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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Revenues:        
Professional employer service fees $ 140,048 $ 112,503 $ 267,799 $ 214,192
Staffing services 42,347 38,566 81,513 72,017
Total revenues 182,395 151,069 349,312 286,209
Cost of revenues:        
Direct payroll costs 32,188 29,311 61,952 54,728
Payroll taxes and benefits 72,146 61,130 160,440 133,947
Workers' compensation 41,897 30,776 81,780 58,376
Total cost of revenues 146,231 121,217 304,172 247,051
Gross margin 36,164 29,852 45,140 39,158
Selling, general and administrative expenses 21,278 17,958 38,253 32,327
Depreciation and amortization 709 613 1,392 1,197
Income from operations 14,177 11,281 5,495 5,634
Other (expense) income:        
Investment income 148 157 236 301
Interest expense (562) (44) (1,082) (88)
Other (65) (7) (78) (17)
Other (expense) income (479) 106 (924) 196
Income before income taxes 13,698 11,387 4,571 5,830
Provision for income taxes 4,952 4,104 1,627 2,130
Net income $ 8,746 $ 7,283 $ 2,944 $ 3,700
Basic earnings per common share $ 1.22 $ 1.02 $ 0.41 $ 0.52
Weighted average number of basic common shares outstanding 7,151 7,173 7,143 7,171
Diluted earnings per common share $ 1.19 $ 0.98 $ 0.40 $ 0.50
Weighted average number of diluted common shares outstanding 7,327 7,421 7,328 7,444
Cash dividends per common share $ 0.22 $ 0.18 $ 0.44 $ 0.36