XML 37 R26.htm IDEA: XBRL DOCUMENT v3.21.1
Segment Disclosures
3 Months Ended
Apr. 04, 2021
Segment Reporting [Abstract]  
Segment Disclosures Segment Disclosures
The Company’s operating segments, which also represent its reporting segments, are based on the organizational structure for which financial results are regularly evaluated by the Company’s chief operating decision-maker ("CODM", the Company’s CEO) to determine resource allocation and assess performance. The Company’s five reportable segments, (1) Professional & Industrial, (2) Science, Engineering & Technology, (3) Education, (4) Outsourcing & Consulting, and (5) International, reflect the specialty services the Company provides to customers and represent how the business is organized internally. Intersegment revenue represents revenue earned between the reportable segments and is eliminated from total segment revenue from services. Consistent with the information provided to and evaluated by the CODM, the goodwill impairment charge in the first quarter of 2020 was included in Corporate expenses.
The following tables present information about the reported revenue from services and gross profit of the Company by segment, along with a reconciliation to earnings (loss) before taxes and equity in net earnings (loss) of affiliate, for the first quarter 2021 and 2020. The Company changed its reportable segments during the third quarter of 2020. As a result, certain reclassifications have been made to the reportable segment results for the first quarter of 2020 to conform to the updated reportable segment presentation. Asset information by reportable segment is not presented, since the Company does not produce such information internally nor does it use such data to manage its business.
 First Quarter
 20212020
 (In millions of dollars)
Revenue from Services:
Professional & Industrial$467.6 $493.8 
Science, Engineering & Technology254.7 270.2 
Education111.6 142.5 
Outsourcing & Consulting99.3 89.5 
International272.9 265.2 
Less: Intersegment revenue(0.2)(0.1)
Consolidated Total$1,205.9 $1,261.1 
 First Quarter
 20212020
 (In millions of dollars)
Earnings (loss) from Operations:
Professional & Industrial gross profit$75.9 $85.1 
Professional & Industrial SG&A expenses(69.4)(80.5)
Professional & Industrial earnings (loss) from operations6.5 4.6 
Science, Engineering & Technology gross profit53.2 54.7 
Science, Engineering & Technology SG&A expenses(35.7)(36.5)
Science, Engineering & Technology earnings (loss) from operations17.5 18.2 
Education gross profit17.2 20.4 
Education SG&A expenses(14.2)(16.6)
Education earnings (loss) from operations3.0 3.8 
Outsourcing & Consulting gross profit31.3 28.8 
Outsourcing & Consulting SG&A expenses(28.4)(28.6)
Outsourcing & Consulting earnings (loss) from operations2.9 0.2 
International gross profit35.7 34.3 
International SG&A expenses(33.1)(33.2)
International earnings (loss) from operations2.6 1.1 
Corporate(21.9)(139.7)
Consolidated Total10.6 (111.8)
Gain (loss) on investment in Persol Holdings30.0 (77.8)
Other income (expense), net(3.4)1.7 
Earnings (loss) before taxes and equity in net earnings (loss) of affiliate$37.2 $(187.9)