| Segment Information |
Segment Information
The table below provides certain financial information for each of our business segments.
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Three Months Ended June 30, |
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Nine Months Ended June 30, |
(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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$ |
359,050 |
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100 |
% |
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$ |
335,090 |
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100 |
% |
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$ |
1,076,773 |
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100 |
% |
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$ |
1,024,813 |
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100 |
% |
U.S. Federal Services |
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112,226 |
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100 |
% |
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131,589 |
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100 |
% |
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361,536 |
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100 |
% |
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418,257 |
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100 |
% |
Human Services |
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126,579 |
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100 |
% |
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133,768 |
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100 |
% |
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395,481 |
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100 |
% |
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386,988 |
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100 |
% |
Total |
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$ |
597,855 |
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100 |
% |
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$ |
600,447 |
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100 |
% |
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$ |
1,833,790 |
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100 |
% |
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$ |
1,830,058 |
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100 |
% |
Gross profit: |
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Health Services |
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$ |
97,254 |
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27.1 |
% |
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$ |
83,269 |
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24.8 |
% |
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$ |
286,517 |
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26.6 |
% |
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$ |
247,957 |
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24.2 |
% |
U.S. Federal Services |
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32,276 |
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28.8 |
% |
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33,627 |
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25.6 |
% |
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93,008 |
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25.7 |
% |
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107,774 |
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25.8 |
% |
Human Services |
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25,154 |
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19.9 |
% |
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35,293 |
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26.4 |
% |
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75,922 |
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19.2 |
% |
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93,593 |
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24.2 |
% |
Total |
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$ |
154,684 |
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25.9 |
% |
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$ |
152,189 |
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25.3 |
% |
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$ |
455,447 |
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24.8 |
% |
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$ |
449,324 |
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24.6 |
% |
Selling, general and administrative expense: |
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Health Services |
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$ |
33,472 |
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9.3 |
% |
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$ |
31,716 |
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9.5 |
% |
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$ |
102,078 |
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9.5 |
% |
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$ |
89,737 |
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8.8 |
% |
U.S. Federal Services |
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17,399 |
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15.5 |
% |
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17,757 |
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13.5 |
% |
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51,587 |
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14.3 |
% |
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56,379 |
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13.5 |
% |
Human Services |
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17,685 |
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14.0 |
% |
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18,925 |
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14.1 |
% |
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57,009 |
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14.4 |
% |
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55,827 |
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14.4 |
% |
Other (4) |
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1,032 |
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NM |
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(90 |
) |
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NM |
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1,032 |
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NM |
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359 |
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NM |
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Total |
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$ |
69,588 |
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11.6 |
% |
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$ |
68,308 |
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11.4 |
% |
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$ |
211,706 |
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11.5 |
% |
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$ |
202,302 |
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11.1 |
% |
Operating income: |
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Health Services |
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$ |
63,782 |
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17.8 |
% |
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$ |
51,553 |
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15.4 |
% |
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$ |
184,439 |
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17.1 |
% |
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$ |
158,220 |
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15.4 |
% |
U.S. Federal Services |
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14,877 |
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13.3 |
% |
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15,870 |
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12.1 |
% |
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41,421 |
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11.5 |
% |
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51,395 |
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12.3 |
% |
Human Services |
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7,469 |
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5.9 |
% |
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16,368 |
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12.2 |
% |
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18,913 |
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4.8 |
% |
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37,766 |
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9.8 |
% |
Amortization of intangible assets |
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(2,525 |
) |
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NM |
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(2,720 |
) |
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NM |
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(7,846 |
) |
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NM |
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(9,508 |
) |
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NM |
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Restructuring costs (2) |
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— |
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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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Gain on sale of a business (3) |
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— |
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NM |
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650 |
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NM |
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— |
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NM |
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650 |
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NM |
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Other (4) |
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(1,032 |
) |
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NM |
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90 |
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NM |
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(1,032 |
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NM |
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(359 |
) |
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NM |
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Total |
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$ |
82,571 |
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13.8 |
% |
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$ |
81,811 |
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13.6 |
% |
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$ |
233,575 |
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12.7 |
% |
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$ |
235,922 |
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12.9 |
% |
(1) Percentage of respective segment revenue. Percentages not considered meaningful are marked “NM.”
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(2) |
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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(3) |
In May 2016, we sold our K-12 Education business. In June 2017, we finalized the sale price and recognized a corresponding gain on sale. |
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(4)
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Other costs and credits relate to selling, general and administrative expenses (SG&A) that do not relate directly to segment business activities. The majority of charges recorded in the periods above relate to two proposed disallowances by the Centers for Medicare and Medicaid Services. See "Note 5. Supplemental disclosures" for more information. |
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