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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, 2013
Sep. 30, 2012
Sep. 30, 2013
Sep. 30, 2012
Revenue $ 163,587 [1] $ 187,873 [1] $ 500,624 [1] $ 593,301 [1]
Direct costs 107,791 [2] 120,207 [2] 327,648 [2] 375,359 [2]
Gross margin 55,796 67,666 172,976 217,942
Operating expenses:        
Selling, general and administrative expenses 58,679 66,074 183,291 214,070
Depreciation and amortization 1,529 1,672 4,833 4,788
Business reorganization expenses 728 1,520 3,959 7,551
Operating income (loss) (5,140) (1,600) (19,107) (8,467)
Non-operating income (expense):        
Interest income (expense), net (158) (161) (458) (510)
Other income (expense), net 296 591 472 215
Income (loss) before provision for income taxes (5,002) (1,170) (19,093) (8,762)
Provision for (benefit from) income taxes 45 995 6 (3,770)
Net income (loss) (5,047) (2,165) (19,099) (4,992)
Earnings (loss) per share:        
Basic (per share) $ (0.15) $ (0.07) $ (0.59) $ (0.16)
Diluted (per share) $ (0.15) $ (0.07) $ (0.59) $ (0.16)
Weighted-average shares outstanding:        
Basic (in shares) 32,600 32,156 32,468 32,024
Diluted (in shares) 32,600 32,156 32,468 32,024
Comprehensive income (loss):        
Net income (loss) (5,047) (2,165) (19,099) (4,992)
Other comprehensive income (loss):        
Foreign currency translation adjustment, net of income taxes 2,260 1,395 (3,128) 1,834
Amortization of prior service costs - defined benefit pension plan 16 0 60 0
Total other comprehensive income (loss), net of income taxes 2,276 1,395 (3,068) 1,834
Comprehensive income (loss) $ (2,771) $ (770) $ (22,167) $ (3,158)
[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, rent 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.