Document And Entity Information
Document And Entity Information - USD ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2016 | Mar. 01, 2017 | Jul. 01, 2016 | |
Document Information [Line Items] | |||
Entity Registrant Name | RCM TECHNOLOGIES INC | ||
Entity Central Index Key | 700,841 | ||
Trading Symbol | rcmt | ||
Current Fiscal Year End Date | --12-31 | ||
Entity Filer Category | Smaller Reporting Company | ||
Entity Current Reporting Status | No | ||
Entity Voluntary Filers | No | ||
Entity Well-known Seasoned Issuer | No | ||
Entity Common Stock, Shares Outstanding (in shares) | 11,937,516 | ||
Entity Public Float | $ 30.6 | ||
Document Type | 10-K | ||
Document Period End Date | Dec. 31, 2016 | ||
Document Fiscal Year Focus | 2,016 | ||
Document Fiscal Period Focus | FY | ||
Amendment Flag | false |
Consolidated Balance Sheets
Consolidated Balance Sheets - USD ($) $ in Thousands | Dec. 31, 2016 | Jan. 02, 2016 |
Current assets: | ||
Cash and cash equivalents | $ 279 | $ 985 |
Accounts receivable, net | 45,170 | 50,946 |
Transit accounts receivable | 4,295 | 7,481 |
Prepaid expenses and other current assets | 3,327 | 4,508 |
Deferred income tax assets, domestic | 609 | |
Total current assets | 53,071 | 64,529 |
Property and equipment, net | 4,052 | 4,698 |
Other assets: | ||
Deposits | 212 | 227 |
Goodwill | 12,325 | 11,630 |
Intangible assets, net | 171 | 252 |
Total other assets | 12,708 | 12,109 |
Total assets | 69,831 | 81,336 |
Current liabilities: | ||
Accounts payable and accrued expenses | 8,154 | 7,863 |
Transit accounts payable | 6,776 | 8,995 |
Accrued payroll and related costs | 7,185 | 8,606 |
Income taxes payable | 537 | 343 |
Contingent consideration | 1,061 | 822 |
Total current liabilities | 23,713 | 26,629 |
Contingent consideration | 170 | 978 |
Long-term Line of Credit, Noncurrent | 14,311 | 21,000 |
Total liabilities | 38,576 | 49,133 |
Stockholders’ equity: | ||
Preferred stock, $1.00 par value; 5,000,000 shares authorized; no shares issued or outstanding | 0 | 0 |
Common stock, $0.05 par value; 40,000,000 shares authorized; 14,716,940 shares issued and 11,953,080 shares outstanding at December 31, 2016 and 14,559,381 shares issued and 12,496,635 shares outstanding at January 2, 2016 | 736 | 728 |
Additional paid-in capital | 115,607 | 114,331 |
Accumulated other comprehensive loss | (2,578) | (2,845) |
Accumulated deficit | (67,888) | (69,646) |
Treasury stock (2,763,860 shares at December 31, 2016 and 2,062,746 shares at January 2, 2016) at cost | (14,622) | (10,365) |
Stockholders’ equity | 31,255 | 32,203 |
Total liabilities and stockholders’ equity | 69,831 | 81,336 |
Domestic Tax Authority [Member] | ||
Current liabilities: | ||
Deferred tax liability | 148 | 276 |
Foreign Tax Authority [Member] | ||
Current liabilities: | ||
Deferred tax liability | $ 234 | $ 250 |
Consolidated Balance Sheets (Pa
Consolidated Balance Sheets (Parentheticals) - $ / shares | Dec. 31, 2016 | Jan. 02, 2016 |
Preferred stock par value (in dollars per share) | $ 1 | $ 1 |
Preferred stock, shares authorized (in shares) | 5,000,000 | 5,000,000 |
Preferred stock, shares issued (in shares) | 0 | 0 |
Preferred stock, shares outstanding (in shares) | 0 | 0 |
Common stock, par value (in dollars per share) | $ 0.05 | $ 0.05 |
Common stock, shares authorized (in shares) | 40,000,000 | 40,000,000 |
Common stock, shares issued (in shares) | 14,716,940 | 14,559,381 |
Common stock, shares outstanding (in shares) | 11,953,080 | 12,496,635 |
Treasury stock, shares (in shares) | 2,763,860 | 2,062,746 |
Consolidated Statements of Inco
Consolidated Statements of Income - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2016 | Jan. 02, 2016 | |
Revenues | $ 176,448 | $ 185,736 |
Cost of services | 129,418 | 133,851 |
Gross profit | 47,030 | 51,885 |
Operating costs and expenses | ||
Selling, general and administrative | 40,063 | 42,567 |
Legal settlement and office closure | 1,283 | |
Depreciation and amortization | 1,569 | 1,467 |
Operating costs and expenses | 42,915 | 44,034 |
Operating income | 4,115 | 7,851 |
Other (expense) income | ||
Interest expense and other, net | (539) | (504) |
Loss on sale of business unit | (121) | |
Change in contingent consideration | (285) | |
Gain (loss) on foreign currency transactions | 11 | (72) |
Other expense | (813) | (697) |
Income before income taxes | 3,302 | 7,154 |
Income tax expense | 1,544 | 1,139 |
Net income | $ 1,758 | $ 6,015 |
Basic net income per share (in dollars per share) | $ 0.14 | $ 0.48 |
Diluted net income per share (in dollars per share) | $ 0.14 | $ 0.47 |
Consolidated Statements of Comp
Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2016 | Jan. 02, 2016 | |
Net income | $ 1,758 | $ 6,015 |
Other comprehensive income (loss) | 267 | (2,936) |
Total comprehensive income | $ 2,025 | $ 3,079 |
Consolidated Statements of Chan
Consolidated Statements of Changes in Stockholders' Equity - USD ($) $ in Thousands | Common Stock [Member] | Additional Paid-in Capital [Member] | AOCI Attributable to Parent [Member] | Retained Earnings [Member] | Treasury Stock [Member] | Total |
Balance (in shares) at Jan. 03, 2015 | 14,148,667 | 1,476,780 | ||||
Balance at Jan. 03, 2015 | $ 707 | $ 112,529 | $ 91 | $ (62,933) | $ (7,529) | $ 42,865 |
Issuance of stock under employee stock purchase plan (in shares) | 73,048 | |||||
Issuance of stock under employee stock purchase plan | $ 4 | 369 | 373 | |||
Translation adjustment | (2,936) | $ (2,936) | ||||
Issuance of stock upon exercise of stock options (in shares) | 3,500 | 3,500 | ||||
Issuance of stock upon exercise of stock options | 19 | $ 19 | ||||
Issuance of stock upon vesting of restricted share units (in shares) | 334,166 | |||||
Issuance of stock upon vesting of restricted share units | $ 17 | (17) | ||||
Effect of reduced tax deduction over book expense associated with equity awards | (15) | (15) | ||||
Share based compensation expense | 1,446 | 1,446 | ||||
Common stock repurchase (in shares) | 585,966 | |||||
Common stock repurchase | $ (2,836) | (2,836) | ||||
Cash dividend paid | (12,529) | (12,529) | ||||
Dividends declared on restricted stock units | (209) | (209) | ||||
Dividends on restricted share units forfeited | 10 | 10 | ||||
Net income | 6,015 | 6,015 | ||||
Balance (in shares) at Jan. 02, 2016 | 14,559,381 | 2,062,746 | ||||
Balance at Jan. 02, 2016 | $ 728 | 114,331 | (2,845) | (69,646) | $ (10,365) | 32,203 |
Common stock repurchase (in shares) | 585,966 | |||||
Issuance of stock under employee stock purchase plan (in shares) | 81,225 | |||||
Issuance of stock under employee stock purchase plan | $ 4 | 364 | 368 | |||
Translation adjustment | 267 | $ 267 | ||||
Issuance of stock upon exercise of stock options (in shares) | 2,500 | 2,500 | ||||
Issuance of stock upon exercise of stock options | 15 | $ 15 | ||||
Issuance of stock upon vesting of restricted share units (in shares) | 73,834 | |||||
Issuance of stock upon vesting of restricted share units | $ 4 | (4) | ||||
Share based compensation expense | 901 | 901 | ||||
Common stock repurchase (in shares) | 701,114 | |||||
Common stock repurchase | $ (4,257) | (4,257) | ||||
Dividends declared on restricted stock units | ||||||
Dividends on restricted share units forfeited | ||||||
Net income | 1,758 | 1,758 | ||||
Balance (in shares) at Dec. 31, 2016 | 14,716,940 | 2,763,860 | ||||
Balance at Dec. 31, 2016 | $ 736 | $ 115,607 | $ (2,578) | $ (67,888) | $ (14,622) | $ 31,255 |
Common stock repurchase (in shares) | 701,114 |
Consolidated Statements of Cash
Consolidated Statements of Cash Flows - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2016 | Jan. 02, 2016 | |
Cash flows from operating activities: | ||
Net income | $ 1,758 | $ 6,015 |
Adjustments to reconcile net income to net cash provided by operating activities: | ||
Depreciation and amortization | 1,569 | 1,467 |
Loss on sale of business unit | 121 | |
Increase in contingent consideration | 285 | |
Share-based compensation expense | 901 | 1,446 |
Provision for losses on accounts receivable | 616 | 1,021 |
Deferred income tax expense | 463 | 1,322 |
Changes in assets and liabilities: | ||
Accounts receivable | 5,427 | 4,261 |
Transit accounts receivable | 3,220 | (4,216) |
Prepaid expenses and other current assets | 1,228 | (2,225) |
Accounts payable and accrued expenses | (290) | (80) |
Transit accounts payable | (2,254) | 2,893 |
Accrued payroll and related costs | (1,473) | 837 |
Income taxes payable | 185 | (381) |
Total adjustments | 9,877 | 6,466 |
Net cash provided by operating activities | 11,635 | 12,481 |
Cash flows from investing activities: | ||
Property and equipment acquired | (846) | (2,790) |
Decrease in deposits | 15 | 3 |
Cash payments for business acquired | (800) | |
Cash from sale of business unit | 551 | |
Net cash used in investing activities | (831) | (3,036) |
Cash flows from financing activities: | ||
Borrowings under line of credit | 83,605 | 58,276 |
Repayments on line of credit | (90,294) | (57,276) |
Sale of stock for employee stock purchase plan | 368 | 373 |
Exercise of stock options | 15 | 19 |
Effect of (reduced) excess tax deduction on equity awards | (15) | |
Common stock repurchases | (4,257) | (2,836) |
Dividends paid to shareholders | (12,529) | |
Contingent consideration paid | (993) | (200) |
Net cash used in financing activities | (11,556) | (14,188) |
Effect of exchange rate changes on cash and cash equivalents | 46 | (683) |
Decrease in cash and cash equivalents | (706) | (5,426) |
Cash and cash equivalents at beginning of period | 985 | 6,411 |
Cash and cash equivalents at end of period | 279 | 985 |
Supplemental cash flow information: | ||
Interest | 464 | 488 |
Income taxes | 927 | 821 |
Non-cash investing activities: | ||
Non-cash consideration for business acquisitions | 695 | 746 |
Non-cash financing activities: | ||
Dividend declared but unpaid on unvested restricted share units | 209 | |
Dividends forfeited on unvested forfeited restricted share units | (10) | |
Vesting of restricted share units | $ 473 | $ 1,857 |
Note 1 - Summary of Significant
Note 1 - Summary of Significant Accounting Policies | 12 Months Ended |
Dec. 31, 2016 | |
Notes to Financial Statements | |
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block] | 1. Description of Business and Basis of Presentation RCM Technologies, Inc. (the “Company” or “RCM”) is a premier provider of business and technology solutions designed to enhance and maximize the operational performance of its customers through the adaptation and deployment of advanced engineering and information technology services. Additionally, the Company provides specialty health care staffing services through its Specialty Health Care Services group. RCM’s offices are primarily located in major metropolitan centers throughout North America. The consolidated financial statements are comprised of the accounts of the Company and its wholly owned subsidiaries. All significant intercompany accounts and transactions have been eliminated in consolidation. Cash and Cash Equivalents The Company considers its holdings of highly liquid money-market instruments and certificates of deposits to be cash equivalents if the securities mature within 90 may $0.1 December 31, 2016 January 2, 2016, Fair Value of Financial Instruments The Company’s carrying value of financial instruments, consisting primarily of accounts receivable, transit accounts receivable, accounts payable, transit accounts payable and accrued expenses, and borrowings under line of credit approximates fair value due to their liquidity or their short-term nature. The Company does not have derivative products in place to manage risks related to foreign currency fluctuations for its foreign operations or for interest rate changes. Accounts Receivable and Allowance for Doubtful Accounts The Company’s accounts receivable are primarily due from trade customers. Credit is extended based on evaluation of customers’ financial condition and, generally, collateral is not required. Accounts receivable payment terms vary and are stated in the financial statements at amounts due from customers net of an allowance for doubtful accounts. Accounts outstanding longer than the payment terms are considered past due. The Company determines its allowance by considering a number of factors, including the length of time trade accounts receivable are past due, the Company’s previous loss history, the customer’s current ability to pay its obligation to the Company, and the condition of the general economy and the industry as a whole. The Company writes off accounts receivable when they become uncollectible, and payments subsequently received on such receivables previously written off are credited to bad debt expense. Accrued and Unbilled Accounts Receivable and Work-in-Process Unbilled receivables primarily represent revenues earned whereby those services are ready to be billed as of the balance sheet ending date. Work-in-process primarily represents revenues earned under contracts which the Company is contractually precluded from invoicing until future dates as project milestones are realized. See Note 4 Transit Receivables and Transit Payables From time to time, the Company’s Engineering segment enters into agreements to provide, among other things, construction management and engineering services. In certain circumstances, the Company may may Under the terms of the agreements, the Company is typically not required to pay the subcontractor until after the corresponding payment from the Company’s end-client is received. Upon invoicing the end-client on behalf of the subcontractor or staffing agency the Company records this amount simultaneously as both a “transit account receivable” and “transit account payable” as the amount when paid to the Company is due to and generally paid to the subcontractor within a few days. The Company typically does not pay a given transit account payable until the related transit account receivable is collected. The Company’s transit accounts payable generally exceeds the Company’s transit accounts receivable but absolute amounts and spreads fluctuate significantly from quarter to quarter in the normal course of business. Property and Equipment Property and equipment are stated at cost net of accumulated depreciation and amortization and are depreciated or amortized on the straight-line method at rates calculated to provide for retirement of assets at the end of their estimated useful lives. Most hardware and software as well as furniture and office equipment is depreciated or amortized over five Intangible Assets The Company’s intangible assets have been generated through acquisitions. The Company maintains responsibility for valuing and determining the useful life of intangible assets and typically engages a third four six may third Canadian Sales Tax The Company is required to charge and collect sales tax for all Canadian clients and remits invoiced sales tax monthly to the Canadian taxing authorities whether collected or not. The Company does not collect the sales tax from its clients until they have paid their respective invoices. The Company includes uncollected Canadian sales tax invoiced to clients in its prepaid and other current assets. Goodwill Goodwill represents the premium paid over the fair value of the net 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 in order to determine if any impairment in value has occurred. The Company has the option to first two November may a relatively few shareholders, the Company may December 31, 2016 January 2, 2016. two Long-Lived and Intangible Assets The Company evaluates long-lived assets and intangible assets with definite lives for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may Software In accordance with “Accounting for Costs of Computer Software Developed or Obtained for Internal Use,” certain costs related to the development or purchase of internal-use software are capitalized and amortized over the estimated useful life of the software. During the fiscal years ended December 31, 2016 January 2, 2016, $434 $2,249, December 31, 2016 January 2, 2016 $2,018 $2,386, Income Taxes The Company makes judgments and interpretations based on enacted tax laws, published tax guidance, as well as estimates of future earnings. These judgments and interpretations affect the provision for income taxes, deferred tax assets and liabilities and the valuation allowance. The Company evaluated the deferred tax assets and determined on the basis of objective factors that the net assets will be realized through future years’ taxable income. In the event that actual results differ from these estimates and assessments, additional valuation allowances may December 31, 2016 January 2, 2016. The Company accounts for income taxes in accordance with “Accounting for Income Taxes” which requires an asset and liability approach of accounting for income taxes. “Accounting for Income Taxes” requires assessment of the likelihood of realizing benefits associated with deferred tax assets for purposes of determining whether a valuation allowance is needed for such deferred tax assets. The Company and its wholly owned U.S. subsidiaries file a consolidated federal income tax return. The Company also files tax returns in Canada and Ireland. The Company also follows the provisions of “Accounting for Uncertainty in Income Taxes” which prescribes a model for the recognition and measurement of a tax position taken or expected to be taken in a tax return, and provides guidance on derecognition, classification, interest and penalties, disclosure and transition. The Company’s policy is to record interest and penalty, if any, as interest expense. Revenue Recognition The Company derives its revenues from several sources. The Company’s Engineering Services and Information Technology Services segments perform consulting and project solutions services. All of the Company’s segments perform staff augmentation services and derive revenue from permanent placement fees. The majority of the Company’s revenues are invoiced on a time and materials basis. Project Services The Company recognizes revenues in accordance with current revenue recognition standards under Accounting Standards Codification (“ASC”) 605, may 12 See description of revenue recognition policy for construction management and engineering services below in “transit receivables and transit payables.” Consulting and Staffing Services Revenues derived from consulting and staffing services are recorded on a gross basis as services are performed and associated costs have been incurred using employees of the Company. These services are typically billed on a time and material basis. In certain cases, the Company may Transit Receivables and Transit Payables From time to time, the Company’s Engineering segment enters into agreements to provide, among other things, construction management and engineering services. In certain circumstances, the Company may may During the fifty two December 31, 2016, $49.7 $27.3 fifty two January 2, 2016, $65.9 $34.5 15.5% fifty two December 31, 2016 18.6% Under the terms of the agreements, the Company is typically not required to pay the subcontractor until after the corresponding payment from the Company’s end-client is received. Upon invoicing the end-client on behalf of the subcontractor or staffing agency the Company records this amount simultaneously as both a “transit account receivable” and “transit account payable” as the amount when paid to the Company is due to and generally paid to the subcontractor within a few days. The Company typically does not pay a given transit account payable until the related transit account receivable is collected. The Company’s transit accounts payable generally exceeds the Company’s transit accounts receivable but absolute amounts and spreads fluctuate significantly from quarter to quarter in the normal course of business. The transit accounts receivable was $4.3 $6.8 $2.5 December 31, 2016. $7.5 $9.0 $1.5 January 2, 2016. Permanent Placement Services The Company earns permanent placement fees from providing permanent placement services. Fees for placements are recognized at the time the candidate commences employment. The Company guarantees its permanent placements on a prorated basis for 90 90 Permanent placement revenues were $3.6 $3.4 December 31, 2016 January 2, 2016, Concentration During the fiscal year ended December 31, 2016, 10.0% December 31, 2016 10.0% 17.6%. December 31, 2016, $0.5 $8.4 17.0% 10% five, ten twenty 31.8%, 47.7% 60.8%, December 31, 2016. During the fiscal year ended January 2, 2016, 10.0% January 2, 2016 10.0% 1) 17.4% 2) 16.5% 3) 10.3%. January 2, 2016, $1.0 $9.8 16.8% January 2, 2016, $1.1 $9.5 15.5% 10% five, ten twenty 33.7%, 48.3% 60.5%, January 2, 2016. Foreign Currency Translation The functional currency of the Company’s Canadian subsidiary is the local currency. Assets and liabilities are translated at period-end exchange rates. Income and expense items are translated at weighted average rates of exchange prevailing during the year. Any translation adjustments are included in the accumulated other comprehensive income account in stockholders’ equity. Transactions executed in different currencies resulting in exchange adjustments are translated at spot rates and resulting foreign exchange transaction gains and losses are included in the results of operations. Comprehensive Income Comprehensive income consists of net income and foreign currency translation adjustments. Per Share Data Basic net income per share is calculated using the weighted-average number of common shares outstanding during the period. Diluted net income per share is calculated using the weighted-average number of common shares plus dilutive potential common shares outstanding during the period. Potential dilutive common shares consist of stock options and other stock-based awards under the Company’s stock compensation plans, when their impact is dilutive. Because of the Company’s capital structure, all reported earnings pertain to common shareholders and no other adjustments are necessary. Share - Based Compensation The Company recognizes share-based compensation over the vesting period of an award based on fair value at the grant date determined using the Black-Scholes option pricing model. Certain assumptions are used to determine the fair value of stock-based payment awards on the date of grant and require subjective judgment. Because employee stock options have characteristics significantly different from those of traded options, and because changes in the input assumptions can materially affect the fair value estimate, the existing models may may may 11 Restricted share units are recognized at their fair value. The amount of compensation cost is measured on the grant date fair value of the equity instrument issued. The compensation cost of the restricted share units is recognized over the vesting period of the restricted share units on a straight-line basis. Restricted share units typically include dividend accrual equivalents, which means that any dividends paid by the Company during the vesting period become due and payable after the vesting period assuming the grantee’s restricted stock unit fully vests. Dividends for these grants are accrued on the dividend payment dates and included in accounts payable and accrued expenses on the accompanying consolidated balance sheet. Dividends for restricted share units that ultimately do not vest are forfeited. Advertising Costs Advertising costs are expensed as incurred. Total advertising expense was $643 $635 December 31, 2016 January 2, 2016, |
Note 2 - Fiscal Year
Note 2 - Fiscal Year | 12 Months Ended |
Dec. 31, 2016 | |
Notes to Financial Statements | |
Business Description and Basis of Presentation [Text Block] | 2. FISCAL YEAR The Company follows a 52/53 December 31. December 31, 2016 2016) January 2, 2016 2015) 52 |
Note 3 - Use of Estimates and U
Note 3 - Use of Estimates and Uncertainties | 12 Months Ended |
Dec. 31, 2016 | |
Notes to Financial Statements | |
Basis of Presentation and Significant Accounting Policies [Text Block] | 3. USE OF ESTIMATES AND UNCERTAINTIES The preparation of financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, revenues and expenses and disclosure of contingent assets and liabilities. Actual results could differ from those estimates. The Company uses estimates to calculate an allowance for doubtful accounts on its accounts receivables, adequacy of reserves, goodwill impairment, if any, equity compensation, the tax rate applied and the valuation of certain assets and liability accounts. These estimates can be significant to the operating results and financial position of the Company. The Company has risk participation arrangements with respect to workers compensation and health care insurance. The amounts included in the Company’s costs related to this risk participation are estimated and can vary based on changes in assumptions, the Company’s claims experience or the providers included in the associated insurance programs. The Company can be affected by a variety of factors including uncertainty relating to the performance of the general economy, competition, demand for the Company’s services, adverse litigation and claims and the hiring, training and retention of key employees. Fair Value of Financial Instruments The Company’s carrying value of financial instruments, consisting primarily of accounts receivable, transit accounts receivable, accounts payable and accrued expenses, and transit accounts payable and borrowings under line of credit approximates fair value due to their liquidity or their short-term nature. The Company does not have derivative products in place to manage risks related to foreign currency fluctuations for its foreign operations or for interest rate changes. |
Note 4 - Accounts Receivable
Note 4 - Accounts Receivable | 12 Months Ended |
Dec. 31, 2016 | |
Notes to Financial Statements | |
Loans, Notes, Trade and Other Receivables Disclosure [Text Block] | 4. The Company’s accounts receivable are comprised as follows: December 31, 2016 January 2, 2016 Billed $ 34,463 $ 40,117 Accrued and unbilled 6,894 4,939 Work-in-progress 5,215 7,322 Allowance for sales discounts and doubtful accounts (1,402 ) (1,432 ) Accounts receivable, net $ 45,170 $ 50,946 Unbilled receivables primarily represent revenues earned whereby those services are ready to be billed as of the balance sheet date. Work-in-process primarily represents revenues earned under contracts which the Company contractually invoices at future dates. |
