Segment Reporting (Tables)

3 Months Ended

Jun. 30, 2021

Revenue and Adjusted EBITDA for each Reportable Segment


	Three Months Ended		Three Months Ended
	June 30, 2021		June 30, 2020
Segment Revenue
Software and Analytics	$	420,317	$	391,589
Network Solutions		209,461		142,826
Technology-Enabled Services		225,521		187,706
Postage and Eliminations ⁽¹⁾		17,018		27,063
Purchase Accounting Adjustment ⁽²⁾		(4,461)		(55,000)
Net Revenue	$	867,856	$	694,184
Segment Adjusted EBITDA
Software and Analytics	$	160,365	$	143,932
Network Solutions		109,488		70,503
Technology-Enabled Services		12,875		(17,579)
Adjusted EBITDA	$	282,728	$	196,856

Reconciliation of income (loss) before tax provision (benefit) to Adjusted EBITDA
Income (loss) before income tax provision (benefit)	$	(12,055)	$	(72,155)
Amortization of capitalized software developed for sale		717		78
Depreciation and amortization		168,211		138,541
Interest expense		59,386		62,667
Equity compensation		26,166		9,583
Acquisition accounting adjustments		(559)		48,540
Acquisition and divestiture-related costs		6,394		5,120
Integration and related costs		11,368		10,358
Strategic initiatives, duplicative and transition costs		9,928		5,080
Severance costs		4,720		4,704
Accretion and changes in estimate, net		4,732		5,895
Impairment of long-lived assets and other		1,612		6,313
Gain on sale of businesses		—		(28,095)
Contingent consideration		—		(2,450)
Other non-routine, net		2,108		2,677
Adjusted EBITDA	$	282,728	$	196,856

⁽¹⁾Revenue for the Postage and Eliminations segment includes postage revenue of $51,208 and $45,772 for the three months ended June 30, 2021 and 2020, respectively.

⁽²⁾Amount reflects the impact to deferred revenue resulting from the Merger which reduced revenue recognized during the period.