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Segment Information (Tables)
 12 Months Ended
Dec. 31, 2021
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information, by Segment
The following tables summarize the operating results of the Company's reportable segments:
Year Ended December 31, 2021
(in thousands)Marketing ServicesSaaSThryv InternationalTotal
Revenue$797,493 $170,498 $145,391 $1,113,382 
Segment Adjusted EBITDA318,230 (14,004)46,297 350,523 
Year Ended December 31, 2020
(in thousands)Marketing ServicesSaaSThryv InternationalTotal
Revenue$979,611 $129,824 $— $1,109,435 
Segment Adjusted EBITDA358,804 13,035 — 371,839 
Year Ended December 31, 2019
(in thousands)Marketing ServicesSaaSThryv InternationalTotal
Revenue$1,292,795 $128,579 $— $1,421,374 
Segment Adjusted EBITDA468,934 12,165 — 481,099 
Reconciliation of Earnings Before Interest, Tax, Depreciation, and Amortization from Segments to Consolidated
A reconciliation of the Company’s Income before income tax (expense) benefit to total Segment Adjusted EBITDA is as follows:
Years Ended December 31,
(in thousands)202120202019
Income before income tax (expense) benefit
$134,314 $41,238 $53,566 
Impact of ASC 842— — (534)
Interest expense66,374 68,539 92,951 
Depreciation and amortization expense105,473 146,523 206,270 
Other components of net periodic pension (benefit) cost(14,829)42,236 53,161 
Impairment charges3,611 24,911 5,670 
Restructuring and integration expenses (1)
18,145 28,459 40,290 
Transaction costs (2)
25,059 20,999 6,081 
Stock-based compensation expense (benefit)8,094 (2,895)14,119 
(Gain) loss from remeasurement of indemnification asset(1)5,443 4,093 
Other4,283 (3,614)5,432 
Total Segment Adjusted EBITDA$350,523 $371,839 $481,099 
(1)During the year ended December 31, 2021, the Company incurred $4.7 million of severance expense, of which none was a result of the COVID-19 pandemic. During the year ended December 31, 2020, the Company incurred $11.7 million of severance expense, of which $5.0 million was a result of the COVID-19 pandemic. In addition, during the years ended December 31, 2021, 2020 and 2019, 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, 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:
Years Ended December 31,
(in thousands)202120202019
Marketing Services
PYP$365,966 $443,315 $605,952 
IYP239,531 280,750 339,416 
SEM129,606 167,770 232,345 
Other62,390 87,776 115,082 
Total Marketing Services$797,493 $979,611 $1,292,795 
SaaS
Thryv Platform$107,318 $100,548 $104,327 
Thryv Add-ons63,180 29,276 24,252 
Total SaaS$170,498 $129,824 $128,579 
Thryv International
PYP$46,859 $— $— 
IYP55,198 — — 
SEM18,966 — — 
Other23,814 — — 
Thryv Platform and Thryv Add-Ons554 — — 
Total Thryv International$145,391 $— $— 
Total Revenue$1,113,382 $1,109,435 $1,421,374 
Disaggregation of Revenue
The following table sets forth the Company's disaggregation of revenue based on services for the periods indicated:
Years Ended December 31,
(in thousands)202120202019
Marketing Services
PYP$365,966 $443,315 $605,952 
IYP239,531 280,750 339,416 
SEM129,606 167,770 232,345 
Other62,390 87,776 115,082 
Total Marketing Services$797,493 $979,611 $1,292,795 
SaaS
Thryv Platform$107,318 $100,548 $104,327 
Thryv Add-ons63,180 29,276 24,252 
Total SaaS$170,498 $129,824 $128,579 
Thryv International
PYP$46,859 $— $— 
IYP55,198 — — 
SEM18,966 — — 
Other23,814 — — 
Thryv Platform and Thryv Add-Ons554 — — 
Total Thryv International$145,391 $— $— 
Total Revenue$1,113,382 $1,109,435 $1,421,374 
Long-lived Assets by Geographic Areas
The following table sets forth the Company's total long-lived assets by geographical region:
(in thousands)December 31, 2021December 31, 2020
United States$149,878 $204,045 
Australia25,516 — 
Total long-lived assets$175,394 $204,045 
Percentage of long-lived assets held outside of the United States
15 %— %