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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Cash flows from operating activities:      
Net income (loss) $ (1,930) $ 28,068 $ 9,180
Adjustments to reconcile net income (loss) to cash provided by operating activities:      
Depreciation 1,751 1,767 2,053
Amortization of identifiable intangible assets 514    
Stock-based compensation 144 185 243
Deferred income taxes (917) (19,223) (1)
Net realized losses (gains) on sales and redemptions of investments 11 (23) 29
Investment income from other investments (396) (85) (399)
Other 261 224 279
Change in:      
Premiums, fees, and commission receivable (13,457) (10,197) (937)
Loss and loss adjustment expense reserves 25,458 12,327 5,026
Unearned premiums and fees 15,484 11,959 891
Accrued expenses 2,577 232 236
Other (193) 1,775 1,155
Net cash provided by operating activities 29,307 27,009 17,755
Cash flows from investing activities:      
Purchases of investments, available-for-sale (25,383) (12,314) (18,616)
Maturities and redemptions of investments, available-for-sale 15,988 19,941 21,769
Purchases of other investments (2,190) (3,080) (7,139)
Distributions from other investments 2,088 195 25
Capital expenditures (2,768) (1,427) (914)
Business acquired through asset purchase (33,770)    
Other (205) (2) (2)
Net cash (used in) provided by investing activities (46,240) 3,313 (4,877)
Cash flows from financing activities:      
Proceeds from term loan from principal stockholder 30,000    
Net proceeds from issuance of common stock 91 74 51
Net cash provided by financing activities 30,091 74 51
Net change in cash and cash equivalents 13,158 30,396 12,929
Cash and cash equivalents, beginning of period 102,429 72,033 59,104
Cash and cash equivalents, end of period $ 115,587 $ 102,429 $ 72,033