v3.25.4
CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Assets    
Cash and cash equivalents $ 642,000 $ 1,039,000
Restricted cash 82,000 69,000
Marketable securities 18,000 16,000
Accounts receivable, net 826,000 829,000
Prepaid insurance and related assets 6,000 25,000
Income taxes receivable 29,000 0
Funds held for clients and other current assets 119,000 107,000
Total current assets 1,722,000 2,085,000
Property and equipment, net of accumulated depreciation 177,000 192,000
Right-of-use (“ROU”) leased assets 63,000 65,000
nsp:Depositsandprepaidhealthinsurance 165,000 195,000
Goodwill and other intangible assets, net 13,000 13,000
Deferred income taxes, net 22,000 34,000
Other assets 41,000 13,000
Total assets 2,203,000 2,597,000
Current liabilities:    
Accounts payable 6,000 10,000
Payroll taxes and other payroll deductions payable 544,000 901,000
Accrued worksite employee payroll cost 764,000 730,000
Accrued health insurance costs 30,000 19,000
Accrued workers’ compensation costs 84,000 71,000
Accrued corporate payroll and commissions 78,000 82,000
Client funds liability and other accrued liabilities 114,000 117,000
Total current liabilities 1,620,000 1,930,000
Noncurrent liabilities:    
Accrued workers’ compensation costs, net of current 102,000 135,000
Long-term debt 369,000 369,000
Operating lease liabilities, net of current 66,000 66,000
Total noncurrent liabilities 537,000 570,000
Commitments and contingencies
Stockholders’ equity:    
Preferred Stock, Value, Issued 0 0
Common stock 1,000 1,000
Additional paid-in capital $ 257,000 $ 222,000
Treasury Stock, Common, Shares 17,800,000 18,300,000
Treasury stock, at cost $ (850,000) $ (864,000)
Retained earnings 638,000 738,000
Total stockholders’ equity 46,000 97,000
Total liabilities and stockholders’ equity $ 2,203,000 $ 2,597,000
Stockholders' Equity, Number of Shares, Par Value and Other Disclosure [Abstract]    
Common Stock, Par or Stated Value Per Share $ 0.01 $ 0.01
Preferred Stock, Shares Authorized 20,000,000 20,000,000
Preferred Stock, Shares Issued 0 0
Common Stock, Shares Authorized 120,000,000 120,000,000
Common Stock, Shares, Issued 55,500,000 55,500,000
Common Stock, Shares, Outstanding 37,700,000 37,200,000
Treasury Stock, Common, Shares 17,800,000 18,300,000