Quarterly report pursuant to Section 13 or 15(d)

Segment Data

v2.4.0.8
Segment Data
3 Months Ended
Dec. 31, 2013
Segment Data [Abstract]  
Segment Data
9. Segment Data

As a result of the acquisition of certain of the assets of DMCC and RFFG of Cleveland the Company’s internal reporting was adjusted and as a result, the Company re-assessed its segment presentation.

The Company provides the following distinctive services: (a) direct hire placement services, (b) temporary professional services staffing in the fields of information technology, engineering, and accounting, and (c) temporary light industrial staffing. Intersegment net service revenues are not significant. Revenues generated from the temporary professional services staffing and light industrial staffing are classified as contract staffing services revenues in the statements of operations. Selling, general and administrative expenses are not separately allocated among agricultural, professional services or industrial staffing services within the contract staffing services sector for internal reporting purposes.

 
Three Months Ended
 
 
 
December 31,
 
    (In Thousands)
 
2013
   
2012
 
 
 
   
 
Direct Hire Placement Services
 
   
 
Revenue - net
 
$
1,738
   
$
2,156
 
Placement services gross margin
   
100
%
   
100
%
Operating loss
   
(313
)
   
(273
)
Depreciation & amortization
   
59
     
56
 
Accounts receivable – net
   
679
     
1,137
 
Intangible assets - net
   
317
     
435
 
Goodwill
   
24
     
24
 
Total assets
   
4,367
     
2,869
 
 
Contract Staffing Services
    
       
 
Industrial services revenue – net
   
6,893
     
8,376
 
Professional services revenue – net
   
2,176
     
2,485
 
Industrial services gross margin
   
12.90
%
   
13.20
%
Professional services gross margin
   
31.90
%
   
34.90
%
Operating income
 
 
206
   
 
545
 
Depreciation and amortization
   
66
     
65
 
Accounts receivable net – industrial services
   
4,624
     
4,745
 
Accounts receivable net – professional services
   
856
     
1,075
 
Intangible assets - net
   
1,486
     
1,690
 
Goodwill
   
1,082
     
1,082
 
Total assets
   
5,617
     
8,345
 
 
               
Consolidated
               
Revenue -net
   
10,807
     
13,017
 
Operating income
   
(107
)
   
272
 
Depreciation and amortization
   
125
     
121
 
Total accounts receivable – net
   
6,159
     
6,957
 
Intangible assets – net
   
1,803
     
2,125
 
Goodwill
   
1,106
     
1,106
 
 
               
Assets from continuing operations
   
9,984
     
11,214
 
Assets from discontinued operations
   
234
     
654
 
Total assets
 
$
10,218
   
$
11,868