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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Operating activities    
Net income $ 38,440 $ 17,600
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 27,810 42,036
Deferred income taxes (346) 1,835
Stock-based compensation 20,169 12,991
Excess tax credits received from equity incentive plan activity (2,591) (20,327)
Changes in operating assets and liabilities:    
Restricted cash and available for sale investments (31,409) (21,198)
Prepaid expenses and other current assets (5,253) (3,201)
Workers compensation receivables (11,374) 3,294
Other assets 438 (14,585)
Accounts payable 4,538 2,522
Prepaid income taxes 386 27,574
Accrued corporate wages and other current liabilities 4,548 9,103
Workers compensation and other liabilities 33,856 47,419
Worksite employee related assets 525,841 768,010
Worksite employee related liabilities (526,945) (768,552)
Net cash provided by operating activities 78,108 104,521
Investing activities    
Acquisitions of businesses (300) (4,750)
Purchases of restricted investments (14,959) (14,989)
Proceeds from maturities of restricted investments 25,790 1,275
Purchase of property and equipment (27,942) (14,747)
Net cash used in investing activities (17,411) (33,211)
Financing activities    
Proceeds from issuance of notes payable 57,978 0
Payments for extinguishment of debt (57,563) 0
Payment of debt issuance costs (1,376) 0
Repayment of notes payable and capital leases 27,506 40,493
Proceeds from issuance of common stock on exercised options 3,584 6,464
Proceeds from issuance of common stock on employee stock purchase plan 2,304 2,723
Repurchase of common stock (43,747) (48,364)
Awards effectively repurchased for required employee withholding taxes (2,672) (576)
Excess tax credits received from equity incentive plan activity 2,591 20,327
Tax credit received for deductible IPO transaction costs 0 822
Net cash used in financing activities (66,407) (59,097)
Effect of exchange rate changes on cash and cash equivalents 90 (239)
Net increase in cash and cash equivalents (5,620) 11,974
Cash and cash equivalents at beginning of period 166,178 134,341
Cash and cash equivalents at end of period 160,558 146,315
Supplemental disclosures of cash flow information    
Cash paid for interest 11,651 11,378
Cash paid for income taxes, net 27,650 1,467
Supplemental schedule of noncash investing and financing activities    
Payable for purchase of property and equipment $ 1,363 $ 68