XML 38 R29.htm IDEA: XBRL DOCUMENT v3.23.1
Segment Information (Tables)
3 Months Ended
Mar. 31, 2023
Segment Reporting [Abstract]  
Schedule of Operating Segments

The operating results for the Company’s segments for the quarters ended March 31, 2023 and April 1, 2022 were as follows:

 

Quarter Ended March 31, 2023

 

North America IT

 

 

Europe IT

 

 

Non-Strategic

 

 

 

 

(amounts in thousands)

 

Solutions & Services

 

 

Solutions & Services

 

 

Technology Services

 

 

Total

 

Revenue

 

$

23,196

 

 

$

40,093

 

 

$

14,913

 

 

 

 

Direct costs

 

 

14,212

 

 

 

30,769

 

 

 

13,086

 

 

 

 

Gross profit

 

 

8,984

 

 

 

9,324

 

 

 

1,827

 

 

 

 

Sales, solutions, delivery, and recruiting expenses

 

 

4,797

 

 

 

5,052

 

 

 

363

 

 

 

 

Contribution profit

 

$

4,187

 

 

$

4,272

 

 

$

1,464

 

 

 

9,923

 

General and administrative expenses

 

 

 

 

 

 

 

 

 

 

 

9,216

 

Operating income

 

 

 

 

 

 

 

 

 

 

$

707

 

 

Quarter Ended April 1, 2022

 

North America IT

 

 

Europe IT

 

 

Non-Strategic

 

 

 

 

(amounts in thousands)

 

Solutions & Services

 

 

Solutions & Services

 

 

Technology Services

 

 

Total

 

Revenue

 

$

20,435

 

 

$

42,478

 

 

$

26,504

 

 

 

 

Direct costs

 

 

13,573

 

 

 

31,998

 

 

 

23,251

 

 

 

 

Gross profit

 

 

6,862

 

 

 

10,480

 

 

 

3,253

 

 

 

 

Sales, solutions, delivery, and recruiting expenses

 

 

3,130

 

 

 

5,229

 

 

 

810

 

 

 

 

Contribution profit

 

$

3,732

 

 

$

5,251

 

 

$

2,443

 

 

 

11,426

 

General and administrative expenses

 

 

 

 

 

 

 

 

 

 

 

8,227

 

Operating income

 

 

 

 

 

 

 

 

 

 

$

3,199

 

 

Schedule of Goodwill by Segment

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