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CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Thousands
Mar. 31, 2018
Dec. 31, 2017
Current Assets:    
Cash and cash equivalents $ 558,248 $ 573,383
Restricted cash and investments 268,129 250,705
Short-term investments 20,840 24,965
Premiums, commissions and fees receivable 694,266 546,402
Reinsurance recoverable 148,049 477,820
Prepaid reinsurance premiums 292,172 321,017
Other current assets 92,898 47,864
Total current assets 2,074,602 2,242,156
Fixed assets, net 81,131 77,086
Goodwill 2,747,446 2,716,079
Amortizable intangible assets, net 630,283 641,005
Investments 17,558 13,949
Other assets 64,063 57,275
Total assets 5,615,083 5,747,550
Current Liabilities:    
Premiums payable to insurance companies 695,964 685,163
Losses and loss adjustment reserve 146,847 476,721
Unearned premiums 292,172 321,017
Premium deposits and credits due customers 97,587 91,648
Accounts payable 125,034 64,177
Accrued expenses and other liabilities 157,028 228,748
Current portion of long-term debt 120,000 120,000
Total current liabilities 1,634,632 1,987,474
Long-term debt less unamortized discount and debt issuance costs 851,548 856,141
Deferred income taxes, net 288,653 256,185
Other liabilities 69,657 65,051
Shareholders’ Equity:    
Common stock, par value $0.10 per share; authorized 560,000 shares; issued 286,961 shares and outstanding 276,074 shares at 2018, issued 286,929 shares and outstanding 276,210 shares at 2017 - in thousands. 2017 share amounts restated for the 2-for-1 stock split effective March 28, 2018 28,696 28,692
Additional paid-in capital 495,278 483,730
Treasury stock, at cost at 10,887 shares at 2018 and 10,719 shares at 2017, respectively - in thousands. (397,572) (386,322)
Retained earnings 2,644,191 2,456,599
Total shareholders’ equity 2,770,593 2,582,699
Total liabilities and shareholders’ equity $ 5,615,083 $ 5,747,550