XML 27 R2.htm IDEA: XBRL DOCUMENT v2.4.1.9
Condensed Consolidated Statements of Operations (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
May 03, 2015
May 04, 2014
May 03, 2015
May 04, 2014
REVENUE:        
Staffing services revenue $ 362,277visi_StaffingServicesRevenueNet $ 406,733visi_StaffingServicesRevenueNet $ 723,098visi_StaffingServicesRevenueNet $ 799,002visi_StaffingServicesRevenueNet
Other revenue 22,912us-gaap_OtherSalesRevenueNet 29,347us-gaap_OtherSalesRevenueNet 45,157us-gaap_OtherSalesRevenueNet 58,706us-gaap_OtherSalesRevenueNet
NET REVENUE 385,189us-gaap_SalesRevenueServicesNet 436,080us-gaap_SalesRevenueServicesNet 768,255us-gaap_SalesRevenueServicesNet 857,708us-gaap_SalesRevenueServicesNet
EXPENSES:        
Direct cost of staffing services revenue 305,116us-gaap_DirectOperatingCosts 344,922us-gaap_DirectOperatingCosts 615,935us-gaap_DirectOperatingCosts 684,718us-gaap_DirectOperatingCosts
Cost of other revenue 19,909us-gaap_OtherCostOfOperatingRevenue 24,066us-gaap_OtherCostOfOperatingRevenue 39,514us-gaap_OtherCostOfOperatingRevenue 48,199us-gaap_OtherCostOfOperatingRevenue
Selling, administrative and other operating costs 58,633us-gaap_SellingGeneralAndAdministrativeExpense 60,626us-gaap_SellingGeneralAndAdministrativeExpense 118,597us-gaap_SellingGeneralAndAdministrativeExpense 126,225us-gaap_SellingGeneralAndAdministrativeExpense
Restructuring costs 251us-gaap_RestructuringCosts 999us-gaap_RestructuringCosts 251us-gaap_RestructuringCosts 1,656us-gaap_RestructuringCosts
Impairment charges 5,374us-gaap_GoodwillImpairmentLoss 0us-gaap_GoodwillImpairmentLoss 5,374us-gaap_GoodwillImpairmentLoss 0us-gaap_GoodwillImpairmentLoss
Restatement, investigations and remediation 0us-gaap_ProfessionalFees 593us-gaap_ProfessionalFees 0us-gaap_ProfessionalFees 3,261us-gaap_ProfessionalFees
TOTAL EXPENSES 389,283us-gaap_CostsAndExpenses 431,206us-gaap_CostsAndExpenses 779,671us-gaap_CostsAndExpenses 864,059us-gaap_CostsAndExpenses
OPERATING INCOME (LOSS) (4,094)us-gaap_OperatingIncomeLoss 4,874us-gaap_OperatingIncomeLoss (11,416)us-gaap_OperatingIncomeLoss (6,351)us-gaap_OperatingIncomeLoss
OTHER INCOME (EXPENSE), NET:        
Interest income (expense), net (730)us-gaap_InterestIncomeExpenseNet (802)us-gaap_InterestIncomeExpenseNet (1,364)us-gaap_InterestIncomeExpenseNet (1,662)us-gaap_InterestIncomeExpenseNet
Foreign exchange gain (loss), net (1,600)us-gaap_ForeignCurrencyTransactionGainLossBeforeTax (630)us-gaap_ForeignCurrencyTransactionGainLossBeforeTax (1,163)us-gaap_ForeignCurrencyTransactionGainLossBeforeTax (242)us-gaap_ForeignCurrencyTransactionGainLossBeforeTax
Other income (expense), net 43us-gaap_OtherNonoperatingIncomeExpense 216us-gaap_OtherNonoperatingIncomeExpense 141us-gaap_OtherNonoperatingIncomeExpense 278us-gaap_OtherNonoperatingIncomeExpense
TOTAL OTHER INCOME (EXPENSE), NET (2,287)us-gaap_NonoperatingIncomeExpense (1,216)us-gaap_NonoperatingIncomeExpense (2,386)us-gaap_NonoperatingIncomeExpense (1,626)us-gaap_NonoperatingIncomeExpense
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES (6,381)us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments 3,658us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments (13,802)us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments (7,977)us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
Income tax provision 532us-gaap_IncomeTaxExpenseBenefit 2,277us-gaap_IncomeTaxExpenseBenefit 1,911us-gaap_IncomeTaxExpenseBenefit 3,324us-gaap_IncomeTaxExpenseBenefit
INCOME (LOSS) FROM CONTINUING OPERATIONS (6,913)us-gaap_IncomeLossFromContinuingOperations 1,381us-gaap_IncomeLossFromContinuingOperations (15,713)us-gaap_IncomeLossFromContinuingOperations (11,301)us-gaap_IncomeLossFromContinuingOperations
DISCONTINUED OPERATIONS        
Loss from discontinued operations net of income taxes (including loss on disposal of $1.2 million in 2015) 0us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity (4,876)us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity (4,519)us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity (9,268)us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
NET LOSS $ (6,913)us-gaap_NetIncomeLoss $ (3,495)us-gaap_NetIncomeLoss $ (20,232)us-gaap_NetIncomeLoss $ (20,569)us-gaap_NetIncomeLoss
Basic:        
Loss from continuing operations (usd per share) $ (0.33)us-gaap_IncomeLossFromContinuingOperationsPerBasicShare $ 0.07us-gaap_IncomeLossFromContinuingOperationsPerBasicShare $ (0.75)us-gaap_IncomeLossFromContinuingOperationsPerBasicShare $ (0.54)us-gaap_IncomeLossFromContinuingOperationsPerBasicShare
Loss from discontinued operations (usd per share) $ 0.00us-gaap_DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerBasicShare $ (0.23)us-gaap_DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerBasicShare $ (0.22)us-gaap_DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerBasicShare $ (0.45)us-gaap_DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerBasicShare
Net loss (usd per share) $ (0.33)us-gaap_EarningsPerShareBasic $ (0.16)us-gaap_EarningsPerShareBasic $ (0.97)us-gaap_EarningsPerShareBasic $ (0.99)us-gaap_EarningsPerShareBasic
Weighted average number of shares - basic (shares) 20,793us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 20,861us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 20,861us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 20,855us-gaap_WeightedAverageNumberOfSharesOutstandingBasic
Diluted:        
Loss from continuing operations (usd per share) $ (0.33)us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare $ 0.07us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare $ (0.75)us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare $ (0.54)us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare
Loss from discontinued operations (usd per share) $ 0.00us-gaap_DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerDilutedShare $ (0.23)us-gaap_DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerDilutedShare $ (0.22)us-gaap_DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerDilutedShare $ (0.45)us-gaap_DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerDilutedShare
Net loss (usd per share) $ (0.33)us-gaap_EarningsPerShareDiluted $ (0.16)us-gaap_EarningsPerShareDiluted $ (0.97)us-gaap_EarningsPerShareDiluted $ (0.99)us-gaap_EarningsPerShareDiluted
Weighted average number of shares - diluted (shares) 20,793us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 21,084us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 20,861us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 20,855us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding