XML 26 R22.htm IDEA: XBRL DOCUMENT v2.4.0.8
Operating Segments and Related Information (Tables)
 9 Months Ended
Sep. 30, 2013
Segment Reporting [Abstract]  
Segment information
Segment information for the three and nine months ended September 30, 2013 and 2012 (in thousands) is as follows:
 
 
 
Recovery
Audit
Services –
Americas
 
Recovery Audit
Services –
Europe/Asia-
Pacific
 
New
Services
 
Corporate
Support
 
Total
Three Months Ended September 30, 2013
 
 
 
 
 
 
 
 
 
 
Revenue
 
$
32,365

 
$
12,009

 
$
9,029

 
$
—

 
$
53,403

 
 
 
 
 
 
 
 
 
 
 
Net earnings
 
 
 
 
 
 
 
 
 
$
4,877

Income tax expense
 
 
 
 
 
 
 
 
 
1,029

Interest expense, net
 
 
 
 
 
 
 
 
 
75

EBIT
 
$
9,418

 
$
1,987

 
$
270

 
$
(5,694
)
 
5,981

Depreciation of property and equipment
 
1,414

 
124

 
496

 
—

 
2,034

Amortization of intangible assets
 
698

 
323

 
183

 
—

 
1,204

EBITDA
 
11,530

 
2,434

 
949

 
(5,694
)
 
9,219

Foreign currency transaction (gains) losses on short-term intercompany balances
 
(80
)
 
(574
)
 
—

 
18

 
(636
)
Acquisition-related charges
 
662

 
—

 
44

 
—

 
706

Transformation severance and related expenses
 
20

 
56

 
85

 
—

 
161

Stock-based compensation
 
—

 
—

 
—

 
1,304

 
1,304

Adjusted EBITDA
 
$
12,132

 
$
1,916

 
$
1,078

 
$
(4,372
)
 
$
10,754


 
 
Recovery
Audit
Services –
Americas
 
Recovery Audit
Services –
Europe/Asia-
Pacific
 
New
Services
 
Corporate
Support
 
Total
Three Months Ended September 30, 2012
 
 
 
 
 
 
 
 
 
 
Revenue
 
$
33,235

 
$
11,406

 
$
7,446

 
$
—

 
$
52,087

 
 
 
 
 
 
 
 
 
 
 
Net earnings
 
 
 
 
 
 
 
 
 
$
2,565

Income tax expense
 
 
 
 
 
 
 
 
 
505

Interest expense, net
 
 
 
 
 
 
 
 
 
515

EBIT
 
$
9,964

 
$
304

 
$
(651
)
 
$
(6,032
)
 
3,585

Depreciation of property and equipment
 
1,111

 
90

 
515

 
—

 
1,716

Amortization of intangible assets
 
767

 
462

 
202

 
—

 
1,431

EBITDA
 
11,842

 
856

 
66

 
(6,032
)
 
6,732

Foreign currency transaction (gains) losses on short-term intercompany balances
 
(85
)
 
(266
)
 
3

 
—

 
(348
)
Acquisition-related charges (benefits)
 
—

 
(14
)
 
93

 
—

 
79

Transformation severance and related expenses
 
245

 
273

 
—

 
—

 
518

Stock-based compensation
 
—

 
—

 
—

 
1,839

 
1,839

Adjusted EBITDA
 
$
12,002

 
$
849

 
$
162

 
$
(4,193
)
 
$
8,820


 
 
Recovery
Audit
Services –
Americas
 
Recovery Audit
Services –
Europe/Asia-
Pacific
 
New
Services
 
Corporate
Support
 
Total
Nine Months Ended September 30, 2013
 
 
 
 
 
 
 
 
 
 
Revenue
 
$
87,999

 
$
33,796

 
$
26,914

 
$
—

 
$
148,709

 
 
 
 
 
 
 
 
 
 
 
Net earnings
 
 
 
 
 
 
 
 
 
$
6,211

Income tax expense
 
 
 
 
 
 
 
 
 
1,671

Interest income, net
 
 
 
 
 
 
 
 
 
(89
)
EBIT
 
$
21,643

 
$
2,354

 
$
(522
)
 
$
(15,682
)
 
7,793

Depreciation of property and equipment
 
4,138

 
362

 
1,569

 
—

 
6,069

Amortization of intangible assets
 
2,094

 
1,171

 
547

 
—

 
3,812

EBITDA
 
27,875

 
3,887

 
1,594

 
(15,682
)
 
17,674

Foreign currency transaction (gains) losses on short-term intercompany balances
 
143

 
(199
)
 
—

 
2

 
(54
)
Acquisition-related charges (benefits)
 
987

 
(900
)
 
144

 
—

 
231

Transformation severance and related expenses
 
100

 
593

 
85

 
—

 
778

Stock-based compensation
 
—

 
—

 
—

 
3,777

 
3,777

Adjusted EBITDA
 
$
29,105

 
$
3,381

 
$
1,823

 
$
(11,903
)
 
$
22,406


 
 
Recovery
Audit
Services –
Americas
 
Recovery Audit
Services –
Europe/Asia-
Pacific
 
New
Services
 
Corporate
Support
 
Total
Nine Months Ended September 30, 2012
 
 
 
 
 
 
 
 
 
 
Revenue
 
$
91,640

 
$
39,122

 
$
24,632

 
$
—

 
$
155,394

 
 
 
 
 
 
 
 
 
 
 
Net earnings
 
 
 
 
 
 
 
 
 
$
3,859

Income tax expense
 
 
 
 
 
 
 
 
 
1,586

Interest expense, net
 
 
 
 
 
 
 
 
 
1,548

EBIT
 
$
21,994

 
$
3,515

 
$
(2,270
)
 
$
(16,246
)
 
6,993

Depreciation of property and equipment
 
3,016

 
217

 
1,575

 
—

 
4,808

Amortization of intangible assets
 
3,120

 
1,491

 
606

 
—

 
5,217

EBITDA
 
28,130

 
5,223

 
(89
)
 
(16,246
)
 
17,018

Foreign currency transaction (gains) losses on short-term intercompany balances
 
(77
)
 
(117
)
 
4

 
—

 
(190
)
Acquisition-related charges (benefits)
 
—

 
(485
)
 
288

 
—

 
(197
)
Transformation severance and related expenses
 
358

 
351

 
327

 
—

 
1,036

Wage claim costs
 
577

 
—

 
—

 
—

 
577

Stock-based compensation
 
—

 
—

 
—

 
4,479

 
4,479

Adjusted EBITDA
 
$
28,988

 
$
4,972

 
$
530

 
$
(11,767
)
 
$
22,723