Note 5 - Property and Equipment
Note 5 - Property and Equipment | 12 Months Ended |
Dec. 31, 2016 | |
Notes to Financial Statements | |
Property, Plant and Equipment Disclosure [Text Block] | 5. Property and equipment are comprised of the following: December 31, 2016 January 2, 2016 Equipment and furniture $ 1,045 $ 2,358 Computers and systems 5,521 6,119 Leasehold improvements 804 752 7,370 9,229 Less: accumulated depreciation and amortization 3,318 4,531 Property and equipment, net $ 4,052 $ 4,698 The Company writes off fully depreciated and amortized assets each year. In the fiscal years ended December 31, 2016 January 2, 2016, $2,705 $3,489, December 31, 2016 January 2, 2016, $1,489 $1,386, |
Note 6 - Acquisitions
Note 6 - Acquisitions | 12 Months Ended |
Dec. 31, 2016 | |
Notes to Financial Statements | |
Business Combination Disclosure [Text Block] | 6. General The Company has acquired numerous companies throughout its history and those acquisitions have generally included significant future contingent consideration. The Company gives no assurance that it will make acquisitions in the future and if they do make acquisitions gives no assurance that such acquisitions will be successful. As of December 31, 2016, four may 1) July 1, 2012 2) August 1, 2014 3) July 5, 2015, 4) December 31, 2016, December 31, 2016 Fiscal Year Total December 30, 2017 $ 1,061 December 30, 2018 170 Estimated future contingent consideration payments $ 1,231 Estimates of future contingent payments are subject to significant judgment and actual payments may $0.7 $1.1 $1.5 $0.1 December 31, 2016. 820 10 35) 3 AHP Effective December 31, 2016, The purchase price for AHP was $695, 1) $275 January 2017; 2) $280 October 2018; 3) $140 2018. SDS Effective July 5, 2015, |
Note 7 - Goodwill
Note 7 - Goodwill | 12 Months Ended |
Dec. 31, 2016 | |
Notes to Financial Statements | |
Goodwill Disclosure [Text Block] | 7. 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 two November The changes in the carrying amount of goodwill for the fifty two December 31, 2016 Engineering Information Technology Specialty Health Care Total Balance as of January 3, 2015 $ 3,004 $ 5,516 $ 1,703 $ 10,223 Goodwill recorded, SDS acquisition 1,407 - - 1,407 Balance as of January 2, 2016 $ 4,411 $ 5,516 $ 1,703 $ 11,630 Goodwill recorded, AHP acquisition - - 695 695 Balance as of December 31, 2016 $ 4,411 $ 5,516 $ 2,398 $ 12,325 |
Note 8 - Intangible Assets
Note 8 - Intangible Assets | 12 Months Ended |
Dec. 31, 2016 | |
Notes to Financial Statements | |
Intangible Assets Disclosure [Text Block] | 8. The Company evaluates long-lived assets and intangible assets with definite lives for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may The following table reflects the components of net intangible assets, excluding goodwill, as of December 31, 2016: Engineering Information Technology Total Balance as of January 3, 2015 $ 189 $ 5 $ 194 Intangibles acquired, SDS acquisition 140 - 140 Amortization of intangibles during the fifty-two week period ended January 2, 2016 (77 ) (5 ) (82 ) Balance as of January 2, 2016 $ 252 $ - $ 252 Amortization of intangibles during the fifty-two week period ended December 31, 2016 (81 ) - (81 ) Balance as of December 31, 2016 $ 171 $ - $ 171 The Company periodically writes off fully amortized intangible assets. The Company did not 2016 $291 January 2, 2016. Schedule of Intangible Assets by class at December 31, 2016 January 2, 2016: December 31, 2016 January 2, 2016 Restricted covenants $ 27 $ 53 Customer relationships 144 199 Total intangible assets $ 171 $ 252 Expected Future Amortization Expense: Fiscal Year Total 2017 $ 66 2018 50 2019 25 2020 17 2021 13 Total $ 171 |
Note 9 - Line of Credit
Note 9 - Line of Credit | 12 Months Ended |
Dec. 31, 2016 | |
Notes to Financial Statements | |
Debt Disclosure [Text Block] | 9. LINE OF CREDIT The Company and its subsidiaries are party to a loan agreement with Citizens Bank of Pennsylvania, amended and restated effective February 20, 2009, $35 $5 December 11, 2019. June 13, 2016 December 14, 2015 one two 30 December 31, 2016 2.3%. All borrowings under the Revolving Credit Facility are collateralized by all of the assets of the Company and its subsidiaries and a pledge of the stock of its subsidiaries. The Revolving Credit Facility also contains various financial and non-financial covenants, such as a covenant that restricts on the Company’s ability to borrow in order to pay dividends. The Company paid a special cash dividend on December 30, 2015 December 31, 2016, Borrowings under the line of credit as of December 31, 2016 January 2, 2016 $14.3 $21.0 December 31, 2016 January 2, 2016, $0.8 December 31, 2016, $19.9 |
Note 10 - Per Share Data
Note 10 - Per Share Data | 12 Months Ended |
Dec. 31, 2016 | |
Notes to Financial Statements | |
Earnings Per Share [Text Block] | 10. The Company uses the treasury stock method to calculate the weighted-average shares used for diluted earnings per share. The number of common shares used to calculate basic and diluted earnings per share for the fiscal years ended December 31, 2016 January 2, 2016 Fiscal Years Ended December 31, 2016 January 2, 2016 Basic weighted average shares outstanding 12,302,558 12,658,466 Dilutive effect of outstanding restricted share units and stock options 120,790 242,484 Weighted average dilutive shares outstanding 12,423,348 12,900,950 There were 40,000 42,500 absolute anti-dilutive shares not included in the calculation of common stock equivalents for the fiscal years ended December 31, 2016 January 2, 2016, These were determined to be anti-dilutive because the exercise prices of these shares for the periods were higher than the average price of all shares for the same periods. Unissued shares of common stock were reserved for the following purposes: December 31, 2016 January 2, 2016 Exercise of options outstanding 42,000 44,500 Time-based restricted share units outstanding 197,734 208,834 Performance-based restricted share units outstanding 200,000 0 Future grants of options or shares 619,266 382,000 Shares reserved for employee stock purchase plan 268,211 349,436 Total 1,327,211 984,770 |
Note 11 - Share Based Compensat
Note 11 - Share Based Compensation | 12 Months Ended |
Dec. 31, 2016 | |
Notes to Financial Statements | |
Disclosure of Compensation Related Costs, Share-based Payments [Text Block] | 11. At December 31, 2016, the Company had four three one three 10 may Share-based compensation expense of $901 $1,446 December 31, 2016 January 2, 2016, Share based compensation for the fiscal year ended December 31 , 2016 December 31 , 2016, As of December 31, 2016, $0.6 of total unrecognized compensation cost related to all time-based non-vested share-based awards granted under the Company’s various share-based plans, which the Company expects to recognize over fiscal 2017. may During fiscal 2016, three 200,000 2016. December 31, 2016, Incentive Share-Based Plans 2000 2000 The 2000 April 2001, 1,500,000 December 31, 2016, 25,000 2000 2007 2007 The 2007 June 2007, 700,000 350,000 300,000 December 31, 2016, 17,000 2007 The 2000 2007 no 2014 2014 The 2014 December 2014, 625,000 In fiscal 2016, 2014 500,000 1,125,000 December 1, 2026. As of December 31, 2016, 2014 197,734 200,000 619,266 Employee Stock Purchase Plan The Company implemented the 2001 January 1, 2001. 85% 10% one 3,000 In fiscal 2015, 300,000 1,100,000 December 31, 2025. During the fiscal years ended December 31, 2016 January 2, 2016, 81,225 73,048 $368 $373, December 31, 2016, 268,211 December 31, 2016 January 2, 2016 $108 $111, Stock Option Awards Transactions related to all stock options under all plans are as follows: All Stock Options Outstanding Shares Weighted Average Exercise Price Options outstanding as of January 3, 2015 53,000 $ 7.65 Options granted - Options exercised, net (3,500 ) $ 4.30 Options forfeited/cancelled (5,000 ) $ 5.78 Options outstanding as of January 2, 2016 44,500 $ 8.12 Options exercisable as of January 2, 2016 29,500 $ 9.15 Intrinsic value of outstanding stock options as of January 2, 2016 $ 0 Intrinsic value of stock options exercised in fiscal year ended January 2, 2016 $ 8 Weighted average grant date fair value of stock options issued during fiscal year ended January 2, 2016 N/A Options outstanding as of January 2, 2016 44,500 $ 8.12 Options granted - Options exercised, net (2,500 ) $ 5.62 Options forfeited/cancelled - Options outstanding as of December 31, 2016 42,000 $ 8.27 Options exercisable as of December 31, 2016 27,000 $ 9.47 Intrinsic value of outstanding stock options as of December 31, 2016 $ 6 Intrinsic value of stock options exercised in fiscal year ended December 31, 2016 $ 3 Weighted average grant date fair value of stock options issued during fiscal year ended December 31, 2016 N/A A summary of the status of our nonvested stock options outstanding as of December 31, 2016, Nonvested Stock Options Shares Weighted-Average Grant-Date Fair Value Nonvested at January 2, 2016 15,000 $ 2.33 Vested - Forfeited - Issued nonvested - Nonvested at December 31, 2016 15,000 $ 2.33 The following table summarizes information about stock options outstanding at December 31, 2016: Range of Exercise Prices Number of Outstanding Options Weighted-Average Remaining Contractual Life Weighted-Average Exercise Price Outstanding Vested Outstanding Vested Outstanding Vested $5.27 - $6.10 17,000 2,000 6.62 1.02 $ 6.00 $ 5.27 $9.81 25,000 25,000 0.55 0.55 $ 9.81 $ 9.81 42,000 27,000 Restricted share units The Company granted 262,734 48,000 December 31, 2016 January 2, 2016, 2016 62,734 200,000 The Company estimates that it will recognize expenses for all unvested share-based awards outstanding as of December 31, 2016 Fiscal Year Time- Based Performance- Based Total 2017 $ 578 $ - $ 578 The above estimates are based on certain assumptions that are subject to change and that the actual expense recognized may 1) 2) December 31, 2016 may The risk-free rate of return is based on the yield of U.S. Treasury Strips with terms equal to the expected life of the grants as of the grant date. The expected term of grant is based on historical stock option exercise experience. The Company used its historical stock price volatility to compute the expected stock price volatility. The expected dividend yield is based on the Company’s fiscal 2016 December 31, 2016 January 2, 2016 Fiscal Years Ended December 31, 2016 January 2, 2016 Weighted average risk-free interest rate 1.35 % 1.74 % Expected term of option (years) 5 5 Expected stock price volatility 33 % 35 % Expected dividend yield 0.00 % 0.00 % Annual forfeiture rate 3.11 % 3.23 % Weighted-average grant date fair value $ 5.51 $ 5.00 During fiscal 2016, 262,734 62,734 200,000 62,734 37,734 25,000 2015 2015, 48,000 2016. December 31, 2016, 397,734 December 31, 2016 January 2, 2016 $0.4 $0.5 Number of Restricted Stock Units (in thousands) Weighted Average Grant Date Fair Value per Share Outstanding non-vested at January 3, 2015 500 $ 6.61 Granted 48 $ 5.00 Vested (334 ) $ 6.05 Forfeited or expired (5 ) $ 7.95 Outstanding non-vested at January 2, 2016 209 $ 7.10 Granted – time-based vesting 63 $ 5.98 Granted – performance-based vesting 200 $ 5.36 Vested (74 ) $ 5.56 Forfeited or expired - - Outstanding non-vested at December 31, 2016 398 $ 6.34 Based on the closing price of the Company’s common stock of $6.36 December 30, 2016, December 31, 2016 $1.3 may |
Note 12 - Treasury Stock Transa
Note 12 - Treasury Stock Transactions | 12 Months Ended |
Dec. 31, 2016 | |
Notes to Financial Statements | |
Treasury Stock [Text Block] | 12. TREASURY STOCK TRANSACTIONS On October 28, 2013, $5.0 12 September 30, 2014, October 31, 2015. September 11, 2015, December 31, 2016. On August 9, 2016, $5.0 December 31, 2017. For the fiscal year ended December 31, 2016, repurchased 701,114 $6.07 December 31, 2016, $2.9 |
Note 13 - New Accounting Standa
Note 13 - New Accounting Standards | 12 Months Ended |
Dec. 31, 2016 | |
Notes to Financial Statements | |
New Accounting Pronouncements and Changes in Accounting Principles [Text Block] | 13. NEW ACCOUNTING STANDARDS In May 2014, 2014 09, March 2016, 2016 08, 606): April 2016, 2016 10, 606): May 2016, 2016 12, 606): December 2016, 2016 20, “Technical Corrections and Improvements to Topic 606, , ” December 15, 2017 In February 2016 2016 02 , Leases (Topic 842), first 2019, In March 2016, 2016 09, Compensation – Stock Compensation (Topic 718): 2016 09 2016 09 2017 first In June 2016, 2016 13, Financial Instruments - Credit Losses (Topic 326). December 15, 2018, may In August 2016, 2016 15, Statement of Cash Flows ( Topic 230): Classification of Certain Cash Receipts and Cash Payments 2016 15 December 15, 2017. The Company is currently evaluating the potential impact of adoption of this standard on its consolidated financial statements. In January 2017, 2017 01, Business Combinations” 805) December 15, 2017 In January 2017, 2017 04, 350). 1 2 December 15, 2019 |
Note 14 - Segment Information
