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SEGMENT AND GEOGRAPHICAL INFORMATION | 12 Months Ended
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Dec. 30, 2022
SEGMENT AND GEOGRAPHICAL INFORMATION |
SEGMENT AND GEOGRAPHICAL INFORMATION | 9. SEGMENT AND GEOGRAPHICAL INFORMATION Segment Information The Company’s two segments are Energy and Engineering and Consulting, and the Company’s chief operating decision maker, which continues to be its chief executive officer, receives and reviews financial information in this format. There were no intersegment sales during the fiscal years 2022, 2021, or 2020. The Company’s chief operating decision maker evaluates the performance of each segment based upon income or loss from operations before income taxes. Certain segment asset information including expenditures for long-lived assets has not been presented as it is not reported to or reviewed by the chief operating decision maker. In addition, enterprise-wide service line contract revenue is not included as it is impracticable to report this information for each group of similar services. Financial information with respect to the reportable segments and reconciliation to the amounts reported in the Company’s consolidated financial statements follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | Engineering | ​ | Unallocated | ​ | ​ | ​ | ​ | Consolidated
​ | ​ | Energy |  | & Consulting |  | Corporate |  | Intersegment |  | Total
​ | ​ | (in thousands)
Fiscal Year 2022 | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Contract revenue | ​ | $ | 357,460 | ​ | $ | 71,678 | ​ | $ | — | ​ | $ | — | ​ | $ | 429,138
Depreciation and amortization | ​ |  | 16,507 | ​ |  | 982 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 17,489
Interest expense | ​ |  | 11 | ​ |  | — | ​ | ​ | 5,317 | ​ | ​ | — | ​ | ​ | 5,328
Segment profit (loss) before income tax expense | ​ |  | (9,544) | ​ |  | 10,896 | ​ | ​ | (12,804) | ​ |  | — | ​ |  | (11,452)
Income tax (benefit) expense | ​ |  | (2,504) | ​ |  | 2,858 | ​ | ​ | (3,358) | ​ |  | — | ​ | ​ | (3,004)
Net income (loss) | ​ |  | (7,041) | ​ |  | 8,037 | ​ | ​ | (9,444) | ​ |  | — | ​ |  | (8,448)
Segment assets (1) | ​ |  | 342,067 | ​ |  | 22,034 | ​ | ​ | 68,703 | ​ |  | (23,130) | ​ |  | 409,674
Fiscal Year 2021 | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Contract revenue | ​ | $ | 286,385 | ​ | $ | 67,370 | ​ | $ | — | ​ | $ | — | ​ | $ | 353,755
Depreciation and amortization | ​ |  | 16,156 | ​ |  | 990 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 17,146
Interest expense | ​ |  | 8 | ​ |  | — | ​ | ​ | 3,861 | ​ | ​ | — | ​ | ​ | 3,869
Segment profit (loss) before income tax expense | ​ |  | (4,808) | ​ |  | 9,135 | ​ | ​ | (16,731) | ​ |  | — | ​ |  | (12,404)
Income tax (benefit) expense | ​ |  | (1,546) | ​ |  | 2,936 | ​ | ​ | (5,377) | ​ |  | — | ​ | ​ | (3,987)
Net income (loss) | ​ |  | (3,263) | ​ |  | 6,198 | ​ | ​ | (11,352) | ​ |  | — | ​ |  | (8,417)
Segment assets (1) | ​ |  | 363,232 | ​ |  | 21,423 | ​ | ​ | 32,897 | ​ |  | (23,130) | ​ |  | 394,422
Fiscal Year 2020 | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Contract revenue | ​ | $ | 324,178 | ​ | $ | 66,802 | ​ | $ | — | ​ | $ | — | ​ | $ | 390,980
Depreciation and amortization | ​ |  | 17,666 | ​ |  | 1,077 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 18,743
Interest expense | ​ |  | 32 | ​ |  | — | ​ | ​ | 5,036 | ​ | ​ | — | ​ | ​ | 5,068
Segment profit (loss) before income tax expense | ​ |  | (9,963) | ​ |  | 9,500 | ​ | ​ | (19,206) | ​ |  | — | ​ |  | (19,669)
Income tax (benefit) expense | ​ |  | (2,621) | ​ |  | 2,499 | ​ | ​ | (5,051) | ​ |  | — | ​ | ​ | (5,173)
Net income (loss) | ​ |  | (7,343) | ​ |  | 7,002 | ​ | ​ | (14,155) | ​ |  | — | ​ |  | (14,496)
Segment assets (1) | ​ |  | 337,739 | ​ |  | 21,796 | ​ | ​ | 66,619 | ​ |  | (23,130) | ​ |  | 403,024
(1) | Segment assets are presented net of intercompany receivables.
