Document_and_Entity_Informatio
Document and Entity Information (USD $) | 12 Months Ended | ||
Dec. 27, 2013 | Mar. 03, 2014 | Jun. 28, 2013 | |
Document and Entity Information [Abstract] | ' | ' | ' |
Entity Registrant Name | 'HACKETT GROUP, INC. | ' | ' |
Entity Central Index Key | '0001057379 | ' | ' |
Document Type | '10-K | ' | ' |
Document Period End Date | 27-Dec-13 | ' | ' |
Amendment Flag | 'false | ' | ' |
Document Fiscal Year Focus | '2013 | ' | ' |
Document Fiscal Period Focus | 'FY | ' | ' |
Current Fiscal Year End Date | '--12-27 | ' | ' |
Entity Filer Category | 'Accelerated Filer | ' | ' |
Entity Well-known Seasoned Issuer | 'No | ' | ' |
Entity Voluntary Filers | 'No | ' | ' |
Entity Current Reporting Status | 'Yes | ' | ' |
Entity Public Float | ' | ' | $119,864,041 |
Entity Common Stock, Shares Outstanding | ' | 30,621,887 | ' |
Consolidated_Balance_Sheets
Consolidated Balance Sheets (USD $) | Dec. 27, 2013 | Dec. 28, 2012 |
In Thousands, unless otherwise specified | ||
Current assets: | ' | ' |
Cash and cash equivalents | $18,199 | $16,906 |
Accounts receivable and unbilled revenue, net of allowance of $1,674 and $1,251 at December 27, 2013 and December 28, 2012, respectively | 34,011 | 36,869 |
Deferred tax asset, net | 5,130 | 4,741 |
Prepaid expenses and other current assets | 2,283 | 2,335 |
Total current assets | 59,623 | 60,851 |
Restricted cash | 354 | 683 |
Property and equipment, net | 13,019 | 12,859 |
Other assets | 1,039 | 1,598 |
Goodwill, net | 76,283 | 76,220 |
Non-current deferred tax asset, net | ' | 1,710 |
Total assets | 150,318 | 153,921 |
Current liabilities: | ' | ' |
Accounts payable | 8,080 | 7,711 |
Accrued expenses and other liabilities | 25,646 | 26,484 |
Current portion of long-term debt | ' | 2,895 |
Total current liabilities | 33,726 | 37,090 |
Non-current deferred tax liability, net | 4,387 | ' |
Long-term debt | 19,029 | 22,105 |
Total liabilities | 57,142 | 59,195 |
Commitments and contingencies | ' | ' |
Shareholders' equity: | ' | ' |
Preferred stock, $.001 par value, 1,250,000 shares authorized, none issued and outstanding | ' | ' |
Common stock, $.001 par value, 125,000,000 shares authorized; 52,143,103 and 52,235,764 shares issued and outstanding at December 27, 2013 and December 28, 2012, respectively | 52 | 52 |
Additional paid-in capital | 261,861 | 263,135 |
Treasury stock, at cost, 22,189,409 and 21,171,370 shares at December 27, 2013 and December 28, 2012, respectively | -80,406 | -74,444 |
Accumulated deficit | -83,880 | -89,513 |
Accumulated other comprehensive loss | -4,451 | -4,504 |
Total shareholders' equity | 93,176 | 94,726 |
Total liabilities and shareholders' equity | $150,318 | $153,921 |
Consolidated_Balance_Sheets_Pa
Consolidated Balance Sheets (Parenthetical) (USD $) | Dec. 27, 2013 | Dec. 28, 2012 |
In Thousands, except Share data, unless otherwise specified | ||
Consolidated Balance Sheets [Abstract] | ' | ' |
Accounts receivable and unbilled revenue, allowance | $1,674 | $1,251 |
Preferred stock, par value | $0.00 | $0.00 |
Preferred stock, shares authorized | 1,250,000 | 1,250,000 |
Preferred stock, shares issued | 0 | 0 |
Preferred stock, shares outstanding | 0 | 0 |
Common stock, par value | $0.00 | $0.00 |
Common stock, shares authorized | 125,000,000 | 125,000,000 |
Common stock, shares issued | 52,143,103 | 52,235,764 |
Common stock, shares outstanding | 52,143,103 | 52,235,764 |
Treasury stock, at cost, shares | 22,189,409 | 21,171,370 |
Consolidated_Statements_of_Ope
Consolidated Statements of Operations (USD $) | 12 Months Ended | ||
In Thousands, except Share data, unless otherwise specified | Dec. 27, 2013 | Dec. 28, 2012 | Dec. 30, 2011 |
Revenue: | ' | ' | ' |
Revenue before reimbursements | $200,391 | $199,749 | $186,676 |
Reimbursements | 23,439 | 22,987 | 22,387 |
Total revenue | 223,830 | 222,736 | 209,063 |
Cost of service: | ' | ' | ' |
Personnel costs before reimbursable expenses (includes $3,284, $2,990 and $2,838 of stock compensation expense in 2013, 2012 and 2011, respectively) | 130,456 | 125,912 | 115,719 |
Reimbursable expenses | 23,439 | 22,987 | 22,387 |
Total cost of service | 153,895 | 148,899 | 138,106 |
Selling, general and administrative costs (includes $2,803, $2,524 and $1,758 of stock compensation expense in 2013, 2012 and 2011, respectively) | 54,208 | 56,997 | 54,058 |
Restructuring benefit | ' | -211 | ' |
Total costs and operating expenses | 208,103 | 205,685 | 192,164 |
Operating income | 15,727 | 17,051 | 16,899 |
Other income (expense): | ' | ' | ' |
Interest income | 7 | 20 | 33 |
Interest expense | -472 | -630 | ' |
Income from continuing operations before income taxes | 15,262 | 16,441 | 16,932 |
Income tax expense (benefit) | 6,398 | -478 | -4,495 |
Income from continuing operations | 8,864 | 16,919 | 21,427 |
(Loss) income from discontinued operations | -135 | -222 | 342 |
Net income | $8,729 | $16,697 | $21,769 |
Basic net income (loss) per common share: | ' | ' | ' |
Income per common share from continuing operations | $0.29 | $0.54 | $0.54 |
(Loss) income per common share from discontinued operations | ' | ($0.01) | $0.01 |
Net income per common share | $0.29 | $0.53 | $0.55 |
Diluted net income (loss) per common share: | ' | ' | ' |
Income per common share from continuing operations | $0.28 | $0.51 | $0.51 |
(Loss) income per common share from discontinued operations | ($0.01) | ($0.01) | $0.01 |
Net income per common share | $0.27 | $0.50 | $0.52 |
Weighted average common shares outstanding: | ' | ' | ' |
Basic | 30,283,298 | 31,703,544 | 39,895,422 |
Diluted | 32,115,665 | 33,510,712 | 41,875,394 |
Consolidated_Statements_of_Ope1
Consolidated Statements of Operations (Parenthetical) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 27, 2013 | Dec. 28, 2012 | Dec. 30, 2011 |
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items] | ' | ' | ' |
Total share based compensation | $6,119 | $5,522 | $4,605 |
Cost of Sales [Member] | ' | ' | ' |
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items] | ' | ' | ' |
Total share based compensation | 3,284 | 2,990 | 2,838 |
Selling General and Administrative [Member] | ' | ' | ' |
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items] | ' | ' | ' |
Total share based compensation | $2,835 | $2,524 | $1,758 |
Consolidated_Statements_of_Com
Consolidated Statements of Comprehensive Income (USD $) | 3 Months Ended | 12 Months Ended | |||||||||||||
In Thousands, unless otherwise specified | Dec. 27, 2013 | Sep. 27, 2013 | Jun. 28, 2013 | Mar. 29, 2013 | Dec. 28, 2012 | Sep. 28, 2012 | Jun. 29, 2012 | Mar. 30, 2012 | Dec. 27, 2013 | Dec. 28, 2012 | Dec. 30, 2011 | ||||
Consolidated Statements of Comprehensive Income [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||
Net income | $1,206 | $2,635 | $2,930 | $1,958 | $6,683 | [1] | $2,636 | [1] | $3,845 | [1] | $3,533 | [1] | $8,729 | $16,697 | $21,769 |
Foreign currency translation adjustment | ' | ' | ' | ' | ' | ' | ' | ' | 53 | 938 | -411 | ||||
Total comprehensive income | ' | ' | ' | ' | ' | ' | ' | ' | $8,782 | $17,635 | $21,358 | ||||
[1] | The quarter ended DecemberB 28, 2012 included the benefit of the release of $6.7 million of deferred income tax asset valuation allowance. Quarterly basic and diluted net income per common share were computed independently for each quarter and do not necessarily total to the year to date basic and diluted net income per common share. |
Consolidated_Statements_of_Sha
Consolidated Statements of Shareholders' Equity (USD $) | Common Stock [Member] | Additional Paid-in Capital [Member] | Treasury Stock [Member] | Retained Earnings [Member] | Accumulated Other Comprehensive Income (Loss) [Member] | Total |
In Thousands, except Share data | ||||||
Balance at Dec. 31, 2010 | $60 | $308,598 | ($65,489) | ($124,898) | ($5,031) | $113,240 |
Balance, Shares at Dec. 31, 2010 | 60,099 | ' | -18,838 | ' | ' | ' |
Issuance of common stock | 1 | 763 | ' | ' | ' | 764 |
Issuance of common stock, Shares | 1,216 | ' | ' | ' | ' | ' |
Treasury stock purchased | ' | ' | -8,955 | ' | ' | -8,955 |
Treasury stock purchased, Shares | ' | ' | -2,333 | ' | ' | ' |
Issuance of restricted stock units, net of Cancellations | ' | -385 | ' | ' | ' | -385 |
Amortization of restricted stock units and common stock subject to vesting requirements | ' | 4,226 | ' | ' | ' | 4,226 |
Net income | ' | ' | ' | 21,769 | ' | 21,769 |
Foreign currency translation | ' | ' | ' | ' | -411 | -411 |
Total comprehensive income | ' | ' | ' | ' | ' | 21,358 |
Balance at Dec. 30, 2011 | 61 | 313,202 | -74,444 | -103,129 | -5,442 | 130,248 |
Ending Balance, Shares at Dec. 30, 2011 | 61,315 | ' | -21,171 | ' | ' | ' |
Issuance of common stock | 2 | 231 | ' | ' | ' | 233 |
Issuance of common stock, Shares | 1,921 | ' | ' | ' | ' | ' |
Common stock purchased through Tender Offer | -11 | -55,576 | ' | ' | ' | -55,587 |
Common stock purchased through Tender Offer, Shares | -11,000 | ' | ' | ' | ' | ' |
Amortization of restricted stock units and common stock subject to vesting requirements | ' | 5,278 | ' | ' | ' | 5,278 |
Dividend payment | ' | ' | ' | -3,081 | ' | -3,081 |
Net income | ' | ' | ' | 16,697 | ' | 16,697 |
Foreign currency translation | ' | ' | ' | ' | 938 | 938 |
Total comprehensive income | ' | ' | ' | ' | ' | 17,635 |
Balance at Dec. 28, 2012 | 52 | 263,135 | -74,444 | -89,513 | -4,504 | 94,726 |
Ending Balance, Shares at Dec. 28, 2012 | 52,236 | ' | -21,171 | ' | ' | ' |
Issuance of common stock | 1 | -95 | ' | ' | ' | -94 |
Issuance of common stock, Shares | 890 | ' | ' | ' | ' | ' |
Common stock purchased through Tender Offer | -1 | -7,169 | ' | ' | ' | -7,170 |
Common stock purchased through Tender Offer, Shares | -983 | ' | ' | ' | ' | ' |
Treasury stock purchased | ' | ' | -5,962 | ' | ' | -5,962 |
Treasury stock purchased, Shares | ' | ' | -1,018 | ' | ' | -22,200,000 |
Amortization of restricted stock units and common stock subject to vesting requirements | ' | 5,990 | ' | ' | ' | 5,990 |
Dividend payment | ' | ' | ' | -3,096 | ' | -3,096 |
Net income | ' | ' | ' | 8,729 | ' | 8,729 |
Foreign currency translation | ' | ' | ' | ' | 53 | 53 |
Total comprehensive income | ' | ' | ' | ' | ' | 8,782 |
Balance at Dec. 27, 2013 | $52 | $261,861 | ($80,406) | ($83,880) | ($4,451) | $93,176 |
Ending Balance, Shares at Dec. 27, 2013 | 52,143 | ' | -22,189 | ' | ' | ' |
Consolidated_Statements_of_Cas
Consolidated Statements of Cash Flows (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 27, 2013 | Dec. 28, 2012 | Dec. 30, 2011 |
Cash flows from operating activities: | ' | ' | ' |
Net income | $8,729 | $16,697 | $21,769 |
Adjustments to reconcile net income to net cash provided by operating activities: | ' | ' | ' |
Depreciation expense | 1,883 | 2,080 | 2,014 |
Amortization expense | 602 | 547 | 811 |
Amortization of debt issuance costs | 96 | 82 | ' |
Provision (reversal) for doubtful accounts | 742 | 657 | -619 |
(Gain) loss on foreign currency transaction | -4 | 187 | 323 |
Non-cash stock compensation expense | 6,119 | 5,522 | 4,605 |
Deferred income tax expense (benefit) | 5,705 | -1,191 | -5,257 |
Changes in assets and liabilities: | ' | ' | ' |
Decrease (increase) in accounts receivable and unbilled revenue | 1,841 | -2,317 | -3,010 |
Decrease in prepaid expenses and other assets | 514 | 95 | 301 |
Increase in accounts payable | 369 | 278 | 1,843 |
Decrease in accrued expenses and other liabilities | -2,337 | -2,285 | -2,465 |
Net cash provided by operating activities | 24,259 | 20,352 | 20,315 |
Cash flows from investing activities: | ' | ' | ' |
Purchases of property and equipment | -2,068 | -3,252 | -4,939 |
Decrease in restricted cash | 329 | 202 | 724 |
Net cash used in investing activities | -1,739 | -3,050 | -4,215 |
Cash flows from financing activities: | ' | ' | ' |
Debt proceeds | 11,002 | 40,000 | ' |
Payment of debt proceeds | -16,974 | -15,000 | ' |
Debt issuance costs | -129 | -482 | ' |
Dividends paid | -3,096 | -3,081 | ' |
Proceeds from issuance of common stock | 1,080 | 752 | 316 |
Repurchases of common stock | -13,132 | -55,587 | -8,955 |
Net cash used in financing activities | -21,249 | -33,398 | -8,639 |
Effect of exchange rate on cash | 22 | 66 | 138 |
Net increase (decrease) in cash and cash equivalents | 1,293 | -16,030 | 7,599 |
Cash and cash equivalents at beginning of year | 16,906 | 32,936 | 25,337 |
Cash and cash equivalents at end of year | 18,199 | 16,906 | 32,936 |
Supplemental disclosure of cash flow information: | ' | ' | ' |
Cash (refunded) paid for income taxes | 357 | 230 | -318 |
Cash paid for interest | $338 | $547 | ' |
Basis_of_Presentation_and_Gene
Basis of Presentation and General Information | 12 Months Ended | |||||||||||
Dec. 27, 2013 | ||||||||||||
Basis Of Presentation And General Information [Abstract] | ' | |||||||||||
Basis Of Presentation And General Information | ' | |||||||||||
1. Basis of Presentation and General Information | ||||||||||||
Nature of Business | ||||||||||||
The Hackett Group, Inc. (“Hackett,” or the “Company”) is a leading strategic advisory and technology consulting firm that enables companies to achieve world-class business performance. Hackett’s combined capabilities include business advisory programs, benchmarking, business transformation, working capital management and technology solutions, with corresponding offshore support. | ||||||||||||
Basis of Presentation and Consolidation | ||||||||||||
The accompanying consolidated financial statements include the Company’s accounts and those of its wholly-owned subsidiaries which the Company is required to consolidate. The Company consolidates the assets, liabilities, and results of operations of its entities. | ||||||||||||
Fiscal Year | ||||||||||||
The Company’s fiscal year generally consists of a 52-week period and periodically consists of a 53-week period as each fiscal year ends on the Friday closest to December 31. Fiscal years 2013, 2012, and 2011 ended on December 27, 2013, December, 28, 2012, and December 30, 2011, respectively. References to a year included in the consolidated financial statements refer to a fiscal year rather than a calendar year. | ||||||||||||
Cash and Cash Equivalents and Restricted Cash | ||||||||||||
The Company considers all short-term investments with maturities of three months or less to be cash equivalents. Due to the short maturity period of cash equivalents, the carrying amount of these instruments approximates fair market value. The Company places its temporary cash investments with high credit quality financial institutions. At times, such investments may be in excess of the F.D.I.C. insurance limits. The Company has not experienced any loss to date on these investments. All of the Company’s non-interest bearing cash balances were fully insured at December 28, 2012 due to a temporary federal program in effect from December 31, 2010 through December 31, 2012. Under the program, there is no limit to the amount of insurance for eligible accounts. Beginning in 2013, insurance coverage will revert to $250,000 per depositor at each financial institution, and our non-interest bearing cash balances may again exceed federally insured limits. | ||||||||||||
Restricted cash in 2013 and 2012 related to future employee compensation agreements. | ||||||||||||
Allowance for Doubtful Accounts | ||||||||||||
The Company maintains allowances for doubtful accounts for estimated losses resulting from its clients not making required payments. Management makes estimates of the collectability of accounts receivables. Management also critically reviews accounts receivables and analyzes historical bad debts, past-due accounts, client credit-worthiness and current economic trends when evaluating the adequacy of the allowance for doubtful accounts. | ||||||||||||
Dividends | ||||||||||||
In December of 2012, the Company’s Board of Directors approved the initiation of an annual cash dividend program in the amount of $0.10 per share. The Company’s dividend policy is reviewed periodically by the Board of Directors. The amount and timing of all dividend payments is subject to the discretion of the Board of Directors and will depend upon business conditions, results of operations, financial conditions and other factors. | ||||||||||||
Property and Equipment, Net | ||||||||||||
Property and equipment are recorded at cost. Depreciation is calculated to amortize the depreciable assets over their useful lives using the straight-line method and commences when the asset is placed in service. The range of estimated useful lives is three to seven years. Leasehold improvements are amortized on a straight-line basis over the term of the lease or the estimated useful life of the improvement, whichever is shorter. Expenditures for repairs and maintenance are charged to expense as incurred. Expenditures for betterments and major improvements are capitalized. The carrying amount of assets sold or retired and related accumulated depreciation are removed from the balance sheet in the year of disposal and any resulting gains or losses are included in the consolidated statements of operations. | ||||||||||||
The Company capitalizes the costs of internal-use software, which generally includes hardware, software, and payroll-related costs for employees who are directly associated with, and who devote time, to the development of internal-use computer software | ||||||||||||
Long-Lived Assets (excluding Goodwill and Other Intangible Assets) | ||||||||||||
Long-lived assets are reviewed for impairment whenever events or circumstances indicate that the carrying amount of an asset may not be fully recoverable. If an evaluation is required, the estimated future undiscounted cash flows associated with the asset are compared to the asset’s carrying amount to determine if there has been an impairment. The amount of an impairment is calculated as the difference between the fair value of the asset and its carrying value. Estimates of future undiscounted cash flows are based on management’s view of growth rates for the related business, anticipated future economic conditions and estimates of residual values. | ||||||||||||
Goodwill and Other Intangible Assets | ||||||||||||
Goodwill and intangible assets deemed to have indefinite lives are not amortized, but rather are tested for impairment on an annual basis, or more frequently if events or changes in circumstances indicate potential impairment. Finite-lived intangible assets are amortized over their useful lives. The excess cost of the acquisition over the fair value of the net assets acquired is recorded as goodwill. | ||||||||||||
Goodwill is tested at least annually for impairment at the reporting unit level utilizing the market approach. The reporting units consist of The Hackett Group (including Benchmarking, Business Transformation, Business Transformation Enterprise Performance Management (“EPM”), Strategy and Operations and Executive Advisory Programs) and Hackett Technology Solutions (including SAP ERP, Oracle ERP and Oracle EPM). In assessing the recoverability of goodwill and intangible assets, the Company utilizes the market approach and makes estimates based on assumptions regarding various factors to determine if impairment tests are met. The market approach utilizes valuation multiples based on operating data from publicly traded companies within the same industry. Multiples derived from guideline companies provide an indication of how much a knowledgeable investor in the marketplace would be willing to pay for a company. These multiples are then applied to the Company’s reporting units to arrive at an indication of value. This approach contains management’s judgment, using appropriate and customary assumptions available at the time. | ||||||||||||
