XML 48 R34.htm IDEA: XBRL DOCUMENT v3.22.2
Reportable Segments (Tables)
6 Months Ended
Jun. 30, 2022
Segment Reporting [Abstract]  
Schedule of Adjusted EBITDA Reconciled to Net Income

A reconciliation of Segment Adjusted EBITDA to net income (loss) for the three and six months ended June 30, 2022 and 2021 is as follows (in thousands):

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

Adjusted EBITDA

 

 

 

 

 

 

 

 

 

 

 

 

Americas

 

$

52,954

 

 

$

49,208

 

 

$

99,773

 

 

$

83,055

 

International

 

 

7,880

 

 

 

7,114

 

 

 

14,661

 

 

 

9,857

 

Total

 

$

60,834

 

 

$

56,322

 

 

$

114,434

 

 

$

92,912

 

Adjustments to reconcile to net income (loss):

 

 

 

 

 

 

 

 

 

 

 

 

Interest expense, net

 

 

3,112

 

 

 

10,452

 

 

 

2,262

 

 

 

17,169

 

Provision (benefit) for income taxes

 

 

5,432

 

 

 

3,063

 

 

 

10,367

 

 

 

(1,372

)

Depreciation and amortization

 

 

34,407

 

 

 

35,918

 

 

 

68,441

 

 

 

70,681

 

Loss on extinguishment of debt

 

 

 

 

 

 

 

 

 

 

 

13,938

 

Share-based compensation

 

 

1,943

 

 

 

2,664

 

 

 

3,802

 

 

 

3,226

 

Transaction and acquisition-related charges (a)

 

 

1,179

 

 

 

382

 

 

 

2,677

 

 

 

4,366

 

Integration, restructuring, and other charges (b)

 

 

525

 

 

 

73

 

 

 

(364

)

 

 

523

 

Net income (loss)

 

$

14,236

 

 

$

3,770

 

 

$

27,249

 

 

$

(15,619

)

(a)
Represents charges incurred related to acquisitions and similar transactions, primarily consisting of change in control-related costs, professional service fees, and other third-party costs. Additionally includes incremental professional service fees incurred related to the initial public offering and subsequent one-time compliance efforts. The three and six months ended June 30, 2022 includes a transaction bonus expense related to one of the Company’s 2021 acquisitions.
(b)
Represents charges from organizational restructuring and integration activities, non-cash, and other charges primarily related to legal exposures inherited from legacy acquisitions, foreign currency (gains) losses, and (gains) losses on the sale of assets.
Schedule of Revenues by Geographic Region

The following summarizes revenues by geographical region for the three and six months ended June 30, 2022 and 2021 (in thousands):

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

Revenues

 

 

 

 

 

 

 

 

 

 

 

 

Americas

 

$

170,591

 

 

$

146,300

 

 

$

330,679

 

 

$

262,823

 

International

 

 

33,044

 

 

 

30,080

 

 

 

64,785

 

 

 

46,642

 

Eliminations

 

 

(2,074

)

 

 

(1,554

)

 

 

(4,022

)

 

 

(2,569

)

Total revenues

 

$

201,561

 

 

$

174,826

 

 

$

391,442

 

 

$

306,896

 

Summary of Long Lived Assets by Geographical Area

The following table sets forth net long-lived assets by geographic area as of June 30, 2022 and December 31, 2021 (in thousands):

 

 

June 30, 2022

 

 

December 31, 2021

 

Long-lived assets, net

 

 

 

 

 

 

United States, country of domicile

 

$

1,186,972

 

 

$

1,213,093

 

All other countries

 

 

195,060

 

 

 

199,459

 

Total long-lived assets, net

 

$

1,382,032

 

 

$

1,412,552