XML 266 R75.htm IDEA: XBRL DOCUMENT
v3.23.1

LONG-TERM DEBT - Narrative (Details) |  | 1 Months Ended | 12 Months Ended
--- | --- | --- | ---
Jun. 22, 2021 USD ($) | Apr. 30, 2018 USD ($) lender | Dec. 31, 2022 USD ($) | Dec. 31, 2021 USD ($)
Debt Instrument [Line Items] |  |  |  |
Debt issuance costs, net |  |  | $ 900,000 | $ 1,600,000
Accumulated amortization |  |  | 3,600,000 | 2,900,000
Interest on long-term debt |  |  | (16,639,000) | (14,547,000)
Gross, long-term debt |  |  | $ 247,204,000 |
Altisource S.A.R.L. |  |  |  |
Debt Instrument [Line Items] |  |  |  |
Noncontrolling ownership percentage |  |  | 24.00% |
Credit Facility |  |  |  |
Debt Instrument [Line Items] |  |  |  |
Debt issuance costs, net |  |  | $ 300,000 | 400,000
Accumulated amortization |  |  | 300,000 | 100,000
Interest rate (in percent) | 9.00% |  |  |
Line of credit facility, commitment fee amount | $ 500,000 |  |  |
Unused commitment fee | 0.50% |  |  |
Payment due date | 3 days |  |  |
Line of credit facility, covenant threshold | $ 40,000,000 |  |  |
Gross, long-term debt |  |  | $ 0 | 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 |
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 |  |
Amount of debt which results in acceleration of debt if failed to pay considered as event of default |  | 40,000,000 |  |
Amount of unbonded, undischarged or unstayed debt under entry by court of one or more judgments for certain period to determine as event of default |  | $ 40,000,000 |  |
Senior secured term loans |  |  |  |
Debt Instrument [Line Items] |  |  |  |
Debt issuance costs, net |  |  | $ 878,000 | 1,632,000
Interest on long-term debt |  |  | 16,400,000 | (13,900,000)
Gross, long-term debt |  |  | $ 247,204,000 | $ 247,204,000
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 |  |
April 3, 2018 Credit Agreement | Term B Loans |  |  |  |
Debt Instrument [Line Items] |  |  |  |
Debt instrument, face amount |  | $ 412,000,000 |  |
Interest rate at the end of the period |  |  | 7.67% |
April 3, 2018 Credit Agreement | Term B Loans | Adjusted Eurodollar Rate |  |  |  |
Debt Instrument [Line Items] |  |  |  |
Fixed interest rate base |  | 1.00% |  |
Interest rate margin (in percent) |  | 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 (in percent) |  | 3.00% |  |
April 3, 2018 Credit Agreement | Line of Credit | Credit Facility |  |  |  |
Debt Instrument [Line Items] |  |  |  |
Debt instrument, face amount |  | $ 15,000,000 |  |
Increase in incremental indebtedness limit |  | $ 80,000,000 |  |
Credit Facility Borrowings Through June 22, 2022 | Credit Facility |  |  |  |
Debt Instrument [Line Items] |  |  |  |
Line of credit facility, maximum borrowing capacity | 20,000,000 |  |  |
Line of credit amortization period |  |  | 3 years |
Line of credit facility, outstanding balance threshold | 15,000,000 |  |  |
Credit Facility Borrowings Through June 22, 2023 | Credit Facility |  |  |  |
Debt Instrument [Line Items] |  |  |  |
Line of credit facility, maximum borrowing capacity | 15,000,000 |  |  |
Line of credit facility, outstanding balance threshold | 10,000,000 |  |  |
Credit Facility Borrowings Through End Of Term | Credit Facility |  |  |  |
Debt Instrument [Line Items] |  |  |  |
Line of credit facility, maximum borrowing capacity | $ 10,000,000 |  |  |

X
- Definition Debt Covenant, Payment Due Date, Default Period + References No definition available. + Details
Name: | asps_DebtCovenantPaymentDueDateDefaultPeriod
Namespace Prefix: | asps_
Data Type: | xbrli:durationItemType
Balance Type: | na
Period Type: | duration

