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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
OPERATING ACTIVITIES    
Net Income $ 12,792 $ 5,473
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation and amortization 4,578 1,254
Bond amortization and accretion 1,611 (832)
Net realized gains (372) 11
Provision for uncollectable premiums/over and short 241 212
Deferred income taxes, net (204) 3,902
Stock based compensation 931 985
Changes in operating assets and liabilities:    
Accrued investment income (76) (345)
Premiums receivable (266) (12,570)
Reinsurance recoverable on paid and unpaid losses (16,560) (6,490)
Prepaid reinsurance premiums (101,348) (97,230)
Deferred policy acquisition costs, net (12,054) (11,238)
Other assets (2,297) (4,958)
Unpaid losses and loss adjustment expenses 15,254 10,812
Unearned premiums 35,625 33,034
Reinsurance payable 106,818 118,718
Other liabilities 7,846 12,616
Net cash provided by operating activities 52,519 53,354
INVESTING ACTIVITIES    
Proceeds from sales and maturities of investments available for sale 111,924 65,751
Purchases of investments available for sale (79,737) (79,357)
Cash from acquisition 0 14,467
Cost of property, equipment and capitalized software acquired (2,379) (4,705)
Net cash used in investing activities (3,032) (3,844)
Payments to Acquire Businesses, Net of Cash Acquired (32,840) 0
FINANCING ACTIVITIES    
Payments Related to Tax Withholding for Share-based Compensation (271) (165)
Proceeds from Notes Payable 5,200 0
Repayments of Long-term Debt (617) (2,834)
Payments of Dividends (2,376) (2,150)
Net Cash Provided by (Used in) Financing Activities 1,936 (5,149)
Increase in cash 51,423 44,361
Cash and cash equivalents at beginning of period 84,786 61,391
Cash and cash equivalents at end of period 136,209 105,752
Supplemental Cash Flows Information    
Interest paid 137 153
Income taxes paid $ 6,312 $ 4,491