0000078814-19-000044.txt : 20191203 0000078814-19-000044.hdr.sgml : 20191203 20191203110931 ACCESSION NUMBER: 0000078814-19-000044 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 17 CONFORMED PERIOD OF REPORT: 20191202 ITEM INFORMATION: Completion of Acquisition or Disposition of Assets ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20191203 DATE AS OF CHANGE: 20191203 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PITNEY BOWES INC /DE/ CENTRAL INDEX KEY: 0000078814 STANDARD INDUSTRIAL CLASSIFICATION: OFFICE MACHINES, NEC [3579] IRS NUMBER: 060495050 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-03579 FILM NUMBER: 191264903 BUSINESS ADDRESS: STREET 1: PITNEY BOWES INC STREET 2: 3001 SUMMER STREET CITY: STAMFORD STATE: CT ZIP: 06926-0700 BUSINESS PHONE: 203-356-5000 MAIL ADDRESS: STREET 1: 3001 SUMMER STREET CITY: STAMFORD STATE: CT ZIP: 06926-0700 8-K 1 a8-kforsoftwaresolutio.htm 8-K Document
false0000078814 0000078814 2019-12-02 2019-12-02
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549 

FORM 8-K

Current Report

Pursuant to Section 13 or 15(d) of the Securities
Exchange Act of 1934

December 2, 2019
Date of Report (Date of earliest event reported)

Pitney Bowes Inc.
(Exact name of registrant as specified in its charter)
Delaware
1-3579
06-0495050
(State or other jurisdiction of
incorporation or organization)
(Commission file number)
(I.R.S. Employer Identification No.)

Address:
3001 Summer Street,
Stamford,
Connecticut
06926
 
Telephone Number:
(203)
356-5000
 
 
 
 

Not Applicable
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:
Title of Each Class
 
Trading Symbol(s)
 
Name of Each Exchange on Which Registered
Common Stock, $1 par value per share
 
PBI
 
New York Stock Exchange
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Securities Act.




ITEM 2.01 COMPLETION OF ACQUISITION OR DISPOSITION OF ASSETS.
On December 2, 2019, Pitney Bowes Inc. (the Company) completed the previously announced sale of its Software Solutions business (the Business), with the exception of one non-U.S. jurisdiction, to Starfish Parent, LP (the Purchaser), an affiliate of Syncsort Incorporated, pursuant to the Stock and Asset Purchase Agreement, dated as of August 23, 2019, between the Company and the Purchaser. The sale of the one non-U.S. jurisdiction is expected to close in the first quarter of 2020, subject to regulatory approval.
Cash proceeds from the transaction, net of working capital and other adjustments, received at the closing were approximately $700 million. Net proceeds from the sale, after closing costs, transaction fees and taxes will primarily be used to pay down debt.

On December 2, 2019, the Company issued a press release announcing the sale of the Business. A copy of the press release is attached hereto as Exhibit 99.2 and is incorporated herein by reference.

ITEM 7.01 REGULATION FD DISCLOSURE    
The historical operations of Software Solutions were reclassified as discontinued operations. Certain unaudited financial information reflecting Software Solutions as a discontinued operation can be found at the Company's web site at www.pb.com/investorrelations under Financial Reporting. 

ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS
(b) Pro forma financial information.
The Company's unaudited pro forma consolidated financial information giving effect to the sale of the Business is attached hereto as Exhibit 99.1 and incorporated herein by reference.
(d) Exhibits
EXHIBIT INDEX
Exhibit No.    Exhibit Description
99.1
99.2

104
The cover page of Pitney Bowes Inc.'s Current Report on Form 8-K, formatted in Inline XBRL (included as Exhibit 101).










SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
 
 
Pitney Bowes Inc.
 
 
 
 
By:
/s/ Joseph R. Catapano
 
Name: Joseph R. Catapano
Date: December 3, 2019
Title: Vice President, Chief Accounting Officer (Principal Accounting Officer)
 

EX-99.1 2 ex991unauditedproforma.htm EXHIBIT 99.1 Exhibit
Exhibit 99.1
UNAUDITED PRO FORMA CONDENSED CONSOLIDATED FINANCIAL INFORMATION

Overview
On August 23, 2019, Pitney Bowes Inc. (the Company) entered into a Stock and Asset Purchase Agreement (the Purchase Agreement) with Starfish Parent, LP (the Purchaser), an affiliate of Syncsort Incorporated, pursuant to which the Company agreed to sell its Software Solutions business. On December 2, 2019 (the Closing Date), the Company completed the sale of its Software Solutions business (the Disposition) to the Purchaser. The historical operations of the Software Solutions business were presented as a discontinued operation in the Company's financial statements effective September 30, 2019.

Unaudited Pro Forma Condensed Consolidated Financial Information
The following unaudited pro forma condensed consolidated financial information (Pro Forma Information) has been derived from the Company's historical consolidated financial statements and reflects certain assumptions and adjustments that management believes are reasonable under the circumstances and given the information available at this time. The Pro Forma Information reflects adjustments that, in the opinion of management, are necessary to present fairly the pro forma financial position as of September 30, 2019 and results of operations for the nine months ended September 30, 2019 and years ended December 31, 2018, 2017 and 2016. The Pro Forma Information is provided for informational purposes only and is not intended to represent what the Company's financial position or results of operations would have been had the disposition occurred on September 30, 2019 for the unaudited pro forma condensed consolidated balance sheet and as of January 1, 2016 for the unaudited pro forma consolidated statements of income, nor is it indicative of its future financial position or results of operations. The Pro Forma Information should be read in conjunction with the Company's historical consolidated financial statements and accompanying notes.
The following is a brief description of the amounts reported under each of the column headings in the Pro Forma Information:

Historical
The historical consolidated balance sheet as of September 30, 2019 and the consolidated statement of income for the nine months ended September 30, 2019 were derived from the Company's unaudited condensed consolidated financial statements included in its Quarterly Report on Form 10-Q for the quarter ended September 30, 2019. The historical consolidated statements of income for each of the years ended December 31, 2018, 2017 and 2016 were derived from the Company's audited consolidated financial statements included in its Annual Report on Form 10-K for the year ended December 31, 2018.

Discontinued Operations
This column represents the results of operations of the Software Solutions business in the Company's historical consolidated statements of income for the years ended December 31, 2018, 2017 and 2016.

Continuing Operations
This column represents the Company's results of operations excluding the results of operations of the Software Solutions business.

Pro Forma Adjustments
This column gives effect to the cash proceeds received from the Disposition, the payment of transaction costs and taxes, and the redemption of the Company's outstanding $300 million Notes due September 2020 (September 2020 Notes).
The pro forma adjustments are based on available information and assumptions that management believes reasonably reflects the impact of the Disposition, are factually supportable, and for purposes of the pro forma consolidated statements of income, are expected to have a continuing impact on the Company. The pro forma adjustments do not reflect future events that may occur after the Disposition, including the realization of any cost savings. Additional information about the pro forma adjustments can be found in the Notes to Unaudited Pro Forma Consolidated Financial Information. There are no pro forma adjustments for the year ended December 31, 2016.




Pitney Bowes Inc.
Condensed Consolidated Balance Sheet
As of September 30, 2019
(Unaudited; in thousands, except share and per share amounts)
 
Historical
 
Pro Forma Adjustments
 
Pro Forma
ASSETS
 

 
 
 
 
Current assets:
 

 
 
 
 
Cash and cash equivalents
$
514,851

 
$
313,629

(a)
$
828,480

Short-term investments
137,032

 

 
137,032

Accounts and other receivables, net
365,522

 

 
365,522

Short-term finance receivables, net
617,178

 

 
617,178

Inventories
76,339

 

 
76,339

Current income taxes
25,598

 

 
25,598

Other current assets and prepayments
101,829

 

 
101,829

Assets of discontinued operations
568,413

 
(568,413
)
(b)

Total current assets
2,406,762

 
(254,784
)
 
2,151,978

Property, plant and equipment, net
371,666

 

 
371,666

Rental property and equipment, net
39,400

 

 
39,400

Long-term finance receivables, net
616,746

 

 
616,746

Goodwill
1,317,037

 

 
1,317,037

Intangible assets, net
199,715

 

 
199,715

Operating lease assets
172,617

 

 
172,617

Noncurrent income taxes
80,561

 

 
80,561

Other assets
392,720

 

 
392,720

Total assets
$
5,597,224

 
$
(254,784
)
 
$
5,342,440

 
 
 
 
 
 
LIABILITIES AND STOCKHOLDERS’ EQUITY
 
 
 
 
Current liabilities:
 
 
 
 
 
Accounts payable and accrued liabilities
$
1,337,214

 
$
(10,466
)
(c)
$
1,326,748

Current operating lease liabilities
34,091

 

 
34,091

Current portion of long-term debt
501,728

 
(299,145
)
(d)
202,583

Advance billings
106,968

 

 
106,968

Current income taxes
8,525

 

 
8,525

Liabilities of discontinued operations
157,034

 
(157,034
)
(b)

Total current liabilities
2,145,560

 
(466,645
)
 
1,678,915

Long-term debt
2,567,363

 

 
2,567,363

Deferred taxes on income
253,151

 

 
253,151

Tax uncertainties and other income tax liabilities
45,179

 

 
45,179

Noncurrent operating lease liabilities
148,125

 

 
148,125

Other noncurrent liabilities
412,434

 

 
412,434

Total liabilities
5,571,812

 
(466,645
)
 
5,105,167

 
 
 
 
 
 
Stockholders' equity:
 
 
 
 
 
Common stock, $1 par value (480,000,000 shares authorized; 323,337,912 shares issued)
323,338

 

 
323,338

Additional paid-in capital
101,651

 

 
101,651

Retained earnings
5,270,741

 
211,861

(e)
5,482,602

Accumulated other comprehensive loss
(926,452
)
 

 
(926,452
)
Treasury stock, at cost (153,182,446 shares)
(4,743,866
)
 

 
(4,743,866
)
Total stockholders’ equity
25,412

 
211,861

 
237,273

Total liabilities and stockholders’ equity
$
5,597,224

 
$
(254,784
)
 
$
5,342,440




Pitney Bowes Inc.
Condensed Consolidated Statement of Income
For the Nine Months Ended September 30, 2019
(Unaudited; in thousands, except per share amounts)
 
 
 
 
 
 
Historical
 
Pro Forma Adjustments
 
Pro Forma
Revenue:
 

 
 
 
 
Equipment sales
$
264,956

 
$

 
$
264,956

Supplies
142,261

 

 
142,261

Rentals
60,339

 

 
60,339

Financing
280,039

 

 
280,039

Support services
382,578

 

 
382,578

Business services
1,243,609

 

 
1,243,609

Total revenue
2,373,782

 

 
2,373,782

Costs and expenses:
 
 
 
 
 
Cost of equipment sales
182,094

 

 
182,094

Cost of supplies
37,533

 

 
37,533

Cost of rentals
23,223

 

 
23,223

Financing interest expense
33,433

 

 
33,433

Cost of support services
123,453

 

 
123,453

Cost of business services
1,003,483

 

 
1,003,483

Selling, general and administrative
757,228

 

 
757,228

Research and development
38,421

 

 
38,421

Restructuring charges and asset impairments, net
56,616

 

 
56,616

Interest expense, net
84,325

 
(9,440
)
(f)
74,885

Other components of net pension and post retirement cost
(3,138
)
 

 
(3,138
)
Other expense
18,350

 

 
18,350

Total costs and expenses
2,355,021

 
(9,440
)
 
2,345,581

Income before income taxes
18,761

 
9,440

 
28,201

(Benefit) provision for income taxes
(13,351
)
 
2,407

(g)
(10,944
)
Net income
$
32,112

 
$
7,033

 
$
39,145

Earnings per share:
 
 
 
 
 
Basic
$
0.18

 
 
 
$
0.22

Diluted
$
0.18

 
 
 
$
0.22

 
 
 
 
 
 
Weighted average number of shares outstanding:
 
 
 
 
 
Basic
178,048

 
 
 
178,048

Diluted
179,096

 
 
 
179,096









Pitney Bowes Inc.
Condensed Consolidated Statement of Income
For the Year Ended December 31, 2018
(In thousands, except per share amounts)
 
 
 
 
 
 
 
 
 
Historical
 
Discontinued Operations
 
Continuing Operations
 
Pro Forma Adjustments
 
Pro Forma
Revenue:
 

