v3.19.2
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Cash flows from operating activities:    
Net income $ 11,607 $ 2,117
Reconciliations of net income to net cash provided by operating activities:    
Depreciation and amortization 1,939 2,278
Non-cash lease expense 3,509  
Losses recognized on investments 26 38
Share-based compensation 3,828 2,583
Changes in certain operating assets and liabilities:    
Trade accounts receivable (11,631) (15,896)
Income taxes receivable   (643)
Prepaid expenses and other (1,840) (4,100)
Accounts payable 488 (1,215)
Accrued payroll, payroll taxes and related benefits 24,740 4,533
Other accrued liabilities (4,658) (80)
Income taxes payable (1,733)  
Workers' compensation claims liabilities 17,470 27,341
Safety incentives liability (1,894) (468)
Operating lease liabilities (3,032)  
Other assets and liabilities, net 46 (27)
Net cash provided by operating activities 38,865 16,461
Cash flows from investing activities:    
Purchase of property and equipment (5,127) (3,517)
Purchase of investments (117) (1,401)
Proceeds from sales and maturities of investments 15,262 1,369
Purchase of restricted investments (3,245) (103,388)
Proceeds from sales and maturities of restricted investments 34,765 32,749
Net cash provided by (used in) investing activities 41,538 (74,188)
Cash flows from financing activities:    
Proceeds from credit-line borrowings 18,843 8,500
Payments on credit-line borrowings (18,843) (8,500)
Payments on long-term debt (111) (110)
Common stock repurchased on vesting of restricted stock units (178) (168)
Dividends paid (3,705) (3,653)
Proceeds from exercise of stock options 178 101
Net cash used in financing activities (3,816) (3,830)
Net increase (decrease) in cash, cash equivalents and restricted cash 76,587 (61,557)
Cash, cash equivalents and restricted cash, beginning of period 140,702 120,205
Cash, cash equivalents and restricted cash, end of period $ 217,289 $ 58,648

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