Quarterly report pursuant to Section 13 or 15(d)

Segment Data

v3.2.0.727
Segment Data
 9 Months Ended
Jun. 30, 2015
Notes to Financial Statements  
12. 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. 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 professional services or industrial staffing services within the contract staffing services sector for internal reporting purposes. 

 

Unallocated corporate expenses primarily include, corporate legal expenses, consulting expenses, corporate payroll, audit fees, corporate rent and facility costs, board fees and interest expense. 

 

    Three Months Ended      Nine Months Ended   
    June 30,      June 30,   
(In Thousands)    2015      2014      2015      2014   
                         
Direct Hire Placement Services                        
Revenue – net    $ 1,948     $ 1,739     $ 4,880     $ 5,253  
Placement services gross margin      100 %     100 %     100 %     100 %
Operating income (loss)      87       (246 )     (309 )     182  
Depreciation & amortization      47       55       157       164  
Accounts receivable – net      660       910       660       910  
Intangible assets – net      139       257       139       257  
Goodwill      24       24       24       24  
Total assets      10,532       4,052       10,532       4,052  
                                 
Contract Staffing Services                                
Industrial services revenue – net      6,897       6,208       19,881       19,295  
Professional services revenue – net      2,605       1,976       6,167       5,816  
Industrial services gross margin      12.06 %     9.90 %     12.85 %     10.40 %
Professional services gross margin      34.28 %     29.60 %     32.93 %     31.00 %
Operating income (loss)    $ 266     $ 65     $ 1,003     $ (81 )
Depreciation and amortization      124       64       258       200  
Accounts receivable net – industrial services      3,584       4,227       3,584       4,227  
Accounts receivable net – professional services      1,381       891       1,381       891  
Intangible assets – net      3,330       1,383       3,330       1,383  
Goodwill      6,372       1,083       6,372       1,083  
Total assets      6,988       5,978       6,988       5,978  
                                 
Unallocated Expenses                                
Corporate administrative expenses    $ 96     $ 272     $ 761     $ 1,057  
Corporate facility expenses      50       72       138       272  
Board related expenses      -       19       238       62  
Total unallocated expenses    $ 146     $ 363     $ 1,137     $ 1,391  
                                 
Consolidated                                
Revenue –net    $ 11,450     $ 9,923     $ 30,928     $ 30,364  
Operating income (loss)      207       (544 )     (443 )     (1,290 )
Depreciation and amortization      171       119       415       364  
Total accounts receivable – net      5,625       6,028       5,625       6,028  
Intangible assets – net      3,469       1,640       3,469       1,640  
Goodwill      6,396       1,106       6,396       1,106  
Assets from continuing operations      17,520       10,030       17,520       10,030  
Assets from discontinued operations      0       229       0       229  
Total assets    $ 17,520     $ 10,259     $ 17,520     $ 10,259