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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Reconciliation of net income (loss) to cash provided by operating activities:    
Net income (loss) $ 48,228 $ (1,146)
Add (deduct):    
Depreciation and amortization 22,728 22,013
Provision for bad debt 1,189 1,672
Investment and other gains – net (4,706) (728)
Payments for title losses in excess of provisions (4,446) (5,049)
Insurance recoveries of title losses 290 763
Impairment of goodwill 0 35,000
Decrease in receivables – net 4,386 8,634
Increase in other assets – net (1,389) (1,446)
Decrease in payables and accrued liabilities – net (16,027) (3,147)
Change in net deferred income taxes 3,159 (453)
Net income from equity investees (1,933) (2,904)
Dividends received from equity investees 1,912 3,111
Stock based compensation expense 5,093 4,626
Other – net 5,502 4,651
Cash provided by operating activities 63,986 65,597
Investing activities:    
Proceeds from investments available-for-sale sold 49,666 60,314
Proceeds from investments available-for-sale matured 25,562 40,270
Purchases of investments available-for-sale (122,149) (101,503)
Net (purchases) sales of short-term investments (361) 3,160
Purchases of property and equipment, title plants and real estate – net (13,615) (13,373)
Cash paid for acquisition of subsidiaries (300) (3,958)
Other – net 944 1,904
Cash used by investing activities (60,253) (13,186)
Financing activities:    
Payments on notes payable (3,058) (19,325)
Proceeds from notes payable 24,804 30,196
Distributions to noncontrolling interests (9,430) (6,861)
Repurchases of common stock 0 (27,815)
Cash dividends paid (20,800) (11,280)
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) 23
Cash used by financing activities (22,787) (35,062)
Effects of changes in foreign currency exchange rates 1,775 (6,592)
(Decrease) increase in cash and cash equivalents (17,279) 10,757
Cash and cash equivalents at beginning of period 179,067 200,558
Cash and cash equivalents at end of period $ 161,788 $ 211,315