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Note 8 - Segment Disclosures
 6 Months Ended
Jun. 30, 2013
Segment Reporting Disclosure [Text Block]  
Segment Reporting Disclosure [Text Block]

8. Segment Disclosures


The Company’s segments are based on the organizational structure for which financial results are regularly evaluated by the Company’s chief operating decision maker to determine resource allocation and assess performance. The Company’s seven reporting segments are: (1) Americas Commercial, (2) Americas Professional and Technical (“Americas PT”), (3) Europe, Middle East and Africa Commercial (“EMEA Commercial”), (4) Europe, Middle East and Africa Professional and Technical (“EMEA PT”), (5) Asia Pacific Commercial (“APAC Commercial”), (6) Asia Pacific Professional and Technical (“APAC PT”), and (7) Outsourcing and Consulting Group (“OCG”).


The Commercial business segments within the Americas, EMEA and APAC regions represent traditional office services, contact-center staffing, marketing, electronic assembly, light industrial and, in the Americas, substitute teachers. The PT segments encompass a wide range of highly skilled temporary employees, including scientists, financial professionals, attorneys, engineers, IT specialists and healthcare workers. OCG includes recruitment process outsourcing (“RPO”), contingent workforce outsourcing (“CWO”), business process outsourcing (“BPO”), payroll process outsourcing (“PPO”), executive placement and career transition/outplacement services. Corporate expenses that directly support the operating units have been allocated to the Americas, EMEA and APAC regions and OCG based on a work effort, volume or, in the absence of a readily available measurement process, proportionately based on revenue from services.


The following tables present information about the reported revenue from services and gross profit of the Company by segment, along with a reconciliation to consolidated earnings from continuing operations before taxes, for the 13 and 26 weeks ended 2013 and 2012. Asset information by reportable segment is not presented, since the Company does not produce such information internally, nor does it use such data to manage its business.


   

13 Weeks Ended

   

26 Weeks Ended

 
   

2013

   

2012

   

2013

   

2012

 
   

(In millions of dollars)

   

(In millions of dollars)

 

Revenue from Services:

                               

Americas Commercial

  $ 648.8     $ 668.6     $ 1,287.1     $ 1,337.9  

Americas PT

    259.6       262.4       510.6       512.5  

Total Americas Commercial and PT

    908.4       931.0       1,797.7       1,850.4  
                                 

EMEA Commercial

    219.8       213.7       420.8       426.7  

EMEA PT

    43.1       41.6       86.6       83.8  

Total EMEA Commercial and PT

    262.9       255.3       507.4       510.5  
                                 

APAC Commercial

    87.7       84.3       169.2       172.6  

APAC PT

    10.0       12.8       20.2       25.6  

Total APAC Commercial and PT

    97.7       97.1       189.4       198.2  
                                 

OCG

    109.9       91.4       208.9       178.1  
                                 

Less: Intersegment revenue

    (12.0 )     (8.7 )     (21.7 )     (16.3 )
                                 

Consolidated Total

  $ 1,366.9     $ 1,366.1     $ 2,681.7     $ 2,720.9  

   

13 Weeks Ended

   

26 Weeks Ended

 
   

2013

   

2012

   

2013

   

2012

 
   

(In millions of dollars)

   

(In millions of dollars)

 

Earnings from Operations:

                               

Americas Commercial gross profit

  $ 94.2     $ 97.7     $ 187.7     $ 195.7  

Americas PT gross profit

    41.1       39.7       81.5       79.9  

Americas Region gross profit

    135.3       137.4       269.2       275.6  

Americas Region SG&A expenses

    (103.8 )     (99.0 )     (213.0 )     (201.9 )

Americas Region Earnings from Operations

    31.5       38.4       56.2       73.7  
                                 

EMEA Commercial gross profit

    33.8       34.2       64.9       67.7  

EMEA PT gross profit

    10.5       10.9       21.2       22.2  

EMEA Region gross profit

    44.3       45.1       86.1       89.9  

EMEA Region SG&A expenses

    (39.9 )     (39.7 )     (81.9 )     (84.2 )

EMEA Region Earnings from Operations

    4.4       5.4       4.2       5.7  
                                 

APAC Commercial gross profit

    12.5       12.5       24.1       25.6  

APAC PT gross profit

    3.8       5.3       7.1       10.5  

APAC Region gross profit

    16.3       17.8       31.2       36.1  

APAC Region SG&A expenses

    (15.4 )     (19.0 )     (31.2 )     (38.7 )

APAC Region Earnings (Loss) from Operations

    0.9       (1.2 )     -       (2.6 )
                                 

OCG gross profit

    25.6       23.7       52.7       46.8  

OCG SG&A expenses

    (26.4 )     (22.8 )     (51.8 )     (45.4 )

OCG asset impairment

    (1.7 )     -       (1.7 )     -  

OCG (Loss) Earnings from Operations

    (2.5 )     0.9       (0.8 )     1.4  
                                 

Less: Intersegment gross profit

    (0.8 )     (0.8 )     (1.6 )     (1.5 )

Less: Intersegment SG&A expenses

    0.8       0.8       1.6       1.5  

Net Intersegment Activity

    -       -       -       -  
                                 

Corporate

    (17.9 )     (19.7 )     (36.1 )     (39.7 )

Consolidated Total

    16.4       23.8       23.5       38.5  

Other Expense, Net

    1.6       0.5       2.6       1.1  

Earnings From Continuing Operations Before Taxes

  $ 14.8     $ 23.3     $ 20.9     $ 37.4