Quarterly report pursuant to Section 13 or 15(d)

Segment Information (Tables)

v3.19.1
Segment Information (Tables)
3 Months Ended
Mar. 31, 2019
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information by Segment
Information on segments and reconciliations to consolidated revenues, consolidated income (loss) from operations, and consolidated depreciation and amortization are as follows for the periods presented:

 
 
Quarter Ended March 31,
(in thousands)
 
2019
 
2018
Revenues:
 
 
 
 
Consumer Payments
 
$
89,822

 
$
108,981

Commercial Payments and Managed Services
 
10,155

 
6,615

Consolidated Revenues
 
$
99,977

 
$
115,596

 
 
 
 
 
Income (loss) from operations:
 
 
 
 
Consumer Payments
 
$
7,719

 
$
15,215

Commercial Payments and Managed Services
 
(684
)
 
(327
)
Corporate
 
(6,069
)
 
(7,010
)
Consolidated income from operations
 
$
966

 
$
7,878

 
 
 
 
 
Depreciation and amortization:
 
 
 
 
Consumer Payments
 
$
7,808

 
$
3,436

Commercial Payments and Managed Services
 
789

 
140

Corporate
 
328

 
191

Consolidated depreciation and amortization
 
$
8,925

 
$
3,767


Reconciliation of Revenue from Segments to Consolidated
A reconciliation of total income from operations of reportable segments to the Company's net loss is provided in the following table:

(in thousands)
 
Quarter Ended March 31,
 
 
2019
 
2018
 
 
 
 
 
Total income from operations of reportable segments
 
$
7,035

 
$
14,888

Less Corporate
 
(6,069
)
 
(7,010
)
Less interest expense
 
(9,363
)
 
(6,929
)
Plus (less) other, net
 
227

 
(4,126
)
Income tax benefit
 
(1,724
)
 

     Net loss
 
$
(6,446
)
 
$
(3,177
)