Acquisitions and Divestitures (Tables)

12 Months Ended

Dec. 31, 2015

The following table summarizes the components of the pre-tax gain (dollars in thousands):

Cash proceeds from sale	$	120,500
Working capital adjustment		(1,615	)
Carrying value of net assets disposed		(3,025	)
Direct selling costs		(8,161	)

Pre-tax gain on sale	$	107,699

Schedule of estimated fair values of assets acquired and liabilities assumed at the date of acquisition

The following table summarizes the fair values of assets acquired and liabilities assumed at the date of the acquisition (dollars in thousands):

Cash consideration	$	22,499

Total purchase price	$	22,499


Cash	$	4,206
Accounts receivable, net		1,035
Customer related intangibles		2,674
Computer software		2,273
Trade Name		160
Deferred Tax Liability		(1,650	)
Goodwill		13,801

Total purchase price	$	22,499

- 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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