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Document and Entity Information - shares	6 Months Ended
Document and Entity Information - shares	Jun. 30, 2016	Jul. 15, 2016
Document and Entity Information
Entity Registrant Name	Altisource Portfolio Solutions S.A.
Entity Central Index Key	0001462418
Document Type	10-Q
Document Period End Date	Jun. 30, 2016
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Entity Current Reporting Status	Yes
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		18,349,451
Document Fiscal Year Focus	2016
Document Fiscal Period Focus	Q2

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)	Jun. 30, 2016	Dec. 31, 2015
Current assets:
Cash and cash equivalents	$ 120,486,000	$ 179,327,000
Available for sale securities	38,087,000	0
Accounts receivable, net	100,165,000	105,023,000
Prepaid expenses and other current assets	27,747,000	21,751,000
Total current assets	286,485,000	306,101,000
Premises and equipment, net	114,576,000	119,121,000
Goodwill	81,406,000	82,801,000
Intangible assets, net	173,406,000	197,003,000
Deferred tax assets, net	6,917,000	3,619,000
Other assets	12,686,000	13,153,000
Total assets	675,476,000	721,798,000
Current liabilities:
Accounts payable and accrued expenses	88,748,000	91,871,000
Current portion of long-term debt	5,945,000	5,945,000
Deferred revenue	11,717,000	15,060,000
Other current liabilities	14,309,000	16,266,000
Total current liabilities	120,719,000	129,142,000
Long-term debt, less current portion	469,776,000	522,233,000
Other non-current liabilities	16,561,000	18,153,000
Commitments, contingencies and regulatory matters (Note 22)
Equity:
Common stock ($1.00 par value; 25,413 shares authorized and issued and 18,350 outstanding as of June 30, 2016; 25,413 shares authorized and issued and 19,021 outstanding as of December 31, 2015)	25,413,000	25,413,000
Additional paid-in capital	99,890,000	96,321,000
Retained earnings	403,460,000	369,270,000
Accumulated other comprehensive loss	(7,172,000)	0
Treasury stock, at cost (7,063 shares as of June 30, 2016 and 6,392 shares as of December 31, 2015)	(454,488,000)	(440,026,000)
Altisource equity	67,103,000	50,978,000
Non-controlling interests	1,317,000	1,292,000
Total equity	68,420,000	52,270,000
Total liabilities and equity	$ 675,476,000	$ 721,798,000

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Jun. 30, 2016	Dec. 31, 2015
Statement of Financial Position [Abstract]
Common stock, par value (in usd per share)	$ 1.00	$ 1.00
Common stock, shares authorized (in shares)	25,413,000	25,413,000
Common stock, shares issued (in shares)	25,413,000	25,413,000
Common stock, shares outstanding (in shares)	18,350,000	19,021,000
Treasury stock, shares (in shares)	7,063,000	6,392,000

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

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Income Statement [Abstract]
Income tax loss on securities	$ (3,249)	$ 0	$ (2,960)	$ 0

CONDENSED CONSOLIDATED STATEMENTS OF EQUITY - USD ($) shares in Thousands, $ in Thousands	Total	Common stock	Additional paid-in capital	Retained earnings	Accumulated other comprehensive income	Treasury stock, at cost	Non-controlling interests
Balance at Dec. 31, 2014	$ 41,443	$ 25,413	$ 91,509	$ 367,967	$ 0	$ (444,495)	$ 1,049
Balance (in shares) at Dec. 31, 2014		25,413
Increase (Decrease) in Equity
Net income	51,254			49,648			1,606
Other comprehensive income (loss), net of tax	0
Distributions to non-controlling interest holders	(1,347)						(1,347)
Share-based compensation expense	1,315		1,315
Exercise of stock options	203			(1,701)		1,904
Repurchase of shares	(43,965)					(43,965)
Balance at Jun. 30, 2015	48,903	$ 25,413	92,824	415,914	0	(486,556)	1,308
Balance (in shares) at Jun. 30, 2015		25,413
Balance at Dec. 31, 2015	52,270	$ 25,413	96,321	369,270	0	(440,026)	1,292
Balance (in shares) at Dec. 31, 2015		25,413
Increase (Decrease) in Equity
Net income	39,578			38,488			1,090
Other comprehensive income (loss), net of tax	(7,172)				(7,172)
Distributions to non-controlling interest holders	(1,065)						(1,065)
Share-based compensation expense	3,569		3,569
Exercise of stock options	986			(4,298)		5,284
Repurchase of shares	(19,746)					(19,746)
Balance at Jun. 30, 2016	$ 68,420	$ 25,413	$ 99,890	$ 403,460	$ (7,172)	$ (454,488)	$ 1,317
Balance (in shares) at Jun. 30, 2016		25,413

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Cash flows from operating activities:
Net income	$ 39,578	$ 51,254
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	18,346	18,432
Amortization of intangible assets	24,967	17,877
Loss on HLSS equity securities and dividends received, net	0	1,854
Change in the fair value of acquisition related contingent consideration	193	(7,346)
Share-based compensation expense	3,569	1,315
Bad debt expense	1,041	2,143
Gain on early extinguishment of debt	(5,464)	(1,114)
Amortization of debt discount	201	255
Amortization of debt issuance costs	557	585
Deferred income taxes	18	5
Loss on disposal of fixed assets	9	20
Changes in operating assets and liabilities:
Accounts receivable	3,407	(6,726)
Prepaid expenses and other current assets	(6,012)	4,480
Other assets	447	1,338
Accounts payable and accrued expenses	(4,454)	(28,557)
Other current and non-current liabilities	(6,998)	(1,008)
Net cash provided by operating activities	69,405	54,807
Cash flows from investing activities:
Additions to premises and equipment	(12,441)	(21,421)
Purchase of available for sale securities	(48,219)	(29,966)
Proceeds received from sale of and dividends from HLSS equity securities	0	28,112
Other investing activities	(10)	(4)
Net cash used in investing activities	(60,670)	(23,279)
Cash flows from financing activities:
Repayment and repurchases of long-term debt	(47,751)	(17,701)
Proceeds from stock option exercises	986	203
Purchase of treasury stock	(19,746)	(43,965)
Distributions to non-controlling interests	(1,065)	(1,347)
Net cash used in financing activities	(67,576)	(62,810)
Net decrease in cash and cash equivalents	(58,841)	(31,282)
Cash and cash equivalents at the beginning of the period	179,327	161,361
Cash and cash equivalents at the end of the period	120,486	130,079
Supplemental cash flow information:
Interest paid	11,694	13,345
Income taxes paid, net	5,618	3,490
Non-cash investing and financing activities:
Increase (decrease) in payables for purchases of premises and equipment	$ 1,369	$ (4,091)

ORGANIZATION AND BASIS OF PRESENTATION	6 Months Ended
ORGANIZATION AND BASIS OF PRESENTATION	Jun. 30, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]
ORGANIZATION AND BASIS OF PRESENTATION	ORGANIZATION AND BASIS OF PRESENTATION Description of Business Altisource Portfolio Solutions S.A., together with its subsidiaries (which may be referred to as “Altisource,” the “Company,” “we,” “us” or “our”), is a premier marketplace and transaction solutions provider for the real estate, mortgage and consumer debt industries. Altisource’s proprietary business processes, vendor and electronic payment management software and behavioral science-based analytics improve outcomes for marketplace participants. We are incorporated under the laws of Luxembourg and are publicly traded on the NASDAQ Global Select Market under the symbol “ASPS.” We conduct our operations through three reportable segments: Mortgage Services, Financial Services and Technology Services. In addition, we report our corporate related expenditures and eliminations separately (see Note 23 for a description of our business segments). Basis of Accounting and Presentation The unaudited interim condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) for interim financial information and with the instructions to Form 10-Q and Article 10 of Securities and Exchange Commission (“SEC”) Regulation S-X. Accordingly, these financial statements do not include all of the information and footnotes required by GAAP for complete consolidated financial statements. In the opinion of management, the interim data includes all normal recurring adjustments considered necessary to fairly state the results for the interim periods presented. The preparation of interim condensed consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of our interim condensed consolidated financial statements, as well as the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Intercompany transactions and accounts have been eliminated in consolidation. Certain prior year amounts have been reclassified to conform to current year presentation. Altisource consolidates two cooperative entities which are managed by the Mortgage Partnership of America, L.L.C. (“MPA”), a wholly-owned subsidiary of Altisource: Best Partners Mortgage Cooperative, Inc., doing business as the Lenders One^® mortgage cooperative (“Lenders One”) and Best Partners Mortgage Brokers Cooperative, Inc., doing business as the Wholesale One^® mortgage cooperative (“Wholesale One”). MPA provides services to Lenders One under a management agreement that ends on December 31, 2025 (with renewals for three successive five-year periods at MPA’s option) and to Wholesale One under a management agreement that ends on July 8, 2039 (with automatic renewals for three successive five-year periods). The management agreements between MPA and Lenders One and Wholesale One, pursuant to which MPA is the management company, represent variable interests in variable interest entities. MPA is the primary beneficiary of Lenders One and Wholesale One as it has the power to direct the activities that most significantly impact each of these cooperatives’ economic performance and the right to receive benefits from each of these cooperatives. As a result, Lenders One and Wholesale One are presented in the accompanying condensed consolidated financial statements on a consolidated basis with the interests of the members reflected as non-controlling interests. As of June 30, 2016, Lenders One had total assets of $2.8 million and total liabilities of $1.3 million. As of December 31, 2015, Lenders One had total assets of $4.9 million and total liabilities of $3.7 million. As of June 30, 2016 and December 31, 2015, Wholesale One had less than $0.1 million in total assets and less than $0.1 million in total liabilities. These interim condensed consolidated financial statements should be read in conjunction with the Company’s Annual Report on Form 10-K for the year ended December 31, 2015, as filed with the SEC on March 15, 2016. Fair Value Measurements Fair value is defined as an exit price, representing the amount that would be received for an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The three-tier hierarchy for inputs used in measuring fair value, which prioritizes the inputs used in the methodologies of measuring fair value for assets and liabilities, is as follows: Level 1 — Quoted prices in active markets for identical assets and liabilities Level 2 — Observable inputs other than quoted prices included in Level 1 Level 3 — Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of assets or liabilities. Financial assets and financial liabilities are classified based on the lowest level of input that is significant to the fair value measurements. Our assessment of the significance of a particular input to the fair value measurements requires judgment and may affect the valuation of the assets and liabilities being measured and their placement within the fair value hierarchy. Recently Adopted Accounting Pronouncement On January 1, 2016, Financial Accounting Standards Board (“FASB”) Accounting Standards Update (“ASU”) No. 2015-03, Interest-Imputation of Interest (Subtopic 835-30): Simplifying the Presentation of Debt Issuance Costs, became effective. As a result of this accounting change, the Company now presents debt issuance costs, net as a direct deduction from the related debt (see Note 12). Prior to January 1, 2016, debt issuance costs, net were included in other assets. We adopted the standard retrospectively. Accordingly, prior period amounts were reclassified to conform to the current presentation. Future Adoption of New Accounting Pronouncements In May 2014, FASB issued ASU No. 2014-09, Revenue from Contracts with Customers (Topic 606). This standard establishes a single comprehensive model for entities to use in accounting for revenue arising from contracts with customers and supersedes most current revenue recognition guidance. The core principle of this standard is an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. This standard will be effective for annual periods beginning after December 15, 2017, including interim periods within that reporting period. Early adoption is permitted, although not prior to annual periods beginning after December 15, 2016. The Company is currently evaluating the impact this guidance may have on its results of operations and financial position. In January 2016, FASB issued ASU No. 2016-01, Financial Instruments - Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities. This standard will require equity investments (except those accounted for under the equity method of accounting or those that result in consolidation of the investee) to be measured at fair value with changes in fair value recognized in net income. The standard also simplifies the impairment assessment of equity investments without readily determinable fair values by requiring a qualitative assessment to identify impairment. When a qualitative assessment indicates that impairment exists, an entity is required to measure the investment at fair value. It also amends certain financial statement presentation and disclosure requirements associated with the fair value of financial instruments. This standard will be effective for annual periods beginning after December 31, 2017, including interim periods within that reporting period. Early adoption is not permitted. The Company is currently evaluating the impact this guidance may have on its results of operations and financial position. In February 2016, FASB issued ASU No. 2016-02, Leases (Topic 842). This standard introduces a new lessee model that brings substantially all leases on the balance sheet. The standard will require companies to recognize lease assets and lease liabilities on their balance sheets and disclose key information about leasing arrangements in their financial statements. This standard will be effective for annual periods beginning after December 15, 2018, including interim periods within that reporting period. Early application of this standard is permitted. The Company is currently evaluating the impact this guidance may have on its results of operations and financial position. In March 2016, FASB issued ASU No. 2016-08, Revenue from Contracts with Customers (Topic 606): Principal versus Agent Considerations (Reporting Revenue Gross versus Net). This standard clarifies guidance on principal versus agent considerations in connection with revenue recognition. When another party is involved in providing goods or services to a customer, an entity is required to determine whether the nature of its promise is to provide the specified good or service itself (that is, the entity is a principal) or to arrange for that good or service to be provided by the other party (that is, the entity is an agent). An entity is a principal if it controls the specified good or service before that good or service is transferred to a customer. The guidance includes indicators to assist an entity in determining whether it controls a specified good or service before it is transferred to the customer. This standard will be effective for annual periods beginning after December 15, 2017, including interim periods within that reporting period. Early adoption is permitted, although not prior to annual periods beginning after December 15, 2016. The Company is currently evaluating the impact this guidance may have on its results of operations and financial position. In March 2016, FASB issued ASU No. 2016-09, Compensation - Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting. This standard simplifies several aspects of the accounting for share-based payment transactions, including the income tax consequences, classification of awards as either equity or liabilities and classification on the statement of cash flows. The standard will require companies to recognize all award-related excess tax benefits and tax deficiencies in their income statements, classify any excess tax benefits as an operating activity in their statements of cash flows, provide companies with the option of estimating forfeitures or recognizing forfeitures as they occur, modify the statutory tax withholding requirements and classify cash paid by employers when directly withholding shares for tax withholding purposes as an investing activity in their statements of cash flows. This standard will be effective for annual periods beginning after December 15, 2016, including interim periods within that reporting period. Early application of this standard is permitted. The Company is currently evaluating the impact this guidance may have on its results of operations and financial position. In April 2016, FASB issued ASU No. 2016-10, Revenue from Contracts with Customers (Topic 606): Identifying Performance Obligations and Licensing. This standard provides guidance on identifying performance obligations in a contract with a customer and clarifying several licensing considerations, including whether an entity’s promise to grant a license provides a customer with either a right to use the entity’s intellectual property (which is satisfied at a point in time) or a right to access the entity’s intellectual property (which is satisfied over time) and guidance on sales-based and usage-based royalties. This standard will be effective for annual periods beginning after December 15, 2017, including interim periods within that reporting period. Early adoption is permitted, although not prior to annual periods beginning after December 15, 2016. The Company is currently evaluating the impact this guidance may have on its results of operations and financial position. In May 2016, FASB issued ASU No. 2016-12, Revenue from Contracts with Customers (Topic 606): Narrow-Scope Improvements and Practical Expedients. This standard addresses collectability, sales taxes and other similar taxes collected from customers, non-cash consideration, contract modifications at transition and completed contracts at transition. This standard will be effective for annual periods beginning after December 15, 2017, including interim periods within that reporting period. Early adoption is permitted, although not prior to annual periods beginning after December 15, 2016. The Company is currently evaluating the impact this guidance may have on its results of operations and financial position.

CUSTOMER CONCENTRATION

6 Months Ended

Jun. 30, 2016

Risks and Uncertainties [Abstract]

Customer Concentration

CUSTOMER CONCENTRATION

Ocwen Financial Corporation together with its subsidiaries (“Ocwen”) is our largest customer. Ocwen purchases certain mortgage services and technology services from us under the terms of master services agreements and amendments to master services agreements (collectively, the “Service Agreements”) with terms extending through August 2025. Certain of the Service Agreements, among other things, contain a “most favored nation” provision and the parties to the Service Agreements have the right to renegotiate pricing. Certain agreements also prohibit Ocwen from establishing fee-based businesses that would directly or indirectly compete with Altisource’s services with respect to the Homeward Residential, Inc. and Residential Capital, LLC portfolios. In addition, Ocwen purchases certain origination services from Altisource under an agreement that extends through January 2017.

