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Segment Information
 9 Months Ended
Sep. 30, 2020
Segment Reporting [Abstract]  
Segment Information
(17) Segment Information
As of September 30, 2020, the Company’s operations consisted of North America, Europe & Africa, and Australia & New Zealand segments. The Company’s ATM operations in the U.S., Canada, Mexico, and Puerto Rico are included in its North America segment. The North America segment also includes the Company’s transaction processing operations, which service its internal ATM operations, along with external customers. The Company’s ATM operations in the U.K., Ireland,
Germany, Spain and South Africa are included in its Europe & Africa segment, along with i-design (the Company’s ATM advertising business based in the U.K.). The Company’s Australia & New Zealand segment consists of its ATM operations in these two countries. Corporate primarily includes the Company’s corporate general and administrative expenses. While each of the reporting segments provides similar kiosk-based and/or ATM-related services, each segment is managed separately and requires different marketing and business strategies.
Management uses Adjusted EBITDA, together with U.S. GAAP measures, to manage and measure the performance of its segments. Management believes Adjusted EBITDA is a useful measure to more effectively evaluate the performance of the business and compare its results of operations from period to period without regard to financing methods, capital structure, or non-recurring costs as defined by the Company. Adjusted EBITDA excludes depreciation and accretion, amortization of deferred financing costs and note discounts, amortization of intangible assets, share-based compensation expense, certain other income and expense amounts, acquisition related expenses, gains or losses on disposal and impairment of assets, certain non-operating expenses (if applicable in a particular period), and includes an adjustment for noncontrolling interests. Depreciation and accretion expense and amortization of intangible assets are excluded from Adjusted EBITDA as these amounts can vary substantially from company to company within the Company's industry depending upon accounting methods and book values of assets, capital structures, and the methods by which the assets were acquired.
Adjusted EBITDA, as defined by the Company, is a non-GAAP financial measure provided as a complement to the financial results prepared in accordance with U.S. GAAP. It may not be defined in the same manner by all companies and therefore may not be comparable to other similarly titled measures of other companies. In evaluating the Company’s performance as measured by Adjusted EBITDA, management recognizes and considers the limitations of this measurement. Therefore, Adjusted EBITDA should not be considered in isolation or as a substitute for operating loss, net loss, cash flows from operating, investing, or financing activities, or other income or cash flow measures contained within the consolidated financial statements.
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
September 30,		Nine Months Ended
September 30,
 2020201920202019
 (In thousands)
Net income attributable to controlling interests and available to common shareholders$5,732 $20,864 $9,565 $35,654 
Adjustments:
Interest expense, net11,132 6,751 26,362 20,265 
Amortization of deferred financing costs and note discount2,341 3,377 10,226 9,999 
Loss on extinguishment of convertible notes— — 3,018 — 
Income tax expense (benefit)10,049 4,086 (4,375)10,780 
Depreciation and accretion expense33,063 33,466 97,346 99,644 
Amortization of intangible assets7,900 12,404 25,162 37,407 
EBITDA70,217 80,948 167,304 213,749 
Add back: 
Loss on disposal and impairment of assets814 637 1,847 3,101 
Other income (1)
(7,116)(3,703)(9,651)(9,454)
Noncontrolling interests (2)
14 15 42 46 
Share-based compensation expense5,921 5,633 16,143 15,367 
Restructuring expenses (3)
2,008 3,583 6,557 7,046 
Adjusted EBITDA$71,858 $87,113 $182,242 $229,855 
(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 and nine months ended September 30, 2020, restructuring expenses included costs incurred in conjunction with facility closures, workforce reductions and other related charges. For the three and nine months ended September 30, 2019, restructuring expenses included professional fees and costs incurred in conjunction with facility closures and workforce reductions.
The following tables reflect certain financial information for each of the Company’s reporting segments for the periods presented:

Three Months Ended September 30, 2020
North AmericaEurope & AfricaAustralia & New ZealandCorporateEliminationsTotal
(In thousands)
Revenue from external customers$190,271 $69,906 $19,221 $— $— $279,398 
Intersegment revenues1,454 — — — (1,454)— 
Cost of revenues127,405 32,815 13,951 390 (1,454)173,107 
Selling, general, and administrative expenses14,293 8,986 2,036 15,057 1 40,373 
Restructuring expenses— 1,894 114 — — 2,008 
Loss (gain) on disposal and impairment of assets379 436 (1)— — 814 
Adjusted EBITDA50,077 27,994 3,235 (9,467)19 71,858 
Capital expenditures (1)
$22,028 $8,706 $556 $— $— $31,290 

Three Months Ended September 30, 2019
North AmericaEurope & AfricaAustralia & New ZealandCorporateEliminationsTotal
(In thousands)
Revenue from external customers$222,329 $104,686 $24,492 $— $— $351,507 
Intersegment revenues2,379 22 — — (2,401)— 
Cost of revenues148,215 60,477 17,264 368 (2,542)223,782 
Selling, general, and administrative expenses17,517 10,292 2,286 16,162 — 46,257 
Restructuring expenses799 2,335 — 449 — 3,583 
Loss (gain) on disposal and impairment of assets225 457 (45)— — 637 
Adjusted EBITDA58,977 33,939 4,941 (10,896)152 87,113 
Capital expenditures (1)
$18,723 $12,638 $672 $3,233 $— $35,266 

 Nine Months Ended September 30, 2020
 North AmericaEurope & AfricaAustralia & New ZealandCorporateEliminationsTotal
 (In thousands)
Revenue from external customers$567,277 $200,162 $51,753 $— $— $819,192 
Intersegment revenues4,484 36 — — (4,520)— 
Cost of revenues386,472 117,261 37,169 1,154 (4,520)537,536 
Selling, general, and administrative expenses43,877 24,965 5,541 41,452 (226)115,609 
Restructuring expenses1,205 4,971 114 267 — 6,557 
Loss (gain) on disposal and impairment of assets956 912 (21)— — 1,847 
Adjusted EBITDA141,417 57,908 9,042 (26,176)51 182,242 
Capital expenditures (1)
$41,689 $18,302 $1,103 $— $— $61,094 
 Nine Months Ended September 30, 2019
 North AmericaEurope & AfricaAustralia & New ZealandCorporateEliminationsTotal
 (In thousands)
Revenue from external customers$636,663 $298,615 $75,320 $— $— $1,010,598 
Intersegment revenues7,508 488 — — (7,996)— 
Cost of revenues429,287 187,429 54,540 995 (8,004)664,247 
Selling, general, and administrative expenses50,981 31,745 6,800 42,386 — 131,912 
Restructuring expenses1,012 2,735 — 3,299 — 7,046 
Loss (gain) on disposal and impairment of assets1,327 1,874 (100)— — 3,101 
Adjusted EBITDA163,904 79,930 13,979 (28,014)56 229,855 
Capital expenditures (1)
$41,873 $32,538 $3,535 $12,373 $— $90,319 

(1)Capital expenditures include payments made for 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, 2020December 31, 2019
 
(In thousands) 
North America$1,285,430 $1,141,084 
Europe & Africa490,867 511,037 
Australia & New Zealand55,811 60,416 
Corporate34,770 51,421 
Total$1,866,878 $1,763,958