| 13. Segment Data |
The
Company provides the following distinctive services: (a) direct hire placement services, (b) temporary professional services staffing
in the fields of information technology, engineering, medical, and accounting, and (c) temporary light industrial staffing. These
Company’s services can be divided into two reportable segments, Industrial Staffing Services and Professional Staffing Services.
Some selling, general and administrative expenses are not fully allocated among light industrial services and professional staffing
services.
Unallocated
Corporate expenses primarily include, certain executive compensation expenses and salaries, certain administrative salaries, corporate
legal expenses, stock amortization expenses, consulting expenses, audit fees, corporate rent and facility costs, board fees, acquisition,
integration and restructuring expenses and interest expense.
| |
|
Three
Months Ended |
|
| (in thousands) |
|
December
31, |
|
| |
|
2018 |
|
|
2017 |
|
| Industrial
Staffing Services |
|
|
|
|
|
|
| Industrial
services revenue |
|
$ |
5,620 |
|
|
$ |
5,872 |
|
| Industrial
services gross margin |
|
|
13.9 |
% |
|
|
15.6 |
% |
| Operating
income |
|
$ |
255 |
|
|
$ |
253 |
|
| Depreciation
& amortization |
|
|
64 |
|
|
|
66 |
|
| Accounts
receivable – net |
|
|
3,136 |
|
|
|
3,521 |
|
| Intangible
assets |
|
|
415 |
|
|
|
637 |
|
| Goodwill |
|
|
1,084 |
|
|
|
519 |
|
| Total
assets |
|
$ |
4,635 |
|
|
$ |
4,177 |
|
| |
|
|
|
|
|
|
|
|
| Professional
Staffing Services |
|
|
|
|
|
|
|
|
| Permanent
placement revenue |
|
$ |
4,529 |
|
|
$ |
5,771 |
|
| Placement
services gross margin |
|
|
100 |
% |
|
|
100 |
% |
| Professional
services revenue |
|
$ |
28,394 |
|
|
$ |
33,589 |
|
| Professional
services gross margin |
|
|
26.14 |
% |
|
|
27.0 |
% |
| Operating
income |
|
$ |
2,219 |
|
|
$ |
2,477 |
|
| Depreciation
and amortization |
|
|
1,411 |
|
|
|
1,427 |
|
| Accounts
receivable – net |
|
|
15,911 |
|
|
|
19,148 |
|
| Intangible
assets |
|
|
27,655 |
|
|
|
33,016 |
|
| Goodwill |
|
|
75,509 |
|
|
|
76,074 |
|
| Total
assets |
|
$ |
126,270 |
|
|
$ |
134,844 |
|
| |
|
|
|
|
|
|
|
|
| Unallocated
Expenses |
|
|
|
|
|
|
|
|
| Corporate
administrative expenses |
|
$ |
609 |
|
|
$ |
817 |
|
| Corporate
facility expenses |
|
|
106 |
|
|
|
105 |
|
| Stock
Compensation expense |
|
|
581 |
|
|
|
293 |
|
| Acquisition,
integration and restructuring expenses |
|
|
1,159 |
|
|
|
40 |
|
| Total
unallocated expenses |
|
$ |
2,455 |
|
|
$ |
1,255 |
|
| |
|
|
|
|
|
|
|
|
| Consolidated |
|
|
|
|
|
|
|
|
| Total
revenue |
|
$ |
38,543 |
|
|
$ |
45,232 |
|
| Operating
income |
|
|
19 |
|
|
|
1,475 |
|
| Depreciation
and amortization |
|
|
1,475 |
|
|
|
1,493 |
|
| Total
accounts receivables – net |
|
|
19,047 |
|
|
|
22,669 |
|
| Intangible
assets |
|
|
28,070 |
|
|
|
33,653 |
|
| Goodwill |
|
|
76,593 |
|
|
|
76,593 |
|
| Total
assets |
|
$ |
130,905 |
|
|
$ |
139,021 |
|
|