XML 31 R89.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Schedule II - Condensed Financial Information of Registrant, Statements of Cash Flows (Details) - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Aug. 12, 2019
Dec. 31, 2019
Sep. 30, 2019
Jun. 30, 2019
Mar. 31, 2019
Dec. 31, 2018
Sep. 30, 2018
Jun. 30, 2018
Mar. 31, 2018
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Operating activities:                        
Net income   $ 17,853 $ 12,976 $ 13,767 $ 18,720 $ 4,448 $ 11,940 $ 10,112 $ 7,287 $ 63,316 $ 33,787 $ 24,901
Adjustments to reconcile net income to net cash used in operating activities:                        
Deferred tax (benefit) expense                   (125) (3,230) 1,065
Stock compensation expense                   2,742 1,597 652
Dividends received from subsidiary                   5,000 11,500 4,500
Net cash provided by (used in) operating activities                   178,357 103,980 77,398
Net Cash Provided by (Used in) Investing Activities [Abstract]                        
Net cash provided by (used in) investing activities                   (230,793) (106,540) (42,432)
Financing activities:                        
Proceeds from Issuance of Common Stock $ 65,900                 65,879 0 0
Common stock issued, stock options exercised                   2,750 1,808 1,077
Payroll taxes withheld and remitted on share-based payments                   (617) 0 0
Dividends paid                   (6,929) (5,906) (5,039)
Proceeds from credit facility                   17,300 0 0
Debt issuance costs                   (628) 0 0
Net cash provided by (used in) financing activities                   77,755 (4,098) (3,971)
Net change in cash and cash equivalents                   25,319 (6,658) 30,995
Cash and cash equivalents at beginning of period         75,089       81,747 75,089 81,747 50,752
Cash and cash equivalents at end of period   100,408       75,089       100,408 75,089 81,747
Parent Company [Member]                        
Operating activities:                        
Net income                   63,316 33,787 24,901
Adjustments to reconcile net income to net cash used in operating activities:                        
Deferred tax (benefit) expense                   (150) (170) 429
Stock compensation expense                   2,742 1,597 652
Equity in undistributed earnings of subsidiaries                   (61,315) (33,469) (25,303)
Changes in operating assets and liabilities                   (14,247) (633) (1,583)
Dividends received from subsidiary                   5,000 11,500 4,500
Net cash provided by (used in) operating activities                   (4,654) 12,612 3,596
Net Cash Provided by (Used in) Investing Activities [Abstract]                        
Contribution to subsidiary                   (68,391) 0 0
Net cash provided by (used in) investing activities                   (68,391) 0 0
Financing activities:                        
Proceeds from Issuance of Common Stock                   65,879 0 0
Common stock issued, stock options exercised                   2,750 1,808 1,077
Payroll taxes withheld and remitted on share-based payments                   (617) 0 0
Dividends paid                   (6,929) (5,906) (5,039)
Proceeds from credit facility                   17,300 0 0
Debt issuance costs                   (628)    
Net cash provided by (used in) financing activities                   77,755 (4,098) (3,962)
Net change in cash and cash equivalents                   4,710 8,514 (366)
Cash and cash equivalents at beginning of period         $ 10,016       $ 1,502 10,016 1,502 1,868
Cash and cash equivalents at end of period   $ 14,726       $ 10,016       $ 14,726 $ 10,016 $ 1,502