During the year ended December 27, 2013, the Company exited its Oracle ERP implementation business practice and as a result allocated $0.2 million of related goodwill to this transaction. The Oracle ERP implementation business is separate and distinct from the Company's Oracle EPM business. | ||||||||||||
All of the Company's intangible assets as of December 27, 2013, are expected to be fully amortized by the end of 2014. The estimated future amortization expense of intangible assets as of December 27, 2013 is $0.4 million. | ||||||||||||
The Company performed its annual impairment test of goodwill in the fourth quarter of fiscal years 2013 and 2012 and determined that goodwill was not impaired. The carrying amount and activity of goodwill attributable to The Hackett Group and Hackett Technology Solutions was as follows (in thousands): | ||||||||||||
Hackett | ||||||||||||
The Hackett | Technology | |||||||||||
Group | Solutions | Total | ||||||||||
Balance at December 30, 2011 | $ 44,225 | $ 31,333 | $ 75,558 | |||||||||
Foreign currency translation adjustment | 662 | - | 662 | |||||||||
Balance at December 28, 2012 | 44,887 | 31,333 | 76,220 | |||||||||
Allocation of goodwill related to discontinued operations | - | -199 | -199 | |||||||||
Foreign currency translation adjustment | 262 | - | 262 | |||||||||
Balance at December 27, 2013 | $ 45,149 | $ 31,134 | $ 76,283 | |||||||||
Other intangible assets are tested for potential impairment whenever events or changes in circumstances suggest that the carrying value of an asset may not be fully recoverable. If an evaluation is required, the estimated future undiscounted cash flows associated with the asset are compared to the asset’s carrying amount to determine if there has been an impairment. The amount of an impairment is calculated as the difference between the fair value of the asset and its carrying value. Estimates of future undiscounted cash flows are based on management’s view of growth rates for the related business, anticipated future economic conditions and estimates of residual values. Other intangible assets arise from business combinations and consist of customer relationships, customer backlog and trademarks that are amortized on a straight-line or accelerated basis over periods of up to five years. | ||||||||||||
Other intangible assets, included in other assets in the accompanying consolidated balance sheets, consist of the following (in thousands): | ||||||||||||
27-Dec-13 | 28-Dec-12 | |||||||||||
Gross carrying amount | $ 14,699 | $ 14,699 | ||||||||||
Accumulated amortization | -14,260 | -13,658 | ||||||||||
Foreign currency translation adjustment | 6 | -4 | ||||||||||
$ 445 | $ 1,037 | |||||||||||
Revenue Recognition | ||||||||||||
Revenue is principally derived from fees for services generated on a project-by-project basis. Revenue for services rendered is recognized on a time and materials basis or on a fixed-fee or capped-fee basis. | ||||||||||||
Revenue for time and materials contracts is recognized based on the number of hours worked by our consultants at an agreed upon rate per hour and is recognized in the period in which services are performed. | ||||||||||||
Revenue related to fixed-fee or capped-fee contracts is recognized on the proportional performance method of accounting based on the ratio of labor hours incurred to estimated total labor hours. This percentage is multiplied by the contracted dollar amount of the project to determine the amount of revenue to recognize in an accounting period. The contracted dollar amount used in this calculation excludes the amount the client pays for reimbursable expenses. There are situations where the number of hours to complete projects may exceed the original estimate. These increases can be as a result of an increase in project scope, unforeseen events that arise, or the inability of the client or the delivery team to fulfill their responsibilities. On an on-going basis, project delivery, Office of Risk Management and finance personnel review hours incurred and estimated total labor hours to complete projects. Any revisions in these estimates are reflected in the period in which they become known. If the Company estimates indicate that a contract loss will occur, a loss provision will be recorded in the period in which the loss first becomes probable and reasonably estimable. Contract losses are determined to be the amount by which the estimated direct costs of the contract exceed the estimated total revenue that will be generated by the contract and are included in total cost of service. | ||||||||||||
Revenue from advisory services is recognized ratably over the life of the agreements. | ||||||||||||
Revenue for contracts with multiple elements is allocated based on the selling price of the elements and is recognized in accordance with Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) 605-25, Multiple-Deliverable Revenue Arrangements, a consensus of the FASB Emerging Issues Task Force. | ||||||||||||
Additionally, the Company earns revenue from the resale of software licenses and maintenance contracts. Revenue for the resale software and software licenses is recognized upon contract execution and customer receipt of software. Revenue from maintenance contracts is recognized ratably over the life of the agreements. | ||||||||||||
Unbilled revenue represents revenue for services performed that have not been invoiced. If the Company does not accurately estimate the scope of the work to be performed, or does not manage its projects properly within the planned periods of time, or does not meet clients expectations under the contracts, then future consulting margins may be negatively affected or losses on existing contracts may need to be recognized. Any such reductions in margins or contract losses could be material to the Company’s results of operations. | ||||||||||||
Sales tax collected from customers and remitted to the applicable taxing authorities is accounted for on a net basis, with no impact on revenue. | ||||||||||||
Revenue before reimbursements excludes reimbursable expenses charged to clients. Reimbursements, which include travel and out-of-pocket expenses, are included in revenue, and an equivalent amount of reimbursable expenses is included in cost of service. | ||||||||||||
The agreements entered into in connection with a project, whether time and materials based or fixed-fee or capped-fee based, typically allow clients to terminate early due to breach or for convenience with 30 days’ notice. In the event of termination, the client is contractually required to pay for all time, materials and expenses incurred by the Company through the effective date of the termination. In addition, from time to time the Company enters into agreements with its clients that limit its right to enter into business relationships with specific competitors of that client for a specific time period. These provisions typically prohibit the Company from performing a defined range of services which it might otherwise be willing to perform for potential clients. These provisions are generally limited to six to twelve months and usually apply only to specific employees or the specific project team. | ||||||||||||
Stock Based Compensation | ||||||||||||
The Company recognizes compensation expense for awards of equity instruments to employees based on the grant-date fair value of those awards, with limited exceptions, over the requisite service period. | ||||||||||||
Income Taxes | ||||||||||||
Income taxes are accounted for in accordance with FASB ASC Topic 740, Income Taxes (“ASC 740”). Under ASC 740, deferred tax assets and liabilities are determined based on differences between the financial reporting carrying values and tax bases of assets and liabilities, and are measured by using enacted tax rates expected to apply to taxable income in the years in which those differences are expected to reverse. Deferred income taxes also reflect the impact of certain state operating loss and tax credit carryforwards. A valuation allowance is provided if the Company believes it is more likely than not that all or some portion of the deferred tax asset will not be realized. An increase or decrease in the valuation allowance, if any, that results from a change in circumstances, and which causes a change in the Company’s judgment about the realizability of the related deferred tax asset, is included in the tax provision. | ||||||||||||
In accordance with FASB ASC Topic 740-10, Accounting for Uncertainty in Income Taxes (“ASC 740-10”), the Company adopted a more-likely-than-not threshold for financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. This interpretation also provides guidance on de-recognition of income tax assets and liabilities, classification of current and deferred income tax assets and liabilities, accounting for interest and penalties associated with tax positions, accounting for income taxes in interim periods and income tax disclosures. The Company reports penalties and tax-related interest expense as a component of income tax expense. | ||||||||||||
Net Income per Common Share | ||||||||||||
Basic net income per common share is computed by dividing net income by the weighted average number of common shares outstanding during the period. With regard to common stock subject to vesting requirements and restricted stock units issued to employees, the calculation includes only the vested portion of such stock. | ||||||||||||
The potential issuance of common shares upon the exercise, conversion or vesting of unvested restricted stock units, common stock subject to vesting, stock options and stock appreciation right units ("SARs"), as calculated under the treasury stock method, may be dilutive. Diluted net income per share is computed by dividing the net income by the weighted average number of common shares outstanding, and will increase by the assumed conversion of other potentially dilutive securities during the period. | ||||||||||||
The following table reconciles basic and diluted weighted average shares: | ||||||||||||
Year Ended | ||||||||||||
27-Dec-13 | 28-Dec-12 | 30-Dec-11 | ||||||||||
Basic weighted average common shares outstanding | 30,283,298 | 31,703,544 | 39,895,422 | |||||||||
Effect of dilutive securities: | ||||||||||||
Unvested restricted stock units and common stock subject | ||||||||||||
to vesting requirements issued to employees | 1,809,565 | 1,765,351 | 1,919,151 | |||||||||
Common stock issuable upon the exercise of stock options | 22,802 | 41,817 | 60,821 | |||||||||
Dilutive weighted average common shares outstanding | 32,115,665 | 33,510,712 | 41,875,394 | |||||||||
There were 0.8 million, 3.9 million, and 0.9 million shares of awards granted excluded from the above reconciliation for the years ended 2013, 2012, and 2011, respectively, as their inclusion would have had an anti-dilutive effect on diluted net income per share. The decrease in the 2013 and increase in 2012 of anti-dilutive shares is due to the issuance of performance-based options granted during the quarter ended March 30, 2012, which were surrendered and replaced with SARs in 2013. See Note 11 for further detail. | ||||||||||||
Fair Value of Financial Instruments | ||||||||||||
The Company’s financial instruments consist of cash and cash equivalents, restricted cash, accounts receivable and unbilled revenue, accounts payable, accrued expenses and other liabilities and debt. As of December 27, 2013 and December 28, 2012, the carrying amount of each financial instrument, with the exception of debt, approximated the instrument’s fair value due to the short-term nature and maturity of these instruments. | ||||||||||||
The Company uses significant other observable market data or assumptions (Level 2 inputs as defined in accounting guidance) that it believes market participants would use in pricing debt. The fair value of the debt approximated its carrying amount using Level 2 inputs, due to the short-term variable interest rates based on market rates utilizing the market approach. | ||||||||||||
Concentration of Credit Risk | ||||||||||||
The Company provides services primarily to Global 2000 companies and other sophisticated buyers of business consulting and information technology services. The Company performs ongoing credit evaluations of its major customers and maintains reserves for potential credit losses. In 2013, 2012 and 2011 no customer accounted for more than 5% of total revenue. | ||||||||||||
Management’s Estimates | ||||||||||||
The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities as of the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates. | ||||||||||||
Other Comprehensive Income | ||||||||||||
The Company reports its comprehensive income in accordance with FASB ASC Topic 220, Comprehensive Income, which establishes standards for reporting and presenting comprehensive income and its components in a full set of financial statements. Other comprehensive income consists of net income and cumulative currency translation adjustments. | ||||||||||||
Translation of Non-U.S. Currency Amounts | ||||||||||||
The assets and liabilities held by the Company’s foreign entities that have a functional currency other than the U.S. Dollar are translated into U.S. Dollars at exchange rates in effect at the end of each reporting period. Foreign entity revenue and expenses are translated into U.S. Dollars at the average rates that prevailed during the period. The resulting net translation gains and losses are reported as foreign currency translation adjustments in shareholders’ equity as a component of accumulated other comprehensive income. Gains and losses from foreign currency transactions are included in net income. | ||||||||||||
Segment Reporting | ||||||||||||
The Company engages in business activities in one operating segment, which provides business and technology consulting services. | ||||||||||||
Recent Accounting Pronouncements | ||||||||||||
In March 2013, the FASB issued guidance on a parent company’s accounting for the cumulative translation adjustment upon de-recognition of certain subsidiaries or groups of assets within a foreign entity or of an investment in a foreign entity, which amends current accounting guidance on foreign currency matters. This guidance requires that the entire amount of a cumulative translation adjustment related to an entity’s investment in a foreign entity be released when there has been a: (i) sale of a subsidiary or group of net assets within a foreign entity and the sale represents the substantially complete liquidation of the investment in the foreign entity, (ii) loss of a controlling financial interest in an investment in a foreign entity, and (iii) step acquisition for a foreign entity. This guidance will be effective for the Company beginning in the first quarter of 2014. The Company does not expect the adoption to have a material impact on its consolidated financial statements. | ||||||||||||
In July 2013, the FASB issued guidance for the financial statement presentation of an unrecognized tax benefit when a net operating loss carryforward, a similar tax loss, or a tax credit carryforward exists. This guidance will be effective for the Company beginning in the first quarter of 2014. The Company does not expect the adoption to have a material impact on its consolidated financial statements. | ||||||||||||
Reclassifications | ||||||||||||
Certain prior period amounts in the consolidated financial statements, and notes thereto, have been reclassified to conform to current period presentation. | ||||||||||||
Fair_Value_Measurement
Fair Value Measurement | 12 Months Ended |
Dec. 27, 2013 | |
Fair Value Measurement [Abstract] | ' |
Fair Value Measurement | ' |
2. Fair Value Measurement | |
The Company records its assets and liabilities in accordance with FASB ASC Topic 820, Fair Value Measurements and Disclosures (“ASC 820”). ASC 820 defines fair value as the exchange price that would be received for an asset or paid to transfer a liability (exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. ASC 820 also establishes a fair value hierarchy which requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. ASC 820 describes the following three levels of inputs that may be used to measure fair value: | |
Level 1: Quoted market prices in active markets for identical assets or liabilities | |
Level 2: Observable market-based inputs or unobservable inputs that are corroborated by market data | |
Level 3: Unobservable inputs that are not corroborated by market data | |
As of December 27, 2013 and December 28, 2012, the carrying value of cash and cash equivalents, restricted cash, accounts receivable and unbilled revenue, accounts payable, leases and accrued expenses and other liabilities, with the exception of debt, approximated the respective fair value due to the short-term nature and maturity of these instruments. | |
Accounts_Receivable_And_Unbill
Accounts Receivable And Unbilled Revenue, Net | 12 Months Ended | |||||||
Dec. 27, 2013 | ||||||||
Accounts Receivable And Unbilled Revenue, Net [Abstract] | ' | |||||||
Accounts Receivable And Unbilled Revenue, Net | ' | |||||||
3. Accounts Receivable and Unbilled Revenue, Net | ||||||||
Accounts receivable and unbilled revenue, net, consists of the following (in thousands): | ||||||||
December 27, | December 28, | |||||||
2013 | 2012 | |||||||
Accounts receivable | $ 27,147 | $ 31,260 | ||||||
Unbilled revenue | 8,538 | 6,860 | ||||||
Allowance for doubtful accounts | -1,674 | -1,251 | ||||||
$ 34,011 | $ 36,869 | |||||||
Accounts receivable as of December 27, 2013 and December 28, 2012, is net of uncollected advanced billings. Unbilled revenue as of December 27, 2013 and December 28, 2012 includes recognized recoverable costs and accrued profits on contracts for which billings had not been presented to clients. | ||||||||
Property_And_Equipment_Net
Property And Equipment, Net | 12 Months Ended | |||||||
Dec. 27, 2013 | ||||||||
Property and Equipment, net [Abstract] | ' | |||||||
Property And Equipment, Net | ' | |||||||
4. Property and Equipment, net | ||||||||
Property and equipment, net, consists of the following (in thousands): | ||||||||
December 27, | December 28, | |||||||
2013 | 2012 | |||||||
Equipment | $ 4,814 | $ 4,881 | ||||||
Software | 19,815 | 17,834 | ||||||
Leasehold improvements | 518 | 546 | ||||||
Furniture and fixtures | 609 | 615 | ||||||
Automobile | - | 22 | ||||||
25,756 | 23,898 | |||||||
Less accumulated depreciation | -12,737 | -11,039 | ||||||
$ 13,019 | $ 12,859 | |||||||
Depreciation expense for the years ended December 27, 2013, December 28, 2012, and December 30, 2011 was $1.9 million, $2.1 million, and $2.0 million, respectively, and is included in selling, general and administrative costs in the accompanying consolidated statements of operations. | ||||||||
Restricted_Cash
Restricted Cash | 12 Months Ended |
Dec. 27, 2013 | |
Restricted Cash [Abstract] | ' |
Restricted Cash | ' |
5. Restricted Cash | |
As of December 27, 2013 and December 28, 2012, the Company had $0.4 million and $0.7 million, respectively, on deposit with financial institutions that served as collateral for amounts related to certain employee compensation agreements. | |
Accrued_Expenses_And_Other_Lia
Accrued Expenses And Other Liabilities | 12 Months Ended | |||||||
Dec. 27, 2013 | ||||||||
Accrued Expenses And Other Liabilities [Abstract] | ' | |||||||
Accrued Expenses And Other Liabilities | ' | |||||||
6. Accrued Expenses and Other Liabilities | ||||||||
Accrued expenses and other liabilities consist of the following (in thousands): | ||||||||
December 27, | December 28, | |||||||
2013 | 2012 | |||||||
Accrued compensation and benefits | $ 5,163 | $ 5,559 | ||||||
Accrued bonuses | 5,899 | 6,113 | ||||||
Accrued restructuring related expenses | 134 | 246 | ||||||
