v3.26.1
Note 13 - Segment Information
6 Months Ended
Jul. 04, 2026
Notes to Financial Statements  
Segment Reporting [Text Block]

13.

Segment Information

 

The Company follows ASC 280,Segment Reporting,” which establishes standards for companies to report information about operating segments, geographic areas and major customers. The accounting policies of each reportable segment are the same as those described in the summary of significant accounting policies (see Note 1 to the Company’s Consolidated Financial Statements).

 

The Company reports segment information based on the management approach, which designates the internal reporting used by the Chief Operating Decision Makers (“CODMs”), who were Bradley Vizi, Chief Executive Officer, and Kevin Miller, Chief Financial Officer. The Company’s CODMs are responsible for making decisions regarding the Company’s business, including resource allocations and performance assessments based on historical and future segment revenue, operating expenses, and operating income (loss).

 

The tables below summarize the results of operations and total assets by segment provided to the CODMs. Segment operating income (loss) includes selling, general, and administrative expenses directly attributable to that segment. The following tables reflect the results of the reportable segments consistent with the Company’s management system:

 

Thirteen Weeks Ended

July 4, 2026

 

Specialty

Health Care

  

Engineering

  

Life Sciences,

Data &

Solutions

  

Corporate

  

Total

 

Revenue

 $44,728  $39,525  $9,563  $-  $93,816 

Cost of services

  31,566   32,484   5,684   -   69,734 

Gross profit

  13,162   7,041   3,879   -   24,082 

Selling, general and administrative

  6,624   3,140   1,157   4,647   15,568 

Depreciation and amortization of property and equipment

  121   227   37   173   558 

Operating income (loss)

 $6,417  $3,674  $2,685  $(4,820) $7,956 

Total assets as of July 4, 2026

 $40,856  $64,003  $14,332  $14,815  $134,006 

Property and equipment acquired

 $48  $42  $-  $14  $104 

 

Thirteen Weeks Ended

June 28, 2025

 

Specialty

Health Care

  

Engineering

  

Life Sciences,

Data &

Solutions

  

Corporate

  

Total

 

Revenue

 $42,822  $26,521  $8,823  $-  $78,166 

Cost of services

  30,545   20,031   5,313   -   55,889 

Gross profit

  12,277   6,490   3,510   -   22,277 

Selling, general and administrative

  6,114   3,016   1,490   4,655   15,275 

Depreciation and amortization of property and equipment

  87   159   38   117   401 

Operating income (loss)

 $6,076  $3,315  $1,982  $(4,772) $6,601 

Total assets as of June 28, 2025

 $48,201  $58,284  $16,492  $12,609  $135,586 

Property and equipment acquired

 $75  $176  $(3) $225  $473 

 

 

Twenty-Six Weeks Ended

July 4, 2026

 

Specialty

Health Care

  

Engineering

  

Life Sciences,

Data &

Solutions

  

Corporate

  

Total

 

Revenue

 $92,832  $65,662  $18,360  $-  $176,854 

Cost of services

  66,229   53,320   11,202   -   130,751 

Gross profit

  26,603   12,342   7,158   -   46,103 

Selling, general and administrative

  13,308   5,843   2,354   9,592   31,097 

Depreciation and amortization of property and equipment

  243   450   73   346   1,112 

Operating income (loss)

 $13,052  $6,049  $4,731  $(9,938) $13,894 

Total assets as of July 4, 2026

 $40,856  $64,003  $14,332  $14,815  $134,006 

Property and equipment acquired

 $81  $83  $-  $37  $201 

 

Twenty-Six Weeks Ended

June 28, 2025

 

Specialty

Health Care

  

Engineering

  

Life Sciences,

Data &

Solutions

  

Corporate

  

Total

 

Revenue

 $86,105  $58,663  $17,871  $-  $162,639 

Cost of services

  61,624   45,989   10,771   -   118,384 

Gross profit

  24,481   12,674   7,100   -   44,255 

Selling, general and administrative

  12,043   6,150   2,916   9,137   30,246 

Depreciation and amortization of property and equipment

  187   330   78   230   825 

Operating income (loss)

 $12,251  $6,194  $4,106  $(9,367) $13,184 

Total assets as of June 28, 2025

 $48,201  $58,284  $16,492  $12,609  $135,586 

Property and equipment acquired

 $129  $242  $32  $497  $900 

 

The Company derives a majority of its revenue from offices in the United States. Revenue reported for each operating segment is all from external customers. The Company is domiciled in the United States, and its segments operate in the United States, Canada, Puerto Rico, Europe, and the Philippines. Revenue by geographic area for the thirteen and twenty-six weeks ended July 4, 2026, and June 28, 2025, was as follows:

 

  

Thirteen Weeks Ended

  

Twenty-Six Weeks Ended

 
  

July 4, 2026

  

June 28, 2025

  

July 4, 2026

  

June 28, 2025

 

Revenue

                

United States

 $88,146  $73,226  $165,886  $152,064 

Canada

  1,211   1,943   2,515   3,859 

Puerto Rico

  1,656   1,544   3,416   3,151 

Europe

  2,803   1,453   5,037   3,565 
  $93,816  $78,166  $176,854  $162,639 

 

Total assets by geographic area as of the reported periods were as follows:

 

  

July 4,

2026

  

January 3,

2026

 

Total assets

        

United States

 $118,930  $123,021 

Canada

  1,804   1,828 

Puerto Rico

  2,364   2,637 

Europe

  10,402   6,594 

Philippines

  506   317 
  $134,006  $134,397