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Subsequent Events | 6 Months Ended
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Jun. 30, 2016
Subsequent Events [Abstract] |
Subsequent Events | Subsequent Events On July 1, 2016, pursuant to the Purchase Agreement, Teradata completed the previously announced sale of Teradata’s marketing applications business to Marlin Equity. The purchase price received for this business was approximately $92 million in cash, which includes a post-closing adjustment for working capital, debt and other metrics. The final cash to be received is subject to change depending on the finalization of working capital and transaction costs. In connection with the closing of the transaction, the parties have entered into a transition services agreement, pursuant to which Teradata will provide certain services to Marlin Equity, including accounting, human resources, order processing and invoicing and information technology services for a service period of up to 15 months after the closing of the transaction. The Company expects to record tax expense of approximately $18 million in the third quarter of 2016 related to this transaction. The tax expense associated with the gain on sale of the marketing applications business assets, of which $13 million is cash taxes due to having zero tax basis in goodwill, was calculated based on the amount of proceeds allocated to the various jurisdictions in accordance with the Purchase Agreement at the local statutory rates. The actual tax expense to be reported in the third quarter of 2016 is subject to change pending final determination of the net asset value of the marketing applications business, finalization of the working capital, transaction costs and other adjustments.

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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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