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Condensed Consolidated Statements of Operations and Comprehensive Earnings (Loss) (USD $)
In Thousands, except Per Share data
3 Months Ended 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
Title insurance:        
Direct operations $ 165,841 $ 171,200 $ 305,070 $ 300,705
Agency operations 213,829 230,453 405,638 433,024
Real estate information 22,564 26,659 53,949 38,201
Investment income 3,882 5,434 7,742 10,216
Investment and other (losses) gains - net (1,233) 7,795 (1,101) 10,708
Total revenues 404,883 441,541 771,298 792,854
Expenses        
Amounts retained by agencies 177,301 191,820 335,748 360,555
Employee costs 116,587 119,532 234,513 233,635
Other operating expenses 64,249 67,694 123,375 132,081
Title losses and related claims 34,984 37,449 66,185 63,786
Depreciation and amortization 4,762 5,677 9,592 11,613
Interest 1,294 1,394 2,572 2,952
Total expenses 399,177 423,566 771,985 804,622
Earnings (loss) before taxes and noncontrolling interests 5,706 17,975 (687) (11,768)
Income tax (benefit) expense (1,942) 5,863 1,189 4,325
Net earnings (loss) 7,648 12,112 (1,876) (16,093)
Less net earnings attributable to noncontrolling interests 1,708 2,684 2,477 3,442
Net earnings (loss) attributable to Stewart 5,940 9,428 (4,353) (19,535)
Comprehensive earnings (loss):        
Net earnings (loss) 7,648 12,112 (1,876) (16,093)
Other comprehensive earnings, net of taxes of $1,734 $1,385, $2,895 and $2,869 2,380 1,843 1,990 3,833
Comprehensive earnings (loss) 10,028 13,955 114 (12,260)
Less comprehensive earnings attributable to noncontrolling interests 1,708 2,684 2,477 3,442
Comprehensive earnings (loss) attributable to Stewart $ 8,320 $ 11,271 $ (2,363) $ (15,702)
Basic average shares outstanding (000) 19,216 18,320 19,024 18,289
Basic earnings (loss) per share attributable to Stewart $ 0.31 $ 0.51 $ (0.23) $ (1.07)
Dilutive average shares outstanding (000) 24,326 22,957 19,024 18,289
Diluted earnings (loss) per share attributable to Stewart $ 0.28 $ 0.45 $ (0.23) $ (1.07)