Stock-Based Compensation (Tables)

12 Months Ended

Dec. 31, 2012

Stock-based compensation [Abstract]

Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]

	Time-Based								Performance-Based
	Options Outstanding		Weighted Average Exercise Price		Options Exercisable		Weighted Average Exercise Price		Options Outstanding(1)	Weighted Average Exercise Price		Options Exercisable	Weighted Average Exercise Price
Balance, January 1, 2011	1,955,792		$	3.29	1,780,663		$	3.00	—	$	—	—	$	—
Granted	280,000		7.84		—		—		—	—		—	—
Vested	—		—		148,705		5.78		—	—		—	—
Exercised	(322,061	)	1.88		(322,061	)	1.88		—	—		—	—
Canceled/forfeited	(20,000	)	7.84		—		—		—	—		—	—
Balance, December 31, 2011	1,893,731		$	4.15	1,607,307		$	3.41	—	$	—	—	$	—
Granted	125,000		7.97		—		—		185,000	8.00		—	—
Vested	—		—		85,233		8.50		—	—		—	—
Exercised	(2,500	)	7.84		(2,500	)	7.84		—	—		—	—
Canceled/forfeited	—		—		—		—		—	—		—	—
Balance, December 31, 2012	2,016,231		$	4.38	1,690,040		$	3.66	185,000	$	8.00	—	$	—
Weighted average remaining contractual term at December 31, 2012 (in years)	5.0				4.2				9.5			0

⁽¹⁾ The performance-based stock options granted during the year ended December 31, 2012 will begin to vest equally over three years upon the Company's compensation committee determining that the Company has attained an Adjusted EBITDA of $46.0 million.

Schedule of Share-based Compensation, Shares Authorized under Stock Option Plans, by Exercise Price Range [Table Text Block]

The following presents the Company's outstanding and exercisable time- and performance-based stock options by exercise price at December 31, 2012:

	Options Outstanding				Options Exercisable
Exercise Price	Option Shares Outstanding	Weighted Average Remaining Contractual Life (years)	Weighted Average Exercise Price		Option Shares Outstanding	Weighted Average Remaining Contractual Life (years)	Weighted Average Exercise Price
$3.03	787,500	2.88	$	3.03	787,500	2.88	$	3.03
3.25	757,963	4.82	3.25		757,963	4.82	3.25
7.84	257,500	8.50	7.84		80,214	8.50	7.84
7.93	15,000	9.75	7.93		—	—	—
7.97	110,000	9.67	7.97		—	—	—
8.00	185,000	9.50	8.00		—	—	—
11.00	88,268	7.96	11.00		64,363	7.96	11.00
Totals	2,201,231	5.35	$	4.69	1,690,040	4.21	$	3.66

Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding and Exercisable [Table Text Block]

Information on time- and performance-based stock options, vested and expected to vest, is as follows:	At
	December 31, 2012
Number of shares vested and expected to vest	2,188,170
Weighted average remaining contractual life (in years)	5.3
Weighted average exercise price per option (in dollars)	$	4.66
Intrinsic value	$	9,427

Disclosure of Share-based Compensation Arrangements by Share-based Payment Award [Table Text Block]

Additional information on time- and performance-based options granted, vested and exercised is presented below:

	Years Ended December 31,
	2012		2011		2010
Weighted-average grant date fair value of stock options granted (in dollars)	$	2.80	$	2.92	$	3.18
Total stock options granted (in shares)	310,000		280,000		88,268
Total fair value of stock options vested during the year	$	268	$	268	$	167
Total intrinsic value of stock options exercised (1)	$	—	$	2,920	$	369
Cash received from stock option exercises	$	20	$	607	$	117
Tax benefits realized from exercised stock options	$	—	$	45	$	86
Cash used to settle equity instruments granted under stock-based compensation awards	$	—	$	—	$	—
New shares issued upon the exercise of stock options	2,500		322,061		44,185
Outstanding stock options issued outside of existing plans (in shares)	272,338		272,338		296,724

⁽¹⁾ Calculated as the difference between the market value at the exercise date and the exercise price of the shares.

Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]

The weighted average assumptions used to estimate the fair values of all stock options granted is as follows:

	Years Ended December 31,
	2012		2011		2010
Expected term (years)	6.2		6.1		5.0
Expected volatility	34.34	%	33.95	%	32.71	%
Expected dividends	—	%	—	%	—	%
Risk-free rate	0.91	%	2.22	%	2.06	%

Schedule of Share-based Compensation, Restricted Stock Units Award Activity [Table Text Block]

Restricted Stock Awards

A summary of the Company's time- and performance-based restricted stock award activity is presented below:

	Time-Based				Performance-Based
	Shares		Weighted Average Grant Date Fair Value		Shares		Weighted Average Grant Date Fair Value
Shares outstanding at January 1, 2011	60,000		$	11.00	100,000		$	11.00
Grants	7,000		7.64		—		—
Vests	(18,500	)	10.36		—		—
Forfeitures	(15,500	)	10.90		(19,139	)	11.00
Shares outstanding at December 31, 2011	33,000		10.69		80,861		11.00
Grants	88,000		7.48		—		—
Vests	(18,000	)	10.43		—		—
Forfeitures	—		—		—		—
Shares outstanding at December 31, 2012	103,000		$	8.00	80,861		$	11.00

Schedule of Compensation Cost for Share-based Payment Arrangements, Allocation of Share-based Compensation Costs by Plan [Table Text Block]

Stock-based Compensation Expense

Total time- and performance-based stock-based compensation expense and the related income tax (benefit), as recognized on the Consolidated Statements of Income, is as follows:

	Years Ended December 31,
	2012			2011			2010
Personnel costs	$	661		$	593		$	167
Other operating expenses	293			154			9
Income tax benefit	(365		)	(286		)	(67		)
Net stock-based compensation expense	$	589		$	461		$	109

Additional information on total non-vested stock-based compensation is as follows:	At
	December 31, 2012
	Stock Options		Restricted Stock Awards
Unrecognized compensation cost related to non-vested awards	$	1,180	$	1,039
Weighted-average recognition period (in years)	2.7		4.7

Schedule of Unrecognized Compensation Cost, Nonvested Awards [Table Text Block]

Additional information on total non-vested stock-based compensation is as follows:	At
	December 31, 2012
	Stock Options		Restricted Stock Awards
Unrecognized compensation cost related to non-vested awards	$	1,180	$	1,039
Weighted-average recognition period (in years)	2.7		4.7

Schedule of Share-based Compensation, Employee Stock Purchase Plan, Activity [Table Text Block]

Employee Stock Purchase Plan

The Company has an Employee Stock Purchase Plan ("ESPP"),which allows the Company to issue up to 1,000,000 shares of common stock to all eligible employees, including the Company's named executive officers, under the same offering and eligibility terms. The ESPP qualifies under Section 423 of the Internal Revenue Code and allows eligible employees to contribute, at their discretion, up to 10% of their payroll, up to $25,000 per year, to purchase up to a maximum of 3,500 shares of the Company's common stock per offering period. The purchase price of Fortegra's common stock is equal to 85% of the lesser of the fair market value of the closing stock price of Fortegra's common stock on either the first day of the offering period or the last day of the offering period. Each offering period has a duration of six months and begins on January 1st and July 1st of each year.

Information related to the Company's ESPP is as follows:	Years Ended December 31,
	2012		2011		2010 (1)
Common stock issued under the ESPP (in shares)	53,511		10,167		—
Weighted-average purchase price per share by participant in the ESPP	$	6.18	$	5.68	$	—
Total cash proceeds received from the issuance of common shares under the ESPP	$	330	$	100	$	—
ESPP compensation costs recognized	$	90	$	15	$	—

⁽¹⁾ The Company's ESPP began open enrollment in July 2011.