XML 38 R27.htm IDEA: XBRL DOCUMENT v3.19.2
Segment Information (Tables)
6 Months Ended
Jun. 30, 2019
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,
 
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


Reconciliation of EBIT from Segments to Consolidated
 
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