XML 32 R21.htm IDEA: XBRL DOCUMENT v3.23.1
Reportable Segments
6 Months Ended
Apr. 02, 2023
Segment Reporting [Abstract]  
Reportable Segments Reportable Segments
We manage our operations under two reportable segments. Our GSG reportable segment primarily includes activities with U.S. government clients (federal, state and local) and all activities with development agencies worldwide. Our CIG reportable segment primarily includes activities with U.S. commercial clients and international clients other than development agencies.

GSG provides high-end consulting and engineering services primarily to U.S. government clients (federal, state and local) and development agencies worldwide. GSG supports U.S. government civilian and defense agencies with services in water, environment, sustainable infrastructure, information technology and disaster management. GSG also provides engineering design services for U.S. based federal and municipal clients, especially in water infrastructure, flood protection and solid waste. GSG also leads our support for development agencies worldwide, especially in the United States, United Kingdom and Australia.

CIG primarily provides high-end consulting and engineering services to U.S. commercial clients, and international clients inclusive of the commercial and government sectors. CIG supports commercial clients across the Fortune 500, renewable energy, industrial, high performance buildings and aerospace markets. CIG also provides sustainable infrastructure and related environmental, engineering and project management services to commercial and local government clients across Canada, in Asia Pacific (primarily Australia and New Zealand), the United Kingdom, as well as Brazil and Chile.
Management evaluates the performance of these reportable segments based upon their respective segment operating income before the effect of amortization expense related to acquisitions, and other unallocated corporate expenses. We account for inter-segment revenues and transfers as if they were to third parties; that is, by applying a negotiated fee onto the costs of the services performed. All significant intercompany balances and transactions are eliminated in consolidation. In the second quarter and first half of fiscal 2023, our Corporate segment operating losses included $19.9 million and $23.7 million of acquisition and integration expenses, respectively, as described in Note 4, “Acquisitions”.

The following tables summarize financial information regarding our reportable segments (in thousands):

 Three Months EndedSix Months Ended
 April 2,
2023
April 3,
2022
April 2,
2023
April 3,
2022
 
Revenue    
GSG$563,254 $448,956 $1,034,322 $905,054 
CIG610,358 416,945 1,049,914 833,231 
Elimination of inter-segment revenue(15,386)(13,157)(31,245)(27,030)
Total revenue$1,158,226 $852,744 $2,052,991 $1,711,255 
Income from operations    
GSG$52,210 $50,344 $112,557 $101,524 
CIG52,518 40,485 102,626 85,792 
Corporate (1)
(43,717)(16,309)(62,122)(25,576)
Total income from operations$61,011 $74,520 $153,061 $161,740 
(1)     Includes amortization of intangibles, other costs and other income not allocable to our reportable segments.

Balance at
 April 2,
2023
October 2,
2022
 
Total Assets  
GSG$619,189 $558,764 
CIG1,015,879 688,640 
Corporate (1)
2,349,968 1,375,372 
Total assets$3,985,036 $2,622,776 
(1)    Corporate assets consist of intercompany eliminations and assets not allocated to our reportable segments including goodwill, intangible assets, deferred income taxes and certain other assets.