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PITNEY BOWES INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
(Tabular dollars in thousands, except per share amounts)
62
Goodwill
The changes in the carrying amount of goodwill, by reporting segment, for the years ended December 31, 2015 and 2014 are shown in
the tables below. Prior year amounts have been recast for the change in reportable segments.
Gross value
before
accumulated
impairment
Accumulated
impairment
December 31,
2014 Acquisition Other (1) December 31,
2015
North America Mailing $ 309,448 $ — $ 309,448 $ — $ (13,395) $ 296,053
International Mailing 162,146 — 162,146 — (13,795) 148,351
Small & Medium Business Solutions 471,594 — 471,594 — (27,190) 444,404
Production Mail 110,837 — 110,837 — (5,080) 105,757
Presort Services 195,140 — 195,140 1,750 — 196,890
Enterprise Business Solutions 305,977 — 305,977 1,750 (5,080) 302,647
Software Solutions 677,008 — 677,008 5,792 (7,824) 674,976
Global Ecommerce 23,910 — 23,910 300,020 — 323,930
Digital Commerce Solutions 700,918 — 700,918 305,812 (7,824) 998,906
Other 194,232 — 194,232 —(194,232)—
Total goodwill $ 1,672,721 $ — $ 1,672,721 $ 307,562 $ (234,326) $ 1,745,957
Gross value
before
accumulated
impairment
Accumulated
impairment
December 31,
2013 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
Software Solutions 685,251 — 685,251 (8,243) 677,008
Global Ecommerce 23,910 — 23,910 23,910
Digital Commerce Solutions 709,161 — 709,161 (8,243) 700,918
Other 194,232 — 194,232 — 194,232
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
(1) Primarily represents foreign currency translation adjustments. For 2015, Other represents the write-off of remaining goodwill upon the sale of Imagitas. For 2014,
the adjustment in discontinued operations primarily represents the write-off of remaining goodwill upon sale.