HEW » Topics » Selling, General and Administrative Expenses

This excerpt taken from the HEW 10-Q filed May 5, 2009.

Selling, General and Administrative Expenses

SG&A expense decreased $31.9 million, or 29.4%. The prior-year period included charges related to ongoing disputes and settlements with various clients of approximately $21 million as compared to $5.1 million of similar charges in the current year period. Also contributing to the decrease were the favorable impacts of foreign currency translation related to global operations, lower costs in the current year related to discretionary cost management and lower amortization of intangibles, partially offset by higher allowance for doubtful accounts.

This excerpt taken from the HEW 10-Q filed Aug 8, 2007.

Selling, General and Administrative Expenses

The increase in SG&A expense is primarily due to a $13.9 million charge associated with the anticipated restructuring of one of our HR BPO contracts and a $4.5 million charge, recorded within Benefits Outsourcing, associated with the resolution of a legal dispute with a vendor. Also contributing to the increase is higher amortization of intangible assets resulting from the shortening of the remaining useful life of a customer relationship.

This excerpt taken from the HEW 10-Q filed May 9, 2007.

Selling, General and Administrative Expenses

Selling, general and administrative (“SG&A”) expenses primarily include promotion and marketing costs, corporate professional services, amortization of definite-lived intangible assets, provisions for doubtful accounts, legal and contract restructuring charges and other general office expenses. The increase in SG&A expense is primarily due to a second quarter $12 million pre-tax charge associated with the anticipated restructuring of one of our HR BPO contracts and a $4 million charge, recorded within Benefits Outsourcing, associated with the resolution of a legal dispute with a vendor. Also contributing to the increase is higher travel charges as well as higher amortization of intangible assets resulting from the shortening of the remaining useful life of a customer relationship.

This excerpt taken from the HEW 10-Q filed Feb 6, 2007.

Selling, General and Administrative Expenses

Selling, general and administrative (“SG&A”) expenses primarily include promotion and marketing costs, corporate professional services, amortization of definite-lived intangible assets, provisions for doubtful accounts and other general office expenses. The increase in selling, general and administrative expense is primarily due to increased amortization expense of $2.7 million resulting from the shortening of the remaining useful life of a customer relationship following the decision by that customer to not renew its Business Process Outsourcing contract at the end of its contract term.

This excerpt taken from the HEW 10-K filed Nov 17, 2006.

Selling, General and Administrative Expenses

As a percentage of net revenues, selling, general and administrative expenses were consistent period over period.

This excerpt taken from the HEW 10-Q filed Aug 14, 2006.

Selling, General and Administrative Expenses

As a percentage of net revenues, SG&A expenses were consistent period over period.

This excerpt taken from the HEW 10-Q filed May 4, 2006.

Selling, General and Administrative Expenses

The decrease in SG&A expenses is primarily due to the recognition of an impairment charge of approximately $10 million in the prior year related to customer relationship intangible assets.

This excerpt taken from the HEW 10-Q filed Feb 6, 2006.

Selling, General and Administrative Expenses

 

Selling, general and administrative (“SG&A”) expenses primarily include promotion and marketing costs, corporate professional services, provisions for doubtful accounts and other general office expenses. The Company’s increased focus on managing its overall cost structure resulted in reductions in various components of SG&A expense as compared to the prior-year quarter.

 

This excerpt taken from the HEW 10-K filed Nov 18, 2005.

Selling, General and Administrative Expenses

 

Selling, general and administrative (“SG&A”) expenses increased 18.3%, to $120 million for the year ended September 30, 2004, from $102 million in the prior year. The $19 million increase in SG&A expenses in 2004 resulted from the inclusion of SG&A costs from our 2004 and 2003 acquisitions, increased insurance costs and travel expenses. As a percentage of net revenues, SG&A expenses were 5.5% and 5.1% in 2004 and 2003, respectively. Adjusting for the effects of the acquisitions in 2004 and 2003, SG&A expenses as a percentage of net revenues were 5.3% and 4.9%, respectively.

 

This excerpt taken from the HEW 10-Q filed Aug 8, 2005.

Selling, General and Administrative Expenses

 

Selling, general and administrative (“SG&A”) expenses (which include promotion and marketing costs, corporate professional services, provisions for doubtful accounts and other general office expenses) increased 10.4%, to $128 million in the nine months ended June 30, 2005, from $116 million in the pro forma comparable prior-year period. As a percentage of net revenues, SG&A expenses increased to 6.0% for the nine months ended June 30, 2005, from 5.9% in the comparable pro forma prior-year period. The increase as a percentage of net revenues was primarily due to the impairment of customer relationship intangibles of approximately $10 million, relating to two terminated client contracts, in the quarter ended March 31, 2005. Excluding the impairment charges, SG&A expenses as a percentage of net revenues declined to 5.6% in the current-year nine-month period.

 

This excerpt taken from the HEW 10-Q filed May 5, 2005.

Selling, General and Administrative Expenses

 

Selling, general and administrative (“SG&A”) expenses (which include promotion and marketing costs, corporate professional services, provisions for doubtful accounts and other general office expenses) increased 12.9%, to $83 million in the six months ended March 31, 2005, from $73 million in the pro forma comparable prior-year period. As a percentage of net revenues, SG&A expenses increased to 5.9% for the six months ended March 31, 2005, from 5.7% in the comparable pro forma prior-year period. The increase as a percentage of net revenues was due to the impairment of customer relationship intangibles of approximately $10 million, relating to two terminated client contracts. Excluding the impairment charges, SG&A expenses as a percentage of net revenues declined in the current period to 5.2%, reflecting lower professional fees incurred in 2005.

 

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This excerpt taken from the HEW 10-Q filed Feb 8, 2005.

Selling, General and Administrative Expenses

 

Selling, general and administrative (“SG&A”) expenses (which include promotion and marketing costs, corporate professional services, provisions for doubtful accounts and other general office expenses) increased 6.8%, or $2 million, to $38 million in the three months ended December 31, 2004, from $36 million in the pro forma comparable prior year period, but as a percentage of net revenues declined to 5.4% from 5.6% quarter over pro forma quarter. The decrease as a percentage of net revenues was primarily related to revenues growing at a faster rate than SG&A expenses. The $2 million increase primarily reflects increased advertising costs, travel expenses, and office administration expenses, which were offset by lower professional fees and bad debt expense in the current year quarter.

 

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