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Business segment information
 6 Months Ended
Jun. 30, 2022
Segment Reporting [Abstract]  
Business segment information
We operate 4 reportable segments, generally organized by product type, as follows:

•Payments – This segment includes our merchant in-store, online and mobile payment solutions; treasury management solutions, including remittance and lockbox processing, remote deposit capture, receivables management, payment processing and paperless treasury management; payroll and disbursement services, including Deluxe Payment Exchange; and fraud and security services.

•Cloud Solutions – This segment includes data-driven marketing solutions; hosted solutions, including digital engagement, logo design, financial institution profitability reporting and business incorporation services; and web hosting and design services.

•Promotional Solutions – This segment includes business forms, accessories, advertising specialties, promotional apparel and retail packaging.

•Checks – This segment includes printed business and personal checks.

The accounting policies of the segments are the same as those described in the Notes to Consolidated Financial Statements included in the 2021 Form 10-K. We allocate corporate costs for our shared services functions to our business segments when the costs are directly attributable to a segment. This includes certain sales and marketing, human resources, supply chain, real estate, finance, information technology and legal costs. Costs that are not directly attributable to a business segment are reported as Corporate operations and consist primarily of marketing, accounting, information technology, facilities, executive management and legal, tax and treasury costs that support the corporate function. Corporate operations also includes other income. All of our segments operate primarily in the U.S., with some operations in Canada. In addition, Cloud Solutions has operations in portions of Europe, as well as partners in Central and South America, and had operations in Australia until May 2022 when this business was sold (Note 6).

Our chief operating decision maker (i.e., our Chief Executive Officer) reviews earnings before interest, taxes, depreciation and amortization (EBITDA) on an adjusted basis for each segment when deciding how to allocate resources and to assess segment operating performance. Adjusted EBITDA for each segment excludes depreciation and amortization expense, interest expense, income tax expense and certain other amounts, which may include, from time to time: asset impairment charges; restructuring, integration and other costs; share-based compensation expense; acquisition transaction costs; certain legal-related
expense; and gains or losses on sales of businesses and long-lived assets. Our Chief Executive Officer does not review segment asset information when making investment or operating decisions regarding our reportable business segments.

Segment information for the quarters and six months ended June 30, 2022 and 2021 was as follows:

Quarter Ended June 30,Six Months Ended June 30,
(in thousands)2022202120222021
Payments:
Revenue$171,154 $103,339 $337,362 $182,777 
Adjusted EBITDA34,986 21,199 71,421 39,528 
Cloud Solutions:
Revenue68,587 68,067 138,084 130,287 
Adjusted EBITDA17,509 18,803 34,836 36,011 
Promotional Solutions:
Revenue139,276 134,987 272,519 259,494 
Adjusted EBITDA14,596 21,416 31,540 39,131 
Checks:
Revenue183,936 171,823 371,003 346,923 
Adjusted EBITDA82,564 80,191 165,360 163,725 
Total segment:
Revenue$562,953 $478,216 $1,118,968 $919,481 
Adjusted EBITDA149,655 141,609 303,157 278,395 

The following table presents a reconciliation of total segment adjusted EBITDA to consolidated income before income taxes:
Quarter Ended June 30,Six Months Ended June 30,
(in thousands)2022202120222021
Total segment adjusted EBITDA$149,655 $141,609 $303,157 $278,395 
Corporate operations(47,918)(44,147)(101,801)(90,428)
Depreciation and amortization expense(45,047)(33,244)(86,644)(61,024)
Interest expense(21,349)(9,530)(41,672)(14,054)
Net income attributable to non-controlling interest35 29 71 62 
Restructuring, integration and other costs
(15,208)(11,979)(31,511)(27,191)
Share-based compensation expense(4,896)(7,625)(13,038)(14,367)
Acquisition transaction costs(12)(15,843)(61)(18,608)
Certain legal-related expense(162)(302)(845)(302)
Gain on sale of businesses and facility17,527 — 17,527 — 
Income before income taxes$32,625 $18,968 $45,183 $52,483 
The following tables present revenue disaggregated by our product and service offerings:

