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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Reconciliation of net income to cash provided by operating activities:      
Net income $ 90,272 $ 59,022 $ 60,146
Add (deduct):      
Depreciation and amortization 22,526 24,932 25,878
Provision for bad debt 1,672 519 207
Net realized and unrealized losses (gains) 7,240 (53) (2,207)
Amortization of net premium on debt securities investments 4,939 6,083 6,806
Payments for title losses (in excess of) less than provisions (6,585) (11,192) 13,694
Adjustments for insurance recoveries of title losses 181 1,039 (654)
(Increase) decrease in receivables – net (2,917) 5,280 (7,667)
Decrease (increase) in other assets – net 6,865 4,469 (4,512)
Increase (decrease) in payables and accrued liabilities – net 31,471 (12,002) 1,933
Change in net deferred income taxes 8,669 256 8,328
Net income from equity investees (3,044) (1,940) (2,163)
Dividends received from equity investees 2,721 2,551 2,493
Stock-based compensation expense 2,097 4,809 5,303
Other – net 252 404 483
Cash provided (used) by operating activities 166,359 84,177 108,068
Investing activities:      
Proceeds from sales of investments in securities 50,605 49,442  
Proceeds from sales of investments in securities     76,942
Proceeds from matured investments in debt securities 48,716 29,631 33,912
Purchases of investments in securities (77,489) (43,057)  
Purchases of investments in securities     (179,732)
Net (purchases) sales of short-term investments (639) 392 (1,362)
Purchases of property and equipment, title plants and real estate (17,075) (10,675) (16,396)
Proceeds from the sale of land, buildings, property and equipment, and real estate 1,349 82 502
Net cash paid for acquisition of subsidiaries and other assets 0 (18,739) (17,359)
Other – net 1,573 2,303 458
Cash provided (used) by investing activities 7,040 9,379 (103,035)
Financing activities:      
Proceeds from notes payable 30,464 14,530 56,493
Payments on notes payable (27,868) (20,118) (56,467)
Purchase of remaining interest of consolidated subsidiaries 0 (1,101) (1,810)
Cash dividends paid (28,345) (28,263) (28,135)
Distributions to noncontrolling interests (11,506) (11,631) (11,651)
Repurchases of Common Stock (532) (1,175) (727)
Other - net 25 0 (1,298)
Cash used by financing activities (37,762) (47,758) (43,595)
Effects of changes in foreign currency exchange rates 2,905 (3,810) 2,869
Increase (decrease) in cash and cash equivalents 138,542 41,988 (35,693)
Cash and cash equivalents at beginning of year 192,067 150,079 185,772
Cash and cash equivalents at end of year 330,609 192,067 150,079
Net changes in financial statement amounts due to purchase of subsidiaries and other assets:      
Goodwill acquired 0 17,462 14,334
Intangible assets acquired 0 4,570 2,598
Receivables and other assets acquired (disposed) 0 1,209 (60)
Liabilities (recognized) disposed 0 (4,294) 327
Net realized (gains) losses on the transactions 0 (208) 160
Net cash paid for acquisition of subsidiaries and other assets 0 18,739 17,359
Assets purchased through capital lease obligations 0 4,312 2,477
Income taxes – net paid (refunded) 11,992 12,854 (1,642)
Interest paid $ 4,241 $ 4,214 $ 3,466