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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Cash flows from operating activities:      
Net income (loss) $ (11,553) $ 6,526 $ 21,863
Adjustments to reconcile net income (loss) to cash provided by operating activities:      
Depreciation and amortization expense 4,715 3,894 3,516
Deferred federal income taxes (1,575) 405 (1,030)
Net realized gains (5,672) (2,519) (5,826)
Share-based payments expense 149 (118) 383
Change in ceded unearned premiums (30,841) (16,388) (11,718)
Change in premiums receivable (14,658) (6,339) (12,373)
Change in accounts receivable 756 (264) 1,136
Change in deferred policy acquisition costs 3,191 1,173 380
Change in unpaid losses and loss adjustment expenses 45,533 30,689 35,743
Change in unearned premiums 35,388 24,847 19,581
Change in reinsurance recoverable (35,107) (33,534) (4,568)
Change in reinsurance balances payable 5,999 12,747 7,338
Change in current federal income tax (recoverable)/payable (3,581) (2,172) (2,747)
Change in all other liabilities 3,091 3,586 (1,368)
Change in all other assets 5,487 5,433 (697)
Net cash provided by operating activities 7,199 30,854 52,936
Cash flows from investing activities:      
Purchases of property and equipment, net (2,705) (4,340) (3,608)
Net transfers from restricted cash 4,676 1,195 3,392
Purchases of investment securities (305,930) (241,374) (265,482)
Maturities, sales and redemptions of investment securities 287,187 186,286 169,409
Net cash used in investing activities (16,772) (58,233) (96,289)
Cash flows from financing activities:      
Activity under revolving credit facility, net     30,000
Payment of debt issuance costs     (96)
Payment of contingent consideration   (1,784) (1,216)
Proceeds from exercise of employee stock options 231 466 658
Purchase of treasury shares (5,308) (6,117) (2,532)
Net cash provided by (used in) financing activities (5,077) (7,435) 26,814
Decrease in cash and cash equivalents (14,650) (34,814) (16,539)
Cash and cash equivalents at beginning of year 79,632 114,446 130,985
Cash and cash equivalents at end of year 64,982 79,632 114,446
Supplemental cash flow information:      
Interest paid 4,506 4,287 3,906
Income taxes paid 137 3,718 13,800
Supplemental schedule of non-cash activities:      
Change in receivable for securities related to investment disposals that settled after the balance sheet date (2,188) 7,377 (9,492)
Change in payable for securities related to investment purchases that settled after the balance sheet date $ (6,727) $ 13,118 $ (224)