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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE (LOSS) EARNINGS (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
Revenues        
Direct operations $ 202,831 $ 211,900 $ 352,520 $ 371,546
Agency operations 209,924 269,898 423,597 497,560
Mortgage services 29,886 31,014 56,103 67,083
Investment income 4,861 4,285 8,718 7,928
Investment and other (losses) gains – net (664) 123 (524) (3,184)
Total revenues 446,838 517,220 840,414 940,933
Expenses        
Amounts retained by agencies 170,779 219,489 345,458 406,554
Employee costs 151,251 146,397 293,173 283,227
Other operating expenses 89,164 73,426 156,901 137,223
Title losses and related claims 18,170 24,169 40,937 47,731
Depreciation and amortization 5,055 4,221 9,450 8,578
Interest 883 656 1,545 1,611
Total expenses 435,302 468,358 847,464 884,924
Earnings (loss) before taxes and noncontrolling interests 11,536 48,862 (7,050) 56,009
Income tax expense (benefit) 2,789 18,963 (5,168) 21,352
Net earnings (loss) 8,747 29,899 (1,882) 34,657
Less net earnings attributable to noncontrolling interests 2,468 3,000 3,946 4,552
Net earnings (loss) attributable to Stewart 6,279 26,899 (5,828) 30,105
Net earnings (loss) attributable to Stewart        
Foreign currency translation 6,037 (5,588) 1,898 (9,834)
Change in unrealized gains (losses) on investments 5,702 (14,466) 12,103 (12,832)
Reclassification of adjustment for gains included in net earnings (96) (1,509) (298) (1,901)
Other comprehensive earnings (loss), before taxes 11,643 (21,563) 13,703 (24,567)
Income tax expense (benefit) related to items of other comprehensive earnings (loss) 3,870 (7,230) 4,308 (7,789)
Other comprehensive earnings (loss), net of taxes 7,773 (14,333) 9,395 (16,778)
Comprehensive earnings 16,520 15,566 7,513 17,879
Less comprehensive earnings attributable to noncontrolling interests 2,468 3,000 3,946 4,552
Comprehensive earnings attributable to Stewart $ 14,052 $ 12,566 $ 3,567 $ 13,327
Basic average shares outstanding 22,476 22,433 22,491 21,701
Basic earnings per share attributable to Stewart (usd per share) $ 0.28 $ 1.20 $ (0.26) $ 1.39
Diluted average shares outstanding 24,848 24,919 22,491 24,743
Diluted earnings per share attributable to Stewart (usd per share) $ 0.27 $ 1.09 $ (0.26) $ 1.25