XML 16 R2.htm IDEA: XBRL DOCUMENT v3.6.0.2
CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) - USD ($)
shares in Thousands, $ in Thousands
 12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Title insurance:      
Direct operations $ 894,313 $ 897,118 $ 808,327
Agency operations 1,009,797 991,332 906,062
Ancillary services 84,271 129,954 132,891
Investment income 18,925 16,850 16,806
Investment and other (losses) gains – net (666) (1,369) 6,744
Total revenues 2,006,640 2,033,885 1,870,830
Expenses      
Amounts retained by agencies 826,022 809,564 738,649
Employee costs 604,353 658,266 624,326
Other operating expenses 363,986 381,954 347,276
Title losses and related claims 91,147 106,265 81,305
Impairment of goodwill 0 35,749 0
Depreciation and amortization 30,044 30,298 24,226
Interest 3,062 2,096 3,236
Total expenses 1,918,614 2,024,192 1,819,018
Income before taxes and noncontrolling interests 88,026 9,693 51,812
Income tax expense 19,605 5,650 13,503
Net income 68,421 4,043 38,309
Less net income attributable to noncontrolling interests 12,943 10,247 8,556
Net income (loss) attributable to Stewart 55,478 (6,204) 29,753
Net income (loss) attributable to Stewart      
Net income 68,421 4,043 38,309
Other comprehensive (loss) income, net of taxes:      
Foreign currency translation adjustments (3,367) (11,145) (7,565)
Change in unrealized net gains on investments 354 (3,741) 9,793
Reclassification adjustment for net gains included in net income (1,911) (1,626) (555)
Other comprehensive (loss) income, net of taxes (4,924) (16,512) 1,673
Comprehensive income (loss) 63,497 (12,469) 39,982
Less comprehensive income attributable to noncontrolling interests 12,943 10,247 8,556
Comprehensive income (loss) attributable to Stewart $ 50,554 $ (22,716) $ 31,426
Basic average shares outstanding (shares) 23,364 23,544 22,778
Basic earnings (loss) per share attributable to Stewart (USD per share) $ 1.86 $ (0.26) $ 1.31
Diluted average shares outstanding (shares) 23,472 23,544 24,710
Diluted earnings (loss) per share attributable to Stewart (USD per share) $ 1.85 $ (0.26) $ 1.24