XML 23 R42.htm IDEA: XBRL DOCUMENT v2.4.0.8
SEGMENT REPORTING (Tables)
6 Months Ended
Jun. 30, 2014
SEGMENT REPORTING  
Schedule of financial information of segments

 

 

 

 

Three months ended June 30, 2014

 

 

 

 

 

 

 

 

 

Corporate

 

 

 

 

 

Mortgage

 

Financial

 

Technology

 

Items and

 

Consolidated

 

(in thousands)

 

Services

 

Services

 

Services

 

Eliminations

 

Altisource

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenue

 

$

221,344

 

$

25,476

 

$

57,983

 

$

(8,731

)

$

296,072

 

Cost of revenue

 

128,919

 

16,058

 

46,906

 

(7,884

)

183,999

 

Gross profit

 

92,425

 

9,418

 

11,077

 

(847

)

112,073

 

Selling, general and administrative expenses

 

23,472

 

4,773

 

7,533

 

13,243

 

49,021

 

Income from operations

 

68,953

 

4,645

 

3,544

 

(14,090

)

63,052

 

Other income (expense), net

 

80

 

12

 

(106

)

(4,813

)

(4,827

)

Income before income taxes and non-controlling interests

 

$

69,033

 

$

4,657

 

$

3,438

 

$

(18,903

)

$

58,225

 

 

 

 

Three months ended June 30, 2013

 

 

 

 

 

 

 

 

 

Corporate

 

 

 

 

 

Mortgage

 

Financial

 

Technology

 

Items and

 

Consolidated

 

(in thousands)

 

Services

 

Services

 

Services

 

Eliminations

 

Altisource

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenue

 

$

144,210

 

$

23,072

 

$

24,783

 

$

(5,955

)

$

186,110

 

Cost of revenue

 

89,078

 

13,807

 

19,407

 

(5,320

)

116,972

 

Gross profit

 

55,132

 

9,265

 

5,376

 

(635

)

69,138

 

Selling, general and administrative expenses

 

12,590

 

3,534

 

3,028

 

10,676

 

29,828

 

Income from operations

 

42,542

 

5,731

 

2,348

 

(11,311

)

39,310

 

Other income (expense), net

 

61

 

(5

)

(1

)

(4,880

)

(4,825

)

Income before income taxes and non-controlling interests

 

$

42,603

 

$

5,726

 

$

2,347

 

$

(16,191

)

$

34,485

 

 

 

 

Six months ended June 30, 2014

 

 

 

 

 

 

 

 

 

Corporate

 

 

 

 

 

Mortgage

 

Financial

 

Technology

 

Items and

 

Consolidated

 

(in thousands)

 

Services

 

Services

 

Services

 

Eliminations

 

Altisource

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenue

 

$

397,120

 

$

49,761

 

$

105,487

 

$

(17,027

)

$

535,341

 

Cost of revenue

 

231,723

 

30,671

 

84,671

 

(15,261

)

331,804

 

Gross profit

 

165,397

 

19,090

 

20,816

 

(1,766

)

203,537

 

Selling, general and administrative expenses

 

42,666

 

9,436

 

14,127

 

26,326

 

92,555

 

Income from operations

 

122,731

 

9,654

 

6,689

 

(28,092

)

110,982

 

Other income (expense), net

 

128

 

11

 

(122

)

(9,573

)

(9,556

)

Income before income taxes and non-controlling interests

 

$

122,859

 

$

9,665

 

$

6,567

 

$

(37,665

)

$

101,426

 

 

 

 

Six months ended June 30, 2013

 

 

 

 

 

 

 

 

 

Corporate

 

 

 

 

 

Mortgage

 

Financial

 

Technology

 

Items and

 

Consolidated

 

(in thousands)

 

Services

 

Services

 

Services

 

Eliminations

 

Altisource

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenue

 

$

261,658

 

$

39,408

 

$

45,014

 

$

(11,143

)

$

334,937

 

Cost of revenue

 

161,447

 

25,833

 

36,519

 

(9,865

)

213,934

 

Gross profit

 

100,211

 

13,575

 

8,495

 

(1,278

)

121,003

 

Selling, general and administrative expenses

 

18,048

 

6,384

 

4,893

 

19,183

 

48,508

 

Income from operations

 

82,163

 

7,191

 

3,602

 

(20,461

)

72,495

 

Other income (expense), net

 

(112

)

(8

)

3

 

(7,215

)

(7,332

)

Income before income taxes and non-controlling interests

 

$

82,051

 

$

7,183

 

$

3,605

 

$

(27,676

)

$

65,163

 

 

 

 

 

 

 

 

 

 

Corporate

 

 

 

 

 

Mortgage

 

Financial

 

Technology

 

Items and

 

Consolidated

 

(in thousands)

 

Services

 

Services

 

Services

 

Eliminations

 

Altisource

 

 

 

 

 

 

 

 

 

 

 

 

 

Total assets:

 

 

 

 

 

 

 

 

 

 

 

June 30, 2014

 

$

309,043

 

$

59,290

 

$

231,440

 

$

111,227

 

$

711,000

 

December 31, 2013

 

310,253

 

55,930

 

277,941

 

85,928

 

730,052

 

 

Schedule of premises and equipment, net by country

 

 

 

 

June 30,

 

December 31,

 

(in thousands)

 

2014

 

2013

 

 

 

 

 

 

 

United States

 

$

74,065

 

$

63,615

 

India

 

17,855

 

16,404

 

Luxembourg

 

5,264

 

3,217

 

Philippines

 

3,778

 

4,016

 

 

 

 

 

 

 

Total

 

$

100,962

 

$

87,252