v3.26.1
Segment Disclosures (Tables)
 6 Months Ended
Jun. 28, 2026
Segment Reporting [Abstract]  
Segment Reporting
The following tables present information about the reported revenue from services of the Company by reportable segment, along with a reconciliation to earnings before taxes, for the second quarter and June year-to-date 2026 and 2025. Asset information by reportable segment is not presented since the Company does not produce such information internally nor does it use such information to manage its business.
Second Quarter 2026
ETMSETEducationInter-SegmentTotal
Revenue from services$485.5 $301.6 $253.5 $(2.4)$1,038.2 
Cost of services(1)
386.0 225.1 217.5 (2.4)826.2 
Gross profit99.5 76.5 36.0 — 212.0 
Direct salaries(2)
59.9 41.0 14.9 
Other segment expenses(3)
28.8 17.3 10.4 
SG&A expenses88.7 58.3 25.3 — 172.3 
Business unit profit$10.8 $18.2 $10.7 $— $39.7 
Corporate SG&A(11.8)
Depreciation and amortization(4)
(11.8)
Consolidated earnings from operations16.1 
Other income (expense), net(1.7)
Earnings before taxes$14.4 

June Year-to-Date 2026
ETMSETEducationInter-SegmentTotal
Revenue from services$944.7 $590.8 $547.6 $(4.2)$2,078.9 
Cost of services(1)
759.6 442.5 472.6 (4.2)1,670.5 
Gross profit185.1 148.3 75.0 — 408.4 
Direct salaries(2)
119.5 81.5 31.5 
Other segment expenses(3)
56.1 34.4 20.5 
SG&A expenses175.6 115.9 52.0 — 343.5 
Asset impairment charge— 2.2 — 2.2 
Business unit profit$9.5 $30.2 $23.0 $— $62.7 
Corporate SG&A(28.2)
Depreciation and amortization(4)
(23.5)
Consolidated earnings from operations11.0 
Other income (expense), net(3.3)
Earnings before taxes$7.7 
Second Quarter 2025
ETMSETEducationInter-SegmentTotal
Revenue from services$516.4 $321.1 $265.3 $(1.0)$1,101.8 
Cost of services(1)
413.0 238.1 226.2 (1.0)876.3 
Gross profit103.4 83.0 39.1 — 225.5 
Direct salaries(2)
61.146.7 15.1 
Other segment expenses(3)
31.716.5 10.4 
SG&A expenses92.863.225.5— 181.5 
Business unit profit$10.6 $19.8 $13.6 $— $44.0 
Corporate SG&A(13.3)
Gain on sale of EMEA staffing operations4.0 
Depreciation and amortization(4)
(12.5)
Consolidated earnings from operations22.2 
Other income (expense), net(2.3)
Earnings before taxes$19.9 

June Year-to-Date 2025
ETMSETEducationInter-SegmentTotal
Revenue from services$1,045.5 $648.4 $574.3 $(1.5)$2,266.7 
Cost of services(1)
834.8 482.4 489.0 (1.5)1,804.7 
Gross profit210.7 166.0 85.3 — 462.0 
Direct salaries(2)
129.497.531.5
Other segment expenses(3)
64.434.8 20.9 
SG&A expenses193.8132.352.4— 378.5 
Business unit profit$16.9 $33.7 $32.9 $— $83.5 
Corporate SG&A(29.2)
Gain on sale of EMEA staffing operations4.0 
Depreciation and amortization(4)
(25.3)
Consolidated earnings from operations33.0 
Other income (expense), net(5.5)
Earnings before taxes$27.5 

(1) Cost of services represent those costs directly associated with the earning of revenue. The primary examples of these types of costs are temporary employee wages, along with other employee-related costs, including associated payroll taxes, temporary employee benefits, such as service bonus, holiday pay, health insurance and workers’ compensation costs. These costs differ fundamentally from SG&A expenses in that they arise specifically from the action of providing the Company's services to customers whereas SG&A costs are incurred regardless of whether or not the Company places temporary employees with the Company's customers.

(2) Direct salaries refers to the compensation expenses for employees directly related to the Company’s operations and service delivery. These expenses include salaries, related payroll taxes, various benefits and performance-based incentives and bonuses for these employees.

(3) Other segment expenses includes shared services costs for IT, human resources, legal and finance support, other professional services and overhead expenses, facilities and equipment-related costs and operational software licenses.
(4) Represents total company depreciation and amortization of intangibles, including the amortization of hosted software.
Depreciation and Amortization by Segment
Depreciation and amortization expense is included in SG&A expenses in the consolidated statements of earnings. Depreciation and amortization expense amounts below include amortization of implementation costs for hosted software, which are excluded in the presentation of depreciation and amortization in the consolidated statements of cash flows. The depreciation and amortization amounts by segment are as follows:

Second QuarterJune Year-to-Date
2026202520262025
Depreciation and amortization:
Enterprise Talent Management$2.4 $2.7 $4.6 $5.9 
Science, Engineering & Technology7.2 7.7 14.6 15.2 
Education2.2 2.1 4.3 4.2