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ACQUISITIONS (Tables)
3 Months Ended
Mar. 31, 2014
Acquisitions  
Schedule of unaudited pro forma consolidated results of operations

 

 

 

 

Three months ended
March 31, 2013

 

(in thousands, except per share amounts)

 

As reported

 

Pro forma

 

Revenue

 

$

148,827

 

$

197,246

 

Net income attributable to Altisource

 

27,518

 

28,052

 

Earnings per share — diluted

 

1.10

 

1.12

 

Homeward servicing portfolio
 
Acquisitions  
Schedule of the adjusted allocation of the purchase price

 

 

(in thousands)

 

 

 

 

 

 

 

Premises and equipment

 

$

1,559

 

Customer relationship

 

75,609

 

Goodwill

 

2,039

 

 

 

79,207

 

Accounts payable and accrued expenses

 

(3,390

)

 

 

 

 

 

Purchase price

 

$

75,817

 

Schedule of estimated life of identified assets acquired

 

 

Estimated life
(in years)

 

 

 

 

 

Premises and equipment

 

3 - 5

 

Customer relationship

 

7

 

Equator
 
Acquisitions  
Schedule of the adjusted allocation of the purchase price

 

 

(in thousands)

 

 

 

 

 

 

 

Accounts receivable

 

$

9,293

 

Prepaid expenses and other current assets

 

954

 

Premises and equipment

 

16,974

 

Customer relationships and trade names

 

43,393

 

Goodwill

 

82,460

 

Other non-current assets

 

242

 

Assets acquired

 

153,316

 

Accounts payable and accrued expenses

 

(7,232

)

Deferred revenue

 

(36,689

)

Liabilities assumed

 

(43,921

)

 

 

 

 

Purchase price

 

$

109,395

 

 

Schedule of estimated life of identified assets acquired

 

 

 

 

Estimated
life

(in years)

 

 

 

 

 

Premises and equipment (excluding internally developed software)

 

3 - 5

 

Internally developed software (included in premises and equipment)

 

7

 

Customer relationships

 

7 - 15

 

Trade names

 

4