TrueBlue (TBI) 10-Q 30 Apr 18 2018 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Apr. 01, 2018	Apr. 16, 2018
Document and Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Apr. 1, 2018
Document Fiscal Year Focus	2,018
Document Fiscal Period Focus	Q1
Entity Registrant Name	TBI
Entity Central Index Key	TrueBlue, Inc.
Current Fiscal Year End Date	768,899
Well-Known Seasoned Issuer	--12-30
Voluntary Filer	Yes
Reporting Status	No
Filer Category	Yes
Filer Category	Large Accelerated Filer
Common Stock Shares Outstanding (in shares)		41,346,095

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Apr. 01, 2018	Dec. 31, 2017
Current assets:
Cash and cash equivalents	$ 26,636	$ 28,780
Accounts receivable, net of allowance for doubtful accounts of $4,447 and $4,344	322,388	374,273
Prepaid expenses, deposits and other current assets	22,424	20,605
Income tax receivable	7,382	4,621
Total current assets	378,830	428,279
Property and equipment, net	57,142	60,163
Restricted cash and investments	242,766	239,231
Deferred income taxes, net	2,414	3,783
Goodwill	224,099	226,694
Intangible assets, net	99,369	104,615
Other assets, net	49,331	46,266
Total assets	1,053,951	1,109,031
Current liabilities:
Accounts payable and other accrued expenses	51,296	55,091
Accrued wages and benefits	66,903	76,894
Current portion of workers’ compensation claims reserve	75,692	77,218
Other current liabilities	3,862	3,216
Total current liabilities	197,753	212,419
Workers’ compensation claims reserve, less current portion	194,052	197,105
Long-term debt, less current portion	69,621	116,489
Long-term deferred compensation liabilities	22,458	21,866
Other long-term liabilities	6,131	6,305
Total liabilities	490,015	554,184
Commitments and contingencies (Note 8)
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; 41,334 and 41,098 shares issued and outstanding	1	1
Accumulated other comprehensive loss	(9,713)	(6,804)
Retained earnings	573,648	561,650
Total shareholders’ equity	563,936	554,847
Total liabilities and shareholders’ equity	$ 1,053,951	$ 1,109,031

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parentheticals) - USD ($) $ in Thousands	Apr. 01, 2018	Dec. 31, 2017
Allowance for doubtful accounts	$ 4,447
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	41,334,000
Common stock, shares outstanding	41,334,000

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS & COMPREHENSIVE INCOME - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Apr. 01, 2018	Apr. 02, 2017
Revenue from services	$ 554,388	$ 568,244
Cost of services	411,120	428,815
Gross profit	143,268	139,429
Selling, general and administrative expense	125,763	121,844
Depreciation and amortization	10,090	11,174
Income from operations	7,415	6,411
Interest expense	(890)	(1,232)
Interest and other income	3,094	1,306
Interest and other income (expense), net	2,204	74
Income before tax expense	9,619	6,485
Income tax expense	864	1,811
Net income	$ 8,755	$ 4,674
Net income per common share:
Basic (in dollars per share)	$ 0.22	$ 0.11
Diluted (in dollars per share)	$ 0.22	$ 0.11
Weighted average shares outstanding:
Basic (in shares)	40,443	41,637
Diluted (in shares)	40,694	41,937
Other comprehensive income:
Total other comprehensive income (loss), net of tax	$ (1,384)	$ 2,537
Comprehensive income	7,371	7,211
Foreign currency translation adjustment
Other comprehensive income:
Foreign currency translation adjustment	(1,384)	1,800
Accumulated Net Investment Gain (Loss) Attributable to Parent [Member]
Other comprehensive income:
Unrealized gain on investments, net of tax	$ 0	$ 737

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	3 Months Ended
	Apr. 01, 2018	Apr. 02, 2017
Cash flows from operating activities:
Net income	$ 8,755	$ 4,674
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	10,090	11,174
Provision for doubtful accounts	2,209	1,446
Stock-based compensation	3,409	3,304
Deferred income taxes	1,370	726
Other operating activities	(572)	1,080
Changes in operating assets and liabilities:
Accounts receivable	42,679	49,077
Income tax receivable	(2,842)	9,565
Other assets	(1,964)	3,627
Accounts payable and other accrued expenses	(4,878)	(15,015)
Accrued wages and benefits	(9,991)	(16,071)
Workers’ compensation claims reserve	(4,579)	(1,957)
Other liabilities	1,149	2,488
Net cash provided by operating activities	44,835	54,118
Cash flows from investing activities:
Capital expenditures	(1,911)	(6,167)
Divestiture of business	8,500	0
Purchases of restricted investments	(3,299)	(14,975)
Maturities of restricted investments	6,417	4,423
Net cash provided by (used in) investing activities	9,707	(16,719)
Cash flows from financing activities:
Net proceeds from stock option exercises and employee stock purchase plans	395	491
Common stock repurchases for taxes upon vesting of restricted stock	(2,086)	(2,400)
Net change in Revolving Credit Facility	(46,301)	(57,367)
Payments on debt	(567)	(567)
Net cash used in financing activities	(48,559)	(59,843)
Effect of exchange rate changes on cash, cash equivalents and restricted cash	(760)	(339)
Net change in cash, cash equivalents and restricted cash	5,223	(22,783)
Cash, cash equivalents and restricted cash, beginning of period	73,831	103,222
Cash, cash equivalents and restricted cash, end of period	79,054	80,439
Supplemental Cash Flow Information [Abstract]
Interest	827	755
Income taxes	2,342	(8,487)
Property, plant, and equipment purchased but not yet paid	581	1,161
Divestiture non-cash consideration	$ 1,957	$ 0

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	3 Months Ended
	Apr. 01, 2018
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”) for interim financial information and rules and regulations of the Securities and Exchange Commission. 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 31, 2017 . The results of operations for the thirteen weeks ended April 1, 2018 , are not necessarily indicative of the results expected for the full fiscal year or for any other fiscal period. Recently adopted accounting standards In May 2017, the FASB issued guidance to provide clarity and reduce diversity in practice when accounting for a change to the terms or conditions of share-based payment awards. The objective is to reduce the scope of transactions that would require modification accounting. Disclosure requirements remain unchanged. This amended guidance is effective for fiscal years and interim periods beginning after December 15, 2017 (Q1 2018 for TrueBlue), with early adoption permitted. We adopted this guidance for our fiscal first quarter of 2018. The adoption of the new standard did not have a material impact on our financial statements. In November 2016, the FASB issued guidance to amend the presentation of restricted cash and restricted cash equivalents on the statement of cash flows. The standard requires restricted cash and restricted cash equivalents be included with cash and cash equivalents when reconciling the beginning-of-period and end-of-period total amounts shown on the statement of cash flows. This amended guidance is effective for fiscal years and interim periods beginning after December 15, 2017 (Q1 2018 for TrueBlue). We adopted this guidance for our fiscal first quarter of 2018 using the retrospective transition method. Accordingly, the change in restricted cash and cash equivalents is no longer segregated in our statement of cash flows and the $14.0 million previously presented in the investing section for the thirteen weeks ended April 2, 2017 is now included when reconciling the beginning-of-period and end-of-period cash, cash equivalents and restricted cash shown on the statement of cash flows. In October 2016, the FASB issued guidance on the accounting for income tax effects of intercompany sales or transfers of assets other than inventory. The guidance requires entities to recognize the income tax impact of an intra-entity sale or transfer of an asset other than inventory when the sale or transfer occurs, rather than when the asset has been sold to an outside party. This guidance is effective for fiscal years and interim periods beginning after December 15, 2017 (Q1 2018 for TrueBlue). The guidance requires a modified retrospective application with a cumulative catch-up adjustment to opening retained earnings. We adopted this guidance for our fiscal first quarter of 2018. The adoption of the new standard did not have a material impact on our financial statements. In August 2016, the FASB issued guidance relating to how certain cash receipts and cash payments should be presented and classified in the statement of cash flows. The update is intended to reduce the existing diversity in practice. The amended guidance is effective for fiscal years, and interim periods within those years, beginning after December 15, 2017 (Q1 2018 for TrueBlue). We adopted this guidance for our fiscal first quarter of 2018. The adoption of the new standard did not have an impact on our financial statements. In January 2016, the FASB issued guidance on the accounting for equity investments, financial liabilities under the fair value option, and the presentation and disclosure requirements for financial instruments. The guidance is effective for annual and interim periods beginning after December 15, 2017 (Q1 2018 for TrueBlue). Early adoption of the amendments in the guidance was not permitted, with limited exceptions. The guidance requires a cumulative-effect adjustment to the balance sheet as of the beginning of the fiscal year of adoption. We adopted this guidance for our fiscal first quarter of 2018. The adoption of the new standard did not have a material impact on our financial statements. In May 2014, the FASB issued guidance outlining a single comprehensive model for accounting for revenue arising from contracts with clients, which supersedes the current revenue recognition guidance. This guidance requires an entity to recognize revenue when it transfers promised goods or services to clients in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. We adopted this new guidance as of January 1, 2018 using the modified retrospective transition method. The adoption of this new guidance did not have a material impact on our consolidated financial statements as of the adoption date, nor for the thirteen weeks ended April 1, 2018 , except for expanded disclosures. Refer to Note 2: Revenue Recognition for additional accounting policy and transition disclosures. Recently issued accounting pronouncements not yet adopted In February 2016, the FASB issued guidance on lease accounting. The new guidance will continue to classify leases as either finance or operating, but will result in the lessee recognizing a right-of-use asset and a corresponding lease liability on its balance sheet, with classification affecting the pattern of expense recognition in the statement of income. This guidance is effective for annual and interim periods beginning after December 15, 2018 (Q1 2019 for TrueBlue), and early adoption is permitted. A modified retrospective approach is required for all leases existing or entered into after the beginning of the earliest comparative period in the consolidated financial statements. We plan to adopt the guidance on the effective date. We are currently evaluating the impact of this guidance on our financial statements and expect that, upon adoption, a majority of our operating lease commitments will be recognized on our Consolidated Balance Sheets as operating lease liabilities and right-of-use assets. We do not expect the adoption to have a material impact on the pattern of expense recognition in our Consolidated Statements of Operations and Comprehensive Income. 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. Subsequent events We evaluated events and transactions occurring after the balance sheet date through the date the financial statements were issued, and identified no other events that were subject to recognition or disclosure.

REVENUE RECOGNITION

REVENUE RECOGNITION	3 Months Ended
	Apr. 01, 2018
Revenue Recognition [Abstract]
REVENUE RECOGNITION	REVENUE RECOGNITION Adoption of new revenue recognition guidance On January 1, 2018, we adopted new revenue recognition guidance using the modified retrospective method applied to those contracts which were not completed as of January 1, 2018. Results for reporting periods beginning after January 1, 2018 are presented under the new revenue recognition guidance, while prior period amounts are not adjusted and continue to be reported in accordance with our historic accounting guidance. The adoption of this new guidance did not have a material impact on our consolidated financial statements as of the adoption date, nor for the thirteen weeks ended April 1, 2018 , except for expanded disclosures. Revenue recognition We account for a contract when both parties to the contract have approved the contract, the rights of the parties are identified, payment terms are identified, the contract has commercial substance, and collectability of consideration is probable. Revenues are recognized over time, using an output measure, as the control of the promised services is transferred to the client in an amount that reflects the consideration we expect to be entitled to in exchange for those services. The majority of our contracts are short-term in nature as they are filling the temporary staffing needs of our clients, or include termination clauses that allows either party to cancel within a short termination period, without cause. Revenue includes billable travel and other reimbursable costs and are reported net of sales, use, or other transaction taxes collected from clients and remitted to taxing authorities. Payment terms vary by client and the services offered. We consider payment terms that exceed one year to be extended payment terms. Substantially all of our contracts include payment terms of 90 days or less and we do not extend payment terms beyond one year. We primarily record revenue on a gross basis as a principal versus on a net basis as an agent in the Consolidated Statements of Operations and Comprehensive Income. We have determined that gross reporting as a principal is the appropriate treatment based upon the following key factors: • We maintain the direct contractual relationship with the client and are responsible for fulfilling the service promised to the client. • We maintain control over our workers while the services to the client are being performed. • We establish our worker’s billing rate. Contingent labor We recognize revenue for our contingent staffing services over time as services are performed in an amount that reflects the consideration we expect to be entitled to in exchange for our services, which is generally calculated as hours worked multiplied by the agreed-upon hourly bill rate. The client simultaneously receives and consumes the benefits of the services as they are provided. We do not incur costs to obtain our contingent staffing contracts. Costs are incurred to fulfill some contingent staffing contracts, however these costs are de minimis and expensed as incurred. Human resource outsourcing We primarily recognize revenue for our outsourced recruitment of permanent employees over time in an amount that reflects the consideration we expect to be entitled to in exchange for our services. The client simultaneously receives and consumes the benefits of the services as they are provided. We do not incur costs to obtain our outsourced recruitment of permanent employees’ contracts. The costs to fulfill these contracts are de minimis and expensed as incurred. Unsatisfied performance obligations As a practical expedient, we do not disclose the value of unsatisfied performance obligations for (i) contracts with an expected original duration of one year or less and (ii) contracts for which we recognize revenue at the amount to which we have the right to invoice for services performed. Disaggregated revenue The following table presents our revenue disaggregated by major source: 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

DIVESTITURE

DIVESTITURE	3 Months Ended
	Apr. 01, 2018
Disposal Group, Not Discontinued Operation, Disposal Disclosures [Abstract]
DIVESTITURE	DIVESTITURE In mid-March 2018, the company entered into an asset purchase agreement to sell substantially all the assets and certain liabilities of its PlaneTechs service line to Launch Technical Workforce Solutions (“Launch”) for a purchase price of $11.4 million , of which $8.5 million was paid in cash, and $1.6 million in a note due within six months following the closing date, which is included in prepaid expenses, deposits and other current assets on the Consolidated Balance Sheet. The remaining balance consists of the preliminary working capital adjustment to be paid in cash during the fiscal second quarter of 2018, which is included in prepaid expenses, deposit and other current assets on the Consolidated Balance Sheet. The company recognized a preliminary pre-tax gain on the divestiture of $1.4 million , which is included in interest and other income on the Consolidated Statements of Operations and Comprehensive Income for the thirteen weeks ended April 1, 2018 . Fiscal first quarter revenue through the closing date of the divestiture for the PlaneTechs service line of $8.0 million was reported in the PeopleManagement reportable segment. The divestiture of PlaneTechs did not represent a strategic shift with a major effect on the company’s operations and financial results and, therefore was not reported as discontinued operations in the Consolidated Balance Sheets or Consolidated Statements of Operations and Comprehensive Income for the periods presented. The company has agreed to provide certain transition services to Launch for a period not to exceed seven months, which includes various back office services to support the PlaneTechs branch offices until personnel and systems are transferred to Launch.

FAIR VALUE MEASUREMENT

FAIR VALUE MEASUREMENT	3 Months Ended
	Apr. 01, 2018
Fair Value Disclosures [Abstract]
FAIR VALUE MEASUREMENT	FAIR VALUE MEASUREMENT Our assets and liabilities measured at fair value on a recurring basis consisted of the following: April 1, 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) Financial assets: Cash and cash equivalents $ 26,636 $ 26,636 $ — $ — Restricted cash and cash equivalents 52,418 52,418 — — Cash, cash equivalents and restricted cash (1) $ 79,054 $ 79,054 $ — $ — Deferred compensation mutual funds classified as available-for-sale $ 24,093 $ 24,093 $ — $ — Municipal debt securities $ 78,643 $ — $ 78,643 $ — Corporate debt securities 81,182 — 81,182 — Agency mortgage-backed securities 3,630 — 3,630 — U.S. government and agency securities 991 — 991 — Restricted investments classified as held-to-maturity $ 164,446 $ — $ 164,446 $ — December 31, 2017 (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) Financial assets: Cash and cash equivalents $ 28,780 $ 28,780 $ — $ — Restricted cash and cash equivalents 45,051 45,051 — — Cash, cash equivalents and restricted cash (1) $ 73,831 $ 73,831 $ — $ — Deferred compensation mutual funds classified as available-for-sale $ 22,428 $ 22,428 $ — $ — Municipal debt securities $ 83,366 $ — $ 83,366 $ — Corporate debt securities 83,791 — 83,791 — Agency mortgage-backed securities 4,062 — 4,062 — U.S. government and agency securities 1,019 — 1,019 — Restricted investments classified as held-to-maturity $ 172,238 $ — $ 172,238 $ — (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 April 1, 2018 nor April 2, 2017 .

