Note 4 - Segment Reporting - Level 3 (Tables)

12 Months Ended

Dec. 31, 2020

Segment Reporting [Abstract]

Reconciliation of Operating Profit (Loss) from Segments to Consolidated [Table Text Block]

The reconciliation of adjusted pretax operating income (loss) for our reportable segments to consolidated pretax income is as follows.

	December 31,
(In thousands)	2020		2019		2018
Adjusted pretax operating income (loss):
Mortgage	$	451,488	$	852,854	$	770,714
Real Estate	(23,240)		(17,987)		(4,005)
Total adjusted pretax operating income (loss) for reportable segments	428,248		834,867		766,709
All Other adjusted pretax operating income (loss)	3,819		19,768		(21,214)
Net gains (losses) on investments and other financial instruments	60,277		51,719		(42,476)
Loss on extinguishment of debt	—		(22,738)		—
Impairment of goodwill	—		(4,828)		—
Amortization and impairment of other acquired intangible assets	(5,144)		(22,288)		(12,429)
Impairment of other long-lived assets and other non-operating items	(7,759)		(7,507)		(6,404)
Consolidated pretax income	$	479,441	$	848,993	$	684,186

Reconciliation of Revenue from Segments to Consolidated [Table Text Block]

The following tables reconcile reportable segment revenues to consolidated revenues and summarize interest expense, depreciation expense, allocation of corporate operating expenses and adjusted pretax operating income for our reportable segments as follows.

	December 31, 2020
(In thousands)	Mortgage		Real Estate		Reportable Segment Total		All Other		Inter-segment		Adjustments		Consolidated Total
Net premiums earned	$	1,092,767	$	22,554	$	1,115,321	$	—	$	—	$	—	$	1,115,321
Services revenue	14,765		79,524		94,289		12,535		(1,439)		—		105,385
Net investment income	137,195		361		137,556		16,481		—		—		154,037
Other income	2,816		—		2,816		534		—		247		3,597
Add: Net gains (losses) on investments and other financial instruments	—		—		—		—		—		60,277		60,277
Total revenues	$	1,247,543	$	102,439	$	1,349,982	$	29,550	$	(1,439)	$	60,524	$	1,438,617
Other segment information:
Interest expense	$	71,150	$	—	$	71,150
Depreciation	9,815		2,559		12,374
Allocation of corporate operating expenses (1)	114,802		12,807		127,609

(1)Includes additional depreciation expense of $2.6 million, $0.3 million and $2.9 million allocated to Mortgage, Real Estate and Reportable Segment Total, respectively.

	December 31, 2019
(In thousands)	Mortgage		Real Estate		Reportable Segment Total		All Other		Inter-segment		Adjustments		Consolidated Total
Net premiums earned	$	1,134,214	$	11,976	$	1,146,190	$	(841)	$	—	$	—	$	1,145,349
Services revenue	8,134		76,941		85,075		70,961		(1,440)		—		154,596
Net investment income	151,491		680		152,171		19,625		—		—		171,796
Other income	2,798		—		2,798		697		—		—		3,495
Add: Net gains (losses) on investments and other financial instruments	—		—		—		—		—		51,719		51,719
Total revenues	$	1,296,637	$	89,597	$	1,386,234	$	90,442	$	(1,440)	$	51,719	$	1,526,955
Other segment information:
Interest expense	$	56,310	$	—	$	56,310
Depreciation	13,770		2,169		15,939
Allocation of corporate operating expenses (1)	104,078		10,165		114,243

(1)Includes additional depreciation expense of $1.6 million, $0.1 million and $1.7 million allocated to Mortgage, Real Estate and Reportable Segment Total, respectively.

	December 31, 2018
(In thousands)	Mortgage		Real Estate		Reportable Segment Total		All Other		Inter-segment		Adjustments		Consolidated Total
Net premiums earned	$1,006,721		$	7,286	$	1,014,007	$	—	$	—	$	—	$	1,014,007
Services revenue	4,968		79,080		84,048		62,574		(1,650)		—		144,972
Net investment income	148,274		373		148,647		3,828		—		—		152,475
Other income	2,214		1,234		3,448		580		—		—		4,028
Add: Net gains (losses) on investments and other financial instruments	—		—		—		—		—		(42,476)		(42,476)
Total revenues	$	1,162,177	$	87,973	$	1,250,150	$	66,982	$	(1,650)	$	(42,476)	$	1,273,006
Other segment information:
Interest expense	$	43,685	$	—	$	43,685
Depreciation	14,714		1,395		16,109
Allocation of corporate operating expenses (1)	80,135		8,382		88,517

(1)Includes additional depreciation expense of $0.5 million, $0.1 million and $0.6 million allocated to Mortgage, Real Estate and Reportable Segment Total, respectively.

Services Revenue [Table Text Block]

The table below represents the disaggregation of services revenues by revenue type.

	Year Ended December 31,
(In thousands)	2020		2019		2018
Real Estate services:
Asset management services	$	29,841	$	30,846	$	42,839
Title services	23,266		14,185		5,512
Valuation services	22,582		29,026		30,269
Other real estate services	2,479		2,431		—
Mortgage services	14,682		7,632		4,307
All Other services (1)	12,535		70,476		62,045
Total services revenue	$	105,385	$	154,596	$	144,972

(1)Includes services revenue from Clayton prior to its sale in January 2020 and amounts related to our traditional appraisal business, which we wound down beginning in the fourth quarter of 2020.