10-Q Filing

ASGN INC CIK: 890564 Q1 2018

Filing Information

Form Type	10-Q
Accession Number	`0000890564-18-000051`
Period End Date	20180331
Filing Date	20180510
Fiscal Year	2018
Fiscal Period	Q1
XBRL Instance	asgn-20180331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 74 Income Statement 38 Cash Flow Statement 66

Balance Sheet 74 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`Cash`	$36.67M	USD	Point-in-time
Preferred Stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Cash and cash equivalents	`Cash`	$77.90M	USD	Point-in-time
Preferred Stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Preferred Stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Accounts receivable, net of allowance	`AccountsReceivableNetCurrent`	$443.34M	USD	Point-in-time
Accounts receivable, net of allowance	`AccountsReceivableNetCurrent`	$428.54M	USD	Point-in-time
Preferred Stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Preferred Stock, shares issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Prepaid expenses and income taxes	`PrepaidExpenseCurrent`	$18.59M	USD	Point-in-time
Preferred Stock, shares issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Prepaid expenses and income taxes	`PrepaidExpenseCurrent`	$10.65M	USD	Point-in-time
Preferred Stock, shares outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preferred Stock, shares outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Workers' compensation receivable	`EstimatedInsuranceRecoveries`	$12.70M	USD	Point-in-time
Workers' compensation receivable	`EstimatedInsuranceRecoveries`	$15.34M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$3.03M	USD	Point-in-time
Common Stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$5.05M	USD	Point-in-time
Common Stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Total current assets	`AssetsCurrent`	$499.52M	USD	Point-in-time
Common Stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	75.00M	shares	Point-in-time
Common Stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	75.00M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$552.27M	USD	Point-in-time
Common Stock, shares issued (in shares)	`CommonStockSharesIssued`	52.28M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$58.00M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$57.07M	USD	Point-in-time
Common Stock, shares issued (in shares)	`CommonStockSharesIssued`	52.15M	shares	Point-in-time
Goodwill	`Goodwill`	$894.89M	USD	Point-in-time
Common Stock: shares outstanding (in shares)	`CommonStockSharesOutstanding`	52.15M	shares	Point-in-time
Common Stock: shares outstanding (in shares)	`CommonStockSharesOutstanding`	52.28M	shares	Point-in-time
Goodwill	`Goodwill`	$894.10M	USD	Point-in-time
Identifiable intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$345.37M	USD	Point-in-time
Identifiable intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$352.77M	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$5.75M	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$8.56M	USD	Point-in-time
Total assets	`Assets`	$1.86B	USD	Point-in-time
Total assets	`Assets`	$1.81B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$14.47M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$6.87M	USD	Point-in-time
Accrued payroll and contract professional pay	`EmployeeRelatedLiabilitiesCurrent`	$114.83M	USD	Point-in-time
Accrued payroll and contract professional pay	`EmployeeRelatedLiabilitiesCurrent`	$120.36M	USD	Point-in-time
Workers compensation loss reserves	`WorkersCompensationLiabilityCurrent`	$17.48M	USD	Point-in-time
Workers compensation loss reserves	`WorkersCompensationLiabilityCurrent`	$14.78M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$777.00K	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$1.23M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$29.67M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$29.01M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$182.75M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$166.72M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$565.93M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$575.21M	USD	Point-in-time
Deferred income tax liabilities	`DeferredTaxLiabilitiesNoncurrent`	$69.44M	USD	Point-in-time
Deferred income tax liabilities	`DeferredTaxLiabilitiesNoncurrent`	$69.44M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$9.83M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$7.37M	USD	Point-in-time
Total liabilities	`Liabilities`	$827.94M	USD	Point-in-time
Total liabilities	`Liabilities`	$818.74M	USD	Point-in-time
Commitments and contingencies (Note 6)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 6)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred Stock, Value, $0.01 par value	`PreferredStockValue`	-	USD	Point-in-time
Preferred Stock, Value, $0.01 par value	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $0.01 par value	`CommonStockValue`	$523.00K	USD	Point-in-time
Common stock, $0.01 par value	`CommonStockValue`	$521.00K	USD	Point-in-time
Paid-in capital	`AdditionalPaidInCapitalCommonStock`	$566.09M	USD	Point-in-time
Paid-in capital	`AdditionalPaidInCapitalCommonStock`	$574.35M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$428.42M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$457.51M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-3.64M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-2.16M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$1.03B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$991.39M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$1.81B	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$1.86B	USD	Point-in-time

