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SUPPLEMENTAL FINANCIAL STATEMENT DATA | 9 Months Ended
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Sep. 29, 2023
SUPPLEMENTAL FINANCIAL STATEMENT DATA |
SUPPLEMENTAL FINANCIAL STATEMENT DATA | 4. SUPPLEMENTAL FINANCIAL STATEMENT DATA Restricted Cash The following table provides a reconciliation of cash and cash equivalents, and restricted cash reported within the condensed consolidated balance sheets to the total cash, cash equivalents, and restricted cash shown in the consolidated statements of cash flows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | September 29, | ​ | December 30,
​ |  | 2023 |  | 2022
​ | ​ | (in thousands)
Cash and cash equivalents | ​ | $ | 12,887 | ​ | $ | 8,806
Restricted cash | ​ |  | — | ​ |  | 10,679
Total cash, cash equivalents, and restricted cash shown in the consolidated statement of cash flows | ​ | $ | 12,887 | ​ | $ | 19,485
​ Under certain utility contracts, the Company periodically receives cash deposits to be held in trust for the payment of energy incentive rebates to be sent directly to the utility’s end-customer on behalf of the utility. The Company acts solely as the utility’s agent to distribute these funds to the end-customer and, accordingly, the Company classifies these contractually restricted funds as restricted cash. Because these funds are held in trust for pass through to the utility’s customers and have no impact on the Company’s working capital or operating cash flows, these cash receipts are presented in the consolidated statement of cash flows as financing cash inflows, “Receipt of restricted cash”, with the subsequent payments classified as financing cash outflows, “Payment of restricted cash.” Equipment and Leasehold Improvements ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | September 29, | ​ | December 30,
​ |  | 2023 |  | 2022
​ | ​ | (in thousands)
Furniture and fixtures | ​ | $ | 4,338 | ​ | $ | 4,062
Computer hardware and software | ​ |  | 42,516 | ​ |  | 35,635
Leasehold improvements | ​ |  | 3,382 | ​ |  | 3,097
Equipment under finance leases | ​ |  | 5,885 | ​ |  | 5,503
Automobiles, trucks, and field equipment | ​ |  | 3,154 | ​ |  | 3,134
Subtotal | ​ |  | 59,275 | ​ |  | 51,431
Accumulated depreciation and amortization | ​ |  | (33,115) | ​ |  | (28,894)
Equipment and leasehold improvements, net | ​ | $ | 26,160 | ​ | $ | 22,537
​ Included in accumulated depreciation and amortization is $1.0 million and $1.1 million of amortization expense related to equipment held under finance leases for the nine months ended September 29, 2023 and for fiscal year 2022, respectively. Accrued Liabilities ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | September 29, | ​ | December 30,
​ |  | 2023 |  | 2022
​ | ​ | (in thousands)
Accrued subcontractor costs | ​ | $ | 25,607 | ​ | $ | 28,374
Accrued bonuses | ​ | ​ | 10,534 | ​ | ​ | 8,470
Employee withholdings | ​ |  | 3,195 | ​ |  | 2,571
Compensation and payroll taxes | ​ |  | 3,858 | ​ |  | 2,340
Rebate and other | ​ | ​ | 118 | ​ | ​ | 14,643
Accrued accounting and taxes | ​ |  | 2,461 | ​ |  | 2,712
Total accrued liabilities | ​ | $ | 45,773 | ​ | $ | 59,110
​ Goodwill ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | December 30, | ​ | Additional | ​ | Additions / | ​ | September 29,
​ |  | 2022 |  | Purchase Cost |  | Adjustments |  | 2023
​ | ​ | (in thousands)
Reporting Unit: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Energy | ​ | $ | 129,375 | ​ | $ | — | ​ | $ | — | ​ | $ | 129,375
Engineering and Consulting | ​ | ​ | 749 | ​ | ​ | 1,020 | ​ | ​ | — | ​ | ​ | 1,769
​ | ​ | $ | 130,124 | ​ | $ | 1,020 | ​ | $ | — | ​ | $ | 131,144
​ ​ The Company tests its goodwill at least annually for possible impairment. The Company completes its annual testing of goodwill as of the last day of the first month of its fourth fiscal quarter each year to determine whether there is a potential impairment. In addition to the Company’s annual test, it regularly evaluates whether events and circumstances have occurred that may indicate a potential impairment of goodwill. During the quarter ended September 29, 2023, although the Company experienced declines in the market price of its stock, such decreases did not result in the Company’s market capitalization decreasing below book value. The Company evaluated the current economic environment and noted that it does not believe it is more likely than not that goodwill was impaired as of September 29, 2023. Intangible Assets ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | September 29, 2023 | ​ | December 30, 2022 | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Gross | ​ | Accumulated | ​ | Gross | ​ | Accumulated | ​ | Amortization
​ |  | Amount |  | Amortization |  | Amount |  | Amortization |  | Period
​ | ​ | (in thousands) | ​ | (in years)
Finite: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Backlog | ​ | $ | 8,306 | ​ | $ | 8,004 | ​ | $ | 7,944 | ​ | $ | 7,944 | ​ | 1.0
Tradename | ​ | ​ | 15,936 | ​ | ​ | 12,453 | ​ | ​ | 15,911 | ​ | ​ | 10,990 |  | 2.5 | ​ | - | ​ | 6.0
Non-compete agreements | ​ | ​ | 1,613 | ​ | ​ | 1,428 | ​ | ​ | 1,420 | ​ | ​ | 1,420 | ​ | 4.0 | ​ | - | ​ | 5.0
Developed technology | ​ | ​ | 15,810 | ​ | ​ | 14,062 | ​ | ​ | 15,810 | ​ | ​ | 11,871 | ​ | 8.0
Customer relationships | ​ | ​ | 58,149 | ​ | ​ | 29,712 | ​ | ​ | 58,149 | ​ | ​ | 25,523 | ​ | 5.0 | ​ | - | ​ | 8.0
Total intangible assets | ​ | $ | 99,814 | ​ | $ | 65,659 | ​ | $ | 99,234 | ​ | $ | 57,748 | ​ | ​ | ​ | ​ | ​ | ​

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