Segment Information (Tables)

12 Months Ended

Dec. 31, 2019

Segment Reporting [Abstract]

Reportable Segment Results

The following tables present the Company’s reportable segment revenues:

	Year Ended December 31, 2019
(in thousands)	Fleet Solutions		Travel and Corporate Solutions		Health and Employee Benefit Solutions		Total
Payment processing revenue	$	457,244	$	303,385	$	64,963	$	825,592
Account servicing revenue	164,735		43,293		205,524		413,552
Finance fee revenue	245,082		2,086		150		247,318
Other revenue	171,334		19,062		46,833		237,229
Total revenues	$	1,038,395	$	367,826	$	317,470	$	1,723,691
Interest income	$	6,249	$	1,521	$	1,534	$	9,304

	Year Ended December 31, 2018
(In thousands)	Fleet Solutions		Travel and Corporate Solutions		Health and Employee Benefit Solutions		Total
Payment processing revenue	$	464,980	$	203,289	$	55,722	$	723,991
Account servicing revenue	162,662		37,262		108,172		308,096
Finance fee revenue	190,528		1,391		16,708		208,627
Other revenue	156,970		61,402		33,553		251,925
Total revenues	$	975,140	$	303,344	$	214,155	$	1,492,639
Interest income	$	3,503	$	958	$	11,706	$	16,167

	Year Ended December 31, 2017
(In thousands)	Fleet Solutions		Travel and Corporate Solutions		Health and Employee Benefit Solutions		Total
Payment processing revenue	$	360,158	$	158,660	$	50,348	$	569,166
Account servicing revenue	165,083		7,531		103,956		276,570
Finance fee revenue	159,336		760		28,696		188,792
Other revenue	138,533		57,096		18,420		214,049
Total revenues	$	823,110	$	224,047	$	201,420	$	1,248,577
Interest income	$	3,681	$	717	$	27,507	$	31,905

Reconciliation Of Adjusted Net Income To Net Income

The following table reconciles total segment adjusted operating income to income before income taxes:

	Year ended December 31,
(In thousands)	2019			2018			2017
Segment adjusted operating income
Fleet Solutions	$	485,539		$	459,646		$	369,872
Travel and Corporate Solutions	168,786			135,379			96,660
Health and Employee Benefit Solutions	80,283			44,931			46,846
Total segment adjusted operating income	$	734,608		$	639,956		$	513,378
Reconciliation:
Total segment adjusted operating income	$	734,608		$	639,956		$	513,378
Less:
Unallocated corporate expenses	67,982			58,095			53,753
Acquisition-related intangible amortization	159,431			138,186			153,810
Other acquisition and divestiture related items	37,675			4,143			5,000
Debt restructuring costs	11,062			4,425			2,563
Stock-based compensation	47,511			35,103			30,487
Restructuring and other costs	25,106			13,717			11,129
Impairment charges	—			5,649			44,171
Gain on divestiture	—			—			(20,958		)
Operating income	$	385,841		$	380,638		$	233,423
Financing interest expense	(134,677		)	(105,023		)	(107,067		)
Net foreign currency (loss) gain	(926		)	(38,800		)	31,487
Non-cash adjustments related to tax receivable agreement	932			(775		)	15,259
Net unrealized (loss) gain on financial instruments	(34,654		)	2,579			1,314
Income before income taxes	$	216,516		$	238,619		$	174,416

Revenue from External Customers by Geographic Areas

Revenue by principal geographic area, based on the country in which the sale originated, was as follows:

	Year ended December 31,
(In thousands)	2019		2018		2017
United States	$	1,535,985	$	1,287,405	$	1,037,322
Other international1	187,706		205,234		211,255
Total revenues	$	1,723,691	$	1,492,639	$	1,248,577

¹ No single country within made up more than 5 percent of total revenues for any of the years presented.

Schedule Of Property and Equipment By Geographic Data

Net property, equipment and capitalized software by principal geographic area was as follows:

	Year ended December 31,
(In thousands)	2019		2018		2017
United States	$	200,101	$	176,111	$	148,490
International1	12,374		11,757		15,418
Net property, equipment and capitalized software	$	212,475	$	187,868	$	163,908

¹ No single country within made up more than 5 percent of total net property, equipment and capitalized software for any of the years presented.