15. Segments

The Company reports information about its operating segments in accordance with the authoritative guidance related to segments. The Company’s reportable segments represent components of the business for which separate financial information is evaluated regularly by the chief operating decision maker in determining how to allocate resources and in assessing performance. The Company operates in two reportable segments, North America and International. The Company has identified these segments due to commonality of the products in each of their business lines having similar economic characteristics, services, customers and processes. There were no significant intersegment sales. Certain operating segments are aggregated.

The results from the Company’s Mexican prepaid fuel card and food voucher business acquired during the third quarter of 2011, Allstar business acquired during the fourth quarter of 2011, a Russian fuel card business acquired during the second quarter of 2012 and CTF Technologies, Inc. acquired during the third quarter of 2012 are reported in our International segment.

The Company’s segment results are as follows as of and for the years ended December 31 (in thousands):


	2012		2011		2010
Revenues, net:
North America	$	400,164	$	348,784	$	287,794
International		307,370		170,807		146,047

	$	707,534	$	519,591	$	433,841

Operating income:
North America	$	196,677	$	153,687	$	106,745
International		128,251		72,647		63,748

	$	324,928	$	226,334	$	170,493

Depreciation and amortization:
North America	$	20,289	$	19,845	$	20,220
International		31,747		16,326		13,525

	$	52,036	$	36,171	$	33,745

Capital expenditures:
North America	$	7,735	$	6,840	$	6,891
International		11,376		6,614		4,303

	$	19,111	$	13,454	$	11,194


	2012		2011		2010
Long-lived assets (excluding goodwill):
North America	$	152,516	$	113,030	$	113,192
International		447,391		351,135		150,277

	$	599,907	$	464,165	$	263,469

The Company attributes revenues, net from external customers to individual countries based upon the country in which the related services were rendered. The table below presents certain financial information related to the Company’s significant foreign operations as of and for the years ended December 31 (in thousands):


	2012			2011		2010
Revenues, net:
United States (country of domicile)	$	399,573		$	348,065	$	286,922
United Kingdom		153,305			80,778		77,349
Czech Republic		N/A	¹		54,542		52,871


	2012			2011
Long-lived assets (excluding goodwill):
United States (country of domicile)	$	152,175		$	112,630
United Kingdom		225,050			230,580
Brazil		81,934			N/A
Czech Republic		N/A	¹		47,081

¹	In 2012 and at December 31, 2012, revenues, net and long-lived assets, respectively, in the Czech Republic were less than 10% of the Company’s consolidated total revenues, net and consolidated long-lived assets (excluding goodwill).

No single customer represented more than 10% of the Company’s consolidated revenue in 2012. In 2011 and 2010, a major-oil partner, accounted for approximately 11% of the Company’s consolidated revenues, net. The revenues from this significant customer are presented within the Company’s North American segment. Agreements with the major oil company partners typically have initial terms of five to ten years with current remaining terms ranging from less than one year up to ten years.