Segment Reporting (Tables)

3 Months Ended

Mar. 31, 2024

Segment Reporting

Schedule of revenue and EBITDA of the company's reportable segments

	Three Months Ended March 31, 2024
	Debit and Credit		Prepaid Debit		Other		Intersegment Eliminations		Total
Net sales	$	87,973	$	24,198	$	—	$	(235)	$	111,936
Cost of sales		56,478		14,175		—		(235)		70,418
Gross profit		31,495		10,023		—		—		41,518
Operating expenses		8,741		1,278		17,354		—		27,373
Income (loss) from operations	$	22,754	$	8,745	$	(17,354)	$	—	$	14,145
EBITDA by segment:
Income (loss) from operations	$	22,754	$	8,745	$	(17,354)	$	—	$	14,145
Depreciation and amortization		2,150		871		996		—		4,017
Other income (expense)		(62)		(1)		(2)		—		(65)
EBITDA	$	24,842	$	9,615	$	(16,360)	$	—	$	18,097
	Three Months Ended March 31, 2023
	Debit and Credit		Prepaid Debit		Other		Intersegment Eliminations		Total
Net sales	$	101,985	$	19,130	$	—	$	(263)	$	120,852
Cost of sales		63,801		14,220		—		(263)		77,758
Gross profit		38,184		4,910		—		—		43,094
Operating expenses		8,158		1,233		13,105		—		22,496
Income (loss) from operations	$	30,026	$	3,677	$	(13,105)	$	—	$	20,598
EBITDA by segment:
Income (loss) from operations	$	30,026	$	3,677	$	(13,105)	$	—	$	20,598
Depreciation and amortization		2,161		624		1,019		—		3,804
Other income (expense)		5		—		(119)		—		(114)
EBITDA	$	32,192	$	4,301	$	(12,205)	$	—	$	24,288

Schedule of reconciliation of total segment EBITDA to income before taxes

	Three Months Ended March 31,
	2024		2023
Net income	$	5,455	$	10,873
Interest, net		6,425		6,781
Income tax expense		2,200		2,830
Depreciation and amortization		4,017		3,804
EBITDA	$	18,097	$	24,288