XML 48 R5.htm IDEA: XBRL DOCUMENT v2.4.0.6
Condensed Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Reconciliation of net earnings to cash provided (used) by operating activities:    
Net earnings $ 54,384 $ 4,433
Add (deduct):    
Depreciation and amortization 13,423 14,343
Provision for bad debt 3,010 1,250
Investment and other (gains) losses - net (5,766) 2,115
Payments for title losses less than (in excess of) provisions 10,731 (6,501)
Insurance recoveries of title losses 214 3,210
Increase in receivables - net (21,261) (6,626)
Increase in other assets - net (4,409) (566)
Increase (decrease) in payables and accrued liabilities - net 2,923 (15,622)
Increase (decrease) in net deferred income taxes 2,525 (2,869)
Net earnings from equity investees (3,264) (1,043)
Dividends received from equity investees 2,709 1,889
Other - net 1,611 1,052
Cash provided (used) by operating activities 56,830 (4,935)
Investing activities:    
Proceeds from investments available-for-sale matured and sold 134,534 172,783
Purchases of investments available-for-sale (138,656) (170,017)
Purchases of property and equipment and title plants - net (14,104) (13,788)
Proceeds from the sale of land, buildings, and furniture and equipment 4,991  
Increases in notes receivable (213) (324)
Collections on notes receivable 663 650
Net cash received (paid) for other assets, cost-basis investments, equity investees and other 2,277 (77)
Cash paid for acquisitions of subsidiaries and other - net (78) (8,262)
Cash paid for loan guarantee obligation   (3,928)
Cash used by investing activities (10,586) (22,963)
Financing activities:    
Payments on notes payable (5,235) (4,688)
Proceeds from notes payable 2 6,500
Purchase of remaining interest of consolidated subsidiary (43)  
Distributions to noncontrolling interests (6,348) (4,457)
Contributions from noncontrolling interests 87 13
Cash used by financing activities (11,537) (2,632)
Effects of changes in foreign currency exchange rates 2,270 (794)
Increase (decrease) in cash and cash equivalents 36,977 (31,324)
Cash and cash equivalents at beginning of period 140,843 154,490
Cash and cash equivalents at end of period 177,820 123,166
Supplemental information:    
Settlement of wage and hour litigation through issuance of Common Stock   7,582
Settlement of note payable through issuance of Common Stock held in treasury   1,299
Receipt of partial building ownership in exchange for debt forgiveness 1,255  
Changes in financial statement amounts due to the acquisition of subsidiaries:    
Goodwill 2,692 9,416
Receivables   5,060
Other (2,057) 809
Liabilities (557) (3,773)
Debt assumed   (3,250)
Cash paid for acquisitions of subsidiaries and other - net $ 78 $ 8,262