Higher One 10-Q 11 May 15 2015 Q1 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information (USD $)	3 Months Ended
In Millions, except Share data, unless otherwise specified	Mar. 31, 2015	Jun. 30, 2014
Document and Entity Information [Abstract]
Entity Registrant Name	Higher One Holdings, Inc.
Entity Central Index Key	1486800
Current Fiscal Year End Date	-19
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Filer Category	Accelerated Filer
Entity Public Float		$167.10
Entity Common Stock, Shares Outstanding	47,831,813
Document Fiscal Year Focus	2015
Document Fiscal Period Focus	Q1
Document Type	10-Q
Amendment Flag	FALSE
Document Period End Date	31-Mar-15

Condensed_Consolidated_Balance

Condensed Consolidated Balance Sheets (unaudited) (USD $)	Mar. 31, 2015	Dec. 31, 2014
In Thousands, unless otherwise specified
Current assets:
Cash and cash equivalents	$14,982	$40,022
Investments in marketable securities	250	249
Accounts receivable	12,033	8,929
Income receivable	6,950	9,053
Deferred tax assets	3,836	3,719
Prepaid expenses and other current assets	4,791	7,805
Total current assets	42,842	69,777
Deferred costs	7,663	4,187
Fixed assets, net	45,394	46,768
Intangible assets, net	54,920	56,255
Goodwill	67,403	67,403
Loan receivable related to New Markets Tax Credit financing	7,633	7,633
Other assets	3,162	2,523
Restricted cash	2,725	2,725
Total assets	231,742	257,271
Current liabilities:
Accounts payable	3,598	3,339
Accrued expenses	28,843	25,872
Deferred revenue	23,207	25,174
Total current liabilities	55,648	54,385
Deferred revenue and other non-current liabilities	3,921	4,019
Loan payable and deferred contribution related to New Markets Tax Credit financing	8,794	8,871
Debt	59,000	94,000
Deferred tax liabilities	3,831	3,814
Total liabilities	131,194	165,089
Commitments and contingencies (Note 7)
Stockholders' equity:
Common stock, $.001 par value; 200,000,000 shares authorized; 59,744,839 shares issued and 47,831,813 shares outstanding at March 31, 2015; 59,570,839 shares issued and 47,657,813 shares outstanding at December 31, 2014	60	60
Additional paid-in capital	187,094	185,588
Treasury stock, 11,913,026 shares at March 31, 2015 and December 31, 2014	-137,899	-137,899
Retained earnings (accumulated deficit)	51,293	44,433
Total stockholders' equity	100,548	92,182
Total liabilities and stockholders' equity	$231,742	$257,271

Condensed_Consolidated_Balance1

Condensed Consolidated Balance Sheets (unaudited) (Parenthetical) (USD $)	Mar. 31, 2015	Dec. 31, 2014
Stockholders' equity:
Common stock, par value (in dollars per share)	$0.00	$0.00
Common stock, shares authorized (in shares)	200,000,000	200,000,000
Common stock, shares issued (in shares)	59,744,839	59,570,839
Common stock, shares outstanding (in shares)	47,831,813	47,657,813
Treasury stock (in shares)	11,913,026	11,913,026

Condensed_Consolidated_Stateme

Condensed Consolidated Statements of Operations (unaudited) (USD $)	3 Months Ended
In Thousands, except Share data, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Revenue:
Account revenue	$37,528	$41,662
Payment transaction revenue	17,324	14,620
Higher education institution revenue	10,426	9,979
Other revenue	240	295
Revenue	65,518	66,556
Cost of revenue	28,190	27,594
Gross margin	37,328	38,962
Operating expenses:
General and administrative	18,583	15,711
Product development	1,771	2,192
Sales and marketing	4,163	4,474
Total operating expenses	24,517	22,377
Income from operations	12,811	16,585
Interest income	20	19
Interest expense	-1,380	-823
Other income	77	78
Net income before income taxes	11,528	15,859
Income tax expense	4,668	6,149
Net income	6,860	9,710
Net income available to common stockholders:
Basic	6,860	9,710
Diluted	$6,860	$9,710
Weighted average shares outstanding:
Basic (in shares)	47,355,845	47,082,397
Diluted (in shares)	47,820,951	48,340,468
Net income available to common stockholders per common share:
Basic (in dollars per share)	$0.14	$0.21
Diluted (in dollars per share)	$0.14	$0.20

Condensed_Consolidated_Stateme1

Condensed Consolidated Statement of Changes in Stockholders' Equity (unaudited) (USD $)	Common Stock [Member]	Additional Paid-in Capital [Member]	Treasury Stock [Member]	Retained Earnings [Member]	Total
In Thousands, except Share data, unless otherwise specified
Balance at Dec. 31, 2014	$60	$185,588	($137,899)	$44,433	$92,182
Balance (in shares) at Dec. 31, 2014	47,657,813				47,657,813
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock-based compensation	0	2,216	0	0	2,216
Tax benefit related to options	0	-925	0	0	-925
Exercise of stock options	0	215	0	0	215
Exercise of stock options (in shares)	174,000
Net income	0	0	0	6,860	6,860
Balance at Mar. 31, 2015	$60	$187,094	($137,899)	$51,293	$100,548
Balance (in shares) at Mar. 31, 2015	47,831,813				47,831,813

Condensed_Consolidated_Stateme2

Condensed Consolidated Statements of Cash Flows (unaudited) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Cash flows from operating activities
Net income	$6,860	$9,710
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	5,170	4,455
Amortization of deferred finance costs	659	123
Stock-based compensation	2,198	1,558
Deferred income taxes	-945	5,014
Income tax benefit related to exercise of stock options	-15	-3
Other income	-77	-78
Loss on disposal of fixed assets	10	32
Changes in operating assets and liabilities:
Accounts receivable	-3,104	-2,249
Income receivable	2,103	-2,863
Deferred costs	-119	-1,354
Prepaid expenses and other current assets	3,014	126
Other assets	-639	-26
Accounts payable	259	-849
Accrued expenses	2,860	-13,391
Deferred revenue	-2,065	-1,615
Net cash provided by operating activities	16,169	-1,410
Cash flows from investing activities
Purchases of fixed assets, net of changes in payables of ($200) and ($153), respectively	-629	-1,157
Additions to internal use software	-1,354	-1,265
Amount Received from Restricted Cash	0	25
Proceeds from development related subsidies	0	3,468
Net cash used in investing activities	-1,983	1,071
Cash flows from financing activities
Proceeds from line of credit	0	15,000
Repayments of line of credit	-35,000	-10,000
Payments of Financing Costs, Total	-4,456	0
Tax benefit related to stock options	15	3
Proceeds from exercise of stock options	215	19
Purchases of common stock	0	0
Net cash used in financing activities	-39,226	5,022
Net change in cash and cash equivalents	-25,040	4,683
Cash and cash equivalents at beginning of period	40,022	6,268
Cash and cash equivalents at end of period	$14,982	$10,951

