2020 Q4 Form 10-Q Financial Statement

#000100075320000051 Filed on November 02, 2020

View on sec.gov

Income Statement

Concept 2020 Q4 2020 Q3 2019 Q4
Revenue $1.056B $1.008B $1.075B
YoY Change -1.75% -3.41% 11.21%
Cost Of Revenue $888.8M $822.8M $913.2M
YoY Change -2.67% -5.73% 13.41%
Gross Profit $167.6M $185.0M $161.9M
YoY Change 3.5% 8.49% 0.21%
Gross Profit Margin 15.87% 18.36% 15.06%
Selling, General & Admin $152.0M $148.4M $126.4M
YoY Change 20.25% 15.49% 3.18%
% of Gross Profit 90.69% 80.2% 78.06%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $7.900M $7.800M $7.800M
YoY Change 1.28% 6.85% 20.0%
% of Gross Profit 4.71% 4.22% 4.82%
Operating Expenses $159.8M $156.3M $134.2M
YoY Change 19.08% 15.06% 4.11%
Operating Profit $7.800M $28.77M $27.72M
YoY Change -71.86% -17.16% -15.02%
Interest Expense -$1.500M $1.731M -$200.0K
YoY Change 650.0% -18.43% -114.29%
% of Operating Profit -19.23% 6.02% -0.72%
Other Income/Expense, Net
YoY Change
Pretax Income $6.300M $27.14M $27.60M
YoY Change -77.17% -22.85% -18.82%
Income Tax $2.000M $7.135M $7.200M
% Of Pretax Income 31.75% 26.29% 26.09%
Net Earnings $4.300M $20.01M $20.40M
YoY Change -78.92% -22.62% -17.28%
Net Earnings / Revenue 0.41% 1.99% 1.9%
Basic Earnings Per Share $0.52 $0.51
Diluted Earnings Per Share $112.9K $0.51 $0.51
COMMON SHARES
Basic Shares Outstanding 38.35M shares 38.51M shares 40.00M shares
Diluted Shares Outstanding 38.74M shares

Balance Sheet

Concept 2020 Q4 2020 Q3 2019 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $589.4M $406.4M $402.1M
YoY Change 46.58% 33.55% 3.74%
Cash & Equivalents $554.8M $372.4M $367.3M
Short-Term Investments $34.50M $34.00M $34.70M
Other Short-Term Assets $39.46M $33.77M $43.49M
YoY Change -9.27% 27.74% 56.9%
Inventory
Prepaid Expenses
Receivables $6.559M $528.7M $12.73M
Other Receivables $0.00 $0.00 $350.9M
Total Short-Term Assets $1.077B $1.049B $974.7M
YoY Change 10.52% 17.36% 12.49%
LONG-TERM ASSETS
Property, Plant & Equipment $216.3M $196.2M $147.7M
YoY Change 46.41% 45.39% 26.02%
Goodwill $12.70M $12.70M
YoY Change 0.0% 0.11%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $4.548M $6.291M $5.975M
YoY Change -23.88% -6.55% 23.17%
Total Long-Term Assets $507.0M $474.4M $420.3M
YoY Change 20.64% 19.09% 29.2%
TOTAL ASSETS
Total Short-Term Assets $1.077B $1.049B $974.7M
Total Long-Term Assets $507.0M $474.4M $420.3M
Total Assets $1.584B $1.523B $1.395B
YoY Change 13.57% 17.89% 17.05%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $6.203M $6.016M $4.565M
YoY Change 35.88% 11.97% -57.02%
Accrued Expenses $60.78M $46.40M $58.71M
YoY Change 3.52% 9.99% 103.23%
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 $904.9M $841.1M $869.0M
YoY Change 4.13% 10.49% 12.52%
LONG-TERM LIABILITIES
Long-Term Debt $369.4M $369.4M $269.4M
YoY Change 37.12% 54.3% 86.57%
Other Long-Term Liabilities $6.292M $269.4M $0.00
YoY Change -100.0%
Total Long-Term Liabilities $635.2M $641.6M $521.9M
YoY Change 21.72% 30.95% 52.68%
TOTAL LIABILITIES
Total Short-Term Liabilities $904.9M $841.1M $869.0M
Total Long-Term Liabilities $635.2M $641.6M $521.9M
Total Liabilities $1.540B $1.483B $1.391B
YoY Change 10.73% 18.5% 24.84%
SHAREHOLDERS EQUITY
Retained Earnings $575.0M $586.1M $499.5M
YoY Change 15.13% 19.39% 25.51%
Common Stock $96.08M $75.15M $48.70M
YoY Change 97.31% 60.05% 30.53%
Preferred Stock
YoY Change
Treasury Stock (at cost) $627.0M $620.6M $544.1M
YoY Change 15.23% 24.9% 52.17%
Treasury Stock Shares 17.24M shares 16.12M shares
Shareholders Equity $44.13M $40.64M $4.079M
YoY Change
Total Liabilities & Shareholders Equity $1.584B $1.523B $1.395B
YoY Change 13.57% 17.89% 17.05%

Cashflow Statement

Concept 2020 Q4 2020 Q3 2019 Q4
OPERATING ACTIVITIES
Net Income $4.300M $20.01M $20.40M
