Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows

v3.8.0.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Cash flows from operating activities:    
Net loss $ (9,123) $ (11,227)
Reconciliations of net loss to net cash used in operating activities:    
Depreciation and amortization 1,004 942
Losses recognized on investments 35  
Share-based compensation 1,542 882
Changes in certain operating assets and liabilities:    
Trade accounts receivable (10,394) (12,793)
Income taxes receivable (3,061) (3,078)
Prepaid expenses and other (3,278) (2,931)
Accounts payable (1,282) (1,435)
Accrued payroll, payroll taxes and related benefits 9,099 20,383
Other accrued liabilities (900) (1,151)
Income taxes payable   (3,041)
Workers' compensation claims liabilities 15,378 13,696
Safety incentives liability (1,171) (631)
Customer deposits, long-term liabilities and other assets, net (17) (474)
Net cash used in operating activities (2,168) (858)
Cash flows from investing activities:    
Purchase of property and equipment (1,163) (902)
Purchase of investments (773) (491)
Proceeds from sales and maturities of investments 589 5,502
Purchase of restricted investments (81,289) (102,722)
Proceeds from sales and maturities of restricted investments 21,291 5,224
Net cash used in investing activities (61,345) (93,389)
Cash flows from financing activities:    
Payments on long-term debt (55) (56)
Common stock repurchased on vesting of restricted stock units (76) (68)
Dividends paid (1,826) (1,813)
Proceeds from exercise of stock options and vesting of restricted stock units 53 97
Net cash used in financing activities (1,904) (1,840)
Net decrease in cash, cash equivalents and restricted cash (65,417) (96,087)
Cash, cash equivalents and restricted cash, beginning of period 120,205 341,330
Cash, cash equivalents and restricted cash, end of period $ 54,788 $ 245,243