Segments (Tables)

6 Months Ended

Mar. 31, 2020

Summary of Reportable Segment Performance

The Company primarily uses processing margin to measure operating performance. The following is a summary of reportable segment operating performance for the three and six months ended March 31, 2020 and 2019.


	As of and for the Three Months Ended March 31, 2020
	Merchant Services		Proprietary Software and Payments		Other		Total
Revenue	$	25,018	$	14,691	$	(531)	$	39,178

Operating expenses
Other costs of services	11,297		1,188		(530)		11,955
Selling general and administrative	6,469		7,717		6,600		20,786
Depreciation and amortization	2,861		1,498		179		4,538
Change in fair value of contingent consideration	(400)		258		—		(142)
Income (loss) from operations	$	4,791	$	4,030	$	(6,780)	$	2,041

Processing margin⁽¹⁾	$	19,245	$	13,675	$	(527)	$	32,393
Total assets	$	200,159	$	109,689	$	41,334	$	351,182
Goodwill	$	107,539	$	59,515	$	—	$	167,054

__________________________

1.Processing margin is equal to revenue less interchange and network fees, less other costs of services. $5,524, $172 and $(526) of residual expense, a component of other costs of services, are added back to the Merchant Services segment, Proprietary Software and Payments segment, and Other category, respectively.


	As of and for the Six Months Ended March 31, 2020
	Merchant Services		Proprietary Software and Payments		Other		Total
Revenue	$	52,483	$	28,747	$	(941)	$	80,289

Operating expenses
Other costs of services	23,410		2,403		(940)		24,873
Selling general and administrative	12,791		15,653		11,629		40,073
Depreciation and amortization	5,808		3,037		348		9,193
Change in fair value of contingent consideration	(1,606)		1,618		—		12
Income (loss) from operations	$	12,080	$	6,036	$	(11,978)	$	6,138

Processing margin⁽¹⁾	$	40,141	$	26,684	$	(935)	$	65,890
Total assets	$	200,159	$	109,689	$	41,334	$	351,182
Goodwill	$	107,539	$	59,515	$	—	$	167,054

__________________________

1.Processing margin is equal to revenue less interchange and network fees, less other costs of services. $11,068, $340 and $(934) of residual expense, a component of other costs of services, are added back to the Merchant Services segment, Proprietary Software and Payments segment, and Other category, respectively.


	As of and for the Three Months Ended March 31, 2019
	Merchant Services		Proprietary Software and Payments		Other		Total
Revenue	$	76,875	$	8,519	$	—	$	85,394

Operating expenses
Interchange and network fees	53,121		1,564		—		54,685
Other costs of services	9,725		468		—		10,193
Selling general and administrative	6,226		3,675		4,418		14,319
Depreciation and amortization	2,917		842		139		3,898
Change in fair value of contingent consideration	(390)		2,892		—		2,502
Income (loss) from operations	$	5,276	$	(922)	$	(4,557)	$	(203)

Processing margin⁽¹⁾	$	17,584	$	6,675	$	—	$	24,259
Total assets	$	152,851	$	59,077	$	6,571	$	218,499
Goodwill	$	71,950	$	32,701	$	—	$	104,651

__________________________

1.Processing margin is equal to revenue less interchange and network fees, less other costs of services. $3,555, $188 and $0 of residual expense, a component of other costs of services, are added back to the Merchant Services segment, Proprietary Software and Payments segment, and Other category, respectively.


	As of and for the Six Months Ended March 31, 2019
	Merchant Services		Proprietary Software and Payments		Other		Total
Revenue	$	154,577	$	15,685	$	—	$	170,262

Operating expenses
Interchange and network fees	107,485		3,029		—		110,514
Other costs of services	19,121		862		—		19,983
Selling general and administrative	12,317		6,662		7,856		26,835
Depreciation and amortization	5,699		1,503		248		7,450
Change in fair value of contingent consideration	(709)		2,862		—		2,153
Income (loss) from operations	$	10,664	$	767	$	(8,104)	$	3,327

Processing margin⁽¹⁾	$	35,211	$	12,136	$	—	$	47,347
Total assets	$	152,851	$	59,077	$	6,571	$	218,499
Goodwill	$	71,950	$	32,701	$	—	$	104,651

__________________________

1.Processing margin is equal to revenue less interchange and network fees, less other costs of services. $7,240, $342 and $0 of residual expense, a component of other costs of services, are added back to the Merchant Services segment, Proprietary Software and Payments segment, and Other category, respectively.