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Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Operating Activities      
Net income $ 14,514 $ 16,203 $ 11,558
Adjustments to reconcile net income to net cash flows provided by operating activities:      
Change in deferred policy acquisition costs 3,223 (5,754) (2,096)
Depreciation and amortization 8,029 4,628 3,507
Deferred income tax expense 3,397 4,881 3,411
Net realized (gains) losses (4,193) (650) (54)
Loss on sale of subsidiary 477 0 0
Stock-based compensation expense 763 176 209
Amortization of premiums and discounts on investments 609 348 197
Non-controlling interest (170) (772) (184)
Change in allowance for doubtful accounts (112) (30) (100)
Changes in operating assets and liabilities, net of the effects of acquisitions        
Accrued investment income (16) 30 285
Other receivables (1,281) 4,874 1,148
Reinsurance recoverables (5,181) 4,416 25,225
Other assets (311) (1,600) (109)
Unpaid claims (315) (3,459) (211)
Unearned premiums 14,330 (5,222) (27,894)
Accrued expenses, accounts payable and other liabilities (13,618) (8,148) (1,499)
Deferred revenue (7,309) 3,181 0
Net cash flows (used in) provided by operating activities 12,836 13,102 13,393
Investing activities      
Proceeds from maturities, calls and prepayments of available-for-sale investments 9,701 12,114 12,323
Proceeds from sales of available-for-sale investments 62,300 8,769 14,376
Proceeds from maturities of short term investments 300 50 960
Purchases of available-for-sale investments (63,757) (24,047) (8,326)
Purchases of property and equipment (6,280) (9,191) (1,974)
Net (paid) for acquisitions of subsidiaries, net of cash received (50,143) (20,548) (38,577)
Sale of subsidiary, net of cash paid (153) 0 0
Proceeds from notes receivable (975) 684 120
Change in restricted cash 1,542 2,368 (5,434)
Net cash flows used in investing activities (47,465) (29,801) (26,532)
Financing activities      
Payments on notes payable (74,263) (20,000) (13,600)
Proceeds from notes payable 110,550 25,226 25,087
Capitalized closing costs for notes payable 0 (1,379) 0
Payments for intial public offering costs (826) 40,703 5,611
Payments on redeemable preferred stock (11,040) (500)   
Stockholder funds disbursed at purchase 0 (14,105) 0
Net proceeds from exercise of stock options 607 117 24
Excess tax benefits from stock-based compensation 45 86 0
(Purchase) issuance of treasury stock (2,552) 0 3,875
Stock Issued During Period, Value, Employee Stock Purchase Plan 58 0 0
Net cash flows provided by financing activities 22,579 30,148 20,997
Net (decrease) increase in cash and cash equivalents (12,050) 13,449 7,858
Cash and cash equivalents, beginning of period 43,389 29,940 22,082
Cash and cash equivalents, end of period 31,339 43,389 29,940
Supplemental disclosures of cash payments for:      
Interest 6,184 7,246 7,728
Income taxes 3,451 5,316 3,806
Non-cash consideration received from the sale of subsidiary $ 1,143 $ 0 $ 0