Segments

6 Months Ended

Jun. 30, 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, Fleet Card acquired during the first quarter of 2013 and CardLink acquired during the second 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 and six month periods ended June 30 (in thousands):

	Three months ended June 30,				Six months ended June 30,
	2013		2012		2013		2012
Revenues, net:
North America	$	119,486	$	107,286	$	220,080	$	190,098
International		101,383		64,534		194,440		127,887
	$	220,869	$	171,820	$	414,520	$	317,985
Operating income:
North America	$	60,103	$	53,598	$	109,529	$	91,711
International		48,971		27,850		93,798		54,212
	$	109,074	$	81,448	$	203,327	$	145,923
Depreciation and amortization:
North America	$	5,267	$	5,024	$	10,439	$	10,018
International		10,623		6,585		20,080		13,311
	$	15,890	$	11,609	$	30,519	$	23,329
Capital expenditures:
North America	$	1,292	$	2,501	$	2,356	$	4,596
International		4,054		2,367		7,752		3,835
	$	5,346	$	4,868	$	10,108	$	8,431