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Segment Information | 12 Months Ended
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Dec. 31, 2024
Segment Reporting [Abstract] |
Segment Information | Segment Information The Company operates as a single business segment represented by our core business of providing multi-disciplinary professional engineering solutions to customers. The Company primarily derives its revenue from its core business of providing engineering and related professional services to customers. While we evaluate revenue and other key performance indicators relating to various divisions of labor, our leadership neither manages the business nor deliberately allocates resources by service line, geography, or end market. The Company derives the majority of its revenue from domestic customers, and has no significant long-lived assets located outside the United States. No single customer accounted for 10% or more of the Company’s total revenue during the period. The Company’s Chief Operating Decision Maker (“CODM”) is Gary Bowman, who is the Chairman and Chief Executive Officer. The CODM assesses performance for the Company and decides how to allocate resources based on significant expense categories that contribute to net income (loss), as outlined below. The CODM uses these varying results to prioritize the reinvestment of profits within the Company. These results are also used in assessing the Company’s performance and determining management’s compensation. The CODM does not review assets in evaluating the results of the Company, and therefore, such information is not presented. The following tables provides the operating financial results of the Company as of December 31, 2024 and 2023:
(in thousands) | December 31, 2024 |  | December 31, 2023
Gross contract revenue | $ | 426,564 |  |  | $ | 346,256 |
Less: |  |  |
Labor and fringe | 245,503 |  |  | 198,979 |
Other segment items 1 | 46,895 |  |  | 42,262 |
General & administrative expenses | 72,273 |  |  | 56,002 |
Incentives | 36,487 |  |  | 31,165 |
Depreciation and amortization | 27,828 |  |  | 18,723 |
Interest expense | 7,951 |  |  | 5,340 |
Other (income) expense, net | (1,427) |  |  | 232 |
Income tax (benefit) expense | (11,980) |  |  | 177 |
Net income (loss) | $ | 3,034 |  |  | $ | (6,624) |
1 Other segment items included in net income (loss) consists primarily of sub-consultants and other direct expenses.

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