Income Statement

v3.20.4
Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Revenues:      
Total revenues $ 880,824 $ 942,311 $ 940,698
Cost of revenues:      
Total cost of revenues 697,917 734,058 754,025
Gross margin 182,907 208,253 186,673
Selling, general and administrative expenses 141,916 153,879 145,465
Depreciation and amortization 4,844 3,886 4,219
Income from operations 36,147 50,488 36,989
Other income (expense):      
Investment income, net 7,977 12,520 9,077
Interest expense (1,244) (1,789) (1,052)
Other, net (284) (81) (245)
Other income, net 6,449 10,650 7,780
Income before income taxes 42,596 61,138 44,769
Provision for income taxes 8,831 12,846 6,707
Net income $ 33,765 $ 48,292 $ 38,062
Basic income per common share $ 4.46 $ 6.48 $ 5.18
Weighted average number of basic common shares outstanding 7,577 7,451 7,342
Diluted income per common share $ 4.39 $ 6.27 $ 4.98
Weighted average number of diluted common shares outstanding 7,688 7,699 7,647
Professional Employer Service Fees [Member]      
Revenues:      
Total revenues $ 777,430 $ 819,873 $ 793,399
Staffing Services [Member]      
Revenues:      
Total revenues 103,394 122,438 147,299
Direct Payroll Costs [Member]      
Cost of revenues:      
Total cost of revenues 78,380 92,455 111,443
Payroll Taxes and Benefits [Member]      
Cost of revenues:      
Total cost of revenues 418,793 429,713 407,003
Workers' Compensation [Member]      
Cost of revenues:      
Total cost of revenues $ 200,744 $ 211,890 $ 235,579

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