DISCONTINUED OPERATIONS (Tables)

6 Months Ended

Jun. 30, 2018

Discontinued Operations and Disposal Groups [Abstract]

Reconciliation Of The Gross Proceeds To The Net Proceeds

The following is a reconciliation of the gross proceeds to the net proceeds as presented in the statement of cash flows for the six months ended June 30, 2018.

Gross proceeds	$	38,960
Add: purchase price adjustments	149
Less: cash and restricted cash sold	(9,547		)
Less: transaction costs	(1,595		)
Net cash proceeds as presented in the statement of cash flows	$	27,967

Disposal Groups, Including Discontinued Operations

The carrying amounts of the classes of assets and liabilities from the RTM businesses included in discontinued operations were as follows:

	June 30, 2018		December 31, 2017
Cash	$	—	$	15,460
Accounts receivable	—		60,333
Prepaid and other current assets	—		3,737
Total current assets	—		79,530
Property and equipment, net	—		6,251
Deferred tax assets, non-current	—		6,080
Other assets, non-current	—		1,570
Total non-current assets	—		13,901
Total assets	$	—	$	93,431
Accounts payable	$	42	$	5,764
Accrued expenses and other current liabilities	324		39,108
Short-term borrowings	—		7,080
Total current liabilities	366		51,952
Total non-current liabilities	—		6,210
Total liabilities	$	366	$	58,162

Reported results for the discontinued operations by period were as follows:

	Three Months Ended June 30,						Six Months Ended June 30,
	2018			2017			2018			2017
Revenue	$	—		$	99,074		$	108,463		$	188,524
Gross margin	—			37,621			38,663			70,051
Operating expenses:
Salaries and related	—			26,963			29,032			51,952
Other selling, general and administrative	—			7,368			8,355			14,318
Depreciation and amortization	—			608			680			1,193
Business reorganization	—			(2		)	50			290
Operating income (loss)	—			2,684			546			2,298
Non-operating income (expense):
Interest income (expense), net	—			(115		)	(88		)	(203		)
Other non-operating income (loss)	—			7			216			(337		)
Income (Loss) from discontinued operations before taxes and gain (loss) on sale	—			2,576			674			1,758
Gain (loss) from sale of discontinued operations	(11		)	—			14,032			—
Income (loss) from discontinued operations before income taxes	(11		)	2,576			14,706			1,758
Provision (benefit) for income taxes	—			616			1,099			633
Income (loss) from discontinued operations	$	(11	)	$	1,960		$	13,607		$	1,125

Depreciation, capital expenditures, and significant operating and investment non cash items of the discontinued operations by period were as follows:

	Six Months Ended June 30,
	2018		2017
Depreciation and amortization	$	680	$	1,193
Stock-based compensation expense	$	233	$	114
Capital expenditures	$	284	$	425

Disaggregation of Revenue From Discontinued Operations

The following table presents our disaggregated revenues from discontinued operations by revenue source.

	Three Months Ended June 30, 2018
	Permanent Recruitment		Contracting		Talent Management		Other		Total
Revenue	$	—	$	—	$	—	$	—	$	—
Direct costs (1)	—		—		—		—		—
Gross margin	$	—	$	—	$	—	$	—	$	—
	Three Months Ended June 30, 2017
	Permanent Recruitment		Contracting		Talent Management		Other		Total
Revenue	$	21,255	$	66,695	$	10,559	$	565	$	99,074
Direct costs (1)	120		58,886		1,915		532		61,453
Gross margin	$	21,135	$	7,809	$	8,644	$	33	$	37,621

	Six Months Ended June 30, 2018
	Permanent Recruitment		Contracting		Talent Management		Other		Total
Revenue	$	20,700	$	76,615	$	10,694	$	454	$	108,463
Direct costs (1)	190		67,980		1,225		405		69,800
Gross margin	$	20,510	$	8,635	$	9,469	$	49	$	38,663
	Six Months Ended June 30, 2017
	Permanent Recruitment		Contracting		Talent Management		Other		Total
Revenue	$	39,253	$	129,229	$	18,974	$	1,068	$	188,524
Direct costs (1)	249		113,773		3,413		1,038		118,473
Gross margin	$	39,004	$	15,456	$	15,561	$	30	$	70,051

(1) Direct costs include the direct staffing costs of salaries, payroll taxes, employee benefits, travel expenses, and insurance costs for the Company’s contractors and reimbursed out-of-pocket expenses and other direct costs. Other than reimbursed out-of-pocket expenses, there are no other direct costs associated with the Permanent Recruitment and Other categories. Gross margin represents revenue less direct costs. The region where services are provided, the mix of contracting, and permanent recruitment, and the functional nature of the staffing services provided can affect gross margin.