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Segment Reporting
 6 Months Ended
Jun. 30, 2014
Segment Reporting [Abstract]  
Segment Reporting
Segment Reporting

As a result of the divestiture activity during the six months ended June 30, 2014, the Company now reviews, manages and operates its business in only three segments: Corporate, Financial Intermediary, and Cloud SaaS. Corporate operating results include mortgage securities retained from securitizations, corporate general and administrative expenses, and, for 2013 only, the operating results of CorvisaCloud, as these results were not significant during the six and three months ended June 30, 2013. The Financial Intermediary segment consists of the financial settlement service fee income and related expenses from a wholly-owned subsidiary of the Company, Advent. The Cloud SaaS segment represents service fee income and related expenses from the Company's wholly-owned subsidiary, CorvisaCloud. Management evaluates segment performance based on income before income taxes, which is prior to the allocation of losses attributable to the noncontrolling interests.
   
The following is a summary of the operating results of the Company's segments for the six months ended June 30, 2014 and 2013 and a summary of their financial positions as of June 30, 2014 and December 31, 2013 (dollars in thousands):
 
Corporate
 
Financial Intermediary
 
Cloud SaaS
 
Eliminations
 
Total
For the Six Months Ended June 30, 2014
 
 
 
 
 
Service fee income
$
5,189

 
8,216

 
$
1,526

 
$
(4,328
)
 
$
10,603

Interest income
3,407

 
—

 
—

 
(11
)
 
3,396

Interest expense
1,594

 
1

 
9

 
(9
)
 
1,595

Depreciation and amortization expense (A)
518

 
$
93

 
207

 
—

 
818

Loss from continuing operations before income taxes
(2,259
)
 
$
1,097

 
(3,644
)
 
(1,822
)
 
(6,628
)
Additions to long-lived assets (B)
302

 
$
38

 
713

 
—

 
1,053

 
 
 
 
 
 
 
 
 
 
As of June 30, 2014
 
 
 
 
 
Total assets (C)
$
65,056

 
$
2,626

 
$
11,096

 
$
(7,982
)
 
$
70,796

 
 
 
 
 
 
 
 
 
 

(A)
Amounts related to continuing operations are included in the cost of services and selling, general and administrative expense line items on the condensed consolidated statements of operations, while amounts related to discontinued operations are included in the (loss) income from discontinued operations, net of income taxes.
(B)
Amount includes assets acquired under capital leases.
(C)
Amount includes $1.0 million in cash and cash equivalents not classified as held for sale. See Note 3 for additional information regarding the classification of Advent as held for sale.

 
Corporate
 
Financial Intermediary
 
Eliminations
 
Discontinued Operations (C)
 
Total
For the Six Months Ended June 30, 2013
 
 
 
 
 
Service fee income
$
4,452

 
8,091

 
$
(4,173
)
 
$
—

 
$
8,370

Interest income
2,725

 
—

 
(320
)
 
—

 
2,405

Interest expense
1,583

 
308

 
(307
)
 
—

 
1,584

Depreciation and amortization expense (A)
413

 
$
127

 
—

 
—

 
540

Loss from continuing operations before income taxes
(3,156
)
 
$
633

 
(3,142
)
 
—

 
(5,665
)
Additions to long-lived assets
1,577

 
$
162

 
—

 
—

 
1,739

 
 
 
 
 
 
 
 
 
 
As of December 31, 2013
 
 
 
 
 
Total assets (B)(D)(E)
$
25,535

 
$
3,983

 
$
(8,510
)
 
$
13,034

 
$
34,042

 
 
 
 
 
 
 
 
 
 
(A)
Amounts related to continuing operations are included in the cost of services and selling, general and administrative expense line items on the condensed consolidated statements of operations, while amounts related to discontinued operations are included in the (loss) income from discontinued operations, net of income taxes.
(B)
Total assets of discontinued operations includes goodwill of $3.2 million resulting from the acquisition of StreetLinks.
(C)
See Note 3 for additional information regarding the financial position and operating results of discontinued operations.
(D)
Corporate segment includes Cloud SaaS assets of $1.9 million as of December 31, 2013.
(E)
Amount includes $1.5 million in cash and cash equivalents not classified as held for sale. See Note 3 for additional information regarding the classification of Advent as held for sale.


The intersegment service fee income for the six and three months ended June 30, 2014 includes fees charged by the Corporate segment to the Appraisal Management, Financial Intermediary, and Cloud SaaS segments for operational support provided by the Corporate segment's employees. The intersegment interest income and interest expense consists of interest charged by the Corporate segment to the Appraisal Management, Financial Intermediary, and Cloud SaaS segments for borrowings. For the six months ended June 30, 2013, the intersegment service fee income and interest amounts also include fees charged to the Logistics segment.

The following is a summary of the operating results of the Company's segments for the three months ended June 30, 2014 and 2013 (dollars in thousands):

 
Corporate
 
Financial Intermediary
 
Cloud SaaS
 
Eliminations
 
Total
For the Three Months Ended June 30, 2014
 
 
 
 
 
 
 
Service fee income
$
2,499

 
$
1,335

 
$
674

 
$
(1,576
)
 
$
2,932

Interest income
1,610

 
—

 
—

 
—

 
1,610

Interest expense
799

 
1

 
—

 
(1
)
 
799

Depreciation and amortization expense (A)
265

 
49

 
108

 
—

 
422

Loss income from continuing operations before income taxes
(1,446
)
 
(1,507
)
 
(2,265
)
 
(289
)
 
(5,507
)
Additions to long-lived assets (B)
170

 
—

 
467

 
—

 
637

 
 
 
 
 
 
 
 
 
 
(A)
Amounts related to continuing operations are included in the cost of services and selling, general and administrative expense line items on the condensed consolidated statements of operations, while amounts related to discontinued operations are included in the (loss) income from discontinued operations, net of income taxes.
(B)
Amount includes assets acquired under capital leases.

 
Corporate
 
Financial Intermediary
 
Eliminations
 
Total
For the Three Months Ended June 30, 2013
 
 
 
Service fee income
$
2,250

 
1,471

 
$
(2,068
)
 
$
1,653

Interest income
1,546

 
—

 
(58
)
 
1,488

Interest expense
799

 
52

 
(51
)
 
800

Depreciation and amortization expense (A)
230

 
$
68

 
—

 
298

Loss from continuing operations before income taxes
(2,055
)
 
$
(652
)
 
(1,645
)
 
(4,352
)
Additions to long-lived assets (B)
326

 
$
79

 
—

 
405

 
 
 
 
 
 
 
 
(A)
Amounts related to continuing operations are included in the cost of services and selling, general and administrative expense line items on the condensed consolidated statements of operations, while amounts related to discontinued operations are included in the (loss) income from discontinued operations, net of income taxes.
(B)
Amount includes assets acquired under capital leases.