Deferred revenue | 8,345 | 7,684 | ||||||
Accrued sales, use, franchise and VAT tax | 1,393 | 2,271 | ||||||
Other accrued expenses | 4,712 | 4,611 | ||||||
Total accrued expenses and other liabilities | $ 25,646 | $ 26,484 | ||||||
Lease_Commitments
Lease Commitments | 12 Months Ended | |||||
Dec. 27, 2013 | ||||||
Lease Commitments [Abstract] | ' | |||||
Lease Commitments | ' | |||||
7. Lease Commitments | ||||||
The Company has operating lease agreements for its premises that expire on various dates through January 2018. Rent expense, net of subleases, for the years ended December 27, 2013, December 28, 2012 and December 30, 2011 was $1.9 million, $2.1 million, and $2.2 million, respectively. | ||||||
Future minimum lease commitments under non-cancelable operating leases as of December 27, 2013 are as follows (in thousands): | ||||||
Rental | ||||||
Payments | ||||||
2014 | $ 1,624 | |||||
2015 | 1,351 | |||||
2016 | 958 | |||||
2017 | 257 | |||||
2018 | 8 | |||||
Total | $ 4,198 | |||||
Restructuring_Costs
Restructuring Costs | 12 Months Ended | ||||||
Dec. 27, 2013 | |||||||
Restructuring Costs [Abstract] | ' | ||||||
Restructuring Costs | ' | ||||||
8. Restructuring Costs | |||||||
As of December 27, 2013, the remaining restructuring reserves related to early vendor termination fees. As of December 28, 2012, the remaining restructuring reserves related to the partial restructuring of the San Francisco office and early vendor termination fees. | |||||||
As of December 28, 2012, the Company no longer had any restructuring commitments relating to acquisition integration activities and reversed the existing accrued facilities restructuring liability of $0.2 million and recorded a corresponding facilities restructuring benefit on the Consolidated Statements of Operations. | |||||||
The following tables set forth the detail and activity in the restructuring expense accruals (in thousands): | |||||||
Severance and Other Employee Costs | Exit, Closure and Consolidation of Facilities | Total | |||||
Accrual balance at December 30, 2011 | $ - | $ 603 | $ 603 | ||||
2012 Expenditures | - | -146 | -146 | ||||
2012 Benefit | - | -211 | -211 | ||||
Accrual balance at December 28, 2012 | - | 246 | 246 | ||||
2013 Expenditures | - | -112 | -112 | ||||
Accrual balance at December 27, 2013 | $ - | $ 134 | $ 134 | ||||
Credit_Facility
Credit Facility | 12 Months Ended | |||||
Dec. 27, 2013 | ||||||
Credit Facility [Abstract] | ' | |||||
Credit Facility | ' | |||||
9. Credit Facility | ||||||
On February 21, 2012, the Company entered into a Credit Facility with Bank of America, N.A. Under the Credit Facility, Bank of America, N.A. agreed to lend the Company up to $20.0 million pursuant to a revolving line of credit (the “Revolver”) and up to $30.0 million pursuant to a term loan (the “Term Loan,” and together with the Revolver, the “Credit Facility”). | ||||||
On August 27, 2013, the Company amended and restated the credit agreement (the "Credit Agreement") with Bank of America to finance a tender offer for shares of its common stock completed in October 2013. See Note 11 for further detail. The Credit Agreement was amended and restated to: | ||||||
· | provide for up to additional $17.0 million of borrowing under the Term Loan (the "Amended Term Loan" and together with the Revolver, the "Amended Credit Facility") and | |||||
· | extend the maturity date on the Revolver and the Amended Term Loan to August 27, 2018, five years from the date of the amendment and restatement of the Credit Agreement. | |||||
As of December 27, 2013, the Company had $19.0 million principal amount outstanding on the Amended Term Loan and a zero balance outstanding on the Revolver. As of December 28, 2012, the Company had $25.0 million principal amount outstanding on the Amended Term Loan and a zero balance outstanding on the Revolver. | ||||||
The obligations of the Company under the Credit Facility are guaranteed by active existing and future material U.S. subsidiaries of the Company and are secured by substantially all of the existing and future property and assets of the Company (subject to certain exceptions). | ||||||
The interest rates per annum applicable to loans under the Amended Credit Facility will be at the Company’s option, equal to either a base rate or a LIBOR base rate, plus an applicable margin percentage. As of December 27, 2013, the interest rate per annum was 1.67%. The applicable margin percentage is based on the consolidated leverage ratio. As of December 27, 2013, the applicable margin percentage was 1.50% per annum based on the consolidated leverage ratio, in the case of LIBOR rate advances, and 0.75% per annum, in the case of base rate advances. | ||||||
The Company is subject to certain covenants and exceptions, including total consolidated leverage, fixed cost coverage and liquidity requirements. | ||||||
In connection with the Credit Facility, the Company incurred $0.6 million of debt issuance costs. These costs are amortized over the remaining life of the Credit Facility and are included in Other Assets in the consolidated balance sheet. | ||||||
The Revolver matures on August 27, 2018, whereas the Amended Term Loan requires amortization of principal in equal quarterly payment installments from December 31, 2013 through August 27, 2018. As of December 27, 2013, the Company had prepaid $7.0 million of the Amended Term Loan mandatory principal amortization and had received $4.0 million of proceeds from the Amended Term Loan with no mandatory principal amortization. The future schedule of annual amortization of principal is as follows (in thousands): | ||||||
Principal Amortization | ||||||
Payments | ||||||
2014 | $ - | |||||
2015 | 2,913 | |||||
2016 | 3,304 | |||||
2017 | 4,406 | |||||
2018 | 8,406 | |||||
Total | $ 19,029 | |||||
Income_Taxes
Income Taxes | 12 Months Ended | |||||||||||||
Dec. 27, 2013 | ||||||||||||||
Income Taxes [Abstract] | ' | |||||||||||||
Income Taxes | ' | |||||||||||||
10. Income Taxes | ||||||||||||||
The Company files federal income tax returns, as well as multiple state, local and foreign jurisdiction tax returns. A number of years may elapse before an uncertain tax position is audited and finally resolved. While it is often difficult to predict the final outcome or the timing of resolution on any particular uncertain tax position, the Company believes that its reserves for income taxes reflect the most probable outcome. The Company adjusts these reserves, as well as the related interest, in light of changing facts and circumstances. The resolution of a matter would be recognized as an adjustment to the provision for income taxes and the effective tax rate in the period of resolution. The Company is no longer subject to examinations of its federal income tax returns by the Internal Revenue Service for years through 2009 and all significant state, local and foreign matters have been concluded for years | ||||||||||||||
through 2009. | ||||||||||||||
The components of income before income taxes are as follows (in thousands): | ||||||||||||||
Year Ended | ||||||||||||||
27-Dec-13 | 28-Dec-12 | 30-Dec-11 | ||||||||||||
Domestic | $ 15,823 | $ 15,269 | $ 15,999 | |||||||||||
Foreign | -696 | 950 | 1,275 | |||||||||||
Income before income taxes | $ 15,127 | $ 16,219 | $ 17,274 | |||||||||||
The components of income tax expense (benefit) are as follows (in thousands): | ||||||||||||||
Year Ended | ||||||||||||||
27-Dec-13 | 28-Dec-12 | 30-Dec-11 | ||||||||||||
Current tax expense (benefit) | ||||||||||||||
Federal | $ 10 | $ (314) | $ 32 | |||||||||||
State | 530 | 961 | 484 | |||||||||||
Foreign | 103 | 66 | 246 | |||||||||||
643 | 713 | 762 | ||||||||||||
Deferred tax expense (benefit) | ||||||||||||||
Federal | 6,450 | 4,532 | -5,257 | |||||||||||
State | 394 | -3,587 | - | |||||||||||
Foreign | -1,089 | -2,136 | - | |||||||||||
5,755 | -1,191 | -5,257 | ||||||||||||
Income tax expense (benefit) | $ 6,398 | $ (478) | $ (4,495) | |||||||||||
The income tax benefits in 2012 and 2011 included the release of valuation allowance of $6.7 million and $5.3 million, respectively. | ||||||||||||||
A reconciliation of the federal statutory tax rate with the effective tax rate is as follows: | ||||||||||||||
Year Ended | ||||||||||||||
27-Dec-13 | 28-Dec-12 | 30-Dec-11 | ||||||||||||
U.S statutory income tax expense rate | 35.0 | % | 35.0 | % | 35.0 | % | ||||||||
State income taxes, net of federal income tax expense | 4.0 | 8.0 | 1.8 | |||||||||||
Valuation reduction | -0.5 | -47.7 | -69.3 | |||||||||||
Meals and entertainment | 1.7 | 1.5 | 1.3 | |||||||||||
Foreign exchange loss | 0.4 | 0.1 | 0.9 | |||||||||||
Other, net | 1.7 | 0.1 | 4.3 | |||||||||||
Effective tax rate | 42.3 | % | -3 | % | -26 | % | ||||||||
The components of the net deferred income tax asset (liability) are as follows (in thousands): | ||||||||||||||
Year Ended | ||||||||||||||
27-Dec-13 | 28-Dec-12 | |||||||||||||
Deferred income tax assets: | ||||||||||||||
Allowance for doubtful accounts | $ 661 | $ 521 | ||||||||||||
Net operating loss and tax credits carryforward | 12,855 | 18,423 | ||||||||||||
Accrued expenses and other liabilities | 3,967 | 2,759 | ||||||||||||
17,483 | 21,703 | |||||||||||||
Valuation allowance | -1,569 | -1,624 | ||||||||||||
15,914 | 20,079 | |||||||||||||
Deferred income tax liabilities: | ||||||||||||||
Depreciation and amortization | -4,614 | -4,153 | ||||||||||||
Tax over book amortization on goodwill | -10,546 | -9,470 | ||||||||||||
Other items | -11 | -5 | ||||||||||||
-15,171 | -13,628 | |||||||||||||
Net deferred income tax asset (liability) | $ 743 | $ 6,451 | ||||||||||||
As of December 27, 2013, the Company had $16.5 million of U.S. federal net operating loss carryforwards available for tax purposes, primarily resulting from a worthless stock deduction taken in 2002, most of which will expire by 2022 if not utilized. As of December 27, 2013, the Company had $3.1 million of U.S. state net operating loss carryforwards. Additionally, at December 27,2013, the Company had $20.2 million of foreign net operating loss carryforwards, of which $15.2 million related to operations in the U.K., $1.4 million related to operations in France and $0.7 million related to operations in Germany. A significant amount of the foreign net operating losses may be carried forward indefinitely. | ||||||||||||||
The liability method of accounting for deferred income taxes requires a valuation allowance against deferred tax assets if, based on the weight of available evidence, it is more likely than not that some or all of the deferred tax assets will not be realized. In determining the need for valuation allowances the Company considers evidence such as history of losses and general economic conditions. At both December 27, 2013 and December 28, 2012, the Company had a valuation allowance of $1.6 million to reduce deferred income tax assets primarily related to foreign and state net operating loss and tax credit carryforwards. | ||||||||||||||
The undistributed earnings in foreign subsidiaries are permanently invested abroad and will not be repatriated to the U.S. in the foreseeable future. Because they are considered to be indefinitely reinvested, no U.S. federal or state deferred income taxes have been provided on these earnings. Upon distribution of those earnings, in the form of dividends or otherwise, the Company would be subject to both U.S. income taxes (subject to an adjustment for foreign tax credits) and withholding taxes payable to the various foreign countries in which it operates. Because of the availability of U.S. foreign tax credits, it is not practicable to determine the U.S. foreign income tax liability that would be payable if such earnings were not reinvested indefinitely. | ||||||||||||||
Penalties and tax-related interest expense are reported as a component of income tax expense. For the years ended December 27, 2013 and December 28, 2012 the total amount of accrued income tax-related interest and penalties was $226 thousand and $212 thousand, respectively. | ||||||||||||||
In accordance with ASC 740-10, the Company prescribes a more-likely-than-not threshold for financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. This interpretation also provides guidance on de-recognition of income tax assets and liabilities, classification of current and deferred income tax assets and liabilities, accounting for interest and penalties associated with tax positions, accounting for income taxes in interim periods and income tax disclosures. | ||||||||||||||
The following table sets forth the detail and activity of the ASC 740-10 liability during the twelve months ended December 27, 2013 and December 28, 2012 (in thousands): | ||||||||||||||
Year Ended | ||||||||||||||
27-Dec-13 | 28-Dec-12 | |||||||||||||
Beginning balance | $ 1,015 | $ 170 | ||||||||||||
Additions based on tax positions | - | 845 | ||||||||||||
Reduction for prior year tax deductions | -299 | - | ||||||||||||
Ending balance | $ 716 | $ 1,015 | ||||||||||||
As of December 27, 2013 and December 28, 2012, the ASC 740-10 liability of $0.7 million and $1.0 million, respectively, was classified as a current liability and included in the current portion of the accrued expenses and other liabilities in the accompanying consolidated balance sheets. The Company does not believe there will be any material changes in its unrecognized tax positions over the next twelve months. The reversal of ASC 740-10 tax liabilities as of December 27, 2013 and December 28, 2012 would have a favorable impact on the effective tax rate in future periods. | ||||||||||||||
Stock_Based_Compensation
Stock Based Compensation | 12 Months Ended | |||||||||||
Dec. 27, 2013 | ||||||||||||
Stock Based Compensation [Abstract] | ' | |||||||||||
Stock Based Compensation | ' | |||||||||||
11. Stock Based Compensation | ||||||||||||
Stock Plans | ||||||||||||
Total share based compensation included in net income for the year ended December 27, 2013 was $6.1 million. The number of shares available for future issuance under the Company's stock plans as of December 27, 2013 were 1,978,796. The Company issues new shares as shares are required to be delivered under the plan. | ||||||||||||
Stock Options and SARs | ||||||||||||
The Company has granted stock options to employees and directors of the Company at exercise prices equal to the market value of the stock at the date of grant. The options generally vest ratably over four years, based on continued employment, with a maximum term of ten years. | ||||||||||||
Stock option activity under the Company’s stock option plans for the year ended December 27, 2013 is summarized as follows: | ||||||||||||
Option Shares | Weighted Average Exercise Price | Weighted Average Remaining Contractual Term | Aggregate Intrinsic Value | |||||||||
Outstanding as of December 28, 2012 | 3,898,864 | $ 4.34 | ||||||||||
Exercised | -109,683 | 4.29 | ||||||||||
Forfeited or expired (1) | -3,422,467 | 4.33 | ||||||||||
Outstanding as of December 27, 2013 | 366,714 | $ 4.39 | 3.29 | $ 681,907 | ||||||||
Exercisable at December 27, 2013 | 86,714 | $ 5.63 | 0.63 | $ 63,107 | ||||||||
(1) Includes 2,916,563 of unvested performance-based stock options surrendered and replaced with SARs and 470,000 vested stock options surrendered and replaced with SARs. See SARs discussion below. | ||||||||||||
A summary of the Company’s stock option activity for the years ended December 28, 2012 and December 30, 2011 was as follows: | ||||||||||||
28-Dec-12 | 30-Dec-11 | |||||||||||
Option Shares | Weighted Average Exercise Price | Option Shares | Weighted Average Exercise Price | |||||||||
Outstanding at beginning of year | 867,375 | $ 5.53 | 982,328 | $ 5.62 | ||||||||
Granted | 3,196,563 | 4.00 | - | - | ||||||||
Exercised | -76,986 | 2.53 | -24,000 | 2.46 | ||||||||
Forfeited or expired | -88,088 | 5.46 | -90,953 | 7.23 | ||||||||
Outstanding at end of year | 3,898,864 | $ 4.34 | 867,375 | $ 5.53 | ||||||||
Exercisable at end of year | 702,301 | $ 5.86 | 867,167 | $ 5.53 | ||||||||
The fair value of the SARs and stock options is estimated using the Black-Scholes option pricing valuation model. The determination of fair value is affected by the Company's stock price, expected stock price volatility, expected term of the award and the risk-free rate of interest. The weighted average fair value of the stock options granted in 2012 was $1.31. The following assumptions were used to determine the fair value of the stock options granted to employees in 2012: | ||||||||||||
Expected volatility | 43% | |||||||||||
Risk-free rate | 0.35% | |||||||||||
Expected term (in years) | 6-Feb | |||||||||||
Other information pertaining to stock option activity during the years ended December 27, 2013, December 28, 2012, and December 30, 2011 was as follows (in thousands): | ||||||||||||
Year Ended | ||||||||||||
27-Dec-13 | 28-Dec-12 | 30-Dec-11 | ||||||||||
Total intrinsic value of stock options exercised | $ 163 | $ 177 | $ 41 | |||||||||
The following table summarizes information about the Company’s stock options outstanding: | ||||||||||||
Options Outstanding | Options Exercisable | |||||||||||
Range of Exercise Prices | Number Outstanding | Weighted Average Remaining Contractual Life (Years) | Weighted Average Exercise Price | Number Exercisable | Weighted Average Exercise Price | |||||||
$0.00 - $4.06 | 305,167 | 3.2 | $ 4.00 | 25,167 | $ 3.96 | |||||||
$4.07 - $8.13 | 61,547 | 0.1 | 6.32 | 61,547 | 6.32 | |||||||
366,714 | 3.3 | $ 4.39 | 86,714 | $ 5.63 | ||||||||
On February 8, 2012, the Compensation Committee approved the fiscal year 2012 through 2015 equity compensation target for the Chief Executive Officer and Chief Operating Officer. Under this target, a single performance-based option grant was made to the Company’s Chief Executive Officer and the Chief Operating Officer of 1,912,500 options and 1,004,063 options, respectively, totaling 2,916,563 options, each with an exercise price of $4.00 and a fair value of $1.31. One-half of the options vest upon the achievement of at least 50% growth of pro forma earnings per share and the remaining half vest upon the achievement of at least 50% pro forma EBITDA growth. Each metric can be achieved at any time during the six-year term of the award based on a trailing twelve month period measured quarterly. The grants will expire if neither target is achieved during the six-year term. The base year for the performance calculation is fiscal 2011 for both pro forma earnings per share and pro forma EBITDA performance targets. | ||||||||||||
In March of 2013, the performance-based stock option grants were surrendered by the Company’s Chief Executive Officer and Chief Operating Officer and replaced with SARs, totaling 2,916,563, equal in number to the number of options granted to each of them in 2012. The terms and conditions and the specific performance targets that must be achieved in order for the SARs to vest are the same as those of the surrendered options, with the exception that the SARs will be settled in cash, stock or any combination thereof, at the Company’s discretion. | ||||||||||||
In addition, 470,000 vested stock options were surrendered and replaced with SARs during 2013. | ||||||||||||
SAR activity for the year ended December 27, 2013 was as follows: | ||||||||||||
Number of SARs | Weighted Average Exercise Price | Weighted Average Fair Value | ||||||||||
Outstanding as of December 28, 2012 | - | $ - | $ - | |||||||||
Granted | 3,386,563 | 4.31 | 0.99 | |||||||||
Outstanding as of December 27, 2013 | 3,386,563 | $ 4.31 | $ 0.99 | |||||||||
Exercisable at December 27, 2013 | 470,000 | $ 6.25 | $ 1.23 | |||||||||
The following assumptions were used to determine the fair value of the SARs granted to employees in 2013: | ||||||||||||
Expected volatility | 28% - 43% | |||||||||||
Risk-free rate | 0.35% | |||||||||||
Expected term (in years) | 3-Feb | |||||||||||
As of December 27, 2013, 85% of total outstanding options and SARs were performance-based. Although the targets for the performance-based options and SARs have not been achieved, the Company has recorded $0.5 million and $0.6 million of compensation expense in 2013 and 2012 related to these options and SARs in accordance with ASC 718, "Stock Compensation". | ||||||||||||
Restricted Stock Units | ||||||||||||
Under the stock plans, participants may be granted restricted stock units, each of which represents a conditional right to receive a common share in the future. The restricted stock units granted under this plan generally vest over one of the following vesting schedules: (1) a four-year period, with 50% vesting on the second anniversary and 25% of the shares vesting on the third and fourth anniversaries of the grant date, (2) a four-year period, with 25% vesting on the first, second, third and fourth anniversary, or (3) a three-year period with 33% vesting on the first, second and third anniversary. Upon vesting, the restricted stock units will convert into an equivalent number of shares of common stock. The amount of expense relating to the restricted stock units is based on the closing market price of the Company’s common stock on the date of grant and is amortized on a straight-line basis over the applicable requisite service period. Restricted stock unit activity for the year ended December 27, 2013 was as follows: | ||||||||||||
Number of Restricted Stock Units | Weighted Average Grant-Date Fair Value | |||||||||||
Nonvested balance as of December 28, 2012 | 2,547,831 | $ 3.69 | ||||||||||
Granted | 1,261,783 | 4.68 | ||||||||||
Vested | -777,365 | 3.45 | ||||||||||
Forfeited | -121,945 | 3.90 | ||||||||||
Nonvested balance as of December 27, 2013 | 2,910,304 | $ 4.17 | ||||||||||
The Company recorded restricted stock units based compensation expense of $4.8 million, $4.2 million and $3.7 million in 2013, 2012 and 2011, respectively, which is included in stock compensation expense, based on the vesting provisions of the restricted stock units and the fair market value of the stock on the grant date. As of December 27, 2013, there was $5.9 million of total restricted stock units compensation related to the nonvested awards not yet recognized, which is expected to be recognized over a weighted average period of 1.67 years. | ||||||||||||
Common Stock Subject to Vesting Requirements | ||||||||||||
Shares of common stock subject to vesting requirements were issued to employees of acquired companies. These shares vest over a period of up to five years. Compensation was based on the market value of the Company’s common stock at the time of grant and is recognized on a straight-line basis. The activity for common stock subject to vesting requirements for the year ended December 27, 2013 was as follows: | ||||||||||||
Number of Shares of Common Stock Subject to Vesting Requirements | Weighted Average Grant-Date Fair Value | |||||||||||
Nonvested balance as of December 28, 2012 | 395,743 | $ 3.58 | ||||||||||
Vested | -218,096 | 3.28 | ||||||||||
Nonvested balance as of December 27, 2013 | 177,647 | $ 3.31 | ||||||||||
The Company recorded compensation expense of $0.8 million, $0.7 million and $0.9 million, during the years ended December 27, 2013, December 28, 2012 and December 30, 2011, respectively, related to common stock subject to vesting requirements. As of December 27, 2013, there was $90 thousand of total stock based compensation related to common stock subject to vesting requirements not yet recognized, which is expected to be recognized over a weighted average period of six months. | ||||||||||||
Shareholders_Equity
Shareholders' Equity | 12 Months Ended |
Dec. 27, 2013 | |
Shareholders' Equity [Abstract] | ' |
Shareholders' Equity | ' |
12. Shareholders’ Equity | |
Tender Offer | |
On August 28, 2013, the Company announced a tender offer to purchase up to $35.75 million in value of shares of its common stock, $0.001 par value per share, at a price not greater than $6.50 nor less than $5.75 per share, to the seller in cash, less any applicable withholding taxes and without interest (the "Offer"). On September 26, 2013, the Company amended the Offer (the "Amended Offer") to increase the price range at which it would purchase its common stock to a range of not greater than $7.00 nor less than $6.50 per share and to decrease the dollar amount of the Offer to $25.0 million. The Amended Offer was completed on October 15, 2013, with the Company purchasing approximately 1.0 million shares of its common stock at a purchase price of $7.00 per share, for an aggregate cost of approximately $6.9 million, excluding fees and expenses related to the Amended Offer. The 1.0 million shares represented approximately 3% of the Company's issued and outstanding shares of common stock at that time. The Company financed the Amended Offer from borrowings under the Amended Term Loan under its existing Credit Facility. See Note 9 for further detail. | |
On March 21, 2012, the Company completed a tender offer to purchase 11.0 million shares of its common stock at a purchase price of $5.00 per share, for an aggregate cost of approximately $55.0 million, excluding fees and expenses relating to the tender offer. The 11.0 million shares accepted for purchase represented approximately 27% of the Company’s issued and outstanding shares of common stock at that time. | |
Employee Stock Purchase Plan | |
Effective July 1, 1998, the Company adopted an Employee Stock Purchase Plan to provide substantially all employees who have | |
completed three months of service as of the beginning of an offering period an opportunity to purchase shares of its common stock | |
through payroll deductions. Purchases on any one grant are limited to 10% of eligible compensation. Shares of the Company’s common stock may be purchased by employees at six-month intervals at 95% of the fair market value on the last trading day of each six-month period. The aggregate fair market value, determined as of the first trading date of the offering period, of shares purchased by an employee may not exceed $25,000 annually. The Employee Stock Purchase Plan expires on July 1, 2018. A total of 4,275,000 shares of common stock are available for purchase under the plan with a limit of 400,000 shares of common stock to be issued per offering period. For plan years 2013, 2012, and 2011, 126,330 shares, 117,757 shares and 137,215 shares, respectively, were issued. | |
Treasury Stock | |
On July 30, 2002, the Company announced that its Board of Directors approved the repurchase of up to $5.0 million of the Company’s common stock. Since the inception of the repurchase plan, the Board of Directors approved the repurchase of an additional $80.0 million of the Company’s common stock, thereby increasing the total program size to $85.0 million as of December 27, 2013. Under the repurchase plan, the Company may buy back shares of its outstanding stock from time to time either on the open market or through privately negotiated transactions, subject to market conditions and trading restrictions, excluding the above mentioned tender offer. As of December 27, 2013 and December 28, 2012, the Company had repurchased 22.2 million and 21.2 million shares of its common stock, respectively, at an average price of $3.62 and $3.52 per share, respectively. As of | |
December 27, 2013, the Company had $4.6 million available under the Company’s buyback program. The Company holds repurchased shares of its common stock as treasury stock and accounts for treasury stock under the cost method. | |
Subsequent to December 27, 2013, the Company's Board of Directors approved the repurchase of an additional $5.0 million of the Company's common stock, thereby increasing the total program size to $90.0 million. | |
Dividends | |
On December 7, 2012, the Company’s Board of Directors adopted a dividend policy pursuant to which the Company intends to pay annual cash dividends on its common stock. In December 2013 and 2012, the Board of Directors declared and paid annual cash dividends of $0.10 per common share, or a total of $3.1 million, to holders of the Company’s common stock. These dividends were paid from U.S. domestic sources and are accounted for as an increase to retained deficit. | |
Shareholder Rights Plan | |
On February 13, 2004, the Company’s Board of Directors adopted a Shareholder Rights Plan. Under the Plan, a dividend of one preferred share purchase right (a “Right”) was declared for each share of common stock of the Company that was outstanding on February 26, 2004. Each Right entitles the holder to purchase from the Company one one-thousandth of a share of Series A Junior Preferred Stock at a purchase price of $32.50, subject to adjustment. | |
The Rights will trade automatically with the common stock and will not be exercisable until a person or group has become an “acquiring person” by acquiring 15% or more of the Company’s outstanding common stock, or a person or group commences, or publicly announces a tender offer that will result in such a person or group owning 15% or more of the Company’s outstanding common stock. However, Liberty Wanger Asset Management, L.P. (now known as Columbia Wanger Asset Management, L.P.), together with its affiliates and associates will be permitted to acquire up to 20% of the common stock without making the rights exercisable. Upon announcement that any person or group has become an acquiring person, each Right will entitle all rightholders (other than the acquiring person) to purchase, for the exercise price of $32.50, a number of shares of the Company’s common stock having a market value equal to twice the exercise price. Rightholders would also be entitled to purchase common stock of the acquiring person having a value of twice the exercise price if, after a person had become an acquiring person, the Company were to enter into certain mergers or other transactions. If any person becomes an acquiring person, the Board of Directors may, at its option and subject to certain limitations, exchange one share of common stock for each Right. | |
The Rights have certain anti-takeover effects, in that they would cause substantial dilution to a person or group that attempts to acquire a significant interest in the Company on terms not approved by the Board of Directors. In the event that the Board of Directors determines a transaction to be in the best interests of the Company and its shareholders, the Board of Directors may redeem the Rights for $0.001 per share at any time prior to a person or group becoming an acquiring person. The Rights expired on February 13, 2014. | |
Benefit_Plan
Benefit Plan | 12 Months Ended |
Dec. 27, 2013 | |
Benefit Plan [Abstract] | ' |
Benefit Plan | ' |
13. Benefit Plan | |
The Company maintains a 401(k) plan covering all eligible employees. Subject to certain dollar limits, eligible employees may contribute up to 15% of their pre-tax annual compensation to the plan. The Company may make discretionary contributions on an annual basis. During fiscal years 2013, 2012 and 2011, the Company made matching contributions of 25% of employee contributions up to 4% of their gross salaries. The Company’s matching contributions were $0.3 million for each of the fiscal years ended December 27, 2013, December 28, 2012 and December 30, 2011. | |
Transactions_with_Related_Part
Transactions with Related Parties | 12 Months Ended |
Dec. 27, 2013 | |
Transactions With Related Parties [Abstract] | ' |
Transactions with Related Parties | ' |
14. Transactions with Related Parties | |
There were no related party transactions in 2013 or 2012. In connection with the Company’s repurchase of common stock in 2011, the Board of Directors approved the Company’s buy back of 393,250 shares of outstanding common stock from employees of the Company and Board of Directors at an average price of $4.70 per share. These shares were included in the Company’s treasury stock on the accompanying consolidated balance sheets at December 28, 2012 and December 30, 2011. | |
Litigation
Litigation | 12 Months Ended |
Dec. 27, 2013 | |
Litigation [Abstract] | ' |
Litigation | ' |
15. Litigation | |
The Company is involved in legal proceedings, claims, and litigation arising in the ordinary course of business not specifically discussed herein. In the opinion of management, the final disposition of such matters will not have a material adverse effect on the Company’s consolidated financial position, cash flows or results of operations. | |
Geographic_And_Service_Group_I
Geographic And Service Group Information | 12 Months Ended | ||||||||||
Dec. 27, 2013 | |||||||||||
Geographic And Service Group Information [Abstract] | ' | ||||||||||
Geographic And Service Group Information | ' | ||||||||||
16. Geographic and Service Group Information | |||||||||||
Revenue, which is primarily based on the country of the Company’s contracting entity, is attributed to geographic areas as follows (in thousands): | |||||||||||
Year Ended | |||||||||||
December 27, | December 28, | December 30, | |||||||||
2013 | 2012 | 2011 | |||||||||
Revenue: | |||||||||||
North America | $ 179,539 | $ 173,650 | $ 158,836 | ||||||||
International (primarily European countries) | 44,291 | 49,086 | 50,227 | ||||||||
Total revenue | $ 223,830 | $ 222,736 | $ 209,063 | ||||||||
Long-lived assets are attributed to geographic areas as follows (in thousands): | |||||||||||
Year Ended | |||||||||||
December 27, | December 28, | ||||||||||
2013 | 2012 | ||||||||||
Long-Lived Assets: | |||||||||||
North America | $ 74,095 | $ 74,407 | |||||||||
International (primarily European countries) | 16,246 | 16,270 | |||||||||
Total long-lived assets | $ 90,341 | $ 90,677 | |||||||||
As of December 27, 2013, foreign assets included $15.8 million of goodwill related to the REL and Archstone acquisitions. As of December 28, 2012, foreign assets included $15.6 million of goodwill related to the REL and Archstone acquisitions and $0.1 million of intangible assets related to the Archstone acquisition. | |||||||||||
In the following table, The Hackett Group service group encompasses Benchmarking, Business Transformation and Executive Advisory groups, and includes EPM Technologies. The ERP Solutions group encompasses SAP ERP (in thousands): | |||||||||||
Year Ended | |||||||||||
December 27, | December 28, | December 30, | |||||||||
2013 | 2012 | 2011 | |||||||||
The Hackett Group | $ 184,112 | $ 187,787 | $ 181,824 | ||||||||
ERP Solutions | 39,718 | 34,949 | 27,239 | ||||||||
Total revenue | $ 223,830 | $ 222,736 | $ 209,063 | ||||||||
Quarterly_Financial_Informatio
Quarterly Financial Information | 12 Months Ended | ||||||||||||||
Dec. 27, 2013 | |||||||||||||||
Quarterly Financial Information [Abstract] | ' | ||||||||||||||
Quarterly Financial Information | ' | ||||||||||||||
17. Quarterly Financial Information (unaudited) | |||||||||||||||
The following table presents unaudited supplemental quarterly financial information for the years ended December 27, 2013 and December 28, 2012 (in thousands, except per share data): | |||||||||||||||
Quarter Ended | |||||||||||||||
29-Mar-13 | 28-Jun-13 | September 27, 2013 | December 27, 2013 | ||||||||||||
Total revenue | $ | 54,349 | $ | 58,961 | $ | 57,916 | $ | 52,604 | |||||||
Operating income | $ | 3,529 | $ | 5,085 | $ | 4,717 | $ | 2,396 | |||||||
Income from continuing operations | $ | 2,029 | $ | 2,930 | $ | 2,699 | $ | 1,206 | |||||||
(Loss) income from discontinued operations | $ | -71 | $ | - | $ | -64 | $ | - | |||||||
Net income | $ | 1,958 | $ | 2,930 | $ | 2,635 | $ | 1,206 | |||||||
Basic net income (loss) per common share: | |||||||||||||||
Income per common share from continuing operations | $ | 0.06 | $ | 0.10 | $ | 0.09 | $ | 0.04 | |||||||
(Loss) income per common share from discontinued operations | - | - | - | - | |||||||||||
Net income per common share | $ | 0.06 | $ | 0.10 | $ | 0.09 | $ | 0.04 | |||||||
Diluted net income (loss) per common share: | |||||||||||||||
Income per common share from continuing operations | $ | 0.07 | $ | 0.09 | $ | 0.08 | $ | 0.04 | |||||||
(Loss) income per common share from discontinued operations | -0.01 | - | - | - | |||||||||||
Net income per common share | $ | 0.06 | $ | 0.09 | $ | $ 0.08 | $ | 0.04 | |||||||
Quarter Ended | |||||||||||||||
March 30, 2012 | June 29, 2012 | September 28, 2012 | December 28, 2012 | ||||||||||||
Total revenue | $ | 54,083 | $ | 57,964 | $ | 55,647 | $ | 55,042 | |||||||
Operating income | $ | 3,977 | $ | 4,483 | $ | 4,538 | $ | 4,053 | |||||||
Income from continuing operations | $ | 3,851 | $ | 3,838 | $ | 2,593 | $ | 6,637 | |||||||
(Loss) income from discontinued operations | $ | -318 | $ | 7 | $ | 43 | $ | 46 | |||||||
Net income (1) | $ | 3,533 | $ | 3,845 | $ | 2,636 | $ | 6,683 | |||||||
Basic net income (loss) per common share: | |||||||||||||||
Income per common share from continuing operations | $ | 0.10 | $ | 0.13 | $ | 0.09 | $ | 0.23 | |||||||
(Loss) income per common share from discontinued operations | -0.01 | - | - | - | |||||||||||
Net income per common share | $ | 0.09 | $ | 0.13 | $ | 0.09 | $ | 0.23 | |||||||
Diluted net income (loss) per common share: | |||||||||||||||
Income per common share from continuing operations | $ | 0.10 | $ | 0.12 | $ | 0.08 | $ | 0.21 | |||||||
(Loss) income per common share from discontinued operations | -0.01 | - | - | - | |||||||||||
Net income per common share | $ | 0.09 | $ | 0.12 | $ | 0.08 | $ | $ 0.21 | |||||||
(1) The quarter ended December 28, 2012 included the benefit of the release of $6.7 million of deferred income tax asset valuation allowance. Quarterly basic and diluted net income per common share were computed independently for each quarter and do not necessarily total to the year to date basic and diluted net income per common share. | |||||||||||||||
Subsequent_Event
Subsequent Event | 12 Months Ended |
Dec. 27, 2013 | |
Subsequent Event [Abstract] | ' |
Subsequent Event | ' |
18. Subsequent Event | |
Subsequent to December 27, 2013, the Company acquired the U.S., Canada and Uruguay operations of Technolab International Corporation. The purchase price for the assets acquired and liabilities assumed was $3.0 million in cash and $1.0 million in shares of the Company's common stock, which are subject to a four-year vesting provision. The Sellers will have the ability to earn an additional $8.0 million in contingent consideration in cash and stock subject to an earn-out based on actual results achieved. | |
Schedule_II_Valuation_and_Qual
Schedule II - Valuation and Qualifying Accounts and Reserves | 12 Months Ended | ||||||||||||
Dec. 27, 2013 | |||||||||||||
Schedule II - Valuation and Qualifying Accounts and Reserves [Abstract] | ' | ||||||||||||
Schedule II - Valuation And Qualifying Accounts And Reserves | ' | ||||||||||||
THE HACKETT GROUP, INC. | |||||||||||||
SCHEDULE II – VALUATION AND QUALIFYING ACCOUNTS AND RESERVES | |||||||||||||
YEARS ENDED DECEMBER 27, 2013, DECEMBER 28, 2012 AND DECEMBER 30, 2011 | |||||||||||||
(in thousands) | |||||||||||||
Allowance for Doubtful Accounts | Balance at Beginning of Year | Charge to Expense (Recovery) | Write-offs | Balance at End of Year | |||||||||
Year Ended December 27, 2013 | $ 1,251 | 742 | -319 | $ 1,674 | |||||||||
Year Ended December 28, 2012 | $ 799 | 657 | -205 | $ 1,251 | |||||||||
Year Ended December 30, 2011 | $ 1,486 | -619 | -68 | $ 799 | |||||||||
Basis_of_Presentation_and_Gene1
Basis of Presentation and General Information (Policies) | 12 Months Ended | |||||||||||
Dec. 27, 2013 | ||||||||||||
Basis Of Presentation And General Information [Abstract] | ' | |||||||||||
Nature of Business | ' | |||||||||||
Nature of Business | ||||||||||||
The Hackett Group, Inc. (“Hackett,” or the “Company”) is a leading strategic advisory and technology consulting firm that enables companies to achieve world-class business performance. Hackett’s combined capabilities include business advisory programs, benchmarking, business transformation, working capital management and technology solutions, with corresponding offshore support. | ||||||||||||
Basis of Presentation and Consolidation | ' | |||||||||||
Basis of Presentation and Consolidation | ||||||||||||
The accompanying consolidated financial statements include the Company’s accounts and those of its wholly-owned subsidiaries which the Company is required to consolidate. The Company consolidates the assets, liabilities, and results of operations of its entities. | ||||||||||||
Fiscal Year | ' | |||||||||||
Fiscal Year | ||||||||||||
The Company’s fiscal year generally consists of a 52-week period and periodically consists of a 53-week period as each fiscal year ends on the Friday closest to December 31. Fiscal years 2013, 2012, and 2011 ended on December 27, 2013, December, 28, 2012, and December 30, 2011, respectively. References to a year included in the consolidated financial statements refer to a fiscal year rather than a calendar year. | ||||||||||||
Cash and Cash Equivalents and Restricted Cash | ' | |||||||||||
Cash and Cash Equivalents and Restricted Cash | ||||||||||||
The Company considers all short-term investments with maturities of three months or less to be cash equivalents. Due to the short maturity period of cash equivalents, the carrying amount of these instruments approximates fair market value. The Company places its temporary cash investments with high credit quality financial institutions. At times, such investments may be in excess of the F.D.I.C. insurance limits. The Company has not experienced any loss to date on these investments. All of the Company’s non-interest bearing cash balances were fully insured at December 28, 2012 due to a temporary federal program in effect from December 31, 2010 through December 31, 2012. Under the program, there is no limit to the amount of insurance for eligible accounts. Beginning in 2013, insurance coverage will revert to $250,000 per depositor at each financial institution, and our non-interest bearing cash balances may again exceed federally insured limits. | ||||||||||||
Restricted cash in 2013 and 2012 related to future employee compensation agreements. | ||||||||||||
Allowance for Doubtful Accounts | ' | |||||||||||
Allowance for Doubtful Accounts | ||||||||||||
The Company maintains allowances for doubtful accounts for estimated losses resulting from its clients not making required payments. Management makes estimates of the collectability of accounts receivables. Management also critically reviews accounts receivables and analyzes historical bad debts, past-due accounts, client credit-worthiness and current economic trends when evaluating the adequacy of the allowance for doubtful accounts. | ||||||||||||
Dividends | ' | |||||||||||
Dividends | ||||||||||||
In December of 2012, the Company’s Board of Directors approved the initiation of an annual cash dividend program in the amount of $0.10 per share. The Company’s dividend policy is reviewed periodically by the Board of Directors. The amount and timing of all dividend payments is subject to the discretion of the Board of Directors and will depend upon business conditions, results of operations, financial conditions and other factors. | ||||||||||||
Property and Equipment, Net | ||||||||||||
Property and equipment are recorded at cost. Depreciation is calculated to amortize the depreciable assets over their useful lives using the straight-line method and commences when the asset is placed in service. The range of estimated useful lives is three to seven years. Leasehold improvements are amortized on a straight-line basis over the term of the lease or the estimated useful life of the improvement, whichever is shorter. Expenditures for repairs and maintenance are charged to expense as incurred. Expenditures for betterments and major improvements are capitalized. The carrying amount of assets sold or retired and related accumulated depreciation are removed from the balance sheet in the year of disposal and any resulting gains or losses are included in the consolidated statements of operations. | ||||||||||||
The Company capitalizes the costs of internal-use software, which generally includes hardware, software, and payroll-related costs for employees who are directly associated with, and who devote time, to the development of internal-use computer software | ||||||||||||
Property and Equipment, Net | ' | |||||||||||
Property and Equipment, Net | ||||||||||||
Property and equipment are recorded at cost. Depreciation is calculated to amortize the depreciable assets over their useful lives using the straight-line method and commences when the asset is placed in service. The range of estimated useful lives is three to seven years. Leasehold improvements are amortized on a straight-line basis over the term of the lease or the estimated useful life of the improvement, whichever is shorter. Expenditures for repairs and maintenance are charged to expense as incurred. Expenditures for betterments and major improvements are capitalized. The carrying amount of assets sold or retired and related accumulated depreciation are removed from the balance sheet in the year of disposal and any resulting gains or losses are included in the consolidated statements of operations. | ||||||||||||
The Company capitalizes the costs of internal-use software, which generally includes hardware, software, and payroll-related costs for employees who are directly associated with, and who devote time, to the development of internal-use computer software | ||||||||||||
Long-Lived Assets (excluding Goodwill and Other Intangible Assets) | ' | |||||||||||
Long-Lived Assets (excluding Goodwill and Other Intangible Assets) | ||||||||||||
Long-lived assets are reviewed for impairment whenever events or circumstances indicate that the carrying amount of an asset may not be fully recoverable. If an evaluation is required, the estimated future undiscounted cash flows associated with the asset are compared to the asset’s carrying amount to determine if there has been an impairment. The amount of an impairment is calculated as the difference between the fair value of the asset and its carrying value. Estimates of future undiscounted cash flows are based on management’s view of growth rates for the related business, anticipated future economic conditions and estimates of residual values. | ||||||||||||
Goodwill and Other Intangible Assets | ' | |||||||||||
Goodwill and Other Intangible Assets | ||||||||||||
Goodwill and intangible assets deemed to have indefinite lives are not amortized, but rather are tested for impairment on an annual basis, or more frequently if events or changes in circumstances indicate potential impairment. Finite-lived intangible assets are amortized over their useful lives. The excess cost of the acquisition over the fair value of the net assets acquired is recorded as goodwill. | ||||||||||||
Goodwill is tested at least annually for impairment at the reporting unit level utilizing the market approach. The reporting units consist of The Hackett Group (including Benchmarking, Business Transformation, Business Transformation Enterprise Performance Management (“EPM”), Strategy and Operations and Executive Advisory Programs) and Hackett Technology Solutions (including SAP ERP, Oracle ERP and Oracle EPM). In assessing the recoverability of goodwill and intangible assets, the Company utilizes the market approach and makes estimates based on assumptions regarding various factors to determine if impairment tests are met. The market approach utilizes valuation multiples based on operating data from publicly traded companies within the same industry. Multiples derived from guideline companies provide an indication of how much a knowledgeable investor in the marketplace would be willing to pay for a company. These multiples are then applied to the Company’s reporting units to arrive at an indication of value. This approach contains management’s judgment, using appropriate and customary assumptions available at the time. | ||||||||||||
During the year ended December 27, 2013, the Company exited its Oracle ERP implementation business practice and as a result allocated $0.2 million of related goodwill to this transaction. The Oracle ERP implementation business is separate and distinct from the Company's Oracle EPM business. | ||||||||||||
All of the Company's intangible assets as of December 27, 2013, are expected to be fully amortized by the end of 2014. The estimated future amortization expense of intangible assets as of December 27, 2013 is $0.4 million. | ||||||||||||
The Company performed its annual impairment test of goodwill in the fourth quarter of fiscal years 2013 and 2012 and determined that goodwill was not impaired. The carrying amount and activity of goodwill attributable to The Hackett Group and Hackett Technology Solutions was as follows (in thousands): | ||||||||||||
Hackett | ||||||||||||
The Hackett | Technology | |||||||||||
Group | Solutions | Total | ||||||||||
Balance at December 30, 2011 | $ 44,225 | $ 31,333 | $ 75,558 | |||||||||
Foreign currency translation adjustment | 662 | - | 662 | |||||||||
Balance at December 28, 2012 | 44,887 | 31,333 | 76,220 | |||||||||
Allocation of goodwill related to discontinued operations | - | -199 | -199 | |||||||||
Foreign currency translation adjustment | 262 | - | 262 | |||||||||
Balance at December 27, 2013 | $ 45,149 | $ 31,134 | $ 76,283 | |||||||||
Other intangible assets are tested for potential impairment whenever events or changes in circumstances suggest that the carrying value of an asset may not be fully recoverable. If an evaluation is required, the estimated future undiscounted cash flows associated with the asset are compared to the asset’s carrying amount to determine if there has been an impairment. The amount of an impairment is calculated as the difference between the fair value of the asset and its carrying value. Estimates of future undiscounted cash flows are based on management’s view of growth rates for the related business, anticipated future economic conditions and estimates of residual values. Other intangible assets arise from business combinations and consist of customer relationships, customer backlog and trademarks that are amortized on a straight-line or accelerated basis over periods of up to five years. | ||||||||||||
Other intangible assets, included in other assets in the accompanying consolidated balance sheets, consist of the following (in thousands): | ||||||||||||
27-Dec-13 | 28-Dec-12 | |||||||||||
Gross carrying amount | $ 14,699 | $ 14,699 | ||||||||||
Accumulated amortization | -14,260 | -13,658 | ||||||||||
Foreign currency translation adjustment | 6 | -4 | ||||||||||
$ 445 | $ 1,037 | |||||||||||
Revenue Recognition | ' | |||||||||||
Revenue Recognition | ||||||||||||
Revenue is principally derived from fees for services generated on a project-by-project basis. Revenue for services rendered is recognized on a time and materials basis or on a fixed-fee or capped-fee basis. | ||||||||||||
Revenue for time and materials contracts is recognized based on the number of hours worked by our consultants at an agreed upon rate per hour and is recognized in the period in which services are performed. | ||||||||||||
Revenue related to fixed-fee or capped-fee contracts is recognized on the proportional performance method of accounting based on the ratio of labor hours incurred to estimated total labor hours. This percentage is multiplied by the contracted dollar amount of the project to determine the amount of revenue to recognize in an accounting period. The contracted dollar amount used in this calculation excludes the amount the client pays for reimbursable expenses. There are situations where the number of hours to complete projects may exceed the original estimate. These increases can be as a result of an increase in project scope, unforeseen events that arise, or the inability of the client or the delivery team to fulfill their responsibilities. On an on-going basis, project delivery, Office of Risk Management and finance personnel review hours incurred and estimated total labor hours to complete projects. Any revisions in these estimates are reflected in the period in which they become known. If the Company estimates indicate that a contract loss will occur, a loss provision will be recorded in the period in which the loss first becomes probable and reasonably estimable. Contract losses are determined to be the amount by which the estimated direct costs of the contract exceed the estimated total revenue that will be generated by the contract and are included in total cost of service. | ||||||||||||
Revenue from advisory services is recognized ratably over the life of the agreements. | ||||||||||||
Revenue for contracts with multiple elements is allocated based on the selling price of the elements and is recognized in accordance with Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) 605-25, Multiple-Deliverable Revenue Arrangements, a consensus of the FASB Emerging Issues Task Force. | ||||||||||||
Additionally, the Company earns revenue from the resale of software licenses and maintenance contracts. Revenue for the resale software and software licenses is recognized upon contract execution and customer receipt of software. Revenue from maintenance contracts is recognized ratably over the life of the agreements. | ||||||||||||
Unbilled revenue represents revenue for services performed that have not been invoiced. If the Company does not accurately estimate the scope of the work to be performed, or does not manage its projects properly within the planned periods of time, or does not meet clients expectations under the contracts, then future consulting margins may be negatively affected or losses on existing contracts may need to be recognized. Any such reductions in margins or contract losses could be material to the Company’s results of operations. | ||||||||||||
Sales tax collected from customers and remitted to the applicable taxing authorities is accounted for on a net basis, with no impact on revenue. | ||||||||||||
Revenue before reimbursements excludes reimbursable expenses charged to clients. Reimbursements, which include travel and out-of-pocket expenses, are included in revenue, and an equivalent amount of reimbursable expenses is included in cost of service. | ||||||||||||
The agreements entered into in connection with a project, whether time and materials based or fixed-fee or capped-fee based, typically allow clients to terminate early due to breach or for convenience with 30 days’ notice. In the event of termination, the client is contractually required to pay for all time, materials and expenses incurred by the Company through the effective date of the termination. In addition, from time to time the Company enters into agreements with its clients that limit its right to enter into business relationships with specific competitors of that client for a specific time period. These provisions typically prohibit the Company from performing a defined range of services which it might otherwise be willing to perform for potential clients. These provisions are generally limited to six to twelve months and usually apply only to specific employees or the specific project team. | ||||||||||||
Stock Based Compensation | ' | |||||||||||
Stock Based Compensation | ||||||||||||
The Company recognizes compensation expense for awards of equity instruments to employees based on the grant-date fair value of those awards, with limited exceptions, over the requisite service period. | ||||||||||||
Income Taxes | ' | |||||||||||
Income Taxes | ||||||||||||
Income taxes are accounted for in accordance with FASB ASC Topic 740, Income Taxes (“ASC 740”). Under ASC 740, deferred tax assets and liabilities are determined based on differences between the financial reporting carrying values and tax bases of assets and liabilities, and are measured by using enacted tax rates expected to apply to taxable income in the years in which those differences are expected to reverse. Deferred income taxes also reflect the impact of certain state operating loss and tax credit carryforwards. A valuation allowance is provided if the Company believes it is more likely than not that all or some portion of the deferred tax asset will not be realized. An increase or decrease in the valuation allowance, if any, that results from a change in circumstances, and which causes a change in the Company’s judgment about the realizability of the related deferred tax asset, is included in the tax provision. | ||||||||||||
In accordance with FASB ASC Topic 740-10, Accounting for Uncertainty in Income Taxes (“ASC 740-10”), the Company adopted a more-likely-than-not threshold for financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. This interpretation also provides guidance on de-recognition of income tax assets and liabilities, classification of current and deferred income tax assets and liabilities, accounting for interest and penalties associated with tax positions, accounting for income taxes in interim periods and income tax disclosures. The Company reports penalties and tax-related interest expense as a component of income tax expense. | ||||||||||||
Net Income per Common Share | ' | |||||||||||
Net Income per Common Share | ||||||||||||
Basic net income per common share is computed by dividing net income by the weighted average number of common shares outstanding during the period. With regard to common stock subject to vesting requirements and restricted stock units issued to employees, the calculation includes only the vested portion of such stock. | ||||||||||||
The potential issuance of common shares upon the exercise, conversion or vesting of unvested restricted stock units, common stock subject to vesting, stock options and stock appreciation right units ("SARs"), as calculated under the treasury stock method, may be dilutive. Diluted net income per share is computed by dividing the net income by the weighted average number of common shares outstanding, and will increase by the assumed conversion of other potentially dilutive securities during the period. | ||||||||||||
The following table reconciles basic and diluted weighted average shares: | ||||||||||||
Year Ended | ||||||||||||
27-Dec-13 | 28-Dec-12 | 30-Dec-11 | ||||||||||
Basic weighted average common shares outstanding | 30,283,298 | 31,703,544 | 39,895,422 | |||||||||
Effect of dilutive securities: | ||||||||||||
Unvested restricted stock units and common stock subject | ||||||||||||
to vesting requirements issued to employees | 1,809,565 | 1,765,351 | 1,919,151 | |||||||||
Common stock issuable upon the exercise of stock options | 22,802 | 41,817 | 60,821 | |||||||||
Dilutive weighted average common shares outstanding | 32,115,665 | 33,510,712 | 41,875,394 | |||||||||
There were 0.8 million, 3.9 million, and 0.9 million shares of awards granted excluded from the above reconciliation for the years ended 2013, 2012, and 2011, respectively, as their inclusion would have had an anti-dilutive effect on diluted net income per share. The decrease in the 2013 and increase in 2012 of anti-dilutive shares is due to the issuance of performance-based options granted during the quarter ended March 30, 2012, which were surrendered and replaced with SARs in 2013. See Note 11 for further detail. | ||||||||||||
