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Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Revenues:        
Service fee and commission revenue $ 24,790 $ 22,396 $ 77,376 $ 68,442
Total revenues 24,790 22,396 77,376 68,442
Operating expenses:        
Claims authorized on vehicle service agreements 5,880 5,243 17,509 15,771
Commissions 2,573 2,277 7,660 5,537
Cost of services sold 6,226 4,043 21,121 12,758
General and administrative expenses 10,319 9,721 30,013 32,494
Disposal of subsidiary transaction expenses 0 5,408 0 5,408
Total operating expenses 24,998 26,692 76,303 71,968
Operating (loss) income (208) (4,296) 1,073 (3,526)
Other revenues (expenses), net:        
Net investment income 351 463 1,419 1,547
Net realized gains 206 797 539 1,035
Net gain (loss) on equity investments 592 (5) 3,374 (53)
Gain on change in fair value of limited liability investments, at fair value 320 195 194 368
Net change in unrealized gain on private company investments 63 0 63 0
Gain on change in fair value of real estate investments 0 1,488 0 1,488
Impairment losses (71) 0 (166) 0
Gain (loss) on change in fair value of derivative asset option contracts 0 13,498 (1,366) 13,498
Non-operating other revenue (expense) 156 238 (1,554) (420)
Interest expense (1,061) (2,139) (5,119) (5,207)
Amortization of intangible assets (1,424) (1,358) (4,252) (4,242)
Loss on change in fair value of debt (165) (1,794) (195) (4,992)
Gain on disposal of subsidiary 342 37,917 342 37,917
Gain on extinguishment of debt 0 0 31,616 0
Total other (expenses) revenue, net (691) 49,300 24,895 40,939
(Loss) income from continuing operations before income tax (benefit) expense (899) 45,004 25,968 37,413
Income tax (benefit) expense (102) 6,061 810 5,620
(Loss) income from continuing operations (797) 38,943 25,158 31,793
Income from discontinued operations, net of taxes 122 830 339 3,111
Loss on disposal of discontinued operations, net of taxes 0 (2,500) 0 (2,500)
Net (loss) income (675) 37,273 25,497 32,404
Less: Net income (loss) from continuing operations attributable to noncontrolling interests in consolidated subsidiaries 351 (1,191) 121 (1,084)
Less: Net income from discontinued operations attributable to noncontrolling interests in consolidated subsidiaries 0 124 0 469
Less: Dividends on preferred stock 0 77 74 234
Net (loss) income attributable to common shareholders (1,026) 38,263 25,302 32,785
Net (loss) income from continuing operations attributable to common shareholders (1,148) 40,057 24,963 32,643
Net income (loss) from discontinued operations attributable to common shareholders $ 122 $ (1,794) $ 339 $ 142
Basic (loss) earnings per share attributable to common shareholders:        
Continuing operations (in dollars per share) $ (0.04) $ 1.75 $ 0.99 $ 1.42
Discontinued operations (in dollars per share) 0 (0.08) 0.01 0.01
Basic (loss) earnings per share - net (loss) income attributable to common shareholders (in dollars per share) (0.04) 1.67 1 1.43
Diluted (loss) earnings per share attributable to common shareholders:        
Continuing operations (in dollars per share) (0.04) 1.56 0.96 1.31
Discontinued operations (in dollars per share) 0 (0.07) 0.01 0.01
Diluted (loss) earnings per share - net (loss) income attributable to common shareholders (in dollars per share) $ (0.04) $ 1.49 $ 0.97 $ 1.32
Basic: (in shares) 26,239 22,960 25,206 22,909
Diluted: (in shares) 26,239 25,716 25,941 25,055