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Segment Information
 3 Months Ended
Mar. 31, 2013
Segment Reporting [Abstract]  
Segment Information
Segment Information
 
The Company’s operating business units offer sophisticated information processing and software services and products.  These business units are reported as two operating segments (Financial Services and Customer Communications).  In addition, investments in the Company’s real estate subsidiaries and affiliates, equity securities, private equity investments and certain financial interests have been aggregated into an Investments and Other Segment.
 
Information concerning total assets by reporting segment is as follows (in millions):
 
 
March 31,
2013
 
December 31,
2012
Financial Services
$
1,927.0

 
$
1,971.1

Customer Communications
378.9

 
385.5

Investments and Other
1,177.0

 
1,102.3

Elimination Adjustments
(65.6
)
 
(66.4
)
 
$
3,417.3

 
$
3,392.5


 
The Company evaluates the performance of its Segments based on income before income taxes and interest expense.  Intersegment revenues are reflected at rates prescribed by the Company and may not be reflective of market rates.

Summarized financial information concerning the Company’s Segments is shown in the following tables (in millions):
 
 
Three Months Ended March 31, 2013
 
Financial
Services
 
Customer Communications
 
Investments /
Other
 
Elimination
Adjustments
 
Consolidated
Total
Operating revenues
$
318.1

 
$
173.2

 
$
3.9

 
$
 
$
495.2

Intersegment operating revenues
2.2

 
2.0

 
10.3

 
(14.5
)
 


Out-of-pocket reimbursements
13.3

 
175.9

 


 
(2.0
)
 
187.2

Total revenues
333.6

 
351.1

 
14.2

 
(16.5
)
 
682.4

 
 
 
 
 
 
 
 
 
 
Costs and expenses
258.6

 
321.1

 
8.8

 
(13.9
)
 
574.6

Depreciation and amortization
20.5

 
10.8

 
2.5

 
(0.6
)
 
33.2

 
 
 
 
 
 
 
 
 
 
Income (loss) from operations
54.5

 
19.2

 
2.9

 
(2.0
)
 
74.6

Other income (loss), net
(4.4
)
 
(0.8
)
 
78.4

 


 
73.2

Equity in earnings of unconsolidated affiliates
3.6

 
0.1

 
1.9

 


 
5.6

 
 
 
 
 
 
 
 
 
 
Earnings (loss) before interest and income taxes
$
53.7

 
$
18.5

 
$
83.2

 
$
(2.0
)
 
$
153.4

 
 
Three Months Ended March 31, 2012
 
Financial
Services
 
Customer Communications
 
Investments /
Other
 
Elimination
Adjustments
 
Consolidated
Total
Operating revenues
$
309.1

 
$
163.4

 
$
3.4

 
$
 
$
475.9

Intersegment operating revenues
2.0

 
2.0

 
11.0

 
(15.0
)
 


Out-of-pocket reimbursements
14.5

 
164.7

 
0.1

 
(2.0
)
 
177.3

Total revenues
325.6

 
330.1

 
14.5

 
(17.0
)
 
653.2

 
 
 
 
 
 
 
 
 
 
Costs and expenses
252.5

 
311.9

 
9.0

 
(14.3
)
 
559.1

Depreciation and amortization
21.0

 
11.0

 
2.7

 
(0.7
)
 
34.0

 
 
 
 
 
 
 
 
 
 
Income (loss) from operations
52.1

 
7.2

 
2.8

 
(2.0
)
 
60.1

Other income, net
5.0

 


 
24.7

 


 
29.7

Equity in earnings of unconsolidated affiliates
4.5

 
0.2

 
0.6

 


 
5.3

 
 
 
 
 
 
 
 
 
 
Earnings (loss) before interest and income taxes
$
61.6

 
$
7.4

 
$
28.1

 
$
(2.0
)
 
$
95.1


 
Earnings before interest and income taxes in the segment reporting information above less interest expense of $9.6 million and $11.7 million for the three months ended March 31, 2013 and 2012 is equal to the Company’s income before income taxes on a consolidated basis for the corresponding periods.