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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
OPERATING ACTIVITIES    
Net Income $ 16,215 $ 13,556
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation and amortization 8,640 2,093
Bond amortization and accretion 2,621 (286)
Net realized gains (478) (312)
Provision for uncollectable premiums/over and short 57 314
Deferred income taxes, net 1,575 3,892
Stock based compensation 1,429 1,525
Changes in operating assets and liabilities:    
Accrued investment income 155 (326)
Premiums receivable 2,260 (13,838)
Reinsurance recoverable on paid and unpaid losses (11,097) (736)
Prepaid reinsurance premiums (55,890) (56,830)
Deferred policy acquisition costs, net (18,164) (15,003)
Other assets (2,301) (9,581)
Unpaid losses and loss adjustment expenses 20,901 15,117
Unearned premiums 56,446 60,286
Reinsurance payable 59,036 72,188
Other liabilities 7,914 11,136
Net cash provided by operating activities 89,319 83,195
INVESTING ACTIVITIES    
Proceeds from sales and maturities of investments available for sale 147,266 113,377
Purchases of investments available for sale (146,535) (173,336)
Cash from acquisition 0 14,467
Cost of property, equipment and capitalized software acquired (2,726) (8,218)
Payments to Acquire Businesses, Net of Cash Acquired (32,840) 0
Net cash used in investing activities (34,835) (53,710)
FINANCING ACTIVITIES    
Payments Related to Tax Withholding for Share-based Compensation (270) (181)
Proceeds from Notes Payable 5,200 0
Repayments of Long-term Debt (969) (3,128)
Payments of Dividends (3,675) (3,226)
Net Cash Provided by (Used in) Financing Activities 286 (6,535)
Increase in cash 54,770 22,950
Cash and cash equivalents at beginning of period 84,786 61,391
Cash and cash equivalents at end of period 139,556 84,341
Supplemental Cash Flows Information    
Interest paid 201 230
Income taxes paid $ 7,199 $ 6,920