XML 28 R8.htm IDEA: XBRL DOCUMENT v3.7.0.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Cash flows from operating activities:    
Net income (loss) $ (101) $ 519
Reconciliations of net income (loss) to net cash from operating activities:    
Depreciation and amortization 1,927 1,518
Losses (gains) recognized on investments (76) 3
Share-based compensation 1,772 1,040
Excess tax benefit from share-based compensation   (265)
Changes in certain operating assets and liabilities:    
Trade accounts receivable (20,657) (87,398)
Income taxes receivable   1,038
Prepaid expenses and other (4,683) (1,645)
Accounts payable 1 1,241
Accrued payroll, payroll taxes and related benefits 13,872 64,952
Other accrued liabilities 217 (1,747)
Income taxes payable (2,867) 336
Workers' compensation claims liabilities 23,676 21,375
Safety incentives liability 1,249 3,009
Customer deposits, long-term liabilities and other assets, net (180) 495
Net cash provided by operating activities 14,150 4,471
Cash flows from investing activities:    
Purchase of property and equipment (2,289) (2,656)
Purchase of investments (2,240) (284)
Proceeds from sales and maturities of investments 7,002 4,026
Purchase of restricted cash and investments (703,065) (89,441)
Proceeds from sales and maturities of restricted cash and investments 657,282 69,574
Net cash used in investing activities (43,310) (18,781)
Cash flows from financing activities:    
Proceeds from credit-line borrowings 24,899 11,300
Payments on credit-line borrowings (24,899) (11,300)
Payments on long-term debt (129) (7,610)
Common stock repurchased on vesting of restricted stock units (134) (40)
Dividends paid (3,625) (3,173)
Proceeds from exercise of stock options and vesting of restricted stock units 145 72
Excess tax benefits from share-based compensation   265
Net cash used in financing activities (3,743) (10,486)
Net decrease in cash and cash equivalents (32,903) (24,796)
Cash and cash equivalents, beginning of period 50,768 25,218
Cash and cash equivalents, end of period $ 17,865 $ 422