 
 
 
 
 
 
 
 
Equipment sales
$
430,451

 
$

 
$
430,451

 
$

 
$
430,451

Supplies
218,304

 

 
218,304

 

 
218,304

Software
340,855

 
340,855

 

 

 

Rentals
363,057

 

 
363,057

 

 
363,057

Financing
314,778

 

 
314,778

 

 
314,778

Support services
293,413

 

 
293,413

 

 
293,413

Business services
1,561,522

 

 
1,561,522

 

 
1,561,522

Total revenue
3,522,380

 
340,855

 
3,181,525

 

 
3,181,525

Costs and expenses:
 
 
 
 
 
 
 
 
 
Cost of equipment sales
181,766

 

 
181,766

 

 
181,766

Cost of supplies
60,960

 

 
60,960

 

 
60,960

Cost of software
100,681

 
100,681

 

 

 

Cost of rentals
86,330

 

 
86,330

 

 
86,330

Financing interest expense
48,857

 

 
48,857

 

 
48,857

Cost of support services
168,271

 

 
168,271

 

 
168,271

Cost of business services
1,246,084

 

 
1,246,084

 

 
1,246,084

Selling, general and administrative
1,123,116

 
150,649

 
972,467

 

 
972,467

Research and development
125,588

 
39,235

 
86,353

 

 
86,353

Restructuring charges and asset impairments, net
27,077

 
704

 
26,373

 

 
26,373

Interest expense, net
110,900

 

 
110,900

 
(11,979
)
(f)
98,921

Other components of net pension and postretirement cost
22,425

 

 
22,425

 

 
22,425

Other expense
7,964

 

 
7,964

 

 
7,964

Total costs and expenses
3,310,019

 
291,269

 
3,018,750

 
(11,979
)
 
3,006,771

Income before income taxes
212,361

 
49,586

 
162,775

 
11,979

 
174,754

Provision (benefit) for income taxes
12,383

 
13,167

 
(784
)
 
3,031

(g)
2,247

Net income
$
199,978

 
$
36,419

 
$
163,559

 
$
8,948

 
$
172,507

Earnings per share:
 
 
 
 
 
 
 
 
 
Basic
$
1.07

 
 
 
 
 
 
 
$
0.92

Diluted
$
1.06

 
 
 
 
 
 
 
$
0.92

 
 
 
 
 
 
 
 
 
 
Weighted average number of shares outstanding:
 
 
 
 
 
 
 
 
 
Basic
187,277

 
 
 
 
 
 
 
187,277

Diluted
188,382

 
 
 
 
 
 
 
188,382






Pitney Bowes Inc.
Condensed Consolidated Statement of Income
For the Year Ended December 31, 2017
(In thousands, except per share amounts)
 
 
 
 
 
 
 
 
 
Historical
 
Discontinued Operations
 
Continuing Operations
 
Pro Forma Adjustments
 
Pro Forma
Revenue:
 

 
 
 
 
 
 
 
 
Equipment sales
$
476,691

 
$

 
$
476,691

 
$

 
$
476,691

Supplies
231,412

 

 
231,412

 

 
231,412

Software
331,843

 
331,843

 

 

 

Rentals
384,123

 

 
384,123

 

 
384,123

Financing
330,985

 

 
330,985

 

 
330,985

Support services
299,792

 

 
299,792

 

 
299,792

Business services
1,068,426

 

 
1,068,426

 

 
1,068,426

Total revenue
3,123,272

 
331,843

 
2,791,429

 

 
2,791,429

Costs and expenses:
 
 
 
 
 
 
 
 

Cost of equipment sales
201,116

 

 
201,116

 

 
201,116

Cost of supplies
66,302

 

 
66,302

 

 
66,302

Cost of software
95,033

 
95,033

 

 

 

Cost of rentals
82,703

 

 
82,703

 

 
82,703

Financing interest expense
50,665

 

 
50,665

 

 
50,665

Cost of support services
163,889

 

 
163,889

 

 
163,889

Cost of business services
773,052

 

 
773,052

 

 
773,052

Selling, general and administrative
1,170,905

 
149,890

 
1,021,015

 

 
1,021,015

Research and development
118,703

 
41,163

 
77,540

 

 
77,540

Restructuring charges and asset impairments, net
56,223

 
11,374

 
44,849

 

 
44,849

Interest expense, net
113,497

 

 
113,497

 
(3,472
)
(f)
110,025

Other components of net pension and post retirement cost
5,413

 

 
5,413

 

 
5,413

Other expense
3,856

 

 
3,856

 

 
3,856

Total costs and expenses
2,901,357

 
297,460

 
2,603,897

 
(3,472
)
 
2,600,425

Income before income taxes
221,915

 
34,383

 
187,532

 
3,472

 
191,004

Provision (benefit) for income taxes
553

 
10,870

 
(10,317
)
 
1,340

(g)
(8,977
)
Net income
$
221,362

 
$
23,513

 
$
197,849

 
$
2,132

 
$
199,981

Earnings per share:
 
 
 
 
 
 
 
 
 
Basic
$
1.19

 
 
 
 
 
 
 
$
1.07

Diluted
$
1.18

 
 
 
 
 
 
 
$
1.07

 
 
 
 
 
 
 
 
 
 
Weighted average number of shares outstanding:
 
 
 
 
 
 
 
 
 
Basic
186,332

 
 
 
 
 
 
 
186,332

Diluted
187,435

 
 
 
 
 
 
 
187,435





Pitney Bowes Inc.
Condensed Consolidated Statement of Income
For the Year Ended December 31, 2016
(In thousands, except per share amounts)
 
 
 
 
 
 
 
 
 
Historical
 
Discontinued Operations
 
Continuing Operations
 
Pro Forma Adjustments
 
Pro Forma
Revenue:
 

 
 
 
 
 
 
 
 
Equipment sales
$
480,031

 
$

 
$
480,031

 
$

 
$
480,031

Supplies
241,950

 

 
241,950

 

 
241,950

Software
325,577

 
325,577

 

 

 

Rentals
410,241

 

 
410,241

 

 
410,241

Financing
366,424

 

 
366,424

 

 
366,424

Support services
329,424

 

 
329,424

 

 
329,424

Business services
827,676

 

 
827,676

 

 
827,676

Total revenue
2,981,323

 
325,577

 
2,655,746

 

 
2,655,746

Costs and expenses:
 
 
 
 
 
 
 
 

Cost of equipment sales
203,220

 

 
203,220

 

 
203,220

Cost of supplies
65,509

 

 
65,509

 

 
65,509

Cost of software
96,151

 
96,151

 

 

 

Cost of rentals
74,457

 

 
74,457

 

 
74,457

Financing interest expense
55,241

 

 
55,241

 

 
55,241

Cost of support services
166,247

 

 
166,247

 

 
166,247

Cost of business services
568,509

 

 
568,509

 

 
568,509

Selling, general and administrative
1,140,100

 
160,563

 
979,537

 

 
979,537

Research and development
107,378

 
40,208

 
67,170

 

 
67,170

Restructuring charges and asset impairments, net
60,295

 
13,347

 
46,948

 

 
46,948

Goodwill impairment
148,181

 
148,181

 

 

 

Interest expense, net
88,970

 

 
88,970

 

 
88,970

Other components of net pension and post retirement cost
5,276

 

 
5,276

 

 
5,276

Total costs and expenses
2,779,534

 
458,450

 
2,321,084

 

 
2,321,084

Income (loss) before income taxes
201,789

 
(132,873
)
 
334,662

 

 
334,662

Provision (benefit) for income taxes
106,975

 
(2,184
)
 
109,159

 

 
109,159

Net income (loss)
94,814

 
(130,689
)
 
225,503

 

 
225,503

Less: Preferred stock dividends of subsidiaries attributable to noncontrolling interests
19,045

 

 
19,045

 

 
19,045

Net income (loss) - Pitney Bowes Inc.
$
75,769

 
$
(130,689
)
 
$
206,458

 
$

 
$
206,458

Earnings (loss) per share:
 
 
 
 
 
 
 
 
 
Basic
$
0.40

 
 
 
 
 
 
 
$
1.10

Diluted
$
0.40

 
 
 
 
 
 
 
$
1.09

 
 
 
 
 
 
 
 
 
 
Weighted average number of shares outstanding:
 
 
 
 
 
 
 
 
 
Basic
187,945

 
 
 
 
 
 
 
187,945

Diluted
188,975

 
 
 
 
 
 
 
188,975






Notes to Unaudited Pro Forma Condensed Consolidated Financial Information
(a)
The pro forma impact on cash and cash equivalents is as follows (amounts in millions):
Cash proceeds from the Disposition
$
700.0

Estimated tax payment
(63.7
)
Estimated transaction and closing costs
(13.8
)
Net cash proceeds from the Disposition
622.5

Repayment of September 2020 Notes
(308.9
)
Net impact on cash and cash equivalents
$
313.6


(b)
Represents the elimination of the historical assets and liabilities of Software Solutions from the Company’s Condensed Consolidated Balance Sheet at September 30, 2019.
(c)
Represents accrued transactions costs ($10 million) and accrued interest on the September 2020 Notes ($0.5 million) at September 30, 2019.
(d)
Represents the carrying value of the September 2020 Notes at September 30, 2019, comprised of the face amount of $300 million less $0.9 million of unamortized discount.
(e)
Represents the impact of the pro forma balance sheet adjustments discussed in (a) - (d) above.
(f)
Represents the actual interest expense on the September 2020 Notes during the period.
(g)
Represents the tax effect of the above adjustment applied at the statutory rate in effect for the period.
Other
The Company and the Purchaser entered into a Transition Services Agreement (TSA) whereby the Company will perform certain support functions for a period of three to nine months. Income and expenses related to the TSA have not been included as a pro forma adjustment as the TSA will not have a continuing impact on the Company's future results.




EX-99.2 3 ex992pressrelease.htm EXHIBIT 99.2 Exhibit






dealcloseprimage.gif

Exhibit 99.2

Pitney Bowes Completes Sale of Software Solutions Business
to Syncsort

STAMFORD, Conn., Dec. 2, 2019 - Pitney Bowes (NYSE:PBI), a global technology company that provides commerce solutions in the areas of ecommerce, shipping, mailing, and financial services, today announced that the previously disclosed sale of its Software Solutions Business to Syncsort for $700 million in cash has been completed, with the exception of its software and data business in Australia, which is expected to close in the first quarter of 2020, subject to regulatory approval.

Net proceeds from the sale, after closing costs, transaction fees and taxes will primarily be used to pay down debt. In the third and fourth quarter, the Company repaid term loans, secured a new Term Loan A and replaced its revolving credit facility.
The company first announced the sale of its Software Solutions Business to Syncsort in August 2019.
 
Goldman Sachs served as financial advisor to Pitney Bowes and Cravath, Swaine & Moore was the Company’s legal advisor. 

Recast Financial Statements
The operations of the Software Solutions Business have been classified as a discontinued operation in the Company's third quarter 2019 Form 10-Q.  Amounts for the prior periods were reclassified to conform to this presentation.  Certain reclassified historical financial information reflecting the operations of the Software Solutions Business as a discontinued operations, can be found at the company’s website at www.pb.com/investorrelations under Financial Reporting. 

About Pitney Bowes
Pitney Bowes (NYSE:PBI) is a global technology company providing commerce solutions that power billions of transactions. Clients around the world, including 90 percent of the Fortune 500, rely on the accuracy and precision delivered by Pitney Bowes solutions, analytics, and APIs in the areas of ecommerce fulfillment, shipping and returns; cross-border ecommerce; office mailing and shipping; presort services; and financing. For nearly 100 years Pitney Bowes has been innovating and delivering technologies that remove the complexity of getting commerce transactions precisely right. For additional information visit Pitney Bowes, the Craftsmen of Commerce, at www.pitneybowes.com.

