Summary of Significant Accounting Policies (Tables)

6 Months Ended

Jul. 02, 2021

Accounting Policies [Abstract]

Summary of IT Solutions and IT and Other Staffing Revenue as Percentage of Total Revenue

IT solutions and IT and other staffing revenue as a percentage of total revenue for the quarter and two quarters ended July 2, 2021 and June 26, 2020 was as follows:

	For the Quarter Ended						For the Two Quarters Ended
	July 2, 2021			June 26, 2020			July 2, 2021			June 26, 2020
IT solutions		44.9	%		42.1	%		44.8	%		41.0	%
IT and other staffing		55.1	%		57.9	%		55.2	%		59.0	%
Total		100.0	%		100.0	%		100.0	%		100.0	%

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 July 2, 2021 and June 26, 2020 was as follows:

	For the Quarter Ended						For the Two Quarters Ended
	July 2, 2021			June 26, 2020			July 2, 2021			June 26, 2020
Technology service providers		28.9	%		29.4	%		28.6	%		31.3	%
Financial services		17.5	%		16.0	%		17.4	%		15.4	%
Healthcare		14.5	%		13.8	%		15.0	%		13.7	%
Manufacturing		12.7	%		13.8	%		12.6	%		14.5	%
Energy		5.9	%		7.5	%		5.7	%		7.0	%
General markets		20.5	%		19.5	%		20.7	%		18.1	%
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 July 2, 2021 and June 26, 2020 was as follows:

	For the Quarter Ended						For the Two Quarters Ended
	July 2, 2021			June 26, 2020			July 2, 2021			June 26, 2020
Time-and-material		79.2	%		78.9	%		79.3	%		80.5	%
Progress billing		18.7	%		16.2	%		18.4	%		15.1	%
Percentage-of-completion		2.1	%		4.9	%		2.3	%		4.4	%
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 July 2, 2021 and June 26, 2020 as follows:

For the Quarter Ended:	July 2, 2021					June 26, 2020					Year-over-Year Change
(amounts in thousands)
North America		51.0	%	$	47,002		55.4	%	$	49,357		(4.8	)%
Europe		49.0	%		45,162		44.6	%		39,789		13.5	%
Total		100.0	%	$	92,164		100.0	%	$	89,146		3.4	%
For the Two Quarters Ended:	July 2, 2021					June 26, 2020					Year-over-Year Change
(amounts in thousands)
North America		51.2	%	$	96,854		56.6	%	$	99,664		(2.8	)%
Europe		48.8	%		92,439		43.4	%		76,431		20.9	%
Total		100.0	%	$	189,293		100.0	%	$	176,095		7.5	%

Schedule of Property, Equipment and Capitalized Software

Property, equipment and capitalized software at July 2, 2021 and December 31, 2020 were recorded as follows:     

(amounts in thousands)	July 2, 2021			December 31, 2020
Property, equipment and capitalized software	$	15,355		$	14,543
Accumulated depreciation and amortization		(9,847	)		(9,028	)
Property, equipment and capitalized software, net	$	5,508		$	5,515

Schedule of Capitalized Software Costs

The Company capitalizes software projects developed for commercial use. The Company recorded capitalized software costs during the quarter and two quarters ended July 2, 2021 and June 26, 2020 as follows

	For the Quarter Ended					For the Two Quarters Ended
(amounts in thousands)	July 2, 2021			June 26, 2020		July 2, 2021		June 26, 2020
Capitalized software, beginning balance	$	2,423		$	2,438	$	2,397	$	2,147
Additions		—			303		—		594
Foreign currency translation		(7	)		—		19		—
Capitalized software	$	2,416		$	2,741	$	2,416	$	2,741

Schedule of Amortization Expense and Accumulated Amortization

Amortization expense and accumulated amortization for these projects for the quarter and two quarters ended July 2, 2021 and June 26, 2020 are as follows:

	For the Quarter Ended				For the Two Quarters Ended
(amounts in thousands)	July 2, 2021		June 26, 2020		July 2, 2021		June 26, 2020
Accumulated amortization, beginning balance	$	1,415	$	971	$	1,280	$	866
Amortization expense		118		105		253		210
Accumulated amortization	$	1,533	$	1,076	$	1,533	$	1,076

Summary of Changes in Carrying Amount of Goodwill

The changes in the carrying amount of goodwill for the quarter and two quarters ended July 2, 2021 are as follows:

(amounts in thousands)
Balance at December 31, 2020	$	21,275
Foreign currency translation		(727	)
Balance at July 2, 2021	$	20,548

Summary of Acquired Intangible Assets

Acquired intangible assets at July 2, 2021 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	$	(1,492	)	$	(5	)	$	35
Technology	10 years		591		(84	)		37			544
Customer relationships	7-13 years		10,496		(2,755	)		(155	)		7,586
Total		$	12,619	$	(4,331	)	$	(123	)	$	8,165

Summary of Estimated Amortization Expense

Estimated amortization expense for the remainder of 2021, the five succeeding years, and thereafter is as follows:

Year	Annual Amortization
(amounts in thousands)
2021 (remaining)	$	562
2022		1,080
2023		1,070
2024		1,070
2025		1,070
2026		1,070
Thereafter		2,243
Total	$	8,165