2014 Form 10-K Financial Statement

#000107262715000023 Filed on March 13, 2015

View on sec.gov

Income Statement

Concept 2014 2013 Q4 2013 Q2
Revenue $158.2M $40.20M $41.57M
YoY Change -8.16% -2.9% 4.62%
Cost Of Revenue $3.880M $146.0K
YoY Change 110.53%
Gross Profit $154.3M $41.43M
YoY Change -9.44%
Gross Profit Margin 97.55% 99.65%
Selling, General & Admin $41.60M $21.20M $20.00M
YoY Change -47.87% 0.47% 16.28%
% of Gross Profit 26.95% 48.28%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $1.787M $1.000M $7.483M
YoY Change -53.44% -50.0% -318.93%
% of Gross Profit 1.16% 18.06%
Operating Expenses $155.5M $46.90M $54.10M
YoY Change -24.8% -0.85% 14.06%
Operating Profit $1.496M -$4.001M
YoY Change -111.09% 40.53%
Interest Expense $5.645M -$1.700M $1.927M
YoY Change -22.28% 88.89% 0.57%
% of Operating Profit 377.34%
Other Income/Expense, Net -$4.887M -$3.543M
YoY Change -60.35% 341.22%
Pretax Income -$15.89M -$10.30M -$10.19M
YoY Change -63.38% 13.19% 34.11%
Income Tax -$1.221M $300.0K -$525.0K
% Of Pretax Income
Net Earnings -$12.82M -$11.00M -$10.29M
YoY Change -65.22% -19.71% 70.95%
Net Earnings / Revenue -8.1% -27.36% -24.74%
Basic Earnings Per Share -$0.75 -$0.78
Diluted Earnings Per Share -$0.75 -$666.7K -$0.78
COMMON SHARES
Basic Shares Outstanding 17.40M shares 16.43M shares 13.15M shares
Diluted Shares Outstanding 17.40M shares 13.15M shares

Balance Sheet

Concept 2014 2013 Q4 2013 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $71.20M $97.51M $86.04M
Short-Term Investments
Other Short-Term Assets $11.80M
YoY Change 268.75%
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $6.100M $23.10M $36.00M
YoY Change -73.59% 16.08% 3.15%
LONG-TERM ASSETS
Property, Plant & Equipment $6.000M $1.662M $2.159M
YoY Change 252.94% -38.65% -82.7%
Goodwill $10.59M $1.104M
YoY Change 25.73% 116.47%
Intangibles $48.92M $50.57M
YoY Change -3.29% 29.26%
Long-Term Investments $89.30M $0.00 $0.00
YoY Change 27.94% -100.0% -100.0%
Other Assets $54.60M $6.300M $7.300M
YoY Change 766.67% -27.59%
Total Long-Term Assets $295.6M $301.5M -$34.38M
YoY Change -1.96% -14.55% -110.91%
TOTAL ASSETS
Total Short-Term Assets $6.100M $23.10M $36.00M
Total Long-Term Assets $295.6M $301.5M -$34.38M
Total Assets $301.7M $324.6M $1.624M
YoY Change -7.05% -12.92% -99.54%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses $35.80M $36.80M $34.50M
YoY Change -2.72% 6.05% 21.48%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $35.80M $39.80M $37.30M
YoY Change -10.05% 5.85% 31.34%
LONG-TERM LIABILITIES
Long-Term Debt $54.30M $57.70M $67.20M
YoY Change -5.89% -5.72% 7.18%
Other Long-Term Liabilities $56.70M $48.80M $49.20M
YoY Change 16.19% -0.41% 264.44%
Total Long-Term Liabilities $111.0M $106.5M $116.4M
YoY Change 4.23% -3.36% 52.76%
TOTAL LIABILITIES
Total Short-Term Liabilities $35.80M $39.80M $37.30M
Total Long-Term Liabilities $111.0M $106.5M $116.4M
Total Liabilities $257.9M $287.7M $572.0K
YoY Change -10.82% -6.4% -99.77%
SHAREHOLDERS EQUITY
Retained Earnings -$298.9M -$289.8M
YoY Change 14.07% 32.79%
Common Stock $0.00
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $43.80M $35.47M $39.52M
YoY Change
Total Liabilities & Shareholders Equity $301.7M $324.6M $353.1M
YoY Change -7.05% -12.92% 0.91%

Cashflow Statement

Concept 2014 2013 Q4 2013 Q2
OPERATING ACTIVITIES
Net Income -$12.82M -$11.00M -$10.29M
YoY Change -65.22% -19.71% 70.95%
Depreciation, Depletion And Amortization $1.787M $1.000M $7.483M
YoY Change -53.44% -50.0% -318.93%
Cash From Operating Activities -$16.34M -$3.100M -$14.30M
YoY Change -60.92% -48.33% 1.42%
INVESTING ACTIVITIES
Capital Expenditures -$4.656M -$600.0K -$100.0K
YoY Change -513.5% 500.0%
Acquisitions $0.00 $1.100M
YoY Change -100.0%
Other Investing Activities -$16.70M $28.40M -$5.000M
YoY Change -127.29% 9.23% -219.05%
Cash From Investing Activities -$16.71M $27.60M -$5.200M
YoY Change -127.84% 6.15% -213.04%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $0.00
YoY Change -100.0%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $6.777M -11.90M 0.000
YoY Change -1650.8%
NET CHANGE
Cash From Operating Activities -$16.34M -3.100M -14.30M
Cash From Investing Activities -$16.71M 27.60M -5.200M
Cash From Financing Activities $6.777M -11.90M 0.000
Net Change In Cash -$26.27M 12.60M -19.50M
YoY Change -247.79% -37.0% 105.26%
FREE CASH FLOW
Cash From Operating Activities -$16.34M -$3.100M -$14.30M
Capital Expenditures -$4.656M -$600.0K -$100.0K
Free Cash Flow -$11.68M -$2.500M -$14.20M
YoY Change -72.79% -57.63%

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CY2014 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
1389000 USD
CY2013Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
36786000 USD
CY2014Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
31887000 USD
CY2013 us-gaap Deferred Policy Acquisition Cost Amortization Expense
DeferredPolicyAcquisitionCostAmortizationExpense
28080000 USD
CY2014 us-gaap Deferred Policy Acquisition Cost Amortization Expense
DeferredPolicyAcquisitionCostAmortizationExpense
22594000 USD
CY2012Q4 us-gaap Deferred Policy Acquisition Costs
DeferredPolicyAcquisitionCosts
14102000 USD
CY2013Q4 us-gaap Deferred Policy Acquisition Costs
DeferredPolicyAcquisitionCosts
12392000 USD
CY2014Q4 us-gaap Deferred Policy Acquisition Costs
DeferredPolicyAcquisitionCosts
12197000 USD
CY2013 us-gaap Deferred Policy Acquisition Costs Additions
DeferredPolicyAcquisitionCostsAdditions
29541000 USD
CY2014 us-gaap Deferred Policy Acquisition Costs Additions
DeferredPolicyAcquisitionCostsAdditions
26627000 USD
CY2013Q4 us-gaap Deferred Revenue
DeferredRevenue
48788000 USD
CY2014Q4 us-gaap Deferred Revenue
DeferredRevenue
49454000 USD
CY2013Q4 us-gaap Deferred Tax Assets Deferred Income
DeferredTaxAssetsDeferredIncome
2274000 USD
CY2014Q4 us-gaap Deferred Tax Assets Deferred Income
DeferredTaxAssetsDeferredIncome
1914000 USD
CY2013Q4 us-gaap Deferred Tax Assets Goodwill And Intangible Assets
DeferredTaxAssetsGoodwillAndIntangibleAssets
1767000 USD
CY2014Q4 us-gaap Deferred Tax Assets Goodwill And Intangible Assets
DeferredTaxAssetsGoodwillAndIntangibleAssets
1820000 USD
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32613000 USD
CY2014Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
26501000 USD
CY2013Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
298358000 USD
CY2014Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
302759000 USD
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2316000 USD
CY2014Q4 us-gaap Deferred Tax Assets Other
