Acquisition, Dispositions and Liquidations (Tables)

3 Months Ended

Mar. 31, 2015

Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]

Disposal Groups, Including Discontinued Operations [Table Text Block]

Summary financial information included in income from discontinued operations, net of taxes for the three months ended March 31, 2015 and 2014 is presented below:

(in thousands)	Three months ended March 31,
	2015			2014
Revenues:
Service fee and commission income	$	8,342		$	8,659
Other (expense) income	(20		)	14
Total revenues	8,322			8,673
Expenses:
General and administrative expenses	6,462			6,621
Income from discontinued operations before income tax expense	1,860			2,052
Income tax expense	434			306
Income from discontinued operations, net of taxes	$	1,426		$	1,746

The assets and liabilities of ARS are presented as held for sale in the consolidated balance sheets. The carrying amounts of the major classes of assets and liabilities of ARS at March 31, 2015 and December 31, 2014 were as follows:

(in thousands)	March 31, 2015		December 31, 2014
Assets
Cash and cash equivalents	$	2,108	$	2,792
Service fee receivable	19,462		19,006
Other receivables	325		257
Income taxes recoverable	144		150
Property and equipment, net of accumulated depreciation	139		193
Goodwill	510		510
Intangible assets, net of accumulated amortization	31,318		31,318
Other assets	194		327
Assets held for sale	$	54,200	$	54,553
Liabilities
Deferred income tax liability	$	2,977	$	2,550
Deferred service fees	14,323		14,358
Accrued expenses and other liabilities	3,237		4,745
Liabilities held for sale	$	20,537	$	21,653

For the three months ended March 31, 2015 and March 31, 2014, ARS' net cash used in operating activities was $0.0 million and $1.1 million, respectively. ARS had no cash flows from investing activities for the three months ended March 31, 2015 and March 31, 2014.