| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 |
|---|---|---|---|---|---|---|---|---|---|---|---|
Cash flows from operating activities | |||||||||||
Net income | |||||||||||
151,099 | 135,413 | 84,402 | 65,991 | 39,390 | 28,004 | 32,032 | 40,402 | 30,470 | 22,440 | 16,574 | 45,780 |
Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||||
Impairment charges and other | |||||||||||
- | - | - | - | 10,480 | 3,687 | 6,021 | 4,191 | - | - | - | - |
Depreciation and amortization | |||||||||||
28,723 | 22,842 | 18,182 | 16,644 | 18,565 | 21,387 | 21,064 | 18,250 | 15,218 | 14,950 | 16,561 | 15,541 |
Goodwill and Intangible Asset Impairment | |||||||||||
- | - | - | - | - | - | - | - | - | 0 | - | - |
Loss on exchange of assets | |||||||||||
- | - | - | - | - | - | - | - | -4,408 | 0 | 0 | - |
Impairment charge | |||||||||||
- | - | - | - | - | - | - | - | 0 | - | - | - |
Amortization of marketable securities | |||||||||||
486 | -137 | -80 | -90 | -836 | -1,891 | -2,119 | -2,295 | -2,172 | -1,650 | 0 | 0 |
Stock-based compensation | |||||||||||
24,000 | 20,400 | 24,300 | 16,643 | 13,345 | 11,053 | 11,103 | 9,814 | 8,601 | 8,126 | 10,064 | 9,970 |
Deferred income taxes | |||||||||||
4,860 | -4,533 | 9,742 | 2,951 | -14,733 | -1,733 | -2,288 | -5,743 | -46 | 1,179 | -4,397 | 5,363 |
Changes in operating assets and liabilities: | |||||||||||
Restricted cash | |||||||||||
- | - | - | - | -6,622 | -7,888 | 4,779 | 2,412 | 3,533 | 4,768 | -30 | 1,148 |
Accounts receivable | |||||||||||
65,156 | 66,642 | 63,697 | 69,619 | 25,549 | -34,893 | 19,623 | 19,453 | 28,826 | 18,874 | -2,501 | -9,741 |
Prepaid insurance | |||||||||||
2,007 | -2,371 | -4,259 | 7,624 | -13,884 | 10,663 | -4,982 | -5,680 | -3,678 | 10,494 | -14,427 | 6,516 |
Other current assets | |||||||||||
15,772 | 730 | 7,465 | 2,391 | -514 | 5,596 | 2,402 | -1,837 | 2,862 | 2,141 | -418 | 462 |
Other assets | |||||||||||
3,023 | 2,005 | 2,496 | 1,465 | 22,069 | 32,013 | 18,091 | 12,991 | 652 | -4,180 | -698 | 4,722 |
Accounts payable | |||||||||||
-6,057 | 4,175 | 2,258 | -1,192 | 707 | 1,996 | -982 | -1,425 | 1,776 | 1,136 | -1,150 | -2,229 |
Payroll taxes and other payroll deductions payable | |||||||||||
16,082 | -42,081 | 55,481 | 42,373 | 29,052 | 10,737 | -12,930 | 9,922 | 23,556 | 17,499 | 3,931 | 9,737 |
Accrued worksite employee payroll expense | |||||||||||
71,880 | 62,577 | 52,188 | - | - | - | - | - | - | - | - | - |
Accrued health insurance costs | |||||||||||
-13,973 | 9,078 | -285 | 12,717 | -4,686 | 13,226 | -8,839 | 4,515 | -5,992 | 9,045 | -8,341 | -4,582 |
Accrued workers’ compensation costs | |||||||||||
13,247 | 23,763 | 23,945 | 21,723 | 26,159 | 15,805 | 7,815 | 7,418 | 8,791 | 8,748 | 4,446 | 8,351 |
Accrued corporate payroll, commissions and other accrued liabilities | |||||||||||
6,359 | 8,941 | 17,138 | 53,297 | -30,479 | 18,595 | 23,731 | 19,753 | 20,620 | 16,559 | -36,816 | 19,548 |
Accrued corporate payroll, commissions and other accrued liabilities | |||||||||||
- | - | - | 3,150 | 4,105 | 18,517 | 556 | 2,353 | -1,871 | 9,556 | -10,188 | 6,249 |
Income taxes payable/receivable | |||||||||||
-4,616 | 10,749 | -4,875 | -7,920 | -1,060 | 4,039 | -4,825 | 6,392 | -1,597 | 49 | -7,927 | 7,169 |
Total adjustments | |||||||||||
54,054 | 49,067 | 128,800 | 79,377 | 25,693 | 113,709 | 2,632 | 50,396 | 43,441 | 56,400 | -15,743 | 72,010 |
