Company: NSP
Filing Date: 2025-04-29
Form Type: 10-Q
Source: 0001000753-25-000023
Chunk: 9

Company: INSPERITY, INC.
Filing Date: 2025-04-29
Form: 10-Q
Item: Item 8
Chunk 9
---
 to our WSEEs, such as the employer portion of payroll-related taxes, employee benefit plan costs and workers’ compensation insurance costs.

Segment ReportingASC 280, Segment Reporting establishes standards for reporting information about operating segments on a basis consistent with our internal organizational structure as well as information about geographical areas and business segments. Based on management’s assessment, we determined that we have only one operating segment and therefore one reportable segment, HR Solutions, as defined by ASC 280. The accounting policies of the HR Solutions segment are the same as those described in the summary of significant accounting policies. The measure of segment assets is reported on our Condensed Consolidated Balance Sheets as total assets, and the chief operating decision maker (“CODM”) assesses performance and decides how to allocate resources based on net income as reported on our Consolidated Statements of Income.The CODM reviews revenues and expenses at the consolidated level as disclosed in our Consolidated Statements of Income and uses net income to evaluate income generated from segment assets (return on assets) in deciding whether to reinvest profits into our HR Solutions segment or into other areas of the entity, such as for acquisitions or to pay dividends. 

Insperity | 2025 First Quarter Form 10-Q13

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

Net income is also used to monitor budget versus actual results and in competitive analysis by benchmarking to our competitors. The competitive analysis and the monitoring of budgeted versus actual results are used in assessing the segment’s performance and in establishing management’s compensation.

3.Other Balance Sheet InformationCash, Cash Equivalents and Marketable SecuritiesThe following table summarizes our cash and investments in cash equivalents and marketable securities held by investment managers and overnight investments:March 31, 2025December 31, 2024(in millions)Cash & Cash EquivalentsMarketable SecuritiesTotalCash & Cash EquivalentsMarketable SecuritiesTotalOvernight holdings$452 $— $452 $931 $— $931 Investment holdings116 17 133 117 16 133 568 17 585 1,048 16 1,064 Cash in demand accounts15 — 15 27 — 27 Outstanding checks(32)— (32)(36)— (36)Total$551 $17 $568 $1,039 $16 $1,055 

Our cash and overnight holdings fluctuate based on the timing of clients’ payroll processing cycles. Our cash