Quarter Ended June 30, 2022
(in thousands)PaymentsCloud SolutionsPromotional SolutionsChecksConsolidated
Checks$— $— $— $183,936 $183,936 
Merchant services and other payment solutions111,619 — — — 111,619 
Forms and other products
— — 69,404 — 69,404 
Marketing and promotional solutions
— — 69,872 — 69,872 
Treasury management solutions
59,535 — — — 59,535 
Data-driven marketing solutions
— 45,470 — — 45,470 
Web and hosted solutions
— 23,117 — — 23,117 
Total revenue$171,154 $68,587 $139,276 $183,936 $562,953 

Quarter Ended June 30, 2021
(in thousands)PaymentsCloud SolutionsPromotional SolutionsChecksConsolidated
Checks$— $— $— $171,823 $171,823 
Merchant services and other payment solutions47,115 — — — 47,115 
Forms and other products
— — 78,194 — 78,194 
Marketing and promotional solutions
— — 56,793 — 56,793 
Treasury management solutions
56,224 — — — 56,224 
Data-driven marketing solutions
— 39,518 — — 39,518 
Web and hosted solutions
— 28,549 — — 28,549 
Total revenue$103,339 $68,067 $134,987 $171,823 $478,216 

Six Months Ended June 30, 2022
(in thousands)PaymentsCloud SolutionsPromotional SolutionsChecksConsolidated
Checks$— $— $— $371,003 $371,003 
Merchant services and other payment solutions219,889 — — — 219,889 
Forms and other products
— — 139,720 — 139,720 
Marketing and promotional solutions
— — 132,799 — 132,799 
Treasury management solutions
117,473 — — — 117,473 
Data-driven marketing solutions
— 87,313 — — 87,313 
Web and hosted solutions
— 50,771 — — 50,771 
Total revenue$337,362 $138,084 $272,519 $371,003 $1,118,968 
Six Months Ended June 30, 2021
(in thousands)PaymentsCloud SolutionsPromotional SolutionsChecksConsolidated
Checks$— $— $— $346,923 $346,923 
Merchant services and other payment solutions67,417 — — — 67,417 
Forms and other products
— — 149,975 — 149,975 
Marketing and promotional solutions
— — 109,519 — 109,519 
Treasury management solutions
115,360 — — — 115,360 
Data-driven marketing solutions
— 73,164 — — 73,164 
Web and hosted solutions
— 57,123 — — 57,123 
Total revenue$182,777 $130,287 $259,494 $346,923 $919,481 

The following tables present revenue disaggregated by geography, based on where items are shipped from or where services are performed:

Quarter Ended June 30, 2022
(in thousands)PaymentsCloud SolutionsPromotional SolutionsChecksConsolidated
United States$159,939 $63,758 $132,886 $176,692 $533,275 
Foreign, primarily Canada and Australia
11,215 4,829 6,390 7,244 29,678 
Total revenue$171,154 $68,587 $139,276 $183,936 $562,953 
Quarter Ended June 30, 2021
(in thousands)PaymentsCloud SolutionsPromotional SolutionsChecksConsolidated
United States$93,796 $59,265 $129,321 $165,799 $448,181 
Foreign, primarily Canada and Australia
9,543 8,802 5,666 6,024 30,035 
Total revenue$103,339 $68,067 $134,987 $171,823 $478,216 
Six Months Ended June 30, 2022
(in thousands)PaymentsCloud SolutionsPromotional SolutionsChecksConsolidated
United States$316,207 $124,382 $260,128 $355,780 $1,056,497 
Foreign, primarily Canada and Australia
21,155 13,702 12,391 15,223 62,471 
Total revenue$337,362 $138,084 $272,519 $371,003 $1,118,968 
Six Months Ended June 30, 2021
(in thousands)PaymentsCloud SolutionsPromotional SolutionsChecksConsolidated
United States$162,280 $112,777 $248,469 $334,813 $858,339 
Foreign, primarily Canada and Australia20,497 17,510 11,025 12,110 61,142 
Total revenue$182,777 $130,287 $259,494 $346,923 $919,481