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Summary of Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2013
Accounting Policies [Abstract]  
Schedule of Changes in Result of Operations Due to Change in Fiscal Year

The following table presents certain comparative transition period financial information (in thousands, except per share data).

 

     Year Ended
December 31,
    Six Months Ended
December 31,
 
     2012     2011     2011     2010  
           (unaudited)           (unaudited)  

Revenues:

        

Premiums earned

   $ 185,644      $ 167,224      $ 80,637      $ 86,454   

Commission and fee income

     32,574        29,911        14,769        14,341   

Investment income

     6,599        8,064        3,930        4,261   

Net realized gains (losses) on investments, available-for-sale

     3,242        (161     (232     (256
  

 

 

   

 

 

   

 

 

   

 

 

 
     228,059        205,038        99,104        104,800   
  

 

 

   

 

 

   

 

 

   

 

 

 

Costs and expenses:

        

Losses and loss adjustment expenses

     148,223        129,525        65,753        65,395   

Insurance operating expenses

     82,127        79,075        38,154        36,896   

Other operating expenses

     922        1,181        494        678   

Stock-based compensation

     604        804        171        365   

Depreciation and amortization

     2,203        1,415        751        941   

Interest expense

     3,025        3,928        1,980        1,982   

Goodwill impairment

     —          73,524        21,090        —     
  

 

 

   

 

 

   

 

 

   

 

 

 
     237,104        289,452        128,393        106,257   
  

 

 

   

 

 

   

 

 

   

 

 

 

Loss before income taxes

     (9,045     (84,414     (29,289     (1,457

Provision for income taxes

     (5     105        148        241   
  

 

 

   

 

 

   

 

 

   

 

 

 

Net loss

   $ (9,040   $ (84,519   $ (29,437   $ (1,698
  

 

 

   

 

 

   

 

 

   

 

 

 

Basic and diluted net loss per share

   $ (0.22   $ (1.76   $ (0.62   $ (0.04