XML 39 R29.htm IDEA: XBRL DOCUMENT

SEGMENT AND GEOGRAPHICAL INFORMATION (Tables)

6 Months Ended

Jul. 04, 2025

SEGMENT AND GEOGRAPHICAL INFORMATION

Schedule of financial information with respect to the reportable segments


					Engineering			Unallocated						Consolidated
		Energy			& Consulting			Corporate			Intersegment			Total⁽¹⁾
		(in thousands)
Fiscal Three Months Ended July 4, 2025
Contract revenue		$	146,749		$	26,724		$	-		$	-		$	173,473
Direct subcontractor services and other direct costs			76,794			1,711			-			-			78,505
Direct salaries and wages			16,176			10,467			-			-			26,643
Gross profit			53,779			14,546			-			-			68,325
Other indirect costs			35,878			9,353			5,774			-			51,005
EBITDA⁽²⁾			17,167			5,192			(4,488)			-			17,871
Interest expense, net			-			-			2,186			-			2,186
Depreciation and amortization			4,940			564			-			-			5,504
Segment profit (loss) before income tax expense			12,228			4,628			(6,675)			-			10,181
Income tax expense (benefit)			(5,861)			(2,759)			3,365			-			(5,255)
Net income (loss)			18,088			7,387			(10,039)			-			15,436
Segment assets ⁽³⁾			385,271			41,207			81,503			(23,130)			484,851
Fiscal Six Months Ended July 4, 2025
Contract revenue		$	272,997		$	52,862		$	-		$	-		$	325,859
Direct subcontractor services and other direct costs			142,874			2,679			-			-			145,553
Direct salaries and wages			32,717			21,603			-			-			54,320
Gross profit			97,406			28,580			-			-			125,986
Other indirect costs			70,426			19,629			7,135			-			97,190
EBITDA⁽²⁾			26,249			8,947			(5,890)			-			29,306
Interest expense, net			-			-			3,988			-			3,988
Depreciation and amortization			8,895			1,049			-			-			9,944
Segment profit (loss) before income tax expense			17,355			7,898			(9,879)			-			15,374
Income tax expense (benefit)			(5,361)			(2,440)			3,052			-			(4,749)
Net income (loss)			22,715			10,338			(12,930)			-			20,123
Segment assets ⁽³⁾			385,271			41,207			81,503			(23,130)			484,851

(1)

Amounts may not add to the totals due to rounding.

(2)

“EBITDA” is defined as earnings before interest, taxes, depreciation and amortization.

(3)

Segment assets are presented net of intercompany receivables.


					Engineering			Unallocated						Consolidated
		Energy			& Consulting			Corporate			Intersegment			Total⁽¹⁾
		(in thousands)
Fiscal Three Months Ended June 28, 2024
Contract revenue		$	117,852		$	23,144		$	-		$	-		$	140,996
Direct subcontractor services and other direct costs			67,556			989			-			-			68,545
Direct salaries and wages			13,885			9,762			-			-			23,647
Gross profit			36,411			12,393			-			-			48,804
Other indirect costs			28,002			9,004			1,721			-			38,727
EBITDA⁽²⁾			8,624			3,387			(1,108)			-			10,903
Interest expense, net			-			-			1,960			-			1,960
Depreciation and amortization			3,227			402			-			-			3,629
Segment profit (loss) before income tax expense			5,399			2,984			(3,069)			-			5,314
Income tax expense (benefit)			709			396			(385)			-			720
Net income (loss)			4,688			2,589			(2,683)			-			4,594
Segment assets ⁽³⁾			328,031			30,989			85,399			(23,130)			421,289
Fiscal Six Months Ended June 28, 2024
Contract revenue		$	218,598		$	44,887		$	-		$	-		$	263,485
Direct subcontractor services and other direct costs			120,210			1,894			-			-			122,104
Direct salaries and wages			26,218			18,941			-			-			45,159
Gross profit			72,170			24,052			-			-			96,222
Other indirect costs			56,341			17,961			2,890			-			77,192
EBITDA⁽²⁾			16,173			6,087			(1,700)			-			20,560
Interest expense, net			1			-			4,096			-			4,097
Depreciation and amortization			6,463			758			-			-			7,221
Segment profit (loss) before income tax expense			9,710			5,328			(5,796)			-			9,242
Income tax expense (benefit)			1,792			984			(1,070)			-			1,706
Net income (loss)			7,917			4,345			(4,726)			-			7,536
Segment assets ⁽³⁾			328,031			30,989			85,399			(23,130)			421,289

(1)

Amounts may not add to the totals due to rounding.

(2)

“EBITDA” is defined as earnings before interest, taxes, depreciation and amortization.

(3)

Segment assets are presented net of intercompany receivables.

Disaggregation of Revenue [Table Text Block]


		Three months ended July 4, 2025
		Energy			Engineering and Consulting			Total
		(in thousands)
Contract Type
Time-and-materials		$	11,733		$	18,899		$	30,632
Unit-based			58,250			6,487			64,737
Fixed price			76,766			1,338			78,104
Total⁽¹⁾		$	146,749		$	26,724		$	173,473

Client Type
Commercial		$	18,093		$	1,755		$	19,848
Government			55,839			24,924			80,763
Utilities⁽²⁾			72,817			45			72,862
Total⁽¹⁾		$	146,749		$	26,724		$	173,473

Geography ⁽³⁾
Domestic		$	146,749		$	26,724		$	173,473

		Six months ended July 4, 2025
		Energy			Engineering and Consulting			Total
		(in thousands)
Contract Type
Time-and-materials		$	23,335		$	36,959		$	60,294
Unit-based			105,957			12,742			118,699
Fixed price			143,705			3,161			146,866
Total⁽¹⁾		$	272,997		$	52,862		$	325,859

Client Type
Commercial		$	31,608		$	3,566		$	35,174
Government			104,163			49,196			153,359
Utilities⁽²⁾			137,226			100			137,326
Total⁽¹⁾		$	272,997		$	52,862		$	325,859

Geography ⁽³⁾
Domestic		$	272,997		$	52,862		$	325,859


		Three months ended June 28, 2024
		Energy			Engineering and Consulting			Total
		(in thousands)
Contract Type
Time-and-materials		$	8,700		$	17,027		$	25,727
Unit-based			47,578			4,871			52,449
Fixed price			61,574			1,246			62,820
Total⁽¹⁾		$	117,852		$	23,144		$	140,996

Client Type
Commercial		$	8,691		$	1,733		$	10,424
Government			51,468			21,361			72,829
Utilities⁽²⁾			57,693			50			57,743
Total⁽¹⁾		$	117,852		$	23,144		$	140,996

Geography ⁽³⁾
Domestic		$	117,852		$	23,144		$	140,996

		Six months ended June 28, 2024
		Energy			Engineering and Consulting			Total
		(in thousands)
Contract Type
Time-and-materials		$	17,237		$	33,426		$	50,663
Unit-based			94,535			9,382			103,917
Fixed price			106,826			2,079			108,905
Total⁽¹⁾		$	218,598		$	44,887		$	263,485

Client Type
Commercial		$	15,894		$	3,313		$	19,207
Government			87,288			41,459			128,747
Utilities⁽²⁾			115,416			115			115,531
Total⁽¹⁾		$	218,598		$	44,887		$	263,485

Geography ⁽³⁾
Domestic		$	218,598		$	44,887		$	263,485

(1)

Amounts may not add to the totals due to rounding.

(2)

Includes the portion of revenue related to small business programs paid by the end user/customer.

(3)

Revenue from the Company’s foreign operations was not material for the three and six months ended July 4, 2025 and June 28, 2024.