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Segment Information (Tables)
6 Months Ended
Jun. 30, 2023
Segment Reporting [Abstract]  
Schedule of Operating Segments

The operating results for the Company’s segments for the quarter and two quarters ended June 30, 2023 and July 1, 2022 were as follows:

 

Quarter Ended June 30, 2023

 

North America IT

 

 

Europe IT

 

 

Non-Strategic

 

 

 

 

(amounts in thousands)

 

Solutions & Services

 

 

Solutions & Services

 

 

Technology Services

 

 

Total

 

Revenue

 

$

25,997

 

 

$

38,393

 

 

$

10,198

 

 

 

 

Direct costs

 

 

15,485

 

 

 

29,150

 

 

 

8,958

 

 

 

 

Gross profit

 

 

10,512

 

 

 

9,243

 

 

 

1,240

 

 

 

 

Sales, solutions, delivery, and recruiting expenses

 

 

4,715

 

 

 

5,288

 

 

 

373

 

 

 

 

Contribution profit

 

$

5,797

 

 

$

3,955

 

 

$

867

 

 

 

10,619

 

General and administrative expenses

 

 

 

 

 

 

 

 

 

 

 

10,334

 

Operating income

 

 

 

 

 

 

 

 

 

 

$

285

 

 

Quarter Ended July 1, 2022

 

North America IT

 

 

Europe IT

 

 

Non-Strategic

 

 

 

 

(amounts in thousands)

 

Solutions & Services

 

 

Solutions & Services

 

 

Technology Services

 

 

Total

 

Revenue

 

$

20,339

 

 

$

37,160

 

 

$

25,260

 

 

 

 

Direct costs

 

 

13,260

 

 

 

27,578

 

 

 

22,171

 

 

 

 

Gross profit

 

 

7,079

 

 

 

9,582

 

 

 

3,089

 

 

 

 

Sales, solutions, delivery, and recruiting expenses

 

 

3,532

 

 

 

4,855

 

 

 

701

 

 

 

 

Contribution profit

 

$

3,547

 

 

$

4,727

 

 

$

2,388

 

 

 

10,662

 

General and administrative expenses

 

 

 

 

 

 

 

 

 

 

 

7,489

 

Operating income

 

 

 

 

 

 

 

 

 

 

$

3,173

 

 

Two Quarters Ended June 30, 2023

 

North America IT

 

 

Europe IT

 

 

Non-Strategic

 

 

 

 

(amounts in thousands)

 

Solutions & Services

 

 

Solutions & Services

 

 

Technology Services

 

 

Total

 

Revenue

 

$

49,193

 

 

$

78,486

 

 

$

25,111

 

 

 

 

Direct costs

 

 

29,697

 

 

 

59,919

 

 

 

22,044

 

 

 

 

Gross profit

 

 

19,496

 

 

 

18,567

 

 

 

3,067

 

 

 

 

Sales, solutions, delivery, and recruiting expenses

 

 

9,512

 

 

 

10,340

 

 

 

736

 

 

 

 

Contribution profit

 

$

9,984

 

 

$

8,227

 

 

$

2,331

 

 

 

20,542

 

General and administrative expenses

 

 

 

 

 

 

 

 

 

 

 

19,550

 

Operating income

 

 

 

 

 

 

 

 

 

 

$

992

 

 

Two Quarters Ended July 1, 2022

 

North America IT

 

 

Europe IT

 

 

Non-Strategic

 

 

 

 

(amounts in thousands)

 

Solutions & Services

 

 

Solutions & Services

 

 

Technology Services

 

 

Total

 

Revenue

 

$

40,773

 

 

$

79,638

 

 

$

51,765

 

 

 

 

Direct costs

 

 

26,832

 

 

 

59,577

 

 

 

45,422

 

 

 

 

Gross profit

 

 

13,941

 

 

 

20,061

 

 

 

6,343

 

 

 

 

Sales, solutions, delivery, and recruiting expenses

 

 

6,663

 

 

 

10,083

 

 

 

1,512

 

 

 

 

Contribution profit

 

$

7,278

 

 

$

9,978

 

 

$

4,831

 

 

 

22,087

 

General and administrative expenses

 

 

 

 

 

 

 

 

 

 

 

15,715

 

Operating income

 

 

 

 

 

 

 

 

 

 

$

6,372

 

Schedule of Goodwill by Segment

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