{"id":906378,"date":"2025-11-05T20:40:09","date_gmt":"2025-11-06T01:40:09","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/bbsi-reports-third-quarter-2025-financial-results\/"},"modified":"2025-11-05T20:40:09","modified_gmt":"2025-11-06T01:40:09","slug":"bbsi-reports-third-quarter-2025-financial-results","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/bbsi-reports-third-quarter-2025-financial-results\/","title":{"rendered":"BBSI Reports Third Quarter 2025 Financial Results"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"center\">&#8211; Revenues up 8% to $318.9 Million and Gross Billings up 9% to $2.32 Billion &#8211;<\/p>\n<p>VANCOUVER, Wash., Nov.  05, 2025  (GLOBE NEWSWIRE) &#8212; \u00a0Barrett Business Services, Inc. (\u201cBBSI\u201d or the \u201cCompany\u201d) (NASDAQ: BBSI), a leading provider of business management solutions, reported financial results for the third quarter ended September\u00a030, 2025.<\/p>\n<p>\n        <strong>Third Quarter 2025 Financial Summary vs. Year-Ago Quarter<\/strong>\n      <\/p>\n<ul type=\"disc\">\n<li style=\"margin-top:6pt\">Revenues up 8% to $318.9 million.<\/li>\n<li>Gross billings up 9% to $2.32 billion.<\/li>\n<li>Average worksite employees (\u201cWSEs\u201d) up 6%.<\/li>\n<li>Net income increased to $20.6 million, or $0.79 per diluted share, compared to net income of $19.6 million, or $0.74 per diluted share.<\/li>\n<\/ul>\n<p>\u201cBBSI delivered another strong quarter of controllable growth driven by new client additions,\u201d said Gary Kramer, President and CEO of BBSI. \u201cWe continue to execute well against our strategy, leveraging our growth to drive sustained earnings expansion. Despite a more cautious economic environment, our continued ability to win new business and expand market share speaks to the strength of our differentiated model and the value we deliver to small and mid-sized businesses across the country. We remain focused on disciplined execution and investment in our people, technology, and service delivery to support long-term, sustainable growth.\u201d<\/p>\n<p>\n        <strong>Third Quarter 2025 Financial Results<\/strong>\n      <\/p>\n<p>Revenues in the third quarter of 2025 increased 8% to $318.9 million compared to $294.3 million in the third quarter of 2024.<\/p>\n<p>Total gross billings in the third quarter of 2025 increased 9% to $2.32 billion compared to $2.14 billion in the same year-ago quarter (see \u201cKey Performance Metrics\u201d below). The increase was driven by growth in professional employer (\u201cPEO\u201d) services, primarily resulting from increased WSEs from net new clients, as well as higher average billings per WSE per day.<\/p>\n<p>Workers\u2019 compensation expense as a percent of gross billings was 2.2% in the third quarter of 2025 and benefited from lower workers\u2019 compensation costs, including favorable prior year liability and premium adjustments of $3.9 million. This compares to 2.3% in the third quarter of 2024, which included favorable prior year liability and premium adjustments of $4.3 million.<\/p>\n<p>Net income for the third quarter of 2025 increased to $20.6 million, or $0.79 per diluted share, compared to net income of $19.6 million, or $0.74 per diluted share, in the year-ago quarter.<\/p>\n<p>\n        <strong>Liquidity<\/strong>\n      <\/p>\n<p>As of September\u00a030, 2025, unrestricted cash and investments were $109.8 million compared to $90.4 million as of June 30, 2025. BBSI remained debt free at quarter end.<\/p>\n<p>\n        <strong>Capital Allocation<\/strong>\n      <\/p>\n<p>On August 4, 2025, BBSI\u2019s board of directors authorized the repurchase of up to $100 million of the Company\u2019s common stock over a two-year period beginning August 4th (the \u201cRepurchase Program\u201d). The Repurchase Program replaces the repurchase program approved in July 2023.<\/p>\n<p>Under the Repurchase Program, BBSI repurchased $7.5 million of stock in the third quarter, comprising 159,570 shares at an average price of $47.19. At September 30, 2025, approximately $92.5 million remained available under the Repurchase Program.<\/p>\n<p>The Company paid $2.1 million of dividends in the quarter, and BBSI\u2019s board of directors confirmed its next regular quarterly cash dividend at $0.08 per share. The cash dividend will be paid on December 5, 2025, to all stockholders of record as of November 21, 2025.<\/p>\n<p>Through a combination of stock repurchases and dividends, year-to-date capital returned to shareholders totaled approximately $31 million.<\/p>\n<p>\n        <strong>Outlook<\/strong>\n      <\/p>\n<p>BBSI expects the following for 2025:<\/p>\n<ul type=\"disc\">\n<li style=\"margin-top:6pt\">Gross billings growth of 8.5% to 9.5%.<\/li>\n<li>Growth in the average number of WSEs of 6% to 8%.<\/li>\n<li>Gross margin as a percent of gross billings of 2.9% to 3.0%.<\/li>\n<li>Effective annual tax rate to remain at 26% to 27%.<\/li>\n<\/ul>\n<p>\n        <strong>Conference Call<\/strong>\n      <\/p>\n<p>BBSI will conduct a conference call on Wednesday, November 5, 2025, at 5:00 p.m. Eastern time (2:00 p.m. Pacific time) to discuss its financial results for the third quarter ended September\u00a030, 2025.<\/p>\n<p>BBSI\u2019s CEO Gary Kramer and CFO Anthony Harris will host the conference call, followed by a question and answer period.<\/p>\n<p>Date: Wednesday, November 5, 2025<br \/>Time: 5:00 p.m. Eastern time (2:00 p.m. Pacific time)<br \/>Toll-free dial-in number: 1-800-717-1738<br \/>International dial-in number: 1-646-307-1865<br \/>Conference ID: 10829<\/p>\n<p>Please call the conference telephone number 5-10 minutes prior to the start time. An operator will register your name and organization. If you have any difficulty connecting with the conference call, please contact Gateway Group at 1-949-574-3860.<\/p>\n<p>The conference call will be broadcast live and available for replay <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=E2P4z0gVx5S24tzWH4I5av1LzWBvA4kFwZV63kIea1UYQM8CARpiPwI0X7KA4fzaqVpVDHEXLlwMxqORA5dAV2Rylfjz1z1hoeNMU1tQ9TvrLYp7p-rf5MMCBvEYoxWvXwTD3nWXw4ocyboJMXNpRw==\" rel=\"nofollow\" target=\"_blank\">here<\/a> and via the Investors section of the BBSI website at <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=wEL7ptH_uoS10gn5-W27fp_papqGnbYir38U0HOQe3d5xXC-eTcdwdXqFcP1BnnIeEI0NEjLPScg5vYKCrteug==\" rel=\"nofollow\" target=\"_blank\">ir.bbsi.com<\/a>.<\/p>\n<p>A replay of the conference call will be available after 8:00 p.m. Eastern time on the same day through December 5, 2025.<\/p>\n<p>Toll-free replay number: 1-844-512-2921<br \/>International replay number: 1-412-317-6671<br \/>Replay ID: 1110829<\/p>\n<p>\n        <strong>Key Performance Metrics<\/strong>\n      <\/p>\n<p>We report PEO revenues net of direct payroll costs because we are not the primary obligor for wage payments to our clients\u2019 employees. However, management believes that gross billings and wages are useful in understanding the volume of our business activity and serve as important performance metrics in managing our operations, including the preparation of internal operating forecasts and establishing executive compensation performance goals. We therefore present for purposes of analysis gross billings and wage information for the three and nine months ended September\u00a030, 2025 and 2024.<\/p>\n<table align=\"center\" style=\"border-collapse: collapse;width:100%;border-collapse:collapse\">\n<tr>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td colspan=\"6\" style=\"text-align: center;vertical-align: middle;vertical-align: middle\">(Unaudited)<\/td>\n<td style=\"text-align: center;vertical-align: middle;vertical-align: middle\">\u00a0<\/td>\n<td style=\"text-align: center;vertical-align: middle;vertical-align: middle\">\u00a0<\/td>\n<td colspan=\"6\" style=\"text-align: center;vertical-align: middle;vertical-align: middle\">(Unaudited)<\/td>\n<td style=\"text-align: center;vertical-align: middle;vertical-align: middle\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td colspan=\"6\" style=\"border-bottom: solid black 1pt;text-align: center;vertical-align: middle;vertical-align: middle\">Three Months Ended September\u00a030,<\/td>\n<td style=\"text-align: center;vertical-align: middle;vertical-align: middle\">\u00a0<\/td>\n<td style=\"text-align: center;vertical-align: middle;vertical-align: middle\">\u00a0<\/td>\n<td colspan=\"6\" style=\"border-bottom: solid black 1pt;text-align: center;vertical-align: middle;vertical-align: middle\">Nine Months Ended September\u00a030,<\/td>\n<td style=\"text-align: center;vertical-align: middle;vertical-align: middle\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom\">(in thousands)<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td colspan=\"2\" style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;text-align: center;vertical-align: middle;vertical-align: middle\">2025<\/td>\n<td style=\"text-align: center;vertical-align: middle;vertical-align: middle\">\u00a0<\/td>\n<td style=\"border-top: solid black 1pt;text-align: center;vertical-align: middle;vertical-align: middle\">\u00a0<\/td>\n<td colspan=\"2\" style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;text-align: center;vertical-align: middle;vertical-align: middle\">2024<\/td>\n<td style=\"text-align: center;vertical-align: middle;vertical-align: middle\">\u00a0<\/td>\n<td style=\"text-align: center;vertical-align: middle;vertical-align: middle\">\u00a0<\/td>\n<td colspan=\"2\" style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;text-align: center;vertical-align: middle;vertical-align: middle\">2025<\/td>\n<td style=\"text-align: center;vertical-align: middle;vertical-align: middle\">\u00a0<\/td>\n<td style=\"border-top: solid black 1pt;text-align: center;vertical-align: middle;vertical-align: middle\">\u00a0<\/td>\n<td colspan=\"2\" style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;text-align: center;vertical-align: middle;vertical-align: middle\">2024<\/td>\n<td style=\"text-align: center;vertical-align: middle;vertical-align: middle\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom\">Gross billings<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"border-top: solid black 1pt;vertical-align: middle\">$<\/td>\n<td style=\"border-top: solid black 1pt;text-align: right;vertical-align: middle;vertical-align: middle\">2,321,852<\/td>\n<td style=\"vertical-align: middle\">\u00a0<\/td>\n<td style=\"text-align: center;vertical-align: middle;vertical-align: middle\">\u00a0<\/td>\n<td style=\"border-top: solid black 1pt;vertical-align: middle\">$<\/td>\n<td style=\"border-top: solid black 1pt;text-align: right;vertical-align: middle;vertical-align: middle\">2,138,510<\/td>\n<td style=\"vertical-align: middle\">\u00a0<\/td>\n<td style=\"text-align: center;vertical-align: middle;vertical-align: middle\">\u00a0<\/td>\n<td style=\"border-top: solid black 1pt;vertical-align: middle\">$<\/td>\n<td style=\"border-top: solid black 1pt;text-align: right;vertical-align: middle;vertical-align: middle\">6,644,993<\/td>\n<td style=\"vertical-align: middle\">\u00a0<\/td>\n<td style=\"text-align: center;vertical-align: middle;vertical-align: middle\">\u00a0<\/td>\n<td style=\"border-top: solid black 1pt;vertical-align: middle\">$<\/td>\n<td style=\"border-top: solid black 1pt;text-align: right;vertical-align: middle;vertical-align: middle\">6,075,094<\/td>\n<td style=\"vertical-align: middle\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom\">PEO and staffing wages<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"vertical-align: middle\">$<\/td>\n<td style=\"text-align: right;vertical-align: middle;vertical-align: middle\">2,017,499<\/td>\n<td style=\"vertical-align: middle\">\u00a0<\/td>\n<td style=\"text-align: center;vertical-align: middle;vertical-align: middle\">\u00a0<\/td>\n<td style=\"vertical-align: middle\">$<\/td>\n<td style=\"text-align: right;vertical-align: middle;vertical-align: middle\">1,860,466<\/td>\n<td style=\"vertical-align: middle\">\u00a0<\/td>\n<td style=\"text-align: center;vertical-align: middle;vertical-align: middle\">\u00a0<\/td>\n<td style=\"vertical-align: middle\">$<\/td>\n<td style=\"text-align: right;vertical-align: middle;vertical-align: middle\">5,766,932<\/td>\n<td style=\"vertical-align: middle\">\u00a0<\/td>\n<td style=\"text-align: center;vertical-align: middle;vertical-align: middle\">\u00a0<\/td>\n<td style=\"vertical-align: middle\">$<\/td>\n<td style=\"text-align: right;vertical-align: middle;vertical-align: middle\">5,281,092<\/td>\n<td style=\"vertical-align: middle\">\u00a0<\/td>\n<\/tr>\n<\/table>\n<p>In monitoring and evaluating the performance of our operations, management also reviews the following ratios, which represent selected amounts as a percentage of gross billings. Management believes these ratios are useful in understanding the efficiency and profitability of our service offerings.<\/p>\n<table align=\"center\" style=\"border-collapse: collapse;width:100%;border-collapse:collapse\">\n<tr>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td colspan=\"5\" style=\"text-align: center;vertical-align: middle;vertical-align: middle\">(Unaudited)<\/td>\n<td style=\"text-align: center;vertical-align: middle;vertical-align: middle\">\u00a0<\/td>\n<td colspan=\"5\" style=\"text-align: center;vertical-align: middle;vertical-align: middle\">(Unaudited)<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td colspan=\"5\" style=\"text-align: center;vertical-align: middle;vertical-align: middle\">Percentage of Gross Billings<\/td>\n<td style=\"text-align: center;vertical-align: middle;vertical-align: middle\">\u00a0<\/td>\n<td colspan=\"5\" style=\"text-align: center;vertical-align: middle;vertical-align: middle\">Percentage of Gross Billings<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td colspan=\"5\" style=\"border-bottom: solid black 1pt;text-align: center;vertical-align: middle;vertical-align: middle\">Three Months Ended September\u00a030,<\/td>\n<td style=\"text-align: center;vertical-align: middle;vertical-align: middle\">\u00a0<\/td>\n<td colspan=\"5\" style=\"border-bottom: solid black 1pt;text-align: center;vertical-align: middle;vertical-align: middle\">Nine Months Ended September\u00a030,<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle;vertical-align: middle\">2025<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle;vertical-align: middle\">\u00a0<\/td>\n<td style=\"border-top: solid black 1pt;text-align: center;vertical-align: middle;vertical-align: middle\">\u00a0<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle;vertical-align: middle\">2024<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle;vertical-align: middle\">\u00a0<\/td>\n<td style=\"text-align: center;vertical-align: middle;vertical-align: middle\">\u00a0<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle;vertical-align: middle\">2025<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle;vertical-align: middle\">\u00a0<\/td>\n<td style=\"border-top: solid black 1pt;text-align: center;vertical-align: middle;vertical-align: middle\">\u00a0<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle;vertical-align: middle\">2024<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle;vertical-align: middle\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom\">PEO and staffing wages<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"border-top: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle;vertical-align: middle\">86.9<\/td>\n<td style=\"border-top: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle;vertical-align: middle\">%<\/td>\n<td style=\"text-align: center;vertical-align: middle;vertical-align: middle\">\u00a0<\/td>\n<td style=\"border-top: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle;vertical-align: middle\">87.0<\/td>\n<td style=\"border-top: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle;vertical-align: middle\">%<\/td>\n<td style=\"text-align: center;vertical-align: middle;vertical-align: middle\">\u00a0<\/td>\n<td style=\"border-top: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle;vertical-align: middle\">86.8<\/td>\n<td style=\"border-top: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle;vertical-align: middle\">%<\/td>\n<td style=\"text-align: center;vertical-align: middle;vertical-align: middle\">\u00a0<\/td>\n<td style=\"border-top: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle;vertical-align: middle\">86.9<\/td>\n<td style=\"border-top: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle;vertical-align: middle\">%<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom\">Payroll taxes and benefits<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle;vertical-align: middle\">7.6<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle;vertical-align: middle\">%<\/td>\n<td style=\"text-align: center;vertical-align: middle;vertical-align: middle\">\u00a0<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle;vertical-align: middle\">7.2<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle;vertical-align: middle\">%<\/td>\n<td style=\"text-align: center;vertical-align: middle;vertical-align: middle\">\u00a0<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle;vertical-align: middle\">8.1<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle;vertical-align: middle\">%<\/td>\n<td style=\"text-align: center;vertical-align: middle;vertical-align: middle\">\u00a0<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle;vertical-align: middle\">7.7<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle;vertical-align: middle\">%<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom\">Workers&#8217; compensation<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle;vertical-align: middle\">2.2<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle;vertical-align: middle\">%<\/td>\n<td style=\"text-align: center;vertical-align: middle;vertical-align: middle\">\u00a0<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle;vertical-align: middle\">2.3<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle;vertical-align: middle\">%<\/td>\n<td style=\"text-align: center;vertical-align: middle;vertical-align: middle\">\u00a0<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle;vertical-align: middle\">2.2<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle;vertical-align: middle\">%<\/td>\n<td style=\"text-align: center;vertical-align: middle;vertical-align: middle\">\u00a0<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle;vertical-align: middle\">2.4<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle;vertical-align: middle\">%<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom\">Gross margin<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle;vertical-align: middle\">3.3<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle;vertical-align: middle\">%<\/td>\n<td style=\"text-align: center;vertical-align: middle;vertical-align: middle\">\u00a0<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle;vertical-align: middle\">3.5<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle;vertical-align: middle\">%<\/td>\n<td style=\"text-align: center;vertical-align: middle;vertical-align: middle\">\u00a0<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle;vertical-align: middle\">2.9<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle;vertical-align: middle\">%<\/td>\n<td style=\"text-align: center;vertical-align: middle;vertical-align: middle\">\u00a0<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle;vertical-align: middle\">3.0<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle;vertical-align: middle\">%<\/td>\n<\/tr>\n<\/table>\n<p>We refer to employees of our PEO clients as WSEs. Management reviews average and ending WSE growth to monitor and evaluate the performance of our operations. Average WSEs are calculated by dividing the number of unique individuals paid in each month by the number of months in the period. Ending WSEs represents the number of unique individuals paid in the last month of the period.<\/p>\n<table align=\"center\" style=\"border-collapse: collapse;width:100%;border-collapse:collapse\">\n<tr>\n<td style=\"vertical-align: top\">\u00a0<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td colspan=\"13\" style=\"text-align: center;vertical-align: middle;vertical-align: bottom\">(Unaudited)<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: top\">\u00a0<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td colspan=\"13\" style=\"border-bottom: solid black 1pt;text-align: center;vertical-align: middle;vertical-align: bottom\">Three Months Ended September\u00a030,<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: top\">\u00a0\u00a0<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td colspan=\"2\" style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;text-align: center;vertical-align: middle;vertical-align: bottom\">2025<\/td>\n<td style=\"text-align: center;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"border-top: solid black 1pt;text-align: center;vertical-align: middle;vertical-align: middle\">\u00a0<\/td>\n<td colspan=\"2\" style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;text-align: center;vertical-align: middle;vertical-align: bottom\">Year-over-year<br \/>% Growth<\/td>\n<td style=\"border-top: solid black 1pt;text-align: center;vertical-align: middle;vertical-align: middle\">\u00a0<\/td>\n<td colspan=\"2\" style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;text-align: center;vertical-align: middle;vertical-align: bottom\">2024<\/td>\n<td style=\"text-align: center;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"border-top: solid black 1pt;text-align: center;vertical-align: middle;vertical-align: middle\">\u00a0<\/td>\n<td colspan=\"2\" style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;text-align: center;vertical-align: middle;vertical-align: bottom\">Year-over-year<br \/>% Growth<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: top\">Average WSEs<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"border-top: solid black 1pt;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"border-top: solid black 1pt;text-align: right;vertical-align: middle;vertical-align: bottom\">141,492<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"border-top: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle;vertical-align: bottom\">6.1<\/td>\n<td style=\"border-top: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle;vertical-align: bottom\">%<\/td>\n<td style=\"text-align: center;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"border-top: solid black 1pt;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"border-top: solid black 1pt;text-align: right;vertical-align: middle;vertical-align: bottom\">133,398<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"text-align: center;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"border-top: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle;vertical-align: bottom\">4.8<\/td>\n<td style=\"border-top: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle;vertical-align: bottom\">%<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: top\">Ending WSEs<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"vertical-align: top\">\u00a0<\/td>\n<td style=\"text-align: right;vertical-align: middle;vertical-align: top\">140,409<\/td>\n<td style=\"vertical-align: top\">\u00a0<\/td>\n<td style=\"vertical-align: top\">\u00a0<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle;vertical-align: top\">5.8<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle;vertical-align: top\">%<\/td>\n<td style=\"text-align: center;vertical-align: middle;vertical-align: top\">\u00a0<\/td>\n<td style=\"vertical-align: top\">\u00a0<\/td>\n<td style=\"text-align: right;vertical-align: middle;vertical-align: top\">132,698<\/td>\n<td style=\"vertical-align: top\">\u00a0<\/td>\n<td style=\"text-align: center;vertical-align: middle;vertical-align: top\">\u00a0<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle;vertical-align: top\">3.3<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle;vertical-align: top\">%<\/td>\n<\/tr>\n<\/table>\n<p>\n        \n      <\/p>\n<table align=\"center\" style=\"border-collapse: collapse;width:100%;border-collapse:collapse\">\n<tr>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td colspan=\"14\" style=\"text-align: center;vertical-align: middle;vertical-align: bottom\">(Unaudited)<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td colspan=\"13\" style=\"border-bottom: solid black 1pt;text-align: center;vertical-align: middle;vertical-align: bottom\">Nine Months Ended September\u00a030,<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td colspan=\"2\" style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;text-align: center;vertical-align: middle;vertical-align: bottom\">2025<\/td>\n<td style=\"text-align: center;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"border-top: solid black 1pt;text-align: center;vertical-align: middle;vertical-align: middle\">\u00a0<\/td>\n<td colspan=\"2\" style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;text-align: center;vertical-align: middle;vertical-align: bottom\">Year-over-year <br \/>% Growth<\/td>\n<td style=\"border-top: solid black 1pt;text-align: center;vertical-align: middle;vertical-align: middle\">\u00a0<\/td>\n<td colspan=\"2\" style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;text-align: center;vertical-align: middle;vertical-align: bottom\">2024<\/td>\n<td style=\"text-align: center;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"border-top: solid black 1pt;text-align: center;vertical-align: middle;vertical-align: middle\">\u00a0<\/td>\n<td colspan=\"2\" style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;text-align: center;vertical-align: middle;vertical-align: bottom\">Year-over-year <br \/>% Growth<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: top\">Average WSEs<\/td>\n<td style=\"text-align: center;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"border-top: solid black 1pt;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"border-top: solid black 1pt;text-align: right;vertical-align: middle;vertical-align: bottom\">137,640<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"border-top: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle;vertical-align: bottom\">7.2<\/td>\n<td style=\"border-top: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle;vertical-align: bottom\">%<\/td>\n<td style=\"text-align: center;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"border-top: solid black 1pt;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"border-top: solid black 1pt;text-align: right;vertical-align: middle;vertical-align: bottom\">128,394<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"text-align: center;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"border-top: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle;vertical-align: bottom\">3.9<\/td>\n<td style=\"border-top: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle;vertical-align: bottom\">%<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: top\">Ending WSEs<\/td>\n<td style=\"text-align: center;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"vertical-align: top\">\u00a0<\/td>\n<td style=\"text-align: right;vertical-align: middle;vertical-align: top\">140,409<\/td>\n<td style=\"vertical-align: top\">\u00a0<\/td>\n<td style=\"vertical-align: top\">\u00a0<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle;vertical-align: top\">5.8<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle;vertical-align: top\">%<\/td>\n<td style=\"text-align: center;vertical-align: middle;vertical-align: top\">\u00a0<\/td>\n<td style=\"vertical-align: top\">\u00a0<\/td>\n<td style=\"text-align: right;vertical-align: middle;vertical-align: top\">132,698<\/td>\n<td style=\"vertical-align: top\">\u00a0<\/td>\n<td style=\"text-align: center;vertical-align: middle;vertical-align: top\">\u00a0<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle;vertical-align: top\">3.3<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle;vertical-align: top\">%<\/td>\n<\/tr>\n<\/table>\n<p>\n        <strong>About BBSI<\/strong>\n      <\/p>\n<p>BBSI (NASDAQ: BBSI) is a leading provider of business management solutions, combining human resource outsourcing and professional management consulting to create a unique operational platform that differentiates it from competitors. The Company\u2019s integrated platform is built upon expertise in payroll processing, employee benefits, workers\u2019 compensation coverage, risk management and workplace safety programs, and human resource administration. BBSI\u2019s partnerships help businesses of all sizes improve the efficiency of their operations. The company works with more than 8,100 PEO clients in all 50 states. For more information, please visit <u>www.bbsi.com<\/u>.<\/p>\n<p>\n        <strong>Forward-Looking Statements<\/strong>\n      <\/p>\n<p>Statements in this release about future events and financial outlook are forward-looking statements. Such statements involve known and unknown risks, uncertainties and other factors that may cause the actual results of the Company to be materially different from any future results expressed or implied by such forward-looking statements. Factors that could affect future results include: economic conditions in the Company\u2019s service areas and the potential effects of changing governmental policies, including those related to immigration and tariffs; natural disasters; the effects of inflation on our operating expenses and those of our clients; the availability of certain fully insured medical and other health and welfare benefits to qualifying worksite employees; the effect of changes in the Company\u2019s mix of services on gross margin; the Company\u2019s ability to attract and retain clients and to achieve revenue growth; the availability of financing or other sources of capital; the Company\u2019s relationship with its primary bank lender; the potential for material deviations from expected future workers\u2019 compensation claims experience; changes in the workers\u2019 compensation regulatory environment in the Company\u2019s primary markets; PEO client benefits costs, particularly with regard to health insurance benefits; litigation costs; security breaches or failures in the Company\u2019s information technology systems; the collectability of accounts receivable; changes in executive management; changes in effective payroll tax rates and federal and state income tax rates; the carrying value of deferred income tax assets and goodwill; the outcome of tax audits; the effect of changing interest rates and conditions in the global capital markets on the Company\u2019s investment portfolio; and the potential for and effect of acquisitions, among others. Other important factors that may affect the Company\u2019s prospects are described in the Company\u2019s 2024 Annual Report on Form 10-K and in subsequent reports filed with the Securities and Exchange Commission under the Securities Exchange Act of 1934. Although forward-looking statements help to provide complete information about the Company, readers should keep in mind that forward-looking statements are less reliable than historical information. The Company undertakes no obligation to update or revise forward-looking statements in this release to reflect events or changes in circumstances that occur after the date of this release.<\/p>\n<table align=\"center\" style=\"border-collapse: collapse;width:100%;border-collapse:collapse\">\n<tr>\n<td style=\"width:61.6071%\">\u00a0<\/td>\n<td style=\"width:0.558036%\">\u00a0<\/td>\n<td colspan=\"2\" style=\"width:18.5268%\">\u00a0<\/td>\n<td style=\"width:0.558036%\">\u00a0<\/td>\n<td style=\"width:0.558036%\">\u00a0<\/td>\n<td colspan=\"2\" style=\"width:17.8571%\">\u00a0<\/td>\n<td style=\"width:0.558036%\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td colspan=\"8\" style=\"width:99.6652%;text-align: center;vertical-align: middle\">\n            <strong>Barrett Business Services, Inc.<\/strong><br \/>\n            <br \/>\n            <strong>Condensed Consolidated Balance Sheets<\/strong><br \/>\n            <br \/>(Unaudited)<\/td>\n<td style=\"width:0.558036%\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"width:61.6071%\">\u00a0<\/td>\n<td style=\"width:0.558036%\">\u00a0<\/td>\n<td colspan=\"2\" style=\"width:18.5268%\">\u00a0<\/td>\n<td style=\"width:0.558036%\">\u00a0<\/td>\n<td style=\"width:0.558036%\">\u00a0<\/td>\n<td colspan=\"2\" style=\"width:17.8571%\">\u00a0<\/td>\n<td style=\"width:0.558036%\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"width:61.6071%;text-align: right;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:0.558036%;text-align: center;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<td colspan=\"2\" style=\"width:18.5268%;text-align: center;vertical-align: middle;vertical-align: bottom\">September\u00a030,<\/td>\n<td style=\"width:0.558036%;text-align: center;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:0.558036%;text-align: center;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<td colspan=\"2\" style=\"width:17.8571%;text-align: center;vertical-align: middle;vertical-align: bottom\">December\u00a031,<\/td>\n<td style=\"width:0.558036%;text-align: center;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"width:61.6071%;vertical-align: bottom\">(in thousands)<\/td>\n<td style=\"width:0.558036%;vertical-align: bottom\">\u00a0<\/td>\n<td colspan=\"2\" style=\"width:18.5268%;border-bottom: solid black 1pt;text-align: center;vertical-align: middle;vertical-align: bottom\">2025<\/td>\n<td style=\"width:0.558036%;text-align: center;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:0.558036%;vertical-align: bottom\">\u00a0<\/td>\n<td colspan=\"2\" style=\"width:17.8571%;border-bottom: solid black 1pt;text-align: center;vertical-align: middle;vertical-align: bottom\">2024<\/td>\n<td style=\"width:0.558036%;text-align: center;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"width:61.6071%;text-align: center;vertical-align: middle;vertical-align: bottom\">\n            <strong>ASSETS<\/strong>\n          <\/td>\n<td style=\"width:0.558036%;text-align: center;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<td colspan=\"2\" style=\"width:18.5268%;border-top: solid black 1pt;text-align: center;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:0.558036%;text-align: center;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:0.558036%;vertical-align: bottom\">\u00a0<\/td>\n<td colspan=\"2\" style=\"width:17.8571%;border-top: solid black 1pt;text-align: center;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:0.558036%;text-align: center;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"width:61.6071%;vertical-align: bottom\">Current assets:<\/td>\n<td style=\"width:0.558036%;vertical-align: bottom\">\u00a0<\/td>\n<td colspan=\"2\" style=\"width:18.5268%;text-align: center;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:0.558036%;text-align: center;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:0.558036%;vertical-align: bottom\">\u00a0<\/td>\n<td colspan=\"2\" style=\"width:17.8571%;text-align: center;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:0.558036%;text-align: center;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"width:61.6071%;vertical-align: middle;text-align: left;padding-left: 15.0px;vertical-align: bottom\">Cash and cash equivalents<\/td>\n<td style=\"width:0.558036%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:3.01339%;vertical-align: bottom\">$<\/td>\n<td style=\"width:15.5134%;text-align: right;vertical-align: middle;vertical-align: bottom\">47,676<\/td>\n<td style=\"width:0.558036%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:0.558036%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:2.90179%;vertical-align: bottom\">$<\/td>\n<td style=\"width:14.9554%;text-align: right;vertical-align: middle;vertical-align: bottom\">55,367<\/td>\n<td style=\"width:0.558036%;vertical-align: bottom\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"width:61.6071%;vertical-align: middle;text-align: left;padding-left: 15.0px;vertical-align: bottom\">Investments<\/td>\n<td style=\"width:0.558036%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:3.01339%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:15.5134%;text-align: right;vertical-align: middle;vertical-align: bottom\">62,076<\/td>\n<td style=\"width:0.558036%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:0.558036%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:2.90179%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:14.9554%;text-align: right;vertical-align: middle;vertical-align: bottom\">66,492<\/td>\n<td style=\"width:0.558036%;vertical-align: bottom\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"width:61.6071%;vertical-align: middle;text-align: left;padding-left: 15.0px;vertical-align: bottom\">Trade accounts receivable, net<\/td>\n<td style=\"width:0.558036%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:3.01339%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:15.5134%;text-align: right;vertical-align: middle;vertical-align: bottom\">300,616<\/td>\n<td style=\"width:0.558036%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:0.558036%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:2.90179%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:14.9554%;text-align: right;vertical-align: middle;vertical-align: bottom\">234,533<\/td>\n<td style=\"width:0.558036%;vertical-align: bottom\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"width:61.6071%;vertical-align: middle;text-align: left;padding-left: 15.0px;vertical-align: bottom\">Income taxes receivable<\/td>\n<td style=\"width:0.558036%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:3.01339%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:15.5134%;text-align: right;vertical-align: middle;vertical-align: bottom\">326<\/td>\n<td style=\"width:0.558036%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:0.558036%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:2.90179%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:14.9554%;text-align: right;vertical-align: middle;vertical-align: bottom\">2,662<\/td>\n<td style=\"width:0.558036%;vertical-align: bottom\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"width:61.6071%;vertical-align: middle;text-align: left;padding-left: 15.0px;vertical-align: bottom\">Prepaid expenses and other<\/td>\n<td style=\"width:0.558036%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:3.01339%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:15.5134%;text-align: right;vertical-align: middle;vertical-align: bottom\">25,806<\/td>\n<td style=\"width:0.558036%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:0.558036%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:2.90179%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:14.9554%;text-align: right;vertical-align: middle;vertical-align: bottom\">18,698<\/td>\n<td style=\"width:0.558036%;vertical-align: bottom\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"width:61.6071%;vertical-align: middle;text-align: left;padding-left: 15.0px;vertical-align: bottom\">Restricted cash and investments<\/td>\n<td style=\"width:0.558036%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:3.01339%;border-bottom: solid black 1pt;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:15.5134%;border-bottom: solid black 1pt;text-align: right;vertical-align: middle;vertical-align: bottom\">80,403<\/td>\n<td style=\"width:0.558036%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:0.558036%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:2.90179%;border-bottom: solid black 1pt;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:14.9554%;border-bottom: solid black 1pt;text-align: right;vertical-align: middle;vertical-align: bottom\">97,690<\/td>\n<td style=\"width:0.558036%;vertical-align: bottom\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"width:61.6071%;vertical-align: middle;text-align: left;padding-left: 25.0px;vertical-align: bottom\">Total current assets<\/td>\n<td style=\"width:0.558036%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:3.01339%;border-top: solid black 1pt;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:15.5134%;border-top: solid black 1pt;text-align: right;vertical-align: middle;vertical-align: bottom\">516,903<\/td>\n<td style=\"width:0.558036%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:0.558036%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:2.90179%;border-top: solid black 1pt;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:14.9554%;border-top: solid black 1pt;text-align: right;vertical-align: middle;vertical-align: bottom\">475,442<\/td>\n<td style=\"width:0.558036%;vertical-align: bottom\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"width:61.6071%;vertical-align: bottom\">Property, equipment and software, net<\/td>\n<td style=\"width:0.558036%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:3.01339%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:15.5134%;text-align: right;vertical-align: middle;vertical-align: bottom\">63,915<\/td>\n<td style=\"width:0.558036%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:0.558036%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:2.90179%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:14.9554%;text-align: right;vertical-align: middle;vertical-align: bottom\">56,781<\/td>\n<td style=\"width:0.558036%;vertical-align: bottom\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"width:61.6071%;vertical-align: bottom\">Operating lease right-of-use assets<\/td>\n<td style=\"width:0.558036%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:3.01339%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:15.5134%;text-align: right;vertical-align: middle;vertical-align: bottom\">23,973<\/td>\n<td style=\"width:0.558036%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:0.558036%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:2.90179%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:14.9554%;text-align: right;vertical-align: middle;vertical-align: bottom\">20,329<\/td>\n<td style=\"width:0.558036%;vertical-align: bottom\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"width:61.6071%;vertical-align: bottom\">Restricted cash and investments<\/td>\n<td style=\"width:0.558036%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:3.01339%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:15.5134%;text-align: right;vertical-align: middle;vertical-align: bottom\">117,321<\/td>\n<td style=\"width:0.558036%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:0.558036%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:2.90179%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:14.9554%;text-align: right;vertical-align: middle;vertical-align: bottom\">134,454<\/td>\n<td style=\"width:0.558036%;vertical-align: bottom\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"width:61.6071%;vertical-align: bottom\">Goodwill<\/td>\n<td style=\"width:0.558036%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:3.01339%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:15.5134%;text-align: right;vertical-align: middle;vertical-align: bottom\">47,820<\/td>\n<td style=\"width:0.558036%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:0.558036%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:2.90179%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:14.9554%;text-align: right;vertical-align: middle;vertical-align: bottom\">47,820<\/td>\n<td style=\"width:0.558036%;vertical-align: bottom\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"width:61.6071%;vertical-align: bottom\">Other assets<\/td>\n<td style=\"width:0.558036%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:3.01339%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:15.5134%;text-align: right;vertical-align: middle;vertical-align: bottom\">6,097<\/td>\n<td style=\"width:0.558036%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:0.558036%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:2.90179%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:14.9554%;text-align: right;vertical-align: middle;vertical-align: bottom\">6,205<\/td>\n<td style=\"width:0.558036%;vertical-align: bottom\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"width:61.6071%;vertical-align: bottom\">Deferred income taxes<\/td>\n<td style=\"width:0.558036%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:3.01339%;border-bottom: solid black 1pt;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:15.5134%;border-bottom: solid black 1pt;text-align: right;vertical-align: middle;vertical-align: bottom\">1,896<\/td>\n<td style=\"width:0.558036%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:0.558036%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:2.90179%;border-bottom: solid black 1pt;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:14.9554%;border-bottom: solid black 1pt;text-align: right;vertical-align: middle;vertical-align: bottom\">4,477<\/td>\n<td style=\"width:0.558036%;vertical-align: bottom\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"width:61.6071%;vertical-align: bottom\">Total assets<\/td>\n<td style=\"width:0.558036%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:3.01339%;border-top: solid black 1pt;border-bottom: double black 3pt;vertical-align: bottom\">$<\/td>\n<td style=\"width:15.5134%;border-top: solid black 1pt;border-bottom: double black 3pt;text-align: right;vertical-align: middle;vertical-align: bottom\">777,925<\/td>\n<td style=\"width:0.558036%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:0.558036%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:2.90179%;border-top: solid black 1pt;border-bottom: double black 3pt;vertical-align: bottom\">$<\/td>\n<td style=\"width:14.9554%;border-top: solid black 1pt;border-bottom: double black 3pt;text-align: right;vertical-align: middle;vertical-align: bottom\">745,508<\/td>\n<td style=\"width:0.558036%;vertical-align: bottom\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"width:61.6071%;text-align: center;vertical-align: middle;vertical-align: bottom\">\n            <strong>LIABILITIES AND STOCKHOLDERS&#8217; EQUITY<\/strong>\n          <\/td>\n<td style=\"width:0.558036%;text-align: center;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<td colspan=\"2\" style=\"width:18.5268%;border-top: double black 3pt;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:0.558036%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:0.558036%;vertical-align: bottom\">\u00a0<\/td>\n<td colspan=\"2\" style=\"width:17.8571%;border-top: double black 3pt;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:0.558036%;vertical-align: bottom\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"width:61.6071%;vertical-align: bottom\">Current liabilities:<\/td>\n<td style=\"width:0.558036%;vertical-align: bottom\">\u00a0<\/td>\n<td colspan=\"2\" style=\"width:18.5268%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:0.558036%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:0.558036%;vertical-align: bottom\">\u00a0<\/td>\n<td colspan=\"2\" style=\"width:17.8571%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:0.558036%;vertical-align: bottom\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"width:61.6071%;vertical-align: middle;text-align: left;padding-left: 15.0px;vertical-align: bottom\">Accounts payable<\/td>\n<td style=\"width:0.558036%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:3.01339%;vertical-align: bottom\">$<\/td>\n<td style=\"width:15.5134%;text-align: right;vertical-align: middle;vertical-align: bottom\">5,842<\/td>\n<td style=\"width:0.558036%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:0.558036%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:2.90179%;vertical-align: bottom\">$<\/td>\n<td style=\"width:14.9554%;text-align: right;vertical-align: middle;vertical-align: bottom\">6,787<\/td>\n<td style=\"width:0.558036%;vertical-align: bottom\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"width:61.6071%;vertical-align: middle;text-align: left;padding-left: 15.0px;vertical-align: bottom\">Accrued payroll and related benefits<\/td>\n<td style=\"width:0.558036%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:3.01339%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:15.5134%;text-align: right;vertical-align: middle;vertical-align: bottom\">278,405<\/td>\n<td style=\"width:0.558036%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:0.558036%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:2.90179%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:14.9554%;text-align: right;vertical-align: middle;vertical-align: bottom\">215,648<\/td>\n<td style=\"width:0.558036%;vertical-align: bottom\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"width:61.6071%;vertical-align: middle;text-align: left;padding-left: 15.0px;vertical-align: bottom\">Payroll taxes payable<\/td>\n<td style=\"width:0.558036%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:3.01339%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:15.5134%;text-align: right;vertical-align: middle;vertical-align: bottom\">43,164<\/td>\n<td style=\"width:0.558036%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:0.558036%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:2.90179%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:14.9554%;text-align: right;vertical-align: middle;vertical-align: bottom\">49,685<\/td>\n<td style=\"width:0.558036%;vertical-align: bottom\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"width:61.6071%;vertical-align: middle;text-align: left;padding-left: 15.0px;vertical-align: bottom\">Current operating lease liabilities<\/td>\n<td style=\"width:0.558036%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:3.01339%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:15.5134%;text-align: right;vertical-align: middle;vertical-align: bottom\">6,945<\/td>\n<td style=\"width:0.558036%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:0.558036%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:2.90179%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:14.9554%;text-align: right;vertical-align: middle;vertical-align: bottom\">6,231<\/td>\n<td style=\"width:0.558036%;vertical-align: bottom\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"width:61.6071%;vertical-align: middle;text-align: left;padding-left: 15.0px;vertical-align: bottom\">Current premium payable<\/td>\n<td style=\"width:0.558036%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:3.01339%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:15.5134%;text-align: right;vertical-align: middle;vertical-align: bottom\">20,208<\/td>\n<td style=\"width:0.558036%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:0.558036%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:2.90179%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:14.9554%;text-align: right;vertical-align: middle;vertical-align: bottom\">31,134<\/td>\n<td style=\"width:0.558036%;vertical-align: bottom\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"width:61.6071%;vertical-align: middle;text-align: left;padding-left: 15.0px;vertical-align: bottom\">Other accrued liabilities<\/td>\n<td style=\"width:0.558036%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:3.01339%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:15.5134%;text-align: right;vertical-align: middle;vertical-align: bottom\">17,873<\/td>\n<td style=\"width:0.558036%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:0.558036%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:2.90179%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:14.9554%;text-align: right;vertical-align: middle;vertical-align: bottom\">10,330<\/td>\n<td style=\"width:0.558036%;vertical-align: bottom\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"width:61.6071%;vertical-align: middle;text-align: left;padding-left: 15.0px;vertical-align: bottom\">Workers&#8217; compensation claims liabilities<\/td>\n<td style=\"width:0.558036%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:3.01339%;border-bottom: solid black 1pt;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:15.5134%;border-bottom: solid black 1pt;text-align: right;vertical-align: middle;vertical-align: bottom\">34,239<\/td>\n<td style=\"width:0.558036%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:0.558036%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:2.90179%;border-bottom: solid black 1pt;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:14.9554%;border-bottom: solid black 1pt;text-align: right;vertical-align: middle;vertical-align: bottom\">39,081<\/td>\n<td style=\"width:0.558036%;vertical-align: bottom\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"width:61.6071%;vertical-align: middle;text-align: left;padding-left: 25.0px;vertical-align: bottom\">Total current liabilities<\/td>\n<td style=\"width:0.558036%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:3.01339%;border-top: solid black 1pt;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:15.5134%;border-top: solid black 1pt;text-align: right;vertical-align: middle;vertical-align: bottom\">406,676<\/td>\n<td style=\"width:0.558036%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:0.558036%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:2.90179%;border-top: solid black 1pt;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:14.9554%;border-top: solid black 1pt;text-align: right;vertical-align: middle;vertical-align: bottom\">358,896<\/td>\n<td style=\"width:0.558036%;vertical-align: bottom\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"width:61.6071%;vertical-align: bottom\">Long-term workers&#8217; compensation claims liabilities<\/td>\n<td style=\"width:0.558036%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:3.01339%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:15.5134%;text-align: right;vertical-align: middle;vertical-align: bottom\">74,945<\/td>\n<td style=\"width:0.558036%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:0.558036%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:2.90179%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:14.9554%;text-align: right;vertical-align: middle;vertical-align: bottom\">89,365<\/td>\n<td style=\"width:0.558036%;vertical-align: bottom\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"width:61.6071%;vertical-align: bottom\">Long-term premium payable<\/td>\n<td style=\"width:0.558036%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:3.01339%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:15.5134%;text-align: right;vertical-align: middle;vertical-align: bottom\">25,212<\/td>\n<td style=\"width:0.558036%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:0.558036%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:2.90179%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:14.9554%;text-align: right;vertical-align: middle;vertical-align: bottom\">49,840<\/td>\n<td style=\"width:0.558036%;vertical-align: bottom\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"width:61.6071%;vertical-align: bottom\">Long-term operating lease liabilities<\/td>\n<td style=\"width:0.558036%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:3.01339%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:15.5134%;text-align: right;vertical-align: middle;vertical-align: bottom\">18,225<\/td>\n<td style=\"width:0.558036%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:0.558036%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:2.90179%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:14.9554%;text-align: right;vertical-align: middle;vertical-align: bottom\">15,215<\/td>\n<td style=\"width:0.558036%;vertical-align: bottom\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"width:61.6071%;vertical-align: bottom\">Customer deposits and other long-term liabilities<\/td>\n<td style=\"width:0.558036%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:3.01339%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:15.5134%;text-align: right;vertical-align: middle;vertical-align: bottom\">12,722<\/td>\n<td style=\"width:0.558036%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:0.558036%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:2.90179%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:14.9554%;text-align: right;vertical-align: middle;vertical-align: bottom\">10,788<\/td>\n<td style=\"width:0.558036%;vertical-align: bottom\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"width:61.6071%;vertical-align: bottom\">Stockholders&#8217; equity<\/td>\n<td style=\"width:0.558036%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:3.01339%;border-bottom: solid black 1pt;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:15.5134%;border-bottom: solid black 1pt;text-align: right;vertical-align: middle;vertical-align: bottom\">240,145<\/td>\n<td style=\"width:0.558036%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:0.558036%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:2.90179%;border-bottom: solid black 1pt;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:14.9554%;border-bottom: solid black 1pt;text-align: right;vertical-align: middle;vertical-align: bottom\">221,404<\/td>\n<td style=\"width:0.558036%;vertical-align: bottom\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"width:61.6071%;vertical-align: bottom\">Total liabilities and stockholders&#8217; equity<\/td>\n<td style=\"width:0.558036%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:3.01339%;border-top: solid black 1pt;border-bottom: double black 3pt;vertical-align: bottom\">$<\/td>\n<td style=\"width:15.5134%;border-top: solid black 1pt;border-bottom: double black 3pt;text-align: right;vertical-align: middle;vertical-align: bottom\">777,925<\/td>\n<td style=\"width:0.558036%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:0.558036%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:2.90179%;border-top: solid black 1pt;border-bottom: double black 3pt;vertical-align: bottom\">$<\/td>\n<td style=\"width:14.9554%;border-top: solid black 1pt;border-bottom: double black 3pt;text-align: right;vertical-align: middle;vertical-align: bottom\">745,508<\/td>\n<td style=\"width:0.558036%;vertical-align: bottom\">\u00a0<\/td>\n<\/tr>\n<\/table>\n<p>\n        \n      <\/p>\n<table align=\"center\" style=\"border-collapse: collapse;width:100%;border-collapse:collapse\">\n<tr>\n<td colspan=\"16\">\u00a0<\/td>\n<td style=\"width:1.22768%\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td colspan=\"16\" style=\"width:98.8839%;text-align: center;vertical-align: middle\">\n            <strong>Barrett Business Services, Inc.<\/strong><br \/>\n            <br \/>\n            <strong>Consolidated Statements of Operations<\/strong><br \/>\n            <br \/>(Unaudited)<\/td>\n<td style=\"width:1.22768%\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"width:52.6786%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:0.446429%;vertical-align: bottom\">\u00a0<\/td>\n<td colspan=\"6\" style=\"width:22.0982%;text-align: center;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:1.11607%;text-align: center;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:0.446429%;vertical-align: bottom\">\u00a0<\/td>\n<td colspan=\"6\" style=\"width:22.0982%;text-align: center;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:1.22768%;text-align: center;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"width:52.6786%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:0.446429%;text-align: center;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<td colspan=\"6\" style=\"width:22.0982%;text-align: center;vertical-align: middle;vertical-align: bottom\">Three Months Ended<\/td>\n<td style=\"width:1.11607%;text-align: center;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:0.446429%;vertical-align: bottom\">\u00a0<\/td>\n<td colspan=\"6\" style=\"width:22.0982%;text-align: center;vertical-align: middle;vertical-align: bottom\">Nine Months Ended<\/td>\n<td style=\"width:1.22768%;text-align: center;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"width:52.6786%;text-align: center;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:0.446429%;text-align: center;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<td colspan=\"6\" style=\"width:22.0982%;border-bottom: solid black 1pt;text-align: center;vertical-align: middle;vertical-align: bottom\">September\u00a030,<\/td>\n<td style=\"width:1.11607%;text-align: center;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:0.446429%;vertical-align: bottom\">\u00a0<\/td>\n<td colspan=\"6\" style=\"width:22.0982%;border-bottom: solid black 1pt;text-align: center;vertical-align: middle;vertical-align: bottom\">September\u00a030,<\/td>\n<td style=\"width:1.22768%;text-align: center;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"width:52.6786%;vertical-align: bottom\">(in thousands, except per share amounts)<\/td>\n<td style=\"width:0.446429%;text-align: center;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<td colspan=\"2\" style=\"width:10.2679%;border-top: solid black 1pt;border-bottom: solid black 1pt;text-align: center;vertical-align: middle;vertical-align: bottom\">2025<\/td>\n<td style=\"width:1.11607%;text-align: center;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:0.446429%;border-top: solid black 1pt;vertical-align: bottom\">\u00a0<\/td>\n<td colspan=\"2\" style=\"width:10.2679%;border-top: solid black 1pt;border-bottom: solid black 1pt;text-align: center;vertical-align: middle;vertical-align: bottom\">2024<\/td>\n<td style=\"width:1.11607%;text-align: center;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:0.446429%;vertical-align: bottom\">\u00a0<\/td>\n<td colspan=\"2\" style=\"width:10.2679%;border-top: solid black 1pt;border-bottom: solid black 1pt;text-align: center;vertical-align: middle;vertical-align: bottom\">2025<\/td>\n<td style=\"width:1.11607%;text-align: center;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:0.446429%;border-top: solid black 1pt;vertical-align: bottom\">\u00a0<\/td>\n<td colspan=\"2\" style=\"width:10.2679%;border-top: solid black 1pt;border-bottom: solid black 1pt;text-align: center;vertical-align: middle;vertical-align: bottom\">2024<\/td>\n<td style=\"width:1.22768%;text-align: center;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"width:52.6786%;vertical-align: bottom\">Revenues:<\/td>\n<td style=\"width:0.446429%;vertical-align: bottom\">\u00a0<\/td>\n<td colspan=\"2\" style=\"width:10.2679%;border-top: solid black 1pt;text-align: center;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:1.11607%;text-align: center;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:0.446429%;vertical-align: bottom\">\u00a0<\/td>\n<td colspan=\"2\" style=\"width:10.2679%;border-top: solid black 1pt;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:1.11607%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:0.446429%;text-align: center;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<td colspan=\"2\" style=\"width:10.2679%;border-top: solid black 1pt;text-align: center;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:1.11607%;text-align: center;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:0.446429%;vertical-align: bottom\">\u00a0<\/td>\n<td colspan=\"2\" style=\"width:10.2679%;border-top: solid black 1pt;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:1.22768%;vertical-align: bottom\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"width:52.6786%;vertical-align: middle;text-align: left;padding-left: 15.0px;vertical-align: bottom\">Professional employer services<\/td>\n<td style=\"width:0.446429%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:1.67411%;vertical-align: bottom\">$<\/td>\n<td style=\"width:8.59375%;text-align: right;vertical-align: middle;vertical-align: bottom\">299,685<\/td>\n<td style=\"width:1.11607%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:0.446429%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:1.67411%;vertical-align: bottom\">$<\/td>\n<td style=\"width:8.59375%;text-align: right;vertical-align: middle;vertical-align: bottom\">272,793<\/td>\n<td style=\"width:1.11607%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:0.446429%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:1.67411%;vertical-align: bottom\">$<\/td>\n<td style=\"width:8.59375%;text-align: right;vertical-align: middle;vertical-align: bottom\">864,781<\/td>\n<td style=\"width:1.11607%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:0.446429%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:1.67411%;vertical-align: bottom\">$<\/td>\n<td style=\"width:8.59375%;text-align: right;vertical-align: middle;vertical-align: bottom\">778,869<\/td>\n<td style=\"width:1.22768%;vertical-align: bottom\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"width:52.6786%;vertical-align: middle;text-align: left;padding-left: 15.0px;vertical-align: bottom\">Staffing services<\/td>\n<td style=\"width:0.446429%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:1.67411%;border-bottom: solid black 1pt;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:8.59375%;border-bottom: solid black 1pt;text-align: right;vertical-align: middle;vertical-align: bottom\">19,264<\/td>\n<td style=\"width:1.11607%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:0.446429%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:1.67411%;border-bottom: solid black 1pt;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:8.59375%;border-bottom: solid black 1pt;text-align: right;vertical-align: middle;vertical-align: bottom\">21,485<\/td>\n<td style=\"width:1.11607%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:0.446429%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:1.67411%;border-bottom: solid black 1pt;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:8.59375%;border-bottom: solid black 1pt;text-align: right;vertical-align: middle;vertical-align: bottom\">54,391<\/td>\n<td style=\"width:1.11607%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:0.446429%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:1.67411%;border-bottom: solid black 1pt;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:8.59375%;border-bottom: solid black 1pt;text-align: right;vertical-align: middle;vertical-align: bottom\">60,842<\/td>\n<td style=\"width:1.22768%;vertical-align: bottom\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"width:52.6786%;vertical-align: middle;text-align: left;padding-left: 25.0px;vertical-align: bottom\">Total revenues<\/td>\n<td style=\"width:0.446429%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:1.67411%;border-top: solid black 1pt;border-bottom: solid black 1pt;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:8.59375%;border-top: solid black 1pt;border-bottom: solid black 1pt;text-align: right;vertical-align: middle;vertical-align: bottom\">318,949<\/td>\n<td style=\"width:1.11607%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:0.446429%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:1.67411%;border-top: solid black 1pt;border-bottom: solid