Annual report pursuant to Section 13 and 15(d)

Workers Compensation (Tables)

v3.19.3.a.u2
Workers Compensation (Tables)
12 Months Ended
Aug. 31, 2019
Workers Compensation (Tables)  
Summarizes of workers' compensation deposit

 

 

Everest

Program

 

SUNZ

 Program

 

Total

 

Workers’ Comp Deposit at August 31, 2017

 

$

2,335,000

 

-

 

$

2,335,000

 

Premiums paid

 

(819,000

)

 

-

 

(819,000

)

Paid in deposits

 

-

 

2,386,000

 

2,386,000

 

Claim losses

 

-

 

(28,000

)

 

(28,000

)

Workers’ Comp Deposit at August 31, 2018

 

$

1,516,000

 

2,358,000

 

$

3,874,000

 

Premiums paid

 

(144,000

)

 

-

 

(144,000

)

Paid in deposits

 

-

 

7,730,000

 

7,730,000

 

Claim losses

 

(149,000

)

 

(1,850,000

)

 

(1,999,000

)

Deposit refund

 

(1,223,000

)

 

-

 

(1,223,000

)

Workers’ Comp Deposit at August 31, 2019

 

$

-

 

8,238,000

 

$

8,238,000

 

Less Current Amount

 

-

 

(1,957,000

)

 

(1,957,000

)

Long Term Balance at August 31, 2019

 

$

-

 

6,281,000

 

$

6,281,000

 

Summarizes the accrued workers' compensation liability

 

 

Everest

Program

 

SUNZ

Program

 

Total

 

Workers’ Comp Liability at August 31, 2017

 

-

 

-

 

-

 

Claim loss development

 

$

572,000

 

662,000

 

$

1,234,000

 

Paid in losses

 

-

 

(28,000

)

 

(28,000

)

Workers’ Comp Liability at August 31, 2018

 

$

572,000

 

634,000

 

$

1,206,000

 

Claim loss development

 

-

 

7,129,000

 

7,129,000

 

Paid in losses

 

(149,000

)

 

(1,850,000

)

 

(1,999,000

)

Workers’ Comp Liability at August 31, 2019

 

$

423,000

 

5,913,000

 

$

6,336,000

 

Less Current Amount

 

(159,000

)

 

(1,798,000

)

 

(1,957,000

)

Long Term Balance at August 31, 2019

 

$

264,000

 

4,115,000

 

$

4,379,000