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PITNEY BOWES INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
(Tabular dollars in thousands, except per share amounts)
55
Goodwill
The changes in the carrying amount of goodwill, by reporting segment, for the years ended December 31, 2013 and 2012 are shown in
the tables below. Prior year amounts have been recast for the change in reporting segments.
Gross value
before
accumulated
impairment
Accumulated
impairment
December 31,
2012 Impairment Other (1) December 31,
2013
North America Mailing $ 355,874 $ — $ 355,874 $ — $ 4,054 $ 359,928
International Mailing 182,746 — 182,746 — (485) 182,261
Small & Medium Business Solutions 538,620 — 538,620 — 3,569 542,189
Production Mail 120,881 — 120,881 — (2,821) 118,060
Presort Services 195,140 — 195,140 — — 195,140
Enterprise Business Solutions 316,021 — 316,021 — (2,821) 313,200
Digital Commerce Solutions 876,436 — 876,436 — 3,046 879,482
Total reportable segments 1,731,077 — 1,731,077 — 3,794 1,734,871
Discontinued operations 553,526 (148,465) 405,061 (101,415)(303,646)—
Total goodwill $ 2,284,603 $ (148,465) $ 2,136,138 $ (101,415)$
(299,852) $ 1,734,871
Gross value
before
accumulated
impairment
Accumulated
impairment
December 31,
2011 Impairment Other (1) December 31,
2012
North America Mailing $ 352,897 $ — $ 352,897 $ — $ 2,977 $ 355,874
International Mailing 187,904 — 187,904 — (5,158) 182,746
Small & Medium Business Solutions 540,801 — 540,801 — (2,181) 538,620
Production Mail 117,351 — 117,351 — 3,530 120,881
Presort Services 195,140 — 195,140 — — 195,140
Enterprise Business Solutions 312,491 — 312,491 — 3,530 316,021
Digital Commerce Solutions 871,596 — 871,596 — 4,840 876,436
Total reportable segments 1,724,888 — 1,724,888 — 6,189 1,731,077
Discontinued operations 552,350 (130,150) 422,200 (18,315) 1,176 405,061
Total goodwill $ 2,277,238 $ (130,150) $ 2,147,088 $ (18,315) $ 7,365 $ 2,136,138
(1) Primarily represents foreign currency translation adjustments for the period. For discontinued operations in 2013, the adjustment primarily represents the write-off
of remaining goodwill upon the sale of the Management Services business.