| Segment Information |
Segment Information
The table below provides certain financial information for each of our business segments.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended June 30, |
|
Nine Months Ended June 30, |
(dollars in thousands) |
|
2016 |
|
% (1) |
|
2015 |
|
% (1) |
|
2016 |
|
% (1) |
|
2015 |
|
% (1) |
Revenue: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Health Services |
|
$ |
333,699 |
|
|
100 |
% |
|
$ |
298,549 |
|
|
100 |
% |
|
$ |
956,169 |
|
|
100 |
% |
|
$ |
813,037 |
|
|
100 |
% |
U.S. Federal Services |
|
149,601 |
|
|
100 |
% |
|
141,011 |
|
|
100 |
% |
|
445,077 |
|
|
100 |
% |
|
348,205 |
|
|
100 |
% |
Human Services |
|
133,794 |
|
|
100 |
% |
|
132,741 |
|
|
100 |
% |
|
379,023 |
|
|
100 |
% |
|
359,896 |
|
|
100 |
% |
Total |
|
$ |
617,094 |
|
|
100 |
% |
|
$ |
572,301 |
|
|
100 |
% |
|
$ |
1,780,269 |
|
|
100 |
% |
|
$ |
1,521,138 |
|
|
100 |
% |
Gross profit: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Health Services |
|
$ |
76,775 |
|
|
23.0 |
% |
|
$ |
69,813 |
|
|
23.4 |
% |
|
$ |
211,464 |
|
|
22.1 |
% |
|
$ |
199,533 |
|
|
24.5 |
% |
U.S. Federal Services |
|
38,980 |
|
|
26.1 |
% |
|
34,780 |
|
|
24.7 |
% |
|
100,639 |
|
|
22.6 |
% |
|
82,362 |
|
|
23.7 |
% |
Human Services |
|
35,624 |
|
|
26.6 |
% |
|
39,205 |
|
|
29.5 |
% |
|
97,158 |
|
|
25.6 |
% |
|
105,515 |
|
|
29.3 |
% |
Total |
|
$ |
151,379 |
|
|
24.5 |
% |
|
$ |
143,798 |
|
|
25.1 |
% |
|
$ |
409,261 |
|
|
23.0 |
% |
|
$ |
387,410 |
|
|
25.5 |
% |
Selling, general and administrative expense: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Health Services |
|
$ |
26,345 |
|
|
7.9 |
% |
|
$ |
25,343 |
|
|
8.5 |
% |
|
$ |
77,312 |
|
|
8.1 |
% |
|
$ |
75,747 |
|
|
9.3 |
% |
U.S. Federal Services |
|
19,861 |
|
|
13.3 |
% |
|
19,244 |
|
|
13.6 |
% |
|
55,821 |
|
|
12.5 |
% |
|
43,871 |
|
|
12.6 |
% |
Human Services |
|
21,373 |
|
|
16.0 |
% |
|
22,402 |
|
|
16.9 |
% |
|
64,006 |
|
|
16.9 |
% |
|
58,624 |
|
|
16.3 |
% |
Other (2) |
|
2,127 |
|
|
NM |
|
|
8 |
|
|
NM |
|
|
2,777 |
|
|
NM |
|
|
108 |
|
|
NM |
|
Total |
|
$ |
69,706 |
|
|
11.3 |
% |
|
$ |
66,997 |
|
|
11.7 |
% |
|
$ |
199,916 |
|
|
11.2 |
% |
|
$ |
178,350 |
|
|
11.7 |
% |
Operating income: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Health Services |
|
$ |
50,430 |
|
|
15.1 |
% |
|
$ |
44,470 |
|
|
14.9 |
% |
|
$ |
134,152 |
|
|
14.0 |
% |
|
$ |
123,786 |
|
|
15.2 |
% |
U.S. Federal Services |
|
19,119 |
|
|
12.8 |
% |
|
15,536 |
|
|
11.0 |
% |
|
44,818 |
|
|
10.1 |
% |
|
38,491 |
|
|
11.1 |
% |
Human Services |
|
14,251 |
|
|
10.7 |
% |
|
16,803 |
|
|
12.7 |
% |
|
33,152 |
|
|
8.7 |
% |
|
46,891 |
|
|
13.0 |
% |
Amortization of intangible assets |
|
(3,517 |
) |
|
NM |
|
|
(3,275 |
) |
|
NM |
|
|
(9,928 |
) |
|
NM |
|
|
(6,182 |
) |
|
NM |
|
Acquisition-related expenses (3) |
|
— |
|
|
NM |
|
|
(2,459 |
) |
|
NM |
|
|
(575 |
) |
|
NM |
|
|
(4,573 |
) |
|
NM |
|
Gain on sale of a business |
|
6,453 |
|
|
NM |
|
|
— |
|
|
NM |
|
|
6,453 |
|
|
NM |
|
|
— |
|
|
NM |
|
Other (2) |
|
(2,127 |
) |
|
NM |
|
|
(8 |
) |
|
NM |
|
|
(2,777 |
) |
|
NM |
|
|
(108 |
) |
|
NM |
|
Total |
|
$ |
84,609 |
|
|
13.7 |
% |
|
$ |
71,067 |
|
|
12.4 |
% |
|
$ |
205,295 |
|
|
11.5 |
% |
|
$ |
198,305 |
|
|
13.0 |
% |
(1) Percentage of respective segment revenue. Percentages not considered meaningful are marked “NM.”
|
|
(2)
|
During the three and nine months ended June 30, 2016, we incurred $2.1 million and $2.8 million, respectively, of legal costs related to a matter that occurred in fiscal year 2014, which is classified in Other SG&A expense.
|
|
|
(3) |
Acquisition-related expenses are costs directly incurred from the purchases of Ascend Management Innovations, LLC (Ascend) and Assessments Australia in fiscal year 2016 and the purchase of Acentia in fiscal year 2015, as well as other transaction-related activity. Refer to Note 4 for details regarding the acquisitions. |
|