$BBSI
BARRETT BUSINESS SERVICES INC

2019 Q3 Form 10-Q Financial Statement

#000156459019040996 Filed on November 06, 2019

View on sec.gov

Income Statement

Concept 2019 Q3 2018 Q3 2018 Q2
Revenue $248.0M $247.3M $231.6M
YoY Change 0.27% 2.98% 2.67%
Cost Of Revenue $177.2M $187.6M $183.1M
YoY Change -5.55% 1.29% 0.97%
Gross Profit $70.76M $59.69M $48.48M
YoY Change 18.56% 8.68% 9.65%
Gross Profit Margin 28.54% 24.14% 20.93%
Selling, General & Admin $41.40M $36.70M $35.60M
YoY Change 12.81% 8.18% 26.69%
% of Gross Profit 58.5% 61.49% 73.43%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $1.000M $900.0K $1.300M
YoY Change 11.11% -18.18% 30.0%
% of Gross Profit 1.41% 1.51% 2.68%
Operating Expenses $42.30M $37.60M $36.90M
YoY Change 12.5% 10.83% 27.24%
Operating Profit $28.46M $22.09M $11.58M
YoY Change 28.88% 10.81% -23.89%
Interest Expense $2.500M $1.800M $68.00K
YoY Change 38.89% 3361.54% -94.77%
% of Operating Profit 8.78% 8.15% 0.59%
Other Income/Expense, Net $0.00 $0.00 $2.121M
YoY Change -100.0% 59.95%
Pretax Income $30.90M $23.80M $13.71M
YoY Change 29.83% 10.99% -16.87%
Income Tax $6.000M $4.800M $2.473M
% Of Pretax Income 19.42% 20.17% 18.03%
Net Earnings $24.97M $19.09M $11.24M
YoY Change 30.83% 29.1% 1.02%
Net Earnings / Revenue 10.07% 7.72% 4.85%
Basic Earnings Per Share $3.34 $2.59 $1.54
Diluted Earnings Per Share $3.24 $2.50 $1.46
COMMON SHARES
Basic Shares Outstanding 7.483M 7.310M
Diluted Shares Outstanding 7.675M

Balance Sheet

Concept 2019 Q3 2018 Q3 2018 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $389.2M $412.5M $438.4M
YoY Change -5.65% 2.08% -4.1%
Cash & Equivalents $35.45M $34.98M $33.79M
Short-Term Investments $353.8M $377.5M $404.6M
Other Short-Term Assets $123.7M $124.8M $118.0M
YoY Change -0.88% 28.26% 22.79%
Inventory
Prepaid Expenses
Receivables $187.5M $162.6M $152.6M
Other Receivables $0.00 $0.00 $2.300M
Total Short-Term Assets $448.3M $322.8M $307.2M
YoY Change 38.88% 11.3% 17.21%
LONG-TERM ASSETS
Property, Plant & Equipment $53.40M $26.70M $26.10M
YoY Change 100.0% 1.54% -3.33%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $1.600M $1.600M
YoY Change 33.33% 166.67%
Other Assets $320.7M $344.4M $325.8M
YoY Change -6.88% 10101.42% 19.65%
Total Long-Term Assets $421.9M $420.5M $401.3M
YoY Change 0.33% 13.89% 15.42%
TOTAL ASSETS
Total Short-Term Assets $448.3M $322.8M $307.2M
Total Long-Term Assets $421.9M $420.5M $401.3M
Total Assets $870.2M $743.3M $708.5M
YoY Change 17.07% 12.75% 16.19%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $5.432M $4.500M $4.000M
YoY Change 20.71% 11.58% -18.37%
Accrued Expenses $331.0M $307.1M $297.7M
YoY Change 7.78% 9.95% 13.06%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $200.0K $200.0K $200.0K
YoY Change 0.0% 0.0% 0.0%
Total Short-Term Liabilities $367.8M $342.8M $329.9M
YoY Change 7.29% 7.85% 11.94%
LONG-TERM LIABILITIES
Long-Term Debt $3.800M $4.006M $4.100M
YoY Change -5.14% -5.21% -4.65%
Other Long-Term Liabilities $338.4M $296.6M $289.6M
YoY Change 14.09% 15.63% 19.23%
Total Long-Term Liabilities $342.2M $4.006M $293.7M
YoY Change 8442.19% -5.21% 18.81%
TOTAL LIABILITIES
Total Short-Term Liabilities $367.8M $342.8M $329.9M
Total Long-Term Liabilities $342.2M $4.006M $293.7M
Total Liabilities $710.0M $643.4M $623.6M
YoY Change 10.35% 11.21% 15.08%
SHAREHOLDERS EQUITY
Retained Earnings $93.59M
YoY Change 35.2%
Common Stock $13.75M
YoY Change 22.14%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $160.2M $99.93M $84.88M
YoY Change
Total Liabilities & Shareholders Equity $870.2M $743.3M $708.5M
YoY Change 17.07% 12.76% 16.19%

