XML 37 R25.htm IDEA: XBRL DOCUMENT
v3.19.1

Related Party Transactions | 3 Months Ended
--- | ---
Mar. 31, 2019
Related Party Transactions [Abstract] |
Related Party Transactions | 16. 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. We recorded a management fee expense in selling, general, and administrative expense of $0.5 for the three months ended March 31, 2018, related to these management agreements. In April 2018, the management agreements terminated upon consummation of our IPO. 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 $0.2 during the three months ended March 31, 2019, and 2018, respectively. Other Transactions On July 23, 2018, Ronald F. Clarke was appointed to our Board of Directors. Mr. Clarke has been the chief executive officer of FleetCor Technologies Inc. (“FleetCor Technologies”) since August 2000 and its chairman of the board of directors since March 2003. We provide services to FleetCor Technologies or one of its wholly owned affiliates through certain commercial arrangements entered into in the ordinary course of business, which include provision of Dayforce HCM services, reseller or referral arrangements whereby we resell or refer FleetCor Technologies services to its customers, and other administrative services. For these services, we have recorded revenue of $0.2 and $0.3 for the three months ended March 31, 2019 and 2018, respectively. We provide Dayforce and related services to The Stronach Group, for which we recorded revenue of $0.1 and $0.1 for the three months ended March 31, 2019 and 2018, respectively. Alon Ossip, the brother of our chief executive officer, David Ossip, was the chief executive officer, and is currently a minority shareholder, of The Stronach Group. We provide payroll-related tax filings services to FNF for which we recorded revenue of $0.1 and $0.1 for the three months ended March 31, 2019 and 2018, respectively. We provide Dayforce and related services to certain investment portfolio companies of THLM and Cannae. Revenue from these portfolio companies was as follows:
|  | Three Months Ended March 31, |
|  | 2019 |  |  | 2018 |
American Blue Ribbon Holdings, LLC |  | $ | 0.5 |  |  | $ | 0.5 |
Essex Bargain Hunt Superstores |  |  | 0.1 |  |  |  | 0.1 |
Guaranteed Rate |  |  | 0.3 |  |  |  | — |
System One Holdings LLC |  |  | — |  |  |  | 0.2 |

X
- References No definition available. + Details
Name: | us-gaap_RelatedPartyTransactionsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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
Name: | us-gaap_RelatedPartyTransactionsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration