Black Knight InfoServ 8-K Results of Operations and Financial Condition

Exhibit 99.1

Press Release

Investors:	Media:
Parag Bhansali	Michelle Kersch
(904) 854-8640	(904) 854-5043

Lender Processing Services, Inc. Reports Strong Second Quarter Earnings
Year-over-year operating income increases 3.3%
Year-over-year adjusted EPS increases 7.2% to 89 cents per diluted share

     JACKSONVILLE, Fla. – July 22, 2010 – Lender Processing Services, Inc. (NYSE:LPS), a leading provider of integrated technology and services to the mortgage and real estate industries, today reported consolidated revenues of $599.1 million for the second quarter of 2010, a decrease of 2.3% compared to the second quarter of 2009; however, net earnings of $80.4 million or 85 cents per diluted share in the second quarter of 2010 increased from $75.2 million or 78 cents per diluted share in the prior year quarter.

     Adjusted net earnings for the second quarter of 2010 were $84.0 million, or 89 cents per diluted share, compared to $79.8 million, or 83 cents per diluted share in the second quarter of 2009. Adjusted net earnings in the current quarter include an adjustment for purchase price amortization of 4 cents per diluted share while the prior year quarter included a similar adjustment of 5 cents per diluted share.

     “LPS had a strong quarter despite very difficult conditions in both the origination and default markets and a sustained challenging macro-economic environment. LPS, with its comprehensive end-to-end solutions for the mortgage and real estate industries, remains well positioned for a solid 2010 and to continue to grow profitably in 2011 and beyond,” said Lee A.

Kennedy, Executive Chairman of LPS. “Our Mortgage Processing business delivered another strong quarter and while our Loan Facilitation and Default Services businesses were both impacted by sluggish industry trends, we continued to expand market share in both areas,” added Jeff Carbiener, President and CEO of LPS.

     Operating income of $148.4 million in the quarter increased from $143.7 million in the second quarter of 2009 and operating margins improved by 140 basis points to 24.8%.

     Adjusted free cash flow (net cash provided by operating activities minus certain non-recurring expenses and additions to property, equipment and computer software) for the first half of 2010 was $149.5 million compared to $160.2 million in the first half of 2009 primarily due to higher capital expenditures as well as from timing differences in our working capital components.

Technology, Data and Analytics (TD&A)

     Revenues for the segment were $185.2 million compared to $171.9 million in the second quarter of 2009 while operating income of $64.8 million compared to $55.1 million in the prior year period. Mortgage Processing revenues of $102.4 million were 14.3% above the second quarter of 2009 primarily due to higher activity-based fees as well as professional services and license revenues. Other TD&A revenues of $82.9 million compared to $82.3 million in the same period last year. Overall operating income for TD&A grew 17.6% primarily due to higher contributions from Mortgage Processing somewhat offset by lower contributions from our Desktop business due to investments in key implementations for top-tier financial institutions and also from our Data & Analytics businesses.

Loan Transaction Services (LTS)

     Revenues for the segment were $415.5 million compared to $448.0 million in the second quarter of 2009 and operating income of $101.6 million compared to $109.6 million in the prior year quarter. While Loan Facilitation Services revenues of $140.5 million declined 5.4% year-over-year,

they compared favorably to the Mortgage Bankers Association’s (MBA) estimate of overall originations being lower by 20% year-over-year. This positive variance was primarily due to market share gains in our settlement services and appraisal offerings. Default Services revenues of $275.0 million declined 8.2% compared to the second quarter of 2009, due to a decline in industry foreclosure starts of 16.0% for the same period, per LPS’s Mortgage Monitor report, which were driven by a broader industry slowdown. Overall operating income for LTS was lower mainly due to lower contributions from Default Services partly offset by higher income in Loan Facilitation services.

Corporate and Other

     Net corporate expenses in the second quarter of 2010 were $18.0 million compared to $21.0 million in the prior year quarter primarily due to lower incentive compensation costs.

     The company noted that it had repurchased 1.6 million shares for $57.4 million in the second quarter. Following these purchases, $68.8 million remained available under the previous authorization. Also, the company announced that its Board of Directors had authorized a new share repurchase program of $150 million for a one year period that replaced the previous authorization.

