Annual report pursuant to Section 13 and 15(d)

Selected Quarterly Financial Data

v2.4.1.9
Selected Quarterly Financial Data
12 Months Ended
Dec. 31, 2014
Quarterly Financial Information Disclosure [Abstract]  
Selected Quarterly Financial Data

16. Selected Quarterly Financial Data (Unaudited)

The following table summarizes our quarterly financial data which, in the opinion of management, reflects all adjustments, consisting only of normal recurring adjustments, necessary for a fair presentation of our results of operations (in thousands):

 

    For the Three-Months Ended  
    March 31, 2014     June 30, 2014     Sept. 30, 2014     Dec. 31, 2014  

For the year ended December 31, 2014

       

Net Investment Revenue, net of provision

    2,382      $ 3,093      $ 4,269      $ 3,726   

Other Investment Revenue

    3,317        4,479        3,544        3,810   
 

 

 

   

 

 

   

 

 

   

 

 

 

Total Revenue, net of investment interest expense and provision

  5,699      7,572      7,813      7,536   
 

 

 

   

 

 

   

 

 

   

 

 

 

Other Expenses, net

  (2,826   (5,527   (4,604   (5,867
 

 

 

   

 

 

   

 

 

   

 

 

 

Net income (loss) before income tax

$ 2,873    $ 2,045    $ 3,209    $ 1,669   
 

 

 

   

 

 

   

 

 

   

 

 

 

Income tax (expense) benefit

  (60   830      (607   (189
 

 

 

   

 

 

   

 

 

   

 

 

 

Net Income (Loss)

$ 2,813    $ 2,875    $ 2,602    $ 1,480   
 

 

 

   

 

 

   

 

 

   

 

 

 

Net Income (Loss) attributable to controlling shareholders

$ 2,753    $ 2,828    $ 2,564    $ 1,462   
 

 

 

   

 

 

   

 

 

   

 

 

 

Basic earnings per common share (a)

$ 0.17    $ 0.13    $ 0.11    $ 0.05   

Diluted earnings per common share (a)

$ 0.17    $ 0.13    $ 0.11    $ 0.05   

 

    For the Three-Months Ended  
    March 31, 2013     June 30, 2013     Sept. 30, 2013     Dec. 31, 2013  

For the year ended December 31, 2013

       

Net Investment Revenue, net of provision

    475      $ 1,332      $ 2,590      $ (7,847

Other Investment Revenue

    281        1,532        2,206        3,061   
 

 

 

   

 

 

   

 

 

   

 

 

 

Total Revenue, net of investment interest expense and provision

  756      2,864      4,796      (4,786
 

 

 

   

 

 

   

 

 

   

 

 

 

Other Expenses, net

  (1,975   (8,638   (2,902   (3,000
 

 

 

   

 

 

   

 

 

   

 

 

 

Net (loss) income before income tax

$ (1,219 $ (5,774 $ 1,894    $ (7,786
 

 

 

   

 

 

   

 

 

   

 

 

 

Income tax benefit (expense)

  —        —        —        251   
 

 

 

   

 

 

   

 

 

   

 

 

 

Net (loss) income

$ (1,219 $ (5,774 $ 1,894    $ (7,535
 

 

 

   

 

 

   

 

 

   

 

 

 

Net (loss) income attributable to controlling shareholders

$ (4,971 $ 1,842    $ (7,330
   

 

 

   

 

 

   

 

 

 

Basic earnings per common share (a)

$ (0.32 $ 0.11    $ (0.48

Diluted earnings per common share (a)

$ (0.32 $ 0.11    $ (0.48

 

(a) Amounts for the individual quarters when aggregated may not agree to the earnings per share for the full year due to rounding.