YoY Change -78.92% -22.62% -17.28%
Depreciation, Depletion And Amortization $7.900M $7.800M $7.800M
YoY Change 1.28% 6.85% 20.0%
Cash From Operating Activities $239.8M -$8.300M $158.1M
YoY Change 51.68% -67.19% 38.44%
INVESTING ACTIVITIES
Capital Expenditures -$29.40M -$29.30M -$20.30M
YoY Change 44.83% 55.85% 47.1%
Acquisitions
YoY Change
Other Investing Activities -$800.0K -$2.400M $26.20M
YoY Change -103.05% -700.0% -213.91%
Cash From Investing Activities -$30.20M -$31.60M $5.900M
YoY Change -611.86% 71.74% -116.03%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -22.20M -43.30M -30.20M
YoY Change -26.49% -18.91% -53.32%
NET CHANGE
Cash From Operating Activities 239.8M -8.300M 158.1M
Cash From Investing Activities -30.20M -31.60M 5.900M
Cash From Financing Activities -22.20M -43.30M -30.20M
Net Change In Cash 187.4M -83.20M 133.8M
YoY Change 40.06% -14.32% 953.54%
FREE CASH FLOW
Cash From Operating Activities $239.8M -$8.300M $158.1M
Capital Expenditures -$29.40M -$29.30M -$20.30M
Free Cash Flow $269.2M $21.00M $178.4M
YoY Change 50.9% -423.08% 39.38%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
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INSPERITY, INC.
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CY2019Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1043388000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
3230669000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
3239714000 USD
us-gaap Net Income Loss
NetIncomeLoss
133952000 USD
us-gaap Net Income Loss
NetIncomeLoss
130704000 USD
us-gaap Depreciation And Amortization
DepreciationAndAmortization
23329000 USD
us-gaap Depreciation And Amortization
DepreciationAndAmortization
20929000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
38110000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
20813000 USD
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
6757000 USD
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
8659000 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
62933000 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
83267000 USD
us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
24341000 USD
us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
13750000 USD
us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
-9721000 USD
us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
-1283000 USD
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-10862000 USD
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
2709000 USD
us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
1451000 USD
us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
-5249000 USD
us-gaap Increase Decrease In Other Employee Related Liabilities
IncreaseDecreaseInOtherEmployeeRelatedLiabilities
-99196000 USD
us-gaap Increase Decrease In Other Employee Related Liabilities
IncreaseDecreaseInOtherEmployeeRelatedLiabilities
-80549000 USD
nsp Increase Decreasein Wse Epayrollexpense
IncreaseDecreaseinWSEEpayrollexpense
69937000 USD
nsp Increase Decreasein Wse Epayrollexpense
IncreaseDecreaseinWSEEpayrollexpense
81478000 USD
us-gaap Increase Decrease In Health Care Insurance Liabilities
IncreaseDecreaseInHealthCareInsuranceLiabilities
23459000 USD
us-gaap Increase Decrease In Health Care Insurance Liabilities
IncreaseDecreaseInHealthCareInsuranceLiabilities
-1914000 USD
us-gaap Increase Decrease In Workers Compensation Liabilities
IncreaseDecreaseInWorkersCompensationLiabilities
-2273000 USD
us-gaap Increase Decrease In Workers Compensation Liabilities
IncreaseDecreaseInWorkersCompensationLiabilities
6087000 USD
us-gaap Increase Decrease In Accrued Salaries
IncreaseDecreaseInAccruedSalaries
-32238000 USD
us-gaap Increase Decrease In Accrued Salaries
IncreaseDecreaseInAccruedSalaries
-22830000 USD