Outlook

     “Second quarter and first half 2010 results were solid given the challenges in our specific markets and the broader economic environment. LPS with its market-leading presence remains well positioned to grow revenue and earnings in the second half of 2010 as well as in 2011,” said Jeff Carbiener. “Based on trends in the first half of 2010 and the outlook for the remainder of the year for the origination and default markets, we now expect full year 2010 revenues to grow 3%-6% compared to 2009. Also, we continue to expect full year 2010 adjusted earnings to be in the $3.49-$3.56 per diluted share range with third quarter adjusted earnings in the 88-90 cents per diluted share range.”

Use of Non-GAAP Financial Information

     Generally Accepted Accounting Principles (GAAP) is the term used to refer to the standard framework of guidelines for financial accounting. GAAP includes the standards, conventions, and rules accountants follow in recording and summarizing transactions, and in the preparation of financial statements. In addition to reporting financial results in accordance with GAAP, LPS reports several non-GAAP measures, including “adjusted net earnings” (GAAP net earnings adjusted for the impact of certain non-recurring adjustments, if applicable, plus the after-tax purchase price amortization of intangible assets added through acquisitions), “adjusted net earnings per diluted share” (adjusted net earnings divided by diluted weighted average shares), and “adjusted free cash flow” (net cash provided by operating activities less additions to property, equipment and computer software, as well as non-recurring adjustments, if applicable). LPS provides these measures because it believes that they are helpful to investors in comparing year-over-year performance in light of certain non-recurring charges, and to better understand our financial performance, competitive position and future prospects. Non-GAAP measures should be considered in conjunction with the GAAP financial presentation and should not be considered in isolation or as a substitute for GAAP net earnings. A reconciliation of these non-GAAP measures to related GAAP measures is included in the attachments to this release.

Conference Call and Webcast

     LPS will host a conference call to discuss these results on Friday, July 23, 2010, at 8:00 a.m. EDT. Interested parties are invited to listen to the live webcast by logging on to the Investor Relations section atwww.lpsvcs.com. Supplemental materials will be available on the website. Those wishing to participate via the conference call may do so by calling 866-823-5035. A replay of the webcast will be available on the website shortly after the call where it will be archived for one month. A replay of the conference call will be available through July 30, 2010 by dialing 888-203-1112 (access code: 7113478).

     To access a printer friendly version of this release and accompanying exhibits, go to http://www.lpsvcs.com/investor.

About Lender Processing Services

     Lender Processing Services, Inc. (LPS) is a leading provider of integrated technology and services to the mortgage and real estate industries. LPS offers solutions that span the mortgage continuum, including lead generation, origination, workflow automation (Desktop), servicing, portfolio retention and default, augmented by the company’s award-winning customer support and professional services. Approximately 50 percent of all U.S. mortgages by dollar volume are serviced using LPS’s Mortgage Servicing Package (MSP). LPS also offers proprietary mortgage and real estate data and analytics for the mortgage and capital markets industries. For more information about LPS, visit www.lpsvcs.com.

Forward-Looking Statements

     This press release contains forward-looking statements that involve a number of risks and uncertainties. Those forward-looking statements include all statements that are not historical facts, including statements about our beliefs and expectations. Forward-looking statements are based on management’s beliefs, as well as assumptions made by and information currently available to management. Because such statements are based on expectations as to future economic performance and are not statements of historical fact, actual results may differ materially from those projected. We undertake no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise. The risks and uncertainties to which forward-looking statements are subject include, but are not limited to: our ability to adapt our services to changes in technology or the marketplace; the impact of adverse changes in the level of real estate activity on demand for certain of our services; our ability to maintain and grow our relationships with our customers; the effects of our substantial

leverage on our ability to make acquisitions and invest in our business; changes to the laws, rules and regulations that regulate our businesses as a result of the current economic and financial environment; changes in general economic, business and political conditions, including changes in the financial markets; the impact of any potential defects, development delays, installation difficulties or system failures on our business and reputation; risks associated with protecting information security and privacy; and other risks and uncertainties detailed in the “Statement Regarding Forward-Looking Information,” “Risk Factors” and other sections of the Company’s Form 10-K, the Company’s subsequent reports on Form 10-Q and other filings with the Securities and Exchange Commission.

