Note 4 - Segment Reporting (Tables)

3 Months Ended

Mar. 31, 2021

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 March 31,
(In thousands)	2021		2020
Adjusted pretax operating income (loss):
Mortgage	$	174,287	$	205,667
Real Estate	(10,453)		(3,153)
Total adjusted pretax operating income (loss) for reportable segments (1)	163,834		202,514
All Other adjusted pretax operating income (loss)	3,482		2,085
Net gains (losses) on investments and other financial instruments	(5,181)		(22,027)

Amortization and impairment of other acquired intangible assets	(862)		(979)
Impairment of other long-lived assets and other non-operating items	(84)		(300)
Consolidated pretax income	$	161,189	$	181,293

(1)Includes allocated corporate operating expenses and depreciation expense as follows.


	Three Months Ended March 31,
(In thousands)	2021		2020
Mortgage:
Allocated corporate operating expenses	$	27,884	$	29,214
Depreciation expense	1,810		3,270

Real Estate:
Allocated corporate operating expenses	$	3,996	$	3,367
Depreciation expense	454		610

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 March 31,
(In thousands)	2021		2020
Revenues:
Mortgage (1)	$	303,797	$	315,084
Real Estate (2)	25,795		26,525
Total revenues for reportable segments	329,592		341,609
All Other revenues (1)	4,461		9,691
Net gains (losses) on investments and other financial instruments	(5,181)		(22,027)

Elimination of inter-segment revenues	(59)		(192)
Total revenues	$	328,813	$	329,081

(1)Includes immaterial inter-segment revenues for the three months ended March 31, 2020.

(2)Includes immaterial inter-segment revenues for the three months ended March 31, 2021 and 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 March 31,
(In thousands)	2021		2020
Real Estate services:
Title services	$	8,057	$	6,565
Asset management services	5,534		8,690
Valuation services	4,886		7,233
Other real estate services	14		653
Mortgage services	4,351		3,133
All Other services (1)	53		5,653
Total services revenue	$	22,895	$	31,927

(1)Includes services revenue from Clayton prior to its sale in January 2020 and amounts related to our traditional appraisal business, which we wound down beginning in the fourth quarter of 2020.