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SEGMENT AND GEOGRAPHICAL INFORMATION | 3 Months Ended
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Apr. 03, 2026
Segment Reporting [Abstract] |
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. In accordance with ASU 2023-07, the Company’s chief operating decision maker (“CODM”) evaluates the performance of each segment based upon the information provided below. There were no intersegment sales during the three months ended April 3, 2026 and April 4, 2025. 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. ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | Engineering | ​ | Unallocated | ​ | ​ | ​ | ​ | Consolidated
​ | ​ ​ ​ | Energy | ​ ​ ​ | & Consulting | ​ ​ ​ | Corporate | ​ ​ ​ | Intersegment | ​ ​ ​ | Total (1)
​ | ​ | (in thousands)
Fiscal Three Months Ended April 3, 2026 | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Contract revenue | ​ | $ | 127,968 | ​ | $ | 27,146 | ​ | $ | - | ​ | $ | - | ​ | $ | 155,114
Direct subcontractor services and other direct costs | ​ | ​ | 60,988 | ​ | ​ | 1,694 | ​ | ​ | - | ​ | ​ | - | ​ | ​ | 62,682
Direct salaries and wages | ​ | ​ | 18,097 | ​ | ​ | 11,179 | ​ | ​ | - | ​ | ​ | - | ​ | ​ | 29,276
Gross profit | ​ | ​ | 48,883 | ​ | ​ | 14,273 | ​ | ​ | - | ​ | ​ | - | ​ | ​ | 63,156
Other indirect costs | ​ | ​ | 36,547 | ​ | ​ | 10,593 | ​ | ​ | 3,278 | ​ | ​ | - | ​ | ​ | 50,418
EBITDA (2) | ​ | ​ | 12,581 | ​ | ​ | 3,678 | ​ | ​ | (2,726) | ​ | ​ | - | ​ | ​ | 13,533
Interest expense, net | ​ | ​ | - | ​ | ​ | - | ​ | ​ | 835 | ​ | ​ | - | ​ | ​ | 835
Depreciation and amortization | ​ | ​ | 4,904 | ​ | ​ | 542 | ​ | ​ | - | ​ | ​ | - | ​ | ​ | 5,446
Segment profit (loss) before income tax expense | ​ | ​ | 7,677 | ​ | ​ | 3,136 | ​ | ​ | (3,561) | ​ | ​ | - | ​ | ​ | 7,252
Income tax expense (benefit) | ​ | ​ | (1,353) | ​ | ​ | (553) | ​ | ​ | 628 | ​ | ​ | - | ​ | ​ | (1,278)
Net income (loss) | ​ | ​ | 9,030 | ​ | ​ | 3,689 | ​ | ​ | (4,189) | ​ | ​ | - | ​ | ​ | 8,530
Segment assets (3) | ​ | ​ | 399,813 | ​ | ​ | 46,402 | ​ | ​ | 65,469 | ​ | ​ | - | ​ | ​ | 511,684
​
| (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 April 4, 2025 | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Contract revenue | ​ | $ | 126,248 | ​ | $ | 26,138 | ​ | $ | - | ​ | $ | - | ​ | $ | 152,386
Direct subcontractor services and other direct costs | ​ | ​ | 66,080 | ​ | ​ | 968 | ​ | ​ | - | ​ | ​ | - | ​ | ​ | 67,048
Direct salaries and wages | ​ | ​ | 16,541 | ​ | ​ | 11,136 | ​ | ​ | - | ​ | ​ | - | ​ | ​ | 27,677
Gross profit | ​ | ​ | 43,627 | ​ | ​ | 14,034 | ​ | ​ | - | ​ | ​ | - | ​ | ​ | 57,661
Other indirect costs | ​ | ​ | 34,548 | ​ | ​ | 10,276 | ​ | ​ | 1,361 | ​ | ​ | - | ​ | ​ | 46,185
EBITDA (2) | ​ | ​ | 9,082 | ​ | ​ | 3,755 | ​ | ​ | (1,402) | ​ | ​ | - | ​ | ​ | 11,435
Interest expense, net | ​ | ​ | - | ​ | ​ | - | ​ | ​ | 1,802 | ​ | ​ | - | ​ | ​ | 1,802
Depreciation and amortization | ​ | ​ | 3,955 | ​ | ​ | 485 | ​ | ​ | - | ​ | ​ | - | ​ | ​ | 4,440
Segment profit (loss) before income tax expense | ​ | ​ | 5,127 | ​ | ​ | 3,270 | ​ | ​ | (3,204) | ​ | ​ | - | ​ | ​ | 5,193
Income tax expense (benefit) | ​ | ​ | 500 | ​ | ​ | 319 | ​ | ​ | (313) | ​ | ​ | - | ​ | ​ | 506
Net income (loss) | ​ | ​ | 4,627 | ​ | ​ | 2,951 | ​ | ​ | (2,891) | ​ | ​ | - | ​ | ​ | 4,687
Segment assets (3) | ​ | ​ | 349,662 | ​ | ​ | 41,633 | ​ | ​ | 79,863 | ​ | ​ | - | ​ | ​ | 471,158
​
| (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.
