BARRETT BUSINESS SERVICES INC BBSI Income Statement

Barrett business services inc (BBSI)

Income statement / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Sep'10	Jun'10
Revenues:
Total revenues
219,104	245,152	247,962	230,982	218,215	237,833	247,287	231,603	223,975	244,726	240,135	225,574	209,997	221,098	225,103	203,417	190,968	193,757	198,725	181,959	166,400	174,467	174,899	150,804	136,185	145,341	149,854	129,760	112,011	113,661	111,069	95,500	82,422	84,708	85,384	76,013	68,769	73,876	67,432
Cost of revenues:
Total cost of revenues
193,053	191,129	177,198	175,863	189,868	175,587	187,602	183,123	207,713	195,776	185,218	181,360	199,547	177,761	175,544	161,164	180,581	152,600	155,835	145,481	157,469	137,467	135,056	203,682	126,745	123,105	120,238	106,120	105,002	91,409	89,505	79,159	75,865	76,288	69,231	62,732	63,171	59,832	55,700
Gross margin
26,051	54,023	70,764	55,119	28,347	62,246	59,685	48,480	16,262	48,950	54,917	44,214	10,450	43,337	49,559	42,253	10,387	41,157	42,890	36,478	8,931	37,000	39,843	-52,878	9,440	22,236	29,616	23,640	7,009	22,252	21,564	16,341	6,557	8,420	16,153	13,281	5,598	14,044	11,732
Selling, general and administrative expenses
32,115	40,362	41,352	39,005	33,160	43,753	36,670	35,614	29,428	34,543	33,925	28,060	26,610	32,508	30,440	28,490	21,904	26,338	25,440	21,429	16,970	20,335	21,679	17,958	14,093	16,378	16,820	14,506	11,735	13,394	12,745	10,549	9,762	10,597	9,879	8,871	8,827	9,156	8,407
Depreciation and amortization
1,000	977	970	970	969	992	949	1,274	1,004	2,463	1,062	985	942	912	823	769	749	738	721	709	683	663	646	613	584	550	521	506	460	400	372	357	348	344	334	331	335	341	333
Loss from operations
-7,064	12,684	28,442	15,144	-5,782	17,501	22,066	11,592	-14,170	11,944	19,930	15,169	-17,102	9,917	18,296	12,994	-12,266	14,081	16,729	14,340	-8,722	16,002	17,518	-71,449	-5,237	5,308	12,275	8,628	-5,186	8,458	8,447	5,435	-3,553	-2,521	5,940	4,079	-3,564	4,547	2,992
Other income (expense):
Life insurance proceeds
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	10,000	-	-
Investment income, net
2,967	3,234	2,882	3,332	3,072	2,622	2,235	2,201	2,019	1,584	1,534	1,392	158	255	194	259	248	201	254	229	87	154	61	160	168	218	206	-342	457	170	172	212	222	231	340	273	355	244	217
Interest expense
235	437	394	481	477	477	465	68	42	116	52	62	83	103	196	248	260	416	467	562	520	42	43	44	44	46	48	64	80	59	10	7	0	-	-	-	-	-	-
Loss on litigation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-3,305	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other, net
1	-93	0	0	12	-259	10	-12	16	-	32	-4	-	14	27	-5	4	-6	-3	-65	-14	-9	178	-7	-10	-7	3	1	-6	-6	-6	-9	-7	-37	-8	-7	99	344	163
Other income, net
2,733	2,704	2,488	2,851	2,607	1,886	1,780	2,121	1,993	1,522	1,514	1,326	75	-73	-3,280	6	-8	-221	-216	-398	-447	103	196	109	114	165	161	-405	371	105	156	196	215	169	332	266	10,454	588	380
Loss before income taxes
-4,331	15,388	30,930	17,995	-3,175	19,387	23,846	13,713	-12,177	13,466	21,444	16,495	-17,027	9,844	15,016	13,000	-12,274	13,860	16,513	13,942	-9,169	16,105	17,714	-71,340	-5,123	5,473	12,436	8,223	-4,815	8,563	8,603	5,631	-3,338	-2,352	6,272	4,345	6,890	5,135	3,372
Benefit from income taxes
-924	3,674	5,959	4,088	-875	2,529	4,759	2,473	-3,054	2,980	6,659	5,369	-5,800	1,797	4,783	4,478	-4,271	2,413	5,540	5,040	-3,341	7,452	8,848	-31,558	-1,840	843	3,711	2,704	-1,614	2,774	2,791	1,888	-1,125	-2,261	858	896	1,344	1,466	1,113
