v3.25.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 31,977 $ 55,367
Investments 67,160 66,492
Trade accounts receivable, net 261,291 234,533
Income taxes receivable 3,232 2,662
Prepaid expenses and other 29,502 18,698
Restricted cash and investments 138,490 97,690
Total current assets 531,652 475,442
Property, equipment and software, net 59,337 56,781
Operating lease right-of-use assets 22,028 20,329
Restricted cash and investments 108,303 134,454
Goodwill 47,820 47,820
Other assets 6,139 6,205
Deferred income taxes 3,288 4,477
Total assets 778,567 745,508
Current liabilities:    
Accounts payable 7,634 6,787
Accrued payroll and related benefits 230,983 215,648
Payroll taxes payable 65,042 49,685
Current operating lease liabilities 6,521 6,231
Current premium payable 80,543 31,134
Other accrued liabilities 9,600 10,330
Workers' compensation claims liabilities 37,438 39,081
Total current liabilities 437,761 358,896
Long-term workers' compensation claims liabilities 83,790 89,365
Long-term premium payable 16,354 49,840
Long-term operating lease liabilities 16,635 15,215
Customer deposits and other long-term liabilities 10,676 10,788
Total liabilities 565,216 524,104
Commitments and contingencies (Notes 4 and 6)
Stockholders' equity:    
Common stock, $.01 par value; 82,000 shares authorized, 25,678 and 25,784 shares issued and outstanding as of March 31, 2025 and December 31, 2024, respectively 257 258
Additional paid-in capital 41,108 40,396
Accumulated other comprehensive loss (16,137) (19,245)
Retained earnings 188,123 199,995
Total stockholders' equity 213,351 221,404
Total liabilities and stockholders' equity $ 778,567 $ 745,508

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