(in thousands, except per share amounts and market price per share)


	Quarter ended
	March 31			June 30			September 30		December 31
Year ended December 31, 2015	(As Restated)			(As Restated)
Revenues	$	166,400		$	181,959		$	198,725	$	193,757
Cost of revenues		157,469			145,481			155,835		152,600
Net (loss) income		(5,828	)		8,902			10,973		11,447
Basic (loss) earnings per share		(0.82	)		1.24			1.52		1.59
Diluted (loss) earnings per share		(0.82	)		1.21			1.49		1.55
Common stock market prices:
High		44.06			49.79			45.32		53.00
Low		25.21			32.05			32.19		34.00

As Restated
Year ended December 31, 2014
Revenues	$	136,185		$	150,804		$	174,899	$	174,467
Cost of revenues		126,745			203,682			135,056		137,467
Net (loss) income		(3,283	)		(39,782	)		8,866		8,653
Basic (loss) earnings per share		(0.46	)		(5.55	)		1.24		1.22
Diluted (loss) earnings per share		(0.46	)		(5.55	)		1.19		1.20
Common stock market prices:
High		102.20			63.19			63.45		45.38
Low		57.82			41.96			39.47		18.25

As Restated
Year ended December 31, 2013
Revenues	$	112,011		$	129,760		$	149,854	$	145,341
Cost of revenues		105,002			106,120			120,238		123,105
Net (loss) income		(3,201	)		5,519			8,725		4,630
Basic (loss) earnings per share		(0.46	)		0.78			1.22		0.65
Diluted (loss) earnings per share		(0.46	)		0.75			1.18		0.62
Common stock market prices:
High		53.27			62.82			73.49		98.00
Low		38.15			48.50			48.08		66.33

(in thousands, except per share amounts and market price per share)


	Quarter ended
	March 31			June 30		September 30			December 31
Year ended December 31, 2015		(As Reported)			(As Reported)
Revenues	$	166,917		$	182,395	$	198,725		$	193,757
Cost of revenues		157,941			146,231		155,835			152,600
Net (loss) income		(5,802	)		8,746		10,973			11,447
Basic (loss) earnings per share		(0.81	)		1.22		1.52			1.59
Diluted (loss) earnings per share		(0.81	)		1.19		1.49			1.55
Common stock market prices:
High		44.06			49.79		45.32			53.00
Low		25.21			32.05		32.19			34.00

As Reported
Year ended December 31, 2014
Revenues	$	135,140		$	151,069	$	174,959		$	175,016
Cost of revenues		125,834			121,217		217,741			140,975
Net (loss) income		(3,583	)		7,283		(37,818	)		7,034
Basic (loss) earnings per share		(0.50	)		1.02		(5.27	)		0.99
Diluted (loss) earnings per share		(0.50	)		0.98		(5.27	)		0.97
Common stock market prices:
High		102.20			63.19		63.45			45.38
Low		57.82			41.96		39.47			18.25

As Reported
Year ended December 31, 2013
Revenues	$	111,551		$	128,798	$	147,971		$	144,524
Cost of revenues		103,240			105,072		117,785			120,223
Net (loss) income		(2,549	)		5,886		8,994			5,561
Basic (loss) earnings per share		(0.36	)		0.83		1.26			0.78
Diluted (loss) earnings per share		(0.36	)		0.80		1.21			0.74
Common stock market prices:
High		53.27			62.82		73.49			98.00
Low		38.15			48.50		48.08			66.33

(in thousands, except per share amounts and market price per share)


	Quarter ended
	March 31			June 30			September 30			December 31
	(Adjustments)			(Adjustments)
Year ended December 31, 2015
Revenues	$	(517	)	$	(436	)	$	0		$	0
Cost of revenues		(472	)		(750	)		0			0
Net (loss) income		(26	)		156			0			0
Basic (loss) earnings per share		(0.01	)		0.02			0			0
Diluted (loss) earnings per share		(0.01	)		0.02			0			0

Adjustments
Year ended December 31, 2014
Revenues	$	1,045		$	(265	)	$	(60	)	$	(549	)
Cost of revenues		911			82,465			(82,685	)		(3,508	)
Net (loss) income		300			(47,065	)		46,684			1,619
Basic (loss) earnings per share		0.04			(6.57	)		6.51			0.23
Diluted (loss) earnings per share		0.04			(6.53	)		6.46			0.23