Revenue from Ocwen primarily consists of revenue earned directly from Ocwen and revenue earned from the loans serviced by Ocwen when Ocwen designates us as the service provider. Revenue from Ocwen as a percentage of segment and consolidated revenue was as follows:



	Three months ended June 30,				Six months ended June 30,
	2016		2015		2016		2015

Mortgage Services	59	%	62	%	59	%	63	%
Financial Services	19	%	19	%	17	%	22	%
Technology Services	38	%	57	%	41	%	52	%
Consolidated revenue	55	%	59	%	55	%	59	%

For the six months ended June 30, 2016 and 2015, we generated revenue from Ocwen of $280.7 million and $301.0 million, respectively ($140.5 million and $159.6 million for the second quarter of 2016 and 2015, respectively). Services provided to Ocwen during such periods and reported in the Mortgage Services segment included real estate asset management and sales, residential property valuation, trustee management services, property inspection and preservation and insurance services. Services provided to Ocwen and reported in the Financial Services segment included mortgage charge-off collections. Services provided to Ocwen and reported in the Technology Services segment included information technology infrastructure management and software applications. As of June 30, 2016, accounts receivable from Ocwen totaled $30.9 million, $19.4 million of which was billed and $11.5 million of which was unbilled. As of December 31, 2015, accounts receivable from Ocwen totaled $38.2 million, $20.4 million of which was billed and $17.8 million of which was unbilled.

We earn additional revenue related to the portfolios serviced by Ocwen when a party other than Ocwen selects Altisource as the service provider. For the six months ended June 30, 2016 and 2015, we recognized revenue of $98.0 million and $108.0 million, respectively ($51.3 million and $54.5 million for the second quarter of 2016 and 2015, respectively), related to the portfolios serviced by Ocwen when a party other than Ocwen selected Altisource as the service provider. These amounts are not included in deriving revenue from Ocwen as a percentage of revenue in the table above.

TRANSACTIONS WITH RELATED PARTIES	6 Months Ended
TRANSACTIONS WITH RELATED PARTIES	Jun. 30, 2016
Related Party Transactions [Abstract]
TRANSACTIONS WITH RELATED PARTIES	TRANSACTIONS WITH RELATED PARTIES Through January 16, 2015, William C. Erbey served as our Chairman as well as the Executive Chairman of Ocwen and Chairman of each of Home Loan Servicing Solutions, Ltd. (“HLSS”), Altisource Residential Corporation (“Residential”) and Altisource Asset Management Corporation (“AAMC”). Effective January 16, 2015, Mr. Erbey stepped down as the Executive Chairman of Ocwen and Chairman of each of Altisource, HLSS, Residential and AAMC and is no longer a member of the Board of Directors for any of these companies. Consequently, these companies are no longer related parties of Altisource, as defined by FASB ASC Topic 850, Related Party Disclosures. The disclosures in this note are limited to the periods that each of Ocwen, HLSS, Residential and AAMC were related parties of Altisource and are not necessarily reflective of current activities with these former related parties. Ocwen Revenue For the period from January 1, 2015 through January 16, 2015, we estimated that we generated revenue from Ocwen of $22.9 million. Services provided to Ocwen during such periods included real estate asset management and sales, residential property valuation, trustee management services, property inspection and preservation, insurance services, charge-off mortgage collections, information technology infrastructure management and software applications. We record revenue we earn from Ocwen under the Service Agreements at rates we believe to be comparable market rates as we believe they are consistent with the fees we charge to other customers and/or fees charged by our competitors for comparable services. Cost of Revenue and Selling, General and Administrative Expenses At times, we have used Ocwen’s contractors and/or employees to support Altisource related services. Ocwen generally billed us for these contractors and/or employees based on their fully-allocated cost. Additionally, through March 31, 2015, we purchased certain data relating to Ocwen’s servicing portfolio in connection with a Data Access and Services Agreement. Based upon our previously provided notice, the Data Access and Services Agreement was terminated effective March 31, 2015. For the period from January 1, 2015 through January 16, 2015, we estimated that we incurred $1.9 million of expenses related to these items. These amounts are reflected as a component of cost of revenue in the condensed consolidated statements of operations and comprehensive income. We provided certain other services to Ocwen and Ocwen provided certain other services to us in connection with Support Services Agreements. These services primarily included such areas as vendor management, corporate services and facilities related services. Billings for these services were generally based on the fully-allocated cost of providing the service based on an estimate of the time and expense of providing the service or estimates thereof. Of the January 2015 billings to Ocwen, we estimated that $0.1 million related to the period from January 1, 2015 through January 16, 2015. Of the January 2015 billings from Ocwen, we estimated that $0.3 million related to the period from January 1, 2015 through January 16, 2015. These amounts are reflected as a component of selling, general and administrative expenses in the condensed consolidated statements of operations and comprehensive income. HLSS Prior to April 2015, HLSS was a publicly traded company whose primary objective was the acquisition of mortgage servicing rights and related servicing advances, loans held for investment and other residential mortgage related assets. We provided HLSS certain finance, human resources, tax and facilities services and sold information technology services to HLSS under a support services agreement. For the period from January 1, 2015 through January 16, 2015, our billings to HLSS were immaterial. Residential and AAMC Residential is focused on acquiring, owning and managing single family rental properties throughout the United States. AAMC’s primary business is to provide asset management and certain corporate governance services to institutional investors. Currently, AAMC’s primary client is Residential. We have agreements, which extend through 2027, to provide Residential with renovation management, lease management, property management, real estate owned asset management, title insurance, settlement and valuation services. In addition, we have agreements with Residential and AAMC pursuant to which we may provide services such as finance, human resources, facilities, technology and insurance risk management. Further, we have separate agreements for certain services related to income tax matters, trademark licenses and technology products and services. For the period from January 1, 2015 through January 16, 2015, we estimated that we generated revenue from Residential of $1.0 million. This amount is reflected in revenue in the condensed consolidated statements of operations and comprehensive income. This excludes revenue from services we provide to Residential’s loans serviced by Ocwen or other loan servicers where we were retained by Ocwen or Residential’s other loan servicers. For the period from January 1, 2015 through January 16, 2015, our billings to AAMC were immaterial.

- Definition

The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.

+ References + Details

ACQUISITIONS

6 Months Ended

Jun. 30, 2016

Business Combinations [Abstract]

ACQUISITIONS

RentRange, Investability and Onit Solutions Acquisitions

On October 9, 2015, we acquired GoldenGator, LLC (doing business as RentRange^®) (“RentRange”), REIsmart, LLC (doing business as Investability^™) (“Investability”) and Onit Solutions, LLC, a support company for RentRange and Investability (collectively “RentRange and Investability”) for $24.8 million. RentRange is a leading provider of rental home data and information to the financial services and real estate industries, delivering a wide assortment of address and geography level data, analytics and rent-based valuation solutions for single and multi-family properties. Investability is an online residential real estate search and acquisition platform that utilizes data and analytics to allow real estate investors to access the estimated cash flow, capitalization rate, net yield and market value of properties for sale in the United States. The purchase price was composed of $17.5 million in cash and 247 thousand shares of restricted common stock of the Company with a value of $7.3 million as of the closing date. Upon issuance, the restricted stock is subject to transfer restrictions and potential forfeiture provisions. These restrictions and forfeiture provisions will lapse over a four year period, subject to the recipients meeting certain continued employment conditions with the Company and the satisfaction of certain acquisition related escrow release conditions. RentRange and Investability are not material in relation to the Company’s results of operations or financial position.

The preliminary allocation of the purchase price is as follows:



(in thousands)

Cash	$	3
Accounts receivable, net	245
Premises and equipment, net	1,206
Other assets	199
Software	1,265
Trademarks and trade names	1,205
Databases/other	910
Non-compete agreements	330
Customer relationships	255
Goodwill	19,565
	25,183
Accounts payable and accrued expenses	(391		)

Purchase price	$	24,792

CastleLine Acquisition

On July 17, 2015, we acquired CastleLine Holdings, LLC and its subsidiaries (“CastleLine”) for $33.4 million. CastleLine is a specialty risk management and insurance services firm that provides financial products and services to parties involved in the origination, underwriting, purchase and securitization of residential mortgages. The purchase consideration was composed of $12.3 million of cash at closing, $10.5 million of cash payable over four years from the acquisition date and 495 thousand shares of restricted common stock of the Company with a value of $14.4 million as of the closing date. Of the cash payable following acquisition, $3.8 million is contingent on certain future employment conditions of certain of the sellers, and therefore excluded from the purchase price. After the acquisition date, management adjusted the allocation of the purchase price based upon information that subsequently became available relating to acquisition date working capital and the purchase price allocation to intangible assets. This adjustment was recorded during the second quarter of 2016. The CastleLine acquisition is not material in relation to the Company’s results of operations or financial position.

The initial and final allocation of the purchase price is as follows:



(in thousands)	Initial purchase price allocation			Adjustments			Final purchase price allocation

Cash	$	1,088		$	—		$	1,088
Accounts receivable, net	510			(410		)	100
Prepaid expenses	66			(46		)	20
Restricted cash	2,501			—			2,501
Non-compete agreements	1,105			25			1,130
Databases/other	465			1,335			1,800
Customer relationships	395			—			395
Trademarks and trade names	150			10			160
Deferred taxes	—			356			356
Goodwill	28,125			(1,395		)	26,730
	34,405			(125		)	34,280
Accounts payable and accrued expenses	(875		)	38			(837		)
Deferred revenue	(87		)	87			—

Purchase price	$	33,443		$	—		$	33,443

- Definition

The entire disclosure for a business combination (or series of individually immaterial business combinations) completed during the period, including background, timing, and recognized assets and liabilities. The disclosure may include leverage buyout transactions (as applicable).

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Standards Codification
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Reference 2: http://www.xbrl.org/2003/role/presentationRef
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Reference 3: http://www.xbrl.org/2003/role/presentationRef
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Reference 4: http://www.xbrl.org/2003/role/presentationRef
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Reference 5: http://www.xbrl.org/2003/role/presentationRef
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Reference 9: http://www.xbrl.org/2003/role/presentationRef
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Reference 10: http://www.xbrl.org/2003/role/presentationRef
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Reference 14: http://www.xbrl.org/2003/role/presentationRef
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Reference 15: http://www.xbrl.org/2003/role/presentationRef
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+ Details

AVAILABLE FOR SALE SECURITIES	6 Months Ended
AVAILABLE FOR SALE SECURITIES	Jun. 30, 2016
Investments, Debt and Equity Securities [Abstract]
AVAILABLE FOR SALE SECURITIES	AVAILABLE FOR SALE SECURITIES During the six months ended June 30, 2016, we purchased 4.1 million shares of Residential common stock for $48.2 million. This investment is classified as available for sale and reflected in the condensed consolidated balance sheets at fair value at the balance sheet date ($38.1 million as of June 30, 2016) (no comparative amount as of December 31, 2015). Unrealized gains and losses on available for sale securities are reflected in other comprehensive income, unless there is an impairment that is other than temporary. In the event that a decline in market value is other than temporary, we would record a charge to earnings and a new cost basis in the investment would be established. In the second quarter of 2016, we incurred expenses of $3.4 million and earned dividends of $1.0 million related to this investment (no comparative amounts in 2015).

ACCOUNTS RECEIVABLE, NET

6 Months Ended

Jun. 30, 2016

Receivables [Abstract]

ACCOUNTS RECEIVABLE, NET

Accounts receivable, net consists of the following:



(in thousands)	June 30, 2016			December 31, 2015

Billed	$	61,211		$	67,021
Unbilled	50,548			56,458
	111,759			123,479
Less: allowance for doubtful accounts	(11,594		)	(18,456		)

Total	$	100,165		$	105,023

Unbilled receivables consist primarily of certain asset management and default management services for which we generally recognize revenues over the service delivery period but bill following completion of the service. We also include in unbilled receivables amounts that are earned during a month and billed in the following month.

PREPAID EXPENSES AND OTHER CURRENT ASSETS

6 Months Ended

Jun. 30, 2016

Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]

PREPAID EXPENSES AND OTHER CURRENT ASSETS

Prepaid expenses and other current assets consist of the following:



(in thousands)	June 30, 2016		December 31, 2015

Maintenance agreements, current portion	$	8,131	$	7,000
Income taxes receivable	988		633
Prepaid expenses	7,975		7,873
Other current assets	10,653		6,245

Total	$	27,747	$	21,751

PREMISES AND EQUIPMENT, NET

6 Months Ended

Jun. 30, 2016

Property, Plant and Equipment [Abstract]

PREMISES AND EQUIPMENT, NET

Premises and equipment, net consists of the following:



(in thousands)	June 30, 2016			December 31, 2015

Computer hardware and software	$	183,490		$	177,010
Office equipment and other	25,934			21,720
Furniture and fixtures	15,338			14,443
Leasehold improvements	36,807			35,503
	261,569			248,676
Less: accumulated depreciation and amortization	(146,993		)	(129,555		)

Total	$	114,576		$	119,121

Depreciation and amortization expense amounted to $18.3 million and $18.4 million for the six months ended June 30, 2016 and 2015, respectively ($9.1 million and $9.6 million for the second quarter of 2016 and 2015, respectively), and is included in cost of revenue for operating assets and in selling, general and administrative expenses for non-operating assets in the accompanying condensed consolidated statements of operations and comprehensive income.

GOODWILL AND INTANGIBLE ASSETS, NET

6 Months Ended

Jun. 30, 2016

Goodwill and Intangible Assets Disclosure [Abstract]

GOODWILL AND INTANGIBLE ASSETS, NET

Goodwill

The following is a summary of goodwill by segment:



(in thousands)	Mortgage Services			Financial Services		Technology Services		Total

Balance as of December 31, 2015	$	80,423		$	2,378	$	—	$	82,801
Acquisition of CastleLine ⁽¹⁾	(1,395		)	—		—		(1,395		)
Balance as of June 30, 2016	$	79,028		$	2,378	$	—	$	81,406


⁽¹⁾	During the second quarter of 2016, goodwill was revised to reflect a purchase accounting measurement period adjustment related to the CastleLine acquisition. See Note 4.

Intangible assets, net

Intangible assets, net consist of the following:



	Weighted average estimated useful life (in years)	Gross carrying amount				Accumulated amortization						Net book value
(in thousands)	Weighted average estimated useful life (in years)	June 30, 2016		December 31, 2015		June 30, 2016			December 31, 2015			June 30, 2016		December 31, 2015

Definite lived intangible assets:
Trademarks and trade names	13	$	15,254	$	15,244	$	(7,121	)	$	(6,491	)	$	8,133	$	8,753
Customer related intangible assets	10	274,428		274,428		(136,440		)	(113,725		)	137,988		160,703
Operating agreement	20	35,000		35,000		(11,229		)	(10,354		)	23,771		24,646
Non-compete agreements	4	1,460		1,435		(314		)	(115		)	1,146		1,320
Intellectual property	10	300		300		(70		)	(55		)	230		245
Other intangible assets	5	2,710		1,375		(572		)	(39		)	2,138		1,336

Total		$	329,152	$	327,782	$	(155,746	)	$	(130,779	)	$	173,406	$	197,003

Amortization expense for definite lived intangible assets was $25.0 million and $17.9 million for the six months ended June 30, 2016 and 2015, respectively ($12.8 million and $9.0 million for the second quarter of 2016 and 2015, respectively). Expected annual definite lived intangible asset amortization for 2016 through 2020 is $39.9 million, $27.0 million, $23.9 million, $21.7 million and $19.6 million, respectively.

- Definition

The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss.

+ References + Details

OTHER ASSETS

6 Months Ended

Jun. 30, 2016

Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]

OTHER ASSETS

Other assets consist of the following:



(in thousands)	June 30, 2016		December 31, 2015

Security deposits	$	5,365	$	5,341
Maintenance agreements, non-current portion	1,334		1,570
Restricted cash	4,781		4,801
Other	1,206		1,441

Total	$	12,686	$	13,153

ACCOUNTS PAYABLE, ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES

6 Months Ended

Jun. 30, 2016

Payables and Accruals [Abstract]

ACCOUNTS PAYABLE, ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES

Accounts payable and accrued expenses consist of the following:



(in thousands)	June 30, 2016		December 31, 2015

Accounts payable	$	15,114	$	11,644
Accrued expenses - general	29,906		30,347
Accrued salaries and benefits	38,320		46,564
Income taxes payable	5,408		3,316

Total	$	88,748	$	91,871

Other current liabilities consist of the following:



(in thousands)	June 30, 2016		December 31, 2015

Unfunded cash account balances	$	3,660	$	6,395
Other	10,649		9,871

Total	$	14,309	$	16,266

LONG-TERM DEBT

6 Months Ended

Jun. 30, 2016

Debt Disclosure [Abstract]

LONG-TERM DEBT

Long-term debt consists of the following:



(in thousands)	June 30, 2016			December 31, 2015

Senior secured term loan	$	482,626		$	536,598
Less: debt issuance costs, net	(5,071		)	(6,184		)
Less: unamortized discount, net	(1,834		)	(2,236		)
Net long-term debt	475,721			528,178
Less: current portion	(5,945		)	(5,945		)

Long-term debt, less current portion	$	469,776		$	522,233

On November 27, 2012, Altisource Solutions S.à r.l., a wholly-owned subsidiary of Altisource Portfolio Solutions S.A., entered into a senior secured term loan agreement with Bank of America, N.A., as administrative agent, and certain lenders. Altisource Portfolio Solutions S.A. and certain wholly-owned subsidiaries are guarantors of the term loan (collectively, the “Guarantors”). We subsequently amended the senior secured term loan agreement to increase the principal amount of the senior secured term loan and, among other changes, re-establish the $200.0 million incremental term loan facility accordion, lower the interest rate, extend the maturity date by approximately one year and increase the maximum amount of Restricted Junior Payments (as defined in the senior secured term loan agreement; other capitalized terms, unless defined herein, are defined in the senior secured term loan agreement).

