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CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Thousands
Jun. 30, 2017
Dec. 31, 2016
Current Assets:    
Cash and cash equivalents $ 600,296 $ 515,646
Restricted cash and investments 276,634 265,637
Short-term investments 30,164 15,048
Premiums, commissions and fees receivable 499,670 502,482
Reinsurance recoverable 22,479 78,083
Prepaid reinsurance premiums 297,736 308,661
Other current assets 51,953 50,571
Total current assets 1,778,932 1,736,128
Fixed assets, net 72,747 75,807
Goodwill 2,692,104 2,675,402
Amortizable intangible assets, net 671,874 707,454
Investments 10,876 23,048
Other assets 52,476 44,895
Total assets 5,279,009 5,262,734
Current Liabilities:    
Premiums payable to insurance companies 706,923 647,564
Losses and loss adjustment reserve 22,479 78,083
Unearned premiums 297,736 308,661
Premium deposits and credits due customers 92,217 83,765
Accounts payable 103,211 69,595
Accrued expenses and other liabilities 176,971 201,989
Current portion of long-term debt 20,000 55,500
Total current liabilities 1,419,537 1,445,157
Long-term debt less unamortized discount and debt issuance costs 965,391 1,018,372
Deferred income taxes, net 373,089 357,686
Other liabilities 62,759 81,308
Shareholders’ Equity:    
Common stock, par value $0.10 per share; authorized 280,000 shares; issued 148,264 shares and outstanding 139,999 shares at 2017, issued 148,107 shares and outstanding 140,104 shares at 2016 14,826 14,811
Additional paid-in capital 479,193 468,443
Treasury stock, at cost at 8,265 at 2017 and 8,003 shares at 2016, respectively (268,842) (257,683)
Retained earnings 2,233,056 2,134,640
Total shareholders’ equity 2,458,233 2,360,211
Total liabilities and shareholders’ equity $ 5,279,009 $ 5,262,734