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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Reconciliation of net income to cash provided by operating activities:    
Net income $ 42,076 $ 48,228
Add (deduct):    
Depreciation and amortization 19,397 22,728
Provision for bad debt 697 1,189
Investment and other losses (gains) – net 1,436 (4,706)
Amortization of net premium on investments available-for-sale 5,114 5,396
Payments for title losses less than (in excess of) provisions 5,940 (5,026)
Adjustment for insurance recoveries of title losses 757 290
(Increase) decrease in receivables – net (12,275) 4,966
Increase in other assets – net (5,633) (1,389)
Decrease in payables and accrued liabilities – net (20,482) (16,027)
Change in net deferred income taxes 8,749 3,159
Net income from equity investees (1,813) (1,933)
Dividends received from equity investees 2,053 1,912
Stock-based compensation expense 2,078 5,093
Other – net (46) 106
Cash provided by operating activities 48,048 63,986
Investing activities:    
Proceeds from investments available-for-sale sold 55,533 49,666
Proceeds from investments available-for-sale matured 33,867 25,562
Purchases of investments available-for-sale (125,415) (122,149)
Net purchases of short-term investments (1,195) (361)
Purchases of property and equipment, title plants and real estate – net (12,411) (13,615)
Cash paid for acquisition of businesses (17,784) (300)
Other – net 960 944
Cash used by investing activities (66,445) (60,253)
Financing activities:    
Payments on notes payable (18,848) (30,210)
Proceeds from notes payable 48,043 51,956
Distributions to noncontrolling interests (8,376) (9,430)
Cash dividends paid (21,100) (20,800)
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 (1,014) (301)
Cash used by financing activities (2,593) (22,787)
Effects of changes in foreign currency exchange rates 3,964 1,775
Decrease in cash and cash equivalents (17,026) (17,279)
Cash and cash equivalents at beginning of period 185,772 179,067
Cash and cash equivalents at end of period $ 168,746 $ 161,788