Income Statement

v3.22.1
Condensed Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Revenues:    
Total revenues $ 246,375 $ 218,445
Cost of revenues:    
Total cost of revenues 206,022 187,580
Gross margin 40,353 30,865
Selling, general and administrative expenses 40,165 37,107
Depreciation and amortization 1,508 1,297
Loss from operations (1,320) (7,539)
Other income (expense):    
Investment income, net 1,638 1,769
Interest expense (34) (308)
Other, net 32 9
Other income, net 1,636 1,470
Income (loss) before income taxes 316 (6,069)
Provision for (benefit from) income taxes 28 (1,515)
Net income (loss) $ 288 $ (4,554)
Basic income (loss) per common share $ 0.04 $ (0.60)
Weighted average number of basic common shares outstanding 7,406 7,576
Diluted income (loss) per common share $ 0.04 $ (0.60)
Weighted average number of diluted common shares outstanding 7,474 7,576
Professional Employer Service Fees [Member]    
Revenues:    
Total revenues $ 217,433 $ 193,819
Staffing Services [Member]    
Revenues:    
Total revenues 28,942 24,626
Direct Payroll Costs [Member]    
Cost of revenues:    
Total cost of revenues 21,921 18,450
Payroll Taxes and Benefits [Member]    
Cost of revenues:    
Total cost of revenues 135,865 122,783
Workers' Compensation [Member]    
Cost of revenues:    
Total cost of revenues $ 48,236 $ 46,347

Source