Document and Entity Information - shares	3 Months Ended
Document and Entity Information - shares	Mar. 31, 2019	Apr. 15, 2019
Document and Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Mar. 31, 2019
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	Q1
Trading Symbol	TBI
Entity Registrant Name	TrueBlue, Inc.
Current Fiscal Year End Date	0000768899
Well-Known Seasoned Issuer	--12-29
Filer Category	Large Accelerated Filer
Entity Emerging Growth Company	false
Entity Small Business	false
Common Stock Shares Outstanding (in shares)		40,152,708

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 30, 2018
Current assets:
Cash and cash equivalents	$ 26,328	$ 46,988
Accounts receivable, net of allowance for doubtful accounts of $4,832 and $5,026	327,038	355,373
Prepaid expenses, deposits and other current assets	24,291	22,141
Income tax receivable	8,329	5,325
Total current assets	385,986	429,827
Property and equipment, net	57,898	57,671
Restricted cash and investments	229,743	235,443
Deferred income taxes, net	1,177	4,388
Goodwill	238,006	237,287
Intangible assets, net	86,541	91,408
Operating lease right-of-use assets	38,717	0
Workers’ compensation claims receivable, net	45,694	44,915
Other assets, net	16,254	13,905
Total assets	1,100,016	1,114,844
Current liabilities:
Accounts payable and other accrued expenses	51,420	62,045
Accrued wages and benefits	66,832	77,098
Current portion of workers’ compensation claims reserve	74,073	76,421
Operating lease current liabilities	14,638	0
Other current liabilities	8,358	9,962
Total current liabilities	215,321	225,526
Workers’ compensation claims reserve, less current portion	187,993	190,025
Long-term debt, less current portion	42,200	80,000
Long-term deferred compensation liabilities	25,023	21,747
Operating lease long-term liabilities	26,723	0
Other long-term liabilities	4,469	6,107
Total liabilities	501,729	523,405
Commitments and contingencies (Note 5)
Shareholders’ equity:
Preferred stock, $0.131 par value, 20,000 shares authorized; No shares issued and outstanding	0	0
Common stock, no par value, 100,000 shares authorized; 40,152 and 40,054 shares issued and outstanding	1	1
Accumulated other comprehensive loss	(13,323)	(14,649)
Retained earnings	611,609	606,087
Total shareholders’ equity	598,287	591,439
Total liabilities and shareholders’ equity	$ 1,100,016	$ 1,114,844

CONSOLIDATED BALANCE SHEETS (Parentheticals) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 30, 2018
Allowance for doubtful accounts	$ 4,832	$ 5,026
Preferred stock, par value (in dollars per share)	$ 0.131	$ 0.131
Preferred stock, shares authorized	20,000,000	20,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock, par value (in dollars per share)	$ 0	$ 0
Common stock, shares authorized	100,000,000	100,000,000
Common stock, shares issued	40,152,000	40,054,000
Common stock, shares outstanding	40,152,000	40,054,000

CONSOLIDATED STATEMENTS OF OPERATIONS & COMPREHENSIVE INCOME - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2019	Apr. 01, 2018
Revenue from services	$ 552,352	$ 554,388
Cost of services	403,976	411,120
Gross profit	148,376	143,268
Selling, general and administrative expense	129,661	125,763
Depreciation and amortization	9,952	10,090
Income from operations	8,763	7,415
Interest expense	722	890
Interest and other income	1,275	3,094
Interest and other income (expense), net	553	2,204
Income before tax expense	9,316	9,619
Income tax expense	1,040	864
Net income	$ 8,276	$ 8,755
Net income per common share:
Basic (in dollars per share)	$ 0.21	$ 0.22
Diluted (in dollars per share)	$ 0.21	$ 0.22
Weighted average shares outstanding:
Basic (in shares)	39,366	40,443
Diluted (in shares)	39,735	40,694
Other Comprehensive Income (Loss), Net of Tax [Abstract]
Comprehensive income	$ 9,602	$ 7,371
Accumulated other comprehensive loss
Other Comprehensive Income (Loss), Net of Tax [Abstract]
Foreign currency translation adjustment	$ 1,326	$ (1,384)

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Apr. 01, 2018
Cash flows from operating activities:
Net income	$ 8,276	$ 8,755
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	9,952	10,090
Provision for doubtful accounts	1,778	2,209
Stock-based compensation	3,606	3,409
Deferred income taxes	3,209	1,370
Non-cash lease expense	3,565	0
Other operating activities	(1,841)	(572)
Changes in operating assets and liabilities:
Accounts receivable	26,558	42,679
Income tax receivable	(3,645)	(2,842)
Other assets	(5,274)	(1,964)
Accounts payable and other accrued expenses	(9,878)	(5,232)
Accrued wages and benefits	(10,266)	(10,125)
Workers’ compensation claims reserve	(4,380)	(4,579)
Operating lease liabilities	3,414	0
Other liabilities	3,268	1,637
Net cash provided by operating activities	21,514	44,835
Cash flows from investing activities:
Capital expenditures	(5,862)	(1,911)
Divestiture of business	0	8,500
Purchases of restricted investments	(3,070)	(3,299)
Maturities of restricted investments	10,337	6,417
Net cash provided by investing activities	1,405	9,707
Cash flows from financing activities:
Payments for Repurchase of Common Stock	(5,303)	0
Net proceeds from employee stock purchase plans	380	395
Common stock repurchases for taxes upon vesting of restricted stock	(1,438)	(2,086)
Net change in revolving credit facility	(37,800)	(46,301)
Payments on debt	0	(567)
Other	(69)	0
Net cash used in financing activities	(44,230)	(48,559)
Effect of exchange rate changes on cash, cash equivalents and restricted cash	314	(760)
Net change in cash, cash equivalents and restricted cash	(20,997)	5,223
Cash, cash equivalents and restricted cash, beginning of period	102,450	73,831
Cash, cash equivalents and restricted cash, end of period	81,453	79,054
Supplemental Cash Flow Information [Abstract]
Interest	667	827
Income taxes	1,448	2,342
Operating lease liabilities	4,344	0
Property and equipment purchased but not yet paid	807	581
Divestiture non-cash consideration	0	1,957
Right-of-use assets obtained in exchange for new operating lease liabilities	$ 4,698	$ 0

