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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