XML 21 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Statements of Operations (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
Net Income (Loss) Attributable to Noncontrolling Interest $ 617 $ (1,700) $ 712 $ (3,214)
Revenues [Abstract]        
Net premiums earned 28,297 30,985 56,365 60,252
Service fee and commission income 12,052 8,138 25,176 17,667
Net investment income 816 797 1,396 1,623
Net realized gains (losses) 32 (23) (1,377) 250
Other-than-temporary impairment loss (1,800) (488) (1,800) (488)
Gain (loss) on change in fair value of debt 2,338 (2,418) (6,613) (6,749)
Other Income 2,174 2,744 4,392 3,827
Total revenues 43,909 39,735 77,539 76,382
Expenses:        
Loss and loss adjustment expenses 24,615 23,616 46,446 45,391
Commissions and premium taxes 5,171 4,747 11,883 9,166
General and administrative expenses 20,289 17,154 40,048 35,955
Restructuring expense 147 0 927 0
Interest expense 1,927 1,916 3,760 3,765
Amortization of intangible assets 508 0 1,066 0
Impairment of asset held for sale 1,446 0 1,446 0
Total expenses 54,103 47,433 105,576 94,277
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Extraordinary Items, Noncontrolling Interest (10,194) (7,698) (28,037) (17,895)
Loss on buy-back of debt 0 0 (24) 0
Equity in net income (loss) of investee 0 97 255 (2,169)
Loss before income tax (benefit) expense (10,194) (7,601) (27,806) (20,064)
Income tax (benefit) expense (525) 116 (801) 175
Net loss (9,669) (7,717) (27,005) (20,239)
Net loss attributable to common shareholders $ (10,286) $ (6,017) $ (27,717) $ (17,025)
Earnings Per Share, Basic and Diluted [Abstract]        
Basic: $ (0.74) $ (0.59) $ (2.05) $ (1.54)
Diluted: $ (0.74) $ (0.59) $ (2.05) $ (1.54)
Weighted Average Number of Shares Outstanding, Diluted [Abstract]        
Basic: 13,149 13,149 13,149 13,117
Diluted: 13,149 13,149 13,149 13,117