BUSINESS SEGMENT INFORMATION (Tables)

12 Months Ended

Dec. 31, 2021

Our segment information for the years ended December 31 was as follows:


(in thousands)	2021		2020		2019
Payments:
Revenue	$	510,359	$	301,901	$	269,573
Adjusted EBITDA	105,576		68,117		74,384
Cloud Solutions:
Revenue	262,310		252,773		318,383
Adjusted EBITDA	70,172		61,580		77,199
Promotional Solutions:
Revenue	546,473		529,649		640,892
Adjusted EBITDA	85,384		66,620		101,293
Checks:
Revenue	703,055		706,458		779,867
Adjusted EBITDA	324,224		341,705		402,662
Total segments:
Revenue	$	2,022,197	$	1,790,781	$	2,008,715
Adjusted EBITDA	585,356		538,022		655,538

Reconciliation of total segment adjusted EBITDA to consolidated income (loss) before income taxes

The following table presents a reconciliation of total segment adjusted EBITDA to consolidated income (loss) before income taxes:


(in thousands)	2021		2020		2019
Total segment adjusted EBITDA	$	585,356	$	538,022	$	655,538
Corporate operations	(177,591)		(173,480)		(174,672)
Depreciation and amortization	(148,767)		(110,792)		(126,036)
Interest expense	(55,554)		(23,140)		(34,682)
Net income attributable to non-controlling interest	139		91		—
Asset impairment charges	—		(101,749)		(421,090)
Restructuring, integration and other costs	(58,947)		(80,665)		(79,511)
CEO transition costs(1)	—		30		(9,390)
Share-based compensation expense	(29,477)		(21,824)		(19,138)
Acquisition transaction costs	(18,913)		(8)		(215)
Certain legal-related (expense) benefit	(2,443)		2,164		(6,420)
Loss on sales of businesses and customer lists	—		(1,846)		(124)
Income (loss) before income taxes	$	93,803	$	26,803	$	(215,740)

(1) In 2019, CEO transition costs includes share-based compensation expense related to the modification of certain awards in conjunction with our CEO transition (Note 9).

Revenue disaggregated by product and service offerings

The following tables present revenue disaggregated by our product and service offerings:


	Year Ended December 31, 2021
(in thousands)	Payments		Cloud Solutions		Promotional Solutions		Checks		Consolidated
Checks	$	—	$	—	$	—	$	703,055	$	703,055
Forms and other products	—		—		296,993		—		296,993
Merchant services and other payment solutions	276,118		—		—		—		276,118
Marketing and promotional solutions	—		—		249,480		—		249,480
Treasury management solutions	234,241		—		—		—		234,241
Data-driven marketing solutions	—		150,772		—		—		150,772
Web and hosted solutions	—		111,538		—		—		111,538
Total revenue	$	510,359	$	262,310	$	546,473	$	703,055	$	2,022,197

	Year Ended December 31, 2020
(in thousands)	Payments		Cloud Solutions		Promotional Solutions		Checks		Consolidated
Checks	$	—	$	—	$	—	$	706,458	$	706,458
Forms and other products	—		—		316,245		—		316,245
Merchant services and other payment solutions	75,796		—		—		—		75,796
Marketing and promotional solutions	—		—		213,404		—		213,404
Treasury management solutions	226,105		—		—		—		226,105
Data-driven marketing solutions	—		119,155		—		—		119,155
Web and hosted solutions	—		133,618		—		—		133,618
Total revenue	$	301,901	$	252,773	$	529,649	$	706,458	$	1,790,781

	Year Ended December 31, 2019
(in thousands)	Payments		Cloud Solutions		Promotional Solutions		Checks		Consolidated
Checks	$	—	$	—	$	—	$	779,867	$	779,867
Forms and other products	—		—		348,757		—		348,757
Merchant services and other payment solutions	76,046		—		—		—		76,046
Marketing and promotional solutions	—		—		292,135		—		292,135
Treasury management solutions	193,527		—		—		—		193,527
Data-driven marketing solutions	—		162,286		—		—		162,286
Web and hosted solutions	—		156,097		—		—		156,097
Total revenue	$	269,573	$	318,383	$	640,892	$	779,867	$	2,008,715

Revenue disaggregated by geographic area

The following table presents revenue disaggregated by geography, based on where items are shipped or services are performed. Substantially all of our long-lived assets reside in the U.S. Long-lived assets of our foreign subsidiaries are located primarily in Canada and Australia are not significant to our consolidated financial position.


(in thousands)	Payments		Cloud Solutions		Promotional Solutions		Checks		Consolidated
Year ended December 31, 2021:
U.S.	$	469,102	$	227,091	$	522,966	$	678,229	$	1,897,388
Foreign, primarily Canada and Australia	41,257		35,219		23,507		24,826		124,809
Total revenue	$	510,359	$	262,310	$	546,473	$	703,055	$	2,022,197
Year ended December 31, 2020:
U.S.	$	266,920	$	220,699	$	506,240	$	684,328	$	1,678,187
Foreign, primarily Canada and Australia	34,981		32,074		23,409		22,130		112,594
Total revenue	$	301,901	$	252,773	$	529,649	$	706,458	$	1,790,781
Year ended December 31, 2019:
U.S.	$	233,152	$	283,695	$	613,830	$	757,359	$	1,888,036
Foreign, primarily Canada and Australia	36,421		34,688		27,062		22,508		120,679
Total revenue	$	269,573	$	318,383	$	640,892	$	779,867	$	2,008,715