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Note 19 - Quarterly Financial Data (Tables)
 12 Months Ended
Dec. 31, 2014
Quarterly Financial Data (Unaudited) [Abstract]  
Schedule of Quarterly Financial Information [Table Text Block]
Quarterly Financial Data (Unaudited)
As a result of the Radian Asset Assurance Stock Purchase Agreement to sell Radian Asset Assurance, we have reclassified the operating results related to the pending disposition as discontinued operations for all periods presented in our consolidated statements of operations. See Note 3 for additional information.
(In thousands, except per share information)
2014 Quarters
 
First
 
Second
 
Third
 
Fourth
 
Year
Net premiums earned—insurance
$
198,762

 
$
203,646

 
$
217,827

 
$
224,293

 
$
844,528

Services revenue
—

 
—

 
42,243

 
34,450

 
76,693

Net investment income
15,318

 
16,663

 
17,143

 
16,531

 
65,655

Net gains (losses) on investments (1)
43,286

 
28,233

 
(6,308
)
 
18,658

 
83,869

Net (losses) gains on other financial instruments
(318
)
 
(2,901
)
 
14

 
(675
)
 
(3,880
)
Provision for losses
49,626

 
64,648

 
48,942

 
82,867

 
246,083

Policy acquisition and other operating expenses
61,524

 
67,497

 
55,465

 
92,243

 
276,729

Direct cost of services
—

 
—

 
23,896

 
19,709

 
43,605

Amortization and impairment of intangible assets
—

 
—

 
3,294

 
5,354

 
8,648

Net income from continuing operations (2)
145,980

 
103,537

 
132,031

 
878,026

 
1,259,574

Income (loss) from discontinued operations, net of tax (3)
56,779

 
71,296

 
21,559

 
(449,691
)
 
(300,057
)
Net income
202,759

 
174,833

 
153,590

 
428,335

 
959,517

Diluted net income per share (4)(5)
$
0.94

 
$
0.78

 
$
0.67

 
$
1.78

 
$
4.16

Weighted average shares outstanding-diluted (4)
222,668

 
230,779

 
238,067

 
242,801

 
233,902

 
 
 
 
 
 
 
 
 
 
 
2013 Quarters
 
First
 
Second
 
Third
 
Fourth
 
Year
Net premiums earned—insurance
$
182,992

 
$
197,952

 
$
200,120

 
$
200,356

 
$
781,420

Net investment income
16,961

 
17,087

 
16,351

 
17,722

 
68,121

Net losses on investments (1)
(3,140
)
 
(86,808
)
 
(6,366
)
 
(2,631
)
 
(98,945
)
Net (losses) gains on other financial instruments
(5,239
)
 
60

 
(193
)
 
(2,208
)
 
(7,580
)
Provision for losses
131,327

 
137,661

 
149,687

 
144,072

 
562,747

Policy acquisition and other operating expenses
84,603

 
62,487

 
70,324

 
68,473

 
285,887

Net loss from continuing operations
(20,214
)
 
(77,579
)
 
(28,011
)
 
(16,047
)
 
(141,851
)
(Loss) income from discontinued operations, net of tax
(167,286
)
 
44,407

 
15,329

 
52,416

 
(55,134
)
Net (loss) income
(187,500
)
 
(33,172
)
 
(12,682
)
 
36,369

 
(196,985
)
Diluted net (loss) income per share (4)(5)
$
(1.30
)
 
$
(0.19
)
 
$
(0.07
)
 
$
0.21

 
$
(1.18
)
Weighted average shares outstanding-diluted (4)
144,355

 
171,783

 
171,830

 
173,099

 
166,366

______________
(1)
The 2014 and 2013 amounts reflect unrealized gains (losses), respectively, on our trading securities.
(2)
This amount reflects a reversal of substantially all of our tax valuation allowance in the fourth quarter.
(3)
This amount reflects a $468 million loss on reclassification of Radian Asset Assurance as assets held for sale in the fourth quarter.
(4)
Diluted net income (loss) per share and average shares outstanding per the accounting standard regarding earnings per share.
(5)
Diluted net income (loss) per share is computed independently for each period presented. Consequently, the sum of the quarters may not equal the total net income (loss) per share for the year. For all calculations, the determination of whether potential common shares are dilutive or anti-dilutive is based on net income (loss) from continuing operations.