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SUPPLEMENTAL FINANCIAL STATEMENT DATA

3 Months Ended

Apr. 03, 2026

Balance Sheet Related Disclosures [Abstract]

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:


		April 3,			January 2,
		2026			2026
		(in thousands)
Cash and cash equivalents		$	28,278		$	65,919
Restricted cash			5,288			—
Total cash, cash equivalents, and restricted cash shown in the consolidated statement of cash flows		$	33,566		$	65,919

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 condensed 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


		April 3,			January 2,
		2026			2026
		(in thousands)
Furniture and fixtures		$	5,525		$	5,157
Computer hardware and software			61,119			59,687
Leasehold improvements			4,568			4,343
Equipment under finance leases			7,963			7,471
Automobiles, trucks, and field equipment			3,939			4,053
Subtotal			83,114			80,711
Accumulated depreciation and amortization			(52,160)			(49,220)
Equipment and leasehold improvements, net		$	30,954		$	31,491

Included in accumulated depreciation and amortization is $0.4 million and $1.5 million of amortization expense related to equipment held under finance leases for the three months ended April 3, 2026 and for fiscal year 2025, respectively.

Accrued Liabilities


		April 3,			January 2,
		2026			2026
		(in thousands)
Accrued subcontractor costs		$	26,612		$	37,123
Accrued bonuses			7,628			27,478
Employee withholdings			2,781			5,999
Compensation and payroll taxes			3,741			5,534
Rebate and other			5,288			—
Accrued accounting costs and taxes			4,798			6,300
Total accrued liabilities		$	50,848		$	82,434

Goodwill


	January 2,		Additional		Additions /		April 3,
	2026		Purchase Cost		Adjustments		2026
	(in thousands)
Reporting Unit:
Energy	$	170,835	$	—	$	—	$	170,835
Engineering and Consulting		8,695		—		15		8,710
	$	179,530	$	—	$	15	$	179,545

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 April 3, 2026.

Intangible Assets


		April 3, 2026						January 2, 2026
		Gross			Accumulated			Gross			Accumulated			Amortization
		Amount			Amortization			Amount			Amortization			Period
		(in thousands)												(in years)
Finite:
Backlog		$	11,600		$	10,258		$	11,600		$	9,853		1.0
Tradename			17,774			14,567			17,773			14,285		2.5	-	6.0
Non-compete agreements			1,836			1,563			1,835			1,535		4.0	-	5.0
Customer relationships			73,404			45,119			73,400			43,414		5.0	-	12.0
Total intangible assets		$	104,614		$	71,507		$	104,608		$	69,087