v2.4.0.6

IMPAIRMENT AND OTHER CHARGES, NET | 12 Months Ended
--- | ---
Jun. 30, 2012
IMPAIRMENT AND OTHER CHARGES, NET | NOTE 4. IMPAIRMENT AND OTHER CHARGES, NET Impairment and other charges, net of $74.2 million for the fiscal year ended June 30, 2012, includes charges resulting from the termination of the U.S. schedule of the outsourcing services agreement (the “Outsourcing Services Agreement”) with Penson Worldwide, Inc. (“PWI”) (see Note 8, “Discontinued Operations”). The charges primarily include a $47.2 million impairment of the deferred client conversion and start-up costs associated with the U.S. schedule of the Outsourcing Services Agreement (see Note 11, “Other Non-current Assets”) representing all deferred costs associated with Penson, a $12.5 million impairment of marketable securities relating to the Company’s investment in the common stock of PWI (see Note 11, “Other Non-current Assets”), and a $21.4 million impairment of a five-year subordinated note from PWI (see Note 11, “Other Non-current Assets”) and $8.2 million of shutdown costs. These charges were slightly offset by a $15.1 million benefit associated with the extinguishment of Broadridge’s obligation to pay or credit to PWI fees related to a third party vendor’s services replaced by the Outsourcing Services Agreement (see Note 12, “Accrued Expenses and Other Current Liabilities”). These charges are included in the Other segment (see Note 19, “Financial Data by Segment”).

X
- Definition The entire disclosure for the details of the charge against earnings resulting from the aggregate write down of all assets from their carrying value to their fair value. Disclosure may also include a description of the impaired asset and facts and circumstances leading to the impairment, amount of the impairment loss and where the loss is located in the income statement, method(s) for determining fair value, and the segment in which the impaired asset is reported. + References No definition available. + Details
Name: | us-gaap_AssetImpairmentChargesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration