XML 29 R17.htm IDEA: XBRL DOCUMENT
v3.20.2

Segment Reporting (Notes) | 6 Months Ended
--- | ---
Jun. 30, 2020
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 staffing and consulting services to Fortune 1000 and mid-market clients across the United States and Canada. The Oxford Segment provides hard-to-find technology, digital, engineering and life sciences staffing and consulting services in select skill and geographic markets in the United States and Europe. The Company’s commercial business is comprised of the Apex and Oxford segments. The ECS Segment, the Company’s federal government IT solutions business, delivers advanced solutions in cloud, cybersecurity, artificial intelligence, machine learning, application and IT modernization, science and engineering to U.S. defense, intelligence and federal civilian agencies. The Company has three major revenue streams: (i) contract, (ii) permanent placement and (iii) federal government IT solutions. The Company’s contract revenues are comprised of assignment revenues and consulting revenues. Consulting services consist of deliverables-based projects including support service centers and managed projects such as software development. 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 internal financial reporting of the segments used for corporate management purposes. The following tables present revenues, gross profit, operating income and amortization by segment (in millions):
|  | Three Months Ended |  | Six Months Ended
|  | June 30, |  | June 30,
|  | 2020 |  | 2019 |  | 2020 |  | 2019
Apex |  |  |  |  |  |  |  |
Revenues |  | $ | 576.9 |  |  | $ | 628.5 |  |  | $ | 1,206.0 |  |  | $ | 1,234.6 |
Gross profit |  | 170.6 |  |  | 187.8 |  |  | 355.1 |  |  | 363.2 |
Operating income |  | 66.0 |  |  | 72.9 |  |  | 133.1 |  |  | 133.9 |
Amortization |  | 5.5 |  |  | 5.5 |  |  | 10.8 |  |  | 11.5 |
Oxford |  |  |  |  |  |  |  |
Revenues |  | $ | 120.2 |  |  | $ | 153.2 |  |  | $ | 268.9 |  |  | $ | 302.8 |
Gross profit |  | 46.4 |  |  | 62.5 |  |  | 105.7 |  |  | 121.4 |
Operating income |  | 7.8 |  |  | 11.0 |  |  | 18.9 |  |  | 22.7 |
Amortization |  | 0.1 |  |  | 1.0 |  |  | 0.3 |  |  | 2.0 |
ECS |  |  |  |  |  |  |  |
Revenues |  | $ | 239.7 |  |  | $ | 190.6 |  |  | $ | 452.4 |  |  | $ | 358.6 |
Gross profit |  | 43.8 |  |  | 34.9 |  |  | 80.9 |  |  | 64.5 |
Operating income |  | 16.2 |  |  | 10.9 |  |  | 27.5 |  |  | 17.8 |
Amortization |  | 7.0 |  |  | 6.6 |  |  | 13.6 |  |  | 13.4 |
Consolidated |  |  |  |  |  |  |  |
Revenues |  | $ | 936.8 |  |  | $ | 972.3 |  |  | $ | 1,927.3 |  |  | $ | 1,896.0 |
Gross profit |  | 260.8 |  |  | 285.2 |  |  | 541.7 |  |  | 549.1 |
Operating income(1) |  | 76.0 |  |  | 73.3 |  |  | 146.9 |  |  | 136.0 |
Amortization |  | 12.6 |  |  | 13.1 |  |  | 24.7 |  |  | 26.9 |
____________
(1) | Consolidated operating income includes corporate operating expenses, which are not allocated to the segments, 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 segment revenues by type (in millions):
|  | Three Months Ended |  | Six Months Ended
|  | June 30, |  | June 30,
|  | 2020 |  | 2019 |  | 2020 |  | 2019
Apex |  |  |  |  |  |  |  |
Contract — |  |  |  |  |  |  |  |
Assignment |  | $ | 483.8 |  |  | $ | 533.5 |  |  | $ | 1,010.1 |  |  | $ | 1,053.3 |
Consulting |  | 85.3 |  |  | 79.5 |  |  | 174.9 |  |  | 151.9 |
|  | 569.1 |  |  | 613.0 |  |  | 1,185.0 |  |  | 1,205.2 |
Permanent placement |  | 7.8 |  |  | 15.5 |  |  | 21.0 |  |  | 29.4 |
|  | 576.9 |  |  | 628.5 |  |  | 1,206.0 |  |  | 1,234.6 |
Oxford |  |  |  |  |  |  |  |
Contract — |  |  |  |  |  |  |  |
Assignment |  | $ | 96.2 |  |  | $ | 117.1 |  |  | $ | 211.1 |  |  | $ | 234.7 |
Consulting |  | 11.1 |  |  | 14.3 |  |  | 24.3 |  |  | 26.1 |
|  | 107.3 |  |  | 131.4 |  |  | 235.4 |  |  | 260.8 |
Permanent placement |  | 12.9 |  |  | 21.8 |  |  | 33.5 |  |  | 42.0 |
|  | 120.2 |  |  | 153.2 |  |  | 268.9 |  |  | 302.8 |
ECS |  |  |  |  |  |  |  |
Firm-fixed-price |  | $ | 63.5 |  |  | $ | 46.1 |  |  | $ | 120.5 |  |  | $ | 89.4 |
Time and materials |  | 81.4 |  |  | 70.8 |  |  | 153.8 |  |  | 132.2 |
Cost reimbursable |  | 94.8 |  |  | 73.7 |  |  | 178.1 |  |  | 137.0 |
|  | 239.7 |  |  | 190.6 |  |  | 452.4 |  |  | 358.6 |
Consolidated |  | $ | 936.8 |  |  | $ | 972.3 |  |  | $ | 1,927.3 |  |  | $ | 1,896.0 |
The Company operates internationally, with operations mainly in the United States. The following table presents revenues within and outside of the United States (in millions):
|  | Three Months Ended |  | Six Months Ended
|  | June 30, |  | June 30,
|  | 2020 |  | % |  | 2019 |  | % |  | 2020 |  | % |  | 2019 |  | %
Revenues: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Domestic |  | $ | 897.9 |  |  | 95.8 | % |  | $ | 929.8 |  |  | 95.6 | % |  | $ | 1,843.3 |  |  | 95.6 | % |  | $ | 1,810.9 |  |  | 95.5 | %
Foreign |  | 38.9 |  |  | 4.2 | % |  | 42.5 |  |  | 4.4 | % |  | 84.0 |  |  | 4.4 | % |  | 85.1 |  |  | 4.5 | %
|  | $ | 936.8 |  |  | 100.0 | % |  | $ | 972.3 |  |  | 100.0 | % |  | $ | 1,927.3 |  |  | 100.0 | % |  | $ | 1,896.0 |  |  | 100.0 | %
The following table presents the ECS segment (federal government IT solutions) revenues by customer type (in millions):
|  | Three Months Ended |  | Six Months Ended
|  | June 30, |  | June 30,
|  | 2020 |  | 2019 |  | 2020 |  | 2019
Department of Defense and Intelligence Agencies |  | $ | 127.1 |  |  | $ | 107.6 |  |  | $ | 242.0 |  |  | $ | 203.6 |
Federal Civilian |  | 96.0 |  |  | 71.3 |  |  | 180.6 |  |  | 131.5 |
Other |  | 16.6 |  |  | 11.7 |  |  | 29.8 |  |  | 23.5 |
|  | $ | 239.7 |  |  | $ | 190.6 |  |  | $ | 452.4 |  |  | $ | 358.6 |

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8924-108599 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8981-108599 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8721-108599 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9031-108599 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (f) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8736-108599 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9054-108599 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8657-108599 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8721-108599 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
Name: | us-gaap_SegmentReportingDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration