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SEGMENT REPORTING (Tables)
6 Months Ended
Jun. 30, 2018
Segment Reporting [Abstract]  
Schedule of financial information of segments
Financial information for our segments is as follows:
 
 
Three months ended June 30, 2018
(in thousands)
 
Mortgage Market
 
Real Estate Market
 
Other Businesses, Corporate and Eliminations
 
Consolidated Altisource
 
 
 
 
 
 
 
 
 
Revenue
 
$
178,662

 
$
24,145

 
$
15,749

 
$
218,556

Cost of revenue
 
115,329

 
28,191

 
19,686

 
163,206

Gross profit (loss)
 
63,333

 
(4,046
)
 
(3,937
)
 
55,350

Selling, general and administrative expenses
 
20,604

 
5,180

 
17,140

 
42,924

Income (loss) from operations
 
42,729

 
(9,226
)
 
(21,077
)
 
12,426

Total other income (expense), net
 
(4
)
 
12

 
(9,363
)
 
(9,355
)
 
 
 
 
 
 
 
 
 
Income (loss) before income taxes and
non-controlling interests
 
$
42,725

 
$
(9,214
)
 
$
(30,440
)
 
$
3,071

 
 
Three months ended June 30, 2017
(in thousands)
 
Mortgage Market
 
Real Estate Market
 
Other Businesses, Corporate and Eliminations
 
Consolidated Altisource
 
 
 
 
 
 
 
 
 
Revenue
 
$
210,195

 
$
25,130

 
$
15,360

 
$
250,685

Cost of revenue
 
144,326

 
26,844

 
14,223

 
185,393

Gross profit (loss)
 
65,869

 
(1,714
)
 
1,137

 
65,292

Selling, general and administrative expenses
 
29,805

 
5,551

 
17,114

 
52,470

Income (loss) from operations
 
36,064

 
(7,265
)
 
(15,977
)
 
12,822

Total other income (expense), net
 
102

 

 
(764
)
 
(662
)
 
 
 
 
 
 
 
 
 
Income (loss) before income taxes and
non-controlling interests
 
$
36,166

 
$
(7,265
)
 
$
(16,741
)
 
$
12,160


 
 
Six months ended June 30, 2018
(in thousands)
 
Mortgage Market
 
Real Estate Market
 
Other Businesses, Corporate and Eliminations
 
Consolidated Altisource
 
 
 
 
 
 
 
 
 
Revenue
 
$
346,000

 
$
39,425

 
$
30,569

 
$
415,994

Cost of revenue
 
226,402

 
46,745

 
37,253

 
310,400

Gross profit (loss)
 
119,598

 
(7,320
)
 
(6,684
)
 
105,594

Selling, general and administrative expenses
 
43,978

 
9,298

 
32,772

 
86,048

Income (loss) from operations
 
75,620

 
(16,618
)
 
(39,456
)
 
19,546

Total other income (expense), net
 
12

 
14

 
(21,473
)
 
(21,447
)
 
 
 
 
 
 
 
 
 
Income (loss) before income taxes and
non-controlling interests
 
$
75,632

 
$
(16,604
)
 
$
(60,929
)
 
$
(1,901
)
 
 
Six months ended June 30, 2017
(in thousands)
 
Mortgage Market
 
Real Estate Market
 
Other Businesses, Corporate and Eliminations
 
Consolidated Altisource
 
 
 
 
 
 
 
 
 
Revenue
 
$
414,918

 
$
45,193

 
$
31,057

 
$
491,168

Cost of revenue
 
284,476

 
48,987

 
29,883

 
363,346

Gross profit (loss)
 
130,442

 
(3,794
)
 
1,174

 
127,822

Selling, general and administrative expenses
 
58,487

 
9,876

 
31,808

 
100,171

Income (loss) from operations
 
71,955

 
(13,670
)
 
(30,634
)
 
27,651

Total other income (expense), net
 
112

 

 
(5,857
)
 
(5,745
)
 
 
 
 
 
 
 
 
 
Income (loss) before income taxes and
non-controlling interests
 
$
72,067

 
$
(13,670
)
 
$
(36,491
)
 
$
21,906

(in thousands)
 
Mortgage Market
 
Real Estate Market
 
Other Businesses, Corporate and Eliminations
 
Consolidated Altisource
 
 
 
 
 
 
 
 
 
Total assets:
 
 

 
 

 
 

 
 

June 30, 2018
 
$
265,463

 
$
85,080

 
$
459,353

 
$
809,896

December 31, 2017
 
304,346

 
64,624

 
496,194

 
865,164

Schedule of premises and equipment, net by country
Premises and equipment, net consist of the following, by country:
(in thousands)
 
June 30,
2018
 
December 31,
2017
 
 
 
 
 
United States
 
$
34,597

 
$
46,268

Luxembourg
 
16,708

 
16,688

India
 
5,575

 
8,136

Philippines
 
1,848

 
2,038

Uruguay
 
92

 
143

 
 
 
 
 
Total
 
$
58,820

 
$
73,273