After giving effect to the third amendment entered into on August 1, 2014, the term loan must be repaid in equal consecutive quarterly principal installments of $1.5 million, which commenced on September 30, 2014, with the balance due at maturity. All amounts outstanding under the senior secured term loan agreement will become due on the earlier of (i) December 9, 2020 and (ii) the date on which the loans are declared to be due and owing by the administrative agent at the request (or with the consent) of the Required Lenders or as otherwise provided in the loan agreement upon the occurrence of any event of default under the senior secured term loan agreement.

In addition to the scheduled principal payments, subject to certain exceptions, the term loan is subject to mandatory prepayment upon issuances of debt, casualty and condemnation events and sales of assets, as well as from a percentage of Consolidated Excess Cash Flow if the leverage ratio is greater than 3.00 to 1.00, as calculated in accordance with the provisions of the senior secured term loan (the percentage increases if the leverage ratio exceeds 3.50 to 1.00). No mandatory prepayments were owed for the six months ended June 30, 2016.

In the second quarter of 2016, we repurchased portions of our senior secured term loan with an aggregate par value of $51.0 million at a weighted average discount of 13.2%, recognizing a net gain of $5.5 million on the early extinguishment of debt. In the second quarter of 2015, we repurchased a portion of our senior secured term loan with a par value of $16.0 million at a 9.0% discount, recognizing a net gain of $1.1 million on the early extinguishment of debt. The net gains were included in other income (expense), net in the condensed consolidated statements of operations and comprehensive income.

The term loan bears interest at rates based upon, at our option, the Adjusted Eurodollar Rate or the Base Rate. Adjusted Eurodollar Rate loans bear interest at a rate per annum equal to the sum of (i) the greater of (x) the Adjusted Eurodollar Rate for the applicable interest period and (y) 1.00% plus (ii) a 3.50% margin. Base Rate loans bear interest at a rate per annum equal to the sum of (i) the greater of (x) the Base Rate and (y) 2.00% plus (ii) a 2.50% margin. The interest rate at June 30, 2016 was 4.50%.

Term loan payments are guaranteed by the Guarantors and are secured by a pledge of all equity interests of certain subsidiaries as well as a lien on substantially all of the assets of Altisource Solutions S.à r.l. and the Guarantors, subject to certain exceptions.

The senior secured term loan agreement includes covenants that restrict or limit, among other things, our ability to: create liens and encumbrances; incur additional indebtedness; sell, transfer or dispose of assets; make Restricted Junior Payments including share repurchases, dividends and repayment of junior indebtedness; change lines of business; amend material debt agreements or other material contracts; engage in certain transactions with affiliates; enter into sale/leaseback transactions; grant negative pledges or agree to such other restrictions relating to subsidiary dividends and distributions; make changes to our fiscal year and engage in mergers and consolidations.

The senior secured term loan agreement contains certain events of default, including (i) failure to pay principal when due or interest or any other amount owing on any other obligation under the senior secured term loan agreement within five days of becoming due, (ii) material incorrectness of representations and warranties when made, (iii) breach of covenants, (iv) failure to pay principal or interest on any other debt that equals or exceeds $40.0 million when due, (v) default on any other debt that equals or exceeds $40.0 million that causes, or gives the holder or holders of such debt the ability to cause, an acceleration of such debt, (vi) occurrence of a Change of Control, (vii) bankruptcy and insolvency events, (viii) entry by a court of one or more judgments against us in an amount in excess of $40.0 million that remain unbonded, undischarged or unstayed for a certain number of days after the entry thereof, (ix) the occurrence of certain ERISA events and (x) the failure of certain Loan Documents to be in full force and effect. If any event of default occurs and is not cured within applicable grace periods set forth in the senior secured term loan agreement or waived, all loans and other obligations could become due and immediately payable and the facility could be terminated.

As of June 30, 2016, debt issuance costs were $5.1 million, net of $5.2 million of accumulated amortization. As of December 31, 2015, debt issuance costs were $6.2 million, net of $4.1 million of accumulated amortization.

Interest expense on the term loans totaled $12.5 million and $14.4 million for the six months ended June 30, 2016 and 2015, respectively ($6.0 million and $7.2 million for the second quarter of 2016 and 2015, respectively).

OTHER NON-CURRENT LIABILITIES

6 Months Ended

Jun. 30, 2016

Other Liabilities Disclosure [Abstract]

OTHER NON-CURRENT LIABILITIES

Other non-current liabilities consist of the following:



(in thousands)	June 30, 2016		December 31, 2015

Acquisition related obligations	$	5,446	$	8,422
Other non-current liabilities	11,115		9,731

Total	$	16,561	$	18,153

FAIR VALUE

6 Months Ended

Jun. 30, 2016

Fair Value Disclosures [Abstract]

FAIR VALUE

Fair Value Measurements on a Recurring Basis

Available for sale securities are carried at fair value and consist of 4.1 million shares of Residential common stock with a fair value of $38.1 million as of June 30, 2016 (no comparative amount as of December 31, 2015). Available for sale securities are measured using Level 1 inputs as these securities have quoted prices in active markets.

In accordance with ASC Topic 805, Business Combinations, liabilities for contingent consideration are reflected at fair value and adjusted each reporting period with the change in fair value recognized in earnings. Liabilities for acquisition related contingent consideration were recorded in connection with the acquisitions of certain assets and assumed certain liabilities of Mortgage Builder Software, Inc. and Owners Advantage, LLC in 2014. The total fair value of the liabilities for acquisition related contingent consideration was $4.1 million and $3.9 million as of June 30, 2016 and December 31, 2015, respectively. We measure the liabilities for acquisition related contingent consideration using Level 3 inputs as they are determined based on the present value of future estimated payments, which include sensitivities pertaining to discount rates and financial projections.

In the second quarter of 2015, we reached an agreement with the former owners of Equator, LLC (“Equator”) to extinguish any liability for the Equator related contingent consideration (“Equator Earn Out”) in exchange for $0.5 million. In connection with this settlement, we reduced the liability for the Equator Earn Out to $0 and recognized a $7.6 million reduction in operating expenses in the condensed consolidated statements of operations and comprehensive income.

There were no transfers between different levels during the periods presented.

Fair Value of Financial Instruments

The following table presents the carrying amount and estimated fair value of financial instruments held by the Company as of June 30, 2016 and December 31, 2015. The following fair values are estimated using market information and what the Company believes to be appropriate valuation methodologies under GAAP are as follows:



	June 30, 2016						December 31, 2015
(in thousands)	Carrying amount		Fair value				Carrying amount		Fair value
			Level 1		Level 2				Level 1		Level 2

Cash and cash equivalents	$	120,486	$	120,486	$	—	$	179,327	$	179,327	$	—
Restricted cash	4,781		4,781		—		4,801		4,801		—
Long-term debt	482,626		—		412,645		536,598		—		469,523

Our financial assets and financial liabilities primarily include cash and cash equivalents, restricted cash and long-term debt. Cash and cash equivalents and restricted cash are carried at amounts that approximate their fair value due to the short-term nature of these instruments and were measured using Level 1 inputs. The fair value of our long-term debt is based on quoted market prices. Based on the frequency of trading, we do not believe that there is an active market for our debt. Therefore, the quoted prices are considered Level 2 inputs.

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References + Details

SHAREHOLDERS’ EQUITY AND SHARE-BASED COMPENSATION

6 Months Ended

Jun. 30, 2016

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

SHAREHOLDERS’ EQUITY AND SHARE-BASED COMPENSATION

Stock Repurchase Plan

On May 18, 2016, our shareholders approved a new share repurchase program, which replaced the previous share repurchase program. Under the new program, we are authorized to purchase up to 4.6 million shares of our common stock, based on a limit of 25% of the outstanding shares of common stock on the date of approval at a minimum price of $1.00 per share and a maximum price of $500.00 per share. This is in addition to amounts previously purchased under prior programs. Under the existing and prior programs, we purchased 0.8 million shares of common stock at an average price of $25.79 per share during the six months ended June 30, 2016 and 1.6 million shares at an average price of $28.02 per share during the six months ended June 30, 2015 (0.3 million shares at an average price of $26.74 per share for the second quarter of 2016 and 1.4 million shares at an average price of $28.57 per share for the second quarter of 2015). As of June 30, 2016, approximately 4.5 million shares of common stock remain available for repurchase under the new program. Our senior secured term loan limits the amount we can spend on share repurchases and may prevent repurchases in certain circumstances. As of June 30, 2016, approximately $333 million was available to repurchase our common stock under our senior secured term loan.

Share-Based Compensation

We issue share-based awards in the form of stock options and certain other equity-based awards for certain employees and officers. We recorded share-based compensation expense of $3.6 million and $1.3 million for the six months ended June 30, 2016 and 2015, respectively ($1.7 million and $0.9 million for the second quarter of 2016 and 2015, respectively). As of June 30, 2016, estimated unrecognized compensation costs related to share-based awards amounted to $9.0 million, which we expect to recognize over a weighted average remaining requisite service period of approximately 2.58 years.

Stock Options

Stock option grants are composed of a combination of service-based, market-based and performance-based options.

Service-Based Options. These options generally vest over three or four years with equal annual cliff-vesting and expire on the earlier of ten years after the date of grant or following termination of service. A total of 1.2 million service-based awards were outstanding at June 30, 2016.

Market-Based Options. These option grants generally have two components, each of which vests only upon the achievement of certain criteria. The first component, which we refer to internally as “ordinary performance” grants, consists of two-thirds of the market-based grant and begins to vest if the stock price is at least double the exercise price, as long as the stock price realizes a compounded annual gain of at least 20% over the exercise price. The remaining third of the market-based options, which we refer to internally as “extraordinary performance” grants, begins to vest if the stock price is at least triple the exercise price, as long as the stock price realizes a compounded annual gain of at least 25% over the exercise price. For substantially all market-based awards, 25% vest upon the achievement of the criteria and the remaining 75% vest thereafter in three equal annual installments. Market-based options generally expire on the earlier of ten years after the date of grant or following termination of service, unless the performance criteria is met prior to termination of service or in the final three years of the option term, in which case vesting will generally continue in accordance with the provisions of the award agreement. A total of 1.8 million market-based awards were outstanding at June 30, 2016.

Performance-Based Options. These option grants begin to vest upon the achievement of certain business unit specific financial measures. 25% of the awards vest upon the achievement of the performance criteria and the remaining 75% vest thereafter in three equal annual installments. The award of performance-based options is adjusted based on the level of achievement specified in the award agreements. If the performance criteria achieved is below a certain threshold, the award is cancelled. The options expire on the earlier of ten years after the date of grant or following termination of service. A total of 0.1 million performance-based awards were outstanding at June 30, 2016.

The Company granted 0.1 million stock options (at a weighted average exercise price of $27.43 per share) and 0.7 million stock options (at a weighted average exercise price of $23.17 per share) during the six months ended June 30, 2016 and 2015, respectively.

The fair values of the service-based and performance-based options were determined using the Black-Scholes option pricing model and the fair value of the market-based options was determined using a lattice (binomial) model. The following assumptions were used to determine the fair value as of the grant date:



	Six months ended June 30, 2016		Six months ended June 30, 2015
	Black-Scholes	Binomial	Black-Scholes	Binomial

Risk-free interest rate (%)	1.25 - 1.89	0.23 - 1.97	1.50 - 1.78	0.02 - 2.26
Expected stock price volatility (%)	59.75 - 62.14	59.76 - 62.14	55.06 - 57.60	55.06 - 57.60
Expected dividend yield	—	—	—	—
Expected option life (in years)	6.00 - 6.25	4.54 - 4.88	6.00 - 6.25	4.54 - 4.88
Fair value	$11.15 - $17.09	$11.06 - $17.58	$10.01 - $16.05	$9.91 - $16.13

We determined the expected option life of all service-based stock option grants using the simplified method. We use the simplified method because we believe that our historical data does not provide a reasonable basis upon which to estimate expected option life.

The following table summarizes the weighted average grant date fair value of stock options granted per share, the total intrinsic value of stock options exercised and the grant date fair value of stock options that vested during the period presented:



	Six months ended June 30,
(in thousands, except per share amounts)	2016		2015

Weighted average grant date fair value of stock options granted per share	$	15.81	$	12.49
Intrinsic value of options exercised	1,002		176
Grant date fair value of stock options that vested	2,010		530

The following table summarizes the activity related to our stock options:



	Number of options		Weighted average exercise price		Weighted average contractual term (in years)	Aggregate intrinsic value (in thousands)

Outstanding at December 31, 2015	3,163,125		$	20.13	4.94	$	35,842
Granted	93,500		27.43
Exercised	(79,726	)	12.36
Forfeited	(46,950	)	25.32

Outstanding at June 30, 2016	3,129,949		20.47		4.43	34,598

Exercisable at June 30, 2016	2,286,429		15.19		2.84	32,079

Other Share-Based Awards

The Company’s other share-based and similar types of awards are composed of restricted shares and Equity Appreciation Rights (“EARs”).

The restricted shares are service-based awards that vest over one to four years with either annual cliff-vesting, vesting of all of the restricted shares at the end of the vesting period or vesting beginning after two years of service. The Company granted 12 thousand restricted shares (at a weighted average price of $26.66 per share) during the six months ended June 30, 2016.

The following table summarizes the activity related to our restricted shares:



	Number of restricted shares

Outstanding at December 31, 2015	272,326
Granted	12,378
Issued	(13,388	)
Forfeited	(5,100	)

Outstanding at June 30, 2016	266,216

EARs provide participating employees of certain divisions of the Company with the potential to receive a percentage of the increase in the value of the applicable division during the term of the EARs. The Company has established EAR plans for three divisions: Consumer Analytics, Document Solutions and Marketplace Solutions. These EAR plans allow for the issuance of EARs representing up to 15% of each of these divisions. The EARs consist of service-based awards and performance-based awards. Service-based EARs generally vest in equal installments on the first, second, third and fourth anniversaries of the grant date. Performance-based EARs generally begin to vest on the date certain performance criteria are achieved by the applicable division of the Company.

The participating employee will have the opportunity at certain times specified in the award agreement to exercise EARs that have vested and in exchange will receive share equivalency units, the number of which will be based on the increase in value of the division and the amount of EARs awarded to the participating employee that are exercised. After a holding period of six months and one day, the Company, the applicable division or an affiliate of the Company may redeem the share equivalency units for a payment equal to the then fair market value of the share equivalency units. At the Company’s option, the share equivalency units may be redeemed for cash, shares of Altisource’s common stock under its shareholder approved equity incentive plan, a subordinated note payable or, under certain circumstances where the division has been converted into a company form, shares of that company. Upon the occurrence of certain corporate transactions, including the sale of the division, a qualified initial public offering of the equity of the division or a spin-off of the division, the Company will have the right to repurchase and cancel any outstanding share equivalency units or shares of the division that have been issued in payment of redeemed share equivalency units, and the applicable plan administrator will have the discretion to adjust the terms of the applicable division EAR plan and any outstanding EARs.

The following table reflects outstanding EARs (expressed as a percentage of each of the divisions):



	Consumer Analytics		Document Solutions		Marketplace Solutions

Outstanding at December 31, 2015	5.6	%	5.6	%	5.3	%
Granted	—		—		—
Forfeited	(0.5	)	—		(0.1	)

Outstanding at June 30, 2016	5.1	%	5.6	%	5.2	%

Share-based compensation expense for stock options, restricted shares and EARs is recorded net of estimated forfeiture rates ranging from 0% to 40%.

