Segment Information (Tables)

3 Months Ended

Mar. 31, 2022

Segment Reporting [Abstract]

Reconciliation of Revenue from Segments to Consolidated Statements

The following tables provide information about our reportable segments and reconciliation of segment EBIT to net income (loss).

	Revenue
	Three Months Ended March 31,
	2022		2021
Global Ecommerce	$	418,527	$	413,086
Presort Services	160,544		143,126
SendTech Solutions	347,871		358,985
Total revenue	$	926,942	$	915,197

Reconciliation of EBIT from Segments to Consolidated

	EBIT
	Three Months Ended March 31,
	2022		2021
Global Ecommerce	$	(13,696)	$	(26,376)
Presort Services	19,632		19,051
SendTech Solutions	104,575		114,470
Total segment EBIT	110,511		107,145
Reconciliation of Segment EBIT to net income (loss):
Unallocated corporate expenses	(57,834)		(57,465)
Restructuring charges	(4,184)		(2,889)
Interest expense, net	(33,726)		(37,044)
Loss on debt redemption/refinancing	(4,993)		(51,394)
Gain on sale of business	2,522		—
Gain on sale of assets	14,372		—
Transaction costs	(1,644)		—
(Provision) benefit for income taxes	(4,203)		13,992
Income (loss) from continuing operations	20,821		(27,655)
Loss from discontinued operations, net of tax	—		(3,886)
Net income (loss)	$	20,821	$	(31,541)

Effective for 2022, we refined our methodology for allocating transportation costs between Global Ecommerce and Presort Services, resulting in an increase to Global Ecommerce EBIT and a corresponding decrease to Presort Services EBIT of approximately $3 million for the three months ended March 31, 2022.