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Segment Information
3 Months Ended
Mar. 31, 2014
Segment Reporting [Abstract]  
Segment Information
Segment Information
 
The Company’s operating business units offer sophisticated information processing and software services and products. The Company presents these businesses as three operating segments, Financial Services, Healthcare Services and Customer Communications.  Investments in the Company’s equity securities, private equity investments, real estate 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,
2014
 
December 31,
2013
Financial Services
$
1,443.7

 
$
1,422.5

Healthcare Services
316.9

 
336.6

Customer Communications
392.6

 
403.0

Investments and Other
985.2

 
991.8

Elimination Adjustments
(62.4
)
 
(63.4
)
 
$
3,076.0

 
$
3,090.5


 
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, 2014
 
Financial
Services
 
Healthcare
Services
 
Customer
Communications
 
Investments /
Other
 
Elimination
Adjustments
 
Consolidated
Total
Operating revenues
$
244.3

 
$
92.0

 
$
165.4

 
$
3.5

 
$

 
$
505.2

Intersegment operating revenues
12.1

 

 
2.1

 
10.7

 
(24.9
)
 

Out-of-pocket reimbursements
13.7

 
1.4

 
166.0

 

 
(2.5
)
 
178.6

Total revenues
270.1

 
93.4

 
333.5

 
14.2

 
(27.4
)
 
683.8

 
 
 
 
 
 
 
 
 
 
 
 
Costs and expenses
215.9

 
76.8

 
307.1

 
8.8

 
(24.9
)
 
583.7

Depreciation and amortization
16.7

 
4.9

 
9.0

 
2.0

 
(0.6
)
 
32.0

 
 
 
 
 
 
 
 
 
 
 
 
Income (loss) from operations
37.5

 
11.7

 
17.4

 
3.4

 
(1.9
)
 
68.1

Other income, net
2.2

 

 
0.1

 
91.3

 

 
93.6

Equity in earnings of unconsolidated affiliates
3.9

 
0.1

 
0.4

 
1.0

 

 
5.4

 
 
 
 
 
 
 
 
 
 
 
 
Earnings (loss) before interest and income taxes
$
43.6

 
$
11.8

 
$
17.9

 
$
95.7

 
$
(1.9
)
 
$
167.1

 
 
Three Months Ended March 31, 2013
 
Financial
Services
 
Healthcare
Services
 
Customer
Communications
 
Investments /
Other
 
Elimination
Adjustments
 
Consolidated
Total
Operating revenues
$
238.0

 
$
80.0

 
$
173.2

 
$
4.0

 
$

 
$
495.2

Intersegment operating revenues
10.8

 

 
2.0

 
10.3

 
(23.1
)
 

Out-of-pocket reimbursements
12.0

 
1.3

 
175.9

 

 
(2.0
)
 
187.2

Total revenues
260.8

 
81.3

 
351.1

 
14.3

 
(25.1
)
 
682.4

 
 
 
 
 
 
 
 
 
 
 
 
Costs and expenses
197.6

 
69.5

 
321.1

 
8.8

 
(22.4
)
 
574.6

Depreciation and amortization
15.8

 
4.7

 
10.8

 
2.5

 
(0.6
)
 
33.2

 
 
 
 
 
 
 
 
 
 
 
 
Income (loss) from operations
47.4

 
7.1

 
19.2

 
3.0

 
(2.1
)
 
74.6

Other income (loss), net
(4.5
)
 
0.1

 
(0.8
)
 
78.4

 

 
73.2

Equity in earnings of unconsolidated affiliates
3.5

 
0.1

 
0.1

 
1.9

 

 
5.6

 
 
 
 
 
 
 
 
 
 
 
 
Earnings (loss) before interest and income taxes
$
46.4

 
$
7.3

 
$
18.5

 
$
83.3

 
$
(2.1
)
 
$
153.4



Earnings before interest and income taxes in the segment reporting information above less interest expense of $6.6 million and $9.6 million for the three months ended March 31, 2014 and 2013 is equal to the Company’s income before income taxes on a consolidated basis for the corresponding periods.