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SUPPLEMENTAL FINANCIAL STATEMENT DATA | 3 Months Ended
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Mar. 29, 2024
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: ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | March 29, | ​ | December 29,
​ |  | 2024 |  | 2023
​ | ​ | (in thousands)
Cash and cash equivalents | ​ | $ | 46,925 | ​ | $ | 23,397
Restricted cash | ​ |  | — | ​ |  | —
Total cash, cash equivalents, and restricted cash shown in the consolidated statement of cash flows | ​ | $ | 46,925 | ​ | $ | 23,397
​ 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 ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | March 29, | ​ | December 29,
​ |  | 2024 |  | 2023
​ | ​ | (in thousands)
Furniture and fixtures | ​ | $ | 4,403 | ​ | $ | 4,379
Computer hardware and software | ​ |  | 46,384 | ​ |  | 44,594
Leasehold improvements | ​ |  | 3,466 | ​ |  | 3,382
Equipment under finance leases | ​ |  | 6,245 | ​ |  | 6,139
Automobiles, trucks, and field equipment | ​ |  | 3,388 | ​ |  | 3,373
Subtotal | ​ |  | 63,886 | ​ |  | 61,867
Accumulated depreciation and amortization | ​ |  | (36,347) | ​ |  | (34,770)
Equipment and leasehold improvements, net | ​ | $ | 27,539 | ​ | $ | 27,097
​ Included in accumulated depreciation and amortization is $0.4 million and $1.3 million of amortization expense related to equipment held under finance leases for the three months ended March 29, 2024 and for fiscal year 2023, respectively. Accrued Liabilities ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | March 29, | ​ | December 29,
​ |  | 2024 |  | 2023
​ | ​ | (in thousands)
Accrued subcontractor costs | ​ | $ | 22,896 | ​ | $ | 30,196
Accrued bonuses | ​ | ​ | 4,542 | ​ | ​ | 14,423
Employee withholdings | ​ |  | 4,779 | ​ |  | 3,123
Compensation and payroll taxes | ​ |  | 4,163 | ​ |  | 3,125
Rebate and other | ​ | ​ | — | ​ | ​ | 139
Accrued accounting costs and taxes | ​ |  | 2,031 | ​ |  | 3,123
Total accrued liabilities | ​ | $ | 38,411 | ​ | $ | 54,129
​ Goodwill ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | December 29, | ​ | Additional | ​ | Additions / | ​ | March 29,
​ |  | 2023 |  | Purchase Cost |  | Adjustments |  | 2024
​ | ​ | (in thousands)
Reporting Unit: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Energy | ​ | $ | 129,375 | ​ | $ | — | ​ | $ | — | ​ | $ | 129,375
Engineering and Consulting | ​ | ​ | 1,769 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 1,769
​ | ​ | $ | 131,144 | ​ | $ | — | ​ | $ | — | ​ | $ | 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. 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 March 29, 2024. Intangible Assets ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | March 29, 2024 | ​ | December 29, 2023 | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Gross | ​ | Accumulated | ​ | Gross | ​ | Accumulated | ​ | Amortization
​ |  | Amount |  | Amortization |  | Amount |  | Amortization |  | Period
​ | ​ | (in thousands) | ​ | (in years)
Finite: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Backlog | ​ | $ | 8,306 | ​ | $ | 8,148 | ​ | $ | 8,306 | ​ | $ | 8,095 | ​ | 1.0
Tradename | ​ | ​ | 15,936 | ​ | ​ | 12,835 | ​ | ​ | 15,936 | ​ | ​ | 12,695 |  | 2.5 | ​ | - | ​ | 6.0
Non-compete agreements | ​ | ​ | 1,613 | ​ | ​ | 1,452 | ​ | ​ | 1,613 | ​ | ​ | 1,440 | ​ | 4.0 | ​ | - | ​ | 5.0
Developed technology | ​ | ​ | 15,810 | ​ | ​ | 14,791 | ​ | ​ | 15,810 | ​ | ​ | 14,521 | ​ | 8.0
Customer relationships | ​ | ​ | 58,149 | ​ | ​ | 32,503 | ​ | ​ | 58,149 | ​ | ​ | 31,107 | ​ | 5.0 | ​ | - | ​ | 8.0
Total intangible assets | ​ | $ | 99,814 | ​ | $ | 69,729 | ​ | $ | 99,814 | ​ | $ | 67,858 | ​ | ​ | ​ | ​ | ​ | ​
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