Business Segments (Tables)

3 Months Ended

Dec. 31, 2023

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


Table 3.1: Results of Operation by Business Segment
	For the Three Months Ended
	December 31, 2023				December 31, 2022
	Amount		% (1)		Amount		% (1)
	(dollars in thousands)
Revenue:
U.S. Federal Services	$	677,078			$	618,167
U.S. Services	489,845				439,478
Outside the U.S.	160,118				191,601
Revenue	$	1,327,041			$	1,249,246
Gross profit:
U.S. Federal Services	$	156,662	23.1	%	$	122,694	19.8	%
U.S. Services	118,363		24.2	%	83,598		19.0	%
Outside the U.S.	25,029		15.6	%	38,455		20.1	%
Gross profit	$	300,054	22.6	%	$	244,747	19.6	%
Selling, general, and administrative expenses:
U.S. Federal Services	$	87,855	13.0	%	$	71,649	11.6	%
U.S. Services	52,300		10.7	%	45,842		10.4	%
Outside the U.S.	25,141		15.7	%	28,389		14.8	%
Divestiture-related charges (2)	1,018		NM		—		NM
Other (3)	2,881		NM		572		NM
Selling, general, and administrative expenses	$	169,195	12.7	%	$	146,452	11.7	%
Operating income:
U.S. Federal Services	$	68,807	10.2	%	$	51,045	8.3	%
U.S. Services	66,063		13.5	%	37,756		8.6	%
Outside the U.S.	(112)		(0.1)	%	10,066		5.3	%
Amortization of intangible assets	(23,349)		NM		(23,518)		NM
Divestiture-related charges (2)	(1,018)		NM		—		NM
Other (3)	(2,881)		NM		(572)		NM
Operating income	$	107,510	8.1	%	$	74,777	6.0	%

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

(2)In November 2023, we sold our businesses in Italy and Singapore, as well as our employment services business in Canada, recording a loss of $1.0 million. We previously recorded an impairment charge of $2.9 million related to these assets.

(3)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.