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CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE (LOSS) INCOME - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Revenues      
Direct operations $ 897,118 $ 808,327 $ 763,649
Agency operations 991,332 906,062 1,046,378
Mortgage services 129,954 132,891 103,527
Investment income 16,850 16,806 15,492
Investment and other (losses) gains – net (1,369) 6,744 (1,066)
Total revenues 2,033,885 1,870,830 1,927,980
Expenses      
Amounts retained by agencies 809,564 738,649 848,437
Employee costs 658,266 624,326 571,026
Other operating expenses 381,954 347,276 280,258
Title losses and related claims 106,265 81,305 106,318
Impairment of goodwill 35,749 0 0
Depreciation and amortization 30,298 24,226 17,920
Interest 2,096 3,236 2,956
Total expenses 2,024,192 1,819,018 1,826,915
Income before taxes and noncontrolling interests 9,693 51,812 101,065
Income tax expense 5,650 13,503 28,481
Net income 4,043 38,309 72,584
Less net income attributable to noncontrolling interests 10,247 8,556 9,558
Net (loss) income attributable to Stewart (6,204) 29,753 63,026
Net (loss) income attributable to Stewart      
Net income 4,043 38,309 72,584
Other comprehensive (loss) income, net of taxes:      
Foreign currency translation (11,145) (7,565) (6,819)
Change in unrealized gains (losses) on investments (3,741) 9,793 (7,282)
Reclassification of adjustment for net gains included in net (loss) income (1,626) (555) (1,601)
Other comprehensive (loss) income, net of taxes (16,512) 1,673 (15,702)
Comprehensive (loss) income (12,469) 39,982 56,882
Less comprehensive income attributable to noncontrolling interests 10,247 8,556 9,558
Comprehensive (loss) income attributable to Stewart $ (22,716) $ 31,426 $ 47,324
Basic average shares outstanding (000) 23,544 22,778 22,096
Basic (loss) earnings per share attributable to Stewart (usd per share) $ (0.26) $ 1.31 $ 2.85
Diluted average shares outstanding (000) 23,544 24,710 24,741
Diluted (loss) earnings per share attributable to Stewart (usd per share) $ (0.26) $ 1.24 $ 2.60