$BBSI
BARRETT BUSINESS SERVICES INC

2024 Q4 Form 10-Q Financial Statement

#000095017024122511 Filed on November 07, 2024

View on sec.gov

Income Statement

Concept 2024 Q4 2024 Q3
Revenue $294.3M
YoY Change 7.66%
Cost Of Revenue $219.9M
YoY Change 7.25%
Gross Profit $74.41M
YoY Change 8.9%
Gross Profit Margin 25.29%
Selling, General & Admin $49.06M
YoY Change 11.1%
% of Gross Profit 65.93%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $1.899M
YoY Change -0.05%
% of Gross Profit 2.55%
Operating Expenses $49.06M
YoY Change 11.1%
Operating Profit $23.45M
YoY Change 5.16%
Interest Expense $2.220M
YoY Change 2675.0%
% of Operating Profit 9.47%
Other Income/Expense, Net $2.251M
YoY Change -5.02%
Pretax Income $25.70M
YoY Change 4.18%
Income Tax $6.076M
% Of Pretax Income 23.64%
Net Earnings $19.63M
YoY Change 7.73%
Net Earnings / Revenue 6.67%
Basic Earnings Per Share $0.75
Diluted Earnings Per Share $0.74
COMMON SHARES
Basic Shares Outstanding 25.94M 26.14M
Diluted Shares Outstanding 26.62M

Balance Sheet

Concept 2024 Q4 2024 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $94.36M
YoY Change -26.98%
Cash & Equivalents $14.43M
Short-Term Investments $79.93M
Other Short-Term Assets $101.8M
YoY Change 9.44%
Inventory
Prepaid Expenses
Receivables $253.7M
Other Receivables $2.796M
Total Short-Term Assets $452.7M
YoY Change 5.9%
LONG-TERM ASSETS
Property, Plant & Equipment $55.63M
YoY Change 14.29%
Goodwill $47.82M
YoY Change 0.0%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $5.995M
YoY Change 59.23%
Total Long-Term Assets $273.1M
YoY Change 4.01%
TOTAL ASSETS
Total Short-Term Assets $452.7M
Total Long-Term Assets $273.1M
Total Assets $725.8M
YoY Change 5.18%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $4.222M
YoY Change -19.86%
Accrued Expenses $327.9M
YoY Change 4.19%
Deferred Revenue
YoY Change
Short-Term Debt $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $344.9M
YoY Change 1.11%
LONG-TERM LIABILITIES
Long-Term Debt $0.00
YoY Change
Other Long-Term Liabilities $165.5M
YoY Change -1.78%
Total Long-Term Liabilities $165.5M
YoY Change -1.78%
TOTAL LIABILITIES
Total Short-Term Liabilities $344.9M
Total Long-Term Liabilities $165.5M
Total Liabilities $510.4M
YoY Change 0.16%
SHAREHOLDERS EQUITY
Retained Earnings $192.0M
YoY Change 9.6%
Common Stock $38.90M
YoY Change 11.42%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $215.4M
YoY Change
Total Liabilities & Shareholders Equity $725.8M
YoY Change 5.18%

Cashflow Statement

Concept 2024 Q4 2024 Q3
OPERATING ACTIVITIES
Net Income $19.63M
YoY Change 7.73%
Depreciation, Depletion And Amortization $1.899M
YoY Change -0.05%
Cash From Operating Activities -$935.0K
YoY Change -102.82%
INVESTING ACTIVITIES
Capital Expenditures $3.292M
YoY Change 43.13%
Acquisitions
YoY Change
Other Investing Activities -$24.69M
YoY Change 180.59%
Cash From Investing Activities -$27.98M
YoY Change 152.11%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -12.36M
YoY Change -12.94%
NET CHANGE
Cash From Operating Activities -935.0K
Cash From Investing Activities -27.98M
Cash From Financing Activities -12.36M
Net Change In Cash -41.28M
YoY Change -622.54%
FREE CASH FLOW
Cash From Operating Activities -$935.0K
Capital Expenditures $3.292M
Free Cash Flow -$4.227M
YoY Change -113.68%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
dei Amendment Flag
AmendmentFlag
false
CY2024Q3 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false
CY2024Q3 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q3
CY2024Q3 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2024Q3 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Entity Central Index Key
EntityCentralIndexKey
0000902791
CY2024Q3 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
CY2023Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
us-gaap Stockholders Equity Note Stock Split Conversion Ratio1
StockholdersEquityNoteStockSplitConversionRatio1
0.25
us-gaap Stockholders Equity Note Stock Split Conversion Ratio1
StockholdersEquityNoteStockSplitConversionRatio1
0.25
us-gaap Stockholders Equity Note Stock Split Conversion Ratio1
StockholdersEquityNoteStockSplitConversionRatio1
0.25
us-gaap Stockholders Equity Note Stock Split Conversion Ratio1
StockholdersEquityNoteStockSplitConversionRatio1
0.25
CY2024Q2 us-gaap Stockholders Equity Note Stock Split Conversion Ratio1
StockholdersEquityNoteStockSplitConversionRatio1
0.25
CY2024Q3 us-gaap Investment Type Extensible Enumeration
InvestmentTypeExtensibleEnumeration
http://fasb.org/us-gaap/2024#MortgageBackedSecuritiesMember
CY2023Q4 us-gaap Investment Type Extensible Enumeration
InvestmentTypeExtensibleEnumeration
http://fasb.org/us-gaap/2024#MortgageBackedSecuritiesMember
dei Document Type
DocumentType
10-Q
dei Document Quarterly Report
DocumentQuarterlyReport
true
dei Document Period End Date
DocumentPeriodEndDate
2024-09-30
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2024
dei Document Transition Report
DocumentTransitionReport
false
dei Entity File Number
EntityFileNumber
0-21886
dei Entity Registrant Name
EntityRegistrantName
BARRETT BUSINESS SERVICES, INC.
dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
MD
dei Entity Tax Identification Number
EntityTaxIdentificationNumber
52-0812977
dei Entity Address Address Line1
EntityAddressAddressLine1
8100 NE Parkway Drive
dei Entity Address Address Line2
EntityAddressAddressLine2
Suite 200
dei Entity Address City Or Town
EntityAddressCityOrTown
Vancouver
dei Entity Address State Or Province
EntityAddressStateOrProvince
WA
dei Entity Address Postal Zip Code
EntityAddressPostalZipCode
98662
dei City Area Code
CityAreaCode
360
dei Local Phone Number
LocalPhoneNumber
828-0700
dei Security12b Title
Security12bTitle
Common Stock, Par Value $0.01 Per Share
dei Trading Symbol
TradingSymbol
BBSI
dei Security Exchange Name
SecurityExchangeName
NASDAQ
dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
dei Entity Interactive Data Current
EntityInteractiveDataCurrent
Yes
dei Entity Filer Category
EntityFilerCategory
Accelerated Filer
dei Entity Small Business
EntitySmallBusiness
false
dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
false
dei Entity Shell Company
EntityShellCompany
false
CY2024Q4 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
25937049
CY2024Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
14429000
CY2023Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
71168000
CY2024Q3 us-gaap Available For Sale Securities Debt Securities Current
AvailableForSaleSecuritiesDebtSecuritiesCurrent
79934000
CY2023Q4 us-gaap Available For Sale Securities Debt Securities Current
AvailableForSaleSecuritiesDebtSecuritiesCurrent
81027000
CY2024Q3 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
253749000
CY2023Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
171407000
CY2024Q3 us-gaap Income Taxes Receivable
IncomeTaxesReceivable
2796000
CY2023Q4 us-gaap Income Taxes Receivable
IncomeTaxesReceivable
7987000
CY2024Q3 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
18768000
CY2023Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
18443000
CY2024Q3 us-gaap Restricted Cash And Investments Current
RestrictedCashAndInvestmentsCurrent
83009000
CY2023Q4 us-gaap Restricted Cash And Investments Current
RestrictedCashAndInvestmentsCurrent
97470000
CY2024Q3 us-gaap Assets Current
AssetsCurrent
452685000
CY2023Q4 us-gaap Assets Current
AssetsCurrent
447502000
CY2024Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
55633000
CY2023Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
50295000
CY2024Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
20595000
CY2023Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
19898000
CY2024Q3 us-gaap Restricted Cash And Investments Noncurrent
RestrictedCashAndInvestmentsNoncurrent
140834000
CY2023Q4 us-gaap Restricted Cash And Investments Noncurrent
RestrictedCashAndInvestmentsNoncurrent
145583000
CY2024Q3 us-gaap Goodwill
Goodwill
47820000
CY2023Q4 us-gaap Goodwill
Goodwill
47820000
CY2024Q3 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
5995000
CY2023Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
6222000
CY2024Q3 us-gaap Deferred Income Tax Assets Net
DeferredIncomeTaxAssetsNet
2206000
CY2023Q4 us-gaap Deferred Income Tax Assets Net
DeferredIncomeTaxAssetsNet
4218000
CY2024Q3 us-gaap Assets
Assets
725768000
CY2023Q4 us-gaap Assets
Assets
721538000
CY2024Q3 us-gaap Accounts Payable Current
AccountsPayableCurrent
4222000
CY2023Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
6593000
CY2024Q3 bbsi Accrued Payroll Payroll Taxes And Related Benefits Liabilities Current
AccruedPayrollPayrollTaxesAndRelatedBenefitsLiabilitiesCurrent
268831000
CY2023Q4 bbsi Accrued Payroll Payroll Taxes And Related Benefits Liabilities Current
AccruedPayrollPayrollTaxesAndRelatedBenefitsLiabilitiesCurrent
234080000
CY2024Q3 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
6304000
CY2023Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
6623000
CY2024Q3 bbsi Current Premium Payable
CurrentPremiumPayable
12778000
CY2023Q4 bbsi Current Premium Payable
CurrentPremiumPayable
35276000
CY2024Q3 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
10453000
CY2023Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
10674000
CY2024Q3 us-gaap Workers Compensation Liability Current
WorkersCompensationLiabilityCurrent
42291000
CY2023Q4 us-gaap Workers Compensation Liability Current
WorkersCompensationLiabilityCurrent
50006000
CY2024Q3 us-gaap Liabilities Current
LiabilitiesCurrent
344879000
CY2023Q4 us-gaap Liabilities Current
LiabilitiesCurrent
343252000
CY2024Q3 us-gaap Workers Compensation Liability Noncurrent
WorkersCompensationLiabilityNoncurrent
94512000
CY2023Q4 us-gaap Workers Compensation Liability Noncurrent
WorkersCompensationLiabilityNoncurrent
117757000
CY2024Q3 bbsi Long Term Premium Payable
LongTermPremiumPayable
44621000
CY2023Q4 bbsi Long Term Premium Payable
LongTermPremiumPayable
37812000
CY2024Q3 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
15416000
CY2023Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
14590000
CY2024Q3 bbsi Customer Deposits And Other Long Term Liabilities
CustomerDepositsAndOtherLongTermLiabilities
10954000
CY2023Q4 bbsi Customer Deposits And Other Long Term Liabilities
CustomerDepositsAndOtherLongTermLiabilities
8987000
CY2024Q3 us-gaap Liabilities
Liabilities
510382000
CY2023Q4 us-gaap Liabilities
Liabilities
522398000
CY2024Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2023Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2024Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
82000000
CY2023Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
82000000
CY2024Q3 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
25937000
CY2024Q3 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
25937000
CY2023Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
26290000
CY2023Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
26290000
CY2024Q3 us-gaap Common Stock Value
CommonStockValue
259000
CY2023Q4 us-gaap Common Stock Value
CommonStockValue
263000
CY2024Q3 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
38640000
CY2023Q4 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
36743000
CY2024Q3 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-15536000
CY2023Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-20801000
CY2024Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
192023000
CY2023Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
182935000
CY2024Q3 us-gaap Stockholders Equity
StockholdersEquity
215386000
CY2023Q4 us-gaap Stockholders Equity
StockholdersEquity
199140000
CY2024Q3 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
725768000
CY2023Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
721538000
CY2024Q3 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
294278000
CY2023Q3 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
273328000
us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
839711000
us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
792625000
CY2024Q3 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
219866000
CY2023Q3 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
204999000
us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
657835000
us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
615706000
CY2024Q3 us-gaap Gross Profit
GrossProfit
74412000
CY2023Q3 us-gaap Gross Profit
GrossProfit
68329000
us-gaap Gross Profit
GrossProfit
181876000
us-gaap Gross Profit
GrossProfit
176919000
CY2024Q3 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
49060000
CY2023Q3 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
44160000
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
137051000
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
129194000
CY2024Q3 us-gaap Depreciation And Amortization
DepreciationAndAmortization
1899000
CY2023Q3 us-gaap Depreciation And Amortization
DepreciationAndAmortization
1867000
us-gaap Depreciation And Amortization
DepreciationAndAmortization
5663000
us-gaap Depreciation And Amortization
DepreciationAndAmortization
5273000
CY2024Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
23453000
CY2023Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
22302000
us-gaap Operating Income Loss
OperatingIncomeLoss
39162000
us-gaap Operating Income Loss
OperatingIncomeLoss
42452000
CY2024Q3 us-gaap Investment Income Net
InvestmentIncomeNet
2265000
CY2023Q3 us-gaap Investment Income Net
InvestmentIncomeNet
2412000
us-gaap Investment Income Net
InvestmentIncomeNet
8608000
us-gaap Investment Income Net
InvestmentIncomeNet
6856000
CY2024Q3 us-gaap Interest Expense Nonoperating
InterestExpenseNonoperating
45000
CY2023Q3 us-gaap Interest Expense Nonoperating
InterestExpenseNonoperating
80000
us-gaap Interest Expense Nonoperating
InterestExpenseNonoperating
133000
us-gaap Interest Expense Nonoperating
InterestExpenseNonoperating
118000
CY2024Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
31000
CY2023Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
38000
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
124000
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
93000
CY2024Q3 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
2251000
CY2023Q3 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
2370000
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
8599000
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
6831000
CY2024Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
25704000
CY2023Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
24672000
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
47761000
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
49283000
CY2024Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
6076000
CY2023Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
6453000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
11568000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
13229000
CY2024Q3 us-gaap Net Income Loss
NetIncomeLoss
19628000
CY2023Q3 us-gaap Net Income Loss
NetIncomeLoss
18219000
us-gaap Net Income Loss
NetIncomeLoss
36193000
us-gaap Net Income Loss
NetIncomeLoss
36054000
CY2024Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.75
CY2023Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.68
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.38
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.33
CY2024Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
26052000
CY2023Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
26795000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
26133000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
27088000
CY2024Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.74
CY2023Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.67
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.35
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.31
CY2024Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
26620000
CY2023Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
27182000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
26736000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
27541000
CY2024Q3 us-gaap Net Income Loss
NetIncomeLoss
19628000
CY2023Q3 us-gaap Net Income Loss
NetIncomeLoss
18219000
CY2024Q3 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
2600000
CY2023Q3 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
-1417000
CY2024Q3 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
6804000
CY2023Q3 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
-3707000
CY2024Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
26432000
CY2023Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
14512000
us-gaap Net Income Loss
