Segment Information (Tables)

9 Months Ended

Sep. 30, 2024

Segment Reporting [Abstract]

Schedule of Segment Reporting Information

The following tables are in thousands:

Three months ended September 30, 2024	Software		CES		All other			Total
Revenue	$	144,419	$	6,237	$	794		$	151,450
Adjusted EBITDA	$	26,134	$	241	$	(670	)	$	25,705
Three months ended September 30, 2023	Software		CES		All other			Total
Revenue	$	125,594	$	7,126	$	1,283		$	134,003
Adjusted EBITDA	$	15,312	$	502	$	(360	)	$	15,454

Nine months ended September 30, 2024	Software		CES		All other			Total
Revenue	$	450,965	$	19,248	$	2,944		$	473,157
Adjusted EBITDA	$	89,514	$	593	$	(1,236	)	$	88,871
Nine months ended September 30, 2023	Software		CES		All other			Total
Revenue	$	414,322	$	22,936	$	3,940		$	441,198
Adjusted EBITDA	$	75,791	$	1,544	$	(1,770	)	$	75,565

Reconciliation of U.S. GAAP (Loss) Income Before Income Taxes to Adjusted EBITDA

	Three Months Ended  September 30,						Nine Months Ended September 30,
	2024			2023			2024			2023
Reconciliation of Adjusted EBITDA to U.S. GAAP    income (loss) before income taxes:
Adjusted EBITDA	$	25,705		$	15,454		$	88,871		$	75,565
Stock-based compensation expense		(17,356	)		(20,526	)		(50,710	)		(66,423	)
Interest expense		(1,317	)		(1,529	)		(4,497	)		(4,583	)
Depreciation and amortization		(11,563	)		(9,783	)		(31,120	)		(29,271	)
Special adjustments, interest income and other (1)		9,660			5,481			20,144			7,480
Income (loss) before income taxes	$	5,129		$	(10,903	)	$	22,688		$	(17,232	)

The three months ended September 30, 2024, includes $5.9 million of interest income and $3.8 million of currency gains on acquisition-related intercompany loans. The three months ended September 30, 2023, includes $4.8 million of interest income, $2.8 million of currency losses on acquisition-related intercompany loans, and a $3.5 million gain from the mark-to-market adjustment of contingent consideration associated with the World Programming acquisition. The nine months ended September 30, 2024, includes $17.5 million of interest income, $2.8 million of currency gains on acquisition-related intercompany loans, and a $0.2 million loss from the mark-to-market adjustment of contingent consideration associated with the World Programming acquisition. The nine months ended September 30, 2023, includes an $4.5 million loss from the mark-to-market adjustment of contingent consideration associated with the World Programming acquisition, $11.7 million of interest income, and $0.3 million of currency gains on acquisition-related intercompany loans.