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Note 21 - Quarterly Financial Data (Tables) | 12 Months Ended
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Dec. 31, 2015
Quarterly Financial Data (Unaudited) [Abstract] |
Schedule of Quarterly Financial Information [Table Text Block] |
(In thousands, except per share information) | 2015 Quarters
| First |  | Second |  | Third |  | Fourth |  | Year
Net premiums earned—insurance | $ | 224,595 |  |  | $ | 237,437 |  |  | $ | 227,433 |  |  | $ | 226,443 |  |  | $ | 915,908 |
Services revenue (1) | 30,630 |  |  | 43,503 |  |  | 42,189 |  |  | 37,493 |  |  | 153,815 |
Net investment income | 17,328 |  |  | 19,285 |  |  | 22,091 |  |  | 22,833 |  |  | 81,537 |
Net gains (losses) on investments and other financial instruments (2) | 16,779 |  |  | 28,448 |  |  | 3,868 |  |  | (13,402 | ) |  | 35,693 |
Provision for losses | 45,028 |  |  | 32,560 |  |  | 64,192 |  |  | 56,805 |  |  | 198,585 |
Policy acquisition | 7,750 |  |  | 6,963 |  |  | 2,880 |  |  | 4,831 |  |  | 22,424 |
Direct cost of services | 19,253 |  |  | 23,520 |  |  | 24,949 |  |  | 22,241 |  |  | 89,963 |
Other operating expenses | 53,774 |  |  | 67,731 |  |  | 65,082 |  |  | 59,570 |  |  | 246,157 |
Loss on induced conversion and debt extinguishment | — |  |  | 91,876 |  |  | 11 |  |  | 2,320 |  |  | 94,207 |
Amortization and impairment of intangible assets | 3,023 |  |  | 3,281 |  |  | 3,273 |  |  | 3,409 |  |  | 12,986 |
Net income from continuing operations | 91,727 |  |  | 45,193 |  |  | 70,091 |  |  | 74,528 |  |  | 281,539 |
Income from discontinued operations, net of tax (3) | 530 |  |  | 4,855 |  |  | — |  |  | — |  |  | 5,385 |
Net income | 92,257 |  |  | 50,048 |  |  | 70,091 |  |  | 74,528 |  |  | 286,924 |
Diluted net income per share (4)(5) | $ | 0.39 |  |  | $ | 0.22 |  |  | $ | 0.29 |  |  | $ | 0.32 |  |  | $ | 1.22 |
Weighted average shares outstanding-diluted (4) | 243,048 |  |  | 246,650 |  |  | 250,795 |  |  | 247,981 |  |  | 246,332 |
| 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 and other financial instruments (2) | 42,968 |  |  | 25,332 |  |  | (6,294 | ) |  | 17,983 |  |  | 79,989 |
Provision for losses | 49,626 |  |  | 64,648 |  |  | 48,942 |  |  | 82,867 |  |  | 246,083 |
Policy acquisition | 7,017 |  |  | 6,746 |  |  | 4,240 |  |  | 6,443 |  |  | 24,446 |
Direct cost of services | — |  |  | — |  |  | 23,896 |  |  | 19,709 |  |  | 43,605 |
Other operating expenses | 54,507 |  |  | 60,751 |  |  | 51,225 |  |  | 85,800 |  |  | 252,283 |
Amortization and impairment of intangible assets | — |  |  | — |  |  | 3,294 |  |  | 5,354 |  |  | 8,648 |
Net income (loss) from continuing operations (6) | 145,980 |  |  | 103,537 |  |  | 132,031 |  |  | 878,026 |  |  | 1,259,574 |
Income (loss) from discontinued operations, net of tax (3)(7) | 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 |
______________
(1) | Services revenue for the first quarter includes $101 thousand that had previously been included in other income.
(2) | The 2015 and 2014 amounts reflect primarily unrealized (losses) gains, respectively, on our trading securities.
(3) | Radian completed the sale of Radian Asset Assurance to Assured on April 1, 2015, pursuant to the Radian Asset Assurance Stock Purchase Agreement dated as of December 22, 2014. Until the April 1, 2015 sale date, the operating results of Radian Asset Assurance were classified as discontinued operations for all periods presented in our consolidated statements of operations. See Note 3 for additional information.
(4) | Diluted net income per share and average shares outstanding per the accounting standard regarding earnings per share.
(5) | Diluted net income per share is computed independently for each period presented. Consequently, the sum of the quarters may not equal the total net income 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 from continuing operations.
(6) | This amount reflects a reversal of substantially all of our tax valuation allowance in the fourth quarter of 2014.
(7) | Reflects a $468 million loss on reclassification of Radian Asset Assurance as assets held for sale in the fourth quarter of 2014.

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- Definition Tabular disclosure of the quarterly financial data in the annual financial statements. The disclosure includes financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income (loss) before extraordinary items and cumulative effect of a change in accounting principle and earnings per share data. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a)-(j) -URI http://asc.fasb.org/extlink&oid=51825399&loc=d3e1280-108306 + Details
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