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	3 Months Ended
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	Mar. 31, 2019
Accounting Policies [Abstract]
Significant Accounting Policies	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Financial statement preparation The accompanying unaudited consolidated financial statements (“financial statements”) of TrueBlue, Inc. (the “company,” “TrueBlue,” “we,” “us,” and “our”) are prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) and rules and regulations of the Securities and Exchange Commission for interim financial information. Accordingly, certain information and footnote disclosures usually found in financial statements prepared in accordance with U.S. GAAP have been condensed or omitted. The financial statements reflect all adjustments which, in the opinion of management, are necessary to fairly state the financial statements for the interim periods presented. We follow the same accounting policies for preparing both quarterly and annual financial statements. These financial statements should be read in conjunction with the audited consolidated financial statements and related notes included in our Annual Report on Form 10-K for the fiscal year ended December 30, 2018. The results of operations for the thirteen weeks ended March 31, 2019, are not necessarily indicative of the results expected for the full fiscal year or for any other fiscal period. Reclassifications Certain immaterial prior year amounts have been reclassified within current liabilities on our Consolidated Balance Sheets and Consolidated Statements of Cash Flows to conform to current year presentation. Leases We conduct our branch office operations from leased locations. We also lease office spaces for our centralized support functions, vehicles and equipment. Many leases require variable payments of property taxes, insurance, and common area maintenance, in addition to base rent. The variable portion of these lease payments is not included in our right-of-use assets or lease liabilities. Rather, variable payments, other than those dependent upon an index or rate, are expensed when the obligation for those payments is incurred and are included in lease expense in selling, general and administrative expense on our Consolidated Statements of Operations and Comprehensive Income. The terms of our lease agreements generally range from three to five years, some containing options to renew or cancel. We determine if an arrangement meets the definition of a lease at inception, at which time we also perform an analysis to determine whether the lease qualifies as operating or financing. Operating leases are included in operating lease right-of-use assets and operating lease current and long-term liabilities on our Consolidated Balance Sheets. Lease expense for operating leases is recognized on a straight-line basis over the lease term, and is included in selling, general and administrative expense on our Consolidated Statements of Operations and Comprehensive Income. Financing leases are included in property and equipment, net, other current liabilities, and other long-term liabilities on our Consolidated Balance Sheets. Lease expense for financing leases is recognized as depreciation of the right-of-use asset and interest expense. Lease right-of-use assets and lease liabilities are measured using the present value of future minimum lease payments over the lease term at commencement date. The right-of-use asset also includes any lease payments made on or before the commencement date of the lease, less any lease incentives received. As the rate implicit in the lease is not readily determinable in our leases, we use our incremental borrowing rates based on the information available at the lease commencement date in determining the present value of lease payments. The incremental borrowing rates used are estimated based on what we would be required to pay for a collateralized loan over a similar term. We have lease agreements with lease and non-lease components, which are accounted for as a single lease component. For leases with an initial non-cancelable lease term of less than one year and no option to purchase, we have elected not to recognize the lease on our Consolidated Balance Sheets and instead recognize rent payments on a straight-line basis over the lease term in selling, general and administrative expense on our Consolidated Statements of Operations and Comprehensive Income. In addition, for those leases where the right to cancel the lease is available to both TrueBlue (as the lessee) and the lessor, the lease term is the initial non-cancelable period plus the notice period, which is typically 90 days, and not greater than one year. Recently adopted accounting standards Intangibles-goodwill and other-internal-use software In August 2018, the Financial Accounting Standards Board (“FASB”) issued new guidance on accounting for implementation costs incurred in a cloud computing arrangement that is a service contract. The standard aligns the requirements for capitalizing implementation costs incurred in a hosting arrangement that is a service contract with the requirements for capitalizing implementation costs incurred to develop or obtain internal-use software (and hosting arrangements that include an internal-use software license). Previously, we expensed the cost of internal development labor as incurred. The new guidance now requires these costs be capitalized with the related amortization recorded in selling, general and administrative expense. In addition, capitalized development costs are required to be recorded as a prepaid asset rather than a fixed asset, and license fees incurred during the development period are expensed as incurred. The standard is effective for annual and interim periods beginning after December 15, 2019, with early adoption permitted. We elected to early adopt this new standard prospectively as of the first day of our fiscal first quarter in 2019. There was no impact on our consolidated financial statements upon adoption. Leases In February 2016, the FASB issued guidance on lease accounting. The new guidance continues to classify leases as either finance or operating, but results in the lessee recognizing most operating leases on the balance sheet as right-of-use assets and lease liabilities. This guidance was effective for annual and interim periods beginning after December 15, 2018 (Q1 2019 for TrueBlue), with early adoption permitted. In July 2018, the FASB amended the standard to provide transition relief for comparative reporting, allowing companies to adopt the provisions of the new standard using a modified retrospective transition method on the adoption date, with a cumulative-effect adjustment to retained earnings recorded on the date of adoption. We have elected to adopt the standard using the transition relief provided in the July amendment. In preparation for adoption of the standard, we have implemented internal controls and key system functionality to enable the preparation of financial information. We have elected the three practical expedients allowed for implementation of the new standard, but have not utilized the hindsight practical expedient. Accordingly, we did not reassess: 1) whether any expired or existing contracts are or contain leases; 2) the lease classification for any expired or existing leases; 3) initial direct costs for any existing leases. We have also elected the practical expedient to not separate non-lease components from the lease components to which they relate, and instead account for each as a single lease component, for all underlying asset classes. Accordingly, all expenses associated with a lease contract are accounted for as lease expenses. Adoption of the new standard resulted in the recording of operating right-of-use assets and lease liabilities of $39 million and $41 million, respectively, as of the first day of our fiscal first quarter of 2019. The difference between the right-of-use assets and lease liabilities relates to the deferred rent liability balance as of the end of fiscal 2018 associated with the leases capitalized. The deferred rent liability, which was the difference between the straight-line lease expense and cash paid, reduced the right-of-use asset upon adoption. Our accounting for finance leases remained substantially unchanged. The standard did not materially impact our Consolidated Statements of Operations and Comprehensive Income or our Consolidated Statements of Cash Flows. Recently issued accounting pronouncements not yet adopted In June 2016, the FASB issued guidance on accounting for credit losses on financial instruments. This guidance sets forth a current expected credit loss model, which requires measurement of all expected credit losses for financial instruments held at the reporting date based on historical experience, current conditions, and reasonable supportable forecasts. This guidance replaces the incurred loss impairment methodology under current U.S. GAAP with a methodology that reflects expected credit losses and requires consideration of a broader range of reasonable and supportable information to inform credit loss estimates. We will be required to use a forward-looking expected credit loss model for accounts receivables, loans, and other financial instruments. Credit losses relating to available-for-sale debt securities will also be recorded through an allowance for credit losses rather than as a reduction in the amortized cost basis of the securities. This guidance is effective for fiscal years beginning after December 15, 2019 (Q1 2020 for TrueBlue) with early adoption permitted no sooner than Q1 2019. A modified retrospective approach is required for all investments, except debt securities for which an other-than-temporary impairment had been recognized prior to the effective date, which will require a prospective transition approach. We plan to adopt this guidance on the effective date and are currently evaluating the impact of this standard on our consolidated financial statements, including accounting policies, processes, systems, and internal controls. Other accounting standards that have been issued by the FASB or other standards-setting bodies that do not require adoption until a future date are not expected to have a material impact on our financial statements upon adoption.

FAIR VALUE MEASUREMENT

3 Months Ended

Mar. 31, 2019

Fair Value Disclosures [Abstract]

FAIR VALUE MEASUREMENT

Our assets measured at fair value on a recurring basis consisted of the following:



	March 31, 2019
(in thousands)	Total fair value		Quoted prices in active markets for identical assets (level 1)		Significant other observable inputs (level 2)		Significant unobservable inputs (level 3)
Cash and cash equivalents	$	26,328	$	26,328	$	—	$	—
Restricted cash and cash equivalents	55,125		55,125		—		—
Cash, cash equivalents and restricted cash (1)	$	81,453	$	81,453	$	—	$	—

Municipal debt securities	$	75,794	$	—	$	75,794	$	—
Corporate debt securities	69,777		—		69,777		—
Agency mortgage-backed securities	2,235		—		2,235		—
U.S. government and agency securities	1,012		—		1,012		—
Restricted investments classified as held-to-maturity	$	148,818	$	—	$	148,818	$	—

Deferred compensation mutual funds classified as available-for-sale	$	26,969	$	26,969	$	—	$	—



	December 30, 2018
(in thousands)	Total fair value		Quoted prices in active markets for identical assets (level 1)		Significant other observable inputs (level 2)		Significant unobservable inputs (level 3)
Cash and cash equivalents	$	46,988	$	46,988	$	—	$	—
Restricted cash and cash equivalents	55,462		55,462		—		—
Cash, cash equivalents and restricted cash (1)	$	102,450	$	102,450	$	—	$	—

Municipal debt securities	$	76,690	$	—	$	76,690	$	—
Corporate debt securities	75,432		—		75,432		—
Agency mortgage-backed securities	2,531		—		2,531		—
U.S. government and agency securities	988		—		988		—
Restricted investments classified as held-to-maturity	$	155,641	$	—	$	155,641	$	—

Deferred compensation mutual funds classified as available-for-sale	$	23,363	$	23,363	$	—	$	—


(1)	Cash, cash equivalents and restricted cash consist of money market funds, deposits and investments with original maturities of three months or less.

There were no material transfers between Level 1, Level 2 and Level 3 of the fair value hierarchy during the thirteen weeks ended March 31, 2019 nor April 1, 2018.

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References + Details

RESTRICTED CASH AND INVESTMENTS

3 Months Ended

Mar. 31, 2019

Restricted Cash and Investments [Abstract]

RESTRICTED CASH AND INVESTMENTS

The following is a summary of the carrying value of our restricted cash and investments:



(in thousands)	March 31, 2019		December 30, 2018
Cash collateral held by insurance carriers	$	24,366	$	24,182
Cash and cash equivalents held in Trust	30,354		28,021
Investments held in Trust	147,649		156,618
Deferred compensation mutual funds	26,969		23,363
Other restricted cash and cash equivalents	405		3,259
Total restricted cash and investments	$	229,743	$	235,443

Held-to-maturity

Restricted cash and investments include collateral that has been provided or pledged to insurance carriers for workers’ compensation and state workers’ compensation programs. Our insurance carriers and certain state workers’ compensation programs require us to collateralize a portion of our workers’ compensation obligation. The collateral typically takes the form of cash and cash equivalents and highly rated investment grade securities, primarily in debt and asset-backed securities. The majority of our collateral obligations are held in a trust at the Bank of New York Mellon (“Trust”).

The amortized cost and estimated fair value of our held-to-maturity investments held in Trust, aggregated by investment category as of March 31, 2019 and December 30, 2018, were as follows:



	March 31, 2019
(in thousands)	Amortized cost		Gross unrealized gains		Gross unrealized losses			Fair value
Municipal debt securities	$	74,657	$	1,261	$	(124	)	$	75,794
Corporate debt securities	69,756		305		(284		)	69,777
Agency mortgage-backed securities	2,237		14		(16		)	2,235
U.S. government and agency securities	999		13		—			1,012
Total held-to-maturity investments	$	147,649	$	1,593	$	(424	)	$	148,818



	December 30, 2018
(in thousands)	Amortized cost		Gross unrealized gains		Gross unrealized losses			Fair value
Municipal debt securities	$	76,750	$	456	$	(516	)	$	76,690
Corporate debt securities	76,310		30		(908		)	75,432
Agency mortgage-backed securities	2,559		5		(33		)	2,531
U.S. government and agency securities	999		—		(11		)	988
Total held-to-maturity investments	$	156,618	$	491	$	(1,468	)	$	155,641

The estimated fair value and gross unrealized losses of all investments classified as held-to-maturity, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position as of March 31, 2019 and December 30, 2018, were as follows:



	March 31, 2019
	Less than 12 months					12 months or more					Total
(in thousands)	Estimated fair value		Unrealized losses			Estimated fair value		Unrealized losses			Estimated fair value		Unrealized losses
Municipal debt securities	$	—	$	—		$	14,255	$	(124	)	$	14,255	$	(124	)
Corporate debt securities	2,015		(2		)	40,689		(282		)	42,704		(284		)
Agency mortgage-backed securities	—		—			1,237		(16		)	1,237		(16		)
Total held-to-maturity investments	$	2,015	$	(2	)	$	56,181	$	(422	)	$	58,196	$	(424	)



	December 30, 2018
	Less than 12 months					12 months or more					Total
(in thousands)	Estimated fair value		Unrealized losses			Estimated fair value		Unrealized losses			Estimated fair value		Unrealized losses
Municipal debt securities	$	12,803	$	(74	)	$	22,638	$	(442	)	$	35,441	$	(516	)
Corporate debt securities	22,567		(277		)	44,463		(631		)	67,030		(908		)
Agency mortgage-backed securities	385		—			1,375		(33		)	1,760		(33		)
U.S. government and agency securities	988		(11		)	—		—			988		(11		)
Total held-to-maturity investments	$	36,743	$	(362	)	$	68,476	$	(1,106	)	$	105,219	$	(1,468	)

The total number of held-to-maturity securities in an unrealized loss position as of March 31, 2019 and December 30, 2018 were 54 and 93, respectively. The unrealized losses were the result of interest rate increases. Since the decline in estimated fair value is attributable to changes in interest rates and not credit quality, and the company has the intent and ability to hold these debt securities until recovery of amortized cost or until maturity, we do not consider these investments other than temporarily impaired.

