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Segment Disclosures (Tables)
9 Months Ended
Sep. 30, 2017
Segment Reporting [Abstract]  
Summary of Segment Information

Segment information for the three months ended September 30, 2017 and 2016 was as follows (in thousands):

 

 

 

Three Months Ended September 30, 2017

 

 

 

Financial

Services

 

 

Benefits and

Insurance Services

 

 

National

Practices

 

 

Corporate and

Other

 

 

Total

 

Revenue

 

$

130,305

 

 

$

69,663

 

 

$

7,755

 

 

$

 

 

$

207,723

 

Operating expenses

 

 

112,996

 

 

 

59,155

 

 

 

7,109

 

 

 

5,463

 

 

 

184,723

 

Gross margin

 

 

17,309

 

 

 

10,508

 

 

 

646

 

 

 

(5,463

)

 

 

23,000

 

Corporate general & admin

 

 

 

 

 

 

 

 

 

 

 

7,979

 

 

 

7,979

 

Operating income (loss)

 

 

17,309

 

 

 

10,508

 

 

 

646

 

 

 

(13,442

)

 

 

15,021

 

Other income (expense):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest expense

 

 

 

 

 

(10

)

 

 

 

 

 

(1,767

)

 

 

(1,777

)

Other income, net

 

 

79

 

 

 

82

 

 

 

 

 

 

2,631

 

 

 

2,792

 

Total other income

 

 

79

 

 

 

72

 

 

 

 

 

 

864

 

 

 

1,015

 

Income (loss) from continuing operations

   before income tax expense

 

$

17,388

 

 

$

10,580

 

 

$

646

 

 

$

(12,578

)

 

$

16,036

 

 

 

 

Three Months Ended September 30, 2016

 

 

 

Financial

Services

 

 

Benefits and

Insurance Services

 

 

National

Practices

 

 

Corporate and

Other

 

 

Total

 

Revenue

 

$

123,049

 

 

$

68,979

 

 

$

7,766

 

 

$

 

 

$

199,794

 

Operating expenses

 

 

105,615

 

 

 

57,627

 

 

 

6,895

 

 

 

3,932

 

 

 

174,069

 

Gross margin

 

 

17,434

 

 

 

11,352

 

 

 

871

 

 

 

(3,932

)

 

 

25,725

 

Corporate general & admin

 

 

 

 

 

 

 

 

 

 

 

8,679

 

 

 

8,679

 

Operating income (loss)

 

 

17,434

 

 

 

11,352

 

 

 

871

 

 

 

(12,611

)

 

 

17,046

 

Other income (expense):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest expense

 

 

 

 

 

(12

)

 

 

 

 

 

(1,748

)

 

 

(1,760

)

Gain on sale of operations, net

 

 

 

 

 

 

 

 

 

 

 

329

 

 

 

329

 

Other income, net

 

 

10

 

 

 

62

 

 

 

1

 

 

 

2,559

 

 

 

2,632

 

Total other income

 

 

10

 

 

 

50

 

 

 

1

 

 

 

1,140

 

 

 

1,201

 

Income (loss) from continuing operations

   before income tax expense

 

$

17,444

 

 

$

11,402

 

 

$

872

 

 

$

(11,471

)

 

$

18,247

 

Segment information for the nine months ended September 30, 2017 and 2016 was as follows (in thousands):

 

 

 

Nine Months Ended

September 30, 2017

 

 

 

Financial

Services

 

 

Benefits and

Insurance Services

 

 

National

Practices

 

 

Corporate and

Other

 

 

Total

 

Revenue

 

$

421,529

 

 

$

215,386

 

 

$

23,283

 

 

$

 

 

$

660,198

 

Operating expenses

 

 

348,236

 

 

 

179,174

 

 

 

21,351

 

 

 

16,848

 

 

 

565,609

 

Gross margin

 

 

73,293

 

 

 

36,212

 

 

 

1,932

 

 

 

(16,848

)

 

 

94,589

 

Corporate general & admin

 

 

 

 

 

 

 

 

 

 

 

25,979

 

 

 

25,979

 

Operating income (loss)

 

 

73,293

 

 

 

36,212

 

 

 

1,932

 

 

 

(42,827

)

 

 

68,610

 

Other income (expense):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest expense

 

 

 

 

 

(30

)

 

 

 

 

 

(4,956

)

 

 

(4,986

)

Gain on sale of operations, net

 

 

 

 

 

 

 

 

 

 

 

45

 

 

 

45

 

Other income (expense), net

 

 

122

 

 

 

298

 

 

 

(9

)

 

 

8,882

 

 

 

9,293

 

Total other income (expense)

 

 

122

 

 

 

268

 

 

 

(9

)

 

 

3,971

 

 

 

4,352

 

Income (loss) from continuing operations

   before income tax expense

 

$

73,415

 

 

$

36,480

 

 

$

1,923

 

 

$

(38,856

)

 

$

72,962

 

 

 

 

Nine Months Ended

September 30, 2016

 

 

 

Financial

Services

 

 

Benefits and

Insurance Services

 

 

National

Practices

 

 

Corporate and

Other

 

 

Total

 

Revenue

 

$

398,112

 

 

$

199,790

 

 

$

23,145

 

 

$

 

 

$

621,047

 

Operating expenses

 

 

326,099

 

 

 

167,651

 

 

 

20,777

 

 

 

11,655

 

 

 

526,182

 

Gross margin

 

 

72,013

 

 

 

32,139

 

 

 

2,368

 

 

 

(11,655

)

 

 

94,865

 

Corporate general & admin

 

 

 

 

 

 

 

 

 

 

 

27,270

 

 

 

27,270

 

Operating income (loss)

 

 

72,013

 

 

 

32,139

 

 

 

2,368

 

 

 

(38,925

)

 

 

67,595

 

Other income (expense):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest expense

 

 

 

 

 

(32

)

 

 

 

 

 

(4,987

)

 

 

(5,019

)

Gain on sale of operations, net

 

 

 

 

 

 

 

 

 

 

 

480

 

 

 

480

 

Other income, net

 

 

237

 

 

 

220

 

 

 

2

 

 

 

5,023

 

 

 

5,482

 

Total other income

 

 

237

 

 

 

188

 

 

 

2

 

 

 

516

 

 

 

943

 

Income (loss) from continuing operations

   before income tax expense

 

$

72,250

 

 

$

32,327

 

 

$

2,370

 

 

$

(38,409

)

 

$

68,538