Patriot National 10-K 21 Mar 16 2015 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2015	Mar. 14, 2016	Jun. 30, 2015
Document And Entity Information [Abstract]
Document Type	10-K
Amendment Flag	false
Document Period End Date	Dec. 31, 2015
Document Fiscal Year Focus	2,015
Document Fiscal Period Focus	FY
Trading Symbol	PN
Entity Registrant Name	Patriot National, Inc.
Entity Central Index Key	1,619,917
Current Fiscal Year End Date	--12-31
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Filer Category	Non-accelerated Filer
Entity Common Stock, Shares Outstanding		27,176,441
Entity Public Float			$ 160,537,888

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($)	Dec. 31, 2015	Dec. 31, 2014
Current Assets
Cash	$ 8,372,000	$ 4,251,000
Equity and fixed income security investments	31,293,000	0
Total cash and investments	11,545,000	4,251,000
Restricted cash	16,055,000	6,923,000
Fee income receivable	8,159,000	1,942,000
Fee income receivable from related party	27,036,000	11,988,000
Net receivable from related parties	499,000	1,773,000
Deferred costs for initial public offering		2,682,000
Other current assets	2,046,000	430,000
Total current assets	65,340,000	29,989,000
Fixed assets, net of depreciation	5,092,000	1,879,000
Deferred loan fees	2,352,000	5,911,000
Goodwill	118,141,000	61,493,000
Intangible assets	75,681,000	32,988,000
Forward purchase asset	28,120,000
Advance on facilitation agreement	2,000,000
Other long term assets	11,428,000	9,842,000
Total Assets	308,154,000	142,102,000
Liabilities
Deferred claims administration services income	10,639,000	8,515,000
Net advanced claims reimbursements	1,835,000	6,803,000
Income taxes payable	2,996,000	11,548,000
Current earn-out payable	10,556,000
Accounts payable, accrued expenses and other liabilities	32,809,000	15,027,000
Deferred purchase consideration	6,128,000
Revolver borrowings outstanding	18,032,000
Current portion of notes payable	5,500,000	15,782,000
Current portion of capital lease obligation	2,232,000	2,332,000
Total current liabilities	90,727,000	60,007,000
Earn-out payable	1,827,000
Notes payable	101,000,000	95,039,000
Capital lease obligation		2,438,000
Warrant redemption liability	28,120,000	12,879,000
Total Liabilities	$ 221,674,000	$ 170,363,000
Equity (Deficit)
Preferred stock, $.001 par value; 100,000 shares authorized, no shares issued and outstanding as of December 31, 2015 and December 31, 2014
Common stock, $.001 par value; 1,000,000 shares authorized, 28,105 and 18,075 shares issued and outstanding as of December 31, 2015 and December 31, 2014, respectively	$ 21,000	$ 14,000
Additional paid in capital	119,999,000
Accumulated deficit	(33,305,000)	(27,930,000)
Total Patriot National, Inc. Stockholders' Equity (Deficit)	86,715,000	(27,916,000)
Less Non-controlling interest	(235,000)	(345,000)
Total Equity (Deficit)	86,480,000	(28,261,000)
Total Liabilities and Equity (Deficit)	308,154,000	$ 142,102,000
Quoted Prices in Active Markets for Identical Securities (Level 1)
Current Assets
Equity and fixed income security investments	$ 3,173,000

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - $ / shares	Dec. 31, 2015	Dec. 31, 2014
Statement Of Financial Position [Abstract]
Preferred stock, par value	$ 0.001	$ 0.001
Preferred stock, authorized	100,000,000	100,000,000
Preferred stock, issued	0	0
Preferred Stock, outstanding	0	0
Common stock, par value	$ 0.001	$ 0.001
Common stock, authorized	1,000,000,000	1,000,000,000
Common stock, issued	28,105,000	18,075,000
Common Stock, outstanding	28,105,000	18,075,000

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Revenues
Fee income	$ 122,881	$ 55,848	$ 46,486
Fee income from related party	86,883	46,882	9,387
Total fee income and fee income from related party	209,764	102,730	55,873
Net investment income	135	496	87
Net gains (losses) on investments	(179)	14,038	(50)
Total Revenues	209,720	117,264	55,910
Expenses
Salaries and related expenses	77,628	32,420	15,985
Commission expense	35,879	16,939	8,765
Management fees to related party for administrative support services		5,390	12,139
Outsourced services	12,234	5,608	3,303
Allocation of marketing, underwriting and policy issuance costs from related party		1,872	4,687
Other operating expenses	34,600	13,821	7,101
Acquisition costs	6,781
Interest expense	3,544	9,204	1,174
Depreciation and amortization	14,577	5,935	2,607
Amortization of loan discounts and loan costs	373	2,158	5,553
Non-cash stock based compensation expense	10,787
Costs related to extinguishment of debt	13,681
Public offering costs	1,229
Increase in fair value of earn-out liability	827
Gain on financing transaction	(609)
Gain on disposal of fixed assets	(7)
(Decrease) Increase in fair value of warrant redemption liability	(1,410)	1,823
Loss on exchange of units and warrants			152
Total Expenses	210,114	95,170	61,466
Net (loss) income before income tax expense	(394)	22,094	(5,556)
Income Tax Expense	4,871	11,635	712
Net (Loss) Income Including Non-Controlling Interest in Subsidiary	(5,265)	10,459	(6,268)
Net income (loss) attributable to non-controlling interest in subsidiary	110	45	(82)
Net (Loss) Income	$ (5,375)	$ 10,414	$ (6,186)
Earnings (Loss) Per Common Share
Basic	$ (0.20)	$ 0.66	$ (0.43)
Diluted	$ (0.20)	$ 0.66	$ (0.43)
Weighted Average Common Shares Outstanding
Basic	26,425	15,754	14,288
Diluted	26,425	15,754	14,288
Pro Forma Income Tax Expense (Unaudited)			$ 2,092
Pro Forma Earnings (Loss) Per Common Share
Basic			$ (0.53)
Diluted			$ (0.53)

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Operating Activities
Net (Loss) Income	$ (5,265)	$ 10,459	$ (6,268)
Adjustments to reconcile net (loss) income to net cash from operating activities:
Depreciation and amortization	14,577	5,935	2,607
Amortization of loan discounts and loan costs	373	2,158	5,553
(Decrease) Increase in fair value of warrant redemption liability	(1,410)	1,823
Increase in fair value of earn-out liability	827
Non-cash stock based compensation expense	10,787
Write-off of deferred financing and original issue discounts	9,342
Gain on financing transaction	(609)
Net non-cash losses (gains) on investments	179	(14,038)	50
Deferred income taxes		(388)	291
Loss on exchange of units and warrants			152
Provision for uncollectible fee income	351	502	2,544
Changes in certain assets and liabilities:
Fee income receivable	(3,228)	(763)	(3,263)
Fee income receivable from related party	(15,048)	(6,667)	(1,383)
Claims reimbursement outstanding			1,101
Other current assets	(3,554)	209	22
Net payable to related parties	434	924	(3,258)
Deferred claims administration services income	397	676	(2,493)
Net advanced claims reimbursements	(4,968)	2,433	4,003
Income taxes payable	(7,861)	11,326	408
Accounts payable and accrued expenses	7,245	12,023	877
Net Cash Provided by Operating Activities	2,569	24,360	6,048
Investment Activities:
Net increase in restricted cash	(2,541)	(2,488)	(4,290)
Net increase in note receivable from related party		(492)	(24,397)
Purchase of equity securities	(3,616)	(3,914)	(1,013)
Proceeds from sale of equity securities	264	4,037	963
Purchase of fixed assets and other long-term assets	(5,932)	(1,813)	(36)
Acquisitions, net of $2,316 and $912 cash acquired in 2015 and 2014, respectively	(80,887)	(54,853)
Net Cash Used in Investment Activities	(92,712)	(59,523)	(28,773)
Financing Activities:
Proceeds from initial public offering, net	98,275
Proceeds from senior secured term loans, net of $2,679 of fees	107,321
Repayment of senior secured term loans	(3,500)
Proceeds from notes payable, net of detachable common stock warrants and loan fees		51,168	38,472
Issuance of detachable common stock warrants		4,122	2,477
Payment of loan fees		(3,917)	(2,938)
Payment of costs for public offering	(3,742)	(2,682)
Revolver facility borrowings	59,100
Revolver facility repayments	(41,068)
Repayment of note payable	(119,573)	(10,196)	(10,000)
Repayment of capital lease obligation	(2,549)	(742)
Payment of unit holder distribution			(291)
Payment of stockholder dividend			(5,018)
Net Cash Provided by Financing Activities	94,264	37,753	22,702
Increase (decrease) in cash	4,121	2,590	(23)
Cash, beginning of period	4,251	1,661	1,684
Cash, end of period	8,372	4,251	1,661
Net Loss Attributable to Business Generated by GUI, Exclusive of Depreciation Expense
GUI total net loss	5,375	(10,414)	6,186
exclusive of depreciation expense
Interest Paid	3,545	9,189	846
Income Taxes Paid	11,062	533
GUI
Adjustments to reconcile net (loss) income to net cash from operating activities:
Net (Income) loss attributable to business generated by GUI, exclusive of depreciation expense		(2,252)	5,105
Net Loss Attributable to Business Generated by GUI, Exclusive of Depreciation Expense
GUI total net loss		45	7,586
Depreciation expense		(2,297)	(2,481)
Net loss attributable to business generated by GUI, exclusive of depreciation expense		(2,252)	5,105
exclusive of depreciation expense
Fixed assets and other long term assets acquired from GUI		334	6,091
Elimination of balances payable to GUI		3,168	(3,258)
Change in capital lease obligation assumed from GUI		1,304	(6,816)
Note receivable transferred to GUI		(492)	(28,329)
Note payable associated with acquisition of assets and liabilities of GUI		(30,000)
Non-cash capital contribution associated with assets and liabilities		(25,686)	$ (32,312)
Non-Cash Financing Activities
Deemed dividend attributable to acquisition		(49,150)
Global HR Research LLC
exclusive of depreciation expense
Non-Cash Stock Consideration Issued for the Acquisition of Global HR Research LLC	10,898
MPCS
Non-Cash Financing Activities
Deemed dividend attributable to acquisition	$ (750)
SPV2
Non-Cash Financing Activities
Deemed dividend attributable to acquisition		$ (6,750)

Combined Statements of Cash Flo

Combined Statements of Cash Flows (Parenthetical) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Statement Of Cash Flows [Abstract]
Cash acquired for acquisition	$ 2,316	$ 912

Consolidated Statements of Stoc

Consolidated Statements of Stockholders' Equity (Deficit) - USD ($) shares in Thousands, $ in Thousands	Total	SPV2	MPCS	Common Stock	Additional Paid In Capital	Additional Paid In CapitalMPCS	Accumulated Deficit	Accumulated DeficitSPV2	Non-Controlling Interest
Balance at Dec. 31, 2012	$ 8,801			$ 14	$ 21,873		$ (12,814)		$ (272)
Balance (in Shares) at Dec. 31, 2012				14,288
Forgiveness of common units	(905)				(878)				(27)
Non-cash capital contribution associated with assets and liabilities of GUI	(32,312)				(26,100)		(6,212)
Distribution to members	(291)						(282)		(9)
Dividend to common stockholders	(5,018)						(5,018)
Balance before net (loss) income	(29,725)			$ 14	(5,105)		(24,326)		(308)
Balance before net income, shares				14,288
Net (loss) income	(6,268)						(6,186)		(82)
Net (income) loss attributable to business generated by GUI, exclusive of depreciation expense	5,105				5,105
Balance at Dec. 31, 2013	(30,888)			$ 14			(30,512)		(390)
Balance (in Shares) at Dec. 31, 2013				14,288
Issuance of common stock	19,500				19,500
Issuance of common stock, shares				3,043
Exercise of detachable common stock warrants, shares				744
Non-cash capital contribution associated with assets and liabilities of GUI	(12,830)				(17,248)		4,418
Deemed dividend attributable to merger		$ (12,250)						$ (12,250)
Balance before net (loss) income	(36,468)			$ 14	2,252		(38,344)		(390)
Balance before net income, shares				18,075
Net (loss) income	10,459						10,414		45
Net (income) loss attributable to business generated by GUI, exclusive of depreciation expense	(2,252)				(2,252)
Balance at Dec. 31, 2014	(28,261)			$ 14			(27,930)		(345)
Balance (in Shares) at Dec. 31, 2014				18,075
Issuance of common stock	97,831			$ 7	97,824
Issuance of common stock, shares				7,350
Exercise of detachable common stock warrants, shares				1,084
Stock consideration issued for acquisitions	10,898				10,898
Stock consideration issued for acquisitions, shares				731
Issuance of restricted stock awards, shares				865
Deemed dividend attributable to merger			$ (750)			$ (750)
Non-cash stock based compensation	10,787				10,787
Excess tax deduction for the issuance of restricted stock awards	409				409
Contribution of forward purchase asset, net of rescind and exchange agreement	(668)				(668)
Contribution of Pennant Park warrant redemption liability	1,499				1,499
Balance before net (loss) income	91,745			$ 21	119,999		(27,930)		(345)
Balance before net income, shares				28,105
Net (loss) income	(5,265)						(5,375)		110
Balance at Dec. 31, 2015	$ 86,480			$ 21	$ 119,999		$ (33,305)		$ (235)
Balance (in Shares) at Dec. 31, 2015				28,105

Description of Business and Bas

Description of Business and Basis of Presentation	12 Months Ended
	Dec. 31, 2015
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Description of Business and Basis of Presentation	Patriot National, Inc. Notes to Consolidated Financial Statements December 31, 2015 1. Description of Business and Basis of Presentation Description of Business Patriot National, Inc. (“Patriot National” or the “Company”) is an independent national provider of comprehensive technology-enabled outsourcing solutions that help insurance carriers, employers and other clients mitigate risk, comply with complex regulations, and save time and money. We offer a full suite of end-to-end insurance related and specialty services that allow our clients to improve efficiencies and reduce expenses through our value-added processes. The core of our value proposition includes the benefit of a “one-stop” solution with our broad array of offered services, scalable state-of-the-art technology, and solutions to complex business and regulatory processes. Our goal is to be the preferred provider of mandatory employer services such as risk management services, health and welfare services, employee onboarding and compliance services. The Company offers two types of services: front-end services, such as brokerage, underwriting and policyholder services, and back-end services, such as claims adjudication and administration. We provide our services either on an individual basis, as bundles of two or more services tailored to a client’s specific needs or on a turnkey basis where we provide a comprehensive set of front-end and back-end services to a client. We also offer specialty services currently including technology outsourcing and other IT services, as well as employment pre-screening and background checks. As a service company, we do not assume any underwriting or insurance risk. Our revenue is primarily fee-based, most of which is contractually committed or highly recurring. Unlike our insurance and reinsurance carrier clients, we do not generate underwriting income or assume underwriting risk on workers’ compensation plans. Patriot National is headquartered in Ft. Lauderdale, Florida. The consolidated financial statements of Patriot National are comprised of the results of: ( i ) the parent company, Patriot National (formerly Old Guard Risk Services, Inc.), which was formed on November 15, 2013, (ii) Patriot National’s wholly owned subsidiary, Patriot Services, Inc. (“PSI”), and its wholly and majority owned subsidiaries, Patriot Underwriters, Inc. (“PUI”), Patriot Risk Services, Inc. (“PRS”), Contego Services Group, LLC and Contego Investigative Services, Inc. (together, “Contego”), Forza Lien, Inc. (“Forza”) and Patriot Captive Management, Inc. (“Patriot Captive Management”), all of which became subsidiaries of Patriot National effective November 27, 2013, (iii) PSI’s wholly owned subsidiary, Patriot Care, Inc., (iv) Patriot Care, Inc.’s wholly owned subsidiary, Patriot Care Holdings, Inc., and its wholly owned subsidiaries, Patriot Care Management, Inc., and Patriot Care Services, Inc. (collectively “PCM”), all of which were acquired on August 6, 2014, and (v) the revenues and expenses associated with contracts (the “GUI contracts”) with third party insurance companies and, with respect to one contract, Guarantee Insurance Company (“Guarantee Insurance”, a property and casualty insurance company wholly owned by Guarantee Insurance Group, Inc. (“GIG”, formerly Patriot National Insurance Group, Inc.) and a related party), which PUI acquired, together with certain other assets acquired and liabilities assumed, from Guarantee Underwriters, Inc. (“GUI”), a wholly owned subsidiary of GIG, effective August 6, 2014. For the years ended December 31, 2014 and 2013, because Patriot National, PSI, PRS, Contego, Forza and Patriot Captive Management are under common control, and the contracts and certain other assets acquired and liabilities assumed from GUI constitute the acquisition of a business under common control, the consolidated financial statements are presented as if all of these companies and the assets acquired and liabilities assumed from GUI were wholly or majority owned subsidiaries of the Company for all of the periods presented. Specifically, · Revenues and expenses attributable to Patriot National, PSI, PRS, Contego, Forza and Patriot Captive Management for the years ended December 31, 2014 and 2013 and revenues and expenses associated with the contracts and certain other assets acquired and liabilities assumed from GUI for the period from January 1, 2014 to August 6, 2014 and the year ended December 31, 2013, · Assets and liabilities attributable to Patriot National, PSI, PRS, Contego, Forza and Patriot Captive Management are included in the accompanying consolidated balance sheets as of December 31, 2014, · The fixed assets and other long term assets acquired from GUI, the capital lease obligation assumed from GUI are included in the accompanying consolidated balance sheets as of December 31, 2014, and all other assets and liabilities of GUI, which were not acquired by the Company on August 6, 2014, are not included in the accompanying consolidated balance sheets as of December 31, 2014, · The note receivable transferred to GUI and balances payable to GUI from the Company, both of which were included as part of the Company’s consideration for the contracts and certain other assets acquired and liabilities assumed, together with the note payable associated with the acquisition of the contracts and certain other assets, have been eliminated in consolidation in the accompanying consolidated balance sheets as of December 31, 2014, and · Changes in the fixed assets and other long term assets acquired from GUI, the capital lease obligation assumed from GUI and the note receivable transferred to GUI and balances payable to GUI from the Company, as described above, for the period from January 1, 2014 to August 6, 2014 are presented as “adjustments attributable to changes in assets and liabilities of GUI” in the accompanying consolidated statements of stockholders’ equity (deficit) for the years ended December 31, 2014 and 2013. PUI provides workers’ compensation brokerage, underwriting and policyholder services to third party insurance company customers. Additionally, PUI historically solicited applications for workers’ compensation insurance for Guarantee Insurance pursuant to a producer agreement between the parties that the Company acquired from GUI effective August 6, 2014 and which was also terminated on such date. PRS provides workers’ compensation claims administration services to (i) Guarantee Insurance, (ii) PUI’s third party insurance company customers and (iii) segregated portfolio cell reinsurers that assume business written by Guarantee Insurance and PUI’s third party insurance company customers. Contego provides claims investigations, loss control service administration, claimant transportation and translation, claims subrogation services and certain other services to Guarantee Insurance, PUI’s third party insurance company customers and the segregated portfolio cell reinsurers that assume business written by Guarantee Insurance and PUI’s third party insurance company customers. Contego also provides these services, on a limited basis, to certain other companies and government agencies. PCM provides healthcare cost containment services, including nurse case management, medical bill review and utilization review. Forza provides claim lien negotiation services to PUI’s third party insurance and reinsurance company customers. Patriot Captive Management provides reinsurance management services to the segregated portfolio cell reinsurers that assume business written by Guarantee Insurance and PUI’s third party insurance company customers, as well as certain other segregated portfolio cell reinsurers. Basis of Presentation The accompanying consolidated financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America (GAAP) and pursuant to the rules and regulations of the Securities and Exchange Commission. For Contego Services Group, LLC, the Company’s consolidated subsidiary that is 97% owned, and for DecisionUR, LLC (“DecisionUR”), the Company’s consolidated subsidiary that is 98.8% owned, the third party holdings of equity interests are referred to as non-controlling interest. The portion of the third party members’ equity (deficit) of Contego Services Group, LLC is presented as non-controlling interest in the accompanying consolidated balance sheets as of December 31, 2015 and 2014. The Company discloses the following three measures of net income (loss): (i) net income (loss), including non-controlling interest in subsidiary, (ii) net income (loss) attributable to non-controlling interest in subsidiary, and (iii) net income (loss). Certain reclassifications have been made to the amounts reported in prior years’ consolidated financial statements in order to conform to the current year presentation. In the preparation of our consolidated financial statements as of December 31, 2015, management evaluated all material subsequent events or transactions that occurred after the balance sheet date through the date on which the financial statements were issued for potential recognition in our consolidated financial statements and/or disclosure in the notes thereto.

Summary of Significant Accounti

Summary of Significant Accounting Policies and Recently Issued Financial Accounting Standards	12 Months Ended
	Dec. 31, 2015
Accounting Policies [Abstract]
Summary of Significant Accounting Policies and Recently Issued Financial Accounting Standards	2. Summary of Significant Accounting Policies and Recently Issued Financial Accounting Standards Significant Accounting Policies Use of Estimates The preparation of financial statements in accordance with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities as of the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Such estimates and assumptions could change in the future as more information becomes known and such changes could impact the amounts reported and disclosed herein. Adjustments related to changes in estimates are reflected in our results of operations in the period in which those estimates changed. Significant estimates inherent in the preparation of our consolidated financial statements include useful lives and impairments of long-lived tangible and intangible assets, accounting for income taxes and related uncertain tax positions, the valuation of warrant liabilities and accounting for business combinations. Revenue Recognition Brokerage and Policyholder Services . We generate fee income for underwriting and servicing workers’ compensation insurance policies for insurance companies, based on a percentage of premiums each writes for its customers. Brokerage and policyholder services are, in all material respects, provided prior to the issuance or renewal of the related policy. For insurance carrier clients who record written premium on the effective date of the policy based on the estimated total premium for the term of the policy, we recognize fee income on the effective date of the related insurance policy reduced by an allowance for estimated commission income that may be returned by us to such clients due to estimated net reduction in estimated total premium for the term of the policy, principally associated with mid-term policy cancellations. For insurance carrier clients who record written premium as premium is collected, we recognize fee income as the premium is collected, reduced by an allowance for estimated commission income that may be returned by us to such clients due to net returns of premiums previously written and collected. In each case, we record the revenue effects of subsequent premium adjustments when such adjustments become known. We have also historically recorded fee income for soliciting applications for workers’ compensation policies for Guarantee Insurance, a related party, pursuant to a producer agreement between GUI and Guarantee Insurance that we acquired as part of the GUI Acquisition, based on a percentage of premiums procured. The producer agreement provided that the percentage may be amended from time to time upon the mutual consent of the parties. For the year ended December 31, 2013, the fees based on a percentage of premium were waived in their entirety. This agreement was terminated effective August 6, 2014. Generally, as a historical matter, the policies we produced for our insurance carrier clients other than Guarantee Insurance featured payment plans spread across the terms of the respective policies. Because we record brokerage and policyholder services revenue on this business as premium is collected, the commission income we estimate that may be returned by us to such clients due to estimated net reductions in total premium for the term of the policy, principally associated with mid-term policy cancellations, was nominal. Accordingly, we did not maintain an allowance for estimated return commission income on business produced by us for insurance carrier clients other than Guarantee Insurance prior to August 6, 2014. Additionally, upon termination of our producer agreement with Guarantee Insurance, we and Guarantee Insurance agreed that there would be no further adjustments to commission income associated with changes in total premium for the term of the policy. Accordingly, we did not maintain an allowance for estimated return commission income pursuant to our producer agreement with Guarantee Insurance. Following the GUI Acquisition, we entered into a new agreement with Guarantee Insurance effective August 6, 2014 to provide marketing, underwriting and policyholder services. Guarantee Insurance records written premium on the effective date of the policy based on the estimated total premium for the term of the policy. Accordingly, we recorded an allowance for estimated return commission income of approximately $3.3 million for the year ended December 31, 2015, and $1.5 million for the period from August 6, 2014 to December 31, 2014. We experienced a significant increase in brokerage and policyholder services fee income from Guarantee Insurance as a result of the new agreement. We also generate fee income for establishing and administering segregated portfolio cell reinsurance arrangements for reinsurers that assume a portion of the underwriting risk from our insurance carrier clients, based on a flat annual fee which is recognize as revenue on a pro rata basis. Claims Administrative Services . We generate fee income for administering workers’ compensation claims for insurance and reinsurance companies, generally based on a percentage of earned premiums, grossed up for large deductible credits. We recognize this revenue over the period of time we are obligated to administer the claims as the underlying claims administration services are provided. For certain insurance and reinsurance carrier clients, the fee, which is based on a percentage of earned premiums grossed up for large deductible credits, represents consideration for our obligation to administer claims for a period of 24 months from the date of the first report of injury. For claims open longer than 24 months from the date of the first report of injury for these clients, we generate fee income for continuing to administer the claims, if so elected by the client, based on a fixed monthly fee which is recognized when earned. For certain other insurance and reinsurance clients, we have an obligation to administer the claims through their duration. We also generate fee income from non-related parties for administering workers’ compensation claims for state associations responsible for handling the claims of insolvent insurance companies based on a fixed amount per open claims per month. We generate fee income for services for insurance and reinsurance companies and other clients, including (i) claims investigative services, generally based on an hourly rate, (ii) loss control management services, based on a percentage of premium, (iii) workers’ compensation claimant transportation and translation services, generally based on an hourly rate, (iv) workers’ compensation claims subrogation services, based on a percentage of subrogation recovered on the date of recovery, (v) workers’ compensation claims legal bill review, based on a percentage of savings on the date that savings are established and (vi) certain other services, based on a fixed monthly fee. We generate fee income for negotiating and settling liens placed by medical providers on workers’ compensation claims for insurance and reinsurance companies and other clients, based on a percentage of savings resulting from the settlement of the lien. We recognize revenue from claims investigations, loss control service administration, claimant transportation and translation, claims subrogation services, workers’ compensation claims lien negotiations and reinsurance management services in the period that the services are provided. Fee income from related party represents fee income earned from Guarantee Insurance on brokerage and policyholder services and on claims administration services. Fee income earned from Guarantee Insurance for brokerage and policyholder services historically represents fees for soliciting applications for workers’ compensation insurance for Guarantee Insurance pursuant to a prior producer agreement that we acquired as part of the GUI Acquisition, based on a percentage of premiums written or other amounts negotiated by the parties. This agreement was terminated effective August 6, 2014. Following the GUI Acquisition, we entered into a new agreement with Guarantee Insurance effective August 6, 2014 to provide all of our brokerage and policyholder services. Accordingly, we experienced further significant increases in fee income from related party as a result of the agreement. Fee income earned from Guarantee Insurance for claims administration services is based on the net portion of claims expense retained by Guarantee Insurance pursuant to quota share reinsurance agreements between Guarantee Insurance, our third party insurance carrier clients and the segregated portfolio cell reinsurers that assume business written by Guarantee Insurance and such third party carriers. Certain fee income earned from segregated portfolio cell reinsurers is remitted to us by Guarantee Insurance on behalf of the segregated portfolio cell reinsurers. The allocation of marketing, underwriting and policy issuance costs from related party in our consolidated statements of operations represents costs reimbursed to Guarantee Insurance Group for rent and certain corporate administrative services. Management fees paid to related party for administrative support services in our consolidated statements of operations represent amounts paid to Guarantee Insurance Group for management oversight, legal, accounting, human resources and technology support services. Restricted Cash Restricted cash is comprised of amounts received from our clients to be used exclusively for the payment of claims on behalf of such clients. Fixed Assets and Other Long Term Assets (excluding Goodwill) Fixed assets are stated at cost, less accumulated depreciation. Expenditures for furniture and fixtures and computer equipment are capitalized and depreciated on a straight-line basis over a seven and five-year estimated useful life. Expenditures for leasehold improvements on office space and facilities are capitalized and amortized on a straight-line basis over the term of the lease. Other long term assets, which are solely comprised of capitalized policy and claims administration system development costs are also stated at cost, net of accumulated depreciation. Expenditures for capitalized policy and claims administration system development costs are capitalized and amortized on a straight line basis over a five-year estimated useful life. We periodically review all fixed assets and other long term assets that have finite lives for impairment whenever events or changes in circumstances indicate that the carrying amount may not be recoverable. Upon sale or retirement, the cost and related accumulated depreciation and amortization of assets disposed of are removed from the accounts, and any resulting gain or loss is reflected in earnings. Goodwill Goodwill represents the excess of consideration paid over the fair value of net assets acquired. Goodwill is not amortized, but is tested at least annually for impairment (or more frequently if certain indicators are present or management otherwise believes it is appropriate to do so). In the event that management determines that the value of goodwill has become impaired, we will record a charge for the amount of impairment during the fiscal quarter in which the determination is made. We determined that there was no impairment as of December 31, 2015. Commission Expense Commission expense represents consideration paid by us to insurance agencies for producing business. Services provided by insurance agencies are, in all material respects, provided prior to the issuance or renewal of an insurance policy. With respect to business written for insurance carrier clients who record written premium on the effective date of the policy, we record commission expense on the effective date of the policy based on the estimated total premium for the term of the policy, reduced by an allowance for estimated commission expense that may be returned by the insurance agencies to us due to net reductions in estimated total premium for the term of the policy, principally associated with mid-term policy cancellations. With respect to business written for insurance carrier clients who record written premium as premium is collected, we recognize commission expense as the premium is collected, reduced by an allowance for estimated commission expense that may be returned by the insurance agencies to us due to net returns of premiums previously written and collected. The income effects of subsequent commission expense adjustments are recorded when the adjustments become known. Income Taxes We file consolidated federal income tax returns which include the results of our wholly and majority owned subsidiaries, which became our subsidiaries effective November 27, 2013 or as part of the Patriot Care Management Acquisition effective August 6, 2014. The tax liability of our company and its wholly and majority owned subsidiaries is apportioned among the members of the group in accordance with the portion of the consolidated taxable income attributable to each member of the group, as if computed on a separate return. To the extent that the losses of any member of the group are utilized to offset taxable income of another member of the group, we take the appropriate corporate action to “purchase” such losses. To the extent that a member of the group generates any tax credits, such tax credits are allocated to the member generating such tax credits. Prior to November 27, 2013, two of our subsidiaries were S Corporations, electing to pass corporate income through to the sole shareholder for federal tax purposes. The then sole shareholder was responsible for reporting his share of the taxable income or loss from such subsidiaries to the Internal Revenue Service. Accordingly, our consolidated statements of operations for the years ended December 31, 2013 and 2012 do not include a provision for federal income taxes attributable to the operations of these subsidiaries for the period from January 1, 2013 to November 27, 2013 or for the year ended December 31, 2012. Effective November 27, 2013, concurrent with the Reorganization, these subsidiaries were converted to C Corporations and their taxable income became subject to U.S. corporate federal income taxes. Another subsidiary of ours has identified its tax status as a limited liability company, electing to be taxed as a pass through entity. Prior to November 27, 2013, such subsidiary’s members were responsible for reporting their share of the entity’s taxable income or loss to the Internal Revenue Service. Accordingly, our consolidated statements of operations for the years ended December 31, 2013 and 2012 do not include a provision for federal income taxes attributable to this subsidiary’s operations for the period from January 1, 2013 to November 27, 2013 or for the year ended December 31, 2012. Effective November 27, 2013, following the Reorganization, we are responsible for reporting our share of that entity’s taxable income. Another subsidiary of ours is domiciled in a non-U.S. jurisdiction and, accordingly, is not subject to U.S. federal income taxes. We have no current intention of distributing unremitted earnings of this subsidiary to its U.S. domiciled parent. The cumulative net loss from this foreign subsidiary is approximately $0.3 million. Additionally, we believe that it is not practical to calculate the potential liability associated with such distribution due to the fact that dividends received from this subsidiary could bring additional foreign tax credits, which could ultimately reduce the U.S. tax cost of the dividend, and significant judgment is required to analyze any additional local withholding tax and other indirect tax consequences that may arise due to the distribution of these earnings. Accordingly, pursuant to ASC 740 (Tax Provisions), deferred taxes have not been provided for these undistributed foreign earnings in our consolidated statements of operations for the years ended December 31, 2015, 2014 and 2013. The income tax benefit in our consolidated statements of operations, included elsewhere in this Annual Report on Form 10-K, includes a provision for income taxes attributable to the revenues and expenses associated with the contracts and certain other assets acquired and liabilities assumed in the GUI Acquisition, as if GUI were included in our consolidated federal income tax return. In determining the quarterly provision for income taxes, management uses an estimated annual effective tax rate based on forecasted annual pre-tax income (loss), permanent tax differences, statutory tax rates and tax planning opportunities in the various jurisdictions in which we operate. The impact of significant discrete items is separately recognized in the periods in which they occur. Fee Income Receivable and Fee Income Receivable from Related Party Fee income receivable and fee income receivable from related party are based on contracted prices. We assess the collectability of these balances and adjust the receivable to the amount expected to be collected through an allowance for doubtful accounts. As of December 31, 2015 and 2014, we maintained an allowance for doubtful accounts of approximately $0.3 million and $0.1 million, respectively. Segment Considerations We deliver our services to our customers through local offices in each region and financial information for our operations follows this service delivery model. All regions provide brokerage, underwriting and policyholder services as well as claims administration services. ASC 280, Segment Reporting, Section 280-10, establishes standards for the way that public business enterprises report information about operating segments in annual and interim consolidated financial statements. Our internal financial reporting is organized geographically, as discussed above, and managed on a geographic basis, with virtually all of our operating revenue generated within the United States. In accordance with ASC 280-10, multiple product offerings may be aggregated into a single operating segment for financial reporting purposes if aggregation is consistent with the objective and basic principles, if the segments have similar economic characteristics, and if the segments are similar in terms of (i) the nature of products and services, (ii) the nature of the production processes, (iii) the type or class of customer for their products and services and (iv) the methods used to distribute their products or provide their services. We believe each of our regional office operations meet these criteria, as each provides similar services and products to similar customers using similar methods of production and similar methods to distribute the services and products. Our products and services are generally offered as a complete and comprehensive outsourcing solution to its customers through a production process utilizing an integrated sales channel and technology platform that handles the entire brokerage, underwriting, policyholder services and claim administration services process. The operating results derived from the sale of brokerage and policyholder services and claims administration services are generally not reviewed separately by the our chief operating decision makers for purposes of assessing the performance of each service or making decisions about resources to be allocated to each service. Accordingly, we consider our business to operate in one segment. Business Combinations We account for business combinations using the acquisition method of accounting. This method requires the use of fair values in determining the carrying values of the purchased assets and assumed liabilities, which are recorded at fair value at acquisition date, and identifiable intangible assets are recorded at fair value. Costs directly related to the business combinations are recorded as expenses as they are incurred. Fair values are subject to refinement for up to one year after the closing date of an acquisition as information relative to closing date fair values become available. Public Offering Costs We recognized $1.2 million of expense for public offering costs in the year ended December 31, 2015, reflecting expenses incurred for the proposed secondary offering, which management terminated prior to completion. Costs incurred for the initial public offering were applied to net proceeds in the computation of equity. Acquisition Costs Acquisition costs reflect the direct expenses attributable to mergers and acquisitions activities. These include professional services, travel costs, and expenses for incentives paid to executives and key employees associated with completed acquisitions under the Acquisition Incentive Plan. Advance on Facilitation Agreement The company paid an advance of $2.0 million concurrent with the execution of a Managing Producer Agreement, for the purpose of initiating additional programs with certain carrier clients. The advance is subject to a clawback provision related to performance under the agreement effective eighteen months from the execution date of October 29, 2015. Stock Based Compensation We recognize compensation expense for awards of equity instruments to employees based on the grant-date fair value of those awards, with limited exceptions, over the requisite service period. Earnings per Share Basic earnings per share is computed based on the weighted average number of shares of common stock outstanding during the period. Diluted earnings per share is computed based on the weighted average number of shares of common stock plus the effect of dilutive potential common shares outstanding during the period using the treasury stock method. Dilutive potential common shares include detachable common stock warrants, stock-based awards of restricted shares and stock options, and contingent shares attributable to deferred purchase consideration. JOBS Act The JOBS Act contains provisions that, among other things, allows an emerging growth company to take advantage of specified reduced reporting requirements. In particular, the JOBS Act provides that an emerging growth company can utilize the extended transition period provided in Section 7(a)(2)(B) of the Securities Act for complying with new or revised accounting standards. We have elected to take advantage of such extended transition period, and, as a result, we will not be required to comply with new or revised accounting standards on the relevant dates on which adoption of such standards is required for companies that are not emerging growth companies. Recently Issued Financial Accounting Standards In February, 2016 The FASB issued an Accounting Standards Update (ASU) intended to improve financial reporting about leasing transactions. The ASU affects all companies and other organizations that lease assets such as real estate, airplanes, and manufacturing equipment. The ASU will require organizations that lease assets—referred to as “lessees”—to recognize on the balance sheet the assets and liabilities for the rights and obligations created by those leases. Under the new guidance, a lessee will be required to recognize assets and liabilities for leases with lease terms of more than 12 months. Consistent with current Generally Accepted Accounting Principles (GAAP), the recognition, measurement, and presentation of expenses and cash flows arising from a lease by a lessee primarily will depend on its classification as a finance or operating lease. However, unlike current GAAP—which requires only capital leases to be recognized on the balance sheet—the new ASU will require both types of leases to be recognized on the balance sheet. The ASU also will require disclosures to help investors and other financial statement users better understand the amount, timing, and uncertainty of cash flows arising from leases. These disclosures include qualitative and quantitative requirements, providing additional information about the amounts recorded in the financial statements. The ASU on leases will take effect for public companies for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2018. For all other organizations, the ASU on leases will take effect for fiscal years beginning after December 15, 2019, and for interim periods within fiscal years beginning after December 15, 2020. Early application will be permitted for all organizations. The company is currently reviewing the impact that implementing this ASU will have. In November 2015, the FASB issued new accounting guidance related to income taxes, which simplifies the presentation of deferred income taxes by requiring deferred tax assets and liabilities be classified as noncurrent on the balance sheet. The updated standard is effective for us beginning on January 1, 2017 with early application permitted as of the beginning of any interim or annual reporting period. We plan to adopt the new guidance in 2016, which is not expected to have a material impact on our consolidated financial statements other than reclassifying current deferred tax assets and liabilities to noncurrent in the balance sheet. See Note 16 to our consolidated financial statements for a discussion on income tax balances In September 2015, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") 2015-16, “Simplifying the Accounting for Measurement-Period Adjustments”, an update to Accounting Standard Codification (“ASC”) Business Combinations In April 2015, the FASB issued ASU 2015-03, “Simplifying the Presentation of Debt Issuance Costs”. The update requires that debt issuance costs related to a recognized debt liability be presented in the balance sheet as a direct deduction from the carrying amount of the related debt liability instead of being presented as an asset. The update requires retrospective application. ASU 2015-03 is effective for fiscal years, and interim reporting periods within those years, beginning after December 15, 2015. We are currently evaluating the financial impact of this standard. In August 2014, the FASB issued ASU ASC Presentation of Financial Statements – Going Concern In May 2014, the FASB issued ASU Revenue from Contracts with Customers In April 2014, the FASB issued ASU 2014-08, “Reporting Discontinued Operations”, regarding ASC Topic 205, Presentation of Financial Statements Property, Plant and Equipment