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1101000 USD
CY2013Q4 us-gaap Deferred Tax Assets Property Plant And Equipment
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1194000 USD
CY2014Q4 us-gaap Deferred Tax Assets Property Plant And Equipment
DeferredTaxAssetsPropertyPlantAndEquipment
98000 USD
CY2013Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Unearned Premiums Reserve
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6507000 USD
CY2014Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Unearned Premiums Reserve
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsUnearnedPremiumsReserve
5693000 USD
CY2013Q4 us-gaap Deferred Tax Assets Unrealized Currency Losses
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3421000 USD
CY2014Q4 us-gaap Deferred Tax Assets Unrealized Currency Losses
DeferredTaxAssetsUnrealizedCurrencyLosses
1449000 USD
CY2013Q4 us-gaap Deferred Tax Assets Valuation Allowance
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284276000 USD
CY2014Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
289337000 USD
CY2013Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
4173000 USD
CY2014Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
5386000 USD
CY2013Q4 us-gaap Deferred Tax Liabilities Deferred Expense
DeferredTaxLiabilitiesDeferredExpense
4213000 USD
CY2014Q4 us-gaap Deferred Tax Liabilities Deferred Expense
DeferredTaxLiabilitiesDeferredExpense
4147000 USD
CY2013Q4 us-gaap Deferred Tax Liabilities Financing Arrangements
DeferredTaxLiabilitiesFinancingArrangements
21090000 USD
CY2014Q4 us-gaap Deferred Tax Liabilities Financing Arrangements
DeferredTaxLiabilitiesFinancingArrangements
16946000 USD
CY2013Q4 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets Intangible Assets
DeferredTaxLiabilitiesGoodwillAndIntangibleAssetsIntangibleAssets
4173000 USD
CY2014Q4 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets Intangible Assets
DeferredTaxLiabilitiesGoodwillAndIntangibleAssetsIntangibleAssets
5304000 USD
CY2013Q4 us-gaap Deferred Tax Liabilities Investments
DeferredTaxLiabilitiesInvestments
7305000 USD
CY2014Q4 us-gaap Deferred Tax Liabilities Investments
DeferredTaxLiabilitiesInvestments
5436000 USD
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DeferredTaxLiabilitiesOther
5000 USD
CY2014Q4 us-gaap Deferred Tax Liabilities Other
DeferredTaxLiabilitiesOther
54000 USD
CY2014 us-gaap Defined Benefit Plan Contributions By Employer
DefinedBenefitPlanContributionsByEmployer
0.05 USD
CY2013 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
600000 USD
CY2014 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
600000 USD
CY2014 us-gaap Defined Contribution Plan Employer Matching Contribution Percent Of Match
DefinedContributionPlanEmployerMatchingContributionPercentOfMatch
0.50
CY2014 us-gaap Defined Contribution Plan Employers Matching Contribution Annual Vesting Percentage
DefinedContributionPlanEmployersMatchingContributionAnnualVestingPercentage
1.00
CY2014 us-gaap Defined Contribution Plan Maximum Annual Contributions Per Employee Amount
DefinedContributionPlanMaximumAnnualContributionsPerEmployeeAmount
17500 USD
CY2014 us-gaap Defined Contribution Plan Maximum Annual Contributions Per Employee Percent
DefinedContributionPlanMaximumAnnualContributionsPerEmployeePercent
0.60
CY2013 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
3838000 USD
CY2014 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
1787000 USD
CY2013 us-gaap Direct Premiums Written
DirectPremiumsWritten
125077000 USD
CY2014 us-gaap Direct Premiums Written
DirectPremiumsWritten
99540000 USD
CY2014Q4 us-gaap Equity Method Investments
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2115000 USD
CY2014 us-gaap Discontinued Operation Gain Loss From Disposal Of Discontinued Operation Before Income Tax
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-1244000 USD
CY2013 us-gaap Discontinued Operation Gain Loss On Disposal Of Discontinued Operation Net Of Tax
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7227000 USD
CY2014 us-gaap Discontinued Operation Gain Loss On Disposal Of Discontinued Operation Net Of Tax
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0 USD
CY2013 us-gaap Discontinued Operation Income Loss From Discontinued Operation Before Income Tax
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7227000 USD
us-gaap Discontinued Operation Tax Expense Benefit From Provision For Gain Loss On Disposal
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0 USD
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-7227000 USD
CY2014 us-gaap Disposal Group Including Discontinued Operation Foreign Currency Translation Gains Losses
DisposalGroupIncludingDiscontinuedOperationForeignCurrencyTranslationGainsLosses
0 USD
CY2013 us-gaap Disposal Group Not Discontinued Operation Gain Loss On Disposal
DisposalGroupNotDiscontinuedOperationGainLossOnDisposal
0 USD
CY2014 us-gaap Disposal Group Not Discontinued Operation Gain Loss On Disposal
DisposalGroupNotDiscontinuedOperationGainLossOnDisposal
-1244000 USD
us-gaap Dividends Preferred Stock
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0 USD
CY2013 us-gaap Dividends Preferred Stock
DividendsPreferredStock
0 USD
CY2014 us-gaap Dividends Preferred Stock
DividendsPreferredStock
300000 USD
CY2013Q1 us-gaap Early Repayment Of Senior Debt
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600000 USD
CY2013Q4 us-gaap Early Repayment Of Senior Debt
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12000000 USD
CY2013 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-2.61
CY2014 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.75
CY2013 us-gaap Earnings Per Share Diluted
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-2.61
CY2014 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.75
CY2014 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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0
CY2014Q1 us-gaap Equity Method Investment Ownership Percentage
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0.287
CY2013Q4 us-gaap Equity Method Investments
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0 USD
us-gaap Fair Value Assumptions Expected Term Simplified Method
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0.78 - 4
CY2014Q4 us-gaap Fair Value Investments Entities That Calculate Net Asset Value Per Share Unfunded Committments
FairValueInvestmentsEntitiesThatCalculateNetAssetValuePerShareUnfundedCommittments
400000 USD
