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Share Name | Share Symbol | Market | Type |
---|---|---|---|
ASGN Inc | NYSE:ASGN | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
-1.52 | -1.65% | 90.59 | 91.26 | 89.17 | 89.57 | 337,409 | 01:00:00 |
x
|
QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
|
o
|
TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
|
Delaware
|
95-4023433
|
||||
(State of Incorporation)
|
(I.R.S. Employer Identification No.)
|
||||
|
|
||||
26745 Malibu Hills Road, Calabasas, CA
|
91301
|
||||
(Address of principal executive offices)
|
(Zip Code)
|
||||
|
|
Large accelerated filer
x
|
Accelerated filer
o
|
Non-accelerated filer
o
|
Smaller reporting company
o
|
|
Emerging growth company
o
|
ON ASSIGNMENT, INC. AND SUBSIDIARIES
INDEX
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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|
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|
|
|
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September 30,
2017 |
|
December 31,
2016 |
||||
ASSETS
|
|
|
|
||||
Current assets:
|
|
|
|
||||
Cash and cash equivalents
|
$
|
27,977
|
|
|
$
|
27,044
|
|
Accounts receivable, net of allowance of $9,504 and $8,093, respectively
|
432,718
|
|
|
386,858
|
|
||
Prepaid expenses and income taxes
|
7,644
|
|
|
6,331
|
|
||
Workers' compensation receivable
|
14,312
|
|
|
14,001
|
|
||
Other current assets
|
3,103
|
|
|
3,290
|
|
||
Total current assets
|
485,754
|
|
|
437,524
|
|
||
Property and equipment, net
|
58,231
|
|
|
56,942
|
|
||
Goodwill
|
893,776
|
|
|
873,513
|
|
||
Identifiable intangible assets, net
|
361,140
|
|
|
377,730
|
|
||
Other non-current assets
|
5,967
|
|
|
6,958
|
|
||
Total assets
|
$
|
1,804,868
|
|
|
$
|
1,752,667
|
|
LIABILITIES AND STOCKHOLDERS’ EQUITY
|
|
|
|
||||
Current liabilities:
|
|
|
|
||||
Accounts payable
|
$
|
6,164
|
|
|
$
|
6,266
|
|
Accrued payroll and contract professional pay
|
127,005
|
|
|
111,596
|
|
||
Workers’ compensation loss reserves
|
16,527
|
|
|
15,784
|
|
||
Income taxes payable
|
15,127
|
|
|
1,260
|
|
||
Other current liabilities
|
24,373
|
|
|
27,593
|
|
||
Total current liabilities
|
189,196
|
|
|
162,499
|
|
||
Long-term debt
|
609,997
|
|
|
640,355
|
|
||
Deferred income tax liabilities
|
74,860
|
|
|
74,282
|
|
||
Other long-term liabilities
|
5,837
|
|
|
6,592
|
|
||
Total liabilities
|
879,890
|
|
|
883,728
|
|
||
Commitments and contingencies (Note 6)
|
|
|
|
|
|
||
Stockholders’ equity:
|
|
|
|
||||
Preferred stock, $0.01 par value, 1,000,000 shares authorized, no shares issued
|
—
|
|
|
—
|
|
||
Common stock, $0.01 par value, 75,000,000 shares authorized, 51,991,815
