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Segment Disclosures (Tables)
3 Months Ended
Mar. 31, 2018
Segment Reporting [Abstract]  
Summary of Segment Information

Segment information for the three months ended March 31, 2018 and 2017 was as follows (in thousands):

 

 

 

Three Months Ended March 31, 2018

 

 

 

Financial

Services

 

 

Benefits and Insurance Services

 

 

National

Practices

 

 

Corporate

and

Other

 

 

Total

 

Revenue

 

$

180,603

 

 

$

77,330

 

 

$

8,157

 

 

$

 

 

$

266,090

 

Operating expenses

 

 

133,033

 

 

 

61,133

 

 

 

7,275

 

 

 

3,309

 

 

 

204,750

 

Gross margin

 

 

47,570

 

 

 

16,197

 

 

 

882

 

 

 

(3,309

)

 

 

61,340

 

Corporate general & admin

 

 

 

 

 

 

 

 

 

 

 

10,028

 

 

 

10,028

 

Operating income (loss)

 

 

47,570

 

 

 

16,197

 

 

 

882

 

 

 

(13,337

)

 

 

51,312

 

Other income (expense):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest expense

 

 

 

 

 

(75

)

 

 

 

 

 

(1,705

)

 

 

(1,780

)

Gain on sale of operations, net

 

 

 

 

 

663

 

 

 

 

 

 

 

 

 

663

 

Other income (expense), net

 

 

265

 

 

 

193

 

 

 

 

 

 

(1,687

)

 

 

(1,229

)

Total other income (expense)

 

 

265

 

 

 

781

 

 

 

 

 

 

(3,392

)

 

 

(2,346

)

Income (loss) from continuing operations before

   income tax expense

 

$

47,835

 

 

$

16,978

 

 

$

882

 

 

$

(16,729

)

 

$

48,966

 

 

 

 

Three Months Ended March 31, 2017

 

 

 

Financial

Services

 

 

Benefits and Insurance Services

 

 

National

Practices

 

 

Corporate

and

Other

 

 

Total

 

Revenue

 

$

158,633

 

 

$

75,164

 

 

$

7,662

 

 

$

 

 

$

241,459

 

Operating expenses

 

 

119,389

 

 

 

60,142

 

 

 

7,007

 

 

 

6,228

 

 

 

192,766

 

Gross margin

 

 

39,244

 

 

 

15,022

 

 

 

655

 

 

 

(6,228

)

 

 

48,693

 

Corporate general & admin

 

 

 

 

 

 

 

 

 

 

 

8,768

 

 

 

8,768

 

Operating income (loss)

 

 

39,244

 

 

 

15,022

 

 

 

655

 

 

 

(14,996

)

 

 

39,925

 

Other income (expense):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest expense

 

 

 

 

 

(11

)

 

 

 

 

 

(1,506

)

 

 

(1,517

)

Gain on sale of operations, net

 

 

 

 

 

 

 

 

 

 

 

22

 

 

 

22

 

Other income, net

 

 

15

 

 

 

96

 

 

 

 

 

 

2,626

 

 

 

2,737

 

Total other income

 

 

15

 

 

 

85

 

 

 

 

 

 

1,142

 

 

 

1,242

 

Income (loss) from continuing operations before

   income tax expense

 

$

39,259

 

 

$

15,107

 

 

$

655

 

 

$

(13,854

)

 

$

41,167