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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Reconciliation of net income to cash provided by operating activities:      
Net income $ 60,146 $ 68,421 $ 4,043
Add (deduct):      
Depreciation and amortization 25,878 30,044 30,298
Provision for bad debt 207 3,349 3,396
Realized investment and other (gains) losses – net (2,207) 666 1,369
Amortization of net premium on investments available-for-sale 6,806 7,215 6,540
Payments for title losses less than (in excess of) provisions 12,937 (1,056) (17,154)
Adjustments for insurance recoveries of title losses (654) (173) 213
Impairment of goodwill 0 0 35,749
(Increase) decrease in receivables – net (6,910) 7,759 12,894
(Increase) decrease in other assets – net (4,512) 391 3,073
Increase (decrease) in payables and accrued liabilities – net 1,933 (3,888) 2,088
Decrease (increase) in net deferred income taxes 8,328 7,446 (5,800)
Net income from equity investees (2,163) (2,834) (3,579)
Dividends received from equity investees 2,493 2,640 3,811
Stock based compensation expense 5,303 2,982 4,445
Other – net 483 0 (872)
Cash provided by operating activities 108,068 122,962 80,514
Investing activities:      
Proceeds from investments available-for-sale sold 76,942 81,091 69,280
Proceeds from investments available-for-sale matured 33,912 27,125 42,195
Purchases of investments available-for-sale (179,732) (166,444) (147,697)
Net (purchases) sales of short-term investments (2,224) 17,468 (14,664)
Purchases of property and equipment, title plants and real estate (16,396) (18,155) (19,658)
Proceeds from the sale of land, buildings, property and equipment, and real estate 502 692 4,214
Net cash (paid for acquisition) received from disposal of subsidiaries and other assets (17,359) 1,268 (3,958)
Other – net 458 181 1,497
Cash used by investing activities (103,897) (56,774) (68,791)
Financing activities:      
Proceeds from notes payable 56,493 57,758 52,651
Payments on notes payable (56,467) (60,339) (22,494)
Purchase of remaining interest of consolidated subsidiaries (1,810) (991) (209)
Cash dividends paid (28,135) (27,840) (18,010)
Cash paid on Class B Common Shares conversion 0 (12,000) 0
Distributions to noncontrolling interests (11,651) (12,961) (9,706)
Repurchases of Common Stock (727) (1,053) (27,950)
Payment of contingent consideration related to an acquisition (1,298) (2,002) 0
Other - net 0 86 168
Cash used by financing activities (43,595) (59,342) (25,550)
Effects of changes in foreign currency exchange rates 3,731 (141) (7,664)
(Decrease) increase in cash and cash equivalents (35,693) 6,705 (21,491)
Cash and cash equivalents at beginning of year 185,772 179,067 200,558
Cash and cash equivalents at end of year 150,079 185,772 179,067
Net changes in financial statement amounts due to purchase and disposal of subsidiaries and other assets:      
Goodwill acquired (disposed) 14,334 (628) 7,220
Intangible assets acquired (disposed) 2,598 (1,730) 38
Receivables and other assets disposed (60) (1,272) 0
Liabilities disposed (recognized) 327 (499) (3,300)
Net realized loss on the disposal 160 2,861 0
Net cash paid for acquisition (received from disposal) of subsidiaries and other assets 17,359 (1,268) 3,958
Assets purchased through capital lease obligations 2,477 6,990 1,062
Income taxes – net (refunded) paid (1,642) 15,265 14,982
Interest paid $ 3,466 $ 3,020 $ 1,873