Summary of Significant Accounting Policies (Tables)

3 Months Ended

Mar. 29, 2019

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 29, 2019 and March 30, 2018 was as follows:

	For the Quarter Ended
	March 29, 2019			March 30, 2018
IT solutions		34.4	%		30.2	%
IT and other staffing		65.6	%		69.8	%
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 29, 2019 and March 30, 2018 was as follows:

	For the Quarter Ended
	March 29, 2019			March 30, 2018
Technology service providers		32.7	%		33.1	%
Manufacturing		16.9	%		19.3	%
Healthcare		16.2	%		15.3	%
Financial services		14.1	%		13.7	%
Energy		4.6	%		4.8	%
General markets		15.5	%		13.8	%
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 29, 2019 and March 30, 2018 was as follows:  

	For the Quarter Ended
	March 29, 2019			March 30, 2018
Time-and-material		80.9	%		86.3	%
Progress billing		10.7	%		10.1	%
Percentage-of-completion		8.4	%		3.6	%
Total		100.0	%		100.0	%

Schedule of Revenue by Geographic Location

The Company recorded revenue in the 2019 and 2018 first quarters as follows:

For the Quarter Ended:	March 29, 2019					March 30, 2018					Year-over-Year Change
	(amounts in thousands)
North America		61.1	%	$	59,435		65.0	%	$	53,764		10.5	%
Europe		38.9	%		37,803		35.0	%		28,949		30.6	%
Total		100.0	%	$	97,238		100.0	%	$	82,713		17.6	%

Schedule of Property, Equipment and Capitalized Software

Property, equipment and capitalized software at March 29, 2019 and December 31, 2018 are summarized as follows:     

(amounts in thousands)	March 29, 2019			December 31, 2018
Property, equipment and capitalized software	$	18,436		$	18,292
Accumulated depreciation and amortization		(12,893	)		(12,636	)
Property, equipment and capitalized software, net	$	5,543		$	5,656

Summary of Changes in Carrying Amount of Goodwill

The changes in the carrying amount of goodwill for the quarter ended March 29, 2019 are as follows:

(amounts in thousands)
Balance at December 31, 2018	$	11,664
Acquired goodwill		7,814
Foreign currency translation		(332	)
Balance at March 29, 2019	$	19,146

Summary of Acquired Intangible Assets

Acquired intangible assets at March 29, 2019 consist of the following:

(amounts in thousands)	Estimated Economic Life	Gross Carrying Amount		Accumulated Amortization		Foreign Currency Translation			Net Carrying Amount
Trademarks	2 year		749		379		(75	)		295
Customer relationships	13 years		6,489		505		(652	)		5,332
Total		$	7,238	$	884	$	(727	)	$	5,627

Summary of Estimated Amortization Expense

Estimated amortization expense for the remainder of fiscal 2019 and the five succeeding fiscal years and thereafter is as follows (amounts in thousands):

Year	Annual Amortization
2019	$	589
2020		491
2021		449
2022		449
2023		449
2024		449
Thereafter		2,751
Total	$	5,627