XML 86 R22.htm IDEA: XBRL DOCUMENT v2.4.0.8
SEGMENT REPORTING (Tables)
6 Months Ended
Jun. 30, 2013
SEGMENT REPORTING  
Summary of segment information

 

 

 

 

Three Months Ended June 30, 2013

 

 

 

Technology

 

Bankruptcy
and Settlement
Administration

 

Eliminations

 

Total

 

                                                                             

 

(in thousands)

 

Revenues:

 

 

 

 

 

 

 

 

 

Operating revenues

 

$

70,126

 

$

34,850

 

$

 

$

104,976

 

Intersegment revenues

 

78

 

 

(78

)

 

 

 

 

 

 

 

 

 

 

 

Operating revenues including intersegment revenue

 

70,204

 

34,850

 

(78

)

104,976

 

Reimbursable expenses

 

535

 

7,861

 

 

8,396

 

Total revenues

 

70,739

 

42,711

 

(78

)

113,372

 

 

 

 

 

 

 

 

 

 

 

Direct costs, selling, general and administrative costs

 

48,979

 

31,788

 

(78

)

80,689

 

Segment performance measure

 

$

21,760

 

$

10,923

 

$

 

$

32,683

 

 

 

 

 

 

 

Three Months Ended June 30, 2012

 

 

 

Technology

 

Bankruptcy
and Settlement
Administration

 

Eliminations

 

Total

 

                                                                      

 

(in thousands)

 

Revenues:

 

 

 

 

 

 

 

 

 

Operating revenues

 

$

42,711

 

$

47,126

 

$

 

$

89,837

 

Intersegment revenues

 

104

 

 

(104

)

 

 

 

 

 

 

 

 

 

 

 

Operating revenues including intersegment revenue

 

42,815

 

47,126

 

(104

)

89,837

 

Reimbursable expenses

 

266

 

7,792

 

 

8,058

 

Total revenues

 

43,081

 

54,918

 

(104

)

97,895

 

 

 

 

 

 

 

 

 

 

 

Direct costs, selling, general and administrative costs

 

27,059

 

39,441

 

(104

)

66,396

 

Segment performance measure

 

$

16,022

 

$

15,477

 

$

 

$

31,499

 

 

 

 

 

 

Six Months Ended June 30, 2013

 

 

 

Technology

 

Bankruptcy
and Settlement
Administration

 

Eliminations

 

Total

 

                                                                     

 

(in thousands)

 

Revenues:

 

 

 

 

 

 

 

 

 

Operating revenues

 

$

124,913

 

$

82,971

 

$

 

$

207,884

 

Intersegment revenues

 

83

 

 

(83

)

 

 

 

 

 

 

 

 

 

 

 

Operating revenues including intersegment revenue

 

124,996

 

82,971

 

(83

)

207,884

 

Reimbursable expenses

 

822

 

28,256

 

 

29,078

 

Total revenues

 

125,818

 

111,227

 

(83

)

236,962

 

 

 

 

 

 

 

 

 

 

 

Direct costs, selling, general and administrative costs

 

87,666

 

85,705

 

(83

)

173,288

 

Segment performance measure

 

$

38,152

 

$

25,522

 

$

 

$

63,674

 

 

 

 

 

 

Six Months Ended June 30, 2012

 

 

 

Technology

 

Bankruptcy
and Settlement
Administration

 

Eliminations

 

Total

 

                                                                        

 

(in thousands)

 

Revenues:

 

 

 

 

 

 

 

 

 

Operating revenues

 

$

91,559

 

$

81,105

 

$

 

$

172,664

 

Intersegment revenues

 

152

 

 

(152

)

 

 

 

 

 

 

 

 

 

 

 

Operating revenues including intersegment revenue

 

91,711

 

81,105

 

(152

)

172,664

 

Reimbursable expenses

 

722

 

12,981

 

 

13,703

 

Total revenues

 

92,433

 

94,086

 

(152

)

186,367

 

 

 

 

 

 

 

 

 

 

 

Direct costs, selling, general and administrative costs

 

58,818

 

64,390

 

(152

)

123,056

 

Segment performance measure

 

$

33,615

 

$

29,696

 

$

 

$

63,311

 

Schedule of reconciliation of segment performance measure to consolidated income before income taxes

 

 

 

 

Three Months Ended June 30,

 

 

 

2013

 

2012

 

                                                                              

 

(in thousands)

 

Segment performance measure

 

$

32,683

 

$

31,499

 

Unallocated corporate expenses

 

(11,021

)

(9,010

)

Share-based compensation expense

 

(2,825

)

(1,549

)

Depreciation and software and leasehold amortization

 

(7,391

)

(6,523

)

Amortization of intangible assets

 

(4,736

)

(6,752

)

Fair value adjustment to contingent consideration

 

 

5,471

 

Intangible asset impairment expense

 

 

(1,777

)

Other operating (expense) income

 

(49

)

54

 

Income from operations

 

6,661

 

11,413

 

Interest expense, net

 

(1,996

)

(2,712

)

Income before income taxes

 

$

4,665

 

$

8,701

 

 

 

 

 

 

 

 

Six Months Ended June 30,

 

 

 

2013

 

2012

 

                                                                                 

 

(in thousands)

 

Segment performance measure

 

$

63,674

 

$

63,311

 

Unallocated corporate expenses

 

(21,345

)

(20,172

)

Share-based compensation expense

 

(4,364

)

(3,403

)

Depreciation and software and leasehold amortization

 

(14,390

)

(13,251

)

Amortization of intangible assets

 

(9,702

)

(13,521

)

Fair value adjustment to contingent consideration

 

 

5,471

 

Intangible asset impairment expense

 

 

(1,777

)

Other operating (expense) income

 

(96

)

225

 

Income from operations

 

13,777

 

16,883

 

Interest expense, net

 

(3,831

)

(5,432

)

Income before income taxes

 

$

9,946

 

$

11,451

 

Schedule of total assets by segment

 

 

 

 

June 30,
 2013

 

December 31,
2012

 

                                                                 

 

(in thousands)

 

Assets

 

 

 

 

 

Technology

 

$

360,916

 

$

335,051

 

Bankruptcy and Settlement Administration

 

286,682

 

296,811

 

Unallocated corporate

 

43,301

 

22,854

 

Total consolidated assets

 

$

690,899

 

$

654,716