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Segment Disclosures (Tables) | 6 Months Ended
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Jun. 30, 2024
Segment Reporting [Abstract] |
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 before taxes, for the second quarter and June year-to-date 2024 and 2023. 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
| 2024 |  | 2023 |  | 2024 |  | 2023
| (In millions of dollars)
Revenue from Services: |  |  |  |  |  |  |
Professional & Industrial | $ | 357.7 |  |  | $ | 390.8 |  |  | $ | 716.1 |  |  | $ | 793.4 |
Science, Engineering & Technology | 332.2 |  |  | 301.4 |  |  | 621.5 |  |  | 607.8 |
Education | 251.1 |  |  | 206.4 |  |  | 541.0 |  |  | 455.8 |
Outsourcing & Consulting | 117.0 |  |  | 113.7 |  |  | 225.0 |  |  | 228.3 |
International | — |  |  | 205.9 |  |  | — |  |  | 401.7 |
Less: Intersegment revenue | (0.5) |  |  | (1.0) |  |  | (1.0) |  |  | (1.5) |
Consolidated Total | $ | 1,057.5 |  |  | $ | 1,217.2 |  |  | $ | 2,102.6 |  |  | $ | 2,485.5 |
Segment Business Unit Profit (Loss) |
| Second Quarter |  | June Year to Date
| 2024 |  | 2023 |  | 2024 |  | 2023
| (In millions of dollars)
Business Unit Profit (Loss): |  |  |  |  |  |  |
Professional & Industrial gross profit | $ | 62.3 |  |  | $ | 68.5 |  |  | $ | 126.2 |  |  | $ | 140.7 |
Professional & Industrial SG&A expenses excluding depreciation and amortization | (55.4) |  |  | (65.0) |  |  | (113.4) |  |  | (138.4) |
Professional & Industrial asset impairment charge | — |  |  | (0.3) |  |  | — |  |  | (0.3) |
Professional & Industrial Profit (Loss) | 6.9 |  |  | 3.2 |  |  | 12.8 |  |  | 2.0 |
Science, Engineering & Technology gross profit | 77.3 |  |  | 68.1 |  |  | 141.7 |  |  | 139.4 |
Science, Engineering & Technology SG&A expenses excluding depreciation and amortization | (52.8) |  |  | (50.1) |  |  | (99.0) |  |  | (102.9) |
Science, Engineering & Technology asset impairment charge | — |  |  | (0.1) |  |  | — |  |  | (0.1) |
Science, Engineering & Technology Profit (Loss) | 24.5 |  |  | 17.9 |  |  | 42.7 |  |  | 36.4 |
Education gross profit | 36.9 |  |  | 32.5 |  |  | 79.0 |  |  | 71.8 |
Education SG&A expenses excluding depreciation and amortization | (24.2) |  |  | (23.2) |  |  | (48.2) |  |  | (47.1) |
Education Profit (Loss) | 12.7 |  |  | 9.3 |  |  | 30.8 |  |  | 24.7 |
Outsourcing & Consulting gross profit | 37.2 |  |  | 41.3 |  |  | 72.5 |  |  | 82.9 |
Outsourcing & Consulting SG&A expenses excluding depreciation and amortization | (34.2) |  |  | (39.1) |  |  | (71.3) |  |  | (80.8) |
Outsourcing & Consulting asset impairment charge | — |  |  | (2.0) |  |  | — |  |  | (2.0) |
Outsourcing & Consulting Profit (Loss) | 3.0 |  |  | 0.2 |  |  | 1.2 |  |  | 0.1 |
International gross profit | — |  |  | 30.2 |  |  | — |  |  | 59.9 |
International SG&A expenses excluding depreciation and amortization | — |  |  | (30.2) |  |  | — |  |  | (60.6) |
International Profit (Loss) | — |  |  | — |  |  | — |  |  | (0.7) |
Corporate | (12.4) |  |  | (14.2) |  |  | (27.4) |  |  | (25.9) |
Asset impairment charge | (5.5) |  |  | — |  |  | (5.5) |  |  | — |
(Loss) gain on sale of EMEA staffing operations | (10.0) |  |  | — |  |  | 1.6 |  |  | — |
Gain on sale of assets | 5.5 |  |  | — |  |  | 5.5 |  |  | — |
Depreciation and amortization | (12.5) |  |  | (10.2) |  |  | (22.7) |  |  | (19.7) |
Consolidated earnings from operations | 12.2 |  |  | 6.2 |  |  | 39.0 |  |  | 16.9 |
Gain on forward contract | — |  |  | — |  |  | 1.2 |  |  | — |
Other income (expense), net | (6.5) |  |  | (0.6) |  |  | (4.7) |  |  | 1.4 |
Earnings before taxes | $ | 5.7 |  |  | $ | 5.6 |  |  | $ | 35.5 |  |  | $ | 18.3 |
Depreciation and Amortization by Segment | Depreciation and amortization expense is included in SG&A expenses in our consolidated statements of earnings. Depreciation and amortization expense amounts below include amortization of implementation costs for hosted software, which are excluded in the presentation of depreciation and amortization in our consolidated statements of cash flows. The depreciation and amortization amounts by segment are as follows:
| Second Quarter |  | June Year to Date
| 2024 |  | 2023 |  | 2024 |  | 2023
| (In millions of dollars)
Depreciation and amortization: |  |  |  |  |  |  |
Professional & Industrial | $ | 2.7 |  |  | $ | 2.1 |  |  | $ | 5.1 |  |  | $ | 3.9 |
Science, Engineering & Technology | 5.8 |  |  | 4.1 |  |  | 9.9 |  |  | 7.9 |
Education | 2.1 |  |  | 1.9 |  |  | 4.1 |  |  | 3.8 |
Outsourcing & Consulting | 1.9 |  |  | 1.5 |  |  | 3.6 |  |  | 2.9 |
International | — |  |  | 0.6 |  |  | — |  |  | 1.2 |

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