BGSF (BGSF) 10-Q 1 Aug 16 2016 Q2 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	6 Months Ended
	Jun. 26, 2016	Aug. 01, 2016
Document And Entity Information [Abstract]
Entity Registrant Name	BG Staffing, Inc.
Entity Central Index Key	1,474,903
Current Fiscal Year End Date	--12-27
Entity Filer Category	Smaller Reporting Company
Trading Symbol	BGSF
Entity Common Stock, Shares Outstanding		8,668,328
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 26, 2016
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2,016

UNAUDITED CONSOLIDATED BALANCE

UNAUDITED CONSOLIDATED BALANCE SHEETS - USD ($)	Jun. 26, 2016	Dec. 27, 2015
Current assets
Accounts receivable (net of allowance for doubtful accounts of $449,823 and $446,548 at 2016 and 2015, respectively)	$ 31,557,638	$ 32,324,284
Prepaid expenses	648,102	861,146
Other current assets	121,671	134,170
Total current assets	32,327,411	33,319,600
Property and equipment, net	1,688,564	1,489,061
Other assets
Deposits	2,450,763	2,233,410
Deferred income taxes, net	9,171,494	8,411,792
Intangible assets, net	26,484,327	29,761,035
Goodwill	9,184,659	9,184,659
Total other assets	47,291,243	49,590,896
Total assets	81,307,218	84,399,557
Current liabilities
Accrued interest	125,895	627,638
Accounts payable	1,240,750	1,572,195
Accrued expenses	11,992,134	11,554,868
Accrued workers’ compensation	757,282	788,878
Contingent consideration, current portion	3,913,383	6,856,121
Other current liabilities	502,662	1,459,838
Accrued taxes	333,859	444,165
Total current liabilities	18,865,965	23,303,703
Line of credit (net of deferred finance fees of $151,589 and $175,524 for 2016 and 2015, respectively)	17,663,411	16,041,476
Long-term debt (net of deferred finance fees of $-0- and $443,800 for 2016 and 2015, respectively)	0	14,607,450
Contingent consideration, less current portion	4,667,940	4,191,160
Other long-term liabilities	299,351	327,344
Total liabilities	41,496,667	58,471,133
Commitments and contingencies
Preferred stock, $0.01 par value per share, 500,000 shares authorized, -0- shares issued and outstanding	0	0
Common stock, $0.01 par value per share; 19,500,000 shares authorized, 8,592,008 and 7,387,955 shares issued and outstanding for 2016 and 2015, respectively	85,920	73,880
Additional paid in capital	35,783,096	20,446,948
Retained earnings	3,941,535	5,407,596
Total stockholders’ equity	39,810,551	25,928,424
Total liabilities and stockholders’ equity	$ 81,307,218	$ 84,399,557

CONSOLIDATED BALANCE SHEETS _Pa

CONSOLIDATED BALANCE SHEETS [Parenthetical] - USD ($)	Jun. 26, 2016	Dec. 27, 2015
Statement of Financial Position [Abstract]
Allowance for doubtful accounts receivable, current	$ 449,823	$ 446,548
Preferred stock, par value (in USD per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized (in shares)	500,000	500,000
Preferred stock, shares issued (in shares)	0	0
Preferred stock, shares outstanding	0	0
Common stock, par value (in USD per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	19,500,000	19,500,000
Common stock, shares issued (in shares)	8,592,008	7,387,955
Common stock, shares outstanding (in shares)	8,592,008	7,387,955
Deferred finance costs, line of credit arrangements, net	$ 151,589	$ 175,524
Deferred finance costs, noncurrent, net	$ 0	$ 443,800

UNAUDITED CONSOLIDATED STATEMEN

UNAUDITED CONSOLIDATED STATEMENTS OF INCOME - USD ($)	3 Months Ended		6 Months Ended
	Jun. 26, 2016	Jun. 28, 2015	Jun. 26, 2016	Jun. 28, 2015
Income Statement [Abstract]
Revenues	$ 62,615,014	$ 49,781,392	$ 122,166,000	$ 90,665,537
Cost of services	47,430,489	38,915,474	93,634,845	71,458,596
Gross profit	15,184,525	10,865,918	28,531,155	19,206,941
Selling, general and administrative expenses	9,473,723	6,877,524	18,376,722	13,225,951
Depreciation and amortization	1,726,438	1,311,683	3,507,908	2,440,277
Operating income	3,984,364	2,676,711	6,646,525	3,540,713
Loss on extinguishment of debt, net	404,119	0	404,119	0
Interest expense, net	(1,296,557)	(558,776)	(2,576,214)	(1,090,493)
Change in fair value of put option	0	190,470	0	169,381
Income (loss) before income taxes	2,283,688	2,308,405	3,666,192	2,619,601
Income tax expense	886,207	846,399	1,435,573	993,359
Net income (loss)	$ 1,397,481	$ 1,462,006	$ 2,230,619	$ 1,626,242
Net income per share:
Basic (in dollars per share)	$ 0.18	$ 0.21	$ 0.30	$ 0.24
Diluted (in dollars per share)	$ 0.17	$ 0.20	$ 0.28	$ 0.23
Weighted-average shares outstanding:
Basic (shares)	7,711,050	6,978,414	7,548,931	6,788,279
Diluted (shares)	8,052,996	7,270,157	7,851,860	7,098,765

UNAUDITED CONSOLIDATED STATEME5

UNAUDITED CONSOLIDATED STATEMENT OF STOCKHOLDERS' EQUITY - 6 months ended Jun. 26, 2016 - USD ($)	Total	Preferred Stock	Common Stock	Additional Paid in Capital	Retained Earnings
Stockholders’ equity, December 27, 2015 at Dec. 27, 2015	$ 25,928,424	$ 0	$ 73,880	$ 20,446,948	$ 5,407,596
Stockholders’ equity, December 27, 2015 (in shares) at Dec. 27, 2015			7,387,955
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Share-based compensation	141,838			141,838
Common stock, value, issued	15,153,100		$ 11,912	15,141,188
Common stock, shares issued (in shares)			1,191,246
Exercise of common stock options	53,250		$ 128	53,122
Exercise of common stock options and warrants (in shares)			12,807
Cash dividend declared ($0.25 per share)	$ (3,696,680)				(3,696,680)
Common stock, dividends, per share, declared	$ 0.25
Net income (loss)	$ 2,230,619				2,230,619
Stockholders’ equity, June 26, 2016 at Jun. 26, 2016	$ 39,810,551	$ 0	$ 85,920	$ 35,783,096	$ 3,941,535
Stockholders’ equity, June 26, 2016 (in shares) at Jun. 26, 2016			8,592,008

UNAUDITED CONSOLIDATED STATEME6

UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)	6 Months Ended
	Jun. 26, 2016	Jun. 28, 2015
Cash flows from operating activities
Net income	$ 2,230,619	$ 1,626,242
Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation	231,200	135,798
Amortization	3,276,708	2,304,479
(Gain) Loss on disposal of property and equipment	(7,576)	230
Loss on extinguishment of debt, net	404,119	0
Contingent consideration adjustment	24,642	0
Amortization of deferred financing fees	63,914	86,700
Amortization of debt discounts	21,570	21,570
Interest expense on earn out payable	1,003,867	146,812
Paid-in-kind interest	192,696	121,667
Put option adjustment	0	(169,381)
Provision for doubtful accounts	46,916	225,662
Stock-based compensation	141,838	182,998
Deferred income taxes	(759,702)	(337,124)
Net changes in operating assets and liabilities, net of effects of acquisitions:
Accounts receivable	719,730	(2,375,923)
Prepaid expenses	213,044	232,172
Other current assets	12,499	(9,397)
Deposits	(217,352)	(221,423)
Accrued interest	(464,032)	(69,719)
Accounts payable	(331,445)	(482,228)
Accrued expenses	383,380	2,085,658
Accrued workers’ compensation	(31,596)	(441,474)
Other current liabilities	(921,131)	97,281
Accrued taxes	(110,306)	716,166
Other long-term liabilities	(28,291)	0
Net cash provided by operating activities	6,095,311	3,876,766
Cash flows from investing activities
Business acquired, net of cash received	0	(8,781,091)
Capital expenditures	(430,703)	(359,996)
Proceeds from the sale of property and equipment	7,576	560
Net cash used in investing activities	(423,127)	(9,140,527)
Cash flows from financing activities
Net borrowings under line of credit	1,598,000	3,700,000
Principal payments on long-term debt	(15,281,657)	(1,125,000)
Payments of dividends	(3,696,680)	(2,800,883)
Net proceeds from issuance of common stock	15,206,350	6,397,396
Contingent consideration paid	(3,498,197)	(838,876)
Deferred financing costs	0	(68,876)
Net cash (used in) provided by financing activities	(5,672,184)	5,263,761
Net change in cash and cash equivalents	0	0
Cash and cash equivalents, beginning of period	0	0
Cash and cash equivalents, end of period	0	0
Supplemental cash flow information:
Cash paid for interest	1,780,665	705,929
Cash paid for taxes, net of refunds	2,305,600	610,018
Non-cash transactions:
Retirement of put options	$ 0	$ 1,466,326

NATURE OF OPERATIONS

NATURE OF OPERATIONS	6 Months Ended
	Jun. 26, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Nature of Operations	NATURE OF OPERATIONS BG Staffing, Inc. is a provider of temporary staffing services that operates, along with its wholly owned subsidiaries BG Staffing, LLC, B G Staff Services Inc., BG Personnel, LP and BG Finance and Accounting, Inc. (“BGFA”) (collectively, the “Company”), primarily within the United States of America in three industry segments: Multifamily, Professional, and Commercial. The Multifamily segment provides front office and maintenance temporary workers to various apartment communities, in 18 states, via property management companies responsible for the apartment communities' day to day operations. The Professional segment provides skilled temporary workers on a nationwide basis for information technology ("IT") customer projects, and finance and accounting needs in Texas and Louisiana. The Commercial segment provides temporary workers primarily to logistics, distribution, and call center customers needing a flexible workforce in Illinois, Wisconsin, New Mexico, Texas, Tennessee and Mississippi. The accompanying unaudited consolidated financial statements have been prepared by the Company in accordance with generally accepted accounting principles in the United States (“GAAP”), pursuant to the applicable rules and regulations of the SEC. The information furnished herein reflects all adjustments (consisting only of normal recurring adjustments) that are, in the opinion of management, necessary to present a fair statement of the financial position and operating results of the Company as of and for the respective periods. However, these operating results are not necessarily indicative of the results expected for a full fiscal year or any other future period. Certain information and footnote disclosures normally included in annual financial statements prepared in accordance with generally accepted accounting principles have been omitted pursuant to such rules and regulations. However, management of the Company believes, to the best of their knowledge, that the disclosures herein are adequate to make the information presented not misleading. The Company has determined that there were no subsequent events that would require disclosure or adjustments to the accompanying consolidated financial statements through the date the financial statements were issued. The accompanying unaudited consolidated financial statements should be read in conjunction with the audited consolidated financial statements of the Company for the fiscal year ended December 27, 2015 , included in its Annual Report on Form 10-K.

