$BBSI
BARRETT BUSINESS SERVICES INC

2022 Q3 Form 10-Q Financial Statement

#000156459022027833 Filed on August 04, 2022

View on sec.gov

Income Statement

Concept 2022 Q3 2022 Q2 2022 Q1
Revenue $273.8M $262.2M $246.4M
YoY Change 10.88% 12.43% 12.81%
Cost Of Revenue $206.9M $195.3M $206.0M
YoY Change 10.82% 11.13% 9.83%
Gross Profit $66.90M $66.89M $40.35M
YoY Change 11.07% 16.38% 30.74%
Gross Profit Margin 24.43% 25.51% 16.38%
Selling, General & Admin $43.00M $42.27M $40.17M
YoY Change 4.45% 18.54% 8.26%
% of Gross Profit 64.28% 63.2% 99.53%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $1.554M $1.523M $1.508M
YoY Change 15.8% 14.94% 16.0%
% of Gross Profit 2.32% 2.28% 3.74%
Operating Expenses $43.00M $42.27M $41.67M
YoY Change 1.15% 18.54% 8.52%
Operating Profit $22.35M $23.09M -$1.320M
YoY Change 26.08% 12.73% -82.48%
Interest Expense $35.00K $33.00K $1.604M
YoY Change -98.03% -58.23% 6.93%
% of Operating Profit 0.16% 0.14%
Other Income/Expense, Net $1.568M $1.554M $32.00K
YoY Change -17.03%
Pretax Income $23.91M $24.64M $316.0K
YoY Change 22.62% 10.23% -105.18%
Income Tax $6.476M $6.630M $28.00K
% Of Pretax Income 27.08% 26.9% 8.86%
Net Earnings $17.44M $18.01M $288.0K
YoY Change 16.81% 5.41% -106.32%
Net Earnings / Revenue 6.37% 6.87% 0.12%
Basic Earnings Per Share $2.48 $2.52 $0.04
Diluted Earnings Per Share $2.45 $2.48 $0.04
COMMON SHARES
Basic Shares Outstanding 7.089M 7.162M 7.406M
Diluted Shares Outstanding 7.127M 7.257M 7.474M

Balance Sheet

Concept 2022 Q3 2022 Q2 2022 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $132.1M $111.4M $415.5M
YoY Change -69.72% 1.5% -12.37%
Cash & Equivalents $58.95M $34.10M $46.07M
Short-Term Investments $73.19M $77.30M $369.4M
Other Short-Term Assets $134.1M $132.3M $132.7M
YoY Change 26.89% 7.46% 16.58%
Inventory
Prepaid Expenses
Receivables $194.5M $266.9M $256.3M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $460.8M $510.5M $516.4M
YoY Change -0.54% 10.41% 9.38%
LONG-TERM ASSETS
Property, Plant & Equipment $43.22M $41.73M $59.96M
YoY Change -25.51% -28.94% 1.8%
Goodwill $47.82M $47.82M
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $3.339M $2.438M $160.4M
YoY Change -98.61% -99.18% -39.21%
Total Long-Term Assets $236.2M $245.7M $268.1M
YoY Change -31.67% -39.13% -27.65%
TOTAL ASSETS
Total Short-Term Assets $460.8M $510.5M $516.4M
Total Long-Term Assets $236.2M $245.7M $268.1M
Total Assets $697.0M $756.3M $784.5M
YoY Change -13.84% -12.68% -6.9%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $4.553M $4.321M $4.332M
YoY Change 1.56% -6.19% -22.64%
Accrued Expenses $332.1M $377.5M $382.4M
YoY Change -3.33% -4.47% 8.42%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00 $0.00 $0.00
YoY Change -100.0% -100.0% -100.0%
Total Short-Term Liabilities $341.8M $389.8M $391.9M
YoY Change -4.26% -4.2% 5.98%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change -100.0% -100.0%
Other Long-Term Liabilities $183.9M $192.0M $206.9M
YoY Change -23.84% -24.14% -26.73%
Total Long-Term Liabilities $183.9M $192.0M $206.9M
YoY Change -23.84% 5548.96% -27.63%
TOTAL LIABILITIES
Total Short-Term Liabilities $341.8M $389.8M $391.9M
Total Long-Term Liabilities $183.9M $192.0M $206.9M
Total Liabilities $525.6M $581.8M $598.8M
YoY Change -12.59% -12.74% -9.02%
SHAREHOLDERS EQUITY
Retained Earnings $170.7M $165.4M
YoY Change
Common Stock $31.42M $31.01M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $171.4M $174.5M $185.7M
YoY Change
Total Liabilities & Shareholders Equity $697.0M $756.3M $784.5M
YoY Change -13.84% -12.68% -6.9%

Cashflow Statement

Concept 2022 Q3 2022 Q2 2022 Q1
OPERATING ACTIVITIES
Net Income $17.44M $18.01M $288.0K
YoY Change 16.81% 5.41% -106.32%
Depreciation, Depletion And Amortization $1.554M $1.523M $1.508M
YoY Change 15.8% 14.94% 16.0%
Cash From Operating Activities $34.36M -$7.207M -$30.21M
YoY Change -154.6% -168.5% 283.17%
INVESTING ACTIVITIES
Capital Expenditures -$3.050M -$1.654M -$6.754M
YoY Change 70.2% 16.15% 275.22%
Acquisitions
YoY Change
Other Investing Activities $6.139M $20.53M $27.26M
YoY Change -92.33% -123.95% -122.23%
Cash From Investing Activities $3.089M $18.88M $20.51M
YoY Change -96.05% -121.64% -116.49%
FINANCING ACTIVITIES
Cash Dividend Paid $2.229M
YoY Change -2.15%
Common Stock Issuance & Retirement, Net $8.575M
YoY Change 149.56%
Debt Paid & Issued, Net $3.510M
YoY Change 6281.82%
Cash From Financing Activities -13.57M -22.37M -14.09M
YoY Change 87.09% 295.51% 178.36%
NET CHANGE
Cash From Operating Activities 34.36M -7.207M -30.21M
Cash From Investing Activities 3.089M 18.88M 20.51M
Cash From Financing Activities -13.57M -22.37M -14.09M
Net Change In Cash 23.88M -10.70M -23.79M
YoY Change 196.46% -87.01% -82.67%
FREE CASH FLOW
Cash From Operating Activities $34.36M -$7.207M -$30.21M
Capital Expenditures -$3.050M -$1.654M -$6.754M
Free Cash Flow $37.41M -$5.553M -$23.46M
YoY Change -161.19% -146.49% 285.52%

Facts In Submission

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bbsi Workers Compensation Incurred But Not Reported
WorkersCompensationIncurredButNotReported
190818000
CY2021Q2 bbsi Workers Compensation Percent To Liabilities Incurred But Not Reported
WorkersCompensationPercentToLiabilitiesIncurredButNotReported
0.60
bbsi Workers Compensation Percent To Liabilities Incurred But Not Reported
WorkersCompensationPercentToLiabilitiesIncurredButNotReported
0.51
CY2022Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
7162000
CY2021Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
7554000
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
81000
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
93000
CY2022Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
7257000
CY2021Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
7645000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
7365000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
7658000
us-gaap Use Of Estimates
UseOfEstimates
<p style="margin-top:8pt;margin-bottom: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. 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 doubtful accounts, deferred income taxes, carrying values for goodwill and property, equipment and software, accrued workers’ compensation liabilities and safety incentive liabilities. Actual results may or may not differ from such estimates.</p>
CY2022Q2 us-gaap Available For Sale Debt Securities Amortized Cost Basis
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399680000
CY2021Q4 us-gaap Debt Securities Available For Sale Accumulated Gross Unrealized Gain Loss Before Tax
DebtSecuritiesAvailableForSaleAccumulatedGrossUnrealizedGainLossBeforeTax
1491000
CY2021Q4 us-gaap Marketable Securities
MarketableSecurities
401171000
CY2022Q2 us-gaap Restricted Cash
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CY2021Q4 us-gaap Restricted Cash
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9200000
CY2022Q2 us-gaap Available For Sale Securities Debt Maturities Within One Year Fair Value
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValue
39851000
CY2022Q2 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue
67006000
CY2022Q2 us-gaap Available For Sale Securities Debt Maturities After Five Through Ten Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsFairValue
143069000
CY2022Q2 us-gaap Available For Sale Securities Debt Maturities After Ten Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterTenYearsFairValue
16706000
CY2022Q2 us-gaap Available For Sale Securities Debt Maturities Single Maturity Date
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266632000
CY2021Q4 us-gaap Available For Sale Securities Debt Maturities Within One Year Fair Value
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39211000
CY2021Q4 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Fair Value
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65144000
CY2021Q4 us-gaap Available For Sale Securities Debt Maturities After Five Through Ten Years Fair Value
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180213000
CY2021Q4 us-gaap Available For Sale Securities Debt Maturities After Ten Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterTenYearsFairValue
27445000
CY2021Q2 bbsi Workers Compensation Claim Payments Current Period
WorkersCompensationClaimPaymentsCurrentPeriod
3927000
bbsi Workers Compensation Claim Payments Current Period
WorkersCompensationClaimPaymentsCurrentPeriod
1028000
bbsi Workers Compensation Claim Payments Current Period
WorkersCompensationClaimPaymentsCurrentPeriod
4979000
bbsi Workers Compensation Change In Claims Incurred In Excess Of Retention Limits
WorkersCompensationChangeInClaimsIncurredInExcessOfRetentionLimits
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CY2022Q2 us-gaap Workers Compensation Liability Current And Noncurrent
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CY2021 bbsi Workers Compensation Claims Incurred In Excess Of Retention Limits
WorkersCompensationClaimsIncurredInExcessOfRetentionLimits
2200000
CY2022Q2 bbsi Claim Payments Prior Period
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18257000
CY2021Q2 us-gaap Workers Compensation Liability Current And Noncurrent
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315733000
CY2022Q2 us-gaap Workers Compensation Liability Current And Noncurrent
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bbsi Workers Compensation Expense Accrual Claims For Current Period
WorkersCompensationExpenseAccrualClaimsForCurrentPeriod
8825000
bbsi Workers Compensation Expense Accrual Claims For Current Period
WorkersCompensationExpenseAccrualClaimsForCurrentPeriod
69013000
CY2021Q2 bbsi Workers Compensation Expense Adjustments Accrual Claims For Prior Periods
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-5483000
bbsi Workers Compensation Expense Adjustments Accrual Claims For Prior Periods
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-9377000
bbsi Workers Compensation Expense Adjustments Accrual Claims For Prior Periods
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-6663000
CY2021Q2 bbsi Workers Compensation Expense Accrual Claims
WorkersCompensationExpenseAccrualClaims
30260000
bbsi Workers Compensation Expense Accrual Claims
WorkersCompensationExpenseAccrualClaims
-552000
bbsi Workers Compensation Expense Accrual Claims
WorkersCompensationExpenseAccrualClaims
62350000
CY2022Q2 bbsi Workers Compensation Claim Payments Current Period
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803000
CY2021Q2 bbsi Claim Payments Prior Period
ClaimPaymentsPriorPeriod
73240000
bbsi Claim Payments Prior Period
ClaimPaymentsPriorPeriod
36291000
bbsi Claim Payments Prior Period
ClaimPaymentsPriorPeriod
99005000
CY2022Q2 bbsi Workers Compensation Claim Payments
WorkersCompensationClaimPayments
19060000
CY2021Q2 bbsi Workers Compensation Claim Payments
WorkersCompensationClaimPayments
77167000
bbsi Workers Compensation Claim Payments
WorkersCompensationClaimPayments
37319000
bbsi Workers Compensation Claim Payments
WorkersCompensationClaimPayments
103984000
CY2021Q2 bbsi Workers Compensation Change In Claims Incurred In Excess Of Retention Limits
WorkersCompensationChangeInClaimsIncurredInExcessOfRetentionLimits
-23000
bbsi Workers Compensation Change In Claims Incurred In Excess Of Retention Limits
WorkersCompensationChangeInClaimsIncurredInExcessOfRetentionLimits
-26000
bbsi Workers Compensation Percent To Liabilities Incurred But Not Reported
WorkersCompensationPercentToLiabilitiesIncurredButNotReported
0.60
bbsi Description Of Renewed Agreement
DescriptionOfRenewedAgreement
The Company entered into a new arrangement for its insured program effective July 1, 2021 whereby third-party insurers assume all risk of loss for claims incurred from July 1, 2021 to June 30, 2022 (the “2021-2022 Policy”). The 2021-2022 Policy allows for premium adjustments depending on overall policy performance. If claims develop favorably, BBSI can participate in the savings up to $20.0 million for the twelve-month policy period. If claims develop adversely, additional premium may be charged up to $7.5 million for a twelve-month policy period.
bbsi Maximum Savings Amount If Claims Develop Favorably
MaximumSavingsAmountIfClaimsDevelopFavorably
20000000.0
bbsi Maximum Additional Premium Charged Amount If Claims Develop Adversely
MaximumAdditionalPremiumChargedAmountIfClaimsDevelopAdversely
7500000
CY2020Q2 bbsi Insurance Deposit As Security For Future Payment Obligations Under Workers Compensation Program
InsuranceDepositAsSecurityForFuturePaymentObligationsUnderWorkersCompensationProgram
115700000
CY2020Q2 bbsi Insurance Deposit As Security For Future Payment Obligations Under Workers Compensation Program
InsuranceDepositAsSecurityForFuturePaymentObligationsUnderWorkersCompensationProgram
115700000
bbsi Percentage Of Claims Excluded
PercentageOfClaimsExcluded
0.10
CY2022Q2 bbsi Insurance Deposit As Security For Future Payment Obligations Under Workers Compensation Program
InsuranceDepositAsSecurityForFuturePaymentObligationsUnderWorkersCompensationProgram
213700000
CY2021Q4 bbsi Insurance Deposit As Security For Future Payment Obligations Under Workers Compensation Program
InsuranceDepositAsSecurityForFuturePaymentObligationsUnderWorkersCompensationProgram
273600000
CY2022Q2 us-gaap Workers Compensation Liability Current And Noncurrent
WorkersCompensationLiabilityCurrentAndNoncurrent
241500000
bbsi Workers Compensation Claims Incurred In Excess Of Retention Limits
WorkersCompensationClaimsIncurredInExcessOfRetentionLimits
2100000
us-gaap Line Of Credit Facility Commitment Fee Description
LineOfCreditFacilityCommitmentFeeDescription
The Agreement also provides for an unused commitment fee of 0.30% 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
CY2022Q2 us-gaap Debt Instrument Carrying Amount
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CY2017 us-gaap Income Tax Examination Interest Expense
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1700000
CY2018 bbsi Estimated Tax Due
EstimatedTaxDue
1700000
CY2019 bbsi Estimated Tax Due
EstimatedTaxDue
1600000
CY2020 bbsi Estimated Tax Due
EstimatedTaxDue
700000
CY2021 bbsi Estimated Tax Due
EstimatedTaxDue
200000
CY2022Q2 us-gaap Deferred Tax Assets Operating Loss Carryforwards State And Local
DeferredTaxAssetsOperatingLossCarryforwardsStateAndLocal
0
us-gaap Operating Income Loss
OperatingIncomeLoss
21770000
CY2022Q2 us-gaap Accounts Receivable Net Current
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266870000
CY2022Q2 bbsi Safety Incentives Liability Current
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2760000
CY2022Q2 us-gaap Revenue From Contract With Customer Including Assessed Tax
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262179000
dei Document Fiscal Year Focus
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2022
CY2021Q2 us-gaap Investment Income Net
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1965000
dei Document Period End Date
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2022-06-30
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20358000
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17606000
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111905000
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67238000
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510534000
CY2021Q4 us-gaap Assets Current
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406719000
CY2021Q4 us-gaap Property Plant And Equipment Net
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36277000
CY2021Q2 us-gaap Revenue From Contract With Customer Including Assessed Tax
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233203000
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CostOfGoodsAndServicesSold
175730000
us-gaap Depreciation And Amortization
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2625000
CY2021Q2 us-gaap Interest Expense
InterestExpense
79000
us-gaap Interest Expense
InterestExpense
67000
CY2021Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-13000
us-gaap Other Nonoperating Income Expense
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51000
CY2022Q2 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
1554000
CY2021Q2 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
1873000
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q2
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2022Q2 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
CY2021Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
dei Document Quarterly Report
DocumentQuarterlyReport
true
dei Entity File Number
EntityFileNumber
0-21886
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 Security12b Title
Security12bTitle
Common Stock, Par Value $0.01 Per Share
dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
dei Entity Address Address Line2
EntityAddressAddressLine2
Suite 200
dei Entity Address City Or Town
EntityAddressCityOrTown
Vancouver
dei Entity Address Postal Zip Code
EntityAddressPostalZipCode
98662
dei City Area Code
CityAreaCode
360
dei Local Phone Number
LocalPhoneNumber
828-0700
dei Entity Interactive Data Current
EntityInteractiveDataCurrent
Yes
dei Trading Symbol
TradingSymbol
BBSI
dei Security Exchange Name
SecurityExchangeName
NASDAQ
dei Entity Filer Category
EntityFilerCategory
Accelerated Filer
CY2022Q2 us-gaap Available For Sale Securities Debt Securities Current
AvailableForSaleSecuritiesDebtSecuritiesCurrent
77303000
dei Document Type
DocumentType
10-Q
dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
false
dei Entity Shell Company
EntityShellCompany
false
CY2022Q3 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
7088682
CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
69405000
CY2022Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
34098000
dei Entity Small Business
EntitySmallBusiness
false
CY2022Q2 us-gaap Common Stock Shares Authorized
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20500000
CY2022Q2 us-gaap Liabilities
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581776000
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7191000
CY2021Q4 us-gaap Workers Compensation Liability Current
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80028000
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7096000
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315396000
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Assets
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18601000
CY2021Q4 us-gaap Operating Lease Right Of Use Asset
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CY2021Q4 us-gaap Restricted Cash And Investments Noncurrent
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232965000
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47820000
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CY2022Q2 us-gaap Other Accrued Liabilities Current
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18873000
CY2021Q4 bbsi Safety Incentives Liability Current
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4322000
CY2021Q4 us-gaap Loans Payable To Bank Current
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3510000
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4321000
CY2021Q4 us-gaap Accounts Payable Current
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4485000
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282754000
CY2021Q4 bbsi Accrued Payroll Payroll Taxes And Related Benefits Liabilities Current
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172380000
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OperatingLeaseLiabilityNoncurrent
13267000
CY2021Q4 us-gaap Operating Lease Liability Noncurrent
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14598000
CY2022Q2 bbsi Customer Deposits And Other Long Term Liabilities
CustomerDepositsAndOtherLongTermLiabilities
6361000
CY2021Q4 bbsi Customer Deposits And Other Long Term Liabilities
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7362000
CY2021Q4 us-gaap Liabilities
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165389000
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174498000
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71000
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30941000
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74000
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29054000
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1079000
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178323000
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us-gaap Gross Profit
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88338000
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us-gaap Income Tax Expense Benefit
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us-gaap Net Income Loss
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us-gaap Net Income Loss
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12536000
us-gaap Earnings Per Share Basic
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2.51
us-gaap Earnings Per Share Basic
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1.66
us-gaap Weighted Average Number Of Shares Outstanding Basic
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us-gaap Weighted Average Number Of Shares Outstanding Basic
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7565000
us-gaap Earnings Per Share Diluted
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1.64
us-gaap Weighted Average Number Of Diluted Shares Outstanding
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
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7658000
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7554000
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2.24
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828000
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2151000
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us-gaap Net Income Loss
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us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
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us-gaap Comprehensive Income Net Of Tax
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CY2022Q1 us-gaap Treasury Stock Value Acquired Cost Method
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CY2022Q1 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
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AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
1335000
CY2021Q4 us-gaap Workers Compensation Liability Current And Noncurrent
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279400000
CY2021Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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91000
CY2022Q2 bbsi Collateral Securities Maintain To Cover Potential Workers Compensation Claims Losses
CollateralSecuritiesMaintainToCoverPotentialWorkersCompensationClaimsLosses
49700000
CY2021Q4 bbsi Collateral Securities Maintain To Cover Potential Workers Compensation Claims Losses
CollateralSecuritiesMaintainToCoverPotentialWorkersCompensationClaimsLosses
58400000
CY2022Q2 bbsi Standby Letters Of Credit And Surety Bond
StandbyLettersOfCreditAndSuretyBond
49700000
CY2022Q2 bbsi Workers Compensation Expense Accrual Claims For Current Period
WorkersCompensationExpenseAccrualClaimsForCurrentPeriod
4541000
CY2022Q2 bbsi Workers Compensation Expense Adjustments Accrual Claims For Prior Periods
WorkersCompensationExpenseAdjustmentsAccrualClaimsForPriorPeriods
-6458000
CY2022Q2 bbsi Workers Compensation Expense Accrual Claims
WorkersCompensationExpenseAccrualClaims
-1917000
CY2022Q2 bbsi Workers Compensation Change In Claims Incurred In Excess Of Retention Limits
WorkersCompensationChangeInClaimsIncurredInExcessOfRetentionLimits
-159000
CY2022Q2 bbsi Workers Compensation Incurred But Not Reported
WorkersCompensationIncurredButNotReported
124320000
CY2022Q2 bbsi Workers Compensation Percent To Liabilities Incurred But Not Reported
WorkersCompensationPercentToLiabilitiesIncurredButNotReported
0.51

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