v3.24.2
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 40,348 $ 71,168
Investments 70,100 81,027
Trade accounts receivable, net 211,565 171,407
Income taxes receivable 1,184 7,987
Prepaid expenses and other 17,459 18,443
Restricted cash and investments 80,818 97,470
Total current assets 421,474 447,502
Property, equipment and software, net 54,240 50,295
Operating lease right-of-use assets 20,278 19,898
Restricted cash and investments 133,617 145,583
Goodwill 47,820 47,820
Other assets 6,352 6,222
Deferred income taxes 4,806 4,218
Total assets 688,587 721,538
Current liabilities:    
Accounts payable 4,396 6,593
Accrued payroll, payroll taxes and related benefits 250,630 234,080
Current operating lease liabilities 6,245 6,623
Current premium payable 16,134 35,276
Other accrued liabilities 10,496 10,674
Workers' compensation claims liabilities 44,929 50,006
Total current liabilities 332,830 343,252
Long-term workers' compensation claims liabilities 104,701 117,757
Long-term premium payable 27,127 37,812
Long-term operating lease liabilities 15,220 14,590
Customer deposits and other long-term liabilities 9,748 8,987
Total liabilities 489,626 522,398
Commitments and contingencies (Notes 4 and 6)
Stockholders' equity:    
Common stock, $.01 par value; 82,000 shares authorized, 25,949 and 26,290 shares issued and outstanding [1] 259 263
Additional paid-in capital [1] 38,882 36,743
Accumulated other comprehensive loss (22,340) (20,801)
Retained earnings 182,160 182,935
Total stockholders' equity 198,961 199,140
Total liabilities and stockholders' equity $ 688,587 $ 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 Note 1, Basis of Presentation of Interim Period Statements for details.

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