Note 14 - Segment Information | 12 Months Ended |
Dec. 31, 2016 | |
Notes to Financial Statements | |
Segment Reporting Disclosure [Text Block] | 14. SEGMENT INFORMATION The Company follows “Disclosures about Segments of an Enterprise and Related Information,” which establishes standards for companies to report information about operating segments, geographic areas and major customers. The accounting policies of each segment are the same as those described in the summary of significant accounting policies ( see Note 1 10 December 31, 2016.) Segment operating income includes selling, general and administrative expenses directly attributable to that segment as well as charges for allocating corporate costs to each of the operating segments. The following tables reflect the results of the segments consistent with the Company’s management system: Fiscal Year Ended December 31, 2016 Engineering Information Technology Specialty Health Care Corporate Total Revenue $ 73,853 $ 42,812 $ 59,783 $ - $ 176,448 Cost of services 54,182 31,145 44,091 - 129,418 Gross profit 19,671 11,667 15,692 - 47,030 Selling, general and administrative 15,168 10,948 13,947 - 40,063 Legal settlement and office closure - - - 1,283 1,283 Depreciation and amortization 1,120 192 257 - 1,569 Operating income (loss) $ 3,383 $ 527 $ 1,488 $ (1,283 ) $ 4,115 Total assets $ 35,535 $ 11,705 $ 18,565 $ 4,026 $ 69,831 Capital expenditures $ 620 $ 52 $ 149 $ 25 $ 846 Fiscal Year Ended January 2, 2016 Engineering Information Technology Specialty Health Care Corporate Total Revenue $ 80,713 $ 58,885 $ 46,138 $ - $ 185,736 Cost of services 60,472 40,787 32,592 - 133,851 Gross profit 20,241 18,098 13,546 - 51,885 Selling, general and administrative 15,829 14,854 11,884 - 42,567 Depreciation and amortization 1,044 240 183 - 1,467 Operating income $ 3,368 $ 3,004 $ 1,479 $ - $ 7,851 Total assets $ 41,689 $ 14,011 $ 18,520 $ 7,116 $ 81,336 Capital expenditures $ 1,238 $ 18 $ 73 $ 1,461 $ 2,790 The Company derives a majority of its revenue from offices in the United States. Revenues reported for each operating segment are all from external customers. The Company is domiciled in the United States and its segments operate in the United States, Canada and Puerto Rico. Revenues by geographic area for the fiscal years ended December 31, 2016 January 2, 2016 Fiscal Year Ended December 31, January 2, 2016 2016 Revenues United States $ 146,950 $ 150,024 Canada 24,423 29,519 Puerto Rico 5,075 6,193 $ 176,448 $ 185,736 Total assets by geographic area as of the reported periods are as follows: Fiscal Year Ended December 31, January 2, 2016 2016 Total Assets United States $ 53,842 $ 63,886 Canada 13,953 15,640 Puerto Rico 2,036 1,810 $ 69,831 $ 81,336 |
Note 15 - Income Taxes
Note 15 - Income Taxes | 12 Months Ended |
Dec. 31, 2016 | |
Notes to Financial Statements | |
Income Tax Disclosure [Text Block] | 15. The components of income tax expense (benefit) are as follows: Fiscal Years Ended December 31, 2016 January 2, 2016 Current Federal $ 688 $ (570 ) State and local 402 320 Foreign (3 ) 81 1,087 (169 ) Deferred Federal 372 944 State 108 274 Foreign (23 ) 90 457 1,308 Total $ 1,544 $ 1,139 The components of earnings before income taxes by United States and foreign jurisdictions were as follows: Fiscal Years Ended December 31, 2016 January 2, 2016 United States $ 3,430 $ 6,642 Foreign Jurisdictions (128 ) 512 $ 3,302 $ 7,154 The consolidated effective income tax rate for the current year was 46.8% 15.9% 30.0%, 2016 1) 2) 2015 zero) December 31, 2016 January 2, 2016 Tax at statutory rate 34.0 % 34.0 % State and Puerto Rico income taxes, net of Federal income tax benefit 8.0 5.4 Permanent differences 5.7 2.2 Foreign income tax rate 0.5 - Tax loss on sale of business unit - (26.9 ) Other, net (1.4 ) 1.2 Total income tax expense 46.8 % 15.9 % A reconciliation of the unrecognized tax benefits for the year December 31, 2016: Unrecognized Tax Benefits Balance as of January 2, 2016 $ 628 Charges for current year tax positions - Reserves for current year tax position - Balance as of December 31, 2016 $ 628 The total amount of unrecognized tax benefits relating to the Company’s tax positions is subject to change based on future events including, but not limited to, the settlements of ongoing audits and/or the expiration of applicable statutes of limitations. Although the outcomes and timing of such events are highly uncertain, it is reasonably possible that the balance of gross unrecognized tax benefits will not change during the next 12 The Company accounts for penalties or interest related to uncertain tax positions as part of its provision for income taxes and records such amounts to interest expense. The Company recorded no December 31, 2016 January 2, 2016. At December 31, 2016 January 2, 2016, December 31, 2016 January 2, 2016 Deferred tax assets: Allowance for doubtful accounts $ 451 $ 501 Acquisition amortization, net - 352 Reserves and accruals 394 393 Other 323 128 Total deferred tax assets 1,168 1,374 Deferred tax liabilities: Acquisition amortization, net (100 ) - Prepaid expense deferral (750 ) (491 ) Bonus depreciation to be reversed (466 ) (550 ) Canada deferred tax liability, net (234 ) (250 ) Total deferred tax liabilities (1,550 ) (1,291 ) Total deferred tax (liability) asset, net $ (382 ) $ 83 The Company conducts its operations in multiple tax jurisdictions in the United States, Canada and Puerto Rico. The Company and its subsidiaries file a consolidated U.S. Federal income tax return and file in various states. The Company’s federal income tax returns have been examined through 2010. 2011 2012. 2009 2012. 2010. 2012. 2006. |
Note 16 - Contingencies
Note 16 - Contingencies | 12 Months Ended |
Dec. 31, 2016 | |
Notes to Financial Statements | |
Contingencies Disclosure [Text Block] | 16. CONTINGENCIES From time to time, the Company is a defendant or plaintiff in various legal actions that arise in the normal course of business. As such, the Company is required to assess the likelihood of any adverse outcomes to these matters as well as potential ranges of losses and possible recoveries. The Company may may $1.5 $1.9 December 31, 2016 January 2, 2016, . As of December 31, 2016, $0.5 The Company is also subject to other pending legal proceedings and claims that arise from time to time in the ordinary course of its business, which may |
Note 17 - Retirement Plans
Note 17 - Retirement Plans | 12 Months Ended |
Dec. 31, 2016 | |
Notes to Financial Statements | |
Pension and Other Postretirement Benefits Disclosure [Text Block] | 1 7 . RETIREMENT PLANS Profit Sharing Plan s The Company maintains a 401(k) 401(k) 401(k) 401(k) may December 31, 2016 January 2, 2016 $588 $587, |
Note 18 - Commitments
Note 18 - Commitments | 12 Months Ended |
Dec. 31, 2016 | |
Notes to Financial Statements | |
Commitments and Contingencies Disclosure [Text Block] | 1 8 . COMMITMENTS Executive Severance Agreements with Rocco Campanelli and Kevin Miller The Company is a party to Executive Severance Agreements (the “Executive Severance Agreements”) as of February 28, 2014, twelve three Operating Leases The Company leases office facilities and various equipment under non-cancelable leases expiring at various dates through March 2022. Fiscal Years Amount 2017 $ 2,988 2018 2,366 2019 1,006 2020 525 2021 154 Thereafter 24 Total $ 7,063 Rent expense for the fiscal years ended December 31, 2016 January 2, 2016 $3,186 $2,952, The Company, from time to time, subleases space to other tenants December 31, 2016, no January 2, 2016, $165 |
Note 19 - Related Party Transac
Note 19 - Related Party Transactions | 12 Months Ended |
Dec. 31, 2016 | |
Notes to Financial Statements | |
Related Party Transactions Disclosure [Text Block] | 19 . RELATED PARTY TRANSACTIONS Richard Machon, a director of the Company, from time to time provides consulting services to the Company or for clients of the Company through Mr. Machon’s company, Machon & Associates. The Company paid Machon and Associates $65 2016 $0 2015. |
Schedule II - Valuation and Qua
Schedule II - Valuation and Qualifying Accounts and Reserves | 12 Months Ended |
Dec. 31, 2016 | |
Notes to Financial Statements | |
Schedule of Valuation and Qualifying Accounts Disclosure [Text Block] | SCHEDULE II RCM TECHNOLOGIES, INC. AND SUBSIDIARIES VALUATION AND QUALIFYING ACCOUNTS AND RESERVES Fiscal Years Ended December 31, 2016 and January 2, 2016 (Dollars in thousands, except share and per share amounts, unless otherwise indicated) Column A Column B Column C Column D Column E Description Balance at Beginning of Period Charged to Costs and Expenses Deduction Balance at End of Period Fiscal Year Ended December 31, 2016 Allowance for doubtful accounts on trade receivables $ 1,432 650 (680 ) $ 1,402 Provision for contingencies for legal matters $ 214 455 (214 ) $ 455 Fiscal Year Ended January 2, 2016 Allowance for doubtful accounts on trade receivables $ 1,011 629 (208 ) $ 1,432 Provision for contingencies for legal matters $ 0 214 0 $ 214 |
Significant Accounting Policies
Significant Accounting Policies (Policies) | 12 Months Ended |
Dec. 31, 2016 | |
Accounting Policies [Abstract] | |
Basis of Accounting, Policy [Policy Text Block] | Description of Business and Basis of Presentation RCM Technologies, Inc. (the “Company” or “RCM”) is a premier provider of business and technology solutions designed to enhance and maximize the operational performance of its customers through the adaptation and deployment of advanced engineering and information technology services. Additionally, the Company provides specialty health care staffing services through its Specialty Health Care Services group. RCM’s offices are primarily located in major metropolitan centers throughout North America. The consolidated financial statements are comprised of the accounts of the Company and its wholly owned subsidiaries. All significant intercompany accounts and transactions have been eliminated in consolidation. |
Cash and Cash Equivalents, Policy [Policy Text Block] | Cash and Cash Equivalents The Company considers its holdings of highly liquid money-market instruments and certificates of deposits to be cash equivalents if the securities mature within 90 may $0.1 December 31, 2016 January 2, 2016, |
Fair Value of Financial Instruments, Policy [Policy Text Block] | Fair Value of Financial Instruments The Company’s carrying value of financial instruments, consisting primarily of accounts receivable, transit accounts receivable, accounts payable, transit accounts payable and accrued expenses, and borrowings under line of credit approximates fair value due to their liquidity or their short-term nature. The Company does not have derivative products in place to manage risks related to foreign currency fluctuations for its foreign operations or for interest rate changes. |
Receivables, Policy [Policy Text Block] | Accounts Receivable and Allowance for Doubtful Accounts The Company’s accounts receivable are primarily due from trade customers. Credit is extended based on evaluation of customers’ financial condition and, generally, collateral is not required. Accounts receivable payment terms vary and are stated in the financial statements at amounts due from customers net of an allowance for doubtful accounts. Accounts outstanding longer than the payment terms are considered past due. The Company determines its allowance by considering a number of factors, including the length of time trade accounts receivable are past due, the Company’s previous loss history, the customer’s current ability to pay its obligation to the Company, and the condition of the general economy and the industry as a whole. The Company writes off accounts receivable when they become uncollectible, and payments subsequently received on such receivables previously written off are credited to bad debt expense. |
Accrued and Unbilled Accounts Receivable and Work in Process [Policy Text Block] | Accrued and Unbilled Accounts Receivable and Work-in-Process Unbilled receivables primarily represent revenues earned whereby those services are ready to be billed as of the balance sheet ending date. Work-in-process primarily represents revenues earned under contracts which the Company is contractually precluded from invoicing until future dates as project milestones are realized. See Note 4 |
Transit Receivable and Transit Payable [Policy Text Block] | Transit Receivables and Transit Payables From time to time, the Company’s Engineering segment enters into agreements to provide, among other things, construction management and engineering services. In certain circumstances, the Company may may Under the terms of the agreements, the Company is typically not required to pay the subcontractor until after the corresponding payment from the Company’s end-client is received. Upon invoicing the end-client on behalf of the subcontractor or staffing agency the Company records this amount simultaneously as both a “transit account receivable” and “transit account payable” as the amount when paid to the Company is due to and generally paid to the subcontractor within a few days. The Company typically does not pay a given transit account payable until the related transit account receivable is collected. The Company’s transit accounts payable generally exceeds the Company’s transit accounts receivable but absolute amounts and spreads fluctuate significantly from quarter to quarter in the normal course of business. |
Property, Plant and Equipment, Policy [Policy Text Block] | Property and Equipment Property and equipment are stated at cost net of accumulated depreciation and amortization and are depreciated or amortized on the straight-line method at rates calculated to provide for retirement of assets at the end of their estimated useful lives. Most hardware and software as well as furniture and office equipment is depreciated or amortized over five |
Goodwill and Intangible Assets, Policy [Policy Text Block] | Intangible Assets The Company’s intangible assets have been generated through acquisitions. The Company maintains responsibility for valuing and determining the useful life of intangible assets and typically engages a third four six may third |
Canadian Sales Tax [Policy Text Block] | Canadian Sales Tax The Company is required to charge and collect sales tax for all Canadian clients and remits invoiced sales tax monthly to the Canadian taxing authorities whether collected or not. The Company does not collect the sales tax from its clients until they have paid their respective invoices. The Company includes uncollected Canadian sales tax invoiced to clients in its prepaid and other current assets. |
Goodwill and Intangible Assets, Goodwill, Policy [Policy Text Block] | Goodwill Goodwill represents the premium paid over the fair value of the net 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 in order to determine if any impairment in value has occurred. The Company has the option to first two November may a relatively few shareholders, the Company may December 31, 2016 January 2, 2016. two |
Impairment or Disposal of Long-Lived Assets, Including Intangible Assets, Policy [Policy Text Block] | Long-Lived and Intangible Assets The Company evaluates long-lived assets and intangible assets with definite lives for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may |
Research, Development, and Computer Software, Policy [Policy Text Block] | Software In accordance with “Accounting for Costs of Computer Software Developed or Obtained for Internal Use,” certain costs related to the development or purchase of internal-use software are capitalized and amortized over the estimated useful life of the software. During the fiscal years ended December 31, 2016 January 2, 2016, $434 $2,249, December 31, 2016 January 2, 2016 $2,018 $2,386, |
Income Tax, Policy [Policy Text Block] | Income Taxes The Company makes judgments and interpretations based on enacted tax laws, published tax guidance, as well as estimates of future earnings. These judgments and interpretations affect the provision for income taxes, deferred tax assets and liabilities and the valuation allowance. The Company evaluated the deferred tax assets and determined on the basis of objective factors that the net assets will be realized through future years’ taxable income. In the event that actual results differ from these estimates and assessments, additional valuation allowances may December 31, 2016 January 2, 2016. The Company accounts for income taxes in accordance with “Accounting for Income Taxes” which requires an asset and liability approach of accounting for income taxes. “Accounting for Income Taxes” requires assessment of the likelihood of realizing benefits associated with deferred tax assets for purposes of determining whether a valuation allowance is needed for such deferred tax assets. The Company and its wholly owned U.S. subsidiaries file a consolidated federal income tax return. The Company also files tax returns in Canada and Ireland. The Company also follows the provisions of “Accounting for Uncertainty in Income Taxes” which prescribes a model for the recognition and measurement of a tax position taken or expected to be taken in a tax return, and provides guidance on derecognition, classification, interest and penalties, disclosure and transition. The Company’s policy is to record interest and penalty, if any, as interest expense. |
Revenue Recognition, Policy [Policy Text Block] | Revenue Recognition The Company derives its revenues from several sources. The Company’s Engineering Services and Information Technology Services segments perform consulting and project solutions services. All of the Company’s segments perform staff augmentation services and derive revenue from permanent placement fees. The majority of the Company’s revenues are invoiced on a time and materials basis. Project Services The Company recognizes revenues in accordance with current revenue recognition standards under Accounting Standards Codification (“ASC”) 605, may 12 See description of revenue recognition policy for construction management and engineering services below in “transit receivables and transit payables.” Consulting and Staffing Services Revenues derived from consulting and staffing services are recorded on a gross basis as services are performed and associated costs have been incurred using employees of the Company. These services are typically billed on a time and material basis. In certain cases, the Company may Transit Receivables and Transit Payables From time to time, the Company’s Engineering segment enters into agreements to provide, among other things, construction management and engineering services. In certain circumstances, the Company may may During the fifty two December 31, 2016, $49.7 $27.3 fifty two January 2, 2016, $65.9 $34.5 15.5% fifty two December 31, 2016 18.6% Under the terms of the agreements, the Company is typically not required to pay the subcontractor until after the corresponding payment from the Company’s end-client is received. Upon invoicing the end-client on behalf of the subcontractor or staffing agency the Company records this amount simultaneously as both a “transit account receivable” and “transit account payable” as the amount when paid to the Company is due to and generally paid to the subcontractor within a few days. The Company typically does not pay a given transit account payable until the related transit account receivable is collected. The Company’s transit accounts payable generally exceeds the Company’s transit accounts receivable but absolute amounts and spreads fluctuate significantly from quarter to quarter in the normal course of business. The transit accounts receivable was $4.3 $6.8 $2.5 December 31, 2016. $7.5 $9.0 $1.5 January 2, 2016. Permanent Placement Services The Company earns permanent placement fees from providing permanent placement services. Fees for placements are recognized at the time the candidate commences employment. The Company guarantees its permanent placements on a prorated basis for 90 90 Permanent placement revenues were $3.6 $3.4 December 31, 2016 January 2, 2016, |
Concentration Risk, Credit Risk, Policy [Policy Text Block] | Concentration During the fiscal year ended December 31, 2016, 10.0% December 31, 2016 10.0% 17.6%. December 31, 2016, $0.5 $8.4 17.0% 10% five, ten twenty 31.8%, 47.7% 60.8%, December 31, 2016. During the fiscal year ended January 2, 2016, 10.0% January 2, 2016 10.0% 1) 17.4% 2) 16.5% 3) 10.3%. January 2, 2016, $1.0 $9.8 16.8% January 2, 2016, $1.1 $9.5 15.5% 10% five, ten twenty 33.7%, 48.3% 60.5%, January 2, 2016. |
Foreign Currency Transactions and Translations Policy [Policy Text Block] | Foreign Currency Translation The functional currency of the Company’s Canadian subsidiary is the local currency. Assets and liabilities are translated at period-end exchange rates. Income and expense items are translated at weighted average rates of exchange prevailing during the year. Any translation adjustments are included in the accumulated other comprehensive income account in stockholders’ equity. Transactions executed in different currencies resulting in exchange adjustments are translated at spot rates and resulting foreign exchange transaction gains and losses are included in the results of operations. |
Comprehensive Income, Policy [Policy Text Block] | Comprehensive Income Comprehensive income consists of net income and foreign currency translation adjustments. |
Earnings Per Share, Policy [Policy Text Block] | Per Share Data Basic net income per share is calculated using the weighted-average number of common shares outstanding during the period. Diluted net income per share is calculated using the weighted-average number of common shares plus dilutive potential common shares outstanding during the period. Potential dilutive common shares consist of stock options and other stock-based awards under the Company’s stock compensation plans, when their impact is dilutive. Because of the Company’s capital structure, all reported earnings pertain to common shareholders and no other adjustments are necessary. |
Share-based Compensation, Option and Incentive Plans Policy [Policy Text Block] | Share - Based Compensation The Company recognizes share-based compensation over the vesting period of an award based on fair value at the grant date determined using the Black-Scholes option pricing model. Certain assumptions are used to determine the fair value of stock-based payment awards on the date of grant and require subjective judgment. Because employee stock options have characteristics significantly different from those of traded options, and because changes in the input assumptions can materially affect the fair value estimate, the existing models may may may 11 Restricted share units are recognized at their fair value. The amount of compensation cost is measured on the grant date fair value of the equity instrument issued. The compensation cost of the restricted share units is recognized over the vesting period of the restricted share units on a straight-line basis. Restricted share units typically include dividend accrual equivalents, which means that any dividends paid by the Company during the vesting period become due and payable after the vesting period assuming the grantee’s restricted stock unit fully vests. Dividends for these grants are accrued on the dividend payment dates and included in accounts payable and accrued expenses on the accompanying consolidated balance sheet. Dividends for restricted share units that ultimately do not vest are forfeited. |
Advertising Costs, Policy [Policy Text Block] | Advertising Costs Advertising costs are expensed as incurred. Total advertising expense was $643 $635 December 31, 2016 January 2, 2016, |
Fiscal Period, Policy [Policy Text Block] | The Company follows a 52/53 December 31. December 31, 2016 2016) January 2, 2016 2015) 52 |
Note 4 - Accounts Receivable (T
Note 4 - Accounts Receivable (Tables) | 12 Months Ended |
Dec. 31, 2016 | |
Notes Tables | |
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block] | December 31, 2016 January 2, 2016 Billed $ 34,463 $ 40,117 Accrued and unbilled 6,894 4,939 Work-in-progress 5,215 7,322 Allowance for sales discounts and doubtful accounts (1,402 ) (1,432 ) Accounts receivable, net $ 45,170 $ 50,946 |
Note 5 - Property and Equipme30
Note 5 - Property and Equipment (Tables) | 12 Months Ended |
Dec. 31, 2016 | |
Notes Tables | |
Property, Plant and Equipment [Table Text Block] | December 31, 2016 January 2, 2016 Equipment and furniture $ 1,045 $ 2,358 Computers and systems 5,521 6,119 Leasehold improvements 804 752 7,370 9,229 Less: accumulated depreciation and amortization 3,318 4,531 Property and equipment, net $ 4,052 $ 4,698 |
Note 6 - Acquisitions (Tables)
Note 6 - Acquisitions (Tables) | 12 Months Ended |
Dec. 31, 2016 | |
Notes Tables | |
Schedule of Business Acquisitions by Acquisition, Contingent Consideration [Table Text Block] | Fiscal Year Total December 30, 2017 $ 1,061 December 30, 2018 170 Estimated future contingent consideration payments $ 1,231 |
Note 7 - Goodwill (Tables)
Note 7 - Goodwill (Tables) | 12 Months Ended |
Dec. 31, 2016 | |
Notes Tables | |
Schedule of Goodwill [Table Text Block] | Engineering Information Technology Specialty Health Care Total Balance as of January 3, 2015 $ 3,004 $ 5,516 $ 1,703 $ 10,223 Goodwill recorded, SDS acquisition 1,407 - - 1,407 Balance as of January 2, 2016 $ 4,411 $ 5,516 $ 1,703 $ 11,630 Goodwill recorded, AHP acquisition - - 695 695 Balance as of December 31, 2016 $ 4,411 $ 5,516 $ 2,398 $ 12,325 |
Note 8 - Intangible Assets (Tab
Note 8 - Intangible Assets (Tables) | 12 Months Ended |
Dec. 31, 2016 | |
Notes Tables | |
Schedule of Finite-Lived Intangible Assets [Table Text Block] | Engineering Information Technology Total Balance as of January 3, 2015 $ 189 $ 5 $ 194 Intangibles acquired, SDS acquisition 140 - 140 Amortization of intangibles during the fifty-two week period ended January 2, 2016 (77 ) (5 ) (82 ) Balance as of January 2, 2016 $ 252 $ - $ 252 Amortization of intangibles during the fifty-two week period ended December 31, 2016 (81 ) - (81 ) Balance as of December 31, 2016 $ 171 $ - $ 171 |
Schedule of Acquired Finite-Lived Intangible Assets by Major Class [Table Text Block] | December 31, 2016 January 2, 2016 Restricted covenants $ 27 $ 53 Customer relationships 144 199 Total intangible assets $ 171 $ 252 |
