XML 40 R29.htm IDEA: XBRL DOCUMENT v3.19.2
RESTRUCTURING CHARGES
6 Months Ended
Jun. 30, 2019
Restructuring Charges [Abstract]  
RESTRUCTURING CHARGES
RESTRUCTURING CHARGES
In August 2018, Altisource initiated Project Catalyst, a project intended to optimize our operations and reduce costs to better align our cost structure with our anticipated revenues and improve our operating margins. During the three and six months ended June 30, 2019, we incurred $1.9 million and $6.3 million, respectively, of severance costs, professional services fees and technology costs related to the reorganization plan (no comparative amounts for the three and six months ended June 30, 2018). We expect to incur additional severance costs, professional services fees, technology costs and facility consolidation costs in connection with this internal reorganization, automation and other technology related activities and will expense those costs as incurred. Based on our analysis, we currently anticipate the future costs relating to Project Catalyst to be in the range of approximately $12 million to $15 million.