Discontinued Operations

12 Months Ended

Dec. 31, 2013

Discontinued Operations And Disposal Groups [Abstract]

Discontinued Operations

Note 2: Discontinued Operations

On May 16, 2012, the Company completed the sale of substantially all of the assets and certain of the liabilities of its bankruptcy servicing subsidiary Ascension Capital Group, Inc. (“Ascension”), to a subsidiary of American InfoSource, L.P. (“AIS”). As part of the sale, the Company agreed to fund certain, agreed-upon operating losses in the first year of AIS’ ownership of the Ascension business, not to exceed $4.0 million. If the Ascension business becomes profitable under AIS’ ownership, the Company will be paid an earn-out equal to 40% of Ascension’s EBITDA, for the first five years commencing May 16, 2012. The Company received no proceeds from the sale and recognized the entire $4.0 million loss contingency during the second quarter of 2012.

During the year ended December 31, 2013, the Company recognized a loss of $2.2 million incurred to resolve legacy contractual claims against Ascension by a former customer. Additionally, during the year the Company accrued a loss of $0.7 million related to the Ascension lease which remains an obligation of the Company. Ascension’s operations are presented as discontinued operations in the Company’s consolidated statements of income and comprehensive income. The following table presents the revenue and components of discontinued operations (in thousands):

	Year Ended December 31,
	2013			2012			2011
Revenue	$	—		$	5,704		$	18,626
(Loss) income from discontinued operations before income taxes	$	(2,900	)	$	(11,942	)	$	595
Income tax benefit (expense)		1,160			4,678			(230	)
(Loss) income from discontinued operations		(1,740	)		(7,264	)		365
Loss on sale of discontinued operations, before income taxes		—			(2,416	)		—
Income tax benefit		—			586			—
Loss on sale of discontinued operations		—			(1,830	)		—
Total (loss) income from discontinued operations	$	(1,740	)	$	(9,094	)	$	365