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Segment Information
3 Months Ended
Mar. 31, 2020
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 facilitate domestic retail and ecommerce shipping solutions, including fulfillment and returns, and global cross-border ecommerce transactions.
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 and packages.
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 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 loss.
 
Revenue
 
Three Months Ended March 31,
 
2020
 
2019
Global Ecommerce
$
292,323

 
$
266,254

Presort Services
140,720

 
134,847

Commerce Services
433,043

 
401,101

SendTech Solutions
363,225

 
393,983

Total revenue
$
796,268

 
$
795,084


 
EBIT
 
Three Months Ended March 31,
 
2020
 
2019
Global Ecommerce
$
(29,475
)
 
$
(14,600
)
Presort Services
15,695

 
15,066

Commerce Services
(13,780
)
 
466

SendTech Solutions
106,562

 
122,403

Total segment EBIT
92,782

 
122,869

Reconciliation of Segment EBIT to net loss:
 

 
 

Unallocated corporate expenses
(43,722
)
 
(56,958
)
Restructuring charges
(3,817
)
 
(3,700
)
Interest expense, net
(38,372
)
 
(38,966
)
Goodwill impairment
(198,169
)
 

Loss on extinguishment of debt
(36,987
)
 

Loss on Market Exits

 
(17,710
)
Transaction costs
(292
)
 
(258
)
Benefit (provision) for income taxes
10,030

 
(7,820
)
Loss from continuing operations
(218,547
)
 
(2,543
)
Income (loss) from discontinued operations, net of tax
10,064

 
(116
)
Net loss
$
(208,483
)
 
$
(2,659
)


During the three months ended March 31, 2020, we received an advance of $4 million against our insurance claim related to the October 2019 ransomware attack, a portion of which has been allocated to the business segments.