XML 88 R20.htm IDEA: XBRL DOCUMENT v2.4.0.6
Business Segments
12 Months Ended
Dec. 31, 2012
Segment Reporting [Abstract]  
Business Segments
Business Segments.
 
The Company has five reportable segments: Apex, Oxford (formerly IT and Engineering), Life Sciences, Healthcare and Physician.

The Apex segment provides mission-critical IT operations professionals for contract, contract-to-hire and permanent placement positions to Fortune 1000 and mid-market clients across the United States, and offers consulting services for other select project-based needs. Apex provides staffing and services support for companies from all major industries, including financial services, business services, consumer and industrials, technology, healthcare, government services, and communications.

The Oxford segment provides high-end contract and direct placement services of information technology and engineering professionals with expertise in specialized information technology; software and hardware engineering; and mechanical, electrical, validation and telecommunications engineering fields.

The Life Sciences segment provides contract, contract-to-permanent and direct placement services of laboratory and scientific professionals to the biotechnology, pharmaceutical, food and beverage, medical device, personal care, chemical and environmental industries. These contract staffing specialties include chemists, clinical research associates, clinical lab assistants, engineers, biologists, biochemists, microbiologists, molecular biologists, food scientists, regulatory affairs specialists, lab assistants and other skilled scientific professionals.

The Physician segment provides contract and direct placement physicians to healthcare organizations. The Physician segment works with nearly all medical specialties, placing locum tenens physicians in hospitals, community-based practices, and federal, state and local facilities.
 
The Healthcare segment provides contract, contract-to-permanent and direct placement of professionals from a number of healthcare, medical financial and allied occupations. These contract staffing specialties include local nurses, respiratory therapists, surgical technicians, imaging technicians, x-ray technicians, medical technologists, phlebotomists, coders, billers, claims processors and collections staff.
  
The Company’s management evaluates the performance of each segment primarily based on revenues, gross profit and operating income. The information in the following table is derived directly from the segments’ internal financial reporting used for corporate management purposes.
 
The following table represents revenues, gross profit and operating income by reportable segment (in thousands):

 
 
Year Ended December 31,
 
 
2012
 
2011
 
2010
Revenues:
 
 
 
 
 
 
Apex
 
$
508,743

 
$

 
$

Oxford (formerly IT and Engineering)
 
345,380

 
266,742

 
178,688

Life Sciences
 
162,799

 
155,324

 
109,495

Physician
 
102,679

 
80,617

 
73,595

Healthcare
 
57,914

 
44,956

 
39,542

 
 
$
1,177,515

 
$
547,639

 
$
401,320

Gross Profit:
 
 
 
 

 
 

Apex
 
$
140,669

 
$

 
$

Oxford (formerly IT and Engineering)
 
122,043

 
94,967

 
64,775

Life Sciences
 
55,874

 
52,643

 
37,776

Physician
 
31,455

 
25,858

 
23,847

Healthcare
 
18,495

 
14,360

 
12,933

 
 
$
368,536

 
$
187,828

 
$
139,331

Operating Income (Loss):
 
 
 
 

 
 

Apex (1)
 
$
21,593

 
$

 
$

Oxford (formerly IT and Engineering)
 
48,802

 
31,816

 
13,910

Life Sciences
 
11,626

 
10,727

 
5,305

Physician
 
8,383

 
5,347

 
5,010

Healthcare
 
(5,452
)
 
(7,807
)
 
(8,004
)
 
 
$
84,952

 
$
40,083

 
$
16,221

____
 
 
 
 
 
 

(1) Apex operating income includes acquisition related costs of $9.8 million for the twelve months ended December 31, 2012.

The Company does not report Life Sciences and Healthcare segments’ total assets separately as the operations are largely centralized. The following table represents total assets as allocated by reportable segment (in thousands):
 
 
 
December 31,
 
 
2012
 
2011
 
2010
Total Assets:
 
 
 
 
 
 
Apex
 
$
642,594

 
$

 
$

Oxford (formerly IT and Engineering)
 
231,211

 
218,810

 
202,229

Life Sciences and Healthcare
 
139,601

 
107,915

 
74,979

Physician
 
84,615

 
83,940

 
63,908

 
 
$
1,098,021

 
$
410,665

 
$
341,116



The Company does not report all assets by segment for all reportable segments. The following table represents identifiable assets by reportable segment (in thousands):
 
 
 
December 31,
 
 
2012
 
2011
 
2010
Gross Accounts Receivable:
 
 
 
 
 
 
Apex
 
$
132,575

 
$

 
$

Oxford (formerly IT and Engineering)
 
56,336

 
47,658

 
30,725

Life Sciences
 
21,041

 
21,727

 
14,107

Healthcare
 
18,116

 
11,568

 
9,628

Physician
 
18,905

 
15,749

 
10,233

 
 
$
246,973

 
$
96,702

 
$
64,693


   
The Company operates internationally, with operations in the United States, Europe, Canada, China, Australia, and New Zealand. The following table represents revenues by geographic location (in thousands):
 
 
 
Year Ended December 31,
 
 
2012
 
2011
 
2010
Revenues:
 
 
 
 
 
 
Domestic
 
$
1,099,746

 
$
479,508

 
$
370,572

Foreign
 
77,769

 
68,131

 
30,748

 
 
$
1,177,515

 
$
547,639

 
$
401,320


 
The following table represents long-lived assets by geographic location (in thousands):

 
 
December 31,
 
 
2012
 
2011
 
2010
Long-lived Assets:
 
 
 
 
 
 
Domestic
 
$
40,062

 
$
19,078

 
$
19,826

Foreign
 
2,006

 
1,033

 
754

 
 
$
42,068

 
$
20,111

 
$
20,580