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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Reconciliation of net loss to cash used by operating activities:    
Net loss $ (9,064) $ (11,344)
Add (deduct):    
Depreciation and amortization 8,306 7,105
Provision for bad debt 711 449
Investment and other gains – net (488) (1,151)
Payments for title losses less than provisions 101 12,654
Insurance recoveries of title losses 312 263
Increase in receivables – net (4,246) (13,476)
Increase in other assets – net (2,583) (5,527)
Decrease in payables and accrued liabilities – net (28,540) (14,501)
Decrease in net deferred income taxes (1,953) (2,222)
Net income from equity investees (341) (588)
Dividends received from equity investees 581 694
Stock based compensation expense 1,395 1,044
Other – net 3,968 (270)
Cash used by operating activities (31,841) (26,870)
Investing activities:    
Proceeds from investments available-for-sale sold 11,327 23,901
Proceeds from investments available-for-sale matured 260 9,802
Purchases of investments available-for-sale (44,254) (33,468)
Net purchases of short-term investments (2,302) (247)
Purchases of property and equipment, title plants and real estate – net (5,494) (4,979)
Cash paid for acquisition of subsidiaries 0 (3,958)
Other – net 387 543
Cash used by investing activities (40,076) (8,406)
Financing activities:    
Payments on notes payable (1,307) (5,951)
Proceeds from notes payable 10,000 0
Distributions to noncontrolling interests (3,028) (1,677)
Repurchases of common stock 0 (1,393)
Cash dividends paid (6,720) 0
Other – net (240) 98
Cash used by financing activities (1,295) (8,923)
Effects of changes in foreign currency exchange rates 2,898 (3,213)
Decrease in cash and cash equivalents (70,314) (47,412)
Cash and cash equivalents at beginning of period 179,067 200,558
Cash and cash equivalents at end of period $ 108,753 $ 153,146