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Segment Reporting (Tables)
 6 Months Ended
Jun. 30, 2018
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 June 30, 2018

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total revenues

 

$

48,026

 

$

17,730

 

$

42,911

 

$

19,430

 

$

380

 

$

128,477

 

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

 

 

(988)

 

 

3,050

 

 

10,440

 

 

4,000

 

 

(16,756)

 

 

(254)

 

Identifiable assets

 

 

400,709

 

 

110,536

 

 

341,736

 

 

73,953

 

 

 —

 

 

926,934

 

Three Months Ended June 30, 2017

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total revenues

 

$

52,763

 

$

15,984

 

$

38,739

 

$

13,720

 

$

375

 

$

121,581

 

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

 

 

(2,370)

 

 

2,465

 

 

9,570

 

 

799

 

 

(5,377)

 

 

5,087

 

Identifiable assets

 

 

456,071

 

 

108,698

 

 

339,337

 

 

52,570

 

 

 —

 

 

956,676

 

Six Months Ended June 30, 2018

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total revenues

 

$

96,512

 

$

35,777

 

$

87,741

 

$

39,037

 

$

894

 

$

259,961

 

(Loss) income before income tax (benefit) expense (1)(3)

 

 

(2,354)

 

 

6,879

 

 

22,349

 

 

8,680

 

 

(29,911)

 

 

5,643

 

Six Months Ended June 30, 2017

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total revenues

 

$

106,156

 

$

32,466

 

$

75,451

 

$

27,663

 

$

680

 

$

242,416

 

(Loss) income before income tax (benefit) expense (4)

 

 

(6,313)

 

 

5,296

 

 

19,508

 

 

1,913

 

 

(11,506)

 

 

8,898

 

Notes:

 

(1)

During the three and six months ended June 30, 2018, the Company incurred a charge to establish an accrual of $12.0 million for a potential settlement with the SEC of an investigation into the operational features of U.S. POSIT and access to U.S. POSIT data, together with certain related disclosures, and incurred related legal fees of $0.2 million. For more information, see Note 19, Contingencies – Legal Matters.

(2)

The Company has restated segment results for the three months ended June 30, 2017, resulting in a decrease in U.S. expenses of $2.7 million and increases in expenses in Canada, Europe and Asia Pacific of $0.7 million, $1.3 million and $0.7 million, respectively.

(3)

During the six months ended June 30, 2018, the Company incurred restructuring charges of $7.2 million related to the elimination of certain positions in the U.S.

(4)

The Company has restated segment results for the six months ended June 30, 2017, resulting in a decrease in U.S. expenses of $5.3 million and increases in expenses in Canada, Europe and Asia Pacific of $1.3 million, $2.5 million and $1.5 million, respectively.

 

Schedule of total revenues for the products and services provided by the company

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    

Three Months Ended

 

Six Months Ended

 

 

 

June 30, 

 

June 30, 

 

 

 

2018

    

2017

    

2018

    

2017

 

Revenues:

    

 

    

    

 

    

 

 

    

    

 

    

 

Execution Services

 

$

89,959

 

$

86,797

 

$

184,315

 

 

173,084

 

Workflow Technology

 

 

27,112

 

 

23,352

 

 

53,687

 

 

46,452

 

Analytics

 

 

11,026

 

 

11,057

 

 

21,065

 

 

22,200

 

Corporate (non-product)

 

 

380

 

 

375

 

 

894

 

 

680

 

Total Revenues

 

$

128,477

 

$

121,581

 

$

259,961

 

$

242,416