Note 4 - Segment Reporting (Tables)

6 Months Ended

Jun. 30, 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 (loss) is as follows.


Reconciliation of adjusted pretax operating income (loss) by segment

	Three Months Ended June 30,				Six Months Ended June 30,
(In thousands)	2021		2020		2021		2020
Adjusted pretax operating income (loss)
Mortgage	$	191,462	$	(85,821)	$	365,749	$	119,846
homegenius	(9,198)		(3,909)		(19,651)		(7,062)
Total adjusted pretax operating income (loss) for reportable segments (1)	182,264		(89,730)		346,098		112,784
All Other adjusted pretax operating income (loss)	2,455		1,231		5,937		3,316
Net gains (losses) on investments and other financial instruments	15,661		47,276		10,480		25,249

Amortization and impairment of other acquired intangible assets	(863)		(979)		(1,725)		(1,958)
Impairment of other long-lived assets and other non-operating items	(4,021)		(22)		(4,105)		(322)
Consolidated pretax income (loss)	$	195,496	$	(42,224)	$	356,685	$	139,069

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


	Three Months Ended June 30,				Six Months Ended June 30,
(In thousands)	2021		2020		2021		2020
Mortgage
Allocated corporate operating expenses	$	33,000	$	25,359	$	60,884	$	54,573
Depreciation expense	1,660		2,656		3,470		5,926
homegenius
Allocated corporate operating expenses	$	4,721	$	2,823	$	8,717	$	6,190
Depreciation expense	491		719		945		1,329

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

The reconciliation of revenue for our reportable segments to consolidated revenues is as follows.


Reconciliation of revenues by segment

	Three Months Ended June 30,				Six Months Ended June 30,
(In thousands)	2021		2020		2021		2020
Revenues
Mortgage (1)	$	284,301	$	286,943	$	588,098	$	602,027
homegenius (2)	33,451		22,548		59,246		49,073
Total revenues for reportable segments	317,752		309,491		647,344		651,100
All Other revenues (1)	3,643		7,537		8,104		17,228
Net gains (losses) on investments and other financial instruments	15,661		47,276		10,480		25,249
Other non-operating revenue	—		247		—		247
Elimination of inter-segment revenues	(62)		(110)		(121)		(302)
Total revenues	$	336,994	$	364,441	$	665,807	$	693,522

(1)Includes immaterial inter-segment revenues for the three and six months ended June 30, 2020.

(2)Includes immaterial inter-segment revenues for the three and six months ended June 30, 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.


Services revenue

	Three Months Ended June 30,				Six Months Ended June 30,
(In thousands)	2021		2020		2021		2020
homegenius services
Title services	$	9,399	$	6,021	$	17,456	$	12,586
Asset management services	6,824		6,036		11,438		14,896
Valuation services	8,494		3,837		13,380		10,018
SaaS	909		1,099		1,829		1,981
Other real estate services	62		586		76		1,239
Mortgage services	3,732		3,918		8,083		7,051
All Other services (1)	44		6,578		97		12,231
Total services revenue	$	29,464	$	28,075	$	52,359	$	60,002

(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.