black 1pt;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:8.59375%;border-top: solid black 1pt;border-bottom: solid black 1pt;text-align: right;vertical-align: middle;vertical-align: bottom\">294,278<\/td>\n<td style=\"width:1.11607%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:0.446429%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:1.67411%;border-top: solid black 1pt;border-bottom: solid black 1pt;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:8.59375%;border-top: solid black 1pt;border-bottom: solid black 1pt;text-align: right;vertical-align: middle;vertical-align: bottom\">919,172<\/td>\n<td style=\"width:1.11607%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:0.446429%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:1.67411%;border-top: solid black 1pt;border-bottom: solid black 1pt;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:8.59375%;border-top: solid black 1pt;border-bottom: solid black 1pt;text-align: right;vertical-align: middle;vertical-align: bottom\">839,711<\/td>\n<td style=\"width:1.22768%;vertical-align: bottom\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"width:52.6786%;vertical-align: bottom\">Cost of revenues:<\/td>\n<td style=\"width:0.446429%;vertical-align: bottom\">\u00a0<\/td>\n<td colspan=\"2\" style=\"width:10.2679%;border-top: solid black 1pt;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:1.11607%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:0.446429%;vertical-align: bottom\">\u00a0<\/td>\n<td colspan=\"2\" style=\"width:10.2679%;border-top: solid black 1pt;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:1.11607%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:0.446429%;vertical-align: bottom\">\u00a0<\/td>\n<td colspan=\"2\" style=\"width:10.2679%;border-top: solid black 1pt;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:1.11607%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:0.446429%;vertical-align: bottom\">\u00a0<\/td>\n<td colspan=\"2\" style=\"width:10.2679%;border-top: solid black 1pt;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:1.22768%;vertical-align: bottom\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"width:52.6786%;vertical-align: middle;text-align: left;padding-left: 15.0px;vertical-align: bottom\">Direct payroll costs<\/td>\n<td style=\"width:0.446429%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:1.67411%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:8.59375%;text-align: right;vertical-align: middle;vertical-align: bottom\">14,604<\/td>\n<td style=\"width:1.11607%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:0.446429%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:1.67411%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:8.59375%;text-align: right;vertical-align: middle;vertical-align: bottom\">16,208<\/td>\n<td style=\"width:1.11607%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:0.446429%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:1.67411%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:8.59375%;text-align: right;vertical-align: middle;vertical-align: bottom\">41,075<\/td>\n<td style=\"width:1.11607%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:0.446429%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:1.67411%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:8.59375%;text-align: right;vertical-align: middle;vertical-align: bottom\">45,618<\/td>\n<td style=\"width:1.22768%;vertical-align: bottom\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"width:52.6786%;vertical-align: middle;text-align: left;padding-left: 15.0px;vertical-align: bottom\">Payroll taxes and benefits<\/td>\n<td style=\"width:0.446429%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:1.67411%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:8.59375%;text-align: right;vertical-align: middle;vertical-align: bottom\">176,270<\/td>\n<td style=\"width:1.11607%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:0.446429%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:1.67411%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:8.59375%;text-align: right;vertical-align: middle;vertical-align: bottom\">154,109<\/td>\n<td style=\"width:1.11607%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:0.446429%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:1.67411%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:8.59375%;text-align: right;vertical-align: middle;vertical-align: bottom\">536,553<\/td>\n<td style=\"width:1.11607%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:0.446429%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:1.67411%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:8.59375%;text-align: right;vertical-align: middle;vertical-align: bottom\">464,814<\/td>\n<td style=\"width:1.22768%;vertical-align: bottom\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"width:52.6786%;vertical-align: middle;text-align: left;padding-left: 15.0px;vertical-align: bottom\">Workers&#8217; compensation<\/td>\n<td style=\"width:0.446429%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:1.67411%;border-bottom: solid black 1pt;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:8.59375%;border-bottom: solid black 1pt;text-align: right;vertical-align: middle;vertical-align: bottom\">51,310<\/td>\n<td style=\"width:1.11607%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:0.446429%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:1.67411%;border-bottom: solid black 1pt;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:8.59375%;border-bottom: solid black 1pt;text-align: right;vertical-align: middle;vertical-align: bottom\">49,549<\/td>\n<td style=\"width:1.11607%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:0.446429%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:1.67411%;border-bottom: solid black 1pt;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:8.59375%;border-bottom: solid black 1pt;text-align: right;vertical-align: middle;vertical-align: bottom\">148,896<\/td>\n<td style=\"width:1.11607%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:0.446429%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:1.67411%;border-bottom: solid black 1pt;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:8.59375%;border-bottom: solid black 1pt;text-align: right;vertical-align: middle;vertical-align: bottom\">147,403<\/td>\n<td style=\"width:1.22768%;vertical-align: bottom\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"width:52.6786%;vertical-align: middle;text-align: left;padding-left: 25.0px;vertical-align: bottom\">Total cost of revenues<\/td>\n<td style=\"width:0.446429%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:1.67411%;border-top: solid black 1pt;border-bottom: solid black 1pt;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:8.59375%;border-top: solid black 1pt;border-bottom: solid black 1pt;text-align: right;vertical-align: middle;vertical-align: bottom\">242,184<\/td>\n<td style=\"width:1.11607%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:0.446429%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:1.67411%;border-top: solid black 1pt;border-bottom: solid black 1pt;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:8.59375%;border-top: solid black 1pt;border-bottom: solid black 1pt;text-align: right;vertical-align: middle;vertical-align: bottom\">219,866<\/td>\n<td style=\"width:1.11607%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:0.446429%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:1.67411%;border-top: solid black 1pt;border-bottom: solid black 1pt;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:8.59375%;border-top: solid black 1pt;border-bottom: solid black 1pt;text-align: right;vertical-align: middle;vertical-align: bottom\">726,524<\/td>\n<td style=\"width:1.11607%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:0.446429%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:1.67411%;border-top: solid black 1pt;border-bottom: solid black 1pt;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:8.59375%;border-top: solid black 1pt;border-bottom: solid black 1pt;text-align: right;vertical-align: middle;vertical-align: bottom\">657,835<\/td>\n<td style=\"width:1.22768%;vertical-align: bottom\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"width:52.6786%;vertical-align: middle;text-align: left;padding-left: 25.0px;vertical-align: bottom\">Gross margin<\/td>\n<td style=\"width:0.446429%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:1.67411%;border-top: solid black 1pt;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:8.59375%;border-top: solid black 1pt;text-align: right;vertical-align: middle;vertical-align: bottom\">76,765<\/td>\n<td style=\"width:1.11607%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:0.446429%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:1.67411%;border-top: solid black 1pt;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:8.59375%;border-top: solid black 1pt;text-align: right;vertical-align: middle;vertical-align: bottom\">74,412<\/td>\n<td style=\"width:1.11607%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:0.446429%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:1.67411%;border-top: solid black 1pt;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:8.59375%;border-top: solid black 1pt;text-align: right;vertical-align: middle;vertical-align: bottom\">192,648<\/td>\n<td style=\"width:1.11607%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:0.446429%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:1.67411%;border-top: solid black 1pt;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:8.59375%;border-top: solid black 1pt;text-align: right;vertical-align: middle;vertical-align: bottom\">181,876<\/td>\n<td style=\"width:1.22768%;vertical-align: bottom\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"width:52.6786%;vertical-align: bottom\">Selling, general and administrative expenses<\/td>\n<td style=\"width:0.446429%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:1.67411%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:8.59375%;text-align: right;vertical-align: middle;vertical-align: bottom\">49,886<\/td>\n<td style=\"width:1.11607%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:0.446429%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:1.67411%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:8.59375%;text-align: right;vertical-align: middle;vertical-align: bottom\">49,060<\/td>\n<td style=\"width:1.11607%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:0.446429%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:1.67411%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:8.59375%;text-align: right;vertical-align: middle;vertical-align: bottom\">142,912<\/td>\n<td style=\"width:1.11607%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:0.446429%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:1.67411%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:8.59375%;text-align: right;vertical-align: middle;vertical-align: bottom\">137,051<\/td>\n<td style=\"width:1.22768%;vertical-align: bottom\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"width:52.6786%;vertical-align: bottom\">Depreciation and amortization<\/td>\n<td style=\"width:0.446429%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:1.67411%;border-bottom: solid black 1pt;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:8.59375%;border-bottom: solid black 1pt;text-align: right;vertical-align: middle;vertical-align: bottom\">2,097<\/td>\n<td style=\"width:1.11607%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:0.446429%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:1.67411%;border-bottom: solid black 1pt;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:8.59375%;border-bottom: solid black 1pt;text-align: right;vertical-align: middle;vertical-align: bottom\">1,899<\/td>\n<td style=\"width:1.11607%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:0.446429%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:1.67411%;border-bottom: solid black 1pt;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:8.59375%;border-bottom: solid black 1pt;text-align: right;vertical-align: middle;vertical-align: bottom\">6,093<\/td>\n<td style=\"width:1.11607%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:0.446429%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:1.67411%;border-bottom: solid black 1pt;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:8.59375%;border-bottom: solid black 1pt;text-align: right;vertical-align: middle;vertical-align: bottom\">5,663<\/td>\n<td style=\"width:1.22768%;vertical-align: bottom\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"width:52.6786%;vertical-align: middle;text-align: left;padding-left: 25.0px;vertical-align: bottom\">Income from operations<\/td>\n<td style=\"width:0.446429%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:1.67411%;border-top: solid black 1pt;border-bottom: solid black 1pt;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:8.59375%;border-top: solid black 1pt;border-bottom: solid black 1pt;text-align: right;vertical-align: middle;vertical-align: bottom\">24,782<\/td>\n<td style=\"width:1.11607%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:0.446429%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:1.67411%;border-top: solid black 1pt;border-bottom: solid black 1pt;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:8.59375%;border-top: solid black 