Delaware | 95-1068610 |
(State or other jurisdiction of incorporation or organization) | (I.R.S. Employer Identification No.) |
Common | New York Stock Exchange |
(Title of each class) | (Name of each exchange on which registered) |
Large accelerated filer x | Accelerated filer o | |
Non-accelerated filer o (Do not check if a smaller reporting company) | Smaller reporting company o |
Real Property Information | Mortgage Information | Consumer Information | ||
* Land & Property Characteristic Information | * Recorded Mortgages, Juniors, & Private Parties | * Multi-Family Resident Screening Information | ||
* Property Ownership Information & History | * Loans with Detailed Mortgage Type & Purpose | * Landlord/Tenant Court Records | ||
* Property Tax Payment Amounts, Status & History | * Mortgage Modifications, Assignments & Satisfactions | * Property Rental, Auto & Loan Applications | ||
* Property Sales information & History | * Pre-foreclosures & Foreclosures | * Consumer Credit Information & History | ||
* MLS Listing Information & History | * Mortgage Applications | * Under-banked Credit Payments & History | ||
* Involuntary Liens & Judgments, such as Homeowner & Mechanics Liens | * Mortgage Servicers: Delinquency, Prepayment & Performance Information | * Criminal Records | ||
* Flood & Hazard Information | * Performance Information | * Bankruptcy Records | ||
* Geo-coded Parcel Maps | * Non Agency MBS/ABS Securities: Delinquency, Pre-payment & Performance Information | * Involuntary Liens and Judgments | ||
* Geospatial Polygons and Boundaries | * SSN & Income Verifications | |||
* Legal Descriptions | * Sex Offender Registry | |||
* Building Permits | ||||
* Building Sketches | ||||
* Recorded Document Images | ||||
* Property Photos | ||||
* Property Appraisals and Broker Price Opinions | ||||
* Property Inspections |
Reporting Segment | Key Products and Services | ||
Data and Analytics | Information and analytics products (including property and mortgage securities information) Tenancy data and analytics products Under-banked credit services Geospatial solutions Realtor solutions (Multiple Listing Services ("MLS")) | ||
Mortgage Origination Services | Tax services Flood data services and licenses Credit solutions National joint ventures (providing appraisal, credit and other settlement services to loan originators) Lending solutions | ||
Asset Management and Processing Solutions | Field services (property preservation) Broker price opinions ("BPO") Processing solutions Technology solutions Real estate owned ("REO") asset management and other default services |
• | tax services, based on the number of loans under service; |
• | flood zone determinations, based on the number of flood zone certification reports issued; |
• | credit reporting services to the United States mortgage lending industry, based on the number of credit reports issued; |
• | property data services, based on the number of inquiries; |
• | automated appraisals, based on the number of reports sold; and |
• | MLS, based on the number of active desktops. |
(in thousands) | 2012 | % of Total Operating Revenue | 2011 | % of Total Operating Revenue | 2010 | % of Total Operating Revenue | ||||||||||||||
Data and analytics | $ | 616,110 | 39.3 | % | $ | 548,146 | 41.0 | % | $ | 463,513 | 36.2 | % | ||||||||
Mortgage origination services | 635,615 | 40.5 | % | 482,076 | 36.0 | % | 466,117 | 36.4 | % | |||||||||||
Asset management and processing solutions | 335,224 | 21.4 | % | 329,273 | 24.6 | % | 368,536 | 28.8 | % | |||||||||||
Corporate | 640 | — | % | 41,789 | 3.1 | % | 59,125 | 4.6 | % | |||||||||||
Eliminations | (19,956 | ) | (1.3 | )% | (62,737 | ) | (4.7 | )% | (77,015 | ) | (6.0 | )% | ||||||||
Operating revenue | $ | 1,567,633 | 100.0 | % | $ | 1,338,547 | 100.0 | % | $ | 1,280,276 | 100.0 | % |
• | The Dodd-Frank Act imposes more stringent requirements on appraiser independence and on the nature and disclosure of appraisal management company fees and activities, including ensuring the fees the AMC pays to appraisers are customary and reasonable. The Dodd-Frank Act also provides for replacement of the Federal Housing Finance Agency's Home Valuation Code of Conduct with new regulations promulgated by the federal financial institution regulators; |
• | Appraisals, AVMs and other forms of home value estimates are now subject to more explicit and detailed quality control requirements, and creditors will be required to disclose to applicants information about the purpose, and provide consumers with a free copy, of any appraisal, AVM or other estimate of a home's value developed in connection with a residential real estate mortgage loan application;; |
• | The use of BPOs has been restricted somewhat; and |
• | The increased regulation of AVMs and BPOs has created opportunities for expanded use of these tools in the residential mortgage lending industry and we have introduced new products to make use of these new opportunities. |
• | Our tenant screening business is subject to certain landlord-tenant laws; |
• | Our loan document business must monitor state laws applicable to our customers relating to loan documents and fee limitations as well as Fannie Mae and Freddie Mac requirements to develop and maintain compliant loan documents and other instruments; and |
• | Our activities in foreign jurisdictions are subject to the requirements of the Foreign Corrupt Practices Act and comparable foreign laws. |
1. | We depend on our ability to access data from external sources to maintain and grow our businesses. If we are unable to access needed data from these sources or if the prices charged for these services increase, the quality, pricing and availability of our products and services may be adversely affected, which could have a material adverse impact on our business, financial condition and results of operations. |
2. | Our customers and we are subject to various governmental regulations, and a failure to comply with government regulations or changes in these regulations could result in regulatory penalties, restrict or limit our or our customers' operations or make it more burdensome to conduct such operations, any of which could have a material adverse effect on our revenues, earnings and cash flows. |
3. | Regulatory developments with respect to use of consumer data and public records could have a material adverse effect on our business, financial condition and results of operations. |
4. | If we are unable to protect our information systems against data corruption, cyber-based attacks or network security breaches, or if we are unable to provide adequate security in the electronic transmission of sensitive data, it could have a material adverse effect on our business, financial condition and results of operations. |
5. | Systems interruptions may impair the delivery of our products and services, causing potential customer and revenue loss. |
6. | Because our revenue from customers in the mortgage, consumer lending and real estate industries is affected by the strength of the economy and the housing market generally, including the volume of real estate transactions, a |
7. | We do not solely control the operations and dividend policies of our partially-owned affiliates, including our National Joint Ventures. A decrease in earnings of or dividends from these joint ventures could have a negative impact on our earnings and cash flow. |
8. | We rely on our top customers for a significant portion of our revenue and profit, which makes us susceptible to the same macro-economic and regulatory factors that our customers face. If these customers are negatively impacted by current economic or regulatory conditions or otherwise experience financial hardship or stress, or if the terms of our relationships with these customers change, our business, financial condition and results of operations could be adversely affected. |
9. | We rely upon proprietary technology and information rights, and if we are unable to protect our rights, our business, financial condition and results of operations could be harmed. |
10. | If our products or services are found to infringe on the proprietary rights of others, we may be required to change our business practices and may also become subject to significant costs and monetary penalties. |
• | be expensive and time-consuming to defend; |
• | cause us to cease making, licensing or using applications that incorporate the challenged intellectual property; |
• | require us to redesign our applications, if feasible; |
• | divert management's attention and resources; and |
• | require us to enter into royalty or licensing agreements in order to obtain the right to use necessary technologies. |
11. | The acquisition and integration or divestiture of businesses by us may involve increased expenses, and may not produce the desired financial or operating results contemplated at the time of the transaction. |
13. | Our international outsourcing service providers and our own international operations subject us to additional risks, which could have an adverse effect on our results of operations. Dependence on these operations, in particular our outsourcing arrangements, may impair our ability to operate effectively. |
14. | Our level of indebtedness could adversely affect our financial condition and prevent us from complying with our covenants and obligations under our outstanding debt instruments. In addition, the instruments governing our indebtedness subject us to various restrictions that could limit our operating flexibility. |
• | create, incur or assume additional debt; |
• | create, incur or assume certain liens; |
• | redeem and/or prepay certain subordinated debt we might issue in the future; |
• | pay dividends on our stock or repurchase stock; |
• | make certain investments and acquisitions, including joint ventures; |
• | enter into or permit to exist contractual limits on the ability of our subsidiaries to pay dividends to us; |
• | enter into new lines of business; |
• | engage in consolidations, mergers and acquisitions; |
• | engage in specified sales of assets; and |
• | enter into transactions with affiliates. |
17. | We may not be able to attract and retain qualified management or develop current management to keep pace with company growth, which could have an adverse effect on our ability to maintain or increase our product and service offerings. |
18. | We have substantial investments in recorded goodwill as a result of prior acquisitions and an impairment of these investments would require a write-down that would reduce our net income. |
1. | We are responsible for a portion of FAFC's contingent and other corporate liabilities. |
2. | We share responsibility with FAFC for certain income tax liabilities for tax periods prior to and including the date of the Distribution. |
3. | If the Distribution or certain internal transactions undertaken in anticipation of the Separation are determined to be taxable for U.S. federal income tax purposes, we, our stockholders that are subject to U.S. federal income tax and FAFC will incur significant U.S. federal income tax liabilities. |
4. | In connection with the Separation, we entered into a number of agreements with FAFC setting forth rights and obligations of the parties post Separation. In addition, certain provisions of these agreements provide protection to FAFC in the event of a change of control of us, which could reduce the likelihood of a potential change of control that our stockholders may consider favorable. |
2012 | 2011 | ||||||||||||
High | Low | High | Low | ||||||||||
Quarter ended March 31, | $ | 16.93 | $ | 12.44 | $ | 20.97 | $ | 17.07 | |||||
Quarter ended June 30, | $ | 18.68 | $ | 15.05 | $ | 19.20 | $ | 16.24 | |||||
Quarter ended September 30, | $ | 27.83 | $ | 18.35 | $ | 16.96 | $ | 7.64 | |||||
Quarter ended December 31, | $ | 29.00 | $ | 22.13 | $ | 14.40 | $ | 9.98 |
(in thousands, except per share amounts) | For the year ended December 31, | ||||||||||||||||||
Income Statement Data: | 2012 | 2011 | 2010 | 2009 | 2008 | ||||||||||||||
Operating revenue | $ | 1,567,633 | $ | 1,338,547 | $ | 1,280,276 | $ | 1,330,162 | $ | 1,305,134 | |||||||||
Operating income | 222,260 | 88,685 | 113,683 | 108,652 | 66,201 | ||||||||||||||
Equity in earnings of affiliates, net of tax | 35,983 | 30,270 | 41,641 | 48,847 | 23,640 | ||||||||||||||
Amounts attributable to CoreLogic: | |||||||||||||||||||
Income/(loss) from continuing operations, net of tax | 123,508 | 52,515 | 46,221 | 45,981 | (10,420 | ) | |||||||||||||
(Loss)/income from discontinued operations, net of tax | (15,056 | ) | (127,124 | ) | (83,536 | ) | 150,658 | (15,900 | ) | ||||||||||
Income/(loss) from sale of discontinued operations, net of tax | 3,841 | — | (18,985 | ) | — | — | |||||||||||||
Net income/(loss) | $ | 112,293 | $ | (74,609 | ) | $ | (56,300 | ) | $ | 196,639 | $ | (26,320 | ) | ||||||
Balance Sheet Data: | |||||||||||||||||||
Assets of discontinued operations | $ | 794 | $ | 55,516 | $ | 270,293 | $ | 5,918,400 | $ | 6,061,041 | |||||||||
Total assets | $ | 3,029,827 | $ | 3,118,700 | $ | 3,234,825 | $ | 8,836,988 | $ | 8,787,686 | |||||||||
Long-term debt, excluding discontinued operations | $ | 792,426 | $ | 908,295 | $ | 720,889 | $ | 570,457 | $ | 613,685 | |||||||||
Total equity | $ | 1,170,946 | $ | 1,244,821 | $ | 1,545,141 | $ | 3,156,671 | $ | 3,375,659 | |||||||||
Dividends on common shares | $ | — | $ | — | $ | 22,657 | $ | 84,349 | $ | 81,542 | |||||||||
Amounts attributable to CoreLogic: | |||||||||||||||||||
Basic income/(loss) per share: | |||||||||||||||||||
Income/(loss) from continuing operations, net of tax | $ | 1.20 | $ | 0.48 | $ | 0.41 | $ | 0.49 | $ | (0.11 | ) | ||||||||
(Loss)/income from discontinued operations, net of tax | (0.15 | ) | (1.16 | ) | (0.75 | ) | 1.59 | (0.17 | ) | ||||||||||
Income/(loss) from sale of discontinued operations, net of tax | 0.04 | — | (0.17 | ) | — | — | |||||||||||||
Net income/(loss) | $ | 1.09 | $ | (0.68 | ) | $ | (0.51 | ) | $ | 2.08 | $ | (0.28 | ) | ||||||
Diluted income/(loss) per share: | |||||||||||||||||||
Income/(loss) from continuing operations, net of tax | $ | 1.19 | $ | 0.48 | $ | 0.41 | $ | 0.48 | $ | (0.11 | ) | ||||||||
(Loss)/income from discontinued operations, net of tax | (0.14 | ) | (1.16 | ) | (0.74 | ) | 1.58 | (0.17 | ) | ||||||||||
Income/(loss) from sale of discontinued operations, net of tax | 0.04 | — | (0.17 | ) | — | — | |||||||||||||
Net income/(loss) | $ | 1.09 | $ | (0.68 | ) | $ | (0.50 | ) | $ | 2.06 | $ | (0.28 | ) | ||||||
Weighted average shares outstanding | |||||||||||||||||||
Basic | 102,913 | 109,122 | 111,529 | 94,551 | 92,516 | ||||||||||||||
Diluted | 104,050 | 109,712 | 112,363 | 95,478 | 92,516 |
• | limitations on access to or increase in prices for data from external sources, including government and public record sources; |
• | changes in applicable government legislation, regulations and the level of regulatory scrutiny affecting our customers or us, including with respect to consumer financial services and the use of public records and consumer data; |
• | compromises in the security of our data transmissions, including the transmission of confidential information or systems interruptions; |
• | difficult conditions in the mortgage and consumer lending industries and the economy generally together with customer concentration and the impact of these factors thereon; |
• | our ability to protect proprietary technology rights; |
• | our indebtedness and the restrictions in our various debt agreements; |
• | our growth strategies and cost reduction plans and our ability to effectively and efficiently implement them; |
• | risks related to the outsourcing of services and our international operations; |
• | impairments in our goodwill or other intangible assets; and |
• | the inability to realize the benefits of the Separation as a result of the factors described immediately above, as well as, among other factors, increased borrowing costs, competition between the resulting companies, increased operating or other expenses or the triggering of rights and obligations by the transaction or any litigation arising out of or related to the Separation. |
2012 vs. 2011 | 2011 vs. 2010 | ||||||||||||||||||
(in thousands, except percentages) | 2012 | 2011 | 2010 | $ Change | % Change | $ Change | % Change | ||||||||||||
Operating revenue | $ | 616,110 | $ | 548,146 | $ | 463,513 | $ | 67,964 | 12.4 | % | $ | 84,633 | 18.3 | % | |||||
Cost of services (exclusive of depreciation and amortization below) | 287,910 | 242,474 | 202,520 | 45,436 | 18.7 | % | 39,954 | 19.7 | % | ||||||||||
Selling, general and administrative expenses | 146,786 | 163,005 | 124,011 | (16,219 | ) | -10.0 | % | 38,994 | 31.4 | % | |||||||||
Depreciation and amortization | 72,391 | 67,230 | 48,722 | 5,161 | 7.7 | % | 18,508 | 38.0 | % | ||||||||||
Total operating expenses | 507,087 | 472,709 | 375,253 | 34,378 | 7.3 | % | 97,456 | 26.0 | % | ||||||||||
Operating income | 109,023 | 75,437 | 88,260 | 33,586 | 44.5 | % | (12,823 | ) | -14.5 | % | |||||||||
Total interest expense, net | (1,553 | ) | (365 | ) | (293 | ) | (1,188 | ) | 325.5 | % | (72 | ) | 24.6 | % | |||||
Gain/(loss) on investments and other, net | 2,488 | (821 | ) | 280 | 3,309 | -403.0 | % | (1,101 | ) | -393.2 | % | ||||||||
Income from continuing operations before income taxes | 109,958 | 74,251 | 88,247 | 35,707 | 48.1 | % | (13,996 | ) | -15.9 | % | |||||||||
Income from continuing operations before equity in earnings of affiliates | 109,958 | 74,251 | 88,247 | 35,707 | 48.1 | % | (13,996 | ) | -15.9 | % | |||||||||
Equity in earnings of affiliates | 2,197 | 1,512 | 4,606 | 685 | 45.3 | % | (3,094 | ) | -67.2 | % | |||||||||
Income from continuing operations | $ | 112,155 | $ | 75,763 | $ | 92,853 | $ | 36,392 | 48.0 | % | $ | (17,090 | ) | -18.4 | % |
2012 vs. 2011 | 2011 vs. 2010 | ||||||||||||||||||
(in thousands, except percentages) | 2012 | 2011 | 2010 | $ Change | % Change | $ Change | % Change | ||||||||||||
Operating revenue | $ | 635,615 | $ | 482,076 | $ | 466,117 | $ | 153,539 | 31.8 | % | $ | 15,959 | 3.4 | % | |||||
Cost of services (exclusive of depreciation and amortization below) | 335,769 | 284,914 | 259,152 | 50,855 | 17.8 | % | 25,762 | 9.9 | % | ||||||||||
Selling, general and administrative expenses | 102,338 | 102,810 | 106,346 | (472 | ) | -0.5 | % | (3,536 | ) | -3.3 | % | ||||||||
Depreciation and amortization | 26,013 | 22,510 | 17,844 | 3,503 | 15.6 | % | 4,666 | 26.1 | % | ||||||||||
Total operating expenses | 464,120 | 410,234 | 383,342 | 53,886 | 13.1 | % | 26,892 | 7.0 | % | ||||||||||
Operating income | 171,495 | 71,842 | 82,775 | 99,653 | 138.7 | % | (10,933 | ) | -13.2 | % | |||||||||
Total interest (expense)/income, net | (591 | ) | 2,895 | 1,483 | (3,486 | ) | -120.4 | % | 1,412 | 95.2 | % | ||||||||
Gain/(loss) on investments and other, net | 263 | (1,519 | ) | (1,183 | ) | 1,782 | -117.3 | % | (336 | ) | 28.4 | % | |||||||
Income from continuing operations before income taxes | 171,167 | 73,218 | 83,075 | 97,949 | 133.8 | % | (9,857 | ) | -11.9 | % | |||||||||
Income from continuing operations before equity in earnings of affiliates | 171,167 | 73,218 | 83,075 | 97,949 | 133.8 | % | (9,857 | ) | -11.9 | % | |||||||||
Equity in earnings of affiliates | 55,571 | 47,673 | 64,588 | 7,898 | 16.6 | % | (16,915 | ) | -26.2 | % | |||||||||
Income from continuing operations | $ | 226,738 | $ | 120,891 | $ | 147,663 | $ | 105,847 | 87.6 | % | $ | (26,772 | ) | -18.1 | % |
2012 vs. 2011 | 2011 vs. 2010 | ||||||||||||||||||
(in thousands, except percentages) | 2012 | 2011 | 2010 | $ Change | % Change | $ Change | % Change | ||||||||||||
Operating revenue | $ | 335,224 | $ | 329,273 | $ | 368,536 | $ | 5,951 | 1.8 | % | $ | (39,263 | ) | -10.7 | % | ||||
Cost of services (exclusive of depreciation and amortization below) | 230,417 | 235,596 | 239,966 | (5,179 | ) | -2.2 | % | (4,370 | ) | -1.8 | % | ||||||||
Selling, general and administrative expenses | 44,777 | 41,107 | 45,919 | 3,670 | 8.9 | % | (4,812 | ) | -10.5 | % | |||||||||
Depreciation and amortization | 11,930 | 7,484 | 5,446 | 4,446 | 59.4 | % | 2,038 | 37.4 | % | ||||||||||
Total operating expenses | 287,124 | 284,187 | 291,331 | 2,937 | 1.0 | % | (7,144 | ) | -2.5 | % | |||||||||
Operating income | 48,100 | 45,086 | 77,205 | 3,014 | 6.7 | % | (32,119 | ) | -41.6 | % | |||||||||
Total interest income/(expense), net | 284 | 214 | (3 | ) | 70 | 32.7 | % | 217 | -7,233.3 | % | |||||||||
(Loss)/gain on investment and other, net | — | (745 | ) | 3,353 | 745 | -100.0 | % | (4,098 | ) | -122.2 | % | ||||||||
Income from continuing operations before income taxes | 48,384 | 44,555 | 80,555 | 3,829 | 8.6 | % | (36,000 | ) | -44.7 | % | |||||||||
Income from continuing operations before equity in earnings of affiliates | 48,384 | 44,555 | 80,555 | 3,829 | 8.6 | % | (36,000 | ) | -44.7 | % | |||||||||
Equity in earnings/(losses) of affiliates | — | (245 | ) | 755 | 245 | -100.0 | % | (1,000 | ) | -132.5 | % | ||||||||
Income from continuing operations | $ | 48,384 | $ | 44,310 | $ | 81,310 | $ | 4,074 | 9.2 | % | $ | (37,000 | ) | -45.5 | % |
2012 vs. 2011 | 2011 vs. 2010 | ||||||||||||||||||
(in thousands, except percentages) | 2012 | 2011 | 2010 | $ Change | % Change | $ Change | % Change | ||||||||||||
Operating revenue | $ | 640 | $ | 41,789 | $ | 59,125 | $ | (41,149 | ) | -98.5 | % | $ | (17,336 | ) | -29.3 | % | |||
Cost of services (exclusive of depreciation and amortization below) | — | 33,934 | 44,587 | (33,934 | ) | -100.0 | % | (10,653 | ) | -23.9 | % | ||||||||
Selling, general and administrative expenses | 83,618 | 93,213 | 126,226 | (9,595 | ) | -10.3 | % | (33,013 | ) | -26.2 | % | ||||||||
Depreciation and amortization | 23,515 | 19,163 | 23,676 | 4,352 | 22.7 | % | (4,513 | ) | -19.1 | % | |||||||||
Total operating expenses | 107,133 | 146,310 | 194,489 | (39,177 | ) | -26.8 | % | (48,179 | ) | -24.8 | % | ||||||||
Operating loss | (106,493 | ) | (104,521 | ) | (135,364 | ) | (1,972 | ) | 1.9 | % | 30,843 | -22.8 | % | ||||||
Total interest expense, net | (50,608 | ) | (61,034 | ) | (31,412 | ) | 10,426 | -17.1 | % | (29,622 | ) | 94.3 | % | ||||||
(Loss)/gain on investment and other, net | (5,267 | ) | 63,090 | (13,335 | ) | (68,357 | ) | -108.3 | % | 76,425 | -573.1 | % | |||||||
Loss from continuing operations before income taxes | (162,368 | ) | (102,465 | ) | (180,111 | ) | (59,903 | ) | 58.5 | % | 77,646 | -43.1 | % | ||||||
Provision for income taxes | 80,396 | 67,175 | 30,323 | 13,221 | 19.7 | % | 36,852 | 121.5 | % | ||||||||||
Loss from continuing operations before equity in earnings of affiliates | (242,764 | ) | (169,640 | ) | (210,434 | ) | (73,124 | ) | 43.1 | % | 40,794 | -19.4 | % | ||||||
Equity in losses of affiliates | (21,785 | ) | (18,670 | ) | (28,308 | ) | (3,115 | ) | 16.7 | % | 9,638 | -34.0 | % | ||||||
Net loss from continuing operations | $ | (264,549 | ) | $ | (188,310 | ) | $ | (238,742 | ) | $ | (76,239 | ) | 40.5 | % | $ | 50,432 | -21.1 | % |
(in thousands) | Less than 1 Year | 1-3 Years | 3-5 Years | More than 5 Years | Total | ||||||||||||||
Operating leases | $ | 41,583 | $ | 53,224 | $ | 31,577 | $ | 26,196 | $ | 152,580 | |||||||||
Long-term debt (1) | 102 | 84,676 | 256,250 | 452,645 | 793,673 | ||||||||||||||
Interest payments related to debt (2) | 14,342 | 85,795 | 69,063 | 176,503 | 345,703 | ||||||||||||||
Service agreement (3) | 62,012 | 122,087 | 93,525 | — | 277,624 | ||||||||||||||
Total (4) | $ | 118,039 | $ | 345,782 | $ | 450,415 | $ | 655,344 | $ | 1,569,580 |
Page No. | |
Financial Statements: | |
Financial Statement Schedule: | |
(in thousands, except par value) | |||||||
Assets | 2012 | 2011 | |||||
Current assets: | |||||||
Cash and cash equivalents | $ | 148,858 | $ | 259,266 | |||
Marketable securities | 22,168 | 20,884 | |||||
Accounts receivable (less allowance for doubtful accounts of $21,643 and $17,365 in 2012 and 2011, respectively) | 255,148 | 213,339 | |||||
Prepaid expenses and other current assets | 50,036 | 51,659 | |||||
Income tax receivable | 14,084 | 15,110 | |||||
Deferred income tax assets, current | 98,836 | 86,518 | |||||
Due from FAFC, net | — | 621 | |||||
Assets of discontinued operations | 794 | 55,516 | |||||
Total current assets | 589,924 | 702,913 | |||||
Property and equipment, net | 186,617 | 214,237 | |||||
Goodwill, net | 1,504,232 | 1,472,206 | |||||
Other intangible assets, net | 171,584 | 164,365 | |||||
Capitalized data and database costs, net | 322,289 | 304,006 | |||||
Investment in affiliates, net | 94,227 | 113,809 | |||||
Restricted cash | 22,117 | 22,044 | |||||
Other assets | 138,837 | 125,120 | |||||
Total assets | $ | 3,029,827 | $ | 3,118,700 | |||
Liabilities and Equity | |||||||
Current liabilities: | |||||||
Accounts payable and accrued expenses | $ | 157,190 | $ | 122,859 | |||
Accrued salaries and benefits | 114,165 | 86,444 | |||||
Deferred revenue, current | 242,282 | 201,689 | |||||
Current portion of long-term debt | 102 | 62,268 | |||||
Liabilities of discontinued operations | 3,352 | 27,399 | |||||
Total current liabilities | 517,091 | 500,659 | |||||
Long-term debt, net of current | 792,324 | 846,027 | |||||
Deferred revenue, net of current | 309,418 | 338,799 | |||||
Deferred income tax liabilities, long-term | 71,361 | 27,012 | |||||
Other liabilities | 168,687 | 161,382 | |||||
Total liabilities | 1,858,881 | 1,873,879 | |||||
Commitments and contingencies | |||||||
Equity: | |||||||
CoreLogic, Inc.'s (CoreLogic) stockholders' equity: | |||||||
Preferred stock, $0.00001 par value; 500 shares authorized, no shares issued or outstanding | — | — | |||||
Common stock, $0.00001 par value; 180,000 shares authorized; 97,698 and 106,544 shares issued and outstanding as of December 31, 2012 and 2011, respectively | 1 | 1 | |||||
Additional paid-in capital | 866,720 | 1,053,447 | |||||
Retained earnings | 318,094 | 209,389 | |||||
Accumulated other comprehensive loss | (15,514 | ) | (20,316 | ) | |||
Total CoreLogic stockholders' equity | 1,169,301 | 1,242,521 | |||||
Noncontrolling interests | 1,645 | 2,300 | |||||
Total equity | 1,170,946 | 1,244,821 | |||||
Total liabilities and equity | $ | 3,029,827 | $ | 3,118,700 |
(in thousands, except per share amounts) | 2012 | 2011 | 2010 | ||||||||
Operating revenue | $ | 1,567,633 | $ | 1,338,547 | $ | 1,280,276 | |||||
Cost of services (exclusive of depreciation and amortization below) | 839,593 | 749,064 | 683,883 | ||||||||
Selling, general and administrative expenses | 372,066 | 385,252 | 387,829 | ||||||||
Depreciation and amortization | 133,714 | 115,546 | 94,881 | ||||||||
Total operating expenses | 1,345,373 | 1,249,862 | 1,166,593 | ||||||||
Operating income | 222,260 | 88,685 | 113,683 | ||||||||
Interest expense: | |||||||||||
Interest income | 3,056 | 4,827 | 4,269 | ||||||||
Interest expense | 55,524 | 63,117 | 34,494 | ||||||||
Total interest expense, net | (52,468 | ) | (58,290 | ) | (30,225 | ) | |||||
(Loss)/gain on investments and other, net | (2,516 | ) | 60,005 | (10,885 | ) | ||||||
Income from continuing operations before equity in earnings of affiliates and income taxes | 167,276 | 90,400 | 72,573 | ||||||||
Provision for income taxes | 80,396 | 67,175 | 30,323 | ||||||||
Income from continuing operations before equity in earnings of affiliates | 86,880 | 23,225 | 42,250 | ||||||||
Equity in earnings of affiliates, net of tax | 35,983 | 30,270 | 41,641 | ||||||||
Net income from continuing operations | 122,863 | 53,495 | 83,891 | ||||||||
Loss from discontinued operations, net of tax | (15,056 | ) | (127,124 | ) | (83,536 | ) | |||||
Gain/(loss) from sale of discontinued operations, net of tax | 3,841 | — | (18,985 | ) | |||||||
Net income/(loss) | 111,648 | (73,629 | ) | (18,630 | ) | ||||||
Less: Net (loss)/income attributable to noncontrolling interests | (645 | ) | 980 | 37,670 | |||||||
Net income/(loss) attributable to CoreLogic | $ | 112,293 | $ | (74,609 | ) | $ | (56,300 | ) | |||
Amounts attributable to CoreLogic: | |||||||||||
Income from continuing operations, net of tax | $ | 123,508 | $ | 52,515 | $ | 46,221 | |||||
Loss from discontinued operations, net of tax | (15,056 | ) | (127,124 | ) | (83,536 | ) | |||||
Gain/(loss) from sale of discontinued operations, net of tax | 3,841 | — | (18,985 | ) | |||||||
Net income/(loss) attributable to CoreLogic | $ | 112,293 | $ | (74,609 | ) | $ | (56,300 | ) | |||
Basic income/(loss) per share: | |||||||||||
Income from continuing operations, net of tax | $ | 1.20 | $ | 0.48 | $ | 0.41 | |||||
Loss from discontinued operations, net of tax | (0.15 | ) | (1.16 | ) | (0.75 | ) | |||||
Gain/(loss) from sale of discontinued operations, net of tax | 0.04 | — | (0.17 | ) | |||||||
Net income/(loss) attributable to CoreLogic | $ | 1.09 | $ | (0.68 | ) | $ | (0.51 | ) | |||
Diluted income/(loss) per share: | |||||||||||
Income from continuing operations, net of tax | $ | 1.19 | $ | 0.48 | $ | 0.41 | |||||
Loss from discontinued operations, net of tax | (0.14 | ) | (1.16 | ) | (0.74 | ) | |||||
Gain/(loss) from sale of discontinued operations, net of tax | 0.04 | — | (0.17 | ) | |||||||
Net income/(loss) attributable to CoreLogic | $ | 1.09 | $ | (0.68 | ) | $ | (0.50 | ) | |||
Weighted-average common shares outstanding: | |||||||||||
Basic | 102,913 | 109,122 | 111,529 | ||||||||
Diluted | 104,050 | 109,712 | 112,363 |
(in thousands) | 2012 | 2011 | 2010 | ||||||||
Net income/(loss) | $ | 111,648 | $ | (73,629 | ) | $ | (18,630 | ) | |||
Other comprehensive income/(loss): | |||||||||||
Unrealized gain/(loss) on marketable securities, net of tax | 742 | (1,475 | ) | 2,086 | |||||||
Reclassification adjustments for gains on securities included in net income | — | (14,096 | ) | — | |||||||
Unrealized (loss)/gain on interest rate swap, net of tax | (905 | ) | (5,847 | ) | 2,990 | ||||||
Reclassification adjustments for gains on terminated interest rate swap included in net income | — | (246 | ) | — | |||||||
Foreign currency translation adjustments | 5,921 | (12,612 | ) | (547 | ) | ||||||
Supplemental benefit plans adjustments, net of tax | (956 | ) | (1,983 | ) | 8,302 | ||||||
Total other comprehensive income/(loss) | 4,802 | (36,259 | ) | 12,831 | |||||||
Comprehensive income/(loss) | 116,450 | (109,888 | ) | (5,799 | ) | ||||||
Less: Comprehensive/(loss) income attributable to the noncontrolling interests | (645 | ) | 980 | 37,653 | |||||||
Comprehensive income/(loss) attributable to CoreLogic | $ | 117,095 | $ | (110,868 | ) | $ | (43,452 | ) |
(in thousands) | Common Stock Shares | Common Stock Amount | Additional Paid-in Capital | Retained Earnings | Accumulated Other Comprehensive Income (Loss) | Noncontrolling Interests (1) | Total | |||||||||||||
Balance at January 1, 2010 | 103,283 | $ | 1 | $ | 1,104,587 | $ | 2,204,921 | $ | (167,798 | ) | $ | 14,962 | $ | 3,156,673 | ||||||
Net loss | — | — | — | (56,300 | ) | — | (147 | ) | (56,447 | ) | ||||||||||
Separation distribution of FAFC | — | — | — | (1,828,605 | ) | 163,612 | (13,277 | ) | (1,678,270 | ) | ||||||||||
Purchase of CoreLogic shares | (1,637 | ) | — | (30,171 | ) | — | — | — | (30,171 | ) | ||||||||||
Shares and capital issued to FAFC | 12,933 | — | — | — | — | — | — | |||||||||||||
Dividends on common shares | — | — | — | (22,657 | ) | — | — | (22,657 | ) | |||||||||||
Shares issued in connection with share-based compensation | 920 | — | 11,674 | — | — | — | 11,674 | |||||||||||||
Tax withholdings related to net share settlements of restricted stock units | — | — | (4,677 | ) | — | — | — | (4,677 | ) | |||||||||||
Share-based compensation | — | — | 19,260 | — | — | — | 19,260 | |||||||||||||
Restricted stock unit dividend equivalents | — | — | 323 | (323 | ) | — | — | — | ||||||||||||
Purchase of subsidiary shares from and other decreases in noncontrolling interests | — | — | (3,266 | ) | — | — | (3,271 | ) | (6,537 | ) | ||||||||||
Sale of subsidiary shares to and other increases in noncontrolling interests | — | — | — | — | — | 2,363 | 2,363 | |||||||||||||
Distributions to noncontrolling interests | — | — | — | — | — | (355 | ) | (355 | ) | |||||||||||
Adjust redeemable noncontrolling interests to redemption value | — | — | 11,273 | — | — | — | 11,273 | |||||||||||||
Tax impact of buy-in of noncontrolling interest | — | — | 120,803 | — | — | — | 120,803 | |||||||||||||
Transfer of other comprehensive income to discontinued operations | — | — | — | — | (6,962 | ) | — | (6,962 | ) | |||||||||||
Other comprehensive income | — | — | — | — | 27,091 | 2,080 | 29,171 | |||||||||||||
Balance at December 31, 2010 | 115,499 | $ | 1 | $ | 1,229,806 | $ | 297,036 | $ | 15,943 | $ | 2,355 | $ | 1,545,141 | |||||||
Net loss/(income) | — | — | — | (74,609 | ) | — | 490 | (74,119 | ) | |||||||||||
Shares repurchased and retired | (9,516 | ) | — | (176,512 | ) | — | — | — | (176,512 | ) | ||||||||||
Shares issued in connection with share-based compensation | 561 | — | 3,087 | — | — | — | 3,087 | |||||||||||||
Tax withholdings related to net share settlements of restricted stock units | (2,023 | ) | (2,023 | ) | ||||||||||||||||
Share-based compensation | — | — | 11,821 | — | — | — | 11,821 | |||||||||||||
Distributions to noncontrolling interests | — | — | — | — | — | (545 | ) | (545 | ) | |||||||||||
Adjust redeemable noncontrolling interests to redemption value | — | — | (3,800 | ) | — | — | — | (3,800 | ) | |||||||||||
Income tax indemnification adjustment related to Separation distribution of FAFC | — | — | (8,932 | ) | — | — | — | (8,932 | ) | |||||||||||
Additional Separation distribution of FAFC | — | — | — | (13,038 | ) | — | — | (13,038 | ) | |||||||||||
Other comprehensive loss | — | — | — | — | (36,259 | ) | — | (36,259 | ) | |||||||||||
Balance at December 31, 2011 | 106,544 | $ | 1 | $ | 1,053,447 | $ | 209,389 | $ | (20,316 | ) | $ | 2,300 | $ | 1,244,821 | ||||||
Net income/(loss) | — | — | — | 112,293 | — | (645 | ) | 111,648 | ||||||||||||
Shares repurchased and retired | (10,029 | ) | — | (226,629 | ) | — | — | — | (226,629 | ) | ||||||||||
Shares issued in connection with share-based compensation | 1,183 | — | 13,497 | — | — | — | 13,497 | |||||||||||||
Tax withholdings related to net share settlements of restricted stock units | — | — | (3,466 | ) | — | — | — | (3,466 | ) | |||||||||||
Share-based compensation | — | — | 20,939 | — | — | — | 20,939 | |||||||||||||
Distributions to noncontrolling interests | — | — | — | — | — | (10 | ) | (10 | ) | |||||||||||
Additional Separation distribution of FAFC | — | — | 8,932 | (3,588 | ) | — | — | 5,344 | ||||||||||||
Other comprehensive income | — | — | — | — | 4,802 | — | 4,802 | |||||||||||||
Balance at December 31, 2012 | 97,698 | $ | 1 | $ | 866,720 | $ | 318,094 | $ | (15,514 | ) | $ | 1,645 | $ | 1,170,946 |
(in thousands) | 2012 | 2011 | 2010 | ||||||||
Cash flows from operating activities: | |||||||||||
Net income/(loss) | $ | 111,648 | $ | (73,629 | ) | $ | (18,630 | ) | |||
Less: Loss from discontinued operations, net of tax | (15,056 | ) | (127,124 | ) | (83,536 | ) | |||||
Less: Gain/(loss) from sale of discontinued operations, net of tax | 3,841 | — | (18,985 | ) | |||||||
Income from continuing operations, net of tax | 122,863 | 53,495 | 83,891 | ||||||||
Adjustments to reconcile net income from continuing operations to net cash provided by operating activities: | |||||||||||
Depreciation and amortization | 133,714 | 115,546 | 94,881 | ||||||||
Provision for bad debts and claim losses | 21,679 | 25,600 | 23,096 | ||||||||
Share-based compensation | 20,809 | 11,649 | 13,969 | ||||||||
Tax benefit related to stock options | (947 | ) | (363 | ) | (3,423 | ) | |||||
Equity in earnings of investee, net of taxes | (35,983 | ) | (30,270 | ) | (41,641 | ) | |||||
Loss on sale of property | 933 | (8,061 | ) | — | |||||||
Loss on early extinguishment of debt | 326 | 10,190 | — | ||||||||
Deferred income tax | 32,604 | (16,203 | ) | (6,149 | ) | ||||||
Loss/(gain) on investments and other, net | 2,516 | (60,005 | ) | 10,885 | |||||||
Change in operating assets and liabilities, net of acquisitions: | |||||||||||
Accounts receivable | (37,340 | ) | (15,893 | ) | (10,011 | ) | |||||
Prepaid expenses and other assets | 2,903 | (17,540 | ) | 5,413 | |||||||
Accounts payable and accrued expenses | 57,192 | (15,810 | ) | 95 | |||||||
Deferred revenue | 10,836 | (19,273 | ) | (22,543 | ) | ||||||
Due from FAFC | 621 | (18,718 | ) | 13,278 | |||||||
Income taxes | (15,707 | ) | 86,994 | (55,766 | ) | ||||||
Dividends received from investments in affiliates | 70,666 | 42,929 | 64,603 | ||||||||
Other assets and other liabilities | (25,386 | ) | 27,325 | (6,433 | ) | ||||||
Net cash provided by operating activities - continuing operations | 362,299 | 171,592 | 164,145 | ||||||||
Net cash provided by/(used in) operating activities - discontinued operations | 820 | (10,655 | ) | 42,049 | |||||||
Total cash provided by operating activities | $ | 363,119 | $ | 160,937 | $ | 206,194 | |||||
Cash flows from investing activities: | |||||||||||
Purchases of property and equipment | $ | (52,600 | ) | $ | (45,215 | ) | $ | (52,610 | ) | ||
Purchases of capitalized data and other intangible assets | (31,880 | ) | (27,009 | ) | (24,814 | ) | |||||
Cash paid for acquisitions, net of cash acquired | (78,354 | ) | (214,215 | ) | (9,228 | ) | |||||
Cash received from sale of subsidiary, net, including discontinued operations | 10,000 | 28,054 | 265,000 | ||||||||
Purchases of investments | — | (26,898 | ) | (27,284 | ) | ||||||
Proceeds from maturities of debt securities | — | — | 371 | ||||||||
Proceeds from sale of property and equipment | 1,882 | 25,042 | — | ||||||||
Proceeds from sale of investments | 8,000 | 74,621 | 26,386 | ||||||||
Issuance of notes receivable, net | — | — | (12,754 | ) | |||||||
Change in restricted cash | 86 | 2,091 | (21,095 | ) | |||||||
Net cash (used in)/provided by investing activities - continuing operations | (142,866 | ) | (183,529 | ) | 143,972 | ||||||
Net cash used in investing activities - discontinued operations | (4,066 | ) | (4,497 | ) | (82,729 | ) | |||||
Total cash (used in)/provided by investing activities | $ | (146,932 | ) | $ | (188,026 | ) | $ | 61,243 | |||
Cash flows from financing activities: | |||||||||||
Purchases of redeemable noncontrolling interests | $ | — | $ | (72,000 | ) | $ | (385,847 | ) | |||
Proceeds from long-term debt | 50,000 | 858,154 | 843,524 | ||||||||
Debt issuance costs | — | (22,810 | ) | (14,776 | ) | ||||||
Repayments of long-term debt | (166,715 | ) | (733,407 | ) | (713,643 | ) | |||||
Shares repurchased and retired | (226,629 | ) | (176,512 | ) | (30,171 | ) | |||||
Proceeds from issuance of stock related to stock options and employee benefit plans | 13,497 | 3,087 | 11,674 | ||||||||
Minimum tax withholding paid on behalf of employees for restricted stock units | (3,466 | ) | (2,023 | ) | (4,677 | ) | |||||
Distribution to noncontrolling interests | (10 | ) | (4,835 | ) | (27,800 | ) | |||||
Cash dividends | — | — | (22,657 | ) | |||||||
Tax benefit related to stock options | 947 | 363 | 3,423 | ||||||||
Net cash used in financing activities - continuing operations | (332,376 | ) | (149,983 | ) | (340,950 | ) | |||||
Net cash (used in)/provided by financing activities - discontinued operations | (71 | ) | 71 | 29,087 | |||||||
Total cash used in by financing activities | $ | (332,447 | ) | $ | (149,912 | ) | $ | (311,863 | ) | ||
Net decrease in cash and cash equivalents | (116,260 | ) | (177,001 | ) | (44,426 | ) | |||||
Cash and cash equivalents at beginning of year | 259,266 | 426,212 | 459,519 | ||||||||
Less: Change in cash and cash equivalents of discontinued operations | (3,317 | ) | (15,081 | ) | (11,593 | ) |
Plus: Cash swept from/(to) discontinued operations | 2,535 | (5,026 | ) | $ | (474 | ) | |||||
Cash and cash equivalents at end of year | $ | 148,858 | $ | 259,266 | $ | 426,212 | |||||
Supplemental disclosures of cash flow information: | |||||||||||
Cash paid for interest | $ | 51,828 | $ | 57,851 | $ | 37,631 | |||||
Cash paid for income taxes | $ | 71,283 | $ | 36,480 | $ | 58,008 | |||||
Cash refunds from income taxes | $ | 18,330 | $ | 50,157 | $ | 32,497 | |||||
Non-cash investing and financing activities: | |||||||||||
Distribution of FAFC to stockholders | $ | — | $ | — | $ | 1,678,270 | |||||
Adjustment of carrying value of mandatorily redeemable noncontrolling interest | $ | — | $ | (3,800 | ) | $ | 11,273 | ||||
Tax impact of buy-in of noncontrolling interest | $ | — | $ | — | $ | 120,803 | |||||
Note payable issued for the acquisition of affiliates | $ | — | $ | 12,700 | $ | — | |||||
Promissory Note due to First American Financial Corporation | $ | — | $ | — | $ | 19,900 |
(in thousands) | 2012 | 2011 | |||||
Land | $ | 4,000 | $ | 13,204 | |||
Buildings | 10,780 | 13,396 | |||||
Furniture and equipment | 89,870 | 104,081 | |||||
Capitalized software | 470,469 | 449,990 | |||||
Leasehold improvements | 47,879 | 42,873 | |||||
622,998 | 623,544 | ||||||
Less accumulated depreciation | (436,381 | ) | (409,307 | ) | |||
Property and equipment, net | $ | 186,617 | $ | 214,237 |
(in thousands) | 2012 | 2011 | |||||
Property data | $ | 417,565 | $ | 373,333 | |||
Flood data | 52,916 | 52,916 | |||||
Eviction data | 15,588 | 18,267 | |||||
486,069 | 444,516 | ||||||
Less accumulated amortization | (163,780 | ) | (140,510 | ) | |||
Capitalized data and database costs, net | $ | 322,289 | $ | 304,006 |
(in thousands) | 2012 | 2011 | |||||
Balance sheets | |||||||
Total assets | $ | 64,960 | $ | 78,104 | |||
Total liabilities | $ | 47,538 | $ | 47,164 |
(in thousands) | 2012 | 2011 | 2010 | ||||||||
Statements of operations | |||||||||||
Total revenues | $ | 465,227 | $ | 391,500 | $ | 472,646 | |||||
Expenses and other | 377,455 | 304,444 | 347,652 | ||||||||
Net income attributable to RELS LLC | $ | 87,772 | $ | 87,056 | $ | 124,994 | |||||
CLGX equity in earnings of affiliate | $ | 43,974 | $ | 43,615 | $ | 62,622 |
(in thousands) | Data and Analytics | Mortgage Origination Services | Asset Management and Processing Solutions | Consolidated | |||||||||||
Balance at January 1, 2011 | — | ||||||||||||||
Goodwill | $ | 484,907 | $ | 663,097 | $ | 149,409 | $ | 1,297,413 | |||||||
Accumulated impairment losses | (600 | ) | (6,925 | ) | — | (7,525 | ) | ||||||||
Goodwill, net | 484,307 | 656,172 | 149,409 | 1,289,888 | |||||||||||
Acquisitions | 172,419 | 19,664 | — | 192,083 | |||||||||||
Translation adjustments | (7,678 | ) | — | (7,678 | ) | ||||||||||
Other | (2,087 | ) | — | (2,087 | ) | ||||||||||
Balance at December 31, 2011 | |||||||||||||||
Goodwill, net | 649,048 | 673,749 | 149,409 | 1,472,206 | |||||||||||
Acquisitions | 33,875 | — | — | 33,875 | |||||||||||
Translation adjustments | 3,805 | — | — | 3,805 | |||||||||||
Spatial reclassification | 28,401 | (28,401 | ) | — | — | ||||||||||
Post acquisition adjustments | (7,152 | ) | (114 | ) | — | (7,266 | ) | ||||||||
Other | — | 1,612 | — | 1,612 | |||||||||||
Balance at December 31, 2012 | |||||||||||||||
Goodwill, net | $ | 707,977 | $ | 646,846 | $ | 149,409 | $ | 1,504,232 |
2012 | 2011 | ||||||||||||||||||||||
(in thousands) | Gross | Accumulated Amortization | Net | Gross | Accumulated Amortization | Net | |||||||||||||||||
Customer lists | $ | 286,164 | $ | (137,782 | ) | $ | 148,382 | $ | 276,112 | $ | (132,109 | ) | $ | 144,003 | |||||||||
Non-compete agreements | 9,264 | (5,438 | ) | 3,826 | 7,898 | (6,231 | ) | 1,667 | |||||||||||||||
Trade names and licenses | 27,853 | (8,477 | ) | 19,376 | 24,402 | (5,707 | ) | 18,695 | |||||||||||||||
$ | 323,281 | $ | (151,697 | ) | $ | 171,584 | $ | 308,412 | $ | (144,047 | ) | $ | 164,365 |
(in thousands) | |||
2013 | $ | 28,574 | |
2014 | 21,440 | ||
2015 | 19,518 | ||
2016 | 17,995 | ||
2017 | 17,294 | ||
Thereafter | 66,763 | ||
$ | 171,584 |
(in thousands) | 2012 | 2011 | ||||||
Acquisition-related notes: | ||||||||
Non-interest bearing acquisition note due in $5.0 million installments March 2014 and 2016 | $ | 8,753 | $ | 13,209 | ||||
Notes: | ||||||||
7.25% senior notes due June 2021 | 393,000 | 400,000 | ||||||
5.7% senior debentures due August 2014 | 825 | 1,175 | ||||||
7.55% senior debentures due April 2028 | 59,645 | 59,645 | ||||||
8.5% deferrable interest subordinated notes | — | 34,768 | ||||||
Bank debt: | ||||||||
Revolving line of credit borrowings due March 2016, weighted average interest rate of 1.9% for 2012 and 6.8% for 2011 | 50,000 | 51,045 | ||||||
Term loan facility borrowings through March 2016, weighted average interest rate of 4.0% | 280,000 | 341,250 | ||||||
Other debt: | ||||||||
Various interest rates with maturities through 2014 | 203 | 7,203 | ||||||
Total long-term debt | 792,426 | 908,295 | ||||||
Less current portion of long-term debt | 102 | 62,268 | ||||||
Long-term debt, net of current portion | $ | 792,324 | $ | 846,027 |
(in thousands) | |||
Year ending December 31, | |||
2013 | $ | 102 | |
2014 | 32,176 | ||
2015 | 52,500 | ||
2016 | 256,250 | ||
2017 | — | ||
Thereafter | 452,645 | ||
Total (1) | $ | 793,673 |
(1) | Includes the acquisition related remaining note payable of $10.0 million, which is non-interest and discounted to $8.8 million as of December 31, 2012. |
2012 | 2011 | 2010 | ||||||||||||
Continuing Operations Attributable to CoreLogic | Equity In Earnings of Affiliates | Continuing Operations Attributable to CoreLogic | Equity In Earnings of Affiliates | Continuing Operations Attributable to CoreLogic | Equity In Earnings of Affiliates | |||||||||
United States | 169,996 | 56,928 | 91,168 | 49,180 | 29,702 | 69,383 | ||||||||
Foreign | (2,075 | ) | 1,153 | (1,748 | ) | 315 | 12,812 | — | ||||||
Total | 167,921 | 58,081 | 89,420 | 49,495 | 42,514 | 69,383 |
(in thousands) | 2012 | 2011 | 2010 | |||||||||||||||||
Continuing Operations Attributable to CoreLogic | Equity In Earnings of Affiliates | Continuing Operations Attributable to CoreLogic | Equity In Earnings of Affiliates | Continuing Operations Attributable to CoreLogic | Equity In Earnings of Affiliates | |||||||||||||||
Current: | ||||||||||||||||||||
Federal | $ | 39,683 | $ | 18,929 | $ | 50,105 | $ | 16,180 | $ | 11,297 | $ | 22,422 | ||||||||
State | 7,823 | 2,846 | 9,464 | 2,951 | 14,431 | 5,320 | ||||||||||||||
Foreign | (3,358 | ) | 323 | 13,670 | 94 | 634 | — | |||||||||||||
44,148 | 22,098 | 73,239 | 19,225 | 26,362 | 27,742 | |||||||||||||||
Deferred: | ||||||||||||||||||||
Federal | 24,111 | — | (1,799 | ) | — | 11,446 | — | |||||||||||||
State | 2,442 | — | (267 | ) | — | (4,576 | ) | — | ||||||||||||
Foreign | 9,695 | — | (3,998 | ) | — | (2,909 | ) | — | ||||||||||||
36,248 | — | (6,064 | ) | — | 3,961 | — | ||||||||||||||
Total Income Tax Provision/(Benefit) | $ | 80,396 | $ | 22,098 | $ | 67,175 | $ | 19,225 | $ | 30,323 | $ | 27,742 |
(in thousands) | 2012 | 2011 | 2010 | |||||||||||
Continuing Operations Attributable to CoreLogic | Equity In Earnings of Affiliates | Continuing Operations Attributable to CoreLogic | Equity In Earnings of Affiliates | Continuing Operations Attributable to CoreLogic | Equity In Earnings of Affiliates | |||||||||
Federal statutory income tax rate | 35.0 | % | 35.0 | % | 35.0 | % | 35.0 | % | 35.0 | % | 35.0 | % | ||
State taxes, net of federal benefit | 5.3 | % | 3.2 | % | 6.7 | % | 3.9 | % | 15.1 | % | 5.0 | % | ||
Foreign taxes (less than) in excess of federal rate | 3.7 | % | (0.1 | )% | (0.5 | )% | — | % | (2.6 | )% | — | % | ||
Non-deductible expenses, including Separation-related | 0.2 | % | — | % | 0.7 | % | — | % | 15.1 | % | — | % | ||
Gain on disposition of subsidiary | — | % | — | % | 12.7 | % | — | % | — | % | — | % | ||
Change from investee to subsidiary | — | % | — | % | 13.7 | % | — | % | — | % | — | % | ||
Change in uncertain tax positions | 0.1 | % | — | % | 5.1 | % | — | % | 3.2 | % | — | % | ||
Other items, net | 3.6 | % | — | % | 1.6 | % | — | % | 5.5 | % | — | % | ||
Effective Income Tax Rate | 47.9 | % | 38.1 | % | 75.0 | % | 38.9 | % | 71.3 | % | 40.0 | % |
(in thousands) | 2012 | 2011 | |||||
Deferred tax assets: | |||||||
Federal net operating loss capital loss and credit carryforwards | $ | 45,259 | $ | 65,168 | |||
Deferred revenue | 114,770 | 137,688 | |||||
Bad debt reserves | 8,483 | 7,119 | |||||
Employee benefits | 47,479 | 43,684 | |||||
Accrued expenses and loss reserves | 35,303 | 29,384 | |||||
Other | 9,877 | 2,519 | |||||
Less: valuation allowance | (30,955 | ) | (29,389 | ) | |||
230,216 | 256,173 | ||||||
Deferred tax liabilities: | |||||||
Depreciable and amortizable assets | 182,283 | 186,260 | |||||
Investment in affiliates | 20,457 | 10,407 | |||||
202,740 | 196,667 | ||||||
Net deferred tax asset/(liability) | $ | 27,476 | $ | 59,506 |
(In thousands) | 2012 | 2011 | |||||
Unrecognized Tax Benefits - Opening Balance | $ | 19,302 | $ | 22,590 | |||
Gross Increases - tax positions in prior period | 33,787 | 19 | |||||
Gross decreases - tax positions in prior period | (21 | ) | (8,899 | ) | |||
Gross increases - current-period tax positions | — | 5,727 | |||||
Settlements with taxing authorities | (163 | ) | — | ||||
Expiration of the statute of limitations for the assessment of taxes | (251 | ) | (135 | ) | |||
Unrecognized Tax Benefits - Ending Balance | $ | 52,654 | $ | 19,302 |
(in thousands, except per share amounts) | 2012 | 2011 | 2010 | ||||||||
Numerator for basic and diluted net income/(loss) per share: | |||||||||||
Income from continuing operations, net of tax | $ | 123,508 | $ | 52,515 | $ | 46,221 | |||||
Loss from discontinued operations, net of tax | (15,056 | ) | (127,124 | ) | (83,536 | ) | |||||
Gain/(loss) from sale of discontinued operations, net of tax | 3,841 | — | (18,985 | ) | |||||||
Net income/(loss) attributable to CoreLogic | $ | 112,293 | $ | (74,609 | ) | $ | (56,300 | ) | |||
Denominator: | |||||||||||
Weighted-average shares for basic income/(loss) per share | 102,913 | 109,122 | 111,529 | ||||||||
Dilutive effect of stock options and restricted stock units | 1,137 | 590 | 834 | ||||||||
