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CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2013
Dec. 31, 2012
Current assets:    
Cash and cash equivalents $ 225,755 $ 264,544
Restricted cash 51,928 47,149
Marketable securities 46,340 16,904
Accounts receivable, net:    
Trade 7,453 6,931
Unbilled 199,628 181,040
Other 2,928 2,415
Prepaid insurance 10,638 15,620
Other current assets 12,053 9,651
Income taxes receivable 409 0
Deferred income taxes 8,185 7,211
Total current assets 565,317 551,465
Property and equipment:    
Land 4,115 4,115
Buildings and improvements 67,939 68,583
Computer hardware and software 85,241 81,140
Software development costs 38,522 35,866
Furniture and fixtures 36,479 36,717
Aircraft 35,879 35,879
Total property and equipment, gross 268,175 262,300
Accumulated depreciation and amortization (181,760) (168,358)
Total property and equipment, net 86,415 93,942
Other assets:    
Prepaid health insurance 9,000 9,000
Deposits – health insurance 3,700 3,000
Deposits – workers’ compensation 81,878 64,201
Goodwill and other intangible assets, net 18,434 23,775
Other assets 1,816 4,817
Total other assets 114,828 104,793
Total assets 766,560 750,200
Current liabilities:    
Accounts payable 2,678 3,660
Payroll taxes and other payroll deductions payable 165,604 178,534
Accrued worksite employee payroll cost 173,801 150,070
Accrued health insurance costs 5,103 13,942
Accrued workers’ compensation costs 52,930 49,484
Accrued corporate payroll and commissions 21,611 23,537
Other accrued liabilities 14,960 12,478
Income tax payable 0 4,054
Total current liabilities 436,687 435,759
Noncurrent liabilities:    
Accrued workers’ compensation costs 68,905 64,536
Deferred income taxes 7,696 9,000
Total noncurrent liabilities 76,601 73,536
Commitments and contingencies      
Stockholders’ equity:    
Preferred stock, par value $0.01 per share: Shares authorized - 20,000 Shares issued and outstanding - none 0 0
Common stock, par value $0.01 per share: Shares authorized - 60,000 Shares issued - 30,758 at December 31, 2013 and 2012, respectively 308 308
Additional paid-in capital 135,653 133,207
Treasury stock, at cost – 5,175 and 5,096 shares at December 31, 2013 and 2012, respectively (138,688) (133,950)
Accumulated other comprehensive income, net of tax 29 16
Retained earnings 255,970 241,324
Total stockholders’ equity 253,272 240,905
Total liabilities and stockholders’ equity $ 766,560 $ 750,200