Summary of Significant Accounting Policies (Tables)

3 Months Ended

Mar. 27, 2020

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 27, 2020 and March 29, 2019 was as follows:

	For the Quarter Ended
	March 27, 2020			March 29, 2019
IT solutions		33.4	%		34.4	%
IT and other staffing		66.6	%		65.6	%
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 27, 2020 and March 29, 2019 was as follows:

	For the Quarter Ended
	March 27, 2020			March 29, 2019
Technology service providers		34.9	%		32.7	%
Manufacturing		15.0	%		16.9	%
Healthcare		13.4	%		16.2	%
Financial services		14.2	%		14.1	%
Energy		6.2	%		4.6	%
General markets		16.3	%		15.5	%
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 27, 2020 and March 29, 2019 was as follows:

	For the Quarter Ended
	March 27, 2020			March 29, 2019
Time-and-material		82.4	%		80.9	%
Progress billing		14.0	%		10.7	%
Percentage-of-completion		3.6	%		8.4	%
Total		100.0	%		100.0	%

Schedule of Revenue by Geographic Location

The Company recorded revenue in the quarters ended March 27, 2020 and March 29, 2019 as follows:

For the Quarter Ended:	March 27, 2020					March 29, 2019					Year-over-Year Change
	(amounts in thousands)
North America		57.9	%	$	50,307		61.1	%	$	59,435		(15.4	)%
Europe		42.1	%		36,642		38.9	%		37,803		(3.1	)%
Total		100.0	%	$	86,949		100.0	%	$	97,238		(10.6	)%

Schedule of Property, Equipment and Capitalized Software

Property, equipment and capitalized software at March 27, 2020 and December 31, 2019 are summarized as follows:     

(amounts in thousands)	March 27, 2020			December 31, 2019
Property, equipment and capitalized software	$	13,542		$	17,384
Accumulated depreciation and amortization		(8,502	)		(11,005	)
Property, equipment and capitalized software, net	$	5,040		$	6,379

Summary of Changes in Carrying Amount of Goodwill

The changes in the carrying amount of goodwill for the quarter ended March 27, 2020 are as follows:

(amounts in thousands)
Balance at December 31, 2019	$	16,681
Acquired goodwill		3,260
Foreign currency translation		(236	)
Balance at March 27, 2020	$	19,705

Summary of Acquired Intangible Assets

Acquired intangible assets at March 27, 2020 consist of the following:

(amounts in thousands)	Estimated Economic Life	Gross Carrying Amount		Accumulated Amortization		Foreign Currency Translation			Net Carrying Amount
Trademarks	2 year	$	1,432	$	1,023	$	(105	)	$	304
Customer relationships	8-13 years		9,905		1,389		(838	)		7,678
Total		$	11,337	$	2,412	$	(943	)	$	7,982

Summary of Estimated Amortization Expense

Estimated amortization expense for the remainder of 2020, the five succeeding years, and thereafter is as follows:

Year	Annual Amortization
(amounts in thousands)
2020	$	891
2021		912
2022		857
2023		857
2024		857
2025		857
Thereafter		2,751
Total	$	7,982