Description of Business and Summary of Significant Accounting Policies (Tables)

3 Months Ended

Mar. 31, 2015

Accounting Policies [Abstract]

Schedule of Revenue by Product/Service Groups

Presented in the table below is the breakout of our revenue streams for each of those product/service groups for the three months ended March 31, 2015 and 2014.

	Three Months Ended
	March 31,
(dollar amounts in thousands)	2015		2014
Exchanges	$	46,678	$	42,105
Broker Systems	3,736		4,486
Risk Compliance Solutions (“RCS”)	12,175		3,425
Carrier Systems	1,164		1,388
Totals	$	63,753	$	51,404

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis

Additional information regarding the Company's assets and liabilities that are measured at fair value on a recurring basis is presented in the following tables:

	Fair Values at Reporting Date Using*
Descriptions	Balance, March 31, 2015		Quoted Prices in Active Markets for Identical Assets or Liabilities (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
	(In thousands)
Assets
Available-for-sale securities:
Commercial bank certificates of deposits	$	265	$	265	$	—	$	—
Total assets measured at fair value	$	265	$	265	$	—	$	—
Liabilities
Derivatives:
Contingent accrued earn-out acquisition consideration (a)	5,330		—		—		5,330
Total liabilities measured at fair value	$	5,330	$	—	$	—	$	5,330
(a) The income valuation approach is applied and the valuation inputs include the contingent payment arrangement terms, projected cash flows, rate of return, and probability assessments.
* During the three months ended March 31, 2015 there were no transfers between fair value Levels 1, 2 or 3.

	Fair Values at Reporting Date Using*
Descriptions	Balance, December 31, 2014		Quoted Prices in Active Markets for Identical Assets or Liabilities (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
	(In thousands)
Assets
Available-for-sale securities:
Commercial bank certificates of deposits	$	281	281		$	—	$	—
Total assets measured at fair value	$	281	$	281	$	—	$	—
Liabilities
Derivatives:
Contingent accrued earn-out acquisition consideration (a)	5,367		—		—		5,367
Total liabilities measured at fair value	$	5,367	$	—	$	—	$	5,367
(a) The income valuation approach is applied and the valuation inputs include the contingent payment arrangement terms, projected cash flows, rate of return, and probability assessments.
* During the twelve months ended December 31, 2014 there were no transfers between fair value Levels 1, 2 or 3.

Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation

For the Company's assets and liabilities measured at fair value on a recurring basis using significant unobservable inputs (Level 3), the following table provides a reconciliation of the beginning and ending balances for each category therein, and gains or losses recognized during the three months ended March 31, 2015 and during the year ended December 31, 2014:

Fair Value Measurements Using Significant Unobservable Inputs (Level 3)
Contingent Liability for Accrued Earn-out Acquisition Consideration	Balance, March 31, 2015			Balance, December 31, 2014
	(in thousands)
Beginning balance	$	5,367		$	14,420
Total remeasurement adjustments:
(Gains) or losses included in earnings **	—			(10,237		)
Foreign currency translation adjustments ***	(37		)	(314		)
Acquisitions and settlements
Business acquisitions	—			4,312
Settlement payments	—			(2,814		)
Ending balance	$	5,330		$	5,367
The amount of total (gains) or losses for the period included in earnings or changes to net assets, attributable to changes in unrealized (gains) or losses relating to assets or liabilities still held at period-end.	$	—		$	(8,911	)
** recorded as an adjustment to reported general and administrative expenses
*** recorded as a component of other comprehensive income within stockholders' equity

Quantitative Information about Level 3 Fair Value Measurements

The significant unobservable inputs used in the fair value measurement of the Company's contingent consideration liabilities designated as Level 3 are as follows:

(in thousands)	Fair Value at March 31, 2015	Valuation Technique	Significant Unobservable Input
Contingent acquisition consideration: (Qatarlyst, HealthCare Magic, Vertex, and i3 acquisitions)	$5,330	Discounted cash flow	Projected revenue and probability of achievement

(in thousands)	Fair Value at December 31, 2014	Valuation Technique	Significant Unobservable Input
Contingent acquisition consideration: (Qatarlyst, HealthCare Magic, Vertex, and i3 acquisitions)	$5,367	Discounted cash flow	Projected revenue and probability of achievement

Schedule of Goodwill

Changes in the carrying amount of goodwill for the three months ended March 31, 2015 and the year ended December 31, 2014 are reflected in the following table.

	March 31, 2015			December 31, 2014
	(In thousands)
Beginning Balance	$	402,220		$	337,068
Additions	—			68,503
Foreign currency translation adjustments	(2,812		)	(3,351		)
Ending Balance	$	399,408		$	402,220

Schedule of Finite-Lived Intangible Assets by Major Class, Estimated Useful Lives

We amortize these intangible assets on a straight-line basis over their estimated useful lives, as follows:

Category	Life (yrs)
Customer relationships	7-20
Developed technology	3–12
Trademarks	3–15
Non-compete agreements	5
Database	10

Schedule of Intangible Assets, Excluding Goodwill

The carrying value of finite-lived and indefinite-lived intangible assets at March 31, 2015 and December 31, 2014 are as follows:

	March 31, 2015			December 31, 2014
	(In thousands)
Finite-lived intangible assets:
Customer relationships	$	65,992		$	66,783
Developed technology	15,476			15,664
Trademarks	2,733			2,751
Non-compete agreements	755			751
Backlog	140			140
Database	212			212
Total intangibles	85,308			86,301
Accumulated amortization	(38,433		)	(36,930		)
Finite-lived intangibles, net	$	46,875		$	49,371
Indefinite-lived intangibles:
Customer/territorial relationships	$	30,887		$	30,887