Nature_of_Business_and_Organiz

Nature of Business and Organization	3 Months Ended
	Mar. 31, 2015
Nature of Business and Organization [Abstract]
Nature of Business and Organization	1.	Nature of Business and Organization
	Higher One Holdings, Inc., or HOH, is a leading provider of technology, data analytics and payment services to the higher education industry. HOH, through its subsidiaries, provides a comprehensive suite of disbursement, payment and data analytics solutions specifically designed for higher education institutions and their students. We have developed and acquired proprietary software-based solutions to provide these services. HOH is incorporated in Delaware and maintains its headquarters in New Haven, Connecticut. HOH has a wholly-owned subsidiary, Higher One, Inc., or HOI, which has two wholly-owned subsidiaries, Higher One Machines, Inc., or HOMI, and Higher One Real Estate, Inc., or Real Estate Inc.  HOI and HOMI together own 99% of Higher One Financial Technology Private Limited, or HOFTPL.  Real Estate Inc. has a 98% ownership interest in Higher One Real Estate SP, LLC, or Real Estate LLC.  HOMI and HOFTPL perform certain of our operational support functions. Real Estate Inc. and Real Estate LLC were each formed to hold and operate certain of our real estate.

Significant_Accounting_Policie

Significant Accounting Policies	3 Months Ended
	Mar. 31, 2015
Significant Accounting Policies [Abstract]
Significant Accounting Policies
	2.	Significant Accounting Policies
	Basis of Presentation and Consolidation
	The accompanying unaudited condensed consolidated financial statements and the related interim information contained within the notes to such condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America, or GAAP, and the applicable rules of the Securities and Exchange Commission, or the SEC, for interim information and quarterly reports on Form 10-Q.
	The unaudited condensed consolidated financial statements have been prepared on a consistent basis with the audited consolidated financial statements included in our annual report on Form 10-K for the year ended December 31, 2014, and in the opinion of management, include all normal recurring adjustments that are necessary for the fair statement of our interim period results reported herein.  The December 31, 2014 condensed consolidated balance sheet data included in this Form 10-Q was derived from our audited financial statements but does not include all disclosures required by GAAP. Due to seasonal fluctuations and other factors, the results of operations for the three months ended March 31, 2015 are not necessarily indicative of the results to be expected for the full year.
	The unaudited condensed consolidated financial statements reflect our financial position and results of operations, including our majority and wholly-owned subsidiaries. Intercompany transactions and balances have been eliminated in consolidation.
	The preparation of financial statements in conformity with GAAP requires management to make significant estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting periods. Actual results could materially differ from management’s estimates.
	Goodwill and Intangible Assets
	Goodwill represents the excess of the fair value of consideration transferred over the fair values assigned to the underlying net identifiable assets of acquired businesses. We test goodwill for impairment annually on October 31, or whenever events or changes in circumstances indicate that impairment may have occurred, by comparing its fair value to its carrying value. Impairment may result from, among other things, deterioration in the performance of an acquired business, adverse market conditions, adverse changes in applicable laws or regulations, including changes that restrict the activities of an acquired business, and a variety of other circumstances.
	As a result of changes instituted by our chief operating decision maker (and as further described in Note 7), we now have three reportable segments: Disbursements, Payments and Data Analytics, which are organized according to the type of service that each offers to our target markets – higher education institutions and their students.   Each of these business units is also an operating segment and a reporting unit for purposes of our goodwill impairment testing.As a result of the change in our operating segments and reporting units, we have compared the fair value of our reporting units to the carrying value of our reporting units and determined that there was no impairment of goodwill.
	Basic and Diluted Net Income Available to Common Stockholders per Common Share
	Basic net income per common share excludes dilution for potential common stock issuances and is computed by dividing net income available to common stockholders by the weighted-average number of common shares outstanding for the period. Diluted net income per common share reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock. For the calculation of diluted net income per common share, the basic weighted-average number of shares is increased by the dilutive effect of restricted stock, warrants and stock options using the treasury-stock method. The treasury-stock method assumes that the options or warrants are exercised at the beginning of the period (or date of issue, if later), and that we use those proceeds to purchase common stock for treasury at the average price for the reporting period.
	The effect of stock options and warrants to purchase our common stock totaling 5,063,524 and 4,175,053 were not included in the computation of diluted net income per common share for the three months ended March 31, 2015 and 2014, respectively, as their effect would be anti-dilutive. Anti-dilutive securities are securities that upon conversion or exercise increase earnings per share (or reduce the loss per share).  In periods when we recognize a net loss, we exclude the impact of outstanding stock awards from the diluted loss per share calculation as their inclusion would have an anti-dilutive effect.
	Comprehensive Income
	There are no comprehensive income items other than net income. There are no recorded unrealized gains or losses on the investments in marketable securities as of the balance sheet dates. Comprehensive income equals net income for all periods presented.
	Other Arrangements
	We accept payments on behalf of educational institutions and subsequently remit these payments to the education institutions. The amounts received are maintained in segregated accounts for the benefit of either the institution or the payer. There were approximately $165.7 million and $127.3 million of such funds as of March 31, 2015 and December 31, 2014, respectively. These deposits are not our funds and therefore are not included in the accompanying condensed consolidated balance sheets.
	Recent Accounting Pronouncements
	There were no accounting standards adopted during 2014 or during the three months ended March 31, 2015 which had a material impact on our consolidated financial position, results of operations or liquidity.
	In May 2014, the Financial Accounting Standards Board, or FASB, issued Accounting Standards Update, or ASU, No. 2014-09, Revenue From Contracts With Customers, that outlines a single model for entities to use in accounting for revenue arising from contracts with customers and supersedes most current revenue recognition guidance. The ASU is based on the principle that an entity should recognize revenue to depict the transfer of goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. The ASU also requires additional disclosure about the nature, amount, timing and uncertainty of revenue and cash flows arising from customer contracts, including significant judgments and changes in judgments and assets recognized from costs incurred to fulfill a contract. Entities have the option of using either a full retrospective or a modified retrospective approach for the adoption of the new standard. This standard is currently effective for fiscal periods beginning after December 15, 2016; however, in April 2015, the FASB proposed a one-year deferral of the effective date of this standard and early adoption is prohibited. We are currently assessing the impact that this standard will have on our consolidated financial statements.
	In June 2014, the FASB issued Accounting Standards Update No. 2014-12, Accounting for Share-Based Payments When the Terms of an Award Provide That a Performance Target Could Be Achieved after the Requisite Service Period, which updated the accounting standards related to stock compensation. The update clarifies the accounting for share-based payments with a performance target that could be achieved after the requisite service period. Specifically, the update specifies the performance target should not be reflected in estimating the grant-date fair value of the award. Instead, the probability of achieving the performance target should impact vesting of the award. The standard is effective for interim and annual periods beginning after December 15, 2015 and early adoption is permitted. We do not expect the adoption of this standard to have a material effect on our financial condition and results of operations.
	In April 2015, the FASB issued Accounting Standard Update No. 2015-03, Simplifying the Presentation of Debt Issuance Costs, which requires debt issuance costs to be presented in the balance sheet as a direct deduction from the associated debt liability. This standard is effective for fiscal periods beginning after December 15, 2015 and early adoption is permitted. We do not believe this standard will have a significant impact on our consolidated financial statements or disclosures.

