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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, 2013
Dec. 31, 2012
Jun. 30, 2011
Revenues:        
Premiums earned $ 80,637 $ 199,700 $ 185,644 $ 173,041
Commission and fee income 14,769 35,125 32,574 29,483
Investment income 3,930 5,716 6,599 8,395
Net realized gains (losses) on investments, available-for-sale (includes $(29), $3,242, $(232) and $(185), respectively, of accumulated other comprehensive income reclassifications for unrealized gains (losses)) (232) (29) 3,242 (185)
Total revenues 99,104 240,512 228,059 210,734
Costs and expenses:        
Losses and loss adjustment expenses 65,753 142,839 148,223 129,167
Insurance operating expenses 38,154 82,822 82,127 77,822
Other operating expenses 494 987 922 1,369
Litigation settlement       (9)
Stock-based compensation 171 243 604 998
Depreciation and amortization 751 2,053 2,203 1,605
Interest expense 1,980 1,738 3,025 3,930
Goodwill and intangible assets impairment 21,090     52,434
Total costs and expenses 128,393 230,682 237,104 267,316
Income (loss) before income taxes (29,289) 9,830 (9,045) (56,582)
Provision (benefit) for income taxes (includes $(10), $1,135, $(81) and $(65), respectively, of income tax expense from reclassification items) 148 650 (5) 198
Net income (loss) (29,437) 9,180 (9,040) (56,780)
Net income (loss) per share:        
Basic $ (0.62) $ 0.22 $ (0.22) $ (1.18)
Diluted $ (0.62) $ 0.22 $ (0.22) $ (1.18)
Number of shares used to calculate net income (loss) per share:        
Basic 47,707 40,930 40,861 48,171
Diluted 47,707 41,092 40,861 48,171
Reconciliation of net income (loss) to comprehensive income (loss):        
Net income (loss) (29,437) 9,180 (9,040) (56,780)
Net unrealized change on investments 735 (5,329) (1,546) 872
Comprehensive income (loss) (28,702) 3,851 (10,586) (55,908)
Detail of net realized gains (losses) on investments, available-for-sale:        
Net realized gains (losses) on sales and redemptions (105) 32 3,265 228
Other-than-temporary impairment ("OTTI") charges (49)     (22)
Non-credit portion included in other comprehensive income (loss) 12     2
OTTI charges reclassified from other comprehensive income (loss) (90) (61) (23) (393)
OTTI charges recognized in net income (loss) (127) (61) (23) (413)
Net realized gains (losses) on investments, available-for-sale $ (232) $ (29) $ 3,242 $ (185)