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Basis of Presentation and General Information (Tables)
 9 Months Ended
Sep. 27, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Summary of Fair Value of the Assets Acquired and Liabilities Assumed The following table summarizes the provisional fair value of the assets acquired and liabilities assumed:

 

 

 

Amount

 

Assets / Liabilities

 

(in thousands)

 

Cash

 

$

1,020

 

Current assets

 

 

2,081

 

Intangible assets

 

 

2,800

 

Current liabilities

 

 

(2,587

)

Net assets acquired

 

$

3,314

 

 

 

 

 

Consideration

 

$

7,806

 

Goodwill

 

$

4,492

 
Summary of Intangible Assets The following table summarizes the preliminary value of the intangible assets:

 

 

 

 

1. Basis of Presentation and General Information (continued)

 

 

 

Amount

 

 

Useful Life

Category

 

(in thousands)

 

 

(in years)

Customer Relationships

 

$

2,500

 

 

5

Technology

 

 

200

 

 

2

Non-Compete

 

 

100

 

 

2

Total

 

$

2,800

 

 

 
Summary of Carrying Amount of Goodwill The carrying amount of goodwill by reporting unit is as follows, which includes the provisional goodwill allocated to the LeewayHertz acquisition (in thousands):

 

 

 

 

 

 

Foreign

 

 

 

 

 

 

December 29,

 

 

Additions/

 

 

Currency

 

 

September 27,

 

 

 

2023

 

 

Adjustments

 

 

Translation

 

 

2024

 

Global S&BT

 

$

57,550

 

 

$

4,492

 

 

$

683

 

 

$

62,725

 

Oracle Solutions

 

 

16,699

 

 

 

—

 

 

 

—

 

 

 

16,699

 

SAP Solutions

 

 

9,993

 

 

 

—

 

 

 

—

 

 

 

9,993

 

Goodwill

 

$

84,242

 

 

$

4,492

 

 

$

683

 

 

$

89,417

 

 
Summary of Disaggregation of Total Revenue

Based on the information that management reviews internally for evaluating operating segment performance and nature, amount, timing, and uncertainty of revenue and cash flows affected by economic factors, the Company disaggregates revenue as follows for the quarters and nine months ended September 27, 2024 and September 29, 2023 (in thousands):

 

 

 

Quarter Ended

 

 

Nine Months Ended

 

 

 

September 27,

 

 

September 29,

 

 

September 27,

 

 

September 29,

 

 

 

2024

 

 

2023

 

 

2024

 

 

2023

 

Global S&BT:

 

 

 

 

 

 

 

 

 

 

 

 

    North America Consulting

 

$

36,563

 

 

$

37,032

 

 

$

105,201

 

 

$

109,642

 

    International Consulting

 

 

7,502

 

 

 

6,766

 

 

 

22,018

 

 

 

20,123

 

Total Global S&BT

 

$

44,065

 

 

$

43,798

 

 

$

127,219

 

 

$

129,765

 

Oracle Solutions:

 

 

 

 

 

 

 

 

 

 

 

 

    Consulting and software support and maintenance

 

$

22,759

 

 

$

20,831

 

 

$

67,533

 

 

$

58,774

 

Total Oracle Solutions

 

$

22,759

 

 

$

20,831

 

 

$

67,533

 

 

$

58,774

 

SAP Solutions:

 

 

 

 

 

 

 

 

 

 

 

 

    Consulting and software support and maintenance

 

$

10,934

 

 

$

10,605

 

 

$

31,576

 

 

$

32,372

 

    Software license sales

 

 

2,019

 

 

 

622

 

 

 

8,292

 

 

 

3,276

 

Total SAP Solutions

 

$

12,953

 

 

$

11,227

 

 

$

39,868

 

 

$

35,648

 

Total segment revenue

 

$

79,777

 

 

$

75,856

 

 

$

234,620

 

 

$

224,187