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Note 3 - Segment Reporting (Tables)
6 Months Ended
Jun. 30, 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 to consolidated pretax income (loss) is as follows:
Three Months Ended
June 30,
Six Months Ended
June 30,
(In thousands)2020201920202019
Adjusted pretax operating income (loss):
Mortgage (1)
$(88,321) $214,710  (2)$117,346  $418,341  (2)
Real Estate (3)
(4,817) (3,772) (9,684) (7,697) 
Total adjusted pretax operating income (loss) for reportable segments
(93,138) 210,938  107,662  410,644  
All Other adjusted pretax operating income (loss)
4,639  4,901  8,438  7,265  
Net gains (losses) on investments and other financial instruments
47,276  12,540  25,249  34,453  
Loss on extinguishment of debt
—  (16,798) —  (16,798) 
Amortization and impairment of other acquired intangible assets
(979) (2,139) (1,958) (4,326) 
Impairment of other long-lived assets and other non-operating items
(22) 103  (322) (5,557) 
Consolidated pretax income (loss)
$(42,224) $209,545  $139,069  $425,681  
______________________
(1)Includes allocated corporate operating expenses and depreciation expense as follows:
Three Months Ended
June 30,
Six Months Ended
June 30,
(In thousands)2020201920202019
Allocated corporate operating expenses$25,191  $24,388  $54,265  $50,013  
Depreciation expense3,112  3,849  6,824  7,711  
(2)Includes a cumulative adjustment to unearned premiums recorded in the second quarter of 2019, as further described below.
(3)Includes allocated corporate operating expenses and depreciation expense as follows:
Three Months Ended
June 30,
Six Months Ended
June 30,
(In thousands)2020201920202019
Allocated corporate operating expenses$3,339  $2,659  $7,175  $5,454  
Depreciation expense776  615  1,442  1,208  
Our results for the second quarter of 2019 include a $32.9 million increase in net premiums earned and a $0.12 increase in net income per share due to a reduction in our unearned premiums, resulting from a cumulative adjustment related to an update to the amortization rates used to recognize revenue for Single Premium Policies. See Note 2 of Notes to Consolidated Financial Statements in our 2019 Form 10-K for additional information regarding this adjustment and our accounting policies for insurance premiums revenue recognition.
Reconciliation of Revenue from Segments to Consolidated [Table Text Block]
The reconciliation of revenue for our reportable segments to consolidated revenues is as follows:
Three Months Ended
June 30,
Six Months Ended
June 30,
(In thousands)2020201920202019
Revenues:
Mortgage (1)
$286,943  $336,644  (2)$602,027  $639,014  (2)
Real Estate (1)
26,092  27,627  54,675  50,650  
Total revenues for reportable segments
313,035  364,271  656,702  689,664  
All Other revenues6,493  18,519  14,126  35,358  
Net gains (losses) on investments and other financial instruments
47,276  12,540  25,249  34,453  
Other non-operating revenue247  —  247  —  
Elimination of inter-segment revenues(2,610) (366) (2,802) (882) 
Total revenues$364,441  $394,964  $693,522  $758,593  
______________________
(1)Includes immaterial inter-segment revenues for the three and six months ended June 30, 2020 and 2019.
(2)Includes a cumulative adjustment to unearned premiums recorded in the second quarter of 2019 as further described above.
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
June 30,
Six Months Ended
June 30,
(In thousands)2020201920202019
Services revenue
Real Estate services:
Valuation services $7,794  $13,358  $19,638  $26,064  
Title services9,059  4,999  16,364  6,599  
Asset management services6,964  6,461  13,338  12,733  
Other real estate services340  72  750  72  
Mortgage services 3,918  1,872  7,051  2,516  
All Other services—  12,541  2,861  24,072  
Total services revenue $28,075  $39,303  $60,002  $72,056