XML 23 R13.htm IDEA: XBRL DOCUMENT v3.10.0.1

Segment Information

9 Months Ended

Sep. 30, 2018

Segment Reporting [Abstract]

Segment Information

Segment Information

The Company has one reportable segment, title insurance services. The remaining immaterial segments have been combined into a group called “All Other.”

The title insurance segment primarily issues title insurance policies through approved attorneys from underwriting offices and through independent issuing agents. Title insurance policies insure titles to real estate.

Provided below is selected financial information about the Company's operations by segment for the periods ended September 30, 2018 and 2017:

Three Months Ended September 30, 2018 (in thousands)	Title Insurance				All Other				Intersegment Eliminations				Total
Insurance and other services revenues	$	42,891			$	2,120			$	(1,825	)		$	43,186
Investment income	4,247				640				—				4,887
Net realized gain on investments	141				47				—				188
Total revenues	$	47,279			$	2,807			$	(1,825	)		$	48,261
Operating expenses	35,359				2,033				(1,691		)		35,701
Income before income taxes	$	11,920			$	774			$	(134	)		$	12,560
Total assets	$	212,181			$	54,395			$	—			$	266,576

Three Months Ended September 30, 2017 (in thousands)	Title Insurance				All Other				Intersegment Eliminations				Total
Insurance and other services revenues	$	40,658			$	1,928			$	(1,952	)		$	40,634
Investment income	1,503				194				—				1,697
Net realized gain on investments	749				55				—				804
Total revenues	$	42,910			$	2,177			$	(1,952	)		$	43,135
Operating expenses	34,125				1,911				(1,818		)		34,218
Income before income taxes	$	8,785			$	266			$	(134	)		$	8,917
Total assets	$	201,138			$	52,060			$	—			$	253,198

Nine Months Ended September 30, 2018 (in thousands)	Title Insurance				All Other				Intersegment Eliminations				Total
Insurance and other services revenues	$	113,992			$	6,006			$	(4,940	)		$	115,058
Investment income	6,986				1,300				—				8,286
Net realized gain on investments	548				81				—				629
Total revenues	$	121,526			$	7,387			$	(4,940	)		$	123,973
Operating expenses	95,575				6,337				(4,538		)		97,374
Income before income taxes	$	25,951			$	1,050			$	(402	)		$	26,599
Total assets	$	212,181			$	54,395			$	—			$	266,576

Nine Months Ended September 30, 2017 (in thousands)	Title Insurance				All Other				Intersegment Eliminations				Total
Insurance and other services revenues	$	114,344			$	5,379			$	(4,563	)		$	115,160
Investment income	4,380				523				—				4,903
Net realized gain on investments	893				97				—				990
Total revenues	$	119,617			$	5,999			$	(4,563	)		$	121,053
Operating expenses	95,802				5,771				(4,234		)		97,339
Income before income taxes	$	23,815			$	228			$	(329	)		$	23,714
Total assets	$	201,138			$	52,060			$	—			$	253,198

X

- References

No definition available.

+ Details

Name:	us-gaap_SegmentReportingAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-URI http://asc.fasb.org/topic&trid=2134510

+ Details

Name:	us-gaap_SegmentReportingDisclosureTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration