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SEGMENT REPORTING
3 Months Ended
Mar. 31, 2015
Segment Reporting [Abstract]  
SEGMENT REPORTING
SEGMENT REPORTING

Our business segments are based upon our organizational structure, which focuses primarily on the services offered, and are consistent with the internal reporting used by our Chief Executive Officer (our Chief Operating Decision Maker) to evaluate operating performance and to assess the allocation of our resources.
We classify our businesses into three reportable segments. The Mortgage Services segment provides services that span the mortgage and real estate lifecycle and are typically outsourced by loan servicers, loan originators, investors and other sellers of single family homes. The Financial Services segment provides collection and customer relationship management services primarily to debt originators and servicers (e.g., credit card, auto lending, retail credit and mortgage) and the utility, insurance and hotel industries. The Technology Services segment provides a portfolio of software, data analytics and infrastructure management services that support the efficient and compliant management of mortgage and real estate activities and marketplace transactions across the lifecycle. In addition, Corporate Items and Eliminations include eliminations of transactions between the reportable segments, interest expense and costs related to corporate support functions including executive, finance, legal, compliance, human resources, vendor management, risk and operational effectiveness and marketing. Intercompany transactions primarily consist of information technology infrastructure services.

Financial information for our segments is as follows:
 
 
Three months ended March 31, 2015
(in thousands)
 
Mortgage
Services
 
Financial
Services
 
Technology
Services
 
Corporate
Items and
Eliminations
 
Consolidated
Altisource
 
 
 
 
 
 
 
 
 
 
 
Revenue
 
$
177,006

 
$
22,354

 
$
51,970

 
$
(10,848
)
 
$
240,482

Cost of revenue
 
114,804

 
15,103

 
52,723

 
(9,804
)
 
172,826

Gross profit (loss)
 
62,202

 
7,251

 
(753
)
 
(1,044
)
 
67,656

Selling, general and administrative expenses
 
20,561

 
4,715

 
7,315

 
19,815

 
52,406

Income (loss) from operations
 
41,641

 
2,536

 
(8,068
)
 
(20,859
)
 
15,250

Other income (expense), net
 
(4
)
 
(12
)
 
1

 
(10,427
)
 
(10,442
)
 
 
 
 
 
 
 
 
 
 
 
Income (loss) before income taxes and non-controlling interests
 
$
41,637

 
$
2,524

 
$
(8,067
)
 
$
(31,286
)
 
$
4,808


 
 
 
Three months ended March 31, 2014
(in thousands)
 
Mortgage
Services
 
Financial
Services
 
Technology
Services
 
Corporate
Items and
Eliminations
 
Consolidated
Altisource
 
 
 
 
 
 
 
 
 
 
 
Revenue
 
$
176,430

 
$
24,285

 
$
46,850

 
$
(8,296
)
 
$
239,269

Cost of revenue
 
103,237

 
14,613

 
37,332

 
(7,377
)
 
147,805

Gross profit (loss)
 
73,193

 
9,672

 
9,518

 
(919
)
 
91,464

Selling, general and administrative expenses
 
19,174

 
4,663

 
6,614

 
13,083

 
43,534

Income (loss) from operations
 
54,019

 
5,009

 
2,904

 
(14,002
)
 
47,930

Other income (expense), net
 
48

 
(1
)
 
(16
)
 
(4,760
)
 
(4,729
)
 
 
 
 
 
 
 
 
 
 
 
Income (loss) before income taxes and non-controlling interests
 
$
54,067

 
$
5,008

 
$
2,888

 
$
(18,762
)
 
$
43,201


 
(in thousands)
 
Mortgage
Services
 
Financial
Services
 
Technology
Services
 
Corporate
Items and
Eliminations
 
Consolidated
Altisource
 
 
 
 
 
 
 
 
 
 
 
Total assets:
 
 

 
 

 
 

 
 

 
 

March 31, 2015
 
$
299,647

 
$
54,365

 
$
238,580

 
$
168,089

 
$
760,681

December 31, 2014
 
313,550

 
56,096

 
250,059

 
168,516

 
788,221


 
Our services are provided to customers primarily located in the United States.  Premises and equipment, net consist of the following, by country:
(in thousands)
 
March 31,
2015
 
December 31,
2014
 
 
 
 
 
United States
 
$
86,043

 
$
88,274

India
 
25,952

 
27,082

Luxembourg
 
11,430

 
9,059

Philippines
 
3,096

 
3,344

 
 
 
 
 
Total
 
$
126,521

 
$
127,759