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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2017
Dec. 31, 2016
Current assets:    
Cash and cash equivalents $ 216,054 $ 184,004
Restricted cash and cash equivalents 14,578 14,569
Prepaid income taxes 27,583 42,381
Prepaid expenses 9,051 10,784
Other current assets 2,005 2,145
Worksite employee related assets 1,039,349 1,281,471
Total current assets 1,308,620 1,535,354
Workers' compensation collateral receivable 34,755 31,883
Restricted cash and available for sale investments 127,715 130,501
Property and equipment, net 63,417 58,622
Goodwill 289,207 289,207
Other intangible assets, net 29,724 31,074
Other assets 19,234 18,502
Total assets 1,872,672 2,095,143
Current liabilities:    
Accounts payable 22,598 22,541
Accrued corporate wages 40,908 30,937
Notes and capital leases payable, net 36,606 36,559
Other current liabilities 14,546 12,551
Worksite employee related liabilities 1,034,093 1,275,995
Total current liabilities 1,148,751 1,378,583
Notes and capital leases payable, net, noncurrent 413,328 422,495
Workers' compensation loss reserves (net of collateral paid $20,639 and $22,377 at March 31, 2017 and December 31, 2016, respectively) 164,671 159,301
Deferred income taxes 91,847 92,373
Other liabilities 11,528 7,801
Total liabilities 1,830,125 2,060,553
Commitments and contingencies
Stockholders’ equity:    
Preferred stock ($0.000025 par value per share; 20,000,000 shares authorized; no shares issued and outstanding at March 31, 2017 and December 31, 2016) 0 0
Common stock and additional paid-in capital ($0.000025 par value per share; 750,000,000 shares authorized; 68,532,338 and 69,015,690 shares issued and outstanding at March 31, 2017 and December 31, 2016, respectively) 543,600 535,132
Accumulated deficit (500,461) (499,938)
Accumulated other comprehensive loss (592) (604)
Total stockholders’ equity 42,547 34,590
Total liabilities and stockholders’ equity $ 1,872,672 $ 2,095,143