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SEGMENT REPORTING (Tables)
9 Months Ended
Sep. 30, 2016
Segment Reporting [Abstract]  
Schedule of financial information of segments
Financial information for our segments is as follows:
 
 
Three months ended September 30, 2016
(in thousands)
 
Mortgage Services
 
Financial Services
 
Technology Services
 
Corporate Items and Eliminations
 
Consolidated Altisource
 
 
 
 
 
 
 
 
 
 
 
Revenue
 
$
204,696

 
$
17,599

 
$
41,544

 
$
(11,094
)
 
$
252,745

Cost of revenue
 
132,399

 
13,238

 
38,557

 
(10,192
)
 
174,002

Gross profit (loss)
 
72,297

 
4,361

 
2,987

 
(902
)
 
78,743

Selling, general and administrative expenses
 
27,543

 
4,002

 
6,115

 
16,226

 
53,886

Income (loss) from operations
 
44,754

 
359

 
(3,128
)
 
(17,128
)
 
24,857

Total other income (expense), net
 
8

 
28

 
1

 
(6,098
)
 
(6,061
)
 
 
 
 
 
 
 
 
 
 
 
Income (loss) before income taxes and non-controlling interests
 
$
44,762

 
$
387

 
$
(3,127
)
 
$
(23,226
)
 
$
18,796

 
 
Three months ended September 30, 2015
(in thousands)
 
Mortgage Services
 
Financial Services
 
Technology Services
 
Corporate Items and Eliminations
 
Consolidated Altisource
 
 
 
 
 
 
 
 
 
 
 
Revenue
 
$
209,506

 
$
21,337

 
$
51,437

 
$
(9,504
)
 
$
272,776

Cost of revenue
 
122,724

 
15,418

 
44,419

 
(8,711
)
 
173,850

Gross profit (loss)
 
86,782

 
5,919

 
7,018

 
(793
)
 
98,926

Selling, general and administrative expenses
 
23,399

 
4,553

 
7,628

 
15,758

 
51,338

Income (loss) from operations
 
63,383

 
1,366

 
(610
)
 
(16,551
)
 
47,588

Total other income (expense), net
 
9

 
31

 
38

 
(6,466
)
 
(6,388
)
 
 
 
 
 
 
 
 
 
 
 
Income (loss) before income taxes and non-controlling interests
 
$
63,392

 
$
1,397

 
$
(572
)
 
$
(23,017
)
 
$
41,200

 
 
Nine months ended September 30, 2016
(in thousands)
 
Mortgage Services
 
Financial Services
 
Technology Services
 
Corporate Items and Eliminations
 
Consolidated Altisource
 
 
 
 
 
 
 
 
 
 
 
Revenue
 
$
612,243

 
$
57,461

 
$
120,291

 
$
(31,319
)
 
$
758,676

Cost of revenue
 
381,543

 
41,645

 
122,874

 
(28,826
)
 
517,236

Gross profit (loss)
 
230,700

 
15,816

 
(2,583
)
 
(2,493
)
 
241,440

Selling, general and administrative expenses
 
83,119

 
12,515

 
20,113

 
45,962

 
161,709

Income (loss) from operations
 
147,581

 
3,301

 
(22,696
)
 
(48,455
)
 
79,731

Total other income (expense), net
 
57

 
63

 
101

 
(16,094
)
 
(15,873
)
 
 
 
 
 
 
 
 
 
 
 
Income (loss) before income taxes and non-controlling interests
 
$
147,638

 
$
3,364

 
$
(22,595
)
 
$
(64,549
)
 
$
63,858

 
 
Nine months ended September 30, 2015
(in thousands)
 
Mortgage Services
 
Financial Services
 
Technology Services
 
Corporate Items and Eliminations
 
Consolidated Altisource
 
 
 
 
 
 
 
 
 
 
 
Revenue
 
$
583,873

 
$
67,080

 
$
159,399

 
$
(28,773
)
 
$
781,579

Cost of revenue
 
350,238

 
46,058

 
144,565

 
(26,026
)
 
514,835

Gross profit (loss)
 
233,635

 
21,022

 
14,834

 
(2,747
)
 
266,744

Selling, general and administrative expenses
 
69,188

 
13,856

 
22,189

 
50,077

 
155,310

Change in the fair value of Equator Earn Out
 

 

 
(7,591
)
 

 
(7,591
)
Income (loss) from operations
 
164,447

 
7,166

 
236

 
(52,824
)
 
119,025

Total other income (expense), net
 
28

 
21

 
21

 
(21,843
)
 
(21,773
)
 
 
 
 
 
 
 
 
 
 
 
Income (loss) before income taxes and non-controlling interests
 
$
164,475

 
$
7,187

 
$
257

 
$
(74,667
)
 
$
97,252

(in thousands)
 
Mortgage Services
 
Financial Services
 
Technology Services
 
Corporate Items and Eliminations
 
Consolidated Altisource
 
 
 
 
 
 
 
 
 
 
 
Total assets:
 
 

 
 

 
 

 
 

 
 

September 30, 2016
 
$
315,384

 
$
44,652

 
$
141,846

 
$
191,450

 
$
693,332

December 31, 2015
 
325,461

 
53,757

 
151,969

 
190,611

 
721,798

Schedule of premises and equipment, net by country
Premises and equipment, net consist of the following, by country:
(in thousands)
 
September 30,
2016
 
December 31,
2015
 
 
 
 
 
United States
 
$
76,683

 
$
85,021

India
 
15,705

 
21,187

Luxembourg
 
14,372

 
9,944

Philippines
 
2,776

 
2,664

Uruguay
 
249

 
305

 
 
 
 
 
Total
 
$
109,785

 
$
119,121