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CONSOLIDATED STATEMENTS OF OPERATIONS AND OTHER COMPREHENSIVE INCOME (LOSS) (USD $)
In Thousands, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Revenue $ 777,577 [1] $ 933,736 [1] $ 794,542 [1]
Direct costs 492,710 [2] 579,431 [2] 495,969 [2]
Gross margin 284,867 354,305 298,573
Operating expenses:      
Salaries and related 205,412 252,785 222,185
Office and general 65,747 69,298 65,185
Marketing and promotion 6,126 7,816 6,943
Depreciation and amortization 6,438 6,251 8,184
Business reorganization expenses 7,782 720 1,694
Total operating expenses 291,505 336,870 304,191
Operating income (loss) (6,638) 17,435 (5,618)
Non-operating income (expense):      
Interest income (expense), net (635) (1,143) (1,278)
Other income (expense), net 254 (44) 4,500
Fee for early extinguishment of credit facility 0 0 (563)
Income (loss) from continuing operations before provision for income taxes (7,019) 16,248 (2,959)
Provision for (benefit from) income taxes (1,684) 5,339 1,482
Income (loss) from continuing operations (5,335) 10,909 (4,441)
Income (loss) from discontinued operations, net of income taxes 0 0 (244)
Net income (loss) (5,335) 10,909 (4,685)
Basic      
Income (loss) from continuing operations (in dollars per share) $ (0.17) $ 0.35 $ (0.15)
Income (loss) from discontinued operations (in dollars per share) $ 0.00 $ 0.00 $ (0.01)
Net income (loss) - basic (in dollars per share) $ (0.17) $ 0.35 $ (0.16)
Diluted      
Income (loss) from continuing operations (in dollars per share) $ (0.17) $ 0.34 $ (0.15)
Income (loss) from discontinued operations (in dollars per share) $ 0.00 $ 0.00 $ (0.01)
Net income (loss) - diluted (in dollars per share) $ (0.17) $ 0.34 $ (0.16)
Weighted-average shares outstanding:      
Basic (in shares) 32,060 31,566 29,931
Diluted (in shares) 32,060 31,989 29,931
Comprehensive income (loss):      
Net income (loss) (5,335) 10,909 (4,685)
Other comprehensive income (loss):      
Foreign currency translation adjustment, net of income taxes 2,169 (647) 393
Defined benefit pension plans - unrecognized net actuarial gain (loss) and prior service costs (credit), net of income taxes (290) 0 0
Total other comprehensive income (loss), net of income taxes 1,879 (647) 393
Comprehensive income (loss) $ (3,456) $ 10,262 $ (4,292)
[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.