REVENUE REVENUE

6 Months Ended

Jun. 30, 2016

Revenue [Abstract]

REVENUE

Revenue includes service revenue, reimbursable expenses and non-controlling interests. Service revenue consists of amounts attributable to our fee-based services. Reimbursable expenses and non-controlling interests are pass-through items for which we earn no margin. Reimbursable expenses consist of amounts we incur on behalf of our customers in performing our fee-based services, but we pass such costs directly on to our customers without any additional markup. Non-controlling interests represent the earnings of Lenders One and Wholesale One, consolidated entities not owned by Altisource, and are included in revenue and reduced from net income to arrive at net income attributable to Altisource (see Note 1). The components of revenue were as follows:



	Three months ended June 30,				Six months ended June 30,
(in thousands)	2016		2015		2016		2015

Service revenue	$	241,324	$	236,595	$	475,604	$	444,411
Reimbursable expenses	13,783		30,830		29,237		62,786
Non-controlling interests	692		896		1,090		1,606

Total	$	255,799	$	268,321	$	505,931	$	508,803

COST OF REVENUE

6 Months Ended

Jun. 30, 2016

Cost of Revenue [Abstract]

COST OF REVENUE

Cost of revenue principally includes payroll and employee benefits associated with personnel employed in customer service and operations roles, fees paid to external providers related to the provision of services, reimbursable expenses, technology and telecommunications costs as well as depreciation and amortization of operating assets. The components of cost of revenue were as follows:



	Three months ended June 30,				Six months ended June 30,
(in thousands)	2016		2015		2016		2015

Compensation and benefits	$	69,773	$	64,890	$	134,836	$	134,216
Outside fees and services	73,326		54,822		145,129		108,069
Reimbursable expenses	13,783		30,830		29,237		62,786
Technology and telecommunications	10,703		10,355		20,643		22,248
Depreciation and amortization	6,786		7,262		13,389		13,666

Total	$	174,371	$	168,159	$	343,234	$	340,985

SELLING, GENERAL AND ADMINISTRATIVE EXPENSES

6 Months Ended

Jun. 30, 2016

Selling, General and Administrative Expense [Abstract]

SELLING, GENERAL AND ADMINISTRATIVE EXPENSES

Selling, general and administrative expenses include payroll and employee benefits associated with personnel employed in executive, finance, law, compliance, human resources, vendor management, risk, sales and marketing roles. This category also includes occupancy costs, professional fees, marketing costs, depreciation and amortization of non-operating assets and other expenses. The components of selling, general and administrative expenses were as follows:



	Three months ended June 30,				Six months ended June 30,
(in thousands)	2016		2015		2016		2015

Compensation and benefits	$	14,324	$	13,636	$	28,315	$	26,399
Occupancy related costs	8,799		10,047		17,882		20,701
Amortization of intangible assets	12,756		8,986		24,967		17,877
Professional services	6,696		6,639		13,436		14,629
Marketing costs	5,671		5,920		12,163		11,273
Depreciation and amortization	2,352		2,344		4,957		4,766
Other	3,609		3,994		6,103		8,327

Total	$	54,207	$	51,566	$	107,823	$	103,972

GAIN (LOSS) ON HLSS EQUITY SECURITIES AND DIVIDENDS RECEIVED	6 Months Ended
	Jun. 30, 2016
Other than Temporary Impairment Loss on Securities [Abstract]
GAIN (LOSS) ON HLSS EQUITY SECURITIES AND DIVIDENDS RECEIVED	GAIN (LOSS) ON HLSS EQUITY SECURITIES AND DIVIDENDS RECEIVED During March 2015, we purchased 1.6 million shares of HLSS common stock in the open market for $30.0 million. This investment was classified as available for sale. On April 6, 2015, HLSS completed the sale of substantially all of its assets to New Residential Investment Corp. (“NRZ”) and adopted a plan of complete liquidation and dissolution. During April 2015, we received liquidating dividends and other dividends from HLSS totaling $20.4 million and we sold all of our 1.6 million shares of HLSS common stock in the open market for $7.7 million. As a result of these transactions, we recognized a net gain of $1.4 million in the second quarter of 2015 and a net loss of $1.9 million for the six months ended June 30, 2015 (no comparative amounts in 2016) in connection with our investment in HLSS.

- Definition

The entire disclosure for investments in certain debt and equity securities.

+ References + Details

OTHER INCOME (EXPENSE), NET

6 Months Ended

Jun. 30, 2016

Other Income and Expenses [Abstract]

OTHER INCOME (EXPENSE), NET

Other income (expense), net consists of the following:



	Three months ended June 30,						Six months ended June 30,
(in thousands)	2016			2015			2016			2015

Gain on early extinguishment of debt	$	5,464		$	1,114		$	5,464		$	1,114
Expenses related to the purchase of available for sale securities	(3,356		)	—			(3,356		)	—
Interest income	6			31			17			62
Other, net	630			(324		)	592			(352		)

Total	$	2,744		$	821		$	2,717		$	824

EARNINGS PER SHARE

6 Months Ended

Jun. 30, 2016

Earnings Per Share [Abstract]

EARNINGS PER SHARE

Basic earnings per share (“EPS”) is computed by dividing income available to common shareholders by the weighted average number of common shares outstanding for the period. Diluted EPS reflects the assumed conversion of all dilutive securities using the treasury stock method.

Basic and diluted EPS are calculated as follows:



	Three months ended June 30,				Six months ended June 30,
(in thousands, except per share data)	2016		2015		2016		2015

Net income attributable to Altisource	$	19,994	$	45,950	$	38,488	$	49,648

Weighted average common shares outstanding, basic	18,437		19,571		18,646		19,870
Dilutive effect of stock options and restricted shares	1,167		1,098		1,176		960

Weighted average common shares outstanding, diluted	19,604		20,669		19,822		20,830

Earnings per share:
Basic	$	1.08	$	2.35	$	2.06	$	2.50

Diluted	$	1.02	$	2.22	$	1.94	$	2.38

For the six months ended June 30, 2016 and 2015, 0.4 million options and 0.7 million options, respectively, that were anti-dilutive have been excluded from the computation of diluted EPS (0.4 million options and 0.7 million options for the second quarter of 2016 and 2015, respectively). These options were anti-dilutive and excluded from the computation of diluted EPS because their exercise price was greater than the average market price of our common stock. Also excluded from the computation of diluted EPS are 0.4 million options and 0.3 million options for the six months ended June 30, 2016 and 2015, respectively (0.4 million and 0.3 million options for the second quarter of 2016 and 2015, respectively), granted for shares that begin to vest upon the achievement of certain market and performance criteria related to our common stock price and an annualized rate of return to investors that have not yet been met.

COMMITMENTS, CONTINGENCIES AND REGULATORY MATTERS

6 Months Ended

Jun. 30, 2016

Commitments and Contingencies Disclosure [Abstract]

COMMITMENTS, CONTINGENCIES AND REGULATORY MATTERS

Litigation

From time to time, we are involved in legal and administrative proceedings arising in the course of our business. We record a liability for these matters if an unfavorable outcome is probable and the amount of loss can be reasonably estimated, including expected insurance coverage. For proceedings where the reasonable estimate of loss is a range, we record a best estimate of loss within the range.

On September 8, 2014, the West Palm Beach Firefighters’ Pension Fund filed a putative securities class action suit against Altisource Portfolio Solutions S.A. and certain of its current or former officers and directors in the United States District Court for the Southern District of Florida alleging violations of the Securities Exchange Act of 1934 and Rule 10b-5 with regard to disclosures concerning pricing and transactions with related parties that allegedly inflated Altisource Portfolio Solutions S.A. share prices. The Court subsequently appointed the Pension Fund for the International Union of Painters and Allied Trades District Council 35 and the Annuity Fund for the International Union of Painters and Allied Trades District Council 35 as Lead Plaintiffs. On January 30, 2015, Lead Plaintiffs filed an amended class action complaint which added Ocwen Financial Corporation as a defendant, and seeks a determination that the action may be maintained as a class action on behalf of purchasers of Altisource Portfolio Solutions S.A. securities between April 25, 2013 and December 21, 2014 and an unspecified amount of damages. Altisource Portfolio Solutions S.A. moved to dismiss the suit on March 23, 2015. On September 4, 2015, the Court granted the defendants’ motion to dismiss, finding that the Lead Plaintiffs’ amended complaint failed to state a claim as to any of the defendants, but permitting the Lead Plaintiffs to file another amended complaint. Lead Plaintiffs subsequently filed second and third amended complaints with substantially similar claims and theories. Altisource Portfolio Solutions S.A. moved to dismiss the third amended complaint on October 22, 2015. On December 22, 2015, the Court issued an order dismissing with prejudice all claims against Ocwen Financial Corporation and certain claims against Altisource Portfolio Solutions S.A. and the officer and director defendants, but denying the motion to dismiss as to other claims. Altisource Portfolio Solutions S.A. intends to continue to vigorously defend this suit.

On February 11, 2015, W.A. Sokolowski, an alleged shareholder of Ocwen Financial Corporation, filed an amended shareholder derivative complaint in the United States District Court for the Southern District of Florida against Ocwen Financial Corporation (as a nominal defendant), certain of its current or former officers and directors, Altisource Portfolio Solutions S.A. and other companies. The suit seeks recovery of an unspecified amount of damages for alleged breaches of fiduciary duty by Ocwen Financial Corporation’s officers and directors, which were allegedly aided and abetted by Altisource Portfolio Solutions S.A. and other defendants. Altisource Portfolio Solutions S.A. filed a motion to dismiss the complaint on November 9, 2015. While that motion was pending, additional lawsuits alleging similar claims for alleged breaches of fiduciary duties by current or former Ocwen Financial Corporation officers and directors were filed in or transferred to the Court. The Court subsequently consolidated these actions and denied Altisource Portfolio Solutions S.A.’s motion to dismiss the Sokolowski complaint without prejudice to re-file following appointment of lead counsel for the consolidated action and the filing or designation of an operative complaint. Lead counsel for plaintiffs filed their Consolidated Verified Shareholder Derivative Complaint (the “Consolidated Complaint”) on March 8, 2016. The Consolidated Complaint alleges claims that Altisource Portfolio Solutions S.A., its subsidiary Beltline Road Insurance Agency, Inc. and other defendants aided and abetted alleged breaches of fiduciary duties by Ocwen Financial Corporation officers and directors and/or were unjustly enriched in connection with business dealings with Ocwen Financial Corporation. The Consolidated Complaint also seeks contribution from Altisource Portfolio Solutions S.A., its subsidiary Beltline Road Insurance Agency, Inc. and other defendants for amounts Ocwen Financial Corporation paid in connection with a settlement with the New York State Department of Financial Services. Altisource Portfolio Solutions S.A. and Beltline Road Insurance Agency, Inc. filed motions to dismiss the Consolidated Complaint on May 13, 2016 and intend to vigorously defend the lawsuit.

On March 26, 2015, Robert Moncavage, an alleged shareholder of Ocwen Financial Corporation, filed an amended shareholder derivative complaint in the Circuit Court of the Fifteenth Judicial Circuit in and for Palm Beach County, Florida against Ocwen Financial Corporation (as a nominal defendant), certain of its current or former officers and directors, Altisource Portfolio Solutions S.A. and other companies. The suit seeks recovery of an unspecified amount of damages for alleged breaches of fiduciary duties by the current or former Ocwen Financial Corporation officers and directors, which were allegedly aided and abetted by Altisource Portfolio Solutions S.A. and other defendants. On November 9, 2015, the Court entered an order staying all proceedings in the case pending further order of the Court. If the litigation proceeds, Altisource Portfolio Solutions S.A. intends to vigorously defend the lawsuit and to move to dismiss all claims against it.

Altisource is unable to predict the outcomes of these lawsuits or reasonably estimate the potential loss, if any, arising from the suits, given that the motion to dismiss in the second case has not been adjudicated, a stay has been entered in the third case and significant legal and factual issues remain to be determined in all three cases.

In addition to the matters referenced above, we are involved in legal actions in the course of our business, some of which seek monetary damages. We do not believe that the outcome of these proceedings, both individually and in the aggregate, will have a material impact on our financial condition, results of operations or cash flows.

Regulatory Matters

Periodically, we are subject to audits, examinations and investigations by federal, state and local governmental authorities and receive subpoenas, civil investigative demands or other requests for information from such governmental authorities in connection with their regulatory or investigative authority. We are currently responding to such inquiries from governmental authorities relating to certain aspects of our business. We believe it is premature to predict the potential outcome or to estimate any potential financial impact in connection with these inquiries.

Ocwen Related Matters

Ocwen is our largest customer and 55% of our revenue for the six months ended June 30, 2016 (55% of our revenue for the second quarter of 2016) was from Ocwen. Additionally, 19% of our revenue for the six months ended June 30, 2016 (20% of our revenue for the second quarter of 2016) was earned on the portfolios serviced by Ocwen, when a party other than Ocwen selected Altisource as the service provider.

Ocwen has disclosed that it is subject to a number of ongoing federal and state regulatory examinations, consent orders, inquiries, requests for information and other actions and is subject to pending legal proceedings that have or could result in adverse regulatory or other actions against Ocwen. While not all inclusive, regulatory actions to date have included subjecting Ocwen to independent oversight of its operations and placing certain restrictions on its ability to acquire servicing rights. Ocwen may become subject to future federal and state regulatory investigations, inquiries, requests for information and legal proceedings, any of which could also result in adverse regulatory or other actions against Ocwen.

As a result of the sale of substantially all of the assets of HLSS to NRZ in April of 2015, NRZ owns the rights to approximately 78% of Ocwen’s non-government-sponsored enterprise (“non-GSE”) servicing rights as of March 31, 2016. Under an agreement between NRZ and Ocwen, NRZ has the right (not necessarily the obligation or ability) to transfer servicing away from Ocwen if Ocwen fails to achieve and maintain certain minimum servicer ratings on or after April 6, 2017.

Ocwen has also disclosed that in 2015 certain bondholders of Ocwen-serviced residential mortgage-backed securities (“RMBS”) alleged that Ocwen, as servicer defaulted on these servicing agreements. Ocwen has further disclosed that it has been directed by the trustee for two of the RMBS trusts to transfer servicing to another loan servicing company based on rating downgrades. Additional bondholders of RMBS may attempt to replace Ocwen as servicer as a result of such ratings downgrades or the alleged defaults.

All of the foregoing may have significant adverse effects on Ocwen’s business and our continuing relationships with Ocwen. For example, Ocwen may be required to alter the way it conducts business, including the parties it contracts with for services (including information technology and software services), it may be required to seek changes to its existing pricing structure with us, it may lose or sell some or all of its non-GSE servicing rights or subservicing arrangements or may lose one or more of its state servicing licenses. Additional regulatory actions or adverse financial developments may impose additional restrictions on or require changes in Ocwen’s business that could require it to sell assets or change its business operations. Any or all of these effects could result in our eventual loss of Ocwen as a customer or a reduction in the number and/or volume of services they purchase from us or the loss of other customers.

If any of the following events occurred, Altisource’s revenue would be significantly lower and our results of operations would be materially adversely affected, including from the possible impairment or write-off of goodwill, intangible assets, property and equipment, other assets and accounts receivable:


•	Altisource loses Ocwen as a customer or there is a significant reduction in the volume of services they purchase from us


•	Ocwen loses or sells a significant portion or all of its non-GSE servicing rights or subservicing arrangements and Altisource fails to be retained as a service provider


•	Ocwen loses state servicing licenses in states with a significant number of loans in Ocwen’s servicing portfolio


•	Altisource fails to be retained as a service provider


•	The contractual relationship between Ocwen and Altisource changes significantly or there are significant changes to our pricing to Ocwen for services from which we generate material revenue

Management cannot predict the outcome of the Ocwen Related Matters or the impact they may have on Altisource. However, in the event these Ocwen Related Matters materially negatively impact Altisource, we believe the impact to Altisource would occur over an extended period of time and the variable nature of our cost structure would allow us to realign our cost structure in line with remaining revenue.

In this regard, we have a plan that we believe would allow us to efficiently execute on this realignment. We believe that transfers of Ocwen’s servicing rights to a successor servicer(s) would take an extended period of time because of the approval required from many parties, including regulators, rating agencies, RMBS trustees, lenders and others. During this period of time, we believe we would continue to generate revenue from the services we provide to the transferred portfolio. Additionally, we have several strategic initiatives that focus on diversifying and growing our revenue and customer base. Our major strategic initiatives include:


•	Continue to grow our Servicer Solutions business


•	Continue to grow our Origination Solutions business


•	Continue to grow our Consumer Real Estate Solutions business


•	Continue to grow our Real Estate Investor Solutions business

We have an established sales and marketing strategy to support each of these initiatives.

Management believes our plans, together with current liquidity and cash flows from operations will be sufficient to meet working capital, capital expenditures, debt service and other cash needs. However, there can be no assurance that our plans would be successful or our operations would be profitable.

Escrow and Trust Balances

We hold customers’ assets in escrow and trust accounts at various financial institutions pending completion of certain real estate activities. We also hold cash in trust accounts at various financial institutions where contractual obligations mandate maintaining dedicated bank accounts for our Financial Services segment’s collections. These amounts are held in escrow and trust accounts for limited periods of time and are not included in the condensed consolidated balance sheets. Amounts held in escrow and trust accounts were $86.2 million and $66.6 million at June 30, 2016 and December 31, 2015, respectively.

SEGMENT REPORTING

6 Months Ended

Jun. 30, 2016

Segment Reporting [Abstract]

SEGMENT REPORTING

Our business segments are based upon our organizational structure, which focuses primarily on the services offered, and are consistent with the internal reporting used by our Chief Executive Officer (our Chief Operating Decision Maker) to evaluate operating performance and to assess the allocation of our resources.

We classify our businesses into three reportable segments. The Mortgage Services segment provides services that span the mortgage and real estate lifecycle and are typically outsourced by loan servicers, loan originators, home investors and other sellers and buyers of single family homes. The Financial Services segment provides collection and customer relationship management services primarily to debt originators and servicers (e.g., credit card, auto lending, retail credit and mortgage) and the utility, insurance and hotel industries. The Technology Services segment provides a portfolio of software, data analytics and information technology infrastructure management services that support the management of mortgage and real estate activities and marketplace transactions across the lifecycle. In addition, Corporate Items and Eliminations include eliminations of transactions between the reportable segments, interest expense and costs related to corporate support functions including executive, finance, law, compliance, human resources, vendor management, risk and sales and marketing costs not allocated to the business units. Intercompany transactions primarily consist of information technology infrastructure management services.

Financial information for our segments is as follows:



	Three months ended June 30, 2016
(in thousands)	Mortgage Services		Financial Services		Technology Services			Corporate Items and Eliminations			Consolidated Altisource

Revenue	$	208,561	$	19,758	$	38,100		$	(10,620	)	$	255,799
Cost of revenue	127,626		14,149		42,424			(9,828		)	174,371
Gross profit (loss)	80,935		5,609		(4,324		)	(792		)	81,428
Selling, general and administrative expenses	28,607		4,204		7,440			13,956			54,207
Income (loss) from operations	52,328		1,405		(11,764		)	(14,748		)	27,221
Total other income (expense), net	35		22		93			(3,394		)	(3,244		)

Income (loss) before income taxes and non-controlling interests	$	52,363	$	1,427	$	(11,671	)	$	(18,142	)	$	23,977



	Three months ended June 30, 2015
(in thousands)	Mortgage Services		Financial Services		Technology Services			Corporate Items and Eliminations			Consolidated Altisource

Revenue	$	197,361	$	23,389	$	55,992		$	(8,421	)	$	268,321
Cost of revenue	112,710		15,537		47,423			(7,511		)	168,159
Gross profit (loss)	84,651		7,852		8,569			(910		)	100,162
Selling, general and administrative expenses	25,228		4,588		7,246			14,504			51,566
Change in the fair value of Equator Earn Out	—		—		(7,591		)	—			(7,591		)
Income (loss) from operations	59,423		3,264		8,914			(15,414		)	56,187
Total other income (expense), net	23		2		(18		)	(4,950		)	(4,943		)

Income (loss) before income taxes and non-controlling interests	$	59,446	$	3,266	$	8,896		$	(20,364	)	$	51,244



	Six months ended June 30, 2016
(in thousands)	Mortgage Services		Financial Services		Technology Services			Corporate Items and Eliminations			Consolidated Altisource

Revenue	$	407,547	$	39,862	$	78,747		$	(20,225	)	$	505,931
Cost of revenue	249,144		28,407		84,317			(18,634		)	343,234
Gross profit (loss)	158,403		11,455		(5,570		)	(1,591		)	162,697
Selling, general and administrative expenses	55,576		8,513		13,998			29,736			107,823
Income (loss) from operations	102,827		2,942		(19,568		)	(31,327		)	54,874
Total other income (expense), net	49		35		100			(9,996		)	(9,812		)

Income (loss) before income taxes and non-controlling interests	$	102,876	$	2,977	$	(19,468	)	$	(41,323	)	$	45,062



	Six months ended June 30, 2015
(in thousands)	Mortgage Services		Financial Services			Technology Services			Corporate Items and Eliminations			Consolidated Altisource

Revenue	$	374,367	$	45,743		$	107,962		$	(19,269	)	$	508,803
Cost of revenue	227,514		30,640			100,146			(17,315		)	340,985
Gross profit (loss)	146,853		15,103			7,816			(1,954		)	167,818
Selling, general and administrative expenses	45,789		9,303			14,561			34,319			103,972
Change in the fair value of Equator Earn Out	—		—			(7,591		)	—			(7,591		)
Income (loss) from operations	101,064		5,800			846			(36,273		)	71,437
Total other income (expense), net	19		(10		)	(17		)	(15,377		)	(15,385		)

Income (loss) before income taxes and non-controlling interests	$	101,083	$	5,790		$	829		$	(51,650	)	$	56,052



(in thousands)	Mortgage Services		Financial Services		Technology Services		Corporate Items and Eliminations		Consolidated Altisource

Total assets:
June 30, 2016	$	333,136	$	46,348	$	144,719	$	151,273	$	675,476
December 31, 2015	325,461		53,757		165,778		176,802		721,798

Our services are provided to customers primarily located in the United States. Premises and equipment, net consist of the following, by country:



(in thousands)	June 30, 2016		December 31, 2015

United States	$	81,540	$	85,021
India	17,370		21,187
Luxembourg	12,650		9,944
Philippines	2,777		2,664
Uruguay	239		305

Total	$	114,576	$	119,121

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 34
-URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8981-108599

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
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Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
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Reference 4: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Standards Codification
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Reference 14: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
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+ Details

ORGANIZATION AND BASIS OF PRESENTATION (Policies)	6 Months Ended
ORGANIZATION AND BASIS OF PRESENTATION (Policies)	Jun. 30, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	Basis of Accounting and Presentation The unaudited interim condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) for interim financial information and with the instructions to Form 10-Q and Article 10 of Securities and Exchange Commission (“SEC”) Regulation S-X. Accordingly, these financial statements do not include all of the information and footnotes required by GAAP for complete consolidated financial statements. In the opinion of management, the interim data includes all normal recurring adjustments considered necessary to fairly state the results for the interim periods presented. The preparation of interim condensed consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of our interim condensed consolidated financial statements, as well as the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Intercompany transactions and accounts have been eliminated in consolidation. Certain prior year amounts have been reclassified to conform to current year presentation. Altisource consolidates two cooperative entities which are managed by the Mortgage Partnership of America, L.L.C. (“MPA”), a wholly-owned subsidiary of Altisource: Best Partners Mortgage Cooperative, Inc., doing business as the Lenders One^® mortgage cooperative (“Lenders One”) and Best Partners Mortgage Brokers Cooperative, Inc., doing business as the Wholesale One^® mortgage cooperative (“Wholesale One”). MPA provides services to Lenders One under a management agreement that ends on December 31, 2025 (with renewals for three successive five-year periods at MPA’s option) and to Wholesale One under a management agreement that ends on July 8, 2039 (with automatic renewals for three successive five-year periods). The management agreements between MPA and Lenders One and Wholesale One, pursuant to which MPA is the management company, represent variable interests in variable interest entities. MPA is the primary beneficiary of Lenders One and Wholesale One as it has the power to direct the activities that most significantly impact each of these cooperatives’ economic performance and the right to receive benefits from each of these cooperatives. As a result, Lenders One and Wholesale One are presented in the accompanying condensed consolidated financial statements on a consolidated basis with the interests of the members reflected as non-controlling interests. As of June 30, 2016, Lenders One had total assets of $2.8 million and total liabilities of $1.3 million. As of December 31, 2015, Lenders One had total assets of $4.9 million and total liabilities of $3.7 million. As of June 30, 2016 and December 31, 2015, Wholesale One had less than $0.1 million in total assets and less than $0.1 million in total liabilities. These interim condensed consolidated financial statements should be read in conjunction with the Company’s Annual Report on Form 10-K for the year ended December 31, 2015, as filed with the SEC on March 15, 2016
Fair Value Measurements	Fair Value Measurements Fair value is defined as an exit price, representing the amount that would be received for an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The three-tier hierarchy for inputs used in measuring fair value, which prioritizes the inputs used in the methodologies of measuring fair value for assets and liabilities, is as follows: Level 1 — Quoted prices in active markets for identical assets and liabilities Level 2 — Observable inputs other than quoted prices included in Level 1 Level 3 — Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of assets or liabilities. Financial assets and financial liabilities are classified based on the lowest level of input that is significant to the fair value measurements. Our assessment of the significance of a particular input to the fair value measurements requires judgment and may affect the valuation of the assets and liabilities being measured and their placement within the fair value hierarchy.
Recently Adopted Accounting Pronouncements	Recently Adopted Accounting Pronouncement On January 1, 2016, Financial Accounting Standards Board (“FASB”) Accounting Standards Update (“ASU”) No. 2015-03, Interest-Imputation of Interest (Subtopic 835-30): Simplifying the Presentation of Debt Issuance Costs, became effective. As a result of this accounting change, the Company now presents debt issuance costs, net as a direct deduction from the related debt (see Note 12). Prior to January 1, 2016, debt issuance costs, net were included in other assets. We adopted the standard retrospectively. Accordingly, prior period amounts were reclassified to conform to the current presentation.
Future Adoption of New Accounting Pronouncement	Future Adoption of New Accounting Pronouncements In May 2014, FASB issued ASU No. 2014-09, Revenue from Contracts with Customers (Topic 606). This standard establishes a single comprehensive model for entities to use in accounting for revenue arising from contracts with customers and supersedes most current revenue recognition guidance. The core principle of this standard is an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. This standard will be effective for annual periods beginning after December 15, 2017, including interim periods within that reporting period. Early adoption is permitted, although not prior to annual periods beginning after December 15, 2016. The Company is currently evaluating the impact this guidance may have on its results of operations and financial position. In January 2016, FASB issued ASU No. 2016-01, Financial Instruments - Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities. This standard will require equity investments (except those accounted for under the equity method of accounting or those that result in consolidation of the investee) to be measured at fair value with changes in fair value recognized in net income. The standard also simplifies the impairment assessment of equity investments without readily determinable fair values by requiring a qualitative assessment to identify impairment. When a qualitative assessment indicates that impairment exists, an entity is required to measure the investment at fair value. It also amends certain financial statement presentation and disclosure requirements associated with the fair value of financial instruments. This standard will be effective for annual periods beginning after December 31, 2017, including interim periods within that reporting period. Early adoption is not permitted. The Company is currently evaluating the impact this guidance may have on its results of operations and financial position. In February 2016, FASB issued ASU No. 2016-02, Leases (Topic 842). This standard introduces a new lessee model that brings substantially all leases on the balance sheet. The standard will require companies to recognize lease assets and lease liabilities on their balance sheets and disclose key information about leasing arrangements in their financial statements. This standard will be effective for annual periods beginning after December 15, 2018, including interim periods within that reporting period. Early application of this standard is permitted. The Company is currently evaluating the impact this guidance may have on its results of operations and financial position. In March 2016, FASB issued ASU No. 2016-08, Revenue from Contracts with Customers (Topic 606): Principal versus Agent Considerations (Reporting Revenue Gross versus Net). This standard clarifies guidance on principal versus agent considerations in connection with revenue recognition. When another party is involved in providing goods or services to a customer, an entity is required to determine whether the nature of its promise is to provide the specified good or service itself (that is, the entity is a principal) or to arrange for that good or service to be provided by the other party (that is, the entity is an agent). An entity is a principal if it controls the specified good or service before that good or service is transferred to a customer. The guidance includes indicators to assist an entity in determining whether it controls a specified good or service before it is transferred to the customer. This standard will be effective for annual periods beginning after December 15, 2017, including interim periods within that reporting period. Early adoption is permitted, although not prior to annual periods beginning after December 15, 2016. The Company is currently evaluating the impact this guidance may have on its results of operations and financial position. In March 2016, FASB issued ASU No. 2016-09, Compensation - Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting. This standard simplifies several aspects of the accounting for share-based payment transactions, including the income tax consequences, classification of awards as either equity or liabilities and classification on the statement of cash flows. The standard will require companies to recognize all award-related excess tax benefits and tax deficiencies in their income statements, classify any excess tax benefits as an operating activity in their statements of cash flows, provide companies with the option of estimating forfeitures or recognizing forfeitures as they occur, modify the statutory tax withholding requirements and classify cash paid by employers when directly withholding shares for tax withholding purposes as an investing activity in their statements of cash flows. This standard will be effective for annual periods beginning after December 15, 2016, including interim periods within that reporting period. Early application of this standard is permitted. The Company is currently evaluating the impact this guidance may have on its results of operations and financial position. In April 2016, FASB issued ASU No. 2016-10, Revenue from Contracts with Customers (Topic 606): Identifying Performance Obligations and Licensing. This standard provides guidance on identifying performance obligations in a contract with a customer and clarifying several licensing considerations, including whether an entity’s promise to grant a license provides a customer with either a right to use the entity’s intellectual property (which is satisfied at a point in time) or a right to access the entity’s intellectual property (which is satisfied over time) and guidance on sales-based and usage-based royalties. This standard will be effective for annual periods beginning after December 15, 2017, including interim periods within that reporting period. Early adoption is permitted, although not prior to annual periods beginning after December 15, 2016. The Company is currently evaluating the impact this guidance may have on its results of operations and financial position. In May 2016, FASB issued ASU No. 2016-12, Revenue from Contracts with Customers (Topic 606): Narrow-Scope Improvements and Practical Expedients. This standard addresses collectability, sales taxes and other similar taxes collected from customers, non-cash consideration, contract modifications at transition and completed contracts at transition. This standard will be effective for annual periods beginning after December 15, 2017, including interim periods within that reporting period. Early adoption is permitted, although not prior to annual periods beginning after December 15, 2016. The Company is currently evaluating the impact this guidance may have on its results of operations and financial position.

CUSTOMER CONCENTRATION (Tables)

6 Months Ended

Jun. 30, 2016

Ocwen

Concentration Risk



	Three months ended June 30,				Six months ended June 30,
	2016		2015		2016		2015

Mortgage Services	59	%	62	%	59	%	63	%
Financial Services	19	%	19	%	17	%	22	%
Technology Services	38	%	57	%	41	%	52	%
Consolidated revenue	55	%	59	%	55	%	59	%

ACQUISITIONS (Tables)

6 Months Ended

Jun. 30, 2016

RentRange, Investability and Onit Solutions

Acquisitions

Summary of preliminary allocation of purchase price



(in thousands)

Cash	$	3
Accounts receivable, net	245
Premises and equipment, net	1,206
Other assets	199
Software	1,265
Trademarks and trade names	1,205
Databases/other	910
Non-compete agreements	330
Customer relationships	255
Goodwill	19,565
	25,183
Accounts payable and accrued expenses	(391		)

Purchase price	$	24,792

CastleLine

Acquisitions

Summary of preliminary allocation of purchase price

The initial and final allocation of the purchase price is as follows:



(in thousands)	Initial purchase price allocation			Adjustments			Final purchase price allocation

Cash	$	1,088		$	—		$	1,088
Accounts receivable, net	510			(410		)	100
Prepaid expenses	66			(46		)	20
Restricted cash	2,501			—			2,501
Non-compete agreements	1,105			25			1,130
Databases/other	465			1,335			1,800
Customer relationships	395			—			395
Trademarks and trade names	150			10			160
Deferred taxes	—			356			356
Goodwill	28,125			(1,395		)	26,730
	34,405			(125		)	34,280
Accounts payable and accrued expenses	(875		)	38			(837		)
Deferred revenue	(87		)	87			—

Purchase price	$	33,443		$	—		$	33,443

ACCOUNTS RECEIVABLE, NET (Tables)

6 Months Ended

Jun. 30, 2016

Receivables [Abstract]

Schedule of accounts receivable, net

Accounts receivable, net consists of the following:



(in thousands)	June 30, 2016			December 31, 2015

Billed	$	61,211		$	67,021
Unbilled	50,548			56,458
	111,759			123,479
Less: allowance for doubtful accounts	(11,594		)	(18,456		)

Total	$	100,165		$	105,023

PREPAID EXPENSES AND OTHER CURRENT ASSETS (Tables)

6 Months Ended

Jun. 30, 2016

Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]

Schedule of prepaid expenses and other current assets

Prepaid expenses and other current assets consist of the following:



(in thousands)	June 30, 2016		December 31, 2015

Maintenance agreements, current portion	$	8,131	$	7,000
Income taxes receivable	988		633
Prepaid expenses	7,975		7,873
Other current assets	10,653		6,245

Total	$	27,747	$	21,751

PREMISES AND EQUIPMENT, NET (Tables)

6 Months Ended

Jun. 30, 2016

Property, Plant and Equipment [Abstract]

Schedule of premises and equipment, net

Premises and equipment, net consists of the following:



(in thousands)	June 30, 2016			December 31, 2015

Computer hardware and software	$	183,490		$	177,010
Office equipment and other	25,934			21,720
Furniture and fixtures	15,338			14,443
Leasehold improvements	36,807			35,503
	261,569			248,676
Less: accumulated depreciation and amortization	(146,993		)	(129,555		)

Total	$	114,576		$	119,121

GOODWILL AND INTANGIBLE ASSETS, NET (Tables)

6 Months Ended

Jun. 30, 2016

Goodwill and Intangible Assets Disclosure [Abstract]

Summary of changes in goodwill

The following is a summary of goodwill by segment:



(in thousands)	Mortgage Services			Financial Services		Technology Services		Total

Balance as of December 31, 2015	$	80,423		$	2,378	$	—	$	82,801
Acquisition of CastleLine ⁽¹⁾	(1,395		)	—		—		(1,395		)
Balance as of June 30, 2016	$	79,028		$	2,378	$	—	$	81,406


⁽¹⁾	During the second quarter of 2016, goodwill was revised to reflect a purchase accounting measurement period adjustment related to the CastleLine acquisition. See Note 4.

