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Segment Disclosures
 3 Months Ended
Mar. 31, 2012
Segment Disclosures [Abstract]  
Segment Disclosures
14. Segment Disclosures

CBIZ’s business units have been aggregated into four practice groups: Financial Services, Employee Services, Medical Management Professionals (“MMP”), and National Practices. The business units have been aggregated based on the following factors: similarity of the products and services provided to clients; similarity of the regulatory environment in which they operate; and similarity of economic conditions affecting long-term performance. The business units are managed along these segment lines. A general description of services provided by practice group is provided in the following table.

 

                 
   

Financial Services

  

Employee Services

  

MMP

  

National Practices
    •      Accounting

•      Tax

•      Financial Advisory

•      Valuation

•      Litigation Support

•      Internal Audit

•      Family Office Services

•      Fraud Detection

•      Real Estate Advisory

  

•      Employee Benefits

•      Property & Casualty

•      Retirement Plan Services

•      Payroll Services

•      Life Insurance

•      Human Capital Services

•      Compensation Consulting

•      Recruiting

•      Actuarial Services

  

•      Coding and Billing

•      Accounts Receivable

        Management

•      Full Practice

        Management Services

  

•      Managed Networking

        and Hardware Services

•      Health Care Consulting

•      Mergers & Acquisitions

 

Corporate and Other. Included in Corporate and Other are operating expenses that are not directly allocated to the individual business units. These expenses are primarily comprised of gains or losses attributable to assets held in the Company’s deferred compensation plan, stock-based compensation, certain health care costs, consolidation and integration charges, certain advertising costs and other various expenses.

Accounting policies of the practice groups are the same as those described in Note 1 to the Annual Report on Form 10-K for the year ended December 31, 2011. Upon consolidation, all intercompany accounts and transactions are eliminated, thus inter-segment revenue is not included in the measure of profit or loss for the practice groups. Performance of the practice groups is evaluated on operating income excluding the costs of certain infrastructure functions (such as information systems, finance and accounting, human resources, legal and marketing), which are reported in the “Corporate and Other” segment. Segment information for the three months ended March 31, 2012 and 2011 was as follows (in thousands):

 

                                                 
    Three Months Ended March 31, 2012  
    Financial
Services		     Employee
Services		     MMP     National
Practices		     Corporate
and
Other		     Total  

Revenue

   $ 132,164     $ 48,059     $ 33,271     $ 7,333     $ —       $ 220,827  

Operating expenses

     97,233       39,448       30,520       6,722       6,082       180,005  
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Gross margin

     34,931       8,611       2,751       611       (6,082 )      40,822  

Corporate general & admin

     —         —         —         —         10,544       10,544  
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Operating income (loss)

     34,931       8,611       2,751       611       (16,626 )      30,278  

Other income (expense):

                                                

Interest expense

     —         (6 )      —         —         (4,116 )      (4,122 ) 

Gain on sale of operations, net

     —         —         —         —         2,589       2,589  

Other income (expense), net

     30       116       73       —         3,219       3,438  
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Total other income (expense)

     30       110       73       —         1,692       1,905  
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Income (loss) from continuing operations before income tax expense

   $ 34,961     $ 8,721     $ 2,824     $ 611     $ (14,934 )    $ 32,183  
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

 

                                                 
    Three Months Ended March 31, 2011  
    Financial
Services		     Employee
Services		     MMP     National
Practices		     Corporate
And
Other		     Total  

Revenue

   $ 122,286     $ 44,435     $ 35,411     $ 7,937     $ —        $ 210,069  

Operating expenses

     89,905       36,697       32,074       6,657       4,394       169,727  
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Gross margin

     32,381       7,738       3,337       1,280       (4,394 )      40,342  

Corporate general & admin

     —         —         —         —         9,560       9,560  
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Operating income (loss)

     32,381       7,738       3,337       1,280       (13,954 )      30,782  

Other income (expense):

                                                

Interest expense

     —         (6 )      —         —         (4,909 )      (4,915 ) 

Gain on sale of operations, net

     —         —         —         —         2,743       2,743  

Other income (expense), net

     58       371       69       —         2,583       3,081  
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Total other income (expense)

     58       365       69       —         417       909  
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Income (loss) from continuing operations before income tax expense

   $ 32,439     $ 8,103     $ 3,406     $ 1,280     $ (13,537 )    $ 31,691