Quarterly report pursuant to Section 13 or 15(d)

Segment Data (Tables)

v3.19.1
Segment Data (Tables)
6 Months Ended
Mar. 31, 2019
Segment Data Tables  
Schedule of Segment Reporting Information

    Three Months Ended     Six Months Ended  
    March 31,     March 31,  
(in thousands)    2019     2018     2019     2018  
Industrial Staffing Services                        
Industrial services revenue   $ 5,095     $ 5,127     $ 10,715     $ 10,999  
Industrial services gross margin     13.6 %     13.6 %     13.7 %     14.7 %
Operating income   $ 82     $ 62     $ 337     $ 316  
Depreciation & amortization     66       66       130       132  
Accounts receivable – net     3,084       3,425       3,084       3,425  
Intangible assets     359       583       359       583  
Goodwill     1,084       1,084       1,084       1,084  
Total assets   $ 4,527     $ 4,080     $ 4,527     $ 4,080  
                                 
Professional Staffing Services                                
Permanent placement revenue   $ 4,350     $ 5,337     $ 8,880     $ 11,108  
Placement services gross margin     100 %     100 %     100 %     100 %
Professional services revenue   $ 26,732     $ 29,393     $ 55,125     $ 62,982  
Professional services gross margin     25.0 %     25.8 %     25.6 %     26.5 %
Operating income   $ 1,413     $ 1,326     $ 3,632     $ 3,762  
Depreciation and amortization     1,432       1,426       2,843       2,853  
Accounts receivable – net     16,908       17,173       16,908       17,173  
Intangible assets     26,315       31,676       26,315       31,676  
Goodwill     75,509       75,509       75,509       75,509  
Total assets   $ 125,072     $ 131,017     $ 125,072     $ 131,017  
                                 
Unallocated Expenses                                
Corporate administrative expenses   $ 1,103     $ 752     $ 1,713     $ 1,529  
Corporate facility expenses     72       104       178       209  
Stock Compensation expense     549       336       1,130       629  
Acquisition, integration and restructuring expenses     592       181       1,751       221  
Total unallocated expenses   $ 2,316     $ 1,373     $ 4,772     $ 2,588  
                                 
Consolidated                                
Total revenue   $ 36,177     $ 39,857     $ 74,720     $ 85,089  
Operating income (loss)     (821 )     15       (803 )     1,490  
Depreciation and amortization     1,498       1,492       2,973       2,985  
Total accounts receivables – net     19,992       20,598       19,992       20,598  
Intangible assets     26,674       32,259       26,674       32,259  
Goodwill     76,593       76,593       76,593       76,593  
Total assets   $ 129,599     $ 135,097     $ 129,599     $ 135,097