RESTRICTED CASH AND INVESTMENTS

RESTRICTED CASH AND INVESTMENTS	3 Months Ended
	Apr. 01, 2018
Restricted Cash and Investments [Abstract]
RESTRICTED CASH AND INVESTMENTS	RESTRICTED CASH AND INVESTMENTS Restricted cash and investments consist principally of 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 following is a summary of the carrying value of our restricted cash and investments: (in thousands) April 1, December 31, Cash collateral held by insurance carriers $ 23,035 $ 22,926 Cash and cash equivalents held in Trust 28,981 16,113 Investments held in Trust 166,255 171,752 Deferred compensation mutual funds 24,093 22,428 Other restricted cash and cash equivalents 402 6,012 Total restricted cash and investments $ 242,766 $ 239,231 The amortized cost and estimated fair value of our held-to-maturity investments held in trust, aggregated by investment category as of April 1, 2018 and December 31, 2017 , were as follows: April 1, 2018 (in thousands) Amortized cost Gross unrealized gain Gross unrealized loss Fair value Municipal debt securities $ 79,291 $ 262 $ (910 ) $ 78,643 Corporate debt securities 82,302 20 (1,140 ) 81,182 Agency mortgage-backed securities 3,663 12 (45 ) 3,630 U.S. government and agency securities 999 — (8 ) 991 Total held-to-maturity investments $ 166,255 $ 294 $ (2,103 ) $ 164,446 December 31, 2017 (in thousands) Amortized cost Gross unrealized gain Gross unrealized loss Fair value Municipal debt securities $ 82,770 $ 974 $ (378 ) $ 83,366 Corporate debt securities 83,916 309 (434 ) 83,791 Agency mortgage-backed securities 4,066 22 (26 ) 4,062 U.S. government and agency securities 1,000 19 — 1,019 Total held-to-maturity investments $ 171,752 $ 1,324 $ (838 ) $ 172,238 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 April 1, 2018 and December 31, 2017 , were as follows: April 1, 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 $ 42,461 $ (452 ) $ 9,369 $ (458 ) $ 51,830 $ (910 ) Corporate debt securities 66,664 (927 ) 9,982 (213 ) 76,646 (1,140 ) Agency mortgage-backed securities 1,216 (22 ) 802 (23 ) 2,018 (45 ) U.S. government and agency securities 991 (8 ) — — 991 (8 ) Total held-to-maturity investments $ 111,332 $ (1,409 ) $ 20,153 $ (694 ) $ 131,485 $ (2,103 ) December 31, 2017 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 $ 23,078 $ (124 ) $ 9,631 $ (254 ) $ 32,709 $ (378 ) Corporate debt securities 48,952 (311 ) 10,081 (123 ) 59,033 (434 ) Agency mortgage-backed securities 1,362 (10 ) 888 (16 ) 2,250 (26 ) Total held-to-maturity investments $ 73,392 $ (445 ) $ 20,600 $ (393 ) $ 93,992 $ (838 ) The total number of held-to-maturity securities that had unrealized losses as of April 1, 2018 and December 31, 2017 were 112 and 83 , 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 maturity, the company does 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: April 1, 2018 (in thousands) Amortized cost Fair value Due in one year or less $ 17,960 $ 17,892 Due after one year through five years 86,743 85,910 Due after five years through ten years 61,552 60,644 Total held-to-maturity investments $ 166,255 $ 164,446 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.

GOODWILL

GOODWILL	3 Months Ended
	Apr. 01, 2018
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill	GOODWILL The following table reflects changes in the carrying amount of goodwill during the period by reportable segments : (in thousands) PeopleReady PeopleManagement PeopleScout Total company Balance at December 31, 2017 Goodwill before impairment $ 106,304 $ 100,146 $ 132,323 $ 338,773 Accumulated impairment loss (46,210 ) (50,700 ) (15,169 ) (112,079 ) Goodwill, net 60,094 49,446 117,154 226,694 Divested goodwill before impairment (1) — (19,054 ) — (19,054 ) Divested accumulated impairment loss (1) — 17,000 — 17,000 Foreign currency translation — — (541 ) (541 ) Balance at April 1, 2018 Goodwill before impairment 106,304 81,092 131,782 319,178 Accumulated impairment loss (46,210 ) (33,700 ) (15,169 ) (95,079 ) Goodwill, net $ 60,094 $ 47,392 $ 116,613 $ 224,099 (1) In mid-March 2018, the company entered into an asset purchase agreement for the sale of its PlaneTechs service line to Launch Technical Workforce Solutions. As a result of this divestiture, we eliminated the remaining goodwill balance of the PlaneTechs service line, which was a part of our PeopleManagement reportable segment. For additional information, see Note 3: Divestiture .

WORKERS' COMPENSATION INSURANCE

WORKERS' COMPENSATION INSURANCE AND RESERVES	3 Months Ended
	Apr. 01, 2018
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 1.9% and 1.8% at April 1, 2018 and December 31, 2017 , respectively. Payments made against self-insured claims are made over a weighted average period of approximately five years as of April 1, 2018 . The table below presents a reconciliation of the undiscounted workers’ compensation reserve to the discounted workers’ compensation reserve for the periods presented as follows: (in thousands) April 1, December 31, Undiscounted workers’ compensation reserve $ 288,942 $ 293,600 Less discount on workers’ compensation reserve 19,198 19,277 Workers’ compensation reserve, net of discount 269,744 274,323 Less current portion 75,692 77,218 Long-term portion $ 194,052 $ 197,105 Payments made against self-insured claims were $17.2 million and $15.9 million for the thirteen weeks ended April 1, 2018 and April 2, 2017 , 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 April 1, 2018 and December 31, 2017 , the weighted average rate was 2.5% . The claim payments are made and the corresponding reimbursements from our insurance carriers are received over an estimated weighted average period of approximately 15 years . The discounted workers’ compensation reserve for excess claims was $48.5 million and $48.8 million as of April 1, 2018 and December 31, 2017 , respectively. The discounted receivables from insurance companies, net of valuation allowance, were $44.6 million and $45.0 million as of April 1, 2018 and December 31, 2017 , respectively, and are included in other assets, net on the accompanying Consolidated Balance Sheets. Workers’ compensation expense of $16.6 million and $19.8 million was recorded in cost of services for the thirteen weeks ended April 1, 2018 and April 2, 2017 , respectively.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	3 Months Ended
	Apr. 01, 2018
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	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) April 1, December 31, Cash collateral held by workers’ compensation insurance carriers $ 22,255 $ 22,148 Cash and cash equivalents held in Trust 28,981 16,113 Investments held in Trust 166,255 171,752 Letters of credit (1) 7,748 7,748 Surety bonds (2) 22,014 19,829 Total collateral commitments $ 247,253 $ 237,590 (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.

INCOME TAXES

INCOME TAXES	3 Months Ended
	Apr. 01, 2018
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. Except as required under U.S. tax law, we do not provide for U.S. taxes on undistributed earnings of our foreign subsidiaries since we consider those earnings to be permanently invested outside of the U.S. Our effective tax rate for the thirteen weeks ended April 1, 2018 was 9.0% . 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. On December 22, 2017, Staff Accounting Bulletin No. 118 was issued to address the application of U.S. GAAP in situations when a registrant does not have the necessary information available, prepared, or analyzed in reasonable detail to complete the accounting for certain income tax effects of the Tax Cuts and Jobs Act. For the thirteen weeks ended April 1, 2018 , we have not identified any needed adjustments to our transition tax and revaluation of net deferred tax assets recorded at December 31, 2017 . Any subsequent adjustment to these amounts will be recorded to current tax expense in the fiscal 2018 quarter in which the analysis is complete.

NET INCOME (LOSS) PER SHARE

NET INCOME (LOSS) PER SHARE	3 Months Ended
	Apr. 01, 2018
Earnings Per Share [Abstract]
NET INCOME (LOSS) PER SHARE	NET INCOME PER SHARE Diluted common shares were calculated as follows: Thirteen weeks ended (in thousands, except per share data) April 1, April 2, Net income $ 8,755 $ 4,674 Weighted average number of common shares used in basic net income per common share 40,443 41,637 Dilutive effect of non-vested restricted stock 251 300 Weighted average number of common shares used in diluted net income per common share 40,694 41,937 Net income per common share: Basic $ 0.22 $ 0.11 Diluted $ 0.22 $ 0.11 Anti-dilutive shares 548 159

ACCUMULATED OTHER COMPREHENSIVE

ACCUMULATED OTHER COMPREHENSIVE LOSS	3 Months Ended
	Apr. 01, 2018
Equity [Abstract]
ACCUMULATED OTHER COMPREHENSIVE LOSS	ACCUMULATED OTHER COMPREHENSIVE LOSS Changes in the balance of each component of accumulated other comprehensive loss during the reporting periods were as follows: Thirteen weeks ended April 1, 2018 April 2, 2017 (in thousands) Foreign currency translation adjustment Unrealized gain (loss) on investments, net of tax (1) Total other comprehensive (loss), net of tax Foreign currency translation adjustment Unrealized gain on investments, net of tax (1) Total other comprehensive income (loss), net of tax Balance at beginning of period $ (8,329 ) $ 1,525 $ (6,804 ) $ (11,684 ) $ 251 $ (11,433 ) Current period other comprehensive income (1,384 ) — (1,384 ) 1,800 737 2,537 Change in accounting standard cumulative-effect adjustment (2) — (1,525 ) (1,525 ) — — — Balance at end of period $ (9,713 ) $ — $ (9,713 ) $ (9,884 ) $ 988 $ (8,896 ) (1) Consisted of deferred compensation plan accounts, comprised of mutual funds classified as available-for-sale securities, prior to our adoption of the new accounting standard for equity investments in the fiscal first quarter of 2018. The tax impact on the unrealized gain on available-for-sale securities was de minimis for the thirteen weeks ended April 2, 2017 . (2) As a result of our adoption of the new accounting standard for equity investments, $1.5 million in unrealized gains on available-for-sale equity securities were reclassified from accumulated other comprehensive loss to retained earnings at April 1, 2018 . There were no material reclassifications out of accumulated other comprehensive loss during the thirteen weeks ended April 2, 2017 . For additional information, see Note 1: Summary of Significant Accounting Policies .

SEGMENT INFORMATION

SEGMENT INFORMATION	3 Months Ended
	Apr. 01, 2018
Segment Reporting [Abstract]
SEGMENT INFORMATION	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 our reportable segments are described below: Our PeopleReady reportable segment provides blue-collar, contingent staffing through the PeopleReady service line. 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 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 service line within our PeopleManagement reportable segment to Launch Technical Workforce Solutions. For additional information, see Note 3: Divestiture. 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 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. We evaluate performance based on segment revenue and segment profit. Inter-segment revenue is minimal. Commencing in the fiscal first quarter of 2018, we revised our internal segment performance measure to be segment profit, rather than the previously reported segment earnings before interest, taxes, depreciation and amortization (segment EBITDA). 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 prior year amounts have been recast to reflect this change for consistency purposes. The following table presents a reconciliation of segment revenue from services to total company revenue: Thirteen weeks ended (in thousands) April 1, April 2, Revenue from services: PeopleReady $ 316,835 $ 332,624 PeopleManagement 183,892 191,686 PeopleScout 53,661 43,934 Total company $ 554,388 $ 568,244 The following table presents a reconciliation of Segment profit to income before tax expense: Thirteen weeks ended (in thousands) April 1, April 2, Segment profit: PeopleReady $ 9,525 $ 9,994 PeopleManagement 5,649 5,533 PeopleScout 11,905 8,665 27,079 24,192 Corporate unallocated (7,664 ) (6,335 ) Work Opportunity Tax Credit processing fees (195 ) (272 ) Cloud-based software implementation costs (1,715 ) — Depreciation and amortization (10,090 ) (11,174 ) Income from operations 7,415 6,411 Interest and other income (expense), net 2,204 74 Income before tax expense $ 9,619 $ 6,485 Asset information by reportable segment is not presented since we do not manage our segments on a balance sheet basis.

SUMMARY OF SIGNIFICANT ACCOUN18

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	3 Months Ended
	Apr. 01, 2018
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”) for interim financial information and rules and regulations of the Securities and Exchange Commission. 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 31, 2017 . The results of operations for the thirteen weeks ended April 1, 2018 , are not necessarily indicative of the results expected for the full fiscal year or for any other fiscal period.
New accounting pronouncements and changes in accounting principles	Recently adopted accounting standards In May 2017, the FASB issued guidance to provide clarity and reduce diversity in practice when accounting for a change to the terms or conditions of share-based payment awards. The objective is to reduce the scope of transactions that would require modification accounting. Disclosure requirements remain unchanged. This amended guidance is effective for fiscal years and interim periods beginning after December 15, 2017 (Q1 2018 for TrueBlue), with early adoption permitted. We adopted this guidance for our fiscal first quarter of 2018. The adoption of the new standard did not have a material impact on our financial statements. In November 2016, the FASB issued guidance to amend the presentation of restricted cash and restricted cash equivalents on the statement of cash flows. The standard requires restricted cash and restricted cash equivalents be included with cash and cash equivalents when reconciling the beginning-of-period and end-of-period total amounts shown on the statement of cash flows. This amended guidance is effective for fiscal years and interim periods beginning after December 15, 2017 (Q1 2018 for TrueBlue). We adopted this guidance for our fiscal first quarter of 2018 using the retrospective transition method. Accordingly, the change in restricted cash and cash equivalents is no longer segregated in our statement of cash flows and the $14.0 million previously presented in the investing section for the thirteen weeks ended April 2, 2017 is now included when reconciling the beginning-of-period and end-of-period cash, cash equivalents and restricted cash shown on the statement of cash flows. In October 2016, the FASB issued guidance on the accounting for income tax effects of intercompany sales or transfers of assets other than inventory. The guidance requires entities to recognize the income tax impact of an intra-entity sale or transfer of an asset other than inventory when the sale or transfer occurs, rather than when the asset has been sold to an outside party. This guidance is effective for fiscal years and interim periods beginning after December 15, 2017 (Q1 2018 for TrueBlue). The guidance requires a modified retrospective application with a cumulative catch-up adjustment to opening retained earnings. We adopted this guidance for our fiscal first quarter of 2018. The adoption of the new standard did not have a material impact on our financial statements. In August 2016, the FASB issued guidance relating to how certain cash receipts and cash payments should be presented and classified in the statement of cash flows. The update is intended to reduce the existing diversity in practice. The amended guidance is effective for fiscal years, and interim periods within those years, beginning after December 15, 2017 (Q1 2018 for TrueBlue). We adopted this guidance for our fiscal first quarter of 2018. The adoption of the new standard did not have an impact on our financial statements. In January 2016, the FASB issued guidance on the accounting for equity investments, financial liabilities under the fair value option, and the presentation and disclosure requirements for financial instruments. The guidance is effective for annual and interim periods beginning after December 15, 2017 (Q1 2018 for TrueBlue). Early adoption of the amendments in the guidance was not permitted, with limited exceptions. The guidance requires a cumulative-effect adjustment to the balance sheet as of the beginning of the fiscal year of adoption. We adopted this guidance for our fiscal first quarter of 2018. The adoption of the new standard did not have a material impact on our financial statements. In May 2014, the FASB issued guidance outlining a single comprehensive model for accounting for revenue arising from contracts with clients, which supersedes the current revenue recognition guidance. This guidance requires an entity to recognize revenue when it transfers promised goods or services to clients in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. We adopted this new guidance as of January 1, 2018 using the modified retrospective transition method. The adoption of this new guidance did not have a material impact on our consolidated financial statements as of the adoption date, nor for the thirteen weeks ended April 1, 2018 , except for expanded disclosures. Refer to Note 2: Revenue Recognition for additional accounting policy and transition disclosures. Recently issued accounting pronouncements not yet adopted In February 2016, the FASB issued guidance on lease accounting. The new guidance will continue to classify leases as either finance or operating, but will result in the lessee recognizing a right-of-use asset and a corresponding lease liability on its balance sheet, with classification affecting the pattern of expense recognition in the statement of income. This guidance is effective for annual and interim periods beginning after December 15, 2018 (Q1 2019 for TrueBlue), and early adoption is permitted. A modified retrospective approach is required for all leases existing or entered into after the beginning of the earliest comparative period in the consolidated financial statements. We plan to adopt the guidance on the effective date. We are currently evaluating the impact of this guidance on our financial statements and expect that, upon adoption, a majority of our operating lease commitments will be recognized on our Consolidated Balance Sheets as operating lease liabilities and right-of-use assets. We do not expect the adoption to have a material impact on the pattern of expense recognition in our Consolidated Statements of Operations and Comprehensive Income. 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.
Subsequent events	Subsequent events We evaluated events and transactions occurring after the balance sheet date through the date the financial statements were issued, and identified no other events that were subject to recognition or disclosure.
Revenue recognition	Revenue recognition We account for a contract when both parties to the contract have approved the contract, the rights of the parties are identified, payment terms are identified, the contract has commercial substance, and collectability of consideration is probable. Revenues are recognized over time, using an output measure, as the control of the promised services is transferred to the client in an amount that reflects the consideration we expect to be entitled to in exchange for those services. The majority of our contracts are short-term in nature as they are filling the temporary staffing needs of our clients, or include termination clauses that allows either party to cancel within a short termination period, without cause. Revenue includes billable travel and other reimbursable costs and are reported net of sales, use, or other transaction taxes collected from clients and remitted to taxing authorities. Payment terms vary by client and the services offered. We consider payment terms that exceed one year to be extended payment terms. Substantially all of our contracts include payment terms of 90 days or less and we do not extend payment terms beyond one year. We primarily record revenue on a gross basis as a principal versus on a net basis as an agent in the Consolidated Statements of Operations and Comprehensive Income. We have determined that gross reporting as a principal is the appropriate treatment based upon the following key factors: • We maintain the direct contractual relationship with the client and are responsible for fulfilling the service promised to the client. • We maintain control over our workers while the services to the client are being performed. • We establish our worker’s billing rate. Contingent labor We recognize revenue for our contingent staffing services over time as services are performed in an amount that reflects the consideration we expect to be entitled to in exchange for our services, which is generally calculated as hours worked multiplied by the agreed-upon hourly bill rate. The client simultaneously receives and consumes the benefits of the services as they are provided. We do not incur costs to obtain our contingent staffing contracts. Costs are incurred to fulfill some contingent staffing contracts, however these costs are de minimis and expensed as incurred. Human resource outsourcing We primarily recognize revenue for our outsourced recruitment of permanent employees over time in an amount that reflects the consideration we expect to be entitled to in exchange for our services. The client simultaneously receives and consumes the benefits of the services as they are provided. We do not incur costs to obtain our outsourced recruitment of permanent employees’ contracts. The costs to fulfill these contracts are de minimis and expensed as incurred. Unsatisfied performance obligations As a practical expedient, we do not disclose the value of unsatisfied performance obligations for (i) contracts with an expected original duration of one year or less and (ii) contracts for which we recognize revenue at the amount to which we have the right to invoice for services performed.

