NV5 Global (NVEE) 10-Q 5 Aug 22 2022 Q2 Quarterly report Financial data

Cover

Cover - shares	6 Months Ended
	Jul. 02, 2022	Jul. 29, 2022
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jul. 02, 2022
Document Transition Report	false
Entity File Number	001-35849
Entity Registrant Name	NV5 Global, Inc.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	45-3458017
Entity Address, Address Line One	200 South Park Road,
Entity Address, Address Line Two	Suite 350
Entity Address, City or Town	Hollywood,
Entity Address, State or Province	FL
Entity Address, Postal Zip Code	33021
City Area Code	954
Local Phone Number	495-2112
Title of 12(b) Security	Common Stock, $0.01 par value
Trading Symbol	NVEE
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		15,548,626
Entity Central Index Key	0001532961
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q2
Amendment Flag	false
Current Fiscal Year End Date	--12-31

CONSOLIDATED BALANCE SHEETS (UN

CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($) $ in Thousands	Jul. 02, 2022	Jan. 01, 2022
Current assets:
Cash and cash equivalents	$ 44,422	$ 47,980
Billed receivables, net	139,959	153,814
Unbilled receivables, net	93,486	89,734
Prepaid expenses and other current assets	13,159	12,442
Total current assets	291,026	303,970
Property and equipment, net	39,557	32,729
Right-of-use lease assets, net	40,595	44,260
Intangible assets, net	178,383	188,224
Goodwill	394,760	389,916
Other assets	2,639	2,844
Total assets	946,960	961,943
Current liabilities:
Accounts payable	52,310	55,954
Accrued liabilities	51,135	50,461
Billings in excess of costs and estimated earnings on uncompleted contracts	22,625	29,444
Other current liabilities	1,454	1,551
Current portion of contingent consideration	9,772	5,807
Current portion of notes payable and other obligations	18,932	20,734
Total current liabilities	156,228	163,951
Contingent consideration, less current portion	3,020	2,521
Other long-term liabilities	30,564	34,304
Notes payable and other obligations, less current portion	73,839	111,062
Deferred income tax liabilities, net	22,366	25,385
Total liabilities	286,017	337,223
Commitments and contingencies
Stockholders’ equity:
Preferred stock, $0.01 par value; 5,000,000 shares authorized, no shares issued and outstanding	0	0
Common stock, $0.01 par value; 45,000,000 shares authorized, 15,537,134 and 15,414,005 shares issued and outstanding as of July 2, 2022 and January 1, 2022, respectively	155	154
Additional paid-in capital	462,066	451,754
Retained earnings	198,722	172,812
Total stockholders’ equity	660,943	624,720
Total liabilities and stockholders’ equity	$ 946,960	$ 961,943

CONSOLIDATED BALANCE SHEETS (_2

CONSOLIDATED BALANCE SHEETS (UNAUDITED) (Parentheticals) - $ / shares	Jul. 02, 2022	Jan. 01, 2022
Statement of Financial Position [Abstract]
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized (in shares)	5,000,000	5,000,000
Preferred stock, shares issued (in shares)	0	0
Preferred stock, shares outstanding (in shares)	0	0
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	45,000,000	45,000,000
Common stock, shares issued (in shares)	15,537,134	15,414,005
Common stock, shares outstanding (in shares)	15,537,134	15,414,005

CONSOLIDATED STATEMENTS OF NET

CONSOLIDATED STATEMENTS OF NET INCOME AND COMPREHENSIVE INCOME (UNAUDITED) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 02, 2022	Jul. 03, 2021	Jul. 02, 2022	Jul. 03, 2021
Income Statement [Abstract]
Gross revenues	$ 202,732	$ 179,503	$ 392,885	$ 332,598
Direct costs:
Salaries and wages	47,704	45,025	93,681	86,485
Sub-consultant services	40,479	29,978	75,305	53,225
Other direct costs	15,309	13,114	30,833	22,912
Total direct costs	103,492	88,117	199,819	162,622
Gross profit	99,240	91,386	193,066	169,976
Operating expenses:
Salaries and wages, payroll taxes and benefits	47,283	44,213	97,049	87,164
General and administrative	14,494	13,367	30,881	24,915
Facilities and facilities related	5,195	5,038	10,381	10,135
Depreciation and amortization	9,668	10,216	19,602	19,656
Total operating expenses	76,640	72,834	157,913	141,870
Income from operations	22,600	18,552	35,153	28,106
Interest expense	(887)	(1,568)	(1,801)	(3,886)
Income before income tax expense	21,713	16,984	33,352	24,220
Income tax expense	(4,445)	(3,346)	(7,442)	(5,102)
Net income and comprehensive income	$ 17,268	$ 13,638	$ 25,910	$ 19,118
Earnings per share:
Basic (in dollars per share)	$ 1.17	$ 0.95	$ 1.76	$ 1.40
Diluted (in dollars per share)	$ 1.13	$ 0.91	$ 1.70	$ 1.35
Weighted average common shares outstanding:
Basic (in shares)	14,736,167	14,419,671	14,714,745	13,648,247
Diluted (in shares)	15,232,157	14,965,188	15,211,835	14,196,035

CONSOLIDATED STATEMENTS OF CHAN

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS’ EQUITY (UNAUDITED) - USD ($) $ in Thousands	Total	Common Stock	Additional Paid-In Capital	Retained Earnings
Beginning balance (in shares) at Jan. 02, 2021		13,270,131
Beginning balance at Jan. 02, 2021	$ 394,069	$ 133	$ 268,271	$ 125,665
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock-based compensation	7,790		7,790
Restricted stock issuance, net (in shares)		203,056
Restricted stock issuance, net	0	$ 2	(2)
Purchases of common stock tendered by employees to satisfy the required withholding taxes related to stock-based compensation (in shares)		(580)
Purchases of common stock tendered by employees to satisfy the required withholding taxes related to stock-based compensation	(52)		(52)
Stock issuance for acquisitions (in shares)		35,737
Stock issuance for acquisitions	3,060		3,060
Proceeds from secondary offering, net of costs (in shares)		1,854,838
Proceeds from secondary offering, net of costs	161,792	$ 19	161,773
Payment of contingent consideration with common stock (in shares)		2,200
Payment of contingent consideration with common stock	209		209
Net income	19,118			19,118
Ending balance (in shares) at Jul. 03, 2021		15,365,382
Ending balance at Jul. 03, 2021	585,986	$ 154	441,049	144,783
Beginning balance (in shares) at Apr. 03, 2021		14,933,927
Beginning balance at Apr. 03, 2021	547,189	$ 149	415,895	131,145
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock-based compensation	4,094		4,094
Restricted stock issuance, net (in shares)		189,520
Restricted stock issuance, net	0	$ 2	(2)
Stock issuance for acquisitions	(85)		(85)
Proceeds from secondary offering, net of costs (in shares)		241,935
Proceeds from secondary offering, net of costs	21,150	$ 3	21,147
Net income	13,638			13,638
Ending balance (in shares) at Jul. 03, 2021		15,365,382
Ending balance at Jul. 03, 2021	585,986	$ 154	441,049	144,783
Beginning balance (in shares) at Jan. 01, 2022		15,414,005
Beginning balance at Jan. 01, 2022	624,720	$ 154	451,754	172,812
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock-based compensation	8,961		8,961
Restricted stock issuance, net (in shares)		110,610
Restricted stock issuance, net	0	$ 1	(1)
Stock issuance for acquisitions (in shares)		12,519
Stock issuance for acquisitions	1,352		1,352
Net income	25,910			25,910
Ending balance (in shares) at Jul. 02, 2022		15,537,134
Ending balance at Jul. 02, 2022	660,943	$ 155	462,066	198,722
Beginning balance (in shares) at Apr. 02, 2022		15,495,451
Beginning balance at Apr. 02, 2022	639,503	$ 155	457,894	181,454
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock-based compensation	4,172		4,172
Restricted stock issuance, net (in shares)		41,683
Net income	17,268			17,268
Ending balance (in shares) at Jul. 02, 2022		15,537,134
Ending balance at Jul. 02, 2022	$ 660,943	$ 155	$ 462,066	$ 198,722

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($) $ in Thousands	6 Months Ended
	Jul. 02, 2022	Jul. 03, 2021
Cash flows from operating activities:
Net income	$ 25,910	$ 19,118
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	22,058	21,936
Non-cash lease expense	6,265	4,884
Provision for doubtful accounts	594	583
Stock-based compensation	9,615	7,790
Change in fair value of contingent consideration	(518)	235
Gain on disposals of property and equipment	(61)	(581)
Deferred income taxes	(3,014)	(2,988)
Amortization of debt issuance costs	370	454
Changes in operating assets and liabilities, net of impact of acquisitions:
Billed receivables	15,152	36,727
Unbilled receivables	(3,801)	(7,238)
Prepaid expenses and other assets	(511)	(4,208)
Accounts payable	(4,349)	(2,446)
Accrued liabilities	(6,309)	(4,187)
Billings in excess of costs and estimated earnings on uncompleted contracts	(6,867)	(8,158)
Other current liabilities	(276)	307
Net cash provided by operating activities	54,258	62,228
Cash flows from investing activities:
Cash paid for acquisitions (net of cash received from acquisitions)	(4,670)	(21,652)
Proceeds from sale of assets	48	460
Purchase of property and equipment	(10,379)	(4,028)
Net cash used in investing activities	(15,001)	(25,220)
Cash flows from financing activities:
Proceeds from common stock offering	0	172,500
Payments on notes payable	(6,218)	(5,325)
Payments of contingent consideration	(1,597)	(413)
Payments of borrowings from Senior Credit Facility	(35,000)	(145,082)
Payments of common stock offering costs	0	(10,522)
Purchases of common stock tendered by employees to satisfy the required withholding taxes related to stock-based compensation	0	(52)
Net cash (used in) provided by financing activities	(42,815)	11,106
Net (decrease) increase in cash and cash equivalents	(3,558)	48,114
Cash and cash equivalents – beginning of period	47,980	64,909
Cash and cash equivalents – end of period	44,422	113,023
Non-cash investing and financing activities:
Contingent consideration (earn-out)	6,579	3,294
Notes payable and other obligations issued for acquisitions	2,933	11,174
Stock issuance for acquisitions	1,352	3,060
Accrued common stock offering costs	0	186
Finance leases	644	248
Payment of contingent consideration with common stock	$ 0	$ 209

Organization and Nature of Busi

Organization and Nature of Business Operations	6 Months Ended
	Jul. 02, 2022
Accounting Policies [Abstract]
Organization and Nature of Business Operations	Organization and Nature of Business Operations Business NV5 Global, Inc. and its subsidiaries (collectively, the “Company,” or “NV5 Global”) is a provider of technology, conformity assessment, and consulting solutions to public and private sector clients in the infrastructure, utility services, construction, real estate, and environmental markets, operating nationwide and abroad. The Company’s clients include the U.S. Federal, state and local governments, and the private sector. NV5 Global provides a wide range of services, including, but not limited to: ● Utility services ● MEP & technology design ● LNG services ● Commissioning ● Engineering ● Building program management ● Civil program management ● Environmental health & safety ● Surveying ● Real estate transaction services ● Testing, inspection & consulting (TIC) ● Energy efficiency & clean energy services ● Code compliance consulting ● 3D geospatial data modeling ● Forensic services ● Environmental & natural resources ● Litigation support ● Robotic survey solutions ● Ecological studies ● Geospatial data applications & software Fiscal Year The Company operates on a "52/53 week" fiscal year ending on the Saturday closest to the calendar quarter end. Impact of COVID-19 on Our Business The COVID-19 pandemic has significantly impacted global stock markets and economies. The Company is closely monitoring the impact of the outbreak of COVID-19 on all aspects of its business. Some of the Company's services were affected, primarily its Geospatial segment, real estate transactional services and hospitality-related services. In particular, due to COVID-19 restrictions, some of the Company's casino and hotel projects were delayed. As U.S. and international economies have reopened and with increased vaccine availability, real estate transactional services have recovered, however the Company is unable to predict the ultimate impact that it may have on its business, future results of operations, financial position, or cash flows. The extent to which the Company's operations may be impacted by the COVID-19 pandemic will depend largely on future developments, which are highly uncertain and cannot be accurately predicted. The Company intends to continue to monitor the impact of the COVID-19 pandemic on its business closely.

Summary of Significant Accounti

Summary of Significant Accounting Policies	6 Months Ended
	Jul. 02, 2022
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Summary of Significant Accounting Policies Basis of Presentation and Principles of Consolidation The consolidated financial statements of the Company are presented in U.S. dollars in conformity with accounting principles generally accepted in the United States (“U.S. GAAP”) and have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission (the “SEC”) for reporting of interim financial information. Pursuant to such rules and regulations, certain information and footnote disclosures normally included in financial statements prepared in accordance with U.S. GAAP have been condensed or omitted. The consolidated financial statements include the accounts of the Company and its subsidiaries. All intercompany transactions and balances have been eliminated in consolidation. In the opinion of management, the accompanying unaudited interim consolidated financial statements of the Company contain all adjustments necessary to present fairly the financial position and results of operations of the Company as of the dates and for the periods presented. Accordingly, these statements should be read in conjunction with the consolidated financial statements and notes contained in the Company’s Annual Report on Form 10-K for the year ended January 1, 2022 (the “2021 Form 10-K”). The results of operations and cash flows for the interim periods presented are not necessarily indicative of the results to be expected for any future interim period or for the full 2022 fiscal year. Performance Obligations To determine the proper revenue recognition method, the Company evaluates whether two or more contracts should be combined and accounted for as one single contract and whether the combined or single contract should be accounted for as more than one performance obligation. The majority of the Company's contracts have a single performance obligation as the promise to transfer the individual goods or services that is not separately identifiable from other promises in the contracts and therefore, is not distinct. The Company’s performance obligations are satisfied as work progresses or at a point in time. Revenue on the Company's cost-reimbursable contracts is recognized over time using direct costs incurred or direct costs incurred to date as compared to the estimated total direct costs for performance obligations because it depicts the transfer of control to the customer. Contract costs include labor, sub-consultant services, and other direct costs. Gross revenue from services transferred to customers at a point in time is recognized when the customer obtains control of the asset, which is generally upon delivery and acceptance by the customer of the reports and/or analysis performed. As of July 2, 2022, the Company had $740,864 of remaining performance obligations, of which $607,928 is expected to be recognized over the next 12 months and the majority of the balance over the next 24 months. Contracts for which work authorizations have been received are included in performance obligations. Performance obligations include only those amounts that have been funded and authorized and does not reflect the full amounts the Company may receive over the term of such contracts. In the case of non-government contracts and project awards, performance obligations include future revenue at contract or customary rates, excluding contract renewals or extensions that are at the discretion of the client. For contracts with a not-to-exceed maximum amount, the Company includes revenue from such contracts in performance obligations to the extent of the remaining estimated amount. Contract Balances The timing of revenue recognition, billings and cash collections results in billed receivables, unbilled receivables (contract assets), and billings in excess of costs and estimated earnings on uncompleted contracts (contract liabilities) on the Consolidated Balance Sheet. The liability “Billings in excess of costs and estimated earnings on uncompleted contracts” represents billings in excess of revenues recognized on these contracts as of the reporting date. This liability is generally classified as current. During the three and six months ended July 2, 2022 the Company performed services and recognized $6,068 and $22,078, respectively, of revenue related to its contract liabilities that existed as of January 1, 2022. Goodwill and Intangible Assets Goodwill is the excess of consideration paid for an acquired entity over the amounts assigned to assets acquired, including other identifiable intangible assets and liabilities assumed in a business combination. To determine the amount of goodwill resulting from a business combination, the Company performs an assessment to determine the acquisition date fair value of the acquired company’s tangible and identifiable intangible assets and liabilities. Goodwill is required to be evaluated for impairment on an annual basis or whenever events or changes in circumstances indicate the asset may be impaired. An entity has the option to first assess qualitative factors to determine whether the existence of events or circumstances leads to a determination that it is more likely than not that the fair value of a reporting unit is less than its carrying amount. These qualitative factors include: macroeconomic and industry conditions, cost factors, overall financial performance and other relevant entity-specific events. If the entity determines that this threshold is met, then the Company may apply a one-step quantitative test and record the amount of goodwill impairment as the excess of a reporting unit's carrying amount over its fair value, not to exceed the total amount of goodwill allocated to the reporting unit. The Company determines fair value through multiple valuation techniques, and weights the results accordingly. NV5 Global is required to make certain subjective and complex judgments in assessing whether an event of impairment of goodwill has occurred, including assumptions and estimates used to determine the fair value of its reporting units. The Company has elected to perform its annual goodwill impairment review as of August 1 of each year. The Company conducts its annual impairment tests on the goodwill using the quantitative method of evaluating goodwill. As of August 1, 2021, the Company conducted its annual impairment tests using the quantitative method of evaluating goodwill. Based on the quantitative analyses the Company determined the fair value of each of the reporting units exceeded its carrying value. Therefore, the goodwill was not impaired and the Company did not recognize an impairment charge relating to goodwill as of August 1, 2021. Furthermore, there were no indicators, events or changes in circumstances that would indicate goodwill was impaired during the period from August 2, 2021 through July 2, 2022. Identifiable intangible assets primarily include customer backlog, customer relationships, trade names, non-compete agreements, and developed technology. Amortizable intangible assets are amortized on a straight-line basis over their estimated useful lives and reviewed for impairment whenever events or changes in circumstances indicate that the assets may be impaired. If an indicator of impairment exists, the Company compares the estimated future cash flows of the asset, on an undiscounted basis, to the carrying value of the asset. If the undiscounted cash flows exceed the carrying value, no impairment is indicated. If the undiscounted cash flows do not exceed the carrying value, then impairment, if any, is measured as the difference between fair value and carrying value, with fair value typically based on a discounted cash flow model. There were no indicators, events or changes in circumstances that would indicate intangible assets were impaired during the six months ended July 2, 2022. See Note 8, Goodwill and Intangible Assets , for further information on goodwill and identified intangibles.

