Annual report pursuant to Section 13 and 15(d)

Segment Data

v3.8.0.1
Segment Data
 12 Months Ended
Sep. 30, 2017
Notes to Financial Statements  
16. 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.

 

    Fiscal Year Ended  
    September 30,  
(In Thousands)   2017     2016  
             
Industrial Staffing Services            
Industrial services revenue   $ 24,851     $ 21,916  
Industrial services gross margin     16.5 %     13.1 %
Operating income   $ 1,625     $ 539  
Depreciation & amortization     268       280  
Accounts receivable – net     3,959       3,145  
Intangible assets     691       908  
Goodwill     1,084       1,083  
Total assets   $ 9,271     $ 7,448  
                 
Professional Staffing Services                
Permanent placement revenue   $ 14,731     $ 6,909  
Placement services gross margin     100 %     100 %
Professional services revenue   $ 95,396     $ 54,249  
Professional services gross margin     27.4 %     25.5 %
Operating income   $ 4,275     $ 4,407  
Depreciation and amortization     3,685       1,587  
Accounts receivable – net     19,219       8,424  
Intangible assets     34,358       10,186  
Goodwill     75,509       17,507  
Total assets   $ 132,544     $ 38,478  
                 
Unallocated Expenses                
Corporate administrative expenses   $ 3,285     $ 1,997  
Corporate facility expenses     301       239  
Stock option amortization expense     902       792  
Board related expenses     38       19  
Acquisition, integration and restructuring expenses     2,775       702  
Total unallocated expenses   $ 7,301     $ 3,749  
                 
Consolidated                
Total revenue   $ 134,978     $ 83,074  
Operating (loss) income     (1,401 )     1,197  
Depreciation and amortization     3,953       1,867  
Total accounts receivables – net     23,178       11,569  
Intangible assets     35,049       11,094  
Goodwill     76,593       18,590  
Total assets   $ 141,815     $ 45,926