XML 18 R4.htm IDEA: XBRL DOCUMENT v3.6.0.2
CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Income Statement [Abstract]      
Revenue $ 997,303 $ 1,051,466 $ 1,078,916
Cost of revenue 690,045 687,327 707,180
Gross profit 307,258 364,139 371,736
Selling, general and administrative expenses 214,155 220,868 201,733
Litigation settlement loss, net of $4,000 insurance recovery 28,000 0 0
Impairment losses 0 71,785 37,473
Change in the fair value of Equator Earn Out 0 (7,591) (37,924)
Income from operations 65,103 79,077 170,454
Other income (expense), net:      
Interest expense (24,412) (28,208) (23,363)
Other income (expense), net 3,630 2,191 174
Total other income (expense), net (20,782) (26,017) (23,189)
Income before income taxes and non-controlling interests 44,321 53,060 147,265
Income tax provision (12,935) (8,260) (10,178)
Net income 31,386 44,800 137,087
Net income attributable to non-controlling interests (2,693) (3,202) (2,603)
Net income attributable to Altisource $ 28,693 $ 41,598 $ 134,484
Earnings per share:      
Basic (in dollars per share) $ 1.53 $ 2.13 $ 6.22
Diluted (in dollars per share) $ 1.46 $ 2.02 $ 5.69
Weighted average shares outstanding:      
Basic (in shares) 18,696 19,504 21,625
Diluted (in shares) 19,612 20,619 23,634
Comprehensive income:      
Unrealized loss on securities, net of income tax benefit of $720, $0, $0 $ (1,745) $ 0 $ 0
Comprehensive income, net of tax 29,641 44,800 137,087
Comprehensive income attributable to non-controlling interests (2,693) (3,202) (2,603)
Comprehensive income attributable to Altisource $ 26,948 $ 41,598 134,484
Transactions with related parties included above:      
Revenue     666,800
Cost of revenue     38,610
Selling, general and administrative expenses     $ (268)