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Consolidated Statements of Operations (Unaudited) (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
Revenues:        
Staffing services $ 30,387 $ 30,518 $ 56,598 $ 58,850
Professional employer service fees 65,113 45,495 121,324 85,932
Total revenues 95,500 76,013 177,922 144,782
Cost of revenues:        
Direct payroll costs 22,843 23,093 42,495 44,541
Payroll taxes and benefits 39,332 28,886 82,324 60,649
Workers' compensation 16,984 10,753 30,205 20,713
Total cost of revenues 79,159 62,732 155,024 125,903
Gross margin 16,341 13,281 22,898 18,879
Selling, general and administrative expenses 10,549 8,871 20,313 17,698
Depreciation and amortization 357 331 704 666
Income from operations 5,435 4,079 1,881 515
Other income:        
Investment income, net 205 273 428 628
Life insurance proceeds     0 10,000
Other (9) (7) (16) 92
Other income 196 266 412 10,720
Income before income taxes 5,631 4,345 2,293 11,235
Provision for income taxes 1,888 896 763 2,240
Net income $ 3,743 $ 3,449 $ 1,530 $ 8,995
Basic earnings per common share $ 0.54 $ 0.34 $ 0.18 $ 0.88
Weighted average number of basic common shares outstanding 6,995 10,196 8,435 10,198
Diluted earnings per common share $ 0.53 $ 0.34 $ 0.18 $ 0.88
Weighted average number of diluted common shares outstanding 7,078 10,245 8,511 10,246
Dividend declared per common share $ 0.11 $ 0.09 $ 0.22 $ 0.18