ORGANIZATION AND BASIS OF PRESENTATION ORGANIZATION AND BASIS OF PRESENTATION (Tables)

3 Months Ended

Mar. 31, 2018

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Schedule of Impact of Topic 606 on Financial Statements

The following table summarizes the impact of adopting Topic 606 on the Company’s condensed consolidated balance sheet as of March 31, 2018:

	Impact of the adoption of Topic 606
(in thousands)	As reported		Adjustments			Balances without adoption of Topic 606
Accounts receivable, net	$	50,839	$	(28	)	$	50,811
Total current assets	251,296		(28		)	251,268
Total assets	831,773		(28		)	831,745
Other current liabilities	6,651		348			6,999
Deferred revenue	15,489		(6,655		)	8,834
Total current liabilities	94,560		(6,307		)	88,253
Deferred revenue, non-current	5,529		(3,890		)	1,639
Retained earnings	600,253		10,169			610,422
Altisource equity	318,856		10,169			329,025
Total equity	320,082		10,169			330,251
Total liabilities and equity	831,773		(28		)	831,745

The following table summarizes the impact of adopting Topic 606 on the Company’s condensed consolidated statement of operations and comprehensive income for the three months ended March 31, 2018:

	Impact of the adoption of Topic 606
(in thousands)	As reported			Adjustments			Balances without adoption of Topic 606
Revenue	$	197,438		$	412		$	197,850
Cost of revenue	147,194			797			147,991
Gross profit	50,244			(385		)	49,859
Income from operations	7,120			(385		)	6,735
Loss before income taxes and non-controlling interests	(4,972		)	(385		)	(5,357		)
Income tax benefit	1,365			106			1,471
Net loss	(3,607		)	(279		)	(3,886		)
Net loss attributable to Altisource	(4,132		)	(279		)	(4,411		)