Company: ASGN
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0000890564-25-000063
Chunk: 21

Company: ASGN Inc
Filing Date: 2025-10-30
Form: 10-Q
Item: Part I, Item 1
Chunk 21
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paid expenses and income taxes$46.8 $44.6 Other34.7 17.1 $81.5 $61.7 Other non-current assets:Operating lease right-of-use assets$61.9 $61.9 Other23.9 33.9 $85.8 $95.8 Other current liabilities:Accounts payable$38.2 $27.2 Operating lease liabilities20.7 19.5Contract liabilities30.0 17.6Income taxes payable29.3 1.6Other94.7 83.2$212.9 $149.1 Other long-term liabilities:Operating lease liabilities$45.1 $46.9 Other1.8 17.3 $46.9 $64.2 

7

During the second quarter of 2025, the Company terminated its deferred compensation plan (“DCP”). The final distribution of all participant account assets will occur in June 2026. As of September 30, 2025, the plan assets and liabilities were $18.8 million and were included in other current assets and other current liabilities on the condensed consolidated balance sheet. As of December 31, 2024, the plan assets and liabilities were $17.8 million, of which $1.7 million was included in other current assets and other current liabilities, and the remaining $16.1 million was included in other non-current assets and other long-term liabilities on the condensed consolidated balance sheet. 

4. Acquisition

On March 4, 2025, the Company acquired TopBloc, LLC (“TopBloc”), a leading, tech-enabled Workday consultancy, for $340.0 million, consisting of 90 percent cash and 10 percent equity. TopBloc is part of the Commercial Segment and its results of operations are included in the consolidated results of the Company from the date of its acquisition. The purchase accounting for this acquisition remains incomplete with respect to the provisional fair value of assets acquired and liabilities assumed, as management continues to gather and evaluate information about circumstances that existed as of the acquisition date. Measurement period adjustments will be recognized prospectively within 12 months from the date of acquisition. The preliminary fair value of the identifiable intangible assets and goodwill related to this acquisition is as follows (in millions):Estimated Useful Life in YearsCustomer relationships7$42.1 Internally-developed software34.4 TrademarksIndef