10-Q Filing

ASGN INC CIK: 890564 Q1 2019

Filing Information

Form Type	10-Q
Accession Number	`0000890564-19-000038`
Period End Date	20190331
Filing Date	20190510
Fiscal Year	2019
Fiscal Period	Q1
XBRL Instance	asgn2019033110-q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 84 Income Statement 38 Cash Flow Statement 68 Stockholders Equity 19

Balance Sheet 84 line items

Line Item	Tag	Value	Unit	Period
Preferred Stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	-	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$36.70M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$35.60M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$41.80M	USD	Point-in-time
Preferred Stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	-	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$77.90M	USD	Point-in-time
Preferred Stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$618.70M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$613.80M	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`	$11.40M	USD	Point-in-time
Prepaid expenses and income taxes	`PrepaidExpenseCurrent`	$16.90M	USD	Point-in-time
Preferred Stock, shares issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	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`	$15.20M	USD	Point-in-time
Workers' compensation receivable	`EstimatedInsuranceRecoveries`	$15.00M	USD	Point-in-time
Common Stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	-	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$4.30M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$5.00M	USD	Point-in-time
Common Stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	-	USD	Point-in-time
Common Stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	75.00M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$691.40M	USD	Point-in-time
Common Stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	75.00M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$686.30M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$79.10M	USD	Point-in-time
Common Stock, Shares	`CommonStockSharesIssued`	52.80M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$77.00M	USD	Point-in-time
Common Stock, Shares	`CommonStockSharesIssued`	52.50M	shares	Point-in-time
Operating lease right of use assets	`OperatingLeaseRightOfUseAsset`	-	USD	Point-in-time
Common Stock: shares outstanding (in shares)	`CommonStockSharesOutstanding`	52.80M	shares	Point-in-time
Operating lease right of use assets	`OperatingLeaseRightOfUseAsset`	$91.40M	USD	Point-in-time
Common Stock: shares outstanding (in shares)	`CommonStockSharesOutstanding`	52.50M	shares	Point-in-time
Identifiable intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$493.40M	USD	Point-in-time
Identifiable intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$488.70M	USD	Point-in-time
Goodwill	`Goodwill`	$1.42B	USD	Point-in-time
Goodwill	`Goodwill`	$1.45B	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$15.90M	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$12.60M	USD	Point-in-time
Total assets	`Assets`	$2.81B	USD	Point-in-time
Total assets	`Assets`	$2.69B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$27.80M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$43.10M	USD	Point-in-time
Accrued payroll and contract professional pay	`EmployeeRelatedLiabilitiesCurrent`	$194.80M	USD	Point-in-time
Accrued payroll and contract professional pay	`EmployeeRelatedLiabilitiesCurrent`	$188.20M	USD	Point-in-time
Workers compensation loss reserves	`WorkersCompensationLiabilityCurrent`	$17.30M	USD	Point-in-time
Workers compensation loss reserves	`WorkersCompensationLiabilityCurrent`	$17.40M	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityCurrent`	-	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$26.30M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$15.70M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$3.40M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$49.50M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$38.40M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$313.70M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$308.20M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$1.11B	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$1.10B	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$70.60M	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	-	USD	Point-in-time
Deferred income tax liabilities	`DeferredTaxLiabilitiesNoncurrent`	$79.70M	USD	Point-in-time
Deferred income tax liabilities	`DeferredTaxLiabilitiesNoncurrent`	$79.80M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$15.60M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$17.30M	USD	Point-in-time
Total liabilities	`Liabilities`	$1.51B	USD	Point-in-time
Total liabilities	`Liabilities`	$1.59B	USD	Point-in-time
Commitments and contingencies (Note 7)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 7)	`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`	$500.00K	USD	Point-in-time
Common stock, $0.01 par value	`CommonStockValue`	$500.00K	USD	Point-in-time
Paid-in capital	`AdditionalPaidInCapitalCommonStock`	$601.80M	USD	Point-in-time
Paid-in capital	`AdditionalPaidInCapitalCommonStock`	$613.20M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$586.10M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$621.00M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-7.40M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-6.30M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$991.40M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$1.18B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$1.23B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$1.03B	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$2.81B	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$2.69B	USD	Point-in-time

