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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Reconciliation of net income to cash provided by operating activities:    
Net income $ 44,163 $ 42,076
Add (deduct):    
Depreciation and amortization 18,609 19,397
Provision for bad debt 510 697
Investment and other (gains) losses – net (4,345) 1,436
Amortization of net premium on investments available-for-sale 4,617 5,114
Payments for title losses (in excess of) lesser than provisions (1,106) 6,697
Adjustment for insurance recoveries of title losses 1,023 757
Decrease (increase) in receivables – net 2,020 (13,032)
Increase in other assets – net (406) (5,633)
Decrease in payables and accrued liabilities – net (23,480) (20,482)
Change in net deferred income taxes (1,693) 8,749
Net income from equity investees (1,344) (1,813)
Dividends received from equity investees 2,187 2,053
Stock-based compensation expense 3,039 2,078
Other – net (61) (46)
Cash provided by operating activities 43,733 48,048
Investing activities:    
Proceeds from sales of investments in securities 32,500 55,533
Proceeds from matured investments in debt securities 25,258 33,867
Purchases of investments in securities (35,683) (125,415)
Net purchases of short-term investments (366) (327)
Purchases of property and equipment, and real estate – net (8,478) (12,411)
Cash paid for acquisition of businesses (17,639) (17,784)
Other – net 327 960
Cash used by investing activities (4,081) (65,577)
Financing activities:    
Payments on notes payable (16,767) (18,848)
Proceeds from notes payable 9,583 48,043
Distributions to noncontrolling interests (8,665) (8,376)
Repurchases of common stock (687) 0
Cash dividends paid (21,195) (21,100)
Payment of contingent consideration related to an acquisition 0 (1,298)
Purchase of remaining interest in consolidated subsidiary (1,102) (1,014)
Cash used by financing activities (38,833) (2,593)
Effects of changes in foreign currency exchange rates (1,229) 3,096
Decrease in cash and cash equivalents (410) (17,026)
Cash and cash equivalents at beginning of period 150,079 185,772
Cash and cash equivalents at end of period $ 149,669 $ 168,746