XML 50 R6.htm IDEA: XBRL DOCUMENT v2.4.1.9
Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
12 Months Ended 9 Months Ended 3 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2012
Mar. 19, 2012
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities:          
Equity-based compensation expense $ 807us-gaap_ShareBasedCompensation $ 401us-gaap_ShareBasedCompensation $ 143us-gaap_ShareBasedCompensation    
Cash flows from financing activities:          
Cash and cash equivalents, beginning of period 11,986us-gaap_CashAndCashEquivalentsAtCarryingValue        
Cash and cash equivalents, end of period 78,009us-gaap_CashAndCashEquivalentsAtCarryingValue 11,986us-gaap_CashAndCashEquivalentsAtCarryingValue      
Successor [Member]          
Cash flows from operating activities:          
Net (loss) 3,070us-gaap_NetIncomeLoss
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
338us-gaap_NetIncomeLoss
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
  (12,353)us-gaap_NetIncomeLoss
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
 
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities:          
Amortization of bond premium or discount 1,663us-gaap_AmortizationOfDebtDiscountPremium
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
2,309us-gaap_AmortizationOfDebtDiscountPremium
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
  1,837us-gaap_AmortizationOfDebtDiscountPremium
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
 
Net realized (gain) loss on sale of investments (436)us-gaap_GainLossOnSaleOfInvestments
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
1,575us-gaap_GainLossOnSaleOfInvestments
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
  (2,747)us-gaap_GainLossOnSaleOfInvestments
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
 
Unrealized (gain) loss on trading securities 774us-gaap_TradingSecuritiesUnrealizedHoldingGainLoss
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
3,492us-gaap_TradingSecuritiesUnrealizedHoldingGainLoss
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
  1,410us-gaap_TradingSecuritiesUnrealizedHoldingGainLoss
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
 
Equity-based compensation expense 807us-gaap_ShareBasedCompensation
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
401us-gaap_ShareBasedCompensation
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
  143us-gaap_ShareBasedCompensation
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
 
Changes in assets and liabilities:          
Accrued investment income 634us-gaap_IncreaseDecreaseInAccruedInvestmentIncomeReceivable
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
588us-gaap_IncreaseDecreaseInAccruedInvestmentIncomeReceivable
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
  615us-gaap_IncreaseDecreaseInAccruedInvestmentIncomeReceivable
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
 
Other assets 586us-gaap_IncreaseDecreaseInOtherOperatingAssets
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
338us-gaap_IncreaseDecreaseInOtherOperatingAssets
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
  1,589us-gaap_IncreaseDecreaseInOtherOperatingAssets
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
 
Change in cash equivalents held in trust 21,971wmih_IncreaseDecreaseInCashHeldInTrust
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
(16,074)wmih_IncreaseDecreaseInCashHeldInTrust
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
  9,230wmih_IncreaseDecreaseInCashHeldInTrust
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
 
Change in restricted cash (2,332)wmih_NetChangeInRestrictedCash
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
25,054wmih_NetChangeInRestrictedCash
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
  (25,169)wmih_NetChangeInRestrictedCash
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
 
Losses and loss adjustment reserves (25,367)wmih_IncreaseDecreaseInLossesAndLossAdjustmentReserves
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
(38,210)wmih_IncreaseDecreaseInLossesAndLossAdjustmentReserves
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
  (58,486)wmih_IncreaseDecreaseInLossesAndLossAdjustmentReserves
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
 
Losses payable (1,821)wmih_IncreaseDecreaseInLossesPayable
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
377wmih_IncreaseDecreaseInLossesPayable
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
  (5,445)wmih_IncreaseDecreaseInLossesPayable
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
 
Unearned premiums (300)us-gaap_IncreaseDecreaseInUnearnedPremiums
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
1,169us-gaap_IncreaseDecreaseInUnearnedPremiums
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
  (184)us-gaap_IncreaseDecreaseInUnearnedPremiums
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
 
Accrued ceding commission expense (58)wmih_IncreaseDecreaseInAccruedCedingCommissionExpense
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
(34)wmih_IncreaseDecreaseInAccruedCedingCommissionExpense
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
  (330)wmih_IncreaseDecreaseInAccruedCedingCommissionExpense
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
 
Accrued interest on notes payable (805)wmih_IncreaseDecreaseInAccruedInterestOnNotesPayable
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
(333)wmih_IncreaseDecreaseInAccruedInterestOnNotesPayable
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
  1,476wmih_IncreaseDecreaseInAccruedInterestOnNotesPayable
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
 
Loss contract fair market value reserve (33,770)wmih_IncreaseDecreaseInLossContractFairMarketValueReserve
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
(5,898)wmih_IncreaseDecreaseInLossContractFairMarketValueReserve
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
  (10,847)wmih_IncreaseDecreaseInLossContractFairMarketValueReserve
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
 
Other liabilities 1,803us-gaap_IncreaseDecreaseInOtherOperatingLiabilities
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
682us-gaap_IncreaseDecreaseInOtherOperatingLiabilities
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
  (3,513)us-gaap_IncreaseDecreaseInOtherOperatingLiabilities
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
 
Total adjustments (36,651)us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
(24,564)us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
  (90,421)us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
 
Net cash (used in) provided by operating activities: (33,581)us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
(24,226)us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
  (102,774)us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
 
Cash flows from investing activities:          
Purchase of investments (511,103)us-gaap_PaymentsToAcquireInvestments
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
(430,983)us-gaap_PaymentsToAcquireInvestments
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
  (202,847)us-gaap_PaymentsToAcquireInvestments
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
 
