ASGN (ASGN) 10-Q 9 Aug 21 2021 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares shares in Millions	6 Months Ended
	Jun. 30, 2021	Jul. 31, 2021
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2021
Document Transition Report	false
Entity File Number	001-35636
Entity Registrant Name	ASGN Inc
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	95-4023433
Entity Address, Address Description	4400 Cox Road, Suite 110
Entity Address, City or Town	Glen Allen
Entity Address, State or Province	VA
Entity Address, Postal Zip Code	23060
City Area Code	888
Local Phone Number	482-8068
Title of 12(b) Security	Common Stock
Trading Symbol	ASGN
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding (in shares)		52.9
Entity Central Index Key	0000890564
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	Q2
Amendment Flag	false

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Jun. 30, 2021	Dec. 31, 2020
Current assets:
Cash and cash equivalents	$ 375.4	$ 274.4
Accounts receivable, net	624.7	602.8
Prepaid expenses and income taxes	12.7	22.5
Current assets held for sale	341.9	77.4
Other current assets	16.9	17.3
Total current assets	1,371.6	994.4
Property and equipment, net	54.2	54.9
Operating lease right-of-use assets	60.6	73
Identifiable intangible assets, net	475.5	469.9
Goodwill	1,475.5	1,420.7
Non-current assets held for sale	0	244.5
Other non-current assets	21.4	20.6
Total assets	3,458.8	3,278
Current liabilities:
Accounts payable	33.1	38.3
Accrued payroll and contract professional pay	278.5	238.5
Operating lease liabilities	22.6	24.3
Current liabilities held for sale	62.1	39.7
Other current liabilities	102.1	75.4
Total current liabilities	498.4	416.2
Long-term debt	1,033.7	1,033.4
Operating lease liabilities	44	55.4
Deferred income tax liabilities	108.5	108.5
Long-term liabilities held for sale	0	11.5
Other long-term liabilities	54.4	65.9
Total liabilities	1,739	1,690.9
Commitments and contingencies (Note 6)
Stockholders’ equity:
Preferred Stock, Value, Issued	0	0
Common Stock, Value, Issued	0.5	0.5
Paid-in capital	683	661.3
Retained earnings	1,039.2	926.3
Accumulated other comprehensive loss	(2.9)	(1)
Total stockholders’ equity	1,719.8	1,587.1
Total liabilities and stockholders’ equity	$ 3,458.8	$ 3,278

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares shares in Millions	Jun. 30, 2021	Dec. 31, 2020
Preferred Stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred Stock, shares authorized (in shares)	1	1
Preferred Stock, shares issued (in shares)	0	0
Common Stock, Shares Outstanding	53.2	52.9
Common Stock, shares authorized (in shares)	75	75
Common Stock, par value (in dollars per share)	$ 0.01	$ 0.01

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME - USD ($) shares in Millions, $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Revenues	$ 974.9	$ 831.9	$ 1,881.9	$ 1,697.3
Cost of services	698.6	604.4	1,361.9	1,227.2
Gross profit	276.3	227.5	520	470.1
Selling, general and administrative expenses	176.4	146	340.7	311.9
Amortization of intangible assets	12	12.4	24	24.4
Operating income	87.9	69.1	155.3	133.8
Interest expense	(9.4)	(9.7)	(18.6)	(21.1)
Income before income taxes	78.5	59.4	136.7	112.7
Provision for income taxes	21.2	15.9	36.6	30.1
Net Income from Continuing Operations	57.3	43.5	100.1	82.6
Income from discontinued operations, net of income taxes	6.9	5.3	12.8	10
Net income	$ 64.2	$ 48.8	$ 112.9	$ 92.6
Basic
Earnings Per Share Basic Continuing Operation	$ 1.08	$ 0.83	$ 1.89	$ 1.57
Earnings Per Share Basic Discontinued Operations	0.13	0.10	0.24	0.19
Basic earnings per share:	1.21	0.93	2.13	1.76
Diluted
Earnings Per Share Diluted Continuing Operation	1.06	0.82	1.86	1.56
Earnings Per Share Diluted Discontinued Operations	0.13	0.10	0.24	0.18
Diluted earnings per share:	$ 1.19	$ 0.92	$ 2.10	$ 1.74
Number of shares and share equivalents used to calculate earnings per share:
Weighted-average number of common shares outstanding - basic	53.2	52.5	53.1	52.7
Diluted	53.9	53	53.8	53.1
Reconciliation of net income to comprehensive income:
Net income	$ 64.2	$ 48.8	$ 112.9	$ 92.6
Foreign currency translation adjustment	1.3	1.6	(1.9)	(0.9)
Comprehensive income	$ 65.5	$ 50.4	$ 111	$ 91.7

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDER'S EQUITY - USD ($) shares in Millions, $ in Millions	Total	Common Stock	Paid-in Capital	Retained Earnings	Other
Common Stock, Shares		52.9
Total stockholders’ equity at Dec. 31, 2019	$ 1,376.2	$ 0.5	$ 638	$ 744.7	$ (7)
Employee stock purchase plan, shares		0.4
Employee stock purchase plan, value	5.9		5.9
Stock-based compensation expense	17.1		17.1
Stock Repurchased and Retired During Period, Shares		(0.8)
Stock Repurchased and Retired During Period, Value	(27.9)		(9.2)	(18.7)
Foreign currency translation adjustments	(0.9)				(0.9)
Net income	92.6			92.6
Shares Outstanding at Jun. 30, 2020		52.5
Total stockholders’ equity at Jun. 30, 2020	1,457.1	$ 0.5	645.9	818.6	(7.9)
Share-based Payment Arrangement, Decrease for Tax Withholding Obligation	(5.9)		(5.9)
Vesting of restricted stock units, shares		0
Common Stock, Shares		52.4
Total stockholders’ equity at Mar. 31, 2020	1,399.5	$ 0.5	638.7	769.8	(9.5)
Employee stock purchase plan, shares		0.1
Employee stock purchase plan, value	0		0
Stock-based compensation expense	8.2		8.2
Foreign currency translation adjustments	1.6				1.6
Net income	48.8			48.8
Shares Outstanding at Jun. 30, 2020		52.5
Total stockholders’ equity at Jun. 30, 2020	1,457.1	$ 0.5	645.9	818.6	(7.9)
Share-based Payment Arrangement, Decrease for Tax Withholding Obligation	(1)		(1)
Vesting of restricted stock units, shares		0
Total stockholders’ equity at Dec. 31, 2020	1,587.1	$ 0.5	661.3	926.3	(1)
Employee stock purchase plan, shares		0.3
Employee stock purchase plan, value	7.7		7.7
Stock-based compensation expense	21.1		21.1
Foreign currency translation adjustments	(1.9)				(1.9)
Net income	112.9			112.9
Shares Outstanding at Jun. 30, 2021		53.2
Total stockholders’ equity at Jun. 30, 2021	1,719.8	$ 0.5	683	1,039.2	(2.9)
Share-based Payment Arrangement, Decrease for Tax Withholding Obligation	(7.1)		(7.1)
Vesting of restricted stock units, shares		0
Common Stock, Shares		53.2
Total stockholders’ equity at Mar. 31, 2021	1,645.8	$ 0.5	674.5	975	(4.2)
Stock-based compensation expense	10.8		10.8
Foreign currency translation adjustments	1.3				1.3
Net income	64.2			64.2
Shares Outstanding at Jun. 30, 2021		53.2
Total stockholders’ equity at Jun. 30, 2021	1,719.8	$ 0.5	683	$ 1,039.2	$ (2.9)
Share-based Payment Arrangement, Decrease for Tax Withholding Obligation	$ (2.3)		$ (2.3)
Vesting of restricted stock units, shares		0