Schedule of intangible assets, net

Intangible assets, net consist of the following:



	Weighted average estimated useful life (in years)	Gross carrying amount				Accumulated amortization						Net book value
(in thousands)	Weighted average estimated useful life (in years)	June 30, 2016		December 31, 2015		June 30, 2016			December 31, 2015			June 30, 2016		December 31, 2015

Definite lived intangible assets:
Trademarks and trade names	13	$	15,254	$	15,244	$	(7,121	)	$	(6,491	)	$	8,133	$	8,753
Customer related intangible assets	10	274,428		274,428		(136,440		)	(113,725		)	137,988		160,703
Operating agreement	20	35,000		35,000		(11,229		)	(10,354		)	23,771		24,646
Non-compete agreements	4	1,460		1,435		(314		)	(115		)	1,146		1,320
Intellectual property	10	300		300		(70		)	(55		)	230		245
Other intangible assets	5	2,710		1,375		(572		)	(39		)	2,138		1,336

Total		$	329,152	$	327,782	$	(155,746	)	$	(130,779	)	$	173,406	$	197,003

OTHER ASSETS (Tables)

6 Months Ended

Jun. 30, 2016

Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]

Schedule of other assets

Other assets consist of the following:



(in thousands)	June 30, 2016		December 31, 2015

Security deposits	$	5,365	$	5,341
Maintenance agreements, non-current portion	1,334		1,570
Restricted cash	4,781		4,801
Other	1,206		1,441

Total	$	12,686	$	13,153

ACCOUNTS PAYABLE, ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES (Tables)

6 Months Ended

Jun. 30, 2016

Payables and Accruals [Abstract]

Schedule of accounts payable and accrued expenses

Accounts payable and accrued expenses consist of the following:



(in thousands)	June 30, 2016		December 31, 2015

Accounts payable	$	15,114	$	11,644
Accrued expenses - general	29,906		30,347
Accrued salaries and benefits	38,320		46,564
Income taxes payable	5,408		3,316

Total	$	88,748	$	91,871

Schedule of other current liabilities

Other current liabilities consist of the following:



(in thousands)	June 30, 2016		December 31, 2015

Unfunded cash account balances	$	3,660	$	6,395
Other	10,649		9,871

Total	$	14,309	$	16,266

LONG-TERM DEBT (Tables)

6 Months Ended

Jun. 30, 2016

Debt Disclosure [Abstract]

Schedule of long-term debt

Long-term debt consists of the following:



(in thousands)	June 30, 2016			December 31, 2015

Senior secured term loan	$	482,626		$	536,598
Less: debt issuance costs, net	(5,071		)	(6,184		)
Less: unamortized discount, net	(1,834		)	(2,236		)
Net long-term debt	475,721			528,178
Less: current portion	(5,945		)	(5,945		)

Long-term debt, less current portion	$	469,776		$	522,233

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.22)
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+ Details

OTHER NON-CURRENT LIABILITIES (Tables)

6 Months Ended

Jun. 30, 2016

Other Liabilities Disclosure [Abstract]

Schedule of other non current liabilities

Other non-current liabilities consist of the following:



(in thousands)	June 30, 2016		December 31, 2015

Acquisition related obligations	$	5,446	$	8,422
Other non-current liabilities	11,115		9,731

Total	$	16,561	$	18,153

FAIR VALUE (Tables)

6 Months Ended

Jun. 30, 2016

Fair Value Disclosures [Abstract]

Fair Value Measurements, Recurring and Nonrecurring

The following fair values are estimated using market information and what the Company believes to be appropriate valuation methodologies under GAAP are as follows:



	June 30, 2016						December 31, 2015
(in thousands)	Carrying amount		Fair value				Carrying amount		Fair value
			Level 1		Level 2				Level 1		Level 2

Cash and cash equivalents	$	120,486	$	120,486	$	—	$	179,327	$	179,327	$	—
Restricted cash	4,781		4,781		—		4,801		4,801		—
Long-term debt	482,626		—		412,645		536,598		—		469,523

SHAREHOLDERS’ EQUITY AND SHARE-BASED COMPENSATION (Tables)

6 Months Ended

Jun. 30, 2016

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Schedule of assumptions used to determine the fair value of options as of the grant date



	Six months ended June 30, 2016		Six months ended June 30, 2015
	Black-Scholes	Binomial	Black-Scholes	Binomial

Risk-free interest rate (%)	1.25 - 1.89	0.23 - 1.97	1.50 - 1.78	0.02 - 2.26
Expected stock price volatility (%)	59.75 - 62.14	59.76 - 62.14	55.06 - 57.60	55.06 - 57.60
Expected dividend yield	—	—	—	—
Expected option life (in years)	6.00 - 6.25	4.54 - 4.88	6.00 - 6.25	4.54 - 4.88
Fair value	$11.15 - $17.09	$11.06 - $17.58	$10.01 - $16.05	$9.91 - $16.13

Summary of the weighted average fair value of stock options granted, the total intrinsic value of stock options exercised and the fair value of options vested



	Six months ended June 30,
(in thousands, except per share amounts)	2016		2015

Weighted average grant date fair value of stock options granted per share	$	15.81	$	12.49
Intrinsic value of options exercised	1,002		176
Grant date fair value of stock options that vested	2,010		530

Summary of the activity of the entity's stock options

The following table summarizes the activity related to our stock options:



	Number of options		Weighted average exercise price		Weighted average contractual term (in years)	Aggregate intrinsic value (in thousands)

Outstanding at December 31, 2015	3,163,125		$	20.13	4.94	$	35,842
Granted	93,500		27.43
Exercised	(79,726	)	12.36
Forfeited	(46,950	)	25.32

Outstanding at June 30, 2016	3,129,949		20.47		4.43	34,598

Exercisable at June 30, 2016	2,286,429		15.19		2.84	32,079

Schedule of share-based compensation, restricted stock and restricted stock units activity

The following table summarizes the activity related to our restricted shares:



	Number of restricted shares

Outstanding at December 31, 2015	272,326
Granted	12,378
Issued	(13,388	)
Forfeited	(5,100	)

Outstanding at June 30, 2016	266,216

Schedule of share-based compensation, stock options and stock appreciation rights award activity

The following table reflects outstanding EARs (expressed as a percentage of each of the divisions):



	Consumer Analytics		Document Solutions		Marketplace Solutions

Outstanding at December 31, 2015	5.6	%	5.6	%	5.3	%
Granted	—		—		—
Forfeited	(0.5	)	—		(0.1	)

Outstanding at June 30, 2016	5.1	%	5.6	%	5.2	%

REVENUE REVENUE (Tables)

6 Months Ended

Jun. 30, 2016

Revenue [Abstract]

Schedule of revenue

The components of revenue were as follows:



	Three months ended June 30,				Six months ended June 30,
(in thousands)	2016		2015		2016		2015

Service revenue	$	241,324	$	236,595	$	475,604	$	444,411
Reimbursable expenses	13,783		30,830		29,237		62,786
Non-controlling interests	692		896		1,090		1,606

Total	$	255,799	$	268,321	$	505,931	$	508,803

COST OF REVENUE (Tables)

6 Months Ended

Jun. 30, 2016

Cost of Revenue [Abstract]

Schedule of components of cost of revenue

The components of cost of revenue were as follows:



	Three months ended June 30,				Six months ended June 30,
(in thousands)	2016		2015		2016		2015

Compensation and benefits	$	69,773	$	64,890	$	134,836	$	134,216
Outside fees and services	73,326		54,822		145,129		108,069
Reimbursable expenses	13,783		30,830		29,237		62,786
Technology and telecommunications	10,703		10,355		20,643		22,248
Depreciation and amortization	6,786		7,262		13,389		13,666

Total	$	174,371	$	168,159	$	343,234	$	340,985

SELLING, GENERAL AND ADMINISTRATIVE EXPENSES (Tables)

6 Months Ended

Jun. 30, 2016

Selling, General and Administrative Expense [Abstract]

Schedule of the components of selling, general and administrative expenses

The components of selling, general and administrative expenses were as follows:



	Three months ended June 30,				Six months ended June 30,
(in thousands)	2016		2015		2016		2015

Compensation and benefits	$	14,324	$	13,636	$	28,315	$	26,399
Occupancy related costs	8,799		10,047		17,882		20,701
Amortization of intangible assets	12,756		8,986		24,967		17,877
Professional services	6,696		6,639		13,436		14,629
Marketing costs	5,671		5,920		12,163		11,273
Depreciation and amortization	2,352		2,344		4,957		4,766
Other	3,609		3,994		6,103		8,327

Total	$	54,207	$	51,566	$	107,823	$	103,972

OTHER INCOME (EXPENSE), NET (Tables)

6 Months Ended

Jun. 30, 2016

Other Income and Expenses [Abstract]

Schedule of other income (expense), net

Other income (expense), net consists of the following:



	Three months ended June 30,						Six months ended June 30,
(in thousands)	2016			2015			2016			2015

Gain on early extinguishment of debt	$	5,464		$	1,114		$	5,464		$	1,114
Expenses related to the purchase of available for sale securities	(3,356		)	—			(3,356		)	—
Interest income	6			31			17			62
Other, net	630			(324		)	592			(352		)

Total	$	2,744		$	821		$	2,717		$	824

EARNINGS PER SHARE (Tables)

6 Months Ended

Jun. 30, 2016

Earnings Per Share [Abstract]

Schedule of basic and diluted EPS calculation

Basic and diluted EPS are calculated as follows:



	Three months ended June 30,				Six months ended June 30,
(in thousands, except per share data)	2016		2015		2016		2015

Net income attributable to Altisource	$	19,994	$	45,950	$	38,488	$	49,648

Weighted average common shares outstanding, basic	18,437		19,571		18,646		19,870
Dilutive effect of stock options and restricted shares	1,167		1,098		1,176		960

Weighted average common shares outstanding, diluted	19,604		20,669		19,822		20,830

Earnings per share:
Basic	$	1.08	$	2.35	$	2.06	$	2.50

Diluted	$	1.02	$	2.22	$	1.94	$	2.38

SEGMENT REPORTING (Tables)

6 Months Ended

Jun. 30, 2016

Segment Reporting [Abstract]

Schedule of financial information of segments

Financial information for our segments is as follows:



	Three months ended June 30, 2016
(in thousands)	Mortgage Services		Financial Services		Technology Services			Corporate Items and Eliminations			Consolidated Altisource

Revenue	$	208,561	$	19,758	$	38,100		$	(10,620	)	$	255,799
Cost of revenue	127,626		14,149		42,424			(9,828		)	174,371
Gross profit (loss)	80,935		5,609		(4,324		)	(792		)	81,428
Selling, general and administrative expenses	28,607		4,204		7,440			13,956			54,207
Income (loss) from operations	52,328		1,405		(11,764		)	(14,748		)	27,221
Total other income (expense), net	35		22		93			(3,394		)	(3,244		)

Income (loss) before income taxes and non-controlling interests	$	52,363	$	1,427	$	(11,671	)	$	(18,142	)	$	23,977



	Three months ended June 30, 2015
(in thousands)	Mortgage Services		Financial Services		Technology Services			Corporate Items and Eliminations			Consolidated Altisource

Revenue	$	197,361	$	23,389	$	55,992		$	(8,421	)	$	268,321
Cost of revenue	112,710		15,537		47,423			(7,511		)	168,159
Gross profit (loss)	84,651		7,852		8,569			(910		)	100,162
Selling, general and administrative expenses	25,228		4,588		7,246			14,504			51,566
Change in the fair value of Equator Earn Out	—		—		(7,591		)	—			(7,591		)
Income (loss) from operations	59,423		3,264		8,914			(15,414		)	56,187
Total other income (expense), net	23		2		(18		)	(4,950		)	(4,943		)

Income (loss) before income taxes and non-controlling interests	$	59,446	$	3,266	$	8,896		$	(20,364	)	$	51,244



	Six months ended June 30, 2016
(in thousands)	Mortgage Services		Financial Services		Technology Services			Corporate Items and Eliminations			Consolidated Altisource

Revenue	$	407,547	$	39,862	$	78,747		$	(20,225	)	$	505,931
Cost of revenue	249,144		28,407		84,317			(18,634		)	343,234
Gross profit (loss)	158,403		11,455		(5,570		)	(1,591		)	162,697
Selling, general and administrative expenses	55,576		8,513		13,998			29,736			107,823
Income (loss) from operations	102,827		2,942		(19,568		)	(31,327		)	54,874
Total other income (expense), net	49		35		100			(9,996		)	(9,812		)

Income (loss) before income taxes and non-controlling interests	$	102,876	$	2,977	$	(19,468	)	$	(41,323	)	$	45,062



	Six months ended June 30, 2015
(in thousands)	Mortgage Services		Financial Services			Technology Services			Corporate Items and Eliminations			Consolidated Altisource

Revenue	$	374,367	$	45,743		$	107,962		$	(19,269	)	$	508,803
Cost of revenue	227,514		30,640			100,146			(17,315		)	340,985
Gross profit (loss)	146,853		15,103			7,816			(1,954		)	167,818
Selling, general and administrative expenses	45,789		9,303			14,561			34,319			103,972
Change in the fair value of Equator Earn Out	—		—			(7,591		)	—			(7,591		)
Income (loss) from operations	101,064		5,800			846			(36,273		)	71,437
Total other income (expense), net	19		(10		)	(17		)	(15,377		)	(15,385		)

Income (loss) before income taxes and non-controlling interests	$	101,083	$	5,790		$	829		$	(51,650	)	$	56,052



(in thousands)	Mortgage Services		Financial Services		Technology Services		Corporate Items and Eliminations		Consolidated Altisource

Total assets:
June 30, 2016	$	333,136	$	46,348	$	144,719	$	151,273	$	675,476
December 31, 2015	325,461		53,757		165,778		176,802		721,798

Schedule of premises and equipment, net by country

Premises and equipment, net consist of the following, by country:



(in thousands)	June 30, 2016		December 31, 2015

United States	$	81,540	$	85,021
India	17,370		21,187
Luxembourg	12,650		9,944
Philippines	2,777		2,664
Uruguay	239		305

Total	$	114,576	$	119,121

ORGANIZATION AND BASIS OF PRESENTATION (Details) $ in Millions	6 Months Ended
	Jun. 30, 2016 USD ($) segment	Dec. 31, 2015 USD ($)
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Number of reporting segments \| segment	3
Lenders One [Member]
Summary of significant accounting policies
Total assets	$ 2.8	$ 4.9
Total liabilities	1.3	3.7
Wholesale One [Member]
Summary of significant accounting policies
Total assets	0.1	0.1
Total liabilities	$ 0.1	$ 0.1

CUSTOMER CONCENTRATION (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
CUSTOMER CONCENTRATION (Details) - USD ($) $ in Millions	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015	Dec. 31, 2015
Concentration Risk
Other portfolio servicing revenue	$ 51.3	$ 54.5	$ 98.0	$ 108.0
Ocwen
Concentration Risk
Revenue from largest customer	140.5	$ 159.6	280.7	$ 301.0
Fair value, accounts receivable	$ 30.9		$ 30.9		$ 38.2
Ocwen \| Revenue from Rights Concentration Risk \| Sales Revenue, Segment
Concentration Risk
Percentage of revenue from largest customer	55.00%	59.00%	55.00%	59.00%
Billed Revenues \| Ocwen
Concentration Risk
Fair value, accounts receivable	$ 19.4		$ 19.4		20.4
Unbilled Revenues \| Ocwen
Concentration Risk
Fair value, accounts receivable	$ 11.5		$ 11.5		$ 17.8
Mortgage Services \| Ocwen \| Revenue from Rights Concentration Risk \| Sales Revenue, Segment
Concentration Risk
Percentage of revenue from largest customer	59.00%	62.00%	59.00%	63.00%
Financial Services \| Ocwen \| Revenue from Rights Concentration Risk \| Sales Revenue, Segment
Concentration Risk
Percentage of revenue from largest customer	19.00%	19.00%	17.00%	22.00%
Technology Services \| Ocwen \| Revenue from Rights Concentration Risk \| Sales Revenue, Segment
Concentration Risk
Percentage of revenue from largest customer	38.00%	57.00%	41.00%	52.00%

