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CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Revenues:        
Premiums earned $ 80,850 $ 67,300 $ 157,257 $ 129,915
Commission and fee income 19,183 11,929 38,764 23,278
Investment income 1,646 1,406 2,608 2,551
Gain on sale of foreclosed real estate 1,237   1,237  
Net realized losses on investments, available-for-sale (includes $147 of accumulated other comprehensive loss reclassification for unrealized loss in 2016) (162) (4) (164) (7)
Total revenues 102,754 80,631 199,702 155,737
Costs and expenses:        
Losses and loss adjustment expenses 100,765 55,003 174,184 102,937
Insurance operating expenses 30,314 23,645 59,961 48,730
Other operating expenses 283 263 563 586
Litigation settlement   129   239
Stock-based compensation 68 53 105 72
Depreciation 616 392 1,267 800
Amortization of identifiable intangibles assets 239 7 477 7
Interest expense 1,076 449 2,126 872
Total costs and expenses 133,361 79,941 238,683 154,243
(Loss) income before income taxes (30,607) 690 (38,981) 1,494
(Benefit) provision for income taxes (10,708) 375 (13,577) 693
Net (loss) income $ (19,899) $ 315 $ (25,404) $ 801
Net (loss) income per share:        
Basic $ (0.48) $ 0.01 $ (0.62) $ 0.02
Diluted $ (0.48) $ 0.01 $ (0.62) $ 0.02
Number of shares used to calculate net (loss) income per share:        
Basic 41,064 41,020 41,062 41,018
Diluted 41,064 41,384 41,062 41,347
Reconciliation of net (loss) income to other comprehensive loss:        
Net (loss) income $ (19,899) $ 315 $ (25,404) $ 801
Net unrealized change in investments, net of tax of $757, $(938), $1,668 and $(592), respectively 1,407 (1,741) 3,098 (1,099)
Comprehensive loss (18,492) (1,426) (22,306) (298)
Detail of net realized losses on investments, available-for-sale:        
Net realized losses on redemptions (15) (4) (17) (7)
Other-than-temporary impairment charges (147)   (147)  
Net realized losses on investments, available-for-sale $ (162) $ (4) $ (164) $ (7)