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Quarterly Operating Results (Tables)
 12 Months Ended
Dec. 31, 2015
Quarterly Financial Information Disclosure [Abstract]  
Schedule of Quarterly Financial Information [Table Text Block]
Quarterly operating results for 2015 and 2014 were as follows:
(in thousands, except per share data)
 
First
Quarter
 
Second
Quarter
 
Third
Quarter
 
Fourth
Quarter
 
2015
 
 

 
 

 
 

 
 

 
Total revenues
 
$
404,298

 
$
419,447

 
$
432,167

 
$
404,597

 
Total expenses
 
$
310,520

 
$
318,533

 
$
319,337

 
$
309,560

 
Income before income taxes
 
$
93,778

 
$
100,914

 
$
112,830

 
$
95,037

 
Net income
 
$
56,951

 
$
61,005

 
$
67,427

 
$
57,935

 
Net income per share:
 
 
 
 
 
 
 
 
 
Basic
 
$
0.40

 
$
0.43

 
$
0.48

 
$
0.41

 
Diluted
 
$
0.39

 
$
0.43

 
$
0.47

 
$
0.41

 
2014
 
 
 
 
 
 
 
 
 
Total revenues
 
$
363,594

 
$
397,764

 
$
421,418

 
$
393,020

 
Total expenses
 
$
276,757

 
$
295,983

 
$
308,733

 
$
354,574

(1) 
Income before income taxes
 
$
86,837

 
$
101,781

 
$
112,685

 
$
38,446

(1) 
Net income
 
$
52,415

 
$
61,755

 
$
68,331

 
$
24,395

(1) 
Net income per share:
 
 
 
 
 
 
 
 
 
Basic
 
$
0.36

 
$
0.43

 
$
0.47

 
$
0.17

 
Diluted
 
$
0.36

 
$
0.42

 
$
0.47

 
$
0.17

 
(1)
The Company recognized a pre-tax loss on disposal of $47.4 million as a result of the sale of Axiom effective December 31, 2014. The sale was part of the Company’s strategy to exit the reinsurance brokerage business.