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block] | Fiscal Year Total 2017 $ 66 2018 50 2019 25 2020 17 2021 13 Total $ 171 |
Note 10 - Per Share Data (Table
Note 10 - Per Share Data (Tables) | 12 Months Ended |
Dec. 31, 2016 | |
Notes Tables | |
Schedule of Weighted Average Number of Shares [Table Text Block] | Fiscal Years Ended December 31, 2016 January 2, 2016 Basic weighted average shares outstanding 12,302,558 12,658,466 Dilutive effect of outstanding restricted share units and stock options 120,790 242,484 Weighted average dilutive shares outstanding 12,423,348 12,900,950 |
Unissued Shares of Common Stock [Table Text Block] | December 31, 2016 January 2, 2016 Exercise of options outstanding 42,000 44,500 Time-based restricted share units outstanding 197,734 208,834 Performance-based restricted share units outstanding 200,000 0 Future grants of options or shares 619,266 382,000 Shares reserved for employee stock purchase plan 268,211 349,436 Total 1,327,211 984,770 |
Note 11 - Share Based Compens35
Note 11 - Share Based Compensation (Tables) | 12 Months Ended |
Dec. 31, 2016 | |
Notes Tables | |
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block] | All Stock Options Outstanding Shares Weighted Average Exercise Price Options outstanding as of January 3, 2015 53,000 $ 7.65 Options granted - Options exercised, net (3,500 ) $ 4.30 Options forfeited/cancelled (5,000 ) $ 5.78 Options outstanding as of January 2, 2016 44,500 $ 8.12 Options exercisable as of January 2, 2016 29,500 $ 9.15 Intrinsic value of outstanding stock options as of January 2, 2016 $ 0 Intrinsic value of stock options exercised in fiscal year ended January 2, 2016 $ 8 Weighted average grant date fair value of stock options issued during fiscal year ended January 2, 2016 N/A Options outstanding as of January 2, 2016 44,500 $ 8.12 Options granted - Options exercised, net (2,500 ) $ 5.62 Options forfeited/cancelled - Options outstanding as of December 31, 2016 42,000 $ 8.27 Options exercisable as of December 31, 2016 27,000 $ 9.47 Intrinsic value of outstanding stock options as of December 31, 2016 $ 6 Intrinsic value of stock options exercised in fiscal year ended December 31, 2016 $ 3 Weighted average grant date fair value of stock options issued during fiscal year ended December 31, 2016 N/A |
Schedule of Nonvested Share Activity [Table Text Block] | Nonvested Stock Options Shares Weighted-Average Grant-Date Fair Value Nonvested at January 2, 2016 15,000 $ 2.33 Vested - Forfeited - Issued nonvested - Nonvested at December 31, 2016 15,000 $ 2.33 |
Schedule of Share-based Compensation, Shares Authorized under Stock Option Plans, by Exercise Price Range [Table Text Block] | Range of Exercise Prices Number of Outstanding Options Weighted-Average Remaining Contractual Life Weighted-Average Exercise Price Outstanding Vested Outstanding Vested Outstanding Vested $5.27 - $6.10 17,000 2,000 6.62 1.02 $ 6.00 $ 5.27 $9.81 25,000 25,000 0.55 0.55 $ 9.81 $ 9.81 42,000 27,000 |
Schedule of Unrecognized Compensation Cost, Nonvested Awards [Table Text Block] | Fiscal Year Time- Based Performance- Based Total 2017 $ 578 $ - $ 578 |
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block] | Fiscal Years Ended December 31, 2016 January 2, 2016 Weighted average risk-free interest rate 1.35 % 1.74 % Expected term of option (years) 5 5 Expected stock price volatility 33 % 35 % Expected dividend yield 0.00 % 0.00 % Annual forfeiture rate 3.11 % 3.23 % Weighted-average grant date fair value $ 5.51 $ 5.00 |
Schedule of Nonvested Restricted Stock Units Activity [Table Text Block] | Number of Restricted Stock Units (in thousands) Weighted Average Grant Date Fair Value per Share Outstanding non-vested at January 3, 2015 500 $ 6.61 Granted 48 $ 5.00 Vested (334 ) $ 6.05 Forfeited or expired (5 ) $ 7.95 Outstanding non-vested at January 2, 2016 209 $ 7.10 Granted – time-based vesting 63 $ 5.98 Granted – performance-based vesting 200 $ 5.36 Vested (74 ) $ 5.56 Forfeited or expired - - Outstanding non-vested at December 31, 2016 398 $ 6.34 |
Note 14 - Segment Information (
Note 14 - Segment Information (Tables) | 12 Months Ended |
Dec. 31, 2016 | |
Notes Tables | |
Schedule of Segment Reporting Information, by Segment [Table Text Block] | Fiscal Year Ended December 31, 2016 Engineering Information Technology Specialty Health Care Corporate Total Revenue $ 73,853 $ 42,812 $ 59,783 $ - $ 176,448 Cost of services 54,182 31,145 44,091 - 129,418 Gross profit 19,671 11,667 15,692 - 47,030 Selling, general and administrative 15,168 10,948 13,947 - 40,063 Legal settlement and office closure - - - 1,283 1,283 Depreciation and amortization 1,120 192 257 - 1,569 Operating income (loss) $ 3,383 $ 527 $ 1,488 $ (1,283 ) $ 4,115 Total assets $ 35,535 $ 11,705 $ 18,565 $ 4,026 $ 69,831 Capital expenditures $ 620 $ 52 $ 149 $ 25 $ 846 Fiscal Year Ended January 2, 2016 Engineering Information Technology Specialty Health Care Corporate Total Revenue $ 80,713 $ 58,885 $ 46,138 $ - $ 185,736 Cost of services 60,472 40,787 32,592 - 133,851 Gross profit 20,241 18,098 13,546 - 51,885 Selling, general and administrative 15,829 14,854 11,884 - 42,567 Depreciation and amortization 1,044 240 183 - 1,467 Operating income $ 3,368 $ 3,004 $ 1,479 $ - $ 7,851 Total assets $ 41,689 $ 14,011 $ 18,520 $ 7,116 $ 81,336 Capital expenditures $ 1,238 $ 18 $ 73 $ 1,461 $ 2,790 |
Schedule of Revenue from External Customers Attributed to Foreign Countries by Geographic Area [Table Text Block] | Fiscal Year Ended December 31, January 2, 2016 2016 Revenues United States $ 146,950 $ 150,024 Canada 24,423 29,519 Puerto Rico 5,075 6,193 $ 176,448 $ 185,736 |
Schedule of Disclosure on Geographic Areas, Long-Lived Assets in Individual Foreign Countries by Country [Table Text Block] | Fiscal Year Ended December 31, January 2, 2016 2016 Total Assets United States $ 53,842 $ 63,886 Canada 13,953 15,640 Puerto Rico 2,036 1,810 $ 69,831 $ 81,336 |
Note 15 - Income Taxes (Tables)
Note 15 - Income Taxes (Tables) | 12 Months Ended |
Dec. 31, 2016 | |
Notes Tables | |
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block] | Fiscal Years Ended December 31, 2016 January 2, 2016 Current Federal $ 688 $ (570 ) State and local 402 320 Foreign (3 ) 81 1,087 (169 ) Deferred Federal 372 944 State 108 274 Foreign (23 ) 90 457 1,308 Total $ 1,544 $ 1,139 Fiscal Years Ended December 31, 2016 January 2, 2016 United States $ 3,430 $ 6,642 Foreign Jurisdictions (128 ) 512 $ 3,302 $ 7,154 |
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block] | December 31, 2016 January 2, 2016 Tax at statutory rate 34.0 % 34.0 % State and Puerto Rico income taxes, net of Federal income tax benefit 8.0 5.4 Permanent differences 5.7 2.2 Foreign income tax rate 0.5 - Tax loss on sale of business unit - (26.9 ) Other, net (1.4 ) 1.2 Total income tax expense 46.8 % 15.9 % |
Schedule of Unrecognized Tax Benefits Roll Forward [Table Text Block] | Unrecognized Tax Benefits Balance as of January 2, 2016 $ 628 Charges for current year tax positions - Reserves for current year tax position - Balance as of December 31, 2016 $ 628 |
Schedule of Deferred Tax Assets and Liabilities [Table Text Block] | December 31, 2016 January 2, 2016 Deferred tax assets: Allowance for doubtful accounts $ 451 $ 501 Acquisition amortization, net - 352 Reserves and accruals 394 393 Other 323 128 Total deferred tax assets 1,168 1,374 Deferred tax liabilities: Acquisition amortization, net (100 ) - Prepaid expense deferral (750 ) (491 ) Bonus depreciation to be reversed (466 ) (550 ) Canada deferred tax liability, net (234 ) (250 ) Total deferred tax liabilities (1,550 ) (1,291 ) Total deferred tax (liability) asset, net $ (382 ) $ 83 |
Note 18 - Commitments (Tables)
Note 18 - Commitments (Tables) | 12 Months Ended |
Dec. 31, 2016 | |
Notes Tables | |
Schedule of Future Minimum Rental Payments for Operating Leases [Table Text Block] | Fiscal Years Amount 2017 $ 2,988 2018 2,366 2019 1,006 2020 525 2021 154 Thereafter 24 Total $ 7,063 |
Schedule II - Valuation and Q39
Schedule II - Valuation and Qualifying Accounts and Reserves (Tables) | 12 Months Ended |
Dec. 31, 2016 | |
Notes Tables | |
Summary of Valuation Allowance [Table Text Block] | Column A Column B Column C Column D Column E Description Balance at Beginning of Period Charged to Costs and Expenses Deduction Balance at End of Period Fiscal Year Ended December 31, 2016 Allowance for doubtful accounts on trade receivables $ 1,432 650 (680 ) $ 1,402 Provision for contingencies for legal matters $ 214 455 (214 ) $ 455 Fiscal Year Ended January 2, 2016 Allowance for doubtful accounts on trade receivables $ 1,011 629 (208 ) $ 1,432 Provision for contingencies for legal matters $ 0 214 0 $ 214 |
Note 1 - Summary of Significa40
Note 1 - Summary of Significant Accounting Policies (Details Textual) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2016 | Jan. 02, 2016 | Jan. 03, 2015 | |
Cash and Cash Equivalents, at Carrying Value | $ 279 | $ 985 | $ 6,411 |
Capitalized Computer Software, Additions | 434 | 2,249 | |
Capitalized Computer Software, Net | 2,018 | 2,386 | |
Gross Billings | 49,700 | 65,900 | |
Construction Revenue | 27,300 | 34,500 | |
Liabitilities, Net | 2,500 | 1,500 | |
Sales Revenue, Services, Other | 3,600 | 3,400 | |
Advertising Expense | 643 | 635 | |
Goodwill, Impairment Loss | 0 | 0 | |
Deferred Tax Assets, Valuation Allowance | 0 | 0 | |
New York Power Authority [Member] | |||
Accounts Receivable, Gross, Current | 8,400 | 9,800 | |
Ontario Power Group [Member] | |||
Accounts Receivable, Gross, Current | 9,500 | ||
Transit Accounts Payable [Member] | |||
Accounts Payable, Current | 6,800 | 9,000 | |
Transit Accounts Receivable [Member] | |||
Accounts Receivable, Gross, Current | 4,300 | 7,500 | |
Transit Accounts Receivable [Member] | New York Power Authority [Member] | |||
Accounts Receivable, Gross, Current | $ 500 | 1,000 | |
Transit Accounts Receivable [Member] | Ontario Power Group [Member] | |||
Accounts Receivable, Gross, Current | $ 1,100 | ||
Accounts Receivable [Member] | Customer Concentration Risk [Member] | New York Power Authority [Member] | |||
Concentration Risk, Percentage | 17.60% | 17.40% | |
Accounts Receivable [Member] | Customer Concentration Risk [Member] | Ontario Power Group [Member] | |||
Concentration Risk, Percentage | 16.50% | ||
Accounts Receivable [Member] | Customer Concentration Risk [Member] | New York City Board of Education [Member] | |||
Concentration Risk, Percentage | 10.30% | ||
Total Accounts Receivable and Transit Accounts Receivable [Member] | Customer Concentration Risk [Member] | New York Power Authority [Member] | |||
Concentration Risk, Percentage | 17.00% | 16.80% | |
Total Accounts Receivable and Transit Accounts Receivable [Member] | Customer Concentration Risk [Member] | Ontario Power Group [Member] | |||
Concentration Risk, Percentage | 15.50% | ||
Sales Revenue, Net [Member] | Customer Concentration Risk [Member] | Five Largest Customers [Member] | |||
Concentration Risk, Percentage | 31.80% | 33.70% | |
Sales Revenue, Net [Member] | Customer Concentration Risk [Member] | Ten Largest Customers [Member] | |||
Concentration Risk, Percentage | 47.70% | 48.30% | |
Sales Revenue, Net [Member] | Customer Concentration Risk [Member] | Twenty Largest Customers [Member] | |||
Concentration Risk, Percentage | 60.80% | 60.50% | |
Engineering [Member] | Total Revenue From Agreements [Member] | |||
Concentration Risk, Percentage | 15.50% | 18.60% | |
Restricted Covenants [Member] | |||
Finite-Lived Intangible Asset, Useful Life | 4 years | ||
Customer Relationships [Member] | |||
Finite-Lived Intangible Asset, Useful Life | 6 years | ||
Furniture and Fixtures [Member] | |||
Property, Plant and Equipment, Useful Life | 5 years | ||
CANADA | |||
Cash and Cash Equivalents, at Carrying Value | $ 100 | $ 100 |
Note 4 - Accounts Receivable -
Note 4 - Accounts Receivable - Accounts Receivable (Details) - USD ($) $ in Thousands | Dec. 31, 2016 | Jan. 02, 2016 |
Allowance for sales discounts and doubtful accounts | $ (1,402) | $ (1,432) |
Accounts receivable, net | 45,170 | 50,946 |
Billed Revenues [Member] | ||
Accounts Receivable, Gross, Current | 34,463 | 40,117 |
Unbilled Revenues [Member] | ||
Accounts Receivable, Gross, Current | 6,894 | 4,939 |
Work In Progress [Member] | ||
Accounts Receivable, Gross, Current | $ 5,215 | $ 7,322 |
Note 5 - Property and Equipme42
Note 5 - Property and Equipment (Details Textual) - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2016 | Jan. 02, 2016 | |
Write Off of Fully Depreciated Property and Equipment | $ 2,705 | $ 3,489 |
Depreciation | $ 1,489 | $ 1,386 |
Note 5 - Property and Equipme43
Note 5 - Property and Equipment - Summary of Property and Equipment (Details) - USD ($) $ in Thousands | Dec. 31, 2016 | Jan. 02, 2016 |
Property and equipment | $ 7,370 | $ 9,229 |
Less: accumulated depreciation and amortization | 3,318 | 4,531 |
Property and equipment, net | 4,052 | 4,698 |
Equipment and Furniture [Member] | ||
Property and equipment | 1,045 | 2,358 |
Computers and Systems [Member] | ||
Property and equipment | 5,521 | 6,119 |
Leasehold Improvements [Member] | ||
