XML 56 R38.htm IDEA: XBRL DOCUMENT v3.8.0.1
Correction of Immaterial Errors and Reclassificaiton of Certain Amounts (Tables)
12 Months Ended
Dec. 31, 2017
Correction of Immaterial Errors and Reclassifications of Certain Amounts [Abstract]  
Schedule of Error Corrections and Prior Period Adjustments [Table Text Block]
The line item effects of these immaterial error corrections are detailed below.
2015
As
Reported
 
Restatement
 
As
Adjusted
 
(In thousands)
Consolidated Statements of Financial Position
 
 
 
 
 
 
 
 
 
 
 
Deferred policy acquisition costs
$
165,362

 
(1,670
)
 
163,692

Deferred tax asset
68,764

 
(1,619
)
 
67,145

Total assets
1,484,040

 
(3,289
)
 
1,480,751

Liabilities:
 
 
 
 
 
Future policy benefit reserves:
 
 
 
 
 
Life insurance
$
995,972

 
(8,599
)
 
987,373

Total policy liabilities
1,140,879

 
(8,599
)
 
1,132,280

Current federal income tax payable
71,225

 
757

 
71,982

Other liabilities
24,205

 
144

 
24,349

Total liabilities
1,241,523

 
(7,698
)
 
1,233,825

Accumulated deficit
(22,626
)
 
4,409

 
(18,217
)
Total stockholders' equity
242,517

 
4,409

 
246,926

Total liabilities and stockholders' equity
1,484,040

 
(3,289
)
 
1,480,751

 
 
 
 
 
 
Consolidated Statements of Operations and Comprehensive Income (Loss)
 
 
 
 
 
 
 
 
 
 
Increase in future policy benefit reserves
$
77,929

 
(869
)
 
77,060

Total insurance benefits paid or provided
167,555

 
(869
)
 
166,686

Other general expenses
33,143

 
144

 
33,287

Amortization of deferred policy acquisition costs
23,339

 
61

 
23,400

Total benefits and expenses
238,875

 
(664
)
 
238,211

Income (loss) before federal income tax expense
(2,607
)
 
664

 
(1,943
)
Federal income tax expense
972

 
228

 
1,200

Net income (loss)
(3,579
)
 
436

 
(3,143
)
Basic and diluted earnings (losses) per share of Class A common stock
(0.07
)
 
0.01

 
(0.06
)
Basic and diluted earnings (losses) per share of Class B common stock
(0.04
)
 
0.01

 
(0.03
)
Comprehensive income (loss)
(15,842
)
 
436

 
(15,406
)
 
 
 
 
 
 
Consolidated Statements of Stockholders' Equity
 
 
 
 
 
 
 
 
 
 
 
Balance at December 31, 2014
$
258,359

 
3,973

 
262,332

Net income (loss)
(3,579
)
 
436

 
(3,143
)
Balance at December 31, 2015
242,517

 
4,409

 
246,926

 
 
 
 
 
 
Consolidated Statements of Cash Flows
 
 
 
 
 
 
 
 
 
 
 
Net income (loss)
$
(3,579
)
 
436

 
(3,143
)
Net deferred policy acquisition costs
(7,765
)
 
61

 
(7,704
)
Deferred federal income tax benefit
4,043

 
(528
)
 
3,515

Future policy benefit reserves
77,770

 
(869
)
 
76,901

Commission payable and other liabilities
473

 
144

 
617

Federal income tax payable
(7,593
)
 
756

 
(6,837
)
Net cash provided by operating activities
87,153

 

 
87,153