XML 73 R3.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2019
Dec. 31, 2018
Current Assets:    
Cash and cash equivalents $ 542,174 $ 438,961
Restricted cash and investments 420,801 338,635
Short-term investments 12,325 12,868
Premiums, commissions and fees receivable 942,834 844,815
Reinsurance recoverable 58,505 65,396
Prepaid reinsurance premiums 366,021 337,920
Other current assets 152,142 128,716
Total current assets 2,494,802 2,167,311
Fixed assets, net 148,627 100,395
Operating lease assets 184,288  
Goodwill 3,746,094 3,432,786
Amortizable intangible assets, net 916,768 898,807
Investments 27,378 17,394
Other assets 104,864 71,975
Total assets 7,622,821 6,688,668
Current Liabilities:    
Premiums payable to insurance companies 1,014,317 857,559
Losses and loss adjustment reserve 58,505 65,212
Unearned premiums 366,021 337,920
Premium deposits and credits due customers 113,841 105,640
Accounts payable 99,960 87,345
Accrued expenses and other liabilities 337,717 279,310
Current portion of long-term debt 55,000 50,000
Total current liabilities 2,045,361 1,782,986
Long-term debt less unamortized discount and debt issuance costs 1,500,343 1,456,990
Operating lease liabilities 167,855  
Deferred income taxes, net 328,277 315,732
Other liabilities 230,706 132,392
Shareholders’ Equity:    
Common stock, par value $0.10 per share; authorized 560,000 shares; issued 297,106 shares and outstanding 281,655 at 2019, issued 293,380 shares and outstanding 279,583 shares at 2018 - in thousands. 29,711 29,338
Additional paid-in capital 716,049 615,180
Treasury stock, at cost at 15,451 at 2019 and 13,797 shares at 2018, respectively - in thousands (536,243) (477,572)
Retained earnings 3,140,762 2,833,622
Total shareholders’ equity 3,350,279 3,000,568
Total liabilities and shareholders’ equity $ 7,622,821 $ 6,688,668