Investments_in_Marketable_Secu

Investments in Marketable Securities and Fair Value Measurements	3 Months Ended
	Mar. 31, 2015
Investments in Marketable Securities and Fair Value Measurements [Abstract]
Investments in Marketable Securities and Fair Value Measurements	3.	Investments in Marketable Securities and Fair Value Measurements
	The following table reflects the assets carried at fair value measured on a recurring basis (in thousands).  There were no liabilities carried at fair value measured on a recurring basis at either March 31, 2015 or December 31, 2014:
			Total		Quoted Prices in Active Markets for Identical Assets		Significant Other Observable Inputs		Unobservable Inputs
					(Level 1)		(Level 2)		(Level 3)
	Fair values at March 31, 2015
	Assets:
	Certificate of deposit		$	250	$	–	$	250	$	–
	Fair values at December 31, 2014
	Assets:
	Certificate of deposit		$	249	$	–	$	249	$	–
	We had no unrealized gains or losses from investments as of March 31, 2015 or December 31, 2014, and there is no difference between the amortized cost and fair value of the securities we held. The carrying amounts of our cash equivalents, accounts receivable, accounts payable and accrued expenses approximates fair value because of the short-term nature of these instruments. The carrying amount of our debt outstanding under our Credit Facility (defined below) approximates fair value as a result of our amendment to the credit facility in February 2015. Our loan receivable related to our New Markets Tax Credit financing is a debt instrument that we classify as held to maturity and is recorded at amortized cost.  The carrying value of both our loan receivable and loan payable related to our New Markets Tax Credit financing approximates fair value as of March 31, 2015.  The fair value of our loan payable and loan receivable related to our New Markets Tax Credit financing was estimated using discounted cash flow analysis based on rates for similar types of arrangements and are considered Level 3 measurements.

Real_Estate_Development_Projec

Real Estate Development Project	3 Months Ended
	Mar. 31, 2015
Real Estate Development Project [Abstract]
Real Estate Development Project	4.	Real Estate Development Project
	At the end of 2011, we completed a real estate development project and moved our headquarters into two commercial buildings located in New Haven, Connecticut.  During the three months ended March 31, 2014, we received a payment of $3.5 million associated with state historic tax credits which were generated by the project.
	In connection with the project, we provided separate guarantees to each of two departments of the state of Connecticut. One guaranty relates to our obligation to repay a grant if we fail to meet certain criteria, including a specified minimum average employment level in Connecticut for the years 2015 – 2018. The other guaranty relates to our obligation to repay sales and use tax exemptions if we fail to meet certain criteria, including a minimum employment threshold.  The maximum potential amount of repayments for these guarantees is approximately $7.0 million.  During the year ended December 31, 2014, we recorded a liability, and corresponding increase in our fixed asset balance, totaling $1.3 million, which represents our best estimate of expected repayments resulting from these guarantees. A portion of the liability ($1.1 million) is recorded within deferred revenue and other non-current liabilities  as it would not be due until 2019 and the remaining balance ($0.2 million) is recorded in accrued expenses in our condensed consolidated balance sheets as of both March 31, 2015 and December 31, 2014.
	We also provided a guaranty related to tax credits that are expected to be generated by an investment made by an unrelated entity into the real estate development project. In the event that we cause a recapture or disallowance of the tax credits expected to be generated under this program, we will be required to repay the disallowed or recaptured tax credits plus an amount sufficient to pay the taxes on such repayment, to the counterparty of the guaranty agreement. This guaranty will remain in place through 2018. The maximum potential amount of future payments of this guaranty is approximately $6.0 million. We currently believe that the requirement to make a payment under this guaranty is remote and we have thus not recorded any liability on our condensed consolidated balance sheet in connection with this guaranty.