###

Exhibit A

LENDER PROCESSING SERVICES, INC. AND SUBSIDIARIES
Consolidated Statements of Earnings
(Unaudited)

	Three months ended June 30,						Six months ended June 30,
	2010			2009			2010			2009
	(In thousands, except per share amounts)
Processing and services revenues	$	599,081		$	613,171		$	1,191,475		$	1,142,988
Cost of revenues		390,847			404,014			786,869			758,716
Gross profit		208,234			209,157			404,606			384,272
Selling, general and administrative expenses		59,815			65,431			120,535			136,609
Operating income		148,419			143,726			284,071			247,663
Other income (expense):
Interest income		300			442			923			966
Interest expense		(18,615	)		(21,625	)		(37,460	)		(43,539	)
Other expense, net		119			(13	)		123			(14	)
Total other income (expense)		(18,196	)		(21,196	)		(36,414	)		(42,587	)
Earnings from continuing operations before income taxes and equity in losses of unconsolidated entity		130,223			122,530			247,657			205,076
Provision for income taxes		49,810			46,866			94,728			78,441
Earnings from continuing operations before equity in losses of unconsolidated entity		80,413			75,664			152,929			126,635
Equity in losses of unconsolidated entity		—			—			—			(37	)
Earnings from continuing operations		80,413			75,664			152,929			126,598
Discontinued operation, net of tax		—			—			—			(504	)
Net earnings		80,413			75,664			152,929			126,094
Noncontrolling minority interest		—			(424	)		—			(808	)
Net earnings attributable to Lender Processing Services, Inc.	$	80,413		$	75,240		$	152,929		$	125,286
Net earnings per share — diluted from continuing operations	$	0.85		$	0.78		$	1.60		$	1.31
Net earnings per share — diluted from discontinued operation		—			—			—			—
Net earnings per share — diluted	$	0.85		$	0.78		$	1.60		$	1.31
Weighted average shares outstanding — diluted		94,910			96,133			95,660			95,709

     Exhibit B

LENDER PROCESSING SERVICES, INC. AND SUBSIDIARIES
Consolidated Balance Sheets
(Unaudited)

	June 30, 2010			December 31, 2009
	(In thousands)
Assets
Current assets:
Cash and cash equivalents	$	108,593		$	70,528
Trade receivables, net of allowance for doubtful accounts		383,821			401,333
Other receivables		3,932			3,770
Prepaid expenses and other current assets		35,146			26,985
Deferred income taxes		44,377			47,528
Total current assets		575,869			550,144
Property and equipment, net of accumulated depreciation		122,230			113,108
Computer software, net of accumulated amortization		202,646			185,376
Other intangible assets, net of accumulated amortization		60,841			72,796
Goodwill		1,166,142			1,166,142
Other non-current assets		107,448			109,738
Total assets	$	2,235,176		$	2,197,304
Liabilities and Equity
Current liabilities:
Current portion of long-term debt	$	110,100		$	40,100
Trade accounts payable		46,194			38,166
Accrued salaries and benefits		34,854			54,376
Recording and transfer tax liabilities		14,038			15,208
Due to affiliates		—			3,321
Other accrued liabilities		149,108			151,601
Deferred revenues		52,849			66,602
Total current liabilities		407,143			369,374
Deferred revenues		36,404			37,681
Deferred income taxes, net		73,695			65,215
Long-term debt, net of current portion		1,176,700			1,249,250
Other non-current liabilities		19,818			19,926
Total liabilities		1,713,760			1,741,446
Equity:
Preferred stock $0.0001 par value; 50 million shares authorized, none issued at June 30, 2010 or December 31, 2009, respectively		—			—
Common stock $0.0001 par value; 500 million shares authorized, 97.8 million and 97.0 million shares issued at June 30, 2010 and December 31, 2009, respectively		10			10
Additional paid-in capital		199,769			173,424
Retained earnings		464,936			330,963
Accumulated other comprehensive loss		(2,928	)		(7,630	)
Treasury stock $0.0001 par value; 3.9 million and 1.2 million shares at June 30, 2010 and December 31, 2009, respectively		(140,371	)		(40,909	)
Total equity		521,416			455,858
Total liabilities and equity	$	2,235,176		$	2,197,304

Exhibit C

LENDER PROCESSING SERVICES, INC. AND SUBSIDIARIES
Consolidated Statements of Cash Flows
(Unaudited)