NetIncomeLoss
36193000
us-gaap Net Income Loss
NetIncomeLoss
36054000
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
2012000
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
-796000
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
5265000
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
-2083000
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
41458000
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
33971000
CY2023Q4 us-gaap Stockholders Equity
StockholdersEquity
199140000
CY2024Q1 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
376000
CY2024Q1 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
1456000
CY2024Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
2187000
CY2024Q1 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
7056000
CY2024Q1 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.075
CY2024Q1 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
1970000
CY2024Q1 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
-1496000
CY2024Q1 us-gaap Net Income Loss
NetIncomeLoss
-136000
CY2024Q1 us-gaap Stockholders Equity
StockholdersEquity
189589000
CY2024Q2 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
7000
CY2024Q2 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
397000
CY2024Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
2106000
CY2024Q2 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
7047000
CY2024Q2 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.075
CY2024Q2 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
1955000
CY2024Q2 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
-43000
CY2024Q2 us-gaap Net Income Loss
NetIncomeLoss
16701000
CY2024Q2 us-gaap Stockholders Equity
StockholdersEquity
198961000
CY2024Q3 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
548000
CY2024Q3 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
2802000
CY2024Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
2355000
CY2024Q3 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
8022000
CY2024Q3 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.08
CY2024Q3 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
2086000
CY2024Q3 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
6804000
CY2024Q3 us-gaap Net Income Loss
NetIncomeLoss
19628000
CY2024Q3 us-gaap Stockholders Equity
StockholdersEquity
215386000
CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
177842000
CY2023Q1 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
339000
CY2023Q1 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
1005000
CY2023Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
1928000
CY2023Q1 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
8030000
CY2023Q1 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.075
CY2023Q1 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
2067000
CY2023Q1 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
3652000
CY2023Q1 us-gaap Net Income Loss
NetIncomeLoss
819000
CY2023Q1 us-gaap Stockholders Equity
StockholdersEquity
173478000
CY2023Q2 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
2000
CY2023Q2 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
304000
CY2023Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
1963000
CY2023Q2 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
10145000
CY2023Q2 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.075
CY2023Q2 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
2013000
CY2023Q2 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
-2028000
CY2023Q2 us-gaap Net Income Loss
NetIncomeLoss
17016000
CY2023Q2 us-gaap Stockholders Equity
StockholdersEquity
177969000
CY2023Q3 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
361000
CY2023Q3 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
1590000
CY2023Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
2136000
CY2023Q3 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
10917000
CY2023Q3 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.075
CY2023Q3 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
2025000
CY2023Q3 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
-3707000
CY2023Q3 us-gaap Net Income Loss
NetIncomeLoss
18219000
CY2023Q3 us-gaap Stockholders Equity
StockholdersEquity
180446000
us-gaap Net Income Loss
NetIncomeLoss
36193000
us-gaap Net Income Loss
NetIncomeLoss
36054000
us-gaap Depreciation And Amortization
DepreciationAndAmortization
5663000
us-gaap Depreciation And Amortization
DepreciationAndAmortization
5273000
bbsi Non Cash Operating Lease Expense
NonCashOperatingLeaseExpense
4876000
bbsi Non Cash Operating Lease Expense
NonCashOperatingLeaseExpense
5270000
bbsi Investment Accretion Amortization Net
InvestmentAccretionAmortizationNet
309000
bbsi Investment Accretion Amortization Net
InvestmentAccretionAmortizationNet
-543000
us-gaap Share Based Compensation
ShareBasedCompensation
6648000
us-gaap Share Based Compensation
ShareBasedCompensation
6027000
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
82342000
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
41379000
us-gaap Increase Decrease In Income Taxes
IncreaseDecreaseInIncomeTaxes
5191000
us-gaap Increase Decrease In Income Taxes
IncreaseDecreaseInIncomeTaxes
176000
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
325000
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-2651000
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-2371000
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-2996000
us-gaap Increase Decrease In Accrued Salaries
IncreaseDecreaseInAccruedSalaries
35026000
us-gaap Increase Decrease In Accrued Salaries
IncreaseDecreaseInAccruedSalaries
25801000
us-gaap Increase Decrease In Other Accrued Liabilities
IncreaseDecreaseInOtherAccruedLiabilities
-245000
us-gaap Increase Decrease In Other Accrued Liabilities
