Quarterly report pursuant to Section 13 or 15(d)

Segment Data

v3.3.1.900
Segment Data
 3 Months Ended
Dec. 31, 2015
Notes to Financial Statements  
13. 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  
    December 31,  
(In Thousands)   2015     2014  
             
Direct Hire Placement Services            
Revenue   $ 1,626     $ 1,450  
Placement services gross margin     100 %     100 %
Operating (loss) income     470       (33 )
Depreciation & amortization     52       56  
Accounts receivable – net     604       609  
Intangible assets     79       198  
Goodwill     24       24  
Total assets     1,914       2,436  

 

Contract Staffing Services                
Industrial services revenue     6,000       6,527  
Professional services revenue     9,999       1,705  
Industrial services gross margin     11.67 %     15.17 %
Professional services gross margin     29.62 %     33.67 %
Operating income     880       512  
Depreciation and amortization     351       66  
Accounts receivable net – industrial services     2,896       3,757  
Accounts receivable net – professional services     5,329       763  
Intangible assets     10,395       1,277  
Goodwill     15,882       1,082  
Total assets     39,430       7,185  
                 
Unallocated Expenses                
Corporate administrative expenses     599       369  
Corporate facility expenses     49       51  
Board related expenses     -       27  
Acquisition, integration and restructuring expense     446       30  
Interest expense     325       147  
Total unallocated expenses     1,419       624  
                 
Consolidated                
Total revenue     17,625       9,682  
Operating loss     (69 )     (145 )
Depreciation and amortization     403       122  
Total accounts receivable – net     8,829       5,129  
Intangible assets     10,474       1,475  
Goodwill     15,906       1,106  
Total assets   $ 41,334     $ 9,621