| Schedule of financial information for each of the Company's business segments |
The table below provides certain financial information for each of our business segments.
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Three Months Ended March 31, |
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Six Months Ended March 31, |
(dollars in thousands) |
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2018 |
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% (1) |
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2017 |
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% (1) |
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2018 |
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% (1) |
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2017 |
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% (1) |
Revenue: |
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Health Services |
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$ |
365,633 |
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|
100 |
% |
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$ |
348,994 |
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|
100 |
% |
|
$ |
717,723 |
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|
100 |
% |
|
$ |
689,723 |
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|
100 |
% |
U.S. Federal Services |
|
116,327 |
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100 |
% |
|
145,370 |
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100 |
% |
|
249,310 |
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100 |
% |
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286,668 |
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100 |
% |
Human Services |
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130,827 |
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100 |
% |
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127,683 |
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100 |
% |
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268,902 |
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100 |
% |
|
253,220 |
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100 |
% |
Total |
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$ |
612,787 |
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100 |
% |
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$ |
622,047 |
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100 |
% |
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$ |
1,235,935 |
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100 |
% |
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$ |
1,229,611 |
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100 |
% |
Gross profit: |
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Health Services |
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$ |
98,207 |
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26.9 |
% |
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$ |
86,454 |
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24.8 |
% |
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$ |
189,263 |
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26.4 |
% |
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$ |
164,688 |
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23.9 |
% |
U.S. Federal Services |
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27,374 |
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23.5 |
% |
|
36,571 |
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25.2 |
% |
|
60,732 |
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24.4 |
% |
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74,147 |
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25.9 |
% |
Human Services |
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23,222 |
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17.8 |
% |
|
29,292 |
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22.9 |
% |
|
50,768 |
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18.9 |
% |
|
58,300 |
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23.0 |
% |
Total |
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$ |
148,803 |
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24.3 |
% |
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$ |
152,317 |
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24.5 |
% |
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$ |
300,763 |
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24.3 |
% |
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$ |
297,135 |
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24.2 |
% |
Selling, general and administrative expense: |
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Health Services |
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$ |
35,190 |
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9.6 |
% |
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$ |
29,914 |
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8.6 |
% |
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$ |
68,606 |
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9.6 |
% |
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$ |
58,021 |
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8.4 |
% |
U.S. Federal Services |
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17,540 |
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15.1 |
% |
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18,927 |
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13.0 |
% |
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34,188 |
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13.7 |
% |
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38,622 |
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13.5 |
% |
Human Services |
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19,829 |
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15.2 |
% |
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19,663 |
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15.4 |
% |
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39,324 |
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14.6 |
% |
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36,902 |
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14.6 |
% |
Other (2) |
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— |
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NM |
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|
92 |
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NM |
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— |
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NM |
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|
449 |
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NM |
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Total |
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$ |
72,559 |
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11.8 |
% |
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$ |
68,596 |
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11.0 |
% |
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$ |
142,118 |
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11.5 |
% |
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$ |
133,994 |
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|
10.9 |
% |
Operating income: |
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Health Services |
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$ |
63,017 |
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17.2 |
% |
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$ |
56,540 |
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16.2 |
% |
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$ |
120,657 |
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16.8 |
% |
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$ |
106,667 |
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15.5 |
% |
U.S. Federal Services |
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9,834 |
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8.5 |
% |
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17,644 |
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12.1 |
% |
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26,544 |
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10.6 |
% |
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35,525 |
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12.4 |
% |
Human Services |
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3,393 |
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2.6 |
% |
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9,629 |
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7.5 |
% |
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11,444 |
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4.3 |
% |
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21,398 |
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8.5 |
% |
Amortization of intangible assets |
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(2,603 |
) |
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NM |
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(3,386 |
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NM |
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(5,321 |
) |
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NM |
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(6,788 |
) |
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NM |
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Restructuring costs (3) |
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(2,320 |
) |
|
NM |
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— |
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NM |
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(2,320 |
) |
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NM |
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(2,242 |
) |
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NM |
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Other (2) |
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— |
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NM |
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(92 |
) |
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NM |
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— |
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NM |
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(449 |
) |
|
NM |
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Total |
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$ |
71,321 |
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11.6 |
% |
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$ |
80,335 |
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12.9 |
% |
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$ |
151,004 |
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12.2 |
% |
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$ |
154,111 |
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12.5 |
% |
(1) Percentage of respective segment revenue. Percentages not considered meaningful are marked “NM.”
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(2)
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Other costs and credits relate to SG&A balances that do not relate directly to segment business activities. During the six months ended March 31, 2017 we incurred $0.4 million of legal costs pertaining to a matter which occurred in fiscal year 2009.
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(3) |
During fiscal years 2018 and 2017, we incurred costs in restructuring our United Kingdom Human Services business. See "Note 5. Supplemental disclosures" for more information. |
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