| In millions, except per share items | Sep-30-20 | Jun-30-20 | Mar-31-20 | Dec-31-19 | Sep-30-19 | Jun-30-19 | Mar-31-19 | Dec-31-18 |
| | 10-Q | 10-Q | 10-Q | 10-K | 10-Q | 10-Q | 10-Q | 10-K |
| Revenues: |
| Recovery Audit Services — Americas | 111.6 | 113.6 | 115.6 | 116.7 | 118.5 | 117.4 | 117.3 | 115.9 |
| Recovery Audit Services — Europe/Asia-Pacific | 48.5 | 46.6 | 47.3 | 47.3 | 48.3 | 49.6 | 49.3 | 49.5 |
| Adjacent Services | 4.0 | 4.6 | 4.9 | 5.8 | 5.9 | 6.7 | 7.3 | 6.3 |
| Total revenues | 164.1 | 164.8 | 167.8 | 169.8 | 172.7 | 173.7 | 173.9 | 171.8 |
| Revenue growth [+] | -5.0% | -5.1% | -3.5% | -1.2% | -11.9% | -21.7% | -28.7% | -28.6% |
| Recovery Audit Services — Americas | -5.8% | -3.2% | -1.5% | 0.7% | | | | |
| Recovery Audit Services — Europe/Asia-Pacific | 0.4% | -6.1% | -4.0% | -4.5% | | | | |
| Adjacent Services | -32.7% | -31.4% | -32.2% | -8.9% | | | | |
| Cost of goods sold | 87.0 | 91.7 | 97.5 | 100.2 | 103.6 | 104.2 | 105.3 | 104.8 |
| Gross profit | 77.1 | 73.1 | 70.3 | 69.6 | 69.1 | 69.5 | 68.6 | 67.0 |
| Gross margin | 47.0% | 44.3% | 41.9% | 41.0% | 40.0% | 40.0% | 39.5% | 39.0% |
| Selling, general and administrative [+] | 56.3 | 56.1 | 57.1 | 57.6 | 57.1 | 56.0 | 53.1 | 50.5 |
| Sales and marketing | 41.9 | 41.7 | 42.8 | | 43.2 | 42.2 | 39.2 | |
| General and administrative | | | | 14.4 | | | | 13.9 |
| Other operating expenses | | | | 0.6 | | | | 1.8 |
| Adjusted EBITDA | 27.5 | 22.3 | 18.3 | 17.2 | 18.2 | 20.4 | 21.6 | 23.2 |
| Adjusted EBITDA margin | 16.7% | 13.5% | 10.9% | 10.1% | 10.5% | 11.7% | 12.4% | 13.5% |
| Stock-based compensation | 6.5 | 5.1 | 4.9 | 4.9 | 4.5 | 5.3 | 4.5 | 5.1 |
| EBITDA [+] | 21.0 | 17.2 | 13.4 | 12.2 | 13.7 | 15.1 | 17.1 | 18.1 |
| EBITDA growth | 53.3% | 13.8% | -21.6% | -32.5% | -9.5% | 7.6% | 25.5% | 33.9% |
| EBITDA margin | 12.8% | 10.4% | 8.0% | 7.2% | 7.9% | 8.7% | 9.8% | 10.6% |
| Depreciation and amortization | 8.2 | 9.5 | 9.9 | 10.0 | 9.3 | 8.4 | 8.4 | 7.4 |
| EBITA | 12.8 | 7.7 | 3.5 | 2.3 | 4.4 | 6.8 | 8.8 | 10.8 |
| EBITA margin | 7.8% | 4.7% | 2.1% | 1.3% | 2.5% | 3.9% | 5.0% | 6.3% |
| Amortization of intangibles | 3.4 | 3.4 | 3.4 | 3.5 | 3.5 | 3.5 | 3.5 | 3.4 |
| EBIT [+] | 9.5 | 4.3 | 0.1 | -1.2 | 0.9 | 3.3 | 5.3 | 7.4 |
| EBIT growth | 947.1% | 31.8% | -98.7% | -116.5% | -80.8% | -25.4% | -1.3% | 38.0% |
| EBIT margin | 5.8% | 2.6% | 0.0% | -0.7% | 0.5% | 1.9% | 3.0% | 4.3% |
| Non-recurring items [+] | 10.9 | | | 10.1 | 1.4 | | | 0.0 |
| Asset impairment | 0.6 | | | | | | | |
| Interest expense, net [+] | 1.2 | 1.4 | 1.7 | 1.8 | 1.8 | 1.8 | 1.7 | 1.7 |
| Interest expense | 1.4 | 1.5 | 1.8 | 1.9 | 2.0 | 2.0 | 1.9 | 1.8 |
| Interest income | | | | 0.1 | | | | 0.2 |
| Other income (expense), net [+] | 0.5 | -0.8 | -1.6 | -0.3 | -1.3 | -0.5 | -1.4 | -1.0 |
| Other | 0.0 | 0.0 | | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Pre-tax income | -2.1 | -8.0 | -13.3 | -13.4 | -3.6 | 1.0 | 2.1 | 4.7 |
| Income taxes | 2.7 | 1.4 | 0.7 | 0.9 | 0.4 | 0.8 | 0.7 | 1.3 |
| Tax rate | -124.8% | -17.7% | -5.4% | | | | | |
| Earnings from continuing ops | -4.8 | -9.4 | -14.0 | -14.3 | -4.0 | 0.1 | 1.4 | 3.4 |
| Earnings from discontinued ops | | | | 0.6 | 2.6 | 1.3 | 1.4 | 1.2 |
| Net income | -4.8 | -8.5 | -13.2 | -13.7 | -1.5 | 1.5 | 2.9 | 4.6 |
| Net margin | -2.9% | -5.2% | -7.9% | -8.1% | -0.8% | 0.9% | 1.6% | 2.7% |
| |
| Basic EPS [+] | ($0.21) | ($0.41) | ($0.62) | ($0.63) | ($0.18) | $0.01 | $0.06 | $0.15 |
| Growth | 19.9% | -6792.3% | -1088.5% | -534.3% | -231.7% | -90.8% | -65.9% | -29.3% |
| Diluted EPS [+] | ($0.21) | ($0.41) | ($0.62) | ($0.63) | ($0.18) | $0.01 | $0.06 | $0.14 |
| Growth | 20.1% | -6876.9% | -1102.2% | -540.3% | -232.0% | -90.9% | -66.2% | -30.0% |
| |
| Shares outstanding (basic) [+] | 22.6 | 22.6 | 22.7 | 22.7 | 22.7 | 22.9 | 23.1 | 23.1 |
| Growth | -0.6% | -1.3% | -1.7% | -1.6% | -0.4% | 1.6% | 3.4% | 4.1% |
| Shares outstanding (diluted) [+] | 22.7 | 22.7 | 22.7 | 22.7 | 22.9 | 23.3 | 23.4 | 23.4 |
| Growth | -0.8% | -2.6% | -3.1% | -2.9% | -0.6% | 2.5% | 4.3% | 5.0% |
| |
| EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |