XML 14 R4.htm IDEA: XBRL DOCUMENT v2.4.1.9
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2015
Mar. 31, 2014
Income Statement [Abstract]    
Revenue $ 240,482us-gaap_Revenues $ 239,269us-gaap_Revenues
Cost of revenue 172,826us-gaap_CostOfServices 147,805us-gaap_CostOfServices
Gross profit 67,656us-gaap_GrossProfit 91,464us-gaap_GrossProfit
Selling, general and administrative expenses 52,406us-gaap_SellingGeneralAndAdministrativeExpense 43,534us-gaap_SellingGeneralAndAdministrativeExpense
Income from operations 15,250us-gaap_OperatingIncomeLoss 47,930us-gaap_OperatingIncomeLoss
Other income (expense), net:    
Interest expense (7,160)us-gaap_InterestExpense (4,776)us-gaap_InterestExpense
Other than temporary impairment loss on HLSS equity securities (3,285)us-gaap_ImpairmentOfInvestments 0us-gaap_ImpairmentOfInvestments
Other income (expense), net 3us-gaap_OtherNonoperatingIncomeExpense 47us-gaap_OtherNonoperatingIncomeExpense
Total other income (expense), net (10,442)us-gaap_NonoperatingIncomeExpense (4,729)us-gaap_NonoperatingIncomeExpense
Income before income taxes and non-controlling interests 4,808us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest 43,201us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
Income tax provision (400)us-gaap_IncomeTaxExpenseBenefit (3,055)us-gaap_IncomeTaxExpenseBenefit
Net income 4,408us-gaap_ProfitLoss 40,146us-gaap_ProfitLoss
Net income attributable to non-controlling interests (710)us-gaap_NetIncomeLossAttributableToNoncontrollingInterest (515)us-gaap_NetIncomeLossAttributableToNoncontrollingInterest
Net income attributable to Altisource 3,698us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic 39,631us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic
Earnings per share:    
Basic (in usd per share) $ 0.18us-gaap_EarningsPerShareBasic $ 1.76us-gaap_EarningsPerShareBasic
Diluted (in usd per share) $ 0.18us-gaap_EarningsPerShareDiluted $ 1.61us-gaap_EarningsPerShareDiluted
Weighted average shares outstanding:    
Basic (in shares) 20,172us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 22,509us-gaap_WeightedAverageNumberOfSharesOutstandingBasic
Diluted (in shares) 20,995us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 24,662us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding
Transactions with related parties included above:    
Revenue 148,639us-gaap_RevenueFromRelatedParties 145,558us-gaap_RevenueFromRelatedParties
Cost of revenue 10,288asps_RelatedPartyTransactionCostOfRevenue 7,288asps_RelatedPartyTransactionCostOfRevenue
Selling, general and administrative expenses $ 657asps_RelatedPartyTransactionSellingGeneralAndAdministrativeExpensesFromTransactionsWithRelatedPartyNet $ (242)asps_RelatedPartyTransactionSellingGeneralAndAdministrativeExpensesFromTransactionsWithRelatedPartyNet