Adjustments
Year ended December 31, 2013
Revenues	$	460		$	962		$	1,883		$	817
Cost of revenues		1,762			1,048			2,453			2,882
Net (loss) income		(652	)		(367	)		(269	)		(931	)
Basic (loss) earnings per share		(0.10	)		(0.05	)		(0.04	)		(0.13	)
Diluted (loss) earnings per share		(0.10	)		(0.05	)		(0.03	)		(0.12	)

(in thousands, except per share amounts and market price per share)


	As of
	March 31, 2015		June 30, 2015		September 30, 2015		December 31, 2015
	(As Restated)		(As Restated)
ASSETS
Current assets:
Cash and cash equivalents	$	15,205	$	4,439	$	16,881	$	25,218
Marketable securities		21,670		0		5,071		0
Trade accounts receivable, net		130,376		137,862		155,706		90,529
Income taxes receivable		14,131		9,194		0		1,038
Prepaid expenses and other		6,658		5,689		4,268		3,173
Restricted certificates of deposit		0		26,015		0		10,000
Restricted marketable securities and workers’ compensation deposits		12,533		21,343		30,850		76,110
Deferred income taxes		18,972		18,983		18,972		20,941

Total current assets		219,545		223,525		231,748		227,009
Marketable securities		6,034		6,048		6,089		6,082
Property, equipment and software, net		22,648		22,648		22,465		22,820
Restricted certificates of deposit		114,335		88,320		88,320		0
Restricted marketable securities and workers’ compensation deposits		78,516		101,828		126,695		187,916
Other assets		4,960		4,840		4,728		5,130
Goodwill		47,820		47,820		47,820		47,820

	$	493,858	$	495,029	$	527,865	$	496,777

LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Line of credit	$	5,772	$	3,223	$	0	$	0
Current portion of long-term debt		25,220		27,220		34,887		19,833
Accounts payable		3,500		2,419		3,182		3,217
Accrued payroll, payroll taxes and related benefits		149,999		140,756		161,127		121,343
Income taxes payable		0		0		4,478		0
Other accrued liabilities		6,190		4,845		2,383		6,166
Workers’ compensation claims liabilities		61,830		65,388		66,448		65,581
Safety incentives liability		15,499		18,147		19,960		21,253

Total current liabilities		268,010		261,998		292,465		237,393
Long-term workers’ compensation claims liabilities		169,893		173,856		181,323		190,094
Long-term debt		19,778		14,723		0		0
Deferred income taxes		8,421		8,421		8,421		13,256
Customer deposits and other long-term liabilities		1,534		1,487		1,475		1,483

Total liabilities		467,636		460,485		483,684		442,226

Commitments and contingencies
Stockholders’ equity:
Common stock, $.01 par value		71		72		72		72
Additional paid-in capital		5,165		6,173		6,416		6,964
Accumulated other comprehensive income (loss)		21		4		10		(31	)
Retained earnings		20,965		28,295		37,683		47,546

		26,222		34,544		44,181		54,551

	$	493,858	$	495,029	$	527,865	$	496,777

(in thousands, except per share amounts and market price per share)


	As of
	March 31, 2015		June 30, 2015		September 30, 2015		December 31, 2015
	(As Reported)		(As Reported)
ASSETS
Current assets:
Cash and cash equivalents	$	15,205	$	4,439	$	16,881	$	25,218
Marketable securities		21,670		0		5,071		0
Trade accounts receivable, net		130,376		137,862		155,706		90,529
Income taxes receivable		13,586		8,737		0		1,038
Prepaid expenses and other		6,658		5,689		4,268		3,173
Restricted certificates of deposit		0		26,015		0		10,000
Restricted marketable securities and workers’ compensation deposits		12,533		21,343		30,850		76,110
Deferred income taxes		15,763		15,774		18,972		20,941

Total current assets		215,791		219,859		231,748		227,009
Marketable securities		6,034		6,048		6,089		6,082
Property, equipment and software, net		22,648		22,648		22,465		22,820
Restricted certificates of deposit		114,335		88,320		88,320		0
Restricted marketable securities and workers’ compensation deposits		78,516		101,828		126,695		187,916
Other assets		4,960		4,840		4,728		5,130
Goodwill		47,820		47,820		47,820		47,820

