Divestitures

3 Months Ended

Mar. 31, 2025

Disposal Group, Not Discontinued Operation, Disposal Disclosures [Abstract]


NOTE 6:			DIVESTITURES

In recent years, we decided to exit certain businesses and dispose of other assets. We believe these actions have enabled us to concentrate our resources on our growth businesses, while optimizing our operations.

In September and December 2023, we executed agreements to transition our U.S. and Canadian payroll and human resources services customers to other service providers. The recognition of income from this business exit was based on the timing of customer conversion and retention activities, which were substantially completed during 2024. The remaining cash proceeds from this business exit were received during the quarter ended March 31, 2025. The results of this business are reported as All other in Note 13.

Business exits and asset sales were as follows for the quarters ended March 31, 2025 and March 31, 2024:


(in thousands)	Gain on sale of businesses and long-lived assets		Proceeds from sale of businesses and long-lived assets
Quarter ended March 31, 2025:
Payroll and human resources services business	$	—	$	1,968

Quarter ended March 31, 2024:
Payroll and human resources services business	$	7,581	$	—
Small business distributor customer list(1)	1,000		—
Total	$	8,581	$	—

(1) A note receivable was executed in conjunction with this sale. No cash proceeds were received.