XML 22 R4.htm IDEA: XBRL DOCUMENT v3.10.0.1
CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Income Statement [Abstract]      
Revenue $ 838,202 $ 942,213 $ 997,303
Cost of revenue 622,165 699,865 690,045
Gross profit 216,037 242,348 307,258
Selling, general and administrative expenses 175,670 192,642 214,155
Gain on sale of business (Note 4) (13,688) 0 0
Restructuring charges (Note 24) 11,560 0 0
Litigation settlement loss, net of $4,000 insurance recovery (Note 20) 0 0 28,000
Income from operations 42,495 49,706 65,103
Other income (expense), net:      
Interest expense (26,254) (22,253) (24,412)
Unrealized loss on investment in equity securities (Note 6) (12,972) 0 0
Other (expense) income, net (1,870) 7,922 3,630
Total other income (expense), net (41,096) (14,331) (20,782)
Income before income taxes and non-controlling interests 1,399 35,375 44,321
Income tax (provision) benefit (4,098) 276,256 (12,935)
Net (loss) income (2,699) 311,631 31,386
Net income attributable to non-controlling interests (2,683) (2,740) (2,693)
Net (loss) income attributable to Altisource $ (5,382) $ 308,891 $ 28,693
(Loss) Earnings per share:      
Basic (in dollars per share) $ (0.32) $ 16.99 $ 1.53
Diluted (in dollars per share) $ (0.32) $ 16.53 $ 1.46
Weighted average shares outstanding:      
Basic (in shares) 17,073 18,183 18,696
Diluted (in shares) 17,073 18,692 19,612
Other comprehensive (loss) income, net of tax:      
Reclassification of unrealized gain on investment in equity securities, net of income tax provision of $200, to retained earnings from the cumulative effect of an accounting change (Note 2) $ (733) $ 0 $ 0
Unrealized gain (loss) on investment in equity securities, net of income tax (provision) benefit of $0, $(921), $720 0 2,478 (1,745)
Comprehensive (loss) income, net of tax (3,432) 314,109 29,641
Comprehensive income attributable to non-controlling interests (2,683) (2,740) (2,693)
Comprehensive (loss) income attributable to Altisource $ (6,115) $ 311,369 $ 26,948