Business Combinations

Business Combinations	12 Months Ended
	Dec. 31, 2015
Business Combinations [Abstract]
Business Combinations	3. Business Combinations The Company completed seventeen acquisitions during 2015. We acquired substantially all of the net assets of the following companies in cash and stock transactions. These acquisitions have been accounted for using the acquisition method for recording business combinations, except for DecisionUR, as further discussed below. Name and Effective Date of Acquisition (In thousands): Cash Paid Stock Issued Accrued Liability Deferred Purchase Consideration Recorded Earnout Payable Maximum Potential Earnout Payable Total Recorded Purchase Price Phoenix Risk Management, Inc (January 31, 2015) $ 1,099 $ — $ — $ — $ 2,435 $ 3,000 $ 3,534 DecisionUR, LLC (February 5, 2015) 2,240 — 23 — — — 2,240 Capital & Guaranty, LLC (February 9, 2015) 175 — — — 175 175 350 TriGen Holding Group, Inc (March 31, 2015) 3,340 — 3,364 4,456 1,433 1,500 9,228 Hospitality Supportive Systems, LLC (April 1, 2015) 9,650 — — — — — 9,650 Selective Risk Management, LLC (April 1, 2015) 3,846 — — — — — 3,846 Vikaran Solutions, LLC (April 17, 2015) 8,500 — 152 — — — 8,500 Corporate Claims Management, Inc (April 24, 2015) 7,900 — 4,434 — 825 1,000 8,725 Candid Investigation Services, LLC (May 8, 2015) 1,184 — — — 216 300 1,400 Brandywine Insurance Advisors, LLC (May 22, 2015) 3,000 — — — 220 1,205 3,220 Infinity Insurance Solutions, LLC (June 1, 2015) 1,750 — 100 — 552 650 2,302 InsureLinx, Inc (June 12, 2015) 6,300 — 1,840 — — — 6,300 The Carman Corporation (June 15, 2015) 2,000 — — — — — 2,000 CWI Benefits, Inc (July 9, 2015) 2,480 — 2,061 — 3,400 4,675 5,880 Restaurant Coverage Associates, Inc (August 14, 2015) 750 — — — 1,725 1,825 2,475 Risk Control Associates, Inc (August 14, 2015) 250 — 650 — 575 675 825 Global HR Research LLC (August 21, 2015) 28,739 10,898 2,679 1,672 — — 41,309 Total $ 83,203 $ 10,898 $ 15,303 $ 6,128 $ 11,556 $ 15,005 $ 111,784 The Company acquired DecisionUR from Six Points Investment Partners, LLC, a company under common control. However, results of operations for DecisionUR are included from acquisition date, as its operations are immaterial with respect to the financial statements taken as a whole for all periods presented. In connection with the acquisition of Vikaran we also agreed to purchase all of the outstanding stock of Mehta and Pazol Consulting Services Private Limited (“MPCS”), an Indian company which holds Vikaran’s software development center located in Pune, India, for a purchase price of approximately $1.5 million. We consummated the purchase of 51% of the MPCS stock, treated as a deemed dividend for the common control interest contributed by Mr. Mariano. The “maximum potential earnout payables” disclosed in the foregoing table represent the maximum amount of additional consideration that could be paid pursuant to the terms of the purchase agreement for the applicable acquisition. The “recorded earnout payables” disclosed in the foregoing table are primarily based upon the estimated future operating results of the acquired entities over a one- to three-year period subsequent to the acquisition date. The recorded earnout payables are measured at fair value as of the acquisition date and are included on that basis in the total recorded purchase price in the foregoing table. We will record subsequent changes in these estimated earnout obligations, including the accretion of discount, in our statement of operations when incurred. The fair value of these earnout obligations is based on the present value of the expected future payments to be made to the sellers of the acquired entities in accordance with the provisions outlined in the respective purchase agreements, which is a Level 3 fair value measurement, as discussed further in Note 11, Fair Value of Financial Assets and Liabilities The aggregate amount of maximum earnout obligations related to acquisitions made in 2015, as of December 31, 2015 was $15.0 million, of which $12.4 million was recorded in our consolidated balance sheet as of December 31, 2015, based on the aggregate estimated fair value of the expected future payments to be made. Of the $12.4 million fair value earnout payable on our balance sheet as of December 31, 2015, $11.6 million represents the recorded earnout payable at the time of acquisition, and a $0.8 million increase in the fair value of earnout expensed during the year ended December 31, 2015. The initial purchase price for our acquisition, effective August 21, 2015, of Global HR Research, LLC consisted of (a) $24 million in cash, of which, $0.5 million is held in escrow, (b) 444,096 shares of our common stock (the “Stock Consideration”) of which 349,645 were issued and 94,451 were held in escrow, plus (c) certain deferred consideration payable, at our sole discretion, in either 618,478 shares of our common stock or $10,477,017 in cash (the “Deferred Consideration”). The Deferred Consideration was subsequently paid to In Touch Holdings LLC, one of the former principal stockholders of Global HR, on November 20, 2015 for $5.2 million in cash and 309,239 shares of our common stock, raising “Cash Paid” to $28.7 million and “Stock Issued” to $10.9 million. Additionally, 22,556 shares of the 94,451 shares of stock consideration that were held in escrow have been cancelled as settlement of a working capital reconciliation pursuant to the purchase agreement. 71,895 shares of the stock consideration remain held for issuance on the anniversary of the acquisition. If the revenues for Global HR for its fiscal year 2016 are less than $12.8 million, then In Touch Holdings LLC will forfeit and return 10% of its Stock Consideration and Deferred Stock Consideration to us. The deferred purchase consideration disclosed in the foregoing table represents non-contingent purchase consideration payable to sellers. These include $4.5 million payable to a seller of TriGen Holding Group, Inc. on the first anniversary of the effective date, deferred stock consideration of $1.2 million and cash escrow amounts of $0.5 million to sellers of Global HR Research LLC payable on the anniversary of the effective date, all recorded at fair value. The following is a summary of the aggregate estimated fair values of the net assets acquired at the date of each of the acquisitions made in the nine months ended December 31, 2015: In thousands Total Assets Acquired: Cash $ 2,316 Restricted cash 6,591 Accounts receivable 4,840 Fixed assets 2,002 Other assets 2,272 Goodwill 56,648 Intangible assets: Customer & carrier relationships 31,039 Service contracts 320 Non-compete agreements 4,739 Developed technology 13,268 Trade name portfolio 3,029 Total intangible assets 52,395 Total assets acquired 127,064 Liabilities assumed 15,280 Total net assets acquired $ 111,784 The net assets acquired are preliminary and subject to measurement period adjustments. In accordance with FASB ASC 350, Intangibles—Goodwill and Other, intangible assets, which are comprised of the estimated fair value of the service contracts acquired, customer and carrier relationships, non-compete agreements, developed technology and trade names are being amortized over the respective estimated life, ranging from two to ten years, in a manner that, in management’s opinion, reflects the pattern in which the intangible asset’s future economic benefits are expected to be realized. Intangible assets are tested for impairment at least annually (more frequently if certain indicators are present). In the event that management determines that the value of the intangible asset has become impaired, the company will incur an accounting charge for the amount of impairment during the fiscal quarter in which the determination is made. Provisional estimates of fair value and the allocation of the purchase price are established at the time of each acquisition and are subsequently reviewed within the first year of operations, the measurement period, following the acquisition date to determine the necessity for adjustments. The fair value of the tangible assets and liabilities for each applicable acquisition at the acquisition date approximated their carrying values. We estimate the fair value as the present value of the benefits anticipated from ownership of the subject customer list in excess of returns required on the investment in contributory assets necessary to realize those benefits. The rate used to discount the net benefits was based on a risk-adjusted rate that takes into consideration market-based rates of return and reflects the risk of the asset relative to the acquired business. These discount rates generally ranged from 17% to 30% for our 2015 acquisitions. The fair value of non-compete agreements was established using estimated financial projections for the acquired company based on market participant assumptions and various non-compete scenarios. Customer and carrier relationships, non-compete agreements and trade names related to our acquisitions are amortized using the straight-line method over their estimated useful lives (ten years for customer and carrier relationships, one to two years for non-compete agreements and five to seven years for trade names), while goodwill is not subject to amortization. We use the straight-line method to amortize these intangible assets. We review all of our intangible assets for impairment periodically (at least annually) and whenever events or changes in business circumstances indicate that the carrying value of the assets may not be recoverable. In reviewing intangible assets, if the fair value is less than the carrying amount of the respective (or underlying) asset, an indicator of impairment would exist, and further analysis would be required to determine whether or not a loss would need to be charged against current period earnings. Based on the results of impairment reviews during the years ended December 31, 2015 and 2014, no impairments were required. Our consolidated financial statements for the year ended December 31, 2015 include the operations of the acquired entities from their respective acquisition dates, totaling $36.0 million of revenues and $2.0 million of net loss. The following is a summary of the unaudited pro forma historical results, as if these entities and the 2014 acquisitions described below had been acquired at January 1, 2014 (in thousands, except per share data): For the Year Ended December 31, In thousands (except per share data) 2015 2014 Total revenues 235,248 197,449 Net (loss) income (4,260 ) 13,545 Basic net (loss) income per share $ (0.16 ) $ 0.86 Diluted net (loss) income per share (0.16 ) 0.86 This unaudited supplemental pro forma financial information includes the results of operations of acquired businesses presented as if they had been combined as of January 1, 2014. The unaudited supplemental pro forma financial information has been provided for illustrative purposes only. The unaudited supplemental pro forma financial information does not purport to be indicative of the actual results that would have been achieved by the combined companies for the periods presented, or of the results that may be achieved by the combined companies in the future. Future results may vary significantly from the results reflected in the following unaudited supplemental pro forma financial information because of future events and transactions, as well as other factors, many of which are beyond the Company’s control. The Company completed several acquisitions during 2014. These acquisitions have been accounted for using the acquisition method for recording business combinations. Acquisition of GUI’s Contracts and Certain Other Assets and Assumption of Certain Liabilities Effective August 6, 2014, the Company acquired (i) all of GUI’s inforce contracts with third party insurance companies and, with respect to the aforementioned producer agreement, Guarantee Insurance and (ii) GUI’s capitalized policy and claims administration system development costs, computer equipment and leasehold improvements for approximately $55.1 million. Additionally, effective August 6, 2014, the Company entered into an agreement to provide marketing, underwriting and policy issuance services to Guarantee Insurance. Revenues and expenses associated with this agreement are reflected in the accompanying consolidated statement of operation for the years ended December 31, 2015 and 2014. The total purchase price was comprised of the following consideration (in thousands): In thousands Cash $ 30,000 Note receivable from related party, including accrued interest thereon, transferred to GUI 28,821 Certain receivable balances transferred to GUI, net of allowance for uncollectible fee income receivable of $2,544 — Less settlement of amounts payable to GUI (3,744 ) Total Purchase Price $ 55,077 Because the Company and GUI are under common control, as discussed in Note 1, the Company recognized the net identifiable assets acquired at GUI’s carrying amounts pursuant to the FASB ASC 805, Business Combinations In thousands Capitalized policy and claims administration software development costs $ 13,645 Computer equipment, furniture and fixtures 2,947 Leasehold improvements 2,291 Total fixed assets 18,883 Less accumulated depreciation (7,444 ) Gross identifiable assets acquired 11,439 Less capital lease obligation assumed, including accrued interest thereon (5,512 ) Net Identifiable Assets Acquired $ 5,927 The consideration paid in excess of GUI’s carrying amounts for the net assets acquired as of August 6, 2014, which was charged to equity as a deemed dividend, was as follows (in thousands): In thousands Total consideration $ 55,077 Less net identifiable assets acquired (5,927 ) Deemed dividend 49,150 Deferred tax asset (19,114 ) Valuation allowance 6,258 Net Deemed Dividend $ 36,294 In connection with the GUI acquisition on August 6, 2014, the Company recognized a deferred tax asset of approximately $19.1 million associated with the purchased intangibles related to the GUI contracts and a valuation allowance of $6.3 million as of, which fully offsets the deferred tax asset in excess of total deferred tax liabilities. Pursuant to FASB ASC 805, Business Combinations In connection with the acquisition, on August 6, 2014, the Company amended the loan agreement (the “PennantPark Loan Agreement”) originally entered into on November 27, 2013, with PennantPark Investment Corporation and certain of its affiliates (collectively, the “PennantPark Entities”), as described more fully in Note 7. Merger of SPV2 with and into Patriot Care, Inc. and Acquisition of PCM Merger of SPV2 with and into Patriot Care, Inc. Effective August 6, 2014, SPV2, which owned the MCMC Units, was merged with and into Patriot Care, Inc., a subsidiary of the Company. Patriot Care, Inc. continued as the surviving corporation. Because Patriot Care, Inc. and SPV2 were under common control, Patriot Care, Inc. recognized the net identifiable assets acquired at SPV2’s carrying amounts as of the acquisition date pursuant to the FASB ASC 805, Business Combinations Total consideration paid by Patriot Care, Inc. for 100% of the outstanding common shares of SPV2 was $20.0 million, comprised of (i) 3,043,485 shares of the Company’s common stock with a fair value of $19.5 million issued to the stockholders of SPV2 and (ii) approximately $471,000 in cash. The fair value of the common stock issued by the Company to SPV2 stockholders and the cash consideration was based on a preliminary estimated valuation of the 3,043,485 shares of the Company’s common stock, made by the board of directors of the Company in consultation with the Company’s management. The consideration paid in excess of SPV2’s carrying amounts for the net assets acquired as of August 6, 2014, which was charged to equity as a deemed dividend, was as follows (in thousands): In thousands Total consideration $ 19,971 Less net identifiable assets acquired (7,721 ) Deemed dividend $ 12,250 Simultaneous with the merger of SPV2 with and into Patriot Care, Inc., the Company, through Patriot Care, Inc., acquired 100% of the outstanding common stock of MCRS Holdings, Inc., a managed care services company, for approximately $77.4 million. The purchase price was comprised of $52.5 million in cash upon closing, and $3.3 million of working capital adjustments payable to the sellers and the redemption of the MCMC Units to MCMC Holdings, LLC, the ultimate parent of MCRS Holdings, Inc. The Company attributed a fair value of $21.6 million to the MCMC Units. The fair value of the MCMC Units was determined by management based on the sum of (1) the fair value of MCMC Holdings, LLC pursuant to a stock purchase agreement entered into between MCMC Holdings, LLC and a third party acquirer on October 21, 2014, multiplied by the percentage of MCMC Holdings, LLC represented by the MCMC Units redeemed by the Company pursuant to the acquisition of PCM and (2) the total purchase price for MCRS Holdings, Inc. of approximately $77.4 million multiplied by the same percentage of MCMC Holdings, LLC represented by the MCMC Units redeemed by the Company pursuant to the acquisition of PCM. The sale of MCMC Holdings, LLC to the third party acquirer, which was consummated effective December 2, 2014, was a 100% consideration arms-length transaction with an unrelated third party for 100% of outstanding membership units of MCMC Holdings, LLC subsequent to the Company’s acquisition of MCRS Holdings, Inc. Accordingly, management deemed the above method of assessing the fair value of the MCMC Units as reasonable under the circumstances. The excess of the $21.6 million fair value of the MCMC Units over the $7.7 million carrying value, or approximately $13.9 million, is included in net realized gains from investments in the accompanying combined statement of operations for the year ended December 31, 2014. Upon the acquisition, MCRS Holdings, Inc. was renamed PCM. Revenues and expenses prior to August 6, 2014 are not reflected in the Company’s financial results included herein. The acquisition of PCM was accounted for by application of the acquisition method as required by FASB ASC 805, Business Combinations Business The fair value of net identifiable tangible and intangible assets, as of the acquisition date, was as follows (in thousands): In thousands Cash $ 912 Fee income receivable 413 Fee income receivable from related party 3,142 Income tax recoverable 186 Deferred tax asset 967 Other assets 572 Total Current Assets 6,192 Fixed assets, net 99 Intangible assets 34,800 Total Assets 41,091 Accounts payable and accrued expenses (1,309 ) Deferred tax liability (13,920 ) Net Identifiable Assets Acquired $ 25,862 Goodwill as of August 6, 2014, recognized as a result of the acquisition, was as follows (in thousands): In thousands Total consideration $ 77,402 Less net identifiable assets acquired (25,862 ) Goodwill $ 51,540

Equity and Fixed Income Securit

Equity and Fixed Income Securities	12 Months Ended
	Dec. 31, 2015
Investments Debt And Equity Securities [Abstract]
Equity and Fixed Income Securities	4. Equity and Fixed Income Securities Equity and fixed income security investments are carried at fair value. We classify these investments as a trading portfolio with c As of December 31, 2015, our major classes of investments consisted of the following: As of December 31, 2015 In thousands Cost Basis Unrealized Gains Unrealized Losses Fair Value Equity and Fixed Income Security Investments Common and preferred stocks $ 429 $ — $ (45 ) $ 384 Corporate notes and bonds 2,939 — (150 ) 2,789 Total $ 3,368 $ — $ (195 ) $ 3,173 There were no investments as of December 31, 2014.

Fixed Assets And Other Long Ter

Fixed Assets And Other Long Term Assets	12 Months Ended
	Dec. 31, 2015
Fixed Assets And Other Long Term Assets [Abstract]
Fixed Assets And Other Long Term Assets	5 . Fixed Assets and Other Long Term Assets Fixed Assets Fixed assets are stated at cost, less accumulated depreciation and amortization. Expenditures for computer equipment, software, and furniture and fixtures are capitalized and depreciated on a straight-line basis over a five, three, and seven year estimated useful lives, respectively. Expenditures for building are capitalized and depreciated on a straight-line basis over a thirty-nine year estimated useful life. Expenditures for leasehold improvements on office space and facilities are capitalized and amortized on a straight-line basis over the term of the lease. As of December 31, 2015 and 2014, major classes of fixed assets consist of the following (in thousands): As of December 31, In thousands 2015 2014 Fixed Assets Computer equipment, software and furniture and fixtures $ 8,124 $ 5,722 Building 1,428 - Leasehold improvements 3,733 2,545 Total fixed assets 13,285 8,267 Less accumulated depreciation and amortization (8,193 ) (6,388 ) Fixed assets, net of accumulated depreciation and amortization $ 5,092 $ 1,879 Other Long Term Assets Other long term assets, which are solely comprised of capitalized policy and claims administration system development costs, are also stated at cost, net of accumulated depreciation. Expenditures for capitalized policy and claims administration system development costs are capitalized and depreciated on a straight line basis over a five-year estimated useful life. As of December 31, 2015 and 2014, other long term assets consisted of the following (in thousands): As of December 31, In thousands 2015 2014 Other long term assets Capitalized policy and claims administration system development costs $ 17,712 $ 13,093 Less accumulated depreciation (6,284 ) (3,251 ) Other long term assets, net of accumulated depreciation $ 11,428 $ 9,842 We periodically review all fixed assets and other long term assets that have finite lives for impairment whenever events or changes in circumstances indicate that the carrying amount may not be recoverable. Upon sale or retirement, the cost and related accumulated depreciation and amortization of assets disposed of are removed from the accounts, and any resulting gain or loss is reflected in earnings.

