v2.4.0.6
CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (USD $)
In Thousands, unless otherwise specified
Total
Common Stock
Additional Paid-in Capital
Treasury Stock
Accumulated Other Comprehensive Income (Loss)
Retained Earnings
Non-controlling interest
Beginning Balance at Dec. 31, 2008 $ 392,548 $ 842 $ 539,421 $ (294,803) $ (105,815) $ 252,903  
Comprehensive income, net of tax:              
Net income 103,223         103,223  
Foreign currency translation 4,863       4,863    
Unrealized holding gain (loss) on investments 63,370       63,370    
Reclassification adjustment for securities sold during the year 20,562       20,562    
Total comprehensive income 192,018            
Stock option compensation 4,241   4,241        
Stock repurchase (6,086)     (6,086)      
Exercise of stock options 315   315        
Common stock dividend (13,644)         (13,644)  
Ending Balance at Dec. 31, 2009 569,392 842 543,977 (300,889) (17,020) 342,482  
Comprehensive income, net of tax:              
Net income 148,392         148,392  
Foreign currency translation (4,820)       (4,820)    
Unrealized holding gain (loss) on investments 8,414       8,414    
Reclassification adjustment for securities sold during the year 13,160       13,160    
Total comprehensive income 165,146            
Non-controlling interest in subsidiaries (5,927)         (5,927)  
Comprehensive income attributable to AmTrust 159,219            
Capital contribution to subsidiaries             17,925
Income attributable to non-controlling interests (5,927)           5,927
Issuance of restricted stock     (400) 400      
Stock option compensation 3,386   3,386        
Exercise of stock options 1,770 2 1,768        
Common stock dividend (17,253)         (17,253)  
Ending Balance at Dec. 31, 2010 716,514 844 548,731 (300,489) (266) 467,694 23,852
Comprehensive income, net of tax:              
Net income 194,153         194,153  
Foreign currency translation (4,815)       (4,815)    
Change in fair value of derivative (2,280)       (2,280)    
Unrealized holding gain (loss) on investments 4,518       4,518    
Reclassification adjustment for securities sold during the year (7,156)       (7,156)    
Total comprehensive income 184,420            
Non-controlling interest in subsidiaries (23,719)         (23,719)  
Comprehensive income attributable to AmTrust 160,701            
Capital contribution to subsidiaries             25,334
Equity component of convertible senior notes, net of income tax and issue costs 22,723   22,723        
Income attributable to non-controlling interests (23,719)           23,719
Issuance of restricted stock     (124) 124      
Stock option compensation 5,571   5,571        
Exercise of stock options 5,425 5 5,420        
Common stock dividend (20,371)         (20,371)  
Ending Balance at Dec. 31, 2011 $ 890,563 $ 849 $ 582,321 $ (300,365) $ (9,999) $ 617,757 $ 72,905