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Supplemental Disclosures of Cash Flow Information and Non-Cash Financing and Investing Activities
12 Months Ended
Dec. 31, 2019
Supplemental Cash Flow Elements [Abstract]  
Supplemental Disclosures of Cash Flow Information and Non-Cash Financing and Investing Activities

NOTE 13  Supplemental Disclosures of Cash Flow Information and Non-Cash Financing and Investing Activities

The Company’s cash paid during the period for interest and income taxes are summarized as follows:

 

 

 

Year Ended December 31,

 

(in thousands)

 

2019

 

 

2018

 

 

2017

 

Cash paid during the period for:

 

 

 

 

 

 

 

 

 

 

 

 

Interest

 

$

58,290

 

 

$

38,032

 

 

$

36,172

 

Income taxes

 

$

110,046

 

 

$

110,557

 

 

$

152,024

 

 

The Company’s significant non-cash investing and financing activities are summarized as follows:

 

 

 

Year Ended December 31,

 

(in thousands)

 

2019

 

 

2018

 

 

2017

 

Other payables issued for purchased customer accounts

 

$

12,135

 

 

$

5,462

 

 

$

11,708

 

Estimated acquisition earn-out payables and related charges

 

$

82,872

 

 

$

77,378

 

 

$

6,921

 

Notes received on the sale of fixed assets and customer accounts

 

$

9,903

 

 

$

52

 

 

$

 

 

Our Restricted Cash balance is composed of funds held in separate premium trust accounts as required by state law or, in some cases, per agreement with our carrier partners. The following is a reconciliation of cash and cash equivalents inclusive of restricted cash as of December 31, 2019, 2018 and 2017.

 

 

 

Balance as of December 31,

 

(in thousands)

 

2019

 

 

2018

 

 

2017

 

Table to reconcile cash and cash equivalents inclusive of

   restricted cash

 

 

 

 

 

 

 

 

 

 

 

 

Cash and cash equivalents

 

$

542,174

 

 

$

438,961

 

 

$

573,383

 

Restricted cash

 

 

420,801

 

 

 

338,635

 

 

 

250,705

 

Total cash and cash equivalents inclusive of restricted cash at

   the end of the period

 

$

962,975

 

 

$

777,596

 

 

$

824,088