XML 29 R18.htm IDEA: XBRL DOCUMENT v3.24.1.u1
Segments
 3 Months Ended
Mar. 31, 2024
Segment Reporting [Abstract]  
Segments Segments
The Company reports information about its operating segments in accordance with the authoritative guidance related to segments. We manage and report our operating results through three reportable segments: Vehicle Payments, Corporate Payments and Lodging Payments. Our Gift and Payroll Card operating segments included within Other. These segments align with how the Chief Operating Decision Maker (CODM) allocates resources, assesses performance and reviews financial information.
The Company’s segment results are as follows for the three month periods ended March 31, 2024 and 2023 (in thousands):
Three Months Ended March 31,
20241
20232
Revenues, net:
Vehicle Payments
$494,061 $495,490 
Corporate Payments265,396 226,172 
Lodging Payments
111,295 122,334 
Other
64,499 57,337 
$935,251 $901,333 
Operating income:
Vehicle Payments
$225,695 $223,480 
Corporate Payments104,711 80,382 
Lodging Payments
47,276 54,563 
Other
19,656 16,770 
$397,338 $375,195 
Depreciation and amortization:
Vehicle Payments
$50,321 $50,350 
Corporate Payments20,803 20,160 
Lodging Payments
11,630 11,398 
Other
2,006 2,324 
$84,760 $84,232 
1Results from Zapay acquired in the first quarter of 2024 are reported in the Vehicle Payments segment from the date of acquisition.
2 Results of the Company's Russian business disposed of in August 2023 are included in the Vehicle Payments segment for all periods prior to disposition.