Weighted-average shares for diluted income/(loss) per share | 104,050 | 109,712 | 112,363 | ||||||||
Income/(loss) per share | |||||||||||
Basic: | |||||||||||
Income from continuing operations, net of tax | $ | 1.20 | $ | 0.48 | $ | 0.41 | |||||
Loss from discontinued operations, net of tax | (0.15 | ) | (1.16 | ) | (0.75 | ) | |||||
Gain/(loss) from sale of discontinued operations, net of tax | 0.04 | — | (0.17 | ) | |||||||
Net income/(loss) attributable to CoreLogic | $ | 1.09 | $ | (0.68 | ) | $ | (0.51 | ) | |||
Diluted: | |||||||||||
Income from continuing operations, net of tax | $ | 1.19 | $ | 0.48 | $ | 0.41 | |||||
Loss from discontinued operations, net of tax | (0.14 | ) | (1.16 | ) | (0.74 | ) | |||||
Gain/(loss) from sale of discontinued operations, net of tax | 0.04 | — | (0.17 | ) | |||||||
Net income/(loss) attributable to CoreLogic | $ | 1.09 | $ | (0.68 | ) | $ | (0.50 | ) |
(in thousands) | 2012 | 2011 | |||||
Change in projected benefit obligation: | |||||||
Benefit obligation at beginning of period | $ | 30,659 | $ | 26,954 | |||
Addition of CDS Mapping | 1,044 | — | |||||
Service costs | 932 | 565 | |||||
Interest costs | 1,386 | 1,434 | |||||
Actuarial losses | 1,647 | 3,058 | |||||
Benefits paid | (1,566 | ) | (1,352 | ) | |||
Projected benefit obligation at end of period | 34,102 | 30,659 | |||||
Change in plan assets: | |||||||
Addition of CDS Mapping | $ | 654 | $ | — | |||
Actual return on plan assets | 59 | — | |||||
Company contributions | 2,285 | 1,352 | |||||
Benefits paid | (1,566 | ) | (1,352 | ) | |||
Plan assets at fair value at end of the period | 1,432 | — | |||||
Reconciliation of funded status: | |||||||
Unfunded status of the plans | $ | (32,670 | ) | $ | (30,659 | ) | |
Amounts recognized in the consolidated balance sheet consist of: | |||||||
Accrued benefit liability | $ | (32,678 | ) | $ | (30,659 | ) | |
Pension plan asset | $ | 8 | $ | — | |||
$ | (32,670 | ) | $ | (30,659 | ) | ||
Amounts recognized in accumulated other comprehensive income/(loss): | |||||||
Unrecognized net actuarial loss | $ | 15,998 | $ | 15,565 | |||
Unrecognized prior service credit | (9,064 | ) | (10,209 | ) | |||
$ | 6,934 | $ | 5,356 |
(in thousands) | 2012 | 2011 | 2010 | ||||||||
Expenses: | |||||||||||
Service costs | $ | 932 | $ | 565 | $ | 2,743 | |||||
Interest costs | 1,386 | 1,435 | 7,300 | ||||||||
Expected return on plan assets | (41 | ) | — | — | |||||||
Amortization of net loss | 80 | (76 | ) | 3,680 | |||||||
Net periodic benefit cost | $ | 2,357 | $ | 1,924 | $ | 13,723 |
2012 | 2011 | 2010 | |||
SERP Plans | 4.52 | % | 5.50% | 5.81% | |
Restoration Plan | 4.57 | % | 5.33% | 5.81% | |
CDS Mapping | 4.00 | % | N/A | N/A |
2012 | 2011 | 2010 | ||
SERP Plans | ||||
Discount rate | 3.89% | 4.52% | 5.50% | |
Salary increase rate | N/A | N/A | N/A | |
Restoration Plan | ||||
Discount rate | 4.02% | 4.57% | 5.53% | |
CDS Mapping | ||||
Discount rate | 4.00% | N/A | N/A | |
Salary increase rate | N/A | N/A | N/A |
(in thousands) | 2012 | 2011 | 2010 | |||||||
Projected benefit obligation | $ | 34,102 | $ | 30,660 | $ | 26,954 | ||||
Accumulated benefit obligation | $ | 34,102 | $ | 30,660 | $ | 26,954 | ||||
Plan assets at fair value at end of year | $ | — | $ | — | $ | — |
(in thousands) | ||||
2013 | $ | 3,399 | ||
2014 | 1,900 | |||
2015 | 1,882 | |||
2016 | 1,336 | |||
2017 | 1,316 | |||
2018-2021 | 6,881 | |||
$ | 16,714 |
Fair Value Measurements Using | |||||||||||||||
(in thousands) | Level 1 | Level 2 | Level 3 | Fair Value | |||||||||||
Financial Assets: | |||||||||||||||
Cash and cash equivalents | $ | 148,858 | $ | — | $ | — | $ | 148,858 | |||||||
Restricted cash | — | 22,117 | — | 22,117 | |||||||||||
Equity securities | 22,168 | — | — | 22,168 | |||||||||||
Total Financial Assets | $ | 171,026 | $ | 22,117 | $ | — | $ | 193,143 | |||||||
Financial Liabilities: | |||||||||||||||
Total debt | — | 899,258 | — | 899,258 | |||||||||||
Total Financial Liabilities | $ | — | $ | 899,258 | $ | — | $ | 899,258 | |||||||
Derivatives: | |||||||||||||||
Asset for interest rate swap agreements | $ | — | $ | 6,486 | $ | — | $ | 6,486 |
Fair Value Measurements Using | |||||||||||||||
(in thousands) | Level 1 | Level 2 | Level 3 | Fair Value | |||||||||||
Financial Assets: | |||||||||||||||
Cash and cash equivalents | $ | 259,266 | $ | — | $ | — | $ | 259,266 | |||||||
Restricted cash | — | 22,044 | — | 22,044 | |||||||||||
Equity securities | 20,884 | — | — | 20,884 | |||||||||||
Total Financial Assets | $ | 280,150 | $ | 22,044 | $ | — | $ | 302,194 | |||||||
Financial Liabilities: | |||||||||||||||
Total debt | — | 828,990 | — | 828,990 | |||||||||||
Total Financial Liabilities | $ | — | $ | 828,990 | $ | — | $ | 828,990 | |||||||
Derivatives: | |||||||||||||||
Liability for interest rate swap agreements | $ | — | $ | 5,078 | $ | — | $ | 5,078 |
Fair Value Measurements Using | |||||||||||||||||||
Level 1 | Level 2 | Level 3 | Impairment Losses | ||||||||||||||||
Assets of discontinued operations | $ | 794 | $ | 794 | $ | — | $ | — | $ | 16,168 | |||||||||
Property and equipment, net | — | — | — | — | 21,047 | ||||||||||||||
Other intangible assets, net | — | — | — | — | 1,425 | ||||||||||||||
Investment in affiliates, net | — | — | — | — | 1,246 | ||||||||||||||
$ | 794 | $ | 794 | $ | — | $ | — | $ | 39,886 |
Fair Value Measurements Using | |||||||||||||||||||
Level 1 | Level 2 | Level 3 | Impairment Losses | ||||||||||||||||
Assets of discontinued operations | $ | 55,516 | $ | 35,603 | $ | — | $ | 19,913 | $ | 166,588 | |||||||||
Property and equipment, net | — | — | — | — | 5,706 | ||||||||||||||
Other intangible assets, net | — | — | — | — | 3,643 | ||||||||||||||
Investment in affiliates, net | 7,786 | — | — | 7,786 | 30,722 | ||||||||||||||
$ | 63,302 | $ | 35,603 | $ | — | $ | 27,699 | $ | 206,659 |
Fair Value Measurements Using | |||||||||||||||||||
Level 1 | Level 2 | Level 3 | Impairment Losses | ||||||||||||||||
Assets of discontinued operations | $ | 270,293 | $ | 92,350 | $ | — | $ | 177,943 | $ | 176,768 | |||||||||
Property and equipment, net | — | — | — | — | 926 | ||||||||||||||
Other intangible assets, net | — | — | — | — | 412 | ||||||||||||||
Investment in affiliates, net | 18,383 | — | — | 18,383 | 16,301 | ||||||||||||||
$ | 288,676 | $ | 92,350 | $ | — | $ | 196,326 | $ | 194,407 |
(in thousands, except weighted average fair value prices) | Number of Shares | Weighted Average Grant-Date Fair Value | ||||
Unvested RSUs outstanding at December 31, 2011 | 1,193 | $ | 17.74 | |||
RSUs granted | 781 | $ | 17.36 | |||
RSUs vested | (516 | ) | $ | 17.95 | ||
RSUs forfeited | (77 | ) | $ | 16.78 | ||
Unvested RSUs outstanding at December 31, 2012 | 1,381 | $ | 17.50 |
(in thousands, except weighted average fair value prices) | Number of Shares | Weighted Average Grant-Date Fair Value | ||||
Unvested PBRSUs outstanding at December 31, 2011 | 988 | $ | 17.71 | |||
PBRSUs granted | 348 | $ | 16.12 | |||
PBRSUs vested | (103 | ) | $ | 17.76 | ||
PBRSUs forfeited | (81 | ) | $ | 17.95 | ||
Unvested PBRSUs outstanding at December 31, 2012 | 1,152 | $ | 17.21 |
2012 | 2011 | ||||
Expected dividend yield | 0 | % | 0 | % | |
Risk-free interest rate (1) | 1.00 | % | 1.84 | % | |
Expected volatility (2) | 42.81 | % | 33.19 | % | |
Expected life (3) | 5.5 | 5.5 |
(1) | The risk-free interest rate for the periods within the contractual term of the options is based on the U.S. Treasury yield curve in effect at the time of the grant. |
(2) | The expected volatility is a measure of the amount by which a stock price has fluctuated or is expected to fluctuate based primarily on our and our peers' historical data. |
(3) | The expected life is the period of time, on average, that participants are expected to hold their options before exercise based primarily on our historical data. |
(in thousands, except weighted average prices) | Number of Shares | Weighted Average Exercise Price | Weighted Average Remaining Contractual Term | Aggregate Intrinsic Value | |||||||||
Options outstanding at December 31, 2011 | 4,601 | $ | 20.78 | ||||||||||
Options granted | 581 | $ | 16.00 | ||||||||||
Options exercised | (744 | ) | $ | 18.99 | |||||||||
Options canceled | (673 | ) | $ | 21.55 | |||||||||
Options outstanding at December 31, 2012 | 3,765 | $ | 20.18 | 5.4 | $ | 25,422 | |||||||
Options vested and expected to vest at December 31, 2012 | 3,726 | $ | 20.22 | 5.4 | $ | 25,007 | |||||||
Options exercisable at December 31, 2012 | 2,242 | $ | 22.33 | 3.6 | $ | 10,337 |
(in thousands) | 2012 | 2011 | 2010 | ||||||||
Restricted stock units | $ | 9,988 | $ | 7,141 | $ | 9,979 | |||||
Performance-based restricted stock units | 7,050 | 1,779 | 2,098 | ||||||||
Stock options | 3,664 | 2,430 | 1,469 | ||||||||
Employee stock purchase plan | 107 | 299 | 423 | ||||||||
$ | 20,809 | $ | 11,649 | $ | 13,969 |
(in thousands) | |||
2013 | $ | 41,583 | |
2014 | 28,694 | ||
2015 | 24,530 | ||
2016 | 20,795 | ||
2017 | 10,782 | ||
Thereafter | 26,196 | ||
$ | 152,580 |
(in thousands) | Data Analytics | Mortgage Origination Services | Asset Management and Processing Solutions | |||||||||||||||||||||||||
As of December 31, 2012 | FAFC | ELI | Marketing | Consumer | Appraisal | Transportation | Total | |||||||||||||||||||||
Total assets | $ | — | $ | — | $ | 204 | $ | 251 | $ | 337 | $ | 2 | $ | 794 | ||||||||||||||
Total liabilities | $ | — | $ | — | $ | 776 | $ | 691 | $ | 1,920 | $ | (35 | ) | $ | 3,352 | |||||||||||||
As of December 31, 2011 | ||||||||||||||||||||||||||||
Current assets | $ | — | $ | — | $ | 3,380 | $ | 14,833 | $ | 1,038 | $ | 13,252 | $ | 32,503 | ||||||||||||||
Property and equipment, net | — | — | — | 114 | 911 | 1,967 | 2,992 | |||||||||||||||||||||
Goodwill and other identifiable intangible assets, net | — | — | — | 2,109 | 13,959 | 3,845 | 19,913 | |||||||||||||||||||||
Other assets | — | — | — | — | — | 108 | 108 | |||||||||||||||||||||
Total assets | $ | — | $ | — | $ | 3,380 | $ | 17,056 | $ | 15,908 | $ | 19,172 | $ | 55,516 | ||||||||||||||
Total liabilities | $ | — | $ | — | $ | (2,210 | ) | $ | 11,849 | $ | 10,907 | $ | 6,853 | $ | 27,399 |
(in thousands) | Data and Analytics | Mortgage Origination Services | Asset Management and Processing Solutions | |||||||||||||||||||||||||
For the year ended December 31, 2012 | FAFC | ELI | Marketing | Consumer | Appraisal | Transportation | Total | |||||||||||||||||||||
Operating revenue | $ | — | $ | — | $ | — | $ | 55,773 | $ | 25,137 | $ | 46,435 | $ | 127,345 | ||||||||||||||
(Loss)/income from discontinued operations before income taxes | — | — | (122 | ) | 5,026 | (21,375 | ) | (1,786 | ) | (18,257 | ) | |||||||||||||||||
(Benefit)/provision for income taxes | — | — | 4,891 | 15 | (5,186 | ) | (2,921 | ) | (3,201 | ) | ||||||||||||||||||
(Loss)/income, net of tax | — | — | (5,013 | ) | 5,011 | (16,189 | ) | 1,135 | (15,056 | ) | ||||||||||||||||||
(Loss)/income from discontinued operations, net of tax | $ | — | $ | — | $ | (5,013 | ) | $ | 5,011 | $ | (16,189 | ) | $ | 1,135 | $ | (15,056 | ) | |||||||||||
For the year ended December 31, 2011 | ||||||||||||||||||||||||||||
Operating revenue | $ | — | $ | — | $ | 29,399 | $ | 94,755 | $ | 69,890 | $ | 66,115 | $ | 260,159 | ||||||||||||||
Income/(loss) from discontinued operations before income taxes | — | — | (164,094 | ) | (10,453 | ) | (20,178 | ) | (2,472 | ) | (197,197 | ) | ||||||||||||||||
Provision/(benefit) for income taxes | — | — | (61,947 | ) | (2,205 | ) | (6,172 | ) | 251 | (70,073 | ) | |||||||||||||||||
Income/(benefit), net of tax | — | — | (102,147 | ) | (8,248 | ) | (14,006 | ) | (2,723 | ) | (127,124 | ) | ||||||||||||||||
Income/(loss) from discontinued operations, net of tax | $ | — | $ | — | $ | (102,147 | ) | $ | (8,248 | ) | $ | (14,006 | ) | $ | (2,723 | ) | $ | (127,124 | ) | |||||||||
For the year ended December 31, 2010 | ||||||||||||||||||||||||||||
Operating revenue | $ | 1,490,501 | $ | 242,895 | $ | 44,221 | $ | 89,573 | $ | 141,856 | $ | 67,346 | $ | 2,076,392 | ||||||||||||||
Income/(loss) from discontinued operations before income taxes | 76,323 | (166,064 | ) | (11,777 | ) | 11,950 | 8,304 | 1,432 | (79,832 | ) | ||||||||||||||||||
Provision/(benefit) for income taxes | 33,222 | (27,433 | ) | (10,340 | ) | 4,780 | 3,321 | 573 | 4,123 | |||||||||||||||||||
Income/(loss), net of tax | 43,101 | (138,631 | ) | (1,437 | ) | 7,170 | 4,983 | 859 | (83,955 | ) | ||||||||||||||||||
Less: Net income attributable to noncontrolling interests | (419 | ) | — | — | — | — | — | (419 | ) | |||||||||||||||||||
Income/(loss) from discontinued operations, net of tax | $ | 43,520 | $ | (138,631 | ) | $ | (1,437 | ) | $ | 7,170 | $ | 4,983 | $ | 859 | $ | (83,536 | ) |
(in thousands) | ||||||||||||||||||||||||
For the year ended December 31, 2012 | Data and Analytics | Mortgage Origination Services | Asset Management and Processing Solutions | Corporate | Eliminations | Consolidated (excluding discontinued operations) | ||||||||||||||||||
Operating revenue | $ | 616,110 | $ | 635,615 | $ | 335,224 | $ | 640 | $ | (19,956 | ) | $ | 1,567,633 | |||||||||||
Depreciation and amortization | 72,391 | 26,013 | 11,930 | 23,515 | (135 | ) | 133,714 | |||||||||||||||||
Operating income/(loss) | 109,023 | 171,495 | 48,100 | (106,493 | ) | 135 | 222,260 | |||||||||||||||||
Equity in earnings of affiliates, net of tax | 2,197 | 55,571 | — | (21,785 | ) | — | 35,983 | |||||||||||||||||
Net income/(loss) from continuing operations | 112,155 | 226,738 | 48,384 | (264,549 | ) | 135 | 122,863 | |||||||||||||||||
Capital expenditures | 54,845 | 14,739 | 4,025 | $ | 10,871 | — | 84,480 | |||||||||||||||||
For the year ended December 31, 2011 | ||||||||||||||||||||||||
Operating revenue | $ | 548,146 | $ | 482,076 | $ | 329,273 | $ | 41,789 | $ | (62,737 | ) | $ | 1,338,547 | |||||||||||
Depreciation and amortization | 67,230 | 22,510 | 7,484 | 19,163 | (841 | ) | 115,546 | |||||||||||||||||
Operating income/(loss) | 75,437 | 71,842 | 45,086 | (104,521 | ) | 841 | 88,685 | |||||||||||||||||
Equity in earnings of affiliates, net of tax | 1,512 | 47,673 | (245 | ) | (18,670 | ) | — | 30,270 | ||||||||||||||||
Net income/(loss) from continuing operations | 75,763 | 120,891 | 44,310 | $ | (188,310 | ) | 841 | 53,495 | ||||||||||||||||
Capital expenditures | 43,506 | 12,528 | 4,062 | 12,128 | — | 72,224 | ||||||||||||||||||
For the year ended December 31, 2010 | ||||||||||||||||||||||||
Operating revenue | $ | 463,513 | $ | 466,117 | $ | 368,536 | 59,125 | $ | (77,015 | ) | $ | 1,280,276 | ||||||||||||
Depreciation and amortization | 48,722 | 17,844 | 5,446 | 23,676 | (807 | ) | 94,881 | |||||||||||||||||
Operating income/(loss) | 88,260 | 82,775 | 77,205 | (135,364 | ) | 807 | 113,683 | |||||||||||||||||
Equity in earnings of affiliates, net of tax | 4,606 | 64,588 | 755 | (28,308 | ) | — | 41,641 | |||||||||||||||||
Net Income/(loss) from continuing operations | 92,853 | 147,663 | 81,310 | (238,742 | ) | 807 | 83,891 | |||||||||||||||||
Capital expenditures | 33,819 | 8,698 | 2,658 | 32,249 | — | 77,424 |
(in thousands) | ||||||||||||||||||||||||
As of December 31, 2012 | Data and Analytics | Mortgage Origination Services | Asset Management and Processing Solutions | Corporate | Eliminations | Consolidated (excluding discontinued operations) | ||||||||||||||||||
Investment in affiliates, net | $ | 14,206 | $ | 72,977 | $ | — | $ | 7,044 | $ | — | $ | 94,227 | ||||||||||||
Long-lived assets | 1,229,973 | 876,765 | 167,382 | 4,068,246 | (3,902,463 | ) | 2,439,903 | |||||||||||||||||
Total assets | 1,375,775 | 1,000,382 | 211,515 | 4,344,263 | (3,902,902 | ) | 3,029,033 | |||||||||||||||||
As of December 31, 2011 | ||||||||||||||||||||||||
Investment in affiliates, net | $ | 24,398 | $ | 79,538 | $ | — | $ | 9,873 | $ | — | $ | 113,809 | ||||||||||||
Long-lived assets | 1,175,596 | 895,268 | 177,122 | 3,836,042 | (3,668,241 | ) | 2,415,787 | |||||||||||||||||
Total assets | 1,283,568 | 1,003,937 | 226,034 | 4,218,145 | (3,668,500 | ) | 3,063,184 |
Year ending December 31, | |||||||||||||||||||||||
(in thousands) | 2012 | 2011 | 2010 | ||||||||||||||||||||
Domestic | Foreign | Domestic | Foreign | Domestic | Foreign | ||||||||||||||||||
Data and Analytics | $ | 525,691 | $ | 90,419 | $ | 490,817 | $ | 57,329 | $ | 457,182 | $ | 6,331 | |||||||||||
Mortgage Origination Services | 635,375 | 240 | 481,837 | 239 | 466,065 | 52 | |||||||||||||||||
Asset Management and Processing Solutions | 335,224 | — | 329,273 | — | 368,536 | — | |||||||||||||||||
Corporate | — | 640 | 484 | 41,305 | 5,896 | 53,229 | |||||||||||||||||
Eliminations | (19,956 | ) | — | (62,737 | ) | — | (77,015 | ) | — | ||||||||||||||
Consolidated | $ | 1,476,334 | $ | 91,299 | $ | 1,239,674 | $ | 98,873 | $ | 1,220,664 | $ | 59,612 |
As of December 31, | |||||||||||||||
(in thousands) | 2012 | 2011 | |||||||||||||
Domestic | Foreign | Domestic | Foreign | ||||||||||||
Data and Analytics | 878,783 | 351,190 | 821,748 | 353,848 | |||||||||||
Mortgage Origination Services | 876,761 | 4 | 895,227 | 41 | |||||||||||
Asset Management and Processing Solutions | 167,382 | — | 177,122 | — | |||||||||||
Corporate | 3,451,958 | 616,288 | 3,337,556 | 498,486 | |||||||||||
Eliminations | (3,286,202 | ) | (616,261 | ) | (3,169,785 | ) | (498,456 | ) | |||||||
Consolidated (excluding assets for discontinued operations) | $ | 2,088,682 | $ | 351,221 | $ | 2,061,868 | $ | 353,919 |
Condensed Balance Sheet | ||||||||||||||||||||
As of December 31, 2012 | ||||||||||||||||||||
Parent | Guarantor Subsidiaries | Non-Guarantor Subsidiaries | Consolidating/Eliminating Adjustments | Total | ||||||||||||||||
Assets: | ||||||||||||||||||||
Cash and cash equivalents | $ | 111,305 | $ | 1,812 | $ | 35,741 | $ | — | $ | 148,858 | ||||||||||
Other current assets | 59,977 | 364,178 | 17,352 | (441 | ) | 441,066 | ||||||||||||||
Property and equipment, net | 14,921 | 139,831 | 31,865 | — | 186,617 | |||||||||||||||
Goodwill, net | — | 1,323,700 | 180,532 | — | 1,504,232 | |||||||||||||||
Other intangible assets, net | — | 123,011 | 48,573 | — | 171,584 | |||||||||||||||
Capitalized data and database cost, net | — | 238,598 | 83,691 | — | 322,289 | |||||||||||||||
Investment in affiliates, net | — | 88,647 | 5,580 | — | 94,227 | |||||||||||||||
Deferred income tax assets, long-term | 59,523 | — | — | (59,523 | ) | — | ||||||||||||||
Restricted cash | 18,299 | 305 | 3,513 | — | 22,117 | |||||||||||||||
Investment in subsidiaries | 1,853,561 | — | — | (1,853,561 | ) | — | ||||||||||||||
Intercompany receivable | 65,885 | 125,587 | — | (191,472 | ) | — | ||||||||||||||
Other assets | 107,976 | 28,420 | 2,441 | — | 138,837 | |||||||||||||||
Total assets | $ | 2,291,447 | $ | 2,434,089 | $ | 409,288 | $ | (2,104,997 | ) | $ | 3,029,827 | |||||||||
Liabilities and equity: | ||||||||||||||||||||
Current liabilities | $ | 82,668 | $ | 406,890 | $ | 27,974 | $ | (441 | ) | $ | 517,091 | |||||||||
Long-term debt, net of current | 783,470 | 8,854 | — | — | 792,324 | |||||||||||||||
Deferred revenue, net of current | — | 309,418 | — | — | 309,418 | |||||||||||||||
Deferred income tax liabilities, long term | — | 111,051 | 19,833 | (59,523 | ) | 71,361 | ||||||||||||||
Intercompany payable | 125,587 | — | 65,885 | (191,472 | ) | — | ||||||||||||||
Other liabilities | 130,421 | 33,011 | 5,255 | — | 168,687 | |||||||||||||||
Total CoreLogic stockholders' equity | 1,169,301 | 1,564,865 | 288,696 | (1,853,561 | ) | 1,169,301 | ||||||||||||||
Noncontrolling interests | — | — | 1,645 | — | 1,645 | |||||||||||||||
Total liabilities and equity | $ | 2,291,447 | $ | 2,434,089 | $ | 409,288 | $ | (2,104,997 | ) | $ | 3,029,827 |
Condensed Balance Sheet | ||||||||||||||||||||
As of December 31, 2011 | ||||||||||||||||||||
Parent | Guarantor Subsidiaries | Non-Guarantor Subsidiaries | Consolidating/Eliminating Adjustments | Total | ||||||||||||||||
Assets: | ||||||||||||||||||||
Cash and cash equivalents | $ | 229,871 | $ | 9,106 | $ | 20,289 | $ | — | $ | 259,266 | ||||||||||
Intercompany receivable | 170,937 | — | — | (170,937 | ) | — | ||||||||||||||
Other current assets | 54,458 | 376,926 | 15,855 | (3,592 | ) | 443,647 | ||||||||||||||
Property and equipment, net | 8,500 | 175,129 | 30,608 | — | 214,237 | |||||||||||||||
Goodwill, net | — | 1,288,328 | 183,878 | — | 1,472,206 | |||||||||||||||
Other intangible assets, net | — | 107,994 | 56,371 | — | 164,365 | |||||||||||||||
Capitalized data and database cost, net | — | 218,534 | 85,472 | — | 304,006 | |||||||||||||||
Investment in affiliates, net | — | 108,323 | 5,486 | — | 113,809 | |||||||||||||||
Deferred income tax assets, long-term | 53,724 | — | — | (53,724 | ) | — | ||||||||||||||
Restricted cash | 18,298 | 122 | 3,624 | — | 22,044 | |||||||||||||||
Investment in subsidiaries | 1,638,736 | — | — | (1,638,736 | ) | — | ||||||||||||||
Other assets | 92,909 | 30,153 | 2,058 | — | 125,120 | |||||||||||||||
Total assets | $ | 2,267,433 | $ | 2,314,615 | $ | 403,641 | $ | (1,866,989 | ) | $ | 3,118,700 | |||||||||
Liabilities and equity: | ||||||||||||||||||||
Intercompany payables | $ | — | $ | 157,039 | $ | 13,898 | $ | (170,937 | ) | $ | — | |||||||||
Other current liabilities | 107,845 | 369,631 | 26,775 | (3,592 | ) | 500,659 | ||||||||||||||
Long-term debt, net of current | 784,570 | 10,412 | 51,045 | — | 846,027 | |||||||||||||||
Deferred revenue, net of current | — | 338,799 | — | — | 338,799 | |||||||||||||||
Deferred income taxes liabilities, long term | — | 62,353 | 18,383 | (53,724 | ) | 27,012 | ||||||||||||||
Other liabilities | 132,497 | 24,335 | 4,550 | — | 161,382 | |||||||||||||||
Total CoreLogic stockholders' equity | 1,242,521 | 1,352,046 | 286,690 | (1,638,736 | ) | 1,242,521 | ||||||||||||||
Noncontrolling interests | — | — | 2,300 | — | 2,300 | |||||||||||||||
Total liabilities and equity | $ | 2,267,433 | $ | 2,314,615 | $ | 403,641 | $ | (1,866,989 | ) | $ | 3,118,700 |
Condensed Statement of Operations | ||||||||||||||||||||
For the year ended December 31, 2012 | ||||||||||||||||||||
Parent | Guarantor Subsidiaries | Non-Guarantor Subsidiaries | Consolidating/Eliminating Adjustments | Total | ||||||||||||||||
Operating revenue | $ | — | $ | 1,477,258 | $ | 90,375 | $ | — | $ | 1,567,633 | ||||||||||
Intercompany revenue | — | — | 1,955 | (1,955 | ) | — | ||||||||||||||
Cost of services (exclusive of depreciation and amortization below) | — | 805,767 | 35,781 | (1,955 | ) | 839,593 | ||||||||||||||
Selling, general and administrative expenses | 65,636 | 272,074 | 34,356 | — | 372,066 | |||||||||||||||
Depreciation and amortization | 2,937 | 104,571 | 26,206 | — | 133,714 | |||||||||||||||
Operating (loss)/income | (68,573 | ) | 294,846 | (4,013 | ) | — | 222,260 | |||||||||||||
Total interest (expense)/income, net | (50,222 | ) | 140 | (2,386 | ) | — | (52,468 | ) | ||||||||||||
Gain/(loss) on investments and other, net | 3,492 | (7,314 | ) | 1,306 | — | (2,516 | ) | |||||||||||||
(Benefit)/Provision for income taxes | (44,909 | ) | 120,366 | 4,939 | — | 80,396 | ||||||||||||||
Equity in earnings of affiliates, net of tax | — | 35,153 | 830 | — | 35,983 | |||||||||||||||
Equity/(losses) in earnings of subsidiary, net of tax | 182,687 | — | — | (182,687 | ) | — | ||||||||||||||
Net income/(loss) from continuing operations | 112,293 | 202,459 | (9,202 | ) | (182,687 | ) | 122,863 | |||||||||||||
Loss from discontinued operations, net of tax | — | (15,056 | ) | — | — | (15,056 | ) | |||||||||||||
Gain from sale of discontinued operations, net of tax | — | 3,841 | — | — | 3,841 | |||||||||||||||
Net income/(loss) | 112,293 | 191,244 | (9,202 | ) | (182,687 | ) | 111,648 | |||||||||||||
Less: Net loss attributable to noncontrolling interests | — | — | (645 | ) | — | (645 | ) | |||||||||||||
Net income/(loss) attributable to CoreLogic | $ | 112,293 | $ | 191,244 | $ | (8,557 | ) | $ | (182,687 | ) | $ | 112,293 | ||||||||
Net income/(loss) | $ | 112,293 | $ | 191,244 | $ | (9,202 | ) | $ | (182,687 | ) | $ | 111,648 | ||||||||
Total other comprehensive income/(loss) | $ | 4,802 | $ | — | $ | 5,920 | $ | (5,920 | ) | $ | 4,802 | |||||||||
Less: Comprehensive loss attributable to noncontrolling interests | $ | — | $ | — | $ | (645 | ) | $ | — | $ | (645 | ) | ||||||||
Comprehensive income/(loss) attributable to CoreLogic | $ | 117,095 | $ | 191,244 | $ | (2,637 | ) | $ | (188,607 | ) | $ | 117,095 |
Condensed Statement of Operations | ||||||||||||||||||||
For the year ended December 31, 2011 | ||||||||||||||||||||
Parent | Guarantor Subsidiaries | Non-Guarantor Subsidiaries | Consolidating/Eliminating Adjustments | Total | ||||||||||||||||
Operating revenue | $ | — | $ | 1,275,977 | $ | 62,570 | $ | — | $ | 1,338,547 | ||||||||||
Intercompany revenue | — | — | 45,678 | (45,678 | ) | — | ||||||||||||||
Cost of services (exclusive of depreciation and amortization below) | — | 725,006 | 67,309 | (43,251 | ) | 749,064 | ||||||||||||||
Selling, general and administrative expenses | 97,780 | 266,978 | 22,921 | (2,427 | ) | 385,252 | ||||||||||||||
Depreciation and amortization | 3,702 | 92,046 | 19,798 | — | 115,546 | |||||||||||||||
Operating (loss)/income | (101,482 | ) | 191,947 | (1,780 | ) | — | 88,685 | |||||||||||||
Total interest expense, net | (55,564 | ) | (978 | ) | (1,748 | ) | — | (58,290 | ) | |||||||||||
Gain/(loss) on investments and other, net | 64,984 | (5,061 | ) | 82 | — | 60,005 | ||||||||||||||
(Benefit)/provision for income taxes | (65,471 | ) | 133,017 | (371 | ) | — | 67,175 | |||||||||||||
Equity in earnings of affiliates, net of tax | — | 30,078 | 192 | — | 30,270 | |||||||||||||||
Equity in (losses)/earnings of subsidiary, net of tax | (48,018 | ) | — | — | 48,018 | — | ||||||||||||||
Net (loss)/income from continuing operations | (74,609 | ) | 82,969 | (2,883 | ) | 48,018 | 53,495 | |||||||||||||
Loss from discontinued operations, net of tax | — | (127,124 | ) | — | — | (127,124 | ) | |||||||||||||
Net (loss)/income | (74,609 | ) | (44,155 | ) | (2,883 | ) | 48,018 | (73,629 | ) | |||||||||||
Less: Net income attributable to noncontrolling interests | — | — | 980 | — | 980 | |||||||||||||||
Net (loss)/income attributable to CoreLogic | $ | (74,609 | ) | $ | (44,155 | ) | $ | (3,863 | ) | $ | 48,018 | $ | (74,609 | ) | ||||||
Net income/(loss) | $ | (74,609 | ) | $ | (44,155 | ) | $ | (2,883 | ) | $ | 48,018 | $ | (73,629 | ) | ||||||
Total other comprehensive income/(loss) | $ | (36,259 | ) | $ | (14,093 | ) | $ | (12,612 | ) | $ | 26,705 | $ | (36,259 | ) | ||||||
Less: Comprehensive income attributable to noncontrolling interests | $ | — | $ | — | $ | 980 | $ | — | $ | 980 | ||||||||||
Comprehensive income/(loss) attributable to CoreLogic | $ | (110,868 | ) | $ | (58,248 | ) | $ | (16,475 | ) | $ | 74,723 | $ | (110,868 | ) |
Condensed Statement of Operations | ||||||||||||||||||||
For the year ended December 31, 2010 | ||||||||||||||||||||
Parent | Guarantor Subsidiaries | Non-Guarantor Subsidiaries | Consolidating/Eliminating Adjustments | Total | ||||||||||||||||
Operating revenue | $ | — | $ | 1,276,089 | $ | 4,187 | $ | — | $ | 1,280,276 | ||||||||||
Intercompany revenue | — | — | 56,474 | (56,474 | ) | — | ||||||||||||||
Cost of services (exclusive of depreciation and amortization below) | — | 689,473 | 48,150 | (53,740 | ) | 683,883 | ||||||||||||||
Selling, general and administrative expenses | 72,943 | 315,582 | 2,038 | (2,734 | ) | 387,829 | ||||||||||||||
Depreciation and amortization | 5,093 | 86,960 | 2,828 | — | 94,881 | |||||||||||||||
Operating (loss)/income | (78,036 | ) | 184,074 | 7,645 | — | 113,683 | ||||||||||||||
Total interest (expense)/income, net | (30,279 | ) | (650 | ) | 704 | — | (30,225 | ) | ||||||||||||
(Loss)/gain on investments and other, net | (13,852 | ) | (1,828 | ) | 4,795 | — | (10,885 | ) | ||||||||||||
(Benefit)/provision for income taxes | (55,145 | ) | 81,971 | 3,497 | — | 30,323 | ||||||||||||||
Equity in (losses)/earnings of affiliates, net of tax | (29 | ) | 41,670 | — | — | 41,641 | ||||||||||||||
Equity in earnings/(losses) of subsidiary, net of tax | 10,751 | — | — | (10,751 | ) | — | ||||||||||||||
Net (loss)/income from continuing operations | (56,300 | ) | 141,295 | 9,647 | (10,751 | ) | 83,891 | |||||||||||||
Income/(loss) from discontinued operations, net of tax | — | 18,517 | (102,053 | ) | — | (83,536 | ) | |||||||||||||
Loss from sale of discontinued operations, net of tax | — | — | (18,985 | ) | — | (18,985 | ) | |||||||||||||
Net (loss)/income | (56,300 | ) | 159,812 | (111,391 | ) | (10,751 | ) | (18,630 | ) | |||||||||||
Less: Net income attributable to noncontrolling interests | — | 37,627 | 43 | — | 37,670 | |||||||||||||||
Net (loss)/income attributable to CoreLogic | $ | (56,300 | ) | $ | 122,185 | $ | (111,434 | ) | $ | (10,751 | ) | $ | (56,300 | ) | ||||||
Net income/(loss) | $ | (56,300 | ) | $ | 159,812 | $ | (111,391 | ) | $ | (10,751 | ) | $ | (18,630 | ) | ||||||
Total other comprehensive income/(loss) | $ | 12,848 | $ | 1,759 | $ | (547 | ) | $ | (1,229 | ) | $ | 12,831 | ||||||||
Less: Comprehensive income attributable to noncontrolling interests | $ | — | $ | 37,610 | $ | 43 | $ | — | $ | 37,653 | ||||||||||
Comprehensive income/(loss) attributable to CoreLogic | $ | (43,452 | ) | $ | 123,961 | $ | (111,981 | ) | $ | (11,980 | ) | $ | (43,452 | ) |
Condensed Statement of Cash Flows | ||||||||||||||||||||
For the year ended December 31, 2012 | ||||||||||||||||||||
Parent | Guarantor Subsidiaries | Non-Guarantor Subsidiaries | Consolidating/Eliminating Adjustments | Total | ||||||||||||||||
Cash flows from operating activities: | ||||||||||||||||||||
Net cash (used in)/provided by operating activities - continuing operations | (79,525 | ) | 424,683 | 17,141 | — | 362,299 | ||||||||||||||
Net cash provided by operating activities - discontinued operations | — | 820 | — | — | 820 | |||||||||||||||
Total cash (used in)/provided by operating activities | $ | (79,525 | ) | $ | 425,503 | $ | 17,141 | $ | — | $ | 363,119 | |||||||||
Cash flow from investing activities: | ||||||||||||||||||||
Purchases of property and equipment | (3,195 | ) | (37,952 | ) | (11,453 | ) | — | (52,600 | ) | |||||||||||
Purchases of capitalized data and other intangible assets | — | (28,483 | ) | (3,397 | ) | — | (31,880 | ) | ||||||||||||
Cash paid for acquisitions, net of cash acquired | — | (78,354 | ) | — | — | (78,354 | ) | |||||||||||||
Cash received from sale of subsidiary, net | — | 10,000 | — | — | 10,000 | |||||||||||||||
Proceeds from sale of property and equipment | — | 1,882 | — | — | 1,882 | |||||||||||||||
Proceeds from sale of investments | — | 8,000 | — | — | 8,000 | |||||||||||||||
Change in restricted cash | (1 | ) | (184 | ) | 271 | — | 86 | |||||||||||||
Net cash used in investing activities - continuing operations | (3,196 | ) | (125,091 | ) | (14,579 | ) | — | (142,866 | ) | |||||||||||
Net cash used in investing activities - continuing operations | — | (4,066 | ) | — | — | (4,066 | ) | |||||||||||||
Total cash used in by investing activities | $ | (3,196 | ) | $ | (129,157 | ) | $ | (14,579 | ) | $ | — | $ | (146,932 | ) | ||||||
Cash flow from financing activities: | ||||||||||||||||||||
Proceeds from long-term debt | 50,000 | — | — | — | 50,000 | |||||||||||||||
Debt issuance costs | — | — | — | — | — | |||||||||||||||
Repayments of long-term debt | (103,368 | ) | (11,020 | ) | (52,327 | ) | — | (166,715 | ) | |||||||||||
Shares repurchased and retired | (226,629 | ) | — | — | — | (226,629 | ) | |||||||||||||
Proceeds from issuance of stock related to stock options and employee benefit plans | 13,497 | — | — | — | 13,497 | |||||||||||||||
Minimum tax withholding paid on behalf of employees for restricted stock units | (3,466 | ) | — | — | — | (3,466 | ) | |||||||||||||
Distribution to noncontrolling interests | — | — | (10 | ) | — | (10 | ) | |||||||||||||
Tax benefit related to stock options | 947 | — | — | — | 947 | |||||||||||||||
Intercompany loan payments | (65,227 | ) | (295,866 | ) | — | 361,093 | — | |||||||||||||
Intercompany loan proceeds | 295,866 | — | 65,227 | (361,093 | ) | — | ||||||||||||||
Net cash (used in)/provided by financing activities - continuing operations | (38,380 | ) | (306,886 | ) | 12,890 | — | (332,376 | ) | ||||||||||||
Net cash used in financing activities - discontinued operations | — | (71 | ) | — | — | (71 | ) | |||||||||||||
Total cash (used in)/provided by financing activities | $ | (38,380 | ) | $ | (306,957 | ) | $ | 12,890 | $ | — | $ | (332,447 | ) |
Net (decrease)/increase in cash and cash equivalents | (121,101 | ) | (10,611 | ) | 15,452 | — | (116,260 | ) | ||||||||||||
Cash and cash equivalents at beginning of period | 229,871 | 9,106 | 20,289 | — | 259,266 | |||||||||||||||
Less: Change in cash and cash equivalents - discontinued operations | — | (3,317 | ) | — | — | (3,317 | ) | |||||||||||||
Plus: Cash swept from discontinued operations | 2,535 | — | — | — | 2,535 | |||||||||||||||
Cash and cash equivalents at end of year | $ | 111,305 | $ | 1,812 | $ | 35,741 | $ | — | $ | 148,858 |
Condensed Statement of Cash Flows | ||||||||||||||||||||
For the year ended December 31, 2011 | ||||||||||||||||||||
Parent | Guarantor Subsidiaries | Non-Guarantor Subsidiaries | Consolidating/Eliminating Adjustments | Total | ||||||||||||||||
Cash flows from operating activities: | ||||||||||||||||||||
Net cash (used in)/provided by operating activities - continuing operations | $ | (12,523 | ) | $ | 177,100 | $ | 7,015 | $ | — | $ | 171,592 | |||||||||
Net cash used in operating activities - discontinued operations | — | (10,655 | ) | — | — | (10,655 | ) | |||||||||||||
Total cash (used in)/provided by operating activities | $ | (12,523 | ) | $ | 166,445 | $ | 7,015 | $ | — | $ | 160,937 | |||||||||
Cash flow from investing activities: | ||||||||||||||||||||
Purchases of property and equipment | (785 | ) | (38,503 | ) | (5,927 | ) | — | (45,215 | ) | |||||||||||
Purchases of capitalized data and other intangible assets | — | (26,447 | ) | (562 | ) | — | (27,009 | ) | ||||||||||||
Cash paid for acquisitions, net of cash acquired | (219,317 | ) | 4,220 | 882 | — | (214,215 | ) | |||||||||||||
Purchases of investments | 725 | (27,623 | ) | — | — | (26,898 | ) | |||||||||||||
Proceeds from sale of property and equipment | — | 25,042 | — | — | 25,042 | |||||||||||||||
Proceeds from sale of investments | — | 74,621 | — | — | 74,621 | |||||||||||||||
Cash received from sale of subsidiary, net | — | 5,300 | 22,754 | — | 28,054 | |||||||||||||||
Change in restricted cash | 2,675 | (1 | ) | (583 | ) | — | 2,091 | |||||||||||||
Net cash (used in)/provided by investing activities - continuing operations | (216,702 | ) | 16,609 | 16,564 | — | (183,529 | ) | |||||||||||||
Net cash used in investing activities - discontinued operations | — | (4,497 | ) | — | — | (4,497 | ) | |||||||||||||
Total cash (used in)/provided by investing activities | $ | (216,702 | ) | $ | 12,112 | $ | 16,564 | $ | — | $ | (188,026 | ) | ||||||||
Cash flow from financing activities: | ||||||||||||||||||||
Purchases of redeemable noncontrolling interests | — | (72,000 | ) | — | — | (72,000 | ) | |||||||||||||
Proceeds from long-term debt | 750,000 | 54,544 | 53,610 | — | 858,154 | |||||||||||||||
Debt issuance costs | (22,810 | ) | — | — | — | (22,810 | ) | |||||||||||||
Repayments of long-term debt | (575,787 | ) | (107,094 | ) | (50,526 | ) | — | (733,407 | ) | |||||||||||
Shares repurchased and retired | (176,512 | ) | — | — | — | (176,512 | ) | |||||||||||||
Proceeds from issuance of stock related to stock options and employee benefit plans | 3,087 | — | — | — | 3,087 | |||||||||||||||
Minimum tax withholding paid on behalf of employees for restricted stock units | (2,023 | ) | — | — | — | (2,023 | ) | |||||||||||||
Distribution to noncontrolling interests | — | (4,290 | ) | (545 | ) | — | (4,835 | ) | ||||||||||||
Tax benefit related to stock options | 363 | — | — | — | 363 | |||||||||||||||
Intercompany loan payments | — | (78,776 | ) | (53,054 | ) | 131,830 | — | |||||||||||||
Intercompany loan proceeds | 131,830 | — | — | (131,830 | ) | — | ||||||||||||||
Net cash provided by/(used in) financing activities - continuing operations | 108,148 | (207,616 | ) | (50,515 | ) | — | (149,983 | ) | ||||||||||||
Net cash provided by financing activities - discontinued operations | — | 71 | — | — | 71 |
Total cash provided by/(used in) financing activities | $ | 108,148 | $ | (207,545 | ) | $ | (50,515 | ) | $ | — | $ | (149,912 | ) | |||||||
Net (decrease)/increase in cash and cash equivalents | (121,077 | ) | (28,988 | ) | (26,936 | ) | — | (177,001 | ) | |||||||||||
Cash and cash equivalents at beginning of period | 355,974 | 23,013 | 47,225 | — | 426,212 | |||||||||||||||
Less: Change in cash and cash equivalents - discontinued operations | — | (15,081 | ) | — | — | (15,081 | ) | |||||||||||||
Plus: Cash swept to discontinued operations | $ | (5,026 | ) | $ | — | $ | — | $ | (5,026 | ) | ||||||||||
Cash and cash equivalents at end of year | $ | 229,871 | $ | 9,106 | $ | 20,289 | $ | — | $ | 259,266 |
Condensed Statement of Cash Flows | ||||||||||||||||||||
For the year ended December 31, 2010 | ||||||||||||||||||||
Parent | Guarantor Subsidiaries | Non-Guarantor Subsidiaries | Consolidating/Eliminating Adjustments | Total | ||||||||||||||||
Cash flows from operating activities: | ||||||||||||||||||||
Net cash (used in)/provided by operating activities - continuing operations | $ | (65,230 | ) | $ | 220,002 | $ | 9,373 | $ | — | $ | 164,145 | |||||||||
Net cash provided by operating activities - discontinued operations | — | 18,598 | 23,451 | — | 42,049 | |||||||||||||||
Total cash (used in)/provided by operating activities | $ | (65,230 | ) | $ | 238,600 | $ | 32,824 | $ | — | $ | 206,194 | |||||||||
Cash flow from investing activities: | ||||||||||||||||||||
Purchases of property and equipment | (3,347 | ) | (48,114 | ) | (1,149 | ) | — | (52,610 | ) | |||||||||||
Purchases of capitalized data and other intangible assets | — | (24,814 | ) | — | — | (24,814 | ) | |||||||||||||
Issuance of notes receivable, net | — | (12,754 | ) | — | — | (12,754 | ) | |||||||||||||
Cash paid for acquisitions, net of cash acquired | — | (11,401 | ) | 2,173 | — | (9,228 | ) | |||||||||||||
Cash received from sale of subsidiary, net | — | — | 265,000 | — | 265,000 | |||||||||||||||
Purchases of investments | (18,764 | ) | (8,520 | ) | — | — | (27,284 | ) | ||||||||||||
Proceeds from maturities of debt securities | — | 371 | — | — | 371 | |||||||||||||||
Proceeds from sale of investments | — | 26,386 | — | — | 26,386 | |||||||||||||||
Change in restricted cash | (20,973 | ) | (122 | ) | — | — | (21,095 | ) | ||||||||||||
Net cash (used in)/provided by investing activities - continuing operations | (43,084 | ) | (78,968 | ) | 266,024 | — | 143,972 | |||||||||||||
Net cash used in investing activities - discontinued operations | — | (12,193 | ) | (70,536 | ) | — | (82,729 | ) | ||||||||||||
Total cash (used in)/provided by investing activities | $ | (43,084 | ) | $ | (91,161 | ) | $ | 195,488 | $ | — | $ | 61,243 | ||||||||
Cash flow from financing activities: | ||||||||||||||||||||
Purchases of redeemable noncontrolling interests | — | (385,847 | ) | — | — | (385,847 | ) | |||||||||||||
Proceeds from long-term debt | 843,524 | — | — | — | 843,524 | |||||||||||||||
Debt issuance cost | (14,776 | ) | — | — | — | (14,776 | ) | |||||||||||||
Repayments of long-term debt | (691,258 | ) | (22,385 | ) | — | — | (713,643 | ) | ||||||||||||
Shares repurchased and retired | (30,171 | ) | — | — | — | (30,171 | ) | |||||||||||||
Proceeds from issuance of stock related to stock options and employee benefit plans | 11,674 | — | — | — | 11,674 | |||||||||||||||
Minimum tax withholding paid on behalf of employees for restricted stock units | (4,677 | ) | — | — | — | (4,677 | ) | |||||||||||||
Distribution to noncontrolling interests | — | (27,800 | ) | — | — | (27,800 | ) | |||||||||||||
Cash dividends | (22,657 | ) | — | — | — | (22,657 | ) | |||||||||||||
Tax benefit related to stock options | 3,423 | — | — | — | 3,423 | |||||||||||||||
Intercompany loan payments | (35,721 | ) | — | (240,389 | ) | 276,110 | — | |||||||||||||
Intercompany loan proceeds | 240,389 | 35,721 | — | (276,110 | ) | — |
Net cash provided by/(used in) financing activities - continuing operations | 299,750 | (400,311 | ) | (240,389 | ) | — | (340,950 | ) | ||||||||||||
Net cash provided by financing activities - discontinued operations | — | — | 29,087 | — | 29,087 | |||||||||||||||
Total cash provided by/(used in) financing activities | $ | 299,750 | $ | (400,311 | ) | $ | (211,302 | ) | $ | — | $ | (311,863 | ) | |||||||
Net increase/(decrease) in cash and cash equivalents | 191,436 | (252,872 | ) | 17,010 | — | (44,426 | ) | |||||||||||||
Cash and cash equivalents at beginning of period | 165,012 | 282,290 | 12,217 | — | 459,519 | |||||||||||||||
Less: Change in cash and cash equivalents - discontinued operations | — | 6,405 | (17,998 | ) | — | (11,593 | ) | |||||||||||||
Plus: Cash swept to discontinued operations | $ | (474 | ) | $ | — | $ | (474 | ) | ||||||||||||
Cash and cash equivalents at end of year | $ | 355,974 | $ | 23,013 | $ | 47,225 | $ | — | $ | 426,212 |
Increase/(Decrease) | |||||||||||||||||||
Parent | Guarantor Subsidiaries | Non-Guarantor Subsidiaries | Consolidating/Eliminating Adjustments | Total | |||||||||||||||
Condensed Balance Sheet | |||||||||||||||||||
As of December 31, 2011 | |||||||||||||||||||
Current assets | $ | 170,937 | $ | 46,313 | $ | 4,213 | $ | (174,529 | ) | $ | 46,934 | ||||||||
Non-current assets | $ | (160,629 | ) | $ | 15,419 | $ | — | $ | 106,905 | $ | (38,305 | ) | |||||||
Current liabilities | $ | 12,608 | $ | 157,039 | $ | 4,882 | $ | (174,529 | ) | $ | — | ||||||||
Non-current liabilities | $ | — | $ | 62,353 | $ | — | $ | (53,724 | ) | $ | 8,629 | ||||||||
Total equity | $ | (2,300 | ) | $ | (157,039 | ) | $ | (1,290 | ) | $ | 160,629 | $ | — | ||||||
Condensed Statement of Operations | |||||||||||||||||||
For the year ended December 31, 2011 | |||||||||||||||||||
Operating revenue, net | $ | — | $ | 45,678 | $ | — | $ | (45,678 | ) | $ | — | ||||||||
Total operating expenses | $ | 1,098 | $ | 44,581 | $ | — | $ | (45,679 | ) | $ | — | ||||||||
Less: Net income attributable to noncontrolling interests | $ | (980 | ) | $ | — | $ | 980 | $ | — | $ | — | ||||||||
Net (loss) income attributable to CLGX | $ | — | $ | 1,098 | $ | (980 | ) | $ | (118 | ) | $ | — | |||||||
Comprehensive income/(loss) attributable to CoreLogic | $ | — | $ | 1,098 | $ | (980 | ) | $ | (118 | ) | $ | — | |||||||
Condensed Statement of Operations | |||||||||||||||||||
For the year ended December 31, 2010 | |||||||||||||||||||
Operating revenue, net | $ | — | $ | 56,474 | $ | — | $ | (56,474 | ) | $ | — | ||||||||
Total operating expenses | $ | (842 | ) | $ | 57,315 | $ | — | $ | (56,473 | ) | $ | — | |||||||
Equity in earnings/(losses) of subsidiary, net of tax | $ | (38,131 | ) | $ | — | $ | — | $ | 38,131 | $ | — | ||||||||
Less: Net income attributable to noncontrolling interests | $ | (37,670 | ) | $ | 37,627 | $ | 43 | $ | — | $ | — | ||||||||
Net (loss) income attributable to CLGX | $ | — | $ | (38,088 | ) | $ | (43 | ) | $ | 38,131 | $ | — | |||||||
Comprehensive income/(loss) attributable to CoreLogic | $ | — | $ | (38,088 | ) | $ | (43 | ) | $ | 38,131 | $ | — | |||||||
Condensed Statement of Cash Flows |
For the year ended December 31, 2011 | |||||||||||||||||||
Net cash (used in)/provided by operating activities - continuing operations | $ | (1,098 | ) | $ | 1,098 | $ | — | $ | — | $ | — | ||||||||
Net cash (used in)/provided by investing activities - continuing operations | $ | 49,246 | $ | — | $ | 22,754 | $ | — | $ | 72,000 | |||||||||
Net cash provided by/(used in) financing activities - continuing operations | $ | (43,122 | ) | $ | (6,124 | ) | $ | (22,754 | ) | $ | — | $ | (72,000 | ) | |||||
Condensed Statement of Cash Flows | |||||||||||||||||||
For the year ended December 31, 2010 | |||||||||||||||||||
Net cash (used in)/provided by operating activities - continuing operations | $ | 3,683 | $ | (4,973 | ) | $ | 1,290 | — | $ | — | |||||||||
Net cash (used in)/provided by investing activities - continuing operations | $ | 392,384 | $ | — | $ | — | — | $ | 392,384 | ||||||||||
Net cash used in investing activities - discontinued operations | $ | — | $ | (6,537 | ) | $ | — | — | $ | (6,537 | ) | ||||||||
Net cash provided by/(used in) financing activities - continuing operations | $ | (395,593 | ) | $ | 4,973 | $ | 4,773 | — | $ | (385,847 | ) |
For the quarters ended | |||||||||||||||
(in thousands, except per share amounts) | 3/31/2012 | 6/30/2012 | 9/30/2012 | 12/31/2012 | |||||||||||
Operating revenue | $ | 358,101 | $ | 389,361 | $ | 409,760 | $ | 410,411 | |||||||
Operating income | $ | 45,227 | $ | 67,562 | $ | 61,382 | $ | 48,089 | |||||||
Equity in earnings of affiliates, net of tax | $ | 9,470 | $ | 11,745 | $ | 8,166 | $ | 6,602 | |||||||
Amounts attributable to CoreLogic: | |||||||||||||||
Income from continuing operations, net of tax | $ | 29,052 | $ | 41,208 | $ | 36,213 | $ | 17,035 | |||||||
(Loss)/income from discontinued operations, net of tax | (8,967 | ) | 983 | (10,157 | ) | 3,085 | |||||||||
(Loss)/gain from sale of discontinued operations, net of tax | (3,454 | ) | 466 | 12,264 | (5,435 | ) | |||||||||
Net income attributable to CoreLogic stockholders | $ | 16,631 | $ | 42,657 | $ | 38,320 | $ | 14,685 | |||||||
Basic income/(loss) per share: | |||||||||||||||
Income from continuing operations, net of tax | $ | 0.27 | $ | 0.39 | $ | 0.36 | $ | 0.17 | |||||||
(Loss)/income from discontinued operations, net of tax | (0.08 | ) | 0.01 | (0.10 | ) | 0.03 | |||||||||
(Loss)/gain from sale of discontinued operations, net of tax | (0.03 | ) | — | 0.12 | (0.06 | ) | |||||||||
Net income | $ | 0.16 | $ | 0.40 | $ | 0.38 | $ | 0.14 | |||||||
Diluted income/(loss) per share: | |||||||||||||||
Income from continuing operations, net of tax | $ | 0.27 | $ | 0.39 | $ | 0.35 | $ | 0.17 | |||||||
(Loss)/income from discontinued operations, net of tax | (0.08 | ) | 0.01 | (0.10 | ) | 0.03 | |||||||||
(Loss)/gain from sale of discontinued operations, net of tax | (0.03 | ) | — | 0.12 | (0.05 | ) | |||||||||
Net income | $ | 0.16 | $ | 0.40 | $ | 0.37 | $ | 0.15 | |||||||
Weighted-average common shares outstanding: | |||||||||||||||
Basic | 106,594 | 105,895 | 101,650 | 97,513 | |||||||||||
Diluted | 107,327 | 106,468 | 103,113 | 99,346 |
For the quarters ended | |||||||||||||||
(in thousands, except per share amounts) | 3/31/2011 | 6/30/2011 | 9/30/2011 | 12/31/2011 | |||||||||||
Operating revenue | $ | 316,282 | $ | 328,421 | $ | 348,446 | $ | 345,398 | |||||||
Operating income | $ | 26,576 | $ | 18,833 | $ | 27,840 | $ | 15,436 | |||||||
Equity in earnings of affiliates, net of tax | $ | 6,334 | $ | 5,719 | $ | 8,340 | $ | 9,877 | |||||||
Amounts attributable to CoreLogic: | |||||||||||||||
Income/(loss) from continuing operations, net of tax | $ | 21,605 | $ | 40,041 | $ | (2,970 | ) | $ | (6,161 | ) | |||||
Income/(loss) from discontinued operations, net of tax | 1,651 | (8,556 | ) | (104,220 | ) | (15,999 | ) | ||||||||
Net income/(loss) | $ | 23,256 | $ | 31,485 | $ | (107,190 | ) | $ | (22,160 | ) | |||||
Basic income/(loss) per share: | |||||||||||||||
Income/(loss) from continuing operations, net of tax | $ | 0.19 | $ | 0.37 | $ | (0.03 | ) | $ | (0.06 | ) | |||||
Income/(loss) from discontinued operations, net of tax | 0.01 | (0.08 | ) | (0.98 | ) | (0.15 | ) | ||||||||
Net income/(loss) | $ | 0.20 | $ | 0.29 | $ | (1.01 | ) | $ | (0.21 | ) | |||||
Diluted income/(loss) per share: | |||||||||||||||
Income/(loss) from continuing operations, net of tax | $ | 0.19 | $ | 0.37 | $ | (0.03 | ) | $ | (0.06 | ) | |||||
Income/(loss) from discontinued operations, net of tax | 0.01 | (0.08 | ) | (0.98 | ) | (0.15 | ) | ||||||||
Net income/(loss) | $ | 0.20 | $ | 0.29 | $ | (1.01 | ) | $ | (0.21 | ) | |||||
Weighted-average common shares outstanding: | |||||||||||||||
Basic | 115,545 | 108,018 | 106,414 | 106,508 | |||||||||||
Diluted | 116,306 | 108,641 | 106,414 | 106,508 |
(in thousands) Description | Balance at Beginning of Period | Charged to Costs & Expenses | Charged to Other Accounts | Deductions | Balance at End of Period | |||||||||||||||
For the year ended December 31, 2012 | ||||||||||||||||||||
Allowance for doubtful accounts | $ | 17,365 | $ | 15,412 | $ | — | $ | (11,132 | ) | (1) | $ | 21,645 | ||||||||
Claim losses | $ | 31,365 | $ | 20,813 | $ | — | $ | (16,190 | ) | (2) | $ | 35,988 | ||||||||
Tax valuation allowance | $ | 29,389 | $ | 13,134 | $ | (11,568 | ) | (3 | ) | $ | — | $ | 30,955 | |||||||
For the year ended December 31, 2011 | ||||||||||||||||||||
Allowance for doubtful accounts | $ | 12,314 | $ | 6,180 | $ | — | $ | (1,129 | ) | (1) | $ | 17,365 | ||||||||
Claim losses | $ | 28,197 | $ | 25,204 | $ | — | $ | (22,036 | ) | (2) | $ | 31,365 | ||||||||
Tax valuation allowance | $ | 19,058 | $ | — | $ | 12,156 | (3 | ) | $ | (1,825 | ) | $ | 29,389 | |||||||
For the year ended December 31, 2010 | ||||||||||||||||||||
Allowance for doubtful accounts | $ | 15,289 | $ | 1,276 | $ | — | $ | (4,251 | ) | (1) | $ | 12,314 | ||||||||
Claim losses | $ | 26,286 | $ | 25,343 | $ | — | $ | (23,432 | ) | (2) | $ | 28,197 | ||||||||
Tax valuation allowance | $ | 14,692 | $ | 4,366 | $ | — | $ | — | $ | 19,058 |
(1) | Amount represents accounts written off, net of recoveries. |
(2) | Amount represents claim payments, net of recoveries. |
(3) | Amount represents adjustments for acquired net operating loss and credit carryforwards. |
(1) | Pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of the Company; |
(2) | Provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with generally accepted accounting principles, and that receipts and expenditures of the Company are being made only in accordance with authorizations of management and directors of the Company; and |
(3) | Provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use or disposition of the Company’s assets that could have a material effect on the financial statements. |
