Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.19.3
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 35,452 $ 35,371
Investments 101,748 416
Trade accounts receivable, net 187,467 151,597
Prepaid expenses and other 15,974 13,880
Restricted cash and investments 107,702 120,409
Total current assets 448,343 321,673
Investments   1,687
Property, equipment and software, net 29,575 24,812
Operating lease right-of-use assets 23,784  
Restricted cash and investments 311,882 348,165
Goodwill 47,820 47,820
Other assets 3,253 3,474
Deferred income taxes 5,523 8,458
Total assets 870,180 756,089
Current liabilities:    
Current portion of long-term debt 221 221
Accounts payable 5,432 4,336
Accrued payroll, payroll taxes and related benefits 197,686 158,683
Income taxes payable 3,408 4,403
Current operating lease liabilities 6,448  
Other accrued liabilities 13,244 20,566
Workers' compensation claims liabilities 113,623 109,319
Safety incentives liability 27,727 29,210
Total current liabilities 367,789 326,738
Long-term workers' compensation claims liabilities 316,423 304,078
Long-term debt 3,785 3,951
Long-term operating lease liabilities 17,906  
Customer deposits and other long-term liabilities 4,106 2,285
Total liabilities 710,009 637,052
Commitments and contingencies (Notes 4, 5 and 7)
Stockholders' equity:    
Common stock, $.01 par value; 20,500 shares authorized, 7,494 and 7,395 shares issued and outstanding 75 74
Additional paid-in capital 18,259 15,437
Accumulated other comprehensive income (loss) 2,619 (5,068)
Retained earnings 139,218 108,594
Total stockholders' equity 160,171 119,037
Total liabilities and stockholders' equity $ 870,180 $ 756,089