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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Reconciliation of net income to cash provided by operating activities:    
Net income $ 23,759 $ 28,165
Add (deduct):    
Depreciation and amortization 12,388 12,819
Provision for bad debt 69 634
Investment and other (gains) losses – net (722) 389
Amortization of net premium on investments available-for-sale 3,116 3,421
Payments for title losses in excess of provisions (1,175) (467)
Adjustment for insurance recoveries of title losses 1,448 793
Increase in receivables – net (4,363) (9,792)
Increase in other assets – net (2,626) (6,526)
Decrease in payables and accrued liabilities – net (26,326) (18,868)
Change in net deferred income taxes (457) 2,329
Net income from equity investees (768) (977)
Dividends received from equity investees 985 1,237
Stock-based compensation expense 1,979 3,372
Other – net 60 2
Cash provided by operating activities 7,367 16,531
Investing activities:    
Proceeds from sales of investments in securities 25,722 49,655
Proceeds from matured investments in debt securities 10,355 22,834
Purchases of investments in securities (26,220) (88,381)
Net sales (purchases) of short-term investments 221 (182)
Purchases of property and equipment, and real estate – net (5,690) (9,328)
Cash paid for acquisition of businesses (11,978) (18,080)
Other – net 458 410
Cash used by investing activities (7,132) (43,072)
Financing activities:    
Payments on notes payable (5,993) (17,917)
Proceeds from notes payable 26 25,897
Distributions to noncontrolling interests (5,751) (5,300)
Repurchases of common stock (672) 0
Cash dividends paid (14,127) (14,065)
Payment of contingent consideration related to an acquisition 0 (1,298)
Purchase of remaining interest in consolidated subsidiary (1,112) (1,013)
Cash used by financing activities (27,629) (13,696)
Effects of changes in foreign currency exchange rates (1,557) 1,670
Decrease in cash and cash equivalents (28,951) (38,567)
Cash and cash equivalents at beginning of period 150,079 185,772
Cash and cash equivalents at end of period $ 121,128 $ 147,205