The amortized cost and fair value by contractual maturity of our held-to-maturity investments are as follows:



	March 31, 2019
(in thousands)	Amortized cost		Fair value
Due in one year or less	$	18,964	$	18,912
Due after one year through five years	86,051		86,524
Due after five years through ten years	42,634		43,382
Total held-to-maturity investments	$	147,649	$	148,818

Actual maturities may differ from contractual maturities because the issuers of certain debt securities have the right to call or prepay their obligations without penalty. We have no significant concentrations of counterparties in our held-to-maturity investment portfolio.

Available-for-sale

We hold mutual funds classified as available-for-sale to support our deferred compensation liability. Unrealized gains and losses related to equity investments still held at March 31, 2019 and April 1, 2018, were a $2.4 million gain, and a $0.1 million loss, for the thirteen weeks then ended respectively, and are included in selling, general and administrative expense on the Consolidated Statements of Operations and Comprehensive Income.

WORKERS' COMPENSATION INSURANCE AND RESERVES

3 Months Ended

Mar. 31, 2019

Workers' Compensation Insurance and Reserves [Abstract]

WORKERS' COMPENSATION INSURANCE AND RESERVES

WORKERS’ COMPENSATION INSURANCE AND RESERVES

We provide workers’ compensation insurance for our temporary and permanent employees. The majority of our current workers’ compensation insurance policies cover claims for a particular event above a $2.0 million deductible limit, on a “per occurrence” basis. This results in our being substantially self-insured.

Our workers’ compensation reserve for claims below the deductible limit is discounted to its estimated net present value using discount rates based on average returns of “risk-free” U.S. Treasury instruments available during the year in which the liability was incurred. The weighted average discount rate was 2.1% and 2.0% at March 31, 2019 and December 30, 2018, respectively. Payments made against self-insured claims are made over a weighted average period of approximately 4.5 years as of March 31, 2019.

The following table presents a reconciliation of the undiscounted workers’ compensation reserve to the discounted workers’ compensation reserve for the periods presented:



(in thousands)	March 31, 2019		December 30, 2018
Undiscounted workers’ compensation reserve	$	280,385	$	284,625
Less discount on workers’ compensation reserve	18,319		18,179
Workers’ compensation reserve, net of discount	262,066		266,446
Less current portion	74,073		76,421
Long-term portion	$	187,993	$	190,025

Payments made against self-insured claims were $15.3 million and $17.2 million for the thirteen weeks ended March 31, 2019 and April 1, 2018, respectively.

Our workers’ compensation reserve includes estimated expenses related to claims above our self-insured limits (“excess claims”), and we record a corresponding receivable for the insurance coverage on excess claims based on the contractual policy agreements we have with insurance carriers. We discount this reserve and corresponding receivable to its estimated net present value using the discount rates based on average returns of “risk-free” U.S. Treasury instruments available during the year in which the liability was incurred. At March 31, 2019 and December 30, 2018, the weighted average rate was 3.0% and 2.9%, respectively. The claim payments are made and the corresponding reimbursements from our insurance carriers are received over an estimated weighted average period of approximately 16 years. The discounted workers’ compensation reserve for excess claims was $46.6 million and $48.2 million as of March 31, 2019 and December 30, 2018, respectively. The discounted receivables from insurance companies, net of valuation allowance, were $45.7 million and $44.9 million as of March 31, 2019 and December 30, 2018, respectively.

Workers’ compensation expense of $11.9 million and $16.6 million was recorded in cost of services on our Consolidated Statements of Operations and Comprehensive Income for the thirteen weeks ended March 31, 2019 and April 1, 2018, respectively.

COMMITMENTS AND CONTINGENCIES

3 Months Ended

Mar. 31, 2019

Commitments and Contingencies Disclosure [Abstract]

COMMITMENTS AND CONTINGENCIES

Workers’ compensation commitments

We have provided our insurance carriers and certain states with commitments in the form and amounts listed below:



(in thousands)	March 31, 2019		December 30, 2018
Cash collateral held by workers’ compensation insurance carriers	$	22,800	$	22,264
Cash and cash equivalents held in Trust	30,354		28,021
Investments held in Trust	147,649		156,618
Letters of credit (1)	6,677		6,691
Surety bonds (2)	21,881		21,881
Total collateral commitments	$	229,361	$	235,475


(1)	We have agreements with certain financial institutions to issue letters of credit as collateral.

(2)

Our surety bonds are issued by independent insurance companies on our behalf and bear annual fees based on a percentage of the bond, which are determined by each independent surety carrier. These fees do not exceed 2.0% of the bond amount, subject to a minimum charge. The terms of these bonds are subject to review and renewal every one to four years and most bonds can be canceled by the sureties with as little as 60 days’ notice.

Legal contingencies and developments

We are involved in various proceedings arising in the normal course of conducting business. We believe the liabilities included in our financial statements reflect the probable loss that can be reasonably estimated. The resolution of those proceedings is not expected to have a material effect on our results of operations or financial condition.

Operating leases

We have contractual commitments in the form of operating leases related to office space, vehicles and equipment. Our leases have remaining terms of up to 14 years. Most leases include one or more options to renew, which can extend the lease term up to 10 years. The exercise of lease renewal options are at our sole discretion. Typically, at the commencement of a lease, we are not reasonably certain we will exercise renewal options, and accordingly they are not considered in determining the initial lease term. Our lease agreements do not contain any material residual value guarantees or material restrictive covenants. We rent or sublease real estate to third parties in limited circumstances.

Operating lease costs were comprised of the following:



	Thirteen weeks ended
(in thousands)	March 31, 2019
Operating lease costs	$	4,272
Short-term lease costs	1,890
Other lease costs (1)	1,486
Total lease costs	$	7,648


(1)	Other lease costs include immaterial variable lease costs and sublease income.

Other information related to our operating leases was as follows:



	Thirteen weeks ended
	March 31, 2019
Weighted average remaining lease term in years	3.5
Weighted average discount rate	5.1%

Future non-cancelable minimum lease payments under our operating lease commitments as of March 31, 2019, are as follows for each of the next five years and thereafter:



(in thousands)
Remainder of 2019	$	12,680
2020	14,209
2021	10,045
2022	5,298
2023	3,045
2024	853
Thereafter	1,374
Total undiscounted future non-cancelable minimum lease payments (1)	47,504
Less: Imputed interest (2)	6,143
Present value of lease liabilities	$	41,361


(1)	Operating lease payments exclude approximately $2 million of legally binding minimum lease payments for leases signed but not yet commenced.


(2)	Amount necessary to reduce net minimum lease payments to present value calculated using our incremental borrowing rates, which are consistent with the lease terms at adoption date (for those leases in existence as of the adoption date of the new lease standard) or lease inception (for those leases entered into after the adoption date).

Future non-cancelable minimum lease payments under our operating lease commitments as of December 30, 2018 were as follows for each of the next five years and thereafter:



(in thousands)
2019	$	8,337
2020	7,192
2021	4,990
2022	2,442
2023	1,324
Thereafter	699
Total future non-cancelable minimum lease payments	$	24,984

SHAREHOLDERS' EQUITY

3 Months Ended

Mar. 31, 2019

Shareholders' Equity [Abstract]

SHAREHOLDER’S EQUITY

SHAREHOLDERS’ EQUITY

Changes in shareholders’ equity

Changes in the balance of each component of shareholders’ equity during the reporting periods were as follows:



	Thirteen weeks ended
(in thousands)	March 31, 2019			April 1, 2018

Common stock shares
Beginning balance	40,054			41,098
Purchases and retirement of common stock	(234		)	—
Issuances under equity plans, including tax benefits	308			218
Stock-based compensation	24			18
Ending balance	40,152			41,334

Common stock amount
Beginning balance	$	1		$	1
Current period activity	—			—
Ending balance	1			1

Retained earnings
Beginning balance	606,087			561,650
Net income	8,276			8,755
Purchases and retirement of common stock (1)	(5,303		)	—
Issuances under equity plans, including tax benefits	(1,057		)	(1,691		)
Stock-based compensation	3,606			3,409
Change in accounting standard cumulative-effect adjustment (2)	—			1,525
Ending balance	611,609			573,648

Accumulated other comprehensive loss
Beginning balance, net of tax	(14,649		)	(6,804		)
Foreign currency translation adjustment	1,326			(1,384		)
Change in accounting standard cumulative-effect adjustment (2)	—			(1,525		)
Ending balance, net of tax	(13,323		)	(9,713		)

Total shareholders’ equity ending balance	$	598,287		$	563,936

(1)

Under applicable Washington State law, shares purchased are not displayed separately as treasury stock on our Consolidated Balance Sheets and are treated as authorized but unissued shares. It is our accounting policy to first record these purchases as a reduction to our common stock account. Once the common stock account has been reduced to a nominal balance, remaining purchases are recorded as a reduction to our retained earnings. Furthermore, activity in our common stock account related to stock-based compensation is also recorded to retained earnings until such time as the reduction to retained earnings due to stock repurchases has been recovered.

(2)

As a result of our adoption of the accounting standard for equity investments issued by the FASB in January 2016, $1.5 million in unrealized gains, net of tax on available-for-sale equity securities were reclassified from accumulated other comprehensive loss to retained earnings as of the beginning of fiscal 2018. There were no material reclassifications out of accumulated other comprehensive loss during the thirteen weeks ended March 31, 2019.