CY2013 us-gaap Fair Value Option Changes In Fair Value Gain Loss1
FairValueOptionChangesInFairValueGainLoss1
-9060000 USD
CY2014 us-gaap Fair Value Option Changes In Fair Value Gain Loss1
FairValueOptionChangesInFairValueGainLoss1
-10953000 USD
CY2013 us-gaap Fees And Commissions Other
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6350000 USD
CY2014 us-gaap Fees And Commissions Other
FeesAndCommissionsOther
5000 USD
CY2013Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
18583000 USD
CY2014Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
20203000 USD
CY2013Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
67501000 USD
CY2014Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
67501000 USD
CY2013Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
520000 USD
CY2013Q4 us-gaap Furniture And Fixtures Gross
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4051000 USD
CY2014Q4 us-gaap Furniture And Fixtures Gross
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3378000 USD
CY2013 us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
0 USD
CY2014 us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
-125000 USD
CY2014 us-gaap Gain Loss On Sale Of Project
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6700000 USD
CY2013 us-gaap Gain Loss On Sales Of Assets And Asset Impairment Charges
GainLossOnSalesOfAssetsAndAssetImpairmentCharges
0 USD
CY2014 us-gaap Gain Loss On Sales Of Assets And Asset Impairment Charges
GainLossOnSalesOfAssetsAndAssetImpairmentCharges
-125000 USD
CY2013 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-24000 USD
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0 USD
CY2014 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0 USD
CY2013 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
79812000 USD
CY2014 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
67233000 USD
CY2013Q4 us-gaap Goodwill
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10588000 USD
CY2014Q4 us-gaap Goodwill
Goodwill
10588000 USD
CY2013Q2 us-gaap Goodwill
Goodwill
1104000 USD
CY2014Q4 us-gaap Guarantee Obligations Maximum Exposure
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50000 USD
CY2013 us-gaap Impairment Of Investments
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1800000 USD
CY2014 us-gaap Impairment Of Investments
ImpairmentOfInvestments
0 USD
CY2013 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-43378000 USD
CY2014 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-11281000 USD
CY2013 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-34549000 USD
CY2014 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
1231000 USD
CY2013 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
-43311000 USD
CY2014 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
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-11224000 USD
CY2013 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
-3.12
CY2014 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
-0.75
CY2013 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
-3.12
us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
-0.75
CY2014 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
-0.75
CY2013 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
255000 USD
CY2014 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-190000 USD
CY2013 us-gaap Income Loss From Equity Method Investments Net Of Dividends Or Distributions
IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions
118000 USD
CY2014 us-gaap Income Loss From Equity Method Investments Net Of Dividends Or Distributions
IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions
184000 USD
CY2013 us-gaap Income Tax Examination Interest Expense
IncomeTaxExaminationInterestExpense
200000 USD
CY2014 us-gaap Income Tax Examination Interest Expense
IncomeTaxExaminationInterestExpense
1300000 USD
CY2013 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-67000 USD
CY2014 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-57000 USD
CY2013Q4 us-gaap Income Tax Receivable
IncomeTaxReceivable
0 USD
CY2014Q4 us-gaap Income Tax Receivable
IncomeTaxReceivable
223000 USD
CY2013 us-gaap Income Tax Reconciliation Deductions Dividends
IncomeTaxReconciliationDeductionsDividends
-2182000 USD
CY2014 us-gaap Income Tax Reconciliation Deductions Dividends
IncomeTaxReconciliationDeductionsDividends
-1669000 USD
CY2013 us-gaap Income Tax Reconciliation Deductions Other
IncomeTaxReconciliationDeductionsOther
1119000 USD
CY2014 us-gaap Income Tax Reconciliation Deductions Other
IncomeTaxReconciliationDeductionsOther
1132000 USD
CY2013 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
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-14748000 USD
CY2014 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
-3836000 USD
CY2013 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
121000 USD
CY2014 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
1234000 USD
CY2013 us-gaap Income Tax Reconciliation Prior Year Income Taxes
IncomeTaxReconciliationPriorYearIncomeTaxes
-708000 USD
CY2014 us-gaap Income Tax Reconciliation Prior Year Income Taxes
IncomeTaxReconciliationPriorYearIncomeTaxes
-341000 USD
CY2013 us-gaap Income Taxes Paid
IncomeTaxesPaid
674000 USD
CY2014 us-gaap Income Taxes Paid
IncomeTaxesPaid
736000 USD
CY2013 us-gaap Increase Decrease In Assets Held For Sale
IncreaseDecreaseInAssetsHeldForSale
-2390000 USD
CY2014 us-gaap Increase Decrease In Assets Held For Sale
IncreaseDecreaseInAssetsHeldForSale
-1180000 USD
CY2013 us-gaap Increase Decrease In Deferred Policy Acquisition Costs
IncreaseDecreaseInDeferredPolicyAcquisitionCosts
-1710000 USD
CY2014 us-gaap Increase Decrease In Deferred Policy Acquisition Costs
IncreaseDecreaseInDeferredPolicyAcquisitionCosts
-195000 USD
CY2013 us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
-199000 USD
CY2014 us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
666000 USD
CY2013 us-gaap Increase Decrease In Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesReceivable
0 USD
CY2014 us-gaap Increase Decrease In Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesReceivable
223000 USD
CY2013Q4 us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
200000 USD
CY2013 us-gaap Increase Decrease In Loss And Loss Adjustment Expense Reserve
IncreaseDecreaseInLossAndLossAdjustmentExpenseReserve
18902000 USD
CY2014 us-gaap Increase Decrease In Loss And Loss Adjustment Expense Reserve
IncreaseDecreaseInLossAndLossAdjustmentExpenseReserve
20792000 USD
CY2013 us-gaap Increase Decrease In Other Operating Capital Net
