XML 31 R3.htm IDEA: XBRL DOCUMENT v3.19.2
CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Income Statement [Abstract]        
Revenues(1) $ 1,043,316 $ 922,295 $ 2,196,326 $ 1,936,667
Payroll taxes, benefits and workers’ compensation costs 869,581 767,751 1,795,874 1,582,403
Gross profit 173,735 154,544 400,452 354,264
Salaries, wages and payroll taxes 74,696 68,748 158,076 155,934
Stock-based compensation 8,256 5,752 14,296 8,887
Commissions 7,741 6,979 14,693 13,045
Advertising 7,548 6,585 12,579 10,150
General and administrative expenses 29,866 27,419 63,028 57,271
Depreciation and amortization 6,908 5,480 13,599 10,693
Total operating expenses 135,015 120,963 276,271 255,980
Operating income 38,720 33,581 124,181 98,284
Other income (expense):        
Interest income 2,802 1,807 6,047 3,263
Interest expense (1,639) (1,108) (3,320) (2,178)
Income before income tax expense 39,883 34,280 126,908 99,369
Income tax expense 11,327 9,720 22,063 24,818
Net income 28,556 24,560 104,845 74,551
Less distributed and undistributed earnings allocated to participating securities (309) (346) (1,183) (1,064)
Net income allocated to common shares $ 28,247 $ 24,214 $ 103,662 $ 73,487
Basic net income per share of common stock (in dollars per share) $ 0.69 $ 0.59 $ 2.55 $ 1.78
Diluted net income per share of common stock (in dollars per share) $ 0.69 $ 0.58 $ 2.54 $ 1.77
Revenue Composition [Abstract]        
Gross billings $ 6,377,014 $ 5,550,342 $ 13,248,684 $ 11,473,698
Worksite employee payroll cost 5,333,698 4,628,047 11,052,358 9,537,031
Revenues(1) $ 1,043,316 $ 922,295 $ 2,196,326 $ 1,936,667