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BBSI > SEC Filings for BBSI > Form 8-K on 23-Jul-2009All Recent SEC Filings

Show all filings for BARRETT BUSINESS SERVICES INC | Request a Trial to NEW EDGAR Online Pro

Form 8-K for BARRETT BUSINESS SERVICES INC


23-Jul-2009

Results of Operations and Financial Condition, Financial Statements


Item 2.02. Results of Operations and Financial Condition.

On July 22, 2009, Barrett Business Services, Inc. (the "Company"), issued a news release announcing that it expects to record an increase to its workers' compensation reserve of approximately $11.8 million pre-tax, or $7.4 million after tax equating to approximately $.72 per share, in the 2009 second quarter as a result of management's change in estimate of the ultimate cost of the Company's self-insured workers' compensation claim liabilities related to prior year injury claims. Approximately $8.4 million, or 71%, of the increase relates to 2005 and 2006 injury claims. Loss per diluted share, after taking into account the effect of the increase in the workers' compensation reserve, is expected to range from $.65 to $.66. A copy of the news release is furnished as Exhibit 99.1 to this report and incorporated by reference.



Item 9.01. Financial Statements and Exhibits.

(d) Exhibits: The following exhibit is furnished with this Form 8-K:

99.1 News Release dated July 22, 2009.

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