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-2852000 USD
CY2014 us-gaap Increase Decrease In Other Operating Capital Net
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-3753000 USD
CY2014 us-gaap Insurance Commissions And Fees
InsuranceCommissionsAndFees
54848000 USD
CY2013Q4 us-gaap Intangible Assets Net Excluding Goodwill
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48918000 USD
CY2014Q4 us-gaap Intangible Assets Net Excluding Goodwill
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47298000 USD
CY2013 us-gaap Interest Expense
InterestExpense
7263000 USD
CY2014 us-gaap Interest Expense
InterestExpense
5645000 USD
CY2013 us-gaap Increase Decrease In Other Receivables
IncreaseDecreaseInOtherReceivables
-653000 USD
CY2014 us-gaap Increase Decrease In Other Receivables
IncreaseDecreaseInOtherReceivables
1305000 USD
CY2013 us-gaap Increase Decrease In Prepaid Reinsurance Premiums
IncreaseDecreaseInPrepaidReinsurancePremiums
-500000 USD
CY2014 us-gaap Increase Decrease In Prepaid Reinsurance Premiums
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-6808000 USD
CY2013 us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
276000 USD
CY2014 us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
-2192000 USD
CY2013 us-gaap Increase Decrease In Reinsurance Payables
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-3923000 USD
CY2014 us-gaap Increase Decrease In Reinsurance Payables
IncreaseDecreaseInReinsurancePayables
-508000 USD
CY2013 us-gaap Increase Decrease In Reinsurance Recoverable
IncreaseDecreaseInReinsuranceRecoverable
1778000 USD
CY2014 us-gaap Increase Decrease In Reinsurance Recoverable
IncreaseDecreaseInReinsuranceRecoverable
-6683000 USD
CY2013 us-gaap Increase Decrease In Unearned Premiums
IncreaseDecreaseInUnearnedPremiums
3530000 USD
CY2014 us-gaap Increase Decrease In Unearned Premiums
IncreaseDecreaseInUnearnedPremiums
-12145000 USD
CY2013 us-gaap Incurred Claims Property Casualty And Liability
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87553000 USD
CY2014 us-gaap Incurred Claims Property Casualty And Liability
IncurredClaimsPropertyCasualtyAndLiability
86227000 USD
CY2013 us-gaap Insurance Commissions
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23134000 USD
CY2014 us-gaap Insurance Commissions
InsuranceCommissions
23238000 USD
CY2013 us-gaap Insurance Commissions And Fees
InsuranceCommissionsAndFees
49543000 USD
CY2013 us-gaap Interest Expense Debt
InterestExpenseDebt
7263000 USD
CY2014 us-gaap Interest Expense Debt
InterestExpenseDebt
5645000 USD
CY2013 us-gaap Interest Paid
InterestPaid
5145000 USD
CY2014 us-gaap Interest Paid
InterestPaid
5288000 USD
CY2013Q4 us-gaap Interest Payable Current And Noncurrent
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12800000 USD
CY2014Q4 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
17400000 USD
CY2013 us-gaap Investment Income Dividend
InvestmentIncomeDividend
621000 USD
CY2014 us-gaap Investment Income Dividend
InvestmentIncomeDividend
203000 USD
CY2013 us-gaap Investment Income Interest
InvestmentIncomeInterest
1249000 USD
CY2014 us-gaap Investment Income Interest
InvestmentIncomeInterest
1084000 USD
CY2013 us-gaap Investment Income Interest And Dividend
InvestmentIncomeInterestAndDividend
2399000 USD
CY2014 us-gaap Investment Income Interest And Dividend
InvestmentIncomeInterestAndDividend
1843000 USD
CY2013 us-gaap Investment Income Investment Expense
InvestmentIncomeInvestmentExpense
213000 USD
CY2014 us-gaap Investment Income Investment Expense
InvestmentIncomeInvestmentExpense
227000 USD
CY2013 us-gaap Investment Income Nonoperating
InvestmentIncomeNonoperating
411000 USD
CY2014 us-gaap Investment Income Nonoperating
InvestmentIncomeNonoperating
372000 USD
CY2013Q4 us-gaap Investment Owned At Cost
InvestmentOwnedAtCost
83849000 USD
CY2013Q4 us-gaap Investments
Investments
69195000 USD
CY2014Q4 us-gaap Investments
Investments
87083000 USD
CY2014Q4 us-gaap Investments Fair Value Disclosure
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75813000 USD
CY2014Q1 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
7700000 USD
CY2013Q4 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures Fair Value Disclosure
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4406000 USD
CY2014Q4 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures Fair Value Disclosure
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7294000 USD
CY2014Q4 us-gaap Land
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1984000 USD
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87662000 USD
CY2014Q4 us-gaap Liability For Unpaid Claims And Claims Adjustment Expense Net
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66870000 USD
CY2014Q3 us-gaap Long Duration Contracts Assumptions By Product And Guarantee Volatility Rate
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0.004
CY2013Q4 us-gaap Long Term Debt
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57681000 USD
CY2014Q4 us-gaap Long Term Debt
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54277000 USD
CY2013Q4 us-gaap Long Term Debt Fair Value
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14854000 USD
CY2013Q4 us-gaap Leasehold Improvements Gross
LeaseholdImprovementsGross
482000 USD
CY2014Q4 us-gaap Leasehold Improvements Gross
LeaseholdImprovementsGross
527000 USD
CY2013Q4 us-gaap Liabilities
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287719000 USD
CY2014Q4 us-gaap Liabilities
Liabilities
253526000 USD
CY2013Q2 us-gaap Liabilities
Liabilities
572000 USD
CY2013Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
324639000 USD
CY2014Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
301722000 USD
CY2013Q4 us-gaap Liability For Claims And Claims Adjustment Expense Property Casualty Liability
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84534000 USD
CY2014Q4 us-gaap Liability For Claims And Claims Adjustment Expense Property Casualty Liability
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63895000 USD
CY2013Q4 us-gaap Liability For Future Policy Benefits And Unpaid Claims And Claims Adjustment Expense
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3128000 USD
CY2014Q4 us-gaap Liability For Future Policy Benefits And Unpaid Claims And Claims Adjustment Expense
LiabilityForFuturePolicyBenefitsAndUnpaidClaimsAndClaimsAdjustmentExpense
2975000 USD
CY2014 us-gaap Liability For Future Policy Benefits Description
LiabilityForFuturePolicyBenefitsDescription
13500
