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Segment Information
 9 Months Ended
Sep. 30, 2015
Segment Reporting [Abstract]  
Segment Information
Segment Information

We have organized our reportable segments into two segments: D&A and TPS. We also separately report on our corporate and eliminations group.

Data & Analytics. Our D&A segment owns or licenses data assets including loan information, property sales and characteristic information, property risk and replacement cost, information on mortgage-backed securities, criminal and eviction records and employment verification information. 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 $1.1 million for the three months ended September 30, 2015 and 2014, respectively, and $3.8 million and $3.2 million for the nine months ended September 30, 2015 and 2014, respectively. The segment also includes intercompany expenses of $1.3 million and $1.4 million for the three months ended September 30, 2015 and 2014, respectively, and $3.9 million and $4.4 million for the nine months ended September 30, 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 $1.3 million for the three months ended September 30, 2015 and 2014, respectively, and $3.6 million and $4.4 million for the nine months ended September 30, 2015 and 2014, respectively. The segment also includes intercompany expenses of $1.1 million for each of the three months ended September 30, 2015 and 2014, and $3.5 million and $3.2 million for the nine months ended September 30, 2015 and 2014, respectively.

Corporate consists primarily of corporate personnel and other expenses associated with our corporate functions and facilities, investment gains and losses, 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 September 30, 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
 
$
170,509

 
$
24,552

 
$
27,196

 
$
(96
)
 
$
27,075

 
$
12,121

TPS
 
218,349

 
8,025

 
56,459

 
5,859

 
62,238

 
1,537

Corporate
 
—

 
3,863

 
(17,735
)
 
(2,266
)
 
(60,671
)
 
3,854

Eliminations
 
(2,419
)
 
—

 
—

 
—

 
—

 
—

Consolidated (excluding discontinued operations)
 
$
386,439

 
$
36,440

 
$
65,920

 
$
3,497

 
$
28,642

 
$
17,512

 
 
 
 
 
 
 
 
 
 
 
 
 
For the Three Months Ended September 30, 2014
 
 

 
 

 
 
 
 
 
 

 
 

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 Nine Months Ended September 30, 2015
 
 

 
 

 


 


 
 

 
 

D&A
 
$
510,644

 
$
75,978

 
$
78,479

 
$
(1,000
)
 
$
77,320

 
$
41,492

TPS
 
633,962

 
21,342

 
157,746

 
20,589

 
178,096

 
4,236

Corporate
 
37

 
12,311

 
(60,332
)
 
(7,658
)
 
(164,010
)
 
11,987

Eliminations
 
(7,419
)
 
—

 
—

 
—

 
—

 
—

Consolidated (excluding discontinued operations)
 
$
1,137,224

 
$
109,631

 
$
175,893

 
$
11,931

 
$
91,406

 
$
57,715


 


 


 


 


 


 


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


(in thousands)
 
As of
 
As of
Assets
 
September 30, 2015
 
December 31, 2014
D&A
 
$
1,986,847

 
$
1,886,478

TPS
 
1,293,911

 
1,297,903

Corporate
 
5,211,079

 
5,102,328

Eliminations
 
(4,890,294
)
 
(4,774,614
)
Consolidated (excluding assets of discontinued operations)
 
$
3,601,543

 
$
3,512,095