| Summary of Quarterly Financial Data |
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. |
|