	Six months ended June 30,
	2010			2009
	(In thousands)
Cash flows from operating activities:
Net earnings attributable to Lender Processing Services, Inc.	$	152,929		$	125,286
Adjustments to reconcile net earnings to net cash provided by operating activities:
Depreciation and amortization		47,294			47,579
Amortization of debt issuance costs		2,317			2,645
Gain on sale of discontinued operation		—			(2,574	)
Deferred income taxes, net		9,023			(651	)
Stock-based compensation cost		13,837			13,302
Tax benefit associated with equity compensation		162			(1,356	)
Equity in losses of unconsolidated entity		—			37
Noncontrolling minority interest		—			808
Changes in assets and liabilities, net of effects of acquisitions:
Trade receivables		17,512			(76,919	)
Other receivables		(162	)		10,264
Prepaid expenses and other assets		(13,699	)		(11,599	)
Deferred revenues		(15,031	)		(158	)
Accounts payable and other liabilities		(7,513	)		97,606
Net cash provided by operating activities		206,669			204,270
Cash flows from investing activities:
Additions to property and equipment		(23,371	)		(23,201	)
Additions to capitalized software		(33,795	)		(25,206	)
Acquisition of title plants		—			(9,395	)
Acquisitions, net of cash acquired		—			(16,403	)
Proceeds from sale of discontinued operation, net of cash distributed		—			(32,638	)
Net cash used in investing activities		(57,166	)		(106,843	)
Cash flows from financing activities:
Debt service payments		(2,550	)		(143,481	)
Stock options exercised		10,906			109
Tax benefit associated with equity compensation		(162	)		1,356
Cash dividends paid		(18,956	)		(19,134	)
Treasury stock purchases		(97,698	)		—
Contingent payments related to acquisitions		(2,978	)		—
Net cash used in financing activities		(111,438	)		(161,150	)
Net increase (decrease) in cash and cash equivalents		38,065			(63,723	)
Cash and cash equivalents, beginning of period		70,528			125,966
Cash and cash equivalents, end of period	$	108,593		$	62,243
Supplemental disclosures of cash flow information:
Cash paid for interest	$	36,558		$	41,828
Cash paid for taxes	$	71,332		$	47,862
Non-cash redistribution of assets to FIS	$	—		$	434
Non-cash consideration received from sale of discontinued operation	$	—		$	40,310
Non-cash consideration issued in acquisition of business	$	—		$	(5,162	)

Exhibit D

LENDER PROCESSING SERVICES, INC. AND SUBSIDIARIES
SUPPLEMENTAL FINANCIAL INFORMATION – UNAUDITED
(In thousands)

	Six months ended June 30,
	2010			2009			6/30/2010			3/31/2010			12/31/2009			9/30/2009			6/30/2009			3/31/2009
1. Revenues — Continuing Operations
Technology, Data and Analytics (TD&A):
Mortgage Processing	$	199,990		$	180,717		$	102,356		$	97,634		$	104,184		$	102,973		$	89,567		$	91,150
Other TD&A		164,680			151,051			82,852			81,828			85,247			83,313			82,322			68,729
Total		364,670			331,768			185,208			179,462			189,431			186,286			171,889			159,879
Loan Transaction Services:
Loan Facilitation Services		287,085			267,724			140,471			146,614			142,919			136,657			148,510			119,214
Default Services		543,717			554,843			275,046			268,671			278,647			303,823			299,534			255,309
Total		830,802			822,567			415,517			415,285			421,566			440,480			448,044			374,523
Corporate and Other		(3,997	)		(11,347	)		(1,644	)		(2,353	)		(2,864	)		(7,339	)		(6,762	)		(4,585	)
Total Revenue	$	1,191,475		$	1,142,988		$	599,081		$	592,394		$	608,133		$	619,427		$	613,171		$	529,817
Revenue Growth from Prior Year Period
Technology, Data and Analytics:
Mortgage Processing		10.7	%		11.4	%		14.3	%		7.1	%		17.9	%		23.2	%		9.1	%		13.7	%
Other TD&A		9.0	%		31.0	%		0.6	%		19.1	%		40.3	%		50.5	%		37.9	%		23.5	%
Total		9.9	%		19.5	%		7.7	%		12.2	%		27.0	%		34.1	%		21.3	%		17.7	%
Loan Transaction Services:
Loan Facilitation Services		7.2	%		2.9	%		-5.4	%		23.0	%		70.3	%		55.9	%		25.8	%		-16.1	%
Default Services		-2.0	%		51.5	%		-8.2	%		5.2	%		14.3	%		25.6	%		51.9	%		51.0	%
Total		1.0	%		31.3	%		-7.3	%		10.9	%		28.7	%		33.7	%		42.1	%		20.4	%
Corporate and Other		n/m			n/m			n/m			n/m			n/m			n/m			n/m			n/m
Total Revenue		4.2	%		27.4	%		-2.3	%		11.8	%		28.3	%		32.7	%		35.3	%		19.4	%
2. Depreciation and Amortization — Continuing Operations
Depreciation and Amortization	$	30,773		$	29,505		$	15,780		$	14,993		$	15,932		$	15,894		$	15,431		$	14,074
Purchase Price Amortization		12,602			15,487			5,884			6,718			7,654			7,608			7,404			8,083
Other Amortization		3,919			2,582			1,976			1,943			1,713			1,542			753			1,829
Total Depreciation and Amortization	$	47,294		$	47,574		$	23,640		$	23,654		$	25,299		$	25,044		$	23,588		$	23,986
3. Stock Compensation Expense
Stock Compensation Expense, Excluding Acceleration Charges	$	13,837		$	12,503		$	7,280		$	6,557		$	7,678		$	7,062		$	6,459		$	6,044
Stock Acceleration Expense		—			799			—			—			—			—			—			799
Total Stock Compensation Expense	$	13,837		$	13,302		$	7,280		$	6,557		$	7,678		$	7,062		$	6,459		$	6,843

