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CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS AND COMPREHENSIVE (LOSS) EARNINGS (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
Revenues        
Direct operations $ 229,277 $ 202,344 $ 588,133 $ 581,281
Agency operations 231,109 306,583 654,706 804,143
Mortgage services 42,174 23,322 91,941 83,014
Investment income 3,870 3,729 12,588 11,657
Investment and other gains (losses) – net 1,667 857 1,143 (2,327)
Total revenues 508,097 536,835 1,348,511 1,477,768
Expenses        
Amounts retained by agencies 188,513 250,035 533,971 656,589
Employee costs 164,423 147,132 457,596 430,360
Other operating expenses 95,535 72,657 252,436 209,878
Title losses and related claims 9,084 32,630 50,021 80,362
Depreciation and amortization 6,621 4,142 16,070 12,721
Interest 1,101 649 2,646 2,259
Total expenses 465,277 507,245 1,312,740 1,392,169
Earnings before taxes and noncontrolling interests 42,820 29,590 35,771 85,599
Income tax expense 16,760 11,573 11,592 32,925
Net earnings 26,060 18,017 24,179 52,674
Less net earnings attributable to noncontrolling interests 2,343 2,608 6,289 7,160
Net earnings attributable to Stewart 23,717 15,409 17,890 45,514
Net earnings attributable to Stewart        
Net earnings 26,060 18,017 24,179 52,674
Foreign currency translation (6,030) 3,560 (4,308) (3,642)
Change in unrealized (losses) gains on investments (966) 1,287 6,900 (7,053)
Reclassification of adjustment for gains included in net earnings (185) (338) (378) (1,574)
Other comprehensive (loss) earnings, net of taxes (7,181) 4,509 2,214 (12,269)
Comprehensive earnings 18,879 22,526 26,393 40,405
Less comprehensive earnings attributable to noncontrolling interests 2,343 2,608 6,289 7,160
Comprehensive earnings attributable to Stewart $ 16,536 $ 19,918 $ 20,104 $ 33,245
Basic average shares outstanding 22,267 22,475 22,416 21,962
Basic earnings per share attributable to Stewart (usd per share) $ 1.07 $ 0.69 $ 0.80 $ 2.07
Diluted average shares outstanding 24,663 24,769 24,812 24,735
Diluted earnings per share attributable to Stewart (usd per share) $ 0.97 $ 0.63 $ 0.76 $ 1.88