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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Cash flows from operating activities:    
Net cash provided by (used in) operating activities $ 156,073 $ 1,400
Cash flows from investing activities:    
Proceeds from sale of property and equipment 92 24
Purchases of property and equipment (4,815) (1,862)
Purchases of equity securities (2,180) (24,820)
Purchases of available-for-sale debt securities (253,650) (72,698)
Proceeds from sales of equity securities 10,952 37,233
Proceeds from sales of available-for-sale debt securities 7,530 3,695
Maturities of available-for-sale debt securities 57,735 43,032
Net cash provided by (used in) investing activities (184,336) (15,396)
Cash flows from financing activities:    
Preferred stock dividend (5) (5)
Common stock dividend (9,276) (9,885)
Purchase of treasury stock inclusive of excise taxes paid (9,763) (6,088)
Payments related to tax withholding for share-based compensation 0 (314)
Repayment of debt (735) (736)
Net cash provided by (used in) financing activities (19,779) (17,028)
Cash and cash equivalents and restricted cash and cash equivalents:    
Net increase (decrease) during the period (48,042) (31,024)
Balance, beginning of period 399,941 391,341
Balance, end of period $ 351,899 $ 360,317