$BBSI
BARRETT BUSINESS SERVICES INC

2015 Q1 Form 10-Q Financial Statement

#000119312515182058 Filed on May 11, 2015

View on sec.gov

Income Statement

Concept 2015 Q1 2014 Q1
Revenue $166.4M $136.2M
YoY Change 22.19% 21.58%
Cost Of Revenue $157.5M $126.7M
YoY Change 24.24% 20.71%
Gross Profit $8.931M $9.440M
YoY Change -5.39% 34.68%
Gross Profit Margin 5.37% 6.93%
Selling, General & Admin $16.97M $14.09M
YoY Change 20.41% 20.09%
% of Gross Profit 190.01% 149.29%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $700.0K $600.0K
YoY Change 16.67% 20.0%
% of Gross Profit 7.84% 6.36%
Operating Expenses $16.97M $14.09M
YoY Change 20.41% 20.09%
Operating Profit -$8.722M -$5.237M
YoY Change 66.55% 0.98%
Interest Expense $520.0K $44.00K
YoY Change 1081.82% -45.0%
% of Operating Profit
Other Income/Expense, Net -$447.0K $114.0K
YoY Change -492.11% -69.27%
Pretax Income -$9.169M -$5.123M
YoY Change 78.98% 6.4%
Income Tax -$3.341M -$1.840M
% Of Pretax Income
Net Earnings -$5.828M -$3.283M
YoY Change 77.52% 2.56%
Net Earnings / Revenue -3.5% -2.41%
Basic Earnings Per Share -$0.82 -$0.46
Diluted Earnings Per Share -$0.82 -$0.46
COMMON SHARES
Basic Shares Outstanding 7.135M shares 7.170M shares
Diluted Shares Outstanding 7.135M shares 7.170M shares

Balance Sheet

Concept 2015 Q1 2014 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $36.90M $97.30M
YoY Change -62.08% 45.22%
Cash & Equivalents $15.21M $66.27M
Short-Term Investments $21.70M $31.00M
Other Short-Term Assets $35.00M $13.50M
YoY Change 159.26% 10.66%
Inventory
Prepaid Expenses
Receivables $130.4M $95.96M
Other Receivables $13.60M $1.600M
Total Short-Term Assets $219.5M $212.9M
YoY Change 3.13% 35.86%
LONG-TERM ASSETS
Property, Plant & Equipment $22.65M $21.78M
YoY Change 3.99% 13.43%
Goodwill $47.82M $47.82M
YoY Change 0.0%
Intangibles
YoY Change
Long-Term Investments $6.000M $6.700M
YoY Change -10.45% -40.71%
Other Assets $4.960M $4.028M
YoY Change 23.14% -71.02%
Total Long-Term Assets $274.3M $124.2M
YoY Change 120.81% 34.74%
TOTAL ASSETS
Total Short-Term Assets $219.5M $212.9M
Total Long-Term Assets $274.3M $124.2M
Total Assets $493.9M $337.1M
YoY Change 46.5% 35.44%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $3.500M $2.382M
YoY Change 46.94% -4.72%
Accrued Expenses $212.8M $150.7M
YoY Change 41.21% 29.91%
Deferred Revenue
YoY Change
Short-Term Debt $5.800M $0.00
YoY Change
Long-Term Debt Due $25.22M $220.0K
YoY Change 11363.64% 10.0%
Total Short-Term Liabilities $268.0M $174.4M
YoY Change 53.69% 35.18%
LONG-TERM LIABILITIES
Long-Term Debt $19.78M $4.998M
YoY Change 295.72% -3.88%
Other Long-Term Liabilities $167.3M $83.60M
YoY Change 100.12% 58.03%
Total Long-Term Liabilities $19.78M $4.998M
YoY Change 295.72% -91.4%
TOTAL LIABILITIES
Total Short-Term Liabilities $268.0M $174.4M
Total Long-Term Liabilities $19.78M $4.998M
Total Liabilities $467.6M $276.1M
YoY Change 69.37% 39.59%
SHAREHOLDERS EQUITY
Retained Earnings $20.97M $54.78M
YoY Change -61.73%
Common Stock $5.236M $6.275M
YoY Change -16.56%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $26.22M $61.01M
YoY Change
Total Liabilities & Shareholders Equity $493.9M $337.1M
YoY Change 46.5% 35.44%

Cashflow Statement

Concept 2015 Q1 2014 Q1
OPERATING ACTIVITIES
Net Income -$5.828M -$3.283M
YoY Change 77.52% 2.56%
Depreciation, Depletion And Amortization $700.0K $600.0K
YoY Change 16.67% 20.0%
Cash From Operating Activities $5.500M $7.700M
YoY Change -28.57% -40.77%
INVESTING ACTIVITIES
Capital Expenditures $657.0K $1.814M
YoY Change -63.78% 51.29%
Acquisitions
YoY Change
Other Investing Activities -$5.500M -$31.90M
YoY Change -82.76% 608.89%
Cash From Investing Activities -$6.200M -$33.70M
YoY Change -81.6% 491.23%
FINANCING ACTIVITIES
Cash Dividend Paid $1.569M $1.291M
YoY Change 21.53% 41.56%
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $55.00K $55.00K
YoY Change 0.0% 1.85%
Cash From Financing Activities 4.400M -1.300M
YoY Change -438.46% -74.0%
NET CHANGE
