Discontinued Operations

12 Months Ended

Dec. 31, 2016

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. In December 2010, we completed the sale of our Employer and Litigation Services businesses ("ELI").

For the year ended December 31, 2016, we recorded a $1.9 million loss on the sale of discontinued operations, net of tax, primarily due to transaction payments under an amendment to the sale agreement of collateral solutions and field services businesses. 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.

In connection with previous divestitures, we retain the prospect of contingent liabilities for indemnification obligations or breaches of representations or warranties. With respect to one such divestiture, an unfavorable jury verdict against a discontinued operating unit has recently been reduced to judgment that, if upheld on appeal, could result in the reasonable possibility of indemnification exposure up to $25.0 million, including interest. We do not consider this outcome to be probable and intend to vigorously assert our contractual and other rights, including to pursue an appeal to eliminate or substantially reduce any potential post-divestiture contingency. The judgment is currently on appeal. Any actual liability that comes to fruition would be reflected in our results from discontinued operations.

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 2016 presentation.

Summarized below are certain assets and liabilities classified as discontinued operations as of December 31, 2016 and 2015:

(in thousands)
As of December 31, 2016	PI		RMW			ELI		AMPS		Total
Deferred income tax asset, current	$	325	$	(231	)	$	—	$	568	$	662
Accounts payable, accrued expenses and other liabilities	$	202	$	167		$	624	$	2,130	$	3,123
As of December 31, 2015
Deferred income tax and other current assets	$	326	$	(217	)	$	—	$	572	$	681
Accounts payable, accrued expenses and other liabilities	$	250	$	319		$	—	$	1,958	$	2,527

Summarized below are the components of our loss from discontinued operations, net of tax for the years ended December 31, 2016, 2015 and 2014:

(in thousands)
For the Year Ended December 31, 2016	PI			RMW			ELI			AMPS			Total
Operating revenue	$	—		$	—		$	—		$	—		$	—
(Loss)/income from discontinued operations before income taxes	(37		)	142			(1,600		)	(890		)	(2,385		)
(Benefit)/Provision for income taxes	(14		)	50			(612		)	(343		)	(919		)
(Loss)/income from discontinued operations, net of tax	$	(23	)	$	92		$	(988	)	$	(547	)	$	(1,466	)
For the Year Ended December 31, 2015
Operating revenue	$	—		$	—		$	—		$	—		$	—
Loss from discontinued operations before income taxes	(650		)	(20		)	—			(230		)	(900		)
Benefit for income taxes	(204		)	(52		)	—			(88		)	(344		)
(Loss)/income 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, net of tax	(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	)