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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) (UNAUDITED) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Title insurance:    
Direct operations $ 187,428 $ 186,002
Agency operations 233,349 224,635
Ancillary services 17,304 22,035
Operating revenues 438,081 432,672
Investment income 4,671 5,070
Investment and other gains – net 287 488
Total revenues 443,039 438,230
Expenses    
Amounts retained by agencies 191,175 183,844
Employee costs 139,785 150,209
Other operating expenses 78,318 87,711
Title losses and related claims 20,701 23,093
Depreciation and amortization 6,378 8,306
Interest 817 779
Total expenses 437,174 453,942
Income (loss) before taxes and noncontrolling interests 5,865 (15,712)
Income tax benefit (144) (6,648)
Net income (loss) 6,009 (9,064)
Less net income attributable to noncontrolling interests 1,922 2,130
Net income (loss) attributable to Stewart 4,087 (11,194)
Net income (loss) 6,009 (9,064)
Other comprehensive income, net of taxes:    
Foreign currency translation adjustments 1,325 3,295
Change in net unrealized gains on investments 2,467 5,789
Reclassification of adjustment for gains included in net income (loss) (367) (64)
Other comprehensive income, net of taxes 3,425 9,020
Comprehensive income (loss) 9,434 (44)
Less net income attributable to noncontrolling interests 1,922 2,130
Comprehensive income (loss) attributable to Stewart $ 7,512 $ (2,174)
Basic average shares outstanding (000) 23,433 23,348
Basic earnings (loss) per share attributable to Stewart (in usd per share) $ 0.17 $ (0.48)
Diluted average shares outstanding (000) 23,569 23,348
Diluted earnings (loss) per share attributable to Stewart (in usd per share) $ 0.17 $ (0.48)