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ORGANIZATION AND OPERATIONS OF THE COMPANY (Tables)

12 Months Ended

Dec. 27, 2019

ORGANIZATION AND OPERATIONS OF THE COMPANY

Schedule of cumulative effect of initially applying ASC 606 as an adjustment to retained earnings

The Company recognized the cumulative effect of initially applying ASC 606 as an adjustment to retained earnings in the balance sheet as of December 30, 2017 as follows:

		Balance at			Adjustments			Balance at
		December 29,			Due to			December 30,
		2017			ASC 606			2017
		(in thousands)
Assets
Accounts receivable, net of allowance for doubtful accounts		$	38,441		$	(8,560)		$	29,881
Contract assets		$	24,732		$	9,328		$	34,060
Liabilities
Deferred income taxes, net		$	2,463		$	(215)		$	2,248
Equity
Retained earnings		$	19,588		$	553		$	20,141

The impact of adoption on its condensed consolidated balance sheet and cash flows for the fiscal year ended December 28, 2018 was as follows:

		For the year ended December 28, 2018
		As			Balances Without			Effect of Change
		Reported			Adoption of ASC 606			Higher/(Lower)
		(in thousands)
Assets
Accounts receivable, net of allowance for doubtful accounts		$	61,346		$	68,240		$	(6,894)
Contract assets		$	51,851		$	44,981		$	6,870
Liabilities
Deferred income taxes, net		$	—		$	112		$	(112)
Equity
Retained earnings		$	30,171		$	29,889		$	282

		For the year ended December 28, 2018
		As			Balances Without			Effect of Change
		Reported			Adoption of ASC 606			Higher/(Lower)
		(in thousands)
Cash flows from operating activities
Accounts receivable, net of allowance for doubtful accounts		$	3,177		$	(3,717)		$	6,894
Contract assets			(11,539)			(4,645)			(6,894)
Total cash flows used in operating activities		$	(8,362)		$	(8,362)		$	—

Schedule of contracts by reportable segments and type of contracts

Segment	Contract Type	Revenue Recognition Method
	Time-and-materials	Time-and-materials
Energy	Unit-based	Unit-based
	Software license	Unit-based
	Fixed price	Percentage-of-completion
	Time-and-materials	Time-and-materials
Engineering and Consulting	Unit-based	Unit-based
	Fixed price	Percentage-of-completion

Schedule of the estimated useful lives used to calculate depreciation and amortization

Category		Estimated Useful Life
Furniture and fixtures		5	years
Computer hardware		3	years
Computer software		3	years
Automobiles and trucks		3	years
Field equipment		5	years

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Tabular disclosure of changes in accounting principles, including adoption of new accounting pronouncements, that describes the new methods, amount and effects on financial statement line items.

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