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SEGMENT INFORMATION
12 Months Ended
Dec. 31, 2012
Segment Reporting [Abstract]  
Segment Information
SEGMENT INFORMATION
The Company has three reportable segments: Tech & Clearance, Finance, and Energy. The Tech & Clearance reportable segment includes the Dice.com, ClearanceJobs.com and Slashdot Media services (since the date of acquisition). The Finance reportable segment includes the eFinancialCareers service worldwide, including both the operating segments of North America and International. The Energy reportable segment includes the Rigzone service. Management has organized its reportable segments based upon the industry verticals served. Each of the reportable segments generates revenue from sales of recruitment packages and related services. The Company has other services and activities that individually are not more than 10% of consolidated revenues, net income or total assets. These include Health Callings, Targeted Job Fairs and WorkDigital (since the date of acquisition) and are reported in the “Other” category. The Company’s foreign operations are comprised of a portion of the eFinancialCareers and Rigzone services, which operate in Europe, the financial centers of Gulf Region of the Middle East and Asia Pacific.
The following table shows the segment information for the years ended December 31, 2012, 2011, and 2010 (in thousands):
 
 
 
 
 
2012
 
2011
 
2010
By Segment:
 
 
 
 
 
Revenues:
 
 
 
 
 
Tech & Clearance
$
133,375

 
$
115,011

 
$
88,206

Finance
38,373

 
44,970

 
33,730

Energy
19,144

 
15,622

 
4,440

Other
4,471

 
3,527

 
2,621

Total revenues
$
195,363

 
$
179,130

 
$
128,997

 
 
 
 
 
 
Depreciation:
 
 
 
 
 
Tech & Clearance
$
4,695

 
$
3,894

 
$
3,519

Finance
607

 
529

 
449

       Energy
92

 
98

 
48

Other
263

 
218

 
106

Total depreciation
$
5,657

 
$
4,739

 
$
4,122

 
 
 
 
 
 
Amortization:
 
 
 
 
 
Tech & Clearance
$
636

 
$

 
$
3,240

Finance
387

 
811

 
2,963

       Energy
5,201

 
8,472

 
3,904

Other
430

 
779

 
1,324

Total amortization
$
6,654

 
$
10,062

 
$
11,431

 
 
 
 
 
 

 
 
 
 
 
2012
 
2011
 
2010
 
 
 
 
 
 
Operating income (loss):
 
 
 
 
 
Tech & Clearance
$
51,170

 
$
44,982

 
$
27,686

Finance
10,391

 
17,893

 
9,351

       Energy
1,743

 
(5,123
)
 
(3,111
)
Other
(4,408
)
 
(2,805
)
 
(1,768
)
Operating income
58,896

 
54,947

 
32,158

Interest expense
(1,314
)
 
(1,446
)
 
(3,376
)
Deferred financing cost write-off
(765
)
 

 
(1,388
)
Interest income
83

 
112

 
112

Gain from interest rate hedges

 

 
216

Other income
(62
)
 
(124
)
 
(4
)
Income before income taxes
$
56,838

 
$
53,489

 
$
27,718

 
 
 
 
 
 
Capital expenditures:
 
 
 
 
 
Tech & Clearance
$
4,684

 
$
7,028

 
$
2,992

Finance
1,038

 
513

 
557

Energy
34

 
118

 
132

       Other
593

 
272

 
332

Total capital expenditures
$
6,349

 
$
7,931

 
$
4,013

 
 
 
 
 
 
By Geography:
 
 
 
 
 
Revenues:
 
 
 
 
 
U.S.
$
155,834

 
$
136,738

 
$
98,959

Non- U.S.
39,529

 
42,392

 
30,038

Total revenues
$
195,363

 
$
179,130

 
$
128,997

 
December 31,
2012
 
December 31,
2011
 
December 31,
2010
Total assets:
 
 
 
 
 
Tech & Clearance
$
183,896

 
$
160,903

 
$
157,386

Finance
92,513

 
104,490

 
92,956

Energy
53,203

 
56,346

 
63,349

Other
24,618

 
4,639

 
5,031

Total assets
$
354,230

 
$
326,378

 
$
318,722

The following table shows the carrying amount of goodwill by reportable segment as of December 31, 2012 and 2011 and the changes in goodwill for the years ended (in thousands):
 
 
Tech & Clearance
 
Finance
 
Energy
 
Other
 
Total
 
 
 
 
 
 
 
 
 
 
Goodwill
$
84,778

 
$
70,287

 
$
35,104

 
$
3,311

 
$
193,480

Accumulated impairment losses

 
(7,213
)
 

 

 
(7,213
)
Accumulated foreign currency translation adjustments

 
(9,902
)
 

 

 
(9,902
)
Goodwill at December 31, 2011
$
84,778

 
$
53,172

 
$
35,104

 
$
3,311

 
$
176,365

Goodwill acquired during the year
6,221

 
75

 

 
17,916

 
24,212

Foreign currency translation adjustment
(8
)
 
2,068

 

 
307

 
2,367

Goodwill at December 31, 2012
$
90,991

 
$
55,315

 
$
35,104

 
$
21,534

 
$
202,944

 
 
 
 
 
 
 
 
 
 
Balance at December 31, 2012
 
 
 
 
 
 
 
 
 
Goodwill
$
90,999

 
$
70,362

 
$
35,104

 
$
21,227

 
$
217,692

Accumulated impairment losses

 
(7,213
)
 

 

 
(7,213
)
Accumulated foreign currency translation adjustments
(8
)
 
(7,834
)
 

 
307

 
(7,535
)
 
$
90,991

 
$
55,315

 
$
35,104

 
$
21,534

 
$
202,944