Discontinued Operations

9 Months Ended

Sep. 30, 2013

Discontinued Operations and Disposal Groups [Abstract]

Discontinued Operations

Discontinued Operations

For the three and nine months ended September 30, 2013, we recorded a $5.1 million loss in the sale of discontinued operations, net related primarily with an estimated settlement of tax contingencies.

In September 2012, we completed the wind down of our 100% owned consumer services business. As of August 31, 2012, we completed the disposition of American Driving Records within our transportation services business. In the first quarter of 2012, we recorded a pre-tax write-down of the remaining goodwill of $13.9 million in our 100% owned appraisal management company based on valuation indicators from the disposal process. For the nine months ended September 30, 2012, we recorded a gain of $9.3 million on sale of discontinued operations, net.

Summarized below are certain assets and liabilities classified as discontinued operations as of September 30, 2013 and December 31, 2012:

(in thousands)	Data and Analytics				Mortgage Origination Services		Asset Management and Processing
As of September 30, 2013	Marketing		Consumer		Appraisal		Transportation			Total
Total assets	$	204	$	251	$	336	$	—		$	791
Total liabilities	$	1,170	$	88	$	2,927	$	(37	)	$	4,148
As of December 31, 2012
Total assets	$	204	$	251	$	337	$	2		$	794
Total liabilities	$	776	$	691	$	1,920	$	(35	)	$	3,352

Summarized below are the components of our income/(loss) from discontinued operations for the three and nine months ended September 30, 2013 and 2012:

(in thousands)	Data and Analytics						Mortgage Origination Services			Asset Management and Processing
For the three months ended September 30, 2013	Marketing			Consumer			Appraisal			Transportation			Total
Operating revenue	$	—		$	—		$	—		$	—		$	—
Loss from discontinued operations before income taxes	(812		)	—			(1,195		)	—			(2,007		)
Income tax benefit	(311		)	—			(456		)	—			(767		)
Loss from discontinued operations, net of tax	$	(501	)	$	—		$	(739	)	$	—		$	(1,240	)
For the three months ended September 30, 2012
Operating revenue	$	—		$	8,410		$	6,938		$	11,643		$	26,991
Income/(loss) from discontinued operations before income taxes	(66		)	(348		)	(7,121		)	24			(7,511		)
Income tax expense/(benefit)	3,972			(122		)	(1,199		)	(5		)	2,646
Income/(loss) from discontinued operations, net of tax	$	(4,038	)	$	(226	)	$	(5,922	)	$	29		$	(10,157	)

	Data and Analytics					Mortgage Origination Services			Asset Management and Processing
For the nine months ended September 30, 2013	Marketing			Consumer		Appraisal			Transportation			Total
Operating revenue	$	—		$	—	$	—		$	—		$	—
(Loss)/income from discontinued operations before income taxes	(1,429		)	196		(3,957		)	—			(5,190		)
Income tax (benefit)/expense	(547		)	75		(1,513		)	—			(1,985		)
(Loss)/income from discontinued operations, net of tax	$	(882	)	$	121	$	(2,444	)	$	—		$	(3,205	)
For the nine months ended September 30, 2012
Operating revenue	$	—		$	55,773	$	25,137		$	46,435		$	127,345
Income/(loss) from discontinued operations before income taxes	111			5,177		(23,675		)	(1,707		)	(20,094		)
Income tax expense/(benefit)	4,041			2,030		(6,243		)	(1,780		)	(1,952		)
Income/(loss) from discontinued operations, net of tax	$	(3,930	)	$	3,147	$	(17,432	)	$	73		$	(18,142	)