Subsequent event

6 Months Ended

Jun. 30, 2017

Subsequent Event [Line Items]

Subsequent Events [Text Block]

Subsequent Event

In July 2017, we entered into an asset purchase agreement (the “Agreement”) with a third-party by which we transitioned our merchant services delivery from in-house to an outsourced model. The carrying amount of both assets and liabilities subject to this Agreement was zero. The sale transaction resulted in a one-time $14.0 million gain to be recognized in the third quarter of 2017. In addition to the one-time gain, prospectively Columbia will receive net monthly revenue from merchant services. If the Agreement is terminated by Columbia or the third-party during its initial ten-year term, we must pay the third-party a termination fee