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CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Revenues:        
Premiums earned $ 67,300 $ 55,854 $ 129,915 $ 107,602
Commission and fee income 11,929 10,051 23,278 19,226
Investment income 1,406 1,257 2,551 2,794
Net realized (losses) gains on investments, available-for-sale (4) (42) (7) 40
Total revenues 80,631 67,120 155,737 129,662
Costs and expenses:        
Losses and loss adjustment expenses 55,003 41,066 102,937 77,883
Insurance operating expenses 23,774 21,162 48,969 45,191
Other operating expenses 263 245 586 478
Stock-based compensation 53 66 72 112
Depreciation and amortization 399 437 807 880
Interest expense 449 421 872 848
Total costs and expenses 79,941 63,397 154,243 125,392
Income before income taxes 690 3,723 1,494 4,270
Provision for income taxes 375 254 693 290
Net income $ 315 $ 3,469 $ 801 $ 3,980
Net income per share:        
Basic $ 0.01 $ 0.08 $ 0.02 $ 0.10
Diluted $ 0.01 $ 0.08 $ 0.02 $ 0.10
Number of shares used to calculate net income per share:        
Basic 41,020 40,978 41,018 40,974
Diluted 41,384 41,274 41,347 41,278
Reconciliation of net income to other comprehensive income:        
Net income $ 315 $ 3,469 $ 801 $ 3,980
Net unrealized change in investments, net of tax of $(937), $0, $(592) and $0, respectively (1,741) 1,297 (1,099) 2,950
Comprehensive (loss) income $ (1,426) $ 4,766 $ (298) $ 6,930