Goodwill and Other Intangible A

Goodwill and Other Intangible Assets	12 Months Ended
	Dec. 31, 2015
Goodwill And Intangible Assets Disclosure [Abstract]
Goodwill and Other Intangible Assets	6 . Goodwill and Other Intangible Assets Goodwill Goodwill represents the excess of consideration paid over the fair value of net assets acquired. Goodwill is not amortized, but is tested at least annually for impairment (or more frequently if certain indicators are present or management otherwise believes it is appropriate to do so). In the event that management determines that the value of goodwill has become impaired, we will record a charge for the amount of impairment during the fiscal quarter in which the determination is made. We determined that there was no impairment required as of December 31, 2015. The Company acquired $56.6 million of goodwill during the year ended December 31, 2015 as a result of the seventeen acquisitions discussed in Note 3, Business Combinations As of December 31, In thousands 2015 2014 Goodwill Balance at January 1, 2015 and 2014 $ 61,493 $ 9,953 Goodwill acquired during the year 56,648 51,540 Balance as of December 31, 2015 and 2014 $ 118,141 $ 61,493 Intangible Assets Intangible assets that have finite lives are amortized over their useful lives. The company acquired $52.4 million of intangible assets during the year ended December 31, 2015 as a result of the seventeen acquisitions discussed in Note 3, Business Combinations December 31, 2015 December 31, 2014 In thousands Gross Asset Accumulated Amortization Net Asset Gross Asset Accumulated Amortization Net Asset Intangible Assets Service contracts $ 35,120 $ (6,204 ) $ 28,916 $ 34,800 $ (1,812 ) $ 32,988 Customer and carrier relationships 31,039 (1,947 ) 29,092 — — — Non-compete agreements 4,739 (1,505 ) 3,234 — — — Developed technology 13,268 (1,647 ) 11,621 — — — Trade names 3,029 (211 ) 2,818 — — — Total $ 87,195 $ (11,514 ) $ 75,681 $ 34,800 $ (1,812 ) $ 32,988 As of December 31, 2015 the table below is the estimated amortization expense for the Company’s intangible assets for each of the next five years and thereafter: In thousands December 31, 2015 Amortization expense 2016 $ 12,953 2017 11,438 2018 10,599 2019 10,599 2020 8,958 Thereafter 21,134 Total $ 75,681

Notes Payable and Lines of Cred

Notes Payable and Lines of Credit	12 Months Ended
	Dec. 31, 2015
Debt Disclosure [Abstract]
Notes Payable and Lines of Credit	7 . Notes Payable and Lines of Credit Notes payable, including accrued interest thereon, were comprised of the following (in thousands): As of December 31, In thousands 2015 2014 BMO Senior Secured Term Loans $ 106,500 $ — PennantPark Loan Agreement — 63,285 UBS Credit Agreement — 56,288 Gross Notes Payable and Current Portion of Notes Payable 106,500 119,573 Less original issue discount — (3,085 ) Less value attributable to stock warrants — (5,667 ) Notes Payable and Current Portion of Notes Payable 106,500 110,821 Less current portion of notes payable (5,500 ) (15,782 ) Notes Payable $ 101,000 $ 95,039 Senior Secured Credit Facility On January 22, 2015, we entered into a Credit Agreement with BMO Harris Bank N.A., as administrative agent (the “Administrative Agent”), and the other lenders party thereto, which provides for a $40.0 million revolving credit facility and a $40.0 million term loan facility (the “Senior Secured Credit Facility”). The Senior Secured Credit Facility has a maturity of five years, and borrowings thereunder bear interest, at our option, at LIBOR plus a margin ranging from 250 basis points to 325 basis points or at base rate plus a margin ranging from 150 basis points to 225 basis points. Margins on all loans and fees will be increased by 2% per annum during the existence of an event of default. The revolving credit facility includes borrowing capacity available for letters of credit and borrowings on same-day notice, referred to as swing line loans. At any time prior to maturity, we have the right to increase the size of the revolving credit facility or the term loan facility by an aggregate amount of up to $20.0 million, but in minimum increments of $5.0 million. As of June 30, 2015, we increased the term loan facility by $20.0 million through two $10.0 million incremental term loans. Additionally, on August 14, 2015, we entered into a second amendment to our Senior Secured Credit Facility (the “Second Amendment”) which provides for an additional $50.0 million of term loans plus the ability to increase the term loan by and additional $50.0 million under certain conditions. The Second Amendment also added a requirement that until we deliver a certificate certifying that (a) our total leverage ratio is equal to or less than 2.25 to 1.00 and (b) our Adjusted EBITDA for the twelve-months then ended is at least $70.0 million, the outstanding revolving loans (plus any swing line loans and the aggregate stated amount of all letters of credit) shall not exceed $30.0 million. On December 23,2015 we entered into a third amendment, which permits Patriot to exercise the provisions of the Rescission and Exchange Agreement for the private placement of company stock and warrants, and related Back-to-Back Agreement with the selling shareholder, as described in Related Party transactions. On March 3, 2016, we entered into a fourth amendment, which permits Patriot to repurchase shares of its outstanding common stock pursuant to certain volume and timing limitations. All other material terms and conditions in the Senior Secured Credit Facility were unchanged by the amendments. As of December 31, 2015, the outstanding balance under our Senior Secured Credit Facility was $124.5 million (comprised of $106.5 million outstanding under the term loan facility and $18.0 million outstanding under the revolving credit facility). Accordingly, we had $22.0 million available to borrow under the revolving credit facility. In addition to paying interest on outstanding principal under the Senior Secured Credit Facility, we are required to pay a commitment fee to the Administrative Agent for the ratable benefit of the lenders under the revolving credit facility in respect of the unutilized commitments thereunder, ranging from 35 basis points to 50 basis points, depending on specified leverage ratios. With respect to letters of credit, we are also required to pay a per annum participation fee equal to the applicable LIBOR margin on the face amount of each letter of credit as well as a fee equal to 0.125% on the face amount of each letter of credit issued (or the term of which is extended). This latter 0.125% fee is payable to the issuer of the letter of credit for its own account, along with any standard documentary and processing charges incurred in connection with any letter of credit. The term loan facility amortizes quarterly beginning the first full quarter after the closing date at a rate of 5% per annum of the original principal amount during the first two years, 7.5% per annum of the original principal amount during the third and fourth years and 10% per annum of the original principal amount during the fifth year, with the remainder due at maturity. Principal amounts outstanding under the revolving credit facility are due and payable in full at maturity. In the event of any sale or other disposition by us or our subsidiaries guaranteeing the Senior Secured Credit Facility (as described below) of any assets with certain exceptions, we are required to prepay all proceeds received from such a sale towards the remaining scheduled payments of the term loan facility. Additionally, all obligations under the Senior Secured Credit Facility (as described below) are guaranteed by all of our existing and future subsidiaries, other than foreign subsidiaries to the extent the assets of such foreign subsidiaries do not exceed 5% of our and our subsidiaries’ total assets on a consolidated basis, and secured by a first-priority perfected security interest in substantially all of our and our guaranteeing subsidiaries’ tangible and intangible assets, whether now owned or hereafter acquired, including a pledge of 100% of the stock of each guarantor. The Senior Secured Credit Facility contains certain covenants that, among other things and subject to significant exceptions, limit our ability and the ability of our restricted subsidiaries to engage in certain business and financing activities and that require us to maintain certain financial covenants, including requirements to maintain (i) a maximum total leverage ratio of total outstanding debt to adjusted EBITDA for the most recently-ended four fiscal quarters of no more than 300% and (ii) a minimum fixed charge coverage ratio of adjusted EBITDA to the sum of cash interest expense (which amount shall be calculated on an annualized basis for the three-, six-, and nine-month periods ended March 31, 2015, June 30, 2015 and September 30, 2015) plus income tax expense (or less any income tax benefits) plus capital expenditures plus dividends, share repurchases and other restricted payments plus regularly scheduled principal payments of debt for the same period of a least 150% for the most recently ended four quarters. The Senior Secured Credit Facility allows us to pay dividends in an amount up to 50% of our net income if certain other financial conditions are met. The Senior Secured Credit Facility contains other restrictive covenants, including those regarding: indebtedness (including capital leases) and guarantees; liens; operating leases; investments and acquisitions; loans and advances; mergers, consolidations and other fundamental changes; sales of assets; transactions with affiliates; no material changes in nature of business; dividends and distributions, stock repurchases, and other restricted payments; change in name, jurisdiction of organization or fiscal year; burdensome agreements; and capital expenditures. The Senior Secured Credit Facility also has events of default that may result in acceleration of the borrowings thereunder, including: (i) nonpayment of principal, interest, fees or other amounts (subject to customary grace periods for items other than principal); (ii) failure to perform or observe covenants set forth in the loan documentation (subject to customary grace periods for certain affirmative covenants); (iii) any representation or warranty proving to have been incorrect in any material respect when made; (iv) cross-default to other indebtedness and contingent obligations in an aggregate amount in excess of an amount to be agreed upon; (v) bankruptcy and insolvency defaults (with grace period for involuntary proceedings); (vi) inability to pay debts; (vii) monetary judgment defaults in excess of an agreed upon amount; (viii) ERISA defaults; (ix) change of control; (x) actual invalidity or unenforceability of any loan document, any security interest on any material portion of the collateral or asserted (by any loan party) invalidity or unenforceability of any security interest on any collateral; (xi) actual or asserted (by any loan party) invalidity or unenforceability of any guaranty; (xii) material unpaid, final judgments that have not been vacated, discharged, stayed or bonded pending appeal within a specified number of days after the entry thereof; and (xiii) any other event of default agreed to by us and the Administrative Agent. As of December 31, 2015, we were in compliance with the financial and other restrictive covenants under our outstanding material debt obligations, including our Senior Secured Credit Facility. Repayment of UBS Credit Agreement On August 6, 2014, in connection with the Patriot Care Management Acquisition, we and certain of our subsidiaries entered into a credit agreement with UBS Securities LLC (the “UBS Credit Agreement”), which provided for a five-year term loan facility in an aggregate principal amount of $57.0 million that would mature on August 6, 2019. The loan was secured by the common stock of Patriot Care Management and guaranteed by Guarantee Insurance Group and its wholly owned subsidiaries. Following our initial public offering (the “IPO”), on January 22, 2015 we prepaid all outstanding borrowings under the UBS Credit Agreement, including accrued interest and applicable prepayment premium. This instrument was repaid in full upon closing on the Senior Secured Credit Facility. Repayment of PennantPark Loan Agreement On August 6, 2014, in connection with the GUI Acquisition, we and certain of our subsidiaries, as borrowers, and certain of our other subsidiaries and certain affiliated entities, as guarantors, entered into a loan agreement with the PennantPark Entities as lenders (the “PennantPark Loan Agreement”). Following our IPO, we prepaid all outstanding borrowings under the PennantPark Loan Agreement, including accrued interest and applicable prepayment premium. This instrument was repaid in full on January 22, 2015 upon closing on the Senior Secured Credit Facility.

Capital Lease Obligations

Capital Lease Obligations	12 Months Ended
	Dec. 31, 2015
Debt Disclosure [Abstract]
Capital Lease Obligations	8 . Capital Lease Obligations Equipment subject to capital lease is comprised of computer equipment related to capitalized policy and claims administration software development. Monthly payments on the capital lease, which expires on December 3, 2016, were approximately $206,000 as of December 31, 2015. Payments may be adjusted in connection with a change in the interest rate swap rate quoted in the Bloomberg Swap Rate Report. The Company’s obligations for future payments on the capital lease as of December 31, 2015, based on the interest rate swap rate in effect on that date, are as follows: In thousands Principal Interest Total Payments on Capital Lease 2016 2,232 43 2,275 Total $ 2,232 $ 43 $ 2,275

Earnings Per Share

Earnings Per Share	12 Months Ended
	Dec. 31, 2015
Earnings Per Share [Abstract]
Earnings Per Share	9. Earnings Per Share Basic earnings per share is computed based on the weighted average number of shares of common stock outstanding during the period. Diluted earnings per share is computed based on the weighted average number of shares of common stock plus the effect of dilutive potential common shares outstanding during the period using the treasury stock method. Dilutive potential common shares include detachable common stock warrants, stock-based awards of restricted shares and stock options, and contingent shares attributable to deferred purchase consideration. The components of basic and diluted EPS are as follows: For the Year Ended December 31, In thousands (except earnings per share) 2015 2014 2013 Basic net earnings (loss) per share Net income (loss) available to common shareholders $ (5,375 ) $ 10,414 $ (6,186 ) Weighted average number of common shares outstanding 26,425 15,754 14,288 Basic net earnings (loss) per share $ (0.20 ) $ 0.66 $ (0.43 ) Diluted net earnings (loss) per share Net income (loss) available to common shareholders $ (5,375 ) $ 10,414 $ (6,186 ) Adjustments to net income (loss) applicable to dilutive shares — — — Net earnings (loss) attributable to diluted shares $ (5,375 ) $ 10,414 $ (6,186 ) Weighted average number of common shares outstanding 26,425 15,754 14,288 Dilutive effect of warrants, options, and restricted shares using the treasury stock method — — — Weighted average number of common and common equivalent shares outstanding 26,425 15,754 14,288 Diluted net earnings (loss) per share $ (0.20 ) $ 0.66 $ (0.43 ) Basic earnings per share is based on weighted average shares outstanding and excludes dilutive effects of detachable common stock warrants and stock options. Diluted earnings per share assumes the exercise of all detachable common stock warrants and stock options using the treasury stock method. Due to the net loss of $5.4 million reported for the year ended December 31, 2015, weighted average outstanding equity grants representing 215,865 shares of common stock and weighted average warrants representing 10,685 shares of common stock were not dilutive. As a result, basic and diluted earnings per share both reflect a net loss of $0.20 per share for the year ended, December 31, 2015. Due to $1.8 million expense resulting from the increase in fair value of warrants for the year ended December 31, 2014, weighted average outstanding detachable common stock warrants representing 1,109,445 shares of common stock outstanding were not dilutive. Due to a net loss for the year ended December 31, 2013 weighted average outstanding detachable common stock warrants representing 646,949 shares of common stock outstanding were not dilutive.

Stock-Based Compensation

Stock-Based Compensation	12 Months Ended
	Dec. 31, 2015
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Stock-Based Compensation	10 . Stock-Based Compensation Omnibus Incentive Plan On January 15, 2015, the Board of Directors approved the Patriot National 2014 Omnibus Incentive Plan (the “Omnibus Incentive Plan”), subject to and with effect upon approval of such plan by the stockholders of the Company. The Compensation Committee of our Board of Directors determines the participants under the Omnibus Incentive Plan. The Omnibus Incentive Plan provides for non-qualified and incentive stock options, restricted stock and restricted stock units, any or all of which may be made contingent upon the achievement of performance criteria. Subject to the Omnibus Incentive Plan limits, the compensation committee has the discretionary authority to determine the size of an award and on May 11, 2015 delegated the authority to Steven Mariano, our President, to award grants to Non-Section 16 officers without the consent of the Compensation Committee. Shares of our common stock available for issuance under the Omnibus Incentive Plan include authorized and unissued shares of common stock or authorized and issued shares of common stock reacquired and held as treasury shares or otherwise, or a combination thereof. The number of available shares is reduced by the aggregate number of shares that become subject to outstanding awards granted under the Omnibus Incentive Plan. To the extent that shares subject to an outstanding award granted under either the Omnibus Incentive Plan are not issued or delivered by reason of the expiration, termination, cancellation or forfeiture of such award or by reason of the settlement of such award in cash, then such shares will again be available for grant under the Omnibus Incentive Plan. Shares withheld to satisfy tax withholding requirements upon the vesting of awards other than stock options will also be available for grant under the Omnibus Incentive Plan. Shares that are used to pay the exercise price of an option, shares delivered to or withheld by us to pay withholding taxes related to stock options, and shares that are purchased on the open market with the proceeds of an option exercise, may not again be made available for issuance. Stock Options In the twelve months ended December 31, 2015, we issued stock options as incentive compensation for officers and certain key employees. The exercise price of each stock option is the closing market price of our common stock on the date of grant. The options will vest in three Year Ended December 31, In thousands 2015 Expected dividend yield 0 % Risk-free interest rate (1) 0.49 % Expected volatility (2) 33.02 % Expected life in years (3) 3.0 (1) The risk-free interest rate for the periods within the contractual term of the options is based on the U.S. Treasury yield curve in effect at the time of the grant. (2) The expected volatility is a measure of the amount by which a stock price has fluctuated or is expected to fluctuate based primarily on our and our peers' historical data. (3) The expected life is the period of time, on average, that participants are expected to hold their options before exercise based primarily on our historical data. For the twelve months ended December 31, 2015 intrinsic value of these options was $0.0 Option activity for the twelve months ended December 31, 2015 was as follows: In thousands, except weighted-average price and remaining contractual term Number of Shares Weighted-Average Exercise Price Weighted-Average Remaining Contractual Term Aggregate Intrinsic Value Options outstanding at December 31, 2014 — $ — Options granted 1,378 $ 14.47 Options exercised — $ — Options cancelled or forfeited (173 ) $ 14.90 Options outstanding at December 31, 2015 1,205 $ 14.41 9.2 $ — Options expected to vest at December 31, 2015 1,205 $ 14.41 9.2 $ — Options exercisable at December 31, 2015 40 $ 14.00 9.2 $ — As of December 31, 2015 $1.9 million Restricted Stock Awards For the twelve months ended December 31, 2015, we issued 907,919 restricted share awards as incentive compensation for officers, directors, and certain key employees. Subsequent to issuance, 43,052 restricted shares were forfeited and 310,652 were settled leaving 554,215 remaining restricted shares outstanding as of December 31, 2015. The fair value of outstanding restricted shares at December 31, 2015 was $3.7 million. Grants of restricted shares for the twelve months ended December 31, 2015 were as follows: In thousands, except weighted-average fair value price Number of Shares Weighted-Average Grant-Date Fair Value Unvested restricted shares outstanding at December 31, 2014 — $ — Restricted shares granted 908 $ 14.41 Restricted shares vested (311 ) $ 14.00 Restricted shares forfeited (43 ) $ 14.59 Unvested restricted shares outstanding as of December 31, 2015 554 $ 14.63 As of December 31, 2015, we recognized $7.9 million of stock compensation expense associated with these restricted shares, and there was $4.3 million of total unrecognized stock compensation cost related to unvested restricted stock to be recognized over a period of 2.3 years. Restricted Stock Units During the twelve months ended December 30, 2015, we issued 200,490 restricted stock units. Of those issued, 31,560 were subsequently forfeited, resulting in 168,930 restricted stock units outstanding as of December 31, 2015. The fair value of these awards at December 31, 2015 was $1.1 million. During the twelve months ended December 31, 2015, we recognized $1.1 million of stock compensation expense associated with these restricted stock units. Unrecognized stock compensation expense associated with RSUs is $1.3 million and will be recognized over the remaining contractual lives of these awards of 2.3 years. In thousands, except weighted-average fair value price Number of Shares Weighted-Average Grant-Date Fair Value Unvested restricted stock units outstanding at December 31, 2014 — $ — Restricted stock units granted 200 $ 14.96 Restricted stock units vested — $ — Restricted stock units forfeited (31 ) $ 14.70 Unvested restricted stock units outstanding as of December 31, 2015 169 $ 15.03

Fair Value Measurement of Finan

Fair Value Measurement of Financial Assets and Liabilities	12 Months Ended
	Dec. 31, 2015
Fair Value Disclosures [Abstract]
Fair Value Measurement of Financial Assets and Liabilities	11 . Fair Value Measurement of Financial Assets and Liabilities With respect to the Company’s financial assets, which include equity and fixed income security investments and forward purchase assets, and financial liabilities, which include acquisition earnouts, deferred purchase consideration, and warrant redemption liability, the Company has adopted current accounting guidance which establishes the authoritative definition of fair value, establishes a framework for measuring fair value, creates a fair value hierarchy based on the quality of inputs used to measure fair value and enhances disclosure requirements for fair value measurements. This guidance defines fair value as the price that would be paid to warrant redemption liability in an orderly transaction between market participants at the measurement date. As required under current accounting guidance, the Company has identified and disclosed its financial assets in a fair value hierarchy, which consists of the following three levels: Definition Level 1 Observable unadjusted quoted prices in active markets for identical securities. Level 2 Observable inputs other than quoted prices in active markets for identical securities, (i) quoted prices in active markets for similar securities. (ii) quoted prices for identical or similar securities in markets that are not active. (iii) inputs other than quoted prices that are observable for the security (e.g., interest rates, yield curves observable at commonly quoted intervals, volatilities, prepayment speeds, credit risks and default rates). (iv) inputs derived from or corroborated by observable market data by correlation or other means. Level 3 Unobservable inputs, including the reporting entity’s own data, as long as there is no The Company’s equity and fixed income security investments and forward purchase assets for which carrying values were equal to fair values, classified by level within the fair value hierarchy, were as follows as of December 31, 2015: Fair Value Measurement, Using December 31, 2015 (in thousands) Quoted Prices in Active Markets for Identical Securities (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Total Common and preferred stocks $ 384 $ — $ — $ 384 Corporate notes and bonds 2,789 — — 2,789 Forward purchase asset — — 28,120 28,120 Total $ 3,173 $ — $ 28,120 $ 31,293 The forward purchase asset is maintained at equal value to the Series A and B Warrants, as created by the Back-to-Back Agreement with the selling stockholder. There were no equity and fixed income security investments or forward purchase assets as of December 31, 2014. The following is a reconciliation of the fair value of the Company’s financial assets that were measured using significant unobservable (Level 3) inputs: Year Ended December 31, 2015 (in thousands) Forward Purchase Asset Fair value, January 1, 2015 $ — Record fair value of forward purchase asset 27,300 Record increase in fair value of forward purchase asset 820 Fair Value, December 31, 2015 $ 28,120 The Company’s earnout payable on acquisitions, deferred purchase consideration, and warrant redemption liability, for which carrying values were equal to fair values, classified by level within the fair value hierarchy, were as follows as of December 31, 2015 and 2014: Fair Value Measurement, Using December 31, 2015 (in thousands) Quoted Prices in Active Markets for Identical Securities (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Total Earnout payable on acquisitions $ — $ — $ 12,383 $ 12,383 Deferred purchase consideration — — 6,128 6,128 Warrant redemption liability — — 28,120 28,120 Total $ — $ — $ 46,631 $ 46,631 Fair Value Measurement, Using December 31, 2014 (in thousands) Quoted Prices in Active Markets for Identical Securities (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Total Earnout payable on acquisitions $ — $ — $ — $ — Deferred purchase consideration — — — — Warrant redemption liability — — 12,879 12,879 Total $ — $ — $ 12,879 $ 12,879 The following is a reconciliation of the fair value of the Company’s financial liabilities that were measured using significant unobservable (Level 3) inputs: Year Ended December 31, 2015 (in thousands) Earnout Payable Deferred Purchase Consideration Warrant Redemption Liability Total Fair value, January 1, 2015 $ — $ — $ 12,879 $ 12,879 Record present value earnout payable on acquisitions 18,808 — — 18,808 Increase in fair value of earnout payable 827 — — 827 Earnout payments made (7,252 ) — — (7,252 ) Record deferred purchase consideration on acquisitions — 15,762 — 15,762 Payments made on deferred purchase consideration — (9,634 ) — (9,634 ) Exercise of PennantPark warrants — — (9,995 ) (9,995 ) Decrease in fair value of PennantPark warrant redemption liability — — (1,385 ) (1,385 ) Contribute remaining Pennant Park liability due to equity warrants — — (1,499 ) (1,499 ) Record fair value of Series A and B warrant liability — — 27,300 27,300 Record increase in fair value of Series A and B warrant liability — — 820 820 Fair Value, December 31, 2015 $ 12,383 $ 6,128 $ 28,120 $ 46,631 Year Ended December 31, 2014 (in thousands) Earnout Payable Deferred Purchase Consideration Warrant Redemption Liability Total Fair value, January 1, 2014 $ — $ — $ 6,934 $ 6,934 Warrants subject to redemption liability issued — — 4,122 4,122 Increase in fair value of common stock and warrant redemption liability — — 1,823 1,823 Fair Value, December 31, 2014 $ — $ — $ 12,879 $ 12,879

Related Party Transactions

Related Party Transactions	12 Months Ended
	Dec. 31, 2015
Related Party Transactions [Abstract]
Related Party Transactions	12 . Related Party Transactions Relationship and Transactions with Guarantee Insurance Group and Guarantee Insurance As of March 14, 2016 Steven M. Mariano, our founder, Chief Executive Officer and Chairman, beneficially owned 53.8% of the outstanding shares of our common stock and substantially all of the outstanding equity of Guarantee Insurance Group. As a result, our transactions with Guarantee Insurance Group and its subsidiaries, including Guarantee Insurance and GUI, are related party transactions. Mr. Mariano received dividends of $3.5 million from Guarantee Insurance Group in 2015. Service Fees Received from Guarantee Insurance We provide brokerage and policyholder services and claims administration services to Guarantee Insurance pursuant to the Services Agreements and the Program Administrator Agreement. See “Business—Clients—Guarantee Insurance Company.” We have been providing a full range of brokerage and policyholder services to Guarantee Insurance pursuant to the Program Administrator Agreement since August 6, 2014. Pursuant to the Services Agreements, we provide our services in connection with claims arising out of insurance policies held or underwritten by Guarantee Insurance. The Services Agreements have various terms and expiration dates ranging from 2018 to 2022, unless otherwise extended or earlier terminated as provided therein. The fees we receive are based, depending on the service provided, upon a percentage of reference premium, flat monthly fees, hourly fees or the savings we achieve, among others. Pursuant to Program Administrator Agreement, we act as Guarantee Insurance’s exclusive general agent for the purpose of underwriting, issuing and delivering insurance contracts in connection with Guarantee Insurance’s workers’ compensation insurance program. The agreement with Guarantee Insurance remains in effect until terminated by either party upon 180 days’ prior written notice to the other party for cause. Guarantee Insurance may also terminate the agreement, in whole or in part, immediately upon written notice to us in the event of our insolvency or bankruptcy, systematic risk-binding that is not in compliance with the applicable underwriting guidelines or procedures and the occurrence of certain other events. The fees we receive are based upon premiums written for each account bound with Guarantee Insurance. A portion of the fees that we receive from Guarantee Insurance pursuant to the Services Agreements and the Program Administrator Agreement are for Guarantee Insurance’s account (which we recognize as “fee income from related party”) and a portion of the fees are for the account of reinsurance captive entities to which Guarantee Insurance has ceded a portion of its written risk (which we recognize as “fee income”). See “Management’s Discussion and Analysis of Financial Conditions and Results of Operations—Principal Components of Financial Statements—Revenue.” As a result, a substantial portion of fee income we recognize from non-related parties is nevertheless derived from our relationship with Guarantee Insurance. For the year ended December 31, 2015, we recognized $144.1 million in total fee income and fee income from related party derived from our contracts and relationships with Guarantee Insurance, and our fee income from related party was $86.9 million. Our total fee income and fee income from related party pursuant to contracts with Guarantee Insurance and our fee income from related party constituted 69% and 41%, respectively, of our total fee income and fee income from related party for the year ended December 31, 2015. Our prices by customer for our brokerage and policyholder services and claims administration services were unchanged for the years ended December 31, 2015 and 2014, and, accordingly, the net increase in fee income was solely related to changes in the volume of business we managed. Because fee income from related party for claims administration services is based on the net portion of claims expense retained by Guarantee Insurance, as described in Note 13, Concentration Fee income from related party for the year ended December 31, 2015 was $86.9 million compared to $46.9 million for the year ended December 31, 2014. Fee income receivable from related party was $27.0 million as of December 31, 2015, and $12.0 million at December 31, 2014. During the year ended December 31, 2015, Patriot completed and amended agreements between its operating subsidiaries and Guarantee Insurance Company in the normal course of business. These include an agreement and subsequent amendments to the agreement effective January 1, 2015 between Guarantee and Patriot Care Management regarding fees for medical bill review services, and agreements between Guarantee and Patriot Underwriters regarding fees for premium audit services and commission expenses for policy production. Rent, Administrative and Management Fees Paid to Guarantee Insurance Group For the year ended December 31, 2014, approximately $1.9 million was paid to Guarantee Insurance Group pursuant to an expense reimbursement agreement dated January 1, 2012, as amended and restated from time to time. We reimbursed Guarantee Insurance Group for rent and certain corporate administrative services costs incurred on our behalf for such costs and are reflected as “allocation of marketing, underwriting and policy issuance costs from related party” in our combined statements of operations. In addition, pursuant to a management services agreement with Guarantee Insurance Group dated January 1, 2012, we paid management fees to Guarantee Insurance Group for management oversight, legal, accounting, human resources and technology support services provided to us. For the year ended December 31, 2014, approximately $5.4 million was paid to Guarantee Insurance Group for such services and are reflected as “management fees paid to related party for administrative support services” in our combined statements of operations. Our administrative functions have been separated from Guarantee Insurance, the expense reimbursement and management services agreements have been terminated, and such expenses are being incurred directly by us from August 6, 2014, including through a sublease agreement with Guarantee Insurance Group, as described below. Equipment Lease Effective August 6, 2014, in connection with the GUI Acquisition, Guarantee Insurance Group assigned to us its rights, and we assumed its obligations under, the master equipment lease agreement, dated as of December 3, 2013, by and among Fifth Third Bank, as lessor, and Guarantee Insurance Group and Mr. Mariano, as co-lessees, which was incurred in respect of the IE system. As co-lessee, Mr. Mariano has agreed, among other things, to maintain no less than $5.0 million of liquidity as long as any obligations are outstanding under this agreement. As of December 31, 2015, the aggregate amount of lease financings pursuant to this agreement was $2.2 million. Financing Transactions UBS Credit Agreement On August 6, 2014, in connection with the Patriot Care Management Acquisition, we and certain of our subsidiaries entered into the UBS Credit Agreement, which provided for a five-year term loan facility in an aggregate principal amount of $57.0 million that would mature on August 6, 2019. The loan was secured by the common stock of PCM and guaranteed by Guarantee Insurance Group and its wholly owned subsidiaries. Following our IPO, we prepaid all outstanding borrowings under the UBS Credit Agreement, including accrued interest and applicable prepayment premium. On January 22, 2015, in connection with our IPO, we repaid all outstanding borrowings under the Agreement. PennantPark Loan Agreement On August 6, 2014, in connection with the GUI Acquisition, we and certain of our subsidiaries, as borrowers, and certain of our other subsidiaries and certain affiliated entities, as guarantors, entered into the PennantPark Loan Agreement with the PennantPark Entities, as lenders. Following our IPO, we prepaid all outstanding borrowings under the PennantPark Loan Agreement, including accrued interest and applicable prepayment premium. On January 22, 2015, in connection with our IPO, we repaid all outstanding borrowings under the Agreement. GUI Acquisition On August 6, 2014, we consummated the GUI Acquisition pursuant to which we acquired GUI’s contracts in force and certain other assets, for a total consideration of approximately $55.1 million. The consideration consisted of $30 million in cash, the assumption of certain of GUI’s liabilities, settlement of certain intercompany balances and the retirement of the receivable in the amount of approximately $28.8 million from Guarantee Insurance comprising principal and accrued but unpaid interest under the Surplus Note made to Guarantee Insurance on November 27, 2013 in connection with the Reorganization. See “Business —Our History and Organization” and “Selected Financial Data.” Patriot Care Management Acquisition On August 6, 2014, we acquired the Patriot Care Management Business. The Patriot Care Management Business had been previously controlled by Mr. Mariano and was sold to MCMC, a third party, in 2011. A portion of the consideration received by Mr. Mariano and other stockholders in that sale consisted of MCMC preferred equity. As part of the Patriot Care Management Acquisition we issued 3,043,485 of our shares in exchange for MCMC preferred equity to the holders of such preferred equity, including Mr. Mariano, Mr. Del Pizzo and his spouse Arlene Del Pizzo, Mr. Shanfelter, Mr. Ermatinger, Mr. Grandstaff and Mr. Pesch, as consideration for such preferred equity. See “Business —Our History and Organization.” Pursuant to a managed care services agreement, dated as of August 6, 2014, we outsource certain medical bill review and related services to MCMC. Mr. Mariano is party to the agreement with respect to certain exclusivity and non-compete provisions. The agreement remains in effect through December 31, 2019 unless earlier terminated by us or MCMC upon 30 days’ written notice for material breach. Subsequent to such initial term the agreement may be terminated by either party upon 90 days’ prior written notice to the other party. DecisionUR Acquisition On February 5, 2015, we purchased 98.8% of the membership interests in DecisionUR, LLC for a purchase price of $2.2 million in cash, from Six Points Investment Partners, LLC, a company wholly owned by Mr. Mariano. Accordingly, upon closing, Mr. Mariano received all of the proceeds from the sale of DecisionUR, LLC. Vikaran Acquisition On April 17, 2015, we acquired Vikaran Solutions, LLC (“Vikaran”) for a purchase price of $8.5 million in cash. Prior to the acquisition, Mr. Mariano held a non-controlling, 45% interest in Vikaran. Upon closing, Mr. Mariano received proceeds of $3.8 million from the sale of Vikaran to us. In connection with the acquisition of Vikaran we also agreed to purchase all of the outstanding stock of Mehta and Pazol Consulting Services Private Limited (“MPCS”), an Indian company which holds Vikaran’s software development center located in Pune, India, for a purchase price of approximately $1.5 million. We consummated the purchase of 51% of the MPCS stock, and Mr. Mariano received proceeds of $749,850 therefrom. Global HR Acquisition On August 21, 2015, we acquired Global HR Research LLC (“Global HR”) for an aggregate purchase price of $42.0 million payable in cash and shares of our common stock. One of our independent directors, Austin J. Shanfelter, indirectly controlled Global HR through his ownership of owned 84% of the equity interests in ITH, which owned 75.5% of the equity interests of Global HR. Upon closing, Mr. Shanfelter, through In Touch, received aggregate proceeds of approximately $28.2 million from the sale of Global HR to us, comprised of shares of our common stock and cash. In addition, In Touch will forfeit and return a portion of the consideration to us if Global HR does not meet certain targets. In addition, in connection with the closing of the Global HR Acquisition, we entered into a registration rights agreement with the sellers, including Mr. Shanfelter, pursuant to which we provided the sellers with certain customary “piggyback” registration rights in respect of their shares received as part of the acquisition consideration, subject to cutbacks and other customary provisions. Stockholders Agreement In connection with the warrants issued to the PennantPark Entities as part of our reorganization in 2013, we entered into the Stockholders Agreement, which was amended and restated on January 5, 2015 in connection with our IPO. Pursuant to the Stockholders Agreement, Mr. Del Pizzo has certain customary “piggyback” registration rights with respect to 184,490 shares of our common stock that he now holds. All expenses incurred in connection with a “piggyback” registration will be borne by us, excluding underwriters’ discounts and commissions, which will be borne by the selling party. In addition, we will indemnify the registration rights holders against certain liabilities which may arise under the Securities Act in connection with any offering made pursuant to such registration rights. In connection with our IPO, we also entered into a new registration rights agreement with Mr. Mariano. This agreement provides him with an unlimited number of “demand” registrations as well as customary “piggyback” registration rights. This new registration rights agreement also provides that we will pay certain expenses relating to such registrations, excluding underwriters’ discounts and commissions, and indemnify Mr. Mariano against certain liabilities which may arise under the Securities Act in connection with any offering made pursuant to such registration rights. Tax Advisory Services Del Pizzo & Associates P.C., a tax advisory firm wholly owned by Mr. Del Pizzo, one of our directors, has received payments from us in the amount of approximately $185,100 in the year ended December 31, 2015 for tax advisory services it performed in fiscal year 2015 in respect of entities that are now our subsidiaries. Del Pizzo & Associates P.C. will continue providing similar services for fiscal year 2016. Loan Arrangements and Receivable from Affiliates As of December 31, 2015, we had a net receivable from related parties of $0.5 million due from entities controlled by Mr. Mariano, our founder, Chairman, President and Chief Executive Officer. As of December 31, 2014, we had a net receivable from related parties amount of approximately $1.0 million and $0.8 million due from Mr. Mariano and entities controlled by Mr. Mariano. In addition, on December 23, 2015, we and Steven M. Mariano amended the Stock Back-to-Back Agreement, pursuant to which, upon the exercise of the New Warrants, we would purchase a number of shares of our common stock owned by Steven M. Mariano equal to 100% of the shares to be issued in connection with the exercise by the PIPE investors of the New Warrants. See Item 7, “Management’s Discussion and Analysis of Financial Conditions a PIPE Transaction On December 13, 2015 we entered into a securities purchase agreement (the “Securities Purchase Agreement”) with Steven M. Mariano, our President and Chief Executive Officer, and the PIPE investors pursuant to which the PIPE investors purchased (i) 2,500,000 shares of our common stock from Steven M. Mariano, for an aggregate purchase price of approximately $30 million, and (ii) 666,666 shares of our common stock, warrants to purchase up to an aggregate of 2,083,333 shares of our common stock (the “Old Series A Warrants”) and prepaid warrants for 1,000,000 shares of our common stock (the “Old Series B Warrants” and, together with the Old Series A Warrants, the “Old Warrants”), for an aggregate purchase price of approximately $20 million. In addition, we entered into an agreement (the “Stock Back-to-Back Agreement”) with Steven M. Mariano, pursuant to which, upon the exercise of the Old Warrants, we would purchase a number of shares of our common stock owned by Steven M. Mariano equal to 60% of the shares to be issued in connection with the exercise by the PIPE investors of the Old Warrants. On December 23, 2015 we entered into several rescission and exchange agreements (collectively, the “Exchange Agreement”) with Steven M. Mariano and the PIPE investors pursuant to which (i) we and the PIPE investors rescinded the sale and purchase of 666,666 shares of our common stock and prepaid warrants for 1,000,000 shares of our common stock and (ii) we exchanged the Old Series A Warrant for new warrants to purchase up to an aggregate of 3,250,000 shares of our common stock (the “New Series A Warrants”), and the Old Series B Warrant for new prepaid warrants to purchase a number of shares that the holder could purchase at a price equal to 90% of the lowest 10-day volume-weighted average stock price during the period commencing on February 1, 2016 through and including the Adjustment Time (as defined in the New Series B Warrants, which we expect to end at 9:00 A.M. on the tenth trading day after the filing of this Annual Report on Form 10-K) less the number of shares such holder purchased, in each case subject to adjustments and limitations pursuant to their terms. Based on the 10-day volume-weighted average stock price during the period commencing on February 1, 2016 through March 17, 2016 of $4.51, we estimate that 4,895,985 shares of our common stock would be issuable upon exercise of the New Series B Warrants. In addition, we and Steven M. Mariano amended the Stock Back-to-Back Agreement, pursuant to which, upon the exercise of the New Warrants, we would purchase a number of shares of our common stock owned by Steven M. Mariano equal to 100% of the shares to be issued in connection with the exercise by the PIPE investors of the New Warrants, resulting in no dilution for our existing shareholders. The New Series A Warrants are exercisable at an exercise price of the lesser of (i) $10.00 and (ii) 85% of the market price of the shares (as defined in the New Warrants), from July 1, 2016 to December 31, 2020. The New Series B Warrants are exercisable at an exercise price of $0.01 from December 16, 2015 to December 31, 2020. The exercise price of the New Warrants is subject to adjustment in the case of stock splits, stock dividends, combinations of shares and similar recapitalization transactions. In addition, PIPE investors On Statement of Policy Regarding Transactions with Related Persons Our board of directors has adopted a written Related Person Transaction Policy to assist it in reviewing, approving and ratifying transactions with related persons and to assist us in the preparation of related disclosures required by the SEC. This Related Person Transaction Policy supplements our other policies that may apply to transactions with related persons, such as the Corporate Governance Guidelines of our board of directors and our Code of Business Conduct and Ethics. The Related Person Transaction Policy provides that all transactions with related persons covered by the policy must be reviewed and approved and ratified by the Audit Committee or disinterested members of the board of directors and that any employment relationship or transaction involving an executive officer and any related compensation must be approved or recommended for the approval of the board of directors by the Compensation Committee. In reviewing transactions with related persons, the Audit Committee or disinterested members of the board of directors will consider all relevant facts and circumstances, including, without limitation: — the nature of the related person’s interest in the transaction; — the material terms of the transaction; — the importance of the transaction both to the Company and to the related person; — whether the transaction would likely impair the judgment of a director or executive officer to act in the best interest of the Company; — whether the value and the terms of the transaction are substantially similar as compared to those of similar transactions previously entered into by the Company with non-related persons, if any; and — any other matters that management or the Audit Committee or disinterested directors, as applicable, deem appropriate. The Audit Committee or disinterested members of the board of directors, as applicable, will not approve or ratify any related person transaction unless it shall have determined in good faith that, upon consideration of all relevant information, the related person transaction is in, or is not inconsistent with, the best interests of the Company. The Audit Committee or the disinterested members of the board of directors, as applicable, may also conclude, upon review of all relevant information, that the transaction does not constitute a related person transaction and thus that no further review is required under this policy. Generally, the Related Person Transaction Policy applies to any current or proposed transaction in which: — the Company was or is to be a participant; — the amount involved exceeds $120,000; and any related person (i.e., a director, director nominee, executive officer, greater than 5% beneficial owner and any immediate family member of such person) had or will have a direct or indirect material interest.

Concentration

Concentration	12 Months Ended
	Dec. 31, 2015
Risks And Uncertainties [Abstract]
Concentration	1 3 . Concentration For the year ended December 31, 2015, approximately 69% of total fee income and fee income from related party was attributable to contracts with Guarantee Insurance, the Company’s largest customer and a related party, and approximately 7% was attributable to contracts with the Company’s second largest customer. For the year ended December 31, 2014, approximately 71% of total fee income and fee income from related party was attributable to contracts with Guarantee Insurance, the Company’s largest customer and a related party, and approximately 18% was attributable to contracts with the Company’s second largest customer. For the year ended December 31, 2013, approximately 44% of total fee income and fee income from related revenues was attributable to contracts with Guarantee Insurance and approximately 38% and 12% were attributable to contracts with the Company’s second and third largest customers, respectively. As of December 31, 2015, approximately 77% of fee income receivable and fee income receivable from related party was attributable to contracts with Guarantee Insurance, the Company’s largest customer and a related party, and approximately 3% of fee income receivable and fee income receivable from related party were attributable to contracts with the Company’s second largest customer. As of December 31, 2014, approximately 86% of fee income receivable and fee income receivable from related party was attributable to contracts with Guarantee Insurance, the Company’s largest customer and a related party, and approximately 8% and 2% of fee income receivable and fee income receivable from related party were attributable to contracts with the Company’s second and third largest customers, respectively. As of December 31, 2013, approximately 62% of fee income receivable and fee income receivable from related party was attributable to contracts with Guarantee Insurance, the Company’s largest customer and a related party, and approximately 23% and 11% of fee income receivable and fee income receivable from related party were attributable to contracts with the Company’s second and third largest customers, respectively. Management believes that the receivable balances from these largest customers do not represent significant credit risk based on cash flow forecasts, balance sheet analysis and past collection experience. Because fee income from related party for claims administration services is based on the net portion of claims expense retained by Guarantee Insurance, the Company’s revenues attributable to contracts with Guarantee Insurance do not necessarily represent fee income from related party.

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Dec. 31, 2015
Commitments And Contingencies Disclosure [Abstract]
Commitments and Contingencies	1 4 . Commitments and Contingencies Contractual Obligations and Commitments The table below provides information with respect to our long-term debt and contractual commitments as of December 31, 2015: Payments Due by Period In thousands 2016 2017 2018 2019 2020 Thereafter Total Long-term debt obligations $ 5,500 $ 7,562 $ 8,250 $ 10,313 $ 74,875 $ — $ 106,500 Short-term revolver debt obligations — — — — 18,032 — 18,032 Interest on debt 4,272 4,049 3,778 3,459 70 — 15,628 Acquisition earnouts 10,556 1,827 — — — — 12,383 Deferred purchase consideration 6,128 — — — — — 6,128 Operating lease obligations 5,461 5,032 4,089 3,678 2,751 1,744 22,755 Capital lease obligation 2,275 — — — — — 2,275 Total contractual obligations $ 34,192 $ 18,470 $ 16,117 $ 17,450 $ 95,728 $ 1,744 $ 183,701 In connection with the Senior Secured Credit Facility as described in Note 7, Notes Payable and Lines of Credit Off-Balance Sheet Arrangements We have no off-balance sheet arrangements that have, or are reasonably likely to have, a current or future effect on our financial condition, changes in financial condition, revenues or expenses, results of operations, liquidity, capital expenditures, or capital resources. The Company has employment agreements with certain executives and other employees, which provide for compensation and certain other benefits and for severance payments under certain circumstances. The employment agreements contain clauses that become effective upon a change of control of the Company. Upon the occurrence of any of the defined events in the employment agreements, the Company would be obligated to pay certain amounts to the relevant employees. The Company maintains cash at various financial institutions, and, at times, balances may exceed federally insured limits. Management does not believe this results in any material effect on the Company’s financial position or results of operations. In the normal course of business, the Company may be party to various legal actions that management believes will not result in any material effect on the Company’s financial position or results of operations.

Warrant Redemption Liability

Warrant Redemption Liability	12 Months Ended
	Dec. 31, 2015
Warrants And Rights Note Disclosure [Abstract]
Warrant Redemption Liability	1 5 . Warrant Redemption Liability The estimated fair value of the redeemable warrants is reflected as warrant redemption liability in the accompanying consolidated balance sheets as of December 31, 2015 and 2014, and the change in the liability is reflected as an increase (decrease) in fair value of warrant redemption liability in the accompanying consolidated statements of operations for the years ended December 31, 2015, 2014 and 2013. In estimating the value of the redeemable warrants and common stock, giving consideration to all valuation approaches and methods in its analysis and ultimately relying on a variety of established appraisal methods and techniques, applying a Monte Carlo simulation of estimated value, the guideline public company method in combination with the discounted future returns method and, as appropriate, the option pricing model using Black Scholes. Various valuation indications are weighted using the Probability-Weighted Expected Return Method (PWERM) in accordance with the AICPA’s Accounting and Valuation Guide: Valuation of Privately-Held-Company Equity Securities Issued as Compensation As of December 31, 2015, the estimated fair value of Series A and Series B warrant redemption liabilities was $28.1 million. Our analysis of Series A and Series B warrant value was calculated using a Monte Carlo simulation of Patriot's daily common stock price in the adjustment period. The stock price was assumed to follow Geometric Brownian Motion with drift equal to the risk-free rate and volatility estimated from Patriot's historical volatility and volatilities of comparable companies. The fair value of the warrants were estimated as the average value from all 100,000 simulations using Black Scholes. On December 13, 2015 we entered into a securities purchase agreement (the “Securities Purchase Agreement”) with Steven M. Mariano, our President and Chief Executive Officer, and the PIPE investors pursuant to which the PIPE investors purchased (i) 2,500,000 shares of our common stock from Steven M. Mariano, for an aggregate purchase price of approximately $30 million, and (ii) 666,666 shares of our common stock, warrants to purchase up to an aggregate of 2,083,333 shares of our common stock (the “Old Series A Warrants”) and prepaid warrants for 1,000,000 shares of our common stock (the “Old Series B Warrants” and, together with the Old Series A Warrants, the “Old Warrants”), for an aggregate purchase price of approximately $20 million. In addition, we entered into an agreement (the “Stock Back-to-Back Agreement”) with Steven M. Mariano, pursuant to which, upon the exercise of the Old Warrants, we would purchase a number of shares of our common stock owned by Steven M. Mariano equal to 60% of the shares to be issued in connection with the exercise by the PIPE investors of the Old Warrants. On December 23, 2015 we entered into several rescission and exchange agreements (collectively, the “Exchange Agreement”) with Steven M. Mariano and the PIPE investors pursuant to which (i) we and the PIPE investors rescinded the sale and purchase of 666,666 shares of our common stock and prepaid warrants for 1,000,000 shares of our common stock and (ii) we exchanged the Old Series A Warrant for new warrants to purchase up to an aggregate of 3,250,000 shares of our common stock (the “New Series A Warrants”), and the Old Series B Warrant for new prepaid warrants to purchase a number of shares that the holder could purchase at a price equal to 90% of the lowest 10-day volume-weighted average stock price during the period commencing on February 1, 2016 through and including the Adjustment Time (as defined in the New Series B Warrants, which we expect to end at 9:00 A.M. on the tenth trading day after the filing of this Annual Report on Form 10-K) less the number of shares such holder purchased, in each case subject to adjustments and limitations pursuant to their terms. Based on the 10-day volume-weighted average stock price during the period commencing on February 1, 2016 through March 17, 2016 of $4.51, we estimate that 4,895,985 shares of our common stock would be issuable upon exercise of the New Series B Warrants. In addition, we and Steven M. Mariano amended the Stock Back-to-Back Agreement, pursuant to which, upon the exercise of the New Warrants, we would purchase a number of shares of our common stock owned by Steven M. Mariano equal to 100% of the shares to be issued in connection with the exercise by the PIPE investors of the New Warrants, resulting in no dilution for our existing shareholders. The New Series A Warrants are exercisable at an exercise price of the lesser of (i) $10.00 and (ii) 85% of the market price of the shares (as defined in the New Warrants), from July 1, 2016 to December 31, 2020. The New Series B Warrants are exercisable at an exercise price of $0.01 from December 16, 2015 to December 31, 2020. The exercise price of the New Warrants is subject to adjustment in the case of stock splits, stock dividends, combinations of shares and similar recapitalization transactions. In addition, On There was no PennantPark warrant redemption liability as of December 31, 2015. Concurrent with our IPO and repayment of the PennantPark Loan Agreement on January 22, 2015, the PennantPark Entities exercised 965,700 of their 1,110,555 detachable common stock warrants for common stock at an exercise price of $2.67 per share. The PennantPark Entities waived their put right on the remaining 144,855 detachable common stock warrants. By eliminating the put right, the PennantPark Entities could not require the Company to redeem the remaining detachable common stock warrants for cash, thereby eliminating the warrant redemption liability previously required. The remaining 144,855 detachable common stock warrants were exercised on November 24, 2015 in a cashless exercise to purchase shares of the Company’s common stock at an exercise price of $2.67. On November 27, 2013, the Company issued 626,295 detachable common stock warrants to new lenders to purchase shares of the Company’s common stock at an exercise price of $2.67 per share. The warrants expire on November 27, 2023. Prior to the exercise and removal of the put right, at the fifth anniversary date of the warrants and any time after the eighth anniversary date of the warrants, the warrant holders could have required the Company to redeem the warrants for cash, in an amount equal to the estimated fair value of the warrants, as determined by an independent appraisal, less the total exercise price of the redeemed warrants. The value of the warrants was recorded as a discount on the loan and a warrant liability on November 27, 2013. The discount on the loan was amortized as interest expense over the term of the loan. The Company attributed a value to these warrants of approximately $7.3 million as of December 31, 2014. On August 6, 2014, in connection with the additional tranche described in Note 7, Notes Payable and Lines of Credit Our analysis of PennantPark warrant value and put value is based on a combination of the market approach and the income approach to determine the value of PNI common stock at the Valuation Date, and the application of an option pricing model using Black Scholes to determine the value of one warrant at the Valuation Date. We relied in part upon the estimated IPO value developed by the underwriter, which was based on the underwriter’s comparative company analysis, a market approach; the discounted future returns method primarily relies on the Company’s financial estimates; the terminal values used in the discounted future returns method are derived using the underwriter’s estimate based upon its analysis of comparative public companies, and the guideline public company method.

Income Taxes

Income Taxes	12 Months Ended
	Dec. 31, 2015
Income Tax Disclosure [Abstract]
Income Taxes	1 6 . Income Taxes The Company accounts for income taxes under FASB ASC 740, “Accounting for Income Taxes” (“ASC 740”). Deferred income tax assets and liabilities are determined based upon differences between financial reporting and tax bases of assets and liabilities and are measured using the enacted tax rates and laws that will be in effect when the differences are expected to reverse. The components of the consolidated income tax provision are as follows: For the Year Ended December 31, In thousands 2015 2014 2013 Current income tax expense (benefit) $ 4,816 $ 12,270 $ (3,774 ) Deferred income tax expense before increase in valuation allowance (5,881 ) (651 ) 1,785 Net Income Tax Benefit before Increase in Valuation Allowance (1,065 ) 11,619 (1,989 ) Increase in valuation allowance 5,936 16 2,701 Net Income Tax Expense $ 4,871 $ 11,635 $ 712 As described in Note 1 to our consolidated financial statements, “Description of Business and Basis of Presentation,” Patriot National filed a consolidated federal income tax return for the period from inception (November 15, 2013) to December 31, 2014 which included the results of its wholly and majority owned subsidiaries, all of which became subsidiaries of the Company effective November 27, 2013. A reconciliation of the provision for income taxes with the U.S. Federal statutory income tax rate is as follows (in thousands, except percentages): 2015 2014 2013 In thousands Amount Rate Amount Rate Amount Rate (Loss) Income before income tax expense $ (394 ) $ 22,094 $ (5,556 ) Income tax expense (benefit) at statutory federal rate (134 ) 34.0 % 7,733 35.0 % (1,889 ) 34.0 % State income tax (benefit), net of federal deduction 967 (245.4 ) 1,153 5.2 (63 ) 1.1 Tax effect of: Loss on exchange of units and warrants — — — — 52 (0.9 ) Gain on redemption of MCMC Units attributable to difference between tax basis and book basis — — 1,883 8.5 — — Expenses incurred in connection with acquisitions 24 (6.1 ) 247 1.1 — — Effect of rate change on deferred tax assets (1,438 ) 365.0 — — — — Amortization of loan discounts and loan costs — — — — 1,538 (27.7 ) PSI, PRS and Forza income passed through to the sole shareholder for federal tax purposes for the period January 1, 2013 to November 27, 2013 and the year ended December 31, 2012 — — — — (1,992 ) 35.9 Contego Services Group, Inc. loss passed through to the members for federal tax purposes for the period January 1, 2013 to November 27, 2013 and the year ended December 31, 2012 — — — — 51 (0.9 ) (Decrease) Increase in fair value of warrant redemption liability (471 ) 119.5 638 2.9 — — Gain on rescission and exchange agreement (207 ) 52.5 — — — — Deferred tax liability established effective November 27, 2013, attributable to goodwill arising from December 14, 2011 acquisition of PRS — — — — 291 (5.2 ) Patriot Captive Management (income) loss not subject to U.S. federal income taxes as a non-U.S.-domiciled company (102 ) 25.9 22 0.1 23 (0.4 ) Other items, net 296 (75.1 ) (57 ) (0.3 ) — — Actual Income Tax Expense (Benefit) before Increase in Valuation Allowance (1,065 ) 270.3 11,619 52.6 (1,989 ) 35.8 Increase in valuation allowance 5,936 (1,506.6 ) 16 0.1 2,701 (48.6 ) Actual Income Tax Expense $ 4,871 (1,236.3 ) % $ 11,635 52.7 % $ 712 (12.8 ) % Patriot Captive Management’s business is conducted through two operational subsidiaries domiciled in non-U.S. jurisdictions. The Company has no current intention of distributing unremitted earnings of Patriot Captive Management to its U.S. domiciled parent, PSI. Additionally, it is not practical to calculate the potential liability associated with such distribution due to the fact that dividends received from Patriot Captive Management could bring additional foreign tax credits, which could ultimately reduce the U.S. tax cost of the dividend, and significant judgment is required to analyze any additional local withholding tax and other indirect tax consequences that may arise due to the distribution of these earnings. Accordingly, pursuant to FASB ASC 740, the income tax expense in the accompanying consolidated statements of operations for the years ended December 31, 2015, 2014, and 2013 do not include a provision for federal income taxes attributable to Patriot Captive Management’s operations. At December 31, 2015 we assessed the tax rates used to compute our deferred tax assets and liabilities. We made adjustments to reflect the appropriate realizable benefit which resulted in a $1.4 million impact on our effective tax rate as detailed above. We assess uncertain tax positions in accordance with ASC 740 on the basis of a two-step process whereby (1) we determine whether it is more likely than not that the tax positions will be sustained on the basis of the technical merits of the position and (2) for those tax positions that meet the more-likely-than-not recognition threshold, we recognize the largest amount of tax benefit that is more than 50 percent likely to be realized upon ultimate settlement with the related tax authority. At December 31, 2015 and 2014, the Company had no unrecognized tax benefits and no amounts recorded for uncertain tax positions. The Company’s policy is to recognize interest and penalties related to uncertain tax positions within the income tax expense line in the accompanying Consolidated Statement of Operations. The tax period from inception (November 15, 2013) to December 31, 2013 remains subject to examination by all of the Company’s tax jurisdictions. Deferred income taxes reflect the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes. Significant components of our deferred tax assets and liabilities are as follows (in thousands): In thousands December 31, 2015 December 31, 2014 Deferred tax assets: Purchased intangibles $ 17,672 $ 19,114 Accrued liabilities and other deferred tax assets 3,648 351 Total deferred tax assets 21,320 19,465 Valuation allowance for deferred tax assets (12,194 ) (6,258 ) Deferred tax assets 9,126 13,207 Deferred tax liabilities: Nondeductible amortizable intangible assets 9,126 13,195 Depreciable fixed assets — 12 Total deferred tax liabilities $ 9,126 $ 13,207 Net deferred tax liabilities $ — $ — The Company and its subsidiaries are subject to U.S. federal income tax, as well as income tax in multiple states with heavy concentration in Florida, California, and Pennsylvania. The net deferred tax asset before valuation allowance as of December 31, 2015 and 2014 was $12.2 million and $6.3 million, respectively. A valuation allowance related to deferred tax assets is required when it is considered more likely than not that all or part of the benefit related to such assets will not be realized. In assessing the need for a valuation allowance, the Company considered both positive and negative evidence in concluding that a full valuation allowance was necessary against its net deferred tax assets at December 31, 2015 and 2014. Supplemental Pro Forma Income Tax Information (Unaudited) The unaudited supplemental pro forma income tax benefit has been presented in accordance with Section 3410.1 (under the headings 3400, Special Applications Sub-Chapter S Corporations and Partnerships) The pro forma net income tax benefit is comprised of the following: For the Year Ended December 31, In thousands 2013 Current income tax benefit $ (2,174 ) Deferred income tax expense before increase in valuation allowance 1,565 Net Income Tax Benefit before Increase in Valuation Allowance (609 ) Increase in valuation allowance 2,701 Net Income Tax Expense $ 2,092 The Company’s pro forma income tax rates, expressed as a percent of net income before income tax expense, vary from statutory federal income tax rates due to the following: 2013 In thousands Amount Rate (Loss) Income before income tax expense $ (5,556 ) Income tax expense (benefit) at statutory federal rate (1,889 ) 34.0 State income tax (benefit), net of federal deduction (20 ) 0.4 Tax effect of: Loss on exchange of units and warrants 52 (0.9 ) Amortization of loan discounts and loan costs 1,677 (30.2 ) Difference in tax basis of net identifiable liabilities assumed in acquisition pursuant to Internal Revenue Code §338(h)(10) election (492 ) 8.9 Patriot Captive Management (income) loss not subject to U.S. federal income taxes as a non-U.S.-domiciled company 23 (0.4 ) Other items, net 40 (0.7 ) Actual Income Tax Expense (Benefit) before Increase in Valuation Allowance (609 ) 11.0 Increase in valuation allowance 2,701 (48.6 ) Actual Income Tax Expense $ 2,092 (37.7 )

Quarterly Operating Results (un

Quarterly Operating Results (unaudited)	12 Months Ended
	Dec. 31, 2015
Quarterly Financial Information Disclosure [Abstract]
Quarterly Operating Results (unaudited)	17. Quarterly Operating Results (unaudited): Quarterly operating results for 2015 and 2014 were as follows (in thousands, except per share data): For the Year Ended December 31, In thousands 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter 2015 Total fee income and fee income from related party $ 42,992 $ 47,388 $ 58,532 $ 60,852 Total revenues $ 42,993 $ 47,332 $ 58,523 $ 60,872 Total expenses 51,146 45,987 53,345 59,636 Net (loss) income before income tax expense $ (8,153 ) $ 1,345 $ 5,178 $ 1,236 Net (Loss) Income (4,816 ) 1,020 3,788 (5,367 ) Basic net (loss) income per share $ (0.19 ) $ 0.04 $ 0.14 $ (0.19 ) Diluted net (loss) income per share $ (0.19 ) $ 0.04 $ 0.14 $ (0.19 ) 2014 Total fee income and fee income from related party $ 15,599 $ 15,453 $ 31,433 $ 40,245 Total revenues $ 15,808 $ 15,742 $ 45,469 $ 40,245 Total expenses 13,348 20,955 19,440 41,427 Net income (loss) before income tax expense $ 2,460 $ (5,213 ) $ 26,029 $ (1,182 ) Net Income (Loss) 1,502 (5,597 ) 16,902 (2,393 ) Basic net income (loss) per share $ 0.11 $ (0.39 ) $ 1.03 $ (0.13 ) Diluted net income (loss) per share $ 0.10 $ (0.39 ) $ 0.46 $ (0.13 ) (1) Year over year quarterly as well as quarter to quarter results may not be comparable due to timing of the inclusion of acquistions. (2) The sum of quarterly EPS may not agree with the years’ EPS.

