v3.26.1
Condensed Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Revenues:        
Total revenues $ 319,268 $ 307,657 $ 626,273 $ 600,223
Cost of revenues:        
Total cost of revenues 254,414 234,398 518,234 484,340
Gross margin 64,854 73,259 108,039 115,883
Selling, general and administrative expenses 47,194 48,188 94,674 93,026
Depreciation and amortization 2,257 2,038 4,430 3,996
Income from operations 15,403 23,033 8,935 18,861
Other income (expense):        
Investment income, net 1,910 2,300 3,932 4,920
Interest expense (42) (44) (84) (88)
Other, net 52 41 102 99
Other income, net 1,920 2,297 3,950 4,931
Income before income taxes 17,323 25,330 12,885 23,792
Provision for income taxes 4,453 6,876 14,818 6,359
Net income (loss) $ 12,870 $ 18,454 $ (1,933) $ 17,433
Basic income (loss) per common share $ 0.53 $ 0.72 $ (0.08) $ 0.68
Weighted average number of basic common shares outstanding 24,348 25,592 24,689 25,700
Diluted income (loss) per common share $ 0.52 $ 0.7 $ (0.08) $ 0.66
Weighted average number of diluted common shares outstanding 24,708 26,215 24,689 26,309
Professional Employer Services [Member]        
Revenues:        
Total revenues $ 304,969 $ 290,170 $ 597,966 $ 565,096
Staffing Services [Member]        
Revenues:        
Total revenues 14,299 17,487 28,307 35,127
Direct Payroll Costs [Member]        
Cost of revenues:        
Total cost of revenues 10,634 13,165 21,116 26,471
Payroll Taxes [Member]        
Cost of revenues:        
Total cost of revenues 158,165 155,026 332,261 324,416
Benefit Costs [Member]        
Cost of revenues:        
Total cost of revenues 28,918 18,251 56,366 35,867
Workers' Compensation [Member]        
Cost of revenues:        
Total cost of revenues $ 56,697 $ 47,956 $ 108,491 $ 97,586

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