Business Segments

12 Months Ended

Dec. 31, 2012

Segment Reporting [Abstract]

Business Segments

Business Segments.

The Company has five reportable segments: Apex, Oxford (formerly IT and Engineering), Life Sciences, Healthcare and Physician.

The Apex segment provides mission-critical IT operations professionals for contract, contract-to-hire and permanent placement positions to Fortune 1000 and mid-market clients across the United States, and offers consulting services for other select project-based needs. Apex provides staffing and services support for companies from all major industries, including financial services, business services, consumer and industrials, technology, healthcare, government services, and communications.

The Oxford segment provides high-end contract and direct placement services of information technology and engineering professionals with expertise in specialized information technology; software and hardware engineering; and mechanical, electrical, validation and telecommunications engineering fields.

The Life Sciences segment provides contract, contract-to-permanent and direct placement services of laboratory and scientific professionals to the biotechnology, pharmaceutical, food and beverage, medical device, personal care, chemical and environmental industries. These contract staffing specialties include chemists, clinical research associates, clinical lab assistants, engineers, biologists, biochemists, microbiologists, molecular biologists, food scientists, regulatory affairs specialists, lab assistants and other skilled scientific professionals.

The Healthcare segment includes the combined results of the Nurse Travel and Allied Healthcare lines of business. The lines of business have been aggregated into the Healthcare segment based on similar economic characteristics, end-market customers and management personnel. The Healthcare segment provides contract, contract-to-permanent and direct placement of professionals from a number of healthcare, medical financial and allied occupations. These contract staffing specialties include nurses, specialty nurses, respiratory therapists, surgical technicians, imaging technicians, x-ray technicians, medical technologists, phlebotomists, coders, billers, claims processors and collections staff.

The Physician segment provides contract and direct placement physicians to healthcare organizations. The Physician segment works with nearly all medical specialties, placing locum tenens physicians in hospitals, community-based practices, and federal, state and local facilities.

The Company’s management evaluates the performance of each segment primarily based on revenues, gross profit and operating income. The information in the following table is derived directly from the segments’ internal financial reporting used for corporate management purposes.

The following table represents revenues, gross profit and operating income by reportable segment (in thousands):

	Year Ended December 31,
	2012		2011			2010
Revenues:
Apex	$	508,743	$	—		$	—
Oxford (formerly IT and Engineering)	345,380		266,742			178,688
Life Sciences	162,799		155,324			109,495
Healthcare	120,104		94,598			76,287
Physician	102,679		80,617			73,595
	$	1,239,705	$	597,281		$	438,065
Gross Profit:
Apex	$	140,669	$	—		$	—
Oxford (formerly IT and Engineering)	122,043		94,967			64,775
Life Sciences	55,874		52,643			37,776
Healthcare	34,282		26,637			23,058
Physician	31,455		25,858			23,847
	$	384,323	$	200,105		$	149,456
Operating Income (Loss):
Apex (1)	$	21,593	$	—		$	—
Oxford (formerly IT and Engineering)	48,802		31,816			13,910
Life Sciences	11,626		10,727			5,305
Healthcare	2,375		(3,491		)	(20,998		)
Physician	8,383		5,347			5,010
	$	92,779	$	44,399		$	3,227
____

(1) Apex operating income includes acquisition related costs of $9.8 million for the twelve months ended December 31, 2012.

The Company does not report Life Sciences and Healthcare segments’ total assets separately as the operations are largely centralized. The following table represents total assets as allocated by reportable segment (in thousands):

	December 31,
	2012		2011		2010
Total Assets:
Apex	$	642,594	$	—	$	—
Oxford (formerly IT and Engineering)	231,211		218,810		202,229
Life Sciences and Healthcare	139,601		107,915		74,979
Physician	84,615		83,940		63,908
	$	1,098,021	$	410,665	$	341,116

The Company does not report all assets by segment for all reportable segments. The following table represents identifiable assets by reportable segment (in thousands):

	December 31,
	2012		2011		2010
Gross Accounts Receivable:
Apex	$	132,575	$	—	$	—
Oxford (formerly IT and Engineering)	56,336		47,658		30,725
Life Sciences	21,041		21,727		14,107
Healthcare	18,116		11,568		9,628
Physician	18,905		15,749		10,233
	$	246,973	$	96,702	$	64,693

The Company operates internationally, with operations in the United States, Europe, Canada, China, Australia, and New Zealand. The following table represents revenues by geographic location (in thousands):

	Year Ended December 31,
	2012		2011		2010
Revenues:
Domestic	$	1,161,936	$	529,150	$	407,317
Foreign	77,769		68,131		30,748
	$	1,239,705	$	597,281	$	438,065

The following table represents long-lived assets by geographic location (in thousands):

	December 31,
	2012		2011		2010
Long-lived Assets:
Domestic	$	40,062	$	19,078	$	19,826
Foreign	2,006		1,033		754
	$	42,068	$	20,111	$	20,580