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Business Combination
 3 Months Ended
Mar. 31, 2014
Business Combination [Abstract]  
Business Combination Disclosure [Text Block]
Business Combination

On December 16, 2013, we acquired a 100% ownership interest in certain net assets of TLO, LLC ("TLO") for $153.4 million in cash. TLO provides data solutions for identity authentication, fraud prevention, and debt recovery. The Company established a newly incorporated entity, TransUnion Risk and Alternative Data Solutions, Inc. ("Alternative Data") to purchase the net assets of TLO. The results of operations of this business have been included as part of the USIS segment in the accompanying consolidated statements of income since the date of acquisition.

Purchase Price Allocation
The allocation of the purchase price is preliminary pending our review of the valuation of intangible assets and goodwill, which is expected to be completed during the second quarter of 2014. The preliminary fair value of the assets acquired and liabilities assumed as of March 31, 2014, consisted of the following:
(in millions)
 
Fair Value
Other current assets
 
$
0.3

Property and equipment
 
6.8

Identifiable intangible assets
 
83.4

Goodwill(1)
 
68.7

Total assets acquired
 
$
159.2

Total liabilities assumed
 
(5.8
)
Net assets of acquired company
 
$
153.4

(1) 
All of the goodwill is deductible for tax purposes.

The excess of the purchase price over the preliminary fair value of the net assets acquired was recorded as goodwill. The purchase price of TLO exceeded the fair value of the net assets acquired due primarily to growth opportunities, synergies associated with its internal use software and our existing customer base and brand name, and other technological and operations synergies. Goodwill has been allocated to the USIS segment.
Identifiable Intangible Assets
The preliminary fair values of the intangible assets acquired consisted of the following:
(in millions)
 
Fair Value
 
Estimated Useful Life
Technology and software
 
$
44.7

 
10 years
Trade names and trademarks
 
13.2

 
20 years
Customer relationships
 
25.5

 
15 years
Total identifiable intangible assets
 
$
83.4

 
 

The weighted-average useful life of identifiable intangible assets is approximately 13.1 years.

Acquisition Costs
During 2013, the Company incurred $3.7 million of acquisition-related costs for this acquisition, including banking fees, legal fees, due diligence and other external costs, which were expensed and recorded in other income and expense in the fourth quarter of 2013. Additional acquisition-related costs of $0.3 million were incurred and expensed during the first quarter of 2014.