Segment Information (Tables)

12 Months Ended

Dec. 31, 2019

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Segment

The following tables contain financial information for each reportable segment for the years ended December 31, 2017, 2018 and 2019:

	Year Ended December 31, 2017
	Web presence			Digital marketing			Total
	(in thousands)
Revenue	$	775,617		$	401,250		$	1,176,867
Gross profit	317,996			254,941			572,937
Net loss	$	(89,169	)	$	(10,615	)	$	(99,784	)
Interest expense, net(1)	69,492			86,914			156,406
Income tax expense (benefit)	(22,433		)	5,152			(17,281		)
Depreciation	41,273			13,912			55,185
Amortization of other intangible assets	65,887			74,467			140,354
Stock-based compensation	53,067			6,934			60,001
Restructuring expenses	10,229			5,581			15,810
Transaction expenses and charges	—			773			773
Gain of unconsolidated entities(2)	(110		)	—			(110		)
Impairment of goodwill and other long-lived assets(3)	31,460			—			31,460
SEC investigations reserve	5,249			2,751			8,000
Shareholder litigations reserve	—			—			—
Adjusted EBITDA	$	164,945		$	185,869		$	350,814

	Year Ended December 31, 2018
	Web presence			Digital marketing		Total
	(in thousands)
Revenue	$	735,239		$	410,052	$	1,145,291
Gross profit	336,531			288,023		624,554
Net (loss) income	$	(34,094	)	$	38,628	$	4,534
Interest expense, net(1)	80,074			68,317		148,391
Income tax (benefit) expense	(6,361		)	115		(6,246		)
Depreciation	36,710			11,497		48,207
Amortization of other intangible assets	50,048			53,100		103,148
Stock-based compensation	19,426			9,638		29,064
Restructuring expenses	2,779			589		3,368
Transaction expenses and charges	—			—		—
Loss of unconsolidated entities(2)	267			—		267
Impairment of goodwill and other long-lived assets(3)	—			—		—
SEC investigations reserve	—			—		—
Shareholder litigation reserve	5,825			1,500		7,325
Adjusted EBITDA	$	154,674		$	183,384	$	338,058

	Year Ended December 31, 2019
	Web presence			Digital marketing			Total
	(in thousands)
Revenue	$	702,606		$	410,672		$	1,113,278
Gross profit	307,914			295,068			602,982
Net (loss) income	$	(79,759	)	$	67,412		$	(12,347	)
Interest expense, net(1)	70,628			72,826			143,454
Income tax expense	11,279			6,600			17,879
Depreciation	35,924			9,027			44,951
Amortization of other intangible assets	39,307			45,876			85,183
Stock-based compensation	23,385			12,307			35,692
Restructuring expenses	785			1,207			1,992
Transaction expenses and charges	—			—			—
Gain on sale of business	—			(40,700		)	(40,700		)
Gain of unconsolidated entities(2)	—			—			—
Impairment of goodwill and other long-lived assets(3)	37,540			—			37,540
SEC investigations reserve	—			—			—
Shareholder litigation reserve	—			—			—
Adjusted EBITDA	$	139,089		$	174,555		$	313,644

(1) Interest expense includes impact of amortization of deferred financing costs, original issue discounts and interest income. For the years ended December 31, 2017 and 2018, it also includes $6.5 million and $1.2 million, respectively, of deferred financing costs and OID immediately expensed upon the 2017 and 2018 term loan refinancings.

(2) The (gain) loss of unconsolidated entities is reported on a net basis for the years ended December 31, 2017 and 2018.

(3) The impairment of goodwill and other long-lived assets for the year ended December 31, 2017 includes $13.8 million related to certain domain name intangible assets, $0.6 million to write off a debt investment in a privately held entity, $12.1 million related to impairment of goodwill associated with the web presence segment, and $4.9 million related to developed technology and customer relationships associated with the Directi acquisition. The impairment of goodwill and other long-lived assets for the year ended

December 31, 2019 includes $12.3 million of goodwill impairment relating to two non-strategic reporting units in the web presence segment and $25.2 million related to premium domain name intangible assets acquired in 2014, which was recorded in cost of revenue in the consolidated statements of comprehensive income (loss).

Revenue, classified by the major geographic areas in which the Company's customers are located, was as follows: 

	Year Ended December 31,
	2017		2018		2019
	(in thousands)
United States	$	845,305	$	833,864	$	812,870
International	331,562		311,427		300,408
Total	$	1,176,867	$	1,145,291	$	1,113,278