and 52,716,388 issued and outstanding, respectively
|
520
|
|
|
527
|
|
||
Paid-in capital
|
567,731
|
|
|
562,862
|
|
||
Retained earnings
|
361,122
|
|
|
315,573
|
|
||
Accumulated other comprehensive loss
|
(4,395
|
)
|
|
(10,023
|
)
|
||
Total stockholders’ equity
|
924,978
|
|
|
868,939
|
|
||
Total liabilities and stockholders’ equity
|
$
|
1,804,868
|
|
|
$
|
1,752,667
|
|
|
Three Months Ended
|
|
Nine Months Ended
|
||||||||||||
September 30,
|
September 30,
|
||||||||||||||
|
2017
|
|
2016
|
|
2017
|
|
2016
|
||||||||
Revenues
|
$
|
667,048
|
|
|
$
|
629,401
|
|
|
$
|
1,946,889
|
|
|
$
|
1,819,529
|
|
Costs of services
|
448,733
|
|
|
422,281
|
|
|
1,317,493
|
|
|
1,222,541
|
|
||||
Gross profit
|
218,315
|
|
|
207,120
|
|
|
629,396
|
|
|
596,988
|
|
||||
Selling, general and administrative expenses
|
149,197
|
|
|
141,968
|
|
|
440,446
|
|
|
423,199
|
|
||||
Amortization of intangible assets
|
8,248
|
|
|
9,742
|
|
|
25,011
|
|
|
29,918
|
|
||||
Operating income
|
60,870
|
|
|
55,410
|
|
|
163,939
|
|
|
143,871
|
|
||||
Interest expense
|
(7,099
|
)
|
|
(8,294
|
)
|
|
(21,667
|
)
|
|
(25,278
|
)
|
||||
Income before income taxes
|
53,771
|
|
|
47,116
|
|
|
142,272
|
|
|
118,593
|
|
||||
Provision for income taxes
|
18,892
|
|
|
17,341
|
|
|
51,775
|
|
|
45,457
|
|
||||
Income from continuing operations
|
34,879
|
|
|
29,775
|
|
|
90,497
|
|
|
73,136
|
|
||||
Income (loss) from discontinued operations, net of income taxes
|
(23
|
)
|
|
(7
|
)
|
|
(153
|
)
|
|
37
|
|
||||
Net income
|
$
|
34,856
|
|
|
$
|
29,768
|
|
|
$
|
90,344
|
|
|
$
|
73,173
|
|
|
|
|
|
|
|
|
|
||||||||
Per share income from continuing operations and net income:
|
|
|
|
|
|
|
|
||||||||
Basic
|
$
|
0.66
|
|
|
$
|
0.56
|
|
|
$
|
1.72
|
|
|
$
|
1.37
|
|
Diluted
|
$
|
0.66
|
|
|
$
|
0.55
|
|
|
$
|
1.70
|
|
|
$
|
1.36
|
|
|
|
|
|
|
|
|
|
||||||||
Number of shares and share equivalents used to calculate earnings per share:
|
|
|
|
|
|
|
|
||||||||
Basic
|
52,500
|
|
|
53,275
|
|
|
52,660
|
|
|
53,281
|
|
||||
Diluted
|
53,173
|
|
|
53,768
|
|
|
53,319
|
|
|
53,787
|
|
||||
|
|
|
|
|
|
|
|
||||||||
Reconciliation of net income to comprehensive income:
|
|
|
|
|
|
|
|
||||||||
Net income
|
$
|
34,856
|
|
|
$
|
29,768
|
|
|
$
|
90,344
|
|
|
$
|
73,173
|
|
Foreign currency translation adjustment
|
1,783
|
|
|
420
|
|
|
5,628
|
|
|
680
|
|
||||
Comprehensive income
|
$
|
36,639
|
|
|
$
|
30,188
|
|
|
$
|
95,972
|
|
|
$
|
73,853
|
|
|
Nine Months Ended
|
||||||
September 30,
|
|||||||
|
2017
|
|
2016
|
||||
Cash Flows from Operating Activities:
|
|
|
|
||||
Net income
|
$
|
90,344
|
|
|
$
|
73,173
|
|
