Divestiture (Tables)

6 Months Ended

Jun. 30, 2013

Discontinued Operations And Disposal Groups [Abstract]

Schedule of Components of Pre-tax Gain on Divestiture

The following table summarizes the components of the pre-tax gain on divestiture (in thousands):


Cash proceeds from sale	$	750,000
Working capital adjustments		5,111
Accrued commission and other service receivables, net		(6,844	)
Fixed assets, net		(13,474	)
Accounts payable, accrued and other liabilities		1,733
Transaction and other costs		(10,436	)
Deferred revenue associated with transition services agreement		(2,943	)

Pre-tax gain on divestiture	$	723,147

- Definition

Tabular disclosure of disposal groups, which may include the gain (loss) recognized in the income statement and the income statement caption that includes that gain (loss), amounts of revenues and pretax profit or loss reported in discontinued operations, the classification and carrying value of the assets and liabilities comprising the disposal group, and the segment in which the disposal group was reported. Also may include the amount of adjustments to amounts previously reported in discontinued operations such as resolution of contingencies arising from the disposal transaction or the operations of the component prior to disposal.

+ References+ Details