Discontinued Operations

3 Months Ended

Mar. 31, 2012

Discontinued Operations and Disposal Groups [Abstract]

Discontinued Operations [Text Block]

Discontinued Operations

As of September 30, 2011, we closed our marketing services business (LeadClick) and concluded we would actively pursue the sale of our consumer services (Consumer Credit Monitoring Services), transportation services (comprised of our American Driving Records and CompuNet Credit Services business units) and our wholly-owned appraisal management company businesses. As a result, each of these businesses is reflected in our consolidated financial statements as discontinued operations and the results of these businesses in the prior years have been recast to conform to the 2012 presentation.

On December 22, 2010, we entered into a purchase agreement with an affiliate of Symphony Technology Group, pursuant to which we sold our employer and litigation services businesses. For the three months ended March 31, 2012, we recognized a loss on sale of discontinued operations, net of tax of $3.5 million for changes in tax related accruals due to expenses incurred in the first quarter of 2012.

As of March 31, 2012, we determined to wind down our wholly-owned appraisal management company business in lieu of a sale which resulted in a pre-tax write-down of the remaining goodwill of $13.9 million in the first quarter of 2012.

Summarized below are certain assets and liabilities classified as discontinued operation as of March 31, 2012 and December 31, 2011:

(in thousands)	Data Analytics					Mortgage Origination		Default
As of March 31, 2012	Marketing			Consumer		Appraisal		Transportation		Total
Current assets	$	838		$	21,263	$	801	$	11,022	$	33,924
Property and equipment, net	—			103		539		1,809		2,451
Goodwill and other identifiable intangible assets, net	—			2,100		17		3,753		5,870
Other assets	—			—		—		104		104
Total assets	$	838		$	23,466	$	1,357	$	16,688	$	42,349
Total liabilities	$	1,598		$	10,620	$	4,741	$	7,178	$	24,137
As of December 31, 2011
Current assets	$	3,380		$	14,833	$	1,038	$	13,252	$	32,503
Property and equipment, net	—			114		911		1,967		2,992
Goodwill and other identifiable intangible assets, net	—			2,109		13,959		3,845		19,913
Other assets	—			—		—		108		108
Total assets	$	3,380		$	17,056	$	15,908	$	19,172	$	55,516
Total liabilities	$	(2,210	)	$	11,849	$	10,907	$	6,853	$	27,399

Summarized below are the components of our income/(loss) from discontinued operations for the three months ended March 31, 2012 and 2011:

(in thousands)	Data and Analytics					Mortgage Origination			Default
For the three months ended March 31, 2012	Marketing			Consumer		Appraisal			Transportation			Total
Operating revenue	$	—		$	22,836	$	9,986		$	18,006		$	50,828
Income/(loss) from discontinued operations before income taxes	122			1,729		(14,199		)	(29		)	(12,377		)
Income tax expense/(benefit)	47			672		(4,118		)	(11		)	(3,410		)
Income/(loss) from discontinued operations, net of tax	$	75		$	1,057	$	(10,081	)	$	(18	)	$	(8,967	)
For the three months ended March 31, 2011
Operating revenue	$	18,033		$	25,880	$	25,839		$	17,960		$	87,712
(Loss)/income from discontinued operations before income taxes	(62		)	4,025		(1,866		)	654			2,751
Income tax (benefit)/expense	(25		)	1,610		(747		)	262			1,100
(Loss)/income from discontinued operations, net of tax	$	(37	)	$	2,415	$	(1,119	)	$	392		$	1,651