Volt Information Sciences (VOLT) 10-Q 15 Mar 22 2022 Q1 Quarterly report Financial data

Cover

Cover - shares	3 Months Ended
	Jan. 30, 2022	Mar. 11, 2022
Cover [Abstract]
Amendment Flag	false
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q1
Entity Central Index Key	0000103872
Current Fiscal Year End Date	--10-30
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jan. 30, 2022
Document Transition Report	false
Entity File Number	001-09232
Entity Registrant Name	VOLT INFORMATION SCIENCES, INC.
Entity Incorporation, State or Country Code	NY
Entity Tax Identification Number	13-5658129
Entity Address, Address Line One	2401 N. Glassell Street
Entity Address, City or Town	Orange
Entity Address, State or Province	CA
Entity Address, Postal Zip Code	92865
City Area Code	714
Local Phone Number	921-8800
Title of 12(b) Security	Common Stock, par value $0.10
Trading Symbol	VOLT
Security Exchange Name	NYSEAMER
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		22,099,246

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Jan. 30, 2022	Jan. 31, 2021
Income Statement [Abstract]
NET REVENUE	$ 226,928	$ 217,958
Cost of services	191,835	185,276
GROSS MARGIN	35,093	32,682
EXPENSES
Selling, administrative and other operating costs	34,976	33,747
Restructuring and severance costs	591	632
Impairment charges	23	31
OPERATING LOSS	(497)	(1,728)
OTHER INCOME (EXPENSE), NET
Interest income (expense), net	(414)	(477)
Foreign exchange gain (loss), net	(12)	242
Other income (expense), net	(143)	(156)
TOTAL OTHER INCOME (EXPENSE), NET	(569)	(391)
LOSS BEFORE INCOME TAXES	(1,066)	(2,119)
Income tax provision	153	327
NET LOSS	$ (1,219)	$ (2,446)
Basic and Diluted:
Basic net loss (in USD per share)	$ (0.06)	$ (0.11)
Diluted net loss (in USD per share)	$ (0.06)	$ (0.11)
Basic weighted average number of shares (in shares)	22,158	21,793
Diluted weighted average number of shares (in shares)	22,158	21,793
Cost, Product and Service [Extensible Enumeration]	Service [Member]

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Loss - USD ($) $ in Thousands	3 Months Ended
	Jan. 30, 2022	Jan. 31, 2021
Statement of Comprehensive Income [Abstract]
NET LOSS	$ (1,219)	$ (2,446)
Other comprehensive income (loss):
Foreign currency translation adjustments, net of taxes	(862)	931
COMPREHENSIVE LOSS	$ (2,081)	$ (1,515)

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Jan. 30, 2022	Oct. 31, 2021
CURRENT ASSETS:
Cash and cash equivalents	$ 54,864	$ 71,373
Restricted cash and short-term investments	11,587	8,729
Trade accounts receivable, net of allowances of $148 and $137, respectively	129,303	127,211
Other current assets	6,486	6,229
TOTAL CURRENT ASSETS	202,240	213,542
Property, equipment and software, net	16,253	17,482
Right-of-use assets - operating leases, net	22,025	22,496
Other assets, excluding current portion	6,537	6,584
TOTAL ASSETS	247,055	260,104
CURRENT LIABILITIES:
Accrued compensation	21,811	22,629
Accounts payable	36,649	36,544
Accrued taxes other than income taxes	32,486	31,112
Accrued insurance and other	17,573	16,298
Operating lease liabilities	7,052	6,775
Income taxes payable	1,012	956
TOTAL CURRENT LIABILITIES	116,583	114,314
Accrued payroll taxes and other, excluding current portion	8,877	21,832
Operating lease liabilities, excluding current portion	32,434	33,558
Long-term debt, net	59,384	59,307
TOTAL LIABILITIES	217,278	229,011
STOCKHOLDERS’ EQUITY:
Preferred stock, par value $1.00; Authorized - 500,000 shares; Issued - none	0	0
Common stock, par value $0.10; Authorized - 120,000,000 shares; Issued - 23,738,003 shares; Outstanding - 22,099,246 shares	2,374	2,374
Paid-in capital	80,827	80,062
Accumulated deficit	(33,427)	(32,208)
Accumulated other comprehensive loss	(7,111)	(6,249)
Treasury stock, at cost; 1,638,757 shares	(12,886)	(12,886)
TOTAL STOCKHOLDERS’ EQUITY	29,777	31,093
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	$ 247,055	$ 260,104

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Jan. 30, 2022	Oct. 31, 2021
Statement of Financial Position [Abstract]
Trade accounts receivable, allowances	$ 148	$ 137
Preferred stock, par value (in USD per share)	$ 1	$ 1
Preferred stock, shares authorized (in shares)	500,000	500,000
Preferred stock, shares issued (in shares)	0	0
Common stock, par value (in USD per share)	$ 0.10	$ 0.10
Common stock, shares authorized (in shares)	120,000,000	120,000,000
Common stock, shares issued (in shares)	23,738,003	23,738,003
Common stock, shares outstanding (in shares)	22,099,246	22,099,246
Treasury stock, shares (in shares)	1,638,757	1,638,757

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Stockholders' Equity - USD ($) $ in Thousands	Total	Common Stock	Paid-in Capital	Accumulated Deficit	Accumulated Other Comprehensive Loss	Treasury Stock
Balance at beginning of period (in shares) at Nov. 01, 2020		23,738,003
Balance at beginning of period at Nov. 01, 2020	$ 27,874	$ 2,374	$ 79,937	$ (29,793)	$ (6,458)	$ (18,186)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net loss	(2,446)			(2,446)
Share-based compensation	226		226
Other comprehensive income (loss)	931				931
Issuance of common stock	(5)		(21)	(145)		161
Balance at end of period (in shares) at Jan. 31, 2021		23,738,003
Balance at end of period at Jan. 31, 2021	26,580	$ 2,374	80,142	(32,384)	(5,527)	(18,025)
Balance at beginning of period (in shares) at Oct. 31, 2021		23,738,003
Balance at beginning of period at Oct. 31, 2021	31,093	$ 2,374	80,062	(32,208)	(6,249)	(12,886)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net loss	(1,219)			(1,219)
Share-based compensation	765		765
Other comprehensive income (loss)	(862)				(862)
Balance at end of period (in shares) at Jan. 30, 2022		23,738,003
Balance at end of period at Jan. 30, 2022	$ 29,777	$ 2,374	$ 80,827	$ (33,427)	$ (7,111)	$ (12,886)

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Stockholders' Equity (Parenthetical) - $ / shares	Jan. 30, 2022	Oct. 31, 2021	Jan. 31, 2021	Nov. 01, 2020
Statement of Stockholders' Equity [Abstract]
Common stock, par value (in USD per share)	$ 0.10	$ 0.10	$ 0.10	$ 0.10

Condensed Consolidated Statem_5

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended
	Jan. 30, 2022	Jan. 31, 2021
CASH FLOWS USED IN OPERATING ACTIVITIES:
Net loss	$ (1,219)	$ (2,446)
Adjustment to reconcile net loss to cash used in operating activities:
Depreciation and amortization	2,032	1,705
Non-cash operating lease expense	2,128	2,269
Provision (release) of doubtful accounts and sales allowances	92	(22)
Unrealized foreign currency exchange (gain) loss	(240)	629
Impairment charges	23	31
Share-based compensation	765	226
Change in operating assets and liabilities:
Trade accounts receivable	(2,143)	(7,888)
Other assets	(434)	651
Accounts payable	113	(5,519)
Accrued expenses and other liabilities	(13,089)	4,148
Income taxes	56	(283)
Net cash used in operating activities	(11,916)	(6,499)
CASH FLOWS USED IN INVESTING ACTIVITIES:
Sales of investments	428	115
Purchases of investments	(272)	(125)
Proceeds from sale of property, equipment and software	0	6
Purchases of property, equipment and software	(797)	(959)
Net cash used in investing activities	(641)	(963)
CASH FLOWS USED IN FINANCING ACTIVITIES:
Debt issuance costs	0	(161)
Other	(16)	(5)
Net cash used in financing activities	(16)	(166)
Effect of exchange rate changes on cash, cash equivalents and restricted cash	(597)	(13)
Net decrease in cash, cash equivalents and restricted cash	(13,170)	(7,641)
Cash, cash equivalents and restricted cash, beginning of period	76,609	56,433
Cash, cash equivalents and restricted cash, end of period	63,439	48,792
Cash paid during the period:
Interest	422	484
Income taxes	85	8
Current assets:
Cash and cash equivalents	54,864	40,062
Restricted cash included in Restricted cash and short-term investments	8,575	8,730
Cash, cash equivalents and restricted cash, end of period	$ 63,439	$ 48,792

Basis of Presentation

Basis of Presentation	3 Months Ended
	Jan. 30, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	Basis of Presentation Basis of Presentation The accompanying interim condensed consolidated financial statements of Volt Information Sciences, Inc. (“Volt” or the “Company”) have been prepared in conformity with generally accepted accounting principles (“GAAP”), consistent in all material respects with those applied in the Annual Report on Form 10-K for the year ended October 31, 2021. The Company makes estimates and assumptions that affect the amounts reported. Actual results could differ from those estimates and changes in estimates are reflected in the period in which they become known. Accounting for certain expenses, including income taxes, is based on full year assumptions, and the financial statements reflect all normal adjustments that, in the opinion of management, are necessary for fair presentation of the interim periods presented. The interim information is unaudited and is prepared pursuant to the rules and regulations of the United States Securities and Exchange Commission (the “SEC”), which provides for omission of certain information and footnote disclosures. This interim financial information should be read in conjunction with the consolidated financial statements in the Company’s Annual Report on Form 10-K for the year ended October 31, 2021.

