v3.26.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 36,582 $ 95,033
Investments 55,290 62,154
Trade accounts receivable, net 293,612 248,626
Income taxes receivable   2,965
Prepaid expenses and other 29,410 18,652
Restricted cash and investments 123,119 97,210
Total current assets 538,013 524,640
Property, equipment and software, net 70,785 67,230
Operating lease right-of-use assets 24,335 23,218
Restricted cash and investments 93,801 106,216
Goodwill 47,820 47,820
Other assets 8,386 9,869
Deferred income taxes 84 74
Total assets 783,224 779,067
Current liabilities:    
Accounts payable 5,869 7,433
Accrued payroll and related benefits 263,178 237,783
Payroll taxes payable 69,311 62,463
Income taxes payable 7,337  
Current operating lease liabilities 7,169 6,969
Current premium payable 70,689 38,992
Other accrued liabilities 9,621 19,357
Workers' compensation claims liabilities 31,538 32,875
Total current liabilities 464,712 405,872
Long-term workers' compensation claims liabilities 70,272 75,709
Long-term premium payable 11,315 26,025
Long-term operating lease liabilities 18,408 17,484
Customer deposits and other long-term liabilities 12,851 12,977
Total liabilities 577,558 538,067
Commitments and contingencies (Notes 4 and 6)
Stockholders' equity:    
Common stock, $.01 par value; 82,000 shares authorized, 24,556 and 25,179 shares issued and outstanding as of March 31,2026 and December 31, 2025, respectively 246 252
Additional paid-in capital 46,902 46,121
Accumulated other comprehensive loss (11,875) (11,487)
Retained earnings 170,393 206,114
Total stockholders' equity 205,666 241,000
Total liabilities and stockholders' equity $ 783,224 $ 779,067

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