
	June 29, 2024
	As Reported		Adjustments		As Corrected
Assets
Current assets:
Cash and cash equivalents	$	29,355	$	—	$	29,355
Billed receivables, net	161,894		—		161,894
Unbilled receivables, net	140,006		(8,399)		131,607
Prepaid expenses and other current assets	22,991		580		23,571
Total current assets	354,246		(7,819)		346,427
Property and equipment, net	55,675		—		55,675
Right-of-use lease assets, net	36,135		—		36,135
Intangible assets, net	237,789		(14,936)		222,853
Goodwill	543,708		25,225		568,933
Deferred income tax assets, net	4,744		8,713		13,457
Other assets	2,086		—		2,086
Total assets	$	1,234,383	$	11,183	$	1,245,566

Liabilities and Stockholders’ Equity
Current liabilities:
Accounts payable	$	61,870	$	(1,655)	$	60,215
Accrued liabilities	44,202		(448)		43,754

Billings in excess of costs and estimated earnings on uncompleted contracts	35,441		17,019		52,460
Other current liabilities	2,348		—		2,348
Current portion of contingent consideration	2,436		—		2,436
Current portion of notes payable and other obligations	8,537		—		8,537
Total current liabilities	154,834		14,916		169,750
Contingent consideration, less current portion	2,328		—		2,328
Other long-term liabilities	25,935		—		25,935
Notes payable and other obligations, less current portion	248,687		—		248,687

Total liabilities	431,784		14,916		446,700

Commitments and contingencies

Stockholders’ equity:
Preferred stock, $0.01 par value; 5,000,000 shares authorized, no shares issued and outstanding	—		—		—
Common stock, $0.01 par value; 180,000,000 shares authorized, 65,122,404 shares issued and outstanding as of June 29, 2024	652		—		652
Additional paid-in capital	526,929		—		526,929
Accumulated other comprehensive loss	(695)		—		(695)
Retained earnings	275,713		(3,733)		271,980
Total stockholders’ equity	802,599		(3,733)		798,866
Total liabilities and stockholders’ equity	$	1,234,383	$	11,183	$	1,245,566


	Three Months Ended						Six Months Ended
	June 29, 2024						June 29, 2024
	As Reported		Adjustments		As Corrected		As Reported		Adjustments		As Corrected
Gross revenues	$	236,326	$	(5,020)	$	231,306	$	449,621	$	(5,757)	$	443,864

Direct costs:
Salaries and wages	61,390		—		61,390		117,845		—		117,845
Sub-consultant services	37,342		(1,539)		35,803		68,602		(1,187)		67,415
Other direct costs	14,323		—		14,323		27,074		—		27,074
Total direct costs	113,055		(1,539)		111,516		213,521		(1,187)		212,334

Gross profit	123,271		(3,481)		119,790		236,100		(4,570)		231,530

Operating expenses:
Salaries and wages, payroll taxes, and benefits	68,110		—		68,110		133,544		—		133,544
General and administrative	21,178		—		21,178		43,420		—		43,420
Facilities and facilities related	6,035		—		6,035		11,996		—		11,996
Depreciation and amortization	16,068		(427)		15,641		30,550		(1,107)		29,443
Total operating expenses	111,391		(427)		110,964		219,510		(1,107)		218,403

Income from operations	11,880		(3,054)		8,826		16,590		(3,463)		13,127

Interest expense	(4,606)		—		(4,606)		(8,797)		—		(8,797)

Income before income tax benefit	7,274		(3,054)		4,220		7,793		(3,463)		4,330
Income tax benefit	633		541		1,174		522		619		1,141
Net income	$	7,907	$	(2,513)	$	5,394	$	8,315	$	(2,844)	$	5,471

Earnings per share:
Basic	$	0.13	$	(0.04)	$	0.09	$	0.14	$	(0.05)	$	0.09
Diluted	$	0.13	$	(0.04)	$	0.09	$	0.13	$	(0.04)	$	0.09

Weighted average common shares outstanding:
Basic	61,451,298		—		61,451,298		61,259,951		—		61,259,951
Diluted	62,684,701		—		62,684,701		62,630,525		—		62,630,525

Comprehensive income:
Net income	$	7,907	$	(2,513)	$	5,394	$	8,315	$	(2,844)	$	5,471
Foreign currency translation losses, net of tax	(176)		—		(176)		(677)		—		(677)
Comprehensive income	$	7,731	$	(2,513)	$	5,218	$	7,638	$	(2,844)	$	4,794

Condensed Consolidated Statement of Cash Flow


	Six Months Ended
	June 29, 2024
	As Reported		Adjustments		As Corrected
Cash flows from operating activities:
Net income	$	8,315	$	(2,844)	$	5,471
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	33,635		(1,107)		32,528
Non-cash lease expense	6,401		—		6,401
Provision for doubtful accounts	723		—		723
Stock-based compensation	13,988		—		13,988

Gain on disposals of property and equipment	(644)		—		(644)
Other	204		—		204
Deferred income taxes	(7,712)		512		(7,200)
Amortization of debt issuance costs	370		—		370
Changes in operating assets and liabilities, net of impact of acquisitions:
Billed receivables	(4,674)		—		(4,674)
Unbilled receivables	(25,042)		6,432		(18,610)
Prepaid expenses and other assets	(1,619)		(580)		(2,199)
Accounts payable	4,555		(1,187)		3,368
Accrued liabilities and other long-term liabilities	(11,507)		(551)		(12,058)

Billings in excess of costs and estimated earnings on uncompleted contracts	(7,384)		(675)		(8,059)
Contingent consideration	(1,455)		—		(1,455)
Other current liabilities	88		—		88
Net cash provided by operating activities	8,242		—		8,242

Cash flows from investing activities:
Cash paid for acquisitions (net of cash received from acquisitions)	(53,947)		—		(53,947)
Proceeds from sale of assets	249		—		249
Purchase of property and equipment	(8,905)		—		(8,905)
Net cash used in investing activities	(62,603)		—		(62,603)

Cash flows from financing activities:

Borrowings from Senior Credit Facility	58,000		—		58,000
Payments on notes payable and other obligations	(5,274)		—		(5,274)
Payments of contingent consideration	(1,585)		—		(1,585)
Payments of borrowings from Senior Credit Facility	(12,000)		—		(12,000)



Net cash provided by financing activities	39,141		—		39,141

Effect of exchange rate changes on cash and cash equivalents	(249)		—		(249)

Net decrease in cash and cash equivalents	(15,469)		—		(15,469)
Cash and cash equivalents – beginning of period	44,824		—		44,824
Cash and cash equivalents – end of period	$	29,355	$	—	$	29,355