Income Statement 38 line items

Line Item	Tag	Value	Unit	Period
Revenues	`SalesRevenueServicesNet`	$626.53M	USD	1 Quarter
Revenues	`SalesRevenueServicesNet`	$685.17M	USD	1 Quarter
Cost of services	`CostOfServices`	$467.44M	USD	1 Quarter
Cost of services	`CostOfServices`	$428.38M	USD	1 Quarter
Gross profit	`GrossProfit`	$198.14M	USD	1 Quarter
Gross profit	`GrossProfit`	$217.74M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$164.44M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$146.07M	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$8.46M	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$7.60M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$43.61M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$45.69M	USD	1 Quarter
Interest expense	`InterestExpense`	$8.50M	USD	1 Quarter
Interest expense	`InterestExpense`	$6.54M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$35.11M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$39.15M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$12.72M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$9.91M	USD	1 Quarter
Income from continuing operations	`IncomeLossFromContinuingOperations`	$29.24M	USD	1 Quarter
Income from continuing operations	`IncomeLossFromContinuingOperations`	$22.38M	USD	1 Quarter
Income (loss) from discontinued operations, net of income taxes	`IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity`	$-148.00K	USD	1 Quarter
Income (loss) from discontinued operations, net of income taxes	`IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity`	$9.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$22.39M	USD	1 Quarter
Net income	`NetIncomeLoss`	$29.09M	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.56	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.43	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.55	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.42	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	52.18M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	52.66M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	53.25M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	52.83M	shares	1 Quarter
Net income	`NetIncomeLoss`	$22.39M	USD	1 Quarter
Net income	`NetIncomeLoss`	$29.09M	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$702.00K	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$1.48M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$23.09M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$30.57M	USD	1 Quarter

