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NV5 GLOBAL, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF NET INCOME AND COMPREHENSIVE INCOME (in thousands, except share data) (Unaudited) | |||||||||||||||
| Three Months Ended | Nine Months Ended | ||||||||||||||
|
September 28,
2019 |
September 29,
2018 |
September 28,
2019 |
September 29,
2018 | ||||||||||||
| Gross revenues | $ | 131,032 | $ | 104,185 | $ | 376,340 | $ | 302,737 | |||||||
| Direct costs (excluding depreciation and amortization): | |||||||||||||||
| Salaries and wages | 40,426 | 34,475 | 113,762 | 98,542 | |||||||||||
| Sub-consultant services | 19,972 | 14,989 | 56,969 | 43,349 | |||||||||||
| Other direct costs | 7,139 | 4,747 | 25,244 | 13,539 | |||||||||||
| Total direct costs | 67,536 | 54,211 | 195,975 | 155,430 | |||||||||||
| Gross Profit | 63,496 | 49,974 | 180,365 | 147,307 | |||||||||||
| Operating Expenses: | |||||||||||||||
| Salaries and wages, payroll taxes and benefits | 33,428 | 24,897 | 93,431 | 76,122 | |||||||||||
| General and administrative | 11,028 | 7,556 | 30,786 | 23,348 | |||||||||||
| Facilities and facilities related | 4,664 | 3,490 | 12,407 | 10,552 | |||||||||||
| Depreciation and amortization | 6,551 | 4,057 | 18,908 | 11,660 | |||||||||||
| Total operating expenses | 55,671 | 40,000 | 155,533 | 121,682 | |||||||||||
| Income from operations | 7,825 | 9,974 | 24,832 | 25,625 | |||||||||||
| Interest expense | (421 | ) | (451 | ) | (1,230 | ) | (1,712 | ) | |||||||
| Income before income tax expense | 7,403 | 9,523 | 23,602 | 23,913 | |||||||||||
| Income tax expense | (1,560 | ) | (2,238 | ) | (3,422 | ) | (4,716 | ) | |||||||
| Net Income and Comprehensive Income | $ | 5,843 | $ | 7,285 | $ | 20,180 | $ | 19,197 | |||||||
| Earnings per share: | |||||||||||||||
| Basic | $ | 0.48 | $ | 0.65 | $ | 1.67 | $ | 1.80 | |||||||
| Diluted | $ | 0.46 | $ | 0.62 | $ | 1.62 | $ | 1.71 | |||||||
| Weighted average common shares outstanding: | |||||||||||||||
| Basic | 12,191,405 | 11,256,946 | 12,086,588 | 10,686,040 | |||||||||||
| Diluted | 12,566,966 | 11,701,394 | 12,485,049 | 11,205,748 | |||||||||||
