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Segment Information (Tables)
9 Months Ended
Sep. 30, 2018
Segment Reporting [Abstract]  
Reconciliation of Revenue from Segments to Consolidated Statements
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


Reconciliation of EBIT from Segments to Consolidated
 
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