Segment information

12 Months Ended

Dec. 31, 2016

Segment Reporting [Abstract]

Segment information

Segment information. Prior to 2016, the Company reported three operating segments: title insurance and related services (title), mortgage services and corporate. Effective in the first quarter 2016, as a result of realigning and streamlining the management of the mortgage services operations, the Company began reporting two operating segments: title and ancillary services and corporate. The centralized title services business, previously included in the mortgage services segment, is now included in the title segment. The remaining operations of the mortgage services segment, principally appraisal and valuation services, are not material, in the aggregate, for separate segment presentation and are now included in the ancillary services and corporate segment. In addition, the Company began allocating the costs of its centralized administrative services departments to the respective operating businesses. The new operating segments reflect the current manner that management uses in allocating resources and assessing performance of the Company's businesses.

The title segment provides services needed to transfer title to property in a real estate transaction and includes services such as searching, examining, closing and insuring the condition of the title to the property. In addition, the title segment includes centralized title services, home and personal insurance services and Internal Revenue Code Section 1031 tax-deferred exchanges. The ancillary services and corporate segment historically provided appraisal and valuation services, document management, recording and call center-related services offered to large mortgage lenders and servicers, mortgage brokers and mortgage investors. As of December 31, 2016 the principal offering of ancillary services are appraisal and valuation services. Also included in the ancillary services and corporate segment are expenses of the parent holding company and certain other enterprise-wide overhead costs.

Selected statement of operations information related to these segments for the years ended December 31 is as follows using restated prior year period amounts to conform to the new segment presentation:

	2016		2015		2014
	($000 omitted)
Title segment:
Revenues	1,922,422		1,904,258		1,730,875
Impairment of goodwill	—		1,569		—
Depreciation and amortization	21,176		18,767		16,677
Income before taxes and noncontrolling interest	139,083		119,032		90,786
Ancillary services and corporate segment:
Revenues	84,218		129,627		139,955
Impairment of goodwill	—		34,180		—
Depreciation and amortization	8,868		11,531		7,549
Loss before taxes and noncontrolling interest	(51,057	)	(109,339	)	(38,974	)
Consolidated Stewart:
Revenues	2,006,640		2,033,885		1,870,830
Impairment of goodwill	—		35,749		—
Depreciation and amortization	30,044		30,298		24,226
Income before taxes and noncontrolling interest	88,026		9,693		51,812

The Company does not provide asset information by reportable operating segment as it does not routinely evaluate the asset position by segment.

Revenues for the years ended December 31 in the United States and all international operations are as follows:

	2016	2015	2014
	($000 omitted)
United States	1,889,144	1,925,865	1,751,458
International	117,496	108,020	119,372
	2,006,640	2,033,885	1,870,830