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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Cash flows from operating activities    
Net income $ 69,884 $ 61,922
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 10,184 8,047
Stock-based compensation 9,846 11,822
Deferred income taxes 10,006 22,946
Changes in operating assets and liabilities:    
Accounts receivable (156,917) (168,498)
Prepaid insurance (11,431) (47,506)
Other current assets (26,970) (14,257)
Other assets and ROU assets 1,588 (1,508)
Accounts payable 1,414 (362)
Payroll taxes and other payroll deductions payable (83,125) (67,441)
Accrued worksite employee payroll expense 235,970 168,498
Accrued health insurance costs 11,398 39,451
Accrued workers’ compensation costs (7,050) (3,393)
Accrued corporate payroll, commissions and other accrued liabilities (18,971) (5,421)
Income taxes payable/receivable 16,197 (5,345)
Total adjustments (11,037) (59,951)
Net cash provided by operating activities 58,847 1,971
Marketable securities:    
Purchases (6,964) (10,585)
Proceeds from maturities 5,760 10,580
Property and equipment:    
Purchases (4,686) (12,072)
Net cash used in investing activities (5,890) (12,077)
Cash flows from financing activities:    
Purchase of treasury stock (27,441) (29,686)
Dividends paid (17,244) (15,461)
Other (799) (2,751)
Net cash used in financing activities (43,886) (42,396)
Net increase (decrease) in cash, cash equivalents and restricted cash 9,071 (52,502)
Cash, cash equivalents and restricted cash beginning of period 807,768 786,699
Cash, cash equivalents and restricted cash end of period 816,839 734,197
Supplemental Cash Flow Information [Abstract]    
Cash and cash equivalents 576,654 494,777
Restricted cash 49,429 46,353
Deposits workers compensation 190,756 193,067
ROU assets obtained in exchange for lease obligations $ 775 $ 12,104