SEGMENT REPORTING

3 Months Ended

Mar. 31, 2020

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 primarily includes Europe, Asia-Pacific and Latin America. 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,
	2020			2019
EBITDA
North America	$	102,413		$	115,268
International	(2,293		)	(2,117		)
Total EBITDA	$	100,120		$	113,151

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

	Three Months Ended March 31,
	2020			2019
Net income	$	72,793		$	85,169
Amortization of acquired intangible assets in cost of revenues	6,005			5,513
Amortization of acquired intangible assets in operating expenses	11,484			7,682
Depreciation and other amortization	6,767			6,464
Interest and other income	(4,518		)	(4,945		)
Interest and other expense	2,026			732
Income tax expense	5,563			12,536
EBITDA	$	100,120		$	113,151

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

	March 31, 2020		December 31, 2019
Property and equipment, net:
North America	$	102,843	$	103,383
International	3,566		4,146
Total property and equipment, net	$	106,409	$	107,529
Goodwill:
North America	$	1,738,679	$	1,738,360
International	135,308		143,660
Total goodwill	$	1,873,987	$	1,882,020
Assets:
North America	$	4,462,340	$	3,615,258
International	222,257		238,728
Total assets	$	4,684,597	$	3,853,986
Liabilities:
North America	$	1,176,504	$	402,759
International	45,282		45,634
Total liabilities	$	1,221,786	$	448,393