XML 49 R4.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
Revenue $ 143,988 $ 109,793 $ 427,259 $ 291,731
Cost of revenue 94,287 73,339 278,785 191,385
Gross profit 49,701 36,454 148,474 100,346
Selling, general and administrative expenses 18,452 15,329 54,485 45,487
Income from operations 31,249 21,125 93,989 54,859
Other (expense) income, net (267) (320) (939) 294
Income before income taxes and non-controlling interests 30,982 20,805 93,050 55,153
Income tax provision (2,898) (1,843) (8,493) (5,377)
Net income 28,084 18,962 84,557 49,776
Net income attributable to non-controlling interests (1,060) (1,791) (4,223) (4,395)
Net income attributable to Altisource 27,024 17,171 80,334 45,381
Earnings per share:        
Basic (in dollars per share) $ 1.16 $ 0.71 $ 3.44 $ 1.84
Diluted (in dollars per share) $ 1.08 $ 0.67 $ 3.23 $ 1.76
Weighted average shares outstanding:        
Basic (in shares) 23,338 24,341 23,347 24,602
Diluted (in shares) 25,016 25,489 24,895 25,720
Transactions with related parties included above:        
Revenue 86,558 63,827 257,491 166,311
Selling, general and administrative expenses $ 621 $ 506 $ 1,801 $ 1,352