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Segment Disclosures (Tables)
3 Months Ended
Mar. 31, 2017
Segment Reporting [Abstract]  
Summary of Segment Information

Segment information for the three months ended March 31, 2017 and 2016 was as follows (in thousands):

 

 

 

Three Months Ended March 31, 2017

 

 

 

Financial

Services

 

 

Benefits and Insurance Services

 

 

National

Practices

 

 

Corporate

and

Other

 

 

Total

 

Revenue

 

$

158,633

 

 

$

75,164

 

 

$

7,662

 

 

$

 

 

$

241,459

 

Operating expenses

 

 

119,389

 

 

 

60,142

 

 

 

7,007

 

 

 

6,228

 

 

 

192,766

 

Gross margin

 

 

39,244

 

 

 

15,022

 

 

 

655

 

 

 

(6,228

)

 

 

48,693

 

Corporate general & admin

 

 

 

 

 

 

 

 

 

 

 

8,768

 

 

 

8,768

 

Operating income (loss)

 

 

39,244

 

 

 

15,022

 

 

 

655

 

 

 

(14,996

)

 

 

39,925

 

Other income (expense):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest expense

 

 

 

 

 

(11

)

 

 

 

 

 

(1,506

)

 

 

(1,517

)

Gain on sale of operations, net

 

 

 

 

 

 

 

 

 

 

 

22

 

 

 

22

 

Other income, net

 

 

15

 

 

 

96

 

 

 

 

 

 

2,626

 

 

 

2,737

 

Total other income

 

 

15

 

 

 

85

 

 

 

 

 

 

1,142

 

 

 

1,242

 

Income (loss) from continuing operations before

   income tax expense

 

$

39,259

 

 

$

15,107

 

 

$

655

 

 

$

(13,854

)

 

$

41,167

 

 

 

 

Three Months Ended March 31, 2016

 

 

 

Financial

Services

 

 

Benefits and Insurance Services

 

 

National

Practices

 

 

Corporate

and

Other

 

 

Total

 

Revenue

 

$

152,207

 

 

$

64,327

 

 

$

7,704

 

 

$

 

 

$

224,238

 

Operating expenses

 

 

113,497

 

 

 

53,680

 

 

 

6,877

 

 

 

4,063

 

 

 

178,117

 

Gross margin

 

 

38,710

 

 

 

10,647

 

 

 

827

 

 

 

(4,063

)

 

 

46,121

 

Corporate general & admin

 

 

 

 

 

 

 

 

 

 

 

10,245

 

 

 

10,245

 

Operating income (loss)

 

 

38,710

 

 

 

10,647

 

 

 

827

 

 

 

(14,308

)

 

 

35,876

 

Other income (expense):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest expense

 

 

 

 

 

(10

)

 

 

 

 

 

(1,516

)

 

 

(1,526

)

Gain on sale of operations, net

 

 

 

 

 

 

 

 

 

 

 

101

 

 

 

101

 

Other income, net

 

 

254

 

 

 

74

 

 

 

 

 

 

1,819

 

 

 

2,147

 

Total other income

 

 

254

 

 

 

64

 

 

 

 

 

 

404

 

 

 

722

 

Income (loss) from continuing operations before

   income tax expense

 

$

38,964

 

 

$

10,711

 

 

$

827

 

 

$

(13,904

)

 

$

36,598