Discover 2011 Annual Report Download - page 145
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133
16. Other Income and Other Expense
Income from fee products includes the following components (dollars in thousands):
Payment protection
Identity theft protection
Other fee products
Total fee products
For the Years Ended November 30,
2011
$ 241,334
101,709
85,150
$ 428,193
2010 (1)
$ 234,158
99,873
78,466
$ 412,497
2009
$ 125,621
92,557
76,888
$ 295,066
(1) The amounts at November 30, 2011 and 2010 include income from securitized loans as a result of the consolidation of the securitization trusts upon adoption of Statement
No. 167 on December 1, 2009. See Note 2: Change in Accounting Principle for more information.
Total other income includes the following components (dollars in thousands):
Royalty and licensee revenue
Transition service agreement revenue
Gain from sales of merchant contracts
Adjustments related to loans sold and held for sale
Other income
Total other income
For the Years Ended November 30,
2011
$ 72,003
26,588
10,526
4,675
48,644
$ 162,436
2010
$ 70,645
—
13,688
(23,307)
28,782
$ 89,808
2009
$ 72,636
—
17,511
—
48,655
$ 138,802
Total other expense includes the following components (dollars in thousands):
Postage
Fraud losses
Supplies
Credit related inquiry fees
Other expense
Total other expense
For the Years Ended November 30,
2011
$ 82,441
72,197
22,686
16,631
145,238
$ 339,193
2010
$ 82,951
43,948
19,852
14,218
84,928
$ 245,897
2009
$ 92,914
58,383
23,313
16,923
142,300
$ 333,833
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