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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Cash flows from operating activities    
Net income $ 133,952 $ 130,704
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 23,329 20,929
Stock-based compensation 38,110 20,813
Deferred income taxes 6,757 8,659
Changes in operating assets and liabilities:    
Accounts receivable (62,933) (83,267)
Prepaid insurance (24,341) (13,750)
Other current assets 9,721 1,283
Other assets and ROU assets 10,862 (2,709)
Accounts payable 1,451 (5,249)
Payroll taxes and other payroll deductions payable (99,196) (80,549)
Accrued worksite employee payroll expense 69,937 81,478
Accrued health insurance costs 23,459 (1,914)
Accrued workers’ compensation costs (2,273) 6,087
Accrued corporate payroll, commissions and other accrued liabilities (32,238) (22,830)
Income taxes payable/receivable 9,977 (12,609)
Total adjustments (27,378) (83,628)
Net cash provided by operating activities 106,574 47,076
Marketable securities:    
Purchases (42,007) (90,909)
Proceeds from dispositions 484 5,799
Proceeds from maturities 41,860 85,480
Property and equipment:    
Purchases (68,770) (35,968)
Net cash used in investing activities (68,433) (35,598)
Cash flows from financing activities:    
Purchase of treasury stock (91,216) (153,668)
Dividends paid (46,522) (36,777)
Borrowings under revolving line of credit 100,000 95,000
Other (6,302) (7,215)
Net cash used in financing activities (31,436) (88,230)
Net increase (decrease) in cash, cash equivalents and restricted cash 6,705 (76,752)
Cash, cash equivalents and restricted cash beginning of period 592,550 535,474
Cash, cash equivalents and restricted cash end of period 599,255 458,722
Supplemental Cash Flow Information [Abstract]    
Cash and cash equivalents 372,356 243,439
Restricted cash 45,265 45,251
Deposits workers compensation 181,634 170,032
ROU assets obtained in exchange for lease obligations $ 18,364 $ 21,980