Adjustments to reconcile net income to net cash provided by operating activities:
|
|
|
|
||||
Depreciation and amortization
|
43,493
|
|
|
46,171
|
|
||
Stock-based compensation
|
17,943
|
|
|
19,803
|
|
||
Provision for doubtful accounts and billing adjustments
|
9,216
|
|
|
8,678
|
|
||
Fair value adjustment for contingent consideration
|
—
|
|
|
613
|
|
||
Workers’ compensation provision
|
2,383
|
|
|
1,939
|
|
||
Other
|
5,967
|
|
|
4,065
|
|
||
Changes in operating assets and liabilities:
|
|
|
|
||||
Accounts receivable
|
(51,936
|
)
|
|
(47,385
|
)
|
||
Prepaid expenses and income taxes
|
(958
|
)
|
|
6,840
|
|
||
Accounts payable
|
(135
|
)
|
|
(3,525
|
)
|
||
Accrued payroll and contract professional pay
|
14,291
|
|
|
25,352
|
|
||
Income taxes payable
|
13,426
|
|
|
15,070
|
|
||
Workers’ compensation loss reserves
|
(1,952
|
)
|
|
(1,913
|
)
|
||
Payments of accrued earn-outs
|
—
|
|
|
(4,780
|
)
|
||
Other
|
(3,895
|
)
|
|
(1,194
|
)
|
||
Net cash provided by operating activities
(1)
|
138,187
|
|
|
142,907
|
|
||
Cash Flows from Investing Activities:
|
|
|
|
||||
Cash paid for property and equipment
|
(18,038
|
)
|
|
(20,551
|
)
|
||
Cash received from sale of discontinued operations, net
|
—
|
|
|
6,000
|
|
||
Cash paid for acquisitions, net
|
(25,828
|
)
|
|
—
|
|
||
Other
|
—
|
|
|
(787
|
)
|
||
Net cash used in investing activities
|
(43,866
|
)
|
|
(15,338
|
)
|
||
Cash Flows from Financing Activities:
|
|
|
|
||||
Principal payments of long-term debt
|
(69,500
|
)
|
|
(106,000
|
)
|
||
Proceeds from long-term debt
|
37,000
|
|
|
7,000
|
|
||
Debt issuance or amendment costs
|
(3,273
|
)
|
|
(889
|
)
|
||
Proceeds from option exercises and employee stock purchase plan
|
7,690
|
|
|
9,458
|
|
||
Payment of employment taxes related to release of restricted stock awards
|
(7,785
|
)
|
|
(5,968
|
)
|
||
Repurchase of common stock
|
(58,949
|
)
|
|
(21,470
|
)
|
||
Payments of accrued earn-outs
|
—
|
|
|
(16,814
|
)
|
||
Net cash used in financing activities
(1)
|
(94,817
|
)
|
|
(134,683
|
)
|
||
Effect of exchange rate changes on cash and cash equivalents
|
1,429
|
|
|
217
|
|
||
Net Increase (Decrease) in Cash and Cash Equivalents
|
933
|
|
|
(6,897
|
)
|
||
Cash and Cash Equivalents at Beginning of Year
|
27,044
|
|
|
23,869
|
|
||
Cash and Cash Equivalents at End of Period
|
$
|
27,977
|
|
|
$
|
16,972
|
|
Supplemental Disclosure of Cash Flow Information
|
|
|
|
||||
Cash paid for:
|
|
|
|
||||
Income taxes
|
$
|
37,716
|
|
|
$
|
23,974
|
|
Interest
|
$
|
18,980
|
|
|
$
|
20,798
|
|
Supplemental Disclosure of Non-Cash Transactions
|
|
|
|
||||
Unpaid portion of additions to property and equipment
