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SEGMENT AND GEOGRAPHIC DATA
6 Months Ended
Jun. 30, 2023
Segment Reporting [Abstract]  
SEGMENT AND GEOGRAPHIC DATA SEGMENT AND GEOGRAPHIC DATA
Segment Reporting
    The Company operates in three reportable segments: the Hudson regional businesses of Americas, Asia Pacific, and Europe. Corporate expenses are reported separately for the three reportable segments and pertain to certain functions, such as executive management, corporate governance, investor relations, legal, accounting, tax, and treasury. A portion of these expenses are attributed to the reportable segments for providing the above services to them, and have been allocated to the segments as management service expenses, and are included in the segments’ non-operating other income (expense). Segment information is presented in accordance with ASC 280, “Segment Reporting. This standard is based on a management approach that requires segmentation based upon the Company’s internal organization and disclosure of revenue and certain expenses based upon internal accounting methods. The Company’s financial reporting systems present various data for management to run the business, including internal profit and loss statements prepared on a basis not consistent with U.S. GAAP. Accounts receivable and long-lived assets are the only significant asset separated by segment for internal reporting purposes.
AmericasAsia PacificEuropeCorporateInter-Segment EliminationTotal
For The Three Months Ended June 30, 2023
Revenue, from external customers$8,569 $28,402 $7,926 $— $— $44,897 
Inter-segment revenue102 — — — (102)— 
Total revenue$8,671 $28,402 $7,926 $— $(102)$44,897 
Adjusted net revenue, from external customers (a)
$8,321 $9,581 $4,681 $— $— $22,583 
Inter-segment adjusted net revenue102 (58)(15)— (29)— 
Total adjusted net revenue$8,423 $9,523 $4,666 $— $(29)$22,583 
EBITDA (loss) (b)
$(466)$2,131 $851 $(857)$— $1,659 
Depreciation and amortization(312)(32)(8)(2)— (354)
Intercompany dividend/interest (expense) income, net— (127)1,218 127 (1,218)— 
Interest income, net— — 128 — 130 
Provision for income taxes(73)(552)(299)67 — (857)
Net income (loss)$(851)$1,422 $1,762 $(537)$(1,218)$578 
For The Six Months Ended June 30, 2023
Revenue, from external customers$17,841 $55,678 $14,450 $— $— $87,969 
Inter-segment revenue111 — (24)— (87)— 
Total revenue$17,952 $55,678 $14,426 $— $(87)$87,969 
Adjusted net revenue, from external customers (a)
$17,243 $18,040 $9,064 $— $— $44,347 
Inter-segment adjusted net revenue111 (38)(47)— (26)— 
Total adjusted net revenue$17,354 $18,002 $9,017 $— $(26)$44,347 
EBITDA (loss) (b)
$(896)$3,565 $1,295 $(1,806)$— $2,158 
Depreciation and amortization(623)(59)(15)(5)— (702)
Intercompany dividend/interest (expense) income, net— (247)1,218 247 (1,218)— 
Interest income, net— — 190 — 194 
Provision for income taxes155 (920)(413)460 — (718)
Net income (loss)$(1,364)$2,343 $2,085 $(914)$(1,218)$932 
As of June 30, 2023
Accounts receivable, net$7,478 $14,069 $5,915 $— $— $27,462 
Long-lived assets, net of accumulated depreciation and amortization (c)
$8,431 $915 $43 $19 $— $9,408 
Total assets$20,668 $25,170 $11,268 $8,640 $— $65,746 
AmericasAsia PacificEuropeCorporateInter-
Segment
Elimination
Total
For The Three Months Ended June 30, 2022    
Revenue, from external customers$14,415 $29,944 $12,364 $— $— $56,723 
Inter-segment revenue46 — — (53)— 
Total revenue$14,461 $29,944 $12,371 $— $(53)$56,723 
Adjusted net revenue, from external customers (a)
$13,809 $9,174 $4,291 $— $— $27,274 
Inter-segment adjusted net revenue45 (45)(4)— — 
Total adjusted net revenue (a)
$13,854 $9,129 $4,287 $— $$27,274 
EBITDA (loss) (b)
$2,291 $2,262 $551 $(896)$— $4,208 
Depreciation and amortization(321)(9)(6)(1)— (337)
Intercompany (expense) interest income, net— (81)1,214 1,300 (2,433)— 
Interest (expense) income, net— — — 
Provision for income taxes(26)(544)(92)(119)— (781)
Net income (loss)$1,944 $1,629 $1,667 $286 $(2,433)$3,093 
For The Six Months Ended June 30, 2022    
Revenue, from external customers$29,026 $61,077 $18,537 $— $— $108,640 
Inter-segment revenue99 12 38 — (149)— 
Total revenue$29,125 $61,089 $18,575 $— $(149)$108,640 
Adjusted net revenue, from external customers (a)
$27,511 $17,387 $7,949 $— $— $52,847 
Inter-segment adjusted net revenue61 (53)(12)— — 
Total adjusted net revenue$27,572 $17,334 $7,937 $— $$52,847 
EBITDA (loss) (b)
$4,705 $4,289 $698 $(1,607)$— $8,085 
Depreciation and amortization(626)(20)(13)(2)— (661)
Intercompany (expense) interest income, net— (156)1,214 1,375 (2,433)— 
Interest (expense) income, net— — — 
(Provision for) benefit from income taxes(68)(1,075)(76)(98)— (1,317)
Net income (loss)$4,011 $3,040 $1,823 $(329)$(2,433)$6,112 
As of December 31, 2022      
Accounts receivable, net$9,015 $10,900 $6,355 $— $— $26,270 
Long-lived assets, net of accumulated depreciation and amortization (c)
$9,027 $963 $49 $25 $— $10,064 
Total assets$23,775 $23,662 $9,568 $10,937 $— $67,942 

(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.

(c)Comprised of property and equipment, intangible assets and goodwill, net of accumulated depreciation and amortization.

Geographic Data Reporting
    A summary of revenues for the three and six months ended June 30, 2023 and 2022 and net assets by geographic area as of June 30, 2023 and 2022 and as of December 31, 2022, were as follows:
AustraliaUnited
States
United
Kingdom
OtherTotal
For The Three Months Ended June 30, 2023  
Revenue (a)
$25,422 $8,125 $7,547 $3,803 $44,897 
For The Three Months Ended June 30, 2022  
Revenue (a)
$26,724 $13,866 $11,946 $4,187 $56,723 
For The Six Months Ended June 30, 2023
Revenue (a)
$49,794 $16,795 $13,696 $7,684 $87,969 
For The Six Months Ended June 30, 2022
Revenue (a)
$55,110 $27,762 $17,720 $8,048 $108,640 
As of June 30, 2023    
Long-lived assets, net of accumulated depreciation and amortization (b)
$61 $8,452 $43 $852 $9,408 
Net assets$10,904 $23,987 $3,866 $7,927 $46,684 
As of December 31, 2022    
Long-lived assets, net of accumulated depreciation and amortization (b)
$74 $9,070 $49 $871 $10,064 
Net assets$8,744 $25,204 $3,529 $8,315 $45,792 
  
(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.

(b) Comprised of property and equipment, intangible assets and goodwill, net of accumulated depreciation and amortization.