Discontinued Operations (Tables)

12 Months Ended

Dec. 31, 2014

Financial Results for Discontinued Operations

The following table presents the main classes of assets and liabilities held for sale as of December 31, 2014 and 2013:


(in thousands)	2014		2013
Cash and cash equivalents	$	—		30,530
Other assets		4,003		26,378
Total liabilities		4,003		10,333

The following table presents the summarized results of discontinued operations for the years ended December 31, 2014, 2013 and 2012:


(in thousands)	2014			2013			2012
Total revenues	$	16,376			68,048			77,415

Income before taxes	$	1			3,443			1,982

Income tax (benefit) expense	$	(39	)		1,388			987

Income from operating activities of discontinued operations, net of tax	$	40			2,055			995

Gain on dispositions, net of tax	$	48,615			—			—

Income from discontinued operations, net of tax	$	48,655			2,055			995

Income from discontinued operations, net of tax, attributable to noncontrolling interest	$	999			4,198			3,864

Income (loss) from discontinued operations, net of tax, attributable to TSYS common shareholders	$	47,656			(2,143	)		(2,869	)

Interest allocated to discontinued operations¹	$	—			281			275

1	Interest expense relates to borrowings directly for use by Japan-based operations

- Definition

Tabular disclosure of disposal groups, which may include the gain (loss) recognized in the income statement and the income statement caption that includes that gain (loss), amounts of revenues and pretax profit or loss reported in discontinued operations, the classification and carrying value of the assets and liabilities comprising the disposal group, and the segment in which the disposal group was reported. Also may include the amount of adjustments to amounts previously reported in discontinued operations such as resolution of contingencies arising from the disposal transaction or the operations of the component prior to disposal.

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