Business Segments (Tables)

12 Months Ended

Sep. 30, 2023

Schedule of Financial Information for each of the Company's Business Segments


Table 3.1: Results of Operation by Business Segment
	For the Year Ended September 30,
	2023				2022				2021
	Amount		% (1)		Amount		% (1)		Amount		% (1)
	(dollars in thousands)
Revenue:
U.S. Federal Services	$	2,403,606			$	2,259,744			$	1,893,284
U.S. Services	1,812,069				1,607,612				1,662,110
Outside the U.S.	689,053				763,662				699,091
Revenue	$	4,904,728			$	4,631,018			$	4,254,485
Gross profit:
U.S. Federal Services	$	557,886	23.2	%	$	519,440	23.0	%	$	432,551	22.8	%
U.S. Services	377,541		20.8	%	343,004		21.3	%	408,050		24.6	%
Outside the U.S.	93,181		13.5	%	77,366		10.1	%	106,374		15.2	%
Gross profit	$	1,028,608	21.0	%	$	939,810	20.3	%	$	946,975	22.3	%
Selling, general, and administrative expenses:
U.S. Federal Services	$	308,197	12.8	%	$	284,509	12.6	%	$	243,485	12.9	%
U.S. Services	194,991		10.8	%	160,902		10.0	%	153,609		9.2	%
Outside the U.S.	102,311		14.8	%	92,536		12.1	%	86,248		12.3	%
Divestiture related charges (2)	3,751		NM		—		NM		—		NM
Other (4)	29,973		NM		(3,454)		NM		10,746		NM
Selling, general, and administrative expenses	$	639,223	13.0	%	$	534,493	11.5	%	$	494,088	11.6	%
Operating income/(loss):
U.S. Federal Services	$	249,689	10.4	%	$	234,931	10.4	%	$	189,066	10.0	%
U.S. Services	182,550		10.1	%	182,102		11.3	%	254,441		15.3	%
Outside the U.S.	(9,130)		(1.3)	%	(15,170)		(2.0)	%	20,126		2.9	%
Amortization of intangible assets	(94,591)		NM		(90,465)		NM		(44,357)		NM
Divestiture related charges (2)	(3,751)		NM		—		NM		—		NM
Gain on sale of land and building (3)	—		NM		11,046		NM		—		NM
Other (4)	(29,973)		NM		3,454		NM		(10,746)		NM
Operating income	$	294,794	6.0	%	$	325,898	7.0	%	$	408,530	9.6	%
Depreciation and amortization:
U.S. Federal Services	$	18,336	0.8	%	$	12,332	0.5	%	$	12,986	0.7	%
U.S. Services	22,674		1.3	%	16,528		1.0	%	20,350		1.2	%
Outside the U.S.	13,715		2.0	%	13,470		1.8	%	13,025		1.9	%
Depreciation and amortization	$	54,725	1.1	%	$	42,330	0.9	%	$	46,361	1.1	%

(1)Percentage of respective segment revenue. Percentages not considered meaningful are marked "NM."

(2)During fiscal year 2023, we sold a small commercial practice in the United Kingdom and our employment operations business in Sweden, both subsidiaries within our Outside the U.S. Segment, resulting in a loss of $0.9 million. In addition, we recorded impairment losses of $2.9 million on businesses sold subsequent to fiscal year end. Refer to "Note 6. Business Combinations and Divestitures" and "Note 17. Subsequent Events" for more details.

(3)During fiscal year 2022, we sold the land and building that held our corporate headquarters, resulting in a gain on sale of $11.0 million.

(4)Other includes credits and costs that are not allocated to a particular segment. For the fiscal year 2023, these charges include $29.3 million related to the costs of a previously disclosed cybersecurity incident. Other charges include direct costs of acquisitions. These costs are excluded from measuring each segment's operating performance.

Schedule of Identifiable Assets by Segment


Table 3.2: Assets by Segment
	As of September 30,
	2023		2022
	(in thousands)
U.S. Federal Services	$	2,716,367	$	2,858,662
U.S. Services	780,737		736,970
Outside the U.S.	278,289		277,016
Corporate	210,404		120,066
Assets	$	3,985,797	$	3,992,714

Schedule of Long-Lived Assets by Geography


Table 3.3: Long-Lived Assets by Geography
	As of September 30,
	2023		2022
	(in thousands)
United States	$	313,830	$	238,523
Outside the US	39,660		42,410
Total	$	353,490	$	280,933