|
$
|
2,063
|
|
|
$
|
1,415
|
|
Unsettled repurchases of common stock
|
$
|
1,074
|
|
|
$
|
1,100
|
|
|
Apex Segment
|
|
Oxford Segment
|
|
Total
|
||||||
Balance as of December 31, 2015
|
$
|
644,617
|
|
|
$
|
230,289
|
|
|
$
|
874,906
|
|
Translation adjustment
|
—
|
|
|
(1,393
|
)
|
|
(1,393
|
)
|
|||
Balance as of December 31, 2016
|
644,617
|
|
|
228,896
|
|
|
873,513
|
|
|||
Stratacuity acquisition
|
17,493
|
|
|
—
|
|
|
17,493
|
|
|||
Translation adjustment
|
—
|
|
|
2,770
|
|
|
2,770
|
|
|||
Balance as of September 30, 2017
|
$
|
662,110
|
|
|
$
|
231,666
|
|
|
$
|
893,776
|
|
|
|
|
September 30, 2017
|
|
December 31, 2016
|
||||||||||||||||||||
|
Estimated Useful Life
|
|
Gross Carrying Amount
|
|
Accumulated Amortization
|
|
Net Carrying Amount
|
|
Gross Carrying Amount
|
|
Accumulated Amortization
|
|
Net Carrying Amount
|
||||||||||||
Subject to amortization:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||||
Customer relationships
|
2 - 10 years
|
|
$
|
202,474
|
|
|
$
|
114,065
|
|
|
$
|
88,409
|
|
|
$
|
196,204
|
|
|
$
|
98,804
|
|
|
$
|
97,400
|
|
Contractor relationships
|
2 - 5 years
|
|
71,103
|
|
|
57,174
|
|
|
13,929
|
|
|
69,721
|
|
|
50,528
|
|
|
19,193
|
|
||||||
Non-compete agreements
|
2 - 7 years
|
|
11,845
|
|
|
6,145
|
|
|
5,700
|
|
|
10,861
|
|
|
4,922
|
|
|
5,939
|
|
||||||
In-use software
|
6 years
|
|
18,900
|
|
|
12,029
|
|
|
6,871
|
|
|
18,900
|
|
|
9,666
|
|
|
9,234
|
|
||||||
Favorable contracts
|
5 years
|
|
900
|
|
|
618
|
|
|
282
|
|
|
900
|
|
|
453
|
|
|
447
|
|
||||||
|
|
|
305,222
|
|
|
190,031
|
|
|
115,191
|
|
|
296,586
|
|
|
164,373
|
|
|
132,213
|
|
||||||
Not subject to amortization:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||||
Trademarks
|
|
|
245,949
|
|
|
—
|
|
|
245,949
|
|
|
245,517
|
|
|
—
|
|
|
245,517
|
|
||||||
Total
|
|
|
$
|
551,171
|
|
|
$
|
190,031
|
|
|
$
|
361,140
|
|
|
$
|
542,103
|
|
|
$
|
164,373
|
|
|
$
|
377,730
|
|
|
September 30,
2017 |
|
December 31,
2016 |
||||
$200 million revolving credit facility
|
$
|
29,500
|
|
|
$
|
—
|
|
Term B loan facility
|
594,000
|
|
|
656,000
|
|
||
|
623,500
|
|
|
656,000
|
|
||
Unamortized deferred loan costs
|
(13,503
|
)
|
|
(15,645
|
)
|
||
|
$
|
609,997
|
|
|
$
|
640,355
|
|
|
Three Months Ended
|
|
Nine Months Ended
|
||||
|
September 30, 2016
|
|
September 30, 2016
|
||||
Balance at beginning of period
|
$
|
(5,843
|
)
|
|
$
|
(20,981
|
)
|
Payments on contingent consideration
|
5,843
|
|
|
21,594
|
|
||
Fair value adjustment
|
—
|
|
|
(613
|
)
|
||
Balance at end of period
|
$
|
—
|
|
|
$
|
—
|
|
|
Three Months Ended
|
|
Nine Months Ended
|
||||||||
|
September 30,
