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CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2017
Dec. 31, 2016
Current assets:    
Cash and cash equivalents $ 285,934 $ 286,034
Restricted cash 41,748 42,637
Marketable securities 1,950 1,851
Accounts receivable, net:    
Trade 3,396 13,107
Unbilled 295,667 254,999
Other 3,228 2,178
Prepaid insurance 18,978 15,041
Other current assets 19,260 19,526
Income taxes receivable 878 4,949
Total current assets 671,039 640,322
Property and equipment:    
Land 6,215 5,214
Buildings and improvements 95,162 90,151
Computer hardware and software 101,761 97,311
Software development costs 58,819 51,956
Furniture, fixtures and other 42,509 38,483
Total property and equipment, gross 304,466 283,115
Accumulated depreciation and amortization (210,726) (202,854)
Total property and equipment, net 93,740 80,261
Other assets:    
Prepaid health insurance 9,000 9,000
Deposits – health insurance 5,300 4,700
Deposits – workers’ compensation 142,821 143,938
Goodwill and other intangible assets, net 12,783 13,088
Deferred income taxes, net 8,205 14,025
Other assets 4,484 1,840
Total other assets 182,593 186,591
Total assets 947,372 907,174
Current liabilities:    
Accounts payable 3,070 4,189
Payroll taxes and other payroll deductions payable 185,456 247,766
Accrued worksite employee payroll cost 256,702 215,214
Accrued health insurance costs 34,543 26,360
Accrued workers’ compensation costs 44,011 44,231
Accrued corporate payroll and commissions 34,703 40,761
Other accrued liabilities 20,856 22,437
Total current liabilities 579,341 600,958
Noncurrent liabilities:    
Accrued workers’ compensation costs 161,691 141,291
Long-term debt 104,400 104,400
Total noncurrent liabilities 266,091 245,691
Commitments and contingencies
Stockholders’ equity:    
Common stock 277 277
Additional paid-in capital 20,439 9,240
Treasury stock, at cost (247,956) (227,152)
Retained earnings 329,180 278,160
Total stockholders’ equity 101,940 60,525
Total liabilities and stockholders’ equity $ 947,372 $ 907,174