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Segment Information (Tables)
6 Months Ended
Jun. 30, 2020
Segment Reporting [Abstract]  
Schedule of Summarized Segment Financial Information Summarized financial information concerning our segments is shown in the tables below (in millions):
 
Three months ended June 30, 2020
 
Software Solutions
 
Data and Analytics
 
Corporate and Other
 
Total
Revenues
$
245.1

 
$
48.2

 
$
(0.2
)
(1)
$
293.1

Expenses:
 
 
 
 
 
 
 
Operating expenses
98.9

 
32.1

 
24.5

(2)
155.5

Transition and integration costs
 
 
 
 
2.5

(3)
2.5

EBITDA
146.2

 
16.1

 
(27.2
)
 
135.1

Depreciation and amortization
30.2

 
3.8

 
24.6

(4)
58.6

Operating income (loss)
116.0

 
12.3

 
(51.8
)
 
76.5

Interest expense, net
 
 
 
 
 
 
(13.0
)
Other income, net
 
 
 
 
 
 
18.8

Earnings before income taxes and equity in losses of unconsolidated affiliates
 
 
 
 
 
 
82.3

Income tax expense
 
 
 
 
 
 
17.2

Earnings before equity in losses of unconsolidated affiliates
 
 
 
 
 
 
65.1

Equity in losses of unconsolidated affiliates, net of tax
 
 
 
 
 
 
(26.0
)
Net earnings
 
 
 
 
 
 
$
39.1


 
Three months ended June 30, 2019
 
Software Solutions
 
Data and Analytics
 
Corporate and Other
 
Total
Revenues
$
255.4

 
$
39.7

 
$
(0.2
)
(1)
$
294.9

Expenses:
 
 
 
 
 
 
 
Operating expenses
101.5

 
30.3

 
27.6

(2)
159.4

Transition and integration costs

 

 
1.0

(3)
1.0

EBITDA
153.9

 
9.4

 
(28.8
)
 
134.5

Depreciation and amortization
30.1

 
3.9

 
23.5

(4)
57.5

Operating income (loss)
123.8

 
5.5

 
(52.3
)
 
77.0

Interest expense, net
 
 
 
 
 
 
(16.7
)
Other expense, net
 
 
 
 
 
 
(0.5
)
Earnings before income taxes and equity in losses of unconsolidated affiliates
 
 
 
 
 
 
59.8

Income tax expense
 
 
 
 
 
 
14.5

Earnings before equity in losses of unconsolidated affiliates
 
 
 
 
 
 
45.3

Equity in losses of unconsolidated affiliates, net of tax
 
 
 
 
 
 
(12.7
)
Net earnings
 
 
 
 
 
 
$
32.6



 
Six months ended June 30, 2020
 
Software Solutions
 
Data and Analytics
 
Corporate and Other
 
Total
Revenues
$
489.8

 
$
94.3

 
$
(0.3
)
(1)
$
583.8

Expenses:
 
 
 
 
 
 
 
Operating expenses
204.2

 
63.6

 
50.1

(2)
317.9

Transition and integration costs

 

 
4.9

(5)
4.9

EBITDA
285.6

 
30.7

 
(55.3
)
 
261.0

Depreciation and amortization
60.5

 
7.8

 
48.0

(4)
116.3

Operating income (loss)
225.1

 
22.9

 
(103.3
)
 
144.7

Interest expense, net
 
 
 
 
 
 
(27.7
)
Other income, net
 
 
 
 
 
 
18.0

Earnings before income taxes and equity in losses of unconsolidated affiliates
 
 
 
 
 
 
135.0

Income tax expense
 
 
 
 
 
 
25.4

Earnings before equity in losses of unconsolidated affiliates
 
 
 
 
 
 
109.6

Equity in losses of unconsolidated affiliates, net of tax
 
 
 
 
 
 
(20.4
)
Net earnings
 
 
 
 
 
 
$
89.2


 
Six months ended June 30, 2019
 
Software Solutions
 
Data and Analytics
 
Corporate and Other
 
Total
Revenues
$
498.9

 
$
79.4

 
$
(0.3
)
(1)
$
578.0

Expenses:
 
 
 
 
 
 
 
Operating expenses
204.3

 
60.1

 
55.0

(2)
319.4

Transition and integration costs

 

 
1.9

(3)
1.9

EBITDA
294.6

 
19.3

 
(57.2
)
 
256.7

Depreciation and amortization
60.0

 
7.7

 
46.7

(4)
114.4

Operating income (loss)
234.6

 
11.6

 
(103.9
)
 
142.3

Interest expense, net
 
 
 
 
 
 
(31.7
)
Other expense, net
 
 
 
 
 
 
(0.8
)
Earnings before income taxes and equity in losses of unconsolidated affiliates
 
 
 
 
 
 
109.8

Income tax expense
 
 
 
 
 
 
25.2

Earnings before equity in losses of unconsolidated affiliates
 
 
 
 
 
 
84.6

Equity in losses of unconsolidated affiliates, net of tax
 
 
 
 
 
 
(26.0
)
Net earnings
 
 
 
 
 
 
$
58.6

_______________________________________________________
(1)
Revenues for Corporate and Other represent deferred revenue purchase accounting adjustments recorded in accordance with GAAP.
(2)
Operating expenses for Corporate and Other includes equity-based compensation, including certain related payroll taxes, of $9.5 million and $12.2 million for the three months ended June 30, 2020 and 2019, respectively, and $21.2 million and $26.1 million for the six months ended June 30, 2020 and 2019, respectively.
(3) Transition and integration costs primarily consisted of costs associated with acquisitions.
(4)
Depreciation and amortization for Corporate and Other primarily represents net incremental depreciation and amortization adjustments associated with the application of purchase accounting recorded in accordance with GAAP.
(5)
Transition and integration costs primarily consisted of costs associated with acquisitions and expense reduction initiatives.