Segments (Tables)

3 Months Ended

Mar. 31, 2020

Segment Reporting [Abstract]

Summary of Financial Information for the Company's Reportable Segments

	Three months ended March 31,
	2020			2019
Segment EBITDA
Franchise	$	36,746		$	47,360
Corporate-owned stores	12,007			15,569
Equipment	6,367			10,407
Corporate and other	(8,748		)	(13,562		)
Total Segment EBITDA	$	46,372		$	59,774

The tables below summarize the financial information for the Company’s reportable segments for the three months ended March 31, 2020 and 2019. 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 March 31,
	2020		2019
Revenue
Franchise segment revenue - U.S.	$	57,342	$	64,396
Franchise segment revenue - International	1,187		1,366
Franchise segment total	58,529		65,762
Corporate-owned stores - U.S.	39,566		36,949
Corporate-owned stores - International	950		1,095
Corporate-owned stores total	40,516		38,044
Equipment segment - U.S.	28,186		45,011
Equipment segment total	28,186		45,011
Total revenue	$	127,231	$	148,817

Reconciliation of Total Segment EBITDA to Income Before Taxes

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

	Three months ended March 31,
	2020			2019
Total Segment EBITDA	$	46,372		$	59,774
Less:
Depreciation and amortization	12,792			9,907
Other expense	(687		)	(3,318		)
Income from operations	34,267			53,185
Interest income	1,927			1,798
Interest expense	(20,240		)	(14,749		)
Other expense	(687		)	(3,318		)
Income before income taxes	$	15,267		$	36,916

Summary of Company's Assets by Reportable Segment

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

	March 31, 2020		December 31, 2019
Franchise	$	203,930	$	193,504
Corporate-owned stores	477,501		471,234
Equipment	187,700		197,656
Unallocated	1,006,505		854,796
Total consolidated assets	$	1,875,636	$	1,717,190

Summary of Company's Goodwill by Reportable Segment

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

	March 31, 2020		December 31, 2019
Franchise	$	16,938	$	16,938
Corporate-owned stores	118,217		118,217
Equipment	92,666		92,666
Consolidated goodwill	$	227,821	$	227,821