SEGMENT AND GEOGRAPHIC DATA (Tables)

6 Months Ended

Jun. 30, 2012

Schedule of segment reporting information

For the three and six months ended June 30, 2012 and 2011, the amounts and percentage of total of the Company’s gross margins from the three reportable segments were as follows:



	For The Three Months Ended				For The Three Months Ended
	June 30, 2012				June 30, 2011
	Gross Margin ($)		%		Gross Margin ($)		%
Hudson Americas	$	12,359	16	%	$	13,021	14	%
Hudson Asia Pacific	31,901		41	%	40,218		42	%
Hudson Europe	32,808		43	%	42,228		44	%
Total	$	77,068	100	%	$	95,467	100	%



	For The Six Months Ended				For The Six Months Ended
	June 30, 2012				June 30, 2011
	Gross Margin ($)		%		Gross Margin ($)		%
Hudson Americas	$	24,189	16	%	$	23,379	13	%
Hudson Asia Pacific	61,214		41	%	72,122		41	%
Hudson Europe	64,873		43	%	81,164		46	%
Total	$	150,276	100	%	$	176,665	100	%

Accounts receivable, net and long-lived assets are the only significant assets separated by segment for internal reporting purposes.



	Hudson Americas			Hudson Asia Pacific			Hudson Europe			Corporate			Inter- segment elimination			Total
For The Three Months Ended June 30, 2012
Revenue, from external customers	$	45,487		$	76,926		$	82,425		$	—		$	—		$	204,838
Inter-segment revenue	—			21			19			—			(40		)	—
Total revenue	$	45,487		$	76,947		$	82,444		$	—		$	(40	)	$	204,838
Gross margin, from external customers	$	12,359		$	31,901		$	32,808		$	—		$	—		$	77,068
Inter-segment gross margin	(5		)	(7		)	14			—			(2		)	—
Total gross margin	$	12,354		$	31,894		$	32,822		$	—		$	(2	)	$	77,068
Business reorganization expenses (recovery)	$	749		$	1,007		$	3,149		$	185		$	—		$	5,090
EBITDA (loss) (a)	$	758		$	622		$	(2,305	)	$	(1,001	)	$	—		$	(1,926	)
Depreciation and amortization	276			794			353			187			—			1,610
Intercompany interest income (expense), net	—			(771		)	(108		)	879			—			—
Interest income (expense), net	(14		)	(77		)	3			(101		)	—			(189		)
Income (loss) from continuing operations before income taxes	$	468		$	(1,020	)	$	(2,763	)	$	(410	)	$	—		$	(3,725	)
As of June 30, 2012
Accounts receivable, net	$	27,639		$	42,750		$	55,637		$	—		$	—		$	126,026
Long-lived assets, net of accumulated depreciation and amortization	$	2,358		$	13,917		$	4,766		$	2,268		$	—		$	23,309
Total assets	$	32,942		$	80,676		$	77,418		$	15,615		$	—		$	206,651



	Hudson Americas			Hudson Asia Pacific			Hudson Europe			Corporate			Inter- segment elimination			Total
For The Three Months Ended June 30, 2011
Revenue, from external customers	$	50,912		$	96,275		$	100,191		$	—		$	—		$	247,378
Inter-segment revenue	—			1			70			—			(71		)	—
Total revenue	$	50,912		$	96,276		$	100,261		$	—		$	(71	)	$	247,378
Gross margin, from external customers	$	13,021		$	40,218		$	42,228		$	—		$	—		$	95,467
Inter-segment gross margin	(5		)	(53		)	53			—			5			—
Total gross margin	$	13,016		$	40,165		$	42,281		$	—		$	5		$	95,467
Business reorganization expenses (recovery)	$	—		$	—		$	396		$	—		$	—		$	396
EBITDA (loss) (a)	$	1,160		$	3,810		$	2,735		$	(44	)	$	—		$	7,661
Depreciation and amortization	180			793			421			242			—			1,636
Intercompany interest income (expense), net	—			(1,898		)	(130		)	2,028			—			—
Interest income (expense), net	(1		)	(208		)	(6		)	(160		)	—			(375		)
Income (loss) from continuing operations before income taxes	$	979		$	911		$	2,178		$	1,582		$	—		$	5,650
As of June 30, 2011
Accounts receivable, net	$	31,947		$	59,941		$	67,495		$	—		$	—		$	159,383
Long-lived assets, net of accumulated depreciation and amortization	$	2,040		$	10,010		$	4,644		$	2,637		$	—		$	19,331
Total assets	$	36,641		$	89,845		$	107,402		$	10,627		$	—		$	244,515



	Hudson Americas			Hudson Asia Pacific			Hudson Europe			Corporate			Inter- segment elimination			Total
For the Six Months Ended June 30, 2012
Revenue, from external customers	$	90,656		$	151,189		$	163,583		$	—		$	—		$	405,428
Inter-segment revenue	—			31			36			—			(67		)	—
Total revenue	$	90,656		$	151,220		$	163,619		$	—		$	(67	)	$	405,428
Gross margin, from external customers	$	24,189		$	61,214		$	64,873		$	—		$	—		$	150,276
Inter-segment gross margin	(8		)	(12		)	20			—			—			—
Total gross margin	$	24,181		$	61,202		$	64,893		$	—		$	—		$	150,276
Business reorganization expenses (recovery)	$	769		$	1,074		$	3,869		$	318		$	—		$	6,030
EBITDA (loss) (a)	$	267		$	630		$	(3,391	)	$	(1,633	)	$	—		$	(4,127	)
Depreciation and amortization	595			1,488			716			316			—			3,115
Intercompany interest income (expense), net	—			(2,516		)	(216		)	2,732			—			—
Interest income (expense), net	(33		)	(143		)	21			(194		)	—			(349		)
Income (loss) from continuing operations before income taxes	$	(361	)	$	(3,517	)	$	(4,302	)	$	589		$	—		$	(7,591	)



	Hudson Americas			Hudson Asia Pacific			Hudson Europe			Corporate			Inter- segment elimination			Total
For the Six Months Ended June 30, 2011
Revenue, from external customers	$	96,725		$	175,291		$	193,901		$	—		$	—		$	465,917
Inter-segment revenue	(2		)	7			79			—			(84		)	—
Total revenue	$	96,723		$	175,298		$	193,980		$	—		$	(84	)	$	465,917
Gross margin, from external customers	$	23,379		$	72,122		$	81,164		$	—		$	—		$	176,665
Inter-segment gross margin	(19		)	(55		)	69			—			5			—
Total gross margin	$	23,360		$	72,067		$	81,233		$	—		$	5		$	176,665
Business reorganization expenses (recovery)	$	—		$	—		$	747		$	—		$	—		$	747
EBITDA (loss) (a)	$	781		$	5,822		$	4,910		$	(1,326	)	$	—		$	10,187
Depreciation and amortization	502			1,512			888			311			—			3,213
Intercompany interest income (expense), net	—			(3,691		)	(240		)	3,929			2			—
Interest income (expense), net	(2		)	(311		)	1			(269		)	—			(581		)
Income (loss) from continuing operations before income taxes	$	277		$	308		$	3,783		$	2,023		$	2		$	6,393

(a)

SEC Regulation S-K 229.10(e)1(ii)(A) defines EBITDA as earnings before interest, taxes, depreciation and amortization. EBITDA is presented to provide additional information to investors about the Company's operations on a basis consistent with the measures that the Company uses to manage its operations and evaluate its performance. Management also uses this measurement to evaluate working capital requirements. EBITDA should not be considered in isolation or as a substitute for operating income and net income prepared in accordance with U.S. GAAP or as a measure of the Company's profitability.

Revenue by geographic area

A summary of revenues for the three and six months ended June 30, 2012 and 2011 and long-lived assets and net assets by geographic area as of June 30, 2012 and 2011 were as follows:



Information by geographic region	United Kingdom		Australia		United States		Continental Europe		Other Asia Pacific		Other Americas		Total
For The Three Months Ended June 30, 2012
Revenue (b)	$	53,644	$	59,003	$	44,936	$	28,685	$	18,019	$	551	$	204,838
For The Three Months Ended June 30, 2011
Revenue (b)	$	67,683	$	74,523	$	50,444	$	32,087	$	22,173	$	468	$	247,378
For the Six Months Ended June 30, 2012
Revenue (b)	105,652		116,646		89,572		57,726		34,748		1,084		405,428
For the Six Months Ended June 30, 2011
Revenue (b)	131,483		136,248		95,807		61,612		39,849		918		465,917
As of June 30, 2012
Long-lived assets, net of accumulated depreciation and amortization (c)	$	3,190	$	9,747	$	4,571	$	1,567	$	4,171	$	63	$	23,309
Net assets	$	24,826	$	29,463	$	29,102	$	7,888	$	15,156	$	554	$	106,989
As of June 30, 2011
Long-lived assets, net of accumulated depreciation and amortization (c)	$	2,817	$	6,142	$	4,685	$	1,808	$	3,879	$	—	$	19,331
Net assets	$	29,942	$	27,121	$	18,220	$	14,360	$	12,908	$	357	$	102,908


(b)	Revenue by geographic region disclosed above is net of any inter-segment revenue and, therefore, represents only revenue from external customers according to the location of the operating subsidiary.


(c)	Comprised of property and equipment and intangibles. Corporate assets are included in the United States.

- Definition

Tabular disclosure of information concerning material long-lived assets (excluding financial instruments, customer relationships with financial institutions, mortgage and other servicing rights, deferred policy acquisition costs, and deferred taxes assets) located in identified geographic areas and/or the amount of revenue from external customers attributed to that country from which revenue is material. An entity may also provide subtotals of geographic information about groups of countries.

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- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

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