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Segment Information (Tables)

3 Months Ended

Mar. 31, 2020

Reconciliation of Net Income to EBITDA and Adjusted EBITA

The following table is a reconciliation of Net income attributable to controlling interests and available to common shareholders to EBITDA and Adjusted EBITDA:


		Three Months Ended March 31,
		2020		2019
	(In thousands)
Net income attributable to controlling interests and available to common shareholders		$	5,755	$	4,319
Adjustments:
Interest expense, net		6,421		6,643
Amortization of deferred financing costs and note discount		3,486		3,292

Income tax (benefit) expense		(3,737)		3,129
Depreciation and accretion expense		32,211		32,973
Amortization of intangible assets		8,413		12,412
EBITDA		52,549		62,768
Add back:
Loss on disposal and impairment of assets		921		968
Other expenses (income) ⁽¹⁾		3,829		(7,207)
Noncontrolling interests ⁽²⁾		13		15
Share-based compensation expense		5,193		4,484
Restructuring expenses ⁽³⁾		1,209		—


Adjusted EBITDA		$	63,714	$	61,028

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

(2)Noncontrolling interest adjustment made such that Adjusted EBITDA includes only the Company’s ownership interest in the Adjusted EBITDA of one of the Company's Mexican subsidiaries.

(3)For the three months ended March 31, 2020, the restructuring activities included costs incurred in conjunction with facility closures, workforce reductions, professional fees and other related charges.

Financial Information For Each Of The Company's Reporting Segments

The following tables reflect certain financial information for each of the Company’s reporting segments for the periods presented:


	Three Months Ended March 31, 2020
	North America		Europe & Africa		Australia & New Zealand		Corporate		Eliminations		Total
	(In thousands)
Revenue from external customers	$	204,382	$	81,863	$	20,357	$	—	$	—	$	306,602
Intersegment revenues	1,615		37		—		—		(1,652)		—
Cost of revenues	139,904		52,634		14,275		561		(1,652)		205,722
Selling, general, and administrative expenses	17,049		9,061		1,947		14,321		—		42,378
Restructuring expenses	—		1,000		—		209		—		1,209

Loss (gain) on disposal and impairment of assets	443		495		(17)		—		—		921

Adjusted EBITDA	48,999		20,251		4,133		(9,461)		(208)		63,714




Capital expenditures ⁽¹⁾	$	12,187	$	5,867	$	375	$	—	$	—	$	18,429


	Three Months Ended March 31, 2019
	North America		Europe & Africa		Australia & New Zealand		Corporate		Eliminations		Total
	(In thousands)
Revenue from external customers	$	201,664	$	90,596	$	26,010	$	—	$	—	$	318,270
Intersegment revenues	2,584		329		—		—		(2,913)		—
Cost of revenues	137,908		63,409		19,361		261		(2,856)		218,083
Selling, general, and administrative expenses	17,266		10,746		2,241		13,407		—		43,660




Loss (gain) on disposal and impairment of assets	324		671		(27)		—		—		968

Adjusted EBITDA	49,075		16,768		4,409		(9,184)		(40)		61,028




Capital expenditures ⁽¹⁾	$	17,575	$	10,248	$	1,484	$	—	$	—	$	29,307

(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


	March 31, 2020		December 31, 2019
	(In thousands)
North America	$	1,149,376	$	1,141,084
Europe & Africa	570,709		511,037
Australia & New Zealand	50,464		60,416
Corporate	446,672		51,421
Total	$	2,217,221	$	1,763,958