Segment Information

6 Months Ended

Jun. 30, 2011

Segment Reporting [Abstract]

Segment Information[Text Block]

Segment Information

In connection with the Separation, we reorganized our reportable segments into three reportable segments. On December 30, 2010, we completed the sale of our employer and litigation services businesses and as a result we currently have two reportable segments. During the first quarter of 2011, we changed the management oversight for our marketing services group and moved it from the corporate and eliminations group into the specialty finance component of our data and analytics segment. Prior period financial results have been recast to conform to this presentation.

• Data and Analytics: Our data and analytics segment owns or licenses data assets including loan information, criminal and eviction records, employment verification, property characteristic information and information on mortgage-backed securities. We both license our data directly to our customers and provide our customers with analytical products for risk management, collateral assessment, loan quality reviews and fraud assessment. Our primary customers are commercial banks, mortgage lenders and brokers, investment banks, fixed-income investors, real estate agents, property and casualty insurance companies, title insurance companies and government-sponsored enterprises.

Our data and analytics segment has two components: risk and fraud analytics, which is primarily oriented toward utilizing our property, mortgage and other data assets in custom and packaged risk management solutions, and our specialty finance solutions, which provides our credit, broker, multiple listing and marketing (primarily lead generation) services products.

Our data and analytics segment includes inter-company revenues of $3.3 million and $8.1 million for the three and six months ended June 30, 2011 compared to $4.4 million and $9.1 million for the three and six months ended June 30, 2010. The segment also includes inter-company expenses of $6.1 million and $13.2 million for the three and six months ended June 30, 2011 and $5.9 million and $9.4 million for the three and six months ended June 30, 2010.

• Business and Information Services: Our business and information services segment provides tax monitoring, flood zone certification and monitoring, mortgage default management services, mortgage loan administration and production services, mortgage-related business process outsourcing and property valuation and management services. We are also a provider of geospatial proprietary software and databases combining geographic mapping and data. The segment's primary customers are large, national mortgage lenders and servicers, but we also serve regional mortgage lenders and brokers, credit unions, commercial banks, government agencies and property and casualty insurance companies.

Our business and information services segment has two components: mortgage origination services, which is focused on the mortgage origination and servicing industry, and default and technology services, which is primarily oriented toward services required by owners/servicers of troubled mortgage assets and toward providing custom outsourcing solutions for a wide range of customers.

Our business and information services segment includes intercompany revenues of $0.5 million and $1.1 million for the three and six months ended June 30, 2011 compared to $3.1 million and $6.0 million for the three and six months ended June 30, 2010.  The segment also includes inter-company expenses of $11.6 million and $23.5 million for the three and six months ended June 30, 2011 and $9.9 million and $18.5 million for the three and six months ended June 30, 2010.

Corporate and eliminations consists primarily of investment gains and losses, corporate personnel, Indian off-shoring services, and other operating expenses associated with our corporate facilities, certain technology initiatives, equity in earnings of affiliates, net of tax, unallocated interest expense and elimination of inter-company revenues included in the results of the reportable segments.

Selected financial information by reportable segment is as follows:

(in thousands)
For three months ended June 30, 2011	Operating Revenue			Depreciation and Amortization		Income/(Loss) From Continuing Operations			Capital Expenditures
Data and Analytics	$	200,016		$	17,090	$	19,068		$	6,810
Business and Information Services	199,791			6,603		28,555			3,976
Corporate and Eliminations	(3,405		)	4,770		(15,890		)	3,467
Consolidated	$	396,402		$	28,463	$	31,733		$	14,253
For three months ended June 30, 2010
Data and Analytics	$	188,063		$	14,814	$	33,242		$	4,923
Business and Information Services	228,064			5,303		51,822			1,585
Corporate and Eliminations	(5,151		)	7,515		(75,554		)	596
Consolidated (excluding discontinued operations)	$	410,976		$	27,632	$	9,510		$	7,104
For six months ended June 30, 2011
Data and Analytics	$	403,243		$	32,388	$	79,752		$	11,486
Business and Information Services	406,113			11,669		61,897			6,674
Corporate and Eliminations	(8,960		)	9,617		(85,844		)	7,303
Consolidated	$	800,396		$	53,674	$	55,805		$	25,463
For six months ended June 30, 2010
Data and Analytics	$	369,530		$	29,813	$	62,336		$	6,578
Business and Information Services	444,156			10,624		94,527			5,717
Corporate and Eliminations	(4,842		)	13,166		(127,293		)	15,861
Consolidated (excluding discontinued operations)	$	808,844		$	53,603	$	29,570		$	28,156

(in thousands)
Assets	June 30, 2011		December 31, 2010
Data and Analytics	$	1,192,001	$	1,201,711
Business and Information Services	1,622,778		1,089,492
Corporate and Eliminations	446,973		928,629
Consolidated (excluding discontinued operations)	$	3,261,752	$	3,219,832