v3.10.0.1
Condensed Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Revenues:        
Total revenues $ 231,603 $ 225,574 $ 455,579 $ 435,571
Cost of revenues:        
Total cost of revenues 183,123 181,360 390,836 380,907
Gross margin 48,480 44,214 64,743 54,664
Selling, general and administrative expenses 35,614 28,060 65,043 54,670
Depreciation and amortization 1,274 985 2,278 1,927
Income (loss) from operations 11,592 15,169 (2,578) (1,933)
Other income (expense):        
Investment income, net 2,201 1,392 4,220 1,550
Interest expense (68) (62) (110) (145)
Other, net (12) (4) 4 (4)
Other income, net 2,121 1,326 4,114 1,401
Income (loss) before income taxes 13,713 16,495 1,536 (532)
Provision for (benefit from) income taxes 2,473 5,369 (581) (431)
Net income (loss) $ 11,240 $ 11,126 $ 2,117 $ (101)
Basic income (loss) per common share $ 1.54 $ 1.53 $ 0.29 $ (0.01)
Weighted average number of basic common shares outstanding 7,310 7,254 7,307 7,252
Diluted income (loss) per common share $ 1.46 $ 1.47 $ 0.28 $ (0.01)
Weighted average number of diluted common shares outstanding 7,675 7,550 7,658 7,252
Cash dividends per common share $ 0.25 $ 0.25 $ 0.50 $ 0.50
Professional Employer Service Fees [Member]        
Revenues:        
Total revenues $ 197,277 $ 187,718 $ 386,239 $ 359,927
Staffing Services [Member]        
Revenues:        
Total revenues 34,326 37,856 69,340 75,644
Direct Payroll Costs [Member]        
Cost of revenues:        
Total cost of revenues 26,020 28,486 52,423 57,196
Payroll Taxes and Benefits [Member]        
Cost of revenues:        
Total cost of revenues 98,249 93,946 222,437 209,346
Workers' Compensation [Member]        
Cost of revenues:        
Total cost of revenues $ 58,854 $ 58,928 $ 115,976 $ 114,365

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