TRANSACTIONS WITH RELATED PARTIES (Details) $ in Millions	1 Months Ended
TRANSACTIONS WITH RELATED PARTIES (Details) $ in Millions	Jan. 16, 2015 USD ($)
Ocwen
Related Party Transaction [Line Items]
Related party, revenue earned	$ 22.9
Ocwen \| Data Access and Services Agreement
Related Party Transaction [Line Items]
Related party, cost of revenue	1.9
Ocwen \| Support Services Agreement
Related Party Transaction [Line Items]
Related party, selling, general and administrative expenses billed to related party	0.1
Related party, selling, general and administrative expenses billed by related party	0.3
Residential \| Management, Support and Other Services Agreements
Related Party Transaction [Line Items]
Related party, revenue earned	$ 1.0

ACQUISITIONS - RentRange, Investability and Onit Solutions (Details) - USD ($) shares in Thousands, $ in Thousands	Oct. 09, 2015	Jun. 30, 2016	Dec. 31, 2015
Acquisitions
Goodwill		$ 81,406	$ 82,801
RentRange, Investability and Onit Solutions
Acquisitions
Business combination, consideration transferred	$ 24,800
Cash payment to acquire business	$ 17,500
Number of shares exchanged for acquisition (in thousands)	247
Value of common stock paid at acquisition	$ 7,300
Contingent consideration arrangements, payment period	4 years
Cash	$ 3
Accounts receivable, net	245
Premises and equipment, net	1,206
Other assets	199
Software	1,265
Trademarks and trade names	1,205
Databases/other	910
Non-compete agreements	330
Customer relationships	255
Goodwill	19,565
Total assets	25,183
Accounts payable and accrued expenses	(391)
Purchase price	$ 24,792

ACQUISITIONS - CastleLine (Details) - USD ($) shares in Thousands, $ in Thousands	Jul. 17, 2015	Jun. 30, 2016	Dec. 31, 2015
Acquisitions
Goodwill		$ 81,406	$ 82,801
CastleLine
Acquisitions
Cash paid at acquisition	$ 12,300
Accounts payable	$ 10,500
Contingent consideration arrangements, payment period	4 years
Number of shares exchanged for acquisition (in thousands)	495
Value of common stock paid at acquisition	$ 14,400
Contingent consideration arrangements, range of outcomes, value, high	3,800
Cash		1,088
Accounts receivable, net		100
Prepaid expenses		20
Restricted cash		2,501
Non-compete agreements		1,130
Databases/other		1,800
Customer relationships		395
Trademarks and trade names		160
Deferred taxes		356
Goodwill		26,730
Total assets		34,280
Accounts payable and accrued expenses		(837)
Deferred revenue		0
Purchase price		33,443
CastleLine \| Initial purchase price allocation
Acquisitions
Business combination, consideration transferred	33,400
Cash	1,088
Accounts receivable, net	510
Prepaid expenses	66
Restricted cash	2,501
Non-compete agreements	1,105
Databases/other	465
Customer relationships	395
Trademarks and trade names	150
Deferred taxes	0
Goodwill	28,125
Total assets	34,405
Accounts payable and accrued expenses	(875)
Deferred revenue	(87)
Purchase price	$ 33,443
CastleLine \| Adjustments
Acquisitions
Cash		0
Accounts receivable, net		(410)
Prepaid expenses		(46)
Restricted cash		0
Non-compete agreements		25
Databases/other		1,335
Customer relationships		0
Trademarks and trade names		10
Deferred taxes		356
Goodwill		(1,395)
Total assets		(125)
Accounts payable and accrued expenses		38
Deferred revenue		87
Purchase price		$ 0

AVAILABLE FOR SALE SECURITIES (Details) - USD ($) shares in Millions	3 Months Ended	6 Months Ended
	Jun. 30, 2016	Jun. 30, 2016	Jun. 30, 2015	Dec. 31, 2015
Investments, Debt and Equity Securities [Abstract]
Number of available for sale shares acquired (in shares)		4.1
Purchase of available for sale securities		$ 48,219,000	$ 29,966,000
Available for sale securities	$ 38,087,000	$ 38,087,000		$ 0
Available for sale securities, investment related expenses	3,400,000
Investment income, dividend	$ 1,000,000

ACCOUNTS RECEIVABLE, NET (Details) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Accounts receivable, net
Accounts receivable, gross	$ 111,759	$ 123,479
Less: allowance for doubtful accounts	(11,594)	(18,456)
Total	100,165	105,023
Billed
Accounts receivable, net
Accounts receivable, gross	61,211	67,021
Unbilled Revenues
Accounts receivable, net
Accounts receivable, gross	$ 50,548	$ 56,458

PREPAID EXPENSES AND OTHER CURRENT ASSETS (Details) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Maintenance agreements, current portion	$ 8,131	$ 7,000
Income taxes receivable	988	633
Prepaid expenses	7,975	7,873
Other current assets	10,653	6,245
Total	$ 27,747	$ 21,751

PREMISES AND EQUIPMENT, NET (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015	Dec. 31, 2015
PREMISES AND EQUIPMENT, NET
Premises and equipment, gross	$ 261,569		$ 261,569		$ 248,676
Less: accumulated depreciation and amortization	(146,993)		(146,993)		(129,555)
Total	114,576		114,576		119,121
Depreciation and amortization	9,138	$ 9,606	18,346	$ 18,432
Computer hardware and software
PREMISES AND EQUIPMENT, NET
Premises and equipment, gross	183,490		183,490		177,010
Office equipment and other
PREMISES AND EQUIPMENT, NET
Premises and equipment, gross	25,934		25,934		21,720
Furniture and fixtures
PREMISES AND EQUIPMENT, NET
Premises and equipment, gross	15,338		15,338		14,443
Leasehold improvements
PREMISES AND EQUIPMENT, NET
Premises and equipment, gross	$ 36,807		$ 36,807		$ 35,503

GOODWILL (Details) $ in Thousands	6 Months Ended
GOODWILL (Details) $ in Thousands	Jun. 30, 2016 USD ($)
Goodwill [Roll Forward]
Goodwill, beginnig of period	$ 82,801
Goodwill, end of period	81,406
Mortgage Services
Goodwill [Roll Forward]
Goodwill, beginnig of period	80,423
Goodwill, end of period	79,028
Financial Services
Goodwill [Roll Forward]
Goodwill, beginnig of period	2,378
Goodwill, end of period	2,378
Technology Services
Goodwill [Roll Forward]
Goodwill, beginnig of period	0
Goodwill, end of period	0
CastleLine
Goodwill [Roll Forward]
Goodwill, end of period	26,730
CastleLine \| Adjustment
Goodwill [Roll Forward]
Acquisition of Castleline, purchase accounting measurement period adjustment	(1,395)
Goodwill, end of period	(1,395)
CastleLine \| Adjustment \| Mortgage Services
Goodwill [Roll Forward]
Acquisition of Castleline, purchase accounting measurement period adjustment	(1,395)
CastleLine \| Adjustment \| Financial Services
Goodwill [Roll Forward]
Acquisition of Castleline, purchase accounting measurement period adjustment	0
CastleLine \| Adjustment \| Technology Services
Goodwill [Roll Forward]
Acquisition of Castleline, purchase accounting measurement period adjustment	$ 0

INTANGIBLE ASSETS, NET (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
INTANGIBLE ASSETS, NET (Details) - USD ($) $ in Thousands	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015	Dec. 31, 2015
Intangible Assets, Net
Gross carrying amount	$ 329,152		$ 329,152		$ 327,782
Accumulated amortization	(155,746)		(155,746)		(130,779)
Net book value	173,406		173,406		197,003
Amortization expense for definite lived intangible assets	12,756	$ 8,986	24,967	$ 17,877
2016	39,900		39,900
2017	27,000		27,000
2018	23,900		23,900
2019	21,700		21,700
2020	19,600		19,600
Trademarks and trade names
Intangible Assets, Net
Gross carrying amount	15,254		15,254		15,244
Accumulated amortization	(7,121)		(7,121)		(6,491)
Net book value	8,133		$ 8,133		8,753
Trademarks and trade names \| Weighted average
Intangible Assets, Net
Weighted average estimated useful life (in years)			13 years
Customer related intangible assets
Intangible Assets, Net
Gross carrying amount	274,428		$ 274,428		274,428
Accumulated amortization	(136,440)		(136,440)		(113,725)
Net book value	137,988		$ 137,988		160,703
Customer related intangible assets \| Weighted average
Intangible Assets, Net
Weighted average estimated useful life (in years)			10 years
Operating agreement
Intangible Assets, Net
Gross carrying amount	35,000		$ 35,000		35,000
Accumulated amortization	(11,229)		(11,229)		(10,354)
Net book value	23,771		$ 23,771		24,646
Operating agreement \| Weighted average
Intangible Assets, Net
Weighted average estimated useful life (in years)			20 years
Noncompete Agreements
Intangible Assets, Net
Gross carrying amount	1,460		$ 1,460		1,435
Accumulated amortization	(314)		(314)		(115)
Net book value	1,146		$ 1,146		1,320
Noncompete Agreements \| Weighted average
Intangible Assets, Net
Weighted average estimated useful life (in years)			4 years
Intellectual property
Intangible Assets, Net
Gross carrying amount	300		$ 300		300
Accumulated amortization	(70)		(70)		(55)
Net book value	230		$ 230		245
Intellectual property \| Weighted average
Intangible Assets, Net
Weighted average estimated useful life (in years)			10 years
Other Intangible Assets
Intangible Assets, Net
Weighted average estimated useful life (in years)			5 years
Gross carrying amount	2,710		$ 2,710		1,375
Accumulated amortization	(572)		(572)		(39)
Net book value	$ 2,138		$ 2,138		$ 1,336

OTHER ASSETS (Details) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Security deposits	$ 5,365	$ 5,341
Maintenance agreements, non-current portion	1,334	1,570
Restricted cash	4,781	4,801
Other	1,206	1,441
Total	$ 12,686	$ 13,153

ACCOUNTS PAYABLE AND ACCRUED EXPENSES (Details) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Accounts payable and accrued expenses
Accounts payable	$ 15,114	$ 11,644
Accrued expenses - general	29,906	30,347
Accrued salaries and benefits	38,320	46,564
Income taxes payable	5,408	3,316
Total	$ 88,748	$ 91,871

OTHER CURRENT LIABILITIES (Details) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Other current liabilities
Unfunded cash account balances	$ 3,660	$ 6,395
Other	10,649	9,871
Total	$ 14,309	$ 16,266

LONG-TERM DEBT (Details)		3 Months Ended		6 Months Ended
LONG-TERM DEBT (Details)	Aug. 01, 2014 USD ($)	Jun. 30, 2016 USD ($)	Jun. 30, 2015 USD ($)	Jun. 30, 2016 USD ($)	Jun. 30, 2015 USD ($)	Dec. 31, 2015 USD ($)	May 07, 2013 USD ($)
Debt
Available for sale securities		$ 38,087,000		$ 38,087,000		$ 0
Senior secured term loan		482,626,000		482,626,000		536,598,000
Less: debt issuance costs, net		(5,071,000)		(5,071,000)		(6,184,000)
Less: unamortized discount, net		(1,834,000)		(1,834,000)		(2,236,000)
Net long-term debt		475,721,000		475,721,000		528,178,000
Less: current portion		(5,945,000)		(5,945,000)		(5,945,000)
Long-term debt, less current portion		469,776,000		469,776,000		522,233,000
Extinguishment of debt, amount		$ 51,000,000	$ 16,000,000
Percentage discount of par received on early extinguishment of debt		13.20%	9.00%
Gains (losses) on extinguishment of debt		$ 5,464,000	$ 1,114,000	5,464,000	$ 1,114,000
Interest on long-term debt		5,988,000	7,195,000	12,529,000	14,355,000
Senior secured term loan
Debt
Less: debt issuance costs, net		$ (5,100,000)		(5,100,000)		(6,200,000)
Debt instrument accordion feature increase in additional borrowings							$ 200,000,000.0
Aggregate amount of each consecutive quarterly scheduled principal installment	$ 1,486,000
Mandatory prepayments owed				$ 0
Interest rate at the end of the period (as a percent)		4.50%		4.50%
Accumulated amortization		$ 5,200,000		$ 5,200,000		$ 4,100,000
Interest on long-term debt		$ 6,000,000	$ 7,200,000	$ 12,500,000	$ 14,400,000
Senior secured term loan \| Maximum
Debt
Leverage ratio to be maintained under the credit facility covenants				3.0
Covenant threshold, leverage ratio				3.50
Number of days within which the entity fails to pay principal when due or interest or any other amount owing on any other obligation under the credit agreement, is considered as event of default				5 days
Amount of principal or interest if failed to pay considered as event of default				$ 40,000,000
Amount of debt which results in acceleration of debt if failed to pay considered as event of default				40,000,000
Amount of unbonded, undischarged or unstayed debt under entry by court of one or more judgments for certain period to determine as event of default				$ 40,000,000
Senior secured term loan \| Minimum
Debt
Leverage ratio to be maintained under the credit facility covenants				1.00
Covenant threshold, leverage ratio				1.00
Senior secured term loan \| Adjusted Eurodollar Rate
Debt
Reference rate				Adjusted Eurodollar Rate
Fixed interest rate base (as a percent)				1.00%
Interest rate margin (as a percent)				3.50%
Senior secured term loan \| Base Rate
Debt
Reference rate				Base Rate
Fixed interest rate base (as a percent)				2.00%
Interest rate margin (as a percent)				2.50%

OTHER NON-CURRENT LIABILITIES (Details) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Other Liabilities Disclosure [Abstract]
Acquisition related obligations	$ 5,446	$ 8,422
Other non-current liabilities	11,115	9,731
Total	$ 16,561	$ 18,153

FAIR VALUE (Details) - USD ($) shares in Millions	3 Months Ended	6 Months Ended		12 Months Ended
FAIR VALUE (Details) - USD ($) shares in Millions	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015	Dec. 31, 2015
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Number of available for sale shares acquired (in shares)		4.1
Available for sale securities		$ 38,087,000		$ 0
Change in the fair value of Equator Earn Out	$ (7,591,000)		$ (7,591,000)
Fair Value, Measurements, Recurring
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair value of acquisition related contingent consideration		$ 4,100,000		3,900,000
Equator LLC
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Payment made to extinguish contingent consideration	$ 500,000
Value of contingent consideration after payment to sellers				$ 0

FAIR VALUE (Details 2) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015	Jun. 30, 2015	Dec. 31, 2014
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Cash and cash equivalents	$ 120,486	$ 179,327	$ 130,079	$ 161,361
Restricted cash, carrying amount	4,781	4,801
Long-term debt, carrying amount	482,626	536,598
Fair Value, Inputs, Level 1 \| Fair Value, Measurements, Recurring
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Cash and cash equivalents	120,486	179,327
Restricted cash, fair value	4,781	4,801
Long-term debt, fair value	0	0
Fair Value, Inputs, Level 2 \| Fair Value, Measurements, Recurring
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Cash and cash equivalents	0	0
Restricted cash, fair value	0	0
Long-term debt, fair value	$ 412,645	$ 469,523

