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CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Thousands
Dec. 31, 2015
Dec. 31, 2014
Current Assets:    
Cash and cash equivalents $ 443,420 $ 470,048
Restricted cash and investments 229,753 259,769
Short-term investments 13,734 11,157
Premiums, commissions and fees receivable 433,885 424,547
Reinsurance recoverable 31,968 13,028
Prepaid reinsurance premiums 309,643 320,586
Deferred income taxes 24,635 25,431
Other current assets 50,351 45,542
Total current assets 1,537,389 1,570,108
Fixed assets, net 81,753 84,668
Goodwill 2,586,683 2,460,611
Amortizable intangible assets, net 744,680 784,642
Investments 18,092 19,862
Other assets 44,142 36,567
Total assets 5,012,739 4,956,458
Current Liabilities:    
Premiums payable to insurance companies 574,736 568,184
Losses and loss adjustment reserve 31,968 13,028
Unearned premiums 309,643 320,586
Premium deposits and credits due customers 83,098 83,313
Accounts payable 63,910 57,261
Accrued expenses and other liabilities 192,067 181,156
Current portion of long-term debt 73,125 45,625
Total current liabilities 1,328,547 1,269,153
Long-term debt 1,079,878 1,152,846
Deferred income taxes, net 360,949 341,497
Other liabilities 93,589 79,217
Shareholders’ Equity:    
Common stock, par value $0.10 per share; authorized 280,000 shares; issued 146,415 shares and outstanding 138,985 shares at 2015, issued 145,871 shares and outstanding 143,486 shares at 2014 14,642 14,587
Additional paid-in capital 426,498 405,982
Treasury stock, at cost 7,430 and 2,385 shares at 2015 and 2014, respectively (238,775) (75,025)
Retained earnings 1,947,411 1,768,201
Total shareholders’ equity 2,149,776 2,113,745
Total liabilities and shareholders’ equity $ 5,012,739 $ 4,956,458