SEGMENT INFORMATION The Companys reportable operating segments have been determined in accordance with ASC Topic 280, Segment Reporting. The Company currently operates in the following three reportable operating segments: 1) Through the EFT Processing Segment, the Company processes transactions for a network of ATMs and POS terminals across Europe, the Middle East, Asia Pacific and the United States. The Company provides comprehensive electronic payment solutions consisting of ATM cash withdrawal services, ATM network participation, outsourced ATM and POS management solutions, credit and debit card outsourcing, dynamic currency conversion, domestic and international surcharge and other value added services. Through this segment, the Company also offers a suite of integrated electronic financial transaction software solutions for electronic payment and transaction delivery systems. 2) Through the epay Segment, the Company provides distribution, processing and collection services for prepaid mobile airtime and other electronic payment products in Europe, the Middle East, Asia Pacific, the United States and South America. 3) Through the Money Transfer Segment, the Company provides global money transfer services under the brand names Ria, HiFX, IME and xe. Ria and IME provide global consumer-to-consumer money transfer services through a network of sending agents, Company-owned stores and Company-owned websites, disbursing money transfers through a worldwide correspondent network. HiFX offers account-to-account international payment services to high-income individuals and small-to-medium sized businesses. xe is a provider of foreign currency exchange information and offers money transfers on its currency data websites. The Company also offers customers bill payment services, payment alternatives such as money orders and prepaid debit cards, comprehensive check cashing services, foreign currency exchange services and mobile top-up. The Company provides cash management solutions and foreign currency risk management services to small-to-medium sized businesses under the brand name HiFM. In addition, the Company accounts for non-operating activity, most share-based compensation expense, certain intersegment eliminations and the costs of providing corporate and other administrative services in its administrative division, Corporate Services, Eliminations and Other. These services are not directly identifiable with the Companys reportable operating segments. The following tables present the Companys reportable segment results for the three months ended March 31, 2019 and 2018 : For the Three Months Ended March 31, 2019 (in thousands) EFT Processing epay Money Transfer Corporate Services, Eliminations and Other Consolidated Total revenues $ 145,703 $ 176,114 $ 256,581 $ (889 ) $ 577,509 Operating expenses: Direct operating costs 83,776 133,525 137,404 (872 ) 353,833 Salaries and benefits 19,431 14,753 51,156 7,455 92,795 Selling, general and administrative 9,086 8,052 29,109 1,900 48,147 Depreciation and amortization 16,642 1,785 8,138 75 26,640 Total operating expenses 128,935 158,115 225,807 8,558 521,415 Operating income (expense) $ 16,768 $ 17,999 $ 30,774 $ (9,447 ) $ 56,094 For the Three Months Ended March 31, 2018 (in thousands) EFT Processing epay Money Transfer Corporate Services, Eliminations and Other Consolidated Total revenues $ 135,704 $ 176,845 $ 238,836 $ (870 ) $ 550,515 Operating expenses: Direct operating costs 81,837 134,922 127,431 (866 ) 343,324 Salaries and benefits 17,005 14,417 47,357 6,927 85,706 Selling, general and administrative 9,115 8,733 29,699 2,464 50,011 Depreciation and amortization 16,200 1,878 7,895 29 26,002 Total operating expenses 124,157 159,950 212,382 8,554 505,043 Operating income (expense) $ 11,547 $ 16,895 $ 26,454 $ (9,424 ) $ 45,472 The following table presents the Companys property and equipment and total assets by reportable segment: Property and Equipment, net as of Total Assets as of (in thousands) March 31, 2019 December 31, 2018 March 31, 2019 December 31, 2018 EFT Processing $ 222,338 $ 215,106 $ 1,533,051 $ 1,220,141 epay 34,105 31,172 689,573 780,220 Money Transfer 47,282 45,517 1,461,137 1,310,775 Corporate Services, Eliminations and Other 71 74 130,292 10,019 Total $ 303,796 $ 291,869 $ 3,814,053 $ 3,321,155 The following table presents the Company's revenues disaggregated by segment and region. Sales and usage-based taxes are excluded from revenues. The Company believes disaggregation by segment and region best depicts how the nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factors. The disaggregation of revenues by segment and region is based on management's assessment of segment performance together with allocation of financial resources, both capital and operating support costs, on a segment and regional level. Both segments and regions benefit from synergies achieved through concentration of operations and are influenced by macro-economic, regulatory and political factors in the respective segment and region. For the Three Months Ended March 31, 2019 (in thousands) EFT Processing epay Money Transfer Total Europe $ 107,611 $ 114,906 $ 85,559 $ 308,076 North America 8,205 39,664 134,832 182,701 Asia Pacific 29,877 17,374 30,713 77,964 Other 10 4,170 5,477 9,657 Eliminations    (889 ) Total $ 145,703 $ 176,114 $ 256,581 $ 577,509 For the Three Months Ended March 31, 2018 (in thousands) EFT Processing epay Money Transfer Total Europe 100,087 113,451 73,958 287,496 North America $ 8,016 $ 41,051 $ 128,984 $ 178,051 Asia Pacific 27,594 17,453 32,141 77,188 Other 7 4,890 3,753 8,650 Eliminations    (870 ) Total $ 135,704 $ 176,845 $ 238,836 $ 550,515