| Segment Information |
Segment Information
The table below provides certain financial information for each of our business segments.
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Three Months Ended December 31, |
(Amounts in thousands) |
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2015 |
|
% (1) |
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2014 |
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% (1) |
Revenue: |
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Health Services |
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$ |
291,903 |
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|
100 |
% |
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$ |
243,570 |
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|
100 |
% |
U.S. Federal Services |
|
145,285 |
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|
100 |
% |
|
107,729 |
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|
100 |
% |
Human Services |
|
119,534 |
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|
100 |
% |
|
115,744 |
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|
100 |
% |
Total |
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$ |
556,722 |
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100 |
% |
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$ |
467,043 |
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|
100 |
% |
Gross profit: |
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Health Services |
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$ |
51,972 |
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17.8 |
% |
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$ |
59,847 |
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24.6 |
% |
U.S. Federal Services |
|
28,238 |
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19.4 |
% |
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25,568 |
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23.7 |
% |
Human Services |
|
30,005 |
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25.1 |
% |
|
33,852 |
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29.2 |
% |
Total |
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$ |
110,215 |
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19.8 |
% |
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$ |
119,267 |
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25.5 |
% |
Selling, general and administrative expense: |
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Health Services |
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$ |
25,164 |
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8.6 |
% |
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$ |
22,007 |
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9.0 |
% |
U.S. Federal Services |
|
17,522 |
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12.1 |
% |
|
12,250 |
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11.4 |
% |
Human Services |
|
20,898 |
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17.5 |
% |
|
17,700 |
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15.3 |
% |
Other |
|
650 |
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NM |
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5 |
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NM |
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Total |
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$ |
64,234 |
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11.5 |
% |
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$ |
51,962 |
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11.1 |
% |
Operating income: |
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Health Services |
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$ |
26,808 |
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9.2 |
% |
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$ |
37,840 |
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15.5 |
% |
U.S. Federal Services |
|
10,716 |
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7.4 |
% |
|
13,318 |
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12.4 |
% |
Human Services |
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9,107 |
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7.6 |
% |
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16,152 |
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14.0 |
% |
Amortization of intangible assets |
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(3,149 |
) |
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NM |
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(1,474 |
) |
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NM |
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Acquisition-related expenses (2) |
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(46 |
) |
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NM |
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(600 |
) |
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NM |
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Other |
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(650 |
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NM |
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(5 |
) |
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NM |
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Total |
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$ |
42,786 |
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7.7 |
% |
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$ |
65,231 |
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14.0 |
% |
(1) Percentage of respective segment revenue. Percentages not considered meaningful are marked “NM.”
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(2)
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Acquisition-related expenses are costs directly incurred from the purchase of Assessments Australia in the first quarter of fiscal year 2016 and the purchase of Acentia in fiscal year 2015, as well as other transaction-related activity. |
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