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SEGMENT REPORTING (Tables)
9 Months Ended
Sep. 30, 2018
Segment Reporting [Abstract]  
Schedule of financial information of segments
Financial information for our segments is as follows:
 
 
Three months ended September 30, 2018
(in thousands)
 
Mortgage Market
 
Real Estate Market
 
Other Businesses, Corporate and Eliminations
 
Consolidated Altisource
 
 
 
 
 
 
 
 
 
Revenue
 
$
175,960

 
$
13,010

 
$
15,605

 
$
204,575

Cost of revenue
 
113,636

 
15,883

 
18,061

 
147,580

Gross profit (loss)
 
62,324

 
(2,873
)
 
(2,456
)
 
56,995

Operating expenses (income):
 
 
 
 
 
 
 
 
Selling, general and administrative expenses
 
21,155

 
5,188

 
19,986

 
46,329

Gain on sale of business
 

 
(13,688
)
 

 
(13,688
)
Restructuring charges
 
901

 
74

 
2,461

 
3,436

Income (loss) from operations
 
40,268

 
5,553

 
(24,903
)
 
20,918

Total other income (expense), net
 
74

 
22

 
(4,885
)
 
(4,789
)
 
 
 
 
 
 
 
 
 
Income (loss) before income taxes and
non-controlling interests
 
$
40,342

 
$
5,575

 
$
(29,788
)
 
$
16,129

 
 
Three months ended September 30, 2017
(in thousands)
 
Mortgage Market
 
Real Estate Market
 
Other Businesses, Corporate and Eliminations
 
Consolidated Altisource
 
 
 
 
 
 
 
 
 
Revenue
 
$
199,262

 
$
22,121

 
$
13,596

 
$
234,979

Cost of revenue
 
137,466

 
23,497

 
13,935

 
174,898

Gross profit (loss)
 
61,796

 
(1,376
)
 
(339
)
 
60,081

Selling, general and administrative expenses
 
28,006

 
4,208

 
14,408

 
46,622

Income (loss) from operations
 
33,790

 
(5,584
)
 
(14,747
)
 
13,459

Total other income (expense), net
 
26

 

 
(3,128
)
 
(3,102
)
 
 
 
 
 
 
 
 
 
Income (loss) before income taxes and
non-controlling interests
 
$
33,816

 
$
(5,584
)
 
$
(17,875
)
 
$
10,357


 
 
Nine months ended September 30, 2018
(in thousands)
 
Mortgage Market
 
Real Estate Market
 
Other Businesses, Corporate and Eliminations
 
Consolidated Altisource
 
 
 
 
 
 
 
 
 
Revenue
 
$
521,960

 
$
52,435

 
$
46,174

 
$
620,569

Cost of revenue
 
340,038

 
62,628

 
55,314

 
457,980

Gross profit (loss)
 
181,922

 
(10,193
)
 
(9,140
)
 
162,589

Operating expenses (income):
 
 
 
 
 
 
 
 
Selling, general and administrative expenses
 
65,133

 
14,486

 
52,758

 
132,377

Gain on sale of business
 

 
(13,688
)
 

 
(13,688
)
Restructuring charges
 
901

 
74

 
2,461

 
3,436

Income (loss) from operations
 
115,888

 
(11,065
)
 
(64,359
)
 
40,464

Total other income (expense), net
 
86

 
36

 
(26,358
)
 
(26,236
)
 
 
 
 
 
 
 
 
 
Income (loss) before income taxes and
non-controlling interests
 
$
115,974

 
$
(11,029
)
 
$
(90,717
)
 
$
14,228

 
 
Nine months ended September 30, 2017
(in thousands)
 
Mortgage Market
 
Real Estate Market
 
Other Businesses, Corporate and Eliminations
 
Consolidated Altisource
 
 
 
 
 
 
 
 
 
Revenue
 
$
614,180

 
$
67,314

 
$
44,653

 
$
726,147

Cost of revenue
 
421,942

 
72,484

 
43,818

 
538,244

Gross profit (loss)
 
192,238

 
(5,170
)
 
835

 
187,903

Selling, general and administrative expenses
 
86,493

 
14,084

 
46,216

 
146,793

Income (loss) from operations
 
105,745

 
(19,254
)
 
(45,381
)
 
41,110

Total other income (expense), net
 
138

 

 
(8,985
)
 
(8,847
)
 
 
 
 
 
 
 
 
 
Income (loss) before income taxes and
non-controlling interests
 
$
105,883

 
$
(19,254
)
 
$
(54,366
)
 
$
32,263

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

 
 

 
 

 
 

September 30, 2018
 
$
258,814

 
$
118,549

 
$
451,902

 
$
829,265

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)
 
September 30,
2018
 
December 31,
2017
 
 
 
 
 
United States
 
$
29,824

 
$
46,268

Luxembourg
 
16,065

 
16,688

India
 
4,273

 
8,136

Philippines
 
1,792

 
2,038

Uruguay
 
72

 
143

 
 
 
 
 
Total
 
$
52,026

 
$
73,273