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Segments
 6 Months Ended
Jun. 30, 2022
Segment Reporting [Abstract]  
Segments Segments
The Company has three reportable segments: (i) Franchise; (ii) Corporate-owned stores; and (iii) Equipment.  
The Company’s operations are organized and managed by type of products and services and segment information is reported accordingly. The Company’s chief operating decision maker (the “CODM”) is its Chief Executive Officer. The CODM reviews financial performance and allocates resources by reportable segment. There have been no operating segments aggregated to arrive at the Company’s reportable segments.
The Franchise segment includes operations related to the Company’s franchising business in the United States, Puerto Rico, Canada, Panama, Mexico and Australia, including revenues and expenses from the NAF. The Corporate-owned stores segment includes operations with respect to all corporate-owned stores throughout the United States and Canada. The Equipment segment primarily includes the sale of equipment to franchisee-owned stores.
The accounting policies of the reportable segments are the same as those described in Note 2. The Company evaluates the performance of its segments and allocates resources to them based on revenue and earnings before interest, taxes, depreciation, and amortization, referred to as Segment EBITDA. Revenues for all operating segments include only transactions with unaffiliated customers and include no intersegment revenues.
The tables below summarize the financial information for the Company’s reportable segments for the three and six months ended June 30, 2022 and 2021. 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,
 2022202120222021
Revenue  
Franchise segment revenue - U.S.$80,304 $72,402 $158,738 $135,746 
Franchise segment revenue - International2,239 447 3,889 1,164 
Franchise segment total82,543 72,849 162,627 136,910 
Corporate-owned stores - U.S.100,314 40,507 175,715 78,307 
Corporate-owned stores - International1,139 72 1,895 149 
Corporate-owned stores total101,453 40,579 177,610 78,456 
Equipment segment - U.S.34,040 23,336 63,830 33,275 
Equipment segment - International6,406 487 7,051 487 
Equipment segment total40,446 23,823 70,881 33,762 
Total revenue$224,442 $137,251 $411,118 $249,128 
Franchise segment revenue includes franchise revenue, NAF revenue, and commission income.
Franchise revenue includes revenue generated from placement services of $3,387 and $1,712 for the three months ended June 30, 2022 and 2021, respectively, and $5,726 and $2,491 for the six months June 30, 2022 and 2021, respectively.
 Three months ended
June 30,		Six months ended
June 30,
 2022202120222021
Segment EBITDA  
Franchise$54,329 $51,756 $114,435 $92,936 
Corporate-owned stores39,477 10,372 62,841 21,062 
Equipment10,182 5,608 18,835 7,438 
Corporate and other(16,670)(12,595)(30,601)(21,250)
Total Segment EBITDA$87,318 $55,141 $165,510 $100,186 
 
The following table reconciles total Segment EBITDA to income before taxes:
 Three months ended
June 30,		Six months ended
June 30,
 2022202120222021
Total Segment EBITDA$87,318 $55,141 $165,510 $100,186 
Less:
Depreciation and amortization32,172 15,036 57,855 30,510 
Other income (expense)148 (147)4,238 18 
Equity earnings (losses) of unconsolidated entities, net of tax(94)— (332)— 
Income from operations55,092 40,252 103,749 69,658 
Interest income474 195 683 412 
Interest expense(21,979)(20,125)(44,610)(40,369)
Other income (expense)148 (147)4,238 18 
Income before income taxes$33,735 $20,175 $64,060 $29,719 
The following table summarizes the Company’s assets by reportable segment: 
 June 30, 2022December 31, 2021
Franchise$178,555 $172,822 
Corporate-owned stores1,616,078 516,714 
Equipment197,857 193,983 
Unallocated891,596 1,132,464 
Total consolidated assets$2,884,086 $2,015,983 
The table above includes $1,115 and $1,203 of long-lived assets located in the Company’s international corporate-owned stores as of June 30, 2022 and December 31, 2021, respectively. All other assets are located in the U.S.
The following table summarizes the Company’s goodwill by reportable segment: 
 June 30, 2022December 31, 2021
Franchise$16,938 $16,938 
Corporate-owned stores604,549 118,965 
Equipment92,666 92,666 
Consolidated goodwill$714,153 $228,569