Segments (Tables)

6 Months Ended

Jun. 30, 2020

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, 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 June 30,				Six months ended June 30,
	2020		2019		2020		2019
Revenue
Franchise segment revenue - U.S.	$	20,819	$	70,221	$	78,161	$	134,618
Franchise segment revenue - International	183		1,591		1,370		2,956
Franchise segment total	21,002		71,812		79,531		137,574
Corporate-owned stores - U.S.	9,244		38,592		48,810		75,541
Corporate-owned stores - International	175		1,103		1,125		2,198
Corporate-owned stores total	9,419		39,695		49,935		77,739
Equipment segment - U.S.	9,813		70,154		37,998		115,165
Equipment segment total	9,813		70,154		37,998		115,165
Total revenue	$	40,234	$	181,661	$	167,464	$	330,478

	Three months ended June 30,						Six months ended June 30,
	2020			2019			2020			2019
Segment EBITDA
Franchise	$	3,529		$	49,860		$	40,275		$	97,220
Corporate-owned stores	(6,342		)	18,137			5,665			33,706
Equipment	1,311			16,772			7,677			27,179
Corporate and other	(8,285		)	(10,370		)	(17,031		)	(23,932		)
Total Segment EBITDA	$	(9,787	)	$	74,399		$	36,586		$	134,173

Reconciliation of Total Segment EBITDA to (Loss) Income Before Taxes

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

	Three months ended June 30,						Six months ended June 30,
	2020			2019			2020			2019
Total Segment EBITDA	$	(9,787	)	$	74,399		$	36,586		$	134,173
Less:
Depreciation and amortization	13,008			10,577			25,800			20,484
Other expense	(73		)	(1,444		)	(760		)	(4,762		)
(Loss) income from operations	(22,722		)	65,266			11,546			118,451
Interest income	359			1,979			2,286			3,777
Interest expense	(20,467		)	(14,636		)	(40,708		)	(29,385		)
Other expense	(73		)	(1,444		)	(760		)	(4,762		)
(Loss) income before income taxes	$	(42,903	)	$	51,165		$	(27,636	)	$	88,081

Summary of Company's Assets by Reportable Segment

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

	June 30, 2020		December 31, 2019
Franchise	$	178,107	$	193,504
Corporate-owned stores	468,764		471,234
Equipment	171,118		197,656
Unallocated	982,048		854,796
Total consolidated assets	$	1,800,037	$	1,717,190

Summary of Company's Goodwill by Reportable Segment

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

	June 30, 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