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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Reconciliation of net income to cash used by operating activities:    
Net income $ 18,462 $ 9,281
Add (deduct):    
Depreciation and amortization 15,646 14,379
Provision for bad debt 1,098 1,261
Investment and other gains – net (1,454) (1,540)
Payments for title losses in excess of provisions (2,615) (9,217)
Insurance recoveries of title losses 538 313
Decrease (increase) in receivables – net 1,076 (563)
Increase in other assets – net (2,936) (2,154)
Decrease in payables and accrued liabilities – net (20,768) (10,543)
Change in net deferred income taxes 2,017 656
Net income from equity investees (1,069) (2,114)
Dividends received from equity investees 1,172 2,099
Stock based compensation expense 3,723 3,606
Other – net 3,569 108
Cash provided by operating activities 18,459 5,572
Investing activities:    
Proceeds from investments available-for-sale sold 32,827 45,936
Proceeds from investments available-for-sale matured 7,782 12,469
Purchases of investments available-for-sale (75,771) (59,593)
Net (purchases) sales of short-term investments (2,325) 2,377
Purchases of property and equipment, title plants and real estate – net (11,494) (11,772)
Cash paid for acquisition of subsidiaries 0 (3,958)
Other – net 592 1,223
Cash used by investing activities (48,389) (13,318)
Financing activities:    
Payments on notes payable (15,101) (17,736)
Proceeds from notes payable 34,578 29,267
Distributions to noncontrolling interests (5,660) (3,638)
Repurchases of common stock 0 (27,793)
Cash dividends paid (13,760) (5,671)
Cash paid on Class B Common Shares conversion (12,000) 0
Payment of contingent consideration related to an acquisition (2,002) 0
Other – net (301) 78
Cash used by financing activities (14,246) (25,493)
Effects of changes in foreign currency exchange rates 2,375 (2,718)
Decrease in cash and cash equivalents (41,801) (35,957)
Cash and cash equivalents at beginning of period 179,067 200,558
Cash and cash equivalents at end of period $ 137,266 $ 164,601