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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Reconciliation of net income to cash (used) provided by operating activities:    
Net income $ 17,541 $ 23,759
Add (deduct):    
Depreciation and amortization 11,764 12,388
Provision for bad debt 462 69
Investment and other gains – net (3,826) (722)
Amortization of net premium on debt securities investments 2,628 3,116
Payments for title losses in excess of provisions (11,178) (1,175)
Adjustment for insurance recoveries of title losses 314 1,448
Increase in receivables – net (16,865) (4,363)
Increase in other assets – net (1,111) (2,626)
Decrease in accounts payable and other liabilities – net (11,588) (26,326)
Change in net deferred income taxes 1,185 (457)
Net income from equity investees (1,047) (768)
Dividends received from equity investees 1,220 985
Stock-based compensation expense 2,057 1,979
Other – net 15 60
Cash (used) provided by operating activities (8,429) 7,367
Investing activities:    
Proceeds from sales of investments in securities 9,952 25,722
Proceeds from matured investments in debt securities 35,884 10,355
Purchases of investments in securities (1,263) (26,220)
Net (purchases) sales of short-term investments (58) 221
Purchases of property and equipment, and real estate – net (7,889) (5,690)
Cash paid for acquisition of businesses 0 (11,978)
Other – net 1,705 458
Cash provided (used) by investing activities 38,331 (7,132)
Financing activities:    
Payments on notes payable (23,139) (5,993)
Proceeds from notes payable 20,506 26
Distributions to noncontrolling interests (5,487) (5,751)
Repurchases of common stock (471) (672)
Cash dividends paid (14,167) (14,127)
Purchase of remaining interest in consolidated subsidiary 0 (1,112)
Cash used by financing activities (22,758) (27,629)
Effects of changes in foreign currency exchange rates 1,994 (1,557)
Increase (decrease) in cash and cash equivalents 9,138 (28,951)
Cash and cash equivalents at beginning of period 192,067 150,079
Cash and cash equivalents at end of period $ 201,205 $ 121,128