Segment Reporting (Tables)

12 Months Ended

Dec. 31, 2024

Segment Reporting

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

	Year Ended December 31, 2024
	Debit and Credit		Prepaid Debit		Other		Intersegment Eliminations		Total
Net sales
Products	$	251,146	$	—	$	—	$	(1,138)	$	250,008
Services		124,115		106,541		—		(63)		230,593
Total net sales		375,261		106,541		—		(1,201)		480,601
Cost of sales
Products(1)		167,174		—		—		(1,138)		166,036
Services(1)		72,255		59,760		—		(63)		131,952
Depreciation and amortization		7,737		3,657		—		—		11,394
Total cost of sales		247,166		63,417		—		(1,201)		309,382
Gross profit		128,095		43,124		—		—		171,219
Operating expenses		35,239		5,923		67,265		—		108,427
Income (loss) from operations	$	92,856	$	37,201	$	(67,265)	$	—	$	62,792
EBITDA by segment:
Income (loss) from operations	$	92,856	$	37,201	$	(67,265)	$	—	$	62,792
Depreciation and amortization		8,854		3,896		3,670		—		16,420
Other income (expense)		(82)		(10)		(3,586)		—		(3,678)
EBITDA	$	101,628	$	41,087	$	(67,181)	$	—	$	75,534
Gross profit margin		34.1%		40.5%		*		*		35.6%
EBITDA margin		27.1%		38.6%		*		*		15.7%

* Calculation not meaningful.

(1) Exclusive of depreciation and amortization.

	Year Ended December 31, 2023
	Debit and Credit		Prepaid Debit		Other		Intersegment Eliminations		Total
Net sales
Products	$	250,047	$	—	$	—	$	(693)	$	249,354
Services		111,010		84,237		—		(54)		195,193
Total net sales		361,057		84,237		—		(747)		444,547
Cost of sales
Products(1)		162,067		—		—		(693)		161,374
Services(1)		64,461		52,990		—		(54)		117,397
Depreciation and amortization		7,753		2,534		—		—		10,287
Total cost of sales		234,281		55,524		—		(747)		289,058
Gross profit		126,776		28,713		—		—		155,489
Operating expenses		31,870		3,786		58,243		—		93,899
Income (loss) from operations	$	94,906	$	24,927	$	(58,243)	$	—	$	61,590
EBITDA by segment:
Income (loss) from operations	$	94,906	$	24,927	$	(58,243)	$	—	$	61,590
Depreciation and amortization		9,025		2,860		4,046		—		15,931
Other income (expense)		29		(1)		(243)		—		(215)
EBITDA	$	103,960	$	27,786	$	(54,440)	$	—	$	77,306
Gross profit margin		35.1%		34.1%		*		*		35.0%
EBITDA margin		28.8%		33.0%		*		*		17.4%

* Calculation not meaningful.

(1) Exclusive of depreciation and amortization.

Schedule of reconciliation of total segment EBITDA to income before taxes

	December 31,
	2024		2023
Net income	$	19,521	$	23,985
Interest, net		34,087		26,913
Income tax expense		5,506		10,477
Depreciation and amortization		16,420		15,931
EBITDA	$	75,534	$	77,306

Schedule of total assets of the company's reportable segments

	December 31,
	2024		2023
Debit and Credit	$	248,970	$	235,680
Prepaid Debit		60,621		38,265
Other		40,066		19,738
Total assets	$	349,657	$	293,683

Total capital expenditures of the Company's reportable segments

	December 31,
	2024		2023
Debit and Credit	$	6,921	$	5,116
Prepaid Debit		2,319		963
Other		17		326
Total capital expenditures	$	9,257	$	6,405