Segment Information and Geographic Data

12 Months Ended

Dec. 31, 2024

Segment Reporting [Abstract]

Segment Information and Geographic Data

NOTE 22 - SEGMENT INFORMATION AND GEOGRAPHIC DATA

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 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 purposes of making decisions and assessing performance of the Company.

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

	Year ended December 31,
	2024			2023			2022
Revenue	$	2,019,787		$	1,963,238		$	1,779,964
Significant segment expenses:
Direct labor & related fringe costs		775,239			730,322			639,861
Subcontractors & other direct costs		506,777			534,696			494,561
Indirect and selling expenses		518,453			505,162			486,863
Depreciation and amortization		20,484			25,277			21,482
Amortization of intangible assets		32,992			35,461			28,435
Interest expense		29,878			39,952			23,525
Provision for income taxes		27,888			13,935			19,737
Other segment (income) expense (1)		(2,094	)		(4,179	)		1,257
Net Income	$	110,170		$	82,612		$	64,243

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

Other Segment Information and Geographic Data

Revenue is attributed to the country where the contract is awarded by the client. There was no single foreign country that individually accounted for 10% or more of total revenue for the years ended December 31, 2024, 2023, and 2022. The following table provide net revenue for the Company’s home country and foreign countries:

	Year ended December 31,
	2024		2023		2022
Revenue:
U.S.	$	1,869,105	$	1,832,562	$	1,644,737
Other countries		150,682		130,676		135,227
Total revenue	$	2,019,787	$	1,963,238	$	1,779,964

At December 31, 2024 and 2023, long-lived assets were primarily held in the U.S. There was no single foreign country that individually held more than 10% of the total long-lived assets. The following table provide long-lived assets held in the Company’s home country and in foreign countries:

	December 31,
	2024		2023
Long-lived assets:
U.S.	$	65,045	$	71,791
Other countries		3,073		4,157
Total long-lived assets	$	68,118	$	75,948