	$	490,104	$	491,363	$	527,865	$	496,777

LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Line of credit	$	5,772	$	3,223	$	0	$	0
Current portion of long-term debt		25,220		27,220		34,887		19,833
Accounts payable		3,500		2,419		3,182		3,217
Accrued payroll, payroll taxes and related benefits		150,102		141,278		161,127		121,343
Income taxes payable		0		0		4,478		0
Other accrued liabilities		6,190		4,845		2,383		6,166
Workers’ compensation claims liabilities		56,480		60,457		66,448		65,581
Safety incentives liability		15,499		18,147		19,960		21,253

Total current liabilities		262,763		257,589		292,465		237,393
Long-term workers’ compensation claims liabilities		165,785		169,154		181,323		190,094
Long-term debt		19,778		14,723		0		0
Deferred income taxes		8,159		8,159		8,421		13,256
Customer deposits and other long-term liabilities		1,534		1,487		1,475		1,483

Total liabilities		458,019		451,112		483,684		442,226

Commitments and contingencies
Stockholders’ equity:
Common stock, $.01 par value		71		72		72		72
Additional paid-in capital		5,165		6,173		6,416		6,964
Accumulated other comprehensive income (loss)		21		4		10		(31	)
Retained earnings		26,828		34,002		37,683		47,546

		32,085		40,251		44,181		54,551

	$	490,104	$	491,363	$	527,865	$	496,777

(in thousands, except per share amounts and market price per share)


	As of
	March 31, 2015			June 30, 2015
	(Adjustments)			(Adjustments)
ASSETS
Current assets:
Cash and cash equivalents	$	0		$	0
Marketable securities		0			0
Trade accounts receivable, net		0			0
Income taxes receivable		545			457
Prepaid expenses and other		0			0
Restricted certificates of deposit		0			0
Restricted marketable securities and workers’ compensation deposits		0			0
Deferred income taxes		3,209			3,209

Total current assets		3,754			3,666
Marketable securities		0			0
Property, equipment and software, net		0			0
Restricted certificates of deposit		0			0
Restricted marketable securities and workers’ compensation deposits		0			0
Other assets		0			0
Goodwill		0			0

	$	3,754		$	3,666

LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Line of credit	$	0		$	0
Current portion of long-term debt		0			0
Accounts payable		0			0
Accrued payroll, payroll taxes and related benefits		(103	)		(522	)
Other accrued liabilities		0			0
Workers’ compensation claims liabilities		5,350			4,931
Safety incentives liability		0			0

Total current liabilities		5,247			4,409
Long-term workers’ compensation claims liabilities		4,108			4,702
Long-term debt		0			0
Deferred income taxes		262			262
Customer deposits and other long-term liabilities		0			0

Total liabilities		9,617			9,373

Commitments and contingencies
Stockholders’ equity:
Common stock, $.01 par value		0			0
Additional paid-in capital		0			0
Accumulated other comprehensive loss		0			0
Retained earnings		(5,863	)		(5,707	)

		(5,863	)		(5,707	)

	$	3,754		$	3,666

(in thousands, except per share amounts)


	As of
As Restated	March 31, 2014			June 30, 2014			September 30, 2014			December 31, 2014
ASSETS
Current assets:
Cash and cash equivalents	$	66,268		$	47,869		$	51,985		$	11,544
Marketable securities		31,013			32,033			34,760			29,957
Trade accounts receivable, net		95,956			104,008			129,761			102,627
Income taxes receivable		3,059			34,803			14,296			11,947
Prepaid expenses and other		4,621			5,283			4,966			3,813
Restricted marketable securities and workers’ compensation deposits		0			0			0			3,776
Deferred income taxes		11,969			11,977			20,263			19,138

Total current assets		212,886			235,973			256,031			182,802
Marketable securities		6,680			10,597			15,984			20,930
Property, equipment and software, net		21,779			21,786			22,576			22,675
Restricted certificates of deposit		12,789			20,943			20,943			114,335
Restricted marketable securities and workers’ compensation deposits		31,133			34,696			43,821			58,533
Other assets		4,028			3,979			3,836			5,306
Goodwill		47,820			47,820			47,820			47,820

