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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Revenues:    
Service fee and commission income $ 11,186 $ 9,815
Rental income 3,341 3,341
Other income 142 145
Total revenues 14,669 13,301
Operating expenses:    
Claims authorized on vehicle service agreements 2,380 1,887
Loss and loss adjustment expenses 13 107
Commissions 1,303 918
Cost of services sold 403 1,359
General and administrative expenses 10,693 8,402
Leased real estate segment interest expense 1,499 1,527
Total operating expenses 16,291 14,200
Operating loss (1,622) (899)
Other revenues (expenses), net:    
Net investment income 719 699
Net realized gains 208 315
(Loss) gain on change in fair value of equity investments (597) 78
Gain on change in fair value of limited liability investments, at fair value 1,899 4,265
Net change in unrealized (loss) gain on private company investments (670) 19
Other-than-temporary impairment loss (117) (75)
Non-operating other income 39 154
Interest expense not allocated to segments (2,153) (2,102)
Amortization of intangible assets (574) (521)
Gain on change in fair value of debt 2,645 576
Equity in net loss of investee 0 (33)
Total other revenues, net 1,399 3,375
(Loss) income before income tax expense (benefit) (223) 2,476
Income tax expense (benefit) 170 (713)
Net (loss) income (393) 3,189
Less: net income attributable to noncontrolling interests in consolidated subsidiaries 721 211
Less: dividends on preferred stock 377 246
Net (loss) income attributable to common shareholders $ (1,491) $ 2,732
(Loss) earnings per share – net (loss) income attributable to common shareholders:    
Basic (in dollars per share) $ (0.07) $ 0.13
Diluted (in dollars per share) $ (0.07) $ 0.13
Weighted-average shares outstanding (in ‘000s):    
Basic (in shares) 22,069 21,841
Diluted (in shares) 22,069 21,841