Barrett business services inc (BBSI)
Balance Sheet / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Dec'10
ASSETS
Current assets:
Cash and cash equivalents

14,272

44,570

35,452

23,693

38,223

35,371

34,975

33,786

24,000

59,835

35,570

17,865

18,429

50,768

26,786

422

43,464

25,218

16,881

4,439

15,205

11,544

51,985

47,869

66,268

93,557

34,978

8,847

48,015

45,747

22,181

36,358

38,217

49,571

42,217

25,472

30,924

Investments

79,373

82,590

101,748

77,271

569

416

395

464

472

674

796

965

973

5,675

1,013

-

-

0

5,071

-

-

29,957

34,760

32,033

31,013

19,787

7,108

5,349

18,987

16,748

15,575

14,240

15,872

16,878

25,938

34,707

24,511

Trade accounts receivable, net

165,790

163,561

187,467

163,228

154,157

151,597

162,574

152,560

147,058

136,664

156,368

147,141

139,277

126,484

140,074

177,927

163,831

90,529

155,706

137,862

130,376

102,627

129,761

104,008

95,956

85,586

98,717

80,852

70,292

63,921

71,018

63,433

53,175

46,520

50,870

59,738

37,596

Income taxes receivable

2,437

1,335

-

-

-

-

-

2,329

4,747

1,686

-

-

3,078

-

0

0

4,272

1,038

0

9,194

14,131

11,947

14,296

34,803

3,059

0

2,307

5,358

7,187

-

3,432

3,432

4,033

4,133

2,356

2,356

2,356

Prepaid expenses and other

16,511

14,919

15,974

15,720

16,632

13,880

12,444

9,824

9,002

5,724

6,605

8,582

6,830

3,899

3,637

4,818

5,768

3,173

4,268

5,689

6,658

3,813

4,966

5,283

4,621

3,026

1,444

2,985

4,036

4,854

1,536

2,914

4,509

5,897

1,808

2,426

1,798

Restricted cash and investments

120,054

116,873

107,702

108,275

127,076

120,409

112,385

108,196

104,939

103,652

90,681

87,516

51,078

48,557

51,959

0

0

86,110

0

26,015

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Restricted marketable securities and workers' compensation deposits

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

48,371

40,049

-

30,850

21,343

12,533

3,776

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

Deferred income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

20,906

20,908

20,918

20,941

18,972

18,983

18,972

19,138

20,263

11,977

11,969

8,929

8,172

8,177

8,150

8,148

5,943

5,931

7,458

5,958

5,873

5,810

6,101

Total current assets

398,437

423,848

448,343

388,187

336,657

321,673

322,773

307,159

290,218

308,235

290,020

262,069

219,665

235,383

244,375

252,446

278,302

227,009

231,748

223,525

219,545

182,802

256,031

235,973

212,886

210,885

216,670

175,512

156,667

139,418

119,685

126,308

123,264

128,957

129,062

130,509

103,286

Investments

-

-

-

-

1,549

1,687

1,649

1,578

1,607

1,199

1,191

590

333

642

863

2,362

895

6,082

6,089

-

-

20,930

15,984

10,597

6,680

-

-

-

-

-

-

-

-

-

-

-

-

Marketable securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5,909

5,876

4,389

11,276

9,899

12,991

17,439

13,829

15,395

9,749

10,007

5,921

Property, equipment and software, net

34,163

31,724

29,575

27,999

25,641

24,812

26,731

26,148

25,068

24,909

26,296

27,035

26,633

26,673

25,790

23,958

23,439

22,820

22,465

22,648

22,648

22,675

22,576

21,786

21,779

20,549

20,383

19,933

19,228

18,489

16,601

15,832

15,380

16,249

14,878

14,819

15,037

Operating lease right-of-use assets

25,730

23,805

23,784

25,005

24,922

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Restricted cash and investments

