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Quarterly Financial Information | 12 Months Ended
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Jan. 02, 2015
Quarterly Financial Information [Abstract] |
Quarterly Financial Information | 1 8. Quarterly Financial Information (unaudited) The following table presents unaudited supplemental quarterly financial information for the years ended January 2, 2015 and December 27, 2013 (in thousands, except per share data):
|  | Quarter Ended (1)
|  | March 28, 2014 |  | June 27, 2014 |  | September 26, 2014 |  | January 2, 2015
Total revenue |  | $ | 54,905 |  | $ | 61,052 |  | $ | 60,437 |  | $ | 60,343
Operating income (loss) (2)(3) |  | $ | (1,680) |  | $ | 5,026 |  | $ | 5,059 |  | $ | 4,181
Income (loss) from continuing operations (2)(3) |  | $ | (2,046) |  | $ | 3,475 |  | $ | 3,591 |  | $ | 4,691
Income (loss) from discontinued operations (4) |  | $ | — |  | $ | — |  | $ | — |  | $ | —
Net income (loss) (2)(3) |  | $ | (2,046) |  | $ | 3,475 |  | $ | 3,591 |  | $ | 4,691
Basic net income (loss) per common share: |  |  |  |  |  |  |  |  |  |  |  |
Income (loss) per common share from continuing operations |  | $ | (0.07) |  | $ | 0.12 |  | $ | 0.13 |  | $ | 0.17
Income (loss) per common share from discontinued operations(4) |  |  | — |  |  | — |  |  | — |  |  | —
Net income (loss) per common share |  | $ | (0.07) |  | $ | 0.12 |  | $ | 0.13 |  | $ | 0.17
Diluted net income (loss) per common share: |  |  |  |  |  |  |  |  |  |  |  |
Income (loss) per common share from continuing operations |  | $ | (0.07) |  | $ | 0.12 |  | $ | 0.12 |  | $ | 0.16
Income (loss) per common share from discontinued operations(4) |  |  | — |  |  | — |  |  | — |  |  | —
Net income (loss) per common share |  | $ | (0.07) |  | $ | 0.12 |  | $ | 0.12 |  | $ | 0.16
|  | Quarter Ended
|  | March 29, 2013 |  | June 28, 2013 |  | September 27, 2013 |  | December 27, 2013
Total revenue |  | $ | 54,349 |  | $ | 58,961 |  | $ | 57,916 |  | $ | 52,604
Operating income |  | $ | 3,529 |  | $ | 5,085 |  | $ | 4,717 |  | $ | 2,396
Income from continuing operations |  | $ | 2,029 |  | $ | 2,930 |  | $ | 2,699 |  | $ | 1,206
Income (loss) from discontinued operations |  | $ | (71) |  | $ | — |  | $ | (64) |  | $ | —
Net income (5) |  | $ | 1,958 |  | $ | 2,930 |  | $ | 2,635 |  | $ | 1,206
Basic net income per common share: |  |  |  |  |  |  |  |  |  |  |  |
Income per common share from continuing operations |  | $ | 0.06 |  | $ | 0.10 |  | $ | 0.09 |  | $ | 0.04
Income (loss) per common share from discontinued operations |  |  | — |  |  | — |  |  | — |  |  | —
Net income per common share |  | $ | 0.06 |  | $ | 0.10 |  | $ | 0.09 |  | $ | 0.04
Diluted net income per common share: |  |  |  |  |  |  |  |  |  |  |  |
Income per common share from continuing operations |  | $ | 0.07 |  | $ | 0.09 |  | $ | 0.08 |  | $ | 0.04
Income (loss) per common share from discontinued operations |  |  | (0.01) |  |  | — |  |  | — |  |  | —
Net income per common share |  | $ | 0.06 |  | $ | 0.09 |  | $ | 0.08 |  | $ | 0.04
| (1) |  | The fiscal 2014 quarters presented above, are as previously reported. See table below which restates the 2014 Statement of Operations by quarter for the impact of the Technolab EPM AMS acquisition-related purchase consideration reflected as compensation expense, as well as other acquisition-related adjustments recorded in the fourth quarter of 2014, as mentioned in Note 16.
| (2) |  | The fiscal quarter ended March 28, 2014, includes restructuring costs of $3.6 million.
| (3) |  | The fiscal quarter ended January 2, 2015, includes a bargain purchase gain from the acquisition of the Technolab EPM AMS of $3.0 million.
| (4) |  | There were no discontinued operations in fiscal year 2014.
| (5) |  | The quarter ended December 28, 2012 included the benefit of the release of $6.7 million of deferred income tax asset valuation allowance. Quarterly basic and diluted net income per common share were computed independently for each quarter and do not necessarily total to the year to date basic and diluted net income per common share.
