Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations

v3.21.1
Condensed Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Revenues:    
Total revenues $ 218,445 $ 219,104
Cost of revenues:    
Total cost of revenues 187,580 193,053
Gross margin 30,865 26,051
Selling, general and administrative expenses 37,107 32,115
Depreciation and amortization 1,297 1,000
Loss from operations (7,539) (7,064)
Other income (expense):    
Investment income, net 1,769 2,967
Interest expense (308) (235)
Other, net 9 1
Other income, net 1,470 2,733
Loss before income taxes (6,069) (4,331)
Benefit from income taxes (1,515) (924)
Net loss $ (4,554) $ (3,407)
Basic loss per common share $ (600) $ (450)
Weighted average number of basic common shares outstanding 7,576 7,521
Diluted loss per common share $ (600) $ (450)
Weighted average number of diluted common shares outstanding 7,576 7,521
Professional Employer Service Fees [Member]    
Revenues:    
Total revenues $ 193,819 $ 193,592
Staffing Services [Member]    
Revenues:    
Total revenues 24,626 25,512
Direct Payroll Costs [Member]    
Cost of revenues:    
Total cost of revenues 18,450 19,077
Payroll Taxes and Benefits [Member]    
Cost of revenues:    
Total cost of revenues 122,783 119,462
Workers' Compensation [Member]    
Cost of revenues:    
Total cost of revenues $ 46,347 $ 54,514