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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
OPERATING ACTIVITIES    
Net Income $ 3,899 $ 2,951
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation and amortization 1,997 908
Bond amortization and accretion 1,042 690
Net realized gains 351 (270)
Provision for uncollectable premiums/over and short 80 109
Deferred income taxes, net (2,703) (1,102)
Stock based compensation 642 459
Changes in operating assets and liabilities:    
Accrued investment income 90 150
Premiums receivable 1,129 3,039
Reinsurance recoverable on paid and unpaid losses (11,760) 299
Prepaid reinsurance premiums 39,819 36,456
Deferred policy acquisition costs, net 1,667 1,357
Other assets 3,166 670
Unpaid losses and loss adjustment expenses 247 11,654
Unearned premiums (13,223) (10,546)
Reinsurance payable (42,931) (26,289)
Other liabilities 11,557 20,325
Net cash provided by operating activities (4,931) 40,860
INVESTING ACTIVITIES    
Proceeds from sales and maturities of investments available for sale 40,710 55,351
Purchases of investments available for sale (50,480) (51,676)
Cost of property, equipment and capitalized software acquired (208) (1,440)
Net cash used in investing activities (9,978) 2,235
FINANCING ACTIVITIES    
Payments Related to Tax Withholding for Share-based Compensation 0 (102)
Repayments of Long-term Debt (381) (294)
Payments of Dividends (1,301) (1,076)
Proceeds from (Repayments of) Bank Overdrafts (9,878) 0
Net Cash Provided by (Used in) Financing Activities (11,560) (1,472)
Increase in cash (26,469) 41,623
Cash and cash equivalents at beginning of period 150,688  
Cash and cash equivalents at end of period 124,219 126,409
Supplemental Cash Flows Information    
Interest paid 743 72
Income taxes paid $ 814 $ 200