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Summary of Significant Accounting Policies (Tables)
3 Months Ended
Mar. 30, 2018
Accounting Policies [Abstract]  
Summary of IT Solutions and IT and Other Staffing Revenue as Percentage of Total Revenue

IT solutions and IT and other staffing revenue as a percentage of total revenue for the quarters ended March 30, 2018 and March 31, 2017 was as follows:

 

 

 

For the Quarter Ended

 

 

 

March 30, 2018

 

 

March 31, 2017

 

IT solutions

 

 

30.6

%

 

 

29.8

%

IT and other staffing

 

 

69.4

%

 

 

70.2

%

Total

 

 

100.0

%

 

 

100.0

%

 

Revenue by Vertical Market as Percentage of Total Revenue

CTG’s revenue by vertical market as a percentage of total revenue for the quarters ended March 30, 2018 and March 31, 2017 was as follows:

 

 

 

For the Quarter Ended

 

 

 

March 30, 2018

 

 

March 31, 2017

 

Technology service providers

 

 

32.8

%

 

 

33.5

%

Manufacturing

 

 

19.5

%

 

 

25.6

%

Healthcare

 

 

15.1

%

 

 

16.9

%

Financial services

 

 

14.4

%

 

 

7.9

%

Energy

 

 

4.8

%

 

 

5.1

%

General markets

 

 

13.4

%

 

 

11.0

%

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 30, 2018 and March 31, 2017 was as follows:  

 

 

For the Quarter Ended

 

 

 

March 30, 2018

 

 

March 31, 2017

 

Time-and-material

 

 

86.3

%

 

 

85.6

%

Progress billing

 

 

10.1

%

 

 

11.3

%

Percentage-of-completion

 

 

3.6

%

 

 

3.1

%

Total

 

 

100.0

%

 

 

100.0

%

 

Schedule of Revenue by Geographic Location

The Company recorded revenue in the 2018 and 2017 first quarters as follows:

For the Quarter Ended:

 

March 30, 2018

 

 

March 31, 2017

 

 

Year-over-Year

Change

 

 

 

(amounts in thousands)

 

 

 

 

 

North America

 

 

65.0

%

 

$

53,764

 

 

 

75.2

%

 

$

57,893

 

 

 

(7.1

)%

Europe

 

 

35.0

%

 

 

28,949

 

 

 

24.8

%

 

 

19,113

 

 

 

51.5

%

Total

 

 

100.0

%

 

$

82,713

 

 

 

100.0

%

 

$

77,006

 

 

 

7.4

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Schedule of Property, Equipment and Capitalized Software

Property, equipment and capitalized software at March 30, 2018 and December 31, 2017 are summarized as follows:     

 

(amounts in thousands)

 

March 30, 2018

 

 

December 31, 2017

 

Property, equipment and capitalized software

 

$

17,890

 

 

$

23,009

 

Accumulated depreciation and amortization

 

 

(12,082

)

 

 

(16,013

)

Property, equipment and capitalized software, net

 

$

5,808

 

 

$

6,996