Cash Flow Statement 66 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$22.39M	USD	1 Quarter
Net income	`NetIncomeLoss`	$29.09M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$14.47M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$14.41M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$4.89M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$5.57M	USD	1 Quarter
Provision for accounts receivable allowances	`ProvisionForDoubtfulAccounts`	$2.81M	USD	1 Quarter
Provision for accounts receivable allowances	`ProvisionForDoubtfulAccounts`	$483.00K	USD	1 Quarter
Workers compensation provision	`WorkersCompensationProvision`	$813.00K	USD	1 Quarter
Workers compensation provision	`WorkersCompensationProvision`	$645.00K	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$-2.99M	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$-1.24M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$10.15M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$13.53M	USD	1 Quarter
Prepaid expenses and income taxes	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$457.00K	USD	1 Quarter
Prepaid expenses and income taxes	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-8.22M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$712.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$5.83M	USD	1 Quarter
Accrued payroll and contract professional pay	`IncreaseDecreaseInAccruedSalaries`	$6.47M	USD	1 Quarter
Accrued payroll and contract professional pay	`IncreaseDecreaseInAccruedSalaries`	$144.00K	USD	1 Quarter
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-448.00K	USD	1 Quarter
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$11.23M	USD	1 Quarter
Workers compensation loss reserves	`IncreaseDecreaseInWorkersCompensationLiabilities`	$-493.00K	USD	1 Quarter
Workers compensation loss reserves	`IncreaseDecreaseInWorkersCompensationLiabilities`	$-747.00K	USD	1 Quarter
Other	`IncreaseDecreaseInOtherOperatingAssets`	$6.06M	USD	1 Quarter
Other	`IncreaseDecreaseInOtherOperatingAssets`	$1.99M	USD	1 Quarter
Net Cash Provided by Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$43.80M	USD	1 Quarter
Net Cash Provided by Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$54.73M	USD	1 Quarter
Cash paid for property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$6.79M	USD	1 Quarter
Cash paid for property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$6.20M	USD	1 Quarter
Other	`PaymentsForProceedsFromOtherInvestingActivities`	$-17.00K	USD	1 Quarter
Other	`PaymentsForProceedsFromOtherInvestingActivities`	$20.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-6.22M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-6.78M	USD	1 Quarter
Principal payments of long-term debt	`RepaymentsOfLongTermDebt`	$26.00M	USD	1 Quarter
Principal payments of long-term debt	`RepaymentsOfLongTermDebt`	$10.00M	USD	1 Quarter
Proceeds from long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	-	USD	1 Quarter
Proceeds from long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	$2.00M	USD	1 Quarter
Payments of Debt Issuance Costs	`PaymentsOfDebtIssuanceCosts`	-	USD	1 Quarter
Payments of Debt Issuance Costs	`PaymentsOfDebtIssuanceCosts`	$2.40M	USD	1 Quarter
Proceeds from option exercises and employee stock purchase plan	`ProceedsFromIssuanceOrSaleOfEquity`	$4.39M	USD	1 Quarter
Proceeds from option exercises and employee stock purchase plan	`ProceedsFromIssuanceOrSaleOfEquity`	$4.11M	USD	1 Quarter
Payment of employment taxes related to release of restricted stock awards	`PaymentsForOtherTaxes`	$2.06M	USD	1 Quarter
Payment of employment taxes related to release of restricted stock awards	`PaymentsForOtherTaxes`	$5.78M	USD	1 Quarter
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	$12.14M	USD	1 Quarter
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	-	USD	1 Quarter
Net Cash Used in Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$-7.67M	USD	1 Quarter
Net Cash Used in Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$-40.22M	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$151.00K	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$385.00K	USD	1 Quarter
Net Increase (Decrease) in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-3.04M	USD	1 Quarter
Net Increase (Decrease) in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$41.23M	USD	1 Quarter
Cash and Cash Equivalents at Beginning of Year	`CashAndCashEquivalentsAtCarryingValue`	$77.90M	USD	Point-in-time
Cash and Cash Equivalents at Beginning of Year	`CashAndCashEquivalentsAtCarryingValue`	$27.04M	USD	Point-in-time
Cash and Cash Equivalents at Beginning of Year	`CashAndCashEquivalentsAtCarryingValue`	$36.67M	USD	Point-in-time
Cash and Cash Equivalents at Beginning of Year	`CashAndCashEquivalentsAtCarryingValue`	$24.00M	USD	Point-in-time
Cash and Cash Equivalents at End of Period	`CashAndCashEquivalentsAtCarryingValue`	$77.90M	USD	Point-in-time
Cash and Cash Equivalents at End of Period	`CashAndCashEquivalentsAtCarryingValue`	$27.04M	USD	Point-in-time
Cash and Cash Equivalents at End of Period	`CashAndCashEquivalentsAtCarryingValue`	$36.67M	USD	Point-in-time
Cash and Cash Equivalents at End of Period	`CashAndCashEquivalentsAtCarryingValue`	$24.00M	USD	Point-in-time
Income taxes	`IncomeTaxesPaidNet`	$936.00K	USD	1 Quarter
Income taxes	`IncomeTaxesPaidNet`	$1.15M	USD	1 Quarter
Interest	`InterestPaidNet`	$7.49M	USD	1 Quarter
Interest	`InterestPaidNet`	$5.33M	USD	1 Quarter
Unpaid portion of additions to property and equipment	`CapitalExpendituresIncurredButNotYetPaid`	$2.33M	USD	1 Quarter
Unpaid portion of additions to property and equipment	`CapitalExpendituresIncurredButNotYetPaid`	$1.99M	USD	1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.