Cash From Operating Activities 5.500M 7.700M
Cash From Investing Activities -6.200M -33.70M
Cash From Financing Activities 4.400M -1.300M
Net Change In Cash 3.700M -27.30M
YoY Change -113.55% -1286.96%
FREE CASH FLOW
Cash From Operating Activities $5.500M $7.700M
Capital Expenditures $657.0K $1.814M
Free Cash Flow $4.843M $5.886M
YoY Change -17.72% -50.12%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2015Q2 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
7142333 shares
CY2014Q1 us-gaap Stockholders Equity
StockholdersEquity
68090000
CY2014Q1 us-gaap Workers Compensation Liability Current And Noncurrent
WorkersCompensationLiabilityCurrentAndNoncurrent
120135000
CY2014Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
66268000
CY2015Q1 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
7141000 shares
CY2015Q1 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
7141000 shares
CY2015Q1 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
20500000 shares
CY2015Q1 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2015Q1 us-gaap Lines Of Credit Current
LinesOfCreditCurrent
5772000
CY2015Q1 us-gaap Liabilities Current
LiabilitiesCurrent
262763000
CY2015Q1 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
241000
CY2015Q1 us-gaap Common Stock Value
CommonStockValue
71000
CY2015Q1 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
CY2015Q1 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
21000
CY2015Q1 us-gaap Accounts Payable Current
AccountsPayableCurrent
3500000
CY2015Q1 us-gaap Workers Compensation Liability Noncurrent
WorkersCompensationLiabilityNoncurrent
165785000
CY2014Q4 us-gaap Common Stock Value
CommonStockValue
71000
CY2014Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
CY2014Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-23000
CY2014Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
2719000
CY2015Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
26828000
CY2015Q1 us-gaap Long Term Debt Current
LongTermDebtCurrent
25220000
CY2015Q1 us-gaap Deferred Tax Liabilities Noncurrent
DeferredTaxLiabilitiesNoncurrent
8159000
CY2015Q1 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
5165000
CY2015Q1 us-gaap Stockholders Equity
StockholdersEquity
32085000
CY2015Q1 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
1784000
CY2015Q1 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
19778000
CY2015Q1 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
490104000
CY2015Q1 us-gaap Workers Compensation Liability Current
WorkersCompensationLiabilityCurrent
56480000
CY2015Q1 us-gaap Workers Compensation Liability Current And Noncurrent
WorkersCompensationLiabilityCurrentAndNoncurrent
222265000
CY2015Q1 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
154508000
CY2015Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
15205000
CY2015Q1 us-gaap Goodwill
Goodwill
47820000
CY2015Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
22648000
CY2015Q1 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
6658000
CY2015Q1 us-gaap Marketable Securities Current
MarketableSecuritiesCurrent
21670000
CY2015Q1 us-gaap Assets
Assets
490104000
CY2015Q1 us-gaap Deferred Tax Assets Net Current
DeferredTaxAssetsNetCurrent
15763000
CY2015Q1 us-gaap Marketable Securities Noncurrent
MarketableSecuritiesNoncurrent
6034000
CY2015Q1 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
130376000
CY2015Q1 us-gaap Income Taxes Receivable
IncomeTaxesReceivable
13586000
CY2015Q1 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
4960000
CY2015Q1 us-gaap Assets Current
AssetsCurrent
215791000
CY2015Q1 us-gaap Restricted Cash And Investments Noncurrent
RestrictedCashAndInvestmentsNoncurrent
114335000
CY2015Q1 bbsi Estimate Of Liability For Unpaid Safety Incentives
EstimateOfLiabilityForUnpaidSafetyIncentives
15500000
CY2015Q1 bbsi Insurance Deposit As Security For Future Payment Obligations Under Workers Compensation Program
InsuranceDepositAsSecurityForFuturePaymentObligationsUnderWorkersCompensationProgram