Editorial:                        Financial:
Bill Hughes                        Adam David
Chief Communications Officer            VP, Investor Relations
203-351-6785                    203-351-7175


EX-101.SCH 4 pbi-20191202.xsd XBRL TAXONOMY EXTENSION SCHEMA DOCUMENT 0001000 - Document - Cover Page link:presentationLink link:calculationLink link:definitionLink EX-101.CAL 5 pbi-20191202_cal.xml XBRL TAXONOMY EXTENSION CALCULATION LINKBASE DOCUMENT EX-101.DEF 6 pbi-20191202_def.xml XBRL TAXONOMY EXTENSION DEFINITION LINKBASE DOCUMENT EX-101.LAB 7 pbi-20191202_lab.xml XBRL TAXONOMY EXTENSION LABEL LINKBASE DOCUMENT Cover page. Document Type Document Type Document Period End Date Document Period End Date Entity Registrant Name Entity Registrant Name Entity Incorporation, State or Country Code Entity Incorporation, State or Country Code Entity File Number Entity File Number Entity Tax Identification Number Entity Tax Identification Number Entity Address, Address Line One Entity Address, Address Line One Entity Address, City or Town Entity Address, City or Town Entity Address, State or Province Entity Address, State or Province Entity Address, Postal Zip Code Entity Address, Postal Zip Code City Area Code City Area Code Local Phone Number Local Phone Number Written Communications Written Communications Soliciting Material Soliciting Material Pre-commencement Tender Offer Pre-commencement Tender Offer Pre-commencement Issuer Tender Offer Pre-commencement Issuer Tender Offer Title of 12(b) Security Title of 12(b) Security Trading Symbol Trading Symbol Security Exchange Name Security Exchange Name Entity Emerging Growth Company Entity Emerging Growth Company Entity Central Index Key Entity Central Index Key Amendment Flag Amendment Flag EX-101.PRE 8 pbi-20191202_pre.xml XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE DOCUMENT GRAPHIC 9 dealcloseprimage.gif begin 644 dealcloseprimage.gif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report.css IDEA: XBRL DOCUMENT /* Updated 2009-11-04 */ /* v2.2.0.24 */ /* DefRef Styles */ ..report table.authRefData{ background-color: #def; border: 2px solid #2F4497; font-size: 1em; position: absolute; } ..report table.authRefData a { display: block; font-weight: bold; } ..report table.authRefData p { margin-top: 0px; } ..report table.authRefData .hide { background-color: #2F4497; padding: 1px 3px 0px 0px; text-align: right; } ..report table.authRefData .hide a:hover { background-color: #2F4497; } ..report table.authRefData .body { height: 150px; overflow: auto; width: 400px; } ..report table.authRefData table{ font-size: 1em; } /* Report Styles */ ..pl a, .pl a:visited { color: black; text-decoration: none; } /* table */ ..report { background-color: white; border: 2px solid #acf; clear: both; color: black; font: normal 8pt Helvetica, Arial, san-serif; margin-bottom: 2em; } ..report hr { border: 1px solid #acf; } /* Top labels */ ..report th { background-color: #acf; color: black; font-weight: bold; text-align: center; } ..report th.void { background-color: transparent; color: #000000; font: bold 10pt Helvetica, Arial, san-serif; text-align: left; } ..report .pl { text-align: left; vertical-align: top; white-space: normal; width: 200px; white-space: normal; /* word-wrap: break-word; */ } ..report td.pl a.a { cursor: pointer; display: block; width: 200px; overflow: hidden; } ..report td.pl div.a { width: 200px; } ..report td.pl a:hover { background-color: #ffc; } /* Header rows... */ ..report tr.rh { background-color: #acf; color: black; font-weight: bold; } /* Calendars... */ ..report .rc { background-color: #f0f0f0; } /* Even rows... */ ..report .re, .report .reu { background-color: #def; } ..report .reu td { border-bottom: 1px solid black; } /* Odd rows... */ ..report .ro, .report .rou { background-color: white; } ..report .rou td { border-bottom: 1px solid black; } ..report .rou table td, .report .reu table td { border-bottom: 0px solid black; } /* styles for footnote marker */ ..report .fn { white-space: nowrap; } /* styles for numeric types */ ..report .num, .report .nump { text-align: right; white-space: nowrap; } ..report .nump { padding-left: 2em; } ..report .nump { padding: 0px 0.4em 0px 2em; } /* styles for text types */ ..report .text { text-align: left; white-space: normal; } ..report .text .big { margin-bottom: 1em; width: 17em; } ..report .text .more { display: none; } ..report .text .note { font-style: italic; font-weight: bold; } ..report .text .small { width: 10em; } ..report sup { font-style: italic; } ..report .outerFootnotes { font-size: 1em; } XML 11 FilingSummary.xml IDEA: XBRL DOCUMENT 3.19.3 html 1 97 1 false 0 0 false 0 false false R1.htm 0001000 - Document - Cover Page Sheet http://www.pb.com/role/CoverPage Cover Page Cover 1 false false All Reports Book All Reports a8-kforsoftwaresolutio.htm ex991unauditedproforma.htm ex992pressrelease.htm pbi-20191202.xsd pbi-20191202_cal.xml pbi-20191202_def.xml pbi-20191202_lab.xml pbi-20191202_pre.xml http://xbrl.sec.gov/dei/2019-01-31 true true XML 12 a8-kforsoftwaresolutio_htm.xml IDEA: XBRL DOCUMENT 0000078814 2019-12-02 2019-12-02 false 0000078814 8-K 2019-12-02 Pitney Bowes Inc DE 1-3579 06-0495050 3001 Summer Street, Stamford, CT 06926 (203) 356-5000 false false false false Common Stock, $1 par value per share PBI NYSE false EXCEL 13 Financial_Report.xlsx IDEA: XBRL DOCUMENT begin 644 Financial_Report.xlsx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how.js IDEA: XBRL DOCUMENT // Edgar(tm) Renderer was created by staff of the U.S. Securities and Exchange Commission. Data and content created by government employees within the scope of their employment are not subject to domestic copyright protection. 17 U.S.C. 105. var Show={};Show.LastAR=null,Show.showAR=function(a,r,w){if(Show.LastAR)Show.hideAR();var e=a;while(e&&e.nodeName!='TABLE')e=e.nextSibling;if(!e||e.nodeName!='TABLE'){var ref=((window)?w.document:document).getElementById(r);if(ref){e=ref.cloneNode(!0); e.removeAttribute('id');a.parentNode.appendChild(e)}} if(e)e.style.display='block';Show.LastAR=e};Show.hideAR=function(){Show.LastAR.style.display='none'};Show.toggleNext=function(a){var e=a;while(e.nodeName!='DIV')e=e.nextSibling;if(!e.style){}else if(!e.style.display){}else{var d,p_;if(e.style.display=='none'){d='block';p='-'}else{d='none';p='+'} e.style.display=d;if(a.textContent){a.textContent=p+a.textContent.substring(1)}else{a.innerText=p+a.innerText.substring(1)}}} ZIP 15 0000078814-19-000044-xbrl.zip IDEA: XBRL DOCUMENT begin 644 0000078814-19-000044-xbrl.zip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

