XML 39 R8.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
 12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Cash flows from operating activities:      
Net income $ 13,131 $ 14,318 $ 7,353
Reconciliations of net income to net cash provided by operating activities:      
Depreciation and amortization 1,477 1,344 1,395
Gains recognized on marketable securities (4) (52) (950)
Gain recognized on sale and leaseback (122) (122) (122)
Deferred income taxes 301 453 746
Share based compensation 695 473 192
Changes in certain assets and liabilities, net of amounts purchased in acquisitions:      
Trade accounts receivable, net (17,401) (8,924) (4,526)
Income taxes receivable 4,133 (1,777) 3,836
Prepaid expenses and other 1,043 (4,099) (819)
Accounts payable 356 675 (153)
Accrued payroll, payroll taxes and related benefits 17,228 14,815 7,281
Other accrued liabilities 6 (142) (182)
Income taxes payable 272 0 0
Workers' compensation claims liabilities 20,663 12,839 3,294
Safety incentives liability 3,521 1,297 587
Customer deposits, long-term liabilities and other assets, net 358 258 14
Net cash provided by operating activities 45,657 31,356 17,946
Cash flows from investing activities:      
Cash paid for acquisitions, including other direct costs 0 0 (375)
Purchase of property and equipment, net of amounts purchased in acquisitions (3,712) (1,247) (1,606)
Proceeds from sales and maturities of marketable securities 39,190 76,256 23,119
Purchase of marketable securities (33,539) (78,013) (35,207)
Proceeds from maturities of restricted marketable securities 10,796 7,854 4,697
Purchase of restricted marketable securities (10,599) (9,027) (7,530)
Net cash provided by (used in) investing activities 2,136 (4,177) (16,902)
Cash flows from financing activities:      
Proceeds from credit-line borrowings 50,299 0 0
Payments on credit-line borrowings (45,697) 0 0
Issuance of long-term debt 5,512 0 0
Payments on long-term debt (19) 0 0
Repurchase of common stock (25,432) (4,778) (3,415)
Redemption of mandatorily redeemable preferred stock (34,800) 0 0
Dividends paid (3,550) (3,835) (3,402)
Proceeds from the exercise of stock options 1,845 54 17
Excess tax benefits from share-based compensation 295 27 9
Net cash used in financing activities (51,617) (8,532) (6,791)
Net (decrease) increase in cash and cash equivalents (3,824) 18,647 (5,747)
Cash and cash equivalents, beginning of year 49,571 30,924 36,671
Cash and cash equivalents, end of year 45,747 49,571 30,924
Acquisitions of other businesses:      
Cost of acquisitions in excess of fair market value of net assets acquired 0 0 357
Intangible assets acquired 0 0 15
Tangible assets acquired 0 0 3
Net cash paid for acquisitions 0 0 375
Supplemental schedule of noncash financing activities:      
Issuance of mandatorily redeemable preferred stock $ 34,800 $ 0 $ 0