us-gaap Increase Decrease In Income Taxes
IncreaseDecreaseInIncomeTaxes
9977000 USD
us-gaap Increase Decrease In Income Taxes
IncreaseDecreaseInIncomeTaxes
-12609000 USD
us-gaap Adjustments To Reconcile Net Income Loss To Cash Provided By Used In Operating Activities
AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities
-27378000 USD
us-gaap Adjustments To Reconcile Net Income Loss To Cash Provided By Used In Operating Activities
AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities
-83628000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
106574000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
47076000 USD
us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
42007000 USD
us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
90909000 USD
nsp Marketable Securities Proceeds From Dispositions
MarketableSecuritiesProceedsFromDispositions
484000 USD
nsp Marketable Securities Proceeds From Dispositions
MarketableSecuritiesProceedsFromDispositions
5799000 USD
us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
41860000 USD
us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
85480000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
68770000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
35968000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-68433000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-35598000 USD
nsp Treasury Stock Acquired
TreasuryStockAcquired
91216000 USD
nsp Treasury Stock Acquired
TreasuryStockAcquired
153668000 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
46522000 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
36777000 USD
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
100000000 USD
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
95000000 USD
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
6302000 USD
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
7215000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-31436000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-88230000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
6705000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
-76752000 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
CY2020Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
599255000 USD
CY2019Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
458722000 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
CY2020Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
372356000 USD
CY2019Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
243439000 USD
CY2020Q3 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
45265000 USD
CY2019Q3 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
45251000 USD
CY2020Q3 nsp Deposits Workers Compensation
DepositsWorkersCompensation
181634000 USD
CY2019Q3 nsp Deposits Workers Compensation
DepositsWorkersCompensation
170032000 USD
CY2020Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
599255000 USD
CY2019Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
458722000 USD
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
18364000 USD
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
21980000 USD
CY2019Q4 us-gaap Stockholders Equity
StockholdersEquity
4079000 USD
us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
-91216000 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
38110000 USD
us-gaap Stockholders Equity Other
StockholdersEquityOther
-2217000 USD
us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
-46522000 USD
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
19000 USD
us-gaap Net Income Loss
NetIncomeLoss
133952000 USD
CY2020Q3 us-gaap Stockholders Equity
StockholdersEquity
40639000 USD
CY2018Q4 us-gaap Stockholders Equity
StockholdersEquity
77676000 USD
us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
