Fair value measurements (Tables)

9 Months Ended

Sep. 30, 2018

Fair Value Disclosures [Abstract]

Other nonrecurring fair value measurements

Information regarding these other non-recurring asset impairment analyses was as follows:

			Fair value measurements using
	Fair value as of measurement date		Quoted prices in active markets for identical assets		Significant other observable inputs		Significant unobservable inputs		Impairment charge
(in thousands)			(Level 1)		(Level 2)		(Level 3)
2018 analyses:
Customer list (Small Business Services)	$	—	$	—	$	—	$	—	$	2,149
Customer lists (Financial Services)(1)	4,223		—		—		4,223		1,882
Total									$	4,031
2017 analyses:
Trade name	$	—	$	—	$	—	$	—	$	14,752
Assets held for sale	3,500		—		—		3,500		8,250
Other	—		—		—		—		3,499
Total									$	26,501

⁽¹⁾ The fair value presented is for the entire asset group that includes the impaired customer lists.

Changes in accrued contingent consideration

Changes in accrued contingent consideration during the nine months ended September 30, 2018 were as follows:

(in thousands)	Nine Months Ended September 30, 2018
Balance, December 31, 2017	$	3,623
Acquisition date fair value	100
Change in fair value	634
Payments	(1,437		)
Balance, September 30, 2018	$	2,920

Fair value of financial instruments

Information regarding the fair values of our financial instruments was as follows:

							Fair value measurements using
	September 30, 2018						Quoted prices in active markets for identical assets		Significant other observable inputs		Significant unobservable inputs
(in thousands)	Carrying value			Fair value			(Level 1)		(Level 2)		(Level 3)
Measured at fair value through net income:
Accrued contingent consideration	$	(2,920	)	$	(2,920	)	$	—	$	—	$	(2,920	)
Measured at fair value through comprehensive income:
Cash equivalents (funds held for customers)	11,000			11,000			11,000		—		—
Available-for-sale debt securities (funds held for customers)	16,144			16,144			—		16,144		—
Amortized cost:
Cash	57,851			57,851			57,851		—		—
Cash (funds held for customers)	57,263			57,263			57,263		—		—
Loans and notes receivable from Safeguard distributors	74,149			59,134			—		—		59,134
Long-term debt(1)	889,000			889,000			—		889,000		—

⁽¹⁾ Amounts exclude capital lease obligations.

							Fair value measurements using
	December 31, 2017						Quoted prices in active markets for identical assets		Significant other observable inputs		Significant unobservable inputs
(in thousands)	Carrying value			Fair value			(Level 1)		(Level 2)		(Level 3)
Measured at fair value through net income:
Accrued contingent consideration	$	(3,623	)	$	(3,623	)	$	—	$	—	$	(3,623	)
Measured at fair value through comprehensive income:
Cash equivalents (funds held for customers)	17,300			17,300			17,300		—		—
Available-for-sale debt securities (funds held for customers)	16,613			16,613			—		16,613		—
Amortized cost:
Cash	59,240			59,240			59,240		—		—
Cash (funds held for customers)	52,279			52,279			52,279		—		—
Loans and notes receivable from Safeguard distributors	46,409			44,650			—		—		44,650
Long-term debt(1)	707,386			707,938			—		707,938		—

⁽¹⁾ Amounts exclude capital lease obligations.