Segment Information (Tables)

12 Months Ended

Dec. 31, 2023

Segment Reporting [Abstract]

Summary of Reconciliation of Revenue From Segments to Consolidated Statements

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

	Revenue
	Years Ended December 31,
	2023		2022		2021
Global Ecommerce	$	1,355,326	$	1,576,348	$	1,702,580
Presort Services	617,599		602,016		573,480
SendTech Solutions	1,293,423		1,359,678		1,397,501
Total revenue	$	3,266,348	$	3,538,042	$	3,673,561
Geographic data:
United States	$	2,899,502	$	3,065,211	$	3,114,905
Outside United States	366,846		472,831		558,656
Total revenue	$	3,266,348	$	3,538,042	$	3,673,561

Summary of Reconciliation of EBIT From Segments to Consolidated Statements

	Adjusted Segment EBIT
	Years Ended December 31,
	2023		2022		2021
Global Ecommerce	$	(133,733)	$	(100,308)	$	(98,673)
Presort Services	110,912		82,430		79,721
SendTech Solutions	405,347		400,909		429,415
Total adjusted segment EBIT	382,526		383,031		410,463
Reconciling items:
Interest, net	(163,726)		(141,769)		(143,945)
Unallocated corporate expenses	(210,931)		(204,251)		(207,774)
Restructuring charges	(61,585)		(18,715)		(19,003)
Goodwill impairment	(339,184)		—		—
Gain on sale of assets	—		14,372		1,434
Gain on sale of businesses, including transaction costs	—		12,205		7,619
Gain (loss) on debt redemption/refinancing	3,064		(4,993)		(56,209)
Proxy solicitation fees	(10,905)		—		—
Foreign currency loss on intercompany loans	(5,761)		—		—
Benefit (provision) for income taxes	20,875		(2,940)		10,922
(Loss) income from continuing operations	(385,627)		36,940		3,507
Loss from discontinued operations, net of tax	—		—		(4,858)
Net (loss) income	$	(385,627)	$	36,940	$	(1,351)

Summary of Reconciliation of Depreciation and Amortization from Segments to Consolidated

	Depreciation and amortization
	Years Ended December 31,
	2023		2022		2021
Global Ecommerce	$	66,664	$	78,296	$	79,128
Presort Services	33,642		28,039		27,243
SendTech Solutions	30,005		29,489		29,950
Total for reportable segments	130,311		135,824		136,321
Corporate	30,119		27,992		26,538
Total depreciation and amortization	$	160,430	$	163,816	$	162,859

Summary of Reconciliation of Other Significant Reconciling Items from Segments to Consolidated

	Capital expenditures
	Years Ended December 31,
	2023		2022		2021
Global Ecommerce	$	34,757	$	51,430	$	89,488
Presort Services	11,182		23,363		36,628
SendTech Solutions	38,840		33,364		26,028
Total for reportable segments	84,779		108,157		152,144
Corporate	18,099		16,683		31,898
Total capital expenditures	$	102,878	$	124,840	$	184,042

Summary of Reconciliation of Assets from Segment to Consolidated

	Assets
	December 31,
	2023		2022		2021
Global Ecommerce	$	597,073	$	996,297	$	1,032,434
Presort Services	500,757		510,345		479,392
SendTech Solutions	2,054,889		2,023,020		2,013,361
Total for reportable segments	3,152,719		3,529,662		3,525,187
Cash and cash equivalents	601,053		669,981		732,480
Short-term investments	22,166		11,172		14,440
Long-term investments	250,240		259,977		333,052
Other corporate assets	246,007		270,563		353,712
Consolidated assets	$	4,272,185	$	4,741,355	$	4,958,871

Summary of Long-Lived Assets in Individual Foreign Countries by Country

Identifiable long-lived assets:
United States	$	703,484	$	730,347	$	658,070
Outside United States	13,685		13,941		14,294
Total	$	717,169	$	744,288	$	672,364