| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 |
|---|---|---|---|---|---|---|---|
Operating activities | |||||||
Net Income (Loss) Attributable to Parent | |||||||
212,000 | 192,000 | 178,000 | 61,000 | 32,000 | 15,497 | 13,147 | 31,832 |
Adjustments to reconcile net income to net cash provided by operating activities: | |||||||
Depreciation and amortization | |||||||
57,000 | 46,000 | 35,000 | 39,000 | 53,000 | 84,403 | 73,838 | 31,196 |
Noncash lease expense | |||||||
16,000 | 0 | 0 | - | - | - | - | - |
Stock-based compensation | |||||||
41,000 | 44,000 | 32,000 | 26,000 | 18,000 | 10,960 | 6,113 | 4,360 |
Excess tax benefits received from equity incentive plan activity | |||||||
- | - | - | - | - | 9,663 | 15,610 | 297 |
Deferred Income Tax Expense (Benefit) | |||||||
-7,000 | 1,000 | -25,000 | 42,000 | 15,000 | 43,842 | -6,680 | 7,658 |
Amortization of (premium) discount of investments | |||||||
1,000 | 0 | 0 | - | - | - | - | - |
Accretion of workers' compensation and leases fair value adjustment | |||||||
- | - | - | - | 1,000 | 1,090 | -1,427 | -1,371 |
Changes in operating assets and liabilities: | |||||||
Accounts receivable, net | |||||||
-5,000 | -10,000 | 14,000 | 0 | - | - | - | - |
Unbilled revenue, net | |||||||
-19,000 | 14,000 | 4,000 | 79,000 | - | - | - | - |
Prepaid expenses, net | |||||||
5,000 | 9,000 | -28,000 | - | - | - | - | - |
Accounts payable and other current liabilities | |||||||
-15,000 | -8,000 | 23,000 | - | - | - | - | - |
Client deposits | |||||||
-12,000 | 4,000 | -4,000 | - | - | - | - | - |
Increase (Decrease) in Accounts Payable, Trade | |||||||
- | - | - | 11,000 | 0 | 5,212 | 976 | -150 |
Client deposits | |||||||
- | - | - | 2,000 | - | - | - | - |
Accrued wages | |||||||
40,000 | 23,000 | 26,000 | 73,000 | - | - | - | - |
Accrued health insurance costs, net | |||||||
32,000 | -16,000 | 22,000 | 16,000 | - | - | - | - |
Accrued workers' compensation costs, net | |||||||
-20,000 | -7,000 | 9,000 | 60,000 | - | - | - | - |
Payroll taxes payable and other payroll withholdings | |||||||
172,000 | -305,000 | 294,000 | - | - | - | - | - |
Operating lease liabilities | |||||||
-17,000 | 0 | 0 | - | - | - | - | - |
Restricted cash and cash equivalents | |||||||
- | - | - | - | 18,000 | 6,880 | - | -6,738 |
Prepaid income taxes | |||||||
- | - | - | - | -24,000 | 23,387 | -6,394 | - |
Prepaid expenses | |||||||
- | - | - | 45,000 | -1,000 | 7,389 | 7,723 | 1,026 |
Increase (Decrease) in Employee Related Liabilities | |||||||
- | - | - | -175,000 | - | - | - | - |
Workers' compensation collateral receivable | |||||||
- | - | - | - | -3,000 | 5,413 | -9,876 | -3,776 |
Other assets | |||||||
34,000 | 64,000 | 11,000 | -174,000 | 15,000 | -8,004 | -4,052 | -753 |
Other liabilities | |||||||
-12,000 | -1,000 | 17,000 | -9,000 | - | - | - | - |
Income tax payable/receivable | |||||||
- | - | - | - | - | - | - | -6,273 |
Accrued corporate wages and other current liabilities | |||||||
- | - | - | - | 6,000 | 7,749 | 13,186 | 1,789 |
Workers' compensation loss reserves and other non-current liabilities | |||||||
- | - | - | - | 32,000 | 29,822 | 4,149 | 1,564 |
Worksite employee related assets | |||||||
- | - | - | - | -262,000 | 862,699 | 304,265 | 75,598 |
Worksite employee related liabilities | |||||||
- | - | - | - | -261,000 | 862,931 | 310,813 | 75,591 |
Net cash (used in) provided by operating activities | |||||||
471,000 | -104,000 | 606,000 | 192,000 | 151,000 | 151,899 | 100,721 | 80,542 |
