XML 38 R24.htm IDEA: XBRL DOCUMENT v3.6.0.2
Supplementary Data on Cash Flows
 12 Months Ended
Dec. 31, 2016
Supplemental Cash Flow Information [Abstract]  
Supplementary Data on Cash Flows
Note 16.  Supplementary Data on Cash Flows

A reconciliation of net income to net cash provided by operating activities as presented in the Statements of Cash Flows is as follows for the years ended December 31:
(in thousands)
 
 
 
 
2016
 
2015
 
2014
Cash flows from operating activities:
 
 
 
 
 
 
Net income
 
$
210,366

 
$
174,678

 
$
167,505

Adjustments to reconcile net income to net cash provided by operating activities:
 
 
 
 
 
 
Depreciation and amortization
 
15,154

 
16,461

 
15,656

Deferred income tax benefit
 
(2
)
 
(14,584
)
 
(3,305
)
Realized (gains) losses and impairments on investments
 
(256
)
 
1,066

 
(952
)
Equity in earnings of limited partnerships
 
(7,025
)
 
(16,983
)
 
(10,929
)
Net amortization of bond premium
 
7,436

 
8,160

 
7,225

(Decrease) increase in deferred compensation
 
(4,561
)
 
(1,526
)
 
6,149

Limited partnership distributions
 
17,837

 
14,112

 
15,327

Increase in receivables from affiliates
 
(30,485
)
 
(12,835
)
 
(34,778
)
(Increase) decrease in accrued investment income
 
(846
)
 
47

 
(915
)
Decrease (increase) in federal income taxes recoverable
 
6,687

 
(499
)
 
(8,421
)
Decrease in prepaid pension
 
10,524

 
20,307

 
557

(Increase) decrease in prepaid expenses and other assets
 
(4,674
)
 
1,193

 
(1,747
)
Increase in accounts payable and accrued expenses
 
11,144

 
3,633

 
1,753

Increase in commissions payable
 
15,017

 
5,624

 
20,596

Increase in accrued agent bonuses
 
8,020

 
18,524

 
12,292

Net cash provided by operating activities
 
$
254,336

 
$
217,378

 
$
186,013