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Segment Information
 9 Months Ended
Sep. 30, 2022
Segment Reporting [Abstract]  
Segment Information Segment Information
During the second quarter of 2022, the Company revised its segment reporting, as discussed in Note 1. The Company determined that the Company manages its operations using four operating segments, which are also its reportable segments: (1) Thryv U.S. Marketing Services, (2) Thryv U.S. SaaS, (3) Thryv International Marketing Services, and (4) Thryv International SaaS. As of January 1, 2022, the Company's Chief Executive Officer, who is also the chief operating decision maker (“CODM”), began including gross profit by segment in the Company's reporting to assess segment performance and allocate resources. As such, gross profit by segment has been added to the current and comparative prior period.
The Company does not allocate assets to its segments and the CODM does not evaluate performance or allocate resources based on segment asset data, and, therefore, such information is not presented.

The following tables summarize the operating results of the Company's reportable segments:
Three Months Ended September 30, 2022
Thryv U.S.Thryv International
(in thousands)Marketing ServicesSaaSMarketing ServicesSaaSTotal
Revenue$197,174 $55,353 $26,833 $1,290 $280,650 
Segment Gross Profit126,846 33,827 14,351 615 175,639 
Segment Adjusted EBITDA61,802 398 5,807 (2,575)65,432 
Three Months Ended September 30, 2021
Thryv U.S.Thryv International
(in thousands)Marketing ServicesSaaSMarketing ServicesSaaSTotal
Revenue$213,210 $44,800 $39,149 $131 $297,290 
Segment Gross Profit149,252 27,753 16,347 (229)193,123 
Segment Adjusted EBITDA96,231 (5,508)14,013 (2,377)102,359 
Nine Months Ended September 30, 2022
Thryv U.S.Thryv International
(in thousands)Marketing ServicesSaaSMarketing ServicesSaaSTotal
Revenue$632,277 $153,863 $133,715 $3,165 $923,020 
Segment Gross Profit415,130 95,328 89,694 1,325 601,477 
Segment Adjusted EBITDA211,871 (3,769)64,449 (7,402)265,149 
Nine Months Ended September 30, 2021
Thryv U.S.Thryv International
(in thousands)Marketing ServicesSaaSMarketing ServicesSaaSTotal
Revenue$643,938 $123,437 $101,428 $140 $868,943 
Segment Gross Profit442,244 76,234 35,755 (224)554,009 
Segment Adjusted EBITDA277,546 (7,311)36,182 (2,372)304,045 
A reconciliation of the Company’s Income before income tax expense to total Segment Adjusted EBITDA is as follows:
Three Months Ended September 30,Nine Months Ended September 30,
(in thousands)2022202120222021
Income before income tax expense$19,521 $49,426 $142,855 $130,212 
Interest expense14,570 16,546 44,089 51,388 
Depreciation and amortization expense23,393 31,049 65,954 80,675 
Loss on termination of leaseback obligations— — — 3,409 
Restructuring and integration expenses3,790 2,312 14,439 15,036 
Transaction costs (1)
1,461 3,987 4,797 19,973 
Stock-based compensation expense4,402 2,340 10,140 6,232 
Other components of net periodic pension cost (benefit)3,928 (273)(5,295)(998)
Non-cash (gain) from remeasurement of indemnification asset(585)(404)(1,472)(1,248)
Impairment charges— — 222 3,611 
Other(5,048)(2,624)(10,580)(4,245)
Total Segment Adjusted EBITDA$65,432 $102,359 $265,149 $304,045 
(1)Consists of Vivial Acquisition, Thryv Australia Acquisition and other transaction costs.
The following table sets forth the Company's disaggregation of Revenue based on services for the periods indicated:
Three Months Ended September 30,Nine Months Ended September 30,
(in thousands)2022202120222021
Thryv U.S.
Print$93,436 $106,931 $295,606 $313,595 
Digital103,738 106,279 336,671 330,343 
Total Marketing Services197,174 213,210 632,277 643,938 
SaaS55,353 44,800 153,863 123,437 
Total Thryv U.S.$252,527 $258,010 $786,140 $767,375 
Thryv International
Print$4,739 $10,159 $61,146 $31,112 
Digital22,094 28,990 72,569 70,316 
Total Marketing Services26,833 39,149 133,715 101,428 
SaaS1,290 131 3,165 140 
Total Thryv International28,123 39,280 136,880 101,568 
Total Revenue$280,650 $297,290 $923,020 $868,943