Cashflow Statement

Concept 2019 Q3 2018 Q3 2018 Q2
OPERATING ACTIVITIES
Net Income $24.97M $19.09M $11.24M
YoY Change 30.83% 29.1% 1.02%
Depreciation, Depletion And Amortization $1.000M $900.0K $1.300M
YoY Change 11.11% -18.18% 30.0%
Cash From Operating Activities $18.60M $30.40M $18.70M
YoY Change -38.82% -34.34% 23.84%
INVESTING ACTIVITIES
Capital Expenditures -$2.600M -$900.0K -$2.300M
YoY Change 188.89% 200.0% 64.29%
Acquisitions
YoY Change
Other Investing Activities $7.000M $21.50M -$10.50M
YoY Change -67.44% -130.76% -92.7%
Cash From Investing Activities $4.600M $20.50M -$12.90M
YoY Change -77.56% -129.2% -91.12%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $17.30M
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -5.000M -4.500M -1.900M
YoY Change 11.11% 32.35% 0.0%
NET CHANGE
Cash From Operating Activities 18.60M 30.40M 18.70M
Cash From Investing Activities 4.600M 20.50M -12.90M
Cash From Financing Activities -5.000M -4.500M -1.900M
Net Change In Cash 18.20M 46.40M 3.900M
YoY Change -60.78% -269.96% -102.95%
FREE CASH FLOW
Cash From Operating Activities $18.60M $30.40M $18.70M
Capital Expenditures -$2.600M -$900.0K -$2.300M
Free Cash Flow $21.20M $31.30M $21.00M
YoY Change -32.27% -32.83% 27.27%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2019Q3 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
17906000
CY2018Q4 us-gaap Liabilities
Liabilities
637052000
CY2018Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
CY2018Q4 us-gaap Common Stock Value
CommonStockValue
74000
CY2018Q4 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
15437000
CY2018Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-5068000
CY2018Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
108594000
CY2018Q4 us-gaap Stockholders Equity
StockholdersEquity
119037000
CY2018Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
756089000
CY2018Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2018Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
20500000
CY2018Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
7395000
CY2018Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
7395000
CY2019Q3 us-gaap Accounts Payable Current
AccountsPayableCurrent
5432000
CY2018Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
24812000
CY2019Q3 bbsi Accrued Payroll Payroll Taxes And Related Benefits Liabilities Current
AccruedPayrollPayrollTaxesAndRelatedBenefitsLiabilitiesCurrent
197686000
CY2019Q3 us-gaap Loans Payable To Bank Current
LoansPayableToBankCurrent
221000
CY2018Q4 us-gaap Deferred Tax Assets Liabilities Net Noncurrent
DeferredTaxAssetsLiabilitiesNetNoncurrent
8458000
CY2019Q3 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
3408000
CY2018Q4 us-gaap Available For Sale Securities Debt Securities Noncurrent
AvailableForSaleSecuritiesDebtSecuritiesNoncurrent
1687000
CY2018Q4 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
4403000
CY2019Q3 us-gaap Deferred Tax Assets Liabilities Net Noncurrent
DeferredTaxAssetsLiabilitiesNetNoncurrent
5523000
CY2018Q4 bbsi Customer Deposits And Other Long Term Liabilities
CustomerDepositsAndOtherLongTermLiabilities
2285000
CY2018Q1 us-gaap Net Income Loss
NetIncomeLoss
-9123000
CY2018Q2 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.25
CY2018Q3 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.25
CY2019Q3 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
987000
CY2018Q3 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
-1037000
CY2019Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
25958000
CY2018Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
18050000
CY2019Q3 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
376000
CY2018Q3 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
-396000
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
2935000
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
-2325000
CY2018Q1 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
53000
CY2018Q1 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
76000
CY2018Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
1542000
CY2018Q1 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
1826000
CY2018Q1 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
-3964000
CY2018Q1 us-gaap Stockholders Equity
StockholdersEquity
75440000
CY2018Q2 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
48000
CY2018Q2 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
92000
CY2018Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
