XML 15 R3.htm IDEA: XBRL DOCUMENT v3.7.0.1
CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Thousands
Sep. 30, 2016
Dec. 31, 2015
Current Assets:    
Cash and cash equivalents $ 488,683 $ 443,420
Restricted cash and investments 278,279 229,753
Short-term investments 13,287 13,734
Premiums, commissions and fees receivable 469,452 433,885
Reinsurance recoverable 332,004 31,968
Prepaid reinsurance premiums 333,967 309,643
Deferred income taxes 16,961 24,635
Other current assets 42,041 50,351
Total current assets 1,974,674 1,537,389
Fixed assets, net 77,771 81,753
Goodwill 2,672,365 2,586,683
Amortizable intangible assets, net 726,140 744,680
Investments 26,307 18,092
Other assets 44,770 35,882
Total assets 5,522,027 5,004,479
Current Liabilities:    
Premiums payable to insurance companies 619,149 574,736
Losses and loss adjustment reserve 332,004 31,968
Unearned premiums 333,967 309,643
Premium deposits and credits due customers 111,012 83,098
Accounts payable 53,911 63,910
Accrued expenses and other liabilities 171,200 192,067
Current portion of long-term debt 80,492 73,125
Total current liabilities 1,701,735 1,328,547
Long-term debt less unamortized discount and debt issuance costs 1,031,693 1,071,618
Deferred income taxes, net 376,658 360,949
Other liabilities 87,169 93,589
Shareholders’ Equity:    
Common stock, par value $0.10 per share; authorized 280,000 shares; issued 147,694 shares and outstanding 139,900 shares at 2016, issued 146,415 shares and outstanding 138,985 shares at 2015 14,811 14,642
Additional paid-in capital 464,028 426,498
Treasury stock, at cost 7,794 and 7,430 shares at 2016 and 2015, respectively (250,025) (238,775)
Retained earnings 2,095,958 1,947,411
Total shareholders’ equity 2,324,772 2,149,776
Total liabilities and shareholders’ equity $ 5,522,027 $ 5,004,479