Recently Issued Accounting Pron

Recently Issued Accounting Pronouncements	3 Months Ended
	Jan. 30, 2022
Accounting Changes and Error Corrections [Abstract]
Recently Issued Accounting Pronouncements	Recently Issued Accounting Pronouncements New Accounting Standards Not Yet Adopted by the Company In November 2021, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2021-10, Government Assistance (Topic 832): Disclosures by Business Entities about Government Assistance . This update requires annual disclosures about transactions with a government that are accounted for by applying a grant or contribution accounting model by analogy. This standard is effective for annual periods beginning after December 15, 2021. Early adoption is permitted. The amendments should be applied either (1) prospectively to all transactions within the scope of the amendments that are reflected in financial statements at the date of initial application and new transactions that are entered into after the date of initial application or (2) retrospectively to those transactions. The Company is required to adopt the guidance in the first quarter of fiscal 2023. The Company does not anticipate a significant impact of these amendments on its consolidated financial statements. In June 2016, the FASB issued ASU 2016-13, Financial Instruments - Credit Losses (Accounting Standards Codification (“ASC”) Topic 326) , as clarified in ASU 2019-04, ASU 2019-05, ASU 2019-11 and ASU 2018-19, amending how entities will measure credit losses for most financial assets and certain other instruments that are not measured at fair value through net income. The guidance requires the application of a current expected credit loss model, which is a new impairment model based on expected losses. Under this model, an entity recognizes an allowance for expected credit losses based on historical experience, current conditions and forecasted information rather than the current methodology of delaying recognition of credit losses until it is probable a loss has been incurred. The amendments for Smaller Reporting Companies are effective for fiscal years beginning after December 15, 2022, which for the Company will be the first quarter of fiscal 2024. The Company expects to early adopt this ASU in the first quarter of fiscal 2023. Although the impact upon adoption will depend on the financial instruments held by the Company at that time, the Company does not anticipate a significant impact on its consolidated financial statements based on the instruments currently held and its historical trend of bad debt expense relating to trade accounts receivable. Management has evaluated other recently issued accounting pronouncements and does not believe that any of these pronouncements will have a significant impact on the Company’s consolidated financial statements and related disclosures. Recently Adopted by the Company In October 2020, the FASB issued ASU 2020-10, Codification Improvements (“ASU 2020-10”). The amendments improve the ASC by ensuring that all guidance that requires or provides an option for an entity to provide information in the notes to financial statements is codified in the Disclosure Section of the ASC. The amendments also clarify various provisions in the ASC so that the guidance can be applied more consistently. ASU 2020-10 was effective for the Company in the first quarter of fiscal 2022. The adoption of this guidance had no significant impact on the Company’s consolidated financial statements. In December 2019, the FASB issued ASU 2019-12, Simplifying the Accounting for Income Taxes (Topic 740) (“ASU 2019-12”), which simplifies the accounting for income taxes. The ASU removes exceptions to the general principles for intraperiod tax allocation, the recognition of a deferred tax liability for equity method investments and the methodology for calculating income taxes in an interim period. It also improves consistent application of and simplification for other areas of Topic 740 by clarifying and amending existing guidance. ASU 2019-12 is effective for all entities for fiscal years beginning after December 15, 2020, including interim

Leases

Leases	3 Months Ended
	Jan. 30, 2022
Leases [Abstract]
Leases	Leases The Company determines if an arrangement meets the criteria of a lease at inception, at which time it also performs an analysis to determine whether the lease qualifies as operating or financing. The Company’s leases are primarily classified as operating and consist of branch locations, as well as corporate office space. The Company’s finance lease arrangements are immaterial. The leases have remaining terms of 1 - 9 years. The lease term is the minimum of the non-cancelable period of the lease or the lease term inclusive of reasonably certain renewal option periods. Operating leases are included in Right-of-use assets (“ROU”) - operating leases and Operating lease liabilities, current and long-term, in the Condensed Consolidated Balance Sheets. Lease expense for operating leases is recognized on a straight-line basis over the lease term and is included in Selling, administrative and other operating costs in the Condensed Consolidated Statements of Operations. Components of Lease Expense (in thousands) Three Months Ended January 30, 2022 January 31, 2021 Operating lease expense $ 2,089 $ 2,269 Sublease income (461) (402) Variable lease expense 370 314 Total (1)(2) $ 1,998 $ 2,181 (1) The Company ’ s short-term lease expense is immaterial. (2) Lease expense included in restructuring is approximately $0.5 million and $0.6 million for the three months ended January 30, 2022 and January 31, 2021, respectively. Three Months Ended Supplemental Cash Flows Information (in thousands) January 30, 2022 January 31, 2021 Cash paid for amounts included in the measurement of operating lease liabilities $ 2,428 $ 2,925 Operating ROU assets obtained in exchange for operating lease liabilities $ 1,001 $ 737 Three Months Ended Weighted Average Remaining Lease Term and Discount Rate January 30, 2022 January 31, 2021 Weighted average remaining lease term (years) 7.2 7.8 Weighted average discount rate 6.3 % 6.3 % Maturities of Lease Liabilities (in thousands) As of January 30, 2022 Fiscal Year: Amount Remainder of 2022 $ 7,037 2023 7,881 2024 6,259 2025 5,536 2026 4,281 Thereafter 18,704 Total future lease payments $ 49,698 Less: Imputed interest 10,075 Total lease liabilities $ 39,623

Revenue Recognition

Revenue Recognition	3 Months Ended
	Jan. 30, 2022
Revenue from Contract with Customer [Abstract]
Revenue Recognition	Revenue Recognition Revenue Recognition All of the Company’s revenue and trade receivables are generated from contracts with customers. Revenue is recognized when control of the promised services is transferred to the Company’s customers at an amount that reflects the consideration the Company expects to be entitled to in exchange for those services. The Company’s revenue is recorded net of any sales or other similar taxes collected from its customers. Revenue Service Types Staffing Services Volt’s primary service is providing contingent (temporary) workers to its customers. These services are primarily provided through direct agreements with customers and Volt provides these services using its employees and, in some cases, by subcontracting with other vendors of contingent workers. Volt’s costs in providing these services consist of the wages and benefits provided to the contingent workers as well as the recruiting costs, payroll department costs and other administrative costs. Direct Placement Services Direct placement services include providing qualified candidates to the Company’s customers to hire on a permanent basis. Direct placement revenue is recognized net of a reserve for permanent placement candidates that do not remain with the customer through the contingency period, which is typically 60 days or less. This contingency is estimated based on historical data and recorded as a refund liability. Managed Service Programs ( “ MSP ” ) The Company’s MSP programs provide comprehensive solutions for delivery of contingent labor for assignment to customers, including supplier and worker sourcing, selecting, qualifying, on/off-boarding, time and expense recordation, reporting and approved invoicing and payment processing procedures. The Company’s fee for these MSP services is a fixed percentage of the staffing services spend that is managed through the program. Disaggregation of Revenues The following table presents our segment revenues disaggregated by service type (in thousands): Three Months Ended January 30, 2022 Segment Total North American Staffing International Staffing North American Corporate and Other Eliminations Service Revenues: Staffing Services $ 216,082 $ 188,666 $ 20,682 $ 6,729 $ 78 $ (73) Direct Placement Services 4,868 2,530 1,876 462 — — Managed Service Programs 5,978 — 3,460 2,518 — — $ 226,928 $ 191,196 $ 26,018 $ 9,709 $ 78 $ (73) Geographical Markets: Domestic $ 199,856 $ 190,292 $ — $ 9,637 $ — $ (73) International 27,072 904 26,018 72 78 — $ 226,928 $ 191,196 $ 26,018 $ 9,709 $ 78 $ (73) Three Months Ended January 31, 2021 Segment Total North American Staffing International Staffing North American Corporate and Other Eliminations Service Revenues: Staffing Services $ 209,269 $ 182,567 $ 19,995 $ 6,647 $ 119 $ (59) Direct Placement Services 3,064 1,649 879 536 — — Managed Service Programs 5,625 — 3,139 2,486 — — $ 217,958 $ 184,216 $ 24,013 $ 9,669 $ 119 $ (59) Geographical Markets: Domestic $ 192,832 $ 183,297 $ — $ 9,572 $ — $ (37) International 25,126 919 24,013 97 119 (22) $ 217,958 $ 184,216 $ 24,013 $ 9,669 $ 119 $ (59) Unsatisfied Performance Obligations The Company does not disclose the value of unsatisfied performance obligations for (i) contracts with an original expected length of one year or less and (ii) contracts for which they will recognize revenue at the amount to which it has the right to invoice for services performed. Unsatisfied performance obligations for contracts not meeting the aforementioned criteria are immaterial. Accounts Receivable, Contract Assets and Contract Liabilities The Company records accounts receivable when its right to consideration becomes unconditional and maintains a sales allowance for any potential billing errors and service-related adjustments to the customer. As of January 30, 2022, the change in the reserve balance from October 31, 2021 was immaterial. Contract assets primarily relate to the Company’s rights to consideration for services provided that are conditional on satisfaction of future performance obligations. Contract liabilities relate to payments that are received or due prior to the related performance obligations being satisfied. The Company does not have any material contract assets or long-term contract liabilities as of January 30, 2022 and October 31, 2021. The Company may incur fulfillment costs after obtaining a contract related to the set up and implementation of customer-specific MSP programs. These costs are deferred and amortized over the expected period of benefit of the MSP services provided to the customer . Deferred fulfillment costs were immaterial as of January 30, 2022 and October 31, 2021. Economic Factors The Company’s operations are subject to variations in the economic condition and regulatory environment in their jurisdictions of operations. Adverse economic conditions may severely reduce the demand for the Company’s services and directly impact the revenue. In addition, the Company faces risks in complying with various legal requirements and unpredictable changes in both U.S. and foreign regulations which may have a financial impact on the business and operations.