Recent Accounting Pronouncement

Recent Accounting Pronouncements	6 Months Ended
	Jul. 02, 2022
Accounting Standards Update and Change in Accounting Principle [Abstract]
Recent Accounting Pronouncements	Recent Accounting Pronouncements In October 2021, the FASB issued ASU No. 2021-08, Business Combinations (Topic 805) - Accounting for Contract Assets and Contract Liabilities from Contracts with Customers ("ASU 2021-08"). This ASU improves the accounting for acquired revenue contracts with customers in a business combination by addressing diversity in practice and resulting inconsistencies. This ASU requires an entity to recognize and measure contract assets and contract liabilities acquired in a business combination in accordance with ASC 606, Revenue from Contracts with Customers

Earnings per Share

Earnings per Share	6 Months Ended
	Jul. 02, 2022
Earnings Per Share [Abstract]
Earnings per Share	Earnings per Share Basic earnings per share is calculated by dividing net income by the weighted average number of common shares outstanding during the period, excluding unvested restricted shares. Diluted earnings per share reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock or resulted in the issuance of common stock that then shared in the earnings of the Company. The effect of potentially dilutive securities is not considered during periods of loss or if the effect is anti-dilutive. The weighted average number of shares outstanding in calculating basic earnings per share for the six months ended July 2, 2022 and July 3, 2021 exclude 739,919 and 830,182 non-vested restricted shares, respectively. During the three and six months ended July 2, 2022, there were 20,854 and 25,653 weighted average securities, respectively, which are not included in the calculation of diluted weighted average shares outstanding because their impact is anti-dilutive or their performance conditions have not been met. During the three and six months ended July 3, 2021, there were 16,894 and 11,805 weighted average securities, respectively, which are not included in the calculation of diluted weighted average shares outstanding because their impact is anti-dilutive or their performance conditions have not been met. The following table represents a reconciliation of the net income and weighted average shares outstanding for the calculation of basic and diluted earnings per share: Three Months Ended Six Months Ended July 2, 2022 July 3, 2021 July 2, 2022 July 3, 2021 Numerator: Net income – basic and diluted $ 17,268 $ 13,638 $ 25,910 $ 19,118 Denominator: Basic weighted average shares outstanding 14,736,167 14,419,671 14,714,745 13,648,247 Effect of dilutive non-vested restricted shares and units 481,815 515,913 481,379 520,824 Effect of issuable shares related to acquisitions 14,175 29,604 15,711 26,964 Diluted weighted average shares outstanding 15,232,157 14,965,188 15,211,835 14,196,035 Secondary Offering

Business Acquisitions

Business Acquisitions	6 Months Ended
	Jul. 02, 2022
Business Combination and Asset Acquisition [Abstract]
Business Acquisitions	Business Acquisitions 2022 Acquisition The Company has completed three acquisitions during 2022. The aggregate purchase price for all three acquisitions was $14,156, including $4,644 in cash, a $2,500 promissory note, $433 of the Company's common stock, and potential earn-outs of up to $15,500 payable in cash and common stock, which has been recorded at an estimated fair value of $6,579. An option-based model was used to determine the fair value of the earn-outs, which is a generally accepted valuation technique that embodies all significant assumption types. In order to determine the fair values of tangible and intangible assets acquired and liabilities assumed, the Company engaged an independent third-party valuation specialist to assist in the determination of fair values. The final determination of the fair value of assets and liabilities will be completed within the one-year measurement period as required by ASC 805. The 2022 acquisitions will necessitate the use of this measurement period to adequately analyze and assess the factors used in establishing the asset and liability fair values as of the relevant acquisition date, including intangible assets, accounts receivable, and certain fixed assets. 2021 Acquisitions The Company completed eight acquisitions during 2021. The aggregate purchase price of all eight acquisitions was $100,449, including $69,501 of cash, $19,028 of promissory notes, $6,787 of the Company's common stock, and potential earn-outs of up to $25,700 payable in cash and stock, which was recorded at an estimated fair value of $5,133. An option-based model was used to determine the fair value of the earn-outs, which is a generally accepted valuation technique that embodies all significant assumption types. In order to determine the fair values of tangible and intangible assets acquired and liabilities assumed, the Company engaged an independent third-party valuation specialist to assist in the determination of fair values. The final determination of the fair value of assets and liabilities will be completed within the one-year measurement period as required by ASC 805. The 2021 acquisitions will necessitate the use of this measurement period to adequately analyze and assess the factors used in establishing the asset and liability fair values as of the acquisition date, including intangible assets, accounts receivable, and certain fixed assets. The following table summarizes the fair values of the assets acquired and liabilities assumed as of the acquisition date for the acquisitions closed during the six months ended July 2, 2022 and the fiscal year ended January 1, 2022: Six Months Ended Fiscal Year Ended July 2, 2022 January 1, 2022 Cash $ — $ 1,480 Billed and unbilled receivables, net 1,848 17,728 Right-of-use assets 632 2,932 Property and equipment 1,531 3,741 Prepaid expenses — 587 Other assets — 13 Intangible assets: Customer relationships 5,713 36,338 Trade name 290 2,098 Customer backlog 175 3,847 Non-compete 378 4,456 Total Assets $ 10,567 $ 73,220 Liabilities (1,555) (13,984) Deferred tax liabilities — (4,521) Net assets acquired $ 9,012 $ 54,715 Consideration paid (Cash, Notes and/or stock) $ 7,577 $ 95,316 Contingent earn-out liability (Cash and stock) 6,579 5,133 Total Consideration $ 14,156 $ 100,449 Excess consideration over the amounts assigned to the net assets acquired (Goodwill) $ 5,144 $ 45,734 Goodwill was recorded based on the amount by which the purchase price exceeded the fair value of the net assets acquired and the amount is attributable to the reputation of the business acquired, the workforce in place and the synergies to be achieved from these acquisitions. See Note 8, Goodwill and Intangible Assets , for further information on fair value adjustments to goodwill and identified intangibles. The consolidated financial statements of the Company include the results of operations from any business acquired from their respective dates of acquisition. The following table presents the results of operations of businesses acquired from their respective dates of acquisition for the three and six months ended July 3, 2021. The revenue and earnings of the fiscal 2022 acquisitions included in the Company's results since the acquisition dates are not material to the Company's consolidated financial statements and have not been presented. Three Months Ended Six Months Ended July 3, 2021 July 3, 2021 Gross revenues $ 8,529 $ 9,981 Income before income taxes $ 2,795 $ 3,288 General and administrative expenses for the three and six months ended July 2, 2022 and July 3, 2021 include acquisition-related costs pertaining to the Company's acquisition activities. Acquisition-related costs were not material to the Company's consolidated financial statements. The following table presents the unaudited, pro forma consolidated results of operations (in thousands, except per share amounts) for the three and six months ended July 2, 2022 and July 3, 2021 as if the fiscal 2022 and 2021 acquisitions had occurred at the beginning of fiscal year 2021. The pro forma information provided below is compiled from the pre-acquisition financial information and includes pro forma adjustments for amortization expense, adjustments to certain expenses, and the income tax impact of these adjustments. The pro forma results are not necessarily indicative of (i) the results of operations that would have occurred had the operations of these acquisitions actually been acquired at the beginning of fiscal year 2021 or (ii) future results of operations: Three Months Ended Six Months Ended July 2, 2022 July 3, 2021 July 2, 2022 July 3, 2021 Gross revenues $ 204,806 $ 194,204 $ 396,893 $ 365,985 Net income $ 17,302 $ 14,139 $ 26,003 $ 20,398 Basic earnings per share $ 1.17 $ 0.98 $ 1.77 $ 1.49 Diluted earnings per share $ 1.14 $ 0.94 $ 1.71 $ 1.43 Adjustments were made to the pro forma results to adjust amortization of intangible assets to reflect fair value of identified assets acquired, to record the effects of promissory notes issued, and to record the income tax effect of these adjustments.

