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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Operating activities    
Net earnings $ 28,551 $ 19,307
Adjustments to reconcile net earnings to operating cash flows:    
Depreciation and amortization 17,271 18,876
Provision for deferred income taxes (3,808) (1,073)
Asset impairments and other non-cash expenses 1,676 446
Loss on disposal of assets 615 1,086
Realized investment (gains) losses 0 62
Investment partnership gains (21,602) (22,710)
Distributions from investment partnerships 26,265 15,000
Changes in receivables and inventories 10,255 6,021
Changes in other assets (2,841) (502)
Changes in accounts payable and accrued expenses (426) (1,932)
Net cash provided by operating activities 55,956 34,581
Investing activities    
Additions of property and equipment (6,795) (8,416)
Proceeds from property and equipment disposals 1,084 137
Purchases of investments (46,698) (111,485)
Redemptions of fixed maturity securities 28,549 12,157
Changes in restricted assets 0 (4)
Net cash used in investing activities (23,860) (107,611)
Financing activities    
Payments on revolving credit facility (354) (149)
Principal payments on long-term debt (8,727) (1,650)
Principal payments on direct financing lease obligations (4,166) (4,642)
Proceeds from exercise of stock options 2 222
Net cash used in financing activities (13,245) (6,219)
Effect of exchange rate changes on cash 31 (3)
Increase (decrease) in cash and cash equivalents 18,882 (79,252)
Cash and cash equivalents at beginning of year 56,523 129,669
Cash and cash equivalents at end of third quarter $ 75,405 $ 50,417