Proceeds from sales and maturities of investments 667,262us-gaap_ProceedsFromSaleAndMaturityOfTradingSecuritiesHeldforinvestment
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
482,275us-gaap_ProceedsFromSaleAndMaturityOfTradingSecuritiesHeldforinvestment
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
  234,096us-gaap_ProceedsFromSaleAndMaturityOfTradingSecuritiesHeldforinvestment
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
 
Net cash provided by (used in) investing activities: 156,159us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
51,292us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
  31,249us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
 
Cash flows from financing activities:          
Proceeds from issuance of preferred stock and warrants to purchase common stock 22,572us-gaap_ProceedsFromIssuanceOfPreferredStockPreferenceStockAndWarrants
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
       
Fees incurred relating to preferred stock and warrant issuance (3,348)us-gaap_PaymentsOfStockIssuanceCosts
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
       
Deferred offering costs (1,497)wmih_IncreaseDecreaseInDeferredCosts
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
(1,071)wmih_IncreaseDecreaseInDeferredCosts
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
     
Notes payable – principal repayments (78,890)us-gaap_RepaymentsOfNotesPayable
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
(36,294)us-gaap_RepaymentsOfNotesPayable
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
  (2,064)us-gaap_RepaymentsOfNotesPayable
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
 
Notes payable – principal issued 4,608us-gaap_ProceedsFromNotesPayable
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
5,524us-gaap_ProceedsFromNotesPayable
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
  8,336us-gaap_ProceedsFromNotesPayable
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
 
Net cash provided by (used in) financing activities: (56,555)us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
(31,841)us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
  6,272us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
 
Increase (decrease) in cash and cash equivalents 66,023us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
(4,775)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
  (65,253)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
 
Cash and cash equivalents, beginning of period 11,986us-gaap_CashAndCashEquivalentsAtCarryingValue
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
16,761us-gaap_CashAndCashEquivalentsAtCarryingValue
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
  82,014us-gaap_CashAndCashEquivalentsAtCarryingValue
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
 
Cash and cash equivalents, end of period 78,009us-gaap_CashAndCashEquivalentsAtCarryingValue
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
11,986us-gaap_CashAndCashEquivalentsAtCarryingValue
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
16,761us-gaap_CashAndCashEquivalentsAtCarryingValue
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
16,761us-gaap_CashAndCashEquivalentsAtCarryingValue
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
 
Cash paid during the period:          
Interest 18,272us-gaap_InterestPaid
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
9,707us-gaap_InterestPaid
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
  3,699us-gaap_InterestPaid
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
 
Supplementary disclosure of non-cash investing and financing activities:          
Notes payable issued in lieu of cash interest payments 4,608us-gaap_NotesIssued1
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
5,524us-gaap_NotesIssued1
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
  8,336us-gaap_NotesIssued1
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
 
Preferred deemed dividend recorded due to beneficial conversion feature 9,455wmih_NoncashPreferredDeemedDividendRecordedOnBeneficialConversionFeature
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
       
Predecessor [Member]          
Cash flows from operating activities:          
Net (loss)     (15,800)us-gaap_NetIncomeLoss
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
  (3,433)us-gaap_NetIncomeLoss
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities:          
Amortization of bond premium or discount         523us-gaap_AmortizationOfDebtDiscountPremium
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Net realized (gain) loss on sale of investments         (176)us-gaap_GainLossOnSaleOfInvestments
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Unrealized (gain) loss on trading securities         (1,049)us-gaap_TradingSecuritiesUnrealizedHoldingGainLoss
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Changes in assets and liabilities:          
Accrued investment income         309us-gaap_IncreaseDecreaseInAccruedInvestmentIncomeReceivable
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Other assets         (597)us-gaap_IncreaseDecreaseInOtherOperatingAssets
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Change in cash equivalents held in trust         7,209wmih_IncreaseDecreaseInCashHeldInTrust
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Losses and loss adjustment reserves         (1,109)wmih_IncreaseDecreaseInLossesAndLossAdjustmentReserves
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Losses payable         1,662wmih_IncreaseDecreaseInLossesPayable
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Unearned premiums         (47)us-gaap_IncreaseDecreaseInUnearnedPremiums
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Accrued ceding commission expense         137wmih_IncreaseDecreaseInAccruedCedingCommissionExpense
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Other liabilities         414us-gaap_IncreaseDecreaseInOtherOperatingLiabilities
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Total adjustments         7,276us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Net cash (used in) provided by operating activities:         3,843us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Cash flows from investing activities:          
Purchase of investments         (38,506)us-gaap_PaymentsToAcquireInvestments
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Proceeds from sales and maturities of investments         34,035us-gaap_ProceedsFromSaleAndMaturityOfTradingSecuritiesHeldforinvestment
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Net cash provided by (used in) investing activities:         (4,471)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Cash flows from financing activities:          
Cash from reorganization activities         75,000wmih_CashFromUsedInReorganizationActivities
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Net cash provided by (used in) financing activities:         75,000us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Increase (decrease) in cash and cash equivalents         74,372us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Cash and cash equivalents, beginning of period     7,642us-gaap_CashAndCashEquivalentsAtCarryingValue
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
  7,642us-gaap_CashAndCashEquivalentsAtCarryingValue
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Cash and cash equivalents, end of period         $ 82,014us-gaap_CashAndCashEquivalentsAtCarryingValue
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember