Fair Value (Tables)

9 Months Ended

Sep. 30, 2016

Fair Value Disclosures [Abstract]

Presentation of Carrying Values and Fair Values of Certain Financial Instruments

The carrying values and fair values of certain financial instruments were as follows (in thousands).

	September 30, 2016				December 31, 2015
	Carrying		Fair		Carrying		Fair
	Value		Value		Value		Value
Assets:
Investments, available-for-sale	$	122,646	$	122,646	$	131,582	$	131,582
Other investments		9,653		9,653		11,256		11,256
Liabilities:
Debentures payable		40,290		11,242		40,256		20,275
Term loan from principal stockholder		29,773		15,815		29,753		28,504

Presentation of Fair-Value Measurements for Each Major Category of Assets Measured on Recurring Basis

The following tables present the fair-value measurements for each major category of assets that are measured on a recurring basis (in thousands). Other investments are carried at net asset value which approximates fair value.

			Fair Value Measurements Using
			Quoted Prices		Significant
			in Active		Other		Significant		Proportionate
			Markets for		Observable		Unobservable		Share of
			Identical Assets		Inputs		Inputs		Net Assets
September 30, 2016	Total		(Level 1)		(Level 2)		(Level 3)		(NAV)
Fixed maturities, available-for-sale:
U.S. government and agencies	$	19,380	$	19,380	$	—	$	—	$	—
Political subdivisions		4,319		—		4,319		—		—
Revenue and assessment		5,947		—		5,947		—		—
Corporate bonds		48,704		—		48,704		—		—
Collateralized mortgage obligations:
Agency backed		23,624		—		23,624		—		—
Non-agency backed – residential		3,055		—		3,055		—		—
Non-agency backed – commercial		1,922		—		1,922		—		—
Total fixed maturities, available-for-sale		106,951		19,380		87,571		—		—
Preferred stock, available-for-sale		3,313		3,313		—		—		—
Mutual funds, available-for-sale		12,382		12,382	—			—		—
Total investments, available-for-sale		122,646		35,075		87,571		—		—
Other investments		9,653		—		—		4,535		5,118
Cash, cash equivalents, and restricted cash		143,371		143,371		—		—		—
Total	$	275,670	$	178,446	$	87,571	$	4,535	$	5,118

			Fair Value Measurements Using
			Quoted Prices		Significant
			in Active		Other		Significant		Proportionate
			Markets for		Observable		Unobservable		Share of
			Identical Assets		Inputs		Inputs		Net Assets
December 31, 2015	Total		(Level 1)		(Level 2)		(Level 3)		(NAV)
Fixed maturities, available-for-sale:
U.S. government and agencies	$	13,113	$	13,113	$	—	$	—	$	—
State		702		—		702		—		—
Political subdivisions		4,363		—		4,363		—		—
Revenue and assessment		12,644		—		12,644		—		—
Corporate bonds		80,785		—		80,785		—		—
Collateralized mortgage obligations:
Agency backed		873		—		873		—		—
Non-agency backed – residential		3,455		—		3,455		—		—
Non-agency backed – commercial		2,507		—		2,507		—		—
Total fixed maturities, available-for-sale		118,442		13,113		105,329		—		—
Preferred stock, available-for-sale		1,723		1,723		—		—		—
Mutual funds, available-for-sale		11,417		11,417	—			—		—
Total investments, available-for-sale		131,582		26,253		105,329		—		—
Other investment		11,256		—		—		3,276		7,980
Cash, cash equivalents, and restricted cash		115,587		115,587		—		—		—
Total	$	258,425	$	141,840	$	105,329	$	3,276	$	7,980

Quantitative Disclosure for Assets Classified as Level 3

The following table represents the quantitative disclosure for the asset classified as Level 3 during the nine months ended September 30, 2016 (in thousands).

	Fair Value
	Measurements Using
	Significant Unobservable
	Inputs (Level 3)
	Common Stock
	at Fair Value
Balance at December 31, 2015	$	3,276
Gains included in net loss		—
Gains included in comprehensive loss		302
Investments and capital calls		957
Distributions received		—
Transfers into and out of Level 3		—
Balance at September 30, 2016	$	4,535