v3.25.4
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 95,033 $ 55,367
Investments 62,154 66,492
Trade accounts receivable, net 248,626 234,533
Income taxes receivable 2,965 2,662
Prepaid expenses and other 18,652 18,698
Restricted cash and investments 97,210 97,690
Total current assets 524,640 475,442
Property, equipment and software, net 67,230 56,781
Operating lease right-of-use assets 23,218 20,329
Restricted cash and investments 106,216 134,454
Goodwill 47,820 47,820
Other assets 9,869 6,205
Deferred income taxes 74 4,477
Total assets 779,067 745,508
Current liabilities:    
Accounts payable 7,433 6,787
Accrued payroll and related benefits 237,783 215,648
Payroll taxes payable 62,463 49,685
Current operating lease liabilities 6,969 6,231
Current premium payable 38,992 31,134
Other accrued liabilities 19,357 10,330
Workers' compensation claims liabilities 32,875 39,081
Total current liabilities 405,872 358,896
Long-term workers' compensation claims liabilities 75,709 89,365
Long-term premium payable 26,025 49,840
Long-term operating lease liabilities 17,484 15,215
Customer deposits and other long-term liabilities 12,977 10,788
Total liabilities 538,067 524,104
Commitments and contingencies (Notes 5, 7 and 11)
Stockholders' equity:    
Common stock, $.01 par value; 82,000 shares authorized, 25,179 and 25,784 shares issued and outstanding in 2025 and 2024, respectively 252 258
Additional paid-in capital 46,121 40,396
Accumulated other comprehensive loss (11,487) (19,245)
Retained earnings 206,114 199,995
Total stockholders' equity 241,000 221,404
Total liabilities and stockholders' equity $ 779,067 $ 745,508

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