| Segment Data |
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 and office, engineering, and medical, and (c) temporary industrial staffing. These services can be divided into two reportable segments: Professional Staffing Services and Industrial Staffing Services. Some selling, general and administrative expenses are not fully allocated among Industrial Services and Professional Staffing Services.
Unallocated corporate expenses primarily include certain executive and administrative salaries and related expenses, corporate legal expenses, share-based compensation expenses, consulting expenses, audit fees, corporate rent and facility costs, board related fees, acquisition, integration and restructuring expenses, and interest expense.
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Three Months Ended |
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|
Nine Months Ended |
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|
|
June 30, |
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|
June 30, |
|
|
|
2023 |
|
|
2022 |
|
|
2023 |
|
|
2022 |
|
Industrial Staffing Services |
|
|
|
|
|
|
|
|
|
|
|
|
Contract services revenue |
|
$ |
3,183 |
|
|
$ |
4,120 |
|
|
$ |
10,027 |
|
|
$ |
11,944 |
|
Contract services gross margin (a) |
|
|
17.7% |
|
|
|
16.6% |
|
|
|
16.5% |
|
|
|
15.5% |
|
Income from operations |
|
$ |
43 |
|
|
$ |
136 |
|
|
$ |
80 |
|
|
$ |
828 |
|
Depreciation and amortization |
|
|
14 |
|
|
|
17 |
|
|
|
43 |
|
|
|
48 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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Professional Staffing Services |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Permanent placement revenue |
|
$ |
5,191 |
|
|
$ |
8,026 |
|
|
$ |
15,821 |
|
|
$ |
20,073 |
|
Permanent placement services gross margin |
|
|
100% |
|
|
|
100% |
|
|
|
100% |
|
|
|
100% |
|
Contract services revenue |
|
$ |
29,797 |
|
|
$ |
28,967 |
|
|
$ |
92,330 |
|
|
$ |
91,572 |
|
Contract services gross margin |
|
|
26.5% |
|
|
|
26.9% |
|
|
|
25.8% |
|
|
|
26.9% |
|
Income from operations |
|
$ |
2,891 |
|
|
$ |
3,928 |
|
|
$ |
7,409 |
|
|
$ |
8,566 |
|
Depreciation and amortization |
|
|
802 |
|
|
|
799 |
|
|
|
2,411 |
|
|
|
2,977 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Unallocated Expenses |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Corporate administrative expenses |
|
$ |
1,484 |
|
|
$ |
937 |
|
|
$ |
3,698 |
|
|
$ |
4,566 |
|
Corporate facility expenses |
|
|
108 |
|
|
|
99 |
|
|
|
329 |
|
|
|
283 |
|
Share-based compensation expense |
|
|
176 |
|
|
|
169 |
|
|
|
676 |
|
|
|
468 |
|
Board related expenses |
|
|
82 |
|
|
|
34 |
|
|
|
246 |
|
|
|
102 |
|
Total unallocated expenses |
|
$ |
1,850 |
|
|
$ |
1,239 |
|
|
$ |
4,949 |
|
|
$ |
5,419 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Consolidated |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total revenue |
|
$ |
38,171 |
|
|
$ |
41,113 |
|
|
$ |
118,178 |
|
|
$ |
123,589 |
|
Income from operations |
|
|
1,084 |
|
|
|
2,825 |
|
|
|
2,540 |
|
|
|
3,975 |
|
Depreciation and amortization |
|
|
816 |
|
|
|
816 |
|
|
|
2,454 |
|
|
|
3,025 |
|
|
(a) |
Credits related to estimated annual premium refunds from the Ohio Bureau of Workers Compensations totaling $17 and $46 are included in the three-month periods ended June 30, 2023 and 2022, respectively; and $19 and $83 for the nine-month periods ended June 30, 2023 and 2022, respectively. The Industrial Services gross margin normalized for the effects of these items were approximately 17.2% and 15.5% for the three-month periods ended June 30, 2023 and 2022, respectively; and 16.3% and 14.8% for the nine-month periods ended June 30, 2023 and 2022, respectively. |
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