XML 36 R23.htm IDEA: XBRL DOCUMENT v3.3.1.900
Subsequent Events Subsequent Events
3 Months Ended
Mar. 31, 2016
Subsequent Events [Abstract]  
Subsequent Events [Text Block]
Subsequent Events

In April 2016, we completed the acquisition of FNC, Inc. ("FNC"), for up to $475.0 million, with $400.0 million in cash paid at closing, subject to certain closing adjustments, and up to $75.0 million to be paid in 2018 contingent upon the achievement of certain revenue targets in fiscal 2017. We funded the transaction primarily by drawing $390.0 million on our existing revolving credit facility and also used cash on hand. FNC is a leading provider of real estate collateral information technology and solutions that automates property appraisal ordering, tracking, documentation and review for lender compliance with government regulations and will be reported within our PI reporting segment.