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Reportable Segments | 12 Months Ended
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Dec. 31, 2024
Segment Reporting [Abstract] |
Reportable Segments | 2. Reportable Segments Kforce’s two reportable segments are Technology and FA. Within each segment, we provide highly skilled professionals on a Flex and Direct Hire basis to our customers on traditional staffing engagements and increasingly, within our Technology segment, as a part of an overall solutions engagement. The chief operating decision-maker (“CODM”), our President and Chief Executive Officer, establishes the strategic direction of the Firm, its priorities and longer-term financial objectives. Our CODM is ultimately responsible for evaluating segment performance and making decisions regarding resource allocation. Our CODM evaluates performance based on, among others, revenue trends (relative to peers and market benchmarks) and segment gross profit, and other key leading indicators such as client visits, job order trends for traditional staffing assignments, opportunity pipeline reviews for solutions-oriented engagements, and trends in consultants on assignment. The CODM uses these financial metrics and productivity measures when making decisions about allocating capital and resources to the segments. Segment gross profit is defined as segment revenue, less direct costs attributable to the reportable segment. The CODM is not provided income from operations or asset information by reportable segment as operations are largely combined. The following table provides information on the operations of our segments:
(in thousands) | Technology |  | FA |  | Total
2024 |  |  |  |  |
Revenue | $ | 1,292,743 |  |  | $ | 112,565 |  |  | $ | 1,405,308 |
Direct costs | 950,589 |  |  | 69,274 |  |  | 1,019,863 |
Gross profit | $ | 342,154 |  |  | $ | 43,291 |  |  | $ | 385,445 |
Less: |  |  |  |  |
Selling, general and administrative expenses |  |  |  |  | 309,802 |
Depreciation and amortization |  |  |  |  | 5,922 |
Other expense, net |  |  |  |  | 2,097 |
Income from operations, before income taxes |  |  |  |  | $ | 67,624 |
2023 |  |  |  |  |
Revenue | $ | 1,384,553 |  |  | $ | 147,203 |  |  | $ | 1,531,756 |
Direct costs | 1,015,157 |  |  | 89,533 |  |  | 1,104,690 |
Gross profit | $ | 369,396 |  |  | $ | 57,670 |  |  | $ | 427,066 |
Less: |  |  |  |  |
Selling, general and administrative expenses |  |  |  |  | 334,933 |
Depreciation and amortization |  |  |  |  | 5,012 |
Other expense, net |  |  |  |  | 1,871 |
Income from operations, before income taxes |  |  |  |  | $ | 85,250 |
2022 |  |  |  |  |
Revenue | $ | 1,507,627 |  |  | $ | 203,138 |  |  | $ | 1,710,765 |
Direct costs | 1,085,705 |  |  | 123,953 |  |  | 1,209,658 |
Gross profit | $ | 421,922 |  |  | $ | 79,185 |  |  | $ | 501,107 |
Less: |  |  |  |  |
Selling, general and administrative expenses |  |  |  |  | 379,815 |
Depreciation and amortization |  |  |  |  | 4,427 |
Other expense, net |  |  |  |  | 14,423 |
Income from operations, before income taxes |  |  |  |  | $ | 102,442 |

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- Definition The entire disclosure for reporting segments including data and tables. 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