XML 34 R22.htm IDEA: XBRL DOCUMENT v3.24.2.u1
Reportable Segments
9 Months Ended
Jun. 30, 2024
Segment Reporting [Abstract]  
Reportable Segments Reportable Segments
We manage our operations under two reportable segments. Our GSG reportable segment primarily includes activities with U.S. government clients (federal, state and local) and all activities with development agencies worldwide. Our CIG reportable segment primarily includes activities with U.S. commercial clients and international clients other than development agencies.

GSG provides high-end consulting and engineering services primarily to U.S. government clients (federal, state and local) and international development agencies worldwide. GSG supports U.S. government civilian and defense agencies with services in water, environment, sustainable infrastructure, information technology and disaster management. GSG also provides engineering design services for U.S. based federal and municipal clients, especially in water infrastructure, flood protection and solid waste. GSG also leads our support for development agencies worldwide, especially in the United States, United Kingdom and Australia.

CIG primarily provides high-end consulting and engineering services to U.S. commercial clients, and international clients inclusive of the commercial and government sectors. CIG supports commercial clients worldwide in renewable energy,
industrial, high performance buildings and aerospace markets. CIG also provides sustainable infrastructure and related environmental, engineering and project management services to commercial and local government clients across Canada, in Asia Pacific (primarily Australia and New Zealand), Europe, the United Kingdom and South America (primarily Brazil).

Management evaluates the performance of these reportable segments based upon their respective segment operating income before the effect of amortization expense related to acquisitions, and other unallocated corporate expenses. We account for inter-segment revenues and transfers as if they were to third parties; that is, by applying a negotiated fee onto the costs of the services performed. All significant intercompany balances and transactions are eliminated in consolidation. In the third quarter and first nine months of fiscal 2023, our Corporate segment operating losses included $2.1 million and $25.8 million of acquisition and integration expenses, respectively, as described in Note 4, “Acquisitions”.

The following tables summarize financial information regarding our reportable segments (in thousands):

 Three Months EndedNine Months Ended
 June 30,
2024
July 2,
2023
June 30,
2024
July 2,
2023
 
Revenue    
GSG$640,553 $531,050 $1,812,721 $1,565,371 
CIG723,617 691,386 2,063,879 1,741,300 
Elimination of inter-segment revenue(19,847)(13,489)(52,395)(44,733)
Total revenue$1,344,323 $1,208,947 $3,824,205 $3,261,938 
Income from operations    
GSG$71,518 $54,496 $198,652 $167,053 
CIG86,465 69,572 233,821 172,199 
Corporate (1)
(29,353)(26,393)(75,078)(88,516)
Total income from operations$128,630 $97,675 $357,395 $250,736 
(1)     Includes amortization of intangibles, acquisition and integration expenses, as well as other costs and other income not allocable to our reportable segments.

Balance at
 June 30,
2024
October 1,
2023
 
Total Assets  
GSG$632,346 $543,066 
CIG1,066,241 994,470 
Corporate (1)
2,386,318 2,282,941 
Total assets$4,084,905 $3,820,477 
(1)    Corporate assets consist of intercompany eliminations and assets not allocated to our reportable segments including goodwill, intangible assets, deferred income taxes and certain other assets.