Quarterly report pursuant to Section 13 or 15(d)

Segment Data

v3.7.0.1
Segment Data
 6 Months Ended
Mar. 31, 2017
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. 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, 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)   2017     2016     2017     2016  
                         
Industrial Staffing Services                        
Industrial services revenue   $ 6,125     $ 4,874     $ 12,106     $ 10,874  
Industrial services gross margin     13.7 %     10.8 %     15.0 %     11.3 %
Operating income (loss)   $ 249     $ (27 )   $ 589     $ 40  
Depreciation & amortization     68       87       141       138  
Accounts receivable – net     3,644       2,116       3,644       2,116  
Intangible assets     800       1,014       800       1,014  
Goodwill     1,084       1,084       1,084       1,084  
Total assets   $ 8,269     $ 6,629     $ 8,269     $ 6,629  
                                 
Professional Staffing Services                                
Permanent placement revenue   $ 1,459     $ 2,059     $ 2,609     $ 3,685  
Placement services gross margin     100 %     100 %     100 %     100 %
Professional services revenue   $ 13,965     $ 14,733     $ 27,840     $ 24,732  
Professional services gross margin     24.1 %     19.9 %     24.0 %     23.9 %
Operating income   $ 1,068     $ 1,118     $ 2,116     $ 2,254  
Depreciation and amortization     372       424       747       776  
Accounts receivable – net     9,455       8,839       9,455       8,838  
Intangible assets     9,556       10,653       9,556       10,653  
Goodwill     17,506       17,108       17,506       17,109  
Total assets   $ 37,391     $ 38,659     $ 37,391     $ 38,659  
                                 
Unallocated Expenses                                
Corporate administrative expenses   $ 634     $ 429     $ 1,235     $ 1,041  
Corporate facility expenses     69       50       143       102  
Stock option amortization expense     191       230       385       392  
Board related expenses     19       0       38       0  
Acquisition, integration and restructuring expenses     77       122       100       568  
Total unallocated expenses   $ 990     $ 831     $ 1,901     $ 2,103  
                                 
Consolidated                                
Total revenue   $ 21,549     $ 21,666     $ 42,555     $ 39,291  
Operating income     327       260       804       191  
Depreciation and amortization     440       511       888       914  
Total accounts receivables – net     13,099       10,954       13,099       10,954  
Intangible assets     10,356       11,667       10,356       11,667  
Goodwill     18,590       18,193       18,590       18,193  
Total assets   $ 45,660     $ 45,288     $ 45,660     $ 45,288