Segment Information (Tables)

9 Months Ended

Sep. 30, 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 September 30,				Nine Months Ended September 30,
	2020		2019		2020		2019
	(In thousands)
Net income attributable to controlling interests and available to common shareholders	$	5,732	$	20,864	$	9,565	$	35,654
Adjustments:
Interest expense, net	11,132		6,751		26,362		20,265
Amortization of deferred financing costs and note discount	2,341		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 expense	33,063		33,466		97,346		99,644
Amortization of intangible assets	7,900		12,404		25,162		37,407
EBITDA	70,217		80,948		167,304		213,749
Add back:
Loss on disposal and impairment of assets	814		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 expense	5,921		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.

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 September 30, 2020
	North America		Europe & Africa		Australia & New Zealand		Corporate		Eliminations		Total
	(In thousands)
Revenue from external customers	$	190,271	$	69,906	$	19,221	$	—	$	—	$	279,398
Intersegment revenues	1,454		—		—		—		(1,454)		—
Cost of revenues	127,405		32,815		13,951		390		(1,454)		173,107
Selling, general, and administrative expenses	14,293		8,986		2,036		15,057		1		40,373
Restructuring expenses	—		1,894		114		—		—		2,008

Loss (gain) on disposal and impairment of assets	379		436		(1)		—		—		814

Adjusted EBITDA	50,077		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 America		Europe & Africa		Australia & New Zealand		Corporate		Eliminations		Total
	(In thousands)
Revenue from external customers	$	222,329	$	104,686	$	24,492	$	—	$	—	$	351,507
Intersegment revenues	2,379		22		—		—		(2,401)		—
Cost of revenues	148,215		60,477		17,264		368		(2,542)		223,782
Selling, general, and administrative expenses	17,517		10,292		2,286		16,162		—		46,257
Restructuring expenses	799		2,335		—		449		—		3,583

Loss (gain) on disposal and impairment of assets	225		457		(45)		—		—		637

Adjusted EBITDA	58,977		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 America		Europe & Africa		Australia & New Zealand		Corporate		Eliminations		Total
	(In thousands)
Revenue from external customers	$	567,277	$	200,162	$	51,753	$	—	$	—	$	819,192
Intersegment revenues	4,484		36		—		—		(4,520)		—
Cost of revenues	386,472		117,261		37,169		1,154		(4,520)		537,536
Selling, general, and administrative expenses	43,877		24,965		5,541		41,452		(226)		115,609
Restructuring expenses	1,205		4,971		114		267		—		6,557

Loss (gain) on disposal and impairment of assets	956		912		(21)		—		—		1,847

Adjusted EBITDA	141,417		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 America		Europe & Africa		Australia & New Zealand		Corporate		Eliminations		Total
	(In thousands)
Revenue from external customers	$	636,663	$	298,615	$	75,320	$	—	$	—	$	1,010,598
Intersegment revenues	7,508		488		—		—		(7,996)		—
Cost of revenues	429,287		187,429		54,540		995		(8,004)		664,247
Selling, general, and administrative expenses	50,981		31,745		6,800		42,386		—		131,912

Restructuring expenses	1,012		2,735		—		3,299		—		7,046


Loss (gain) on disposal and impairment of assets	1,327		1,874		(100)		—		—		3,101

Adjusted EBITDA	163,904		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, 2020		December 31, 2019
	(In thousands)
North America	$	1,285,430	$	1,141,084
Europe & Africa	490,867		511,037
Australia & New Zealand	55,811		60,416
Corporate	34,770		51,421
Total	$	1,866,878	$	1,763,958