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CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Thousands
Dec. 31, 2016
Dec. 31, 2015
Current Assets:    
Cash and cash equivalents $ 515,646 $ 443,420
Restricted cash and investments 265,637 229,753
Short-term investments 15,048 13,734
Premiums, commissions and fees receivable 502,482 433,885
Reinsurance recoverable 78,083 31,968
Prepaid reinsurance premiums 308,661 309,643
Deferred income taxes 24,609 24,635
Other current assets 50,571 50,351
Total current assets 1,760,737 1,537,389
Fixed assets, net 75,807 81,753
Goodwill 2,675,402 2,586,683
Amortizable intangible assets, net 707,454 744,680
Investments 23,048 18,092
Other assets 44,895 35,882
Total assets 5,287,343 5,004,479
Current Liabilities:    
Premiums payable to insurance companies 647,564 574,736
Losses and loss adjustment reserve 78,083 31,968
Unearned premiums 308,661 309,643
Premium deposits and credits due customers 83,765 83,098
Accounts payable 69,595 63,910
Accrued expenses and other liabilities 201,989 192,067
Current portion of long-term debt 55,500 73,125
Total current liabilities 1,445,157 1,328,547
Long-term debt 1,018,372 1,071,618
Deferred income taxes, net 382,295 360,949
Other liabilities 81,308 93,589
Shareholders’ Equity:    
Common stock, par value $0.10 per share; authorized 280,000 shares; issued 148,107 shares and outstanding 140,104 shares at 2016, issued 146,415 shares and outstanding 138,985 shares at 2015 14,811 14,642
Additional paid-in capital 468,443 426,498
Treasury stock, at cost 8,003 and 7,430 shares at 2016 and 2015, respectively (257,683) (238,775)
Retained earnings 2,134,640 1,947,411
Total shareholders’ equity 2,360,211 2,149,776
Total liabilities and shareholders’ equity $ 5,287,343 $ 5,004,479