Quarterly report pursuant to Section 13 or 15(d)

Segment Data

v3.4.0.3
Segment Data
 6 Months Ended
Mar. 31, 2016
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     Six Months Ended  
    March 31,     March 31,  
(In Thousands)   2016     2015     2016     2015  
                         
Direct Hire Placement Services                        
Revenue   $ 2,059     $ 1,482     $ 3,685     $ 2,932  
Placement services gross margin     100 %     100 %     100 %     100 %
Operating income (loss)   $ 163     $ (216 )   $ 231     $ (396 )
Depreciation & amortization     61       56       113       112  
Accounts receivable – net     701       754       701       754  
Intangible asset     50       168       50       168  
Goodwill     24       24       24       24  
Total assets   $ 3,490     $ 2,905     $ 3,490     $ 2,905  
                                 
Contract Staffing Services                                
Industrial services revenue   $ 4,874     $ 6,457     $ 10,874     $ 12,984  
Professional services revenue     14,733       1,857       24,732       3,562  
Industrial services gross margin     10.75 %     11.35 %     11.26 %     13.27 %
Professional services gross margin     19.91 %     30.35 %     23.94 %     32.00 %
Operating income   $ 895     $ 225     $ 1,775     $ 737  
Depreciation and amortization     450       74       801       134  
Accounts receivable net – industrial services     2,414       3,978       2,414       3,978  
Accounts receivable net – professional services     7,839       860       7,839       860  
Intangible assets     11,617       1,224       11,617       1,224  
Goodwill     18,168       1,082       18,168       1,082  
Total assets   $ 41,797     $ 7,205     $ 41,797     $ 7,205  
                                 
Unallocated Expenses                                
Corporate administrative expenses   $ 404     $ 168     $ 773     $ 485  
Corporate facility expenses     42       37       82       88  
Stock compensation expense     230       84       392       136  
Board related expenses     0       225       0       252  
Acquisition, integration and restructuring expense     122       0       568       30  
Total unallocated expenses   $ 798     $ 514     $ 1,815     $ 991  
                                 
Consolidated                                
Total revenue   $ 21,666     $ 9,796     $ 39,291     $ 19,478  
Operating income (loss)     260       (505 )     191       (650 )
Depreciation and amortization     511       130       914       246  
Total accounts receivable – net     10,954       5,592       10,954       5,592  
Intangible assets     11,667       1,392       11,667       1,392  
Goodwill     18,192       1,106       18,192       1,106  
Total assets   $ 45,287     $ 10,110     $ 45,287     $ 10,110