v3.26.3
SEGMENT DISCLOSURES
 9 Months Ended
Sep. 30, 2026
Segment Reporting [Abstract]  
SEGMENT DISCLOSURES
NOTE 14. SEGMENT DISCLOSURES
As discussed in Note 13. Goodwill, the National Practices reportable segment, which consisted of a single reporting unit, was combined with a reporting unit included in the Financial Services practice group to better align our current internal management information reviewed by Chief Operating Decision Maker and reporting structure with the services provided. As a result of these changes, we now operate with two reportable segments: Financial Services and Benefits and Insurances Services. Financial results of the Financial Service Practice Group for the three and nine months ended September 30, 2025 were adjusted to reflect the change in reportable segments.
Corporate and Other - Included in Corporate and Other are operating expenses that are not directly allocated to the individual business units. These expenses primarily consist of certain health care costs, gains or losses attributable to assets held in our non-qualified deferred compensation plan, stock-based compensation, consolidation and integration charges, certain professional fees, certain advertising costs, and other various expenses.
Accounting policies of the practice groups are the same as those described in Note 1, Basis of Presentation and Significant Accounting Policies, to the Annual Report on Form 10-K for the year ended December 31, 2025, as amended. Upon consolidation, intercompany accounts and transactions are eliminated, thus inter-segment revenue is not included in the measure of profit or loss for the practice groups. Performance of the practice groups is evaluated on income (loss) before income tax expense (benefit) excluding those costs listed above, which are reported in “Corporate and Other.”
The practice groups respective revenue and pre-tax income, significant segment expenses, and a reconciliation of segment profit or loss measure to the consolidated income before income tax expense for the three and nine months ended September 30, 2026 and 2025 is presented below. The segment profit or loss measure for the three and nine months ended September 30, 2025 has been restated and reflects the current two reportable segments. We do not manage our assets on a segment basis, therefore segment assets are not presented below.
Segment information for the three months ended September 30, 2026 and 2025 was as follows (in thousands):
 
     Three Months Ended September 30, 2026
     Financial
Services		    Benefits and
Insurance
Services		    Total
 Revenue from external customers
     $   597,791       $   104,449       $   702,240  
        
 Significant expenses:
         
Personnel costs
      369,852        66,285        436,137  
Facility costs
      22,403        3,002        25,405  
Other costs, gains, and losses, net (1)
      95,213        16,667        111,880  
  
 
 
 
   
 
 
 
   
 
 
 
 Total segment expense
      487,468        85,954        573,422  
  
 
 
 
   
 
 
 
   
 
 
 
 Segment income before income tax expense
      110,323        18,495        128,818  
        
 Corporate & other:
         
Unallocated corporate operating expenses
            14,176  
General & administrative expenses
            38,518  
Interest expense
            23,975  
Other expense, net
            (850 ) 
        
 
 
 
 Consolidated income before income tax expense
           $ 52,999  
        
 
 
 
 
 
    
Three Months Ended September 30, 2025
    
Financial

Services
   
Benefits and

Insurance

Services
   
Total
 Revenue from external customers
   
 $
   590,431
 
   
 $
  103,387
 
   
 $
   693,818
 
 
         
 Significant expenses:
         
 Personnel costs
      391,666        65,222        456,888  
 Facility costs
      22,939        3,219        26,158  
 Other costs, gains, and losses, net
(1)
      79,416        15,599        95,015  
  
 
 
 
   
 
 
 
   
 
 
 
 Total segment expense
      494,021        84,040        578,061  
  
 
 
 
   
 
 
 
   
 
 
 
 Segment income before income tax expense
   
 
96,410
 
   
 
19,347
 
   
 
115,757
 
        
 Corporate & other:
         
 Unallocated corporate operating expenses
            25,081  
 General & administrative expenses
            31,265  
 Interest expense
            27,960  
 Other expense, net
            (8,955 ) 
        
 
 
 
 Consolidated income before income tax expense
           $ 40,406  
        
 
 
 
 
    
Nine Months Ended September 30, 2026
    
Financial

Services
   
Benefits and

Insurance

Services
   
Total
 Revenue from external customers
   
 $
 1,918,445
 
   
 $
  314,580
 
   
 $
 2,233,025
 
 
         
 Significant expenses:
         
 Personnel costs
      1,157,282        196,307        1,353,589  
 Facility costs
      72,415        9,433        81,848  
 Other costs, gains, and losses, net
(1)
      289,341        51,307        340,648  
  
 
 
 
   
 
 
 
   
 
 
 
 Total segment expense
      1,519,038        257,047        1,776,085  
  
 
 
 
   
 
 
 
   
 
 
 
 Segment income before income tax expense
   
 
399,407
 
   
 
57,533
 
   
 
456,940
 
        
 Corporate & other:
         
 Unallocated corporate operating expenses
            44,395  
 General & administrative expenses
            118,395  
 Interest expense
            72,199  
 Gain from acquisition related adjustment
            (57,955 )
 
 Other income, net
            (11,308 )
 
        
 
 
 
 Consolidated income before income tax expense
           $ 291,214  
        
 
 
 
 
    
Nine Months Ended September 30, 2025
    
Financial

Services
   
Benefits and

Insurance

Services
   
Total
 Revenue from external customers
   
 $
 1,897,036
 
   
 $
  318,292
 
   
 $
 2,215,328
 
 
         
 Significant expenses:
         
 Personnel costs
      1,201,748        196,965        1,398,713  
 Facility costs
      70,290        9,622        79,912  
 Other costs, gains, and losses, net
(1)
      237,521        46,445        283,966  
  
 
 
 
   
 
 
 
   
 
 
 
 Total segment expense
      1,509,559        253,032        1,762,591  
  
 
 
 
   
 
 
 
   
 
 
 
 Segment income before income tax expense
   
 
387,477
 
   
 
65,260
 
   
 
452,737
 
        
 Corporate & other:
         
 Unallocated corporate operating expenses
            45,518  
 General & administrative expenses
            86,972  
 Interest expense
            80,983  
 Other income, net
            (31,831 ) 
        
 
 
 
 Consolidated income before income tax expense
           $ 271,095  
        
 
 
 
 
 
(1)
Other costs, gains, and losses, net primarily consist of
travel
and entertainment costs, computer and technology related costs, depreciation and amortization expenses, and other discretionary costs.