0001462418-21-000008 | 10-K | XBRL Viewer | Altisource Portfolio Solutions SA

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Cover - USD ($)	12 Months Ended
Cover - USD ($)	Dec. 31, 2020	Mar. 05, 2021	Jun. 30, 2020
Cover [Abstract]
Document Type	10-K
Document Annual Report	true
Current Fiscal Year End Date	--12-31
Document Period End Date	Dec. 31, 2020
Document Transition Report	false
Entity File Number	1-34354
Entity Registrant Name	ALTISOURCE PORTFOLIO SOLUTIONS S.A.
Entity Incorporation, State or Country Code	N4
Entity Tax Identification Number	98-0554932
Entity Address, Address Line One	40, avenue Monterey
Entity Address, Postal Zip Code	L-2163
Entity Address, City or Town	Luxembourg
Entity Address, Country	LU
City Area Code	352
Local Phone Number	27 61 49 00
Title of 12(b) Security	Common Stock, $1.00 par value
Trading Symbol	ASPS
Security Exchange Name	NASDAQ
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
ICFR Auditor Attestation Flag	true
Entity Shell Company	false
Entity Public Float			$ 168,425,446
Entity Common Stock, Shares Outstanding		15,746,525
Documents Incorporated by Reference	Portions of the registrant’s Definitive Proxy Statement to be filed subsequent to the date hereof with the Securities and Exchange Commission pursuant to Regulation 14A in connection with the registrant’s Annual Meeting of Shareholders to be held on May 18, 2021 are incorporated by reference into Part III of this report. Such Definitive Proxy Statement will be filed with the Securities and Exchange Commission not later than 120 days after the conclusion of the registrant’s fiscal year ended December 31, 2020.
Entity Central Index Key	0001462418
Amendment Flag	false
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	FY

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Current assets:
Cash and cash equivalents	$ 58,263	$ 82,741
Accounts receivable, net	22,413	43,615
Prepaid expenses and other current assets	19,479	15,214
Investment in equity securities	0	42,618
Total current assets	100,155	184,188
Premises and equipment, net	11,894	24,526
Right-of-use assets under operating leases	18,213	29,074
Goodwill	73,849	73,849
Intangible assets, net	46,326	61,046
Deferred tax assets, net	5,398	10,763
Other assets	9,850	10,810
Total assets	265,685	394,256
Current liabilities:
Accounts payable and accrued expenses	56,779	67,671
Deferred revenue	5,461	5,183
Other current liabilities	9,305	14,724
Total current liabilities	71,545	87,578
Long-term debt	242,656	287,882
Deferred tax liabilities, net	8,801	9,137
Other non-current liabilities	25,239	31,016
Commitments, contingencies and regulatory matters (Note 25)
Equity (deficit):
Common stock ($1.00 par value; 100,000 shares authorized, 25,413 issued and 15,664 outstanding as of December 31, 2020; 15,454 outstanding as of December 31, 2019)	25,413	25,413
Additional paid-in capital	141,473	133,669
Retained Earnings (Accumulated Deficit)	190,383	272,026
Treasury stock, at cost (9,749 shares as of December 31, 2020 and 9,959 shares as of December 31, 2019)	(441,034)	(453,934)
Altisource deficit	(83,765)	(22,826)
Non-controlling interests	1,209	1,469
Total deficit	(82,556)	(21,357)
Total liabilities and deficit	$ 265,685	$ 394,256

CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Dec. 31, 2020	Dec. 31, 2019
Statement of Financial Position [Abstract]
Common stock, par value (in USD per share)	$ 1.00	$ 1.00
Common stock, shares authorized (in shares)	100,000,000	100,000,000
Common stock, shares issued (in shares)	25,413,000	25,413,000
Common stock, shares outstanding (in shares)	15,664,000	15,454,000
Treasury stock, shares (in shares)	9,749,000	9,959,000

CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Income Statement [Abstract]
Revenue	$ 365,547	$ 648,651	$ 838,202
Cost of revenue	305,194	493,256	622,165
Gross profit	60,353	155,395	216,037
Selling, general and administrative expenses	92,736	141,076	175,670
Gain on sale of businesses	0	(17,814)	(13,688)
Restructuring charges	11,972	14,080	11,560
(Loss) income from operations	(44,355)	18,053	42,495
Other income (expense), net:
Interest expense	(17,730)	(21,393)	(26,254)
Unrealized gain (loss) on investment in equity securities	4,004	14,431	(12,972)
Other income (expense), net	375	1,348	(1,870)
Total other income (expense), net	(13,351)	(5,614)	(41,096)
(Loss) income before income taxes and non-controlling interests	(57,706)	12,439	1,399
Income tax provision	(8,609)	(318,296)	(4,098)
Net loss	(66,315)	(305,857)	(2,699)
Net income attributable to non-controlling interests	(841)	(2,112)	(2,683)
Net loss attributable to Altisource	$ (67,156)	$ (307,969)	$ (5,382)
Loss per share:
Basic (in dollars per share)	$ (4.31)	$ (19.26)	$ (0.32)
Diluted (in dollars per share)	$ (4.31)	$ (19.26)	$ (0.32)
Weighted average shares outstanding:
Basic (in shares)	15,598	15,991	17,073
Diluted (in shares)	15,598	15,991	17,073
Other comprehensive loss, net of tax:
Reclassification of unrealized gain on investment in equity securities, net of income tax provision of $200, to retained earnings from the cumulative effect of an accounting change	$ 0	$ 0	$ (733)
Comprehensive loss, net of tax	(66,315)	(305,857)	(3,432)
Comprehensive income attributable to non-controlling interests	(841)	(2,112)	(2,683)
Comprehensive loss attributable to Altisource	$ (67,156)	$ (307,969)	$ (6,115)

CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS (Parenthetical) $ in Thousands	12 Months Ended
	Dec. 31, 2018 USD ($)
Income Statement [Abstract]
Reclassification of unrealized gain on investment in equity securities, income tax provision, to retained earnings from the cumulative effect of an accounting change	$ 200

CONSOLIDATED STATEMENTS OF EQUITY - USD ($) shares in Thousands, $ in Thousands	Total	Cumulative Effect, Period of Adoption, Adjustment	Common stock	Additional paid-in capital	Additional paid-in capital Cumulative Effect, Period of Adoption, Adjustment	Retained earnings	Retained earnings Cumulative Effect, Period of Adoption, Adjustment	Accumulated other comprehensive income (loss)	Accumulated other comprehensive income (loss) Cumulative Effect, Period of Adoption, Adjustment	Treasury stock, at cost	Non-controlling interests
Balance at Dec. 31, 2017	$ 339,985	$ (10,448)	$ 25,413	$ 112,475	$ 0	$ 626,600	$ (9,715)	$ 733	$ (733)	$ (426,609)	$ 1,373
Balance (in shares) at Dec. 31, 2017			25,413
Increase (Decrease) in Equity
Net loss	(2,699)					(5,382)					2,683
Distributions to non-controlling interest holders	(2,819)										(2,819)
Share-based compensation expense	$ 10,192			10,192
Accounting Standards Update [Extensible List]	us-gaap:AccountingStandardsUpdate201409Member
Exercise of stock options and issuance of restricted shares	$ 3,644					(19,245)				22,889
Treasury shares withheld for the payment of tax on restricted share unit and restricted share issuances and stock option exercises	(825)					(1,603)				778
Repurchase of shares	(40,362)									(40,362)
Balance at Dec. 31, 2018	296,668		$ 25,413	122,667		590,655		0		(443,304)	1,237
Balance (in shares) at Dec. 31, 2018			25,413
Increase (Decrease) in Equity
Net loss	(305,857)					(307,969)					2,112
Distributions to non-controlling interest holders	(2,752)										(2,752)
Share-based compensation expense	11,874			11,002							872
Exercise of stock options and issuance of restricted shares	400					(7,222)				7,622
Treasury shares withheld for the payment of tax on restricted share unit and restricted share issuances and stock option exercises	(1,695)					(3,438)				1,743
Repurchase of shares	(19,995)									(19,995)
Balance at Dec. 31, 2019	(21,357)		$ 25,413	133,669		272,026		0		(453,934)	1,469
Balance (in shares) at Dec. 31, 2019			25,413
Increase (Decrease) in Equity
Net loss	(66,315)					(67,156)					841
Distributions to non-controlling interest holders	(1,101)										(1,101)
Share-based compensation expense	7,804			7,804
Exercise of stock options and issuance of restricted shares	0					(9,548)				9,548
Treasury shares withheld for the payment of tax on restricted share unit and restricted share issuances and stock option exercises	(1,587)					(4,939)				3,352
Balance at Dec. 31, 2020	$ (82,556)		$ 25,413	$ 141,473		$ 190,383		$ 0		$ (441,034)	$ 1,209
Balance (in shares) at Dec. 31, 2020			25,413

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)	12 Months Ended
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Cash flows from operating activities:
Net loss	$ (66,315,000)	$ (305,857,000)	$ (2,699,000)
Adjustments to reconcile net loss to net cash (used in) provided by operating activities:
Depreciation and amortization	14,890,000	18,509,000	30,799,000
Amortization of right-of-use assets under operating leases	10,245,000	11,769,000	0
Amortization of intangible assets	14,720,000	19,021,000	28,412,000
Unrealized (gain) loss on investment in equity securities	(4,004,000)	(14,431,000)	12,972,000
Goodwill and intangible assets write-off from business exits	0	5,900,000	2,640,000
Share-based compensation expense	7,804,000	11,874,000	10,192,000
Bad debt expense	2,229,000	720,000	2,830,000
Amortization of debt discount	666,000	666,000	717,000
Amortization of debt issuance costs	730,000	736,000	965,000
Deferred income taxes	5,033,000	307,339,000	(5,791,000)
Loss on disposal of fixed assets	461,000	750,000	727,000
Gain on sale of businesses	0	(17,814,000)	(13,688,000)
Loss on debt refinancing	0	0	4,434,000
Changes in operating assets and liabilities (excludes effect of sale of businesses):
Accounts receivable	14,973,000	(12,207,000)	14,556,000
Short-term investments in real estate	0	39,873,000	(10,468,000)
Prepaid expenses and other current assets	(4,140,000)	13,628,000	4,617,000
Other assets	947,000	(132,000)	2,278,000
Accounts payable and accrued expenses	(10,338,000)	(16,257,000)	1,651,000
Current and non-current operating lease liabilities	(10,599,000)	(12,738,000)
Other current and non-current liabilities	297,000	(4,661,000)	(16,742,000)
Net cash (used in) provided by operating activities	(22,401,000)	46,688,000	68,402,000
Cash flows from investing activities:
Additions to premises and equipment	(2,705,000)	(2,161,000)	(3,916,000)
Proceeds received from sale of equity securities	46,622,000	7,994,000	0
Proceeds from the sale of businesses	3,307,000	38,632,000	15,000,000
Other investing activities	0	422,000	0
Net cash provided by investing activities	47,224,000	44,887,000	11,084,000
Cash flows from financing activities:
Proceeds from issuance of long-term debt	0	0	407,880,000
Repayments and repurchases of long-term debt	(46,622,000)	(44,996,000)	(486,759,000)
Debt issuance costs	0	0	(5,042,000)
Proceeds from stock option exercises	0	400,000	3,644,000
Purchase of treasury shares	0	(19,995,000)	(40,362,000)
Distributions to non-controlling interests	(1,101,000)	(2,752,000)	(2,819,000)
Payments of tax withholding on issuance of restricted share units and restricted shares	(1,587,000)	(1,695,000)	(825,000)
Net cash used in financing activities	(49,310,000)	(69,038,000)	(124,283,000)
Net (decrease) increase in cash, cash equivalents and restricted cash	(24,487,000)	22,537,000	(44,797,000)
Cash, cash equivalents and restricted cash at the beginning of the period	86,583,000	64,046,000	108,843,000
Cash, cash equivalents and restricted cash at the end of the period	62,096,000	86,583,000	64,046,000
Supplemental cash flow information:
Interest paid	15,697,000	20,856,000	24,123,000
Income taxes paid, net	2,061,000	2,688,000	7,136,000
Acquisition of right-of-use assets with operating lease liabilities	1,075,000	13,775,000
Reduction of right-of-use assets from operating lease modifications or reassessments	(1,691,000)	(5,844,000)
Non-cash investing and financing activities:
Net increase (decrease) in payables for purchases of premises and equipment	$ 139,000	$ (101,000)	$ (32,000)

ORGANIZATION	12 Months Ended
ORGANIZATION	Dec. 31, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
ORGANIZATION	ORGANIZATION 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 an integrated service provider and marketplace for the real estate and mortgage industries. Combining operational excellence with a suite of innovative services and technologies, Altisource helps solve the demands of the ever-changing markets we serve. The Company operates with one reportable segment (total Company).

BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

12 Months Ended

Dec. 31, 2020

Accounting Policies [Abstract]

BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Basis of Accounting and Presentation

The consolidated financial statements are prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”). Intercompany transactions and accounts have been eliminated in consolidation.

Principles of Consolidation

The financial statements include the accounts of the Company, its wholly-owned subsidiaries and those entities in which we have a variable interest and are the primary beneficiary.

Altisource consolidates Best Partners Mortgage Cooperative, Inc., which is managed by The Mortgage Partnership of America, L.L.C. (“MPA”), a wholly-owned subsidiary of Altisource. Best Partners Mortgage Cooperative, Inc. is a mortgage cooperative doing business as Lenders One® (“Lenders 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).

The management agreement between MPA and Lenders One, pursuant to which MPA is the management company, represents a variable interest in a variable interest entity. MPA is the primary beneficiary of Lenders One as it has the power to direct the activities that most significantly impact the cooperative’s economic performance and the right to receive benefits from the cooperative. As a result, Lenders One is presented in the accompanying consolidated financial statements on a consolidated basis and the interests of the members are reflected as non-controlling interests. As of December 31, 2020, Lenders One had total assets of $2.3 million and total liabilities of $0.1 million. As of December 31, 2019, Lenders One had total assets of $1.6 million and total liabilities of $0.3 million.

In 2019, Altisource created Pointillist, Inc. (“Pointillist”) and contributed the Pointillist® customer journey analytics business and $8.5 million to it. Pointillist is owned by Altisource and management of Pointillist. Management of Pointillist owns a non-controlling interest representing 12.1% of the outstanding equity of Pointillist. Additional equity shares of Pointillist are available for issuance to management and board members of Pointillist. Altisource has no ongoing obligation to provide future funding to Pointillist. Pointillist is presented in the accompanying consolidated financial statements on a consolidated basis and the portion of Pointillist owned by Pointillist management is reported as non-controlling interests.

Use of Estimates

The preparation of financial statements in conformity with GAAP requires estimates and assumptions that affect the reported amounts of assets and liabilities, revenue and expenses and related disclosures of contingent liabilities in the consolidated financial statements and accompanying notes. Estimates are used for, but not limited to, determining share-based compensation, income taxes, collectability of receivables, valuation of acquired intangibles and goodwill, depreciable lives and valuation of fixed assets and contingencies. Actual results could differ materially from those estimates.

Cash and Cash Equivalents

We classify all highly liquid instruments with an original maturity of three months or less at the time of purchase as cash equivalents.

Accounts Receivable, Net

Accounts receivable are presented net of an allowance for expected credit losses. We monitor and estimate the allowance for credit losses based on our historical write-offs, historical collections, our analysis of past due accounts based on the contractual terms of the receivables, relevant market and industry reports and our assessment of the economic status of our customers, if known. The carrying value of accounts receivable, net, approximates fair value.

Premises and Equipment, Net

We report premises and equipment, net at cost or estimated fair value at acquisition for premises and equipment recorded in connection with a business combination and depreciate these assets over their estimated useful lives using the straight-line method as follows:


Furniture and fixtures			5 years
Office equipment			5 years
Computer hardware			3-5 years
Computer software			3-7 years
Leasehold improvements			Shorter of useful life, 10 years or the term of the lease

Maintenance and repair costs are expensed as incurred. We capitalize expenditures for significant improvements and new equipment and depreciate the assets over the shorter of the capitalized asset’s life or the life of the lease.

We review premises and equipment for impairment following events or changes in circumstances that indicate the carrying amount of an asset or asset group may not be recoverable. We measure recoverability of assets to be held and used by comparing the carrying amount of an asset or asset group to estimated undiscounted future cash flows expected to be generated by the asset or asset group. If the carrying amount of an asset or asset group exceeds its estimated future cash flows, we recognize an impairment charge for the amount that the carrying value of the asset or asset group exceeds the fair value of the asset or asset group.

Computer software includes the fair value of software acquired in business combinations, capitalized software development costs and purchased software. Capitalized software development and purchased software are recorded at cost and amortized using the straight-line method over their estimated useful lives. Software acquired in business combinations is recorded at fair value and amortized using the straight-line method over its estimated useful life.

Business Combinations

We account for acquisitions using the purchase method of accounting in accordance with Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) Topic 805, Business Combinations. The purchase price of an acquisition is allocated to the assets acquired and liabilities assumed using their fair value as of the acquisition date.

Goodwill

Goodwill represents the excess cost of an acquired business over the fair value of the identifiable tangible and intangible assets acquired and liabilities assumed in a business combination. We evaluate goodwill for impairment annually during the fourth quarter or more frequently when an event occurs or circumstances change in a manner that indicates the carrying value may not be recoverable. We first assess qualitative factors to determine whether it is more likely than not that the fair value of a reporting unit is less than its carrying value as a basis for determining whether we need to perform the quantitative goodwill impairment test. Only if we determine, based on qualitative assessment, that it is more likely than not that a reporting unit’s fair value is less than its carrying value will we calculate the fair value of the reporting unit. We would then test goodwill for impairment by comparing the fair value of the reporting unit with its carrying amount. If the fair value is determined to be less than its carrying amount, we recognize an impairment charge for the amount by which the carrying amount exceeds the reporting unit’s fair value; however, the loss recognized should not exceed the total amount of goodwill allocated to that reporting unit. We estimate the fair value of the reporting unit using discounted cash flows and market comparisons. The discounted cash flow method is based on the present value of projected cash flows. Forecasts of future cash flows are based on our estimate of future sales and operating expenses, based primarily on estimated pricing, sales volumes, market segment share, cost trends and general economic conditions. The estimated cash flows are discounted using a rate that represents our weighted average cost of capital. The market comparisons include an analysis of revenue and earnings multiples of guideline public companies compared to the Company.

Intangible Assets, Net

Identified intangible assets consist primarily of customer related intangible assets, operating agreements, trademarks and trade names and other intangible assets. Identifiable intangible assets acquired in business combinations are recorded based on their fair values at the date of acquisition. We determine the useful lives of our identifiable intangible assets after considering the specific facts and circumstances related to each intangible asset. Factors we consider when determining useful lives include the contractual term of any arrangements, the history of the asset, our long-term strategy for use of the asset and other economic factors. We amortize intangible assets that we deem to have definite lives in proportion to actual and expected customer revenues or on a straight-line basis over their useful lives, generally ranging from 4 to 20 years.

We perform tests for impairment if conditions exist that indicate the carrying value may not be recoverable. When facts and circumstances indicate that the carrying value of intangible assets determined to have definite lives may not be recoverable, management assesses the recoverability of the carrying value by preparing estimates of cash flows of discrete intangible assets generally consistent with models utilized for internal planning purposes. If the sum of the undiscounted expected future cash flows is less than the carrying value, we recognize an impairment to the extent the carrying amount exceeds fair value.

Long-Term Debt

Long-term debt is reported net of applicable discount or premium and net of debt issuance costs. The debt discount or premium and debt issuance costs are amortized to interest expense through maturity of the related debt using the effective interest method.

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.

Functional Currency

The currency of the primary economic environment in which our operations are conducted is the United States dollar. Therefore, the United States dollar has been determined to be our functional and reporting currency. Non-United States dollar transactions and balances have been measured in United States dollars in accordance with ASC Topic 830, Foreign Currency Matters. All transaction gains and losses from the measurement of monetary balance sheet items denominated in non-United States dollar currencies are reflected in the consolidated statements of operations and comprehensive loss as income or expenses, as appropriate.

Defined Contribution 401(k) Plan

Some of our employees currently participate in a defined contribution 401(k) plan under which we may make matching contributions equal to a discretionary percentage determined by us. We recorded expenses of $0.6 million, $0.9 million and $1.2 million for the years ended December 31, 2020, 2019 and 2018, respectively, related to our discretionary contributions.

Revenue Recognition

We recognize revenue when we satisfy a performance obligation by transferring control of a product or service to a customer in an amount that reflects the consideration that we expect to receive. This revenue can be recognized at a point in time or over time. We invoice customers based on our contractual arrangements with each customer, which may not be consistent with the period that revenues are recognized. When there is a timing difference between when we invoice customers and when revenues are recognized, we record either a contract asset (unbilled accounts receivable) or a contract liability (deferred revenue or other current liabilities), as appropriate. Descriptions of our principal revenue generating activities are as follows:

Core Businesses

Field Services

•For property preservation and inspection services and payment management technologies, we recognize transactional revenue when the service is provided.

•For vendor management transactions and our vendor management oversight software-as-a-service (“SaaS”) platform, we recognize revenue over the period during which we perform the services.

•Reimbursable expenses revenue related to our property preservation and inspection services is included in revenue with an equal amount recognized in cost of revenue. These amounts are recognized on a gross basis, principally

because generally we have control over selection of vendors and the vendor relationships are with us, rather than with our customers.

Marketplace

•For the real estate auction platform, real estate auction and real estate brokerage services, we recognize revenue on a net basis (i.e., the commission on the sale) as we perform services as an agent without assuming the risks and rewards of ownership of the asset and the commission earned on the sale is a fixed percentage or amount.

•For SaaS based technology to manage real estate owned (“REO”), short sales, foreclosure, bankruptcy and eviction processes, we recognize revenue over the estimated average number of months the REO are on the platform. We generally recognize revenue for professional services over the contract period.

•Reimbursable expenses revenue related to our real estate sales is included in revenue with an equal amount recognized in cost of revenue. These amounts are recognized on a gross basis, principally because generally we have control over selection of vendors and the vendor relationships are with us, rather than with our customers.

Mortgage and Real Estate Solutions

•For the majority of the services we provide, we recognize transactional revenue when the service is provided.

•For loan disbursement processing services, we recognize revenue over the period during which we perform the processing services with full recognition upon completion of the disbursements. For foreclosure trustee services, we recognize revenue over the period during which we perform the related services, with full recognition upon completion and/or recording the related foreclosure deed. We use judgment to determine the period over which we recognize revenue for certain of these services.

•Reimbursable expenses revenue related to our title and foreclosure trustee services businesses is included in revenue with an equal amount recognized in cost of revenue. These amounts are recognized on a gross basis, principally because generally we have control over selection of vendors and the vendor relationships are with us, rather than with our customers.

Other Businesses

Earlier Stage Business

•For our customer journey analytics platform, we recognize revenue primarily based on subscription fees. We recognize revenue associated with implementation services and maintenance services ratably over the contract term.

Other

•For our Financial Services business (sold on July 1, 2019, see Note 4), we generally earned fees for our post-charge-off consumer debt collection services as a percentage of the amount we collected on delinquent consumer receivables and recognized revenue following collection from the borrowers. For mortgage charge-off collections performed on behalf of our clients, we recognized revenue as a percentage of amounts collected following collection from the borrowers. We provided customer relationship management services for which we typically earned and recognized revenue on a per-person, per-call or per-minute basis as the related services were performed.

•For loan servicing technologies, we recognized revenue based on the number of loans on the system. We generally recognized revenue from professional services over the contract period.

•For short-term investments in real estate (wind down completed in 2019, see Note 8), we recognized revenue associated with our sales of short-term investments in real estate on a gross basis (i.e., the selling price of the property) as we assumed the risks and rewards of ownership of the asset.

•For our consumer real estate brokerage (discontinued in the fourth quarter of 2019, see Note 8), we recognized revenue on a net basis (i.e., the commission on the sale) as we performed services as an agent without assuming the risks and rewards of ownership of the asset and the commission earned on the sale was a fixed percentage or amount.

Share-Based Compensation

Share-based compensation is accounted for under the provisions of ASC Topic 718, Compensation - Stock Compensation (“ASC Topic 718”). Under ASC Topic 718, the cost of services received in exchange for an award of equity instruments is generally measured based on the grant date fair value of the award. Share-based awards that do not require future service are expensed immediately. Share-based awards that require future service are recognized over the relevant service period. The Company has made an accounting policy election to account for forfeitures in compensation expense as they occur.

