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Pay vs Performance Disclosure
12 Months Ended
Dec. 29, 2023
USD ($)
Dec. 30, 2022
USD ($)
Dec. 31, 2021
USD ($)
Jan. 01, 2021
USD ($)
Pay vs Performance Disclosure        
Pay vs Performance Disclosure, Table As required by Item 402(v) of Regulation S-K, we are providing the following information concerning pay versus performance.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Value of Initial Fixed $100 Investment Based On:

 

 

 

 

 

 

 

Year

 

Summary Compensation Table Total for CEO(1)(2)

 

 

Compensation Actually Paid to CEO(3)

 

 

Average Summary Compensation Table Total for Non-CEO Named Executive Officers(1)(2)

 

 

Average Compensation Actually Paid to Non-CEO Named Executive Officers(3)

 

 

Total Shareholder Return(4)

 

 

Peer Group Total Shareholder Return(5)

 

 

Net Income(6)

 

 

Adjusted Diluted Earnings Per Share(7)(8)

 

2023

 

$

2,375,670

 

 

$

4,557,509

 

 

$

1,080,195

 

 

$

1,813,398

 

 

$

156

 

 

$

139

 

 

 

34,151

 

 

$

1.55

 

2022

 

$

5,540,340

 

 

$

5,954,698

 

 

$

2,198,741

 

 

$

2,343,269

 

 

$

137

 

 

$

105

 

 

 

40,802

 

 

$

1.52

 

2021

 

$

6,081,600

 

 

$

4,262,516

 

 

$

2,391,965

 

 

$

1,780,479

 

 

$

135

 

 

$

90

 

 

 

41,545

 

 

$

1.31

 

2020

 

$

1,826,932

 

 

$

1,612,923

 

 

$

908,539

 

 

$

875,380

 

 

$

93

 

 

$

89

 

 

 

5,473

 

 

$

0.69

 

 

 

(1) For each year shown, the CEO was Ted A. Fernandez and the other named executive officers were David N. Dungan and Robert A. Ramirez.

(2) The values reflected in this column reflect the “Total” compensation set forth in the Summary Compensation Table (“SCT”) on page 22. See the footnotes to the SCT for further detail regarding the amounts in this column.

(3) See “Computation of Compensation Actually Paid” below for a discussion of the amounts included in this column.

(4) Reflects the cumulative total shareholder return (“TSR”) of the Company for the year ended December 31, 2020, the two-years ended December 31, 2021 and the three years ended December 31, 2022, and the four-years ended December 31, 2023, assuming a $100 investment at the closing price on December 31, 2019 and the reinvestment of all dividends.

(5) Reflects the cumulative total shareholder return of the peer group utilized in the stock performance graph required by Item 201(e) of Regulation S-K included in our Annual Report for the year ended December 29, 2023 that consists of Alithya Group Inc. (formerly known as Edgewater Technology, Inc.), Huron Consulting Group, Inc. and Information Services Group, Inc. for the year ended December 31, 2020, the two-years ended December 31, 2021 and the three years ended December 31, 2022, and the four-years ended December 31, 2023, assuming a $100 investment at the closing price on December 31, 2019 and the reinvestment of all dividends.

(6) Amounts in thousands.

(7) The Company only uses adjusted diluted earnings per share to determine the performance-based compensation paid to its named executive officers. As such, it represents, in the Company’s assessment, the most important financial performance measure that is not otherwise disclosed in the table above used by the Company to link Compensation Actually Paid to the registrant’s named executive officers for the years presented in the table. For the

definition of adjusted diluted earnings per share see “Compensation Discussion and Analysis – The Elements of Executive Compensation at the Company” on page 16 of this proxy statement.

     
Company Selected Measure Name adjusted diluted earnings per share      
Named Executive Officers, Footnote the other named executive officers were David N. Dungan and Robert A. Ramirez.      
Peer Group Issuers, Footnote Reflects the cumulative total shareholder return of the peer group utilized in the stock performance graph required by Item 201(e) of Regulation S-K included in our Annual Report for the year ended December 29, 2023 that consists of Alithya Group Inc. (formerly known as Edgewater Technology, Inc.), Huron Consulting Group, Inc. and Information Services Group, Inc. for the year ended December 31, 2020, the two-years ended December 31, 2021 and the three years ended December 31, 2022, and the four-years ended December 31, 2023, assuming a $100 investment at the closing price on December 31, 2019 and the reinvestment of all dividends.      
PEO Total Compensation Amount $ 2,375,670 $ 5,540,340 $ 6,081,600 $ 1,826,932
PEO Actually Paid Compensation Amount $ 4,557,509 5,954,698 4,262,516 1,612,923
Adjustment To PEO Compensation, Footnote The amounts shown in this column are computed in accordance with Item 402(v) of Regulation S-K. “Compensation Actually Paid” for our CEO and “Average Compensation Actually Paid” for our other named executive officers was computed as follows:

 

CEO

 

Other NEOs

 

2023

 

2022

 

