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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Cash flows from operating activities    
Net income $ 114,372 $ 133,952
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 27,715 23,329
Stock-based compensation 35,965 38,110
Deferred income taxes 7,950 6,757
Changes in operating assets and liabilities:    
Accounts receivable (186,757) (62,933)
Prepaid insurance (9,493) (24,341)
Other current assets (13,832) 9,721
Other assets and ROU assets (4,153) (10,862)
Accounts payable (1,953) 1,451
Payroll taxes and other payroll deductions payable (145,098) (99,196)
Accrued worksite employee payroll expense 200,054 69,937
Accrued health insurance costs 7,681 23,459
Accrued workers’ compensation costs (864) (2,273)
Accrued corporate payroll, commissions and other accrued liabilities 22,428 (32,238)
Income taxes payable/receivable (7,478) 9,977
Total adjustments (59,529) (27,378)
Net cash provided by operating activities 54,843 106,574
Marketable securities:    
Purchases (41,413) (42,007)
Proceeds from dispositions 0 484
Proceeds from maturities 42,600 41,860
Property and equipment:    
Purchases (23,603) (68,770)
Net cash used in investing activities (22,416) (68,433)
Cash flows from financing activities:    
Purchase of treasury stock (49,770) (91,216)
Dividends paid (50,198) (46,522)
Borrowings under revolving line of credit 0 100,000
Other (4,812) (6,302)
Net cash used in financing activities (95,156) (31,436)
Net increase (decrease) in cash, cash equivalents and restricted cash (62,729) 6,705
Cash, cash equivalents and restricted cash beginning of period 786,699 592,550
Cash, cash equivalents and restricted cash end of period 723,970 599,255
Supplemental Cash Flow Information [Abstract]    
Cash and cash equivalents 467,921 372,356
Restricted cash 47,813 45,265
Deposits workers compensation 208,236 181,634
ROU assets obtained in exchange for lease obligations $ 16,275 $ 18,364