XML 33 R5.htm IDEA: XBRL DOCUMENT v3.10.0.1
CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Cash flows from operating activities    
Net income $ 110,758 $ 68,848
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 16,335 13,355
Stock-based compensation 14,656 16,390
Deferred income taxes (591) 5,820
Changes in operating assets and liabilities:    
Accounts receivable (66,020) (32,007)
Prepaid insurance (2,973) (3,937)
Other current assets 2,717 266
Other assets (1,760) (3,195)
Accounts payable (1,131) (1,119)
Payroll taxes and other payroll deductions payable (99,161) (62,310)
Accrued worksite employee payroll expense 72,713 41,488
Accrued health insurance costs 7,383 8,183
Accrued workers’ compensation costs 19,405 20,180
Accrued corporate payroll, commissions and other accrued liabilities (11,887) (7,639)
Income taxes payable/receivable 9,885 4,071
Total adjustments (40,429) (454)
Net cash provided by operating activities 70,329 68,394
Marketable securities:    
Purchases (54,754) (1,337)
Proceeds from dispositions 16,299 0
Proceeds from maturities 2,650 1,181
Property and equipment:    
Purchases (21,519) (26,518)
Net cash used in investing activities (57,324) (26,674)
Cash flows from financing activities:    
Purchase of treasury stock (16,236) (27,172)
Dividends paid (25,170) (17,831)
Other 1,613 1,177
Net cash used in financing activities (39,793) (43,826)
Net decrease in cash, cash equivalents and restricted cash (26,788) (2,106)
Cash, cash equivalents and restricted cash beginning of period 549,612 472,609
Cash, cash equivalents and restricted cash end of period 522,824 470,503
Supplemental Cash Flow Information [Abstract]    
Cash and cash equivalents 328,299 285,934
Restricted cash 42,257 41,748
Deposits workers compensation $ 152,268 $ 142,821