Segment Reporting

12 Months Ended

Dec. 31, 2011

Segment Reporting [Abstract]

SEGMENT REPORTING

19. SEGMENT REPORTING

Our business segments are based upon our organizational structure which focuses primarily on the services offered and are consistent with the internal reporting that we use to evaluate operating performance and to assess the allocation of our resources by our Chief Executive Officer.

We classify our businesses into three reportable segments. Mortgage Services consists of mortgage portfolio management services that span the mortgage lifecycle. Financial Services principally consists of unsecured asset recovery and customer relationship management. Technology Services consists of modular, comprehensive integrated technological solutions for loan servicing, vendor management and invoice presentment and payment as well as providing infrastructure support. In addition, our Corporate Items and Eliminations segment includes eliminations of transactions between the reporting segments and this segment also includes costs recognized by us related to corporate support functions such as executive, finance, legal, human resources, vendor management and six sigma. Prior to the date of Separation, this segment included expenditures recognized by us related to the Separation.

Financial information for our segments is as follows:

		September 30,		September 30,			September 30,			September 30,			September 30,
	For the Year Ended December 31, 2011
									Corporate
	Mortgage		Financial			Technology			Items and			Consolidated
(in thousands)	Services		Services			Services			Eliminations			Altisource
Revenue	$	311,921	$	71,181		$	56,094		$	(15,509	)	$	423,687
Cost of Revenue		202,035		51,096			36,874			(14,156	)		275,849
Gross Profit		109,886		20,085			19,220			(1,353	)		147,838
Selling, General and Administrative Expenses		15,278		15,634			4,867			26,352			62,131
Income (Loss) from Operations		94,608		4,451			14,353			(27,705	)		85,707
Other Income (Expense), net		248		(34	)		(49	)		38			203
Income (Loss) Before Income Taxes	$	94,856	$	4,417		$	14,304		$	(27,667	)	$	85,910
Transactions with Related Parties:
Revenue	$	223,184	$	266		$	21,812		$	—		$	245,262
Selling, General and Administrative Expenses	$	—	$	—		$	—		$	1,893		$	1,893

		September 30,		September 30,			September 30,			September 30,			September 30,
	For the Year Ended December 31, 2010
									Corporate
	Mortgage		Financial			Technology			Items and			Consolidated
(in thousands)	Services		Services			Services			Eliminations			Altisource
Revenue	$	187,133	$	77,617		$	52,013		$	(15,385	)	$	301,378
Cost of Revenue		117,691		56,575			28,909			(14,116	)		189,059
Gross Profit		69,442		21,042			23,104			(1,269	)		112,319
Selling, General and Administrative Expenses		13,718		20,739			4,985			17,910			57,352
Income (Loss) from Operations		55,724		303			18,119			(19,179	)		54,967
Other Income (Expense), net		781		(50	)		(60	)		133			804
Income (Loss) Before Income Taxes	$	56,505	$	253		$	18,059		$	(19,046	)	$	55,771
Transactions with Related Parties:
Revenue	$	135,655	$	166		$	19,167		$	—		$	154,988
Selling, General and Administrative Expenses	$	—	$	—		$	—		$	1,056		$	1,056

		September 30,		September 30,		September 30,			September 30,			September 30,
	For the Year Ended December 31, 2009
								Corporate
	Mortgage		Financial		Technology			Items and			Consolidated
(in thousands)	Services		Services		Services			Eliminations			Altisource
Revenue	$	87,801	$	79,731	$	47,453		$	(12,173	)	$	202,812
Cost of Revenue		56,539		57,067		24,477			(11,286	)		126,797
Gross Profit		31,262		22,664		22,976			(887	)		76,015
Selling, General and Administrative Expenses		4,913		19,979		4,731			9,850			39,473
Income (Loss) from Operations		26,349		2,685		18,245			(10,737	)		36,542
Other Income (Expense), net		31		1,324		(319	)		(2	)		1,034
Income (Loss) Before Income Taxes	$	26,380	$	4,009	$	17,926		$	(10,739	)	$	37,576
Transactions with Related Parties:
Revenue	$	74,089	$	98	$	20,710		$	—		$	94,897
Selling, General and Administrative Expenses	$	2,712	$	467	$	1,517		$	(388	)	$	4,308
Interest Expense	$	30	$	1,029	$	231		$	—		$	1,290

		September 30,		September 30,		September 30,		September 30,		September 30,
(in thousands)	Mortgage Services		Financial Services		Technology Services		Corporate Items and Eliminations		Consolidated Altisource
Total Assets:
December 31, 2011	$	112,780	$	41,276	$	32,279	$	37,824	$	224,159
December 31, 2010	$	93,173	$	43,202	$	31,469	$	29,956	$	197,800
December 31, 2009	$	8,259	$	51,579	$	15,677	$	45,041	$	120,556