XML 22 R4.htm IDEA: XBRL DOCUMENT v3.10.0.1
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Revenues:        
Net premiums earned—insurance $ 251,344 $ 229,096 $ 493,894 $ 450,896
Services revenue 36,828 37,802 69,992 75,829
Net investment income 37,473 30,071 71,429 61,103
Net gains (losses) on investments and other financial instruments (7,404) 5,331 (26,291) 2,480
Other income 1,016 612 1,823 1,358
Total revenues 319,257 302,912 610,847 591,666
Expenses:        
Provision for losses 19,337 17,222 56,620 64,135
Policy acquisition costs 5,996 6,123 13,113 12,852
Cost of services 24,205 25,635 47,331 54,010
Other operating expenses 70,184 68,750 133,427 137,127
Restructuring and other exit costs (Note 1) 925 0 1,476 0
Interest expense 15,291 16,179 30,371 32,117
Loss on induced conversion and debt extinguishment 0 1,247 0 5,703
Impairment of goodwill (Note 6) 0 184,374 0 184,374
Amortization and impairment of other intangible assets 2,748 18,856 5,496 22,152
Total expenses 138,686 338,386 287,834 512,470
Pretax income (loss) 180,571 (35,474) 323,013 79,196
Income tax provision (benefit) (28,378) (8,132) (422) 30,066
Net income (loss) $ 208,949 $ (27,342) $ 323,435 $ 49,130
Earnings Per Share, Basic [Abstract]        
Basic net income (loss) per share $ 0.98 $ (0.13) $ 1.50 $ 0.23
Earnings Per Share, Diluted [Abstract]        
Diluted net income (loss) per share $ 0.96 $ (0.13) $ 1.48 $ 0.22
Weighted-average number of common shares outstanding—basic 213,976 215,152 215,049 215,054
Weighted-average number of common and common equivalent shares outstanding—diluted 217,830 215,152 218,741 220,474
Dividends per share $ 0.0025 $ 0.0025 $ 0.0050 $ 0.0050