Valuation and Qualifying Accoun

Valuation and Qualifying Accounts	12 Months Ended
	Dec. 31, 2015
Valuation And Qualifying Accounts [Abstract]
Valuation and Qualifying Accounts	1 8 . Valuation and Qualifying Accounts Valuation and qualifying accounts deducted from the assets to which they apply: In thousands Balance at Beginning of Period Provision for Doubtful Accounts Deductions Balance at End of Period 2015 Total - allowance for uncollectible fee income receivable $ 136 $ 351 $ (232 ) $ 255 2014 Total - allowance for uncollectible fee income receivable $ 2,544 $ 502 $ (2,910 ) $ 136

Subsequent Events

Subsequent Events	12 Months Ended
	Dec. 31, 2015
Subsequent Events [Abstract]
Subsequent Events	1 9 . Subsequent Events On January 28, 2016, we entered into that Asset Purchase Agreement by and between Patriot Underwriters, Inc. and Mid Atlantic Insurance Services, Inc. (“Mid Atlantic”) pursuant to which the Company acquired substantially all of the assets of Mid Atlantic for a maximum of $16,500,000. Pursuant to the Asset Purchase Agreement, the Company paid Mid Atlantic $8,000,000 in cash at closing. Mid Atlantic will also be entitled to annual earn-out payments of up to a cumulative maximum of $8,500,000 over approximately five years after closing. Subject to limited exceptions, $7,000,000 of the maximum earn-out is guaranteed. On February 1, 2016, we entered into an Amendment No. 2 to the TriGen Stock Purchase Agreement splitting the payment of the Class B Purchase price into 2 installment payments. On February 9, 2016, pursuant to the Securities Purchase Agreement, the Exchange Agreement and the registration rights agreement, as amended by the Exchange Agreement, a registration statement initially filed on January 15, 2016 was declared effective pursuant to which we registered 10,348,794 shares of our common stock under the Securities Act, which includes 7,848,794 shares of common stock issuable upon exercise of the New Warrants held by the PIPE Investors. On March 1, 2016, we entered into an Amendment No. 3 to the TriGen Stock Purchase Agreement accelerating and reducing the final payment to the Class B Seller. On March 3, 2016, our Board of Directors approved a $15 million share repurchase program for the Company's common stock whereby shares may be purchased from time to time, in open market transactions or in negotiated off-market transactions. The program may continue for up to eighteen months. On March 3, 2016, we entered into a fourth amendment to our existing credit agreement

Description of Business and B27

Description of Business and Basis of Presentation (Policies)	12 Months Ended
	Dec. 31, 2015
Accounting Policies [Abstract]
Description of Business	Description of Business Patriot National, Inc. (“Patriot National” or the “Company”) is an independent national provider of comprehensive technology-enabled outsourcing solutions that help insurance carriers, employers and other clients mitigate risk, comply with complex regulations, and save time and money. We offer a full suite of end-to-end insurance related and specialty services that allow our clients to improve efficiencies and reduce expenses through our value-added processes. The core of our value proposition includes the benefit of a “one-stop” solution with our broad array of offered services, scalable state-of-the-art technology, and solutions to complex business and regulatory processes. Our goal is to be the preferred provider of mandatory employer services such as risk management services, health and welfare services, employee onboarding and compliance services. The Company offers two types of services: front-end services, such as brokerage, underwriting and policyholder services, and back-end services, such as claims adjudication and administration. We provide our services either on an individual basis, as bundles of two or more services tailored to a client’s specific needs or on a turnkey basis where we provide a comprehensive set of front-end and back-end services to a client. We also offer specialty services currently including technology outsourcing and other IT services, as well as employment pre-screening and background checks. As a service company, we do not assume any underwriting or insurance risk. Our revenue is primarily fee-based, most of which is contractually committed or highly recurring. Unlike our insurance and reinsurance carrier clients, we do not generate underwriting income or assume underwriting risk on workers’ compensation plans. Patriot National is headquartered in Ft. Lauderdale, Florida. The consolidated financial statements of Patriot National are comprised of the results of: ( i ) the parent company, Patriot National (formerly Old Guard Risk Services, Inc.), which was formed on November 15, 2013, (ii) Patriot National’s wholly owned subsidiary, Patriot Services, Inc. (“PSI”), and its wholly and majority owned subsidiaries, Patriot Underwriters, Inc. (“PUI”), Patriot Risk Services, Inc. (“PRS”), Contego Services Group, LLC and Contego Investigative Services, Inc. (together, “Contego”), Forza Lien, Inc. (“Forza”) and Patriot Captive Management, Inc. (“Patriot Captive Management”), all of which became subsidiaries of Patriot National effective November 27, 2013, (iii) PSI’s wholly owned subsidiary, Patriot Care, Inc., (iv) Patriot Care, Inc.’s wholly owned subsidiary, Patriot Care Holdings, Inc., and its wholly owned subsidiaries, Patriot Care Management, Inc., and Patriot Care Services, Inc. (collectively “PCM”), all of which were acquired on August 6, 2014, and (v) the revenues and expenses associated with contracts (the “GUI contracts”) with third party insurance companies and, with respect to one contract, Guarantee Insurance Company (“Guarantee Insurance”, a property and casualty insurance company wholly owned by Guarantee Insurance Group, Inc. (“GIG”, formerly Patriot National Insurance Group, Inc.) and a related party), which PUI acquired, together with certain other assets acquired and liabilities assumed, from Guarantee Underwriters, Inc. (“GUI”), a wholly owned subsidiary of GIG, effective August 6, 2014. For the years ended December 31, 2014 and 2013, because Patriot National, PSI, PRS, Contego, Forza and Patriot Captive Management are under common control, and the contracts and certain other assets acquired and liabilities assumed from GUI constitute the acquisition of a business under common control, the consolidated financial statements are presented as if all of these companies and the assets acquired and liabilities assumed from GUI were wholly or majority owned subsidiaries of the Company for all of the periods presented. Specifically, · Revenues and expenses attributable to Patriot National, PSI, PRS, Contego, Forza and Patriot Captive Management for the years ended December 31, 2014 and 2013 and revenues and expenses associated with the contracts and certain other assets acquired and liabilities assumed from GUI for the period from January 1, 2014 to August 6, 2014 and the year ended December 31, 2013, · Assets and liabilities attributable to Patriot National, PSI, PRS, Contego, Forza and Patriot Captive Management are included in the accompanying consolidated balance sheets as of December 31, 2014, · The fixed assets and other long term assets acquired from GUI, the capital lease obligation assumed from GUI are included in the accompanying consolidated balance sheets as of December 31, 2014, and all other assets and liabilities of GUI, which were not acquired by the Company on August 6, 2014, are not included in the accompanying consolidated balance sheets as of December 31, 2014, · The note receivable transferred to GUI and balances payable to GUI from the Company, both of which were included as part of the Company’s consideration for the contracts and certain other assets acquired and liabilities assumed, together with the note payable associated with the acquisition of the contracts and certain other assets, have been eliminated in consolidation in the accompanying consolidated balance sheets as of December 31, 2014, and · Changes in the fixed assets and other long term assets acquired from GUI, the capital lease obligation assumed from GUI and the note receivable transferred to GUI and balances payable to GUI from the Company, as described above, for the period from January 1, 2014 to August 6, 2014 are presented as “adjustments attributable to changes in assets and liabilities of GUI” in the accompanying consolidated statements of stockholders’ equity (deficit) for the years ended December 31, 2014 and 2013. PUI provides workers’ compensation brokerage, underwriting and policyholder services to third party insurance company customers. Additionally, PUI historically solicited applications for workers’ compensation insurance for Guarantee Insurance pursuant to a producer agreement between the parties that the Company acquired from GUI effective August 6, 2014 and which was also terminated on such date. PRS provides workers’ compensation claims administration services to (i) Guarantee Insurance, (ii) PUI’s third party insurance company customers and (iii) segregated portfolio cell reinsurers that assume business written by Guarantee Insurance and PUI’s third party insurance company customers. Contego provides claims investigations, loss control service administration, claimant transportation and translation, claims subrogation services and certain other services to Guarantee Insurance, PUI’s third party insurance company customers and the segregated portfolio cell reinsurers that assume business written by Guarantee Insurance and PUI’s third party insurance company customers. Contego also provides these services, on a limited basis, to certain other companies and government agencies. PCM provides healthcare cost containment services, including nurse case management, medical bill review and utilization review. Forza provides claim lien negotiation services to PUI’s third party insurance and reinsurance company customers. Patriot Captive Management provides reinsurance management services to the segregated portfolio cell reinsurers that assume business written by Guarantee Insurance and PUI’s third party insurance company customers, as well as certain other segregated portfolio cell reinsurers.
Basis of Presentation	Basis of Presentation The accompanying consolidated financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America (GAAP) and pursuant to the rules and regulations of the Securities and Exchange Commission. For Contego Services Group, LLC, the Company’s consolidated subsidiary that is 97% owned, and for DecisionUR, LLC (“DecisionUR”), the Company’s consolidated subsidiary that is 98.8% owned, the third party holdings of equity interests are referred to as non-controlling interest. The portion of the third party members’ equity (deficit) of Contego Services Group, LLC is presented as non-controlling interest in the accompanying consolidated balance sheets as of December 31, 2015 and 2014. The Company discloses the following three measures of net income (loss): (i) net income (loss), including non-controlling interest in subsidiary, (ii) net income (loss) attributable to non-controlling interest in subsidiary, and (iii) net income (loss). Certain reclassifications have been made to the amounts reported in prior years’ consolidated financial statements in order to conform to the current year presentation. In the preparation of our consolidated financial statements as of December 31, 2015, management evaluated all material subsequent events or transactions that occurred after the balance sheet date through the date on which the financial statements were issued for potential recognition in our consolidated financial statements and/or disclosure in the notes thereto.

Summary of Significant Accoun28

Summary of Significant Accounting Policies and Recently Issued Financial Accounting Standards (Policies)	12 Months Ended
	Dec. 31, 2015
Accounting Policies [Abstract]
Use of Estimates	Use of Estimates The preparation of financial statements in accordance with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities as of the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Such estimates and assumptions could change in the future as more information becomes known and such changes could impact the amounts reported and disclosed herein. Adjustments related to changes in estimates are reflected in our results of operations in the period in which those estimates changed. Significant estimates inherent in the preparation of our consolidated financial statements include useful lives and impairments of long-lived tangible and intangible assets, accounting for income taxes and related uncertain tax positions, the valuation of warrant liabilities and accounting for business combinations.
Revenue Recognition	Revenue Recognition Brokerage and Policyholder Services . We generate fee income for underwriting and servicing workers’ compensation insurance policies for insurance companies, based on a percentage of premiums each writes for its customers. Brokerage and policyholder services are, in all material respects, provided prior to the issuance or renewal of the related policy. For insurance carrier clients who record written premium on the effective date of the policy based on the estimated total premium for the term of the policy, we recognize fee income on the effective date of the related insurance policy reduced by an allowance for estimated commission income that may be returned by us to such clients due to estimated net reduction in estimated total premium for the term of the policy, principally associated with mid-term policy cancellations. For insurance carrier clients who record written premium as premium is collected, we recognize fee income as the premium is collected, reduced by an allowance for estimated commission income that may be returned by us to such clients due to net returns of premiums previously written and collected. In each case, we record the revenue effects of subsequent premium adjustments when such adjustments become known. We have also historically recorded fee income for soliciting applications for workers’ compensation policies for Guarantee Insurance, a related party, pursuant to a producer agreement between GUI and Guarantee Insurance that we acquired as part of the GUI Acquisition, based on a percentage of premiums procured. The producer agreement provided that the percentage may be amended from time to time upon the mutual consent of the parties. For the year ended December 31, 2013, the fees based on a percentage of premium were waived in their entirety. This agreement was terminated effective August 6, 2014. Generally, as a historical matter, the policies we produced for our insurance carrier clients other than Guarantee Insurance featured payment plans spread across the terms of the respective policies. Because we record brokerage and policyholder services revenue on this business as premium is collected, the commission income we estimate that may be returned by us to such clients due to estimated net reductions in total premium for the term of the policy, principally associated with mid-term policy cancellations, was nominal. Accordingly, we did not maintain an allowance for estimated return commission income on business produced by us for insurance carrier clients other than Guarantee Insurance prior to August 6, 2014. Additionally, upon termination of our producer agreement with Guarantee Insurance, we and Guarantee Insurance agreed that there would be no further adjustments to commission income associated with changes in total premium for the term of the policy. Accordingly, we did not maintain an allowance for estimated return commission income pursuant to our producer agreement with Guarantee Insurance. Following the GUI Acquisition, we entered into a new agreement with Guarantee Insurance effective August 6, 2014 to provide marketing, underwriting and policyholder services. Guarantee Insurance records written premium on the effective date of the policy based on the estimated total premium for the term of the policy. Accordingly, we recorded an allowance for estimated return commission income of approximately $3.3 million for the year ended December 31, 2015, and $1.5 million for the period from August 6, 2014 to December 31, 2014. We experienced a significant increase in brokerage and policyholder services fee income from Guarantee Insurance as a result of the new agreement. We also generate fee income for establishing and administering segregated portfolio cell reinsurance arrangements for reinsurers that assume a portion of the underwriting risk from our insurance carrier clients, based on a flat annual fee which is recognize as revenue on a pro rata basis. Claims Administrative Services . We generate fee income for administering workers’ compensation claims for insurance and reinsurance companies, generally based on a percentage of earned premiums, grossed up for large deductible credits. We recognize this revenue over the period of time we are obligated to administer the claims as the underlying claims administration services are provided. For certain insurance and reinsurance carrier clients, the fee, which is based on a percentage of earned premiums grossed up for large deductible credits, represents consideration for our obligation to administer claims for a period of 24 months from the date of the first report of injury. For claims open longer than 24 months from the date of the first report of injury for these clients, we generate fee income for continuing to administer the claims, if so elected by the client, based on a fixed monthly fee which is recognized when earned. For certain other insurance and reinsurance clients, we have an obligation to administer the claims through their duration. We also generate fee income from non-related parties for administering workers’ compensation claims for state associations responsible for handling the claims of insolvent insurance companies based on a fixed amount per open claims per month. We generate fee income for services for insurance and reinsurance companies and other clients, including (i) claims investigative services, generally based on an hourly rate, (ii) loss control management services, based on a percentage of premium, (iii) workers’ compensation claimant transportation and translation services, generally based on an hourly rate, (iv) workers’ compensation claims subrogation services, based on a percentage of subrogation recovered on the date of recovery, (v) workers’ compensation claims legal bill review, based on a percentage of savings on the date that savings are established and (vi) certain other services, based on a fixed monthly fee. We generate fee income for negotiating and settling liens placed by medical providers on workers’ compensation claims for insurance and reinsurance companies and other clients, based on a percentage of savings resulting from the settlement of the lien. We recognize revenue from claims investigations, loss control service administration, claimant transportation and translation, claims subrogation services, workers’ compensation claims lien negotiations and reinsurance management services in the period that the services are provided. Fee income from related party represents fee income earned from Guarantee Insurance on brokerage and policyholder services and on claims administration services. Fee income earned from Guarantee Insurance for brokerage and policyholder services historically represents fees for soliciting applications for workers’ compensation insurance for Guarantee Insurance pursuant to a prior producer agreement that we acquired as part of the GUI Acquisition, based on a percentage of premiums written or other amounts negotiated by the parties. This agreement was terminated effective August 6, 2014. Following the GUI Acquisition, we entered into a new agreement with Guarantee Insurance effective August 6, 2014 to provide all of our brokerage and policyholder services. Accordingly, we experienced further significant increases in fee income from related party as a result of the agreement. Fee income earned from Guarantee Insurance for claims administration services is based on the net portion of claims expense retained by Guarantee Insurance pursuant to quota share reinsurance agreements between Guarantee Insurance, our third party insurance carrier clients and the segregated portfolio cell reinsurers that assume business written by Guarantee Insurance and such third party carriers. Certain fee income earned from segregated portfolio cell reinsurers is remitted to us by Guarantee Insurance on behalf of the segregated portfolio cell reinsurers. The allocation of marketing, underwriting and policy issuance costs from related party in our consolidated statements of operations represents costs reimbursed to Guarantee Insurance Group for rent and certain corporate administrative services. Management fees paid to related party for administrative support services in our consolidated statements of operations represent amounts paid to Guarantee Insurance Group for management oversight, legal, accounting, human resources and technology support services.
Restricted Cash	Restricted Cash Restricted cash is comprised of amounts received from our clients to be used exclusively for the payment of claims on behalf of such clients.
Fixed Assets and Other Long Term Assets (excluding Goodwill)	Fixed Assets and Other Long Term Assets (excluding Goodwill) Fixed assets are stated at cost, less accumulated depreciation. Expenditures for furniture and fixtures and computer equipment are capitalized and depreciated on a straight-line basis over a seven and five-year estimated useful life. Expenditures for leasehold improvements on office space and facilities are capitalized and amortized on a straight-line basis over the term of the lease. Other long term assets, which are solely comprised of capitalized policy and claims administration system development costs are also stated at cost, net of accumulated depreciation. Expenditures for capitalized policy and claims administration system development costs are capitalized and amortized on a straight line basis over a five-year estimated useful life. We periodically review all fixed assets and other long term assets that have finite lives for impairment whenever events or changes in circumstances indicate that the carrying amount may not be recoverable. Upon sale or retirement, the cost and related accumulated depreciation and amortization of assets disposed of are removed from the accounts, and any resulting gain or loss is reflected in earnings.
Goodwill	Goodwill Goodwill represents the excess of consideration paid over the fair value of net assets acquired. Goodwill is not amortized, but is tested at least annually for impairment (or more frequently if certain indicators are present or management otherwise believes it is appropriate to do so). In the event that management determines that the value of goodwill has become impaired, we will record a charge for the amount of impairment during the fiscal quarter in which the determination is made. We determined that there was no impairment as of December 31, 2015.
Commission Expense	Commission Expense Commission expense represents consideration paid by us to insurance agencies for producing business. Services provided by insurance agencies are, in all material respects, provided prior to the issuance or renewal of an insurance policy. With respect to business written for insurance carrier clients who record written premium on the effective date of the policy, we record commission expense on the effective date of the policy based on the estimated total premium for the term of the policy, reduced by an allowance for estimated commission expense that may be returned by the insurance agencies to us due to net reductions in estimated total premium for the term of the policy, principally associated with mid-term policy cancellations. With respect to business written for insurance carrier clients who record written premium as premium is collected, we recognize commission expense as the premium is collected, reduced by an allowance for estimated commission expense that may be returned by the insurance agencies to us due to net returns of premiums previously written and collected. The income effects of subsequent commission expense adjustments are recorded when the adjustments become known.
Income Taxes	Income Taxes We file consolidated federal income tax returns which include the results of our wholly and majority owned subsidiaries, which became our subsidiaries effective November 27, 2013 or as part of the Patriot Care Management Acquisition effective August 6, 2014. The tax liability of our company and its wholly and majority owned subsidiaries is apportioned among the members of the group in accordance with the portion of the consolidated taxable income attributable to each member of the group, as if computed on a separate return. To the extent that the losses of any member of the group are utilized to offset taxable income of another member of the group, we take the appropriate corporate action to “purchase” such losses. To the extent that a member of the group generates any tax credits, such tax credits are allocated to the member generating such tax credits. Prior to November 27, 2013, two of our subsidiaries were S Corporations, electing to pass corporate income through to the sole shareholder for federal tax purposes. The then sole shareholder was responsible for reporting his share of the taxable income or loss from such subsidiaries to the Internal Revenue Service. Accordingly, our consolidated statements of operations for the years ended December 31, 2013 and 2012 do not include a provision for federal income taxes attributable to the operations of these subsidiaries for the period from January 1, 2013 to November 27, 2013 or for the year ended December 31, 2012. Effective November 27, 2013, concurrent with the Reorganization, these subsidiaries were converted to C Corporations and their taxable income became subject to U.S. corporate federal income taxes. Another subsidiary of ours has identified its tax status as a limited liability company, electing to be taxed as a pass through entity. Prior to November 27, 2013, such subsidiary’s members were responsible for reporting their share of the entity’s taxable income or loss to the Internal Revenue Service. Accordingly, our consolidated statements of operations for the years ended December 31, 2013 and 2012 do not include a provision for federal income taxes attributable to this subsidiary’s operations for the period from January 1, 2013 to November 27, 2013 or for the year ended December 31, 2012. Effective November 27, 2013, following the Reorganization, we are responsible for reporting our share of that entity’s taxable income. Another subsidiary of ours is domiciled in a non-U.S. jurisdiction and, accordingly, is not subject to U.S. federal income taxes. We have no current intention of distributing unremitted earnings of this subsidiary to its U.S. domiciled parent. The cumulative net loss from this foreign subsidiary is approximately $0.3 million. Additionally, we believe that it is not practical to calculate the potential liability associated with such distribution due to the fact that dividends received from this subsidiary could bring additional foreign tax credits, which could ultimately reduce the U.S. tax cost of the dividend, and significant judgment is required to analyze any additional local withholding tax and other indirect tax consequences that may arise due to the distribution of these earnings. Accordingly, pursuant to ASC 740 (Tax Provisions), deferred taxes have not been provided for these undistributed foreign earnings in our consolidated statements of operations for the years ended December 31, 2015, 2014 and 2013. The income tax benefit in our consolidated statements of operations, included elsewhere in this Annual Report on Form 10-K, includes a provision for income taxes attributable to the revenues and expenses associated with the contracts and certain other assets acquired and liabilities assumed in the GUI Acquisition, as if GUI were included in our consolidated federal income tax return. In determining the quarterly provision for income taxes, management uses an estimated annual effective tax rate based on forecasted annual pre-tax income (loss), permanent tax differences, statutory tax rates and tax planning opportunities in the various jurisdictions in which we operate. The impact of significant discrete items is separately recognized in the periods in which they occur.
Fee Income Receivable and Fee Income Receivable from Related Party	Fee Income Receivable and Fee Income Receivable from Related Party Fee income receivable and fee income receivable from related party are based on contracted prices. We assess the collectability of these balances and adjust the receivable to the amount expected to be collected through an allowance for doubtful accounts. As of December 31, 2015 and 2014, we maintained an allowance for doubtful accounts of approximately $0.3 million and $0.1 million, respectively.
Segment Considerations	Segment Considerations We deliver our services to our customers through local offices in each region and financial information for our operations follows this service delivery model. All regions provide brokerage, underwriting and policyholder services as well as claims administration services. ASC 280, Segment Reporting, Section 280-10, establishes standards for the way that public business enterprises report information about operating segments in annual and interim consolidated financial statements. Our internal financial reporting is organized geographically, as discussed above, and managed on a geographic basis, with virtually all of our operating revenue generated within the United States. In accordance with ASC 280-10, multiple product offerings may be aggregated into a single operating segment for financial reporting purposes if aggregation is consistent with the objective and basic principles, if the segments have similar economic characteristics, and if the segments are similar in terms of (i) the nature of products and services, (ii) the nature of the production processes, (iii) the type or class of customer for their products and services and (iv) the methods used to distribute their products or provide their services. We believe each of our regional office operations meet these criteria, as each provides similar services and products to similar customers using similar methods of production and similar methods to distribute the services and products. Our products and services are generally offered as a complete and comprehensive outsourcing solution to its customers through a production process utilizing an integrated sales channel and technology platform that handles the entire brokerage, underwriting, policyholder services and claim administration services process. The operating results derived from the sale of brokerage and policyholder services and claims administration services are generally not reviewed separately by the our chief operating decision makers for purposes of assessing the performance of each service or making decisions about resources to be allocated to each service. Accordingly, we consider our business to operate in one segment.
Business Combinations	Business Combinations We account for business combinations using the acquisition method of accounting. This method requires the use of fair values in determining the carrying values of the purchased assets and assumed liabilities, which are recorded at fair value at acquisition date, and identifiable intangible assets are recorded at fair value. Costs directly related to the business combinations are recorded as expenses as they are incurred. Fair values are subject to refinement for up to one year after the closing date of an acquisition as information relative to closing date fair values become available.
Public Offering Costs	Public Offering Costs We recognized $1.2 million of expense for public offering costs in the year ended December 31, 2015, reflecting expenses incurred for the proposed secondary offering, which management terminated prior to completion. Costs incurred for the initial public offering were applied to net proceeds in the computation of equity.
Acquisition Costs	Acquisition Costs Acquisition costs reflect the direct expenses attributable to mergers and acquisitions activities. These include professional services, travel costs, and expenses for incentives paid to executives and key employees associated with completed acquisitions under the Acquisition Incentive Plan.
Advance on Facilitation Agreement	Advance on Facilitation Agreement The company paid an advance of $2.0 million concurrent with the execution of a Managing Producer Agreement, for the purpose of initiating additional programs with certain carrier clients. The advance is subject to a clawback provision related to performance under the agreement effective eighteen months from the execution date of October 29, 2015.
Stock Based Compensation	Stock Based Compensation We recognize compensation expense for awards of equity instruments to employees based on the grant-date fair value of those awards, with limited exceptions, over the requisite service period.
Earnings per Share	Earnings per Share Basic earnings per share is computed based on the weighted average number of shares of common stock outstanding during the period. Diluted earnings per share is computed based on the weighted average number of shares of common stock plus the effect of dilutive potential common shares outstanding during the period using the treasury stock method. Dilutive potential common shares include detachable common stock warrants, stock-based awards of restricted shares and stock options, and contingent shares attributable to deferred purchase consideration.
JOBS Act	JOBS Act The JOBS Act contains provisions that, among other things, allows an emerging growth company to take advantage of specified reduced reporting requirements. In particular, the JOBS Act provides that an emerging growth company can utilize the extended transition period provided in Section 7(a)(2)(B) of the Securities Act for complying with new or revised accounting standards. We have elected to take advantage of such extended transition period, and, as a result, we will not be required to comply with new or revised accounting standards on the relevant dates on which adoption of such standards is required for companies that are not emerging growth companies.
Recently Issued Financial Accounting Standards	Recently Issued Financial Accounting Standards In February, 2016 The FASB issued an Accounting Standards Update (ASU) intended to improve financial reporting about leasing transactions. The ASU affects all companies and other organizations that lease assets such as real estate, airplanes, and manufacturing equipment. The ASU will require organizations that lease assets—referred to as “lessees”—to recognize on the balance sheet the assets and liabilities for the rights and obligations created by those leases. Under the new guidance, a lessee will be required to recognize assets and liabilities for leases with lease terms of more than 12 months. Consistent with current Generally Accepted Accounting Principles (GAAP), the recognition, measurement, and presentation of expenses and cash flows arising from a lease by a lessee primarily will depend on its classification as a finance or operating lease. However, unlike current GAAP—which requires only capital leases to be recognized on the balance sheet—the new ASU will require both types of leases to be recognized on the balance sheet. The ASU also will require disclosures to help investors and other financial statement users better understand the amount, timing, and uncertainty of cash flows arising from leases. These disclosures include qualitative and quantitative requirements, providing additional information about the amounts recorded in the financial statements. The ASU on leases will take effect for public companies for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2018. For all other organizations, the ASU on leases will take effect for fiscal years beginning after December 15, 2019, and for interim periods within fiscal years beginning after December 15, 2020. Early application will be permitted for all organizations. The company is currently reviewing the impact that implementing this ASU will have. In November 2015, the FASB issued new accounting guidance related to income taxes, which simplifies the presentation of deferred income taxes by requiring deferred tax assets and liabilities be classified as noncurrent on the balance sheet. The updated standard is effective for us beginning on January 1, 2017 with early application permitted as of the beginning of any interim or annual reporting period. We plan to adopt the new guidance in 2016, which is not expected to have a material impact on our consolidated financial statements other than reclassifying current deferred tax assets and liabilities to noncurrent in the balance sheet. See Note 16 to our consolidated financial statements for a discussion on income tax balances In September 2015, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") 2015-16, “Simplifying the Accounting for Measurement-Period Adjustments”, an update to Accounting Standard Codification (“ASC”) Business Combinations In April 2015, the FASB issued ASU 2015-03, “Simplifying the Presentation of Debt Issuance Costs”. The update requires that debt issuance costs related to a recognized debt liability be presented in the balance sheet as a direct deduction from the carrying amount of the related debt liability instead of being presented as an asset. The update requires retrospective application. ASU 2015-03 is effective for fiscal years, and interim reporting periods within those years, beginning after December 15, 2015. We are currently evaluating the financial impact of this standard. In August 2014, the FASB issued ASU ASC Presentation of Financial Statements – Going Concern In May 2014, the FASB issued ASU Revenue from Contracts with Customers In April 2014, the FASB issued ASU 2014-08, “Reporting Discontinued Operations”, regarding ASC Topic 205, Presentation of Financial Statements Property, Plant and Equipment

Business Combinations (Tables)

Business Combinations (Tables)	12 Months Ended
	Dec. 31, 2015
Business Acquisition [Line Items]
Summary of Unaudited Pro Forma Historical Results	The following is a summary of the unaudited pro forma historical results, as if these entities and the 2014 acquisitions described below had been acquired at January 1, 2014 (in thousands, except per share data): For the Year Ended December 31, In thousands (except per share data) 2015 2014 Total revenues 235,248 197,449 Net (loss) income (4,260 ) 13,545 Basic net (loss) income per share $ (0.16 ) $ 0.86 Diluted net (loss) income per share (0.16 ) 0.86
2015 Acquisitions
Business Acquisition [Line Items]
Summary of Purchase Prices of Businesses Acquired	These acquisitions have been accounted for using the acquisition method for recording business combinations, except for DecisionUR, as further discussed below. Name and Effective Date of Acquisition (In thousands): Cash Paid Stock Issued Accrued Liability Deferred Purchase Consideration Recorded Earnout Payable Maximum Potential Earnout Payable Total Recorded Purchase Price Phoenix Risk Management, Inc (January 31, 2015) $ 1,099 $ — $ — $ — $ 2,435 $ 3,000 $ 3,534 DecisionUR, LLC (February 5, 2015) 2,240 — 23 — — — 2,240 Capital & Guaranty, LLC (February 9, 2015) 175 — — — 175 175 350 TriGen Holding Group, Inc (March 31, 2015) 3,340 — 3,364 4,456 1,433 1,500 9,228 Hospitality Supportive Systems, LLC (April 1, 2015) 9,650 — — — — — 9,650 Selective Risk Management, LLC (April 1, 2015) 3,846 — — — — — 3,846 Vikaran Solutions, LLC (April 17, 2015) 8,500 — 152 — — — 8,500 Corporate Claims Management, Inc (April 24, 2015) 7,900 — 4,434 — 825 1,000 8,725 Candid Investigation Services, LLC (May 8, 2015) 1,184 — — — 216 300 1,400 Brandywine Insurance Advisors, LLC (May 22, 2015) 3,000 — — — 220 1,205 3,220 Infinity Insurance Solutions, LLC (June 1, 2015) 1,750 — 100 — 552 650 2,302 InsureLinx, Inc (June 12, 2015) 6,300 — 1,840 — — — 6,300 The Carman Corporation (June 15, 2015) 2,000 — — — — — 2,000 CWI Benefits, Inc (July 9, 2015) 2,480 — 2,061 — 3,400 4,675 5,880 Restaurant Coverage Associates, Inc (August 14, 2015) 750 — — — 1,725 1,825 2,475 Risk Control Associates, Inc (August 14, 2015) 250 — 650 — 575 675 825 Global HR Research LLC (August 21, 2015) 28,739 10,898 2,679 1,672 — — 41,309 Total $ 83,203 $ 10,898 $ 15,303 $ 6,128 $ 11,556 $ 15,005 $ 111,784
Aggregate Estimated Fair Values of the Net Assets Acquired	The following is a summary of the aggregate estimated fair values of the net assets acquired at the date of each of the acquisitions made in the nine months ended December 31, 2015: In thousands Total Assets Acquired: Cash $ 2,316 Restricted cash 6,591 Accounts receivable 4,840 Fixed assets 2,002 Other assets 2,272 Goodwill 56,648 Intangible assets: Customer & carrier relationships 31,039 Service contracts 320 Non-compete agreements 4,739 Developed technology 13,268 Trade name portfolio 3,029 Total intangible assets 52,395 Total assets acquired 127,064 Liabilities assumed 15,280 Total net assets acquired $ 111,784
GUI
Business Acquisition [Line Items]
Summary of Purchase Prices of Businesses Acquired	The total purchase price was comprised of the following consideration (in thousands): In thousands Cash $ 30,000 Note receivable from related party, including accrued interest thereon, transferred to GUI 28,821 Certain receivable balances transferred to GUI, net of allowance for uncollectible fee income receivable of $2,544 — Less settlement of amounts payable to GUI (3,744 ) Total Purchase Price $ 55,077
Aggregate Estimated Fair Values of the Net Assets Acquired	The carrying amounts of the net identifiable assets acquired were as follows as of August 6, 2014 (in thousands): In thousands Capitalized policy and claims administration software development costs $ 13,645 Computer equipment, furniture and fixtures 2,947 Leasehold improvements 2,291 Total fixed assets 18,883 Less accumulated depreciation (7,444 ) Gross identifiable assets acquired 11,439 Less capital lease obligation assumed, including accrued interest thereon (5,512 ) Net Identifiable Assets Acquired $ 5,927
Consideration Paid in Excess of Carrying Amounts for Net Assets Acquired	The consideration paid in excess of GUI’s carrying amounts for the net assets acquired as of August 6, 2014, which was charged to equity as a deemed dividend, was as follows (in thousands): In thousands Total consideration $ 55,077 Less net identifiable assets acquired (5,927 ) Deemed dividend 49,150 Deferred tax asset (19,114 ) Valuation allowance 6,258 Net Deemed Dividend $ 36,294
SPV2
Business Acquisition [Line Items]
Consideration Paid in Excess of Carrying Amounts for Net Assets Acquired	The consideration paid in excess of SPV2’s carrying amounts for the net assets acquired as of August 6, 2014, which was charged to equity as a deemed dividend, was as follows (in thousands): In thousands Total consideration $ 19,971 Less net identifiable assets acquired (7,721 ) Deemed dividend $ 12,250
PCM
Business Acquisition [Line Items]
Aggregate Estimated Fair Values of the Net Assets Acquired	The fair value of net identifiable tangible and intangible assets, as of the acquisition date, was as follows (in thousands): In thousands Cash $ 912 Fee income receivable 413 Fee income receivable from related party 3,142 Income tax recoverable 186 Deferred tax asset 967 Other assets 572 Total Current Assets 6,192 Fixed assets, net 99 Intangible assets 34,800 Total Assets 41,091 Accounts payable and accrued expenses (1,309 ) Deferred tax liability (13,920 ) Net Identifiable Assets Acquired $ 25,862
Goodwill Recognized	Goodwill as of August 6, 2014, recognized as a result of the acquisition, was as follows (in thousands): In thousands Total consideration $ 77,402 Less net identifiable assets acquired (25,862 ) Goodwill $ 51,540