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	6 Months Ended
	Jun. 26, 2016
Accounting Policies [Abstract]
Summary Of Significant Accounting Policies	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation The consolidated financial statements include the accounts of the Company. All significant intercompany transactions and balances have been eliminated in consolidation. Fiscal Periods The Company has a 52/53 week fiscal year. Fiscal periods for the consolidated financial statements included herein are as of June 26, 2016 and December 27, 2015 , and include the thirteen and twenty-six week periods ended June 26, 2016 and June 28, 2015 . Reclassifications Certain reclassifications have been made to the 2015 financial statements to conform with the 2016 presentation. Management Estimates The preparation of consolidated 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 revenues and expenses during the reporting period. Actual results could differ from those estimates. Significant estimates affecting the financial statements include goodwill and intangible assets and contingent consideration obligations related to acquisitions and put option valuation. Financial Instruments The Company uses fair value measurements in areas that include, but are not limited to: the allocation of purchase price consideration to tangible and identifiable intangible assets, contingent consideration and put option liability. The carrying values of cash and cash equivalents, accounts receivables, accounts payable, and other current assets and liabilities approximate their fair values because of the short-term nature of these instruments. The carrying value of the bank debt approximates fair value due to the variable nature of the interest rates under the credit agreement with Texas Capital Bank, National Association (“TCB”) that provides for a revolving credit facility (“Revolving Facility”) and current rates available to the Company for debt with similar terms and risk. Cash and Cash Equivalents Cash and cash equivalents include all highly liquid investments with an original maturity of three months or less. Concentration of Credit Risk Concentration of credit risk is limited due to the Company diverse customer base and their dispersion across many different industries and geographic locations nationwide. No single customer accounted for more than 10% of the Company’s accounts receivable as of June 26, 2016 and December 27, 2015 or revenue for the twenty-six week periods ended June 26, 2016 and June 28, 2015 . Geographic revenue in excess of 10% of the Company consolidated revenue was generated in the following areas: Twenty-six Weeks Ended June 26, June 28, North Carolina 10 % 12 % Maryland 14 % — % Rhode Island 15 % 19 % Texas 31 % 41 % Consequently, weakness in economic conditions in these regions could have a material adverse effect on the Company’s financial position and results of future operations. Accounts Receivable The Company extends credit to its customers in the normal course of business. Accounts receivable represents unpaid balances due from customers. The Company maintains an allowance for doubtful accounts for estimated losses resulting from customers’ non-payment of balances due to the Company. The Company’s determination of the allowance for uncollectible amounts is based on management’s judgments and assumptions, including general economic conditions, portfolio composition, prior loss experience, evaluation of credit risk related to certain individual customers and the Company’s ongoing examination process. Receivables are written off after they are deemed to be uncollectible after all means of collection have been exhausted. Recoveries of receivables previously written off are recorded when received. Changes in the allowance for doubtful accounts are as follows: Thirteen Weeks Ended Twenty-six Weeks Ended June 26, 2016 June 28, 2015 June 26, 2016 June 28, 2015 Beginning balance $ 449,823 $ 676,971 $ 446,548 $ 748,187 Provision for doubtful accounts 35,986 155,906 46,916 225,662 Amounts written off, net (35,986 ) (19,913 ) (43,641 ) (160,885 ) Ending balance $ 449,823 $ 812,964 $ 449,823 $ 812,964 Property and Equipment Property and equipment are stated net of accumulated depreciation and amortization of $1,081,862 and $859,274 at June 26, 2016 and December 27, 2015 , respectively. Long-Lived Assets The Company reviews its long-lived assets, primarily fixed assets, for impairment whenever events or changes in circumstances indicate that the carrying amount of the asset may not be recovered. The Company looks primarily to the undiscounted future cash flows in its assessment of whether or not long-lived assets have been impaired. There were no impairments during 2016 and 2015 . Intangible Assets The Company holds intangible assets with indefinite and finite lives. Intangible assets with indefinite useful lives are not amortized. Intangible assets with finite useful lives are amortized over their respective estimated useful lives, ranging from three to five years, based on a pattern in which the economic benefit of the respective intangible asset is realized. The Company annually evaluates the remaining useful lives of all intangible assets to determine whether events and circumstances warrant a revision to the remaining period of amortization. Goodwill Goodwill is not amortized, but instead is evaluated at the reporting unit level for impairment annually at the end of each fiscal year, or more frequently if conditions indicate an earlier review is necessary. If the Company has determined that it is more likely than not that the fair value for one or more reporting units is greater than their carrying value, the Company may use a qualitative assessment for the annual impairment test. Deferred Rent The Company recognizes rental expense on a straight-line basis over the life of the agreement. Deferred rent is recognized as the difference between cash payments and rent expense, including any landlord incentives. Paid-in-kind Interest The Company records paid-in-kind interest on a monthly basis to accrued interest. The first month following a quarter, the paid-in-kind accrued interest is reclassed to the related debt principal if not paid. Deferred Financing Fees Deferred financing charges are amortized on a straight-line basis, which approximates the effective interest method, over the term of the respective loans. Debt issuance costs related to a recognized debt liability are presented in the balance sheet as a direct deduction from the carrying amount of the related debt liability. Contingent Consideration The Company has obligations, to be paid in cash, related to its acquisitions if certain future operating and financial goals are met. The fair value of this contingent consideration is determined using expected cash flows and present value technique. The calculation of the fair value of the expected future payments uses a discount rate that approximates the Company's weighted average cost of capital. Put Option The Company granted a put option to certain holders of equity in BG Staffing, Inc. which was carried at fair market value in other long-term liabilities in the consolidated balance sheet. Prior to second quarter 2015, the liability was revalued at each balance sheet date at the greater of an adjusted earnings before income taxes, depreciation and amortization method or the fair market value. During third quarter 2015, the liability calculation of fair market value was based on the closing price of the Company's stock. Changes in fair value are recorded as non-cash, non-operating income (expense) in the Company’s consolidated statements of operations. In October 2015, the remaining shares were sold that contained the put right to third parties which caused the put rights on those shares to expire. Revenue Recognition The Company derives its revenues from three segments: Multifamily, Professional, and Commercial. The Company provides temporary and consultant staffing and permanent placement services. Revenues as presented on the consolidated statements of operations represent services rendered to customers less sales adjustments and allowances. Reimbursements, including those related to out-of-pocket expenses, are also included in revenues, and equivalent amounts of reimbursable expenses are included in cost of services. The Company and its customers enter into agreements that outline the general terms and conditions of the staffing arrangement. Revenue is recognized as services are performed and associated costs have been incurred. The Company records revenue on a gross basis as a principal versus on a net basis as an agent in the presentation of revenues and expenses. The Company has concluded that gross reporting is appropriate because the Company (i) has the risk of identifying and hiring qualified workers, (ii) has the discretion to select the workers and establish their price and duties and (iii) bears the risk for services that are not fully paid for by customers. Temporary and consultant staffing revenues - Temporary and consultant staffing revenues are recognized when the services are rendered by the Company’s temporary workers or consultants. The Company assumes the risk of acceptability of its workers to its customers. Permanent placement staffing revenues - Permanent placement staffing revenues are recognized when employment candidates accept offers of permanent employment. The Company estimates the effect of permanent placement candidates who do not remain with its customers through the guarantee period (generally 90 days) based on historical experience. Allowances are established to estimate these losses. Fees to customers are generally calculated as a percentage of the new worker’s annual compensation. No fees for permanent placement services are charged to employment candidates. Share-Based Compensation The Company recognizes compensation expense in selling, general and administrative expenses over the service period for options that are expected to vest and records adjustments to compensation expense at the end of the service period if actual forfeitures differ from original estimates. Earnings Per Share Basic earnings per common share are computed by dividing net earnings by the weighted average number of common shares outstanding during the period. Diluted earnings per share is calculated by dividing income available to common stockholders by the weighted average number of common shares outstanding during the period adjusted to reflect potentially dilutive securities. Antidilutive shares are excluded from the calculation of earnings per share. The following is a reconciliation of the number of shares used in the calculation of basic and diluted earnings per share at: Thirteen Weeks Ended Twenty-six Weeks Ended June 26, June 28, June 26, June 28, Weighted-average number of common shares outstanding: 7,711,050 6,978,414 7,548,931 6,788,279 Effect of dilutive securities: Stock options 298,784 205,647 267,872 220,467 Warrants 43,162 86,096 35,057 90,019 Weighted-average number of diluted common shares outstanding 8,052,996 7,270,157 7,851,860 7,098,765 Stock options — 200,042 — 200,042 Warrants 32,250 77,970 32,250 77,970 Antidilutive shares 32,250 278,012 32,250 278,012 Income Taxes The current provision for income taxes represents estimated amounts payable or refundable on tax returns filed or to be filed for the year. Deferred tax assets and liabilities are recorded for the estimated future tax effects of temporary differences between the tax basis of assets and liabilities and amounts are classified as noncurrent in the consolidated balance sheets. Deferred tax assets are also recognized for net operating loss and tax credit carryovers. The overall change in deferred tax assets and liabilities for the period measures the deferred tax expense or benefit for the period. Effects of changes in enacted tax laws on deferred tax assets and liabilities are reflected as adjustments to tax expense in the period of enactment. The Company recognizes any penalties and interest when necessary as part of selling, general and administrative expenses. When appropriate, we record a valuation allowance against net deferred tax assets to offset future tax benefits that may not be realized. In determining whether a valuation allowance is appropriate, we consider whether it is more likely than not that all or some portion of our deferred tax assets will not be realized, based in part upon management’s judgments regarding future events and past operating results. The Company follows the guidance of Accounting Standards Codification ("ASC") Topic 740, Accounting for Uncertainty in Income Taxes. ASC Topic 740 prescribes a more-likely-than-not measurement methodology to reflect the financial statement impact of uncertain tax positions taken or expected to be taken in a tax return. Income tax expense attributable to income from operations for 2016 differed from the amount computed by applying the U.S. federal income tax rate of 34% to income before income taxes primarily as a result of state taxes and permanent differences related to share-based compensation. Income tax expense attributable to income from operations for 2015 differed from the amount computed by applying the U.S. federal income tax rate of 34% to income before income taxes primarily as a result of state taxes, permanent differences related to share-based compensation, and the fair value of the put option adjustment. Recent Accounting Pronouncements In March 2016, the FASB issued Accounting Standards Updates ("ASU") 2016-09, Improvements to Employee Share-Based Payment Accounting, which simplifies several aspects of the accounting for employee share-based payment transactions including the accounting for income taxes, forfeitures, and statutory tax withholding requirements, as well as classification of related amounts within the statement of cash flows. The new standard will become effective for the Company beginning with the first quarter of 2017, with early adoption permitted. The Company is currently evaluating the impact of the adoption of this accounting guidance will have on the consolidated financial statements. In April 2016, the FASB issued ASU 2016-10, Revenue from Contracts with Customers, which amends certain aspects of the Board's new revenue standard, ASU 2014-09, Revenue from Contracts with Customers. The standard should be adopted concurrently with the adoption of ASU 2014-09 which is effective for annual and interim periods beginning after December 15, 2017. The Company is currently evaluating the impact of the adoption of this accounting guidance will have on the consolidated financial statements.

