| 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.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended June 30, |
|
Nine Months Ended June 30, |
(dollars in thousands) |
|
2018 |
|
% (1) |
|
2017 |
|
% (1) |
|
2018 |
|
% (1) |
|
2017 |
|
% (1) |
Revenue: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Health Services |
|
$ |
359,050 |
|
|
100 |
% |
|
$ |
335,090 |
|
|
100 |
% |
|
$ |
1,076,773 |
|
|
100 |
% |
|
$ |
1,024,813 |
|
|
100 |
% |
U.S. Federal Services |
|
112,226 |
|
|
100 |
% |
|
131,589 |
|
|
100 |
% |
|
361,536 |
|
|
100 |
% |
|
418,257 |
|
|
100 |
% |
Human Services |
|
126,579 |
|
|
100 |
% |
|
133,768 |
|
|
100 |
% |
|
395,481 |
|
|
100 |
% |
|
386,988 |
|
|
100 |
% |
Total |
|
$ |
597,855 |
|
|
100 |
% |
|
$ |
600,447 |
|
|
100 |
% |
|
$ |
1,833,790 |
|
|
100 |
% |
|
$ |
1,830,058 |
|
|
100 |
% |
Gross profit: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Health Services |
|
$ |
97,254 |
|
|
27.1 |
% |
|
$ |
83,269 |
|
|
24.8 |
% |
|
$ |
286,517 |
|
|
26.6 |
% |
|
$ |
247,957 |
|
|
24.2 |
% |
U.S. Federal Services |
|
32,276 |
|
|
28.8 |
% |
|
33,627 |
|
|
25.6 |
% |
|
93,008 |
|
|
25.7 |
% |
|
107,774 |
|
|
25.8 |
% |
Human Services |
|
25,154 |
|
|
19.9 |
% |
|
35,293 |
|
|
26.4 |
% |
|
75,922 |
|
|
19.2 |
% |
|
93,593 |
|
|
24.2 |
% |
Total |
|
$ |
154,684 |
|
|
25.9 |
% |
|
$ |
152,189 |
|
|
25.3 |
% |
|
$ |
455,447 |
|
|
24.8 |
% |
|
$ |
449,324 |
|
|
24.6 |
% |
Selling, general and administrative expense: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Health Services |
|
$ |
33,472 |
|
|
9.3 |
% |
|
$ |
31,716 |
|
|
9.5 |
% |
|
$ |
102,078 |
|
|
9.5 |
% |
|
$ |
89,737 |
|
|
8.8 |
% |
U.S. Federal Services |
|
17,399 |
|
|
15.5 |
% |
|
17,757 |
|
|
13.5 |
% |
|
51,587 |
|
|
14.3 |
% |
|
56,379 |
|
|
13.5 |
% |
Human Services |
|
17,685 |
|
|
14.0 |
% |
|
18,925 |
|
|
14.1 |
% |
|
57,009 |
|
|
14.4 |
% |
|
55,827 |
|
|
14.4 |
% |
Other (4) |
|
1,032 |
|
|
NM |
|
|
(90 |
) |
|
NM |
|
|
1,032 |
|
|
NM |
|
|
359 |
|
|
NM |
|
Total |
|
$ |
69,588 |
|
|
11.6 |
% |
|
$ |
68,308 |
|
|
11.4 |
% |
|
$ |
211,706 |
|
|
11.5 |
% |
|
$ |
202,302 |
|
|
11.1 |
% |
Operating income: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Health Services |
|
$ |
63,782 |
|
|
17.8 |
% |
|
$ |
51,553 |
|
|
15.4 |
% |
|
$ |
184,439 |
|
|
17.1 |
% |
|
$ |
158,220 |
|
|
15.4 |
% |
U.S. Federal Services |
|
14,877 |
|
|
13.3 |
% |
|
15,870 |
|
|
12.1 |
% |
|
41,421 |
|
|
11.5 |
% |
|
51,395 |
|
|
12.3 |
% |
Human Services |
|
7,469 |
|
|
5.9 |
% |
|
16,368 |
|
|
12.2 |
% |
|
18,913 |
|
|
4.8 |
% |
|
37,766 |
|
|
9.8 |
% |
Amortization of intangible assets |
|
(2,525 |
) |
|
NM |
|
|
(2,720 |
) |
|
NM |
|
|
(7,846 |
) |
|
NM |
|
|
(9,508 |
) |
|
NM |
|
Restructuring costs (2) |
|
— |
|
|
NM |
|
|
— |
|
|
NM |
|
|
(2,320 |
) |
|
NM |
|
|
(2,242 |
) |
|
NM |
|
Gain on sale of a business (3) |
|
— |
|
|
NM |
|
|
650 |
|
|
NM |
|
|
— |
|
|
NM |
|
|
650 |
|
|
NM |
|
Other (4) |
|
(1,032 |
) |
|
NM |
|
|
90 |
|
|
NM |
|
|
(1,032 |
) |
|
NM |
|
|
(359 |
) |
|
NM |
|
Total |
|
$ |
82,571 |
|
|
13.8 |
% |
|
$ |
81,811 |
|
|
13.6 |
% |
|
$ |
233,575 |
|
|
12.7 |
% |
|
$ |
235,922 |
|
|
12.9 |
% |
(1) Percentage of respective segment revenue. Percentages not considered meaningful are marked “NM.”
|
|
(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. |
|
|
(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. |
|
|
(4)
|
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. |
|