QUARTERLY FINANCIAL DATA (UNAUDITED)

12 Months Ended

Dec. 31, 2012

QUARTERLY FINANCIAL DATA (UNAUDITED)

QUARTERLY FINANCIAL DATA (UNAUDITED)

22.  QUARTERLY FINANCIAL DATA (UNAUDITED)

The following tables contain selected unaudited statement of operations information for each quarter of 2012 and 2011. The following information reflects all normal recurring adjustments necessary for a fair presentation of the information for the periods presented. The operating results for any quarter are not necessarily indicative of results for any future period. Our business is affected by seasonality.

Unaudited quarterly results are as follows:

	2012 quarter ended(1)
(in thousands, except per share data)	December 31,		September 30,		June 30,		March 31,
Revenue	$	141,101	$	143,988	$	144,205	$	139,066
Gross profit	53,685		49,701		51,467		47,306
Income before income taxes and non-controlling interests	31,599		30,982		32,128		29,940
Net income	31,354		28,084		29,352		27,121
Net income attributable to Altisource	30,293		27,024		28,081		25,229
Net income per share
Basic	$	1.30	$	1.16	$	1.20	$	1.08
Diluted	$	1.20	$	1.08	$	1.13	$	1.02
Weighted average shares outstanding
Basic	23,389		23,338		23,316		23,381
Diluted	25,162		25,016		24,846		24,844

	2011 quarter ended(1)
(in thousands, except per share data)	December 31,		September 30,		June 30,		March 31,
Revenue	$	131,956	$	109,793	$	93,268	$	88,670
Gross profit	47,492		36,454		30,171		33,721
Income before income taxes and non-controlling interests	30,757		20,805		16,537		17,811
Net income	28,191		18,962		14,690		16,124
Net income attributable to Altisource	25,731		17,171		13,385		14,825
Net income per share
Basic	$	1.09	$	0.71	$	0.54	$	0.60
Diluted	$	1.02	$	0.67	$	0.52	$	0.57
Weighted average shares outstanding
Basic	23,692		24,341		24,625		24,845
Diluted	25,142		25,489		25,773		25,928

(1) The sum of quarterly amounts, including per share amounts, may not equal amounts reported for year-to-date periods.  This is due to the effects of rounding and changes in the number of weighted-average shares outstanding for each period.