	$	337,115		$	375,794		$	411,011		$	452,401

LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Current portion of long-term debt	$	220		$	220		$	220		$	25,220
Accounts payable		2,382			2,435			2,839			2,719
Accrued payroll, payroll taxes and related benefits		112,669			104,083			129,264			115,837
Other accrued liabilities		2,541			3,227			5,440			6,230
Workers’ compensation claims liabilities		44,383			54,040			58,017			61,064
Safety incentives liability		12,192			12,718			14,063			14,232

Total current liabilities		174,387			176,723			209,843			225,302
Long-term workers’ compensation claims liabilities		84,525			162,246			162,484			164,214
Long-term debt		4,998			4,943			4,888			19,833
Deferred income taxes		10,392			10,392			4,973			8,557
Customer deposits and other long-term liabilities		1,799			1,967			1,888			1,675

Total liabilities		276,101			356,271			384,076			419,581

Commitments and contingencies
Stockholders’ equity:
Common stock, $.01 par value		72			72			72			71
Additional paid-in capital		6,203			5,798			5,605			4,410
Accumulated other comprehensive loss		(37	)		(50	)		(18	)		(23	)
Retained earnings		54,776			13,703			21,276			28,362

		61,014			19,523			26,935			32,820

	$	337,115		$	375,794		$	411,011		$	452,401

(in thousands, except per share amounts)


	As of
As Reported	March 31, 2014			June 30, 2014			September 30, 2014			December 31, 2014
ASSETS
Current assets:
Cash and cash equivalents	$	66,268		$	47,869		$	51,985		$	11,544
Marketable securities		31,013			32,033			34,760			29,957
Trade accounts receivable, net		95,956			104,008			129,761			102,627
Income taxes receivable		1,596			0			12,553			11,421
Prepaid expenses and other		4,621			5,283			4,966			3,813
Restricted marketable securities and workers’ compensation deposits		0			0			0			3,776
Deferred income taxes		8,936			8,944			17,229			15,791

Total current assets		208,390			198,137			251,254			178,929
Marketable securities		6,680			10,597			15,984			20,930
Property, equipment and software, net		21,779			21,786			22,576			22,675
Restricted certificates of deposit		12,789			20,943			20,943			114,335
Restricted marketable securities and workers’ compensation deposits		31,133			34,696			43,821			58,533
Other assets		4,028			3,979			3,836			5,306
Goodwill		47,820			47,820			47,820			47,820

	$	332,619		$	337,958		$	406,234		$	448,528

LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Current portion of long-term debt	$	220		$	220		$	220		$	25,220
Accounts payable		2,382			2,435			2,839			2,719
Accrued payroll, payroll taxes and related benefits		109,870			103,564			129,188			115,820
Income taxes payable		0			2,322			0			0
Other accrued liabilities		2,541			3,227			5,440			6,230
Workers’ compensation claims liabilities		38,306			39,069			48,127			54,049
Safety incentives liability		12,192			12,718			14,063			14,232

Total current liabilities		165,511			163,555			199,877			218,270
Long-term workers’ compensation claims liabilities		81,829			83,437			160,216			161,933
Long-term debt		4,998			4,943			4,888			19,833
Deferred income taxes		10,392			10,392			4,973			8,159
Customer deposits and other long-term liabilities		1,799			1,967			1,888			1,675

Total liabilities		264,529			264,294			371,842			409,870

Commitments and contingencies
Stockholders’ equity:
Common stock, $.01 par value		72			72			72			71
Additional paid-in capital		6,203			5,798			5,605			4,410
Accumulated other comprehensive loss		(37	)		(50	)		(18	)		(23	)
Retained earnings		61,852			67,844			28,733			34,200

		68,090			73,664			34,392			38,658

	$	332,619		$	337,958		$	406,234		$	448,528

(in thousands, except per share amounts)


	As of
Adjustments	March 31, 2014			June 30, 2014			September 30, 2014			December 31, 2014
ASSETS
Current assets:
Cash and cash equivalents	$	0		$	0		$	0		$	0
Marketable securities		0			0			0			0
Trade accounts receivable, net		0			0			0			0
Income taxes receivable		1,463			34,803			1,743			526
Prepaid expenses and other		0			0			0			0
Restricted marketable securities and workers’ compensation deposits		0			0			0			0
Deferred income taxes		3,033			3,033			3,034			3,347