ACQUISITIONS

ACQUISITIONS	6 Months Ended
	Jun. 26, 2016
Business Combinations [Abstract]
Acquisitions	ACQUISITIONS D&W Talent, LLC On February 23, 2015 , the Company acquired substantially all of the assets and assumed certain liabilities of D&W Talent, LLC (“D&W”) for an initial cash consideration paid of $8.5 million and an undiscounted contingent consideration of up to $3.5 million based on the performance of the acquired business for the three years following the date of acquisition. The fair value of the contingent consideration at the acquisition date was estimated at $2.0 million and later adjusted to $3.5 million in November 2015. As of June 26, 2016, all contingent consideration has been paid. The purchase agreement contained a provision for a “true up” of acquired working capital 120 days after the closing date. The 2015 consolidated statements of operations include the operating results of D&W operations for 4 weeks and 17 weeks from the date of acquisition for the thirteen and twenty-six week periods ended, respectively, from the date of acquisition. D&W operations contributed approximately $4.5 million and $5.7 million of revenue for the thirteen week periods ended June 26, 2016 and June 28, 2015 , respectively, and approximately $9.4 million and $7.7 million of revenue for the twenty-six week periods ended June 26, 2016 and June 28, 2015 , respectively. Vision Technology Services On September 28, 2015 , the Company acquired substantially all of the assets and assumed certain liabilities of Vision Technology Services, Inc., Vision Technology Services, LLC, and VTS-VM, LLC (collectively, “VTS”) for an initial cash consideration paid of $10.0 million and an undiscounted contingent consideration of up to $10.75 million based on the performance of the acquired business for the three years following the date of acquisition. The fair value of the contingent consideration at the acquisition date was estimated at $7.3 million . The purchase agreement contained a provision for a “true up” of acquired working capital 120 days after the closing date. The 2015 consolidated statements of operations does not include any operating results of VTS. VTS operations contributed approximately $8.7 million and $17.2 million of revenue for the thirteen and twenty-six week periods ended June 26, 2016 , respectively. Supplemental Unaudited Pro Forma Information The Company estimates that the revenues and net income for the periods below that would have been reported if the D&W and VTS acquisitions had taken place on the first day of the Company's 2015 fiscal year would be as follows (dollars in thousands, except per share amounts): June 28, 2015 Thirteen Weeks Ended Twenty-six Weeks Ended Revenues $ 58,338 $ 110,459 Gross profit $ 13,005 $ 24,331 Net income $ 1,765 $ 2,345 Income per share: Basic $ 0.25 $ 0.35 Diluted $ 0.24 $ 0.33 Pro forma net income includes amortization of identifiable intangible assets, interest expense on additional borrowings on the Revolving Facility at a rate of 3.75% and tax expense of the pro forma adjustments at an effective tax rate of approximately 37.9% .

INTANGIBLE ASSETS

INTANGIBLE ASSETS	6 Months Ended
	Jun. 26, 2016
Goodwill and Intangible Assets Disclosure [Abstract]
Intangible Assets	INTANGIBLE ASSETS Intangible assets are stated net of accumulated amortization of $27,235,483 and $23,958,775 at June 26, 2016 and December 27, 2015 , respectively. Total amortization expense for the thirteen week periods ended June 26, 2016 and June 28, 2015 was $1,605,899 and $1,245,248 , respectively. Total amortization expense for the twenty-six week periods ended June 26, 2016 and June 28, 2015 was $3,276,708 and $2,304,479 , respectively.

ACCRUED PAYROLL AND EXPENSES AN

ACCRUED PAYROLL AND EXPENSES AND CONTINGENT CONSIDERATION	6 Months Ended
	Jun. 26, 2016
Accrued Liabilities, Current [Abstract]
Accrued Expenses	ACCRUED PAYROLL AND EXPENSES AND CONTINGENT CONSIDERATION Accrued payroll and expenses consist of the following at: June 26, December 27, Temporary worker payroll $ 6,133,800 $ 5,667,704 Temporary worker payroll related 2,038,007 1,965,931 Accrued bonuses and commissions 1,236,449 1,050,495 Other 2,583,878 2,870,738 $ 11,992,134 $ 11,554,868 The following is a schedule of future estimated contingent consideration payments to various parties as of June 26, 2016 : Estimated Cash Payment Discount Net Fiscal year ending: 2016 $ 4,250,000 $ (336,617 ) $ 3,913,383 2017 4,250,000 (1,009,262 ) 3,240,738 2018 2,250,000 (822,798 ) 1,427,202 Contingent consideration $ 10,750,000 $ (2,168,677 ) $ 8,581,323

DEBT

DEBT	6 Months Ended
	Jun. 26, 2016
Debt Disclosure [Abstract]
Debt	DEBT On August 21, 2015, the Company entered into a credit agreement (the “Credit Agreement”) with Texas Capital Bank, National Association (“TCB”). The Credit Agreement provides for the Revolving Facility maturing August 21, 2019 permitting the Company to borrow funds from time to time in an aggregate amount equal to the lesser of the borrowing base amount, which is 85% of eligible accounts, and TCB’s commitment of $25.0 million . The Company's obligations are secured by a first priority security interest in all assets of the Company. The Company also entered into a senior subordinated credit agreement (the “Senior Subordinated Credit Agreement”) with Patriot Capital III SBIC, L.P. and Patriot Capital III, L.P. (together, “PC Subordinated Debt”), pursuant to which the foregoing lenders made term loans of $14,250,000 and $750,000 , respectively, with a maturity date of February 21, 2020. Interest accrued at a rate of 13% per annum (with at least 10% paid in cash quarterly and the remainder in cash or PIK interest added to the principal amount of the term loans). Prepayment of the loans prior to maturity was subject to an early repayment fee. The Company's obligations were secured by a security interest in all assets of the Company. Proceeds from the June 2016 common stock issuance (See Note 9) were used to pay off the Senior Subordinated Credit Agreement and $404,119 was recorded as a loss on extinguishment of debt and a 2% repayment fee was recorded in interest expense in the second quarter 2016. Proceeds from the foregoing loan arrangements were used to pay off existing indebtedness of the Company under the Fifth Third Bank senior credit facility described below. On January 29, 2014 , the Company amended the senior credit facility, which provided for a revolving line of credit of $20.0 million , increased the original principal amount of the term loan facility from $7.1 million to $11.3 million and added $8.0 million of subordinated debt (“Term Loan B”). In connection with the acquisition of the assets of D&W (see Note 3) on February 23, 2015 , the Company entered into an amendment with its lenders under senior credit facility to add BGFA as an additional borrower under the agreement and increased the borrowing base amount from 80% to 85% of eligible receivables. Line of Credit At June 26, 2016 and December 27, 2015 , $17.8 million and $16.2 million , respectively, was outstanding on the Revolving Facility with TCB. Borrowings under the Revolving Facility bear interest equal to (i) Base Rate (the higher of Prime Rate, Federal Funds Rate plus 0.5% , or LIBOR plus 1.0% ) plus 0.5% or (ii) LIBOR plus 3.25% . Additionally, the Company pays an unused commitment fee of 0.25% on the unfunded portion of the Revolving Facility. Borrowings under the Revolving Facility bore interest as follows: June 26, December 27, Base Rate $ 5,815,000 4.00 % $ 6,217,000 4.00 % LIBOR 3,000,000 3.88 % 3,000,000 3.57 % LIBOR 6,000,000 3.70 % 4,000,000 3.61 % LIBOR 3,000,000 3.69 % 3,000,000 3.77 % Total $ 17,815,000 $ 16,217,000 The Credit Agreement and the Senior Subordinated Credit Agreement contain customary affirmative covenants as well as negative covenants restricting the ability of the Company and its subsidiaries to, among other things (with certain exceptions): (i) incur indebtedness; (ii) incur liens; (iii) enter into mergers, consolidations, or similar transactions; (iv) pay dividends or make distributions (except for permitted distributions as defined in the agreements); (v) make loans; (vi) dispose of assets; (vii) enter into transactions with affiliates; or (viii) change the nature of their business. In addition, the Company must comply with certain financial covenants, including minimum debt service coverage ratio, minimum current ratio and maximum leverage ratio. As of June 26, 2016 , the Company was in compliance with these covenants.

