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Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 2016

Fair Value Disclosures [Abstract]

Assets Measured at Estimated Fair Value on a Recurring Basis

The following table presents information about the Company’s financial assets measured at estimated fair value on a recurring basis. The table indicates the fair value hierarchy of the valuation techniques utilized by the Company to determine such fair value as of September 30, 2016 and December 31, 2015:

		Fair Value Measurements Using
		(Level 1)				(Level 2)				(Level 3)				Total
As of September 30, 2016
Financial Assets:
Cash and cash equivalents		$	291,880			$	—			$	—			$	291,880
Fixed-maturity securities:
U.S. Treasury and U.S. government agencies			440				—				—				440
Corporate bonds			76,264				984				—				77,248
State, municipalities, and political subdivisions			—				79,767				—				79,767
Exchange-traded debt			12,316				—				—				12,316
Redeemable preferred stock			245				—				—				245
Total fixed-maturity securities			89,265				80,751				—				170,016
Equity securities			51,460				—				—				51,460
Total available-for-sale securities			140,725				80,751				—				221,476
Total		$	432,605			$	80,751			$	—			$	513,356

		Fair Value Measurements Using
		(Level 1)				(Level 2)				(Level 3)				Total
As of December 31, 2015
Financial Assets:
Cash and cash equivalents		$	267,738			$	—			$	—			$	267,738
Fixed-maturity securities:
U.S. Treasury and U.S. government agencies			113				—				—				113
Corporate bonds			36,836				983				—				37,819
State, municipalities, and political subdivisions			—				77,324				—				77,324
Exchange-traded debt			9,429				—				—				9,429
Redeemable preferred stock			324				—				—				324
Total fixed-maturity securities			46,702				78,307				—				125,009
Equity securities			48,237				—				—				48,237
Total available-for-sale securities			94,939				78,307				—				173,246
Total		$	362,677			$	78,307			$	—			$	440,984

Schedule of Fair Value Information for Financial Assets and Liabilities Carried on Balance Sheet

The following tables present fair value information for assets and liabilities that are carried on the balance sheet at amounts other than fair value as of September 30, 2016 and December 31, 2015.

		Carrying				Fair Value Measurements Using												Estimated
		Value				(Level 1)				(Level 2)				(Level 3)				Fair Value
As of September 30, 2016
Financial Assets:
Limited partnership investments		$	28,226			$	—			$	—			$	28,226			$	28,226
Financial Liabilities:
Long-term debt:
8% Senior notes		$	39,392			$	—			$	41,989			$	—			$	41,989
3.875% Convertible senior notes			81,170				—				—				84,561				84,561
4% Promissory note			8,771				—				—				8,854				8,854
3.75% Promissory note			8,839				—				—				8,671				8,671
Total long-term debt		$	138,172			$	—			$	41,989			$	102,086			$	144,075

		Carrying				Fair Value Measurements Using												Estimated
		Value				(Level 1)				(Level 2)				(Level 3)				Fair Value
As of December 31, 2015
Financial Assets:
Limited partnership investments		$	23,930			$	—			$	—			$	23,930			$	23,930
ADC Arrangement classified as real estate investment		$	10,200			$	—			$	—			$	10,140			$	10,140
Financial Liabilities:
Long-term debt:
8% Senior notes		$	39,231			$	—			$	41,103			$	—			$	41,103
3.875% Convertible senior notes			90,198				—				—				92,782				92,782
Total long-term debt		$	129,429			$	—			$	41,103			$	92,782			$	133,885

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- Definition

Tabular disclosure of assets, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, by class that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3).

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19207-110258

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19190-110258

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19207-110258

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- Definition

Tabular disclosure of the fair value of financial instruments, including financial assets and financial liabilities, and the measurements of those instruments, assets, and liabilities.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 12
-URI http://asc.fasb.org/extlink&oid=73719730&loc=d3e13476-108611

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19207-110258

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 11
-URI http://asc.fasb.org/extlink&oid=73719730&loc=d3e13467-108611

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 45
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=6447952&loc=d3e13220-108610

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 30
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=6957238&loc=d3e14172-108612

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 10
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=73719730&loc=d3e13433-108611

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