Operating Segment Information

3 Months Ended

Mar. 31, 2016

Segment Reporting [Abstract]

Operating Segment Information

8. Operating Segment Information

The Company provides online financial services to alternative credit consumers and small businesses in the United States, United Kingdom, Australia, Canada, and Brazil and has one reportable segment, which is composed of the Company’s domestic and international operations and corporate services. The Company has aggregated all components of its business into a single reportable segment based on the similarities of the economic characteristics, the nature of the products and services, the nature of the production and distribution methods, the type of customer and the nature of the regulatory environment.

During the first quarter of 2016, the Company changed the presentation of its operational information to report shared corporate services separately from its domestic and international operations. Corporate services expenses, which were previously allocated between domestic and international based on revenue, is included under the “Corporate Services” heading in the following tables. For comparison purposes, income (loss) from operations and depreciation and amortization expenses for the prior period has been conformed to the current presentation. Corporate Services primarily includes personnel, occupancy and other operating expenses for shared functions, such as executive management, technology, analytics, business development, legal and licensing, compliance, risk management, internal audit, human resources, payroll, treasury, finance, accounting, and tax. Corporate Services assets primarily include: corporate property and equipment, nonqualified savings plan assets, marketable securities, restricted cash and prepaid expenses.

The following tables present information on the Company’s domestic and international operations as of and for the three months ended March 31, 2016 and 2015 (dollars in thousands):

	Three Months Ended
	March 31,
	2016			2015
Revenue
Domestic	$	143,428		$	119,053
International		31,225			46,623
Total revenue	$	174,653		$	165,676
Income from operations
Domestic	$	55,582		$	57,183
International		3,151			23,937
Corporate services		(26,884	)		(27,031	)
Total income from operations	$	31,849		$	54,089
Depreciation and amortization
Domestic	$	1,582		$	2,485
International		605			523
Corporate services		1,800			2,275
Total depreciation and amortization	$	3,987		$	5,283
Expenditures for property and equipment
Domestic	$	769		$	2,170
International		804			94
Corporate services		657			9,308
Total expenditures for property and equipment	$	2,230		$	11,572

	March 31,
	2016		2015
Property and equipment, net
Domestic	$	15,696	$	14,593
International		5,562		5,066
Corporate services		24,482		20,598
Total property and equipment, net	$	45,740	$	40,257
Assets
Domestic	$	707,176	$	502,596
International		114,858		190,355
Corporate services		93,142		56,944
Total assets	$	915,176	$	749,895

Geographic Information

The following table presents the Company’s revenue by geographic region for the three months ended March 31, 2016 and 2015 (dollars in thousands):

	Three Months Ended
	March 31,
	2016		2015
Revenue
United States	$	143,428	$	119,053
United Kingdom		25,909		44,336
Other international countries		5,316		2,287
Total revenue	$	174,653	$	165,676

The Company’s long-lived assets, which consist of the Company’s property and equipment, were $45.7 million and $40.3 million at March 31, 2016 and 2015, respectively. The operations for the Company’s domestic and international businesses are primarily located within the United States, and the value of any long-lived assets located outside of the United States is immaterial.