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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Operating activities:    
Net (loss) income $ (393) $ 3,189
Adjustments to reconcile net (loss) income to net cash provided by (used in) operating activities:    
Equity in net loss of investee 0 33
Equity in net (income) loss of limited liability investments (23) 18
Depreciation and amortization expense 1,667 1,606
Stock-based compensation (benefit) expense, net of forfeitures (38) 242
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)
Gain on change in fair value of debt (2,645) (576)
Deferred income taxes, adjusted for Geminus liabilities assumed 131 (849)
Other-than-temporary impairment loss 117 75
Amortization of fixed maturities premiums and discounts 31 6
Amortization of note payable premium (225) (231)
Service fee receivable, net, adjusted for Geminus assets acquired 138 (1,071)
Other receivables, net, adjusted for Geminus assets acquired 2,274 (783)
Deferred acquisition costs, net (140) (316)
Unpaid loss and loss adjustment expenses (83) (634)
Deferred service fees, adjusted for Geminus liabilities assumed (33) 1,749
Other, net, adjusted for Geminus assets acquired and liabilities assumed 675 (708)
Net cash provided by (used in) operating activities 613 (2,927)
Investing activities:    
Proceeds from sales and maturities of fixed maturities 8,646 2,694
Purchases of fixed maturities (1,549) (6,104)
Net proceeds from limited liability investments 87 0
Net proceeds from limited liability investments, at fair value 77 249
Net proceeds from investments in private companies 60 249
Net proceeds from other investments 52 1,335
Net (purchases of) proceeds from short-term investments (1) 7
Acquisition of business, net of cash acquired 0 (4,321)
Net purchases of property and equipment, adjusted for Geminus assets acquired (40) (16)
Net cash provided by (used in) investing activities 7,332 (5,907)
Financing activities:    
Distributions to noncontrolling interest holders (43) 0
Taxes paid related to net share settlements of restricted stock awards (83) (89)
Principal proceeds from bank loan, net of debt issuance costs of $981 0 9,019
Principal payments on bank loans (562) (250)
Principal payments on notes payable (991) (894)
Net cash (used in) provided by financing activities (1,679) 7,786
Net increase (decrease) in cash and cash equivalents and restricted cash 6,266 (1,048)
Cash and cash equivalents and restricted cash at beginning of period 31,927 30,530
Cash and cash equivalents and restricted cash at end of period $ 25,661 $ 31,578