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Subsequent Event
3 Months Ended
Mar. 31, 2015
Subsequent Event  
Subsequent Event

Note N — Subsequent Event

 

On April 14, 2015, Harte Hanks completed the sale of our Aberdeen Group and Market Intelligence businesses in our Customer Interaction business segment to affiliates of Halyard Capital for approximately $9.0 million, subject to a post-closing working capital adjustment, and will recognize a pre-tax charge of approximately $10.5 million in the second quarter of 2015. This transaction is estimated to result in an after-tax loss of approximately $7.8 million. The historical operating results of these business to business research divisions were not material to the Company.