Segment Information (Tables)

6 Months Ended

Jul. 01, 2023

Segment Reporting [Abstract]

Summary of Segment Information

The following tables summarize the Company’s segment information for the three and six-month periods ended July 1, 2023 and July 2, 2022, respectively (amounts in thousands):

	For the three-month period ended July 1, 2023
	PDS			HHH			MS			Total
Revenue	$	377,668		$	55,410		$	38,867		$	471,945
Cost of revenue, excluding depreciation and amortization		266,170			28,497			22,023			316,690
Gross margin	$	111,498		$	26,913		$	16,844		$	155,255
Gross margin percentage		29.5	%		48.6	%		43.3	%		32.9	%
	For the three-month period ended July 2, 2022
	PDS			HHH			MS			Total
Revenue	$	348,025		$	61,382		$	33,548		$	442,955
Cost of revenue, excluding depreciation and amortization		246,636			31,797		$	19,479			297,912
Gross margin	$	101,389		$	29,585		$	14,069		$	145,043
Gross margin percentage		29.1	%		48.2	%		41.9	%		32.7	%

	For the six-month period ended July 1, 2023
	PDS			HHH			MS			Total
Revenue	$	750,615		$	111,536		$	76,207		$	938,358
Cost of revenue, excluding depreciation and amortization		534,933			59,592			44,113			638,638
Gross margin	$	215,682		$	51,944		$	32,094		$	299,720
Gross margin percentage		28.7	%		46.6	%		42.1	%		31.9	%
	For the six-month period ended July 2, 2022
	PDS			HHH			MS			Total
Revenue	$	698,215		$	128,005		$	67,269		$	893,489
Cost of revenue, excluding depreciation and amortization		498,510			65,965		$	39,145			603,620
Gross margin	$	199,705		$	62,040		$	28,124		$	289,869
Gross margin percentage		28.6	%		48.5	%		41.8	%		32.4	%

	For the three-month periods ended						For the six-month periods ended
Segment Reconciliation:	July 1, 2023			July 2, 2022			July 1, 2023			July 2, 2022
Total segment gross margin	$	155,255		$	145,043		$	299,720		$	289,869
Branch and regional administrative expenses		91,255			88,998			182,963			177,741
Corporate expenses		26,354			36,202			57,289			72,769
Goodwill impairment		-			470,207			-			470,207
Depreciation and amortization		3,491			6,038			7,532			11,857
Acquisition-related costs		(32	)		(22	)		38			69
Other operating (income) expense		(3,305	)		1			(3,233	)		(169	)
Operating income (loss)		37,492			(456,381	)		55,131			(442,605	)
Interest income		113			143			188			205
Interest expense		(37,985	)		(22,919	)		(73,943	)		(45,283	)
Other income		25,169			4,926			12,981			41,383
Income (loss) before income taxes	$	24,789		$	(474,231	)	$	(5,643	)	$	(446,300	)