Business Segments

12 Months Ended

Dec. 31, 2019

The Company has three reportable segments: temporary and consultant staffing, permanent placement staffing, and risk consulting and internal audit services. Operating segments are defined as components of the Company for which separate financial information is evaluated regularly by the chief operating decision maker in deciding how to allocate resources and assess performance. The temporary and consultant staffing segment provides specialized staffing in the accounting and finance, administrative and office, information technology, legal, advertising, marketing and web design fields. The permanent placement staffing segment provides full-time personnel in the accounting, finance, administrative and office, and information technology fields. The risk consulting and internal audit services segment provides business and technology risk consulting and internal audit services.

The accounting policies of the segments are set forth in Note A—Summary of Significant Accounting Policies. The Company evaluates performance based on income from operations before net interest income, intangible amortization expense, and income taxes.

The following table provides a reconciliation of revenue and operating income by reportable segment to consolidated results (in thousands):


	Years Ended December 31,
	2019		2018		2017
Service revenues
Temporary and consultant staffing	$	4,412,125	$	4,330,566	$	4,011,042
Permanent placement staffing	533,432		511,989		439,214
Risk consulting and internal audit services	1,128,875		957,716		816,533
	$	6,074,432	$	5,800,271	$	5,266,789
Operating income
Temporary and consultant staffing	$	410,153	$	404,800	$	355,700
Permanent placement staffing	83,885		90,801		77,673
Risk consulting and internal audit services	127,713		93,324		83,907
	621,751		588,925		517,280
Amortization of intangible assets	1,361		1,705		1,563
Interest income, net	(5,125)		(4,382)		(1,799)
Income before income taxes	$	625,515	$	591,602	$	517,516

Assets by reportable segment are not presented as the Company does not allocate assets to its reportable segments, nor is such information used by management for purposes of assessing performance or allocating resources.

The Company operates internationally, with operations in North America, South America, Europe, Asia and Australia. The following tables represent revenues and long-lived assets by geographic location (in thousands):


	Years Ended December 31,
	2019		2018		2017
Service revenues (a)
Domestic	$	4,708,715	$	4,433,767	$	4,121,701
Foreign (b)	1,365,717		1,366,504		1,145,088
	$	6,074,432	$	5,800,271	$	5,266,789

	December 31,
	2019		2018		2017
Property and equipment, net
Domestic	$	99,365	$	96,169	$	113,069
Foreign	29,020		29,007		31,818
	$	128,385	$	125,176	$	144,887

(a) There were no customers that accounted for more than 10% of the Company’s total service revenues in any year presented.

(b) No individual country represented more than 10% of revenues in any year presented.