Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.20.2
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 61,193 $ 44,570
Investments 86,679 82,590
Trade accounts receivable, net 212,362 163,561
Income taxes receivable 1,740 1,335
Prepaid expenses and other 13,883 14,919
Restricted cash and investments 90,608 116,873
Total current assets 466,465 423,848
Property, equipment and software, net 35,148 31,724
Operating lease right-of-use assets 23,730 23,805
Restricted cash and investments 245,035 327,326
Goodwill 47,820 47,820
Other assets 5,081 3,618
Deferred income taxes   2,788
Total assets 823,279 860,929
Current liabilities:    
Current portion of long-term debt 221 221
Accounts payable 6,447 5,993
Accrued payroll, payroll taxes and related benefits 205,476 174,168
Current operating lease liabilities 7,303 6,671
Other accrued liabilities 6,603 8,846
Workers' compensation claims liabilities 96,583 118,273
Safety incentives liability 23,354 27,950
Total current liabilities 345,987 342,122
Long-term workers' compensation claims liabilities 250,765 320,713
Long-term debt 3,565 3,730
Deferred income taxes 2,947  
Long-term operating lease liabilities 17,355 17,883
Customer deposits and other long-term liabilities 5,348 4,682
Total liabilities 625,967 689,130
Commitments and contingencies (Notes 4 and 6)
Stockholders' equity:    
Common stock, $.01 par value; 20,500 shares authorized, 7,646 and 7,514 shares issued and outstanding 76 75
Additional paid-in capital 23,938 20,227
Accumulated other comprehensive income 7,649 2,819
Retained earnings 165,649 148,678
Total stockholders' equity 197,312 171,799
Total liabilities and stockholders' equity $ 823,279 $ 860,929