Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.21.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 28,545 $ 68,688
Investments 114,142 101,244
Trade accounts receivable, net 207,430 118,506
Income taxes receivable 8,209 6,485
Prepaid expenses and other 14,613 15,961
Restricted cash and investments 99,183 96,991
Total current assets 472,122 407,875
Property, equipment and software, net 35,400 34,916
Operating lease right-of-use assets 23,475 23,025
Restricted cash and investments 261,020 258,153
Goodwill 47,820 47,820
Other assets 2,818 3,161
Total assets 842,655 774,950
Current liabilities:    
Current portion of long-term debt 221 221
Accounts payable 5,611 4,746
Accrued payroll, payroll taxes and related benefits 233,132 149,989
Current operating lease liabilities 8,006 7,539
Other accrued liabilities 8,292 7,275
Workers' compensation claims liabilities 103,290 102,040
Safety incentives liability 11,254 18,827
Total current liabilities 369,806 290,637
Long-term workers' compensation claims liabilities 259,373 255,706
Long-term debt 3,455 3,510
Deferred income taxes 2,511 4,518
Long-term operating lease liabilities 16,387 16,419
Customer deposits and other long-term liabilities 6,638 5,925
Total liabilities 658,170 576,715
Commitments and contingencies (Notes 4 and 6)
Stockholders' equity:    
Common stock, $.01 par value; 20,500 shares authorized, 7,554 and 7,566 shares issued and outstanding 76 76
Additional paid-in capital 26,483 24,885
Accumulated other comprehensive income 2,314 7,564
Retained earnings 155,612 165,710
Total stockholders' equity 184,485 198,235
Total liabilities and stockholders' equity $ 842,655 $ 774,950