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v3.23.3

Segment Reporting (Tables) | 9 Months Ended
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Sep. 30, 2023
Segment Reporting Information [Line Items] |
Schedule of Segment Reporting Information, by Segment |
|  | Three Months Ended |  | Nine Months Ended |  |
|  | September 30, |  | September 30, |  |
|  | 2023 |  | 2022 |  | 2023 |  | 2022 |  |  |  |
Commercial |  |  |  |  |  |  |  |  |  |  |  |
Revenues |  | $ | 782.4 |  |  | $ | 900.0 |  |  | $ | 2,425.8 |  |  | $ | 2,583.5 |  |  |  |  |
Gross profit |  | 254.2 |  |  | 297.8 |  |  | 777.5 |  |  | 852.1 |  |  |  |  |
Operating income |  | 91.4 |  |  | 108.7 |  |  | 267.0 |  |  | 319.6 |  |  |  |  |
Depreciation |  | 5.0 |  |  | 5.0 |  |  | 14.5 |  |  | 12.0 |  |  |  |  |
Amortization |  | 8.6 |  |  | 9.9 |  |  | 26.1 |  |  | 21.1 |  |  |  |  |
Federal Government |  |  |  |  |  |  |  |  |  |  |  |
Revenues |  | $ | 334.4 |  |  | $ | 297.9 |  |  | $ | 950.7 |  |  | $ | 847.2 |  |  |  |  |
Gross profit |  | 68.2 |  |  | 61.1 |  |  | 197.6 |  |  | 177.4 |  |  |  |  |
Operating income |  | 27.2 |  |  | 23.0 |  |  | 74.9 |  |  | 66.4 |  |  |  |  |
Depreciation |  | 1.4 |  |  | 1.3 |  |  | 4.3 |  |  | 4.2 |  |  |  |  |
Amortization |  | 9.2 |  |  | 8.0 |  |  | 27.7 |  |  | 24.2 |  |  |  |  |
Consolidated |  |  |  |  |  |  |  |  |  |  |  |
Revenues |  | $ | 1,116.8 |  |  | $ | 1,197.9 |  |  | $ | 3,376.5 |  |  | $ | 3,430.7 |  |  |  |  |
Gross profit |  | 322.4 |  |  | 358.9 |  |  | 975.1 |  |  | 1,029.5 |  |  |  |  |
Operating income |  | 98.6 |  |  | 108.4 |  |  | 280.7 |  |  | 319.1 |  |  |  |  |
Depreciation |  | 7.0 |  |  | 7.2 |  |  | 20.8 |  |  | 19.5 |  |  |  |  |
Amortization |  | 17.8 |  |  | 17.9 |  |  | 53.8 |  |  | 45.3 |  |  |  |  |
_______ |  |  |  |  |  |  |  |  |  |  |  |
Consolidated operating income includes corporate operating expenses, which are not allocated to the segments. These include stock-based compensation expense, depreciation expense, compensation for corporate employees, acquisition, integration and strategic planning expenses, and public company expenses. |  |  |  |
Disaggregation of Revenue | Revenues by segment and by type are as follows (in millions):
|  | Three Months Ended |  | Nine Months Ended |  |
|  | September 30, |  | September 30, |  |
|  | 2023 |  | 2022 |  | 2023 |  | 2022 |  |  |  |
Commercial |  |  |  |  |  |  |  |  |  |  |  |
Assignment |  | $ | 508.2 |  |  | $ | 631.4 |  |  | $ | 1,598.8 |  |  | $ | 1,888.0 |  |  |  |  |
Consulting |  | 274.2 |  |  | 268.6 |  |  | 827.0 |  |  | 695.5 |  |  |  |  |
|  | 782.4 |  |  | 900.0 |  |  | 2,425.8 |  |  | 2,583.5 |  |  |  |  |
Federal Government |  |  |  |  |  |  |  |  |  |  |  |
Firm-fixed-price |  | 107.3 |  |  | 91.7 |  |  | 297.9 |  |  | 242.9 |  |  |  |  |
Time and materials |  | 126.8 |  |  | 113.7 |  |  | 377.9 |  |  | 338.5 |  |  |  |  |
Cost reimbursable |  | 100.3 |  |  | 92.5 |  |  | 274.9 |  |  | 265.8 |  |  |  |  |
|  | 334.4 |  |  | 297.9 |  |  | 950.7 |  |  | 847.2 |  |  |  |  |
Consolidated |  | $ | 1,116.8 |  |  | $ | 1,197.9 |  |  | $ | 3,376.5 |  |  | $ | 3,430.7 |  |  |  |  |
Revenue from External Customers by Products and Services | Federal Government Segment revenues by customer type are as follows (in millions):
|  | Three Months Ended |  | Nine Months Ended |  |
|  | September 30, |  | September 30, |  |
|  | 2023 |  | 2022 |  | 2023 |  | 2022 |  |  |  |
Department of Defense and Intelligence Agencies |  | $ | 164.8 |  |  | $ | 165.5 |  |  | $ | 452.7 |  |  | $ | 458.4 |  |  |  |  |
Federal Civilian |  | 159.5 |  |  | 124.8 |  |  | 468.3 |  |  | 361.9 |  |  |  |  |
Other |  | 10.1 |  |  | 7.6 |  |  | 29.7 |  |  | 26.9 |  |  |  |  |
|  | $ | 334.4 |  |  | $ | 297.9 |  |  | $ | 950.7 |  |  | $ | 847.2 |  |  |  |  |

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