|
|
September 30,
|
||||||||
|
2017
|
|
2016
|
|
2017
|
|
2016
|
||||
Weighted average number of common shares outstanding used to compute basic earnings per share
|
52,500
|
|
|
53,275
|
|
|
52,660
|
|
|
53,281
|
|
Dilutive effect of stock-based awards
|
673
|
|
|
493
|
|
|
659
|
|
|
506
|
|
Number of shares used to compute diluted earnings per share
|
53,173
|
|
|
53,768
|
|
|
53,319
|
|
|
53,787
|
|
|
Three Months Ended
|
|
Three Months Ended
|
||||||||||||||||||||||||||||
|
September 30, 2017
|
|
September 30
, 2016
|
||||||||||||||||||||||||||||
|
Apex
|
|
Oxford
|
|
Corporate
(1)
|
|
Total
|
|
Apex
|
|
Oxford
|
|
Corporate
(1)
|
|
Total
|
||||||||||||||||
Revenues
|
$
|
517,492
|
|
|
$
|
149,556
|
|
|
$
|
—
|
|
|
$
|
667,048
|
|
|
$
|
473,546
|
|
|
$
|
155,855
|
|
|
$
|
—
|
|
|
$
|
629,401
|
|
Gross profit
|
155,783
|
|
|
62,532
|
|
|
—
|
|
|
218,315
|
|
|
143,681
|
|
|
63,439
|
|
|
—
|
|
|
207,120
|
|
||||||||
Operating income
|
59,016
|
|
|
16,088
|
|
|
(14,234
|
)
|
|
60,870
|
|
|
53,982
|
|
|
14,429
|
|
|
(13,001
|
)
|
|
55,410
|
|
||||||||
Amortization
|
7,194
|
|
|
1,054
|
|
|
—
|
|
|
8,248
|
|
|
8,590
|
|
|
1,152
|
|
|
—
|
|
|
9,742
|
|
|
Nine Months Ended
|
|
Nine Months Ended
|
||||||||||||||||||||||||||||
|
September 30, 2017
|
|
September 30
, 2016
|
||||||||||||||||||||||||||||
|
Apex
|
|
Oxford
|
|
Corporate
(1)
|
|
Total
|
|
Apex
|
|
Oxford
|
|
Corporate
(1)
|
|
Total
|
||||||||||||||||
Revenues
|
$
|
1,502,462
|
|
|
$
|
444,427
|
|
|
$
|
—
|
|
|
$
|
1,946,889
|
|
|
$
|
1,360,424
|
|
|
$
|
459,105
|
|
|
$
|
—
|
|
|
$
|
1,819,529
|
|
Gross profit
|
445,925
|
|
|
183,471
|
|
|
—
|
|
|
629,396
|
|
|
407,990
|
|
|
188,998
|
|
|
—
|
|
|
596,988
|
|
||||||||
Operating income
|
162,679
|
|
|
39,525
|
|
|
(38,265
|
)
|
|
163,939
|
|
|
144,158
|
|
|
41,045
|
|
|
(41,332
|
)
|
|
143,871
|
|
||||||||
Amortization
|
21,983
|
|
|
3,028
|
|
|
—
|
|
|
25,011
|
|
|
25,770
|
|
|
4,148
|
|
|
—
|
|
|
29,918
|
|
(1)
|
Corporate expenses primarily consist of consolidated stock-based compensation expense, compensation for corporate employees, acquisition, integration and strategic planning expenses, public company expenses and depreciation expense for corporate assets.
|
|
Three Months Ended
|
|
Nine Months Ended
|
||||||||||||||||||||||||
|
September 30,
|
|
September 30,
|
||||||||||||||||||||||||
|
2017
|
|
%
|
|
2016
|
|
%
|
|
2017
|
|
%
|
|
2016
|
|
%
|
||||||||||||
Revenues:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||||
Assignment
|
$
|
634,339
|
|
|
95.1
|
%
|
|
$
|
596,437
|
|
|
94.8
|
%
|
|
$
|
1,848,868
|
|
|
95.0
|
%
|
|
$
|
1,720,312
|
|
|
94.5
|
%
|
Permanent placement
|
32,709
