v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Reconciliation of net income to cash provided by operating activities:    
Net income $ 60,820 $ 41,051
Add (deduct):    
Depreciation and amortization 34,488 30,472
Adjustments for bad debt provisions 1,517 1,565
Net realized and unrealized gains (6,328) (3,780)
Amortization of net discount on debt securities investments (801) (631)
Payments for title losses (in excess of) less than provisions (2,614) 3,633
Adjustments for insurance recoveries of title losses 0 (308)
Increase in receivables – net (39,552) (21,409)
Increase in other assets – net (15,491) (23,006)
Increase (decrease) in accounts payable and other liabilities – net 6,261 (13,408)
Change in net deferred income taxes 7,014 33
Net income from equity method investments (976) (812)
Dividends received from equity method investments 1,249 1,071
Stock-based compensation expense 9,884 8,822
Other – net 538 208
Cash provided by operating activities 56,009 23,501
Investing activities:    
Proceeds from sales of investments in securities 2,087 36,984
Proceeds from matured investments in debt securities 61,323 47,792
Purchases of investments in securities (71,703) (72,241)
Net sales (purchases) of short-term investments 2,171 (2,696)
Purchases of property and equipment and other long-lived assets (41,895) (27,079)
Proceeds from sale of property and equipment and other assets 27 2,837
Cash paid for acquisition of businesses and related assets (27,837) (8,523)
Increase in notes receivable (110) (6,000)
Purchases of cost-basis and other investments (714) (1,418)
Other – net 3,160 848
Cash used by investing activities (73,491) (29,496)
Financing activities:    
Proceeds from notes payable 2,748 995
Payments on notes payable (2,901) (1,115)
Distributions to noncontrolling interests and other (6,673) (6,468)
Repurchases of Common Stock (5,326) (3,474)
Proceeds from stock option and employee stock purchase plan exercises 2,980 2,897
Cash dividends paid (32,739) (27,911)
Payment of contingent consideration related to acquisitions (603) (445)
Cash used by financing activities (42,514) (35,521)
Effects of changes in foreign currency exchange rates (148) 3,319
Change in cash and cash equivalents (60,144) (38,197)
Cash and cash equivalents at beginning of period 321,775 216,298
Cash and cash equivalents at end of period $ 261,631 $ 178,101