XML 75 R40.htm IDEA: XBRL DOCUMENT v3.10.0.1
Note 9 - Other Assets (Tables)
12 Months Ended
Dec. 31, 2018
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]  
Schedule of Other Assets [Table Text Block] The following table shows the components of other assets for the periods indicated:
 
December 31,
(In thousands) 
2018
 
2017
Deposit with the IRS (1) 
$

 
$
88,557

Company-owned life insurance
83,377

 
85,862

Internal-use software (2) 
51,367

 
48,751

Current federal income tax receivable (1) 
44,506

 

Property and equipment (3) 
37,090

 
38,291

Accrued investment income
34,878

 
31,389

Loaned securities (Note 6)
27,860

 
27,964

Unbilled receivables
19,917

 
22,257

Deferred policy acquisition costs
17,311

 
16,987

Reinsurance recoverables
14,402

 
8,492

Other
36,992

 
39,299

Total other assets
$
367,700

 
$
407,849

______________________
(1)
In 2018, Radian utilized its “qualified deposits” with the U.S. Treasury to settle its $31 million obligation to the IRS, and in 2019, the Company expects the IRS to refund to Radian the remaining $58 million that was previously on deposit. As such, the remaining balances of the deposits with the IRS as of December 31, 2018 are included in current federal income tax receivable. In January 2019, we received $33 million of the $58 million refund from the IRS and expect to receive the remaining $25 million in the coming months. See Note 10 for additional information regarding the IRS Matter.
(2)
Internal-use software, at cost, has been reduced by accumulated amortization of $60.3 million and $48.4 million at December 31, 2018 and 2017, respectively, as well as $5.1 million of impairment charges in 2018. Amortization expense was $11.4 million, $10.7 million and $6.0 million for the years ended December 31, 2018, 2017 and 2016 respectively.
(3)
Property and equipment at cost, less accumulated depreciation of $62.9 million and $57.6 million at December 31, 2018 and 2017, respectively. Depreciation expense was $8.0 million, $6.9 million and $5.6 million for the years ended December 31, 2018, 2017 and 2016 respectively.