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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 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
Revenue $ 187,873 [1] $ 245,081 [1] $ 593,301 [1] $ 710,998 [1]
Direct costs 120,207 [2] 152,089 [2] 375,359 [2] 441,341 [2]
Gross margin 67,666 92,992 217,942 269,657
Operating expenses:        
Selling, general and administrative expenses 66,074 85,305 214,070 251,517
Depreciation and amortization 1,672 1,537 4,788 4,750
Business reorganization expenses 1,520 0 7,551 747
Operating income (loss) (1,600) 6,150 (8,467) 12,643
Non-operating income (expense):        
Interest income (expense), net (161) (328) (510) (910)
Other income (expense), net 591 (238) 215 244
Income (loss) before provision for income taxes (1,170) 5,584 (8,762) 11,977
Provision for (benefit from) income taxes 995 2,202 (3,770) 4,377
Net income (loss) (2,165) 3,382 (4,992) 7,600
Earnings (loss) per share:        
Basic (per share) $ (0.07) $ 0.11 $ (0.16) $ 0.24
Diluted (per share) $ (0.07) $ 0.11 $ (0.16) $ 0.24
Weighted-average shares outstanding:        
Basic (in shares) 32,156 31,620 32,024 31,541
Diluted (in shares) 32,156 32,085 32,024 31,988
Comprehensive income (loss):        
Net income (loss) (2,165) 3,382 (4,992) 7,600
Other comprehensive income (loss):        
Foreign currency translation adjustment, net of income taxes 1,395 (5,234) 1,834 (1,959)
Total other comprehensive income (loss), net of income taxes 1,395 (5,234) 1,834 (1,959)
Comprehensive income (loss) $ (770) $ (1,852) $ (3,158) $ 5,641
[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.