Quarterly report pursuant to Section 13 or 15(d)

Segment Data

v3.5.0.2
Segment Data
 9 Months Ended
Jun. 30, 2016
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)   2016     2015     2016     2015  
                         
Direct Hire Placement Services                        
Revenue   $ 1,671     $ 1,948     $ 5,356     $ 4,880  
Placement services gross margin     100 %     100 %     100 %     100 %
Operating income (loss)   $ (32 )   $ 133     $ 199     $ (127 )
Depreciation & amortization     54       46       167       141  
Accounts receivable – net     630       660       630       660  
Intangible asset     20       139       20       139  
Goodwill     24       24       24       24  
Total assets   $ 4,443     $ 10,532     $ 4,443     $ 10,532  
                                 
Contract Staffing Services                                
Industrial services revenue   $ 5,356     $ 6,897     $ 16,230     $ 19,881  
Professional services revenue     14,955       2,605       39,687       6,167  
Industrial services gross margin     13.07 %     12.06 %     11.86 %     12.85 %
Professional services gross margin     26.10 %     34.28 %     25.99 %     32.93 %
Operating income   $ 1,393     $ 266     $ 3,168     $ 1,003  
Depreciation and amortization     464       124       1,265       258  
Accounts receivable net – industrial services     2,556       3,584       2,556       3,584  
Accounts receivable net – professional services     8,172       1,381       8,172       1,381  
Intangible assets     11,444       3,330       11,444       3,330  
Goodwill     17,965       6,372       17,965       6,372  
Total assets   $ 41,840     $ 6,988     $ 41,840     $ 6,988  
                                 
Unallocated Expenses                                
Corporate administrative expenses   $ 560     $ 96     $ 1,333     $ 761  
Corporate facility expenses     48       50       130       138  
Stock compensation expense     202       46       594       182  
Board related expenses     -       -       -       238  
Acquisition, integration and restructuring expense     29       -       597       -  
Total unallocated expenses   $ 839     $ 192     $ 2,654     $ 1,319  
                                 
Consolidated                                
Total revenue   $ 21,982     $ 11,450     $ 61,273     $ 30.928  
Operating income (loss)     522       207       713       (443 )
Depreciation and amortization     518       170       1,432       399  
Total accounts receivable – net     11,358       5,625       11,358       5,625  
Intangible assets     11,464       3,469       11,464       3,469  
Goodwill     17,989       6,396       17,989       6,396  
Total assets   $ 46,283     $ 17,520     $ 46,283     $ 17,520