Segment Information (Tables)

9 Months Ended

Sep. 30, 2017

Reconciliation of Net Income to EBITDA and Adjusted EBITA


	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2017		2016		2017		2016
	(In thousands)
Net (loss) income attributable to controlling interests and available to common shareholders	$	(175,561)	$	27,490	$	(161,304)	$	63,022
Adjustments:
Interest expense, net		9,743		4,269		25,760		13,227
Amortization of deferred financing costs and note discount		3,195		2,872		9,317		8,636
Income tax (benefit) expense		(4,053)		8,388		(2,335)		26,204
Depreciation and accretion expense		29,807		23,308		88,683		69,085
Amortization of intangible assets		14,996		9,175		45,423		28,129
EBITDA	$	(121,873)	$	75,502	$	5,544	$	208,303
Add back:
Loss (gain) on disposal and impairment of assets		22,307		469		26,170		(475)
Other (income) expense (1)		(2,095)		360		(1,730)		748
Noncontrolling interests (2)		(9)		(15)		(19)		(50)
Share-based compensation expense		4,151		6,642		9,971		15,780
Acquisition and divestiture-related expenses (3)		2,889		2,680		15,338		4,938
Goodwill and intangible asset impairment(4)		194,521		—		194,521		—
Redomicile-related expenses (5)		22		951		782		12,201
Restructuring expenses (6)		—		—		8,243		—
Adjusted EBITDA	$	99,913	$	86,589	$	258,820	$	241,445
Less:
Depreciation and accretion expense (7)		29,805		23,301		88,677		69,063
Adjusted EBITA	$	70,108	$	63,288	$	170,143	$	172,382

⁽¹⁾

Includes foreign currency translation gains/losses, the revaluation of the estimated acquisition-related contingent consideration payable, and other non-operating costs.

⁽²⁾

Noncontrolling interests adjustment made such that Adjusted EBITDA includes only the Company’s ownership interest in the Adjusted EBITDA of one of its Mexican subsidiaries.

⁽³⁾

Acquisition and divestiture-related expenses include costs incurred for professional and legal fees and certain other transition and integration-related costs.

⁽⁴⁾

Goodwill and intangible asset impairments related to the Company’s Australia & New Zealand segment.

⁽⁵⁾

Expenses associated with the Company’s redomicile of its parent company to the U.K., which was completed on July 1, 2016.

⁽⁶⁾

Expenses primarily related to employee severance costs associated with the Company’s Restructuring Plan implemented in the first quarter of 2017.

⁽⁷⁾

Amounts exclude a portion of the expenses incurred by one of the Company’s Mexican subsidiaries to account for the amounts allocable to the noncontrolling interest shareholders.

Financial Information For Each Of The Company's Reporting Segments


	Three Months Ended September 30, 2017
	North America		Europe & Africa (1)		Australia & New Zealand (2)		Corporate		Eliminations		Total

	(In thousands)
Revenue from external customers	$	257,258	$	109,259	$	35,433	$	—	$	—	$	401,950
Intersegment revenues		2,360		326		—		—		(2,686)		—
Cost of revenues		170,948		65,189		24,907		797		(1,785)		260,056
Selling, general, and administrative expenses		17,273		9,799		2,282		16,778		—		46,132
Redomicile-related expenses		—		13		—		9		—		22
Acquisition and divestiture-related expenses		95		(245)		442		2,597		—		2,889
Goodwill and intangible asset impairment		—		—		194,521		—		—		194,521
Loss on disposal and impairment of assets		479		160		21,668		—		—		22,307

Adjusted EBITDA		71,397		34,596		8,237		(13,423)		(894)		99,913

Depreciation and accretion expense		16,415		11,476		1,916		—		—		29,807
Adjusted EBITA		54,984		23,120		6,321		(13,423)		(894)		70,108

Capital expenditures (3)	$	20,658	$	19,604	$	1,294	$	—	$	—	$	41,556


	Three Months Ended September 30, 2016
	North America		Europe & Africa (1)		Corporate		Eliminations		Total
	(In thousands)
Revenue from external customers	$	233,149	$	95,185	$	—	$	—	$	328,334
Intersegment revenues		2,273		378		—		(2,651)		—
Cost of revenues		151,685		58,907		249		(2,651)		208,190
Selling, general, and administrative expenses		15,590		8,437		16,167		—		40,194
Redomicile-related expenses		—		77		874		—		951
Acquisition and divestiture-related expenses		590		378		1,712		—		2,680
Loss (gain) on disposal and impairment of assets		510		(41)		—		—		469

Adjusted EBITDA		68,131		28,219		(9,774)		13		86,589

Depreciation and accretion expense		14,160		9,148		—		—		23,308
Adjusted EBITA		53,978		19,071		(9,774)		13		63,288

Capital expenditures (3)	$	17,619	$	18,860	$	—	$	—	$	36,479


	Nine Months Ended September 30, 2017
	North America		Europe & Africa (1)		Australia & New Zealand (2)		Corporate		Eliminations		Total
	(In thousands)
Revenue from external customers	$	745,801	$	298,857	$	99,976	$	—	$	—	$	1,144,634
Intersegment revenues		6,731		1,129		—		—		(7,860)		—
Cost of revenues		506,956		188,889		72,400		937		(4,964)		764,218
Selling, general, and administrative expenses		53,300		29,516		6,633		42,102		—		131,551
Redomicile-related expenses		—		36		—		746		—		782
Restructuring expenses		3,668		831		—		3,744		—		8,243
Acquisition and divestiture-related expenses		2,243		1,748		2,153		9,194		—		15,338
Goodwill and intangible asset impairment		—		—		194,521		—		—		194,521
Loss on disposal and impairment of assets		4,275		369		21,478		48		—		26,170

Adjusted EBITDA		192,273		81,581		20,924		(33,069)		(2,889)		258,820

Depreciation and accretion expense		50,973		32,093		5,617		—		—		88,683
Adjusted EBITA		141,300		49,489		15,312		(33,069)		(2,889)		170,143

Capital expenditures (3)	$	60,161	$	45,814	$	5,449	$	—	$	—	$	111,424


	Nine Months Ended September 30, 2016
	North America		Europe & Africa (1)		Corporate		Eliminations		Total
	(In thousands)
Revenue from external customers	$	675,926	$	279,616	$	—	$	—	$	955,542
Intersegment revenues		6,942		1,042		—		(7,984)		—
Cost of revenues		443,185		178,556		636		(7,984)		614,393
Selling, general, and administrative expenses		48,073		26,542		40,890		—		115,505
Redomicile-related expenses		—		89		12,112		—		12,201
Acquisition and divestiture-related expenses		1,897		1,299		1,742		—		4,938
Loss (gain) on disposal and impairment of assets		1,266		(1,741)		—		—		(475)

Adjusted EBITDA		191,558		75,565		(25,746)		68		241,445

Depreciation and accretion expense		41,480		27,605		—		—		69,085
Adjusted EBITA		150,100		47,960		(25,746)		68		172,382

Capital expenditures (3)	$	38,518	$	37,532	$	—	$	—	$	76,050

⁽¹⁾

The Europe & Africa segment includes operations in South Africa, which were acquired on January 31, 2017 with the Spark acquisition.

⁽²⁾

The Australia & New Zealand segment includes operations in Australia and New Zealand, which were acquired on January 6, 2017 with the DCPayments acquisition.

⁽³⁾

Capital expenditure amounts include payments made for exclusive license agreements, site acquisition costs, and other intangible assets. Additionally, capital expenditure amounts for one of the Company’s Mexican subsidiaries, included in the North America segment, are reflected gross of any noncontrolling interest amounts.

Identifiable Assets


	September 30, 2017		December 31, 2016
	(In thousands)
North America	$	1,214,336	$	956,807
Europe & Africa		574,427		363,857
Australia & New Zealand		79,492		—
Corporate		21,026		44,032
Total	$	1,889,281	$	1,364,696