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PITNEY BOWES INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
(Tabular dollars in thousands, except per share amounts)
58
Goodwill
The changes in the carrying amount of goodwill, by reporting segment, for the years ended December 31, 2014 and 2013 are shown in
the tables below. Prior year amounts have been recast for the change in reportable segments and discontinued operations.
Gross value
before
accumulated
impairment
Accumulated
impairment
December 31,
2013 Impairment Other (1) December 31,
2014
North America Mailing $ 326,664 $ — $ 326,664 $ — $ (17,216) $ 309,448
International Mailing 182,261 — 182,261 — (20,115) 162,146
Small & Medium Business Solutions 508,925 — 508,925 — (37,331) 471,594
Production Mail 118,060 — 118,060 — (7,223) 110,837
Presort Services 195,140 — 195,140 — — 195,140
Enterprise Business Solutions 313,200 — 313,200 — (7,223) 305,977
Digital Commerce Solutions 903,393 — 903,393 — (8,243) 895,150
Total reportable segments 1,725,518 — 1,725,518 — (52,797) 1,672,721
Discontinued operations 9,353 — 9,353 — (9,353)—
Total goodwill $ 1,734,871 $ — $ 1,734,871 $ — $ (62,150) $ 1,672,721
Gross value
before
accumulated
impairment
Accumulated
impairment
December 31,
2012 Impairment Other (1) December 31,
2013
North America Mailing $ 322,610 $ — $ 322,610 $ — $ 4,054 $ 326,664
International Mailing 182,746 — 182,746 — (485) 182,261
Small & Medium Business Solutions 505,356 — 505,356 — 3,569 508,925
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 900,347 — 900,347 — 3,046 903,393
Total reportable segments 1,721,724 — 1,721,724 — 3,794 1,725,518
Discontinued operations 562,879 (148,465) 414,414 (101,415)(303,646) 9,353
Total goodwill $ 2,284,603 $ (148,465) $ 2,136,138 $ (101,415)$
(299,852) $ 1,734,871
(1) Primarily represents foreign currency translation adjustments. For discontinued operations, the adjustment primarily represents the write-off of remaining goodwill
upon sale.