Acquisitions, Divestiture, Intangible Assets and Goodwill (Tables)

12 Months Ended

Dec. 31, 2017

Goodwill and Intangible Assets Disclosure [Abstract]

Allocation of Purchase Price

The allocation of the purchase price to the fair values of assets acquired and liabilities assumed was as follows:

Accounts receivable	$	36,195
Other current assets	16,051
Fixed assets	26,933
Goodwill	330,272
Intangible assets	135,640
Accounts payable and other current liabilities	(21,500		)
Deferred taxes, net	(52,363		)
Other assets and liabilities, net	(688		)
	$	470,540

Intangible Assets Acquired

Intangible assets acquired consisted of the following:

	Value			Amortization period
Customer relationships	$	111,600	—	10 years
Developed technology	19,000		—	5 years
Tradenames	4,300		—	3 years
Other	740			1-3 years
Total intangible assets, net	$	135,640

Intangible Assets Disclosure

Intangible assets at December 31, 2017 and 2016 consisted of the following:

	December 31, 2017							December 31, 2016
	Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount
Customer relationships	$	526,149	$	(292,500	)	$	233,649	$	445,039	$	(300,906	)	$	144,133
Software & technology	173,141		(144,742		)	28,399		150,037		(136,508		)	13,529
Trademarks & other	42,505		(32,367		)	10,138		36,212		(28,702		)	7,510
Total intangible assets, net	$	741,795	$	(469,609	)	$	272,186	$	631,288	$	(466,116	)	$	165,172

Future Amortization

The future amortization expense for intangible assets at December 31, 2017 is as follows:

Year ended December 31,
2018	$	42,564
2019	38,838
2020	34,251
2021	30,631
2022	29,223
Thereafter	96,679
Total	$	272,186

Schedule of Goodwill

The changes in the carrying amount of goodwill, by reporting segment, for the years ended December 31, 2017 and 2016 are shown in the tables below.

	Gross value before accumulated impairment		Accumulated impairment			December 31, 2016		Acquisition		Impairment		Other (1)		December 31, 2017
North America Mailing	$	354,000	$	—		$	354,000	$	—	$	—	$	14,905	$	368,905
International Mailing	145,566		—			145,566		—		—		12,637		158,203
Small & Medium Business Solutions	499,566		—			499,566		—		—		27,542		527,108
Production Mail	101,099		—			101,099		—		—		6,390		107,489
Presort Services	196,890		—			196,890		7,891		—		—		204,781
Enterprise Business Solutions	297,989		—			297,989		7,891		—		6,390		312,270
Software Solutions	672,683		(171,092		)	501,591		—		—		9,014		510,605
Global Ecommerce	272,189		—			272,189		330,272		—		—		602,461
Digital Commerce Solutions	944,872		(171,092		)	773,780		330,272		—		9,014		1,113,066
Total goodwill	$	1,742,427	$	(171,092	)	$	1,571,335	$	338,163	$	—	$	42,946	$	1,952,444

	Gross value before accumulated impairment		Accumulated impairment		December 31, 2015		Acquisition		Impairment			Other (1)			December 31, 2016
North America Mailing	$	357,215	$	—	$	357,215	$	—	$	—		$	(3,215	)	$	354,000
International Mailing	148,351		—		148,351		—		—			(2,785		)	145,566
Small & Medium Business Solutions	505,566		—		505,566		—		—			(6,000		)	499,566
Production Mail	105,757		—		105,757		—		—			(4,658		)	101,099
Presort Services	196,890		—		196,890		—		—			—			196,890
Enterprise Business Solutions	302,647		—		302,647		—		—			(4,658		)	297,989
Software Solutions	674,976		—		674,976		11,908		(171,092		)	(14,201		)	501,591
Global Ecommerce	262,768		—		262,768		9,421		—			—			272,189
Digital Commerce Solutions	937,744		—		937,744		21,329		(171,092		)	(14,201		)	773,780
Total goodwill	$	1,745,957	$	—	$	1,745,957	$	21,329	$	(171,092	)	$	(24,859	)	$	1,571,335

(1) Primarily represents foreign currency translation adjustments.