v3.26.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 27,037 $ 95,033
Investments 40,852 62,154
Trade accounts receivable, net 301,492 248,626
Income taxes receivable   2,965
Prepaid expenses and other 24,583 18,652
Restricted cash and investments 72,353 97,210
Total current assets 466,317 524,640
Property, equipment and software, net 74,031 67,230
Operating lease right-of-use assets 23,236 23,218
Restricted cash and investments 91,616 106,216
Goodwill 47,820 47,820
Other assets 8,256 9,869
Deferred income taxes (0) 74
Total assets 711,276 779,067
Current liabilities:    
Accounts payable 7,003 7,433
Accrued payroll and related benefits 272,487 237,783
Payroll taxes payable 48,462 62,463
Income taxes payable 10,565  
Current operating lease liabilities 7,238 6,969
Current premium payable 22,327 38,992
Other accrued liabilities 9,436 19,357
Workers' compensation claims liabilities 30,367 32,875
Total current liabilities 407,885 405,872
Long-term workers' compensation claims liabilities 67,539 75,709
Deferred income taxes 115  
Long-term premium payable 0 26,025
Long-term operating lease liabilities 17,259 17,484
Customer deposits and other long-term liabilities 14,698 12,977
Total liabilities 507,496 538,067
Commitments and contingencies (Notes 4 and 6)
Stockholders' equity:    
Common stock, $.01 par value; 82,000 shares authorized, 24,073 and 25,179 shares issued and outstanding as of June 30, 2026 and December 31, 2025, respectively 241 252
Additional paid-in capital 48,267 46,121
Accumulated other comprehensive loss (11,832) (11,487)
Retained earnings 167,104 206,114
Total stockholders' equity 203,780 241,000
Total liabilities and stockholders' equity $ 711,276 $ 779,067

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