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Cash Flows from Operating Activities
Net income	$ 112.9	$ 92.6
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	43.4	43
Stock-based compensation	21.1	16.9
Other	2.8	3.5
Changes in operating assets and liabilities:
Accounts receivable	(36)	40.5
Prepaid expenses and income taxes	6.8	13.5
Accounts payable	(5.8)	(0.2)
Accrued payroll and contract professional pay	50.5	(0.1)
Income taxes payable	17.3	16.7
Other	(8.3)	23.8
Net cash provided by operating activities	204.7	250.2
Cash Flows from Investing Activities:
Cash paid for property and equipment	(17.6)	(22.6)
Cash paid for acquisitions, net of cash acquired	(85.8)	(85.5)
Other	0	(0.3)
Net cash used in investing activities	(103.4)	(108.4)
Cash Flows from Financing Activities:
Proceeds from long-term debt	0	65.5
Principal payments of long-term debt	0	(65.5)
Debt issuance and amendment costs	(0.5)	(1.3)
Proceeds from option exercises and employee stock purchase plan	7.7	5.9
Payment of employment taxes related to release of restricted stock awards	(7.1)	(5.9)
Repurchase of common stock	0	(27.9)
Net cash provided by (used in) financing activities	0.1	(29.2)
Effect of exchange rate changes on cash and cash equivalents	(0.4)	0.1
Net Increase in Cash and Cash Equivalents	101	112.7
Cash and Cash Equivalents at Beginning of Year	274.4	95.2
Cash and Cash Equivalents at End of Period	375.4	207.9
Supplemental Disclosure of Cash Flow Information Cash paid for:
Income Taxes Paid	17.7	5.3
Interest	17.6	19.7
Operating leases	17.2	16.5
Noncash transactions —
Operating lease right of use assets obtained in exchange for operating lease liabilities	$ 1.5	$ 10.4

General (Notes)

General (Notes)	6 Months Ended
	Jun. 30, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Financial Statement Presentation	Basis of presentation — The accompanying unaudited financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America ("GAAP") and the rules of the Securities and Exchange Commission. Certain information and note disclosures normally included in annual financial statements prepared in accordance with GAAP have been condensed or omitted pursuant to those rules and regulations. The December 31, 2020 balance sheet was derived from audited financial statements. The financial statements include adjustments consisting of normal recurring items, which, in the opinion of management, are necessary for a fair presentation of the financial position of ASGN Incorporated and its subsidiaries ("ASGN" or the "Company") and its results of operations for the interim dates and periods set forth herein. The results for any of the interim periods are not necessarily indicative of the results to be expected for the full year or any other period. This Quarterly Report on Form 10-Q should be read in conjunction with the Company’s Annual Report on Form 10-K for the year ended December 31, 2020 ("2020 10-K"). Retrospective reclassifications have been made to prior period financial statements and disclosures to present the Oxford Global Resources business unit ("Oxford business") as discontinued operations (see Note 2. Assets Held for Sale and Discontinued Operations).

Discontinued Operations and Dis

Discontinued Operations and Disposal Groups	6 Months Ended
	Jun. 30, 2021
Discontinued Operations and Disposal Groups [Abstract]
Disposal Groups, Including Discontinued Operations, Disclosure	Assets Held for Sale and Discontinued Operations On June 30, 2021, ASGN entered into a definitive agreement to sell its Oxford business to an affiliate of H.I.G. Capital for $525.0 million in cash (approximately $415.0 million in estimated net proceeds after income taxes). The sale is expected to close in August 2021. The sale of the Oxford business is a strategic shift that provides for the redeployment of capital on acquisitions of businesses that enhance ASGN's consulting capabilities and services in the commercial and federal government sectors. As a result of the decision to divest the Oxford business, the financial results of that business are reported as discontinued operations in the accompanying statements of operations, and its assets and liabilities are reflected as amounts held for sale in the accompanying balance sheets. The Company's reporting segments have also been changed for the effects of the planned divestiture, as described in Note 9. Segment Reporting . The following table presents the major classes of assets and liabilities of the Oxford business that are classified as held for sale in the accompanying balance sheets (in millions). June 30, 2021 December 31, 2020 Accounts receivable, net $ 96.2 $ 75.9 Prepaid expenses and income taxes 4.0 0.8 Other current assets 1.0 0.7 Property and equipment, net 13.5 14.5 Operating lease right-of-use assets 9.5 11.9 Identifiable intangible assets, net 17.7 18.0 Goodwill 197.0 197.7 Other non-current assets 3.0 2.4 Total assets held for sale $ 341.9 $ 321.9 Accounts payable $ 1.8 $ 1.5 Accrued payroll and contract professional pay 39.3 27.5 Operating lease liabilities 4.2 5.1 Other current liabilities 7.3 5.6 Operating lease liabilities, long-term 5.7 7.5 Other long-term liabilities 3.8 4.0 Total liabilities held for sale $ 62.1 $ 51.2 The following table summarizes the results of operations of the Oxford business that are being reported as discontinued operations (in millions): Three Months Ended Six Months Ended June 30, June 30, 2021 2020 2021 2020 Revenues $ 134.1 $ 104.9 $ 252.8 $ 230.0 Costs of services 92.6 71.6 174.0 158.4 Gross profit 41.5 33.3 78.8 71.6 Selling, general and administrative expenses 32.9 26.2 62.5 58.1 Amortization of intangible assets 0.1 0.2 0.3 0.3 Income before income taxes 8.5 6.9 16.0 13.2 Provision for income taxes 1.6 1.6 3.2 3.2 Income from discontinued operations, net of income taxes $ 6.9 $ 5.3 $ 12.8 $ 10.0 Select cash flow information related to the Oxford business follows (in millions): Six Months Ended June 30, 2021 2020 Net cash provided by operating activities $ 11.5 $ 28.4 Net cash used in investing activities (3.2) (12.4)

