v3.26.1
Segment Information
 6 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
Segment Information

NOTE 14 – SEGMENT INFORMATION

The Company provides a broad array of professional services to its clients across several markets, primarily within the U.S. The Company operates as a single reportable and operating segment because the Chief Operating Decision Maker (the “CODM”), which is the Chief Executive Officer, manages the business activities on a consolidated basis. Although the Company disaggregates its revenue by client market and client type, it does not manage its business or allocate resources based on client market or type.

The CODM assesses performance of the segment based on consolidated net income that is reported on the Company’s consolidated statements of comprehensive income. The CODM uses consolidated net income to evaluate the Company’s performance against budgets and decide whether to use the profits to invest in the business, paydown debt, repurchase stock, pay dividends, or fund acquisitions. Asset information provided to the CODM is not used for the purpose of making decisions and assessing performance of the Company.

The segment revenue, significant segment expenses, and segment profit are as follows:

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

Revenue

 

$

474,495

 

 

$

476,155

 

 

$

911,995

 

 

$

963,773

 

Significant segment expenses:

 

 

 

 

 

 

 

 

 

 

 

 

Direct labor and related fringe benefit costs

 

 

176,491

 

 

 

186,140

 

 

 

344,474

 

 

 

378,070

 

Subcontractors and other direct costs

 

 

121,365

 

 

 

112,285

 

 

 

224,019

 

 

 

222,897

 

Indirect and selling expenses

 

 

123,328

 

 

 

123,017

 

 

 

242,155

 

 

 

254,908

 

Depreciation and amortization

 

 

5,815

 

 

 

5,475

 

 

 

11,386

 

 

 

10,793

 

Amortization of intangible assets acquired in business combinations

 

 

7,609

 

 

 

9,227

 

 

 

15,218

 

 

 

18,704

 

Interest expense

 

 

6,926

 

 

 

8,498

 

 

 

13,732

 

 

 

15,921

 

Provision for income taxes

 

 

5,832

 

 

 

6,289

 

 

 

12,700

 

 

 

9,439

 

Other segment expense (1)

 

 

181

 

 

 

1,563

 

 

 

841

 

 

 

2,529

 

Net Income

 

$

26,948

 

 

$

23,661

 

 

$

47,470

 

 

$

50,512

 
(1)
Other segment expense includes interest income and gains/losses on foreign currency and disposition of assets.