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CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Thousands
Jun. 30, 2015
Dec. 31, 2014
Current Assets:    
Cash and cash equivalents $ 412,607 $ 470,048
Restricted cash and investments 245,893 259,769
Short-term investments 10,678 11,157
Premiums, commissions and fees receivable 415,584 424,547
Reinsurance recoverable 79,202 13,028
Prepaid reinsurance premiums 302,578 320,586
Deferred income taxes 16,053 25,431
Other current assets 64,849 45,542
Total current assets 1,547,444 1,570,108
Fixed assets, net 82,805 84,668
Goodwill 2,559,882 2,460,611
Amortizable intangible assets, net 772,080 784,642
Investments 21,246 19,862
Other assets 37,380 36,567
Total assets 5,020,837 4,956,458
Current Liabilities:    
Premiums payable to insurance companies 605,699 568,184
Losses and loss adjustment reserve 79,202 13,028
Unearned premiums 302,578 320,586
Premium deposits and credits due customers 85,524 83,313
Accounts payable 58,942 57,261
Accrued expenses and other liabilities 162,019 181,156
Current portion of long-term debt 34,375 45,625
Total current liabilities 1,328,339 1,269,153
Long-term debt 1,132,300 1,152,846
Deferred income taxes, net 340,244 341,497
Other liabilities 106,900 79,217
Shareholders’ Equity:    
Common stock, par value $0.10 per share; authorized 280,000 shares; issued 145,874 shares and outstanding 140,821 shares at 2015, issued 145,871 shares and outstanding 143,486 shares at 2014 14,587 14,587
Additional paid-in capital 403,600 405,982
Treasury stock, at cost 5,053 and 2,385 shares at 2015 and 2014, respectively (160,025) (75,025)
Retained earnings 1,854,877 1,768,201
Accumulated other comprehensive income, net of tax effect of $15 at 2015, of $0 at 2014 15 0
Total shareholders’ equity 2,113,054 2,113,745
Total liabilities and shareholders’ equity $ 5,020,837 $ 4,956,458