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PITNEY BOWES INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
(Tabular dollars in thousands, except per share data)
49
The changes in the carrying amount of goodwill, by reporting segment, for the years ended December 31, 2011 and 2010 are as
follows:
Balance at
December 31,
2010 (1) Impairment Other (2)
Balance at
December 31,
2011
North America Mailing $ 357,918 $ - $ (5,021) $ 352,897
International Mailing 181,530 - (5,245) 176,285
Small & Medium Business Solutions 539,448 - (10,266) 529,182
Production Mail 141,476 - (1,105) 140,371
Software 678,101 - (10,977) 667,124
Management Services 494,433 (84,500) (7,210) 402,723
Mail Services 259,102 (45,650) 3 213,455
Marketing Services 194,233 - - 194,233
Enterprise Business Solutions 1,767,345 (130,150) (19,289) 1,617,906
Total $ 2,306,793 $ (130,150) $ (29,555) $ 2,147,088
Balance at
December 31,
2009 (1)
Acquired
during the
period Other (2)
Balance at
December 31,
2010
North America Mailing $ 366,683 $ - $ (8,765) $ 357,918
International Mailing 188,180 - (6,650) 181,530
Small & Medium Business Solutions 554,863 - (15,415) 539,448
Production Mail 143,619 - (2,143) 141,476
Software 633,938 47,354 (3,191) 678,101
Management Services 500,055 - (5,622) 494,433
Mail Services 259,632 - (530) 259,102
Marketing Services 194,797 - (564) 194,233
Enterprise Business Solutions 1,732,041 47,354 (12,050) 1,767,345
Total $ 2,286,904 $ 47,354 $ (27,465) $ 2,306,793
(1) Prior year amounts have been reclassified to conform to the current year presentation.
(2) Other includes foreign currency translation and purchase price allocation adjustments.
7. Accounts Payable and Accrued Liabilities
Accounts payable and accrued liabilities are composed of the following:
December 31,
2011 2010
Accounts payable - trade $ 334,036 $ 333,220
Reserve account deposits 602,974 567,620
Accrued salaries, wages and commissions 239,282 246,237
Accrued restructuring charges 119,111 113,200
Miscellaneous accounts payable and accrued liabilities 545,062 568,478
Accounts payable and accrued liabilities $ 1,840,465 $ 1,828,755
Reserve account deposits represent customers’ prepayment of postage held by our subsidiary, The Pitney Bowes Bank. See Note 17
for further details.