2020 Q2 Form 10-Q Financial Statement

#000100075320000041 Filed on August 04, 2020

View on sec.gov

Income Statement

Concept 2020 Q2 2019 Q2 2019 Q1
Revenue $993.4M $1.043B $1.153B
YoY Change -4.79% 13.12% 13.67%
Cost Of Revenue $773.1M $869.6M $926.3M
YoY Change -11.1% 13.26% 13.7%
Gross Profit $220.2M $173.7M $226.7M
YoY Change 26.77% 12.42% 13.52%
Gross Profit Margin 22.17% 16.65% 19.66%
Selling, General & Admin $139.4M $128.1M $134.6M
YoY Change 8.82% 10.91% 3.7%
% of Gross Profit 63.29% 73.73% 59.37%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $7.900M $6.900M $6.700M
YoY Change 14.49% 25.45% 28.85%
% of Gross Profit 3.59% 3.97% 2.96%
Operating Expenses $147.3M $135.0M $141.3M
YoY Change 9.07% 11.62% 4.62%
Operating Profit $72.99M $38.72M $85.46M
YoY Change 88.5% 15.3% 32.08%
Interest Expense $2.219M $1.639M $1.681M
YoY Change 35.39% 47.92% 57.1%
% of Operating Profit 3.04% 4.23% 1.97%
Other Income/Expense, Net
YoY Change
Pretax Income $71.14M $39.88M $87.03M
YoY Change 78.36% 16.34% 33.7%
Income Tax $19.29M $11.33M $10.74M
% Of Pretax Income 27.11% 28.4% 12.34%
Net Earnings $51.85M $28.56M $76.29M
YoY Change 81.58% 16.27% 52.61%
Net Earnings / Revenue 5.22% 2.74% 6.62%
Basic Earnings Per Share $1.34 $0.69 $1.86
Diluted Earnings Per Share $1.33 $0.69 $1.85
COMMON SHARES
Basic Shares Outstanding 38.57M shares 40.77M shares 40.51M shares
Diluted Shares Outstanding 38.65M shares 40.92M shares 40.65M shares

Balance Sheet

Concept 2020 Q2 2019 Q2 2019 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $491.4M $386.1M $452.5M
YoY Change 27.27% 22.22% 26.89%
Cash & Equivalents $459.4M $324.9M $398.9M
Short-Term Investments $32.00M $61.10M $53.60M
Other Short-Term Assets $34.65M $29.79M $36.62M
YoY Change 16.3% 31.6% 29.0%
Inventory
Prepaid Expenses
Receivables $473.9M $424.1M $421.3M
Other Receivables $0.00 $11.50M $0.00
Total Short-Term Assets $1.069B $919.2M $980.1M
YoY Change 16.26% 22.59% 22.36%
LONG-TERM ASSETS
Property, Plant & Equipment $177.8M $120.8M $116.1M
YoY Change 47.12% 22.01% 19.65%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $6.151M $6.197M $5.534M
YoY Change -0.74% 12.0% 0.38%
Total Long-Term Assets $449.1M $397.8M $370.9M
YoY Change 12.89% 32.04% 27.7%
TOTAL ASSETS
Total Short-Term Assets $1.069B $919.2M $980.1M
Total Long-Term Assets $449.1M $397.8M $370.9M
Total Assets $1.518B $1.317B $1.351B
YoY Change 15.24% 25.3% 23.78%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.885M $6.548M $7.854M
YoY Change -55.94% 58.82% 42.36%
Accrued Expenses $60.74M $39.76M $49.24M
YoY Change 52.79% 65.0% 77.8%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $840.6M $769.8M $850.4M
YoY Change 9.19% 17.57% 19.84%
LONG-TERM LIABILITIES
Long-Term Debt $369.4M $169.4M $144.4M
YoY Change 118.06% 62.26% 38.31%
Other Long-Term Liabilities $262.4M $0.00 $0.00
YoY Change -100.0% -100.0%
Total Long-Term Liabilities $632.5M $412.3M $381.4M
YoY Change 53.43% 48.07% 36.7%
TOTAL LIABILITIES
Total Short-Term Liabilities $840.6M $769.8M $850.4M
Total Long-Term Liabilities $632.5M $412.3M $381.4M
Total Liabilities $1.473B $1.182B $1.232B
YoY Change 24.62% 26.67% 24.59%
SHAREHOLDERS EQUITY
Retained Earnings $581.6M $477.2M $460.9M
YoY Change 21.89% 34.9% 36.55%
Common Stock $55.34M $41.56M $34.39M
YoY Change 33.14% 48.88% 48.2%
Preferred Stock
YoY Change
Treasury Stock (at cost) $592.3M $383.8M $376.1M
YoY Change 54.32% 45.52% 45.83%
Treasury Stock Shares
Shareholders Equity $44.64M $134.9M $119.2M
YoY Change
Total Liabilities & Shareholders Equity $1.518B $1.317B $1.351B
YoY Change 15.24% 25.3% 23.78%

Cashflow Statement

Concept 2020 Q2 2019 Q2 2019 Q1
OPERATING ACTIVITIES
Net Income $51.85M $28.56M $76.29M
YoY Change 81.58% 16.27% 52.61%
Depreciation, Depletion And Amortization $7.900M $6.900M $6.700M
YoY Change 14.49% 25.45% 28.85%
Cash From Operating Activities $91.10M -$45.30M $117.7M
YoY Change -301.1% 251.16% 289.8%
INVESTING ACTIVITIES
Capital Expenditures -$23.90M -$11.60M $5.608M
YoY Change 106.03% 56.76% -14.84%
Acquisitions
YoY Change
Other Investing Activities -$12.60M -$7.300M $7.300M
YoY Change 72.6% 37.74%
Cash From Investing Activities -$36.50M -$18.90M $1.713M
YoY Change 93.12% 48.82% -126.07%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -13.70M 5.500M -$40.34M
YoY Change -349.09% -135.95% -342.77%
NET CHANGE
Cash From Operating Activities 91.10M -45.30M $117.7M
Cash From Investing Activities -36.50M -18.90M $1.713M
Cash From Financing Activities -13.70M 5.500M -$40.34M
Net Change In Cash 40.90M -58.70M $79.07M
YoY Change -169.68% 43.52% 96.51%
FREE CASH FLOW
Cash From Operating Activities $91.10M -$45.30M $117.7M
Capital Expenditures -$23.90M -$11.60M $5.608M
Free Cash Flow $115.0M -$33.70M $112.1M
YoY Change -441.25% 512.73% 374.77%

Facts In Submission

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CY2020Q2 nsp Gross Billings
GrossBillings
6355683000 USD
CY2019Q2 nsp Gross Billings
GrossBillings
6377014000 USD
nsp Gross Billings
GrossBillings
13792437000 USD
nsp Gross Billings
GrossBillings
13248684000 USD
CY2020Q2 nsp Worksite Employee Payroll Cost
WorksiteEmployeePayrollCost
5362317000 USD
CY2019Q2 nsp Worksite Employee Payroll Cost
WorksiteEmployeePayrollCost
5333698000 USD
nsp Worksite Employee Payroll Cost
WorksiteEmployeePayrollCost
11569588000 USD
nsp Worksite Employee Payroll Cost
WorksiteEmployeePayrollCost
11052358000 USD
CY2020Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
993366000 USD
CY2019Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1043316000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
2222849000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
2196326000 USD
us-gaap Net Income Loss
NetIncomeLoss
113943000 USD
us-gaap Net Income Loss
NetIncomeLoss
104845000 USD
us-gaap Depreciation And Amortization
DepreciationAndAmortization
15510000 USD
us-gaap Depreciation And Amortization
DepreciationAndAmortization
13599000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
17246000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
14296000 USD
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
4668000 USD
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
8260000 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
8156000 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
23512000 USD
us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
13076000 USD
us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
16058000 USD
us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
-8842000 USD
us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
2073000 USD
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-6979000 USD
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
2033000 USD
us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
-1680000 USD
us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
-4074000 USD
us-gaap Increase Decrease In Other Employee Related Liabilities
IncreaseDecreaseInOtherEmployeeRelatedLiabilities
-57756000 USD
us-gaap Increase Decrease In Other Employee Related Liabilities
IncreaseDecreaseInOtherEmployeeRelatedLiabilities
-16472000 USD
nsp Increase Decreasein Wse Epayrollexpense
IncreaseDecreaseinWSEEpayrollexpense
7209000 USD
nsp Increase Decreasein Wse Epayrollexpense
IncreaseDecreaseinWSEEpayrollexpense
43553000 USD
us-gaap Increase Decrease In Health Care Insurance Liabilities
IncreaseDecreaseInHealthCareInsuranceLiabilities
8534000 USD
us-gaap Increase Decrease In Health Care Insurance Liabilities
IncreaseDecreaseInHealthCareInsuranceLiabilities
-14777000 USD
us-gaap Increase Decrease In Workers Compensation Liabilities
IncreaseDecreaseInWorkersCompensationLiabilities
-357000 USD
us-gaap Increase Decrease In Workers Compensation Liabilities
IncreaseDecreaseInWorkersCompensationLiabilities
2133000 USD
us-gaap Increase Decrease In Accrued Salaries
IncreaseDecreaseInAccruedSalaries
-19273000 USD
us-gaap Increase Decrease In Accrued Salaries
IncreaseDecreaseInAccruedSalaries
-22878000 USD
us-gaap Increase Decrease In Income Taxes
IncreaseDecreaseInIncomeTaxes
32228000 USD
us-gaap Increase Decrease In Income Taxes
IncreaseDecreaseInIncomeTaxes
-12381000 USD
us-gaap Adjustments To Reconcile Net Income Loss To Cash Provided By Used In Operating Activities
AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities
918000 USD
us-gaap Adjustments To Reconcile Net Income Loss To Cash Provided By Used In Operating Activities
AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities
-32417000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
114861000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
72428000 USD
us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
25438000 USD
us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
60609000 USD
nsp Marketable Securities Proceeds From Dispositions
MarketableSecuritiesProceedsFromDispositions
484000 USD
nsp Marketable Securities Proceeds From Dispositions
MarketableSecuritiesProceedsFromDispositions
5499000 USD
us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
27625000 USD
us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
55110000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
39466000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
17207000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-36795000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-17207000 USD
nsp Treasury Stock Acquired
TreasuryStockAcquired
61230000 USD
nsp Treasury Stock Acquired
TreasuryStockAcquired
38796000 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
31074000 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
24740000 USD
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
100000000 USD
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
25000000 USD
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
4247000 USD
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
3763000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
11943000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-34773000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
90009000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
20448000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
592550000 USD
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
535474000 USD
CY2020Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
682559000 USD
CY2019Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
555922000 USD
CY2019Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
367342000 USD
CY2018Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
326773000 USD
CY2019Q4 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
49295000 USD
CY2018Q4 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
42227000 USD
CY2019Q4 nsp Deposits Workers Compensation
DepositsWorkersCompensation
175913000 USD
CY2018Q4 nsp Deposits Workers Compensation
DepositsWorkersCompensation
166474000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
592550000 USD
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
535474000 USD
CY2020Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
459399000 USD
CY2019Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
324926000 USD
CY2020Q2 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
45216000 USD
CY2019Q2 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
43268000 USD
CY2020Q2 nsp Deposits Workers Compensation
DepositsWorkersCompensation
177944000 USD
CY2019Q2 nsp Deposits Workers Compensation
DepositsWorkersCompensation
187728000 USD
CY2020Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
682559000 USD
CY2019Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
555922000 USD
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
10196000 USD
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
11894000 USD
CY2019Q4 us-gaap Stockholders Equity
StockholdersEquity
4079000 USD
us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
-61230000 USD
us-gaap Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
0 USD
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
17246000 USD
us-gaap Stockholders Equity Other
StockholdersEquityOther
-1605000 USD
us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
-31074000 USD
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
69000 USD
us-gaap Net Income Loss
NetIncomeLoss
113943000 USD
CY2020Q2 us-gaap Stockholders Equity
StockholdersEquity
44638000 USD
CY2018Q4 us-gaap Stockholders Equity
StockholdersEquity
77676000 USD
us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
-38796000 USD
us-gaap Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
0 USD
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
14296000 USD
us-gaap Stockholders Equity Other
StockholdersEquityOther
-1545000 USD
us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
-24740000 USD
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
63000 USD
us-gaap Net Income Loss
NetIncomeLoss
104845000 USD
CY2019Q2 us-gaap Stockholders Equity
StockholdersEquity
134889000 USD
CY2020Q1 us-gaap Stockholders Equity
StockholdersEquity
-3310000 USD
CY2020Q2 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
-27000 USD
CY2020Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
10694000 USD
CY2020Q2 us-gaap Stockholders Equity Other
StockholdersEquityOther
-963000 USD
CY2020Q2 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
-15517000 USD
CY2020Q2 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
-16000 USD
CY2020Q2 us-gaap Net Income Loss
NetIncomeLoss
51851000 USD
CY2020Q2 us-gaap Stockholders Equity
StockholdersEquity
44638000 USD
CY2019Q1 us-gaap Stockholders Equity
StockholdersEquity
119194000 USD
CY2019Q2 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
-9759000 USD
CY2019Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
8256000 USD
CY2019Q2 us-gaap Stockholders Equity Other
StockholdersEquityOther
-946000 USD
CY2019Q2 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
-12354000 USD
CY2019Q2 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
50000 USD
CY2019Q2 us-gaap Net Income Loss
NetIncomeLoss
28556000 USD
CY2019Q2 us-gaap Stockholders Equity
StockholdersEquity
134889000 USD
CY2020Q2 nsp Percentageofourhealthinsurancecoverageprovidedby United
PercentageofourhealthinsurancecoverageprovidedbyUnited
0.87
nsp Number Of Days In Advance Of Beginning Of Reporting Quarter Carrier Establishes Cash Funding Rates
NumberOfDaysInAdvanceOfBeginningOfReportingQuarterCarrierEstablishesCashFundingRates
P90D
CY2020Q2 nsp Prepaid Health Insurance Noncurrent
PrepaidHealthInsuranceNoncurrent
9000000.0 USD
CY2020Q2 nsp Required Deposit For Health Care Costs
RequiredDepositForHealthCareCosts
6500000 USD
CY2020Q2 nsp Prepaid Health Insurance Current And Noncurrent
PrepaidHealthInsuranceCurrentAndNoncurrent
19500000 USD
CY2020Q2 nsp Prepaid Health Insurance Noncurrent
PrepaidHealthInsuranceNoncurrent
9000000.0 USD
CY2020Q2 nsp Prepaid Health Insurance Current
PrepaidHealthInsuranceCurrent
10500000 USD
CY2020Q2 nsp Premiums Owed To United
PremiumsOwedToUnited
23400000 USD
CY2020Q2 nsp Benefits Costs Incurred Reduced Relatedto Runoff
BenefitsCostsIncurredReducedRelatedtoRunoff
-3000000.0 USD
CY2019Q2 nsp Benefits Costs Incurred Reduced Relatedto Runoff
BenefitsCostsIncurredReducedRelatedtoRunoff
3500000 USD
CY2020Q2 nsp Workers Compensation Maximum Economic Burden First Layer Of Claims Per Occurrence
WorkersCompensationMaximumEconomicBurdenFirstLayerOfClaimsPerOccurrence
1000000 USD
CY2020Q2 nsp Workers Compensation Maximum Economic Burden First Layer Of Claims Per Occurrence
WorkersCompensationMaximumEconomicBurdenFirstLayerOfClaimsPerOccurrence
1000000 USD
CY2020Q2 nsp Workers Compensation Maximum Aggregate Economic Burden For Claims In Excess Of First Layer Cap Per Policy Year
WorkersCompensationMaximumAggregateEconomicBurdenForClaimsInExcessOfFirstLayerCapPerPolicyYear
6000000 USD
CY2020Q2 nsp Workers Compensation Maximum Economic Burden First Layer Of Claims Per Occurrence
WorkersCompensationMaximumEconomicBurdenFirstLayerOfClaimsPerOccurrence
1000000 USD
CY2019Q4 nsp Workers Compensation Maximum Economic Burden First Layer Of Claims Per Occurrence
WorkersCompensationMaximumEconomicBurdenFirstLayerOfClaimsPerOccurrence
1500000 USD
CY2019Q4 nsp Workers Compensation Maximum Economic Burden First Layer Of Claims Per Occurrence
WorkersCompensationMaximumEconomicBurdenFirstLayerOfClaimsPerOccurrence
1500000 USD
CY2019Q4 nsp Workers Compensation Maximum Aggregate Economic Burden For Claims In Excess Of First Layer Cap Per Policy Year
WorkersCompensationMaximumAggregateEconomicBurdenForClaimsInExcessOfFirstLayerCapPerPolicyYear
6000000 USD
CY2019Q4 nsp Workers Compensation Maximum Economic Burden First Layer Of Claims Per Occurrence
WorkersCompensationMaximumEconomicBurdenFirstLayerOfClaimsPerOccurrence
1500000 USD
nsp Decrease Increase In Accrued Workers Compensation Costs For Changes In Estimated Losses
DecreaseIncreaseInAccruedWorkersCompensationCostsForChangesInEstimatedLosses
22200000 USD
nsp Decrease Increase In Accrued Workers Compensation Costs For Changes In Estimated Losses
DecreaseIncreaseInAccruedWorkersCompensationCostsForChangesInEstimatedLosses
19000000.0 USD
nsp Us Treasury Rates That Correspond With Weighted Average Estimated Claim Payout Period
USTreasuryRatesThatCorrespondWithWeightedAverageEstimatedClaimPayoutPeriod
0.008
nsp Us Treasury Rates That Correspond With Weighted Average Estimated Claim Payout Period
USTreasuryRatesThatCorrespondWithWeightedAverageEstimatedClaimPayoutPeriod
0.023
CY2019Q4 us-gaap Liability For Unpaid Claims And Claims Adjustment Expense Opening Balance Adjustments
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseOpeningBalanceAdjustments
242904000 USD
CY2018Q4 us-gaap Liability For Unpaid Claims And Claims Adjustment Expense Opening Balance Adjustments
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseOpeningBalanceAdjustments
229639000 USD
nsp Workers Compensation Expense
WorkersCompensationExpense
21888000 USD
nsp Workers Compensation Expense
WorkersCompensationExpense
27299000 USD
nsp Workers Compensation Discount Changed During Period
WorkersCompensationDiscountChangedDuringPeriod
223000 USD
nsp Workers Compensation Discount Changed During Period
WorkersCompensationDiscountChangedDuringPeriod
-2703000 USD
us-gaap Payments For Losses And Loss Adjustment Expense
PaymentsForLossesAndLossAdjustmentExpense
-22298000 USD
us-gaap Payments For Losses And Loss Adjustment Expense
PaymentsForLossesAndLossAdjustmentExpense
-22727000 USD
CY2020Q2 us-gaap Workers Compensation Liability Current And Noncurrent
WorkersCompensationLiabilityCurrentAndNoncurrent
242717000 USD
CY2019Q2 us-gaap Workers Compensation Liability Current And Noncurrent
WorkersCompensationLiabilityCurrentAndNoncurrent
231508000 USD
CY2020Q2 nsp Workers Compensation Liability Net Of Admin Fees Current
WorkersCompensationLiabilityNetOfAdminFeesCurrent
45216000 USD
CY2019Q2 nsp Workers Compensation Liability Net Of Admin Fees Current
WorkersCompensationLiabilityNetOfAdminFeesCurrent
43267000 USD
CY2020Q2 us-gaap Workers Compensation Liability Noncurrent
WorkersCompensationLiabilityNoncurrent
197501000 USD
CY2019Q2 us-gaap Workers Compensation Liability Noncurrent
WorkersCompensationLiabilityNoncurrent
188241000 USD
CY2020Q2 us-gaap Workers Compensation Liability Current And Noncurrent
WorkersCompensationLiabilityCurrentAndNoncurrent
242717000 USD
CY2019Q2 us-gaap Workers Compensation Liability Current And Noncurrent
WorkersCompensationLiabilityCurrentAndNoncurrent
231508000 USD
CY2020Q2 nsp Workers Compensation Administrative Fees Accrued
WorkersCompensationAdministrativeFeesAccrued
3400000 USD
nsp Undiscounted Accrued Workers Compensation Costs
UndiscountedAccruedWorkersCompensationCosts
261400000 USD
nsp Undiscounted Accrued Workers Compensation Costs
UndiscountedAccruedWorkersCompensationCosts
250900000 USD
nsp Time Period Incurred Claims Expected To Be Paid Recorded As Restricted
TimePeriodIncurredClaimsExpectedToBePaidRecordedAsRestricted
P1Y
nsp Returnof Excess Claim Funds
ReturnofExcessClaimFunds
24800000 USD
CY2020Q2 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
45200000 USD
CY2020Q2 nsp Deposits Workers Compensation
DepositsWorkersCompensation
177900000 USD
nsp Time Period Estimate Of Incurred Claim Costs To Be Paid Included In Short Term Liabilities
TimePeriodEstimateOfIncurredClaimCostsToBePaidIncludedInShortTermLiabilities
P1Y
CY2020Q2 nsp Unbilled
Unbilled
463100000 USD
CY2019Q4 nsp Unbilled
Unbilled
448100000 USD
CY2020Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
993366000 USD
CY2019Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1043316000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
2222849000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
2196326000 USD
CY2020Q2 nsp Money Market Funds Overnight Holdings At Carrying Value
MoneyMarketFundsOvernightHoldingsAtCarryingValue
398668000 USD
CY2019Q4 nsp Money Market Funds Overnight Holdings At Carrying Value
MoneyMarketFundsOvernightHoldingsAtCarryingValue
349857000 USD
CY2020Q2 us-gaap Short Term Investments
ShortTermInvestments
75230000 USD
CY2019Q4 us-gaap Short Term Investments
ShortTermInvestments
47946000 USD
CY2020Q2 us-gaap Cash
Cash
29378000 USD
CY2019Q4 us-gaap Cash
Cash
36521000 USD
CY2020Q2 srt Drafts Payable
DraftsPayable
11925000 USD
CY2019Q4 srt Drafts Payable
DraftsPayable
32254000 USD
CY2020Q2 us-gaap Cash Cash Equivalents And Short Term Investments
CashCashEquivalentsAndShortTermInvestments
491351000 USD
CY2019Q4 us-gaap Cash Cash Equivalents And Short Term Investments
CashCashEquivalentsAndShortTermInvestments
402070000 USD
CY2020Q2 nsp Payroll Withholdings Included In Cash Balance
PayrollWithholdingsIncludedInCashBalance
190900000 USD
CY2019Q4 nsp Payroll Withholdings Included In Cash Balance
PayrollWithholdingsIncludedInCashBalance
234600000 USD
CY2020Q2 nsp Client Prepayments Included In Cash Balance
ClientPrepaymentsIncludedInCashBalance
-31500000 USD
CY2019Q4 nsp Client Prepayments Included In Cash Balance
ClientPrepaymentsIncludedInCashBalance
-59600000 USD
CY2020Q2 us-gaap Cash And Cash Equivalents Fair Value Disclosure
CashAndCashEquivalentsFairValueDisclosure
439496000 USD
CY2019Q4 us-gaap Cash And Cash Equivalents Fair Value Disclosure
CashAndCashEquivalentsFairValueDisclosure
363075000 USD
CY2020Q2 us-gaap Us Government Securities At Carrying Value
USGovernmentSecuritiesAtCarryingValue
11197000 USD
CY2019Q4 us-gaap Us Government Securities At Carrying Value
USGovernmentSecuritiesAtCarryingValue
34728000 USD
CY2020Q2 us-gaap Investments Fair Value Disclosure
InvestmentsFairValueDisclosure
23205000 USD
CY2019Q4 us-gaap Investments Fair Value Disclosure
InvestmentsFairValueDisclosure
0 USD
CY2020Q2 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
473898000 USD
CY2019Q4 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
397803000 USD
CY2020Q2 us-gaap Available For Sale Securities Amortized Cost
AvailableForSaleSecuritiesAmortizedCost
31870000 USD
us-gaap Available For Sale Securities Gross Unrealized Gains
AvailableForSaleSecuritiesGrossUnrealizedGains
83000 USD
us-gaap Available For Sale Securities Gross Unrealized Loss
AvailableForSaleSecuritiesGrossUnrealizedLoss
1000 USD
CY2020Q2 us-gaap Available For Sale Securities
AvailableForSaleSecurities
31952000 USD
CY2019Q4 us-gaap Available For Sale Securities Amortized Cost
AvailableForSaleSecuritiesAmortizedCost
34716000 USD
CY2019 us-gaap Available For Sale Securities Gross Unrealized Gains
AvailableForSaleSecuritiesGrossUnrealizedGains
13000 USD
us-gaap Line Of Credit Facility Interest Rate During Period
LineOfCreditFacilityInterestRateDuringPeriod
0.0282
us-gaap Line Of Credit Facility Unused Capacity Commitment Fee Percentage
LineOfCreditFacilityUnusedCapacityCommitmentFeePercentage
0.0025
CY2019 us-gaap Available For Sale Securities Gross Unrealized Loss
AvailableForSaleSecuritiesGrossUnrealizedLoss
1000 USD
CY2019Q4 us-gaap Available For Sale Securities
AvailableForSaleSecurities
34728000 USD
CY2020Q2 us-gaap Available For Sale Securities Debt Maturities Within One Year Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearAmortizedCost
31870000 USD
CY2020Q2 us-gaap Available For Sale Securities Debt Maturities Within One Year Fair Value
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValue
31952000 USD
CY2020Q2 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsAmortizedCost
0 USD
CY2020Q2 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue
0 USD
CY2020Q2 us-gaap Line Of Credit Facility Current Borrowing Capacity
LineOfCreditFacilityCurrentBorrowingCapacity
500000000 USD
CY2020Q2 us-gaap Line Of Credit Facility Maximum Borrowing Capacity
LineOfCreditFacilityMaximumBorrowingCapacity
550000000 USD
nsp Percentage Of Subsidiary Stock Securing Debt
PercentageOfSubsidiaryStockSecuringDebt
0.65
CY2020Q2 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
369400000 USD
CY2020Q2 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
1000000.0 USD
CY2020Q2 us-gaap Line Of Credit Facility Remaining Borrowing Capacity
LineOfCreditFacilityRemainingBorrowingCapacity
129600000 USD
CY2020Q2 nsp Applicable Margin Federal Funds Rate
ApplicableMarginFederalFundsRate
0.0050
CY2020Q2 nsp Applicable Margin30 Day Libor
ApplicableMargin30DayLibor
0.0200
nsp Aggregatenumberofsharesrepurchasedduringtheperiod
Aggregatenumberofsharesrepurchasedduringtheperiod
878884 shares
us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
728000 shares
CY2020Q2 us-gaap Stock Repurchase Program Remaining Number Of Shares Authorized To Be Repurchased
StockRepurchaseProgramRemainingNumberOfSharesAuthorizedToBeRepurchased
685833 shares
us-gaap Shares Paid For Tax Withholding For Share Based Compensation
SharesPaidForTaxWithholdingForShareBasedCompensation
150884 shares
CY2020Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.40
CY2019Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.30
CY2020Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.40
CY2019Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.30
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
31100000 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
24700000 USD
us-gaap Class Of Warrant Or Right Reason For Issuing To Nonemployees
ClassOfWarrantOrRightReasonForIssuingToNonemployees
Rights PlanOn May 21, 2020, the Board declared a dividend of one right (“Right”) for each outstanding share of common stock to common stockholders of record at the close of business on June 1, 2020 (the “Rights Plan”). Each Right entitles the registered holder to purchase from us a unit consisting of one one-hundredth of a share (a “Fractional Share”) of Series A Junior Participating Preferred Stock, par value $0.01 per share, at a purchase price of $255.00 per Fractional Share, subject to adjustment. Initially, the Rights are attached to all outstanding shares of our common stock. The Rights will be separate from our common stock and a “Distribution Date” will occur, with certain exceptions, upon the earlier of (i) ten days following a public announcement that a person or group of affiliated or associated persons (an “Acquiring Person”) has acquired, or obtained the right to acquire, beneficial ownership of 10% (or 20% in the case of a “13G Investor,” as defined in the Rights Plan) or more of the outstanding shares of our common stock, or (ii) ten business days following the commencement of a tender offer or exchange offer that would result in a person’s becoming an Acquiring Person. The Rights are not exercisable until the Distribution Date and will expire at the close of business on May 20, 2021, unless earlier redeemed or exchanged by us. If the rights become exercisable, each holder other than the Acquiring Person (and certain related parties) will be entitled to acquire shares of our common stock at a 50% discount or we may exchange each right held by such holders for one share of common stock.
CY2020Q2 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
255.00
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
103662000 USD
CY2020Q2 us-gaap Net Income Loss
NetIncomeLoss
51851000 USD
CY2019Q2 us-gaap Net Income Loss
NetIncomeLoss
28556000 USD
us-gaap Net Income Loss
NetIncomeLoss
113943000 USD
us-gaap Net Income Loss
NetIncomeLoss
104845000 USD
CY2020Q2 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Diluted
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossDiluted
276000 USD
CY2019Q2 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Diluted
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossDiluted
309000 USD
us-gaap Participating Securities Distributed And Undistributed Earnings Loss Diluted
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossDiluted
724000 USD
us-gaap Participating Securities Distributed And Undistributed Earnings Loss Diluted
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossDiluted
1183000 USD
CY2020Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
51575000 USD
CY2019Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
28247000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
113219000 USD
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
140000 shares
CY2020Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
38567000 shares
CY2019Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
40771000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
38684000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
40640000 shares
CY2020Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
79000 shares
CY2019Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
145000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
173000 shares
CY2020Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
38646000 shares
CY2019Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
40916000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
38857000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
40780000 shares
us-gaap Loss Contingency Damages Sought Value
LossContingencyDamagesSoughtValue
146000000 USD
us-gaap Loss Contingency Accrual Provision
LossContingencyAccrualProvision
0 USD

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