XML 20 R8.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Thousands, unless otherwise specified
 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Cash flows from operating activities:    
Net income $ 1,530 $ 8,995
Reconciliations of net income to net cash provided by operating activities:    
Depreciation and amortization 704 666
Gains recognized on marketable securities 0 (100)
Gain recognized on sale and leaseback (61) (61)
Deferred income taxes 53 292
Share based compensation 285 192
Changes in certain assets and liabilities:    
Trade accounts receivable, net (16,913) (22,142)
Income taxes receivable 701 0
Prepaid expenses and other 2,983 (628)
Accounts payable 274 (270)
Accrued payroll, payroll taxes and related benefits 16,045 22,830
Income taxes payable 193 498
Other accrued liabilities 50 364
Workers' compensation claims liabilities 5,939 1,810
Safety incentives liability 1,220 33
Customer deposits, long-term liabilities and other assets, net 56 23
Net cash provided by operating activities 13,059 12,502
Cash flows from investing activities:    
Purchase of property and equipment (1,527) (445)
Proceeds from sales and maturities of marketable securities 22,924 18,562
Purchase of marketable securities (22,313) (32,710)
Proceeds from maturities of restricted marketable securities 4,671 3,360
Purchase of restricted marketable securities (4,680) (3,979)
Net cash used in investing activities (925) (15,212)
Cash flows from financing activities:    
Proceeds from exercise of stock options 1,689 5
Dividends paid (1,868) (1,837)
Repurchase of common stock (25,432) (923)
Tax benefit of stock option exercises 264 13
Net cash used in financing activities (25,347) (2,742)
Net decrease in cash and cash equivalents (13,213) (5,452)
Cash and cash equivalents, beginning of period 49,571 30,924
Cash and cash equivalents, end of period 36,358 25,472
Supplemental schedule of noncash financing activities:    
Issuance of mandatorily redeemable preferred stock 34,800 0
Total issuance of mandatorily redeemable preferred stock $ 34,800 $ 0