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Summary of Significant Accounting Policies Summary of Significant Accounting Policies (Tables)
 12 Months Ended
Dec. 31, 2014
Accounting Policies [Abstract]  
Revenue by vertical market
CTG’s revenue by vertical market as a percentage of consolidated revenue for the years ended December 31, 2014, 2013 and 2012 is as follows:
 
 
2014
 
2013
 
2012
Healthcare
28.6
%
 
31.4
%
 
33.0
%
Technology service providers
26.4
%
 
28.0
%
 
30.8
%
Financial services
7.9
%
 
6.8
%
 
6.1
%
Energy
6.1
%
 
6.2
%
 
6.0
%
General markets
31.0
%
 
27.6
%
 
24.1
%
Total
100.0
%
 
100.0
%
 
100.0
%
Revenue by contract type
The Company’s revenue from contracts accounted for under time-and-material, progress billing, and percentage-of-completion methods as a percentage of consolidated revenue for the years ended December 31, 2014, 2013 and 2012 is as follows:
 
2014
 
2013
 
2012
Time-and-material
86.2
%
 
88.8
%
 
90.3
%
Progress billing
11.2
%
 
8.8
%
 
7.9
%
Percentage-of-completion
2.6
%
 
2.4
%
 
1.8
%
Total
100.0
%
 
100.0
%
 
100.0
%
Basic and diluted earnings per share (EPS)
Basic and diluted earnings per share (EPS) for the years ended December 31, 2014, 2013, and 2012 are as follows:
For the year ended
Net
Income
 
Weighted
Average
Shares
 
Earnings
per
Share
(amounts in thousands, except per-share data)
 
 
 
 
 
December 31, 2014
 
 
 
 
 
Basic EPS
$
10,350

 
15,120

 
$
0.68

Dilutive effect of outstanding equity instruments
—

 
1,140

 
(0.04
)
Diluted EPS
$
10,350

 
16,260

 
$
0.64

December 31, 2013
 
 
 
 
 
Basic EPS
$
15,679

 
15,365

 
$
1.02

Dilutive effect of outstanding equity instruments
—

 
1,589

 
(0.10
)
Diluted EPS
$
15,679

 
16,954

 
$
0.92

December 31, 2012
 
 
 
 
 
Basic EPS
$
16,165

 
15,172

 
$
1.07

Dilutive effect of outstanding equity instruments
—

 
1,669

 
(0.11
)
Diluted EPS
$
16,165

 
16,841

 
$
0.96
Schedule of accumulated other comprehensive Income (Loss)
The components that comprised accumulated other comprehensive loss on the consolidated balance sheets at December 31, 2014, 2013, and 2012 are as follows:
 
 
2014
 
2013
 
2012
(amounts in thousands)
 
 
 
 
 
Foreign currency adjustment
$
(5,811
)
 
$
(3,537
)
 
$
(4,254
)
Pension loss adjustment, net of tax of $1,233 in 2014, $805 in 2013, and $1,040 in 2012
(9,782
)
 
(5,168
)
 
(6,426
)
 
$
(15,593
)
 
$
(8,705
)
 
$
(10,680
)
Schedule of net benefit costs
During 2014 and 2013, actuarial losses were amortized to expense as follows:
(amounts in thousands)
2014
 
2013
Amortization of actuarial losses
$
201

 
$
277

Income tax
(51
)
 
(72
)
Net of tax
$
150

 
$
205