XML 48 R36.htm IDEA: XBRL DOCUMENT v3.10.0.1
Segment Disclosures (Tables)
9 Months Ended
Sep. 30, 2018
Segment Reporting [Abstract]  
Summary of Segment Information

Segment information for the three and nine months ended September 30, 2018 and 2017 is presented below. We do not manage our assets on a segment basis, therefore segment assets are not presented below.

 

 

 

Three Months Ended September 30, 2018

 

 

 

Financial

Services

 

 

Benefits and

Insurance

Services

 

 

National

Practices

 

 

Corporate

and

Other

 

 

Total

 

Revenue

 

$

146,145

 

 

$

70,069

 

 

$

8,035

 

 

$

 

 

$

224,249

 

Operating expenses

 

 

124,546

 

 

 

59,399

 

 

 

7,514

 

 

 

7,148

 

 

 

198,607

 

Gross margin

 

 

21,599

 

 

 

10,670

 

 

 

521

 

 

 

(7,148

)

 

 

25,642

 

Corporate general & admin

 

 

 

 

 

 

 

 

 

 

 

10,279

 

 

 

10,279

 

Operating income (loss)

 

 

21,599

 

 

 

10,670

 

 

 

521

 

 

 

(17,427

)

 

 

15,363

 

Other (expense) income:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest expense

 

 

 

 

 

(7

)

 

 

 

 

 

(1,607

)

 

 

(1,614

)

Other (expense) income, net

 

 

(142

)

 

 

129

 

 

 

 

 

 

3,156

 

 

 

3,143

 

Total other (expense) income

 

 

(142

)

 

 

122

 

 

 

 

 

 

1,549

 

 

 

1,529

 

Income (loss) from continuing operations before

   income tax expense

 

$

21,457

 

 

$

10,792

 

 

$

521

 

 

$

(15,878

)

 

$

16,892

 

 

 

 

 

Three Months Ended September 30, 2017

 

 

 

Financial

Services

 

 

Benefits and

Insurance

Services

 

 

National

Practices

 

 

Corporate

and

Other

 

 

Total

 

Revenue

 

$

130,305

 

 

$

69,663

 

 

$

7,755

 

 

$

 

 

$

207,723

 

Operating expenses

 

 

112,996

 

 

 

59,155

 

 

 

7,109

 

 

 

5,463

 

 

 

184,723

 

Gross margin

 

 

17,309

 

 

 

10,508

 

 

 

646

 

 

 

(5,463

)

 

 

23,000

 

Corporate general & admin

 

 

 

 

 

 

 

 

 

 

 

7,979

 

 

 

7,979

 

Operating income (loss)

 

 

17,309

 

 

 

10,508

 

 

 

646

 

 

 

(13,442

)

 

 

15,021

 

Other income (expense):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest expense

 

 

 

 

 

(10

)

 

 

 

 

 

(1,767

)

 

 

(1,777

)

Other income, net

 

 

79

 

 

 

82

 

 

 

 

 

 

2,631

 

 

 

2,792

 

Total other income

 

 

79

 

 

 

72

 

 

 

 

 

 

864

 

 

 

1,015

 

Income (loss) from continuing operations before

   income tax expense

 

$

17,388

 

 

$

10,580

 

 

$

646

 

 

$

(12,578

)

 

$

16,036

 

 

Segment information for the nine months ended September 30, 2018 and 2017 was as follows (in thousands):

 

 

 

Nine Months Ended September 30, 2018

 

 

 

Financial

Services

 

 

Benefits and

Insurance

Services

 

 

National

Practices

 

 

Corporate

and

Other

 

 

Total

 

Revenue

 

$

478,485

 

 

$

220,152

 

 

$

24,343

 

 

$

 

 

$

722,980

 

Operating expenses

 

 

386,649

 

 

 

181,697

 

 

 

22,356

 

 

 

17,757

 

 

 

608,459

 

Gross margin

 

 

91,836

 

 

 

38,455

 

 

 

1,987

 

 

 

(17,757

)

 

 

114,521

 

Corporate general & admin

 

 

 

 

 

 

 

 

 

 

 

30,300

 

 

 

30,300

 

Operating income (loss)

 

 

91,836

 

 

 

38,455

 

 

 

1,987

 

 

 

(48,057

)

 

 

84,221

 

Other income (expense):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest expense

 

 

 

 

 

(96

)

 

 

 

 

 

(5,115

)

 

 

(5,211

)

Gain on sale of operations, net

 

 

 

 

 

 

 

 

 

 

 

663

 

 

 

663

 

Other income, net

 

 

106

 

 

 

351

 

 

 

 

 

 

2,087

 

 

 

2,544

 

Total other income (expense)

 

 

106

 

 

 

255

 

 

 

 

 

 

(2,365

)

 

 

(2,004

)

Income (loss) from continuing operations before

   income tax expense

 

$

91,942

 

 

$

38,710

 

 

$

1,987

 

 

$

(50,422

)

 

$

82,217

 

 

 

 

Nine Months Ended September 30, 2017

 

 

 

Financial

Services

 

 

Benefits and

Insurance

Services

 

 

National

Practices

 

 

Corporate

and

Other

 

 

Total

 

Revenue

 

$

421,529

 

 

$

215,386

 

 

$

23,283

 

 

$

 

 

$

660,198

 

Operating expenses

 

 

348,236

 

 

 

179,174

 

 

 

21,351

 

 

 

16,848

 

 

 

565,609

 

Gross margin

 

 

73,293

 

 

 

36,212

 

 

 

1,932

 

 

 

(16,848

)

 

 

94,589

 

Corporate general & admin

 

 

 

 

 

 

 

 

 

 

 

25,979

 

 

 

25,979

 

Operating income (loss)

 

 

73,293

 

 

 

36,212

 

 

 

1,932

 

 

 

(42,827

)

 

 

68,610

 

Other income (expense):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest expense

 

 

 

 

 

(30

)

 

 

 

 

 

(4,956

)

 

 

(4,986

)

Gain on sale of operations, net

 

 

 

 

 

 

 

 

 

 

 

45

 

 

 

45

 

Other income (expense), net

 

 

122

 

 

 

298

 

 

 

(9

)

 

 

8,882

 

 

 

9,293

 

Total other income (expense)

 

 

122

 

 

 

268

 

 

 

(9

)

 

 

3,971

 

 

 

4,352

 

Income (loss) from continuing operations before

   income tax expense

 

$

73,415

 

 

$

36,480

 

 

$

1,923

 

 

$

(38,856

)

 

$

72,962