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NV5 GLOBAL, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF NET INCOME AND COMPREHENSIVE INCOME (UNAUDITED) (in thousands, except share data) | ||||||||
| Three Months Ended | ||||||||
| April 1, 2023 | April 2, 2022 | |||||||
| Gross revenues | $ | 184,317 | $ | 190,154 | ||||
| Direct costs: | ||||||||
| Salaries and wages | 48,384 | 45,977 | ||||||
| Sub-consultant services | 27,615 | 34,825 | ||||||
| Other direct costs | 12,320 | 15,525 | ||||||
| Total direct costs | 88,319 | 96,327 | ||||||
| Gross profit | 95,998 | 93,827 | ||||||
| Operating expenses: | ||||||||
| Salaries and wages, payroll taxes, and benefits | 52,672 | 49,767 | ||||||
| General and administrative | 17,920 | 16,387 | ||||||
| Facilities and facilities related | 5,374 | 5,185 | ||||||
| Depreciation and amortization | 11,047 | 9,934 | ||||||
| Total operating expenses | 87,013 | 81,273 | ||||||
| Income from operations | 8,985 | 12,554 | ||||||
| Interest expense | (1,581 | ) | (914 | ) | ||||
| Income before income tax expense | 7,404 | 11,640 | ||||||
| Income tax expense | (1,457 | ) | (2,998 | ) | ||||
| Net income and comprehensive income | $ | 5,947 | $ | 8,642 | ||||
| Earnings per share: | ||||||||
| Basic | $ | 0.40 | $ | 0.59 | ||||
| Diluted | $ | 0.39 | $ | 0.57 | ||||
| Weighted average common shares outstanding: | ||||||||
| Basic | 14,883,487 | 14,693,323 | ||||||
| Diluted | 15,383,437 | 15,216,105 | ||||||