1pt;border-bottom: solid black 1pt;text-align: right;vertical-align: middle;vertical-align: bottom\">23,453<\/td>\n<td style=\"width:1.11607%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:0.446429%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:1.67411%;border-top: solid black 1pt;border-bottom: solid black 1pt;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:8.59375%;border-top: solid black 1pt;border-bottom: solid black 1pt;text-align: right;vertical-align: middle;vertical-align: bottom\">43,643<\/td>\n<td style=\"width:1.11607%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:0.446429%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:1.67411%;border-top: solid black 1pt;border-bottom: solid black 1pt;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:8.59375%;border-top: solid black 1pt;border-bottom: solid black 1pt;text-align: right;vertical-align: middle;vertical-align: bottom\">39,162<\/td>\n<td style=\"width:1.22768%;vertical-align: bottom\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"width:52.6786%;vertical-align: bottom\">Other income (expense):<\/td>\n<td style=\"width:0.446429%;vertical-align: bottom\">\u00a0<\/td>\n<td colspan=\"2\" style=\"width:10.2679%;border-top: solid black 1pt;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:1.11607%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:0.446429%;vertical-align: bottom\">\u00a0<\/td>\n<td colspan=\"2\" style=\"width:10.2679%;border-top: solid black 1pt;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:1.11607%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:0.446429%;vertical-align: bottom\">\u00a0<\/td>\n<td colspan=\"2\" style=\"width:10.2679%;border-top: solid black 1pt;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:1.11607%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:0.446429%;vertical-align: bottom\">\u00a0<\/td>\n<td colspan=\"2\" style=\"width:10.2679%;border-top: solid black 1pt;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:1.22768%;vertical-align: bottom\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"width:52.6786%;vertical-align: middle;text-align: left;padding-left: 15.0px;vertical-align: bottom\">Investment income, net<\/td>\n<td style=\"width:0.446429%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:1.67411%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:8.59375%;text-align: right;vertical-align: middle;vertical-align: bottom\">1,983<\/td>\n<td style=\"width:1.11607%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:0.446429%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:1.67411%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:8.59375%;text-align: right;vertical-align: middle;vertical-align: bottom\">2,265<\/td>\n<td style=\"width:1.11607%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:0.446429%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:1.67411%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:8.59375%;text-align: right;vertical-align: middle;vertical-align: bottom\">6,903<\/td>\n<td style=\"width:1.11607%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:0.446429%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:1.67411%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:8.59375%;text-align: right;vertical-align: middle;vertical-align: bottom\">8,608<\/td>\n<td style=\"width:1.22768%;vertical-align: bottom\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"width:52.6786%;vertical-align: middle;text-align: left;padding-left: 15.0px;vertical-align: bottom\">Interest expense<\/td>\n<td style=\"width:0.446429%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:1.67411%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:8.59375%;text-align: right;vertical-align: middle;vertical-align: bottom\">(45<\/td>\n<td style=\"width:1.11607%;vertical-align: bottom\">)<\/td>\n<td style=\"width:0.446429%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:1.67411%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:8.59375%;text-align: right;vertical-align: middle;vertical-align: bottom\">(45<\/td>\n<td style=\"width:1.11607%;vertical-align: bottom\">)<\/td>\n<td style=\"width:0.446429%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:1.67411%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:8.59375%;text-align: right;vertical-align: middle;vertical-align: bottom\">(133<\/td>\n<td style=\"width:1.11607%;vertical-align: bottom\">)<\/td>\n<td style=\"width:0.446429%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:1.67411%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:8.59375%;text-align: right;vertical-align: middle;vertical-align: bottom\">(133<\/td>\n<td style=\"width:1.22768%;vertical-align: bottom\">)<\/td>\n<\/tr>\n<tr>\n<td style=\"width:52.6786%;vertical-align: middle;text-align: left;padding-left: 15.0px;vertical-align: bottom\">Other, net<\/td>\n<td style=\"width:0.446429%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:1.67411%;border-bottom: solid black 1pt;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:8.59375%;border-bottom: solid black 1pt;text-align: right;vertical-align: middle;vertical-align: bottom\">32<\/td>\n<td style=\"width:1.11607%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:0.446429%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:1.67411%;border-bottom: solid black 1pt;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:8.59375%;border-bottom: solid black 1pt;text-align: right;vertical-align: middle;vertical-align: bottom\">31<\/td>\n<td style=\"width:1.11607%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:0.446429%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:1.67411%;border-bottom: solid black 1pt;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:8.59375%;border-bottom: solid black 1pt;text-align: right;vertical-align: middle;vertical-align: bottom\">131<\/td>\n<td style=\"width:1.11607%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:0.446429%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:1.67411%;border-bottom: solid black 1pt;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:8.59375%;border-bottom: solid black 1pt;text-align: right;vertical-align: middle;vertical-align: bottom\">124<\/td>\n<td style=\"width:1.22768%;vertical-align: bottom\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"width:52.6786%;vertical-align: middle;text-align: left;padding-left: 25.0px;vertical-align: bottom\">Other income, net<\/td>\n<td style=\"width:0.446429%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:1.67411%;border-top: solid black 1pt;border-bottom: solid black 1pt;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:8.59375%;border-top: solid black 1pt;border-bottom: solid black 1pt;text-align: right;vertical-align: middle;vertical-align: bottom\">1,970<\/td>\n<td style=\"width:1.11607%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:0.446429%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:1.67411%;border-top: solid black 1pt;border-bottom: solid black 1pt;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:8.59375%;border-top: solid black 1pt;border-bottom: solid black 1pt;text-align: right;vertical-align: middle;vertical-align: bottom\">2,251<\/td>\n<td style=\"width:1.11607%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:0.446429%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:1.67411%;border-top: solid black 1pt;border-bottom: solid black 1pt;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:8.59375%;border-top: solid black 1pt;border-bottom: solid black 1pt;text-align: right;vertical-align: middle;vertical-align: bottom\">6,901<\/td>\n<td style=\"width:1.11607%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:0.446429%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:1.67411%;border-top: solid black 1pt;border-bottom: solid black 1pt;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:8.59375%;border-top: solid black 1pt;border-bottom: solid black 1pt;text-align: right;vertical-align: middle;vertical-align: bottom\">8,599<\/td>\n<td style=\"width:1.22768%;vertical-align: bottom\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"width:52.6786%;vertical-align: middle;text-align: left;padding-left: 25.0px;vertical-align: bottom\">Income before income taxes<\/td>\n<td style=\"width:0.446429%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:1.67411%;border-top: solid black 1pt;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:8.59375%;border-top: solid black 1pt;text-align: right;vertical-align: middle;vertical-align: bottom\">26,752<\/td>\n<td style=\"width:1.11607%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:0.446429%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:1.67411%;border-top: solid black 1pt;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:8.59375%;border-top: solid black 1pt;text-align: right;vertical-align: middle;vertical-align: bottom\">25,704<\/td>\n<td style=\"width:1.11607%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:0.446429%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:1.67411%;border-top: solid black 1pt;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:8.59375%;border-top: solid black 1pt;text-align: right;vertical-align: middle;vertical-align: bottom\">50,544<\/td>\n<td style=\"width:1.11607%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:0.446429%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:1.67411%;border-top: solid black 1pt;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:8.59375%;border-top: solid black 1pt;text-align: right;vertical-align: middle;vertical-align: bottom\">47,761<\/td>\n<td style=\"width:1.22768%;vertical-align: bottom\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"width:52.6786%;vertical-align: bottom\">Provision for income taxes<\/td>\n<td style=\"width:0.446429%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:1.67411%;border-bottom: solid black 1pt;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:8.59375%;border-bottom: solid black 1pt;text-align: right;vertical-align: middle;vertical-align: bottom\">6,133<\/td>\n<td style=\"width:1.11607%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:0.446429%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:1.67411%;border-bottom: solid black 1pt;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:8.59375%;border-bottom: solid black 1pt;text-align: right;vertical-align: middle;vertical-align: bottom\">6,076<\/td>\n<td style=\"width:1.11607%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:0.446429%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:1.67411%;border-bottom: solid black 1pt;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:8.59375%;border-bottom: solid black 1pt;text-align: right;vertical-align: middle;vertical-align: bottom\">12,492<\/td>\n<td style=\"width:1.11607%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:0.446429%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:1.67411%;border-bottom: solid black 1pt;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:8.59375%;border-bottom: solid black 1pt;text-align: right;vertical-align: middle;vertical-align: bottom\">11,568<\/td>\n<td style=\"width:1.22768%;vertical-align: bottom\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"width:52.6786%;vertical-align: middle;text-align: left;padding-left: 25.0px;vertical-align: bottom\">Net income<\/td>\n<td style=\"width:0.446429%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:1.67411%;border-top: solid black 1pt;border-bottom: double black 3pt;vertical-align: bottom\">$<\/td>\n<td style=\"width:8.59375%;border-top: solid black 1pt;border-bottom: double black 3pt;text-align: right;vertical-align: middle;vertical-align: bottom\">20,619<\/td>\n<td style=\"width:1.11607%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:0.446429%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:1.67411%;border-top: solid black 1pt;border-bottom: double black 3pt;vertical-align: bottom\">$<\/td>\n<td style=\"width:8.59375%;border-top: solid black 1pt;border-bottom: double black 3pt;text-align: right;vertical-align: middle;vertical-align: bottom\">19,628<\/td>\n<td style=\"width:1.11607%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:0.446429%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:1.67411%;border-top: solid black 1pt;border-bottom: double black 3pt;vertical-align: bottom\">$<\/td>\n<td style=\"width:8.59375%;border-top: solid black 1pt;border-bottom: double black 3pt;text-align: right;vertical-align: middle;vertical-align: bottom\">38,052<\/td>\n<td style=\"width:1.11607%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:0.446429%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:1.67411%;border-top: solid black 1pt;border-bottom: double black 3pt;vertical-align: bottom\">$<\/td>\n<td style=\"width:8.59375%;border-top: solid black 1pt;border-bottom: double black 3pt;text-align: right;vertical-align: middle;vertical-align: bottom\">36,193<\/td>\n<td style=\"width:1.22768%;vertical-align: bottom\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"width:52.6786%;vertical-align: bottom\">Basic income per common share<\/td>\n<td style=\"width:0.446429%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:1.67411%;border-top: double black 3pt;border-bottom: double black 3pt;vertical-align: bottom\">$<\/td>\n<td style=\"width:8.59375%;border-top: double black 3pt;border-bottom: double black 3pt;text-align: right;vertical-align: middle;vertical-align: bottom\">0.80<\/td>\n<td