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Segment Reporting (Tables)
6 Months Ended
Jun. 28, 2024
Segment Reporting [Abstract]  
Segment Reporting Information, by Segment

Segment information for the three and six months ended June 28, 2024 and June 30, 2023 follows:

Revenues

 

 

 

Three Months Ended

 

 

Six Months Ended

 

(In thousands)

 

June 28,
2024

 

 

June 30,
2023

 

 

June 28,
2024

 

 

June 30,
2023

 

Engineering and Other Scientific

 

$

118,477

 

 

$

116,647

 

 

$

239,948

 

 

$

233,695

 

Environmental and Health

 

 

22,059

 

 

 

23,574

 

 

 

45,521

 

 

 

46,835

 

Total revenues

 

$

140,536

 

 

$

140,221

 

 

$

285,469

 

 

$

280,530

 

 

Operating Income

 

 

 

Three Months Ended

 

 

Six Months Ended

 

(In thousands)

 

June 28,
2024

 

 

June 30,
2023

 

 

June 28,
2024

 

 

June 30,
2023

 

Engineering and Other Scientific

 

$

43,765

 

 

$

38,711

 

 

$

92,396

 

 

$

82,330

 

Environmental and Health

 

 

7,259

 

 

 

7,521

 

 

 

15,495

 

 

 

15,075

 

Total segment operating income

 

 

51,024

 

 

 

46,232

 

 

 

107,891

 

 

 

97,405

 

Corporate operating expense

 

 

(15,280

)

 

 

(16,357

)

 

 

(41,434

)

 

 

(38,410

)

Total operating income

 

$

35,744

 

 

$

29,875

 

 

$

66,457

 

 

$

58,995

 

 

Certain operating expenses are excluded from the Company’s measure of segment operating income. These expenses include costs associated with its human resources, legal, finance, information technology, and business development groups; the deferred compensation expense/benefit due to the change in value of assets associated with its deferred compensation plan; stock-based compensation associated with restricted stock unit and stock option awards; and the change in its allowance for contract losses and doubtful accounts.

Capital Expenditures

 

 

 

Three Months Ended

 

 

Six Months Ended

 

(In thousands)

 

June 28,
2024

 

 

June 30,
2023

 

 

June 28,
2024

 

 

June 30,
2023

 

Engineering and Other Scientific

 

$

465

 

 

$

1,261

 

 

$

882

 

 

$

2,669

 

Environmental and Health

 

 

45

 

 

 

19

 

 

 

74

 

 

 

114

 

Total segment capital expenditures

 

 

510

 

 

 

1,280

 

 

 

956

 

 

 

2,783

 

Corporate capital expenditures

 

 

497

 

 

 

8,287

 

 

 

1,560

 

 

 

12,645

 

Total capital expenditures

 

$

1,007

 

 

$

9,567

 

 

$

2,516

 

 

$

15,428

 

 

Certain capital expenditures associated with the Company’s corporate cost centers and the related depreciation are excluded from the Company’s segment information.

 

Depreciation and Amortization

 

 

 

Three Months Ended

 

 

Six Months Ended

 

(In thousands)

 

June 28,
2024

 

 

June 30,
2023

 

 

June 28,
2024

 

 

June 30,
2023

 

Engineering and Other Scientific

 

$

1,765

 

 

$

1,372

 

 

$

3,393

 

 

$

2,678

 

Environmental and Health

 

 

54

 

 

 

54

 

 

 

103

 

 

 

102

 

Total segment depreciation and
   amortization

 

 

1,819

 

 

 

1,426

 

 

 

3,496

 

 

 

2,780

 

Corporate depreciation and amortization

 

 

667

 

 

 

760

 

 

 

1,314

 

 

 

1,394

 

Total depreciation and amortization

 

$

2,486

 

 

$

2,186

 

 

$

4,810

 

 

$

4,174