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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, 2020
Mar. 31, 2019
Revenues    
Investment income $ 5,218 $ 4,724
Net realized and unrealized (losses) gains (11,091) 3,403
Revenues 439,901 398,519
Expenses    
Amounts retained by agencies 199,366 176,494
Employee costs 135,652 129,256
Other operating expenses 71,858 77,155
Title losses and related claims 18,632 15,686
Depreciation and amortization 4,231 5,990
Interest 892 1,164
Total expenses 430,631 405,745
Income (loss) before taxes and noncontrolling interests 9,270 (7,226)
Income tax (expense) benefit (1,896) 2,442
Net income (loss) 7,374 (4,784)
Less net income attributable to noncontrolling interests 2,197 1,982
Net income (loss) attributable to Stewart 5,177 (6,766)
Net income (loss) 7,374 (4,784)
Other comprehensive (loss) income, net of taxes:    
Foreign currency translation adjustments (11,442) 4,588
Change in net unrealized gains and losses on investments (2,580) 9,011
Reclassification adjustment for realized gains and losses on investments (80) 162
Other comprehensive (loss) income, net of taxes: (14,102) 13,761
Comprehensive (loss) income (6,728) 8,977
Less net income attributable to noncontrolling interests 2,197 1,982
Comprehensive (loss) income attributable to Stewart $ (8,925) $ 6,995
Basic average shares outstanding (in shares) 23,638 23,595
Basic earnings per share attributable to Stewart (in usd per share) $ 0.22 $ (0.29)
Diluted average shares outstanding (in shares) 23,749 23,595
Diluted earnings per share attributable to Stewart (in usd per share) $ 0.22 $ (0.29)
Title - Direct operations    
Revenues    
Revenues $ 198,283 $ 161,247
Title - Agency operations    
Revenues    
Revenues 242,030 214,863
Ancillary services    
Revenues    
Revenues 5,461 14,282
Operating revenues    
Revenues    
Revenues $ 445,774 $ 390,392