XML 17 R46.htm IDEA: XBRL DOCUMENT v3.3.0.814
SEGMENT REPORTING (Tables)
9 Months Ended
Sep. 30, 2015
Segment Reporting [Abstract]  
Schedule of financial information of segments
Financial information for our segments is as follows:
 
 
Three months ended September 30, 2015
(in thousands)
 
Mortgage
Services
 
Financial
Services
 
Technology
Services
 
Corporate
Items and
Eliminations
 
Consolidated
Altisource
 
 
 
 
 
 
 
 
 
 
 
Revenue
 
$
209,506

 
$
21,337

 
$
51,437

 
$
(9,504
)
 
$
272,776

Cost of revenue
 
122,724

 
15,418

 
44,419

 
(8,711
)
 
173,850

Gross profit (loss)
 
86,782

 
5,919

 
7,018

 
(793
)
 
98,926

Selling, general and administrative expenses
 
23,399

 
4,553

 
7,628

 
15,758

 
51,338

Income (loss) from operations
 
63,383

 
1,366

 
(610
)
 
(16,551
)
 
47,588

Other income (expense), net
 
9

 
31

 
38

 
(6,466
)
 
(6,388
)
 
 
 
 
 
 
 
 
 
 
 
Income (loss) before income taxes and non-controlling interests
 
$
63,392

 
$
1,397

 
$
(572
)
 
$
(23,017
)
 
$
41,200


 
 
Three months ended September 30, 2014
(in thousands)
 
Mortgage
Services
 
Financial
Services
 
Technology
Services
 
Corporate
Items and
Eliminations
 
Consolidated
Altisource
 
 
 
 
 
 
 
 
 
 
 
Revenue
 
$
210,747

 
$
26,852

 
$
60,925

 
$
(10,836
)
 
$
287,688

Cost of revenue
 
129,312

 
17,123

 
52,087

 
(9,798
)
 
188,724

Gross profit (loss)
 
81,435

 
9,729

 
8,838

 
(1,038
)
 
98,964

Selling, general and administrative expenses
 
20,643

 
4,767

 
7,241

 
14,097

 
46,748

Income (loss) from operations
 
60,792

 
4,962

 
1,597

 
(15,135
)
 
52,216

Other income (expense), net
 
18

 
13

 
25

 
(6,405
)
 
(6,349
)
 
 
 
 
 
 
 
 
 
 
 
Income (loss) before income taxes and non-controlling interests
 
$
60,810

 
$
4,975

 
$
1,622

 
$
(21,540
)
 
$
45,867


 
 
Nine months ended September 30, 2015
(in thousands)
 
Mortgage
Services
 
Financial
Services
 
Technology
Services
 
Corporate
Items and
Eliminations
 
Consolidated
Altisource
 
 
 
 
 
 
 
 
 
 
 
Revenue
 
$
583,873

 
$
67,080

 
$
159,399

 
$
(28,773
)
 
$
781,579

Cost of revenue
 
350,238

 
46,058

 
144,565

 
(26,026
)
 
514,835

Gross profit (loss)
 
233,635

 
21,022

 
14,834

 
(2,747
)
 
266,744

Selling, general and administrative expenses
 
69,188

 
13,856

 
14,598

 
50,077

 
147,719

Income (loss) from operations
 
164,447

 
7,166

 
236

 
(52,824
)
 
119,025

Other income (expense), net
 
28

 
21

 
21

 
(21,843
)
 
(21,773
)
 
 
 
 
 
 
 
 
 
 
 
Income (loss) before income taxes and non-controlling interests
 
$
164,475

 
$
7,187

 
$
257

 
$
(74,667
)
 
$
97,252


 
 
Nine months ended September 30, 2014
(in thousands)
 
Mortgage
Services
 
Financial
Services
 
Technology
Services
 
Corporate
Items and
Eliminations
 
Consolidated
Altisource
 
 
 
 
 
 
 
 
 
 
 
Revenue
 
$
609,394

 
$
76,613

 
$
164,885

 
$
(27,863
)
 
$
823,029

Cost of revenue
 
361,960

 
47,794

 
135,833

 
(25,059
)
 
520,528

Gross profit (loss)
 
247,434

 
28,819

 
29,052

 
(2,804
)
 
302,501

Selling, general and administrative expenses
 
63,319

 
14,203

 
21,358

 
40,423

 
139,303

Income (loss) from operations
 
184,115

 
14,616

 
7,694

 
(43,227
)
 
163,198

Other income (expense), net
 
146

 
24

 
(97
)
 
(15,978
)
 
(15,905
)
 
 
 
 
 
 
 
 
 
 
 
Income (loss) before income taxes and non-controlling interests
 
$
184,261

 
$
14,640

 
$
7,597

 
$
(59,205
)
 
$
147,293

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

 
 

 
 

 
 

 
 

September 30, 2015
 
$
326,210

 
$
52,425

 
$
229,847

 
$
178,571

 
$
787,053

December 31, 2014
 
313,550

 
56,096

 
250,059

 
168,516

 
788,221

Schedule of premises and equipment, net by country
Premises and equipment, net consist of the following, by country:
(in thousands)
 
September 30,
2015
 
December 31,
2014
 
 
 
 
 
United States
 
$
91,014

 
$
88,274

India
 
23,208

 
27,082

Luxembourg
 
5,539

 
9,059

Philippines
 
2,655

 
3,344

 
 
 
 
 
Total
 
$
122,416

 
$
127,759