INCOME TAXES	3 Months Ended
INCOME TAXES	Mar. 31, 2019
Income Tax Disclosure [Abstract]
Income Taxes	INCOME TAXES Our income tax provision or benefit for interim periods is determined using an estimate of our annual effective tax rate, adjusted for discrete items, if any, that are taken into account in the relevant period. Each quarter we update our estimate of the annual effective tax rate, and if our estimated tax rate changes we make a cumulative adjustment. Our quarterly tax provision and quarterly estimate of our annual effective tax rate are subject to variation due to several factors, including variability in accurately predicting our pre-tax and taxable income and loss by jurisdiction, tax credits, government audit developments, changes in laws, regulations and administrative practices, and relative changes in expenses or losses for which tax benefits are not recognized. Additionally, our effective tax rate can be more or less volatile based on the amount of pre-tax income. For example, the impact of discrete items, tax credits, and non-deductible expenses on our effective tax rate is greater when our pre-tax income is lower. Our effective tax rate for the thirteen weeks ended March 31, 2019 was 11.2%. The difference between the statutory federal income tax rate of 21.0% and our effective income tax rate results primarily from the federal Work Opportunity Tax Credit. This tax credit is designed to encourage employers to hire workers from certain targeted groups with higher than average unemployment rates. Other differences between the statutory federal income tax rate of 21.0% and our effective tax rate result from state and foreign income taxes, certain non-deductible expenses, tax exempt interest, and tax effects of share based compensation.

NET INCOME PER SHARE

3 Months Ended

Mar. 31, 2019

Earnings Per Share [Abstract]

NET INCOME PER SHARE

Diluted common shares were calculated as follows:



	Thirteen weeks ended
(in thousands, except per share data)	March 31, 2019		April 1, 2018
Net income	$	8,276	$	8,755

Weighted average number of common shares used in basic net income per common share	39,366		40,443
Dilutive effect of non-vested restricted stock	369		251
Weighted average number of common shares used in diluted net income per common share	39,735		40,694
Net income per common share:
Basic	$	0.21	$	0.22
Diluted	$	0.21	$	0.22

Anti-dilutive shares	336		548

SEGMENT INFORMATION

3 Months Ended

Mar. 31, 2019

Segment Reporting [Abstract]

SEGMENT INFORMATION

Our operating segments are based on the organizational structure for which financial results are regularly reviewed by our chief operating decision-maker, our Chief Executive Officer, to determine resource allocation and assess performance. Our operating segments, also referred to as service lines, and reportable segments are described below:

Our PeopleReady reportable segment provides blue-collar, contingent staffing through the PeopleReady operating segment. PeopleReady provides on-demand and skilled labor in a broad range of industries that include construction, manufacturing and logistics, warehousing and distribution, waste and recycling, hospitality, general labor and others.

Our PeopleManagement reportable segment provides contingent labor and outsourced industrial workforce solutions, primarily on-premise at the client’s facility, through the following operating segments, which we have aggregated into one reportable segment in accordance with U.S. GAAP:


•	Staff Management \| SMX: Exclusive recruitment and on-premise management of a facility’s contingent industrial workforce;


•	SIMOS Insourcing Solutions: On-premise management and recruitment of warehouse/distribution operations; and


•	Centerline Drivers: Recruitment and management of temporary and dedicated drivers to the transportation and distribution industries.

Effective March 12, 2018, we divested the PlaneTechs business within our PeopleManagement reportable segment.

Our PeopleScout reportable segment provides high-volume, permanent employee recruitment process outsourcing, and management of outsourced labor service providers through the following operating segments, which we have aggregated into one reportable segment in accordance with U.S. GAAP:


•	PeopleScout: Outsourced recruitment of permanent employees on behalf of clients; and


•	PeopleScout MSP: Management of multiple third party staffing vendors on behalf of clients.

Effective June 12, 2018, we acquired TMP Holdings LTD (“TMP”) through PeopleScout. Accordingly, the results associated with the acquisition are included in our PeopleScout operating segment. TMP is a mid-sized recruitment process outsourcing (“RPO”) and employer branding service provider operating in the United Kingdom which is the second largest RPO market in the world. This acquisition increases our ability to win multi-continent engagements by adding a physical presence in Europe, referenceable clients and employer branding capabilities.

We evaluate performance based on segment revenue and segment profit. Inter-segment revenue is minimal. Segment profit includes revenue, related cost of services, and ongoing operating expenses directly attributable to the reportable segment. Segment profit excludes goodwill and intangible impairment charges, depreciation and amortization expense, unallocated corporate general and administrative expense, interest, other income and expense, income taxes, and costs not considered to be ongoing costs of the segment.

The following table presents a reconciliation of segment revenue from services to total company revenue:



	Thirteen weeks ended
(in thousands)	March 31, 2019		April 1, 2018
Revenue from services:
PeopleReady	$	326,868	$	316,835
PeopleManagement	158,044		183,892
PeopleScout	67,440		53,661
Total company	$	552,352	$	554,388

The following table presents a reconciliation of Segment profit to income before tax expense:



	Thirteen weeks ended
(in thousands)	March 31, 2019			April 1, 2018
Segment profit:
PeopleReady	$	11,470		$	9,525
PeopleManagement	2,306			5,649
PeopleScout	10,427			11,905
	24,203			27,079
Corporate unallocated	(7,277		)	(7,664		)
Work Opportunity Tax Credit processing fees	(240		)	(195		)
Acquisition/integration costs	(577		)	—
Other benefits (costs)	2,606			(1,715		)
Depreciation and amortization	(9,952		)	(10,090		)
Income from operations	8,763			7,415
Interest and other income (expense), net	553			2,204
Income before tax expense	$	9,316		$	9,619

Asset information by reportable segment is not presented since we do not manage our segments on a balance sheet basis.

Disaggregated revenue

The following tables present our revenue disaggregated by major source and segment:



	Thirteen weeks ended				March 31, 2019
(in thousands)	PeopleReady		PeopleManagement		PeopleScout		Consolidated
Revenue from services:
Contingent staffing	$	326,868	$	158,044	$	—	$	484,912
Human resource outsourcing	—		—		67,440		67,440
Total company	$	326,868	$	158,044	$	67,440	$	552,352



	Thirteen weeks ended				April 1, 2018
(in thousands)	PeopleReady		PeopleManagement		PeopleScout		Consolidated
Revenue from services:
Contingent staffing	$	316,835	$	183,892	$	—	$	500,727
Human resource outsourcing	—		—		53,661		53,661
Total company	$	316,835	$	183,892	$	53,661	$	554,388