(a) | 1. The following consolidated financial statements of CoreLogic, Inc. are included in Item 8. |
CoreLogic, Inc. | ||
(Registrant) | ||
By: /s/ Anand Nallathambi | ||
Anand Nallathambi | ||
President and Chief Executive Officer | ||
(Principal Executive Officer) | ||
Date: | February 22, 2013 |
Signature | Title | Date | |
/s/ Anand K. Nallathambi | President and Chief Executive Officer | February 22, 2013 | |
Anand K. Nallathambi | (Principal Executive Officer) | ||
/s/ Frank D. Martell | Chief Financial Officer | February 22, 2013 | |
Frank D. Martell | (Principal Financial Officer) | ||
/s/ James L. Balas | Senior Vice President and Corporate Controller | February 22, 2013 | |
James L. Balas | (Principal Accounting Officer) | ||
/s/ D. Van Skilling | Chairman of the Board, Director | February 22, 2013 | |
D. Van Skilling | |||
/s/ J. David Chatham | Director | February 22, 2013 | |
J. David Chatham | |||
/s/ Douglas C. Curling | Director | February 22, 2013 | |
Douglas C. Curling | |||
/s/ John C. Dorman | Director | February 22, 2013 | |
John C. Dorman | |||
/s/ Paul F. Folino | Director | February 22, 2013 | |
Paul F. Folino | |||
/s/ Thomas C. O’Brien | Director | February 22, 2013 | |
Thomas C. O’Brien | |||
/s/ Jaynie Miller Studenmund | Director | February 22, 2013 | |
Jaynie Miller Studenmund | |||
/s/ David F. Walker | Director | February 22, 2013 | |
David F. Walker | |||
/s/ Mary Lee Widener | Director | February 22, 2013 | |
Mary Lee Widener |
Exhibit No. | Description |
2.1 | Agreement and Plan of Merger, dated May 28, 2010, by and between The First American Corporation and CoreLogic, Inc. (Incorporated by reference herein from Exhibit 2.1 to the Company’s Form 8-K as filed with the SEC on June 1, 2010). |
3.1 | Amended and Restated Certificate of Incorporation of CoreLogic, Inc., dated May 28, 2010 (Incorporated by reference herein from Exhibit 3.1 to the Company’s Current Report on Form 8-K as filed with the SEC on June 1, 2010). |
3.2 | Amended and Restated Bylaws of CoreLogic, Inc., effective February 27, 2012 (Incorporated by reference herein from Exhibit 3.1 to the Company's Current Report on Form 8-K as filed with the SEC on February 28, 2012). |
4.1 | Specimen Certificate for shares of Common Stock of CoreLogic, Inc. (Incorporated by reference herein from Exhibit 3.3 to the Company’s Current Report on Form 8-K as filed with the SEC on June 1, 2010). |
4.2 | Junior Subordinated Indenture, dated as of April 22, 1997 (Incorporated by reference herein from Exhibit (4.2) to the Company’s Quarterly Report on Form 10-Q for the period ended June 30, 1997 as filed with the SEC on August 14, 1997). |
4.3 | Supplemental Indenture to Junior Subordinated Indenture, dated as of April 30, 2010 (Incorporated by reference herein from Exhibit 4.1 to the Company’s Quarterly Report on Form 10-Q for the period ended June 30, 2010 as filed with the SEC on August 9, 2010). |
4.4 | Second Supplemental Indenture to Junior Subordinated Indenture, dated as of June 1, 2010 (Incorporated by reference herein from Exhibit 4.2 to the Company’s Quarterly Report on Form 10-Q for the period ended June 30, 2010 as filed with the SEC on August 9, 2010). |
4.5 | Form of New 8.50% Junior Subordinated Deferrable Interest Debenture (Incorporated by reference herein from Exhibit 4.2 of Registration Statement No. 333-35945 on Form S-4, dated September 18, 1997). |
4.6 | Certificate of Trust of First American Capital Trust I (Incorporated by reference herein from Exhibit 4.3 of Registration Statement No. 333-35945 on Form S-4, dated September 18, 1997). |
4.7 | Amended and Restated Declaration of Trust of First American Capital Trust I, dated as of April 22, 1997 (Incorporated by reference herein from Exhibit (4.3) to the Company’s Quarterly Report on Form 10-Q for the period ended June 30, 1997 as filed with the SEC on August 14, 1997). |
4.8 | Form of New 8.50% Capital Security (Liquidation Amount $1,000 per Capital Security) (Incorporated by reference herein from Exhibit 4.6 of Registration Statement No. 333-35945 on Form S-4, dated September 18, 1997). |
4.9 | Form of New Guarantee Agreement (Incorporated by reference herein from Exhibit 4.7 of Registration Statement No. 333-35945 on Form S-4, dated September 18, 1997). |
4.10 | Senior Indenture, dated as of April 7, 1998, between The First American Financial Corporation and Wilmington Trust Company as Trustee (Incorporated by reference herein from Exhibit (4) to the Company’s Quarterly Report on Form 10-Q for the period ended June 30, 1998 as filed with the SEC on August 14, 1998). |
4.11 | Form of First Supplemental Indenture (Incorporated by reference herein from Exhibit 4.2 of Registration Statement 333-116855 on Form S-3, dated June 25, 2004). |
4.12 | Second Supplemental Indenture to Senior Indenture, dated as of April 30, 2010 (Incorporated by reference herein from Exhibit 4.3 to the Company’s Quarterly Report on Form 10-Q for the period ended June 30, 2010 as filed with the SEC on August 9, 2010). |
4.13 | Third Supplemental Indenture to Senior Indenture, dated as of May 10, 2010 (Incorporated by reference herein from Exhibit 4.4 to the Company’s Quarterly Report on Form 10-Q for the period ended June 30, 2010 as filed with the SEC on August 9, 2010). |
4.14 | Fourth Supplemental Indenture to Senior Indenture, dated as of June 1, 2010 (Incorporated by reference herein from Exhibit 4.5 to the Company’s Quarterly Report on Form 10-Q for the period ended June 30, 2010 as filed with the SEC on August 9, 2010). |
4.15 | Form of Senior Note (Incorporated by reference herein from Exhibit 4.3 of Registration Statement 333-116855 on Form S-3, dated June 25, 2004). |
4.16 | Senior Notes Indenture, dated May 20, 2011, among CoreLogic, Inc., the guarantors named therein and Wilmington Trust FSB, as trustee (Incorporated by reference herein to Exhibit 4.1 to the Company's Current Report on Form 8-K as filed with the SEC on May 25, 2011). |
4.17 | Registration Rights Agreement, dated May 20, 2011, by and among CoreLogic, Inc., the guarantors identified therein, and J.P. Morgan Securities LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated, Wells Fargo Securities, LLC, Barclays Capital, Inc., SunTrust Robinson Humphrey, Inc., U.S. Bancorp Investments, Inc., Comerica Securities, Inc. and HSBC Securities (USA) Inc. (Incorporated by reference herein to Exhibit 4.2 to the Company's Current Report on Form 8-K as filed with the SEC on May 25, 2011). |
10.1 | Separation and Distribution Agreement by and between The First American Corporation and First American Financial Corporation, dated as of June 1, 2010 (Incorporated by reference herein to Exhibit 10.1 to the Company’s Current Report on Form 8-K as filed with the SEC on June 1, 2010). |
10.2 | Tax Sharing Agreement by and between The First American Corporation and First American Financial Corporation, dated as of June 1, 2010 (Incorporated by reference herein to Exhibit 10.2 to the Company’s Current Report on Form 8-K as filed with the SEC on June 1, 2010). |
10.3 | Promissory Note issued by The First American Corporation to First American Financial Corporation, dated June 1, 2010 (Incorporated by reference herein to Exhibit 10.3 to the Company’s Current Report on Form 8-K as filed with the SEC on June 1, 2010). |
10.4 | Restrictive Covenants Agreement among First American Financial Corporation and The First American Corporation, dated June 1, 2010 (Incorporated by reference herein to Exhibit 10.4 to the Company’s Current Report on Form 8-K as filed with the SEC on June 1, 2010). |
10.5 | Employment Agreement by and between First Advantage Corporation and Anand Nallathambi, dated August 10, 2009 (Incorporated by reference herein from Exhibit 99(e)(8) of Solicitation/Recommendation Statement on Schedule 14D-9 of First Advantage Corporation, dated October 9, 2009).* |
10.6 | Assignment and Assumption Agreement by and between CoreLogic, Inc. and First Advantage Corporation, dated as of June 9, 2010 (Incorporated by reference herein from Exhibit 10.10 to the Company’s Quarterly Report on Form 10-Q for the period ended June 30, 2010 as filed with the SEC on August 9, 2010).* |
10.7 | Letter Agreement by and between CoreLogic, Inc. and Mr. Nallathambi, dated June 9, 2010 (Incorporated by reference herein from Exhibit 10.11 to the Company’s Quarterly Report on Form 10-Q for the period ended June 30, 2010 as filed with the SEC on August 9, 2010).* |
10.8 | Arrangement regarding Mr. Nallathambi’s Relocation Assistance Package (Incorporated by reference herein to description included in the Company’s Current Report on Form 8-K filed with the SEC on June 14, 2010).* |
10.9 | Employment Agreement, dated May 3, 2011, between CoreLogic, Inc. and Anand K. Nallathambi (Incorporated by reference herein from Exhibit 10.6 to the Company's Quarterly Report on Form 10-Q for the period ended March 31, 2011 as filed with the SEC on May 6, 2011).* |
10.10 | Employment Agreement between CoreLogic, Inc. and George S. Livermore dated May 3, 2011 (Incorporated by reference herein to Exhibit 10.10 to the Company's Quarterly Report on Form 10-Q for the period ended June 30, 2011 as filed with the SEC on August 8, 2011).* |
10.11 | Employment Agreement, dated May 3, 2011, between CoreLogic, Inc. and Barry M. Sando (Incorporated by reference herein to Exhibit 10.11 to the Company's Quarterly Report on Form 10-Q for the period ended June 30, 2011 as filed with the SEC on August 8, 2011).* |
10.12 | Form of Employment Agreement (Incorporated by reference herein from Exhibit 10.7 to the Company's Quarterly Report on Form 10-Q for the period ended March 31, 2011 as filed with the SEC on May 6, 2011).* |
10.13 | Employment Agreement, dated August 29, 2011, between CoreLogic, Inc. and Frank Martell (Incorporated by reference herein to Exhibit 10.2 to the Company's Quarterly Report on Form 10-Q for the period ended September 30, 2011 as filed with the SEC on November 4, 2011).* |
10.14 | Employment Agreement, dated March 14, 2011, between CoreLogic, Inc. and James L. Balas (Incorporated by reference herein from Exhibit 10.85 to the Company's Annual Report on Form 10-K/A for the fiscal year ended December 31, 2011 as filed with the SEC on April 30, 2012).* |
10.15 | Employment Agreement, dated May 4, 2011, between CoreLogic, Inc. and Stergios Theologides (Incorporated by reference herein from Exhibit 10.86 to the Company's Annual Report on Form 10-K/A for the fiscal year ended December 31, 2011 as filed with the SEC on April 30, 2012).* |
10.16 | Form of Change in Control Agreement (Incorporated by reference herein to Exhibit 10.2 to the Company’s Current Report on Form 8-K as filed with the SEC on June 14, 2010).* |
10.17 | Pension Restoration Plan, effective as of June 1, 2010 (Incorporated by reference herein from Exhibit 10.18 to the Company’s Quarterly Report on Form 10-Q for the period ended June 30, 2010 as filed with the SEC on August 9, 2010).* |
10.18 | Executive Supplemental Benefit Plan, effective as of June 1, 2010 (Incorporated by reference herein from Exhibit 10.19 to the Company’s Quarterly Report on Form 10-Q for the period ended June 30, 2010 as filed with the SEC on August 9, 2010).* |
10.19 | Amendment No. 1 to the Company’s Executive Supplemental Benefit Plan, effective as of December 31, 2010 (Incorporated by reference herein from Exhibit 10.1 to the Company’s Current Report on Form 8-K as filed with the SEC on November 24, 2010).* |
10.20 | Amendment No. 2 to the Company’s Executive Supplemental Benefit Plan, dated as of January 27, 2011 (Incorporated by reference herein from Exhibit 10.23 to the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2010 as filed with the SEC on March 14, 2011).* |
10.21 | Management Supplemental Benefit Plan, effective as of June 1, 2010 (Incorporated by reference herein from Exhibit 10.20 to the Company’s Quarterly Report on Form 10-Q for the period ended June 30, 2010 as filed with the SEC on August 9, 2010).* |
10.22 | Amendment No. 1 to the Company’s Management Supplemental Benefits Plan, effective as of December 31, 2010 (Incorporated by reference herein from Exhibit 10.2 to the Company’s Current Report on Form 8-K as filed with the SEC on November 24, 2010). * |
10.23 | Amendment No. 2 to the Company’s Management Supplemental Benefit Plan, dated as of January 27, 2011 (Incorporated by reference herein from Exhibit 10.25 to the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2010 as filed with the SEC on March 14, 2011).* |
10.24 | Deferred Compensation Plan, effective as of June 1, 2010 (Incorporated by reference herein from Exhibit 10.21 to the Company’s Quarterly Report on Form 10-Q for the period ended June 30, 2010 as filed with the SEC on August 9, 2010).* |
10.25 | Amendment No. 1 to the Company’s Deferred Compensation Plan, effective as of December 31, 2010 (Incorporated by reference herein from Exhibit 10.3 to the Company’s Current Report on Form 8-K as filed with the SEC on November 24, 2010).* |
10.26 | Amendment No. 2 to the Company’s Deferred Compensation Plan, effective as of January 1, 2011 (Incorporated by reference herein from Exhibit 10.27 to the Company's Annual Report on Form 10-K/A for the fiscal year ended December 31, 2010 as filed with the SEC on March 31, 2011).* |
10.27 | Amendment No. 3 to the Company's Deferred Compensation Plan, effective as of September 29, 2011 (Incorporated by reference herein to Exhibit 10.30 to the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2011 as filed with the SEC on February 29, 2012).* |
10.28 | Amendment No. 4 to the Company's Deferred Compensation Plan, effective as of September 29, 2011 (Incorporated by reference herein to Exhibit 10.31 to the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2011 as filed with the SEC on February 29, 2012).* |
10.29 | 1997 Directors’ Stock Plan (Incorporated by reference herein from Exhibit 4.1 of Registration Statement No. 333-41993 on Form S-8, dated December 11, 1997).* |
10.30 | Amendment No. 1 to 1997 Directors’ Stock Plan, dated February 26, 1998 (Incorporated by reference herein from Exhibit (10)(m) to the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 1998 as filed with the SEC on March 22, 1999).* |
10.31 | Amendment No. 2 to 1997 Directors’ Stock Plan, dated July 7, 1998 (Incorporated by reference herein from Exhibit (10)(n) to the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 1998 as filed with the SEC on March 22, 1999).* |
10.32 | Amendment No. 3 to 1997 Directors’ Stock Plan, dated July 19, 2000 (Incorporated by reference herein from Exhibit (10)(c) to the Company’s Quarterly Report on Form 10-Q for the period ended June 30, 2000 as filed with the SEC on August 11, 2000).* |
10.33 | 1996 Stock Option Plan (Incorporated by reference herein from Exhibit 4 of Registration Statement No. 333-19065 on Form S-8, dated December 30, 1996).* |
10.34 | Amendment No. 1 to 1996 Stock Option Plan , dated February 26, 1998 (Incorporated by reference herein from Exhibit (10)(i) to the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 1998 as filed with the SEC on March 22, 1999).* |
10.35 | Amendment No. 2 to 1996 Stock Option Plan, dated June 22, 1998 (Incorporated by reference herein from Exhibit (10)(j) to the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 1998 as filed with the SEC on March 22, 1999).* |
10.36 | Amendment No. 3 to 1996 Stock Option Plan, dated July 7, 1998 (Incorporated by reference herein from Exhibit (10)(k) to the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 1998 as filed with the SEC on March 22, 1999).* |
10.37 | Amendment No. 4 to 1996 Stock Option Plan, dated April 22, 1999 (Incorporated by reference herein from Exhibit (10)(a) to the Company’s Quarterly Report on Form 10-Q for the period ended June 30, 1999 as filed with the SEC on August 16, 1999).* |
10.38 | Amendment No. 5 to 1996 Stock Option Plan, dated February 29, 2000 (Incorporated by reference herein from Exhibit (10)(o) to the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 1998 as filed with the SEC on March 22, 1999).* |
10.39 | Amendment No. 6 to 1996 Stock Option Plan, dated July 19, 2000 (Incorporated by reference herein from Exhibit (10)(b) of Quarterly Report on Form 10-Q for the period ended June 30, 2000 as filed with the SEC on August 11, 2000).* |
10.40 | Amendment No. 7 to 1996 Stock Option Plan, dated June 4, 2002 (Incorporated by reference herein from Exhibit (10)(a) to the Company’s Quarterly Report on Form 10-Q for the period ended June 30, 2002 as filed with the SEC on August14, 2002).* |
10.41 | The CoreLogic, Inc. 2006 Incentive Compensation Plan (formerly The First American Corporation 2006 Incentive Compensation Plan) (Incorporated by reference herein from Exhibit 10.42 to the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2010 as filed with the SEC on March 14, 2011).* |
10.42 | CoreLogic, Inc.'s 2011 Performance Incentive Plan (Incorporated by reference herein to Exhibit A to the Company's Proxy Statement on Schedule 14A as filed with the SEC on April 18, 2011).* |
10.43 | CoreLogic, Inc.'s Amended 2011 Performance Incentive Plan (Incorporated by reference herein to Exhibit 10.3 to the Company's Quarterly Report on Form 10-Q for the period ended September 30, 2011 as filed with the SEC on November 4, 2011).* |
10.44 | Form of Notice of Restricted Stock Unit Grant (Employee) and Restricted Stock Unit Award Agreement (Employee), approved February 27, 2007 (Incorporated by reference herein from Exhibit 99.1 to the Company’s Current Report on Form 8-K as filed with the SEC on March 5, 2007).* |
10.45 | Form of Amendment to Restricted Stock Unit Award Agreement (Incorporated by reference herein from Exhibit 99.1 to the Company’s Current Report on Form 8-K as filed with the SEC on March 26, 2007).* |
10.46 | Form of Amendment to Restricted Stock Unit Award Agreement (Incorporated by reference herein from Exhibit 99.1 to the Company’s Current Report on Form 8-K as filed with the SEC on April 10, 2007).* |
10.47 | Form of Notice of Restricted Stock Unit Grant (Employee) and Restricted Stock Unit Award Agreement (Employee), approved February 26, 2008 (Incorporated by reference herein from Exhibit (10)(tt) to the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2007 as filed with the SEC on February 29, 2008).* |
10.48 | Form of Notice of Restricted Stock Unit Grant (Employee) and Restricted Stock Unit Award Agreement (Employee), approved February 10, 2009 (Incorporated by reference herein from Exhibit 10(uu) to the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2008 as filed with the SEC on March 2, 2009).* |
10.49 | Form of Notice of Restricted Stock Unit Grant (Employee) and Restricted Stock Unit Award Agreement (Employee), approved October 5, 2009 (Incorporated by reference herein from Exhibit (10)(e) to the Company’s Quarterly Report on Form 10-Q for the period ended September 30, 2009 as filed with the SEC on November 2, 2009).* |
10.50 | Form of Notice of Restricted Stock Unit Grant (Employee) and Restricted Stock Unit Award Agreement (Employee), approved January 25, 2010 (Incorporated by reference herein from Exhibit 10(zz) to the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2009 as filed with the SEC on March 1, 2010).* |
10.51 | Form of Notice of Restricted Stock Unit Grant and Restricted Stock Unit Award Agreement (Employee) (Incorporated by reference herein to Exhibit 10.4 to the Company's Current Report on Form 8-K as filed with the SEC on May 25, 2011).* |
10.52 | Form of Notice of Restricted Stock Unit Grant (Non-Employee Director) and Restricted Stock Unit Award Agreement (Non-Employee Director) (Incorporated by reference herein from Exhibit 99.1 to the Company’s Current Report on Form 8-K as filed with the SEC on March 6, 2007).* |
10.53 | Form of Notice of Restricted Stock Unit Grant (Non-Employee Director) and Restricted Stock Unit Award Agreement (Non-Employee Director) for Non-Employee Director Restricted Stock Unit Award (Incorporated by reference herein from Exhibit 10(b) to the Company’s Quarterly Report on Form 10-Q for the period ended June 30, 2008 as filed with the SEC on August 8, 2008).* |
10.54 | Form of Notice of Restricted Stock Unit Grant (Non-Employee Director) and Restricted Stock Unit Award Agreement (Non-Employee Director), approved February 10, 2009 (Incorporated by reference herein from Exhibit 10(yy) to the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2008 as filed with the SEC on March 2, 2009).* |
10.55 | Form of Notice of Restricted Stock Unit Grant and Restricted Stock Unit Award Agreement (Non-Employee Director) (Incorporated by reference herein from Exhibit 10.14 to the Company’s Quarterly Report on Form 10-Q for the period ended June 30, 2010 as filed with the SEC on August 9, 2010).* |
10.56 | Form of Notice of Restricted Stock Unit Grant and Restricted Stock Unit Award Agreement (Employee) (Incorporated by reference herein from Exhibit 10.15 to the Company’s Quarterly Report on Form 10-Q for the period ended June 30, 2010 as filed with the SEC on August 9, 2010).* |
10.57 | Form of Notice of Restricted Stock Unit Grant and Restricted Stock Unit Award Agreement (Employee) (Incorporated by reference herein from Exhibit 10.55 to the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2010 as filed with the SEC on March 14, 2011).* |
10.58 | Form of Notice of Restricted Stock Unit Grant and Restricted Stock Unit Award Agreement (Non-Employee Director) (Incorporated by reference herein to Exhibit 10.3 to the Company's Current Report on Form 8-K as filed with the SEC on May 25, 2011).* |
10.59 | Form of Notice of Performance-Based Restricted Stock Unit Grant and Performance-Based Restricted Stock Unit Award Agreement (Employee) (Incorporated by reference to Exhibit 10.7 to the Company's Current Report on Form 8-K filed on June 1, 2010).* |
10.60 | Form of Notice of Performance-Based Restricted Stock Unit Grant and Performance-Based Restricted Stock Unit Award Agreement (Employee) (Incorporated by reference herein from Exhibit 10.57 to the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2010 as filed with the SEC on March 14, 2011). * |
10.61 | Form of Notice of Performance-Based Restricted Stock Unit Grant and Performance-Based Restricted Stock Unit Award Agreement (Employee) (Incorporated by reference herein to Exhibit 10.6 to the Company's Current Report on Form 8-K as filed with the SEC on May 25, 2011).* |
10.62 | Form of Performance-Based Restricted Stock Unit Award Agreement, approved February 19, 2013.*ü |
10.63 | Form of Notice of Nonqualified Stock Option Grant and Nonqualified Stock Option Grant Agreement (Employee) (Incorporated by reference to Exhibit 10.8 to the Company's Current Report on Form 8-K filed on June 1, 2010).* |
10.64 | Form of Notice of Nonqualified Stock Option Grant and Nonqualified Stock Option Grant Agreement (Employee) (Incorporated by reference herein from Exhibit 10.59 to the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2010 as filed with the SEC on March 14, 2011).* |
10.65 | Form of Notice of Option Grant and Option Award Agreement (Employee) (Incorporated by reference herein to Exhibit 10.5 to the Company's Current Report on Form 8-K as filed with the SEC on May 25, 2011).* |
10.66 | Form of Notice of Performance Unit Grant and Performance Unit Award Agreement, approved January 25, 2010 (Incorporated by reference herein from Exhibit 10(mmm) to the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2009 as filed with the SEC on March 1, 2010).* |
10.67 | Form of Notice of Performance Unit Grant and Performance Unit Award Agreement, approved March 1, 2011 (Incorporated by reference herein from Exhibit 10.64 to the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2010 as filed with the SEC on March 14, 2011).* |
10.68 | Form of Performance-Based Restricted Stock Unit Award Agreement, approved January 18, 2012 (Incorporated by reference herein to Exhibit 10.70 to the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2011 as filed with the SEC on February 29, 2012).*ü |
10.69 | Form of Performance Unit Award Agreement, approved January 18, 2012 (Incorporated by reference herein to Exhibit 10.71 to the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2011 as filed with the SEC on February 29, 2012).* |
10.70 | Dorado Network Systems Corporation 2011 Restricted Stock Unit Plan (Incorporated by reference herein to Exhibit 4.3 to the Company's Registration Statement on Form S-8 as filed with the SEC on May 20, 2011).* |
10.71 | Purchase Agreement between CoreLogic, Inc. and STG-Fairway Holdings, LLC, dated as of December 22, 2010 (Incorporated by reference herein to Exhibit 2.1 to the Company’s Current Report on Form 8-K filed with the SEC on December 29, 2010). |
10.72 | Credit Agreement, dated May 23, 2011, among CoreLogic, Inc., CoreLogic Australia Pty Limited, the guarantors named therein, the lenders party from time to time thereto and Bank of America, N.A., as administrative agent (Incorporated by reference to Exhibit 4.3 to the Company's Current Report on Form 8-K as filed with the SEC on May 25, 2011). |
10.73 | Third Amended and Restated Credit Agreement among The First American Corporation, the Lenders party thereto and JPMorgan Chase Bank, N.A., as Administrative Agent and Collateral Agent, dated as of April 12, 2010 (Incorporated by reference herein to Exhibit 10(c) to the Company's Quarterly Report on Form 10-Q for the period ended March 31, 2010 as filed with the SEC on May 3, 2010). |
10.74 | First Amendment to Third Amended and Restated Credit Agreement, dated as of December 3, 2010 (Incorporated by reference herein from Exhibit 10.68 to the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2010 as filed with the SEC on March 14, 2011). |
10.75 | Amendment No. 2 to Third Amended and Restated Credit Agreement, dated February 22, 2011, between CoreLogic, Inc. and JPMorgan Chase Bank, N.A., as administrative agent (Incorporated by reference herein from Exhibit 10.1 to the Company's Form 8-K as filed with the SEC on February 28, 2011). |
10.76 | Reseller Services Agreement, dated as of November 30, 1997 (Incorporated by reference herein from Exhibit (10)(g) to the Company’s Quarterly Report on Form 10-Q for the period ended March 31, 1998 as filed with the SEC on May 15, 1998). |
10.77 | Amendment to Reseller Services Agreement for Resales to Consumers, dated as of November 30, 1997 (Incorporated by reference herein from Exhibit (10)(h) to the Company’s Quarterly Report on Form 10-Q for the period ended March 31, 1998 as filed with the SEC on May 15, 1998). |
10.78 | Agreement for Service, dated October 7, 1998, between CoreLogic CREDCO (formerly First American CREDCO) and Equifax Credit Information Services, Inc. (Incorporated by reference herein from Exhibit 10.3 to the Company's Quarterly Report on Form 10-Q for the period ended March 31, 2011 as filed with the SEC on May 6, 2011). |
10.79 | Addendum to Agreement for Service, dated May 31, 2000, between CoreLogic CREDCO (formerly First American CREDCO) and Equifax Credit Information Services, Inc. (Incorporated by reference herein from Exhibit 10.4 to the Company's Quarterly Report on Form 10-Q for the period ended March 31, 2011 as filed with the SEC on May 6, 2011). |
10.80 | Reseller Service Agreement, dated April 26, 2011, between CoreLogic, Inc. and Trans Union LLC (Incorporated by reference herein from Exhibit 10.5 to the Company's Quarterly Report on Form 10-Q for the period ended March 31, 2011 as filed with the SEC on May 6, 2011). |
10.82 | Form of Indemnification Agreement (Directors and Officers) (Incorporated by reference herein to Exhibit 10.1 to the Company's Current Report on Form 8-K as filed with the SEC on May 25, 2011).* |
10.83 | Master Professional Services Agreement, dated August 17, 2011, between CoreLogic Real Estate Solutions, LLC and Cognizant Technology Solutions U.S. Corporation (Incorporated by reference herein to Exhibit 10.1 to the Company's Quarterly Report on Form 10-Q/A for the period ended September 30, 2011 as filed with the SEC on March 23, 2012).± |
10.84 | Master Services Agreement by and between the Company and Dell Marketing, L.P., dated as of July 19, 2012 (Incorporated by reference herein from Exhibit 10.1 to the Company's Quarterly Report on Form 10-Q for the period ended September 30, 2012 as filed with the SEC on October 26, 2012).± |
10.85 | Amendment No. 1 dated October 23, 2012 to the Master Services Agreement by and between CoreLogic Solutions, LLC and Dell Marketing, L.P.ü |
10.86 | Amendment No. 2 dated October 26, 2012 to the Master Services Agreement and Supplement A between CoreLogic Solutions, LLC and Dell Marketing L.P.ü ± |
10.87 | Support Agreement, dated June 11, 2012, between CoreLogic, Inc., on the one hand, and Highfields Capital Management LP, Highfields GP LLC, Highfields Associates LLC, Highfields Capital I LP, Highfields Capital II LP, and Highfields Capital III L.P., on the other hand (Incorporated by reference herein from Exhibit 99.1 to the Company's Current Report on Form 8-K as filed with the SEC on June 12, 2012). |
21.1 | Subsidiaries of the registrant.ü |
23.1 | Consent of Independent Registered Public Accounting Firm.ü |
31.1 | Certification by Principal Executive Officer Pursuant to Rule 13a-14(a) under the Securities Act of 1934, as amended.ü |
31.2 | Certification by Principal Financial Officer Pursuant to Rule 13a-14(a) under the Securities Exchange Act of 1934, as amended.ü |
32.1 | Certification by Principal Executive Officer Pursuant to 18 U.S.C. Section 1350.ü |
32.2 | Certification by Principal Financial Officer Pursuant to 18 U.S.C. Section 1350.ü |
99.1 | Audited Financial Statements of RELS LLC.ü |
101 | Extensible Business Reporting Language (XBRL) |
ü | Included in this filing |
* | Indicates a management contract or compensatory plan or arrangement in which any director or named executive officer participates. |
± | Confidential treatment has been requested with respect to portions of this exhibit pursuant to Rule 24b-2 of the Securities Exchange Act of 1934 and these confidential portions have been redacted from this exhibit. A complete copy of this exhibit, including the redacted terms, has been separately filed with the Securities and Exchange Commission. |
Notice: | You have been granted the following Performance-Based Restricted Stock Units (“Performance-Based RSUs”) in accordance with the terms of the Plan and the Performance-Based Restricted Stock Unit Award Agreement attached hereto. |
Type of Award: | Performance-Based RSUs |
Plan: | The CoreLogic, Inc. 2011 Performance Incentive Plan |
Vesting: | [Voting Term to be Inserted Here] |
Measurement Period: | The performance period for the Performance-Based RSUs shall commence on __________ and end on __________ (the “Performance Period”). Each of the ______ calendar years occurring in the Performance Period is referred to as a “Performance Year.” |
Forfeiture: | Any Performance-Based RSUs that have not been credited either with respect to the individual Performance Years or the cumulative Performance Period shall be immediately forfeited effective as of the end of the Performance Period. |
Time-Based Vesting: | [Time-Based Vesting Provisions, If Any, to be Inserted Here] |
Rejection: | If you wish to accept this Performance-Based RSU Award, please access Fidelity NetBenefits® at www.netbenefits.com and follow the steps outlined under the "Accept Grant" link at any time within forty-five (45) days after the Date of Grant. If you do not accept your grant via Fidelity NetBenefits® within forty-five (45) days after the Date of Grant, you will have rejected this Performance-Based RSU Award. |
1. | Definitions. |
2. | Grant of the Performance-Based RSUs. |
3. | Dividend Equivalents. |
4. | Vesting and Payment; Termination. |
5. | Change in Control. |
6. | Payment of Shares. |
7. | No Ownership Rights Prior to Issuance of Shares. |
8. | Detrimental Activity. |
9. | No Right to Continued Employment. |
10. | The Plan. |
11. | Compliance with Laws and Regulations. |
12. | Notices. |
14. | Other Plans. |
(a) | The consummation of a merger or consolidation of the Corporation with or into another entity or any other corporate reorganization, if fifty percent (50%) or more of the combined voting power of the continuing or surviving entity's securities outstanding immediately after such merger, consolidation, or other reorganization is owned by persons who were not stockholders of the Corporation immediately prior to such merger, consolidation, or other reorganization. |
(b) | The sale, transfer, or other disposition of all or substantially all of the Corporation's assets or the complete liquidation or dissolution of the Corporation. |
(c) | A change in the composition of the Board occurring within a two (2) year period, as a result of which fewer than a majority of the directors are Incumbent Directors. “Incumbent Directors” shall mean directors who are directors of the Corporation immediately following the consummation of the transactions contemplated by the Separation and Distribution Agreement by and between the Corporation and the First American Financial Corporation dated June 1, 2010 (the “Separation Agreement”). “Incumbent Directors” shall also include directors who are elected, or nominated for election, to the Board with the affirmative votes of at least a majority of the Incumbent Directors at the time of such election or nomination, but shall not include an individual not otherwise an Incumbent Director whose election or nomination is in connection with an actual or threatened proxy contest relating to the election of directors to the Corporation. |
(d) | Any transaction as a result of which any person or group is or becomes the “beneficial owner” (as defined in Rule 13d-3 under the Securities Exchange Act of 1934), directly or indirectly, of securities of the Corporation representing at least thirty percent (30%) of the total voting power of the Corporation's then outstanding voting securities. For purposes of this paragraph, the term “person” shall have the same meaning as when used in Sections 13(d) and 14(d) of the Securities Exchange Act of 1934, but shall exclude: (i) a trustee or other fiduciary holding securities under an employee benefit plan of the Corporation or of a Subsidiary of the Corporation; (ii) so long as a person does not thereafter increase such person's beneficial ownership of the total voting power represented by the Corporation's then outstanding voting securities, a person whose beneficial ownership of the total voting power represented by the Corporation's then outstanding voting securities increases to thirty percent (30%) or more as a result of the acquisition of voting securities of the Corporation by the Corporation which reduces the number of such voting securities then outstanding; or (iii) so long as a person does not thereafter increase such person's beneficial ownership of the total voting power represented by the Corporation's then outstanding voting securities, a person that acquires directly from the Corporation securities of the Corporation |
This document contains proprietary and confidential information of CoreLogic and Dell. The information contained in this document may not be disclosed outside either Party without the prior written permission of the other Party. |
1. | DEFINITIONS. Capitalized terms used in this Amendment but not defined herein shall have the meanings given in the Agreement. |
2. | AGREEMENT AMENDMENTS. |
2.1 | Restatement of Annexes and Schedules. |
2.2 | Deletion of Schedules. The following Schedules to the MSA are hereby stricken in their entirety: |
a. | Schedule 8.1 (Information Security Policy Set), including its sub-Schedules: |
b. | Schedule 8.2 (Compliance Policy Set), including its sub-Schedules: |
3. | GENERAL. |
3.1 | Governing Law. This Amendment shall be governed by and construed in accordance with the terms set forth in Section 19.4 of the MSA. |
3.3 | Headings. The article and section headings and the table of contents used herein are for reference and convenience only and will not be considered in the interpretation of this Amendment. |
3. | Counterparts. This Amendment may be executed in several counterparts, all of which taken together will constitute one single agreement between the Parties. |
3.4 | Full Force and Effect. Except to the extent hereby amended, the Agreement shall remain in full force and effect and is hereby ratified and affirmed by the Parties. |
CoreLogic: CORELOGIC SOLUTIONS LLC By: Name: Title: Date: | Supplier: DELL MARKETING L.P. By: Name: Title: Date: |
This document contains proprietary and confidential information of CoreLogic and Dell. The information contained in this document may not be disclosed outside your company without the prior written permission of CoreLogic and Dell. |
1. | Introduction |
1.1 | Agreement. This Schedule 8 (this “Schedule”) is attached to and incorporated by reference in that certain Master Services Agreement by and between CoreLogic and Supplier dated July 19, 2012 (the “MSA”). |
1.2 | References. All references in this Schedule to articles, sections and attachments shall be to this Schedule, unless another reference is provided. |
1.3 | Definitions. Terms used in this Schedule with initial capitalized letters but not defined in this Schedule shall have the respective meanings set forth in Schedule 1 to the MSA or the other Schedules to the MSA. |
(a) | The “Information Security Policy Set” shall include the then-current versions of the following documents. |
(b) | The “Compliance Policy Set” shall include the then-current versions of the following documents. |
This document contains proprietary and confidential information of CoreLogic and Dell. The information contained in this document may not be disclosed outside either Party without the prior written permission of the other Party. |
1. | APPLICABILITY OF PROVISIONS OF THE AGREEMENT |
2. | AMENDMENT TO MSA |
(k) | Data Requests and Legal Holds. Supplier shall cooperate with any document and record discovery requests (whether in connection with pending litigation or other investigations) made by CoreLogic related to CoreLogic Data on Systems supported by Supplier as part of the Services, including without limitation, by promptly carrying out, at CoreLogic's direction: the dissemination of preservation requests; making data available for search; imaging of systems; back up of electronic information; maintenance, retention and production of any such data; assisting CoreLogic and its forensic experts with establishing the chain of custody of data while such data was in Supplier's control; and maintenance of detailed records of its efforts to preserve data, all as reasonably requested by CoreLogic. |
3. | NEW AND AMENDED CONTRACT DOCUMENTS |
• | To remove the reference to Schedule A-13.3, to add Minnesota to Section 7.3 and to change the Term of the Supplement to January 31, 2020. |
• | To define the “terms to be defined” previously listed in Section 4. |
• | To add functions under Section 1.2.3 (Storage Management Execution). |
• | To change the heading of column L from “Associated Hours of Operation” to “Measurement Window” and to correct the reference of “14 hours” to “14 days” in the Low Volume Eligible Column of the Physical Server Provisioning Midrange SLA. |
• | To remove incorrect reference to “iSeries” in Section 1.7 and to reflect the change from Linux Non Standard OS platform to Linux OS platform in Section 1.8. |
• | To add new pricing for Mainframe Configuration Coding and Testing (Incremental Natural to COBOL). |
• | To add six new office locations. |
• | To revise the service description, including to add Mainframe Configuration Coding and Testing (Incremental Natural to COBOL) Services. |
4. | Deletion of Contract Documents. |
5. | MISCELLANEOUS |
5.1 | Governing Law. This Amendment shall be governed by and construed in accordance with the terms set forth in Section 19.4 of the Agreement. |
5.2 | Headings. The article and section headings and the table of contents used herein are for reference and convenience only and will not be considered in the interpretation of this Amendment. |
5.3 | Other Provisions of the Agreement Unchanged. Except as specifically amended by this Amendment, all other provisions of the Agreement shall remain in full force and effect and shall not be altered by this Amendment. |
5.4 | Signatures. This Amendment may be signed in multiple counterparts, each of which shall be an original but all of which shall constitute one and the same Amendment. Signatures to this Amendment sent by facsimile or by PDF shall be deemed for all purposes to be the same as original signatures. |
This document contains proprietary and confidential information of CoreLogic and Dell. The information contained in this document may not be disclosed outside either Party without the prior written permission of the other Party |
1. | Introduction |
1.1 | Precedence of Obligations. The Parties acknowledge that certain obligations may be set forth in both this Schedule and elsewhere in the Agreement, and that in the event of a conflict, such conflict shall be resolved in accordance with Section 21.13 of the MSA. |
1.2 | References. All references in this Supplement to articles, sections and attachments shall be to this Supplement, unless another reference is provided. |
1.3 | Associated Supplement Documents. |
(a) | Schedule 1 to the MSA is hereby supplemented with the definitions set forth in Schedule A-1 to this Supplement. |
(b) | The definitions added by this Supplement to Schedule 1 to the MSA shall apply only with respect to the Services provided under this Supplement. |
3. | SERVICE LEVELS. |
4. | PRICING AND FINANCIAL PROVISIONS. |
5. | HUMAN RESOURCE PROVISIONS. |
6. | GOVERNANCE. |
7. | FACILITIES. |
7.1 | CoreLogic Facilities. In accordance with Section 6.2 of the MSA, CoreLogic will provide Supplier with space and office furniture and the other accommodations required under Section 6.2 of the MSA in CoreLogic Facilities described in Schedule A-7.1 to this Supplement for the performance of the Services under this Supplement. |
7.2 | Supplier Facilities. In accordance with Section 6.1 of the MSA, Supplier may use Supplier Facilities set forth in Schedule A-7.2 to this Supplement for the performance of the Services under this Supplement. |
9. | THIRD PARTY CONTRACTS. |
9.1 | In accordance with Section 11.2(a) of the MSA, as of the Supplement Effective Date, the Administered Expenses applicable to this Supplement are invoices associated with CoreLogic's Third Party Contracts for transport charges for circuits and ***, as further described in Schedule A-2.9. |
9.2 | In accordance with Section 6.6(a) of the MSA, as of the Supplement Effective Date, there are no Third Party Contracts to be assigned by CoreLogic to Supplier pursuant to this Supplement. |
9.3 | In accordance with Section 4.5(c) of the MSA, as of the Supplement Effective Date, there are no Managed Third Parties applicable to this Supplement. |
15. | SUBCONTRACTORS. |
16. | CORELOGIC AUTHORIZED SIGNATORIES. |
Name | Title/Role |
*** | Chief Information Officer |
*** | SVP, Business Integration and Process Excellence |
*** | VP, Enterprise Technology Services |
*** | SVP, Information Technology |
*** | VP, Data & Analytics |
17. | SUPPLEMENT TERM. |
CORELOGIC SOLUTIONS, LLC | DELL MARKETING L.P. |
By: _________________________________ | By:_____________________________________ |
Title:________________________________ | Title:____________________________________ |
Date:________________________________ | Date:____________________________________ |
This document contains proprietary and confidential information of CoreLogic and Dell. The information contained in this document may not be disclosed outside your company without the prior written permission of CoreLogic and Dell. |
1. | INTRODUCTION |
1.1 | Agreement. This Schedule A-1 (this “Schedule”) is attached to and incorporated by reference in Supplement A to that certain Master Services Agreement by and between CoreLogic and (“Supplier”) dated July 19, 2012 (the “MSA”). |
1.2 | References. All references in this Schedule to articles, sections and attachments shall be to this Schedule, unless another reference is provided. |
1.3 | Definitions. Terms used in this Schedule with initial capitalized letters but not defined in this Schedule shall have the respective meanings set forth in Schedule 1 to the MSA or the other Schedules to the MSA or Supplement A. |
3. | COMMONLY USED ACRONYMS |
4. | RESERVED. |
This document contains proprietary and confidential information of CoreLogic and Dell. The information contained in this document may not be disclosed outside your company without the prior written permission of CoreLogic and Dell. |
1. | INTRODUCTION |
1.1.1 | Agreement. This Schedule A-2.5 (this “Schedule”) is attached to and incorporated by reference in Supplement A to that certain Master Services Agreement by and between CoreLogic and Supplier dated July 19, 2012 (the “MSA”). |
1.1.2 | References. All references in this Schedule to articles, sections and exhibits shall be to this Schedule, unless another reference is provided. |
1.1.3 | Definitions. Terms used in this Schedule with initial capitalized letters but not defined in this Schedule shall have the respective meanings set forth in Schedule A-1 to Supplement A, Schedule 1 to the MSA or the other Schedules to the MSA or Supplement A. |
1.1.4 | Overview. Supplier shall be responsible for performing the storage and backup services, functions and responsibilities in this Schedule (the “Storage and Backup Services”). |
1.1.5 | Service Availability. Supplier shall provide the Services on a 24x7 basis; unless otherwise agreed by CoreLogic. |
1.1.6 | Responsibilities. |
1.2 | Storage/Backup and Restore Management and Operations. |
1.2.1 | Storage Management. |
1.2.2 | Storage Management Requirements. |
No. | Description | Supplier | CoreLogic |
1.2.2.1 | Define, update, and communicate storage requirements across platforms and Services. | P | |
1.2.2.2 | In accordance with Schedule A-12, provide a monthly summary of pending storage provisioning requests to CoreLogic. | P | |
1.2.2.3 | Initiate requests for new storage resources or for increases/decreases of existing storage resources. | P | A |
1.2.2.4 | On a *** basis and in accordance with Schedule A-12, provide detailed report of storage provisioned, by business unit in support of allocations model. | P | A |
1.2.3 | Storage Management Execution. |
No. | Description | Supplier | CoreLogic |
1.2.3.1 | Develop, maintain and update as appropriate existing detailed SAN design, engineering, SAN testing and integration procedures that meet CoreLogic’s requirements. | P | A |
1.2.3.2 | Identify and Resolve storage equipment and SAN Fabric Incidents. | P | |
1.2.3.3 | Interface with Authorized Users and manage file share access and space requests. | P | |
1.2.3.4 | Provide storage space allocations. | P | |
1.2.3.5 | Provide, manage and maintain Tape libraries and Tape drives. | P | |
1.2.3.6 | Maintain inventory of storage media equipment, volumes allocated and naming assignments within the Designated Data Center environments and Remote Sites set forth in Schedule A-7. | P | |
1.2.3.7 | Mount, dismount, initialize and manage storage media as required within the Designated Data Centers and CoreLogic Facilities set forth in Schedule A-7. | P | |
1.2.3.8 | Perform storage management functions with respect to the Windows and UNIX attached SAN (e.g., RAID array, SAN, NAS, tape, optical), as well as locally attached storage. | P | |
1.2.3.9 | Manage storage data in a manner that shall meet the Availability requirements set forth in Schedule A-3.1. | P | |
1.2.3.10 | Manage and optimize storage performance in support of the Services. | P | |
1.2.3.11 | Allocate, de-allocate, and re-allocate storage as required or requested by CoreLogic. | P | |
1.2.3.12 | Migrate data as required or requested by CoreLogic. | P | |
1.2.3.13 | Implement security practices (e.g., logical unit masking) to prevent unauthorized storage access. | P | A |
No. | Description | Supplier | CoreLogic |
1.2.3.14 | Perform data replication in accordance with Schedule A-12, and data recovery Services in accordance with Section13.2(d) of the MSA and CoreLogic’s requirements. | P | |
1.2.3.15 | Update/manage storage recovery procedures and processes across the storage platforms. | P | |
1.2.3.16 | Monitor storage systems for reliability and malfunction. | P | |
1.2.3.17 | Maintain and improve storage resource efficiency and space requirements. | P | |
1.2.3.18 | Provision storage from arrays to host(s) in accordance with CoreLogic requirements. | P | |
1.2.3.19 | Through mutual agreement on replication requirements, configure and maintain local and remote SAN-based replication. | P | A |
1.2.3.20 | Configure and reconfigure Storage Equipment and Software as required or requested by CoreLogic, including any required third party support. | P | |
1.2.3.21 | In accordance with Schedule A-12, perform *** true-up reporting reconciling all storage deployed in the previous quarter from the CoreLogic *** capacity-on-demand pool for all *** storage hardware used to provide storage Services. | P | |
1.2.3.22 | Load and maintain removable media Equipment (including peripheral Equipment, such as Tape drives) with appropriate media for operating runs. | P | |
1.2.3.23 | Coordinate transport and delivery of media to and from the applicable third party offsite secure storage Supplier (e.g., Iron Mountain) to CoreLogic-designated locations as required to perform the Services and required by CoreLogic and store removable media returned by such third party supplier. | P | |
1.2.3.24 | Manage the distribution of all Tapes. | P | |
1.2.3.25 | Maintain a media inventory catalog of all files and Tapes (or alternative media) used to store CoreLogic Data. | P | |