Income Taxes

We record income taxes in accordance with ASC Topic 740, Income Taxes (“ASC Topic 740”). We account for certain income and expense items differently for financial reporting purposes and income tax purposes. We recognize deferred income tax assets and liabilities for these differences between the financial reporting basis and the tax basis of our assets and liabilities as well as expected benefits of utilizing net operating loss and credit carryforwards. The most significant temporary differences relate to accrued compensation, amortization, loss carryforwards and valuation allowances. We measure deferred income tax assets and liabilities using enacted tax rates expected to apply to taxable income in the years in which we anticipate recovery or settlement of those temporary differences. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period when the change is enacted. Deferred tax assets are reduced by a valuation allowance when it is more likely than not that some portion or all of the deferred tax assets will not be realized.

Tax laws are complex and subject to different interpretations by the taxpayer and respective governmental taxing authorities. Significant judgment is required in determining tax expense and in evaluating tax positions including evaluating uncertainties under ASC Topic 740. We recognize tax benefits from uncertain tax positions only if it is more likely than not that the tax position will be sustained on examination by the taxing authorities based on the technical merits of the position. The tax benefits recognized in the financial statements from such positions are then measured based on the largest benefit that has a greater than 50% likelihood of being realized upon ultimate settlement. Resolution of these uncertainties in a manner inconsistent with management’s expectations could have a material impact on our results of operations.

Earnings Per Share

We compute earnings per share in accordance with ASC Topic 260, Earnings Per Share. Basic net income per share is computed by dividing net income attributable to Altisource by the weighted average number of shares of common stock outstanding for the period. Diluted net income per share reflects the assumed conversion of all dilutive securities using the treasury stock method.

Recently Adopted Accounting Pronouncements

In January 2017, the FASB issued Accounting Standards Update (“ASU”) No. 2017-04, Intangibles-Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment. This standard simplified the subsequent measurement of goodwill by eliminating Step 2 from the goodwill impairment test. Prior guidance required that companies compute the implied fair value of goodwill under Step 2 by performing procedures to determine the fair value at the impairment testing date of its assets and liabilities (including unrecognized assets and liabilities) following the procedure that would be required in determining the fair value of assets acquired and liabilities assumed in a business combination. This updated standard requires companies to perform annual or interim goodwill impairment tests by comparing the fair value of a reporting unit with its carrying amount. An entity should recognize an impairment charge for the amount by which the carrying amount exceeds the reporting unit’s fair value; however, the loss recognized should not exceed the total amount of goodwill allocated to that reporting unit. The Company adopted this standard effective January 1, 2020 and has applied it prospectively. Adoption of this new standard did not have any impact on the Company’s consolidated financial statements.

In August 2018, the FASB issued ASU No. 2018-13, Fair Value Measurement (Topic 820): Disclosure Framework—Changes to the Disclosure Requirements for Fair Value Measurement. This standard modified certain disclosure requirements such as the valuation processes for Level 3 fair value measurements. This standard also requires new disclosures such as the disclosure of certain assumptions used to develop significant unobservable inputs for Level 3 fair value measurements. The Company adopted this standard effective January 1, 2020 and has applied it prospectively. Adoption of this new standard did not have any impact on the Company’s consolidated financial statements.

In August 2018, the FASB issued ASU No. 2018-15, Intangibles—Goodwill and Other—Internal-Use Software (Subtopic 350-40): Customer’s Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement That Is a Service Contract (a consensus of the FASB Emerging Issues Task Force). This standard aligns the requirements for capitalizing implementation costs in a hosting arrangement service contract with the existing guidance for capitalizing implementation costs incurred for an internal-use software license. This standard also requires capitalizing or expensing implementation costs based on the nature of the costs and the project stage during which they are incurred and establishes additional disclosure requirements. The Company adopted this standard effective January 1, 2020 and has applied it prospectively. Adoption of this new standard did not have any impact on the Company’s consolidated financial statements.

amortized cost basis, replacing the previous incurred loss methodology. The CECL model applies to financial assets measured at amortized cost, including trade and other receivables, net, investments in leases, loans receivable held-to-maturity securities and off-balance sheet exposures. The Credit Loss Standard requires consideration of a broader range of information to estimate expected credit losses, including historical information and current conditions through a reasonable forecast period. The Credit Loss Standard requires that the income statement reflect the measurement of credit losses for newly recognized financial assets as well as the expected increase or decrease of expected credit losses that have taken place during the period, which may result in earlier recognition of certain losses. The Company adopted this standard effective January 1, 2020 utilizing a modified retrospective approach, which did not have any impact on the Company’s consolidated financial statements (See Note 6).

Future Adoption of New Accounting Pronouncements

In December 2019, the FASB issued ASU No. 2019-12, Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes. This standard is part of the FASB’s initiative to reduce complexity in accounting standards by instituting several simplifying provisions and removing several exceptions pertaining to income tax accounting. This standard will be effective for annual periods beginning after December 15, 2020, including interim periods within that reporting period. Early adoption of this standard is permitted. The Company is currently evaluating the impact this guidance may have on its consolidated financial statements.

In March 2020, the FASB issued ASU No. 2020-04, Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting and in January 2021, the FASB issued ASU No. 2021-01, Reference Rate Reform (Topic 848): Scope. This standard applies only to contracts, hedging relationships, and other transactions that reference the London Interbank Offered Rate (“LIBOR”) or another reference rate expected to be discontinued because of reference rate reform. This standard provides optional guidance for a limited period of time to ease the potential burden in accounting for (or recognizing the effects of) reference rate reform on financial reporting, in response to concerns about structural risks of interbank offered rates, and, particularly, the risk of cessation of LIBOR. This standard is effective from the period from March 12, 2020 through December 31, 2022. An entity may elect to apply the amendments for contract modifications as of any date from the beginning of an interim period that includes or is subsequent to March 12, 2020, or prospectively from a date within an interim period that includes or is subsequent to March 12, 2020, up to the date that the financial statements are available to be issued. Once elected for a topic or an industry subtopic, the standard must be applied prospectively for all eligible contract modifications for that topic or industry subtopic. The Company is currently evaluating the impact this guidance may have on its consolidated financial statements.

CUSTOMER CONCENTRATION	12 Months Ended
CUSTOMER CONCENTRATION	Dec. 31, 2020
Risks and Uncertainties [Abstract]
CUSTOMER CONCENTRATION	CUSTOMER CONCENTRATION Ocwen Ocwen Financial Corporation (together with its subsidiaries, “Ocwen”) is a residential mortgage loan servicer of mortgage servicing rights (“MSRs”) it owns, including those MSRs in which others have an economic interest, and a subservicer of MSRs owned by others. During the year ended December 31, 2020, Ocwen was our largest customer, accounting for 54% of our total revenue. Ocwen purchases certain mortgage services from us under the terms of services agreements and amendments thereto (collectively, the “Ocwen Services Agreements”) with terms extending through August 2025. Certain of the Ocwen Services Agreements contain a “most favored nation” provision and also grant the parties the right to renegotiate pricing, among other things. Revenue from Ocwen primarily consists of revenue earned from the loan portfolios serviced and subserviced by Ocwen when Ocwen engages us as the service provider, and revenue earned directly from Ocwen, pursuant to the Ocwen Services Agreements. For the years ended December 31, 2020, 2019 and 2018, we recognized revenue from Ocwen of $197.8 million, $362.7 million and $437.4 million, respectively. Revenue from Ocwen as a percentage of consolidated revenue was 54%, 56% and 52% for the years ended December 31, 2020, 2019 and 2018, respectively. We earn additional revenue related to the portfolios serviced and subserviced by Ocwen when a party other than Ocwen or the MSR owner selects Altisource as the service provider. For the years ended December 31, 2020, 2019 and 2018, we recognized revenue of $23.8 million, $37.5 million and $47.1 million, respectively, related to the portfolios serviced by Ocwen when a party other than Ocwen or the MSR owner selected Altisource as the service provider. These amounts are not included in deriving revenue from Ocwen and revenue from Ocwen as a percentage of revenue discussed above. In February 2019, Altisource and Ocwen entered into agreements that, among other things, facilitated Ocwen’s transition from REALServicing® and related technologies to another mortgage servicing software platform, establish a process for Ocwen to review and approve the assignment of one or more of our agreements to potential buyers of Altisource’s business lines, requiring Ocwen to use Altisource as service provider for certain service referrals totaling an amount equal to 100% of the applicable service referrals on certain portfolios plus an amount equal to not less than 90% of applicable service referrals from certain other portfolios (determined on a service by service basis), subject to certain additional restrictions and limitations, and affirm Altisource’s role as a strategic service provider to Ocwen through August 2025. In connection with these agreements, Altisource expressly preserved and did not waive any of its existing contractual rights relating to service referrals, other than with respect to Ocwen transitioning from the REALServicing and related technologies. If Altisource fails certain performance standards for specified periods of time, then Ocwen may terminate Altisource as a provider for the applicable service(s), subject to certain limitations and Altisource’s right to cure. Ocwen’s transition to another mortgage servicing platform was completed during 2019. During the second quarter of 2020, Ocwen informed us that an MSR investor instructed Ocwen to use a field services provider other than Altisource on properties associated with certain MSRs. Based upon the impacted portfolios to date and the designated service provider, Altisource believes that Ocwen received these directions from New Residential Investment Corp. (individually, together with one or more of its subsidiaries or one or more of its subsidiaries individually, “NRZ”). We believe Ocwen commenced using another field services provider for these properties in July 2020 and continued to transition services during the third quarter of 2020. We believe that the transition to the replacement field service provider was largely completed as of September 30, 2020. We estimate that $70.1 million, $150.2 million and $171.0 million of service revenue from Ocwen for the years ended December 31, 2020, 2019 and 2018, respectively, was derived from Field Services referrals from the NRZ portfolios. Ocwen also communicated to Altisource in the fourth quarter of 2020 that the same investor instructed Ocwen to use a provider for default valuations and certain default title services other than Altisource on properties associated with such certain MSRs and commenced moving these referrals to other service providers in the fourth quarter of 2020. We anticipate that the transition of such default valuations and title services will continue during the course of 2021. We estimate that $18.2 million, $33.2 million and $40.1 million of service revenue from Ocwen for the years ended December 31, 2020, 2019 and 2018, respectively, was derived from default valuations and title services referrals from the NRZ portfolios. Altisource believes that any action taken by Ocwen to redirect these service referrals breaches Altisource's agreement with Ocwen. We are currently in discussions with Ocwen to address this matter, and have reserved all of our rights with respect to this matter. To address the reduction in revenue, Altisource is undertaking several measures to further reduce its cost structure and strengthen its operations. As of December 31, 2020, accounts receivable from Ocwen totaled $5.9 million, $5.1 million of which was billed and $0.8 million of which was unbilled. As of December 31, 2019, accounts receivable from Ocwen totaled $19.1 million, $15.7 million of which was billed and $3.4 million of which was unbilled. NRZ NRZ is a real estate investment trust that invests in and manages investments primarily related to residential real estate, including MSRs and excess MSRs. Ocwen has disclosed that NRZ is its largest client. As of December 31, 2020, NRZ MSRs or rights to MSRs relating to approximately 36% of loans serviced and subserviced by Ocwen (measured in unpaid principal balance (“UPB”)). In July 2017 and January 2018, Ocwen and NRZ entered into a series of agreements pursuant to which the parties agreed, among other things, to undertake certain actions to facilitate the transfer from Ocwen to NRZ of Ocwen’s legal title to certain of its MSRs (the “Subject MSRs”) and under which Ocwen will subservice mortgage loans underlying the MSRs for an initial term of five years, subject to early termination rights. On August 28, 2017, Altisource, through its licensed subsidiaries, entered into a Cooperative Brokerage Agreement, as amended, and related letter agreement (collectively, the “Brokerage Agreement”) with NRZ which extends through August 2025. Under this agreement and related amendments, Altisource remains the exclusive provider of brokerage services for REO associated with the Subject MSRs, irrespective of the subservicer, subject to certain limitations. NRZ’s brokerage subsidiary receives a cooperative brokerage commission on the sale of REO properties from these portfolios subject to certain exceptions. The Brokerage Agreement may be terminated by NRZ upon the occurrence of certain specified events. Termination events include, but are not limited to, a breach of the terms of the Brokerage Agreement (including, without limitation, the failure to meet performance standards and non-compliance with law in a material respect), the failure to maintain licenses which failure materially prevents performance of the contract, regulatory allegations of non-compliance resulting in an adversarial proceeding against NRZ, voluntary or involuntary bankruptcy, appointment of a receiver, disclosure in a Form 10-K or Form 10-Q that there is significant uncertainty about Altisource’s ability to continue as a going concern, failure to maintain a specified level of cash and an unapproved change of control. For the years ended December 31, 2020, 2019 and 2018, we recognized revenue from NRZ of $8.6 million, $12.5 million and $28.7 million, respectively, under the Brokerage Agreement. For the years ended December 31, 2020, 2019 and 2018, we recognized additional revenue of $35.1 million, $60.0 million and $83.6 million, respectively, relating to the Subject MSRs when a party other than NRZ selects Altisource as the service provider.

SALE OF BUSINESS	12 Months Ended
SALE OF BUSINESS	Dec. 31, 2020
Discontinued Operations and Disposal Groups [Abstract]
SALE OF BUSINESS	SALE OF BUSINESSES Financial Services Business On July 1, 2019, Altisource sold its Financial Services business, consisting of its post-charge-off consumer debt and mortgage charge-off collection services and customer relationship management services (the “Financial Services Business”) to Transworld Systems Inc. (“TSI”) for $44.0 million consisting of an up-front payment of $40.0 million, subject to a working capital adjustment (finalized during 2019) and transaction costs upon closing of the sale, and an additional $4.0 million payment on the one year anniversary of the sale closing. In connection with the sale, we recognized a $17.8 million pretax gain on sale for the year ended December 31, 2019. On July 1, 2020, the Company received net proceeds of $3.3 million representing TSI’s final installment payment less certain amounts owed to TSI. The parties also entered into a transition services agreement to provide for the management and orderly transition of certain services and technologies to TSI for periods ranging from 2 months to 13 months, subject to additional 3 month extensions. These services included support for information technology systems and infrastructure, facilities management, finance, compliance and human resources functions and were charged to TSI on a fixed fee or hourly basis. As of December 31, 2020, all of the transition services and technologies have been fully transitioned to TSI. Rental Property Management Business In August 2018, Altisource entered into an amendment to its agreements with Front Yard Residential Corporation (“RESI”) to sell Altisource’s rental property management business to RESI and permit RESI to internalize certain services that had been provided by Altisource. The proceeds from the transaction totaled $18.0 million, payable in two installments. The first installment of $15.0 million was received on the closing date of August 8, 2018. The second installment of $3.0 million is to be received on the earlier of a RESI change of control or on August 8, 2023. On October 19, 2020, RESI announced that it had entered into a definitive merger agreement to sell RESI. The merger closed on January 11, 2021 and the Company subsequently received the $3.0 million payment. The present value of the second installment is included in other assets in the accompanying consolidated balance sheets at a discounted value of $2.5 million and $2.4 million as of December 31, 2020 and 2019, respectively. DISCONTINUATION OF LINES OF BUSINESS Owners.com In October 2019, the Company announced its plans to wind down and close the Owners.com business, which was completed by December 31, 2019. Owners.com was a technology-enabled real estate brokerage and provider of related mortgage brokerage and title services. Owners.com was not material in relation to the Company’s results of operations or financial position. In connection with the wind down of Owners.com, the Company wrote off $5.2 million of goodwill and $0.7 million of intangible assets (see Note 11). In addition, wind down expenses were included in the Project Catalyst restructuring charges (see Note 24). Buy-Renovate-Lease-Sell On November 26, 2018, the Company announced its plans to sell its short-term investments in real estate (“BRS Inventory”) and discontinue the Company’s Buy-Renovate-Lease-Sell (“BRS”) business. Altisource’s BRS business focused on buying, renovating, leasing and selling single-family homes to real estate investors. The BRS business was not material in relation to the Company’s results of operations or financial position. The Company completed the sale of the BRS Inventory during the year ended December 31, 2019.

INVESTMENT IN EQUITY SECURITIES	12 Months Ended
INVESTMENT IN EQUITY SECURITIES	Dec. 31, 2020
Investments, Debt and Equity Securities [Abstract]
INVESTMENT IN EQUITY SECURITIES	INVESTMENT IN EQUITY SECURITIES During 2016, we purchased 4.1 million shares of RESI common stock. This investment is reflected in the accompanying consolidated balance sheets at fair value and changes in fair value are included in other income (expense), net in the accompanying consolidated statements of operations and comprehensive loss. As of December 31, 2019, we held 3.5 million shares of RESI common stock (no comparative amount as of December 31, 2020). As of December 31, 2019 and 2018, the fair value of our investment was $42.6 million and $36.2 million, respectively (no comparative amount as of December 31, 2020). During the years ended December 31, 2020, 2019 and 2018, we recognized an unrealized gain (loss) from the change in fair value of $4.0 million, $14.4 million and $(13.0) million, respectively, in the consolidated statements of operations and comprehensive loss. In January 2016, the FASB issued ASU No. 2016-01, Financial Instruments - Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities, that required 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. This standard was effective for the Company on January 1, 2018. The adoption of this standard resulted in a cumulative effect adjustment to increase retained earnings and decrease accumulated other comprehensive income by $0.7 million, net of income tax provision, on January 1, 2018. The unrealized gain for years ended December 31, 2020 and 2019 included $4.1 million and $2.0 million of net gains recognized on RESI shares sold during the period, respectively (no comparative amount for the year ended December 31, 2018). During the years ended December 31, 2020, 2019 and 2018, we earned dividends of $0.5 million, $1.7 million and $2.5 million, respectively, related to this investment. During the year ended December 31, 2020, the Company sold all of its remaining 3.5 million shares for net proceeds of $46.6 million. During the year ended December 31, 2019, the Company sold 0.7 million shares for net proceeds of $8.0 million. As required by our senior secured term loan agreement, the Company used the net proceeds to repay a portion of its senior secured term loan.

ACCOUNTS RECEIVABLE, NET

12 Months Ended

Dec. 31, 2020

Receivables [Abstract]

ACCOUNTS RECEIVABLE, NET

Accounts receivable, net consists of the following as of December 31:


(in thousands)	2020		2019

Billed	$	19,703	$	35,921
Unbilled	8,291		12,166
	27,994		48,087
Less: Allowance for credit losses	(5,581)		(4,472)

Total	$	22,413	$	43,615

Unbilled accounts receivable consist primarily of certain real estate asset management, REO sales, title and closing services for which we generally recognize revenue when the service is provided but collect upon closing of the sale, and foreclosure trustee services, for which we generally recognize revenues over the service delivery period but bill following completion of the service. We also include amounts in unbilled accounts receivable that are earned during a month and billed in the following month.

In June 2016, the FASB issued ASU No. 2016-13, Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments. This ASU and its related amendments (collectively, the "Credit Loss Standard") introduced the current expected credit losses (“CECL”) methodology for the measurement of credit losses on financial assets measured at amortized cost basis, replacing the previous incurred loss methodology. The CECL model applies to financial assets measured at amortized cost, including trade and other receivables, net, investments in leases, loans receivable held-to-maturity securities and off-balance sheet exposures. The Credit Loss Standard requires consideration of a broader range of information to estimate expected credit losses, including historical information and current conditions through a reasonable forecast period. The Credit Loss Standard requires that the income statement reflect the measurement of credit losses for newly recognized financial assets as well as the expected increase or decrease of expected credit losses that have taken place during the period, which may result in earlier recognition of certain losses. The Company adopted this standard effective January 1, 2020 utilizing a modified retrospective approach, which did not have any impact on the Company’s consolidated financial statements.

We are exposed to credit losses through our sales of products and services to our customers which are recorded as Accounts Receivable, net on the Company’s consolidated financial statements. We monitor and estimate the allowance for credit losses based on our historical write-offs, historical collections, our analysis of past due accounts based on the contractual terms of the receivables, relevant market and industry reports and our assessment of the economic status of our customers, if known. Estimated credit losses are written off in the period in which the financial asset is no longer collectible. There can be no assurance that actual results will not differ from estimates or that consideration of these factors in the future will not result in an increase or decrease to our allowance for credit losses.

Prior to January 1, 2020, our allowance for credit losses represents an amount that we estimate to be uncollectible.

Bad debt expense amounted to $2.2 million, $0.7 million and $2.8 million for the years ended December 31, 2020, 2019 and 2018, respectively, and is included in selling, general and administrative expenses in the consolidated statements of operations and comprehensive loss.

PREPAID EXPENSES AND OTHER CURRENT ASSETS

12 Months Ended

Dec. 31, 2020

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 as of December 31:


(in thousands)	2020		2019

Maintenance agreements, current portion	$	2,513	$	1,923
Income taxes receivable	7,053		5,098
Prepaid expenses	4,812		3,924
Other current assets	5,101		4,269

Total	$	19,479	$	15,214

DISCONTINUATION OF LINES OF BUSINESS	12 Months Ended
DISCONTINUATION OF LINES OF BUSINESS	Dec. 31, 2020
Discontinued Operations and Disposal Groups [Abstract]
DISCONTINUATION OF LINES OF BUSINESS	SALE OF BUSINESSES Financial Services Business On July 1, 2019, Altisource sold its Financial Services business, consisting of its post-charge-off consumer debt and mortgage charge-off collection services and customer relationship management services (the “Financial Services Business”) to Transworld Systems Inc. (“TSI”) for $44.0 million consisting of an up-front payment of $40.0 million, subject to a working capital adjustment (finalized during 2019) and transaction costs upon closing of the sale, and an additional $4.0 million payment on the one year anniversary of the sale closing. In connection with the sale, we recognized a $17.8 million pretax gain on sale for the year ended December 31, 2019. On July 1, 2020, the Company received net proceeds of $3.3 million representing TSI’s final installment payment less certain amounts owed to TSI. The parties also entered into a transition services agreement to provide for the management and orderly transition of certain services and technologies to TSI for periods ranging from 2 months to 13 months, subject to additional 3 month extensions. These services included support for information technology systems and infrastructure, facilities management, finance, compliance and human resources functions and were charged to TSI on a fixed fee or hourly basis. As of December 31, 2020, all of the transition services and technologies have been fully transitioned to TSI. Rental Property Management Business In August 2018, Altisource entered into an amendment to its agreements with Front Yard Residential Corporation (“RESI”) to sell Altisource’s rental property management business to RESI and permit RESI to internalize certain services that had been provided by Altisource. The proceeds from the transaction totaled $18.0 million, payable in two installments. The first installment of $15.0 million was received on the closing date of August 8, 2018. The second installment of $3.0 million is to be received on the earlier of a RESI change of control or on August 8, 2023. On October 19, 2020, RESI announced that it had entered into a definitive merger agreement to sell RESI. The merger closed on January 11, 2021 and the Company subsequently received the $3.0 million payment. The present value of the second installment is included in other assets in the accompanying consolidated balance sheets at a discounted value of $2.5 million and $2.4 million as of December 31, 2020 and 2019, respectively. DISCONTINUATION OF LINES OF BUSINESS Owners.com In October 2019, the Company announced its plans to wind down and close the Owners.com business, which was completed by December 31, 2019. Owners.com was a technology-enabled real estate brokerage and provider of related mortgage brokerage and title services. Owners.com was not material in relation to the Company’s results of operations or financial position. In connection with the wind down of Owners.com, the Company wrote off $5.2 million of goodwill and $0.7 million of intangible assets (see Note 11). In addition, wind down expenses were included in the Project Catalyst restructuring charges (see Note 24). Buy-Renovate-Lease-Sell On November 26, 2018, the Company announced its plans to sell its short-term investments in real estate (“BRS Inventory”) and discontinue the Company’s Buy-Renovate-Lease-Sell (“BRS”) business. Altisource’s BRS business focused on buying, renovating, leasing and selling single-family homes to real estate investors. The BRS business was not material in relation to the Company’s results of operations or financial position. The Company completed the sale of the BRS Inventory during the year ended December 31, 2019.

PREMISES AND EQUIPMENT, NET

12 Months Ended

Dec. 31, 2020

Property, Plant and Equipment [Abstract]

PREMISES AND EQUIPMENT, NET

Premises and equipment, net consists of the following as of December 31:


(in thousands)	2020		2019

Computer hardware and software	$	52,837	$	144,608
Leasehold improvements	14,792		23,800
Furniture and fixtures	5,882		8,775
Office equipment and other	1,817		4,004
	75,328		181,187
Less: Accumulated depreciation and amortization	(63,434)		(156,661)

Total	$	11,894	$	24,526

Depreciation and amortization expense amounted to $14.9 million, $18.5 million and $30.8 million for the years ended December 31, 2020, 2019 and 2018, respectively, and is included in cost of revenue for operating assets and in selling, general and administrative expenses for non-operating assets in the consolidated statements of operations and comprehensive loss.

