XML 41 R30.htm IDEA: XBRL DOCUMENT v3.21.2
Note 4 - Segment Reporting (Tables)
 9 Months Ended
Sep. 30, 2021
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.
Reconciliation of adjusted pretax operating income (loss) by segment
Three Months Ended
September 30,		Nine Months Ended
September 30,
(In thousands)2021202020212020
Adjusted pretax operating income (loss)
Mortgage$163,124 $147,336 $528,873 $267,182 
homegenius(5,557)(5,046)(25,208)(12,108)
Total adjusted pretax operating income (loss) for reportable segments (1)
157,567 142,290 503,665 255,074 
All Other adjusted pretax operating income (loss)3,082 2,690 9,019 6,006 
Net gains (losses) on investments and other financial instruments2,098 17,652 12,578 42,901 
Amortization and impairment of other acquired intangible assets(862)(961)(2,587)(2,919)
Impairment of other long-lived assets and other non-operating items (244)(466)(4,349)(788)
Consolidated pretax income$161,641 $161,205 $518,326 $300,274 
(1)Includes allocated corporate operating expenses and depreciation expense as follows.
Three Months Ended
September 30,		Nine Months Ended
September 30,
(In thousands)2021202020212020
Mortgage
Allocated corporate operating expenses (a)
$34,341 $29,127 $95,225 $83,700 
Direct depreciation expense2,240 2,895 7,342 9,719 
homegenius
Allocated corporate operating expenses (b)
$4,918 $3,248 $13,635 $9,438 
Direct depreciation expense639 679 1,828 2,113 
(a)Includes allocated depreciation expense of $0.8 million and $2.5 million for the three and nine months ended September 30, 2021, respectively, and $0.8 million and $1.7 million for the three and nine months ended September 30, 2020, respectively.
(b)Includes allocated depreciation expense of $0.1 million and $0.4 million for the three and nine months ended September 30, 2021, respectively, and $0.1 million and $0.2 million for the three and nine months ended September 30, 2020, respectively.
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
September 30,		Nine Months Ended
September 30,
(In thousands)2021202020212020
Revenues
Mortgage (1)
$274,659 $320,013 $862,757 $922,040 
homegenius (2)
45,091 29,793 104,337 78,866 
Total revenues for reportable segments319,750 349,806 967,094 1,000,906 
All Other revenues (1)
3,996 8,641 12,100 25,869 
Net gains (losses) on investments and other financial instruments2,098 17,652 12,578 42,901 
Other non-operating revenue— — — 247 
Elimination of inter-segment revenues(86)(865)(207)(1,167)
Total revenues$325,758 $375,234 $991,565 $1,068,756 
(1)Includes immaterial inter-segment revenues for the nine months ended September 30, 2020.
(2)Includes immaterial inter-segment revenues for the three and nine months ended September 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
September 30,		Nine Months Ended
September 30,
(In thousands)2021202020212020
homegenius services
Title services$12,926 $5,085 $30,382 $17,671 
Asset management services9,538 7,379 20,976 22,275 
Valuation services 9,418 7,177 22,798 17,195 
SaaS and other real estate services837 2,120 2,742 5,340 
Mortgage services 5,027 3,914 13,110 10,965 
All Other services (1)
27 8,268 124 20,499 
Total services revenue $37,773 $33,943 $90,132 $93,945 
(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.