Financial Statements

6 Months Ended

Jul. 01, 2022

Organization Consolidation And Presentation Of Financial Statements [Abstract]

Financial Statements

1. Financial Statements

The condensed consolidated financial statements included herein reflect, in the opinion of the management of Computer Task Group, Incorporated (“CTG” or “the Company”), all normal recurring adjustments necessary to present fairly the condensed consolidated financial position, results of operations, comprehensive income, cash flows, and shareholders’ equity for the periods presented. Certain prior period amounts were reclassified to conform to the current year’s presentation. These condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and notes thereto included in the Company's latest Annual Report on Form 10‑K filed with the SEC.

The Company's fiscal year-end is December 31. During the year, the quarters generally consist of a 13-week fiscal period where the last day of each of the first three quarters is a Friday. The 2022 second quarter began on April 2, 2022 and ended on July 1, 2022. The 2021 second quarter began on April 3, 2021 and ended on July 2, 2021. There were 64 billable days in both the 2022 and 2021 second quarters, and 129 billable days in both the 2022 and 2021 year-to-date periods.