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Segment Information (Tables)
9 Months Ended
Sep. 30, 2019
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,
 
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


Reconciliation of EBIT from Segments to Consolidated
 
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