XML 58 R45.htm IDEA: XBRL DOCUMENT v3.3.1.900
Quarterly Financial Information (unaudited) (Tables)
12 Months Ended
Nov. 01, 2015
Quarterly Financial Information Disclosure [Abstract]  
Selected Consolidated Statements of Operations Data
The following table presents selected Consolidated Statements of Operations data for each quarter for the fiscal year ended November 1, 2015 (in thousands, except per share amounts):
 
Three Months Ended
 
Year Ended
 
February 1,
2015
 
May 3,
2015
 
August 2,
2015
 
November 1,
2015
 
November 1,
2015
 
(unaudited)
 
(unaudited)
 
(unaudited)
 
(unaudited)
 
 
REVENUE
 
 
 
 
 
 
 
 
 
Staffing services
$
360,821

 
$
362,277

 
$
341,383

 
$
342,328

 
$
1,406,809

Other revenue
22,245

 
22,912

 
23,285

 
21,646

 
90,088

NET REVENUE
383,066

 
385,189

 
364,668

 
363,974

 
1,496,897

EXPENSES
 
 
 
 
 
 
 
 
 
   Direct cost of staffing services revenue
310,819

 
305,116

 
288,689

 
288,368

 
1,192,992

   Cost of other revenue
19,605

 
19,909

 
19,696

 
18,021

 
77,231

   Selling, administrative and other operating costs
58,989

 
58,633

 
56,890

 
54,661

 
229,173

   Restructuring costs
975

 
251

 
1,867

 
542

 
3,635

   Impairment charges

 
5,374

 
580

 
672

 
6,626

TOTAL EXPENSES
390,388

 
389,283

 
367,722

 
362,264

 
1,509,657

OPERATING INCOME (LOSS)
(7,322
)
 
(4,094
)
 
(3,054
)
 
1,710

 
(12,760
)
OTHER INCOME (EXPENSE)
 
 
 
 
 
 
 
 
 
Interest income
62

 
261

 
175

 
74

 
572

Interest expense
(696
)
 
(991
)
 
(746
)
 
(811
)
 
(3,244
)
Foreign exchange gain (loss), net
437

 
(1,600
)
 
1,010

 
(96
)
 
(249
)
Other income (expense), net
98

 
43

 
(178
)
 
578

 
541

INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES
(7,421
)
 
(6,381
)
 
(2,793
)
 
1,455

 
(15,140
)
Income tax provision
1,379

 
532

 
1,351

 
1,384

 
4,646

INCOME (LOSS) FROM CONTINUING OPERATIONS, NET OF INCOME TAXES
(8,800
)
 
(6,913
)
 
(4,144
)
 
71

 
(19,786
)
LOSS FROM DISCONTINUED OPERATIONS, NET OF INCOME TAXES
(4,519
)
 

 

 
(315
)
 
(4,834
)
NET LOSS
$
(13,319
)
 
$
(6,913
)
 
$
(4,144
)
 
$
(244
)
 
$
(24,620
)
PER SHARE DATA:
 
 

 
 
 
 
 
 
Basic:
 
 
 
 
 
 
 
 
 
Loss from continuing operations
$
(0.42
)
 
$
(0.33
)
 
$
(0.20
)
 
$

 
$
(0.95
)
Loss from discontinued operations
(0.22
)
 

 

 
(0.01
)
 
(0.23
)
Net loss
$
(0.64
)
 
$
(0.33
)
 
$
(0.20
)
 
$
(0.01
)
 
$
(1.18
)
Weighted average number of shares
20,930

 
20,793

 
20,741

 
20,799

 
20,816

Diluted:
 
 
 
 
 
 
 
 
 
Loss from continuing operations
$
(0.42
)
 
$
(0.33
)
 
$
(0.20
)
 
$

 
$
(0.95
)
Loss from discontinued operations
(0.22
)
 

 

 
(0.01
)
 
(0.23
)
Net loss
$
(0.64
)
 
$
(0.33
)
 
$
(0.20
)
 
$
(0.01
)
 
