XML 59 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS        
Revenue $ 296,072 $ 186,110 $ 535,341 $ 334,937
Cost of revenue 183,999 116,972 331,804 213,934
Gross profit 112,073 69,138 203,537 121,003
Selling, general and administrative expenses 49,021 29,828 92,555 48,508
Income from operations 63,052 39,310 110,982 72,495
Other income (expense), net:        
Interest expense (4,784) (4,902) (9,560) (8,114)
Other income (expense), net (43) 77 4 782
Total other income (expense), net (4,827) (4,825) (9,556) (7,332)
Income before income taxes and non-controlling interests 58,225 34,485 101,426 65,163
Income tax provision (3,493) (2,417) (6,548) (4,568)
Net income 54,732 32,068 94,878 60,595
Net income attributable to non-controlling interests (631) (1,137) (1,146) (2,146)
Net income attributable to Altisource 54,101 30,931 93,732 58,449
Earnings per share:        
Basic (in dollars per share) $ 2.45 $ 1.34 $ 4.20 $ 2.51
Diluted (in dollars per share) $ 2.24 $ 1.25 $ 3.84 $ 2.34
Weighted average shares outstanding:        
Basic (in shares) 22,089 23,161 22,301 23,267
Diluted (in shares) 24,166 24,823 24,415 24,940
Transactions with related parties included above:        
Revenue 179,027 121,234 324,585 211,332
Cost of revenue 9,554 5,087 16,842 8,914
Selling, general and administrative expenses (489) (30) (731) (284)
Other income       $ 773