Total current assets		4,496			37,836			4,777			3,873
Marketable securities		0			0			0			0
Property, equipment and software, net		0			0			0			0
Restricted certificates of deposit		0			0			0			0
Restricted marketable securities and workers’ compensation deposits		0			0			0			0
Other assets		0			0			0			0
Goodwill		0			0			0			0

	$	4,496		$	37,836		$	4,777		$	3,873

LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Current portion of long-term debt	$	0		$	0		$	0		$	0
Accounts payable		0			0			0			0
Accrued payroll, payroll taxes and related benefits		2,799			519			76			17
Income taxes payable		0			(2,322	)		0			0
Other accrued liabilities		0			0			0			0
Workers’ compensation claims liabilities		6,077			14,971			9,890			7,015
Safety incentives liability		0			0			0			0

Total current liabilities		8,876			13,168			9,966			7,032
Long-term workers’ compensation claims liabilities		2,696			78,809			2,268			2,281
Long-term debt		0			0			0			0
Deferred income taxes		0			0			0			398
Customer deposits and other long-term liabilities		0			0			0			0

Total liabilities		11,572			91,977			12,234			9,711

Commitments and contingencies
Stockholders’ equity:
Common stock, $.01 par value		0			0			0			0
Additional paid-in capital		0			0			0			0
Accumulated other comprehensive loss		0			0			0			0
Retained earnings		(7,076	)		(54,141	)		(7,457	)		(5,838	)

		(7,076	)		(54,141	)		(7,457	)		(5,838	)

	$	4,496		$	37,836		$	4,777		$	3,873

(in thousands, except per share amounts)


	Three months ended
As Restated	March 31, 2015			June 30, 2015			September 30, 2015			December 31, 2015
	(As Restated)			(As Restated)
Revenues:
Professional employer service fees	$	127,234		$	139,612		$	152,108		$	153,332
Staffing services		39,166			42,347			46,617			40,425

Total revenues		166,400			181,959			198,725			193,757

Cost of revenues:
Direct payroll costs		29,764			32,188			35,308			30,704
Payroll taxes and benefits		88,077			71,808			75,237			77,162
Workers’ compensation		39,628			41,485			45,290			44,734

Total cost of revenues		157,469			145,481			155,835			152,600

Gross margin		8,931			36,478			42,890			41,157
Selling, general and administrative expenses		16,970			21,429			25,440			26,338
Depreciation and amortization		683			709			721			738

(Loss) income from operations		(8,722	)		14,340			16,729			14,081

Other (expense) income:
Investment income		87			229			254			201
Interest expense		(520	)		(562	)		(467	)		(416	)
Other, net		(14	)		(65	)		(3	)		(6	)

Other (expense), net		(447	)		(398	)		(216	)		(221	)

(Loss) income before income taxes		(9,169	)		13,942			16,513			13,860
(Benefit from) provision for income taxes		(3,341	)		5,040			5,540			2,413

Net (loss) income	$	(5,828	)	$	8,902		$	10,973		$	11,447

Basic (loss) earnings per common share	$	(.82	)	$	1.24		$	1.52		$	1.59

Weighted average number of basic common shares outstanding		7,135			7,151			7,201			7,203

Diluted (loss) earnings per common share	$	(.82	)	$	1.21		$	1.49		$	1.55

Weighted average number of diluted common shares outstanding		7,135			7,327			7,362			7,396

Cash dividends per common share	$	.22		$	.22		$	.22		$	.22

(in thousands, except per share amounts)


	Three months ended
As Reported	March 31, 2015			June 30, 2015			September 30, 2015			December 31, 2015
	(As Reported)			(As Reported)
Revenues:
Professional employer service fees	$	127,751		$	140,048		$	152,108		$	153,332
Staffing services		39,166			42,347			46,617			40,425

Total revenues		166,917			182,395			198,725			193,757

Cost of revenues:
Direct payroll costs		29,764			32,188			35,308			30,704
Payroll taxes and benefits		88,294			72,146			75,237			77,162
Workers’ compensation		39,883			41,897			45,290			44,734

Total cost of revenues		157,941			146,231			155,835			152,600

Gross margin		8,976			36,164			42,890			41,157
Selling, general and administrative expenses		16,975			21,278			25,440			26,338
Depreciation and amortization		683			709			721			738

