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Segment Disclosures | 9 Months Ended
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Oct. 01, 2023
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. 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 of affiliate, for the third quarter and September year-to-date 2023 and 2022. 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.
| Third Quarter |  | September Year to Date
| 2023 |  | 2022 |  | 2023 |  | 2022
| (In millions of dollars)
Revenue from Services: |  |  |  |  |  |  |
Professional & Industrial | $ | 364.5 |  |  | $ | 408.6 |  |  | $ | 1,131.3 |  |  | $ | 1,268.7 |
Science, Engineering & Technology | 295.7 |  |  | 321.3 |  |  | 903.5 |  |  | 962.7 |
Education | 128.1 |  |  | 104.3 |  |  | 583.9 |  |  | 433.2 |
Outsourcing & Consulting | 114.1 |  |  | 118.5 |  |  | 342.4 |  |  | 352.0 |
International | 220.6 |  |  | 215.5 |  |  | 657.5 |  |  | 715.9 |
Less: Intersegment revenue | (5.0) |  |  | (0.3) |  |  | (15.1) |  |  | (0.9) |
Consolidated Total | $ | 1,118.0 |  |  | $ | 1,167.9 |  |  | $ | 3,603.5 |  |  | $ | 3,731.6 |
| Third Quarter |  | September Year to Date
| 2023 |  | 2022 |  | 2023 |  | 2022
| (In millions of dollars)
Earnings (loss) from Operations: |  |  |  |  |  |  |
Professional & Industrial gross profit | $ | 65.5 |  |  | $ | 70.3 |  |  | $ | 200.4 |  |  | $ | 231.2 |
Professional & Industrial SG&A expenses | (57.7) |  |  | (65.3) |  |  | (183.8) |  |  | (204.1) |
Professional & Industrial asset impairment charge | — |  |  | — |  |  | (0.3) |  |  | — |
Professional & Industrial earnings from operations | 7.8 |  |  | 5.0 |  |  | 16.3 |  |  | 27.1 |
Science, Engineering & Technology gross profit | 68.0 |  |  | 76.3 |  |  | 207.4 |  |  | 225.3 |
Science, Engineering & Technology SG&A expenses | (47.8) |  |  | (53.4) |  |  | (150.6) |  |  | (161.4) |
Science, Engineering & Technology asset impairment charge | — |  |  | — |  |  | (0.1) |  |  | — |
Science, Engineering & Technology earnings from operations | 20.2 |  |  | 22.9 |  |  | 56.7 |  |  | 63.9 |
Education gross profit | 19.8 |  |  | 16.6 |  |  | 91.6 |  |  | 69.2 |
Education SG&A expenses | (22.4) |  |  | (21.4) |  |  | (69.3) |  |  | (60.4) |
Education earnings (loss) from operations | (2.6) |  |  | (4.8) |  |  | 22.3 |  |  | 8.8 |
Outsourcing & Consulting gross profit | 41.5 |  |  | 44.1 |  |  | 124.4 |  |  | 127.6 |
Outsourcing & Consulting SG&A expenses | (39.0) |  |  | (37.7) |  |  | (117.2) |  |  | (111.8) |
Outsourcing & Consulting asset impairment charge | — |  |  | — |  |  | (2.0) |  |  | — |
Outsourcing & Consulting goodwill impairment charge | — |  |  | (30.7) |  |  | — |  |  | (30.7) |
Outsourcing & Consulting earnings (loss) from operations | 2.5 |  |  | (24.3) |  |  | 5.2 |  |  | (14.9) |
International gross profit | 33.7 |  |  | 33.3 |  |  | 99.4 |  |  | 108.3 |
International SG&A expenses | (31.2) |  |  | (31.4) |  |  | (96.2) |  |  | (99.2) |
International earnings from operations | 2.5 |  |  | 1.9 |  |  | 3.2 |  |  | 9.1 |
Corporate | (30.3) |  |  | (21.9) |  |  | (86.7) |  |  | (70.4) |
Loss on disposal | — |  |  | (0.2) |  |  | — |  |  | (18.7) |
Gain on sale of assets | — |  |  | — |  |  | — |  |  | 5.3 |
Consolidated Total | 0.1 |  |  | (21.4) |  |  | 17.0 |  |  | 10.2 |
Loss on investment in Persol Holdings | — |  |  | — |  |  | — |  |  | (67.2) |
Loss on currency translation from liquidation of subsidiary | — |  |  | — |  |  | — |  |  | (20.4) |
Other income (expense), net | 1.6 |  |  | 0.2 |  |  | 3.0 |  |  | 1.9 |
Earnings (loss) before taxes and equity in net earnings of affiliate | $ | 1.7 |  |  | $ | (21.2) |  |  | $ | 20.0 |  |  | $ | (75.5) |
Depreciation and amortization expense included in SG&A expenses by segment above are as follows:
| Third Quarter |  | September Year to Date
| 2023 |  | 2022 |  | 2023 |  | 2022
| (In millions of dollars)
Depreciation and amortization: |  |  |  |  |  |  |
Professional & Industrial | $ | 0.8 |  |  | $ | 0.8 |  |  | $ | 2.5 |  |  | $ | 2.9 |
Science, Engineering & Technology | 3.1 |  |  | 3.2 |  |  | 9.4 |  |  | 9.5 |
Education | 1.6 |  |  | 1.6 |  |  | 4.7 |  |  | 3.7 |
Outsourcing & Consulting | 1.0 |  |  | 1.0 |  |  | 3.0 |  |  | 2.2 |
International | 0.4 |  |  | 0.3 |  |  | 1.2 |  |  | 1.3 |

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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 -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-15 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-31 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 42 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-42 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 40 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-40 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//280/tableOfContent Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 26 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-26 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 34 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-34 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 41 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-41 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-21 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-21 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 + Details
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