XML 103 R5.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Reconciliation of net earnings (loss) to cash provided by operating activities:      
Net earnings (loss) $ 118,977 $ 8,678 $ (5,150)
Add (deduct):      
Depreciation and amortization 17,783 19,542 21,422
Provision for bad debt 3,201 1,318 4,186
Investment and other gains - net (7,578) (2,302) (21,782)
Provisions for title losses in excess of (less than) payments 15,248 2,383 (14,694)
Insurance recoveries of title losses 706 5,082 8,260
(Increase) decrease in receivables - net (16,133) (6,748) 46,642
(Increase) decrease in other assets - net (2,779) (189) 308
Increase (decrease) in payables and accrued liabilities - net 29,278 (5,602) (11,871)
(Decrease) increase in net deferred income taxes (39,780) (1,212) 10,544
Net earnings from equity investees (4,253) (1,710) (2,427)
Dividends received from equity investees 3,426 2,524 2,996
Other - net 2,426 1,645 2,760
Cash provided (used) by operating activities 120,522 23,409 41,194
Investing activities:      
Proceeds from investments available-for-sale matured and sold 181,938 339,697 328,460
Purchases of investments available-for-sale (207,690) (336,118) (303,517)
Proceeds from redemptions of investments - pledged     217,225
Purchases of property and equipment, title plants and real estate - net (16,752) (17,704) (16,339)
Proceeds from the sale of land, buildings, and furniture and equipment 4,713   6,425
Increases in notes receivable (463) (291) (1,109)
Collections on notes receivable 959 721 1,001
Change in cash and cash equivalents due to sale and deconsolidation of subsidiaries (see below) 1,566   (1,873)
Cash paid for acquisition of subsidiary (1,183) (8,262)  
Cash paid for loan guarantee obligation   (4,318)  
Cash received (paid) for other assets, cost-basis investments, equity investees and other - net 384 (2,944) 4,887
Cash (used) provided by investing activities (36,528) (29,219) 235,160
Financing activities:      
Payments on notes payable (5,692) (5,988) (16,294)
Proceeds from notes payable 450 6,000 5,834
Payments on line of credit     (216,141)
Cash dividends paid (1,832) (917) (868)
Distributions to noncontrolling interests (9,512) (6,142) (7,122)
Purchase of remaining interest of consolidated subsidiary (1,621)   (4,199)
Other-net 87 13  
Cash (used) provided by financing activities (18,120) (7,034) (238,790)
Effect of changes in foreign currency exchange rates 1,821 (803) 826
Increase (decrease) in cash and cash equivalents 67,695 (13,647) 38,390
Cash and cash equivalents at beginning of year 140,843 154,490 116,100
Cash and cash equivalents at end of year 208,538 140,843 154,490
Supplemental information:      
Receipt of partial building ownership in exchange for debt forgiveness 1,255    
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  
Changes in financial statement amounts due to purchase of subsidiary:      
Goodwill acquired 4,183 7,631  
Receivables and other assets acquired (1,675) 5,672  
Intangible assets   1,988  
Liabilities acquired (1,325) (3,779)  
Debt assumed   (3,250)  
Cash paid for the acquisition of subsidiaries and other - net 1,183 8,262  
Changes in financial statement amounts due to sale and deconsolidation of subsidiaries      
Note receivable 156   2,433
Investments in investees, on an equity method basis (1,203)   5,315
Goodwill (440)   (5,902)
Title plants (491)   (1,048)
Property and equipment, net of accumulated depreciation (9)   (1,564)
Intangible asset, net of amortization     2,928
Other - net 755   (814)
Liabilities 37   1,390
Noncontrolling interests 473   336
Investment and other (gains) losses - net (844)   (1,201)
Change in cash and cash equivalents due to sale and deconsolidation of subsidiaries (1,566)   1,873
Income taxes - net paid (refunded) 6,747 19,259 (41,528)
Interest paid $ 4,427 $ 4,557 $ 4,775