Discontinued Operations

9 Months Ended

Sep. 30, 2017

Discontinued Operations and Disposal Groups [Abstract]

Discontinued Operations

Discontinued Operations

In September 2014, we completed the sale of our collateral solutions and field services businesses, which were included in the former reporting segment Asset Management and Processing Solutions ("AMPS"). In September 2012, we completed the wind down of our consumer services business and our appraisal management company business, which were included in our PI and Risk Management and Work Flow ("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").

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, in September 2016, a jury returned an unfavorable verdict against a discontinued operating unit that, if upheld on appeal, could result in 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. 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 condensed consolidated financial statements as discontinued operations. For the nine months ended September 30, 2017, we recorded a gain of $4.5 million related to a pre-tax legal settlement in AMPS within our discontinued operations. Summarized below are certain assets and liabilities classified as discontinued operations as of September 30, 2017 and December 31, 2016:

(in thousands)
As of September 30, 2017	PI		RMW			ELI		AMPS		Total
Deferred income tax asset and other current assets	$	325	$	(231	)	$	82	$	568	$	744
Accounts payable, accrued expenses and other current liabilities	$	12	$	154		$	190	$	1,658	$	2,014
As of December 31, 2016
Deferred income tax asset and other current assets	$	325	$	(231	)	$	—	$	568	$	662
Accounts payable, accrued expenses and other current liabilities	$	202	$	167		$	624	$	2,130	$	3,123

Summarized below are the components of our gain/(loss) from discontinued operations for the three and nine months ended September 30, 2017 and 2016:

(in thousands)
For the Three Months Ended September 30, 2017	PI			RMW			ELI			AMPS			Total
Operating revenue	$	—		$	—		$	—		$	—		$	—
Gain/(loss) from discontinued operations before income taxes	67			7			(193		)	(1		)	(120		)
Income tax expense/(benefit)	26			3			(74		)	(1		)	(46		)
Gain/(loss) from discontinued operations, net of tax	$	41		$	4		$	(119	)	$	—		$	(74	)
For the Three Months Ended September 30, 2016
Operating revenue	$	—		$	—		$	—		$	—		$	—
Loss from discontinued operations before income taxes	(36		)	(4		)	(948		)	(529		)	(1,517		)
Income tax benefit	(14		)	(1		)	(363		)	(203		)	(581		)
Loss from discontinued operations, net of tax	$	(22	)	$	(3	)	$	(585	)	$	(326	)	$	(936	)