v3.26.3
Condensed Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Sep. 30, 2026
Sep. 30, 2025
Revenues:        
Total revenues $ 334,062 $ 318,949 $ 960,335 $ 919,172
Cost of revenues:        
Total cost of revenues 261,391 242,184 779,625 726,524
Gross margin 72,671 76,765 180,710 192,648
Selling, general and administrative expenses 48,881 49,886 143,555 142,912
Depreciation and amortization 2,559 2,097 6,989 6,093
Income from operations 21,231 24,782 30,166 43,643
Other income (expense):        
Investment income, net 1,243 1,983 5,175 6,903
Interest expense (43) (45) (127) (133)
Other, net 102 32 204 131
Other income, net 1,302 1,970 5,252 6,901
Income before income taxes 22,533 26,752 35,418 50,544
Provision for income taxes 5,783 6,133 20,601 12,492
Net income $ 16,750 $ 20,619 $ 14,817 $ 38,052
Basic income per common share $ 0.69 $ 0.8 $ 0.6 $ 1.48
Weighted average number of basic common shares outstanding 24,135 25,688 24,505 25,696
Diluted income per common share $ 0.69 $ 0.79 $ 0.6 $ 1.45
Weighted average number of diluted common shares outstanding 24,419 26,171 24,830 26,263
Professional Employer Services [Member]        
Revenues:        
Total revenues $ 316,212 $ 299,685 $ 914,178 $ 864,781
Staffing Services [Member]        
Revenues:        
Total revenues 17,850 19,264 46,157 54,391
Direct Payroll Costs [Member]        
Cost of revenues:        
Total cost of revenues 13,624 14,604 34,740 41,075
Payroll Taxes [Member]        
Cost of revenues:        
Total cost of revenues 160,742 156,040 493,003 480,456
Benefit Costs [Member]        
Cost of revenues:        
Total cost of revenues 29,104 20,230 85,470 56,097
Workers' Compensation [Member]        
Cost of revenues:        
Total cost of revenues $ 57,921 $ 51,310 $ 166,412 $ 148,896

Source