IncreaseDecreaseInOtherAccruedLiabilities
-6447000
bbsi Increase Decrease In Premium Payable
IncreaseDecreaseInPremiumPayable
-15689000
bbsi Increase Decrease In Premium Payable
IncreaseDecreaseInPremiumPayable
23234000
us-gaap Increase Decrease In Workers Compensation Liabilities
IncreaseDecreaseInWorkersCompensationLiabilities
-30735000
us-gaap Increase Decrease In Workers Compensation Liabilities
IncreaseDecreaseInWorkersCompensationLiabilities
-38693000
bbsi Increase Decrease In Operating Lease Liabilities
IncreaseDecreaseInOperatingLeaseLiabilities
5066000
bbsi Increase Decrease In Operating Lease Liabilities
IncreaseDecreaseInOperatingLeaseLiabilities
5274000
us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
-197000
us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
241000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-43288000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
9999000
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
11001000
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
8115000
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
117000
us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
7902000
us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
4386000
us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
10871000
us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
805000
us-gaap Payments To Acquire Restricted Investments
PaymentsToAcquireRestrictedInvestments
27542000
us-gaap Payments To Acquire Restricted Investments
PaymentsToAcquireRestrictedInvestments
20943000
bbsi Proceeds From Sales And Maturities Of Restricted Investments
ProceedsFromSalesAndMaturitiesOfRestrictedInvestments
64596000
bbsi Proceeds From Sales And Maturities Of Restricted Investments
ProceedsFromSalesAndMaturitiesOfRestrictedInvestments
14975000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
29022000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-17547000
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
415000
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
415000
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
22125000
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
29092000
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
4655000
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
2899000
us-gaap Payments Of Dividends
PaymentsOfDividends
6011000
us-gaap Payments Of Dividends
PaymentsOfDividends
6105000
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
931000
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
702000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-31860000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-37394000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-46126000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-44942000
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
74841000
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
107378000
CY2024Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
28715000
CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
62436000
us-gaap Stockholders Equity Note Stock Split
StockholdersEquityNoteStockSplit
On June 4, 2024, we amended our Charter to increase the number of authorized shares of common stock from 20,500,000 shares to 82,000,000 shares, and our Board of Directors declared a four-for-one split of the Company’s common stock effected in the form of a stock dividend (the “2024 Stock Split”). Each stockholder of record at the close of business on June 14, 2024 received a dividend of three additional shares of common stock for each then-held share, distributed after close of trading on June 21, 2024.
CY2024Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
20500000
CY2024Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
82000000
CY2024Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
bbsi Revenue Recognition Peo Service Contract Minimum Term
RevenueRecognitionPeoServiceContractMinimumTerm
P1Y
bbsi Period For Cancellation Or Termination Of Peo Service Contract
PeriodForCancellationOrTerminationOfPeoServiceContract
P30D
bbsi Payment Term For Staffing Customers
PaymentTermForStaffingCustomers
P30D
CY2024Q3 bbsi Number Of Wholly Owned Insurance Companies
NumberOfWhollyOwnedInsuranceCompanies
2
bbsi Cash And Cash Equivalents Maximum Maturity Period
CashAndCashEquivalentsMaximumMaturityPeriod
P3M
CY2024Q3 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
900000
CY2023Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
900000
us-gaap Income Taxes Paid
IncomeTaxesPaid
8000000
us-gaap Income Taxes Paid
IncomeTaxesPaid
13000000
CY2024Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
14429000
CY2023Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
71168000
CY2023Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
41579000
CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
91423000
CY2024Q3 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
14286000
CY2023Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
3673000
CY2023Q3 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
20857000
CY2022Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
15955000
CY2024Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
28715000
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
74841000
CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
62436000
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
107378000
CY2024Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
26052000
CY2023Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
26795000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
26133000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
27088000
CY2024Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
568000
CY2023Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
387000