-153668000 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
20813000 USD
us-gaap Stockholders Equity Other
StockholdersEquityOther
-2205000 USD
us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
-36777000 USD
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
35000 USD
us-gaap Net Income Loss
NetIncomeLoss
130704000 USD
CY2019Q3 us-gaap Stockholders Equity
StockholdersEquity
40988000 USD
CY2020Q2 us-gaap Stockholders Equity
StockholdersEquity
44638000 USD
CY2020Q3 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
-29986000 USD
CY2020Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
20864000 USD
CY2020Q3 us-gaap Stockholders Equity Other
StockholdersEquityOther
-612000 USD
CY2020Q3 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
-15448000 USD
CY2020Q3 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
-50000 USD
CY2020Q3 us-gaap Net Income Loss
NetIncomeLoss
20009000 USD
CY2020Q3 us-gaap Stockholders Equity
StockholdersEquity
40639000 USD
CY2019Q2 us-gaap Stockholders Equity
StockholdersEquity
134889000 USD
CY2019Q3 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
-114872000 USD
CY2019Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
6517000 USD
CY2019Q3 us-gaap Stockholders Equity Other
StockholdersEquityOther
-660000 USD
CY2019Q3 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
-12037000 USD
CY2019Q3 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
-28000 USD
CY2019Q3 us-gaap Net Income Loss
NetIncomeLoss
25859000 USD
CY2019Q3 us-gaap Stockholders Equity
StockholdersEquity
40988000 USD
CY2020Q3 nsp Percentageofourhealthinsurancecoverageprovidedby United
PercentageofourhealthinsurancecoverageprovidedbyUnited
0.87
nsp Number Of Days In Advance Of Beginning Of Reporting Quarter Carrier Establishes Cash Funding Rates
NumberOfDaysInAdvanceOfBeginningOfReportingQuarterCarrierEstablishesCashFundingRates
P90D
CY2020Q3 nsp Prepaid Health Insurance Noncurrent
PrepaidHealthInsuranceNoncurrent
9000000.0 USD
CY2020Q3 nsp Required Deposit For Health Care Costs
RequiredDepositForHealthCareCosts
6500000 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
-32400000 USD
nsp Decrease Increase In Accrued Workers Compensation Costs For Changes In Estimated Losses
DecreaseIncreaseInAccruedWorkersCompensationCostsForChangesInEstimatedLosses
-26000000.0 USD
CY2020Q3 nsp Prepaid Health Insurance Current And Noncurrent
PrepaidHealthInsuranceCurrentAndNoncurrent
32800000 USD
CY2020Q3 nsp Prepaid Health Insurance Noncurrent
PrepaidHealthInsuranceNoncurrent
9000000.0 USD
CY2020Q3 nsp Prepaid Health Insurance Current
PrepaidHealthInsuranceCurrent
23800000 USD
CY2020Q3 nsp Premiums Owed To United
PremiumsOwedToUnited
38300000 USD
CY2020Q3 nsp Benefits Costs Incurred Reduced Relatedto Runoff
BenefitsCostsIncurredReducedRelatedtoRunoff
1900000 USD
CY2019Q3 nsp Benefits Costs Incurred Reduced Relatedto Runoff
BenefitsCostsIncurredReducedRelatedtoRunoff
-2900000 USD
CY2020Q3 nsp Workers Compensation Maximum Economic Burden First Layer Of Claims Per Occurrence
WorkersCompensationMaximumEconomicBurdenFirstLayerOfClaimsPerOccurrence
1000000 USD
CY2020Q3 nsp Workers Compensation Maximum Economic Burden First Layer Of Claims Per Occurrence
WorkersCompensationMaximumEconomicBurdenFirstLayerOfClaimsPerOccurrence
1000000 USD
CY2020Q3 nsp Workers Compensation Maximum Aggregate Economic Burden For Claims In Excess Of First Layer Cap Per Policy Year
WorkersCompensationMaximumAggregateEconomicBurdenForClaimsInExcessOfFirstLayerCapPerPolicyYear
6000000 USD
CY2020Q3 nsp Workers Compensation Maximum Economic Burden First Layer Of Claims Per Occurrence
WorkersCompensationMaximumEconomicBurdenFirstLayerOfClaimsPerOccurrence
1000000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
