SEGMENT DATA

6 Months Ended

Jun. 30, 2022

Segment Reporting [Abstract]

SEGMENT DATA

SEGMENT DATA

The Company’s segments offer services to its customers as described below:

●    Nurse and Allied Staffing – Nurse and Allied Staffing provides traditional staffing, recruiting, and value-added total talent solutions including: temporary and permanent placement of travel and local nurse and allied professionals, managed services programs (MSP) services, education healthcare services, in-home care services, and outsourcing services. In addition, Nurse and Allied Staffing provides retained search services for healthcare professionals, as well as contingent search and recruitment process outsourcing services. Its clients include: public and private acute-care and non-acute care hospitals, government facilities, local and national healthcare plans, managed care providers, public schools and charter schools, outpatient clinics, ambulatory care facilities, physician practice groups, and many other healthcare providers throughout the United States.

●    Physician Staffing – Physician Staffing provides physicians in many specialties, as well as certified registered nurse anesthetists, nurse practitioners, and physician assistants as independent contractors on temporary assignments throughout the United States at various healthcare facilities, such as acute and non-acute care facilities, medical group practices, government facilities, and managed care organizations.

The Company evaluates performance of each segment primarily based on revenue and contribution income. The Company defines contribution income as income (loss) from operations before depreciation and amortization, acquisition and integration-

related costs, restructuring (benefits) costs, legal settlement charges, impairment charges, and corporate overhead. The Company does not evaluate, manage, or measure performance of segments using asset information; accordingly, total asset information by segment is not prepared or disclosed. The information in the following table is derived from the segments’ internal financial information as used for corporate management purposes. Certain corporate expenses are not allocated to and/or among the operating segments.

Information on operating segments and a reconciliation to income from operations for the periods indicated are as follows:

	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2022		2021		2022		2021
	(amounts in thousands)
Revenue from services:
Nurse and Allied Staffing	$	731,443	$	316,188	$	1,497,023	$	629,196
Physician Staffing	22,118		15,639		45,270		31,872
	$	753,561	$	331,827	$	1,542,293	$	661,068
Contribution income:
Nurse and Allied Staffing	$	97,567	$	35,284	$	207,668	$	72,701
Physician Staffing	1,220		562		2,985		1,990
	98,787		35,846		210,653		74,691
Corporate overhead (a)	17,583		14,066		33,837		28,277
Depreciation and amortization	3,481		2,199		6,200		4,452
Acquisition and integration-related costs	—		924		40		924
Restructuring (benefits) costs	(1,114)		835		(634)		2,073
Impairment charges	—		1,921		1,741		2,070
Income from operations	$	78,837	$	15,901	$	169,469	$	36,895

_______________

(a) Corporate overhead includes unallocated executive leadership and other centralized corporate functional support costs such as finance, IT, legal, human resources, and marketing, as well as public company expenses and corporate-wide projects (initiatives).