Net loss
-3,407	11,714	24,971	13,907	-2,300	16,858	19,087	11,240	-9,123	10,486	14,785	11,126	-11,227	8,047	10,233	8,522	-8,003	11,447	10,973	8,902	-5,828	8,653	8,866	-39,782	-3,283	4,630	8,725	5,519	-3,201	5,789	5,812	3,743	-2,213	-91	5,414	3,449	5,546	3,669	2,259
Basic loss per common share
-450.00	311.26	3.34	1.88	-310.00	2.30	2.59	1.54	-1.25	1.45	2.03	1.53	-1.55	1.12	1.41	1.18	-1.11	1.59	1.52	1.24	-0.82	1.22	1.24	-5.55	-0.46	0.65	1.22	0.78	-0.46	0.55	0.83	0.54	-0.22	0.00	0.54	0.34	0.54	0.36	0.22
Weighted average number of basic common shares outstanding
7,521	7,504	7,483	7,410	7,407	7,385	7,369	7,310	7,304	7,301	7,296	7,254	7,249	7,243	7,243	7,210	7,208	7,203	7,201	7,151	7,135	7,122	7,177	7,173	7,170	7,165	7,150	7,082	7,022	7,015	7,007	6,995	9,874	9,875	10,060	10,196	10,201	10,217	10,446
Diluted loss per common share
-450.00	311.22	3.24	1.81	-310.00	2.27	2.50	1.46	-1.25	1.45	1.96	1.47	-1.55	1.12	1.38	1.16	-1.11	1.55	1.49	1.21	-0.82	1.20	1.19	-5.55	-0.46	0.62	1.18	0.75	-0.46	0.55	0.81	0.53	-0.22	-0.01	0.54	0.34	0.54	0.36	0.22
Weighted average number of diluted common shares outstanding
7,521	7,986	7,711	7,692	7,407	7,966	7,643	7,675	7,304	7,878	7,527	7,550	7,249	7,571	7,405	7,328	7,208	7,396	7,362	7,327	7,135	7,234	7,428	7,173	7,170	7,477	7,425	7,374	7,022	7,315	7,184	7,078	9,874	10,007	10,100	10,245	10,248	10,251	10,485
Cash dividends per common share
-	-	-	-	-	-	-	-	250.00	-	0.25	0.25	0.25	-	0.22	0.22	0.22	0.22	0.22	0.22	0.22	0.22	0.18	0.18	0.18	0.18	0.13	0.13	0.13	0.13	0.11	0.11	0.11	-	0.09	0.09	-	-	-
Professional Employer Service Fees [Member]
Total revenues
193,592	212,033	214,156	203,157	190,527	200,841	206,320	197,277	188,961	200,731	197,388	187,718	172,209	176,241	177,229	165,776	154,678	153,332	152,108	139,612	127,234	129,154	126,396	112,238	102,734	108,224	108,127	94,456	82,278	79,805	74,874	65,113	56,212	53,386	50,795	45,495	40,437	39,922	35,457
Staffing Services [Member]
Total revenues
25,512	33,119	33,806	27,825	27,688	36,992	40,967	34,326	35,014	43,995	42,747	37,856	37,788	44,857	47,874	37,641	36,290	40,425	46,617	42,347	39,166	45,313	48,503	38,566	33,451	37,117	41,727	35,304	29,733	33,856	36,195	30,387	26,210	31,322	34,589	30,518	28,332	33,954	31,975
Direct Payroll Costs [Member]
Total cost of revenues
19,077	25,157	25,464	20,992	20,842	28,177	30,842	26,020	26,404	33,351	31,986	28,486	28,710	34,086	37,017	28,223	27,427	30,704	35,308	32,188	29,764	34,584	37,087	29,311	25,417	28,308	31,585	26,611	22,371	25,475	27,158	22,843	19,652	23,735	26,292	23,093	21,448	25,846	24,237
Payroll Taxes and Benefits [Member]
Total cost of revenues
119,462	108,372	104,847	101,697	114,797	84,218	100,348	98,249	124,188	100,419	94,922	93,946	115,400	88,334	82,888	82,885	103,760	77,162	75,237	71,808	88,077	67,793	64,308	58,853	72,146	56,532	55,982	51,050	58,599	44,485	42,915	39,332	42,992	32,047	30,321	28,886	31,763	24,501	22,861
Workers' Compensation [Member]
Total cost of revenues
54,514	57,600	46,887	53,174	54,229	63,192	56,412	58,854	57,121	62,006	58,310	58,928	55,437	55,341	55,639	50,056	49,394	44,734	45,290	41,485	39,628	35,090	33,661	115,518	29,182	38,265	32,671	28,459	24,032	21,449	19,432	16,984	13,221	20,506	12,618	10,753	9,960	9,485	8,602