v3.19.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Cash flows from operating activities:    
Net loss $ (2,300) $ (9,123)
Reconciliations of net loss to net cash provided by (used in) operating activities:    
Depreciation and amortization 969 1,004
Non-cash lease expense 1,773  
(Gains) losses recognized on investments (130) 35
Share-based compensation 1,387 1,542
Changes in certain operating assets and liabilities:    
Trade accounts receivable (2,560) (10,394)
Income taxes receivable   (3,061)
Prepaid expenses and other (2,752) (3,278)
Accounts payable 1,021 (1,282)
Accrued payroll, payroll taxes and related benefits 30,647 9,099
Other accrued liabilities (3,512) (900)
Income taxes payable (843)  
Workers' compensation claims liabilities 9,508 15,378
Safety incentives liability (2,282) (1,171)
Operating lease liabilities (1,374)  
Other assets and liabilities, net 1,220 (17)
Net cash provided by (used in) operating activities 30,772 (2,168)
Cash flows from investing activities:    
Purchase of property and equipment (1,798) (1,163)
Purchase of investments (8) (773)
Proceeds from sales and maturities of investments 15 589
Purchase of restricted investments (2,023) (81,289)
Proceeds from sales and maturities of restricted investments 30,859 21,291
Net cash provided by (used in) investing activities 27,045 (61,345)
Cash flows from financing activities:    
Payments on long-term debt (55) (55)
Common stock repurchased on vesting of restricted stock units (178) (76)
Dividends paid (1,852) (1,826)
Proceeds from exercise of stock options 122 53
Net cash used in financing activities (1,963) (1,904)
Net increase (decrease) in cash, cash equivalents and restricted cash 55,854 (65,417)
Cash, cash equivalents and restricted cash, beginning of period 140,702 120,205
Cash, cash equivalents and restricted cash, end of period $ 196,556 $ 54,788

Source