Summary of Significant Accounting Policies (Tables)

6 Months Ended

Jun. 30, 2023

Accounting Policies [Abstract]

Summary of IT Solutions and Services and Non-Strategic Technology Services as Percentage of Total Revenue

The segment revenue for the quarter and two quarters ended June 30, 2023 and July 1, 2022 was as follows:

For the Quarter Ended:											Year-over-Year
(amounts in thousands)	June 30, 2023					July 1, 2022					Change
North America IT Solutions and Services		34.8	%	$	25,997		24.6	%	$	20,339		27.8	%
Europe IT Solutions and Services		51.5	%		38,393		44.9	%		37,160		3.3	%
Non-Strategic Technology Services		13.7	%		10,198		30.5	%		25,260		(59.6	)%
Total		100.0	%	$	74,588		100.0	%	$	82,759		(9.9	)%

For the Two Quarters Ended:											Year-over-Year
(amounts in thousands)	June 30, 2023					July 1, 2022					Change
North America IT Solutions and Services		32.2	%	$	49,193		23.7	%	$	40,773		20.7	%
Europe IT Solutions and Services		51.4	%		78,486		46.2	%		79,638		(1.4	)%
Non-Strategic Technology Services		16.4	%		25,111		30.1	%		51,765		(51.5	)%
Total		100.0	%	$	152,790		100.0	%	$	172,176		(11.3	)%

Revenue by Vertical Market as Percentage of Total Revenue

The Company’s revenue by vertical market as a percentage of total revenue for the quarter and two quarters ended June 30, 2023 and July 1, 2022 was as follows:

	For the Quarter Ended						For the Two Quarters Ended
	June 30, 2023			July 1, 2022			June 30, 2023			July 1, 2022
Healthcare		23.4	%		17.6	%		20.9	%		17.5	%
Financial services		16.7	%		15.3	%		17.1	%		15.8	%
Technology service providers		14.8	%		24.2	%		15.5	%		23.9	%
Manufacturing		13.7	%		15.2	%		15.1	%		14.5	%
Energy		6.5	%		6.6	%		6.4	%		5.9	%
General markets		24.9	%		21.1	%		25.0	%		22.4	%
Total		100.0	%		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 quarter and two quarters ended June 30, 2023 and July 1, 2022 was as follows:

	For the Quarter Ended						For the Two Quarters Ended
	June 30, 2023			July 1, 2022			June 30, 2023			July 1, 2022
Time-and-material		74.5	%		77.7	%		76.6	%		77.6	%
Progress billing		18.6	%		17.7	%		16.9	%		18.1	%
Percentage-of-completion		6.9	%		4.6	%		6.5	%		4.3	%
Total		100.0	%		100.0	%		100.0	%		100.0	%

Schedule of Revenue by Geographic Location

The Company recorded revenue in the quarter and two quarters ended June 30, 2023 and July 1, 2022 as follows:

For the Quarter Ended:	June 30, 2023					July 1, 2022					Year-over-Year Change
(amounts in thousands)
North America		48.2	%	$	35,970		54.4	%	$	45,042		(20.1	)%
Europe		51.8	%		38,618		45.6	%		37,717		2.4	%
Total		100.0	%	$	74,588		100.0	%	$	82,759		(9.9	)%

For the Two Quarters Ended:	June 30, 2023					July 1, 2022					Year-over-Year Change
(amounts in thousands)
North America		48.3	%	$	73,829		53.0	%	$	91,304		(19.1	)%
Europe		51.7	%		78,961		47.0	%		80,872		(2.4	)%
Total		100.0	%	$	152,790		100.0	%	$	172,176		(11.3	)%

Schedule of Property, Equipment and Capitalized Software

Property, equipment and capitalized software at June 30, 2023 and December 31, 2022 were recorded as follows:

(amounts in thousands)	June 30, 2023			December 31, 2022
Property, equipment and capitalized software	$	16,243		$	15,086
Accumulated depreciation and amortization		(10,518	)		(10,025	)
Property, equipment and capitalized software, net	$	5,725		$	5,061

