v3.25.0.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 55,367 $ 71,168
Investments 66,492 81,027
Trade accounts receivable, net 234,533 171,407
Income taxes receivable 2,662 7,987
Prepaid expenses and other 18,698 18,443
Restricted cash and investments 97,690 97,470
Total current assets 475,442 447,502
Property, equipment and software, net 56,781 50,295
Operating lease right-of-use assets 20,329 19,898
Restricted cash and investments 134,454 145,583
Goodwill 47,820 47,820
Other assets 6,205 6,222
Deferred income taxes 4,477 4,218
Total assets 745,508 721,538
Current liabilities:    
Accounts payable 6,787 6,593
Accrued payroll and related benefits 215,648 160,930
Payroll taxes payable 49,685 73,150
Current operating lease liabilities 6,231 6,623
Current premium payable 31,134 35,276
Other accrued liabilities 10,330 10,674
Workers' compensation claims liabilities 39,081 50,006
Total current liabilities 358,896 343,252
Long-term workers' compensation claims liabilities 89,365 117,757
Long-term premium payable 49,840 37,812
Long-term operating lease liabilities 15,215 14,590
Customer deposits and other long-term liabilities 10,788 8,987
Total liabilities 524,104 522,398
Commitments and contingencies (Notes 5, 7 and 11)
Stockholders' equity:    
Common stock, $.01 par value; 82,000 shares authorized, 25,784 and 26,290 shares issued and outstanding in 2024 and 2023, respectively [1] 258 263
Additional paid-in capital 40,396 36,743
Accumulated other comprehensive loss (19,245) (20,801)
Retained earnings 199,995 182,935
Total stockholders' equity 221,404 199,140
Total liabilities and stockholders' equity $ 745,508 $ 721,538
[1] Prior period results have been adjusted to reflect the four-for-one stock split effected in the form of a stock dividend in June 2024. See the Business section in Item 1 of Part I of this report for details.

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