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Segment Reporting (Tables)

6 Months Ended

Jun. 30, 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 financial measures when making decisions about allocating resources to the segments and uses these segment financial measures in the annual budget process. Segment information is as follows (in millions):

						Three Months Ended June 30, 2025																		Six Months Ended June 30, 2025
						Commercial						Federal Government						Total						Commercial						Federal Government						Total
Revenues
Consulting						$	325.7					$	312.5					$	638.2					615.8						608.6						1,224.4
Assignment						382.4						—						382.4						764.5						—						764.5
						708.1						312.5						1,020.6						1,380.3						608.6						1,988.9
Costs of services						474.7						252.6						727.3						929.2						491.0						1,420.2
Gross profit						233.4						59.9						293.3						451.1						117.6						568.7
Segment depreciation and other amortization						9.0						1.5						10.5						18.0						3.0						21.0
Other segment expenses						149.3						28.6						177.9						295.3						58.3						353.6
Segment SG&A expenses						158.3						30.1						188.4						313.3						61.3						374.6
Amortization of intangible assets						10.5						6.4						16.9						18.3						12.9						31.2
Segment operating income						64.6						23.4						88.0						119.5						43.4						162.9
Corporate SG&A expenses																		28.4																		56.7
Operating income																		59.6																		106.2
Interest expense, net																		18.2																		33.6
Income before taxes																		41.4																		72.6
Provision for income taxes																		12.1																		22.4
Net income																		$	29.3																	$	50.2

						Three Months Ended June 30, 2024																		Six Months Ended June 30, 2024
						Commercial						Federal Government						Total						Commercial						Federal Government						Total
Revenues
Consulting						$	281.5					$	309.0					$	590.5					$	558.5					$	626.5					$	1,185.0
Assignment						444.2						—						444.2						898.7						—						898.7
						725.7						309.0						1,034.7						1,457.2						626.5						2,083.7
Costs of services						488.4						245.2						733.6						986.1						500.3						1,486.4
Gross profit						237.3						63.8						301.1						471.1						126.2						597.3
Segment depreciation and other amortization						7.3						1.2						8.5						14.5						2.5						17.0
Other segment expenses						147.6						30.5						178.1						297.7						61.2						358.9
Segment SG&A expenses						154.9						31.7						186.6						312.2						63.7						375.9
Amortization of intangible assets						7.7						7.4						15.1						15.4						14.8						30.2
Segment operating income						74.7						24.7						99.4						143.5						47.7						191.2
Corporate SG&A expenses																		19.0																		39.9
Operating income																		80.4																		151.3
Interest expense, net																		15.8																		33.4
Income before taxes																		64.6																		117.9
Provision for income taxes																		17.4																		32.6
Net income																		$	47.2																	$	85.3

    

__________

Costs of services include an immaterial amount of depreciation expense.

Other segment expenses include compensation-related expenses, rent, marketing, and other general and administrative expenses.

Corporate SG&A expenses include compensation-related expenses, stock-based compensation, depreciation, acquisition, integration and strategic planning expenses, and public company expenses.

Disaggregation of Revenue

Federal Government Segment revenues by contract type are as follows (in millions):

						Three Months Ended												Six Months Ended
						June 30,												June 30,
						2025						2024						2025						2024
Firm-fixed-price						$	86.0					$	92.0					176.0						181.2
T&M						128.1						136.2						254.2						267.4
Cost reimbursable						98.4						80.8						178.4						177.9
						$	312.5					309.0						608.6						626.5

Revenue from External Customers by Products and Services

Federal Government Segment revenues by customer type are as follows (in millions):

						Three Months Ended												Six Months Ended
						June 30,												June 30,
						2025						2024						2025						2024
Department of Defense and Intelligence Agencies						$	136.2					$	141.6					$	265.1					$	291.7
National Security						87.3						67.2						161.4						137.6
Federal Civilian						57.8						69.1						119.8						135.6
Other						31.2						31.1						62.3						61.6
						$	312.5					$	309.0					$	608.6					$	626.5

__________

Federal Government Segment revenues by customer type for the three and six months ended June 30, 2024, have been recast to conform to the current period presentation.

X

- 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

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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
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X

- 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

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-Topic 280
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-Paragraph 22
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-URI https://asc.fasb.org/1943274/2147482810/280-10-50-22

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-Topic 280
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-Section 50
-Paragraph 30
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