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Consolidated Statements of Cash Flows - USD ($)
shares in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
OPERATING ACTIVITIES      
Net income (loss) $ 28,636,000 $ 27,155,000 $ (1,119,000)
Adjustments to reconcile net (loss) income to net cash provided by (used in) operating activities:      
Stock-based compensation 5,379,000 5,273,000 4,815,000
Bond amortization and accretion 5,087,000 6,247,000 8,810,000
Amortization of original issuance discount on debt 1,419,000 3,885,000 2,314,000
Depreciation and amortization 10,436,000 27,070,000 7,742,000
Allowance for bad debt 290,300 0 0
Net realized loss (gain) (1,734,000) 399,000 (564,000)
Net change in unrealized losses of equity securities (2,429,000) 2,078,000  
Change in fair value of option feature     41,013,000
Net loss on property held for sale   737,000  
Net loss (gain) on repurchase of debt 48,000 9,790,000 1,203,000
Deferred income taxes, net of acquired (898,000) (21,563,000) 19,619,000
Changes in operating assets and liabilities:      
Accrued investment income 91,000 589,000 303,000
Premiums receivable, net (6,685,000) 10,757,000 (910,000)
Prepaid reinsurance premiums 8,969,000 (5,307,000) 16,223,000
Reinsurance premiums receivable and recoverable (110,973,000) 39,427,000 (284,284,000)
Income taxes receivable 32,415,000 1,752,000 (28,598,000)
Deferred policy acquisition costs, net (4,156,000) (31,377,000) 1,101,000
Operating lease right-of-use assets (6,645,000)    
Other assets (1,728,000) 8,972,000 (4,907,000)
Unpaid losses and loss adjustment expenses 181,174,000 (37,724,000) 236,142,000
Unearned premiums 13,863,000 (2,977,000) (17,740,000)
Reinsurance payable (10,624,000) 149,398,000 (79,106,000)
Accrued interest 175,000 (1,993,000) 3,217,000
Income taxes payable 12,624,000    
Advance premiums (3,496,000) (7,251,000) 3,355,000
Accrued compensation (3,879,000) (3,648,000) 3,155,000
Operating lease liabilities 8,369,000    
Other liabilities (36,071,000) (85,351,000) 75,705,000
Net cash provided by operating activities 119,657,000 96,338,000 7,489,000
INVESTING ACTIVITIES      
Fixed maturity securities sales, maturities and paydowns 161,160,000 241,497,000 338,180,000
Fixed maturity securities purchases (228,047,000) (211,963,000) (210,070,000)
Equity securities sales 26,766,000 4,820,000 11,726,000
Equity securities purchases (4,583,000) (5,992,000) (5,774,000)
Other investment purchases (24,250,000) (1,716,000)  
Proceeds from other investments sold 19,995,000    
Acquisition of a business, net of cash acquired     (140,919,000)
Collection of (issued) promissory note receivable 358,000 (910,000)  
Cost of property and equipment acquired (4,984,000) (2,281,000) (385,000)
Net cash provided by (used in) investing activities (53,585,000) 23,455,000 (7,242,000)
FINANCING ACTIVITIES      
Proceeds from convertible notes     136,750,000
Proceeds from long-term debt   114,200,000  
Repurchase of convertible notes (2,869,000) (52,739,000) (25,189,000)
Debt acquisition costs   (3,431,000) (5,609,000)
Proceeds from mortgage loan     12,658,000
Proceeds from exercise of stock options     417,000
Mortgage loan payments (277,000) (264,000)  
Repayments of long-term debt (15,625,000) (79,500,000)  
Tax withholding on share-based compensation awards (3,521,000) (1,839,000) (1,599,000)
Purchase of treasury stock (16,183,000) (2,000,000) (61,623,000)
Dividends (6,959,000) (6,380,000) (8,249,000)
Net cash (used in) provided by financing activities (45,434,000) (31,953,000) 47,556,000
Increase in cash, cash equivalents, and restricted cash 20,638,000 87,840,000 47,803,000
Cash, cash equivalents and restricted cash, beginning of period 262,370,000 174,530,000 126,727,000
Cash, cash equivalents and restricted cash, end of period 283,008,000 262,370,000 174,530,000
Supplemental Cash Flows Information:      
Income taxes paid, net 14,165,000 31,289,000 4,500,000
Interest paid $ 7,298,000 $ 17,573,000 4,054,000
Supplemental Disclosure of Non-Cash Investing and Financing Activities      
Original issue discount on convertible notes     16,838,000
Issuance of shares on conversion of convertible notes   53,044  
Issuance of shares for consideration in the acquisition of a business     $ 40,000,000