XML 34 R50.htm IDEA: XBRL DOCUMENT v2.4.0.6
SEGMENT REPORTING (Tables)
12 Months Ended
Dec. 31, 2012
SEGMENT REPORTING  
Schedule of financial information of segments

 

 

 

 

For the year ended December 31, 2012

 

 

 

 

 

 

 

 

 

Corporate

 

 

 

 

 

Mortgage

 

Financial

 

Technology

 

Items and

 

Consolidated

 

(in thousands)

 

Services

 

Services

 

Services

 

Eliminations

 

Altisource

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenue

 

$

452,796

 

$

64,522

 

$

74,189

 

$

(23,147

)

$

568,360

 

Cost of revenue

 

285,586

 

46,737

 

54,634

 

(20,756

)

366,201

 

Gross profit

 

167,210

 

17,785

 

19,555

 

(2,391

)

202,159

 

Selling, general and administrative expenses

 

25,099

 

13,415

 

8,888

 

27,310

 

74,712

 

Income from operations

 

142,111

 

4,370

 

10,667

 

(29,701

)

127,447

 

Other expense, net

 

(1,713

)

(27

)

(25

)

(1,033

)

(2,798

)

Income before income taxes and non-controlling interests

 

$

140,398

 

$

4,343

 

$

10,642

 

$

(30,734

)

$

124,649

 

 

 

 

For the year ended December 31, 2011

 

 

 

 

 

 

 

 

 

Corporate

 

 

 

 

 

Mortgage

 

Financial

 

Technology

 

Items and

 

Consolidated

 

(in thousands)

 

Services

 

Services

 

Services

 

Eliminations

 

Altisource

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenue

 

$

311,921

 

$

71,181

 

$

56,094

 

$

(15,509

)

$

423,687

 

Cost of revenue

 

202,035

 

51,096

 

36,874

 

(14,156

)

275,849

 

Gross profit

 

109,886

 

20,085

 

19,220

 

(1,353

)

147,838

 

Selling, general and administrative expenses

 

15,278

 

15,634

 

4,867

 

26,352

 

62,131

 

Income from operations

 

94,608

 

4,451

 

14,353

 

(27,705

)

85,707

 

Other (expense) income, net

 

248

 

(34

)

(49

)

38

 

203

 

Income before income taxes and non-controlling interests

 

$

94,856

 

$

4,417

 

$

14,304

 

$

(27,667

)

$

85,910

 

 

 

 

For the year ended December 31, 2010

 

 

 

 

 

 

 

 

 

Corporate

 

 

 

 

 

Mortgage

 

Financial

 

Technology

 

Items and

 

Consolidated

 

(in thousands)

 

Services

 

Services

 

Services

 

Eliminations

 

Altisource

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenue

 

$

187,133

 

$

77,617

 

$

52,013

 

$

(15,385

)

$

301,378

 

Cost of revenue

 

117,691

 

56,575

 

28,909

 

(14,116

)

189,059

 

Gross profit

 

69,442

 

21,042

 

23,104

 

(1,269

)

112,319

 

Selling, general and administrative expenses

 

13,718

 

20,739

 

4,985

 

17,910

 

57,352

 

Income from operations

 

55,724

 

303

 

18,119

 

(19,179

)

54,967

 

Other (expense) income, net

 

781

 

(50

)

(60

)

133

 

804

 

Income before income taxes and non-controlling interests

 

$

56,505

 

$

253

 

$

18,059

 

$

(19,046

)

$

55,771

 

 

(in thousands)

 

Mortgage
Services

 

Financial
Services

 

Technology
Services

 

Corporate
Items and
Eliminations

 

Consolidated
Altisource

 

 

 

 

 

 

 

 

 

 

 

 

 

Total Assets:

 

 

 

 

 

 

 

 

 

 

 

December 31, 2012

 

$

132,924

 

$

37,782

 

$

64,570

 

$

193,950

 

$

429,226

 

December 31, 2011

 

$

112,780

 

$

41,276

 

$

32,279

 

$

37,824

 

$

224,159