Quarterly report pursuant to Section 13 or 15(d)

Segment Data

v3.6.0.2
Segment Data
 3 Months Ended
Dec. 31, 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. 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  
    December 31,  
(In Thousands)   2016     2015  
             
Industrial Staffing Services            
Industrial services revenue   $ 5,981     $ 6,000  
Industrial services gross margin     16.4 %     11.7 %
Operating income   $ 340     $ 67  
Depreciation & amortization     73       54  
Accounts receivable - net     3,497       2,896  
Intangible asset - net     854       1,067  
Goodwill     1,084       1,084  
Total assets   $ 7,629     $ 6,932  
                 
Professional Staffing Services                
Permanent placement revenue   $ 1,150     $ 1,626  
Placement services gross margin     100 %     100 %
Professional services revenue     13,875       9,999  
Professional services gross margin     23.9 %     29.6 %
Operating income   $ 1,048     $ 1,136  
Depreciation and amortization     375       349  
Accounts receivable - net     9,080       5,933  
Intangible assets - net     9,871       9,407  
Goodwill     17,506       14,822  
Total assets   $ 38,631     $ 34,402  
                 
Unallocated Expenses                
Corporate administrative expenses   $ 601     $ 612  
Corporate facility expenses     74       52  
Stock option amortization expense     194       162  
Board related expenses     19       -  
Acquisition, integration and restructuring expense     23       446  
Total unallocated expenses   $ 911     $ 1,272  
                 
Consolidated                
Total revenue   $ 21,006     $ 17,625  
Operating income (loss)     477       (69 )
Depreciation and amortization     448       403  
Total accounts receivable - net     12,577       8,829  
Intangible assets - net     10,725       10,474  
Goodwill     18,590       15,906  
Total assets   $ 46,260     $ 41,334