Segment Information (Tables)

9 Months Ended

Sep. 30, 2021

Segment Information

Schedule of financial information of reportable segments and reconciliations to consolidated financial information

The following tables provide financial information for our two reportable segments and reconciliations to consolidated financial information for the periods presented:

	Three Months Ended September 30,				Nine Months Ended September 30,
	2021		2020		2021		2020
Segment adjusted EBITDA (loss):
Vertical Software	$	7,712	$	7,673	$	19,041	$	15,875
Insurance		5,473		313		3,067		(62)
Corporate and Other		(12,312)		(9,421)		(40,754)		(30,272)
Divested Businesses		—		—		—		160
Total segment adjusted EBITDA (loss)		873		(1,435)		(18,646)		(14,299)
Reconciling items:
Depreciation and amortization		(4,431)		(3,104)		(10,787)		(5,021)
Non-cash stock-based compensation		(5,884)		(507)		(29,249)		(1,239)
Non-cash bonus expense		(695)		—		(1,378)		—
Acquisition and related (income) expense(1)		(1,958)		1,537		(4,648)		386
Non-cash long-lived asset impairment charge		(76)		(239)		(216)		(540)
Revaluation of contingent consideration		(195)		(100)		380		(1,500)
Investment income and realized gains		(248)		—		(448)		—
Operating loss	$	(12,614)	$	(3,848)	$	(64,992)	$	(22,213)

⁽¹⁾ Acquisition and related (income) expense in the nine months ended September 2021 and 2020, includes $112 thousand and $302 thousand of non-cash stock based compensation related to legacy acquisitions.