Note 3 - Segment Reporting (Tables)

3 Months Ended

Mar. 31, 2020

Segment Reporting [Abstract]

Reconciliation of Operating Profit (Loss) from Segments to Consolidated [Table Text Block]

The reconciliation of adjusted pretax operating income (loss) for our reportable segments and All Other activities to consolidated pretax income is as follows:

	Three Months Ended March 31,
(In thousands)	2020			2019
Adjusted pretax operating income (loss):
Mortgage (1)	$	205,667		$	203,631
Real Estate (2)	(4,867		)	(3,925		)
Total adjusted pretax operating income (loss) for reportable segments	200,800			199,706
All Other adjusted pretax operating income (loss)	3,799			2,364
Net gains (losses) on investments and other financial instruments	(22,027		)	21,913
Amortization and impairment of other acquired intangible assets	(979		)	(2,187		)
Impairment of other long-lived assets and other non-operating items	(300		)	(5,660		)
Consolidated pretax income	$	181,293		$	216,136

______________________

(1) For the three months ended March 31, 2020, includes allocated corporate operating expenses and depreciation expense of $29.1 million and $3.7 million, respectively. For the three months ended March 31, 2019, includes allocated corporate operating expenses and depreciation expense of $25.6 million and $3.9 million, respectively.

(2)

For the three months ended March 31, 2020, includes allocated corporate operating expenses and depreciation expense of $3.8 million and $0.7 million, respectively. For the three months ended March 31, 2019, includes allocated corporate operating expenses and depreciation expense of $2.8 million and $0.6 million, respectively.

Reconciliation of Revenue from Segments to Consolidated [Table Text Block]

The reconciliation of revenue for our reportable segments and All Other activities to consolidated revenues is as follows:

	Three Months Ended March 31,
(In thousands)	2020			2019
Revenues:
Mortgage (1)	$	315,084		$	302,370
Real Estate (1)	28,583			23,023
Total revenues for reportable segments	343,667			325,393
All Other revenues	7,633			16,839
Net gains (losses) on investments and other financial instruments	(22,027		)	21,913
Elimination of inter-segment revenues	(192		)	(516		)
Total revenues	$	329,081		$	363,629

______________________

(1)

Includes immaterial inter-segment revenues for the three months ended March 31, 2020 and 2019.

Services Revenue [Table Text Block]

The table below, which represents total services revenue on our condensed consolidated statements of operations for the periods indicated, represents the disaggregation of services revenues from external customers, by type:

	Three Months Ended March 31,
(In thousands)	2020		2019
Services revenue
Real Estate services:
Valuation services	$	11,844	$	12,706
Title services	7,305		1,600
Asset management services	6,374		6,272
Other real estate services	410		—
Mortgage services	3,133		644
All Other services	2,861		11,531
Total services revenue	$	31,927	$	32,753