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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Reconciliation of net income (loss) to cash provided (used) by operating activities:    
Net income (loss) $ 9,281 $ (1,882)
Add (deduct):    
Depreciation and amortization 14,379 9,450
Provision for bad debt 1,261 224
Investment and other (losses) gains – net (1,540) 524
Payments for title losses in excess of provisions (9,217) (10,860)
Insurance recoveries of title losses 313 2,440
(Increase) decrease in receivables – net (563) 286
Increase in other assets – net (2,154) (5,751)
Decrease in payables and accrued liabilities – net (10,543) (18,594)
Increase (decrease) in net deferred income taxes 656 (8,713)
Net income from equity investees (2,114) (1,575)
Dividends received from equity investees 2,099 1,436
Stock based compensation expense 3,606 1,082
Other – net 108 146
Cash provided (used) by operating activities 5,572 (31,787)
Investing activities:    
Proceeds from investments available-for-sale matured and sold 99,370 93,262
Purchases of investments available-for-sale (97,596) (109,752)
Purchases of property and equipment, title plants and real estate – net (11,772) (9,106)
Cash paid for acquisition of subsidiaries (3,958) (38,914)
Other – net 638 2,020
Cash used by investing activities (13,318) (62,490)
Financing activities:    
Payments on notes payable (17,736) (3,367)
Proceeds from notes payable 29,267 62,577
Distributions to noncontrolling interests (3,638) (4,512)
Repurchases of common stock (27,793) (2,924)
Cash dividends paid (5,671) 0
Other – net 78 20
Cash (used) provided by financing activities (25,493) 51,794
Effects of changes in foreign currency exchange rates (2,718) (1,430)
Decrease in cash and cash equivalents (35,957) (43,913)
Cash and cash equivalents at beginning of period 200,558 194,289
Cash and cash equivalents at end of period 164,601 150,376
Changes in financial statement amounts due to the acquisition of a subsidiary:    
Goodwill acquired 7,220 41,338
Receivables and other assets acquired 38 4,185
Liabilities assumed (3,300) (6,609)
Cash paid for acquisition of a subsidiary $ 3,958 $ 38,914