Segment Information (Tables) - Cardtronics Delaware

6 Months Ended

Jun. 30, 2016

Reconciliation Of Adjusted EBITA and Adjusted EBITDA to Net Income

	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2016		2015		2016		2015
	(In thousands)
Adjusted EBITA	$	58,613	$	52,301	$	109,094	$	99,697
Add back:
Depreciation and accretion expense (1)		23,093		21,699		45,762		41,754
Adjusted EBITDA	$	81,706	$	74,000	$	154,856	$	141,451
Less:
(Gain) loss on disposal of assets		(1,326)		247		(944)		(286)
Other expense (2)		943		755		388		1,815
Noncontrolling interests (3)		(17)		(286)		(35)		(711)
Stock-based compensation expense (4)		5,970		5,015		9,138		9,211
Acquisition and divestiture-related expenses (5)		674		5,560		2,258		7,918
Redomicile-related expenses (6)		5,214		—		11,250		—
EBITDA	$	70,248	$	62,709	$	132,801	$	123,504
Less:
Interest expense, net, including amortization of deferred financing costs and note discount		7,448		7,570		14,722		15,059
Income tax expense		9,861		8,744		17,816		17,208
Depreciation and accretion expense		23,100		21,903		45,777		42,015
Amortization of intangible assets		9,691		9,495		18,954		18,992
Net income attributable to controlling interests and available to common stockholders	$	20,148	$	14,997	$	35,532	$	30,230

⁽¹⁾ Amounts exclude a portion of the expenses incurred by the Company’s Mexico subsidiary to account for the amounts allocable to the noncontrolling interest stockholders. In December 2015, the Company increased its ownership interest in its Mexico subsidiary.

⁽²⁾ Includes foreign currency translation gains/losses, other non-operating costs, and in the three and six months ended June 30, 2016, approximately $0.4 million related to the effective termination of an interest rate swap.

⁽³⁾ Noncontrolling interest adjustment made such that Adjusted EBITDA includes only the Company’s ownership interest in the Adjusted EBITDA of its Mexico subsidiary. In December 2015, the Company increased its ownership interest in its Mexico subsidiary from 51.0% to 95.7%.

⁽⁴⁾ For the three and six months ended June 30, 2015, amounts exclude a portion of the expenses incurred by the Company’s Mexico subsidiary to account for the amounts allocable to the noncontrolling interest stockholders. The Company’s Mexico subsidiary recognized no stock-based compensation expense for the three and six months ended June 30, 2016.

⁽⁵⁾ Acquisition and divestiture-related expenses include costs incurred for professional and legal fees and certain transition and integration-related costs, including employee-related severance costs related to specific transactions.

⁽⁶⁾ For the three and six months ended June 30, 2016, the Company incurred $5.2 million and $11.3 million, respectively, in expenses associated with its redomicile of its parent company to the U.K., which was completed on July 1, 2016.

Financial Information For Each Of The Company's Reporting Segments

	Three Months Ended June 30, 2016
	North America		Europe		Corporate & Other		Eliminations		Total
	(In thousands)
Revenue from external customers	$	220,467	$	96,784	$	6,710	$	—	$	323,961
Intersegment revenues		—		331		5,954		(6,285)		—
Cost of revenues		145,633		61,784		9,198		(6,285)		210,330
Selling, general, and administrative expenses		15,042		8,961		13,909		—		37,912
Redomicile-related expenses		—		—		5,214		—		5,214
Acquisition and divestiture-related expenses		312		355		7		—		674
Loss (gain) on disposal of assets		412		(1,738)		—		—		(1,326)
Adjusted EBITDA		59,797		26,370		(4,476)		15		81,706
Depreciation and accretion expense		12,006		9,361		1,733		—		23,100
Adjusted EBITA		47,789		17,009		(6,209)		24		58,613
Capital expenditures (1)	$	12,049	$	10,749	$	322	$	—	$	23,120

	Three Months Ended June 30, 2015
	North America		Europe		Corporate & Other		Eliminations		Total
	(In thousands)
Revenue from external customers	$	204,158	$	99,588	$	—	$	—	$	303,746
Intersegment revenues		—		366		5,461		(5,827)		—
Cost of revenues		130,837		70,821		4,711		(5,827)		200,542
Selling, general, and administrative expenses		15,531		8,358		10,301		—		34,190
Acquisition and divestiture-related expenses		2,562		2,994		4		—		5,560
Loss on disposal of assets		231		16		—		—		247
Adjusted EBITDA		57,802		20,773		(4,553)		(22)		74,000
Depreciation and accretion expense		11,995		8,924		984		—		21,903
Adjusted EBITA		44,823		11,849		(4,553)		182		52,301
Capital expenditures (1)	$	18,175	$	6,565	$	—	$	—	$	24,740

	Six Months Ended June 30, 2016
	North America		Europe		Corporate & Other		Eliminations		Total
	(In thousands)
Revenue from external customers	$	430,559	$	184,430	$	12,219	$	—	$	627,208
Intersegment revenues		—		665		11,583		(12,248)		—
Cost of revenues		281,771		119,649		17,031		(12,248)		406,203
Selling, general, and administrative expenses		30,249		18,105		26,957		—		75,311
Redomicile-related expenses		—		12		11,238		—		11,250
Acquisition and divestiture-related expenses		857		921		480		—		2,258
Loss (gain) on disposal of assets		757		(1,701)		—		—		(944)
Adjusted EBITDA		118,550		47,346		(11,057)		17		154,856
Depreciation and accretion expense		24,002		18,457		3,318		—		45,777
Adjusted EBITA		94,546		28,889		(14,376)		35		109,094
Capital expenditures (1)	$	19,510	$	19,434	$	627	$	—	$	39,571

	Six Months Ended June 30, 2015
	North America		Europe		Corporate & Other		Eliminations		Total
	(In thousands)
Revenue from external customers	$	400,435	$	185,212	$	—	$	—	$	585,647
Intersegment revenues		—		708		10,262		(10,970)		—
Cost of revenues		257,413		132,850		9,049		(10,970)		388,342
Selling, general, and administrative expenses		29,385		15,876		19,809		—		65,070
Acquisition and divestiture-related expenses		3,150		4,739		29		—		7,918
Loss (gain) on disposal of assets		1,283		(1,569)		—		—		(286)
Adjusted EBITDA		113,664		37,199		(9,418)		6		141,451
Depreciation and accretion expense		23,402		16,935		1,678		—		42,015
Adjusted EBITA		88,584		20,263		(9,418)		268		99,697
Capital expenditures (1)	$	31,189	$	25,229	$	—	$	—	$	56,418

⁽¹⁾ Capital expenditure amounts include payments made for exclusive license agreements, site acquisition costs, and other intangible assets. Additionally, capital expenditure amounts for Mexico (included in the North America segment) are reflected gross of any noncontrolling interest amounts.

Identifiable Assets

	June 30, 2016		December 31, 2015
	(In thousands)
North America	$	848,372	$	870,445
Europe		355,948		382,920
Corporate & Other		62,591		66,570
Total	$	1,266,911	$	1,319,935