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ACQUISITIONS (Tables)
6 Months Ended
Jun. 30, 2013
ACQUISITIONS  
Schedule of the preliminary adjusted allocation of the purchase price

 

 

(in thousands)

 

 

 

 

 

 

 

Due from Ocwen

 

$

9,558

 

Premises and equipment

 

2,749

 

Customer relationship

 

77,648

 

 

 

89,955

 

Accounts payable and accrued expenses

 

(3,005

)

Purchase price

 

$

86,950

 

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

 

 

 

Estimated
life

(in years)

 

 

 

 

 

Premises and equipment

 

2 - 5

 

Customer relationship

 

7

 

Schedule of unaudited pro forma condensed consolidated results of operations

 

 

 

 

Six months ended
June 30, 2013

 

(in thousands, except per share amounts)

 

As reported

 

Pro forma

 

Revenue

 

$

334,937

 

$

368,428

 

Net income attributable to Altisource

 

58,449

 

64,980

 

Earnings per share — diluted

 

2.34

 

2.61

 

 

 

 

Six months ended
June 30, 2012

 

(in thousands, except per share amounts)

 

As reported

 

Pro forma

 

Revenue

 

$

283,271

 

$

356,196

 

Net income attributable to Altisource

 

53,310

 

67,963

 

Earnings per share — diluted

 

2.15

 

2.73

 

 

 

 

Three months ended
June 30, 2012

 

(in thousands, except per share amounts)

 

As reported

 

Pro forma

 

Revenue

 

$

144,205

 

$

180,668

 

Net income attributable to Altisource

 

28,081

 

35,437

 

Earnings per share — diluted

 

1.13

 

1.43