Quarterly report pursuant to Section 13 or 15(d)

Segment Information (Tables)

v3.21.2
Segment Information (Tables)
9 Months Ended
Sep. 30, 2021
Segment Information  
Schedule of financial information of reportable segments and reconciliations to consolidated financial information

The following tables provide financial information for our two reportable segments and reconciliations to consolidated financial information for the periods presented:

    

Three Months Ended September 30, 

Nine Months Ended September 30, 

    

2021

    

2020

    

2021

    

2020

Segment adjusted EBITDA (loss):

Vertical Software

$

7,712

$

7,673

$

19,041

$

15,875

Insurance

 

5,473

 

313

 

3,067

 

(62)

Corporate and Other

 

(12,312)

 

(9,421)

 

(40,754)

 

(30,272)

Divested Businesses

160

Total segment adjusted EBITDA (loss)

 

873

 

(1,435)

 

(18,646)

 

(14,299)

Reconciling items:

Depreciation and amortization

(4,431)

(3,104)

(10,787)

(5,021)

Non-cash stock-based compensation

(5,884)

(507)

(29,249)

(1,239)

Non-cash bonus expense

(695)

(1,378)

Acquisition and related (income) expense(1)

(1,958)

1,537

(4,648)

386

Non-cash long-lived asset impairment charge

(76)

(239)

(216)

(540)

Revaluation of contingent consideration

(195)

(100)

380

(1,500)

Investment income and realized gains

(248)

(448)

Operating loss

$

(12,614)

$

(3,848)

$

(64,992)

$

(22,213)

(1) Acquisition and related (income) expense in the nine months ended September 2021 and 2020, includes $112 thousand and $302 thousand of non-cash stock based compensation related to legacy acquisitions.