Schedule of Capitalized Software Costs

The Company capitalizes software projects developed for commercial use. The change in the Company’s capitalized software cost balance during the quarter and two quarters ended June 30, 2023 and July 1, 2022 was as follows:

	For the Quarter Ended					For the Two Quarters Ended
(amounts in thousands)	June 30, 2023		July 1, 2022			June 30, 2023		July 1, 2022
Capitalized software, beginning balance	$	1,508	$	1,573		$	1,484	$	1,607
Additions		714		—			714		—
Foreign currency translation		26		(89	)		50		(123	)
Capitalized software	$	2,248	$	1,484		$	2,248	$	1,484

Capitalized software amortization periods range from three to five years, and are evaluated periodically for propriety.

Schedule of Change in Work-in-Progress Cost

During the quarter and two quarters ended June 30, 2023 and July 1, 2022, the Company's change in work-in-progress costs related to software projects being developed was as follows:

	For the Quarter Ended					For the Two Quarters Ended
(amounts in thousands)	June 30, 2023			July 1, 2022		June 30, 2023			July 1, 2022
Capitalized software, work-in-progress, beginning balance	$	714		$	—	$	473		$	—
Additions		396			—		637			—
Placed into service		(714	)		—		(714	)		—
Capitalized software, work-in-progress, ending balance	$	396		$	—	$	396		$	—

Schedule of Amortization Expense and Accumulated Amortization

Amortization expense and accumulated amortization for these projects for the quarter and two quarters ended June 30, 2023 and July 1, 2022 are as follows:

	For the Quarter Ended				For the Two Quarters Ended
(amounts in thousands)	June 30, 2023		July 1, 2022		June 30, 2023		July 1, 2022
Accumulated amortization, beginning balance	$	1,315	$	1,050	$	1,232	$	978
Amortization expense		126		34		209		106
Accumulated amortization	$	1,441	$	1,084	$	1,441	$	1,084

Summary of Changes in Carrying Amount of Goodwill and Goodwill by Segment

The changes in the carrying amount of goodwill for the two quarters ended June 30, 2023 are as follows:

(amounts in thousands)
Balance at December 31, 2022	$	35,998
Working capital adjustment - acquisitions		(82	)
Foreign currency translation		329
Balance at June 30, 2023	$	36,245

The Company's goodwill by segment at June 30, 2023 and December 31, 2022 was as follows:

(amounts in thousands)	June 30, 2023		December 31, 2022
North America IT Solutions and Services	$	18,700	$	18,753
Europe IT Solutions and Services		17,545		17,245
Total goodwill	$	36,245	$	35,998

Summary of Acquired Intangible Assets

Acquired intangible assets at June 30, 2023 consist of the following:

(amounts in thousands)	Estimated Economic Life	Gross Carrying Amount		Accumulated Amortization			Foreign Currency Translation			Net Carrying Amount
Trademarks	2 years	$	1,532	$	(1,404	)	$	(128	)	$	—
Technology	10 years		1,141		(234	)		(13	)		894
Customer relationships	7-13 years		17,196		(4,886	)		(994	)		11,316
Total		$	19,869	$	(6,524	)	$	(1,135	)	$	12,210

Acquired intangible assets at December 31, 2022 consist of the following:

(amounts in thousands)	Estimated Economic Life	Gross Carrying Amount		Accumulated Amortization			Foreign Currency Translation			Net Carrying Amount
Trademarks	2 years	$	1,532	$	(1,380	)	$	(152	)	$	—
Technology	10 years		1,141		(161	)		(23	)		957
Customer relationships	7-13 years		17,196		(4,053	)		(1,157	)		11,986
Total		$	19,869	$	(5,594	)	$	(1,332	)	$	12,943

Summary of Estimated Amortization Expense

Estimated amortization expense for the remainder of 2023, the five succeeding years, and thereafter is as follows:

Year	Annual Amortization
(amounts in thousands)
2023 (remaining)	$	854
2024		1,709
2025		1,709
2026		1,709
2027		1,300
2028		1,218
Thereafter		3,711
Total	$	12,210