Exhibit E

LENDER PROCESSING SERVICES, INC. AND SUBSIDIARIES
NON-GAAP FINANCIAL INFORMATION – UNAUDITED
(In thousands, except per share data)

	Six months ended June 30,
	2010			2009			6/30/2010			3/31/2010			12/31/2009			9/30/2009			6/30/2009			3/31/2009
1. EBIT — Continuing Operations
Consolidated
Revenue	$	1,191,475		$	1,142,988		$	599,081		$	592,394		$	608,133		$	619,427		$	613,171		$	529,817
Cost of Sales		786,869			758,716			390,847			396,022			403,174			409,113			404,014			354,702
Selling, General and Administrative Expenses		120,535			136,609			59,815			60,720			64,059			66,671			65,431			71,178
Operating Income		284,071			247,663			148,419			135,652			140,900			143,643			143,726			103,937
Less Non-recurring Charges:
Restructuring Costs		—			8,186			—			—			—			—			—			8,186
Acceleration of Performance-Based Shares		—			799			—			—			—			—			—			799
EBIT, as adjusted	$	284,071		$	256,648		$	148,419		$	135,652		$	140,900		$	143,643		$	143,726		$	112,922
EBIT Margin, as adjusted		23.8	%		22.5	%		24.8	%		22.9	%		23.2	%		23.2	%		23.4	%		21.3	%
Depreciation and Amortization	$	47,294		$	47,574		$	23,640		$	23,654		$	25,299		$	25,044		$	23,588		$	23,986
Technology, Data and Analytics
Revenue	$	364,670		$	331,768		$	185,208		$	179,462		$	189,431		$	186,286		$	171,889		$	159,879
Cost of Sales		206,112			189,392			100,317			105,795			107,368			105,651			98,929			90,463
Selling, General and Administrative Expenses		39,877			33,890			20,066			19,811			18,571			18,256			17,824			16,066
Operating Income		118,681			108,486			64,825			53,856			63,492			62,379			55,136			53,350
Less Non-recurring Charges:
Restructuring Costs		—			—			—			—			—			—			—			—
Acceleration of Performance-Based Shares		—			—			—			—			—			—			—			—
EBIT, as adjusted	$	118,681		$	108,486		$	64,825		$	53,856		$	63,492		$	62,379		$	55,136		$	53,350
EBIT Margin, as adjusted		32.5	%		32.7	%		35.0	%		30.0	%		33.5	%		33.5	%		32.1	%		33.4	%
Depreciation and Amortization	$	32,585		$	33,816		$	16,047		$	16,538		$	18,066		$	17,595		$	16,441		$	17,375
Loan Transaction Services
Revenue	$	830,802		$	822,567		$	415,517		$	415,285		$	421,566		$	440,480		$	448,044		$	374,523
Cost of Sales		584,716			580,285			292,107			292,609			298,723			311,230			311,349			268,936
Selling, General and Administrative Expenses		45,655			54,423			21,798			23,857			25,681			27,665			27,064			27,359
Operating Income		200,431			187,859			101,612			98,819			97,162			101,585			109,631			78,228
Less Non-recurring Charges:
Restructuring Costs		—			—			—			—			—			—			—			—
Acceleration of Performance-Based Shares		—			—			—			—			—			—			—			—
EBIT, as adjusted	$	200,431		$	187,859		$	101,612		$	98,819		$	97,162		$	101,585		$	109,631		$	78,228
EBIT Margin, as adjusted		24.1	%		22.8	%		24.5	%		23.8	%		23.0	%		23.1	%		24.5	%		20.9	%
Depreciation and Amortization	$	10,935		$	9,734		$	5,749		$	5,186		$	5,281		$	5,295		$	5,126		$	4,608