3230669000 USD
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
33397000 USD
nsp Workers Compensation Expense
WorkersCompensationExpense
44334000 USD
nsp Workers Compensation Discount Changed During Period
WorkersCompensationDiscountChangedDuringPeriod
-500000 USD
nsp Workers Compensation Discount Changed During Period
WorkersCompensationDiscountChangedDuringPeriod
-3664000 USD
us-gaap Payments For Losses And Loss Adjustment Expense
PaymentsForLossesAndLossAdjustmentExpense
-34289000 USD
us-gaap Payments For Losses And Loss Adjustment Expense
PaymentsForLossesAndLossAdjustmentExpense
-34669000 USD
CY2020Q3 us-gaap Workers Compensation Liability Current And Noncurrent
WorkersCompensationLiabilityCurrentAndNoncurrent
241512000 USD
CY2019Q3 us-gaap Workers Compensation Liability Current And Noncurrent
WorkersCompensationLiabilityCurrentAndNoncurrent
235640000 USD
CY2020Q3 nsp Workers Compensation Liability Net Of Admin Fees Current
WorkersCompensationLiabilityNetOfAdminFeesCurrent
45265000 USD
CY2019Q3 nsp Workers Compensation Liability Net Of Admin Fees Current
WorkersCompensationLiabilityNetOfAdminFeesCurrent
45250000 USD
CY2020Q3 us-gaap Workers Compensation Liability Noncurrent
WorkersCompensationLiabilityNoncurrent
196247000 USD
CY2019Q3 us-gaap Workers Compensation Liability Noncurrent
WorkersCompensationLiabilityNoncurrent
190390000 USD
CY2020Q3 us-gaap Workers Compensation Liability Current And Noncurrent
WorkersCompensationLiabilityCurrentAndNoncurrent
241512000 USD
CY2019Q3 us-gaap Workers Compensation Liability Current And Noncurrent
WorkersCompensationLiabilityCurrentAndNoncurrent
235640000 USD
CY2020Q3 nsp Workers Compensation Administrative Fees Accrued
WorkersCompensationAdministrativeFeesAccrued
2700000 USD
nsp Undiscounted Accrued Workers Compensation Costs
UndiscountedAccruedWorkersCompensationCosts
259400000 USD
nsp Undiscounted Accrued Workers Compensation Costs
UndiscountedAccruedWorkersCompensationCosts
255300000 USD
nsp Time Period Incurred Claims Expected To Be Paid Recorded As Restricted
TimePeriodIncurredClaimsExpectedToBePaidRecordedAsRestricted
P1Y
nsp Returnof Excess Claim Funds
ReturnofExcessClaimFunds
24800000 USD
nsp Returnof Excess Claim Funds
ReturnofExcessClaimFunds
16700000 USD
CY2020Q3 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
45300000 USD
CY2020Q3 nsp Deposits Workers Compensation
DepositsWorkersCompensation
181600000 USD
nsp Time Period Estimate Of Incurred Claim Costs To Be Paid Included In Short Term Liabilities
TimePeriodEstimateOfIncurredClaimCostsToBePaidIncludedInShortTermLiabilities
P1Y
CY2020Q3 nsp Unbilled
Unbilled
520900000 USD
CY2019Q4 nsp Unbilled
Unbilled
448100000 USD
CY2020Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1007820000 USD
CY2019Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1043388000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
3239714000 USD
CY2019Q4 us-gaap Short Term Investments
ShortTermInvestments
47946000 USD
us-gaap New Accounting Pronouncement Or Change In Accounting Principle Description
NewAccountingPronouncementOrChangeInAccountingPrincipleDescription
Recently Adopted Accounting StandardsWe adopted ASU 2016-13, Financial Instruments - Credit Losses (Topic 326) effective January 1, 2020 with no material impact. Under this standard, we estimate our reserves using information about past events, current conditions and risk characteristics of our customer when assessing risk associated with the collectability of accounts receivables, including unbilled accounts receivables. We require clients to pay invoices for service fees not later than the same day as the applicable payroll date. As such, we generally do not require collateral. As of September 30, 2020, allowance for bad debts was immaterial.
