v3.25.2
Segment Reporting
 6 Months Ended
Jul. 04, 2025
Segment Reporting [Abstract]  
Segment Reporting

Note 9: Segment Reporting

The Company has two reportable operating segments based on two primary areas of service. The Engineering and other scientific segment is a broad service group providing technical consulting in different practices primarily in engineering. The Environmental and health segment provides services in the areas of environmental, epidemiology and health risk analysis. This segment provides a wide range of consulting services relating to environmental hazards and risks and the impact on both human health and the environment. Our Chief Executive Officer, the chief operating decision maker, reviews revenues and operating income for each of our reportable segments, but does not review total assets in evaluating segment performance and capital allocation.

Segment information for the three and six months ended July 4, 2025 and June 28, 2024 follows:

Revenues

 

 

 

Three Months Ended

 

 

Six Months Ended

 

(In thousands)

 

July 4,
2025

 

 

June 28,
2024

 

 

July 4,
2025

 

 

June 28,
2024

 

Engineering and other scientific

 

$

120,980

 

 

$

118,477

 

 

$

243,115

 

 

$

239,948

 

Environmental and health

 

 

20,982

 

 

 

22,059

 

 

 

44,354

 

 

 

45,521

 

Total revenues

 

$

141,962

 

 

$

140,536

 

 

$

287,469

 

 

$

285,469

 

 

Compensation and related expenses

 

 

 

Three Months Ended

 

 

Six Months Ended

 

(In thousands)

 

July 4,
2025

 

 

June 28,
2024

 

 

July 4,
2025

 

 

June 28,
2024

 

Engineering and other scientific

 

$

56,914

 

 

$

56,802

 

 

$

114,162

 

 

$

114,537

 

Environmental and health

 

 

11,740

 

 

 

12,041

 

 

 

24,188

 

 

 

24,357

 

Total segment compensation and related expenses

 

 

68,654

 

 

 

68,843

 

 

 

138,350

 

 

 

138,894

 

Corporate compensation and related expenses

 

 

28,820

 

 

 

10,623

 

 

 

35,027

 

 

 

30,899

 

Total compensation and related expenses

 

$

97,474

 

 

$

79,466

 

 

$

173,377

 

 

$

169,793

 

 

Operating Income

 

 

 

Three Months Ended

 

 

Six Months Ended

 

(In thousands)

 

July 4,
2025

 

 

June 28,
2024

 

 

July 4,
2025

 

 

June 28,
2024

 

Engineering and other scientific

 

$

42,942

 

 

$

43,765

 

 

$

88,055

 

 

$

92,396

 

Environmental and health

 

 

7,020

 

 

 

7,259

 

 

 

15,718

 

 

 

15,495

 

Total segment operating income

 

 

49,962

 

 

 

51,024

 

 

 

103,773

 

 

 

107,891

 

Corporate operating expense

 

 

(32,785

)

 

 

(15,280

)

 

 

(42,164

)

 

 

(41,434

)

Total operating income

 

$

17,177

 

 

$

35,744

 

 

$

61,609

 

 

$

66,457

 

 

Certain operating expenses are excluded from the Company’s measure of segment operating income. These expenses include costs associated with its human resources, legal, finance, information technology, and business development groups; the deferred compensation expense/benefit due to the change in value of assets associated with its deferred compensation plan; stock-based compensation associated with restricted stock unit and stock option awards; and the change in its allowance for contract losses and doubtful accounts.

Capital Expenditures

 

 

 

Three Months Ended

 

 

Six Months Ended

 

(In thousands)

 

July 4,
2025

 

 

June 28,
2024

 

 

July 4,
2025

 

 

June 28,
2024

 

Engineering and other scientific

 

$

306

 

 

$

465

 

 

$

781

 

 

$

882

 

Environmental and health

 

 

39

 

 

 

45

 

 

 

101

 

 

 

74

 

Total segment capital expenditures

 

 

345

 

 

 

510

 

 

 

882

 

 

 

956

 

Corporate capital expenditures

 

 

2,045

 

 

 

497

 

 

 

2,760

 

 

 

1,560

 

Total capital expenditures

 

$

2,390

 

 

$

1,007

 

 

$

3,642

 

 

$

2,516

 

 

Certain capital expenditures associated with the Company’s corporate cost centers and the related depreciation are excluded from the Company’s segment information.

 

Depreciation and Amortization

 

 

 

Three Months Ended

 

 

Six Months Ended

 

(In thousands)

 

July 4,
2025

 

 

June 28,
2024

 

 

July 4,
2025

 

 

June 28,
2024

 

Engineering and other scientific

 

$

1,836

 

 

$

1,765

 

 

$

3,662

 

 

$

3,393

 

Environmental and health

 

 

49

 

 

 

54

 

 

 

96

 

 

 

103

 

Total segment depreciation and
   amortization

 

 

1,885

 

 

 

1,819

 

 

 

3,758

 

 

 

3,496

 

Corporate depreciation and amortization

 

 

635

 

 

 

667

 

 

 

1,254

 

 

 

1,314

 

Total depreciation and amortization

 

$

2,520

 

 

$

2,486

 

 

$

5,012

 

 

$

4,810

 

 

No single client comprised more than 10% of the Company’s revenues during the three and six months ended July 4, 2025 and June 28, 2024.