REVENUE RECOGNITION Revenue Rec

REVENUE RECOGNITION Revenue Recognition (Policies)	3 Months Ended
	Apr. 01, 2018
Revenue Recognition [Abstract]
Revenue recognition	Revenue recognition We account for a contract when both parties to the contract have approved the contract, the rights of the parties are identified, payment terms are identified, the contract has commercial substance, and collectability of consideration is probable. Revenues are recognized over time, using an output measure, as the control of the promised services is transferred to the client in an amount that reflects the consideration we expect to be entitled to in exchange for those services. The majority of our contracts are short-term in nature as they are filling the temporary staffing needs of our clients, or include termination clauses that allows either party to cancel within a short termination period, without cause. Revenue includes billable travel and other reimbursable costs and are reported net of sales, use, or other transaction taxes collected from clients and remitted to taxing authorities. Payment terms vary by client and the services offered. We consider payment terms that exceed one year to be extended payment terms. Substantially all of our contracts include payment terms of 90 days or less and we do not extend payment terms beyond one year. We primarily record revenue on a gross basis as a principal versus on a net basis as an agent in the Consolidated Statements of Operations and Comprehensive Income. We have determined that gross reporting as a principal is the appropriate treatment based upon the following key factors: • We maintain the direct contractual relationship with the client and are responsible for fulfilling the service promised to the client. • We maintain control over our workers while the services to the client are being performed. • We establish our worker’s billing rate. Contingent labor We recognize revenue for our contingent staffing services over time as services are performed in an amount that reflects the consideration we expect to be entitled to in exchange for our services, which is generally calculated as hours worked multiplied by the agreed-upon hourly bill rate. The client simultaneously receives and consumes the benefits of the services as they are provided. We do not incur costs to obtain our contingent staffing contracts. Costs are incurred to fulfill some contingent staffing contracts, however these costs are de minimis and expensed as incurred. Human resource outsourcing We primarily recognize revenue for our outsourced recruitment of permanent employees over time in an amount that reflects the consideration we expect to be entitled to in exchange for our services. The client simultaneously receives and consumes the benefits of the services as they are provided. We do not incur costs to obtain our outsourced recruitment of permanent employees’ contracts. The costs to fulfill these contracts are de minimis and expensed as incurred. Unsatisfied performance obligations As a practical expedient, we do not disclose the value of unsatisfied performance obligations for (i) contracts with an expected original duration of one year or less and (ii) contracts for which we recognize revenue at the amount to which we have the right to invoice for services performed.

REVENUE RECOGNITION (Tables)

REVENUE RECOGNITION (Tables)	3 Months Ended
	Apr. 01, 2018
Revenue Recognition [Abstract]
Disaggregation Of Revenue	The following table presents our revenue disaggregated by major source: 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

FAIR VALUE MEASUREMENT (Tables)

FAIR VALUE MEASUREMENT (Tables)	3 Months Ended
	Apr. 01, 2018
Fair Value Disclosures [Abstract]
Fair Value Measurements, Recurring and Nonrecurring	Our assets and liabilities measured at fair value on a recurring basis consisted of the following: April 1, 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) Financial assets: Cash and cash equivalents $ 26,636 $ 26,636 $ — $ — Restricted cash and cash equivalents 52,418 52,418 — — Cash, cash equivalents and restricted cash (1) $ 79,054 $ 79,054 $ — $ — Deferred compensation mutual funds classified as available-for-sale $ 24,093 $ 24,093 $ — $ — Municipal debt securities $ 78,643 $ — $ 78,643 $ — Corporate debt securities 81,182 — 81,182 — Agency mortgage-backed securities 3,630 — 3,630 — U.S. government and agency securities 991 — 991 — Restricted investments classified as held-to-maturity $ 164,446 $ — $ 164,446 $ — December 31, 2017 (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) Financial assets: Cash and cash equivalents $ 28,780 $ 28,780 $ — $ — Restricted cash and cash equivalents 45,051 45,051 — — Cash, cash equivalents and restricted cash (1) $ 73,831 $ 73,831 $ — $ — Deferred compensation mutual funds classified as available-for-sale $ 22,428 $ 22,428 $ — $ — Municipal debt securities $ 83,366 $ — $ 83,366 $ — Corporate debt securities 83,791 — 83,791 — Agency mortgage-backed securities 4,062 — 4,062 — U.S. government and agency securities 1,019 — 1,019 — Restricted investments classified as held-to-maturity $ 172,238 $ — $ 172,238 $ — (1) Cash, cash equivalents and restricted cash consist of money market funds, deposits, and investments with original maturities of three months or less.

RESTRICTED CASH AND INVESTMEN22

RESTRICTED CASH AND INVESTMENTS (Tables)	3 Months Ended
	Apr. 01, 2018
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) April 1, December 31, Cash collateral held by insurance carriers $ 23,035 $ 22,926 Cash and cash equivalents held in Trust 28,981 16,113 Investments held in Trust 166,255 171,752 Deferred compensation mutual funds 24,093 22,428 Other restricted cash and cash equivalents 402 6,012 Total restricted cash and investments $ 242,766 $ 239,231
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 April 1, 2018 and December 31, 2017 , were as follows: April 1, 2018 (in thousands) Amortized cost Gross unrealized gain Gross unrealized loss Fair value Municipal debt securities $ 79,291 $ 262 $ (910 ) $ 78,643 Corporate debt securities 82,302 20 (1,140 ) 81,182 Agency mortgage-backed securities 3,663 12 (45 ) 3,630 U.S. government and agency securities 999 — (8 ) 991 Total held-to-maturity investments $ 166,255 $ 294 $ (2,103 ) $ 164,446 December 31, 2017 (in thousands) Amortized cost Gross unrealized gain Gross unrealized loss Fair value Municipal debt securities $ 82,770 $ 974 $ (378 ) $ 83,366 Corporate debt securities 83,916 309 (434 ) 83,791 Agency mortgage-backed securities 4,066 22 (26 ) 4,062 U.S. government and agency securities 1,000 19 — 1,019 Total held-to-maturity investments $ 171,752 $ 1,324 $ (838 ) $ 172,238
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 April 1, 2018 and December 31, 2017 , were as follows: April 1, 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 $ 42,461 $ (452 ) $ 9,369 $ (458 ) $ 51,830 $ (910 ) Corporate debt securities 66,664 (927 ) 9,982 (213 ) 76,646 (1,140 ) Agency mortgage-backed securities 1,216 (22 ) 802 (23 ) 2,018 (45 ) U.S. government and agency securities 991 (8 ) — — 991 (8 ) Total held-to-maturity investments $ 111,332 $ (1,409 ) $ 20,153 $ (694 ) $ 131,485 $ (2,103 ) December 31, 2017 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 $ 23,078 $ (124 ) $ 9,631 $ (254 ) $ 32,709 $ (378 ) Corporate debt securities 48,952 (311 ) 10,081 (123 ) 59,033 (434 ) Agency mortgage-backed securities 1,362 (10 ) 888 (16 ) 2,250 (26 ) Total held-to-maturity investments $ 73,392 $ (445 ) $ 20,600 $ (393 ) $ 93,992 $ (838 )
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: April 1, 2018 (in thousands) Amortized cost Fair value Due in one year or less $ 17,960 $ 17,892 Due after one year through five years 86,743 85,910 Due after five years through ten years 61,552 60,644 Total held-to-maturity investments $ 166,255 $ 164,446

GOODWILL (Tables)

GOODWILL (Tables)	3 Months Ended
	Apr. 01, 2018
Goodwill [Line Items]
Schedule of Goodwill	The following table reflects changes in the carrying amount of goodwill during the period by reportable segments : (in thousands) PeopleReady PeopleManagement PeopleScout Total company Balance at December 31, 2017 Goodwill before impairment $ 106,304 $ 100,146 $ 132,323 $ 338,773 Accumulated impairment loss (46,210 ) (50,700 ) (15,169 ) (112,079 ) Goodwill, net 60,094 49,446 117,154 226,694 Divested goodwill before impairment (1) — (19,054 ) — (19,054 ) Divested accumulated impairment loss (1) — 17,000 — 17,000 Foreign currency translation — — (541 ) (541 ) Balance at April 1, 2018 Goodwill before impairment 106,304 81,092 131,782 319,178 Accumulated impairment loss (46,210 ) (33,700 ) (15,169 ) (95,079 ) Goodwill, net $ 60,094 $ 47,392 $ 116,613 $ 224,099 (1) In mid-March 2018, the company entered into an asset purchase agreement for the sale of its PlaneTechs service line to Launch Technical Workforce Solutions. As a result of this divestiture, we eliminated the remaining goodwill balance of the PlaneTechs service line, which was a part of our PeopleManagement reportable segment. For additional information, see Note 3: Divestiture .

WORKERS' COMPENSATION INSURAN24

WORKERS' COMPENSATION INSURANCE AND RESERVES (Tables)	3 Months Ended
	Apr. 01, 2018
Workers' Compensation Insurance and Reserves [Abstract]
Reconciliation of workers' compensation claims reserve	The table below presents a reconciliation of the undiscounted workers’ compensation reserve to the discounted workers’ compensation reserve for the periods presented as follows: (in thousands) April 1, December 31, Undiscounted workers’ compensation reserve $ 288,942 $ 293,600 Less discount on workers’ compensation reserve 19,198 19,277 Workers’ compensation reserve, net of discount 269,744 274,323 Less current portion 75,692 77,218 Long-term portion $ 194,052 $ 197,105

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Tables)	3 Months Ended
	Apr. 01, 2018
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) April 1, December 31, Cash collateral held by workers’ compensation insurance carriers $ 22,255 $ 22,148 Cash and cash equivalents held in Trust 28,981 16,113 Investments held in Trust 166,255 171,752 Letters of credit (1) 7,748 7,748 Surety bonds (2) 22,014 19,829 Total collateral commitments $ 247,253 $ 237,590 (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.

NET INCOME (LOSS) PER SHARE (Ta

NET INCOME (LOSS) PER SHARE (Tables)	3 Months Ended
	Apr. 01, 2018
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) April 1, April 2, Net income $ 8,755 $ 4,674 Weighted average number of common shares used in basic net income per common share 40,443 41,637 Dilutive effect of non-vested restricted stock 251 300 Weighted average number of common shares used in diluted net income per common share 40,694 41,937 Net income per common share: Basic $ 0.22 $ 0.11 Diluted $ 0.22 $ 0.11 Anti-dilutive shares 548 159

ACCUMULATED OTHER COMPREHENSI27

ACCUMULATED OTHER COMPREHENSIVE LOSS (Tables)	3 Months Ended
	Apr. 01, 2018
Equity [Abstract]
Schedule of Comprehensive Loss	Changes in the balance of each component of accumulated other comprehensive loss during the reporting periods were as follows: Thirteen weeks ended April 1, 2018 April 2, 2017 (in thousands) Foreign currency translation adjustment Unrealized gain (loss) on investments, net of tax (1) Total other comprehensive (loss), net of tax Foreign currency translation adjustment Unrealized gain on investments, net of tax (1) Total other comprehensive income (loss), net of tax Balance at beginning of period $ (8,329 ) $ 1,525 $ (6,804 ) $ (11,684 ) $ 251 $ (11,433 ) Current period other comprehensive income (1,384 ) — (1,384 ) 1,800 737 2,537 Change in accounting standard cumulative-effect adjustment (2) — (1,525 ) (1,525 ) — — — Balance at end of period $ (9,713 ) $ — $ (9,713 ) $ (9,884 ) $ 988 $ (8,896 ) (1) Consisted of deferred compensation plan accounts, comprised of mutual funds classified as available-for-sale securities, prior to our adoption of the new accounting standard for equity investments in the fiscal first quarter of 2018. The tax impact on the unrealized gain on available-for-sale securities was de minimis for the thirteen weeks ended April 2, 2017 . (2) As a result of our adoption of the new accounting standard for equity investments, $1.5 million in unrealized gains on available-for-sale equity securities were reclassified from accumulated other comprehensive loss to retained earnings at April 1, 2018 . There were no material reclassifications out of accumulated other comprehensive loss during the thirteen weeks ended April 2, 2017 . For additional information, see Note 1: Summary of Significant Accounting Policies .

SEGMENT INFORMATION (Tables)

SEGMENT INFORMATION (Tables)	3 Months Ended
	Apr. 01, 2018
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) April 1, April 2, Revenue from services: PeopleReady $ 316,835 $ 332,624 PeopleManagement 183,892 191,686 PeopleScout 53,661 43,934 Total company $ 554,388 $ 568,244 The following table presents a reconciliation of Segment profit to income before tax expense: Thirteen weeks ended (in thousands) April 1, April 2, Segment profit: PeopleReady $ 9,525 $ 9,994 PeopleManagement 5,649 5,533 PeopleScout 11,905 8,665 27,079 24,192 Corporate unallocated (7,664 ) (6,335 ) Work Opportunity Tax Credit processing fees (195 ) (272 ) Cloud-based software implementation costs (1,715 ) — Depreciation and amortization (10,090 ) (11,174 ) Income from operations 7,415 6,411 Interest and other income (expense), net 2,204 74 Income before tax expense $ 9,619 $ 6,485

SUMMARY OF SIGNIFICANT ACCOUN29

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Recently adopted accounting standards (Details) $ in Millions	3 Months Ended
	Apr. 02, 2017USD ($)
Restatement Adjustment [Member] | Accounting Standards Update 2016-18 [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Increase (decrease) in restricted cash	$ (14)

REVENUE RECOGNITION (Details)

REVENUE RECOGNITION (Details) - USD ($) $ in Thousands	3 Months Ended
	Apr. 01, 2018	Apr. 02, 2017
Revenue Initial Application Period Cumulative Effect Transition [Line Items]
Revenue from services	$ 554,388	$ 568,244
Contingent staffing
Revenue Initial Application Period Cumulative Effect Transition [Line Items]
Revenue from services	500,727
Human resource outsourcing
Revenue Initial Application Period Cumulative Effect Transition [Line Items]
Revenue from services	53,661
PeopleReady
Revenue Initial Application Period Cumulative Effect Transition [Line Items]
Revenue from services	316,835	332,624
PeopleReady | Contingent staffing
Revenue Initial Application Period Cumulative Effect Transition [Line Items]
Revenue from services	316,835
PeopleReady | Human resource outsourcing
Revenue Initial Application Period Cumulative Effect Transition [Line Items]
Revenue from services	0
PeopleManagement
Revenue Initial Application Period Cumulative Effect Transition [Line Items]
Revenue from services	183,892	191,686
PeopleManagement | Contingent staffing
Revenue Initial Application Period Cumulative Effect Transition [Line Items]
Revenue from services	183,892
PeopleManagement | Human resource outsourcing
Revenue Initial Application Period Cumulative Effect Transition [Line Items]
Revenue from services	0
PeopleScout
Revenue Initial Application Period Cumulative Effect Transition [Line Items]
Revenue from services	53,661	$ 43,934
PeopleScout | Contingent staffing
Revenue Initial Application Period Cumulative Effect Transition [Line Items]
Revenue from services	0
PeopleScout | Human resource outsourcing
Revenue Initial Application Period Cumulative Effect Transition [Line Items]
Revenue from services	$ 53,661

DIVESTITURE (Divestiture) (Deta

DIVESTITURE (Divestiture) (Details) - USD ($) $ in Thousands	1 Months Ended	3 Months Ended
	Mar. 31, 2018	Apr. 01, 2018	Apr. 02, 2017
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Divestiture of business		$ 8,500	$ 0
Divestiture non-cash consideration		1,957	0
Revenue from services		554,388	$ 568,244
PlaneTechs
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Divestiture, amount of consideration received	$ 11,400
Divestiture of business	8,500
Divestiture non-cash consideration	$ 1,600
Gain on disposition of assets		1,400
Revenue from services		$ 8,000

FAIR VALUE MEASUREMENT (Details

FAIR VALUE MEASUREMENT (Details) - USD ($) $ in Thousands	Apr. 01, 2018	Dec. 31, 2017	Apr. 02, 2017	Jan. 01, 2017
Fair Value Measurement [Line Items]
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents	$ 79,054	$ 73,831	$ 80,439	$ 103,222
Deferred compensation mutual funds	24,093	22,428
Restricted investments classified as held-to-maturity	164,446	172,238
Total Fair Value
Fair Value Measurement [Line Items]
Cash and cash equivalents	26,636	28,780
Total Fair Value | Restricted Assets
Fair Value Measurement [Line Items]
Restricted cash and cash equivalents	52,418	45,051
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents	79,054	73,831
Deferred compensation mutual funds	24,093	22,428
Restricted investments classified as held-to-maturity	164,446	172,238
Quoted Prices in Active Markets for Identical Assets (Level 1)
Fair Value Measurement [Line Items]
Cash and cash equivalents	26,636	28,780
Quoted Prices in Active Markets for Identical Assets (Level 1) | Restricted Assets
Fair Value Measurement [Line Items]
Restricted cash and cash equivalents	52,418	45,051
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents	79,054	73,831
Deferred compensation mutual funds	24,093	22,428
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
Deferred compensation mutual funds	0	0
Restricted investments classified as held-to-maturity	164,446	172,238
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
Deferred compensation mutual funds	0	0
Restricted investments classified as held-to-maturity	$ 0	$ 0