Property and equipment | $ 804 | $ 752 |
Note 6 - Acquisitions (Details
Note 6 - Acquisitions (Details Textual) - USD ($) $ in Thousands | 1 Months Ended | 12 Months Ended | ||
Jan. 31, 2017 | Dec. 31, 2016 | Jan. 02, 2016 | Jan. 03, 2015 | |
Goodwill | $ 12,325 | $ 11,630 | $ 10,223 | |
Payments to Acquire Businesses, Gross | $ 800 | |||
BGA, LLC [Member] | ||||
Business Combination, Contingent Consideration Arrangements, Range of Outcomes, Value, High | 700 | |||
Point Comm, Inc. [Member] | ||||
Business Combination, Contingent Consideration Arrangements, Range of Outcomes, Value, High | 1,100 | |||
Substation Design Services, LLC [Member] | ||||
Business Combination, Contingent Consideration Arrangements, Range of Outcomes, Value, High | 1,500 | |||
Allied Health Professionals, LLC [Member] | ||||
Business Combination, Contingent Consideration Arrangements, Range of Outcomes, Value, High | 100 | |||
Goodwill | 695 | |||
Business Combination, Consideration Transferred | 695 | |||
Allied Health Professionals, LLC [Member] | Contingent Consideration Tied To Certain Gross Profit Targets Earned [Member] | ||||
Business Combination, Contingent Consideration Arrangements, Range of Outcomes, Value, High | 140 | |||
Allied Health Professionals, LLC [Member] | Unsecured Notes Payable [Member] | ||||
Business Combination, Consideration Transferred, Liabilities Incurred | $ 280 | |||
Allied Health Professionals, LLC [Member] | Subsequent Event [Member] | ||||
Payments to Acquire Businesses, Gross | $ 275 |
Note 6 - Acquisitions - Maximum
Note 6 - Acquisitions - Maximum Deferred Consideration Payments (Details) $ in Thousands | Dec. 31, 2016USD ($) |
December 30, 2017 | $ 1,061 |
December 30, 2018 | 170 |
Estimated future contingent consideration payments | $ 1,231 |
Note 7 - Goodwill - Changes in
Note 7 - Goodwill - Changes in Carrying Amount of Goodwill (Details) - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2016 | Jan. 02, 2016 | |
Balance | $ 11,630 | $ 10,223 |
Balance | 12,325 | 11,630 |
Substation Design Services, LLC [Member] | ||
Goodwill recorded, acquisition | 1,407 | |
Allied Health Professionals, LLC [Member] | ||
Goodwill recorded, acquisition | 695 | |
Balance | 695 | |
Engineering [Member] | ||
Balance | 4,411 | 3,004 |
Balance | 4,411 | 4,411 |
Engineering [Member] | Substation Design Services, LLC [Member] | ||
Goodwill recorded, acquisition | 1,407 | |
Engineering [Member] | Allied Health Professionals, LLC [Member] | ||
Goodwill recorded, acquisition | ||
Information Technology [Member] | ||
Balance | 5,516 | 5,516 |
Balance | 5,516 | 5,516 |
Information Technology [Member] | Substation Design Services, LLC [Member] | ||
Goodwill recorded, acquisition | ||
Information Technology [Member] | Allied Health Professionals, LLC [Member] | ||
Goodwill recorded, acquisition | ||
Specialty Health Care [Member] | ||
Balance | 1,703 | 1,703 |
Balance | 2,398 | 1,703 |
Specialty Health Care [Member] | Substation Design Services, LLC [Member] | ||
Goodwill recorded, acquisition | ||
Specialty Health Care [Member] | Allied Health Professionals, LLC [Member] | ||
Goodwill recorded, acquisition | $ 695 |
Note 8 - Intangible Assets (Det
Note 8 - Intangible Assets (Details Textual) - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2016 | Jan. 02, 2016 | |
Impairment of Intangible Assets, Finite-lived | $ 0 | $ 291 |
Impairment of Intangible Assets (Excluding Goodwill) | $ 0 | $ 0 |
Note 8 - Intangible Assets - Co
Note 8 - Intangible Assets - Components of Intangible Assets (Details) - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2016 | Jan. 02, 2016 | |
Balance | $ 252 | $ 194 |
Intangibles acquired, SDS acquisition | 140 | |
Amortization of intangibles during the fifty-two week period ended | (81) | (82) |
Balance | 171 | 252 |
Engineering [Member] | ||
Balance | 252 | 189 |
Intangibles acquired, SDS acquisition | 140 | |
Amortization of intangibles during the fifty-two week period ended | (81) | (77) |
Balance | 171 | 252 |
Information Technology [Member] | ||
Balance | 5 | |
Intangibles acquired, SDS acquisition | ||
Amortization of intangibles during the fifty-two week period ended | (5) | |
Balance |
Note 8 - Intangible Assets - In
Note 8 - Intangible Assets - Intangible Assets by Class (Details) - USD ($) $ in Thousands | Dec. 31, 2016 | Jan. 02, 2016 | Jan. 03, 2015 |
Intangible assets, net | $ 171 | $ 252 | $ 194 |
Restricted Covenants [Member] | |||
Intangible assets, net | 27 | 53 | |
Customer Relationships [Member] | |||
Intangible assets, net | $ 144 | $ 199 |
Note 8 - Intangible Assets - Ex
Note 8 - Intangible Assets - Expected Future Amortization Expense (Details) - USD ($) $ in Thousands | Dec. 31, 2016 | Jan. 02, 2016 | Jan. 03, 2015 |
2,017 | $ 66 | ||
2,018 | 50 | ||
2,019 | 25 | ||
2,020 | 17 | ||
2,021 | 13 | ||
Total | $ 171 | $ 252 | $ 194 |
Note 9 - Line of Credit (Detail
Note 9 - Line of Credit (Details Textual) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2016 | Jan. 02, 2016 | Feb. 20, 2009 | |
Long-term Line of Credit, Noncurrent | $ 14,311 | $ 21,000 | |
Letters of Credit Outstanding, Amount | $ 800 | 800 | |
Revolving Credit Facility [Member] | |||
Line of Credit Facility, Maximum Borrowing Capacity | $ 35,000 | ||
Debt Instrument, Interest Rate, Effective Percentage | 2.30% | ||
Long-term Line of Credit, Noncurrent | $ 14,300 | $ 21,000 | |
Line of Credit Facility, Remaining Borrowing Capacity | $ 19,900 | ||
Line of Credit Facility, Expiration Date | Dec. 11, 2019 | ||
Letter of Credit [Member] | |||
Line of Credit Facility, Maximum Borrowing Capacity | $ 5,000 |
Note 10 - Per Share Data (Detai
Note 10 - Per Share Data (Details Textual) - shares | 12 Months Ended | |
Dec. 31, 2016 | Jan. 02, 2016 | |
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount | 40,000 | 42,500 |
Note 10 - Per Share Data - Weig
Note 10 - Per Share Data - Weighted Average Number of Common Shares (Details) - shares | 12 Months Ended | |
Dec. 31, 2016 | Jan. 02, 2016 | |
Basic weighted average shares outstanding (in shares) | 12,302,558 | 12,658,466 |
Dilutive effect of outstanding restricted share units and stock options (in shares) | 120,790 | 242,484 |
Weighted average dilutive shares outstanding (in shares) | 12,423,348 | 12,900,950 |
Note 10 - Per Share Data - Unis
Note 10 - Per Share Data - Unissued Shares of Common Stock Were Reserved for the Following Purposes (Details) - shares | Dec. 31, 2016 | Jan. 02, 2016 | Jan. 03, 2015 |
Exercise of options outstanding (in shares) | 42,000 | 44,500 | 53,000 |
Future grants of options or shares (in shares) | 619,266 | 382,000 | |
Shares reserved for employee stock purchase plan (in shares) | 268,211 | 349,436 | |
Total (in shares) | 1,327,211 | 984,770 | |
Time-based Restricted Stock Units [Member] | |||
Restricted stock units outstanding (in shares) | 197,734 | 208,834 | |
Performance-based Restricted Stock Units [Member] | |||
Restricted stock units outstanding (in shares) | 200,000 | 0 |
Note 11 - Share Based Compens55
Note 11 - Share Based Compensation (Details Textual) - USD ($) $ / shares in Units, $ in Thousands | 12 Months Ended | ||
Dec. 31, 2016 | Jan. 02, 2016 | Jan. 03, 2015 | |
Share-based Compensation Arrangement by Share-based Payment Award, Expiration Period | 10 years | ||
Allocated Share-based Compensation Expense | $ 901 | $ 1,446 | |
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized | $ 600 | ||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number | 42,000 | 44,500 | 53,000 |
Common Stock, Capital Shares Reserved for Future Issuance | 1,327,211 | 984,770 | |
Common Stock [Member] | |||
Stock Issued During Period, Shares, Employee Stock Purchase Plans | 81,225 | 73,048 | |
Share Price | $ 6.36 | ||
The 2000 Plan [Member] | |||
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized | 1,500,000 | ||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number | 25,000 | ||
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant | 0 | ||
The 2007 Plan [Member] | |||
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized | 700,000 | ||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number | 17,000 | ||
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant | 0 | ||
The 2014 Plan [Member] | |||
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized | 1,125,000 | 625,000 | |
Share-based Compensation Arrangement by Share-based Payment Award, Number of Additional Shares Authorized | 500,000 | ||
The Amended 2014 Plan [Member] | |||
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant | 619,266 | ||
Employee Stock Purchase Plan [Member] | |||
Allocated Share-based Compensation Expense | $ 108 | $ 111 | |
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant | 268,211 | ||
Share-based Compensation Arrangement by Share-based Payment Award, Discount from Market Price, Offering Date | 85.00% | ||
Share-based Compensation Arrangement by Share-based Payment Award, Maximum Employee Subscription Rate | 10.00% | ||
Share-based Compensation Arrangement by Share-based Payment Award, Maximum Number of Shares Per Employee | 3,000 | ||
Additional Shares of Common Stock Reserved for Future Issuance | 300,000 | ||
Common Stock, Capital Shares Reserved for Future Issuance | 1,100,000 | ||
Stock Issued During Period, Shares, Employee Stock Purchase Plans | 81,225 | 73,048 | |
Proceeds from Issuance of Shares under Incentive and Share-based Compensation Plans, Including Stock Options | $ 368 | $ 373 | |
Performance-based Restricted Stock Units [Member] | |||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period | 200,000 | ||
Performance-based Restricted Stock Units [Member] | The 2014 Plan [Member] | |||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number | 200,000 | ||
Maximum Shares Issued Pursuant to Stock-Based Awards [Member] | The 2007 Plan [Member] | |||
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized | 350,000 | ||
Maximum Shares that May be Granted to any Individual [Member] | The 2007 Plan [Member] | |||
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized | 300,000 | ||
Time-based Restricted Stock Units [Member] | |||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period | 62,734 | ||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Aggregate Intrinsic Value, Nonvested | $ 1,300 | ||
Time-based Restricted Stock Units [Member] | Board of Directors [Member] | |||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period | 37,734 | ||
Time-based Restricted Stock Units [Member] | Executives [Member] | |||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period | 25,000 | ||
Time-based Restricted Stock Units [Member] | The 2014 Plan [Member] | |||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number | 197,734 | ||
Restricted Stock Units (RSUs) [Member] | |||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period | 262,734 | 48,000 | |
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number | 397,734 | 209,000 | 500,000 |
Dividends Payable | $ 400 | $ 500 | |
Restricted Stock Units (RSUs) [Member] | Board of Directors [Member] | |||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period | 48,000 | ||
Minimum [Member] | |||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period | 1 year | ||
Maximum [Member] | |||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period | 3 years |
Note 11 - Share Based Compens56
Note 11 - Share Based Compensation - Stock Option Activity (Details) - USD ($) $ / shares in Units, $ in Thousands | 12 Months Ended | |
Dec. 31, 2016 | Jan. 02, 2016 | |
Options outstanding, shares (in shares) | 44,500 | 53,000 |
Options outstanding, weighted average exercise price (in dollars per share) | $ 8.12 | $ 7.65 |
Options granted, shares (in shares) | ||
Options granted, weighted average exercise price (in dollars per share) | ||
Options exercised, net, shares (in shares) | (2,500) | (3,500) |
Options exercised, net, weighted average exercise price (in dollars per share) | $ 5.62 | $ 4.30 |
Options forfeited/cancelled, shares (in shares) | (5,000) | |
Options forfeited/cancelled, weighted average exercise price (in dollars per share) | $ 5.78 | |
Options outstanding, shares (in shares) | 42,000 | 44,500 |
Options outstanding, weighted average exercise price (in dollars per share) | $ 8.27 | $ 8.12 |
Options exercisable, net, shares (in shares) | 27,000 | 29,500 |
Options exercisable, net, weighted average exercise price (in dollars per share) | $ 9.47 | $ 9.15 |
Intrinsic value of outstanding stock options, shares | $ 6 | $ 0 |
Intrinsic value of stock options exercised in fiscal year ended, shares | $ 3 | $ 8 |
Note 11 - Share Based Compens57
Note 11 - Share Based Compensation - Nonvested Stock Options Outstanding (Details) | 12 Months Ended |
Dec. 31, 2016$ / sharesshares | |
Nonvested, shares (in shares) | shares | 15,000 |
Nonvested, weighted-average grant-date fair value (in dollars per share) | $ / shares | $ 2.33 |
Vested, shares (in shares) | shares | |
Vested, weighted average grant date fair value (in dollars per share) | $ / shares | |
Forfeited, shares (in shares) | shares | |
Forfeited, weighted-average grant-date fair value (in dollars per share) | $ / shares | |
Issued nonvested, shares (in shares) | shares | |