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	3 Months Ended
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	Mar. 31, 2019
Accounting Policies [Abstract]
Basis of presentation	Financial statement preparation The accompanying unaudited consolidated financial statements (“financial statements”) of TrueBlue, Inc. (the “company,” “TrueBlue,” “we,” “us,” and “our”) are prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) and rules and regulations of the Securities and Exchange Commission for interim financial information. Accordingly, certain information and footnote disclosures usually found in financial statements prepared in accordance with U.S. GAAP have been condensed or omitted. The financial statements reflect all adjustments which, in the opinion of management, are necessary to fairly state the financial statements for the interim periods presented. We follow the same accounting policies for preparing both quarterly and annual financial statements. These financial statements should be read in conjunction with the audited consolidated financial statements and related notes included in our Annual Report on Form 10-K for the fiscal year ended December 30, 2018. The results of operations for the thirteen weeks ended March 31, 2019, are not necessarily indicative of the results expected for the full fiscal year or for any other fiscal period. Reclassifications Certain immaterial prior year amounts have been reclassified within current liabilities on our Consolidated Balance Sheets and Consolidated Statements of Cash Flows to conform to current year presentation.
Leases	Leases We conduct our branch office operations from leased locations. We also lease office spaces for our centralized support functions, vehicles and equipment. Many leases require variable payments of property taxes, insurance, and common area maintenance, in addition to base rent. The variable portion of these lease payments is not included in our right-of-use assets or lease liabilities. Rather, variable payments, other than those dependent upon an index or rate, are expensed when the obligation for those payments is incurred and are included in lease expense in selling, general and administrative expense on our Consolidated Statements of Operations and Comprehensive Income. The terms of our lease agreements generally range from three to five years, some containing options to renew or cancel. We determine if an arrangement meets the definition of a lease at inception, at which time we also perform an analysis to determine whether the lease qualifies as operating or financing. Operating leases are included in operating lease right-of-use assets and operating lease current and long-term liabilities on our Consolidated Balance Sheets. Lease expense for operating leases is recognized on a straight-line basis over the lease term, and is included in selling, general and administrative expense on our Consolidated Statements of Operations and Comprehensive Income. Financing leases are included in property and equipment, net, other current liabilities, and other long-term liabilities on our Consolidated Balance Sheets. Lease expense for financing leases is recognized as depreciation of the right-of-use asset and interest expense. Lease right-of-use assets and lease liabilities are measured using the present value of future minimum lease payments over the lease term at commencement date. The right-of-use asset also includes any lease payments made on or before the commencement date of the lease, less any lease incentives received. As the rate implicit in the lease is not readily determinable in our leases, we use our incremental borrowing rates based on the information available at the lease commencement date in determining the present value of lease payments. The incremental borrowing rates used are estimated based on what we would be required to pay for a collateralized loan over a similar term. We have lease agreements with lease and non-lease components, which are accounted for as a single lease component. For leases with an initial non-cancelable lease term of less than one year and no option to purchase, we have elected not to recognize the lease on our Consolidated Balance Sheets and instead recognize rent payments on a straight-line basis over the lease term in selling, general and administrative expense on our Consolidated Statements of Operations and Comprehensive Income. In addition, for those leases where the right to cancel the lease is available to both TrueBlue (as the lessee) and the lessor, the lease term is the initial non-cancelable period plus the notice period, which is typically 90 days, and not greater than one year.
New Accounting Pronouncements And Changes In Accounting Principles, Policy	Recently adopted accounting standards Intangibles-goodwill and other-internal-use software In August 2018, the Financial Accounting Standards Board (“FASB”) issued new guidance on accounting for implementation costs incurred in a cloud computing arrangement that is a service contract. The standard aligns the requirements for capitalizing implementation costs incurred in a hosting arrangement that is a service contract with the requirements for capitalizing implementation costs incurred to develop or obtain internal-use software (and hosting arrangements that include an internal-use software license). Previously, we expensed the cost of internal development labor as incurred. The new guidance now requires these costs be capitalized with the related amortization recorded in selling, general and administrative expense. In addition, capitalized development costs are required to be recorded as a prepaid asset rather than a fixed asset, and license fees incurred during the development period are expensed as incurred. The standard is effective for annual and interim periods beginning after December 15, 2019, with early adoption permitted. We elected to early adopt this new standard prospectively as of the first day of our fiscal first quarter in 2019. There was no impact on our consolidated financial statements upon adoption. Leases In February 2016, the FASB issued guidance on lease accounting. The new guidance continues to classify leases as either finance or operating, but results in the lessee recognizing most operating leases on the balance sheet as right-of-use assets and lease liabilities. This guidance was effective for annual and interim periods beginning after December 15, 2018 (Q1 2019 for TrueBlue), with early adoption permitted. In July 2018, the FASB amended the standard to provide transition relief for comparative reporting, allowing companies to adopt the provisions of the new standard using a modified retrospective transition method on the adoption date, with a cumulative-effect adjustment to retained earnings recorded on the date of adoption. We have elected to adopt the standard using the transition relief provided in the July amendment. In preparation for adoption of the standard, we have implemented internal controls and key system functionality to enable the preparation of financial information. We have elected the three practical expedients allowed for implementation of the new standard, but have not utilized the hindsight practical expedient. Accordingly, we did not reassess: 1) whether any expired or existing contracts are or contain leases; 2) the lease classification for any expired or existing leases; 3) initial direct costs for any existing leases. We have also elected the practical expedient to not separate non-lease components from the lease components to which they relate, and instead account for each as a single lease component, for all underlying asset classes. Accordingly, all expenses associated with a lease contract are accounted for as lease expenses. Adoption of the new standard resulted in the recording of operating right-of-use assets and lease liabilities of $39 million and $41 million, respectively, as of the first day of our fiscal first quarter of 2019. The difference between the right-of-use assets and lease liabilities relates to the deferred rent liability balance as of the end of fiscal 2018 associated with the leases capitalized. The deferred rent liability, which was the difference between the straight-line lease expense and cash paid, reduced the right-of-use asset upon adoption. Our accounting for finance leases remained substantially unchanged. The standard did not materially impact our Consolidated Statements of Operations and Comprehensive Income or our Consolidated Statements of Cash Flows. Recently issued accounting pronouncements not yet adopted In June 2016, the FASB issued guidance on accounting for credit losses on financial instruments. This guidance sets forth a current expected credit loss model, which requires measurement of all expected credit losses for financial instruments held at the reporting date based on historical experience, current conditions, and reasonable supportable forecasts. This guidance replaces the incurred loss impairment methodology under current U.S. GAAP with a methodology that reflects expected credit losses and requires consideration of a broader range of reasonable and supportable information to inform credit loss estimates. We will be required to use a forward-looking expected credit loss model for accounts receivables, loans, and other financial instruments. Credit losses relating to available-for-sale debt securities will also be recorded through an allowance for credit losses rather than as a reduction in the amortized cost basis of the securities. This guidance is effective for fiscal years beginning after December 15, 2019 (Q1 2020 for TrueBlue) with early adoption permitted no sooner than Q1 2019. A modified retrospective approach is required for all investments, except debt securities for which an other-than-temporary impairment had been recognized prior to the effective date, which will require a prospective transition approach. We plan to adopt this guidance on the effective date and are currently evaluating the impact of this standard on our consolidated financial statements, including accounting policies, processes, systems, and internal controls. Other accounting standards that have been issued by the FASB or other standards-setting bodies that do not require adoption until a future date are not expected to have a material impact on our financial statements upon adoption.

FAIR VALUE MEASUREMENT (Tables)

3 Months Ended

Mar. 31, 2019

Fair Value Disclosures [Abstract]

Fair Value Measurements, Recurring and Nonrecurring

Our assets measured at fair value on a recurring basis consisted of the following:



	March 31, 2019
(in thousands)	Total fair value		Quoted prices in active markets for identical assets (level 1)		Significant other observable inputs (level 2)		Significant unobservable inputs (level 3)
Cash and cash equivalents	$	26,328	$	26,328	$	—	$	—
Restricted cash and cash equivalents	55,125		55,125		—		—
Cash, cash equivalents and restricted cash (1)	$	81,453	$	81,453	$	—	$	—

Municipal debt securities	$	75,794	$	—	$	75,794	$	—
Corporate debt securities	69,777		—		69,777		—
Agency mortgage-backed securities	2,235		—		2,235		—
U.S. government and agency securities	1,012		—		1,012		—
Restricted investments classified as held-to-maturity	$	148,818	$	—	$	148,818	$	—

Deferred compensation mutual funds classified as available-for-sale	$	26,969	$	26,969	$	—	$	—



	December 30, 2018
(in thousands)	Total fair value		Quoted prices in active markets for identical assets (level 1)		Significant other observable inputs (level 2)		Significant unobservable inputs (level 3)
Cash and cash equivalents	$	46,988	$	46,988	$	—	$	—
Restricted cash and cash equivalents	55,462		55,462		—		—
Cash, cash equivalents and restricted cash (1)	$	102,450	$	102,450	$	—	$	—

Municipal debt securities	$	76,690	$	—	$	76,690	$	—
Corporate debt securities	75,432		—		75,432		—
Agency mortgage-backed securities	2,531		—		2,531		—
U.S. government and agency securities	988		—		988		—
Restricted investments classified as held-to-maturity	$	155,641	$	—	$	155,641	$	—

Deferred compensation mutual funds classified as available-for-sale	$	23,363	$	23,363	$	—	$	—


(1)	Cash, cash equivalents and restricted cash consist of money market funds, deposits and investments with original maturities of three months or less.

- Definition

Tabular disclosure of financial instruments measured at fair value, including those classified in shareholders' equity measured on a recurring or nonrecurring basis. Disclosures include, but are not limited to, fair value measurements recorded and the reasons for the measurements, level within the fair value hierarchy in which the fair value measurements are categorized and transfers between levels 1 and 2. Nonrecurring fair value measurements are those that are required or permitted in the statement of financial position in particular circumstances.

+ References + Details

RESTRICTED CASH AND INVESTMENTS (Tables)

3 Months Ended

Mar. 31, 2019

Restricted Cash and Investments [Abstract]

Schedule of restricted cash and investments

The following is a summary of the carrying value of our restricted cash and investments:



(in thousands)	March 31, 2019		December 30, 2018
Cash collateral held by insurance carriers	$	24,366	$	24,182
Cash and cash equivalents held in Trust	30,354		28,021
Investments held in Trust	147,649		156,618
Deferred compensation mutual funds	26,969		23,363
Other restricted cash and cash equivalents	405		3,259
Total restricted cash and investments	$	229,743	$	235,443

Schedule of held-to-maturity investments

The amortized cost and estimated fair value of our held-to-maturity investments held in Trust, aggregated by investment category as of March 31, 2019 and December 30, 2018, were as follows:



	March 31, 2019
(in thousands)	Amortized cost		Gross unrealized gains		Gross unrealized losses			Fair value
Municipal debt securities	$	74,657	$	1,261	$	(124	)	$	75,794
Corporate debt securities	69,756		305		(284		)	69,777
Agency mortgage-backed securities	2,237		14		(16		)	2,235
U.S. government and agency securities	999		13		—			1,012
Total held-to-maturity investments	$	147,649	$	1,593	$	(424	)	$	148,818



	December 30, 2018
(in thousands)	Amortized cost		Gross unrealized gains		Gross unrealized losses			Fair value
Municipal debt securities	$	76,750	$	456	$	(516	)	$	76,690
Corporate debt securities	76,310		30		(908		)	75,432
Agency mortgage-backed securities	2,559		5		(33		)	2,531
U.S. government and agency securities	999		—		(11		)	988
Total held-to-maturity investments	$	156,618	$	491	$	(1,468	)	$	155,641

Schedule of continuous unrealized loss position

The estimated fair value and gross unrealized losses of all investments classified as held-to-maturity, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position as of March 31, 2019 and December 30, 2018, were as follows:



	March 31, 2019
	Less than 12 months					12 months or more					Total
(in thousands)	Estimated fair value		Unrealized losses			Estimated fair value		Unrealized losses			Estimated fair value		Unrealized losses
Municipal debt securities	$	—	$	—		$	14,255	$	(124	)	$	14,255	$	(124	)
Corporate debt securities	2,015		(2		)	40,689		(282		)	42,704		(284		)
Agency mortgage-backed securities	—		—			1,237		(16		)	1,237		(16		)
Total held-to-maturity investments	$	2,015	$	(2	)	$	56,181	$	(422	)	$	58,196	$	(424	)



	December 30, 2018
	Less than 12 months					12 months or more					Total
(in thousands)	Estimated fair value		Unrealized losses			Estimated fair value		Unrealized losses			Estimated fair value		Unrealized losses
Municipal debt securities	$	12,803	$	(74	)	$	22,638	$	(442	)	$	35,441	$	(516	)
Corporate debt securities	22,567		(277		)	44,463		(631		)	67,030		(908		)
Agency mortgage-backed securities	385		—			1,375		(33		)	1,760		(33		)
U.S. government and agency securities	988		(11		)	—		—			988		(11		)
Total held-to-maturity investments	$	36,743	$	(362	)	$	68,476	$	(1,106	)	$	105,219	$	(1,468	)

