Fair Value (Tables)

3 Months Ended

Mar. 31, 2017

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).

	March 31, 2017				December 31, 2016
	Carrying		Fair		Carrying		Fair
	Value		Value		Value		Value
Assets:
Investments, available-for-sale	$	117,431	$	117,431	$	117,212	$	117,212
Other investments		10,140		10,140		9,994		9,994
Liabilities:
Debentures payable		40,313		13,443		40,302		11,488
Term loan from principal stockholder		29,786		17,210		29,779		15,000

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
March 31, 2017	Total		(Level 1)		(Level 2)		(Level 3)		(NAV)
Fixed maturities, available-for-sale:
U.S. government and agencies	$	19,469	$	19,469	$	—	$	—	$	—
Political subdivisions		4,189		—		4,189		—		—
Revenue and assessment		5,590		—		5,590		—		—
Corporate bonds		45,650		—		45,650		—		—
Collateralized mortgage obligations:
Agency backed		21,998		—		21,998		—		—
Non-agency backed – residential		2,845		—		2,845		—		—
Non-agency backed – commercial		1,843		—		1,843		—		—
Total fixed maturities, available-for-sale		101,584		19,469		82,115		—		—
Preferred stocks, available-for-sale		3,153		3,153		—		—		—
Mutual funds, available-for-sale		12,694		12,694	—			—		—
Total investments, available-for-sale		117,431		35,316		82,115		—		—
Other investments		10,140		—		—		5,110		5,030
Cash, cash equivalents, and restricted cash		120,496		120,496		—		—		—
Total	$	248,067	$	155,812	$	82,115	$	5,110	$	5,030

			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, 2016	Total		(Level 1)		(Level 2)		(Level 3)		(NAV)
Fixed maturities, available-for-sale:
U.S. government and agencies	$	18,951	$	18,951	$	—	$	—	$	—
Political subdivisions		4,165		—		4,165		—		—
Revenue and assessment		5,683		—		5,683		—		—
Corporate bonds		45,540		—		45,540		—		—
Collateralized mortgage obligations:
Agency backed		22,422		—		22,422		—		—
Non-agency backed – residential		2,933		—		2,933		—		—
Non-agency backed – commercial		1,895		—		1,895		—		—
Total fixed maturities, available-for-sale		101,589		18,951		82,638		—		—
Preferred stocks, available-for-sale		3,112		3,112		—		—		—
Mutual funds, available-for-sale		12,511		12,511	—			—		—
Total investments, available-for-sale		117,212		34,574		82,638		—		—
Other investment		9,994		—		—		4,858		5,136
Cash, cash equivalents, and restricted cash		118,681		118,681		—		—		—
Total	$	245,887	$	153,255	$	82,638	$	4,858	$	5,136

Quantitative Disclosure for Assets Classified as Level 3

The following table represents the quantitative disclosure for the asset classified as Level 3 during the three months ended March 31, 2017 (in thousands).

	Fair Value
	Measurements Using
	Significant Unobservable
	Inputs (Level 3)
	Common Stock
	at Fair Value
Balance at December 31, 2016	$	4,858
Gains included in net loss		—
Gains included in comprehensive income (loss)		174
Investments and capital calls		78
Distributions received		—
Transfers into and out of Level 3		—
Balance at March 31, 2017	$	5,110