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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Reconciliation of net income to cash provided (used) by operating activities:    
Net income $ 45,054 $ 17,541
Add (deduct):    
Depreciation and amortization 8,292 11,764
Provision for bad debt 106 462
Net realized and unrealized losses (gains) 6,027 (3,826)
Amortization of net premium on debt securities investments 2,253 2,628
Payments for title losses less than (in excess of) provisions 1,236 (11,178)
Adjustment for insurance recoveries of title losses 228 314
Decrease (increase) in receivables – net 8,792 (16,865)
Increase in other assets – net (3,743) (1,111)
Decrease in accounts payable and other liabilities – net (22,817) (11,588)
Change in net deferred income taxes 2,277 1,185
Net income from equity investees (1,356) (1,047)
Dividends received from equity investees 1,549 1,220
Stock-based compensation expense 2,449 2,057
Other – net (237) 15
Cash provided (used) by operating activities 50,110 (8,429)
Investing activities:    
Proceeds from sales of investments in securities 15,499 9,952
Proceeds from matured investments in debt securities 33,096 35,884
Purchases of investments in securities (50,856) (1,263)
Net sales (purchases) of short-term investments 2,763 (58)
Purchases of property and equipment, and real estate – net (6,796) (7,889)
Cash paid for acquisition of businesses (33,417) 0
Other – net 1,278 1,705
Cash (used) provided by investing activities (38,433) 38,331
Financing activities:    
Proceeds from notes payable 404 20,506
Payments on notes payable (9,334) (23,139)
Distributions to noncontrolling interests (5,957) (5,487)
Repurchases of common stock (468) (471)
Cash dividends paid (14,198) (14,167)
Cash used by financing activities (29,553) (22,758)
Effects of changes in foreign currency exchange rates (1,927) 1,994
(Decrease) increase in cash and cash equivalents (19,803) 9,138
Cash and cash equivalents at beginning of period 330,609 192,067
Cash and cash equivalents at end of period $ 310,806 $ 201,205