​ The following tables provide information about disaggregated revenue by contract type, client type and geographical region: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | 2022
​ |  | Energy |  | Engineering and Consulting |  | Total
​ |  | (in thousands, except percentage)
Contract Type | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Time-and-materials | ​ | $ | 32,491 | ​ | $ | 53,584 | ​ | $ | 86,075
Unit-based | ​ | ​ | 180,509 | ​ | ​ | 14,296 | ​ | ​ | 194,805
Fixed price | ​ | ​ | 144,460 | ​ | ​ | 3,798 | ​ | ​ | 148,258
Total (1) | ​ | $ | 357,460 | ​ | $ | 71,678 | ​ | $ | 429,138
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Client Type | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Commercial | ​ | $ | 29,782 | ​ | $ | 5,566 | ​ | $ | 35,348
Government | ​ | ​ | 126,494 | ​ | ​ | 65,969 | ​ | ​ | 192,463
Utilities | ​ | ​ | 201,184 | ​ | ​ | 143 | ​ | ​ | 201,327
Total (1) | ​ | $ | 357,460 | ​ | $ | 71,678 | ​ | $ | 429,138
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Geography (1) | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Domestic | ​ | $ | 357,460 | ​ | $ | 71,678 | ​ | $ | 429,138
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | 2021
​ |  | Energy |  | Engineering and Consulting |  | Total
​ |  | (in thousands, except percentage)
Contract Type | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Time-and-materials | ​ | $ | 34,004 | ​ | $ | 52,209 | ​ | $ | 86,213
Unit-based | ​ | ​ | 180,311 | ​ | ​ | 10,688 | ​ | ​ | 190,999
Fixed price | ​ | ​ | 72,069 | ​ | ​ | 4,474 | ​ | ​ | 76,543
Total (1) | ​ | $ | 286,384 | ​ | $ | 67,371 | ​ | $ | 353,755
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Client Type | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Commercial | ​ | $ | 24,541 | ​ | $ | 5,323 | ​ | $ | 29,864
Government | ​ | ​ | 65,249 | ​ | ​ | 61,899 | ​ | ​ | 127,148
Utilities | ​ | ​ | 196,594 | ​ | ​ | 149 | ​ | ​ | 196,743
Total (1) | ​ | $ | 286,384 | ​ | $ | 67,371 | ​ | $ | 353,755
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Geography (1) | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Domestic | ​ | $ | 286,384 | ​ | $ | 67,371 | ​ | $ | 353,755
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | 2020
​ |  | Energy |  | Engineering and Consulting |  | Total
​ |  | (in thousands, except percentage)
Contract Type | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Time-and-materials | ​ | $ | 47,912 | ​ | $ | 53,840 | ​ | $ | 101,752
Unit-based | ​ | ​ | 170,991 | ​ | ​ | 9,195 | ​ | ​ | 180,186
Fixed price | ​ | ​ | 105,275 | ​ | ​ | 3,767 | ​ | ​ | 109,042
Total (1) | ​ | $ | 324,178 | ​ | $ | 66,802 | ​ | $ | 390,980
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Client Type | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Commercial | ​ | $ | 36,212 | ​ | $ | 5,155 | ​ | $ | 41,367
Government | ​ | ​ | 93,821 | ​ | ​ | 61,412 | ​ | ​ | 155,233
Utilities | ​ | ​ | 194,145 | ​ | ​ | 235 | ​ | ​ | 194,380
Total (1) | ​ | $ | 324,178 | ​ | $ | 66,802 | ​ | $ | 390,980
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Geography (1) | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Domestic | ​ | $ | 324,178 | ​ | $ | 66,802 | ​ | $ | 390,980
(1) | Revenue from our foreign operations were immaterial for fiscal years 2022, 2021, and 2020.
