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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
OPERATING ACTIVITIES    
Net Income $ 11,156 $ 12,792
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation and amortization 13,613 4,578
Bond amortization and accretion 2,320 1,611
Net realized gains 483 (372)
Provision for uncollectable premiums/over and short 144 241
Deferred income taxes, net 1,323 (204)
Stock based compensation 1,294 931
Changes in operating assets and liabilities:    
Accrued investment income (96) (76)
Premiums receivable (23,224) (266)
Reinsurance recoverable on paid and unpaid losses (25,566) (16,560)
Prepaid reinsurance premiums (209,048) (101,348)
Deferred policy acquisition costs, net (29,392) (12,054)
Other assets 4,963 (2,297)
Unpaid losses and loss adjustment expenses 3,310 15,254
Unearned premiums 77,540 35,625
Reinsurance payable 209,714 106,818
Other liabilities 19,852 7,846
Net cash provided by operating activities 58,386 52,519
INVESTING ACTIVITIES    
Proceeds from sales and maturities of investments available for sale 81,998 111,924
Purchases of investments available for sale (108,376) (79,737)
Cash Acquired from Acquisition 95,284 0
Payments to Acquire Businesses, Net of Cash Acquired 0 (32,840)
Cost of property, equipment and capitalized software acquired (3,797) (2,379)
Net cash used in investing activities 65,109 (3,032)
FINANCING ACTIVITIES    
Payments Related to Tax Withholding for Share-based Compensation 0 (271)
Proceeds from Issuance of Long-term Debt 0 5,200
Repayments of Long-term Debt (468) (617)
Payments of Dividends (3,862) (2,376)
Proceeds from (Repayments of) Bank Overdrafts (15,682) 0
Net Cash Provided by (Used in) Financing Activities (20,012) 1,936
Increase in cash 103,483 51,423
Cash and cash equivalents at beginning of period 150,688 84,786
Cash and cash equivalents at end of period 254,171 136,209
Supplemental Cash Flows Information    
Interest paid 1,292 137
Income taxes paid 3,917 6,312
Stock Issued $ 274,384 $ 0