Discontinued Operations

9 Months Ended

Sep. 30, 2014

Discontinued Operations And Disposal Groups [Abstract]

Discontinued Operations

12. Discontinued Operations

In October 2013, the Company sold 100% of the outstanding shares of Greenline Financial Technologies, Inc. (“Greenline”), a wholly-owned subsidiary of the Company, to CameronTec Intressenter AB. The aggregate purchase price was $11.0 million in cash, including a post-closing working capital adjustment. The Company recognized a gain on the disposition of $7.6 million, net of a tax benefit.

Greenline’s operating results for the three and nine months ended September 30, 2013 have been classified as discontinued operations in the Consolidated Statement of Operations. The following is a summary of Greenline’s operating results for the three and nine months ended September 30, 2013:

	Three Months Ended			Nine Months Ended
	September 30, 2013			September 30, 2013
	(In thousands)
Revenues	$	2,009		$	5,967
Expenses		2,071			6,296
(Loss) before income taxes		(62	)		(329	)
Benefit for income taxes		(16	)		(119	)
Net (loss) from discontinued operations	$	(46	)	$	(210	)