SEGMENTS

The Company aggregates its operating segments into three reportable segments, which include U.S. and Canada, International and Manufacturing / Wholesale. The Company fully allocates warehousing and distribution costs to its reportable segments. The Company's chief operating decision maker evaluates segment operating results based primarily on performance indicators, including revenue and operating income. Operating income of each reportable segment excludes certain items that are managed at the consolidated level, such as corporate costs. The Manufacturing / Wholesale segment manufactures and sells products to the U.S. and Canada and International segments at cost with a markup, which is eliminated at consolidation. Included in the U.S. and Canada segment are non-cash long-lived asset impairments of $23.2 million recorded during the nine months ended September 30, 2017, as well as gains on refranchising of $18.3 million recorded in the nine months ended September 30, 2016.

The following table represents key financial information for each of the Company's reportable segments:



	Three months ended September 30,						Nine months ended September 30,
	2017			2016			2017			2016
	(in thousands)
Revenue:
U.S. and Canada	$	507,108		$	525,505		$	1,603,447		$	1,671,048
International	49,057			41,118			132,105			121,037
Manufacturing / Wholesale:
Intersegment revenues	58,037			53,016			175,335			172,603
Third party	53,304			61,341			159,749			178,002
Subtotal Manufacturing / Wholesale	111,341			114,357			335,084			350,605
Total reportable segment revenues	667,506			680,980			2,070,636			2,142,690
Elimination of intersegment revenues	(58,037		)	(53,016		)	(175,335		)	(172,603		)
Total revenue	$	609,469		$	627,964		$	1,895,301		$	1,970,087
Operating income:
U.S. and Canada	$	29,730		$	65,292		$	112,336		$	256,142
International	16,768			14,676			46,908			41,428
Manufacturing / Wholesale	19,505			17,395			53,989			53,719
Total reportable segment operating income	66,003			97,363			213,233			351,289
Unallocated corporate costs and other	(25,558		)	(32,470		)	(79,415		)	(76,107		)
Total operating income	40,445			64,893			133,818			275,182
Interest expense, net	16,339			15,360			48,300			45,078
Income before income taxes	$	24,106		$	49,533		$	85,518		$	230,104