Segments (Tables)

12 Months Ended

Sep. 30, 2020

Summary of Reportable Segment Performance

The Company primarily uses processing margin to measure operating performance. The following is a summary of reportable segment operating performance for the years ended September 30, 2020, 2019 and 2018.


	As of and for the Year ended September 30, 2020
	Merchant Services		Proprietary Software and Payments		Other		Total
Revenue	$	100,949	$	50,953	$	(1,768)	$	150,134

Operating expenses
Other costs of services	43,940		5,057		(1,767)		47,230
Selling general and administrative	26,376		28,187		23,760		78,323
Depreciation and amortization	11,796		5,723		698		18,217
Change in fair value of contingent consideration	(4,691)		3,282		—		(1,409)
Income (loss) from operations	$	23,528	$	8,704	$	(24,459)	$	7,773

Processing margin(1)	$	78,627	$	46,483	$	(1,758)	$	123,352
Total assets	$	206,769	$	139,107	$	57,650	$	403,526
Goodwill	$	115,982	$	71,023	$	—	$	187,005

__________________________

1.Processing margin is equal to revenue less other costs of services. $21,618, $587 and $(1,757) of residual expense, a component of other costs of services, are added back to the Merchant Services segment, Proprietary Software and Payments segment, and Other category, respectively.


	As of and for the Year ended September 30, 2019
	Merchant Services		Proprietary Software and Payments		Other		Total
Revenue	$	338,968	$	37,339	$	—	$	376,307

Operating expenses
Interchange and network fees	236,170		6,697		—		242,867
Other costs of services	41,487		2,750		—		44,237
Selling general and administrative	27,275		17,059		18,526		62,860
Depreciation and amortization	12,221		3,790		553		16,564
Change in fair value of contingent consideration	(477)		3,866		—		3,389
Income (loss) from operations	$	22,292	$	3,177	$	(19,079)	$	6,390

Processing margin(1)	$	78,369	$	28,497	$	—	$	106,866
Total assets	$	216,420	$	99,420	$	33,462	$	349,302
Goodwill	$	117,334	$	50,950	$	—	$	168,284

__________________________

1.Processing margin is equal to revenue less interchange and network fees, less other costs of services. $17,058, $605 and $0 of residual expense, a component of other costs of services, are added back to the Merchant Services segment, Proprietary Software and Payments segment, and Other category, respectively.


	As of and for the Year ended September 30, 2018
	Merchant Services		Proprietary Software and Payments		Other		Total
Revenue	$	303,692	$	19,819	$	(3)	$	323,508

Operating expenses
Interchange and network fees	209,705		4,838		—		214,543
Other costs of services	38,563		1,752		(1)		40,314
Selling general and administrative	23,716		7,177		9,692		40,585
Depreciation and amortization	9,736		1,896		207		11,839
Change in fair value of contingent consideration	2,103		1,763		—		3,866
Income (loss) from operations	$	19,869	$	2,393	$	(9,901)	$	12,361

Processing margin(1)	$	69,449	$	13,733	$	(2)	$	83,180
Total assets	$	143,792	$	26,524	$	4,826	$	175,142
Goodwill	$	70,936	$	13,018	$	—	$	83,954

__________________________

1.Processing margin is equal to revenue less interchange and network fees, less other costs of services. $14,025, $504 and $0 of residual expense, a component of other costs of services, are added back to the Merchant Services segment, Proprietary Software and Payments segment, and Other category, respectively.