Credit_Facility

Credit Facility	3 Months Ended
	Mar. 31, 2015
Credit Facility [Abstract]
Credit Facility	5.	Credit Facility
	In October 2012, HOI entered into a five-year, $200.0 million, senior secured revolving credit facility, or the Credit Facility.
	We amended the Credit Facility in February 2015, which modified certain of the financial covenants and other terms of the agreement as follows:
		the revolving credit facility was reduced to $140.0 million, with $35.0 million of such facility reserved only for the resolution of the certain regulatory matters, as defined. The revolving credit facility subsequently reduces to $130.0 million and $120.0 million as of December 31, 2015 and 2016, respectively;
		requires us to maintain a debt to consolidated EBITDA ratio, or leverage ratio, of 2.75 to 1.00 or less for the evaluation periods from March 31, 2015 through September 30, 2016, and of 2.50 to 1.00 or less thereafter;
		requires us to maintain consolidated EBITDA, as defined in the Credit Facility, as amended, on a consolidated basis for the prior four fiscal quarters of at least the following amounts (i) $45.0 million as of March 31, 2015 and June 30, 2015, (ii) $40.0 million as of September 30, 2015 and December 31, 2015, and (iii) $35 million as of March 31, 2016 and all future evaluation periods;
		allow, at our option, amounts outstanding under the October 2012 Facility to accrue interest at a rate equal to either (i) the London Interbank Offered Rate, or LIBOR, plus a margin of 4% or (ii) a fluctuating base rate tied to the federal funds rate, the administrative agent's prime rate and LIBOR, plus a margin of 3%;
		allow for the payment of up to $75 million related to the settlement of certain regulatory matters, as defined;
		allow for the exclusion from the computation of consolidated EBITDA of up to $75 million of income statement charges related to certain regulatory matters, as defined; and
		automatically and permanently reduce the revolving credit facility, dollar for dollar up to a maximum reduction in the revolving credit facility of $20.0 million, to the extent that the loss related to those certain regulatory matters is less than $70.0 million.
	The Credit Facility permits the issuance of letters of credit of up to $20.0 million and swing line loans of up to $10.0 million to fund working capital needs.  Loans drawn under the Credit Facility are payable in a single maturity on October 16, 2017. In connection with the February 2015 Amendment, we paid down the outstanding balance of the Credit Facility by $35 million, expensed approximately $0.4 million of previously deferred financing costs and incurred new financing costs of approximately $4.5 million in February 2015, which are included in deferred costs as of March 31, 2015 in the accompanying condensed consolidated balance sheet.
	As of March 31, 2015, there were $59.0 million in borrowings outstanding, at a weighted average interest rate of 4.2%, under the Credit Facility. We are in compliance with all of the applicable affirmative, negative and financial covenants of the Credit Facility. As of March 31, 2015, our trailing twelve month consolidated EBITDA (as defined in the Credit Facility) was $57.1 million.