The following tables provide information about disaggregated revenue by contract type, client type and geographical region: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ ​ ​ | Three months ended April 3, 2026
​ | ​ ​ ​ | Energy | ​ ​ ​ | Engineering and Consulting | ​ ​ ​ | Total
​ | ​ ​ ​ | (in thousands)
Contract Type | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Time-and-materials | ​ | $ | 12,700 | ​ | $ | 18,200 | ​ | $ | 30,900
Unit-based | ​ | ​ | 49,617 | ​ | ​ | 7,053 | ​ | ​ | 56,670
Fixed price | ​ | ​ | 65,651 | ​ | ​ | 1,893 | ​ | ​ | 67,544
Total (1) | ​ | $ | 127,968 | ​ | $ | 27,146 | ​ | $ | 155,114
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Client Type | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Commercial | ​ | $ | 19,389 | ​ | $ | 1,846 | ​ | $ | 21,235
Government | ​ | ​ | 43,846 | ​ | ​ | 25,190 | ​ | ​ | 69,036
Utilities (2) | ​ | ​ | 64,733 | ​ | ​ | 110 | ​ | ​ | 64,843
Total (1) | ​ | $ | 127,968 | ​ | $ | 27,146 | ​ | $ | 155,114
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Geography (3) | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Domestic | ​ | $ | 127,968 | ​ | $ | 27,146 | ​ | $ | 155,114
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ ​ ​ | Three months ended April 4, 2025
​ | ​ ​ ​ | Energy | ​ ​ ​ | Engineering and Consulting | ​ ​ ​ | Total
​ | ​ ​ ​ | (in thousands)
Contract Type | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Time-and-materials | ​ | $ | 11,602 | ​ | $ | 18,060 | ​ | $ | 29,662
Unit-based | ​ | ​ | 47,707 | ​ | ​ | 6,255 | ​ | ​ | 53,962
Fixed price | ​ | ​ | 66,939 | ​ | ​ | 1,823 | ​ | ​ | 68,762
Total (1) | ​ | $ | 126,248 | ​ | $ | 26,138 | ​ | $ | 152,386
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Client Type | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Commercial | ​ | $ | 13,515 | ​ | $ | 1,811 | ​ | $ | 15,326
Government | ​ | ​ | 48,324 | ​ | ​ | 24,272 | ​ | ​ | 72,596
Utilities (2) | ​ | ​ | 64,409 | ​ | ​ | 55 | ​ | ​ | 64,464
Total (1) | ​ | $ | 126,248 | ​ | $ | 26,138 | ​ | $ | 152,386
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Geography (3) | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Domestic | ​ | $ | 126,248 | ​ | $ | 26,138 | ​ | $ | 152,386
| (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 months ended April 3, 2026 and April 4, 2025.
Geographical Information Substantially all of the Company’s consolidated revenue was derived from its operations in the U.S. The Company operates through a network of offices spread across 22 U.S. states, the District of Columbia, the Commonwealth of Puerto Rico, and Canada. Revenues from the Company’s Puerto Rican and Canadian operations were not material for the three months ended April 3, 2026, nor for the three months ended April 4, 2025. Customer Concentration For the three months ended April 3, 2026 and April 4, 2025, the Company’s top 10 customers accounted for 49.1%, and 53.8%, respectively, of the Company’s consolidated contract revenue. For the three months ended April 3, 2026, the Company had no individual customers that accounted for more than 10% of its consolidated contract revenue. For the three months ended April 4, 2025, the Company derived 24.1% of its consolidated contract revenue from two customers, Clark County School District and Southern California Edison. On a segment basis, the Company had individual customers that accounted for more than 10% of its segment contract revenues. For the three months ended April 3, 2026, the Company derived 22.4% of its Energy segment revenues from two customers, Southern California Edison and New York Power Authority, and no single customer accounted for 10% or more of the Company’s Engineering and Consulting segment revenues. For the three months ended April 4, 2025, the Company derived 29.1% of its Energy segment revenues from two customers, Clark County School District and Southern California Edison, and no single customer accounted for 10% or more of the Company’s Engineering and Consulting segment revenues. On a geographical basis, the Company’s largest clients are based in California, and New York. For the three months ended April 3, 2026 and April 4, 2025, services provided to clients in California accounted for 46.0% and 39.8%, respectively, of the Company’s consolidated contract revenue, and services provided to clients in New York accounted for 19.4% and 21.7%, respectively, of the Company’s consolidated contract revenue.

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- Definition The entire disclosure for reporting segments including data and tables. 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