Income Statement 38 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	$685.20M	USD	1 Quarter
Revenues	`Revenues`	$923.70M	USD	1 Quarter
Cost of services	`CostOfGoodsAndServicesSold`	$659.80M	USD	1 Quarter
Cost of services	`CostOfGoodsAndServicesSold`	$467.50M	USD	1 Quarter
Gross profit	`GrossProfit`	$217.70M	USD	1 Quarter
Gross profit	`GrossProfit`	$263.90M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$164.40M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$187.40M	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$7.60M	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$13.80M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$45.70M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$62.70M	USD	1 Quarter
Interest expense	`InterestExpense`	$14.50M	USD	1 Quarter
Interest expense	`InterestExpense`	$6.60M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$39.10M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$48.20M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$13.30M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$9.90M	USD	1 Quarter
Income from continuing operations	`IncomeLossFromContinuingOperations`	$34.90M	USD	1 Quarter
Income from continuing operations	`IncomeLossFromContinuingOperations`	$29.20M	USD	1 Quarter
Loss from discontinued operations, net of income taxes	`IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity`	$-100.00K	USD	1 Quarter
Loss from discontinued operations, net of income taxes	`IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity`	-	USD	1 Quarter
Net income	`NetIncomeLoss`	$29.10M	USD	1 Quarter
Net income	`NetIncomeLoss`	$34.90M	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.66	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.56	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.55	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.66	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	52.20M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	52.60M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	53.20M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	52.80M	shares	1 Quarter
Net income	`NetIncomeLoss`	$29.10M	USD	1 Quarter
Net income	`NetIncomeLoss`	$34.90M	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$1.50M	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-1.10M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$30.60M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$33.80M	USD	1 Quarter

