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Segment Information (Tables)
 6 Months Ended
Jun. 30, 2020
Segment Reporting [Abstract]  
Summarized Financial Information Reportable Segments

Summarized financial information concerning the Company’s reportable segments is shown in the following tables. The “Other” column includes any income and expenses not allocated to reportable segments, corporate-related items, including the intercompany interest expense charge to the reporting segment.

 

 

 

Three months ended June 30, 2020

 

(in thousands)

 

Retail

 

 

National

Programs

 

 

Wholesale

Brokerage

 

 

Services

 

 

Other

 

 

Total

 

Total revenues

 

$

312,562

 

 

$

154,667

 

 

$

88,853

 

 

$

42,930

 

 

$

(206

)

 

$

598,806

 

Investment income

 

$

41

 

 

$

129

 

 

$

46

 

 

$

-

 

 

$

117

 

 

$

333

 

Amortization

 

$

16,453

 

 

$

6,866

 

 

$

2,032

 

 

$

1,390

 

 

$

—

 

 

$

26,741

 

Depreciation

 

$

2,147

 

 

$

2,093

 

 

$

467

 

 

$

353

 

 

$

1,108

 

 

$

6,168

 

Interest expense

 

$

21,303

 

 

$

5,195

 

 

$

2,594

 

 

$

1,042

 

 

$

(16,325

)

 

$

13,809

 

Income before income taxes

 

$

36,829

 

 

$

48,344

 

 

$

24,708

 

 

$

6,436

 

 

$

13,084

 

 

$

129,401

 

Total assets

 

$

6,487,850

 

 

$

3,398,709

 

 

$

1,574,931

 

 

$

464,905

 

 

$

(3,725,337

)

 

$

8,201,058

 

Capital expenditures

 

$

3,228

 

 

$

1,532

 

 

$

555

 

 

$

206

 

 

$

13,959

 

 

$

19,480

 

 

 

 

Three months ended June 30, 2019

 

(in thousands)

 

Retail

 

 

National

Programs

 

 

Wholesale

Brokerage

 

 

Services

 

 

Other

 

 

Total

 

Total revenues

 

$

310,738

 

 

$

131,817

 

 

$

81,171

 

 

$

50,797

 

 

$

696

 

 

$

575,219

 

Investment income

 

$

17

 

 

$

380

 

 

$

43

 

 

$

34

 

 

$

1,051

 

 

$

1,525

 

Amortization

 

$

15,357

 

 

$

6,357

 

 

$

2,844

 

 

$

1,396

 

 

$

—

 

 

$

25,954

 

Depreciation

 

$

1,919

 

 

$

1,621

 

 

$

425

 

 

$

303

 

 

$

1,398

 

 

$

5,666

 

Interest expense

 

$

21,201

 

 

$

4,223

 

 

$

1,260

 

 

$

1,203

 

 

$

(11,594

)

 

$

16,293

 

Income before income taxes

 

$

44,217

 

 

$

40,243

 

 

$

22,944

 

 

$

9,268

 

 

$

6,850

 

 

$

123,522

 

Total assets

 

$

5,925,156

 

 

$

2,981,933

 

 

$

1,352,659

 

 

$

466,162

 

 

$

(3,561,143

)

 

$

7,164,767

 

Capital expenditures

 

$

2,408

 

 

$

1,942

 

 

$

513

 

 

$

222

 

 

$

6,903

 

 

$

11,988

 

 

 

 

 

Six months ended June 30, 2019

 

(in thousands)

 

Retail

 

 

National

Programs

 

 

Wholesale

Brokerage

 

 

Services

 

 

Other

 

 

Total

 

Total revenues

 

$

699,969

 

 

$

241,377

 

 

$

151,680

 

 

$

100,289

 

 

$

1,184

 

 

$

1,194,499

 

Investment income

 

$

17

 

 

$

696

 

 

$

83

 

 

$

82

 

 

$

1,728

 

 

$

2,606

 

Amortization

 

$

30,801

 

 

$

12,953

 

 

$

5,693

 

 

$

2,699

 

 

$

—

 

 

$

52,146

 

Depreciation

 

$

3,543

 

 

$

3,211

 

 

$

829

 

 

$

587

 

 

$

3,531

 

 

$

11,701

 

Interest expense

 

$

42,354

 

 

$

9,577

 

 

$

2,587

 

 

$

2,075

 

 

$

(25,102

)

 

$

31,491

 

Income before income taxes

 

$

138,058

 

 

$

59,559

 

 

$

38,513

 

 

$

18,445

 

 

$

17,467

 

 

$

272,042

 

Total assets

 

$

5,925,156

 

 

$

2,981,933

 

 

$

1,352,659

 

 

$

466,162

 

 

$

(3,561,143

)

 

$

7,164,767

 

Capital expenditures

 

$

5,544

 

 

$

6,510

 

 

$

1,702

 

 

$

331

 

 

$

21,087

 

 

$

35,174