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Consolidated Statements of Operations and Comprehensive Income (Loss) (USD $)
In Thousands, except Per Share data, unless otherwise specified
6 Months Ended 12 Months Ended
Dec. 31, 2011
Dec. 31, 2012
Jun. 30, 2011
Jun. 30, 2010
Revenues:        
Premiums earned $ 80,637 $ 185,644 $ 173,041 $ 187,046
Commission and fee income 14,769 32,574 29,483 28,852
Investment income 3,930 6,599 8,395 7,958
Net realized gains (losses) on investments, available-for-sale (232) 3,242 (185) (683)
Total revenues 99,104 228,059 210,734 223,173
Costs and expenses:        
Losses and loss adjustment expenses 65,753 148,223 129,167 126,995
Insurance operating expenses 38,154 82,127 77,822 79,833
Other operating expenses 494 922 1,369 2,233
Litigation settlement     (9) (361)
Stock-based compensation 171 604 998 1,048
Depreciation and amortization 751 2,203 1,605 2,013
Interest expense 1,980 3,025 3,930 3,931
Goodwill and intangible assets impairment 21,090   52,434  
Total costs and expenses 128,393 237,104 267,316 215,692
Income (loss) before income taxes (29,289) (9,045) (56,582) 7,481
Provision (benefit) for income taxes 148 (5) 198 441
Net income (loss) (29,437) (9,040) (56,780) 7,040
Net income (loss) per share:        
Basic $ (0.62) $ (0.22) $ (1.18) $ 0.15
Diluted $ (0.62) $ (0.22) $ (1.18) $ 0.15
Number of shares used to calculate net income (loss) per share:        
Basic 47,707 40,861 48,171 47,961
Diluted 47,707 40,861 48,171 48,418
Reconciliation of net income (loss) to comprehensive income (loss):        
Net income (loss) (29,437) (9,040) (56,780) 7,040
Net unrealized change on investments 735 (1,546) 872 9,181
Comprehensive income (loss) before income taxes (28,702) (10,586) (55,908) 16,221
Applicable provision for income taxes            
Comprehensive income (loss) (28,702) (10,586) (55,908) 16,221
Detail of net realized gains (losses) on investments, available-for-sale:        
Net realized gains (losses) on sales and redemptions (105) 3,265 228 300
Other-than-temporary impairment ("OTTI") charges (49)   (22) (1,446)
Non-credit portion included in other comprehensive income (loss) 12   2 954
OTTI charges reclassified from other comprehensive income (loss) (90) (23) (393) (491)
OTTI charges recognized in net income (loss) (127) (23) (413) (983)
Net realized gains (losses) on investments, available-for-sale $ (232) $ 3,242 $ (185) $ (683)