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SEGMENT REPORTING (Tables)
3 Months Ended
Mar. 31, 2013
SEGMENT REPORTING  
Summary of segment information

 

 

 

 

Three Months Ended March 31, 2013

 

 

 

Technology

 

Bankruptcy
and Settlement
Administration

 

Eliminations

 

Total

 

 

 

(in thousands)

 

Revenues:

 

 

 

 

 

 

 

 

 

Operating revenues

 

$

54,787

 

$

48,121

 

$

 

$

102,908

 

Intersegment revenues

 

5

 

 

(5

)

 

 

 

 

 

 

 

 

 

 

 

Operating revenues including intersegment revenue

 

54,792

 

48,121

 

(5

)

102,908

 

Reimbursable expenses

 

287

 

20,395

 

 

20,682

 

Total revenues

 

55,079

 

68,516

 

(5

)

123,590

 

 

 

 

 

 

 

 

 

 

 

Direct costs, selling, general and administrative costs

 

38,687

 

53,917

 

(5

)

92,599

 

Segment performance measure

 

$

16,392

 

$

14,599

 

$

 

$

30,991

 

 

 

 

 

Three Months Ended March 31, 2012

 

 

 

Technology

 

Bankruptcy
and Settlement
Administration

 

Eliminations

 

Total

 

 

 

(in thousands)

 

Revenues:

 

 

 

 

 

 

 

 

 

Operating revenues

 

$

48,848

 

$

33,979

 

$

 

$

82,827

 

Intersegment revenues

 

48

 

 

(48

)

 

 

 

 

 

 

 

 

 

 

 

Operating revenues including intersegment revenue

 

48,896

 

33,979

 

(48

)

82,827

 

Reimbursable expenses

 

456

 

5,189

 

 

5,645

 

Total revenues

 

49,352

 

39,168

 

(48

)

88,472

 

 

 

 

 

 

 

 

 

 

 

Direct costs, selling, general and administrative costs

 

31,759

 

24,949

 

(48

)

56,660

 

Segment performance measure

 

$

17,593

 

$

14,219

 

$

 

$

31,812

 

 

Schedule of reconciliation of segment performance measure to consolidated income before income taxes

 

 

 

Three Months Ended March 31,

 

 

 

2013

 

2012

 

 

 

(in thousands)

 

Segment performance measure

 

$

30,991

 

$

31,812

 

Unallocated corporate expenses

 

(10,324

)

(11,162

)

Share-based compensation expense

 

(1,539

)

(1,854

)

Depreciation and software and leasehold amortization

 

(6,999

)

(6,728

)

Amortization of intangible assets

 

(4,966

)

(6,769

)

Other operating expense (income)

 

(47

)

171

 

Income from operations

 

7,116

 

5,470

 

Interest expense, net

 

(1,835

)

(2,720

)

Income before income taxes

 

$

5,281

 

$

2,750

 

Schedule of total assets by segment

 

 

 

 

March 31,
 2013

 

December 31,
2012

 

 

 

(in thousands)

 

Assets

 

 

 

 

 

Technology

 

$

337,908

 

$

335,051

 

Bankruptcy and Settlement Administration

 

289,184

 

296,811

 

Unallocated corporate

 

37,637

 

22,854

 

Total consolidated assets

 

$

664,729

 

$

654,716