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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Reconciliation of net income to cash provided by operating activities:    
Net income $ 28,165 $ 18,462
Add (deduct):    
Depreciation and amortization 12,819 15,646
Provision for bad debt 634 1,098
Investment and other loss (gains) – net 389 (1,454)
Amortization of net premium on investments available-for-sale 3,421 3,559
Payments for title losses in excess of provisions (1,260) (3,690)
Adjustment for insurance recoveries of title losses 793 538
(Increase) decrease in receivables – net (8,999) 2,151
Increase in other assets – net (6,526) (2,936)
Decrease in payables and accrued liabilities – net (18,868) (20,768)
Change in net deferred income taxes 2,329 2,017
Net income from equity investees (977) (1,069)
Dividends received from equity investees 1,237 1,172
Stock-based compensation expense 3,372 3,723
Other – net 2 10
Cash provided by operating activities 16,531 18,459
Investing activities:    
Proceeds from investments available-for-sale sold 49,655 32,827
Proceeds from investments available-for-sale matured 22,834 7,782
Purchases of investments available-for-sale (88,381) (75,771)
Net purchases of short-term investments (853) (2,325)
Purchases of property and equipment, title plants and real estate – net (9,328) (11,494)
Cash paid for acquisition of businesses (18,080) 0
Other – net 410 592
Cash used by investing activities (43,743) (48,389)
Financing activities:    
Payments on notes payable (8,042) (15,101)
Proceeds from notes payable 16,022 34,578
Distributions to noncontrolling interests (5,300) (5,660)
Cash dividends paid (14,065) (13,760)
Cash paid on Class B Common Shares conversion 0 (12,000)
Payment of contingent consideration related to an acquisition (1,298) (2,002)
Purchase of remaining interest in consolidated subsidiary (1,013) (301)
Cash used by financing activities (13,696) (14,246)
Effects of changes in foreign currency exchange rates 2,341 2,375
Decrease in cash and cash equivalents (38,567) (41,801)
Cash and cash equivalents at beginning of period 185,772 179,067
Cash and cash equivalents at end of period $ 147,205 $ 137,266