SHAREHOLDERS’ EQUITY AND SHARE-BASED COMPENSATION Stock Repurchase Plan & Share-Based Compensation (Details) $ / shares in Units, $ in Thousands		3 Months Ended		6 Months Ended		12 Months Ended
	May 18, 2016 $ / shares shares	Jun. 30, 2016 USD ($) $ / shares shares	Jun. 30, 2015 USD ($) $ / shares shares	Jun. 30, 2016 USD ($) installment component $ / shares shares	Jun. 30, 2015 USD ($) $ / shares shares	Dec. 31, 2015 USD ($) $ / shares shares
Share-Based Compensation
Share-based compensation expense (in dollars) \| $		$ 1,700	$ 900	$ 3,600	$ 1,300
Estimated unrecognized compensation costs (in dollars) \| $		$ 9,000		$ 9,000
Weighted average remaining requisite service period for stock options over which unrecognized compensation costs would be recognized				2 years 6 months 29 days
Stock options granted (in shares)					710,410
Weighted average exercise price of stock options granted (in usd per share) \| $ / shares					$ 23.17
Weighted average fair value of stock options granted and total intrinsic value of stock options exercised
Weighted average grant date fair value of stock options granted per share \| $ / shares				$ 15.81	$ 12.49
Intrinsic value of options exercised \| $				$ 1,002	$ 176
Grant date fair value of stock options that vested \| $				$ 2,010	$ 530
Minimum
Share-Based Compensation
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period				1 year
Maximum
Share-Based Compensation
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period				4 years
Employee and Non Employee Stock Option
Share-Based Compensation
Cumulative vesting percentage for awards that vest in equal annual installments				75.00%
Employee and Non Employee Stock Option \| Service-Based
Share-Based Compensation
Outstanding (in shares)		1,200,000		1,200,000
Employee and Non Employee Stock Option \| Service-Based \| Minimum
Share-Based Compensation
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period				3 years
Employee and Non Employee Stock Option \| Service-Based \| Maximum
Share-Based Compensation
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period				4 years
Expiration term				10 years
Employee and Non Employee Stock Option \| Market-Based
Share-Based Compensation
Outstanding (in shares)		1,800,000		1,800,000
Number of components of an award \| component				2
Vesting percentage for awards that vest upon achievement of certain criteria				25.00%
Cumulative vesting percentage for awards that vest in equal annual installments				75.00%
Number of equal annual installments for vesting of award \| installment				3
Employee and Non Employee Stock Option \| Market-Based, ordinary performance \| Minimum
Share-Based Compensation
Percentage of compounded annual gain of stock price over exercise price required for the award to vest				20.00%
Employee and Non Employee Stock Option \| Market-Based, extraordinary performance \| Minimum
Share-Based Compensation
Percentage of compounded annual gain of stock price over exercise price required for the award to vest				25.00%
Employee and Non Employee Stock Option \| Performance-Based
Share-Based Compensation
Outstanding (in shares)		100,000		100,000
Vesting percentage for awards that vest upon achievement of certain criteria				25.00%
Employee and Non Employee Stock Option \| Performance-Based \| Minimum
Share-Based Compensation
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period				10 years
Option
Share-Based Compensation
Outstanding (in shares)		3,129,949		3,129,949		3,163,125
Stock options granted (in shares)				93,500
Weighted average exercise price of stock options granted (in usd per share) \| $ / shares				$ 27.43
Weighted average fair value of stock options granted and total intrinsic value of stock options exercised
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price \| $ / shares		$ 20.47		$ 20.47		$ 20.13
Weighted average contractual term				4 years 5 months 5 days		4 years 11 months 9 days
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Intrinsic Value \| $		$ 34,598		$ 34,598		$ 35,842
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period				79,726
Exercised (in usd per share) \| $ / shares				$ 12.36
Share-based Compensation Arrangement by Share-based Payment Award, Options, Forfeitures in Period				46,950
Forfeited (in usd per share) \| $ / shares				$ 25.32
Exercisable at the end of the period (in shares)		2,286,429		2,286,429
Exercisable at the end of the period (in usd per share) \| $ / shares		$ 15.19		$ 15.19
Exercisable at the end of the period				2 years 10 months 2 days
Exercisable at the end of the period (in dollars) \| $		$ 32,079		$ 32,079
Share Repurchase Program, Current
Stock Repurchase Plan
Number of shares of common stock authorized to be purchased (in shares)	4,600,000.0
Percentage of outstanding shares authorized to be repurchased	25.00%
Minimum purchase price authorized (in usd per share) \| $ / shares	$ 1.00
Maximum purchase price authorized (in usd per share) \| $ / shares	$ 500.00
Remaining number of shares available for repurchase under the plan (in shares)		4,500,000		4,500,000
Capacity available to repurchase common stock under senior secured term loan (in dollars) \| $		$ 333,000		$ 333,000
Share Repurchase Programs [Member]
Stock Repurchase Plan
Number of shares of common stock purchased (in shares)		300,000	1,400,000	800,000	1,600,000
Average purchase price per share (in usd per share) \| $ / shares		$ 26.74	$ 28.57	$ 25.79	$ 28.02

SHAREHOLDERS’ EQUITY AND SHARE-BASED COMPENSATION Black-Scholes and Binomial model Assumptions and Summary of Activity related to our stock (Details) - USD ($) $ / shares in Units, $ in Thousands	6 Months Ended		12 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Dec. 31, 2015
Option
Summary of activity related to our stock
Outstanding at the beginning of the period (in shares)	3,163,125
Exercised (in shares)	(79,726)
Forfeited (in shares)	(46,950)
Outstanding at the end of the period (in shares)	3,129,949		3,163,125
Exercisable at the end of the period (in shares)	2,286,429
Weighted average exercise price
Outstanding at the beginning of the period (in usd per share)	$ 20.13
Exercised (in usd per share)	12.36
Forfeited (in usd per share)	25.32
Outstanding at the end of the period (in usd per share)	20.47		$ 20.13
Exercisable at the end of the period (in usd per share)	$ 15.19
Weighted average contractual term
Weighted average contractual term	4 years 5 months 5 days		4 years 11 months 9 days
Exercisable at the end of the period	2 years 10 months 2 days
Aggregate intrinsic value
Aggregate intrinsic value, beginning balance (in dollars)	$ 35,842
Aggregate intrinsic value, ending balance (in dollars)	34,598		$ 35,842
Exercisable at the end of the period (in dollars)	$ 32,079
Black Scholes
Equity And Share-Based Compensation
Risk-free interest rate (%)		1.78%
Expected stock price volatility (%)		57.60%
Expected option life (in years)		6 years 3 months
Share Price			$ 16.05
Black Scholes \| Minimum
Equity And Share-Based Compensation
Risk-free interest rate (%)	1.25%	1.50%
Expected stock price volatility (%)	59.75%	55.06%
Expected option life (in years)	6 years	6 years
Share Price	$ 11.15		10.01
Black Scholes \| Maximum
Equity And Share-Based Compensation
Risk-free interest rate (%)	1.89%
Expected stock price volatility (%)	62.14%
Expected option life (in years)	6 years 3 months
Share Price	$ 17.09
Binomial \| Minimum
Equity And Share-Based Compensation
Risk-free interest rate (%)	0.23%	0.02%
Expected stock price volatility (%)	59.76%	55.06%
Expected option life (in years)	4 years 6 months 15 days	4 years 6 months 15 days
Share Price	$ 11.06		9.91
Binomial \| Maximum
Equity And Share-Based Compensation
Risk-free interest rate (%)	1.97%	2.26%
Expected stock price volatility (%)	62.14%	57.60%
Expected option life (in years)	4 years 10 months 17 days	4 years 10 months 17 days
Share Price	$ 17.58		$ 16.13

SHAREHOLDERS’ EQUITY AND SHARE-BASED COMPENSATION RSU (Details) - $ / shares	6 Months Ended	12 Months Ended
	Jun. 30, 2016	Dec. 31, 2015
Schedule of Share-based compensation, Restricted Stock and Restricted Stock units activity [Line Items]
Weighted average price per share of restricted shares granted	$ 26.66
Restricted Stock Units (RSUs)
Schedule of Share-based compensation, Restricted Stock and Restricted Stock units activity [Line Items]
Number of RSU outstanding	266,216	272,326
RSU Granted	12,378
RSU Issued	(13,388)
RSU Forfeited	5,100
Minimum
Schedule of Share-based compensation, Restricted Stock and Restricted Stock units activity [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period	1 year
Minimum \| Restricted Stock Units (RSUs)
Schedule of Share-based compensation, Restricted Stock and Restricted Stock units activity [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period	1 year
Maximum
Schedule of Share-based compensation, Restricted Stock and Restricted Stock units activity [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period	4 years
Maximum \| Restricted Stock Units (RSUs)
Schedule of Share-based compensation, Restricted Stock and Restricted Stock units activity [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period	4 years

SHAREHOLDERS’ EQUITY AND SHARE-BASED COMPENSATION EARs (Details)	6 Months Ended
	Jun. 30, 2016	Dec. 31, 2015
Stock Appreciation Rights (SARs)
Equity And Share-Based Compensation
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period	4 years
EAR plan allow for the issuance of EARs for each of the divisions (%)	15.00%
Stock Appreciation Rights (SARs) \| Consumer Analytics Division
Equity And Share-Based Compensation
EARs Outstanding, Percent	5.10%	5.60%
Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Granted, Percent	0.00%
Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Forfeitures and Expirations, Percent	(0.50%)
Stock Appreciation Rights (SARs) \| Document Solutions Division
Equity And Share-Based Compensation
EARs Outstanding, Percent	5.60%	5.60%
Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Granted, Percent	0.00%
Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Forfeitures and Expirations, Percent	0.00%
Stock Appreciation Rights (SARs) \| Marketplace Solutions Division
Equity And Share-Based Compensation
EARs Outstanding, Percent	5.20%	5.30%
Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Granted, Percent	0.00%
Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Forfeitures and Expirations, Percent	(0.10%)
Minimum
Equity And Share-Based Compensation
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period	1 year
EARs Estimated Forfeitures Rates	0.00%
Maximum
Equity And Share-Based Compensation
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period	4 years
EARs Estimated Forfeitures Rates	40.00%

REVENUE Revenue (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
REVENUE Revenue (Details) - USD ($) $ in Thousands	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Schedule of revenue [Line Items]
Revenue	$ 255,799	$ 268,321	$ 505,931	$ 508,803
Service Revenue
Schedule of revenue [Line Items]
Revenue	241,324	236,595	475,604	444,411
Reimbursable Expenses
Schedule of revenue [Line Items]
Revenue	13,783	30,830	29,237	62,786
Non-controlling Interests
Schedule of revenue [Line Items]
Revenue	$ 692	$ 896	$ 1,090	$ 1,606

COST OF REVENUE (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
COST OF REVENUE (Details) - USD ($) $ in Thousands	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Cost of Revenue [Abstract]
Compensation and benefits	$ 69,773	$ 64,890	$ 134,836	$ 134,216
Outside fees and services	73,326	54,822	145,129	108,069
Reimbursable expenses	13,783	30,830	29,237	62,786
Technology and telecommunications	10,703	10,355	20,643	22,248
Depreciation and amortization	6,786	7,262	13,389	13,666
Total	$ 174,371	$ 168,159	$ 343,234	$ 340,985

SELLING, GENERAL AND ADMINISTRATIVE EXPENSES (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Selling, General and Administrative Expense [Abstract]
Compensation and benefits	$ 14,324	$ 13,636	$ 28,315	$ 26,399
Occupancy related costs	8,799	10,047	17,882	20,701
Amortization of intangible assets	12,756	8,986	24,967	17,877
Professional services	6,696	6,639	13,436	14,629
Marketing costs	5,671	5,920	12,163	11,273
Depreciation and amortization	2,352	2,344	4,957	4,766
Other	3,609	3,994	6,103	8,327
Total	$ 54,207	$ 51,566	$ 107,823	$ 103,972

GAIN (LOSS) ON HLSS EQUITY SECURITIES AND DIVIDENDS RECEIVED (Details) - USD ($) $ in Thousands			3 Months Ended		6 Months Ended
	Apr. 29, 2015	Mar. 17, 2015	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Schedule of Available-for-sale Securities [Line Items]
Number of available for sale shares acquired (in shares)					4,100,000
Purchase of available for sale securities					$ 48,219	$ 29,966
Liquidating dividend	$ 20,400
Sale proceeds from HLSS common stock	$ 7,700
Gain (loss) on HLSS equity securities and dividends received			$ 0	$ 1,431	0	(1,854)
Common stock \| Fair Value, Measurements, Recurring \| Fair Value, Inputs, Level 1 \| HLSS
Schedule of Available-for-sale Securities [Line Items]
Number of available for sale shares acquired (in shares)		1,613,125
HLSS
Schedule of Available-for-sale Securities [Line Items]
Gain (loss) on HLSS equity securities and dividends received				$ (1,400)	$ 0	$ (1,900)
HLSS \| Common stock \| Fair Value, Measurements, Recurring \| Fair Value, Inputs, Level 1
Schedule of Available-for-sale Securities [Line Items]
Available-for-sale securities, shares sold	1,600,000

OTHER INCOME (EXPENSE), NET (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Other Income and Expenses [Abstract]
Gain on early extinguishment of debt	$ 5,464	$ 1,114	$ 5,464	$ 1,114
Expenses related to the purchase of available for sale securities	(3,356)	0	(3,356)	0
Interest income	6	31	17	62
Other, net	630	(324)	592	(352)
Total	$ 2,744	$ 821	$ 2,717	$ 824

EARNINGS PER SHARE (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Earnings Per Share [Abstract]
Net income attributable to Altisource (in dollars)	$ 19,994	$ 45,950	$ 38,488	$ 49,648
Weighted average common shares outstanding, basic (in shares)	18,437	19,571	18,646	19,870
Dilutive effect of stock options (in shares)	1,167	1,098	1,176	960
Weighted average common shares outstanding, diluted (in shares)	19,604	20,669	19,822	20,830
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
Service Based Options
Anti-dilutive securities
Options excluded from the computation of diluted EPS (in shares)	400	700	400	700
Performance Based Options
Anti-dilutive securities
Options excluded from the computation of diluted EPS (in shares)	400	300	400	300

COMMITMENTS, CONTINGENCIES AND REGULATORY MATTERS (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015	Dec. 31, 2015	Apr. 06, 2015
Concentration Risk
Other portfolio servicing revenue, percentage	20.00%		19.00%
Escrow and Trust Balances
Amounts held in escrow and trust accounts	$ 86.2		$ 86.2		$ 66.6
Ocwen \| Revenue from Rights Concentration Risk \| Sales Revenue, Segment
Concentration Risk
Percentage of revenue from largest customer	55.00%	59.00%	55.00%	59.00%
HLSS \| NRZ
Concentration Risk
Business acquisition, percentage of voting interests acquired						78.00%

SEGMENT REPORTING (Details) $ in Thousands	3 Months Ended		6 Months Ended
SEGMENT REPORTING (Details) $ in Thousands	Jun. 30, 2016 USD ($)	Jun. 30, 2015 USD ($)	Jun. 30, 2016 USD ($) segment	Jun. 30, 2015 USD ($)	Dec. 31, 2015 USD ($)
Segment Reporting [Abstract]
Number of reporting segments \| segment			3
SEGMENT REPORTING
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		(7,591)		(7,591)
Income from operations	27,221	56,187	54,874	71,437
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
Total Assets:
Total assets	675,476		675,476		$ 721,798
Operating Segment \| Mortgage Services
SEGMENT REPORTING
Revenue	208,561	197,361	407,547	374,367
Cost of revenue	127,626	112,710	249,144	227,514
Gross profit	80,935	84,651	158,403	146,853
Selling, general and administrative expenses	28,607	25,228	55,576	45,789
Change in the fair value of Equator Earn Out		0		0
Income from operations	52,328	59,423	102,827	101,064
Total other income (expense), net	35	23	49	19
Income before income taxes and non-controlling interests	52,363	59,446	102,876	101,083
Total Assets:
Total assets	333,136		333,136		325,461
Operating Segment \| Financial Services
SEGMENT REPORTING
Revenue	19,758	23,389	39,862	45,743
Cost of revenue	14,149	15,537	28,407	30,640
Gross profit	5,609	7,852	11,455	15,103
Selling, general and administrative expenses	4,204	4,588	8,513	9,303
Change in the fair value of Equator Earn Out		0		0
Income from operations	1,405	3,264	2,942	5,800
Total other income (expense), net	22	2	35	(10)
Income before income taxes and non-controlling interests	1,427	3,266	2,977	5,790
Total Assets:
Total assets	46,348		46,348		53,757
Operating Segment \| Technology Services
SEGMENT REPORTING
Revenue	38,100	55,992	78,747	107,962
Cost of revenue	42,424	47,423	84,317	100,146
Gross profit	(4,324)	8,569	(5,570)	7,816
Selling, general and administrative expenses	7,440	7,246	13,998	14,561
Change in the fair value of Equator Earn Out		(7,591)		(7,591)
Income from operations	(11,764)	8,914	(19,568)	846
Total other income (expense), net	93	(18)	100	(17)
Income before income taxes and non-controlling interests	(11,671)	8,896	(19,468)	829
Total Assets:
Total assets	144,719		144,719		165,778
Corporate Items and Eliminations
SEGMENT REPORTING
Revenue	(10,620)	(8,421)	(20,225)	(19,269)
Cost of revenue	(9,828)	(7,511)	(18,634)	(17,315)
Gross profit	(792)	(910)	(1,591)	(1,954)
Selling, general and administrative expenses	13,956	14,504	29,736	34,319
Change in the fair value of Equator Earn Out		0		0
Income from operations	(14,748)	(15,414)	(31,327)	(36,273)
Total other income (expense), net	(3,394)	(4,950)	(9,996)	(15,377)
Income before income taxes and non-controlling interests	(18,142)	$ (20,364)	(41,323)	$ (51,650)
Total Assets:
Total assets	$ 151,273		$ 151,273		$ 176,802

PREMISES AND EQUIPMENT, NET per country (Details) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Premises & equipment, net
Premises and equipment, net	$ 114,576	$ 119,121
United States
Premises & equipment, net
Premises and equipment, net	81,540	85,021
India
Premises & equipment, net
Premises and equipment, net	17,370	21,187
Luxembourg
Premises & equipment, net
Premises and equipment, net	12,650	9,944
Philippines
Premises & equipment, net
Premises and equipment, net	2,777	2,664
Uruguay
Premises & equipment, net
Premises and equipment, net	$ 239	$ 305