5X@]*] 1.-OWH3P[@5V:@]SIN8RJ,QE.OX MR=5-;*,.D\@N3JI%C]\2HBI^)'^4QHU\2LRFRKY1-6ADI@:9&Q=_=">R\1U. MK7H_OYS*JC2A@-IWKY]<,.ZB_\<6J&P"UT(*F)TKUVY;*O5PGE:\+9>!A.R=+EFN M:,)RY6./I"\Y7 SV#99E1SP2Q'PF=%GWBVQM'8$J'BGW.PQ2'2R!^=7ZT[A< MO&\J4;TUD"+Y:ZL6W@[++MB5V+@;M';WG:.#T#ER@UVG=]3O]^/]L.\>]78/ M]W?#??]>EG.YM/?/+-Y+*^F6^GPDGKXW]WQ/E.>K6YUW'W'$=:OGYK7N?VIH MH9@)2;9RF)2&FZP]$6.EWXI_I;VV^-:$I#ZLMS%+SR_&PHR/JAUG,1*F"@;- M]^4"FQ6%8L+]=2$YLI%.JS&.V'LRYH,BG+(RRUI[&1L*OC.XL-RMZAWU566S%"I MJ("J8O[+ANLI]JB&ZD]Y_?.\RDTA@=-OFEO?=O?7\*G?>D_\&#SQF^>95^(# M_7O.RTJYP',9-:;9IUOH5-5:AM[R][DIMWRI0G),XCQGD/,.GOIT3ZY.]^S)2Z>TI%VK?Q>*:[1 M55VMPE:QF<&=8&W#(?UW=5+6/%!M_+JO9D?E:MJ"X)7867$X,FK4T75PZ;H" MO81%#&BKZ>VS1I;K=EUB78<$E?95X>8Z_\O_GJ7G+'M#[WUE:[]ENW]\#5/O M'0>^GAO0N.?"W^HPYT"_]-4OW_5IZ/6A7[K[.)OL U2K4ZH5>S$-8L<$U6H9 M+M#5.#P9%V6U5?%R0M+\G#^9U^ETV,#U(^KX'N(&.ME"G4;4/WZ(/==#) J( MLI>C;(FA["9)LV94Q5&*2MXTGS^OIL,)2O*[\R7-SOSZ88_VO#9 UT\I5 MTI4L.P7.]N,RP EP@CGA"3=KQOFZAW@=\1BZ$76CN$,F)YP8O1$%MQB(LIVC M;'&+CW.U+KGU:*_?)4,2KHG>@(*S"T193E&V^+I?ZJQOUABP[!4YXP0"GMN TB#D-'FCE1W(]<&H9AAQ)3?\30Z,ZECC^<"Y_A&S4Z:= MWY>.M!&;X6B%6EV9LE/81.(^%JI!U*Z=#&@5=,C;AONB- M*#C$0)3M'&6)0_Q?13&\2+-'SLXSTWISJ>^J_>TB$PPXK>"I*R5V"I[P? %. M;<%I%'>:Y?P>YQ7+SU)U+'8S)]J-/!JZ1AAP6D%55WKL%#CA_ *UM7M=^:+37CZCGM=IGXKG&KT6:\/Q>/)! ;XW7VU6V MA_G>MK]HFYCW1( N>\I!S:'FZQZ>_<"C0=#*?.[D\*QG'.VN9H]Y?:,;R3O? MRBOTW](KU+A#T E !5 !5#S;(4[?S_>W3O^_?CT^/"$['X^(">G7_;_^[FCB]Z;W G6 M-AS2-^V\HB210JH$F;(K5J] S8>$)4FI3BU:&@O>R,C1,)ZI03K?I;X?4<]M MDWE RJ\[)C[0_V#:S75HT&I/WE9)-4OR9FMOV&;R5DV#FCPR2'AJKRZ<_*R? M;BRQ$^(*F81/SN@%.;<%I#G$:%D99#/#3 MHE2G/*OSG[/K+:V'?&#B;EX]QZ61UR5STX*81*<1M>GU^]0-VFR^!%?_+5W] MX:JG+NN(/L_Q:"]N%Y?2:$])4S6;!5OK+KA+0?&G&&)_P1 MT\ )9QG@U!:9B*1-Z1YFI2WCR'7.0KN\&WUJK>7XW:+6.OIPXW67UI_@NZ05=2A:=B&K@W MWP'=I@34N[TJ9W.P:J3=*$58(=[4-98W<=^SY/X:,P.-:D^E,&DO;+-_B*XV MA4VF@XZ8V@S"D(;(C ."[SB_/(QBVL?16/J-KK^OGU?.KV MNG3J#!P5O1&%-#D093M'6>+XGK)+,LL3V3*6YG6V7&U?4]3G9=U,+K-UF770 MHV[4-\&ZTPK%NC)GI[ )SQC@U!:3BHZ =(.8NIV:J0F7 M1F]$P4D&HFSG*$NQZK[%D0,>C'.$E&8SF%6:!?V]? MX/QA@%]/\/>HZ\C_P\@6*MKGE5I@&EH>OL@2W/:9XTLGV=>V9"N;U>U7TPF12Z?D+Q, MR8\NF;*2G+-LQLEF$#M4>E'J?R+&K%1S=&?5N"CEX\-/Q/?\^G##ONLM?DZ% MF/&5=QCO5("]Z04CMBK5V@#5)CC3)7 B-0EP:@M.@YC3L$V>=V5Y:IM*EDES M(!UNI3E)V#2M6&;BY#?'I6&G5HC9Y&1T$5&8H M$V'JN2^,0X'S%K-"Z9D=QJV*&/1K$'@V=5E,; M=8.F:;YODLPFLXQ5?+$;15),IB4?\URDYYQDA3!QF>IFWPMIT&N#R%;S#S'% M$$X.W&8@"J2V&JG9XF>?EIR)67FUR%2S2D)35&3351M\26LJ",)Y%AK';MQ: M=R#]_U:-!J.;"N#&P3T6H)J-8) B *B'H047Y$O:C-L0S:A^^[O9/6 MO>TVZNVF7SI\OL" \J4!-2QF@XROMF[[L5Y_SP7\/[Y&[SR++WU7M_?Z4NN] MU<_X?4FO:+GN72L.T6G=%[C!3F[8]'K2)X_?EAI:.>1=VQ &5 (JL8I*>M0/ M5)JKS=G4AID9M<_RL6*R!=?7Z[_UG_J9^M.X7)0V96=\:U!R]M<6&U6\W&'9 M!;L2&_-'&,G91-XFHMWH(.I%D;L713T_#N/(]W?[X=Z!&WO]( CE Q_9(Z4M M=466YGQKL4.$Y_ST::EO$I[+"JS>._77BZ:,@71AY"N^IE7.K\A><2']F^,\ MV;[==^]?P?TBE_0I^)#(3S66ZGE6)Y7\9U*?#3!2];YW7-[[U_RH*$DUYN2S M+)[\C_Q]+,BA;(RL/)_*R@]X27R'$L]Q^[K5??.?.9L-TTHMVDYSV8QB)J3W M*RCAEXFL/9G*RM>Y<\(FD@.JNRGT59NP]/RMP43UAY MEN9-]=BL*A87&LN@OG*1#JOQ3ACU;T8$R9D9FPJ^L_CPZ2X9;EP'6:[C6ZZW M\7@,IBDD\,.FN7=8?EZ%)W[K!4_\^-1OGOOF)?9>N\1WS?P\LG&0:O1;15*# M5X^D:M!(';8C>;MF6]14&R6L%6/I(M_7V!?U!8F(>^9-_-+.:![X+1554:KF M::K:D/=:Y?VU+,B1LF3)[O#/F:B4H_/($A*(WE#1VYMX_<;/>3[CSVWR:-3Z MOO5O\8J$GLYD97 G6-MP2+^E#^)H.A =_CU+IW606;#LL>-VWF["V?NER#08 M(+TPH/U>FUGJN@Z$75=V8%__%4C /K#?;>QWC_?7[:7K:AV=S*;3S+)3A=W MHQ[VA^HZ=YL)3FS=#7!J"TZ#F-.P*,B+*"$>PMP:@M.@YC3,/=6 MA:F+4C["R_,T63E3*0Y M%V)=(V2G[#:7>H%/0\<(RPUNA6GPA,\+<&H+3J.XLYW76V^VH..@WFQ>638K MJ5YYP_,VV'S7?9$\ZD<^C>)6AZD]M^>YCKL?P3DR&,VO>#X%L PL@YFU,#NZ MO:1[OQ!5LW\VOYRJ[=S$NK_3GY]ZRC[G1V M0QTGZ?3;[-D-,_K]S6@=$84,+!!E.T?9DH%=C)/"PA6U?D1[?IO3K[3+(,!T M-PV;R+X"G-J"TQSB--3K+8U=5^OYU/.Z=&(E7!.] 05G%XBRG*)L\76OU]62 M5&V8S>58.4\)6F6\^30PPWB#8V$:-N'U IS:@M,#%0#NQ>=NLX$J"Q$98O8XSLE&$7!]3W>B88=G Z3,/F M9I\&@?,:HKX1VRK-7 \%?= =RVMO\>;HD3:;">,HH'%L!,4:YCM_J>1U";K) MM,B5@ZRFB\GAGRA+("WRVHN>JFED):_2DM<[:R7RNX$&ZJ9/7;]-UL841K7) M"- 1@/"Y@2A0VHLHS18?O1FF+5R][,;4[ZW5_]&5*^&;=PV;R%8#G-J"TQSB M-/*XI.3>*04XG^/V Y[$;X\Z[69<=/%\#CA3!J.Y?1S_.WOB19[:6O"/R!2@ M_YU$'O1H+[:&R"TY:.DX3XH))P,^*DI.TN9;Q2XM6UX>TR@T8E:H5FC5EIV[ MA,VUSQT - '--1D%,?4<(VBSY80 30?US3V>\U%:?2#3LCA/ZSD -MOD===_53 MS5_2)5J&X;3B!JT.=@8Q6$D,$77:[6<.7@ O@!>,Y06_3]V@U>( M(2MS6: @4UX2,68EWWG&U_5?P=?M$O\9T#[(TISV62-+6Q9Q[#&1)FTB.6NU MNW0TK5:PG%[;.'*VW38+J+1+4]KL]7PWDYK<"6@XJ%4W:O5:A:EUHU;#MH0X M2+-9Q8=OI$P:ZHP6JM'*ZM#5N#!@%+'&&[- EB QG<=W[8?Q=S66Q[R^T576 M@RZ49TN'H!. "J "J%A?1+L3F<0_ZE[C0\)D(]@9)_EL,N!E?02[RBL*4LPJ M4;%<50M)1N/;!UF:TSYK9&E5DM&FE81N%%,G0(ZNR\K9&0/26E?BK:0/:M*3 MFFS*<75Z\9\;]:G3[](Y.["RC6JKZ>T#.[S]P/.Q8H.,7U^O_R[5)DMSOK6( M[7G.3[=Z.KX5ZXM?6KOXDAX_F]WJ$3]WW'#0^] M_7#W(-X_V),/?&2/E/;&'5Y_O6C*&!394+[B:UKE_(KL%1= )KT/MODN)Y]R=$_3^==X\SF6=BYE@^5!0PB\3/JUN5AP1-I$^3"4^K+?> M2\_?&F25MU$_GRH,--^7"\B+ MKP.4-D;&IH+O+#[<&U(VKKVQ&WO$V7C<66L*\9VX:>Z=(7]>A2=^ZP5/_/C4 M;T^]% 6V*M![]1+?-7_Y6-(V?,,L=O3JMOT[MM)*B>K@>4/&D#%D#!EW8AJ1 MKB'2U]@?_P7YAWM.2V 83K%^Q.) 6TUO7V0I3GM@RS-:9\ULK1E8R6MQPP-?(<&K0XHTFXJNI7:'\P*%Q MK]5YF[JYDC:':@!.@!/@[(AE"' "G GP EP=AZB$!D$HL!10)3.B )' 5&VYVAS4)E?2=P,:148< M:H$XAVG@-"C. 7":!DXP)\"I+3C!G "GMN TB#D-2U^HU1=%*1_AY7F:F+D* MH^_3P/4[Y'\CHJ,WHA C!*+ 44"4SH@"1P%1MG.4+7F,O9E(^%KYZ,4Z"E?NRT >XSG=&N80@LO1W%&H?F M]@O>@65@62\L4S=6)@70##1W'\TK>&_ ,K"L%9:M8^9UI\XT=13W"U$)PO(A MX9=3G@LNGCL#\]FS3PT.Y%C;<$@?TH?T[6PXI _IVRQ]PQ8\*(N/%"/"O^2Q2&'9JO!Q=:;T1A3C$0!8X"HG1&%#@*B+*=HVQ9]["PY<5ZCI#K MU/2ST*']L-44'MWFGB&\8!HV,6\7X-06G"!.8%-7;((X 4YMP6D.<1J:TA#K M.8Q/1^RYCD/#N,WQ[;KRGTTT!T0!4>8C"I%G( J( J* *.0RVAOQY5K.D^N4 M8QF'U/>-<"P1]# -FXC( 9S:@A/$"6SJBDT0)\"I+3C-(4[#4AG7)_*1-*]X MR:5/-%^8:Z S'L0T[M2YD(CNZ VH[D5W@"B]$06* J! 44"4QHCJ'$79EM$0 MZSUBKE..IAO&U(O:S#+1SM-$%,0T<")$!W!J"TXP)\"I+3C!G "GMN TB#D- MRVXL/*+!FL_KTQ*%U M"ZL1!ASQSA'KTQA2"AT 46 J8TAM38"D@"BQE2Y;C MA&>9+)"2,Y[SDF7U80)L.