Premises and equipment, net consist of the following, by country, as of December 31:


(in thousands)	2020		2019

United States	$	5,530	$	13,426
Luxembourg	5,451		10,295
India	822		671
Uruguay	91		39
Philippines	—		95

Total	$	11,894	$	24,526

RIGHT-OF-USE ASSETS UNDER OPERATING LEASES, NET

12 Months Ended

Dec. 31, 2020

Leases [Abstract]

RIGHT-OF-USE ASSETS UNDER OPERATING LEASES, NET

Right-of-use assets under operating leases, net consists of the following as of December 31:


(in thousands)	2020		2019

Right-of-use assets under operating leases	$	31,932	$	39,729
Less: Accumulated amortization	(13,719)		(10,655)

Total	$	18,213	$	29,074

Amortization of operating leases was $10.2 million and $11.8 million for the years ended December 31, 2020 and 2019, respectively (no comparative amount for the year ended December 31, 2018), and is included in cost of revenue for operating assets and in selling, general and administrative expenses for non-operating assets in the consolidated statements of operations and comprehensive loss.

GOODWILL AND INTANGIBLE ASSETS, NET

12 Months Ended

Dec. 31, 2020

Goodwill and Intangible Assets Disclosure [Abstract]

GOODWILL AND INTANGIBLE ASSETS, NET

Goodwill

Changes in goodwill during the years ended December 31, 2020 and 2019 are summarized below:


(in thousands)	Total

Balance as of January 1, 2019	$	81,387
Disposition (1)	(2,378)
Write-off (2)	(5,160)

Balance as of December 31, 2020 and 2019	$	73,849

______________________________________

(1) During 2019, the Company sold the Financial Services Business (see Note 4) which had $2.4 million of goodwill attributed to it.

(2) During 2019, we recorded a $5.2 million write-off of goodwill attributable to the Owners.com business, as a result of our decision to wind down and close the business (see Note 8).

Intangible Assets, Net

Intangible assets, net consist of the following as of December 31:


	Weighted average estimated useful life (in years)	Gross carrying amount				Accumulated amortization				Net book value
(in thousands)		2020		2019		2020		2019		2020		2019

Definite lived intangible assets:
Customer related intangible assets	9	$	214,973	$	214,973	$	(187,923)	$	(176,043)	$	27,050	$	38,930
Operating agreement	20	35,000		35,000		(19,126)		(17,376)		15,874		17,624
Trademarks and trade names	16	9,709		9,709		(6,307)		(5,893)		3,402		3,816
Non-compete agreements	4	1,230		1,230		(1,230)		(1,215)		—		15
Intellectual property	—	—		300		—		(175)		—		125
Other intangible assets	5	1,800		3,745		(1,800)		(3,209)		—		536

Total		$	262,712	$	264,957	$	(216,386)	$	(203,911)	$	46,326	$	61,046

Amortization expense for definite lived intangible assets was $14.7 million, $19.0 million and $28.4 million for the years ended December 31, 2020, 2019 and 2018, respectively. Expected annual definite lived intangible asset amortization expense for 2021 through 2025 is $9.5 million, $5.1 million, $5.1 million, $5.1 million and $5.1 million, respectively.

OTHER ASSETS

12 Months Ended

Dec. 31, 2020

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

OTHER ASSETS

Other assets consist of the following as of December 31:


(in thousands)	2020		2019

Security deposits	$	2,416	$	3,473
Restricted cash	3,833		3,842
Other	3,601		3,495

Total	$	9,850	$	10,810

ACCOUNTS PAYABLE, ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES

12 Months Ended

Dec. 31, 2020

Payables and Accruals [Abstract]

ACCOUNTS PAYABLE, ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES

Accounts payable and accrued expenses consist of the following as of December 31:


(in thousands)	2020		2019

Accounts payable	$	16,797	$	22,431
Accrued expenses - general	24,422		24,558
Accrued salaries and benefits	11,226		18,982
Income taxes payable	4,334		1,700

Total	$	56,779	$	67,671

Other current liabilities consist of the following as of December 31:


(in thousands)	2020		2019

Operating lease liabilities	$	7,609	$	11,398
Other	1,696		3,326

Total	$	9,305	$	14,724

LONG-TERM DEBT

12 Months Ended

Dec. 31, 2020

Debt Disclosure [Abstract]

LONG-TERM DEBT

Long-term debt consists of the following as of December 31:


(in thousands)	2020		2019

Senior secured term loans	$	247,204	$	293,826
Less: Debt issuance costs, net	(2,389)		(3,119)
Less: Unamortized discount, net	(2,159)		(2,825)

Long-term debt	$	242,656	$	287,882

Altisource Portfolio Solutions S.A. and its wholly-owned subsidiary, Altisource S.à r.l. entered into a credit agreement (the “Credit Agreement”) in April 2018 with Morgan Stanley Senior Funding, Inc., as administrative agent and collateral agent, and certain lenders. Under the Credit Agreement, Altisource borrowed $412.0 million in the form of Term B Loans and obtained a $15.0 million revolving credit facility. The Term B Loans mature in April 2024 and the revolving credit facility matures in April 2023. Altisource Portfolio Solutions S.A. and certain subsidiaries are guarantors of the term loan and the revolving credit facility (collectively, the “Guarantors”).

Proceeds from the Term B Loans were used to repay the Company’s prior senior secured term loan, which had an outstanding balance of $412.1 million as of April 3, 2018. In connection with the refinancing, we recognized a loss of $4.4 million from the write-off of unamortized debt issuance costs and debt discount in the second quarter of 2018. This loss was included in other income (expense), net in the consolidated statements of operations and comprehensive loss.

There are no mandatory repayments of the Term B Loans due until April 2024, when the balance is due at maturity. During 2020 and 2019, the Company sold 3.5 million and 0.7 million, respectively, RESI shares for net proceeds of $46.6 million and $8.0 million, respectively, and used the net proceeds to repay a portion of the senior secured term loan (see Note 5). Also during 2019, the Company used net proceeds of $37.0 million from the sale of the Financial Services Business (see Note 4) to repay a portion of the senior secured term loan. In addition, the Company repaid $49.9 million of the Term B Loans in the fourth quarter of 2018 from proceeds from the sale certain of the BRS Inventory received during December 2018 and in anticipation of receiving additional proceeds during the first half of 2019 (see Note 8). Also during 2018, the Company used the proceeds received from the sale of the rental property management business (see Note 4) to repay $15.0 million of the Term B Loans. These repayments were applied to contractual amortization payments in the direct order of maturity. All amounts outstanding under the Term B Loans will become due on the earlier of (i) April 3, 2024, 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 (as defined in the Credit Agreement; other capitalized terms, unless defined herein, are defined in the Credit Agreement) or as otherwise provided in the Credit Agreement upon the occurrence of any event of default.

In addition to the scheduled principal payments, subject to certain exceptions, the Term B Loans are subject to mandatory prepayment upon issuances of debt, certain casualty and condemnation events and sales of assets, as well as from a percentage of Consolidated Excess Cash Flow if our leverage ratio as of each year-end computation date is greater than 3.00 to 1.00, as calculated in accordance with the provisions of the Credit Agreement (the percentage increases if our leverage ratio exceeds 3.50 to 1.00). Our leverage ratio exceeded 3.50 to 1.00 during the year ended December 31, 2020. However, because the Company did not generate any Consolidated Excess Cash Flow in 2020, no amounts are due under this provision.

Altisource may incur incremental indebtedness under the Credit Agreement from one or more incremental lenders, which may include existing lenders, in an aggregate incremental principal amount not to exceed $125.0 million, subject to certain conditions set forth in the Credit Agreement, including a sublimit of $80.0 million with respect to incremental revolving credit commitments and, after giving effect to the incremental borrowing, the Company’s leverage ratio does not exceed 3.00 to 1.00. Our leverage ratio exceeded 3.00 to 1.00 during the year ended December 31, 2020. The lenders have no obligation to provide any incremental indebtedness.

The Term B Loans bear interest at rates based upon, at our option, the Adjusted Eurodollar Rate or the Base Rate. Adjusted Eurodollar Rate term loans bear interest at a rate per annum equal to the sum of (i) the greater of (x) the Adjusted Eurodollar Rate for a three month interest period and (y) 1.00% plus (ii) 4.00%. Base Rate term 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) 3.00%. The interest rate as of December 31, 2020 was 5.00%.

Loans under the revolving credit facility bear interest at rates based upon, at our option, the Adjusted Eurodollar Rate or the Base Rate. Adjusted Eurodollar Rate revolving loans bear interest at a rate per annum equal to the sum of (i) the Adjusted Eurodollar Rate for a three month interest period plus (ii) 4.00%. Base Rate revolving loans bear interest at a rate per annum equal to the sum of (i) the Base Rate plus (ii) 3.00%. The unused commitment fee is 0.50%. Borrowings under the revolving credit facility are not permitted if our leverage ratio exceeds 3.50 to 1.00. Our leverage ratio exceeded 3.50 to 1.00 during the year ended December 31, 2020. There were no borrowings outstanding under the revolving credit facility as of December 31, 2020.

The payment of all amounts owing by Altisource under the Credit Agreement is guaranteed by the Guarantors and is secured by a pledge of all equity interests of certain subsidiaries of Altisource, as well as a lien on substantially all of the assets of Altisource S.à r.l. and the Guarantors, subject to certain exceptions.

The Credit Agreement includes covenants that restrict or limit, among other things, our ability, subject to certain exceptions and baskets, to incur indebtedness; incur liens on our assets; sell, transfer or dispose of assets; make Restricted Junior Payments including share repurchases, dividends and repayment of junior indebtedness; make investments; dispose of equity interests of any Material Subsidiaries; engage in a line of business substantially different than existing businesses and businesses reasonably related, complimentary or ancillary thereto; 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; and to the extent any Revolving Credit Loans are outstanding on the last day of a fiscal quarter, permit the Total Leverage Ratio to be greater than 3.50:1.00 as of the last day of such fiscal quarter, subject to a customary cure provision (the “Revolving Financial Covenant”).

The Credit 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 Credit Agreement within five days of becoming due, (ii) material incorrectness of representations and warranties when made, (iii) breach of certain other covenants, subject to cure periods described in the

Credit Agreement, (iv) a breach of the Revolving Financial Covenant, subject to a customary cure provision and not an Event of Default with respect to the Term Loans unless and until the Required Revolving Lenders accelerate the Revolving Credit Loans, (v) failure to pay principal or interest on any other debt that equals or exceeds $40.0 million when due, (vi) 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, (vii) occurrence of a Change of Control, (viii) bankruptcy and insolvency events, (ix) 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, (x) the occurrence of certain ERISA events and (xi) 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 Credit Agreement or waived, all loans and other obligations could become due and immediately payable and the facility could be terminated.

As of December 31, 2020, debt issuance costs were $2.4 million, net of $2.2 million of accumulated amortization. As of December 31, 2019, debt issuance costs were $3.1 million, net of $1.4 million of accumulated amortization.

Interest expense on the senior secured term loans, including amortization of debt issuance costs and the net debt discount, totaled $17.7 million, $21.4 million and $26.3 million for the years ended December 31, 2020, 2019 and 2018, respectively.

Maturities of our long-term debt are as follows:


(in thousands)	Maturities

2021	$	—
2022	—
2023	—
2024	247,204

	$	247,204

OTHER NON-CURRENT LIABILITIES

12 Months Ended

Dec. 31, 2020

Other Liabilities Disclosure [Abstract]

OTHER NON-CURRENT LIABILITIES

Other non-current liabilities consist of the following as of December 31:


(in thousands)	2020		2019

Operating lease liabilities	$	12,281	$	19,707
Income tax liabilities	12,414		10,935
Deferred revenue	504		88
Other non-current liabilities	40		286

Total	$	25,239	$	31,016

FAIR VALUE MEASUREMENTS AND FINANCIAL INSTRUMENTS

12 Months Ended

Dec. 31, 2020

Fair Value Disclosures [Abstract]

FAIR VALUE MEASUREMENTS AND FINANCIAL INSTRUMENTS

The following table presents the carrying amount and estimated fair value of financial instruments and certain liabilities measured at fair value as of December 31, 2020 and 2019. The following fair values are estimated using market information and what the Company believes to be appropriate valuation methodologies under GAAP:


	December 31, 2020								December 31, 2019
(in thousands)	Carrying amount		Fair value						Carrying amount		Fair value
			Level 1		Level 2		Level 3				Level 1		Level 2		Level 3
Assets:
Cash and cash equivalents	$	58,263	$	58,263	$	—	$	—	$	82,741	$	82,741	$	—	$	—
Restricted cash	3,833		3,833		—		—		3,842		3,842		—		—
Investment in equity securities	—		—		—		—		42,618		42,618		—		—
Long-term receivable	2,531		—		—		2,531		2,371		—		—		2,371

Liabilities:
Senior secured term loan	247,204		—		201,472		—		293,826		—		277,666		—

Fair Value Measurements on a Recurring Basis

Cash and cash equivalents and restricted cash are carried at amounts that approximate their fair values due to the highly liquid nature of these instruments and were measured using Level 1 inputs.

Investment in equity securities is carried at fair value and consists of 3.5 million shares of RESI common stock as of December 31, 2019 (no comparative amount as of December 31, 2020). The investment in equity securities is measured using Level 1 inputs as these securities have quoted prices in active markets.

The fair value of our senior secured term loan 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.

In connection with the sale of the rental property management business in August 2018, Altisource is to receive $3.0 million on the earlier of a RESI change of control or on August 8, 2023. On October 19, 2020, RESI announced that it had entered into a definitive merger agreement to sell RESI. The merger closed on January 11, 2021 and the Company subsequently received the $3.0 million payment (See Note 4 for additional information). We measure long-term receivables without a stated interest rate based on the present value of the future payments.

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

Concentrations of Credit Risk

Financial instruments that subject us to concentrations of credit risk primarily consist of cash and cash equivalents and accounts receivable. Our policy is to deposit our cash and cash equivalents with larger, highly rated financial institutions. The Company derived 54% of its revenues from Ocwen for the year ended December 31, 2020 (see Note 3 for additional information on Ocwen revenues and accounts receivable balance). The Company strives to mitigate its concentrations of credit risk with respect to accounts receivable by actively monitoring past due accounts and the economic status of larger customers, if known.

- 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

12 Months Ended

Dec. 31, 2020

Share-based Payment Arrangement [Abstract]

SHAREHOLDERS' EQUITY AND SHARE-BASED COMPENSATION

SHAREHOLDERS’ EQUITY AND SHARE-BASED COMPENSATION

Common Stock

As of December 31, 2020, we had 100.0 million shares authorized, 25.4 million issued and 15.7 million shares of common stock outstanding. As of December 31, 2019, we had 100.0 million shares authorized, 25.4 million shares issued and 15.5 million shares of common stock outstanding. The holders of shares of Altisource common stock generally are entitled to one vote for each share on all matters voted on by shareholders, and the holders of such shares generally will possess all voting power.

Equity Incentive Plan

Our 2009 Equity Incentive Plan (the “Plan”) provides for various types of equity awards, including stock options, stock appreciation rights, stock purchase rights, restricted shares, restricted share units and other awards, or a combination of any of the above. Under the Plan, we may grant up to 6.7 million Altisource share-based awards to officers, directors, employees and to employees of our affiliates. As of December 31, 2020, 1.0 million share-based awards were available for future grant under the Plan. Expired and forfeited awards are available for reissuance.

Share Repurchase Program

On May 15, 2018, our shareholders approved the renewal and replacement of the share repurchase program previously approved by the shareholders on May 17, 2017. Under the program, we are authorized to purchase up to 4.3 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, for a period of five years from the date of approval. As of December 31, 2020, approximately 2.4 million shares of common stock remain available for repurchase under the program. There were no purchases of shares of common stock during the year ended December 31, 2020. We purchased 1.0 million shares at an average price of $20.33 per share during the year ended December 31, 2019 and 1.6 million shares at an average price of $25.53 per share during the year ended December 31, 2018. Luxembourg law limits share repurchases to the balance of Altisource Portfolio Solutions S.A. (unconsolidated parent company) retained earnings, less the value of shares repurchased. As of December 31, 2020, we can repurchase up to approximately $91 million of our common stock under Luxembourg law. Our Credit Agreement also limits the amount we can spend on share repurchases, which limit was approximately $430 million as of December 31, 2020, and may prevent repurchases in certain circumstances, including if our leverage ratio exceeds 3.50 to 1.00. Our leverage ratio exceeded 3.50 to 1.00 during the year ended December 31, 2020.

Share-Based Compensation

We issue share-based awards in the form of stock options, restricted shares and restricted share units for certain employees, officers and directors. We recognized share-based compensation expense of $7.8 million, $11.9 million and $10.2 million for the years ended December 31, 2020, 2019 and 2018, respectively. As of December 31, 2020, estimated unrecognized compensation costs related to share-based awards amounted to $6.6 million, which we expect to recognize over a weighted average remaining requisite service period of approximately 1.48 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 vesting and generally expire on the earlier of ten years after the date of grant or following termination of service. A total of 253 thousand service-based options were outstanding as of December 31, 2020.

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 as “ordinary performance” grants, generally 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 as “extraordinary performance” grants, generally 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. Market-based options vest in three or four year installments with the first installment vesting upon the achievement of the criteria and the remaining installments vesting thereafter in 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 201 thousand market-based options were outstanding as of December 31, 2020.

Performance-Based Options. These option grants generally will vest if certain specific financial measures are achieved; one-fourth vests on each anniversary of the grant date. For certain other financial measures, options cliff-vest upon the achievement of the specific performance during the period from 2019 through 2021. 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 above threshold performance levels, participants have the opportunity to vest in 50% to 200% of the option grants, depending upon performance achieved. If the performance criteria achieved is below a certain threshold, the options are canceled. The options generally expire on the earlier of ten years after the date of grant or following termination of service. There were 446 thousand performance-based options outstanding as of December 31, 2020.

There were no stock options granted during 2020 and 2019. Outstanding stock options increased by 228 thousand in February 2019 in connection with the determination of the level of achievement for certain performance-based options granted in 2018. The Company granted 277 thousand stock options (at a weighted average exercise price of $25.15 per share) during the year ended December 31, 2018.

The fair values of the service-based options and performance-based options are determined using the Black-Scholes option pricing model and the fair values of the market-based options were determined using a lattice (binomial) model. The following assumptions were used to determine the fair values as of the grant date for the years ended December 31:

2018

Black-Scholes

Binomial

Risk-free interest rate (%)

2.66 – 3.10

1.64 – 3.22

Expected stock price volatility (%)

70.31 – 71.86

71.36 – 71.86

Expected dividend yield

—

Expected option life (in years)

6.00 – 6.25

2.56 – 4.33

Fair value

$16.17 – $19.68

$14.67 – $20.26

We determined the expected option life of all service-based stock option grants using the simplified method, determined based on the graded vesting term plus the contractual term of the options, divided by two. 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 years ended December 31:


(in thousands, except per share data)	2020		2019		2018

Weighted average grant date fair value of stock options granted per share	$	—	$	—	$	16.31
Intrinsic value of options exercised	—		54		4,609
Grant date fair value of stock options that vested	2,730		3,053		1,760

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 as of December 31, 2019	1,468,046	$	29.19	4.60	$	94


Forfeited	(568,132)	24.00

Outstanding as of December 31, 2020	899,914	32.47		5.63	—

Exercisable as of December 31, 2020	557,620	28.69		5.45	—

In 2018, the Company modified the performance thresholds that are required to be met in order for vesting to occur for 263 thousand stock options granted to 16 employees during the year ended December 31, 2018. The award modification did not change the inputs into the valuation model or the Company’s assessment of the probability of vesting as of the effective date of the modifications. Consequently, no incremental compensation expense was required as a result of this modification.

The following table summarizes information about stock options outstanding and exercisable as of December 31, 2020:


	Options outstanding				Options exercisable
Exercise price range (1)	Number	Weighted average remaining contractual life (in years)	Weighted average exercise price		Number	Weighted average remaining contractual life (in years)	Weighted average exercise price

$10.01 — $20.00	154,200	4.29	$	18.79	150,038	4.29	$	18.79
$20.01 — $30.00	548,348	6.18	25.19		324,937	5.77	25.19
$30.01 — $40.00	68,866	6.08	33.32		21,270	5.59	33.32


$60.01 — $70.00	58,500	1.19	60.76		43,875	1.19	60.76

$80.01 — $90.00	25,000	3.60	86.69		6,250	3.60	86.69
$90.01 — $100.00	45,000	3.18	95.67		11,250	3.18	95.67



	899,914				557,620

______________________________________

(1) These options contain market-based and performance-based components as described above.

The following table summarizes the market prices necessary in order for the market-based options to begin to vest:


	Market-based options
Vesting price	Ordinary performance		Extraordinary performance


$50.01 — $60.00	36,726		4,162
$60.01 — $70.00	11,648		6,250
$70.01 — $80.00	—		11,500
$80.01 — $90.00	—		7,362
$90.01 — $100.00	—		5,325
$100.01 — $110.00	—		1,000






$170.01 — $180.00	12,500		—
$180.01 — $190.00	7,500		14,625
Over $190.00	15,000		17,500

Total	83,374		67,724

Weighted average share price	$	55.14	$	50.67

Other Share-Based Awards

The Company’s other share-based and similar types of awards are composed of restricted shares and restricted share units. The restricted shares and restricted share units are composed of a combination of service-based awards, performance-based awards and market-based awards.

Service-Based Awards. These awards generally vest over two to four year periods with (a) vesting in equal annual installments, or (b) vesting of all of the restricted shares and restricted share units at the end of the vesting period. A total of 403 thousand service-based awards were outstanding as of December 31, 2020. Beginning in 2019, service-based restricted share units were awarded as a component of most employees’ annual incentive compensation.

Performance-Based Awards. These awards generally vest if certain specific financial measures are achieved; generally one-third vests on each anniversary of the grant date or the awards cliff-vest on the third anniversary of the grant date. The number of performance-based restricted shares and restricted share units that may vest will be based on the level of achievement, as specified in the award agreements. If the performance criteria achieved is above certain financial performance levels, participants have the opportunity to vest in up to 150% of the restricted share unit award for certain awards. If the performance criteria achieved is below a certain thresholds, the award is canceled. A total of 213 thousand performance-based awards were outstanding as of December 31, 2020.

Market-Based Awards. 50% of these awards generally vest if certain specific market conditions are achieved over a 30-day period and the remaining 50% of these awards generally vest on the one year anniversary of the initial vesting. The

Company estimates the grant date fair value of these awards using a lattice (binomial) model. A total of 194 thousand market-based awards were outstanding as of December 31, 2020.

Performance-Based and Market-Based Awards. These awards generally vest if certain specific financial measures are achieved and if certain specific market conditions are achieved. If the performance criteria achieved is above certain financial performance levels and Altisource’s share performance is above certain established criteria, participants have the opportunity to vest in up to 300% of the restricted share unit award for certain awards. If the performance criteria or the market criteria is below certain thresholds, the award is canceled. The Company estimates the grant date fair value of these awards using a Monte Carlo simulation model. A total of 69 thousand performance-based and market-based awards were outstanding as of December 31, 2020.

The Company granted 609 thousand restricted share units (at a weighted average grant date fair value of $13.47 per share) during the year ended December 31, 2020. These grants include 82 thousand performance-based awards that include both a performance condition and a market condition, and 194 thousand market-based awards for the year ended December 31, 2020. The Company granted 68 thousand performance-based awards that include both a performance condition and a market condition for the year ended December 31, 2019 (no comparative amounts for the year ended December 31, 2018). There were no market-based awards granted for the years ended December 31, 2019 and 2018.

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


			Number of restricted shares and restricted share units

Outstanding as of December 31, 2019			636,146
Granted			608,695
Issued			(210,556)
Forfeited/canceled			(155,764)

Outstanding as of December 31, 2020			878,521

The following assumptions were used to determine the fair values for the performance-based awards that include both a performance condition and a market condition, and fair values for market-based awards as of the grant date for the years ended December 31:


	2020		2019
	Monte Carlo	Binomial	Monte Carlo	Binomial

Risk-free interest rate (%)	2.47	0.09 – 0.27	2.47	—
Expected stock price volatility (%)	17.72	80.36	58.90	—
Expected dividend yield	—	—	—	—
Expected life (in years)	3	2	3	0
Fair value	$—	$12.58	$20.54	$—

In 2018, the Company modified the vesting condition to remove the requirement that a certain employee be employed by the Company in order for the restricted shares to vest for 31 thousand restricted shares granted in the fourth quarter of 2017 and the first quarter of 2018. The award modification did not change the inputs into the valuation model or the Company’s assessment of the probability of vesting as of the effective date of the modifications. Consequently, no incremental compensation expense was required as a result of this modification.

During the year ended December 31, 2019, Pointillist issued 1.1 million shares of its common stock, or 12.1% of Pointillist equity to Pointillist management in exchange for their services. The fair value of the Pointillist shares of $0.9 million was recognized as share-based compensation expense for the year ended December 31, 2019.

