|
Cash flows from operating activities:
|
|
|
|
|
|
|
|
|
|
|
|
|
Adjustments to reconcile net income to net cash provided by operating activities:
|
|
|
|
|
|
|
|
|
|
|
|
|
Net Income (Loss) Attributable to Parent
|
|
$26.2m
|
$27.2m
|
$36.6m
|
($10.4m)
|
($35.7m)
|
$49.8m
|
$50.7m
|
$102.5m
|
$66.7m
|
$109.1m
|
|
Net Income (Loss) Available to Common Stockholders, Basic
|
|
$26.2m
|
$27.2m
|
$33.6m
|
($12.6m)
|
($37.9m)
|
$44.3m
|
$45.0m
|
$95.1m
|
$49.9m
|
$108.4m
|
|
Depreciation and amortization
|
|
$1.3m
|
$1.4m
|
$1.3m
|
$1.0m
|
$1.0m
|
$738k
|
$262k
|
$872k
|
$1.8m
|
$3.8m
|
|
Amortization of Debt Issuance Costs
|
|
—
|
—
|
$2.1m
|
$2.9m
|
$1.3m
|
$0
|
$0
|
—
|
—
|
—
|
|
Amortization of Debt Issuance Costs and Discounts
|
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
$3.3m
|
|
Deferred Income Tax Expense (Benefit)
|
|
$12.9m
|
$8.8m
|
($6.1m)
|
($349k)
|
($2.2m)
|
$316k
|
($1.3m)
|
($481k)
|
($398k)
|
$981k
|
|
Share-based Payment Arrangement, Noncash Expense
|
|
$14.9m
|
$14.7m
|
$13.3m
|
$11.6m
|
$11.7m
|
$10.0m
|
$10.4m
|
$16.2m
|
$20.7m
|
$21.6m
|
|
Share-based Payment Arrangement, Expense
|
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
$20.7m
|
$21.6m
|
|
Equity Method Investment, Other than Temporary Impairment
|
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
$7.6m
|
—
|
—
|
|
Goodwill, Impairment Loss
|
|
$1.7m
|
—
|
$17.4m
|
—
|
—
|
—
|
—
|
$7.9m
|
—
|
—
|
|
Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill)
|
|
—
|
—
|
$10.0m
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
|
Operating Lease, Impairment Loss
|
|
—
|
—
|
—
|
—
|
—
|
$9.3m
|
—
|
—
|
—
|
—
|
|
Restructuring Costs and Asset Impairment Charges
|
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
$7.9m
|
—
|
—
|
|
Gain (Loss) on Extinguishment of Debt
|
|
—
|
—
|
—
|
—
|
($2.4m)
|
$0
|
$0
|
($9.7m)
|
($30.6m)
|
($13.8m)
|
|
Income Tax Expense (Benefit)
|
|
$29.4m
|
$31.0m
|
$14.4m
|
$10.5m
|
$433k
|
$6.9m
|
($10.7m)
|
$16.5m
|
$28.7m
|
$33.1m
|
|
Interest Expense Nonoperating
|
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
$18.9m
|
$30.4m
|
|
Other Nonoperating Income (Expense)
|
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
$874k
|
$2.0m
|
|
Changes in operating assets and liabilities:
|
|
|
|
|
|
|
|
|
|
|
|
|
Additional Financial Items
|
|
|
|
|
|
|
|
|
|
|
|
|
Increase (Decrease) in Accounts Receivable
|
|
($9.8m)
|
$3.5m
|
($3.8m)
|
$19k
|
$193k
|
$3.5m
|
$720k
|
$6.2m
|
$9.0m
|
$2.3m
|
|
Increase (Decrease) in Other Operating Assets
|
|
$307k
|
$408k
|
($984k)
|
($172k)
|
($107k)
|
$394k
|
$309k
|
($281k)
|
$247k
|
$537k
|
|
Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal
|
|
—
|
—
|
—
|
—
|
$2.9m
|
$787k
|
$0
|
—
|
—
|
—
|
|
Gain (Loss) on Investments
|
|
—
|
—
|
($406k)
|
$40k
|
$63k
|
($451k)
|
$107k
|
$1.3m
|
($1.1m)
|
$50k
|
|
Gain (Loss) Related to Litigation Settlement
|
|
—
|
$6.9m
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
|
General and Administrative Expense
|
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
$84.0m
|
$89.1m
|
|
Goodwill
|
|
$1.8m
|
$1.8m
|
$85.9m
|
$85.9m
|
$85.9m
|
$85.9m
|
$85.9m
|