$GS5%0EJ]+SE0^@ZY3S25W/IZ[;9KLT[=Q/Q$:, M@V?/H6'0!S@!3OW V8\\&H1MIC( G "GMEX-P EP@CG7[C=UPSWZQ@5G93*N MW:(A/^=949^Z8:*7[O5H+XX[Y*,C[J,WHOP^]?PV1TX"4 #48^L>>SX !4"] MNU< 1 %11E"4+8D.:K M6OB=\C^]B#J1$>XG8B.F83-RVJ2- 4P \[5)4X[T49N1'M@$-K7U:P!.@!/$ MN6[?J1LNTO&=/:O6X0?I"$#7=6C?:;-_FJXD:!/7Z8@HQ!&!*' 4$*4SHC9= ME_:C-G-'[TMAE>:LQU;YH D"U]ZPS=$C3>LT^/HQ[7M=.JW*EK3(ETI>E]B: M3(MF4:_50<50#"B&J8K1?B;>RGWTHBE\:]&E-YS? M!S6R2HWD^.*$-&IW5(Q1XTO++)NFCOIQGA033@9\5)22+0YX#D?I=4'(LWZ=5KUG9K9J:S]V(B]+[3"K:Y< MV2UL^M0U8Q-Z8-,T;&Y&K4Z/6V\\'"%O('EE*?O4\8TXW%PK:*Y_&X:S5;=A MZ!0J/>H%1@S]9J5"/JN-J1M7:>4DES^]),-B-LCX=;[J[5)^Z^F.'U^S$W1- M<[K]/NU';<[E>;;I6B8S+8BU06N-UUH_I,$:9DI#::&T4-HW&VI#G_9ZT%IH M+;2V.UH;TWX \Q@Z"YWMCLZZD4=[3JN(4R>UUI)T_R$K$C%F)=]Y M)HKJOV44M5,\9W##(7U(']*WL^&0/J1OL_0-VQ%QCXDT>2,W54-'3(/4O;O= MRH]"_.+]2/LC2G/9!EF@?C(L75=O9[GL=,BYL.;7I(,UF%1^^D6JL M/,GS+3,CSPGV?2WU-NORM9MCBP"&S0$,2!_2M[/AD+[-TH=9I:E9U=)'TM>E2W>5:E"JX:UVZ:V0L;FMQ4R-K^MD+'Y;;52QI9,T/VC[DX^ M)$RVCIUQDL\F UZ28M1,UQ6DF%6B8KFJ%N;NP@V&]"%]2!_2A_0A?>NE;\_< MW6[O!AQ'U(LP*58?Q='-JS0]6@!90I:0I;VRQ*BM5<+6Y-FF9NZ'ZL8Q]6,C MIA7 9;79987T(7T[&P[I0_HP2[0U2VKC^6/%!AF_OE[_7:I-EN9\:S$#P'-^ MNB6"^-:,@/BEM8L?J=Q3Q;]*;]1_ZJOUIW&Y>-^4G?&M09OH1]Y!S^\=])VCN+=[>- /C_H'X<%^X/>L*'[U+B.6ZD6YTWCW-9YV(F6#X4E/#+A$^KF^WD")M(#JO$A_76>^GY6[2O M//+Z^51AH/F^7$!>E!.6W:*E>J:2?&7-;"3A63;_]9<-9Z/^+L>E9/']@;XZ M32=2$S[S"_*MF+![ ^6$E6=IWE2/S:IB<:$9=^LK%^FP&N^$L1J1YKLA2L[/ MV%3PG<6'3W>9?N,ZE'$S=#H;CTV<0FE?AB=]ZO2=^#)YZL&V! M3[WTJ=^>>NF3OWDM"UQ Z.5-?$H83Y7HM6W_=TM1Q\4-O>G;S:6,7CTB^WZ- MM%&>.F1+(&%(&!*&A%]OYE*W0S_/!OYN;25^?[/PU^B+I[R1EC&,WU)1%:5J MGJ:J#7FO5=X'J4CDI32?28?^BW2-6946^2/'J$/X9@E_OY&\+!6BMTST7\N" M'*F $]D=_CD3E0H^0O1VB5XWTV[MV-9ON#,, BZRX)^O[;:,EG\\.]9.JWG10B6\;?R3["7WGIL MU" *:=AW39A@9O/L1^B7IOKUCQ]BS_76.ED7^@7]@GYA_()^0;\P?D&_H%\= MUB^#QB_#-DLZF4VG6?I80*/3B2G/=VG@=NF<+YL"HUU$5'LS 8@"HL!10!0X M"HCJ&J*ZQU&V)"5/BE%UP4J^(N@ZM5>$+]$8![X)KJ3-H1J $^ $.#MB&0*< M "? "7 "G)T'IV'IBV\\KUAF8O;"CP/J>FU,25UYSR9ZTQ%1B P"4> H($IG M1(&C@"C;.B$*,$(@" M1P%1.B,*' 5$V)4(?IL$3<3F M4UMP@CL!3XWA">X$.+4%IU':.D2G1<4R4C9'GJP*RE8%V^*_ M0C).S4:D7M3&DW^N,]HU#(&EMZ-8X]#C&AS(L;;A MD#ZD#^G;V7!('](W+7=A4&+-L/48RB EQ8CP[SGML]O3"1V7NFZ;[!D\_/>G M.QT1A2G/0!0X"HC2&5'@*"#*=HZR95G&PI87ZSGAKE,>9AA2WVDUPT@W!Q/1 M#].P:5#T ^ T#9P@3F!35VR". %.;<%I#G$:FM(0ZSDK4$?L]7O4\;NTPS." M.@ 4 &41H!!W!J* *" *B$(FH[T)7Z[EL+M.N96Q1R,'YRG;PHN=PB;B<0"G MMN $<0*;NF(3Q EP:@M.B0%$ %"@*B-(849VC*-LR&F*]Y]]URM%T0Y_&<:LM MK73S-!$%,0V<"-$!G-J"$\P)<&H+3C GP*DM. UB3L.R&PN/:+#FPP1U1&$4 M^=3I=>DH2P1Z]$840H= %#@*B-(94> H(,IVCK(EOW'"LTP62,D9SWG)LOJ, M S:=XXFHB''P#/HT[CL )\"I(3BI MX\G_77 GX*DA/)'N #BU!:=1W&E8PN,;%YR5R;AVC8;\G&=%?>*&@7ZZZ\8M MUQ3I2H4V,9Z.B JD1QT"4 #4^D*)M!>T\8 !* *V0X@"A35WF#O>+)#6O)5 M.4NJ62F+)\.=69"<$KDDZF+"V5;2\HR?FJ%GZG/-!>2#W/B-T$$!TQ M#9NN2_TH #:!3?VP&00T#HR8IPQLFH9-I#P 3FW!:0YQ&I;O.+ZS:=4Z7"$= M >BZ/@WZ48?\= 1^]$840HE %#@*B-(949L24%&;F?CWA;!*:]9CJGS0!(!K M;]CFZ)&F=1I[KNM0Q\,V5_KA[4LEKTMP3:9%KM(?:H&WM/J)<@#2(J]S)%.U M\+OD55IRE2*1=PN[,B0T<)$@L67L[A0T$>@#.+4%)W@3T-04FN!-@%-;B(..J-)V1%@"@P%/"D+Y[ 4$"4W0RUYCR''VIJ MNY\6%NW8B52'CGP9%.>3EHF7N])*((DN'Y >G_F^]?N>\ M,'7'_9)>&]@>[3LN]7MMIB2T[J5V+4; Y?VYV2+%Z$A[=R%[UH M]:5.D-9_=!BZS2(C6\.#1H-:?0K.&E M99)-4S_].$^*"2<#/BI*3M+F6\4NC3QEQO-IX[39)$A[B_U-?=JUF_)? MR^(\K1<1;0YXSD=I]8%(JWZ=1GVWIG7VC)C4J15H=27*3@'3=6@JS"QYH MNI;)3PN"<]!:\[76I[UV*WZAM%!:*.V[**W;C]KN8PRMA=9":]]IWJ#;:C8# M=!8Z"YU]KY&V3_NQ:XW66C(_X)"5N2Q0D"DOB1BSDN\\$W;UWS+LVBF>,[CA MD#ZD#^G;V7!(']*W6?J&;:"XQT2:O)&;JJ$CID&NW]UVVT0L$;]X?Y(SH*VF MMP^R-*=]D"7:!^/BA<:%TZ4#ZVPYXND@S685'[Z1:JP\5_DM,R//"?9]+?48 M4\6[/>X@@ 'I0_IV-AS2MUGZ,*NT-:M:^2C:F57ONG3IKC*->7VCJ^[4A58- M:[=-;86,S6\K9&Q^6R%C\]MJI8PMF:#[1]V=?$B8;!T[XR2?30:\),6HF:XK M2#&K1,5R52W,W84;#.E#^I ^I _I0_K62]^>N;O=WCXX#JF/#OZ%[U+B.6ZH6YTWCW-9YV(F6#X4 ME/#+A$^KF]W=")M(2JG$A_76>^GY6RRL'.3Z^51AH/F^7$!>E!.6W6()UVEH MN28:DO LF__ZRX:S47^7PT2R^/Y 7YVF$ZD)G_D%^59,V+UQ:\+*LS1OJL=F M5;&XT R#]96+=%B-=\)8#1#SS0DE!6=L*OC.XL.GN\2[<1U9N!G)G(W' P]- M(;XW'X7NC GS*CSQ6Z_WQ(]!RY<^6>!3+WWJMZ^ MOX/W:_3%4SY)R\#";ZFHBE(U3U/EAKS7*N^#5"3R4IK/I%O_13K(K$J+_)'# MT"%\LX2_WTA>E@K16R;ZKV5!CE38B>P._YR)2H4@(7J[1*^;:;?V"4#?^#F7 M ]MSZP&[..NLM0.FZW0>FXC$@+::WC[(TISV09;FM,\:6=HR2?OP[UDZK2= M");QMW)!L(?=>LS0(':HX[3 "B@"AP%! %C@*BNH:H[G&4+4G)DV)47;"2KPBZ3NW1X'L]VHN,.)'* MYE -P EP IP=L0P!3H 3X 0X <[.@].P],4WGE_V6X-.5 M &WB.1T1A1@A$ 6. J)T1A0X"HBRG:-LR6/LS42:,O8B&46B" M;XG AVG@1%0.X-06G&!.@%-;<((Y 4YMP6D0<[;+9_BAIJ[0:5&QC)3->2:K M0O(5CK&9O[,^N?K>"U\;MA[MQR[U/;\-<)_IC'8-0TCI[0C6-#2OL-0=6 :6 MM<*R1\->CT9!*Y,": ::M4+S"KX;L PL:X5EZYAYW4DS31W%_4)4@K!\2/CE ME.>"B^=.OWSVU%.#PSC6-AS2A_0A?3L;#NE#^J9E+@Q*JQFV$D,9I*08$?X] MYWQV>B*AY_C4\[JTG3,\?+T1A9MBC/:=O@H.)Z(=IV#0H^@%PF@9.$">PJ2LV09P I[;@-(A"_7AT[KA+1';T!U;WH#A"E-Z) 40 4* J(TAA1G:,HVS(:8KTGWW7* MT73#4*+3"$\341#3P(D0'<"I+3C!G "GMN $Q%$?=KSC0C9 9RF@1/)#H!36W :Q)R&)3N^<<%9F8QKMVC(SWE6 MU*=M&.BCNTY$_2CND(^.J(_>B)*>M.< 4 #4VK9NC*@;=6D'>P!*;T ATP%$ M64Y1MB0ZI"5?E;.DFI6R6)*,67G&FQ.=F1"\(NEDRM)2V?:"DIRO:N%WRO\, MI:'6[YG@?B(V8AHV79_Z9LP#!39-PV80TG[0QL$%-H%-;5T;@!/@!'&NVWWJ MAI?T7T4QO$BS;,D=,M!)=X.8NG&7MEM V >( J)L0A1"TT 4$ 5$ 5'(=KQ< M,L=W-IZU+J41Q[3?*@^GG8>)Z(=IV$1H#N#4%IP@3F!35VR". %.;<%I#G$: MEM/X4LGK$G23:9&KZ5UJ\RKI#1'E&*5%7L\!FZI-K4I>I257.0]YMS Q\=&C M7A1VR%U' $AO/'4O 1$Z8TH,!3P!(8"HO1%5-<8:LTI#S_4U,P_+2J6U89[ MLZQCGOE8^:2.HASR2YT8XP44 XJQGC05 MU )J8:I:8+Q8,<&FJ>-]G"?%A)/-K!#B QGP45%RDC87*W9IY,$PGN/2*.[2 MAN8(*^J-J$W7]V@DCA R#8.0CZ?D##T .I 5'O[@D!44"4 M&1RU[B5'FGH!7\OB/*WGTVT.