Schedule of held-to-maturity investments by contractual maturity

The amortized cost and fair value by contractual maturity of our held-to-maturity investments are as follows:



	March 31, 2019
(in thousands)	Amortized cost		Fair value
Due in one year or less	$	18,964	$	18,912
Due after one year through five years	86,051		86,524
Due after five years through ten years	42,634		43,382
Total held-to-maturity investments	$	147,649	$	148,818

WORKERS' COMPENSATION INSURANCE AND RESERVES (Tables)

3 Months Ended

Mar. 31, 2019

Workers' Compensation Insurance and Reserves [Abstract]

Reconciliation of workers' compensation claims reserve

The following table presents a reconciliation of the undiscounted workers’ compensation reserve to the discounted workers’ compensation reserve for the periods presented:



(in thousands)	March 31, 2019		December 30, 2018
Undiscounted workers’ compensation reserve	$	280,385	$	284,625
Less discount on workers’ compensation reserve	18,319		18,179
Workers’ compensation reserve, net of discount	262,066		266,446
Less current portion	74,073		76,421
Long-term portion	$	187,993	$	190,025

COMMITMENTS AND CONTINGENCIES (Tables)

3 Months Ended

Mar. 31, 2019

Commitments and Contingencies Disclosure [Abstract]

Schedule of workers’ compensation collateral commitments

We have provided our insurance carriers and certain states with commitments in the form and amounts listed below:



(in thousands)	March 31, 2019		December 30, 2018
Cash collateral held by workers’ compensation insurance carriers	$	22,800	$	22,264
Cash and cash equivalents held in Trust	30,354		28,021
Investments held in Trust	147,649		156,618
Letters of credit (1)	6,677		6,691
Surety bonds (2)	21,881		21,881
Total collateral commitments	$	229,361	$	235,475


(1)	We have agreements with certain financial institutions to issue letters of credit as collateral.

(2)

Our surety bonds are issued by independent insurance companies on our behalf and bear annual fees based on a percentage of the bond, which are determined by each independent surety carrier. These fees do not exceed 2.0% of the bond amount, subject to a minimum charge. The terms of these bonds are subject to review and renewal every one to four years and most bonds can be canceled by the sureties with as little as 60 days’ notice.

Components of operating lease costs

Operating lease costs were comprised of the following:



	Thirteen weeks ended
(in thousands)	March 31, 2019
Operating lease costs	$	4,272
Short-term lease costs	1,890
Other lease costs (1)	1,486
Total lease costs	$	7,648


(1)	Other lease costs include immaterial variable lease costs and sublease income.

Other operating lease information

Other information related to our operating leases was as follows:



	Thirteen weeks ended
	March 31, 2019
Weighted average remaining lease term in years	3.5
Weighted average discount rate	5.1%

Maturities of Operating Lease Liabilities

Future non-cancelable minimum lease payments under our operating lease commitments as of March 31, 2019, are as follows for each of the next five years and thereafter:



(in thousands)
Remainder of 2019	$	12,680
2020	14,209
2021	10,045
2022	5,298
2023	3,045
2024	853
Thereafter	1,374
Total undiscounted future non-cancelable minimum lease payments (1)	47,504
Less: Imputed interest (2)	6,143
Present value of lease liabilities	$	41,361


(1)	Operating lease payments exclude approximately $2 million of legally binding minimum lease payments for leases signed but not yet commenced.


(2)	Amount necessary to reduce net minimum lease payments to present value calculated using our incremental borrowing rates, which are consistent with the lease terms at adoption date (for those leases in existence as of the adoption date of the new lease standard) or lease inception (for those leases entered into after the adoption date).

Future non-cancelable minimum lease payments under our operating lease commitments as of December 30, 2018 were as follows for each of the next five years and thereafter:



(in thousands)
2019	$	8,337
2020	7,192
2021	4,990
2022	2,442
2023	1,324
Thereafter	699
Total future non-cancelable minimum lease payments	$	24,984

SHAREHOLDERS' EQUITY (Tables)

3 Months Ended

Mar. 31, 2019

Shareholders' Equity [Abstract]

Schedule of Stockholders Equity

Changes in the balance of each component of shareholders’ equity during the reporting periods were as follows:



	Thirteen weeks ended
(in thousands)	March 31, 2019			April 1, 2018

Common stock shares
Beginning balance	40,054			41,098
Purchases and retirement of common stock	(234		)	—
Issuances under equity plans, including tax benefits	308			218
Stock-based compensation	24			18
Ending balance	40,152			41,334

Common stock amount
Beginning balance	$	1		$	1
Current period activity	—			—
Ending balance	1			1

Retained earnings
Beginning balance	606,087			561,650
Net income	8,276			8,755
Purchases and retirement of common stock (1)	(5,303		)	—
Issuances under equity plans, including tax benefits	(1,057		)	(1,691		)
Stock-based compensation	3,606			3,409
Change in accounting standard cumulative-effect adjustment (2)	—			1,525
Ending balance	611,609			573,648

Accumulated other comprehensive loss
Beginning balance, net of tax	(14,649		)	(6,804		)
Foreign currency translation adjustment	1,326			(1,384		)
Change in accounting standard cumulative-effect adjustment (2)	—			(1,525		)
Ending balance, net of tax	(13,323		)	(9,713		)

Total shareholders’ equity ending balance	$	598,287		$	563,936

(1)

Under applicable Washington State law, shares purchased are not displayed separately as treasury stock on our Consolidated Balance Sheets and are treated as authorized but unissued shares. It is our accounting policy to first record these purchases as a reduction to our common stock account. Once the common stock account has been reduced to a nominal balance, remaining purchases are recorded as a reduction to our retained earnings. Furthermore, activity in our common stock account related to stock-based compensation is also recorded to retained earnings until such time as the reduction to retained earnings due to stock repurchases has been recovered.

(2)

As a result of our adoption of the accounting standard for equity investments issued by the FASB in January 2016, $1.5 million in unrealized gains, net of tax on available-for-sale equity securities were reclassified from accumulated other comprehensive loss to retained earnings as of the beginning of fiscal 2018. There were no material reclassifications out of accumulated other comprehensive loss during the thirteen weeks ended March 31, 2019.

NET INCOME (LOSS) PER SHARE (Tables)

3 Months Ended

Mar. 31, 2019

Earnings Per Share [Abstract]

Schedule of adjusted net income and diluted common shares

Diluted common shares were calculated as follows:



	Thirteen weeks ended
(in thousands, except per share data)	March 31, 2019		April 1, 2018
Net income	$	8,276	$	8,755

Weighted average number of common shares used in basic net income per common share	39,366		40,443
Dilutive effect of non-vested restricted stock	369		251
Weighted average number of common shares used in diluted net income per common share	39,735		40,694
Net income per common share:
Basic	$	0.21	$	0.22
Diluted	$	0.21	$	0.22

Anti-dilutive shares	336		548

SEGMENT INFORMATION (Tables)

3 Months Ended

Mar. 31, 2019

Segment Reporting [Abstract]

Schedule of Segment Information

The following table presents a reconciliation of segment revenue from services to total company revenue:



	Thirteen weeks ended
(in thousands)	March 31, 2019		April 1, 2018
Revenue from services:
PeopleReady	$	326,868	$	316,835
PeopleManagement	158,044		183,892
PeopleScout	67,440		53,661
Total company	$	552,352	$	554,388

The following table presents a reconciliation of Segment profit to income before tax expense:



	Thirteen weeks ended
(in thousands)	March 31, 2019			April 1, 2018
Segment profit:
PeopleReady	$	11,470		$	9,525
PeopleManagement	2,306			5,649
PeopleScout	10,427			11,905
	24,203			27,079
Corporate unallocated	(7,277		)	(7,664		)
Work Opportunity Tax Credit processing fees	(240		)	(195		)
Acquisition/integration costs	(577		)	—
Other benefits (costs)	2,606			(1,715		)
Depreciation and amortization	(9,952		)	(10,090		)
Income from operations	8,763			7,415
Interest and other income (expense), net	553			2,204
Income before tax expense	$	9,316		$	9,619

Schedule of Revenue by Major Customers by Reporting Segments

The following tables present our revenue disaggregated by major source and segment:



	Thirteen weeks ended				March 31, 2019
(in thousands)	PeopleReady		PeopleManagement		PeopleScout		Consolidated
Revenue from services:
Contingent staffing	$	326,868	$	158,044	$	—	$	484,912
Human resource outsourcing	—		—		67,440		67,440
Total company	$	326,868	$	158,044	$	67,440	$	552,352



	Thirteen weeks ended				April 1, 2018
(in thousands)	PeopleReady		PeopleManagement		PeopleScout		Consolidated
Revenue from services:
Contingent staffing	$	316,835	$	183,892	$	—	$	500,727
Human resource outsourcing	—		—		53,661		53,661
Total company	$	316,835	$	183,892	$	53,661	$	554,388

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Recently adopted accounting standards (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018	Dec. 30, 2018
Recently adopted accounting standards [Abstract]
Operating lease right-of-use assets	$ 38,717	$ 39,000	$ 0
Present value of lease liabilities	$ 41,361	$ 41,000

