|
NV5 GLOBAL, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF NET INCOME AND COMPREHENSIVE INCOME (UNAUDITED) (in thousands, except share data) | |||||||||||||||
| Three Months Ended | Nine Months Ended | ||||||||||||||
|
October 3,
2020 |
September 28,
2019 |
October 3,
2020 |
September 28,
2019 | ||||||||||||
| Gross revenues | $ | 169,949 | $ | 131,032 | $ | 498,118 | $ | 376,340 | |||||||
| Direct costs: | |||||||||||||||
| Salaries and wages | 46,815 | 40,426 | 136,929 | 113,762 | |||||||||||
| Sub-consultant services | 26,003 | 19,972 | 78,673 | 56,969 | |||||||||||
| Other direct costs | 10,370 | 7,139 | 27,771 | 25,244 | |||||||||||
| Total direct costs | 83,188 | 67,536 | 243,373 | 195,975 | |||||||||||
| Gross Profit | 86,761 | 63,496 | 254,745 | 180,365 | |||||||||||
| Operating Expenses: | |||||||||||||||
| Salaries and wages, payroll taxes and benefits | 43,750 | 33,428 | 133,456 | 93,431 | |||||||||||
| General and administrative | 13,216 | 11,028 | 38,196 | 30,786 | |||||||||||
| Facilities and facilities related | 5,370 | 4,664 | 16,125 | 12,407 | |||||||||||
| Depreciation and amortization | 10,187 | 6,551 | 32,387 | 18,908 | |||||||||||
| Total operating expenses | 72,523 | 55,671 | 220,164 | 155,533 | |||||||||||
| Income from operations | 14,238 | 7,825 | 34,581 | 24,832 | |||||||||||
| Interest expense | (3,731 | ) | (421 | ) | (11,921 | ) | (1,230 | ) | |||||||
| Income before income tax expense | 10,507 | 7,403 | 22,660 | 23,602 | |||||||||||
| Income tax expense | (2,753 | ) | (1,560 | ) | (6,215 | ) | (3,422 | ) | |||||||
| Net Income and Comprehensive Income | $ | 7,754 | $ | 5,843 | $ | 16,445 | $ | 20,180 | |||||||
| Earnings per share: | |||||||||||||||
| Basic | $ | 0.62 | $ | 0.48 | $ | 1.33 | $ | 1.67 | |||||||
| Diluted | $ | 0.61 | $ | 0.46 | $ | 1.30 | $ | 1.62 | |||||||
| Weighted average common shares outstanding: | |||||||||||||||
| Basic | 12,434,600 | 12,191,405 | 12,328,448 | 12,086,588 | |||||||||||
| Diluted | 12,749,917 | 12,566,966 | 12,650,107 | 12,485,049 | |||||||||||
