v3.25.2
Business Acquisitions (Tables)
 6 Months Ended
Jun. 28, 2025
Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract]  
Schedule of Fair Values of Assets Acquired and Liabilities Assumed
The following table summarizes the fair values of the assets acquired and liabilities assumed as of the acquisition date for the acquisitions closed during the six months ended June 28, 2025 and the fiscal year ended December 28, 2024:
20252024
TotalTotal
Cash$333 $2,101 
Billed and unbilled receivables, net6,692 10,435 
Right-of-use assets815 3,386 
Property and equipment214 1,762 
Prepaid expenses1,286 1,108 
Other assets54 65 
Intangible assets:
Customer relationships3,065 35,048 
Trade name146 1,272 
Customer backlog1,569 6,334 
Non-compete588 3,694 
Total Assets$14,762 $65,205 
Liabilities(3,756)(7,386)
Deferred tax liabilities(1,693)(376)
Net assets acquired$9,313 $57,443 
Consideration paid (Cash, Notes and/or stock)$12,674 $75,651 
Contingent earn-out liability (Cash and stock)1,903 11,881 
Total Consideration$14,577 $87,532 
Excess consideration over the amounts assigned to the net assets acquired (Goodwill)$5,264 $30,089 
Schedule of Pro Forma Consolidated Results of Operations The following table presents the results of operations of businesses acquired from their respective dates of acquisition for the three and six months ended June 28, 2025 and June 29, 2024.
Three Months EndedSix Months Ended
June 28, 2025June 29, 2024June 28, 2025June 29, 2024
Gross revenues$4,632 $10,975 $7,005 $16,613 
Income before income taxes$203 $3,572 $134 $5,648 
The pro forma results are not necessarily indicative of (i) the results of operations that would have occurred had the operations of these acquisitions actually been acquired at the beginning of fiscal year 2024 or (ii) future results of operations:
Three Months EndedSix Months Ended
June 28, 2025June 29, 2024June 28, 2025June 29, 2024
Gross revenues$253,084 $241,627 $490,435 $470,602 
Net income$11,782 $5,364 $12,283 $5,961 
Basic earnings per share$0.19 $0.09 $0.20 $0.10 
Diluted earnings per share$0.18 $0.09 $0.19 $0.10