SEGMENT REPORTING

12 Months Ended

Dec. 31, 2018

Segment Reporting [Abstract]

SEGMENT REPORTING

SEGMENT REPORTING

Segment Information

The Company manages its business geographically in two operating segments, with the primary areas of measurement and decision-making being North America, which includes the U.S. and Canada, and International, which includes the U.K., Spain, Germany and France. Management relies on an internal management reporting process that provides revenue and operating segment net income before interest and other income (expense), loss on debt extinguishment, income taxes, depreciation and amortization (“EBITDA”). Management believes that operating segment EBITDA is an appropriate measure for evaluating the operational performance of the Company’s operating segments. EBITDA is used by management to internally measure operating and management performance and to evaluate the performance of the business. However, this measure should be considered in addition to, not as a substitute for or superior to, income from operations or other measures of financial performance prepared in accordance with GAAP. 

Summarized information by operating segment consists of the following (in thousands):

	Year Ended December 31,
	2018			2017		2016
EBITDA
North America	$	358,036		$	236,906	$	210,901
International	(6,729		)	553		4,169
Total EBITDA	$	351,307		$	237,459	$	215,070

The reconciliation of net income to EBITDA consists of the following (in thousands):

	Year Ended December 31,
	2018			2017			2016
Net income	$	238,334		$	122,695		$	85,071
Amortization of acquired intangible assets in cost of revenues	20,586			19,707			22,819
Amortization of acquired intangible assets in operating expenses	30,881			17,684			22,731
Depreciation and other amortization	26,276			26,252			24,615
Interest and other income	(13,281		)	(4,044		)	(1,773		)
Interest and other expense	2,830			9,014			10,016
Loss on debt extinguishment	—			3,788			—
Income tax expense	45,681			42,363			51,591
EBITDA	$	351,307		$	237,459		$	215,070

Summarized information by operating segment consists of the following (in thousands):

	December 31,
	2018		2017
Property and equipment, net
North America	$	79,493	$	79,736
International	3,810		4,760
Total property and equipment, net	$	83,303	$	84,496
Goodwill
North America	$	1,573,088	$	1,253,494
International	38,447		29,963
Total goodwill	$	1,611,535	$	1,283,457
Assets
North America	$	3,253,035	$	2,816,156
International	59,922		57,285
Total assets	$	3,312,957	$	2,873,441
Liabilities
North America	$	272,776	$	201,831
International	18,239		20,360
Total liabilities	$	291,015	$	222,191