17. Segment Reporting

The Company has identified reportable segments as those consolidated subsidiaries that represent 10% or more of its net sales, EBITDA (as defined below) or total assets, or when the Company believes information about the segment would be useful to the readers of the financial statements. The Company’s chief operating decision maker is its Chief Executive Officer who is charged with management of the Company and is responsible for the evaluation of operating performance and decision making about the allocation of resources to operating segments based on measures, such as net sales and EBITDA.

EBITDA is the primary measure used by the Company’s chief operating decision maker to evaluate segment operating performance. As the Company uses the term, EBITDA is defined as income before interest expense, income taxes, depreciation and amortization. The Company’s chief operating decision maker believes EBITDA is a meaningful measure and is useful as a supplement to GAAP measures as it represents a transparent view of the Company’s operating performance that is unaffected by fluctuations in property, equipment and leasehold improvement additions. The Company’s chief operating decision maker uses EBITDA to perform periodic reviews and comparison of operating trends and to identify strategies to improve the allocation of resources amongst segments.

As of June 30, 2020, the Company’s reportable segments were as follows:

 Debit and Credit,

 Prepaid Debit, and

 Other.

The Other category includes the Company’s corporate office and, for the three and six months ended June 30, 2019, a less significant operating segment that historically derived its revenue from the production of financial payment cards and retail gift cards in Canada. The Company’s Canadian subsidiary was sold on April 1, 2019. The sale did not include the portions of the business relating to Financial Payment Cards, as those business customers of the Canadian subsidiary migrated to the Company’s operations in the Debit and Credit segment or to other service providers in 2019.

Performance Measures of Reportable Segments

Net Sales and EBITDA of the Company’s reportable segments for the three and six months ended June 30, 2020 and 2019, were as follows:


	Net Sales
	Three Months Ended June 30,				Six Months Ended June 30,
	2020		2019		2020		2019
Debit and Credit	$	58,306	$	51,086	$	118,145	$	100,015
Prepaid Debit		13,536		15,966		28,076		32,710
Other		—		—		—		1,679
Intersegment eliminations		(464)		(151)		(874)		(637)
Total	$	71,378	$	66,901	$	145,347	$	133,767


	EBITDA
	Three Months Ended June 30,				Six Months Ended June 30,
	2020		2019		2020		2019
Debit and Credit	$	10,593	$	10,590	$	25,673	$	20,970
Prepaid Debit		3,982		5,880		8,642		11,659
Other		(7,947)		(3,435)		(15,921)		(11,741)
Total	$	6,628	$	13,035	$	18,394	$	20,888

The following table provides a reconciliation of total segment EBITDA from continuing operations to net income (loss) from continuing operations for the three and six months ended June 30, 2020 and 2019:


	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2020		2019		2020		2019
Total segment EBITDA from continuing operations	$	6,628	$	13,035	$	18,394	$	20,888
Interest, net		(6,772)		(6,438)		(12,860)		(12,762)
Income tax benefit (expense)		4,414		(777)		5,357		(1,180)
Depreciation and amortization		(4,154)		(4,268)		(8,332)		(8,491)
Net income (loss) from continuing operations	$	116	$	1,552	$	2,559	$	(1,545)

Balance Sheet Data of Reportable Segments

Total assets of the Company’s reportable segments at June 30, 2020 and December 31, 2019, were as follows:


	June 30, 2020		December 31, 2019

Debit and Credit	$	205,266	$	176,496
Prepaid Debit		27,238		25,259
Other		14,000		11,732
Total assets	$	246,504	$	213,487

Net Sales to Geographic Locations, Property, Equipment and Leasehold Improvements and Long-Lived Assets

Subsequent to the sale of the Company’s U.K. Limited segment and reclassification to discontinued operations, and the sale of the Company’s Canada operations on April 1, 2019, the Company’s Net Sales, Property, Equipment and Leasehold Improvements, and Long-Lived assets relating to geographic locations outside of the United States is insignificant.