Discontinued Operations and Assets Held for Sale

6 Months Ended

Jun. 30, 2014

Discontinued Operations and Disposal Groups [Abstract]

Discontinued Operations and Assets Held for Sale

Discontinued Operations and Assets Held For Sale

Discontinued Operations

Discontinued operations includes the worldwide Management Services business (PBMS), International Mailing Services business (IMS) and Nordic furniture business, which were sold during 2013 and DIS, which was sold in April 2014. The following tables show selected financial information included in discontinued operations:

	Three Months Ended June 30, 2014
	PBMS		IMS		Nordic furniture business		DIS		Total
Revenue	$	—	$	—	$	—	$	3,567	$	3,567
Income from operations before taxes	$	580	$	—	$	—	$	1,018	$	1,598
Gain on sale	—		831		—		25,198		26,029
Income before taxes	580		831		—		26,216		27,627
Tax provision	217		321		—		20,372		20,910
Income from discontinued operations	$	363	$	510	$	—	$	5,844	$	6,717

	Three Months Ended June 30, 2013
	PBMS			IMS			Nordic furniture business			DIS		Total
Revenue	$	219,471		$	2,964		$	13,082		$	19,755	$	255,272
(Loss) income from operations before taxes	$	(117,636	)	$	(378	)	$	(597	)	$	4,418	$	(114,193	)
Loss on sale	—			(2,263		)	—			—		(2,263		)
(Loss) income before taxes	(117,636		)	(2,641		)	(597		)	4,418		(116,456		)
Tax (benefit) provision	(28,153		)	(55		)	(167		)	1,173		(27,202		)
(Loss) income from discontinued operations	$	(89,483	)	$	(2,586	)	$	(430	)	$	3,245	$	(89,254	)

	Six Months Ended June 30, 2014
	PBMS		IMS		Nordic furniture business		DIS		Total
Revenue	$	—	$	—	$	—	$	19,858	$	19,858
Income from operations before taxes	$	334	$	308	$	345	$	3,429	$	4,416
Gain on sale	130		1,994		—		25,198		27,322
Income before taxes	464		2,302		345		28,627		31,738
Tax provision	196		850		97		21,077		22,220
Income from discontinued operations	$	268	$	1,452	$	248	$	7,550	$	9,518

	Six Months Ended June 30, 2013
	PBMS			IMS			Nordic furniture business			DIS		Total
Revenue	$	444,727		$	23,032		$	25,771		$	39,405	$	532,935
(Loss) income before taxes	$	(101,582	)	$	(1,978	)	$	(478	)	$	8,089	$	(95,949	)
Loss on sale	—			(3,913		)	—			—		(3,913		)
(Loss) income before taxes	(101,582		)	(5,891		)	(478		)	8,089		(99,862		)
Tax (benefit) provision	(19,407		)	(1,244		)	(134		)	2,147		(18,638		)
(Loss) income from discontinued operations	$	(82,175	)	$	(4,647	)	$	(344	)	$	5,942	$	(81,224	)

The loss before income taxes for the three and six months ended June 30, 2013 for PBMS include goodwill impairment charges of $100 million and asset impairment charges of $15 million. The inputs used to determine the fair value of the long-lived assets and goodwill were classified as Level 3 in the fair value hierarchy.

Assets Held for Sale

Assets held for sale at June 30, 2014 and December 31, 2013 primarily represents the carrying value of our corporate headquarters building and surrounding land, which we expect to sell by the end of the year.