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CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Thousands
Dec. 31, 2017
Dec. 31, 2016
Current Assets:    
Cash and cash equivalents $ 573,383 $ 515,646
Restricted cash and investments 250,705 265,637
Short-term investments 24,965 15,048
Premiums, commissions and fees receivable 546,402 502,482
Reinsurance recoverable 477,820 78,083
Prepaid reinsurance premiums 321,017 308,661
Other current assets 47,864 50,571
Total current assets 2,242,156 1,736,128
Fixed assets, net 77,086 75,807
Goodwill 2,716,079 2,675,402
Amortizable intangible assets, net 641,005 707,454
Investments 13,949 23,048
Other assets 57,275 44,895
Total assets 5,747,550 5,262,734
Current Liabilities:    
Premiums payable to insurance companies 685,163 647,564
Losses and loss adjustment reserve 476,721 78,083
Unearned premiums 321,017 308,661
Premium deposits and credits due customers 91,648 83,765
Accounts payable 64,177 69,595
Accrued expenses and other liabilities 228,748 201,989
Current portion of long-term debt 120,000 55,500
Total current liabilities 1,987,474 1,445,157
Long-term debt less unamortized discount and debt issuance costs 856,141 1,018,372
Deferred income taxes, net 256,185 357,686
Other liabilities 65,051 81,308
Shareholders’ Equity:    
Common stock, par value $0.10 per share; authorized 280,000 shares; issued 148,824 shares and outstanding 138,105 shares at 2017, issued 148,107 shares and outstanding 140,104 shares at 2016 14,882 14,811
Additional paid-in capital 497,540 468,443
Treasury stock, at cost 10,719 and 8,003 shares at 2017 and 2016, respectively (386,322) (257,683)
Retained earnings 2,456,599 2,134,640
Total shareholders’ equity 2,582,699 2,360,211
Total liabilities and shareholders’ equity $ 5,747,550 $ 5,262,734