REVENUE

12 Months Ended

Dec. 31, 2020

Revenues [Abstract]

REVENUE

We classify revenue in three categories: service revenue, revenue from reimbursable expenses and non-controlling interests. Service revenue consists of amounts attributable to our fee-based services and sales of short-term investments in real estate. 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 that we pass directly on to our customers without a markup. Non-controlling interests represent the earnings of Lenders One, a consolidated entity that is a mortgage cooperative managed, but not owned, by Altisource. The Lenders One members’ earnings are included in revenue and reduced from net income to arrive at net income attributable to Altisource (see Note 2). Our services are provided to customers located in the United States. The components of revenue were as follows for the years ended December 31:


(in thousands)	2020		2019		2018

Service revenue	$	347,313	$	621,866	$	805,480
Reimbursable expenses	16,285		24,172		30,039
Non-controlling interests	1,949		2,613		2,683

Total	$	365,547	$	648,651	$	838,202

The Company adopted ASU No. 2014-09, Revenue from Contracts from Customers (Topic 606), and related interpretations (“Topic 606”), effective January 1, 2018 retrospectively with the cumulative effect recognized on the date of initial application (the modified retrospective approach) for all contracts. As a result of this adoption, the Company recognized an $11.2 million increase in deferred revenue, a $1.1 million increase in unbilled accounts receivable, a $0.3 million increase in other current liabilities and a $10.4 million decrease in retained earnings as of January 1, 2018.

Disaggregation of Revenue

Disaggregation of total revenues by major source is as follows:


(in thousands)	Revenue recognized when services are performed or assets are sold		Revenue related to technology platforms and professional services		Reimbursable expenses revenue		Total revenue

For the year ended December 31, 2020	$	332,084	$	17,178	$	16,285	$	365,547
For the year ended December 31, 2019	579,929		44,550		24,172		648,651
For the year ended December 31, 2018	719,739		88,424		30,039		838,202

Contract Balances

Our contract assets consist of unbilled accounts receivable (see Note 6). Our contract liabilities consist of current deferred revenue and other non-current liabilities as reported on the accompanying consolidated balance sheets. Revenue recognized that was included in the contract liability at the beginning of the period was $4.8 million, $9.8 million and $20.6 million for the years ended December 31, 2020, 2019 and 2018, respectively.

- Definition

The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-URI http://asc.fasb.org/topic&trid=49130388

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 10
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130551-203045

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 13
-Subparagraph (b)(2)
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130556-203045

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 12
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130554-203045

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 9
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130550-203045

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 12
-Subparagraph (e)
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130554-203045

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 12
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130554-203045

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 12
-Subparagraph (d)
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130554-203045

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 15
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130558-203045

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 12
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130554-203045

+ Details

COST OF REVENUE

12 Months Ended

Dec. 31, 2020

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, cost of real estate sold, reimbursable expenses, technology and telecommunications costs as well as depreciation and amortization of operating assets. The components of cost of revenue were as follows for the years ended December 31:


(in thousands)	2020		2019		2018

Compensation and benefits	$	94,365	$	135,502	$	200,486
Outside fees and services	146,322		240,796		278,380
Technology and telecommunications	35,912		36,302		41,588
Reimbursable expenses	16,285		24,172		30,039
Depreciation and amortization	12,310		13,721		24,013
Cost of real estate sold	—		42,763		47,659

Total	$	305,194	$	493,256	$	622,165

SELLING, GENERAL AND ADMINISTRATIVE EXPENSES

12 Months Ended

Dec. 31, 2020

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, sales and marketing, finance, law, compliance, human resources, vendor management, facilities and risk management roles. This category also includes professional services fees, occupancy costs, marketing costs, depreciation and amortization of non-operating assets and other expenses. The components of selling, general and administrative expenses were as follows for the years ended December 31:


(in thousands)	2020		2019		2018

Compensation and benefits	$	35,521	$	49,875	$	51,043
Occupancy related costs	19,363		26,042		30,851
Amortization of intangible assets	14,720		19,021		28,412
Professional services	11,444		14,975		16,950
Marketing costs	3,325		11,212		14,707
Depreciation and amortization	2,580		4,788		6,786
Other	5,783		15,163		26,921

Total	$	92,736	$	141,076	$	175,670

OTHER INCOME (EXPENSE), NET

12 Months Ended

Dec. 31, 2020

Other Income and Expenses [Abstract]

OTHER INCOME (EXPENSE), NET

Other income (expense), net consists of the following for the years ended December 31:


(in thousands)	2020		2019		2018

Interest income	$	114	$	342	$	740
Loss on debt refinancing	—		—		(4,434)
Other, net	261		1,006		1,824

Total	$	375	$	1,348	$	(1,870)

INCOME TAXES

12 Months Ended

Dec. 31, 2020

Income Tax Disclosure [Abstract]

INCOME TAXES

The components of income before income taxes and non-controlling interests consist of the following for the years ended December 31:


(in thousands)	2020		2019		2018

Domestic - Luxembourg	$	(50,821)	$	8,919	$	(22,513)
Foreign - U.S.	(13,243)		(12,602)		8,398
Foreign - non-U.S.	6,359		16,122		15,514

Total	$	(57,705)	$	12,439	$	1,399

The income tax (provision) benefit consists of the following for the years ended December 31:


(in thousands)	2020		2019		2018

Current:
Domestic - Luxembourg	$	(2,158)	$	—	$	(275)
Foreign - U.S. federal	4,992		187		(1,838)
Foreign - U.S. state	(322)		(174)		(336)
Foreign - non-U.S.	(6,088)		(10,970)		(7,440)

	$	(3,576)	$	(10,957)	$	(9,889)
Deferred:
Domestic - Luxembourg	$	224	$	(308,657)	$	4,927
Foreign - U.S. federal	(2,808)		329		291
Foreign - U.S. state	(465)		341		(134)
Foreign - non-U.S.	(1,984)		648		707

	$	(5,033)	$	(307,339)	$	5,791

Income tax (provision) benefit	$	(8,609)	$	(318,296)	$	(4,098)

We operate under a tax holiday in Uruguay. The Philippines and India tax holidays expired on June 30, 2019 and March 31, 2019 with the election of the reduced income tax rate, respectively. We operate in a Uruguay free trade zone that provides an indefinite future tax benefit. The tax holiday is conditioned upon our meeting certain employment and investment thresholds. The impact of these tax holidays decreased foreign taxes by $0.1 million ($0.01 per diluted share), $0.3 million ($0.02 per diluted share) and $0.7 million ($0.04 per diluted share) for the years ended December 31, 2020, 2019 and 2018, respectively.

The Company accounts for certain income and expense items differently for financial reporting purposes and income tax purposes. We recognize deferred income tax assets and liabilities for these differences between the financial reporting basis and the tax basis of our assets and liabilities as well as expected benefits of utilizing net operating loss and credit carryforwards. We measure deferred income tax assets and liabilities using enacted tax rates expected to apply to taxable income in the years in which we expect to recover or settle those temporary differences.

A summary of the tax effects of the temporary differences is as follows for the years ended December 31:


(in thousands)	2020		2019

Non-current deferred tax assets:
Net operating loss carryforwards	$	353,358	$	338,403
U.S. federal and state tax credits	242		189
Other non-U.S. deferred tax assets	11,327		13,980
Share-based compensation	1,658		2,010
Accrued expenses	1,205		2,691
Unrealized losses	10,351		9,011
Other	—		526
Non-current deferred tax liabilities:
Intangible assets	(8,133)		(8,325)
Depreciation	(441)		(302)
Other non-U.S. deferred tax liability	(7)		(998)
Other	(736)		—
	368,824		357,185

Valuation allowance	(372,227)		(355,559)

Non-current deferred tax (liabilities) assets, net	$	(3,403)	$	1,626

A valuation allowance is provided when it is deemed more likely than not that some portion or all of a deferred tax asset will not be realized. In determining whether a valuation allowance is needed requires an extensive analysis of positive and negative evidence regarding realization of the deferred tax assets and, inherent in that, an assessment of the likelihood of sufficient future taxable income. When there is a cumulative pretax loss for financial reporting for the current and two preceding years (i.e., a three year cumulative loss), this is a significant element of negative evidence that would be difficult to overcome on a more likely than not or any other basis. Therefore, the Company recorded a valuation allowance of $372.2 million and $355.6 million for the year ending December 31, 2020 and 2019, respectively.

Previously, the Company has not recognized deferred taxes on cumulative earnings of non-Luxembourg affiliates. In 2019 with the sale of the NCI business and the impending closure of the Philippines, taxes of $0.9 million were provided on the Philippines earnings. In 2020, the Company recognized income tax expense on $68 million of accumulated earnings in India that had previously been considered indefinitely reinvested. The Company also recognized income tax expense on 2020 earnings in India. The Company continues to remain indefinitely reinvested in all other non-Luxembourg earning not previously discussed. The other non-Luxembourg earnings reinvested as of December 31, 2020 were approximately $13.8 million, which if distributed would result in additional tax due totaling approximately $0.5 million.

The Company had a deferred tax asset of $353.4 million as of December 31, 2020 relating to Luxembourg, U.S. federal, state and foreign net operating losses compared to $338.4 million as of December 31, 2019. As of December 31, 2020 and 2019, a valuation allowance of $349.8 million and $337.7 million, respectively, has been established related to Luxembourg net operating loss (“NOL”), a valuation allowance of $0.8 million and $0.5 million, respectively, has been established related to state NOLs and a valuation allowance of $2.4 million and $0.1 million, respectively, has been established related to U.S. federal NOLs. The gross amount of net operating losses available for carryover to future years is approximately $1,415.9 million as of December 31, 2020 and approximately $1,355.4 million as of December 31, 2019. These losses are scheduled to expire between the years 2023 and 2040.

The deferred tax asset created from the sale of the Financial Services Business was adjusted to reflect the final capital loss balance of $10.4 million in the U.S. Because it is not more likely than not the Company will have sufficient taxable income of the appropriate character (a capital gain) in the carryforward period, a full valuation allowance has been established related to the capital loss.

On September 20, 2019, the corporate income tax rate in India lowered from 34.94% to 25.17% retroactive to April 1, 2019. The Company remeasured certain deferred tax assets and liabilities based on the rates at which they are expected to reverse in the future. As of December 31, 2020, the amount recorded related to remeasurement of our deferred tax balance was $1.4 million.

On April 25, 2019, the Luxembourg Parliament voted to approve the 2019 Budget Law. The new legislation reduced the overall effective corporate income tax rate from 26.01% to 24.94% for accounting periods beginning on or after January 1,

2019. The Company remeasured certain deferred tax assets and liabilities based on the rates at which they are expected to reverse in the future, which is generally 24.94%. As of December 31, 2019, the amount recorded related to remeasurement of our deferred tax balance was $14.0 million.

In addition, the Company had a deferred tax asset of $0.9 million and $0.6 million as of December 31, 2020 and 2019, respectively, relating to state tax credits. Some of the state tax credit carryforwards have an indefinite carryforward period.

The Company is taking advantage of the Coronavirus Aid, Relief, and Economic Security (“CARES”) Act signed into law on March 27, 2020 by utilizing a five year carryback of the full net operating loss generated in the U.S. in 2020. The CARES Act allows a five year carryback of the $14.8 million net operating loss generated in the U.S. in 2020

The effective tax rate differs from the Luxembourg statutory tax rate due to tax rate differences on foreign earnings, increases in uncertain tax positions, state taxes, remeasurement of deferred tax assets related to tax rate changes, a decrease in unrecognized tax benefits and a valuation allowance against deferred tax assets the Company believes it is more likely than not will not be realized

The following table reconciles the Luxembourg statutory tax rate to our effective tax rate for the years ended December 31:


	2020		2019		2018

Statutory tax rate	24.94	%	24.94	%	26.01	%
Change in valuation allowance	(29.79)		2,526.53		43.08
State tax expense	(1.25)		(1.63)		28.58
Tax credits	0.10		—		—
Uncertain tax positions	(2.94)		39.60		114.18
Unrecognized tax loss	—		(67.18)		—
Income tax rate change	(2.40)		—		—
Tax rate differences on foreign earnings	(6.62)		28.75		73.11
Other	3.04		7.85		7.96

Effective tax rate	(14.92)	%	2,558.86	%	292.92	%

The Company follows ASC Topic 740 which clarifies the accounting and disclosure for uncertainty in tax positions. We analyzed our tax filing positions in the domestic and foreign tax jurisdictions where we are required to file income tax returns as well as for all open tax years subject to audit in these jurisdictions. The Company has open tax years in the United States (2017 through 2019), India (2011 through 2019) and Luxembourg (2014 through 2018).

The following table summarizes changes in unrecognized tax benefits during the years ended December 31:


(in thousands)	2020		2019

Amount of unrecognized tax benefits as of the beginning of the year	$	9,767	$	9,687
Decreases as a result of tax positions taken in a prior period	(2,591)		(192)
Increases as a result of tax positions taken in a prior period	767		22
Increases as a result of tax positions taken in the current period	598		250

Amount of unrecognized tax benefits as of the end of the year	$	8,541	$	9,767

The total amount of unrecognized tax benefits including interest and penalties that, if recognized, would affect the effective tax rate is $13.2 million and $13.5 million as of December 31, 2020 and 2019, respectively. The Company recognizes interest, if any, related to unrecognized tax benefits as a component of income tax expense. As of December 31, 2020 and 2019, the Company had recorded accrued interest and penalties related to unrecognized tax benefits of $4.6 million and $3.7 million, respectively.

- Definition

The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.

+ References + Details

LOSS PER SHARE

12 Months Ended

Dec. 31, 2020

Earnings Per Share [Abstract]

LOSS PER SHARE

LOSS PER SHAREBasic loss per share is computed by dividing net loss available to common shareholders by the weighted average number of common shares outstanding for the period. Diluted loss per share reflects the assumed conversion of all dilutive securities using the treasury stock method. Diluted net loss per share excludes all dilutive securities because their impact would be anti-dilutive, as described below.

Basic and diluted loss per share are calculated as follows for the years ended December 31:


(in thousands, except per share data)	2020		2019		2018

Net loss attributable to Altisource	$	(67,156)	$	(307,969)	$	(5,382)

Weighted average common shares outstanding, basic	15,598		15,991		17,073


Weighted average common shares outstanding, diluted	15,598		15,991		17,073

Loss per share:
Basic	$	(4.31)	$	(19.26)	$	(0.32)
Diluted	$	(4.31)	$	(19.26)	$	(0.32)

For the years ended December 31, 2020, 2019 and 2018, 1.6 million, 1.6 million and 1.2 million, respectively, stock options, restricted shares and restricted share units were excluded from the computation of loss per share, as a result of the following:

•As a result of the net loss attributable to Altisource for the years ended December 31, 2020, 2019 and 2018, 0.2 million, 0.3 million and 0.5 million, respectively, stock options, restricted shares and restricted share units in each period were excluded from the computation of diluted loss per share, as their impacts were anti-dilutive

•For the years ended December 31, 2020, 2019 and 2018, 0.5 million, 0.5 million and 0.3 million, respectively, stock options were anti-dilutive and have been excluded from the computation of diluted loss per share because their exercise price was greater than the average market price of our common stock

•For the years ended December 31, 2020, 2019 and 2018, 0.9 million, 0.8 million and 0.5 million, respectively, stock options, restricted shares and restricted share units, which begin to vest upon the achievement of certain market criteria related to our common stock price, performance criteria and an annualized rate of return to shareholders that have not yet been met in each period have been excluded from the computation of diluted loss per share.

RESTRUCTURING CHARGES	12 Months Ended
RESTRUCTURING CHARGES	Dec. 31, 2020
Restructuring Charges [Abstract]
RESTRUCTURING CHARGES	RESTRUCTURING CHARGES In August 2018, Altisource initiated Project Catalyst, a project intended to optimize its operations and reduce costs to better align its cost structure with its anticipated revenues and improve its operating margins (finalized in 2020). During the years ended December 31, 2020, 2019 and 2018, Altisource incurred $12.0 million, $14.1 million and $11.6 million, respectively, of severance costs, professional services fees, facility consolidation costs, technology costs and business wind down costs related to the reorganization plan.

COMMITMENTS, CONTINGENCIES AND REGULATORY MATTERS

12 Months Ended

Dec. 31, 2020

Commitments and Contingencies Disclosure [Abstract]

COMMITMENTS, CONTINGENCIES AND REGULATORY MATTERS

We record a liability for contingencies 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.

Litigation

We are currently 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.

Sales Taxes

On June 21, 2018, the United States Supreme Court rendered a 5-4 majority decision in South Dakota v. Wayfair, Inc., holding that a state may require a remote seller with no physical presence in the state to collect and remit sales tax on goods and services provided to purchasers in the state, overturning existing court precedent. During the year ended December 31, 2019,

the Company completed the analysis of its services for potential exposure to sales tax in various jurisdictions in the United States. The Company recognized a $(2.7) million loss reimbursement, $0.3 million and $6.2 million net loss for the years ended December 31, 2020, 2019 and 2018, respectively, in selling, general and administrative expenses in the accompanying consolidated statements of operations and comprehensive loss. The Company began invoicing, collecting and remitting sales tax in applicable jurisdictions in 2019. Future changes in our estimated sales tax exposure could result in a material adjustment to our consolidated financial statements, which would impact our financial condition and results of operations.

Ocwen Related Matters

As discussed in Note 3, during the year ended December 31, 2020, Ocwen was our largest customer, accounting for 54% of our total revenue. Additionally, 7% of our revenue for the year ended December 31, 2020 was earned on the loan portfolios serviced by Ocwen, when a party other than Ocwen or the MSR owner 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, subpoenas, civil investigative demands, requests for information and other actions and is subject to pending and threatened legal proceedings, some of which include claims against Ocwen for substantial monetary damages. In addition to monetary damages, various complaints have sought to obtain injunctive relief, consumer redress, refunds, restitution, disgorgement, civil penalties, costs and fees and other relief. Existing or future similar matters could result in, and in some cases, have resulted in, adverse regulatory or other actions against Ocwen. Previous regulatory actions against Ocwen have subjected Ocwen to independent oversight of its operations and placed certain restrictions on its ability to acquire servicing rights. In addition to the above, Ocwen may become subject to future adverse regulatory or other actions.

Ocwen has disclosed that NRZ is its largest client. As of December 31, 2020, NRZ MSRs or rights to MSRs relating to approximately 36% of loans serviced and subserviced by Ocwen (measured in UPB). In July 2017 and January 2018, Ocwen and NRZ entered into a series of agreements pursuant to which the parties agreed, among other things, to undertake certain actions to facilitate the transfer from Ocwen to NRZ of Ocwen’s legal title to the Subject MSRs and under which Ocwen will subservice mortgage loans underlying the MSRs for an initial term of five years. NRZ can terminate its sub-servicing agreement with Ocwen in exchange for the payment of a termination fee.

The existence or outcome of Ocwen regulatory matters or the termination of the NRZ sub-servicing agreement with Ocwen may have significant adverse effects on Ocwen’s business and/or our continuing relationship with Ocwen. For example, Ocwen may be required to alter the way it conducts business, including the parties it contracts with for services, it may be required to seek changes to its existing pricing structure with us, it may lose its non-government-sponsored enterprise (“GSE”) servicing rights or subservicing arrangements or may lose one or more of its state servicing or origination 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 and others 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.

During the second quarter of 2020, Ocwen informed us that an MSR investor instructed Ocwen to use a field services provider other than Altisource on properties associated with certain MSRs. Based upon the impacted portfolios to date and the designated service provider, Altisource believes that Ocwen received these directions from NRZ. We believe Ocwen commenced using another field services provider for these properties in July 2020 and continued to transition services during the third quarter of 2020. We believe that the transition to the replacement field service provider was largely completed as of September 30, 2020. We estimate that $70.1 million, $150.2 million and $171.0 million of service revenue from Ocwen for the year ended December 31, 2020, 2019 and 2018, respectively, was derived from Field Services referrals from the NRZ portfolios. Ocwen also communicated to Altisource in the fourth quarter of 2020 that the same investor instructed Ocwen to use a provider for default valuations and certain default title services other than Altisource on properties associated with such certain MSRs and commenced moving these referrals to other service providers in the fourth quarter of 2020. We anticipate that the transition of such default valuations and title services will continue during the course of 2021. We estimate that $18.2 million, $33.2 million and $40.1 million of service revenue from Ocwen for the year ended December 31, 2020, 2019 and 2018, respectively, was derived from default valuations and title services referrals from the NRZ portfolios. Altisource believes that any action taken by Ocwen to redirect these service referrals breaches Altisource's agreement with Ocwen. We are currently in discussions with Ocwen to address this matter, and have reserved all of our rights with respect to this matter.

To address the reduction in revenue, Altisource is undertaking several measures to further reduce its cost structure and strengthen its operations.

In addition to expected reductions in our revenue from the transition of referrals for default related services previously identified, if any of the following events occurred, Altisource’s revenue could be further significantly reduced and our results of operations could 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 an additional significant reduction in the volume of services they purchase from us

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

•The contractual relationship between Ocwen and NRZ changes significantly and this change results in a change in our status as a provider of services related to the Subject MSRs

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

•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

•Altisource otherwise fails to be retained as a service provider

Management cannot predict whether any of these events will occur or the amount of any impact they may have on Altisource. However, we are focused on diversifying and growing our revenue and customer base and we have a sales and marketing strategy to support these efforts. Moreover, in the event one or more of these events materially negatively impact Altisource, we believe the variable nature of our cost structure would allow us to realign our cost structure to address some of the impact to revenue and that current liquidity would be sufficient to meet our working capital, capital expenditures, debt service and other cash needs. There can be no assurance that our plans will be successful or our operations will be profitable.

Leases

In February 2016, the FASB issued ASU No. 2016-02, Leases (Topic 842) and in July 2018, the FASB issued ASU No. 2018-10, Codification Improvements to Topic 842, Leases and ASU No. 2018-11, Leases (Topic 842): Targeted Improvements (collectively “Topic 842”). Topic 842 introduced a new lessee model that brings substantially all leases on the balance sheet. The Company adopted Topic 842 effective January 1, 2019 using the modified retrospective transition approach. In addition, the Company elected the practical expedients permitted under the transition guidance within the new standard, including allowing the Company to carry forward its historical lease classification, using hindsight to determine the lease term for existing leases, combining fixed lease and non-lease components and excluding short-term leases. Adoption of this new standard resulted in the recognition of $42.1 million of right-of-use assets in right-of-use assets under operating leases, $45.5 million of operating lease liabilities ($16.7 million in other current liabilities and $28.8 million in other non-current liabilities) and reduced accrued rent and lease incentives of $3.4 million in accounts payable and accrued expenses and other non-current liabilities on the accompanying consolidated balance sheets.

We lease certain premises and equipment, primarily consisting of office space and information technology equipment. Certain of our leases include options to renew at our discretion or terminate leases early, and these options are considered in our determination of the expected lease term. Certain of our lease agreements include rental payments adjusted periodically for inflation. Our lease agreements generally do not contain any material residual value guarantees or material restrictive covenants. We sublease certain office space to third parties. Sublease income was $1.4 million, $1.7 million and $1.6 million for the years ended December 31, 2020, 2019 and 2018, respectively. The amortization periods of right-of-use assets are generally limited by the expected lease term. Our leases generally have expected lease terms at adoption of one to six years. As of December 31, 2020, we entered into a five year lease for additional office space which has not yet commenced.

Information about our lease terms and our discount rate assumption is as follows as of December 31:


	2020		2019

Weighted average remaining lease term (in years)	3.18		3.23
Weighted average discount rate	7.01	%	7.11	%

Our lease activity was as follows for the years ended December 31:


(in thousands)	2020		2019

Operating lease costs:
Selling, general and administrative expense	$	9,712	$	10,698
Cost of revenue	1,919		2,757

Cash used in operating activities for amounts included in the measurement of lease liabilities	$	13,113	$	15,446
Short-term (twelve months or less) lease costs	3,797		4,999

Maturities of our lease liabilities as of December 31, 2020 are as follows:


(in thousands)	Operating lease obligations

2021	$	8,268
2022	5,765
2023	4,671
2024	2,901
2025	599

Total lease payments	22,204
Less: interest	(2,314)

Present value of lease liabilities	$	19,890

We have executed three standby letters of credit totaling $0.8 million related to three office leases that are secured by restricted cash balances.

Escrow Balances

We hold customers’ assets in escrow accounts at various financial institutions pending completion of certain real estate activities. These amounts are held in escrow accounts for limited periods of time and are not included in the consolidated balance sheets. Amounts held in escrow accounts were $20.0 million and $12.3 million as of December 31, 2020 and 2019, respectively.

