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Note 3 - Segment Reporting (Tables) | 6 Months Ended
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Jun. 30, 2020
Segment Reporting [Abstract] |
Reconciliation of Operating Profit (Loss) from Segments to Consolidated [Table Text Block] | The reconciliation of adjusted pretax operating income (loss) for our reportable segments to consolidated pretax income (loss) is as follows:
| Three Months Ended June 30, |  |  |  | Six Months Ended June 30, |  |  |
(In thousands) | 2020 |  | 2019 |  | 2020 |  | 2019 |
Adjusted pretax operating income (loss): |  |  |  |  |  |  |  |
Mortgage (1) | $ | (88,321) |  |  | $ | 214,710 |  | (2) | $ | 117,346 |  |  | $ | 418,341 |  | (2)
Real Estate (3) | (4,817) |  |  | (3,772) |  |  | (9,684) |  |  | (7,697) |  |
Total adjusted pretax operating income (loss) for reportable segments | (93,138) |  |  | 210,938 |  |  | 107,662 |  |  | 410,644 |  |
All Other adjusted pretax operating income (loss) | 4,639 |  |  | 4,901 |  |  | 8,438 |  |  | 7,265 |  |
Net gains (losses) on investments and other financial instruments | 47,276 |  |  | 12,540 |  |  | 25,249 |  |  | 34,453 |  |
Loss on extinguishment of debt | — |  |  | (16,798) |  |  | — |  |  | (16,798) |  |
Amortization and impairment of other acquired intangible assets | (979) |  |  | (2,139) |  |  | (1,958) |  |  | (4,326) |  |
Impairment of other long-lived assets and other non-operating items | (22) |  |  | 103 |  |  | (322) |  |  | (5,557) |  |
Consolidated pretax income (loss) | $ | (42,224) |  |  | $ | 209,545 |  |  | $ | 139,069 |  |  | $ | 425,681 |  |
______________________ (1)Includes allocated corporate operating expenses and depreciation expense as follows:
| Three Months Ended June 30, |  |  |  | Six Months Ended June 30, |  |  |
(In thousands) | 2020 |  | 2019 |  | 2020 |  | 2019 |
Allocated corporate operating expenses | $ | 25,191 |  |  | $ | 24,388 |  |  | $ | 54,265 |  |  | $ | 50,013 |  |
Depreciation expense | 3,112 |  |  | 3,849 |  |  | 6,824 |  |  | 7,711 |  |
(2)Includes a cumulative adjustment to unearned premiums recorded in the second quarter of 2019, as further described below. (3)Includes allocated corporate operating expenses and depreciation expense as follows:
| Three Months Ended June 30, |  |  |  | Six Months Ended June 30, |  |  |
(In thousands) | 2020 |  | 2019 |  | 2020 |  | 2019 |
Allocated corporate operating expenses | $ | 3,339 |  |  | $ | 2,659 |  |  | $ | 7,175 |  |  | $ | 5,454 |  |
Depreciation expense | 776 |  |  | 615 |  |  | 1,442 |  |  | 1,208 |  |
Our results for the second quarter of 2019 include a $32.9 million increase in net premiums earned and a $0.12 increase in net income per share due to a reduction in our unearned premiums, resulting from a cumulative adjustment related to an update to the amortization rates used to recognize revenue for Single Premium Policies. See Note 2 of Notes to Consolidated Financial Statements in our 2019 Form 10-K for additional information regarding this adjustment and our accounting policies for insurance premiums revenue recognition.
Reconciliation of Revenue from Segments to Consolidated [Table Text Block] | The reconciliation of revenue for our reportable segments to consolidated revenues is as follows:
| Three Months Ended June 30, |  |  |  | Six Months Ended June 30, |  |  |
(In thousands) | 2020 |  | 2019 |  | 2020 |  | 2019 |
Revenues: |  |  |  |  |  |  |  |
Mortgage (1) | $ | 286,943 |  |  | $ | 336,644 |  | (2) | $ | 602,027 |  |  | $ | 639,014 |  | (2)
Real Estate (1) | 26,092 |  |  | 27,627 |  |  | 54,675 |  |  | 50,650 |  |
Total revenues for reportable segments | 313,035 |  |  | 364,271 |  |  | 656,702 |  |  | 689,664 |  |
All Other revenues | 6,493 |  |  | 18,519 |  |  | 14,126 |  |  | 35,358 |  |
Net gains (losses) on investments and other financial instruments | 47,276 |  |  | 12,540 |  |  | 25,249 |  |  | 34,453 |  |
Other non-operating revenue | 247 |  |  | — |  |  | 247 |  |  | — |  |
Elimination of inter-segment revenues | (2,610) |  |  | (366) |  |  | (2,802) |  |  | (882) |  |
Total revenues | $ | 364,441 |  |  | $ | 394,964 |  |  | $ | 693,522 |  |  | $ | 758,593 |  |
______________________ (1)Includes immaterial inter-segment revenues for the three and six months ended June 30, 2020 and 2019. (2)Includes a cumulative adjustment to unearned premiums recorded in the second quarter of 2019 as further described above.
Services Revenue [Table Text Block] | The table below, which represents total services revenue on our condensed consolidated statements of operations for the periods indicated, represents the disaggregation of services revenues from external customers, by type:
| Three Months Ended June 30, |  |  |  | Six Months Ended June 30, |  |
(In thousands) | 2020 |  | 2019 |  | 2020 |  | 2019
Services revenue |  |  |  |  |  |  |
Real Estate services: |  |  |  |  |  |  |
Valuation services | $ | 7,794 |  |  | $ | 13,358 |  |  | $ | 19,638 |  |  | $ | 26,064 |
Title services | 9,059 |  |  | 4,999 |  |  | 16,364 |  |  | 6,599 |
Asset management services | 6,964 |  |  | 6,461 |  |  | 13,338 |  |  | 12,733 |
Other real estate services | 340 |  |  | 72 |  |  | 750 |  |  | 72 |
Mortgage services | 3,918 |  |  | 1,872 |  |  | 7,051 |  |  | 2,516 |
All Other services | — |  |  | 12,541 |  |  | 2,861 |  |  | 24,072 |
Total services revenue | $ | 28,075 |  |  | $ | 39,303 |  |  | $ | 60,002 |  |  | $ | 72,056 |

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