Segment Reporting (Notes)

6 Months Ended

Jun. 30, 2023

Segment Reporting [Abstract]

Segment Reporting Disclosure

ASGN provides information technology ("IT") services and professional solutions, including technology and creative digital marketing, across the commercial and government sectors. ASGN operates through two segments, Commercial and Federal Government. The Commercial Segment, which is the largest segment, provides consulting, creative digital marketing and permanent placement services primarily to large enterprises and Fortune 1000 companies. The Federal Government Segment provides mission-critical solutions to the Department of Defense, the intelligence community and federal civilian agencies. Virtually all of the Company's revenues are generated in the United States.

Management evaluates the performance of each segment primarily based on revenues, gross profit and operating income derived directly from internal financial reporting of the segments used for corporate management purposes, which is presented below by segment (in millions):

	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2023		2022		2023		2022
Commercial
Revenues	$	811.3	$	850.6	$	1,643.4	$	1,683.5
Gross profit	260.9		281.7		523.3		554.3
Operating income	91.7		106.0		175.6		211.0
Depreciation	4.9		3.5		9.5		7.1
Amortization	8.7		5.6		17.5		11.3
Federal Government
Revenues	$	319.6	$	291.2	$	616.3	$	549.3
Gross profit	65.4		62.3		129.4		116.3
Operating income	25.1		25.7		47.7		42.7
Depreciation	1.5		1.4		2.9		2.9
Amortization	9.2		7.9		18.5		16.2
Consolidated
Revenues	$	1,130.9	$	1,141.8	$	2,259.7	$	2,232.8
Gross profit	326.3		344.0		652.7		670.6
Operating income	97.9		110.1		182.1		210.7
Depreciation	7.0		6.1		13.8		12.3
Amortization	17.9		13.5		36.0		27.4
_______
Consolidated operating income includes corporate operating expenses, which are not allocated to the segments. These include stock-based compensation expense, depreciation expense, compensation for corporate employees, acquisition, integration and strategic planning expenses and public company expenses.

    

The majority of the revenues from the Commercial Segment are generated from time-and-materials ("T&M") contracts where payments are based on fixed hourly rates for each direct labor hour expended and reimbursements for allowable material costs and out-of-pocket expenses. Revenues from the Federal Government Segment are generated from: (i) firm-fixed-price, (ii) T&M and (iii) cost reimbursable contracts. Revenues by segment and by type are as follows (in millions):

	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2023		2022		2023		2022
Commercial
Assignment	$	530.2	$	628.4	$	1,090.6	$	1,256.6
Consulting	281.1		222.2		552.8		426.9
	811.3		850.6		1,643.4		1,683.5
Federal Government
Firm-fixed-price	97.8		74.3		190.6		151.2
Time and materials	129.2		117.8		251.1		224.8
Cost reimbursable	92.6		99.1		174.6		173.3
	319.6		291.2		616.3		549.3
Consolidated	$	1,130.9	$	1,141.8	$	2,259.7	$	2,232.8

Federal Government Segment revenues by customer type are as follows (in millions):

	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2023		2022		2023		2022
Department of Defense and Intelligence Agencies	$	155.0	$	159.3	$	287.9	$	292.9
Federal Civilian	155.7		120.7		308.8		237.1
Other	8.9		11.2		19.6		19.3
	$	319.6	$	291.2	$	616.3	$	549.3