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Segment Information
 9 Months Ended
Sep. 30, 2024
Segment Reporting [Abstract]  
Segment Information Segment Information
Our reportable segments are SendTech Solutions and Presort Services. SendTech Solutions includes the revenue and related expenses from physical and digital shipping and mailing technology solutions, financing, services, supplies and other applications to help simplify and save on the sending, tracking and receiving of letters, parcels and flats. Presort Services includes the revenue and related expenses from sortation services that qualify large volumes of First Class Mail, Marketing Mail and Marketing Mail Flats/Bound Printed Matter for postal worksharing discounts.
Other operations includes the revenue and related expenses of our former Global Ecommerce reportable segment that did not qualify for discontinued operations treatment. These operations represent previous operations that were dissolved or sold, shared services functions that are expected to wind-down by the end of 2024 and a cross-border services contract.
Management reports adjusted segment earnings before interest and taxes (EBIT) as its measure of segment profitability. Adjusted segment EBIT is calculated as segment revenue less the related costs and expenses attributable to the segment. Segment expenses exclude general corporate expenses, restructuring charges, goodwill impairment charges, interest, taxes and other items not allocated to a particular business segment. Costs related to shared assets are allocated to the relevant segments. Management believes that adjusted segment EBIT provides investors a useful measure of operating performance and underlying trends of the business. Adjusted 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 a reconciliation of adjusted segment EBIT to income or loss from continuing operations before income taxes.
Revenue
Three Months Ended September 30,Nine Months Ended September 30,
2024202320242023
SendTech Solutions$312,763 $327,041 $960,355 $990,361 
Presort Services166,367 152,451 483,032 454,460 
Total segment revenue479,130 479,492 1,443,387 1,444,821 
Other
20,333 23,541 67,090 107,688 
Total revenue$499,463 $503,033 $1,510,477 $1,552,509 

Adjusted Segment EBIT
Three Months Ended September 30,Nine Months Ended September 30,
2024202320242023
SendTech Solutions$104,228 $99,220 $306,473 $291,705 
Presort Services46,179 29,124 113,556 76,458 
Total adjusted segment EBIT150,407 128,344 420,029 368,163 
Reconciliation of adjusted segment EBIT to net income or loss from continuing operations before income taxes:
 
Other operations
(4,236)(2,595)(4,824)(1,017)
Interest expense, net(43,859)(43,176)(131,986)(116,934)
Corporate expenses
(43,386)(41,704)(144,431)(145,762)
Restructuring charges
(30,694)(13,942)(64,859)(34,768)
Goodwill impairment— — — (43,209)
Proxy solicitation fees— — — (10,905)
(Loss) gain on debt refinancing
(2,142)— (2,142)3,064 
Foreign currency loss on intercompany loans
(18,831)— (13,481)— 
Charges in connection with Ecommerce Restructuring
(38,145)— (38,145)— 
Asset impairment
(10,000)— (10,000)— 
Strategic review costs(2,994)— (14,291)— 
(Loss) income from continuing operations before income taxes
$(43,880)$26,927 $(4,130)$18,632