Financial Highlights By Business Segment |
Financial highlights by business segment are as
follows:
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Three Months Ended July 31,
2015 |
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Executive Recruitment |
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North
America |
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EMEA |
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Asia
Pacific |
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South
America |
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Subtotal |
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LTC |
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Futurestep |
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Corporate |
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Consolidated |
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(in
thousands) |
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Fee revenue
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$ |
90,359 |
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$ |
36,090 |
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$ |
19,215 |
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$ |
6,426 |
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$ |
152,090 |
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$ |
69,240 |
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$ |
46,064 |
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$ |
— |
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$ |
267,394 |
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Total revenue
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$ |
94,399 |
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$ |
37,171 |
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$ |
19,990 |
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$ |
6,432 |
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$ |
157,992 |
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$ |
71,441 |
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$ |
49,902 |
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$ |
— |
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$ |
279,335 |
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Net income
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$ |
23,082 |
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Other loss, net
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74 |
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Interest expense, net
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299 |
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Equity in earnings of unconsolidated subsidiaries, net
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(725 |
) |
Income tax provision
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10,174 |
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Operating income (loss)
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$ |
24,145 |
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$ |
6,276 |
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$ |
2,986 |
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$ |
1,508 |
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$ |
34,915 |
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$ |
7,495 |
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$ |
6,189 |
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$ |
(15,695 |
) |
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$ |
32,904 |
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Depreciation and amortization
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827 |
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365 |
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246 |
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78 |
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1,516 |
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3,748 |
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585 |
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1,574 |
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7,423 |
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Other income (loss), net
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32 |
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143 |
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18 |
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239 |
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432 |
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(863 |
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— |
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357 |
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(74 |
) |
Equity in earnings of unconsolidated subsidiaries, net
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86 |
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— |
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— |
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— |
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86 |
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— |
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— |
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639 |
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725 |
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EBITDA
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25,090 |
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6,784 |
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3,250 |
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1,825 |
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36,949 |
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10,380 |
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6,774 |
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(13,125 |
) |
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40,978 |
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Integration/acquisition costs
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— |
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— |
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— |
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— |
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— |
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329 |
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— |
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345 |
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674 |
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Adjusted EBITDA
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$ |
25,090 |
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$ |
6,784 |
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$ |
3,250 |
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$ |
1,825 |
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$ |
36,949 |
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$ |
10,709 |
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$ |
6,774 |
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$ |
(12,780 |
) |
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$ |
41,652 |
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Three Months Ended July 31,
2014 |
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Executive Recruitment |
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North
America |
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EMEA |
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Asia
Pacific |
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South
America |
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Subtotal |
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LTC |
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Futurestep |
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Corporate |
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Consolidated |
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(in
thousands) |
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Fee revenue
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$ |
82,300 |
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$ |
40,297 |
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$ |
19,534 |
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$ |
6,284 |
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$ |
148,415 |
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$ |
63,548 |
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$ |
39,225 |
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$ |
— |
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$ |
251,188 |
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Total revenue
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$ |
86,082 |
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$ |
41,429 |
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$ |
20,369 |
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$ |
6,309 |
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$ |
154,189 |
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$ |
65,420 |
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$ |
40,716 |
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$ |
— |
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$ |
260,325 |
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Net income
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$ |
14,533 |
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Other income, net
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(2,177 |
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Interest expense, net
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|
794 |
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Equity in earnings of unconsolidated subsidiaries, net
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(466 |
) |
Income tax provision
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5,909 |
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Operating income (loss)
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$ |
18,998 |
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$ |
2,643 |
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$ |
2,522 |
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$ |
73 |
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$ |
24,236 |
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$ |
3,460 |
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$ |
3,457 |
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$ |
(12,560 |
) |
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18,593 |
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Depreciation and amortization
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904 |
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489 |
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294 |
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85 |
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1,772 |
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3,252 |
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446 |
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1,300 |
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6,770 |
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Other income (loss), net
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129 |
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46 |
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109 |
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33 |
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317 |
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217 |
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(2 |
) |
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1,645 |
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2,177 |
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Equity in earnings of unconsolidated subsidiaries, net
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68 |
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— |
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— |
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— |
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68 |
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— |
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— |
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|
398 |
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466 |
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EBITDA
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20,099 |
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3,178 |
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2,925 |
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191 |
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26,393 |
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6,929 |
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3,901 |
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(9,217 |
) |
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28,006 |
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Restructuring charges, net
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1,151 |
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3,987 |
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17 |
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377 |
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5,532 |
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2,758 |
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1,424 |
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172 |
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9,886 |
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Adjusted EBITDA
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$ |
21,250 |
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$ |
7,165 |
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$ |
2,942 |
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$ |
568 |
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$ |
31,925 |
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$ |
9,687 |
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$ |
5,325 |
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$ |
(9,045 |
) |
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$ |
37,892 |
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