Commitments_and_Contingencies

Commitments and Contingencies	3 Months Ended
	Mar. 31, 2015
Commitments and Contingencies [Abstract]
Commitments and Contingencies	6.	Commitments and Contingencies
	From time to time we are subject to litigation relating to matters in the ordinary course of business, as well as regulatory examinations, information gathering requests, inquiries and investigations.
	Regulatory Examinations and Other Matters
	As previously disclosed, the Federal Reserve Bank of Chicago notified us and a former bank partner of potential violations of the Federal Trade Commission Act relating to marketing and disclosure practices related to the OneAccount during the period it was offered by such former bank partner. On May 9, 2014, the Federal Reserve Banks of Chicago (the responsible Reserve Bank for a former bank partner) and Philadelphia (the responsible Reserve Bank for a current bank partner) notified us that the Staff of the Board of Governors of the Federal Reserve System intended to recommend that the Board of Governors of the Federal Reserve System, or the Board of Governors, seek an administrative order against us with respect to asserted violations of the Federal Trade Commission Act. The cited violations relate to our activities with both a former and current bank partner and our marketing and disclosure practices related to the process by which students may select the OneAccount option for financial aid refund. We are in discussions with the Staff of the Board of Governors and the Reserve Banks on this matter. The Staff of the Board of Governors has asserted that any administrative order may seek damages, including customer restitution and civil money penalties, totaling as much as $35 million, and changes to certain of our business practices.
	Approximately 55% of the OneAccounts are held at our bank partner regulated by the FDIC and we may need to provide restitution to those OneAccounts held at that bank partner. As previously disclosed, in the event we do provide restitution to these OneAccounts on the same basis as an order from the Board of Governors, it is reasonably possible that our loss related to this matter will increase accordingly and increase our total exposure by an additional amount of approximately $35 million, or approximately $70 million in total. Related to this matter, following a recently conducted compliance examination, the San Francisco Regional Office of the FDIC notified us that it is prepared to recommend to the Director of the Division of Depositor and Consumer Protection that administrative enforcement action be taken against us for alleged violations of the Federal Trade Commission Act principally relating to our marketing and enrollment practices related to the OneAccount.  Any such enforcement action could result in orders to pay restitution and civil money penalties. We are in the process of responding to the FDIC’s notification and we believe that these allegations are similar and related to the Federal Reserve Board allegations previously disclosed and discussed above.
	During the year ended December 31, 2014, we recorded a liability of $8.75 million related to these matters, which was shown as an allowance for customer restitution on our consolidated statement of operations.  While we believe that it is probable that we will have a loss related to these regulatory matters, in view of the inherent difficulty of predicting the outcomes of regulatory matters, we cannot predict the eventual outcomes of these pending matters, the timing of the ultimate resolution of these matters or an exact amount of loss associated with these matters.  The liability, which was recorded at June 30, 2014, and continues to be recorded at March 31, 2015, reflects the minimum amount we expect to pay related to these matters, although there is a reasonable possibility that the liability will increase in future periods. The ultimate amount of restitution or civil money penalties is subject to many uncertainties and therefore impossible to predict. As disclosed in “Note 5 – Credit Facility” of our consolidated financial statements, we amended our Credit Facility in February 2015. The amendment allows, among other things, for the payment of up to $75 million in connection with the resolution of the regulatory matters described above.
	In July 2014, we received a civil investigative demand from the Office of the Attorney General of the Commonwealth of Massachusetts pursuant to the Commonwealth’s Consumer Protection Act. The Massachusetts Attorney General has informed us that its investigation relates to our debt collection practices. We have provided information requested by the civil investigative demand, which included information and records about us and certain of our business practices, particularly as they relate to Massachusetts residents, institutes of higher education and students. We cannot predict whether we will become subject to any other action by the Massachusetts Attorney General or any other state agencies.
	Consumer Class Action
	HOI and HOH were defendants in a series of putative class action lawsuits filed in 2012. The Judicial Panel on Multidistrict Litigation transferred all of these cases to the District of Connecticut for coordinated or consolidated pretrial proceedings. The proceedings are referred to as the “In re Higher One OneAccount Marketing and Sales Practices Litigation” or the MDL. Plaintiffs filed a consolidated amended complaint in the MDL that generally alleged, among other things, violations of state consumer protection statutes (predicated, in part, on alleged violations of ED rules and violations of the federal Electronic Funds Transfer Act) and various common law claims. On April 22, 2013, we filed a motion to dismiss the case, which the court denied as moot on March 11, 2014 in light of the parties' settlement, discussed below.
	In October 2013, we reached an agreement in principle on the key terms of a settlement that would resolve all of the above class action litigation that was filed against us in 2012. In February 2014, we executed a settlement agreement, the terms of which included a payment of $15.0 million to a settlement fund, an agreement to pay the cost of notice to the class, and an agreement to make and/or maintain certain practice changes. We made the payment of $15.0 million to the settlement fund in February 2014. On December 15, 2014, the Court granted final approval of the settlement. The Court also entered judgment on that day. No appeals of the judgment were filed, and the settlement has now become final. During the year ended December 31, 2013, we recorded an accrual of $16.3 million to reflect the estimated cost of the resolution, inclusive of additional legal and other administrative costs, based on the agreement in principle. This estimate is consistent with our current cost estimate based on the final, approved settlement agreement.
	Securities Class Action
	On May 27, 2014, a putative class action captioned Brian Perez v. Higher One Holdings, Inc., No. 3:14-cv-755-AWT, was filed by HOH shareholder Brian Perez in the United States District Court for the District of Connecticut. On December 17, 2014, Mr. Perez was appointed lead plaintiff. On January 20, 2015, Mr. Perez filed an amended complaint. HOH former shareholder Robert Lee was added as a named plaintiff in the amended complaint. HOH and certain employees and board members have been named as defendants. Mr. Perez and Mr. Lee generally allege that HOH and the other named defendants made certain misrepresentations in public filings and other public statements in violation of the federal securities laws and seek an unspecified amount of damages. Mr. Perez and Mr. Lee seek to represent a class of any person who purchased HOH securities between August 7, 2012 and August 6, 2014. All defendants have moved to dismiss the Complaint. HOH intends to vigorously defend itself against these allegations. HOH is currently unable to predict the outcome of this lawsuit and therefore cannot determine the likelihood of loss nor estimate a range of possible loss.
	Derivative Actions
	On March 6, 2015, HOH shareholder Jason Sabel filed a derivative action in the United States District Court for the District of Connecticut captioned Jason Sabel, derivatively on behalf of Higher One Holdings, Inc. v. Sheinbaum, et al., No. 13:15-cv-00346, against certain of HOH’s directors and executive officers and HOH as a nominal defendant.  Mr. Sabel is seeking to remedy alleged breaches of certain fiduciary duties by named directors and executive officers that allegedly occurred from approximately February 2014 to the date of the filing. This action relates to the allegations in Perez v. Higher One Holdings, Inc., the securities class action described above.  On April 17, 2015, the parties filed a joint motion to stay the action pending the outcome of the motion to dismiss the securities class action.  The motion to stay the action is pending. HOH is currently unable to predict the outcome of this lawsuit.
	On May 5, 2015, HOH shareholder Bobby Clay filed a derivative action in the United States District Court for the District of Connecticut captioned Bobby Clay, derivatively on behalf of Higher One Holdings, Inc. v. Sheinbaum, et al., No. 3:15-cv-00666, against certain of HOH’s directors and executive officers and HOH as a nominal defendant. Mr. Clay is seeking to remedy alleged breaches of certain fiduciary duties by named directors and executive officers that allegedly occurred from approximately March 2014 to the date of the filing. Like the Sabel case described above, this action relates to the allegations in Perez v. Higher One Holdings, Inc., the securities action described above. None of the defendants have been served with the Complaint.  HOH is currently unable to predict the outcome of this lawsuit.
	Cybersecurity subpoena
	The SEC has informed us that it opened an investigation on January 20, 2015 into the adequacy of our disclosures of cybersecurity risks.  In connection with this investigation into the adequacy of our disclosures, the SEC issued us a subpoena, on January 22, 2015, seeking documents related to our cybersecurity, including, among other things, documents related to cybersecurity policies, procedures, practices and training materials; risk assessments, audits, tests or reviews; monetary and other resources allocated to cybersecurity; any cybersecurity incidents and any costs or damages associated with cybersecurity incidents; and insurance policies that cover or mitigate our cybersecurity risk.  We are complying with the subpoena and are producing responsive documents to the SEC.  We are not aware of any issue or event that caused the SEC to open the investigation, but responding to an investigation of this type can be both costly and time-consuming and at this time we are unable to estimate either the likelihood of a favorable or unfavorable outcome of this matter or our potential cost or exposure.
	TouchNet
	In February 2009 and September 2010, Higher One, Inc. filed two separate complaints against TouchNet Information Systems, Inc., or TouchNet, in the United States District Court for the District of Connecticut alleging patent infringement related to TouchNet’s offering for sale and sales of its “eRefund” product in violation of two of our patents. In the complaints, we sought judgments that TouchNet has infringed two of our patents, a judgment that TouchNet pay damages and interest on damages to compensate us for infringement, an award of our costs in connection with these actions and an injunction barring TouchNet from further infringing our patents. TouchNet answered the complaint and asserted a number of defenses and counterclaims, including that it does not infringe our patent, that our patent is invalid or unenforceable and certain allegations of unfair competition and state and federal antitrust violations. In addition, TouchNet’s counterclaims sought dismissal of our claims with prejudice, declaratory judgment that TouchNet does not infringe our patent and that our patent is invalid or unenforceable, as well as an award of fees and costs related to the action, and an injunction permanently enjoining us from suing TouchNet regarding infringement of our patent. The parties are currently in the discovery stage of the proceeding. We intend to pursue the matter vigorously. There can be no assurances of our success in these proceedings.
	In accordance with applicable accounting guidance, we establish a liability for a matter of the type described above if and when it presents loss contingencies that are both probable and reasonably estimable.