X
- Definition Represents the potential increase in additional borrowings on existing and new debt instruments under accordion feature. + References No definition available. + Details
Name: | asps_DebtInstrumentAccordionFeaturePotentialIncreaseinAdditionalBorrowings
Namespace Prefix: | asps_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Represents the amount of debt which results in acceleration of debt, if failed to pay, is considered as event of default under the credit agreement. + References No definition available. + Details
Name: | asps_DebtInstrumentAmountOfDebtWhichResultsAccelerationOfDebtIfFailedToPayConsideredAsEventOfDefault
Namespace Prefix: | asps_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Represents the amount of principal or interest, if failed to pay, is considered as event of default under the credit agreement. + References No definition available. + Details
Name: | asps_DebtInstrumentAmountOfPrincipalOrInterestIfFailedToPayConsideredAsEventOfDefault
Namespace Prefix: | asps_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Represents the amount unbonded, undischarged or unstayed debt under entry by a court of one or more judgments for certain period to determine the event of default as per the credit agreement. + References No definition available. + Details
Name: | asps_DebtInstrumentAmountOfUnbondedUndischargedOrUnstayedDebtUnderEntryByCourtOfOneOrMoreJudgmentsForCertainPeriodToDetermineEventOfDefault
Namespace Prefix: | asps_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition The maximum leverage ratio at which mandatory prepayments increase under the credit facility covenants. + References No definition available. + Details
Name: | asps_DebtInstrumentCovenantLeverageRatioatWhichMandatoryPrepaymentsIncrease
Namespace Prefix: | asps_
Data Type: | xbrli:pureItemType
Balance Type: | na
Period Type: | duration

X
- Definition Represents the fixed rate used in the calculation of the base interest rate of the debt instrument. + References No definition available. + Details
Name: | asps_DebtInstrumentFixedBaseRate
Namespace Prefix: | asps_
Data Type: | dtr-types:percentItemType
Balance Type: | na
Period Type: | duration

X
- Definition Debt Instrument, Number Of Incremental Lenders + References No definition available. + Details
Name: | asps_DebtInstrumentNumberOfIncrementalLenders
Namespace Prefix: | asps_
Data Type: | xbrli:integerItemType
Balance Type: | na
Period Type: | instant

X
- Definition Line of Credit Facility, Covenant Threshold + References No definition available. + Details
Name: | asps_LineOfCreditFacilityCovenantThreshold
Namespace Prefix: | asps_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Line of Credit Facility, Outstanding Balance Threshold + References No definition available. + Details
Name: | asps_LineOfCreditFacilityOutstandingBalanceThreshold
Namespace Prefix: | asps_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition The maximum leverage ratio required to be maintained to avoid mandatory prepayments under the credit facility covenants. + References No definition available. + Details
Name: | asps_MaximumDebtInstrumentCovenantLeverageRatiotoAvoidMandatoryPrepayments
Namespace Prefix: | asps_
Data Type: | xbrli:pureItemType
Balance Type: | na
Period Type: | duration

X
- Definition Amount of accumulated amortization of debt issuance costs. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 3 -URI https://asc.fasb.org/extlink&oid=124435984&loc=d3e28555-108399 + Details
Name: | us-gaap_AccumulatedAmortizationDeferredFinanceCosts
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Percentage points added to the reference rate to compute the variable rate on the debt instrument. + References No definition available. + Details
Name: | us-gaap_DebtInstrumentBasisSpreadOnVariableRate1
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:percentItemType
Balance Type: | na
Period Type: | duration

X
- Definition Amount, before unamortized (discount) premium and debt issuance costs, of long-term debt. Includes, but is not limited to, notes payable, bonds payable, commercial loans, mortgage loans, convertible debt, subordinated debt and other types of debt. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 20 -Section 50 -Paragraph 4 -Subparagraph (b)(1) -URI https://asc.fasb.org/extlink&oid=123466204&loc=SL6031897-161870 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03(16)) -URI https://asc.fasb.org/extlink&oid=126734703&loc=d3e572229-122910 Reference 3: 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 https://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03(16)) -URI https://asc.fasb.org/extlink&oid=126897435&loc=d3e534808-122878 + Details
Name: | us-gaap_DebtInstrumentCarryingAmount
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Face (par) amount of debt instrument at time of issuance. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 20 -Section 50 -Paragraph 1B -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=123466505&loc=SL123495323-112611 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 2 -URI https://asc.fasb.org/extlink&oid=124435984&loc=d3e28551-108399 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 55 -Paragraph 8 -URI https://asc.fasb.org/extlink&oid=114775985&loc=d3e28878-108400 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 50 -Paragraph 1 -URI https://asc.fasb.org/extlink&oid=124429444&loc=SL124452920-239629 Reference 5: http://www.xbrl.org/2003/role/exampleRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 20 -Section 55 -Paragraph 69C -URI https://asc.fasb.org/extlink&oid=123466577&loc=SL123495737-112612 Reference 6: http://www.xbrl.org/2003/role/exampleRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 20 -Section 55 -Paragraph 69B -URI https://asc.fasb.org/extlink&oid=123466577&loc=SL123495735-112612 + Details
Name: | us-gaap_DebtInstrumentFaceAmount
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Effective interest rate for the funds borrowed under the debt agreement considering interest compounding and original issue discount or premium. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 20 -Section 50 -Paragraph 6 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=123466204&loc=SL6036836-161870 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 2 -URI https://asc.fasb.org/extlink&oid=124435984&loc=d3e28551-108399 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 50 -Paragraph 1 -URI https://asc.fasb.org/extlink&oid=124429444&loc=SL124452920-239629 Reference 4: 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(a)(1)) -URI https://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 + Details
Name: | us-gaap_DebtInstrumentInterestRateEffectivePercentage
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:percentItemType
Balance Type: | na
Period Type: | instant

