Segment Information (Tables)

6 Months Ended

Jun. 29, 2024

Segment Reporting [Abstract]

Summary of Segment Information

The following tables summarize the Company’s segment information for the three and six-month periods ended June 29, 2024 and July 1, 2023, respectively (amounts in thousands):

	For the three-month period ended June 29, 2024
	PDS			HHH			MS			Total
Revenue	$	407,851		$	54,630		$	42,477		$	504,958
Cost of revenue, excluding depreciation and amortization		296,983			25,227			24,481			346,691
Gross margin	$	110,868		$	29,403		$	17,996		$	158,267
Gross margin percentage		27.2	%		53.8	%		42.4	%		31.3	%
	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 six-month period ended June 29, 2024
	PDS			HHH			MS			Total
Revenue	$	802,860		$	109,243		$	83,508		$	995,611
Cost of revenue, excluding depreciation and amortization		591,857			50,866			48,767			691,490
Gross margin	$	211,003		$	58,377		$	34,741		$	304,121
Gross margin percentage		26.3	%		53.4	%		41.6	%		30.5	%
	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 three-month periods ended						For the six-month periods ended
Segment Reconciliation:	June 29, 2024			July 1, 2023			June 29, 2024			July 1, 2023
Total segment gross margin	$	158,267		$	155,255		$	304,121		$	299,720
Branch and regional administrative expenses		87,972			91,255			175,886			182,963
Corporate expenses		30,245			26,354			60,087			57,289
Depreciation and amortization		2,833			3,491			5,745			7,532
Acquisition-related costs		-			(32	)		-			38
Other operating expense (income)		91			(3,305	)		2,411			(3,233	)
Operating income		37,126			37,492			59,992			55,131
Interest income		95			113			197			188
Interest expense		(39,613	)		(37,985	)		(79,260	)		(73,943	)
Other income		6,371			25,169			24,540			12,981
Income (loss) before income taxes	$	3,979		$	24,789		$	5,469		$	(5,643	)