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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Operating activities    
Net earnings (loss) $ (15,821) $ 51,163
Adjustments to reconcile net earnings (loss) to operating cash flows:    
Depreciation and amortization 5,621 6,047
Provision for deferred income taxes (10,281) 26,307
Asset impairments and other non-cash expenses 435 415
Loss on disposal of assets 99 265
Investment partnership gains/losses 24,968 (78,973)
Distributions from investment partnerships 5,015 4,750
Changes in receivables and inventories 5,202 7,923
Changes in other assets (114) (2,085)
Changes in accounts payable and accrued expenses (5,261) 1,443
Net cash provided by operating activities 9,863 17,255
Investing activities    
Capital expenditures (1,990) (2,859)
Proceeds from property and equipment disposals 50 854
Purchases of investments (16,945) (24,472)
Redemptions of fixed maturity securities 18,653 12,989
Net cash used in investing activities (232) (13,488)
Financing activities    
Payments on revolving credit facility (20) (96)
Principal payments on long-term debt (15,550) (2,201)
Principal payments on direct financing lease obligations (1,356) (1,461)
Proceeds from exercise of stock options 30 1
Net cash used in financing activities (16,896) (3,757)
Effect of exchange rate changes on cash 17 48
Increase (decrease) in cash and cash equivalents (7,248) 58
Cash and cash equivalents at beginning of year 75,808 56,523
Cash and cash equivalents at end of first quarter $ 68,560 $ 56,581