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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Cash flows from operating activities    
Net income $ 130,704 $ 110,758
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 20,929 16,335
Stock-based compensation 20,813 14,656
Deferred income taxes 8,659 (591)
Changes in operating assets and liabilities:    
Accounts receivable (83,267) (66,020)
Prepaid insurance (13,750) (2,973)
Other current assets 1,283 2,717
Other assets (2,709) (1,760)
Accounts payable (5,249) (1,131)
Payroll taxes and other payroll deductions payable (80,549) (99,161)
Accrued worksite employee payroll expense 81,478 72,713
Accrued health insurance costs (1,914) 7,383
Accrued workers’ compensation costs 6,087 19,405
Accrued corporate payroll, commissions and other accrued liabilities (22,830) (11,887)
Income taxes payable/receivable (12,609) 9,885
Total adjustments (83,628) (40,429)
Net cash provided by operating activities 47,076 70,329
Marketable securities:    
Purchases (90,909) (54,754)
Proceeds from dispositions 5,799 16,299
Proceeds from maturities 85,480 2,650
Property and equipment:    
Purchases (35,968) (21,519)
Net cash used in investing activities (35,598) (57,324)
Cash flows from financing activities:    
Purchase of treasury stock (153,668) (16,236)
Dividends paid (36,777) (25,170)
Borrowings under revolving line of credit 95,000 0
Other (7,215) (1,613)
Net cash used in financing activities (88,230) (39,793)
Net decrease in cash, cash equivalents and restricted cash (76,752) (26,788)
Cash, cash equivalents and restricted cash beginning of period 535,474 549,612
Cash, cash equivalents and restricted cash end of period 458,722 522,824
Supplemental Cash Flow Information [Abstract]    
Cash and cash equivalents 243,439 328,299
Restricted cash 45,251 42,257
Deposits workers compensation 170,032 152,268
ROU assets obtained in exchange for lease obligations $ 21,980 $ 0