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Segment Disclosures (Tables)
3 Months Ended
Mar. 31, 2019
Segment Reporting [Abstract]  
Summary of Segment Information

Segment information for the three months ended March 31, 2019 and 2018 was as follows (in thousands):

 

 

 

Three Months Ended March 31, 2019

 

 

 

Financial

Services

 

 

Benefits and Insurance Services

 

 

National

Practices

 

 

Corporate

and

Other

 

 

Total

 

Revenue

 

$

185,144

 

 

$

76,255

 

 

$

8,599

 

 

$

 

 

$

269,998

 

Operating expenses

 

 

134,458

 

 

 

61,371

 

 

 

8,000

 

 

 

11,667

 

 

 

215,496

 

Gross margin

 

 

50,686

 

 

 

14,884

 

 

 

599

 

 

 

(11,667

)

 

 

54,502

 

Corporate general & administrative expenses

 

 

 

 

 

 

 

 

 

 

 

11,680

 

 

 

11,680

 

Operating income (loss)

 

 

50,686

 

 

 

14,884

 

 

 

599

 

 

 

(23,347

)

 

 

42,822

 

Other income (expense):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest expense

 

 

 

 

 

(10

)

 

 

 

 

 

(1,391

)

 

 

(1,401

)

Gain on sale of operations, net

 

 

497

 

 

 

 

 

 

 

 

 

 

 

 

497

 

Other (expense) income, net

 

 

(136

)

 

 

21

 

 

 

 

 

 

9,375

 

 

 

9,260

 

Total other (expense) income

 

 

361

 

 

 

11

 

 

 

 

 

 

7,984

 

 

 

8,356

 

Income (loss) from continuing operations before

   income tax expense

 

$

51,047

 

 

$

14,895

 

 

$

599

 

 

$

(15,363

)

 

$

51,178

 

 

 

 

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 & administrative expenses

 

 

 

 

 

 

 

 

 

 

 

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