Annual report pursuant to Section 13 and 15(d)

Segment Data

v3.6.0.2
Segment Data
 12 Months Ended
Sep. 30, 2016
Notes to Financial Statements  
14. 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. These distinct services can be divided into two reportable segments, Industrial Staffing Services and Professional Staffing Services. Selling, general and administrative expenses are not completely separately allocated among light industrial services and professional staffing services.

 

Unallocated Corporate expenses primarily include, certain executive compensation expenses and salaries, certain administrative salaries, corporate legal expenses, stock amortization expenses, consulting expenses, audit fees, corporate rent and facility costs, board fees, acquisition, integration and restructuring expenses and interest expense.

 

Segment Data            
             
    Fiscal Year Ended        
    September 30,        
(In Thousands)   2016     2015  
             
Industrial Staffing Services            
Industrial services revenue   $ 21,916     $ 26,499  
Industrial services gross margin     13.1 %     12.3 %
Operating Income   $ 539     $ 607  
Depreciation & amortization     280       270  
Accounts receivable – net     3,145       2,897  
Intangible assets     908       1,121  
Goodwill     1,083       1,083  
Total assets   $ 7,448     $ 6,960  
                 
Professional Staffing Services                
Permanent placement revenue   $ 6,909     $ 6,665  
Placement services gross margin     100 %     100 %
Professional services revenue     54,249       10,223  
Professional services gross margin     25.2 %     31.5 %
Operating income   $ 3,962     $ 251  
Depreciation and amortization     1,587       354  
Accounts receivable – net     8,424       3,259  
Intangible assets     10,186       3,775  
Goodwill     17,507       7,137  
Total assets   $ 38,478     $ 19,914  
                 
Unallocated Expenses                
Corporate administrative expenses   $ 1,709     $ 1,460  
Corporate facility expenses     81       80  
Board related expenses     19       238  
Stock option amortization expense     793       340  
Acquisition, integration and restructuring expenses     702       373  
Total unallocated expenses   $ 3,304     $ 2,491  
                 
Consolidated                
Total revenue   $ 83,074     $ 43,387  
Operating income (loss)     1,197       (1,633 )
Depreciation and amortization     1,867       624  
Total accounts receivables – net     11,569       6,156  
Intangible assets     11,094       4,896  
Goodwill     18,590       8,220  
Total assets   $ 45,926     $ 26,874