FAIR VALUE MEASUREMENT Changes

FAIR VALUE MEASUREMENT Changes in Fair Value of Recurring Fair Value Measurements Using Significant Unobservable Inputs (Level 3) (Details) - USD ($) $ in Thousands	Apr. 01, 2018	Dec. 31, 2017	Apr. 02, 2017	Jan. 01, 2017
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Cash, cash equivalents and restricted cash	$ 79,054	$ 73,831	$ 80,439	$ 103,222
Deferred compensation mutual funds	24,093	22,428
Held-to-maturity Securities, Fair Value	164,446	172,238
Total Fair Value
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Cash and cash equivalents	26,636	28,780
Significant Unobservable Inputs (Level 3)
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Cash and cash equivalents	0	0
Significant Other Observable Inputs (Level 2)
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Cash and cash equivalents	0	0
Quoted Prices in Active Markets for Identical Assets (Level 1)
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Cash and cash equivalents	26,636	28,780
Restricted Assets | Total Fair Value
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Restricted cash and cash equivalents	52,418	45,051
Cash, cash equivalents and restricted cash	79,054	73,831
Deferred compensation mutual funds	24,093	22,428
Held-to-maturity Securities, Fair Value	164,446	172,238
Restricted Assets | Significant Unobservable Inputs (Level 3)
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Restricted cash and cash equivalents	0	0
Cash, cash equivalents and restricted cash	0	0
Deferred compensation mutual funds	0	0
Held-to-maturity Securities, Fair Value	0	0
Restricted Assets | Significant Other Observable Inputs (Level 2)
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Restricted cash and cash equivalents	0	0
Cash, cash equivalents and restricted cash	0	0
Deferred compensation mutual funds	0	0
Held-to-maturity Securities, Fair Value	164,446	172,238
Restricted Assets | Quoted Prices in Active Markets for Identical Assets (Level 1)
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Restricted cash and cash equivalents	52,418	45,051
Cash, cash equivalents and restricted cash	79,054	73,831
Deferred compensation mutual funds	24,093	22,428
Held-to-maturity Securities, Fair Value	0	0
Municipal debt securities
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Held-to-maturity Securities, Fair Value	78,643	83,366
Municipal debt securities | Restricted Assets | Total Fair Value
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Held-to-maturity Securities, Fair Value	78,643	83,366
Municipal debt securities | Restricted Assets | Significant Unobservable Inputs (Level 3)
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Held-to-maturity Securities, Fair Value	0	0
Municipal debt securities | Restricted Assets | Significant Other Observable Inputs (Level 2)
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Held-to-maturity Securities, Fair Value	78,643	83,366
Municipal debt securities | Restricted Assets | Quoted Prices in Active Markets for Identical Assets (Level 1)
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Held-to-maturity Securities, Fair Value	0	0
Corporate debt securities
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Held-to-maturity Securities, Fair Value	81,182	83,791
Corporate debt securities | Restricted Assets | Total Fair Value
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Held-to-maturity Securities, Fair Value	81,182	83,791
Corporate debt securities | Restricted Assets | Significant Unobservable Inputs (Level 3)
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Held-to-maturity Securities, Fair Value	0	0
Corporate debt securities | Restricted Assets | Significant Other Observable Inputs (Level 2)
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Held-to-maturity Securities, Fair Value	81,182	83,791
Corporate debt securities | Restricted Assets | Quoted Prices in Active Markets for Identical Assets (Level 1)
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Held-to-maturity Securities, Fair Value	0	0
Agency mortgage-backed securities
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Held-to-maturity Securities, Fair Value	3,630	4,062
Agency mortgage-backed securities | Restricted Assets | Total Fair Value
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Held-to-maturity Securities, Fair Value	3,630	4,062
Agency mortgage-backed securities | Restricted Assets | Significant Unobservable Inputs (Level 3)
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Held-to-maturity Securities, Fair Value	0	0
Agency mortgage-backed securities | Restricted Assets | Significant Other Observable Inputs (Level 2)
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Held-to-maturity Securities, Fair Value	3,630	4,062
Agency mortgage-backed securities | Restricted Assets | Quoted Prices in Active Markets for Identical Assets (Level 1)
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Held-to-maturity Securities, Fair Value	0	0
U.S. government and agency securities
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Held-to-maturity Securities, Fair Value	991	1,019
U.S. government and agency securities | Restricted Assets | Total Fair Value
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Held-to-maturity Securities, Fair Value	991	1,019
U.S. government and agency securities | Restricted Assets | Significant Unobservable Inputs (Level 3)
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Held-to-maturity Securities, Fair Value	0	0
U.S. government and agency securities | Restricted Assets | Significant Other Observable Inputs (Level 2)
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Held-to-maturity Securities, Fair Value	991	1,019
U.S. government and agency securities | Restricted Assets | Quoted Prices in Active Markets for Identical Assets (Level 1)
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Held-to-maturity Securities, Fair Value	$ 0	$ 0

RESTRICTED CASH AND INVESTMEN34

RESTRICTED CASH AND INVESTMENTS (Details) $ in Thousands	3 Months Ended	12 Months Ended
	Apr. 01, 2018USD ($)security	Dec. 31, 2017USD ($)security
Restricted Cash and Investments [Line Items]
Cash collateral held by insurance carriers	$ 23,035	$ 22,926
Cash and cash equivalents held in Trust	28,981	16,113
Investments held in Trust	166,255	171,752
Deferred compensation mutual funds	24,093	22,428
Other restricted cash and cash equivalents	402	6,012
Restricted cash and investments	242,766	239,231
Held-to-maturity Securities, Reconciliation to Fair Value [Abstract]
Gross Unrealized Gain	294	1,324
Gross Unrealized Loss	(2,103)	(838)
Fair Value	164,446	172,238
Estimated fair value
Less than 12 months	111,332	73,392
12 months or more	20,153	20,600
Total	131,485	93,992
Unrealized losses
Less than 12 months	(1,409)	(445)
12 months or more	(694)	(393)
Total	$ (2,103)	$ (838)
Securities in unrealized loss positions, number of positions | security	112	83
Held-to-maturity Securities, Investment Maturities, Fair Value [Abstract]
Fair Value	$ 164,446	$ 172,238
Municipal debt securities
Restricted Cash and Investments [Line Items]
Investments held in Trust	79,291	82,770
Held-to-maturity Securities, Reconciliation to Fair Value [Abstract]
Gross Unrealized Gain	262	974
Gross Unrealized Loss	(910)	(378)
Fair Value	78,643	83,366
Estimated fair value
Less than 12 months	42,461	23,078
12 months or more	9,369	9,631
Total	51,830	32,709
Unrealized losses
Less than 12 months	(452)	(124)
12 months or more	(458)	(254)
Total	(910)	(378)
Held-to-maturity Securities, Investment Maturities, Fair Value [Abstract]
Fair Value	78,643	83,366
Corporate debt securities
Restricted Cash and Investments [Line Items]
Investments held in Trust	82,302	83,916
Held-to-maturity Securities, Reconciliation to Fair Value [Abstract]
Gross Unrealized Gain	20	309
Gross Unrealized Loss	(1,140)	(434)
Fair Value	81,182	83,791
Estimated fair value
Less than 12 months	66,664	48,952
12 months or more	9,982	10,081
Total	76,646	59,033
Unrealized losses
Less than 12 months	(927)	(311)
12 months or more	(213)	(123)
Total	(1,140)	(434)
Held-to-maturity Securities, Investment Maturities, Fair Value [Abstract]
Fair Value	81,182	83,791
Agency mortgage-backed securities
Restricted Cash and Investments [Line Items]
Investments held in Trust	3,663	4,066
Held-to-maturity Securities, Reconciliation to Fair Value [Abstract]
Gross Unrealized Gain	12	22
Gross Unrealized Loss	(45)	(26)
Fair Value	3,630	4,062
Estimated fair value
Less than 12 months	1,216	1,362
12 months or more	802	888
Total	2,018	2,250
Unrealized losses
Less than 12 months	(22)	(10)
12 months or more	(23)	(16)
Total	(45)	(26)
Held-to-maturity Securities, Investment Maturities, Fair Value [Abstract]
Fair Value	3,630	4,062
U.S. government and agency securities
Restricted Cash and Investments [Line Items]
Investments held in Trust	999	1,000
Held-to-maturity Securities, Reconciliation to Fair Value [Abstract]
Gross Unrealized Gain	0	19
Gross Unrealized Loss	(8)	0
Fair Value	991	1,019
Estimated fair value
Less than 12 months	991
12 months or more	0
Total	991
Unrealized losses
Less than 12 months	(8)
12 months or more	0
Total	(8)
Held-to-maturity Securities, Investment Maturities, Fair Value [Abstract]
Fair Value	991	$ 1,019
Restricted Cash and Investments [Member]
Restricted Cash and Investments [Line Items]
Investments held in Trust	166,255
Held-to-maturity Securities, Reconciliation to Fair Value [Abstract]
Fair Value	164,446
Held-to-maturity Securities, Investment Maturities, Amortized Cost [Abstract]
Due in one year or less	17,960
Due after one year through five years	86,743
Due after five years through ten years	61,552
Held-to-maturity Securities, Investment Maturities, Fair Value [Abstract]
Due in one year or less	17,892
Due after one year through five years	85,910
Due after five years through ten years	60,644
Fair Value	$ 164,446