346,623

327,326

311,882

335,966

370,826

348,165

333,062

314,819

302,697

291,273

281,286

259,797

272,624

252,707

245,020

10,000

10,000

187,916

88,320

88,320

114,335

114,335

20,943

20,943

12,789

12,789

-

-

-

-

-

-

-

-

-

-

-

Workers' compensation receivables for insured losses and recoveries

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,301

-

-

-

1,676

1,568

1,601

2,720

2,968

3,740

3,800

3,915

Goodwill

47,820

47,820

47,820

47,820

47,820

47,820

47,820

47,820

47,820

47,820

47,820

47,820

47,820

47,820

47,820

47,820

47,820

47,820

47,820

47,820

47,820

47,820

47,820

47,820

47,820

47,820

47,820

47,820

47,820

47,820

47,820

47,820

47,820

47,820

47,820

47,820

47,820

Restricted certificates of deposit

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

63,944

63,944

-

0

-

-

-

-

-

-

-

Restricted marketable securities and workers' compensation deposits

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

235,584

200,447

-

126,695

101,828

78,516

58,533

43,821

34,696

31,133

11,205

10,472

10,505

10,583

9,726

9,967

9,932

9,885

9,923

9,745

9,430

8,811

Other assets

3,489

3,618

3,253

3,329

3,425

3,474

3,148

3,169

15,322

3,215

3,376

3,196

20,958

9,293

15,937

4,551

4,742

5,130

4,728

4,840

4,960

5,306

3,836

3,979

4,028

1,864

3,132

3,170

3,292

1,833

3,140

3,035

3,024

1,785

3,103

3,100

3,094

Deferred income taxes

3,325

2,788

5,523

5,897

7,061

8,458

8,158

7,762

7,389

5,834

9,241

9,292

9,384

9,370

13,256

13,256

13,256

13,256

8,421

8,421

8,421

8,557

4,973

10,392

10,392

10,787

10,607

10,607

10,607

10,607

8,152

8,152

8,152

8,152

7,841

7,841

7,841

Total assets

859,587

860,929

870,180

834,203

817,901

756,089

743,341

708,455

690,121

682,485

659,230

609,799

597,417

581,888

579,805

576,721

565,645

496,777

527,865

495,029

493,858

452,401

411,011

375,794

337,115

313,322

304,353

261,329

248,866

228,861

211,772

221,967

215,922

223,097

218,097

219,485

187,884

LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
Current portion of long-term debt