FAIR VALUE MEASUREMENTS

FAIR VALUE MEASUREMENTS	6 Months Ended
	Jun. 26, 2016
Fair Value Disclosures [Abstract]
Fair Value Measurements	FAIR VALUE MEASUREMENTS The accounting standard for fair value measurements defines fair value, and establishes a market-based framework or hierarchy for measuring fair value. The standard is applicable whenever assets and liabilities are measured at fair value. The fair value hierarchy established in the standard prioritizes the inputs used in valuation techniques into three levels as follows: Level 1 - Observable inputs - quoted prices in active markets for identical assets and liabilities; Level 2 - Observable inputs other than the quoted prices in active markets for identical assets and liabilities - includes quoted prices for similar instruments, quoted prices for identical or similar instruments in inactive markets, and amounts derived from valuation models where all significant inputs are observable in active markets, for substantially the full term of the financial instrument; and Level 3 - Unobservable inputs - includes amounts derived from valuation models where one or more significant inputs are unobservable and require us to develop relevant assumptions. The following table summarizes the financial assets and liabilities measured at fair value on a recurring basis and the level they fall within the fair value hierarchy: Amounts Recorded at Fair Value Financial Statement Classification Fair Value Hierarchy June 26, December 27, Contingent consideration, net Contingent consideration, net - current and long-term Level 3 $ 8,581,323 $ 11,047,281 In connection with the acquisition of substantially all of the assets and assumption of certain liabilities of InStaff Holding Corporation and InStaff Personnel, LLC, a wholly owned subsidiary of InStaff Holding Corporation (collectively, “InStaff”), the Company granted a put option to certain holders of equity in BG Staffing, Inc. The liability was transferred from Level 3 to Level 2 during the third quarter 2015 due to an increased active market. In October 2015, the remaining shares were sold that contained the put right to third parties which caused the put rights on those shares to expire.

CONTINGENCIES

CONTINGENCIES	6 Months Ended
	Jun. 26, 2016
Commitments and Contingencies Disclosure [Abstract]
Contingencies	CONTINGENCIES The Company is engaged from time to time in legal matters and proceedings arising out of its normal course of business. The Company establishes a liability related to its legal proceedings and claims when it has determined that it is probable that the Company has incurred a liability and the related amount can be reasonably estimated. If the Company determines that an obligation is reasonably possible, the Company will, if material, disclose the nature of the loss contingency and the estimated range of possible loss, or include a statement that no estimate of the loss can be made. The Company is not currently a party to any material litigation; however in the ordinary course of our business the Company is periodically threatened with or named as a defendant in various lawsuits or actions. The principal risks that the Company insures against, subject to and upon the terms and conditions of various insurance policies, are workers’ compensation, general liability, automobile liability, property damage, professional liability, employment practices, fiduciary liability, fidelity losses and director and officer liability. Under the Company's bylaws, the Company’s directors and officers are indemnified against certain liabilities arising out of the performance of their duties to the Company. The Company also has an insurance policy for our directors and officers to insure them against liabilities arising from the performance of their positions with the Company or its subsidiaries. The Company has also entered into indemnification agreements with its directors and certain officers.

EQUITY

EQUITY	6 Months Ended
	Jun. 26, 2016
Stockholders' Equity Note [Abstract]
Equity	EQUITY Authorized capital stock consists of 19,500,000 shares of common stock, par value $0.01 per share and 500,000 shares of undesignated preferred stock, par value $0.01 per share. In June 2016, the Company issued and sold 1,191,246 shares of common stock, $0.01 par value per share, to various investors in a registered underwritten offering for aggregate gross proceeds of $16,677,444 in cash. The purchase price to the public was $14.00 per share. The newly issued shares constituted approximately 16.1% of the total of issued and outstanding shares of common stock immediately before the initial execution of the Underwriting Agreement. In connection with the closing, the Company incurred $1,524,344 in offering costs. Proceeds were used to pay off existing indebtedness of the Company under the Senior Subordinated Credit Agreement.

SHARE-BASED COMPENSATION

SHARE-BASED COMPENSATION	6 Months Ended
	Jun. 26, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Share-Based Compensation	SHARE-BASED COMPENSATION Stock Options For the thirteen week periods ended June 26, 2016 and June 28, 2015 , the Company recognized $70,937 and $123,062 of compensation cost related to stock awards, respectively. For the twenty-six week periods ended June 26, 2016 and June 28, 2015 , the Company recognized $141,838 and $182,998 of compensation cost related to stock awards, respectively. Unamortized stock compensation expense as of June 26, 2016 amounted to $569,164 which is expected to be recognized over the next 2.6 years. A summary of stock option activity is presented as follows: Number of Shares Weighted Average Exercise Price Per Share Weighted Average Remaining Contractual Life Total Intrinsic Value of Options (in thousands) Options outstanding at December 27, 2015 775,666 $ 8.19 8.7 $ 5,246 Exercised (21,000 ) $ 7.61 8.0 $ (126 ) Forfeited / Canceled (12,000 ) $ 11.00 0.0 $ (51 ) Options outstanding at June 26, 2016 742,666 $ 8.16 8.2 $ 5,995 Options exercisable at December 27, 2015 377,666 $ 7.30 8.3 $ 2,889 Options exercisable at June 26, 2016 439,066 $ 7.42 7.9 $ 3,867 Number of Weighted Average Grant Date Fair Value Nonvested outstanding at December 27, 2015 398,000 $ 2.34 Nonvested outstanding at June 26, 2016 303,600 $ 2.30 For the twenty-six week periods ended June 26, 2016 , the Company issued 5,807 shares of common stock in the form of a cashless exercise from the conversion of 14,000 shares of stock options. Warrant Activity For the thirteen and twenty-six week periods ended June 26, 2016 and June 28, 2015 , the Company did not recognize any compensation cost related to warrants, respectively. There was no unamortized stock compensation expense to be recognized as of June 26, 2016 . A summary of warrant activity is presented as follows: Number of Shares Weighted Average Exercise Price Per Share Weighted Average Remaining Contractual Life Total Intrinsic Value of Options (in thousands) Warrants outstanding at December 27, 2015 133,833 $ 10.21 3.5 $ 634 Granted 32,250 $ 16.80 4.9 $ — Warrants outstanding at June 26, 2016 166,083 $ 11.49 3.4 $ 806 Warrants exercisable at December 27, 2015 133,833 $ 10.21 3.5 $ 634 Warrants exercisable at June 26, 2016 133,833 $ 10.21 3.0 $ 806 Number of Weighted Average Grant Date Fair Value Nonvested outstanding at December 27, 2015 — $ — Nonvested outstanding at June 26, 2016 32,250 $ — The intrinsic value in the tables above is the amount by which the market value of the underlying stock exceeded the exercise price of outstanding options or warrants, before applicable income taxes and represents the amount holders would have realized if all in-the-money options or warrants had been exercised on the last business day of the period indicated.

EMPLOYEE BENEFIT PLAN

EMPLOYEE BENEFIT PLAN	6 Months Ended
	Jun. 26, 2016
Compensation and Retirement Disclosure [Abstract]
Employee Benefit Plan	EMPLOYEE BENEFIT PLAN The Company provides a defined contribution plan (the “401(k) Plan”) for the benefit of its eligible full-time employees. The 401(k) Plan allows employees to make contributions subject to applicable statutory limitations. The Company matches employee contributions 100% up to the first 3% and 50% of the next 2% of an employee’s compensation. The Company contributed $227,031 and $56,978 to the 401(k) Plan for the thirteen week periods ended June 26, 2016 and June 28, 2015 , respectively. The Company contributed $405,669 and $118,452 to the 401(k) Plan for the twenty-six week periods ended June 26, 2016 and June 28, 2015 , respectively.

BUSINESS SEGMENTS

BUSINESS SEGMENTS	6 Months Ended
	Jun. 26, 2016
Segment Reporting [Abstract]
Business Segments	BUSINESS SEGMENTS The Company operates within three industry segments: Multifamily, Professional, and Commercial. The Multifamily segment provides front office and maintenance temporary workers to various apartment communities, in 18 states, via property management companies responsible for the apartment communities' day to day operations. The Professional segment provides skilled temporary workers on a nationwide basis for IT customer projects, and finance and accounting needs in Texas and Louisiana. The Commercial segment provides temporary workers primarily to logistics, distribution, and call center customers needing a flexible workforce in Illinois, Wisconsin, New Mexico, Texas, Tennessee and Mississippi. Segment operating income includes all revenue and cost of services, direct selling expenses, depreciation and amortization expense and excludes all general and administrative (corporate) expenses. Assets of corporate include cash, unallocated prepaid expenses, deferred tax assets, and other assets. The following table provides a reconciliation of revenue and operating income by reportable segment to consolidated results for the periods indicated: Thirteen Weeks Ended Twenty-six Weeks Ended June 26, 2016 June 28, 2015 June 26, 2016 June 28, 2015 Revenue: Multifamily $ 13,930,268 $ 9,842,953 $ 24,667,032 $ 17,669,999 Professional 27,364,482 20,110,552 55,007,111 34,568,143 Commercial 21,320,264 19,827,887 42,491,857 38,427,395 Total $ 62,615,014 $ 49,781,392 $ 122,166,000 $ 90,665,537 Depreciation: Multifamily $ 13,711 $ 8,963 $ 23,455 $ 28,403 Professional 37,263 13,318 74,411 24,209 Commercial 23,489 22,787 45,429 45,148 Corporate 46,076 21,367 87,905 38,038 Total $ 120,539 $ 66,435 $ 231,200 $ 135,798 Thirteen Weeks Ended Twenty-six Weeks Ended June 26, 2016 June 28, 2015 June 26, 2016 June 28, 2015 Amortization: Multifamily $ 25,139 $ 37,708 $ 62,848 $ 75,417 Professional 1,454,293 1,023,067 2,945,002 1,847,400 Commercial 126,467 184,473 268,858 381,662 Total $ 1,605,899 $ 1,245,248 $ 3,276,708 $ 2,304,479 Operating income: Multifamily $ 2,062,347 $ 1,414,707 $ 3,527,337 $ 2,326,454 Professional 1,981,898 1,389,952 3,573,936 1,877,324 Commercial 1,425,598 1,160,180 2,705,684 2,065,584 Corporate (1,485,479 ) (1,288,128 ) (3,160,432 ) (2,728,649 ) Total $ 3,984,364 $ 2,676,711 $ 6,646,525 $ 3,540,713 Capital expenditures: Multifamily $ 77,458 $ 4,184 $ 96,407 $ 58,560 Professional 9,168 12,551 9,168 54,018 Commercial 7,000 49,590 40,321 106,131 Corporate 100,772 95,085 284,807 141,287 Total $ 194,398 $ 161,410 $ 430,703 $ 359,996 June 26, December 27, Total Assets: Multifamily $ 8,690,090 $ 7,394,459 Professional $ 43,441,267 $ 46,750,518 Commercial 19,066,588 20,820,483 Corporate 10,109,273 9,434,097 Total $ 81,307,218 $ 84,399,557

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	6 Months Ended
	Jun. 26, 2016
Subsequent Events [Abstract]
Subsequent Events	SUBSEQUENT EVENTS On July 26, 2016 , the Company's board of directors declared a cash dividend in the amount of $0.25 per share of common stock to be paid on August 15, 2016 to all shareholders of record as of the close of business on August 8, 2016 .

