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Segment Reporting (Notes)

9 Months Ended

Sep. 30, 2019

Segment Reporting [Abstract]

Segment Reporting

11. Segment Reporting 

ASGN provides IT and professional staffing services in the technology, digital, creative, engineering and life sciences fields across commercial and government sectors. ASGN operates through its Apex, Oxford and ECS segments. The Apex Segment provides technology, digital, creative, scientific, engineering and consulting services to Fortune 1000 and mid-market clients across the United States and Canada. The businesses in this segment include Apex Systems and Creative Circle. The Oxford Segment provides hard-to-find technology, digital, engineering and life sciences resources, along with consulting services, in select skill and geographic markets in the United States and Europe. The businesses in this segment include Oxford Global Resources and CyberCoders. The ECS Segment delivers advanced solutions in cloud, cybersecurity, artificial intelligence, machine learning, application and IT modernization, science, and engineering.

The Company’s management evaluates the performance of each segment primarily based on revenues, gross profit and operating income. The information in the following tables is derived directly from the segments’ internal financial reporting used for corporate management purposes.

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.

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

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	%

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

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- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-URI http://asc.fasb.org/topic&trid=2134510

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