Acquisitions (Notes)

Acquisitions (Notes)	6 Months Ended
	Jun. 30, 2021
Business Combinations [Abstract]
Acquisitions	Since the beginning of 2020, the Company acquired five consulting services businesses for $272.0 million in aggregate purchase consideration. These acquisitions increased the Company's investment in IT consulting in its Federal Government and Commercial Segments. None of these acquisitions were material individually or in the aggregate. At June 30, 2021 , the Company had not finalized the determination of fair values allocated to the assets and liabilities for certain of these acquisitions.

Goodwill and Identifiable Asset

Goodwill and Identifiable Assets (Notes)	6 Months Ended
	Jun. 30, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Identifiable Intangible Assets	Goodwill and Identifiable Intangible Assets The following table summarizes the activity related to the carrying amount of goodwill by reportable segment since December 31, 2019 (in millions). For the businesses acquired since 2019, goodwill deductible for income tax purposes was approximately $124.3 million. See Note 9. Segment Reporting for more information on the change in our reportable segments. Commercial Federal Government Total Balance as of December 31, 2019 $ 738.4 $ 552.9 $ 1,291.3 2020 acquisitions 40.3 89.2 129.5 Translation adjustment (0.1) — (0.1) Balance as of December 31, 2020 778.6 642.1 1,420.7 2021 acquisitions 51.3 — 51.3 Purchase price adjustments — 3.5 3.5 Balance as of June 30, 2021 $ 829.9 $ 645.6 $ 1,475.5 ___________________ Note: For the 2021 and 2020 acquisitions, approximately $47.2 million and $77.1 million of the goodwill was deductible for income tax purposes, respectively. Acquired intangible assets consisted of the following (in millions): June 30, 2021 December 31, 2020 Estimated Useful Life in Years Gross Carrying Amount Accumulated Amortization Net Carrying Amount Gross Carrying Amount Accumulated Amortization Net Carrying Amount Customer and contractual relationships 7.3 - 12.8 $ 457.4 $ 232.6 $ 224.8 $ 428.0 $ 211.3 $ 216.7 Contractor relationships 4.0 45.5 45.4 0.1 45.5 45.3 0.2 Contract Backlog 1.0 - 2.8 29.3 28.9 0.4 29.3 28.5 0.8 Non-compete agreements 1.0 - 7.0 27.2 19.6 7.6 27.0 17.4 9.6 559.4 326.5 232.9 529.8 302.5 227.3 Not subject to amortization: Trademarks 242.6 — 242.6 242.6 — 242.6 Total $ 802.0 $ 326.5 $ 475.5 $ 772.4 $ 302.5 $ 469.9 Estimated future amortization expense follows (in millions): Remainder of 2021 $ 27.4 2022 43.9 2023 37.8 2024 29.7 2025 24.3 Thereafter 69.8 $ 232.9

Long-Term Debt (Notes)

Long-Term Debt (Notes)	6 Months Ended
	Jun. 30, 2021
Debt Disclosure [Abstract]
Long-Term Debt	Long-term debt consisted of the following (in millions): June 30, December 31, Senior Secured Credit Facility: Borrowings under $250 million revolving credit facility, due 2024 $ — $ — Term B loan facility, due 2025 490.8 490.8 Unsecured Senior Notes, due 2028 550.0 550.0 1,040.8 1,040.8 Unamortized deferred loan costs (7.1) (7.4) $ 1,033.7 $ 1,033.4 Senior Secured Credit Facility — The senior secured credit facility ("Credit Facility") consists of a term B loan and a $250.0 million revolving credit facility ("Revolver"). Borrowings under the term B loan bear interest at LIBOR plus 1.75 percent, or the bank’s base rate plus 0.75 percent. Borrowings under the Revolver bear interest at LIBOR plus 1.25 to 2.25 percent, or the bank’s base rate plus 0.25 to 1.25 percent, depending on leverage levels. A commitment fee of 0.20 to 0.35 percent is payable on the undrawn portion of the Revolver. The Revolver is limited to a maximum ratio of senior secured debt to trailing 12-months of lender-defined consolidated EBITDA of 4.00 to 1.00, which was 1.17 to 1.00 at June 30, 2021. There are no required minimum payments on the Credit Facility. The Credit Facility is secured by substantially all of the Company's assets and includes various restrictive covenants. At June 30, 2021, the Company was in compliance with its debt covenants. As a result of the planned divestiture of the Oxford business, the Company amended its Credit Facility to permit the sale of its Oxford business and allow the sale proceeds to be used for, among other things, future acquisitions.

Commitments and Contingencies (

Commitments and Contingencies (Notes)	6 Months Ended
	Jun. 30, 2021
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	The Company is involved in various legal proceedings, claims and litigation arising in the ordinary course of business. The Company does not believe that the disposition of matters that are pending or asserted will have a material effect on its financial statements.

Income Taxes (Notes)

Income Taxes (Notes)	6 Months Ended
	Jun. 30, 2021
Income Tax Disclosure [Abstract]
Income Taxes	For interim reporting periods, the Company’s provision for income taxes is calculated using its annualized estimated effective tax rate for the year. This rate is based on its estimated full year income and the related income tax expense for each jurisdiction in which the Company operates. The effective tax rate can be affected by changes in the geographical mix, permanent differences and the estimate of full year pretax accounting income. This rate is adjusted for the effects of discrete items occurring in the period.

Earnings Per Share (Notes)

Earnings Per Share (Notes)	6 Months Ended
	Jun. 30, 2021
Earnings Per Share [Abstract]
Earnings per share	The following table shows the calculation of basic and diluted earnings per share (in millions, except per share data): Three Months Ended Six Months Ended June 30, June 30, 2021 2020 2021 2020 Income from continuing operations $ 57.3 $ 43.5 $ 100.1 $ 82.6 Income from discontinued operations, net of income taxes 6.9 5.3 12.8 10.0 Net income $ 64.2 $ 48.8 $ 112.9 $ 92.6 Weighted-average number of common shares outstanding - basic 53.2 52.5 53.1 52.7 Dilutive effect of common share equivalents 0.7 0.5 0.7 0.4 Weighted-average number of common shares and share equivalents outstanding - diluted 53.9 53.0 53.8 53.1 Basic earnings per share: Continuing operations $ 1.08 $ 0.83 $ 1.89 $ 1.57 Discontinued operations 0.13 0.10 0.24 0.19 $ 1.21 $ 0.93 $ 2.13 $ 1.76 Diluted earnings per share: Continuing operations $ 1.06 $ 0.82 $ 1.86 $ 1.56 Discontinued operations 0.13 0.10 0.24 0.18 $ 1.19 $ 0.92 $ 2.10 $ 1.74

Segment Reporting (Notes)

Segment Reporting (Notes)	6 Months Ended
	Jun. 30, 2021
Segment Reporting [Abstract]
Segment Reporting Disclosure	Prior to the decision to divest the Oxford business, the Company had three reportable segments: Apex, Oxford and ECS. As a result of the planned divestiture, the Oxford Segment is no longer a reportable segment, the Apex Segment has been renamed the Commercial Segment and the ECS Segment has been renamed the Federal Government Segment. The Company's CyberCoders division, which was previously part of the Oxford Segment, is now included in the Commercial Segment. All segment information included herein reflect these changes. ASGN provides information technology and professional services in the technology, digital and creative fields across the commercial and government sectors. ASGN operates through its Commercial and Federal Government segments. Virtually all of the Company's revenues are generated in the United States. The Commercial Segment provides assignment and consulting information technology, digital and creative services to Fortune 1000 and mid-market clients across the United States and Canada. The Federal Government Segment delivers advanced solutions in cloud, cybersecurity, artificial intelligence, machine learning, application and IT modernization, science and engineering to defense, intelligence and federal civilian agencies. Management evaluates the performance of each segment primarily based on revenues, gross profit and operating income, which is derived directly from internal financial reporting of the segments used for corporate management purposes, which is presented below by segment (in millions): Three Months Ended Six Months Ended June 30, June 30, 2021 2020 2021 2020 Commercial Revenues $ 712.5 $ 592.2 $ 1,361.7 $ 1,244.9 Gross profit 228.3 183.7 426.9 389.2 Operating income 89.6 65.3 160.1 134.9 Depreciation 3.4 3.6 7.0 7.2 Amortization 5.6 5.4 11.3 10.8 Federal Government Revenues $ 262.4 $ 239.7 $ 520.2 $ 452.4 Gross profit 48.0 43.8 93.1 80.9 Operating income 18.7 16.3 33.4 27.5 Depreciation 2.2 1.9 4.6 4.1 Amortization 6.4 7.0 12.7 13.6 Consolidated Revenues $ 974.9 $ 831.9 $ 1,881.9 $ 1,697.3 Gross profit 276.3 227.5 520.0 470.1 Operating income (1) 87.9 69.1 155.3 133.8 Depreciation (2) 7.1 6.5 14.6 13.2 Amortization 12.0 12.4 24.0 24.4 ___________________ (1) Consolidated operating income includes corporate operating expenses, which are not allocated to the segments. These expenses include, among other things, stock-based compensation expense, compensation for corporate employees, acquisition, integration and strategic planning expenses and public company expenses. (2) Consolidated depreciation includes depreciation expense for corporate assets. Virtually all of the revenues from the Commercial Segment are generated from time-and-materials ("T&M") contracts where payments are based on fixed hourly rates for each direct labor hour expended and reimbursements for allowable material costs and out-of-pocket expenses. Revenues from the Federal Government Segment are generated from: (i) firm-fixed-price, (ii) T&M and (iii) cost reimbursable contracts. The following table presents revenues by segment and type (in millions): Three Months Ended Six Months Ended June 30, June 30, 2021 2020 2021 2020 Commercial Assignment $ 568.1 $ 506.9 $ 1,099.8 $ 1,070.0 Consulting 144.4 85.3 261.9 174.9 712.5 592.2 1,361.7 1,244.9 Federal Government Firm-fixed-price 62.0 63.5 122.6 120.5 Time and materials 100.2 81.4 190.9 153.8 Cost reimbursable 100.2 94.8 206.7 178.1 262.4 239.7 520.2 452.4 Consolidated $ 974.9 $ 831.9 $ 1,881.9 $ 1,697.3 The following table presents the Federal Government Segment revenues by customer type (in millions): Three Months Ended Six Months Ended June 30, June 30, 2021 2020 2021 2020 Department of Defense and Intelligence Agencies $ 141.6 $ 127.1 $ 284.9 $ 242.0 Federal Civilian 98.8 96.0 191.4 180.6 Other 22.0 16.6 43.9 29.8 $ 262.4 $ 239.7 $ 520.2 $ 452.4

Fair Value Measurements (Notes)

Fair Value Measurements (Notes)	6 Months Ended
	Jun. 30, 2021
Fair Value Disclosures [Abstract]
Fair Value Measurements	Fair Value Measurements Recurring Fair Value Measurements — The carrying amounts of cash and cash equivalents, accounts receivable, accounts payable and accrued payroll and contract professional pay approximate their fair value based on their short-term nature. The carrying amount of long-term debt recorded in the Company’s balance sheet at June 30, 2021 was $1.0 billion and approximated its fair value (see Note 5. Long-Term Debt ), which was determined using quoted prices in active markets for identical liabilities (Level 1 inputs). Nonrecurring Fair Value Measurements — Certain assets, such as goodwill and trademarks, are not measured at fair value on an ongoing basis but are subject to fair value adjustments in certain circumstances, such as, when there is evidence of impairment. There were no fair value adjustments for non-financial assets or liabilities during the three and six months ended June 30, 2021 and 2020.

