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Consolidated Statement of Operations (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
Net premiums earned $ 28,418 $ 26,041 $ 89,093 $ 82,406
Service fee and commission income 14,102 12,156 42,752 37,332
Net investment income 542 409 1,296 1,805
Net realized gains (losses) 329 321 5,459 (1,056)
Other-than-temporary impairment loss 0 0 0 1,800
Other income 2,142 2,723 6,680 7,115
Total revenues 45,533 41,650 145,280 125,802
Loss and loss adjustment expenses 22,361 21,343 65,216 67,789
Commissions and premium taxes 5,738 6,683 17,823 18,566
Cost of services sold 1,544 951 3,337 1,097
General and administrative expenses 16,510 19,030 52,659 58,622
Restructuring expense (5) (223) 29 (1,150)
Interest expense 1,417 1,808 4,214 5,568
Amortization of intangible assets 397 508 1,220 1,574
Contingent consideration expense 267 155 801 465
Impairment of asset held for sale 0 0 1,180 1,446
Total expenses 48,239 50,701 146,421 156,277
Loss from continuing operations before (loss) gain on change in fair value of debt, loss on disposal of subsidiary, loss on buy-back of debt, equity in net (loss) income of investee and income tax expense (benefit) (2,706) (9,051) (1,141) (30,475)
(Loss) gain on change in fair value of debt (2,963) 3,801 (10,199) (2,812)
Loss on disposal of subsidiary 0   (1,242)  
Loss on buy-back of debt 0 0 0 (24)
Equity in net (loss) income of investee (83)   (83) 255
Loss from continuing operations before income tax expense (benefit) (5,752) (5,250) (12,665) (33,056)
Income tax expense (benefit) 343 403 (90) (398)
Gain on liquidation of subsidiaries, net of taxes 0 7,227 0 7,227
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest (6,095) 1,574 (12,575) (25,431)
Net (loss) income (6,095) (5,653) (12,575) (32,658)
Less: net income (loss) attributable to noncontrolling interests in consolidated subsidiaries 778 (305) 873 407
Less: dividends on preferred stock 83 0 218 0
Net (loss) income attributable to common shareholders $ (6,956) $ 1,879 $ (13,666) $ (25,838)
Loss per share - continuing operations [Abstract]        
Basic: $ (0.41) $ (0.39) $ (0.82) $ (2.48)
Diluted: $ (0.41) $ (0.39) $ (0.82) $ (2.48)
Earnings Per Share, Basic and Diluted [Abstract]        
Basic: $ (0.41) $ 0.14 $ (0.82) $ (1.94)
Diluted: $ (0.41) $ 0.14 $ (0.82) $ (1.94)
Weighted Average Number of Shares Outstanding, Diluted [Abstract]        
Basic: 16,993 13,684 16,620 13,329
Diluted: 16,993 13,684 16,620 13,329