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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Operating activities    
Net income $ 111,524 $ 38,440
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 26,177 27,810
Stock-based compensation 21,406 20,169
Changes in operating assets and liabilities:    
Restricted cash and cash equivalents (45,570) (31,409)
Prepaid income taxes 42,448 386
Prepaid expenses and other current assets (961) (5,253)
Workers' compensation collateral receivable (8,048) (11,374)
Other assets 925 438
Accounts payable 5,505 4,538
Accrued corporate wages and other current liabilities 2,331 4,548
Workers' compensation loss reserves and other non-current liabilities 3,574 33,510
Worksite employee related assets 340,767 525,841
Worksite employee related liabilities (341,127) (526,945)
Net cash provided by operating activities 158,951 80,699
Investing activities    
Acquisitions of businesses 0 (300)
Purchases of marketable securities 0 (14,959)
Proceeds from maturity of marketable securities 14,447 25,790
Acquisitions of property and equipment (29,210) (27,942)
Net cash used in investing activities (14,763) (17,411)
Financing activities    
Repurchase of common stock (39,347) (43,747)
Proceeds from issuance of common stock on exercised options 8,678 3,584
Proceeds from issuance of common stock on employee stock purchase plan 2,441 2,304
Awards effectively repurchased for required employee withholding taxes (8,100) (2,672)
Proceeds from issuance of notes payable 0 57,978
Payments for extinguishment of debt 0 (57,563)
Repayment of notes and capital leases payable (28,735) (27,506)
Payment of debt issuance costs 0 (1,376)
Net cash used in financing activities (65,063) (68,998)
Effect of exchange rate changes on cash and cash equivalents 398 90
Net increase in cash and cash equivalents 79,523 (5,620)
Cash and cash equivalents at beginning of period 184,004 166,178
Cash and cash equivalents at end of period 263,527 160,558
Supplemental disclosures of cash flow information    
Interest paid 12,186 11,651
Income taxes paid (refunded), net (138) 27,650
Supplemental schedule of noncash investing and financing activities    
Payable for purchase of property and equipment $ 2,450 $ 1,363