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Quarterly Financial Information (Unaudited)
 12 Months Ended
Jan. 01, 2021
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Financial Information (Unaudited)

17. Quarterly Financial Information (unaudited)

The following tables present unaudited supplemental quarterly financial information for the years ended January 1, 2021 and December 27, 2019 (in thousands, except per share data):

 

 

 

Quarter Ended

 

 

 

March 27, 2020

 

 

June 26, 2020

 

 

September 25, 2020

 

 

January 1, 2021

 

Revenue from continuing operations before reimbursements

 

$

65,186

 

 

$

52,632

 

 

$

57,769

 

 

$

59,223

 

Operating income (loss) (1)

 

$

7,708

 

 

$

(5,078

)

 

$

4,527

 

 

$

1,485

 

Income (loss) from continuing operations (1)

 

$

5,535

 

 

$

(3,933

)

 

$

3,143

 

 

$

900

 

Loss from discontinued operations (2)

 

$

(8

)

 

$

-

 

 

$

(157

)

 

$

(7

)

Net income (loss) (1)

 

$

5,527

 

 

$

(3,933

)

 

$

2,986

 

 

$

893

 

Basic net income (loss) per common share (3):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income (loss) per common share from continuing operations

 

$

0.19

 

 

$

(0.13

)

 

$

0.11

 

 

$

0.03

 

Loss per common share from discontinued operations (2)

 

$

-

 

 

$

-

 

 

$

(0.01

)

 

$

-

 

Basic net income (loss) per common share

 

$

0.19

 

 

$

(0.13

)

 

$

0.10

 

 

$

0.03

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Diluted net income (loss) per common share (3):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income (loss) per common share from continuing operations

 

$

0.17

 

 

$

(0.13

)

 

$

0.10

 

 

$

0.03

 

Loss per common share from discontinued operations (2)

 

$

-

 

 

$

-

 

 

$

(0.01

)

 

$

-

 

Diluted net income (loss) per common share

 

$

0.17

 

 

$

(0.13

)

 

$

0.09

 

 

$

0.03

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Quarter Ended

 

 

 

March 29, 2019

 

 

June 28, 2019

 

 

September 27, 2019

 

 

December 27, 2019

 

Revenue from continuing operations before reimbursements

 

$

62,370

 

 

$

67,976

 

 

$

66,755

 

 

$

63,736

 

Operating income

 

$

8,590

 

 

$

9,759

 

 

$

9,396

 

 

$

3,593

 

Income from continuing operations (4)

 

$

7,049

 

 

$

7,040

 

 

$

6,907

 

 

$

2,287

 

Income (loss) from discontinued operations (2)

 

$

45

 

 

$

(51

)

 

$

2

 

 

$

(2

)

Net income (4)

 

$

7,094

 

 

$

6,989

 

 

$

6,909

 

 

$

2,285

 

Basic net income per common share (3)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income per common share from continuing operations

 

$

0.24

 

 

$

0.23

 

 

$

0.23

 

 

$

0.08

 

Income (loss) per common share from discontinued operations (2)

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

Basic net income per common share

 

$

0.24

 

 

$

0.23

 

 

$

0.23

 

 

$

0.08

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Diluted net income per common share (3)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income per common share from continuing operations

 

$

0.22

 

 

$

0.22

 

 

$

0.21

 

 

$

0.07

 

Income (loss) per common share from discontinued operations (2)

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

Diluted net income per common share

 

$

0.22

 

 

$

0.22

 

 

$

0.21

 

 

$

0.07

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(1)

The second quarter of 2020 included restructuring charges of $5.0 million and the fourth quarter of 2020 included asset impairments of $3.9 million and restructuring charges of $1.6 million.

(2)

Discontinued operations relate to the discontinuance of the European based REL Working Capital group in 2018.

(3)

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.  

(4)

The fourth quarter of 2019 included restructuring charges and asset impairments of $3.3 million and $1.2 million, respectively.