>,Y':?6!2$]@G8[ F[K*KPUDUPEI/VJUZ5K; M;M"54Q$',@WX-8^::^T'-'97,,#URIK3GM,F>@M2 *.2N@"AP5%=S5[?*<-7]]1UI+@%9[6S55U86WN]< MB!WRM>0C7I9<=4>1_$5DK5)9RK#>5$+,!B(=IJQ,U54662;K*MV39H.^E7-BG7*H^]0)<,Z0+1S<*6QB;RF 4UMP@CB!35VQ M">($.+4%ISG$:7J&9HM\3:N<7Y&]XD*Z3\=YLKURXLV?7I)A,5,>V"*%\7:9 MG/5TU(^OV0FZ9J^B'HW"U?.N#[0WTEC306F@MM!9CKTRDR1OYP1IZ>AK,-'"V@S8[Q"- \OXD9T!;36\?9&E.^R!+M _&QSZET76MU5IC&O;^Q/+[5A5;.:;5%3(6'3 MFPH)F]Y42-CTIMHH84OF_?Y1]R8?$B9;Q\XXR6>3 2_KK=<71 MS:DT/58 64*6D*6]LL2HK56:UN0YIH9NVAK';8_&UFTR 5Q6FUU62!_2M[/A MD#ZD#[-$6[.D-IX_UF=375^O_R[5)DMSOC6? .!ZSD^W1!#?FA$0O[1V\2.5 M>ZKX5^F-^D]]M?XT+A?OF[(SOC4H.?MKBXTJ7NZP[()=B8WY(XSD;")O$Y%_ MV(OWPR,)CKW>P:&WZ[O[;KP7^/M[>[X7>/*!C^R1TKZGL^?X5OV]!(\_9Z)* M1U>K]TG]]:(I=U!D0_F*ST7%A3JQ[)\YFPU3-5_A:UF0HZ*<,+)?J$/5A+PF M/]6;QC%UPU&:LSQ)64:.\Y&ZL4J+_'9/-P>A)3S+YDW[9^-QT43!/2#> MIJJ@*?7%T-QD+]HR6M;RTS/5? VX;/QZ.N9D*N%02YFD$RF[BA0Y29@8$Y8/ MFP_\[UEZSC*>5X*D@C A[\_D^"/()IM('E27'YKK]W:MN@.^QMAU[O MI\766G)4R=A4\)W%AWN]^%]*TK'CG.MI%K MZ;NC)8?R39/:;JC8)9FRJXGD5IV#ZJU;NAGZV]$*FO*B\RY>':$/62AFP[-D MN9 &CN3MQK;))(OG9Q*5:SBX]]8.S??W8-84T*Z_O?I^U(^W%H!_!\"KP]B2 MEI9+QPDZ]+QM([.>W4'?-SZW -0ZB!,^K7B]*,)S/(?4L0@C@;?I._%VF_72 M8,IW9LKOB'D8=6#'F[J(^AS9T;K9OC210KN.['AI)N$!Y;P%[^!V>F&-=7Y1 M5.X.MEQO42L=(],/I$C6%)D>K#,R_8CXUV-'E%S4(6=EN?(LG:1YG8A0AH6Z M-$Y%592JKH0)P>6-BKRSE W23)JX:OVEM$"*477!2BX_9#/U])(UO%]([L^O MZL.THD_BL6S('LM8GL@WC+D<+UBU9-7X#I66C=M_Z&SC6ZH$H+XJ="6M&!G?$&8#R+K02A1B=K)M$P5%\X?'C%)@4VV3UWZT7>N M\4PR+@21".U?7Y%WS')YM^R=_Y/O&*8B44]N$V!T_1CEG<3HPO%JX'63A![, MAUO1#+=#58-)_91"T4R(FC/))OM MHC43\(&Q3D'LEX#6:-.(DO":B:-PNN! ME5].E5GWY [G)6*+VLHRD**(0#U&H ZZR2@5%Z3CT;\AJYJSEDB)\*FTRQ5 M>\%4]>^B8M5,>B=7I)0^A.*K^?.2XUX$,ETFE=6W[Z25?'3?ASJ8'_*>L^ MJV;2:Y9:,,LJ<1>G+Q3UJ\1^=*_#:Q6X-.7TWQ:T,2B&5[_^^\\?Q]4D^_7_ M U!+ P04 " O68-/![,0D/0& #F'P %0 &5X.3DR<')EU967/;-A!^3G[%5FG3=D87)3NV)54S.IS6,SE<6VVFCQ"Y%-& M! N HME?WP5(RG)\I%$\4=OI@VV:!'87>WS[+3GZ:OYVMOCM_!0B$PLX_V7Z MZFP&C5:G\ZX_ZW3FBSG\M'C]"@[:70\6BB6:&RX3)CJ=TS<-:$3&I(-.)\_S M=MYO2[7J+"XZ5M1!1TBIL1V8H#%^.K*WQD^?C")D ?U],OJJU8*Y]+,8$P.^ M0F8P@$SS9 7O M3OP8-6:[-R)M-"\55DH-?U3N"=5._YFM4K##<"QZ=7$5]R M,^J4_Y*R3J5MM)1!,1X%? W:% )_:(0R,:V0Q5P4@P6/4<,;S.%"QBP9NF>: M_XD#KYN:H;6>=HY'#!(6TUX]G1_U^EZWZ[V<'A_.3X\GL_EIWSMZ<=KSCN?3 MDVEC/.HP^G&[ZE^U9L$3;$5HSS+P>MUOA@:O3(L)ODH& D.SK;[GU(_LG;L, MYTF$BM^U8ZE(O;V]9<7_!OQOP+_' -K/XQ5HY?_0") )7Q"8I(K';(7M%0\; MP(2Y[U&EI))_\"*]&N8\,-' .SZAZT9MT%:%.F,_Q4J'1K>QXEX_311GXL/U M[M^\5+"4(B !%8K!R4F[]R7B=\NNSXR>3WB.:EO@P2<:<'"W8\ZY2;" J9.BG"3M)LS1;T.O6;;^%M3F?F)& M;^?/3B+N"^6.]GSWYK?+T\'Y].S[)C!8";ED @SZ42*%7!7@4XJSI 3,0.I MDFM.M,C>C5'Y"'J3Y3RA-0B4^DS;2L!Z31-TQ-.4*%438L:%NV!) "%/6.*3 M5:!1K;F/N@E&!JR@IXG,$I^HF%-KY:8*UUQF6A00<.W -@!=51TW^J'"@ZTT MAU J^/JHVP7RBJ!EUG"?Z0@BLGN)F+@CVZH.FI!S$SGU>.5C:J76ZG2MSIXD M8(;!LM9& B>4EHHRE)&(B/L1<$TB4O0MO21KG/VURT*NM($_,J:HEJS\7K?7 M):]ER]]I@UVN<)4)9J0BUZ0V"$RT'ZMOZ E,G##:()@M!IMW5 92 MK-T!: =UZ)#Y5%.F:,,^ ;0Q7M 1:[ H,WJ[BG&G6G65M"(+'>@^6LKO=L#G MS[P7W>%^;?B1 )^&0Z(;?J0=;-JLT5M0RH(U)]]9-]Z@*C:19HJMF8F:<)DS MLA:>LS@=PFLI*1(Y2=G*TN?/CGO>T5"#P-6UU';I@T?+M"^#/5^$+EP@-1$# M+S>!N#3,H'VML!OO>]2ZE"DJ5M895: -\T,5&+$U5IU0,*UYR,LD8Z[SDGR> M9'1G([3N8U7J?*LK(*P[FB-,+R6!FM=M_5SGT"0F<" LL/VX;/"D05M.H,G!SHA:[ R5H>2^N9<64_/D/H7ENE*X$U:> M0&$HJ-=:6#6?[*\'7$/8[E.Y4NN@CD 56)$9_X,BRW&IN2$N86Z"S-\.M>=" M;5]_I_P9(WVS I%:'\Y&)!8!883+J4X==HL.4R07(:LCPB2\Q MOW!=C5# Y]I6<8""K]$2J651GO'VJ3>&VQF$B<)P7Y?CR.3\[($I!L),A'0^ MB^C7$TW%STRF$CTD1B:U)HJK;+5L=@Y)3DC333W\E';8C;6487G+PIEE/?4T M--R>DJC6K#^((#)%CO!H@"GH4M]WSLTTPXF%4=>OC:U\Y)"NCC3'*HP*8[G& M#40)O")B:=VP0F-NQ'\[O%4$;'S 0WMXVN*+(BCJ[) MQ5;G;#,_DF6?@XA.S=)JL="X(Q ^'KW^MX)<8WQ*$97VT>!C3KSW$&7D_SF_ M=\R&32L<[#XQV].VOYTTXJQ@ED;\/*.5^_-SK]EO]0Z_UXNCX<.]^_4)QJ,]\Y!T= M_CWO]X\_\KY^E^]%]_2BK<]73^I/6^Z3]].1^Q8__@M02P,$% @ +UF# M3QJI*JA+ P SQ$ ! !P8FDM,C Q.3$R,#(N>'-DS5A;;]L@%'[OKV!^ M)XX3=5NB)M76KE*E[J)V5?LV$7R2H#K@ <[EWP^P'3N7IK$=37V(=#B<[^,[ M@ ^0B\OE+$)SD(H)/O""5MM#P*D(&9\,O,<'_.7AZO;6NQR>77S ^/GK_1VZ M%C29 =?H2@+1$*(%TU/T%()Z06,I9NA)R!%.MX[[O M+Q:+5CQJ43'S.^V@%W3:'0^9!+GJ1XR_;,0M1S)J"3DQD>VN;[M'1$$>'H_8 M,:S+'=I%UY$&O5[/=[WK4!7N"S2C!_[S][L'-S?>\ PA-U=L%@NI$=_)<4S4 MR"&5U%BO8E!.%6X'N!MX*)WC.T&)=BN:H5RV9:@#^1!I51#A@JAE-'C(KR;G M%$*:2$@4GA 25Y=1!J92,D]3.5)$==9GKQ['U510S0VS5U#M/;/[^3&N-.$4 M7I6S"[$MG..P=>&@TTQ%402JJU9B\+&!1,?,86++__&2RJB3ZJ@P+3FB\?BAEK[] 'PN..;F M0)2,'B>CC/R1 D^HIIZ2^C+*"W+N6N&1RU$"V('/JPVI@+8F8NY3D7 M5[8R M?3I4TM0A8-[ !4M--8F4YOJT>K/"[LHI(]>M.M5U@S8$5EU+#K)&8P6PI-/J M$M8H9S46P?@G.WOHY*S<8;53%JZ8(J(G*, M-7 !KBE Q]*R?:ZT+=8H9^$"ORV"<"ZT8[*NW!G'C(]%ZC$^>V[W\\/['L;( M7=C[V=%Y^%KOQU+$(#4SUZG2X\$13"6,!YYY0N#\O?"'DJAEW@%YQ [_YJW" MG5(&0I/(Y7!7:,P9;-T>>,I,=@19XO\[IQ#&57,R$,;9^TTI(J.J*1D(1.\S MFUA"U6P,1)F'=ZU=9PE^FP#$S$OW2LQ!_B(3$V;]C_>W^][3;LPB-.?+&8OM M,FR;=[+Y(5S\_X"10R(+O?"W 5M4B8+P)Q\Z>SO)#)R%' !N?9)'XS:W_5Y8 MYLSG,*M:_E;9RAREXI9ZTN(Y//L'4$L#!!0 ( "]9@T]M ,<#-0$ %\" M 4 <&)I+3(P,3DQ,C R7V-A;"YX;6R-D<%NPC ,AN\\19:=TS3E5$1! M&[L@==($0NR:IH9&M$F5!-J]_9HPF!";Q"6)[<_^[7@Z[YL:G+)=X/AM-GPCY?%WEZ$V+8P/*H84![J!$G705VI9@#VAG M=(.VVASDB1-R3D+A44MUF/BCX!90;^7$B@H:GFO!7="NG&LGE'9=%_6%J2-M M]C2)XS&]9OU+>(M<,.)=A"5DS*+>EA@-$RH;M!\0N>#]'=^- \W2-*4A>D6M M_ L/SP?[! MO=CC39R+0^] E5"&\E-ZL^;9Z!M02P,$% @ +UF#3_;L3C>; 0 L04 M !0 !P8FDM,C Q.3$R,#)?9&5F+GAM;+64RV[",!!%]WR%FZX=$Q +$%"U M=(-$I0J$RM:)!V(1VY%MFO3O:YM'092JHG23^''GSIEQXOY#+0KT#MIP)0=1 M$CX145177 MJ2YBI5>DU6RVR2'JHL+/\%Z&_1).6KB=Q+5A$7(52A-R_R+)7EZ?Z:MV4"?= M;I>$W8/4\.^$SC8ABY?)+-2)N326R@RB80.A;3NT*F *2^3?\^GXQ*1,XTP) MXK?(2+D#>J4K#Q<"X8P$B!7TMZW<>MP;-G9_.-BG@0VNNQ/W!Z2*T M^VBXY/XJF[CI3NVY?O];;[VAMB 9L.#>)R<7Y[#Q"5!