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BUSINESS SEGMENTS

12 Months Ended

Dec. 29, 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 in 29 states, 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, accounting, legal and human resource client partner projects. The Light Industrial segment provides field talent primarily to manufacturing, distribution, logistics, and call center client partners needing a flexible workforce in 7 states.

Segment operating income includes all revenue and cost of services, direct selling expenses, depreciation and amortization expense and excludes all general and administrative (home office) expenses. Assets of home office 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:

		2019				2018				2017
Revenue:
Real Estate		$	96,421,676			$	86,874,241			$	71,806,700
Professional		123,342,647				119,299,424				126,641,358
Light Industrial		74,549,225				80,689,261				74,151,992
Total		$	294,313,548			$	286,862,926			$	272,600,050

Depreciation:
Real Estate		$	197,029			$	169,682			$	109,085
Professional		341,529				273,691				179,809
Light Industrial		101,889				101,124				106,867
Home office		189,852				201,946				196,556
Total		$	830,299			$	746,443			$	592,317
Amortization:
Professional		$	3,964,878			$	4,168,463			$	5,378,992
Light Industrial		—				110,251				312,054
Home office		25,079				19,330				8,595
Total		$	3,989,957			$	4,298,044			$	5,699,641
Operating income:
Real Estate		$	16,381,823			$	14,775,846			$	11,553,163
Professional		7,702,175				7,967,368				8,518,293
Light Industrial		4,776,369				5,583,999				4,304,018
Home office - selling		(516,190		)		(666,472		)		(541,160		)
Home office - general and administrative		(8,682,689		)		(7,176,363		)		(6,299,289		)
Home office - gain on contingent consideration		—				3,775,307				225,743
Total		$	19,661,488			$	24,259,685			$	17,760,768

		2019				2018				2017
Capital Expenditures:
Real Estate		$	251,461			$	124,643			$	139,309
Professional		582,573				474,670				564,987
Light Industrial		152,632				119,886				53,969
Home office		1,242,843				204,795				387,492
Total		$	2,229,509			$	923,994			$	1,145,757
Total Assets:
Real Estate		$	16,785,163			$	12,647,505
Professional		72,623,242				62,403,104
Light Industrial		15,223,581				16,022,618
Home office		10,954,058				9,195,576
Total		$	115,586,044			$	100,268,803

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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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