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CONSOLIDATED BALANCE SHEETS - USD ($)
Dec. 31, 2016
Dec. 31, 2015
Current assets:    
Cash and cash equivalents $ 286,034,000 $ 269,538,000
Restricted cash 42,637,000 37,418,000
Marketable securities 1,851,000 9,875,000
Accounts receivable, net:    
Trade 13,107,000 7,691,000
Unbilled 254,999,000 190,715,000
Other 2,178,000 2,259,000
Prepaid insurance 15,041,000 7,417,000
Other current assets 19,526,000 17,135,000
Income Taxes Receivable, Current 4,949,000 0
Total current assets 640,322,000 542,048,000
Property and equipment:    
Land 5,214,000 5,214,000
Buildings and improvements 90,151,000 70,273,000
Computer hardware and software 97,311,000 90,654,000
Software development costs 51,956,000 45,762,000
Furniture, fixtures and other 38,483,000 39,919,000
Total property and equipment, gross 283,115,000 251,822,000
Accumulated depreciation and amortization (202,854,000) (190,063,000)
Total property and equipment, net 80,261,000 61,759,000
Other assets:    
Prepaid health insurance 9,000,000 9,000,000
Deposits – health insurance 4,700,000 3,700,000
Deposits – workers’ compensation 143,938,000 136,462,000
Goodwill and other intangible assets, net 13,088,000 13,588,000
Deferred income taxes, net 14,025,000 16,976,000
Other assets 1,840,000 1,379,000
Total other assets 186,591,000 181,105,000
Total assets 907,174,000 784,912,000
Current liabilities:    
Accounts payable 4,189,000 5,381,000
Payroll taxes and other payroll deductions payable 247,766,000 205,393,000
Accrued worksite employee payroll cost 215,214,000 161,917,000
Accrued health insurance costs 26,360,000 13,643,000
Accrued workers’ compensation costs 44,231,000 39,053,000
Accrued corporate payroll and commissions 40,761,000 39,103,000
Other accrued liabilities 22,437,000 20,250,000
Income tax payable 0 2,971,000
Total current liabilities 600,958,000 487,711,000
Noncurrent liabilities:    
Accrued workers’ compensation costs 141,291,000 124,746,000
Long-term debt 104,400,000 0
Total noncurrent liabilities 245,691,000 124,746,000
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 - 27,744 and 30,758 at December 31, 2016 and December 31, 2015, respectively 277,000 308,000
Additional paid-in capital 9,240,000 144,701,000
Treasury stock, at cost – 6,719 and 6,493 at December 31, 2016 and 2015, respectively (227,152,000) (205,325,000)
Accumulated other comprehensive income, net of tax (3,000) 0
Retained earnings 278,163,000 232,771,000
Total stockholders’ equity 60,525,000 172,455,000
Total liabilities and stockholders’ equity $ 907,174,000 $ 784,912,000