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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND OTHER COMPREHENSIVE INCOME (LOSS) (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
Revenue $ 204,838 [1] $ 247,378 [1] $ 405,428 [1] $ 465,917 [1]
Direct costs 127,770 [2] 151,911 [2] 255,152 [2] 289,252 [2]
Gross margin 77,068 95,467 150,276 176,665
Operating expenses:        
Selling, general and administrative expenses 73,535 87,405 147,998 166,213
Depreciation and amortization 1,610 1,636 3,115 3,213
Business reorganization expenses 5,090 396 6,030 747
Operating income (loss) (3,167) 6,030 (6,867) 6,492
Non-operating income (expense):        
Interest income (expense), net (189) (375) (349) (581)
Other income (expense), net (369) (5) (375) 482
Income (loss) before provision for income taxes (3,725) 5,650 (7,591) 6,393
Provision for (benefit from) income taxes (4,119) 1,426 (4,765) 2,175
Net income (loss) 394 4,224 (2,826) 4,218
Earnings (loss) per share:        
Basic (per share) $ 0.01 $ 0.13 $ (0.09) $ 0.13
Diluted (per share) $ 0.01 $ 0.13 $ (0.09) $ 0.13
Weighted-average shares outstanding:        
Basic (in shares) 32,122 31,593 31,956 31,501
Diluted (in shares) 32,486 32,039 31,956 31,939
Comprehensive income (loss):        
Net income (loss) 394 4,224 (2,826) 4,218
Other comprehensive income (loss):        
Foreign currency translation adjustment, net of income taxes (1,351) 1,230 439 3,275
Total other comprehensive income (loss), net of income taxes (1,351) 1,230 439 3,275
Comprehensive income (loss) $ (957) $ 5,454 $ (2,387) $ 7,493
[1] Revenue by geographic region disclosed above is net of any inter-segment revenue and, therefore, represents only revenue from external customers according to the location of the operating subsidiary.
[2] Direct costs include the direct staffing costs of salaries, payroll taxes, employee benefits, travel expenses and insurance costs for the Company’s contractors and reimbursed out-of-pocket expenses and other direct costs. Other than reimbursed out-of-pocket expenses, there are no other direct costs associated with the Other category, which includes the search, permanent recruitment and other human resource solutions’ revenue. Gross margin represents revenue less direct costs. The region where services are provided, the mix of contracting and permanent recruitment, and the functional nature of the staffing services provided can affect gross margin. The salaries, commissions, payroll taxes and employee benefits related to recruitment professionals are included in selling, general and administrative expenses.