| 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 June 30, |
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Nine Months Ended June 30, |
(dollars in thousands) |
|
2017 |
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% (1) |
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2016 |
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% (1) |
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2017 |
|
% (1) |
|
2016 |
|
% (1) |
Revenue: |
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Health Services |
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$ |
335,090 |
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|
100 |
% |
|
$ |
333,699 |
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|
100 |
% |
|
$ |
1,024,813 |
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|
100 |
% |
|
$ |
956,169 |
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|
100 |
% |
U.S. Federal Services |
|
131,589 |
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|
100 |
% |
|
149,601 |
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100 |
% |
|
418,257 |
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100 |
% |
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445,077 |
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100 |
% |
Human Services |
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133,768 |
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100 |
% |
|
133,794 |
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100 |
% |
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386,988 |
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100 |
% |
|
379,023 |
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|
100 |
% |
Total |
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$ |
600,447 |
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100 |
% |
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$ |
617,094 |
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100 |
% |
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$ |
1,830,058 |
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100 |
% |
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$ |
1,780,269 |
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100 |
% |
Gross profit: |
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Health Services |
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$ |
83,269 |
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24.8 |
% |
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$ |
76,775 |
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23.0 |
% |
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$ |
247,957 |
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24.2 |
% |
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$ |
211,464 |
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22.1 |
% |
U.S. Federal Services |
|
33,627 |
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25.6 |
% |
|
38,980 |
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26.1 |
% |
|
107,774 |
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25.8 |
% |
|
100,639 |
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22.6 |
% |
Human Services |
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35,293 |
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26.4 |
% |
|
35,624 |
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26.6 |
% |
|
93,593 |
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24.2 |
% |
|
97,158 |
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25.6 |
% |
Total |
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$ |
152,189 |
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25.3 |
% |
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$ |
151,379 |
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24.5 |
% |
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$ |
449,324 |
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24.6 |
% |
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$ |
409,261 |
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23.0 |
% |
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Selling, general and administrative
expense:
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Health Services |
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$ |
31,716 |
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9.5 |
% |
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$ |
26,345 |
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7.9 |
% |
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$ |
89,737 |
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8.8 |
% |
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$ |
77,312 |
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8.1 |
% |
U.S. Federal Services |
|
17,757 |
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13.5 |
% |
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19,861 |
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13.3 |
% |
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56,379 |
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13.5 |
% |
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55,821 |
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12.5 |
% |
Human Services |
|
18,925 |
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14.1 |
% |
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21,373 |
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16.0 |
% |
|
55,827 |
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14.4 |
% |
|
64,006 |
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16.9 |
% |
Other (4) |
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(90 |
) |
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NM |
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2,127 |
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NM |
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359 |
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NM |
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2,777 |
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NM |
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Total |
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$ |
68,308 |
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11.4 |
% |
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$ |
69,706 |
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11.3 |
% |
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$ |
202,302 |
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11.1 |
% |
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$ |
199,916 |
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11.2 |
% |
Operating income: |
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Health Services |
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$ |
51,553 |
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15.4 |
% |
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$ |
50,430 |
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15.1 |
% |
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$ |
158,220 |
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15.4 |
% |
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$ |
134,152 |
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14.0 |
% |
U.S. Federal Services |
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15,870 |
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12.1 |
% |
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19,119 |
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12.8 |
% |
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51,395 |
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12.3 |
% |
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44,818 |
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10.1 |
% |
Human Services |
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16,368 |
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12.2 |
% |
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14,251 |
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10.7 |
% |
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37,766 |
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9.8 |
% |
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33,152 |
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8.7 |
% |
Amortization of intangible assets |
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(2,720 |
) |
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NM |
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(3,517 |
) |
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NM |
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(9,508 |
) |
|
NM |
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(9,928 |
) |
|
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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(2,242 |
) |
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NM |
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— |
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NM |
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Acquisition-related expenses (3) |
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— |
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NM |
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— |
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NM |
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— |
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NM |
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(575 |
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NM |
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Gain on sale of a business |
|
650 |
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|
NM |
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6,453 |
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NM |
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650 |
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|
NM |
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6,453 |
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|
NM |
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Other (4) |
|
90 |
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|
NM |
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(2,127 |
) |
|
NM |
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(359 |
) |
|
NM |
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(2,777 |
) |
|
NM |
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Total |
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$ |
81,811 |
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13.6 |
% |
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$ |
84,609 |
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13.7 |
% |
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$ |
235,922 |
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12.9 |
% |
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$ |
205,295 |
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11.5 |
% |
(1) Percentage of respective segment revenue. Percentages not considered meaningful are marked “NM.”
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(2) |
During the current fiscal year, we incurred costs in restructuring our United Kingdom Human Services business. See "Note 6. Supplemental disclosures" for more information. |
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(3) |
Acquisition-related expenses relate to the acquisitions of Assessments Australia and Ascend in December 2015 and February 2016, respectively. |
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(4)
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Other costs and credits relate to SG&A balances that do not relate directly to segment business activities. During the three and nine months ended June 30, 2016, we incurred $2.1 million and $2.8 million, respectively, of legal costs related to a matter that occurred in fiscal year 2014. This matter was settled in the third quarter of fiscal 2017.
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