221

221

221

221

221

221

221

221

221

221

221

221

4,557

221

221

7,721

19,778

19,833

34,887

27,220

25,220

25,220

220

220

220

220

220

220

220

220

-

-

-

0

-

-

-

Line of credit

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

4,532

-

-

-

0

-

-

-

Accounts payable

4,333

5,993

5,432

4,824

5,357

4,336

4,464

3,951

3,884

5,166

4,033

4,945

3,509

4,944

4,520

4,458

3,940

3,217

3,182

2,419

3,500

2,719

2,839

2,435

2,382

3,252

2,721

2,810

2,482

1,995

2,135

1,913

1,982

1,639

1,306

694

964

Accrued payroll, payroll taxes and related benefits

180,526

174,168

197,686

181,966

189,330

158,683

194,718

186,172

190,738

181,639

182,267

166,982

173,493

153,110

161,062

186,295

188,110

121,343

161,127

140,756

149,999

115,837

129,264

104,083

112,669

92,516

107,060

86,835

89,493

69,568

77,533

68,385

68,889

52,340

52,689

60,355

37,525

Income taxes payable

-

-

3,408

2,670

3,560

4,403

2,429

-

-

-

6,781

174

-

3,041

4,797

71

-

0

-

-

-

-

-

-

-

1,236

0

0

0

272

2,969

193

-

0

1,517

498

-

Current operating lease liabilities

7,046

6,671

6,448

6,381

6,299

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other accrued liabilities

7,043

8,846

13,244

15,908

17,054

20,566

8,860

8,944

8,124

9,024

7,407

7,891

6,523

7,674

10,751

4,419

6,558

6,166

2,383

4,845

6,190

6,230

5,440

3,227

2,541

313

953

636

468

306

355

350

767

300

602

806

442

Workers' compensation claims liabilities

117,894

118,273

113,623

108,289

111,156

109,319

103,527

102,539

99,861

97,673

89,601

88,431

85,481

81,339

77,683

71,785

68,115

65,581

66,448

65,388

61,830

61,064

58,017

54,040

44,383

35,841

32,068

28,115

26,084

24,541

20,839

19,670

18,627

18,718

15,599

14,850

14,768

Safety incentives liability

26,330

27,950

27,727

27,316

26,928

29,210

28,600

28,064

27,361

28,532

27,559

26,084

24,204

24,835

24,997

24,262

21,816

21,253

19,960

18,147

15,499

14,232

14,063

12,718

12,192

13,086

11,947

10,939

10,288

9,842

8,678

7,541

6,979

6,321

5,860

5,057

5,024

Total current liabilities

343,393

342,122

367,789

347,575

359,905

326,738

342,819

329,891

330,189

322,255

317,869

294,728

297,767

275,164

284,031

299,011

308,317

237,393

292,465

261,998

268,010

225,302

209,843

176,723

174,387

146,464

154,969

129,555

129,035

111,276

112,509

98,052

97,244

79,318

77,573

82,260

58,723

Long-term workers' compensation claims liabilities

327,416

320,713

316,423

322,447

311,716

304,078

295,311

288,275

279,013

265,844

255,084

241,648

240,752

231,198

214,248

205,265

197,028

190,094

181,323

173,856

169,893

164,214

162,484

162,246

84,525

76,603

63,912

56,428

51,128

46,023

39,931

35,231

32,294

30,596

25,100

23,504

21,847

Long-term workers' compensation claims liabilities for insured claims

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

858

864

1,873

1,879

2,636

2,642

2,686

Long-term debt

3,675

3,730

3,785

3,840

3,896

3,951

4,006

4,061

4,116

4,171

4,226

4,263

-

4,392

4,447

4,502

-

0

0

14,723

-

19,833

4,888

4,943

4,998

5,053

5,108

5,163

5,219

5,273

-

-

-

0

-

-

-

Long-term operating lease liabilities

19,485

17,883

17,906

19,101

19,022

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Mandatorily redeemable preferred stock, $.01 par value; 50 shares authorized; 35 and 0 shares issued and outstanding

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

34,800

34,800

-

-

-

-

Customer deposits and other long-term liabilities

4,342

4,682

4,106

3,773

3,489

2,285

1,276

1,353

1,363

1,381

1,389

1,297

1,353

1,441

1,443

1,399

1,392

1,483

1,475

1,487

1,534

1,675

1,888

1,967

1,799

1,862

1,789

1,470

1,779

1,786

1,655

1,502

1,484

1,497

1,459

1,393

1,422

Total liabilities

698,311

689,130

710,009

696,736

698,028

637,052

643,412

623,580

614,681

593,651

578,568

541,936

539,872

512,195

517,425

523,433

519,993

442,226

483,684

460,485

467,636

419,581

384,076

356,271

276,101

-

-

-

-

-

-

-

-

-

-

-

-

Commitments and contingencies (Notes 4 and 6)

-

-

-

-

-

-

0

0

0

-

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

Stockholders' equity:
Preferred stock, $.01 par value; 500 shares authorized; no shares issued and outstanding

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

0

0

0

0

0

0

0

Common stock, $.01 par value; 20,500 shares authorized, 7,505 and 7,514 shares issued and outstanding

75

75

75

74

74

74

74

73

73

73

73

73

73

72

72

72

72

72

72

72

71

71

72

72

72

72

72

71

70

70

70

70

70

99

99

101

102

Additional paid-in capital

20,925

20,227

18,259

19,265

16,768

15,437

13,674

14,827

13,830

12,311

11,183

11,420

10,549

9,638

8,749

8,301

7,620

6,964

6,416

6,173

5,165

4,410

5,605

5,798

6,203

5,781

5,456

3,666

1,580

913

595

316

0

20,943

21,690

24,452

25,164

Accumulated other comprehensive income

84

2,819

2,619

1,632

-1,411

-5,068

-7,406

-6,369

-5,394

-1,430

185

110

-23

-3

27

23

3

-31

10

4

21

-23

-18

-50

-37

-26

-16

-24

19

23

-10

9

7

-34

-126

-30

-65

Retained earnings

140,192

148,678

139,218

116,496

104,442

108,594

93,587

76,344

66,931

77,880

69,221

56,260

46,946

59,986

53,532

44,892

37,957

47,546

37,683

28,295

20,965

28,362

21,276

13,703

54,776

66,726

62,456

54,393

49,429

52,890

48,012

42,971

39,998

80,647

81,825

77,322

70,164

Total stockholders' equity

161,276

171,799

160,171

137,467

119,873

119,037

99,929

84,875

75,440

88,834

80,662

67,863

57,545

69,693

62,380

53,288

45,652

54,551

44,181

34,544

26,222

32,820

26,935

19,523

61,014

72,553

67,968

58,106

51,098

53,896

48,667

43,366

40,075

101,655

103,488

101,845

95,365

Total liabilities and stockholders' equity

859,587

860,929

870,180

834,203

817,901

756,089

743,341

708,455

690,121

682,485

659,230

609,799

597,417

581,888

579,805

576,721

565,645

496,777

527,865

495,029

493,858

452,401

411,011

375,794

337,115

313,322

304,353

261,329

248,866

228,861

211,772

221,967

215,922

223,097

218,097

219,485

187,884