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Segment Information
 3 Months Ended
Mar. 31, 2015
Segment Reporting [Abstract]  
Segment Information
Segment Information

We have organized our reportable segments into the following two segments: D&A and TPS.

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 clients and provide our clients with analytical products and workflow solutions for risk management, multiple listing services ("MLS"), 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 clients are commercial banks, mortgage lenders and brokers, investment banks, fixed-income investors, real estate agents, MLS companies, property and casualty insurance companies, title insurance companies and government agencies and sponsored enterprises.

Our D&A segment includes intercompany revenues of $1.2 million and $0.8 million for the three months ended March 31, 2015 and 2014, respectively. The segment also includes intercompany expenses of $1.3 million and $0.7 million for the three months ended March 31, 2015 and 2014, 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 clients 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 $1.2 million and $1.6 million for the three months ended March 31, 2015 and 2014, respectively. The segment also includes intercompany expenses of $1.1 million and $0.7 million for the three months ended March 31, 2015 and 2014, 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 clients for each product and service offered.

Selected financial information by reportable segment is as follows:

(in thousands)
 
 
 
 
 
 
 
 
 
 
 
 
For the Three Months Ended March 31, 2015
 
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
 
$
165,551

 
$
25,603

 
$
26,406

 
$
(522
)
 
$
25,844

 
$
16,934

TPS
 
201,620

 
6,772

 
44,178

 
6,663

 
50,765

 
1,437

Corporate
 
18

 
3,545

 
(21,319
)
 
(2,375
)
 
(47,111
)
 
4,270

Eliminations
 
(2,417
)
 
—

 
—

 
—

 
—

 
—

Consolidated (excluding discontinued operations)
 
$
364,772

 
$
35,920

 
$
49,265

 
$
3,766

 
$
29,498

 
$
22,641

 
 
 
 
 
 
 
 
 
 
 
 
 
For the Three Months Ended March 31, 2014
 
 

 
 

 
 
 
 
 
 

 
 

D&A
 
$
138,858

 
$
20,092

 
$
15,816

 
$
(13
)
 
$
15,780

 
$
12,250

TPS
 
189,613

 
6,479

 
25,280

 
3,977

 
29,123

 
2,861

Corporate
 
58

 
2,935

 
(26,269
)
 
(1,582
)
 
(47,816
)
 
5,501

Eliminations
 
(2,425
)
 
—

 
—

 
—

 
—

 
—

Consolidated (excluding discontinued operations)
 
$
326,104

 
$
29,506

 
$
14,827

 
$
2,382

 
$
(2,913
)
 
$
20,612


(in thousands)
 
As of
 
As of
Assets
 
March 31, 2015
 
December 31, 2014
D&A
 
$
1,854,351

 
$
1,886,478

TPS
 
1,301,870

 
1,297,903

Corporate
 
5,087,681

 
5,102,328

Eliminations
 
(4,774,650
)
 
(4,774,614
)
Consolidated (excluding assets of discontinued operations)
 
$
3,469,252

 
$
3,512,095