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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
OPERATING ACTIVITIES    
Net income $ 7,685 $ 17,238
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Stock-based compensation 2,689 2,612
Bond amortization and accretion 2,514 3,454
Amortization of original issuance discount on debt 730 2,050
Depreciation and amortization 5,492 14,041
Net realized losses 394 312
Net unrealized investment gains (2,721)  
Net loss from repurchase of debt (48) (542)
Deferred income taxes 4,525 (15,579)
Changes in operating assets and liabilities:    
Accrued investment income (81) 751
Premiums receivable, net (45) (411)
Prepaid reinsurance premiums (98,472) (68,160)
Reinsurance recoverable on paid and unpaid claims (12,476) (110,500)
Income taxes receivable 17,855 (5,154)
Deferred policy acquisition costs, net (1,009) (27,970)
Other assets (8,811) (3,356)
Unpaid losses and loss adjustment expenses (1,947) 18,527
Unearned premiums 6,805 9,896
Reinsurance payable 157,859 258,930
Accrued interest 128 (3,148)
Accrued compensation (4,468) (9,723)
Advance premiums 4,463 12,173
Income taxes payable (14,396)  
Other liabilities 9,751 (47,109)
Net cash provided by operating activities 76,415 48,332
INVESTING ACTIVITIES    
Fixed maturity securities sales 61,290 158,251
Fixed maturity securities purchases (95,336) (127,701)
Proceeds from sales of equity securities 26,529 5,360
Purchase of equity securities (4,833) (4,605)
Limited partnership interest (20,006)  
Proceeds from sale of assets 71  
Cost of property and equipment acquired (4,487) (367)
Net cash (used in) provided by investing activities (36,772) 30,938
FINANCING ACTIVITIES    
Repayment of term note (11,875)  
Mortgage loan payments (138) (131)
Repurchase of convertible notes (2,869) (13,248)
Purchase of treasury stock (7,344) (2,000)
Tax withholdings on share-based compensation awards (118)  
Dividends paid (3,396) (3,194)
Net cash used in financing activities (25,740) (18,573)
Increase in cash, cash equivalents, and restricted cash 13,903 60,697
Cash, cash equivalents and restricted cash, beginning of period 262,370 174,530
Cash, cash equivalents and restricted cash, end of period 276,273 235,227
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION    
Income taxes paid 13,728 5,406
Interest paid 3,529 $ 8,317
Issuance of shares on conversion of convertible notes $ 4,210