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v3.23.3

Segment Reporting (Notes) | 9 Months Ended
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Sep. 30, 2023
Segment Reporting [Abstract] |
Segment Reporting Disclosure | Segment Reporting ASGN provides information technology ("IT") services and professional solutions across the commercial and government sectors. ASGN operates through two segments, Commercial and Federal Government. The Commercial Segment, which is the largest segment, provides consulting, creative digital marketing and permanent placement services primarily to large enterprises and Fortune 1000 companies. The Federal Government Segment provides mission-critical solutions to the Department of Defense, the intelligence community and federal civilian agencies. Virtually all of the Company's revenues are generated in the United States. Management evaluates the performance of each segment primarily based on revenues, gross profit and operating income derived directly from internal financial reporting of the segments used for corporate management purposes, which is presented below by segment (in millions):
|  | 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. |  |  |  |
The majority of the revenues from the Commercial Segment are generated from time-and-materials ("T&M") contracts where payments are based on fixed hourly rates for each direct labor hour expended and reimbursements for allowable material costs and out-of-pocket expenses. Revenues from the Federal Government Segment are generated from: (i) firm-fixed-price, (ii) T&M, and (iii) cost reimbursable contracts. 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 |  |  |  |  |
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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- 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 -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-15 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-31 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 42 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-42 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 40 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-40 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//280/tableOfContent Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 26 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-26 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 34 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-34 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 41 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-41 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-21 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-21 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 + Details
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