Company: NSP
Filing Date: 2025-08-01
Form Type: 10-Q
Source: 0001000753-25-000069
Chunk: 12

Company: INSPERITY, INC.
Filing Date: 2025-08-01
Form: 10-Q
Item: Item 8
Chunk 12
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 clients’ employees and various tax authorities.

Please read Note 2. “Accounting Policies,” for a discussion of our accounting policies for deposits – workers’ compensation and restricted cash.  

4.Fair Value MeasurementsWe account for our financial assets in accordance with ASC 820, Fair Value Measurement. This standard defines fair value, establishes a framework for measuring fair value and expands disclosures about fair value measurements. The fair value measurement disclosures are grouped into three levels based on valuation factors:•Level 1 - quoted prices in active markets using identical assets•Level 2 - significant other observable inputs, such as quoted prices for similar assets or liabilities, quoted prices in markets that are not active, or other observable inputs•Level 3 - significant unobservable inputsFair Value of Instruments Measured and Recognized at Fair ValueThe following table summarizes the levels of fair value measurements of our financial assets:June 30, 2025December 31, 2024(in millions)TotalLevel 1TotalLevel 1Money market funds$441 $441 $1,048 $1,048 U.S. Treasury bills15 15 16 16 456 456 1,064 1,064 Deposits - money market funds243 243 241 241 Total$699 $699 $1,305 $1,305 Please read Note 3. “Other Balance Sheet Information,” for additional information.Our valuation techniques used to measure fair value for these securities during the period consisted primarily of third-party pricing services that utilized actual market data such as trades of comparable bond issues, broker/dealer quotations for the same or similar investments in active markets and other observable inputs.The following is a summary of our available-for-sale marketable securities:(in millions)Amortized CostGross Unrealized GainsGross Unrealized LossesEstimated Fair ValueJune 30, 2025U.S. Treasury bills$15 $— $— $15 December 31, 2024U.S. Treasury bills$16 $— $— $16 As of June 30, 2025, the contractual maturities of all marketable securities in our portfolio were less than one year.

Insperity | 2025 Second Quarter Form 10-Q16

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

Fair Value of Other Financial InstrumentsThe carrying amounts of cash, cash equivalents, restricted cash, accounts receivable, deposits and accounts payable approximate their