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DIVESTITURES:
3 Months Ended
Jun. 30, 2012
DIVESTITURES:  
DIVESTITURES:

4.             DIVESTITURES:

 

Discontinued Operation

 

On February 1, 2012 the Company completed the sale of its background screening unit, Acxiom Information Security Systems (AISS), to Sterling Infosystems, a New York-based technology firm, for $74 million.  The results of operations pertaining to the AISS business have been classified as discontinued operations in the condensed consolidated financial statements.

 

Summary results of operations of the AISS business unit for the three months ended June 30, 2011 are segregated and included in income from discontinued operations, net of tax in the condensed consolidated statements of operations and are as follows (dollars in thousands):

 

 

 

For the quarter
ended
June 30, 2011

 

Revenues

 

$

12,890

 

 

 

 

 

Earnings from discontinued operations before income taxes

 

$

1,526

 

Income taxes

 

610

 

Income from discontinued operations, net of tax

 

$

916

 

 

The net cash flows related to the AISS discontinued operation for each of the categories of operating, investing, and financing activities were not significant for the three months ending June 30, 2011.