Summary of Significant Accounting Policies (Tables)

6 Months Ended

Jun. 26, 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 quarter and two quarters ended June 26, 2020 and June 28, 2019 was as follows:

	For the Quarter Ended						For the Two Quarters Ended
	June 26, 2020			June 28, 2019			June 26, 2020			June 28, 2019
IT solutions		38.0	%		35.5	%		35.6	%		34.9	%
IT and other staffing		62.0	%		64.5	%		64.4	%		65.1	%
Total		100.0	%		100.0	%		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 quarter and two quarters ended June 26, 2020 and June 28, 2019 was as follows:

	For the Quarter Ended						For the Two Quarters Ended
	June 26, 2020			June 28, 2019			June 26, 2020			June 28, 2019
Technology service providers		31.8	%		31.7	%		33.3	%		32.1	%
Manufacturing		13.7	%		17.1	%		14.4	%		17.1	%
Healthcare		13.6	%		16.7	%		13.5	%		16.5	%
Financial services		14.8	%		13.4	%		14.5	%		13.7	%
Energy		7.2	%		5.5	%		6.7	%		5.1	%
General markets		18.9	%		15.6	%		17.6	%		15.5	%
Total		100.0	%		100.0	%		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 quarter and two quarters ended June 26, 2020 and June 28, 2019 was as follows:

	For the Quarter Ended						For the Two Quarters Ended
	June 26, 2020			June 28, 2019			June 26, 2020			June 28, 2019
Time-and-material		78.9	%		79.3	%		80.5	%		79.7	%
Progress billing		16.2	%		10.4	%		15.1	%		10.6	%
Percentage-of-completion		4.9	%		10.3	%		4.4	%		9.7	%
Total		100.0	%		100.0	%		100.0	%		100.0	%

Schedule of Revenue by Geographic Location

The Company recorded revenue in the quarter and two quarters ended June 26, 2020 and June 28, 2019 as follows:

For the Quarter Ended:	June 26, 2020					June 28, 2019					Year-over-Year Change
	(amounts in thousands)
North America		55.4	%	$	49,357		62.4	%	$	62,653		(21.2	)%
Europe		44.6	%		39,789		37.6	%		37,755		5.4	%
Total		100.0	%	$	89,146		100.0	%	$	100,408		(11.2	)%
For the Two Quarters Ended:	June 26, 2020					June 28, 2019					Year-over-Year Change
	(amounts in thousands)
North America		56.6	%	$	99,664		61.8	%	$	122,088		(18.4	)%
Europe		43.4	%		76,431		38.2	%		75,558		1.2	%
Total		100.0	%	$	176,095		100.0	%	$	197,646		(10.9	)%

Schedule of Property, Equipment and Capitalized Software

Property, equipment and capitalized software at June 26, 2020 and December 31, 2019 are summarized as follows:     

(amounts in thousands)	June 26, 2020			December 31, 2019
Property, equipment and capitalized software	$	13,592		$	17,384
Accumulated depreciation and amortization		(8,346	)		(11,005	)
Property, equipment and capitalized software, net	$	5,246		$	6,379

Summary of Changes in Carrying Amount of Goodwill

The changes in the carrying amount of goodwill for the two quarters ended June 26, 2020 are as follows:

(amounts in thousands)
Balance at December 31, 2019	$	16,681
Acquired goodwill		3,260
Foreign currency translation		28
Balance at June 26, 2020	$	19,969

Summary of Acquired Intangible Assets

Acquired intangible assets at June 26, 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	$	1,122	$	(86	)	$	224
Customer relationships	8-13 years		9,905		1,627		(761	)		7,517
Total		$	11,337	$	2,749	$	(847	)	$	7,741

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	$	547
2021		926
2022		870
2023		870
2024		870
2025		870
Thereafter		2,788
Total	$	7,741