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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Revenues:        
Service fee and commission income $ 11,772 $ 8,860 $ 21,587 $ 18,511
Rental income 3,341 3,345 6,682 6,693
Other income 113 108 258 321
Total revenues 15,226 12,313 28,527 25,525
Operating expenses:        
Claims authorized on vehicle service agreements 2,506 1,392 4,393 2,764
Loss and loss adjustment expenses 601 1,301 708 1,647
Commissions 1,103 834 2,021 1,747
Cost of services sold 1,160 1,464 2,519 3,716
General and administrative expenses 9,164 7,295 17,566 14,771
Leased real estate segment interest expense 1,520 1,546 3,047 3,098
Total operating expenses 16,054 13,832 30,254 27,743
Operating loss (828) (1,519) (1,727) (2,218)
Other revenues (expenses), net:        
Net investment income 749 1,010 1,448 1,648
Net realized (losses) gains (556) 132 (241) 397
(Loss) gain on change in fair value of equity investments (63) (421) 15 744
Gain (loss) on change in fair value of limited liability investments, at fair value 2,347 (525) 6,612 (1,461)
Net change in unrealized gain (loss) on private company investments 0 (155) 19 (155)
Other-than-temporary impairment loss 0 0 (75) 0
Non-operating other income 19 14 173 21
Interest expense not allocated to segments (2,339) (1,844) (4,441) (3,561)
Amortization of intangible assets (676) (254) (1,197) (509)
Gain (loss) on change in fair value of debt 918 (142) 1,494 (1,061)
Gain on disposal of subsidiary 0 17 0 17
Equity in net income (loss) of investee 201 (385) 168 (284)
Total other revenues (expenses), net 600 (2,553) 3,975 (4,204)
(Loss) income from continuing operations before income tax expense (benefit) (228) (4,072) 2,248 (6,422)
Income tax expense (benefit) 168 190 (545) 444
(Loss) income from continuing operations (396) (4,262) 2,793 (6,866)
Income from discontinued operations, net of taxes 0 594 0 980
Loss on disposal of discontinued operations, net of taxes 0 (6,628) 0 (6,628)
Net (loss) income (396) (10,296) 2,793 (12,514)
Less: net income attributable to noncontrolling interests in consolidated subsidiaries 258 158 469 517
Less: dividends on preferred stock, net of tax 252 259 498 512
Net (loss) income attributable to common shareholders $ (906) $ (10,713) $ 1,826 $ (13,543)
(Loss) earnings per share - continuing operations:        
Basic (in dollars per share) $ (0.04) $ (0.22) $ 0.08 $ (0.36)
Diluted (in dollars per share) (0.04) (0.22) 0.08 (0.36)
Loss per share - discontinued operations:        
Basic (in dollars per share) 0.00 (0.28) 0.00 (0.26)
Diluted (in dollars per share) 0.00 (0.28) 0.00 (0.26)
(Loss) earnings per share – net (loss) income attributable to common shareholders:        
Basic (in dollars per share) (0.04) (0.49) 0.08 (0.62)
Diluted (in dollars per share) $ (0.04) $ (0.49) $ 0.08 $ (0.62)
Weighted-average shares outstanding (in ‘000s):        
Basic (in shares) 21,867 21,708 21,854 21,708
Diluted (in shares) 21,867 21,708 21,854 21,708