v3.10.0.1
Condensed Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Revenues:        
Total revenues $ 247,287 $ 240,135 $ 702,866 $ 675,706
Cost of revenues:        
Total cost of revenues 187,602 185,218 578,437 566,125
Gross margin 59,685 54,917 124,429 109,581
Selling, general and administrative expenses 36,670 33,925 101,713 88,595
Depreciation and amortization 949 1,062 3,228 2,989
Income from operations 22,066 19,930 19,488 17,997
Other income (expense):        
Investment income, net 2,235 1,534 6,455 3,084
Interest expense (465) (52) (574) (197)
Other, net 10 32 15 28
Other income, net 1,780 1,514 5,896 2,915
Income before income taxes 23,846 21,444 25,384 20,912
Provision for income taxes 4,759 6,659 4,178 6,228
Net income $ 19,087 $ 14,785 $ 21,206 $ 14,684
Basic income per common share $ 2.59 $ 2.03 $ 2.89 $ 2.02
Weighted average number of basic common shares outstanding 7,369 7,296 7,327 7,266
Diluted income per common share $ 2.50 $ 1.96 $ 2.77 $ 1.95
Weighted average number of diluted common shares outstanding 7,643 7,527 7,652 7,539
Cash dividends per common share $ 0.25 $ 0.25 $ 0.75 $ 0.75
Professional Employer Service Fees [Member]        
Revenues:        
Total revenues $ 206,320 $ 197,388 $ 592,559 $ 557,315
Staffing Services [Member]        
Revenues:        
Total revenues 40,967 42,747 110,307 118,391
Direct Payroll Costs [Member]        
Cost of revenues:        
Total cost of revenues 30,842 31,986 83,265 89,182
Payroll Taxes and Benefits [Member]        
Cost of revenues:        
Total cost of revenues 100,348 94,922 322,784 304,268
Workers' Compensation [Member]        
Cost of revenues:        
Total cost of revenues $ 56,412 $ 58,310 $ 172,388 $ 172,675

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