XML 40 R29.htm IDEA: XBRL DOCUMENT v3.5.0.2
Segments (Tables)
6 Months Ended
Jun. 30, 2016
Segment Reporting [Abstract]  
Summary of Financial Information for the Company's Reportable Segments

The tables below summarize the financial information for the Company’s reportable segments for the three and six months ended June 30, 2016 and 2015.

 

 

 

Three months ended June 30,

 

 

Six months ended June 30,

 

 

 

2016

 

 

2015

 

 

2016

 

 

2015

 

Revenue

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Franchise segment revenue - U.S.

 

$

29,143

 

 

$

21,879

 

 

$

56,373

 

 

$

43,636

 

Franchise segment revenue - International

 

 

336

 

 

 

 

 

 

783

 

 

 

 

Franchise segment total

 

 

29,479

 

 

 

21,879

 

 

 

57,156

 

 

 

43,636

 

Corporate-owned stores - U.S.

 

 

25,306

 

 

 

24,270

 

 

 

50,004

 

 

 

47,513

 

Corporate-owned stores - International

 

 

1,077

 

 

 

705

 

 

 

2,076

 

 

 

1,008

 

Corporate-owned stores total

 

 

26,383

 

 

 

24,975

 

 

 

52,080

 

 

 

48,521

 

Equipment segment - U.S.

 

 

35,610

 

 

 

32,099

 

 

 

65,579

 

 

 

63,718

 

Equipment segment total

 

 

35,610

 

 

 

32,099

 

 

 

65,579

 

 

 

63,718

 

Total revenue

 

$

91,472

 

 

$

78,953

 

 

$

174,815

 

 

$

155,875

 

 

 

 

Three months ended June 30,

 

 

Six months ended June 30,

 

 

 

2016

 

 

2015

 

 

2016

 

 

2015

 

Segment EBITDA

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Franchise

 

$

24,682

 

 

$

17,704

 

 

$

48,494

 

 

$

31,282

 

Corporate-owned stores

 

 

9,547

 

 

 

9,288

 

 

 

19,709

 

 

 

17,086

 

Equipment

 

 

7,859

 

 

 

7,242

 

 

 

14,177

 

 

 

14,005

 

Corporate and other

 

 

(6,739

)

 

 

(7,658

)

 

 

(13,324

)

 

 

(14,030

)

Total Segment EBITDA

 

$

35,349

 

 

$

26,576

 

 

$

69,056

 

 

$

48,343

 

 

Reconciliation of Total Segment EBITDA to Income Before Income Taxes

The following table reconciles total Segment EBITDA to income before income taxes:

 

 

 

Three months ended June 30,

 

 

Six months ended June 30,

 

 

 

2016

 

 

2015

 

 

2016

 

 

2015

 

Total Segment EBITDA

 

$

35,349

 

 

$

26,576

 

 

$

69,056

 

 

$

48,343

 

Less:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Depreciation and amortization

 

 

7,678

 

 

 

7,983

 

 

 

15,382

 

 

 

16,184

 

Other (expense) income

 

 

(160

)

 

 

(76

)

 

 

234

 

 

 

(812

)

Income from operations

 

 

27,831

 

 

 

18,669

 

 

 

53,440

 

 

 

32,971

 

Interest expense, net

 

 

(6,161

)

 

 

(6,560

)

 

 

(12,528

)

 

 

(11,316

)

Other (expense) income

 

 

(160

)

 

 

(76

)

 

 

234

 

 

 

(812

)

Income before income taxes

 

$

21,510

 

 

$

12,033

 

 

$

41,146

 

 

$

20,843

 

 

Summary of Company's Assets by Reportable Segment

The following table summarizes the Company’s assets by reportable segment:

 

 

 

June 30, 2016

 

 

December 31, 2015

 

Franchise

 

$

213,274

 

 

$

206,997

 

Corporate-owned stores

 

 

155,975

 

 

 

151,620

 

Equipment

 

 

198,740

 

 

 

208,168

 

Unallocated

 

 

211,422

 

 

 

132,392

 

Total consolidated assets

 

$

779,411

 

 

$

699,177

 

 

Summary of Company's Goodwill by Reportable Segment

The following table summarizes the Company’s goodwill by reportable segment:

 

 

 

June 30, 2016

 

 

December 31, 2015

 

Franchise

 

$

16,938

 

 

$

16,938

 

Corporate-owned stores

 

 

67,377

 

 

 

67,377

 

Equipment

 

 

92,666

 

 

 

92,666

 

Consolidated goodwill

 

$

176,981

 

 

$

176,981