XML 171 R133.htm IDEA: XBRL DOCUMENT v3.20.4
PARENT COMPANY ONLY FINANCIAL INFORMATION (Cash Flows) (Details) - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Dec. 31, 2020
Sep. 30, 2020
Jun. 30, 2020
Mar. 31, 2020
Dec. 31, 2019
Sep. 30, 2019
Jun. 30, 2019
Mar. 31, 2019
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Cash flows from operating activities:                      
Net income $ 39,809 $ 47,958 $ 30,131 $ 20,040 $ 37,851 $ 34,612 $ 45,169 $ 31,497 $ 137,938 $ 149,129 $ 116,998
Adjustments to reconcile net income to net cash provided by operating activities:                      
Gain on extinguishment of debt                 0 (375) 0
Other, net                 (1,745) (34,786) (8,760)
NET CASH PROVIDED BY OPERATING ACTIVITIES                 190,368 161,174 242,750
Cash flows from investing activities:                      
Repayment of advances from subsidiaries                 0 6,000 0
Net assets acquired                 641,315 76,071 212,197
NET CASH USED BY INVESTING ACTIVITIES                 (2,301,426) (573,970) (124,220)
Cash flows from financing activities:                      
Proceeds on short-term revolving credit line                 0 0 25,000
Proceeds from other borrowings                 314,397 50 30,131
Repayments on short-term revolving credit line                 0 0 (25,000)
Repayments of other borrowings                 (134,244) (20,693) (59,157)
Payment for the redemption of debt                 0 (2,125) 0
Cash dividends paid                 (31,906) (24,607) (19,357)
Purchase of treasury stock                 0 0 (97)
Proceeds from issuance of preferred stock                 110,705 0 0
Proceeds from issuance of common stock                 3,004 661 489
NET CASH PROVIDED (USED) BY FINANCING ACTIVITIES                 2,070,227 517,900 (40,903)
Net increase (decrease) in cash and cash equivalents                 (40,831) 105,104 77,627
Cash and cash equivalents at beginning of year       378,734       273,630 378,734 273,630 196,003
CASH AND CASH EQUIVALENTS AT END OF PERIOD 337,903       378,734       337,903 378,734 273,630
Supplemental disclosure:                      
Dividends declared, not paid 2,013       0       2,013 0 0
Conversion/redemption of Series D preferred stock to common stock                 0 0 938
Stock consideration granted for acquisitions                 217,202 92,258 238,075
Parent                      
Cash flows from operating activities:                      
Net income                 137,938 149,129 116,998
Adjustments to reconcile net income to net cash provided by operating activities:                      
Undistributed earnings of subsidiaries                 (73,430) (34,307) (52,570)
Gain on extinguishment of debt                 0 (375) 0
Increase in accrued expenses and other liabilities                 8,419 3,274 5,336
Increase in other assets                 (19,168) (12,248) (1,559)
Excess tax (expense) benefit from stock based compensation                 (93) 270 674
Other, net                 6,375 4,103 5,401
NET CASH PROVIDED BY OPERATING ACTIVITIES                 60,041 109,846 74,280
Cash flows from investing activities:                      
Capital contributions to subsidiaries                 (70,000) (46,583) (30,696)
Net assets acquired                 (41,982) (594) (13,504)
NET CASH USED BY INVESTING ACTIVITIES                 (111,982) (41,177) (44,200)
Cash flows from financing activities:                      
Proceeds on short-term revolving credit line                 0 0 25,000
Proceeds from other borrowings                 0 0 30,000
Repayments on short-term revolving credit line                 0 0 (25,000)
Repayments of other borrowings                 (7,000) (20,023) (25,759)
Payment for the redemption of debt                 0 (2,500) 0
Cash dividends paid                 (31,906) (24,607) (19,357)
Purchase of treasury stock                 0 0 (97)
Proceeds from issuance of preferred stock                 110,705 0 0
Proceeds from issuance of common stock                 3,004 661 489
NET CASH PROVIDED (USED) BY FINANCING ACTIVITIES                 74,803 (46,469) (14,724)
Net increase (decrease) in cash and cash equivalents                 22,862 22,200 15,356
Cash and cash equivalents at beginning of year       $ 61,866       $ 39,666 61,866 39,666 24,310
CASH AND CASH EQUIVALENTS AT END OF PERIOD $ 84,728       $ 61,866       84,728 61,866 39,666
Supplemental disclosure:                      
Conversion of convertible debt to common stock                 14,891 0 0
Conversion/redemption of Series D preferred stock to common stock                 0 0 938
Stock consideration granted for acquisitions                 $ 217,202 $ 92,258 $ 238,075