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Earnings per share (Tables)
 9 Months Ended
Sep. 30, 2016
Earnings Per Share [Abstract]  
Schedule of Earnings Per Share, Basic and Diluted
The calculation of the basic and diluted earnings per share is as follows:
 
For the Three Months Ended 
 September 30,
For the Nine Months Ended 
 September 30,
 
2016
2015
2016
2015
 
($000 omitted, except per share)
Numerator:
 
 
 
 
Net income (loss) attributable to Stewart
26,375

(13,467
)
38,778

(8,809
)
Less: Cash paid on Class B Common Shares conversion (a)
—

—

(12,000
)
—

Net income (loss) available to common shareholders
26,375

(13,467
)
26,778

(8,809
)
 
 
 
 
 
Denominator (000):
 
 
 
 
Basic average shares outstanding
23,371

23,286

23,362

23,631

Average number of dilutive shares relating to options
1

—

1

—

Average number of dilutive shares relating to grants of restricted shares
239

—

233

—

Diluted average shares outstanding
23,611

23,286

23,596

23,631

 
 
 
 
 
Basic earnings (loss) per share attributable to Stewart
1.13

(0.58
)
1.15

(0.37
)
 
 
 
 
 
Diluted earnings (loss) per share attributable to Stewart
1.12

(0.58
)
1.13

(0.37
)


(a) - In accordance with the ASC 260, Earnings Per Share, the $12.0 million payment to the holders of the Class B Common Stock shares (refer to Note 11) is treated in a manner similar to the treatment of dividends on preferred stock for the purpose of calculating EPS. Accordingly, the $12.0 million payment was deducted from the 2016 net income to arrive at net income available to common stockholders for calculating basic and diluted EPS.