Segments

3 Months Ended

Mar. 31, 2013

Segment Reporting [Abstract]

Segments

10. 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 inter-segment sales.

The results from the Company’s Russian fuel card business acquired during the second quarter of 2012, CTF Technologies, Inc. acquired during the third quarter of 2012 and Fleet Card acquired during the first quarter of 2013 are reported in the Company’s International segment.

The Company’s segment results are as follows as of and for the three month periods ended March 31 (in thousands):

	Three months ended March 31,
	2013		2012
Revenues, net:
North America	$	100,594	$	82,812
International		93,057		63,353
	$	193,651	$	146,165
Operating income:
North America	$	49,426	$	38,113
International		44,827		26,362
	$	94,253	$	64,475
Depreciation and amortization:
North America	$	5,172	$	4,994
International		9,457		6,726
	$	14,629	$	11,720
Capital expenditures:
North America	$	1,064	$	2,095
International		3,698		1,468
	$	4,762	$	3,563