2021

 

2020

 

2023

 

2022

 

2021

 

2020

SCT Total Compensation

$2,375,670

 

$5,540,340

 

$6,081,600

 

$1,826,932

 

$1,080,195

 

$2,198,741

 

$2,391,965

 

$908,539

Minus SCT Stock Awards Value

(1,023,570)

 

(2,748,240)

 

(3,027,600)

 

(678,068)

 

(368,827)

 

(942,933)

 

(1,039,545)

 

(231,175)

Plus Value of Unvested Equity Awards Granted in respective year

2,852,216

 

3,207,073

 

959,387

 

560,879

 

978,598

 

1,101,172

 

327,084

 

229,377

Change in Value of Unvested Equity Awards during respective year

289,289

 

(7,063)

 

247,995

 

(80,738)

 

101,282

 

(2,640)

 

100,625

 

(25,943)

Change in Value of Equity Awards Vested in respective year

63,904

 

(37,412)

 

1,134

 

(16,082)

 

22,150

 

(11,071)

 

350

 

(5,418)

Total Compensation Actually Paid

$4,557,509

 

$5,954,698

 

$4,262,516

 

$1,612,923

 

$1,813,398

 

$2,343,269

 

$1,780,479

 

$875,380

     
Non-PEO NEO Average Total Compensation Amount $ 1,080,195 2,198,741 2,391,965 908,539
Non-PEO NEO Average Compensation Actually Paid Amount $ 1,813,398 2,343,269 1,780,479 875,380
Adjustment to Non-PEO NEO Compensation Footnote

The amounts shown in this column are computed in accordance with Item 402(v) of Regulation S-K. “Compensation Actually Paid” for our CEO and “Average Compensation Actually Paid” for our other named executive officers was computed as follows:
 

 

CEO

 

Other NEOs

 

2023

 

2022

 

2021

 

2020

 

2023

 

2022

 

2021

 

2020

SCT Total Compensation

$2,375,670

 

$5,540,340

 

$6,081,600

 

$1,826,932

 

$1,080,195

 

$2,198,741

 

$2,391,965

 

$908,539

Minus SCT Stock Awards Value

(1,023,570)

 

(2,748,240)

 

(3,027,600)

 

(678,068)

 

(368,827)

 

(942,933)

 

(1,039,545)

 

(231,175)

Plus Value of Unvested Equity Awards Granted in respective year

2,852,216

 

3,207,073

 

959,387

 

560,879

 

978,598

 

1,101,172

 

327,084

 

229,377

Change in Value of Unvested Equity Awards during respective year

289,289

 

(7,063)

 

247,995

 

(80,738)

 

101,282

 

(2,640)

 

100,625

 

(25,943)

Change in Value of Equity Awards Vested in respective year

63,904

 

(37,412)

 

1,134

 

(16,082)

 

22,150

 

(11,071)

 

350

 

(5,418)

Total Compensation Actually Paid

$4,557,509

 

$5,954,698

 

$4,262,516

 

$1,612,923

 

$1,813,398

 

$2,343,269

 

$1,780,479

 

$875,380

     
Compensation Actually Paid vs. Total Shareholder Return

Description of Relationship Between Company TSR and Peer Group TSR


 

Year

 

Total Shareholder Return(4)

 

 

Year over Year Increase (Decrease)

 

 

Peer group Total Shareholder Return(5)

 

 

Year over Year Increase (Decrease)

 

2023

 

$

156

 

 

 

14

%

 

$

139

 

 

 

32

%

2022

 

$

137

 

 

 

1

%

 

$

105

 

 

 

16

%

2021

 

$

135

 

 

 

46

%

 

$

90

 

 

 

2

%

2020

 

$

93

 

 

 

-8

%

 

$

89

 

 

 

-11

%

     
Compensation Actually Paid vs. Net Income

Relationship Between Compensation Actually Paid and Net Income/Adjusted Diluted Earnings Per Share

 

The following is provided to describe the relationship between executive compensation and financial performance of the Company, as well as the relationship between the Company’s TSR and the TSR for the Company’s peer group, in each case over the years covered in the table above.

 

 

Year

 

Compensation Actually Paid to CEO(3)(4)

 

 

Year over Year Increase (Decrease)

 

 

Average Compensation Actually Paid to Non-CEO Named Executive Officers(3)(4)

 

 

Year over Year Increase (Decrease)

 

 

Net Income(6)

 

 

Year over Year Increase (Decrease)

 

 

Adjusted Diluted Earnings Per Share

 

 

Year over Year Increase (Decrease)

 

2023

 

$

4,557,509

 

 

 

-23

%

 

$

1,813,398

 

 

 

-23

%

 

$

34,151

 

 

 

-16

%

 

$

1.55

 

 

 

2

%

2022

 

$

5,954,698

 

 

 

40

%

 

$

2,343,269

 

 

 

32

%

 

$

40,802

 

 

 

-2

%

 

$

1.52

 

 

 

16

%

2021

 

$

4,262,516

 

 

 

164

%

 

$

1,780,479

 

 

 

103

%

 

$

41,545

 

 

 

659

%

 

$

1.31

 

 

 

90

%

2020

 

$

1,612,923

 

 

 

-20

%

 

$

875,380

 

 

 

3

%

 

$

5,473

 

 

 

-76

%

 

$

0.69

 

 

 

-31

%

     
Compensation Actually Paid vs. Company Selected Measure

Relationship Between Compensation Actually Paid and Net Income/Adjusted Diluted Earnings Per Share

 

The following is provided to describe the relationship between executive compensation and financial performance of the Company, as well as the relationship between the Company’s TSR and the TSR for the Company’s peer group, in each case over the years covered in the table above.

