QUARTERLY FINANCIAL DATA (UNAUDITED) (Tables)

12 Months Ended

Dec. 31, 2016

Quarterly Financial Information Disclosure [Abstract]

Schedule of unaudited quarterly results

The operating results for any quarter are not necessarily indicative of results for any future period. Our business is affected by seasonality.

	2016 quarter ended (1)(2)(3)
(in thousands, except per share data)	March 31,		June 30,		September 30,		December 31,
Revenue	$	250,132	$	255,799	$	252,745	$	238,627
Gross profit	81,269		81,428		78,743		65,818
Income (loss) before income taxes and non-controlling interests	21,085		23,977		18,796		(19,537		)
Net income (loss)	18,892		20,686		11,472		(19,664		)
Net income (loss) attributable to Altisource	18,494		19,994		10,589		(20,384		)
Earnings (loss) per share:
Basic	$	0.98	$	1.08	$	0.57	$	(1.08	)
Diluted	$	0.92	$	1.02	$	0.54	$	(1.08	)
Weighted average shares outstanding:
Basic	18,855		18,437		18,715		18,788
Diluted	20,040		19,604		19,568		18,788

	2015 quarter ended (1)(4)(5)(6)
(in thousands, except per share data)	March 31,		June 30,		September 30,		December 31,
Revenue	$	240,482	$	268,321	$	272,776	$	269,887
Gross profit	67,656		100,162		98,926		97,395
Income (loss) before income taxes and non-controlling interests	4,808		51,244		41,200		(44,192		)
Net income (loss)	4,408		46,846		37,897		(44,351		)
Net income (loss) attributable to Altisource	3,698		45,950		37,046		(45,096		)
Earnings (loss) per share:
Basic	$	0.18	$	2.35	$	1.94	$	(2.35	)
Diluted	$	0.18	$	2.22	$	1.82	$	(2.35	)
Weighted average shares outstanding:
Basic	20,172		19,571		19,091		19,196
Diluted	20,995		20,669		20,411		19,196

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⁽¹⁾  The sum of quarterly amounts, including per share amounts, may not equal amounts reported for year-to-date periods. This is due to the effects of rounding and changes in the number of weighted average shares outstanding for each period.

⁽²⁾  We acquired Granite on July 29, 2016 (see Note 5).

⁽³⁾  During the fourth quarter of 2016, Altisource recorded a litigation settlement loss of $32.0 million in connection with a litigation matter. Also during the fourth quarter of 2016, Altisource recorded an insurance recovery related to this litigation settlement of $4.0 million. See Note 23.

⁽⁴⁾  We acquired CastleLine on July 17, 2015 and RentRange and Investability on October 9, 2015 (see Note 5).

⁽⁵⁾  During the fourth quarter of 2015, Altisource recorded an estimated loss in connection with an anticipated payment to Ocwen for obtaining a release of liability for Altisource related to Ocwen’s settlement of a particular case.

⁽⁶⁾  In the fourth quarter of 2015, we recorded impairment losses of $71.8 million in our Technology Services segment primarily driven by the Company’s projected Technology Services revenue from Ocwen and investment in technologies provided to Ocwen (see Note 9 and Note 10).