Summary of Significant Accounting Policies (Tables)

3 Months Ended

Mar. 31, 2023

Accounting Policies [Abstract]

Summary of IT Solutions and Services and Non-Strategic Technology Services as Percentage of Total Revenue

The segment revenue for the quarters ended March 31, 2023 and April 1, 2022 was as follows:

For the Quarter Ended:					Year-over-Year
(amounts in thousands)	March 31, 2023		April 1, 2022		Change
North America IT Solutions and Services	29.6 %	$23,196	22.9 %	$20,435	13.5 %
Europe IT Solutions and Services	51.3 %	40,093	47.5 %	42,478	(5.6)%
Non-Strategic Technology Services	19.1 %	14,913	29.6 %	26,504	(43.7)%
Total	100.0 %	$78,202	100.0 %	$89,417	(12.5)%

Revenue by Vertical Market as Percentage of Total Revenue

The Company’s revenue by vertical market as a percentage of total revenue for the quarters ended March 31, 2023 and April 1, 2022 was as follows:

	For the Quarter Ended
	March 31, 2023			April 1, 2022
Healthcare		18.7	%		17.4	%
Financial services		17.4	%		16.5	%
Manufacturing		16.4	%		13.9	%
Technology service providers		16.1	%		23.8	%
Energy		6.3	%		5.3	%
General markets		25.1	%		23.1	%
Total		100.0	%		100.0	%

Revenue by Contract Type

The Company’s revenue from contracts accounted for under time-and-material, progress billing and percentage-of-completion methods as a percentage of consolidated revenue for the quarters ended March 31, 2023 and April 1, 2022 was as follows:

	For the Quarter Ended
	March 31, 2023			April 1, 2022
Time-and-material		78.6	%		77.2	%
Progress billing		15.3	%		18.9	%
Percentage-of-completion		6.1	%		3.9	%
Total		100.0	%		100.0	%

Schedule of Revenue by Geographic Location

The Company recorded revenue in the quarters ended March 31, 2023 and April 1, 2022 as follows:

For the Quarter Ended:	March 31, 2023		April 1, 2022		Year-over-Year Change
(amounts in thousands)
North America	48.4 %	$37,859	51.7 %	$46,262	(18.2)%
Europe	51.6 %	40,343	48.3 %	43,155	(6.5)%
Total	100.0 %	$78,202	100.0 %	$89,417	(12.5)%

Schedule of Property, Equipment and Capitalized Software

Property, equipment and capitalized software at March 31, 2023 and December 31, 2022 were recorded as follows:

(amounts in thousands)	March 31, 2023			December 31, 2022
Property, equipment and capitalized software	$	15,541		$	15,086
Accumulated depreciation and amortization		(10,105	)		(10,025	)
Property, equipment and capitalized software, net	$	5,436		$	5,061

Schedule of Capitalized Software Costs

The Company capitalizes software projects developed for commercial use. The change in the Company’s capitalized software cost balance during the quarters ended March 31, 2023 and April 1, 2022 was as follows:

	For the Quarter Ended
(amounts in thousands)	March 31, 2023		April 1, 2022
Capitalized software, beginning balance	$	1,484	$	1,607
Foreign currency translation		24		(34	)
Capitalized software	$	1,508	$	1,573

Schedule of Amortization Expense and Accumulated Amortization

Amortization expense and accumulated amortization for these projects for the quarters ended March 31, 2023 and April 1, 2022 are as follows:

	For the Quarter Ended
(amounts in thousands)	March 31, 2023		April 1, 2022
Accumulated amortization, beginning balance	$	1,232	$	978
Amortization expense		83		72
Accumulated amortization	$	1,315	$	1,050

Summary of Changes in Carrying Amount of Goodwill and Goodwill by Segment

The changes in the carrying amount of goodwill for the quarter ended March 31, 2023 are as follows:

(amounts in thousands)
Balance at December 31, 2022	$	35,998
Acquisitions		(82	)
Foreign currency translation		313
Balance at March 31, 2023	$	36,229

The Company's goodwill by segment at March 31, 2023 and December 31, 2022 was as follows:

(amounts in thousands)	March 31, 2023		December 31, 2022
North America IT Solutions and Services	$	18,673	$	18,753
Europe IT Solutions and Services		17,556		17,245
Total goodwill	$	36,229	$	35,998

Summary of Acquired Intangible Assets

Acquired intangible assets at March 31, 2023 consist of the following:

(amounts in thousands)	Estimated Economic Life	Gross Carrying Amount		Accumulated Amortization			Foreign Currency Translation			Net Carrying Amount
Trademarks	2 years	$	1,532	$	(1,403	)	$	(129	)	$	—
Technology	10 years		1,141		(205	)		(17	)		919
Customer relationships	7-13 years		17,196		(4,483	)		(1,003	)		11,710
Total		$	19,869	$	(6,091	)	$	(1,149	)	$	12,629

Acquired intangible assets at December 31, 2022 consist of the following:

(amounts in thousands)	Estimated Economic Life	Gross Carrying Amount		Accumulated Amortization			Foreign Currency Translation			Net Carrying Amount
Trademarks	2 years	$	1,532	$	(1,380	)	$	(152	)	$	—
Technology	10 years		1,141		(161	)		(23	)		957
Customer relationships	7-13 years		17,196		(4,053	)		(1,157	)		11,986
Total		$	19,869	$	(5,594	)	$	(1,332	)	$	12,943

Summary of Estimated Amortization Expense

Estimated amortization expense for the remainder of 2023, the five succeeding years, and thereafter is as follows:

Year	Annual Amortization
(amounts in thousands)
2023 (remaining)	$	1,280
2024		1,707
2025		1,707
2026		1,707
2027		1,299
2028		1,218
Thereafter		3,711
Total	$	12,629