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CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Income Statement [Abstract]        
Revenues(1) $ 925,126 [1] $ 795,513 $ 2,861,793 $ 2,473,729
Payroll taxes, benefits and workers’ compensation costs 759,072 655,547 2,341,475 2,043,864
Gross profit 166,054 139,966 520,318 429,865
Salaries, wages and payroll taxes 70,552 65,223 226,486 189,138
Stock-based compensation 5,769 6,584 14,656 16,390
Commissions 6,818 5,675 19,863 15,815
Advertising 3,846 3,476 13,996 13,623
General and administrative expenses 25,294 24,513 82,565 75,315
Depreciation and amortization 5,642 4,696 16,335 13,355
Total operating expenses 117,921 110,167 373,901 323,636
Operating income 48,133 29,799 146,417 106,229
Other income (expense):        
Interest income 2,028 1,015 5,291 2,158
Interest expense (1,174) (894) (3,352) (2,320)
Income before income tax expense 48,987 29,920 148,356 106,067
Income tax expense 12,780 10,718 37,598 37,219
Net income 36,207 19,202 110,758 68,848
Less distributed and undistributed earnings allocated to participating securities 503 337 1,546 1,233
Net income allocated to common shares $ 35,704 $ 18,865 $ 109,212 $ 67,615
Basic net income per share of common stock (in dollars per share) $ 0.86 $ 0.46 $ 2.64 $ 1.65
Diluted net income per share of common stock (in dollars per share) $ 0.86 $ 0.46 $ 2.63 $ 1.64
Revenue Composition [Abstract]        
Gross billings $ 5,810,779 $ 4,898,333 $ 17,284,477 $ 14,655,545
Worksite employee payroll cost 4,885,653 4,102,820 14,422,684 12,181,816
Revenues(1) $ 925,126 [1] $ 795,513 $ 2,861,793 $ 2,473,729
[1] ____________________________________(1) Revenues are comprised of gross billings less worksite employee (“WSEE”) payroll costs as follows: Three Months Ended September 30, Nine Months Ended September 30,(in thousands)20182017 20182017 Gross billings$5,810,779$4,898,333 $17,284,477$14,655,545Less: WSEE payroll cost4,885,6534,102,820 14,422,68412,181,816Revenues$925,126$795,513 $2,861,793$2,473,729