QUARTERLY FINANCIAL DATA (UNAUDITED)

12 Months Ended

Dec. 31, 2020

Quarterly Financial Information Disclosure [Abstract]

QUARTERLY FINANCIAL DATA (UNAUDITED)

The following tables contain selected unaudited statement of operations information for each quarter of 2020 and 2019. The following information reflects all recurring adjustments necessary for a fair presentation of the information for the periods presented. The operating results for any quarter are not necessarily indicative of results for any future period. Our business can be affected by seasonality.


	2020 quarter ended (1)(2)(3)(4)(5)(6)
(in thousands, except per share data)	March 31,		June 30,		September 30,		December 31,

Revenue	$	121,444	$	95,342	$	88,795	$	59,966
Gross profit	26,863		12,714		16,225		4,551
Loss before income taxes and non-controlling interests	(9,124)		(33,747)		(11,140)		(3,695)
Net loss	(11,545)		(34,864)		(12,897)		(7,009)
Net loss attributable to Altisource	(11,650)		(35,061)		(13,237)		(7,208)

Loss per share:
Basic	$	(0.75)	$	(2.25)	$	(0.85)	$	(0.46)
Diluted	$	(0.75)	$	(2.25)	$	(0.85)	$	(0.46)

Weighted average shares outstanding:
Basic	15,497		15,601		15,637		15,657
Diluted	15,497		15,601		15,637		15,657


	2019 quarter ended (1)(2)(3)(4)(5)(7)(8)
(in thousands, except per share data)	March 31,		June 30,		September 30,		December 31,

Revenue	$	169,935	$	196,535	$	141,493	$	140,688
Gross profit	45,720		43,821		30,771		35,083
(Loss) income before income taxes and non-controlling interests	(3,966)		11,909		12,955		(8,459)
Net (loss) income	(2,744)		(4,604)		7,576		(306,085)
Net (loss) income attributable to Altisource	(3,184)		(5,844)		7,165		(306,106)

(Loss) earnings per share:
Basic	$	(0.20)	$	(0.36)	$	0.45	$	(19.66)
Diluted	$	(0.20)	$	(0.36)	$	0.44	$	(19.66)

Weighted average shares outstanding:
Basic	16,292		16,214		15,897		15,568
Diluted	16,292		16,214		16,151		15,568

______________________________________

(1) The sum of quarterly amounts, including per share amounts, may not equal amounts reported for year-to-date periods. This is due to the effects of rounding and changes in the number of weighted average shares outstanding for each period.

(2) The income tax provisions on losses before income taxes and non-controlling interests for each quarter of 2020 were primarily driven by the income in our US and other foreign operations from transfer pricing on services provided to our Luxembourg operating company and no tax benefit on pretax losses from our Luxembourg operating company. During the fourth quarter of 2019, we recognized net income tax provision of $318.3 million, which included an increase in the valuation allowance in connection with the Luxembourg net operating loss carryforward of $291.5 million, the impact of a decrease in the Luxembourg statutory income tax rate on deferred taxes of $1.7 million and foreign income tax reserves of $5.6 million. During the second quarter of 2019, we recognized $12.3 million as a result of the change in the Luxembourg statutory income tax rate on deferred taxes. See Note 22.

(3) During the first quarter of 2020, second quarter of 2020, third quarter of 2020 and fourth quarter of 2020, we recognized unrealized (losses) gains from our investment in RESI common shares of $(1.3) million, $(11.2) million, $0.1 million and $16.4 million, respectively. During the first quarter of 2019, second quarter of 2019, third quarter of 2019 and fourth quarter of 2019, we recognized unrealized gains (losses) from our investment in RESI common shares of $2.2 million, $11.8 million, $(2.3) million and $2.7 million, respectively. See Note 5.

(4) In August 2018, we initiated Project Catalyst, a restructuring plan intended to optimize our operations and reduce costs to align our cost structure with our anticipated revenues and improve our operating margins. During the first quarter of 2020,

second quarter of 2020, third quarter of 2020 and fourth quarter of 2020, we recognized $2.9 million, $5.8 million, $2.2 million and $1.1 million, respectively, of severance costs, professional services fees, facility consolidation costs, technology costs and business wind down costs related to the restructuring plan. During the first quarter of 2019, second quarter of 2019, third quarter of 2019 and fourth quarter of 2019, we recognized $4.4 million, $1.9 million, $2.8 million and $5.0 million, respectively, of severance costs, professional services fees, facility consolidation costs, technology costs and business wind down costs related to the restructuring plan. See Note 24.

(5) In connection with a United States Supreme Court decision in June 2018, we analyzed our services for potential exposure to sales tax in various jurisdictions in the United States and recognized a net loss reimbursement of $(0.6) million and $(2.1) million for the third and fourth quarter of 2020, respectively. In addition, we recognized a net (loss reimbursement) loss of $2.1 million and $(1.7) million in the first and third quarter of 2019, respectively. See Note 25.

(6) During the third quarter of 2020 we recognized $0.7 million of severance in connection with cost savings initiatives (no comparable amounts in 2019).

(7) In July 2019, we sold the Financial Services Business to TSI for $44.0 million consisting of an up-front payment of $40.0 million, subject to a working capital adjustment and transaction costs upon closing of the sale, and an additional $4.0 million payment on the one year anniversary of the sale closing. We recognized a $17.6 million pretax gain on sale in the third quarter of 2019 and a working capital true-up gain of an additional $0.3 million in the fourth quarter of 2019. See Note 4.

(8) In connection with the wind down of Owners.com, we wrote off $5.2 million of goodwill and $0.7 million of intangible assets during the fourth quarter of 2019. In November 2018, we announced our plans to sell the BRS Inventory and discontinue the BRS business. During the second quarter of 2019, we recognized a loss on the sale of the BRS Inventory of $1.8 million. See Note 8.

SCHEDULE II. VALUATION AND QUALIFYING ACCOUNTS

12 Months Ended

Dec. 31, 2020

SEC Schedule, 12-09, Valuation and Qualifying Accounts [Abstract]

SCHEDULE II. VALUATION AND QUALIFYING ACCOUNTS

For the years ended December 31, 2020, 2019 and 2018:


			Additions
(in thousands)	Balance at Beginning of Period		Charged to Expenses		Charged to Other Accounts Note (1)		Deductions Note (2)		Balance at End of Period

Deductions from asset accounts:

Allowance for doubtful accounts and expected credit losses:

Year 2020	$	4,472	$	2,229	$	—	$	1,120	$	5,581
Year 2019	10,883		720		(70)		7,061		4,472
Year 2018	10,579		2,830		(7)		2,519		10,883

Valuation allowance for deferred tax assets:

Year 2020	$	355,559	$	16,668	$	—	$	—	$	372,227
Year 2019	46,751		308,808		—		—		355,559
Year 2018	46,283		468		—		—		46,751

______________________________________

(1) For allowance for credit losses, primarily includes amounts previously written off which were credited directly to this account when recovered.

(2) For allowance for credit losses, amounts written off as uncollectible or transferred to other accounts or utilized.

BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)

12 Months Ended

Dec. 31, 2020

Accounting Policies [Abstract]

Basis of Accounting and Presentation

Principles of Consolidation

The financial statements include the accounts of the Company, its wholly-owned subsidiaries and those entities in which we have a variable interest and are the primary beneficiary.

Use of Estimates

Cash and Cash Equivalents

We classify all highly liquid instruments with an original maturity of three months or less at the time of purchase as cash equivalents.

Accounts Receivable, Net

Premises and Equipment, Net


Furniture and fixtures			5 years
Office equipment			5 years
Computer hardware			3-5 years
Computer software			3-7 years
Leasehold improvements			Shorter of useful life, 10 years or the term of the lease

Business Combinations

Business CombinationsWe account for acquisitions using the purchase method of accounting in accordance with Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) Topic 805, Business Combinations. The purchase price of an acquisition is allocated to the assets acquired and liabilities assumed using their fair value as of the acquisition date.

Goodwill

GoodwillGoodwill represents the excess cost of an acquired business over the fair value of the identifiable tangible and intangible assets acquired and liabilities assumed in a business combination. We evaluate goodwill for impairment annually during the fourth quarter or more frequently when an event occurs or circumstances change in a manner that indicates the carrying value may not be recoverable. We first assess qualitative factors to determine whether it is more likely than not that the fair value of a reporting unit is less than its carrying value as a basis for determining whether we need to perform the quantitative goodwill impairment test. Only if we determine, based on qualitative assessment, that it is more likely than not that a reporting unit’s fair value is less than its carrying value will we calculate the fair value of the reporting unit. We would then test goodwill for impairment by comparing the fair value of the reporting unit with its carrying amount. If the fair value is determined to be less than its carrying amount, we recognize an impairment charge for the amount by which the carrying amount exceeds the reporting unit’s fair value; however, the loss recognized should not exceed the total amount of goodwill allocated to that reporting unit. We estimate the fair value of the reporting unit using discounted cash flows and market comparisons. The discounted cash flow method is based on the present value of projected cash flows. Forecasts of future cash flows are based on our estimate of future sales and operating expenses, based primarily on estimated pricing, sales volumes, market segment share, cost trends and general economic conditions. The estimated cash flows are discounted using a rate that represents our weighted average cost of capital. The market comparisons include an analysis of revenue and earnings multiples of guideline public companies compared to the Company.

Intangible Assets, Net

Long-Term Debt

Fair Value Measurements

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.

Functional Currency

Defined Contribution 401(k) Plan

Defined Contribution 401(k) PlanSome of our employees currently participate in a defined contribution 401(k) plan under which we may make matching contributions equal to a discretionary percentage determined by us.

Revenue Recognition

Core Businesses

Field Services

•For property preservation and inspection services and payment management technologies, we recognize transactional revenue when the service is provided.

•For vendor management transactions and our vendor management oversight software-as-a-service (“SaaS”) platform, we recognize revenue over the period during which we perform the services.

because generally we have control over selection of vendors and the vendor relationships are with us, rather than with our customers.

Marketplace

Mortgage and Real Estate Solutions

•For the majority of the services we provide, we recognize transactional revenue when the service is provided.

Other Businesses

Earlier Stage Business

Other

•For loan servicing technologies, we recognized revenue based on the number of loans on the system. We generally recognized revenue from professional services over the contract period.

Share-Based Compensation

Income Taxes

Earnings Per Share

Recently Adopted Accounting Pronouncements and Future Adoption of New Accounting Pronouncements

Recently Adopted Accounting Pronouncements

Future Adoption of New Accounting Pronouncements

BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Dec. 31, 2020

Accounting Policies [Abstract]

Schedule of estimated useful lives using the straight-line method


Furniture and fixtures			5 years
Office equipment			5 years
Computer hardware			3-5 years
Computer software			3-7 years
Leasehold improvements			Shorter of useful life, 10 years or the term of the lease

ACCOUNTS RECEIVABLE, NET (Tables)

12 Months Ended

Dec. 31, 2020

Receivables [Abstract]

Schedule of accounts receivable, net

Accounts receivable, net consists of the following as of December 31:


(in thousands)	2020		2019

Billed	$	19,703	$	35,921
Unbilled	8,291		12,166
	27,994		48,087
Less: Allowance for credit losses	(5,581)		(4,472)

Total	$	22,413	$	43,615

PREPAID EXPENSES AND OTHER CURRENT ASSETS (Tables)

12 Months Ended

Dec. 31, 2020

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 as of December 31:


(in thousands)	2020		2019

Maintenance agreements, current portion	$	2,513	$	1,923
Income taxes receivable	7,053		5,098
Prepaid expenses	4,812		3,924
Other current assets	5,101		4,269

Total	$	19,479	$	15,214

PREMISES AND EQUIPMENT, NET (Tables)

12 Months Ended

Dec. 31, 2020

Property, Plant and Equipment [Abstract]

Schedule of premises and equipment, net

Premises and equipment, net consists of the following as of December 31:


(in thousands)	2020		2019

Computer hardware and software	$	52,837	$	144,608
Leasehold improvements	14,792		23,800
Furniture and fixtures	5,882		8,775
Office equipment and other	1,817		4,004
	75,328		181,187
Less: Accumulated depreciation and amortization	(63,434)		(156,661)

Total	$	11,894	$	24,526

Schedule of premises and equipment, net by country

Premises and equipment, net consist of the following, by country, as of December 31:


(in thousands)	2020		2019

United States	$	5,530	$	13,426
Luxembourg	5,451		10,295
India	822		671
Uruguay	91		39
Philippines	—		95

Total	$	11,894	$	24,526

RIGHT-OF-USE ASSETS UNDER OPERATING LEASES, NET (Tables)

12 Months Ended

Dec. 31, 2020

Leases [Abstract]

Right-of-Use Assets Under Operating Leases

Right-of-use assets under operating leases, net consists of the following as of December 31:


(in thousands)	2020		2019

Right-of-use assets under operating leases	$	31,932	$	39,729
Less: Accumulated amortization	(13,719)		(10,655)

Total	$	18,213	$	29,074

GOODWILL AND INTANGIBLE ASSETS, NET (Tables)

12 Months Ended

Dec. 31, 2020

Goodwill and Intangible Assets Disclosure [Abstract]

Summary of changes in goodwill

Changes in goodwill during the years ended December 31, 2020 and 2019 are summarized below:


(in thousands)	Total

Balance as of January 1, 2019	$	81,387
Disposition (1)	(2,378)
Write-off (2)	(5,160)

Balance as of December 31, 2020 and 2019	$	73,849

______________________________________

(1) During 2019, the Company sold the Financial Services Business (see Note 4) which had $2.4 million of goodwill attributed to it.

(2) During 2019, we recorded a $5.2 million write-off of goodwill attributable to the Owners.com business, as a result of our decision to wind down and close the business (see Note 8).

Schedule of intangible assets, net

Intangible assets, net consist of the following as of December 31:


	Weighted average estimated useful life (in years)	Gross carrying amount				Accumulated amortization				Net book value
(in thousands)		2020		2019		2020		2019		2020		2019

Definite lived intangible assets:
Customer related intangible assets	9	$	214,973	$	214,973	$	(187,923)	$	(176,043)	$	27,050	$	38,930
Operating agreement	20	35,000		35,000		(19,126)		(17,376)		15,874		17,624
Trademarks and trade names	16	9,709		9,709		(6,307)		(5,893)		3,402		3,816
Non-compete agreements	4	1,230		1,230		(1,230)		(1,215)		—		15
Intellectual property	—	—		300		—		(175)		—		125
Other intangible assets	5	1,800		3,745		(1,800)		(3,209)		—		536

Total		$	262,712	$	264,957	$	(216,386)	$	(203,911)	$	46,326	$	61,046

OTHER ASSETS (Tables)

12 Months Ended

Dec. 31, 2020

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

Schedule of other assets

Other assets consist of the following as of December 31:


(in thousands)	2020		2019

Security deposits	$	2,416	$	3,473
Restricted cash	3,833		3,842
Other	3,601		3,495

Total	$	9,850	$	10,810

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

12 Months Ended

Dec. 31, 2020

Payables and Accruals [Abstract]

Schedule of accounts payable and accrued expenses

Accounts payable and accrued expenses consist of the following as of December 31:


(in thousands)	2020		2019

Accounts payable	$	16,797	$	22,431
Accrued expenses - general	24,422		24,558
Accrued salaries and benefits	11,226		18,982
Income taxes payable	4,334		1,700

Total	$	56,779	$	67,671

Schedule of other current liabilities

Other current liabilities consist of the following as of December 31:


(in thousands)	2020		2019

Operating lease liabilities	$	7,609	$	11,398
Other	1,696		3,326

Total	$	9,305	$	14,724

LONG-TERM DEBT (Tables)

12 Months Ended

Dec. 31, 2020

Debt Disclosure [Abstract]

Schedule of long-term debt

Long-term debt consists of the following as of December 31:


(in thousands)	2020		2019

Senior secured term loans	$	247,204	$	293,826
Less: Debt issuance costs, net	(2,389)		(3,119)
Less: Unamortized discount, net	(2,159)		(2,825)

Long-term debt	$	242,656	$	287,882

Schedule of maturities of long-term debt

Maturities of our long-term debt are as follows:


(in thousands)	Maturities

2021	$	—
2022	—
2023	—
2024	247,204

	$	247,204

- 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://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.22)
-URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 45
-Paragraph 1A
-URI http://asc.fasb.org/extlink&oid=119993939&loc=d3e28541-108399

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21506-112644

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08.(e),(f))
-URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690

Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 45
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=119993939&loc=d3e28551-108399

Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 7
-URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21521-112644

Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21538-112644

Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 470
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=75038535&loc=d3e64711-112823

Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 55
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=114775985&loc=d3e28878-108400

Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21475-112644

+ Details

OTHER NON-CURRENT LIABILITIES (Tables)

12 Months Ended

Dec. 31, 2020

Other Liabilities Disclosure [Abstract]

Schedule of other non-current liabilities

Other non-current liabilities consist of the following as of December 31:


(in thousands)	2020		2019

Operating lease liabilities	$	12,281	$	19,707
Income tax liabilities	12,414		10,935
Deferred revenue	504		88
Other non-current liabilities	40		286

Total	$	25,239	$	31,016

FAIR VALUE MEASUREMENTS AND FINANCIAL INSTRUMENTS (Tables)

12 Months Ended

Dec. 31, 2020

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:


	December 31, 2020								December 31, 2019
(in thousands)	Carrying amount		Fair value						Carrying amount		Fair value
			Level 1		Level 2		Level 3				Level 1		Level 2		Level 3
Assets:
Cash and cash equivalents	$	58,263	$	58,263	$	—	$	—	$	82,741	$	82,741	$	—	$	—
Restricted cash	3,833		3,833		—		—		3,842		3,842		—		—
Investment in equity securities	—		—		—		—		42,618		42,618		—		—
Long-term receivable	2,531		—		—		2,531		2,371		—		—		2,371

Liabilities:
Senior secured term loan	247,204		—		201,472		—		293,826		—		277,666		—

- Definition

Tabular disclosure of financial instruments measured at fair value, including those classified in shareholders' equity measured on a recurring or nonrecurring basis. Disclosures include, but are not limited to, fair value measurements recorded and the reasons for the measurements, level within the fair value hierarchy in which the fair value measurements are categorized and transfers between levels 1 and 2. Nonrecurring fair value measurements are those that are required or permitted in the statement of financial position in particular circumstances.

+ References + Details

SHAREHOLDERS' EQUITY AND SHARE-BASED COMPENSATION (Tables)

12 Months Ended

Dec. 31, 2020

Share-based Payment Arrangement [Abstract]

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

The following assumptions were used to determine the fair values as of the grant date for the years ended December 31:

2018

Black-Scholes

Binomial

Risk-free interest rate (%)

2.66 – 3.10

1.64 – 3.22

Expected stock price volatility (%)

70.31 – 71.86

71.36 – 71.86

Expected dividend yield

—

Expected option life (in years)

6.00 – 6.25

2.56 – 4.33

Fair value

$16.17 – $19.68

$14.67 – $20.26

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


(in thousands, except per share data)	2020		2019		2018

Weighted average grant date fair value of stock options granted per share	$	—	$	—	$	16.31
Intrinsic value of options exercised	—		54		4,609
Grant date fair value of stock options that vested	2,730		3,053		1,760

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 as of December 31, 2019	1,468,046	$	29.19	4.60	$	94


Forfeited	(568,132)	24.00

Outstanding as of December 31, 2020	899,914	32.47		5.63	—

Exercisable as of December 31, 2020	557,620	28.69		5.45	—

Shares authorized under stock option plans, by exercise price range

The following table summarizes information about stock options outstanding and exercisable as of December 31, 2020:


	Options outstanding				Options exercisable
Exercise price range (1)	Number	Weighted average remaining contractual life (in years)	Weighted average exercise price		Number	Weighted average remaining contractual life (in years)	Weighted average exercise price

$10.01 — $20.00	154,200	4.29	$	18.79	150,038	4.29	$	18.79
$20.01 — $30.00	548,348	6.18	25.19		324,937	5.77	25.19
$30.01 — $40.00	68,866	6.08	33.32		21,270	5.59	33.32


$60.01 — $70.00	58,500	1.19	60.76		43,875	1.19	60.76

$80.01 — $90.00	25,000	3.60	86.69		6,250	3.60	86.69
$90.01 — $100.00	45,000	3.18	95.67		11,250	3.18	95.67



	899,914				557,620

______________________________________

(1) These options contain market-based and performance-based components as described above.

Shares authorized under stock option plans by vesting price range

The following table summarizes the market prices necessary in order for the market-based options to begin to vest:


	Market-based options
Vesting price	Ordinary performance		Extraordinary performance


$50.01 — $60.00	36,726		4,162
$60.01 — $70.00	11,648		6,250
$70.01 — $80.00	—		11,500
$80.01 — $90.00	—		7,362
$90.01 — $100.00	—		5,325
$100.01 — $110.00	—		1,000






$170.01 — $180.00	12,500		—
$180.01 — $190.00	7,500		14,625
Over $190.00	15,000		17,500

Total	83,374		67,724

Weighted average share price	$	55.14	$	50.67

Restricted shares and restricted share units activity

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


			Number of restricted shares and restricted share units

Outstanding as of December 31, 2019			636,146
Granted			608,695
Issued			(210,556)
Forfeited/canceled			(155,764)

Outstanding as of December 31, 2020			878,521

Fair Value of Performance-based Awards


	2020		2019
	Monte Carlo	Binomial	Monte Carlo	Binomial

Risk-free interest rate (%)	2.47	0.09 – 0.27	2.47	—
Expected stock price volatility (%)	17.72	80.36	58.90	—
Expected dividend yield	—	—	—	—
Expected life (in years)	3	2	3	0
Fair value	$—	$12.58	$20.54	$—

REVENUE (Tables)

12 Months Ended

Dec. 31, 2020

Revenues [Abstract]

Schedule of revenue

The components of revenue were as follows for the years ended December 31:


(in thousands)	2020		2019		2018

Service revenue	$	347,313	$	621,866	$	805,480
Reimbursable expenses	16,285		24,172		30,039
Non-controlling interests	1,949		2,613		2,683

Total	$	365,547	$	648,651	$	838,202

Disaggregation of revenue

Disaggregation of total revenues by major source is as follows:


(in thousands)	Revenue recognized when services are performed or assets are sold		Revenue related to technology platforms and professional services		Reimbursable expenses revenue		Total revenue

For the year ended December 31, 2020	$	332,084	$	17,178	$	16,285	$	365,547
For the year ended December 31, 2019	579,929		44,550		24,172		648,651
For the year ended December 31, 2018	719,739		88,424		30,039		838,202

COST OF REVENUE (Tables)

12 Months Ended

Dec. 31, 2020

Cost of Revenue [Abstract]

Schedule of components of cost of revenue

The components of cost of revenue were as follows for the years ended December 31:


(in thousands)	2020		2019		2018

Compensation and benefits	$	94,365	$	135,502	$	200,486
Outside fees and services	146,322		240,796		278,380
Technology and telecommunications	35,912		36,302		41,588
Reimbursable expenses	16,285		24,172		30,039
Depreciation and amortization	12,310		13,721		24,013
Cost of real estate sold	—		42,763		47,659

Total	$	305,194	$	493,256	$	622,165

SELLING, GENERAL AND ADMINISTRATIVE EXPENSES (Tables)

12 Months Ended

Dec. 31, 2020

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 for the years ended December 31:


(in thousands)	2020		2019		2018

Compensation and benefits	$	35,521	$	49,875	$	51,043
Occupancy related costs	19,363		26,042		30,851
Amortization of intangible assets	14,720		19,021		28,412
Professional services	11,444		14,975		16,950
Marketing costs	3,325		11,212		14,707
Depreciation and amortization	2,580		4,788		6,786
Other	5,783		15,163		26,921

Total	$	92,736	$	141,076	$	175,670

OTHER INCOME (EXPENSE), NET (Tables)

12 Months Ended

Dec. 31, 2020

Other Income and Expenses [Abstract]

Schedule of other income (expense), net

Other income (expense), net consists of the following for the years ended December 31:


(in thousands)	2020		2019		2018

Interest income	$	114	$	342	$	740
Loss on debt refinancing	—		—		(4,434)
Other, net	261		1,006		1,824

Total	$	375	$	1,348	$	(1,870)

INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2020

Income Tax Disclosure [Abstract]

Schedule of income before income tax, domestic and foreign

The components of income before income taxes and non-controlling interests consist of the following for the years ended December 31:


(in thousands)	2020		2019		2018

Domestic - Luxembourg	$	(50,821)	$	8,919	$	(22,513)
Foreign - U.S.	(13,243)		(12,602)		8,398
Foreign - non-U.S.	6,359		16,122		15,514

Total	$	(57,705)	$	12,439	$	1,399

Schedule of income tax provision (benefit)

The income tax (provision) benefit consists of the following for the years ended December 31:


(in thousands)	2020		2019		2018

Current:
Domestic - Luxembourg	$	(2,158)	$	—	$	(275)
Foreign - U.S. federal	4,992		187		(1,838)
Foreign - U.S. state	(322)		(174)		(336)
Foreign - non-U.S.	(6,088)		(10,970)		(7,440)

	$	(3,576)	$	(10,957)	$	(9,889)
Deferred:
Domestic - Luxembourg	$	224	$	(308,657)	$	4,927
Foreign - U.S. federal	(2,808)		329		291
Foreign - U.S. state	(465)		341		(134)
Foreign - non-U.S.	(1,984)		648		707

	$	(5,033)	$	(307,339)	$	5,791

Income tax (provision) benefit	$	(8,609)	$	(318,296)	$	(4,098)

Summary of tax effects of the temporary differences

A summary of the tax effects of the temporary differences is as follows for the years ended December 31:


(in thousands)	2020		2019

Non-current deferred tax assets:
Net operating loss carryforwards	$	353,358	$	338,403
U.S. federal and state tax credits	242		189
Other non-U.S. deferred tax assets	11,327		13,980
Share-based compensation	1,658		2,010
Accrued expenses	1,205		2,691
Unrealized losses	10,351		9,011
Other	—		526
Non-current deferred tax liabilities:
Intangible assets	(8,133)		(8,325)
Depreciation	(441)		(302)
Other non-U.S. deferred tax liability	(7)		(998)
Other	(736)		—
	368,824		357,185

Valuation allowance	(372,227)		(355,559)

Non-current deferred tax (liabilities) assets, net	$	(3,403)	$	1,626

Schedule of the reconciliation of income tax provision to the Luxembourg statutory income tax rate

The following table reconciles the Luxembourg statutory tax rate to our effective tax rate for the years ended December 31:


	2020		2019		2018

Statutory tax rate	24.94	%	24.94	%	26.01	%
Change in valuation allowance	(29.79)		2,526.53		43.08
State tax expense	(1.25)		(1.63)		28.58
Tax credits	0.10		—		—
Uncertain tax positions	(2.94)		39.60		114.18
Unrecognized tax loss	—		(67.18)		—
Income tax rate change	(2.40)		—		—
Tax rate differences on foreign earnings	(6.62)		28.75		73.11
Other	3.04		7.85		7.96

Effective tax rate	(14.92)	%	2,558.86	%	292.92	%

Summary of income tax contingencies

The following table summarizes changes in unrecognized tax benefits during the years ended December 31:


(in thousands)	2020		2019

Amount of unrecognized tax benefits as of the beginning of the year	$	9,767	$	9,687
Decreases as a result of tax positions taken in a prior period	(2,591)		(192)
Increases as a result of tax positions taken in a prior period	767		22
Increases as a result of tax positions taken in the current period	598		250

Amount of unrecognized tax benefits as of the end of the year	$	8,541	$	9,767

LOSS PER SHARE (Tables)

12 Months Ended

Dec. 31, 2020

Earnings Per Share [Abstract]

Schedule of basic and diluted EPS calculation

Basic and diluted loss per share are calculated as follows for the years ended December 31:


(in thousands, except per share data)	2020		2019		2018

Net loss attributable to Altisource	$	(67,156)	$	(307,969)	$	(5,382)

Weighted average common shares outstanding, basic	15,598		15,991		17,073


Weighted average common shares outstanding, diluted	15,598		15,991		17,073

Loss per share:
Basic	$	(4.31)	$	(19.26)	$	(0.32)
Diluted	$	(4.31)	$	(19.26)	$	(0.32)

COMMITMENTS, CONTINGENCIES AND REGULATORY MATTERS (Tables)

12 Months Ended

Dec. 31, 2020

Commitments and Contingencies Disclosure [Abstract]

Lease term and assumption

Information about our lease terms and our discount rate assumption is as follows as of December 31:


	2020		2019

Weighted average remaining lease term (in years)	3.18		3.23
Weighted average discount rate	7.01	%	7.11	%

Lease activity during period

Our lease activity was as follows for the years ended December 31:


(in thousands)	2020		2019

Operating lease costs:
Selling, general and administrative expense	$	9,712	$	10,698
Cost of revenue	1,919		2,757

Cash used in operating activities for amounts included in the measurement of lease liabilities	$	13,113	$	15,446
Short-term (twelve months or less) lease costs	3,797		4,999

Maturities of operating lease liabilities

Maturities of our lease liabilities as of December 31, 2020 are as follows:


(in thousands)	Operating lease obligations

2021	$	8,268
2022	5,765
2023	4,671
2024	2,901
2025	599

Total lease payments	22,204
Less: interest	(2,314)

Present value of lease liabilities	$	19,890

QUARTERLY FINANCIAL DATA (UNAUDITED) (Tables)

12 Months Ended

Dec. 31, 2020

Quarterly Financial Information Disclosure [Abstract]

Schedule of unaudited quarterly results

The operating results for any quarter are not necessarily indicative of results for any future period. Our business can be affected by seasonality.


	2020 quarter ended (1)(2)(3)(4)(5)(6)
(in thousands, except per share data)	March 31,		June 30,		September 30,		December 31,

Revenue	$	121,444	$	95,342	$	88,795	$	59,966
Gross profit	26,863		12,714		16,225		4,551
Loss before income taxes and non-controlling interests	(9,124)		(33,747)		(11,140)		(3,695)
Net loss	(11,545)		(34,864)		(12,897)		(7,009)
Net loss attributable to Altisource	(11,650)		(35,061)		(13,237)		(7,208)

Loss per share:
Basic	$	(0.75)	$	(2.25)	$	(0.85)	$	(0.46)
Diluted	$	(0.75)	$	(2.25)	$	(0.85)	$	(0.46)

Weighted average shares outstanding:
Basic	15,497		15,601		15,637		15,657
Diluted	15,497		15,601		15,637		15,657


	2019 quarter ended (1)(2)(3)(4)(5)(7)(8)
(in thousands, except per share data)	March 31,		June 30,		September 30,		December 31,

Revenue	$	169,935	$	196,535	$	141,493	$	140,688
Gross profit	45,720		43,821		30,771		35,083
(Loss) income before income taxes and non-controlling interests	(3,966)		11,909		12,955		(8,459)
Net (loss) income	(2,744)		(4,604)		7,576		(306,085)
Net (loss) income attributable to Altisource	(3,184)		(5,844)		7,165		(306,106)

(Loss) earnings per share:
Basic	$	(0.20)	$	(0.36)	$	0.45	$	(19.66)
Diluted	$	(0.20)	$	(0.36)	$	0.44	$	(19.66)

Weighted average shares outstanding:
Basic	16,292		16,214		15,897		15,568
Diluted	16,292		16,214		16,151		15,568

______________________________________

(6) During the third quarter of 2020 we recognized $0.7 million of severance in connection with cost savings initiatives (no comparable amounts in 2019).

ORGANIZATION (Details)	12 Months Ended
ORGANIZATION (Details)	Dec. 31, 2020 segment
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Number of reportable segments	1

BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2020 USD ($) term	Dec. 31, 2019 USD ($)	Dec. 31, 2018 USD ($)
Principles of Consolidation
Total assets	$ 265,685	$ 394,256
Defined Contribution 401(k) Plan
Expense recorded for discretionary amounts contributed	$ 600	$ 900	$ 1,200
Pointillist, Inc.
Principles of Consolidation
Noncontrolling ownership percentage		12.10%
Variable Interest Entity, Primary Beneficiary
Principles of Consolidation
Number of agreement terms \| term	3
Agreement term	5 years
Total assets	$ 2,300	$ 1,600
Total liabilities	$ 100	300
Minimum
Intangible Assets, Net
Estimated useful life	4 years
Maximum
Intangible Assets, Net
Estimated useful life	20 years
Furniture and fixtures
Premises and Equipment, Net
Estimated useful lives	5 years
Office equipment
Premises and Equipment, Net
Estimated useful lives	5 years
Computer hardware \| Minimum
Premises and Equipment, Net
Estimated useful lives	3 years
Computer hardware \| Maximum
Premises and Equipment, Net
Estimated useful lives	5 years
Computer software \| Minimum
Premises and Equipment, Net
Estimated useful lives	3 years
Computer software \| Maximum
Premises and Equipment, Net
Estimated useful lives	7 years
Leasehold improvements
Premises and Equipment, Net
Estimated useful lives	10 years
Pointillist, Inc.
Principles of Consolidation
Contributions for the creation of Pointillist		$ 8,500

CUSTOMER CONCENTRATION (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
CUSTOMER CONCENTRATION (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Concentration Risk [Line Items]
Revenue	$ 59,966	$ 88,795	$ 95,342	$ 121,444	$ 140,688	$ 141,493	$ 196,535	$ 169,935	$ 365,547	$ 648,651	$ 838,202
Supplier Concentration Risk \| Service Renewals \| Maximum \| Ocwen
Concentration Risk [Line Items]
Concentration risk									100.00%
Supplier Concentration Risk \| Service Renewals \| Minimum \| Ocwen
Concentration Risk [Line Items]
Concentration risk									90.00%
Ocwen \| NRZ
Concentration Risk [Line Items]
Subservice transferred subject MSRs, initial term									5 years
Ocwen \| Customer Concentration Risk
Concentration Risk [Line Items]
Accounts receivable from largest customer	5,900				19,100				$ 5,900	19,100
Ocwen \| Customer Concentration Risk \| Billed
Concentration Risk [Line Items]
Accounts receivable from largest customer	5,100				15,700				5,100	15,700
Ocwen \| Customer Concentration Risk \| Unbilled
Concentration Risk [Line Items]
Accounts receivable from largest customer	$ 800				$ 3,400				$ 800	$ 3,400
Ocwen \| Customer Concentration Risk \| Revenue
Concentration Risk [Line Items]
Concentration risk									54.00%	56.00%	52.00%
Revenue									$ 197,800	$ 362,700	$ 437,400
Ocwen \| Customer Concentration Risk \| Revenue \| NRZ
Concentration Risk [Line Items]
Concentration risk									36.00%
Highly Correlated - Ocwen \| Customer Concentration Risk \| Revenue
Concentration Risk [Line Items]
Concentration risk									7.00%
Revenue									$ 23,800	37,500	47,100
Ocwen, Investor \| Mortgage Servicing Rights
Concentration Risk [Line Items]
Revenue									70,100	150,200	171,000
Ocwen, Investor \| Default Valuations and Title Services
Concentration Risk [Line Items]
Revenue									$ 18,200	33,200	40,100
NRZ
Concentration Risk [Line Items]
Subservice transferred subject MSRs, initial term									5 years
NRZ \| Customer Concentration Risk \| Revenue
Concentration Risk [Line Items]
Revenue									$ 8,600	12,500	28,700
Highly Correlated - NRZ \| Customer Concentration Risk \| Revenue
Concentration Risk [Line Items]
Revenue									$ 35,100	$ 60,000	$ 83,600

SALE OF BUSINESS (Details) $ in Thousands			1 Months Ended	3 Months Ended	12 Months Ended
SALE OF BUSINESS (Details) $ in Thousands	Jan. 13, 2021 USD ($)	Jul. 01, 2019 USD ($)	Aug. 31, 2018 USD ($) installment	Sep. 30, 2019 USD ($)	Dec. 31, 2020 USD ($)	Dec. 31, 2019 USD ($)	Dec. 31, 2018 USD ($)	Jul. 01, 2020 USD ($)
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Gain on sale of business					$ 0	$ 17,814	$ 13,688
Proceeds from the sale of business					3,307	38,632	$ 15,000
Long-term receivable					$ 2,531	2,371
Financial Services Business \| Discontinued Operations, Disposed of by Sale
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Total proceeds from the sale of business		$ 44,000
Payment included in consideration, subject to working capital adjustment upon closing of the sale		40,000						$ 3,300
Additional payment to be received on one-year anniversary of the sale closing		$ 4,000
Gain on sale of business				$ 17,600		$ 17,800
Transition services extension term		3 months
Rental Property Management Business \| Discontinued Operations, Disposed of by Sale
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Total proceeds from the sale of business			$ 18,000
Number of installment payments \| installment			2
Proceeds from the sale of business			$ 15,000
Future proceeds from the sale of business			$ 3,000
Rental Property Management Business \| Discontinued Operations, Disposed of by Sale \| Subsequent Event
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Proceeds from the sale of business	$ 3,000
Minimum \| Financial Services Business \| Discontinued Operations, Disposed of by Sale
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Transition services agreement term		2 months
Maximum \| Financial Services Business \| Discontinued Operations, Disposed of by Sale
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Transition services agreement term		13 months

INVESTMENT IN EQUITY SECURITIES (Details) - USD ($)	3 Months Ended								12 Months Ended
INVESTMENT IN EQUITY SECURITIES (Details) - USD ($)	Dec. 31, 2020	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2016	Dec. 31, 2017
Marketable Securities [Line Items]
Investment in equity securities	$ 0				$ 42,618,000				$ 0	$ 42,618,000
Equity	$ (82,556,000)				$ (21,357,000)				(82,556,000)	(21,357,000)	$ 296,668,000		$ 339,985,000
Proceeds received from sale of equity securities									$ 46,622,000	$ 7,994,000	0
Cumulative Effect, Period of Adoption, Adjustment
Marketable Securities [Line Items]
Equity													(10,448,000)
Altisource Residential Corporation
Marketable Securities [Line Items]
Number of available for sale shares acquired (in shares)												4,100,000
Number of securities outstanding (in shares)	0				3,500,000				0	3,500,000
Investment in equity securities	$ 0				$ 42,600,000				$ 0	$ 42,600,000	36,200,000
Unrealized gain (loss) on investment in equity securities	16,400,000	$ 100,000	$ (11,200,000)	$ (1,300,000)	2,700,000	$ (2,300,000)	$ 11,800,000	$ 2,200,000	4,000,000.0	14,400,000	(13,000,000.0)
Unrealized gain (loss) from sale									4,100,000	2,000,000.0	0
Investment income, dividend									$ 500,000	$ 1,700,000	2,500,000
Number of shares disposed (in shares)									3,500,000	700,000
Proceeds received from sale of equity securities									$ 46,600,000	$ 8,000,000.0
Accumulated other comprehensive income (loss)
Marketable Securities [Line Items]
Equity	0				0				0	0	0		733,000
Accumulated other comprehensive income (loss) \| Cumulative Effect, Period of Adoption, Adjustment
Marketable Securities [Line Items]
Equity													(733,000)
Accumulated other comprehensive income (loss) \| Accounting Standards Update 2016-01 \| Cumulative Effect, Period of Adoption, Adjustment
Marketable Securities [Line Items]
Equity													(700,000)
Retained earnings
Marketable Securities [Line Items]
Equity	$ 190,383,000				$ 272,026,000				$ 190,383,000	$ 272,026,000	$ 590,655,000		626,600,000
Retained earnings \| Cumulative Effect, Period of Adoption, Adjustment
Marketable Securities [Line Items]
Equity													(9,715,000)
Retained earnings \| Accounting Standards Update 2016-01 \| Cumulative Effect, Period of Adoption, Adjustment
Marketable Securities [Line Items]
Equity													$ 700,000

ACCOUNTS RECEIVABLE, NET (Details) - USD ($) $ in Thousands	12 Months Ended
ACCOUNTS RECEIVABLE, NET (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Accounts receivable, net
Accounts receivable, gross	$ 27,994	$ 48,087
Less: Allowance for credit losses	(5,581)	(4,472)
Total	22,413	43,615
Bad debt expense	2,229	720	$ 2,830
Billed
Accounts receivable, net
Accounts receivable, gross	19,703	35,921
Unbilled
Accounts receivable, net
Accounts receivable, gross	$ 8,291	$ 12,166

PREPAID EXPENSES AND OTHER CURRENT ASSETS (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Maintenance agreements, current portion	$ 2,513	$ 1,923
Income taxes receivable	7,053	5,098
Prepaid expenses	4,812	3,924
Other current assets	5,101	4,269
Total	$ 19,479	$ 15,214

DISCONTINUATION OF LINES OF BUSINESS (Details) - Owners.com - Disposal Group, Disposed of by Sale, Not Discontinued Operations - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2019
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Goodwill impairment	$ 5.2	$ 5.2
Intangible asset impairment	$ 0.7	$ 0.7

PREMISES AND EQUIPMENT, NET (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
PREMISES AND EQUIPMENT, NET
Premises and equipment, gross	$ 75,328	$ 181,187
Less: Accumulated depreciation and amortization	(63,434)	(156,661)
Total	11,894	24,526
Depreciation and amortization expense	14,890	18,509	$ 30,799
Computer hardware and software
PREMISES AND EQUIPMENT, NET
Premises and equipment, gross	52,837	144,608
Leasehold improvements
PREMISES AND EQUIPMENT, NET
Premises and equipment, gross	14,792	23,800
Furniture and fixtures
PREMISES AND EQUIPMENT, NET
Premises and equipment, gross	5,882	8,775
Office equipment and other
PREMISES AND EQUIPMENT, NET
Premises and equipment, gross	$ 1,817	$ 4,004

PREMISES AND EQUIPMENT, NET - Summary by Country (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Property, Plant and Equipment [Line Items]
Premises and equipment	$ 11,894	$ 24,526
United States
Property, Plant and Equipment [Line Items]
Premises and equipment	5,530	13,426
Luxembourg
Property, Plant and Equipment [Line Items]
Premises and equipment	5,451	10,295
India
Property, Plant and Equipment [Line Items]
Premises and equipment	822	671
Uruguay
Property, Plant and Equipment [Line Items]
Premises and equipment	91	39
Philippines
Property, Plant and Equipment [Line Items]
Premises and equipment	$ 0	$ 95

RIGHT-OF-USE ASSETS UNDER OPERATING LEASES, NET (Details) - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018	Jan. 01, 2019
Leases [Abstract]
Right-of-use assets under operating leases	$ 31,932,000	$ 39,729,000
Less: Accumulated amortization	(13,719,000)	(10,655,000)
Total	18,213,000	29,074,000		$ 42,100,000
Amortization of right-of-use assets under operating leases	$ 10,245,000	$ 11,769,000	$ 0

GOODWILL AND INTANGIBLE ASSETS, NET - Goodwill (Details) - USD ($) $ in Thousands	12 Months Ended	24 Months Ended
	Dec. 31, 2019	Dec. 31, 2020
Goodwill [Roll Forward]
Balance at the beginning of the period	$ 81,387	$ 81,387
Balance at the end of the period	73,849	73,849
Discontinued Operations, Disposed of by Sale \| Financial Services Business
Goodwill [Roll Forward]
Disposition/Write-off	(2,400)	(2,378)
Disposal Group, Disposed of by Sale, Not Discontinued Operations \| Owners.com
Goodwill [Roll Forward]
Disposition/Write-off	$ (5,200)	$ (5,160)

GOODWILL AND INTANGIBLE ASSETS, NET - Intangible Assets, Net (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Intangible Assets, Net
Gross carrying amount	$ 262,712	$ 264,957
Accumulated amortization	(216,386)	(203,911)
Net book value	46,326	61,046
Amortization expense for definite lived intangible assets	14,720	19,021	$ 28,412
Amortization expense, 2021	9,500
Amortization expense, 2022	5,100
Amortization expense, 2023	5,100
Amortization expense, 2024	5,100
Amortization expense, 2025	5,100
Customer related intangible assets
Intangible Assets, Net
Gross carrying amount	214,973	214,973
Accumulated amortization	(187,923)	(176,043)
Net book value	$ 27,050	38,930
Customer related intangible assets \| Weighted average
Intangible Assets, Net
Estimated useful life	9 years
Operating agreement
Intangible Assets, Net
Gross carrying amount	$ 35,000	35,000
Accumulated amortization	(19,126)	(17,376)
Net book value	$ 15,874	17,624
Operating agreement \| Weighted average
Intangible Assets, Net
Estimated useful life	20 years
Trademarks and trade names
Intangible Assets, Net
Gross carrying amount	$ 9,709	9,709
Accumulated amortization	(6,307)	(5,893)
Net book value	$ 3,402	3,816
Trademarks and trade names \| Weighted average
Intangible Assets, Net
Estimated useful life	16 years
Non-compete agreements
Intangible Assets, Net
Gross carrying amount	$ 1,230	1,230
Accumulated amortization	(1,230)	(1,215)
Net book value	$ 0	15
Non-compete agreements \| Weighted average
Intangible Assets, Net
Estimated useful life	4 years
Intellectual property
Intangible Assets, Net
Gross carrying amount	$ 0	300
Accumulated amortization	0	(175)
Net book value	$ 0	125
Intellectual property \| Weighted average
Intangible Assets, Net
Estimated useful life	0 years
Other intangible assets
Intangible Assets, Net
Gross carrying amount	$ 1,800	3,745
Accumulated amortization	(1,800)	(3,209)
Net book value	$ 0	$ 536
Other intangible assets \| Weighted average
Intangible Assets, Net
Estimated useful life	5 years

OTHER ASSETS (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Security deposits	$ 2,416	$ 3,473
Restricted cash	3,833	3,842
Other	3,601	3,495
Total	$ 9,850	$ 10,810

ACCOUNTS PAYABLE, ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Accounts Payable and Accrued Liabilities [Abstract]
Accounts payable	$ 16,797	$ 22,431
Accrued expenses - general	24,422	24,558
Accrued salaries and benefits	11,226	18,982
Income taxes payable	4,334	1,700
Total	$ 56,779	$ 67,671

ACCOUNTS PAYABLE, ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES (Details 2) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019	Jan. 01, 2019
Payables and Accruals [Abstract]
Operating lease liabilities	$ 7,609	$ 11,398	$ 16,700
Other	1,696	3,326
Total	$ 9,305	$ 14,724
Operating Lease, Liability, Current, Statement of Financial Position [Extensible List]	us-gaap:OtherLiabilitiesCurrent	us-gaap:OtherLiabilitiesCurrent	us-gaap:OtherLiabilitiesCurrent

LONG-TERM DEBT - Schedule of Long-term Debt (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019	Apr. 03, 2018
Debt Instrument [Line Items]
Gross, long-term debt	$ 247,204
Less: Debt issuance costs, net	(2,389)	$ (3,119)
Less: Unamortized discount, net	(2,159)	(2,825)
Long-term debt	242,656	287,882
Senior secured term loans
Debt Instrument [Line Items]
Gross, long-term debt	$ 247,204	$ 293,826	$ 412,100

LONG-TERM DEBT (Details) shares in Millions		1 Months Ended	3 Months Ended		12 Months Ended
LONG-TERM DEBT (Details) shares in Millions	Dec. 31, 2020 USD ($)	Apr. 30, 2018 USD ($) lender	Dec. 31, 2018 USD ($)	Jun. 30, 2018 USD ($)	Dec. 31, 2020 USD ($) shares	Dec. 31, 2019 USD ($) shares	Dec. 31, 2018 USD ($)	Apr. 03, 2018 USD ($)
Debt Instrument [Line Items]
Gross, long-term debt	$ 247,204,000				$ 247,204,000
Loss on debt refinancing					0	$ 0	$ 4,434,000
Proceeds received from sale of equity securities					46,622,000	7,994,000	0
Debt issuance costs, net	2,389,000				2,389,000	3,119,000
Accumulated amortization	$ (2,200,000)				(2,200,000)	(1,400,000)
Interest on long-term debt					$ 17,730,000	$ 21,393,000	26,254,000
Altisource Residential Corporation
Debt Instrument [Line Items]
Number of shares disposed (in shares) \| shares					3.5	0.7
Proceeds received from sale of equity securities					$ 46,600,000	$ 8,000,000.0
Term B Loans
Debt Instrument [Line Items]
Leverage ratio to be maintained under the credit facility covenants					3.00
Covenant threshold, leverage ratio	3.50	3.50			3.50
Term B Loans \| Maximum
Debt Instrument [Line Items]
Amount of principal or interest if failed to pay considered as event of default		$ 40,000,000.0
Amount of debt which results in acceleration of debt if failed to pay considered as event of default		40,000,000.0
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		$ 40,000,000.0
Senior secured term loans
Debt Instrument [Line Items]
Gross, long-term debt	$ 247,204,000				$ 247,204,000	293,826,000		$ 412,100,000
Loss on debt refinancing				$ 4,400,000
Interest on long-term debt					$ 17,700,000	21,400,000	26,300,000
April 3, 2018 Credit Agreement
Debt Instrument [Line Items]
Number of incremental lenders (or more) \| lender		1
Increase in incremental indebtedness limit		$ 125,000,000.0
April 3, 2018 Credit Agreement \| Term B Loans
Debt Instrument [Line Items]
Debt instrument, face amount		$ 412,000,000.0
Interest rate at the end of the period	5.00%				5.00%
April 3, 2018 Credit Agreement \| Term B Loans \| Adjusted Eurodollar Rate
Debt Instrument [Line Items]
Fixed interest rate base		1.00%
Interest rate margin		4.00%
April 3, 2018 Credit Agreement \| Term B Loans \| Base Rate
Debt Instrument [Line Items]
Fixed interest rate base		2.00%
Interest rate margin		3.00%
April 3, 2018 Credit Agreement \| Line of Credit \| Revolving Credit Facility
Debt Instrument [Line Items]
Debt instrument, face amount		$ 15,000,000.0
Gross, long-term debt	$ 0				$ 0
Covenant threshold, leverage ratio		3.50
Increase in incremental indebtedness limit		$ 80,000,000.0
Unused commitment fee		0.50%
April 3, 2018 Credit Agreement \| Line of Credit \| Revolving Credit Facility \| Adjusted Eurodollar Rate
Debt Instrument [Line Items]
Interest rate margin		4.00%
April 3, 2018 Credit Agreement \| Line of Credit \| Revolving Credit Facility \| Base Rate
Debt Instrument [Line Items]
Interest rate margin		3.00%
Financial Services Business \| Discontinued Operations, Disposed of by Sale \| Senior secured term loans
Debt Instrument [Line Items]
Repayments of debt						$ 37,000,000.0
Buy-Renovate-Lease-Sell Business \| Disposal Group, Disposed of by Sale, Not Discontinued Operations \| Term B Loans
Debt Instrument [Line Items]
Repayments of debt			$ 49,900,000
Rental Property Management Business \| Discontinued Operations, Disposed of by Sale \| Term B Loans
Debt Instrument [Line Items]
Repayments of debt							$ 15,000,000.0