78000000
CY2015Q1 bbsi Restricted Marketable Securities And Workers Compensation Deposits
RestrictedMarketableSecuritiesAndWorkersCompensationDeposits
78516000
CY2015Q1 bbsi Safety Incentives Liability
SafetyIncentivesLiability
15499000
CY2015Q1 bbsi Customer Deposits And Other Long Term Liabilities
CustomerDepositsAndOtherLongTermLiabilities
1534000
CY2015Q1 bbsi Restricted Marketable Securities And Workers Compensation Deposits Current
RestrictedMarketableSecuritiesAndWorkersCompensationDepositsCurrent
12533000
CY2015Q1 bbsi Debt Instrument Covenant Maximum Capital Expenditure Threshold Year One
DebtInstrumentCovenantMaximumCapitalExpenditureThresholdYearOne
5000000
CY2015Q1 bbsi Debt Instrument Covenant Maximum Capital Expenditure Threshold Year Two
DebtInstrumentCovenantMaximumCapitalExpenditureThresholdYearTwo
4000000
CY2013Q4 us-gaap Stockholders Equity
StockholdersEquity
72553000
CY2013Q4 us-gaap Workers Compensation Liability Current And Noncurrent
WorkersCompensationLiabilityCurrentAndNoncurrent
112444000
CY2013Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
93557000
CY2014Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
7126000 shares
CY2014Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
7126000 shares
CY2014Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
20500000 shares
CY2014Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2014Q4 us-gaap Lines Of Credit Current
LinesOfCreditCurrent
0
CY2014Q4 us-gaap Liabilities Current
LiabilitiesCurrent
218270000
CY2014Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
291000
CY2014Q4 us-gaap Workers Compensation Liability Noncurrent
WorkersCompensationLiabilityNoncurrent
161933000
CY2014Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
448528000
CY2014Q4 us-gaap Workers Compensation Liability Current
WorkersCompensationLiabilityCurrent
54049000
CY2014Q4 us-gaap Workers Compensation Liability Current And Noncurrent
WorkersCompensationLiabilityCurrentAndNoncurrent
215982000
CY2014Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
120133000
CY2014Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
34200000
CY2014Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
25220000
CY2014Q4 us-gaap Deferred Tax Liabilities Noncurrent
DeferredTaxLiabilitiesNoncurrent
8159000
CY2014Q4 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
4410000
CY2014Q4 us-gaap Stockholders Equity
StockholdersEquity
38658000
CY2014Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
1917000
CY2014Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
19833000
CY2014Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
11544000
CY2014Q4 us-gaap Goodwill
Goodwill
47820000
CY2014Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
22675000
CY2014Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
3813000
CY2014Q4 us-gaap Marketable Securities Current
MarketableSecuritiesCurrent
29957000
CY2014Q4 us-gaap Assets
Assets
448528000
CY2014Q4 us-gaap Deferred Tax Assets Net Current
DeferredTaxAssetsNetCurrent
15791000
CY2014Q4 us-gaap Marketable Securities Noncurrent
MarketableSecuritiesNoncurrent
20930000
CY2014Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
102627000
CY2014Q4 us-gaap Income Taxes Receivable
IncomeTaxesReceivable
11421000
CY2014Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
5306000
CY2014Q4 us-gaap Assets Current
AssetsCurrent
178929000
CY2014Q4 us-gaap Restricted Cash And Investments Noncurrent
RestrictedCashAndInvestmentsNoncurrent
114335000
CY2014Q4 bbsi Estimate Of Liability For Unpaid Safety Incentives
EstimateOfLiabilityForUnpaidSafetyIncentives
14200000
CY2014Q4 bbsi Insurance Deposit As Security For Future Payment Obligations Under Workers Compensation Program
InsuranceDepositAsSecurityForFuturePaymentObligationsUnderWorkersCompensationProgram
50100000
CY2014Q4 bbsi Restricted Marketable Securities And Workers Compensation Deposits
RestrictedMarketableSecuritiesAndWorkersCompensationDeposits
58533000
