ACQUISITIONS (Tables)

12 Months Ended

Dec. 31, 2014

Acquisitions

Business Acquisition, Pro Forma Information

The following tables present the unaudited pro forma consolidated results of operations for the years ended December 31, 2013 and 2012 as if the Homeward fee-based business, ResCap fee-based business and Equator transactions had occurred at the beginning of the periods presented.

	Year ended December 31, 2013
(in thousands, except per share amounts)	As reported		Pro forma
Revenue	$	768,357	$	854,098
Net income attributable to Altisource	129,973		132,907
Earnings per share — diluted	5.19		5.31

	Year ended December 31, 2012
(in thousands, except per share amounts)	As reported		Pro forma
Revenue	$	568,360	$	781,834
Net income attributable to Altisource	110,627		129,229
Earnings per share — diluted	4.43		5.18

Homeward servicing portfolio

Acquisitions

Schedule of the adjusted allocation of the purchase price

The final adjusted allocation of the purchase price is as follows:

(in thousands)
Premises and equipment	$	1,559
Customer relationship	75,609
Goodwill	2,039
	79,207
Accounts payable and accrued expenses	(3,390		)
Purchase price	$	75,817

Schedule of estimated life of identified assets acquired

	Estimated life (in years)
Premises and equipment	3 - 5
Customer relationship	7

Equator

Acquisitions

Schedule of the adjusted allocation of the purchase price

The final adjusted allocation of the purchase price is as follows:

	Initial purchase price allocation			Adjustments			Adjusted purchase price allocation
(in thousands)
Accounts receivable	$	9,293		$	3,490		$	12,783
Prepaid expenses and other current assets	954			(393		)	561
Premises and equipment	16,974			—			16,974
Customer relationships, trademarks and trade names	43,393			—			43,393
Goodwill	82,460			—			82,460
Other non-current assets	242			78			320
Assets acquired	153,316			3,175			156,491
Accounts payable and accrued expenses	(7,232		)	536			(6,696		)
Deferred revenue	(36,689		)	—			(36,689		)
Liabilities assumed	(43,921		)	536			(43,385		)
Purchase price	$	109,395		$	3,711		$	113,106

Schedule of estimated life of identified assets acquired

	Estimated life (in years)
Premises and equipment (excluding internally developed software)	3 - 5
Internally developed software (included in premises and equipment)	7
Customer relationships (weighted average)	15
Trade names	4

Schedule of Business Acquisitions by Acquisition Change in Contingent Consideration and Goodwill Impairment

The following table presents the impact of the change in the fair value of the Equator Earn Out and Equator goodwill impairment for the year ended December 31, 2014, which are included in selling, general and administrative expenses in the consolidated statements of operations:

(in thousands)
Change in the fair value of Equator Earn Out	$	(37,924	)
Goodwill impairment	37,473
	$	(451	)

Mortgage Builder

Acquisitions

Schedule of the adjusted allocation of the purchase price

The preliminary allocation of the purchase price is as follows:

(in thousands)
Cash	$	726
Accounts receivable, net	1,120
Prepaid expenses	38
Premises and equipment, net	553
Software	1,509
Trademarks and trade names	209
Customer relationship	4,824
Goodwill	9,135
	18,114
Accounts payable and accrued expenses	(881		)
Purchase price	$	17,233

Owners.com

Acquisitions

Schedule of the adjusted allocation of the purchase price

The preliminary allocation of the purchase price is as follows:

(in thousands)
Accounts receivable, net	$	41
Prepaid expenses	32
Software	501
Trademarks and trade names	1,431
Goodwill	19,775
	21,780
Accounts payable	(41		)
Purchase price	$	21,739