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Segments
6 Months Ended
Jun. 30, 2015
Segment Reporting [Abstract]  
Segments

10. 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. Certain operating segments are aggregated in both our North America and International reportable segments. The Company has aggregated these operating 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.

 

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,
 
     2015      2014      2015      2014  

Revenues, net:

           

North America

   $ 284,576       $ 138,861       $ 583,389       $ 265,236   

International

     120,029         134,641         237,382         262,174   
  

 

 

    

 

 

    

 

 

    

 

 

 
   $ 404,605       $ 273,502       $ 820,771       $ 527,410   
  

 

 

    

 

 

    

 

 

    

 

 

 

Operating income:

           

North America

   $ 109,584       $ 68,317       $ 219,350       $ 124,514   

International

     59,567         66,167         113,575         124,106   
  

 

 

    

 

 

    

 

 

    

 

 

 
   $ 169,151       $ 134,484       $ 332,925       $ 248,620   
  

 

 

    

 

 

    

 

 

    

 

 

 

Depreciation and amortization:

           

North America

   $ 32,021       $ 6,376       $ 63,943       $ 13,012   

International

     16,806         18,053         32,966         35,835   
  

 

 

    

 

 

    

 

 

    

 

 

 
   $ 48,827       $ 24,429       $ 96,909       $ 48,847   
  

 

 

    

 

 

    

 

 

    

 

 

 

Capital expenditures:

           

North America

   $ 3,793       $ 1,840       $ 8,017       $ 3,836   

International

     4,336         4,128         8,217         7,716   
  

 

 

    

 

 

    

 

 

    

 

 

 
   $ 8,129       $ 5,968       $ 16,234       $ 11,552