Segment information

6 Months Ended

Jun. 30, 2013

Segment information

NOTE 8

Segment information. Subsequent to the appointment of a new Chief Executive Officer, the Company reorganized the senior management team and updated its long-term business strategy in fiscal 2012. As a result of these events, the Company revised its reportable operating segments effective with fourth quarter 2012 reporting to align with the current management of the business. Segment information for prior periods presented has been restated. The Company’s three reportable operating segments are title insurance and related services (title), mortgage services and corporate.

Selected statement of earnings and comprehensive earnings information related to these segments follows:

	For the Three Months Ended June 30,						For the Six Months Ended June 30,
	2013			2012			2013			2012
	($000 omitted)
Revenues:
Title		475,428			435,485			857,842			779,593
Mortgage services		37,322			44,338			78,516			80,928
Corporate		4,470			3,889			4,575			8,177
		517,220			483,712			940,933			868,698
Intersegment revenues:
Title		—			—			—			—
Mortgage services		2,396			1,737			4,227			3,586
Corporate		785			1,347			1,582			2,037
		3,181			3,084			5,809			5,623
Depreciation and amortization:
Title		1,468			1,593			2,968			3,203
Mortgage services		917			1,101			1,885			2,150
Corporate		1,836			1,869			3,725			3,735
		4,221			4,563			8,578			9,088
Earnings (loss) before taxes and noncontrolling interests:
Title		73,151			43,092			103,484			57,994
Mortgage services		5,170			12,770			14,992			20,250
Corporate		(29,459	)		(24,645	)		(62,467	)		(54,959	)
		48,862			31,217			56,009			23,285

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

Revenues generated in the United States and all international operations follows:

	For the Three Months Ended June 30,				For the Six Months Ended June 30,
	2013		2012		2013		2012
	($000 omitted)
United States		485,774		449,785		888,714		812,010
International		31,446		33,927		52,219		56,688
		517,220		483,712		940,933		868,698