v3.8.0.1
Condensed Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Revenues:    
Professional employer service fees $ 188,961 $ 172,209
Staffing services 35,014 37,788
Total revenues 223,975 209,997
Cost of revenues:    
Direct payroll costs 26,404 28,710
Payroll taxes and benefits 124,188 115,400
Workers' compensation 57,121 55,437
Total cost of revenues 207,713 199,547
Gross margin 16,262 10,450
Selling, general and administrative expenses 29,428 26,610
Depreciation and amortization 1,004 942
Loss from operations (14,170) (17,102)
Other income (expense):    
Investment income, net 2,019 158
Interest expense (42) (83)
Other, net 16  
Other income, net 1,993 75
Loss before income taxes (12,177) (17,027)
Benefit from income taxes (3,054) (5,800)
Net loss $ (9,123) $ (11,227)
Basic loss per common share $ (1.25) $ (1.55)
Weighted average number of basic common shares outstanding 7,304 7,249
Diluted loss per common share $ (1.25) $ (1.55)
Weighted average number of diluted common shares outstanding 7,304 7,249
Cash dividends per common share $ 0.25 $ 0.25

Source