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
603000
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
453000
CY2024Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
26620000
CY2023Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
27182000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
26736000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
27541000
us-gaap Use Of Estimates
UseOfEstimates
<p style="font-size:10pt;margin-top:18pt;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="color:#000000;white-space:pre-wrap;font-weight:bold;font-size:10pt;font-family:Arial;min-width:fit-content;">Accounting estimates</span></p><p style="font-size:10pt;margin-top:6pt;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Arial;min-width:fit-content;">The preparation of our condensed consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions. These affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the condensed consolidated financial statements, and the reported amounts of revenues and expenses during the reporting periods. Management bases its estimates on historical experience and on various other assumptions that are believed to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities that are not readily apparent from other sources. Estimates are used for fair value measurement of investments, allowance for expected credit losses, deferred income taxes, carrying values for goodwill and property, equipment and software, and accrued workers’ compensation liabilities. Actual results may or may not differ from such estimates.</span></p>
us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<p style="font-size:10pt;margin-top:18pt;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="color:#000000;white-space:pre-wrap;font-weight:bold;font-size:10pt;font-family:Arial;min-width:fit-content;">Reclassifications</span></p><p style="font-size:10pt;margin-top:6pt;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Arial;min-width:fit-content;">To conform to the current period’s presentation, safety incentives liability of $</span><span style="font-size:10pt;font-family:Arial;color:#000000;white-space:pre-wrap;min-width:fit-content;">1.3</span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Arial;min-width:fit-content;"> million was reclassified to other accrued liabilities in the prior period condensed consolidated balance sheets, and net cash outflows related to safety incentives liability of $</span><span style="font-size:10pt;font-family:Arial;color:#000000;white-space:pre-wrap;min-width:fit-content;">0.6</span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Arial;min-width:fit-content;"> million was reclassified to other accrued liabilities in the prior period condensed consolidated statements of cash flows.</span></p><p style="font-size:10pt;margin-top:6pt;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Arial;min-width:fit-content;">All share and per share amounts presented herein have been retroactively adjusted to reflect the impact of the 2024 Stock Split. To conform to the current period’s presentation, additional paid-in-capital of $</span><span style="font-size:10pt;font-family:Arial;color:#000000;white-space:pre-wrap;min-width:fit-content;">0.2</span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Arial;min-width:fit-content;"> million was reclassified to common stock in the prior period condensed consolidated balance sheets.</span></p>
CY2023Q4 us-gaap Prior Period Reclassification Adjustment
PriorPeriodReclassificationAdjustment
1300000
us-gaap Prior Period Reclassification Adjustment
PriorPeriodReclassificationAdjustment
600000
CY2023 us-gaap Prior Period Reclassification Adjustment
PriorPeriodReclassificationAdjustment
200000
CY2024Q3 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
326720000
CY2024Q3 us-gaap Debt Securities Available For Sale Accumulated Gross Unrealized Gain Loss Before Tax
DebtSecuritiesAvailableForSaleAccumulatedGrossUnrealizedGainLossBeforeTax
-21474000
CY2024Q3 us-gaap Marketable Securities
MarketableSecurities
305246000
CY2023Q4 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
368753000
CY2023Q4 us-gaap Debt Securities Available For Sale Accumulated Gross Unrealized Gain Loss Before Tax
DebtSecuritiesAvailableForSaleAccumulatedGrossUnrealizedGainLossBeforeTax
-28751000
CY2023Q4 us-gaap Marketable Securities
MarketableSecurities
340002000
CY2024Q3 us-gaap Restricted Cash
RestrictedCash
3400000
CY2023Q4 us-gaap Restricted Cash
RestrictedCash
3600000
CY2024Q3 us-gaap Available For Sale Securities Debt Maturities Within One Year Fair Value
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValue
54671000
CY2024Q3 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue
141342000
CY2024Q3 us-gaap Available For Sale Securities Debt Maturities After Five Through Ten Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsFairValue
49125000
CY2024Q3 us-gaap Available For Sale Securities Debt Maturities After Ten Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterTenYearsFairValue
1497000
CY2024Q3 us-gaap Available For Sale Securities Debt Maturities Single Maturity Date
AvailableForSaleSecuritiesDebtMaturitiesSingleMaturityDate
246635000
CY2023Q4 us-gaap Available For Sale Securities Debt Maturities Within One Year Fair Value
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValue
84724000
CY2023Q4 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue
128254000
CY2023Q4 us-gaap Available For Sale Securities Debt Maturities After Five Through Ten Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsFairValue
69126000
CY2023Q4 us-gaap Available For Sale Securities Debt Maturities After Ten Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterTenYearsFairValue
1466000
CY2023Q4 us-gaap Available For Sale Securities Debt Maturities Single Maturity Date