(Loss) income from operations		(8,682	)		14,177			16,729			14,081

Other (expense) income:
Investment income		89			148			254			201
Interest expense		(520	)		(562	)		(467	)		(416	)
Other, net		(14	)		(65	)		(3	)		(6	)

Other (expense), net		(445	)		(479	)		(216	)		(221	)

(Loss) income before income taxes		(9,127	)		13,698			16,513			13,860
(Benefit from) provision for income taxes		(3,325	)		4,952			5,540			2,413

Net (loss) income	$	(5,802	)	$	8,746		$	10,973		$	11,447

Basic (loss) earnings per common share	$	(.81	)	$	1.22		$	1.52		$	1.59

Weighted average number of basic common shares outstanding		7,135			7,151			7,201			7,203

Diluted (loss) earnings per common share	$	(.81	)	$	1.19		$	1.49		$	1.55

Weighted average number of diluted common shares outstanding		7,135			7,327			7,362			7,396

Cash dividends per common share	$	.22		$	.22		$	.22		$	.22

(in thousands, except per share amounts)


	Three months ended
Adjustments	March 31, 2015			June 30, 2015
	(Adjustments)			(Adjustments)
Revenues:
Professional employer service fees	$	(517	)	$	(436	)
Staffing services		0			0

Total revenues		(517	)		(436	)

Cost of revenues:
Direct payroll costs		0			0
Payroll taxes and benefits		(217	)		(338	)
Workers’ compensation		(255	)		(412	)

Total cost of revenues		(472	)		(750	)

Gross margin		(45	)		314
Selling, general and administrative expenses		(5	)		151
Depreciation and amortization		0			0

(Loss) income from operations		(40	)		163

Other (expense) income:
Investment income		(2	)		81
Interest expense		0			0
Other, net		0			0

Other (expense) income, net		(2	)		81

(Loss) income before income taxes		(42	)		244
(Benefit from) provision for income taxes		(16	)		88

Net (loss) income	$	(26	)	$	156

Basic (loss) earnings per common share	$	(.01	)	$	.02

Weighted average number of basic common shares outstanding		0			0

Diluted (loss) earnings per common share	$	(.01	)	$	.02

Weighted average number of diluted common shares outstanding		0			0

Cash dividends per common share	$	0		$	0

(in thousands, except per share amounts)


	Three months ended
As Restated	March 31, 2014			June 30, 2014			September 30, 2014			December 31, 2014
Revenues:
Professional employer service fees	$	102,734		$	112,238		$	126,396		$	129,154
Staffing services		33,451			38,566			48,503			45,313

Total revenues		136,185			150,804			174,899			174,467

Cost of revenues:
Direct payroll costs		25,417			29,311			37,087			34,584
Payroll taxes and benefits		72,146			58,853			64,308			67,793
Workers’ compensation		29,182			115,518			33,661			35,090

Total cost of revenues		126,745			203,682			135,056			137,467

Gross margin		9,440			(52,878	)		39,843			37,000
Selling, general and administrative expenses		14,093			17,958			21,679			20,335
Depreciation and amortization		584			613			646			663

(Loss) income from operations		(5,237	)		(71,449	)		17,518			16,002

Other income (expense):
Investment income		168			160			61			154
Interest expense		(44	)		(44	)		(43	)		(42	)
Other, net		(10	)		(7	)		178			(9	)

Other income, net		114			109			196			103

(Loss) income before income taxes		(5,123	)		(71,340	)		17,714			16,105
(Benefit from) provision for income taxes		(1,840	)		(31,558	)		8,848			7,452

Net (loss) income	$	(3,283	)	$	(39,782	)	$	8,866		$	8,653

Basic (loss) earnings per common share	$	(.46	)	$	(5.55	)	$	1.24		$	1.22

Weighted average number of basic common shares outstanding		7,170			7,173			7,177			7,122

Diluted (loss) earnings per common share	$	(.46	)	$	(5.55	)	$	1.19		$	1.20

Weighted average number of diluted common shares outstanding		7,170			7,173			7,428			7,234

Cash dividends per common share	$	.18		$	.18		$	.18		$	.22

(in thousands, except per share amounts)


	Three months ended
As Reported	March 31, 2014			June 30, 2014			September 30, 2014			December 31, 2014
Revenues:
Professional employer service fees	$	101,689		$	112,503		$	126,456		$	129,703
Staffing services		33,451			38,566			48,503			45,313

