Segment Information

In January 2018, we revised our business reporting groups to reflect how we manage these groups and clients served in each market. The Commerce Services group was formed and includes our Global Ecommerce and Presort Services segments. Additionally, the operating results of the Production Mail Business have been classified as discontinued operations and segment operating results for the prior year have been recast to conform to the current year presentation. The principal products and services of each of our reportable segments are as follows:

Commerce Services:

Global Ecommerce: Includes the worldwide revenue and related expenses from cross-border ecommerce transactions and domestic retail and ecommerce shipping solutions, including fulfillment and returns.

Presort Services: Includes revenue and related expenses from sortation services that allow clients to qualify large volumes of First Class Mail, Marketing Mail and Bound and Packet Mail (Standard Flats and Bound Printed Matter) for postal worksharing discounts.

Small & Medium Business Solutions:

North America Mailing: Includes the revenue and related expenses from mailing and shipping solutions, financing services and supplies for small and medium businesses to efficiently create physical and digital mail, evidence postage and simplify and save on the sending, tracking and receiving of letters, parcels and flats in the U.S. and Canada.

International Mailing: Includes the revenue and related expenses from mailing and shipping solutions, financing services and supplies for small and medium businesses to efficiently create physical and digital mail, evidence postage and simplify and save on the sending, tracking and receiving of letters, parcels and flats in areas outside the U.S. and Canada.

Software Solutions:

Includes the worldwide revenue and related expenses from the licensing of customer engagement, customer information, and location intelligence software, data solutions and related support services.

Management uses segment earnings before interest and taxes (EBIT) to measure profitability and performance at the segment level and believes that it provides a useful measure of operating performance and underlying trends of the business. We determine segment EBIT by deducting from segment revenue the related costs and expenses attributable to the segment. Segment EBIT excludes interest, taxes, general corporate expenses, restructuring charges and other items not allocated to a particular business segment. Segment EBIT may not be indicative of our overall consolidated performance and therefore, should be read in conjunction with our consolidated results of operations. The following tables provide information about our reportable segments and reconciliation of segment EBIT to net income.

Revenue and EBIT by business segment is presented below:



	Revenue
	Three Months Ended September 30,				Nine Months Ended September 30,
	2018		2017		2018		2017
Global Ecommerce	$	232,845	$	106,181	$	718,535	$	288,839
Presort Services	125,334		119,074		382,522		370,203
Commerce Services	358,179		225,255		1,101,057		659,042
North America Mailing	313,965		320,091		954,080		1,016,993
International Mailing	84,970		93,858		276,365		282,482
Small & Medium Business Solutions	398,935		413,949		1,230,445		1,299,475
Software Solutions	75,742		94,069		243,738		248,349
Total revenue	$	832,856	$	733,273	$	2,575,240	$	2,206,866



	EBIT
	Three Months Ended September 30,						Nine Months Ended September 30,
	2018			2017			2018			2017
Global Ecommerce	$	(14,330	)	$	(9,594	)	$	(28,034	)	$	(17,894	)
Presort Services	17,435			19,474			57,026			69,461
Commerce Services	3,105			9,880			28,992			51,567
North America Mailing	118,070			107,963			352,833			370,004
International Mailing	12,794			8,809			42,040			36,239
Small & Medium Business Solutions	130,864			116,772			394,873			406,243
Software Solutions	3,525			18,531			24,450			24,928
Total segment EBIT	137,494			145,183			448,315			482,738
Reconciling items:
Unallocated corporate expenses	(39,696		)	(41,322		)	(137,257		)	(151,473		)
Interest, net	(37,437		)	(41,230		)	(122,484		)	(120,323		)
Restructuring charges and asset impairments, net	(7,232		)	(1,470		)	(19,639		)	(29,109		)
Gain from the sale of technology	—			—			—			6,085
Transaction costs	(36		)	(4,896		)	(1,089		)	(4,896		)
Other expense	(7,964		)	—			(7,964		)	—
Income from continuing operations before income taxes	45,129			56,265			159,882			183,022
(Benefit) provision for income taxes	(1,976		)	10,828			20,745			38,700
Income from discontinued operations, net of tax	29,848			11,921			39,543			27,070
Net income	$	76,953		$	57,358		$	178,680		$	171,392