This excerpt taken from the PBI 10-Q filed Aug 8, 2006.
MANAGEMENTS DISCUSSION AND ANALYSIS OF
The following table details the components of discontinued operations for the three months ended June 30, 2006 and 2005:
Net income from discontinued operations decreased by $3.3 million or 23.8% in the second quarter of 2006 compared with the prior year primarily due to the run-off of the portfolio. We realized tax benefits of approximately $20 million from the sale of Capital Services, which will be included in discontinued operations for the third quarter of 2006. See Note 4 in the condensed consolidated financial statements for further discussion and details of the discontinued operations.