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Segment Information
3 Months Ended
Mar. 31, 2019
Segment Reporting [Abstract]  
Segment Information
Segment Information
The principal products and services of each reportable segment are as follows:
Commerce Services:
Global Ecommerce: Includes the worldwide revenue and related expenses from cross-border ecommerce transactions and domestic retail and ecommerce shipping solutions and fulfillment, delivery and return services.
Presort Services: Includes revenue and related expenses from sortation services that allow clients to qualify large volumes of First Class Mail, Marketing Mail and Bound and Packet Mail (Standard Flats and Bound Printed Matter) for postal worksharing discounts.
Small & Medium Business (SMB) Solutions:
North America Mailing: Includes the revenue and related expenses from mailing and shipping solutions, financing, services, supplies and other applications for small and medium businesses to efficiently create mail, evidence postage and help simplify and save on the sending, tracking and receiving of letters, parcels and flats in the U.S. and Canada.
International Mailing: Includes the revenue and related expenses from mailing and shipping solutions, financing, services and supplies for small and medium businesses to efficiently create mail, evidence postage and help simplify and save on the sending, tracking and receiving of letters, parcels and flats in areas outside the U.S. and Canada.
Software Solutions:
Includes the worldwide revenue and related expenses from the licensing of customer engagement, customer information, location intelligence software, data solutions and related support services.
Management uses segment earnings before interest and taxes (EBIT) to measure profitability and performance at the segment level and believes that it provides a useful measure of operating performance and underlying trends of the business. We determine segment EBIT by deducting from segment revenue the related costs and expenses attributable to the segment. Segment EBIT excludes interest, taxes, general corporate expenses, restructuring charges and other items not allocated to a particular business segment. 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 income.
Revenue and EBIT by business segment is presented below:
 
Revenue
 
Three Months Ended March 31,
 
2019
 
2018
Global Ecommerce
$
266,254

 
$
246,590

Presort Services
134,847

 
134,458

Commerce Services
401,101

 
381,048

North America Mailing
315,474

 
340,811

International Mailing
78,509

 
98,430

SMB Solutions
393,983

 
439,241

Software Solutions
73,318

 
76,294

Total revenue
$
868,402

 
$
896,583


 
EBIT
 
Three Months Ended March 31,
 
2019
 
2018
Global Ecommerce
$
(14,600
)
 
$
(7,711
)
Presort Services
15,066

 
27,026

Commerce Services
466

 
19,315

North America Mailing
110,613

 
128,568

International Mailing
11,790

 
16,022

SMB Solutions
122,403

 
144,590

Software Solutions
1,692

 
2,492

Total segment EBIT
124,561

 
166,397

Reconciling items:
 

 
 

Interest, net
(38,966
)
 
(43,078
)
Unallocated corporate expenses
(55,689
)
 
(51,082
)
Restructuring charges
(3,598
)
 
(904
)
Other expense
(17,710
)
 

Transaction costs
(1,726
)
 
(1,055
)
Income from continuing operations before income taxes
6,872

 
70,278

Provision for income taxes
8,301

 
18,795

(Loss) income from discontinued operations, net of tax
(1,230
)
 
8,487

Net (loss) income
$
(2,659
)
 
$
59,970