CY2020Q3 nsp Money Market Funds Overnight Holdings At Carrying Value
MoneyMarketFundsOvernightHoldingsAtCarryingValue
314952000 USD
CY2019Q4 nsp Money Market Funds Overnight Holdings At Carrying Value
MoneyMarketFundsOvernightHoldingsAtCarryingValue
349857000 USD
CY2020Q3 us-gaap Short Term Investments
ShortTermInvestments
72861000 USD
CY2020Q3 us-gaap Cash
Cash
28259000 USD
CY2019Q4 us-gaap Cash
Cash
36521000 USD
CY2020Q3 srt Drafts Payable
DraftsPayable
9722000 USD
CY2019Q4 srt Drafts Payable
DraftsPayable
32254000 USD
CY2020Q3 us-gaap Cash Cash Equivalents And Short Term Investments
CashCashEquivalentsAndShortTermInvestments
406350000 USD
CY2019Q4 us-gaap Cash Cash Equivalents And Short Term Investments
CashCashEquivalentsAndShortTermInvestments
402070000 USD
CY2020Q3 us-gaap Cash And Cash Equivalents Fair Value Disclosure
CashAndCashEquivalentsFairValueDisclosure
353819000 USD
CY2019Q4 us-gaap Cash And Cash Equivalents Fair Value Disclosure
CashAndCashEquivalentsFairValueDisclosure
363075000 USD
CY2020Q3 us-gaap Us Government Securities At Carrying Value
USGovernmentSecuritiesAtCarryingValue
10411000 USD
CY2020Q3 nsp Payroll Withholdings Included In Cash Balance
PayrollWithholdingsIncludedInCashBalance
147100000 USD
CY2019Q4 nsp Payroll Withholdings Included In Cash Balance
PayrollWithholdingsIncludedInCashBalance
234600000 USD
CY2020Q3 nsp Client Prepayments Included In Cash Balance
ClientPrepaymentsIncludedInCashBalance
-46500000 USD
CY2019Q4 nsp Client Prepayments Included In Cash Balance
ClientPrepaymentsIncludedInCashBalance
-59600000 USD
CY2019Q4 us-gaap Us Government Securities At Carrying Value
USGovernmentSecuritiesAtCarryingValue
34728000 USD
CY2020Q3 us-gaap Investments Fair Value Disclosure
InvestmentsFairValueDisclosure
23583000 USD
CY2019Q4 us-gaap Investments Fair Value Disclosure
InvestmentsFairValueDisclosure
0 USD
CY2020Q3 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
387813000 USD
CY2019Q4 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
397803000 USD
CY2020Q3 us-gaap Available For Sale Securities Amortized Cost
AvailableForSaleSecuritiesAmortizedCost
33964000 USD
us-gaap Available For Sale Securities Gross Unrealized Gains
AvailableForSaleSecuritiesGrossUnrealizedGains
30000 USD
us-gaap Available For Sale Securities Gross Unrealized Loss
AvailableForSaleSecuritiesGrossUnrealizedLoss
0 USD
CY2020Q3 us-gaap Available For Sale Securities
AvailableForSaleSecurities
33994000 USD
CY2019Q4 us-gaap Available For Sale Securities Amortized Cost
AvailableForSaleSecuritiesAmortizedCost
34716000 USD
CY2020Q1 us-gaap Available For Sale Securities Gross Unrealized Gains
AvailableForSaleSecuritiesGrossUnrealizedGains
13000 USD
CY2020Q1 us-gaap Available For Sale Securities Gross Unrealized Loss
AvailableForSaleSecuritiesGrossUnrealizedLoss
1000 USD
CY2019Q4 us-gaap Available For Sale Securities
AvailableForSaleSecurities
34728000 USD
CY2020Q3 us-gaap Available For Sale Securities Debt Maturities Within One Year Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearAmortizedCost
33964000 USD
CY2020Q3 nsp Applicable Margin30 Day Libor
ApplicableMargin30DayLibor
0.0200
CY2020Q3 us-gaap Available For Sale Securities Debt Maturities Within One Year Fair Value
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValue
33994000 USD
CY2020Q3 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsAmortizedCost
0 USD
CY2020Q3 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue
0 USD
CY2020Q3 us-gaap Line Of Credit Facility Current Borrowing Capacity
LineOfCreditFacilityCurrentBorrowingCapacity
500000000 USD
CY2020Q3 us-gaap Line Of Credit Facility Maximum Borrowing Capacity
LineOfCreditFacilityMaximumBorrowingCapacity
550000000 USD
nsp Percentage Of Subsidiary Stock Securing Debt
PercentageOfSubsidiaryStockSecuringDebt
0.65
CY2020Q3 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
369400000 USD
CY2020Q3 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
1000000.0 USD
CY2020Q3 us-gaap Line Of Credit Facility Remaining Borrowing Capacity
LineOfCreditFacilityRemainingBorrowingCapacity
129600000 USD
CY2020Q3 nsp Applicable Margin Federal Funds Rate
ApplicableMarginFederalFundsRate
0.0050
