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BUSINESS SEGMENTS

3 Months Ended

Mar. 31, 2019

Segment Reporting [Abstract]

Business Segments

BUSINESS SEGMENTS

The Company operates within three industry segments: Real Estate, Professional, and Light Industrial. The Real Estate segment provides office and maintenance field talent to various apartment communities and commercial buildings via property management companies responsible for the apartment communities' and commercial buildings' day-to-day operations. The Professional segment provides skilled field talent on a nationwide basis for IT and finance and accounting client partner projects. The Light Industrial segment provides field talent primarily to logistics, distribution, and call center client partners needing a flexible workforce.

Segment operating income includes all revenue and cost of services, direct selling expenses, depreciation and amortization expense and excludes all general and administrative (corporate) expenses. Assets of corporate include cash, unallocated prepaid expenses, deferred tax assets, and other assets.

The following table provides a reconciliation of revenue and operating income by reportable segment to consolidated results for the periods indicated:

		Thirteen Weeks Ended
		March 31, 2019				April 1, 2018
Revenue:
Real Estate		$	19,175,782			$	18,034,363
Professional		30,593,668				31,089,756
Light Industrial		19,006,617				17,731,351
Total		$	68,776,067			$	66,855,470
Depreciation:
Real Estate		$	44,113			$	39,282
Professional		84,483				52,029
Light Industrial		25,421				26,352
Corporate		48,409				48,173
Total		$	202,426			$	165,836

Amortization:
Professional		$	1,022,805			$	1,060,147
Light Industrial		—				66,151
Corporate		6,278				3,372
Total		$	1,029,083			$	1,129,670
Operating income:
Real Estate		$	2,819,711			$	2,606,378
Professional		1,833,559				2,266,656
Light Industrial		1,202,991				1,056,054
Corporate - selling		(132,428		)		(173,948		)
Corporate - general and administrative		(2,137,125		)		(1,719,835		)
Total		$	3,586,708			$	4,035,305

		Thirteen Weeks Ended
		March 31, 2019				April 1, 2018
Capital expenditures:
Real Estate		$	10,661			$	9,161
Professional		328,648				10,992
Light Industrial		2,155				—
Corporate		—				133,751
Total		$	341,464			$	153,904

		March 31, 2019				December 30, 2018
Total Assets:
Real Estate		$	13,199,509			$	12,647,505
Professional		63,899,594				62,403,104
Light Industrial		19,406,383				18,992,392
Corporate		6,151,257				6,225,802
Total		$	102,656,743			$	100,268,803

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- References

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- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-URI http://asc.fasb.org/topic&trid=2134510

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