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v3.22.2.2

Business Segments (Tables) | 12 Months Ended
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Sep. 30, 2022
Segment Reporting [Abstract] |
Schedule of Financial Information for each of the Company's Business Segments |
Table 3.1: Results of Operation by Business Segment (1)
| For the Year Ended September 30,
| 2022 |  | 2021 |  | 2020
| Amount |  | % (2) |  | Amount |  | % (2) |  | Amount |  | % (2)
| (dollars in thousands)
Revenue: |  |  |  |  |  |  |  |  |  |  |
U.S. Federal Services | $ | 2,259,744 |  |  |  |  | $ | 1,893,284 |  |  |  |  | $ | 1,633,337 |  |  |
U.S. Services | 1,607,612 |  |  |  |  | 1,662,110 |  |  |  |  | 1,329,274 |  |  |
Outside the U.S. | 763,662 |  |  |  |  | 699,091 |  |  |  |  | 498,926 |  |  |
Revenue | $ | 4,631,018 |  |  |  |  | $ | 4,254,485 |  |  |  |  | $ | 3,461,537 |  |  |
Gross profit: |  |  |  |  |  |  |  |  |  |  |
U.S. Federal Services | $ | 519,440 |  |  | 23.0 | % |  | $ | 432,551 |  |  | 22.8 | % |  | $ | 318,925 |  |  | 19.5 | %
U.S. Services | 343,004 |  |  | 21.3 | % |  | 408,050 |  |  | 24.6 | % |  | 360,272 |  |  | 27.1 | %
Outside the U.S. | 77,366 |  |  | 10.1 | % |  | 106,374 |  |  | 15.2 | % |  | 31,805 |  |  | 6.4 | %
Gross profit | $ | 939,810 |  |  | 20.3 | % |  | $ | 946,975 |  |  | 22.3 | % |  | $ | 711,002 |  |  | 20.5 | %
Selling, general, and administrative expenses: |  |  |  |  |  |  |  |  |  |  |
U.S. Federal Services | $ | 284,509 |  |  | 12.6 | % |  | $ | 243,485 |  |  | 12.9 | % |  | $ | 186,023 |  |  | 11.4 | %
U.S. Services | 160,902 |  |  | 10.0 | % |  | 153,609 |  |  | 9.2 | % |  | 132,489 |  |  | 10.0 | %
Outside the U.S. | 92,536 |  |  | 12.1 | % |  | 86,248 |  |  | 12.3 | % |  | 65,938 |  |  | 13.2 | %
Gain on sale of business (3) | — |  |  | NM |  | — |  |  | NM |  | (1,718) |  |  | NM
Other (5) | (3,454) |  |  | NM |  | 10,746 |  |  | NM |  | 4,358 |  |  | NM
Selling, general, and administrative expenses | $ | 534,493 |  |  | 11.5 | % |  | $ | 494,088 |  |  | 11.6 | % |  | $ | 387,090 |  |  | 11.2 | %
Operating income: |  |  |  |  |  |  |  |  |  |  |
U.S. Federal Services | $ | 234,931 |  |  | 10.4 | % |  | $ | 189,066 |  |  | 10.0 | % |  | $ | 132,902 |  |  | 8.1 | %
U.S. Services | 182,102 |  |  | 11.3 | % |  | 254,441 |  |  | 15.3 | % |  | 227,783 |  |  | 17.1 | %
Outside the U.S. | (15,170) |  |  | (2.0) | % |  | 20,126 |  |  | 2.9 | % |  | (34,133) |  |  | (6.8) | %
Amortization of intangible assets | (90,465) |  |  | NM |  | (44,357) |  |  | NM |  | (35,634) |  |  | NM
Gain on sale of business (3) | — |  |  | NM |  | — |  |  | NM |  | 1,718 |  |  | NM
Gain on sale of land and building (4) | 11,046 |  |  | NM |  | — |  |  | NM |  | — |  |  | NM
Other (5) | 3,454 |  |  | NM |  | (10,746) |  |  | NM |  | (4,358) |  |  | NM
Operating income | $ | 325,898 |  |  | 7.0 | % |  | $ | 408,530 |  |  | 9.6 | % |  | $ | 288,278 |  |  | 8.3 | %
Depreciation and amortization: |  |  |  |  |  |  |  |  |  |  |
U.S. Federal Services | $ | 12,332 |  |  | 0.5 | % |  | $ | 12,986 |  |  | 0.7 | % |  | $ | 25,153 |  |  | 1.5 | %
U.S. Services | 16,528 |  |  | 1.0 | % |  | 20,350 |  |  | 1.2 | % |  | 20,951 |  |  | 1.6 | %
Outside the U.S. | 13,470 |  |  | 1.8 | % |  | 13,025 |  |  | 1.9 | % |  | 18,423 |  |  | 3.7 | %
Depreciation and amortization | $ | 42,330 |  |  | 0.9 | % |  | $ | 46,361 |  |  | 1.1 | % |  | $ | 64,527 |  |  | 1.9 | %
(1)Expenses that are not specifically included in the segments are included in other categories, including amortization of intangible assets and the direct costs of acquisitions. These costs are excluded from measuring each segment's operating performance. (2)Percentage of respective segment revenue. Percentages not considered meaningful are marked "NM." (3)During fiscal year 2020, we sold Q2 Administrators LLC, a subsidiary within our U.S. Federal Services Segment, resulting in a gain. (4)During fiscal year 2022, we sold the land and building which held our corporate headquarters, resulting in a gain on sale of $11.0 million. (5)Other expenses includes credits and costs that are not allocated to a particular segment. This includes expenses incurred as part of our acquisitions, as well as potential acquisitions which have not been or may not be completed.
Schedule of Identifiable Assets by Segment |
Table 3.2: Assets by Segment
| As of September 30,
| 2022 |  | 2021
| (in thousands)
U.S. Federal Services | $ | 2,858,662 |  |  | $ | 2,863,581 |
U.S. Services | 736,970 |  |  | 701,565 |
Outside the U.S. | 277,016 |  |  | 324,899 |
Corporate | 120,066 |  |  | 228,920 |
Assets | $ | 3,992,714 |  |  | $ | 4,118,965 |
Schedule of Long-Lived Assets by Geography |
Table 3.3: Long-Lived Assets by Geography
| As of September 30,
| 2022 |  | 2021
| (in thousands)
United States | $ | 238,523 |  |  | $ | 276,754 |
Australia | 12,694 |  |  | 17,105 |
Canada | 13,014 |  |  | 20,637 |
United Kingdom | 11,506 |  |  | 11,914 |
Rest of World | 5,196 |  |  | 5,172 |
Total | $ | 280,933 |  |  | $ | 331,582 |

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