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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Cash flows from operating activities:      
Net income $ 46,514 $ 117,051 $ 106,935
Adjustments to reconcile net income to net cash provided by operating activities:      
Bad debt expense 453 467 501
Depreciation and amortization 4,957 4,820 4,058
Amortization of share-based compensation 13,008 12,786 10,515
Amortization of original issue discount on debt 0 0 10
Book overdraft increase (decrease) (12,442) 66,128 36,715
Net realized (gains) losses sale on investments 12,715 2,089 (2,570)
Net change in unrealized gains (losses) of equity securities (23,188) 17,169 0
Amortization of premium/accretion of discount, net 1,663 1,482 3,994
Deferred income taxes 1,972 (3,740) 1,309
Excess tax (benefit) shortfall from share-based compensation (641) (5,427) (5,793)
Other 411 196 35
Issuance of common stock 147 0 634
Net change in assets and liabilities relating to operating activities:      
Prepaid reinsurance premiums (32,458) (9,944) (8,421)
Reinsurance recoverable 225,367 (236,198) (182,299)
Reinsurance receivable, net 0 0 186
Premiums receivable, net (4,475) (3,823) (3,162)
Accrued investment income (330) (1,149) (708)
Income taxes recoverable (22,483) 3,741 (417)
Deferred policy acquisition costs, net (7,196) (11,627) (8,147)
Other assets (2,498) (968) (1,860)
Unpaid losses and loss adjustment expenses (205,069) 224,404 189,931
Unearned premiums 59,600 69,235 56,688
Accounts payable (960) 193 (321)
Reinsurance payable, net 29,275 (17,075) 29,490
Other liabilities and accrued expenses (4,497) 289 9,287
Advance premium 4,753 6 8,420
Net cash provided by (used in) operating activities 84,598 230,105 245,010
Cash flows from investing activities:      
Proceeds from sale of property and equipment 38 35 23
Purchases of property and equipment (11,314) (6,731) (4,618)
Purchases of equity securities (1,351) (25,803) (89,302)
Purchases of available-for-sale debt securities (221,647) (437,635) (180,604)
Purchases of short-term investments 0 0 (10,000)
Purchases of investment real estate, net (883) (6,375) (7,218)
Proceeds from sales of equity securities 29,680 8,285 77,640
Proceeds from sales of available-for-sale debt securities 77,790 134,591 26,179
Proceeds from sales of investment real estate 10,537 0 0
Maturities of available-for-sale debt securities 145,476 111,347 97,191
Maturities of short-term investments 0 10,000 5,000
Net cash provided by (used in) investing activities 28,326 (212,286) (85,709)
Cash flows from financing activities:      
Preferred stock dividend (10) (10) (10)
Common stock dividend (26,106) (25,508) (24,001)
Issuance of common stock for stock option exercises 239 102 0
Purchase of treasury stock (66,186) (25,276) (18,141)
Payments related to tax withholding for share-based compensation (3,709) (12,714) (7,223)
Repayment of debt (1,471) (1,471) (2,170)
Net cash provided by (used in) financing activities (97,243) (64,877) (51,545)
Cash and cash equivalents, and restricted cash and cash equivalents:      
Net increase (decrease) during the period 15,681 (47,058) 107,756
Balance, beginning of period 169,063 216,121 108,365
Balance, end of period 184,744 169,063 216,121
Supplemental cash and non-cash flow disclosures:      
Interest paid 248 346 348
Income taxes paid 38,945 41,996 68,883
Income tax refund 789 747 434
Cash and cash equivalents, and restricted cash and cash equivalents within the Consolidated Balance Sheets      
Total cash and cash equivalents and restricted cash and cash equivalents $ 169,063 $ 169,063 $ 216,121