XML 33 R21.htm IDEA: XBRL DOCUMENT v3.22.2
Segment and Geographic Area Information
6 Months Ended
Jun. 30, 2022
Segment and Geographic Area Information  
Segment and Geographic Area Information

13. Segment and Geographic Area Information

The Company’s operating segments are significant strategic business units that align its products and services with how it manages its business, approaches the markets and interacts with customers. The Company is organized into three segments: ITPS, HS, and LLPS.

ITPS: The ITPS segment provides a wide range of solutions and services designed to aid businesses in information capture, processing, decisioning and distribution to customers primarily in the financial services, commercial, public sector and legal industries.

HS: The HS segment operates and maintains a consulting and outsourcing business specializing in both the healthcare provider and payer markets.

LLPS: The LLPS segment provides a broad and active array of legal services in connection with class action, bankruptcy, labor claims adjudication and employment and other legal matters.

The chief operating decision maker reviews segment profit to evaluate operating segment performance and determine how to allocate resources to operating segments. “Segment profit” is defined as revenue less cost of revenue (exclusive of depreciation and amortization). The Company does not allocate Selling, general, and administrative

expenses, depreciation and amortization, interest expense and sundry, net. The Company manages assets on a total company basis, not by operating segment, and therefore asset information and capital expenditures by operating segments are not presented. A reconciliation of segment profit to net loss before income taxes is presented below.

Three months ended June 30, 2022

    

ITPS

    

HS

    

LLPS

    

Total

Revenue

$

190,005

$

56,390

$

20,375

$

266,770

Cost of revenue (exclusive of depreciation and amortization)

 

156,704

 

45,719

 

14,854

 

217,277

Segment profit

33,301

10,671

5,521

49,493

Selling, general and administrative expenses (exclusive of depreciation and amortization)

 

50,195

Depreciation and amortization

 

17,993

Related party expense

 

2,186

Interest expense, net

 

42,271

Debt modification and extinguishment costs (gain), net

 

8,117

Sundry income, net

 

(741)

Other expense, net

 

7,375

Net loss before income taxes

 

$

(77,903)

Three months ended June 30, 2021

    

ITPS

    

HS

    

LLPS

    

Total

Revenue

$

217,260

$

56,204

$

19,545

$

293,009

Cost of revenue (exclusive of depreciation and amortization)

 

156,669

 

38,973

 

13,438

 

209,080

Segment profit

60,591

17,231

6,107

83,929

Selling, general and administrative expenses (exclusive of depreciation and amortization)

 

36,390

Depreciation and amortization

 

19,420

Related party expense

 

2,748

Interest expense, net

 

42,867

Sundry income, net

 

(787)

Other expense, net

 

651

Net loss before income taxes

 

$

(17,360)

Six months ended June 30, 2022

    

ITPS

    

HS

    

LLPS

    

Total

Revenue

$

395,012

$

112,986

$

38,170

$

546,168

Cost of revenue (exclusive of depreciation and amortization)

320,290

 

92,450

 

28,041

440,781

Segment profit

74,722

20,536

10,129

105,387

Selling, general and administrative expenses (exclusive of depreciation and amortization)

93,235

Depreciation and amortization

36,205

Related party expense

4,173

Interest expense, net

82,031

Debt modification and extinguishment costs (gain), net

9,001

Sundry income, net

(434)

Other expense, net

13,534

Net loss before income taxes

$

(132,358)

Six months ended June 30, 2021

    

ITPS

    

HS

    

LLPS

    

Total

Revenue

$

449,135

$

107,297

$

36,633

$

593,065

Cost of revenue (exclusive of depreciation and amortization)

342,171

74,791

24,705

441,667

Segment profit

106,964

32,506

11,928

151,398

Selling, general and administrative expenses (exclusive of depreciation and amortization)

78,275

Depreciation and amortization

39,019

Related party expense

4,455

Interest expense, net

85,998

Sundry income, net

(574)

Other expense, net

803

Net loss before income taxes

$

(56,578)