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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Reconciliation of net income to cash provided by operating activities:      
Net income $ 59,022 $ 60,146 $ 68,421
Add (deduct):      
Depreciation and amortization 24,932 25,878 30,044
Provision for bad debt 519 207 3,349
Investment and other (gains) losses – net (53) (2,207) 666
Amortization of net premium on debt securities investments 6,083 6,806 7,215
Payments for title losses (in excess of) less than provisions (11,192) 13,694 (1,056)
Adjustments for insurance recoveries of title losses 1,039 (654) (173)
Decrease (increase) in receivables – net 5,280 (7,667) 7,759
Decrease (increase) in other assets – net 4,469 (4,512) 391
(Decrease) increase in payables and accrued liabilities – net (12,002) 1,933 (3,888)
Change in net deferred income taxes 256 8,328 7,446
Net income from equity investees (1,940) (2,163) (2,834)
Dividends received from equity investees 2,551 2,493 2,640
Stock-based compensation expense 4,809 5,303 2,982
Other – net 404 483 0
Cash provided by operating activities 84,177 108,068 122,962
Investing activities:      
Proceeds from sales of investments in securities 49,442 76,942 81,091
Proceeds from matured investments in debt securities 29,631 33,912 27,125
Purchases of investments in securities (43,057) (179,732) (166,444)
Net sales (purchases) of short-term investments 392 (1,362) 17,468
Purchases of property and equipment, title plants and real estate (10,675) (16,396) (18,155)
Proceeds from the sale of land, buildings, property and equipment, and real estate 82 502 692
Net cash (paid for acquisition) received from disposal of subsidiaries and other assets (18,739) (17,359)  
Net cash (paid for acquisition) received from disposal of subsidiaries and other assets     1,268
Other – net 2,303 458 181
Cash provided (used) by investing activities 9,379 (103,035) (56,774)
Financing activities:      
Proceeds from notes payable 14,530 56,493 57,758
Payments on notes payable (20,118) (56,467) (60,339)
Purchase of remaining interest of consolidated subsidiaries (1,101) (1,810) (991)
Cash dividends paid (28,263) (28,135) (27,840)
Cash paid on Class B Common Shares conversion 0 0 (12,000)
Distributions to noncontrolling interests (11,631) (11,651) (12,961)
Repurchases of Common Stock (1,175) (727) (1,053)
Payment of contingent consideration related to an acquisition 0 (1,298) (2,002)
Other - net 0 0 86
Cash used by financing activities (47,758) (43,595) (59,342)
Effects of changes in foreign currency exchange rates (3,810) 2,869 (141)
Increase (decrease) in cash and cash equivalents 41,988 (35,693) 6,705
Cash and cash equivalents at beginning of year 150,079 185,772 179,067
Cash and cash equivalents at end of year 192,067 150,079 185,772
Net changes in financial statement amounts due to purchase and disposal of subsidiaries and other assets:      
Goodwill acquired (disposed) 17,462 14,334 (628)
Intangible assets acquired (disposed) 4,570 2,598 (1,730)
Receivables and other assets acquired (disposed) 1,209 (60) (1,272)
Liabilities (recognized) disposed (4,294) 327 (499)
Net realized (gains) losses on the transactions (208) 160 2,861
Net cash paid for acquisition (received from disposal) of subsidiaries and other assets 18,739 17,359 (1,268)
Assets purchased through capital lease obligations 4,312 2,477 6,990
Income taxes – net paid (refunded) 12,854 (1,642) 15,265
Interest paid $ 4,214 $ 3,466 $ 3,020