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- Revenue was $85.7 million and decreased 0.9 percent year-over-year due to the secular decline in check usage, partially offset by growth in non-check services, including the results of Destination Rewards which was acquired late in the fourth quarter of 2013, as well as the impact of previous price increases.
- Operating income was flat compared to last year at $18.8 million. Adjusted operating income, which excludes restructuring and transaction- related costs, increased 2.4 percent year-over-year, reflecting previous price increases and the continued benefits of cost reductions, partially offset by check usage declines.
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