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BUSINESS SEGMENTS | 6 Months Ended
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Jun. 28, 2020
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. Our Real Estate segment operates through two divisions, BG Multifamily and BG Talent. The Professional segment provides skilled field talent on a nationwide basis for IT and finance, accounting, legal and human resource client partner projects. Our Professional segment operates through various divisions including Extrinsic, American Partners, Donovan & Watkins, Vision Technology Services, Zycron, Smart Resources, L.J. Kushner & Associates, and EdgeRock Technology Partners. The Light Industrial segment provides field talent primarily to manufacturing, distribution, logistics, and call center client partners needing a flexible workforce in 7 states. Our Light Industrial segment operates through our InStaff division. 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:
|  | Thirteen Weeks Ended |  |  |  | Twenty-six Weeks Ended |  |
|  | June 28, 2020 |  | June 30, 2019 |  | June 28, 2020 |  | June 30, 2019
Revenue: |  |  |  |  |  |  |  |
Real Estate |  | $ | 11,780,445 |  |  | $ | 24,396,782 |  |  | $ | 31,808,278 |  |  | $ | 43,572,565 |
Professional |  | 36,649,443 |  |  | 31,321,332 |  |  | 72,993,349 |  |  | 61,915,000 |
Light Industrial |  | 14,176,446 |  |  | 18,139,776 |  |  | 31,872,136 |  |  | 37,146,392 |
Total |  | $ | 62,606,334 |  |  | $ | 73,857,890 |  |  | $ | 136,673,763 |  |  | $ | 142,633,957 |
Depreciation: |  |  |  |  |  |  |  |
Real Estate |  | $ | 53,796 |  |  | $ | 45,420 |  |  | $ | 109,136 |  |  | $ | 89,533 |
Professional |  | 109,307 |  |  | 84,469 |  |  | 208,740 |  |  | 168,951 |
Light Industrial |  | 25,049 |  |  | 24,589 |  |  | 52,154 |  |  | 50,011 |
Home office |  | 31,054 |  |  | 46,942 |  |  | 76,448 |  |  | 95,351 |
Total |  | $ | 219,206 |  |  | $ | 201,420 |  |  | $ | 446,478 |  |  | $ | 403,846 |
|  | Thirteen Weeks Ended |  |  |  | Twenty-six Weeks Ended |  |
|  | June 28, 2020 |  | June 30, 2019 |  | June 28, 2020 |  | June 30, 2019
Amortization: |  |  |  |  |  |  |  |
Real Estate |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Professional |  | $ | 1,167,329 |  |  | $ | 996,539 |  |  | $ | 2,348,164 |  |  | $ | 2,019,344 |
Home office |  | 57,416 |  |  | 6,278 |  |  | 64,023 |  |  | 12,556 |
Total |  | $ | 1,224,745 |  |  | $ | 1,002,817 |  |  | $ | 2,412,187 |  |  | $ | 2,031,900 |
Operating (loss) income: |  |  |  |  |  |  |  |
Real Estate |  | $ | 773,842 |  |  | $ | 4,121,208 |  |  | $ | 3,813,116 |  |  | $ | 6,940,920 |
Professional |  | (5,640,933) |  |  | 2,212,221 |  |  | (3,801,152) |  |  | 4,045,781 |
Light Industrial |  | 870,454 |  |  | 1,137,627 |  |  | 1,967,552 |  |  | 2,340,616 |
Home office - selling |  | (147,148) |  |  | (135,553) |  |  | (239,810) |  |  | (267,981) |
Home office - general and administrative |  | (1,940,978) |  |  | (1,914,745) |  |  | (5,167,075) |  |  | (4,051,869) |
Total |  | $ | (6,084,763) |  |  | $ | 5,420,758 |  |  | $ | (3,427,369) |  |  | $ | 9,007,467 |
Capital expenditures: |  |  |  |  |  |  |  |
Real Estate |  | $ | 17,549 |  |  | $ | 29,218 |  |  | $ | 43,273 |  |  | $ | 39,879 |
Professional |  | 32,926 |  |  | 68,211 |  |  | 73,898 |  |  | 396,859 |
Light Industrial |  | 3,201 |  |  | 5,476 |  |  | 3,201 |  |  | 7,631 |
Home office |  | 793,618 |  |  | 229,383 |  |  | 1,776,595 |  |  | 229,383 |
Total |  | $ | 847,294 |  |  | $ | 332,288 |  |  | $ | 1,896,967 |  |  | $ | 673,752 |
|  | June 28, 2020 |  | December 29, 2019
Total Assets: |  |  |  |
Real Estate |  | $ | 11,688,225 |  |  | $ | 16,785,163 |
Professional |  | 87,487,331 |  |  | 72,623,242 |
Light Industrial |  | 12,993,467 |  |  | 15,223,581 |
Home office |  | 14,786,707 |  |  | 10,954,058 |
Total |  | $ | 126,955,730 |  |  | $ | 115,586,044 |

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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 + Details
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