Segment Disclosures (Tables)

3 Months Ended

Mar. 31, 2024

Segment Reporting [Abstract]

Schedule of Disaggregation of Revenue by Source

The following table disaggregates our revenue by source (in thousands):

	Three Months Ended March 31, 2024
	Financial Services		Benefits and Insurance Services		National Practices		Consolidated
Accounting, tax, advisory and consulting	$	372,630	—		—		$	372,630
Core benefits and insurance services	—		105,205		—		105,205
Non-core benefits and insurance services	—		3,203		—		3,203
Managed networking, hardware services	—		—		10,188		10,188
National practices consulting	—		—		3,071		3,071
Total revenue	$	372,630	$	108,408	$	13,259	$	494,297

	Three Months Ended March 31, 2023
	Financial Services		Benefits and Insurance Services		National Practices		Consolidated
Accounting, tax, advisory and consulting	$	343,086	—		—		$	343,086
Core benefits and insurance services	—		96,617		—		96,617
Non-core benefits and insurance services	—		3,437		—		3,437
Managed networking, hardware services	—		—		8,954		8,954
National practices consulting	—		—		2,512		2,512
Total revenue	$	343,086	$	100,054	$	11,466	$	454,606

Schedule of Segment Information

Segment information for the three months ended March 31, 2024 and 2023 was as follows (in thousands):

	Three Months Ended March 31, 2024
	Financial Services		Benefits and Insurance Services		National Practices		Corporate and Other		Total
Revenue	$	372,630	$	108,408	$	13,259	$	—	$	494,297
Operating expenses	265,561		83,637		11,933		15,354		376,485
Gross margin	107,069		24,771		1,326		(15,354)		117,812
Corporate general and administrative expenses	—		—		—		18,711		18,711
Operating income (loss)	107,069		24,771		1,326		(34,065)		99,101
Other income (expense):
Interest expense	—		—		—		(4,511)		(4,511)
Other income, net	86		44		—		9,294		9,424
Total other income, net	86		44		—		4,783		4,913
Income before income tax expense	$	107,155	$	24,815	$	1,326	$	(29,282)	$	104,014

	Three Months Ended March 31, 2023
	Financial Services		Benefits and Insurance Services		National Practices		Corporate and Other		Total
Revenue	$	343,086	$	100,054	$	11,466	$	—	$	454,606
Operating expenses	244,443		76,923		10,583		9,062		341,011
Gross margin	98,643		23,131		883		(9,062)		113,595
Corporate general and administrative expenses	—		—		—		15,598		15,598
Operating income (loss)	98,643		23,131		883		(24,660)		97,997
Other income (expense):
Interest expense	—		(1)		—		(3,640)		(3,641)
Gain on sale of operations, net	99		—		—		—		99
Other income, net	255		177		—		4,680		5,112
Total other income, net	354		176		—		1,040		1,570
Income (loss) before income tax expense	$	98,997	$	23,307	$	883	$	(23,620)	$	99,567