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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE (LOSS) INCOME (UNAUDITED) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Title revenues:    
Direct operations $ 185,512 $ 187,428
Agency operations 236,854 233,349
Ancillary services 11,831 17,304
Operating revenues 434,197 438,081
Investment income 4,704 4,671
Investment and other (losses) gains – net (1,671) 287
Total revenues 437,230 443,039
Expenses    
Amounts retained by agencies 195,207 191,175
Employee costs 138,822 139,785
Other operating expenses 80,267 78,318
Title losses and related claims 18,981 20,701
Depreciation and amortization 6,234 6,378
Interest 974 817
Total expenses 440,485 437,174
(Loss) income before taxes and noncontrolling interests (3,255) 5,865
Income tax benefit (1,294) (144)
Net (loss) income (1,961) 6,009
Less net income attributable to noncontrolling interests 1,819 1,922
Net (loss) income attributable to Stewart (3,780) 4,087
Net (loss) income (1,961) 6,009
Other comprehensive (loss) income, net of taxes:    
Foreign currency translation adjustments (1,592) 1,325
Change in net unrealized gains and losses on investments (8,006) 2,467
Reclassification adjustment for net gains included in net (loss) income (249) (367)
Other comprehensive (loss) income, net of taxes (9,847) 3,425
Comprehensive (loss) income (11,808) 9,434
Less net income attributable to noncontrolling interests 1,819 1,922
Comprehensive (loss) income attributable to Stewart $ (13,627) $ 7,512
Basic average shares outstanding (000) 23,508 23,433
Basic earnings per share attributable to Stewart (in usd per share) $ (0.16) $ 0.17
Diluted average shares outstanding (000) 23,508 23,569
Diluted earnings per share attributable to Stewart (in usd per share) $ (0.16) $ 0.17