Billed and Unbilled Receivables

Billed and Unbilled Receivables	6 Months Ended
	Jul. 02, 2022
Receivables [Abstract]
Billed and Unbilled Receivables	Billed and Unbilled Receivables Billed and Unbilled Receivables consists of the following: July 2, 2022 January 1, 2022 Billed receivables $ 144,500 $ 159,942 Less: allowance for doubtful accounts (4,541) (6,128) Billed receivables, net $ 139,959 $ 153,814 Unbilled receivables $ 95,777 $ 91,558 Less: allowance for doubtful accounts (2,291) (1,824) Unbilled receivables, net $ 93,486 $ 89,734

Property and Equipment, net

Property and Equipment, net	6 Months Ended
	Jul. 02, 2022
Property, Plant and Equipment [Abstract]
Property and Equipment, net	Property and Equipment, net Property and equipment, net, consists of the following: July 2, 2022 January 1, 2022 Office furniture and equipment $ 3,365 $ 3,314 Computer equipment 22,865 20,063 Survey and field equipment 44,831 35,436 Leasehold improvements 6,420 6,395 Total 77,481 65,208 Less: accumulated depreciation (37,924) (32,479) Property and equipment, net $ 39,557 $ 32,729

Goodwill and Intangible Assets

Goodwill and Intangible Assets	6 Months Ended
	Jul. 02, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Intangible Assets	Goodwill and Intangible Assets Goodwill The changes in the carrying value by reportable segment for the six months ended July 2, 2022 were as follows: Six Months Ended January 1, 2022 2022 Acquisitions Adjustments July 2, 2022 INF $ 90,725 $ 120 $ 19 $ 90,864 BTS 111,005 61 (319) 110,747 GEO 188,186 4,963 — 193,149 Total $ 389,916 $ 5,144 $ (300) $ 394,760 Goodwill of $5,144 from acquisitions during the six months ended July 2, 2022 is expected to be deductible for income tax purposes. Intangible Assets Intangible assets, net, as of July 2, 2022 and January 1, 2022 consist of the following: July 2, 2022 January 1, 2022 Gross Accumulated Amortization Net Gross Accumulated Amortization Net Finite-lived intangible assets: Customer relationships (1) $ 225,099 $ (75,958) $ 149,141 $ 219,455 $ (65,017) $ 154,438 Trade name (2) 16,905 (15,348) 1,557 16,615 (14,815) 1,800 Customer backlog (3) 29,133 (26,357) 2,776 28,971 (25,162) 3,809 Non-compete (4) 14,207 (10,304) 3,903 13,829 (9,024) 4,805 Developed technology (5) 32,944 (11,938) 21,006 32,944 (9,572) 23,372 Total finite-lived intangible assets $ 318,288 $ (139,905) $ 178,383 $ 311,814 $ (123,590) $ 188,224 (1) Amortized on a straight-line basis over estimated lives (5 to 12 years) (2) Amortized on a straight-line basis over their estimated lives (1 to 3 years) (3) Amortized on a straight-line basis over their estimated lives (1 to 10 years) (4) Amortized on a straight-line basis over their contractual lives (2 to 5 years) (5) Amortized on a straight-line basis over their estimated lives (5 to 7 years)

Accrued Liabilities

Accrued Liabilities	6 Months Ended
	Jul. 02, 2022
Payables and Accruals [Abstract]
Accrued Liabilities	Accrued Liabilities Accrued liabilities consist of the following: July 2, 2022 January 1, 2022 Current portion of lease liability $ 13,214 $ 12,897 Accrued vacation 14,635 12,819 Payroll and related taxes 12,134 10,931 Benefits 4,226 6,767 Accrued operating expenses 4,988 4,329 Other 1,938 2,718 Total $ 51,135 $ 50,461

Notes Payable and Other Obligat

Notes Payable and Other Obligations	6 Months Ended
	Jul. 02, 2022
Payables and Accruals [Abstract]
Notes Payable and Other Obligations	Notes Payable and Other Obligations Notes payable and other obligations consists of the following: July 2, 2022 January 1, 2022 Senior credit facility $ 63,750 $ 98,750 Uncollateralized promissory notes 27,996 31,493 Finance leases 2,236 2,215 Other obligations 1,814 2,733 Debt issuance costs, net of amortization (3,025) (3,395) Total notes payable and other obligations 92,771 131,796 Current portion of notes payable and other obligations 18,932 20,734 Notes payable and other obligations, less current portion $ 73,839 $ 111,062 As of July 2, 2022 and January 1, 2022, the carrying amount of debt obligations approximates their fair values based on Level 2 inputs as the terms are comparable to terms currently offered by local lending institutions for arrangements with similar terms to industry peers with comparable credit characteristics. Senior Credit Facility On August 13, 2021 (the "Closing Date"), the Company amended and restated its Credit Agreement (the "Second A&R Credit Agreement"), originally dated December 7, 2016 and as amended to the Closing Date, with Bank of America, N.A. ("Bank of America"), as administrative agent, swingline lender and letter of credit issuer, the other lenders party thereto, and certain of the Company's subsidiaries as guarantors. Pursuant to the Second A&R Credit Agreement, the previously drawn term commitments of $150,000 and revolving commitments totaling $215,000 in the aggregate were converted into revolving commitments totaling $400,000 in the aggregate. These revolving commitments are available through August 13, 2026 (the "Maturity Date") and an aggregate amount of approximately $138,750 was drawn under the Second A&R Credit Amendment on the Closing Date to repay previously existing borrowings under the term and revolving facilities prior to such amendment and restatement. Borrowings under the Second A&R Credit Agreement are secured by a first priority lien on substantially all of the assets of the Company. The Second A&R Credit Agreement also includes an accordion feature permitting the Company to request an increase in the revolving facility under the Second A&R Credit Agreement by an additional amount of up to $200,000 in the aggregate. As of July 2, 2022 and January 1, 2022, the outstanding balance on the Senior Credit Facility was $63,750 and $98,750, respectively. Borrowings under the Second A&R Credit Agreement bear interest at variable rates which are, at the Company's option, tied to a Eurocurrency rate equal to LIBOR (London Interbank Offered Rate) plus an applicable margin or a base rate denominated in U.S. dollars. Interest rates remain subject to change based on the Company's consolidated leverage ratio. As of July 2, 2022 the Company's interest rate was 2.3%. The Second A&R Credit Agreement contains financial covenants that require NV5 Global to maintain a consolidated net leverage ratio (the ratio of the Company's pro forma consolidated net funded indebtedness to the Company's pro forma consolidated EBITDA for the most recently completed measurement period) of no greater than 4.00 to 1.00. These financial covenants also require the Company to maintain a consolidated fixed charge coverage ratio of no less than 1.10 to 1.00 as of the end of any measurement period. As of July 2, 2022, the Company was in compliance with the financial covenants. The Second A&R Credit Agreement contains covenants that may have the effect of limiting the Company's ability to, among other things, merge with or acquire other entities, enter into a transaction resulting in a Change in Control, create certain new liens, incur certain additional indebtedness, engage in certain transactions with affiliates, or engage in new lines of business or sell a substantial part of their assets. The Second A&R Credit Agreement also contains customary events of default, including (but not limited to) a default in the payment of principal or, following an applicable grace period, interest, breaches of the Company's covenants or warranties under the Second A&R Credit Agreement, payment default or acceleration of certain indebtedness, certain events of bankruptcy, insolvency or liquidation, certain judgments or uninsured losses, changes in control and certain liabilities related to ERISA based plans. The Second A&R Credit Agreement limits the payment of cash dividends (together with certain other payments that would constitute a "Restricted Payment" within the meaning of the Second A&R Credit Agreement and generally including dividends, stock repurchases and certain other payments in respect to warrants, options, and other rights to acquire equity securities), unless the Consolidated Leverage Ratio would be less than 3.25 to 1.00 and available liquidity (defined as unrestricted, domestically held cash plus revolver availability) would be at least $30,000, in each case after giving effect to such payment. Total debt issuance costs incurred and capitalized in connection with the issuance of the Second A&R Credit Agreement were $3,702. Total amortization of debt issuance costs was $185 and $370 during the three and six months ended July 2, 2022, respectively, and $227 and $454 during the three and six months ended July 3, 2021, respectively. Other Obligations The Company has aggregate obligations related to acquisitions of $29,810 and $34,226 as of July 2, 2022 and January 1, 2022, respectively. As of July 2, 2022, the Company's weighted average interest rate on other outstanding obligations was 2.4%.