CY2014Q4 bbsi Safety Incentives Liability
SafetyIncentivesLiability
14232000
CY2014Q4 bbsi Customer Deposits And Other Long Term Liabilities
CustomerDepositsAndOtherLongTermLiabilities
1675000
CY2014Q4 bbsi Restricted Marketable Securities And Workers Compensation Deposits Current
RestrictedMarketableSecuritiesAndWorkersCompensationDepositsCurrent
3776000
CY2014Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.50
CY2014Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
CY2014Q1 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
7710000
CY2014Q1 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.18
CY2014Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
7170000 shares
CY2014Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.50
CY2014Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
298 shares
CY2014Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
7170000 shares
CY2014Q1 us-gaap Gross Profit
GrossProfit
9306000
CY2014Q1 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
1200000
CY2014Q1 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
331000
CY2014Q1 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
55000
CY2014Q1 us-gaap Payments Of Dividends
PaymentsOfDividends
1291000
CY2014Q1 us-gaap Excess Tax Benefit From Share Based Compensation Operating Activities
ExcessTaxBenefitFromShareBasedCompensationOperatingActivities
15000
CY2014Q1 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
0
CY2014Q1 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
1595000
CY2014Q1 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
76000
CY2014Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
-5647000
CY2014Q1 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-3594000
CY2014Q1 us-gaap Payments To Acquire Restricted Investments
PaymentsToAcquireRestrictedInvestments
20938000
CY2014Q1 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
90000
CY2014Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-5557000
CY2014Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-10000
CY2014Q1 us-gaap Marketable Securities Gain Loss
MarketableSecuritiesGainLoss
-1000
CY2014Q1 us-gaap Revenues
Revenues
135140000
CY2014Q1 us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
14936000
CY2014Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1814000
CY2014Q1 us-gaap Net Income Loss
NetIncomeLoss
-3583000
CY2014Q1 us-gaap Investment Income Net
InvestmentIncomeNet
144000
CY2014Q1 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
10370000
CY2014Q1 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
-11000
CY2014Q1 us-gaap Increase Decrease In Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesReceivable
1596000
CY2014Q1 us-gaap Adjustment To Additional Paid In Capital Income Tax Effect From Share Based Compensation Net
AdjustmentToAdditionalPaidInCapitalIncomeTaxEffectFromShareBasedCompensationNet
15000
CY2014Q1 us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
19484000
CY2014Q1 us-gaap Interest Expense
InterestExpense
44000
CY2014Q1 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
14369000
CY2014Q1 us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
15000
CY2014Q1 us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
-1221000
CY2014Q1 us-gaap Increase Decrease In Workers Compensation Liabilities
IncreaseDecreaseInWorkersCompensationLiabilities
7691000
CY2014Q1 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-27289000
CY2014Q1 us-gaap Cost Of Services Direct Labor
CostOfServicesDirectLabor
25417000
CY2014Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-1974000
CY2014Q1 us-gaap Cost Of Revenue
CostOfRevenue
125834000
CY2014Q1 us-gaap Depreciation And Amortization
DepreciationAndAmortization
584000
CY2014Q1 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
1291000
CY2014Q1 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
-1255000
CY2014Q1 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
-7000
CY2014Q1 us-gaap Increase Decrease In Other Accrued Liabilities