Discontinued Operations and D_2

Discontinued Operations and Disposal Groups (Tables)	6 Months Ended
	Jun. 30, 2021
Discontinued Operations and Disposal Groups [Abstract]
Disposal Groups, Including Discontinued Operations	The following table presents the major classes of assets and liabilities of the Oxford business that are classified as held for sale in the accompanying balance sheets (in millions). June 30, 2021 December 31, 2020 Accounts receivable, net $ 96.2 $ 75.9 Prepaid expenses and income taxes 4.0 0.8 Other current assets 1.0 0.7 Property and equipment, net 13.5 14.5 Operating lease right-of-use assets 9.5 11.9 Identifiable intangible assets, net 17.7 18.0 Goodwill 197.0 197.7 Other non-current assets 3.0 2.4 Total assets held for sale $ 341.9 $ 321.9 Accounts payable $ 1.8 $ 1.5 Accrued payroll and contract professional pay 39.3 27.5 Operating lease liabilities 4.2 5.1 Other current liabilities 7.3 5.6 Operating lease liabilities, long-term 5.7 7.5 Other long-term liabilities 3.8 4.0 Total liabilities held for sale $ 62.1 $ 51.2 The following table summarizes the results of operations of the Oxford business that are being reported as discontinued operations (in millions): Three Months Ended Six Months Ended June 30, June 30, 2021 2020 2021 2020 Revenues $ 134.1 $ 104.9 $ 252.8 $ 230.0 Costs of services 92.6 71.6 174.0 158.4 Gross profit 41.5 33.3 78.8 71.6 Selling, general and administrative expenses 32.9 26.2 62.5 58.1 Amortization of intangible assets 0.1 0.2 0.3 0.3 Income before income taxes 8.5 6.9 16.0 13.2 Provision for income taxes 1.6 1.6 3.2 3.2 Income from discontinued operations, net of income taxes $ 6.9 $ 5.3 $ 12.8 $ 10.0 Select cash flow information related to the Oxford business follows (in millions): Six Months Ended June 30, 2021 2020 Net cash provided by operating activities $ 11.5 $ 28.4 Net cash used in investing activities (3.2) (12.4)

Goodwill and Identifiable Ass_2

Goodwill and Identifiable Assets (Tables)	6 Months Ended
	Jun. 30, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Goodwill	The following table summarizes the activity related to the carrying amount of goodwill by reportable segment since December 31, 2019 (in millions). For the businesses acquired since 2019, goodwill deductible for income tax purposes was approximately $124.3 million. See Note 9. Segment Reporting for more information on the change in our reportable segments. Commercial Federal Government Total Balance as of December 31, 2019 $ 738.4 $ 552.9 $ 1,291.3 2020 acquisitions 40.3 89.2 129.5 Translation adjustment (0.1) — (0.1) Balance as of December 31, 2020 778.6 642.1 1,420.7 2021 acquisitions 51.3 — 51.3 Purchase price adjustments — 3.5 3.5 Balance as of June 30, 2021 $ 829.9 $ 645.6 $ 1,475.5 ___________________ Note: For the 2021 and 2020 acquisitions, approximately $47.2 million and $77.1 million of the goodwill was deductible for income tax purposes, respectively.
Schedule of Acquired Intangible Assets	Acquired intangible assets consisted of the following (in millions): June 30, 2021 December 31, 2020 Estimated Useful Life in Years Gross Carrying Amount Accumulated Amortization Net Carrying Amount Gross Carrying Amount Accumulated Amortization Net Carrying Amount Customer and contractual relationships 7.3 - 12.8 $ 457.4 $ 232.6 $ 224.8 $ 428.0 $ 211.3 $ 216.7 Contractor relationships 4.0 45.5 45.4 0.1 45.5 45.3 0.2 Contract Backlog 1.0 - 2.8 29.3 28.9 0.4 29.3 28.5 0.8 Non-compete agreements 1.0 - 7.0 27.2 19.6 7.6 27.0 17.4 9.6 559.4 326.5 232.9 529.8 302.5 227.3 Not subject to amortization: Trademarks 242.6 — 242.6 242.6 — 242.6 Total $ 802.0 $ 326.5 $ 475.5 $ 772.4 $ 302.5 $ 469.9
Schedule of Estimated Future Amortization Expense	Estimated future amortization expense follows (in millions): Remainder of 2021 $ 27.4 2022 43.9 2023 37.8 2024 29.7 2025 24.3 Thereafter 69.8 $ 232.9

Long-Term Debt (Tables)

Long-Term Debt (Tables)	6 Months Ended
	Jun. 30, 2021
Debt Disclosure [Abstract]
Schedule of Long-term Debt	Long-term debt consisted of the following (in millions): June 30, December 31, Senior Secured Credit Facility: Borrowings under $250 million revolving credit facility, due 2024 $ — $ — Term B loan facility, due 2025 490.8 490.8 Unsecured Senior Notes, due 2028 550.0 550.0 1,040.8 1,040.8 Unamortized deferred loan costs (7.1) (7.4) $ 1,033.7 $ 1,033.4

Earnings Per Share (Tables)

Earnings Per Share (Tables)	6 Months Ended
	Jun. 30, 2021
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and Diluted	The following table shows the calculation of basic and diluted earnings per share (in millions, except per share data): Three Months Ended Six Months Ended June 30, June 30, 2021 2020 2021 2020 Income from continuing operations $ 57.3 $ 43.5 $ 100.1 $ 82.6 Income from discontinued operations, net of income taxes 6.9 5.3 12.8 10.0 Net income $ 64.2 $ 48.8 $ 112.9 $ 92.6 Weighted-average number of common shares outstanding - basic 53.2 52.5 53.1 52.7 Dilutive effect of common share equivalents 0.7 0.5 0.7 0.4 Weighted-average number of common shares and share equivalents outstanding - diluted 53.9 53.0 53.8 53.1 Basic earnings per share: Continuing operations $ 1.08 $ 0.83 $ 1.89 $ 1.57 Discontinued operations 0.13 0.10 0.24 0.19 $ 1.21 $ 0.93 $ 2.13 $ 1.76 Diluted earnings per share: Continuing operations $ 1.06 $ 0.82 $ 1.86 $ 1.56 Discontinued operations 0.13 0.10 0.24 0.18 $ 1.19 $ 0.92 $ 2.10 $ 1.74

