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Accounting Pronouncements | 9 Months Ended
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Sep. 30, 2012
New Accounting Pronouncement or Change in Accounting Principle, Current Period Disclosures [Abstract] |
New Accounting Pronouncements and Changes in Accounting Principles [Text Block] | Accounting Pronouncements Accounting Standards Recently Adopted Effective January 1, 2012, the Company retrospectively adopted the Financial Accounting Standards Board’s ("FASB") guidance modifying the definition of the types of costs incurred by insurance entities that can be capitalized in the acquisition of new and renewal contracts. The guidance specified that the costs must be based on successful efforts. The guidance also specifies that advertising costs should be included as deferred acquisition costs only when the direct-response advertising accounting criteria are met. The retrospective effect of the change in our deferred acquisition costs decreased the December 31, 2011 DAC asset by $11.8 million, deferred taxes by $4.1 million and stockholders’ equity balance by $7.6 million. The following table provides the balance sheet and income statement accounts that were impacted by the change in accounting principle.
| As Previously Reported |  | Impact of Change in Accounting Principle |  | As Adjusted
| (In thousands, except per share data)
Balance Sheet Accounts: |  |  |  |  |
As of December 31, 2011: |  |  |  |  |
Deferred acquisition costs | $ | 136,300 |  |  | (11,758 | ) |  | 124,542 |
Deferred federal income taxes | 18,055 |  |  | (4,115 | ) |  | 13,940 |
Accumulated deficit | (14,208 | ) |  | (7,643 | ) |  | (21,851 | )
Statement of Operations: |  |  |  |  |  |  |  |
Three months ended September 30, 2011: |  |  |  |  |  |  |  |
Capitalization of deferred policy acquisition costs | $ | (7,121 | ) |  | 590 |  |  | (6,531 | )
Amortization of deferred policy acquisition costs | 4,500 |  |  | (329 | ) |  | 4,171 |
Federal income tax expense | 820 |  |  | (91 | ) |  | 729 |
Net income | 2,223 |  |  | (170 | ) |  | 2,053 |
Per share of Class A common stock: |  |  |  |  |  |  |  |
Basic earnings per share | 0.05 |  |  | (0.01 | ) |  | 0.04 |
Diluted earnings per share | 0.05 |  |  | (0.01 | ) |  | 0.04 |
Nine months ended September 30, 2011: |  |  |  |  |  |  |  |
Capitalization of deferred policy acquisition costs | $ | (22,170 | ) |  | 1,634 |  |  | (20,536 | )
Amortization of deferred policy acquisition costs | 13,249 |  |  | (769 | ) |  | 12,480 |
Federal income tax expense | 3,270 |  |  | (303 | ) |  | 2,967 |
Net income | 7,246 |  |  | (562 | ) |  | 6,684 |
Per share of Class A common stock: |  |  |  |  |  |  |  |
Basic earnings per share | 0.15 |  |  | (0.02 | ) |  | 0.13 |
Diluted earnings per share | 0.15 |  |  | (0.02 | ) |  | 0.13 |
In June 2011, the FASB amended its guidance on the presentation of comprehensive income in financial statements to improve the comparability, consistency and transparency of financial reporting and to increase the prominence of items that are recorded in other comprehensive income. The new accounting guidance requires entities to report components of comprehensive income in either (1) a continuous statement of comprehensive income or (2) two separate but consecutive statements. The provisions of this new guidance are effective for fiscal years, and interim periods within those years, beginning after December 15, 2011. The adoption of this guidance did not have any impact on our financial statements other than providing a continuous statement of comprehensive income. Accounting Standards Update ("ASU") 2011-04, “Fair Value Measurement ("Topic 820") – Amendments to Achieve Common Fair Value Measurements and Disclosure Requirements in U.S. GAAP and IFRSs.” ASU 2011-04 amends Topic 820, “Fair Value Measurements and Disclosures,” to converge the fair value measurement guidance in U.S. GAAP and International Financial Reporting Standards (“IFRS”). ASU 2011-04 clarifies the application of existing fair value measurement requirements, changes certain principles in Topic 820 and requires additional fair value disclosures. ASU 2011-04 is effective for annual periods beginning after December 15, 2011, and did not have any impact on the Company’s financial statements.

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- Definition The entire disclosure of changes in accounting principles, including adoption of new accounting pronouncements, that describes the new methods, amount and effects on financial statement line items. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.10-01.(b)(6)) -URI http://asc.fasb.org/extlink&oid=6958853&loc=d3e46468-122699 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 45 -Paragraph 13 -URI http://asc.fasb.org/extlink&oid=6372559&loc=d3e765-108305 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6801783&loc=d3e22580-107794 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 01 -Paragraph b -Subparagraph 6 -Article 10 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Glossary Accounting Change -URI http://asc.fasb.org/extlink&oid=6503790 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Glossary Retrospective Application -URI http://asc.fasb.org/extlink&oid=6523989 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6801783&loc=d3e22499-107794 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6801783&loc=d3e22583-107794 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 45 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=6372559&loc=d3e725-108305 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Glossary Indirect Effects of a Change in Accounting Principle -URI http://asc.fasb.org/extlink&oid=6515603 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Glossary Direct Effects of a Change in Accounting Principle -URI http://asc.fasb.org/extlink&oid=6510796 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Glossary Change in Accounting Principle -URI http://asc.fasb.org/extlink&oid=6507316 + Details
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