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CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Thousands
Mar. 31, 2016
Dec. 31, 2015
Current Assets:    
Cash and cash equivalents $ 401,846 $ 443,420
Restricted cash and investments 231,075 229,753
Short-term investments 13,880 13,734
Premiums, commissions and fees receivable 430,002 433,885
Reinsurance recoverable 58,129 31,968
Prepaid reinsurance premiums 279,784 309,643
Deferred income taxes 14,127 24,635
Other current assets 67,778 50,351
Total current assets 1,496,621 1,537,389
Fixed assets, net 80,899 81,753
Goodwill 2,615,635 2,586,683
Amortizable intangible assets, net 739,555 744,680
Investments 20,515 18,092
Other assets 39,735 35,882
Total assets 4,992,960 5,004,479
Current Liabilities:    
Premiums payable to insurance companies 554,527 574,736
Losses and loss adjustment reserve 58,129 31,968
Unearned premiums 279,784 309,643
Premium deposits and credits due customers 89,336 83,098
Accounts payable 77,912 63,910
Accrued expenses and other liabilities 143,176 192,067
Current portion of long-term debt 80,492 73,125
Total current liabilities 1,283,356 1,328,547
Long-term debt less unamortized discount and debt issuance costs 1,058,327 1,071,618
Deferred income taxes, net 363,583 360,949
Other liabilities 89,161 93,589
Shareholders’ Equity:    
Common stock, par value $0.10 per share; authorized 280,000 shares; issued 147,967 shares and outstanding 140,173 shares at 2016, issued 146,415 shares and outstanding 138,985 shares at 2015 14,797 14,642
Additional paid-in capital 441,243 426,498
Treasury stock, at cost 7,794 and 7,430 shares at 2016 and 2015, respectively (250,025) (238,775)
Retained earnings 1,992,518 1,947,411
Total shareholders’ equity 2,198,533 2,149,776
Total liabilities and shareholders’ equity $ 4,992,960 $ 5,004,479