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SEGMENT REPORTING (Tables)
3 Months Ended
Mar. 31, 2015
Segment Reporting [Abstract]  
Schedule of financial information of segments
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

Schedule of premises and equipment, net by country
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