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CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2016
Dec. 31, 2015
Current assets:    
Cash and cash equivalents $ 318,848 $ 269,538
Restricted cash 40,281 37,418
Marketable securities 1,894 9,875
Accounts receivable, net:    
Trade 2,393 7,691
Unbilled 229,646 190,715
Other 3,329 2,259
Prepaid insurance 11,554 7,417
Other current assets 28,448 17,135
Total current assets 636,393 542,048
Property and equipment:    
Land 5,214 5,214
Buildings and improvements 73,919 70,273
Computer hardware and software 92,291 90,654
Software development costs 47,121 45,762
Furniture, fixtures and other 39,972 39,919
Total property and equipment, gross 258,517 251,822
Accumulated depreciation and amortization (194,202) (190,063)
Total property and equipment, net 64,315 61,759
Other assets:    
Prepaid health insurance 9,000 9,000
Deposits – health insurance 3,700 3,700
Deposits – workers’ compensation 139,873 136,462
Goodwill and other intangible assets, net 13,463 13,588
Deferred income taxes, net 11,998 16,976
Other assets 1,768 1,379
Total other assets 179,802 181,105
Total assets 880,510 784,912
Current liabilities:    
Accounts payable 5,213 5,381
Payroll taxes and other payroll deductions payable 202,355 205,393
Accrued worksite employee payroll cost 267,656 161,917
Accrued health insurance costs 7,737 13,643
Accrued workers’ compensation costs 42,229 39,053
Accrued corporate payroll and commissions 21,017 39,103
Other accrued liabilities 30,693 20,250
Income taxes payable 13,527 2,971
Total current liabilities 590,427 487,711
Noncurrent liabilities:    
Accrued workers’ compensation costs 130,331 124,746
Long-term debt 104,400 0
Total noncurrent liabilities $ 234,731 $ 124,746
Commitments and contingencies
Stockholders’ equity:    
Common stock $ 277 $ 308
Additional paid-in capital 2,061 144,701
Treasury stock, at cost (207,798) (205,325)
Retained earnings 260,812 232,771
Total stockholders’ equity 55,352 172,455
Total liabilities and stockholders’ equity $ 880,510 $ 784,912