XML 14 R26.htm IDEA: XBRL DOCUMENT
v3.19.3

Segment Reporting (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2019
Segment Reporting Information [Line Items] |
Schedule of Segment Reporting Information, by Segment | The following tables present revenues, gross profit, operating income and amortization by reportable segment (in millions):
|  | Three Months Ended |  | Nine Months Ended
|  | September 30, |  | September 30,
|  | 2019 |  | 2018 |  | 2019 |  | 2018
Apex: |  |  |  |  |  |  |  |
Revenues |  | $ | 644.1 |  |  | $ | 589.6 |  |  | $ | 1,878.7 |  |  | $ | 1,695.7 |
Gross profit |  | 192.2 |  |  | 177.8 |  |  | 555.4 |  |  | 506.1 |
Operating income |  | 79.2 |  |  | 71.4 |  |  | 213.1 |  |  | 192.6 |
Amortization |  | 4.0 |  |  | 6.6 |  |  | 15.5 |  |  | 19.7 |
Oxford: |  |  |  |  |  |  |  |
Revenues |  | $ | 152.5 |  |  | $ | 152.8 |  |  | $ | 455.3 |  |  | $ | 455.3 |
Gross profit |  | 61.9 |  |  | 62.7 |  |  | 183.3 |  |  | 187.3 |
Operating income |  | 13.6 |  |  | 15.2 |  |  | 36.3 |  |  | 39.8 |
Amortization |  | 1.0 |  |  | 1.0 |  |  | 3.0 |  |  | 3.1 |
ECS: |  |  |  |  |  |  |  |
Revenues |  | $ | 206.1 |  |  | $ | 164.0 |  |  | $ | 564.7 |  |  | $ | 319.1 |
Gross profit |  | 37.3 |  |  | 29.6 |  |  | 101.8 |  |  | 58.3 |
Operating income |  | 12.7 |  |  | 4.3 |  |  | 30.5 |  |  | 8.0 |
Amortization |  | 6.9 |  |  | 11.0 |  |  | 20.3 |  |  | 21.9 |
Corporate(1) |  | $ | (14.6 | ) |  | $ | (16.7 | ) |  | $ | (53.0 | ) |  | $ | (54.8 | )
Consolidated: |  |  |  |  |  |  |  |
Revenues |  | $ | 1,002.7 |  |  | $ | 906.4 |  |  | $ | 2,898.7 |  |  | $ | 2,470.1 |
Gross profit |  | 291.4 |  |  | 270.1 |  |  | 840.5 |  |  | 751.7 |
Operating income |  | 90.9 |  |  | 74.2 |  |  | 226.9 |  |  | 185.6 |
Amortization |  | 11.9 |  |  | 18.6 |  |  | 38.8 |  |  | 44.7 |
____________ (1) Parent company operating expenses consisting of consolidated stock-based compensation expense, compensation for corporate employees, acquisition, integration and strategic planning expenses, public company expenses and depreciation expense for corporate assets.
Disaggregation of Revenue | The following table presents revenues disaggregated by type (in millions):
|  | Three Months Ended |  | Nine Months Ended
|  | September 30, |  | September 30,
|  | 2019 |  | 2018 |  | 2019 |  | 2018
Apex: |  |  |  |  |  |  |  |
Assignment |  | $ | 629.8 |  |  | $ | 575.2 |  |  | $ | 1,835.0 |  |  | $ | 1,653.8 |
Permanent placement |  | 14.3 |  |  | 14.4 |  |  | 43.7 |  |  | 41.9 |
|  | $ | 644.1 |  |  | $ | 589.6 |  |  | $ | 1,878.7 |  |  | $ | 1,695.7 |
Oxford: |  |  |  |  |  |  |  |
Assignment |  | $ | 130.3 |  |  | $ | 130.4 |  |  | $ | 391.1 |  |  | $ | 386.1 |
Permanent placement |  | 22.2 |  |  | 22.4 |  |  | 64.2 |  |  | 69.2 |
|  | $ | 152.5 |  |  | $ | 152.8 |  |  | $ | 455.3 |  |  | $ | 455.3 |
ECS: |  |  |  |  |  |  |  |
Firm-fixed-price |  | $ | 64.4 |  |  | $ | 48.2 |  |  | $ | 153.8 |  |  | $ | 93.0 |
Time and materials |  | 68.4 |  |  | 42.1 |  |  | 200.6 |  |  | 91.1 |
Cost-plus-fixed-fee |  | 73.3 |  |  | 73.7 |  |  | 210.3 |  |  | 135.0 |
|  | $ | 206.1 |  |  | $ | 164.0 |  |  | $ | 564.7 |  |  | $ | 319.1 |
Consolidated |  | $ | 1,002.7 |  |  | $ | 906.4 |  |  | $ | 2,898.7 |  |  | $ | 2,470.1 |
Schedule of Revenue by Geographical Areas | The Company operates internationally, with operations mainly in the United States. The following table presents revenues by geographic location (in millions):
|  | Three Months Ended |  | Nine Months Ended |  |
|  | September 30, |  | September 30, |  |
|  | 2019 |  | % |  | 2018 |  | % |  | 2019 |  | % |  | 2018 |  | %
Revenues: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Domestic |  | $ | 958.4 |  |  | 95.6 | % |  | $ | 867.7 |  |  | 95.7 | % |  | $ | 2,769.3 |  |  | 95.5 | % |  | $ | 2,353.0 |  |  | 95.3 | %
Foreign |  | 44.3 |  |  | 4.4 | % |  | 38.7 |  |  | 4.3 | % |  | 129.4 |  |  | 4.5 | % |  | 117.1 |  |  | 4.7 | %
|  | $ | 1,002.7 |  |  | 100.0 | % |  | $ | 906.4 |  |  | 100.0 | % |  | $ | 2,898.7 |  |  | 100.0 | % |  | $ | 2,470.1 |  |  | 100.0 | %
Revenue from External Customers by Products and Services | The following table presents the ECS segment revenues by customer type (in millions):
|  | Three Months Ended |  | Nine Months Ended
|  | September 30, |  | September 30,
|  | 2019 |  | 2018 |  | 2019 |  | 2018
Department of Defense and Intelligence Agencies |  | $ | 112.6 |  |  | $ | 101.5 |  |  | $ | 316.2 |  |  | $ | 197.0 |
Federal Civilian |  | 82.0 |  |  | 52.6 |  |  | 213.5 |  |  | 103.6 |
Other |  | 11.5 |  |  | 9.9 |  |  | 35.0 |  |  | 18.5 |
|  | $ | 206.1 |  |  | $ | 164.0 |  |  | $ | 564.7 |  |  | $ | 319.1 |

X
- Definition Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=118956577&loc=SL49130545-203045 + Details
Name: | us-gaap_DisaggregationOfRevenueTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of revenue from external customers by geographic areas attributed to the entity's country of domicile and to foreign countries from which the entity derives revenue. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -Subparagraph a -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e9038-108599 + Details
Name: | us-gaap_RevenueFromExternalCustomersByGeographicAreasTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of entity-wide revenues from external customers for each product or service or each group of similar products or services if the information is not provided as part of the reportable operating segment information. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e9031-108599 + Details
Name: | us-gaap_ScheduleOfEntityWideInformationRevenueFromExternalCustomersByProductsAndServicesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8736-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8813-108599 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=108376223&loc=d3e13816-109267 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8721-108599 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8906-108599 + Details
Name: | us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. + References No definition available. + Details
Name: | us-gaap_SegmentReportingInformationLineItems
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration