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CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Thousands
Mar. 31, 2017
Dec. 31, 2016
Current Assets:    
Cash and cash equivalents $ 546,721 $ 515,646
Restricted cash and investments 279,368 265,637
Short-term investments 20,622 15,048
Premiums, commissions and fees receivable 486,291 502,482
Reinsurance recoverable 39,239 78,083
Prepaid reinsurance premiums 280,140 308,661
Other current assets 44,584 50,571
Total current assets 1,696,965 1,736,128
Fixed assets, net 72,607 75,807
Goodwill 2,675,831 2,675,402
Amortizable intangible assets, net 685,519 707,454
Investments 17,153 23,048
Other assets 49,369 44,895
Total assets 5,197,444 5,262,734
Current Liabilities:    
Premiums payable to insurance companies 643,181 647,564
Losses and loss adjustment reserve 39,239 78,083
Unearned premiums 280,140 308,661
Premium deposits and credits due customers 90,853 83,765
Accounts payable 104,819 69,595
Accrued expenses and other liabilities 124,676 201,989
Current portion of long-term debt 55,000 55,500
Total current liabilities 1,337,908 1,445,157
Long-term debt, less unamortized discount and debt issuance costs 1,005,044 1,018,372
Deferred income taxes, net 368,323 357,686
Other liabilities 70,373 81,308
Shareholders’ Equity:    
Common stock, par value $0.10 per share; authorized 280,000 shares; issued 148,277 shares and outstanding 140,274 shares at 2017, issued 148,107 shares and outstanding 140,104 shares at 2016 14,828 14,811
Additional paid-in capital 472,749 468,443
Treasury stock, at cost 8,003 shares at 2017 and 2016, respectively (257,683) (257,683)
Retained earnings 2,185,902 2,134,640
Total shareholders’ equity 2,415,796 2,360,211
Total liabilities and shareholders’ equity $ 5,197,444 $ 5,262,734