Cash Flow Statement 68 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$29.10M	USD	1 Quarter
Net income	`NetIncomeLoss`	$34.90M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$14.40M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$23.50M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$4.90M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$9.50M	USD	1 Quarter
Allowance for doubtful accounts	`ProvisionForDoubtfulAccounts`	$600.00K	USD	1 Quarter
Allowance for doubtful accounts	`ProvisionForDoubtfulAccounts`	$500.00K	USD	1 Quarter
Workers compensation provision	`WorkersCompensationProvision`	$600.00K	USD	1 Quarter
Workers compensation provision	`WorkersCompensationProvision`	$800.00K	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$-1.50M	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$-1.20M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-4.60M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$13.50M	USD	1 Quarter
Prepaid expenses and income taxes	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$6.90M	USD	1 Quarter
Prepaid expenses and income taxes	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-8.20M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-17.30M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$5.80M	USD	1 Quarter
Accrued payroll and contract professional pay	`IncreaseDecreaseInAccruedSalaries`	$6.50M	USD	1 Quarter
Accrued payroll and contract professional pay	`IncreaseDecreaseInAccruedSalaries`	$-7.80M	USD	1 Quarter
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$12.30M	USD	1 Quarter
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-400.00K	USD	1 Quarter
Workers compensation loss reserves	`IncreaseDecreaseInWorkersCompensationLiabilities`	$-900.00K	USD	1 Quarter
Workers compensation loss reserves	`IncreaseDecreaseInWorkersCompensationLiabilities`	$-700.00K	USD	1 Quarter
Operating lease right of use assets	`IncreaseDecreaseInOperatingRightofUseAsset`	$6.80M	USD	1 Quarter
Operating lease right of use assets	`IncreaseDecreaseInOperatingRightofUseAsset`	-	USD	1 Quarter
Operating lease liabilities	`IncreaseDecreaseInOperatingLeaseLiability`	-	USD	1 Quarter
Operating lease liabilities	`IncreaseDecreaseInOperatingLeaseLiability`	$6.80M	USD	1 Quarter
Other	`IncreaseDecreaseInOtherOperatingAssets`	$2.10M	USD	1 Quarter
Other	`IncreaseDecreaseInOtherOperatingAssets`	$10.60M	USD	1 Quarter
Net Cash Provided by Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$44.00M	USD	1 Quarter
Net Cash Provided by Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$54.70M	USD	1 Quarter
Cash paid for property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$7.50M	USD	1 Quarter
Cash paid for property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$6.20M	USD	1 Quarter
Cash paid for acquisitions, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	-	USD	1 Quarter
Cash paid for acquisitions, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$48.80M	USD	1 Quarter
Other	`PaymentsForProceedsFromOtherInvestingActivities`	$700.00K	USD	1 Quarter
Other	`PaymentsForProceedsFromOtherInvestingActivities`	-	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-57.00M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-6.20M	USD	1 Quarter
Proceeds from long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	$44.00M	USD	1 Quarter
Proceeds from long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	-	USD	1 Quarter
Principal payments of long-term debt	`RepaymentsOfLongTermDebt`	$38.00M	USD	1 Quarter
Principal payments of long-term debt	`RepaymentsOfLongTermDebt`	$10.00M	USD	1 Quarter
Proceeds from option exercises and employee stock purchase plan	`ProceedsFromIssuanceOrSaleOfEquity`	$6.90M	USD	1 Quarter
Proceeds from option exercises and employee stock purchase plan	`ProceedsFromIssuanceOrSaleOfEquity`	$4.40M	USD	1 Quarter
Payment of employment taxes related to release of restricted stock awards	`PaymentsForOtherTaxes`	$2.10M	USD	1 Quarter
Payment of employment taxes related to release of restricted stock awards	`PaymentsForOtherTaxes`	$5.50M	USD	1 Quarter
Net Cash provided by (used in) Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$-7.70M	USD	1 Quarter
Net Cash provided by (used in) Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$7.40M	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$400.00K	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-600.00K	USD	1 Quarter
Net Increase (Decrease) in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$41.20M	USD	1 Quarter
Net Increase (Decrease) in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-6.20M	USD	1 Quarter
Cash and Cash Equivalents at Beginning of Year	`CashAndCashEquivalentsAtCarryingValue`	$36.70M	USD	Point-in-time
Cash and Cash Equivalents at Beginning of Year	`CashAndCashEquivalentsAtCarryingValue`	$35.60M	USD	Point-in-time
Cash and Cash Equivalents at Beginning of Year	`CashAndCashEquivalentsAtCarryingValue`	$41.80M	USD	Point-in-time
Cash and Cash Equivalents at Beginning of Year	`CashAndCashEquivalentsAtCarryingValue`	$77.90M	USD	Point-in-time
Cash and Cash Equivalents at End of Period	`CashAndCashEquivalentsAtCarryingValue`	$36.70M	USD	Point-in-time
Cash and Cash Equivalents at End of Period	`CashAndCashEquivalentsAtCarryingValue`	$35.60M	USD	Point-in-time
Cash and Cash Equivalents at End of Period	`CashAndCashEquivalentsAtCarryingValue`	$41.80M	USD	Point-in-time
Cash and Cash Equivalents at End of Period	`CashAndCashEquivalentsAtCarryingValue`	$77.90M	USD	Point-in-time
Income taxes	`IncomeTaxesPaidNet`	$1.10M	USD	1 Quarter
Income taxes	`IncomeTaxesPaidNet`	$1.60M	USD	1 Quarter
Interest	`InterestPaidNet`	$12.80M	USD	1 Quarter
Interest	`InterestPaidNet`	$5.30M	USD	1 Quarter
Unpaid portion of additions to property and equipment	`CapitalExpendituresIncurredButNotYetPaid`	$1.20M	USD	1 Quarter
Unpaid portion of additions to property and equipment	`CapitalExpendituresIncurredButNotYetPaid`	$2.00M	USD	1 Quarter

Stockholders Equity 19 line items

Line Item	Tag	Value	Unit	Period
Total stockholders equity	`StockholdersEquity`	$991.40M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$1.18B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$1.23B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$1.03B	USD	Point-in-time
Vesting of restricted stock units, value	`StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures`	$-5.50M	USD	1 Quarter
Vesting of restricted stock units, value	`StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures`	$-1.00M	USD	1 Quarter
Employee stock purchase plan, value	`StockIssuedDuringPeriodValueEmployeeStockPurchasePlan`	$4.30M	USD	1 Quarter
Employee stock purchase plan, value	`StockIssuedDuringPeriodValueEmployeeStockPurchasePlan`	$6.90M	USD	1 Quarter
Exercise of stock options, value	`StockIssuedDuringPeriodValueStockOptionsExercised`	$100.00K	USD	1 Quarter
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$10.00M	USD	1 Quarter
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$4.90M	USD	1 Quarter
Translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$1.50M	USD	1 Quarter
Translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-1.10M	USD	1 Quarter
Net income	`NetIncomeLoss`	$29.10M	USD	1 Quarter
Net income	`NetIncomeLoss`	$34.90M	USD	1 Quarter
Total stockholders equity	`StockholdersEquity`	$991.40M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$1.18B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$1.23B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$1.03B	USD	Point-in-time

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