Segment Reporting (Tables)

Segment Reporting (Tables)	6 Months Ended
	Jun. 30, 2021
Segment Reporting Information [Line Items]
Schedule of Segment Reporting Information, by Segment	Three Months Ended Six Months Ended June 30, June 30, 2021 2020 2021 2020 Commercial Revenues $ 712.5 $ 592.2 $ 1,361.7 $ 1,244.9 Gross profit 228.3 183.7 426.9 389.2 Operating income 89.6 65.3 160.1 134.9 Depreciation 3.4 3.6 7.0 7.2 Amortization 5.6 5.4 11.3 10.8 Federal Government Revenues $ 262.4 $ 239.7 $ 520.2 $ 452.4 Gross profit 48.0 43.8 93.1 80.9 Operating income 18.7 16.3 33.4 27.5 Depreciation 2.2 1.9 4.6 4.1 Amortization 6.4 7.0 12.7 13.6 Consolidated Revenues $ 974.9 $ 831.9 $ 1,881.9 $ 1,697.3 Gross profit 276.3 227.5 520.0 470.1 Operating income (1) 87.9 69.1 155.3 133.8 Depreciation (2) 7.1 6.5 14.6 13.2 Amortization 12.0 12.4 24.0 24.4 ___________________ (1) Consolidated operating income includes corporate operating expenses, which are not allocated to the segments. These expenses include, among other things, stock-based compensation expense, compensation for corporate employees, acquisition, integration and strategic planning expenses and public company expenses.
Disaggregation of Revenue	Virtually all of the revenues from the Commercial Segment are generated from time-and-materials ("T&M") contracts where payments are based on fixed hourly rates for each direct labor hour expended and reimbursements for allowable material costs and out-of-pocket expenses. Revenues from the Federal Government Segment are generated from: (i) firm-fixed-price, (ii) T&M and (iii) cost reimbursable contracts. The following table presents revenues by segment and type (in millions): Three Months Ended Six Months Ended June 30, June 30, 2021 2020 2021 2020 Commercial Assignment $ 568.1 $ 506.9 $ 1,099.8 $ 1,070.0 Consulting 144.4 85.3 261.9 174.9 712.5 592.2 1,361.7 1,244.9 Federal Government Firm-fixed-price 62.0 63.5 122.6 120.5 Time and materials 100.2 81.4 190.9 153.8 Cost reimbursable 100.2 94.8 206.7 178.1 262.4 239.7 520.2 452.4 Consolidated $ 974.9 $ 831.9 $ 1,881.9 $ 1,697.3
Revenue from External Customers by Products and Services	The following table presents the Federal Government Segment revenues by customer type (in millions): Three Months Ended Six Months Ended June 30, June 30, 2021 2020 2021 2020 Department of Defense and Intelligence Agencies $ 141.6 $ 127.1 $ 284.9 $ 242.0 Federal Civilian 98.8 96.0 191.4 180.6 Other 22.0 16.6 43.9 29.8 $ 262.4 $ 239.7 $ 520.2 $ 452.4

Discontinued Operations and D_3

Discontinued Operations and Disposal Groups - Narrative (Details) - Oxford Business - Discontinued Operations $ in Millions	Jun. 30, 2021USD ($)
Assets and Liabilities Held for Sale and Discontinued Operation
Proceeds from Sale of Property Held-for-sale	$ 525
Proceeds From Sale of Property Held-For-Sale net tax	$ 415

Discontinued Operations and D_4

Discontinued Operations and Disposal Groups - Assets and Liabilities Held for Sale (Details) - Oxford Business - Discontinued Operations, Held-for-sale - USD ($) $ in Millions	Jun. 30, 2021	Dec. 31, 2020
Assets and Liabilities Held for Sale and Discontinued Operation
Accounts receivable, net	$ 96.2	$ 75.9
Prepaid expenses and income taxes	4	0.8
Other current assets	1	0.7
Property and equipment, net	13.5	14.5
Operating lease right-of-use assets	9.5	11.9
Identifiable intangible assets, net	17.7	18
Goodwill	197	197.7
Other non-current assets	3	2.4
Total assets held for sale	341.9	321.9
Accounts payable	1.8	1.5
Accrued payroll and contract professional pay	39.3	27.5
Operating lease liabilities	4.2	5.1
Other current liabilities	7.3	5.6
Operating lease liabilities, long-term	5.7	7.5
Other long-term liabilities	3.8	4
Total liabilities held for sale	$ 62.1	$ 51.2

Discontinued Operations and D_5

Discontinued Operations and Disposal Groups - Results of Operations (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Results of Operations, Discontinued Operations
Income from discontinued operations, net of income taxes	$ 6.9	$ 5.3	$ 12.8	$ 10
Oxford Business | Discontinued Operations
Results of Operations, Discontinued Operations
Revenues	134.1	104.9	252.8	230
Costs of services	92.6	71.6	174	158.4
Gross profit	41.5	33.3	78.8	71.6
Selling, general and administrative expenses	32.9	26.2	62.5	58.1
Amortization of intangible assets	0.1	0.2	0.3	0.3
Income before income taxes	8.5	6.9	16	13.2
Provision for income taxes	1.6	1.6	3.2	3.2
Income from discontinued operations, net of income taxes	$ 6.9	$ 5.3	$ 12.8	$ 10

Discontinued Operations and D_6

Discontinued Operations and Disposal Groups - Cash Flow Information (Details) - Oxford Business - Discontinued Operations - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Cash Flow Information, Discontinued Operations
Net cash provided by operating activities	$ 11.5	$ 28.4
Net cash used in investing activities	$ (3.2)	$ (12.4)

