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CONSOLIDATED STATEMENTS OF COMPREHENSIVE (LOSS) INCOME (Unaudited) - USD ($)
shares in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Revenues:        
Premiums earned $ 73,459,000 $ 80,850,000 $ 143,272,000 $ 157,257,000
Commission and fee income 16,824,000 19,183,000 34,052,000 38,764,000
Investment income 1,123,000 1,646,000 2,156,000 2,608,000
Gain on sale of foreclosed real estate   1,237,000   1,237,000
Net realized gains (losses) on investments, available-for-sale 5,000 (162,000)   (164,000)
Total revenues 91,411,000 102,754,000 179,480,000 199,702,000
Costs and expenses:        
Losses and loss adjustment expenses 62,806,000 100,765,000 119,086,000 174,184,000
Insurance operating expenses 27,879,000 30,314,000 55,935,000 59,961,000
Other operating expenses 267,000 283,000 538,000 563,000
Stock-based compensation 74,000 68,000 113,000 105,000
Depreciation 540,000 616,000 1,086,000 1,267,000
Amortization of identifiable intangibles assets 195,000 239,000 398,000 477,000
Interest expense 1,130,000 1,076,000 2,228,000 2,126,000
Total costs and expenses 92,891,000 133,361,000 179,384,000 238,683,000
(Loss) income before income taxes (1,480,000) (30,607,000) 96,000 (38,981,000)
(Benefit) provision for income taxes (577,000) (10,708,000) 269,000 (13,577,000)
Net loss $ (903,000) $ (19,899,000) $ (173,000) $ (25,404,000)
Net loss per share:        
Basic $ (0.02) $ (0.48) $ 0.00 $ (0.62)
Diluted $ (0.02) $ (0.48) $ 0.00 $ (0.62)
Number of shares used to calculate net loss per share:        
Basic 41,164 41,064 41,162 41,062
Diluted 41,164 41,064 41,162 41,062
Reconciliation of net loss income to other comprehensive (loss) income:        
Net loss $ (903,000) $ (19,899,000) $ (173,000) $ (25,404,000)
Net unrealized change in investments, net of tax of $388, $757, $628 and $1,668, respectively 720,000 1,407,000 1,158,000 3,098,000
Comprehensive (loss) income (183,000) (18,492,000) 985,000 (22,306,000)
Detail of net realized gains (losses) on investments, available-for-sale:        
Net realized gains (losses) on redemptions 5,000 (15,000)   (17,000)
Other-than-temporary impairment charges   (147,000) $ 0 (147,000)
Net realized gains (losses) on investments, available-for-sale $ 5,000 $ (162,000)   $ (164,000)