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Operating Segments | 6 Months Ended
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Jun. 30, 2016
Segment Reporting [Abstract] |
Operating Segments | Operating Segments Operating segments are businesses for which separate financial information is available and evaluated regularly by the chief operating decision maker in deciding how to allocate resources. This segment financial information is reported on the basis that is used for the internal evaluation of operating performance. The accounting policies of the segments are the same as described in Note 1, “Significant Accounting and Reporting Policies” included in our audited financial statements for the year ended December 31, 2015, included in Exhibit 99.1 of our Current Report on Form 8-K filed with the Securities and Exchange Commission (“SEC”) on June 1, 2016. In the first quarter of 2016, we moved our direct to consumer reseller business and reallocated certain other costs related to our consumer facing business in the U.S. from our USIS segment to our Consumer Interactive segment. These changes better reflect the evolution of our consumer facing business in the U.S. and how we manage that business. As a result, we modified our segment reporting effective the first quarter of 2016. In conjunction with this change we also reclassified $105.0 million of goodwill from our USIS segment to our Consumer Interactive segment. The segment results below have been recast to reflect these changes for all periods presented. These changes do not impact our consolidated results. We evaluate the performance of segments based on revenue and operating income. The following is a more detailed description of the three operating segments and the Corporate unit, which provides support services to each operating segment: U.S. Information Services U.S. Information Services (“USIS”) provides consumer reports, risk scores, analytical and decisioning services to businesses. These businesses use our services to acquire new customers, assess consumer ability to pay for services, identify cross-selling opportunities, measure and manage debt portfolio risk, collect debt, verify consumer identities and investigate potential fraud. The core capabilities and delivery platforms in our USIS segment allow us to serve a broad set of customers and business issues. We offer our services to customers in financial services, insurance, healthcare and other industries. International The International segment provides services similar to our USIS segment to businesses in select regions outside the United States. Depending on the maturity of the credit economy in each country, services may include credit reports, analytics and decisioning services and other value-added risk management services. In addition, we have insurance, business and automotive databases in select geographies. These services are offered to customers in a number of industries including financial services, insurance, automotive, collections and communications, and are delivered through both direct and indirect channels. The International segment also provides consumer services similar to those offered by our Consumer Interactive segment that help consumers proactively manage their personal finances. Consumer Interactive Consumer Interactive offers solutions that help consumers manage their personal finances and take precautions against identity theft. Services in this segment include credit reports and scores, credit monitoring, fraud protection and resolution and financial management. Our products are provided through user friendly online and mobile interfaces and are supported by educational content and customer support. Our Consumer Interactive segment serves consumers through both direct and indirect channels. Corporate In addition, Corporate provides support services for each of the operating segments, holds investments, and conducts enterprise functions. Certain costs incurred in Corporate that are not directly attributable to one or more of the operating segments remain in Corporate. These costs are typically enterprise-level costs and are primarily administrative in nature. Selected segment financial information consisted of the following:
(in millions) |  | Three Months Ended June 30, 2016 |  | Three Months Ended June 30, 2015 |  | Six Months Ended June 30, 2016 |  | Six Months Ended June 30, 2015
Gross revenues: |  |  |  |  |  |  |  |
U.S. Information Services |  | $ | 256.8 |  |  | $ | 233.1 |  |  | $ | 503.8 |  |  | $ | 452.1 |
International |  | 77.6 |  |  | 67.5 |  |  | 145.4 |  |  | 131.0 |
Consumer Interactive |  | 106.5 |  |  | 92.2 |  |  | 212.6 |  |  | 176.8 |
Total revenues, gross |  | 440.9 |  |  | 392.8 |  |  | 861.8 |  |  | 759.9 |
Intersegment revenue eliminations: |  |  |  |  |  |  |  |
U.S. Information Services |  | (14.2 | ) |  | (13.5 | ) |  | (28.4 | ) |  | (26.8 | )
International |  | (1.0 | ) |  | (0.8 | ) |  | (1.9 | ) |  | (1.5 | )
Consumer Interactive |  | — |  |  | — |  |  | — |  |  | — |
Total intersegment eliminations |  | (15.2 | ) |  | (14.3 | ) |  | (30.3 | ) |  | (28.3 | )
Total revenues, net |  | $ | 425.7 |  |  | $ | 378.5 |  |  | $ | 831.4 |  |  | $ | 731.6 |
Operating income: |  |  |  |  |  |  |  |
U.S. Information Services |  | $ | 41.4 |  |  | $ | 38.4 |  |  | $ | 71.6 |  |  | $ | 66.1 |
International |  | 8.1 |  |  | 1.9 |  |  | 13.1 |  |  | 4.6 |
Consumer Interactive |  | 43.6 |  |  | 33.2 |  |  | 84.0 |  |  | 59.9 |
Corporate |  | (29.5 | ) |  | (22.0 | ) |  | (53.3 | ) |  | (42.8 | )
Total operating income |  | $ | 63.5 |  |  | $ | 51.4 |  |  | $ | 115.4 |  |  | $ | 87.9 |
Intersegment operating income eliminations: |  |  |  |  |  |  |  |
U.S. Information Services |  | $ | (13.8 | ) |  | $ | (13.1 | ) |  | $ | (27.7 | ) |  | $ | (26.1 | )
International |  | (0.7 | ) |  | (0.5 | ) |  | (1.4 | ) |  | (0.9 | )
Consumer Interactive |  | 14.6 |  |  | 13.6 |  |  | 29.1 |  |  | 27.0 |
Total intersegment eliminations |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
As a result of displaying amounts in millions, rounding differences may exist in the table above. A reconciliation of operating income to income (loss) before income taxes for the periods presented is as follows:
(in millions) |  | Three Months Ended June 30, 2016 |  | Three Months Ended June 30, 2015 |  | Six Months Ended June 30, 2016 |  | Six Months Ended June 30, 2015
Operating income from segments |  | $ | 63.5 |  |  | $ | 51.4 |  |  | $ | 115.4 |  |  | $ | 87.9 |
Non-operating income and expense |  | (27.5 | ) |  | (46.7 | ) |  | (52.8 | ) |  | (90.6 | )
Income (loss) before income taxes |  | $ | 36.0 |  |  | $ | 4.7 |  |  | $ | 62.6 |  |  | $ | (2.7 | )
Earnings from equity method investments included in non-operating income and expense for the periods presented were as follows:
(in millions) |  | Three Months Ended June 30, 2016 |  | Three Months Ended June 30, 2015 |  | Six Months Ended June 30, 2016 |  | Six Months Ended June 30, 2015
USIS |  | $ | 0.6 |  |  | $ | 0.5 |  |  | $ | 1.0 |  |  | $ | 0.9 |
International |  | 1.4 |  |  | 1.8 |  |  | 2.9 |  |  | 3.7 |
Total |  | $ | 2.0 |  |  | $ | 2.3 |  |  | $ | 3.9 |  |  | $ | 4.6 |

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8981-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e9038-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 33 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8971-108599 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8595-108599 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8380-108599 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 35 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8984-108599 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e9031-108599 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e9054-108599 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8538-108599 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 29 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8864-108599 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8924-108599 Reference 14: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8906-108599 + Details
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