us-gaap Line Of Credit Facility Unused Capacity Commitment Fee Percentage
LineOfCreditFacilityUnusedCapacityCommitmentFeePercentage
0.0025
us-gaap Line Of Credit Facility Interest Rate During Period
LineOfCreditFacilityInterestRateDuringPeriod
0.0252
nsp Aggregatenumberofsharesrepurchasedduringtheperiod
Aggregatenumberofsharesrepurchasedduringtheperiod
1336884 shares
us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
1186000 shares
CY2020Q3 us-gaap Stock Repurchase Program Remaining Number Of Shares Authorized To Be Repurchased
StockRepurchaseProgramRemainingNumberOfSharesAuthorizedToBeRepurchased
227833 shares
us-gaap Shares Paid For Tax Withholding For Share Based Compensation
SharesPaidForTaxWithholdingForShareBasedCompensation
150884 shares
CY2020Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.40
CY2019Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.30
CY2020Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.40
CY2019Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.30
CY2020Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.40
CY2019Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.30
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
46500000 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
36800000 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, if and when it becomes exercisable, entitles the registered holder to purchase from us one unit consisting of one one-hundredth of a share of Series A Junior Participating Preferred Stock, par value $0.01 per share. Initially, the Rights are attached to all outstanding shares of our common stock. The Rights are not currently exercisable and the Rights Plan will expire at the close of business on May 20, 2021, unless the Rights are earlier redeemed or exchanged by us.
CY2020Q3 us-gaap Class Of Warrant Or Right Number Of Securities Called By Each Warrant Or Right
ClassOfWarrantOrRightNumberOfSecuritiesCalledByEachWarrantOrRight
1 shares
CY2020Q3 us-gaap Warrants And Rights Outstanding Maturity Date
WarrantsAndRightsOutstandingMaturityDate
2021-05-20
CY2020Q3 us-gaap Net Income Loss
NetIncomeLoss
20009000 USD
CY2019Q3 us-gaap Net Income Loss
NetIncomeLoss
25859000 USD
us-gaap Net Income Loss
NetIncomeLoss
133952000 USD
us-gaap Net Income Loss
NetIncomeLoss
130704000 USD
CY2020Q3 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Diluted
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossDiluted
104000 USD
CY2019Q3 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Diluted
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossDiluted
284000 USD
us-gaap Participating Securities Distributed And Undistributed Earnings Loss Diluted
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossDiluted
792000 USD
us-gaap Participating Securities Distributed And Undistributed Earnings Loss Diluted
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossDiluted
1546000 USD
CY2020Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
19905000 USD
CY2019Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
25575000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
133160000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
129158000 USD
CY2020Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
38507000 shares
CY2019Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
40168000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
38625000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
40481000 shares
CY2020Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
234000 shares
CY2019Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
149000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
193000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
143000 shares
CY2020Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
38741000 shares
CY2019Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
40317000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
38818000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
40624000 shares
us-gaap Loss Contingency Damages Sought Value
LossContingencyDamagesSoughtValue
146000000 USD
us-gaap Loss Contingency Accrual Provision
LossContingencyAccrualProvision
0 USD

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