Contingent Consideration

Contingent Consideration	6 Months Ended
	Jul. 02, 2022
Commitments and Contingencies Disclosure [Abstract]
Contingent Consideration	Contingent Consideration The following table summarizes the changes in the carrying value of estimated contingent consideration: July 2, 2022 January 1, 2022 Contingent consideration, beginning of the year $ 8,328 $ 2,400 Additions for acquisitions 6,579 5,133 Reduction of liability for payments made (1,597) (1,538) Increase of liability related to re-measurement of fair value (518) 2,333 Total contingent consideration, end of the period 12,792 8,328 Current portion of contingent consideration 9,772 5,807 Contingent consideration, less current portion $ 3,020 $ 2,521

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jul. 02, 2022
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Litigation, Claims and Assessments The Company is subject to certain claims and lawsuits typically filed against the engineering, consulting and construction profession, alleging primarily professional errors or omissions. The Company carries professional liability insurance, subject to certain deductibles and policy limits, against such claims. However, in some actions, parties are seeking damages that exceed our insurance coverage or for which we are not insured. While management does not believe that the resolution of these claims will have a material adverse effect, individually or in aggregate, on its financial position, results of operations or cash flows, management acknowledges the uncertainty surrounding the ultimate resolution of these matters. In August 2021, a Consolidated Amended Class Action Complaint was filed in a case titled In Re: Champlain Towers South Collapse Litigation, 2021-015089-CA-01, Circuit Court of the Eleventh Judicial District, Miami-Dade County regarding the collapse of the Champlain Tower South condominium building in Surfside, Florida. The case initially claimed negligence by the Champlain Towers South Condominium Association, Inc. (the “Association”) led to the building’s partial collapse (the “CTS Collapse”). In November 2021, a Consolidated Second Amended Class Action Complaint (the “Second Complaint”) was filed against firms involved in the construction of a neighboring building known as “Eighty-Seven Park” alleging that work at Eighty-Seven Park may have been a contributing factor in the collapse. The defendants in the Second Complaint included the developers of Eighty-Seven Park, the general contractor and four other firms, including the Company (collectively, the “Eight-Seven Park Defendants”). The Company provided limited services to the developers of Eight-Seven Park in 2016, which is more than 5 years prior to the collapse of the Champlain Tower South Condominium Building. On June 16, 2022, a settlement agreement was reached to settle these cases with (a) proposed class of unit owners, (b) invitees, (c) residents, (d) persons who died or sustained any personal injury (including, without limitation, emotional distress) as a result of the CTS Collapse, (e) persons or entities who suffered a loss of, or damage to, real property or personal property, or suffered other economic loss, as a result of the CTS Collapse, (f) representative claimants, and (g) derivative claimants. The Company’s insurers have agreed to pay the settlement amount on behalf of the Company pursuant to the settlement agreement. The Court granted preliminary approval of the settlement on May 28, 2022, and the plaintiffs provided notice to the proposed settlement class. The Court held a fairness hearing on June 23, 2022, and it issued an order granting final approval of the settlement on June 24, 2022.

Stock-Based Compensation

Stock-Based Compensation	6 Months Ended
	Jul. 02, 2022
Share-Based Payment Arrangement [Abstract]
Stock-Based Compensation	Stock-Based Compensation In October 2011, the Company's stockholders approved the 2011 Equity Incentive Plan, which was subsequently amended and restated in March 2013 (as amended, the “2011 Equity Plan”). The 2011 Equity Plan provides directors, executive officers, and other employees of the Company with additional incentives by allowing them to acquire ownership interest in the business and, as a result, encouraging them to contribute to the Company’s success. The Company may provide these incentives through the grant of stock options, stock appreciation rights, restricted stock, restricted stock units, performance shares and units, and other cash-based or stock-based awards. As of July 2, 2022, 1,981,440 shares of common stock are authorized and reserved for issuance under the 2011 Equity Plan. This reserve automatically increases on each January 1 from 2014 through 2023, by an amount equal to the smaller of (i) 3.5% of the number of shares issued and outstanding on the immediately preceding December 31, or (ii) an amount determined by the Company's Board of Directors. The restricted shares of common stock granted generally provide for service-based vesting after two The following summarizes the activity of restricted stock awards during the six months ended July 2, 2022: Number of Unvested Restricted Shares of Common Stock and Restricted Stock Units Weighted Average January 1, 2022 744,490 $ 66.34 Granted 168,591 $ 114.73 Vested (61,634) $ 57.80 Forfeited (57,981) $ 66.91 July 2, 2022 793,466 $ 77.01 Stock-based compensation expense relating to restricted stock awards during the three and six months ended July 2, 2022 was $4,826 and $9,615, respectively, and $4,094 and $7,790 during the three and six months ended July 3, 2021, respectively. In connection with the Company's 401(k) Profit Sharing match, stock-based compensation expense during the three and six months ended July 2, 2022 includes $383 and $654 of expense related to the Company's liability-classified awards. The total estimated amount of the liability-classified awards for fiscal 2022 is approximately $5,669. Approximately $36,732 of deferred compensation, which is expected to be recognized over the remaining weighted average vesting period of 1.5 years, is unrecognized at July 2, 2022. The total fair value of restricted shares vested during the six months ended July 2, 2022 and July 3, 2021 was $7,296 and $12,426, respectively.

Income Taxes

Income Taxes	6 Months Ended
	Jul. 02, 2022
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes As of July 2, 2022 and January 1, 2022, the Company had net deferred income tax liabilities of $22,366 and $25,385, respectively. Deferred income tax liabilities primarily relate to intangible assets and accounting basis adjustments where we have a future obligation for tax purposes. The Company's effective income tax rate was 20.5% and 22.3% during the three and six months ended July 2, 2022, respectively, and 19.7% and 21.1% during the three and six months ended July 3, 2021, respectively. The difference between the effective income tax rate and the combined statutory federal and state income tax rate was primarily due to the recognition of excess tax benefits from stock-based payments in the second quarter of 2022 and 2021 and federal credits. The Company evaluates tax positions for recognition using a more-likely-than-not recognition threshold, and those tax positions eligible for recognition are measured as the largest amount of tax benefit that is greater than 50% likely of being realized upon the effective settlement with a taxing authority that has full knowledge of all relevant information. Fiscal years 2018 through 2021 are considered open tax years in the U.S. federal jurisdiction, state and foreign jurisdictions. Fiscal years 2012 - 2014 are considered open in the State of California. It is not expected that there will be a significant change in the unrecognized tax benefits within the next 12 months.