- Changes in Carrying Amount of

- Changes in Carrying Amount of Goodwill (Details) - USD ($) $ in Thousands	3 Months Ended
	Apr. 01, 2018	Dec. 31, 2017
Goodwill [Line Items]
Goodwill before impairment	$ 319,178	$ 338,773
Accumulated impairment loss	(95,079)	(112,079)
Goodwill, net	224,099	226,694
Divested goodwill before impairment	(19,054)
Divested accumulated impairment loss	17,000
Foreign currency translation	(541)
PeopleReady
Goodwill [Line Items]
Goodwill before impairment	106,304	106,304
Accumulated impairment loss	(46,210)	(46,210)
Goodwill, net	60,094	60,094
PeopleManagement
Goodwill [Line Items]
Goodwill before impairment	81,092	100,146
Accumulated impairment loss	(33,700)	(50,700)
Goodwill, net	47,392	49,446
Divested goodwill before impairment	(19,054)
Divested accumulated impairment loss	17,000
PeopleScout
Goodwill [Line Items]
Goodwill before impairment	131,782	132,323
Accumulated impairment loss	(15,169)	(15,169)
Goodwill, net	116,613	$ 117,154
Foreign currency translation	$ (541)

WORKERS' COMPENSATION INSURAN36

WORKERS' COMPENSATION INSURANCE AND RESERVES - Reconciliation of Workers' Compensation Claims Reserve (Details) - USD ($) $ in Thousands	Apr. 01, 2018	Dec. 31, 2017
Workers' Compensation Insurance and Reserves [Abstract]
Undiscounted workers’ compensation reserve	$ 288,942	$ 293,600
Less discount on workers’ compensation reserve	19,198	19,277
Workers' compensation reserve, net of discount	269,744	274,323
Less current portion	75,692	77,218
Long-term portion	$ 194,052	$ 197,105

WORKERS' COMPENSATION INSURAN37

WORKERS' COMPENSATION INSURANCE AND RESERVES - Narrative (Details) - USD ($) $ in Millions	3 Months Ended		12 Months Ended
	Apr. 01, 2018	Apr. 02, 2017	Dec. 31, 2017
Workers' Compensation Deductible Limit [Line Items]
Workers' compensation claim deductible limit	$ 2
Weighted average period - claim payments below deductible limit	5 years
Payments made against self-insured claims	$ 17.2	$ 15.9
Weighted average period - claim payments and receivables above deductible limit	15 years
Excess claims	$ 48.5		$ 48.8
Workers' compensation claim receivables net of valuation allowance	44.6		$ 45
Workers' compensation expense	$ 16.6	$ 19.8
Below limit
Workers' Compensation Deductible Limit [Line Items]
Weighted average rate	1.90%		1.80%
Above Limit [Member] [Domain]
Workers' Compensation Deductible Limit [Line Items]
Weighted average rate	2.50%		2.51%

COMMITMENTS AND CONTINGENCIES -

COMMITMENTS AND CONTINGENCIES - Workers' Compensation Commitments (Details) - USD ($) $ in Thousands	3 Months Ended
	Apr. 01, 2018	Dec. 31, 2017
Workers' Compensation Commitments [Line Items]
Cash collateral held by workers’ compensation insurance carriers	$ 22,255	$ 22,148
Cash and cash equivalents held in Trust	28,981	16,113
Investments held in Trust	166,255	171,752
Letters of credit	7,748	7,748
Surety bonds	22,014	19,829
Total collateral commitments	$ 247,253	$ 237,590
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

INCOME TAXES - Narrative (Deta

INCOME TAXES - Narrative (Details)	3 Months Ended
	Apr. 01, 2018
Income Tax Disclosure [Abstract]
Effective income tax rate reconciliation, percent	9.00%
Income tax expense (benefit) based on statutory rate	21.00%

NET INCOME (LOSS) PER SHARE (De

NET INCOME (LOSS) PER SHARE (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended
	Apr. 01, 2018	Apr. 02, 2017
Earnings Per Share [Abstract]
Net income	$ 8,755	$ 4,674
Weighted average number of common shares used in basic net income per common share	40,443	41,637
Dilutive effect of non-vested restricted stock	251	300
Weighted average number of common shares used in diluted net income per common share	40,694	41,937
Net income per common share:
Basic (in dollars per share)	$ 0.22	$ 0.11
Diluted (in dollars per share)	$ 0.22	$ 0.11
Anti-dilutive shares	548	159

ACCUMULATED OTHER COMPREHENSI41

ACCUMULATED OTHER COMPREHENSIVE LOSS (Details) - USD ($) $ in Thousands	3 Months Ended
	Apr. 01, 2018	Apr. 02, 2017
Accumulated Other Comprehensive Loss, Net of Tax [Roll Forward]
Balance at beginning of period	$ (6,804)	$ (11,433)
Cumulative Effect on Retained Earnings, Net of Tax	(1,525)	0
Total other comprehensive income (loss), net of tax	(1,384)	2,537
Balance at end of period	(9,713)	(8,896)
Foreign currency translation adjustment
Accumulated Other Comprehensive Loss, Net of Tax [Roll Forward]
Balance at beginning of period	(8,329)	(11,684)
Foreign currency translation adjustment, net of tax	(1,384)	1,800
Cumulative Effect on Retained Earnings, Net of Tax	0	0
Balance at end of period	(9,713)	(9,884)
Unrealized gain (loss) on marketable securities
Accumulated Other Comprehensive Loss, Net of Tax [Roll Forward]
Balance at beginning of period	1,525	251
Unrealized gain (loss) on investments, net of tax	0	737
Cumulative Effect on Retained Earnings, Net of Tax	(1,525)	0
Balance at end of period	$ 0	$ 988

SEGMENT INFORMATION (Details)

SEGMENT INFORMATION (Details) - USD ($) $ in Thousands	3 Months Ended
	Apr. 01, 2018	Apr. 02, 2017
Segment Reporting Information [Line Items]
Revenue	$ 554,388	$ 568,244
Segment profit	27,079	24,192
Corporate unallocated	(7,664)	(6,335)
Work Opportunity Tax Credit processing fees	(195)	(272)
Cloud-based software implementation costs	(1,715)	0
Depreciation and amortization	(10,090)	(11,174)
Income from operations	7,415	6,411
Interest and other income (expense), net	2,204	74
Income before tax expense	9,619	6,485
PeopleReady
Segment Reporting Information [Line Items]
Revenue	316,835	332,624
Segment profit	9,525	9,994
PeopleManagement
Segment Reporting Information [Line Items]
Revenue	183,892	191,686
Segment profit	5,649	5,533
PeopleScout
Segment Reporting Information [Line Items]
Revenue	53,661	43,934
Segment profit	11,905	$ 8,665
Contingent staffing
Segment Reporting Information [Line Items]
Revenue	500,727
Contingent staffing | PeopleReady
Segment Reporting Information [Line Items]
Revenue	316,835
Contingent staffing | PeopleManagement
Segment Reporting Information [Line Items]
Revenue	183,892
Contingent staffing | PeopleScout
Segment Reporting Information [Line Items]
Revenue	0
Human resource outsourcing
Segment Reporting Information [Line Items]
Revenue	53,661
Human resource outsourcing | PeopleReady
Segment Reporting Information [Line Items]
Revenue	0
Human resource outsourcing | PeopleManagement
Segment Reporting Information [Line Items]
Revenue	0
Human resource outsourcing | PeopleScout
Segment Reporting Information [Line Items]
Revenue	$ 53,661