Segment Information (Tables)

3 Months Ended

Mar. 31, 2021

Schedule of Segment Reporting Information, by Segment

The following tables summarize the operating results of our reportable segments (in thousands):


	Three Months Ended March 31, 2021
	Marketing Services		SaaS		Thryv International		Total
Revenue	$	227,933	$	37,251	$	15,422	$	280,606
Segment EBITDA	98,631		316		5,986		104,933


	Three Months Ended March 31, 2020
	Marketing Services		SaaS		Thryv International		Total
Revenue	$	286,722	$	31,848	$	—	$	318,570
Segment EBITDA	110,078		2,701		—		112,779

Reconciliation of Earnings Before Interest, Tax, Depreciation, and Amortization from Segments to Consolidated

A reconciliation of total Segment EBITDA to the Company’s Income before benefit (provision) for income taxes is as follows (in thousands):


	Three Months Ended March 31,
		2021		2020
Total Segment EBITDA		$	104,933	$	112,779
Interest expense		(15,672)		(19,930)
Depreciation and amortization		(19,718)		(37,823)
Other components of net periodic pension benefit (cost)		453		(201)
(Loss) on early extinguishment of debt		(299)		—
Impairment charges		—		(98)
Restructuring and integration expenses (1)		(9,234)		(9,845)
Transaction costs (2)		(10,546)		(6,534)
Stock-based compensation (expense) benefit		(1,971)		6,064
(Loss) from remeasurement of indemnification asset		—		(3,801)
Other		369		900
Income before (provision) for income taxes		$	48,315	$	41,511

(1)For the three months ended March 31, 2021, the Company incurred $0.6 million of severance expense, of which none was a result of the COVID-19 pandemic. For the three months ended March 31, 2020, the Company incurred $3.3 million of severance expense, of which $1.0 million was a result of the COVID-19 pandemic. In addition, the Company incurred losses on disposal of fixed assets and capitalized software and costs associated with abandoned facilities and system consolidation.

(2)Consists of direct listing, Sensis Acquisition and other transaction costs.

Disaggregation of Revenue

The following table sets forth the Company's disaggregation of revenue based on services for the periods indicated (in thousands):


	Three Months Ended March 31,
		2021		2020
Marketing Services
PYP		$	112,911	$	137,387
IYP		64,095		74,946
SEM		34,432		49,708
Other		16,495		24,681
Total Marketing Services		227,933		286,722
SaaS
Thryv Platform		25,900		25,268
Thryv Add-ons		11,351		6,580
Total SaaS		37,251		31,848
Thryv International
PYP		5,713		—
IYP		6,570		—
SEM		2,001		—
Other		1,138		—
Total Thryv International		15,422		—
Total Revenue		$	280,606	$	318,570