SUMMARY OF SIGNIFICANT ACCOUN20

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	6 Months Ended
	Jun. 26, 2016
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The consolidated financial statements include the accounts of the Company. All significant intercompany transactions and balances have been eliminated in consolidation.
Fiscal Year	Fiscal Periods The Company has a 52/53 week fiscal year. Fiscal periods for the consolidated financial statements included herein are as of June 26, 2016 and December 27, 2015 , and include the thirteen and twenty-six week periods ended June 26, 2016 and June 28, 2015 .
Reclassifications	Reclassifications Certain reclassifications have been made to the 2015 financial statements to conform with the 2016 presentation.
Management Estimates	Management Estimates The preparation of consolidated 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 revenues and expenses during the reporting period. Actual results could differ from those estimates. Significant estimates affecting the financial statements include goodwill and intangible assets and contingent consideration obligations related to acquisitions and put option valuation.
Financial Instruments	Financial Instruments The Company uses fair value measurements in areas that include, but are not limited to: the allocation of purchase price consideration to tangible and identifiable intangible assets, contingent consideration and put option liability. The carrying values of cash and cash equivalents, accounts receivables, accounts payable, and other current assets and liabilities approximate their fair values because of the short-term nature of these instruments. The carrying value of the bank debt approximates fair value due to the variable nature of the interest rates under the credit agreement with Texas Capital Bank, National Association (“TCB”) that provides for a revolving credit facility (“Revolving Facility”) and current rates available to the Company for debt with similar terms and risk.
Cash and Cash Equivalents	Cash and Cash Equivalents Cash and cash equivalents include all highly liquid investments with an original maturity of three months or less.
Accounts Receivable	Accounts Receivable The Company extends credit to its customers in the normal course of business. Accounts receivable represents unpaid balances due from customers. The Company maintains an allowance for doubtful accounts for estimated losses resulting from customers’ non-payment of balances due to the Company. The Company’s determination of the allowance for uncollectible amounts is based on management’s judgments and assumptions, including general economic conditions, portfolio composition, prior loss experience, evaluation of credit risk related to certain individual customers and the Company’s ongoing examination process. Receivables are written off after they are deemed to be uncollectible after all means of collection have been exhausted. Recoveries of receivables previously written off are recorded when received.
Property and Equipment	Property and Equipment Property and equipment are stated net of accumulated depreciation and amortization of $1,081,862 and $859,274 at June 26, 2016 and December 27, 2015 , respectively.
Long-Lived Assets	Long-Lived Assets The Company reviews its long-lived assets, primarily fixed assets, for impairment whenever events or changes in circumstances indicate that the carrying amount of the asset may not be recovered. The Company looks primarily to the undiscounted future cash flows in its assessment of whether or not long-lived assets have been impaired. There were no impairments during 2016 and 2015 .
Intangible Assets	Intangible Assets The Company holds intangible assets with indefinite and finite lives. Intangible assets with indefinite useful lives are not amortized. Intangible assets with finite useful lives are amortized over their respective estimated useful lives, ranging from three to five years, based on a pattern in which the economic benefit of the respective intangible asset is realized. The Company annually evaluates the remaining useful lives of all intangible assets to determine whether events and circumstances warrant a revision to the remaining period of amortization.
Goodwill	Goodwill Goodwill is not amortized, but instead is evaluated at the reporting unit level for impairment annually at the end of each fiscal year, or more frequently if conditions indicate an earlier review is necessary. If the Company has determined that it is more likely than not that the fair value for one or more reporting units is greater than their carrying value, the Company may use a qualitative assessment for the annual impairment test.
Deferred Rent	Deferred Rent The Company recognizes rental expense on a straight-line basis over the life of the agreement. Deferred rent is recognized as the difference between cash payments and rent expense, including any landlord incentives.
Paid-in-kind Interest	Paid-in-kind Interest The Company records paid-in-kind interest on a monthly basis to accrued interest. The first month following a quarter, the paid-in-kind accrued interest is reclassed to the related debt principal if not paid.
Deferred Financing Fees	Deferred Financing Fees Deferred financing charges are amortized on a straight-line basis, which approximates the effective interest method, over the term of the respective loans. Debt issuance costs related to a recognized debt liability are presented in the balance sheet as a direct deduction from the carrying amount of the related debt liability.
Contingent Consideration	Contingent Consideration The Company has obligations, to be paid in cash, related to its acquisitions if certain future operating and financial goals are met. The fair value of this contingent consideration is determined using expected cash flows and present value technique. The calculation of the fair value of the expected future payments uses a discount rate that approximates the Company's weighted average cost of capital.
Put Option	Put Option The Company granted a put option to certain holders of equity in BG Staffing, Inc. which was carried at fair market value in other long-term liabilities in the consolidated balance sheet. Prior to second quarter 2015, the liability was revalued at each balance sheet date at the greater of an adjusted earnings before income taxes, depreciation and amortization method or the fair market value. During third quarter 2015, the liability calculation of fair market value was based on the closing price of the Company's stock. Changes in fair value are recorded as non-cash, non-operating income (expense) in the Company’s consolidated statements of operations. In October 2015, the remaining shares were sold that contained the put right to third parties which caused the put rights on those shares to expire.
Revenue Recognition	Revenue Recognition The Company derives its revenues from three segments: Multifamily, Professional, and Commercial. The Company provides temporary and consultant staffing and permanent placement services. Revenues as presented on the consolidated statements of operations represent services rendered to customers less sales adjustments and allowances. Reimbursements, including those related to out-of-pocket expenses, are also included in revenues, and equivalent amounts of reimbursable expenses are included in cost of services. The Company and its customers enter into agreements that outline the general terms and conditions of the staffing arrangement. Revenue is recognized as services are performed and associated costs have been incurred. The Company records revenue on a gross basis as a principal versus on a net basis as an agent in the presentation of revenues and expenses. The Company has concluded that gross reporting is appropriate because the Company (i) has the risk of identifying and hiring qualified workers, (ii) has the discretion to select the workers and establish their price and duties and (iii) bears the risk for services that are not fully paid for by customers. Temporary and consultant staffing revenues - Temporary and consultant staffing revenues are recognized when the services are rendered by the Company’s temporary workers or consultants. The Company assumes the risk of acceptability of its workers to its customers. Permanent placement staffing revenues - Permanent placement staffing revenues are recognized when employment candidates accept offers of permanent employment. The Company estimates the effect of permanent placement candidates who do not remain with its customers through the guarantee period (generally 90 days) based on historical experience. Allowances are established to estimate these losses. Fees to customers are generally calculated as a percentage of the new worker’s annual compensation. No fees for permanent placement services are charged to employment candidates.
Share-based Compensation	Share-Based Compensation The Company recognizes compensation expense in selling, general and administrative expenses over the service period for options that are expected to vest and records adjustments to compensation expense at the end of the service period if actual forfeitures differ from original estimates.
Earnings Per Share	Earnings Per Share Basic earnings per common share are computed by dividing net earnings by the weighted average number of common shares outstanding during the period. Diluted earnings per share is calculated by dividing income available to common stockholders by the weighted average number of common shares outstanding during the period adjusted to reflect potentially dilutive securities. Antidilutive shares are excluded from the calculation of earnings per share.
Income Taxes	Income Taxes The current provision for income taxes represents estimated amounts payable or refundable on tax returns filed or to be filed for the year. Deferred tax assets and liabilities are recorded for the estimated future tax effects of temporary differences between the tax basis of assets and liabilities and amounts are classified as noncurrent in the consolidated balance sheets. Deferred tax assets are also recognized for net operating loss and tax credit carryovers. The overall change in deferred tax assets and liabilities for the period measures the deferred tax expense or benefit for the period. Effects of changes in enacted tax laws on deferred tax assets and liabilities are reflected as adjustments to tax expense in the period of enactment. The Company recognizes any penalties and interest when necessary as part of selling, general and administrative expenses. When appropriate, we record a valuation allowance against net deferred tax assets to offset future tax benefits that may not be realized. In determining whether a valuation allowance is appropriate, we consider whether it is more likely than not that all or some portion of our deferred tax assets will not be realized, based in part upon management’s judgments regarding future events and past operating results. The Company follows the guidance of Accounting Standards Codification ("ASC") Topic 740, Accounting for Uncertainty in Income Taxes. ASC Topic 740 prescribes a more-likely-than-not measurement methodology to reflect the financial statement impact of uncertain tax positions taken or expected to be taken in a tax return. Income tax expense attributable to income from operations for 2016 differed from the amount computed by applying the U.S. federal income tax rate of 34% to income before income taxes primarily as a result of state taxes and permanent differences related to share-based compensation. Income tax expense attributable to income from operations for 2015 differed from the amount computed by applying the U.S. federal income tax rate of 34% to income before income taxes primarily as a result of state taxes, permanent differences related to share-based compensation, and the fair value of the put option adjustment.
Recent Accounting Pronouncements	Recent Accounting Pronouncements In March 2016, the FASB issued Accounting Standards Updates ("ASU") 2016-09, Improvements to Employee Share-Based Payment Accounting, which simplifies several aspects of the accounting for employee share-based payment transactions including the accounting for income taxes, forfeitures, and statutory tax withholding requirements, as well as classification of related amounts within the statement of cash flows. The new standard will become effective for the Company beginning with the first quarter of 2017, with early adoption permitted. The Company is currently evaluating the impact of the adoption of this accounting guidance will have on the consolidated financial statements. In April 2016, the FASB issued ASU 2016-10, Revenue from Contracts with Customers, which amends certain aspects of the Board's new revenue standard, ASU 2014-09, Revenue from Contracts with Customers. The standard should be adopted concurrently with the adoption of ASU 2014-09 which is effective for annual and interim periods beginning after December 15, 2017. The Company is currently evaluating the impact of the adoption of this accounting guidance will have on the consolidated financial statements.

