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Segment Information
 6 Months Ended
Jun. 30, 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 revenue and related expenses from global cross-border ecommerce transactions and domestic retail and ecommerce shipping solutions, including fulfillment and returns.
Presort Services: Includes revenue and related expenses from sortation services to qualify large volumes of First Class Mail, Marketing Mail and Bound and Packet Mail (Marketing Mail 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 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 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 revenue and related expenses from customer engagement, customer information, location intelligence software and data.
Management uses segment earnings before interest and taxes (EBIT) to measure profitability and performance at the segment level and believes that it provides investors 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 June 30,
 
Six Months Ended June 30,
 
2019
 
2018
 
2019
 
2018
Global Ecommerce
$
282,319

 
$
239,100

 
$
548,573

 
$
485,690

Presort Services
128,138

 
122,730

 
262,985

 
257,188

Commerce Services
410,457

 
361,830

 
811,558

 
742,878

North America Mailing
303,417

 
318,901

 
618,891

 
659,712

International Mailing
74,699

 
92,806

 
153,208

 
191,236

SMB Solutions
378,116

 
411,707

 
772,099

 
850,948

Software Solutions
72,206

 
91,703

 
145,524

 
167,997

Total revenue
$
860,779

 
$
865,240

 
$
1,729,181

 
$
1,761,823


 
EBIT
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
2019
 
2018
 
2019
 
2018
Global Ecommerce
$
(15,576
)
 
$
(5,993
)
 
$
(30,176
)
 
$
(13,704
)
Presort Services
15,462

 
12,565

 
30,528

 
39,591

Commerce Services
(114
)
 
6,572

 
352

 
25,887

North America Mailing
112,804

 
120,139

 
223,417

 
248,707

International Mailing
11,934

 
13,091

 
23,724

 
29,113

SMB Solutions
124,738

 
133,230

 
247,141

 
277,820

Software Solutions
2,002

 
18,433

 
3,694

 
20,925

Total segment EBIT
126,626

 
158,235

 
251,187

 
324,632

Reconciliation of Segment EBIT to net income:
 
 
 
 
 

 
 

Unallocated corporate expenses
(43,785
)
 
(46,477
)
 
(99,474
)
 
(97,559
)
Restructuring charges and asset impairments, net
(7,279
)
 
(11,503
)
 
(10,877
)
 
(12,407
)
Interest, net
(39,062
)
 
(41,969
)
 
(78,028
)
 
(85,047
)
Other income (expense)
27

 
—

 
(17,683
)
 
—

Transaction costs
(2,150
)
 
—

 
(3,876
)
 
(1,055
)
Provision for income taxes
(4,099
)
 
(7,899
)
 
(12,400
)
 
(26,694
)
Income from continuing operations
30,278

 
50,387

 
28,849

 
101,870

(Loss) income from discontinued operations, net of tax
(6,581
)
 
1,208

 
(7,811
)
 
9,695

Net income
$
23,697

 
$
51,595

 
$
21,038

 
$
111,565