Segment Information | SEGMENT INFORMATION The Company changed its reportable segments during the first quarter of 2015 to reflect the current operating structure. Accordingly, all prior periods have been recast to reflect the current segment presentation. The Company has five reportable segments: Tech & Clearance, Finance, Energy, Healthcare and Hospitality. The Tech & Clearance reportable segment includes the Dice, ClearanceJobs, and Dice Europe services, as well as career fairs. The Finance reportable segment includes the eFinancialCareers service worldwide. The Energy reportable segment includes the Rigzone service, OilCareers service (from the date of acquisition through March 2015, when the OilCareers recruitment site was merged into Rigzone) and career fairs. The Healthcare reportable segment includes Health eCareers and BioSpace services. The Hospitality reportable segment includes Hcareers. Management has organized its reportable segments based upon the industry verticals served. Each of the reportable segments generates significant revenue from sales of recruitment packages and related services. The Company has other services and activities that individually are not more than 10% of consolidated revenues, operating income or total assets. These include Slashdot Media, WorkDigital, BrightMatter and IT Media and are reported in the “Corporate & Other” category, along with corporate-related costs which are not considered in a segment. The Company’s foreign operations are comprised of the Dice Europe operations and a portion of the eFinancialCareers and Rigzone services, which operate in Europe, the financial centers of the gulf region of the Middle East and Asia Pacific. The Company’s foreign operations also include Hcareers, which operates in Canada. Revenue by geographic region, as shown in the table below, is based on the location of the Company’s subsidiary. The following table shows the segment information (in thousands): 2015 2014 2013 By Segment: Revenues: Tech & Clearance $ 138,553 $ 133,609 $ 130,969 Finance 36,408 36,661 34,997 Energy 21,036 30,449 23,503 Healthcare 30,762 26,913 5,563 Hospitality 15,954 13,656 1,389 Corporate & Other 17,056 21,327 17,061 Total revenues $ 259,769 $ 262,615 $ 213,482 Depreciation: Tech & Clearance $ 6,495 $ 6,280 $ 5,254 Finance 548 578 523 Energy 192 178 119 Healthcare 1,599 2,639 729 Hospitality 175 261 45 Corporate & Other 289 1,008 1,395 Total depreciation $ 9,298 $ 10,944 $ 8,065 Amortization: Tech & Clearance $ 3,460 $ 3,838 $ 1,703 Finance 38 76 425 Energy 6,211 5,767 3,100 Healthcare 1,758 3,665 1,285 Hospitality 1,930 2,273 389 Corporate & Other 497 638 2,434 Total amortization $ 13,894 $ 16,257 $ 9,336 2015 2014 2013 Operating income (loss): Tech & Clearance $ 49,888 $ 48,441 $ 59,526 Finance 7,419 6,523 6,790 Energy (36,727 ) 6,214 6,275 Healthcare (150 ) (4,817 ) (4,773 ) Hospitality 4,917 2,258 (1,036 ) Corporate & Other (18,992 ) (12,015 ) (37,576 ) Operating income 6,355 46,604 29,206 Interest expense (3,289 ) (3,744 ) (1,906 ) Interest income — — 30 Other income (expense) (25 ) (11 ) (35 ) Income before income taxes $ 3,041 $ 42,849 $ 27,295 Capital expenditures: Tech & Clearance $ 5,652 $ 5,611 $ 8,183 Finance 608 671 314 Energy 354 157 403 Healthcare 2,350 1,548 701 Hospitality 66 42 — Corporate & Other 208 513 1,527 Total capital expenditures $ 9,238 $ 8,542 $ 11,128 By Geography: Revenues: United States $ 185,847 $ 187,427 $ 169,662 EMEA (1) 46,139 52,446 33,651 APAC and Canada (2) 27,783 22,742 10,169 Non-United States 73,922 75,188 43,820 Total revenues $ 259,769 $ 262,615 $ 213,482 (1) Europe, the Middle East and Africa (“EMEA”) (2) Asia-Pacific (“APAC”) December 31, December 31, December 31, Total assets: Tech & Clearance $ 177,519 $ 185,547 $ 180,366 Finance 75,191 69,960 89,213 Energy 34,406 85,042 52,374 Healthcare 19,669 20,794 28,679 Hospitality 38,979 33,742 38,600 Corporate & Other 24,735 28,871 31,409 Total assets $ 370,499 $ 423,956 $ 420,641 The following table shows the carrying amount of goodwill by reportable segment as of December 31, 2015 and 2014 and the changes in goodwill for the years ended (in thousands): Tech & Clearance Finance Energy Healthcare Hospitality Corporate & Other Total Goodwill at January 1, 2014 Goodwill $ 96,519 $ 63,467 $ 35,104 $ 7,714 $ 17,456 $ 24,871 $ 245,131 Accumulated impairment losses — (7,213 ) — (1,445 ) — (6,283 ) (14,941 ) $ 96,519 $ 56,254 $ 35,104 $ 6,269 $ 17,456 $ 18,588 $ 230,190 Goodwill acquired during the year — — 15,078 — — — 15,078 Foreign currency translation adjustment (573 ) (2,781 ) 5 — (1,585 ) (1,078 ) (6,012 ) Goodwill at December 31, 2014 Goodwill $ 95,946 $ 60,686 $ 50,187 $ 7,714 $ 15,871 $ 23,793 $ 254,197 Accumulated impairment losses — (7,213 ) — (1,445 ) — (6,283 ) (14,941 ) $ 95,946 $ 53,473 $ 50,187 $ 6,269 $ 15,871 $ 17,510 $ 239,256 Impairment losses — — (34,818 ) — — — (34,818 ) Foreign currency translation adjustment (423 ) (2,058 ) — — (2,559 ) (800 ) (5,840 ) Goodwill at December 31, 2015 Goodwill $ 95,523 $ 58,628 $ 50,187 $ 7,714 $ 13,312 $ 22,993 $ 248,357 Accumulated impairment losses — (7,213 ) (34,818 ) (1,445 ) — (6,283 ) (49,759 ) $ 95,523 $ 51,415 $ 15,369 $ 6,269 $ 13,312 $ 16,710 $ 198,598 Goodwill impairment of $34.8 million was recorded during the year ended December 31, 2015 at the Energy segment. Goodwill acquired during the year ended December 31, 2014 was the result of the OilCareers acquisition. |