CY2012Q4 us-gaap Liability For Unpaid Claims And Claims Adjustment Expense Gross
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseGross
103116000 USD
CY2013Q4 us-gaap Liability For Unpaid Claims And Claims Adjustment Expense Gross
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseGross
84534000 USD
CY2014Q4 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
13618000 USD
CY2013Q4 us-gaap Long Term Debt Percentage Bearing Fixed Interest Rate
LongTermDebtPercentageBearingFixedInterestRate
0
CY2014 us-gaap Long Term Purchase Commitment Amount
LongTermPurchaseCommitmentAmount
6000000 USD
CY2013Q4 us-gaap Machinery And Equipment Gross
MachineryAndEquipmentGross
12947000 USD
CY2014Q4 us-gaap Machinery And Equipment Gross
MachineryAndEquipmentGross
12986000 USD
CY2014Q1 us-gaap Mandatorily Redeemable Preferred Stock Fair Value Disclosure
MandatorilyRedeemablePreferredStockFairValueDisclosure
0 USD
CY2016Q1 us-gaap Mandatorily Redeemable Preferred Stock Fair Value Disclosure
MandatorilyRedeemablePreferredStockFairValueDisclosure
0 USD
CY2014Q1 us-gaap Mandatorily Redeemable Preferred Stock Fair Value Disclosure
MandatorilyRedeemablePreferredStockFairValueDisclosure
6600000 USD
CY2012Q4 us-gaap Minority Interest
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343000 USD
CY2013Q4 us-gaap Minority Interest
MinorityInterest
1446000 USD
CY2014Q4 us-gaap Minority Interest
MinorityInterest
4402000 USD
us-gaap Net Amount At Risk By Product And Guarantee Range Of Guaranteed Minimum Return Rates
NetAmountAtRiskByProductAndGuaranteeRangeOfGuaranteedMinimumReturnRates
0.06% - 1.4%
CY2013 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-437000 USD
CY2014 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
6777000 USD
CY2013 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
60027000 USD
CY2014 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-16716000 USD
CY2013 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-41814000 USD
CY2014 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-14624000 USD
CY2013 us-gaap Net Income Loss
NetIncomeLoss
-36861000 USD
CY2014 us-gaap Net Income Loss
NetIncomeLoss
-12820000 USD
CY2013 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
777000 USD
CY2014 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
1596000 USD
CY2013 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-44088000 USD
CY2014 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-13120000 USD
CY2013 us-gaap Net Investment Income
NetInvestmentIncome
2186000 USD
CY2014 us-gaap Net Investment Income
NetInvestmentIncome
1616000 USD
CY2014Q3 us-gaap Notes Receivable Related Parties
NotesReceivableRelatedParties
1500000 USD
CY2013 us-gaap Operating Expenses
OperatingExpenses
206827000 USD
CY2013 us-gaap Other Comprehensive Income Loss Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent
1642000 USD
CY2014 us-gaap Other Comprehensive Income Loss Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent
-2483000 USD
CY2013 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
10000 USD
CY2014 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-31000 USD
CY2013 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-5215000 USD
CY2014 us-gaap Operating Expenses
OperatingExpenses
186787000 USD
CY2013 us-gaap Operating Income Loss
OperatingIncomeLoss
-13490000 USD
CY2014 us-gaap Operating Income Loss
OperatingIncomeLoss
6099000 USD
CY2014Q4 us-gaap Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
3592000 USD
CY2014Q4 us-gaap Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
1357000 USD
CY2014Q4 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
1625000 USD
CY2014Q4 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
2323000 USD
CY2014Q4 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
2821000 USD
CY2014Q4 us-gaap Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
0 USD
CY2014Q4 us-gaap Operating Loss Carryforwards
OperatingLossCarryforwards
6568000 USD
CY2013 us-gaap Other Amortization Of Deferred Charges
OtherAmortizationOfDeferredCharges
31251000 USD
CY2014 us-gaap Other Amortization Of Deferred Charges
OtherAmortizationOfDeferredCharges
25779000 USD
CY2013Q4 us-gaap Other Assets
OtherAssets
4039000 USD
CY2014Q4 us-gaap Other Assets
OtherAssets
3965000 USD
CY2013 us-gaap Other Comprehensive Income Loss Before Tax
OtherComprehensiveIncomeLossBeforeTax
-424000 USD
CY2014 us-gaap Other Comprehensive Income Loss Before Tax
OtherComprehensiveIncomeLossBeforeTax
-1552000 USD
CY2014 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-1076000 USD
CY2013 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax
-424000 USD
CY2014 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax
-1552000 USD
us-gaap Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
0 USD
us-gaap Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
0 USD
CY2013 us-gaap Other Comprehensive Income Other Net Of Tax
OtherComprehensiveIncomeOtherNetOfTax
642000 USD
CY2014 us-gaap Other Comprehensive Income Other Net Of Tax
OtherComprehensiveIncomeOtherNetOfTax
0 USD
CY2013 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
936000 USD
CY2014 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
-2597000 USD
CY2013 us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
26854000 USD
CY2014 us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
20451000 USD
CY2013 us-gaap Other Income
OtherIncome
9236000 USD
CY2014 us-gaap Other Income
OtherIncome
8920000 USD
CY2013Q4 us-gaap Other Investments
OtherInvestments
3000000 USD
CY2014Q4 us-gaap Other Investments
OtherInvestments
3576000 USD
CY2013Q4 us-gaap Other Liabilities
OtherLiabilities
36821000 USD
CY2014Q4 us-gaap Other Liabilities
OtherLiabilities
40582000 USD
CY2013Q2 us-gaap Other Liabilities
OtherLiabilities
572000 USD
CY2013 us-gaap Other Nonoperating Income
OtherNonoperatingIncome
-239000 USD
CY2014 us-gaap Other Nonoperating Income
OtherNonoperatingIncome
10000 USD
CY2013 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-12326000 USD
CY2013Q4 us-gaap Other Receivables
OtherReceivables
4097000 USD
CY2014Q4 us-gaap Other Receivables
OtherReceivables
5402000 USD
CY2013 us-gaap Payments For Restructuring
PaymentsForRestructuring
2152000 USD
CY2014 us-gaap Payments For Restructuring
PaymentsForRestructuring
724000 USD
CY2013 us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
16692000 USD
CY2014 us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
36902000 USD
CY2013 us-gaap Payments To Acquire Available For Sale Securities Equity
