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Segment Information
3 Months Ended
Mar. 31, 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 March 31,

 

 

 

2026

 

 

2025

 

Revenue

 

$

437,500

 

 

$

487,618

 

Significant segment expenses:

 

 

 

 

 

 

Direct labor and related fringe benefit costs

 

 

167,983

 

 

 

191,930

 

Subcontractors and other direct costs

 

 

102,654

 

 

 

110,612

 

Indirect and selling expenses

 

 

118,827

 

 

 

131,891

 

Depreciation and amortization

 

 

5,571

 

 

 

5,318

 

Amortization of intangible assets acquired in business combinations

 

 

7,609

 

 

 

9,477

 

Interest expense

 

 

6,806

 

 

 

7,423

 

Provision for income taxes

 

 

6,868

 

 

 

3,150

 

Other segment expense (1)

 

 

660

 

 

 

966

 

Net Income

 

$

20,522

 

 

$

26,851

 

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