Disposition, Deconsolidation and Discontinued Operations (Tables)

9 Months Ended

Sep. 30, 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 and nine months ended September 30, 2015 and 2014 is presented below:

(in thousands)	Three months ended September 30,				Nine months ended September 30,
	2015		2014		2015			2014
Revenues:
Service fee and commission income	$	—	$	7,153	$	8,342		$	23,712
Other income (expense)	—		3		(20		)	24
Total revenues	—		7,156		8,322			23,736
Expenses:
General and administrative expenses	—		6,309		6,462			19,435
Income from discontinued operations before income tax expense	—		847		1,860			4,301
Income tax expense	—		315		434			882
Income from discontinued operations, net of taxes	—		532		1,426			3,419
Gain on disposal of discontinued operations before income tax benefit	—		—		11,010			—
Income tax benefit	—		—		(249		)	—
Gain on disposal of discontinued operations, net of taxes	—		—		11,259			—
Total gain from discontinued operations, net of taxes	$	—	$	532	$	12,685		$	3,419

At December 31, 2014, 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 December 31, 2014 were as follows:

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

For the nine months ended September 30, 2015 and September 30, 2014, ARS' net cash provided by operating activities was $0.0 million and $0.5 million, respectively. ARS had no cash flows from investing activities for the nine months ended September 30, 2015 and September 30, 2014.