XML 56 R26.htm IDEA: XBRL DOCUMENT v2.4.0.8
SEGMENT REPORTING (Tables)
9 Months Ended
Sep. 30, 2014
SEGMENT REPORTING  
Summary of segment information

 

 

 

 

Three Months Ended September 30, 2014

 

 

 

Technology

 

Bankruptcy
and Settlement
Administration

 

Eliminations

 

Total

 

 

 

(in thousands)

 

Revenues:

 

 

 

 

 

 

 

 

 

Operating revenues

 

$

69,139

 

$

34,816

 

$

 

$

103,955

 

Intersegment revenues

 

187

 

 

(187

)

 

 

 

 

 

 

 

 

 

 

 

Operating revenues including intersegment revenue

 

69,326

 

34,816

 

(187

)

103,955

 

Reimbursable expenses

 

205

 

6,846

 

 

7,051

 

Total revenues

 

69,531

 

41,662

 

(187

)

111,006

 

 

 

 

 

 

 

 

 

 

 

Direct costs, selling, general and administrative costs

 

49,044

 

28,987

 

(187

)

77,844

 

Segment performance measure

 

$

20,487

 

$

12,675

 

$

 

$

33,162

 

 

 

 

 

 

 

 

 

 

 

Segment performance measure as a percentage of segment operating revenue

 

29.6

%

36.4

%

 

31.9

%

 

 

 

 

 

Three Months Ended September 30, 2013

 

 

 

Technology

 

Bankruptcy
and Settlement
Administration

 

Eliminations

 

Total

 

 

 

(in thousands)

 

Revenues:

 

 

 

 

 

 

 

 

 

Operating revenues

 

$

75,624

 

$

34,213

 

$

 

$

109,837

 

Intersegment revenues

 

154

 

 

(154

)

 

 

 

 

 

 

 

 

 

 

 

Operating revenues including intersegment revenue

 

75,778

 

34,213

 

(154

)

109,837

 

Reimbursable expenses

 

676

 

5,171

 

 

5,847

 

Total revenues

 

76,454

 

39,384

 

(154

)

115,684

 

 

 

 

 

 

 

 

 

 

 

Direct costs, selling, general and administrative costs

 

50,857

 

28,589

 

(154

)

79,292

 

Segment performance measure

 

$

25,597

 

$

10,795

 

$

 

$

36,392

 

 

 

 

 

 

 

 

 

 

 

Segment performance measure as a percentage of segment operating revenue

 

33.8

%

31.6

%

 

33.1

%

 

 

 

 

 

Nine Months Ended September 30, 2014

 

 

 

Technology

 

Bankruptcy
and Settlement
Administration

 

Eliminations

 

Total

 

 

 

(in thousands)

 

Revenues:

 

 

 

 

 

 

 

 

 

Operating revenues

 

$

228,831

 

$

106,795

 

$

 

$

335,626

 

Intersegment revenues

 

625

 

 

(625

)

 

 

 

 

 

 

 

 

 

 

 

Operating revenues including intersegment revenue

 

229,456

 

106,795

 

(625

)

335,626

 

Reimbursable expenses

 

2,162

 

21,545

 

 

23,707

 

Total revenues

 

231,618

 

128,340

 

(625

)

359,333

 

 

 

 

 

 

 

 

 

 

 

Direct costs, selling, general and administrative costs

 

168,296

 

89,811

 

(625

)

257,482

 

Segment performance measure

 

$

63,322

 

$

38,529

 

$

 

$

101,851

 

 

 

 

 

 

 

 

 

 

 

Segment performance measure as a percentage of segment operating revenue

 

27.7

%

36.1

%

 

30.3

%

 

 

 

 

 

Nine Months Ended September 30, 2013

 

 

 

Technology

 

Bankruptcy
and Settlement
Administration

 

Eliminations

 

Total

 

 

 

(in thousands)

 

Revenues:

 

 

 

 

 

 

 

 

 

Operating revenues

 

$

200,537

 

$

117,184

 

$

 

$

317,721

 

Intersegment revenues

 

237

 

 

(237

)

 

 

 

 

 

 

 

 

 

 

 

Operating revenues including intersegment revenue

 

200,774

 

117,184

 

(237

)

317,721

 

Reimbursable expenses

 

1,498

 

33,427

 

 

34,925

 

Total revenues

 

202,272

 

150,611

 

(237

)

352,646

 

 

 

 

 

 

 

 

 

 

 

Direct costs, selling, general and administrative costs

 

138,523

 

114,294

 

(237

)

252,580

 

Segment performance measure

 

$

63,749

 

$

36,317

 

$

 

$

100,066

 

 

 

 

 

 

 

 

 

 

 

Segment performance measure as a percentage of segment operating revenue

 

31.8

%

31.0

%

 

31.5

%

 

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

 

 

 

 

Three Months Ended September 30,

 

 

 

2014

 

2013

 

 

 

(in thousands)

 

Segment performance measure

 

$

33,162

 

$

36,392

 

Unallocated corporate expenses

 

(11,805

)

(12,222

)

Share-based compensation expense

 

(703

)

(1,332

)

Depreciation and software and leasehold amortization

 

(9,693

)

(8,192

)

Amortization of intangible assets

 

(3,184

)

(4,761

)

Gain (loss) on disposition of property and equipment

 

175

 

(7

)

Other operating (expense) income

 

(390

)

855

 

Income from operations

 

7,562

 

10,733

 

Interest expense, net

 

(3,941

)

(4,099

)

Income before income taxes

 

$

3,621

 

$

6,634

 

 

 

 

 

 

Nine Months Ended September 30,

 

 

 

2014

 

2013

 

 

 

(in thousands)

 

Segment performance measure

 

$

101,851

 

$

100,066

 

Unallocated corporate expenses

 

(49,834

)

(33,545

)

Share-based compensation expense

 

(4,979

)

(5,696

)

Depreciation and software and leasehold amortization

 

(27,648

)

(22,582

)

Amortization of intangible assets

 

(9,470

)

(14,463

)

Fair value adjustment to contingent consideration

 

(1,142

)

 

Loss on disposition of property and equipment

 

(176

)

(29

)

Other operating (expense) income

 

(616

)

759

 

Income from operations

 

7,986

 

24,510

 

Interest expense, net

 

(12,657

)

(7,930

)

Income (loss) before income taxes

 

$

(4,671

)

$

16,580

 

 

Schedule of total assets by segment

 

 

 

 

September 30,
 2014

 

December 31,
2013

 

 

 

(in thousands)

 

Assets

 

 

 

 

 

Technology

 

$

348,570

 

$

369,135

 

Bankruptcy and Settlement Administration

 

280,069

 

281,073

 

Unallocated corporate

 

86,537

 

97,573

 

Total consolidated assets

 

$

715,176

 

$

747,781