Segment Reporting and Major Customers (Tables)

9 Months Ended

Sep. 30, 2013

Operating Segments

The following table presents the Company’s operating results by segment:

Operating Segments	Three months ended September 30,						Nine months ended September 30,
(in thousands)	2013			2012			2013			2012
Revenues before reimbursable items
North America Services	$	217,257			203,497			637,379			613,111
International Services		95,399			98,184			281,201			293,722
Merchant Services		113,650			107,786			335,903			303,842
NetSpend		103,706			—			103,706			—
Intersegment revenues		(3,001	)		(3,415	)		(9,429	)		(10,753	)
Revenues before reimbursable items from external customers	$	527,011			406,052			1,348,760			1,199,922
Total revenues
North America Services	$	252,577			237,625			741,005			717,781
International Services		100,548			102,691			295,731			306,466
Merchant Services		135,616			132,746			404,975			383,167
NetSpend		103,706			—			103,706			—
Intersegment revenues		(4,373	)		(5,003	)		(13,904	)		(15,542	)
Revenues from external customers	$	588,074			468,059			1,531,513			1,391,872
Depreciation and amortization
North America Services	$	18,764			18,583			55,060			55,856
International Services		11,116			14,182			34,424			41,052
Merchant Services		2,890			2,889			9,029			9,385
NetSpend		1,471			—			1,471			—
Segment depreciation and amortization		34,241			35,654			99,984			106,293
Acquisition intangible amortization		24,731			6,919			41,142			18,924
Corporate Administration and Other		475			670			1,364			2,112
Total depreciation and amortization	$	59,447			43,243			142,490			127,329
Adjusted segment operating income
North America Services	$	82,274			70,080			229,373			210,658
International Services		10,729			8,244			26,448			22,842
Merchant Services		40,230			40,909			118,521			119,036
NetSpend		31,248			—			31,248			—
Total adjusted segment operating income		164,481			119,233			405,590			352,536
Acquisition intangible amortization		(24,731	)		(6,919	)		(41,142	)		(18,924	)
NetSpend merger and acquisition operating expenses (non-recurring)		(7,282	)		—			(12,009	)		—
Corporate Administration and Other		(26,840	)		(21,421	)		(76,594	)		(65,791	)
Operating income	$	105,628			90,893			275,845			267,821

	At
	September 30, 2013			December 31, 2012
Total assets
North America Services	$	3,279,829			1,744,877
International Services		399,368			445,642
Merchant Services		685,400			703,725
NetSpend		1,624,850			—
Intersegment eliminations		(2,234,561	)		(870,406	)
Total assets	$	3,754,886			2,023,838

Revenues Based on Domicile of Customers

The following geographic data presents revenues based on the domicile of the Company’s customers:

	Three months ended September 30,				Nine months ended September 30,
(in millions)	2013		2012		2013		2012
United States	$	417.6		305.7		1,035.7		915.0
Europe*		72.0		71.1		213.1		217.9
Canada		61.8		55.0		179.6		156.8
Japan*		17.7		21.1		50.9		59.0
Mexico		4.6		2.9		12.9		7.9
Other*		14.4		12.3		39.3		35.3
Total	$	588.1		468.1		1,531.5		1,391.9

* Revenues are impacted by movements in foreign currency exchange rates.

Reconciliation of Geographic Revenues to Revenues by Operating Segments

The following tables reconcile geographic revenues to revenues by operating segment based on the domicile of the Company’s customers:

	Three months ended September 30,
	North America Services				International Services				Merchant Services				NetSpend
(in millions)	2013		2012		2013		2012		2013		2012		2013		2012
United States	$	178.0		172.6		—		—		135.8		133.1		103.7		—
Europe*		0.2		0.2		71.8		70.9		—		—		—		—
Canada		61.8		54.9		—		—		0.1		0.1		—		—
Japan*		—		—		17.7		21.1		—		—		—		—
Mexico		4.6		2.9		—		—		—		—		—		—
Other*		4.0		2.4		10.2		9.8		0.2		0.1		—		—
Total	$	248.6		233.0		99.7		101.8		136.1		133.3		103.7		—

	Nine months ended September 30,
	North America Services				International Services				Merchant Services				NetSpend
(in millions)	2013		2012		2013		2012		2013		2012		2013		2012
United States	$	526.0		530.5		—		—		406.0		384.5		103.7		—
Europe*		0.6		0.5		212.5		217.4		—		—		—		—
Canada		179.5		156.7		—		—		0.1		0.1		—		—
Japan*		—		—		50.9		59.0		—		—		—		—
Mexico		12.8		7.9		—		—		—		—		—		—
Other*		10.0		7.4		29.0		27.5		0.4		0.4		—		—
Total	$	728.9		703.0		292.4		303.9		406.5		385.0		103.7		—

* Revenues are impacted by movements in foreign currency exchange rates.

Property and Equipment, Net of Accumulated Depreciation and Amortization, by Geographic Areas

The Company maintains property and equipment, net of accumulated depreciation and amortization, in the following geographic areas:

	At
(in millions)	September 30, 2013		December 31, 2012
United States	$	200.6		191.7
Europe*		46.7		51.3
Japan*		6.2		9.5
Other*		6.4		7.9
Total	$	259.9		260.4

* Total assets are impacted by movements in foreign currency exchange rates.