PaymentsToAcquireAvailableForSaleSecuritiesEquity
1586000 USD
CY2014 us-gaap Payments To Acquire Available For Sale Securities Equity
PaymentsToAcquireAvailableForSaleSecuritiesEquity
14462000 USD
CY2013Q2 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
1100000 USD
CY2013 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
1052000 USD
CY2014 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
0 USD
CY2013 us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
0 USD
CY2014 us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
2305000 USD
CY2013 us-gaap Payments To Acquire Interest In Subsidiaries And Affiliates
PaymentsToAcquireInterestInSubsidiariesAndAffiliates
2749000 USD
CY2014 us-gaap Payments To Acquire Interest In Subsidiaries And Affiliates
PaymentsToAcquireInterestInSubsidiariesAndAffiliates
2703000 USD
CY2013 us-gaap Payments To Acquire Other Investments
PaymentsToAcquireOtherInvestments
906000 USD
CY2014 us-gaap Payments To Acquire Other Investments
PaymentsToAcquireOtherInvestments
3600000 USD
CY2013 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1126000 USD
CY2014 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
-4656000 USD
CY2013 us-gaap Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
237000 USD
CY2014 us-gaap Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
102000 USD
CY2013Q4 us-gaap Pledged Assets Separately Reported Nonsecuritized Investments Pledged As Collateral At Fair Value
PledgedAssetsSeparatelyReportedNonsecuritizedInvestmentsPledgedAsCollateralAtFairValue
24400000 USD
CY2014Q4 us-gaap Pledged Assets Separately Reported Nonsecuritized Investments Pledged As Collateral At Fair Value
PledgedAssetsSeparatelyReportedNonsecuritizedInvestmentsPledgedAsCollateralAtFairValue
17500000 USD
CY2014Q4 us-gaap Preferred Stock Dividend Rate Per Dollar Amount
PreferredStockDividendRatePerDollarAmount
1.25
CY2014 us-gaap Preferred Stock Dividend Rate Per Dollar Amount
PreferredStockDividendRatePerDollarAmount
1.88
CY2013 us-gaap Premiums Earned Net Property And Casualty
PremiumsEarnedNetPropertyAndCasualty
109608000 USD
CY2014 us-gaap Premiums Earned Net Property And Casualty
PremiumsEarnedNetPropertyAndCasualty
117593000 USD
CY2013 us-gaap Premiums Percentage Assumed To Net
PremiumsPercentageAssumedToNet
0
CY2014 us-gaap Premiums Percentage Assumed To Net
PremiumsPercentageAssumedToNet
0
CY2013Q4 us-gaap Premiums Receivable Allowance For Doubtful Accounts
PremiumsReceivableAllowanceForDoubtfulAccounts
2122000 USD
CY2014Q4 us-gaap Premiums Receivable Allowance For Doubtful Accounts
PremiumsReceivableAllowanceForDoubtfulAccounts
1889000 USD
CY2013Q4 us-gaap Premiums Receivable At Carrying Value
PremiumsReceivableAtCarryingValue
32035000 USD
CY2014Q4 us-gaap Premiums Receivable At Carrying Value
PremiumsReceivableAtCarryingValue
28885000 USD
CY2013 us-gaap Premiums Written Net
PremiumsWrittenNet
113631000 USD
CY2013Q4 us-gaap Prepaid Reinsurance Premiums
PrepaidReinsurancePremiums
6816000 USD
CY2014Q4 us-gaap Prepaid Reinsurance Premiums
PrepaidReinsurancePremiums
8000 USD
CY2014Q4 us-gaap Present Value Of Future Minimum Lease Payments Sale Leaseback Transactions
PresentValueOfFutureMinimumLeasePaymentsSaleLeasebackTransactions
4700000 USD
CY2013 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
12100000 USD
CY2014 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
0 USD
CY2013 us-gaap Proceeds From Issuance Of Convertible Preferred Stock
ProceedsFromIssuanceOfConvertiblePreferredStock
0 USD
CY2014 us-gaap Proceeds From Issuance Of Convertible Preferred Stock
ProceedsFromIssuanceOfConvertiblePreferredStock
6330000 USD
CY2005 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
74100000 CAD
CY2013 us-gaap Proceeds From Issuance Of Warrants
ProceedsFromIssuanceOfWarrants
0 USD
CY2014 us-gaap Proceeds From Issuance Of Warrants
ProceedsFromIssuanceOfWarrants
14803000 USD
CY2013 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
13638000 USD
CY2014 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
0 USD
CY2013Q1 us-gaap Proceeds From Repayments Of Debt
ProceedsFromRepaymentsOfDebt
0 USD
CY2013 us-gaap Proceeds From Sale And Maturity Of Available For Sale Securities
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
40211000 USD
CY2014 us-gaap Proceeds From Sale And Maturity Of Available For Sale Securities
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
27655000 USD
CY2013 us-gaap Proceeds From Sale And Maturity Of Other Investments
ProceedsFromSaleAndMaturityOfOtherInvestments
0 USD
CY2013Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
355625 shares
CY2013Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
18.46
CY2014Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
4.50
CY2014Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue
642000 USD
CY2014 us-gaap Proceeds From Sale And Maturity Of Other Investments
ProceedsFromSaleAndMaturityOfOtherInvestments
3000000 USD
CY2013 us-gaap Proceeds From Sale Of Available For Sale Securities Equity
ProceedsFromSaleOfAvailableForSaleSecuritiesEquity
30526000 USD
CY2014 us-gaap Proceeds From Sale Of Available For Sale Securities Equity
ProceedsFromSaleOfAvailableForSaleSecuritiesEquity
8047000 USD
CY2014 us-gaap Proceeds From Sale Of Buildings
ProceedsFromSaleOfBuildings
4300000 USD
CY2014 us-gaap Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
14803000 USD
CY2013 us-gaap Profit Loss
ProfitLoss
-36084000 USD
CY2014 us-gaap Profit Loss
ProfitLoss
-11224000 USD
CY2013Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
17510000 USD
CY2014Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
23459000 USD
CY2013Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
1662000 USD
CY2014Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
6169000 USD
CY2013Q4 us-gaap Property Plant And Equipment Other
PropertyPlantAndEquipmentOther
30000 USD
CY2014Q4 us-gaap Property Plant And Equipment Other
PropertyPlantAndEquipmentOther
19000 USD
CY2013 us-gaap Realized Investment Gains Losses
RealizedInvestmentGainsLosses
3505000 USD
CY2014 us-gaap Realized Investment Gains Losses
RealizedInvestmentGainsLosses
5041000 USD
CY2013 us-gaap Reinsurance Effect On Claims And Benefits Incurred Amount Ceded
ReinsuranceEffectOnClaimsAndBenefitsIncurredAmountCeded
16275000 USD
CY2014 us-gaap Reinsurance Effect On Claims And Benefits Incurred Amount Ceded
ReinsuranceEffectOnClaimsAndBenefitsIncurredAmountCeded
655000 USD
CY2013Q4 us-gaap Reinsurance Payable
ReinsurancePayable
1033000 USD
CY2014Q4 us-gaap Reinsurance Payable
ReinsurancePayable
