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SEGMENT INFORMATION (Tables)

9 Months Ended

Sep. 29, 2024

Segment Reporting [Abstract]

Schedule of segment information

The following table presents our revenue disaggregated by major source and segment and a reconciliation of segment revenue from services to total company revenue:

			Thirteen weeks ended									Thirty-nine weeks ended
(in thousands)			September 29, 2024			September 24, 2023						September 29, 2024			September 24, 2023
Revenue from services:
Contingent staffing
PeopleReady			$	214,792		$	283,187					$	660,862		$	811,133
PeopleManagement			130,852			137,065						396,463			420,809
Human resource outsourcing
PeopleScout			36,713			52,944						124,115			182,130
Total company			$	382,357		$	473,196					$	1,181,440		$	1,414,072

The following table presents a reconciliation of segment profit to income (loss) before tax expense:

			Thirteen weeks ended									Thirty-nine weeks ended
(in thousands)			September 29, 2024			September 24, 2023						September 29, 2024			September 24, 2023
Segment profit (loss):
PeopleReady			$	3,043		$	9,656					$	(1,621)		$	18,686
PeopleManagement			3,278			2,134						9,424			4,182
PeopleScout			2,542			6,272						10,851			24,012
Total segment profit			8,863			18,062						18,654			46,880
Corporate unallocated expense			(4,184)			(8,122)						(16,386)			(23,045)
Third-party processing fees for hiring tax credits			30			(90)						(150)			(320)
Amortization of software as a service assets			(1,615)			(1,064)						(4,410)			(2,884)
Goodwill and intangible asset impairment charge			—			—						(59,674)			(9,485)
PeopleReady technology upgrade costs			(65)			(696)						(489)			(902)
COVID-19 government subsidies, net of fees			—			(525)						9,652			(525)
Executive leadership transition costs			—			(2,492)						—			(2,492)
Other costs, net			(2,965)			(1,615)						(6,953)			(3,577)
Depreciation and amortization			(6,967)			(6,184)						(22,616)			(18,875)
Income (loss) from operations			(6,903)			(2,726)						(82,372)			(15,225)
Interest and other income (expense), net			521			390						3,861			1,982
Income (loss) before tax expense (benefit)			$	(6,382)		$	(2,336)					$	(78,511)		$	(13,243)

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- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-25

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-22

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-30

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- References

No definition available.

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