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Segment Disclosures | 6 Months Ended
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Jul. 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 reportable segment, along with a reconciliation to earnings (loss) before taxes and equity in net earnings (loss) of affiliate, for the second quarter and June year to date 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 second quarter of 2020 and June year to date 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 information to manage its business.
| Second Quarter |  | June Year to Date
| 2021 |  | 2020 |  | 2021 |  | 2020
| (In millions of dollars)
Revenue from Services: |  |  |  |  |  |  |
Professional & Industrial | $ | 466.5 |  |  | $ | 406.4 |  |  | $ | 934.1 |  |  | $ | 900.2 |
Science, Engineering & Technology | 298.2 |  |  | 247.3 |  |  | 552.9 |  |  | 517.5 |
Education | 105.9 |  |  | 25.1 |  |  | 217.5 |  |  | 167.6 |
Outsourcing & Consulting | 107.3 |  |  | 83.6 |  |  | 206.6 |  |  | 173.1 |
International | 280.4 |  |  | 213.0 |  |  | 553.3 |  |  | 478.2 |
Less: Intersegment revenue | (0.2) |  |  | (0.1) |  |  | (0.4) |  |  | (0.2) |
Consolidated Total | $ | 1,258.1 |  |  | $ | 975.3 |  |  | $ | 2,464.0 |  |  | $ | 2,236.4 |
| Second Quarter |  | June Year to Date
| 2021 |  | 2020 |  | 2021 |  | 2020
| (In millions of dollars)
Earnings (loss) from Operations: |  |  |  |  |  |  |
Professional & Industrial gross profit | $ | 75.2 |  |  | $ | 78.9 |  |  | $ | 151.1 |  |  | $ | 164.0 |
Professional & Industrial SG&A expenses | (69.0) |  |  | (64.6) |  |  | (138.4) |  |  | (145.1) |
Professional & Industrial earnings (loss) from operations | 6.2 |  |  | 14.3 |  |  | 12.7 |  |  | 18.9 |
Science, Engineering & Technology gross profit | 66.5 |  |  | 50.6 |  |  | 119.7 |  |  | 105.3 |
Science, Engineering & Technology SG&A expenses | (46.9) |  |  | (31.3) |  |  | (82.6) |  |  | (67.8) |
Science, Engineering & Technology earnings (loss) from operations | 19.6 |  |  | 19.3 |  |  | 37.1 |  |  | 37.5 |
Education gross profit | 16.8 |  |  | 4.3 |  |  | 34.0 |  |  | 24.7 |
Education SG&A expenses | (15.3) |  |  | (9.5) |  |  | (29.5) |  |  | (26.1) |
Education earnings (loss) from operations | 1.5 |  |  | (5.2) |  |  | 4.5 |  |  | (1.4) |
Outsourcing & Consulting gross profit | 34.8 |  |  | 29.2 |  |  | 66.1 |  |  | 58.0 |
Outsourcing & Consulting SG&A expenses | (30.1) |  |  | (25.1) |  |  | (58.5) |  |  | (53.7) |
Outsourcing & Consulting earnings (loss) from operations | 4.7 |  |  | 4.1 |  |  | 7.6 |  |  | 4.3 |
International gross profit | 37.7 |  |  | 26.2 |  |  | 73.4 |  |  | 60.5 |
International SG&A expenses | (34.6) |  |  | (28.3) |  |  | (67.7) |  |  | (61.5) |
International earnings (loss) from operations | 3.1 |  |  | (2.1) |  |  | 5.7 |  |  | (1.0) |
Corporate | (21.4) |  |  | (19.3) |  |  | (43.3) |  |  | (159.0) |
Consolidated Total | 13.7 |  |  | 11.1 |  |  | 24.3 |  |  | (100.7) |
Gain (loss) on investment in Persol Holdings | 6.3 |  |  | 29.6 |  |  | 36.3 |  |  | (48.2) |
Other income (expense), net | (0.3) |  |  | 2.6 |  |  | (3.7) |  |  | 4.3 |
Earnings (loss) before taxes and equity in net earnings (loss) of affiliate | $ | 19.7 |  |  | $ | 43.3 |  |  | $ | 56.9 |  |  | $ | (144.6) |
Depreciation and amortization expense included in SG&A expenses by segment above are as follows:
| Second Quarter |  | June Year to Date
| 2021 |  | 2020 |  | 2021 |  | 2020
| (In millions of dollars)
Depreciation and amortization: |  |  |  |  |  |  |
Professional & Industrial | $ | 1.4 |  |  | $ | 1.3 |  |  | $ | 2.8 |  |  | $ | 2.7 |
Science, Engineering & Technology | 3.3 |  |  | 1.1 |  |  | 4.3 |  |  | 2.1 |
Education | 0.9 |  |  | 0.9 |  |  | 1.9 |  |  | 1.8 |
Outsourcing & Consulting | 0.2 |  |  | 0.2 |  |  | 0.4 |  |  | 0.3 |
International | 0.5 |  |  | 0.5 |  |  | 1.0 |  |  | 1.1 |

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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 -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8924-108599 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8981-108599 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8721-108599 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9031-108599 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (f) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8736-108599 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9054-108599 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8657-108599 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8721-108599 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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