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Segment Reporting (Notes) | 9 Months Ended
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Sep. 30, 2020
Segment Reporting [Abstract] |
Segment Reporting Disclosure | 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 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. Virtually all of the Company's revenues are generated in the United States. Revenues from outside the United States accounted for less than 5.0 percent of consolidated revenues. The Company has three major revenue sources: (i) contract, (ii) permanent placement and (iii) federal government. 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 |  | Nine Months Ended
|  | September 30, |  | September 30,
|  | 2020 |  | 2019 |  | 2020 |  | 2019
Apex |  |  |  |  |  |  |  |
Revenues |  | $ | 596.1 |  |  | $ | 644.1 |  |  | $ | 1,802.1 |  |  | $ | 1,878.7 |
Gross profit |  | 173.0 |  |  | 192.2 |  |  | 528.1 |  |  | 555.4 |
Operating income |  | 69.4 |  |  | 79.2 |  |  | 202.3 |  |  | 213.1 |
Amortization |  | 5.7 |  |  | 4.0 |  |  | 16.5 |  |  | 15.5 |
Oxford |  |  |  |  |  |  |  |
Revenues |  | $ | 127.2 |  |  | $ | 152.5 |  |  | $ | 396.1 |  |  | $ | 455.3 |
Gross profit |  | 52.1 |  |  | 61.9 |  |  | 157.8 |  |  | 183.3 |
Operating income |  | 12.1 |  |  | 13.6 |  |  | 31.0 |  |  | 36.3 |
Amortization |  | 0.2 |  |  | 1.0 |  |  | 0.5 |  |  | 3.0 |
ECS |  |  |  |  |  |  |  |
Revenues |  | $ | 288.6 |  |  | $ | 206.1 |  |  | $ | 741.0 |  |  | $ | 564.7 |
Gross profit |  | 45.9 |  |  | 37.3 |  |  | 126.8 |  |  | 101.8 |
Operating income |  | 16.7 |  |  | 12.7 |  |  | 44.3 |  |  | 30.5 |
Amortization |  | 7.0 |  |  | 6.9 |  |  | 20.6 |  |  | 20.3 |
Consolidated |  |  |  |  |  |  |  |
Revenues |  | $ | 1,011.9 |  |  | $ | 1,002.7 |  |  | $ | 2,939.2 |  |  | $ | 2,898.7 |
Gross profit |  | 271.0 |  |  | 291.4 |  |  | 812.7 |  |  | 840.5 |
Operating income(1) |  | 80.9 |  |  | 90.9 |  |  | 227.8 |  |  | 226.9 |
Amortization |  | 12.9 |  |  | 11.9 |  |  | 37.6 |  |  | 38.8 |
___________________ (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 |  | Nine Months Ended
|  | September 30, |  | September 30,
|  | 2020 |  | 2019 |  | 2020 |  | 2019
Apex |  |  |  |  |  |  |  |
Assignment |  | $ | 492.2 |  |  | $ | 544.7 |  |  | $ | 1,502.3 |  |  | $ | 1,598.0 |
Consulting |  | 96.6 |  |  | 85.1 |  |  | 271.5 |  |  | 237.0 |
Permanent placement |  | 7.3 |  |  | 14.3 |  |  | 28.3 |  |  | 43.7 |
|  | 596.1 |  |  | 644.1 |  |  | 1,802.1 |  |  | 1,878.7 |
Oxford |  |  |  |  |  |  |  |
Assignment |  | $ | 95.8 |  |  | $ | 115.3 |  |  | $ | 306.9 |  |  | $ | 350.0 |
Consulting |  | 14.1 |  |  | 15.0 |  |  | 38.4 |  |  | 41.1 |
Permanent placement |  | 17.3 |  |  | 22.2 |  |  | 50.8 |  |  | 64.2 |
|  | 127.2 |  |  | 152.5 |  |  | 396.1 |  |  | 455.3 |
ECS |  |  |  |  |  |  |  |
Firm-fixed-price |  | $ | 82.0 |  |  | $ | 64.4 |  |  | $ | 201.2 |  |  | $ | 153.8 |
Time and materials |  | 80.8 |  |  | 68.4 |  |  | 234.6 |  |  | 200.6 |
Cost reimbursable |  | 125.8 |  |  | 73.3 |  |  | 305.2 |  |  | 210.3 |
|  | 288.6 |  |  | 206.1 |  |  | 741.0 |  |  | 564.7 |
Consolidated |  | $ | 1,011.9 |  |  | $ | 1,002.7 |  |  | $ | 2,939.2 |  |  | $ | 2,898.7 |
The following table presents the ECS Segment (federal government business) revenues by customer type (in millions):
|  | Three Months Ended |  | Nine Months Ended
|  | September 30, |  | September 30,
|  | 2020 |  | 2019 |  | 2020 |  | 2019
Department of Defense and Intelligence Agencies |  | $ | 172.0 |  |  | $ | 112.6 |  |  | $ | 414.4 |  |  | $ | 316.2 |
Federal Civilian |  | 96.2 |  |  | 82.0 |  |  | 276.1 |  |  | 213.5 |
Other |  | 20.4 |  |  | 11.5 |  |  | 50.5 |  |  | 35.0 |
|  | $ | 288.6 |  |  | $ | 206.1 |  |  | $ | 741.0 |  |  | $ | 564.7 |

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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 + Details
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