XML 39 R28.htm IDEA: XBRL DOCUMENT v3.20.2
SEGMENT AND GEOGRAPHIC DATA (Tables)
9 Months Ended
Sep. 30, 2020
Segment Reporting [Abstract]  
Schedule of segment reporting information

 
Americas
 
Asia Pacific
 
Europe
 
Corporate
 
Inter-
Segment
Elimination
 
Total
For The Three Months Ended September 30, 2019
 
 
 
 
 
 
 
 
Revenue, from external customers
$
3,510

 
$
17,436

 
$
4,816

 
$

 
$

 
$
25,762

Inter-segment revenue
12

 

 
(1
)
 

 
(11
)
 

Total revenue
$
3,522

 
$
17,436

 
$
4,815

 
$

 
$
(11
)
 
$
25,762

Adjusted net revenue, from external customers (a)
$
3,205

 
$
5,574

 
$
2,617

 
$

 
$

 
$
11,396

Inter-segment adjusted net revenue
11

 
(12
)
 

 

 
1

 

Total adjusted net revenue
$
3,216

 
$
5,562

 
$
2,617

 
$

 
$
1

 
$
11,396

EBITDA (loss) (b)
$
3

 
$
821

 
$
178

 
$
(572
)
 
$

 
$
430

Depreciation and amortization
(5
)
 
(12
)
 
(5
)
 
(1
)
 

 
(23
)
Intercompany interest (expense) income, net

 
(95
)
 

 
95

 

 

Interest income, net

 
(4
)
 

 
92

 

 
88

Income (loss) from continuing operations before income taxes
$
(2
)
 
$
710

 
$
173

 
$
(386
)
 
$

 
$
495

 
 
 
 
 
 
 
 
 
 
 
 
For The Nine Months Ended September 30, 2019
 
 
 
 
 
 
 
 
Revenue, from external customers
$
10,632

 
$
43,569

 
$
14,162

 
$

 
$

 
$
68,363

Inter-segment revenue
75

 

 
2

 

 
(77
)
 

Total revenue
$
10,707

 
$
43,569

 
$
14,164

 
$

 
$
(77
)
 
$
68,363

Adjusted net revenue, from external customers (a)
$
9,558

 
$
15,584

 
$
7,309

 
$

 
$

 
$
32,451

Inter-segment adjusted net revenue
72

 
(70
)
 
3

 

 
(5
)
 

Total adjusted net revenue
$
9,630

 
$
15,514

 
$
7,312

 


 
$
(5
)
 
$
32,451

EBITDA (loss) (b)
$
17

 
$
1,135

 
$
(139
)
 
$
(3,446
)
 
$

 
$
(2,433
)
Depreciation and amortization
(14
)
 
(27
)
 
(18
)
 
(3
)
 

 
(62
)
Intercompany interest (expense) income, net

 
(296
)
 

 
296

 

 

Interest income, net

 
(4
)
 

 
530

 

 
526

Income (loss) from continuing operations before income taxes
$
3

 
$
808

 
$
(157
)
 
$
(2,623
)
 
$

 
$
(1,969
)
 
 
 
 
 
 
 
 
 
 
 
 
As of September 30, 2019
 

 
 

 
 

 
 

 
 

 
 

Accounts receivable, net
$
3,295

   
$
8,594

 
$
3,849

 
$
(47
)
 
$

 
$
15,691

Total assets
$
5,122

 
$
11,930

 
$
7,003

 
$
23,094

 
$

 
$
47,149


(a)
Adjusted net revenue is net of the Direct contracting costs and reimbursed expenses caption on the Condensed Consolidated Statements of Operations. Direct contracting costs and reimbursed expenses 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. The region where services are provided, the mix of RPO recruitment and contracting, and the functional nature of the staffing services provided can affect operating income and EBITDA. The salaries, commissions, payroll taxes, and employee benefits related to recruitment professionals are included under the caption "Salaries and related" in the Consolidated Statements of Operations.

(b)
SEC Regulation S-K Item 229.10(e)1(ii)(A) defines EBITDA as earnings before interest, taxes, depreciation and amortization. EBITDA is presented to provide additional information to investors about the Company's operations on a basis consistent with the measures that the Company uses to manage its operations and evaluate its performance. Management also uses this measurement to evaluate working capital requirements. EBITDA should not be considered in isolation or as a substitute for operating income and net income prepared in accordance with U.S. GAAP or as a measure of the Company's profitability.

Ge
Revenue and long-lived assets by geographic area
A summary of revenues for the three and nine months ended September 30, 2020 and 2019 and net assets by geographic area as of September 30, 2020 and 2019, presented net of discontinued operations, were as follows:
 
 
Australia
United
Kingdom
 
United
States
 
Other
 
Total
For The Three Months Ended September 30, 2020
 
 

 
 

Revenue (a)
 
$
18,085

$
3,151

 
$
1,620

 
$
2,557

 
$
25,413

For The Three Months Ended September 30, 2019
 
 

 
 

Revenue (a)
 
$
15,325

$
4,295

 
$
3,219

 
$
2,923

 
$
25,762

For The Nine Months Ended September 30, 2020
 
 
 
 
Revenue (a)
 
$
50,082

$
9,629

 
$
6,393

 
$
8,013

 
$
74,117

For The Nine Months Ended September 30, 2019
 
 
 
 
Revenue (a)
 
$
37,382

$
12,794

 
$
9,759

 
$
8,428

 
$
68,363

As of September 30, 2020
 
 
 

 
 

 
 

 
 

Net assets
 
$
4,581

$
3,397

 
$
18,388

 
$
5,692

 
$
32,058

As of September 30, 2019
 
 
 

 
 

 
 

 
 

Net assets
 
$
2,737

$
2,358

 
$
23,387

 
$
5,476

 
$
33,958

  
(a) 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.