Segment_Reporting

Segment Reporting	3 Months Ended
	Mar. 31, 2015
Segment Reporting [Abstract]
Segment Reporting [Text Block]	7.	Segments
	As a result of changes instituted by our chief operating decision maker in 2015, including the type of financial information being reviewed on a regular basis and the way in which resource allocation decisions are made, we now have three reportable segments, Disbursements, Payments and Data Analytics, which are organized according to the type of service that each offers to our target markets – higher education institutions and their students. Each of our reportable segments is also an operating segment and a reporting unit.  The Disbursements segment includes our Refund Management® disbursement service, which is offered to higher education institution clients, and the OneAccount, an FDIC-insured online checking account that is offered to students, as well as faculty, staff and alumni. The Payments segment includes our CASHNet® payment processing suite and our Campus Solutions suite, both of which enable higher education institutions to accept online payments, automate certain billing and processing functions and offer tuition payment plans.  The Data Analytics segment offers our Campus Labs analytics solutions suite for assessment in higher education, which combine data collection, reporting, organization and campus-wide integration.
	We allocate all revenue and all operating expenses to these three reportable segments. Shared costs, such as legal, finance, human resources and other corporate services are allocated in their entirety to the segments.  The accounting policies of the operating segments are the same as those described in the summary of significant accounting policies. Segment assets are not reviewed by the chief operating decision maker and therefore are not allocated to the reportable segments. Segment income from operations excludes interest, taxes, and other income, which are not allocated to any particular business segment.
	A summary of our segments for the three months ended March 31, 2015 and 2014 is as follows (in thousands):
			Three Months Ended March 31,
			2015			2014
	Revenue
	Disbursements		$	39,211		$	43,145
	Payments			22,297			20,062
	Data Analytics			4,010			3,349
	Total revenues		$	65,518		$	66,556
	Depreciation and amortization
	Disbursements		$	2,134		$	1,637
	Payments			2,280			2,239
	Data Analytics			756			579
	Total depreciation and amortization		$	5,170		$	4,455
	Income from operations
	Disbursements		$	8,905		$	14,631
	Payments			3,247			1,550
	Data Analytics			659			404
	Total income from operations			12,811			16,585
	Interest income			20			19
	Interest expense			(1,380	)		(823	)
	Other income			77			78
	Net income before income taxes		$	11,528		$	15,859

Subsequent_Event

Subsequent Event	3 Months Ended
	Mar. 31, 2015
Subsequent Event [Abstract]
Subsequent Events [Text Block]	8.	Subsequent Event
	In April 2015, we entered into an agreement with a third-party service provider to operate our customer care center, in order to provide live-agent, chat and interactive voice response services for the disbursements line of business, including the OneAccount product. In connection with this agreement, we plan to reduce our employee workforce across our customer care department.We expect to begin the transition to the third-party service provider in July 2015 and to substantially complete the employee reduction by November 2015. However, the timing of this transition and of certain employee reductions may vary.  We estimate we will recognize costs of approximately $1.0 million during fiscal year 2015, consisting primarily of one-time termination benefits and other charges related to this plan. Such costs are expected to be substantially accrued and paid through the end of the first quarter of 2016.