525000 USD
CY2013Q4 us-gaap Reinsurance Receivables Incurred But Not Reported Claims
ReinsuranceReceivablesIncurredButNotReportedClaims
7942000 USD
CY2014Q4 us-gaap Reinsurance Receivables Incurred But Not Reported Claims
ReinsuranceReceivablesIncurredButNotReportedClaims
3203000 USD
CY2013Q4 us-gaap Reinsurance Recoverables
ReinsuranceRecoverables
10335000 USD
CY2014Q4 us-gaap Reinsurance Recoverables
ReinsuranceRecoverables
3652000 USD
CY2014 us-gaap Related Party Transaction Rate
RelatedPartyTransactionRate
0
CY2013 us-gaap Repayments Of Unsecured Debt
RepaymentsOfUnsecuredDebt
12537000 USD
CY2014 us-gaap Repayments Of Unsecured Debt
RepaymentsOfUnsecuredDebt
14356000 USD
CY2014 us-gaap Restricted Stock Expense
RestrictedStockExpense
1972345 USD
CY2014 us-gaap Restructuring And Related Cost Cost Incurred To Date
RestructuringAndRelatedCostCostIncurredToDate
-2000000 USD
CY2014 us-gaap Restructuring And Related Cost Expected Cost
RestructuringAndRelatedCostExpectedCost
2000000 USD
CY2013 us-gaap Restructuring Charges
RestructuringCharges
1861000 USD
CY2014 us-gaap Restructuring Charges
RestructuringCharges
-13000 USD
CY2012Q4 us-gaap Restructuring Reserve
RestructuringReserve
1421000 USD
CY2013Q4 us-gaap Restructuring Reserve
RestructuringReserve
1130000 USD
CY2014Q4 us-gaap Restructuring Reserve
RestructuringReserve
393000 USD
CY2012Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-262069000 USD
CY2013Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-298930000 USD
CY2014Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-312050000 USD
CY2013 us-gaap Revenues
Revenues
172278000 USD
CY2014 us-gaap Revenues
Revenues
188018000 USD
CY2014 us-gaap Sale Leaseback Transaction Lease Terms
SaleLeasebackTransactionLeaseTerms
five-year
CY2013Q4 us-gaap Senior Notes
SeniorNotes
14356000 USD
CY2014Q4 us-gaap Senior Notes
SeniorNotes
0 USD
CY2004Q1 us-gaap Senior Notes
SeniorNotes
100000000 USD
CY2013 us-gaap Share Based Compensation
ShareBasedCompensation
325000 USD
CY2014 us-gaap Share Based Compensation
ShareBasedCompensation
1238000 USD
CY2014 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice
18.12
CY2014 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
4.50
CY2013Q4 us-gaap Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Number Of Exercisable Options
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfExercisableOptions
268125 shares
CY2014Q4 us-gaap Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Number Of Exercisable Options
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfExercisableOptions
611875 shares
CY2013Q4 us-gaap Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Number Of Outstanding Options
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfOutstandingOptions
355625 shares
CY2014Q4 us-gaap Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Number Of Outstanding Options
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfOutstandingOptions
611875 shares
CY2013Q4 us-gaap Share Price
SharePrice
0
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod
351875 shares
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
611875 shares
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
4.14
CY2014Q2 us-gaap Share Price
SharePrice
0
CY2014Q1 us-gaap Share Price
SharePrice
25.000
CY2013Q4 us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Outstanding Options Weighted Average Exercise Price Beginning Balance1
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingOptionsWeightedAverageExercisePriceBeginningBalance1
18.35
CY2014Q4 us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Outstanding Options Weighted Average Exercise Price Beginning Balance1
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingOptionsWeightedAverageExercisePriceBeginningBalance1
4.50
CY2013Q4 us-gaap Short Term Investments
ShortTermInvestments
501000 USD
CY2014Q4 us-gaap Short Term Investments
ShortTermInvestments
400000 USD
CY2013Q4 us-gaap Statutory Accounting Practices Statutory Capital And Surplus Balance
StatutoryAccountingPracticesStatutoryCapitalAndSurplusBalance
40647000 USD
CY2014Q4 us-gaap Statutory Accounting Practices Statutory Capital And Surplus Balance
StatutoryAccountingPracticesStatutoryCapitalAndSurplusBalance
39042000 USD
CY2014Q4 us-gaap Statutory Accounting Practices Statutory Capital And Surplus Required
StatutoryAccountingPracticesStatutoryCapitalAndSurplusRequired
26161000 USD
CY2013 us-gaap Statutory Accounting Practices Statutory Net Income Amount
StatutoryAccountingPracticesStatutoryNetIncomeAmount
-3575000 USD
CY2014 us-gaap Statutory Accounting Practices Statutory Net Income Amount
StatutoryAccountingPracticesStatutoryNetIncomeAmount
2725000 USD
CY2013 us-gaap Stock Issued1
StockIssued1
380000 USD
CY2014 us-gaap Stock Issued1
StockIssued1
1505000 USD
CY2014Q2 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
2875000 shares
CY2014 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
3280790 shares
CY2013Q3 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
13100000 USD
CY2014 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
13100000 USD
us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
7500000 USD
CY2013 us-gaap Stock Issued During Period Value Share Based Compensation Forfeited
StockIssuedDuringPeriodValueShareBasedCompensationForfeited
199000 USD
CY2014 us-gaap Stock Issued During Period Value Share Based Compensation Forfeited
StockIssuedDuringPeriodValueShareBasedCompensationForfeited
1000 USD
CY2013 us-gaap Stock Option Plan Expense
StockOptionPlanExpense
524000 USD
CY2014 us-gaap Stock Option Plan Expense
StockOptionPlanExpense
1239000 USD
CY2014Q3 us-gaap Stock Redeemed Or Called During Period Shares
StockRedeemedOrCalledDuringPeriodShares
845000 shares
CY2012Q4 us-gaap Stockholders Equity
StockholdersEquity
65071000 USD
CY2013Q4 us-gaap Stockholders Equity
StockholdersEquity
35474000 USD
CY2014Q4 us-gaap Stockholders Equity
StockholdersEquity
37464000 USD
CY2012Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
65414000 USD
CY2013Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
36920000 USD
CY2014Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
41866000 USD
CY2013Q4 us-gaap Subordinated Debt
SubordinatedDebt
28471000 USD
CY2014Q4 us-gaap Subordinated Debt
SubordinatedDebt
40659000 USD
CY2013 us-gaap Supplemental Information For Property Casualty Insurance Underwriters Paid Claims And Claims Adjustment Expense
SupplementalInformationForPropertyCasualtyInsuranceUnderwritersPaidClaimsAndClaimsAdjustmentExpense
