REVENUE

Revenue includes service revenue, reimbursable expenses and non-controlling interests. Service revenue consists of amounts attributable to our fee-based services and sales of short-term investments in real estate. 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 that we pass directly on to our customers without a markup. Non-controlling interests represent the earnings of Lenders One, a consolidated entity not owned by Altisource, and is 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)	2017		2016		2017		2016

Service revenue	$	224,308	$	239,782	$	692,254	$	715,386
Reimbursable expenses	9,866		12,080		31,786		41,317
Non-controlling interests	805		883		2,107		1,973

Total	$	234,979	$	252,745	$	726,147	$	758,676