Accumulated Other Comprehensive

Accumulated Other Comprehensive Loss	3 Months Ended
	Jan. 30, 2022
Equity [Abstract]
Accumulated Other Comprehensive Loss	Accumulated Other Comprehensive Loss The changes in accumulated other comprehensive loss for the three months ended January 30, 2022 were (in thousands): Foreign Currency Translation Accumulated other comprehensive loss at beginning of the period $ (6,249) Other comprehensive loss (862) Accumulated other comprehensive loss at January 30, 2022 $ (7,111) There were no taxes allocated to the components of Other comprehensive loss and no reclassifications from accumulated other comprehensive loss for the three months ended January 30, 2022 and January 31, 2021.

Restricted Cash and Short-Term

Restricted Cash and Short-Term Investments	3 Months Ended
	Jan. 30, 2022
Cash and Cash Equivalents [Abstract]
Restricted Cash and Short-Term Investments	Restricted Cash and Short-Term Investments Restricted cash primarily includes amounts related to requirements under certain contracts with managed service program customers, for whom the Company manages the customers’ contingent staffing requirements, including processing of associate vendor billings into single, combined customer billings and distribution of payments to associate vendors on behalf of customers, as well as minimum cash deposits required to be maintained as collateral. Distribution of payments to associate vendors is generally made shortly after receipt of payment from customers, with undistributed amounts included in restricted cash and accounts payable between receipt and distribution of these amounts, where contractually required. At January 30, 2022 and October 31, 2021, restricted cash included $3.3 million and $3.8 million, respectively, restricted for payment to associate vendors, and $0.5 million, in both periods, restricted for other collateral accounts. At January 30, 2022 and October 31, 2021, restricted cash also included $4.8 million and $0.9 million, respectively, restricted under the Company’s long-term accounts receivable securitization program (“DZ Financing Program”) with DZ Bank AG Deutsche Zentral-Genossenschaftsbank (“DZ Bank”). At January 30, 2022 and October 31, 2021, this cash was restricted as it supplemented collateral provided by accounts receivable towards the Company’s aggregate borrowing base usage of $82.1 million, inclusive of $60.0 million outstanding and $22.1 million in issued letters of credit.

Fair Value of Financial Instrum

Fair Value of Financial Instruments	3 Months Ended
	Jan. 30, 2022
Fair Value Disclosures [Abstract]
Fair Value of Financial Instruments	Fair Value of Financial Instruments In accordance with ASC 820, Fair Value Measurements, assets and liabilities recorded at fair value are measured and classified using a three-tier fair value hierarchy based on the observability of the inputs available in the market to measure fair value, as described below: a. Level 1 measurements consist of unadjusted quoted prices in active markets for identical assets or liabilities. b. Level 2 measurements include quoted prices in markets that are not active or model inputs that are observable either directly or indirectly for substantially the full term of the asset or liability. c. Level 3 measurements include significant unobservable inputs. The carrying amounts of the Company’s financial instruments, which include cash, cash equivalents, restricted cash, accounts receivable and accounts payable, approximated their fair values due to the short-term nature of these instruments. The Company holds mutual funds to satisfy its obligations under its employee deferred compensation plan, which is carried at fair value based on quoted market prices in active markets for identical assets (Level 1). These short-term investments were $3.0 million and $3.5 million at January 30, 2022 and October 31, 2021, respectively. The carrying amounts of long-term debt recorded in the Company’s Condensed Consolidated Balance Sheets were $59.4 million and $59.3 million at January 30, 2022 and October 31, 2021 respectively. These amounts were net of deferred financing fees and approximated its fair value, which is determinable based on the interest rates the Company believes it could obtain for borrowings with similar terms (Level 2). Certain assets, such as goodwill, are not measured at fair value on an ongoing basis but are subject to fair value adjustments in certain circumstances. Upon a triggering event or evidence of impairment, the Company determines the fair value of these assets using Level 3 inputs, typically within a discounted cash flow model. There have been no changes in the methodology used to measure fair value of the financial instruments as well as any transfer of Level 3 assets or liabilities during the three months ended January 30, 2022.

Income Taxes

Income Taxes	3 Months Ended
	Jan. 30, 2022
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes The income tax provision reflects the geographic mix of earnings in various federal, state and foreign tax jurisdictions and their applicable rates resulting in a composite effective tax rate. The Company’s cumulative results for substantially all United States (“U.S.”) and certain non-U.S. jurisdictions for the most recent three-year period is a loss. Accordingly, a valuation allowance has been established for substantially all loss carryforwards and other net deferred tax assets for these jurisdictions, resulting in an effective tax rate that is significantly different than the statutory rate. The Company adjusts its effective tax rate for each quarter to be consistent with the estimated annual effective tax rate, consistent with ASC 270, Interim Reporting , and ASC 740-270, Income Taxes – Intra Period Tax Allocation . Jurisdictions with a projected loss for the full year where no tax benefit can be recognized are excluded from the calculation of the estimated annual effective tax rate. The Company’s future effective tax rates could be affected by earnings being different than anticipated in countries with differing statutory rates, increases in recorded valuation allowances of tax assets, or changes in tax laws. The Company’s provision for income taxes primarily includes foreign jurisdictions and state taxes. The income tax provision in the first quarter of fiscal 2022 and 2021 were $0.2 million and $0.3 million, respectively, primarily related to locations outside of the United States. The Company’s quarterly provision for income taxes is measured using an estimated annual effective tax rate, adjusted for discrete items that occur within the periods presented.