IncreaseDecreaseInOtherAccruedLiabilities
98000
CY2014Q1 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-33744000
CY2014Q1 us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
2934000
CY2014Q1 us-gaap Proceeds From Stock Plans
ProceedsFromStockPlans
76000
CY2014Q1 us-gaap Cost Of Services Direct Taxes And Licenses Costs
CostOfServicesDirectTaxesAndLicensesCosts
72817000
CY2014Q1 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-870000
CY2014Q1 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
0
CY2014Q1 us-gaap Share Based Compensation
ShareBasedCompensation
331000
CY2014Q1 us-gaap Proceeds From Sale Of Restricted Investments
ProceedsFromSaleOfRestrictedInvestments
1010000
CY2014Q1 bbsi Workers Compensation Expense Accrual Claims For Current Period
WorkersCompensationExpenseAccrualClaimsForCurrentPeriod
16351000
CY2014Q1 bbsi Professional Employer Service Fees
ProfessionalEmployerServiceFees
101689000
CY2014Q1 bbsi Increase Decrease In Customer Deposits Long Term Liabilities And Other Assets Net
IncreaseDecreaseInCustomerDepositsLongTermLiabilitiesAndOtherAssetsNet
-74000
CY2014Q1 bbsi Workers Compensation Expense Accrual Claims
WorkersCompensationExpenseAccrualClaims
20152000
CY2014Q1 bbsi Claim Payments Prior Period
ClaimPaymentsPriorPeriod
12062000
CY2014Q1 bbsi Staffing Services Revenue
StaffingServicesRevenue
33451000
CY2014Q1 bbsi Workers Compensation Incurred But Not Reported
WorkersCompensationIncurredButNotReported
69185000
CY2014Q1 bbsi Workers Compensation Claim Payments
WorkersCompensationClaimPayments
12461000
CY2014Q1 bbsi Workers Compensation Expense Accrual Claims For Prior Periods
WorkersCompensationExpenseAccrualClaimsForPriorPeriods
3801000
CY2014Q1 bbsi Deferred Income Tax Expense Benefit Including Other Comprehensive Income Tax Adjustments
DeferredIncomeTaxExpenseBenefitIncludingOtherComprehensiveIncomeTaxAdjustments
-409000
CY2014Q1 bbsi Cost Of Services Workers Compensation
CostOfServicesWorkersCompensation
27600000
CY2014Q1 bbsi Workers Compensation Claim Payments Current Period
WorkersCompensationClaimPaymentsCurrentPeriod
399000
CY2014Q1 bbsi Increase Decrease In Safety Incentive Liability
IncreaseDecreaseInSafetyIncentiveLiability
-894000
CY2015Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.81
CY2015Q1 dei Document Type
DocumentType
10-Q
CY2015Q1 dei Entity Registrant Name
EntityRegistrantName
BARRETT BUSINESS SERVICES INC
CY2015Q1 dei Trading Symbol
TradingSymbol
BBSI
CY2015Q1 dei Entity Filer Category
EntityFilerCategory
Accelerated Filer
CY2015Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
CY2015Q1 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
5503000
CY2015Q1 us-gaap Use Of Estimates
UseOfEstimates
<div> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 18pt"> <b>Accounting estimates</b></p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 6pt; TEXT-INDENT: 4%"> The preparation of our consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the 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 carrying values of marketable securities, allowance for doubtful accounts, deferred income taxes, carrying values for goodwill and property and equipment, accrued workers&#x2019; compensation liabilities and safety incentive liabilities. Actual results may or may not differ from such estimates.</p> </div>
CY2015Q1 dei Document Period End Date
DocumentPeriodEndDate
2015-03-31
CY2015Q1 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.22
CY2015Q1 dei Amendment Flag
AmendmentFlag
false
CY2015Q1 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2015Q1 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2015
CY2015Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
7135000 shares
CY2015Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.81
CY2015Q1 dei Entity Central Index Key
EntityCentralIndexKey
0000902791
CY2015Q1 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 facility, and a fee of 1.75% of the face amount of each letter of credit.
