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Segment Information (Tables)
6 Months Ended
Jun. 30, 2018
Segment Reporting [Abstract]  
Reconciliation of Revenue from Segments to Consolidated Statements
Revenue and EBIT by business segment is presented below:
 
Revenue
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
2018
 
2017
 
2018
 
2017
Global Ecommerce
$
239,100

 
$
94,506

 
$
485,690

 
$
182,658

Presort Services
122,730

 
118,452

 
257,188

 
251,129

Commerce Services
361,830

 
212,958

 
742,878

 
433,787

North America Mailing
314,546

 
340,949

 
640,115

 
696,902

International Mailing
93,358

 
95,425

 
191,395

 
188,624

Small & Medium Business Solutions
407,904

 
436,374

 
831,510

 
885,526

Software Solutions
91,702

 
81,081

 
167,996

 
154,280

Total revenue
$
861,436

 
$
730,413

 
$
1,742,384


$
1,473,593


 
EBIT
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
2018
 
2017
 
2018
 
2017
Global Ecommerce
$
(5,993
)
 
$
(4,030
)
 
$
(13,704
)
 
$
(8,300
)
Presort Services
12,565

 
19,270

 
39,591

 
49,987

Commerce Services
6,572

 
15,240

 
25,887

 
41,687

North America Mailing
115,193

 
120,797

 
234,763

 
262,041

International Mailing
13,215

 
14,020

 
29,246

 
27,430

Small & Medium Business Solutions
128,408

 
134,817

 
264,009

 
289,471

Software Solutions
18,433

 
5,091

 
20,925

 
6,397

Total segment EBIT
153,413

 
155,148

 
310,821

 
337,555

Reconciling items:
 
 
 
 
 

 
 

Unallocated corporate expenses
(46,477
)
 
(52,549
)
 
(97,561
)
 
(110,151
)
Interest, net
(41,969
)
 
(40,443
)
 
(85,047
)
 
(79,093
)
Restructuring charges and asset impairments, net
(11,503
)
 
(25,990
)
 
(12,407
)
 
(27,639
)
Gain from the sale of technology

 
6,085

 

 
6,085

Transaction costs

 

 
(1,053
)
 

Income from continuing operations before income taxes
53,464

 
42,251

 
114,753

 
126,757

Provision for income taxes
6,458

 
790

 
22,721

 
27,872

Income from discontinued operations, net of tax
1,208

 
7,440

 
9,695

 
15,149

Net income
$
48,214

 
$
48,901

 
$
101,727

 
$
114,034


Reconciliation of EBIT from Segments to Consolidated
 
EBIT
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
2018
 
2017
 
2018
 
2017
Global Ecommerce
$
(5,993
)
 
$
(4,030
)
 
$
(13,704
)
 
$
(8,300
)
Presort Services
12,565

 
19,270

 
39,591

 
49,987

Commerce Services
6,572

 
15,240

 
25,887

 
41,687

North America Mailing
115,193

 
120,797

 
234,763

 
262,041

International Mailing
13,215

 
14,020

 
29,246

 
27,430

Small & Medium Business Solutions
128,408

 
134,817

 
264,009

 
289,471

Software Solutions
18,433

 
5,091

 
20,925

 
6,397

Total segment EBIT
153,413

 
155,148

 
310,821

 
337,555

Reconciling items:
 
 
 
 
 

 
 

Unallocated corporate expenses
(46,477
)
 
(52,549
)
 
(97,561
)
 
(110,151
)
Interest, net
(41,969
)
 
(40,443
)
 
(85,047
)
 
(79,093
)
Restructuring charges and asset impairments, net
(11,503
)
 
(25,990
)
 
(12,407
)
 
(27,639
)
Gain from the sale of technology

 
6,085

 

 
6,085

Transaction costs

 

 
(1,053
)
 

Income from continuing operations before income taxes
53,464

 
42,251

 
114,753

 
126,757

Provision for income taxes
6,458

 
790

 
22,721

 
27,872

Income from discontinued operations, net of tax
1,208

 
7,440

 
9,695

 
15,149

Net income
$
48,214

 
$
48,901

 
$
101,727

 
$
114,034