XML 15 R2.htm IDEA: XBRL DOCUMENT v3.19.1
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS (UNAUDITED) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Revenues    
Investment income $ 4,724 $ 4,704
Investment and other gains (losses) – net 3,403 (1,671)
Revenues 398,519 437,230
Expenses    
Amounts retained by agencies 176,494 195,207
Employee costs 129,256 138,822
Other operating expenses 77,155 80,267
Title losses and related claims 15,686 18,981
Depreciation and amortization 5,990 6,234
Interest 1,164 974
Total expenses 405,745 440,485
Loss before taxes and noncontrolling interests (7,226) (3,255)
Income tax benefit 2,442 1,294
Net loss (4,784) (1,961)
Less net income attributable to noncontrolling interests 1,982 1,819
Net loss attributable to Stewart (6,766) (3,780)
Net loss (4,784) (1,961)
Other comprehensive income (loss), net of taxes:    
Foreign currency translation adjustments 4,588 (1,592)
Change in net unrealized gains and losses on investments 9,011 (8,006)
Reclassification adjustment for net losses (gains) included in net income 162 (249)
Other comprehensive income (loss) 13,761 (9,847)
Comprehensive income (loss) 8,977 (11,808)
Less net income attributable to noncontrolling interests 1,982 1,819
Comprehensive income (loss) attributable to Stewart $ 6,995 $ (13,627)
Basic and diluted average shares outstanding (in shares) 23,595 23,508
Basic and diluted loss per share attributable to Stewart (in usd per share) $ (0.29) $ (0.16)
Title - Direct operations    
Revenues    
Revenues $ 161,247 $ 185,512
Title - Agency operations    
Revenues    
Revenues 214,863 236,854
Ancillary services    
Revenues    
Revenues 14,282 11,831
Operating revenues    
Revenues    
Revenues $ 390,392 $ 434,197