Equity and Fixed Income Secur30

Equity and Fixed Income Securities (Tables)	12 Months Ended
	Dec. 31, 2015
Investments Debt And Equity Securities [Abstract]
Schedule of Major Classes of Investments	As of December 31, 2015, our major classes of investments consisted of the following: As of December 31, 2015 In thousands Cost Basis Unrealized Gains Unrealized Losses Fair Value Equity and Fixed Income Security Investments Common and preferred stocks $ 429 $ — $ (45 ) $ 384 Corporate notes and bonds 2,939 — (150 ) 2,789 Total $ 3,368 $ — $ (195 ) $ 3,173

Fixed Assets And Other Long T31

Fixed Assets And Other Long Term Assets(Tables)	12 Months Ended
	Dec. 31, 2015
Fixed Assets And Other Long Term Assets [Abstract]
Major Classes of Fixed Assets	As of December 31, 2015 and 2014, major classes of fixed assets consist of the following (in thousands): As of December 31, In thousands 2015 2014 Fixed Assets Computer equipment, software and furniture and fixtures $ 8,124 $ 5,722 Building 1,428 - Leasehold improvements 3,733 2,545 Total fixed assets 13,285 8,267 Less accumulated depreciation and amortization (8,193 ) (6,388 ) Fixed assets, net of accumulated depreciation and amortization $ 5,092 $ 1,879
Other Long Term Assets	As of December 31, 2015 and 2014, other long term assets consisted of the following (in thousands): As of December 31, In thousands 2015 2014 Other long term assets Capitalized policy and claims administration system development costs $ 17,712 $ 13,093 Less accumulated depreciation (6,284 ) (3,251 ) Other long term assets, net of accumulated depreciation $ 11,428 $ 9,842

Goodwill and Other Intangible32

Goodwill and Other Intangible Assets (Tables)	12 Months Ended
	Dec. 31, 2015
Goodwill And Intangible Assets Disclosure [Abstract]
Summary of Changes in Goodwill	Changes in goodwill are summarized as follows: As of December 31, In thousands 2015 2014 Goodwill Balance at January 1, 2015 and 2014 $ 61,493 $ 9,953 Goodwill acquired during the year 56,648 51,540 Balance as of December 31, 2015 and 2014 $ 118,141 $ 61,493
Schedule of Intangible Assets Including Original Fair Values and Net Book Values	The intangible assets, their original fair values, and their net book values are detailed below as of the dates presented: December 31, 2015 December 31, 2014 In thousands Gross Asset Accumulated Amortization Net Asset Gross Asset Accumulated Amortization Net Asset Intangible Assets Service contracts $ 35,120 $ (6,204 ) $ 28,916 $ 34,800 $ (1,812 ) $ 32,988 Customer and carrier relationships 31,039 (1,947 ) 29,092 — — — Non-compete agreements 4,739 (1,505 ) 3,234 — — — Developed technology 13,268 (1,647 ) 11,621 — — — Trade names 3,029 (211 ) 2,818 — — — Total $ 87,195 $ (11,514 ) $ 75,681 $ 34,800 $ (1,812 ) $ 32,988
Schedule of Estimated Future Amortization Expense of Intangible Assets	As of December 31, 2015 the table below is the estimated amortization expense for the Company’s intangible assets for each of the next five years and thereafter: In thousands December 31, 2015 Amortization expense 2016 $ 12,953 2017 11,438 2018 10,599 2019 10,599 2020 8,958 Thereafter 21,134 Total $ 75,681

Notes Payable and Lines of Cr33

Notes Payable and Lines of Credit (Tables)	12 Months Ended
	Dec. 31, 2015
Debt Disclosure [Abstract]
Notes Payable	Notes payable, including accrued interest thereon, were comprised of the following (in thousands): As of December 31, In thousands 2015 2014 BMO Senior Secured Term Loans $ 106,500 $ — PennantPark Loan Agreement — 63,285 UBS Credit Agreement — 56,288 Gross Notes Payable and Current Portion of Notes Payable 106,500 119,573 Less original issue discount — (3,085 ) Less value attributable to stock warrants — (5,667 ) Notes Payable and Current Portion of Notes Payable 106,500 110,821 Less current portion of notes payable (5,500 ) (15,782 ) Notes Payable $ 101,000 $ 95,039

Capital Lease Obligations (Tabl

Capital Lease Obligations (Tables)	12 Months Ended
	Dec. 31, 2015
Capital Lease Obligations
Debt Instrument [Line Items]
Schedule of Future Payments on Capital Lease Obligations Based on Interest Rate Swap Rate	The Company’s obligations for future payments on the capital lease as of December 31, 2015, based on the interest rate swap rate in effect on that date, are as follows: In thousands Principal Interest Total Payments on Capital Lease 2016 2,232 43 2,275 Total $ 2,232 $ 43 $ 2,275

Earnings Per Share (Tables)

Earnings Per Share (Tables)	12 Months Ended
	Dec. 31, 2015
Earnings Per Share [Abstract]
Components of Basic and Diluted EPS	The components of basic and diluted EPS are as follows: For the Year Ended December 31, In thousands (except earnings per share) 2015 2014 2013 Basic net earnings (loss) per share Net income (loss) available to common shareholders $ (5,375 ) $ 10,414 $ (6,186 ) Weighted average number of common shares outstanding 26,425 15,754 14,288 Basic net earnings (loss) per share $ (0.20 ) $ 0.66 $ (0.43 ) Diluted net earnings (loss) per share Net income (loss) available to common shareholders $ (5,375 ) $ 10,414 $ (6,186 ) Adjustments to net income (loss) applicable to dilutive shares — — — Net earnings (loss) attributable to diluted shares $ (5,375 ) $ 10,414 $ (6,186 ) Weighted average number of common shares outstanding 26,425 15,754 14,288 Dilutive effect of warrants, options, and restricted shares using the treasury stock method — — — Weighted average number of common and common equivalent shares outstanding 26,425 15,754 14,288 Diluted net earnings (loss) per share $ (0.20 ) $ 0.66 $ (0.43 )

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	12 Months Ended
	Dec. 31, 2015
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Schedule of Significant Assumptions Used in Black-Scholes Model to Estimate Fair Value of Stock Options	The fair values of these stock options were estimated using the Black-Scholes valuation model with the following weighted-average assumptions: Year Ended December 31, In thousands 2015 Expected dividend yield 0 % Risk-free interest rate (1) 0.49 % Expected volatility (2) 33.02 % Expected life in years (3) 3.0 (1) The risk-free interest rate for the periods within the contractual term of the options is based on the U.S. Treasury yield curve in effect at the time of the grant. (2) The expected volatility is a measure of the amount by which a stock price has fluctuated or is expected to fluctuate based primarily on our and our peers' historical data. (3) The expected life is the period of time, on average, that participants are expected to hold their options before exercise based primarily on our historical data.
Summary of Stock Options Activity	Option activity for the twelve months ended December 31, 2015 was as follows: In thousands, except weighted-average price and remaining contractual term Number of Shares Weighted-Average Exercise Price Weighted-Average Remaining Contractual Term Aggregate Intrinsic Value Options outstanding at December 31, 2014 — $ — Options granted 1,378 $ 14.47 Options exercised — $ — Options cancelled or forfeited (173 ) $ 14.90 Options outstanding at December 31, 2015 1,205 $ 14.41 9.2 $ — Options expected to vest at December 31, 2015 1,205 $ 14.41 9.2 $ — Options exercisable at December 31, 2015 40 $ 14.00 9.2 $ —
Summary of Grants of Restricted Shares	Grants of restricted shares for the twelve months ended December 31, 2015 were as follows: In thousands, except weighted-average fair value price Number of Shares Weighted-Average Grant-Date Fair Value Unvested restricted shares outstanding at December 31, 2014 — $ — Restricted shares granted 908 $ 14.41 Restricted shares vested (311 ) $ 14.00 Restricted shares forfeited (43 ) $ 14.59 Unvested restricted shares outstanding as of December 31, 2015 554 $ 14.63
Restricted Stock Unit
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Summary of Grants of Restricted Shares	In thousands, except weighted-average fair value price Number of Shares Weighted-Average Grant-Date Fair Value Unvested restricted stock units outstanding at December 31, 2014 — $ — Restricted stock units granted 200 $ 14.96 Restricted stock units vested — $ — Restricted stock units forfeited (31 ) $ 14.70 Unvested restricted stock units outstanding as of December 31, 2015 169 $ 15.03

Fair Value Measurement of Fin37

Fair Value Measurement of Financial Assets and Liabilities (Tables)	12 Months Ended
	Dec. 31, 2015
Fair Value Disclosures [Abstract]
Summary of Fair Value Measurement of Equity and fixed Income Security Investments	The Company’s equity and fixed income security investments and forward purchase assets for which carrying values were equal to fair values, classified by level within the fair value hierarchy, were as follows as of December 31, 2015: Fair Value Measurement, Using December 31, 2015 (in thousands) Quoted Prices in Active Markets for Identical Securities (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Total Common and preferred stocks $ 384 $ — $ — $ 384 Corporate notes and bonds 2,789 — — 2,789 Forward purchase asset — — 28,120 28,120 Total $ 3,173 $ — $ 28,120 $ 31,293 The Company’s earnout payable on acquisitions, deferred purchase consideration, and warrant redemption liability, for which carrying values were equal to fair values, classified by level within the fair value hierarchy, were as follows as of December 31, 2015 and 2014: Fair Value Measurement, Using December 31, 2015 (in thousands) Quoted Prices in Active Markets for Identical Securities (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Total Earnout payable on acquisitions $ — $ — $ 12,383 $ 12,383 Deferred purchase consideration — — 6,128 6,128 Warrant redemption liability — — 28,120 28,120 Total $ — $ — $ 46,631 $ 46,631 Fair Value Measurement, Using December 31, 2014 (in thousands) Quoted Prices in Active Markets for Identical Securities (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Total Earnout payable on acquisitions $ — $ — $ — $ — Deferred purchase consideration — — — — Warrant redemption liability — — 12,879 12,879 Total $ — $ — $ 12,879 $ 12,879
Summary of Reconciliation of the Fair Value of Financial Assets	The following is a reconciliation of the fair value of the Company’s financial assets that were measured using significant unobservable (Level 3) inputs: Year Ended December 31, 2015 (in thousands) Forward Purchase Asset Fair value, January 1, 2015 $ — Record fair value of forward purchase asset 27,300 Record increase in fair value of forward purchase asset 820 Fair Value, December 31, 2015 $ 28,120
Summary of Reconciliation of the Fair Value of Financial Liabilities	The following is a reconciliation of the fair value of the Company’s financial liabilities that were measured using significant unobservable (Level 3) inputs: Year Ended December 31, 2015 (in thousands) Earnout Payable Deferred Purchase Consideration Warrant Redemption Liability Total Fair value, January 1, 2015 $ — $ — $ 12,879 $ 12,879 Record present value earnout payable on acquisitions 18,808 — — 18,808 Increase in fair value of earnout payable 827 — — 827 Earnout payments made (7,252 ) — — (7,252 ) Record deferred purchase consideration on acquisitions — 15,762 — 15,762 Payments made on deferred purchase consideration — (9,634 ) — (9,634 ) Exercise of PennantPark warrants — — (9,995 ) (9,995 ) Decrease in fair value of PennantPark warrant redemption liability — — (1,385 ) (1,385 ) Contribute remaining Pennant Park liability due to equity warrants — — (1,499 ) (1,499 ) Record fair value of Series A and B warrant liability — — 27,300 27,300 Record increase in fair value of Series A and B warrant liability — — 820 820 Fair Value, December 31, 2015 $ 12,383 $ 6,128 $ 28,120 $ 46,631 Year Ended December 31, 2014 (in thousands) Earnout Payable Deferred Purchase Consideration Warrant Redemption Liability Total Fair value, January 1, 2014 $ — $ — $ 6,934 $ 6,934 Warrants subject to redemption liability issued — — 4,122 4,122 Increase in fair value of common stock and warrant redemption liability — — 1,823 1,823 Fair Value, December 31, 2014 $ — $ — $ 12,879 $ 12,879

Commitment and Contingencies (T

Commitment and Contingencies (Table)	12 Months Ended
	Dec. 31, 2015
Commitments And Contingencies Disclosure [Abstract]
Schedule of Long-term Debt and Contractual Commitments	The table below provides information with respect to our long-term debt and contractual commitments as of December 31, 2015: Payments Due by Period In thousands 2016 2017 2018 2019 2020 Thereafter Total Long-term debt obligations $ 5,500 $ 7,562 $ 8,250 $ 10,313 $ 74,875 $ — $ 106,500 Short-term revolver debt obligations — — — — 18,032 — 18,032 Interest on debt 4,272 4,049 3,778 3,459 70 — 15,628 Acquisition earnouts 10,556 1,827 — — — — 12,383 Deferred purchase consideration 6,128 — — — — — 6,128 Operating lease obligations 5,461 5,032 4,089 3,678 2,751 1,744 22,755 Capital lease obligation 2,275 — — — — — 2,275 Total contractual obligations $ 34,192 $ 18,470 $ 16,117 $ 17,450 $ 95,728 $ 1,744 $ 183,701

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2015
Schedule of Income Tax Provision (Benefits)	The components of the consolidated income tax provision are as follows: For the Year Ended December 31, In thousands 2015 2014 2013 Current income tax expense (benefit) $ 4,816 $ 12,270 $ (3,774 ) Deferred income tax expense before increase in valuation allowance (5,881 ) (651 ) 1,785 Net Income Tax Benefit before Increase in Valuation Allowance (1,065 ) 11,619 (1,989 ) Increase in valuation allowance 5,936 16 2,701 Net Income Tax Expense $ 4,871 $ 11,635 $ 712
Schedule of Reconciliation Provision for Income Taxes	A reconciliation of the provision for income taxes with the U.S. Federal statutory income tax rate is as follows (in thousands, except percentages): 2015 2014 2013 In thousands Amount Rate Amount Rate Amount Rate (Loss) Income before income tax expense $ (394 ) $ 22,094 $ (5,556 ) Income tax expense (benefit) at statutory federal rate (134 ) 34.0 % 7,733 35.0 % (1,889 ) 34.0 % State income tax (benefit), net of federal deduction 967 (245.4 ) 1,153 5.2 (63 ) 1.1 Tax effect of: Loss on exchange of units and warrants — — — — 52 (0.9 ) Gain on redemption of MCMC Units attributable to difference between tax basis and book basis — — 1,883 8.5 — — Expenses incurred in connection with acquisitions 24 (6.1 ) 247 1.1 — — Effect of rate change on deferred tax assets (1,438 ) 365.0 — — — — Amortization of loan discounts and loan costs — — — — 1,538 (27.7 ) PSI, PRS and Forza income passed through to the sole shareholder for federal tax purposes for the period January 1, 2013 to November 27, 2013 and the year ended December 31, 2012 — — — — (1,992 ) 35.9 Contego Services Group, Inc. loss passed through to the members for federal tax purposes for the period January 1, 2013 to November 27, 2013 and the year ended December 31, 2012 — — — — 51 (0.9 ) (Decrease) Increase in fair value of warrant redemption liability (471 ) 119.5 638 2.9 — — Gain on rescission and exchange agreement (207 ) 52.5 — — — — Deferred tax liability established effective November 27, 2013, attributable to goodwill arising from December 14, 2011 acquisition of PRS — — — — 291 (5.2 ) Patriot Captive Management (income) loss not subject to U.S. federal income taxes as a non-U.S.-domiciled company (102 ) 25.9 22 0.1 23 (0.4 ) Other items, net 296 (75.1 ) (57 ) (0.3 ) — — Actual Income Tax Expense (Benefit) before Increase in Valuation Allowance (1,065 ) 270.3 11,619 52.6 (1,989 ) 35.8 Increase in valuation allowance 5,936 (1,506.6 ) 16 0.1 2,701 (48.6 ) Actual Income Tax Expense $ 4,871 (1,236.3 ) % $ 11,635 52.7 % $ 712 (12.8 ) %
Components of Deferred Tax Assets and Liabilities	Significant components of our deferred tax assets and liabilities are as follows (in thousands): In thousands December 31, 2015 December 31, 2014 Deferred tax assets: Purchased intangibles $ 17,672 $ 19,114 Accrued liabilities and other deferred tax assets 3,648 351 Total deferred tax assets 21,320 19,465 Valuation allowance for deferred tax assets (12,194 ) (6,258 ) Deferred tax assets 9,126 13,207 Deferred tax liabilities: Nondeductible amortizable intangible assets 9,126 13,195 Depreciable fixed assets — 12 Total deferred tax liabilities $ 9,126 $ 13,207 Net deferred tax liabilities $ — $ —
Pro Forma [Member]
Schedule of Income Tax Provision (Benefits)	The pro forma net income tax benefit is comprised of the following: For the Year Ended December 31, In thousands 2013 Current income tax benefit $ (2,174 ) Deferred income tax expense before increase in valuation allowance 1,565 Net Income Tax Benefit before Increase in Valuation Allowance (609 ) Increase in valuation allowance 2,701 Net Income Tax Expense $ 2,092
Schedule of Reconciliation Provision for Income Taxes	The Company’s pro forma income tax rates, expressed as a percent of net income before income tax expense, vary from statutory federal income tax rates due to the following: 2013 In thousands Amount Rate (Loss) Income before income tax expense $ (5,556 ) Income tax expense (benefit) at statutory federal rate (1,889 ) 34.0 State income tax (benefit), net of federal deduction (20 ) 0.4 Tax effect of: Loss on exchange of units and warrants 52 (0.9 ) Amortization of loan discounts and loan costs 1,677 (30.2 ) Difference in tax basis of net identifiable liabilities assumed in acquisition pursuant to Internal Revenue Code §338(h)(10) election (492 ) 8.9 Patriot Captive Management (income) loss not subject to U.S. federal income taxes as a non-U.S.-domiciled company 23 (0.4 ) Other items, net 40 (0.7 ) Actual Income Tax Expense (Benefit) before Increase in Valuation Allowance (609 ) 11.0 Increase in valuation allowance 2,701 (48.6 ) Actual Income Tax Expense $ 2,092 (37.7 )

Quarterly Operating Results (40

Quarterly Operating Results (unaudited) (Table)	12 Months Ended
	Dec. 31, 2015
Quarterly Financial Information Disclosure [Abstract]
Schedule of Quarterly Operating Results (unaudited)	Quarterly operating results for 2015 and 2014 were as follows (in thousands, except per share data): For the Year Ended December 31, In thousands 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter 2015 Total fee income and fee income from related party $ 42,992 $ 47,388 $ 58,532 $ 60,852 Total revenues $ 42,993 $ 47,332 $ 58,523 $ 60,872 Total expenses 51,146 45,987 53,345 59,636 Net (loss) income before income tax expense $ (8,153 ) $ 1,345 $ 5,178 $ 1,236 Net (Loss) Income (4,816 ) 1,020 3,788 (5,367 ) Basic net (loss) income per share $ (0.19 ) $ 0.04 $ 0.14 $ (0.19 ) Diluted net (loss) income per share $ (0.19 ) $ 0.04 $ 0.14 $ (0.19 ) 2014 Total fee income and fee income from related party $ 15,599 $ 15,453 $ 31,433 $ 40,245 Total revenues $ 15,808 $ 15,742 $ 45,469 $ 40,245 Total expenses 13,348 20,955 19,440 41,427 Net income (loss) before income tax expense $ 2,460 $ (5,213 ) $ 26,029 $ (1,182 ) Net Income (Loss) 1,502 (5,597 ) 16,902 (2,393 ) Basic net income (loss) per share $ 0.11 $ (0.39 ) $ 1.03 $ (0.13 ) Diluted net income (loss) per share $ 0.10 $ (0.39 ) $ 0.46 $ (0.13 ) (1) Year over year quarterly as well as quarter to quarter results may not be comparable due to timing of the inclusion of acquistions. (2) The sum of quarterly EPS may not agree with the years’ EPS.

Valuation and Qualifying Acco41

Valuation and Qualifying Accounts (Tables)	12 Months Ended
	Dec. 31, 2015
Text Block [Abstract]
Valuation and Qualifying Accounts Deducted From Assets	Valuation and qualifying accounts deducted from the assets to which they apply: In thousands Balance at Beginning of Period Provision for Doubtful Accounts Deductions Balance at End of Period 2015 Total - allowance for uncollectible fee income receivable $ 136 $ 351 $ (232 ) $ 255 2014 Total - allowance for uncollectible fee income receivable $ 2,544 $ 502 $ (2,910 ) $ 136

Description of Business and B42

Description of Business and Basis of Presentation - Additional Information (Details) - Services	Dec. 31, 2015	Feb. 05, 2015
Description Of Business And Basis Of Presentation [Line Items]
Number of services offered	2
Contego Services Group, LLC
Description Of Business And Basis Of Presentation [Line Items]
Ownership interest percentage in the subsidiary	97.00%
DecisionUR, LLC
Description Of Business And Basis Of Presentation [Line Items]
Ownership interest percentage in the subsidiary	98.80%	98.80%

Summary of Significant Accoun43

Summary of Significant Accounting Policies and Recently Issued Financial Accounting Standards - Additional Information (Details)	5 Months Ended	12 Months Ended
	Dec. 31, 2014USD ($)	Dec. 31, 2015USD ($)Segment	Dec. 31, 2014USD ($)	Dec. 31, 2013USD ($)
Summary Of Significant Accounting Policies [Line Items]
Allowance for estimated commission income		$ 351,000	$ 502,000	$ 2,544,000
Fixed assets, basis of valuation		Fixed assets are stated at cost, less accumulated depreciation
Impairment of goodwill		$ 0	0
Cumulative net loss from foreign subsidiary		300,000
Allowance for doubtful accounts	$ 100,000	$ 300,000	$ 100,000
Business operating segments | Segment		1
Public offering costs		$ 1,229,000
Advance on facilitation agreement		2,000,000
Facilitation Agreement
Summary Of Significant Accounting Policies [Line Items]
Advance on facilitation agreement		$ 2,000,000
Effective period for agreement advance payment		18 months
Execution date of agreement		Oct. 29, 2015
Furniture and Fixtures
Summary Of Significant Accounting Policies [Line Items]
Estimated useful life		7 years
Computer Equipment
Summary Of Significant Accounting Policies [Line Items]
Estimated useful life		5 years
Capitalized Policy and Claims Administration System Development Costs
Summary Of Significant Accounting Policies [Line Items]
Estimated useful life		5 years
GUI
Summary Of Significant Accounting Policies [Line Items]
Termination effective date		Aug. 6, 2014
Allowance for estimated commission income	$ 1,500,000	$ 3,300,000
Related party transaction, description of transaction		We also generate fee income for establishing and administering segregated portfolio cell reinsurance arrangements for reinsurers that assume a portion of the underwriting risk from our insurance carrier clients, based on a flat annual fee which is recognize as revenue on a pro rata basis
Claims Administrative Services
Summary Of Significant Accounting Policies [Line Items]
Obligation to administer claims period		24 months

Business Combinations - Additio

Business Combinations - Additional Information (Details)

Nov. 20, 2015USD ($)shares

Aug. 21, 2015USD ($)shares

Apr. 17, 2015USD ($)

Aug. 06, 2014USD ($)shares

Dec. 31, 2015USD ($)

Sep. 30, 2015USD ($)

Jun. 30, 2015USD ($)

Mar. 31, 2015USD ($)

Dec. 31, 2014USD ($)

Sep. 30, 2014USD ($)

Jun. 30, 2014USD ($)

Mar. 31, 2014USD ($)

Dec. 31, 2016USD ($)

Dec. 31, 2015USD ($)Business

Dec. 31, 2014USD ($)

Dec. 31, 2013USD ($)

Dec. 02, 2014

Business Acquisition [Line Items]

Number Of Businesses Acquired | Business

17

Business acquisition, earnout payable

$ 12,400,000

$ 12,400,000

Business acquisition, maximum potential earnout payable

15,005,000

15,005,000

Business acquisition, recorded earnout payable

11,556,000

11,556,000

Increase in fair value of earn-out liability

827,000

Business acquisition, cash paid

83,203,000

Business acquisition, stock issued

10,898,000

Total revenues

60,872,000

$ 58,523,000

$ 47,332,000

$ 42,993,000

$ 40,245,000

$ 45,469,000

$ 15,742,000

$ 15,808,000

209,720,000

$ 117,264,000

$ 55,910,000

Business acquisition, deferred purchase consideration

6,128,000

Asset impairment charges

0

0

Total Revenue

36,000,000

Net income or loss

2,000,000

Total purchase price

111,784,000

Valuation allowance

12,194,000

$ 6,258,000

12,194,000

6,258,000

Net gains (losses) on investments

(179,000)

14,038,000

$ (50,000)

Global HR Research LLC

Business Acquisition [Line Items]

Business acquisition, cash paid

$ 28,700,000

$ 24,000,000

28,739,000

Business acquisition, amount held in escrow

$ 500,000

Business acquisition, stock consideration | shares

444,096

Business acquisition, number of shares issued | shares

349,645

Business acquisition, number of shares held in escrow | shares

71,895

94,451

Business acquisition, deferred purchase consideration, shares | shares

618,478

Business acquisition, deferred purchase consideration, cash

$ 10,477,017

1,200,000

Business acquisition deferred consideration cash paid

$ 5,200,000

Business acquisition deferred consideration number of shares issued | shares

309,239

Business acquisition, stock issued

$ 10,900,000

$ 10,898,000

Business acquisition equity interests number of shares held in escrow cancelled | shares

22,556

Business acquisition, deferred purchase consideration, description

The Deferred Consideration was subsequently paid to In Touch Holdings LLC, one of the former principal stockholders of Global HR, on November 20, 2015 for $5.2 million in cash and 309,239 shares of our common stock, raising “Cash Paid” to $28.7 million and “Stock Issued” to $10.9 million. Additionally, 22,556 shares of the 94,451 shares of stock consideration that were held in escrow have been cancelled as settlement of a working capital reconciliation pursuant to the purchase agreement. 71,895 shares of the stock consideration remain held for issuance on the anniversary of the acquisition. If the revenues for Global HR for its fiscal year 2016 are less than $12.8 million, then In Touch Holdings LLC will forfeit and return 10% of its Stock Consideration and Deferred Stock Consideration to us.

Business acquisition, deferred purchase consideration

$ 1,672,000

Business acquisition, deferred purchase consideration amount held in escrow

500,000

Total purchase price

$ 42,000,000

41,309,000

TriGen Holding Group, Inc

Business Acquisition [Line Items]

Business acquisition, maximum potential earnout payable

1,500,000

1,500,000

Business acquisition, recorded earnout payable

$ 1,433,000

1,433,000

Business acquisition, cash paid

3,340,000

Business acquisition, deferred purchase consideration

4,456,000

Total purchase price

$ 9,228,000

GUI

Business Acquisition [Line Items]

Business acquisition, cash paid

$ 30,000,000

Total purchase price

55,077,000

Deferred tax assets

19,114,000

Valuation allowance

6,258,000

Reduction in deemed dividend

12,900,000

Carrying value of net identifiable assets acquired

5,927,000

SPV2

Business Acquisition [Line Items]

Business acquisition, cash paid

$ 471,000

Business acquisition, stock consideration | shares

3,043,485

Business acquisition, stock issued

$ 19,500,000

Total purchase price

19,971,000

Carrying value of net identifiable assets acquired

$ 7,721,000

Outstanding common shares

100.00%

MCRS Holdings, Inc.

Business Acquisition [Line Items]

Business acquisition, cash paid

$ 52,500,000

Total purchase price

$ 77,400,000

Outstanding common shares

100.00%

Working Capital

$ 3,300,000

Maximum

Business Acquisition [Line Items]

Acquired finite lived intangible assets useful life

10 years

Discount rate

30.00%

Maximum | Customer & carrier relationships

Business Acquisition [Line Items]

Acquired finite lived intangible assets useful life

10 years

Maximum | Non-compete agreements

Business Acquisition [Line Items]

Acquired finite lived intangible assets useful life

2 years

Maximum | Trade Names

Business Acquisition [Line Items]

Acquired finite lived intangible assets useful life

7 years

Minimum

Business Acquisition [Line Items]

Acquired finite lived intangible assets useful life

2 years

Discount rate

17.00%

Minimum | Non-compete agreements

Business Acquisition [Line Items]

Acquired finite lived intangible assets useful life

1 year

Minimum | Trade Names

Business Acquisition [Line Items]

Acquired finite lived intangible assets useful life

5 years

Fiscal year 2016 | Global HR Research LLC

Business Acquisition [Line Items]

Stock consideration and deferred stock consideration percentage

10.00%

Fiscal year 2016 | Maximum | Global HR Research LLC

Business Acquisition [Line Items]

Total revenues

$ 12,800,000

MCMC Holdings, LLC

Business Acquisition [Line Items]

Percentage of outstanding membership units

100.00%

MCMC Holdings, LLC | MCRS Holdings, Inc.