style=\"width:1.11607%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:0.446429%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:1.67411%;border-top: double black 3pt;border-bottom: double black 3pt;vertical-align: bottom\">$<\/td>\n<td style=\"width:8.59375%;border-top: double black 3pt;border-bottom: double black 3pt;text-align: right;vertical-align: middle;vertical-align: bottom\">0.75<\/td>\n<td style=\"width:1.11607%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:0.446429%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:1.67411%;border-top: double black 3pt;border-bottom: double black 3pt;vertical-align: bottom\">$<\/td>\n<td style=\"width:8.59375%;border-top: double black 3pt;border-bottom: double black 3pt;text-align: right;vertical-align: middle;vertical-align: bottom\">1.48<\/td>\n<td style=\"width:1.11607%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:0.446429%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:1.67411%;border-top: double black 3pt;border-bottom: double black 3pt;vertical-align: bottom\">$<\/td>\n<td style=\"width:8.59375%;border-top: double black 3pt;border-bottom: double black 3pt;text-align: right;vertical-align: middle;vertical-align: bottom\">1.38<\/td>\n<td style=\"width:1.22768%;vertical-align: bottom\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"width:52.6786%;vertical-align: bottom\">Weighted average number of basic common shares <br \/>outstanding<\/td>\n<td style=\"width:0.446429%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:1.67411%;border-top: double black 3pt;border-bottom: double black 3pt;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:8.59375%;border-top: double black 3pt;border-bottom: double black 3pt;text-align: right;vertical-align: middle;vertical-align: bottom\">25,688<\/td>\n<td style=\"width:1.11607%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:0.446429%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:1.67411%;border-top: double black 3pt;border-bottom: double black 3pt;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:8.59375%;border-top: double black 3pt;border-bottom: double black 3pt;text-align: right;vertical-align: middle;vertical-align: bottom\">26,052<\/td>\n<td style=\"width:1.11607%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:0.446429%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:1.67411%;border-top: double black 3pt;border-bottom: double black 3pt;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:8.59375%;border-top: double black 3pt;border-bottom: double black 3pt;text-align: right;vertical-align: middle;vertical-align: bottom\">25,696<\/td>\n<td style=\"width:1.11607%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:0.446429%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:1.67411%;border-top: double black 3pt;border-bottom: double black 3pt;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:8.59375%;border-top: double black 3pt;border-bottom: double black 3pt;text-align: right;vertical-align: middle;vertical-align: bottom\">26,133<\/td>\n<td style=\"width:1.22768%;vertical-align: bottom\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"width:52.6786%;vertical-align: bottom\">Diluted income per common share<\/td>\n<td style=\"width:0.446429%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:1.67411%;border-top: double black 3pt;border-bottom: double black 3pt;vertical-align: bottom\">$<\/td>\n<td style=\"width:8.59375%;border-top: double black 3pt;border-bottom: double black 3pt;text-align: right;vertical-align: middle;vertical-align: bottom\">0.79<\/td>\n<td style=\"width:1.11607%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:0.446429%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:1.67411%;border-top: double black 3pt;border-bottom: double black 3pt;vertical-align: bottom\">$<\/td>\n<td style=\"width:8.59375%;border-top: double black 3pt;border-bottom: double black 3pt;text-align: right;vertical-align: middle;vertical-align: bottom\">0.74<\/td>\n<td style=\"width:1.11607%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:0.446429%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:1.67411%;border-top: double black 3pt;border-bottom: double black 3pt;vertical-align: bottom\">$<\/td>\n<td style=\"width:8.59375%;border-top: double black 3pt;border-bottom: double black 3pt;text-align: right;vertical-align: middle;vertical-align: bottom\">1.45<\/td>\n<td style=\"width:1.11607%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:0.446429%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:1.67411%;border-top: double black 3pt;border-bottom: double black 3pt;vertical-align: bottom\">$<\/td>\n<td style=\"width:8.59375%;border-top: double black 3pt;border-bottom: double black 3pt;text-align: right;vertical-align: middle;vertical-align: bottom\">1.35<\/td>\n<td style=\"width:1.22768%;vertical-align: bottom\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"width:52.6786%;vertical-align: bottom\">Weighted average number of diluted common shares <br \/>outstanding<\/td>\n<td style=\"width:0.446429%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:1.67411%;border-top: double black 3pt;border-bottom: double black 3pt;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:8.59375%;border-top: double black 3pt;border-bottom: double black 3pt;text-align: right;vertical-align: middle;vertical-align: bottom\">26,171<\/td>\n<td style=\"width:1.11607%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:0.446429%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:1.67411%;border-top: double black 3pt;border-bottom: double black 3pt;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:8.59375%;border-top: double black 3pt;border-bottom: double black 3pt;text-align: right;vertical-align: middle;vertical-align: bottom\">26,620<\/td>\n<td style=\"width:1.11607%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:0.446429%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:1.67411%;border-top: double black 3pt;border-bottom: double black 3pt;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:8.59375%;border-top: double black 3pt;border-bottom: double black 3pt;text-align: right;vertical-align: middle;vertical-align: bottom\">26,263<\/td>\n<td style=\"width:1.11607%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:0.446429%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:1.67411%;border-top: double black 3pt;border-bottom: double black 3pt;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:8.59375%;border-top: double black 3pt;border-bottom: double black 3pt;text-align: right;vertical-align: middle;vertical-align: bottom\">26,736<\/td>\n<td style=\"width:1.22768%;vertical-align: bottom\">\u00a0<\/td>\n<\/tr>\n<\/table>\n<p>\n        <strong>Investor Relations: <\/strong><br \/>\n        <br \/>Gateway Group, Inc.<br \/>Cody Slach <br \/>Tel 1-949-574-3860 <br \/>BBSI@gateway-grp.com<\/p>\n<p>      <img decoding=\"async\" alt=\"\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTU2OTY0NSM3MjQ2ODQxIzIwMDcyMDM=\" \/><br \/>\n      <br \/>\n      <img decoding=\"async\" alt=\"\" src=\"https:\/\/ml.globenewswire.com\/media\/OTMzYTMwZjItMGQxNC00ZGNmLWExNDAtZDNmMWI1NGNkMDE5LTEwMTg3NzYtMjAyNS0xMS0wNS1lbg==\/tiny\/Barrett-Business-Services-Inc.png\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>&#8211; Revenues up 8% to $318.9 Million and Gross Billings up 9% to $2.32 Billion &#8211; VANCOUVER, Wash., Nov. 05, 2025 (GLOBE NEWSWIRE) &#8212; \u00a0Barrett Business Services, Inc. (\u201cBBSI\u201d or the \u201cCompany\u201d) (NASDAQ: BBSI), a leading provider of business management solutions, reported financial results for the third quarter ended September\u00a030, 2025. Third Quarter 2025 Financial Summary vs. Year-Ago Quarter Revenues up 8% to $318.9 million. Gross billings up 9% to $2.32 billion. Average worksite employees (\u201cWSEs\u201d) up 6%. Net income increased to $20.6 million, or $0.79 per diluted share, compared to net income of $19.6 million, or $0.74 per diluted share. \u201cBBSI delivered another strong quarter of controllable growth driven by new client additions,\u201d said Gary Kramer, President and CEO &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/bbsi-reports-third-quarter-2025-financial-results\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;BBSI Reports Third Quarter 2025 Financial Results&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-906378","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>BBSI Reports Third Quarter 2025 Financial Results - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/bbsi-reports-third-quarter-2025-financial-results\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"BBSI Reports Third Quarter 2025 Financial Results - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"&#8211; Revenues up 8% to $318.9 Million and Gross Billings up 9% to $2.32 Billion &#8211; VANCOUVER, Wash., Nov. 05, 2025 (GLOBE NEWSWIRE) &#8212; \u00a0Barrett Business Services, Inc. (\u201cBBSI\u201d or the \u201cCompany\u201d) (NASDAQ: BBSI), a leading provider of business management solutions, reported financial results for the third quarter ended September\u00a030, 2025. Third Quarter 2025 Financial Summary vs. Year-Ago Quarter Revenues up 8% to $318.9 million. Gross billings up 9% to $2.32 billion. Average worksite employees (\u201cWSEs\u201d) up 6%. Net income increased to $20.6 million, or $0.79 per diluted share, compared to net income of $19.6 million, or $0.74 per diluted share. \u201cBBSI delivered another strong quarter of controllable growth driven by new client additions,\u201d said Gary Kramer, President and CEO &hellip; Continue reading &quot;BBSI Reports Third Quarter 2025 Financial Results&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/bbsi-reports-third-quarter-2025-financial-results\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2025-11-06T01:40:09+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTU2OTY0NSM3MjQ2ODQxIzIwMDcyMDM=\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"8 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/bbsi-reports-third-quarter-2025-financial-results\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/bbsi-reports-third-quarter-2025-financial-results\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"BBSI Reports Third Quarter 2025 Financial Results\",\"datePublished\":\"2025-11-06T01:40:09+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/bbsi-reports-third-quarter-2025-financial-results\\\/\"},\"wordCount\":1671,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/bbsi-reports-third-quarter-2025-financial-results\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=OTU2OTY0NSM3MjQ2ODQxIzIwMDcyMDM=\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/bbsi-reports-third-quarter-2025-financial-results\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/bbsi-reports-third-quarter-2025-financial-results\\\/\",\"name\":\"BBSI Reports Third Quarter 2025 Financial Results - 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Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/bbsi-reports-third-quarter-2025-financial-results\/","og_locale":"en_US","og_type":"article","og_title":"BBSI Reports Third Quarter 2025 Financial Results - Market Newsdesk","og_description":"&#8211; Revenues up 8% to $318.9 Million and Gross Billings up 9% to $2.32 Billion &#8211; VANCOUVER, Wash., Nov. 05, 2025 (GLOBE NEWSWIRE) &#8212; \u00a0Barrett Business Services, Inc. (\u201cBBSI\u201d or the \u201cCompany\u201d) (NASDAQ: BBSI), a leading provider of business management solutions, reported financial results for the third quarter ended September\u00a030, 2025. Third Quarter 2025 Financial Summary vs. Year-Ago Quarter Revenues up 8% to $318.9 million. Gross billings up 9% to $2.32 billion. Average worksite employees (\u201cWSEs\u201d) up 6%. Net income increased to $20.6 million, or $0.79 per diluted share, compared to net income of $19.6 million, or $0.74 per diluted share. \u201cBBSI delivered another strong quarter of controllable growth driven by new client additions,\u201d said Gary Kramer, President and CEO &hellip; Continue reading \"BBSI Reports Third Quarter 2025 Financial Results\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/bbsi-reports-third-quarter-2025-financial-results\/","og_site_name":"Market Newsdesk","article_published_time":"2025-11-06T01:40:09+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTU2OTY0NSM3MjQ2ODQxIzIwMDcyMDM=","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"8 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/bbsi-reports-third-quarter-2025-financial-results\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/bbsi-reports-third-quarter-2025-financial-results\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"BBSI Reports Third Quarter 2025 Financial Results","datePublished":"2025-11-06T01:40:09+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/bbsi-reports-third-quarter-2025-financial-results\/"},"wordCount":1671,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/bbsi-reports-third-quarter-2025-financial-results\/#primaryimage"},"thumbnailUrl":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTU2OTY0NSM3MjQ2ODQxIzIwMDcyMDM=","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/bbsi-reports-third-quarter-2025-financial-results\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/bbsi-reports-third-quarter-2025-financial-results\/","name":"BBSI Reports Third Quarter 2025 Financial Results - 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