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Quarterly Financial Information (Unaudited)
 12 Months Ended
Dec. 30, 2022
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Financial Information (Unaudited)

16. Quarterly Financial Information (unaudited)

The following tables present unaudited supplemental quarterly financial information for the years ended December 30, 2022 and December 31, 2021 (in thousands, except per share data):

 

 

 

Quarter Ended

 

 

 

April 1, 2022

 

 

July 1, 2022

 

 

September 30, 2022

 

 

December 30, 2022

 

Total revenue

 

$

75,664

 

 

$

75,928

 

 

$

72,033

 

 

$

70,117

 

Operating income

 

$

13,409

 

 

$

14,181

 

 

$

14,035

 

 

$

13,623

 

Income from continuing operations before income taxes

 

$

13,381

 

 

$

14,153

 

 

$

14,021

 

 

$

13,549

 

Net income

 

$

10,505

 

 

$

10,215

 

 

$

10,366

 

 

$

9,716

 

Basic net income per common share

 

$

0.33

 

 

$

0.32

 

 

$

0.33

 

 

$

0.32

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Diluted net income per common share

 

$

0.33

 

 

$

0.32

 

 

$

0.32

 

 

$

0.31

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Quarter Ended

 

 

 

April 2, 2021

 

 

July 2, 2021

 

 

October 1, 2021

 

 

December 31, 2021

 

Total revenue

 

$

63,486

 

 

$

73,197

 

 

$

71,894

 

 

$

70,232

 

Operating income (1)

 

$

8,853

 

 

$

14,217

 

 

$

11,405

 

 

$

12,001

 

Income from continuing operations before income taxes (1)

 

$

8,828

 

 

$

14,192

 

 

$

11,379

 

 

$

11,982

 

Loss from discontinued operations (2)

 

$

(7

)

 

$

-

 

 

$

-

 

 

$

-

 

Net income (1)

 

$

6,361

 

 

$

10,532

 

 

$

8,131

 

 

$

16,521

 

Basic net income per common share (3):

 

 

 

 

 

 

 

 

 

 

 

 

Income per common share from continuing operations

 

$

0.21

 

 

$

0.35

 

 

$

0.27

 

 

$

0.55

 

Loss per common share from discontinued operations (2)

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

Basic net income per common share

 

$

0.21

 

 

$

0.35

 

 

$

0.27

 

 

$

0.55

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

 

 

 

 

 

 

 

 

 

 

Income per common share from continuing operations

 

$

0.19

 

 

$

0.32

 

 

$

0.25

 

 

$

0.50

 

Loss per common share from discontinued operations (2)

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

Diluted net income per common share

 

$

0.19

 

 

$

0.32

 

 

$

0.25

 

 

$

0.50

 

 

 

 

 

 

 

 

 

 

 

 

 

 
(1)
The second quarter of 2021 included a $5.3 million software sale transaction.
(2)
Discontinued operations relate to the discontinuance of the European based REL Working Capital group in 2018.
(3)
The fourth quarter of 2021 included a tax benefit of $7.7 million related to the exercise of 2.9 million SARs. 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.