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Segment Information
 9 Months Ended
Sep. 30, 2014
Segment Reporting [Abstract]  
Segment Information
Segment Information

We have organized our reportable segments into the following two segments: D&A and TPS. In September 2014, we concluded that we would cease pursuing the sale of the remaining AMPS related product lines. As a result, our technology solutions, solutions express and outsourcing services are now reported within our TPS segment. Also, in September, 2014, we transferred our under-banked credit services business from our D&A segment to our TPS segment. All segment reporting disclosures presented herein reflect these transfers. See Note 1 - Basis of Condensed Consolidated Financial Statements for further discussion.

Data & Analytics. Our D&A segment owns or licenses data assets including loan information, criminal and eviction records, employment verification, property sales and characteristic information, property risk and replacement cost, and information on mortgage-backed securities. We both license our data directly to our customers and provide our customers with analytical products and workflow solutions for risk management, multiple listing services, insurance underwriting, collateral assessment, loan quality reviews and fraud assessment. We are also a provider of geospatial proprietary software and databases combining geographic mapping and our data assets. Our primary customers are commercial banks, mortgage lenders and brokers, investment banks, fixed-income investors, real estate agents, multiple listing service companies ("MLS") property and casualty insurance companies, title insurance companies and government agencies and sponsored enterprises.

Our D&A segment includes intercompany revenues of $1.1 million and $1.5 million for the three months ended September 30, 2014 and 2013, respectively, and $3.2 million and $7.4 million for the nine months ended September 30, 2014 and 2013, respectively. The segment also includes intercompany expenses of $1.4 million and $1.2 million for the three months ended September 30, 2014 and 2013, respectively, and $4.4 million and $1.2 million for the nine months ended September 30, 2014 and 2013, respectively.

Technology and Processing Solutions. Our TPS segment provides property tax monitoring, flood zone certification and monitoring, credit services, mortgage loan administration and production services, lending solutions, mortgage-related business process outsourcing, technology solutions and compliance-related services. 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 casualty insurance companies.

Our TPS segment includes intercompany revenues of $1.3 million and $1.0 million for the three months ended September 30, 2014 and 2013, respectively, and $4.4 million and $2.6 million for the nine months ended September 30, 2014 and 2013, respectively. The segment also includes intercompany expenses of $1.1 million and $1.7 million for the three months ended September 30, 2014 and 2013, respectively, and $3.2 million and $7.4 million for the nine months ended September 30, 2014 and 2013, respectively.

Corporate consists primarily of investment gains and losses, corporate personnel and other expenses associated with our corporate functions and facilities, equity in earnings of affiliates, net of tax, and interest expense.

It is impracticable to disclose revenues from external customers for each product and service offered.

Selected financial information by reportable segment is as follows:

(in thousands)
 
 
 
 
 
 
 
 
 
 
 
 
For the Three Months Ended September 30, 2014
 
Operating Revenues
 
Depreciation and Amortization
 
Operating Income/(Loss)
 
Equity in Earnings/(Loss) of Affiliates, Net of Tax
 
Net Income/(Loss) From Continuing Operations
 
Capital Expenditures
D&A
 
$
173,554

 
$
26,250

 
$
32,387

 
$
230

 
$
33,251

 
$
14,367

TPS
 
196,282

 
6,571

 
44,608

 
6,312

 
50,846

 
1,855

Corporate
 
94

 
2,944

 
760

 
(2,510
)
 
(33,974
)
 
3,278

Eliminations
 
(2,476
)
 
—

 
—

 
—

 
—

 
—

Consolidated (excluding discontinued operations)
 
$
367,454

 
$
35,765

 
$
77,755

 
$
4,032

 
$
50,123

 
$
19,500

 
 
 
 
 
 
 
 
 
 
 
 
 
For the Three Months Ended September 30, 2013
 
 

 
 

 
 
 
 
 
 

 
 

D&A
 
$
140,804

 
$
18,659

 
$
29,331

 
$
456

 
$
36,592

 
$
13,996

TPS
 
218,170

 
7,985

 
49,411

 
8,786

 
59,311

 
6,076

Corporate
 
148

 
2,792

 
(17,381
)
 
(3,526
)
 
(52,476
)
 
7,051

Eliminations
 
(2,541
)
 
—

 
—

 
—

 
—

 
—

Consolidated (excluding discontinued operations)
 
$
356,581

 
$
29,436

 
$
61,361

 
$
5,716

 
$
43,427

 
$
27,123


 


 


 


 


 


 


For the Nine Months Ended September 30, 2014
 
 

 
 

 


 


 
 

 
 

D&A
 
$
483,182

 
$
72,155

 
$
76,343

 
$
15

 
$
76,990

 
$
42,014

TPS
 
583,921

 
19,665

 
102,588

 
16,700

 
125,019

 
6,687

Corporate
 
20

 
8,816

 
(45,331
)
 
(6,426
)
 
(127,829
)
 
13,628

Eliminations
 
(7,595
)
 
—

 
—

 
—

 
—

 
—

Consolidated (excluding discontinued operations)
 
$
1,059,528

 
$
100,636

 
$
133,600

 
$
10,289

 
$
74,180

 
$
62,329


 


 


 


 


 


 


For the Nine Months Ended September 30, 2013
 
 

 
 

 


 


 
 

 
 

D&A
 
$
430,190

 
$
55,137

 
$
82,256

 
$
1,639

 
$
90,990

 
$
40,348

TPS
 
655,565

 
23,115

 
154,795

 
36,648

 
192,337

 
14,502

Corporate
 
493

 
18,445

 
(75,643
)
 
(14,439
)
 
(173,666
)
 
25,612

Eliminations
 
(10,369
)
 
—

 
—

 
—

 
—

 
—

Consolidated (excluding discontinued operations)
 
$
1,075,879

 
$
96,697

 
$
161,408

 
$
23,848

 
$
109,661

 
$
80,462


(in thousands)
 
As of
 
As of
Assets
 
September 30, 2014
 
December 31, 2013
D&A
 
$
1,909,391

 
$
1,306,023

TPS
 
1,271,995

 
1,257,195

Corporate
 
5,140,393

 
4,499,268

Eliminations
 
(4,752,032
)
 
(4,098,281
)
Consolidated (excluding assets of discontinued operations)
 
$
3,569,747

 
$
2,964,205