Significant_Accounting_Policie1

Significant Accounting Policies (Policies)	3 Months Ended
	Mar. 31, 2015
Significant Accounting Policies [Abstract]
Basis of Presentation and Consolidation	Basis of Presentation and Consolidation
	The accompanying unaudited condensed consolidated financial statements and the related interim information contained within the notes to such condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America, or GAAP, and the applicable rules of the Securities and Exchange Commission, or the SEC, for interim information and quarterly reports on Form 10-Q.
	The unaudited condensed consolidated financial statements have been prepared on a consistent basis with the audited consolidated financial statements included in our annual report on Form 10-K for the year ended December 31, 2014, and in the opinion of management, include all normal recurring adjustments that are necessary for the fair statement of our interim period results reported herein.  The December 31, 2014 condensed consolidated balance sheet data included in this Form 10-Q was derived from our audited financial statements but does not include all disclosures required by GAAP. Due to seasonal fluctuations and other factors, the results of operations for the three months ended March 31, 2015 are not necessarily indicative of the results to be expected for the full year.
	The unaudited condensed consolidated financial statements reflect our financial position and results of operations, including our majority and wholly-owned subsidiaries. Intercompany transactions and balances have been eliminated in consolidation.
	The preparation of financial statements in conformity with GAAP requires management to make significant estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting periods. Actual results could materially differ from management’s estimates.
Goodwill and Intangible Assets, Goodwill, Policy [Policy Text Block]	Goodwill and Intangible Assets
	Goodwill represents the excess of the fair value of consideration transferred over the fair values assigned to the underlying net identifiable assets of acquired businesses. We test goodwill for impairment annually on October 31, or whenever events or changes in circumstances indicate that impairment may have occurred, by comparing its fair value to its carrying value. Impairment may result from, among other things, deterioration in the performance of an acquired business, adverse market conditions, adverse changes in applicable laws or regulations, including changes that restrict the activities of an acquired business, and a variety of other circumstances.
	As a result of changes instituted by our chief operating decision maker (and as further described in Note 7), we now have three reportable segments: Disbursements, Payments and Data Analytics, which are organized according to the type of service that each offers to our target markets – higher education institutions and their students.   Each of these business units is also an operating segment and a reporting unit for purposes of our goodwill impairment testing.As a result of the change in our operating segments and reporting units, we have compared the fair value of our reporting units to the carrying value of our reporting units and determined that there was no impairment of goodwill.
Basic and Diluted Net Income Available to Common Stockholders per Common Share	Basic and Diluted Net Income Available to Common Stockholders per Common Share
	Basic net income per common share excludes dilution for potential common stock issuances and is computed by dividing net income available to common stockholders by the weighted-average number of common shares outstanding for the period. Diluted net income per common share reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock. For the calculation of diluted net income per common share, the basic weighted-average number of shares is increased by the dilutive effect of restricted stock, warrants and stock options using the treasury-stock method. The treasury-stock method assumes that the options or warrants are exercised at the beginning of the period (or date of issue, if later), and that we use those proceeds to purchase common stock for treasury at the average price for the reporting period.
	The effect of stock options and warrants to purchase our common stock totaling 5,063,524 and 4,175,053 were not included in the computation of diluted net income per common share for the three months ended March 31, 2015 and 2014, respectively, as their effect would be anti-dilutive. Anti-dilutive securities are securities that upon conversion or exercise increase earnings per share (or reduce the loss per share).  In periods when we recognize a net loss, we exclude the impact of outstanding stock awards from the diluted loss per share calculation as their inclusion would have an anti-dilutive effect.
Comprehensive Income	Comprehensive Income
	There are no comprehensive income items other than net income. There are no recorded unrealized gains or losses on the investments in marketable securities as of the balance sheet dates. Comprehensive income equals net income for all periods presented.
Cash and Cash Equivalents, Restricted Cash and Cash Equivalents, Policy [Policy Text Block]	Other Arrangements
	We accept payments on behalf of educational institutions and subsequently remit these payments to the education institutions. The amounts received are maintained in segregated accounts for the benefit of either the institution or the payer. There were approximately $165.7 million and $127.3 million of such funds as of March 31, 2015 and December 31, 2014, respectively. These deposits are not our funds and therefore are not included in the accompanying condensed consolidated balance sheets.
Recent Accounting Pronouncements	Recent Accounting Pronouncements
	There were no accounting standards adopted during 2014 or during the three months ended March 31, 2015 which had a material impact on our consolidated financial position, results of operations or liquidity.
	In May 2014, the Financial Accounting Standards Board, or FASB, issued Accounting Standards Update, or ASU, No. 2014-09, Revenue From Contracts With Customers, that outlines a single model for entities to use in accounting for revenue arising from contracts with customers and supersedes most current revenue recognition guidance. The ASU is based on the principle that an entity should recognize revenue to depict the transfer of goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. The ASU also requires additional disclosure about the nature, amount, timing and uncertainty of revenue and cash flows arising from customer contracts, including significant judgments and changes in judgments and assets recognized from costs incurred to fulfill a contract. Entities have the option of using either a full retrospective or a modified retrospective approach for the adoption of the new standard. This standard is currently effective for fiscal periods beginning after December 15, 2016; however, in April 2015, the FASB proposed a one-year deferral of the effective date of this standard and early adoption is prohibited. We are currently assessing the impact that this standard will have on our consolidated financial statements.
	In June 2014, the FASB issued Accounting Standards Update No. 2014-12, Accounting for Share-Based Payments When the Terms of an Award Provide That a Performance Target Could Be Achieved after the Requisite Service Period, which updated the accounting standards related to stock compensation. The update clarifies the accounting for share-based payments with a performance target that could be achieved after the requisite service period. Specifically, the update specifies the performance target should not be reflected in estimating the grant-date fair value of the award. Instead, the probability of achieving the performance target should impact vesting of the award. The standard is effective for interim and annual periods beginning after December 15, 2015 and early adoption is permitted. We do not expect the adoption of this standard to have a material effect on our financial condition and results of operations.
	In April 2015, the FASB issued Accounting Standard Update No. 2015-03, Simplifying the Presentation of Debt Issuance Costs, which requires debt issuance costs to be presented in the balance sheet as a direct deduction from the associated debt liability. This standard is effective for fiscal periods beginning after December 15, 2015 and early adoption is permitted. We do not believe this standard will have a significant impact on our consolidated financial statements or disclosures.

Investments_in_Marketable_Secu1

Investments in Marketable Securities and Fair Value Measurements (Tables)	3 Months Ended
	Mar. 31, 2015
Investments in Marketable Securities and Fair Value Measurements [Abstract]
Fair value by balance sheet grouping	The following table reflects the assets carried at fair value measured on a recurring basis (in thousands).  There were no liabilities carried at fair value measured on a recurring basis at either March 31, 2015 or December 31, 2014:
		Total		Quoted Prices in Active Markets for Identical Assets		Significant Other Observable Inputs		Unobservable Inputs
				(Level 1)		(Level 2)		(Level 3)
	Fair values at March 31, 2015
	Assets:
	Certificate of deposit	$	250	$	–	$	250	$	–
	Fair values at December 31, 2014
	Assets:
	Certificate of deposit	$	249	$	–	$	249	$	–

Segment_Reporting_Tables

Segment Reporting (Tables)	3 Months Ended
	Mar. 31, 2015
Segment Reporting [Abstract]
Schedule of Segment Reporting Information, by Segment [Table Text Block]		Three Months Ended March 31,
		2015			2014
	Revenue
	Disbursements	$	39,211		$	43,145
	Payments		22,297			20,062
	Data Analytics		4,010			3,349
	Total revenues	$	65,518		$	66,556
	Depreciation and amortization
	Disbursements	$	2,134		$	1,637
	Payments		2,280			2,239
	Data Analytics		756			579
	Total depreciation and amortization	$	5,170		$	4,455
	Income from operations
	Disbursements	$	8,905		$	14,631
	Payments		3,247			1,550
	Data Analytics		659			404
	Total income from operations		12,811			16,585
	Interest income		20			19
	Interest expense		(1,380	)		(823	)
	Other income		77			78
	Net income before income taxes	$	11,528		$	15,859

Nature_of_Business_and_Organiz1

Nature of Business and Organization (Details)	3 Months Ended
	Mar. 31, 2015
	Subsidiary
Nature of Business and Organization [Abstract]
Number of subsidiaries	2
Collective ownership held by two subsidiaries (in hundredths)	99.00%
Ownership percentage of subsidiary (in hundredths)	98.00%

Significant_Accounting_Policie2

Significant Accounting Policies (Details) (USD $)	3 Months Ended
In Millions, except Share data, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014	Dec. 31, 2014
	Segment
Significant Accounting Policies [Abstract]
Funds accepted on behalf of others	$165.70		$127.30
Number of Reporting Units	3
Stock options
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Shares excluded from calculation of earnings per share (in shares)	5,063,524	4,175,053