1.2.3.26 | Retain backups in accordance with the retention period for Contract Records set forth in Section 9.10(a) of the MSA for auditing purposes and change backup retention periods and create and maintain new backup jobs as required by CoreLogic in connection with CoreLogic’s legal requirements (e.g. litigation holds, Human Resource investigations, special retention backups). | P | |
1.2.3.27 | Coordinate management of media. | P | |
1.2.3.28 | Develop and document manual media (e.g., Tapes) processing procedures that meet CoreLogic’s requirements and data retention policies and include the following: (i) procedures governing cycling/rotation/disposal of media; and (ii) media management and media retention periods (including for auditing purposes). | P | |
1.2.3.29 | Perform a *** audit of offsite stored media against the offsite inventory catalog. | P |
No. | Description | Supplier | CoreLogic |
1.2.3.30 | Promptly change backup retention periods and create and maintain new backup jobs as required by CoreLogic (e.g., litigation holds, internal and government investigations) | P | |
1.2.3.31 | Promptly isolate, configure, manage and maintain email mailboxes for CoreLogic Personnel that have been identified by CoreLogic for unique and temporary retention requirements (e.g., litigation holds, internal and government investigations) (“Targeted Retention Mailboxes”), which may include: (i) retention of deleted email; (ii) targeted backup retention periods; (iii) support of CoreLogic's e-discovery requests; and (iv) making available to CoreLogic and its designated third parties access to such mailboxes or mailbox files in the format required by CoreLogic (“CoreLogic Special Retention Services”). Supplier shall discontinue the CoreLogic Special Retention Services upon request by CoreLogic and reconfigure the Targeted Retention Mailboxes to their normal operating functions and configurations | P |
1.2.4 | Storage Performance Monitoring. |
No. | Description | Supplier | CoreLogic |
1.2.4.1 | Resolve exceptions and alerts related to Enterprise Storage and the Storage Equipment. | P | |
1.2.4.2 | Analyze storage capacity on a *** basis and propose to CoreLogic changes to the Enterprise Storage (e.g., elimination of unused Enterprise Storage and appropriate allocations of Enterprise Storage, recommended additional capacity of Enterprise Storage). | P | |
1.2.4.3 | Develop and implement data migration, archival, backup, catalogue maintenance, and retention management procedures. | P | A |
1.2.4.4 | Perform storage performance analysis in response to Incidents, Service Requests, and as needed to provide the Services. | P | |
1.2.4.5 | Configure and maintain existing Storage Management Software for storage reporting, monitoring and management. | P |
1.2.5 | Backup and Restore Management. |
No. | Description | Supplier | CoreLogic |
1.2.5.1 | Perform data backups and monitor for the successful completion of backups and create Incidents for failed backups. Install and configure backup Equipment, schedule backups, and through Request Management procedures, execute on-demand backups. | P |
No. | Description | Supplier | CoreLogic |
1.2.5.2 | Perform and monitor the successful completion of backup procedures and create Incidents for unsuccessful backups. Install and configure backup equipment, schedule backup processes, and through Request Management Procedures, execute on-demand backup. | P | |
1.2.5.3 | Perform and monitor for the successful completion of recovery procedures, including online, partial, or other recovery procedures and create Incidents for unsuccessful recoveries. | P | |
1.2.5.4 | Resolve exceptions and alerts related to the Enterprise Storage and Storage Equipment. | P | |
1.2.5.5 | Subject to the capabilities of the replication method selected, provide a recovery procedure for restoring a data image to a previous level within the applicable timeframes. | P | |
1.2.5.6 | On a *** basis, provide recommendations to CoreLogic regarding backup and recovery considerations, such as improved levels of protection, efficiencies and cost reductions. | P | A |
1.2.5.7 | Implement CoreLogic-approved recommendations on backup and recovery considerations. | P | A |
1.2.5.8 | Backup CoreLogic Data and information in accordance with CoreLogic backup, archive and retention schedules and other requirements, as provided by CoreLogic, including regular backups on all Systems. | P | |
1.2.5.9 | Maintain and manage backup schedule and backup windows per environment to minimize the impact on the CoreLogic environments. | P | |
1.2.5.10 | Resolve backup failure Incidents in accordance with applicable Incident Management requirements. | P | |
1.2.5.11 | Through agreed upon Restore criteria and requirements, perform random sample test Restores from backups for validity checks and troubleshoot and remediate any issues relating from such test. | P | |
1.2.5.12 | Restore backup data image to the appropriate target Server, including multiple data sets restores, as required to perform the Services or to fulfill CoreLogic requests. | P | |
1.2.5.13 | Create scripts for customized backups as required to meet backup windows. | P | |
1.2.5.14 | Implement procedures for retrieving backed-up and archived storage media (onsite or offsite) as requested by CoreLogic or as required to support the Services. | P | |
1.2.5.15 | Configure and schedule backup and recovery Tools. | P | |
1.2.5.16 | Following Incidents related to the Storage Equipment or Software, implement improvements in backup procedures and Tools. | P | |
1.2.5.17 | Perform load balancing on backup schedules to optimize performance. | P | |
1.2.5.18 | Load and configure backup Software on Systems. | P | |
1.2.5.19 | Maintain and manage the scratch Tape queue. | P |
No. | Description | Supplier | CoreLogic |
1.2.5.20 | Escalate Tape library or Tape drive failures to applicable Third Party Contractors (e.g., Sun). | P | |
1.2.5.21 | Perform all activities necessary to connect new Infrastructure components to shared storage and backup Infrastructure. | P | |
1.2.5.22 | Implement changes to the backup/recovery system based on generally accepted industry and manufacturer best practices. | P | A |
1.2.5.23 | Dispose of storage media (e.g. Tapes, disks, etc.) at CoreLogic Facilities in accordance with Section 6.5(e)(ii) of the MSA and CoreLogic security and compliance policies. | P | A |
1.2.5.24 | Implement procedures for recycling media regularly, managing media replacement and recopying media to provide data integrity and quality. | P | |
1.2.5.25 | In accordance with CoreLogic encryption requirements and Schedule 12 to the MSA, implement necessary capability and procedures for encrypting removable media (for backup purposes). | P | A |
This document contains proprietary and confidential information of CoreLogic and Dell. The information contained in this document may not be disclosed outside your company without the prior written permission of CoreLogic and Dell. |
2.1 | Service Management |
Service Level | Category | Service Level Metric | Definition | Formula | Formula Variable A | Formula Variable B | Exceptions | Measurement Method | Measurement Window | *** Eligible | Continuous Improvement Eligible | Weighting |
Incident Management | ||||||||||||
Incident Handling - Severity 1 (Critical): Percent of Severity 1 Incidents that are restored within the target timeframe | Critical Service Level | ***% of Incidents are restored within *** hours | Measures the time interval between an Incident record being registered in the service management tool for Severity 1 Incidents to the time normal service operation is restored via implementing a solution to the known error or by employing a workaround | Service Level Achievement = (A/B) * 100% | A = Count of Severity 1 Incidents resolved on time | B = Count of Severity 1 Incidents resolved for the Measurement Period | Restoration Time does not include the following: * Time that Incident Tickets are in “suspend mode” due to previously unknown third-party software defects. * Time that Incident Tickets are in “suspend mode” for equipment-related failures at non-Supplier Facilities. * Time incurred restoring Application data and/or functionality from tape media after Supplier has returned Equipment to service. * Third Party Hardware Exception * Adjustments to the Service Levels approved by CoreLogic in its sole discretion pursuant to the last sentence of Section 4.4 of the MSA in order to permit the performance of new or additional work activities as contemplated by Section 4.4 of the MSA | OPAS Incident Tickets | 24x7 | Yes, provided that if any single Incident is not resolved within ***hours, then this *** exception shall not apply | No | ***% |
Incident Handling - Severity 2 (High): Percent of Severity 2 Incidents that are restored within the target timeframe | Critical Service Level | ***% of Incidents are restored within *** hours | Measures the time interval between an Incident record being registered in the service management tool for Severity 2 Incidents to the time normal service operation is restored via implementing a solution to the known error or by employing a workaround | Service Level Achievement = (A/B) * 100% | A = count of Severity 2 Incidents resolved on time | B = count of Severity 2 Incidents resolved for the Measurement Period | Restoration Time does not include the following: * Time that Incident Tickets are in “suspend mode” due to previously unknown third-party software defects. * Time that Incident Tickets are in “suspend mode” for equipment-related failures at non-Supplier Facilities. * Time incurred restoring Application data and/or functionality from tape media after Supplier has returned Equipment to service. * Third Party Hardware Exception * Adjustments to the Service Levels approved by CoreLogic in its sole discretion pursuant to the last sentence of Section 4.4 of the MSA in order to permit the performance of new or additional work activities as contemplated by Section 4.4 of the MSA | OPAS Incident Tickets | 24x7 | Yes, provided that if any single Incident is not resolved within ***hours, then this *** exception shall not apply | Yes | ***% |
Incident Communication - Initial: Percentage of Severity 1 and Severity 2 Incidents that are communicated within the target timeframe | Key Measurement | ***% of Incidents are communicated within *** min | Measures the time interval between an Incident record being registered in the service management tool for Severity 1 and Severity 2 Incidents and the time a page/phone and email is sent to CoreLogic via OPAS’s FYI paging functionality. Elapsed number of minutes between the creation of a Severity Level 1 Incident and the time that Dell activates the Major Incident Management process (MIM), including notifying CoreLogic via using the standard High Priority Incident Notification Email template, to resolve such Severity Level 1 Incident, as reflected in the corresponding Incident Ticket. | Service Level Achievement = (A/B) * 100% | A = count of all Severity 1 & Severity 2 Incidents communicated within timeframe | B = count of Severity 1 and Severity 2 Incidents for the Measurement Period | * Does not include actual timestamp of receipt or any communication outside the automated Dell OPAS solution. | OPAS Incident Tickets | 24x7 | Yes, provided that if any single Incident is not resolved within ***minutes, then this *** exception shall not apply. | No | *** |
Percentage of notifications (including automated alerts) that are accurately ***, *** and *** into the appropriate *** | Key Measurement | ***% of Severity 1 and 2 Incident notifications are accurately***, *** and *** into *** | Measures the percentage of incidents that are submitted to the ticketing system and have initial accurate categorization and assignment. For greatest accuracy, an Incident record should be created to track each inaccuracy. This would be measured using OPAS Incidents and reporting exceptions. | Service Level Achievement = (A/B) * 100% | A = count of total Severity 1 and 2 Incidents - count of Severity 1 and 2 inaccurate Incidents | B = total count of Severity 1 and 2 Incidents for the Measurement Period | * Any trusted or custom event source incidents (those submitted from outside the current Supplier tools or teams) will be agreed upon before being included in this calculation. | OPAS Incident Tickets | 24x7 | Yes | Yes | *** |
Incident Communication - Continual: Percentage of Incidents where updates are sent within the target | Key Measurement | 97% of Severity 1 updates sent every *** min | Measures the percentage of Incidents where communication to applicable stakeholders is performed within the appropriate timeframes for Severity 1 Incidents. Measurement of this will be through an agreed-upon process and timestamp within the OPAS system or transmission mechanism. | Service Level Achievement = (A/B) * 100% | A = count of total Severity 1 Incidents - count of Severity 1 Incidents with missed communication targets | B = total count of Severity 1 Incidents for the Measurement Period | * This does not include any communication outside the Supplier Service Management process. | OPAS Incident Tickets | 24x7 | Yes, provided that if any single updateis not resolved within ***(***) minutes, then this *** exception shall not apply. | No | *** |
Problem Management | ||||||||||||
Percentage of times a service impact document that covers the items listed below is completed for Severity 1 and Severity 2 Incidents and a Problem Review Meeting is completed within the target timeframe. * Incident details through restoration * Business impact * RCA - if known * Long term - fix if known | Key Measurement | ***% of service impact documents are created within*** for Severity*** Incidents | Within *** day, an initial Problem record is created (service impact document), and within *** business days, a draft Root Cause Analysis (RCA) is created. Measures the percentage of times a service impact document that covers the items listed below is completed for Severity 1 Incidents and a Problem Review Meeting is completed within the target timeframe. * Incident details through restoration * Business impact * RCA - if known * Long term - fix if known Problem review meeting will be held and draft RCA will be ready within 48 hours. Actual closure of the RCA and Problem record is dependent on change activities needed. | Service Level Achievement = (A/B) * 100% | A =count of service impact documents created on time | B = total count of service impact documents required for the measurement period | * Excludes Problem records where CoreLogic critical/key stakeholder participation was not included within the target timeframe. | OPAS Problem Records | Business Hours | No | Yes | *** |
Asset Management | *** |
Asset inventory accuracy percentage | Key Measurement | ***% | Measures the accuracy of 10% of CIs and associated attributes (as defined in the Policy and Procedures Manual) stored in the Supplier Asset Management Database | Service Level Achievement = (A/B) * 100% | A = count of accurate reported CIs and associated attributes within sample set | B = total count of sample set CIs and associated attributes within the asset database for the Measurement Period | • Any assets within the sample set that are unavailable or inaccessible to Supplier tools and/or Supplier Personnel will be excluded from this calculation. | OPAS Asset Management and KACE | Business Hours | No | No | *** |
CSAT SLA | *** | |||||||||||
CoreLogic Operation Managers customer satisfaction | Key Measurement | >=*** | Measures Supplier’s performance through a jointly created quarterly survey to ‘CoreLogic Operational Managers’ (Measured on a 1 - 5 scale). Expected survey set of 15-20 individuals. Average of all of the numeric scores selected by an Operational Managers in such survey (on a scale of 1 to 5, with 5 representing the highest level of satisfaction | Service Level Achievement = (A/B) * 100% | A = Sum of score responses from Operational Managers | B = Number of responses received | * Minimum acceptable returned surveys:: ***% of surveys returned | OPAS | NA | No | No | *** |
End User customer satisfaction | Key Measurement | >=*** | Measures Supplier’s performance through a survey sent to 30% of ‘End Users’ (Measured on a 1 - 5 scale). Average of all of the numeric scores selected by an Authorized User in such survey (on a scale of 1 to 5, with 5 representing the highest level of satisfaction | Service Level Achievement = (A/B) * 100% | A = Sum of score responses from Authorized Users | B = Number of responses received | * Minimum acceptable sample: ***% of surveys distributed | OPAS | NA | No | No | *** |
End User customer satisfaction drop | Key Measurement | *** | Number of months in a year (measured annually) when end user CSAT dropped below the prior month. Auto surveys based on services requested across all towers/functions. Compiled and summarized monthly. | Count of number of months with Auhtorized User satisfaction below prior month | NA | NA | * Measured at the anniversary of Service Commencement Date * Drops in Authorized User satisfaction due to exceptional business events or due to CoreLogic directed | OPAS | NA | No | No | *** |
2.2 | Employee Service Desk |
Service Level | Category | Service Level Metric | Definition | Formula | Formula Variable A | Formula Variable B | Exceptions | Measurement Method | Measurement Window | *** Eligible | Continuous Improvement Eligible | Weighting | |
Average Speed to Answer (ASA) - Percentage of help desk calls that are responded to within a target timeframe | Critical Service Level | ***% of calls answered <=*** seconds | Average Speed to Answer (ASA) is the average across all calls to the Service Desk for the time taken from when a call is deemed to have entered the “wait queue” (once the caller has made their final selection from the IVR (interactive voice response) menu) to the time a Service Desk agent answers the call for the purposes of providing Services | Service Level Achievement = A / B | A = the aggregate elapsed time in the Measurement Period within which telephone calls placed to the Service Desk by Authorized Users are answered | B = the total number of telephone calls to Service Desk in the applicable Measurement Period that are answered | Excludes abandoned calls. | Automatic Call Distribution (ACD) | 24x7 | No | Yes | ***% | |
Average Handle Time (AHT) - Percentage of help desk calls that are handled to within the target timeframe | Key Measurement | KPI | Average Handle Time (AHT) is the average across all calls to the Service Desk for a Measurement Period of the time taken on the phone by the Service Desk agent for each call. Need to immediately make this a KPI on Day 1 | Service Level Achievement = A / B | A = total time in seconds of all calls answered by a Service Desk agent during the Measurement Period | B = number of answered calls | None | Automatic Call Distribution (ACD) | 24x7 | No | Yes, but capped at *** | *** |
Abandon Rate - Maximum percentage of help desk calls that are abandoned | Key Measurement | <=***% | Call Abandon Rate measured as a percentage by adding the total number of calls to the Service Desk that hang up after selecting an option on the Voice Response Unit and before the call is answered by a live person and dividing this by the total number of calls to the Service Desk during the Measurement Period | Service Level Achievement = (A/B) * 100% | A = The number of abandoned calls queued to an agent | B = total calls answered + number of abandoned calls queued | None | Automatic Call Distribution (ACD) | 24x7 | No | Yes | *** | |
First Call Resolution - Percentage of help desk calls that are resolved on the first call in less than *** minutes. | Critical Service Level | >=***% | First Call Resolution is the measurement of how many calls are resolved by the Service Desk upon first contact by the Authorized User. | Service Level Achievement = (A/B) * 100% | A = Total Incidents where Authorized User’s Incident is resolved on 1st contact at the Service Desk | B = Total Incident Tickets received by the Service Desk via phone contact | * Incidents received by the Service Desk by means other than telephone (for example, e‑mail, fax, self service portal) will be excluded when calculating attainment for this Service Level; Calls for which a ticket has already been opened for the same Incident. Incidents that cannot be resolved by the Service Desk, as defined in a list to be developed by Dell during Transition Period and updated from time to time, in each case approved by CoreLogic. | OPAS Incident Tickets | 24x7 | No | Yes | ***% |
2.3 | End User Device Support and Engineering |
Service Level | Category | Service Level Metric | Definition | Formula | Formula Variable A | Formula Variable B | Exceptions | Measurement Method | Measurement Window | *** Eligible | Continuous Improvement Eligible | Weighting | |
End User Devices (Desktops, Laptops, Printers, Phones and Wireless Devices) Note: Includes call center agents | |||||||||||||
End User Device Setup (new user) - Percentage of new user setups that are successfully completed within the target timeframe | Key Measurement | ***% of requests completed within *** days | Measures the percentage of New Authorized User setup requests that are completed within the required timeframes during the Measurement Period | Service Level Achievement = (A/B) * 100% | A = Number of On-Time End User Device Setup Service Requests | B = Total number of End User Device Setup Service Requests for the Measurement Period | * Batch new user setups will be excluded from the On-Time Completion percentage calculation. * Time before arrival of assets will be excluded from this measurement (i.e., ticket is submitted after arrival of all necessary assets.) | OPAS Service Requests | Business Hours | Yes, provided that if any single request is not resolved within *** (***) days, then this *** exception shall not apply | Yes | *** |
End User Device Services Support - Percentage of end user device service support Incidents that are successfully completed within the target timeframe | Key Measurement | ***% of Incidents completed within *** at staffed sites and within *** *** for non-staffed sites | Measures the time interval between an Incident record being registered in the service management tool for Desktop Services related Incidents to the time that operation is restored | Service Level Achievement = (A/B) * 100% | A = count of Desktop Services related Incidents resolved on time | B = count of Desktop Services related Incidents for the Measurement Period | Restoration Time does not include the following: * Time that Incident Tickets are in "suspend mode" due to previously unknown third-party Software defects * Time that Incident Tickets are in "suspend mode" for equipment-related failures at non-Dell facilities. * Time incurred restoring Application data and/or functionality from tape media after Dell has returned Equipment to service. * Third Party Hardware Exception * Adjustments to the Service Levels approved by CoreLogic in its sole discretion pursuant to the last sentence of Section 4.4 of the MSA in order to permit the performance of new or additional work activities as contemplated by Section 4.4 of the MSA | OPAS Incident Tickets | Business Hours | Yes, provided that if any single Incident is not resolved within *** (***) days at staffed sites and more than *** (***) days for non-staffed sites, then this *** exception shall not apply | Yes | *** |
End User Device Termination - Percentage of employee end user device termination requests that are successfully completed within the target timeframe | Key Measurement | ***% of requests completed within *** days | Measures the degree of compliance of request for End User Device termination within the time period specified. The time period used is the elapsed time from activation of a task to closure of the Service Management Workflow System record. | Service Level Achievement = (A/B) * 100% | A = Number of On-Time End User Device Termination Service Requests | B = Total number of End User Device Termination Service Requests for the Measurement Period | * This excludes any recovery of employee physical assets (for assets not in CoreLogic offices) | OPAS Service Requests | Business Hours | Yes, if single Incident resulting in default is restored in less than *** days | Yes | *** | |
Packaging (Develop and Push) - Percentage of packaging requests that are successfully completed within the target timeframe | Key Measurement | ***% of work requests are completed within *** days | Measures the time taken to package software from the receipt of a request for new software to the time that the software is available for the Authorized User to install via the software distribution system | Service Level Achievement = (A/B) * 100% | A = Number of packaging Service Requests completed within the required timeframe | B = Total number of packaging Service Requests for the Measurement Period | * Any time greater than *** business days for CoreLogic to perform applicable testing of the software package | OPAS Service Requests | Business Hours | Yes, provided that if any single request is not resolved within *** (***) days, then this *** exception shall not apply | No | *** | |
End User Device Moves/Adds/Changes - Percentage of move requests that are successfully completed within the target timeframe | Key Measurement | ***% of requests completed within *** days at staffed sites and *** days at non-staffed sites | Measures the percentage of Moves/Adds/Changes (MACs) Service Requests completed within the required timeframes during the Measurement Period | Service Level Achievement = (A/B) * 100% | A = Number of MAC Service Requests completed within the required timeframes | B = Total number of MAC Service Requests received during the Measurement Period | * Batch (*** IMACDs in a day per CoreLogic Facility) Moves/Adds/Changes will be excluded from the on-Time Completion percentage calculation. | OPAS Service Requests | Business Hours | Yes, provided that if any single Incident is not resolved within *** (***) days at staffed sites and more than*** (***) days for non-staffed sites, then this *** exception shall not apply | Yes | *** |
2.4 | Enterprise Services, Exchange & Email |
Service Level | Category | Service Level Metric | Definition | Formula | Formula Variable A | Formula Variable B | Exceptions | Measurement Method | Measurement Window | *** Eligible | Continuous Improvement Eligible | Weighting | |
Enterprise Services | |||||||||||||
Patch management: Servers - Percentage of servers that are successfully patched within the target timeframe (from release of patch) | Key Measurement | ***% of normal patches applied in *** and critical patches applied in *** hours | Apply Patches to all instances of enterprise infrastructure applications including acquiring, testing, and installing multiple patches (Service Pack) Patch management tasks include: maintaining current knowledge of available patches, deciding what patches are appropriate, ensuring that patches are installed properly, testing systems after installation, and documenting all associated procedures, such as specific configurations required | Service Level Achievement = (A/B) * 100% | A = Total number of Enterprise Patches that are successfully installed in accordance with the Patch Management Policy | B = Total number of Enterprise Patches that are scheduled to be completed during the Measurement Period | * Post implementation of service pack, if Microsoft through their website releases a bug notification related to that specific Service Pack & that has caused unsuccessful implementation of patch. * Time between Dell’s request for CoreLogic’s approval and when CoreLogic provides its approval | OPAS Change Records Measurement Method will be manual and a combination of timestamp release by Microsoft and change management records. Clock starts at release of patch; clock stops when patch is successfully applied. | 24x7 | No | No | *** | |
Percentage Availability of Right Fax Service | Key Measurement | ***% | Service availability for Right Fax (including SQL server database) server to send and receive faxes. | Service Level Achievement = (A/B) * 100% | A=Total number of hours of Right Fax Availability excluding Scheduled Downtime from maintenance | B=Total number of hours in a month | * Single point of failure of hardware, Software, or carrier services | OPAS Incident Tickets Will be measured using an Incident RCA based measurement approach. | 24x7 | No | No | *** |
Exchange | *** | ||||||||||||
Percentage Availability of Exchange E‑mail Service (including domain authentication and OWA) | Critical Service Level | ***% | Service Availability is defined as the ability of an Authorized User on an Exchange account to (a) access and retrieve information from an individual mailbox, and (b) send and receive messages via his or her mailbox using the Services (Outlook MAPI, OWA, IMAP or POP3). | Service Level Achievement = (A/B) * 100% | A=Total number of hours of Exchange availability excluding Scheduled Downtime from maintenance | B=Total number of hours in a month | * Individual mailbox or mobile device Availability, individual incoming and outgoing mail delivery time. * Single point of failure (excluding RAID0 mail stores) of hardware, Software, or carrier services | OPAS Incident Tickets Will be measured using an Incident RCA based measurement approach. | 24x7 | No | No | ***% | |
Percentage Availability of Citrix Metaframe Service (Can encompass multiple farms) | Critical Service Level | ***% | Service Availability is defined by availability of core Citrix services like IMA service, Print spooler, XML service and published applications. | Service Level Achievement = (A/B) * 100% | A=Total number of hours of Citrix Availability excluding Scheduled Downtime from maintenance | B=Total number of hours in a month | * Individual Citrix clients, individual Citrix Desktop Availability * For published applications, where the application is the root cause of the unavailability. | OPAS Incident Tickets Will be measured using an Incident RCA based measurement approach. | 24x7 | No | No | ***% |
2.5 | Network |
Service Level | Category | Service Level Metric | Definition | Formula | Formula Variable A | Formula Variable B | Exceptions | Measurement Method | Measurement Window | *** Eligible | Continuous Improvement Eligible | Weighting | |
Data Network | |||||||||||||
Percentage Availability of Connectivity required for business operations - LAN (Data Center locations) | Critical Service Level | ***% | Availability within data center, common communication between computing and associated devices. Redundant equipment is required. The service is determined to be available if either side of the redundancy is up and operational. | Service Level Achievement = (A/B) * 100% | A=Total number of seconds of LAN Availability excluding Scheduled Downtime from maintenance | B=Total number of seconds in a month excluding Scheduled Downtime from maintenance | * Third Party Hardware Exception | OPAS Incident Tickets Will be measured using an Incident RCA based measurement approach. | 24x7 | No | No | ***% |
Percentage Availability of Connectivity required for business operations - WAN (Data Center locations) | Critical Service Level | ***% | Availability for inter-data center connection, internet, intranet, extranet, devices and circuits. Reachability; measurement of the total number of hours of Availability through VLANS and firewalls to internet service provider circuits, intranet and extranet circuit service providers, communication between data centers. Redundant equipment is required. The service is determined to be available if either side of the redundancy is up and operational. | Service Level Achievement = (A/B) * 100% | A=Total number of seconds of WAN Availability excluding Scheduled Downtime from maintenance | B=Total number of seconds in a month excluding Scheduled Downtime from maintenance | *Third Party Hardware Exception | OPAS Incident Tickets Will be measured using an Incident RCA based measurement approach. | 24x7 | No | No | ***% |
Percentage availability of LAN (Campus Sites) | Key Measurement | ***% | Availability within campus buildings, common communication between computing and associated devices. Assume redundant equipment exists at some level. The service is determined to be available if either side of the redundancy is up and operational. | Service Level Achievement = (A/B) * 100% | A=Total number of seconds of LAN Availability excluding Scheduled Downtime from maintenance | B=Total number of seconds in a month excluding Scheduled Downtime from maintenance | * Third Party Hardware Exception | OPAS Incident Tickets Will be measured using an incident RCA based measurement approach | 24x7 | No | Yes | *** |
IT Security - Percent of Firewall requests, I.P. Address Add, Change or Open HTTP Port requests that are successfully completed within Target timeframe | Key Measurement | ***% of requests completed within***; ***% completed within *** | Measures the time taken between processing of approved request (s) | Service Level Achievement = (A/B) * 100% | A=Number of successfully completed requests | B= Total number of requests in the measurement period | * Any hold in approval processes or change request initiated by CoreLogic * Supplier’s failure to meet this Service Level in respect of any hardware-related Incidents shall be excused to the extent that such failure is caused by any Supplier third party provider’s failure to perform, or delay in performing, any repair or replacement actions required to be performed by such third party provider in connection with the resolution of any such Incident; provided, that (i) Supplier uses commercially reasonable efforts to cause such third party providers to perform within the required time frame and (ii) to the extent documented in Supplier’s Root Cause Analysis.” | OPAS Service Requests | 24x7 | No | No | *** | |
Voice Network | *** |
Percentage Availability of Voice Service (includes VOIP) | Critical Service Level | ***% | Voice Availability consists of time voice communication between users was available. Includes contact center and end user. Redundant equipment and circuits are required. | Service Level Achievement = (A/B) * 100% | A=Total number of seconds of VOIP Availability excluding Scheduled Downtime from maintenance | B=Total number of seconds in a month excluding Scheduled Downtime from maintenance | * Connection unavailability from provider of the network pipe; *Third Party Hardware Exception * Excludes Avaya, Nortel and other non‑enterprise VOIP systems | Cisco operations manager or equivalent Will be measured using an Incident RCA based measurement approach. | 24x7 | No | No | ***% | |
New contact center workflow service request. | Key Measurement | ***%***complete with in *** | Measures the time taken between processing of approved request(s) | Service Level Achievement = (A/B) * 100% | A=Number of successfully completed requests | B= Total number of requests in the Measurement Period | * Any hold in approval processes or change request initiated by CoreLogic Note: change requests should be after initial submission * Excludes batch submissions and limited to <=4 or more call flow requests at one time. | OPAS Service Requests | 24x7 | Yes, provided that if any single request is not resolved within***days, then this *** exception shall not apply | Yes | *** |
2.6 | Midrange |
Service Level | Category | Service Level Metric | Definition | Formula | Formula Variable A | Formula Variable B | Exceptions | Measurement Method | Measurement Window | *** Eligible | Continuous Improvement Eligible | Weighting | |
Overall Server Availability | |||||||||||||
Server Availability - High | Critical Service Level | ***% | Measures the Availability of an individual cluster or System that are classified as High | Service Level Achievement = (A/B) * 100% | Sum total of individual cluster Actual Uptime or System Actual Uptime classified as High | Sum total Scheduled Uptime for individual cluster or system classified as High during the Measurement Period | * Lack of availability caused by CoreLogic or Third Party Contractor as documented in Supplier’s Root Cause Analysis * Third Party Hardware Exception * If any node of the cluster is not available and cluster it self is available then cluster is considered available. * Any server classified as High which does not meet the minimal configuration requirements as defined in Resource Unit Definition Schedule A 4.2 at any time during the Measurement Period will be excluded * Unavailability caused by a CoreLogic employee, as documented in the Root Cause Analysis | OPAS Incident Tickets | 24x7 | No | No | ***% | |
Server Availability - Standard | Critical Service Level | ***% | Measures the Availability of an individual cluster or System that are classified as Standard | Service Level Achievement = (A/B) * 100% | Sum total of individual cluster Actual Uptime or System Actual Uptime classified as Standard | Sum total Scheduled Uptime for individual cluster or system classified as Standard during the Measurement Period | * Lack of availability caused by CoreLogic or Third Party Contractors as documented in Supplier’s Root Cause Analysis * Third Party Hardware Exception | OPAS Incident Tickets | 24x7 | No | No | ***% |
Server Availability - Low | Key Measurement | ***% | Measures the Availability of servers that are classified as Low Availability with no single Low server having downtime > 10 hours. Any single server with downtime >10 hours will result in service level default for “Low” servers. Note: Availability for servers under the control of application development staff will be excluded from the measurement and will be treated as a KPI with a target measurement of 95% | Service Level Achievement = (A/B) * 100% or with single Low server having downtime > 10 hours | Sum total Actual Uptime for all systems designated as Low Availability | Sum total Scheduled Uptime for all Systems designated as Low Availability during the Measurement Period | *if the RCA for “Low” category server is not available due to configuration changes by CoreLogic application development team that server will be excluded from the measurement. *Third Party Hardware Exception | OPAS Incident Tickets | 24x7 | No | Yes, provided that not more than ***% of the servers have an aggregate availability less than***% | *** | |
Physical Server | *** | ||||||||||||
Physical Server Provisioning - Percentage of physical server installation requests that are successfully completed within the target timeframe (includes server configuration, backup and other workload automation) | Key Measurement | ***% of requests completed within *** | Measures the percentage of Physical Service Provisioning Service Requests that are fulfilled by Supplier within the required timeframe. This Service Level applies to standard configuration x86 servers | Service Level Achievement = (A/B) * 100% | Total number of Physical Service Provisioning Service Requests completed within defined timeframe | Total number of Physical Service Provisioning Service Requests that are scheduled to be completed during the Measurement Period | * Greater than 10 in single request is batch and will be excluded from the on-Time Completion percentage calculation. * Time before arrival of assets will be excluded from this measurement (i.e. ticket is submitted after arrival of all necessary assets.) | OPAS Service Requests | Business Hours | Yes, provided that if any single request is not resolved within *** (***) hours, then this *** exception shall not applys | Yes | *** | |
Virtual Server | *** |
Add server(s) into Cloud Environment: Less than Ten (10) VM’s - Percentage of server provisioning requests that are successfully completed within the target timeframe | Key Measurement | ***% of requests completed within *** | Measures the percentage of Virtual Service Provisioning Requests (less than ten {10}) that are fulfilled by Supplier within the required timeframe | Service Level Achievement = (A/B) * 100% | Total number of Virtual Service Provisioning Service Requests that are less than ten {10} VMs during the Measurement Period for which the Completion Time is met | Total number of Virtual Service Provisioning Service Requests that are less than ten {10} VM’s that are scheduled to be completed during the Measurement Period | * Any requests for 10 or more VMs will be an exception | OPAS Service Requests | Business Hours | Yes, provided that if any single request is not resolved within *** (***) days, then this *** exception shall not apply | Yes | *** | |
Patch management: Servers - Percentage of servers that are successfully patched within the target timeframe (from release of patch) Note: This is for non-Enterprise Servers (employee systems) | Key Measurement | ***% of normal patches applied *** and critical patches applied in *** | Patch Management of Non-Enterprise Servers” means a patch scheduled to be deployed by Dell for Server Operating Systems in accordance with the Patch Management Policy. This will be a quarterly Service Level. | Service Level Achievement = (A/B) * 100% | Total number of Non-Enterprise Patches that are successfully installed in accordance with the Patch Management Policy for Server Equipment and Software | Total number of Non-Enterprise Patches that are scheduled to be completed during the Measurement Period | * Excludes time between Dell’s request for CoreLogic’s approval and when CoreLogic provides its approval. | OPAS Change Records and associated Server logs. | Business Hours | No | No | *** |
2.7 | Storage |
Service Level | Category | Service Level Metric | Definition | Formula | Formula Variable A | Formula Variable B | Exceptions | Measurement Method | Measurement Window | *** Eligible | Continuous Improvement Eligible | Weighting | ||
Storage | ||||||||||||||
Percentage Availability of Storage | Crticial Service Level | 0.999 | Measures the average percentage of time that Storage Frames are Available for use during Scheduled Uptime in the applicable Measurement Period | Service Level Achievement = (A/B) * 100% | Sum total of Uptime for all storage Systems | Sum total of Scheduled Uptime for all storage systems during the Measurement Period | Availability excludes the following: * Incidents caused by CoreLogic or Third Party Contractors as documented in Supplier’s Root Cause Analysis * Third Party Hardware Expense | OPAS Incident Tickets | 24x7 | No | Yes | ***% | ||
Tier 1, 2, 3 Storage Provisioning <5% of allocated - Percentage of requests that are successfully completed within the target timeframe | Key Measurement | ***% of requests completed within *** day | Measures the percentage of Tier 1, 2, and 3 storage configuration service requests, less than 5% of all allocated storage, that are performed within the required timeframe during the Measurement Period | Service Level Achievement = (A/B) * 100% | Number of On-Time Tier 1, 2, and 3 Storage Provisioning Service Requests that are <5% of allocated | Number of On-Time Tier 1, 2, and 3 Storage Provisioning Service Requests that are <5% of allocated Requests | * Any Storage provisioning requests which exceed (in sum) more than 5% of allocated storage during the designated Measurement Period will be excluded. * Locally attached storage * Third Party Hardware Exception | OPAS Service Requests | Business Hours | Yes, provided that if any single request is not resolved within *** (***) days, then this *** exception shall not apply | Yes | *** |
Tier 1, 2, 3 Storage Provisioning >5% of allocated - Percentage of requests that are successfully completed within the target timeframe | Key Measurement | ***% of requests completed within ***s | Measures the percentage of Tier 1, 2, and 3 storage configuration service requests, greater than 5% of all allocated storage, that are performed within the required timeframe during the Measurement Period | Service Level Achievement = (A/B) * 100% | Number of On-Time Tier 1, 2, and 3 Storage Provisioning Service Requests that are >5% of allocated | Number of On-Time Tier 1, 2, and 3 Storage Provisioning Service Requests that are >5% of allocated Requests | * Locally attached storage. | OPAS Service Requests | Business Hours | No | Yes | *** | ||
Backup | *** | |||||||||||||
Add backup service - Percentage of requests to add servers to backup that are successfully completed within the target timeframe | Key Measurement | ***% of requests completed within *** days | Measures the percentage of new backup Service Requests that are performed within the required timeframe during the Measurement Period | Service Level Achievement = (A/B) * 100% | Number of backup Service Requests completed within the required timeframe | Total number of backup Service Requests for the Measurement Period | * Add backup service requests - If the number of Add backup service requests is greater than 10 per business day, this will be considered a batch submission and executed as a project. | OPAS Service Requests | Business Hours | Yes, provided that if any single request is not resolved within ***(***)***days, then this *** exception shall not applys | Yes | *** |
Emergency Restore Requests - Percentage of restoration requests for business critical restore of file(s), folder(s), sub directory which is currently offsite completed within the target timeframe | Key Measurement | ***% of requests initiated within*** day | Measures the percentage of emergency restore Service Requests that are (initiated via the physical restore) within the required timeframe during the Measurement Period | Service Level Achievement = (A/B) * 100% | Number of emergency physical restore Service Requests initiated within the required timeframe | Total number of emergency physical restore Service Requests for the Measurement Period | * Emergency restore requests - If the number of emergency restore requests is greater than 10 per business day, this will be considered a batch submission and executed as a project. | OPAS Service Requests | 24x7 | No | No | *** |
Business critical, backup job failure - Percentage of backup job failures that are successfully addressed within the target timeframe | Key Measurement | ***% of failures are successfully completed within*** days | Measures the percentage of backup job failures that are successfully completed within the required timeframe during the Measurement Period | Service Level Achievement = (A/B) * 100% | Number of backup job failures Incident Tickets that are resolved within the required timeframe | Total number of backup job failures incident tickets for the Measurement Period | Restoration Time does not include the following: * Time that Incident Tickets are in “suspend mode” due to previously unknown third party software defects. * Time that Incident Tickets are in “suspend mode” for equipment related failures at non‑Dell facilities. * Third Party Hardware Exception * Adjustments to the Service Levels approved by CoreLogic in its sole discretion pursuant to the last sentence of Section 4.4 of the MSA in order to permit the performance of new or additional work activities as contemplated by Section 4.4 of the MSA | OPAS Incident Tickets | 24x7 | Yes, provided that if any single failure successfully completed is not resolved within *** (***) days, then this *** exception shall not apply | No | *** |
CoreLogic requested restore of up to 1.0% of the backup media per/ semiannual or per compliance policy - Percentage of restores successfully completed within the target timeframe | Key Measurement | ***% of restores are successfully completed without fault and within *** days. | Measures the percentage of random restores that are successfully completed during designated Change Window | Service Level Achievement = (A/B) * 100% | Number of random restores change tickets completed within the required timeframe | Total number of random restores change tickets executed | OPAS Change Tickets | Reported semi-annually | Yes, provided that if any single restore is not resolved within *** (***) days, then this *** exception shall not apply | No | *** |
2.8 | Mainframe |
Service Level | Category | Service Level Metric | Definition | Formula | Formula Variable A | Formula Variable B | Exceptions | Measurement Method | Measurement Window | *** Eligible | Continuous Improvement Eligible | Weighting | |
zO/S and Communications Components: Percentage of the agreed upon hours the System is on the wire and Available | Critical Service Level | ***% | Measures the Availability of the mainframe environment, including zO/S and associated Communication Components | Service Level Achievement = (A/B) * 100% | Total Uptime for all mainframe systems | Total Scheduled Uptime for all mainframe systems during the Measurement Period | Availability excludes the following: * Non-production environments *Third Party Hardware Exception | OPAS Incident Tickets | 24x7 | No | No | ***% | |
CICS Production Availability | Critical Service Level | ***% | Measures the Availability of the CICS environment | Service Level Achievement = (A/B) * 100% | Total Uptime for all CICS systems | Total Scheduled Uptime for all CICS systems during the Measurement Period | Availability excludes the following: * Non-production environments * Third Party Hardware Exception | OPAS Incident Tickets | 24x7 | No | No | ***% | |
Percentage availability of ADABAS | Key Measurement | ***% | Measures the Availability of the production ADABAS environment | Service Level Achievement = (A/B) * 100% | Total Uptime for production ADABAS system | Total Scheduled Uptime for production ADABAS systems during the Measurement Period | Availability excludes the following: * Non-production environments * Third Party Hardware Exception | OPAS Incident Tickets | 24x7 | No | Yes | *** |
2.9 | EAPM |
Service Level | Category | Service Level Metric | Definition | Formula | Formula Variable A | Formula Variable B | Exceptions | Measurement Method | Measurement Window | *** Eligible | Continuous Improvement Eligible | Weighting | |
