Assets and Liabilities Held for Sale

3 Months Ended

Mar. 31, 2017

Discontinued Operations and Disposal Groups [Abstract]

Assets and Liabilities Held for Sale

Assets and Liabilities Held for Sale

In March 2017, we executed an agreement to dispose of our Habits at Work business, the results of which are recorded in our Personal Information Services segment. The disposition will be effective June 1, 2017. Habits at Work met all the criteria under U.S. GAAP to classify its assets and liabilities as held for sale in our condensed consolidated balance sheets as of March 31, 2017. The disposal does not represent a strategic shift that will have a major effect on operations and financial results, and therefore, it is not expected to qualify as a discontinued operation.

In late 2016, our Board of Directors approved a plan to sell Captira, which comprises our Bail Bonds Industry Solutions segment. Captira met all the criteria under U.S. GAAP to classify its assets and liabilities as held for sale in our consolidated balance sheets as of December 31, 2016. Effective January 31, 2017, we completed the sale of Captira for a nominal amount, which marks the conclusion of our operations in the Bail Bonds Industry Solutions segment. The disposal does not represent a strategic shift that will have a major effect on operations and financial results, and therefore, it is does not qualify as a discontinued operation. For information on the operating results of the Bail Bonds Industry Solutions segment, please see "Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations."

The major classes of assets and liabilities held for sale related to Habits at Work and Captira in the condensed consolidated balance sheets consisted of the following:

	March 31, 2017			December 31, 2016
Assets of disposal group held for sale:
Cash and cash equivalents	$	—		$	321
Accounts receivable, net	—			177
Prepaid expenses and other current assets	10			97
Property and equipment, net	67			247
Other assets	9			6
Write-down to fair value	(86		)	(744		)
Total assets of disposal group held for sale	$	—		$	104
Liabilities of disposal group held for sale:
Accounts payable	$	—		$	9
Accrued expenses and other current liabilities	—			15
Accrued payroll and employee benefits	—			80
Total liabilities of disposal group held for sale	$	—		$	104

As part of the required evaluation under U.S. GAAP, we determined that the approximate fair value less costs to sell the businesses were significantly lower than the carrying value of the net assets. As a result, we recorded an impairment charge of $86 thousand related to Habits at Work for the three months ended March 31, 2017, which is included in impairment of intangibles and other assets in our condensed consolidated statements of operations.