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Segment Reporting (Tables)
 3 Months Ended
Mar. 31, 2017
Segment Reporting  
Summary of the segment financial information

A summary of the segment financial information is as follows (dollars in thousands):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    

U.S.

    

Canadian

    

European

    

Asia Pacific

    

 

 

    

 

 

 

 

    

Operations

    

Operations

    

Operations

    

Operations

    

Corporate

    

Consolidated

 

Three Months Ended March 31, 2017

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total revenues

 

$

53,393

 

$

16,482

 

$

36,712

 

$

13,943

 

$

305

 

$

120,835

 

Income (loss) before income tax expense (benefit)

 

 

(6,604)

 

 

3,498

 

 

11,201

 

 

1,845

 

 

(6,129)

 

 

3,811

 

Identifiable assets

 

 

412,323

 

 

90,276

 

 

330,309

 

 

51,748

 

 

 —

 

 

884,656

 

Three Months Ended March 31, 2016

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total revenues

 

$

66,329

 

$

16,096

 

$

31,139

 

$

10,757

 

$

347

 

$

124,668

 

(Loss) income before income tax (benefit) expense (1) (2)

 

 

2,105

 

 

3,338

 

 

5,679

 

 

(600)

 

 

(14,160)

 

 

(3,638)

 

Identifiable assets

 

 

1,196,340

 

 

100,599

 

 

253,135

 

 

67,149

 

 

 —

 

 

1,617,223

 

The following notes relate to Corporate activity:

 

(1)

During the three months ended March 31, 2016, the Company expensed $2.8 million for cash and stock awards granted to its current Chief Executive Officer upon the commencement of his employment in January 2016, a significant portion of which replaced awards he forfeited at his former employer. Due to U.S. tax regulations, only a small portion of the amount expensed for these awards was eligible for a tax deduction.

 

(2)

During the three months ended March 31, 2016, the Company established a reserve of $2.5 million in accordance with ASC 450, Contingencies, for the pending arbitration case with its former Chief Executive Officer and incurred legal fees related to this matter of $0.3 million.
Schedule of total revenues for the products and services provided by our geographic segments

The table below details the total revenues for the categories of products and services provided by the Company (dollars in thousands):

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended

 

 

 

March 31, 

 

 

    

2017

    

2016

 

Revenues:

 

 

    

    

 

    

 

Execution Services

 

$

86,287

 

$

89,793

 

Workflow Technology

 

 

23,100

 

 

23,593

 

Analytics

 

 

11,143

 

 

10,935

 

Corporate (non-product)

 

 

305

 

 

347

 

Total Revenues

 

$

120,835

 

$

124,668