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ACQUISITIONS (Tables)
3 Months Ended
Mar. 31, 2013
ACQUISITIONS  
Schedule of the preliminary allocation of purchase price

 

 

(in thousands)

 

 

 

 

 

 

 

Cash

 

$

4,500

 

Accounts receivable

 

7,221

 

Receivable from Ocwen

 

318

 

Prepaid expenses and other current assets

 

347

 

Premises and equipment

 

9

 

Customer relationship

 

80,388

 

 

 

92,783

 

Accounts payable and accrued expenses

 

(3,352

)

Payable to Ocwen

 

(2,481

)

Purchase price

 

$

86,950

 

Schedule of estimated life of identified assets acquired as a result of acquisitions

 

(in thousands)

 

Estimated
life
(in years)

 

 

 

 

 

Premises and equipment

 

2 - 5

 

Customer relationship

 

7

 

Schedule of unaudited pro forma condensed consolidated results of operations

 

 

 

 

Three months ended
March 31, 2013

 

(in thousands, except per share amounts)

 

As reported

 

Pro forma

 

Revenue

 

$

148,827

 

$

170,485

 

Net income attributable to Altisource

 

27,518

 

32,815

 

Earnings per share — diluted

 

1.10

 

1.31

 

 

 

 

Three months ended
March 31, 2012

 

(in thousands, except per share amounts)

 

As reported

 

Pro forma

 

Revenue

 

$

139,066

 

$

163,695

 

Net income attributable to Altisource

 

25,229

 

32,868

 

Earnings per share — diluted

 

1.02

 

1.32