SEGMENT REPORTING

3 Months Ended

Mar. 31, 2019

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):

	Three Months Ended March 31,
	2019			2018
EBITDA
North America	$	115,268		$	71,055
International	(2,117		)	(627		)
Total EBITDA	$	113,151		$	70,428

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

	Three Months Ended March 31,
	2019			2018
Net income	$	85,169		$	52,231
Amortization of acquired intangible assets in cost of revenues	5,513			4,608
Amortization of acquired intangible assets in operating expenses	7,682			5,803
Depreciation and other amortization	6,464			6,572
Interest and other income	(4,945		)	(2,987		)
Interest and other expense	732			690
Income tax expense	12,536			3,511
EBITDA	$	113,151		$	70,428

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

	March 31, 2019		December 31, 2018
Property and equipment, net
North America	$	81,867	$	79,493
International	4,111		3,810
Total property and equipment, net	$	85,978	$	83,303
Goodwill
North America	$	1,573,088	$	1,573,088
International	38,977		38,447
Total goodwill	$	1,612,065	$	1,611,535
Assets
North America	$	3,475,272	$	3,253,035
International	73,012		59,922
Total assets	$	3,548,284	$	3,312,957
Liabilities
North America	$	386,122	$	272,776
International	33,548		18,239
Total liabilities	$	419,670	$	291,015