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Other, net
12 Months Ended
Dec. 31, 2017
Other Income and Expenses [Abstract]  
Other, net

9. Other, net

Other, net is comprised of the following items (in thousands):

 

     Years Ended December 31,  
     2017      2016      2015  

Foreign currency transaction gains (losses)

   $ (2,619    $ 4,105      $ 1,946  

Realized gain on available-for-sale securities

     —          —          24,465  
  

 

 

    

 

 

    

 

 

 

Total

   $ (2,619    $ 4,105      $ 26,411  
  

 

 

    

 

 

    

 

 

 

The Company acquired a cost basis investment in Yodlee, Inc. (“Yodlee”) with the acquisition of S1 Corporation (“S1”) in February of 2012, which was fair valued at $9.8 million as a part of the purchase price allocation. The Company subsequently made an additional investment in Yodlee of approximately $1.0 million, bringing the total investment to $10.8 million as of December 31, 2013. On October 3, 2014 Yodlee common stock began trading on the NASDAQ under the symbol YDLE and the Company transitioned to accounting for the investment as available-for-sale securities.

 

During the year-ended December 31, 2015, the Company sold all of its Yodlee stock holdings in a series of sales and realized a total gain of $24.5 million, which is included in other, net in the accompanying consolidated statements of operations.