Debt

Debt	3 Months Ended
	Jan. 30, 2022
Debt Disclosure [Abstract]
Debt	Debt The Company’s primary sources of liquidity are cash flows generated from operations and proceeds from the DZ Financing Program. Both operating cash flows and borrowing capacity under this financing arrangement are directly related to the levels of accounts receivable generated by our business. The Company’s operating cash flows consist primarily of collections of customer receivables offset by payments for payroll and related items for the Company’s contingent staff and in-house employees; federal, foreign, state and local taxes; and trade payables. The Company’s level of borrowing capacity under the DZ Financing Program increases or decreases in tandem with any change in accounts receivable based on revenue fluctuations. The Company manages its cash flow and related liquidity on a global basis. The weekly payroll payments inclusive of employment-related taxes and payments to vendors are approximately $16.0 - $17.0 million. The Company generally targets minimum global liquidity to be approximately 1.5 times its average weekly requirements. The Company also maintains minimum effective cash balances in foreign operations and uses a multi-currency netting and overdraft facility for its European entities to further minimize overseas cash requirements. On March 27, 2020, the U.S. government enacted the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”) which, among other things, permits the deferral of the employer’s portion of social security tax payments between March 27, 2020 and December 31, 2020. As a result, as of October 31, 2021, $26.2 million of employer payroll tax payments were deferred with $13.2 million paid on January 3, 2022 and the remaining payable with the December 31, 2022 tax payment in January 2023. The DZ Financing Program is fully collateralized by certain receivables of the Company that are sold to a wholly-owned, consolidated, bankruptcy-remote subsidiary. To finance the purchase of such receivables, that subsidiary may request that DZ Bank make loans from time-to-time to that subsidiary which are secured by liens on those receivables. The Maximum Facility Amount, as defined in the DZ Financing Program is $100.0 million. In December 2020, the Company amended the DZ Financing Program, which was originally executed on January 25, 2018. The modifications to the agreement were to (1) extend the Amortization Date, as defined in the DZ Financing Program, from January 25, 2023 to January 25, 2024; (2) extend the Facility Maturity Date, as defined in the DZ Financing Program, from July 25, 2023 to July 25, 2024; (3) revise an existing covenant to maintain positive net income in any fiscal year ending after 2020 to any fiscal year ending after 2021; (4) replace the existing Tangible Net Worth (“TNW”) covenant requirement, as defined in the DZ Financing Program, to a minimum TNW of $20.0 million through the Company’s fiscal quarter ending on or about July 31, 2021 and $25.0 million in each quarter thereafter; and (5) revise the eligibility threshold for the receivables of a large North American Staffing customer from 5% of eligible receivables to 8%, which increased our overall availability under the Program by $1.0 - $3.0 million. All other terms and conditions of the DZ Financing Program remain substantially unchanged. Loan advances may be made under the DZ Financing Program through January 25, 2024 and all loans will mature no later than July 25, 2024. Loans will accrue interest (i) with respect to loans that are funded through the issuance of commercial paper notes, at the commercial paper (“CP”) rate and (ii) otherwise, at a rate per annum equal to adjusted LIBOR. The CP rate will be based on the rates paid by the applicable lender on notes it issues to fund related loans. Adjusted LIBOR is based on LIBOR for the applicable interest period and the rate prescribed by the Board of Governors of the Federal Reserve System for determining the reserve requirements with respect to Eurocurrency funding. If an event of default occurs, all loans shall bear interest at a rate per annum equal to the prime rate (the federal funds rate plus 3%) plus 2.5%. The DZ Financing Program also includes a letter of credit sub-facility with a sub-limit of $35.0 million. As of January 30, 2022, the letter of credit participation was $22.1 million inclusive of $20.9 million for the Company’s casualty insurance program and $1.2 million for the security deposit required under certain real estate lease agreements. The DZ Financing Program contains customary representations and warranties as well as affirmative and negative covenants. The agreement also contains customary default, indemnification and termination provisions. The DZ Financing Program is not an off-balance sheet arrangement, as the bankruptcy-remote subsidiary is a 100%-owned consolidated subsidiary of the Company. The Company is subject to certain financial and portfolio performance covenants under the DZ Financing Program, including (1) a minimum TNW, as defined under the DZ Financing Program, of at least $25.0 million in each quarter; (2) positive net income in any fiscal year ending after 2021; (3) maximum debt to tangible net worth ratio of 3:1; and (4) a minimum of $15.0 million in liquid assets, as defined under the DZ Financing Program. At January 30, 2022, the Company was in compliance with all debt covenants. At January 30, 2022, there was $2.7 million of borrowing availability, as defined under the DZ Financing Program. At January 30, 2022 and January 31, 2021, the Company had outstanding borrowings under the DZ Financing Program of $60.0 million, with a weighted average annual interest rate of 1.9% during the first quarter of both fiscal 2022 and fiscal 2021. Long-term debt consists of the following (in thousands): January 30, 2022 October 31, 2021 Financing programs $ 60,000 $ 60,000 Less: Deferred financing fees 616 693 Total long-term debt, net $ 59,384 $ 59,307

Earnings (Loss) Per Share

Earnings (Loss) Per Share	3 Months Ended
	Jan. 30, 2022
Earnings Per Share [Abstract]
Earnings (Loss) Per Share	Earnings (Loss) Per Share Basic and diluted net loss per share are calculated as follows (in thousands, except per share amounts): Three Months Ended January 30, 2022 January 31, 2021 Numerator Net loss $ (1,219) $ (2,446) Denominator Basic weighted average number of shares 22,158 21,793 Diluted weighted average number of shares 22,158 21,793 Net loss per share: Basic $ (0.06) $ (0.11) Diluted $ (0.06) $ (0.11) The diluted earnings per share for the three months ended January 30, 2022 did not include the effect of potentially dilutive outstanding shares comprised of 1,101,790 restricted stock units (“RSUs”), 318,204 stock options and 493,604 performance stock units (“PSUs”) because the effect would have been anti-dilutive. The diluted earnings per share for the three months ended January 31, 2021 did not include the effect of potentially dilutive outstanding shares comprised of 958,961 RSUs, 331,944 stock options and 194,417 PSUs because the effect would have been anti-dilutive.

Share-Based Compensation Plans

Share-Based Compensation Plans	3 Months Ended
	Jan. 30, 2022
Share-based Payment Arrangement [Abstract]
Share-Based Compensation Plans	Share-Based Compensation Plans For the three months ended January 30, 2022 and January 31, 2021, the Company recognized share-based compensation expense of $0.8 million and $0.2 million, respectively. These expenses are included in Selling, administrative and other operating costs in the Company’s Condensed Consolidated Statements of Operations. 2021 Equity Incentive Plan On April 20, 2021, the stockholders of the Company approved the Company’s 2021 Equity Incentive Plan (the “2021 Plan”). The 2021 Plan permits the granting of (1) stock options, including incentive stock options, (2) stock appreciation rights, (3) restricted stock, (4) restricted stock units, (5) performance awards and (6) other awards valued in whole or in part by reference to or otherwise based on our common stock (as defined in the 2021 Plan). Subject to adjustment as provided in the 2021 Plan, up to an aggregate of 3,700,000 shares of the Company’s common stock will be available for awards under the 2021 Plan, plus any shares under the Company’s 2019 and 2015 Equity Incentive Plans that rollover, are forfeited or otherwise become available for awards under the 2021 Plan. Fiscal 2021 Awards During the third quarter of fiscal 2021, the Company granted PSUs to certain executives, RSUs to certain employees including executive management and RSUs to the Board of Directors. The PSUs are eligible to vest in three equal tranches at the end of each performance period. Vesting of the PSUs is dependent on the achievement of the adjusted Earnings Before Interest, Taxes, Depreciation and Amortization margin percentage goals based on adjusted revenues at the end of each fiscal year of the one-year, two-year and three-year performance periods and provided that the employees remain employed with the Company on the applicable vesting date. The payout percentages can range from 0% to 150%. The employee RSUs are time-vested and vest in equal annual tranches over three years, provided that the employees remain employed with the Company on the applicable vesting date. The Board of Director RSUs vest one year from the grant date provided that the director provides continued service through the vesting date. The grant date fair value for the PSUs and RSUs is measured using the closing stock price on the grant date. The PSUs and RSUs had a total grant date fair value of approximately $1.6 million and $2.4 million, respectively. Summary of Equity Awards The following tables summarize the activities related to the Company’s share-based equity awards for the three months ended January 30, 2022: Performance Share Units Number of Weighted Average Shares Grant Date Fair Value Outstanding at October 31, 2021 499,447 $4.17 Forfeited (5,843) $4.04 Outstanding at January 30, 2022 493,604 $4.17 Restricted Stock Units Number of Weighted Average Shares Grant Date Fair Value Outstanding at October 31, 2021 and January 30, 2022 1,101,790 $3.01 Stock Options Number of Weighted Average Exercise Price Weighted Average Contractual Life (in years) Aggregate Intrinsic Value (in thousands) Outstanding at October 31, 2021 318,204 $5.71 5.25 $— Outstanding and Exercisable at January 30, 2022 318,204 $5.71 5.00 $— For the three months ended January 30, 2022, there was no exercise of stock options. As of January 30, 2022, total unrecognized compensation expense of $2.7 million related to PSUs and RSUs will be recognized over the remaining weighted average vesting period of 1.8 years of which $1.6 million, $0.8 million and $0.3 million are expected to be recognized in fiscal 2022, 2023 and 2024, respectively.

Restructuring and Severance Cha

Restructuring and Severance Charges	3 Months Ended
	Jan. 30, 2022
Restructuring and Related Activities [Abstract]
Restructuring and Severance Charges	Restructuring and Severance Charges The Company incurred total restructuring and severance costs of $0.6 million in both the first quarter of fiscal 2022 and 2021. As part of its continued efforts to reduce costs, in the first quarter of fiscal 2022, the Company recorded $0.5 million of restructuring costs related to ongoing costs of facilities exited in fiscal 2020 and $0.1 million in severance costs. In the first quarter of fiscal 2021, the Company recorded severance costs of $0.3 million primarily resulting from the elimination of certain positions and $0.6 million related to on-going costs of facilities exited in fiscal 2020, partially offset by a $0.3 million lease termination gain. Accrued restructuring and severance costs are included in Accrued compensation and Accrued insurance and other in the Condensed Consolidated Balance Sheets. Activity for the first three months of fiscal 2022 is summarized as follows (in thousands): January 30, 2022 Balance, beginning of year $ 549 Charged to expense 591 Cash payments (904) Ending Balance $ 236 The remaining balance as of January 30, 2022 of $0.2 million, was primarily related to severance costs in the International Staffing and North American MSP segments.

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	Jan. 30, 2022
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Legal Proceedings The Company is involved in various claims and legal actions arising in the ordinary course of business. The Company’s loss contingencies not discussed elsewhere consist primarily of claims and legal actions arising in the normal course of business related to contingent worker employment matters in the staffing services segments. These matters are at varying stages of investigation, arbitration or adjudication. The Company has accrued for losses on individual matters that are both probable and reasonably estimable. Estimates are based on currently available information and assumptions. Significant judgment is required in both the determination of probability and the determination of whether a matter is reasonably estimable. The Company’s estimates may change and actual expenses could differ in the future as additional information becomes available.