LONG-TERM DEBT - Schedule of Maturities of Long-Term Debt (Details) $ in Thousands	Dec. 31, 2020 USD ($)
Debt Disclosure [Abstract]
2021	$ 0
2022	0
2023	0
2024	247,204
Total	$ 247,204

OTHER NON-CURRENT LIABILITIES (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019	Jan. 01, 2019
Other Liabilities Disclosure [Abstract]
Operating lease liabilities	$ 12,281	$ 19,707	$ 28,800
Income tax liabilities	12,414	10,935
Deferred revenue	504	88
Other non-current liabilities	40	286
Total	$ 25,239	$ 31,016

FAIR VALUE MEASUREMENTS AND FINANCIAL INSTRUMENTS (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Assets:
Cash and cash equivalents	$ 58,263	$ 82,741
Restricted cash	3,833	3,842
Investment in equity securities	0	42,618
Long-term receivable	2,531	2,371
Senior secured term loan
Liabilities:
Senior secured term loan	247,204	293,826
Level 1 \| Fair Value, Measurements, Recurring
Assets:
Cash and cash equivalents	58,263	82,741
Restricted cash	3,833	3,842
Investment in equity securities	0	42,618
Long-term receivable	0	0
Level 1 \| Fair Value, Measurements, Recurring \| Senior secured term loan
Liabilities:
Senior secured term loan	0	0
Level 2 \| Fair Value, Measurements, Recurring
Assets:
Cash and cash equivalents	0	0
Restricted cash	0	0
Investment in equity securities	0	0
Long-term receivable	0	0
Level 2 \| Fair Value, Measurements, Recurring \| Senior secured term loan
Liabilities:
Senior secured term loan	201,472	277,666
Level 3 \| Fair Value, Measurements, Recurring
Assets:
Cash and cash equivalents	0	0
Restricted cash	0	0
Investment in equity securities	0	0
Long-term receivable	2,531	2,371
Level 3 \| Fair Value, Measurements, Recurring \| Senior secured term loan
Liabilities:
Senior secured term loan	$ 0	$ 0

FAIR VALUE MEASUREMENTS AND FINANCIAL INSTRUMENTS - Narrative (Details) - USD ($) $ in Thousands		1 Months Ended	12 Months Ended
	Jan. 13, 2021	Aug. 31, 2018	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Proceeds from the sale of businesses			$ 3,307	$ 38,632	$ 15,000
Ocwen \| Revenue \| Customer Concentration Risk
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Concentration risk			54.00%	56.00%	52.00%
Altisource Residential Corporation
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Number of securities outstanding (in shares)			0	3,500,000
Discontinued Operations, Disposed of by Sale \| Rental Property Management Business
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Future proceeds from the sale of business		$ 3,000
Proceeds from the sale of businesses		$ 15,000
Discontinued Operations, Disposed of by Sale \| Rental Property Management Business \| Subsequent Event
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Proceeds from the sale of businesses	$ 3,000

SHAREHOLDERS' EQUITY AND SHARE-BASED COMPENSATION (Details) $ / shares in Units, $ in Thousands			1 Months Ended		12 Months Ended
	Dec. 31, 2020 USD ($) shares	May 15, 2018 $ / shares shares	Feb. 28, 2019 shares	Apr. 30, 2018	Dec. 31, 2020 USD ($) vote component $ / shares shares	Dec. 31, 2019 USD ($) $ / shares shares	Dec. 31, 2018 USD ($) employee $ / shares shares
Common Stock [Abstract]
Common stock, shares authorized (in shares)	100,000,000				100,000,000	100,000,000
Common stock, shares issued (in shares)	25,413,000				25,413,000	25,413,000
Common stock, shares outstanding (in shares)	15,664,000				15,664,000	15,454,000
Voting rights per share \| vote					1
Equity Incentive Plan [Abstract]
Maximum number of Altisource share-based awards that can be granted under the Plan (in shares)	6,700,000				6,700,000
Share-based awards available for future grants under the Plan (in shares)	1,000,000.0				1,000,000.0
Share Repurchase Program [Abstract]
Authorized amount (approximately) \| $	$ 91,000				$ 91,000
Capacity available to repurchase common stock under senior secured term loan \| $	430,000				430,000
Share-Based Compensation [Abstract]
Share-based compensation expense \| $					7,800	$ 11,900	$ 10,200
Estimated unrecognized compensation costs \| $	$ 6,600				$ 6,600
Weighted average remaining requisite service period for stock options over which unrecognized compensation costs would be recognized					1 year 5 months 23 days
Options outstanding (in shares)	899,914				899,914	1,468,046
Plan modification, number of stock options affected (in shares)							263,000
Plan modification, number of employees affected \| employee							16
Weighted average fair value of stock options granted and total intrinsic value of stock options exercised
Weighted average fair value at grant date per share (in dollars per share) \| $ / shares					$ 0	$ 0	$ 16.31
Intrinsic value of options exercised \| $					$ 0	$ 54	$ 4,609
Grant date fair value of stock options that vested \| $					$ 2,730	$ 3,053	$ 1,760
Term B Loans
Share Repurchase Program [Abstract]
Covenant threshold, leverage ratio	3.50			3.50	3.50
Stock Repurchase Program, Current
Share Repurchase Program [Abstract]
Number of shares of common stock authorized to be purchased (in shares)		4,300,000
Percentage of outstanding shares authorized to be repurchased		25.00%
Minimum purchase price authorized (in dollars per share) \| $ / shares		$ 1.00
Maximum purchase price authorized (in dollars per share) \| $ / shares		$ 500.00
Stock repurchase program, period in force		5 years
Remaining number of shares available for repurchase under the plan (in shares)	2,400,000				2,400,000
Stock Repurchase Programs
Share Repurchase Program [Abstract]
Number of shares of common stock purchased (in shares)					0	1,000,000.0	1,600,000
Average purchase price per share (in dollars per share) \| $ / shares						$ 20.33	$ 25.53
Stock Options
Share-Based Compensation [Abstract]
Performance criteria achieved (in shares)			228,000
Stock options granted, approximate (in shares)					0	0	277,000
Weighted average exercise price of stock options granted (in dollars per share) \| $ / shares							$ 25.15
Stock Options \| Black-Scholes
Assumptions used to determine the fair value of options as of the grant date
Expected dividend yield							0.00%
Stock Options \| Binomial
Assumptions used to determine the fair value of options as of the grant date
Expected dividend yield							0.00%
Stock Options \| Minimum \| Black-Scholes
Assumptions used to determine the fair value of options as of the grant date
Risk-free interest rate (%)							2.66%
Expected stock price volatility (%)							70.31%
Expected option life (in years)							6 years
Fair value (in usd per share) \| $ / shares							$ 16.17
Stock Options \| Minimum \| Binomial
Assumptions used to determine the fair value of options as of the grant date
Risk-free interest rate (%)							1.64%
Expected stock price volatility (%)							71.36%
Expected option life (in years)							2 years 6 months 21 days
Fair value (in usd per share) \| $ / shares							$ 14.67
Stock Options \| Maximum \| Black-Scholes
Assumptions used to determine the fair value of options as of the grant date
Risk-free interest rate (%)							3.10%
Expected stock price volatility (%)							71.86%
Expected option life (in years)							6 years 3 months
Fair value (in usd per share) \| $ / shares							$ 19.68
Stock Options \| Maximum \| Binomial
Assumptions used to determine the fair value of options as of the grant date
Risk-free interest rate (%)							3.22%
Expected stock price volatility (%)							71.86%
Expected option life (in years)							4 years 3 months 29 days
Fair value (in usd per share) \| $ / shares							$ 20.26
Stock Options, Service-Based
Share-Based Compensation [Abstract]
Options outstanding (in shares)	253,000				253,000
Stock Options, Service-Based \| Minimum
Share-Based Compensation [Abstract]
Vesting period					3 years
Stock Options, Service-Based \| Maximum
Share-Based Compensation [Abstract]
Vesting period					4 years
Expiration term					10 years
Stock Options, Market-Based
Share-Based Compensation [Abstract]
Options outstanding (in shares)	201,000				201,000
Number of components of an award \| component					2
Allowable performance period before expiration date					3 years
Stock Options, Market-Based \| Minimum
Share-Based Compensation [Abstract]
Vesting period					3 years
Expiration term					10 years
Stock Options, Market-Based \| Maximum
Share-Based Compensation [Abstract]
Vesting period					4 years
Stock Options, Market-Based, Ordinary Performance
Share-Based Compensation [Abstract]
Percentage of awards	67.00%				67.00%
Vesting threshold	2				2
Stock Options, Market-Based, Ordinary Performance \| Minimum
Share-Based Compensation [Abstract]
Percentage of compounded annual gain of stock price over exercise price required for the award to vest					20.00%
Stock Options, Market-Based, Extraordinary Performance
Share-Based Compensation [Abstract]
Percentage of awards	33.00%				33.00%
Stock Options, Market-Based, Extraordinary Performance \| Minimum
Share-Based Compensation [Abstract]
Percentage of compounded annual gain of stock price over exercise price required for the award to vest					25.00%
Stock Options, Performance-Based
Share-Based Compensation [Abstract]
Options outstanding (in shares)	446,000				446,000
Stock Options, Performance-Based \| Share-based Payment Arrangement, Tranche One
Share-Based Compensation [Abstract]
Award vesting rights, percentage					25.00%
Stock Options, Performance-Based \| Share-based Payment Arrangement, Tranche Two
Share-Based Compensation [Abstract]
Award vesting rights, percentage					25.00%
Stock Options, Performance-Based \| Share-based Payment Arrangement, Tranche Three
Share-Based Compensation [Abstract]
Award vesting rights, percentage					25.00%
Stock Options, Performance-Based \| Share-based Payment Arrangement, Tranche Four
Share-Based Compensation [Abstract]
Award vesting rights, percentage					25.00%
Stock Options, Performance-Based \| Minimum
Share-Based Compensation [Abstract]
Allowable performance period before expiration date					10 years
Attainment above threshold performance levels, vesting percentage					50.00%
Stock Options, Performance-Based \| Maximum
Share-Based Compensation [Abstract]
Attainment above threshold performance levels, vesting percentage					200.00%

SHAREHOLDERS' EQUITY AND SHARE-BASED COMPENSATION - Stock option activity (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Number of options
Outstanding at the beginning of the period (in shares)	1,468,046
Forfeited (in shares)	(568,132)
Outstanding at the end of the period (in shares)	899,914	1,468,046
Exercisable at the end of the period (in shares)	557,620
Weighted average exercise price
Outstanding at the beginning of the period (in dollars per share)	$ 29.19
Forfeited (in dollars per share)	24.00
Outstanding at the end of the period (in dollars per share)	32.47	$ 29.19
Exercisable at the end of the period (in dollars per share)	$ 28.69
Weighted average contractual term (in years)
Weighted average contractual term	5 years 7 months 17 days	4 years 7 months 6 days
Exercisable at the end of the period	5 years 5 months 12 days
Aggregate intrinsic value (in thousands)
Aggregate intrinsic value (in dollars)	$ 0	$ 94
Exercisable at the end of the period (in dollars)	$ 0

SHAREHOLDERS' EQUITY AND SHARE-BASED COMPENSATION - Stock option information (Details)	12 Months Ended
	Dec. 31, 2020 $ / shares shares
Options outstanding
Number (in shares) \| shares	899,914
Options exercisable
Number (in shares) \| shares	557,620
$10.01 — $20.00
Stock options outstanding and exercisable
Exercise price, low end of range (in dollars per share)	$ 10.01
Exercise price, high end of range (in dollars per share)	$ 20.00
Options outstanding
Number (in shares) \| shares	154,200
Weighted average remaining contractual life (in years)	4 years 3 months 14 days
Weighted average exercise price (in dollars per share)	$ 18.79
Options exercisable
Number (in shares) \| shares	150,038
Weighted average remaining contractual life (in years)	4 years 3 months 14 days
Weighted average exercise price (in dollars per share)	$ 18.79
$20.01 — $30.00
Stock options outstanding and exercisable
Exercise price, low end of range (in dollars per share)	20.01
Exercise price, high end of range (in dollars per share)	$ 30.00
Options outstanding
Number (in shares) \| shares	548,348
Weighted average remaining contractual life (in years)	6 years 2 months 4 days
Weighted average exercise price (in dollars per share)	$ 25.19
Options exercisable
Number (in shares) \| shares	324,937
Weighted average remaining contractual life (in years)	5 years 9 months 7 days
Weighted average exercise price (in dollars per share)	$ 25.19
$30.01 — $40.00
Stock options outstanding and exercisable
Exercise price, low end of range (in dollars per share)	30.01
Exercise price, high end of range (in dollars per share)	$ 40.00
Options outstanding
Number (in shares) \| shares	68,866
Weighted average remaining contractual life (in years)	6 years 29 days
Weighted average exercise price (in dollars per share)	$ 33.32
Options exercisable
Number (in shares) \| shares	21,270
Weighted average remaining contractual life (in years)	5 years 7 months 2 days
Weighted average exercise price (in dollars per share)	$ 33.32
$60.01 — $70.00
Stock options outstanding and exercisable
Exercise price, low end of range (in dollars per share)	60.01
Exercise price, high end of range (in dollars per share)	$ 70.00
Options outstanding
Number (in shares) \| shares	58,500
Weighted average remaining contractual life (in years)	1 year 2 months 8 days
Weighted average exercise price (in dollars per share)	$ 60.76
Options exercisable
Number (in shares) \| shares	43,875
Weighted average remaining contractual life (in years)	1 year 2 months 8 days
Weighted average exercise price (in dollars per share)	$ 60.76
$80.01 — $90.00
Stock options outstanding and exercisable
Exercise price, low end of range (in dollars per share)	80.01
Exercise price, high end of range (in dollars per share)	$ 90.00
Options outstanding
Number (in shares) \| shares	25,000
Weighted average remaining contractual life (in years)	3 years 7 months 6 days
Weighted average exercise price (in dollars per share)	$ 86.69
Options exercisable
Number (in shares) \| shares	6,250
Weighted average remaining contractual life (in years)	3 years 7 months 6 days
Weighted average exercise price (in dollars per share)	$ 86.69
$90.01 — $100.00
Stock options outstanding and exercisable
Exercise price, low end of range (in dollars per share)	90.01
Exercise price, high end of range (in dollars per share)	$ 100.00
Options outstanding
Number (in shares) \| shares	45,000
Weighted average remaining contractual life (in years)	3 years 2 months 4 days
Weighted average exercise price (in dollars per share)	$ 95.67
Options exercisable
Number (in shares) \| shares	11,250
Weighted average remaining contractual life (in years)	3 years 2 months 4 days
Weighted average exercise price (in dollars per share)	$ 95.67

SHAREHOLDERS' EQUITY AND SHARE-BASED COMPENSATION - Restricted stock awards (Details) - USD ($) $ / shares in Units, $ in Millions	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2019
Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Outstanding [Roll Forward]
Share-based compensation expense	$ 7.8	$ 11.9	$ 10.2
Restricted Shares and Restricted Share Units
Schedule of Share-based compensation, Restricted Stock and Restricted Stock units activity [Line Items]
Other than options, outstanding (in shares)	878,521	636,146		636,146
Other than options, granted (in shares)	608,695
Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Outstanding [Roll Forward]
Outstanding, beginning of period (in shares)	636,146
Granted (in shares)	608,695
Issued (in shares)	(210,556)
Forfeited/canceled (in shares)	(155,764)
Outstanding, end of period (in shares)	878,521	636,146
Restricted Shares and Restricted Stock Units (RSUs), Service-Based
Schedule of Share-based compensation, Restricted Stock and Restricted Stock units activity [Line Items]
Other than options, outstanding (in shares)	403,000
Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Outstanding [Roll Forward]
Outstanding, end of period (in shares)	403,000
Restricted Shares and Restricted Stock Units (RSUs), Performance-Based
Schedule of Share-based compensation, Restricted Stock and Restricted Stock units activity [Line Items]
Other than options, outstanding (in shares)	213,000
Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Outstanding [Roll Forward]
Outstanding, end of period (in shares)	213,000
Restricted Shares and Restricted Stock Units (RSUs), Performance-Based \| Share-based Payment Arrangement, Tranche One
Schedule of Share-based compensation, Restricted Stock and Restricted Stock units activity [Line Items]
Award vesting rights, percentage	33.00%
Restricted Shares and Restricted Stock Units (RSUs), Performance-Based \| Share-based Payment Arrangement, Tranche Two
Schedule of Share-based compensation, Restricted Stock and Restricted Stock units activity [Line Items]
Award vesting rights, percentage	33.00%
Restricted Shares and Restricted Stock Units (RSUs), Performance-Based \| Share-based Payment Arrangement, Tranche Three
Schedule of Share-based compensation, Restricted Stock and Restricted Stock units activity [Line Items]
Award vesting rights, percentage	33.00%
Restricted Shares and Restricted Stock Units (RSUs), Market-Based
Schedule of Share-based compensation, Restricted Stock and Restricted Stock units activity [Line Items]
Other than options, outstanding (in shares)	194,000
Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Outstanding [Roll Forward]
Outstanding, end of period (in shares)	194,000
Restricted Shares and Restricted Stock Units (RSUs), Performance-Based and Market-Based
Schedule of Share-based compensation, Restricted Stock and Restricted Stock units activity [Line Items]
Other than options, outstanding (in shares)	69,000
Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Outstanding [Roll Forward]
Outstanding, end of period (in shares)	69,000
Restricted Share Units
Schedule of Share-based compensation, Restricted Stock and Restricted Stock units activity [Line Items]
Other than options, granted (in shares)	609,000
Other than options, granted (in dollars per share)	$ 13.47
Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Outstanding [Roll Forward]
Granted (in shares)	609,000
Restricted Stock Units (RSUs), Performance-Based
Schedule of Share-based compensation, Restricted Stock and Restricted Stock units activity [Line Items]
Other than options, granted (in shares)	82,000
Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Outstanding [Roll Forward]
Granted (in shares)	82,000
Restricted Stock Units (RSUs), Market-Based
Schedule of Share-based compensation, Restricted Stock and Restricted Stock units activity [Line Items]
Other than options, granted (in shares)	194,000	68,000	0
Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Outstanding [Roll Forward]
Granted (in shares)	194,000	68,000	0
Restricted Shares
Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Outstanding [Roll Forward]
Other than options, plan modification, affected (in shares)			31,000
Pointillist, Inc.
Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Outstanding [Roll Forward]
Shares issued to management for services (in shares)		1,100,000
Share-based compensation expense		$ 0.9
Pointillist, Inc.
Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Outstanding [Roll Forward]
Noncontrolling ownership percentage				12.10%
Minimum \| Restricted Shares and Restricted Stock Units (RSUs), Service-Based
Schedule of Share-based compensation, Restricted Stock and Restricted Stock units activity [Line Items]
Vesting period	2 years
Minimum \| Restricted Shares and Restricted Stock Units (RSUs), Market-Based
Schedule of Share-based compensation, Restricted Stock and Restricted Stock units activity [Line Items]
Vesting period	30 days
Award vesting rights, percentage	50.00%
Maximum \| Restricted Shares and Restricted Stock Units (RSUs), Service-Based
Schedule of Share-based compensation, Restricted Stock and Restricted Stock units activity [Line Items]
Vesting period	4 years
Maximum \| Restricted Shares and Restricted Stock Units (RSUs), Performance-Based
Schedule of Share-based compensation, Restricted Stock and Restricted Stock units activity [Line Items]
Attainment above threshold performance levels, vesting percentage	150.00%
Maximum \| Restricted Shares and Restricted Stock Units (RSUs), Market-Based
Schedule of Share-based compensation, Restricted Stock and Restricted Stock units activity [Line Items]
Vesting period	1 year
Award vesting rights, percentage	50.00%
Maximum \| Restricted Shares and Restricted Stock Units (RSUs), Performance-Based and Market-Based
Schedule of Share-based compensation, Restricted Stock and Restricted Stock units activity [Line Items]
Attainment above threshold performance levels, vesting percentage	300.00%

SHAREHOLDERS' EQUITY AND SHARE-BASED COMPENSATION - Assumptions Used to Determine the Fair Values for Performance-Based Awards (Details) - Restricted Shares and Restricted Share Units - $ / shares	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Monte Carlo
Equity And Share-Based Compensation
Risk-free interest rate (%)	2.47%	2.47%
Expected stock price volatility (%)	17.72%	58.90%
Expected dividend yield	0.00%	0.00%
Expected option life (in years)	3 years	3 years
Fair value (in usd per share)	$ 0	$ 20.54
Binomial
Equity And Share-Based Compensation
Risk-free interest rate (%), minimum	0.09%
Risk-free interest rate (%)		0.00%
Risk-free interest rate (%), minimum	0.27%
Expected stock price volatility (%)	80.36%	0.00%
Expected dividend yield	0.00%	0.00%
Expected option life (in years)	2 years	0 years
Fair value (in usd per share)	$ 12.58	$ 0

REVENUE (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
REVENUE (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018	Jan. 01, 2018
Disaggregation of Revenue [Line Items]
Revenue	$ 59,966	$ 88,795	$ 95,342	$ 121,444	$ 140,688	$ 141,493	$ 196,535	$ 169,935	$ 365,547	$ 648,651	$ 838,202
Increase in deferred revenue	5,461				5,183				5,461	5,183
Increase in other current liabilities	9,305				14,724				9,305	14,724
Decrease in retained earnings	$ (190,383)				$ (272,026)				(190,383)	(272,026)
Revenue recognized that was included in the contract liability at the beginning of the period									4,800	9,800	20,600
Service revenue
Disaggregation of Revenue [Line Items]
Revenue									347,313	621,866	805,480
Reimbursable expenses
Disaggregation of Revenue [Line Items]
Revenue									16,285	24,172	30,039
Non-controlling interests
Disaggregation of Revenue [Line Items]
Revenue									$ 1,949	$ 2,613	$ 2,683
Difference between Revenue Guidance in Effect before and after Topic 606 \| Accounting Standards Update 2014-09
Disaggregation of Revenue [Line Items]
Increase in deferred revenue												$ 11,200
Increase in unbilled accounts receivable												1,100
Increase in other current liabilities												300
Decrease in retained earnings												$ 10,400

REVENUE - Disaggregation of Revenue (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2020	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Disaggregation of Revenue [Line Items]
Revenue	$ 59,966	$ 88,795	$ 95,342	$ 121,444	$ 140,688	$ 141,493	$ 196,535	$ 169,935	$ 365,547	$ 648,651	$ 838,202
Revenue recognized when services are performed or assets are sold
Disaggregation of Revenue [Line Items]
Revenue									332,084	579,929	719,739
Revenue related to technology platforms and professional services
Disaggregation of Revenue [Line Items]
Revenue									17,178	44,550	88,424
Reimbursable expenses revenue
Disaggregation of Revenue [Line Items]
Revenue									$ 16,285	$ 24,172	$ 30,039

- Definition

Amount, excluding tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value added and excise.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8906-108599

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 40
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9031-108599

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 41
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9038-108599

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 4
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130543-203045

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8736-108599

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8736-108599

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 42
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9054-108599

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 5
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130545-203045

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 924
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SAB Topic 11.L)
-URI http://asc.fasb.org/extlink&oid=6472922&loc=d3e499488-122856

