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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Cash flows from operating activities    
Net income $ 87,076 $ 113,943
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 17,798 15,510
Stock-based compensation 25,603 17,246
Deferred income taxes 9,161 4,668
Changes in operating assets and liabilities:    
Accounts receivable (203,559) (8,156)
Prepaid insurance (6,979) (13,076)
Other current assets (7,609) 8,842
Other assets and ROU assets (5,407) (6,979)
Accounts payable (2,140) (1,680)
Payroll taxes and other payroll deductions payable (114,985) (57,756)
Accrued worksite employee payroll expense 195,045 7,209
Accrued health insurance costs (3,621) 8,534
Accrued workers’ compensation costs (877) (357)
Accrued corporate payroll, commissions and other accrued liabilities 13,697 (19,273)
Income taxes payable/receivable (7,022) 32,228
Total adjustments (80,081) 918
Net cash provided by operating activities 6,995 114,861
Marketable securities:    
Purchases (30,862) (25,438)
Proceeds from dispositions 0 484
Proceeds from maturities 30,340 27,625
Property and equipment:    
Purchases (20,708) (39,466)
Net cash used in investing activities (21,230) (36,795)
Cash flows from financing activities:    
Purchase of treasury stock (38,536) (61,230)
Dividends paid (32,828) (31,074)
Borrowings under revolving line of credit 0 100,000
Other (4,027) (4,247)
Net cash provided by (used in) financing activities (67,337) 11,943
Net increase (decrease) in cash, cash equivalents and restricted cash (81,572) 90,009
Cash, cash equivalents and restricted cash beginning of period 786,699 592,550
Cash, cash equivalents and restricted cash end of period 705,127 682,559
Supplemental Cash Flow Information [Abstract]    
Cash and cash equivalents 455,387 459,399
Restricted cash 46,128 45,216
Deposits workers compensation 203,612 177,944
ROU assets obtained in exchange for lease obligations $ 15,047 $ 10,196