$
(1.18
)
Weighted average number of shares
20,930

 
20,793

 
20,741

 
20,930

 
20,816

 
The following table presents selected Consolidated Statements of Operations data for each quarter for the fiscal year ended November 2, 2014 (in thousands, except per share amounts):
 
Three Months Ended
 
Year Ended
 
February 2,
2014
 
May 4,
2014
 
August 3,
2014
 
November 2,
2014
 
November 2,
2014
 
(unaudited)
 
(unaudited)
 
(unaudited)
 
(unaudited)
 
 
REVENUE
 
 
 
 
 
 
 
 
 
Staffing services
$
392,269

 
$
406,733

 
$
396,979

 
$
403,065

 
$
1,599,046

Other revenue
29,359

 
29,347

 
25,670

 
26,606

 
110,982

NET REVENUE
421,628

 
436,080

 
422,649

 
429,671

 
1,710,028

EXPENSES
 
 
 
 
 
 
 
 
 
   Direct cost of staffing services revenue
339,796

 
344,922

 
337,285

 
337,045

 
1,359,048

   Cost of other revenue
24,133

 
24,066

 
22,319

 
21,922

 
92,440

   Selling, administrative and other operating costs
65,599

 
60,626

 
57,831

 
63,930

 
247,986

   Restructuring costs
657

 
999

 
141

 
710

 
2,507

   Restatement, investigations and remediation
2,668

 
593

 

 

 
3,261

TOTAL EXPENSES
432,853

 
431,206

 
417,576

 
423,607

 
1,705,242

OPERATING INCOME (LOSS)
(11,225
)
 
4,874

 
5,073

 
6,064

 
4,786

OTHER INCOME (EXPENSE)
 
 
 
 
 
 
 
 
 
Interest income
96

 
126

 
63

 
(18
)
 
267

Interest expense
(956
)
 
(928
)
 
(851
)
 
(795
)
 
(3,530
)
Foreign exchange gain (loss), net
388

 
(630
)
 
(134
)
 
494

 
118

Other income (expense), net
62

 
216

 
(8
)
 
(72
)
 
198

INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES
(11,635
)
 
3,658

 
4,143

 
5,673

 
1,839

Income tax provision
1,047

 
2,277

 
738

 
1,164

 
5,226

INCOME (LOSS) FROM CONTINUING OPERATIONS, NET OF INCOME TAXES
(12,682
)
 
1,381

 
3,405

 
4,509

 
(3,387
)
LOSS FROM DISCONTINUED OPERATIONS, NET OF INCOME TAXES
(4,392
)
 
(4,876
)
 
(3,885
)
 
(2,448
)
 
(15,601
)
NET INCOME (LOSS)
$
(17,074
)
 
$
(3,495
)
 
$
(480
)
 
$
2,061

 
$
(18,988
)
PER SHARE DATA:
 
 
 
 
 
 
 
 
 
Basic:
 
 
 
 
 
 
 
 
 
Income (loss) from continuing operations
$
(0.61
)
 
$
0.07

 
$
0.16

 
$
0.22

 
$
(0.16
)
Loss from discontinued operations
(0.21
)
 
(0.23
)
 
(0.19
)
 
(0.12
)
 
(0.75
)
Net income (loss)
$
(0.82
)
 
$
(0.16
)
 
$
(0.03
)
 
$
0.10

 
$
(0.91
)
Weighted average number of shares
20,849

 
20,861

 
20,866

 
20,874

 
20,863

Diluted:
 
 
 
 
 
 
 
 
 
Income (loss) from continuing operations
$
(0.61
)
 
$
0.07

 
$
0.16

 
$
0.21

 
$
(0.16
)
Loss from discontinued operations
(0.21
)
 
(0.23
)
 
(0.18
)
 
(0.11
)
 
(0.75
)
Net income (loss)
$
(0.82
)
 
$
(0.16
)
 
$
(0.02
)
 
$
0.10

 
$
(0.91
)
Weighted average number of shares
20,849

 
21,084

 
21,072

 
21,013

 
20,863