| Segment Information |
Our segment information is as follows (in thousands):
For the years ended December 31, |
|
|
|
|
|
|
|
|
|
| |
|
2014 |
|
|
2013 |
|
|
2012 |
|
Revenues: |
|
|
|
|
|
|
|
|
|
Supply Chain Management Group |
|
$ |
172,482 |
|
|
$ |
154,702 |
|
|
$ |
143,014 |
|
International Group |
|
|
106,369 |
|
|
|
146,908 |
|
|
|
167,193 |
|
Federal Group |
|
|
84,392 |
|
|
|
95,435 |
|
|
|
142,323 |
|
IT, Energy and Management Consulting Group |
|
|
60,828 |
|
|
|
74,593 |
|
|
|
94,225 |
|
Total revenues |
|
$ |
424,071 |
|
|
$ |
471,638 |
|
|
$ |
546,755 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
Operating income: |
|
|
|
|
|
|
|
|
|
|
|
|
Supply Chain Management Group |
|
$ |
29,694 |
|
|
$ |
27,299 |
|
|
$ |
24,014 |
|
International Group |
|
|
3,795 |
|
|
|
7,069 |
|
|
|
6,052 |
|
Federal Group |
|
|
(343 |
) |
|
|
2,400 |
|
|
|
10,418 |
|
IT, Energy and Management Consulting Group |
|
|
6,634 |
|
|
|
9,061 |
|
|
|
11,816 |
|
Corporate |
|
|
(2,850 |
) |
|
|
(1,726 |
) |
|
|
(1,224 |
) |
Operating income |
|
$ |
36,930 |
|
|
$ |
44,103 |
|
|
$ |
51,076 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
Depreciation and amortization expense: |
|
|
|
|
|
|
|
|
|
|
|
|
Supply Chain Management Group |
|
$ |
5,373 |
|
|
$ |
4,265 |
|
|
$ |
9,891 |
|
International Group |
|
|
5,713 |
|
|
|
7,323 |
|
|
|
3,035 |
|
Federal Group |
|
|
5,607 |
|
|
|
6,033 |
|
|
|
3,116 |
|
IT, Energy and Management Consulting Group |
|
|
2,077 |
|
|
|
2,387 |
|
|
|
3,753 |
|
Total depreciation and amortization |
|
$ |
18,770 |
|
|
$ |
20,008 |
|
|
$ |
19,795 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
Capital expenditures: |
|
|
|
|
|
|
|
|
|
|
|
|
Supply Chain Management Group |
|
$ |
2,524 |
|
|
$ |
895 |
|
|
$ |
341 |
|
International Group |
|
|
- |
|
|
|
236 |
|
|
|
83 |
|
Federal Group |
|
|
230 |
|
|
|
1,211 |
|
|
|
763 |
|
IT, Energy and Management Consulting Group |
|
|
199 |
|
|
|
71 |
|
|
|
53 |
|
Corporate |
|
|
461 |
|
|
|
2,003 |
|
|
|
19,623 |
|
Total capital expenditures |
|
$ |
3,414 |
|
|
$ |
4,416 |
|
|
$ |
20,863 |
|
|
|
December 31, |
|
|
|
2014 |
|
|
2013 |
|
Total assets: |
|
|
|
|
|
|
Supply Chain Management Group |
|
$ |
192,720 |
|
|
$ |
185,976 |
|
International Group |
|
|
17,235 |
|
|
|
33,355 |
|
Federal Group |
|
|
18,990 |
|
|
|
20,846 |
|
IT, Energy and Management Consulting Group |
|
|
49,790 |
|
|
|
57,610 |
|
Corporate |
|
|
76,595 |
|
|
|
82,742 |
|
Total assets |
|
$ |
355,330 |
|
|
$ |
380,529 |
|
|
| Revenue by Customer |
Our revenues are derived from contract services performed for DoD agencies or federal civilian agencies and from the delivery of products to our clients. The USPS, U.S. Army and Army Reserve, and U.S. Navy are our largest customers. Our customers also include various other government agencies and commercial entities. Our revenue by customer is as follows for the years ended December 31, (in thousands):
|
Revenues by Customer
(dollars in thousands)
Years ended December 31,
|
|
Customer |
|
2014 |
|
|
% |
|
|
2013 |
|
|
% |
|
|
2012 |
|
|
% |
|
U.S. Army/Army Reserve |
|
$ |
101,714 |
|
|
|
24.0 |
% |
|
$ |
101,736 |
|
|
|
21.6 |
% |
|
$ |
182,412 |
|
|
|
33.4 |
% |
U.S. Navy |
|
|
88,007 |
|
|
|
20.7 |
% |
|
|
123,307 |
|
|
|
26.1 |
% |
|
|
120,867 |
|
|
|
22.1 |
% |
U.S. Air Force |
|
|
3,323 |
|
|
|
0.8 |
% |
|
|
3,625 |
|
|
|
0.8 |
% |
|
|
6,963 |
|
|
|
1.3 |
% |
Total - DoD |
|
|
193,044 |
|
|
|
45.5 |
% |
|
|
228,668 |
|
|
|
48.5 |
% |
|
|
310,242 |
|
|
|
56.8 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
U.S. Postal Service |
|
|
167,268 |
|
|
|
39.4 |
% |
|
|
142,203 |
|
|
|
30.1 |
% |
|
|
130,866 |
|
|
|
23.9 |
% |
Department of Energy |
|
|
19,000 |
|
|
|
4.5 |
% |
|
|
20,124 |
|
|
|
4.3 |
% |
|
|
20,898 |
|
|
|
3.8 |
% |
Department of Treasury |
|
|
10,897 |
|
|
|
2.6 |
% |
|
|
35,929 |
|
|
|
7.6 |
% |
|
|
33,369 |
|
|
|
6.1 |
% |
Department of Interior |
|
|
1,431 |
|
|
|
0.3 |
% |
|
|
1,545 |
|
|
|
0.3 |
% |
|
|
16,884 |
|
|
|
3.1 |
% |
Other government |
|
|
28,751 |
|
|
|
6.8 |
% |
|
|
40,919 |
|
|
|
8.7 |
% |
|
|
32,231 |
|
|
|
5.9 |
% |
Total – Federal civilian agencies |
|
|
227,347 |
|
|
|
53.6 |
% |
|
|
240,720 |
|
|
|
51.0 |
% |
|
|
234,248 |
|
|
|
42.8 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial |
|
|
3,680 |
|
|
|
0.9 |
% |
|
|
2,250 |
|
|
|
0.5 |
% |
|
|
2,265 |
|
|
|
0.4 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total |
|
$ |
424,071 |
|
|
|
100.0 |
% |
|
$ |
471,638 |
|
|
|
100.0 |
% |
|
$ |
546,755 |
|
|
|
100.0 |
% |
|