CY2015Q1 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q1
CY2015Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
194 shares
CY2015Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
7135000 shares
CY2015Q1 us-gaap Gross Profit
GrossProfit
8976000
CY2015Q1 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
0
CY2015Q1 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
545000
CY2015Q1 us-gaap Stock Issued During Period Value Share Based Compensation Gross
StockIssuedDuringPeriodValueShareBasedCompensationGross
195000
CY2015Q1 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
55000
CY2015Q1 us-gaap Payments Of Dividends
PaymentsOfDividends
1570000
CY2015Q1 us-gaap Excess Tax Benefit From Share Based Compensation Operating Activities
ExcessTaxBenefitFromShareBasedCompensationOperatingActivities
15000
CY2015Q1 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
22479000
CY2015Q1 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
2845000
CY2015Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
-8682000
CY2015Q1 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-5758000
CY2015Q1 us-gaap Payments To Acquire Restricted Investments
PaymentsToAcquireRestrictedInvestments
29932000
CY2015Q1 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-445000
CY2015Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-9127000
CY2015Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-14000
CY2015Q1 us-gaap Marketable Securities Gain Loss
MarketableSecuritiesGainLoss
-2000
CY2015Q1 us-gaap Revenues
Revenues
166917000
CY2015Q1 us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
1454000
CY2015Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
656000
CY2015Q1 us-gaap Net Income Loss
NetIncomeLoss
-5802000
CY2015Q1 us-gaap Investment Income Net
InvestmentIncomeNet
89000
CY2015Q1 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
27749000
CY2015Q1 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
44000
CY2015Q1 us-gaap Increase Decrease In Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesReceivable
2150000
CY2015Q1 us-gaap Adjustment To Additional Paid In Capital Income Tax Effect From Share Based Compensation Net
AdjustmentToAdditionalPaidInCapitalIncomeTaxEffectFromShareBasedCompensationNet
15000
CY2015Q1 us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
34375000
CY2015Q1 us-gaap Interest Expense
InterestExpense
520000
CY2015Q1 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
16975000
CY2015Q1 us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
15000
CY2015Q1 us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
0
CY2015Q1 us-gaap Increase Decrease In Workers Compensation Liabilities
IncreaseDecreaseInWorkersCompensationLiabilities
6283000
CY2015Q1 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
3661000
CY2015Q1 us-gaap Cost Of Services Direct Labor
CostOfServicesDirectLabor
29764000
CY2015Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-3325000
CY2015Q1 us-gaap Proceeds From Income Tax Refunds
ProceedsFromIncomeTaxRefunds
1200000
CY2015Q1 us-gaap Cost Of Revenue
CostOfRevenue
157941000
CY2015Q1 us-gaap Depreciation And Amortization
DepreciationAndAmortization
683000
CY2015Q1 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
1570000
CY2015Q1 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
4357000
CY2015Q1 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
28000