EAPM – Percent of monitoring setup (server based) completed in the following timeframe: | Key Measurement | ***% of requests completed in the target timeframe: *** or fewer servers – ***hrs. *** to *** servers – *** hrs. *** or more servers – *** hrs. | Measures the amount of time between receipt of a monitoring setup request and the completion of the monitoring setup activity | Service Level Achievement = (A/B) * 100% | A = total number of monitoring setup request tickets where the closure time is greater than the target | B = total number of monitoring setup requests in the Measurement Period | None | OPAS Service Requests | Business Hours | Yes, provided that if any single request is not resolved within *** (***) times, then this *** exception shall not apply | No | *** | |
EAPM – Percent of Synthetic Transaction monitoring setup completed in the following timeframe: | Key Measurement | ***% of transactions (web page calls) completed in the target timeframe: ***or fewer transactions - *** business hours *** to *** transactions - *** business hours *** to *** transactions - ***business hours | Measures the amount of time between receipt of a monitoring setup request and the completion of the monitoring setup activity | Service Level Achievement = (A/B) * 100% | A = total number of monitoring setup request tickets where the closure time is greater than the target | B = total number of monitoring setup requests in the Measurement Period | None | OPAS Service Requests | Business Hours | Yes, provided that if any single request is not resolved within ***(***)***times, then this *** exception shall not apply | No | *** |
2.10 | Central Account Provisioning |
Service Level | Category | Service Level Metric | Definition | Formula | Formula Variable A | Formula Variable B | Exceptions | Measurement Method | Measurement Window | *** Eligible | Continuous Improvement Eligible | Weighting | |
Percent of new user account setup requests completed within the target timeframe | Key Measurement | ***% of requests completed within *** days | Measures the time taken between processing of approved request to setup the account(s) | Service Level Achievement = (A/B) * 100% | A=Number of successfully completed requests | B= Total number of requests in the Measurement Period | Any hold in approval processes or Change Request initiated by CoreLogic | OPAS Service Requests | Business Hours | Yes, provided that if any single request is not resolved within *** (***) days, then this *** exception shall not apply | No | *** | |
Percent of user terminations that are completed within the target timeframe | Critical Service Level | ***% within *** hours and 100% within ***hours | Measures the time taken between processing of approved request to terminate the account(s) | Service Level Achievement = (A/B) * 100% | A=Number of successfully completed requests | B= Total number of requests in the Measurement Period | Any hold in approval processes or Change Request initiated by CoreLogic Any termination requests over 40 during a given day will not be measured | OPAS Service Requests | 24x7 | No | No | ***% |
This document contains proprietary and confidential information of CoreLogic and Dell. The information contained in this document may not be disclosed outside your company without the prior written permission of CoreLogic and Dell. |
1.1 | Introduction. |
1.1.1 | Agreement. This Schedule A-4.2 (this “Schedule”) is attached to and incorporated by reference in Supplement A to that certain Master Services Agreement by and between CoreLogic and Supplier dated July 19, 2012 (the “MSA”). |
1.1.2 | References. All references in this Schedule to articles, sections and exhibits shall be to this Schedule, unless another reference is provided. |
1.1.3 | Definitions. Terms used in this Schedule with initial capitalized letters but not defined in this Schedule shall have the respective meanings set forth in Schedule A-1 to Supplement A, Schedule 1 to the MSA or the other Schedules to the MSA or Supplement A. |
1.1.4 | General. This Schedule describes the terms and definitions of billable Resource Units applicable to Supplement A. There are no other billable Resource Units applicable to Supplement A. |
1.2 | Network Services |
1.2.1 | Network Switch/Router |
1.2.2 | Physical Firewall - Clustered |
1.2.3 | Physical Firewall - Standalone |
1.2.4 | Virtual Firewall - Clustered |
1.2.5 | Virtual Firewall - Standalone |
1.2.6 | Security Appliances |
1.2.7 | VOIP Phone |
1.2.8 | Miscellaneous Network Devices |
1.2.9 | Load Balancer - Clustered |
1.2.10 | Load Balancer - Standalone |
1.2.11 | Wireless Access Points |
1.2.12 | Network IMADS |
1.3 | End User Desktop Support. |
1.3.1 | EUC (Desktop/Laptop) |
1.3.2 | Network Printer |
1.3.3 | *** Email Account |
1.3.4 | Mobile Device |
1.3.5 | Desktop Application Packages |
1.3.6 | Desktop Image Management |
1.3.7 | End User IMACDs - Campus |
1.3.8 | End User IMACDs - Remote |
1.4 | Service Desk. |
1.4.1 | Service Desk Tickets |
1.5 | Mainframe Services. |
1.5.1 | Mainframe Service |
1.5.2 | Mainframe Tape |
1.6 | Server (Services Only). This Section details the Resource Units associated with Schedule A-2.4 (Server Services). Any Operating System instances that are used to deliver Services already charged by different Resource Units (e.g., *** Email Mailboxes, monitoring, DLP, etc.) as identified in CMDB will be excluded from the device count. |
1.6.1 | Linux High OS Instance |
1.6.2 | Linux Standard OS Instance |
1.6.3 | Linux Low OS Instance |
1.6.4 | Windows High OS Instance |
1.6.5 | Windows Standard OS Instance |
1.6.6 | Windows Low OS Instance |
1.6.7 | UNIX High OS Instance |
1.6.8 | UNIX Standard OS Instance |
1.6.9 | UNIX Low OS Instance |
1.6.10 | ESX/Xen Host |
1.6.11 | iSeries OS Instance |
1.7 | Resource Unit Definition: Each OS Instance as measured using data from the CMDB on the fifteenth day of the applicable calendar month shall be equal to one (1) Resource Unit.Supplier Server Hardware |
1.7.1 | Physical Server Small Server |
1.7.2 | Physical Server Medium Server |
1.7.3 | Physical Server Large Server |
1.7.4 | Physical Server Extra-Large Server |
1.8 | Private Cloud |
1.8.1 | Private Cloud Small Server |
1.8.2 | Private Cloud Medium Server |
1.8.3 | Private Cloud Large Server |
1.9 | Cross Functional. |
1.9.1 | Service Management Resolver Licenses |
1.9.2 | Electronic Data Exchange (EDE) |
1.10 | Security Administration Services |
1.10.1 | User Security Administration: |
1.10.2 | End Point Log Retention and Monitoring Sources |
1.10.3 | Firewall Rule Changes |
1.11 | Storage and Backup Services. |
1.11.1 | Storage Management (Services Only) |
1.11.2 | Backup Management (Services Only) |
1.11.3 | Tier 1 Storage (Services and Hardware) |
1.11.4 | Tier 2 Storage (Services and Hardware) |
1.11.5 | Tier 3 Storage (Services and Hardware) |
1.11.6 | Backup Management (Services and Hardware) |
Windows, UNIX Linux OS High | Windows, UNIX Linux OS Standard | Windows, UNIX Linux OS Low | |
Clustering Required | *** | *** | *** |
Software Requirements | *** *** *** | *** | *** |
Hardware Requirements | *** *** *** | *** *** | *** *** |
LAN | *** *** | *** *** | *** *** |
SAN & Storage | *** *** | *** *** | *** *** |
Load Balancer (if required by application) | *** *** | *** *** | *** *** |
Firewall | *** *** | *** *** | *** *** |
IDS/ IPS | *** *** | *** *** *** | *** *** *** |
Vendor 24x7, 4 hour response Maintenance and Support Required | *** *** | *** *** | *** *** |
Dell Data Center Location / CoreLogic Location / Both | *** *** | *** *** | *** *** |
MASTER SERVICES AGREEMENT | ||
between | ||
CORELOGIC SOLUTIONS, LLC | ||
and | ||
DELL MARKETING L.P. | ||
July 19, 2012 | ||
SUPPLEMENT A | ||
Amendment 2 | ||
Amended and Restated Effective July 19, 2012 | ||
SCHEDULE A-4.1 - BASELINE CHARGES | ||
SCHEDULE A-4.3 - BASELINE VOLUMES | ||
SCHEDULE A-4.4 - ARC/RRC RATES | ||
SCHEDULE A-4.5.1 - TRANSITION CHARGES | ||
SCHEDULE A-4.5.2 - TRANSFORMATION CHARGES | ||
SCHEDULE A-4.7 - RATE CARD | ||
SCHEDULE A-4.11 - PROJECT POOL | ||
This document contains proprietary and confidential information of CoreLogic and Dell. The information contained in this document may not be disclosed outside your company without the prior written permission of CoreLogic and Dell. |
Schedule A-4.1 Baseline Charges | |||||||||||
Baseline Charges | 2012 | 2013 | 2014 ** | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 * | Total | |
*** | *** | ||||||||||
Account and Service Management | - | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
DR | - | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Chargeable Project Management | - | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Telecom Expense Management | - | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
*** | *** | ||||||||||
Network | - | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
End User Device Support and Messaging | - | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Employee Service Desk | - | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Mainframe | - | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Midrange and Server | - | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Storage | - | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Backup | - | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Cross Functional and Media Center | - | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Security | - | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
*** | |||||||||||
Totals | - | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
* | 2020 fees represent charges for January of 2020 only | ||||||||||
** | 2014 Mainframe fees cover charges for the first six months of the year. | ||||||||||
On the January 2013 invoice, *** will provide a*** to *** in the amount of $*** |
Schedule A-4.3 Baseline Volumes | ||||||||||||||
The definitions associated with these Resource Units are set forth in Schedule A-4.2 | ||||||||||||||
Description | Banding | 2013 Monthly Volumes | ||||||||||||
Network | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sept | Oct | Nov | Dec | ||
Network Switch /Router | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Physical Firewall - Clustered | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Physical Firewall - Standalone | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Virtual Firewall - Clustered | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Virtual Firewall - Standalone | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Security Appliances | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Wireless Access Points | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Load Balancer - Clustered | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Load Balancer - Standalone | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Misc. Network Device | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
VoIP Phones | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Network IMADS | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
End User Device Support and Messaging | ||||||||||||||
EUC (Desktop/Laptop) | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Desktop IMACS - Campus | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Desktop IMACS - Remote | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Network Printer | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Exchange Email Account | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Mobile Device | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Desktop Application Package | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Desktop Image Management | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Employee Service Desk | ||||||||||||||
Service Desk Tickets | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Mainframe | ||||||||||||||
Mainframe Service | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Mainframe Tapes | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Midrange and Server | ||||||||||||||
Hardware | ||||||||||||||
Physical Server Small | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Physical Server Medium | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Physical Server Large | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Physical Server Extra Large | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Cloud Server Small | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** |
Cloud Server Medium | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Cloud Server Large | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Services | ||||||||||||||
Linux OS Low | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Linux OS Standard | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Linux OS High | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Windows OS Low | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Windows OS Standard | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Windows OS High | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
UNIX Low OS Instance | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
UNIX Medium OS Instance | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
UNIX High OS Instance | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
i-Series | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
ESX/Xen Host | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Storage and Backup Services | ||||||||||||||
Services Only | ||||||||||||||
Storage Management | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Backup Management | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Services and Hardware | ||||||||||||||
Tier 1 Storage | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Tier 2 Storage | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Tier 3 Storage | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Backup Management | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Cross Functional Services | ||||||||||||||
Service Management Resolver Licenses | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Electronic Data Exchange (EDE) | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Security Administration Services | ||||||||||||||
User Security Administration | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
End Point Log Retention & Monitoring | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Firewall Rule Changes | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** |
Description | Banding | 2014 Monthly Volumes | ||||||||||||
Network | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sept | Oct | Nov | Dec | ||
Network Switch /Router | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Physical Firewall - Clustered | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Physical Firewall - Standalone | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Virtual Firewall - Clustered | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Virtual Firewall - Standalone | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** |
Security Appliances | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Wireless Access Points | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Load Balancer - Clustered | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Load Balancer - Standalone | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Misc. Network Device | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
VoIP Phones | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Network IMADS | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
End User Device Support and Messaging | ||||||||||||||
EUC (Desktop/Laptop) | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Desktop IMACS - Campus | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Desktop IMACS - Remote | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Network Printer | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Exchange Email Account | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Mobile Device | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Desktop Application Package | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Desktop Image Management | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Employee Service Desk | ||||||||||||||
Service Desk Tickets | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Mainframe | ||||||||||||||
Mainframe Service | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Mainframe Tapes | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Midrange and Server | ||||||||||||||
Hardware | ||||||||||||||
Physical Server Small | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Physical Server Medium | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Physical Server Large | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Physical Server Extra Large | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Cloud Server Small | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Cloud Server Medium | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Cloud Server Large | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Services | ||||||||||||||
Linux OS Low | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Linux OS Standard | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Linux OS High | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Windows OS Low | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Windows OS Standard | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Windows OS High | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
UNIX Low OS Instance | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** |
UNIX Medium OS Instance | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
UNIX High OS Instance | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
i-Series | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
ESX/Xen Host | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Storage and Backup Services | ||||||||||||||
Services Only | ||||||||||||||
Storage Management | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Backup Management | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Services and Hardware | ||||||||||||||
Tier 1 Storage | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Tier 2 Storage | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Tier 3 Storage | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Backup Management | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Cross Functional Services | ||||||||||||||
Service Management Resolver Licenses | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Electronic Data Exchange (EDE) | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Security Administration Services | ||||||||||||||
User Security Administration | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
End Point Log Retention & Monitoring | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Firewall Rule Changes | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** |
Description | Banding | 2015 Monthly Volumes | ||||||||||||
Network | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sept | Oct | Nov | Dec | ||
Network Switch /Router | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Physical Firewall - Clustered | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Physical Firewall - Standalone | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Virtual Firewall - Clustered | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Virtual Firewall - Standalone | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Security Appliances | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Wireless Access Points | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Load Balancer - Clustered | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Load Balancer - Standalone | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Misc. Network Device | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
VoIP Phones | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Network IMADS | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
End User Device Support and Messaging | ||||||||||||||
EUC (Desktop/Laptop) | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Desktop IMACS - Campus | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** |
Desktop IMACS - Remote | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Network Printer | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Exchange Email Account | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Mobile Device | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Desktop Application Package | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Desktop Image Management | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Employee Service Desk | ||||||||||||||
Service Desk Tickets | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Mainframe | ||||||||||||||
Mainframe Service | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Mainframe Tapes | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Midrange and Server | ||||||||||||||
Hardware | ||||||||||||||
Physical Server Small | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Physical Server Medium | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Physical Server Large | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Physical Server Extra Large | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Cloud Server Small | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Cloud Server Medium | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Cloud Server Large | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Services | ||||||||||||||
Linux OS Low | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Linux OS Standard | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Linux OS High | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Windows OS Low | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Windows OS Standard | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Windows OS High | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
UNIX Low OS Instance | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
UNIX Medium OS Instance | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
UNIX High OS Instance | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
i-Series | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
ESX/Xen Host | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Storage and Backup Services | ||||||||||||||
Services Only | ||||||||||||||
Storage Management | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Backup Management | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Services and Hardware | ||||||||||||||
Tier 1 Storage | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** |
Tier 2 Storage | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Tier 3 Storage | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Backup Management | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Cross Functional Services | ||||||||||||||
Service Management Resolver Licenses | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Electronic Data Exchange (EDE) | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Security Administration Services | ||||||||||||||
User Security Administration | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
End Point Log Retention & Monitoring | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Firewall Rule Changes | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** |
Description | Banding | 2016 Monthly Volumes | ||||||||||||
Network | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sept | Oct | Nov | Dec | ||
Network Switch /Router | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Physical Firewall - Clustered | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Physical Firewall - Standalone | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Virtual Firewall - Clustered | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Virtual Firewall - Standalone | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Security Appliances | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Wireless Access Points | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Load Balancer - Clustered | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Load Balancer - Standalone | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Misc. Network Device | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
VoIP Phones | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Network IMADS | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
End User Device Support and Messaging | ||||||||||||||
EUC (Desktop/Laptop) | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Desktop IMACS - Campus | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Desktop IMACS - Remote | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Network Printer | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Exchange Email Account | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Mobile Device | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Desktop Application Package | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Desktop Image Management | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Employee Service Desk | ||||||||||||||
Service Desk Tickets | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Mainframe | ||||||||||||||
Mainframe Service | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** |
Mainframe Tapes | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Midrange and Server | ||||||||||||||
Hardware | ||||||||||||||
Physical Server Small | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Physical Server Medium | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Physical Server Large | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Physical Server Extra Large | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Cloud Server Small | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Cloud Server Medium | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Cloud Server Large | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Services | ||||||||||||||
Linux OS Low | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Linux OS Standard | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Linux OS High | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Windows OS Low | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Windows OS Standard | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Windows OS High | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
UNIX Low OS Instance | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
UNIX Medium OS Instance | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
UNIX High OS Instance | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
i-Series | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
ESX/Xen Host | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Storage and Backup Services | ||||||||||||||
Services Only | ||||||||||||||
Storage Management | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Backup Management | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Services and Hardware | ||||||||||||||
Tier 1 Storage | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Tier 2 Storage | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Tier 3 Storage | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Backup Management | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Cross Functional Services | ||||||||||||||
Service Management Resolver Licenses | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Electronic Data Exchange (EDE) | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Security Administration Services | ||||||||||||||
User Security Administration | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
End Point Log Retention & Monitoring | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Firewall Rule Changes | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** |
Description | Banding | 2017 Monthly Volumes | ||||||||||||
Network | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sept | Oct | Nov | Dec | ||
Network Switch /Router | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Physical Firewall - Clustered | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Physical Firewall - Standalone | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Virtual Firewall - Clustered | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Virtual Firewall - Standalone | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Security Appliances | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Wireless Access Points | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Load Balancer - Clustered | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Load Balancer - Standalone | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Misc. Network Device | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
VoIP Phones | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Network IMADS | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
End User Device Support and Messaging | ||||||||||||||
EUC (Desktop/Laptop) | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Desktop IMACS - Campus | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Desktop IMACS - Remote | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Network Printer | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Exchange Email Account | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Mobile Device | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Desktop Application Package | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Desktop Image Management | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Employee Service Desk | ||||||||||||||
Service Desk Tickets | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Mainframe | ||||||||||||||
Mainframe Service | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Mainframe Tapes | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Midrange and Server | ||||||||||||||
Hardware | ||||||||||||||
Physical Server Small | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Physical Server Medium | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Physical Server Large | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Physical Server Extra Large | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Cloud Server Small | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Cloud Server Medium | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Cloud Server Large | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Services |
Linux OS Low | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Linux OS Standard | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Linux OS High | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Windows OS Low | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Windows OS Standard | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Windows OS High | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
UNIX Low OS Instance | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
UNIX Medium OS Instance | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
UNIX High OS Instance | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
i-Series | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
ESX/Xen Host | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Storage and Backup Services | ||||||||||||||
Services Only | ||||||||||||||
Storage Management | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Backup Management | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Services and Hardware | ||||||||||||||
Tier 1 Storage | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Tier 2 Storage | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Tier 3 Storage | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Backup Management | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Cross Functional Services | ||||||||||||||
Service Management Resolver Licenses | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Electronic Data Exchange (EDE) | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Security Administration Services | ||||||||||||||
User Security Administration | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
End Point Log Retention & Monitoring | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Firewall Rule Changes | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** |
Network | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sept | Oct | Nov | Dec | ||
Network Switch /Router | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Physical Firewall - Clustered | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Physical Firewall - Standalone | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Virtual Firewall - Clustered | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Virtual Firewall - Standalone | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Security Appliances | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Wireless Access Points | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Load Balancer - Clustered | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Load Balancer - Standalone | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** |
Misc. Network Device | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
VoIP Phones | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Network IMADS | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
End User Device Support and Messaging | ||||||||||||||
EUC (Desktop/Laptop) | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Desktop IMACS - Campus | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Desktop IMACS - Remote | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Network Printer | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Exchange Email Account | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Mobile Device | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Desktop Application Package | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Desktop Image Management | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Employee Service Desk | ||||||||||||||
Service Desk Tickets | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Mainframe | ||||||||||||||
Mainframe Service | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Mainframe Tapes | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Midrange and Server | ||||||||||||||
Hardware | ||||||||||||||
Physical Server Small | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Physical Server Medium | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Physical Server Large | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Physical Server Extra Large | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Cloud Server Small | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Cloud Server Medium | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Cloud Server Large | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Services | ||||||||||||||
Linux OS Low | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Linux OS Standard | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Linux OS High | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Windows OS Low | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Windows OS Standard | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Windows OS High | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
UNIX Low OS Instance | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
UNIX Medium OS Instance | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
UNIX High OS Instance | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
i-Series | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
ESX/Xen Host | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** |
Storage and Backup Services | ||||||||||||||
Services Only | ||||||||||||||
Storage Management | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Backup Management | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Services and Hardware | ||||||||||||||
Tier 1 Storage | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Tier 2 Storage | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Tier 3 Storage | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Backup Management | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Cross Functional Services | ||||||||||||||
Service Management Resolver Licenses | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Electronic Data Exchange (EDE) | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Security Administration Services | ||||||||||||||
User Security Administration | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
End Point Log Retention & Monitoring | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Firewall Rule Changes | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** |
Description | Banding | 2019 Monthly Volumes | ||||||||||||
Network | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sept | Oct | Nov | Dec | ||
Network Switch /Router | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Physical Firewall - Clustered | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Physical Firewall - Standalone | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Virtual Firewall - Clustered | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Virtual Firewall - Standalone | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Security Appliances | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Wireless Access Points | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Load Balancer - Clustered | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Load Balancer - Standalone | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Misc. Network Device | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
VoIP Phones | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Network IMADS | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
End User Device Support and Messaging | ||||||||||||||
EUC (Desktop/Laptop) | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Desktop IMACS - Campus | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Desktop IMACS - Remote | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Network Printer | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Exchange Email Account | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Mobile Device | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** |
Desktop Application Package | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Desktop Image Management | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Employee Service Desk | ||||||||||||||
Service Desk Tickets | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Mainframe | ||||||||||||||
Mainframe Service | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Mainframe Tapes | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Midrange and Server | ||||||||||||||
Hardware | ||||||||||||||
Physical Server Small | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Physical Server Medium | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Physical Server Large | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Physical Server Extra Large | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Cloud Server Small | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Cloud Server Medium | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Cloud Server Large | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Services | ||||||||||||||
Linux OS Low | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Linux OS Standard | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Linux OS High | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Windows OS Low | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Windows OS Standard | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Windows OS High | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
UNIX Low OS Instance | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
UNIX Medium OS Instance | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
UNIX High OS Instance | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
i-Series | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
ESX/Xen Host | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Storage and Backup Services | ||||||||||||||
Services Only | ||||||||||||||
Storage Management | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Backup Management | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Services and Hardware | ||||||||||||||
Tier 1 Storage | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Tier 2 Storage | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Tier 3 Storage | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Backup Management | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Cross Functional Services |
Service Management Resolver Licenses | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Electronic Data Exchange (EDE) | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Security Administration Services | ||||||||||||||
User Security Administration | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
End Point Log Retention & Monitoring | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | |
Firewall Rule Changes | No Band | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** |
Description | Banding | 2020 Monthly Volumes | |
Network | Jan | ||
Network Switch /Router | No Band | *** | |
Physical Firewall - Clustered | No Band | *** | |
Physical Firewall - Standalone | No Band | *** | |
Virtual Firewall - Clustered | No Band | *** | |
Virtual Firewall - Standalone | No Band | *** | |
Security Appliances | No Band | *** | |
Wireless Access Points | No Band | *** | |
Load Balancer - Clustered | No Band | *** | |
Load Balancer - Standalone | No Band | *** | |
Misc. Network Device | No Band | *** | |
VoIP Phones | No Band | *** | |
Network IMADS | No Band | *** | |
End User Device Support and Messaging | |||
EUC (Desktop/Laptop) | No Band | *** | |
Desktop IMACS - Campus | No Band | *** | |
Desktop IMACS - Remote | No Band | *** | |
Network Printer | No Band | *** | |
Exchange Email Account | No Band | *** | |
Mobile Device | No Band | *** | |
Desktop Application Package | No Band | *** | |
Desktop Image Management | No Band | *** | |
Employee Service Desk | |||
Service Desk Tickets | *** | *** | |
Mainframe | |||
Mainframe Service | No Band | *** | |
Mainframe Tapes | No Band | *** | |
Midrange and Server | |||
Hardware | |||
Physical Server Small | No Band | *** |
Physical Server Medium | No Band | *** | |
Physical Server Large | No Band | *** | |
Physical Server Extra Large | No Band | *** | |
Cloud Server Small | No Band | *** | |
Cloud Server Medium | No Band | *** | |
Cloud Server Large | No Band | *** | |
Services | |||
Linux OS Low | No Band | *** | |
Linux OS Standard | No Band | *** | |
Linux OS High | No Band | *** | |
Windows OS Low | No Band | *** | |
Windows OS Standard | No Band | *** | |
Windows OS High | No Band | *** | |
UNIX Low OS Instance | No Band | *** | |
UNIX Medium OS Instance | No Band | *** | |
UNIX High OS Instance | No Band | *** | |
i-Series | No Band | *** | |
ESX/Xen Host | No Band | *** | |
Storage and Backup Services | |||
Services Only | |||
Storage Management | No Band | *** | |
Backup Management | No Band | *** | |
Services and Hardware | |||
Tier 1 Storage | No Band | *** | |
Tier 2 Storage | No Band | *** | |
Tier 3 Storage | No Band | *** | |
Backup Management | No Band | *** | |
Cross Functional Services | |||
Service Management Resolver Licenses | No Band | *** | |
Electronic Data Exchange (EDE) | No Band | *** | |
Security Administration Services | |||
User Security Administration | No Band | *** | |
End Point Log Retention & Monitoring | No Band | *** | |
Firewall Rule Changes | No Band | *** |
The definitions associated with these Resource Units are set forth in Schedule A-4.2 | ARC/RRC Rates | ||||||||
2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | |
Network | |||||||||
Network Switch /Router | *** | *** | *** | *** | *** | *** | *** | *** | *** |
Physical Firewall - Clustered | *** | *** | *** | *** | *** | *** | *** | *** | *** |
Physical Firewall - Standalone | *** | *** | *** | *** | *** | *** | *** | *** | *** |
Virtual Firewall - Clustered | *** | *** | *** | *** | *** | *** | *** | *** | *** |
Virtual Firewall - Standalone | *** | *** | *** | *** | *** | *** | *** | *** | *** |
Security Appliances | *** | *** | *** | *** | *** | *** | *** | *** | *** |
Wireless Access Points | *** | *** | *** | *** | *** | *** | *** | *** | *** |
Load Balancer - Clustered | *** | *** | *** | *** | *** | *** | *** | *** | *** |
Load Balancer - Standalone | *** | *** | *** | *** | *** | *** | *** | *** | *** |
Miscellaneous Network Device | *** | *** | *** | *** | *** | *** | *** | *** | *** |
VoIP Phones | *** | *** | *** | *** | *** | *** | *** | *** | *** |
Network IMACS | *** | *** | *** | *** | *** | *** | *** | *** | *** |
End User Device Support and Messaging | |||||||||
EUC (Desktop/Laptop) | *** | *** | *** | *** | *** | *** | *** | *** | *** |
Desktop IMACS - Campus | *** | *** | *** | *** | *** | *** | *** | *** | *** |
Desktop IMACS - Remote | *** | *** | *** | *** | *** | *** | *** | *** | *** |
Network Printer | *** | *** | *** | *** | *** | *** | *** | *** | *** |
Exchange Email Account | *** | *** | *** | *** | *** | *** | *** | *** | *** |
Mobile Device | *** | *** | *** | *** | *** | *** | *** | *** | *** |
Desktop Application Package | *** | *** | *** | *** | *** | *** | *** | *** | *** |
Desktop Image Management | *** | *** | *** | *** | *** | *** | *** | *** | *** |
Employee Service Desk | |||||||||
Service Desk Tickets | *** | *** | *** | *** | *** | *** | *** | *** | *** |
Mainframe | |||||||||
Mainframe Service | *** | *** | *** | *** | *** | *** | *** | *** | *** |
Mainframe Tapes | *** | *** | *** | *** | *** | *** | *** | *** | *** |
Midrange and Server | |||||||||
Hardware | |||||||||
Physical Server Small | *** | *** | *** | *** | *** | *** | *** | *** | *** |
Physical Server Medium | *** | *** | *** | *** | *** | *** | *** | *** | *** |
Physical Server Large | *** | *** | *** | *** | *** | *** | *** | *** | *** |
Physical Server Extra Large | *** | *** | *** | *** | *** | *** | *** | *** | *** |
Cloud Server Small | *** | *** | *** | *** | *** | *** | *** | *** | *** |
Cloud Server Medium | *** | *** | *** | *** | *** | *** | *** | *** | *** |
Cloud Server Large | *** | *** | *** | *** | *** | *** | *** | *** | *** |
Services | |||||||||
Linux Low OS Instance | *** | *** | *** | *** | *** | *** | *** | *** | *** |
Linux Medium OS Instance | *** | *** | *** | *** | *** | *** | *** | *** | *** |
Linux High OS Instance | *** | *** | *** | *** | *** | *** | *** | *** | *** |
*** | *** | *** | *** | *** | *** | *** | *** | *** | |
Windows Low OS Instance | *** | *** | *** | *** | *** | *** | *** | *** | *** |
Windows Medium OS Instance | *** | *** | *** | *** | *** | *** | *** | *** | *** |
Windows High OS Instance | *** | *** | *** | *** | *** | *** | *** | *** | *** |
*** | *** | *** | *** | *** | *** | *** | *** | *** | |
UNIX Low OS Instance | *** | *** | *** | *** | *** | *** | *** | *** | *** |
UNIX Medium OS Instance | *** | *** | *** | *** | *** | *** | *** | *** | *** |
UNIX High OS Instance | *** | *** | *** | *** | *** | *** | *** | *** | *** |
i-Series | *** | *** | *** | *** | *** | *** | *** | *** | *** |
ESX/Xen Host | *** | *** | *** | *** | *** | *** | *** | *** | *** |
Storage and Backup Services | |||||||||
Services Only | |||||||||
Storage Management | *** | *** | *** | *** | *** | *** | *** | *** | *** |
Backup Management | *** | *** | *** | *** | *** | *** | *** | *** | *** |
Services and Hardware | |||||||||
Tier 1 Storage | *** | *** | *** | *** | *** | *** | *** | *** | *** |
Tier 2 Storage | *** | *** | *** | *** | *** | *** | *** | *** | *** |
Tier 3 Storage | *** | *** | *** | *** | *** | *** | *** | *** | *** |
Backup Management | *** | *** | *** | *** | *** | *** | *** | *** | *** |
Cross Functional Services | |||||||||
Service Management Resolver Licenses | *** | *** | *** | *** | *** | *** | *** | *** | *** |
Electronic Data Exchange (EDE) | *** | *** | *** | *** | *** | *** | *** | *** | *** |
Security Administration Services | |||||||||
User Security Administration | *** | *** | *** | *** | *** | *** | *** | *** | *** |
End Point Log Retention & Monitoring | *** | *** | *** | *** | *** | *** | *** | *** | *** |
Firewall Rule Changes | *** | *** | *** | *** | *** | *** | *** | *** | *** |
Schedule 4-5.1 Transition Charges | |||||
Month | Operational Transition | Stabilization and reboot | DCTMV Planning | DCTMV Migration | Total |
Aug-12 | $ *** | $ *** | $ - | $ *** | $ *** |
Sep-12 | $ *** | $ *** | $ *** | $ *** | $ *** |
Oct-12 | $ *** | $ *** | $ *** | $ *** | $ *** |
Nov-12 | $ *** | $ *** | $ *** | $ *** | $ *** |
Dec-12 | $ *** | $ *** | $ *** | $ *** | $ *** |
Jan-13 | $ *** | $ *** | $ *** | $ *** | |
Feb-13 | $ *** | $ *** | |||
Mar-13 | $ *** | $ *** | |||
Apr-13 | $ *** | $ *** | |||
May-13 | $ *** | $ *** | |||
Jun-13 | $ *** | $ *** | |||
Jul-13 | $ *** | $ *** | |||
Aug-13 | $ *** | $ *** | |||
Sep-13 | $ *** | $ *** | |||
Oct-13 | $ *** | $ *** | |||
Nov-13 | $ *** | $ *** | |||
Dec-13 | $ *** | $ *** | |||
Jan-14 | $ *** | $ *** | |||
Feb-14 | $ *** | $ *** | |||
Mar-14 | $ *** | $ *** | |||
Apr-14 | $ *** | $ *** | |||
May-14 | $ *** | $ *** | |||
Jun-14 | $ *** | $ *** | |||
Total | $ *** | $ *** | $ *** | $ *** | $ *** |
Schedule 4-5.2 Transformation Charges |
Month | Mainframe Planning and Assessment | Mainframe Configuration, Coding and Testing | *** | U2L Planning and Assessment | U2L Configuration, Coding and Testing | Total Transformation |
Aug-12 | $*** | $*** | $*** | $*** | $*** | |
Sep-12 | $*** | $*** | $*** | $*** | $*** | |
Oct-12 | $*** | $*** | *** | $*** | $*** | $*** |
Nov-12 | $*** | $*** | *** | $*** | $*** | $*** |
Dec-12 | $*** | $*** | *** | $*** | $*** | $*** |
Jan-13 | $*** | $*** | *** | $*** | $*** | $*** |
Feb-13 | $*** | $*** | *** | $*** | $*** | $*** |
