XML 26 R16.htm IDEA: XBRL DOCUMENT v3.22.2
SEGMENT INFORMATION
6 Months Ended
Jun. 26, 2022
Segment Reporting [Abstract]  
SEGMENT INFORMATION SEGMENT INFORMATION
Our operating segments and reportable segments are described below:
Our PeopleReady reportable segment provides blue-collar, contingent staffing through the PeopleReady operating segment. PeopleReady provides on-demand and skilled labor in a broad range of industries that include construction, manufacturing and logistics, warehousing and distribution, retail, waste and recycling, energy, hospitality, and general labor.
Our PeopleManagement reportable segment provides contingent labor and outsourced industrial workforce solutions, primarily on-site at the client’s facility, through the following operating segments, which we have aggregated into one reportable segment in accordance with U.S. GAAP:
PeopleManagement On-Site: On-site management and recruitment for the contingent industrial workforce of manufacturing, warehousing and distribution facilities; and
PeopleManagement Centerline: Recruitment and management of contingent and dedicated commercial drivers to the transportation and distribution industries.
Our PeopleScout reportable segment provides high-volume, permanent employee recruitment process outsourcing, employer branding services and management of outsourced labor service providers through the following operating segments, which we have aggregated into one reportable segment in accordance with U.S. GAAP:
PeopleScout RPO: Outsourced recruitment of permanent employees on behalf of clients and employer branding services; and
PeopleScout MSP: Management of multiple third-party staffing vendors on behalf of clients.
The following table presents our revenue disaggregated by major source and segment and a reconciliation of segment revenue from services to total company revenue:
Thirteen weeks ended
Twenty-six weeks ended
(in thousands)June 26,
2022
June 27,
2021
June 26,
2022
June 27,
2021
Revenue from services:
Contingent staffing
PeopleReady$317,943 $299,316 $623,633 $559,708 
PeopleManagement161,938 152,356 325,757 304,110 
Human resource outsourcing
PeopleScout89,372 64,283 171,378 110,843 
Total company$569,253 $515,955 $1,120,768 $974,661 
The following table presents a reconciliation of segment profit to income before tax expense:
Thirteen weeks ended
Twenty-six weeks ended
(in thousands)June 26,
2022
June 27,
2021
June 26,
2022
June 27,
2021
Segment profit:
PeopleReady$20,325 $18,437 $36,544 $30,297 
PeopleManagement4,228 3,221 7,207 6,337 
PeopleScout20,593 10,857 31,565 14,894 
Total segment profit45,146 32,515 75,316 51,528 
Corporate unallocated expense(6,531)(7,307)(13,829)(12,926)
Third-party processing fees for hiring tax credits(162)(30)(324)(165)
Amortization of software as a service assets(699)(646)(1,446)(1,319)
PeopleReady technology implementation costs(1,748)— (4,298)— 
COVID-19 government subsidies, net— 2,296 — 4,039 
Other benefits (costs)491 (868)355 (2,024)
Depreciation and amortization (7,245)(7,017)(14,532)(13,979)
Income from operations29,252 18,943 41,242 25,154 
Interest expense and other income, net(110)724 395 1,299 
Income before tax expense$29,142 $19,667 $41,637 $26,453 
Asset information by reportable segment is not presented as we do not manage our segments on a balance sheet basis.