Acquisitions Business Combinati

Acquisitions Business Combinations Additional Information (Details) - USD ($) $ in Millions	6 Months Ended		12 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020
Acquired Indefinite-lived Intangible Assets [Line Items]
Payments to Acquire Businesses, Net of Cash Acquired	$ 85.8	$ 85.5
Business Acquisition, Goodwill, Expected Tax Deductible Amount	$ 51.3
2020 Acquisitions
Acquired Indefinite-lived Intangible Assets [Line Items]
Goodwill, Acquired During Period			$ 129.5

Business Combinations and Asset

Business Combinations and Asset Acquisitions (Details) $ in Millions	18 Months Ended
	Jun. 30, 2021USD ($)
Business Combination and Asset Acquisition [Abstract]
Payments to Acquire Businesses, Gross	$ 272
Business Acquisition [Line Items]
Payments to Acquire Businesses, Gross	$ 272

Goodwill and Identifiable Ass_3

Goodwill and Identifiable Assets (Goodwill) (Details) - USD ($) $ in Millions	6 Months Ended	12 Months Ended
	Jun. 30, 2021	Dec. 31, 2020	Dec. 31, 2019
Goodwill [Roll Forward]
Gross goodwill	$ 1,475.5	$ 1,420.7	$ 1,291.3
Goodwill, Purchase Accounting Adjustments	3.5
Translation adjustment		(0.1)
Business Acquisition, Goodwill, Expected Tax Deductible Amount	51.3
Federal Government Business
Goodwill [Roll Forward]
Gross goodwill	645.6	642.1	552.9
Goodwill, Purchase Accounting Adjustments	3.5
Commercial Business
Goodwill [Roll Forward]
Gross goodwill	829.9	778.6	$ 738.4
Translation adjustment		(0.1)
2020 Acquisitions
Goodwill [Roll Forward]
Goodwill, Acquired During Period		129.5
2020 Acquisitions | Federal Government Business
Goodwill [Roll Forward]
Goodwill, Acquired During Period		89.2
2020 Acquisitions | Commercial Business
Goodwill [Roll Forward]
Goodwill, Acquired During Period		40.3
2021 Acquisitions
Goodwill [Roll Forward]
Business Acquisition, Goodwill, Expected Tax Deductible Amount	47.2	$ 77.1
2021 Acquisitions | Commercial Business
Goodwill [Roll Forward]
Business Acquisition, Goodwill, Expected Tax Deductible Amount	51.3
Accumulated Acquisition since 2019
Goodwill [Roll Forward]
Business Acquisition, Goodwill, Expected Tax Deductible Amount	$ 124.3

Goodwill and Identifiable Ass_4

Goodwill and Identifiable Assets (Acquired Intangible Assets) (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2021	Dec. 31, 2020
Intangible assets subject to amortization:
Gross Carrying Amount	$ 559.4	$ 529.8
Accumulated Amortization	326.5	302.5
Net Carrying Amount	232.9	227.3
Intangible assets not subject to amortization:
Trademarks, Carrying Amount	242.6	242.6
Intangible Assets, Gross (Excluding Goodwill)	802	772.4
Intangible Assets, Net (Excluding Goodwill), Total	475.5	469.9
Customer and Contractual Relationships
Intangible assets subject to amortization:
Accumulated Amortization	232.6	211.3
Net Carrying Amount	224.8	216.7
Total
Other Finite-Lived Intangible Assets, Gross	$ 457.4	428
Customer and Contractual Relationships | Minimum [Member]
Intangible Assets [Line Items]
Finite-Lived Intangible Asset, Useful Life	7 years 3 months 18 days
Customer and Contractual Relationships | Maximum [Member]
Intangible Assets [Line Items]
Finite-Lived Intangible Asset, Useful Life	12 years 9 months 18 days
Contractor Relations
Intangible Assets [Line Items]
Finite-Lived Intangible Asset, Useful Life	4 years
Intangible assets subject to amortization:
Accumulated Amortization	$ 45.4	45.3
Net Carrying Amount	0.1	0.2
Total
Other Finite-Lived Intangible Assets, Gross	45.5	45.5
Backlog
Intangible assets subject to amortization:
Accumulated Amortization	28.9	28.5
Net Carrying Amount	0.4	0.8
Total
Other Finite-Lived Intangible Assets, Gross	$ 29.3	29.3
Backlog | Minimum [Member]
Intangible Assets [Line Items]
Finite-Lived Intangible Asset, Useful Life	1 year
Backlog | Maximum [Member]
Intangible Assets [Line Items]
Finite-Lived Intangible Asset, Useful Life	2 years 9 months 18 days
Noncompete Agreements
Intangible assets subject to amortization:
Accumulated Amortization	$ 19.6	17.4
Net Carrying Amount	7.6	9.6
Total
Other Finite-Lived Intangible Assets, Gross	$ 27.2	$ 27
Noncompete Agreements | Minimum [Member]
Intangible Assets [Line Items]
Finite-Lived Intangible Asset, Useful Life	1 year
Noncompete Agreements | Maximum [Member]
Intangible Assets [Line Items]
Finite-Lived Intangible Asset, Useful Life	7 years

Goodwill and Identifiable Ass_5

Goodwill and Identifiable Assets (Future Amortization Expense) (Details) - USD ($) $ in Millions	Jun. 30, 2021	Dec. 31, 2020
Finite-Lived Intangible Assets, Net, Amortization Expense, Fiscal Year Maturity [Abstract]
Net Carrying Amount	$ 232.9	$ 227.3
Finite-Lived Intangible Assets, Amortization Expense, Next Rolling Twelve Months	27.4
Finite-Lived Intangible Assets, Amortization Expense, Rolling Year Two	43.9
Finite-Lived Intangible Assets, Amortization Expense, Rolling Year Three	37.8
Finite-Lived Intangible Assets, Amortization Expense, Rolling Year Four	29.7
Finite-Lived Intangible Assets, Amortization Expense, Rolling Year Five	24.3
Finite-Lived Intangible Assets, Amortization Expense, Rolling after Year Five	$ 69.8

Long-term Debt (Details)

