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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Cash flows from operating activities    
Net income $ 61,922 $ 62,092
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 8,047 7,602
Stock-based compensation 11,822 6,552
Deferred income taxes 22,946 12,560
Changes in operating assets and liabilities:    
Accounts receivable (168,498) (54,966)
Prepaid insurance (47,506) (35,107)
Other current assets (14,257) 3,068
Increase (Decrease) in Other Noncurrent Assets (1,508) (3,403)
Accounts payable (362) 1,675
Payroll taxes and other payroll deductions payable (67,441) (9,003)
Accrued worksite employee payroll expense 168,498 34,905
Accrued health insurance costs 39,451 25,661
Accrued workers’ compensation costs (3,393) 3,467
Accrued corporate payroll, commissions and other accrued liabilities (5,421) (46,531)
Income taxes payable/receivable (5,345) 8,409
Total adjustments (59,951) (38,305)
Net cash provided by operating activities 1,971 23,787
Marketable securities:    
Purchases (10,585) (8,689)
Proceeds from maturities 10,580 24,000
Property and equipment:    
Purchases (12,072) (15,625)
Net cash used in investing activities (12,077) (314)
Cash flows from financing activities:    
Purchase of treasury stock (29,686) (61,203)
Dividends paid (15,461) (15,557)
Borrowings under revolving line of credit 0 100,000
Other (2,751) (2,363)
Net cash provided by (used in) financing activities (42,396) 25,603
Net increase (decrease) in cash, cash equivalents and restricted cash (52,502) 49,076
Cash, cash equivalents and restricted cash beginning of period 786,699 592,550
Cash, cash equivalents and restricted cash end of period 734,197 641,626
Supplemental Cash Flow Information [Abstract]    
Cash and cash equivalents 494,777 404,728
Restricted cash 46,353 48,349
Deposits workers compensation 193,067 188,549
ROU assets obtained in exchange for lease obligations $ 12,104 $ 6,787