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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Reconciliation of net income to cash provided by operating activities:    
Net income $ 87,209 $ 44,163
Add (deduct):    
Depreciation and amortization 17,458 18,609
Provision for bad debt 889 510
Investment and other gains – net (730) (4,345)
Amortization of net premium on debt securities investments 3,790 4,617
Payments for title losses in excess of provisions (11,266) (1,106)
Adjustment for insurance recoveries of title losses 175 1,023
(Increase) decrease in receivables – net (8,838) 2,020
Decrease (increase) in other assets – net 2,910 (406)
Increase (decrease) in accounts payable and other liabilities – net 6,753 (23,480)
Change in net deferred income taxes 5,563 (1,693)
Net income from equity investees (1,996) (1,344)
Dividends received from equity investees 1,964 2,187
Stock-based compensation expense 3,380 3,039
Other – net 28 (61)
Cash provided by operating activities 107,289 43,733
Investing activities:    
Proceeds from sales of investments in securities 20,899 32,500
Proceeds from matured investments in debt securities 44,685 25,258
Purchases of investments in securities (2,187) (35,683)
Net purchases of short-term investments (193) (366)
Purchases of property and equipment, and real estate – net (11,957) (8,478)
Cash paid for acquisition of businesses 0 (17,639)
Other – net 2,111 327
Cash provided (used) by investing activities 53,358 (4,081)
Financing activities:    
Payments on notes payable (26,179) (16,767)
Proceeds from notes payable 23,514 9,583
Distributions to noncontrolling interests (8,578) (8,665)
Contributions from noncontrolling interests 25 0
Repurchases of common stock (481) (687)
Cash dividends paid (21,257) (21,195)
Purchase of remaining interest in consolidated subsidiary 0 (1,102)
Cash used by financing activities (32,956) (38,833)
Effects of changes in foreign currency exchange rates 1,202 (1,229)
Increase (decrease) in cash and cash equivalents 128,893 (410)
Cash and cash equivalents at beginning of period 192,067 150,079
Cash and cash equivalents at end of period $ 320,960 $ 149,669