v3.8.0.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Cash flows from operating activities:    
Net income $ 14,684 $ 10,752
Reconciliations of net income to net cash from operating activities:    
Depreciation and amortization 2,989 2,341
Losses (gains) recognized on investments (76) 3
Losses recognized on sale of property   31
Share-based compensation 3,064 1,881
Excess tax benefit from share-based compensation   (265)
Changes in certain operating assets and liabilities:    
Trade accounts receivable (29,884) (49,545)
Income taxes receivable   1,038
Prepaid expenses and other (2,706) (464)
Accounts payable (911) 1,303
Accrued payroll, payroll taxes and related benefits 29,157 39,719
Other accrued liabilities (267) 4,585
Income taxes payable 3,740 5,062
Workers' compensation claims liabilities 38,163 36,256
Safety incentives liability 2,724 3,744
Customer deposits, long-term liabilities and other assets, net (150) 851
Net cash provided by operating activities 60,527 57,292
Cash flows from investing activities:    
Purchase of property and equipment (2,612) (5,311)
Proceeds from sale of property   1,478
Purchase of investments (3,559) (274)
Proceeds from sales and maturities of investments 7,889 4,504
Purchase of restricted cash and investments (947,207) (127,207)
Proceeds from sales and maturities of restricted cash and investments 876,897 91,113
Net cash used in investing activities (68,592) (35,697)
Cash flows from financing activities:    
Proceeds from credit-line borrowings 24,899 14,868
Payments on credit-line borrowings (24,899) (14,868)
Payments on long-term debt (166) (15,165)
Common stock repurchased on vesting of restricted stock units (1,666) (433)
Dividends paid (5,449) (4,766)
Proceeds from exercise of stock options and vesting of restricted stock units 148 72
Excess tax benefits from share-based compensation   265
Net cash used in financing activities (7,133) (20,027)
Net increase (decrease) in cash and cash equivalents (15,198) 1,568
Cash and cash equivalents, beginning of period 50,768 25,218
Cash and cash equivalents, end of period $ 35,570 $ 26,786

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