SEGMENT REPORTING

6 Months Ended

Jun. 30, 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 expense (income) and other expense (income), 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 EBITDA information by operating segment consists of the following (in thousands):

	Three Months Ended June 30,				Six Months Ended June 30,
	2020		2019		2020		2019
North America	$	112,292	$	95,001	$	214,705	$	210,269
International	(2,994)		(1,447)		(5,287)		(3,564)
Total EBITDA	$	109,298	$	93,554	$	209,418	$	206,705

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

	Three Months Ended June 30,				Six Months Ended June 30,
	2020		2019		2020		2019
Net income	$	60,360	$	63,248	$	133,153	$	148,417
Amortization of acquired intangible assets in cost of revenues	6,054		5,033		12,059		10,546
Amortization of acquired intangible assets in operating expenses	14,935		7,175		26,419		14,857
Depreciation and other amortization	6,990		6,546		13,757		13,010
Interest expense (income)	3,596		(4,678)		1,945		(8,890)
Other expense (income)	474		(538)		(367)		(539)
Income tax expense	16,889		16,768		22,452		29,304
EBITDA	$	109,298	$	93,554	$	209,418	$	206,705

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

	June 30, 2020		December 31, 2019
Property and equipment, net:
North America	$	101,324	$	103,383
International	2,992		4,146
Total property and equipment, net	$	104,316	$	107,529
Goodwill:
North America	$	1,874,125	$	1,738,360
International	134,992		143,660
Total goodwill	$	2,009,117	$	1,882,020
Assets:
North America	$	6,260,750	$	3,615,258
International	218,280		238,728
Total assets	$	6,479,030	$	3,853,986
Liabilities:
North America	$	1,208,740	$	402,759
International	45,969		45,634
Total liabilities	$	1,254,709	$	448,393