AvailableForSaleSecuritiesDebtMaturitiesSingleMaturityDate
283570000
bbsi Debt Securities Available For Sale Average Contractual Maturity Period
DebtSecuritiesAvailableForSaleAverageContractualMaturityPeriod
P22Y
CY2023 bbsi Debt Securities Available For Sale Average Contractual Maturity Period
DebtSecuritiesAvailableForSaleAverageContractualMaturityPeriod
P23Y
CY2024Q2 us-gaap Workers Compensation Liability Current And Noncurrent
WorkersCompensationLiabilityCurrentAndNoncurrent
149630000
CY2023Q2 us-gaap Workers Compensation Liability Current And Noncurrent
WorkersCompensationLiabilityCurrentAndNoncurrent
191823000
CY2023Q4 us-gaap Workers Compensation Liability Current And Noncurrent
WorkersCompensationLiabilityCurrentAndNoncurrent
167763000
CY2022Q4 us-gaap Workers Compensation Liability Current And Noncurrent
WorkersCompensationLiabilityCurrentAndNoncurrent
215987000
CY2024Q3 bbsi Workers Compensation Expense Accrual Claims For Current Period
WorkersCompensationExpenseAccrualClaimsForCurrentPeriod
2358000
CY2023Q3 bbsi Workers Compensation Expense Accrual Claims For Current Period
WorkersCompensationExpenseAccrualClaimsForCurrentPeriod
3792000
bbsi Workers Compensation Expense Accrual Claims For Current Period
WorkersCompensationExpenseAccrualClaimsForCurrentPeriod
9657000
bbsi Workers Compensation Expense Accrual Claims For Current Period
WorkersCompensationExpenseAccrualClaimsForCurrentPeriod
11636000
CY2024Q3 bbsi Workers Compensation Expense Adjustments Accrual Claims For Prior Periods
WorkersCompensationExpenseAdjustmentsAccrualClaimsForPriorPeriods
-4272000
CY2023Q3 bbsi Workers Compensation Expense Adjustments Accrual Claims For Prior Periods
WorkersCompensationExpenseAdjustmentsAccrualClaimsForPriorPeriods
-4098000
bbsi Workers Compensation Expense Adjustments Accrual Claims For Prior Periods
WorkersCompensationExpenseAdjustmentsAccrualClaimsForPriorPeriods
-9094000
bbsi Workers Compensation Expense Adjustments Accrual Claims For Prior Periods
WorkersCompensationExpenseAdjustmentsAccrualClaimsForPriorPeriods
-6792000
CY2024Q3 bbsi Workers Compensation Expense Accrual Claims
WorkersCompensationExpenseAccrualClaims
-1914000
CY2023Q3 bbsi Workers Compensation Expense Accrual Claims
WorkersCompensationExpenseAccrualClaims
-306000
bbsi Workers Compensation Expense Accrual Claims
WorkersCompensationExpenseAccrualClaims
563000
bbsi Workers Compensation Expense Accrual Claims
WorkersCompensationExpenseAccrualClaims
4844000
CY2024Q3 bbsi Workers Compensation Claim Payments Current Period
WorkersCompensationClaimPaymentsCurrentPeriod
1063000
CY2023Q3 bbsi Workers Compensation Claim Payments Current Period
WorkersCompensationClaimPaymentsCurrentPeriod
1240000
bbsi Workers Compensation Claim Payments Current Period
WorkersCompensationClaimPaymentsCurrentPeriod
3582000
bbsi Workers Compensation Claim Payments Current Period
WorkersCompensationClaimPaymentsCurrentPeriod
2005000
CY2024Q3 bbsi Claim Payments Prior Period
ClaimPaymentsPriorPeriod
9493000
CY2023Q3 bbsi Claim Payments Prior Period
ClaimPaymentsPriorPeriod
12244000
bbsi Claim Payments Prior Period
ClaimPaymentsPriorPeriod
27716000
bbsi Claim Payments Prior Period
ClaimPaymentsPriorPeriod
41532000
CY2024Q3 bbsi Workers Compensation Claim Payments
WorkersCompensationClaimPayments
10556000
CY2023Q3 bbsi Workers Compensation Claim Payments
WorkersCompensationClaimPayments
13484000
bbsi Workers Compensation Claim Payments
WorkersCompensationClaimPayments
31298000
bbsi Workers Compensation Claim Payments
WorkersCompensationClaimPayments
43537000
CY2024Q3 bbsi Workers Compensation Change In Claims Incurred In Excess Of Retention Limits
WorkersCompensationChangeInClaimsIncurredInExcessOfRetentionLimits
-357000
CY2023Q3 bbsi Workers Compensation Change In Claims Incurred In Excess Of Retention Limits
WorkersCompensationChangeInClaimsIncurredInExcessOfRetentionLimits
-231000
bbsi Workers Compensation Change In Claims Incurred In Excess Of Retention Limits
WorkersCompensationChangeInClaimsIncurredInExcessOfRetentionLimits
-225000
bbsi Workers Compensation Change In Claims Incurred In Excess Of Retention Limits
WorkersCompensationChangeInClaimsIncurredInExcessOfRetentionLimits
508000
CY2024Q3 us-gaap Workers Compensation Liability Current And Noncurrent
WorkersCompensationLiabilityCurrentAndNoncurrent
136803000
CY2023Q3 us-gaap Workers Compensation Liability Current And Noncurrent
WorkersCompensationLiabilityCurrentAndNoncurrent
177802000
CY2024Q3 us-gaap Workers Compensation Liability Current And Noncurrent
WorkersCompensationLiabilityCurrentAndNoncurrent
136803000
CY2023Q3 us-gaap Workers Compensation Liability Current And Noncurrent
WorkersCompensationLiabilityCurrentAndNoncurrent
177802000
bbsi Description Of Renewed Agreement
DescriptionOfRenewedAgreement
Effective July 1, 2021, the Company entered into a fully insured arrangement for its insured program, whereby third-party insurers assume substantially all risk of loss for claims incurred under the program. This fully insured arrangement has been extended annually and covers claims incurred between July 1, 2021 and June 30, 2025, with an option to renew through June 30, 2026.Each annual fully insured policy allows BBSI to participate in savings if claims develop favorably up to a maximum per policy year ranging from $20.5 million to $28.5 million, depending on the policy period. For only the policy period from July 1, 2021 to June 30 2022, BBSI can also incur additional premium up to $7.5 million if claims develop adversely. No additional premium can be charged based on claim performance for other policy years.Premiums incurred but not paid are recorded as either current or long-term premium payable on the consolidated balance sheets based on the expected timing of the payments.
bbsi Maximum Additional Premium Charged Amount If Claims Develop Adversely
MaximumAdditionalPremiumChargedAmountIfClaimsDevelopAdversely
0
bbsi Percentage Of Claims Excluded
PercentageOfClaimsExcluded
0.10
CY2024Q3 bbsi Insurance Deposit As Security For Future Payment Obligations Under Workers Compensation Program
InsuranceDepositAsSecurityForFuturePaymentObligationsUnderWorkersCompensationProgram
189300000
CY2023Q4 bbsi Insurance Deposit As Security For Future Payment Obligations Under Workers Compensation Program
InsuranceDepositAsSecurityForFuturePaymentObligationsUnderWorkersCompensationProgram
210900000
CY2024Q3 bbsi Collateral Securities Maintain To Cover Potential Workers Compensation Claims Losses
CollateralSecuritiesMaintainToCoverPotentialWorkersCompensationClaimsLosses
53900000
CY2023Q4 bbsi Collateral Securities Maintain To Cover Potential Workers Compensation Claims Losses
CollateralSecuritiesMaintainToCoverPotentialWorkersCompensationClaimsLosses
48100000
CY2024Q3 bbsi Standby Letters Of Credit And Surety Bond
StandbyLettersOfCreditAndSuretyBond
53900000
CY2024Q3 us-gaap Workers Compensation Liability Current And Noncurrent
WorkersCompensationLiabilityCurrentAndNoncurrent
136800000
CY2023Q4 us-gaap Workers Compensation Liability Current And Noncurrent
WorkersCompensationLiabilityCurrentAndNoncurrent
167800000
bbsi Workers Compensation Claims Incurred But Not Reported In Excess Of Retention Limits
WorkersCompensationClaimsIncurredButNotReportedInExcessOfRetentionLimits
5800000
CY2023 bbsi Workers Compensation Claims Incurred But Not Reported In Excess Of Retention Limits
WorkersCompensationClaimsIncurredButNotReportedInExcessOfRetentionLimits
6000000.0
us-gaap Line Of Credit Facility Commitment Fee Description
LineOfCreditFacilityCommitmentFeeDescription
The Agreement also provides for an unused commitment fee of 0.35% per year on the average daily unused amount of the revolving credit line, as well as a fee of 1.75% of the face amount of each letter of credit reserved under the line of credit.
CY2024Q3 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
0
CY2023Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
0
us-gaap Income Tax Examination Penalties Expense
IncomeTaxExaminationPenaltiesExpense
1900000
CY2024Q3 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
500000
CY2023Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
800000
CY2024Q3 us-gaap Deferred Tax Assets Operating Loss Carryforwards State And Local
DeferredTaxAssetsOperatingLossCarryforwardsStateAndLocal
0

Files In Submission

Name View Source Status
0000950170-24-122511-index-headers.html Edgar Link pending
0000950170-24-122511-index.html Edgar Link pending
0000950170-24-122511.txt Edgar Link pending
0000950170-24-122511-xbrl.zip Edgar Link pending
bbsi-20240930.htm Edgar Link pending
bbsi-20240930.xsd Edgar Link pending
bbsi-ex31_1.htm Edgar Link pending
bbsi-ex31_2.htm Edgar Link pending
bbsi-ex32.htm Edgar Link pending
Financial_Report.xlsx Edgar Link pending
MetaLinks.json Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R4.htm Edgar Link pending
R5.htm Edgar Link pending
R6.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending
bbsi-20240930_htm.xml Edgar Link completed
FilingSummary.xml Edgar Link unprocessable