XML 65 R43.htm IDEA: XBRL DOCUMENT v3.25.0.1
Operating Segments and Geographic Information (Tables)
12 Months Ended
Dec. 31, 2024
Segment Reporting [Abstract]  
Summary of Revenues and Significant Expenses by Segment

Revenues and significant expenses by segment are as follows:

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended December 31, 2024

 

(in thousands)

Branded Services

 

 

Experiential Services

 

 

Retailer Services

 

 

Total Company

 

Revenues

$

1,306,336

 

 

$

1,295,029

 

 

$

964,959

 

 

$

3,566,324

 

Less:

 

 

 

 

 

 

 

 

 

 

 

Compensation and benefits

 

719,089

 

 

 

701,906

 

 

 

619,387

 

 

 

2,040,382

 

Reimbursable expenses

 

171,766

 

 

 

349,991

 

 

 

 

 

 

521,757

 

Other segment items1

 

330,736

 

 

 

201,149

 

 

 

289,624

 

 

 

821,509

 

Impairment of goodwill and indefinite-lived asset

 

275,170

 

 

 

 

 

 

 

 

 

275,170

 

Depreciation and amortization

 

130,212

 

 

 

41,728

 

 

 

32,613

 

 

 

204,553

 

Income from equity method investments

 

(2,064

)

 

 

 

 

 

 

 

 

(2,064

)

Total segment operating expenses from continuing operations

 

1,624,909

 

 

 

1,294,774

 

 

 

941,624

 

 

 

3,861,307

 

 

 

 

 

 

 

 

 

 

 

 

 

Total segment operating (loss) income from continuing operations

$

(318,573

)

 

$

255

 

 

$

23,335

 

 

$

(294,983

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended December 31, 2023

 

(in thousands)

Branded Services

 

 

Experiential Services

 

 

Retailer Services

 

 

Total Company

 

Revenues

$

1,758,417

 

 

$

1,159,449

 

 

$

982,259

 

 

$

3,900,125

 

Less:

 

 

 

 

 

 

 

 

 

 

 

Compensation and benefits

 

1,009,334

 

 

 

638,081

 

 

 

630,484

 

 

 

2,277,899

 

Reimbursable expenses

 

179,029

 

 

 

307,610

 

 

 

 

 

 

486,639

 

Other segment items1

 

417,320

 

 

 

173,879

 

 

 

304,334

 

 

 

895,533

 

Impairment of goodwill and indefinite-lived asset

 

43,500

 

 

 

 

 

 

 

 

 

43,500

 

Depreciation and amortization

 

140,932

 

 

 

36,584

 

 

 

31,340

 

 

 

208,856

 

Deconsolidation of European joint venture

 

(58,891

)

 

 

 

 

 

 

 

 

(58,891

)

Total segment operating expenses from continuing operations

 

1,731,224

 

 

 

1,156,154

 

 

 

966,158

 

 

 

3,853,536

 

 

 

 

 

 

 

 

 

 

 

 

 

Total segment operating income from continuing operations

$

27,193

 

 

$

3,295

 

 

$

16,101

 

 

$

46,589

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended December 31, 2022

 

(in thousands)

Branded Services

 

 

Experiential Services

 

 

Retailer Services

 

 

Total Company

 

Revenues

$

1,764,076

 

 

$

904,230

 

 

$

978,036

 

 

$

3,646,342

 

Less:

 

 

 

 

 

 

 

 

 

 

 

Compensation and benefits

 

994,007

 

 

 

523,517

 

 

 

629,162

 

 

 

2,146,686

 

Reimbursable expenses

 

178,474

 

 

 

217,690

 

 

 

 

 

 

396,164

 

Other segment items1

 

370,628

 

 

 

142,565

 

 

 

292,810

 

 

 

806,003

 

Impairment of goodwill and indefinite-lived asset

 

831,008

 

 

 

354,452

 

 

 

387,063

 

 

 

1,572,523

 

Depreciation and amortization

 

144,354

 

 

 

37,906

 

 

 

33,786

 

 

 

216,046

 

Loss on divestiture

 

2,863

 

 

 

 

 

 

 

 

 

2,863

 

Total segment operating expenses from continuing operations

 

2,521,334

 

 

 

1,276,130

 

 

 

1,342,821

 

 

 

5,140,285

 

 

 

 

 

 

 

 

 

 

 

 

 

Total segment operating loss from continuing operations

$

(757,258

)

 

$

(371,900

)

 

$

(364,785

)

 

$

(1,493,943

)

 

(1)

The “other segment items” category primarily consists of costs incurred in the execution of service obligations, including supplies, technology, and other direct expenses such as travel. These costs align with the segment-level information regularly provided to the CODM and represent the difference between revenue and the significant expense categories above in determining segment profitability.

Summary of Revenues by Geographic Region

Revenues by geographic region are as follows:

 

Year Ended December 31,

 

(in thousands)

2024

 

 

2023

 

 

2022

 

Revenues

 

 

 

 

 

 

 

 

North America

$

3,412,947

 

 

$

3,393,718

 

 

$

3,176,774

 

Asia Pacific

 

145,574

 

 

 

125,569

 

 

 

96,075

 

Europe

 

7,803

 

 

 

6,472

 

 

 

2,010

 

European Joint Venture(1)

 

 

 

 

374,366

 

 

 

371,483

 

Total revenue

$

3,566,324

 

 

$

3,900,125

 

 

$

3,646,342

 

 

(1)

The Company’s European joint venture was deconsolidated during fiscal year 2023. For further details, see Note 2 — Discontinued Operations, Deconsolidation of European Joint Venture, Divestitures and Acquisitions.