GOODWILL

Goodwill represents the premium paid over the fair value of the net tangible and intangible assets acquired in business combinations. The Company is required to assess the carrying value of its reporting units that contain goodwill at least on an annual basis. The Company has the option to

first

assess qualitative factors to determine whether it is necessary to perform a

two

-step impairment test. If the Company believes, as a result of the qualitative assessment, that it is more likely than

not

that the fair value of a reporting unit is less than the carrying value, the quantitative impairment test is required. The Company formally assesses these qualitative factors, and if necessary, conducts its annual goodwill impairment test as of the last day of the Company’s fiscal

December

each year or if indicators of impairment exist.

The changes in the carrying amount of goodwill for the

fifty-two

week periods ended

December 28, 2019

and

December 29, 2018

are as follows:

	Engineering			Specialty Health Care		Information Technology		Total
Balance as of December 30, 2017	$	7,249		$	2,398	$	2,038	$	11,685

Goodwill recorded, TKE acquisition		5,847			-		-		5,847

Balance as of December 29, 2018	$	13,096		$	2,398	$	2,038	$	17,532

Adjustment to final TKE purchase price		(1,178	)		-		-		(1,178	)

Balance as of December 28, 2019	$	11,918		$	2,398	$	2,038	$	16,354