X
- Definition Contractual interest rate for funds borrowed, under the debt agreement. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 20 -Section 50 -Paragraph 1B -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=123466505&loc=SL123495323-112611 Reference 2: 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(a)(1)) -URI https://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 + Details
Name: | us-gaap_DebtInstrumentInterestRateStatedPercentage
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:percentItemType
Balance Type: | na
Period Type: | instant

X
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. + References No definition available. + Details
Name: | us-gaap_DebtInstrumentLineItems
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Amount, after accumulated amortization, of debt issuance costs. Includes, but is not limited to, legal, accounting, underwriting, printing, and registration costs. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 20 -Section 50 -Paragraph 1D -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=123466505&loc=SL123495340-112611 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 3 -URI https://asc.fasb.org/extlink&oid=124435984&loc=d3e28555-108399 + Details
Name: | us-gaap_DeferredFinanceCostsNet
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Amount of the cost of borrowed funds accounted for as interest expense. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=6450988&loc=d3e26243-108391 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 3 -URI https://asc.fasb.org/extlink&oid=124435984&loc=d3e28555-108399 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Subparagraph (d) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8736-108599 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (210.5-03(11)) -URI https://asc.fasb.org/extlink&oid=126953954&loc=SL114868664-224227 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 220 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-04.9) -URI https://asc.fasb.org/extlink&oid=120399700&loc=SL114874048-224260 + Details
Name: | us-gaap_InterestExpense
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition Amount of the fee for available but unused credit capacity under the credit facility. + 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 210.5-02.19(b),22(b)) -URI https://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 + Details
Name: | us-gaap_LineOfCreditFacilityCommitmentFeeAmount
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition Period remaining on line of credit facility before it terminates, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. + References No definition available. + Details
Name: | us-gaap_LineOfCreditFacilityExpirationPeriod
Namespace Prefix: | us-gaap_
Data Type: | xbrli:durationItemType
Balance Type: | na
Period Type: | duration

X
- Definition Maximum borrowing capacity under the credit facility without consideration of any current restrictions on the amount that could be borrowed or the amounts currently outstanding under the facility. + 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 210.5-02.19(b),22(b)) -URI https://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 + Details
Name: | us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition The fee, expressed as a percentage of the line of credit facility, for available but unused credit capacity under the credit facility. + References No definition available. + Details
Name: | us-gaap_LineOfCreditFacilityUnusedCapacityCommitmentFeePercentage
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:percentItemType
Balance Type: | na
Period Type: | duration

X
- Definition The equity interest of noncontrolling shareholders, partners or other equity holders in consolidated entity. + References No definition available. + Details
Name: | us-gaap_MinorityInterestOwnershipPercentageByNoncontrollingOwners
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:percentItemType
Balance Type: | na
Period Type: | instant

X
- Details
Name: | srt_OwnershipAxis=asps_AltisourceSARLMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_CreditFacilityAxis=us-gaap_RevolvingCreditFacilityMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_LongtermDebtTypeAxis=asps_TermBLoansMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_RangeAxis=srt_MaximumMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_LongtermDebtTypeAxis=asps_SeniorSecuredTermLoanMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=asps_April32018CreditAgreementMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_VariableRateAxis=asps_DebtInstrumentVariableRateAdjustedEurodollarRateMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_VariableRateAxis=us-gaap_BaseRateMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_LongtermDebtTypeAxis=us-gaap_LineOfCreditMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=asps_CreditFacilityBorrowingsThroughJune222022Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=asps_CreditFacilityBorrowingsThroughJune222023Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=asps_CreditFacilityBorrowingsThroughEndOfTermMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |