(UNAUDITED)
(in thousands, except share data)
| Three Months Ended | Twelve Months Ended | ||||||||||||||
| December 31, 2022 | January 1, 2022 | December 31, 2022 | January 1, 2022 | ||||||||||||
| Gross revenues | $ | 189,818 | $ | 188,555 | $ | 786,778 | $ | 706,706 | |||||||
| Direct costs: | |||||||||||||||
| Salaries and wages | 44,830 | 43,417 | 186,806 | 175,047 | |||||||||||
| Sub-consultant services | 37,084 | 35,995 | 153,641 | 124,998 | |||||||||||
| Other direct costs | 14,931 | 11,633 | 60,357 | 47,347 | |||||||||||
| Total direct costs | 96,845 | 91,045 | 400,804 | 347,392 | |||||||||||
| Gross profit | 92,973 | 97,510 | 385,974 | 359,314 | |||||||||||
| Operating expenses: | |||||||||||||||
| Salaries and wages, payroll taxes, and benefits | 46,769 | 45,077 | 193,488 | 176,838 | |||||||||||
| General and administrative | 18,501 | 16,095 | 66,114 | 53,986 | |||||||||||
| Facilities and facilities related | 5,431 | 4,863 | 21,252 | 20,193 | |||||||||||
| Depreciation and amortization | 9,565 | 10,189 | 38,938 | 39,953 | |||||||||||
| Total operating expenses | 80,266 | 76,224 | 319,792 | 290,970 | |||||||||||
| Income from operations | 12,707 | 21,286 | 66,182 | 68,344 | |||||||||||
| Interest expense | (1,005 | ) | (878 | ) | (3,808 | ) | (6,239 | ) | |||||||
| Income before income tax expense | 11,702 | 20,408 | 62,374 | 62,105 | |||||||||||
| Income tax expense | (3,702 | ) | (4,953 | ) | (12,401 | ) | (14,958 | ) | |||||||
| Net income and comprehensive income | $ | 8,000 | $ | 15,455 | $ | 49,973 | $ | 47,147 | |||||||
| Earnings per share: | |||||||||||||||
| Basic | $ | 0.54 | $ | 1.05 | $ | 3.39 | $ | 3.34 | |||||||
| Diluted | $ | 0.52 | $ | 1.02 | $ | 3.27 | $ | 3.22 | |||||||
| Weighted average common shares outstanding: | |||||||||||||||
| Basic | 14,816,773 | 14,651,218 | 14,753,738 | 14,135,333 | |||||||||||
| Diluted | 15,320,123 | 15,159,314 | 15,260,186 | 14,656,381 | |||||||||||
NV5 GLOBAL, INC. AND SUBSIDIARIES