Reportable Segments

Reportable Segments	6 Months Ended
	Jul. 02, 2022
Segment Reporting [Abstract]
Reportable Segments	Reportable Segments The Company reports segment information in accordance with ASC Topic No. 280 “ Segment Reporting” (“Topic No. 280”). The Company's Chief Executive Officer, who is the chief operating decision maker ("CODM"), organized the Company into three operating and reportable segments: Infrastructure ("INF"), which includes the Company's engineering, civil program management, utility services, and construction quality assurance, testing and inspection practices; Building, Technology & Sciences ("BTS"), which includes the Company's environmental health sciences, buildings and program management, and MEP & technology design practices; and Geospatial Solutions ("GEO"), which includes the Company's geospatial solution practices. The Company evaluates the performance of these reportable segments based on their respective operating income before the effect of amortization expense related to acquisitions and other unallocated corporate expenses. The following tables set forth summarized financial information concerning our reportable segments: Three Months Ended Six Months Ended July 2, 2022 July 3, 2021 July 2, 2022 July 3, 2021 Gross revenues INF $ 102,639 $ 97,755 $ 202,600 $ 185,288 BTS 61,331 43,818 121,785 82,423 GEO 38,762 37,930 68,500 64,887 Total gross revenues $ 202,732 $ 179,503 $ 392,885 $ 332,598 Segment income before taxes INF $ 19,206 $ 19,149 $ 35,457 $ 35,961 BTS 12,622 7,501 25,435 13,766 GEO 11,034 10,121 16,138 14,026 Total Segment income before taxes 42,862 36,771 77,030 63,753 Corporate (1) (21,149) (19,787) (43,678) (39,533) Total income before taxes $ 21,713 $ 16,984 $ 33,352 $ 24,220 (1) Includes amortization of intangibles of $8,056 and $16,319 for the three and six months ended July 2, 2022, respectively, and $8,529 and $16,497 for the three and six months ended July 3, 2021, respectively. The Company disaggregates its gross revenues from contracts with customers by geographic location, customer-type and contract-type for each of our reportable segments. Disaggregated revenues include the elimination of inter-segment revenues which has been allocated to each segment. The Company believes this best depicts how the nature, amount, timing and uncertainty of its revenues and cash flows are affected by economic factors. Gross revenue, classified by the major geographic areas in which the Company's customers were located, were as follows: Three Months Ended July 2, 2022 Six Months Ended July 2, 2022 INF BTS GEO Total INF BTS GEO Total United States $ 102,639 $ 54,603 $ 38,245 $ 195,487 $ 202,600 $ 107,521 $ 67,462 $ 377,583 Foreign — 6,728 517 7,245 — 14,264 1,038 15,302 Total gross revenues $ 102,639 $ 61,331 $ 38,762 $ 202,732 $ 202,600 $ 121,785 $ 68,500 $ 392,885 Three Months Ended July 3, 2021 Six Months Ended July 3, 2021 INF BTS GEO Total INF BTS GEO Total United States $ 97,755 $ 39,718 $ 37,490 $ 174,963 $ 185,288 $ 75,016 $ 63,864 $ 324,168 Foreign — 4,100 440 4,540 — 7,407 1,023 8,430 Total gross revenues $ 97,755 $ 43,818 $ 37,930 $ 179,503 $ 185,288 $ 82,423 $ 64,887 $ 332,598 Gross revenue by customer were as follows: Three Months Ended July 2, 2022 Six Months Ended July 2, 2022 INF BTS GEO Total INF BTS GEO Total Public and quasi-public sector $ 80,054 $ 15,635 $ 31,644 $ 127,333 $ 159,258 $ 30,896 $ 54,634 $ 244,788 Private sector 22,585 45,696 7,118 75,399 43,342 90,889 13,866 148,097 Total gross revenues $ 102,639 $ 61,331 $ 38,762 $ 202,732 $ 202,600 $ 121,785 $ 68,500 $ 392,885 Three Months Ended July 3, 2021 Six Months Ended July 3, 2021 INF BTS GEO Total INF BTS GEO Total Public and quasi-public sector $ 76,777 $ 16,562 $ 24,847 $ 118,186 $ 145,460 $ 36,885 $ 42,820 $ 225,165 Private sector 20,978 27,256 13,083 61,317 39,828 45,538 22,067 107,433 Total gross revenues $ 97,755 $ 43,818 $ 37,930 $ 179,503 $ 185,288 $ 82,423 $ 64,887 $ 332,598 Gross revenues by contract type were as follows: Three Months Ended July 2, 2022 Six Months Ended July 2, 2022 INF BTS GEO Total INF BTS GEO Total Cost-reimbursable contracts $ 98,604 $ 39,006 $ 38,638 $ 176,248 $ 194,326 $ 78,492 $ 68,283 $ 341,101 Fixed-unit price contracts 4,035 22,325 124 26,484 8,274 43,293 217 51,784 Total gross revenues $ 102,639 $ 61,331 $ 38,762 $ 202,732 $ 202,600 $ 121,785 $ 68,500 $ 392,885 Three Months Ended July 3, 2021 Six Months Ended July 3, 2021 INF BTS GEO Total INF BTS GEO Total Cost-reimbursable contracts $ 93,396 $ 31,453 $ 37,822 $ 162,671 $ 176,781 $ 60,162 $ 64,711 $ 301,654 Fixed-unit price contracts 4,359 12,365 108 16,832 8,507 22,261 176 30,944 Total gross revenues $ 97,755 $ 43,818 $ 37,930 $ 179,503 $ 185,288 $ 82,423 $ 64,887 $ 332,598

Leases

Leases	6 Months Ended
	Jul. 02, 2022
Leases [Abstract]
Leases	Leases The Company primarily leases property under operating leases and has six equipment operating leases for aircrafts used by the operations of QSI. The Company's property operating leases consist of various office facilities. The Company uses a portfolio approach to account for such leases due to the similarities in characteristics and apply an incremental borrowing rate based on estimates of rates the Company would pay for senior collateralized loans over a similar term. The Company's office leases with an initial term of 12 months or less are not recorded on the balance sheet. The Company accounts for lease components (e.g. fixed payments including rent, real estate taxes and common area maintenance costs) as a single lease component. Some of the Company's leases include one or more options to renew the lease term at its sole discretion; however, these are not included in the calculation of its lease liability or right-of-use ("ROU") lease asset because they are not reasonably certain of exercise. The Company also leases vehicles through a fleet leasing program. The payments for the vehicles are based on the terms selected. The Company has determined that it is reasonably certain that the leased vehicles will be held beyond the period in which the entire capitalized value of the vehicle has been paid to the lessor. As such, the capitalized value is the delivered price of the vehicle. The Company's vehicle leases are classified as financing leases. Supplemental balance sheet information related to the Company's operating and finance leases is as follows: Leases Classification July 2, 2022 January 1, 2022 Assets Operating lease assets Right-of-use lease asset, net (1) $ 40,595 $ 44,260 Finance lease assets Property and equipment, net (1) 2,217 2,197 Total leased assets $ 42,812 $ 46,457 Liabilities Current Operating Accrued liabilities $ (13,214) $ (12,897) Finance Current portion of notes payable and other obligations (1,134) (1,225) Noncurrent Operating Other long-term liabilities (29,358) (33,169) Finance Notes payable and other obligations, less current portion (1,102) (990) Total lease liabilities $ (44,808) $ (48,281) (1) At July 2, 2022, operating right of-use lease assets and finance lease assets are recorded net of accumulated amortization of $33,445 and $4,247, respectively. At January 1, 2022, operating right-of-use lease assets and finance lease assets are recorded net of accumulated amortization of $29,257 and $3,643, respectively. Supplemental balance sheet information related to the Company's operating and finance leases is as follows: Weighted - Average Remaining Lease Term (Years) July 2, 2022 January 1, 2022 Operating leases 4.2 4.5 Finance leases 1.5 1.6 Weighted - Average Discount Rate Operating leases 3.9% 4.0% Finance leases 7.0% 7.0% Supplemental cash flow information related to the Company's operating and finance lease liabilities is as follows: Three Months Ended Six Months Ended July 2, 2022 July 3, 2021 July 2, 2022 July 3, 2021 Operating cash flows from operating leases $ 3,439 $ 3,531 $ 6,881 $ 7,048 Financing cash flows from finance leases $ 303 $ 337 $ 623 $ 592 Right-of-use assets obtained in exchange for lease obligations: Operating leases $ 724 $ 1,073 $ 926 $ 2,382 The following tables summarize the components of lease cost recognized in the consolidated statements of net income and comprehensive income: Three Months Ended Six Months Ended Lease Cost Classification July 2, 2022 July 2, 2022 Operating lease cost Facilities and facilities related $ 3,869 $ 7,692 Variable operating lease cost Facilities and facilities related 827 1,740 Finance lease cost Amortization of financing lease assets Depreciation and amortization 302 626 Interest on lease liabilities Interest expense 30 65 Total lease cost $ 5,028 $ 10,123 Three Months Ended Six Months Ended Lease Cost Classification July 3, 2021 July 3, 2021 Operating lease cost Facilities and facilities related $ 3,973 $ 7,654 Variable operating lease cost Facilities and facilities related 333 931 Finance lease cost Amortization of financing lease assets Depreciation and amortization 337 592 Interest on lease liabilities Interest expense 45 78 Total lease cost $ 4,688 $ 9,255 As of July 2, 2022, maturities of the Company's lease liabilities under its long-term operating leases and finance leases for the next five fiscal years and thereafter are as follows: Fiscal Year Operating Leases Finance Leases Remainder of 2022 $ 7,516 $ 1,212 2023 13,116 660 2024 10,025 306 2025 7,078 257 2026 4,401 85 Thereafter 3,884 8 Total lease payments 46,020 2,528 Less: Interest (3,448) (292) Present value of lease liabilities $ 42,572 $ 2,236
Leases	Leases The Company primarily leases property under operating leases and has six equipment operating leases for aircrafts used by the operations of QSI. The Company's property operating leases consist of various office facilities. The Company uses a portfolio approach to account for such leases due to the similarities in characteristics and apply an incremental borrowing rate based on estimates of rates the Company would pay for senior collateralized loans over a similar term. The Company's office leases with an initial term of 12 months or less are not recorded on the balance sheet. The Company accounts for lease components (e.g. fixed payments including rent, real estate taxes and common area maintenance costs) as a single lease component. Some of the Company's leases include one or more options to renew the lease term at its sole discretion; however, these are not included in the calculation of its lease liability or right-of-use ("ROU") lease asset because they are not reasonably certain of exercise. The Company also leases vehicles through a fleet leasing program. The payments for the vehicles are based on the terms selected. The Company has determined that it is reasonably certain that the leased vehicles will be held beyond the period in which the entire capitalized value of the vehicle has been paid to the lessor. As such, the capitalized value is the delivered price of the vehicle. The Company's vehicle leases are classified as financing leases. Supplemental balance sheet information related to the Company's operating and finance leases is as follows: Leases Classification July 2, 2022 January 1, 2022 Assets Operating lease assets Right-of-use lease asset, net (1) $ 40,595 $ 44,260 Finance lease assets Property and equipment, net (1) 2,217 2,197 Total leased assets $ 42,812 $ 46,457 Liabilities Current Operating Accrued liabilities $ (13,214) $ (12,897) Finance Current portion of notes payable and other obligations (1,134) (1,225) Noncurrent Operating Other long-term liabilities (29,358) (33,169) Finance Notes payable and other obligations, less current portion (1,102) (990) Total lease liabilities $ (44,808) $ (48,281) (1) At July 2, 2022, operating right of-use lease assets and finance lease assets are recorded net of accumulated amortization of $33,445 and $4,247, respectively. At January 1, 2022, operating right-of-use lease assets and finance lease assets are recorded net of accumulated amortization of $29,257 and $3,643, respectively. Supplemental balance sheet information related to the Company's operating and finance leases is as follows: Weighted - Average Remaining Lease Term (Years) July 2, 2022 January 1, 2022 Operating leases 4.2 4.5 Finance leases 1.5 1.6 Weighted - Average Discount Rate Operating leases 3.9% 4.0% Finance leases 7.0% 7.0% Supplemental cash flow information related to the Company's operating and finance lease liabilities is as follows: Three Months Ended Six Months Ended July 2, 2022 July 3, 2021 July 2, 2022 July 3, 2021 Operating cash flows from operating leases $ 3,439 $ 3,531 $ 6,881 $ 7,048 Financing cash flows from finance leases $ 303 $ 337 $ 623 $ 592 Right-of-use assets obtained in exchange for lease obligations: Operating leases $ 724 $ 1,073 $ 926 $ 2,382 The following tables summarize the components of lease cost recognized in the consolidated statements of net income and comprehensive income: Three Months Ended Six Months Ended Lease Cost Classification July 2, 2022 July 2, 2022 Operating lease cost Facilities and facilities related $ 3,869 $ 7,692 Variable operating lease cost Facilities and facilities related 827 1,740 Finance lease cost Amortization of financing lease assets Depreciation and amortization 302 626 Interest on lease liabilities Interest expense 30 65 Total lease cost $ 5,028 $ 10,123 Three Months Ended Six Months Ended Lease Cost Classification July 3, 2021 July 3, 2021 Operating lease cost Facilities and facilities related $ 3,973 $ 7,654 Variable operating lease cost Facilities and facilities related 333 931 Finance lease cost Amortization of financing lease assets Depreciation and amortization 337 592 Interest on lease liabilities Interest expense 45 78 Total lease cost $ 4,688 $ 9,255 As of July 2, 2022, maturities of the Company's lease liabilities under its long-term operating leases and finance leases for the next five fiscal years and thereafter are as follows: Fiscal Year Operating Leases Finance Leases Remainder of 2022 $ 7,516 $ 1,212 2023 13,116 660 2024 10,025 306 2025 7,078 257 2026 4,401 85 Thereafter 3,884 8 Total lease payments 46,020 2,528 Less: Interest (3,448) (292) Present value of lease liabilities $ 42,572 $ 2,236

