REVENUE

Revenue includes service revenue, reimbursable expenses and non-controlling interests. Service revenue consists of amounts attributable to our fee-based services. Reimbursable expenses and non-controlling interests are pass-through items for which we earn no margin. Reimbursable expenses consist of amounts we incur on behalf of our customers in performing our fee-based services, but we pass such costs directly on to our customers without any additional markup. Non-controlling interests represent the earnings of Lenders One and Wholesale One, consolidated entities not owned by Altisource, and are included in revenue and reduced from net income to arrive at net income attributable to Altisource (see Note 1). The components of revenue were as follows:



	Three months ended September 30,				Nine months ended September 30,
(in thousands)	2016		2015		2016		2015

Service revenue	$	239,782	$	245,469	$	715,386	$	689,880
Reimbursable expenses	12,080		26,456		41,317		89,242
Non-controlling interests	883		851		1,973		2,457

Total	$	252,745	$	272,776	$	758,676	$	781,579