XML 58 R5.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Reconciliation of net earnings to cash provided by operating activities:    
Net earnings $ 24,179 $ 52,674
Add (deduct):    
Depreciation and amortization 16,070 12,721
Provision for bad debt 749 1,818
Investment and other (losses) gains – net (1,143) 2,327
Payments for title losses in excess of provisions (24,797) (9,613)
Insurance recoveries of title losses 2,707 665
Decrease in receivables – net 3,307 687
Increase in other assets – net (2,366) (3,641)
Decrease in payables and accrued liabilities – net (9,439) (11,999)
Increase in net deferred income taxes 4,996 24,043
Net earnings from equity investees (2,720) (3,548)
Dividends received from equity investees 2,742 3,829
Other – net 811 883
Cash provided by operating activities 15,096 70,846
Investing activities:    
Proceeds from investments available-for-sale matured and sold 146,633 70,080
Purchases of investments available-for-sale (166,541) (116,125)
Purchases of property and equipment, title plants and real estate – net (15,482) (13,022)
Cash paid for acquisitions of subsidiaries and other – net (39,359) (15,302)
Proceeds from the sale of equity investees and other assets 0 3,090
Other – net 3,924 4,363
Cash used by investing activities (70,825) (66,916)
Financing activities:    
Payments on notes payable (54,196) (1,447)
Proceeds from notes payable 112,149 400
Distributions to noncontrolling interests (7,044) (7,214)
Repurchases of common stock (16,287) 0
Cash payments for settlement of debt 0 (742)
Other – net 3 (909)
Cash provided (used) by financing activities 34,625 (9,912)
Effects of changes in foreign currency exchange rates (4,740) (1,418)
Decrease in cash and cash equivalents (25,844) (7,400)
Cash and cash equivalents at beginning of period 194,289 208,538
Cash and cash equivalents at end of period 168,445 201,138
Supplemental information:    
Retirement of Convertible Senior Notes with issuance of Common Stock 0 37,810
Changes in financial statement amounts due to the acquisition of subsidiaries:    
Goodwill acquired 16,148 9,327
Receivables and other assets acquired 12,536 7,926
Intangible assets 21,510 0
Liabilities acquired (10,835) (1,951)
Cash paid for acquisitions of subsidiaries and other – net $ 39,359 $ 15,302