Company: ASGN
Filing Date: 2025-02-24
Form Type: 10-K
Source: 0000890564-25-000008
Chunk: 85

Company: ASGN Inc
Filing Date: 2025-02-24
Form: 10-K
Item: Item 8
Chunk 85
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The Company is subject to taxation in the United States and various states and foreign jurisdictions. The IRS has completed an examination of the Company's U.S. income tax return for the 2018 tax year with no change. The Company remains subject to U.S. federal income tax examinations for 2021 and subsequent years. For the majority of U.S. states, with few exceptions and generally for the foreign tax jurisdictions, the Company remains subject to examination for 2020 and subsequent years. 

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13. Earnings per Share

The following is a reconciliation of the number of shares and share equivalents used to calculate basic and diluted earnings per share (in millions, except per share amounts):Year Ended December 31,202420232022Income from continuing operations$175.2 $219.3 $266.9 Income from discontinued operations, net of income taxes— — 1.2 Net income $175.2 $219.3 $268.1 Weighted-average number of common shares outstanding - basic45.2 48.3 50.6 Dilutive effect of common share equivalents0.5 0.4 0.7 Weighted-average number of common shares and share equivalents outstanding - diluted45.7 48.7 51.3 Basic earnings per share:Continuing operations$3.88 $4.54 $5.27 Discontinued operations— — 0.03 $3.88 $4.54 $5.30 Diluted earnings per share:Continuing operations$3.83 $4.50 $5.21 Discontinued operations— — 0.02 $3.83 $4.50 $5.23 

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14. Segment Reporting

ASGN provides information technology ("IT") services and professional solutions across the commercial and government sectors. ASGN operates through two segments, Commercial and Federal Government. The Commercial Segment, which is the largest segment, provides consulting, creative digital marketing, and permanent placement services primarily to Fortune 1000 and large mid-market companies. The Federal Government Segment provides advanced IT solutions to the Department of Defense, the intelligence community, and key federal civilian agencies, namely the Department of Homeland Security. Virtually all of the Company's revenues are generated in the United States. The Company's chief executive officer ("CEO") is the chief operating decision maker and he reviews segment revenues, gross profit and