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SEGMENT REPORTING (Tables)
3 Months Ended
Mar. 31, 2016
Segment Reporting [Abstract]  
Schedule of financial information of segments
Financial information for our segments is as follows:
 
 
Three months ended March 31, 2016
(in thousands)
 
Mortgage
Services
 
Financial
Services
 
Technology
Services
 
Corporate
Items and
Eliminations
 
Consolidated
Altisource
 
 
 
 
 
 
 
 
 
 
 
Revenue
 
$
198,986

 
$
20,104

 
$
40,647

 
$
(9,605
)
 
$
250,132

Cost of revenue
 
121,518

 
14,258

 
41,893

 
(8,806
)
 
168,863

Gross profit (loss)
 
77,468

 
5,846

 
(1,246
)
 
(799
)
 
81,269

Selling, general and administrative expenses
 
26,969

 
4,309

 
6,558

 
15,780

 
53,616

Income (loss) from operations
 
50,499

 
1,537

 
(7,804
)
 
(16,579
)
 
27,653

Other income (expense), net
 
14

 
13

 
7

 
(6,602
)
 
(6,568
)
 
 
 
 
 
 
 
 
 
 
 
Income (loss) before income taxes and non-controlling interests
 
$
50,513

 
$
1,550

 
$
(7,797
)
 
$
(23,181
)
 
$
21,085


 
 
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

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

 
 

 
 

 
 

 
 

March 31, 2016
 
$
307,913

 
$
48,492

 
$
206,167

 
$
153,022

 
$
715,594

December 31, 2015
 
325,461

 
53,757

 
165,778

 
176,802

 
721,798

Schedule of premises and equipment, net by country
Premises and equipment, net consist of the following, by country:
(in thousands)
 
March 31,
2016
 
December 31,
2015
 
 
 
 
 
United States
 
$
84,107

 
$
85,021

India
 
19,287

 
21,187

Luxembourg
 
10,842

 
9,944

Philippines
 
2,424

 
2,664

Uruguay
 
277

 
305

 
 
 
 
 
Total
 
$
116,937

 
$
119,121