+ P04 " O68-/ MBVT6-HH+ >9@ % '!B:2TR,#$Y,3(P,E]L86(N>&ULS9U=;]LX%H;O M^RNTF9M=8-SP4R0'TR[XN0@V,RV:#F:P-X9C*ZDQCA7(2I/\^Z5L*XUC.Q8I M*G/.0E&3WUW_?74?UM4)\VJ%X:0#3 \/W=8G*4^ SG MB^78#0:I3[_;.O\6+\^&0HCCY;\^G+J8[CK1AX7'?_UV>K;,O]ZELWZU;Q=LB.-:\*SC M6<>5L15RK^99==:I/UJ?6$5_!K_+P==0?10XNRNS^22;+*&Y$3J93CX<^:/A M))L.=>YG,'F^*(O1N!Q22:!6"% K&7/*\UH9:!!PBF@&$!PN PRS^>"/LWJX MY4O[ @(KH)6.::4DMD2WRFV*\FGJ\DFKF78G[ MN-217(\NL_>_'O\0NN%&/M[Z]2[\^,NQ%]GX_67^_=CGY#5 41T,JH,!@.OY M\:>M?)]ZDH];>+)*<5;-\GFQKI"-7Z0LQDE>3++"KS[J-XV*\0$OUV<Z%[LIZHWSK%=57_XXA=DYKC2%*!686D)23M*Y> M@2DPNYI2^'N[HW2\*:NID;7;3UXX3W='64)Z_?U'&R\Y:U$-[2#VL2X^?/(;+" M$4VMPP)*21TRF-0U;%*%0GM[,SKCEC'?'Y)C2#E@BKA4:L&8G_^XX.BEFGRE M*O&RDDI7>+\'FM:\\?OS*Y( 3:WJ$@8;)AR@0IQA;P?E MM+S_DEU.JV7&O/Q]=.6'$903C0 Q2J28>R 9O"Y]HQAHO!;8'=QHZ0361B#L ME\I 6D$H9\A9*I46:<^X6&E*?HA**E7-81%GV&%6].Y5&"H";>H"%+L>1SF_F97&O\TDVE,BF*9=*$66A M9)3X;4G= HBQQFN,)F,!;935Q"$K!47$3\]*(.6WV%3YS!%]&81L:/PY6:KT M=9.LE2:5U%"NM/2X*69>SMXHZK1RMCL4/>O2LV3JQM^W JJ.LMGB5I8 MF\ZRWV^NSK-BB+C67$@C-)$V=9Z5IKYB9VQ*91BS'@5.@4H)A7YS1Q@54 F, M%'7$6HY3Q%W0E;MX0%6"DI6B4 Z%F-04.CWY$T68)M9T!Y(?F3]+C0B#W@HB M8J1O\2 Z_^;-_W5T=S+QVZKIQ71U_W<]GE\7 2& !@8@7^P622'K(G=P M.YCL,>59LK0U\JU@IG4>6\SIQIGF )*3B2^OQ?K'Z72>P6J&=5P!B+%&6"F& M&19UO_C7 [=.NT: "F%C+4U)M982E"LE&;#&$J*2.*.LW3QP+B2DPD,&'!;QE+@HOC^(+(JG"#E-(*45<(%9Z\JT=5!I9UCE0?EC1!"<1QKTQF,1DL \ET6X$ M@V1Y7>93\;G(OT]]OD/CD#9^443\5DP9**7##Y<#0&KB%BM/!Y&60R8 ,2E, MJ4-4"(H]+H%#" A-P LCY>$"9"TPDBO!7@;"I4\;VQ&FN8.=8^:)*4U8$^OC M&P-.=!K[J-/.EV#T?,X7Y6CVO^GU\GHPM% JY:%& 4M3ZJD'ZWNL%FG"HL"S M.00G/K#6?AVF)=50*^NT5<8)[(!1VKPP=E;B$J\NZEY2G(N!R.G/P'; :>I= MY[C9,*0);.(-($,]7R21;9:'575:>*<^3_Q-)4-\@QLG5+ M4$1H4[!L!"6,,*XYLBDQE*2<*TZQ\R\BQ:O0/:-DN:*OQ 22(\R8PZSHS9,P M.C2THY-'VA]EO*?]HTQY_8:/DYVW+(;F35U]I&_V^5L^KV\B6:.,(%I8E[+J M#B:2I'Y=/&W@J,=>J% T2T-#1%?D)-K0#(48E8BISKN;F7>I*EH. [ M-^$F'6[R7OT):_0 :[IH]J>9[VGX:(->O^GCI><=%$CSYO^SF)9E-M?YU=7- M?'TK9S%,@470;[(% BDT6F&!ZJMW%A+3^$'6W=&EY) P;3&4B#*%!* .(\>M M-,(H+GK&P%I4LJFJ.0HB+3O,@_[="H-"H%%=@&&G!7OHT,ZNUT=$2_UY5X73 M'!9G^6PZGI;3^>5O(]]XT]%LZ R&4*1.2*Y3R;0$YF$:%'ZST904.T)+K"F6 M@D'(+575?1X"JE6/E(1":OJ^/_)#45)+:LZ(&*<. Z)GD\+H$.)/%VC83GX/ M%UJX]/I0:",^[Z12FN/@&8): 'U&@CJ;4N4@)YP [ PSAF),^O[XG%=<%PC9;\<>E'3@W^LCI8LD\DYK*AHQ)XO%358\ M'A([)T@UI3J9 N!AQIRNFX3X14XD:+8'0@(R0GP2)'54 "T4LA"GCFG*!4C[ MOG:QU30KA=U0)\+68/;TZVA+ H68V0.(MKQIAJ-X2]\I+]O0Q3KTNMC(EYZWD&5-,? UV)4?07CV?W5>3X;*F"PD]1 1+0EB"HH M0%W9 NO&BY+-J 9* ]/JL7K?-MP @7V?$$%1"I"F&O<-@)689*6F>=\'6G.X MZ?MS);#CFQG21:-OI+RGR^-L>?T6C]2=MRV(\#G>WHV_^0+(EM\60"B@S$K* M&$;.::Q3@NM"=EKCT'E^(SBB?CY$?NL$+:42.^Z30LI2)SDU2/1^Z7.M*:E% M!7[71YQAS:?[WKP*O (:9E.7,_YC!P[,^E%FO3X6VLG?,?NW\*'Y$YCV*BLN M/8O^4^2WY3>_&;D>S>^'J5,:N%0J:]+J4^"IYK8N?9#R-.P1S-UC4(,A59@B M*2V%3'(C.3=<"J(4-KU_F]CZ.<):6[(2EZS5A3Z"&6GC88*\E(-A((DTK[MG M,'<:LH[^F]T/+=;2$DB$XI Q MQ(F4]0Q+!5:!3WH_CUIVO>3F>L>6:M*EK(2 MKRL4+<&F-85*GWY%X:2Y5=V!Y(D)SR(DUK"W H]H_5O8:.=$$V#(JVP^J:Z) MNMGH3^2Y/CD9__[^S;O_3"9_J4^G M(U/-;I:^;$8Z^*SQ\]%MWER//L]]_65T%:KEZ',5ON1?L\GD06FTOBCR\LO; M]N,RJ_WHKL[?UK-KO\Q.JUG6K->^;IK5V^GT]O;VZ.XR%$=56$P1 'CZ36NG M1/O7Y$ELT@Y-()I@>'17S\>CZ&%9K]=^Q2)/XG<;\K=X+0V%$-/UW6^B=;Y- M,$X+IW_]<7J^]G.2EW63E3,_?O]F-'J (U2%_^2O1NWWGY].GDVRNCR:5VNJJQB@LVS1&K=6O [^ZGB\NLRCKU! !%#KZ6\;#"@](LVTJ?9I2^>V[!-KPCAF5H;$-$&!"9K,[?-UK.E'WS3K[$O)^S9 MWC,?\FINRYXAWC[M06P_;[+0,^:[)N[9_HNX^?E^+=^K9Y8\K^ M;/X)8C2;9KZ2!:O@ZYB>UEGE- X\RK?SOGZ'?9C=WS6^G/OY>L]^FK^H9AN. MU''.M1>UGQTMJJ_3N<^G[=[<7JPWZ0F CPGIMSB4KA>4EW43LEGSM&C1^G<\ MC@ND&S(IL ):Z9A62E*KK) $6TZ@(])A@.QSRXLVK5;A$9A>37_*_Q=QH1V6 M_RB2&L@13IAQB MJC>90.&6D@8(;S;A\C>$_QE2&V:@*Q3M7/H3' M=+(GP:_CW&S\,+,PVV#&<\5'B>DJ"]&$R>PZ+^9/VFV]TSE@52_ 13,/&>UO MJ<3$S>(?POY,-F7<,@91(CF&E .FB$ND%HP)9;C@J$/\T5#CWP7! Q'!EDW> MW'_RB[SUKVP^9,M=/-@FFC*CI1-8&X$PM1)(*PCE##E+I=(BZ4 #/#0:] #@ M05EP$D^(856%=2!B@=9X7=V43;C7U7P_*?9JID ;935QR$I!$8%2*H$40)"J MZ#JB'3A"ALF1/O$\*&5<7O@/-\M+'_;RX[M8F@"5$ IC"B2,"J@$1HHZ8BW' M">+N507/#C+089+AI\$[:.0OLKN3>40@O\H?6CVOH,$.G=0AA0 #VG)NJ#)" M,*2!=-Q29HR#K ,GDF%RHA\D#TH0.9_'D-2/7_'(YN%>/DQ7%2WY6LH\5TZ%412A1VFD%** MN.1&,(&9DL 2X5"7G8(/FA _C>&OH,.ZPOD8SD+U-6][Z:_@Q N55%H.F0#$ M)#"A#E$A*(ZL!PXA(#0!'8@A!DV,;D#^"G:<5763%7_GJW\\AFQ32#E)$JIU MW/&TI!IJ99VVRL0SEP-&:=.E404&38TN.!Z(&.TV)H//]E#A1Y&4,,*XYL@F MQ%"2<*XXQ2X.(L41<*I+\ ?7INR W('"W3Y&+LZNJW+_(?.E6(IU$BT'B&AI M:(*D4HD5 #DJ$4N0!:21AC%11<2#*XWV0>$!V+">57DL[S)R\4?L50)>5;L MH,&F8"JQIE@*!F$\ JOVX$- NZ-)26+Y:[J<%^#@>H^=\3L0 %+L.#R_%4F6@0\)I9+FFC%)%-",.4VH9MPYW>LUA<"W(CN@= M*/07(6O?>SV_7UY6NTJ'9S*I@=+ I.V@:T6Y 0+3>!P2%"4 ::IQEZ /KLW8 M!;H#_]CMW>PZ*Q=^STL-VT131*UQ**8S:"F5V/'H%5*6.LFI0:)3U3BX;F(/ M"!ZTBVB7/BPB0?\;JMOF.J:J55;>[VTC;M5(J<&0*DR1E)9")KF1G!LN!5$* MFVXO/ VTC]@'D ?EAHY A*PXB<7*W?_\?E:\D$T9E9H910 2@K*V/X8PA M5P 97@Y.3)P9@ % @ $R90 <&)I+3(P M,3DQ,C R7VQA8BYX;6Q02P$"% ,4 " O68-/V!CB2(X& #[- % M @ 'N< <&)I+3(P,3DQ,C R7W!R92YX;6Q02P4& @ ," 9 @ KG< end XML 16 R1.htm IDEA: XBRL DOCUMENT v3.19.3
Cover Page
Dec. 02, 2019
Cover page.  
Document Type 8-K
Document Period End Date Dec. 02, 2019
Entity Registrant Name Pitney Bowes Inc
Entity Incorporation, State or Country Code DE
Entity File Number 1-3579
Entity Tax Identification Number 06-0495050
Entity Address, Address Line One 3001 Summer Street,
Entity Address, City or Town Stamford,
Entity Address, State or Province CT
Entity Address, Postal Zip Code 06926
City Area Code (203)
Local Phone Number 356-5000
Written Communications false
Soliciting Material false
Pre-commencement Tender Offer false
Pre-commencement Issuer Tender Offer false
Title of 12(b) Security Common Stock, $1 par value per share
Trading Symbol PBI
Security Exchange Name NYSE
Entity Emerging Growth Company false
Entity Central Index Key 0000078814
Amendment Flag false

