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Segment Information
 9 Months Ended
Sep. 30, 2019
Segment Reporting [Abstract]  
Segment Information Segment Information
Our reportable segments are Global Ecommerce, Presort Services and SendTech Solutions. Global Ecommerce and Presort Services comprise the Commerce Services reporting group. The principal products and services of each reportable segment are as follows:
Global Ecommerce: Includes the revenue and related expenses from products and services that enable domestic and cross-border ecommerce transactions, including shipping, fulfillment and returns.
Presort Services: Includes revenue and related expenses from sortation services to qualify large volumes of First Class Mail, Marketing Mail and Bound and Packet Mail (Marketing Mail Flats and Bound Printed Matter) for postal worksharing discounts.
SendTech Solutions: Includes the revenue and related expenses from sending technology solutions for physical mailing, digital mailing and shipping, financing, services, supplies and other applications to help simplify and save on the sending, tracking and receiving of letters, parcels and flats.
Management measures segment profitability and performance using segment earnings before interest and taxes (EBIT). Segment EBIT is calculated by deducting from segment revenue the related costs and expenses attributable to the segment. Segment EBIT excludes interest, taxes, general corporate expenses, restructuring charges, asset impairment charges, goodwill impairment charges and other items not allocated to a particular business segment. Management believes that it provides investors a useful measure of operating performance and underlying trends of the business. 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,
 
2019
 
2018
 
2019
 
2018
Global Ecommerce
$
278,995

 
$
232,845

 
$
827,568

 
$
718,535

Presort Services
131,483

 
125,334

 
394,468

 
382,522

Commerce Services
410,478

 
358,179

 
1,222,036

 
1,101,057

SendTech Solutions
379,647

 
402,102

 
1,151,746

 
1,253,051

Total revenue
$
790,125

 
$
760,281

 
$
2,373,782

 
$
2,354,108


 
EBIT
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
2019
 
2018
 
2019
 
2018
Global Ecommerce
$
(21,793
)
 
$
(14,330
)
 
$
(51,969
)
 
$
(28,034
)
Presort Services
17,687

 
17,435

 
48,215

 
57,026

Commerce Services
(4,106
)
 
3,105

 
(3,754
)
 
28,992

SendTech Solutions
130,954

 
134,607

 
378,095

 
412,427

Total segment EBIT
126,848

 
137,712

 
374,341

 
441,419

Reconciliation of Segment EBIT to net income:
 
 
 
 
 

 
 

Unallocated corporate expenses
(58,277
)
 
(40,988
)
 
(160,283
)
 
(141,321
)
Restructuring charges and asset impairments, net
(47,017
)
 
(6,099
)
 
(56,616
)
 
(18,771
)
Interest, net
(39,730
)
 
(37,437
)
 
(117,758
)
 
(122,484
)
Other expense
(667
)
 
(7,964
)
 
(18,350
)
 
(7,964
)
Transaction costs
(707
)
 
(36
)
 
(2,573
)
 
(1,091
)
Benefit (provision) for income taxes
24,895

 
2,468

 
13,351

 
(17,235
)
Income from continuing operations
5,345

 
47,656

 
32,112

 
132,553

(Loss) income from discontinued operations, net of tax
(8,470
)
 
32,621

 
(14,199
)
 
59,289

Net (loss) income
$
(3,125
)
 
$
80,277

 
$
17,913

 
$
191,842