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Earnings Per Share | 9 Months Ended
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Sep. 30, 2013
Earnings Per Share [Abstract] |
Earnings Per Share | Earnings Per Share The Company calculates basic net income per common share based on the Company’s common stock outstanding as well as its unvested restricted share units. The unvested restricted share units are included because they are eligible to receive dividends. Diluted net income for the period takes into account the effect of dilutive instruments, such as any options on common shares, but uses the average share price for the period in determining the number of incremental shares that are to be added to the weighted average number of common shares outstanding. Diluted net income also includes the minimal dilutive impact of the 3,609,420 Operating Subsidiary warrants held by TFP as part of the Contribution Transactions as summarized in Note 1. Earnings per share data excludes Tiptree's Class B common stock, as the Class B common stock evidences a voting right without any economic interest. The following table presents a reconciliation of basic and diluted net income per common share for the three and nine month periods ended September 30, 2013 and 2012:
| Three Months Ended |  | Nine Months Ended
| September 30, 2013 |  | September 30, 2012 |  | September 30, 2013 |  | September 30, 2012
| (in thousands, except shares and per share data)
Basic: |  |  |  |  |  |  |
Net income | $ | 1,830 |  |  | $ | 3,089 |  |  | $ | 6,563 |  |  | $ | 6,508 |
Weighted average number of Class A common shares outstanding (basic) | 10,246,176 |  |  | 10,217,648 |  |  | 10,243,893 |  |  | 10,206,020 |
Basic earnings per share | $ | 0.18 |  |  | $ | 0.30 |  |  | $ | 0.64 |  |  | $ | 0.63 |
Diluted: |  |  |  |  |  |  |
Net income | $ | 1,806 |  |  | $ | 3,089 |  |  | $ | 6,543 |  |  | $ | 6,508 |
Weighted average number of common Class A shares outstanding | 10,246,176 |  |  | 10,217,648 |  |  | 10,243,893 |  |  | 10,206,020 |
Effect of common stock equivalents: |  |  |  |  |  |  |
Restricted stock units | 25,361 |  |  | 19,864 |  |  | 22,271 |  |  | 19,734 |
Weighted average Class A common shares outstanding (diluted) | 10,271,537 |  |  | 10,237,512 |  |  | 10,266,164 |  |  | 10,225,754 |
Diluted earnings per share | $ | 0.18 |  |  | $ | 0.30 |  |  | $ | 0.64 |  |  | $ | 0.63 |
As of the three and nine month periods ending September 30, 2013 and 2012 there were no weighted average shares that were anti-dilutive.

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 45 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=7655603&loc=d3e1278-109256 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=7655603&loc=d3e1252-109256 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 55 -Paragraph 52 -URI http://asc.fasb.org/extlink&oid=32703322&loc=d3e4984-109258 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.21) -URI http://asc.fasb.org/extlink&oid=26872669&loc=d3e20235-122688 + Details
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