Discontinued Operations (Tables)

3 Months Ended

Mar. 31, 2016

Discontinued Operations and Disposal Groups [Abstract]

Schedule of Results from Discontinued Operations

The following table summarizes the results from the discontinued operation for the three months ended March 31:

	Three Months Ended March 31,
	2016			2015
Revenues from discontinued operations	$	69,151		$	75,104
Expenses:
Cost of revenues (exclusive of items shown separately below)		44,479			50,432
Selling, general and administrative		10,111			8,592
Depreciation and amortization of fixed assets		6,987			5,054
Amortization of intangible assets		5,904			6,686
Total expenses		67,481			70,764
Operating income		1,670			4,340
Other income (expense):
Investment income and others, net		110			(36	)
Total other income (expense)		110			(36	)
Income from discontinued operations before income taxes		1,780			4,304
Provision for income taxes (1)		(18,871	)		(1,991	)
(Loss) income from discontinued operations, net of tax	$	(17,091	)	$	2,313

(1) Included in the provision for income taxes, for the three months ended March 31, 2016, is a charge of $18,195 primarily resulting from the recognition of a deferred tax liability of $17,645 associated with the estimated stock basis difference in Verisk Health.

The following table summarizes the assets held-for-sale and the liabilities held-for-sale as of March 31, 2016 and December 31, 2015:

	March 31, 2016		December 31, 2015
Accounts receivable, net of allowance for doubtful accounts of $2,456 and $2,428, respectively	$	55,979	$	69,152
Prepaid expenses		6,104		6,615
Income tax receivable		368		257
Other current assets		34		39
Total current assets held-for-sale	$	62,485	$	76,063
Fixed assets, net	$	66,243	$	67,857
Intangible assets, net		125,759		131,662
Goodwill		381,800		381,800
Other assets		443		577
Total noncurrent assets held-for-sale	$	574,245	$	581,896
Accounts payable and accrued liabilities	$	15,305	$	23,552
Deferred revenues		16,382		16,118
Income tax payable		78		—
Total current liabilities held-for-sale	$	31,765	$	39,670
Deferred income taxes, net	$	67,255	$	67,255
Other liabilities		2,405		1,738
Total noncurrent liabilities held-for-sale	$	69,660	$	68,993

Net cash provided by operating activities and net cash used in investing activities from the discontinued operation or the three months ended March 31 are presented below:

	Three Months Ended March 31,
	2016			2015
Net cash provided by operating activities	$	22,118		$	36,636
Net cash used in investing activities	$	(5,496	)	$	(4,173	)