Segment Information

9 Months Ended

Sep. 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 ELI 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 business and moved it from the corporate and eliminations group into the specialty finance component of our data and analytics segment. As of September 30, 2011, we closed our marketing services business. Furthermore, we are actively seeking the sale of our consumer services (Consumer Credit Monitoring Services), transportation services (comprised of our American Driving Records and CompuNet Credit Services business units) and our wholly-owned appraisal management businesses which are all presented as discontinued operations as of September 30, 2011. Consumer services was formerly included in the specialty finance component of our data and analytics segment. Transportation services was formerly included in the default and technology services component of our business and information services segment. Appraisal management services was formerly included in the mortgage origination services component of our business and information services 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, and MLS products.

Our data and analytics segment includes inter-company revenues of $3.3 million and $11.2 million for the three and nine months ended September 30, 2011 compared to $2.9 million and $11.9 million for the three and nine months ended September 30, 2010. The segment also includes inter-company expenses of $5.1 million and $17.7 million for the three and nine months ended September 30, 2011 and $4.5 million and $13.8 million for the three and nine months ended September 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 $2.3 million and $3.3 million for the three and nine months ended September 30, 2011 compared to $0.4 million and $2.9 million for the three and nine months ended September 30, 2010.  The segment also includes inter-company expenses of $8.1 million and $30.0 million for the three and nine months ended September 30, 2011 and $9.8 million and $27.1 million for the three and nine months ended September 30, 2010.

Corporate and eliminations consists primarily of investment gains and losses, corporate personnel, 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 September 30, 2011	Operating Revenue			Depreciation and Amortization		Income/(Loss) From Continuing Operations			Capital Expenditures
Data and Analytics	$	184,509		$	23,495	$	30,017		$	4,288
Business and Information Services	169,587			6,891		36,915			4,463
Corporate and Eliminations	(5,650		)	4,458		(69,824		)	2,133
Consolidated (excluding discontinued operations)	$	348,446		$	34,844	$	(2,892	)	$	10,884
For three months ended September 30, 2010
Data and Analytics	$	161,185		$	12,913	$	38,951		$	2,827
Business and Information Services	174,955			4,902		52,738			2,736
Corporate and Eliminations	(5,994		)	5,680		(32,253		)	9,357
Consolidated (excluding discontinued operations)	$	330,146		$	23,495	$	59,436		$	14,920
For nine months ended September 30, 2011
Data and Analytics	$	514,216		$	52,337	$	117,655		$	13,295
Business and Information Services	493,542			17,748		102,434			10,827
Corporate and Eliminations	(14,609		)	14,075		(160,272		)	9,436
Consolidated (excluding discontinued operations)	$	993,149		$	84,160	$	59,817		$	33,558
For nine months ended September 30, 2010
Data and Analytics	$	464,374		$	38,773	$	99,597		$	9,207
Business and Information Services	511,371			14,579		138,494			7,255
Corporate and Eliminations	(10,835		)	18,846		(155,362		)	29,272
Consolidated (excluding discontinued operations)	$	964,910		$	72,198	$	82,729		$	45,734

(in thousands)
Assets	September 30, 2011		December 31, 2010
Data and Analytics	$	1,391,144	$	1,169,766
Business and Information Services	1,156,085		1,027,062
Corporate and Eliminations	498,764		777,277
Consolidated (excluding discontinued operations)	$	3,045,993	$	2,974,105