|
|
|
4.9
|
%
|
|
32,964
|
|
|
5.2
|
%
|
|
98,021
|
|
|
5.0
|
%
|
|
99,217
|
|
|
5.5
|
%
|
||||
|
$
|
667,048
|
|
|
100.0
|
%
|
|
$
|
629,401
|
|
|
100.0
|
%
|
|
$
|
1,946,889
|
|
|
100.0
|
%
|
|
$
|
1,819,529
|
|
|
100.0
|
%
|
|
Three Months Ended
|
|
Nine Months Ended
|
||||||||||||||||||||||||
|
September 30,
|
|
September 30,
|
||||||||||||||||||||||||
|
2017
|
|
%
|
|
2016
|
|
%
|
|
2017
|
|
%
|
|
2016
|
|
%
|
||||||||||||
Revenues:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||||
Domestic
|
$
|
632,584
|
|
|
94.8
|
%
|
|
$
|
599,991
|
|
|
95.3
|
%
|
|
$
|
1,849,567
|
|
|
95.0
|
%
|
|
$
|
1,732,594
|
|
|
95.2
|
%
|
Foreign
|
34,464
|
|
|
5.2
|
%
|
|
29,410
|
|
|
4.7
|
%
|
|
97,322
|
|
|
5.0
|
%
|
|
86,935
|
|
|
4.8
|
%
|
||||
|
$
|
667,048
|
|
|
100.0
|
%
|
|
$
|
629,401
|
|
|
100.0
|
%
|
|
$
|
1,946,889
|
|
|
100.0
|
%
|
|
$
|
1,819,529
|
|
|
100.0
|
%
|
|
|
Three Months Ended
September 30,
|
|
|
Year-Over-Year
Growth Rates
|
|
|||||||
|
|
2017
|
|
2016
|
|
|
|
||||||
|
|
|
|
|
|
|
|
|
|||||
Revenues by segment:
|
|
|
|
|
|
|
|
|
|||||
Apex:
|
|
|
|
|
|
|
|
|
|||||
Assignment
|
|
$
|
506.4
|
|
|
$
|
462.0
|
|
|
|
9.6
|
%
|
|
Permanent placement
|
|
11.1
|
|
|
11.6
|
|
|
|
(3.4
|
)%
|
|
||
|
|
517.5
|
|
|
473.6
|
|
|
|
9.3
|
%
|
|
||
Oxford:
|
|
|
|
|
|
|
|
|
|||||
Assignment
|
|
128.0
|
|
|
134.4
|
|
|
|
(4.8
|
)%
|
|
||
Permanent placement
|
|
21.6
|
|
|
21.4
|
|
|
|
0.6
|
%
|
|
||
|
|
149.6
|
|
|
155.8
|
|
|
|
(4.0
|
)%
|
|
||
Consolidated:
|
|
|
|
|
|
|
|
|
|||||
Assignment
|
|
634.4
|
|
|
596.4
|
|
|
|
6.4
|
%
|
|
||
Permanent placement
|
|
32.7
|
|
|
33.0
|
|
|
|
(0.8
|
)%
|
|
||
|
|
$
|
667.1
|
|
|
$
|
629.4
|
|
|
|
6.0
|
%
|
|
Percentage of total revenues:
|
|
|
|
|
|
|
|
|
|||||
Apex
|
|
77.6
|
%
|
|
75.2
|
%
|
|
|
|
|
|||
Oxford
|
|
22.4
|
%
|
|
24.8
|
%
|
|
|
|
|
|||
|
|
100.0
|
%
|
|
100.0
|
%
|
|
|
|
|
|||
|
|
|
|
|
|
|
|
|
|||||
Assignment
|
|
95.1
|
%
|
|
94.8
|
%
|
|
|
|
|
|||
Permanent placement
|
|
4.9
|
%
|
|
5.2
|
%
|
|
|
|
|
|||
|
|
100.0
|
%
|
|
100.0
|
%
|
|
|
|
|
|||
|
|
|
|
|
|
|
|
|
|||||
Domestic
|
|
94.8
|
%
|
|
95.3
|
%
|
|
|
|
|
|||
Foreign
|
|
5.2
|
%
|
|
4.7
|
%
|
|
|
|
|
|||
|
|
100.0
|
%
|
|
100.0
|
%
|
|
|
|
|
|
|
Three Months Ended
September 30,
|
|
|
Year-Over-Year
Growth Rates
|
|
|||||||
|
|
2017
|
|
2016
|
|
|
|
||||||
Gross profit:
|
|
|
|
|
|
|
|
|
|||||
Apex
|
|
$
|
155.7
|
|
|
$
|
143.7
|
|
|
|
8.4
|
%
|
|
Oxford
|
|
62.6
|
|
|
63.4
|
|
|
|
(1.4
|
)%
|
|
||
Consolidated
|
|
$
|
218.3
|
|
|
$
|
207.1
|
|
|
|
5.4
|
%
|
|
Gross margin:
|
|
|
|
|
|
|
|
|
|||||
Apex
|
|
30.1
|
%
|
|
30.3
|
%
|
|
|
|
|
|||
Oxford
|
|
41.8
|
%
|
|
40.7
|
%
|
|
|
|
|
