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Discontinued Operations Discontinued Operations (Tables)
 12 Months Ended
Dec. 31, 2014
Discontinued Operations [Abstract]  
Disposal Groups, Including Discontinued Operations, Disclosure [Text Block]
5. Discontinued Operations
On February 12, 2013, the Company completed the sale of the Nurse Travel division for $33.7 million in cash and recognized a gain of $14.4 million, net of income taxes of $9.1 million. The Nurse Travel division, previously included in the Healthcare segment, has been presented as discontinued operations in our Consolidated Statements of Operations and Comprehensive Income for all periods presented.
On December 2, 2013, the Company completed the sale of its Allied Healthcare division for $28.7 million in cash and recognized a gain of $16.4 million, net of income taxes of $10.4 million. The Allied Healthcare division, previously included in the Healthcare segment, has been presented as discontinued operations in our Consolidated Statements of Operations and Comprehensive Income for all periods presented.
As of December 31, 2014, the Company closed its European retained search unit. Results for this European retained search unit, previously included in the Life Sciences Europe Segment, have been presented as discontinued operations in our Consolidated Statements of Operations and Comprehensive Income for all periods presented.
On February 1, 2015 the Company completed the sale of its Physician Segment for $123.0 million, of which $6.0 million was placed in escrow for a period of 12 months. The gain on the sale was $25.7 million (net of income taxes of $14.4 million). The operating results of this segment are presented as discontinued operations in the consolidated statements of operations and comprehensive income for all periods presented. The consolidated balance sheets at December 31, 2014 and 2013 separately state the assets and liabilities of the Physician Segment as discontinued operations.

The following table is a reconciliation of the major classes of assets and liabilities of the Physician Segment that are presented separately in the consolidated balance sheets at December 31, 2014 and December 31, 2013, to the previously reported balances:
 
December 31, 2014
 
As Previously Reported
 
Physician Segment
 
As Adjusted
Cash and cash equivalents
$
31,714

 
$
(2,854
)
 
$
28,860

Accounts receivable, net
298,761

 
(21,615
)
 
277,146

Prepaid expenses and income taxes
14,513

 
(1,205
)
 
13,308

Deferred income tax assets
19,067

 
(3,321
)
 
15,746

Workers' compensation and medical malpractice receivable
18,728

 
(5,358
)
 
13,370

Other current assets
3,121

 
—

 
3,121

Current assets of discontinued operations
—

 
34,353

 
34,353

Total current assets
385,904

 
—

 
385,904

 
 
 
 
 
 
Property and equipment, net
46,819

 
(2,508
)
 
44,311

Goodwill
570,697

 
(58,637
)
 
512,060

Identifiable intangible assets, net
262,569

 
(11,960
)
 
250,609

Other non-current assets
8,185

 
(568
)
 
7,617

Non-current assets of discontinued operations
—

 
73,673

 
73,673

Total assets
$
1,274,174

 
$
—

 
$
1,274,174

 
 
 
 
 
 
Current portion of long-term debt
$
18,250

 
$
—

 
$
18,250

Accounts payable
8,876

 
(951
)
 
7,925

Accrued payroll and contract professional pay
87,189

 
(4,626
)
 
82,563

Workers’ compensation and medical malpractice loss reserves
29,135

 
(13,571
)
 
15,564

Income taxes payable
340

 
—

 
340

Other current liabilities
21,776

 
(1,047
)
 
20,729

Current liabilities of discontinued operations
—

 
20,195

 
20,195

Total current liabilities
165,566

 
—

 
165,566

 
 
 
 
 
 
Long-term debt
396,875

 
—

 
396,875

Deferred income tax liabilities
67,909

 
(4,088
)
 
63,821

Other long-term liabilities
9,416

 
(1,479
)
 
7,937

Long-term liabilities of discontinued operations
—

 
5,567

 
5,567

Total liabilities
$
639,766

 
$
—

 
$
639,766

 
December 31, 2013
 
As Previously Reported
 
Physician Segment
 
As Adjusted
Cash and cash equivalents
$
37,350

 
$
(2,326
)
 
$
35,024

Accounts receivable, net
262,200

 
(20,295
)
 
241,905

Prepaid expenses and income taxes
8,686

 
(1,204
)
 
7,482

Deferred income tax assets
17,530

 
(3,156
)
 
14,374

Workers' compensation and medical malpractice receivable
21,200

 
(6,810
)
 
14,390

Other current assets
3,471

 
(400
)
 
3,071

Current assets of discontinued operations
—

 
34,191

 
34,191

Total current assets
350,437

 
—

 
350,437

 
 
 
 
 
 
Property and equipment, net
38,128

 
(2,080
)
 
36,048

Goodwill
573,063

 
(58,637
)
 
514,426

Identifiable intangible assets, net
287,855

 
(14,232
)
 
273,623

Other non-current assets
9,326

 
(639
)
 
8,687

Non-current assets of discontinued operations
—

 
75,588

 
75,588

Total assets
$
1,258,809

 
$
—

 
$
1,258,809

 
 
 
 
 
 
Current portion of long-term debt
$
10,000

 
$
—

 
$
10,000

Accounts payable
8,370

 
(1,010
)
 
7,360

Accrued payroll and contract professional pay
76,567

 
(4,321
)
 
72,246

Workers’ compensation and medical malpractice loss reserves
32,751

 
(15,628
)
 
17,123

Income taxes payable
13,120

 
—

 
13,120

Other current liabilities
27,487

 
(1,027
)
 
26,460

Current liabilities of discontinued operations
—

 
21,986

 
21,986

Total current liabilities
168,295

 
—

 
168,295

 
 
 
 
 
 
Long-term debt
389,813

 
—

 
389,813

Deferred income tax liabilities
50,606

 
(3,817
)
 
46,789

Other long-term liabilities
9,962

 
(1,365
)
 
8,597

Long-term liabilities of discontinued operations
—

 
5,182

 
5,182

Total liabilities
$
618,676

 
$
—

 
$
618,676



Cash flows from discontinued operations are included in the consolidated statements of cash flows for the years ended December 31, 2014, 2013 and 2012. The cash flows that are attributable to the Physician Segment are as follows:
 
Year Ended
 
December 31,
 
2014
 
2013
 
2012
Net cash provided by (used in) operating activities
$
836

 
$
(108
)
 
$
123

Net cash used in investing activities

$
(308
)
 
$
(183
)
 
$
(574
)
 


 


 



The following is a summary of the operating results of all of the Company's discontinued operations (in thousands):
 
Year Ended
 
December 31,
 
2014
 
2013
 
2012
Revenues
$
137,166

 
$
153,465

 
$
207,770

Cost of services
94,848

 
106,728

 
144,701

Gross profit
42,318

 
46,737

 
63,069

Selling, general and administrative expenses
33,078

 
38,991

 
42,334

Amortization of intangible assets
2,721

 
808

 
969

Operating income
6,519

 
6,938

 
19,766

Interest expense, net
—

 
(2,456
)
 
(4,415
)
Income before income taxes
6,519

 
4,482

 
15,351

Provision for income taxes
2,830

 
1,950

 
6,161

Income from discontinued operations
$
3,689

 
$
2,532

 
$
9,190

 
 
 
 
 
 
Schedule of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet and Additional Disclosures [Table Text Block]
The following table is a reconciliation of the major classes of assets and liabilities of the Physician Segment that are presented separately in the consolidated balance sheets at December 31, 2014 and December 31, 2013, to the previously reported balances:
 
December 31, 2014
 
As Previously Reported
 
Physician Segment
 
As Adjusted
Cash and cash equivalents
$
31,714

 
$
(2,854
)
 
$
28,860

Accounts receivable, net
298,761

 
(21,615
)
 
277,146

Prepaid expenses and income taxes
14,513

 
(1,205
)
 
13,308

Deferred income tax assets
19,067

 
(3,321
)
 
15,746

Workers' compensation and medical malpractice receivable
18,728

 
(5,358
)
 
13,370

Other current assets
3,121

 
—

 
3,121

Current assets of discontinued operations
—

 
34,353

 
34,353

Total current assets
385,904

 
—

 
385,904

 
 
 
 
 
 
Property and equipment, net
46,819

 
(2,508
)
 
44,311

Goodwill
570,697

 
(58,637
)
 
512,060

Identifiable intangible assets, net
262,569

 
(11,960
)
 
250,609

Other non-current assets
8,185

 
(568
)
 
