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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Operating activities    
Net income $ 28,737 $ 11,577
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 8,123 8,746
Stock-based compensation 6,207 7,397
Changes in operating assets and liabilities:    
Restricted cash and cash equivalents (877) (3,202)
Prepaid income taxes 14,798 6,735
Prepaid expenses and other current assets 1,701 (1,157)
Workers' compensation collateral receivable (2,872) (7,688)
Other assets 148 (312)
Accounts payable (413) 6,111
Accrued corporate wages and other current liabilities 11,903 (2,505)
Workers' compensation loss reserves and other non-current liabilities 8,229 15,205
Worksite employee related assets 242,122 346,563
Worksite employee related liabilities (241,902) (347,039)
Net cash provided by operating activities 75,904 40,431
Investing activities    
Acquisitions of businesses 0 (300)
Proceeds from maturity of marketable securities 3,625 1,500
Acquisitions of property and equipment (10,473) (6,807)
Net cash used in investing activities (6,848) (5,607)
Financing activities    
Repurchase of common stock (27,595) 0
Proceeds from issuance of common stock on exercised options 2,099 504
Awards effectively repurchased for required employee withholding taxes (1,987) (656)
Repayment of notes and capital leases payable (9,569) (5,072)
Net cash used in financing activities (37,052) (5,224)
Effect of exchange rate changes on cash and cash equivalents 46 160
Net increase in cash and cash equivalents 32,050 29,760
Cash and cash equivalents at beginning of period 184,004 166,178
Cash and cash equivalents at end of period 216,054 195,938
Supplemental disclosures of cash flow information    
Interest paid 4,162 4,083
Income taxes paid (refunded), net (564) 2,572
Supplemental schedule of noncash investing and financing activities    
Payable for purchase of property and equipment $ 1,971 $ 1,435