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Quarterly Financial Information (Unaudited) (Tables)
 12 Months Ended
Dec. 31, 2021
Quarterly Financial Information Disclosure [Abstract]  
Unaudited Supplemental Quarterly Financial Information

 

 

 

Quarter Ended

 

 

 

April 2, 2021

 

 

July 2, 2021

 

 

October 1, 2021

 

 

December 31, 2021

 

Revenue from continuing operations before reimbursements

 

$

63,410

 

 

$

72,997

 

 

$

71,400

 

 

$

69,776

 

Operating income (1)

 

$

8,853

 

 

$

14,217

 

 

$

11,405

 

 

$

12,001

 

Income from continuing operations before income taxes (1)

 

$

8,828

 

 

$

14,192

 

 

$

11,379

 

 

$

11,982

 

Loss from discontinued operations (2)

 

$

(7

)

 

$

-

 

 

$

-

 

 

$

-

 

Net income (1)

 

$

6,361

 

 

$

10,532

 

 

$

8,131

 

 

$

16,521

 

Basic net income per common share (3):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income per common share from continuing operations

 

$

0.21

 

 

$

0.35

 

 

$

0.27

 

 

$

0.55

 

Loss per common share from discontinued operations (2)

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

Basic net income per common share

 

$

0.21

 

 

$

0.35

 

 

$

0.27

 

 

$

0.55

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Diluted net income (loss) per common share (3):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income per common share from continuing operations

 

$

0.19

 

 

$

0.32

 

 

$

0.25

 

 

$

0.50

 

Loss per common share from discontinued operations (2)

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

Diluted net income per common share

 

$

0.19

 

 

$

0.32

 

 

$

0.25

 

 

$

0.50

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Quarter Ended

 

 

 

March 27, 2020

 

 

June 26, 2020

 

 

September 25, 2020

 

 

January 1, 2021

 

Revenue from continuing operations before reimbursements

 

$

65,186

 

 

$

52,632

 

 

$

57,769

 

 

$

59,223

 

Operating income (loss) (1)

 

$

7,708

 

 

$

(5,078

)

 

$

4,527

 

 

$

1,485

 

Income (loss) from continuing operations (1)

 

$

5,535

 

 

$

(3,933

)

 

$

3,143

 

 

$

900

 

Loss from discontinued operations (2)

 

$

(8

)

 

$

-

 

 

$

(157

)

 

$

(7

)

Net income (loss) (1)

 

$

5,527

 

 

$

(3,933

)

 

$

2,986

 

 

$

893

 

Basic net income (loss) per common share (3):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income (loss) per common share from continuing operations

 

$

0.19

 

 

$

(0.13

)

 

$

0.11

 

 

$

0.03

 

Loss per common share from discontinued operations (2)

 

$

-

 

 

$

-

 

 

$

(0.01

)

 

$

-

 

Basic net income (loss) per common share

 

$

0.19

 

 

$

(0.13

)

 

$

0.10

 

 

$

0.03

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Diluted net income (loss) per common share (3):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income (loss) per common share from continuing operations

 

$

0.17

 

 

$

(0.13

)

 

$

0.10

 

 

$

0.03

 

Loss per common share from discontinued operations (2)

 

$

-

 

 

$

-

 

 

$

(0.01

)

 

$

-

 

Diluted net income (loss) per common share

 

$

0.17

 

 

$

(0.13

)

 

$

0.09

 

 

$

0.03

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(1)

The second quarter of 2021 included a $5.3 million software resale transaction. The second quarter of 2020 included restructuring charges of $5.0 million and the fourth quarter of 2020 included asset impairments of $3.9 million and restructuring charges of $1.6 million.

(2)

Discontinued operations relate to the discontinuance of the European based REL Working Capital group in 2018.

(3)

The fourth quarter of 2021 included a tax benefit for the exercise of 2.9 million SARs. Quarterly basic and diluted net income per common share were computed independently for each quarter and do not necessarily total to the year to date basic and diluted net income per common share.