Mar-13 | $*** | $*** | *** | $*** | $*** | $*** |
Apr-13 | $*** | $*** | *** | $*** | $*** | $*** |
May-13 | $*** | $*** | *** | $*** | $*** | $*** |
Jun-13 | $*** | $*** | *** | $*** | $*** | $*** |
Jul-13 | $*** | $*** | *** | $*** | $*** | $*** |
Aug-13 | $*** | $*** | *** | $*** | $*** | $*** |
Sep-13 | $*** | $*** | *** | $*** | $*** | $*** |
Oct-13 | $*** | $*** | *** | $*** | $*** | $*** |
Nov-13 | $*** | $*** | *** | $*** | $*** | $*** |
Dec-13 | $*** | $*** | *** | $*** | $*** | $*** |
Jan-14 | $*** | $*** | *** | $*** | $*** | $*** |
Feb-14 | $*** | $*** | *** | $*** | $*** | $*** |
Mar-14 | $*** | $*** | *** | $*** | $*** | $*** |
Apr-14 | $*** | $*** | *** | $*** | $*** | $*** |
May-14 | $*** | $*** | $*** | $*** | $*** | |
Jun-14 | $*** | $*** | $*** | $*** | $*** | |
Jul-14 | $*** | $*** | $*** | $*** | $*** | |
Aug-14 | $*** | $*** | $*** | $*** | $*** | |
Sep-14 | $*** | $*** | $*** | $*** | $*** | |
Oct-14 | $*** | $*** | $*** | $*** | $*** | |
Nov-14 | $*** | $*** | $*** | $*** | $*** | |
Total | $*** | $*** | *** | $*** | $*** | $*** |
Optional Pricing Section per Schedule A.13 | ||||||
Natural to COBOL Optional Pricing | ||||||
$*** |
Resource Type | Resource Location | Role Description | Years of Experience | Bill Rate (per FTE/Hr) for a project of LESS than 3 months of duration | Bill Rate (per FTE/Hr) for a project of GREATER than 3 months of duration |
Help Desk Agent | Onsite | Service Desk Support - T1 | US 1-5 | $ *** | $ *** |
Offshore | Service Desk Support - T1 | India 1-5 | $ *** | $ *** | |
Unix Midrange Engineer - Senior | Onsite | Systems Engineering - T3 | US 8+ | $ *** | $ *** |
Offshore | Systems Engineering - T3 | Malaysia 8+ | $ *** | $ *** | |
Unix Midrange Engineer - Junior | Onsite | Systems Engineering - T1 | US 1-3 | $ *** | $ *** |
Offshore | Systems Engineering - T1 | Malaysia 1-3 | $ *** | $ *** | |
Wintel Midrange Engineer - Senior | Onsite | Systems Engineering - T3 | US 8+ | $ *** | $ *** |
Offshore | Systems Engineering - T3 | Malaysia 8+ | $ *** | $ *** | |
Wintel Midrange Engineer - Junior | Onsite | Systems Engineering - T1 | US 1-3 | $ *** | $ *** |
Offshore | Systems Engineering - T1 | Malaysia 1-3 | $ *** | $ *** | |
SAN/Backup Storage Engineer - Senior | Onsite | Storage Services Open - T3 | US 8+ | $ *** | $ *** |
Offshore | Storage Services Open - T3 | India 8+ | $ *** | $ *** | |
SAN/Backup Storage Engineer - Junior | Onsite | Storage Services Open - T1 | US 1-3 | $ *** | $ *** |
Offshore | Storage Services Open - T1 | India 1-3 | $ *** | $ *** | |
Messaging Engineer - Senior | Onsite | Messaging Services - T3 | US 8+ | $ *** | $ *** |
Offshore | Messaging Services - T3 | Malaysia 8+ | $ *** | $ *** | |
Messaging Engineer - Junior | Onsite | Messaging Services - T1 | US 1-3 | $ *** | $ *** |
Offshore | Messaging Services - T1 | Malaysia 1-3 | $ *** | $ *** | |
Network (Data) Engineer - Senior | Onsite | Network Design - T3 | US 8+ | $ *** | $ *** |
Offshore | Network Design - T3 | India 8+ | $ *** | $ *** | |
Network (Data) Engineer - Junior | Onsite | Network Design - T1 | US 1-3 | $ *** | $ *** |
Offshore | Network Design - T1 | India 1-3 | $ *** | $ *** | |
Network (Voice) Engineer - Senior | Onsite | Network Convergence - T3 | US 8+ | $ *** | $ *** |
Offshore | Network Design - T3 | India 8+ | $ *** | $ *** | |
Network (Voice) Engineer - Junior | Onsite | Network Convergence - T1 | US 1-3 | $ *** | $ *** |
Offshore | Network Convergence - T1 | India 1-3 | $ *** | $ *** | |
EUC Technician - Senior | Onsite | Client Technical Support - T3 | US 8+ | $ *** | $ *** |
Offshore | Client Technical Support - T3 | India 8+ | $ *** | $ *** | |
EUC Technician - Junior | Onsite | Client Technical Support - T1 | US 1-3 | $ *** | $ *** |
Offshore | Client Technical Support - T1 | India 1-3 | $ *** | $ *** | |
Project Manager - Senior | Onsite | Project Services - T3 | US 5+ | $ *** | $ *** |
Offshore | Project Services - T3 | India 5+ | $ *** | $ *** | |
Nearshore | Project Services - T3 | Mexico 5+ | $ *** | $ *** |
Project Manager - Junior | Onsite | Project Services - T1 | US 2-5 | $ *** | $ *** |
Offshore | Project Services - T1 | India 2-5 | $ *** | $ *** | |
Nearshore | Project Services - T1 | Mexico 2-5 | $ *** | $ *** |
Discretionary Projects | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | Total |
Discretionary Project Pool | *** | *** | *** | *** | *** | *** | *** | *** |
*** |
*** |
This document contains proprietary and confidential information of CoreLogic and Dell. The information contained in this document may not be disclosed outside your company without the prior written permission of CoreLogic and Dell. |
Office | Business Unit | Onsite Support Staff | Data Center CoreLogic Managed / Data Center Supplier Managed / No | Space Required for Transitioned Employees | Other Space To Be Provided |
*** | *** | Dispatch | No | 5 cubicles | - |
*** | *** | Dispatch | No | 1 cubicle | - |
*** | *** | Dispatch | No | - | - |
*** | *** | Dispatch | No | - | - |
*** | *** | Dispatch | No | - | - |
*** | *** | Dispatch | No | - | - |
*** | *** | Dispatch | No | - | - |
*** | *** | Dispatch | No | - | - |
*** | *** | Dispatch | No | - | - |
*** | *** | Dispatch | No | - | - |
*** | *** | Dispatch | No | - | - |
*** | *** | Dispatch | No | - | - |
*** | *** | Dispatch | No | - | - |
*** | *** | Dispatch | No | - | - |
*** | *** | Dispatch | No | - | - |
*** | *** | Dispatch | No | - | - |
*** | *** | Dispatch | No | - | - |
*** | *** | Dispatch | No | - | - |
*** | *** | Dispatch | No | - | - |
*** | *** | Dispatch | No | - | - |
*** | *** | Dispatch | No | - | - |
*** | *** | Dispatch | No | 1 cubicle | - |
*** | *** | Dispatch | No | - | - |
*** | *** | Dispatch | No | - | - |
Office | Business Unit | Onsite Support Staff | Data Center CoreLogic Managed / Data Center Supplier Managed / No | Space Required for Transitioned Employees | Other Space To Be Provided |
*** | *** | Dispatch | No | 5 cubicles | - |
*** | *** | Dispatch | No | 1 cubicle | - |
*** | *** | Dispatch | No | - | - |
*** | *** | Dispatch | No | - | - |
*** | *** | Dispatch | No | - | - |
*** | *** | Dispatch | No | - | - |
*** | *** | Dispatch | No | - | - |
*** | *** | Dispatch | No | - | - |
*** | *** | Dispatch | No | - | - |
*** | *** | Dispatch | No | - | - |
*** | *** | Dispatch | No | - | - |
*** | *** | Dispatch | No | - | - |
*** | *** | Dispatch | No | - | - |
*** | *** | Dispatch | No | - | - |
*** | *** | Dispatch | No | - | - |
*** | *** | Dispatch | No | - | - |
*** | *** | Dispatch | No | - | - |
*** | *** | Dispatch | No | - | - |
*** | *** | Dispatch | No | - | - |
*** | *** | Dispatch | No | - | - |
*** | *** | Dispatch | No | - | - |
*** | *** | Dispatch | No | - | - |
*** | *** | Dispatch | No | 1 cubicle | - |
*** | *** | Dispatch | No | - | - |
*** | *** | Dispatch | No | - | - |
*** | *** | Dispatch | No | - | - |
*** | *** | Dispatch | No | - | - |
*** | *** | Dispatch | No | - | - |
*** | *** | Dispatch | No | - | - |
*** | *** | Dispatch | No | - | - |
*** | *** | Dispatch | No | - | - |
*** | *** | Dispatch | No | - | - |
Office | Business Unit | Onsite Support Staff | Data Center CoreLogic Managed / Data Center Supplier Managed / No | Space Required for Transitioned Employees | Other Space To Be Provided |
*** | *** | Dispatch | No | - | - |
*** | *** | Dispatch | No | - | - |
*** | *** | Dispatch | No | - | - |
*** | *** | Dispatch | No | 1 cubicle | - |
*** | *** | Dispatch | No | - | - |
*** | *** | Dispatch | No | - | - |
*** | *** | Dispatch | No | - | - |
*** | *** | Dispatch | No | - | - |
*** | *** | Dispatch | No | - | - |
*** | *** | Onsite | No | 1 office and 7 cubicles | 2 cubicles and 5X5 (approximate) sq ft lockable storage closet |
*** | *** | Dispatch | No | - | - |
*** | *** | Dispatch | No | - | - |
*** | *** | Dispatch | No | 1 cubicle | - |
*** | *** | Dispatch | No | - | |
*** | *** | Dispatch | No | 1 cubicle | - |
*** | *** | Dispatch | No | 1 cubicle | - |
*** | *** | Dispatch | No | 1 cubicle | - |
*** | *** | Dispatch | No | - | - |
*** | *** | Dispatch | No | - | - |
*** | *** | Dispatch | No | - | - |
*** | *** | Dispatch | No | - | - |
*** | *** | Dispatch | No | - | - |
*** | *** | Dispatch | No | - | - |
*** | *** | Dispatch | No | 2 cubicles | - |
*** | *** | Dispatch | No | - | - |
*** | *** | Dispatch | No | - | - |
*** | *** | Onsite | No | - | - |
Office | Business Unit | Onsite Support Staff | Data Center CoreLogic Managed / Data Center Supplier Managed / No | Space Required for Transitioned Employees | Other Space To Be Provided |
*** | *** | Onsite | Data Center Supplier Managed | 16 offices and 66 cubicles | 1 office space, 8 cubicles, and 20X20 (approximate) sq ft lockable storage space; One 12-person (approximate) conference room |
*** | *** | Onsite | No | - | - |
*** | *** | Onsite | No | - | - |
*** | *** | Onsite | Data Center Supplier Managed | 10 offices and 59 cubicles | 9 cubicles and 10X10 (approximate) sq ft lockable storage space; One 12-person conference room |
*** | *** | Dispatch | No | 1 cubicle | - |
*** | *** | Dispatch | No | - | - |
*** | *** | Dispatch | No | - | - |
*** | *** | Dispatch | No | - | - |
*** | *** | Dispatch | No | - | - |
*** | *** | Dispatch | No | - | - |
*** | *** | Dispatch | No | - | - |
*** | *** | Dispatch | No | - | - |
*** | *** | Dispatch | No | - | - |
*** | *** | Dispatch | No | - | - |
*** | *** | Dispatch | No | - | - |
*** | *** | Dispatch | No | - | - |
*** | *** | Dispatch | No | - | - |
This document contains proprietary and confidential information of CoreLogic and Dell. The information contained in this document may not be disclosed outside your company without the prior written permission of CoreLogic and Dell. |
1. | INTRODUCTION |
1.1 | Agreement. This Schedule A-13 (this “Schedule”) is attached to and incorporated by reference in Supplement A to that certain Master Services Agreement by and between CoreLogic and Supplier dated July 19, 2012 (the “MSA”). |
1.2 | References. All references in this Schedule to articles, sections and exhibits shall be to this Schedule, unless another reference is provided. |
1.3 | Definitions. Terms used in this Schedule with initial capitalized letters but not defined in this Schedule shall have the respective meanings set forth in Schedule A-1 to Supplement A, Schedule 1 to the MSA or the other Schedules to the MSA or Supplement A. |
1.4 | Overview. This Schedule sets forth the Transformation Services to be performed by Supplier including services, functions, responsibilities, governance requirements, assumptions and charging methodologies for the transformational activities to be undertaken by Supplier as part of the Services, and the corresponding tasks to be performed by CoreLogic in order for Supplier to perform the Transformation Services. |
1.5 | Attachments. Attached and incorporated into this Schedule are the following Schedules related to the Transformation Services: |
Schedule A-13.1 | Application Scope Components for *** Transformation Services |
Schedule A-13.2 | Acceptance Criteria and Milestones for *** Transformation and U2L |
Schedule A-13.3 | Natural to Cobol Conversion |
1.6 | Responsibilities. In the matrices in this Schedule, “P” means “Perform”. The Party identified as “Perform” for an activity is responsible for the successful and appropriate completion of such activity. |
2. | TRANSFORMATION SERVICES |
No. | Description | Supplier | CoreLogic |
2.2.1 | Define a single Project Management Office (“PMO”) structure, scope and objectives that will apply to all three (3) transformation projects | P | A |
2.2.2 | Implement a PMO to oversee all Transformation Services activities performed | P | |
2.2.3 | Manage Transformation Services activities in support of the completion of the projects | P | |
2.2.4 | Develop list of project deliverables to be created by the Parties and applicable Acceptance criteria | P | A |
2.2.5 | Provide CoreLogic with updates on the progress of deliverables | P | |
2.2.6 | Present completed deliverables for review and Acceptance by CoreLogic in accordance with the timeframes set forth in the applicable Transformation Plan | P | |
2.2.7 | Review deliverables for Acceptance and sign-off | P | |
2.2.8 | Identify and address transformation project issues and communicate and escalate issues to CoreLogic as required | P | |
2.2.9 | Manage the project in accordance with the approved project schedules | P | |
2.2.10 | Utilize the Change Management Procedures to communicate and address changes to the projects | P | |
2.2.11 | Utilize the Change Management Procedures to request changes to the projects | P | |
2.2.12 | Manage procurement of Supplier assets to be acquired for the Transformation Services | P | |
2.2.13 | Act as a central administrative point for Transformation Plan management, work management, and communications | P | |
2.2.14 | Provide *** status and reporting cycle updates to CoreLogic | P | |
2.2.15 | Identify, prioritize, authorize and manage Transformation Services program and project activities | P | |
2.2.16 | Facilitate the Transformation Services activities by providing analysis and critical reporting to support governance boards and CoreLogic | P | |
2.2.17 | Conduct project resource management, encompassing capacity planning, forecasting, utilization, analysis, and reporting, as well as allocation of resources across the portfolio of transformation projects | P | |
2.2.18 | Conduct transformation project portfolio management, including identifying, prioritizing, authorizing, managing, and controlling programs, projects, and other related work to maximize the value and achieve specific strategic business objectives of the portfolio | P |
No. | Description | Supplier | CoreLogic |
2.2.19 | As part of the Transformation Plan, develop and manage a quality management plan, including *** performance monitoring, standardized performance metrics and reporting, red/yellow action plan reviews and intervention and remediation activities | P | |
2.2.20 | Lead PMO organization (e.g., plan, design, develop, and manage the PMO organization, including project management staff) | P | |
2.2.21 | Utilize Supplier’s project management methodologies | P |
(a) | Regarding the CICS source components on the mainframe , the CICS online Application components (including Natural, COBOL and assembler) will be transformed to COBOL in being moved by Supplier to the Intel x86-based Linux “Target Platform” and will execute within the *** TPE Application execution environment. In performing the migration, the number of *** TPE regions on the Target Platform will be the same number of the CICS regions on the Mainframe. The presentation Application layer will use BMS maps to communicate with direct end user correspondents in the same manner that they do today with CICS. The business logic layer will be retained although programming languages may change. COBOL will remain COBOL, Natural will be transformed to COBOL, and Assembler will be converted to COBOL. COBOL ADASQL calls will be converted to EXEC SQL calls and Adabas Direct Calls will also be converted to EXEC SQL. |
• | *** TPE tables will be configured by Supplier from the CICS System converted information. This information will need to be provided in a specific format (as specified in Supplier asset download instructions) for conversion. |
• | BMS maps will be re-hosted by Supplier. Natural maps will be converted to BMS maps by Supplier. |
• | CICS COBOL programs will be adapted by Supplier to run in the *** TPE *** Application execution environment. |
• | CICS Natural online programs will be transformed to COBOL by Supplier with EXEC CICS command interfaces to run in the UniKix TPE vCOBOL application execution environment. |
• | CICS assembler modules called by CICS COBOL will be replaced by Supplier depending upon the function of the module, one of the following approaches will be used unless otherwise agreed. |
• | The assembler module will be re-implemented by Supplier in COBOL or C as an Application module. |
• | The assembler module will be replaced by Supplier by configuration options, user exit code or COBOL functions (e.g., date functions). |
• | The assembler module will be deleted by Supplier if the function was not required or not accessible. An existing higher-level language Application module would need to be changed to adapt to this change in function. |
• | All direct end user interactive communication with the Applications in the *** TPE will be through TN3270 clients connections. |
• | The Supplier *** Secure environment will be used for the *** TPE transaction processing user identification, authentication, transaction access control, other transaction processing resource access control, transaction processing audit logs, etc. on the Target Platform. |
(b) | This paragraph is intentionally left blank. |
(c) | With respect to the Batch / *** Batch Processing Environment source components on Linux, Batch Application components will be moved by Supplier to the *** BPE environment in an Intel x86-based Linux “Target Platform.” *** BPE will provide JCL translation, job/proc step processing capabilities, dynamic submission of JCL jobs from Natural / COBOL programs, GDG/concatenated data set support, and monitoring/accounting facilities for a production batch Application execution environment on the Target Platform. |
• | Batch COBOL programs will be adapted by Supplier to run in the *** BPE vCOBOL environment. |
• | Batch Natural programs (both submitted from JCL and through Natural via RJE) will be converted by Supplier to (replaced by) COBOL programs that will execute in the *** BPE vCOBOL environment. |
• | Batch DYL280 programs will be transformed by Supplier to COBOL that will execute in the *** environment. |
• | Batch assembler modules will be replaced by Supplier. JCL for Jobs/Procs will be adapted / translated by Supplier to *** BPE macro scripts. |
• | JCL will be developed / extended by Supplier on the Target Platform. |
• | Supplier will migrate all IDCAMS, IEFBR14, IEBGENER, SORT (and similar Mainframe sort utilities like DFSORT, ICEMAN, SYNCSORT), FTP, NDMBATCH, RDBMS, IKJEFTxx utilities invoking RDBMS utilities, MTPBATCH, file back-up, and WTO utilities as well as CoreLogic abend programs (e.g., ILOABN0). Other utilities will be considered within scope if an existing replacement utility is available or if a replacement utility can be written in two days. Out of scope utilities will be identified as soon as possible so CoreLogic can identify short-term work around options and long-term solutions. |
• | Standard Target Platform operating System (OS) level security will be used by Supplier for batch processing identification and authentication. Standard Target Platform operating System (OS) level security will be used by Supplier to manage access to individual files on disk. CoreLogic will configure security parameters for all operating System instances of the Target Platform. |
(d) | For the TSO / uni-SPF Extended for *** on Linux migration, the CLIST modules / scripts will be converted by Supplier to REXX to be compatible with uni-REXX or converted to scripts on uni-SFP Extended for *** on the Intel x86-based Linux Target Platform. The specific transformation option for each module is influenced by what capabilities are used in the module. No CoreLogic ISPF panels will be migrated for the Applications. |
(e) | Sequential / GDG Data Files will be migrated by Supplier to sequential/GDG files on the batch processing Intel x86-based Linux Target Platform. |
(f) | Regarding VSAM files and Adabas database files / RDBMS on Linux (***)), Adabas database file data needs will be migrated by Supplier to RDBMS tables (***). RDBMS DDL, ADABAS data extract programs, and Adabas data conversion programs will be generated from the ADABAS definitions. VSAM file data will be migrated by Supplier to *** RDBMS database tables. Standard RDBMS security will be used by Supplier for the selected RDBMS. |
(g) | Regarding other Linux operating environment products, BMC Control-M is the current Mainframe batch scheduler and the expected batch scheduler on the Target Platform will be BMC Control-M (although the master schedule may be on Windows with an agent on the Linux System). $avrs, XPTR, LPserve / VPS (AFP/PSF) products are used for print distribution and archival on the Mainframe. The print distribution facility on the Target Platform will be Levi, Ray and Shoup VPSX and related products, although this selection will be refined by Supplier, as needed, during the operational planning phase. *** will be the sort package. Subversion is expected to be the target source code change control management system. |
(h) | The Application source components listed by type and counts in Schedule A-13.1 will be in scope for Supplier's performance of the *** Transformation Services. Analysis, collection or conversion of components that do not reside on the CoreLogic Mainframe or written in languages other than those specifically listed above is out of scope. Any Application under consideration for transformation that is not currently active or is not presently used in production today will be addressed through the Change Control Procedures. Following asset confirmation at the start the project, CoreLogic will continue to update the Mainframe *** System in parallel with the Transformation Services project. Prior to Application source freeze period, CoreLogic Application changes and the Supplier transformation changes will be synchronized in an Application Source Retrofit process. The scope of the Application Source Retrofit will include the following. |
(1) | CoreLogic will be able to create or change up to *** of the BMS Maps, COBOL modules (e.g., programs, subprograms, copybooks, include files), DYL280 programs, TSO CLIST modules, assembler modules and JCL modules (e.g., jobs, procs, parmlib members, control cards) of those same modules of the baseline defined in the asset confirmation (e.g., the number changed COBOL programs would not exceed ***(***) of the COBOL programs counted for in the asset confirmation) for the Application source retrofit where the total lines of code in each changed module does not change more than ***(***). |
(2) | CoreLogic will be able to create up to ***(***) new total sequential, GDG, and / or VSAM files of the baseline defined in the asset confirmation. |
(3) | CoreLogic will be able to update up to ***(***) total of the existing sequential file, GDG file, and / or VSAM files of the baseline defined in the asset confirmation. |
(4) | CoreLogic will use the same external interfaces in the Application as was used in the baseline defined in the asset confirmation. |
(5) | Corelogic will use the same batch scheduler functions as was done at the time of receiving the batch schedule. |
(i) | In connection with the *** Transformation Services ***(***)*** after the Supplement Effective Date, (i) CoreLogic and ***, shall execute a Binary Code License Agreement and Maintenance and Support Agreement . CoreLogic's warranty, license and other rights with respect to the *** Materials shall be as specified in such agreements and the terms of the Agreement shall not apply to such Materials. |
(j) | This paragraph is intentionally left blank. |
(k) | This Section details the obligations and responsibilities of the Parties regarding the *** Transformation Services. Except where a responsibility is identified as a “P” responsibility for CoreLogic in the matrix below, Supplier shall be responsible for the associated activities. |
No. | Description | Supplier | CoreLogic |
2.3.1 | Identify Application source to be migrated. Natural source code for the transformation implementation will be collected only from partitioned datasets and/or ADABAS/Natural data dictionaries. Verify that source code to be converted is able to be compiled in the Mainframe environment error free | P | |
2.3.2 | Identify Application data to be migrated | P | |
2.3.3 | Develop a comprehensive strategy for in-scope Applications and data sources then-located on the Mainframe | P | A |
2.3.4 | Provide reasonable access to Application owners/developers who possesses relevant knowledge of the technical Application details and who will be responsible to participate actively throughout the Transformation Period process as required (i.e., from beginning through end) | P | |
2.3.5 | Provide a primary and secondary point of contact in database administration, Application development resources or subject matter experts on Mainframe who are responsible for: • Completing the source code collection • Assisting in the definition of the logical Applications • Resolving missing, duplicate and other special interest components • Locating appropriate CoreLogic Personnel to answer questions from the Supplier team | P | |
2.3.6 | Provide: • information and support from Third Party Contractors of Corelogic Equipment without unreasonable delay • Access to relevant System and Application documentation and records. • Participation in planning and preparation meetings | P |
No. | Description | Supplier | CoreLogic |
2.3.7 | Provide the Supplier US and international teams access to the CoreLogic test environment on Target Platform (***) | P | |
2.3.8 | Provide Supplier US and international teams with remote access to the existing CoreLogic test Mainframe environment | P | |
2.3.9 | Provide Supplier with read-only access to the dictionaries and partitioned datasets that contain the source code and definitions that will be converted | P | |
2.3.10 | Provide Supplier with authority to use the in-scope Application and database Tools and any other Tools necessary for Supplier to research issues, locate code version differences, monitor execution or performance, or perform other activities to assist CoreLogic with fast conversion issue resolution | P | |
2.3.11 | Provide Supplier with remote access to environments where necessary for Supplier to assist with issue resolution | P | |
2.3.12 | Resolve any issues related to Supplier connectivity and/or access to any of the CoreLogic environments • Test the connectivity and access between Supplier and CoreLogic environments • Provide details on any connectivity issues encountered • Resolve any connectivity, authority or training issues that are under its control | P | |
2.3.13 | Resolve, where applicable, or assist Supplier in resolving, where applicable, any issues related to Supplier connectivity and/or access to any of the CoreLogic environments • Test the connectivity and access between Supplier and CoreLogic environments • Provide details on any connectivity issues encountered Resolve any connectivity, authority or training issues that are under its control | P | |
2.3.14 | Provide student profiles *** (***) *** prior to *** training | P | |
2.3.15 | Provide *** (***) *** product training session for administrators and Application development staff (one training session at West Lake for up to *** (***) *** for up to *** in class duration and one training session in an India location for up to *** (***) *** for up to **** in class duration), such training to cover: • *** Transaction Processing Environment, • *** Manager, • *** Secure, and • *** Batch Processing Environment with *** COBOL compiler and runtime | P | |
2.3.16 | Attend *** product training (***) | P | |
2.3.17 | Provide student profiles *** (***) *** prior to training | P | |
2.3.18 | |||
2.3.19 | Conduct transformation planning including asset cataloging (AC), source planning (SP), operational planning (OP), and project planning (PP) | P |
No. | Description | Supplier | CoreLogic |
2.3.20 | AC: Using Supplier-provided instructions, provide the following inputs to Supplier via FTP / SFTP as prerequisites for the Asset cataloging: • Program source code, JCL, copy books, parameter libraries, BMS maps and other relevant source modules being considered for Application re-host transformation to be submitted to Supplier in a mutually acceptable format. | A | P |
2.3.21 | AC: Establish and populate a project directory of source component modules by type of source component at the Supplier Facilities. | P | |
2.3.22 | AC: Create project change request, to be addressed through the Change Control Procedures, if source programs that are not COBOL, DYL280, CLIST or assembler are encountered and the Application component counts received exceed the Application component counts in Schedule A-13.1. | P | |
2.3.23 | AC: Perform an analysis of the Application source components. The analysis addresses source code classification, quantification, inventory issues, and interface usage | P | |
2.3.24 | AC: Examine Application program (e.g., COBOL) source and JCL to determine missing and unused source components | P | |
2.3.25 | AC: Produce an initial list (Initial Missing List Report) of detected missing Application source inventory components (e.g., missing programs, copybooks, include files, JCL Procs, parmlibs) for CoreLogic | P | |
2.3.26 | AC: Review Initial Missing List Report | P | |
2.3.27 | AC: Submit changes to the source code inventory by adding to, replacing, or deleting members of the current inventory (within five (5) business days of receiving Initial Missing List Report) in one delivery to Supplier to address the items determined to be missing or unused from the Initial Missing List Report prior to any final Asset cataloging iteration and provide a single list of changes to the source code inventory | P | |
2.3.28 | AC: Receive and integrate CoreLogic-provided changes to the source code inventory | P | |
2.3.29 | AC: Conduct a final analysis on the findings from the analysis of Application source components to provide an Asset cataloging Report | P | |
2.3.30 | SP: Using the source code inventory received from the AC phase, prepare to perform source planning | P | |
2.3.31 | SP: Examine BMS maps, COBOL source modules (programs, copybooks, include files), JCL (jobs, procs, utilities, parmlibs), and CICS configuration tables for non-Natural CICS regions. Identify areas requiring custom adaptation including, but not limited to syntax differences, collating sequence related differences, features used that are not in underlying supported products, etc. | P | A |
2.3.32 | SP: Examine source modules that require transformation prior to or as a part of re-hosting to the Target Platform. These source modules (e.g., assembler, TSO CLIST, DYL280) will need to be transformed, re-engineered, replaced, or deleted | P |
No. | Description | Supplier | CoreLogic |
2.3.33 | SP: Document the analysis results in a Source Assessment Transformation Approach Report • Identify issues that will need further investigation before and as part of the transformation • Present an analysis outlining the discovered transformation issues that require special attention and/or custom conversion | P | |
2.3.34 | SP: Document the refined/ updated transformation approach in the Source Assessment Transformation Approach Report. Refine project and technical scope assumptions and transformation approach for specific Application source and Application data transformation | P | |
2.3.35 | OP: Review the Software mapping information for the following o Application Development Environment (Text Editing, compiling, testing / debugging, change / version control) o Sort utility requirements o Batch Scheduler o Print Distribution Facility o Security: Transaction Processing Security (Identification, Authentication, Authorization, Audit, Programmatic interface requirements) o Security: System security (Identification, Authentication, Authorization, Audit, Programmatic interface requirements, Directory Services) o CICS connectivity (sockets, ECI/EPI, TN3270, CICS Web API) o Entire / X Broker “Server-side” replacement o File transfer facilities o Database capabilities o System / Storage / Network Management (including monitoring, alerts, automated responses, hierarchical storage management, tape management) o Data Back-up / Availability (mirror) • The following areas will not be addressed in the Operational Assessment Software Mapping sub-activity: o System platform availability – Hot Back-up Availability o System platform availability – Disaster Recovery Synchronization o Security: Any Message Privacy / Integrity considerations (Message Encryption) o Web Server / Application Server o SNA Communications (SNA terminal / SNA printer or emulator (SNA LU2/3), SNA LU0, peer to peer (SNA LU6.2)) o SNA Communications (RJE / NJE) o SOA / Web Service Communications o MQSeries integration o Data Reporting / Data Editing Tools o Email o Software product interfaces (Input / Output Impact) o Operational requirements specifically related exclusively to Application(s) not being rehosted by Supplier as part of a larger Application rehost transformation. | P |
No. | Description | Supplier | CoreLogic |
2.3.36 | Perform o System platform availability – Hot Back-up Availability o System platform availability – Disaster Recovery Synchronization | P | |
2.3.37 | OP: Review the following operational data transformation requirements o Batch schedule transformation o ACF2 CICS security configuration to *** Secure transformation o Source code control transformation • The following topics are not included in the Operational Assessment Operational Data Transformation sub-activity o System and RDBMS security configuration mapping to the underlying Target Platform o Archive Tape Migration | P | |
2.3.38 | OP: Review the Software mapping information and discuss operational data transformation in an onsite operational planning workshop for up to a four (4) day period | P | |
2.3.39 | OP: Review the Software mapping information and discuss operational data transformation in an onsite operational planning workshop for up to a four (4) day period | P | |
2.3.40 | OP: Provide completed Supplier Infrastructure questionnaire and Supplier Software solution mapping document | P | |
2.3.41 | OP: Provide list of all Mainframe Software products in use that support the Application being re-hosted | P | |
2.3.42 | OP: Provide list of CoreLogic Software standards, recommended practices, or Software usage on open System platforms | P | |
2.3.43 | OP: Identify external interfaces and make necessary changes to the interfaces | P | |
2.3.44 | OP: Review the Mainframe batch schedule characteristics to assess transformation options for moving the batch schedule from Mainframe BMC Control-M to Target Platform BMC Control-M | P | |
2.3.45 | OP: Review the Mainframe security characteristics to assess transformation options for moving selected Mainframe CICS-related security configuration parameters from ACF2 to Supplier *** Secure repository | P | |
2.3.46 | OP: Review the Mainframe change control System characteristics to assess transformation options for setting up the source code parameters from Mainframe CA-Endevour to Subversion | P | |
2.3.47 | SP: Complete an operational assessment Report consisting of a one-to-one mapping of operational requirements to the appropriate distributed System target | P | |
2.3.48 | OP: Define the findings in the operational assessment Report consisting of a one-to-one mapping of operational Software requirements (including some alternative products for consideration) to the appropriate distributed System target. This will include appropriate configuration information | P | |
2.3.49 | Inform CoreLogic that the collating sequence for ASCII differs from that of EBCDIC | P | A |
No. | Description | Supplier | CoreLogic |
2.3.50 | Provide an environment on which the Mainframe Applications and storage will migrate | P | |
2.3.51 | Install re-hosting Software as necessary for Application transition | P | |
2.3.52 | Provide to Supplier Personnel valid user-ids and log-on permissions with sufficient authority to perform installations services, batch schedule transformation, *** Secure security configuration, source code control source transformation, compiles, or access to a person with sufficient System access and authority to participate in Supplier installation services of Supplier Software products and licenses on Target Platform | P | |
2.3.53 | License the *** Software to include *** TPE, *** BPE, *** Secure, appropriate C compiler (e.g., Linux GCC 4.1.2 C Compiler), *** COBOL compiler and runtime, *** , *** and other requisite Software products | P | |
2.3.54 | Order, receive, and provide third party vendor Software products (or authorized internet access to the Software products) to be installed | P | |
2.3.55 | Provide third party vendor Software product installation instructions and Software product license keys | P | |
2.3.56 | Install the following vendor Software products on *** (***) *** System instance on the Target Platform • Linux GCC 4.1.2 C Compiler • Subversion for source control management System • *** for external sort • *** Batch Processing Environment for batch processing environment (Supplier) • *** Transformation Toolkit (Supplier) • *** Secure • *** Transaction Processing Environment for transaction processing environment and VSAM file services (Supplier) • uni-REXX (The Workstation Group) • uni-SPF Extended for *** for text editing (Supplier) • *** Development System and *** Runtime Environment | P | |
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2.3.58 | Provide third party vendor Software product selection, acquisition, installation, configuration, implementation, integration, and testing of any product that is necessary for Supplier to complete the Transformation Services but is not identified as Supplier responsibility in this Schedule including, but not limited to, other programming language compilers / runtimes, print output management / print distribution facility, text editor, source change / version control package, System / storage management facilities, file transfer packages, relational database management System (RDBMS) Software, etc. | P |
No. | Description | Supplier | CoreLogic |
2.3.59 | Provide • Additional Software product installation on additional operating System instances. • Any tape specific processing. • Back-up procedures and related utilities. | P | A |
2.3.60 | Provide • Finalized *** Secure security configuration such as password changes following transformation. • *** Secure configuration for other operating System instances not required to be addressed by Supplier (if required) | P | |
2.3.61 | Complete Application source transformation (including migrate the COBOL, Assembler ALC, Natural and ADABAS components) | P | |
2.3.62 | Review any updates to project pricing and duration in the Source Assessment Transformation Approach report | P | |
2.3.63 | Set up a remote transformation environment with Application component inventory in a Supplier defined directory structure. This transformation environment will use Application source components as provided by CoreLogic during the Source Assessment (which is completed prior to this service activity) | P | |
2.3.64 | Provide knowledgeable personnel to provide information during the Application re-host transformation. The following areas of expertise are required: • User Application knowledge • Application development knowledge of the specific Application logic and data layout characteristics | P | |
2.3.65 | Assist CoreLogic with reconciling the Application component inventory to be migrated by identifying missing and apparently unused components in each CoreLogic-submitted source update prior to the Asset confirmation Report. Supplier will issue an Asset confirmation Report following either reaching the desired thresholds (***% ***) or maximum number of iterations (***) (whichever happens first) to confirm the Application components to be migrated | P | |
2.3.66 | Identify / reconcile the Application source components to be included in the project in at most *** (***) iterations (Asset confirmation). The new/updated source components are to be supplied in one (1) delivery to Supplier for each iteration (i.e., not a series of multiple deliveries for each iteration). This step must be completed within *** (***) *** of the start of this Application source and data transformation service activity. | P | |
2.3.67 | Convert CICS table configuration to generate initial *** TPE table production region configuration | P | |
2.3.68 | Adapt BMS (basic mapping set) maps to address differences between the source and target environment so that maps will assemble without “fatal” error on the Target Platform | P |
No. | Description | Supplier | CoreLogic |
2.3.69 | Adapt COBOL programs to: • Change ADASQL calls to embedded EXEC SQL, Adabas Direct Calls to embedded EXEC SQL as well, VSAM calls to access a RDBMS, and return the correct results to the originating program • Address differences between the source and target environment so that programs will compile without “fatal” error in the Target Platform | P | |
2.3.70 | Convert batch Natural programs to COBOL. Adapt generated-COBOL programs to address differences between the source and target environment so that programs will compile without “fatal” error in the Target Platform | P | |
2.3.71 | Transform online Natural objects to COBOL to be executed in the *** TPE *** environment on Linux. Transform Natural maps to BMS maps to be executed in the *** TPE *** environment. Compile the transformed online application code in Supplier Linux environment. | P | |
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2.3.73 | Item intentionally left blank. | ||
2.3.74 | Transform batch DYL280 Application programs to batch COBOL programs that will compile without material error when compiled for the without “fatal” error in the Target Platform | P | |
2.3.75 | Convert Assembler programs to COBOL for the target environment so that programs will compile without “fatal” error in the Target Platform | P | |
2.3.76 | Adapt Jobs and Procs • Create an initial file map from the JCL • Convert sort parameters to operate with *** on the Target Platform • Adapt utilities in JCL that have different parameters or syntax on Target Platform • Replace utilities in JCL that are not available on Target Platform as depicted within the scope of the assumptions • Adapt JCL and translate Jobs and Procs to *** Batch Processing Environment macro scripts | P | |
2.3.77 | Provide a list of preferred utility replacement options to Supplier to determine acceptable replacement steps in the JCL where the operational utilities differ substantially in functionality between the Mainframe and the Target Platform | P | |
2.3.78 | Transform TSO CLIST modules to REXX (operating under uni-REXX) or scripts for the Target Platform | P | |
2.3.79 | Provide more detailed *** TPE and *** BPE configuration to integrate with *** Runtime Environment, *** sort product, BMC Control-M batch scheduler, Oracle RDBMS, an LP-based interface print distribution facility, Linux, and JCL utilities integration | P |
No. | Description | Supplier | CoreLogic |
2.3.80 | Provide file data layout information, rules for interpreting any redefined fields or record types, and test data for data conversion tasks for VSAM files, sequential files, and / or GDG files whose data needs to be migrated (e.g.,master/ input / historical files, but not intermediate results files or non-historical output files). Supplier will provide instructions for providing this information in a format that can be readily processed by Supplier Tools | P | |
2.3.81 | Establish data conversion procedures for VSAM files for those files whose data needs to be migrated to Target RDBMS on the Target Platform: • Generate data conversion programs from CoreLogic-provided file data record layout definitions for *** • Generate scripts to sort and load converted data in to Target RDBMS • Data will be converted / transformed in to a format that can be loaded in to the RDBMS. During the load process, multi-record type files will be split across multiple database tables • Test data conversion programs and conversion scripts with a small amount of data (less than *** per file, *** for all files) that includes a separate file for each unique file data record layout | P | |
2.3.82 | Establish data conversion procedures for sequential/GDG files for those files whose data needs to be migrated to Target Platform: • Generate data conversion programs from CoreLogic-provided file data record layout definitions • Customize conversion scripts for specific file types • Test data conversion programs and conversion scripts with a small amount (less than *** per file, *** for all files) of data that includes a separate file for each unique file data record layout | P | |
2.3.83 | For Adabas to ANSI standard RDBMS database parameter and preference setup for each SOURCE database file that is scheduled for conversion: • Provide a file definition worksheet for each SOURCE database file definition • Provide reports regarding occurs clauses, redefines clauses, group levels and potential date fields • Provide guidance in correctly and completely filling out the database definition workbook • Apply all preferences, standards and parameters as rules • Verify and manage the rules throughout the conversion lifecycle | P | |
2.3.84 | For Adabas to ANSI standard RDBMS database parameter and preference setup: • Respond to Supplier questions regarding the conversion • Provide additional information as required to allow the full definition of the target databases | P |
No. | Description | Supplier | CoreLogic |
2.3.85 | For ADABAS test data creation: • Create test environments for use in testing the new Applications and the new ANSI standard databases • Define processes that will allow the for testing and refreshing the unrestricted data in the target ANSI standard database environment and existing Mainframe test environment | P | |
2.3.86 | For ADABAS test data creation: • Locate or create a full set of SOURCE data that contains no sensitive data and can be used in its entirety in testing by Supplier and CoreLogic • Ensure that the created data is suitable to allow the Applications to execute completely • Test the execution of the CoreLogic Applications against the new set of unrestricted data • Execute the deliver SOURCE extract processes against the unrestricted data in the Mainframe SOURCE • Resolve any data cleansing issues in the unrestricted data so that no cleansing rule changes are applied to the unrestricted data during the extract process UAT test | P | |
2.3.87 | For ADABAS test data creation: • Define processes that will allow Supplier to test and refresh the data in SOURCE and in a target ANSI standard environment • Create test scripts, test cases, and use cases for each process using the data | P | |
2.3.88 | For ADABAS unrestricted test data creation in UAT: • Create working test scripts, test cases, and use cases for the execution of the Applications using the unrestricted test data • Create test environments for use in testing the new Applications and the new ANSI standard databases • Define processes that will allow the for testing and refreshing the unrestricted data in the target ANSI standard database environment and existing Mainframe test environment | P |
No. | Description | Supplier | CoreLogic |
2.3.89 | For Adabas SOURCE database file definitions that are scheduled for conversion: • Import the SOURCE file definition report(s) for the file definition(s) as collected • Generate the first-pass SQL Imager reports for the file definition(s) • Review the reports for the file definition(s) • Review log messages for any errors during the import and initial parse phases • Load the table and column naming rules defined by CoreLogic in the Conversion Workbook • Load the date rules for each SOURCE date element as defined by CoreLogic • Load the CoreLogic adjustment rules for any redefines, occurs clauses and group levels • Present questions regarding the first-pass conversion • Conduct a walkthrough of the deliverables and the processing instructions • Implement the first-pass ANSI standard database DDL for the databases at Supplier • Review and test the resulting database structures using the ANSI standard database Tools and other Tools as desired • Deliver the resulting DDL for the new databases to the CoreLogic teams • Respond to CoreLogic questions regarding the DDL • Conduct a post-conversion walkthrough of the resulting databases • Apply table, column and other naming changes based upon CoreLogic team input • Apply data cleansing rules as submitted by CoreLogic team • Re-generate the ANSI Standard Database DDL or SOURCE extracts as required • Enable referential integrity on the target databases as required • Respond to CoreLogic questions regarding the first-pass conversion | P | |
2.3.90 | For First-Pass ANSI Standard Database DDL delivery and installation: • Respond to Supplier questions regarding the first-pass conversion • Provide additional information as required to allow the full definition of the target databases | P | |
2.3.91 | For First-Pass ANSI Standard Database DDL delivery and installation: • Receive and implement the first-pass ANSI Standard Database DDL for the databases at the CoreLogic site • Review and test the resulting database structures using the ANSI Standard Database Tools and other Tools as | P | A |
No. | Description | Supplier | CoreLogic |
For First-Pass Data Extract and Population: • Generate the data extract JCL and modules for the file definitions that are being converted • Deliver the date extract JCL and modules and instructions to CoreLogic for execution in the CoreLogic SOURCE environment. • Receive and review the extracted data files • Populate the new ANSI Standard databases at Supplier with the unrestricted data provided by CoreLogic • Review and touch test the resulting ANSI Sstandard database structure using ANSI standard Tools • Log and document any issues with the received data • Present the CoreLogic with details regarding any data issues encountered • Make any adjustments in order to make the initial database data useable for the initial pass • Backup the populated ANSI standard databases • Deliver the backups to CoreLogic for installation in the CoreLogic test environment | P | ||
2.3.92 | For First-Pass Data Extract and Population: • Receive and install the data extract JCL and modules on the CoreLogic Mainframe • Compile and execute the data extract JCL and modules against the predefined SOURCE unrestricted databases for each SOURCE file definition according to the instructions provided • Ensure that all jobs and steps are executed in the correct sequence and with successful return codes • Provide Supplier with all extracted data and completed job output in text format as extracted using the Supplier supplied data extract JCL and modules without any manual change pre-extract or post-extract | P | |
2.3.93 | For First-Pass Data Extract and Population: • Restore the backups into the CoreLogic environment Review and touch test the resulting ANSI standard database structure using ANSI standard Tools or other Tools • Backup the populated ANSI standard databases • Define and manage procedures for controlling instances of ANSI standard data for testing. | P | |
2.3.94 | Implement a one-time retrofit process (Application source retrofit) to synchronize Mainframe CoreLogic Application extensions and Supplier Application transformation changes during the transformation implementation phase of the project. CoreLogic Application extensions will include new modules and updated modules within the scope defined in Section 2.3 (g). | P | |
2.3.95 | At the time of Application source production freeze, provide the Mainframe Application source in scope for input to the Application source retrofit process within scope as defined in Section 2.3 (g). | P | |
2.3.96 | Create file data record layouts for all new VSAM files, sequential files, and GDG files for the Application source retrofit for scope defined in Section 2.3 (g). | P |
No. | Description | Supplier | CoreLogic |
2.3.97 | Provide any updated file data record layouts for changes to VSAM, sequential, and GDG file formats from the previous baseline definitions for VSAM files, sequential files, and GDG files within scope as defined in Section 2.3 (g). | P | |
2.3.98 | For each SOURCE file definition that is scheduled for conversion, the following activities will take place during the collection and definition process: • Provide a file definition worksheet for each SOURCE file definition • Provide reports regarding occurs clauses, redefines clauses, group levels and potential date fields • Provide guidance in completing the database definition workbook • Apply all preferences, standards and parameters as rules • Verify and manage the rules throughout the conversion lifecycle | P | |
2.3.99 | For each SOURCE file definition scheduled for conversion: • Respond to questions regarding the conversion • Provide additional information as required to allow the full definition of the target databases | P | |
2.3.100 | Provide transformation planning services including, but not limited to, Application source module categorization and quantification, source planning, and operational requirements planning | P | |
2.3.101 | Complete usability and UI design of converted components | P | |
2.3.102 | Item intentionally left blank. | ||
2.3.103 | Complete the Application and data conversion to the Target Platform | P | A |
2.3.104 | Prior to delivering re-hosted source components for testing, Supplier will have completed the following • Installed, configured the following with regards to the migrated environment o Open System hardware and operating System environment o third party vendor Software products (e.g., batch scheduler, C, print distributed facility, Syncsort DMExpress, etc.) • Prepare a set of test plans to be used for the various testing stages • Plan staffing for testing and production cutover. Set up development and testing environments | P | |
2.3.105 | Prior to receiving re-hosted source components for testing, CoreLogic will have completed the following: • Selected, acquired and provide to Supplier, the following with regards to the migrated environment o third party vendor Software products (e.g., batch scheduler, C, print distributed facility, Syncsort DMExpress, etc.) • Prepare a set of UAT test plans to be used for Application acceptance • Plan staffing for UAT testing and production cutover • Attend training sessions on the open System environment products | P |
No. | Description | Supplier | CoreLogic |
2.3.106 | Provide valid remote user-ids and log-on permissions with sufficient authority to perform Application source drops, data conversion Tool drops, compilations, Application discrepancy support. | P | A |
2.3.107 | Provide drop(s) of the migrated Application source and the generated data conversion programs to one (1) unique operating System instance for Linux | P | |
2.3.108 | Provide test data for data conversion tasks. Test data will be limited in size for the initial test data. For final testing there will not be any limitation on size of database | P | |
2.3.109 | Unload Mainframe VSAM files. Transfer sequential files with VSAM file data, sequential file data, and GDG file data to Target Platform for so that the data can be converted | P | |
2.3.110 | Assist Supplier in unloading Mainframe VSAM files, transferring sequential files with VSAM file data, sequential file data, and GDG file data to Target Platform so that the data can be converted | P | |
2.3.111 | The testing team and production cutover team use the Supplier-provided data conversion procedures (programs and scripts) to convert data from unloaded VSAM files, sequential files, and GDG files (for those files whose data needs to be migrated to target platform) for Application testing and prior to production cutover | P | |
2.3.112 | Review the data conversion report which covers the testing procedure results. (Some errors / warnings are the result of acceptable conditions (e.g., low values in some uninitialized alphanumeric fields) while other errors / warnings may identify bad data in the original records) | P | |
2.3.113 | Correct or re-create bad or missing data in the data conversion report provided by Supplier | P |
No. | Description | Supplier | CoreLogic |
2.3.114 | During conversion: • Import the SOURCE file definition report(s) for the file definition(s) as collected • Generate the first-pass SQL Imager reports for the file definition(s) • Review the reports for the file definition(s) • Review log messages for any errors during the import and initial parse phases • Load the table and column naming rules defined by CoreLogic in the conversion workbook • Load the date rules for each SOURCE date element as defined by CoreLogic • Load the CoreLogic adjustment rules for any redefines, occurs clauses and group levels • Present questions regarding the first-pass conversion • Conduct a walkthrough of the deliverables and the processing instructions • Implement the first-pass ANSI standard DDL for the databases • Review and test the resulting database structures using the ANSI standard Tools and other Tools as desired • Deliver the resulting DDL for the new databases to the CoreLogic teams • Respond to CoreLogic questions regarding the DDL • Conduct a post-conversion walkthrough of the resulting databases • Apply table, column and other naming changes based upon team input • Apply data cleansing rules as submitted by CoreLogic team • Re-generate the ANSI standard DDL or SOURCE extracts as required | P | |
2.3.115 | For the SOURCE file definitions that are scheduled for conversion, the following activities will take place during the First-Pass Data Extract and Population. • Generate the data extract JCL and modules for the file definitions that are being converted • Deliver the date extract JCL and modules and instructions for execution in the CoreLogic SOURCE environment. • Receive and review the extracted data files • Populate the new ANSI standard databases with the unrestricted data provided by CoreLogic • Review and touch test the resulting ANSI standard database structure using ANSI standard Tools • Log and document any issues with the received data • Present CoreLogic with details regarding any data issues encountered • Make any adjustments in order to make the initial database data useable for the initial pass • Backup the populated ANSI standard databases • Deliver the backups to CoreLogic for installation in the CoreLogic test environment | P |
No. | Description | Supplier | CoreLogic |
2.3.116 | Correct material Application discrepancies discovered by testers and analyzed by CoreLogic during testing for the current Mainframe environment, and the Target Platform. For cases where result discrepancies arise from where results on the Mainframe are different from results on the Target Platform for the same programs and data, the tester and CoreLogic will isolate the discrepancy cause and Supplier will address the discrepancy. Once corrected, the test will need to be re-run until the results match the corresponding run on the Mainframe or the discrepancy is resolved to the mutual satisfaction of CoreLogic and Supplier. • For wrong results, Supplier will adapt the Application components to correct the discrepancy. CoreLogic will assign a person to assist in isolating the cause of the discrepancy. • For different, but not wrong, functional results (e.g., sorted data in a different collating sequence), Supplier will work with CoreLogic to determine whether this difference requires any further adaptation or not. • All CoreLogic source assets (code, data definition language, BMS map, JCL, etc.) directly or indirectly related to a discrepancy must be available to our team. If a problem in any CoreLogic program (or job) is reported, if CoreLogic has not provided to Supplier the available CoreLogic source to all modules called by that program (or job) after Supplier request for source, Supplier will immediately turn that entire program over to CoreLogic and Supplier has no further responsibility to correct, debug, or test (as applicable). • Supplier will provide Application discrepancy correction support of Application transformation testing across multiple operating System instances where § Supplier is provided remote access to the operating System instance and related test environment and § The operating System instances are of the same operating System and the same vendor Software product versions • Supplier will Resolve Application discrepancies for in-scope testing tasks, through the earlier of: o *** (***) *** following the initial migrated source delivery or o Production cutover | P | |
2.3.117 | Application subject matter experts shall be available to assist in isolating Application discrepancy areas or causes | P | |
2.3.118 | Log discrepancies in a defect / bug tracking system that is accepted by both CoreLogic and Supplier. Discrepancy descriptions and supporting information need to provide sufficient details for analysis or reproduction of the situation | P | |
2.3.119 | During UAT, log discrepancies in a defect / bug tracking system that is accepted by both CoreLogic and Supplier. Discrepancy descriptions and supporting information need to provide sufficient details for analysis or reproduction of the situation | P | |
2.3.120 | Prior to submitting discrepancy reports: • Confirm that test set-up and input data is correct • Identify the first job step or screen image from which the results begin to differ in the particular test case | P |
No. | Description | Supplier | CoreLogic |
2.3.121 | During UAT and prior to submitting discrepancy reports: • Confirm that test set-up and input data is correct • Identify the first job step or screen image from which the results begin to differ in the particular test case | P | |
2.3.122 | Implement job scheduler transformation, ACF / 2 security profile transformation to Supplier *** Secure, and source code transformation to selected distributed source code management solution | P | |
2.3.123 | Provide unloaded Mainframe electronic copy of the batch schedule to be migrated in a Supplier-specified format | P | |
2.3.124 | After the assessment, provide the required format for CoreLogic batch schedule | P | |
2.3.125 | Transform schedule so that migrated schedule uses features provided in the Control-M on Target Platform, conforms to an input format required by Control-M on Target Platform load utility or command line interface (in script format), and provides the required information that supports integration with the *** batch processing environment | P | |
2.3.126 | Use the Control-M load utility or command line interface (in script format) to load the transformed schedule into the Control-M repository for *** (***) *** – *** before the retrofit process and *** the retrofit process. Additional features not required for the transformation are out of Supplier scope | P | |
2.3.127 | Integrate batch scheduler with *** batch processing environment | P | |
2.3.128 | Perform Mainframe Control-M batch schedule transformation for any schedule beyond that which was initially provided to Supplier for transformation. | P | |
2.3.129 | Perform Target Platform Control-M schedule upload for any schedule which was initially provided to Supplier for transformation | P | |
2.3.130 | Load the migrated schedule in to Control-M for all operating System instances except *** (***) operating System *** (if required) | P | |
2.3.131 | Manage the synchronization of the Mainframe Control-M batch schedule and the Target Platform-based Control-M batch schedule after the batch schedule transformation following the retrofit. Activate the relevant parts of the Target Platform Control-M schedule and deactivate the relevant parts of the Mainframe Control-M schedule when necessary (e.g., production cutover) | P | |
2.3.132 | Provide a Mainframe ACF2 dump file whose data will be adapted to be compatible for import in to *** Secure repository for the initial project start and as part of the final retrofit process | P | |
2.3.133 | Provide criteria for Application-specific security configuration filtering for online CICS related security configuration and will generate an ACF2 dump file (as specified by Supplier) that can be processed electronically | P | |
2.3.134 | Transform the filtered CoreLogic security information to map to *** Secure features and to conform to an input format required by *** Secure load command. | P |
No. | Description | Supplier | CoreLogic |
2.3.135 | Identify / configure parameters to implement global security policies (e.g., password expiration, min/max password length) and any additional user id-specific policy options to the transformed security information | P | A |
2.3.136 | Use the *** Secure load command to load the transformed security information into the *** Secure repository for up to one time - following the retrofit process in the production operating System instance | P | |
2.3.137 | Use the *** Secure load command to load the transformed security information into the *** Secure repository for all other operating System instances (if required) | P | |
2.3.138 | Perform any additional administrative / configuration required in the environment following the initial load (e.g., changing passwords) | P | |
2.3.139 | Execute *** Secure load command to populate security configuration input being loaded in to the *** Secure repository for all operating System instances except one (1) production operating System instance | P | |
2.3.140 | Manage any required synchronization of ACF2 and *** Secure security definitions after the security definition transformation | P | |
2.3.141 | Perform simple *** TPE / *** BPE print output integration with the print distribution Software. This integration will consider print output insertion into the print distribution Software | P | |
2.3.142 | Customize and integrate uni-SPF Extended for *** panels with the change control System to be able to: • Check out an existing Application branch or source component from the agreed upon source code change management facility • Check in an Application source component from the agreed upon source code change management facility. o New Application source component – An error notification will be received by the user if the agreed upon source code change management facility does not accept the new Application source component. o Updated Application source component – An error notification will be received by the user if the agreed upon source code change management facility does not accept the updated Application source component • Request promotion / demotion of Application source component | P | |
2.3.143 | Populate the source code change management repository *** (***) *** | P | |
2.3.144 | Perform and have full backups of data prior to beginning of each transformation. | P | |
2.3.145 | Complete Application data transformation | P | |
2.3.146 | Conduct testing (, baseline test preparation, regression testing and stress testing, and testing program management). Supplier to assist CoreLogic in acceptance testing specific to resolving testing issues. | P | |
2.3.147 | Conduct end to end User Acceptance Testing; provide existing functional, performance and regression test scripts | P | |
2.3.148 | Sign off on test results within three (3) business days | P |
No. | Description | Supplier | CoreLogic |
2.3.149 | Provide all existing test scripts to Supplier for consideration in testing the migrated environment. | P | |
2.3.150 | Develop test cases (System/Integration/Performance/Security/) | P | |
2.3.151 | Perform System integration testing • Local integration testing (covers sub-system testing) • End-to-end integration testing (covers full System, and applicable interfaces) using end-to-end test cases | P | A |
2.3.152 | Perform data transformation testing for ADABAS to SQL/Oracle environments and VSAM, sequential and GDGs file types. • Reports BI, Check DDL • Data Validation • PK Validation • FK Validation • Anomalies Validation • SK Validation • IUD Validation | P | A |
2.3.153 | Perform regression testing • Functional testing of the Applications • System testing of the Applications • Regression testing during defect fix or any enhancement or scope change . | P | A |
2.3.154 | Perform performance testing against baseline benchmarks • Performance test requirement analysis • Test planning, defining workload scenarios • Test scripts review and customization • Test execution, monitoring and analysis • Report delivery and sign off | P | A |
2.3.155 | Perform security testing (i.e. access rights) • Security testing of Java based web Applications. • Security standards to be tested: OWASP | P | A |
2.3.156 | Complete User Acceptance Test cases preparation and execution | P | |
2.3.157 | Provide test data (functional & performance) • Core Logic to provide test data for all types of test activities. • Supplier to validate test data provided by CoreLogic | A | P |
2.3.158 | Provide test cases sign off | P | |
2.3.159 | Provide testing Tool procurement for performance testing | A | P |
2.3.160 | Provide SME support for all testing phases as required and agreed to in the Project plan | P | |
2.3.161 | Review test scenarios and results and provide sign off. Testing result validation & testing sign off for all phases | P | |
2.3.162 | Configure test environment setup for in-scope types and phases of testing | P | A |
2.3.163 | Configure a hardware/Software test environment similar to the production environment that is (or will be) implemented for the converted Application at CoreLogic site | P | |
2.3.164 | Set up regression and client acceptance test environments | P |
No. | Description | Supplier | CoreLogic |
2.3.165 | Provide Supplier with remote access to the target environments where the new Applications and databases will be delivered and tested using the unrestricted data | P | |
2.3.166 | Define and manage procedures for controlling instances of the ANSI standard (e.g., Oracle, SQL Server) data (from Adabas database files) used for testing. | P | |
2.3.167 | Perform test preparation phases including the transformation of VSAM, sequential, GDG, and Adabas data to their replacement file / database on Target Platform. | P | |
2.3.168 | Conduct CoreLogic acceptance testing of the migrated Application on the target environment. Validate the functional capability and performance of the migrated asset prior to moving the Applications into a production environment • Implement staffing for testing to begin the testing and apply testing resources to complete this testing in the scheduled time period • Provide exported VSAM, sequential, GDG file data • Provide exported Adabas database file data • Execute the test plan, perform initial analysis of Application discrepancies and work with Supplier to resolve the discrepancies • End users will participate to validate ability for end user access • CoreLogic or Third Party support Application developers will interact with end users during the testing as part of learning how to support end users on this platform. Supplier support interaction with end users during this Activity will be done jointly with CoreLogic Application development staff and will be specific to problem clarification if CoreLogic Application developers have difficulties in gathering the information themselves | P | |
2.3.169 | Locate or create a full set of SOURCE data that can be used in its entirety in testing by Supplier and CoreLogic | P | |
2.3.170 | Develop production readiness and cutover plan and review plan with CoreLogic | P | A |
2.3.171 | For the final transformation of Adabas data to production RDBMS: • Work with CoreLogic to define the data and time for the final deployment of the database and online Natural objects to the production environment on Windows • Provide up to two resources for onsite support during the cutover window • Provide additional remote offsite support • Work with CoreLogic to manage the cutover process including the final extract and load of the data | P |
No. | Description | Supplier | CoreLogic |
For the final transformation of Adabas data to production RDBMS: • Work with Supplier to define the data and time for the final deployment of the database to the production environment • Work with Supplier to manage the cutover process including the staging of the source code and the final extract and load of the data • Provide end user training • Communicate with the end-user community throughout the cutover period • Monitor the Applications in the new environment | P | ||
2.3.172 | Complete Systems architecture document and review in concert with existing distributed CoreLogic Applications. | P | A |
2.3.173 | Implement/ develop any Application functionality changes including functional changes to any Application or programs, design changes to the original SOURCE file definitions, the addition or elimination of any SOURCE records and changes to any SOURCE field definition | P | |
2.3.174 | Complete Systems architecture document and review in concert with existing distributed CoreLogic Applications. | P | A |
2.4 | UNIX TO LINUX TRANSFORMATION |
No. | Description | Supplier | CoreLogic | ||
2.4.1 | Complete analysis of Application transformation complexity factors for three in scope Java based Applications, *** databases, C, C++ Applications and scripts | P | |||
2.4.2 | Size Applications Infrastructures, identify physical and virtual targets for target Infrastructure | P | A | ||
2.4.3 | Collaborate with CoreLogic to determine UNIX Baseline load testing methodology | P | |||
2.4.4 | Collaborate with Supplier to determine UNIX Baseline load testing methodology | P | |||
2.4.5 | Provide UNIX Baseline load testing Tools | P | |||
2.4.6 | Collaborate with CoreLogic to perform UNIX Baseline load testing and present findings | P |
2.4.7 | Collaborate with Supplier to perform UNIX Baseline load testing and present findings | P | |||
2.4.8 | Provide UNIX Baseline load test windows | A | P | ||
2.4.9 | Conduct transformation planning activities | P | A | ||
2.4.10 | Coordinate with CoreLogic for project planning | P | |||
2.4.11 | For the Java based business Applications the *** database Servers, C, C++ Applications and scripts in scope, develop a strategy for each Application and data source currently residing on the UNIX platform identifying a cost effective transformation plan that minimizes impact to the business | P | A | ||
2.4.12 | Develop and present a hardware mapping plan for the transformation based on existing hardware up to a week prior to migration and the hardware capabilities at that time just prior to migration and Application requirements in place up to a week prior to migration | P | A | ||
2.4.13 | If available, provide existing Application and Infrastructure test scripts to be utilized by Supplier | A | P | ||
2.4.14 | If test scripts are not available, Supplier to create them as part of scope | P | A | ||
2.4.15 | Provide System inventories showing IP level communications of UNIX Systems with other Systems | P | |||
2.4.16 | Map identifiable business Applications across the Server the environment | P | A | ||
2.4.17 | For business Applications as defined in the scope section of Section 2.4, review architecture, source code, databases, documentation, test scripts and other relevant elements of Systems to develop a transformation plan for each business Application. | P | |||
2.4.18 | Present the plan prepared after review of architecture, source code, databases, documentation, test scripts, shell scripts and other relevant elements of System | P | A | ||
2.4.19 | Identify Application dependencies that will be impacted in the transformation | P | A | ||
2.4.20 | Conduct workshops, surveys and interviews during planning and implementation phases | P | |||
2.4.21 | Assist Supplier in conducting workshops, surveys and interviews during planning and implementation phases | P | |||
2.4.22 | Provide environment for load testing (benchmarking, testing and validation)work including agreed upon test windows | A | P | ||
2.4.23 | Determine the approach and plan to migrate the UNIX environment | P | A | ||
2.4.24 | Install and configure re-hosting hardware and storage environment to which the UNIX Applications and storage will migrate | P | A | ||
2.4.25 | Install and configure re-hosting Software to ensure successful Application transition | P | A | ||
2.4.26 | Provide management and monitoring Tools that will be used in the transformation effort | P | A | ||
2.4.27 | Complete code conversion and data conversion in the test environment | P | |||
2.4.28 | Complete code conversion and data conversion in the production environment | P |
2.4.29 | Provide user acceptance testing (UAT) including unit testing, Application testing, data loading testing and end to end System integration testing of the Applications in the new environment | P | |||
2.4.30 | Assist CoreLogic in conducting customer acceptance testing specific to resolving issues found in the course of UAT | P | |||
2.4.31 | Correct defects identified through UAT; ( excluding pre-existing defects which can be duplicated in the existing Solaris / Weblogic environment are not in scope) | P | |||
2.4.32 | Perform Application, System and data processing related load testing on the new environment and present findings compared to the baseline load testing | P | A | ||
2.4.33 | Assist in Application, System and data processing related load testing on the new environment and present findings compared to the baseline load testing | P | |||
2.4.34 | Validate Applications and complete testing | P | |||
2.4.35 | Migrate Applications into production environment and refresh production with current data and complete final “go live” testing and cutover | P | A | ||
2.4.36 | Provide continued support until all defects and Incidents identified in the *** are remediated as provided in ***. | P | A | ||
2.4.37 | Review Application Java code to ensure that it has no dependencies on Weblogic, deployment descriptors, security, JNDI, EJB transformation and third-party libraries for conversion to new Java container | P | A | ||
2.4.38 | Collaborate on *** vs. *** and agree on optimal approach | P | P | ||
2.4.39 | Build and deploy environment necessary for the new Java container Application and transformation as identified in planning phase | P | |||
2.4.40 | Conduct functional testing of the business Application and provide dependent Applications an environment to test other Application dependencies. Application dependencies and roles and responsibilities will be identified during the assessment / planning phase | P | A | ||
2.4.41 | Assist in functional testing of the business Application and provide dependent Applications an environment to test other Application dependencies. Application dependencies and roles and responsibilities will be identified during the assessment / planning phase | P | |||
2.4.42 | Conduct tests of dependent Applications for Applications being migrated | P | |||
2.4.43 | Identify potential transformation risks and mitigation activities | P | |||
2.4.44 | Develop the testing strategy and production rollout strategy | P | A | ||
2.4.45 | Complete entire transformation in accordance with the Transformation Plan | P | |||
2.4.46 | Conduct detailed interviews or workshops on Oracle Database architecture with CoreLogic personnel to capture operational procedures, key business requirements, and Service Level requirements | P | |||
2.4.47 | Testing to be done for relevant databases after Oracle database services is available. Validate data objects have been moved | P | A |
2.4.48 | Validate that non migrated Applications & databases are communicating properly with the migrated Applications & databases | P | |||
2.4.49 | Provide Tools to conduct the database transformation | P | |||
2.4.50 | Provide downtime windows for the production transformation / cutover | P | |||
2.4.51 | Provide Linux and hardware environment for testing & validation and target environment | P | |||
2.4.52 | Provide database and Application layer for testing on the target environment | P | |||
2.4.53 | Perform performance testing on production target environment and present findings | P | A | ||
2.4.54 | Provide plan and mechanism to freeze and branch code and data for migration. | P | A | ||
2.4.55 | Provide plan and mechanism to merge code and data changes that occur during freeze window to back target System | P | A | ||
2.4.56 | Review existing Oracle database architecture requirements including disaster recovery, storage, availability, and Application dependencies | P | |||
2.4.57 | Conduct transformation planning sessions to capture and document identified candidate databases for transformation and prioritize transformation order to include following •Oracle database current version and desired version • Identify potential data conversion issues • New Oracle 11 G feature usage will be identified but not implemented as part of the transformation.) • Number of databases and associated schemas that will be analyzed • Timeframe for transformation (transformation windows) • Transformation Tools and techniques • Required patches • Customizations | P | A |
2.4.58 | Configure the Infrastructure as follows: • Validate accessibility to external storage from each node • Configure Operating System parameters for Oracle, as needed • Configure and create partitions needed for each environment • Configure the IP addresses for each node, as needed • Install and configure an Oracle ASM instances, if required • Configure high-availability options, if required • Install the latest supported Oracle database binaries on each database node • Create Oracle seed database instance using DBCA to test functionality • Install and configure default Oracle Listeners using NETCA where relevant • Install OEM agent, and verify registration with the repository • Perform post-deployment patches and fixes for Oracle database binaries, as needed, taking into account any Oracle recommendations | P | A | ||
2.4.59 | Verify transformation plan developed in previous phase for targeted databases to include: • Confirm change control approved • Recommend source database backup process • Preparation steps for transformation to target environment • Tools to be used • Recommended System cutover and roll-back procedures • Review transformation plan with CoreLogic for approval | P | A |
2.4.60 | For database scope as referenced in Section 2.4, perform initial transformations and validate initial transformations. Transformation processes will be modified as necessary: • Perform iterative transformations perform second transformation. This transformation will include detailed timings that will be used for final cutover transformation • Validate second transformation and modify transformation process. The transformation process is iterative. Problems uncovered during the second transformation will be documented and fixed for subsequent transformations • Perform third transformation (if needed). This is the “benchmark” transformation that will be used to determine the final timings and used to plan the final transformation • Validate third transformation and modify transformation process. Some minor changes may require retesting if significant modifications are done | P | |||
2.4.61 | Provide *** access to Application and database environment to CoreLogic staff for Application UAT | P | |||
2.4.62 | Implement mechanism to bring current data to Supplier environment to maintain currency of data from CoreLogic environment | P | |||
2.4.63 | Determine any changes needed in advanced queues and Oracle streams, modify processes and migrate | P | |||
2.4.64 | Receive CoreLogic approval for final transformation and cutover | P | |||
2.4.65 | Perform final transformations and production cutovers during approved downtime periods | P | A | ||
2.4.66 | Provide scheduled downtime windows for conversions / transformation that will be defined during the planning phase | P | |||
2.4.67 | For the Unix to Linux scope defined in Section 2.4, perform and have full backups of data prior to beginning of each transformation. | P | A | ||
2.4.68 | Complete Infrastructure, new Java container and database Systems architecture document and review in concert with existing in scope distributed CoreLogic Applications. | P | A | ||
2.4.69 | Knowledge transfer – Unix to Linux includes: • *** for each of the *** and an *** for the Oracle database. These sessions may include but would not be limited to: • Overview of changes or modifications, a list of modified files, and a Q/A session with CoreLogic SMEs • Application change (C++/Java): This will include a formal handoff of any source code, modified files, and SME Q/A • New OS and container configurations | P | A | ||
2.4.70 | As part of acceptance criteria, all source code migrated during the project including unmodified or newly written shall be checked into and managed in the CoreLogic source control management | P | A |
2 | As part of acceptance criteria, all migrated Applications shall be able to compiled, deployed and released with the same level of automation and repeatability as before the migration. CoreLogic existing Tools and processes should be used with only necessary modifications | P | A |
Name of Subsidiary: | State or Country Under Laws of Which Organized |
Accounting Services, LLC | MN |
ACN 108 719 197 Pty Ltd | Australia |
America's Innovative Insurance Solutions, Inc. | CA |
ATI Title of Nevada | NV |
Basis100 Inc. | ON, Canada |
C & S Appraisal Services, LLC | MN |
Carshow.com.au Pty Ltd -AU | Australia |
CDS Business Mapping, LLC | CT |
Compunet Credit Services, LLC | DE |
CoreLogic (India) Services Private Limited | India |
CoreLogic AG | Switzerland |
CoreLogic Australia Holdings PTY Limited | Australia |
CoreLogic Australia Pty Limited | Australia |
Corelogic Collateral Solutions, LLC | DE |
CoreLogic Commercial Real Estate Services, Inc. | FL |
CoreLogic Credco of Puerto Rico, LLC | DE |
CoreLogic Credco, LLC | DE |
CoreLogic Default Information Services, LLC | FL |
CoreLogic Dorado, LLC | CA |
CoreLogic Due Diligence, LLC | DE |
CoreLogic Flood Services, LLC | DE |
CoreLogic Holdings (Mauritius) Limited | Mauritius |
CoreLogic Holdings II, Inc. | DE |
CoreLogic Information Resources, LLC | DE |
CoreLogic Investments Corporation | Cayman Islands |
CoreLogic Solutions Canada, ULC | BC, Canada |
CoreLogic National Background Data, LLC | DE |
CoreLogic Saferent, LLC | DE |
CoreLogic Services, LLC | DE |
CoreLogic Solutions Limited | United Kingdom |
CoreLogic Solutions, LLC | CA |
CoreLogic Tax Services, LLC | DE |
CoreLogic Valuation Services, LLC | DE |
Electronic Appraisal Solutions, Inc. | CA |
E-Net Canada Financial Services Inc. | ON, Canada |
EVR Services Pty Ltd | Australia |
Finiti Group, LLC | AL |
Finiti Title of Alabama, LLC | AL |
Finiti Title, LLC | DE |
Finiti, LLC | DE |
First Canadian Credco, Inc. | Canada |
FPSdirect, LLC | DE |
Happy Home Buying, Ltd. | Cayman Islands |
Heavy Equipment.com.au Pty Ltd | Australia |
Jacisa Pty Ltd | Australia |
JV Mortgage Solutions, LLC | DE |
Leadclick Media, LLC | CA |
Listem Australia Pty Ltd | Australia |
Localwise Pty Ltd | Australia |
Megaw & Hogg Melbourne Pty Ltd | Australia |
Megaw & Hogg National Valuers Pty Ltd | Australia |
Multifamily Community Insurance Agency, LLC | MD |
Myrp.com.au Pty Ltd | Australia |
Online Mortgage Explorer, Inc. | ON, Canada |
Prime Valuation Services, LLC | DE |
RBI Advertising Agency LLC | AL |
Realsoft Pty Ltd t/a Home Open | Australia |
PropertyIQ NZ Limited | New Zealand |
Realtor.com.au Pty Ltd | Australia |
RealtyBid International, LLC | DE |
RealtyBid.com, LLC | FL |
RELS Management Company, LLC | DE |
RELS Reporting Services, LLC | IA |
RELS Title Services, LLC | DE |
RELS, LLC | DE |
RES Direct, LLC | DE |
RP Data (H.K.) Limited | Hong Kong |
RP Data New Zealand Limited | New Zealand |
RP DATA PTY LTD | Australia |
Screeners Advantage, LLC | DE |
Servicios Professionales Atlas, S. de R.L de C.V. | Mexico |
Soluciones Prediales de Mexico, S. de R.L. de C.V. | Mexico |
Speedy Title & Appraisal Review Services LLC | DE |
Statistics Data, Inc. | DE |
Teletrack UK Limited | United Kingdom |
Teletrack, LLC | GA |
Total Mortgage Solutions, L.P. | DE |
Valex Group Pty Ltd | Australia |
Valuation Exchange Pty Ltd | Australia |
Valuation Information Technology, L.L.C. | IA |
Valuation Ventures, LLC | DE |
Westlake Settlement Services LLC | DE |
1. | I have reviewed this annual report on Form 10-K of CoreLogic, Inc.; |
2. | Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report; |
3. | Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report; |
4. | The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have: |
(a) | Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared; |
(b) | Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles; |
(c) | Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and |
(d) | Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and |
5. | The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions): |
(a) | All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and |
(b) | Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting. |
By: /s/ Anand K. Nallathambi | |
Anand K. Nallathambi | |
President and Chief Executive Officer |
1. | I have reviewed this annual report on Form 10-K of CoreLogic, Inc.; |
2. | Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report; |
3. | Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report; |
4. | The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have: |
(a) | Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared; |
(b) | Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles; |
(c) | Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and |
(d) | Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and |
5. | The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions): |
(a) | All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and |
(b) | Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting. |
By: /s/ Frank D. Martell | |
Frank D. Martell | |
Chief Financial Officer | |
(Principal Financial Officer) |
(1) | the Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934, as amended; and |
(2) | the information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company. |
By: /s/ Anand K. Nallathambi | ||
Anand K. Nallathambi | ||
President and Chief Executive Officer | ||
Date: | February 22, 2013 |
(1) | the Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934, as amended; and |
(2) | the information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company. |
By: /s/ Frank D. Martell | ||
Frank D. Martell | ||
Chief Financial Officer | ||
(Principal Financial Officer) | ||
Date: | February 22, 2013 |
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Earnings/(Loss) Per Share (Tables)
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12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dec. 31, 2012
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Earnings Per Share [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule of Earnings Per Share Reconciliation | The following is a reconciliation of net income/(loss) per share attributable to CoreLogic, using the treasury-stock method:
|
Investment in Affiliates, Net Investment in Affiliates, Net (Summarized Financial Information) (Details) (USD $)
In Thousands, unless otherwise specified |
12 Months Ended | ||
---|---|---|---|
Dec. 31, 2012
|
Dec. 31, 2011
|
Dec. 31, 2010
|
|
Assets and Liabilities [Abstract] | |||
Total assets | $ 64,960 | $ 78,104 | |
Total liabilities | 47,538 | 47,164 | |
Joint Venture Loan Originations Products and Services [Member]
|
|||
Income Statement [Abstract] | |||
Total revenues | 465,227 | 391,500 | 472,646 |
Expenses and other | 377,455 | 304,444 | 347,652 |
Net income attributable to RELS LLC | 87,772 | 87,056 | 124,994 |
Joint Venture Loan Originations Products and Services [Member] | CLGX [Member]
|
|||
Income Statement [Abstract] | |||
CLGX equity in earnings of affiliate | $ 43,974 | $ 43,615 | $ 62,622 |
Description of the Company (Details) (USD $)
|
Dec. 31, 2012
|
Dec. 31, 2011
|
May 26, 2010
FAFC [Member]
|
---|---|---|---|
Common stock, par value (in dollars per share) | $ 0.00001 | $ 0.00001 | $ 1.00 |
Earnings/(Loss) Per Share (Details) (USD $)
In Thousands, except Per Share data, unless otherwise specified |
3 Months Ended | 12 Months Ended | |||||||||
---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2012
|
Sep. 30, 2012
|
Jun. 30, 2012
|
Mar. 31, 2012
|
Dec. 31, 2011
|
Sep. 30, 2011
|
Jun. 30, 2011
|
Mar. 31, 2011
|
Dec. 31, 2012
|
Dec. 31, 2011
|
Dec. 31, 2010
|
|
Numerator for basic and diluted net income/(loss) per share: | |||||||||||
Income from continuing operations, net of tax | $ 17,035 | $ 36,213 | $ 41,208 | $ 29,052 | $ (6,161) | $ (2,970) | $ 40,041 | $ 21,605 | $ 123,508 | $ 52,515 | $ 46,221 |
Loss from discontinued operations, net of tax | 3,085 | (10,157) | 983 | (8,967) | (15,999) | (104,220) | (8,556) | 1,651 | (15,056) | (127,124) | (83,536) |
Gain/(loss) from sale of discontinued operations, net of tax | (5,435) | 12,264 | 466 | (3,454) | 3,841 | 0 | (18,985) | ||||
Net income/(loss) attributable to CoreLogic | $ 14,685 | $ 38,320 | $ 42,657 | $ 16,631 | $ (22,160) | $ (107,190) | $ 31,485 | $ 23,256 | $ 112,293 | $ (74,609) | $ (56,300) |
Denominator: | |||||||||||
Weighted-average shares for basic income/(loss) per share | 97,513 | 101,650 | 105,895 | 106,594 | 106,508 | 106,414 | 108,018 | 115,545 | 102,913 | 109,122 | 111,529 |
Dilutive effect of stock options and restricted stock units | 1,137 | 590 | 834 | ||||||||
Weighted-average shares for diluted income/(loss) per share | 99,346 | 103,113 | 106,468 | 107,327 | 106,508 | 106,414 | 108,641 | 116,306 | 104,050 | 109,712 | 112,363 |
Earnings Per Share, Basic | |||||||||||
Income from continuing operations, net of tax | $ 0.17 | $ 0.36 | $ 0.39 | $ 0.27 | $ (0.06) | $ (0.03) | $ 0.37 | $ 0.19 | $ 1.20 | $ 0.48 | $ 0.41 |
Loss from discontinued operations, net of tax | $ 0.03 | $ (0.10) | $ 0.01 | $ (0.08) | $ (0.15) | $ (0.98) | $ (0.08) | $ 0.01 | $ (0.15) | $ (1.16) | $ (0.75) |
Gain/(loss) from sale of discontinued operations, net of tax (in dollars per share) | $ (0.06) | $ 0.12 | $ 0.00 | $ (0.03) | $ 0.04 | $ 0.00 | $ (0.17) | ||||
Net income/(loss) attributable to CoreLogic | $ 0.14 | $ 0.38 | $ 0.40 | $ 0.16 | $ (0.21) | $ (1.01) | $ 0.29 | $ 0.20 | $ 1.09 | $ (0.68) | $ (0.51) |
Earnings Per Share, Diluted | |||||||||||
Income from continuing operations, net of tax (in dollars per share) | $ 0.17 | $ 0.35 | $ 0.39 | $ 0.27 | $ (0.06) | $ (0.03) | $ 0.37 | $ 0.19 | $ 1.19 | $ 0.48 | $ 0.41 |
Loss from discontinued operations, net of tax | $ 0.03 | $ (0.10) | $ 0.01 | $ (0.08) | $ (0.15) | $ (0.98) | $ (0.08) | $ 0.01 | $ (0.14) | $ (1.16) | $ (0.74) |
Gain/(loss) from sale of discontinued operations, net of tax (in dollars per share) | $ (0.05) | $ 0.12 | $ 0.00 | $ (0.03) | $ 0.04 | $ 0.00 | $ (0.17) | ||||
Net income/(loss) attributable to CoreLogic | $ 0.15 | $ 0.37 | $ 0.40 | $ 0.16 | $ (0.21) | $ (1.01) | $ 0.29 | $ 0.20 | $ 1.09 | $ (0.68) | $ (0.50) |
Goodwill (Details) (USD $)
In Thousands, unless otherwise specified |
12 Months Ended | ||
---|---|---|---|
Dec. 31, 2012
|
Dec. 31, 2011
|
Dec. 31, 2010
|
|
Goodwill [Roll Forward] | |||
Goodwill | $ 1,297,413 | ||
Accumulated impairment losses | (7,525) | ||
Goodwill, net | 1,504,232 | 1,472,206 | 1,289,888 |
Acquisitions | 33,875 | 192,083 | |
Translation adjustments | 3,805 | (7,678) | |
Spatial reclassification | 0 | ||
Other | 1,612 | (2,087) | |
Goodwill, net | 1,504,232 | 1,472,206 | 1,289,888 |
Data and Analytics [Member]
|
|||
Goodwill [Roll Forward] | |||
Goodwill | 484,907 | ||
Accumulated impairment losses | (600) | ||
Goodwill, net | 707,977 | 649,048 | 484,307 |
Acquisitions | 33,875 | 172,419 | |
Translation adjustments | 3,805 | (7,678) | |
Spatial reclassification | 28,401 | ||
Other | 0 | ||
Goodwill, net | 707,977 | 649,048 | 484,307 |
Mortgage Origination Services [Member]
|
|||
Goodwill [Roll Forward] | |||
Goodwill | 663,097 | ||
Accumulated impairment losses | (6,925) | ||
Goodwill, net | 646,846 | 673,749 | 656,172 |
Acquisitions | 0 | ||
Translation adjustments | 0 | 0 | |
Spatial reclassification | (28,401) | ||
Other | 1,612 | (2,087) | |
Goodwill, net | 646,846 | 673,749 | 656,172 |
Asset Management and Processing Solutions [Member]
|
|||
Goodwill [Roll Forward] | |||
Goodwill | 149,409 | ||
Accumulated impairment losses | 0 | ||
Goodwill, net | 149,409 | 149,409 | 149,409 |
Acquisitions | 0 | 0 | 12,100 |
Translation adjustments | 0 | ||
Spatial reclassification | 0 | ||
Restatement of Prior Year Income, Gross | 0 | ||
Other | 0 | 0 | |
Goodwill, net | 149,409 | 149,409 | 149,409 |
Dorado Network Systems [Member]
|
|||
Goodwill [Roll Forward] | |||
Acquisitions | 19,664 | ||
Deferred Taxes [Member] | Restatement Adjustment [Member] | Dorado and RP Data [Member]
|
|||
Goodwill [Roll Forward] | |||
Restatement of Prior Year Income, Gross | (7,266) | ||
Mortgage Origination Services [Member] | Restatement Adjustment [Member] | Dorado and RP Data [Member]
|
|||
Goodwill [Roll Forward] | |||
Restatement of Prior Year Income, Gross | (114) | ||
Data and Analytics [Member] | Restatement Adjustment [Member] | Dorado and RP Data [Member]
|
|||
Goodwill [Roll Forward] | |||
Restatement of Prior Year Income, Gross | $ (7,152) |
Fair Value of Financial Instruments (Recurring) (Details) (Fair Value, Measurements, Recurring [Member], USD $)
In Thousands, unless otherwise specified |
Dec. 31, 2012
|
Dec. 31, 2011
|
---|---|---|
Fair Value, Inputs, Level 1 [Member]
|
||
Financial Assets: | ||
Cash and cash equivalents | $ 148,858 | $ 259,266 |
Restricted cash | 0 | 0 |
Equity securities | 22,168 | 20,884 |
Total Financial Assets | 171,026 | 280,150 |
Financial Liabilities: | ||
Total debt | 0 | 0 |
Total Financial Liabilities | 0 | 0 |
Fair Value, Inputs, Level 2 [Member]
|
||
Financial Assets: | ||
Cash and cash equivalents | 0 | 0 |
Restricted cash | 22,117 | 22,044 |
Equity securities | 0 | 0 |
Total Financial Assets | 22,117 | 22,044 |
Financial Liabilities: | ||
Total debt | 899,258 | 828,990 |
Total Financial Liabilities | 899,258 | 828,990 |
Fair Value, Inputs, Level 3 [Member]
|
||
Financial Assets: | ||
Cash and cash equivalents | 0 | 0 |
Restricted cash | 0 | 0 |
Equity securities | 0 | 0 |
Total Financial Assets | 0 | 0 |
Financial Liabilities: | ||
Total debt | 0 | 0 |
Total Financial Liabilities | 0 | 0 |
Estimate of Fair Value, Fair Value Disclosure [Member]
|
||
Financial Assets: | ||
Cash and cash equivalents | 148,858 | 259,266 |
Restricted cash | 22,117 | 22,044 |
Equity securities | 22,168 | 20,884 |
Total Financial Assets | 193,143 | 302,194 |
Financial Liabilities: | ||
Total debt | 899,258 | 828,990 |
Total Financial Liabilities | 899,258 | 828,990 |
Interest Rate Swap [Member] | Fair Value, Inputs, Level 1 [Member]
|
||
Derivatives: | ||
Asset for interest rate swap agreements | 0 | |
Derivative Assets | 0 | |
Interest Rate Swap [Member] | Fair Value, Inputs, Level 2 [Member]
|
||
Derivatives: | ||
Asset for interest rate swap agreements | (5,078) | |
Derivative Assets | 6,486 | |
Interest Rate Swap [Member] | Fair Value, Inputs, Level 3 [Member]
|
||
Derivatives: | ||
Asset for interest rate swap agreements | 0 | |
Derivative Assets | 0 | |
Interest Rate Swap [Member] | Estimate of Fair Value, Fair Value Disclosure [Member]
|
||
Derivatives: | ||
Asset for interest rate swap agreements | (5,078) | |
Derivative Assets | $ 6,486 |
Guarantor Subsidiaries (Tables)
|
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dec. 31, 2012
|
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Guarantor Subsidiaries [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule Of Guarantor Subsidiaries | The following condensed consolidating financial information reflects CoreLogic, Inc.'s (the "Parent's") separate accounts, the combined accounts of the guarantor subsidiaries, the combined accounts of the non-guarantor subsidiaries, the combined consolidating adjustments and eliminations and the Parent's consolidated accounts for the dates and periods indicated.