Business Acquisition [Line Items]

Fair value of MCMC Units

21,600,000

Carrying value of MCMC Units

$ 7,700,000

Net gains (losses) on investments

$ 13,900,000

MPCS

Business Acquisition [Line Items]

Purchase consideration on acquisition of business

$ 1,500,000

MPCS | Subsidiary Issuer

Business Acquisition [Line Items]

Percentage of ownership interest granted from subsidiary company

51.00%

Business Combinations - Summary

Business Combinations - Summary of Purchase Prices of Businesses Acquired (Details) - USD ($)	Nov. 20, 2015	Aug. 21, 2015	Dec. 31, 2015
Business Acquisition [Line Items]
Business acquisition, cash paid			$ 83,203,000
Business acquisition, stock issued			10,898,000
Business acquisition, accrued liability			15,303,000
Business acquisition, deferred purchase consideration			6,128,000
Business acquisition, recorded earnout payable			11,556,000
Business acquisition, maximum potential earnout payable			15,005,000
Business acquisition, total recorded purchase price			111,784,000
Phoenix Risk Management, Inc; January 31, 2015
Business Acquisition [Line Items]
Business acquisition, cash paid			1,099,000
Business acquisition, recorded earnout payable			2,435,000
Business acquisition, maximum potential earnout payable			3,000,000
Business acquisition, total recorded purchase price			3,534,000
DecisionUR, LLC; February 5, 2015
Business Acquisition [Line Items]
Business acquisition, cash paid			2,240,000
Business acquisition, accrued liability			23,000
Business acquisition, total recorded purchase price			2,240,000
Capital & Guaranty, LLC; February 9, 2015
Business Acquisition [Line Items]
Business acquisition, cash paid			175,000
Business acquisition, recorded earnout payable			175,000
Business acquisition, maximum potential earnout payable			175,000
Business acquisition, total recorded purchase price			350,000
TriGen Holding Group, Inc
Business Acquisition [Line Items]
Business acquisition, cash paid			3,340,000
Business acquisition, accrued liability			3,364,000
Business acquisition, deferred purchase consideration			4,456,000
Business acquisition, recorded earnout payable			1,433,000
Business acquisition, maximum potential earnout payable			1,500,000
Business acquisition, total recorded purchase price			9,228,000
Hospitality Supportive Systems, LLC; April 1, 2015
Business Acquisition [Line Items]
Business acquisition, cash paid			9,650,000
Business acquisition, total recorded purchase price			9,650,000
Selective Risk Management, LLC; April 1, 2015
Business Acquisition [Line Items]
Business acquisition, cash paid			3,846,000
Business acquisition, total recorded purchase price			3,846,000
Vikaran Solutions, LLC; April 17, 2015
Business Acquisition [Line Items]
Business acquisition, cash paid			8,500,000
Business acquisition, accrued liability			152,000
Business acquisition, total recorded purchase price			8,500,000
Corporate Claims Management, Inc; April 24, 2015
Business Acquisition [Line Items]
Business acquisition, cash paid			7,900,000
Business acquisition, accrued liability			4,434,000
Business acquisition, recorded earnout payable			825,000
Business acquisition, maximum potential earnout payable			1,000,000
Business acquisition, total recorded purchase price			8,725,000
Candid Investigation Services, LLC; May 8, 2015
Business Acquisition [Line Items]
Business acquisition, cash paid			1,184,000
Business acquisition, recorded earnout payable			216,000
Business acquisition, maximum potential earnout payable			300,000
Business acquisition, total recorded purchase price			1,400,000
Brandywine Insurance Advisors, LLC: May 22, 2015
Business Acquisition [Line Items]
Business acquisition, cash paid			3,000,000
Business acquisition, recorded earnout payable			220,000
Business acquisition, maximum potential earnout payable			1,205,000
Business acquisition, total recorded purchase price			3,220,000
Infinity Insurance Solutions, LLC; June 1, 2015
Business Acquisition [Line Items]
Business acquisition, cash paid			1,750,000
Business acquisition, accrued liability			100,000
Business acquisition, recorded earnout payable			552,000
Business acquisition, maximum potential earnout payable			650,000
Business acquisition, total recorded purchase price			2,302,000
InsureLinx, Inc; June 12, 2015
Business Acquisition [Line Items]
Business acquisition, cash paid			6,300,000
Business acquisition, accrued liability			1,840,000
Business acquisition, total recorded purchase price			6,300,000
The Carman Corporation; June 15, 2015
Business Acquisition [Line Items]
Business acquisition, cash paid			2,000,000
Business acquisition, total recorded purchase price			2,000,000
CWI Benefits, Inc; July 9, 2015
Business Acquisition [Line Items]
Business acquisition, cash paid			2,480,000
Business acquisition, accrued liability			2,061,000
Business acquisition, recorded earnout payable			3,400,000
Business acquisition, maximum potential earnout payable			4,675,000
Business acquisition, total recorded purchase price			5,880,000
Restaurant Coverage Associates, Inc; August 14, 2015
Business Acquisition [Line Items]
Business acquisition, cash paid			750,000
Business acquisition, recorded earnout payable			1,725,000
Business acquisition, maximum potential earnout payable			1,825,000
Business acquisition, total recorded purchase price			2,475,000
Risk Control Associates, Inc; August 14, 2015
Business Acquisition [Line Items]
Business acquisition, cash paid			250,000
Business acquisition, accrued liability			650,000
Business acquisition, recorded earnout payable			575,000
Business acquisition, maximum potential earnout payable			675,000
Business acquisition, total recorded purchase price			825,000
Global HR Research LLC; August 21, 2015
Business Acquisition [Line Items]
Business acquisition, cash paid	$ 28,700,000	$ 24,000,000	28,739,000
Business acquisition, stock issued	$ 10,900,000		10,898,000
Business acquisition, accrued liability			2,679,000
Business acquisition, deferred purchase consideration			1,672,000
Business acquisition, total recorded purchase price		$ 42,000,000	$ 41,309,000

Business Combinations - Aggrega

Business Combinations - Aggregate Estimated Fair Values of the Net Assets Acquired (Details) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Assets Acquired:
Goodwill	$ 118,141	$ 61,493	$ 9,953
2015 Acquisitions
Assets Acquired:
Cash	2,316
Restricted cash	6,591
Accounts receivable	4,840
Fixed assets	2,002
Other assets	2,272
Goodwill	56,648
Intangible assets:
Total intangible assets	52,395
Total assets acquired	127,064
Liabilities assumed	15,280
Total net assets acquired	111,784
2015 Acquisitions | Customer & carrier relationships
Intangible assets:
Total intangible assets	31,039
2015 Acquisitions | Service contracts
Intangible assets:
Total intangible assets	320
2015 Acquisitions | Non-compete agreements
Intangible assets:
Total intangible assets	4,739
2015 Acquisitions | Developed technology
Intangible assets:
Total intangible assets	13,268
2015 Acquisitions | Trade name portfolio
Intangible assets:
Total intangible assets	$ 3,029

Business Combinations - Summa47

Business Combinations - Summary of Unaudited Pro Forma Historical Results (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Business Combinations [Abstract]
Total revenues	$ 235,248	$ 197,449
Net (loss) income	$ (4,260)	$ 13,545
Basic net (loss) income per share	$ (0.16)	$ 0.86
Diluted net (loss) income per share	$ (0.16)	$ 0.86

Business Combinations - Total P

Business Combinations - Total Purchase Price (Details) - USD ($) $ in Thousands	Aug. 06, 2014	Dec. 31, 2015
Business Acquisition [Line Items]
Business acquisition, cash paid		$ 83,203
Total purchase price		$ 111,784
GUI
Business Acquisition [Line Items]
Business acquisition, cash paid	$ 30,000
Note receivable from related party, including accrued interest thereon, transferred to GUI	28,821
Less settlement of amounts payable to GUI	(3,744)
Total purchase price	$ 55,077

Business Combinations - Total49

Business Combinations - Total Purchase Price (Parenthetical) (Details) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014	Aug. 06, 2014
Business Acquisition [Line Items]
Allowance for doubtful accounts	$ 300	$ 100
GUI
Business Acquisition [Line Items]
Allowance for doubtful accounts			$ 2,544

Business Combinations - Summa50

Business Combinations - Summary of Carrying Amounts of the Net Identifiable Assets Acquired (Details) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014	Aug. 06, 2014
Business Acquisition [Line Items]
Less accumulated depreciation	$ (8,193)	$ (6,388)
GUI
Business Acquisition [Line Items]
Fixed assets			$ 18,883
Less accumulated depreciation			(7,444)
Total assets acquired			11,439
Less capital lease obligation assumed, including accrued interest thereon			(5,512)
Net Identifiable Assets Acquired			5,927
GUI | Capitalized Policy and Claims Administration Software Development Costs
Business Acquisition [Line Items]
Fixed assets			13,645
GUI | Computer Equipment Furniture and Fixtures
Business Acquisition [Line Items]
Fixed assets			2,947
GUI | Leasehold Improvements
Business Acquisition [Line Items]
Fixed assets			$ 2,291

Business Combinations - Conside

Business Combinations - Consideration Paid in Excess of Carrying Amounts for Net Assets Acquired (Details) - USD ($) $ in Thousands	Aug. 06, 2014	Dec. 31, 2015	Dec. 31, 2014
Business Acquisition [Line Items]
Total purchase price		$ 111,784
Valuation allowance		$ 12,194	$ 6,258
GUI
Business Acquisition [Line Items]
Total purchase price	$ 55,077
Less net identifiable assets acquired	(5,927)
Deemed dividend	49,150
Deferred tax asset	(19,114)
Valuation allowance	6,258
Net Deemed Dividend	36,294
SPV2
Business Acquisition [Line Items]
Total purchase price	19,971
Less net identifiable assets acquired	(7,721)
Deemed dividend	$ 12,250

Business Combinations - Fair Va

Business Combinations - Fair Value of Net Identifiable Tangible and Intangible Assets (Details) - PCM $ in Thousands	Aug. 06, 2014USD ($)
Business Acquisition [Line Items]
Cash	$ 912
Fee income receivable	413
Fee income receivable from related party	3,142
Income tax recoverable	186
Deferred tax asset	967
Other assets	572
Total Current Assets	6,192
Fixed assets	99
Total intangible assets	34,800
Total assets acquired	41,091
Accounts payable and accrued expenses	(1,309)
Deferred tax liability	(13,920)
Net Identifiable Assets Acquired	$ 25,862

Business Combinations - Goodwil

Business Combinations - Goodwill Recognized (Details) - USD ($) $ in Thousands	Aug. 06, 2014	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Business Acquisition [Line Items]
Total purchase price		$ 111,784
Goodwill		$ 118,141	$ 61,493	$ 9,953
PCM
Business Acquisition [Line Items]
Total purchase price	$ 77,402
Less net identifiable assets acquired	(25,862)
Goodwill	$ 51,540

Equity and Fixed Income Secur54

Equity and Fixed Income Securities - Schedule of Major Classes of Investments (Details) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Schedule Of Trading Securities And Other Trading Assets [Line Items]
Equity and fixed income security investments, cost basis	$ 3,368,000
Equity and fixed income security investments, Unrealized losses	(195,000)
Equity and fixed income security investments, fair value	31,293,000	$ 0
Quoted Prices in Active Markets for Identical Securities (Level 1)
Schedule Of Trading Securities And Other Trading Assets [Line Items]
Equity and fixed income security investments, fair value	3,173,000
Common and preferred stocks
Schedule Of Trading Securities And Other Trading Assets [Line Items]
Equity and fixed income security investments, cost basis	429,000
Equity and fixed income security investments, Unrealized losses	(45,000)
Equity and fixed income security investments, fair value	384,000
Common and preferred stocks | Quoted Prices in Active Markets for Identical Securities (Level 1)
Schedule Of Trading Securities And Other Trading Assets [Line Items]
Equity and fixed income security investments, fair value	384,000
Corporate notes and bonds
Schedule Of Trading Securities And Other Trading Assets [Line Items]
Equity and fixed income security investments, cost basis	2,939,000
Equity and fixed income security investments, Unrealized losses	(150,000)
Equity and fixed income security investments, fair value	2,789,000
Corporate notes and bonds | Quoted Prices in Active Markets for Identical Securities (Level 1)
Schedule Of Trading Securities And Other Trading Assets [Line Items]
Equity and fixed income security investments, fair value	$ 2,789,000

Equity and Fixed Income Secur55

Equity and Fixed Income Securities - Additional Information (Details) - USD ($)	Dec. 31, 2015	Dec. 31, 2014
Investments Debt And Equity Securities [Abstract]
Equity and fixed income security investments	$ 31,293,000	$ 0

Fixed Assets and Other Long T56

Fixed Assets and Other Long Term Assets - Additional Information (Details)	12 Months Ended
	Dec. 31, 2015
Computer Equipment
Property Plant And Equipment [Line Items]
Estimated useful life	5 years
Software
Property Plant And Equipment [Line Items]
Estimated useful life	3 years
Furniture and Fixtures
Property Plant And Equipment [Line Items]
Estimated useful life	7 years
Building
Property Plant And Equipment [Line Items]
Estimated useful life	39 years
Capitalized Policy and Claims Administration System Development Costs
Property Plant And Equipment [Line Items]
Estimated useful life	5 years

Fixed Assets and Other Long T57

Fixed Assets and Other Long Term Assets - Major Classes of Fixed Assets (Details) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Fixed Assets
Fixed assets	$ 13,285	$ 8,267
Less accumulated depreciation	(8,193)	(6,388)
Fixed assets, net of accumulated depreciation and amortization	5,092	1,879
Computer Equipment, Software and Furniture and Fixtures
Fixed Assets
Fixed assets	8,124	5,722
Building
Fixed Assets
Fixed assets	1,428
Leasehold Improvements
Fixed Assets
Fixed assets	$ 3,733	$ 2,545

Fixed Assets and Other Long T58

Fixed Assets and Other Long Term Assets - Other Long Term Assets (Details) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Other long term assets
Capitalized policy and claims administration system development costs	$ 17,712	$ 13,093
Less accumulated depreciation	(6,284)	(3,251)
Other long term assets, net of accumulated depreciation	$ 11,428	$ 9,842

Goodwill and Other Intangible59

Goodwill and Other Intangible Assets - Additional Information (Details)	12 Months Ended
	Dec. 31, 2015USD ($)Business	Dec. 31, 2014USD ($)
Goodwill And Other Intangible Assets [Line Items]
Impairment of goodwill	$ 0	$ 0
Goodwill acquired in acquisition	$ 56,648,000	51,540,000
Number Of Businesses Acquired | Business	17
Intangible assets acquired in acquisition	$ 52,400,000
Patriot Care, Inc
Goodwill And Other Intangible Assets [Line Items]
Goodwill acquired in acquisition		$ 51,500,000

Goodwill and Other Intangible60

Goodwill and Other Intangible Assets - Summary of Changes in Goodwill (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Goodwill And Intangible Assets Disclosure [Abstract]
Balance at January 1, 2015 and 2014	$ 61,493	$ 9,953
Goodwill acquired during the year	56,648	51,540
Balance as of December 31, 2015 and 2014	$ 118,141	$ 61,493

Goodwill and Other Intangible61

Goodwill and Other Intangible Assets - Schedule of Intangible Assets, their Original Fair Value, and their Net Book Values (Detail) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Finite Lived Intangible Assets [Line Items]
Gross asset	$ 87,195	$ 34,800
Accumulated amortization	(11,514)	(1,812)
Net asset	75,681	32,988
Service contracts
Finite Lived Intangible Assets [Line Items]
Gross asset	35,120	34,800
Accumulated amortization	(6,204)	(1,812)
Net asset	28,916	$ 32,988
Customer & carrier relationships
Finite Lived Intangible Assets [Line Items]
Gross asset	31,039
Accumulated amortization	(1,947)
Net asset	29,092
Non-compete agreements
Finite Lived Intangible Assets [Line Items]
Gross asset	4,739
Accumulated amortization	(1,505)
Net asset	3,234
Developed technology
Finite Lived Intangible Assets [Line Items]
Gross asset	13,268
Accumulated amortization	(1,647)
Net asset	11,621
Trade Names
Finite Lived Intangible Assets [Line Items]
Gross asset	3,029
Accumulated amortization	(211)
Net asset	$ 2,818

Goodwill and Other Intangible62

Goodwill and Other Intangible Assets - Estimated Amortization Expense for Intangible Assets (Details) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Amortization expense
2,016	$ 12,953
2,017	11,438
2,018	10,599
2,019	10,599
2,020	8,958
Thereafter	21,134
Net asset	$ 75,681	$ 32,988

Notes Payable and Lines of Cr63

Notes Payable and Lines of Credit - Notes Payable (Detail) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014	Aug. 06, 2014
Debt Instrument [Line Items]
Notes payable, Gross	$ 106,500	$ 119,573
Less original issue discount		(3,085)
Less value attributable to stock warrants		(5,667)
Notes Payable and Current Portion of Notes Payable	106,500	110,821
Less current portion of notes payable	(5,500)	(15,782)
Notes payable	101,000	95,039
BMO Senior Secured Term Loans
Debt Instrument [Line Items]
Notes payable, Gross	$ 106,500
PennantPark Loan Agreement
Debt Instrument [Line Items]
Notes payable, Gross		63,285
UBS Credit Agreement
Debt Instrument [Line Items]
Notes payable, Gross		$ 56,288	$ 57,000

Notes Payable and Lines of Cr64

Notes Payable and Lines of Credit - Senior Secured Credit Facility - Additional Information (Details) - USD ($)	Aug. 14, 2015	Jan. 22, 2015	Dec. 31, 2015
Revolving Credit Facility
Debt Instrument [Line Items]
Amount borrowed under credit agreement		$ 40,000,000	$ 18,000,000
Increase in size of credit facility		20,000,000
Line of credit facility, available borrowing amount			$ 22,000,000
Revolving Credit Facility | Minimum
Debt Instrument [Line Items]
Commitment fee basis points			0.35%
Revolving Credit Facility | Maximum
Debt Instrument [Line Items]
Increase in size of credit facility		$ 5,000,000
Commitment fee basis points			0.50%
Senior Secured Credit Facility
Debt Instrument [Line Items]
Amount borrowed under credit agreement			$ 124,500,000
Credit facility term			5 years
Credit facility covenant terms			(i) a maximum total leverage ratio of total outstanding debt to adjusted EBITDA for the most recently-ended four fiscal quarters of no more than 300% and (ii) a minimum fixed charge coverage ratio of adjusted EBITDA to the sum of cash interest expense (which amount shall be calculated on an annualized basis for the three-, six-, and nine-month periods ended March 31, 2015, June 30, 2015 and September 30, 2015) plus income tax expense (or less any income tax benefits) plus capital expenditures plus dividends, share repurchases and other restricted payments plus regularly scheduled principal payments of debt for the same period of a least 150% for the most recently ended four quarters.
Percentage of stock pledged			100.00%
Maximum leverage ratio of total outstanding debt to adjusted EBITDA			300.00%
Minimum fixed charge coverage ratio			150.00%
Dividends payable, maximum percentage of net income			50.00%
Senior Secured Credit Facility | Maximum
Debt Instrument [Line Items]
Increase on margins on loans and fees, percentage		2.00%
Percentage of assets guaranteed			5.00%
Senior Secured Credit Facility | LIBOR
Debt Instrument [Line Items]
Basis spread on variable rate		2.50%
Senior Secured Credit Facility | LIBOR | Minimum
Debt Instrument [Line Items]
Basis spread on variable rate		3.25%
Senior Secured Credit Facility | Base Rate | Minimum
Debt Instrument [Line Items]
Basis spread on variable rate		2.25%
Senior Secured Credit Facility | Base Rate | Maximum
Debt Instrument [Line Items]
Basis spread on variable rate		1.50%
Senior Secured Credit Facility Second Amendment
Debt Instrument [Line Items]
Increase in size of credit facility	$ 50,000,000
Increase in term loan facility	50,000,000
Debt covenant adjusted EBITDA	70,000,000
Debt covenant outstanding revolving loans	$ 30,000,000
Credit facility covenant terms			(a) our total leverage ratio is equal to or less than 2.25 to 1.00 and (b) our Adjusted EBITDA for the twelve-months then ended is at least $70.0 million, the outstanding revolving loans (plus any swing line loans and the aggregate stated amount of all letters of credit) shall not exceed $30.0 million.
Senior Secured Credit Facility Second Amendment | Maximum
Debt Instrument [Line Items]
Debt covenant total leverage ratio	225.00%
Letter of Credit
Debt Instrument [Line Items]
Participation fee payable percentage			0.125%
BMO Term Loan
Debt Instrument [Line Items]
Amount borrowed under credit agreement		$ 40,000,000
Percentage of amortization of principal amount of term loan facility during first two years			5.00%
Percentage of amortization of principal amount of term loan facility during third and fourth year			7.50%
Percentage of amortization of principal amount of term loan facility during fifth year			10.00%
BMO Term Loan | Minimum
Debt Instrument [Line Items]
Increase in size of credit facility		5,000,000
Increase in term loan facility			$ 20,000,000
BMO Term Loan | Maximum
Debt Instrument [Line Items]
Increase in size of credit facility		$ 20,000,000
BMO Senior Secured Term Loans
Debt Instrument [Line Items]
Amount borrowed under credit agreement			$ 106,500,000

Notes Payable and Lines of Cr65

Notes Payable and Lines of Credit - UBS Credit Agreement - Additional Information (Details) - UBS Credit Agreement - USD ($) $ in Millions	Aug. 06, 2014	Dec. 31, 2015
Debt Instrument [Line Items]
Credit facility term	5 years
Aggregate principal amount	$ 57
Debt instrument maturity date	Aug. 6, 2019	Aug. 6, 2019

Capital Lease Obligations - Add

Capital Lease Obligations - Additional Information (Details)	12 Months Ended
	Dec. 31, 2015USD ($)
Leases [Abstract]
Expiration of monthly payments on capital lease	Dec. 3, 2016
Capital lease obligation monthly lease payments	$ 206,000

Capital Lease Obligations - Sch

Capital Lease Obligations - Schedule of Capital Lease Obligations for Future Payments Based on Interest Rate Swap Rate (Details) $ in Thousands	Dec. 31, 2015USD ($)
Principal
2,016	$ 2,232
Total	2,232
Interest
2,016	43
Total	43
Payments on Capital Lease
2,016	2,275
Total	$ 2,275

Earnings Per Share - Components

Earnings Per Share - Components of Basic and Diluted EPS (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Basic net earnings (loss) per share
Net income (loss) available to common shareholders	$ (5,367)	$ 3,788	$ 1,020	$ (4,816)	$ (2,393)	$ 16,902	$ (5,597)	$ 1,502	$ (5,375)	$ 10,414	$ (6,186)
Weighted average number of common shares outstanding									26,425	15,754	14,288
Basic net earnings (loss) per share	$ (0.19)	$ 0.14	$ 0.04	$ (0.19)	$ (0.13)	$ 1.03	$ (0.39)	$ 0.11	$ (0.20)	$ 0.66	$ (0.43)
Diluted net earnings (loss) per share
Net income (loss) available to common shareholders	$ (5,367)	$ 3,788	$ 1,020	$ (4,816)	$ (2,393)	$ 16,902	$ (5,597)	$ 1,502	$ (5,375)	$ 10,414	$ (6,186)
Net earnings (loss) attributable to diluted shares									$ (5,375)	$ 10,414	$ (6,186)
Weighted average number of common shares outstanding									26,425	15,754	14,288
Weighted average number of common and common equivalent shares outstanding									26,425	15,754	14,288
Diluted net earnings (loss) per share	$ (0.19)	$ 0.14	$ 0.04	$ (0.19)	$ (0.13)	$ 0.46	$ (0.39)	$ 0.10	$ (0.20)	$ 0.66	$ (0.43)

Earnings Per Share - Additional

Earnings Per Share - Additional Information (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Schedule Of Earnings Per Share Basic And Diluted [Line Items]
Net loss	$ (5,367)	$ 3,788	$ 1,020	$ (4,816)	$ (2,393)	$ 16,902	$ (5,597)	$ 1,502	$ (5,375)	$ 10,414	$ (6,186)
Expense due to increase in fair value of warrants										$ 1,823
Basic net earnings (loss) per share	$ (0.19)	$ 0.14	$ 0.04	$ (0.19)	$ (0.13)	$ 1.03	$ (0.39)	$ 0.11	$ (0.20)	$ 0.66	$ (0.43)
Diluted net earnings (loss) per share	$ (0.19)	$ 0.14	$ 0.04	$ (0.19)	$ (0.13)	$ 0.46	$ (0.39)	$ 0.10	$ (0.20)	$ 0.66	$ (0.43)
Weighted Average | Employee Stock Option
Schedule Of Earnings Per Share Basic And Diluted [Line Items]
Weighted average number of shares not dilutive									215,865
Weighted Average | Common Stock Warrants
Schedule Of Earnings Per Share Basic And Diluted [Line Items]
Weighted average number of shares not dilutive									10,685	1,109,445	646,949

Stock-Based Compensation - Addi

Stock-Based Compensation - Additional Information (Details)	12 Months Ended
	Dec. 31, 2015USD ($)Installments$ / sharesshares
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Stock option vesting installments | Installments	3
Number of stock options awarded	1,377,848
Number of stock options forfeited	173,139
Number of stock options outstanding	1,204,709
Number of stock options exercisable	39,706
Average exercisable price | $ / shares	$ 14
Number of unvested options	1,165,003
Aggregate intrinsic value of options outstanding | $	$ 0
Share based compensation | $	$ 10,787,000
Employee Stock Option
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Stock award expiration period	10 years
Stock recognized compensation expense associated with these options | $	$ 1,700,000
Total unrecognized compensation cost related to unvested stock options | $	$ 1,900,000
Weighted average period of recognition for costs not yet recognized	3 years
Restricted Stock Awards
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Stock recognized compensation expense associated with these options | $	$ 7,900,000
Total unrecognized compensation cost related to unvested stock options | $	$ 4,300,000
Weighted average period of recognition for costs not yet recognized	2 years 3 months 18 days
Restricted shares granted	908,000
Restricted shares forfeited	43,000
Restricted shares vested	311,000
Unvested restricted shares outstanding at end of period	554,000
Restricted Stock Awards | Directors Officers and Key Employees
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Restricted shares granted	907,919
Restricted shares forfeited	43,052
Restricted shares vested	310,652
Unvested restricted shares outstanding at end of period	554,215
Unvested restricted shares outstanding , total fair value | $	$ 3,700,000
Restricted Stock Unit
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Total unrecognized compensation cost related to unvested stock options | $	$ 1,300,000
Weighted average period of recognition for costs not yet recognized	2 years 3 months 18 days
Restricted shares granted	200,490
Restricted shares forfeited	31,560
Unvested restricted shares outstanding at end of period	168,930
Unvested restricted shares outstanding , total fair value | $	$ 1,100,000
Share based compensation | $	$ 1,100,000

Stock-Based Compensation - Summ

Stock-Based Compensation - Summary of Significant Assumptions Used in Black-Scholes Option Pricing Model to Estimate Fair Value of Stock Options Granted to Employees (Details)	12 Months Ended
	Dec. 31, 2015
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Expected dividend yield	0.00%
Risk-free interest rate	0.49%	[1]
Expected volatility	33.02%	[2]
Expected life in years	3 years	[3]
[1]	The risk-free interest rate for the periods within the contractual term of the options is based on the U.S. Treasury yield curve in effect at the time of the grant.
[2]	The expected volatility is a measure of the amount by which a stock price has fluctuated or is expected to fluctuate based primarily on our and our peers' historical data.
[3]	The expected life is the period of time, on average, that participants are expected to hold their options before exercise based primarily on our historical data.

Stock - Based Compensation - Sc

Stock - Based Compensation - Schedule of Stock Option Activity (Details)	12 Months Ended
	Dec. 31, 2015USD ($)$ / sharesshares
Number of Shares
Number of shares , options granted | shares	1,377,848
Number of shares, options cancelled or forfeited | shares	(173,139)
Number of shares, options outstanding, ending balance | shares	1,204,709
Number of shares, options expected to vest at end of period | shares	1,205,000
Number of shares, options exercisable at end of period | shares	39,706
Weighted Average Exercise Price Per Share
Weighted average exercise price, Granted | $ / shares	$ 14.47
Weighted average exercise price, Canceled or Forfeited | $ / shares	14.90
Weighted average exercise price, Outstanding at end of period | $ / shares	14.41
Weighted average exercise price, Expected to vest | $ / shares	14.41
Weighted average exercise price, Exercisable at end of period | $ / shares	$ 14
Weighted Average Remaining Contractual Term (In Years)
Weighted average remaining contractual term of Options Outstanding at end of period	9 years 2 months 12 days
Weighted average remaining contractual term of Options Expected to vest at end of period	9 years 2 months 12 days
Weighted average remaining contractual term of Options Exercisable at end of period	9 years 2 months 12 days
Aggregate Intrinsic Value
Aggregate intrinsic value of Options outstanding at December 31, 2015 | $	$ 0

Stock-Based Compensation - Su73

Stock-Based Compensation - Summary of Grants of Restricted Shares (Details)	12 Months Ended
	Dec. 31, 2015$ / sharesshares
Restricted Stock Awards
Number of Shares
Restricted shares granted | shares	908,000
Restricted shares vested | shares	(311,000)
Restricted shares forfeited | shares	(43,000)
Unvested restricted shares outstanding as of December 31, 2015 | shares	554,000
Weighted-Average Grant-Date Fair Value
Weighted-Average Grant-Date Fair Value, Restricted shares granted | $ / shares	$ 14.41
Weighted-Average Grant-Date Fair Value, Restricted shares vested | $ / shares	14
Weighted-Average Grant-Date Fair Value, Restricted shares forfeited | $ / shares	14.59
Weighted-Average Grant-Date Fair Value, Unvested restricted shares outstanding as of December 30, 2015 | $ / shares	$ 14.63
Restricted Stock Unit
Number of Shares
Restricted shares granted | shares	200,490
Restricted shares forfeited | shares	(31,560)
Unvested restricted shares outstanding as of December 31, 2015 | shares	168,930
Weighted-Average Grant-Date Fair Value
Weighted-Average Grant-Date Fair Value, Restricted shares granted | $ / shares	$ 14.96
Weighted-Average Grant-Date Fair Value, Restricted shares forfeited | $ / shares	14.70
Weighted-Average Grant-Date Fair Value, Unvested restricted shares outstanding as of December 30, 2015 | $ / shares	$ 15.03

Fair Value Measurement of Fin74

Fair Value Measurement of Financial Assets and Liabilities - Summary of Fair Value Measurement of Equity and fixed Income Security Investments (Details) - USD ($)	Dec. 31, 2015	Dec. 31, 2014
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Equity and fixed income security investments	$ 31,293,000	$ 0
Common and preferred stocks
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Equity and fixed income security investments	384,000
Corporate notes and bonds
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Equity and fixed income security investments	2,789,000
Forward Purchase Asset
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Equity and fixed income security investments	28,120,000
Quoted Prices in Active Markets for Identical Securities (Level 1)
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Equity and fixed income security investments	3,173,000
Quoted Prices in Active Markets for Identical Securities (Level 1) | Common and preferred stocks
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Equity and fixed income security investments	384,000
Quoted Prices in Active Markets for Identical Securities (Level 1) | Corporate notes and bonds
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Equity and fixed income security investments	2,789,000
Significant Unobservable Inputs (Level 3)
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Equity and fixed income security investments	28,120,000
Significant Unobservable Inputs (Level 3) | Forward Purchase Asset
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Equity and fixed income security investments	$ 28,120,000

Fair Value Measurement of Fin75

Fair Value Measurement of Financial Assets and Liabilities - Additional Information (Details) - USD ($)	Dec. 31, 2015	Dec. 31, 2014
Fair Value Disclosures [Abstract]
Equity and fixed income security investments or forward purchase assets	$ 31,293,000	$ 0

Fair Value Measurement of Fin76

Fair Value Measurement of Financial Aseets and Liabilities - Summary of Reconciliation of the Fair Value of Financial Assets (Details) - Significant Unobservable Inputs (Level 3) - Forward Purchase Asset $ in Thousands	12 Months Ended
	Dec. 31, 2015USD ($)
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Record fair value of forward purchase asset	$ 27,300
Record increase in fair value of forward purchase asset	820
Fair value, ending balance	$ 28,120

Fair Value Measurement of Fin77

Fair Value Measurement of Financial Assets and Liabilities - Summary of Fair Value Measurement of Financial Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Earnout payable on acquisitions	$ 12,383
Deferred purchase consideration	6,128
Warrant redemption liability	28,120	$ 12,879
Total	46,631	12,879
Significant Unobservable Inputs (Level 3)
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Earnout payable on acquisitions	12,383
Deferred purchase consideration	6,128
Warrant redemption liability	28,120	12,879
Total	$ 46,631	$ 12,879