Long-term Debt (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2021	Dec. 31, 2020	Nov. 22, 2019
Debt Instrument [Line Items]
Senior Notes	$ 550	$ 550	$ 550
Long-term Debt, Gross	1,040.8	1,040.8
Unamortized deferred loan costs	(7.1)	(7.4)
Long-term Debt	$ 1,033.7	1,033.4
leverage ratio	1.17
$250 Million Revolving Credit Facility, Due November 2024 [Member]
Debt Instrument [Line Items]
Secured Debt			$ 250
$250 Million Revolving Credit Facility, Due November 2024 [Member] | Minimum [Member] | Bank base rate [Member]
Debt Instrument [Line Items]
Debt Instrument, Basis Spread on Variable Rate	0.25%
Line of Credit Facility, Unused Capacity, Commitment Fee Percentage	0.20%
$250 Million Revolving Credit Facility, Due November 2024 [Member] | Minimum [Member] | London Interbank Offered Rate (LIBOR)
Debt Instrument [Line Items]
Debt Instrument, Basis Spread on Variable Rate	1.25%
$250 Million Revolving Credit Facility, Due November 2024 [Member] | Maximum [Member] | Bank base rate [Member]
Debt Instrument [Line Items]
Debt Instrument, Basis Spread on Variable Rate	1.25%
Line of Credit Facility, Unused Capacity, Commitment Fee Percentage	0.35%
$250 Million Revolving Credit Facility, Due November 2024 [Member] | Maximum [Member] | London Interbank Offered Rate (LIBOR)
Debt Instrument [Line Items]
Debt Instrument, Basis Spread on Variable Rate	2.25%
Term B Loan Facility, due 2025 [Member] [Domain]
Debt Instrument [Line Items]
Secured Debt	$ 490.8	$ 490.8
Term B Loan Facility, due 2025 [Member] [Domain] | Bank base rate [Member]
Debt Instrument [Line Items]
Debt Instrument, Basis Spread on Variable Rate	0.75%
Senior Notes [Member]
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, Stated Percentage			4.625%
London Interbank Offered Rate (LIBOR) | Term B Loan Facility, due 2025 [Member] [Domain]
Debt Instrument [Line Items]
Debt Instrument, Basis Spread on Variable Rate	1.75%

Calculation of Basic and Dilute

Calculation of Basic and Diluted Earnings per Share (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Calculation of Basic and Diluted Earnings per Share [Abstract]
Net Income from Continuing Operations	$ 57.3	$ 43.5	$ 100.1	$ 82.6
Income from discontinued operations, net of income taxes	6.9	5.3	12.8	10
Net income	64.2	$ 48.8	112.9	$ 92.6
Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent	$ 64.2		$ 112.9
Weighted-average number of common shares outstanding - basic	53.2	52.5	53.1	52.7
Dilutive effect of common share equivalents	0.7	0.5	0.7	0.4
Weighted-average number of common shares and share equivalents outstanding - diluted	53.9	53	53.8	53.1
Continuing operations	$ 1.08	$ 0.83	$ 1.89	$ 1.57
Discontinued operations	0.13	0.10	0.24	0.19
Basic earnings per share:	1.21	0.93	2.13	1.76
Continuing operations	1.06	0.82	1.86	1.56
Discontinued operations	0.13	0.10	0.24	0.18
Diluted earnings per share:	$ 1.19	$ 0.92	$ 2.10	$ 1.74

Segment Reporting (Segment Repo

Segment Reporting (Segment Reporting Information) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Revenues:
Revenues	$ 974.9	$ 831.9	$ 1,881.9	$ 1,697.3
Gross Profit:
Total Gross Profit	276.3	227.5	520	470.1
Operating Income (Loss):
Total Operating Income	87.9	69.1	155.3	133.8
Depreciation	7.1	6.5	14.6	13.2
Amortization of intangible assets	12	12.4	24	24.4
Commercial Business
Revenues:
Revenues	712.5	592.2	1,361.7	1,244.9
Gross Profit:
Total Gross Profit	228.3	183.7	426.9	389.2
Operating Income (Loss):
Total Operating Income	89.6	65.3	160.1	134.9
Depreciation	3.4	3.6	7	7.2
Amortization of intangible assets	5.6	5.4	11.3	10.8
Federal Government Business
Revenues:
Revenues	262.4	239.7	520.2	452.4
Gross Profit:
Total Gross Profit	48	43.8	93.1	80.9
Operating Income (Loss):
Total Operating Income	18.7	16.3	33.4	27.5
Depreciation	2.2	1.9	4.6	4.1
Amortization of intangible assets	6.4	7	12.7	13.6
Assignment | Commercial Business
Revenues:
Revenues	568.1	506.9	1,099.8	1,070
Consulting | Commercial Business
Revenues:
Revenues	144.4	85.3	261.9	174.9
Firm-fixed-price | Federal Government Business
Revenues:
Revenues	62	63.5	122.6	120.5
Time and materials | Federal Government Business
Revenues:
Revenues	100.2	81.4	190.9	153.8
Cost reimbursable | Federal Government Business
Revenues:
Revenues	$ 100.2	$ 94.8	$ 206.7	$ 178.1

Segment Reporting Revenue by Cu

Segment Reporting Revenue by Customer Type (details) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Revenue from External Customer [Line Items]
Revenues	$ 974.9	$ 831.9	$ 1,881.9	$ 1,697.3
Department of Defense and Intelligence Agencies
Revenue from External Customer [Line Items]
Revenues	141.6	127.1	284.9	242
Federal Civilian
Revenue from External Customer [Line Items]
Revenues	98.8	96	191.4	180.6
Other
Revenue from External Customer [Line Items]
Revenues	22	16.6	43.9	29.8
Federal Government Business
Revenue from External Customer [Line Items]
Revenues	$ 262.4	$ 239.7	$ 520.2	$ 452.4

Fair Value Measurements (Fair V

Fair Value Measurements (Fair Value Inputs, Liabilities, Quantitative Information) (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2021	Dec. 31, 2020
Fair Value Inputs, Liabilities, Quantitative Information
Long-term debt	$ 1,033.7	$ 1,033.4
Long-term debt, fair value	$ 1,000
Level 1 Inputs
Fair Value Inputs, Liabilities, Quantitative Information
Fair value level 1 inputs	quoted prices in active markets for identical liabilities (Level 1 inputs