Quarterly report pursuant to Section 13 or 15(d)

Segment Data

v3.19.3.a.u2
Segment Data
3 Months Ended
Dec. 31, 2019
14. 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, accounting, finance, office, engineering, and medical, 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 compensation expenses, consulting expenses, audit fees, corporate rent and facility costs, board fees, acquisition, integration and restructuring expenses, and interest expense.

 

 

Three Months Ended

 

December 31,

 

2019

 

2018

 

Industrial Staffing Services

 

Industrial services revenue

 

$

5,655

 

$

5,620

 

Industrial services gross margin

 

15.6

%

 

13.9

 

Operating income

 

$

281

 

$

255

 

Depreciation & amortization

 

$

69

 

$

64

 

Professional Staffing Services

 

Permanent placement revenue

 

$

4,479

 

$

4,529

 

Placement services gross margin

 

100

%

 

100

 

Professional services revenue

 

$

27,423

 

$

28,394

 

Professional services gross margin

 

26.4

%

 

26.1

 

Operating income

 

$

1,562

 

$

2,219

 

Depreciation and amortization

 

$

1,408

 

$

1,411

 

Unallocated Expenses

 

Corporate administrative expenses

 

$

952

 

$

609

 

Corporate facility expenses

 

90

 

106

 

Stock Compensation expense

 

597

 

581

 

Acquisition, integration and restructuring expenses

 

377

 

1,159

 

Total unallocated expenses

 

$

2,016

 

$

2,455

 

Consolidated

 

Total revenue

 

$

37,557

 

$

38,543

 

Operating (loss) income

 

(173

)

 

19

 

Depreciation and amortization

 

$

1,477

 

$

1,475