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Segment Information
 6 Months Ended
Jun. 30, 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 Marketing Mail Flats and Bound Printed Matter for postal worksharing discounts.
SendTech Solutions: Includes the revenue and related expenses from physical and digital mailing and shipping technology solutions, 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 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) income.
 
Revenue
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
2020
 
2019
 
2020
 
2019
Global Ecommerce
$
398,453

 
$
282,319

 
$
690,776

 
$
548,573

Presort Services
118,127

 
128,138

 
258,847

 
262,985

Commerce Services
516,580

 
410,457

 
949,623

 
811,558

SendTech Solutions
320,912

 
378,116

 
684,137

 
772,099

Total revenue
$
837,492

 
$
788,573

 
$
1,633,760

 
$
1,583,657



 
EBIT
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
2020
 
2019
 
2020
 
2019
Global Ecommerce
$
(18,894
)
 
$
(15,576
)
 
$
(48,369
)
 
$
(30,176
)
Presort Services
12,582

 
15,462

 
28,277

 
30,528

Commerce Services
(6,312
)
 
(114
)
 
(20,092
)
 
352

SendTech Solutions
104,268

 
124,738

 
210,830

 
247,141

Total segment EBIT
97,956

 
124,624

 
190,738

 
247,493

Reconciliation of Segment EBIT to net (loss) income:
 
 
 
 
 

 
 

Unallocated corporate expenses
(49,489
)
 
(45,048
)
 
(93,211
)
 
(102,006
)
Restructuring charges and asset impairments
(4,922
)
 
(5,899
)
 
(8,739
)
 
(9,599
)
Interest expense, net
(38,385
)
 
(39,062
)
 
(76,757
)
 
(78,028
)
Gain on sale of equity investment
11,908

 
—

 
11,908

 
—

Goodwill impairment
—

 
—

 
(198,169
)
 
—

Loss on extinguishment of debt
—

 
—

 
(36,987
)
 
—

Loss on dispositions and transaction costs
(349
)
 
(1,581
)
 
(641
)
 
(19,549
)
Provision for income taxes
(17,016
)
 
(3,724
)
 
(6,986
)
 
(11,544
)
(Loss) income from continuing operations
(297
)
 
29,310

 
(218,844
)
 
26,767

(Loss) income from discontinued operations, net of tax
(3,032
)
 
(5,613
)
 
7,032

 
(5,729
)
Net (loss) income
$
(3,329
)
 
$
23,697

 
$
(211,812
)
 
$
21,038



During the three and six months ended June 30, 2020, we received insurance proceeds of $5 million and $9 million, respectively, related to the October 2019 malware attack, a portion of which has been allocated to the business segments.