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Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2021
Dec. 31, 2020
Investments:    
Fixed maturities, at fair value (amortized cost of $21,470 and $20,488, respectively) $ 21,602 $ 20,716
Equity investments, at fair value (cost of $1,147 and $1,157, respectively) 225 444
Investments in private companies, at adjusted cost 790 790
Real estate investments, at fair value (cost of $10,225 and $10,225, respectively) 10,662 10,662
Other investments, at cost which approximates fair value 288 294
Short-term investments, at cost which approximates fair value 157 157
Total investments 57,654 69,566
Cash and cash equivalents 17,093 14,374
Restricted cash 27,540 30,571
Accrued investment income 900 757
Other receivables, net of allowance for doubtful accounts of $201 and $201, respectively 14,144 16,323
Deferred acquisition costs, net 9,106 8,835
Property and equipment, net of accumulated depreciation of $26,557 and $24,441, respectively 93,376 95,015
Right-of-use asset 2,560 2,960
Goodwill 121,289 121,130
Intangible assets, net of accumulated amortization of $16,426 and $15,433, respectively 83,140 84,133
Other assets 15,668 4,882
Total Assets 447,491 452,474
Liabilities:    
Accrued expenses and other liabilities 40,671 42,502
Income taxes payable 188 2,859
Contract with Customer, Liability, Total 88,446 87,945
Unpaid loss and loss adjustment expenses 1,407 1,449
Bank loan 23,182 25,303
Notes payable 191,143 192,057
Subordinated debt, at fair value 58,218 50,928
Lease liability 2,814 3,213
Net deferred income tax liabilities 26,503 27,555
Total Liabilities 432,572 433,811
Shareholders' Equity:    
Common stock, no par value; 50,000,000 and 50,000,000 authorized at June 30, 2021 and December 31, 2020, respectively; 22,365,631 and 22,211,069 issued and outstanding at June 30, 2021 and December 31, 2020, respectively 0 0
Additional paid-in capital 356,331 355,242
Treasury stock, at cost; 247,450 and 247,450 outstanding at June 30, 2021 and December 31, 2020, respectively (492) (492)
Accumulated deficit (394,851) (394,807)
Accumulated other comprehensive income 32,434 38,059
Shareholders' equity attributable to common shareholders (6,578) (1,998)
Noncontrolling interests in consolidated subsidiaries 14,669 14,157
Total Shareholders' Equity 8,091 12,159
Total Liabilities, Class A preferred stock and Shareholders' Equity 447,491 452,474
Redeemable Class A Preferred Stock [Member]    
Liabilities:    
Redeemable Class A preferred stock, no par value; 1,000,000 and 1,000,000 authorized at June 30, 2021 and December 31, 2020, respectively; 182,876 and 182,876 issued and outstanding at June 30, 2021 and December 31, 2020, respectively; redemption amount of $6,828 and $6,658 at June 30, 2021 and December 31, 2020, respectively 6,828 6,504
Service Fees [Member]    
Investments:    
Service fee receivable, net of allowance for doubtful accounts of $258 and $478, respectively 5,021 3,928
Liabilities:    
Contract with Customer, Liability, Total 88,400 87,900
Limited Liability Investments [Member]    
Investments:    
Limited liability investments 3,568 3,692
Limited liability investments, at fair value $ 20,362 $ 32,811