Stock-based
compensation 2,426 2,266 6,931 6,220
Interest expense,
net 2,550 3,071 8,021 9,529
Income before
income taxes 14,480 17,919 46,694 46,868
Income tax
expense 4,985 5,892 (7) 19,961 18,912 (7)
Net income $9,495 $12,027 (7) $26,733 $27,956 (7)
Three Months Ended Nine Months Ended
September 30, September 30,
2008 2007 %Chg 2008 2007 %Chg
Gross Margin
Nurse and allied
healthcare
staffing 23.6% 24.2% 24.0% 23.6%
Locum tenens
staffing 26.6% 27.0% 26.4% 26.0%
Physician
permanent
placement
services 57.5% 60.2% 59.6% 61.1%
Operating Data:
Nurse and allied
healthcare
staffing
Average
travelers on
assignment(2) 7,185 6,895 4.2% 7,093 6,981 1.6%
Revenue per
traveler per
day(3) $328.44 $321.72 2.1% $327.47 $317.65 3.1%
Gross profit
per traveler
per day(3) $77.39 $77.84 -0.6% $78.65 $74.95 4.9%
Locum tenens
staffing
Days filled(4) 58,638 57,036 2.8% 169,196 166,937 1.4%
Revenue
per day
filled(4) $1,455.22 $1,455.29 0.0% $1,451.22 $1,403.80 3.4%
Gross profit
per day
filled(4) $386.73 $393.33 -1.7% $382.66 $364.82 4.9%
Three Months Ended
September 30,
2008 200
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| SOURCE AMN Healthcare Services, Inc. Copyright©2008 PR Newswire. All rights reserved |