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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Reconciliation of net income (loss) to cash used by operating activities:    
Net income (loss) $ 6,210 $ (5,218)
Add (deduct):    
Depreciation and amortization 15,384 14,906
Adjustments for bad debt provisions 818 590
Net realized and unrealized (gains) losses (7,038) 1,778
Amortization of net (discount) premium on debt securities investments (9) 230
Payments for title losses in excess of provisions (5,432) (15,797)
Adjustments for insurance recoveries of title losses 208 0
Increase in receivables – net (12,674) (13,724)
Increase in other assets – net (5,582) (4,506)
Decrease in accounts payable and other liabilities – net (24,444) (34,656)
Change in net deferred income taxes (5) 1,724
Net loss (income) from equity method investments 10 (28)
Dividends received from equity method investments 229 680
Stock-based compensation expense 2,670 2,759
Other – net 67 200
Cash used by operating activities (29,588) (51,062)
Investing activities:    
Proceeds from sales of investments in securities 20,874 26,772
Proceeds from matured investments in debt securities 6,646 25,338
Purchases of investments in securities (23,677) (23,965)
Net purchases of short-term investments (4,927) (2,541)
Purchases of property and equipment and other long-lived assets (10,218) (8,894)
Proceeds from sale of property and equipment and other assets 8 49
Cash paid for acquisition of businesses 0 (21,500)
Increase in notes receivable (6,320) (168)
Purchases of cost-basis and other investments (29,939) (89)
Other – net 176 186
Cash used by investing activities (47,377) (4,812)
Financing activities:    
Proceeds from notes payable 3,387 3,521
Payments on notes payable (3,378) (5,589)
Distributions to noncontrolling interests (3,720) (3,775)
Repurchases of Common Stock (3,390) (1,271)
Proceeds from stock option and employee stock purchase plan exercises 3,583 1,991
Cash dividends paid (13,067) (12,260)
Payment of contingent consideration related to acquisitions (186) 0
Cash used by financing activities (16,771) (17,383)
Effects of changes in foreign currency exchange rates (1,278) (295)
Change in cash and cash equivalents (95,014) (73,552)
Cash and cash equivalents at beginning of period 233,365 248,367
Cash and cash equivalents at end of period $ 138,351 $ 174,815