| 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) |
|
2016 |
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% (1) |
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2015 |
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% (1) |
|
2016 |
|
% (1) |
|
2015 |
|
% (1) |
Revenue: |
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Health Services |
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$ |
330,567 |
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|
100 |
% |
|
$ |
270,918 |
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|
100 |
% |
|
$ |
622,470 |
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|
100 |
% |
|
$ |
514,488 |
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|
100 |
% |
U.S. Federal Services |
|
150,191 |
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|
100 |
% |
|
99,465 |
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100 |
% |
|
295,476 |
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100 |
% |
|
207,194 |
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100 |
% |
Human Services |
|
125,695 |
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100 |
% |
|
111,411 |
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100 |
% |
|
245,229 |
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100 |
% |
|
227,155 |
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|
100 |
% |
Total |
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$ |
606,453 |
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100 |
% |
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$ |
481,794 |
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100 |
% |
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$ |
1,163,175 |
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100 |
% |
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$ |
948,837 |
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100 |
% |
Gross profit: |
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Health Services |
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$ |
82,717 |
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25.0 |
% |
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$ |
69,873 |
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25.8 |
% |
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$ |
134,689 |
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21.6 |
% |
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$ |
129,720 |
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25.2 |
% |
U.S. Federal Services |
|
33,421 |
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22.3 |
% |
|
22,014 |
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22.1 |
% |
|
61,659 |
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20.9 |
% |
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47,582 |
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23.0 |
% |
Human Services |
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31,529 |
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25.1 |
% |
|
32,458 |
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29.1 |
% |
|
61,534 |
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25.1 |
% |
|
66,310 |
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29.2 |
% |
Total |
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$ |
147,667 |
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24.3 |
% |
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$ |
124,345 |
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25.8 |
% |
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$ |
257,882 |
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22.2 |
% |
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$ |
243,612 |
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25.7 |
% |
Selling, general and administrative expense: |
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Health Services |
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$ |
25,803 |
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7.8 |
% |
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$ |
28,397 |
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10.5 |
% |
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$ |
50,967 |
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8.2 |
% |
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$ |
50,404 |
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9.8 |
% |
U.S. Federal Services |
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18,438 |
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12.3 |
% |
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12,377 |
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12.4 |
% |
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35,960 |
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12.2 |
% |
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24,627 |
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11.9 |
% |
Human Services |
|
21,735 |
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17.3 |
% |
|
18,523 |
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16.6 |
% |
|
42,633 |
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17.4 |
% |
|
36,222 |
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15.9 |
% |
Other |
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— |
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NM |
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|
95 |
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NM |
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|
650 |
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NM |
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|
100 |
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NM |
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Total |
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$ |
65,976 |
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10.9 |
% |
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$ |
59,392 |
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12.3 |
% |
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$ |
130,210 |
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11.2 |
% |
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$ |
111,353 |
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11.7 |
% |
Operating income: |
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Health Services |
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$ |
56,914 |
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17.2 |
% |
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$ |
41,476 |
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15.3 |
% |
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$ |
83,722 |
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13.4 |
% |
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$ |
79,316 |
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15.4 |
% |
U.S. Federal Services |
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14,983 |
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10.0 |
% |
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9,637 |
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9.7 |
% |
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25,699 |
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8.7 |
% |
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22,955 |
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11.1 |
% |
Human Services |
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9,794 |
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7.8 |
% |
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13,935 |
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12.5 |
% |
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18,901 |
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7.7 |
% |
|
30,088 |
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13.2 |
% |
Amortization of intangible assets |
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(3,262 |
) |
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NM |
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(1,432 |
) |
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NM |
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(6,411 |
) |
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NM |
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(2,907 |
) |
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NM |
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Acquisition-related expenses (2) |
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(529 |
) |
|
NM |
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(1,514 |
) |
|
NM |
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(575 |
) |
|
NM |
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(2,114 |
) |
|
NM |
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Other |
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— |
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NM |
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(95 |
) |
|
NM |
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(650 |
) |
|
NM |
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(100 |
) |
|
NM |
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Total |
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$ |
77,900 |
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12.8 |
% |
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$ |
62,007 |
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12.9 |
% |
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$ |
120,686 |
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10.4 |
% |
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$ |
127,238 |
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13.4 |
% |
(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 purchases of Ascend Management Innovations, LLC (Ascend) and Assessments Australia in fiscal year 2016 and the purchase of Acentia in fiscal year 2015, as well as other transaction-related activity. Refer to Note 4 for details regarding the acquisitions. |
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