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DIVESTITURES:
6 Months Ended
Sep. 30, 2012
DIVESTITURES:  
DIVESTITURES:

4.             DIVESTITURES:

 

Discontinued Operation

 

On February 1, 2012 the Company completed the sale of its background screening unit, Acxiom Information Security Systems (AISS), to Sterling Infosystems, a New York-based technology firm, for $74 million.  The results of operations pertaining to the AISS business have been classified as discontinued operations in the condensed consolidated financial statements.

 

Summary results of operations of the AISS business unit for the quarter and six months ended September 30, 2011 are segregated and included in income from discontinued operations, net of tax, in the condensed consolidated statements of operations and are as follows (dollars in thousands):

 

 

 

For the quarter
ended
September 30, 2011

 

For the six months
ended
September 30, 2011

 

Revenues

 

$

13,602

 

$

26,492

 

 

 

 

 

 

 

Earnings from discontinued operations before income taxes

 

$

1,896

 

$

3,422

 

Income taxes

 

758

 

1,369

 

Income from discontinued operations, net of tax

 

$

1,138

 

$

2,053

 

 

The net cash flows related to the AISS discontinued operation for each of the categories of operating, investing, and financing activities were not significant for the six months ending September 30, 2011.