Note 13 - Segment Information

6 Months Ended

Jul. 01, 2023

Notes to Financial Statements

Segment Reporting Disclosure [Text Block]

13.    Segment Information

The Company follows ASC 280, “Segment Reporting,” which establishes standards for companies to report information about operating segments, geographic areas and major customers. The accounting policies of each reportable segment are the same as those described in the summary of significant accounting policies (see Note 1 to the Company’s Consolidated Financial Statements included in its Annual Report on Form 10-K for the year ended December 31, 2022).

Segment operating income includes selling, general and administrative expenses directly attributable to that segment as well as charges for allocating corporate costs to each of the operating segments. The following tables reflect the results of the reportable segments consistent with the Company’s management system:

Thirteen Weeks Ended July 1, 2023	Specialty Health Care		Engineering		Life Sciences and IT		Corporate		Total
Revenue	$	35,528	$	21,014	$	10,493	$	-	$	67,035
Cost of services		25,727		16,192		6,356		-		48,275
Gross profit		9,801		4,822		4,137		-		18,760
Selling, general and administrative		6,043		4,380		2,300		-		12,723
Depreciation and amortization of property and equipment		92		116		34		-		242
Amortization of acquired intangible assets		-		-		46		-		46
Operating income	$	3,666	$	326	$	1,757	$	-	$	5,749
Total assets as of July 1, 2023	$	39,961	$	42,668	$	17,947	$	4,961	$	105,537
Property and equipment acquired	$	29	$	190	$	2	$	7	$	228

Thirteen Weeks Ended July 2, 2022	Specialty Health Care		Engineering		Life Sciences and IT		Corporate		Total
Revenue	$	43,457	$	20,906	$	9,983	$	-	$	74,346
Cost of services		30,575		15,395		6,693		-		52,663
Gross profit		12,882		5,511		3,290		-		21,683
Selling, general and administrative		7,179		4,107		1,978		-		13,264
Depreciation and amortization of property and equipment		97		103		25		-		225
Operating income	$	5,606	$	1,300	$	1,288		-	$	8,194
Total assets as of July 2, 2022	$	29,889	$	29,523	$	7,962	$	5,051	$	72,425
Property and equipment acquired	$	21	$	124	$	43	$	4	$	192

Twenty-Six Weeks Ended July 1, 2023	Specialty Health Care		Engineering			Life Sciences and IT		Corporate		Total
Revenue	$	74,658	$	39,504		$	19,997	$	-	$	134,159
Cost of services		53,185		30,365			12,555		-		96,375
Gross profit		21,473		8,869			7,442		-		37,784
Selling, general and administrative		13,241		8,298			4,580		-		26,119
Depreciation and amortization of property and equipment		199		244			70		-		513
Amortization of acquired intangible assets		-		-			91		-		91
Gain on sale of assets		-		(395	)		-		-		(395	)
Operating income	$	8,033	$	722		$	2,701	$	-	$	11,456
Total assets as of July 1, 2023	$	39,961	$	42,668		$	17,947	$	4,961	$	105,537
Property and equipment acquired	$	47	$	478		$	19	$	15	$	559

Twenty-Six Weeks Ended July 2, 2022	Specialty Health Care		Engineering		Life Sciences and IT		Corporate		Total
Revenue	$	95,641	$	40,804	$	19,862	$	-	$	156,307
Cost of services		67,758		30,059		13,387		-		111,204
Gross profit		27,883		10,745		6,475		-		45,103
Selling, general and administrative		15,149		8,219		4,043		-		27,411
Depreciation and amortization of property and equipment		217		199		47		-		463
Operating income	$	12,517	$	2,327	$	2,385	$	-	$	17,229
Total assets as of July 2, 2022	$	29,889	$	29,523	$	7,962	$	5,051	$	72,425
Property and equipment acquired	$	48	$	289	$	63	$	9	$	409

The Company derives a majority of its revenue from offices in the United States. Revenues reported for each operating segment are all from external customers. The Company is domiciled in the United States and its segments operate in the United States, Canada, Puerto Rico and Europe. Revenue by geographic area for the thirteen and twenty-six weeks ended July 1, 2023 and July 2, 2022 was as follows:

	Thirteen Weeks Ended				Twenty-Six Weeks Ended
	July 1, 2023		July 2, 2022		July 1, 2023		July 2, 2022
Revenue
United States	$	62,797	$	71,189	$	126,120	$	149,982
Canada		1,832		1,235		3,413		2,464
Puerto Rico		1,540		1,279		3,102		2,499
Europe		866		643		1,524		1,362
	$	67,035	$	74,346	$	134,159	$	156,307

Total assets by geographic area as of the reported periods were as follows:

	July 1, 2023		December 31, 2022
Total assets
United States	$	97,247	$	81,558
Canada		2,037		1,640
Puerto Rico		2,346		1,401
Europe		3,907		3,365
	$	105,537	$	87,964