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CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Income Statement [Abstract]        
Revenues(1) $ 1,043,388 $ 925,126 $ 3,239,714 $ 2,861,793
Payroll taxes, benefits and workers’ compensation costs 872,842 759,072 2,668,716 2,341,475
Gross profit 170,546 166,054 570,998 520,318
Salaries, wages and payroll taxes 79,264 70,552 237,340 226,486
Stock-based compensation 6,517 5,769 20,813 14,656
Commissions 8,034 6,818 22,727 19,863
Advertising 4,895 3,846 17,474 13,996
General and administrative expenses 29,773 25,294 92,801 82,565
Depreciation and amortization 7,330 5,642 20,929 16,335
Total operating expenses 135,813 117,921 412,084 373,901
Operating income 34,733 48,133 158,914 146,417
Other income (expense):        
Interest income 2,574 2,028 8,621 5,291
Interest expense (2,122) (1,174) (5,442) (3,352)
Income before income tax expense 35,185 48,987 162,093 148,356
Income tax expense 9,326 12,780 31,389 37,598
Net income 25,859 36,207 130,704 110,758
Less distributed and undistributed earnings allocated to participating securities (284) (503) (1,546) (1,546)
Net income allocated to common shares $ 25,575 $ 35,704 $ 129,158 $ 109,212
Basic net income per share of common stock (in dollars per share) $ 0.64 $ 0.86 $ 3.19 $ 2.64
Diluted net income per share of common stock (in dollars per share) $ 0.63 $ 0.86 $ 3.18 $ 2.63
Revenue Composition [Abstract]        
Gross billings $ 6,555,865 $ 5,810,779 $ 19,804,549 $ 17,284,477
Worksite employee payroll cost 5,512,477 4,885,653 16,564,835 14,422,684
Revenues(1) $ 1,043,388 $ 925,126 $ 3,239,714 $ 2,861,793