Segment Data

Segment Data	3 Months Ended
	Jan. 30, 2022
Segment Reporting [Abstract]
Segment Data	Segment Data The Company reports segment data in accordance with the provisions of ASC 280, Segment Reporting , aligning with the way the Company evaluates its business performance and manages its operations. The current reportable segments are (i) North American Staffing, (ii) International Staffing and (iii) North American MSP. The non-reportable businesses are combined and disclosed with corporate services under the category Corporate and Other. Segment operating income (loss) is comprised of segment net revenue less cost of services, selling, administrative and other operating costs, restructuring and severance costs, and impairment charges. The Company allocates to the segments all operating costs except for costs not directly related to the operating activities such as corporate-wide general and administrative costs. These costs are not allocated because doing so would not enhance the understanding of segment operating performance and are not used by management to measure segment performance. Financial data concerning the Company’s segment revenue and operating income (loss) as well as results from Corporate and Other are summarized in the following tables (in thousands): Three Months Ended January 30, 2022 Total North American Staffing International Staffing North American MSP Corporate and Other Eliminations Net revenue $ 226,928 $ 191,196 $ 26,018 $ 9,709 $ 78 $ (73) Cost of services 191,835 163,145 20,800 7,921 42 (73) Gross margin 35,093 28,051 5,218 1,788 36 — Selling, administrative and other operating costs 34,976 21,409 4,280 815 8,472 — Restructuring and severance costs 591 67 70 — 454 — Impairment charge 23 — — — 23 — Operating income (loss) (497) 6,575 868 973 (8,913) — Other income (expense), net (569) Income tax provision 153 Net loss $ (1,219) Three Months Ended January 31, 2021 Total North American Staffing International Staffing North American MSP Corporate and Other Eliminations Net revenue $ 217,958 $ 184,216 $ 24,013 $ 9,669 $ 119 $ (59) Cost of services 185,276 157,636 19,851 7,784 64 (59) Gross margin 32,682 26,580 4,162 1,885 55 — Selling, administrative and other operating costs 33,747 20,646 3,788 1,353 7,960 — Restructuring and severance costs 632 (241) (8) — 881 — Impairment charge 31 — — — 31 — Operating income (loss) (1,728) 6,175 382 532 (8,817) — Other income (expense), net (391) Income tax provision 327 Net loss $ (2,446)

Subsequent Events

Subsequent Events	3 Months Ended
	Jan. 30, 2022
Subsequent Events [Abstract]
Subsequent Events	Subsequent EventsOn February 4, 2022, the Company reported that its Chief Financial Officer, Herbert Mueller, is currently unable to perform his duties due to a medical illness and will temporarily step away from his role as Chief Financial Officer. In Mr. Mueller’s absence, the Company’s former Chief Financial Officer, Paul Tomkins, will serve as Interim Chief Financial Officer, effective February 4, 2022, and will assume the day-to-day responsibilities of such role until further notice.The Company and Vega Consulting, Inc. (“Vega”), an affiliate of ACS Solutions, a global provider of information technology solutions and services, announced on March 14, 2022, that Volt and Vega entered into a definitive merger agreement under which Volt will be acquired for $6.00 per share in cash. This per share purchase price represents a premium of 99% to the Company’s closing stock price on March 11, 2022. Vega will commence a tender offer no later than March 25, 2022, to acquire all outstanding shares of Volt for $6.00 per share in cash. The merger agreement was approved by Volt’s board of directors, which recommends that Volt stockholders tender their shares in the tender offer. Additional information related to the Merger Agreement can be found within the Form 8-K filed by the Company on March 14, 2022.

Basis of Presentation (Policies

Basis of Presentation (Policies)	3 Months Ended
	Jan. 30, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	Basis of Presentation The accompanying interim condensed consolidated financial statements of Volt Information Sciences, Inc. (“Volt” or the “Company”) have been prepared in conformity with generally accepted accounting principles (“GAAP”), consistent in all material respects with those applied in the Annual Report on Form 10-K for the year ended October 31, 2021. The Company makes estimates and assumptions that affect the amounts reported. Actual results could differ from those estimates and changes in estimates are reflected in the period in which they become known. Accounting for certain expenses, including income taxes, is based on full year assumptions, and the financial statements reflect all normal adjustments that, in the opinion of management, are necessary for fair presentation of the interim periods presented. The interim information is unaudited and is prepared pursuant to the rules and regulations of the United States Securities and Exchange Commission (the “SEC”), which provides for omission of certain information and footnote disclosures. This interim financial information should be read in conjunction with the consolidated financial statements in the Company’s Annual Report on Form 10-K for the year ended October 31, 2021.
Recently Issued Accounting Pronouncements	Recently Issued Accounting Pronouncements New Accounting Standards Not Yet Adopted by the Company In November 2021, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2021-10, Government Assistance (Topic 832): Disclosures by Business Entities about Government Assistance . This update requires annual disclosures about transactions with a government that are accounted for by applying a grant or contribution accounting model by analogy. This standard is effective for annual periods beginning after December 15, 2021. Early adoption is permitted. The amendments should be applied either (1) prospectively to all transactions within the scope of the amendments that are reflected in financial statements at the date of initial application and new transactions that are entered into after the date of initial application or (2) retrospectively to those transactions. The Company is required to adopt the guidance in the first quarter of fiscal 2023. The Company does not anticipate a significant impact of these amendments on its consolidated financial statements. In June 2016, the FASB issued ASU 2016-13, Financial Instruments - Credit Losses (Accounting Standards Codification (“ASC”) Topic 326) , as clarified in ASU 2019-04, ASU 2019-05, ASU 2019-11 and ASU 2018-19, amending how entities will measure credit losses for most financial assets and certain other instruments that are not measured at fair value through net income. The guidance requires the application of a current expected credit loss model, which is a new impairment model based on expected losses. Under this model, an entity recognizes an allowance for expected credit losses based on historical experience, current conditions and forecasted information rather than the current methodology of delaying recognition of credit losses until it is probable a loss has been incurred. The amendments for Smaller Reporting Companies are effective for fiscal years beginning after December 15, 2022, which for the Company will be the first quarter of fiscal 2024. The Company expects to early adopt this ASU in the first quarter of fiscal 2023. Although the impact upon adoption will depend on the financial instruments held by the Company at that time, the Company does not anticipate a significant impact on its consolidated financial statements based on the instruments currently held and its historical trend of bad debt expense relating to trade accounts receivable. Management has evaluated other recently issued accounting pronouncements and does not believe that any of these pronouncements will have a significant impact on the Company’s consolidated financial statements and related disclosures. Recently Adopted by the Company In October 2020, the FASB issued ASU 2020-10, Codification Improvements (“ASU 2020-10”). The amendments improve the ASC by ensuring that all guidance that requires or provides an option for an entity to provide information in the notes to financial statements is codified in the Disclosure Section of the ASC. The amendments also clarify various provisions in the ASC so that the guidance can be applied more consistently. ASU 2020-10 was effective for the Company in the first quarter of fiscal 2022. The adoption of this guidance had no significant impact on the Company’s consolidated financial statements. In December 2019, the FASB issued ASU 2019-12, Simplifying the Accounting for Income Taxes (Topic 740) (“ASU 2019-12”), which simplifies the accounting for income taxes. The ASU removes exceptions to the general principles for intraperiod tax allocation, the recognition of a deferred tax liability for equity method investments and the methodology for calculating income taxes in an interim period. It also improves consistent application of and simplification for other areas of Topic 740 by clarifying and amending existing guidance. ASU 2019-12 is effective for all entities for fiscal years beginning after December 15, 2020, including interim
Leases	LeasesThe Company determines if an arrangement meets the criteria of a lease at inception, at which time it also performs an analysis to determine whether the lease qualifies as operating or financing. The Company’s leases are primarily classified as operating and consist of branch locations, as well as corporate office space. The Company’s finance lease arrangements are immaterial. The leases have remaining terms of 1 - 9 years. The lease term is the minimum of the non-cancelable period of the lease or the lease term inclusive of reasonably certain renewal option periods. Operating leases are included in Right-of-use assets (“ROU”) - operating leases and Operating lease liabilities, current and long-term, in the Condensed Consolidated Balance Sheets. Lease expense for operating leases is recognized on a straight-line basis over the lease term and is included in Selling, administrative and other operating costs in the Condensed Consolidated Statements of Operations.
Revenue Recognition	Revenue Recognition All of the Company’s revenue and trade receivables are generated from contracts with customers. Revenue is recognized when control of the promised services is transferred to the Company’s customers at an amount that reflects the consideration the Company expects to be entitled to in exchange for those services. The Company’s revenue is recorded net of any sales or other similar taxes collected from its customers. Revenue Service Types Staffing Services Volt’s primary service is providing contingent (temporary) workers to its customers. These services are primarily provided through direct agreements with customers and Volt provides these services using its employees and, in some cases, by subcontracting with other vendors of contingent workers. Volt’s costs in providing these services consist of the wages and benefits provided to the contingent workers as well as the recruiting costs, payroll department costs and other administrative costs. Direct Placement Services Direct placement services include providing qualified candidates to the Company’s customers to hire on a permanent basis. Direct placement revenue is recognized net of a reserve for permanent placement candidates that do not remain with the customer through the contingency period, which is typically 60 days or less. This contingency is estimated based on historical data and recorded as a refund liability. Managed Service Programs ( “ MSP ” )

