v3.19.1
Condensed Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Revenues:    
Total revenues $ 218,215 $ 223,975
Cost of revenues:    
Total cost of revenues 189,868 207,713
Gross margin 28,347 16,262
Selling, general and administrative expenses 33,160 29,428
Depreciation and amortization 969 1,004
Loss from operations (5,782) (14,170)
Other income (expense):    
Investment income, net 3,072 2,019
Interest expense (477) (42)
Other, net 12 16
Other income, net 2,607 1,993
Loss before income taxes (3,175) (12,177)
Benefit from income taxes (875) (3,054)
Net loss $ (2,300) $ (9,123)
Basic loss per common share $ (0.31) $ (1.25)
Weighted average number of basic common shares outstanding 7,407 7,304
Diluted loss per common share $ (0.31) $ (1.25)
Weighted average number of diluted common shares outstanding 7,407 7,304
Cash dividends per common share $ 250 $ 250
Professional Employer Service Fees [Member]    
Revenues:    
Total revenues $ 190,527 $ 188,961
Staffing Services [Member]    
Revenues:    
Total revenues 27,688 35,014
Direct Payroll Costs [Member]    
Cost of revenues:    
Total cost of revenues 20,842 26,404
Payroll Taxes and Benefits [Member]    
Cost of revenues:    
Total cost of revenues 114,797 124,188
Workers' Compensation [Member]    
Cost of revenues:    
Total cost of revenues $ 54,229 $ 57,121

Source