v3.25.3
Condensed Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Revenues:        
Total revenues $ 318,949 $ 294,278 $ 919,172 $ 839,711
Cost of revenues:        
Total cost of revenues 242,184 219,866 726,524 657,835
Gross margin 76,765 74,412 192,648 181,876
Selling, general and administrative expenses 49,886 49,060 142,912 137,051
Depreciation and amortization 2,097 1,899 6,093 5,663
Income from operations 24,782 23,453 43,643 39,162
Other income (expense):        
Investment income, net 1,983 2,265 6,903 8,608
Interest expense (45) (45) (133) (133)
Other, net 32 31 131 124
Other income, net 1,970 2,251 6,901 8,599
Income before income taxes 26,752 25,704 50,544 47,761
Provision for income taxes 6,133 6,076 12,492 11,568
Net income $ 20,619 $ 19,628 $ 38,052 $ 36,193
Basic income per common share $ 0.8 $ 0.75 $ 1.48 $ 1.38
Weighted average number of basic common shares outstanding 25,688 26,052 25,696 26,133
Diluted income per common share $ 0.79 $ 0.74 $ 1.45 $ 1.35
Weighted average number of diluted common shares outstanding 26,171 26,620 26,263 26,736
Professional Employer Services [Member]        
Revenues:        
Total revenues $ 299,685 $ 272,793 $ 864,781 $ 778,869
Staffing Services [Member]        
Revenues:        
Total revenues 19,264 21,485 54,391 60,842
Direct Payroll Costs [Member]        
Cost of revenues:        
Total cost of revenues 14,604 16,208 41,075 45,618
Payroll Taxes and Benefits [Member]        
Cost of revenues:        
Total cost of revenues 176,270 154,109 536,553 464,814
Workers' Compensation [Member]        
Cost of revenues:        
Total cost of revenues $ 51,310 $ 49,549 $ 148,896 $ 147,403

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