FAIR VALUE MEASUREMENT (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 30, 2018	Apr. 01, 2018	Dec. 31, 2017
Fair Value Measurement [Line Items]
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents	$ 81,453	$ 102,450	$ 79,054	$ 73,831
Restricted investments classified as held-to-maturity	148,818	155,641
Deferred compensation mutual funds	26,969	23,363
Municipal debt securities
Fair Value Measurement [Line Items]
Restricted investments classified as held-to-maturity	75,794	76,690
Corporate debt securities
Fair Value Measurement [Line Items]
Restricted investments classified as held-to-maturity	69,777	75,432
Agency mortgage-backed securities
Fair Value Measurement [Line Items]
Restricted investments classified as held-to-maturity	2,235	2,531
U.S. government and agency securities
Fair Value Measurement [Line Items]
Restricted investments classified as held-to-maturity	1,012	988
Total Fair Value
Fair Value Measurement [Line Items]
Cash and cash equivalents	26,328	46,988
Total Fair Value \| Restricted Assets
Fair Value Measurement [Line Items]
Restricted cash and cash equivalents	55,125	55,462
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents	81,453	102,450
Restricted investments classified as held-to-maturity	148,818	155,641
Deferred compensation mutual funds	26,969	23,363
Total Fair Value \| Restricted Assets \| Municipal debt securities
Fair Value Measurement [Line Items]
Restricted investments classified as held-to-maturity	75,794	76,690
Total Fair Value \| Restricted Assets \| Corporate debt securities
Fair Value Measurement [Line Items]
Restricted investments classified as held-to-maturity	69,777	75,432
Total Fair Value \| Restricted Assets \| Agency mortgage-backed securities
Fair Value Measurement [Line Items]
Restricted investments classified as held-to-maturity	2,235	2,531
Total Fair Value \| Restricted Assets \| U.S. government and agency securities
Fair Value Measurement [Line Items]
Restricted investments classified as held-to-maturity	1,012	988
Quoted Prices in Active Markets for Identical Assets (Level 1)
Fair Value Measurement [Line Items]
Cash and cash equivalents	26,328	46,988
Quoted Prices in Active Markets for Identical Assets (Level 1) \| Restricted Assets
Fair Value Measurement [Line Items]
Restricted cash and cash equivalents	55,125	55,462
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents	81,453	102,450
Restricted investments classified as held-to-maturity	0	0
Deferred compensation mutual funds	26,969	23,363
Quoted Prices in Active Markets for Identical Assets (Level 1) \| Restricted Assets \| Municipal debt securities
Fair Value Measurement [Line Items]
Restricted investments classified as held-to-maturity	0	0
Quoted Prices in Active Markets for Identical Assets (Level 1) \| Restricted Assets \| Corporate debt securities
Fair Value Measurement [Line Items]
Restricted investments classified as held-to-maturity	0	0
Quoted Prices in Active Markets for Identical Assets (Level 1) \| Restricted Assets \| Agency mortgage-backed securities
Fair Value Measurement [Line Items]
Restricted investments classified as held-to-maturity	0	0
Quoted Prices in Active Markets for Identical Assets (Level 1) \| Restricted Assets \| U.S. government and agency securities
Fair Value Measurement [Line Items]
Restricted investments classified as held-to-maturity	0	0
Significant Other Observable Inputs (Level 2)
Fair Value Measurement [Line Items]
Cash and cash equivalents	0	0
Significant Other Observable Inputs (Level 2) \| Restricted Assets
Fair Value Measurement [Line Items]
Restricted cash and cash equivalents	0	0
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents	0	0
Restricted investments classified as held-to-maturity	148,818	155,641
Deferred compensation mutual funds	0	0
Significant Other Observable Inputs (Level 2) \| Restricted Assets \| Municipal debt securities
Fair Value Measurement [Line Items]
Restricted investments classified as held-to-maturity	75,794	76,690
Significant Other Observable Inputs (Level 2) \| Restricted Assets \| Corporate debt securities
Fair Value Measurement [Line Items]
Restricted investments classified as held-to-maturity	69,777	75,432
Significant Other Observable Inputs (Level 2) \| Restricted Assets \| Agency mortgage-backed securities
Fair Value Measurement [Line Items]
Restricted investments classified as held-to-maturity	2,235	2,531
Significant Other Observable Inputs (Level 2) \| Restricted Assets \| U.S. government and agency securities
Fair Value Measurement [Line Items]
Restricted investments classified as held-to-maturity	1,012	988
Significant Unobservable Inputs (Level 3)
Fair Value Measurement [Line Items]
Cash and cash equivalents	0	0
Significant Unobservable Inputs (Level 3) \| Restricted Assets
Fair Value Measurement [Line Items]
Restricted cash and cash equivalents	0	0
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents	0	0
Restricted investments classified as held-to-maturity	0	0
Deferred compensation mutual funds	0	0
Significant Unobservable Inputs (Level 3) \| Restricted Assets \| Municipal debt securities
Fair Value Measurement [Line Items]
Restricted investments classified as held-to-maturity	0	0
Significant Unobservable Inputs (Level 3) \| Restricted Assets \| Corporate debt securities
Fair Value Measurement [Line Items]
Restricted investments classified as held-to-maturity	0	0
Significant Unobservable Inputs (Level 3) \| Restricted Assets \| Agency mortgage-backed securities
Fair Value Measurement [Line Items]
Restricted investments classified as held-to-maturity	0	0
Significant Unobservable Inputs (Level 3) \| Restricted Assets \| U.S. government and agency securities
Fair Value Measurement [Line Items]
Restricted investments classified as held-to-maturity	$ 0	$ 0

RESTRICTED CASH AND INVESTMENTS (Details) $ in Thousands	3 Months Ended
RESTRICTED CASH AND INVESTMENTS (Details) $ in Thousands	Mar. 31, 2019 USD ($) security	Apr. 01, 2018 USD ($)	Dec. 30, 2018 USD ($) security
Restricted Cash and Investments [Line Items]
Cash collateral held by insurance carriers	$ 24,366		$ 24,182
Cash and cash equivalents held in Trust	30,354		28,021
Investments held in Trust	147,649		156,618
Deferred compensation mutual funds	26,969		23,363
Other restricted cash and cash equivalents	405		3,259
Restricted cash and investments	229,743		235,443
Held-to-maturity Securities, Reconciliation to Fair Value [Abstract]
Gross Unrealized Gain	1,593		491
Gross Unrealized Loss	(424)		(1,468)
Fair Value	148,818		155,641
Estimated fair value
Less than 12 months	2,015		36,743
12 months or more	56,181		68,476
Total	58,196		105,219
Unrealized losses
Less than 12 months	(2)		(362)
12 months or more	(422)		(1,106)
Total	$ (424)		$ (1,468)
Securities in unrealized loss positions, number of positions \| security	54		93
Held-to-maturity Securities, Investment Maturities, Fair Value [Abstract]
Fair Value	$ 148,818		$ 155,641
Unrealized gain	2,400
Unrealized loss		$ (100)
Municipal debt securities
Restricted Cash and Investments [Line Items]
Investments held in Trust	74,657		76,750
Held-to-maturity Securities, Reconciliation to Fair Value [Abstract]
Gross Unrealized Gain	1,261		456
Gross Unrealized Loss	(124)		(516)
Fair Value	75,794		76,690
Estimated fair value
Less than 12 months	0		12,803
12 months or more	14,255		22,638
Total	14,255		35,441
Unrealized losses
Less than 12 months	0		(74)
12 months or more	(124)		(442)
Total	(124)		(516)
Held-to-maturity Securities, Investment Maturities, Fair Value [Abstract]
Fair Value	75,794		76,690
Corporate debt securities
Restricted Cash and Investments [Line Items]
Investments held in Trust	69,756		76,310
Held-to-maturity Securities, Reconciliation to Fair Value [Abstract]
Gross Unrealized Gain	305		30
Gross Unrealized Loss	(284)		(908)
Fair Value	69,777		75,432
Estimated fair value
Less than 12 months	2,015		22,567
12 months or more	40,689		44,463
Total	42,704		67,030
Unrealized losses
Less than 12 months	(2)		(277)
12 months or more	(282)		(631)
Total	(284)		(908)
Held-to-maturity Securities, Investment Maturities, Fair Value [Abstract]
Fair Value	69,777		75,432
Agency mortgage-backed securities
Restricted Cash and Investments [Line Items]
Investments held in Trust	2,237		2,559
Held-to-maturity Securities, Reconciliation to Fair Value [Abstract]
Gross Unrealized Gain	14		5
Gross Unrealized Loss	(16)		(33)
Fair Value	2,235		2,531
Estimated fair value
Less than 12 months	0		385
12 months or more	1,237		1,375
Total	1,237		1,760
Unrealized losses
Less than 12 months	0		0
12 months or more	(16)		(33)
Total	(16)		(33)
Held-to-maturity Securities, Investment Maturities, Fair Value [Abstract]
Fair Value	2,235		2,531
U.S. government and agency securities
Restricted Cash and Investments [Line Items]
Investments held in Trust	999		999
Held-to-maturity Securities, Reconciliation to Fair Value [Abstract]
Gross Unrealized Gain	13		0
Gross Unrealized Loss	0		(11)
Fair Value	1,012		988
Estimated fair value
Less than 12 months			988
12 months or more			0
Total			988
Unrealized losses
Less than 12 months			(11)
12 months or more			0
Total			(11)
Held-to-maturity Securities, Investment Maturities, Fair Value [Abstract]
Fair Value	1,012		$ 988
Restricted Cash and Investments
Restricted Cash and Investments [Line Items]
Investments held in Trust	147,649
Held-to-maturity Securities, Reconciliation to Fair Value [Abstract]
Fair Value	148,818
Held-to-maturity Securities, Investment Maturities, Amortized Cost [Abstract]
Due in one year or less	18,964
Due after one year through five years	86,051
Due after five years through ten years	42,634
Held-to-maturity Securities, Investment Maturities, Fair Value [Abstract]
Due in one year or less	18,912
Due after one year through five years	86,524
Due after five years through ten years	43,382
Fair Value	$ 148,818

