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Workers Compensation Assets and Liabilities
 9 Months Ended
Sep. 30, 2016
Insurance [Abstract]  
Workers Compensation Assets and Liabilities
WORKERS COMPENSATION ASSETS AND LIABILITIES
The Company has agreements with various insurance carriers to provide workers compensation insurance coverage for worksite employees, including agreements in which either the Company retains custody of funds in restricted accounts or remits funds to carriers to pay future claims. Insurance carriers are responsible for administrating and paying claims. The Company is responsible for reimbursing each carrier up to a deductible limit per occurrence. Assets held by third parties to cover claim liabilities represent prefunded claim obligations paid to carriers in excess of estimated total claim liabilities and are applied to incurred claims. Any excess claim funds held by the carrier can be returned to the Company based on their agreements with the Company.
The following summarizes the activities in the balance sheet for unpaid claims and claims adjustment expenses within workers compensation assets and liabilities (in thousands):
 
Nine Months Ended
September 30, 2016
 
Year Ended December 31, 2015
Liability for unpaid claims and claims adjustment at beginning of period
$
190,102

 
$
148,034

Incurred related to:
 
 
 
Current year
78,063

 
89,137

Prior years
12,951

 
26,391

Total incurred
91,014

 
115,528

Paid related to:
 
 
 
Current year
(9,016
)
 
(16,376
)
Prior years
(49,593
)
 
(57,084
)
Total paid
(58,609
)
 
(73,460
)
 
 
 
 
Liability for unpaid claims and claims adjustment at end of period
$
222,507

 
$
190,102

 
 
 
 
Assets held by third parties to cover claim liabilities
(73,277
)
 
(58,522
)
Workers compensation premiums and other liabilities
12,761

 
9,455

Other workers compensation assets
(1,085
)
 
(1,012
)
Total net workers compensation liabilities
$
160,906

 
$
140,023

 
 
 
 
Location on Condensed Consolidated Balance Sheet:
 
 
 
Workers compensation liabilities
 
 
 
Current portion included in worksite employee-related liability
$
64,432

 
$
66,174

Long term portion
138,912

 
105,481

Total workers compensation liabilities
$
203,344

 
$
171,655

 
 
 
 
Workers compensation receivables
 
 
 
Current portion included in worksite employee-related asset
$
(1,860
)
 
$
(2,428
)
Long term portion
(40,578
)
 
(29,204
)
Total workers compensation receivables
$
(42,438
)
 
$
(31,632
)
 
 
 
 
Total net workers compensation liabilities
$
160,906

 
$
140,023


 
Incurred claims related to prior years represent changes in estimates for ultimate losses on workers compensation claims.

As of September 30, 2016 and December 31, 2015, the company recorded $59.8 million and $49.8 million, respectively, in restricted cash and restricted investments within WSE-related assets in the accompanying condensed consolidated balance sheets. In addition, at September 30, 2016 and December 31, 2015, $122.4 million and $101.8 million, respectively, were recorded as restricted long-term cash and available for sale investments. These funds remain restricted until the plan year to which they relate are settled.