v3.25.3
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 47,676 $ 55,367
Investments 62,076 66,492
Trade accounts receivable, net 300,616 234,533
Income taxes receivable 326 2,662
Prepaid expenses and other 25,806 18,698
Restricted cash and investments 80,403 97,690
Total current assets 516,903 475,442
Property, equipment and software, net 63,915 56,781
Operating lease right-of-use assets 23,973 20,329
Restricted cash and investments 117,321 134,454
Goodwill 47,820 47,820
Other assets 6,097 6,205
Deferred income taxes 1,896 4,477
Total assets 777,925 745,508
Current liabilities:    
Accounts payable 5,842 6,787
Accrued payroll and related benefits 278,405 215,648
Payroll taxes payable 43,164 49,685
Current operating lease liabilities 6,945 6,231
Current premium payable 20,208 31,134
Other accrued liabilities 17,873 10,330
Workers' compensation claims liabilities 34,239 39,081
Total current liabilities 406,676 358,896
Long-term workers' compensation claims liabilities 74,945 89,365
Long-term premium payable 25,212 49,840
Long-term operating lease liabilities 18,225 15,215
Customer deposits and other long-term liabilities 12,722 10,788
Total liabilities 537,780 524,104
Commitments and contingencies (Notes 4 and 6)
Stockholders' equity:    
Common stock, $.01 par value; 82,000 shares authorized, 25,624 and 25,784 shares issued and outstanding as of September 30, 2025 and December 31, 2024, respectively 256 258
Additional paid-in capital 44,441 40,396
Accumulated other comprehensive loss (12,594) (19,245)
Retained earnings 208,042 199,995
Total stockholders' equity 240,145 221,404
Total liabilities and stockholders' equity $ 777,925 $ 745,508

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