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CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Income Statement [Abstract]        
Revenues(1) $ 993,366 $ 1,043,316 $ 2,222,849 $ 2,196,326
Payroll taxes, benefits and workers’ compensation costs 773,117 869,581 1,768,578 1,795,874
Gross profit 220,249 173,735 454,271 400,452
Salaries, wages and payroll taxes 90,710 74,696 177,211 158,076
Stock-based compensation 10,694 8,256 17,246 14,296
Commissions 7,475 7,741 15,935 14,693
Advertising 5,720 7,548 10,553 12,579
General and administrative expenses 24,755 29,866 59,608 63,028
Depreciation and amortization 7,908 6,908 15,510 13,599
Total operating expenses 147,262 135,015 296,063 276,271
Operating income 72,987 38,720 158,208 124,181
Other income (expense):        
Interest income 369 2,802 2,248 6,047
Interest expense (2,219) (1,639) (4,581) (3,320)
Income before income tax expense 71,137 39,883 155,875 126,908
Income tax expense 19,286 11,327 41,932 22,063
Net income 51,851 28,556 113,943 104,845
Less distributed and undistributed earnings allocated to participating securities (276) (309) (724) (1,183)
Net income allocated to common shares $ 51,575 $ 28,247 $ 113,219 $ 103,662
Basic net income per share of common stock (in dollars per share) $ 1.34 $ 0.69 $ 2.93 $ 2.55
Diluted net income per share of common stock (in dollars per share) $ 1.33 $ 0.69 $ 2.91 $ 2.54
Revenue Composition [Abstract]        
Gross billings $ 6,355,683 $ 6,377,014 $ 13,792,437 $ 13,248,684
Worksite employee payroll cost 5,362,317 5,333,698 11,569,588 11,052,358
Revenues(1) $ 993,366 $ 1,043,316 $ 2,222,849 $ 2,196,326