Investing activities | |||||||
Purchases of marketable securities | |||||||
- | - | - | 15,000 | 5,000 | 0 | 194,998 | 225,817 |
Purchases of marketable securities | |||||||
302,000 | 258,000 | 0 | - | 42,000 | 24,875 | - | - |
Proceeds from sale and maturity of marketable securities | |||||||
159,000 | 101,000 | 14,000 | 28,000 | 28,000 | 0 | - | - |
Purchases of restricted investments | |||||||
- | - | - | - | - | - | 7,750 | 28,497 |
Proceeds from maturity of debt securities | |||||||
- | - | - | - | - | - | 1,000 | 1,364 |
Acquisitions of property and equipment | |||||||
45,000 | 43,000 | 38,000 | 40,000 | 19,000 | 20,552 | 10,690 | 9,658 |
Net cash used in investing activities | |||||||
-188,000 | -200,000 | -24,000 | -27,000 | -38,000 | -45,427 | -212,438 | -262,608 |
Financing activities | |||||||
Repayment of notes payable and borrowings under capital leases | |||||||
- | - | - | - | - | - | 451,679 | 105,681 |
Payments of special dividend | |||||||
- | - | - | - | - | - | 357,582 | 75,353 |
Repayments under capital leases | |||||||
- | - | - | - | - | - | 778 | 825 |
Payments for Repurchase of Common Stock | |||||||
140,000 | 61,000 | 44,000 | 72,000 | 48,000 | 15,009 | 5,963 | 638 |
Proceeds from issuance of common stock on exercised options | |||||||
- | - | - | - | 7,000 | 2,193 | 7,109 | 5,391 |
Proceeds from issuance of common stock | |||||||
11,000 | 14,000 | 16,000 | 9,000 | - | 217,796 | 0 | - |
Awards effectively repurchased for required employee withholding taxes | |||||||
25,000 | 22,000 | 11,000 | 4,000 | 1,000 | 1,431 | 8,643 | - |
Proceeds from issuance of common stock on employee stock purchase plan | |||||||
- | - | - | - | 5,000 | 3,393 | 0 | - |
Proceeds from issuance of notes payable, net | |||||||
0 | 210,000 | 0 | 58,000 | 0 | 0 | 970,000 | 405,000 |
Payments for extinguishment of debt | |||||||
0 | 204,000 | 0 | 58,000 | 0 | 0 | - | - |
Repayment of debt | |||||||
22,000 | 22,000 | 38,000 | 37,000 | 45,000 | 273,856 | - | - |
Payment of debt issuance costs | |||||||
- | - | - | - | 0 | 11,060 | 25,697 | 14,001 |
Excess tax benefits received from equity incentive plan activity | |||||||
- | - | - | - | - | 9,663 | 15,610 | 297 |
Tax credit received for deductible IPO transaction costs | |||||||
- | - | - | - | 1,000 | 1,939 | 0 | - |
Net cash used in financing activities | |||||||
-176,000 | -85,000 | -77,000 | -104,000 | -81,000 | -66,372 | 142,377 | 214,190 |
Net (decrease) increase in cash and cash equivalents, unrestricted and restricted | |||||||
107,000 | -389,000 | 505,000 | 61,000 | - | - | - | - |
Supplemental disclosures of cash flow information | |||||||
Interest paid | |||||||
19,000 | 17,000 | 16,000 | 15,000 | 15,000 | 32,051 | 30,534 | 5,355 |
Income taxes paid, net | |||||||
62,000 | 49,000 | 2,000 | 39,000 | 2,000 | -3,809 | 8,070 | 19,595 |
Supplemental schedule of noncash investing and financing activities | |||||||
Payable for purchase of property and equipment | |||||||
2,000 | 3,000 | 2,000 | 1,000 | 0 | 1,290 | 1,302 | 218 |
Effect of exchange rate changes on cash and cash equivalents | |||||||
- | - | - | - | - | -115 | -53 | 5 |
Net increase (decrease) in unrestricted cash and cash equivalents | |||||||
- | - | - | - | 32,000 | 39,985 | 30,607 | 32,129 |
Net increase (decrease) in restricted cash and cash equivalents | |||||||
- | - | - | - | - | - | 6,118 | - |
Allowance for tenant improvements | |||||||
- | - | - | - | 1,000 | 0 | 0 | - |