Corporate and Other
Revenue	$	(3,997	)	$	(11,347	)	$	(1,644	)	$	(2,353	)	$	(2,864	)	$	(7,339	)	$	(6,762	)	$	(4,585	)
Cost of Sales		(3,959	)		(10,961	)		(1,577	)		(2,382	)		(2,917	)		(7,768	)		(6,264	)		(4,697	)
Selling, General and Administrative Expenses		35,003			48,296			17,951			17,052			19,807			20,750			20,543			27,753
Operating Income		(35,041	)		(48,682	)		(18,018	)		(17,023	)		(19,754	)		(20,321	)		(21,041	)		(27,641	)
Less Non-recurring Charges:
Restructuring Costs		—			8,186			—			—			—			—			—			8,186
Acceleration of Performance-Based Shares		—			799			—			—			—			—			—			799
EBIT, as adjusted	$	(35,041	)	$	(39,697	)	$	(18,018	)	$	(17,023	)	$	(19,754	)	$	(20,321	)	$	(21,041	)	$	(18,656	)
Depreciation and Amortization	$	3,774		$	4,024		$	1,844		$	1,930		$	1,952		$	2,154		$	2,021		$	2,003
2. Net Earnings — Reconciliation
Net Earnings	$	152,929			125,286		$	80,413		$	72,516		$	74,901		$	75,542		$	75,240		$	50,046
Less Non-recurring Charges:
Restructuring Costs, net of tax		—			5,055			—			—			—			—			—			5,055
Acceleration of Performance-Based Shares, net of tax		—			493			—			—			—			—			—			493
Net Earnings, as adjusted		152,929			130,834			80,413			72,516			74,901			75,542			75,240			55,594
Purchase Price Amortization, net of tax (1)		7,781			9,563			3,633			4,148			4,726			4,698			4,572			4,991
Adjusted Net Earnings	$	160,710		$	140,397		$	84,046		$	76,664		$	79,627		$	80,240		$	79,812		$	60,585
Adjusted Net Earnings Per Diluted Share	$	1.69		$	1.47		$	0.89		$	0.80		$	0.82		$	0.83		$	0.83		$	0.64
Diluted Weighted Average Shares		95,660			95,709			94,910			96,416			96,781			96,399			96,133			95,284
3. Cashflow — Reconciliation
Cash Flows from Operating Activities:
Net Earnings	$	152,929		$	125,286		$	80,413		$	72,516		$	74,901		$	75,542		$	75,240		$	50,046
Less Non-recurring Charges:
Restructuring Costs, net of tax		—			4,304			—			—			—			—			—			4,304
Net Earnings, as adjusted		152,929			129,590			80,413			72,516			74,901			75,542			75,240			54,350
Adjustments to reconcile net earnings to net cash provided by operating activities:
Non-cash adjustments		72,633			59,790			34,591			38,042			60,281			32,279			31,700			28,090
Working capital adjustments		(18,893	)		19,194			(17,375	)		(1,518	)		13,369			(16,954	)		21,957			(2,763	)
Net cash provided by operating activities		206,669			208,574			97,629			109,040			148,551			90,867			128,897			79,677
Capital expenditures included in investing activities		(57,166	)		(48,407	)		(29,122	)		(28,044	)		(30,913	)		(19,455	)		(25,836	)		(22,571	)
Adjusted Net Free Cash Flow	$	149,503		$	160,167		$	68,507		$	80,996		$	117,638		$	71,412		$	103,061		$	57,106

	Notes:
(1)	Purchase price amortization, net of tax represents the periodic amortization of intangible assets acquired through business acquisitions primarily relating to customer lists, trademarks and non-compete agreements.