Net cash provided by operating activities | |||||||||||
205,153 | 184,480 | 213,202 | 145,368 | 65,083 | 141,713 | 34,664 | 90,798 | 73,911 | 78,840 | 831 | 117,790 |
Cash flows from investing activities | |||||||||||
Marketable securities: | |||||||||||
Purchases | |||||||||||
110,131 | 87,887 | 1,752 | 1,049 | 10,558 | 69,578 | 54,756 | 30,680 | 51,397 | 60,003 | 6,039 | 0 |
Proceeds from dispositions | |||||||||||
28,313 | 16,299 | 0 | 7,268 | 17,869 | 56,880 | 8,026 | 35,891 | 3,907 | 2,748 | 0 | 70,746 |
Proceeds from maturities | |||||||||||
108,380 | 12,625 | 1,561 | 1,715 | 10,593 | 28,494 | 15,201 | 32,619 | 31,706 | 18,301 | 225 | 3,895 |
Investments and acquisitions, net of cash acquired | |||||||||||
- | - | - | - | - | - | - | 2,410 | 14,555 | 12,918 | 720 | - |
Property and equipment: | |||||||||||
Cash exchanged for acquisitions | |||||||||||
- | - | - | - | - | - | - | - | - | - | - | 3,780 |
Purchases | |||||||||||
56,307 | 35,328 | 33,337 | 33,994 | 17,844 | 19,124 | 11,562 | 17,631 | 31,440 | 6,764 | 8,019 | 26,714 |
Proceeds from sale of aircraft | |||||||||||
- | - | - | - | 12,159 | 0 | 0 | - | - | - | - | - |
Proceeds from dispositions | |||||||||||
21 | 151 | 278 | 43 | 153 | 122 | 57 | 69 | 82 | 54 | 36 | 124 |
Net cash provided by (used in) investing activities | |||||||||||
-29,724 | -94,140 | -33,250 | -26,017 | 12,372 | -3,206 | -43,034 | 17,858 | -61,697 | -58,582 | -14,517 | 44,271 |
Cash flows from financing activities: | |||||||||||
Purchase of treasury stock | |||||||||||
203,043 | 113,327 | 38,735 | 31,669 | 67,113 | 20,769 | 17,229 | 13,773 | 25,079 | 7,852 | - | - |
Repurchase of common stock | |||||||||||
- | - | - | 144,263 | 0 | 0 | - | 3,162 | 0 | 0 | 2,024 | 38,082 |
Dividends paid | |||||||||||
48,622 | 33,408 | 65,768 | 20,599 | 21,153 | 69,493 | 17,386 | 42,728 | 15,742 | 13,527 | 13,272 | 12,411 |
Borrowings under long-term debt agreement | |||||||||||
125,000 | 40,000 | 0 | 124,400 | 0 | 0 | - | - | - | - | - | - |
Principal repayments | |||||||||||
- | - | - | 20,000 | 0 | 0 | - | - | - | - | - | - |
Proceeds from the exercise of stock options | |||||||||||
- | - | - | 598 | 374 | 279 | 1,448 | 2,249 | 3,956 | 7,183 | 2,838 | 3,191 |
Principal repayments on capital lease obligations | |||||||||||
- | - | - | - | - | - | - | - | - | - | 537 | 629 |
Income tax benefit from stock-based compensation | |||||||||||
- | - | - | - | 2,216 | 889 | 1,621 | 2,316 | 2,166 | 860 | 706 | 1,727 |
Other | |||||||||||
8,312 | 2,257 | 1,554 | 1,373 | 1,303 | 1,288 | 1,127 | -222 | -1,136 | 822 | 870 | 540 |
Net cash used in financing activities | |||||||||||
-118,353 | -104,478 | -102,949 | -90,160 | -84,373 | -87,806 | -30,419 | -55,320 | -35,835 | -12,514 | -11,419 | -45,664 |
Net increase in cash, cash equivalents and restricted cash | |||||||||||
57,076 | -14,138 | 77,003 | 29,191 | -6,918 | 50,701 | -38,789 | 53,336 | -23,621 | 7,744 | -25,105 | 116,397 |
Supplemental Cash Flow Information [Abstract] | |||||||||||
Income taxes, net | |||||||||||
38,299 | 40,730 | 40,872 | 44,148 | 39,806 | 16,429 | 27,191 | 24,924 | 19,782 | 13,492 | 23,694 | 11,978 |
Cash paid for interest | |||||||||||
7,421 | 4,006 | 3,257 | 2,396 | 459 | 370 | - | - | - | - | - | - |
ROU assets obtained in exchange for lease obligations | |||||||||||
24,474 | 0 | 0 | - | - | - | - | - | - | - | - | - |