Investments_in_Marketable_Secu2

Investments in Marketable Securities and Fair Value Measurements (Details) (Recurring [Member], USD $)	Mar. 31, 2015	Dec. 31, 2014
In Thousands, unless otherwise specified
Asset [Abstract]
Certificate of deposit	$250	$249
Assets, Fair Value Disclosure, Total	250	249
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member]
Asset [Abstract]
Certificate of deposit	0	0
Assets, Fair Value Disclosure, Total	0	0
Significant Other Observable Inputs (Level 2) [Member]
Asset [Abstract]
Certificate of deposit	250	249
Assets, Fair Value Disclosure, Total	250	249
Unobservable Inputs (Level 3) [Member]
Asset [Abstract]
Certificate of deposit	0	0
Assets, Fair Value Disclosure, Total	$0	$0

Real_Estate_Development_Projec1

Real Estate Development Project (Details) (USD $)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014	Dec. 31, 2014
	Guarantee
	Building
Real Estate Development Project [Abstract]
Proceeds From Development Related Subsidies	$0	$3,468,000
Number of existing buildings to develop	2
Number of guarantees related to project development	2
Guarantor Obligations, Current Carrying Value			1,300,000
GuaranteeObligationsCurrent	200,000
GuaranteeObligationsLT	1,100,000
Department of Economic and Community Development [Member]
Guarantor Obligations [Line Items]
Maximum guaranty amount	7,000,000
Tax Credits [Member]
Guarantor Obligations [Line Items]
Maximum guaranty amount	$6,000,000

Credit_Facility_Details

Credit Facility (Details) (USD $)	3 Months Ended			12 Months Ended
	Mar. 31, 2015	Mar. 31, 2014	Dec. 31, 2015	Mar. 31, 2016	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2016
Line of Credit Facility [Line Items]
Settlement Which Could Cause Default	$75,000,000
Trailing 12 Month EBITDA	57,100,000							57,100,000
Repayments of Lines of Credit	35,000,000	10,000,000
Revolving credit facility [Member]
Line of Credit Facility [Line Items]
Term of credit facility	5 years
Maximum borrowing capacity under credit facility	200,000,000							200,000,000
Line of Credit Facility, Amount Outstanding	59,000,000							59,000,000
Interest rate during period (in hundredths)	4.20%
Debt Instrument, Maturity Date	16-Oct-17
Minimum EBITDA	45,000,000
Letter of credit [Member]
Line of Credit Facility [Line Items]
Maximum amount permitted for issuance	20,000,000							20,000,000
Swing line loans [Member]
Line of Credit Facility [Line Items]
Maximum amount permitted for issuance	10,000,000							10,000,000
Feb 2015 Amendment [Member]
Line of Credit Facility [Line Items]
Maximum amount permitted for issuance	140,000,000		130,000,000		130,000,000			140,000,000	120,000,000
Minimum EBITDA				35,000,000	40,000,000	40,000,000	45,000,000	45,000,000
Maximum Debt to Consolidated EBITDA ratio through 9/30/16	275.00%
Maximum Debt To Consolidated EBITDA Ratio After 9/30/16	250.00%
Permitted Settlement Related to Regulatory Matters	75,000,000							75,000,000
Permitted Exclusion from Computation of EBITDA	75,000,000							75,000,000
Maximum Reduction of Revolving Credit Facility	20,000,000							20,000,000
Limit Which Triggers Reduction in Revolving Credit Facility	70,000,000							70,000,000
Deferred financing costs	4,456,000
Repayments of Lines of Credit	35,000,000
Gains (Losses) on Extinguishment of Debt, before Write off of Deferred Debt Issuance Cost			400,000
Feb 2015 Amendment [Member] | Maximum [Member] | Facility Base Rate [Member]
Line of Credit Facility [Line Items]
Basis spread on variable rate (in hundredths)	3.00%
Feb 2015 Amendment [Member] | Maximum [Member] | Eurodollar Rate [Member]
Line of Credit Facility [Line Items]
Basis spread on variable rate (in hundredths)	4.00%
Feb 2015 Amendment - Regulatory Reserve [Member]
Line of Credit Facility [Line Items]
Maximum amount permitted for issuance	$35,000,000							$35,000,000

Commitments_and_Contingencies_

Commitments and Contingencies (Details) (USD $)	3 Months Ended		12 Months Ended
	Mar. 31, 2015	Mar. 31, 2014	Dec. 31, 2014	Dec. 31, 2013
	Complaint
	Patent
Commitments and Contingencies [Abstract]
Potential Federal Reserve Restitution	$35,000,000
Potential FDIC Restitution	35,000,000
Potential Total Restitution	70,000,000
Sales Allowances, Services			8,750,000
Gain (Loss) Related to Litigation Settlement				16,300,000
Settlement Amount		$15,000,000
Number Of Complaints	2
Number of patents violated	2

Segment_Reporting_Details

Segment Reporting (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Segment Reporting Information [Line Items]
Revenue, Net	$65,518	$66,556
Other Depreciation and Amortization	5,170	4,455
Operating Income (Loss)	12,811	16,585
Interest income	20	19
Interest expense	-1,380	-823
Other Nonoperating Income (Expense), Total	77	78
Net income before income taxes	11,528	15,859
one_Disbursements [Member]
Segment Reporting Information [Line Items]
Revenue, Net	39,211	43,145
Other Depreciation and Amortization	2,134	1,637
Operating Income (Loss)	8,905	14,631
one_Payments [Member]
Segment Reporting Information [Line Items]
Revenue, Net	22,297	20,062
Other Depreciation and Amortization	2,280	2,239
Operating Income (Loss)	3,247	1,550
one_Data Analytics [Member]
Segment Reporting Information [Line Items]
Revenue, Net	4,010	3,349
Other Depreciation and Amortization	756	579
Operating Income (Loss)	$659	$404

Subsequent_Event_Details

Subsequent Event (Details) (Subsequent Event [Member], USD $)	12 Months Ended
In Millions, unless otherwise specified	Dec. 31, 2015
Subsequent Event [Member]
Subsequent Event [Line Items]
one_Additional2015costs	$1