SUMMARY OF SIGNIFICANT ACCOUN21

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	6 Months Ended
	Jun. 26, 2016
Accounting Policies [Abstract]
Revenue from External Customers by Geographic Areas	Geographic revenue in excess of 10% of the Company consolidated revenue was generated in the following areas: Twenty-six Weeks Ended June 26, June 28, North Carolina 10 % 12 % Maryland 14 % — % Rhode Island 15 % 19 % Texas 31 % 41 %
Summary of Valuation Allowance	Changes in the allowance for doubtful accounts are as follows: Thirteen Weeks Ended Twenty-six Weeks Ended June 26, 2016 June 28, 2015 June 26, 2016 June 28, 2015 Beginning balance $ 449,823 $ 676,971 $ 446,548 $ 748,187 Provision for doubtful accounts 35,986 155,906 46,916 225,662 Amounts written off, net (35,986 ) (19,913 ) (43,641 ) (160,885 ) Ending balance $ 449,823 $ 812,964 $ 449,823 $ 812,964
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share	The following is a reconciliation of the number of shares used in the calculation of basic and diluted earnings per share at: Thirteen Weeks Ended Twenty-six Weeks Ended June 26, June 28, June 26, June 28, Weighted-average number of common shares outstanding: 7,711,050 6,978,414 7,548,931 6,788,279 Effect of dilutive securities: Stock options 298,784 205,647 267,872 220,467 Warrants 43,162 86,096 35,057 90,019 Weighted-average number of diluted common shares outstanding 8,052,996 7,270,157 7,851,860 7,098,765 Stock options — 200,042 — 200,042 Warrants 32,250 77,970 32,250 77,970 Antidilutive shares 32,250 278,012 32,250 278,012

ACQUISITIONS (Tables)

ACQUISITIONS (Tables)	6 Months Ended
	Jun. 26, 2016
Business Combinations [Abstract]
Business Acquisition, Pro Forma Information	The Company estimates that the revenues and net income for the periods below that would have been reported if the D&W and VTS acquisitions had taken place on the first day of the Company's 2015 fiscal year would be as follows (dollars in thousands, except per share amounts): June 28, 2015 Thirteen Weeks Ended Twenty-six Weeks Ended Revenues $ 58,338 $ 110,459 Gross profit $ 13,005 $ 24,331 Net income $ 1,765 $ 2,345 Income per share: Basic $ 0.25 $ 0.35 Diluted $ 0.24 $ 0.33

ACCRUED PAYROLL AND EXPENSES 23

ACCRUED PAYROLL AND EXPENSES AND CONTINGENT CONSIDERATION (Tables)	6 Months Ended
	Jun. 26, 2016
Accrued Liabilities, Current [Abstract]
Schedule of Accrued Expenses	June 26, December 27, Temporary worker payroll $ 6,133,800 $ 5,667,704 Temporary worker payroll related 2,038,007 1,965,931 Accrued bonuses and commissions 1,236,449 1,050,495 Other 2,583,878 2,870,738 $ 11,992,134 $ 11,554,868
Schedule of Future Estimated Earnout Payments	The following is a schedule of future estimated contingent consideration payments to various parties as of June 26, 2016 : Estimated Cash Payment Discount Net Fiscal year ending: 2016 $ 4,250,000 $ (336,617 ) $ 3,913,383 2017 4,250,000 (1,009,262 ) 3,240,738 2018 2,250,000 (822,798 ) 1,427,202 Contingent consideration $ 10,750,000 $ (2,168,677 ) $ 8,581,323

DEBT (Tables)

DEBT (Tables)	6 Months Ended
	Jun. 26, 2016
Debt Disclosure [Abstract]
Schedule of Line of Credit Facilities	Borrowings under the Revolving Facility bore interest as follows: June 26, December 27, Base Rate $ 5,815,000 4.00 % $ 6,217,000 4.00 % LIBOR 3,000,000 3.88 % 3,000,000 3.57 % LIBOR 6,000,000 3.70 % 4,000,000 3.61 % LIBOR 3,000,000 3.69 % 3,000,000 3.77 % Total $ 17,815,000 $ 16,217,000

FAIR VALUE MEASUREMENTS FAIR VA

FAIR VALUE MEASUREMENTS FAIR VALUE MEASUREMENTS (Tables)	6 Months Ended
	Jun. 26, 2016
Fair Value Disclosures [Abstract]
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis	The following table summarizes the financial assets and liabilities measured at fair value on a recurring basis and the level they fall within the fair value hierarchy: Amounts Recorded at Fair Value Financial Statement Classification Fair Value Hierarchy June 26, December 27, Contingent consideration, net Contingent consideration, net - current and long-term Level 3 $ 8,581,323 $ 11,047,281

SHARE-BASED COMPENSATION (Table

SHARE-BASED COMPENSATION (Tables)	6 Months Ended
	Jun. 26, 2016
Employee Stock Option
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Schedule of Share-based Compensation, Activity	A summary of stock option activity is presented as follows: Number of Shares Weighted Average Exercise Price Per Share Weighted Average Remaining Contractual Life Total Intrinsic Value of Options (in thousands) Options outstanding at December 27, 2015 775,666 $ 8.19 8.7 $ 5,246 Exercised (21,000 ) $ 7.61 8.0 $ (126 ) Forfeited / Canceled (12,000 ) $ 11.00 0.0 $ (51 ) Options outstanding at June 26, 2016 742,666 $ 8.16 8.2 $ 5,995 Options exercisable at December 27, 2015 377,666 $ 7.30 8.3 $ 2,889 Options exercisable at June 26, 2016 439,066 $ 7.42 7.9 $ 3,867
Schedule of Nonvested Share Activity	Number of Weighted Average Grant Date Fair Value Nonvested outstanding at December 27, 2015 398,000 $ 2.34 Nonvested outstanding at June 26, 2016 303,600 $ 2.30
Warrant
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Schedule of Share-based Compensation, Activity	A summary of warrant activity is presented as follows: Number of Shares Weighted Average Exercise Price Per Share Weighted Average Remaining Contractual Life Total Intrinsic Value of Options (in thousands) Warrants outstanding at December 27, 2015 133,833 $ 10.21 3.5 $ 634 Granted 32,250 $ 16.80 4.9 $ — Warrants outstanding at June 26, 2016 166,083 $ 11.49 3.4 $ 806 Warrants exercisable at December 27, 2015 133,833 $ 10.21 3.5 $ 634 Warrants exercisable at June 26, 2016 133,833 $ 10.21 3.0 $ 806
Schedule of Nonvested Share Activity	Number of Weighted Average Grant Date Fair Value Nonvested outstanding at December 27, 2015 — $ — Nonvested outstanding at June 26, 2016 32,250 $ —

BUSINESS SEGMENTS (Tables)

BUSINESS SEGMENTS (Tables)	6 Months Ended
	Jun. 26, 2016
Segment Reporting [Abstract]
Schedule of Segment Reporting Information, by Segment	The following table provides a reconciliation of revenue and operating income by reportable segment to consolidated results for the periods indicated: Thirteen Weeks Ended Twenty-six Weeks Ended June 26, 2016 June 28, 2015 June 26, 2016 June 28, 2015 Revenue: Multifamily $ 13,930,268 $ 9,842,953 $ 24,667,032 $ 17,669,999 Professional 27,364,482 20,110,552 55,007,111 34,568,143 Commercial 21,320,264 19,827,887 42,491,857 38,427,395 Total $ 62,615,014 $ 49,781,392 $ 122,166,000 $ 90,665,537 Depreciation: Multifamily $ 13,711 $ 8,963 $ 23,455 $ 28,403 Professional 37,263 13,318 74,411 24,209 Commercial 23,489 22,787 45,429 45,148 Corporate 46,076 21,367 87,905 38,038 Total $ 120,539 $ 66,435 $ 231,200 $ 135,798 Thirteen Weeks Ended Twenty-six Weeks Ended June 26, 2016 June 28, 2015 June 26, 2016 June 28, 2015 Amortization: Multifamily $ 25,139 $ 37,708 $ 62,848 $ 75,417 Professional 1,454,293 1,023,067 2,945,002 1,847,400 Commercial 126,467 184,473 268,858 381,662 Total $ 1,605,899 $ 1,245,248 $ 3,276,708 $ 2,304,479 Operating income: Multifamily $ 2,062,347 $ 1,414,707 $ 3,527,337 $ 2,326,454 Professional 1,981,898 1,389,952 3,573,936 1,877,324 Commercial 1,425,598 1,160,180 2,705,684 2,065,584 Corporate (1,485,479 ) (1,288,128 ) (3,160,432 ) (2,728,649 ) Total $ 3,984,364 $ 2,676,711 $ 6,646,525 $ 3,540,713 Capital expenditures: Multifamily $ 77,458 $ 4,184 $ 96,407 $ 58,560 Professional 9,168 12,551 9,168 54,018 Commercial 7,000 49,590 40,321 106,131 Corporate 100,772 95,085 284,807 141,287 Total $ 194,398 $ 161,410 $ 430,703 $ 359,996 June 26, December 27, Total Assets: Multifamily $ 8,690,090 $ 7,394,459 Professional $ 43,441,267 $ 46,750,518 Commercial 19,066,588 20,820,483 Corporate 10,109,273 9,434,097 Total $ 81,307,218 $ 84,399,557

NATURE OF OPERATIONS (Details T

NATURE OF OPERATIONS (Details Textual)	6 Months Ended
	Jun. 26, 2016segment
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Number of reportable segments	3

SUMMARY OF SIGNIFICANT ACCOUN29

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Textual)	6 Months Ended
	Jun. 26, 2016USD ($)segment	Jun. 28, 2015USD ($)	Dec. 27, 2015USD ($)
Summary Of Significant Accounting Policies [Line Items]
Accumulated depreciation and amortization, property, plant, and equipment	$ 1,081,862		$ 859,274
Impairment of long-lived assets	$ 0	$ 0
Number of reportable segments | segment	3
Federal statutory income tax rate, percent	34.00%	34.00%
Minimum
Summary Of Significant Accounting Policies [Line Items]
Fiscal period, length	364 days	364 days
Useful life	3 years
Maximum
Summary Of Significant Accounting Policies [Line Items]
Fiscal period, length	371 days	371 days
Useful life	5 years

SUMMARY OF SIGNIFICANT ACCOUN30

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) - Credit Concentration Risk	6 Months Ended
	Jun. 26, 2016	Jun. 28, 2015
North Carolina
Revenue, Major Customer [Line Items]
Concentration risk, percentage	10.00%
Maryland
Revenue, Major Customer [Line Items]
Concentration risk, percentage	14.00%
Rhode Island
Revenue, Major Customer [Line Items]
Concentration risk, percentage	15.00%
Texas
Revenue, Major Customer [Line Items]
Concentration risk, percentage	31.00%
Sales Revenue, Net | North Carolina
Revenue, Major Customer [Line Items]
Concentration risk, percentage		12.00%
Sales Revenue, Net | Maryland
Revenue, Major Customer [Line Items]
Concentration risk, percentage		0.00%
Sales Revenue, Net | Rhode Island
Revenue, Major Customer [Line Items]
Concentration risk, percentage		19.00%
Sales Revenue, Net | Texas
Revenue, Major Customer [Line Items]
Concentration risk, percentage		41.00%

SUMMARY OF SIGNIFICANT ACCOUN31

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Changes In The Allowance For Doubtful Accounts (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 26, 2016	Jun. 28, 2015	Jun. 26, 2016	Jun. 28, 2015
Allowance for Doubtful Accounts Receivable [Roll Forward]
Beginning balance	$ 449,823	$ 676,971	$ 446,548	$ 748,187
Provision for doubtful accounts	35,986	155,906	46,916	225,662
Amounts written off, net	(35,986)	(19,913)	(43,641)	(160,885)
Ending balance	$ 449,823	$ 812,964	$ 449,823	$ 812,964

SUMMARY OF SIGNIFICANT ACCOUN32

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Earnings Per Share (Details) - shares	3 Months Ended		6 Months Ended
	Jun. 26, 2016	Jun. 28, 2015	Jun. 26, 2016	Jun. 28, 2015
Schedule of Weighted Average Number of Shares, Diluted [Line Items]
Basic (shares)	7,711,050	6,978,414	7,548,931	6,788,279
Effect of dilutive securities:
Weighted-average number of diluted common shares outstanding	8,052,996	7,270,157	7,851,860	7,098,765
Antidilutive securities excluded from computation of earnings per share, amount	32,250	278,012	32,250	278,012
Employee Stock Option
Effect of dilutive securities:
Stock options	298,784	205,647	267,872	220,467
Antidilutive securities excluded from computation of earnings per share, amount	0	200,042	0	200,042
Warrant
Effect of dilutive securities:
Warrants	43,162	86,096	35,057	90,019
Antidilutive securities excluded from computation of earnings per share, amount	32,250	77,970	32,250	77,970

ACQUISITIONS (Details Textual)

ACQUISITIONS (Details Textual) - USD ($)	Sep. 28, 2015	Feb. 23, 2015	Jun. 26, 2016	Jun. 28, 2015	Jun. 26, 2016	Jun. 28, 2015	Nov. 30, 2015
Business Acquisition [Line Items]
Revenues			$ 62,615,014	$ 49,781,392	$ 122,166,000	$ 90,665,537
Technology Services, Inc., Vision Technology Services, LLC, and VTS-VM [Member]
Business Acquisition [Line Items]
Initial cash paid for acquisition	$ 10,000,000
Business combination contingent consideration	10,750,000
Business combination, period of contingency		3 years
Fair value of contingent consideration	$ 7,300,000
Revenues			8,700,000		17,200,000
D&W Talent, LLC
Business Acquisition [Line Items]
Initial cash paid for acquisition		$ 8,500,000
Business combination contingent consideration		$ 3,500,000
Business combination, period of contingency		3 years
Fair value of contingent consideration		$ 2,000,000					$ 3,500,000
Period for true-up of acquired working capital		120 days
Revenues			$ 4,500,000	$ 5,700,000	$ 9,400,000	$ 7,700,000
Pro Forma
Business Acquisition [Line Items]
Effective tax rate for pro forma adjustments					37.90%
Revolving Credit Facility | Pro Forma
Business Acquisition [Line Items]
Line of credit facility, rate on additional borrowings					3.75%

ACQUISITIONS (Supplemental Unau

ACQUISITIONS (Supplemental Unaudited Pro Forma Information) (Details) - D&W Talent, LLC, Technology Services, Inc., Vision Technology Services, LLC, and VTS-VM [Member] - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 28, 2015	Jun. 28, 2015
Business Acquisition [Line Items]
Revenues	$ 58,338	$ 110,459
Gross profit	13,005	24,331
Net income (loss)	$ 1,765	$ 2,345
Income (loss) per share:
Basic (in dollar per share)	$ 0.25	$ 0.35
Diluted (in dollar per share)	$ 0.24	$ 0.33

INTANGIBLE ASSETS (Details Text

INTANGIBLE ASSETS (Details Textual) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 26, 2016	Jun. 28, 2015	Jun. 26, 2016	Jun. 28, 2015	Dec. 27, 2015
Goodwill and Intangible Assets Disclosure [Abstract]
Intangible assets, accumulated amortization	$ 27,235,483		$ 27,235,483		$ 23,958,775
Amortization of intangible assets	$ 1,605,899	$ 1,245,248	$ 3,276,708	$ 2,304,479

ACCRUED PAYROLL AND EXPENSES 36

ACCRUED PAYROLL AND EXPENSES AND CONTINGENT CONSIDERATION - Accrued Payroll and Expenses (Details) - USD ($)	Jun. 26, 2016	Dec. 27, 2015
Accrued Liabilities, Current [Abstract]
Temporary worker payroll	$ 6,133,800	$ 5,667,704
Temporary worker payroll related	2,038,007	1,965,931
Accrued bonuses and commissions	1,236,449	1,050,495
Other	2,583,878	2,870,738
Accrued liabilities, current	$ 11,992,134	$ 11,554,868

ACCRUED PAYROLL AND EXPENSES 37

ACCRUED PAYROLL AND EXPENSES AND CONTINGENT CONSIDERATION - Schedule of Future Estimated Earn Out Payments (Details) - USD ($)	Jun. 26, 2016	Dec. 27, 2015
Accrued Liabilities, Current [Abstract]
Contingent consideration, current portion	$ 4,250,000
Contingent consideration, liability in year two	4,250,000
Contingent consideration, liability in year three	2,250,000
Contingent consideration, liability, total	10,750,000
Interest expense, earn out payable, current portion	(336,617)
Interest expense, earn out payable in year two	(1,009,262)
Interest expense, earn out payable in year three	(822,798)
Interest expense, earn out payable, total	2,168,677
Contingent consideration, current portion, net	3,913,383	$ 6,856,121
Contingent consideration, liability in year two, net	3,240,738
Contingent consideration, liability in year three, net	1,427,202
Contingent consideration, liability, total, net	$ 8,581,323

DEBT (Details Textual)

DEBT (Details Textual)	Aug. 21, 2015USD ($)	Feb. 23, 2015	Feb. 22, 2015	Jun. 26, 2016USD ($)	Jun. 28, 2015USD ($)	Jun. 26, 2016USD ($)	Jun. 28, 2015USD ($)	Dec. 27, 2015USD ($)	Jan. 29, 2014USD ($)	Jan. 28, 2014USD ($)
Debt Instrument [Line Items]
Loss on extinguishment of debt, net				$ 404,119	$ 0	$ 404,119	$ 0
Revolving Credit Facility
Debt Instrument [Line Items]
Line of credit facility, borrowing capacity, percentage		85.00%	80.00%
Line of credit facility, maximum borrowing capacity										$ 20,000,000
Term Loan A
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity									$ 11,300,000
Expiration date						Jan. 29, 2014
Line of credit facility, previous borrowing capacity										$ 7,100,000
Term Loan B
Debt Instrument [Line Items]
Subordinated debt									$ 8,000,000
Credit Agreement | Texas Capital Bank, National Association (TCB) | Revolving Credit Facility
Debt Instrument [Line Items]
Line of credit facility, borrowing capacity, percentage	85.00%
Line of credit facility, maximum borrowing capacity	$ 25,000,000
Long-term line of credit				17,815,000		$ 17,815,000		$ 16,217,000
Debt instrument, basis spread on variable rate						0.50%
Line of credit facility, unused capacity, commitment fee percentage						0.25%
Credit Agreement | Texas Capital Bank, National Association (TCB) | Revolving Credit Facility | Federal Funds Rate
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate						0.50%
Credit Agreement | Texas Capital Bank, National Association (TCB) | Revolving Credit Facility | London Interbank Offered Rate (LIBOR)
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate						1.00%
Credit Agreement | Texas Capital Bank, National Association (TCB) | Revolving Credit Facility | Adjusted LIBOR
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate						3.25%
Senior Subordinated Credit Agreement
Debt Instrument [Line Items]
Loss on extinguishment of debt, net				404,119
Repayment fee for debt extinguishment (as a percent)						0.02
Senior Subordinated Credit Agreement | Patriot Capital III SBIC, L.P. | Subordinated Debt
Debt Instrument [Line Items]
Debt instrument, face amount				$ 14,250,000		$ 14,250,000
Debt instrument, interest rate, stated percentage				13.00%		13.00%
Debt instrument, percentage paid in cash				0.10		0.10
Senior Subordinated Credit Agreement | Patriot Capital III, L.P. | Subordinated Debt
Debt Instrument [Line Items]
Debt instrument, face amount				$ 750,000		$ 750,000

DEBT - Borrowings Under Revolvi

DEBT - Borrowings Under Revolving Facility (Details) - Credit Agreement - Texas Capital Bank, National Association (TCB) - Revolving Credit Facility - USD ($) $ in Thousands	Jun. 26, 2016	Dec. 27, 2015
Line of Credit Facility [Line Items]
Initial borrowing amount	$ 5,815	$ 6,217
Debt instrument, interest rate, stated percentage for initial borrowing amount	4.00%	4.00%
Second borrowing amount	$ 3,000	$ 3,000
Debt instrument, interest rate, stated percentage for second borrowing amount	3.88%	3.57%
Third borrowing amount	$ 6,000	$ 4,000
Debt instrument, interest rate, stated percentage for third borrowing amount	3.70%	3.61%
Fourth borrowing amount	$ 3,000	$ 3,000
Debt instrument, interest rate, stated percentage for fourth borrowing amount	3.69%	3.77%
Total borrowing amount	$ 17,815	$ 16,217

FAIR VALUE MEASUREMENTS (Detail

FAIR VALUE MEASUREMENTS (Details) - USD ($)	Jun. 26, 2016	Dec. 27, 2015
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Contingent consideration	$ 8,581,323
Fair Value, Inputs, Level 3 | Contingent Consideration | Fair Value, Measurements, Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Contingent consideration	$ 8,581,323	$ 11,047,281

EQUITY (Details Textual)

EQUITY (Details Textual)	1 Months Ended	6 Months Ended
	Jun. 26, 2016USD ($)$ / sharesshares	Jun. 26, 2016USD ($)$ / sharesshares	Jun. 28, 2015USD ($)	May 31, 2016	Dec. 27, 2015$ / sharesshares
Class of Stock [Line Items]
Common stock, shares authorized (in shares) | shares	19,500,000	19,500,000			19,500,000
Common stock, par value (in USD per share) | $ / shares	$ 0.01	$ 0.01			$ 0.01
Preferred stock, shares authorized (in shares) | shares	500,000	500,000			500,000
Preferred stock, par value (in USD per share) | $ / shares	$ 0.01	$ 0.01			$ 0.01
Common stock, value, issued | $		$ 15,153,100
Common Stock
Class of Stock [Line Items]
Common stock, shares issued (in shares) | shares	1,191,246
Common stock, value, issued | $	$ 16,677,444
Shares issued, price per share (in USD per share) | $ / shares	$ 14	$ 14
Percentage of issued and outstanding shares				0.161
Offering costs | $			$ 1,524,344

SHARE-BASED COMPENSATION (Detai

SHARE-BASED COMPENSATION (Details Textual) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 26, 2016	Jun. 28, 2015	Jun. 26, 2016	Jun. 28, 2015
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares issued in period			5,807
Options converted			14,000
Employee Stock Option
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation cost related to stock awards	$ 70,937	$ 123,062	$ 141,838	$ 182,998
Unamortized stock compensation expense	569,164		$ 569,164
Unamortized stock compensation expense, recognition period			2 years 6 months 26 days
Options converted			21,000
Warrant
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unamortized warrant compensation expense	$ 0		$ 0

SHARE-BASED COMPENSATION - Summ

SHARE-BASED COMPENSATION - Summary of Stock Option Activity (Details) - USD ($) $ / shares in Units, $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 26, 2016	Dec. 27, 2015
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]
Exercised	(14,000)
Employee Stock Option
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]
Beginning number of Shares, outstanding	775,666
Exercised	(21,000)
Forfeited / Canceled	(12,000)
Number of Shares, outstanding	742,666	775,666
Ending number of shares, options exercisable	439,066	377,666
Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Weighted Average Exercise Price [Roll Forward]
Beginning balance of options outstanding	$ 8.19
Exercised	7.61
Forfeited / Canceled	11
Ending balance of options outstanding	8.16	$ 8.19
Options exercisable at end of period	$ 7.42	$ 7.30
Share-based Compensation Arrangement by Share-based Payment Award, Options, Additional Disclosures [Roll Forward]
Options outstanding, weighted average remaining contractual term	8 years 2 months 1 day	8 years 8 months 1 day
Options exercised, weighted average remaining contractual term	8 years
Options forfeited / canceled, weighted average remaining contractual term	0 years
Optons exercisable, weighted average remaining contractual term	7 years 10 months 21 days	8 years 4 months 2 days
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Aggregate Intrinsic Value [Roll Forward]
Beginning balance, intrinsic value	$ 5,246
Options outstanding, intrinsic value, forfeited / canceled	(51)
Options outstanding, intrinsic value, exercised	126
Ending value, intrinsic value	5,995	$ 5,246
Options exercisable, aggregate intrinsic value	$ 3,867	$ 2,889
Share-based Compensation Arrangement by Share-based Payment Award, Options, Nonvested, Weighted Average Grant Date Fair Value [Abstract]
Nonvested, number of shares	303,600	398,000
Nonvested options, weighted average grant date fair value	$ 2.30	$ 2.34

SHARE-BASED COMPENSATION - Su44

SHARE-BASED COMPENSATION - Summary of Warrant Activity (Details) - USD ($) $ / shares in Units, $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 26, 2016	Dec. 27, 2015
Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Outstanding [Roll Forward]
Number of warrants, exercisable		133,833
Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Weighted Average Exercise Price [Roll Forward]
Exercisable warrants, weighted average exercise price (in dollars per share)		$ 10.21
Warrant
Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Outstanding [Roll Forward]
Number of warrants, outstanding, beginning balance	133,833
Number of warrants, granted	32,250
Number of warrants, outstanding, ending balance	166,083	133,833
Number of warrants, exercisable	133,833
Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Weighted Average Exercise Price [Roll Forward]
Outstanding warrants, weighted average exercise price, beginning balance (in dollars per share)	$ 10.21
Granted warrants, weighted average exercise price (in dollars per share)	16.80
Outstanding warrants, weighted average exercise price, ending balance (in dollars per share)	11.49	$ 10.21
Exercisable warrants, weighted average exercise price (in dollars per share)	$ 10.21
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Additional Disclosures [Abstract]
Warrants outstanding, weighted average remaining contractual life	3 years 5 months 1 day	3 years 6 months 15 days
Warrants granted, weighted average remaining contractual life	4 years 11 months 9 days
Warrants exercisable, weighted average remaining contractual life	3 years 18 days	3 years 6 months 15 days
Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Intrinsic Value [Roll Forward]
Outstanding warrants, intrinsic value, beginning balance	$ 634
Granted warrants, intrinsic price	0
Outstanding warrants, intrinsic value, ending balance	806	$ 634
Exercisable warrants, intrinsic price	$ 806	$ 634
Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Nonvested, Weighted Average Grant Date Fair Value [Abstract] [Roll Forward]
Nonvested number of shares	32,250	0
Nonvested warrants, weighted average grant date fair value	0	0

EMPLOYEE BENEFIT PLAN (Details

EMPLOYEE BENEFIT PLAN (Details Textual) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 26, 2016	Jun. 28, 2015	Jun. 26, 2016	Jun. 28, 2015
Defined Benefit Plan Disclosure [Line Items]
Defined contribution plan, cost recognized	$ 227,031	$ 56,978	$ 405,669	$ 118,452
First 3% Employee Compensation
Defined Benefit Plan Disclosure [Line Items]
Defined contribution plan, employer matching contribution, percent of match			100.00%
Defined contribution plan, employer matching contribution, percent of employees' gross pay			3.00%
Next 2% Employee Compensation
Defined Benefit Plan Disclosure [Line Items]
Defined contribution plan, employer matching contribution, percent of match			50.00%
Defined contribution plan, employer matching contribution, percent of employees' gross pay			2.00%

BUSINESS SEGMENTS (Details Text

BUSINESS SEGMENTS (Details Textual)	6 Months Ended
	Jun. 26, 2016segment
Segment Reporting [Abstract]
Number of reportable segments	3

BUSINESS SEGMENTS (Reconciliati

BUSINESS SEGMENTS (Reconciliation of Revenue and Operating Income) (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 26, 2016	Jun. 28, 2015	Jun. 26, 2016	Jun. 28, 2015	Dec. 27, 2015
Segment Reporting Information [Line Items]
Revenues	$ 62,615,014	$ 49,781,392	$ 122,166,000	$ 90,665,537
Depreciation	120,539	66,435	231,200	135,798
Amortization	1,605,899	1,245,248	3,276,708	2,304,479
Operating income	3,984,364	2,676,711	6,646,525	3,540,713
Capital expenditures	194,398	161,410	430,703	359,996
Total assets	81,307,218		81,307,218		$ 84,399,557
Operating Segments | Multifamily
Segment Reporting Information [Line Items]
Revenues	13,930,268	9,842,953	24,667,032	17,669,999
Depreciation	13,711	8,963	23,455	28,403
Amortization	25,139	37,708	62,848	75,417
Operating income	2,062,347	1,414,707	3,527,337	2,326,454
Capital expenditures	77,458	4,184	96,407	58,560
Total assets	8,690,090		8,690,090		7,394,459
Operating Segments | Professional
Segment Reporting Information [Line Items]
Revenues	27,364,482	20,110,552	55,007,111	34,568,143
Depreciation	37,263	13,318	74,411	24,209
Amortization	1,454,293	1,023,067	2,945,002	1,847,400
Operating income	1,981,898	1,389,952	3,573,936	1,877,324
Capital expenditures	9,168	12,551	9,168	54,018
Total assets	43,441,267		43,441,267		46,750,518
Operating Segments | Commercial
Segment Reporting Information [Line Items]
Revenues	21,320,264	19,827,887	42,491,857	38,427,395
Depreciation	23,489	22,787	45,429	45,148
Amortization	126,467	184,473	268,858	381,662
Operating income	1,425,598	1,160,180	2,705,684	2,065,584
Capital expenditures	7,000	49,590	40,321	106,131
Total assets	19,066,588		19,066,588		20,820,483
Corporate, Non-Segment
Segment Reporting Information [Line Items]
Depreciation	46,076	21,367	87,905	38,038
Operating income	(1,485,479)	(1,288,128)	(3,160,432)	(2,728,649)
Capital expenditures	100,772	$ 95,085	284,807	$ 141,287
Total assets	$ 10,109,273		$ 10,109,273		$ 9,434,097

SUBSEQUENT EVENTS (Details Text

SUBSEQUENT EVENTS (Details Textual) - $ / shares	Jul. 26, 2016	Jun. 26, 2016
Subsequent Event [Line Items]
Common stock, dividends, per share, declared		$ 0.25
Subsequent Event
Subsequent Event [Line Items]
Dividend declared date	Aug. 15, 2016
Common stock, dividends, per share, declared	$ 0.25
Dividend payable date	Jul. 26, 2016
Dividend payable date of record	Aug. 8, 2016