| Segment Reporting |
The Company evaluates the performance of the segments primarily based on their respective revenues, net revenues and income from operations. Accordingly, capital expenditures and total assets are not reported in segment results. In addition, the Company has disclosed a corporate segment, which is not an operating segment and includes the costs of the Company’s executives, board of directors, professional services such as legal and consulting, amortization of acquired intangible assets and certain other corporate costs associated with operating as a public company. Intercompany transactions have been eliminated in the consolidated balance sheets and statements of operations.
|
Year Ended June 30, 2017 (in thousands): |
|
United States |
|
|
Canada |
|
|
Corporate/
Eliminations |
|
|
Total |
|
|
Revenues |
|
$ |
685,173 |
|
|
$ |
96,751 |
|
|
$ |
(4,311 |
) |
|
$ |
777,613 |
|
|
Net revenues |
|
|
173,742 |
|
|
|
20,894 |
|
|
|
— |
|
|
|
194,636 |
|
|
Income (loss) from operations |
|
|
25,726 |
|
|
|
3,810 |
|
|
|
(19,048 |
) |
|
|
10,488 |
|
|
Other income (expense) |
|
|
561 |
|
|
|
40 |
|
|
|
(2,497 |
) |
|
|
(1,896 |
) |
|
Income (loss) before income tax expense |
|
|
26,287 |
|
|
|
3,850 |
|
|
|
(21,545 |
) |
|
|
8,592 |
|
|
Depreciation and amortization |
|
|
2,371 |
|
|
|
734 |
|
|
|
9,244 |
|
|
|
12,349 |
|
|
Technology and equipment, net |
|
|
13,147 |
|
|
|
1,350 |
|
|
|
730 |
|
|
|
15,227 |
|
|
Transition and lease termination costs |
|
|
1,582 |
|
|
|
541 |
|
|
|
137 |
|
|
|
2,260 |
|
|
Transition and lease termination liability |
|
|
400 |
|
|
|
1,614 |
|
|
|
— |
|
|
|
2,014 |
|
|
Goodwill |
|
|
45,381 |
|
|
|
21,398 |
|
|
|
— |
|
|
|
66,779 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Year Ended June 30, 2016 (in thousands): |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Revenues |
|
$ |
682,491 |
|
|
$ |
104,762 |
|
|
$ |
(4,674 |
) |
|
$ |
782,579 |
|
|
Net revenues |
|
|
167,602 |
|
|
|
19,059 |
|
|
|
— |
|
|
|
186,661 |
|
|
Income (loss) from operations |
|
|
22,109 |
|
|
|
96 |
|
|
|
(22,542 |
) |
|
|
(337 |
) |
|
Other income (expense) |
|
|
1,220 |
|
|
|
(170 |
) |
|
|
(6,052 |
) |
|
|
(5,002 |
) |
|
Income (loss) before income tax expense |
|
|
23,329 |
|
|
|
(74 |
) |
|
|
(28,594 |
) |
|
|
(5,339 |
) |
|
Depreciation and amortization |
|
|
1,890 |
|
|
|
671 |
|
|
|
9,472 |
|
|
|
12,033 |
|
|
Technology and equipment, net |
|
|
9,360 |
|
|
|
1,634 |
|
|
|
1,459 |
|
|
|
12,453 |
|
|
Transition and lease termination costs |
|
|
3,339 |
|
|
|
2,606 |
|
|
|
— |
|
|
|
5,945 |
|
|
Transition and lease termination liability |
|
|
714 |
|
|
|
1,782 |
|
|
|
— |
|
|
|
2,496 |
|
|
Goodwill |
|
|
42,984 |
|
|
|
19,904 |
|
|
|
— |
|
|
|
62,888 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Year ended June 30, 2015 (in thousands) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Revenues |
|
$ |
473,683 |
|
|
$ |
29,923 |
|
|
$ |
(941 |
) |
|
$ |
502,665 |
|
|
Net revenues |
|
|
118,174 |
|
|
|
5,549 |
|
|
|
— |
|
|
|
123,723 |
|
|
Income (loss) from operations |
|
|
21,869 |
|
|
|
587 |
|
|
|
(11,906 |
) |
|
|
10,550 |
|
|
Other expense |
|
|
(471 |
) |
|
|
(252 |
) |
|
|
(1,856 |
) |
|
|
(2,579 |
) |
|
Income (loss) before income tax expense |
|
|
21,398 |
|
|
|
335 |
|
|
|
(13,762 |
) |
|
|
7,971 |
|
|
Depreciation and amortization |
|
|
798 |
|
|
|
167 |
|
|
|
5,394 |
|
|
|
6,359 |
|
|
Technology and equipment, net |
|
|
9,016 |
|
|
|
1,972 |
|
|
|
2,188 |
|
|
|
13,176 |
|
|
Transition and lease termination costs |
|
|
678 |
|
|
|
92 |
|
|
|
— |
|
|
|
770 |
|
|
Transition and lease termination liability |
|
|
284 |
|
|
|
— |
|
|
|
— |
|
|
|
284 |
|
|
Goodwill |
|
|
43,185 |
|
|
|
19,904 |
|
|
|
— |
|
|
|
63,089 |
|
|