XML 33 R23.htm IDEA: XBRL DOCUMENT v3.22.2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

6 Months Ended

Jun. 26, 2022

Accounting Policies [Abstract]

Revenue from External Customers by Geographic Areas

Concentration of Credit Risk

Concentration of credit risk is limited due to the Company’s diverse client partner base and their dispersion across many different industries and geographic locations nationwide. No single client partner accounted for more than 10% of the Company’s accounts receivable from continuing operations as of June 26, 2022 and December 26, 2021 or revenue from continuing operations for the twenty-six week periods ended June 26, 2022 and June 27, 2021. Geographic revenue from continuing operations in excess of 10% of the Company's consolidated revenue in Fiscal 2022 and the related percentage for Fiscal 2021 was generated in the following areas:     

						Twenty-six Weeks Ended
						June 26, 2022						June 27, 2021
Tennessee						11		%				12		%
Texas						23		%				26		%

Consequently, weakness in economic conditions in these regions could have a material adverse effect on the Company’s financial position and results of future operations.

Summary of Valuation Allowance

Changes in the allowance for credit losses from continuing operations are as follows:

						Thirteen Weeks Ended												Twenty-six Weeks Ended
						June 26, 2022						June 27, 2021						June 26, 2022						June 27, 2021
Beginning balance						$	448,622					$	492,087					$	448,622					$	492,087
Provision for credit losses, net						82,221						123,444						133,458						157,441
Amounts written off, net						(82,221)						(94,530)						(133,458)						(128,527)
Ending balance						$	448,622					$	521,001					$	448,622					$	521,001

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share

The following is a reconciliation of the number of shares used in the calculation of basic and diluted earnings per share for the respective periods:

									Thirteen Weeks Ended												Twenty-six Weeks Ended
									June 26, 2022						June 27, 2021						June 26, 2022						June 27, 2021
Weighted-average number of common shares outstanding:									10,472,353						10,340,241						10,450,625						10,336,528
Effect of dilutive securities:
			Stock options and restricted stock						41,908						51,682						49,747						57,380
Weighted-average number of diluted common shares outstanding									10,514,261						10,391,923						10,500,372						10,393,908
			Stock options and restricted stock						387,050						421,950						387,050						421,950
Antidilutive shares									387,050						421,950						387,050						421,950

X

- References

No definition available.

+ Details

Name:	us-gaap_AccountingPoliciesAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of revenue from external customers by geographic areas attributed to the entity's country of domicile and to foreign countries from which the entity derives revenue.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 41
-Subparagraph a
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9038-108599

+ Details

Name:	us-gaap_RevenueFromExternalCustomersByGeographicAreasTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) in the future that were not included in the computation of diluted EPS because to do so would increase EPS amounts or decrease loss per share amounts for the period presented, by antidilutive securities.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (c)
-URI https://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257

+ Details

Name:	us-gaap_ScheduleOfAntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of valuation allowances to reduce deferred tax assets to net realizable value, including identification of the deferred tax asset more likely than not will not be fully realized and the corresponding amount of the valuation allowance.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (c)
-URI https://asc.fasb.org/extlink&oid=121826272&loc=d3e32537-109319

+ Details

Name:	us-gaap_SummaryOfValuationAllowanceTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration