CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME - USD ($) shares in Thousands, $ in Thousands |
3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Jun. 30, 2016 |
Jun. 30, 2015 |
Jun. 30, 2016 |
Jun. 30, 2015 |
|
| Income Statement [Abstract] | ||||
| Revenue | $ 255,799 | $ 268,321 | $ 505,931 | $ 508,803 |
| Cost of revenue | 174,371 | 168,159 | 343,234 | 340,985 |
| Gross profit | 81,428 | 100,162 | 162,697 | 167,818 |
| Selling, general and administrative expenses | 54,207 | 51,566 | 107,823 | 103,972 |
| Change in the fair value of Equator Earn Out | 0 | (7,591) | 0 | (7,591) |
| Income from operations | 27,221 | 56,187 | 54,874 | 71,437 |
| Other income (expense), net: | ||||
| Interest expense | (5,988) | (7,195) | (12,529) | (14,355) |
| Gain (loss) on HLSS equity securities and dividends received | 0 | 1,431 | 0 | (1,854) |
| Other income (expense), net | 2,744 | 821 | 2,717 | 824 |
| Total other income (expense), net | (3,244) | (4,943) | (9,812) | (15,385) |
| Income before income taxes and non-controlling interests | 23,977 | 51,244 | 45,062 | 56,052 |
| Income tax provision | (3,291) | (4,398) | (5,484) | (4,798) |
| Net income | 20,686 | 46,846 | 39,578 | 51,254 |
| Net income attributable to non-controlling interests | (692) | (896) | (1,090) | (1,606) |
| Net income attributable to Altisource | $ 19,994 | $ 45,950 | $ 38,488 | $ 49,648 |
| Earnings per share: | ||||
| Basic (in usd per share) | $ 1.08 | $ 2.35 | $ 2.06 | $ 2.50 |
| Diluted (in usd per share) | $ 1.02 | $ 2.22 | $ 1.94 | $ 2.38 |
| Weighted average shares outstanding: | ||||
| Basic (in shares) | 18,437 | 19,571 | 18,646 | 19,870 |
| Diluted (in shares) | 19,604 | 20,669 | 19,822 | 20,830 |
| Comprehensive income: | ||||
| Unrealized loss on securities, net of income tax benefit of $3,249, $0, $2,960, $0 | $ (7,871) | $ 0 | $ (7,172) | $ 0 |
| Comprehensive income, net of tax | 12,815 | 46,846 | 32,406 | 51,254 |
| Comprehensive income attributable to non-controlling interests | (692) | (896) | (1,090) | (1,606) |
| Comprehensive income attributable to Altisource | $ 12,123 | $ 45,950 | $ 31,316 | $ 49,648 |