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Condensed Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Revenues:        
Professional employer service fees $ 187,718 $ 165,776 $ 359,927 $ 320,452
Staffing services 37,856 37,641 75,644 73,932
Total revenues 225,574 203,417 435,571 394,384
Cost of revenues:        
Direct payroll costs 28,486 28,223 57,196 55,649
Payroll taxes and benefits 93,946 82,885 209,346 186,645
Workers' compensation 58,928 50,056 114,365 99,450
Total cost of revenues 181,360 161,164 380,907 341,744
Gross margin 44,214 42,253 54,664 52,640
Selling, general and administrative expenses 28,060 28,490 54,670 50,394
Depreciation and amortization 985 769 1,927 1,518
Income (loss) from operations 15,169 12,994 (1,933) 728
Other income (expense):        
Investment income 1,392 259 1,550 507
Interest expense (62) (248) (145) (508)
Other, net (4) (5) (4) (1)
Other income (expense), net 1,326 6 1,401 (2)
Income (loss) before income taxes 16,495 13,000 (532) 726
Provision for (benefit from) income taxes 5,369 4,478 (431) 207
Net income (loss) $ 11,126 $ 8,522 $ (101) $ 519
Basic income (loss) per common share $ 1.53 $ 1.18 $ (0.01) $ 0.07
Weighted average number of basic common shares outstanding 7,254 7,210 7,252 7,209
Diluted income (loss) per common share $ 1.47 $ 1.16 $ (0.01) $ 0.07
Weighted average number of diluted common shares outstanding 7,550 7,328 7,252 7,323
Cash dividends per common share $ 0.25 $ 0.22 $ 0.50 $ 0.44