Revisions to Condensed Consolidating Financial Information The consolidated balance sheet as of December 31, 2011 has been revised to correct the classification of $46.9 million in deferred income tax assets, long-term and deferred income tax liabilities, long-term to deferred income tax assets, current. These revisions impacted the guarantor subsidiaries. In addition, we have revised our 2011 and 2010 condensed consolidated statement of cash flows to correct the presentation of “Purchases of redeemable noncontrolling interests" as a financing activity rather than an investing activity. The revision resulted in an increase in cash flows from investing activities in 2011 and 2010 of $72.0 million and $385.8 million, respectively, from financing activities for 2011 and 2010 for the same amounts. These revisions impacted the Parent and subsidiaries. In addition, the 2011 and 2010 condensed consolidating financial information has been revised to 1) correct the presentation of deferred tax balances as assets or liabilities, 2) to gross up intercompany receivables and payables, 3) to gross up intercompany revenues and expenses, and 4) to move balances related to non-controlling interests from the Parent to the non-guarantor subsidiaries. We assessed the materiality of these items on previously issued annual and interim financial statements in accordance with SEC Staff Accounting Bulletin No. 99, and concluded that the errors were not material to the consolidated financial statements. We will revise the March 31, 2012, June 30, 2012 and September 30, 2012 financial statements to reflect the revisions discussed above, the next time such financial statements are included in future reports on Form 10-Q. The impact of these revisions to the condensed consolidating financial information for 2011 and 2010 are as follows:
|
Capitalized Data and Database Development Costs, Net (Tables)
|
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dec. 31, 2012
|
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Research and Development [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule Of Capitalized Database Developement Costs | Database development costs for the years ended December 31, 2012 and 2011 are as follows:
|
Employee Benefit Plans (Pension Costs) (Details) (USD $)
In Thousands, unless otherwise specified |
12 Months Ended | ||
---|---|---|---|
Dec. 31, 2012
|
Dec. 31, 2011
|
Dec. 31, 2010
|
|
Pension Plan SERP and Restoration Plan [Member]
|
|||
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items] | |||
Service costs | $ 932 | $ 565 | $ 2,743 |
Interest costs | 1,386 | 1,435 | 7,300 |
Expected return on plan assets | (41) | 0 | 0 |
Amortization of net loss | 80 | (76) | 3,680 |
Net periodic benefit cost | 2,357 | 1,924 | 13,723 |
FAFC [Member]
|
|||
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items] | |||
Net periodic benefit cost | $ 8,900 |
Discontinued Operations (Details) (USD $)
|
3 Months Ended | 12 Months Ended | 0 Months Ended | 12 Months Ended | 12 Months Ended | 12 Months Ended | 0 Months Ended | 12 Months Ended | 1 Months Ended | 3 Months Ended | 12 Months Ended | 1 Months Ended | 12 Months Ended | |||||||||||||||||||||||||||||||||||||||
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Dec. 31, 2012
|
Sep. 30, 2012
|
Jun. 30, 2012
|
Mar. 31, 2012
|
Dec. 31, 2011
|
Sep. 30, 2011
|
Jun. 30, 2011
|
Mar. 31, 2011
|
Dec. 31, 2012
|
Dec. 31, 2011
|
Dec. 31, 2010
|
Sep. 30, 2012
Appraisal Management [Member]
|
Dec. 22, 2010
Employer And Litigation Services [Member]
|
Dec. 31, 2012
Employer And Litigation Services [Member]
|
Dec. 31, 2012
Discontinued Operations FAFC [Member]
|
Dec. 31, 2011
Discontinued Operations FAFC [Member]
|
Dec. 31, 2010
Discontinued Operations FAFC [Member]
|
Dec. 31, 2012
Discontinued Operations Employer And Litigation Services Businesses [Member]
|
Dec. 31, 2011
Discontinued Operations Employer And Litigation Services Businesses [Member]
|
Dec. 31, 2010
Discontinued Operations Employer And Litigation Services Businesses [Member]
|
Dec. 31, 2012
Discontinued Operations Marketing [Member]
Data and Analytics [Member]
|
Dec. 31, 2011
Discontinued Operations Marketing [Member]
Data and Analytics [Member]
|
Dec. 31, 2010
Discontinued Operations Marketing [Member]
Data and Analytics [Member]
|
Dec. 31, 2012
Discsontinued Operations Consumer [Member]
Data and Analytics [Member]
|
Dec. 31, 2011
Discsontinued Operations Consumer [Member]
Data and Analytics [Member]
|
Dec. 31, 2010
Discsontinued Operations Consumer [Member]
Data and Analytics [Member]
|
Dec. 31, 2012
Discontinued Operations Appraisal [Member]
|
Dec. 31, 2011
Discontinued Operations Appraisal [Member]
|
Dec. 31, 2010
Discontinued Operations Appraisal [Member]
|
Dec. 31, 2012
Discontinued Operations Appraisal [Member]
Mortgage Origination Services [Member]
|
Dec. 31, 2011
Discontinued Operations Appraisal [Member]
Mortgage Origination Services [Member]
|
Dec. 31, 2012
Discontinued Operations Transportation [Member]
|
Dec. 31, 2011
Discontinued Operations Transportation [Member]
|
Dec. 31, 2010
Discontinued Operations Transportation [Member]
|
Dec. 31, 2012
Discontinued Operations Transportation [Member]
Asset Management and Processing Solutions [Member]
|
Dec. 31, 2011
Discontinued Operations Transportation [Member]
Asset Management and Processing Solutions [Member]
|
Dec. 31, 2012
Components Total [Member]
|
Dec. 31, 2011
Components Total [Member]
|
Dec. 31, 2010
Components Total [Member]
|
Aug. 31, 2012
Disposition of Transportation Services Business [Member]
|
Dec. 31, 2012
Disposition of Transportation Services Business [Member]
|
Sep. 30, 2011
Total Impairment Charges [Member]
|
Sep. 30, 2011
Impairment of Intangible Assets [Member]
Marketing Services Unit [Member]
|
Sep. 30, 2011
Impairment of Intangible Assets [Member]
8741 Services, Management Services [Member]
|
Sep. 30, 2011
Impairment of Intangible Assets [Member]
4700 Transportation Services [Member]
|
Sep. 30, 2011
Impairment of Intangible Assets [Member]
Consumer Services [Member]
|
Mar. 31, 2012
Impairment of Intangible Assets [Member]
Discontinued Operations Appraisal [Member]
|
Dec. 31, 2011
Non Cash Impairment [Member]
Marketing Services Unit [Member]
|
Sep. 30, 2011
Allowance for Doubtful Accounts [Member]
Marketing Services Unit [Member]
|
Sep. 30, 2011
Gain (Loss) on Disposition of Other Assets [Member]
Marketing Services Unit [Member]
|
Dec. 31, 2010
Impairment of Goodwill [Member]
Employer And Litigation Services [Member]
|
Dec. 31, 2011
Impairment of Intangible Assets [Member]
Non Cash Impairment [Member]
Marketing Services Unit [Member]
|
|
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Gain/(loss) from sale of discontinued operations, net of tax | $ (5,435,000) | $ 12,264,000 | $ 466,000 | $ (3,454,000) | $ 3,841,000 | $ 0 | $ (18,985,000) | $ 11,000,000 | ||||||||||||||||||||||||||||||||||||||||||||
Gain/(loss) from sale of discontinued operations, net of tax | (34,500,000) | 3,900,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
Noncontrolling Interest, Ownership Percentage by Parent | 100.00% | 100.00% | 100.00% | |||||||||||||||||||||||||||||||||||||||||||||||||
Discontinued operations, non-cash impairment charge | 137,700,000 | 123,300,000 | 8,300,000 | 3,600,000 | 2,600,000 | 13,900,000 | 10,600,000 | 8,900,000 | 1,800,000 | 174,000,000 | 17,100,000 | |||||||||||||||||||||||||||||||||||||||||
Prior period adjustment, increase to provision for income taxes, discontinued operations | 4,100,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
Proceeds from divestiture of businesses | 265,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
Statement of Financial Position [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Current assets | 0 | 0 | 3,380,000 | 14,833,000 | 1,038,000 | 13,252,000 | 32,503,000 | |||||||||||||||||||||||||||||||||||||||||||||
Property and equipment, net | 3,000,000 | 3,000,000 | 0 | 0 | 0 | 114,000 | 911,000 | 1,967,000 | 2,992,000 | |||||||||||||||||||||||||||||||||||||||||||
Goodwill and other identifiable intangible assets, net | 0 | 0 | 0 | 2,109,000 | 13,959,000 | 3,845,000 | 19,913,000 | |||||||||||||||||||||||||||||||||||||||||||||
Other assets | 0 | 0 | 0 | 0 | 0 | 108,000 | 108,000 | |||||||||||||||||||||||||||||||||||||||||||||
Total assets | 0 | 0 | 0 | 0 | 204,000 | 3,380,000 | 251,000 | 17,056,000 | 337,000 | 15,908,000 | 2,000 | 19,172,000 | 794,000 | 55,516,000 | ||||||||||||||||||||||||||||||||||||||
Total liabilities | 0 | 0 | 0 | 0 | 776,000 | (2,210,000) | 691,000 | 11,849,000 | 1,920,000 | 10,907,000 | (35,000) | 6,853,000 | 3,352,000 | 27,399,000 | ||||||||||||||||||||||||||||||||||||||
Income Statement [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Operating revenue | 0 | 0 | 1,490,501,000 | 0 | 0 | 242,895,000 | 0 | 29,399,000 | 44,221,000 | 55,773,000 | 94,755,000 | 89,573,000 | 25,137,000 | 69,890,000 | 141,856,000 | 46,435,000 | 66,115,000 | 67,346,000 | 127,345,000 | 260,159,000 | 2,076,392,000 | |||||||||||||||||||||||||||||||
(Loss)/income from discontinued operations before income taxes | 0 | 0 | 76,323,000 | 0 | 0 | (166,064,000) | (122,000) | (164,094,000) | (11,777,000) | 5,026,000 | (10,453,000) | 11,950,000 | (21,375,000) | (20,178,000) | 8,304,000 | (1,786,000) | (2,472,000) | 1,432,000 | (18,257,000) | (197,197,000) | (79,832,000) | |||||||||||||||||||||||||||||||
(Benefit)/provision for income taxes | 0 | 0 | 33,222,000 | 0 | 0 | (27,433,000) | 4,891,000 | (61,947,000) | (10,340,000) | 15,000 | (2,205,000) | 4,780,000 | (5,186,000) | (6,172,000) | 3,321,000 | (2,921,000) | 251,000 | 573,000 | (3,201,000) | (70,073,000) | 4,123,000 | |||||||||||||||||||||||||||||||
(Loss)/income, net of tax | (15,056,000) | (127,124,000) | (83,536,000) | (19,000,000) | (3,500,000) | 0 | 0 | 43,101,000 | 0 | 0 | (138,631,000) | (5,013,000) | (102,147,000) | (1,437,000) | 5,011,000 | (8,248,000) | 7,170,000 | (16,189,000) | (14,006,000) | 4,983,000 | 1,135,000 | (2,723,000) | 859,000 | (15,056,000) | (127,124,000) | (83,955,000) | ||||||||||||||||||||||||||
Less: Net income attributable to noncontrolling interests | (419,000) | 0 | 0 | 0 | 0 | 0 | (419,000) | |||||||||||||||||||||||||||||||||||||||||||||
(Loss)/income from discontinued operations, net of tax | $ 3,085,000 | $ (10,157,000) | $ 983,000 | $ (8,967,000) | $ (15,999,000) | $ (104,220,000) | $ (8,556,000) | $ 1,651,000 | $ (15,056,000) | $ (127,124,000) | $ (83,536,000) | $ 0 | $ 0 | $ 43,520,000 | $ 0 | $ 0 | $ (138,631,000) | $ (5,013,000) | $ (102,147,000) | $ (1,437,000) | $ 5,011,000 | $ (8,248,000) | $ 7,170,000 | $ (16,189,000) | $ (14,006,000) | $ 4,983,000 | $ 1,135,000 | $ (2,723,000) | $ 859,000 | $ (15,056,000) | $ (127,124,000) | $ (83,536,000) |
Other Identifiable Intangible Assets (Schedule of Finite-Lived Intangible Assets by Major Class) (Details) (USD $)
|
12 Months Ended | ||
---|---|---|---|
Dec. 31, 2012
|
Dec. 31, 2011
|
Dec. 31, 2010
|
|
Finite-Lived Intangible Assets [Line Items] | |||
Gross | $ 323,281,000 | $ 308,412,000 | |
Accumulated Amortization | (151,697,000) | (144,047,000) | |
Net | 171,584,000 | 164,365,000 | |
Amortization expense for finite-lived intangible assets | 28,800,000 | 28,300,000 | 19,700,000 |
Finite-lived intangible assets, reclassification related to assets of discontinued operations | 2,600,000 | ||
Customer lists [Member]
|
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Finite-Lived Intangible Assets [Line Items] | |||
Gross | 286,164,000 | 276,112,000 | |
Accumulated Amortization | (137,782,000) | (132,109,000) | |
Net | 148,382,000 | 144,003,000 | |
Noncompete agreements [Member]
|
|||
Finite-Lived Intangible Assets [Line Items] | |||
Gross | 9,264,000 | 7,898,000 | |
Accumulated Amortization | (5,438,000) | (6,231,000) | |
Net | 3,826,000 | 1,667,000 | |
Trade names and licenses [Member]
|
|||
Finite-Lived Intangible Assets [Line Items] | |||
Gross | 27,853,000 | 24,402,000 | |
Accumulated Amortization | (8,477,000) | (5,707,000) | |
Net | $ 19,376,000 | $ 18,695,000 |
Employee Benefit Plans (Payments) (Details) (USD $)
In Thousands, unless otherwise specified |
Dec. 31, 2012
|
---|---|
Compensation and Retirement Disclosure [Abstract] | |
2013 | $ 3,399 |
2014 | 1,900 |
2015 | 1,882 |
2016 | 1,336 |
2017 | 1,316 |
2018-2021 | 6,881 |
Total | $ 16,714 |
Commitments and Contingencies (Operating Lease) (Details) (USD $)
In Thousands, unless otherwise specified |
Dec. 31, 2012
|
---|---|
Operating Leases, Future Minimum Payments Due [Abstract] | |
2013 | $ 41,583 |
2014 | 28,694 |
2015 | 24,530 |
2016 | 20,795 |
2017 | 10,782 |
Thereafter | 26,196 |
Total | $ 152,580 |
Litigation and Regulatory Contingencies (Details) (USD $)
|
0 Months Ended | 0 Months Ended | 12 Months Ended | |||||
---|---|---|---|---|---|---|---|---|
Oct. 04, 2012
|
Dec. 31, 2012
|
Dec. 31, 2012
Litigation And Regulatory Action [Member]
|
Dec. 04, 2012
Pending or Threatened Litigation [Member]
Claims
|
Dec. 31, 2011
Pending or Threatened Litigation [Member]
|
Apr. 25, 2012
Pending or Threatened Litigation [Member]
|
Feb. 06, 2012
Pending or Threatened Litigation [Member]
Claims
|
Nov. 01, 2011
Pending or Threatened Litigation [Member]
loans
|
|
Reserve for litigation and regulatory contingency matters | $ 0 | $ 2,400,000 | ||||||
Number of residential mortgage loans involved in breach of contract in appraisal services | 194 | |||||||
Loss contingency, value of damages sought | 108,000,000 | 129,000,000 | ||||||
Breach of contract claim | 16,000,000 | |||||||
Number of breach of contract claims related to appraisal services | 160 | 26 | ||||||
Payments for legal settlements | 4,000,000 | |||||||
Costs associated with legal settlement | $ 3,800,000 |
Employee Benefit Plans (Other) (Details) (USD $)
|
12 Months Ended | ||||
---|---|---|---|---|---|
Feb. 18, 2013
|
Dec. 31, 2012
Savings Plan 401k [Member]
|
Dec. 31, 2011
Savings Plan 401k [Member]
|
Dec. 31, 2012
Deferred Compensation, Share-based Payments [Member]
|
Dec. 31, 2011
Deferred Compensation, Share-based Payments [Member]
|
|
Deferred Compensation Arrangement with Individual, Postretirement Benefits [Line Items] | |||||
Common stock, shares outstanding | 97,856,346 | 1,069,517 | 1,236,874 | ||
Deferred compensation plan with individual percentage of total shares outstanding | 1.20% | 1.20% | |||
Deferred compensation plan with individual percentage of salary deferral | 80.00% | ||||
Plan assets at fair value at year end | $ 29,600,000 | $ 28,400,000 | |||
Deferred compensation plan, unfunded liability | $ 32,200,000 | $ 30,100,000 |
Earnings/(Loss) Per Share (Antidilutive Shares) (Details)
In Millions, unless otherwise specified |
12 Months Ended | ||
---|---|---|---|
Dec. 31, 2012
|
Dec. 31, 2011
|
Dec. 31, 2010
|
|
Earnings Per Share [Abstract] | |||
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount | 2.6 | 5.5 | 4.1 |
Discontinued Operations
|
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Dec. 31, 2012
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Discontinued Operations and Disposal Groups [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Discontinued Operations | Discontinued Operations As of August 31, 2012, we completed the disposition of our transportation services business (American Driving Records) for $11.0 million, which resulted in a pre-tax gain of $3.9 million for the year ended 2012. This gain is included in gain/(loss) from sale of discontinued operations, net of tax in the accompanying consolidated statements of operations. We completed the wind down of our consumer services business in lieu of a sale as of September 2012. We completed the wind down of our appraisal management company business in lieu of a sale as of September 2012. In connection with the wind down of our 100% owned appraisal management company business, we incurred a pre-tax write-down of the remaining goodwill of $13.9 million in the first quarter of 2012. In September 2011, we closed our marketing services business (LeadClick). In the third quarter of 2012, we recorded an additional adjustment of approximately $4.1 million income tax expense associated with the closure of LeadClick as discussed in Note 2 - Significant Accounting Policies. In December 2010, we entered into a purchase agreement with an affiliate of Symphony Technology Group, pursuant to which we sold our employer and litigation services businesses. For the year ended December 31, 2012, we recorded a gain of $3.8 million on sale of discontinued operations, net. Each of these businesses is reflected in our consolidated financial statements as discontinued operations and the results of these businesses in the prior years have been recast to conform to the 2012 presentation. For the year ended 2011, we recorded pre-tax impairment charges of $137.7 million as a component of loss from discontinued operations comprised of $123.3 million for marketing services, $8.3 million for our appraisal management company, $3.6 million for transportation services and $2.6 million for consumer services. In addition, we incurred a non-cash impairment charge of $17.1 million for intangibles, a non-cash impairment charge of $10.6 million for internally developed software and bad debt expense of $8.9 million for accounts receivable we deemed to be uncollectible. Finally, we incurred $1.8 million in expense to write-off various other assets and to accrue for expenses related to the closure of our marketing services business. On December 22, 2010, the Company and STG-Fairway Holdings, LLC (the “Purchaser”), which is owned by affiliates of Symphony Technology Group, entered into a Purchase Agreement, pursuant to which we sold our employer and litigation services businesses ("ELI") to the Purchaser for all cash proceeds of $265.0 million. We also agreed to provide certain transition services to the Purchaser for up to one year following the closing. For the year ended December 31, 2010, we recorded pre-tax impairment charges of $174.0 million, related to the sale of the employer and litigation services businesses as a component of loss from discontinued operations. Further, we recognized a loss on sale of discontinued operation, net of tax of $19.0 million, which included a tax benefit of $34.5 million. In 2012, we recognized a loss on sale of discontinued operations, net of tax of $3.5 million for changes in tax related accruals due to expenses incurred in the first quarter of 2012. The businesses distributed as part of the Separation are presented within the consolidated financial statements as discontinued operations. The net income from discontinued operations for the year ended 2011 includes an allocation of the income tax expense or benefit originally allocated to income from continuing operations. The amount of tax allocated to discontinued operations is the difference between the tax originally allocated to continuing operations and the tax allocated to the restated amount of income from continuing operations in each period. Summarized below are certain assets and liabilities classified as discontinued operations as of December 31, 2012, 2011 and 2010:
Summarized below are the components of our income (loss) from discontinued operations for the year ended December 31, 2012, 2011 and 2010:
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Marketable Securities (Realized and Unrealized Gain and Losses) (Details) (USD $)
|
1 Months Ended | 12 Months Ended | ||
---|---|---|---|---|
Jan. 31, 2011
|
Dec. 31, 2012
|
Dec. 31, 2011
|
Dec. 31, 2010
|
|
Sales Transaction of Marketable Securities, Unrealized Gain (Loss) [Abstract] | ||||
Equity securities, carrying value | $ 22,168,000 | $ 20,884,000 | $ 51,300,000 | |
Marketable securities, realized gain | 0 | 24,900,000 | 300,000 | |
Equity securities, gross unrealized gain, before tax | 24,200,000 | |||
Equity securities, gross unrealized gain, after tax | 14,100,000 | |||
Equity securities, sale proceeds | 51,900,000 | |||
Equity securities, gross realized gain, pre-tax | $ 24,900,000 |
Share-Based Compensation Plans (Tables)
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12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dec. 31, 2012
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Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule of Share-based Compensation, Restricted Stock Units Award Activity | The RSU awards will vest ratably over three years. RSU activity for the year ended December 31, 2012 is as follows:
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Schedule of Share-based Compensation, Performance Based Restricted Stock Units Award Activity | PBRSU activity for the year ended December 31, 2012 is as follows:
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Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions | The fair values of these stock options were estimated using a Black-Scholes model with the following weighted-average assumptions:
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Schedule of Share-based Compensation, Stock Options Activity | Option activity for the year ended December 31, 2012 is as follows:
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Schedule of Compensation Cost for Share-based Payment Arrangements, Allocation of Share-based Compensation Costs by Plan | The following table sets forth the share-based compensation expense recognized, excluding discontinued operations, for the years ended December 31, 2012, 2011 and 2010.
|
Employee Benefit Plans (Funded Status) (Details) (SERP Plans, USD $)
In Thousands, unless otherwise specified |
Dec. 31, 2012
|
Dec. 31, 2011
|
Dec. 31, 2010
|
---|---|---|---|
SERP Plans
|
|||
Defined Benefit Plan Disclosure [Line Items] | |||
Projected benefit obligation | $ 34,102 | $ 30,660 | $ 26,954 |
Accumulated benefit obligation | 34,102 | 30,660 | 26,954 |
Plan assets at fair value at end of year | $ 0 | $ 0 | $ 0 |
Schedule II - Valuation and Qualifying Accounts (Details) (USD $)
In Thousands, unless otherwise specified |
12 Months Ended | |||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2012
|
Dec. 31, 2011
|
Dec. 31, 2010
|
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Allowance for Doubtful Accounts [Member]
|
||||||||||||
Movement in Valuation Allowances and Reserves [Roll Forward] | ||||||||||||
Balance at Beginning of Period | $ 17,365 | $ 12,314 | $ 15,289 | |||||||||
Charged to Costs & Expenses | 15,412 | 6,180 | 1,276 | |||||||||
Charged to Other Accounts | 0 | 0 | 0 | |||||||||
Deductions | 11,132 | [1] | 1,129 | [1] | 4,251 | [1] | ||||||
Balance at End of Period | 21,645 | 17,365 | 12,314 | |||||||||
Claim Losses [Member]
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Movement in Valuation Allowances and Reserves [Roll Forward] | ||||||||||||
Balance at Beginning of Period | 31,365 | 28,197 | 26,286 | |||||||||
Charged to Costs & Expenses | 20,813 | 25,204 | 25,343 | |||||||||
Charged to Other Accounts | 0 | 0 | 0 | |||||||||
Deductions | 16,190 | [2] | 22,036 | [2] | 23,432 | [2] | ||||||
Balance at End of Period | 35,988 | 31,365 | 28,197 | |||||||||
Valuation Allowance of Deferred Tax Assets [Member]
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Movement in Valuation Allowances and Reserves [Roll Forward] | ||||||||||||
Balance at Beginning of Period | 29,389 | 19,058 | 14,692 | |||||||||
Charged to Costs & Expenses | 13,134 | 0 | 4,366 | |||||||||
Charged to Other Accounts | (11,568) | [3] | 12,156 | [3] | 0 | |||||||
Deductions | 0 | 1,825 | 0 | |||||||||
Balance at End of Period | $ 30,955 | $ 29,389 | $ 19,058 | |||||||||
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Long-Term Debt (Tables)
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12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dec. 31, 2012
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Debt Disclosure [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule of Long-term Debt Instruments |
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Schedule of Maturities of Long-term Debt | The aggregate annual maturities for long-term debt are as follows:
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Capitalized Data and Database Development Costs, Net (Details) (USD $)
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12 Months Ended | ||
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Dec. 31, 2012
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Dec. 31, 2011
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Dec. 31, 2010
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Research And Development [Line Items] | |||
Capitalized data and database costs gross | $ 486,069,000 | $ 444,516,000 | |
Less accumulated amortization | (163,780,000) | (140,510,000) | |
Capitalized data and database costs, net | 322,289,000 | 304,006,000 | |
Amortization | 27,300,000 | 23,200,000 | 17,700,000 |
Property Data [Member]
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Research And Development [Line Items] | |||
Capitalized data and database costs gross | 417,565,000 | 373,333,000 | |
Flood [Member]
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Research And Development [Line Items] | |||
Capitalized data and database costs gross | 52,916,000 | 52,916,000 | |
Eviction Data [Member]
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Research And Development [Line Items] | |||
Capitalized data and database costs gross | $ 15,588,000 | $ 18,267,000 |
Income Taxes (Asset/Liability) (Details) (USD $)
In Thousands, unless otherwise specified |
Dec. 31, 2012
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Dec. 31, 2011
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Deferred tax assets: | ||
Federal net operating loss capital loss and credit carryforwards | $ 45,259 | $ 65,168 |
Deferred revenue | 114,770 | 137,688 |
Bad debt reserves | 8,483 | 7,119 |
Employee benefits | 47,479 | 43,684 |
Accrued expenses and loss reserves | 35,303 | 29,384 |
Other | 9,877 | 2,519 |
Less: valuation allowance | (30,955) | (29,389) |
Total deferred tax assets | 230,216 | 256,173 |
Deferred tax liabilities: | ||
Depreciable and amortizable assets | 182,283 | 186,260 |
Investment in affiliates | 20,457 | 10,407 |
Total deferred tax liabilities | 202,740 | 196,667 |
Net deferred tax asset/(liability) | $ 27,476 | $ 59,506 |
Long-Term Debt (Debt Issuance Costs) (Details) (USD $)
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12 Months Ended | ||
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Dec. 31, 2012
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Dec. 31, 2011
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Dec. 31, 2010
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Debt Disclosure [Abstract] | |||
Gains (Losses) on Extinguishment of Debt | $ (326,000) | $ (10,190,000) | $ 0 |
Capitalized debt issuance costs | $ 0 |
Unaudited Quarterly Financial Data (Tables)
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Dec. 31, 2012
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Quarterly Financial Information Disclosure [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule of Quarterly Financial Information | The following table sets forth certain unaudited quarterly financial data of CoreLogic for years ended 2012 and 2011:
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Significant Accounting Policies
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12 Months Ended |
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Dec. 31, 2012
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Accounting Policies [Abstract] | |
Significant Accounting Policies | Significant Accounting Policies Principles of Consolidation The consolidated financial statements include the accounts of the Company and all controlled subsidiaries. All significant intercompany transactions and balances have been eliminated. Equity investments in which we exercise significant influence, do not control, and are not the primary beneficiary, are accounted for using the equity method. Investments in which we do not exercise significant influence over the investee are accounted for under the cost method. Out-of-Period Adjustments In the third quarter of 2012, we identified a tax adjustment of $4.1 million to increase income from discontinued operations in 2012 that originated in 2011 related to the shut-down of our marketing services business. We assessed the materiality of this error on our current and prior period financial statements in accordance with the SEC's Staff Accounting Bulletins (“SAB”) No. 99 and SAB No. 108, and concluded the error was not material to the results of operations or financial condition for the current and prior annual or interim periods. The out-of-period adjustment was recorded in quarter ended September 30, 2012, and it impacted basic and diluted net income by $0.04 per share for the year ended December 31, 2012 and 2011. See further discussion in Note 18 - Discontinued Operations. In the fourth quarter of 2012, we identified out-of-period tax adjustments that amounted to $5.6 million that increased our income taxes from continuing operations in 2012, of which $0.5 million relates to errors originating in 2011 and the remaining impacts were for errors originating in periods prior to 2010. We assessed the materiality of these errors on our current and prior period financial statements in accordance with the SEC's SAB No. 99 and SAB No. 108, and concluded the errors were not material to the results of operations or financial condition for the current and prior annual or interim period. The out-of-period adjustments were recorded in the quarter ended December 31, 2012, and reduced basic and diluted net income per share by $0.05 per share for the year then ended. Further, we identified an adjustment of $7.3 million to correct deferred taxes acquired with Dorado Network Systems ("Dorado") and RP Data Limited ("RP Data") in March and May 2011, respectively. The adjustment reduced our goodwill by $7.2 million and $0.1 million within data and analytics and mortgage origination services, respectively, as of December 31, 2012. We assessed the materiality of this error on our current and prior period financial statements in accordance with the SEC's SAB No. 99 and SAB No. 108, and concluded the error was not material to the results of operations or financial condition for the current and prior annual or interim period. The out-of-period adjustment did not impact our consolidated statement of operations for the year ended December 31, 2012. Reclassifications and Revisions Prior to the Separation, we operated primarily as a title insurance company regulated under Article 7 of Regulation S-X and were not subject to the requirements of Article 5 of Regulation S-X. Rule 5-03 of Regulation S-X requires Article 5 companies, such as us, to classify expenses in a functional manner. We have reclassified external cost of revenues, salaries and benefits and other operating expenses into cost of services and selling, general and administrative (“SG&A”) expenses, in our income statement within our annual report on Form 10-K for the years ended December 31, 2012, 2011 and 2010. The reclassification of these expenses on a functional basis was not material to the financial statements as a whole, as it had no impact on operating revenues, total operating expenses, operating income, net income or earnings per share previously reported. In addition, there was no impact on our balance sheets or statements of cash flows. The consolidated balance sheet as of December 31, 2011 has been revised to correct the classification of $46.9 million in deferred income tax assets as current assets with a corresponding reduction of $38.3 million, in long-term and deferred income tax assets and a corresponding increase of $8.6 million, in total assets and a $8.6 million increase in long-term to deferred income tax and total liabilities to align with the classification of deferred revenue. Further, we have revised our prior years consolidated statement of cash flows to reflect “Purchases of redeemable noncontrolling interests" as a financing activity rather than an investing activity. The revision resulted in an increase in cash flows from investing activities in 2011 and 2010 of $72.0 million and $385.8 million, respectively, with corresponding decreases in cash flows from financing activities for 2011 and 2010 for the same amounts. We have also corrected the condensed consolidating balance sheet and statement of cash flows included in Note 21 - Guarantor Subsidiaries for the above noted revisions. Also, the 2011 and 2010 condensed consolidating balance sheets and statements of operations included in Note 21 - Guarantor Subsidiaries has been revised to present net intercompany transactions within the parent, guarantor and non-guarantor subsidiaries. In addition, the 2011 and 2010 condensed consolidating financial information in Note 21 - Guarantor Subsidiaries has been revised to correct the presentation of deferred income tax assets and liabilities, intercompany receivables and payables, intercompany revenues and expenses and non-controlling interests. See further discussion in Note 21 - Guarantor Subsidiaries. We assessed the materiality of these errors on our current and prior period financial statements in accordance with the SEC's SAB No. 99 and SAB No. 108, and concluded the errors were not material to the results of operations, cash flows or financial condition for the current and prior annual or interim period. Use of Estimates The preparation of financial statements in accordance with GAAP requires management to make estimates and assumptions that affect the financial statements. Actual results could differ from the estimates and assumptions used. Cash Equivalents We consider cash equivalents to be all short-term investments that have an initial maturity of 90 days or less and are not restricted. Accounts Receivable Accounts receivable are generally due from mortgage originators and servicers, financial institutions and other businesses, government and government-sponsored enterprises located throughout the United States and abroad. Credit is extended based on an evaluation of the customer’s financial condition, and generally, collateral is not required. The allowance for doubtful accounts for all probable uncollectible receivables is based on a combination of historical data, cash payment trends, specific customer issues, write-off trends, general economic conditions and other factors. These factors are continuously monitored by management to arrive at the estimate for the amount of accounts receivable that may be ultimately uncollectible. In circumstances where we are aware of a specific customer’s inability to meet its financial obligations, we record a specific allowance for doubtful accounts against amounts due to reduce the net recognized receivable to the amount we reasonably believe will be collected. Management believes that the balances for allowance for doubtful accounts at December 31, 2012 and 2011 are reasonably stated. Marketable Securities Debt securities are carried at fair value and consist primarily of investments in obligations of various corporations and mortgage-backed securities. Equity securities are carried at fair value and consist primarily of investments in marketable common and preferred stock. We classify our publicly traded debt and equity securities as available-for-sale and carry them at fair value with unrealized gains or losses classified as a component of accumulated other comprehensive income (loss). Property and Equipment Property and equipment are recorded at cost. Property and equipment includes computer software acquired or developed for internal use and for use with our products. Software development costs, which include capitalized interest costs and certain payroll-related costs of employees directly associated with developing software, in addition to incremental payments to third parties, are capitalized from the time technological feasibility is established until the software is ready for use. Accounting guidance requires that we capitalize interest costs incurred and certain payroll-related costs of employees directly associated with developing software in addition to incremental payments to third parties. Depreciation on buildings and on furniture and equipment is computed using the straight-line method over estimated useful lives of 25 to 40, and 3 to 10 years, respectively. Capitalized software costs are amortized using the straight-line method over estimated useful lives of 3 to 10 years. Leasehold improvements are amortized over useful lives that are consistent with the lease terms. Capitalized Data and Database Development Costs, Net Database development costs represent our cost to develop the proprietary databases of information for customer usage. The costs are capitalized from the time technological feasibility is established until the information is ready for use. These costs are amortized using the straight-line method over estimated useful lives of 7 to 20 years. The carrying value for the flood data zone certification is $52.9 million as of December 31, 2012 and 2011. Because properly maintained flood zone databases have indefinite lives and do not diminish in value with the passage of time, no provision has been made for depreciation or amortization. We periodically analyze our assets for impairment. This analysis includes, but is not limited to, the effects of obsolescence, duplication, demand and other economic factors.See further discussion in Note 5 – Capitalized Data and Database Development Costs, Net. Restricted Cash Restricted cash is comprised of certificates of deposit that are pledged for various letters of credit secured by the Company. We deem the carrying value to be a reasonable estimate of fair value due to the nature of these instruments. Purchase Accounting The purchase method of accounting requires companies to assign values to assets and liabilities acquired based upon their fair values. In most instances there are not readily defined or listed market prices for individual assets and liabilities acquired in connection with a business, including intangible assets. The determination of fair value for assets and liabilities in many instances requires a high degree of estimation. The valuation of intangible assets, in particular, is very subjective. We generally obtain third-party valuations to assist us in estimating fair values. The use of different valuation techniques and assumptions could change the amounts and useful lives assigned to the assets and liabilities acquired, including goodwill and other identifiable intangible assets and related amortization expense. Goodwill We perform an annual impairment test for goodwill and other indefinite-lived intangible assets for each reporting unit every fourth quarter. In addition to our annual impairment test, we periodically assess whether events or circumstances have occurred that potentially indicate the carrying amounts of these assets may not be recoverable. In assessing the overall carrying value of our goodwill and other intangibles, we first assess qualitative factors to determine whether the existence of events or circumstances leads to a determination that it is more likely than not that the fair value of a reporting unit is less than its carrying amount. Examples of such events or circumstances include the following: cost factors, financial performance, legal and regulatory factors, entity specific events, industry and market factors, macroeconomic conditions and other considerations. If, after assessing the totality of events or circumstances, we determine that it is more likely than not that the fair value of a reporting unit is less than its carrying value, then management’s impairment testing process may include two additional steps. The first step (“Step 1”) compares the fair value of each reporting unit to its book value. The fair value of each reporting unit is determined by using discounted cash flow analysis and market approach valuations. If the fair value of the reporting unit exceeds its book value, then goodwill is not considered impaired and no additional analysis is required. However, if the book value is greater than the fair value, a second step (“Step 2”) must be completed to determine if the fair value of the goodwill exceeds the book value of the goodwill. Step 2 involves calculating an implied fair value of goodwill for each reporting unit for which Step 1 indicated impairment. The implied fair value of goodwill is determined in a manner similar to the amount of goodwill calculated in a business combination, by measuring the excess of the estimated fair value of the reporting unit, as determined in Step 1, over the aggregate estimated fair values of the individual assets, liabilities and identifiable intangibles as if the reporting unit was being acquired in a business combination. If the implied fair value of goodwill exceeds the carrying value of goodwill assigned to the reporting unit, there is no impairment. If the carrying value of goodwill assigned to a reporting unit exceeds the implied fair value of the goodwill, an impairment loss is recorded for the excess. An impairment loss cannot exceed the carrying value of goodwill assigned to a reporting unit, and the loss establishes a new basis in the goodwill. Subsequent reversal of goodwill impairment losses is not permitted. The valuation of goodwill requires assumptions and estimates of many critical factors including revenue growth, cash flows, market multiples and discount rates. Forecasts of future operations are based, in part, on operating results and our expectations as to future market conditions. These types of analysis contain uncertainties because they require us to make assumptions and to apply judgments to estimate industry economic factors and the profitability of future business strategies. However, if actual results are not consistent with our estimates and assumptions, we may be exposed to an additional impairment loss that could be material. These tests utilize a variety of valuation techniques, all of which require us to make estimates and judgments. Fair value is determined by employing an expected present value technique, which utilizes multiple cash flow scenarios that reflect a range of possible outcomes and an appropriate discount rate. The use of comparative market multiples (the “market approach”) compares the reporting unit to other comparable companies (if such comparables are present in the marketplace) based on valuation multiples to arrive at a fair value. We also use certain of these valuation techniques in accounting for business combinations, primarily in the determination of the fair value of acquired assets and liabilities. In assessing the fair value, we utilize the results of the valuations (including the market approach to the extent comparables are available) and consider the range of fair values determined under all methods and the extent to which the fair value exceeds the book value of the equity. See further discussion in Note 7 – Goodwill. Other Intangible Assets Our intangible assets consist of covenants not to compete, customer lists, and trade names. Each of these intangible assets is amortized on a straight-line basis over its useful life ranging from 2 to 20 years and is subject to impairment tests on a periodic basis. Long-Lived Assets Long-lived assets held and used include investment in affiliates, property and equipment, capitalized software, and other intangible assets. Management uses estimated future cash flows (undiscounted and excluding interest) to measure the recoverability of long-lived assets held and used, at the asset group level, whenever events or changes in circumstances indicate that the carrying value of an asset may not be fully recoverable. If the undiscounted cash flow analysis indicates a long-lived asset is not recoverable, the impairment loss recorded is the excess of the carrying amount of the asset over its fair value. In addition, we carry long-lived assets held for sale at the lower of cost or market as of the date that certain criteria have been met. Revenue Recognition We derive our revenues principally from U.S. mortgage originators and servicers with good creditworthiness. Our product and service deliverables are generally comprised of data or other related services. Our revenue arrangements with our customers generally include a work order or written agreement specifying the data products or services to be delivered and related terms of sale including payment amounts and terms. The primary revenue recognition-related judgments we exercise are to determine when all of the following criteria have been met: (1) persuasive evidence of an arrangement exists; (2) delivery has occurred or services have been rendered; (3) our price to the buyer is fixed or determinable; and (4) collectability is reasonably assured. For products or services where delivery occurs at a point in time, we recognize revenue upon delivery. These products or services include sales of tenancy data and analytics, credit solutions for mortgage and automotive industries, under-banked credit services, flood data and services, real estate owned asset management, claims management, default services, broker price opinions, and field services where we perform property preservation services. For products or services where delivery occurs over time, we recognize revenue ratably on a subscription basis over the contractual service period once initial delivery has occurred. Generally these service periods range from one to three years. Products or services recognized on a license or subscription basis include information and analytic products, flood database licenses, Realtor solutions, and lending solutions. For certain of our products or services, customers may also pay us upfront set-up fees, which we defer and recognize into revenue over the longer of the contractual term or expected customer relationship period. Tax service revenues are comprised of periodic loan fees and life-of-loan fees. For periodic loans, we generate monthly fees at a contracted fixed rate for as long as we service the loan. Loans serviced with a one-time, life-of-loan fee are billed once the loan is boarded to our tax servicing system in accordance with a customer tax servicing agreement. Life-of-loan fees are then deferred and recognized ratably over the expected service period. The rates applied to recognize revenues assume a 10-year contract life and are adjusted to reflect prepayments. We review the tax service contract portfolio quarterly to determine if there have been changes in contract lives, deferred on-boarding costs, expected service period, and/or changes in the number and/or timing of prepayments. Accordingly, we may adjust the rates to reflect current trends. Cost of Services Cost of services represents direct costs incurred in the creation and delivery of our products and services. Cost of services consists primarily of data acquisition and royalty fees; customer service costs, which include: personnel costs to collect, maintain and update our proprietary databases, to develop and maintain software application platforms and to provide consumer and customer call center support; hardware and software expense associated with transaction processing systems; telecommunication and computer network expense; and occupancy costs associated with facilities where these functions are performed by employees. Selling, General and Administrative Expenses Selling, general and administrative expenses consist primarily of personnel-related costs, direct and indirect selling costs, restructuring costs, corporate costs, fees for professional and consulting services, advertising costs, uncollectible accounts and other costs of administration such as marketing, human resources, finance and administrative roles. Income Taxes We account for income taxes under the asset and liability method, whereby we recognize deferred tax assets and liabilities for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases as well as expected benefits of utilizing net operating loss and credit carryforwards. We measure deferred tax assets and liabilities using enacted tax rates we expect to apply in the years in which we expect to recover or settle those temporary differences. We recognize in income the effect of a change in tax rates on deferred tax assets and liabilities in the period that includes the enactment date. We recognize the effect of income tax positions only if sustaining those positions is more likely than not. We reflect changes in recognition or measurement of uncertain tax positions in the period in which a change in judgment occurs. We recognize interest and penalties, if any, related to uncertain tax positions within income tax expense. Accrued interest and penalties are included within the related tax liability line in the consolidated balance sheet. We evaluate the need to establish a valuation allowance based upon expected levels of taxable income, future reversals of existing temporary differences, tax planning strategies, and recent financial operations. We establish a valuation allowance to reduce deferred tax assets to the extent we believe it is more-likely-than-not that some or all of the deferred tax assets will not be realized. Comprehensive Income/(loss) Comprehensive income/(loss) includes all changes in equity except those resulting from investments by owners and distributions to owners. Specifically, foreign currency translation adjustments, amounts related to supplemental benefit plans, unrealized gains and losses on interest rate swap transactions and unrealized gains and losses on investment are recorded in other comprehensive income/(loss) . Share-based Compensation We measure the cost of employee services received in exchange for an award of equity instruments based on the grant-date fair value of the award. The cost is recognized over the period during which an employee is required to provide services in exchange for the award. We used the binomial lattice option-pricing model to estimate the fair value for any options granted after December 31, 2005 through December 31, 2009. For the options granted subsequent to December 31, 2009, we used the Black-Scholes model to estimate the fair value. We utilize the straight-line single option method of attributing the value of stock-based compensation expense unless another expense attribution model is required. As stock-based compensation expense recognized in results of operations is based on awards ultimately expected to vest, stock-based compensation expense has been reduced for estimated forfeitures. Forfeitures are estimated at the time of grant and revised, if necessary, in subsequent periods if actual forfeitures differ from those estimates. We apply the long-form method for determining the pool of windfall tax benefits. Currently, our primary means of providing stock-based compensation is granting restricted stock units (“RSUs”), performance-based restricted stock units (“PBRSUs”) and stock options. The fair value of any grant is based on the market value of our shares on the date of grant and is generally recognized as compensation expense over the vesting period. Shares granted to certain key employees have graded vesting and have a service and performance requirement and are therefore expensed using the accelerated multiple-option method to record stock-based compensation expense. All other awards have graded vesting and service is the only requirement to vest in the award and are therefore generally expensed using the straight-line single option method to record stock-based compensation expense. In addition, we have an employee stock purchase plan that allows eligible employees to purchase common stock of the Company at 85.0% of the closing price on the last day of each quarter. We recognize an expense in the amount equal to the discount. The 2001 employee stock purchase plan expired in September 2011. Our 2012 employee stock purchase plan was approved by our stockholders at our 2012 annual meeting of stockholders and the first offering period commenced in October 2012. See Note 14 –Share-based Compensation Plans for additional information related to stock options and restricted stock units. Foreign Currency The functional currencies of our foreign subsidiaries are their respective local currencies. The financial statements of the foreign subsidiaries are translated into U.S. dollars for consolidation as follows: assets and liabilities at the exchange rate as of the balance sheet date, stockholders’ equity at the historical rates of exchange, and income and expense amounts at average rates prevailing throughout the period. Translation adjustments resulting from the translation of the subsidiaries’ accounts are included in “Accumulated other comprehensive income/(loss),” a separate component of stockholders’ equity. Gains and losses resulting from foreign currency transactions are included within “Other operating expenses” and are not material to the results of operations. Earnings/(loss) Per Share Basic earnings/(loss) per share is computed by dividing net income (loss) available to our stockholders by the weighted-average number of common shares outstanding. The computation of diluted earnings per share is similar to the computation of basic earnings per share, except that the weighted-average number of common shares outstanding is increased to include the number of additional common shares that would have been outstanding if dilutive stock options had been exercised and RSUs and PBRSUs were vested. The dilutive effect of stock options and unvested RSUs and PBRSUs is computed using the treasury stock method, which assumes any proceeds that could be obtained upon the exercise of stock options and vesting of RSUs and PBRSUs would be used to purchase shares of common stock at the average market price for the period. The assumed proceeds include the purchase price the grantee pays, the hypothetical windfall tax benefit that we receive upon assumed exercise or vesting and the hypothetical average unrecognized compensation expense for the period. We calculate the assumed proceeds from excess tax benefits based on the “as-if” deferred tax assets calculated under stock-based compensation standards. Tax Escrow Disbursement Arrangements We administer tax escrow disbursements as a service to our customers in connection with our tax services business. These deposits are maintained in segregated accounts for the benefit of our customers. These deposits totaled $228.9 million and $593.9 million at December 31, 2012 and 2011, respectively. Because these deposits are held on behalf of our customers, they are not our funds and, therefore, are not included in the accompanying consolidated balance sheets. These deposits generally remain in the accounts for a period of two to five business days, and we invest the funds in highly-rated, liquid investments, such as bank deposit products or AAA-rated money market funds. We earn interest income from these investments and bear the risk of any losses. However, we have not historically incurred any investment losses and do not anticipate incurring any future investment losses. As a result, we do not maintain any reserves for losses in value of these investments. Under our contracts with our customers, if we make a payment in error or fail to pay a taxing authority when a payment is due, we could be held liable to our customers for all or part of the financial loss they suffer as a result of our act or omission. We maintained reserves relating to incorrect disposition of assets of $19.4 million and $16.0 million as of December 31, 2012 and 2011, respectively. These deposits generally remain in the accounts for a period of two to five business days, and we invest the funds in highly-rated, liquid investments, such as bank deposit products or AAA-rated money market funds. We earn interest income from these investments and bear the risk of any losses. However, we have not historically incurred any investment losses and do not anticipate incurring any future investment losses. As a result, we do not maintain any reserves for losses in value of these investments. Recent Accounting Pronouncements In August 2012, the Financial Accounting Standards Board (“FASB”) issued updated guidance related to the testing of indefinite-lived intangible assets other than goodwill for impairment. The guidance provides that an entity has the option to first assess qualitative factors to determine whether the existence of events or circumstances leads to a determination that it is more likely than not that the fair value of an indefinite-lived intangible assets other than goodwill is less than its carrying amount. If, after assessing the totality of events or circumstances, an entity determines it is not more likely than not that the fair value of an indefinite-lived intangible asset other than goodwill is less than its carrying amount, then performing the two-step impairment test is unnecessary. The updated guidance is effective for annual and interim impairment tests performed for fiscal years beginning after September 15, 2012. The adoption of this guidance did not have a material impact on our consolidated financial statements. In December 2011 and January 2013, the FASB issued updated guidance related to the presentation of offsetting/(netting) assets and liabilities in the financial statements. The guidance requires the disclosure of both gross information and net information on instruments and transactions eligible for offset in the statement of financial position and instruments and transactions subject to an agreement similar to a master netting arrangement. This scope would include derivatives, sale and repurchase agreements and reverse sale and repurchase agreements, and securities borrowing and securities lending arrangements. The updated guidance is effective for annual reporting periods beginning on or after January 1, 2013, and interim periods within those annual periods. Management does not expect the adoption of this guidance to have a material impact on our consolidated financial statements. In September 2011, the FASB issued updated guidance related to the testing of goodwill for impairment. The guidance provides that an entity has the option to first assess qualitative factors to determine whether the existence of events or circumstances leads to a determination that it is more likely than not that the fair value of a reporting unit is less than its carrying amount. If, after assessing the totality of events or circumstances, an entity determines it is not more likely than not that the fair value of a reporting unit is less than its carrying amount, then performing the two-step impairment test is unnecessary. The updated guidance is effective for annual and interim goodwill impairment tests performed for fiscal years beginning after December 15, 2011. The adoption of this guidance did not have a material impact on our consolidated financial statements. In June 2011, the FASB issued updated guidance related to the presentation of comprehensive income. The guidance provides that an entity has the option to present the total of comprehensive income, the components of net income, and the components of other comprehensive income either in a single continuous statement of comprehensive income or in two separate but consecutive statements. The updated guidance is effective for annual financial reporting periods beginning after December 15, 2011 and for interim periods within the fiscal year. The adoption of this guidance did not have a material impact on our consolidated financial statements. In May 2011, the FASB issued updated guidance related to fair value measurements and disclosures. The update provides amendments to achieve common fair value measurements and disclosure requirements in GAAP and International Financial Reporting Standards. The amendments in this update explain how to measure fair value. They do not require additional fair value measurements and are not intended to establish valuation standards or affect valuation practices outside of financial reporting. The updated guidance is effective during interim and annual financial reporting periods beginning after December 15, 2011. The adoption of this guidance did not have a material impact on our consolidated financial statements. |
Long-Term Debt (Interest Rate Swaps) (Details) (USD $)
|
12 Months Ended | 12 Months Ended | ||||||||
---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2011
Interest Rate Swap [Member]
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Oct. 31, 2010
Interest Rate Swap [Member]
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Dec. 31, 2012
Swap [Member]
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Dec. 31, 2011
Swap [Member]
|
Dec. 31, 2010
Swap [Member]
|
Dec. 31, 2011
September 2013 [Member]
Interest Rate Swap [Member]
|
Dec. 31, 2011
October 2013 Thru September 2014 [Member]
Interest Rate Swap [Member]
|
Dec. 31, 2011
October 2014 [Member]
Interest Rate Swap [Member]
|
Dec. 31, 2012
Fair Value, Inputs, Level 2 [Member]
Fair Value, Measurements, Recurring [Member]
Interest Rate Swap [Member]
|
Dec. 31, 2011
Fair Value, Inputs, Level 2 [Member]
Fair Value, Measurements, Recurring [Member]
Interest Rate Swap [Member]
|
|
Derivative [Line Items] | ||||||||||
Derivative, Notional Amount | $ 200,000,000 | $ 348,300,000 | ||||||||
Fixed Interest Rate of Swap | 1.73% | |||||||||
Quarterly Amortization of Interest Rate Swap Notional Amount | 2,500,000 | 5,000,000 | 7,500,000 | |||||||
Remaining Balance Of Interest Rate Swap Notional Amount | 107,500,000 | |||||||||
Realized Gain Loss On Derivatives | 400,000 | |||||||||
Derivative liability | 6,486,000 | |||||||||
Derivative Financial Instruments, Liabilities, Fair Value Disclosure | (5,078,000) | |||||||||
Unrealized (loss)/gain on interest rate swap, net of tax | (905,000) | (5,847,000) | 2,990,000 | |||||||
Deferred Taxes Pertaining To Other Comprehensive Income Relating to Swaps | $ 600,000 | $ 3,700,000 |