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DISCONTINUED OPERATIONS
 9 Months Ended
Oct. 01, 2023
Discontinued Operations and Disposal Groups [Abstract]  
DISCONTINUED OPERATIONS DISCONTINUED OPERATIONS
On March 21, 2022, the Company sold substantially all of the assets and certain liabilities of InStaff to Sentech Engineering Services, Inc. (“Sentech”) for a sale price of approximately $30.3 million cash, subject to customary sales price and working capital adjustments specified in the purchase agreement. The purchase agreement provided for deferred consideration of $2.0 million, which was received April 3, 2023. The sale resulted in an original pre-tax gain on sale of discontinued operations of $17.3 million, with an additional pre-tax gain of $0.4 million recognized as part of the net working capital adjustment in October 2022.

The InStaff financial results for periods prior to the sale have been reflected in our Unaudited Consolidated Statements of Operations and Comprehensive Income (Loss) and Unaudited Consolidated Statements of Cash Flows as discontinued operations.

The financial results of InStaff are as follows (in thousands):
Thirty-nine Weeks Ended
September 25, 2022
Revenue
$16,465 
Cost of services
14,144 
Gross profit
2,321 
Selling expenses
1,062 
Depreciation
24 
Income from discontinued operations before gain on sale and income taxes
$1,235