Fair Value of Financial Instruments | ' | |||||||||||
Fair Value of Financial Instruments | ||||||||||||
The Company’s financial instruments consist of cash and cash equivalents, restricted cash, accounts receivable and unbilled revenue, accounts payable, accrued expenses and other liabilities and debt. As of December 27, 2013 and December 28, 2012, the carrying amount of each financial instrument, with the exception of debt, approximated the instrument’s fair value due to the short-term nature and maturity of these instruments. | ||||||||||||
The Company uses significant other observable market data or assumptions (Level 2 inputs as defined in accounting guidance) that it believes market participants would use in pricing debt. The fair value of the debt approximated its carrying amount using Level 2 inputs, due to the short-term variable interest rates based on market rates utilizing the market approach. | ||||||||||||
Concentration of Credit Risk | ' | |||||||||||
Concentration of Credit Risk | ||||||||||||
The Company provides services primarily to Global 2000 companies and other sophisticated buyers of business consulting and information technology services. The Company performs ongoing credit evaluations of its major customers and maintains reserves for potential credit losses. In 2013, 2012 and 2011 no customer accounted for more than 5% of total revenue. | ||||||||||||
Managementbs Estimates | ' | |||||||||||
Management’s Estimates | ||||||||||||
The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities as of the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates. | ||||||||||||
Other Comprehensive Income | ' | |||||||||||
Other Comprehensive Income | ||||||||||||
The Company reports its comprehensive income in accordance with FASB ASC Topic 220, Comprehensive Income, which establishes standards for reporting and presenting comprehensive income and its components in a full set of financial statements. Other comprehensive income consists of net income and cumulative currency translation adjustments. | ||||||||||||
Translation of Non-U.S. Currency Amounts | ' | |||||||||||
Translation of Non-U.S. Currency Amounts | ||||||||||||
The assets and liabilities held by the Company’s foreign entities that have a functional currency other than the U.S. Dollar are translated into U.S. Dollars at exchange rates in effect at the end of each reporting period. Foreign entity revenue and expenses are translated into U.S. Dollars at the average rates that prevailed during the period. The resulting net translation gains and losses are reported as foreign currency translation adjustments in shareholders’ equity as a component of accumulated other comprehensive income. Gains and losses from foreign currency transactions are included in net income. | ||||||||||||
Segment Reporting | ' | |||||||||||
Segment Reporting | ||||||||||||
The Company engages in business activities in one operating segment, which provides business and technology consulting services. | ||||||||||||
Recent Accounting Pronouncements | ' | |||||||||||
Recent Accounting Pronouncements | ||||||||||||
In March 2013, the FASB issued guidance on a parent company’s accounting for the cumulative translation adjustment upon de-recognition of certain subsidiaries or groups of assets within a foreign entity or of an investment in a foreign entity, which amends current accounting guidance on foreign currency matters. This guidance requires that the entire amount of a cumulative translation adjustment related to an entity’s investment in a foreign entity be released when there has been a: (i) sale of a subsidiary or group of net assets within a foreign entity and the sale represents the substantially complete liquidation of the investment in the foreign entity, (ii) loss of a controlling financial interest in an investment in a foreign entity, and (iii) step acquisition for a foreign entity. This guidance will be effective for the Company beginning in the first quarter of 2014. The Company does not expect the adoption to have a material impact on its consolidated financial statements. | ||||||||||||
In July 2013, the FASB issued guidance for the financial statement presentation of an unrecognized tax benefit when a net operating loss carryforward, a similar tax loss, or a tax credit carryforward exists. This guidance will be effective for the Company beginning in the first quarter of 2014. The Company does not expect the adoption to have a material impact on its consolidated financial statements. | ||||||||||||
Reclassifications | ' | |||||||||||
Reclassifications | ||||||||||||
Certain prior period amounts in the consolidated financial statements, and notes thereto, have been reclassified to conform to current period presentation | ||||||||||||
Basis_of_Presentation_and_Gene2
Basis of Presentation and General Information (Tables) | 12 Months Ended | |||||||||||
Dec. 27, 2013 | ||||||||||||
Basis Of Presentation And General Information [Abstract] | ' | |||||||||||
Carrying Amount And Activity Of Goodwill | ' | |||||||||||
Hackett | ||||||||||||
The Hackett | Technology | |||||||||||
Group | Solutions | Total | ||||||||||
Balance at December 30, 2011 | $ 44,225 | $ 31,333 | $ 75,558 | |||||||||
Foreign currency translation adjustment | 662 | - | 662 | |||||||||
Balance at December 28, 2012 | 44,887 | 31,333 | 76,220 | |||||||||
Allocation of goodwill related to discontinued operations | - | -199 | -199 | |||||||||
Foreign currency translation adjustment | 262 | - | 262 | |||||||||
Balance at December 27, 2013 | $ 45,149 | $ 31,134 | $ 76,283 | |||||||||
Components Of Other Intangible Assets, Included In Other Assets | ' | |||||||||||
27-Dec-13 | 28-Dec-12 | |||||||||||
Gross carrying amount | $ 14,699 | $ 14,699 | ||||||||||
Accumulated amortization | -14,260 | -13,658 | ||||||||||
Foreign currency translation adjustment | 6 | -4 | ||||||||||
$ 445 | $ 1,037 | |||||||||||
Reconciliation Of Basic And Diluted Weighted Average Shares | ' | |||||||||||
Year Ended | ||||||||||||
27-Dec-13 | 28-Dec-12 | 30-Dec-11 | ||||||||||
Basic weighted average common shares outstanding | 30,283,298 | 31,703,544 | 39,895,422 | |||||||||
Effect of dilutive securities: | ||||||||||||
Unvested restricted stock units and common stock subject | ||||||||||||
to vesting requirements issued to employees | 1,809,565 | 1,765,351 | 1,919,151 | |||||||||
Common stock issuable upon the exercise of stock options | 22,802 | 41,817 | 60,821 | |||||||||
Dilutive weighted average common shares outstanding | 32,115,665 | 33,510,712 | 41,875,394 | |||||||||
Accounts_Receivable_And_Unbill1
Accounts Receivable And Unbilled Revenue, Net (Tables) | 12 Months Ended | |||||||
Dec. 27, 2013 | ||||||||
Accounts Receivable And Unbilled Revenue, Net [Abstract] | ' | |||||||
Accounts Receivable And Unbilled Revenue, Net | ' | |||||||
December 27, | December 28, | |||||||
2013 | 2012 | |||||||
Accounts receivable | $ 27,147 | $ 31,260 | ||||||
Unbilled revenue | 8,538 | 6,860 | ||||||
Allowance for doubtful accounts | -1,674 | -1,251 | ||||||
$ 34,011 | $ 36,869 | |||||||
Property_And_Equipment_Net_Tab
Property And Equipment, Net (Tables) | 12 Months Ended | |||||||
Dec. 27, 2013 | ||||||||
Property and Equipment, net [Abstract] | ' | |||||||
Schedule Of Property And equipment | ' | |||||||
December 27, | December 28, | |||||||
2013 | 2012 | |||||||
Equipment | $ 4,814 | $ 4,881 | ||||||
Software | 19,815 | 17,834 | ||||||
Leasehold improvements | 518 | 546 | ||||||
Furniture and fixtures | 609 | 615 | ||||||
Automobile | - | 22 | ||||||
25,756 | 23,898 | |||||||
Less accumulated depreciation | -12,737 | -11,039 | ||||||
$ 13,019 | $ 12,859 | |||||||
Accrued_Expenses_And_Other_Lia1
Accrued Expenses And Other Liabilities (Tables) | 12 Months Ended | |||||||
Dec. 27, 2013 | ||||||||
Accrued Expenses And Other Liabilities [Abstract] | ' | |||||||
Components Of Accrued Expenses And Other Liabilities | ' | |||||||
December 27, | December 28, | |||||||
2013 | 2012 | |||||||
Accrued compensation and benefits | $ 5,163 | $ 5,559 | ||||||
Accrued bonuses | 5,899 | 6,113 | ||||||
Accrued restructuring related expenses | 134 | 246 | ||||||
Deferred revenue | 8,345 | 7,684 | ||||||
Accrued sales, use, franchise and VAT tax | 1,393 | 2,271 | ||||||
Other accrued expenses | 4,712 | 4,611 | ||||||
Total accrued expenses and other liabilities | $ 25,646 | $ 26,484 | ||||||
Lease_Commitments_Tables
Lease Commitments (Tables) | 12 Months Ended | |||||
Dec. 27, 2013 | ||||||
Lease Commitments [Abstract] | ' | |||||
Future Minimum Lease Commitments Under Non-Cancelable Operating Leases | ' | |||||
Rental | ||||||
Payments | ||||||
2014 | $ 1,624 | |||||
2015 | 1,351 | |||||
2016 | 958 | |||||
2017 | 257 | |||||
2018 | 8 | |||||
Total | $ 4,198 | |||||
Restructuring_Costs_Tables
Restructuring Costs (Tables) | 12 Months Ended | ||||||
Dec. 27, 2013 | |||||||
Restructuring Costs [Abstract] | ' | ||||||
Summary Of Restructuring Expense Accruals | ' | ||||||
Severance and Other Employee Costs | Exit, Closure and Consolidation of Facilities | Total | |||||
Accrual balance at December 30, 2011 | $ - | $ 603 | $ 603 | ||||
2012 Expenditures | - | -146 | -146 | ||||
2012 Benefit | - | -211 | -211 | ||||
Accrual balance at December 28, 2012 | - | 246 | 246 | ||||
2013 Expenditures | - | -112 | -112 | ||||
Accrual balance at December 27, 2013 | $ - | $ 134 | $ 134 | ||||
Credit_Facility_Tables
Credit Facility (Tables) | 12 Months Ended | |||||
Dec. 27, 2013 | ||||||
Credit Facility [Abstract] | ' | |||||
Future Schedule Of Annual Amortization Of Principal | ' | |||||
Principal Amortization | ||||||
Payments | ||||||
2014 | $ - | |||||
2015 | 2,913 | |||||
2016 | 3,304 | |||||
2017 | 4,406 | |||||
2018 | 8,406 | |||||
Total | $ 19,029 | |||||
Income_Taxes_Tables
Income Taxes (Tables) | 12 Months Ended | |||||||||||||
Dec. 27, 2013 | ||||||||||||||
Income Taxes [Abstract] | ' | |||||||||||||
Components Of Income (Loss) Before Income Taxes | ' | |||||||||||||
Year Ended | ||||||||||||||
27-Dec-13 | 28-Dec-12 | 30-Dec-11 | ||||||||||||
Domestic | $ 15,823 | $ 15,269 | $ 15,999 | |||||||||||
Foreign | -696 | 950 | 1,275 | |||||||||||
Income before income taxes | $ 15,127 | $ 16,219 | $ 17,274 | |||||||||||
Components of income Tax (Benefit) Expense | ' | |||||||||||||
Year Ended | ||||||||||||||
27-Dec-13 | 28-Dec-12 | 30-Dec-11 | ||||||||||||
Current tax expense (benefit) | ||||||||||||||
Federal | $ 10 | $ (314) | $ 32 | |||||||||||
State | 530 | 961 | 484 | |||||||||||
Foreign | 103 | 66 | 246 | |||||||||||
643 | 713 | 762 | ||||||||||||
Deferred tax expense (benefit) | ||||||||||||||
Federal | 6,450 | 4,532 | -5,257 | |||||||||||
State | 394 | -3,587 | - | |||||||||||
Foreign | -1,089 | -2,136 | - | |||||||||||
5,755 | -1,191 | -5,257 | ||||||||||||
Income tax expense (benefit) | $ 6,398 | $ (478) | $ (4,495) | |||||||||||
Reconciliation Of The Federal Statutory Tax Rate With The Effective Tax Rate | ' | |||||||||||||
Year Ended | ||||||||||||||
27-Dec-13 | 28-Dec-12 | 30-Dec-11 | ||||||||||||
U.S statutory income tax expense rate | 35.0 | % | 35.0 | % | 35.0 | % | ||||||||
State income taxes, net of federal income tax expense | 4.0 | 8.0 | 1.8 | |||||||||||
Valuation reduction | -0.5 | -47.7 | -69.3 | |||||||||||
Meals and entertainment | 1.7 | 1.5 | 1.3 | |||||||||||
Foreign exchange loss | 0.4 | 0.1 | 0.9 | |||||||||||
Other, net | 1.7 | 0.1 | 4.3 | |||||||||||
Effective tax rate | 42.3 | % | -3 | % | -26 | % | ||||||||
Components Of The Net Deferred income Tax Asset (Liability) | ' | |||||||||||||
Year Ended | ||||||||||||||
27-Dec-13 | 28-Dec-12 | |||||||||||||
Deferred income tax assets: | ||||||||||||||
Allowance for doubtful accounts | $ 661 | $ 521 | ||||||||||||
Net operating loss and tax credits carryforward | 12,855 | 18,423 | ||||||||||||
Accrued expenses and other liabilities | 3,967 | 2,759 | ||||||||||||
17,483 | 21,703 | |||||||||||||
Valuation allowance | -1,569 | -1,624 | ||||||||||||
15,914 | 20,079 | |||||||||||||
Deferred income tax liabilities: | ||||||||||||||
Depreciation and amortization | -4,614 | -4,153 | ||||||||||||
Tax over book amortization on goodwill | -10,546 | -9,470 | ||||||||||||
Other items | -11 | -5 | ||||||||||||
-15,171 | -13,628 | |||||||||||||
Net deferred income tax asset (liability) | $ 743 | $ 6,451 | ||||||||||||
Detail And Activity Of The ASC 740-10 Liability | ' | |||||||||||||
Year Ended | ||||||||||||||
27-Dec-13 | 28-Dec-12 | |||||||||||||
Beginning balance | $ 1,015 | $ 170 | ||||||||||||
Additions based on tax positions | - | 845 | ||||||||||||
Reduction for prior year tax deductions | -299 | - | ||||||||||||
Ending balance | $ 716 | $ 1,015 | ||||||||||||
Stock_Based_Compensation_Table
Stock Based Compensation (Tables) | 12 Months Ended | |||||||||||
Dec. 27, 2013 | ||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | |||||||||||
Summary Of Stock Option Activity Under The Company's Stock Option Plans | ' | |||||||||||
Stock option activity under the Company’s stock option plans for the year ended December 27, 2013 is summarized as follows: | ||||||||||||
Option Shares | Weighted Average Exercise Price | Weighted Average Remaining Contractual Term | Aggregate Intrinsic Value | |||||||||
Outstanding as of December 28, 2012 | 3,898,864 | $ 4.34 | ||||||||||
Exercised | -109,683 | 4.29 | ||||||||||
Forfeited or expired (1) | -3,422,467 | 4.33 | ||||||||||
Outstanding as of December 27, 2013 | 366,714 | $ 4.39 | 3.29 | $ 681,907 | ||||||||
Exercisable at December 27, 2013 | 86,714 | $ 5.63 | 0.63 | $ 63,107 | ||||||||
(1) Includes 2,916,563 of unvested performance-based stock options surrendered and replaced with SARs and 470,000 vested stock options surrendered and replaced with SARs. See SARs discussion below. | ||||||||||||
A summary of the Company’s stock option activity for the years ended December 28, 2012 and December 30, 2011 was as follows: | ||||||||||||
28-Dec-12 | 30-Dec-11 | |||||||||||
Option Shares | Weighted Average Exercise Price | Option Shares | Weighted Average Exercise Price | |||||||||
Outstanding at beginning of year | 867,375 | $ 5.53 | 982,328 | $ 5.62 | ||||||||
Granted | 3,196,563 | 4.00 | - | - | ||||||||
Exercised | -76,986 | 2.53 | -24,000 | 2.46 | ||||||||
Forfeited or expired | -88,088 | 5.46 | -90,953 | 7.23 | ||||||||
Outstanding at end of year | 3,898,864 | $ 4.34 | 867,375 | $ 5.53 | ||||||||
Exercisable at end of year | 702,301 | $ 5.86 | 867,167 | $ 5.53 | ||||||||
Other Information Pertaining To Stock Option Activity | ' | |||||||||||
Year Ended | ||||||||||||
27-Dec-13 | 28-Dec-12 | 30-Dec-11 | ||||||||||
Total intrinsic value of stock options exercised | $ 163 | $ 177 | $ 41 | |||||||||
Summary Information About The Company's Stock Options Outstanding | ' | |||||||||||
Options Outstanding | Options Exercisable | |||||||||||
Range of Exercise Prices | Number Outstanding | Weighted Average Remaining Contractual Life (Years) | Weighted Average Exercise Price | Number Exercisable | Weighted Average Exercise Price | |||||||
$0.00 - $4.06 | 305,167 | 3.2 | $ 4.00 | 25,167 | $ 3.96 | |||||||
$4.07 - $8.13 | 61,547 | 0.1 | 6.32 | 61,547 | 6.32 | |||||||
366,714 | 3.3 | $ 4.39 | 86,714 | $ 5.63 | ||||||||
Summary Of Assumptions Used To Determine Fair Value | ' | |||||||||||
Expected volatility | 43% | |||||||||||
Risk-free rate | 0.35% | |||||||||||
Expected term (in years) | 6-Feb | |||||||||||
Summary Of Restricted Stock Unit Activity | ' | |||||||||||
Number of Restricted Stock Units | Weighted Average Grant-Date Fair Value | |||||||||||
Nonvested balance as of December 28, 2012 | 2,547,831 | $ 3.69 | ||||||||||
Granted | 1,261,783 | 4.68 | ||||||||||
Vested | -777,365 | 3.45 | ||||||||||
Forfeited | -121,945 | 3.90 | ||||||||||
Nonvested balance as of December 27, 2013 | 2,910,304 | $ 4.17 | ||||||||||
Summary Of Activity For Common Stock Subject To Vesting Requirements | ' | |||||||||||
Number of Shares of Common Stock Subject to Vesting Requirements | Weighted Average Grant-Date Fair Value | |||||||||||
Nonvested balance as of December 28, 2012 | 395,743 | $ 3.58 | ||||||||||
Vested | -218,096 | 3.28 | ||||||||||
Nonvested balance as of December 27, 2013 | 177,647 | $ 3.31 | ||||||||||
Stock Appreciation Rights (SARs) [Member] | ' | |||||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | |||||||||||
Summary Of Stock Option Activity Under The Company's Stock Option Plans | ' | |||||||||||
Number of SARs | Weighted Average Exercise Price | Weighted Average Fair Value | ||||||||||
Outstanding as of December 28, 2012 | - | $ - | $ - | |||||||||
Granted | 3,386,563 | 4.31 | 0.99 | |||||||||
Outstanding as of December 27, 2013 | 3,386,563 | $ 4.31 | $ 0.99 | |||||||||
Exercisable at December 27, 2013 | 470,000 | $ 6.25 | $ 1.23 | |||||||||
Summary Of Assumptions Used To Determine Fair Value | ' | |||||||||||
Expected volatility | 28% - 43% | |||||||||||
Risk-free rate | 0.35% | |||||||||||
Expected term (in years) | 3-Feb | |||||||||||
Geographic_And_Service_Group_I1
Geographic And Service Group Information (Tables) | 12 Months Ended | ||||||||||
Dec. 27, 2013 | |||||||||||
Geographic And Service Group Information [Abstract] | ' | ||||||||||
Geographic Revenue | ' | ||||||||||
Year Ended | |||||||||||
December 27, | December 28, | December 30, | |||||||||
2013 | 2012 | 2011 | |||||||||
Revenue: | |||||||||||
North America | $ 179,539 | $ 173,650 | $ 158,836 | ||||||||
International (primarily European countries) | 44,291 | 49,086 | 50,227 | ||||||||
Total revenue | $ 223,830 | $ 222,736 | $ 209,063 | ||||||||
Long-Lived Assets Attributable To Geographic Area | ' | ||||||||||
Year Ended | |||||||||||
December 27, | December 28, | ||||||||||
2013 | 2012 | ||||||||||
Long-Lived Assets: | |||||||||||
North America | $ 74,095 | $ 74,407 | |||||||||
International (primarily European countries) | 16,246 | 16,270 | |||||||||
Total long-lived assets | $ 90,341 | $ 90,677 | |||||||||
Revenue By Service Group | ' | ||||||||||
Year Ended | |||||||||||
December 27, | December 28, | December 30, | |||||||||
2013 | 2012 | 2011 | |||||||||
The Hackett Group | $ 184,112 | $ 187,787 | $ 181,824 | ||||||||
ERP Solutions | 39,718 | 34,949 | 27,239 | ||||||||
Total revenue | $ 223,830 | $ 222,736 | $ 209,063 | ||||||||
Quarterly_Financial_Informatio1
Quarterly Financial Information (Tables) | 12 Months Ended | ||||||||||||||
Dec. 27, 2013 | |||||||||||||||
Quarterly Financial Information [Abstract] | ' | ||||||||||||||
Unaudited Supplemental Quarterly Financial Information | ' | ||||||||||||||
Quarter Ended | |||||||||||||||
29-Mar-13 | 28-Jun-13 | September 27, 2013 | December 27, 2013 | ||||||||||||
Total revenue | $ | 54,349 | $ | 58,961 | $ | 57,916 | $ | 52,604 | |||||||
Operating income | $ | 3,529 | $ | 5,085 | $ | 4,717 | $ | 2,396 | |||||||
Income from continuing operations | $ | 2,029 | $ | 2,930 | $ | 2,699 | $ | 1,206 | |||||||
(Loss) income from discontinued operations | $ | -71 | $ | - | $ | -64 | $ | - | |||||||
Net income | $ | 1,958 | $ | 2,930 | $ | 2,635 | $ | 1,206 | |||||||
Basic net income (loss) per common share: | |||||||||||||||
Income per common share from continuing operations | $ | 0.06 | $ | 0.10 | $ | 0.09 | $ | 0.04 | |||||||
(Loss) income per common share from discontinued operations | - | - | - | - | |||||||||||
Net income per common share | $ | 0.06 | $ | 0.10 | $ | 0.09 | $ | 0.04 | |||||||
Diluted net income (loss) per common share: | |||||||||||||||
Income per common share from continuing operations | $ | 0.07 | $ | 0.09 | $ | 0.08 | $ | 0.04 | |||||||
(Loss) income per common share from discontinued operations | -0.01 | - | - | - | |||||||||||
Net income per common share | $ | 0.06 | $ | 0.09 | $ | $ 0.08 | $ | 0.04 | |||||||
Quarter Ended | |||||||||||||||
March 30, 2012 | June 29, 2012 | September 28, 2012 | December 28, 2012 | ||||||||||||
Total revenue | $ | 54,083 | $ | 57,964 | $ | 55,647 | $ | 55,042 | |||||||
Operating income | $ | 3,977 | $ | 4,483 | $ | 4,538 | $ | 4,053 | |||||||
Income from continuing operations | $ | 3,851 | $ | 3,838 | $ | 2,593 | $ | 6,637 | |||||||
(Loss) income from discontinued operations | $ | -318 | $ | 7 | $ | 43 | $ | 46 | |||||||
Net income (1) | $ | 3,533 | $ | 3,845 | $ | 2,636 | $ | 6,683 | |||||||
Basic net income (loss) per common share: | |||||||||||||||
Income per common share from continuing operations | $ | 0.10 | $ | 0.13 | $ | 0.09 | $ | 0.23 | |||||||
(Loss) income per common share from discontinued operations | -0.01 | - | - | - | |||||||||||
Net income per common share | $ | 0.09 | $ | 0.13 | $ | 0.09 | $ | 0.23 | |||||||
Diluted net income (loss) per common share: | |||||||||||||||
Income per common share from continuing operations | $ | 0.10 | $ | 0.12 | $ | 0.08 | $ | 0.21 | |||||||
(Loss) income per common share from discontinued operations | -0.01 | - | - | - | |||||||||||
Net income per common share | $ | 0.09 | $ | 0.12 | $ | 0.08 | $ | $ 0.21 | |||||||
(1) The quarter ended December 28, 2012 included the benefit of the release of $6.7 million of deferred income tax asset valuation allowance. Quarterly basic and diluted net income per common share were computed independently for each quarter and do not necessarily total to the year to date basic and diluted net income per common share. | |||||||||||||||
Basis_of_Presentation_and_Gene3
Basis of Presentation and General Information (Narrative) (Details) (USD $) | 12 Months Ended | ||
Share data in Millions, except Per Share data, unless otherwise specified | Dec. 27, 2013 | Dec. 28, 2012 | Dec. 30, 2011 |
customer | customer | customer | |
segment | |||
Insurance coverage revert to depositor | $250,000 | ' | ' |
Annual cash dividend per share | $0.10 | ' | ' |
Period of intangible assets amortized | '5 years | ' | ' |
Goodwill write off | 200,000 | ' | ' |
Future amortization expense | $400,000 | ' | ' |
Common stock excluded from reconciliation | 0.8 | 3.9 | 0.9 |
Number of customers accounted for more than five percent of revenue | 0 | 0 | 0 |
Number of operating segments | 1 | ' | ' |
Minimum [Member] | ' | ' | ' |
Useful life of property and equipments | '3 years | ' | ' |
Provisions apply to specific employees | '6 months | ' | ' |
Maximum [Member] | ' | ' | ' |
Useful life of property and equipments | '7 years | ' | ' |
Provisions apply to specific employees | '12 months | ' | ' |
Basis_of_Presentation_and_Gene4
Basis of Presentation and General Information (Carrying Amount And Activity Of Goodwill)(Details) (USD $) | 12 Months Ended | |||||
In Thousands, unless otherwise specified | Dec. 27, 2013 | Dec. 28, 2012 | Dec. 27, 2013 | Dec. 28, 2012 | Dec. 27, 2013 | Dec. 30, 2011 |
The Hackett Group [Member] | The Hackett Group [Member] | Hackett Technology Solutions [Member] | Hackett Technology Solutions [Member] | |||
Carrying amount and activity of goodwill | ' | ' | ' | ' | ' | ' |
Goodwill, Beginning Balance | $76,220 | $75,558 | $44,887 | $44,225 | $31,333 | $31,333 |
Allocation of goodwill related to discontinued operations | -199 | ' | ' | ' | -199 | ' |
Foreign currency translation adjustment | 262 | 662 | 262 | 662 | ' | ' |
Goodwill, Ending Balance | $76,283 | $76,220 | $45,149 | $44,887 | $31,134 | $31,333 |
Basis_of_Presentation_and_Gene5
Basis of Presentation and General Information (Components Of Other Intangible Assets, Included In Other Assets)(Details) (USD $) | Dec. 27, 2013 | Dec. 28, 2012 |
In Thousands, unless otherwise specified | ||
Components of Other intangible assets, included in other assets | ' | ' |
Gross carrying amount | $14,699 | $14,699 |
Accumulated amortization | -14,260 | -13,658 |
Foreign currency translation adjustment | 6 | -4 |
Intangible Assets, net | $445 | $1,037 |
Basis_of_Presentation_and_Gene6
Basis of Presentation and General Information (Reconciliation Of Basic And Diluted Weighted Average Shares)(Details) | 12 Months Ended | ||
Dec. 27, 2013 | Dec. 28, 2012 | Dec. 30, 2011 | |
Basis Of Presentation And General Information [Abstract] | ' | ' | ' |
Basic weighted average common shares outstanding | 30,283,298 | 31,703,544 | 39,895,422 |
Unvested restricted stock units and common stock subject to vesting requirements issued to employees | 1,809,565 | 1,765,351 | 1,919,151 |
Common stock issuable upon the exercise of stock options | 22,802 | 41,817 | 60,821 |
Dilutive weighted average common shares outstanding | 32,115,665 | 33,510,712 | 41,875,394 |
Accounts_Receivable_And_Unbill2
Accounts Receivable And Unbilled Revenue, Net (Details) (USD $) | Dec. 27, 2013 | Dec. 28, 2012 |
In Thousands, unless otherwise specified | ||
Accounts Receivable And Unbilled Revenue, Net [Abstract] | ' | ' |
Accounts receivable | $27,147 | $31,260 |
Unbilled revenue | 8,538 | 6,860 |
Allowance for doubtful accounts | -1,674 | -1,251 |
Accounts receivable and unbilled revenue, net | $34,011 | $36,869 |
Property_And_Equipment_Net_Nar
Property And Equipment, Net (Narrative) (Details) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 27, 2013 | Dec. 28, 2012 | Dec. 30, 2011 |
Property and Equipment, net [Abstract] | ' | ' | ' |
Depreciation expense | $1,883 | $2,080 | $2,014 |
Property_And_Equipment_Net_Sch
Property And Equipment, Net (Schedule Of Property And equipment) (Details) (USD $) | Dec. 27, 2013 | Dec. 28, 2012 |
In Thousands, unless otherwise specified | ||
Property Plant And Equipment [Line Items] | ' | ' |
Property and equipment, gross | $25,756 | $23,898 |
Less accumulated depreciation | -12,737 | -11,039 |
Property, Plant and Equipment, Net, Total | 13,019 | 12,859 |
Equipment [Member] | ' | ' |
Property Plant And Equipment [Line Items] | ' | ' |
Property and equipment, gross | 4,814 | 4,881 |
Software [Member] | ' | ' |
Property Plant And Equipment [Line Items] | ' | ' |
Property and equipment, gross | 19,815 | 17,834 |
Leasehold Improvements [Member] | ' | ' |
Property Plant And Equipment [Line Items] | ' | ' |
Property and equipment, gross | 518 | 546 |
Furniture And Fixtures [Member] | ' | ' |
Property Plant And Equipment [Line Items] | ' | ' |
Property and equipment, gross | 609 | 615 |
Automobile [Member] | ' | ' |
Property Plant And Equipment [Line Items] | ' | ' |
Property and equipment, gross | ' | $22 |
Restricted_Cash_Details
Restricted Cash (Details) (USD $) | Dec. 27, 2013 | Dec. 28, 2012 |
In Thousands, unless otherwise specified | ||
Restricted Cash [Abstract] | ' | ' |
Deposit with financial institutions | $354 | $683 |
Accrued_Expenses_And_Other_Lia2
Accrued Expenses And Other Liabilities (Details) (USD $) | Dec. 27, 2013 | Dec. 28, 2012 |
In Thousands, unless otherwise specified | ||
Accrued Expenses And Other Liabilities [Abstract] | ' | ' |
Accrued compensation and benefits | $5,163 | $5,559 |
Accrued bonuses | 5,899 | 6,113 |
Accrued restructuring related expenses | 134 | 246 |
Deferred revenue | 8,345 | 7,684 |
Accrued sales, use, franchise and VAT tax | 1,393 | 2,271 |
Other accrued expenses | 4,712 | 4,611 |
Total accrued expenses and other liabilities | $25,646 | $26,484 |
Lease_Commitments_Narrative_De
Lease Commitments (Narrative) (Details) (USD $) | 12 Months Ended | ||
In Millions, unless otherwise specified | Dec. 27, 2013 | Dec. 28, 2012 | Dec. 30, 2011 |
Lease Commitments [Abstract] | ' | ' | ' |
Rent expense, net of subleases | $1.90 | $2.10 | $2.20 |
Lease_Commitments_Future_Minim
Lease Commitments (Future Minimum Lease Commitments Under Non-Cancelable Operating Leases) (Details) (USD $) | Dec. 27, 2013 |
In Thousands, unless otherwise specified | |
Lease Commitments [Abstract] | ' |
2014 | $1,624 |
2015 | 1,351 |
2016 | 958 |
2017 | 257 |
2018 | 8 |
Total | $4,198 |
Restructuring_Costs_Narrative_
Restructuring Costs (Narrative) (Details) (USD $) | 12 Months Ended |
Dec. 28, 2012 | |
Restructuring Costs (Textual) [Abstract] | ' |
Restructuring costs | $0 |
Restructuring benefit | $211,000 |
Restructuring_Costs_Summary_Of
Restructuring Costs (Summary Of Restructuring Expense Accruals) (Details) (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Dec. 27, 2013 | Dec. 28, 2012 |
Restructuring Cost and Reserve [Line Items] | ' | ' |
Accrual balance | $246 | $603 |
expenditures | -112 | -146 |
benefit | ' | -211 |
Accrual balance | 134 | 246 |
Exit, Closure And Consolidation Of Facilities [Member] | ' | ' |
Restructuring Cost and Reserve [Line Items] | ' | ' |
Accrual balance | 246 | 603 |
expenditures | -112 | -146 |
benefit | ' | -211 |
Accrual balance | $134 | $246 |
Credit_Facility_Narrative_Deta
Credit Facility (Narrative) (Details) (USD $) | 12 Months Ended | 12 Months Ended | ||||||||||||
Dec. 27, 2013 | Oct. 15, 2013 | Dec. 28, 2012 | Mar. 21, 2012 | Feb. 21, 2012 | Dec. 27, 2013 | Dec. 27, 2013 | Dec. 27, 2013 | Dec. 28, 2012 | Feb. 21, 2012 | Dec. 27, 2013 | Dec. 28, 2012 | Feb. 21, 2012 | Aug. 27, 2013 | |
Base Rate [Member] | London Interbank Offered Rate (LIBOR) [Member] | Revolving line of credit facility [Member] | Revolving line of credit facility [Member] | Revolving line of credit facility [Member] | Term Loan [Member] | Term Loan [Member] | Term Loan [Member] | Revolving Line Of Credit Facility And Term Loan [Member] | ||||||
Line of Credit Facility [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Borrowing capacity under credit facility | ' | ' | ' | ' | ' | ' | ' | ' | ' | $20,000,000 | ' | ' | $30,000,000 | ' |
Credit facility amount outstanding | ' | ' | ' | ' | ' | ' | ' | ' | 0 | ' | ' | 25,000,000 | ' | ' |
Outstanding balance | ' | ' | ' | ' | ' | ' | ' | 0 | ' | ' | 19,000,000 | ' | ' | ' |
Interest rate per annum | 1.67% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Margin percentage base rate | ' | ' | ' | ' | ' | 1.50% | 0.75% | ' | ' | ' | ' | ' | ' | ' |
Issuance costs | ' | ' | ' | ' | 600,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Prepaid mandatory principal amortization | 7,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Additional amount drawn on loan | 4,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Mandatory principal amortization | 0 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Stock repurchase cost of tender offer net of fees and expenses related to tender offer | 7,170,000 | 6,900,000 | 55,587,000 | 55,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Additional borrowing capacity | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $17,000,000 |
Credit_Facility_Future_Schedul
Credit Facility (Future Schedule Of Annual Amortization Of Principal) (Details) (USD $) | Dec. 27, 2013 |
In Thousands, unless otherwise specified | |
Future principal amortization payment | ' |
2015 | $2,913 |
2016 | 3,304 |
2017 | 4,406 |
2018 | 8,406 |
Total | $19,029 |
Income_Taxes_Narrative_Details
Income Taxes (Narrative) (Details) (USD $) | 12 Months Ended | ||
Dec. 28, 2012 | Dec. 30, 2011 | Dec. 27, 2013 | |
Income Tax Examination [Line Items] | ' | ' | ' |
Income tax benefit included the valuation allowance | $6,700,000 | $5,300,000 | ' |
Foreign net operating loss carryforwards | ' | ' | 20,200,000 |
Valuation allowance | 1,624,000 | ' | 1,569,000 |
Accrued income tax-related interest and penalties | 212,000 | ' | 226,000 |
ASC 740-10 tax liabilities, current | 1,015,000 | 170,000 | 716,000 |
U.S. Federal [Member] | ' | ' | ' |
Income Tax Examination [Line Items] | ' | ' | ' |
U.S. operating loss carryforwards | ' | ' | 16,500,000 |
State [Member] | ' | ' | ' |
Income Tax Examination [Line Items] | ' | ' | ' |
U.S. operating loss carryforwards | ' | ' | 3,100,000 |
UNITED KINGDOM | ' | ' | ' |
Income Tax Examination [Line Items] | ' | ' | ' |
Foreign net operating loss carryforwards | ' | ' | 15,200,000 |
FRANCE | ' | ' | ' |
Income Tax Examination [Line Items] | ' | ' | ' |
Foreign net operating loss carryforwards | ' | ' | 1,400,000 |
GERMANY | ' | ' | ' |
Income Tax Examination [Line Items] | ' | ' | ' |
Foreign net operating loss carryforwards | ' | ' | $700,000 |
Income_Taxes_Components_Of_Inc
Income Taxes (Components Of Income (Loss) Before Income Taxes) (Details) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 27, 2013 | Dec. 28, 2012 | Dec. 30, 2011 |
Income Taxes [Abstract] | ' | ' | ' |
Domestic | $15,823 | $15,269 | $15,999 |
Foreign | -696 | 950 | 1,275 |
Income before income taxes | $15,127 | $16,219 | $17,274 |
Recovered_Sheet1
Income Taxes (Components of income Tax (Benefit) Expense) (Details) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 27, 2013 | Dec. 28, 2012 | Dec. 30, 2011 |
Current tax (benefit) expense | ' | ' | ' |
Federal | $10 | ($314) | $32 |
State | 530 | 961 | 484 |
Foreign | 103 | 66 | 246 |
Current Income Tax Expense (Benefit), Total | 643 | 713 | 762 |
Deferred tax (benefit) expense | ' | ' | ' |
Federal | 6,450 | 4,532 | -5,257 |
State | 394 | -3,587 | ' |
Foreign | -1,089 | -2,136 | ' |
Deferred Income Tax Expense (Benefit), Total | 5,755 | -1,191 | -5,257 |
Income Tax Expense (Benefit), Total | $6,398 | ($478) | ($4,495) |
Income_Taxes_Reconciliation_Of
Income Taxes (Reconciliation Of The Federal Statutory Tax Rate With The Effective Tax Rate) (Details) | 12 Months Ended | ||
Dec. 27, 2013 | Dec. 28, 2012 | Dec. 30, 2011 | |
Income Taxes [Abstract] | ' | ' | ' |
U.S. statutory income tax expense rate | 35.00% | 35.00% | 35.00% |
State income taxes, net of federal income tax benefit | 4.00% | 8.00% | 1.80% |
Valuation reduction | -0.50% | -47.70% | -69.30% |
Meals and entertainment | 1.70% | 1.50% | 1.30% |
Foreign exchange loss | 0.40% | 0.10% | 0.90% |
Other, net | 1.70% | 0.10% | 4.30% |
Effective tax rate | 42.30% | -3.00% | -26.00% |
Income_Taxes_Components_Of_The
Income Taxes (Components Of The Net Deferred income Tax Asset (Liability)) (Details) (USD $) | Dec. 27, 2013 | Dec. 28, 2012 |
In Thousands, unless otherwise specified | ||
Deferred income tax assets: | ' | ' |
Allowance for doubtful accounts | $661 | $521 |
Net operating loss and tax credits carryforward | 12,855 | 18,423 |
Accrued expenses and other liabilities | 3,967 | 2,759 |
Deferred Tax Assets, Total | 17,483 | 21,703 |
Valuation allowance | -1,569 | -1,624 |
Deferred tax assets, net | 15,914 | 20,079 |
Deferred income tax liabilities: | ' | ' |
Depreciation and amortization | -4,614 | -4,153 |
Tax over book amortization on goodwill | -10,546 | -9,470 |
Other items | -11 | -5 |
Deferred tax liabilities, net | -15,171 | -13,628 |
Net deferred income tax asset (liability) | $743 | $6,451 |
Income_Taxes_Detail_And_Activi
Income Taxes (Detail And Activity Of The ASC 740-10 Liability) (Details) (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Dec. 27, 2013 | Dec. 28, 2012 |
Income Taxes [Abstract] | ' | ' |
Unrecognized Tax Benefits, Beginning Balance | $1,015 | $170 |
Additions based on tax positions | ' | 845 |
Reduction for prior year tax deductions | -299 | ' |
Unrecognized Tax Benefits, Ending balance | $716 | $1,015 |
Stock_Based_Compensation_Narra
Stock Based Compensation (Narrative) (Details) (USD $) | 1 Months Ended | 12 Months Ended | 1 Months Ended | 12 Months Ended | 1 Months Ended | 12 Months Ended | ||||||||||||||
Mar. 31, 2013 | Dec. 27, 2013 | Dec. 28, 2012 | Dec. 30, 2011 | Dec. 27, 2013 | Dec. 28, 2012 | Dec. 30, 2011 | Dec. 27, 2013 | Dec. 28, 2012 | Dec. 30, 2011 | Mar. 31, 2013 | Dec. 27, 2013 | Dec. 31, 2012 | Dec. 28, 2012 | Mar. 31, 2013 | Mar. 31, 2013 | Dec. 27, 2013 | Dec. 28, 2012 | Dec. 27, 2013 | Dec. 27, 2013 | |
Restricted Stock Units (RSUs) [Member] | Restricted Stock Units (RSUs) [Member] | Restricted Stock Units (RSUs) [Member] | Common Stock Subject to Vesting Requirements [Member] | Common Stock Subject to Vesting Requirements [Member] | Common Stock Subject to Vesting Requirements [Member] | Performance Shares [Member] | Performance Shares [Member] | Performance Shares [Member] | Performance Shares [Member] | Performance Shares [Member] | Performance Shares [Member] | Stock Appreciation Rights (SARs) [Member] | Stock Appreciation Rights (SARs) And Stock Options [Member] | Minimum [Member] | Maximum [Member] | |||||
Chief Executive Officer [Member] | Chief Operating Officer [Member] | |||||||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Total share based compensation | ' | $6,119,000 | $5,522,000 | $4,605,000 | $4,800,000 | $4,200,000 | $3,700,000 | $800,000 | $700,000 | $900,000 | ' | $500,000 | ' | $600,000 | ' | ' | ' | ' | ' | ' |
Performance based stock option grant | ' | ' | 3,196,563 | ' | ' | ' | ' | ' | ' | ' | 2,916,563 | ' | ' | ' | 1,912,500 | 1,004,063 | 3,386,563 | ' | ' | ' |
Shares available for future issuance | ' | 1,978,796 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Options vesting period | ' | ' | ' | ' | ' | ' | ' | '5 years | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | '4 years | '10 years |
Fair value | $1.31 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $0.99 | $1.31 | ' | ' |
Existing restricted stock unit Exchange Percentage | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 50.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Growth of Pro-forma EPS Percentage | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 50.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Growth of Pro-forma EBITDA percentage | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 50.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Performance based stock option vesting term | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | '6 years | ' | ' | ' | ' | ' | ' | ' | ' |
Trailing period | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | '12 months | ' | ' | ' | ' | ' | ' | ' | ' |
Percentage of outstanding option on performance based | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 85.00% | ' | ' | ' | ' | ' | ' | ' |
weighted average fair value of stock options | $1.31 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $0.99 | $1.31 | ' | ' |
Performance based stock option grant, Exercise price | $4 | ' | $4 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $4.31 | ' | ' | ' |
Surrebdered shares | ' | 3,422,467 | 88,088 | 90,953 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 470,000 | ' | ' | ' |
Restricted stock units, vesting schedules options one | ' | ' | ' | ' | '4 years | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Restricted stock units, vesting schedules options two | ' | ' | ' | ' | '4 years | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Restricted stock units, vesting schedules options three | ' | ' | ' | ' | '3 years | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Percentage of vesting on restricted stock, option two, First anniversary | ' | ' | ' | ' | 25.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Percentage of vesting on restricted stock, option three, First anniversary | ' | ' | ' | ' | 33.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Percentage of vesting on restricted stock, option one, Second anniversary | ' | ' | ' | ' | 50.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Percentage of vesting on restricted stock, option two, Second anniversary | ' | ' | ' | ' | 25.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Percentage of vesting on restricted stock, option three, Second anniversary | ' | ' | ' | ' | 33.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Percentage of vesting on restricted stock, option one, Third anniversary | ' | ' | ' | ' | 25.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Percentage of vesting on restricted stock, option two, Third anniversary | ' | ' | ' | ' | 25.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Percentage of vesting on restricted stock, option three, Third anniversary | ' | ' | ' | ' | 33.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Percentage of vesting on restricted stock, option one, Fourth anniversary | ' | ' | ' | ' | 25.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Percentage of vesting on restricted stock, option two, Fourth anniversary | ' | ' | ' | ' | 25.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Compensation expense related to nonvested restricted stock unit based awards | ' | ' | ' | ' | 5,900,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Weighted average period, Restricted stock units | ' | ' | ' | ' | '1 year 8 months 1 day | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Compensation expense related to common stock subject to vesting requirements | ' | ' | ' | ' | ' | ' | ' | $90,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Weighted average period, Common stock | ' | ' | ' | ' | ' | ' | ' | '6 months | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Stock_Based_Compensation_Summa
Stock Based Compensation (Summary Of Stock Option Activity Under The Company's Stock Option Plans) (Details) (USD $) | 1 Months Ended | 12 Months Ended | ||
Mar. 31, 2013 | Dec. 27, 2013 | Dec. 28, 2012 | Dec. 30, 2011 | |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' | ' |
Outstanding, Option Shares, Beginning Balance | ' | 3,898,864 | 867,375 | 982,328 |
Granted, Option Shares | ' | ' | 3,196,563 | ' |
Exercised, Option Shares | ' | -109,683 | -76,986 | -24,000 |
Forfeited or expired, Option Shares | ' | -3,422,467 | -88,088 | -90,953 |
Outstanding, Option Shares, Ending Balance | ' | 366,714 | 3,898,864 | 867,375 |
Exercisable, Option Shares | ' | 86,714 | 702,301 | 867,167 |
Outstanding, Weighted Average Exercise Price, Beginning Balance | ' | $4.34 | $5.53 | $5.62 |
Granted, Weighted Average Exercise Price | $4 | ' | $4 | ' |
Exercised, Weighted Average Exercise Price | ' | $4.29 | $2.53 | $2.46 |
Forfeited or expired, Weighted Average Exercise Price | ' | $4.33 | $5.46 | $7.23 |
Outstanding, Weighted Average Exercise Price, Ending Balance | ' | $4.39 | $4.34 | $5.53 |
Exercisable, Weighted Average Exercise Price | ' | $5.63 | $5.86 | $5.53 |
Outstanding, Weighted Average Remaining Contractual Term | ' | '3 years 3 months 15 days | ' | ' |
Exercisable, Weighted Average Remaining Contractual Term | ' | '7 months 17 days | ' | ' |
Outstanding, Aggregate Intrinsic Value | ' | $681,907 | ' | ' |
Exercisable, Aggregate Intrinsic Value | ' | $63,107 | ' | ' |
Granted, Weighted Average Fair Value | $1.31 | ' | ' | ' |
Stock Appreciation Rights (SARs) [Member] | ' | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' | ' |
Outstanding, Option Shares, Beginning Balance | ' | ' | ' | ' |
Granted, Option Shares | ' | 3,386,563 | ' | ' |
Forfeited or expired, Option Shares | ' | -470,000 | ' | ' |
Outstanding, Option Shares, Ending Balance | ' | 3,386,563 | ' | ' |
Exercisable, Option Shares | ' | 470,000 | ' | ' |
Outstanding, Weighted Average Exercise Price, Beginning Balance | ' | ' | ' | ' |
Granted, Weighted Average Exercise Price | ' | $4.31 | ' | ' |
Outstanding, Weighted Average Exercise Price, Ending Balance | ' | $4.31 | ' | ' |
Exercisable, Weighted Average Exercise Price | ' | $6.25 | ' | ' |
Outstanding, Weighted Average Fair Value, Beginning Balance | ' | ' | ' | ' |
Granted, Weighted Average Fair Value | ' | $0.99 | ' | ' |
Outstanding, Weighted Average Fair Value, Ending Balance | ' | $0.99 | ' | ' |
Exercisable, Weighted Average Fair Value | ' | $1.23 | ' | ' |
Stock_Based_Compensation_Other
Stock Based Compensation (Other Information Pertaining To Stock Option Activity) (Details) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 27, 2013 | Dec. 28, 2012 | Dec. 30, 2011 |
Stock Based Compensation [Abstract] | ' | ' | ' |
Total intrinsic value of stock options exercised | $163 | $177 | $41 |
Stock_Based_Compensation_Summa1
Stock Based Compensation (Summary Information About The Company's Stock Options Outstanding) (Details) (USD $) | 12 Months Ended | |||
Dec. 27, 2013 | Dec. 28, 2012 | Dec. 30, 2011 | Dec. 31, 2010 | |
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items] | ' | ' | ' | ' |
Number of Outstanding Options | 366,714 | 3,898,864 | 867,375 | 982,328 |
Weighted Average Remaining Contractual Life, Options Outstanding | '3 years 3 months 18 days | ' | ' | ' |
Weighted Average Exercise Price | $4.39 | ' | ' | ' |
Number of Exercisable Options | 86,714 | 702,301 | 867,167 | ' |
Weighted Average Exercise Price, Options Exercisable | $5.63 | $5.86 | $5.53 | ' |
Range One [Member] | ' | ' | ' | ' |
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items] | ' | ' | ' | ' |
Range of Exercise Prices, Lower Range | $0 | ' | ' | ' |
Range of Exercise Prices, Upper Range | $4.06 | ' | ' | ' |
Number of Outstanding Options | 305,167 | ' | ' | ' |
Weighted Average Remaining Contractual Life, Options Outstanding | '3 years 2 months 12 days | ' | ' | ' |
Weighted Average Exercise Price | $4 | ' | ' | ' |
Number of Exercisable Options | 25,167 | ' | ' | ' |
Weighted Average Exercise Price, Options Exercisable | $3.96 | ' | ' | ' |
Range Two [Member] | ' | ' | ' | ' |
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items] | ' | ' | ' | ' |
Range of Exercise Prices, Lower Range | $4.07 | ' | ' | ' |
Range of Exercise Prices, Upper Range | $8.13 | ' | ' | ' |
Number of Outstanding Options | 61,547 | ' | ' | ' |
Weighted Average Remaining Contractual Life, Options Outstanding | '1 month 6 days | ' | ' | ' |
Weighted Average Exercise Price | $6.32 | ' | ' | ' |
Number of Exercisable Options | 61,547 | ' | ' | ' |
Weighted Average Exercise Price, Options Exercisable | $6.32 | ' | ' | ' |
Stock_Based_Compensation_Summa2
Stock Based Compensation (Summary Of Assumptions Used To Determine Fair Value) (Details) | 12 Months Ended |
Dec. 27, 2013 | |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' |
Expected volatility | 43.00% |
Risk-free rate | 0.35% |
Stock Appreciation Rights (SARs) [Member] | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' |
Risk-free rate | 0.35% |
Minimum [Member] | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' |
Expected term | '2 years |
Minimum [Member] | Stock Appreciation Rights (SARs) [Member] | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' |
Expected volatility | 28.00% |
Expected term | '2 years |
Maximum [Member] | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' |
Expected term | '6 years |
Maximum [Member] | Stock Appreciation Rights (SARs) [Member] | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' |
Expected volatility | 43.00% |
Expected term | '3 years |
Stock_Based_Compensation_Summa3
Stock Based Compensation (Summary Of Restricted Stock Unit Activity) (Details) (Restricted Stock Units (RSUs) [Member], USD $) | 12 Months Ended |
Dec. 27, 2013 | |
Restricted Stock Units (RSUs) [Member] | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' |
Number of Stock Units, Nonvested balance as of December 30, 2012 | 2,547,831 |
Number of Restricted Stock Units, Granted | 1,261,783 |
Number of Restricted Stock Units, Vested | -777,365 |
Number of Restricted Stock Units, Forfeited | -121,945 |
Number of Stock Units, Nonvested balance as of December 28, 2013 | 2,910,304 |
Weighted Average Grant-Date Fair Value, Nonvested balance as of December 30, 2012 | $3.69 |
Weighted average grant-date fair value | $4.68 |
Weighted Average Grant-Date Fair Value, Vested | $3.45 |
Weighted Average Grant-Date Fair Value, Forfeited | $3.90 |
Weighted Average Grant-Date Fair Value, Nonvested balance as of December 28, 2013 | $4.17 |
Stock_Based_Compensation_Summa4
Stock Based Compensation (Summary Of Activity For Common Stock Subject To Vesting Requirements) (Details) (Common Stock Subject to Vesting Requirements [Member], USD $) | 12 Months Ended |
Dec. 27, 2013 | |
Common Stock Subject to Vesting Requirements [Member] | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' |
Number of Stock Units, Nonvested balance as of December 30, 2012 | 395,743 |
Weighted Average Grant-Date Fair Value, Nonvested balance as of December 30, 2012 | $3.58 |
Number of Restricted Stock Units, Vested | -218,096 |
Weighted Average Grant-Date Fair Value, vested | $3.28 |
Number of Stock Units, Nonvested balance as of December 28, 2013 | 177,647 |
Weighted Average Grant-Date Fair Value, Nonvested balance as of December 28, 2013 | $3.31 |
Shareholders_Equity_Details
Shareholders' Equity (Details) (USD $) | 0 Months Ended | 1 Months Ended | 12 Months Ended | 144 Months Ended | |||||||
Dec. 28, 2012 | Feb. 26, 2004 | Sep. 26, 2013 | Aug. 28, 2013 | Jul. 30, 2002 | Dec. 27, 2013 | Dec. 28, 2012 | Dec. 30, 2011 | Dec. 28, 2013 | Oct. 15, 2013 | Mar. 21, 2012 | |
Stockholders Equity [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Stock repurchase authorized | ' | ' | $25,000,000 | $35,750,000 | $5,000,000 | $85,000,000 | ' | ' | ' | ' | ' |
Common stock, par value | $0.00 | ' | ' | ' | ' | $0.00 | $0.00 | ' | ' | ' | ' |
Price per share repurchased in tender offer | ' | ' | ' | ' | ' | ' | ' | ' | ' | $7 | $5 |
Stock repurchase cost of tender offer net of fees and expenses related to tender offer | 55,587,000 | ' | ' | ' | ' | 7,170,000 | 55,587,000 | ' | ' | 6,900,000 | 55,000,000 |
Percentage of issued and outstanding shares repurchased in tender offer | ' | ' | ' | ' | ' | ' | ' | ' | ' | 3.00% | 27.00% |
Number of stock repurchased in tender offer | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,000,000 | 11,000,000 |
Percentage of eligble compensation allowed, per grant purchase | ' | ' | ' | ' | ' | 10.00% | ' | ' | ' | ' | ' |
Interval between employee stock purchases | ' | ' | ' | ' | ' | '6 months | ' | ' | ' | ' | ' |
Employee purchase price as percentage of trading value | ' | ' | ' | ' | ' | 95.00% | ' | ' | ' | ' | ' |
Annual share repurchase authorized, value | ' | ' | ' | ' | ' | 25,000 | ' | ' | ' | ' | ' |
Employee stock purchase plan, expiration date | ' | ' | ' | ' | ' | 1-Jul-18 | ' | ' | ' | ' | ' |
Common stock available for issuance employee stock purchase plans | ' | ' | ' | ' | ' | 4,275,000 | ' | ' | ' | ' | ' |
Shares available for issuance, per offering period | ' | ' | ' | ' | ' | 400,000 | ' | ' | ' | ' | ' |
Shares issued under ESPP | ' | ' | ' | ' | ' | 126,330 | 117,757 | 137,215 | ' | ' | ' |
Additional stock repurchase authorized | ' | ' | ' | ' | ' | ' | ' | ' | 80,000,000 | ' | ' |
Repurchase of common stock | 21,200,000 | ' | ' | ' | ' | 22,200,000 | ' | ' | ' | ' | ' |
Purchase price per share | ' | ' | ' | ' | ' | $3.62 | $3.52 | ' | ' | ' | ' |
Amount available under repurchase plan | ' | ' | ' | ' | ' | 4,600,000 | ' | ' | ' | ' | ' |
Annual cash dividend per share | ' | ' | ' | ' | ' | $0.10 | ' | ' | ' | ' | ' |
Dividend payment | ' | ' | ' | ' | ' | -3,096,000 | -3,081,000 | ' | ' | ' | ' |
Number of shares issuable per right | ' | 0.001 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Purchase price of rights | ' | 32.5 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Percentage of outstanding common stock for determining exercisability of plan right | ' | 15.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Wanger Asset Management, L.P. [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Stockholders Equity [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Percentage of outstanding common stock for determining exercisability of plan right | ' | 20.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Minimum [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Stockholders Equity [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Price per share repurchased in tender offer | ' | ' | $6.50 | $5.75 | ' | ' | ' | ' | ' | ' | ' |
Period of service qualification | ' | ' | ' | ' | ' | '3 months | ' | ' | ' | ' | ' |
Maximum [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Stockholders Equity [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Price per share repurchased in tender offer | ' | ' | $7 | $6.50 | ' | ' | ' | ' | ' | ' | ' |
Subsequent Event [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Stockholders Equity [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Stock repurchase authorized | ' | ' | ' | ' | ' | 90,000,000 | ' | ' | ' | ' | ' |
Additional stock repurchase authorized | ' | ' | ' | ' | ' | $5,000,000 | ' | ' | ' | ' | ' |
Benefit_Plan_Details
Benefit Plan (Details) (USD $) | 12 Months Ended | ||
In Millions, unless otherwise specified | Dec. 27, 2013 | Dec. 28, 2012 | Dec. 30, 2011 |
Benefit Plan [Abstract] | ' | ' | ' |
Percentage of pre-tax annual compensation contributed to the plan | 15.00% | ' | ' |
Percentage of matching contributions of employee | 25.00% | 25.00% | 25.00% |
Percentage of matching contributions of employee's gross salary | 4.00% | 4.00% | 4.00% |
Company's matching contributions | $0.30 | $0.30 | $0.30 |
Recovered_Sheet2
Transactions With Related Parties (Details) (USD $) | 12 Months Ended | |||
In Thousands, except Share data, unless otherwise specified | Dec. 27, 2013 | Dec. 28, 2012 | Dec. 28, 2012 | Dec. 30, 2011 |
Director [Member] | Director [Member] | |||
Related Party Transaction [Line Items] | ' | ' | ' | ' |
Related party transactions | $0 | $0 | ' | ' |
Company's repurchase of common stock | ' | ' | ' | 393,250 |
Stock Repurchased average share price | ' | ' | $4.70 | $4.70 |
Geographic_And_Service_Group_I2
Geographic And Service Group Information (Narrative) (Details) (USD $) | Dec. 27, 2013 | Dec. 28, 2012 |
In Millions, unless otherwise specified | ||
Geographic And Service Group Information [Abstract] | ' | ' |
Goodwill included in foreign assets | $15.80 | $15.60 |
Intangible assets included in foreign assets | ' | $0.10 |
Geographic_And_Service_Group_I3
Geographic And Service Group Information (Geographic Revenue) (Details) (USD $) | 3 Months Ended | 12 Months Ended | |||||||||
In Thousands, unless otherwise specified | Dec. 27, 2013 | Sep. 27, 2013 | Jun. 28, 2013 | Mar. 29, 2013 | Dec. 28, 2012 | Sep. 28, 2012 | Jun. 29, 2012 | Mar. 30, 2012 | Dec. 27, 2013 | Dec. 28, 2012 | Dec. 30, 2011 |
Revenues from External Customers and Long-Lived Assets [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Total revenue | $52,604 | $57,916 | $58,961 | $54,349 | $55,042 | $55,647 | $57,964 | $54,083 | $223,830 | $222,736 | $209,063 |
North America [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Revenues from External Customers and Long-Lived Assets [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Total revenue | ' | ' | ' | ' | ' | ' | ' | ' | 179,539 | 173,650 | 158,836 |
International Primarily European Countries [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Revenues from External Customers and Long-Lived Assets [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Total revenue | ' | ' | ' | ' | ' | ' | ' | ' | $44,291 | $49,086 | $50,227 |
Geographic_And_Service_Group_I4
Geographic And Service Group Information (Long-Lived Assets Attributable To Geographic Area) (Details) (USD $) | Dec. 27, 2013 | Dec. 28, 2012 |
In Thousands, unless otherwise specified | ||
Revenues from External Customers and Long-Lived Assets [Line Items] | ' | ' |
Total long-lived assets | $90,341 | $90,677 |
North America [Member] | ' | ' |
Revenues from External Customers and Long-Lived Assets [Line Items] | ' | ' |
Total long-lived assets | 74,095 | 74,407 |
International Primarily European Countries [Member] | ' | ' |
Revenues from External Customers and Long-Lived Assets [Line Items] | ' | ' |
Total long-lived assets | $16,246 | $16,270 |
Geographic_And_Service_Group_I5
Geographic And Service Group Information (Revenue By Service Group) (Details) (USD $) | 3 Months Ended | 12 Months Ended | |||||||||
In Thousands, unless otherwise specified | Dec. 27, 2013 | Sep. 27, 2013 | Jun. 28, 2013 | Mar. 29, 2013 | Dec. 28, 2012 | Sep. 28, 2012 | Jun. 29, 2012 | Mar. 30, 2012 | Dec. 27, 2013 | Dec. 28, 2012 | Dec. 30, 2011 |
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Total revenue | $52,604 | $57,916 | $58,961 | $54,349 | $55,042 | $55,647 | $57,964 | $54,083 | $223,830 | $222,736 | $209,063 |
The Hackett Group [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Total revenue | ' | ' | ' | ' | ' | ' | ' | ' | 184,112 | 187,787 | 181,824 |
ERP Solutions [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Total revenue | ' | ' | ' | ' | ' | ' | ' | ' | $39,718 | $34,949 | $27,239 |
Quarterly_Financial_Informatio2
Quarterly Financial Information (Details) (USD $) | 3 Months Ended | 12 Months Ended | |||||||||||||
In Thousands, except Per Share data, unless otherwise specified | Dec. 27, 2013 | Sep. 27, 2013 | Jun. 28, 2013 | Mar. 29, 2013 | Dec. 28, 2012 | Sep. 28, 2012 | Jun. 29, 2012 | Mar. 30, 2012 | Dec. 27, 2013 | Dec. 28, 2012 | Dec. 30, 2011 | ||||
Quarterly Financial Information [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||
Total revenue | $52,604 | $57,916 | $58,961 | $54,349 | $55,042 | $55,647 | $57,964 | $54,083 | $223,830 | $222,736 | $209,063 | ||||
Operating income | 2,396 | 4,717 | 5,085 | 3,529 | 4,053 | 4,538 | 4,483 | 3,977 | 15,727 | 17,051 | 16,899 | ||||
Income (loss) from continuing operations | 1,206 | 2,699 | 2,930 | 2,029 | 6,637 | 2,593 | 3,838 | 3,851 | 8,864 | 16,919 | 21,427 | ||||
(Loss) income from discontinued operations | ' | -64 | ' | -71 | 46 | 43 | 7 | -318 | -135 | -222 | 342 | ||||
Net income | 1,206 | 2,635 | 2,930 | 1,958 | 6,683 | [1] | 2,636 | [1] | 3,845 | [1] | 3,533 | [1] | 8,729 | 16,697 | 21,769 |
Basic net income (loss) per common share: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||
Income (loss) per common share from continuing operations | $0.04 | $0.09 | $0.10 | $0.06 | $0.23 | $0.09 | $0.13 | $0.10 | $0.29 | $0.54 | $0.54 | ||||
(Loss) income per common share from discontinued operations | ' | ' | ' | ' | ' | ' | ' | ($0.01) | ' | ($0.01) | $0.01 | ||||
Net income per common share | $0.04 | $0.09 | $0.10 | $0.06 | $0.23 | $0.09 | $0.13 | $0.09 | $0.29 | $0.53 | $0.55 | ||||
Diluted net income (loss) per common share: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||
Income (loss) per common share from continuing operations | $0.04 | $0.08 | $0.09 | $0.07 | $0.21 | $0.08 | $0.12 | $0.10 | $0.28 | $0.51 | $0.51 | ||||
(Loss) income per common share from discontinued operations | ' | ' | ' | ($0.01) | ' | ' | ' | ($0.01) | ($0.01) | ($0.01) | $0.01 | ||||
Net income per common share | $0.04 | $0.08 | $0.09 | $0.06 | $0.21 | $0.08 | $0.12 | $0.09 | $0.27 | $0.50 | $0.52 | ||||
Release of deferred income tax valuation allowance | ' | ' | ' | ' | $6,700 | ' | ' | ' | $5,705 | ($1,191) | ($5,257) | ||||
[1] | The quarter ended DecemberB 28, 2012 included the benefit of the release of $6.7 million of deferred income tax asset valuation allowance. Quarterly basic and diluted net income per common share were computed independently for each quarter and do not necessarily total to the year to date basic and diluted net income per common share. |
Subsequent_Event_Details
Subsequent Event (Details) (Subsequent Event [Member], Technolab International Corporation [Member], USD $) | 12 Months Ended |
In Millions, unless otherwise specified | Dec. 27, 2013 |
Subsequent Event [Member] | Technolab International Corporation [Member] | ' |
Subsequent Event [Line Items] | ' |
Cash | $3 |
Common shares | 1 |
Vesting prevision | '4 years |
Contingent consideration in cash and stock subject to an earn-out | $8 |
Schedule_II_Valuation_and_Qual1
Schedule II - Valuation and Qualifying Accounts and Reserves (Details) (Allowance for Doubtful Accounts [Member], USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 27, 2013 | Dec. 28, 2012 | Dec. 30, 2011 |
Allowance for Doubtful Accounts [Member] | ' | ' | ' |
Valuation and Qualifying Accounts Disclosure [Line Items] | ' | ' | ' |
Balance at Beginning of Year | $1,251 | $799 | $1,486 |
Charge to Expense (Recovery) | 742 | 657 | -619 |
Write-offs | -319 | -205 | -68 |
Balance at End of Year | $1,674 | $1,251 | $799 |