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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) (UNAUDITED) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Title insurance:        
Direct operations $ 241,109 $ 243,128 $ 664,128 $ 676,148
Agency operations 282,269 279,343 732,320 741,993
Ancillary services 22,059 29,924 65,276 104,878
Investment income 4,520 4,121 14,445 12,735
Investment and other gains (losses) – net 3,253 (811) 4,706 728
Total revenues 553,210 555,705 1,480,875 1,536,482
Expenses        
Amounts retained by agencies 231,586 227,374 598,915 607,611
Employee costs 154,529 165,024 457,166 498,598
Other operating expenses 94,043 99,758 268,210 286,553
Title losses and related claims 26,365 25,883 66,612 78,593
Impairment of goodwill 0 35,000 0 35,000
Depreciation and amortization 7,082 7,633 22,728 22,013
Interest 797 601 2,237 1,525
Total expenses 514,402 561,273 1,415,868 1,529,893
Income (loss) before taxes and noncontrolling interests 38,808 (5,568) 65,007 6,589
Income tax expense 9,041 4,859 16,779 7,735
Net income (loss) 29,767 (10,427) 48,228 (1,146)
Less net income attributable to noncontrolling interests 3,392 3,040 9,450 7,663
Net income (loss) attributable to Stewart 26,375 (13,467) 38,778 (8,809)
Net income (loss) attributable to Stewart        
Net income (loss) 29,767 (10,427) 48,228 (1,146)
Other comprehensive (loss) income, net of taxes:        
Foreign currency translation adjustments (1,808) (4,282) (216) (8,538)
Change in net unrealized gains on investments (263) (155) 11,708 (4,096)
Reclassification of adjustment for gains included in net income (loss) (865) (439) (1,044) (1,221)
Other comprehensive (loss) income, net of taxes (2,936) (4,876) 10,448 (13,855)
Comprehensive income (loss) 26,831 (15,303) 58,676 (15,001)
Less net income attributable to noncontrolling interests 3,392 3,040 9,450 7,663
Comprehensive income (loss) attributable to Stewart $ 23,439 $ (18,343) $ 49,226 $ (22,664)
Basic average shares outstanding (000) 23,371 23,286 23,362 23,631
Basic earnings (loss) per share attributable to Stewart (in usd per share) $ 1.13 $ (0.58) $ 1.15 $ (0.37)
Diluted average shares outstanding (000) 23,611 23,286 23,596 23,631
Diluted earnings (loss) per share attributable to Stewart (in usd per share) $ 1.12 $ (0.58) $ 1.13 $ (0.37)