Employee Benefit Plan

Employee Benefit Plan	6 Months Ended
	Jul. 02, 2022
Retirement Benefits [Abstract]
Employee Benefit Plan	Employee Benefit PlanThe Company sponsors 401(k) plans for which employees meeting certain age and length of service requirements may contribute up to the defined statutory limit. In 2022 the Company will be offering a 401(k) Profit Sharing match for participating employees equal to 50% of contributions into the plan up to the first 6% of eligible compensation. The match will be allocated 25% in cash to the retirement plan and 75% in restricted stock awards (“RSA’s”) under the NV5 Incentive Plan with a three-year vesting. This annual match will be made after the completion of the plan year and employees must be employed on December 31st of the plan year to receive the match. The RSA’s to be issued are deemed to be liability-classified awards that will be recognized over the applicable service period. The awards will be remeasured to fair value each reporting period until the unvested RSAs are granted.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	6 Months Ended
	Jul. 02, 2022
Accounting Policies [Abstract]
Basis of Presentation and Principles of Consolidation	Basis of Presentation and Principles of Consolidation The consolidated financial statements of the Company are presented in U.S. dollars in conformity with accounting principles generally accepted in the United States (“U.S. GAAP”) and have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission (the “SEC”) for reporting of interim financial information. Pursuant to such rules and regulations, certain information and footnote disclosures normally included in financial statements prepared in accordance with U.S. GAAP have been condensed or omitted. The consolidated financial statements include the accounts of the Company and its subsidiaries. All intercompany transactions and balances have been eliminated in consolidation. In the opinion of management, the accompanying unaudited interim consolidated financial statements of the Company contain all adjustments necessary to present fairly the financial position and results of operations of the Company as of the dates
Performance Obligations	Performance Obligations To determine the proper revenue recognition method, the Company evaluates whether two or more contracts should be combined and accounted for as one single contract and whether the combined or single contract should be accounted for as more than one performance obligation. The majority of the Company's contracts have a single performance obligation as the promise to transfer the individual goods or services that is not separately identifiable from other promises in the contracts and therefore, is not distinct. The Company’s performance obligations are satisfied as work progresses or at a point in time. Revenue on the Company's cost-reimbursable contracts is recognized over time using direct costs incurred or direct costs incurred to date as compared to the estimated total direct costs for performance obligations because it depicts the transfer of control to the customer. Contract costs include labor, sub-consultant services, and other direct costs. Gross revenue from services transferred to customers at a point in time is recognized when the customer obtains control of the asset, which is generally upon delivery and acceptance by the customer of the reports and/or analysis performed. As of July 2, 2022, the Company had $740,864 of remaining performance obligations, of which $607,928 is expected to be recognized over the next 12 months and the majority of the balance over the next 24 months. Contracts for which work authorizations have been received are included in performance obligations. Performance obligations include only those amounts that have been funded and authorized and does not reflect the full amounts the Company may receive over the term of such contracts. In the case of non-government contracts and project awards, performance obligations include future revenue at contract or customary rates, excluding contract renewals or extensions that are at the discretion of the client. For contracts with a not-to-exceed maximum amount, the Company includes revenue from such contracts in performance obligations to the extent of the remaining estimated amount. Contract Balances
Goodwill and Intangible Assets	Goodwill and Intangible Assets Goodwill is the excess of consideration paid for an acquired entity over the amounts assigned to assets acquired, including other identifiable intangible assets and liabilities assumed in a business combination. To determine the amount of goodwill resulting from a business combination, the Company performs an assessment to determine the acquisition date fair value of the acquired company’s tangible and identifiable intangible assets and liabilities. Goodwill is required to be evaluated for impairment on an annual basis or whenever events or changes in circumstances indicate the asset may be impaired. An entity has the option to first assess qualitative factors to determine whether the existence of events or circumstances leads to a determination that it is more likely than not that the fair value of a reporting unit is less than its carrying amount. These qualitative factors include: macroeconomic and industry conditions, cost factors, overall financial performance and other relevant entity-specific events. If the entity determines that this threshold is met, then the Company may apply a one-step quantitative test and record the amount of goodwill impairment as the excess of a reporting unit's carrying amount over its fair value, not to exceed the total amount of goodwill allocated to the reporting unit. The Company determines fair value through multiple valuation techniques, and weights the results accordingly. NV5 Global is required to make certain subjective and complex judgments in assessing whether an event of impairment of goodwill has occurred, including assumptions and estimates used to determine the fair value of its reporting units. The Company has elected to perform its annual goodwill impairment review as of August 1 of each year. The Company conducts its annual impairment tests on the goodwill using the quantitative method of evaluating goodwill. As of August 1, 2021, the Company conducted its annual impairment tests using the quantitative method of evaluating goodwill. Based on the quantitative analyses the Company determined the fair value of each of the reporting units exceeded its carrying value. Therefore, the goodwill was not impaired and the Company did not recognize an impairment charge relating to goodwill as of August 1, 2021. Furthermore, there were no indicators, events or changes in circumstances that would indicate goodwill was impaired during the period from August 2, 2021 through July 2, 2022.
Recently Accounting Pronouncements	Recent Accounting Pronouncements In October 2021, the FASB issued ASU No. 2021-08, Business Combinations (Topic 805) - Accounting for Contract Assets and Contract Liabilities from Contracts with Customers ("ASU 2021-08"). This ASU improves the accounting for acquired revenue contracts with customers in a business combination by addressing diversity in practice and resulting inconsistencies. This ASU requires an entity to recognize and measure contract assets and contract liabilities acquired in a business combination in accordance with ASC 606, Revenue from Contracts with Customers

Earnings per Share (Tables)

Earnings per Share (Tables)	6 Months Ended
	Jul. 02, 2022
Earnings Per Share [Abstract]
Schedule of reconciliation of the net income and weighted average shares outstanding for the calculation of basic and diluted earnings per share	The following table represents a reconciliation of the net income and weighted average shares outstanding for the calculation of basic and diluted earnings per share: Three Months Ended Six Months Ended July 2, 2022 July 3, 2021 July 2, 2022 July 3, 2021 Numerator: Net income – basic and diluted $ 17,268 $ 13,638 $ 25,910 $ 19,118 Denominator: Basic weighted average shares outstanding 14,736,167 14,419,671 14,714,745 13,648,247 Effect of dilutive non-vested restricted shares and units 481,815 515,913 481,379 520,824 Effect of issuable shares related to acquisitions 14,175 29,604 15,711 26,964 Diluted weighted average shares outstanding 15,232,157 14,965,188 15,211,835 14,196,035