+ Details

COST OF REVENUE (Details) - USD ($) $ in Thousands	12 Months Ended
COST OF REVENUE (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Cost of Revenue [Abstract]
Compensation and benefits	$ 94,365	$ 135,502	$ 200,486
Outside fees and services	146,322	240,796	278,380
Technology and telecommunications	35,912	36,302	41,588
Reimbursable expenses	16,285	24,172	30,039
Depreciation and amortization	12,310	13,721	24,013
Cost of real estate sold	0	42,763	47,659
Total	$ 305,194	$ 493,256	$ 622,165

SELLING, GENERAL AND ADMINISTRATIVE EXPENSES (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Selling, General and Administrative Expense [Abstract]
Compensation and benefits	$ 35,521	$ 49,875	$ 51,043
Occupancy related costs	19,363	26,042	30,851
Amortization of intangible assets	14,720	19,021	28,412
Professional services	11,444	14,975	16,950
Marketing costs	3,325	11,212	14,707
Depreciation and amortization	2,580	4,788	6,786
Other	5,783	15,163	26,921
Total	$ 92,736	$ 141,076	$ 175,670

OTHER INCOME (EXPENSE), NET (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Other Income and Expenses [Abstract]
Interest income	$ 114	$ 342	$ 740
Loss on debt refinancing	0	0	(4,434)
Other, net	261	1,006	1,824
Total	$ 375	$ 1,348	$ (1,870)

INCOME TAXES - Components of Income Before Income Taxes (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Income before income taxes and non-controlling interests [Line Items]
Domestic - Luxembourg	$ (50,821)	$ 8,919	$ (22,513)
Total	(57,705)	12,439	1,399
Foreign - U.S.
Income before income taxes and non-controlling interests [Line Items]
Foreign - U.S. and Non-U.S.	(13,243)	(12,602)	8,398
Foreign - non-U.S.
Income before income taxes and non-controlling interests [Line Items]
Foreign - U.S. and Non-U.S.	$ 6,359	$ 16,122	$ 15,514

INCOME TAXES - Income Tax (Provision) Benefit) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Current:
Domestic - Luxembourg	$ (3,576)	$ (10,957)	$ (9,889)
Deferred:
Domestic - Luxembourg	(5,033)	(307,339)	5,791
Income tax (provision) benefit	(8,609)	(318,296)	(4,098)
Domestic - Luxembourg
Current:
Domestic - Luxembourg	(2,158)	0	(275)
Deferred:
Domestic - Luxembourg	224	(308,657)	4,927
Foreign - U.S. federal
Current:
Foreign	4,992	187	(1,838)
Deferred:
Foreign	(2,808)	329	291
Foreign - U.S. state
Current:
Foreign	(322)	(174)	(336)
Deferred:
Foreign	(465)	341	(134)
Foreign - non-U.S.
Current:
Foreign	(6,088)	(10,970)	(7,440)
Deferred:
Foreign	$ (1,984)	$ 648	$ 707

Income Taxes - Narrative (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018	Jul. 01, 2019
Tax effects of temporary differences
Decrease in foreign taxes due to tax holidays	$ 100	$ 300	$ 700
Effect on diluted per share due to decrease in foreign tax holiday (in dollars per share)	$ 0.01	$ 0.02	$ 0.04
Undistributed earnings	$ 13,800
Deferred tax liability that would be recognized if earnings were distributed	500
Net operating loss carryforwards	353,358	$ 338,403
Operating loss carryforwards	$ 1,415,900	$ 1,355,400
Statutory tax rate	24.94%	24.94%	26.01%
Operating loss carryback, CARES Act	$ 14,800
Unrecognized tax benefits that would affect the effective tax rate	13,200	$ 13,500
Unrecognized tax benefits, income tax penalties and interest accrued	4,600	3,700
Domestic - Luxembourg
Tax effects of temporary differences
Operating loss carryforwards, valuation allowance	349,800	337,700
Change in statutory income tax rate		14,000
Foreign - U.S. state
Tax effects of temporary differences
Income recognized on deferred foreign income	465	(341)	$ 134
Operating loss carryforwards, valuation allowance	800	500
Deferred tax asset relating to tax credits	900	600
Foreign - U.S. federal
Tax effects of temporary differences
Income recognized on deferred foreign income	2,808	(329)	(291)
Operating loss carryforwards, valuation allowance	2,400	100
Foreign - non-U.S.
Tax effects of temporary differences
Income recognized on deferred foreign income	1,984	(648)	$ (707)
Change in statutory income tax rate	1,400
Philippines
Tax effects of temporary differences
Income recognized on deferred foreign income		$ 900
India
Tax effects of temporary differences
Income recognized on deferred foreign income	$ 68,000
Financial Services Business \| Discontinued Operations, Disposed of by Sale
Tax effects of temporary differences
Capital loss, deferred tax asset				$ 10,400

INCOME TAXES - Summary of Tax Effects of Temporary Differences (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Non-current deferred tax assets:
Net operating loss carryforwards	$ 353,358	$ 338,403
U.S. federal and state tax credits	242	189
Other non-U.S. deferred tax assets	11,327	13,980
Share-based compensation	1,658	2,010
Accrued expenses	1,205	2,691
Unrealized losses	10,351	9,011
Other	0	526
Non-current deferred tax liabilities:
Intangible assets	(8,133)	(8,325)
Depreciation	(441)	(302)
Other non-U.S. deferred tax liability	(7)	(998)
Other	(736)	0
Deferred tax assets net of deferred tax liabilities	368,824	357,185
Valuation allowance	(372,227)	(355,559)
Non-current deferred tax (liabilities) assets, net	$ (3,403)
Non-current deferred tax (liabilities) assets, net		$ 1,626

INCOME TAXES - Reconciliation of Luxembourg Statutory Tax Rate to Effective Tax Rate (Details)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Reconciliation of Income Tax Provision to the Luxembourg income tax rate
Statutory tax rate	24.94%	24.94%	26.01%
Change in valuation allowance	(29.79%)	2526.53%	43.08%
State tax expense	(1.25%)	(1.63%)	28.58%
Tax credits	0.10%	0.00%	0.00%
Uncertain tax positions	(2.94%)	39.60%	114.18%
Unrecognized tax loss	0.00%	(67.18%)	0.00%
Income tax rate change	(2.40%)	0.00%	0.00%
Tax rate differences on foreign earnings	(6.62%)	28.75%	73.11%
Other	3.04%	7.85%	7.96%
Effective tax rate	(14.92%)	2558.86%	292.92%

INCOME TAXES - Unrecognized Tax Benefits (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Reconciliation of Unrecognized Tax Benefits, Excluding Amounts Pertaining to Examined Tax Returns [Roll Forward]
Amount of unrecognized tax benefits as of the beginning of the year	$ 9,767	$ 9,687
Decreases as a result of tax positions taken in a prior period	(2,591)	(192)
Increases as a result of tax positions taken in a prior period	767	22
Increases as a result of tax positions taken in the current period	598	250
Amount of unrecognized tax benefits as of the end of the year	$ 8,541	$ 9,767

LOSS PER SHARE (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2020	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Earnings Per Share [Abstract]
Net loss attributable to Altisource	$ (7,208)	$ (13,237)	$ (35,061)	$ (11,650)	$ (306,106)	$ 7,165	$ (5,844)	$ (3,184)	$ (67,156)	$ (307,969)	$ (5,382)
Weighted average common shares outstanding, basic (in shares)	15,657	15,637	15,601	15,497	15,568	15,897	16,214	16,292	15,598	15,991	17,073
Weighted average common shares outstanding, diluted (in shares)	15,657	15,637	15,601	15,497	15,568	16,151	16,214	16,292	15,598	15,991	17,073
Loss per share:
Basic (in dollars per share)	$ (0.46)	$ (0.85)	$ (2.25)	$ (0.75)	$ (19.66)	$ 0.45	$ (0.36)	$ (0.20)	$ (4.31)	$ (19.26)	$ (0.32)
Diluted (in dollars per share)	$ (0.46)	$ (0.85)	$ (2.25)	$ (0.75)	$ (19.66)	$ 0.44	$ (0.36)	$ (0.20)	$ (4.31)	$ (19.26)	$ (0.32)
Anti-dilutive securities
Excluded from the computation of diluted EPS (in shares)									1,600	1,600	1,200
Options, Restricted Stock and Restricted Stock Units Whose Impacts are Anti-Dilutive Because of Net Loss
Anti-dilutive securities
Excluded from the computation of diluted EPS (in shares)									200	300	500
Options Whose Exercise Price is Greater than Average Market Price
Anti-dilutive securities
Excluded from the computation of diluted EPS (in shares)									500	500	300
Options, Restricted Shares and Restricted Share Units Issuable upon Achievement of Certain Market and Performance Criteria That Has Not Been Met
Anti-dilutive securities
Excluded from the computation of diluted EPS (in shares)									900	800	500

RESTRUCTURING CHARGES (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
RESTRUCTURING CHARGES (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Restructuring Charges [Abstract]
Restructuring charges	$ 1,100	$ 2,200	$ 5,800	$ 2,900	$ 5,000	$ 2,800	$ 1,900	$ 4,400	$ 11,972	$ 14,080	$ 11,560

COMMITMENTS, CONTINGENCIES AND REGULATORY MATTERS (Details) $ in Thousands		3 Months Ended								12 Months Ended
	Dec. 31, 2020 USD ($) agreement lease	Dec. 31, 2020 USD ($) agreement lease	Sep. 30, 2020 USD ($)	Jun. 30, 2020 USD ($)	Mar. 31, 2020 USD ($)	Dec. 31, 2019 USD ($)	Sep. 30, 2019 USD ($)	Jun. 30, 2019 USD ($)	Mar. 31, 2019 USD ($)	Dec. 31, 2020 USD ($) agreement lease	Dec. 31, 2019 USD ($)	Dec. 31, 2018 USD ($)	Jan. 01, 2019 USD ($)
Concentration Risk
Revenue		$ 59,966	$ 88,795	$ 95,342	$ 121,444	$ 140,688	$ 141,493	$ 196,535	$ 169,935	$ 365,547	$ 648,651	$ 838,202
Right-to-use assets	$ 18,213	18,213				29,074				18,213	29,074		$ 42,100
Lease obligation liabilities	19,890	19,890								19,890			45,500
Lease obligation liabilities, current	$ 7,609	$ 7,609				$ 11,398				$ 7,609	$ 11,398		$ 16,700
Operating Lease, Liability, Current, Statement of Financial Position [Extensible List]	us-gaap:OtherLiabilitiesCurrent	us-gaap:OtherLiabilitiesCurrent				us-gaap:OtherLiabilitiesCurrent				us-gaap:OtherLiabilitiesCurrent	us-gaap:OtherLiabilitiesCurrent		us-gaap:OtherLiabilitiesCurrent
Lease obligation liabilities, noncurrent	$ 12,281	$ 12,281				$ 19,707				$ 12,281	$ 19,707		$ 28,800
Operating Lease, Liability, Noncurrent, Statement of Financial Position [Extensible List]	us-gaap:OtherLiabilitiesNoncurrent	us-gaap:OtherLiabilitiesNoncurrent				us-gaap:OtherLiabilitiesNoncurrent				us-gaap:OtherLiabilitiesNoncurrent	us-gaap:OtherLiabilitiesNoncurrent		us-gaap:OtherLiabilitiesNoncurrent
Reduction accrued rent and lease incentives, effect of adopting accounting standard													$ 3,400
Sublease income										$ 1,400	$ 1,700	1,600
Lease term, not commenced	5 years	5 years								5 years
Amounts held in escrow and trust accounts	$ 20,000	$ 20,000				$ 12,300				$ 20,000	12,300
Sales Tax Exposure
Concentration Risk
Loss (gain) related to sales tax exposure		$ (2,100)	$ (600)						$ 2,100	$ (2,700)	$ 300	$ 6,200
Ocwen \| Customer Concentration Risk \| Revenue
Concentration Risk
Percentage of revenue from largest customer										54.00%	56.00%	52.00%
Revenue										$ 197,800	$ 362,700	$ 437,400
Highly Correlated - Ocwen \| Customer Concentration Risk \| Revenue
Concentration Risk
Percentage of revenue from largest customer										7.00%
Revenue										$ 23,800	37,500	47,100
NRZ
Concentration Risk
Subservice transferred subject MSRs, initial term										5 years
NRZ \| Customer Concentration Risk \| Revenue
Concentration Risk
Percentage of loans serviced and subserviced by largest customer's largest client	36.00%
Revenue										$ 8,600	12,500	28,700
Ocwen, Investor \| Mortgage Servicing Rights
Concentration Risk
Revenue										70,100	150,200	171,000
Ocwen, Investor \| Default Valuations and Title Services
Concentration Risk
Revenue										$ 18,200	$ 33,200	$ 40,100
NRZ \| Ocwen
Concentration Risk
Subservice transferred subject MSRs, initial term										5 years
NRZ \| Ocwen \| Customer Concentration Risk \| Revenue
Concentration Risk
Percentage of revenue from largest customer										36.00%
Standby Letters of Credit
Concentration Risk
Standby letters of credit, number \| agreement	3	3								3
Standby letters of credit, amount	$ 800	$ 800								$ 800
Number of office leases \| lease	3	3								3
Minimum
Concentration Risk
Lease term			1 year
Maximum
Concentration Risk
Lease term			6 years

COMMITMENTS, CONTINGENCIES AND REGULATORY MATTERS - Lease Term and Assumption (Details)	Dec. 31, 2020	Dec. 31, 2019
Commitments and Contingencies Disclosure [Abstract]
Weighted average remaining lease term (in years)	3 years 2 months 4 days	3 years 2 months 23 days
Weighted average discount rate	7.01%	7.11%

COMMITMENTS, CONTINGENCIES AND REGULATORY MATTERS - Lease Activity (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Lessee, Lease, Description [Line Items]
Cash used in operating activities for amounts included in the measurement of lease liabilities	$ 13,113	$ 15,446
Short-term (twelve months or less) lease costs	3,797	4,999
Selling, general and administrative expense
Lessee, Lease, Description [Line Items]
Operating lease costs	9,712	10,698
Cost of revenue
Lessee, Lease, Description [Line Items]
Operating lease costs	$ 1,919	$ 2,757

COMMITMENTS, CONTINGENCIES AND REGULATORY MATTERS - Maturities of Operating Lease Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Jan. 01, 2019
Commitments and Contingencies Disclosure [Abstract]
2021	$ 8,268
2022	5,765
2023	4,671
2024	2,901
2025	599
Total lease payments	22,204
Less: interest	(2,314)
Present value of lease liabilities	$ 19,890	$ 45,500

QUARTERLY FINANCIAL DATA (UNAUDITED) (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2020	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018	Jul. 01, 2020	Jul. 01, 2019
Quarterly Financial Information Disclosure [Abstract]
Revenue	$ 59,966	$ 88,795	$ 95,342	$ 121,444	$ 140,688	$ 141,493	$ 196,535	$ 169,935	$ 365,547	$ 648,651	$ 838,202
Gross profit	4,551	16,225	12,714	26,863	35,083	30,771	43,821	45,720	60,353	155,395	216,037
Loss before income taxes and non-controlling interests	(3,695)	(11,140)	(33,747)	(9,124)	(8,459)	12,955	11,909	(3,966)	(57,706)	12,439	1,399
Net loss	(7,009)	(12,897)	(34,864)	(11,545)	(306,085)	7,576	(4,604)	(2,744)	(66,315)	(305,857)	(2,699)
Net loss attributable to Altisource	$ (7,208)	$ (13,237)	$ (35,061)	$ (11,650)	$ (306,106)	$ 7,165	$ (5,844)	$ (3,184)	$ (67,156)	$ (307,969)	$ (5,382)
Loss per share:
Basic (in dollars per share)	$ (0.46)	$ (0.85)	$ (2.25)	$ (0.75)	$ (19.66)	$ 0.45	$ (0.36)	$ (0.20)	$ (4.31)	$ (19.26)	$ (0.32)
Diluted (in dollars per share)	$ (0.46)	$ (0.85)	$ (2.25)	$ (0.75)	$ (19.66)	$ 0.44	$ (0.36)	$ (0.20)	$ (4.31)	$ (19.26)	$ (0.32)
Weighted average shares outstanding:
Basic (in shares)	15,657	15,637	15,601	15,497	15,568	15,897	16,214	16,292	15,598	15,991	17,073
Diluted (in shares)	15,657	15,637	15,601	15,497	15,568	16,151	16,214	16,292	15,598	15,991	17,073
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Income tax provision									$ 8,609	$ 318,296	$ 4,098
Income tax expense, foreign income tax reserves					$ 5,600
Restructuring charges	$ 1,100	$ 2,200	$ 5,800	$ 2,900	5,000	$ 2,800	$ 1,900	$ 4,400	11,972	14,080	11,560
Severance		700
Gain on sale of business									0	17,814	13,688
Financial Services Business \| Discontinued Operations, Disposed of by Sale
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Total proceeds from the sale of business													$ 44,000
Payment included in consideration, subject to working capital adjustment upon closing of the sale												$ 3,300	40,000
Additional payment to be received on one-year anniversary of the sale closing													$ 4,000
Gain on sale of business						17,600				17,800
Working capital adjustment					300
Owners.com \| Disposal Group, Disposed of by Sale, Not Discontinued Operations
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Goodwill impairment					5,200					5,200
Intangible asset impairment					700					700
Buy-Renovate-Lease-Sell Business \| Disposal Group, Disposed of by Sale, Not Discontinued Operations
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Loss on sale of inventory							1,800
Altisource Residential Corporation
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Unrealized gain (loss) on investment in equity securities	16,400	100	$ (11,200)	$ (1,300)	2,700	(2,300)	11,800	2,200	4,000	14,400	(13,000)
Luxembourg
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Change in valuation for net operating loss carryforward					291,500
Change in statutory income tax rate					$ 1,700		$ 12,300
Sales Tax Exposure
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Net reimbursement from third party						$ (1,700)
Loss (gain) related to sales tax exposure	$ (2,100)	$ (600)						$ 2,100	$ (2,700)	$ 300	$ 6,200

SCHEDULE II. VALUATION AND QUALIFYING ACCOUNTS (Details) - USD ($)
$ in Thousands

12 Months Ended

Dec. 31, 2020

Dec. 31, 2019

Dec. 31, 2018

Allowance for doubtful accounts

Deductions from asset accounts:

Balance at Beginning of Period

$ 4,472

$ 10,883

$ 10,579

Additions, Charged to Expenses

2,229

720

2,830

Additions, Charged to Other Accounts

^[1]

(70)

(7)

Deductions

^[2]

1,120

7,061

2,519

Balance at End of Period

5,581

4,472

10,883

Valuation allowance for deferred tax assets

Deductions from asset accounts:

Balance at Beginning of Period

355,559

46,751

46,283

Additions, Charged to Expenses

16,668

308,808

468

Additions, Charged to Other Accounts

Deductions

Balance at End of Period

$ 372,227

$ 355,559

$ 46,751

[1]	For allowance for credit losses, primarily includes amounts previously written off which were credited directly to this account when recovered.
[2]	For allowance for credit losses, amounts written off as uncollectible or transferred to other accounts or utilized.

SHAREHOLDERS' EQUITY AND SHARE-BASED COMPENSATION - Market-based options vesting prices (Details)	Dec. 31, 2020 $ / shares shares
Stock Options, Market-Based, Ordinary Performance
Market prices for market performance options to vest
Market-based options, options expected to vest (in shares)	83,374
Market-based options, weighted average share price (in dollars per share) \| $ / shares	$ 55.14
Stock Options, Market-Based, Extraordinary Performance
Market prices for market performance options to vest
Market-based options, options expected to vest (in shares)	67,724
Market-based options, weighted average share price (in dollars per share) \| $ / shares	$ 50.67
$50.01 — $60.00
Market prices for market performance options to vest
Market-based options, vesting price, low end of range (in dollars per share) \| $ / shares	50.01
Market-based options, vesting price, high end of range (in dollars per share) \| $ / shares	$ 60.00
$50.01 — $60.00 \| Stock Options, Market-Based, Ordinary Performance
Market prices for market performance options to vest
Market-based options, options expected to vest (in shares)	36,726
$50.01 — $60.00 \| Stock Options, Market-Based, Extraordinary Performance
Market prices for market performance options to vest
Market-based options, options expected to vest (in shares)	4,162
$60.01 — $70.00
Market prices for market performance options to vest
Market-based options, vesting price, low end of range (in dollars per share) \| $ / shares	$ 60.01
Market-based options, vesting price, high end of range (in dollars per share) \| $ / shares	$ 70.00
$60.01 — $70.00 \| Stock Options, Market-Based, Ordinary Performance
Market prices for market performance options to vest
Market-based options, options expected to vest (in shares)	11,648
$60.01 — $70.00 \| Stock Options, Market-Based, Extraordinary Performance
Market prices for market performance options to vest
Market-based options, options expected to vest (in shares)	6,250
$70.01 — $80.00
Market prices for market performance options to vest
Market-based options, vesting price, low end of range (in dollars per share) \| $ / shares	$ 70.01
Market-based options, vesting price, high end of range (in dollars per share) \| $ / shares	$ 80.00
$70.01 — $80.00 \| Stock Options, Market-Based, Ordinary Performance
Market prices for market performance options to vest
Market-based options, options expected to vest (in shares)	0
$70.01 — $80.00 \| Stock Options, Market-Based, Extraordinary Performance
Market prices for market performance options to vest
Market-based options, options expected to vest (in shares)	11,500
$80.01 — $90.00
Market prices for market performance options to vest
Market-based options, vesting price, low end of range (in dollars per share) \| $ / shares	$ 80.01
Market-based options, vesting price, high end of range (in dollars per share) \| $ / shares	$ 90.00
$80.01 — $90.00 \| Stock Options, Market-Based, Ordinary Performance
Market prices for market performance options to vest
Market-based options, options expected to vest (in shares)	0
$80.01 — $90.00 \| Stock Options, Market-Based, Extraordinary Performance
Market prices for market performance options to vest
Market-based options, options expected to vest (in shares)	7,362
$90.01 — $100.00
Market prices for market performance options to vest
Market-based options, vesting price, low end of range (in dollars per share) \| $ / shares	$ 90.01
Market-based options, vesting price, high end of range (in dollars per share) \| $ / shares	$ 100.00
$90.01 — $100.00 \| Stock Options, Market-Based, Ordinary Performance
Market prices for market performance options to vest
Market-based options, options expected to vest (in shares)	0
$90.01 — $100.00 \| Stock Options, Market-Based, Extraordinary Performance
Market prices for market performance options to vest
Market-based options, options expected to vest (in shares)	5,325
$100.01 — $110.00
Market prices for market performance options to vest
Market-based options, vesting price, low end of range (in dollars per share) \| $ / shares	$ 100.01
Market-based options, vesting price, high end of range (in dollars per share) \| $ / shares	$ 110.00
$100.01 — $110.00 \| Stock Options, Market-Based, Ordinary Performance
Market prices for market performance options to vest
Market-based options, options expected to vest (in shares)	0
$100.01 — $110.00 \| Stock Options, Market-Based, Extraordinary Performance
Market prices for market performance options to vest
Market-based options, options expected to vest (in shares)	1,000
$170.01 — $180.00
Market prices for market performance options to vest
Market-based options, vesting price, low end of range (in dollars per share) \| $ / shares	$ 170.01
Market-based options, vesting price, high end of range (in dollars per share) \| $ / shares	$ 180.00
$170.01 — $180.00 \| Stock Options, Market-Based, Ordinary Performance
Market prices for market performance options to vest
Market-based options, options expected to vest (in shares)	12,500
$170.01 — $180.00 \| Stock Options, Market-Based, Extraordinary Performance
Market prices for market performance options to vest
Market-based options, options expected to vest (in shares)	0
$180.01 — $190.00
Market prices for market performance options to vest
Market-based options, vesting price, low end of range (in dollars per share) \| $ / shares	$ 180.01
Market-based options, vesting price, high end of range (in dollars per share) \| $ / shares	$ 190.00
$180.01 — $190.00 \| Stock Options, Market-Based, Ordinary Performance
Market prices for market performance options to vest
Market-based options, options expected to vest (in shares)	7,500
$180.01 — $190.00 \| Stock Options, Market-Based, Extraordinary Performance
Market prices for market performance options to vest
Market-based options, options expected to vest (in shares)	14,625
Over $190.00
Market prices for market performance options to vest
Market-based options, vesting price, high end of range (in dollars per share) \| $ / shares	$ 190.00
Over $190.00 \| Stock Options, Market-Based, Ordinary Performance
Market prices for market performance options to vest
Market-based options, options expected to vest (in shares)	15,000
Over $190.00 \| Stock Options, Market-Based, Extraordinary Performance
Market prices for market performance options to vest
Market-based options, options expected to vest (in shares)	17,500