DISCONTINUED OPERATIONS (Tables)

9 Months Ended

Sep. 30, 2018

Discontinued Operations and Disposal Groups [Abstract]

Reconciliation Of The Gross Proceeds To The Net Proceeds

The following is a reconciliation of the gross proceeds to the net proceeds as presented in the statement of cash flows for the nine months ended September 30,2018.

Gross proceeds	$	38,960
Add: purchase price adjustments	149
Less: cash and restricted cash sold	(9,547		)
Less: transaction costs	(1,642		)
Net cash proceeds as presented in the statement of cash flows	$	27,920

Disposal Groups, Including Discontinued Operations

The carrying amounts of the classes of assets and liabilities from the RTM businesses included in discontinued operations were as follows:

	September 30, 2018		December 31, 2017
Cash	$	—	$	15,460
Accounts receivable	—		60,333
Prepaid and other current assets	—		3,737
Total current assets	—		79,530
Property and equipment, net	—		6,251
Deferred tax assets, non-current	—		6,080
Other assets, non-current	—		1,570
Total non-current assets	—		13,901
Total assets	$	—	$	93,431
Accounts payable	$	—	$	5,764
Accrued expenses and other current liabilities	61		39,108
Short-term borrowings	—		7,080
Total current liabilities	61		51,952
Total non-current liabilities	—		6,210
Total liabilities	$	61	$	58,162

Reported results for the discontinued operations by period were as follows:

	Three Months Ended September 30,						Nine Months Ended September 30,
	2018			2017			2018			2017
Revenue	$	—		$	102,210		$	108,463		$	290,733
Gross profit	—			36,075			38,663			106,124
Operating expenses:
Salaries and related	—			27,142			29,032			79,094
Other selling, general and administrative	—			7,938			8,355			22,255
Depreciation and amortization	—			618			680			1,812
Business reorganization	—			493			50			782
Operating income (loss)	—			(116		)	546			2,181
Non-operating income (expense):
Interest income (expense), net	—			(107		)	(88		)	(310		)
Other non-operating income (loss)	—			(102		)	216			(440		)
Income (Loss) from discontinued operations before taxes and gain (loss) on sale	—			(325		)	674			1,431
Gain (loss) from sale of discontinued operations	(47		)	—			13,985			—
Income (loss) from discontinued operations before income taxes	(47		)	(325		)	14,659			1,431
Provision (benefit) for income taxes	—			41			1,099			675
Income (loss) from discontinued operations	$	(47	)	$	(366	)	$	13,560		$	756

Depreciation, capital expenditures, and significant operating and investment non cash items of the discontinued operations by period were as follows:

	Nine Months Ended September 30,
	2018		2017
Depreciation and amortization	$	680	$	1,812
Stock-based compensation expense	$	233	$	179
Capital expenditures	$	284	$	679

Disaggregation of Revenue From Discontinued Operations

The following table presents our disaggregated revenues from discontinued operations by revenue source.

	Three Months Ended September 30, 2018
	Permanent Recruitment		Contracting		Talent Management		Other			Total
Revenue	$	—	$	—	$	—	$	—		$	—
Direct costs (1)	—		—		—		—			—
Gross profit	$	—	$	—	$	—	$	—		$	—
	Three Months Ended September 30, 2017
	Permanent Recruitment		Contracting		Talent Management		Other			Total
Revenue	$	20,590	$	72,392	$	8,680	$	548		$	102,210
Direct costs (1)	62		64,005		1,500		568			66,135
Gross profit	$	20,528	$	8,387	$	7,180	$	(20	)	$	36,075

	Nine Months Ended September 30, 2018
	Permanent Recruitment		Contracting		Talent Management		Other			Total
Revenue	$	20,700	$	76,615	$	10,694	$	454		$	108,463
Direct costs (1)	190		67,980		1,225		405			69,800
Gross profit	$	20,510	$	8,635	$	9,469	$	49		$	38,663
	Nine Months Ended September 30, 2017
	Permanent Recruitment		Contracting		Talent Management		Other			Total
Revenue	$	59,742	$	201,691	$	27,656	$	1,644		$	290,733
Direct costs (1)	190		177,847		4,915		1,657			184,609
Gross profit	$	59,552	$	23,844	$	22,741	$	(13	)	$	106,124

(1) 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 Permanent Recruitment and Other categories. Gross profit 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 profit.