XML 15 R4.htm IDEA: XBRL DOCUMENT v3.21.2
Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Revenues:        
Service fee and commission revenue $ 18,755 $ 10,438 $ 37,329 $ 21,624
Rental revenue 3,341 3,341 6,682 6,682
Total revenues 22,096 13,779 44,011 28,306
Operating expenses:        
Claims authorized on vehicle service agreements 5,251 2,347 9,918 4,727
Loss and loss adjustment expenses (4) 2 4 15
Commissions 1,576 1,279 3,080 2,582
Cost of services sold 952 347 1,932 750
General and administrative expenses 12,043 8,388 24,509 19,081
Leased real estate segment interest expense 1,500 1,491 2,968 2,990
Total operating expenses 21,318 13,854 42,411 30,145
Operating income (loss) 778 (75) 1,600 (1,839)
Other revenues (expenses), net:        
Net investment income 403 681 824 1,400
Net realized gains 187 8 238 216
(Loss) gain on change in fair value of equity investments (45) 489 (196) (108)
Gain (loss) on change in fair value of limited liability investments, at fair value 731 (123) 529 1,776
Net change in unrealized loss on private company investments 0 0 0 (670)
Other-than-temporary impairment loss 0 0 0 (117)
Other (expenses) income (2,741) 65 (2,634) 246
Interest expense not allocated to segments (1,593) (1,997) (3,145) (4,150)
Amortization of intangible assets (496) (573) (993) (1,147)
(Loss) gain on change in fair value of debt (738) (202) (1,757) 2,443
Gain on extinguishment of debt 0 0 2,494 0
Total other expenses, net (4,292) (1,652) (4,640) (111)
Loss from continuing operations before income tax benefit (3,514) (1,727) (3,040) (1,950)
Income tax benefit (3,258) (300) (3,683) (130)
(Loss) income from continuing operations (256) (1,427) 643 (1,820)
Gain on disposal of discontinued operations, net of taxes 0 6 0 6
Net (loss) income (256) (1,421) 643 (1,814)
Less: net income attributable to noncontrolling interests in consolidated subsidiaries 428 108 687 829
Less: dividends on preferred stock 85 224 323 601
Net loss attributable to common shareholders $ (769) $ (1,753) $ (367) $ (3,244)
Loss per share        
Loss per share – continuing operations: Basic: (in dollars per share) $ (0.03) $ (0.08) $ (0.02) $ (0.15)
Loss per share – continuing operations: Diluted: (in dollars per share) (0.03) (0.08) (0.02) (0.15)
Earnings per share – discontinued operations: Basic (in dollars per share) 0 0 0 0
Earnings per share – discontinued operations: Diluted (in dollars per share) 0 0 0 0
Basic: (in dollars per share) (0.03) (0.08) (0.02) (0.15)
Diluted: (in dollars per share) $ (0.03) $ (0.08) $ (0.02) $ (0.15)
Weighted-average shares outstanding (in ‘000s):        
Basic: (in shares) 22,366 22,211 22,292 22,140
Diluted: (in shares) 22,366 22,211 22,292 22,140