WORKERS' COMPENSATION INSURANCE AND RESERVES - Reconciliation of Workers' Compensation Claims Reserve (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 30, 2018
Workers' Compensation Insurance and Reserves [Abstract]
Undiscounted workers’ compensation reserve	$ 280,385	$ 284,625
Less discount on workers’ compensation reserve	18,319	18,179
Workers' compensation reserve, net of discount	262,066	266,446
Less current portion	74,073	76,421
Long-term portion	$ 187,993	$ 190,025

WORKERS' COMPENSATION INSURANCE AND RESERVES - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2019	Apr. 01, 2018	Dec. 30, 2018
Workers' Compensation Deductible Limit [Line Items]
Workers' compensation claim deductible limit	$ 2,000
Weighted average period - claim payments below deductible limit	4 years 6 months
Payments made against self-insured claims	$ 15,300	$ 17,200
Weighted average period - claim payments and receivables above deductible limit	16 years
Excess claims	$ 46,600		$ 48,200
Workers’ compensation claims receivable, net	45,694		$ 44,915
Workers Compensation Expense	$ 11,900	$ 16,600
Below limit
Workers' Compensation Deductible Limit [Line Items]
Weighted average rate	2.10%		2.00%
Above Limit
Workers' Compensation Deductible Limit [Line Items]
Weighted average rate	3.00%		2.90%

COMMITMENTS AND CONTINGENCIES - Workers' Compensation Commitments (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Dec. 30, 2018
Workers' Compensation Commitments [Line Items]
Cash collateral held by workers’ compensation insurance carriers	$ 22,800	$ 22,264
Cash and cash equivalents held in Trust	30,354	28,021
Investments held in Trust	147,649	156,618
Letters of credit	6,677	6,691
Surety bonds	21,881	21,881
Total collateral commitments	$ 229,361	$ 235,475
Surety bonds annual fee limit, % of bond amount	2.00%
Surety bonds required cancellation notice	60 days
Minimum
Workers' Compensation Commitments [Line Items]
Surety bonds review and renewal period if elected	1 year
Maximum
Workers' Compensation Commitments [Line Items]
Surety bonds review and renewal period if elected	4 years

- Components of Lease Expense (Details) $ in Thousands	3 Months Ended
- Components of Lease Expense (Details) $ in Thousands	Mar. 31, 2019 USD ($)
Leases [Abstract]
Operating lease costs	$ 4,272
Short-term lease costs	1,890
Other lease costs	1,486
Total lease costs	$ 7,648

COMMITMENTS AND CONTINGENCIES - Lease Information, Other (Details)	Mar. 31, 2019
Commitments and Contingencies Disclosure [Abstract]
Operating Lease, Weighted Average Remaining Lease Term	3 years 6 months
Operating Lease, Weighted Average Discount Rate, Percent	5.10%

- Maturities of Operating and Financing Lease Liabilities (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018	Dec. 30, 2018
Operating leases
Remainder of 2019	$ 12,680
2019			$ 8,337
2020	14,209		7,192
2021	10,045		4,990
2022	5,298		2,442
2023	3,045		1,324
2024	853
Thereafter	1,374		699
Total undiscounted future non-cancelable minimum lease payments	47,504		$ 24,984
Less: Imputed interest	(6,143)
Present value of lease liabilities	41,361	$ 41,000
Pending lease	$ 2,000

COMMITMENTS AND CONTINGENCIES - Additional Information (Details)	Mar. 31, 2019
Commitments and Contingencies Disclosure [Abstract]
Lessee, Operating Lease, Term of Contract	14 years
Renewal term	10 years

SHAREHOLDERS' EQUITY Changes in Shareholders’ Equity (Details) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2019	Apr. 01, 2018	Dec. 30, 2018
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance (in shares)	40,054
Beginning balance	$ 591,439
Net income	$ 8,276	$ 8,755
Ending balance (in shares)	40,152		40,054
Ending balance, net of tax	$ 598,287	$ 563,936	$ 591,439
Common Stock
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance (in shares)	40,054	41,098	41,098
Beginning balance	$ 1	$ 1	$ 1
Purchases and retirement of common stock (in shares)	(234)	0
Issuances under equity plans, including tax benefits (in shares)	308	218
Stock-based compensation (in shares)	24	18
Ending balance (in shares)	40,152	41,334	40,054
Ending balance, net of tax	$ 1	$ 1	$ 1
Retained earnings
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance	606,087	561,650	561,650
Net income	8,276	8,755
Purchases and retirement of common stock (1)	(5,303)	0
Issuances under equity plans, including tax benefits	(1,057)	(1,691)
Stock-based compensation	3,606	3,409
Change in accounting standard cumulative-effect adjustment	0	1,525
Ending balance, net of tax	611,609	573,648	606,087
Accumulated other comprehensive loss
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance	(14,649)	(6,804)	(6,804)
Foreign currency translation adjustment	1,326	(1,384)
Change in accounting standard cumulative-effect adjustment	0		(1,525)
Ending balance, net of tax	$ (13,323)	$ (9,713)	(14,649)
Accumulated Net Investment Gain (Loss) Attributable to Parent
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Change in accounting standard cumulative-effect adjustment			$ 1,525

INCOME TAXES - Narrative (Details)	3 Months Ended
INCOME TAXES - Narrative (Details)	Mar. 31, 2019
Income Tax Disclosure [Abstract]
Effective income tax rate reconciliation, percent	11.20%
Income tax expense (benefit) based on statutory rate	21.00%

NET INCOME (LOSS) PER SHARE (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2019	Apr. 01, 2018
Earnings Per Share [Abstract]
Net income	$ 8,276	$ 8,755
Weighted average number of common shares used in basic net income per common share	39,366	40,443
Dilutive effect of non-vested restricted stock	369	251
Weighted average number of common shares used in diluted net income per common share	39,735	40,694
Net income per common share:
Basic (in dollars per share)	$ 0.21	$ 0.22
Diluted (in dollars per share)	$ 0.21	$ 0.22
Anti-dilutive shares	336	548

- Definition

The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period.

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+ Details

- Definition

The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period.

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Reference 5: http://www.xbrl.org/2003/role/disclosureRef
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Reference 6: http://www.xbrl.org/2003/role/disclosureRef
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Reference 7: http://www.xbrl.org/2003/role/disclosureRef
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-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
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Reference 8: http://www.xbrl.org/2003/role/disclosureRef
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-Topic 260
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-Section 45
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-Subparagraph (d)
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Reference 9: http://www.xbrl.org/2003/role/disclosureRef
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-Name Accounting Standards Codification
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-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(19))
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+ Details

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References + Details

SEGMENT INFORMATION (Details) - USD ($) $ in Thousands	3 Months Ended
SEGMENT INFORMATION (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Apr. 01, 2018
Segment Reporting Information [Line Items]
Revenue	$ 552,352	$ 554,388
Segment profit	24,203	27,079
Work Opportunity Tax Credit processing fees	(240)	(195)
Acquisition/integration costs	(577)	0
Other benefits (costs)	(2,606)	1,715
Depreciation and amortization	(9,952)	(10,090)
Income from operations	8,763	7,415
Interest and other income (expense), net	553	2,204
Income before tax expense	9,316	9,619
PeopleReady
Segment Reporting Information [Line Items]
Revenue	326,868	316,835
Segment profit	11,470	9,525
PeopleManagement
Segment Reporting Information [Line Items]
Revenue	158,044	183,892
Segment profit	2,306	5,649
PeopleScout
Segment Reporting Information [Line Items]
Revenue	67,440	53,661
Segment profit	10,427	11,905
Corporate Segment
Segment Reporting Information [Line Items]
Corporate unallocated	(7,277)	(7,664)
Contingent staffing
Segment Reporting Information [Line Items]
Revenue	484,912	500,727
Contingent staffing \| PeopleReady
Segment Reporting Information [Line Items]
Revenue	326,868	316,835
Contingent staffing \| PeopleManagement
Segment Reporting Information [Line Items]
Revenue	158,044	183,892
Contingent staffing \| PeopleScout
Segment Reporting Information [Line Items]
Revenue	0	0
Human resource outsourcing
Segment Reporting Information [Line Items]
Revenue	67,440	53,661
Human resource outsourcing \| PeopleReady
Segment Reporting Information [Line Items]
Revenue	0	0
Human resource outsourcing \| PeopleManagement
Segment Reporting Information [Line Items]
Revenue	0	0
Human resource outsourcing \| PeopleScout
Segment Reporting Information [Line Items]
Revenue	$ 67,440	$ 53,661

SEGMENT INFORMATION Revenue by Major Source (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Apr. 01, 2018
Disaggregation of Revenue [Line Items]
Revenue	$ 552,352	$ 554,388
Contingent staffing
Disaggregation of Revenue [Line Items]
Revenue	484,912	500,727
Human resource outsourcing
Disaggregation of Revenue [Line Items]
Revenue	67,440	53,661
PeopleReady
Disaggregation of Revenue [Line Items]
Revenue	326,868	316,835
PeopleReady \| Contingent staffing
Disaggregation of Revenue [Line Items]
Revenue	326,868	316,835
PeopleReady \| Human resource outsourcing
Disaggregation of Revenue [Line Items]
Revenue	0	0
PeopleManagement
Disaggregation of Revenue [Line Items]
Revenue	158,044	183,892
PeopleManagement \| Contingent staffing
Disaggregation of Revenue [Line Items]
Revenue	158,044	183,892
PeopleManagement \| Human resource outsourcing
Disaggregation of Revenue [Line Items]
Revenue	0	0
PeopleScout
Disaggregation of Revenue [Line Items]
Revenue	67,440	53,661
PeopleScout \| Contingent staffing
Disaggregation of Revenue [Line Items]
Revenue	0	0
PeopleScout \| Human resource outsourcing
Disaggregation of Revenue [Line Items]
Revenue	$ 67,440	$ 53,661