v3.24.3
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 14,429 $ 71,168
Investments 79,934 81,027
Trade accounts receivable, net 253,749 171,407
Income taxes receivable 2,796 7,987
Prepaid expenses and other 18,768 18,443
Restricted cash and investments 83,009 97,470
Total current assets 452,685 447,502
Property, equipment and software, net 55,633 50,295
Operating lease right-of-use assets 20,595 19,898
Restricted cash and investments 140,834 145,583
Goodwill 47,820 47,820
Other assets 5,995 6,222
Deferred income taxes 2,206 4,218
Total assets 725,768 721,538
Current liabilities:    
Accounts payable 4,222 6,593
Accrued payroll, payroll taxes and related benefits 268,831 234,080
Current operating lease liabilities 6,304 6,623
Current premium payable 12,778 35,276
Other accrued liabilities 10,453 10,674
Workers' compensation claims liabilities 42,291 50,006
Total current liabilities 344,879 343,252
Long-term workers' compensation claims liabilities 94,512 117,757
Long-term premium payable 44,621 37,812
Long-term operating lease liabilities 15,416 14,590
Customer deposits and other long-term liabilities 10,954 8,987
Total liabilities 510,382 522,398
Commitments and contingencies (Notes 4 and 6)
Stockholders' equity:    
Common stock, $.01 par value; 82,000 shares authorized, 25,937 and 26,290 shares issued and outstanding [1] 259 263
Additional paid-in capital [1] 38,640 36,743
Accumulated other comprehensive loss (15,536) (20,801)
Retained earnings 192,023 182,935
Total stockholders' equity 215,386 199,140
Total liabilities and stockholders' equity $ 725,768 $ 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.

Source