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Business Segments
12 Months Ended
Dec. 31, 2011
Business Segments [Abstract]  
Business Segments

Note M—Business Segments

The Company, which aggregates its operating segments based on the nature of services, has three reportable segments: temporary and consultant staffing, permanent placement staffing, and risk consulting and internal audit services. The temporary and consultant segment provides specialized staffing in the accounting and finance, administrative and office, information technology, legal, advertising, marketing and web design fields. The permanent placement segment provides full-time personnel in the accounting, finance, administrative and office, and information technology fields. The risk consulting 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 or loss from operations before net interest income, intangible amortization expense, and income taxes.

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

 

     Years Ended December 31,  
     2011     2010     2009  

Net service revenues

      

Temporary and consultant staffing

   $ 3,050,999      $ 2,568,255      $ 2,471,132   

Permanent placement staffing

     302,155        221,219        181,856   

Risk consulting and internal audit services

     423,822        385,619        383,559   
  

 

 

   

 

 

   

 

 

 
   $ 3,776,976      $ 3,175,093      $ 3,036,547   
  

 

 

   

 

 

   

 

 

 

Operating income (loss)

      

Temporary and consultant staffing

   $ 209,101      $ 108,443      $ 104,521   

Permanent placement staffing

     35,340        17,502        (6,973

Risk consulting and internal audit services

     4,977        (10,945     (30,768
  

 

 

   

 

 

   

 

 

 
     249,418        115,000        66,780   

Amortization of intangible assets

     153        411        1,460   

Interest income, net

     (951     (579     (1,443
  

 

 

   

 

 

   

 

 

 

Income before income taxes

   $ 250,216      $ 115,168      $ 66,763   
  

 

 

   

 

 

   

 

 

 

 

The Company does not report total assets by segment. The following tables represent identifiable assets by business segment (in thousands):

 

     December 31,  
     2011      2010      2009  

Accounts receivable

        

Temporary and consultant staffing

   $ 342,122       $ 296,722       $ 257,918   

Permanent placement staffing

     75,333         59,952         43,815   

Risk consulting and internal audit services

     98,499         88,070         82,082   
  

 

 

    

 

 

    

 

 

 
   $ 515,954       $ 444,744       $ 383,815   
  

 

 

    

 

 

    

 

 

 
     December 31,  
     2011      2010      2009  

Goodwill

        

Temporary and consultant staffing

   $ 134,507       $ 134,653       $ 134,780   

Permanent placement staffing

     26,545         26,568         26,579   

Risk consulting and internal audit services

     28,371         28,566         27,977   
  

 

 

    

 

 

    

 

 

 
   $ 189,423       $ 189,787       $ 189,336   
  

 

 

    

 

 

    

 

 

 

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,  
     2011      2010      2009  

Net service revenues

        

Domestic

   $ 2,655,443       $ 2,263,316       $ 2,161,826   

Foreign

     1,121,533         911,777         874,721   
  

 

 

    

 

 

    

 

 

 
   $ 3,776,976       $ 3,175,093       $ 3,036,547   
  

 

 

    

 

 

    

 

 

 
     December 31,  
     2011      2010      2009  

Assets, long-lived

        

Domestic

   $ 87,146       $ 86,689       $ 101,034   

Foreign

     20,826         16,962         23,624   
  

 

 

    

 

 

    

 

 

 
   $ 107,972       $ 103,651       $ 124,658