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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Reconciliation of net income to cash provided by operating activities:    
Net income $ 61,912 $ 57,122
Add (deduct):    
Depreciation and amortization 13,748 6,430
Provision for bad debt 14 708
Net realized and unrealized gains (4,085) (3,274)
Amortization of net premium on debt securities investments 690 938
Payments for title losses less than provisions 8,959 12,234
Adjustments for insurance recoveries of title losses 220 (205)
Decrease (increase) in receivables – net 6,226 (3,513)
Increase in other assets – net (5,046) (7,869)
Decrease in accounts payable and other liabilities – net (50,808) (20,116)
Change in net deferred income taxes 265 2,007
Net income from equity method investments (736) (924)
Dividends received from equity method investments 1,167 764
Stock-based compensation expense 2,239 3,174
Other – net 110 (34)
Cash provided by operating activities 34,875 47,442
Investing activities:    
Proceeds from sales of investments in securities 17,650 3,051
Proceeds from matured investments in debt securities 15,923 42,836
Purchases of investments in securities (66,882) (47,881)
Net (purchases) sales of short-term investments (60) 2,648
Purchases of property and equipment, and real estate (12,291) (5,721)
Proceeds from sale of property and equipment and other assets 829 0
Cash paid for acquisition of businesses (17,904) (52,575)
Cash paid for acquisition of equity method investment (69) (16,080)
Other – net (2,412) 131
Cash used by investing activities (65,216) (73,591)
Financing activities:    
Proceeds from notes payable 140 178,975
Payments on notes payable (37,819) (154,910)
Distributions to noncontrolling interests (4,568) (3,844)
Repurchases of Common Stock (2,462) (1,935)
Proceeds from stock option and employee stock purchase plan exercises 2,492 61
Cash dividends paid (10,119) (8,840)
Payment of contingent consideration related to acquisitions (6,262) 0
Purchase of remaining interest in consolidated subsidiaries 0 (2,570)
Other - net 36 (777)
Cash (used) provided by financing activities (58,562) 6,160
Effects of changes in foreign currency exchange rates (367) 69
Change in cash and cash equivalents (89,270) (19,920)
Cash and cash equivalents at beginning of period 485,919 432,683
Cash and cash equivalents at end of period $ 396,649 $ 412,763