7,617

Non-current assets of discontinued operations
—

 
73,673

 
73,673

Total assets
$
1,274,174

 
$
—

 
$
1,274,174

 
 
 
 
 
 
Current portion of long-term debt
$
18,250

 
$
—

 
$
18,250

Accounts payable
8,876

 
(951
)
 
7,925

Accrued payroll and contract professional pay
87,189

 
(4,626
)
 
82,563

Workers’ compensation and medical malpractice loss reserves
29,135

 
(13,571
)
 
15,564

Income taxes payable
340

 
—

 
340

Other current liabilities
21,776

 
(1,047
)
 
20,729

Current liabilities of discontinued operations
—

 
20,195

 
20,195

Total current liabilities
165,566

 
—

 
165,566

 
 
 
 
 
 
Long-term debt
396,875

 
—

 
396,875

Deferred income tax liabilities
67,909

 
(4,088
)
 
63,821

Other long-term liabilities
9,416

 
(1,479
)
 
7,937

Long-term liabilities of discontinued operations
—

 
5,567

 
5,567

Total liabilities
$
639,766

 
$
—

 
$
639,766

 
December 31, 2013
 
As Previously Reported
 
Physician Segment
 
As Adjusted
Cash and cash equivalents
$
37,350

 
$
(2,326
)
 
$
35,024

Accounts receivable, net
262,200

 
(20,295
)
 
241,905

Prepaid expenses and income taxes
8,686

 
(1,204
)
 
7,482

Deferred income tax assets
17,530

 
(3,156
)
 
14,374

Workers' compensation and medical malpractice receivable
21,200

 
(6,810
)
 
14,390

Other current assets
3,471

 
(400
)
 
3,071

Current assets of discontinued operations
—

 
34,191

 
34,191

Total current assets
350,437

 
—

 
350,437

 
 
 
 
 
 
Property and equipment, net
38,128

 
(2,080
)
 
36,048

Goodwill
573,063

 
(58,637
)
 
514,426

Identifiable intangible assets, net
287,855

 
(14,232
)
 
273,623

Other non-current assets
9,326

 
(639
)
 
8,687

Non-current assets of discontinued operations
—

 
75,588

 
75,588

Total assets
$
1,258,809

 
$
—

 
$
1,258,809

 
 
 
 
 
 
Current portion of long-term debt
$
10,000

 
$
—

 
$
10,000

Accounts payable
8,370

 
(1,010
)
 
7,360

Accrued payroll and contract professional pay
76,567

 
(4,321
)
 
72,246

Workers’ compensation and medical malpractice loss reserves
32,751

 
(15,628
)
 
17,123

Income taxes payable
13,120

 
—

 
13,120

Other current liabilities
27,487

 
(1,027
)
 
26,460

Current liabilities of discontinued operations
—

 
21,986

 
21,986

Total current liabilities
168,295

 
—

 
168,295

 
 
 
 
 
 
Long-term debt
389,813

 
—

 
389,813

Deferred income tax liabilities
50,606

 
(3,817
)
 
46,789

Other long-term liabilities
9,962

 
(1,365
)
 
8,597

Long-term liabilities of discontinued operations
—

 
5,182

 
5,182

Total liabilities
$
618,676

 
$
—

 
$
618,676

 
Year Ended
 
December 31,
 
2014
 
2013
 
2012
Revenues
$
137,166

 
$
153,465

 
$
207,770

Cost of services
94,848

 
106,728

 
144,701

Gross profit
42,318

 
46,737

 
63,069

Selling, general and administrative expenses
33,078

 
38,991

 
42,334

Amortization of intangible assets
2,721

 
808

 
969

Operating income
6,519

 
6,938

 
19,766

Interest expense, net
—

 
(2,456
)
 
(4,415
)
Income before income taxes
6,519

 
4,482

 
15,351

Provision for income taxes
2,830

 
1,950

 
6,161

Income from discontinued operations
$
3,689

 
$
2,532

 
$
9,190

 
 
 
 
 
 
The cash flows that are attributable to the Physician Segment are as follows:
 
Year Ended
 
December 31,
 
2014
 
2013
 
2012
Net cash provided by (used in) operating activities
$
836

 
$
(108
)
 
$
123

Net cash used in investing activities

$
(308
)
 
$
(183
)
 
$
(574
)