Discontinued Operations

12 Months Ended

Dec. 31, 2015

Discontinued Operations and Disposal Groups [Abstract]

Discontinued Operations

Discontinued Operations

On September 30, 2014, we completed the sale of our collateral solutions and field services businesses, which were previously included in the former reporting segment Asset Management and Processing Solutions ("AMPS"), for total consideration of $29.1 million, subject to working capital adjustments. In September 2012, we completed the wind down of our consumer services business and our then-owned appraisal management company business which were included in our PI and RMW segments, respectively. In September 2011, we closed our marketing services business which was included in our PI segment.

For the year ended December 31, 2014, we recorded a $0.1 million gain on the sale of discontinued operations, net of tax, primarily related to $1.5 million of earn-out payments, net of tax, from previously disposed discontinued operations, partially offset by an after-tax loss of $1.4 million related to the sale of our collateral solutions and field services businesses. For the year ended December 31, 2013, we recorded a $7.0 million loss on the sale of discontinued operations, net of tax primarily related to estimated liabilities associated with audits of previously disposed subsidiaries.

Each of these businesses is reflected in our accompanying consolidated financial statements as discontinued operations and the results of these businesses in the prior years have been recast to conform to the 2015 presentation.

Summarized below are certain assets and liabilities classified as discontinued operations as of December 31, 2015 and 2014:

(in thousands)
As of December 31, 2015	PI		RMW			AMPS		Total
Deferred income tax asset and other current assets	$	326	$	(217	)	$	572	$	681
Accounts payable, accrued expenses and other liabilities	$	250	$	319		$	1,958	$	2,527
As of December 31, 2014
Deferred income tax and other current assets	$	326	$	3,808		$	133	$	4,118
Accounts payable, accrued expenses and other liabilities	$	282	$	10,941		$	2,481	$	13,704

Summarized below are the components of our (loss)/income from discontinued operations, net of tax for the years ended December 31, 2015, 2014 and 2013:

(in thousands)
For the Year Ended December 31, 2015	PI			RMW			AMPS			Total
Operating revenue	$	—		$	—		$	—		$	—
Loss from discontinued operations before income taxes	(650		)	(20		)	(230		)	(900		)
Benefit for income taxes	(204		)	(52		)	(88		)	(344		)
Loss from discontinued operations, net of tax	$	(446	)	$	32		$	(142	)	$	(556	)
For the Year Ended December 31, 2014
Operating revenue	$	—		$	—		$	94,039		$	94,039
(Loss)/income from discontinued operations before income taxes	(717		)	(30,739		)	7,188			(24,268		)
(Benefit)/provision for income taxes	(350		)	(11,785		)	4,520			(7,615		)
(Loss)/income from discontinued operations, net of tax	$	(367	)	$	(18,954	)	$	2,668		$	(16,653	)
For the Year Ended December 31, 2013
Operating revenue	$	—		$	—		$	193,117		$	193,117
(Loss)/income from discontinued operations before income taxes	(1,933		)	(6,194		)	32,928			24,801
(Benefit)/provision for income taxes	(739		)	(2,369		)	13,486			10,378
(Loss)/income from discontinued operations, net of tax	$	(1,194	)	$	(3,825	)	$	19,442		$	14,423