XML 56 R17.htm IDEA: XBRL DOCUMENT
v2.4.0.8

Discontinued Operations and Divestitures | 6 Months Ended
--- | ---
Jun. 30, 2014
Discontinued Operations And Disposal Groups [Abstract] |
Discontinued Operations and Divestitures |
13. | Discontinued Operations and Divestitures
CBIZ will divest (through sale or closure) business operations that do not contribute to the Company’s long-term objectives for growth or that are not complementary to its target service offerings and markets. Divestitures are classified as discontinued operations provided they meet the criteria as provided in FASB ASC 205 “Presentation of Financial Statements – Discontinued Operations – Other Presentation Matters.” Discontinued Operations Revenue and results from operations of discontinued operations are separately reported as “(Loss) income from operations of discontinued operations, net of tax” in the consolidated statements of comprehensive income. For the six months ended June 30, 2014, the loss on operations of discontinued operations represents the results from the Company’s property tax business located in Leawood, Kansas that was discontinued in December of 2013 and subsequently sold on June 1, 2014. For the six months ended June 30, 2013, the income from operations of discontinued operations relates to the results of CBIZ’s Medical Management Professionals’ practice group (“MMP”) that was discontinued and sold in August of 2013, as well as the results of the Leawood, Kansas property tax business. Revenue and results from operations of discontinued operations for the three and six months ended June 30, 2014 and 2013 were as follows (in thousands):
|  | Three Months Ended June 30, |  |  | Six Months Ended June 30, |
|  | 2014 |  |  | 2013 |  |  | 2014 |  |  | 2013 |
Revenue |  | $ | 244 |  |  | $ | 34,773 |  |  | $ | 298 |  |  | $ | 68,364 |
(Loss) income from discontinued operations before income tax |  | $ | (187 | ) |  | $ | 2,652 |  |  | $ | (538 | ) |  | $ | 4,522 |
Income tax (benefit) expense |  |  | (81 | ) |  |  | 1,030 |  |  |  | (213 | ) |  |  | 1,741 |
(Loss) income from discontinued operations, net of tax |  | $ | (106 | ) |  | $ | 1,622 |  |  | $ | (325 | ) |  | $ | 2,781 |
Losses and gains from the sale of discontinued operations are recorded as “(Loss) gain on disposal of discontinued operations, net of tax”, in the accompanying consolidated statements of comprehensive income. In addition, proceeds that are contingent upon a divested operation’s actual future performance are recorded as “(Loss) gain on disposal of discontinued operations, net of tax” in the period they are earned. During the six months ended June 30, 2014, CBIZ sold its property tax business located in Leawood, Kansas. In addition, a loss was recorded representing the finalization of the working capital adjustment related to the August 2013 sale of MMP. The gains recorded in the six months ended June 30, 2013 related to contingent proceeds on sales of discontinued operations that occurred in prior periods, and for the three and six months ended June 30, 2013, a deferred tax benefit of $1.9 million was recorded for the estimated difference between the book and tax basis related to the sale of MMP. For the three and six months ended June 30, 2014 and 2013, losses and gains on the disposal of discontinued operations were as follows (in thousands):
|  | Three Months Ended June 30, |  |  | Six Months Ended June 30, |
|  | 2014 |  |  | 2013 |  |  | 2014 |  |  | 2013 |
(Loss) gain on disposal of discontinued operations, before income tax |  | $ | (11 | ) |  | $ | — |  |  | $ | (885 | ) |  | $ | 36 |
Income tax expense (benefit) |  |  | 16 |  |  |  | (1,905 | ) |  |  | (384 | ) |  |  | (1,892 | )
(Loss) gain on disposal of discontinued operations, net of tax |  | $ | (27 | ) |  | $ | 1,905 |  |  | $ | (501 | ) |  | $ | 1,928 |
At June 30, 2014 and December 31, 2013, the assets and liabilities of businesses classified as discontinued operations are reported separately in the accompanying consolidated financial statements and consisted of the following (in thousands):
|  | June 30, |  |  | December 31, |
|  | 2014 |  |  | 2013 |
Assets: |  |  |  |  |  |  |  |
Accounts receivable, net |  | $ | — |  |  | $ | 1,068 |
Other current assets |  |  | 40 |  |  |  | 24 |
Assets of discontinued operations |  | $ | 40 |  |  | $ | 1,092 |
Liabilities: |  |  |  |  |  |  |  |
Accounts payable |  | $ | 56 |  |  | $ | 72 |
Accrued personnel |  |  | 1 |  |  |  | 161 |
Accrued expenses |  |  | 137 |  |  |  | 137 |
Liabilities of discontinued operations |  | $ | 194 |  |  | $ | 370 |
Divestitures Gains and losses from divested operations and assets that do not qualify for treatment as discontinued operations are recorded as “Gain on sale of operations, net” in the consolidated statements of comprehensive income.

X
- Details
Name: | us-gaap_DiscontinuedOperationsAndDisposalGroupsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for the facts and circumstances leading to the completed or expected disposal, manner and timing of disposal, the gain (loss) recognized in the income statement and the income statement caption that includes that gain (loss), amounts of revenues and pretax profit or loss reported in discontinued operations, the segment in which the disposal group was reported, and the classification (whether sold or classified as held for sale) and carrying value of the assets and liabilities comprising the disposal group. Includes all disposal groups, including those classified as components of the entity (discontinued operations). + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6391110&loc=d3e2941-110230 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6360339&loc=d3e1361-107760 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 45 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6892542&loc=d3e957-107759 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 45 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=6892542&loc=d3e1012-107759 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=6360339&loc=d3e1510-107760 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 45 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=6892542&loc=d3e1020-107759 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6360339&loc=d3e1436-107760 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6360339&loc=d3e1474-107760 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 45 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=8077374&loc=d3e2443-110228 + Details
Name: | us-gaap_DisposalGroupsIncludingDiscontinuedOperationsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration