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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Net cash provided by operating activities $ 105,347 $ 100,000
Cash Flows from Investing Activities    
Investments purchased (281,315) (431,061)
Investments sold 167,300 282,276
Investments called or matured 52,113 67,493
Net change in short-term investments (35,803) 9,980
Net property and equipment purchased (3,004) (3,638)
Other 55 62
Net cash used in investing activities (100,654) (74,888)
Cash Flows from Financing Activities    
Cash dividends paid (20,092) (19,043)
Proceeds from stock option exercises 10,093 3,762
Net cash used in financing activities (9,999) (15,281)
Net increase (decrease) in cash (5,306) 9,831
Cash at the beginning of the period 30,140 24,271
Cash at the end of the period $ 24,834 $ 34,102