 

 

Year

 

Compensation Actually Paid to CEO(3)(4)

 

 

Year over Year Increase (Decrease)

 

 

Average Compensation Actually Paid to Non-CEO Named Executive Officers(3)(4)

 

 

Year over Year Increase (Decrease)

 

 

Net Income(6)

 

 

Year over Year Increase (Decrease)

 

 

Adjusted Diluted Earnings Per Share

 

 

Year over Year Increase (Decrease)

 

2023

 

$

4,557,509

 

 

 

-23

%

 

$

1,813,398

 

 

 

-23

%

 

$

34,151

 

 

 

-16

%

 

$

1.55

 

 

 

2

%

2022

 

$

5,954,698

 

 

 

40

%

 

$

2,343,269

 

 

 

32

%

 

$

40,802

 

 

 

-2

%

 

$

1.52

 

 

 

16

%

2021

 

$

4,262,516

 

 

 

164

%

 

$

1,780,479

 

 

 

103

%

 

$

41,545

 

 

 

659

%

 

$

1.31

 

 

 

90

%

2020

 

$

1,612,923

 

 

 

-20

%

 

$

875,380

 

 

 

3

%

 

$

5,473

 

 

 

-76

%

 

$

0.69

 

 

 

-31

%

     
Total Shareholder Return Vs Peer Group

Description of Relationship Between Company TSR and Peer Group TSR


 

Year

 

Total Shareholder Return(4)

 

 

Year over Year Increase (Decrease)

 

 

Peer group Total Shareholder Return(5)

 

 

Year over Year Increase (Decrease)

 

2023

 

$

156

 

 

 

14

%

 

$

139

 

 

 

32

%

2022

 

$

137

 

 

 

1

%

 

$

105

 

 

 

16

%

2021

 

$

135

 

 

 

46

%

 

$

90

 

 

 

2

%

2020

 

$

93

 

 

 

-8

%

 

$

89

 

 

 

-11

%

     
Tabular List, Table

Tabular List of Most Important Financial Performance Measures

 

Adjusted diluted earnings per share
Annual contract value growth
     
Total Shareholder Return Amount $ 156 137 135 93
Peer Group Total Shareholder Return Amount 139 105 90 89
Net Income (Loss) $ 34,151,000 $ 40,802,000 $ 41,545,000 $ 5,473,000
Company Selected Measure Amount 1.55 1.52 1.31 0.69
PEO Name Ted A. Fernandez      
Peo Actually Paid Total Compensations Percentage (23.00%) 40.00% 164.00% (20.00%)
Non PEO NEO Actually Paid Compensation Percentages (23.00%) 32.00% 103.00% 3.00%
Net Income (Loss) percentage (16.00%) (2.00%) 659.00% (76.00%)
Company Selected Measure Name Percentage 2.00% 16.00% 90.00% (31.00%)
Total Shareholder Return Percentage 14.00% 1.00% 46.00% (8.00%)
Peer Group Total Shareholder Return Percentage 32.00% 16.00% 2.00% (11.00%)
Measure:: 1        
Pay vs Performance Disclosure        
Name Adjusted diluted earnings per share      
Measure:: 2        
Pay vs Performance Disclosure        
Name Annual contract value growth      
PEO | Minus SCT Stock Awards Value [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount $ (1,023,570) $ (2,748,240) $ (3,027,600) $ (678,068)
PEO | Plus Value of Unvested Equity Awards Granted in respective year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 2,852,216 3,207,073 959,387 560,879
PEO | Change in Value of Unvested Equity Awards during respective year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 289,289 (7,063) 247,995 (80,738)
PEO | Change in Value of Equity Awards Vested in respective year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 63,904 (37,412) 1,134 (16,082)
Non-PEO NEO | Minus SCT Stock Awards Value [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount (368,827) (942,933) (1,039,545) (231,175)
Non-PEO NEO | Plus Value of Unvested Equity Awards Granted in respective year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 978,598 1,101,172 327,084 229,377
Non-PEO NEO | Change in Value of Unvested Equity Awards during respective year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 101,282 (2,640) 100,625 (25,943)
Non-PEO NEO | Change in Value of Equity Awards Vested in respective year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount $ 22,150 $ (11,071) $ 350 $ (5,418)