Segment Information (Tables)

9 Months Ended

Sep. 30, 2018

Reconciliation of Net Income to EBITDA and Adjusted EBITA


	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2018		2017		2018		2017
	(In thousands)
Net income (loss) attributable to controlling interests and available to common shareholders	$	8,781	$	(175,561)	$	9,780	$	(161,304)
Adjustments:
Interest expense, net		8,852		9,743		27,185		25,760
Amortization of deferred financing costs and note discount		3,397		3,195		10,060		9,317
Income tax expense (benefit)		7,854		(4,053)		10,409		(2,335)
Depreciation and accretion expense		30,647		29,807		93,453		88,683
Amortization of intangible assets		12,994		14,996		40,263		45,423
EBITDA	$	72,525	$	(121,873)	$	191,150	$	5,544
Add back:
Loss on disposal and impairment of assets		466		22,307		15,583		26,170
Other income (1)		(1,297)		(2,095)		(1,324)		(1,730)
Noncontrolling interests (2)		12		(9)		31		(19)
Share-based compensation expense		4,669		4,151		10,627		9,971
Restructuring expenses (3)		1,058		22		5,534		9,025
Acquisition and divestiture-related expenses (4)		—		2,889		2,633		15,338
Goodwill and intangible asset impairment (5)		—		194,521		—		194,521
Adjusted EBITDA	$	77,433	$	99,913	$	224,234	$	258,820
Less:
Depreciation and accretion expense (6)		30,646		29,805		93,451		88,677
Adjusted EBITA	$	46,787	$	70,108	$	130,783	$	170,143

⁽¹⁾

Includes foreign currency translation gains/losses, the revaluation of the estimated acquisition-related contingent consideration, 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⁾

For the three and nine months ended September 30, 2018 and 2017, expenses include employee severance and other costs incurred in conjunction with a corporate reorganization and cost reduction initiative. For the three and nine months ended September 30, 2017, expenses also include amounts associated with the Company’s redomicile of its parent company to the U.K., that occurred on July 1, 2016.

⁽⁴⁾

Acquisition and divestiture-related expenses include costs incurred for professional and legal fees and certain other transition and integration-related costs. Expenses include employee severance costs and lease termination costs related to DCPayments acquisition integration in the nine months ended September 30, 2018.

⁽⁵⁾

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

⁽⁶⁾

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, 2018
	North America		Europe & Africa		Australia & New Zealand		Corporate		Eliminations		Total
	(In thousands)
Revenue from external customers	$	206,465	$	104,241	$	29,469	$	—	$	—	$	340,175
Intersegment revenues		2,283		597		—		—		(2,880)		—
Cost of revenues		141,169		64,603		21,227		229		(1,699)		225,529
Selling, general, and administrative expenses		16,762		9,079		2,362		13,693		—		41,896
Restructuring expenses		942		116		—		—		—		1,058
Acquisition and divestiture-related expenses		—		—		285		(285)		—		—
Loss (gain) on disposal and impairment of assets		246		232		(12)		—		—		466

Adjusted EBITDA		50,825		31,157		5,880		(9,265)		(1,164)		77,433

Depreciation and accretion expense		17,405		11,788		1,265		203		(15)		30,646
Adjusted EBITA		33,412		19,369		4,615		(9,456)		(1,153)		46,787

Capital expenditures (1)	$	14,149	$	10,931	$	1,595	$	—	$	—	$	26,675



	Three Months Ended September 30, 2017
	North America		Europe & Africa		Australia & New Zealand		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		16,413		11,476		1,916		—		—		29,805
Adjusted EBITA		54,984		23,120		6,321		(13,423)		(894)		70,108

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



	Nine Months Ended September 30, 2018
	North America		Europe & Africa		Australia & New Zealand		Corporate		Eliminations		Total
	(In thousands)
Revenue from external customers	$	618,538	$	309,522	$	89,286	$	—	$	—	$	1,017,346
Intersegment revenues		6,888		1,610		—		—		(8,498)		—
Cost of revenues		426,742		191,049		66,198		404		(5,173)		679,220
Selling, general, and administrative expenses		49,239		27,682		7,409		40,248		(14)		124,564
Restructuring expenses		3,072		1,292		—		1,170		—		5,534
Acquisition and divestiture-related expenses		(348)		1,516		920		545		—		2,633
Loss on disposal and impairment of assets		10,880		4,613		90		—		—		15,583

Adjusted EBITDA		149,445		92,403		15,678		(30,024)		(3,268)		224,234

Depreciation and accretion expense		51,257		38,286		3,774		203		(69)		93,451
Adjusted EBITA		98,186		54,117		11,905		(30,227)		(3,198)		130,783

Capital expenditures (1)	$	24,672	$	29,475	$	5,017	$	14,193	$	—	$	73,357



	Nine Months Ended September 30, 2017
	North America		Europe & Africa		Australia & New Zealand		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		50,967		32,093		5,617		—		—		88,677
Adjusted EBITA		141,300		49,489		15,312		(33,069)		(2,889)		170,143

Capital expenditures (1)	$	60,161		45,814		5,449		—		—	$	111,424

⁽¹⁾

Capital expenditures include payments made for plant, property, and equipment, exclusive license agreements, and site acquisition costs. 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, 2018		December 31, 2017
	(In thousands)
North America	$	1,135,065	$	1,175,154
Europe & Africa		535,665		579,879
Australia & New Zealand		66,086		75,095
Corporate		47,265		32,588
Total	$	1,784,081	$	1,862,716