$86.8m
|
$86.8m
|
$228.6m
|
|
Investment Income, Interest
|
|
—
|
—
|
$3.1m
|
$3.3m
|
$744k
|
$2.0m
|
$3.3m
|
$4.1m
|
$6.8m
|
$11.0m
|
|
Operating Expenses
|
|
$163.9m
|
$179.2m
|
$212.8m
|
$214.9m
|
$198.6m
|
$215.3m
|
$241.3m
|
$261.5m
|
$290.4m
|
$319.6m
|
|
Proceeds from Stock Options Exercised
|
|
$195k
|
$532k
|
$191k
|
$160k
|
$292k
|
$815k
|
$0
|
—
|
—
|
—
|
|
Realized Investment Gains (Losses)
|
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
($242k)
|
—
|
—
|
|
Revenue from Contract with Customer, Including Assessed Tax
|
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
$493.8m
|
|
Unrealized Gain (Loss) on Investments
|
|
—
|
—
|
—
|
—
|
—
|
($3.8m)
|
($16.5m)
|
($517k)
|
$13k
|
—
|
|
Gain (Loss) on Derivative Instruments, Net, Pretax
|
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
$1.9m
|
|
Net Cash Provided by (Used in) Operating Activities
|
|
$54.9m
|
$48.5m
|
$37.5m
|
$46.8m
|
$29.4m
|
$75.3m
|
$55.1m
|
$85.6m
|
$113.5m
|
$147.9m
|
|
Cash flows from investing activities:
|
|
|
|
|
|
|
|
|
|
|
|
|
Payments to Acquire Property, Plant, and Equipment
|
|
$1.1m
|
$295k
|
$71k
|
$47k
|
$472k
|
$293k
|
$220k
|
$113k
|
$141k
|
$215k
|
|
Payments to Acquire Businesses, Net of Cash Acquired
|
|
$11.8m
|
—
|
$239.3m
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
|
Payments to Acquire Investments
|
|
$20.0m
|
$8.3m
|
—
|
—
|
—
|
—
|
—
|
—
|
$674k
|
$20.1m
|
|
Net Cash Provided by (Used in) Investing Activities
|
|
($89.3m)
|
($37.0m)
|
($181.8m)
|
($7.0m)
|
$28.4m
|
($99.6m)
|
($37.7m)
|
$82.0m
|
($23.9m)
|
($313.0m)
|
|
Cash flows from financing activities:
|
|
|
|
|
|
|
|
|
|
|
|
|
Proceeds from Issuance of Long-term Debt
|
|
—
|
—
|
$200.0m
|
$0
|
—
|
—
|
—
|
—
|
—
|
—
|
|
Repayments of Long-term Debt
|
|
—
|
—
|
—
|
$21.0m
|
$179.0m
|
$0
|
$0
|
—
|
—
|
—
|
|
Payments for Repurchase of Common Stock
|
|
$39.4m
|
$7.9m
|
$2.9m
|
$2.3m
|
$31.2m
|
$34.5m
|
$3.4m
|
$3.6m
|
$62.9m
|
$102.7m
|
|
Dividends paid
|
|
$43.7m
|
$43.8m
|
$19.2m
|
$20.4m
|
$20.1m
|
$19.5m
|
$19.4m
|
$20.1m
|
$19.0m
|
$17.3m
|
|
Payments of Dividends
|
|
$43.7m
|
$43.8m
|
$19.2m
|
$20.4m
|
$20.1m
|
$19.5m
|
$19.4m
|
$20.1m
|
$19.0m
|
$17.3m
|
|
Net Cash Provided by (Used in) Financing Activities
|
|
($82.8m)
|
($51.1m)
|
$169.2m
|
($43.6m)
|
($60.2m)
|
$92.6m
|
($22.8m)
|
($171.6m)
|
($36.0m)
|
$289.8m
|
|
Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents
|
|
—
|
—
|
—
|
—
|
$855k
|
($955k)
|
($3.3m)
|
$1.2m
|
($1.7m)
|
$5.8m
|
|
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect
|
|
—
|
—
|
—
|
($2.8m)
|
($1.5m)
|
$67.3m
|
($8.6m)
|
($2.8m)
|
$51.9m
|
$130.5m
|
|
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents
|
|
—
|
—
|
—
|
—
|
$73.4m
|
$140.7m
|
$132.1m
|
$129.3m
|
$181.2m
|
$311.7m
|
|
Supplemental disclosure of cash flow information:
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest Paid, Excluding Capitalized Interest, Operating Activities
|
|
—
|
—
|
$5.6m
|
$8.0m
|
$7.1m
|
$9.9m
|
$12.3m
|
$10.7m
|
$12.3m
|
$17.6m
|
|
Income Taxes Paid, Net
|
|
$15.0m
|
$33.1m
|
$14.4m
|
$10.1m
|
$10.1m
|
$8.5m
|
$12.5m
|
$16.2m
|
$32.2m
|
$30.3m
|