Issued nonvested, weighted-average grant-date fair value (in dollars per share) | $ / shares | |
Nonvested, shares (in shares) | shares | 15,000 |
Nonvested, weighted-average grant-date fair value (in dollars per share) | $ / shares | $ 2.33 |
Note 11 - Share Based Compens58
Note 11 - Share Based Compensation - Information About Stock Options Outstanding (Details) | 12 Months Ended |
Dec. 31, 2016$ / sharesshares | |
Number of Outstanding Options (in shares) | shares | 42,000 |
Number of Vested Options (in shares) | shares | 27,000 |
Exercise Price Range 01 [Member] | |
Range of Exercise Prices Lower Unit (in dollars per share) | $ / shares | $ 5.27 |
Range of Exercise Prices Upper Unit (in dollars per share) | $ / shares | $ 6.10 |
Number of Outstanding Options (in shares) | shares | 17,000 |
Number of Vested Options (in shares) | shares | 2,000 |
Weighted-Average Remaining Contractual Life Outstanding (Year) | 6 years 226 days |
Weighted-Average Remaining Contractual Life Vested (Year) | 1 year 7 days |
Weighted-Average Exercise Price Outstanding (in dollars per share) | $ / shares | $ 6 |
Weighted-Average Exercise Price Vested (in dollars per share) | $ / shares | $ 5.27 |
Exercise Price Range 03 [Member] | |
Number of Outstanding Options (in shares) | shares | 25,000 |
Number of Vested Options (in shares) | shares | 25,000 |
Weighted-Average Remaining Contractual Life Outstanding (Year) | 200 days |
Weighted-Average Remaining Contractual Life Vested (Year) | 200 days |
Weighted-Average Exercise Price Outstanding (in dollars per share) | $ / shares | $ 9.81 |
Weighted-Average Exercise Price Vested (in dollars per share) | $ / shares | $ 9.81 |
Note 11 - Share Based Compens59
Note 11 - Share Based Compensation - Recognition of Unvested Share-based Awards Expenses (Details) $ in Thousands | Dec. 31, 2016USD ($) |
Unrecognized expenses unvested share based awards | $ 600 |
Fiscal Year 2017 [Member] | |
Unrecognized expenses unvested share based awards | 578 |
Time-based Restricted Stock Units [Member] | Fiscal Year 2017 [Member] | |
Unrecognized expenses unvested share based awards | 578 |
Performance-based Restricted Stock Units [Member] | Fiscal Year 2017 [Member] | |
Unrecognized expenses unvested share based awards |
Note 11 - Share Based Compens60
Note 11 - Share Based Compensation - Valuation of Stock Options (Details) - $ / shares | 12 Months Ended | |
Dec. 31, 2016 | Jan. 02, 2016 | |
Weighted average risk-free interest rate | 1.35% | 1.74% |
Expected term of option (years) (Year) | 5 years | 5 years |
Expected stock price volatility | 33.00% | 35.00% |
Expected dividend yield | 0.00% | 0.00% |
Annual forfeiture rate | 3.11% | 3.23% |
Weighted-average grant date fair value (in dollars per share) | $ 5.51 | $ 5 |
Note 11 - Share Based Compens61
Note 11 - Share Based Compensation - Restricted Stock Units Activity (Details) - $ / shares | 12 Months Ended | |
Dec. 31, 2016 | Jan. 02, 2016 | |
Vested, number of restricted stock units (in shares) | ||
Vested, weighted average grant date fair value (in dollars per share) | ||
Restricted Stock Units (RSUs) [Member] | ||
Outstanding non-vested, number of restricted stock units (in shares) | 209,000 | 500,000 |
Outstanding non-vested, weighted average grant date fair value per share (in dollars per share) | $ 7.10 | $ 6.61 |
Granted, number of restricted stock units (in shares) | 262,734 | 48,000 |
Granted, weighted average grant date fair value per share (in dollars per share) | $ 5 | |
Vested, number of restricted stock units (in shares) | (74,000) | (334,000) |
Vested, weighted average grant date fair value (in dollars per share) | $ 5.56 | $ 6.05 |
Forfeited or expired, number of restricted stock units (in shares) | (5,000) | |
Forfeited or expired, weighted average grant date fair value per share (in dollars per share) | $ 7.95 | |
Outstanding non-vested, number of restricted stock units (in shares) | 397,734 | 209,000 |
Outstanding non-vested, weighted average grant date fair value per share (in dollars per share) | $ 6.34 | $ 7.10 |
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number | 397,734 | 500,000 |
Time-based Restricted Stock Units [Member] | ||
Granted, number of restricted stock units (in shares) | 62,734 | |
Granted, weighted average grant date fair value per share (in dollars per share) | $ 5.98 | |
Performance-based Restricted Stock Units [Member] | ||
Granted, number of restricted stock units (in shares) | 200,000 | |
Granted, weighted average grant date fair value per share (in dollars per share) | $ 5.36 |
Note 12 - Treasury Stock Tran62
Note 12 - Treasury Stock Transactions (Details Textual) - USD ($) $ / shares in Units, $ in Millions | 12 Months Ended | ||
Dec. 31, 2016 | Aug. 09, 2016 | Oct. 28, 2013 | |
Stock Repurchase Program 2013 [Member] | |||
Stock Repurchase Program, Authorized Amount | $ 5 | ||
Stock Repurchase Program, 2016 [Member] | |||
Stock Repurchase Program, Authorized Amount | $ 5 | ||
Treasury Stock, Shares, Acquired | 701,114 | ||
Treasury Stock Acquired, Average Cost Per Share | $ 6.07 | ||
Stock Repurchase Program, Remaining Authorized Repurchase Amount | $ 2.9 |
Note 14 - Segment Information -
Note 14 - Segment Information - Results of the Segments (Details) - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2016 | Jan. 02, 2016 | |
Revenues | $ 176,448 | $ 185,736 |
Cost of services | 129,418 | 133,851 |
Gross profit | 47,030 | 51,885 |
Selling, general and administrative | 40,063 | 42,567 |
Legal settlement and office closure | 1,283 | |
Depreciation and amortization | 1,569 | 1,467 |
Operating income (loss) | 4,115 | 7,851 |
Total assets | 69,831 | 81,336 |
Capital expenditures | 846 | 2,790 |
Engineering [Member] | ||
Revenues | 73,853 | 80,713 |
Cost of services | 54,182 | 60,472 |
Gross profit | 19,671 | 20,241 |
Selling, general and administrative | 15,168 | 15,829 |
Legal settlement and office closure | ||
Depreciation and amortization | 1,120 | 1,044 |
Operating income (loss) | 3,383 | 3,368 |
Total assets | 35,535 | 41,689 |
Capital expenditures | 620 | 1,238 |
Information Technology [Member] | ||
Revenues | 42,812 | 58,885 |
Cost of services | 31,145 | 40,787 |
Gross profit | 11,667 | 18,098 |
Selling, general and administrative | 10,948 | 14,854 |
Legal settlement and office closure | ||
Depreciation and amortization | 192 | 240 |
Operating income (loss) | 527 | 3,004 |
Total assets | 11,705 | 14,011 |
Capital expenditures | 52 | 18 |
Specialty Health Care [Member] | ||
Revenues | 59,783 | 46,138 |
Cost of services | 44,091 | 32,592 |
Gross profit | 15,692 | 13,546 |
Selling, general and administrative | 13,947 | 11,884 |
Legal settlement and office closure | ||
Depreciation and amortization | 257 | 183 |
Operating income (loss) | 1,488 | 1,479 |
Total assets | 18,565 | 18,520 |
Capital expenditures | 149 | 73 |
Corporate Segment [Member] | ||
Revenues | ||
Cost of services | ||
Gross profit | ||
Selling, general and administrative | ||
Legal settlement and office closure | 1,283 | |
Depreciation and amortization | ||
Operating income (loss) | (1,283) | |
Total assets | 4,026 | 7,116 |
Capital expenditures | $ 25 | $ 1,461 |
Note 14 - Segment Information64
Note 14 - Segment Information - Revenues by Geographic Area (Details) - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2016 | Jan. 02, 2016 | |
Revenue | $ 176,448 | $ 185,736 |
UNITED STATES | ||
Revenue | 146,950 | 150,024 |
CANADA | ||
Revenue | 24,423 | 29,519 |
PUERTO RICO | ||
Revenue | $ 5,075 | $ 6,193 |
Note 14 - Segment Information65
Note 14 - Segment Information - Total Assets by Geographic Area (Details) - USD ($) $ in Thousands | Dec. 31, 2016 | Jan. 02, 2016 |
Total assets | $ 69,831 | $ 81,336 |
UNITED STATES | ||
Total assets | 53,842 | 63,886 |
CANADA | ||
Total assets | 13,953 | 15,640 |
PUERTO RICO | ||
Total assets | $ 2,036 | $ 1,810 |
Note 15 - Income Taxes (Details
Note 15 - Income Taxes (Details Textual) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2016 | Jan. 02, 2016 | Jan. 03, 2015 | |
Effective Income Tax Rate Reconciliation, Percent | 46.80% | 15.90% | |
Goodwill | $ 12,325 | $ 11,630 | $ 10,223 |
Income Tax Examination, Penalties and Interest Expense | 0 | 0 | |
Information Technology [Member] | |||
Goodwill | $ 5,516 | 5,516 | $ 5,516 |
Information Technology [Member] | Disposal Group, Disposed of by Sale, Not Discontinued Operations [Member] | |||
Goodwill | $ 0 | ||
Foreign Tax Authority [Member] | Canada Revenue Agency [Member] | Maximum [Member] | |||
Effective Income Tax Rate Reconciliation, Percent | 30.00% | ||
Domestic Tax Authority [Member] | Internal Revenue Service (IRS) [Member] | Tax Year 2011 [Member] | |||
Income Tax Examination, Year under Examination | 2,011 | ||
Domestic Tax Authority [Member] | Internal Revenue Service (IRS) [Member] | Tax Year 2012 [Member] | |||
Income Tax Examination, Year under Examination | 2,012 | ||
State and Local Jurisdiction [Member] | New Jersey Division of Taxation [Member] | Earliest Tax Year [Member] | |||
Income Tax Examination, Year under Examination | 2,009 | ||
State and Local Jurisdiction [Member] | New Jersey Division of Taxation [Member] | Latest Tax Year [Member] | |||
Income Tax Examination, Year under Examination | 2,012 |
Note 15 - Income Taxes - The Co
Note 15 - Income Taxes - The Components of Income Tax Expense (Benefit) (Details) - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2016 | Jan. 02, 2016 | |
Current | ||
Federal | $ 688 | $ (570) |
State and local | 402 | 320 |
Foreign | (3) | 81 |
1,087 | (169) | |
Deferred | ||
Federal | 372 | 944 |
State | 108 | 274 |
Foreign | (23) | 90 |
457 | 1,308 | |
Total | 1,544 | 1,139 |
United States | 3,430 | 6,642 |
Foreign Jurisdictions | (128) | 512 |
Income before income taxes | $ 3,302 | $ 7,154 |
Note 15 - Income Taxes - Income
Note 15 - Income Taxes - Income Tax Provision Reconciliation (Details) | 12 Months Ended | |
Dec. 31, 2016 | Jan. 02, 2016 | |
Tax at statutory rate | 34.00% | 34.00% |
State and Puerto Rico income taxes, net of Federal income tax benefit | 8.00% | 5.40% |
Permanent differences | 5.70% | 2.20% |
Foreign income tax rate | 0.50% | |
Tax loss on sale of business unit | (26.90%) | |
Other, net | (1.40%) | 1.20% |
Total income tax expense | 46.80% | 15.90% |
Note 15 - Income Taxes - Unreco
Note 15 - Income Taxes - Unrecognized Tax Benefits (Details) $ in Thousands | 12 Months Ended |
Dec. 31, 2016USD ($) | |
Balance as of January 2, 2016 | $ 628 |
Charges for current year tax positions | |
Reserves for current year tax position | |
Balance as of December 31, 2016 | $ 628 |
Note 15 - Income Taxes - Deferr
Note 15 - Income Taxes - Deferred Tax Assets and Liabilities (Details) - USD ($) $ in Thousands | Dec. 31, 2016 | Jan. 02, 2016 |
Deferred tax assets: | ||
Allowance for doubtful accounts | $ 451 | $ 501 |
Acquisition amortization, net | 352 | |
Reserves and accruals | 394 | 393 |
Other | 323 | 128 |
Total deferred tax assets | 1,168 | 1,374 |
Deferred tax liabilities: | ||
Acquisition amortization, net | (100) | |
Prepaid expense deferral | (750) | (491) |
Bonus depreciation to be reversed | (466) | (550) |
Canada deferred tax liability, net | (234) | (250) |
Total deferred tax liabilities | (1,550) | (1,291) |
Total deferred tax liability, net | $ (382) | |
Total deferred tax asset, net | $ 83 |
Note 16 - Contingencies (Detail
Note 16 - Contingencies (Details Textual) - USD ($) $ in Millions | 12 Months Ended | |
Dec. 31, 2016 | Jan. 02, 2016 | |
Loss Contingency, Damages Sought, Value | $ 1.5 | $ 1.9 |
Estimated Litigation Liability | $ 0.5 |
Note 17 - Retirement Plans (Det
Note 17 - Retirement Plans (Details Textual) - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2016 | Jan. 02, 2016 | |
Deferred Compensation Arrangement with Individual, Employer Contribution | $ 588 | $ 587 |
Note 18 - Commitments (Details
Note 18 - Commitments (Details Textual) - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2016 | Jan. 02, 2016 | |
Operating Leases, Rent Expense | $ 3,186 | $ 2,952 |
Operating Leases, Income Statement, Sublease Revenue | $ 0 | $ 165 |
Note 18 - Commitments - Minimum
Note 18 - Commitments - Minimum Future Annual Operating Lease Commitments (Details) $ in Thousands | Dec. 31, 2016USD ($) |
2,017 | $ 2,988 |
2,018 | 2,366 |
2,019 | 1,006 |
2,020 | 525 |
2,021 | 154 |
Thereafter | 24 |
Total | $ 7,063 |
Note 19 - Related Party Trans75
Note 19 - Related Party Transactions (Details Textual) - USD ($) | 12 Months Ended | |
Dec. 31, 2016 | Jan. 02, 2016 | |
Machon and Associates [Member] | ||
Related Party Transaction, Amounts of Transaction | $ 65,000 | $ 0 |
Schedule II - Valuation and Q76
Schedule II - Valuation and Qualifying Accounts and Reserves - Schedule of Valuation and Qualifying Accounts and Reserves (Details) - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2016 | Jan. 02, 2016 | |
Allowance for Doubtful Accounts [Member] | ||
Balance at Beginning of Period | $ 1,432 | $ 1,011 |
Charged to Costs and Expenses | 650 | 629 |
Deduction | (680) | (208) |
Balance at End of Period | 1,402 | 1,432 |
Legal Reserve [Member] | ||
Balance at Beginning of Period | 214 | 0 |
Charged to Costs and Expenses | 455 | 214 |
Deduction | (214) | 0 |
Balance at End of Period | $ 455 | $ 214 |