1041000
CY2018Q2 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
1827000
CY2018Q2 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
-975000
CY2018Q2 us-gaap Net Income Loss
NetIncomeLoss
11240000
CY2018Q2 us-gaap Stockholders Equity
StockholdersEquity
84875000
CY2018Q3 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
223000
CY2018Q3 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
2784000
CY2018Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
1409000
CY2018Q3 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
1844000
CY2018Q3 us-gaap Stockholders Equity
StockholdersEquity
99929000
CY2019Q1 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
1852000
CY2019Q1 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
3657000
CY2019Q1 us-gaap Net Income Loss
NetIncomeLoss
-2300000
CY2019Q1 us-gaap Stockholders Equity
StockholdersEquity
119873000
CY2019Q2 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
56000
CY2019Q2 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
1853000
CY2019Q2 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
3043000
CY2019Q2 us-gaap Net Income Loss
NetIncomeLoss
13907000
CY2019Q2 us-gaap Stockholders Equity
StockholdersEquity
137467000
CY2019Q3 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
280000
CY2019Q3 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
2958000
CY2019Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
1673000
CY2019Q3 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
2249000
CY2019Q1 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.25
CY2019Q2 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.25
CY2019Q3 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.30
bbsi Non Cash Lease Expense
NonCashLeaseExpense
5243000
bbsi Accretion Amortization And Gain Loss On Investments
AccretionAmortizationAndGainLossOnInvestments
-940000
bbsi Accretion Amortization And Gain Loss On Investments
AccretionAmortizationAndGainLossOnInvestments
-36000
us-gaap Share Based Compensation
ShareBasedCompensation
5501000
us-gaap Share Based Compensation
ShareBasedCompensation
3992000
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
35870000
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
25910000
us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
2429000
us-gaap Increase Decrease In Workers Compensation Liabilities
IncreaseDecreaseInWorkersCompensationLiabilities
16857000
us-gaap Increase Decrease In Workers Compensation Liabilities
IncreaseDecreaseInWorkersCompensationLiabilities
35391000
bbsi Increase Decrease In Safety Incentive Liability
IncreaseDecreaseInSafetyIncentiveLiability
-1483000
bbsi Increase Decrease In Safety Incentive Liability
IncreaseDecreaseInSafetyIncentiveLiability
68000
us-gaap Increase Decrease In Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesReceivable
-1686000
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
2094000
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
6720000
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
1096000
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-702000
us-gaap Increase Decrease In Accrued Salaries
IncreaseDecreaseInAccruedSalaries
40763000
us-gaap Increase Decrease In Accrued Salaries
IncreaseDecreaseInAccruedSalaries
13079000
us-gaap Increase Decrease In Other Accrued Liabilities
IncreaseDecreaseInOtherAccruedLiabilities
-7322000
us-gaap Increase Decrease In Other Accrued Liabilities
IncreaseDecreaseInOtherAccruedLiabilities
-772000
us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
-995000
bbsi Increase Decrease In Operating Lease Liabilities
IncreaseDecreaseInOperatingLeaseLiabilities
4673000
us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
-75000
us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
109000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
57525000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
46902000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
7672000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
4442000
us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
658000
us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
1688000
us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
15941000
us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
1481000
us-gaap Payments To Acquire Restricted Investments
PaymentsToAcquireRestrictedInvestments
3946000
us-gaap Payments To Acquire Restricted Investments
PaymentsToAcquireRestrictedInvestments
103861000
bbsi Proceeds From Sales And Maturities Of Restricted Investments
ProceedsFromSalesAndMaturitiesOfRestrictedInvestments
42409000
bbsi Proceeds From Sales And Maturities Of Restricted Investments
ProceedsFromSalesAndMaturitiesOfRestrictedInvestments
54819000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
46074000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-53691000
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
18843000
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
8500000
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
18843000
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
8500000
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
166000
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
165000
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
3136000
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
2952000
us-gaap Payments Of Dividends
PaymentsOfDividends
5954000
us-gaap Payments Of Dividends
PaymentsOfDividends
5499000
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
458000
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
324000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-8798000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-8292000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
94801000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-15081000
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
140702000
CY2017Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
120205000
CY2019Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
235503000
CY2018Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
105124000
us-gaap Use Of Estimates
UseOfEstimates
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-weight:bold;font-size:10pt;font-family:Arial;font-style:normal;text-transform:none;font-variant: normal;">Accounting estimates</p> <p style="margin-top:6pt;margin-bottom:0pt;text-indent:0%;font-size:10pt;font-family:Arial;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The preparation of our condensed 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 condensed consolidated financial statements and the reported amounts of revenues and expenses during the reporting periods.&nbsp;&nbsp;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.&nbsp;&nbsp;Estimates are used for fair value measurement of investments, allowance for doubtful accounts, deferred income taxes, carrying values for goodwill and property and equipment, accrued workers&#8217; compensation liabilities and customer incentive liabilities.&nbsp;&nbsp;Actual results may or may not differ from such estimates.</p>
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
CY2019Q3 bbsi Number Of Wholly Owned Insurance Companies
NumberOfWhollyOwnedInsuranceCompanies
2
bbsi Cash And Cash Equivalents Maximum Maturity Period
CashAndCashEquivalentsMaximumMaturityPeriod
P3M
CY2019Q3 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
774000
CY2018Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
533000
CY2019Q3 bbsi Estimate Of Liability For Unpaid Safety Incentives
EstimateOfLiabilityForUnpaidSafetyIncentives
27700000
CY2018Q4 bbsi Estimate Of Liability For Unpaid Safety Incentives
EstimateOfLiabilityForUnpaidSafetyIncentives
29200000
CY2019Q3 bbsi Customer Incentive Liability
CustomerIncentiveLiability
5000000
CY2018Q4 bbsi Customer Incentive Liability
CustomerIncentiveLiability
9800000
us-gaap Interest Paid Net
InterestPaidNet
1800000
us-gaap Income Taxes Paid
IncomeTaxesPaid
10100000
us-gaap Income Taxes Paid
IncomeTaxesPaid
100000
CY2018Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
34975000
CY2017Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
59835000
CY2019Q3 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
200051000
CY2018Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
105331000
CY2018Q3 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
70149000
CY2017Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
60370000
CY2019Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
235503000
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
140702000
CY2018Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
105124000
CY2017Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
120205000
CY2019Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
228000
CY2018Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
274000
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
253000
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
325000
CY2019Q3 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
350141000
CY2019Q3 us-gaap Available For Sale Securities Accumulated Gross Unrealized Gain Loss Before Tax
AvailableForSaleSecuritiesAccumulatedGrossUnrealizedGainLossBeforeTax
3617000
CY2019Q3 us-gaap Marketable Securities
MarketableSecurities
353758000
CY2018Q4 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
372953000
CY2018Q4 us-gaap Available For Sale Securities Accumulated Gross Unrealized Gain Loss Before Tax
AvailableForSaleSecuritiesAccumulatedGrossUnrealizedGainLossBeforeTax
-7005000
CY2018Q4 us-gaap Marketable Securities
MarketableSecurities
365948000
CY2018Q3 bbsi Workers Compensation Claim Payments
WorkersCompensationClaimPayments
27407000
CY2019Q3 bbsi Workers Compensation Change In Claims Incurred In Excess Of Retention Limits
WorkersCompensationChangeInClaimsIncurredInExcessOfRetentionLimits
-77000
CY2019Q3 us-gaap Restricted Cash
RestrictedCash
173700000
CY2018Q4 us-gaap Restricted Cash
RestrictedCash
104500000
CY2019Q3 us-gaap Available For Sale Securities Debt Maturities Within One Year Fair Value
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValue
97025000
CY2019Q3 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue
134969000
CY2019Q3 us-gaap Available For Sale Securities Debt Maturities After Five Through Ten Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsFairValue
49466000
CY2019Q3 us-gaap Available For Sale Securities Debt Maturities Single Maturity Date
AvailableForSaleSecuritiesDebtMaturitiesSingleMaturityDate
281460000
CY2019Q2 us-gaap Workers Compensation Liability Current And Noncurrent
WorkersCompensationLiabilityCurrentAndNoncurrent
430736000
CY2018Q2 us-gaap Workers Compensation Liability Current And Noncurrent
WorkersCompensationLiabilityCurrentAndNoncurrent
390814000
CY2019Q3 bbsi Workers Compensation Expense Accrual Claims For Current Period
WorkersCompensationExpenseAccrualClaimsForCurrentPeriod
37404000
CY2018Q3 bbsi Workers Compensation Expense Accrual Claims For Current Period
WorkersCompensationExpenseAccrualClaimsForCurrentPeriod
37784000
CY2019Q3 bbsi Workers Compensation Expense Adjustments Accrual Claims For Prior Periods
WorkersCompensationExpenseAdjustmentsAccrualClaimsForPriorPeriods
-5593000
CY2018Q3 bbsi Workers Compensation Expense Adjustments Accrual Claims For Prior Periods
WorkersCompensationExpenseAdjustmentsAccrualClaimsForPriorPeriods
-2327000
CY2019Q3 bbsi Workers Compensation Expense Accrual Claims
WorkersCompensationExpenseAccrualClaims
31811000
CY2018Q3 bbsi Workers Compensation Expense Accrual Claims
WorkersCompensationExpenseAccrualClaims
35457000
CY2019Q3 bbsi Workers Compensation Claim Payments Current Period
WorkersCompensationClaimPaymentsCurrentPeriod
8609000
CY2018Q3 bbsi Workers Compensation Claim Payments Current Period
WorkersCompensationClaimPaymentsCurrentPeriod
7502000
CY2019Q3 bbsi Claim Payments Prior Period
ClaimPaymentsPriorPeriod
23815000
CY2018Q3 bbsi Claim Payments Prior Period
ClaimPaymentsPriorPeriod
19905000
CY2019Q3 bbsi Workers Compensation Claim Payments
WorkersCompensationClaimPayments
32424000
CY2018Q3 bbsi Workers Compensation Change In Claims Incurred In Excess Of Retention Limits
WorkersCompensationChangeInClaimsIncurredInExcessOfRetentionLimits
-26000
CY2019Q3 us-gaap Workers Compensation Liability Current And Noncurrent
WorkersCompensationLiabilityCurrentAndNoncurrent
430046000
CY2018Q3 us-gaap Workers Compensation Liability Current And Noncurrent
WorkersCompensationLiabilityCurrentAndNoncurrent
398838000
CY2019Q3 bbsi Workers Compensation Incurred But Not Reported
WorkersCompensationIncurredButNotReported
274344000
CY2018Q3 bbsi Workers Compensation Incurred But Not Reported
WorkersCompensationIncurredButNotReported
246174000
bbsi Workers Compensation Incurred But Not Reported
WorkersCompensationIncurredButNotReported
274344000
bbsi Workers Compensation Incurred But Not Reported
WorkersCompensationIncurredButNotReported
246174000
CY2019Q3 bbsi Workers Compensation Percent To Liabilities Incurred But Not Reported
WorkersCompensationPercentToLiabilitiesIncurredButNotReported
0.64
CY2018Q3 bbsi Workers Compensation Percent To Liabilities Incurred But Not Reported
WorkersCompensationPercentToLiabilitiesIncurredButNotReported
0.62
bbsi Workers Compensation Percent To Liabilities Incurred But Not Reported
WorkersCompensationPercentToLiabilitiesIncurredButNotReported
0.64
bbsi Workers Compensation Percent To Liabilities Incurred But Not Reported
WorkersCompensationPercentToLiabilitiesIncurredButNotReported
0.62
bbsi Workers Compensation Claims Maximum Coverage Per Occurrence
WorkersCompensationClaimsMaximumCoveragePerOccurrence
5000000
CY2019Q3 bbsi Surety Bonds
SuretyBonds
15000000
CY2019Q3 bbsi Insurance Deposit As Security For Future Payment Obligations Under Workers Compensation Program
InsuranceDepositAsSecurityForFuturePaymentObligationsUnderWorkersCompensationProgram
380600000
CY2018Q4 bbsi Insurance Deposit As Security For Future Payment Obligations Under Workers Compensation Program
InsuranceDepositAsSecurityForFuturePaymentObligationsUnderWorkersCompensationProgram
451000000
CY2019Q3 bbsi Collateral Securities Maintain To Cover Potential Workers Compensation Claims Losses
CollateralSecuritiesMaintainToCoverPotentialWorkersCompensationClaimsLosses
74800000
CY2018Q4 bbsi Collateral Securities Maintain To Cover Potential Workers Compensation Claims Losses
CollateralSecuritiesMaintainToCoverPotentialWorkersCompensationClaimsLosses
85200000
CY2019Q3 bbsi Standby Letters Of Credit And Surety Bond
StandbyLettersOfCreditAndSuretyBond
74800000
bbsi Workers Compensation Claims Incurred In Excess Of Retention Limits
WorkersCompensationClaimsIncurredInExcessOfRetentionLimits
3000000
CY2018 bbsi Workers Compensation Claims Incurred In Excess Of Retention Limits
WorkersCompensationClaimsIncurredInExcessOfRetentionLimits
3200000
CY2019Q3 us-gaap Operating Lease Residual Value Of Leased Asset
OperatingLeaseResidualValueOfLeasedAsset
3700000
CY2019Q3 us-gaap Operating Lease Cost
OperatingLeaseCost
2438000
us-gaap Operating Lease Cost
OperatingLeaseCost
6040000
CY2019Q3 us-gaap Variable Lease Cost
VariableLeaseCost
500000
us-gaap Variable Lease Cost
VariableLeaseCost
750000
CY2019Q3 us-gaap Short Term Lease Cost
ShortTermLeaseCost
198000
us-gaap Short Term Lease Cost
ShortTermLeaseCost
442000
CY2019Q3 us-gaap Lease Cost
LeaseCost
3136000
us-gaap Lease Cost
LeaseCost
7232000
CY2019Q3 us-gaap Operating Lease Payments
OperatingLeasePayments
1916000
us-gaap Operating Lease Payments
OperatingLeasePayments
5561000
CY2019Q3 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
513000
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
29028000
CY2019Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P4Y
CY2019Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.044
CY2019Q1 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
25800000
CY2019Q3 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
1910000
CY2019Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
7227000
CY2019Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
6606000
CY2019Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
5089000
CY2019Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
3720000
CY2019Q3 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
2116000
CY2019Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
26668000
CY2019Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
2314000
CY2019Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
24354000
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
7135000
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
6198000
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
5673000
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
4125000
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
2642000
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
1474000
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
27247000

Files In Submission

Name View Source Status
0001564590-19-040996-index-headers.html Edgar Link pending
0001564590-19-040996-index.html Edgar Link pending
0001564590-19-040996.txt Edgar Link pending
0001564590-19-040996-xbrl.zip Edgar Link pending
bbsi-10q_20190930.htm Edgar Link pending
bbsi-20190930.xml Edgar Link completed
bbsi-20190930.xsd Edgar Link pending
bbsi-20190930_cal.xml Edgar Link unprocessable
bbsi-20190930_def.xml Edgar Link unprocessable
bbsi-20190930_lab.xml Edgar Link unprocessable
bbsi-20190930_pre.xml Edgar Link unprocessable
bbsi-ex311_11.htm Edgar Link pending
bbsi-ex312_12.htm Edgar Link pending
bbsi-ex32_14.htm Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
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
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
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.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