XML 15 R4.htm IDEA: XBRL DOCUMENT v3.22.2
Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Revenues:        
Service fee and commission revenue $ 23,590 $ 18,755 $ 46,046 $ 37,329
Rental revenue 3,633 3,341 7,300 6,682
Total revenues 27,223 22,096 53,346 44,011
Operating expenses:        
Claims authorized on vehicle service agreements 5,345 5,251 10,528 9,918
Commissions 1,997 1,488 3,260 2,876
Cost of services sold 4,246 952 8,818 1,932
General and administrative expenses 11,595 12,127 24,210 24,717
Leased real estate segment interest expense 1,663 1,500 3,354 2,968
Total operating expenses 24,846 21,318 50,170 42,411
Operating income 2,377 778 3,176 1,600
Other revenues (expenses), net:        
Net investment income 465 403 1,084 824
Net realized gains 184 187 238 238
Loss on change in fair value of equity investments (38) (45) (48) (196)
Gain on change in fair value of limited liability investments, at fair value 46 731 173 529
Non-operating other expenses (877) (2,741) (653) (2,634)
Interest expense not allocated to segments (1,704) (1,593) (3,068) (3,145)
Amortization of intangible assets (1,494) (496) (2,988) (993)
Loss on change in fair value of debt (1,330) (738) (3,198) (1,757)
Gain on extinguishment of debt 0 0 0 2,494
Total other expenses, net (4,748) (4,292) (8,460) (4,640)
Loss before income tax benefit (2,371) (3,514) (5,284) (3,040)
Income tax benefit (6) (3,258) (415) (3,683)
Net (loss) income (2,365) (256) (4,869) 643
Less: net income attributable to noncontrolling interests in consolidated subsidiaries 303 428 452 687
Less: dividends on preferred stock 79 85 157 323
Net loss attributable to common shareholders $ (2,747) $ (769) $ (5,478) $ (367)
Loss per share – net loss attributable to common shareholders:        
Basic: (in dollars per share) $ (0.12) $ (0.03) $ (0.24) $ (0.02)
Diluted: (in dollars per share) $ (0.12) $ (0.03) $ (0.24) $ (0.02)
Weighted-average shares outstanding (in ‘000s):        
Basic: (in shares) 22,883 22,366 22,883 22,292
Diluted: (in shares) 22,883 22,366 22,883 22,292