101772000 USD
CY2014 us-gaap Supplemental Information For Property Casualty Insurance Underwriters Paid Claims And Claims Adjustment Expense
SupplementalInformationForPropertyCasualtyInsuranceUnderwritersPaidClaimsAndClaimsAdjustmentExpense
94949000 USD
CY2013 us-gaap Supplemental Information For Property Casualty Insurance Underwriters Premiums Written
SupplementalInformationForPropertyCasualtyInsuranceUnderwritersPremiumsWritten
113631000 USD
CY2014 us-gaap Supplemental Information For Property Casualty Insurance Underwriters Premiums Written
SupplementalInformationForPropertyCasualtyInsuranceUnderwritersPremiumsWritten
123378000 USD
CY2014Q4 us-gaap Supplemental Information For Property Casualty Insurance Underwriters Unearned Premiums
SupplementalInformationForPropertyCasualtyInsuranceUnderwritersUnearnedPremiums
5881000 USD
CY2013Q4 us-gaap Supplementary Insurance Information Other Policy Claims And Benefits Payable
SupplementaryInsuranceInformationOtherPolicyClaimsAndBenefitsPayable
997000 USD
CY2014Q4 us-gaap Supplementary Insurance Information Other Policy Claims And Benefits Payable
SupplementaryInsuranceInformationOtherPolicyClaimsAndBenefitsPayable
997000 USD
CY2014Q4 us-gaap Supplementary Insurance Information Unearned Premiums
SupplementaryInsuranceInformationUnearnedPremiums
5873000 USD
CY2013Q4 us-gaap Taxes Payable Current And Noncurrent
TaxesPayableCurrentAndNoncurrent
2984000 USD
CY2014Q4 us-gaap Taxes Payable Current And Noncurrent
TaxesPayableCurrentAndNoncurrent
0 USD
CY2013Q4 us-gaap Temporary Equity Carrying Amount Attributable To Parent
TemporaryEquityCarryingAmountAttributableToParent
0 USD
CY2014Q4 us-gaap Temporary Equity Carrying Amount Attributable To Parent
TemporaryEquityCarryingAmountAttributableToParent
6330000 USD
CY2013Q4 us-gaap Unearned Premiums
UnearnedPremiums
48577000 USD
CY2014Q4 us-gaap Unearned Premiums
UnearnedPremiums
36432000 USD
CY2012Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
3026000 USD
CY2013Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
3201000 USD
CY2014Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0 USD
CY2014 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
-1256000 USD
CY2014 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities
-1945000 USD
CY2013Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
1400000 USD
CY2014Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
0 USD
CY2014 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
0 USD
CY2013 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
175000 USD
CY2014 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
0 USD
CY2013 us-gaap Unrecognized Tax Benefits Period Increase Decrease
UnrecognizedTaxBenefitsPeriodIncreaseDecrease
175000 USD
CY2014 us-gaap Unrecognized Tax Benefits Period Increase Decrease
UnrecognizedTaxBenefitsPeriodIncreaseDecrease
-1256000 USD
CY2014 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
0 USD
CY2014Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
1300000 USD
CY2013 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
15884000 USD
CY2014 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
4165000 USD
CY2013 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
14111000 shares
CY2014 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
17398000 shares
CY2014 us-gaap Description Of New Accounting Pronouncements Not Yet Adopted
DescriptionOfNewAccountingPronouncementsNotYetAdopted
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:12px;padding-top:12px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">RECENTLY ISSUED ACCOUNTING STANDARDS</font></div><div style="line-height:120%;padding-bottom:12px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">(a)&#160;&#160;&#160;&#160;Adoption of New Accounting Standards:</font></div><div style="line-height:120%;padding-bottom:12px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In July 2013, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") 2013-11, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists </font><font style="font-family:inherit;font-size:10pt;">("ASU 2013-11"). ASU 2013-11 amends Accounting Standards Codification Topic 740, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Income Taxes</font><font style="font-family:inherit;font-size:10pt;">, to provide guidance and reduce diversity in practice on the financial statement presentation of an unrecognized tax benefit when a net operating loss carryforward, a similar tax loss, or a tax credit carryforward exists. Effective January 1, 2014, the Company adopted ASU 2013-11. Except for the new disclosure requirements, the adoption of the standard did not have an impact on the consolidated financial statements.</font></div><div style="line-height:120%;padding-bottom:12px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">(b)&#160;&#160;&#160;&#160;Accounting Standards Not Yet Adopted:</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In May 2014, the FASB issued ASU 2014-09, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Revenue from Contracts with Customers</font><font style="font-family:inherit;font-size:10pt;"> ("ASU 2014-09"), which outlines a single comprehensive model for entities to use in accounting for revenue arising from contracts with customers. The core principle of ASU 2014-09 is that an entity recognizes revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled to in exchange for those goods or services. ASU 2014-09 is effective for reporting periods beginning after December 15, 2016 and early adoption is not permitted. Insurance contracts are not within the scope of ASU 2014-09, therefore this standard would not apply to the Company's Insurance Underwriting segment. The Company is currently evaluating the impact of the adoption of ASU 2014-09 on its consolidated financial statements.</font></div></div>
CY2014 us-gaap Nature Of Operations
NatureOfOperations
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:12px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">BUSINESS</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Kingsway Financial Services Inc. (the "Company" or "Kingsway") was incorporated under the Business Corporations Act (Ontario) on September 19, 1989. Kingsway is a Canadian holding company with operating subsidiaries located in the United States. The Company operates as a merchant bank primarily engaged, through its subsidiaries, in the property and casualty insurance business.</font></div></div>

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