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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE (LOSS) INCOME (UNAUDITED) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Revenues        
Direct operations $ 240,448 $ 229,629 $ 670,098 $ 589,141
Agency operations 282,023 231,109 748,043 654,706
Mortgage services 29,924 41,822 104,878 90,933
Investment income 4,121 3,870 12,735 12,588
Investment and other gains – net 56 1,667 1,595 1,143
Total revenues 556,572 508,097 1,537,349 1,348,511
Expenses        
Amounts retained by agencies 227,374 188,513 607,611 533,971
Employee costs 165,024 164,423 498,598 457,596
Other operating expenses 99,758 95,535 286,553 252,436
Title losses and related claims 25,883 9,084 78,593 50,021
Impairment of goodwill and other intangible assets 35,867 0 35,867 0
Depreciation and amortization 7,633 6,621 22,013 16,070
Interest 601 1,101 1,525 2,646
Total expenses 562,140 465,277 1,530,760 1,312,740
(Loss) income before taxes and noncontrolling interests (5,568) 42,820 6,589 35,771
Income tax expense 4,859 16,760 7,735 11,592
Net (loss) income (10,427) 26,060 (1,146) 24,179
Less net income attributable to noncontrolling interests 3,040 2,343 7,663 6,289
Net (loss) income attributable to Stewart (13,467) 23,717 (8,809) 17,890
Net (loss) income attributable to Stewart        
Net (loss) income (10,427) 26,060 (1,146) 24,179
Other comprehensive (loss) income, net of taxes:        
Foreign currency translation adjustments (4,282) (6,030) (8,538) (4,308)
Change in unrealized gains (losses) on investments (155) (966) (4,096) 6,900
Reclassification of adjustment for gains included in net (loss) income (439) (185) (1,221) (378)
Other comprehensive (loss) income, net of taxes (4,876) (7,181) (13,855) 2,214
Comprehensive (loss) income (15,303) 18,879 (15,001) 26,393
Less net income attributable to noncontrolling interests 3,040 2,343 7,663 6,289
Comprehensive (loss) income attributable to Stewart $ (18,343) $ 16,536 $ (22,664) $ 20,104
Basic average shares outstanding (000) 23,286 22,267 23,631 22,416
Basic earnings (loss) per share attributable to Stewart (usd per share) $ (0.58) $ 1.07 $ (0.37) $ 0.80
Diluted average shares outstanding (000) 23,286 24,663 23,631 24,812
Diluted earnings (loss) per share attributable to Stewart (usd per share) $ (0.58) $ 0.97 $ (0.37) $ 0.76