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Note 4 - Segment Reporting (Tables)
9 Months Ended
Sep. 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 is as follows:
Three Months Ended
September 30,
Nine Months Ended
September 30,
(In thousands)2020201920202019
Adjusted pretax operating income (loss):
Mortgage (1)
$145,836 $209,601 $263,182 $627,942 (2)
Real Estate (3)
(5,941)(2,541)(15,625)(10,238)
Total adjusted pretax operating income (loss) for reportable segments
139,895 207,060 247,557 617,704 
All Other adjusted pretax operating income (loss)
5,085 5,683 13,523 12,948 
Net gains (losses) on investments and other financial instruments
17,652 13,009 42,901 47,462 
Loss on extinguishment of debt
— (5,940)— (22,738)
Amortization and impairment of other acquired intangible assets
(961)(2,139)(2,919)(6,465)
Impairment of other long-lived assets and other non-operating items
(466)— (788)(5,557)
Consolidated pretax income$161,205 $217,673 $300,274 $643,354 
______________________
(1)Includes allocated corporate operating expenses and depreciation expense as follows:
Three Months Ended
September 30,
Nine Months Ended
September 30,
(In thousands)2020201920202019
Allocated corporate operating expenses$29,435 $26,671 $83,700 $76,684 
Depreciation expense2,895 3,817 9,719 11,528 
(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
September 30,
Nine Months Ended
September 30,
(In thousands)2020201920202019
Allocated corporate operating expenses$3,818 $2,910 $10,993 $8,364 
Depreciation expense683 561 2,125 1,769 
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
September 30,
Nine Months Ended
September 30,
(In thousands)2020201920202019
Revenues:
Mortgage (1)
$320,013 $317,646 $922,040 $956,660 (2)
Real Estate (1)
33,328 30,139 88,003 80,789 
Total revenues for reportable segments
353,341 347,785 1,010,043 1,037,449 
All Other revenues (3)
5,858 19,812 19,984 55,170 
Net gains (losses) on investments and other financial instruments
17,652 13,009 42,901 47,462 
Other non-operating revenue— — 247 — 
Elimination of inter-segment revenues (3)
(1,617)(268)(4,419)(1,150)
Total revenues$375,234 $380,338 $1,068,756 $1,138,931 
______________________
(1)Includes immaterial inter-segment revenues for the three and nine months ended September 30, 2020 and 2019.
(2)Includes a cumulative adjustment to unearned premiums recorded in the second quarter of 2019 as further described above.
(3)Includes $1.5 million and $4.0 million for the three and nine months ended September 30, 2020, respectively, related to the $200 million 3% intercompany surplus note issued by Radian Guaranty to Radian Group in January 2020.
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
September 30,
Nine Months Ended
September 30,
(In thousands)2020201920202019
Services revenue
Real Estate services:
Valuation services $11,881 $14,772 $31,519 $40,836 
Title services9,081 4,590 25,445 11,189 
Asset management services8,453 6,567 21,791 19,300 
Other real estate services614 335 1,364 407 
Mortgage services 3,914 2,340 10,965 4,856 
All Other services (1)
— 13,905 2,861 37,977 
Total services revenue $33,943 $42,509 $93,945 $114,565 
______________________
(1)Includes services revenue from Clayton prior to its sale in January 2020.