Total revenues		135,140			151,069			174,959			175,016

Cost of revenues:
Direct payroll costs		25,417			29,311			37,087			34,584
Payroll taxes and benefits		72,817			61,130			65,061			67,836
Workers’ compensation		27,600			30,776			115,593			38,555

Total cost of revenues		125,834			121,217			217,741			140,975

Gross margin		9,306			29,852			(42,782	)		34,041
Selling, general and administrative expenses		14,369			17,958			21,213			20,281
Depreciation and amortization		584			613			646			663

(Loss) income from operations		(5,647	)		11,281			(64,641	)		13,097

Other income (expense):
Investment income		144			157			155			138
Interest expense		(44	)		(44	)		(43	)		(42	)
Other, net		(10	)		(7	)		178			(9	)

Other income, net		90			106			290			87

(Loss) income before income taxes		(5,557	)		11,387			(64,351	)		13,184
(Benefit from) provision for income taxes		(1,974	)		4,104			(26,533	)		6,150

Net (loss) income	$	(3,583	)	$	7,283		$	(37,818	)	$	7,034

Basic (loss) earnings per common share	$	(.50	)	$	1.02		$	(5.27	)	$	.99

Weighted average number of basic common shares outstanding		7,170			7,173			7,177			7,122

Diluted (loss) earnings per common share	$	(.50	)	$	.98		$	(5.27	)	$	.97

Weighted average number of diluted common shares outstanding		7,170			7,421			7,177			7,234

Cash dividends per common share	$	.18		$	.18		$	.18		$	.22

(in thousands, except per share amounts)


	Three months ended
Adjustments	March 31, 2014			June 30, 2014			September 30, 2014			December 31, 2014
Revenues:
Professional employer service fees	$	1,045		$	(265	)	$	(60	)	$	(549	)
Staffing services		0			0			0			0

Total revenues		1,045			(265	)		(60	)		(549	)

Cost of revenues:
Direct payroll costs		0			0			0			0
Payroll taxes and benefits		(671	)		(2,277	)		(753	)		(43	)
Workers’ compensation		1,582			84,742			(81,932	)		(3,465	)

Total cost of revenues		911			82,465			(82,685	)		(3,508	)

Gross margin		134			(82,730	)		82,625			2,959
Selling, general and administrative expenses		(276	)		0			466			54
Depreciation and amortization		0			0			0			0

(Loss) income from operations		410			(82,730	)		82,159			2,905

Other income (expense):
Investment income		24			3			(94	)		16
Interest expense		0			0			0			0
Other, net		0			0			0			0

Other income (expense), net		24			3			(94	)		16

(Loss) income before income taxes		434			(82,727	)		82,065			2,921
(Benefit from) provision for income taxes		134			(35,662	)		35,381			1,302

Net (loss) income	$	300		$	(47,065	)	$	46,684		$	1,619

Basic (loss) earnings per common share	$	.04		$	(6.57	)	$	6.51		$	.23

Weighted average number of basic common shares outstanding		0			0			0			0

Diluted (loss) earnings per common share	$	.04		$	(6.53	)	$	6.46		$	.23

Weighted average number of diluted common shares outstanding		0			(248	)		251			0

Cash dividends per common share	$	0		$	0		$	0		$	0

(in thousands, except per share amounts)


	Three months ended
As Restated	March 31, 2013			June 30, 2013			September 30, 2013			December 31, 2013
Revenues:
Professional employer service fees	$	82,278		$	94,456		$	108,127		$	108,224
Staffing services		29,733			35,304			41,727			37,117

Total revenues		112,011			129,760			149,854			145,341

Cost of revenues:
Direct payroll costs		22,371			26,611			31,585			28,308
Payroll taxes and benefits		58,599			51,050			55,982			56,532
Workers’ compensation		24,032			28,459			32,671			38,265

Total cost of revenues		105,002			106,120			120,238			123,105

Gross margin		7,009			23,640			29,616			22,236
Selling, general and administrative expenses		11,735			14,506			16,820			16,378
Depreciation and amortization		460			506			521			550

(Loss) income from operations		(5,186	)		8,628			12,275			5,308

Other income (expense):
Investment income		457			(342	)		206			218
Interest expense		(80	)		(64	)		(48	)		(46	)
Other, net		(6	)		1			3			(7	)

