Segments (Tables)

9 Months Ended

Sep. 30, 2019

Segment Reporting [Abstract]

Summary of Financial Information for the Company's Reportable Segments

	Three months ended September 30,						Nine months ended September 30,
	2019			2018			2019			2018
Segment EBITDA
Franchise	$	44,328		$	37,075		$	141,548		$	113,793
Corporate-owned stores	16,799			15,279			50,505			42,115
Equipment	13,741			9,654			40,920			28,579
Corporate and other	(10,036		)	(9,599		)	(33,968		)	(27,576		)
Total Segment EBITDA	$	64,832		$	52,409		$	199,005		$	156,911

The tables below summarize the financial information for the Company’s reportable segments for the three and nine months ended September 30, 2019 and 2018. The “Corporate and other” category, as it relates to Segment EBITDA, primarily includes corporate overhead costs, such as payroll and related benefit costs and professional services which are not directly attributable to any individual segment.

 

	Three months ended September 30,				Nine months ended September 30,
	2019		2018		2019		2018
Revenue
Franchise segment revenue - U.S.	$	65,494	$	53,528	$	200,111	$	164,225
Franchise segment revenue - International	1,215		1,294		4,172		3,359
Franchise segment total	66,709		54,822		204,283		167,584
Corporate-owned stores - U.S.	39,637		34,323		115,178		99,020
Corporate-owned stores - International	1,105		1,083		3,303		3,345
Corporate-owned stores total	40,742		35,406		118,481		102,365
Equipment segment - U.S.	59,364		46,428		174,528		128,589
Equipment segment total	59,364		46,428		174,528		128,589
Total revenue	$	166,815	$	136,656	$	497,292	$	398,538

Reconciliation of Total Segment EBITDA to Income Before Taxes

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

	Three months ended September 30,						Nine months ended September 30,
	2019			2018			2019			2018
Total Segment EBITDA	$	64,832		$	52,409		$	199,005		$	156,911
Less:
Depreciation and amortization	11,832			8,863			32,316			25,947
Other expense	(61		)	(27		)	(4,824		)	(338		)
Income from operations	53,061			43,573			171,513			131,302
Interest income	1,808			2,025			5,585			2,480
Interest expense	(14,807		)	(17,909		)	(44,192		)	(35,725		)
Other expense	(61		)	(27		)	(4,824		)	(338		)
Income before income taxes	$	40,001		$	27,662		$	128,082		$	97,719

Summary of Company's Assets by Reportable Segment

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

	September 30, 2019		December 31, 2018
Franchise	$	189,192	$	185,899
Corporate-owned stores	390,101		243,221
Equipment	195,022		210,462
Unallocated	645,917		713,834
Total consolidated assets	$	1,420,232	$	1,353,416

Summary of Company's Goodwill by Reportable Segment

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

	September 30, 2019		December 31, 2018
Franchise	$	16,938	$	16,938
Corporate-owned stores	97,148		89,909
Equipment	92,666		92,666
Consolidated goodwill	$	206,752	$	199,513