Leases (Tables)

Leases (Tables)	3 Months Ended
	Jan. 30, 2022
Leases [Abstract]
Schedule of Components of Lease Expense and Supplemental Cash Flow Information	Components of Lease Expense (in thousands) Three Months Ended January 30, 2022 January 31, 2021 Operating lease expense $ 2,089 $ 2,269 Sublease income (461) (402) Variable lease expense 370 314 Total (1)(2) $ 1,998 $ 2,181 (1) The Company ’ s short-term lease expense is immaterial. (2) Lease expense included in restructuring is approximately $0.5 million and $0.6 million for the three months ended January 30, 2022 and January 31, 2021, respectively. Three Months Ended Supplemental Cash Flows Information (in thousands) January 30, 2022 January 31, 2021 Cash paid for amounts included in the measurement of operating lease liabilities $ 2,428 $ 2,925 Operating ROU assets obtained in exchange for operating lease liabilities $ 1,001 $ 737
Schedule of Weighted Average Remaining Lease Term and Discount Rate	Three Months Ended Weighted Average Remaining Lease Term and Discount Rate January 30, 2022 January 31, 2021 Weighted average remaining lease term (years) 7.2 7.8 Weighted average discount rate 6.3 % 6.3 %
Schedule of Maturities of Operating Lease Liabilities	Maturities of Lease Liabilities (in thousands) As of January 30, 2022 Fiscal Year: Amount Remainder of 2022 $ 7,037 2023 7,881 2024 6,259 2025 5,536 2026 4,281 Thereafter 18,704 Total future lease payments $ 49,698 Less: Imputed interest 10,075 Total lease liabilities $ 39,623

Revenue Recognition (Tables)

Revenue Recognition (Tables)	3 Months Ended
	Jan. 30, 2022
Revenue from Contract with Customer [Abstract]
Schedule of Segment Revenues Disaggregated by Service Type	The following table presents our segment revenues disaggregated by service type (in thousands): Three Months Ended January 30, 2022 Segment Total North American Staffing International Staffing North American Corporate and Other Eliminations Service Revenues: Staffing Services $ 216,082 $ 188,666 $ 20,682 $ 6,729 $ 78 $ (73) Direct Placement Services 4,868 2,530 1,876 462 — — Managed Service Programs 5,978 — 3,460 2,518 — — $ 226,928 $ 191,196 $ 26,018 $ 9,709 $ 78 $ (73) Geographical Markets: Domestic $ 199,856 $ 190,292 $ — $ 9,637 $ — $ (73) International 27,072 904 26,018 72 78 — $ 226,928 $ 191,196 $ 26,018 $ 9,709 $ 78 $ (73) Three Months Ended January 31, 2021 Segment Total North American Staffing International Staffing North American Corporate and Other Eliminations Service Revenues: Staffing Services $ 209,269 $ 182,567 $ 19,995 $ 6,647 $ 119 $ (59) Direct Placement Services 3,064 1,649 879 536 — — Managed Service Programs 5,625 — 3,139 2,486 — — $ 217,958 $ 184,216 $ 24,013 $ 9,669 $ 119 $ (59) Geographical Markets: Domestic $ 192,832 $ 183,297 $ — $ 9,572 $ — $ (37) International 25,126 919 24,013 97 119 (22) $ 217,958 $ 184,216 $ 24,013 $ 9,669 $ 119 $ (59)

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Loss (Tables)	3 Months Ended
	Jan. 30, 2022
Equity [Abstract]
Schedule of Changes in Accumulated Other Comprehensive Loss	The changes in accumulated other comprehensive loss for the three months ended January 30, 2022 were (in thousands): Foreign Currency Translation Accumulated other comprehensive loss at beginning of the period $ (6,249) Other comprehensive loss (862) Accumulated other comprehensive loss at January 30, 2022 $ (7,111)

Debt (Tables)

Debt (Tables)	3 Months Ended
	Jan. 30, 2022
Debt Disclosure [Abstract]
Schedule of Long-term Debt	Long-term debt consists of the following (in thousands): January 30, 2022 October 31, 2021 Financing programs $ 60,000 $ 60,000 Less: Deferred financing fees 616 693 Total long-term debt, net $ 59,384 $ 59,307

Earnings (Loss) Per Share (Tabl

Earnings (Loss) Per Share (Tables)	3 Months Ended
	Jan. 30, 2022
Earnings Per Share [Abstract]
Schedule of Basic and Diluted Net Loss per Share	Basic and diluted net loss per share are calculated as follows (in thousands, except per share amounts): Three Months Ended January 30, 2022 January 31, 2021 Numerator Net loss $ (1,219) $ (2,446) Denominator Basic weighted average number of shares 22,158 21,793 Diluted weighted average number of shares 22,158 21,793 Net loss per share: Basic $ (0.06) $ (0.11) Diluted $ (0.06) $ (0.11)

Share-Based Compensation Plans

Share-Based Compensation Plans (Tables)	3 Months Ended
	Jan. 30, 2022
Share-based Payment Arrangement [Abstract]
Schedule of Share-Based Payment Award Activity	The following tables summarize the activities related to the Company’s share-based equity awards for the three months ended January 30, 2022: Performance Share Units Number of Weighted Average Shares Grant Date Fair Value Outstanding at October 31, 2021 499,447 $4.17 Forfeited (5,843) $4.04 Outstanding at January 30, 2022 493,604 $4.17 Restricted Stock Units Number of Weighted Average Shares Grant Date Fair Value Outstanding at October 31, 2021 and January 30, 2022 1,101,790 $3.01 Stock Options Number of Weighted Average Exercise Price Weighted Average Contractual Life (in years) Aggregate Intrinsic Value (in thousands) Outstanding at October 31, 2021 318,204 $5.71 5.25 $— Outstanding and Exercisable at January 30, 2022 318,204 $5.71 5.00 $—

Restructuring and Severance C_2

Restructuring and Severance Charges (Tables)	3 Months Ended
	Jan. 30, 2022
Restructuring and Related Activities [Abstract]
Schedule of Restructuring Activity	Activity for the first three months of fiscal 2022 is summarized as follows (in thousands): January 30, 2022 Balance, beginning of year $ 549 Charged to expense 591 Cash payments (904) Ending Balance $ 236

Segment Data (Tables)

Segment Data (Tables)	3 Months Ended
	Jan. 30, 2022
Segment Reporting [Abstract]
Schedule of Sales and Segment Operating Income (Loss) by Reportable Operating Segment	Financial data concerning the Company’s segment revenue and operating income (loss) as well as results from Corporate and Other are summarized in the following tables (in thousands): Three Months Ended January 30, 2022 Total North American Staffing International Staffing North American MSP Corporate and Other Eliminations Net revenue $ 226,928 $ 191,196 $ 26,018 $ 9,709 $ 78 $ (73) Cost of services 191,835 163,145 20,800 7,921 42 (73) Gross margin 35,093 28,051 5,218 1,788 36 — Selling, administrative and other operating costs 34,976 21,409 4,280 815 8,472 — Restructuring and severance costs 591 67 70 — 454 — Impairment charge 23 — — — 23 — Operating income (loss) (497) 6,575 868 973 (8,913) — Other income (expense), net (569) Income tax provision 153 Net loss $ (1,219) Three Months Ended January 31, 2021 Total North American Staffing International Staffing North American MSP Corporate and Other Eliminations Net revenue $ 217,958 $ 184,216 $ 24,013 $ 9,669 $ 119 $ (59) Cost of services 185,276 157,636 19,851 7,784 64 (59) Gross margin 32,682 26,580 4,162 1,885 55 — Selling, administrative and other operating costs 33,747 20,646 3,788 1,353 7,960 — Restructuring and severance costs 632 (241) (8) — 881 — Impairment charge 31 — — — 31 — Operating income (loss) (1,728) 6,175 382 532 (8,817) — Other income (expense), net (391) Income tax provision 327 Net loss $ (2,446)

Leases - Narrative (Details)

Leases - Narrative (Details)	Jan. 30, 2022
Minimum
Lessee, Lease, Description [Line Items]
Lease term (in years)	1 year
Maximum
Lessee, Lease, Description [Line Items]
Lease term (in years)	9 years

Leases - Components of Lease Ex

Leases - Components of Lease Expense (Details) - USD ($) $ in Thousands	3 Months Ended
	Jan. 30, 2022	Jan. 31, 2021
Leases [Abstract]
Operating lease expense	$ 2,089	$ 2,269
Sublease income	(461)	(402)
Variable lease expense	370	314
Total	1,998	2,181
Lease expense included in restructuring expense	$ 500	$ 600

Leases - Supplemental Cash Flow

Leases - Supplemental Cash Flow Information (Details) - USD ($) $ in Thousands	3 Months Ended
	Jan. 30, 2022	Jan. 31, 2021
Leases [Abstract]
Cash paid for amounts included in the measurement of operating lease liabilities	$ 2,428	$ 2,925
Operating ROU assets obtained in exchange for operating lease liabilities	$ 1,001	$ 737

