Segment and Related Information

3 Months Ended

Mar. 31, 2022

Segment Reporting [Abstract]

Segment and Related Information

NOTE 12: SEGMENT AND RELATED INFORMATION

The Company is organized in two segments, Restaurant/Retail and Government. Management views the Restaurant/Retail and Government segments separately in operating its business, as the products and services are different for each segment.

The Restaurant/Retail segment is a provider of software, hardware and services to the restaurant and retail industries. The Restaurant/Retail segment provides multi-unit and individual restaurants, franchisees, and enterprise customers in the three major restaurant categories (fast casual, quick serve, and table service) with operational efficiencies, offering them an integrated cloud solution with Brink POS cloud software for front-of-house, Data Central back-office cloud solution, PAR Pay and PAR Payment Services for payment solutions, and Punchh loyalty and engagement solution, all of which are on the Company's unified commerce cloud platform. This segment also offers customer support, including field service, installation, depot repair, and 24-hour telephone support. The Government segment provides technical expertise and development of advanced systems and software solutions for the DoD, the intelligence community and other federal agencies. This segment also provides support services for satellite command and control, communication, and IT systems at several DoD facilities worldwide.

Information noted as “Other” primarily relates to the Company’s corporate operations.

Information as to the Company’s segments is set forth in the tables below:

(in thousands)	Three Months Ended March 31,
	2022		2021
Net revenues:
Restaurant/Retail	$	58,846	$	36,584
Government	21,439		17,883
Total	$	80,285	$	54,467
Operating (loss) income:
Restaurant/Retail	$	(5,181)	$	(9,285)
Government	1,547		1,190
Other	(9,175)		2,074
Total	(12,809)		(6,021)
Other expense, net	(368)		(51)
Interest expense, net	(2,463)		(2,160)
Loss before provision for income taxes	$	(15,640)	$	(8,232)
Depreciation, amortization and accretion:
Restaurant/Retail	$	5,910	$	2,429
Government	109		36
Other	867		1,525
Total	$	6,886	$	3,990
Capital expenditures including software costs:
Restaurant/Retail	$	1,547	$	1,517
Government	44		152
Other	257		—
Total	$	1,848	$	1,669

(in thousands)	Three Months Ended March 31,
	2022		2021
Revenues by country:
United States	$	75,593	$	50,603
International	4,692		3,864
Total	$	80,285	$	54,467

The following table represents assets by reporting segment.

(in thousands)	March 31, 2022		December 31, 2021
Restaurant/Retail	$	681,911	$	674,032
Government	21,080		14,831
Other	168,705		199,286
Total	$	871,696	$	888,149

The following table represents identifiable long-lived tangible assets by country based on the location of the assets.

(in thousands)	March 31, 2022		December 31, 2021
United States	$	858,071	$	871,184
Other Countries	13,625		16,965
Total	$	871,696	$	888,149

The following table represents goodwill by reporting segment.

(in thousands)	March 31, 2022		December 31, 2021
Restaurant/Retail	$	456,697	$	456,570
Government	736		736
Total	$	457,433	$	457,306

Customers comprising 10% or more of the Company’s total revenues by reporting segment are summarized as follows:

	Three Months Ended March 31,
	2022		2021
Restaurant/Retail reporting segment:
Yum! Brands, Inc.	10	%	12	%
McDonald’s Corporation	10	%	7	%
Government reporting segment:
U.S. Department of Defense	27	%	33	%
All Others	53	%	48	%
	100	%	100	%

No other customer within All Others represented 10% or more of the Company’s total revenue for the three months ended March 31, 2022 or 2021.