​ The following sets forth the assets that are included in Unallocated Corporate as of December 30, 2022 and December 31, 2021. ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | 2022 |  | 2021
​ | ​ | (in thousands)
Assets: | ​ | ​ | ​ | ​ | ​ | ​
Cash and cash equivalents | ​ | $ | 8,806 | ​ | $ | 11,221
Restricted cash | ​ | ​ | 10,679 | ​ | ​ | —
Accounts Receivable, net | ​ | ​ | (11,793) | ​ | ​ | (40,441)
Prepaid expenses | ​ |  | 3,366 | ​ |  | 2,811
Intercompany receivables | ​ |  | 1,706,878 | ​ |  | 1,131,100
Goodwill | ​ | ​ | 2 | ​ | ​ | 2
Other receivables | ​ |  | 4,154 | ​ |  | 4,328
Equipment and leasehold improvements, net | ​ |  | 1,680 | ​ |  | 1,190
Investments in subsidiaries | ​ |  | 32,885 | ​ |  | 36,084
ROU Assets | ​ | ​ | 126 | ​ | ​ | 452
Other | ​ |  | 254 | ​ |  | 399
Deferred income taxes | ​ | ​ | 18,543 | ​ | ​ | 16,849
​ | ​ | $ | 1,775,580 | ​ | $ | 1,163,995
​ Geographical Information ​ Substantially all of the Company’s consolidated revenue was derived from its operations in the U.S. In connection with the Company’s acquisition of E3, Inc. in October 28, 2019, the Company expanded its operations into Canada. Revenues from the Company’s Canadian operations were not material for fiscal years 2022, 2021, and 2020. Customer Concentration For fiscal years 2022, 2021, and 2020, the Company’s top 10 customers accounted for 54.6%, 49.2%, and 48.0%, respectively, of the Company’s consolidated contract revenue. During fiscal years 2022, 2021, and 2020, the Company had individual customers that accounted for more than 10% of its consolidated contract revenues. For fiscal year 2022, the Company derived 12.0% of its consolidated contract revenue from one customer, Los Angeles Department of Water and Power (“LADWP”). For fiscal year 2021, the Company derived 10.8% of its consolidated contract revenue from one customer, LADWP. For fiscal year 2020, the Company derived 10.2% of its consolidated contract revenue from one customer, LADWP. On a segment basis, the Company also had individual customers that accounted for more than 10% of its segment contract revenues. For fiscal year 2022, the Company derived 14.4% of its Energy segment revenues from one customer, LADWP, and had no individual customers that accounted for more than 10% of its Engineering and Consulting segment revenues. For fiscal year 2021, the Company derived 34.5% of its Energy segment revenues from three customers, LADWP, Duke Energy and Consolidated Edison of New York, and it derived 10.3% of its Engineering and Consulting segment revenues from one customer, the City of Elk Grove. For fiscal year 2020, the Company derived 22.5% of its Energy segment revenues from two customers, LADWP and The Dormitory Authority State of New York (“DASNY”), and it derived 18.2% of its Engineering and Consulting segment revenues from one customer, the City of Elk Grove. The Company’s largest clients are based in California and New York. In fiscal years 2022, 2021, and 2020, services provided to clients in California accounted for 41.7%, 36.8%, and 37.0%, respectively, of the Company’s contract revenue, and services provided to clients in New York accounted for 22.8%, 21.0%, and 19.2%, respectively, of the Company’s contract revenue. ​ ​

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8924-108599 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8981-108599 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8721-108599 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9031-108599 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (f) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8933-108599 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (e) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (d) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8933-108599 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8736-108599 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9054-108599 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 15 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8657-108599 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8721-108599 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI https://asc.fasb.org/topic&trid=2134510 + Details
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