Leases - Weighted Average Lease

Leases - Weighted Average Lease Information (Details)	Jan. 30, 2022	Jan. 31, 2021
Leases [Abstract]
Weighted average remaining lease term (years)	7 years 2 months 12 days	7 years 9 months 18 days
Weighted average discount rate (as a percent)	6.30%	6.30%

Leases - Lease Maturities (Deta

Leases - Lease Maturities (Details) $ in Thousands	Jan. 30, 2022USD ($)
Fiscal Year, After Adoption of Topic 842
Remainder of 2022	$ 7,037
2023	7,881
2024	6,259
2025	5,536
2026	4,281
Thereafter	18,704
Total future lease payments	49,698
Less: Imputed interest	10,075
Total lease liabilities	$ 39,623

Revenue Recognition - Disaggreg

Revenue Recognition - Disaggregation of Revenue by Segment (Details) - USD ($) $ in Thousands	3 Months Ended
	Jan. 30, 2022	Jan. 31, 2021
Disaggregation of Revenue [Line Items]
Revenues	$ 226,928	$ 217,958
Domestic
Disaggregation of Revenue [Line Items]
Revenues	199,856	192,832
International
Disaggregation of Revenue [Line Items]
Revenues	27,072	25,126
Staffing Services
Disaggregation of Revenue [Line Items]
Revenues	216,082	209,269
Direct Placement Services
Disaggregation of Revenue [Line Items]
Revenues	4,868	3,064
Managed Service Programs
Disaggregation of Revenue [Line Items]
Revenues	5,978	5,625
Operating Segments | North American Staffing
Disaggregation of Revenue [Line Items]
Revenues	191,196	184,216
Operating Segments | North American Staffing | Domestic
Disaggregation of Revenue [Line Items]
Revenues	190,292	183,297
Operating Segments | North American Staffing | International
Disaggregation of Revenue [Line Items]
Revenues	904	919
Operating Segments | North American Staffing | Staffing Services
Disaggregation of Revenue [Line Items]
Revenues	188,666	182,567
Operating Segments | North American Staffing | Direct Placement Services
Disaggregation of Revenue [Line Items]
Revenues	2,530	1,649
Operating Segments | North American Staffing | Managed Service Programs
Disaggregation of Revenue [Line Items]
Revenues	0	0
Operating Segments | International Staffing
Disaggregation of Revenue [Line Items]
Revenues	26,018	24,013
Operating Segments | International Staffing | Domestic
Disaggregation of Revenue [Line Items]
Revenues	0	0
Operating Segments | International Staffing | International
Disaggregation of Revenue [Line Items]
Revenues	26,018	24,013
Operating Segments | International Staffing | Staffing Services
Disaggregation of Revenue [Line Items]
Revenues	20,682	19,995
Operating Segments | International Staffing | Direct Placement Services
Disaggregation of Revenue [Line Items]
Revenues	1,876	879
Operating Segments | International Staffing | Managed Service Programs
Disaggregation of Revenue [Line Items]
Revenues	3,460	3,139
Operating Segments | North American MSP
Disaggregation of Revenue [Line Items]
Revenues	9,709	9,669
Operating Segments | North American MSP | Domestic
Disaggregation of Revenue [Line Items]
Revenues	9,637	9,572
Operating Segments | North American MSP | International
Disaggregation of Revenue [Line Items]
Revenues	72	97
Operating Segments | North American MSP | Staffing Services
Disaggregation of Revenue [Line Items]
Revenues	6,729	6,647
Operating Segments | North American MSP | Direct Placement Services
Disaggregation of Revenue [Line Items]
Revenues	462	536
Operating Segments | North American MSP | Managed Service Programs
Disaggregation of Revenue [Line Items]
Revenues	2,518	2,486
Corporate and Other
Disaggregation of Revenue [Line Items]
Revenues	78	119
Corporate and Other | Domestic
Disaggregation of Revenue [Line Items]
Revenues	0	0
Corporate and Other | International
Disaggregation of Revenue [Line Items]
Revenues	78	119
Corporate and Other | Staffing Services
Disaggregation of Revenue [Line Items]
Revenues	78	119
Corporate and Other | Direct Placement Services
Disaggregation of Revenue [Line Items]
Revenues	0	0
Corporate and Other | Managed Service Programs
Disaggregation of Revenue [Line Items]
Revenues	0	0
Eliminations
Disaggregation of Revenue [Line Items]
Revenues	(73)	(59)
Eliminations | Domestic
Disaggregation of Revenue [Line Items]
Revenues	(73)	(37)
Eliminations | International
Disaggregation of Revenue [Line Items]
Revenues	0	(22)
Eliminations | Staffing Services
Disaggregation of Revenue [Line Items]
Revenues	(73)	(59)
Eliminations | Direct Placement Services
Disaggregation of Revenue [Line Items]
Revenues	0	0
Eliminations | Managed Service Programs
Disaggregation of Revenue [Line Items]
Revenues	$ 0	$ 0

Revenue Recognition - Narrative

Revenue Recognition - Narrative (Details) - USD ($)	Jan. 30, 2022	Oct. 31, 2021
Revenue from Contract with Customer [Abstract]
Contract assets	$ 0	$ 0
Long-term contract liabilities	$ 0	$ 0

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Loss - Changes in AOCI (Details) $ in Thousands	3 Months Ended
	Jan. 30, 2022USD ($)
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance at beginning of period	$ 31,093
Balance at end of period	29,777
Foreign Currency Translation
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance at beginning of period	(6,249)
Other comprehensive loss	(862)
Balance at end of period	$ (7,111)

Accumulated Other Comprehensi_4

Accumulated Other Comprehensive Loss - Narrative (Details) - USD ($)	3 Months Ended
	Jan. 30, 2022	Jan. 31, 2021
Equity [Abstract]
Taxes allocated to components of other comprehensive income (loss)	$ 0	$ 0
Reclassifications from accumulated other comprehensive loss	$ 0	$ 0

Restricted Cash and Short-Ter_2

Restricted Cash and Short-Term Investments (Details) - USD ($) $ in Millions	Jan. 30, 2022	Oct. 31, 2021
DZ Financing Program
Restricted Cash and Cash Equivalents Items [Line Items]
Restricted cash	$ 4.8	$ 0.9
Aggregate borrowing base usage	82.1
Long-term debt	60
Letter of Credit | DZ Financing Program
Restricted Cash and Cash Equivalents Items [Line Items]
Line of credit, amount outstanding	22.1
Restricted cash and short-term investments
Restricted Cash and Cash Equivalents Items [Line Items]
Short-term investments	3	3.5
Restricted cash and short-term investments | Short-Term Credit Facility
Restricted Cash and Cash Equivalents Items [Line Items]
Restricted as collateral	0.5	0.5
Associated Vendors
Restricted Cash and Cash Equivalents Items [Line Items]
Restricted cash	$ 3.3	$ 3.8

Fair Value of Financial Instr_2

Fair Value of Financial Instruments (Details) - USD ($) $ in Millions	Jan. 30, 2022	Oct. 31, 2021
Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term investments	$ 3	$ 3.5
Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term debt	$ 59.4	$ 59.3

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Thousands	3 Months Ended
	Jan. 30, 2022	Jan. 31, 2021
Income Tax Disclosure [Abstract]
Income tax provision	$ 153	$ 327

Debt - Narrative (Details)

Debt - Narrative (Details)	Jan. 03, 2022USD ($)	Dec. 31, 2020USD ($)	Jan. 30, 2022USD ($)	Jan. 30, 2022USD ($)	Jul. 31, 2021USD ($)	Oct. 31, 2021USD ($)	Nov. 30, 2020
Extinguishment of Debt [Line Items]
Deferred employer payroll taxes						$ 26,200,000
Deferred employer payroll taxes paid	$ 13,200,000
DZ Financing Program
Extinguishment of Debt [Line Items]
Transferors interests in transferred financial assets, maximum investment limit			$ 100,000,000	$ 100,000,000
Covenant, minimum tangible net worth through fiscal quarter ending July 31, 2021 (at least)					$ 20,000,000
Covenant, minimum tangible net worth thereafter			$ 25,000,000	25,000,000
Eligibility threshold for receivables of large customers (as a percent)		8.00%					5.00%
Covenant, maximum debt to tangible net worth ratio			3
Covenant, minimum liquid assets			$ 15,000,000	15,000,000
Borrowing availability			2,700,000	2,700,000
Long-term debt			$ 60,000,000	60,000,000
Weighted average annual interest rate during period (as a percent)			1.90%
DZ Financing Program | Letter of Credit
Extinguishment of Debt [Line Items]
Current borrowing capacity			$ 35,000,000	35,000,000
Fair value of amount outstanding			22,100,000	22,100,000
DZ Financing Program | Letter of Credit | Short Term Financing Program
Extinguishment of Debt [Line Items]
Fair value of amount outstanding			20,900,000	20,900,000
DZ Financing Program | Letter of Credit, Security Deposit
Extinguishment of Debt [Line Items]
Fair value of amount outstanding			$ 1,200,000	$ 1,200,000
DZ Financing Program | Federal Funds Rate | Letter of Credit
Extinguishment of Debt [Line Items]
Basis spread on variable rate (as a percent)			3.00%
DZ Financing Program | Prime Rate | Letter of Credit
Extinguishment of Debt [Line Items]
Basis spread on variable rate (as a percent)			2.50%
Minimum
Extinguishment of Debt [Line Items]
Approximate weekly employee compensation, payroll taxes and payments to vendors			$ 16,000,000
Target liquidity ratio			1.5
Minimum | DZ Financing Program
Extinguishment of Debt [Line Items]
Increase (decrease) in borrowing capacity		$ 1,000,000
Maximum
Extinguishment of Debt [Line Items]
Approximate weekly employee compensation, payroll taxes and payments to vendors			$ 17,000,000
Maximum | DZ Financing Program
Extinguishment of Debt [Line Items]
Increase (decrease) in borrowing capacity		$ 3,000,000