Fair Value Measurement of Fin78

Fair Value Measurement of Financial Assets and Liabilities - Summary of Reconciliation of the Fair Value of Financial Liabilities (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Fair value, beginning balance	$ 12,879	$ 6,934
Record present value earnout payable on acquisitions	18,808
Increase in fair value of earnout payable	827
Earnout payments made	(7,252)
Record deferred purchase consideration on acquisitions	15,762
Payments made on deferred purchase consideration	(9,634)
Exercise of PennantPark warrants	(9,995)
Decrease in fair value of PennantPark warrant redemption liability	(1,385)
Contribute remaining Pennant Park liability due to equity warrants	(1,499)
Record fair value of Series A and B warrant liability	27,300
Record increase in fair value of Series A and B warrant liability	820
Warrants subject to redemption liability issued		4,122
Increase in fair value of common stock and warrant redemption liability		1,823
Fair value, ending balance	46,631	12,879
Earnout Payable
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Record present value earnout payable on acquisitions	18,808
Increase in fair value of earnout payable	827
Earnout payments made	(7,252)
Fair value, ending balance	12,383
Deferred Purchase Consideration
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Record deferred purchase consideration on acquisitions	15,762
Payments made on deferred purchase consideration	(9,634)
Fair value, ending balance	6,128
Warrant Redemption Liability
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Fair value, beginning balance	12,879	6,934
Exercise of PennantPark warrants	(9,995)
Decrease in fair value of PennantPark warrant redemption liability	(1,385)
Contribute remaining Pennant Park liability due to equity warrants	(1,499)
Record fair value of Series A and B warrant liability	27,300
Record increase in fair value of Series A and B warrant liability	820
Warrants subject to redemption liability issued		4,122
Increase in fair value of common stock and warrant redemption liability		1,823
Fair value, ending balance	$ 28,120	$ 12,879

Related Party Transactions - Ad

Related Party Transactions - Additional Information (Details) - USD ($)

Mar. 14, 2016

Dec. 23, 2015

Dec. 13, 2015

Nov. 20, 2015

Aug. 21, 2015

Apr. 17, 2015

Feb. 05, 2015

Aug. 06, 2014

Dec. 31, 2015

Sep. 30, 2015

Jun. 30, 2015

Mar. 31, 2015

Dec. 31, 2014

Sep. 30, 2014

Jun. 30, 2014

Mar. 31, 2014

Dec. 31, 2015

Dec. 31, 2014

Dec. 31, 2013

Jan. 12, 2016

Jan. 05, 2015

Related Party Transaction [Line Items]

Total fee income and fee income from related party

$ 60,852,000

$ 58,532,000

$ 47,388,000

$ 42,992,000

$ 40,245,000

$ 31,433,000

$ 15,453,000

$ 15,599,000

$ 209,764,000

$ 102,730,000

$ 55,873,000

Fee income from related party

86,883,000

46,882,000

9,387,000

Fee income receivable from related party

27,036,000

11,988,000

27,036,000

11,988,000

Management fees to related party for administrative support services

5,390,000

$ 12,139,000

Notes payable, Gross

$ 106,500,000

119,573,000

106,500,000

119,573,000

Business acquisition, total recorded purchase price

111,784,000

Business acquisition, cash paid

83,203,000

Aggregate purchase price of common stock

$ 97,831,000

19,500,000

New Series A Warrants

Related Party Transaction [Line Items]

Warrant description

The New Series A Warrants are exercisable at an exercise price of the lesser of (i) $10.00 and (ii) 85% of the market price of the shares (as defined in the New Warrants)

Date from which warrants exercisable, start date

Jul. 1, 2016

Date from which warrants exercisable, end date

Dec. 31, 2020

New Series B Warrants

Related Party Transaction [Line Items]

Exercise price of warrants

$ 0.01

Date from which warrants exercisable, start date

Dec. 16, 2015

Date from which warrants exercisable, end date

Dec. 31, 2020

Shanfelter

Related Party Transaction [Line Items]

Business acquisition, total recorded purchase price

$ 28,200,000

DecisionUR, LLC

Related Party Transaction [Line Items]

Ownership interest percentage in the subsidiary

98.80%

98.80%

98.80%

Vikaran Solutions, LLC; April 17, 2015

Related Party Transaction [Line Items]

Business acquisition, cash paid

$ 8,500,000

GUI

Related Party Transaction [Line Items]

Business acquisition, total recorded purchase price

$ 55,077,000

Business acquisition, cash paid

30,000,000

Note receivable from related party, including accrued interest thereon, transferred to GUI

$ 28,821,000

Patriot Care, Inc

Related Party Transaction [Line Items]

Stock issued during period in exchange for MCMC preferred equity

3,043,485

Termination of service agreement, description

The agreement remains in effect through December 31, 2019 unless earlier terminated by us or MCMC upon 30 days’ written notice for material breach. Subsequent to such initial term the agreement may be terminated by either party upon 90 days’ prior written notice to the other party

In Touch Holdings L L C | Shanfelter

Related Party Transaction [Line Items]

Percentage of equity interests owned

84.00%

Global HR Research LLC

Related Party Transaction [Line Items]

Business acquisition, total recorded purchase price

$ 42,000,000

$ 41,309,000

Business acquisition, cash paid

$ 28,700,000

$ 24,000,000

$ 28,739,000

Stock issued during period in exchange for MCMC preferred equity

444,096

Percentage of equity interests owned

75.50%

UBS Credit Agreement

Related Party Transaction [Line Items]

Notes payable, Gross

$ 57,000,000

56,288,000

56,288,000

Debt instrument, term

5 years

Debt instrument maturity date

Aug. 6, 2019

Aug. 6, 2019

Mr. Mariano

Related Party Transaction [Line Items]

Fee income receivable from related party

1,000,000

1,000,000

Non-controlling interest ownership percentage

45.00%

Proceeds from sale of acquisition

$ 3,800,000

Mr. Mariano | Six Points Investment Partners, LLC

Related Party Transaction [Line Items]

Business acquisition, cash paid

$ 2,200,000

Mr. Del Pizzo

Related Party Transaction [Line Items]

Common Stock with Piggyback Registration Rights

184,490

Del Pizzo & Associates P.C

Related Party Transaction [Line Items]

Tax advisory services

$ 185,100

Entities controlled by Mr. Mariano

Related Party Transaction [Line Items]

Fee income receivable from related party

$ 500,000

800,000

500,000

800,000

Related Person Transaction Policy | Minimum

Related Party Transaction [Line Items]

Related party transaction amount

$ 120,000

Percentage of ownership interest

5.00%

5.00%

GUI

Related Party Transaction [Line Items]

Services agreement expiration start year

2,018

Services agreement expiration end year

2,022

Total fee income and fee income from related party

$ 144,100,000

Fee income from related party

86,900,000

46,900,000

Fee income receivable from related party

$ 27,000,000

$ 12,000,000

$ 27,000,000

12,000,000

Reimbursement expenses

1,900,000

Management fees to related party for administrative support services

$ 5,400,000

GUI | Customer Concentration Risk | Fee income

Related Party Transaction [Line Items]

Concentration risk, percentage

69.00%

GUI | Customer Concentration Risk | Fee income from related party

Related Party Transaction [Line Items]

Concentration risk, percentage

41.00%

GUI | Mr. Mariano

Related Party Transaction [Line Items]

Equipment lease liquidity amount

$ 5,000,000

Equipment lease financings amount

$ 2,200,000

GUI | Subsequent Event | Steven M Mariano

Related Party Transaction [Line Items]

Percentage of beneficially owned of outstanding common stock

53.80%

GUI | Subsequent Event | Mr. Mariano

Related Party Transaction [Line Items]

Dividends received

$ 3,500,000

MPCS

Related Party Transaction [Line Items]

Purchase consideration on acquisition of business

$ 1,500,000

MPCS | Subsidiary Issuer

Related Party Transaction [Line Items]

Ownership interest percentage in the subsidiary

51.00%

MPCS | Mr. Mariano

Related Party Transaction [Line Items]

Amount paid to beneficial owner on purchase of interest

$ 749,850

Securities Purchase Agreement

Related Party Transaction [Line Items]

Issuance of common stock, shares

666,666

Issuance of common stock, shares

666,666

Securities Purchase Agreement | Old Series A Warrants

Related Party Transaction [Line Items]

Warrants to purchase shares of common stock

2,083,333

Securities Purchase Agreement | Old Series A Warrants | Maximum

Related Party Transaction [Line Items]

Warrants to purchase shares of common stock

2,083,333

Securities Purchase Agreement | Old Series B Warrants

Related Party Transaction [Line Items]

Prepaid warrants to purchase shares of common stock

1,000,000

Securities Purchase Agreement | Old Warrants

Related Party Transaction [Line Items]

Aggregate purchase price of warrants

$ 20,000,000

Securities Purchase Agreement | Mr. Mariano

Related Party Transaction [Line Items]

Issuance of common stock, shares

2,500,000

Aggregate purchase price of common stock

$ 30,000,000

Issuance of common stock, shares

2,500,000

Stock Back-to-Back Agreement

Related Party Transaction [Line Items]

Number of shares of common stock purchased on proportion of shares issued upon exercise of warrants

60.00%

Warrant description

Steven M. Mariano agreed to vote in favor of issuances of shares of common stock in the event that, as a result of an increase in the number of shares that may be purchased upon exercise of the New Warrants to the Adjusted Share Amount (as defined in the New Warrants), such number of shares would exceed the Exchange Cap (as defined in the New Warrants).

Exchange Agreement

Related Party Transaction [Line Items]

Issuance of common stock, shares

666,666

Issuance of common stock, shares

666,666

Number of shares of common stock purchased on proportion of shares issued upon exercise of warrants

100.00%

Commencement date

Feb. 1, 2016

Exchange Agreement | Old Series B Warrants

Related Party Transaction [Line Items]

Prepaid warrants to purchase shares of common stock

1,000,000

Exchange Agreement | New Series A Warrants | Maximum

Related Party Transaction [Line Items]

Warrants to purchase shares of common stock

3,250,000

Exchange Agreement | New Series B Warrants

Related Party Transaction [Line Items]

Warrants to purchase shares of common stock

4,895,985

Percentage of lowest ten day volume weighted average stock price

90.00%

Exercise price of warrants

$ 4.51

Exchange Agreement | Subsequent Event | New Series B Warrants

Related Party Transaction [Line Items]

Warrants to purchase shares of common stock

4,895,985

Exercise price of warrants

$ 4.51

Concentration - Additional Info

Concentration - Additional Information (Details) - Customer Concentration Risk	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Fee income | Second Largest Customer
Concentration Risk [Line Items]
Concentration risk, percentage	7.00%	18.00%	38.00%
Fee income | Third Largest Customer
Concentration Risk [Line Items]
Concentration risk, percentage			12.00%
Fee income receivable | Second Largest Customer
Concentration Risk [Line Items]
Concentration risk, percentage	3.00%	8.00%	23.00%
Fee income receivable | Third Largest Customer
Concentration Risk [Line Items]
Concentration risk, percentage		2.00%	11.00%
GUI | Fee income
Concentration Risk [Line Items]
Concentration risk, percentage	69.00%
GUI | Fee income | Largest Customer
Concentration Risk [Line Items]
Concentration risk, percentage	69.00%	71.00%	44.00%
GUI | Fee income receivable | Largest Customer
Concentration Risk [Line Items]
Concentration risk, percentage	77.00%	86.00%	62.00%

Commitments and Contingencies -

Commitments and Contingencies - Schedule of Long-term Debt and Contractual Commitments (Detail) $ in Thousands	Dec. 31, 2015USD ($)
Commitments And Contingencies Disclosure [Abstract]
Long-term debt obligations, Payments Due by Period, 2016	$ 5,500
Long-term debt obligations, Payments Due by Period, 2017	7,562
Long-term debt obligations, Payments Due by Period, 2018	8,250
Long-term debt obligations, Payments Due by Period, 2019	10,313
Long-term debt obligations, Payments Due by Period, 2020	74,875
Long-term debt obligations, Payments Due by Period, Total	106,500
Short-term revolver debt obligations, Payments Due by Period, 2020	18,032
Short-term revolver debt obligations, Payments Due by Period, Total	18,032
Interest on debt, Payments Due by Period, 2016	4,272
Interest on debt, Payments Due by Period, 2017	4,049
Interest on debt, Payments Due by Period, 2018	3,778
Interest on debt, Payments Due by Period, 2019	3,459
Interest on debt, Payments Due by Period, 2020	70
Interest on debt, Payments Due by Period, Total	15,628
Acquisition earnouts, Payments Due by Period, 2016	10,556
Acquisition earnouts, Payments Due by Period, 2017	1,827
Acquisition earnouts, Payments Due by Period, Total	12,383
Deferred purchase consideration, Payments Due by Period, 2016	6,128
Deferred purchase consideration, Payments Due by Period, Total	6,128
Operating lease obligations, Payments Due by Period, 2016	5,461
Operating lease obligations, Payments Due by Period, 2017	5,032
Operating lease obligations, Payments Due by Period, 2018	4,089
Operating lease obligations, Payments Due by Period, 2019	3,678
Operating lease obligations, Payments Due by Period, 2020	2,751
Operating lease obligations, Payments Due by Period, Thereafter	1,744
Operating lease obligations, Payments Due by Period, Total	22,755
2,016	2,275
Total	2,275
Total contractual obligations, Payments Due by Period, 2016	34,192
Total contractual obligations, Payments Due by Period, 2017	18,470
Total contractual obligations, Payments Due by Period, 2018	16,117
Total contractual obligations, Payments Due by Period, 2019	17,450
Total contractual obligations, Payments Due by Period, 2020	95,728
Total contractual obligations, Payments Due by Period, Thereafter	1,744
Total contractual obligations, Payments Due by Period, Total	$ 183,701

Warrant Redemption Liability -

Warrant Redemption Liability - Additional Information (Details) - USD ($)	Dec. 23, 2015	Dec. 13, 2015	Dec. 31, 2015	Dec. 31, 2014	Nov. 24, 2015	Jan. 22, 2015	Aug. 06, 2014	Nov. 27, 2013
Class Of Warrant Or Right [Line Items]
Warrant redemption liability			$ 28,120,000	$ 12,879,000
Issuance of common stock			$ 97,831,000	19,500,000
Less value attributable to stock warrants				$ (5,667,000)
Common Stock
Class Of Warrant Or Right [Line Items]
Issuance of common stock, shares			7,350,000	3,043,000
Issuance of common stock			$ 7,000
Common Stock | PennantPark Loan Agreement
Class Of Warrant Or Right [Line Items]
Warrant redemption liability			$ 0
Exercise price of warrants					$ 2.67	$ 2.67
Warrant exercised detachable common stock					144,855	965,700
Warrant issued detachable common stock						1,110,555
Common Stock | New Lenders
Class Of Warrant Or Right [Line Items]
Exercise price of warrants								$ 2.67
Warrant issued detachable common stock								626,295
Warrants expiration date			Nov. 27, 2023
Less value attributable to stock warrants				$ 7,300,000
Common Stock | Additional Tranche
Class Of Warrant Or Right [Line Items]
Exercise price of warrants							$ 2.67
Warrant issued detachable common stock							484,260
Warrants expiration date			Nov. 27, 2023
Less value attributable to stock warrants				$ 5,600,000
Securities Purchase Agreement
Class Of Warrant Or Right [Line Items]
Issuance of common stock, shares		666,666
Stock Back-to-Back Agreement
Class Of Warrant Or Right [Line Items]
Number of shares of common stock purchased on proportion of shares issued upon exercise of warrants		60.00%
Exchange Agreement
Class Of Warrant Or Right [Line Items]
Issuance of common stock, shares	666,666
Number of shares of common stock purchased on proportion of shares issued upon exercise of warrants	100.00%
Shares of Common Stock Rescinded from Sale and Purchase	666,666
Mr. Mariano | Securities Purchase Agreement
Class Of Warrant Or Right [Line Items]
Issuance of common stock, shares		2,500,000
Issuance of common stock		$ 30,000,000
Series A Warrants
Class Of Warrant Or Right [Line Items]
Warrant redemption liability		28,100,000
Series B Warrants
Class Of Warrant Or Right [Line Items]
Warrant redemption liability		$ 28,100,000
Old Series A Warrants | Securities Purchase Agreement
Class Of Warrant Or Right [Line Items]
Warrants to purchase shares of common stock		2,083,333
Old Series A Warrants | Securities Purchase Agreement | Maximum
Class Of Warrant Or Right [Line Items]
Warrants to purchase shares of common stock		2,083,333
Old Series B Warrants | Securities Purchase Agreement
Class Of Warrant Or Right [Line Items]
Prepaid warrants to purchase shares of common stock		1,000,000
Old Series B Warrants | Exchange Agreement
Class Of Warrant Or Right [Line Items]
Prepaid warrants to purchase shares of common stock	1,000,000
Old Warrants | Securities Purchase Agreement
Class Of Warrant Or Right [Line Items]
Aggregate purchase price of warrants		$ 20,000,000
New Series A Warrants
Class Of Warrant Or Right [Line Items]
Date from which warrants exercisable, start date			Jul. 1, 2016
Date from which warrants exercisable, end date			Dec. 31, 2020
New Series A Warrants | Exchange Agreement | Maximum
Class Of Warrant Or Right [Line Items]
Warrants to purchase shares of common stock	3,250,000
New Series B Warrants
Class Of Warrant Or Right [Line Items]
Exercise price of warrants	$ 0.01
Date from which warrants exercisable, start date			Dec. 16, 2015
Date from which warrants exercisable, end date			Dec. 31, 2020
New Series B Warrants | Exchange Agreement
Class Of Warrant Or Right [Line Items]
Warrants to purchase shares of common stock	4,895,985
Percentage of lowest ten day volume weighted average stock price	90.00%
Exchange agreements, commencement date	Feb. 1, 2016
Exchange agreements, end date	Mar. 17, 2016
Exercise price of warrants	$ 4.51

Income Taxes - Components of Co

Income Taxes - Components of Consolidated Income Tax Provision (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Income Tax Disclosure [Abstract]
Current income tax expense (benefit)	$ 4,816	$ 12,270	$ (3,774)
Deferred income tax expense before increase in valuation allowance	(5,881)	(651)	1,785
Net Income Tax Benefit before Increase in Valuation Allowance	(1,065)	11,619	(1,989)
Increase in valuation allowance	5,936	16	2,701
Net Income Tax Expense	$ 4,871	$ 11,635	$ 712

Income Taxes - Reconciliation o

Income Taxes - Reconciliation of Provision for Income Taxes with U.S. Federal Statutory Income Tax Rate (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Income Tax Reconciliation Expense Benefit [Line Items]
(Loss) Income before income tax expense	$ 1,236	$ 5,178	$ 1,345	$ (8,153)	$ (1,182)	$ 26,029	$ (5,213)	$ 2,460	$ (394)	$ 22,094	$ (5,556)
Income tax expense (benefit) at statutory federal rate									(134)	7,733	(1,889)
State income tax (benefit), net of federal deduction									967	1,153	(63)
Tax effect of:
Loss on exchange of units and warrants											52
Gain on redemption of MCMC Units attributable to difference between tax basis and book basis										1,883
Expenses incurred in connection with acquisitions									24	247
Effect of rate change on deferred tax assets									(1,438)
Amortization of loan discounts and loan costs											1,538
(Decrease) Increase in fair value of warrant redemption liability									(471)	638
Gain on rescission and exchange agreement									(207)
Deferred tax liability established effective November 27, 2013, attributable to goodwill arising from December 14, 2011 acquisition of PRS											291
Patriot Captive Management (income) loss not subject to U.S. federal income taxes as a non-U.S.-domiciled company									(102)	22	23
Other items, net									296	(57)
Net Income Tax Benefit before Increase in Valuation Allowance									(1,065)	11,619	(1,989)
Increase in valuation allowance									5,936	16	2,701
Net Income Tax Expense									$ 4,871	$ 11,635	$ 712
Income tax expense (benefit) at statutory federal rate, Rate									34.00%	35.00%	34.00%
State income tax (benefit), net of federal deduction, Rate									(245.40%)	5.20%	1.10%
Tax effect of:
Loss on exchange of units and warrants, Rate											(0.90%)
Gain on redemption of MCMC Units attributable to difference between tax basis and book basis, Rate										8.50%
Expenses incurred in connection with acquisitions, Rate									(6.10%)	1.10%
Effect of rate change on deferred tax assets, Rate									365.00%
Amortization of loan discounts and loan costs, Rate											(27.70%)
(Decrease) Increase in fair value of warrant redemption liability, Rate									119.50%	2.90%
Gain on rescission and exchange agreement, Rate									52.50%
Deferred tax liability established effective attributable to goodwill acquisition of PRS, Rate											(5.20%)
Patriot Captive Management (income) loss not subject to U.S. federal income taxes as a non-U.S.-domiciled company, Rate									25.90%	0.10%	(0.40%)
Other items, net, Rate									(75.10%)	(0.30%)
Actual Income Tax Expense (Benefit) before Increase in Valuation Allowance, Rate									270.30%	52.60%	35.80%
Increase in valuation allowance, Rate									(1506.60%)	0.10%	(48.60%)
Actual Income Tax Expense, Total rate									(1236.30%)	52.70%	(12.80%)
PSI, PRS and Forza [Member]
Tax effect of:
PSI, PRS and Forza income passed through to the sole shareholder for federal tax purposes for the period January 1, 2013 to November 27, 2013 and the year ended December 31, 2012											$ (1,992)
Tax effect of:
PSI, PRS and Forza income passed through to the sole shareholder for federal tax purposes, Rate											35.90%
Contego Service Group, Inc [Member]
Tax effect of:
PSI, PRS and Forza income passed through to the sole shareholder for federal tax purposes for the period January 1, 2013 to November 27, 2013 and the year ended December 31, 2012											$ 51
Tax effect of:
PSI, PRS and Forza income passed through to the sole shareholder for federal tax purposes, Rate											(0.90%)

Income Taxes - Additional Infor

Income Taxes - Additional Information (Details)	12 Months Ended
	Dec. 31, 2015USD ($)Segment	Dec. 31, 2014USD ($)	Dec. 31, 2013USD ($)
Income Tax Disclosure [Line Items]
Provision for federal income taxes	$ 0	$ 0	$ 0
Business operating segments | Segment	1
Effect of rate change on deferred tax assets	$ (1,438,000)
Unrecognized tax benefits	0	0
Uncertain tax positions	0	0
Valuation allowance	$ 12,194,000	$ 6,258,000
Non Us
Income Tax Disclosure [Line Items]
Business operating segments | Segment	2

Income Taxes - Components of Ou

Income Taxes - Components of Our Deferred Tax Assets and Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Deferred tax assets:
Purchased intangibles	$ 17,672	$ 19,114
Accrued liabilities and other deferred tax assets	3,648	351
Total deferred tax assets	21,320	19,465
Valuation allowance for deferred tax assets	(12,194)	(6,258)
Deferred tax assets	9,126	13,207
Deferred tax liabilities:
Nondeductible amortizable intangible assets	9,126	13,195
Depreciable fixed assets		12
Total deferred tax liabilities	$ 9,126	$ 13,207

Income Taxes - Schedule of Pro

Income Taxes - Schedule of Pro Forma Net Income Tax Benefit (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Income Tax Net Pro Forma Benefit [Line Items]
Current income tax expense (benefit)	$ 4,816	$ 12,270	$ (3,774)
Deferred income tax expense before increase in valuation allowance	(5,881)	(651)	1,785
Net Income Tax Benefit before Increase in Valuation Allowance	(1,065)	11,619	(1,989)
Increase in valuation allowance	5,936	16	2,701
Net Income Tax Expense	$ 4,871	$ 11,635	712
Pro Forma [Member]
Income Tax Net Pro Forma Benefit [Line Items]
Current income tax expense (benefit)			(2,174)
Deferred income tax expense before increase in valuation allowance			1,565
Net Income Tax Benefit before Increase in Valuation Allowance			(609)
Increase in valuation allowance			2,701
Net Income Tax Expense			$ 2,092

Income Taxes - Schedule of Pr88

Income Taxes - Schedule of Pro Forma Income Tax Rates, Expressed Percent of Net Income Before Income Tax Expense (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Income Tax Net Pro Forma Benefit [Line Items]
(Loss) Income before income tax expense	$ 1,236	$ 5,178	$ 1,345	$ (8,153)	$ (1,182)	$ 26,029	$ (5,213)	$ 2,460	$ (394)	$ 22,094	$ (5,556)
Income tax expense (benefit) at statutory federal rate									(134)	7,733	(1,889)
State income tax (benefit), net of federal deduction									967	1,153	(63)
Tax effect of:
Loss on exchange of units and warrants											52
Amortization of loan discounts and loan costs											1,538
Patriot Captive Management (income) loss not subject to U.S. federal income taxes as a non-U.S.-domiciled company									(102)	22	23
Other items, net									296	(57)
Net Income Tax Benefit before Increase in Valuation Allowance									(1,065)	11,619	(1,989)
Increase in valuation allowance									5,936	16	2,701
Net Income Tax Expense									$ 4,871	$ 11,635	$ 712
Income tax expense (benefit) at statutory federal rate, Rate									34.00%	35.00%	34.00%
State income tax (benefit), net of federal deduction, Rate									(245.40%)	5.20%	1.10%
Tax effect of:
Loss on exchange of units and warrants, Rate											(0.90%)
Amortization of loan discounts and loan costs, Rate											(27.70%)
Patriot Captive Management (income) loss not subject to U.S. federal income taxes as a non-U.S.-domiciled company, Rate									25.90%	0.10%	(0.40%)
Other items, net, Rate									(75.10%)	(0.30%)
Actual Income Tax Expense (Benefit) before Increase in Valuation Allowance, Rate									270.30%	52.60%	35.80%
Increase in valuation allowance, Rate									(1506.60%)	0.10%	(48.60%)
Actual Income Tax Expense, Rate									1236.30%	(52.70%)	12.80%
Pro Forma [Member]
Income Tax Net Pro Forma Benefit [Line Items]
(Loss) Income before income tax expense											$ (5,556)
Income tax expense (benefit) at statutory federal rate											(1,889)
State income tax (benefit), net of federal deduction											(20)
Tax effect of:
Loss on exchange of units and warrants											52
Amortization of loan discounts and loan costs											1,677
Difference in tax basis of net identifiable liabilities assumed in acquisition pursuant to Internal Revenue Code §338(h)(10) election											(492)
Patriot Captive Management (income) loss not subject to U.S. federal income taxes as a non-U.S.-domiciled company											23
Other items, net											40
Net Income Tax Benefit before Increase in Valuation Allowance											(609)
Increase in valuation allowance											2,701
Net Income Tax Expense											$ 2,092
Income tax expense (benefit) at statutory federal rate, Rate											34.00%
State income tax (benefit), net of federal deduction, Rate											0.40%
Tax effect of:
Loss on exchange of units and warrants, Rate											(0.90%)
Amortization of loan discounts and loan costs, Rate											(30.20%)
Difference in tax basis of net identifiable liabilities assumed in acquisition pursuant to Internal Revenue Code §338(h)(10) election, Rate											8.90%
Patriot Captive Management (income) loss not subject to U.S. federal income taxes as a non-U.S.-domiciled company, Rate											(0.40%)
Other items, net, Rate											(0.70%)
Actual Income Tax Expense (Benefit) before Increase in Valuation Allowance, Rate											11.00%
Increase in valuation allowance, Rate											(48.60%)
Actual Income Tax Expense, Rate											37.70%

Quarterly Operating Results (89

Quarterly Operating Results (unaudited) - Schedule of Quarterly Operating Results (Detail) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Quarterly Financial Data [Abstract]
Total fee income and fee income from related party	$ 60,852	$ 58,532	$ 47,388	$ 42,992	$ 40,245	$ 31,433	$ 15,453	$ 15,599	$ 209,764	$ 102,730	$ 55,873
Total revenues	60,872	58,523	47,332	42,993	40,245	45,469	15,742	15,808	209,720	117,264	55,910
Total expenses	59,636	53,345	45,987	51,146	41,427	19,440	20,955	13,348	210,114	95,170	61,466
Net (loss) income before income tax expense	1,236	5,178	1,345	(8,153)	(1,182)	26,029	(5,213)	2,460	(394)	22,094	(5,556)
Net Income (Loss)	$ (5,367)	$ 3,788	$ 1,020	$ (4,816)	$ (2,393)	$ 16,902	$ (5,597)	$ 1,502	$ (5,375)	$ 10,414	$ (6,186)
Basic net earnings (loss) per share	$ (0.19)	$ 0.14	$ 0.04	$ (0.19)	$ (0.13)	$ 1.03	$ (0.39)	$ 0.11	$ (0.20)	$ 0.66	$ (0.43)
Diluted net earnings (loss) per share	$ (0.19)	$ 0.14	$ 0.04	$ (0.19)	$ (0.13)	$ 0.46	$ (0.39)	$ 0.10	$ (0.20)	$ 0.66	$ (0.43)

Valuation and Qualifying Acco90

Valuation and Qualifying Accounts - Schedule of Valuation and Qualifying Accounts (Detail) - Allowance for Uncollectible Fee Income Receivable - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Valuation And Qualifying Accounts Disclosure [Line Items]
Balance at Beginning of Period	$ 136	$ 2,544
Provision for Doubtful Accounts	351	502
Deductions	(232)	(2,910)
Balance at End of Period	$ 255	$ 136

Subsequent Events - Additional

Subsequent Events - Additional Information (Details)	Mar. 03, 2016USD ($)	Feb. 01, 2016Installments	Jan. 26, 2016USD ($)	Dec. 31, 2015USD ($)	Feb. 09, 2016shares
Subsequent Event [Line Items]
Business acquisition, cash paid				$ 83,203,000
Business acquisition, maximum potential earnout payable				$ 15,005,000
Subsequent Event
Subsequent Event [Line Items]
Common stock, shares registered | shares					10,348,794
Common stock approved under share repurchase program	$ 15,000,000
Subsequent Event | PIPE Investors
Subsequent Event [Line Items]
Warrants to purchase shares of common stock | shares					7,848,794
Subsequent Event | TriGen Stock Purchase Agreement
Subsequent Event [Line Items]
Number of installment payments of Class B purchase price | Installments		2
Subsequent Event | Maximum
Subsequent Event [Line Items]
Share repurchase program, period	18 months
Subsequent Event | Mid Atlantic Insurance Services, Inc.
Subsequent Event [Line Items]
Business acquisition, cash paid			$ 8,000,000
Business acquisition, maximum potential earnout payable			$ 8,500,000
Business acquisition, earn-out term			5 years
Business acquisition, maximum earn-out payment guaranteed			$ 7,000,000
Subsequent Event | Mid Atlantic Insurance Services, Inc. | Maximum
Subsequent Event [Line Items]
Business acquisition, cash paid			$ 16,500,000