Other income (expense), net		371			(405	)		161			165

(Loss) income before income taxes		(4,815	)		8,223			12,436			5,473
(Benefit from) provision for income taxes		(1,614	)		2,704			3,711			843

Net (loss) income	$	(3,201	)	$	5,519		$	8,725		$	4,630

Basic (loss) earnings per common share	$	(.46	)	$	.78		$	1.22		$	.65

Weighted average number of basic common shares outstanding		7,022			7,082			7,150			7,165

Diluted (loss) earnings per common share	$	(.46	)	$	.75		$	1.18		$	.62

Weighted average number of diluted common shares outstanding		7,022			7,374			7,425			7,477

Cash dividends per common share	$	.13		$	.13		$	.13		$	.18

(in thousands, except per share amounts)


	Three months ended
As Reported	March 31, 2013			June 30, 2013			September 30, 2013			December 31, 2013
Revenues:
Professional employer service fees	$	81,818		$	93,494		$	106,244		$	107,407
Staffing services		29,733			35,304			41,727			37,117

Total revenues		111,551			128,798			147,971			144,524

Cost of revenues:
Direct payroll costs		22,296			26,611			31,585			28,308
Payroll taxes and benefits		59,123			53,483			57,977			58,320
Workers’ compensation		21,821			24,978			28,223			33,595

Total cost of revenues		103,240			105,072			117,785			120,223

Gross margin		8,311			23,726			30,186			24,301
Selling, general and administrative expenses		11,811			14,494			16,808			16,948
Depreciation and amortization		460			506			521			550

(Loss) income from operations		(3,960	)		8,726			12,857			6,803

Other income (expense):
Investment income		173			173			154			223
Interest expense		(80	)		(64	)		(48	)		(46	)
Other, net		(6	)		1			3			(7	)

Other income, net		87			110			109			170

(Loss) income before income taxes		(3,873	)		8,836			12,966			6,973
(Benefit from) provision for income taxes		(1,324	)		2,950			3,972			1,412

Net (loss) income	$	(2,549	)	$	5,886		$	8,994		$	5,561

Basic (loss) earnings per common share	$	(.36	)	$	.83		$	1.26		$	.78

Weighted average number of basic common shares outstanding		7,022			7,082			7,150			7,165

Diluted (loss) earnings per common share	$	(.36	)	$	.80		$	1.21		$	.74

Weighted average number of diluted common shares outstanding		7,022			7,374			7,425			7,477

Cash dividends per common share	$	.13		$	.13		$	.13		$	.18

(in thousands, except per share amounts)


	Three months ended
Adjustments	March 31, 2013			June 30, 2013			September 30, 2013			December 31, 2013
Revenues:
Professional employer service fees	$	460		$	962		$	1,883		$	817
Staffing services		0			0			0			0

Total revenues		460			962			1,883			817

Cost of revenues:
Direct payroll costs		75			0			0			0
Payroll taxes and benefits		(524	)		(2,433	)		(1,995	)		(1,788	)
Workers’ compensation		2,211			3,481			4,448			4,670

Total cost of revenues		1,762			1,048			2,453			2,882

Gross margin		(1,302	)		(86	)		(570	)		(2,065	)
Selling, general and administrative expenses		(76	)		12			12			(570	)
Depreciation and amortization		0			0			0			0

(Loss) income from operations		(1,226	)		(98	)		(582	)		(1,495	)

Other income (expense):
Investment income		284			(515	)		52			(5	)
Interest expense		0			0			0			0
Other, net		0			0			0			0

Other income (expense), net		284			(515	)		52			(5	)

(Loss) income before income taxes		(942	)		(613	)		(530	)		(1,500	)
(Benefit from) provision for income taxes		(290	)		(246	)		(261	)		(569	)

Net (loss) income	$	(652	)	$	(367	)	$	(269	)	$	(931	)

Basic (loss) earnings per common share	$	(.10	)	$	(.05	)	$	(.04	)	$	(.13	)

Weighted average number of basic common shares outstanding		0			0			0			0

Diluted (loss) earnings per common share	$	(.10	)	$	(.05	)	$	(.03	)	$	(.12	)

Weighted average number of diluted common shares outstanding		0			0			0			0

Cash dividends per common share	$	0		$	0		$	0		$	0