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SUPPLEMENTAL FINANCIAL STATEMENT DATA

6 Months Ended

Jul. 01, 2022

SUPPLEMENTAL FINANCIAL STATEMENT DATA

4. SUPPLEMENTAL FINANCIAL STATEMENT DATA

Accounts Receivable

From time to time, in connection with factoring agreements, the Company sells trade accounts receivable without recourse to third party purchasers in exchange for cash. During the six months ended July 1, 2022, the Company did not sell any trade accounts receivable. During the six months ended July 2, 2021, the Company sold trade accounts receivable and received cash proceeds of $8.0 million. The discounts on the trade accounts receivable sold were $0.8 million and were recorded within “Other, net” in other income (expense) in the condensed consolidated financial statements.

Equipment and Leasehold Improvements


	July 1,		December 31,
	2022		2021
	(in thousands)
Furniture and fixtures	$	4,018	$	4,070
Computer hardware and software		30,659		26,425
Leasehold improvements		3,011		3,011
Equipment under finance leases		4,541		3,286
Automobiles, trucks, and field equipment		3,111		3,099
Subtotal		45,340		39,891
Accumulated depreciation and amortization		(25,958)		(23,134)
Equipment and leasehold improvements, net	$	19,382	$	16,757

Included in accumulated depreciation and amortization is $0.5 million and $0.6 million of amortization expense related to equipment held under finance leases for the six months ended July 1, 2022 and for fiscal year 2021, respectively.

Accrued Liabilities


	July 1,		December 31,
	2022		2021
	(in thousands)
Accrued subcontractor costs	$	22,938	$	19,727
Other		4,263		2,750
Employee withholdings		2,943		2,665
Compensation and payroll taxes		2,546		2,244
Accrued bonuses		1,733		7,767
Accrued workers’ compensation insurance		571		527
Total accrued liabilities	$	34,994	$	35,680

Goodwill


	December 31,		Additional		Additions /		July 1,
	2021		Purchase Cost		Adjustments		2022
	(in thousands)
Reporting Unit:
Energy	$	129,375	$	—	$	—	$	129,375
Engineering and Consulting		749		—		—		749
	$	130,124	$	—	$	—	$	130,124

The Company tests for impairment, at a minimum, on an annual basis or earlier when certain events or changes in circumstances indicate that goodwill may more likely than not be impaired. The Company evaluated the current economic impact caused by the Covid-19 pandemic to assess a potential impairment of goodwill and noted that it does not believe it is more likely than not that goodwill was impaired as of July 1, 2022.

Intangible Assets


	July 1, 2022				December 31, 2021
	Gross		Accumulated		Gross		Accumulated		Amortization
	Amount		Amortization		Amount		Amortization		Period
	(in thousands)								(in years)
Finite:
Backlog	$	7,944	$	7,655	$	7,944	$	7,222	1.0
Tradename		15,911		9,993		15,911		8,997	2.5	-	6.0
Non-compete agreements		1,420		1,420		1,420		1,413	4.0	-	5.0
Developed technology		15,810		10,411		15,500		8,950	8.0
Customer relationships		58,149		22,731		58,149		19,939	5.0	-	8.0
Total finite intangible assets		99,234		52,210		98,924		46,521
In-process research and technology ⁽¹⁾		—		—		310		—
Total intangible assets	$	99,234	$	52,210	$	99,234	$	46,521

(1)

In-process research and technology will not be amortized until put into use.

During the six months ended July 1, 2022, the Company reclassified $0.3 million of in-process research and technology to developed technology and commenced amortization over its estimated useful life.