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SEGMENT REPORTING (Tables)
6 Months Ended
Jun. 30, 2015
Segment Reporting [Abstract]  
Schedule of financial information of segments
Financial information for our segments is as follows:
 
 
Three months ended June 30, 2015
(in thousands)
 
Mortgage
Services
 
Financial
Services
 
Technology
Services
 
Corporate
Items and
Eliminations
 
Consolidated
Altisource
 
 
 
 
 
 
 
 
 
 
 
Revenue
 
$
197,361

 
$
23,389

 
$
55,992

 
$
(8,421
)
 
$
268,321

Cost of revenue
 
112,710

 
15,537

 
47,423

 
(7,511
)
 
168,159

Gross profit (loss)
 
84,651

 
7,852

 
8,569

 
(910
)
 
100,162

Selling, general and administrative expenses
 
25,228

 
4,588

 
(345
)
 
14,504

 
43,975

Income (loss) from operations
 
59,423

 
3,264

 
8,914

 
(15,414
)
 
56,187

Other income (expense), net
 
23

 
2

 
(18
)
 
(4,950
)
 
(4,943
)
 
 
 
 
 
 
 
 
 
 
 
Income (loss) before income taxes and non-controlling interests
 
$
59,446

 
$
3,266

 
$
8,896

 
$
(20,364
)
 
$
51,244

 
 
Three months ended June 30, 2014
(in thousands)
 
Mortgage
Services
 
Financial
Services
 
Technology
Services
 
Corporate
Items and
Eliminations
 
Consolidated
Altisource
 
 
 
 
 
 
 
 
 
 
 
Revenue
 
$
222,216

 
$
25,476

 
$
57,111

 
$
(8,731
)
 
$
296,072

Cost of revenue
 
129,411

 
16,058

 
46,414

 
(7,884
)
 
183,999

Gross profit (loss)
 
92,805

 
9,418

 
10,697

 
(847
)
 
112,073

Selling, general and administrative expenses
 
23,503

 
4,773

 
7,502

 
13,243

 
49,021

Income (loss) from operations
 
69,302

 
4,645

 
3,195

 
(14,090
)
 
63,052

Other income (expense), net
 
80

 
12

 
(106
)
 
(4,813
)
 
(4,827
)
 
 
 
 
 
 
 
 
 
 
 
Income (loss) before income taxes and non-controlling interests
 
$
69,382

 
$
4,657

 
$
3,089

 
$
(18,903
)
 
$
58,225


 
 
Six months ended June 30, 2015
(in thousands)
 
Mortgage
Services
 
Financial
Services
 
Technology
Services
 
Corporate
Items and
Eliminations
 
Consolidated
Altisource
 
 
 
 
 
 
 
 
 
 
 
Revenue
 
$
374,367

 
$
45,743

 
$
107,962

 
$
(19,269
)
 
$
508,803

Cost of revenue
 
227,514

 
30,640

 
100,146

 
(17,315
)
 
340,985

Gross profit (loss)
 
146,853

 
15,103

 
7,816

 
(1,954
)
 
167,818

Selling, general and administrative expenses
 
45,789

 
9,303

 
6,970

 
34,319

 
96,381

Income (loss) from operations
 
101,064

 
5,800

 
846

 
(36,273
)
 
71,437

Other income (expense), net
 
19

 
(10
)
 
(17
)
 
(15,377
)
 
(15,385
)
 
 
 
 
 
 
 
 
 
 
 
Income (loss) before income taxes and non-controlling interests
 
$
101,083

 
$
5,790

 
$
829

 
$
(51,650
)
 
$
56,052


 
 
Six months ended June 30, 2014
(in thousands)
 
Mortgage
Services
 
Financial
Services
 
Technology
Services
 
Corporate
Items and
Eliminations
 
Consolidated
Altisource
 
 
 
 
 
 
 
 
 
 
 
Revenue
 
$
398,647

 
$
49,761

 
$
103,960

 
$
(17,027
)
 
$
535,341

Cost of revenue
 
232,648

 
30,671

 
83,746

 
(15,261
)
 
331,804

Gross profit (loss)
 
165,999

 
19,090

 
20,214

 
(1,766
)
 
203,537

Selling, general and administrative expenses
 
42,676

 
9,436

 
14,117

 
26,326

 
92,555

Income (loss) from operations
 
123,323

 
9,654

 
6,097

 
(28,092
)
 
110,982

Other income (expense), net
 
128

 
11

 
(122
)
 
(9,573
)
 
(9,556
)
 
 
 
 
 
 
 
 
 
 
 
Income (loss) before income taxes and non-controlling interests
 
$
123,451

 
$
9,665

 
$
5,975

 
$
(37,665
)
 
$
101,426

 

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

 
 

 
 

 
 

 
 

June 30, 2015
 
$
277,759

 
$
53,286

 
$
244,978

 
$
159,985

 
$
736,008

December 31, 2014
 
313,550

 
56,096

 
250,059

 
168,516

 
788,221

Schedule of premises and equipment, net by country
Premises and equipment, net consist of the following, by country:
(in thousands)
 
June 30,
2015
 
December 31,
2014
 
 
 
 
 
United States
 
$
88,273

 
$
88,274

India
 
24,756

 
27,082

Luxembourg
 
10,753

 
9,059

Philippines
 
2,855

 
3,344

 
 
 
 
 
Total
 
$
126,637

 
$
127,759