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Note 13 - Segment Information
 6 Months Ended
Jul. 02, 2022
Notes to Financial Statements  
Segment Reporting Disclosure [Text Block]

13.  Segment Information

 

The Company follows ASC 280, “Segment Reporting,” which establishes standards for companies to report information about operating segments, geographic areas and major customers.  The accounting policies of each reportable segment are the same as those described in the summary of significant accounting policies (see Note 1 to the Company’s Consolidated Financial Statements included in its Annual Report on Form 10-K for the year ended January 1, 2022).

 

Segment operating income (loss) includes selling, general and administrative expenses directly attributable to that segment as well as charges for allocating corporate costs to each of the operating segments.  The following tables reflect the results of the reportable segments consistent with the Company’s management system:

 

Thirteen Weeks Ended

July 2, 2022

 

Engineering

  

Specialty

Health Care

  

Information

Technology

  

Corporate

  

Total

Revenue

 $20,906  $43,457  $9,983  $-  $74,346

Cost of services

  15,395   30,575   6,693   -   52,663

Gross profit

  5,511   12,882   3,290   -   21,683

Selling, general and administrative

  4,107   7,179   1,978   -   13,264

Depreciation and amortization of

property and equipment

  103   97   25   -   225

Operating income

 $1,300  $5,606  $1,288  $-  $8,194

Total assets as of July 2, 2022

 $29,523  $29,889  $7,962  $5,051  $72,425

Capital expenditures

 $124  $21  $43  $4  $192

 

 

Thirteen Weeks Ended

July 3, 2021

 

Engineering

  

Specialty

Health Care

  

Information

Technology

  

Corporate

  

Total

Revenue

 $16,934  $22,941  $9,058  $-  $48,933

Cost of services

  12,920   17,349   6,398   -   36,667

Gross profit

  4,014   5,592   2,660   -   12,266

Selling, general and administrative

  3,644   4,428   1,983   -   10,055

Depreciation and amortization of

property and equipment

  153   80   26   -   259

Amortization of acquired intangible

assets

  9   -   -   -   9

Operating income (loss)

 $208  $1,084  $651  $-

 

 $1,943

Total assets as of July 3, 2021

 $30,050  $20,064  $8,187  $6,396  $64,697

Capital expenditures

 $30  $39  $3  $22  $94

 

 

 

Twenty-Six Weeks Ended

July 2, 2022

 

Engineering

  

Specialty Health Care

  

Information

Technology

  

Corporate

  

Total

Revenue

 $40,804  $95,641  $19,862  $-  $156,307

Cost of services

  30,059   67,758   13,387   -   111,204

Gross profit

  10,745   27,883   6,475   -   45,103

Selling, general and administrative

  8,219   15,149   4,043   -   27,411

Depreciation and amortization of

property and equipment

  199   217   47   -   463

Operating income

 $2,327  $12,517  $2,385  $-  $17,229

Total assets as of July 2, 2022

 $29,523  $29,889  $7,962  $5,051  $72,425

Capital expenditures

 $289  $48  $63  $9  $409

 

 

Twenty-Six Weeks Ended

July 3, 2021

 

Engineering

  

Specialty Health Care

  

Information

Technology

  

Corporate

  

Total

Revenue

 $31,400  $44,077  $18,005  $-  $93,482

Cost of services

  24,180   33,448   12,738   -   70,366

Gross profit

  7,220   10,629   5,267   -   23,116

Selling, general and administrative

  6,736   8,521   3,927   -   19,184

Depreciation and amortization of

property and equipment

  308   161   56   -   525

Amortization of acquired intangible

assets

  89   -   -   -   89

Operating income (loss)

 $86  $1,947  $1,285  $-

 

 $3,318

Total assets as of July 3, 2021

 $30,050  $20,064  $8,187  $6,396  $64,697

Capital expenditures

 $39  $67  $9  $26  $141

 

 

The Company derives a majority of its revenue from offices in the United States. Revenues reported for each operating segment are all from external customers.  The Company is domiciled in the United States and its segments operate in the United States, Canada, Puerto Rico and Serbia. Revenue by geographic area for the thirteen and twenty-six weeks ended July 2, 2022 and July 3, 2021 was as follows: 

 

  

Thirteen Weeks Ended

  

Twenty-Six Weeks Ended

  

July 2, 2022

  

July 3, 2021

  

July 2, 2022

  

July 3, 2021

Revenue

               

U. S.

 $71,189  $43,746  $149,982  $82,753

Canada

  1,235   3,074   2,464   6,459

Puerto Rico

  1,279   1,368   2,499   2,883

Serbia

  643   745   1,362   1,387
  $74,346  $48,933  $156,307  $93,482

 

Total assets by geographic area as of the reported periods were as follows:

 

  

July 2,

2022

  

January 1,

2022

Total assets

       

U. S.

 $69,754  $69,566

Canada

  719   1,327

Puerto Rico

  1,236   963

Serbia

  716   996
  $72,425  $72,852