|||
Consolidated
|
|
32.7
|
%
|
|
32.9
|
%
|
|
|
|
|
|
|
Nine Months Ended September 30,
|
Year-Over-Year
Growth Rates
|
|
||||||||
|
|
2017
|
|
2016
|
|
|
||||||
Revenues by segment:
|
|
|
|
|
|
|
|
|||||
Apex:
|
|
|
|
|
|
|
|
|||||
Assignment
|
|
$
|
1,469.0
|
|
|
$
|
1,325.5
|
|
|
10.8
|
%
|
|
Permanent placement
|
|
33.5
|
|
|
34.9
|
|
|
(4.1
|
)%
|
|
||
|
|
1,502.5
|
|
|
1,360.4
|
|
|
10.4
|
%
|
|
||
Oxford:
|
|
|
|
|
|
|
|
|||||
Assignment
|
|
379.9
|
|
|
394.8
|
|
|
(3.8
|
)%
|
|
||
Permanent placement
|
|
64.5
|
|
|
64.3
|
|
|
0.3
|
%
|
|
||
|
|
444.4
|
|
|
459.1
|
|
|
(3.2
|
)%
|
|
||
Consolidated:
|
|
|
|
|
|
|
|
|||||
Assignment
|
|
1,848.9
|
|
|
1,720.3
|
|
|
7.5
|
%
|
|
||
Permanent placement
|
|
98.0
|
|
|
99.2
|
|
|
(1.2
|
)%
|
|
||
|
|
$
|
1,946.9
|
|
|
$
|
1,819.5
|
|
|
7.0
|
%
|
|
Percentage of total revenues:
|
|
|
|
|
|
|
|
|||||
Apex
|
|
77.2
|
%
|
|
74.8
|
%
|
|
|
|
|||
Oxford
|
|
22.8
|
%
|
|
25.2
|
%
|
|
|
|
|||
|
|
100.0
|
%
|
|
100.0
|
%
|
|
|
|
|||
|
|
|
|
|
|
|
|
|||||
Assignment
|
|
95.0
|
%
|
|
94.5
|
%
|
|
|
|
|||
Permanent placement
|
|
5.0
|
%
|
|
5.5
|
%
|
|
|
|
|||
|
|
100.0
|
%
|
|
100.0
|
%
|
|
|
|
|||
|
|
|
|
|
|
|
|
|||||
Domestic
|
|
95.0
|
%
|
|
95.2
|
%
|
|
|
|
|||
Foreign
|
|
5.0
|
%
|
|
4.8
|
%
|
|
|
|
|||
|
|
100.0
|
%
|
|
100.0
|
%
|
|
|
|
|
|
Nine Months Ended September 30,
|
|
|
Year-Over-Year
Growth Rates
|
|
|||||||
|
|
2017
|
|
2016
|
|
|
|
||||||
Gross profit:
|
|
|
|
|
|
|
|
|
|||||
Apex
|
|
$
|
445.9
|
|
|
$
|
408.0
|
|
|
|
9.3
|
%
|
|
Oxford
|
|
183.5
|
|
|
189.0
|
|
|
|
(2.9
|
)%
|
|
||
Consolidated
|
|
$
|
629.4
|
|
|
$
|
597.0
|
|
|
|
5.4
|
%
|
|
Gross margin:
|
|
|
|
|
|
|
|
|
|||||
Apex
|
|
29.7
|
%
|
|
30.0
|
%
|
|
|
|
|
|||
Oxford
|
|
41.3
|
%
|
|
41.2
|
%
|
|
|
|
|
|||
Consolidated
|
|
32.3
|
%
|
|
32.8
|
%
|
|
|
|
|
Period
|
Total Number of Shares Purchased
|
Average Price Paid per Share
|
Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs
|
Maximum Number
(or Approximate Dollar Value)
of Shares That May Yet be Purchased Under the Plans or Programs
|
||||||||
July
|
20,000
|
|
|
$
|
48.99
|
|
20,000
|
|
|
$
|
95,788,000
|
|
August
|
649,618
|
|
|
$
|
46.98
|
|
649,618
|
|
|
65,272,000
|
|
|
September
|
330,000
|
|
|
$
|
49.67
|
|
330,000
|
|
|
48,882,000
|
|
|
Total
|
999,618
|
|
|
$
|
47.90
|
|
999,618
|
|
|
$
|
48,882,000
|
|
|
ON ASSIGNMENT, INC.
|
|
|
|
|
Date: November 7, 2017
|
By:
|
/s/ Edward L. Pierce
|
|
|
Edward L. Pierce
|
|
|
Executive Vice President and Chief Financial Officer
|
|
|
(Principal Financial and Accounting Officer)
|
1 Year ASGN Chart |
1 Month ASGN Chart |
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