Segment Information (Tables)

12 Months Ended

Dec. 31, 2013

Reconciliation Of Adjusted Earnings Before Interest, Taxes, Depreciation And Amortization To Net Income Attributable To Controlling Interests



	2013		2012		2011
	(In thousands)
Adjusted EBITDA	$	218,842	$	189,533	$	156,307
Less:
Loss on disposal of assets		2,790		1,787		981
Other income		(3,150)		(1,830)		(849)
Noncontrolling interests		(2,399)		(1,668)		(1,897)
Stock-based compensation expense		12,290		11,072		9,283
Acquisition-related expenses		15,400		3,332		4,747
Other adjustments to cost of ATM operating revenues (1)		8,670		—		—
Other adjustments to selling, general, and administrative expenses (2)		505		972		—
EBITDA	$	184,736	$	175,868	$	144,042
Less:
Interest expense, net, including amortization of deferred financing costs and note discount		23,086		22,057		21,109
Income tax expense (benefit)		42,018		27,009		(13,176)
Depreciation and accretion expense		68,480		61,499		47,962
Amortization expense		27,336		21,712		17,914
Net income attributable to controlling interests and available to common stockholders	$	23,816	$	43,591	$	70,233

____________

(1) Adjustment to cost of ATM operating revenues for the year ended December 31, 2013 is related to the charge for retroactive property taxes on certain ATM locations in the U.K.

(2) Adjustment to selling, general, and administrative expense for the years ended December 31, 2013 and 2012 represent severance related costs associated with management of the Company’s U.K. operations.

Financial Information For Each Of The Company's Reporting Segments



	Year Ended December 31, 2013
	U.S.		Europe		Other International		Eliminations		Total
	(In thousands)
Revenue from external customers	$	657,390	$	178,448	$	40,648	$	—	$	876,486
Intersegment revenues		8,319		407		56		(8,782)		—
Cost of revenues		426,635		140,812		36,122		(8,282)		595,287
Selling, general, and administrative expenses		67,890		13,575		3,127		—		84,592
Acquisition-related expenses		8,036		7,333		31		—		15,400
Loss (gain) on disposal of assets		1,626		(123)		1,287		—		2,790

Adjusted EBITDA		183,498		33,580		2,261		(497)		218,842

Depreciation and accretion expense		41,530		22,448		4,582		(80)		68,480
Amortization expense		21,101		5,541		694		—		27,336
Interest expense, net, including amortization of deferred financing costs and note discount		21,494		1,262		330		—		23,086
Income tax expense (benefit)		42,017		(190)		191		—		42,018

Capital expenditures (1)	$	53,023	$	21,745	$	2,434	$	(49)	$	77,153



	Year Ended December 31, 2012
	U.S.		Europe		Other International		Eliminations		Total
	(In thousands)
Revenue from external customers	$	626,241	$	117,814	$	36,394	$	—	$	780,449
Intersegment revenues		10,087		—		89		(10,176)		—
Cost of revenues		423,813		93,030		28,909		(9,665)		536,087
Selling, general, and administrative expenses		54,635		7,491		2,970		429		65,525
Acquisition-related expenses		3,207		120		5		—		3,332
Loss on disposal of assets		1,716		61		10		—		1,787

Adjusted EBITDA		168,915		18,256		3,303		(941)		189,533

Depreciation and accretion expense		37,831		19,894		3,768		6		61,499
Amortization expense		20,088		1,437		187		—		21,712
Interest expense, net, including amortization of deferred financing costs		21,005		647		405		—		22,057
Income tax expense (benefit)		27,069		—		(60)		—		27,009

Capital expenditures (1)	$	62,496	$	21,839	$	8,851	$	(383)	$	92,803



	Year Ended December 31, 2011
	U.S.		Europe		Other International		Eliminations		Total
	(In thousands)
Revenue from external customers	$	501,439	$	97,665	$	25,472	$	—	$	624,576
Intersegment revenues		4,277		—		111		(4,388)		—
Cost of revenues		329,782		75,109		19,612		(4,388)		420,115
Selling, general, and administrative expenses		47,342		5,950		2,290		—		55,582
Acquisition-related expenses		4,747		—		—		—		4,747
Loss (gain) on disposal of assets		791		215		(25)		—		981

Adjusted EBITDA		137,840		16,554		1,913		—		156,307

Depreciation and accretion expense		28,719		16,194		3,070		(21)		47,962
Amortization expense		15,985		1,892		37		—		17,914
Interest expense, net, including amortization of deferred financing costs		17,144		3,260		705		—		21,109
Income tax benefit		(13,176)		—		—		—		(13,176)

Capital expenditures (1)	$	46,154	$	20,478	$	254	$	—	$	66,886

_________


(1)	Capital expenditure amounts include payments made for exclusive license agreements and site acquisition costs. Additionally, capital expenditure amounts for Mexico (included in the Other International segment) are reflected gross of any noncontrolling interest amounts.

Identifiable Assets



	December 31, 2013		December 31, 2012		December 31, 2011
	(In thousands)
United States	$	931,396	$	714,110	$	665,553
Europe		341,618		108,894		93,182
Other International		26,452		30,066		16,626
Eliminations		(243,263)		(84,178)		(62,560)
Total	$	1,056,203	$	768,892	$	712,801

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References+ Details