Debt - Schedule of Long-term De

Debt - Schedule of Long-term Debt (Details) - USD ($) $ in Thousands	Jan. 30, 2022	Oct. 31, 2021
Less:
Deferred financing fees	$ 616	$ 693
Long-term debt, net	59,384	59,307
Short Term Financing Program
Debt Instrument [Line Items]
Financing programs	$ 60,000	$ 60,000

Earnings (Loss) Per Share - Sch

Earnings (Loss) Per Share - Schedule of Basic and Diluted Net Loss per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended
	Jan. 30, 2022	Jan. 31, 2021
Numerator
Net loss	$ (1,219)	$ (2,446)
Denominator
Basic weighted average number of shares (in shares)	22,158	21,793
Dilutive weighted average number of shares (in shares)	22,158	21,793
Net loss per share:
Basic (in USD per share)	$ (0.06)	$ (0.11)
Diluted (in USD per share)	$ (0.06)	$ (0.11)

Earnings (Loss) Per Share - Nar

Earnings (Loss) Per Share - Narrative (Details) - shares	3 Months Ended
	Jan. 30, 2022	Jan. 31, 2021
Restricted Stock Units
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from EPS (in shares)	1,101,790	958,961
Stock Options
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from EPS (in shares)	318,204	331,944
Performance Share Units
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from EPS (in shares)	493,604	194,417

Share-Based Compensation Plan_2

Share-Based Compensation Plans - Narrative (Details) $ in Millions	3 Months Ended
	Jan. 30, 2022USD ($)trancheshares	Jan. 31, 2021USD ($)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation	$ 0.8	$ 0.2
Options exercised in period (in shares) | shares	0
Total unrecognized compensation cost	$ 2.7
Period for recognition of unrecognized compensation expense	1 year 9 months 18 days
Compensation cost not yet recognized, expected to be recognized in 2022	$ 1.6
Compensation cost not yet recognized, expected to be recognized in 2023	0.8
Compensation cost not yet recognized, expected to be recognized in 2024	$ 0.3
Performance Stock Units (PSUs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of tranches | tranche	3
Fair value of grants in period	$ 1.6
Performance Stock Units (PSUs) | Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Equity instruments other than options, payout rate (as a percent)	0.00%
Performance Stock Units (PSUs) | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Equity instruments other than options, payout rate (as a percent)	150.00%
Performance Stock Units (PSUs) | Vesting Period One
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period	1 year
Performance Stock Units (PSUs) | Vesting Period Two
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period	2 years
Performance Stock Units (PSUs) | Vesting Period Three
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period	3 years
Restricted Stock Units (RSUs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Fair value of grants in period	$ 2.4
Restricted Stock Units (RSUs) | Board of Directors
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period	1 year
Restricted Stock Units (RSUs) | Employee
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period	3 years
2021 Equity Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Equity Incentive Plan, common stock available for grant (in shares) | shares	3,700,000

Share-Based Compensation Plan_3

Share-Based Compensation Plans - Transactions Involving Outstanding Non-Option Awards (Details)	3 Months Ended
	Jan. 30, 2022$ / sharesshares
Performance Share Units
Number of Shares
Outstanding balance at beginning of period (in shares) | shares	499,447
Forfeited (in shares) | shares	(5,843)
Outstanding balance at end of period (in shares) | shares	493,604
Weighted Average Grant Date Fair Value
Outstanding balance at beginning of period (USD per share) | $ / shares	$ 4.17
Forfeited (USD per share) | $ / shares	4.04
Outstanding balance at end of period (USD per share) | $ / shares	$ 4.17
Restricted Stock Units
Number of Shares
Outstanding balance at beginning of period (in shares) | shares	1,101,790
Outstanding balance at end of period (in shares) | shares	1,101,790
Weighted Average Grant Date Fair Value
Outstanding balance at beginning of period (USD per share) | $ / shares	$ 3.01
Outstanding balance at end of period (USD per share) | $ / shares	$ 3.01

Share-Based Compensation Plan_4

Share-Based Compensation Plans - Transactions Involving Outstanding Stock Options (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended	12 Months Ended
	Jan. 30, 2022	Oct. 31, 2021
Number of Shares
Outstanding at beginning of period (shares)	318,204
Outstanding at end of period (shares)	318,204	318,204
Number of stock options exercisable at end of period (in shares)	318,204
Weighted Average Exercise Price
Outstanding at beginning of period (USD per share)	$ 5.71
Outstanding at end of period (USD per share)	5.71	$ 5.71
Weighted average exercise price of options exercisable at end of period (USD per share)	$ 5.71
Weighted Average Contractual Life (in years)
Weighted average contractual life of options outstanding (in years)	5 years	5 years 3 months
Weighted average contractual life of options exercisable (in years)	5 years
Aggregate Intrinsic Value (in thousands)
Aggregate intrinsic value of options outstanding	$ 0	$ 0
Aggregate intrinsic value of options exercisable	$ 0

Restructuring and Severance C_3

Restructuring and Severance Charges - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended
	Jan. 30, 2022	Jan. 31, 2021	Oct. 31, 2021
Restructuring Cost and Reserve [Line Items]
Restructuring and severance costs	$ 591	$ 632
Lease termination gain		300
Restructuring reserve	236		$ 549
Facility Exited
Restructuring Cost and Reserve [Line Items]
Restructuring and severance costs	500	600
Severance Costs
Restructuring Cost and Reserve [Line Items]
Restructuring and severance costs	$ 100	$ 300

Restructuring and Severance C_4

Restructuring and Severance Charges - Schedule of Restructuring Activity (Details) - USD ($) $ in Thousands	3 Months Ended
	Jan. 30, 2022	Jan. 31, 2021
Restructuring Reserve [Roll Forward]
Balance, beginning of year	$ 549
Charged to expense	591	$ 632
Cash payments	(904)
Ending Balance	$ 236

Segment Data - Sales and Segmen

Segment Data - Sales and Segment Operating Income (Loss) by Reportable Operating Segment (Details) - USD ($) $ in Thousands	3 Months Ended
	Jan. 30, 2022	Jan. 31, 2021
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
NET REVENUE	$ 226,928	$ 217,958
Cost of services	191,835	185,276
GROSS MARGIN	35,093	32,682
Selling, administrative and other operating costs	34,976	33,747
Restructuring and severance costs	591	632
Impairment charge	23	31
OPERATING LOSS	(497)	(1,728)
Other income (expense), net	(569)	(391)
Income tax provision	153	327
NET LOSS	(1,219)	(2,446)
Operating Segments | North American Staffing
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
NET REVENUE	191,196	184,216
Cost of services	163,145	157,636
GROSS MARGIN	28,051	26,580
Selling, administrative and other operating costs	21,409	20,646
Restructuring and severance costs	67	(241)
Impairment charge	0	0
OPERATING LOSS	6,575	6,175
Operating Segments | International Staffing
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
NET REVENUE	26,018	24,013
Cost of services	20,800	19,851
GROSS MARGIN	5,218	4,162
Selling, administrative and other operating costs	4,280	3,788
Restructuring and severance costs	70	(8)
Impairment charge	0	0
OPERATING LOSS	868	382
Operating Segments | North American MSP
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
NET REVENUE	9,709	9,669
Cost of services	7,921	7,784
GROSS MARGIN	1,788	1,885
Selling, administrative and other operating costs	815	1,353
Restructuring and severance costs	0	0
Impairment charge	0	0
OPERATING LOSS	973	532
Corporate and Other
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
NET REVENUE	78	119
Cost of services	42	64
GROSS MARGIN	36	55
Selling, administrative and other operating costs	8,472	7,960
Restructuring and severance costs	454	881
Impairment charge	23	31
OPERATING LOSS	(8,913)	(8,817)
Eliminations
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
NET REVENUE	(73)	(59)
Cost of services	(73)	(59)
GROSS MARGIN	0	0
Selling, administrative and other operating costs	0	0
Restructuring and severance costs	0	0
Impairment charge	0	0
OPERATING LOSS	$ 0	$ 0

Subsequent Events (Details)

Subsequent Events (Details) - Subsequent Event - Volt Information Sciences, Inc. - Vega Consulting, Inc.	Mar. 14, 2022$ / shares
Subsequent Event [Line Items]
Acquisition price per share (in USD per share)	$ 6
Purchase price premium (as a percent)	99.00%