The following table presents the restated 2014 Statement of Operations by quarter for the impact of the acquisition-related purchase consideration reflected as compensation expense, as well as other acquisition-related adjustments recorded in the fourth quarter of 2014 as discussed in Note 16 (in thousands, except per share amounts):
|  |  | Quarter Ended
|  |  | March 28, 2014 |  |  | June 27, 2014 |  |  | September 27, 2014 |  |  | January 2, 2015
|  | (unaudited)
Revenue: |  |  |  |  |  |  |  |  |  |  |  |
Revenue before reimbursements |  | $ | 49,418 |  | $ | 55,000 |  | $ | 54,550 |  | $ | 54,551
Reimbursements |  |  | 5,487 |  |  | 6,052 |  |  | 5,887 |  |  | 5,792
Total revenue |  |  | 54,905 |  |  | 61,052 |  |  | 60,437 |  |  | 60,343
Costs and expenses: |  |  |  |  |  |  |  |  |  |  |  |
Cost of service: |  |  |  |  |  |  |  |  |  |  |  |
Personnel costs before reimbursable expenses (1) |  |  |  |  |  |  |  |  |  |  |  |
(includes $686, $999, $842 and $1,029 of stock |  |  |  |  |  |  |  |  |  |  |  |
compensation expense in Q1, Q2, Q3 and Q4 2014) |  |  | 34,184 |  |  | 35,427 |  |  | 35,142 |  |  | 34,205
Reimbursable expenses |  |  | 5,487 |  |  | 6,052 |  |  | 5,887 |  |  | 5,792
Total cost of service |  |  | 39,671 |  |  | 41,479 |  |  | 41,029 |  |  | 39,997
Selling, general and administrative costs (2) |  |  |  |  |  |  |  |  |  |  |  |
(includes $653, $691, $814 and $656 of stock |  |  |  |  |  |  |  |  |  |  |  |
compensation expense in Q1, Q2, Q3 and Q4 2014) |  |  | 14,235 |  |  | 15,607 |  |  | 15,422 |  |  | 16,122
Bargain purchase gain from acquisition (1) (2) |  |  | (3,015) |  |  | - |  |  | - |  |  | -
Restructuring costs |  |  | 3,604 |  |  | - |  |  | - |  |  | -
Total costs and operating expenses |  |  | 54,495 |  |  | 57,086 |  |  | 56,451 |  |  | 56,119
Income from operations |  |  | 410 |  |  | 3,966 |  |  | 3,986 |  |  | 4,224
Other income (expense): |  |  |  |  |  |  |  |  |  |  |  |
Interest income |  |  | 1 |  |  | 1 |  |  | 2 |  |  | 2
Interest expense |  |  | (124) |  |  | (166) |  |  | (173) |  |  | (163)
Income from continuing operations before income taxes |  |  | 287 |  |  | 3,801 |  |  | 3,815 |  |  | 4,063
Income tax (benefit) expense (3) |  |  | (118) |  |  | 973 |  |  | 879 |  |  | 521
Net income |  | $ | 405 |  | $ | 2,828 |  | $ | 2,936 |  | $ | 3,542
Basic net income per common share |  | $ | 0.01 |  | $ | 0.10 |  | $ | 0.10 |  | $ | 0.13
Weighted average common shares outstanding |  |  | 29,120 |  |  | 28,939 |  |  | 28,558 |  |  | 28,257
Diluted net income per common share |  | $ | 0.01 |  | $ | 0.10 |  | $ | 0.10 |  | $ | 0.12
Diluted |  |  | 29,869 |  |  | 29,984 |  |  | 29,800 |  |  | 29,871
(1) The cost of service adjustments reflect the re-charaterization of cash and equity which were previously accounted for as purchase consideration
and are now reflected as compensation expense. These adjustments contributed to a bargain purchase gain from the Technolab acquisition.
(2) The selling, general and administrative costs reflect adjustmens related to the acquired intangible assets and amortization expense of those assets.
These adjustments contributed to a bargain purchase from the Technolab acquisition.
(3) The income tax expense (benefit) reflect adjustments related to the Technolab acquisition which were finalized and re-characterized in the fourth
quarter of 2014.

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- Definition The entire disclosure for the quarterly financial data in the annual financial statements. The disclosure may include a tabular presentation of financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income or loss before extraordinary items and earnings per share data. It also includes an indication if the information in the note is unaudited, comments on the aggregate effect of year-end adjustments, and an explanation of matters or transactions that affect comparability or are pertinent to an understanding of the information furnished. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 45 -Paragraph 13 -URI http://asc.fasb.org/extlink&oid=6372559&loc=d3e765-108305 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 45 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=6372559&loc=d3e725-108305 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a)-(j) -URI http://asc.fasb.org/extlink&oid=25249566&loc=d3e1280-108306 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 6 -Section G -Subsection 1 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-K (SK) -Number 229 -Section 302 -Paragraph a + Details
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