XML 59 R49.htm IDEA: XBRL DOCUMENT v3.5.0.2
SEGMENT REPORTING (Tables)
6 Months Ended
Jun. 30, 2016
Segment Reporting [Abstract]  
Schedule of financial information of segments
Financial information for our segments is as follows:
 
 
Three months ended June 30, 2016
(in thousands)
 
Mortgage
Services
 
Financial
Services
 
Technology
Services
 
Corporate
Items and
Eliminations
 
Consolidated
Altisource
 
 
 
 
 
 
 
 
 
 
 
Revenue
 
$
208,561

 
$
19,758

 
$
38,100

 
$
(10,620
)
 
$
255,799

Cost of revenue
 
127,626

 
14,149

 
42,424

 
(9,828
)
 
174,371

Gross profit (loss)
 
80,935

 
5,609

 
(4,324
)
 
(792
)
 
81,428

Selling, general and administrative expenses
 
28,607

 
4,204

 
7,440

 
13,956

 
54,207

Income (loss) from operations
 
52,328

 
1,405

 
(11,764
)
 
(14,748
)
 
27,221

Total other income (expense), net
 
35

 
22

 
93

 
(3,394
)
 
(3,244
)
 
 
 
 
 
 
 
 
 
 
 
Income (loss) before income taxes and non-controlling interests
 
$
52,363

 
$
1,427

 
$
(11,671
)
 
$
(18,142
)
 
$
23,977

 
 
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

 
7,246

 
14,504

 
51,566

Change in the fair value of Equator Earn Out
 

 

 
(7,591
)
 

 
(7,591
)
Income (loss) from operations
 
59,423

 
3,264

 
8,914

 
(15,414
)
 
56,187

Total 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

 
 
Six months ended June 30, 2016
(in thousands)
 
Mortgage
Services
 
Financial
Services
 
Technology
Services
 
Corporate
Items and
Eliminations
 
Consolidated
Altisource
 
 
 
 
 
 
 
 
 
 
 
Revenue
 
$
407,547

 
$
39,862

 
$
78,747

 
$
(20,225
)
 
$
505,931

Cost of revenue
 
249,144

 
28,407

 
84,317

 
(18,634
)
 
343,234

Gross profit (loss)
 
158,403

 
11,455

 
(5,570
)
 
(1,591
)
 
162,697

Selling, general and administrative expenses
 
55,576

 
8,513

 
13,998

 
29,736

 
107,823

Income (loss) from operations
 
102,827

 
2,942

 
(19,568
)
 
(31,327
)
 
54,874

Total other income (expense), net
 
49

 
35

 
100

 
(9,996
)
 
(9,812
)
 
 
 
 
 
 
 
 
 
 
 
Income (loss) before income taxes and non-controlling interests
 
$
102,876

 
$
2,977

 
$
(19,468
)
 
$
(41,323
)
 
$
45,062

 
 
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

 
14,561

 
34,319

 
103,972

Change in the fair value of Equator Earn Out
 

 

 
(7,591
)
 

 
(7,591
)
Income (loss) from operations
 
101,064

 
5,800

 
846

 
(36,273
)
 
71,437

Total 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

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

 
 

 
 

 
 

 
 

June 30, 2016
 
$
333,136

 
$
46,348

 
$
144,719

 
$
151,273

 
$
675,476

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)
 
June 30,
2016
 
December 31,
2015
 
 
 
 
 
United States
 
$
81,540

 
$
85,021

India
 
17,370

 
21,187

Luxembourg
 
12,650

 
9,944

Philippines
 
2,777

 
2,664

Uruguay
 
239

 
305

 
 
 
 
 
Total
 
$
114,576

 
$
119,121