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Subsequent Event | 12 Months Ended
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Dec. 31, 2015
Subsequent Events [Abstract] |
Subsequent Event |
17. | Subsequent Event
On January 20, 2016, the Company and Fiserv, Inc. (“Fiserv”) entered into a definitive agreement (the “Agreement”) providing for the sale of its Community Financial Services products and their related identified assets and liabilities for $200.0 million, subject to certain working capital adjustments, on the terms and conditions described in the Agreement. The consummation of the Agreement is subject to the satisfaction of customary conditions, including the expiration of the applicable waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, ACI’s delivery of specified third-party consents and the absence of a material adverse change. Either party may terminate the Agreement under certain circumstances, including, a failure of the transaction to close on or prior to June 30, 2016 or such other date as may be mutually agreed upon by the parties, and certain breaches of representations and warranties or covenants of the other party.

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- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. + References No definition available. + Details
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