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v3.25.1

Segment Reporting (Tables) | 3 Months Ended
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Mar. 31, 2025
Segment Reporting [Abstract] |
Schedule of Segment Reporting Information, by Segment | The Company's chief executive officer ("CEO") is the chief operating decision maker and he reviews segment revenues, gross profit and operating income for each segment. He also considers forecast-to-actual variances on a monthly basis for these profit measures when making decisions about allocating resources to the segments and uses these segment profit measures in the annual budget process. Segment information is as follows (in millions):
|  | Three Months Ended March 31, 2025
|  | Commercial |  | Federal Government |  | Total
Revenues |  |  |  |  |  |
Consulting |  | $ | 290.1 |  |  | $ | 296.1 |  |  | $ | 586.2 |
Assignment |  | 382.1 |  |  | — |  |  | 382.1 |
|  | 672.2 |  |  | 296.1 |  |  | 968.3 |
Costs of services |  | 454.5 |  |  | 238.4 |  |  | 692.9 |
Gross profit |  | 217.7 |  |  | 57.7 |  |  | 275.4 |
Segment depreciation and other amortization |  | 9.0 |  |  | 1.5 |  |  | 10.5 |
Other segment expenses |  | 146.0 |  |  | 29.7 |  |  | 175.7 |
Segment SG&A expenses |  | 155.0 |  |  | 31.2 |  |  | 186.2 |
Amortization of intangible assets |  | 7.8 |  |  | 6.5 |  |  | 14.3 |
Segment operating income |  | 54.9 |  |  | 20.0 |  |  | 74.9 |
Corporate SG&A expenses |  |  |  |  |  | 28.3 |
Operating income |  |  |  |  |  | 46.6 |
Interest expense, net |  |  |  |  |  | 15.4 |
Income before taxes |  |  |  |  |  | $ | 31.2 |
|  | Three Months Ended March 31, 2024
|  | Commercial |  | Federal Government |  | Total
Revenues |  |  |  |  |  |
Consulting |  | $ | 277.0 |  |  | $ | 317.5 |  |  | $ | 594.5 |
Assignment |  | 454.5 |  |  | — |  |  | 454.5 |
|  | 731.5 |  |  | 317.5 |  |  | 1,049.0 |
Costs of services |  | 497.7 |  |  | 255.1 |  |  | 752.8 |
Gross profit |  | 233.8 |  |  | 62.4 |  |  | 296.2 |
Segment depreciation and other amortization |  | 7.2 |  |  | 1.3 |  |  | 8.5 |
Other segment expenses |  | 150.1 |  |  | 30.7 |  |  | 180.8 |
Segment SG&A expenses |  | 157.3 |  |  | 32.0 |  |  | 189.3 |
Amortization of intangible assets |  | 7.7 |  |  | 7.4 |  |  | 15.1 |
Segment operating income |  | 68.8 |  |  | 23.0 |  |  | 91.8 |
Corporate SG&A expenses |  |  |  |  |  | 20.9 |
Operating income |  |  |  |  |  | 70.9 |
Interest expense, net |  |  |  |  |  | 17.6 |
Income before taxes |  |  |  |  |  | $ | 53.3 |
Disaggregation of Revenue |
|  | Three Months Ended |  |  |  |
|  | March 31, |  |  |  |
|  | 2025 |  | 2024 |  |  |  |  |  |  |  |
Firm-fixed-price |  | $ | 90.0 |  |  | $ | 89.2 |  |  |  |  |  |  |  |  |
T&M |  | 126.1 |  |  | 131.2 |  |  |  |  |  |  |  |  |
Cost reimbursable |  | 80.0 |  |  | 97.1 |  |  |  |  |  |  |  |  |
|  | $ | 296.1 |  |  | 317.5 |  |  |  |  |  |  |  |  |
Revenue from External Customers by Products and Services | Federal Government Segment revenues by customer type are as follows (in millions):
|  | Three Months Ended |  |  |  |
|  | March 31, |  |  |  |
|  | 2025 |  | 2024 |  |  |  |  |  |  |  |
Department of Defense and Intelligence Agencies |  | $ | 128.9 |  |  | $ | 150.1 |  |  |  |  |  |  |  |  |
Federal Civilian |  | 112.5 |  |  | 120.6 |  |  |  |  |  |  |  |  |
Department of Homeland Security |  | 45.6 |  |  | 37.2 |  |  |  |  |  |  |  |  |
Other |  | 9.1 |  |  | 9.6 |  |  |  |  |  |  |  |  |
|  | $ | 296.1 |  |  | $ | 317.5 |  |  |  |  |  |  |  |  |

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- Definition Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-5 + Details
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- Definition Tabular disclosure of entity-wide revenues from external customers for each product or service or each group of similar products or services if the information is not provided as part of the reportable operating segment information. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-40 + Details
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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
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