Quarterly report pursuant to Section 13 or 15(d)

Segment Information

v2.4.1.9
Segment Information
6 Months Ended
Mar. 31, 2015
Segment Information  
Segment Information

 

2. Segment Information

 

The table below provides certain financial information for each of our business segments. The presentation of segments has been updated from our presentation at prior year to show amortization of intangible assets separately and to reflect the transfer of a small business division from the Health Services Segment to the Human Services Segment.

 

 

 

Three Months Ended March 31,

 

Six Months Ended March 31,

 

(Amounts in thousands)

 

2015

 

% (1)

 

2014

 

% (1)

 

2015

 

% (1)

 

2014

 

% (1)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenue:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Health Services

 

$

370,383

 

100

%

$

323,598

 

100

%

$

721,682

 

100

%

$

622,182

 

100

%

Human Services

 

111,411

 

100

%

115,417

 

100

%

227,155

 

100

%

223,425

 

100

%

Total

 

481,794

 

100

%

439,015

 

100

%

948,837

 

100

%

845,607

 

100

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Gross Profit:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Health Services

 

91,887

 

24.8

%

84,868

 

26.2

%

177,302

 

24.6

%

161,374

 

25.9

%

Human Services

 

32,458

 

29.1

%

35,804

 

31.0

%

66,310

 

29.2

%

65,214

 

29.2

%

Total

 

124,345

 

25.8

%

120,672

 

27.5

%

243,612

 

25.7

%

226,588

 

26.8

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Selling, general, and administrative expense:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Health Services

 

40,774

 

11.0

%

35,133

 

10.9

%

75,031

 

10.4

%

69,308

 

11.1

%

Human Services

 

18,523

 

16.6

%

18,528

 

16.1

%

36,222

 

15.9

%

35,602

 

15.9

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other

 

95

 

NM

 

(37

)

NM

 

100

 

NM

 

(21

)

NM

 

Total

 

59,392

 

12.3

%

53,624

 

12.2

%

111,353

 

11.7

%

104,889

 

12.4

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating income:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Health Services

 

51,113

 

13.8

%

49,735

 

15.4

%

102,271

 

14.2

%

92,066

 

14.8

%

Human Services

 

13,935

 

12.5

%

17,276

 

15.0

%

30,088

 

13.2

%

29,612

 

13.3

%

Amortization of intangible assets

 

(1,432

)

NM

 

(1,468

)

NM

 

(2,907

)

NM

 

(2,823

)

NM

 

Acquisition-related expenses (2)

 

(1,514

)

NM

 

 

NM

 

(2,114

)

NM

 

 

NM

 

Legal and settlement expenses (3)

 

 

NM

 

(600

)

NM

 

 

NM

 

(600

)

NM

 

Other

 

(95

)

NM

 

37

 

NM

 

(100

)

NM

 

21

 

NM

 

Total

 

$

62,007

 

12.9

%

$

64,980

 

14.8

%

$

127,238

 

13.4

%

$

118,276

 

14.0

%

 

 

(1)

Percentage of respective segment revenue. Percentages not considered meaningful are marked “NM.”

(2)

Acquisition-related expenses are costs directly incurred from the purchases of Acentia and Remploy.

(3)

Legal and settlement expenses consist of costs related to significant legal settlements and non-routine legal matters, including future probable legal costs expected to be incurred in connection with those matters. Legal expenses incurred in the ordinary course of business are included in their respective operating segments.