JSON 18 MetaLinks.json IDEA: XBRL DOCUMENT { "instance": { "a8-kforsoftwaresolutio.htm": { "axisCustom": 0, "axisStandard": 0, "contextCount": 1, "dts": { "calculationLink": { "local": [ "pbi-20191202_cal.xml" ] }, "definitionLink": { "local": [ "pbi-20191202_def.xml" ], "remote": [ "http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-eedm-def-2019-01-31.xml", "http://xbrl.fasb.org/srt/2019/elts/srt-eedm1-def-2019-01-31.xml" ] }, "inline": { "local": [ "a8-kforsoftwaresolutio.htm" ] }, "labelLink": { "local": [ "pbi-20191202_lab.xml" ], "remote": [ "https://xbrl.sec.gov/dei/2019/dei-doc-2019-01-31.xml" ] }, "presentationLink": { "local": [ "pbi-20191202_pre.xml" ] }, "referenceLink": { "remote": [ "https://xbrl.sec.gov/dei/2019/dei-ref-2019-01-31.xml" ] }, "schema": { "local": [ "pbi-20191202.xsd" ], "remote": [ "http://xbrl.fasb.org/srt/2019/elts/srt-types-2019-01-31.xsd", "http://www.xbrl.org/2003/xbrl-instance-2003-12-31.xsd", "http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd", "http://www.xbrl.org/2003/xl-2003-12-31.xsd", "http://www.xbrl.org/2003/xlink-2003-12-31.xsd", "http://www.xbrl.org/dtr/type/numeric-2009-12-16.xsd", "http://www.xbrl.org/dtr/type/nonNumeric-2009-12-16.xsd", "http://www.xbrl.org/2006/ref-2006-02-27.xsd", "http://xbrl.fasb.org/srt/2019/elts/srt-2019-01-31.xsd", "http://www.xbrl.org/2005/xbrldt-2005.xsd", "http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd", "http://xbrl.fasb.org/us-gaap/2019/elts/us-roles-2019-01-31.xsd", "http://xbrl.fasb.org/srt/2019/elts/srt-roles-2019-01-31.xsd", "https://xbrl.sec.gov/country/2017/country-2017-01-31.xsd", "http://xbrl.fasb.org/us-gaap/2019/elts/us-types-2019-01-31.xsd", "http://www.xbrl.org/lrr/arcrole/factExplanatory-2009-12-16.xsd", "http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd", "http://www.xbrl.org/lrr/role/net-2009-12-16.xsd", "https://xbrl.sec.gov/currency/2019/currency-2019-01-31.xsd", "https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd", "https://xbrl.sec.gov/exch/2019/exch-2019-01-31.xsd", "http://xbrl.sec.gov/invest/2013/invest-2013-01-31.xsd", "http://xbrl.sec.gov/naics/2017/naics-2017-01-31.xsd", "http://xbrl.sec.gov/sic/2011/sic-2011-01-31.xsd", "https://xbrl.sec.gov/stpr/2018/stpr-2018-01-31.xsd", "http://www.xbrl.org/lrr/role/deprecated-2009-12-16.xsd" ] } }, "elementCount": 23, "entityCount": 1, "hidden": { "http://xbrl.sec.gov/dei/2019-01-31": 2, "total": 2 }, "keyCustom": 0, "keyStandard": 97, "memberCustom": 0, "memberStandard": 0, "nsprefix": "pbi", "nsuri": "http://www.pb.com/20191202", "report": { "R1": { "firstAnchor": { "ancestors": [ "span", "div", "div", "body", "html" ], "baseRef": "a8-kforsoftwaresolutio.htm", "contextRef": "D2019Q4Dec2", "decimals": null, "first": true, "lang": "en-US", "name": "dei:DocumentType", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" }, "groupType": "document", "isDefault": "true", "longName": "0001000 - Document - Cover Page", "role": "http://www.pb.com/role/CoverPage", "shortName": "Cover Page", "subGroupType": "", "uniqueAnchor": { "ancestors": [ "span", "div", "div", "body", "html" ], "baseRef": "a8-kforsoftwaresolutio.htm", "contextRef": "D2019Q4Dec2", "decimals": null, "first": true, "lang": "en-US", "name": "dei:DocumentType", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" } } }, "segmentCount": 0, "tag": { "dei_AmendmentFlag": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Boolean flag that is true when the XBRL content amends previously-filed or accepted submission.", "label": "Amendment Flag", "terseLabel": "Amendment Flag" } } }, "localname": "AmendmentFlag", "nsuri": "http://xbrl.sec.gov/dei/2019-01-31", "presentation": [ "http://www.pb.com/role/CoverPage" ], "xbrltype": "booleanItemType" }, "dei_CityAreaCode": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Area code of city", "label": "City Area Code", "terseLabel": "City Area Code" } } }, "localname": "CityAreaCode", "nsuri": "http://xbrl.sec.gov/dei/2019-01-31", "presentation": [ "http://www.pb.com/role/CoverPage" ], "xbrltype": "normalizedStringItemType" }, "dei_CoverAbstract": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Cover page.", "label": "Cover page." } } }, "localname": "CoverAbstract", "nsuri": "http://xbrl.sec.gov/dei/2019-01-31", "xbrltype": "stringItemType" }, "dei_DocumentPeriodEndDate": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "The end date of the period reflected on the cover page if a periodic report. For all other reports and registration statements containing historical data, it is the date up through which that historical data is presented. If there is no historical data in the report, use the filing date. The format of the date is CCYY-MM-DD.", "label": "Document Period End Date", "terseLabel": "Document Period End Date" } } }, "localname": "DocumentPeriodEndDate", "nsuri": "http://xbrl.sec.gov/dei/2019-01-31", "presentation": [ "http://www.pb.com/role/CoverPage" ], "xbrltype": "dateItemType" }, "dei_DocumentType": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'.", "label": "Document Type", "terseLabel": "Document Type" } } }, "localname": "DocumentType", "nsuri": "http://xbrl.sec.gov/dei/2019-01-31", "presentation": [ "http://www.pb.com/role/CoverPage" ], "xbrltype": "submissionTypeItemType" }, "dei_EntityAddressAddressLine1": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Address Line 1 such as Attn, Building Name, Street Name", "label": "Entity Address, Address Line One", "terseLabel": "Entity Address, Address Line One" } } }, "localname": "EntityAddressAddressLine1", "nsuri": "http://xbrl.sec.gov/dei/2019-01-31", "presentation": [ "http://www.pb.com/role/CoverPage" ], "xbrltype": "normalizedStringItemType" }, "dei_EntityAddressCityOrTown": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Name of the City or Town", "label": "Entity Address, City or Town", "terseLabel": "Entity Address, City or Town" } } }, "localname": "EntityAddressCityOrTown", "nsuri": "http://xbrl.sec.gov/dei/2019-01-31", "presentation": [ "http://www.pb.com/role/CoverPage" ], "xbrltype": "normalizedStringItemType" }, "dei_EntityAddressPostalZipCode": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Code for the postal or zip code", "label": "Entity Address, Postal Zip Code", "terseLabel": "Entity Address, Postal Zip Code" } } }, "localname": "EntityAddressPostalZipCode", "nsuri": "http://xbrl.sec.gov/dei/2019-01-31", "presentation": [ "http://www.pb.com/role/CoverPage" ], "xbrltype": "normalizedStringItemType" }, "dei_EntityAddressStateOrProvince": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Name of the state or province.", "label": "Entity Address, State or Province", "terseLabel": "Entity Address, State or Province" } } }, "localname": "EntityAddressStateOrProvince", "nsuri": "http://xbrl.sec.gov/dei/2019-01-31", "presentation": [ "http://www.pb.com/role/CoverPage" ], "xbrltype": "stateOrProvinceItemType" }, "dei_EntityCentralIndexKey": { "auth_ref": [ "r5" ], "lang": { "en-US": { "role": { "documentation": "A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.", "label": "Entity Central Index Key", "terseLabel": "Entity Central Index Key" } } }, "localname": "EntityCentralIndexKey", "nsuri": "http://xbrl.sec.gov/dei/2019-01-31", "presentation": [ "http://www.pb.com/role/CoverPage" ], "xbrltype": "centralIndexKeyItemType" }, "dei_EntityEmergingGrowthCompany": { "auth_ref": [ "r5" ], "lang": { "en-US": { "role": { "documentation": "Indicate if registrant meets the emerging growth company criteria.", "label": "Entity Emerging Growth Company", "terseLabel": "Entity Emerging Growth Company" } } }, "localname": "EntityEmergingGrowthCompany", "nsuri": "http://xbrl.sec.gov/dei/2019-01-31", "presentation": [ "http://www.pb.com/role/CoverPage" ], "xbrltype": "booleanItemType" }, "dei_EntityFileNumber": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Commission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen.", "label": "Entity File Number", "terseLabel": "Entity File Number" } } }, "localname": "EntityFileNumber", "nsuri": "http://xbrl.sec.gov/dei/2019-01-31", "presentation": [ "http://www.pb.com/role/CoverPage" ], "xbrltype": "fileNumberItemType" }, "dei_EntityIncorporationStateCountryCode": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Two-character EDGAR code representing the state or country of incorporation.", "label": "Entity Incorporation, State or Country Code", "terseLabel": "Entity Incorporation, State or Country Code" } } }, "localname": "EntityIncorporationStateCountryCode", "nsuri": "http://xbrl.sec.gov/dei/2019-01-31", "presentation": [ "http://www.pb.com/role/CoverPage" ], "xbrltype": "edgarStateCountryItemType" }, "dei_EntityRegistrantName": { "auth_ref": [ "r5" ], "lang": { "en-US": { "role": { "documentation": "The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.", "label": "Entity Registrant Name", "terseLabel": "Entity Registrant Name" } } }, "localname": "EntityRegistrantName", "nsuri": "http://xbrl.sec.gov/dei/2019-01-31", "presentation": [ "http://www.pb.com/role/CoverPage" ], "xbrltype": "normalizedStringItemType" }, "dei_EntityTaxIdentificationNumber": { "auth_ref": [ "r5" ], "lang": { "en-US": { "role": { "documentation": "The Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS.", "label": "Entity Tax Identification Number", "terseLabel": "Entity Tax Identification Number" } } }, "localname": "EntityTaxIdentificationNumber", "nsuri": "http://xbrl.sec.gov/dei/2019-01-31", "presentation": [ "http://www.pb.com/role/CoverPage" ], "xbrltype": "employerIdItemType" }, "dei_LocalPhoneNumber": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Local phone number for entity.", "label": "Local Phone Number", "terseLabel": "Local Phone Number" } } }, "localname": "LocalPhoneNumber", "nsuri": "http://xbrl.sec.gov/dei/2019-01-31", "presentation": [ "http://www.pb.com/role/CoverPage" ], "xbrltype": "normalizedStringItemType" }, "dei_PreCommencementIssuerTenderOffer": { "auth_ref": [ "r2" ], "lang": { "en-US": { "role": { "documentation": "Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act.", "label": "Pre-commencement Issuer Tender Offer", "terseLabel": "Pre-commencement Issuer Tender Offer" } } }, "localname": "PreCommencementIssuerTenderOffer", "nsuri": "http://xbrl.sec.gov/dei/2019-01-31", "presentation": [ "http://www.pb.com/role/CoverPage" ], "xbrltype": "booleanItemType" }, "dei_PreCommencementTenderOffer": { "auth_ref": [ "r3" ], "lang": { "en-US": { "role": { "documentation": "Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act.", "label": "Pre-commencement Tender Offer", "terseLabel": "Pre-commencement Tender Offer" } } }, "localname": "PreCommencementTenderOffer", "nsuri": "http://xbrl.sec.gov/dei/2019-01-31", "presentation": [ "http://www.pb.com/role/CoverPage" ], "xbrltype": "booleanItemType" }, "dei_Security12bTitle": { "auth_ref": [ "r0" ], "lang": { "en-US": { "role": { "documentation": "Title of a 12(b) registered security.", "label": "Title of 12(b) Security", "terseLabel": "Title of 12(b) Security" } } }, "localname": "Security12bTitle", "nsuri": "http://xbrl.sec.gov/dei/2019-01-31", "presentation": [ "http://www.pb.com/role/CoverPage" ], "xbrltype": "securityTitleItemType" }, "dei_SecurityExchangeName": { "auth_ref": [ "r1" ], "lang": { "en-US": { "role": { "documentation": "Name of the Exchange on which a security is registered.", "label": "Security Exchange Name", "terseLabel": "Security Exchange Name" } } }, "localname": "SecurityExchangeName", "nsuri": "http://xbrl.sec.gov/dei/2019-01-31", "presentation": [ "http://www.pb.com/role/CoverPage" ], "xbrltype": "edgarExchangeCodeItemType" }, "dei_SolicitingMaterial": { "auth_ref": [ "r4" ], "lang": { "en-US": { "role": { "documentation": "Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as soliciting material pursuant to Rule 14a-12 under the Exchange Act.", "label": "Soliciting Material", "terseLabel": "Soliciting Material" } } }, "localname": "SolicitingMaterial", "nsuri": "http://xbrl.sec.gov/dei/2019-01-31", "presentation": [ "http://www.pb.com/role/CoverPage" ], "xbrltype": "booleanItemType" }, "dei_TradingSymbol": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Trading symbol of an instrument as listed on an exchange.", "label": "Trading Symbol", "terseLabel": "Trading Symbol" } } }, "localname": "TradingSymbol", "nsuri": "http://xbrl.sec.gov/dei/2019-01-31", "presentation": [ "http://www.pb.com/role/CoverPage" ], "xbrltype": "tradingSymbolItemType" }, "dei_WrittenCommunications": { "auth_ref": [ "r6" ], "lang": { "en-US": { "role": { "documentation": "Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as written communications pursuant to Rule 425 under the Securities Act.", "label": "Written Communications", "terseLabel": "Written Communications" } } }, "localname": "WrittenCommunications", "nsuri": "http://xbrl.sec.gov/dei/2019-01-31", "presentation": [ "http://www.pb.com/role/CoverPage" ], "xbrltype": "booleanItemType" } }, "unitCount": 0 } }, "std_ref": { "r0": { "Name": "Exchange Act", "Number": "240", "Publisher": "SEC", "Section": "12", "Subsection": "b" }, "r1": { "Name": "Exchange Act", "Number": "240", "Publisher": "SEC", "Section": "12", "Subsection": "d1-1" }, "r2": { "Name": "Exchange Act", "Number": "240", "Publisher": "SEC", "Section": "13e", "Subsection": "4c" }, "r3": { "Name": "Exchange Act", "Number": "240", "Publisher": "SEC", "Section": "14d", "Subsection": "2b" }, "r4": { "Name": "Exchange Act", "Number": "240", "Publisher": "SEC", "Section": "14a", "Subsection": "12" }, "r5": { "Name": "Regulation 12B", "Number": "240", "Publisher": "SEC", "Section": "12", "Subsection": "b-2" }, "r6": { "Name": "Securities Act", "Number": "230", "Publisher": "SEC", "Section": "425" } }, "version": "2.1" }