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SEGMENT INFORMATION
12 Months Ended
Dec. 31, 2018
Segment Reporting [Abstract]  
SEGMENT INFORMATION
NOTE 16. SEGMENT INFORMATION

We currently report on two segments: our Travel & Entertainment segment, which provides our customers with access to a full range of travel and entertainment services in Las Vegas and surrounding areas, and our Technology & Data Intelligence segment, which provides products and services to our customers based upon the data collected and processed by our proprietary data intelligence software.

Our chief operating decision makers use Adjusted EBITDA as the primary measure of profitability for evaluating the operational performance of our reportable segments. Adjusted EBITDA represents operating income (loss) plus depreciation and amortization expense, share-based compensation expense, impairments and net other income, less other loss. For our Travel & Entertainment segment, Adjusted EBITDA includes an allocation of rent expense, which allocation we base on usage of space. We do not allocate certain other types of shared expense, such as legal and accounting, to our reportable segments; such costs are included in Corporate Entity and Other.

The following table presents certain financial information regarding our business segments and other entities for the years ended December 31, 2018 and 2017 (in thousands):
 
Travel & Entertainment
 
Technology & Data Intelligence
 
Corporate Entity and Other
 
Consolidated
Year Ended December 31, 2018
 
 
 
 
 
 
 
Revenue
$
69,057

 
$
8,030

 
$
2,023

 
$
79,110

Adjusted EBITDA
$
9,043

 
$
(11,061
)
 
$
(15,563
)
 
$
(17,581
)
 
 
 
 
 
 
 
 
Year Ended December 31, 2017
 
 
 
 
 
 
 
Revenue
$
61,543

 
$
5,744

 
$
3,314

 
$
70,601

Adjusted EBITDA
$
6,562

 
$
(3,116
)
 
$
(11,183
)
 
$
(7,737
)
 
 
 
 
 
 
 
 


The following table reconciles Adjusted EBITDA for our business segments to Operating loss (in thousands):
 
Travel & Entertainment
 
Technology & Data Intelligence
 
Corporate Entity and Other
 
Consolidated
Year Ended December 31, 2018
 
 
 
 
 
 
 
Adjusted EBITDA
$
9,043

 
$
(11,061
)
 
$
(15,563
)
 
$
(17,581
)
Less:
 
 
 
 
 
 
 
Depreciation and amortization
(8,786
)
 
(653
)
 
(1,436
)
 
(10,875
)
Impairments

 

 
(2,209
)
 
(2,209
)
Share-based compensation expense
(523
)
 
185

 
(12,610
)
 
(12,948
)
Other income, net
(15
)
 
(225
)
 
(42
)
 
(282
)
Plus:
 
 
 
 
 
 
 
Other loss
28

 
2

 
(888
)
 
(858
)
Operating loss
$
(253
)
 
$
(11,752
)
 
$
(32,748
)

$
(44,753
)
 
 
 
 
 
 
 
 
Year Ended December 31, 2017
 
 
 
 
 
 
 
Adjusted EBITDA
$
6,562

 
$
(3,116
)
 
$
(11,183
)
 
$
(7,737
)
Less:
 
 
 
 
 
 
 
Depreciation and amortization
(8,473
)
 
(520
)
 
(2,077
)
 
(11,070
)
Impairments

 

 
(14,646
)
 
(14,646
)
Share-based compensation expense

 

 
(4,220
)
 
(4,220
)
Other income, net
(19
)
 
(3
)
 
(1
)
 
(23
)
Plus:
 
 
 
 
 
 
 
Other loss
125

 
6

 
186

 
317

Operating loss
$
(1,805
)
 
$
(3,633
)
 
$
(31,941
)
 
$
(37,379
)
 
 
 
 
 
 
 
 


The following table presents total assets for our segments (in thousands):
 
December 31,
 
2018
 
2017
Travel and entertainment segment
$
73,089

 
$
75,820

Technology and data intelligence segment
15,563

 
7,579

Corporate entity and other business units
5,156

 
20,138

Consolidated
$
93,808

 
$
103,537

 
 
 
 



In the table above, we have restated total segment assets at December 31, 2017 for our Technology and Data Intelligence segment as well as the balance of total assets related to our corporate entity and other business units to conform to the current year presentation. We made the reporting change in response to a change in the way we analyze asset balances when making resource allocation decisions at the segment level.

Capital expenditures for our travel and entertainment segment totaled $2.2 million and $2.3 million during the years ended December 31, 2018 and 2017, respectively, while capital expenditures for our technology and data intelligence segment totaled $0.7 million and $1.2 million during the same periods, respectively.