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Segment Information (Tables)
 6 Months Ended
Jun. 30, 2025
Segment Reporting [Abstract]  
Schedule of Reconciliation of Revenue from Segments to Consolidated Statements The following tables provide information about our reportable segments and a reconciliation of adjusted segment EBIT to income or loss from continuing operations before taxes.
Revenue
Three Months Ended June 30,Six Months Ended June 30,
2025202420252024
SendTech Solutions$311,716 $339,273 $627,322 $686,094 
Presort Services150,193 146,858 328,007 316,665 
Total segment revenue461,909 486,131 955,329 1,002,759 
Other
— 3,614 — 8,255 
Total revenue$461,909 $489,745 $955,329 $1,011,014 


Three Months Ended June 30,Six Months Ended June 30,
2025202420252024
SendTech Solutions
Revenue$311,716 $339,273 $627,322 $686,094 
Less:
Cost of revenue105,653 120,647 211,683 244,491 
Operating expenses
104,808 122,603 217,357 249,666 
Adjusted segment EBIT$101,255 $96,023 $198,282 $191,937 
Presort Services
Revenue$150,193 $146,858 $328,007 $316,665 
Less:
Cost of revenue
96,153 100,800 200,787 208,127 
Operating expenses
18,100 19,010 36,501 41,161 
Adjusted segment EBIT$35,940 $27,048 $90,719 $67,377 
Schedule of Reconciliation of EBIT From Segments to Consolidated Statements
Adjusted Segment EBIT
Three Months Ended June 30,Six Months Ended June 30,
2025202420252024
SendTech Solutions$101,255 $96,023 $198,282 $191,937 
Presort Services35,940 27,048 90,719 67,377 
Total adjusted segment EBIT137,195 123,071 289,001 259,314 
Reconciliation of adjusted segment EBIT to income or loss from continuing operations before taxes:
 
Other operations
— (4,121)— (4,831)
Interest expense, net(37,499)(44,218)(75,384)(88,127)
Corporate expenses
(34,902)(44,293)(67,019)(86,495)
Restructuring charges
(13,806)(30,399)(15,206)(34,165)
Gain (loss) on debt redemption/refinancing
282 — (24,364)— 
Foreign currency (loss) gain on intercompany loans(17,029)712 (24,624)5,350 
Benefit in connection with Ecommerce Restructuring
6,296 — 6,755 — 
Transaction and Strategic review costs
(1,266)(8,606)(3,156)(11,296)
Income (loss) from continuing operations before taxes
$39,271 $(7,854)$86,003 $39,750