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Earnings Per Share (Tables)
9 Months Ended
Sep. 30, 2016
Earnings Per Share [Abstract]  
Schedule of reconciliation of basic and diluted net income per common share
The following table presents a reconciliation of basic and diluted net income per common share for the following periods:
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
2016
 
2015
 
2016
 
2015
Net income (loss) from continuing operations
$
7,838

 
$
(6,388
)
 
$
22,273

 
$
(11,961
)
Less:
 
 
 
 
 
 
 
Net income (loss) from continuing operations attributable to non-controlling interests (1)
1,933

 
(1,835
)
 
4,680

 
(3,706
)
Net income from continuing operations allocated to participating securities
60

 

 
148

 

Net income (loss) from continuing operations available to Tiptree Financial Inc. Class A common shares
5,845

 
(4,553
)
 
17,445

 
(8,255
)
 
 
 
 
 
 
 
 
Discontinued operations, net

 

 

 
23,348

Less:
 
 
 
 
 
 
 
Net income from discontinued operations attributable to non-controlling interests (1)

 

 

 
5,663

Net income from discontinued operations attributable to Tiptree Financial Inc. Class A common shares

 

 

 
17,685

 
 
 
 
 
 
 
 
Net income (loss) attributable to Tiptree Financial Inc. Class A common shares - basic
$
5,845

 
$
(4,553
)
 
$
17,445

 
$
9,430

Effect of Dilutive Securities:
 
 
 
 
 
 
 
Securities of subsidiaries
(50
)
 

 
(148
)
 

Adjustments to income relating to exchangeable interests, net of tax
1,362

 

 

 

Net income (loss) attributable to Tiptree Financial Inc. Class A common shares - diluted
$
7,157

 
$
(4,553
)
 
$
17,297

 
$
9,430

 
 
 
 
 
 
 
 
Weighted average number of shares of Tiptree Financial Inc. Class A common stock outstanding - basic
29,143,470

 
33,848,463

 
32,845,124

 
32,597,774

Weighted average number of incremental shares of Tiptree Financial Inc. Class A common stock issuable from exchangeable interests
8,087,180

 

 
67,392

 

Weighted average number of shares of Tiptree Financial Inc. Class A common stock outstanding - diluted
37,230,650

 
33,848,463

 
32,912,516

 
32,597,774

 
 
 
 
 
 
 
 
Basic:
 
 
 
 
 
 
 
Income (loss) from continuing operations
$
0.20

 
$
(0.13
)
 
$
0.53

 
$
(0.25
)
Income from discontinued operations

 

 

 
0.54

Net income (loss) available to Tiptree Financial Inc. Class A common shares
$
0.20

 
$
(0.13
)
 
$
0.53

 
$
0.29

 
 
 
 
 
 
 
 
Diluted:
 
 
 
 
 
 
 
Income (loss) from continuing operations
$
0.19

 
$
(0.13
)
 
$
0.53

 
$
(0.25
)
Income from discontinued operations

 

 

 
0.54

Net income (loss) attributable to Tiptree Financial Inc. Class A common shares
$
0.19

 
$
(0.13
)
 
$
0.53

 
$
0.29

(1)
For the three months ended September 30, 2016, the total net income (loss) attributable to non-controlling interest was $1,933, comprised of $1,933 due to continuing operations and $0 attributable to discontinued operations. For the three months ended September 30, 2015, the total net income(loss) attributable to non-controlling interest was $(1,835), comprised of $(1,835) due to continuing operations and $0 attributable to discontinued operations.
For the nine months ended September 30, 2016, the total net income (loss) attributable to non-controlling interest was $4,680, comprised of $4,680 due to continuing operations and $0 attributable to discontinued operations. For the nine months ended September 30, 2015, the total net income (loss) attributable to non-controlling interest was $1,957, comprised of $(3,706) due to continuing operations and $5,663 attributable to discontinued operations.