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CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Thousands
Jun. 30, 2016
Dec. 31, 2015
Current Assets:    
Cash and cash equivalents $ 453,939 $ 443,420
Restricted cash and investments 277,646 229,753
Short-term investments 16,077 13,734
Premiums, commissions and fees receivable 472,227 433,885
Reinsurance recoverable 60,812 31,968
Prepaid reinsurance premiums 298,907 309,643
Deferred income taxes 15,552 24,635
Other current assets 52,107 50,351
Total current assets 1,647,267 1,537,389
Fixed assets, net 80,488 81,753
Goodwill 2,665,347 2,586,683
Amortizable intangible assets, net 745,352 744,680
Investments 22,992 18,092
Other assets 45,431 35,882
Total assets 5,206,877 5,004,479
Current Liabilities:    
Premiums payable to insurance companies 667,180 574,736
Losses and loss adjustment reserve 60,812 31,968
Unearned premiums 298,907 309,643
Premium deposits and credits due customers 95,147 83,098
Accounts payable 91,594 63,910
Accrued expenses and other liabilities 163,523 192,067
Current portion of long-term debt 80,492 73,125
Total current liabilities 1,457,655 1,328,547
Long-term debt less unamortized discount and debt issuance costs 1,045,004 1,071,618
Deferred income taxes, net 371,099 360,949
Other liabilities 80,872 93,589
Shareholders’ Equity:    
Common stock, par value $0.10 per share; authorized 280,000 shares; issued 147,694 shares and outstanding 139,900 shares at 2016, issued 146,415 shares and outstanding 138,985 shares at 2015 14,769 14,642
Additional paid-in capital 445,901 426,498
Treasury stock, at cost 7,794 and 7,430 shares at 2016 and 2015, respectively (250,025) (238,775)
Retained earnings 2,041,602 1,947,411
Total shareholders’ equity 2,252,247 2,149,776
Total liabilities and shareholders’ equity $ 5,206,877 $ 5,004,479