CY2015Q1 us-gaap Increase Decrease In Other Accrued Liabilities
IncreaseDecreaseInOtherAccruedLiabilities
-133000
CY2015Q1 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-6199000
CY2015Q1 us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
24651000
CY2015Q1 us-gaap Proceeds From Stock Plans
ProceedsFromStockPlans
195000
CY2015Q1 us-gaap Cost Of Services Direct Taxes And Licenses Costs
CostOfServicesDirectTaxesAndLicensesCosts
88294000
CY2015Q1 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
781000
CY2015Q1 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
28251000
CY2015Q1 us-gaap Share Based Compensation
ShareBasedCompensation
545000
CY2015Q1 us-gaap Proceeds From Sale Of Restricted Investments
ProceedsFromSaleOfRestrictedInvestments
1192000
CY2015Q1 bbsi Workers Compensation Expense Accrual Claims For Current Period
WorkersCompensationExpenseAccrualClaimsForCurrentPeriod
26236000
CY2015Q1 bbsi Professional Employer Service Fees
ProfessionalEmployerServiceFees
127751000
CY2015Q1 bbsi Increase Decrease In Customer Deposits Long Term Liabilities And Other Assets Net
IncreaseDecreaseInCustomerDepositsLongTermLiabilitiesAndOtherAssetsNet
-205000
CY2015Q1 bbsi Workers Compensation Expense Accrual Claims
WorkersCompensationExpenseAccrualClaims
23050000
CY2015Q1 bbsi Claim Payments Prior Period
ClaimPaymentsPriorPeriod
15991000
CY2015Q1 bbsi Staffing Services Revenue
StaffingServicesRevenue
39166000
CY2015Q1 bbsi Workers Compensation Incurred But Not Reported
WorkersCompensationIncurredButNotReported
115661000
CY2015Q1 bbsi Workers Compensation Claim Payments
WorkersCompensationClaimPayments
16767000
CY2015Q1 bbsi Workers Compensation Expense Accrual Claims For Prior Periods
WorkersCompensationExpenseAccrualClaimsForPriorPeriods
-3186000
CY2015Q1 bbsi Deferred Income Tax Expense Benefit Including Other Comprehensive Income Tax Adjustments
DeferredIncomeTaxExpenseBenefitIncludingOtherComprehensiveIncomeTaxAdjustments
56000
CY2015Q1 bbsi Cost Of Services Workers Compensation
CostOfServicesWorkersCompensation
39883000
CY2015Q1 bbsi Workers Compensation Claim Payments Current Period
WorkersCompensationClaimPaymentsCurrentPeriod
776000
CY2015Q1 bbsi Period For Cancellation Or Termination Of Peo Service Contract
PeriodForCancellationOrTerminationOfPeoServiceContract
P30D
CY2015Q1 bbsi Revenue Recognition Peo Service Contract Minimum Term
RevenueRecognitionPeoServiceContractMinimumTerm
P1Y
CY2015Q1 bbsi Increase Decrease In Safety Incentive Liability
IncreaseDecreaseInSafetyIncentiveLiability
1267000

Files In Submission

Name View Source Status
0001193125-15-182058-index-headers.html Edgar Link pending
0001193125-15-182058-index.html Edgar Link pending
0001193125-15-182058.txt Edgar Link pending
0001193125-15-182058-xbrl.zip Edgar Link pending
bbsi-20150331.xml Edgar Link completed
bbsi-20150331.xsd Edgar Link pending
bbsi-20150331_cal.xml Edgar Link unprocessable
bbsi-20150331_def.xml Edgar Link unprocessable
bbsi-20150331_lab.xml Edgar Link unprocessable
bbsi-20150331_pre.xml Edgar Link unprocessable
d895483d10q.htm Edgar Link pending
d895483dex311.htm Edgar Link pending
d895483dex312.htm Edgar Link pending
d895483dex32.htm Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xls Edgar Link pending
Financial_Report.xlsx 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
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