Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.20.2
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 62,210 $ 44,570
Investments 67,473 82,590
Trade accounts receivable, net 188,383 163,561
Income taxes receivable 3,506 1,335
Prepaid expenses and other 17,377 14,919
Restricted cash and investments 82,567 116,873
Total current assets 421,516 423,848
Property, equipment and software, net 35,278 31,724
Operating lease right-of-use assets 24,985 23,805
Restricted cash and investments 239,032 327,326
Goodwill 47,820 47,820
Other assets 3,707 3,618
Deferred income taxes   2,788
Total assets 772,338 860,929
Current liabilities:    
Current portion of long-term debt 221 221
Accounts payable 4,951 5,993
Accrued payroll, payroll taxes and related benefits 181,406 174,168
Current operating lease liabilities 7,244 6,671
Other accrued liabilities 6,553 8,846
Workers' compensation claims liabilities 89,868 118,273
Safety incentives liability 25,767 27,950
Total current liabilities 316,010 342,122
Long-term workers' compensation claims liabilities 246,636 320,713
Long-term debt 3,620 3,730
Deferred income taxes 2,685  
Long-term operating lease liabilities 18,630 17,883
Customer deposits and other long-term liabilities 4,869 4,682
Total liabilities 592,450 689,130
Commitments and contingencies (Notes 4 and 6)
Stockholders' equity:    
Common stock, $.01 par value; 20,500 shares authorized, 7,598 and 7,514 shares issued and outstanding 76 75
Additional paid-in capital 23,421 20,227
Accumulated other comprehensive income 6,961 2,819
Retained earnings 149,430 148,678
Total stockholders' equity 179,888 171,799
Total liabilities and stockholders' equity $ 772,338 $ 860,929