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Related Party Transactions | 6 Months Ended
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Jun. 30, 2018
Related Party Transactions | 15. Related Party Transactions Management Agreements Prior to our IPO, Ceridian was party to management agreements with affiliates of our Sponsors, Fidelity National Financial, Inc. (“FNF”) and THL Managers VI, LLC (“THLM”). FNF assigned its management agreement to Cannae in November 2017. Pursuant to these management agreements, Cannae and THLM each, respectively, agreed to provide us with financial advisory, strategic, and general oversight services. These management agreements provided that we pay annual management fees to each of Cannae and THLM in an amount equal to the greater of (a) $0.9, or (b) 0.5 percent of Adjusted EBITDA. Adjusted EBITDA, for purposes of the management agreements, was EBITDA as defined in the 2014 Senior Secured Credit Facility, further adjusted to exclude the payments made pursuant to the management agreements and certain stock options or other equity compensation. In April 2018, the management agreements terminated upon consummation of our IPO. Upon termination, the management agreements provided that we pay a termination fee equal to the net present value of the management fee for a seven-year period, which was $11.3. We recorded a management fee expense in selling, general, and administrative expense of $11.5, and $0.5 for the three months ended June 30, 2018, and 2017, respectively, related to these management agreements. During the six months ended June 30, 2018, and 2017, we recorded a management fee expense in selling, general, and administrative expense of $12.0 and $0.9, respectively, related to these management agreements. Debt Prior to its split-off from FNF, Cannae was an affiliate of FNF. FNF and its subsidiaries owned $24.0 of the Senior Notes as of December 31, 2017. Based on this ownership, $0.5 and $0.8 in interest payments were made to FNF and its subsidiaries during the three months ended June 30, 2018, and 2017, respectively, and $1.3 and $1.6 during the six months ended June 30, 2018, and 2017, respectively. FNF and its subsidiaries conducted the debt transactions through third parties in the ordinary course of their business and not directly with us. Following Cannae’s split-off from FNF, FNF retained ownership of the Senior Notes. Service and Vendor Related Agreements Ceridian is a party to a service agreement with CompuCom Systems, Inc. (“CompuCom”), an investment portfolio company of THL Partners. Pursuant to the service agreement, CompuCom agrees to provide us with service desk and desk side support services. Pursuant to this arrangement, we made payments to CompuCom totaling $0.5, and $0.9 during the three months ended June 30, 2018, and 2017, respectively, and $0.7 and $1.4 during the six months ended June 30, 2018, and 2017, respectively. Other Transactions We provide Dayforce and related services to The Stronach Group, for which we recorded revenue of $0.1 for the three months ended June 30, 2018, and $0.2 for the six months ended June 30, 2018. Alon Ossip, the brother of David Ossip, is the chief executive officer of The Stronach Group. We provide Dayforce and related services to FNF for which we recorded revenue of $0.1 and $0.1 for the three months ended June 30, 2018, and 2017, respectively, and $0.2 and $0.4 for the six months ended June 30, 2018, and 2017, respectively.

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- Definition The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 850 -URI http://asc.fasb.org/topic&trid=2122745 + Details
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