Business Acquisitions (Tables)

Business Acquisitions (Tables)	6 Months Ended
	Jul. 02, 2022
Business Combination and Asset Acquisition [Abstract]
Schedule of the fair values of the assets acquires and liabilities assumed	The following table summarizes the fair values of the assets acquired and liabilities assumed as of the acquisition date for the acquisitions closed during the six months ended July 2, 2022 and the fiscal year ended January 1, 2022: Six Months Ended Fiscal Year Ended July 2, 2022 January 1, 2022 Cash $ — $ 1,480 Billed and unbilled receivables, net 1,848 17,728 Right-of-use assets 632 2,932 Property and equipment 1,531 3,741 Prepaid expenses — 587 Other assets — 13 Intangible assets: Customer relationships 5,713 36,338 Trade name 290 2,098 Customer backlog 175 3,847 Non-compete 378 4,456 Total Assets $ 10,567 $ 73,220 Liabilities (1,555) (13,984) Deferred tax liabilities — (4,521) Net assets acquired $ 9,012 $ 54,715 Consideration paid (Cash, Notes and/or stock) $ 7,577 $ 95,316 Contingent earn-out liability (Cash and stock) 6,579 5,133 Total Consideration $ 14,156 $ 100,449 Excess consideration over the amounts assigned to the net assets acquired (Goodwill) $ 5,144 $ 45,734
Schedule of pro forma consolidated results of operations	The following table presents the results of operations of businesses acquired from their respective dates of acquisition for the three and six months ended July 3, 2021. The revenue and earnings of the fiscal 2022 acquisitions included in the Company's results since the acquisition dates are not material to the Company's consolidated financial statements and have not been presented. Three Months Ended Six Months Ended July 3, 2021 July 3, 2021 Gross revenues $ 8,529 $ 9,981 Income before income taxes $ 2,795 $ 3,288 Three Months Ended Six Months Ended July 2, 2022 July 3, 2021 July 2, 2022 July 3, 2021 Gross revenues $ 204,806 $ 194,204 $ 396,893 $ 365,985 Net income $ 17,302 $ 14,139 $ 26,003 $ 20,398 Basic earnings per share $ 1.17 $ 0.98 $ 1.77 $ 1.49 Diluted earnings per share $ 1.14 $ 0.94 $ 1.71 $ 1.43

Billed and Unbilled Receivabl_2

Billed and Unbilled Receivables (Tables)	6 Months Ended
	Jul. 02, 2022
Receivables [Abstract]
Schedule of accounts, notes, loans and financing receivable	Billed and Unbilled Receivables consists of the following: July 2, 2022 January 1, 2022 Billed receivables $ 144,500 $ 159,942 Less: allowance for doubtful accounts (4,541) (6,128) Billed receivables, net $ 139,959 $ 153,814 Unbilled receivables $ 95,777 $ 91,558 Less: allowance for doubtful accounts (2,291) (1,824) Unbilled receivables, net $ 93,486 $ 89,734

Property and Equipment, net (Ta

Property and Equipment, net (Tables)	6 Months Ended
	Jul. 02, 2022
Property, Plant and Equipment [Abstract]
Schedule of property and equipment	Property and equipment, net, consists of the following: July 2, 2022 January 1, 2022 Office furniture and equipment $ 3,365 $ 3,314 Computer equipment 22,865 20,063 Survey and field equipment 44,831 35,436 Leasehold improvements 6,420 6,395 Total 77,481 65,208 Less: accumulated depreciation (37,924) (32,479) Property and equipment, net $ 39,557 $ 32,729

Goodwill and Intangible Assets

Goodwill and Intangible Assets (Tables)	6 Months Ended
	Jul. 02, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of goodwill	The changes in the carrying value by reportable segment for the six months ended July 2, 2022 were as follows: Six Months Ended January 1, 2022 2022 Acquisitions Adjustments July 2, 2022 INF $ 90,725 $ 120 $ 19 $ 90,864 BTS 111,005 61 (319) 110,747 GEO 188,186 4,963 — 193,149 Total $ 389,916 $ 5,144 $ (300) $ 394,760
Schedule of finite-lived intangible assets	Intangible assets, net, as of July 2, 2022 and January 1, 2022 consist of the following: July 2, 2022 January 1, 2022 Gross Accumulated Amortization Net Gross Accumulated Amortization Net Finite-lived intangible assets: Customer relationships (1) $ 225,099 $ (75,958) $ 149,141 $ 219,455 $ (65,017) $ 154,438 Trade name (2) 16,905 (15,348) 1,557 16,615 (14,815) 1,800 Customer backlog (3) 29,133 (26,357) 2,776 28,971 (25,162) 3,809 Non-compete (4) 14,207 (10,304) 3,903 13,829 (9,024) 4,805 Developed technology (5) 32,944 (11,938) 21,006 32,944 (9,572) 23,372 Total finite-lived intangible assets $ 318,288 $ (139,905) $ 178,383 $ 311,814 $ (123,590) $ 188,224 (1) Amortized on a straight-line basis over estimated lives (5 to 12 years) (2) Amortized on a straight-line basis over their estimated lives (1 to 3 years) (3) Amortized on a straight-line basis over their estimated lives (1 to 10 years) (4) Amortized on a straight-line basis over their contractual lives (2 to 5 years) (5) Amortized on a straight-line basis over their estimated lives (5 to 7 years)

Accrued Liabilities (Tables)

Accrued Liabilities (Tables)	6 Months Ended
	Jul. 02, 2022
Payables and Accruals [Abstract]
Schedule of accrued liabilities	Accrued liabilities consist of the following: July 2, 2022 January 1, 2022 Current portion of lease liability $ 13,214 $ 12,897 Accrued vacation 14,635 12,819 Payroll and related taxes 12,134 10,931 Benefits 4,226 6,767 Accrued operating expenses 4,988 4,329 Other 1,938 2,718 Total $ 51,135 $ 50,461

Notes Payable and Other Oblig_2

Notes Payable and Other Obligations (Tables)	6 Months Ended
	Jul. 02, 2022
Payables and Accruals [Abstract]
Schedule of notes payable and other obligations	Notes payable and other obligations consists of the following: July 2, 2022 January 1, 2022 Senior credit facility $ 63,750 $ 98,750 Uncollateralized promissory notes 27,996 31,493 Finance leases 2,236 2,215 Other obligations 1,814 2,733 Debt issuance costs, net of amortization (3,025) (3,395) Total notes payable and other obligations 92,771 131,796 Current portion of notes payable and other obligations 18,932 20,734 Notes payable and other obligations, less current portion $ 73,839 $ 111,062

Contingent Consideration (Table

Contingent Consideration (Tables)	6 Months Ended
	Jul. 02, 2022
Commitments and Contingencies Disclosure [Abstract]
Schedule of changes carrying value of estimated contingent consideration	The following table summarizes the changes in the carrying value of estimated contingent consideration: July 2, 2022 January 1, 2022 Contingent consideration, beginning of the year $ 8,328 $ 2,400 Additions for acquisitions 6,579 5,133 Reduction of liability for payments made (1,597) (1,538) Increase of liability related to re-measurement of fair value (518) 2,333 Total contingent consideration, end of the period 12,792 8,328 Current portion of contingent consideration 9,772 5,807 Contingent consideration, less current portion $ 3,020 $ 2,521

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	6 Months Ended
	Jul. 02, 2022
Share-Based Payment Arrangement [Abstract]
Share-based payment arrangement, restricted stock unit, activity	The following summarizes the activity of restricted stock awards during the six months ended July 2, 2022: Number of Unvested Restricted Shares of Common Stock and Restricted Stock Units Weighted Average January 1, 2022 744,490 $ 66.34 Granted 168,591 $ 114.73 Vested (61,634) $ 57.80 Forfeited (57,981) $ 66.91 July 2, 2022 793,466 $ 77.01

Reportable Segments (Tables)

Reportable Segments (Tables)	6 Months Ended
	Jul. 02, 2022
Segment Reporting [Abstract]
Schedule of segment reporting information, by segment	The following tables set forth summarized financial information concerning our reportable segments: Three Months Ended Six Months Ended July 2, 2022 July 3, 2021 July 2, 2022 July 3, 2021 Gross revenues INF $ 102,639 $ 97,755 $ 202,600 $ 185,288 BTS 61,331 43,818 121,785 82,423 GEO 38,762 37,930 68,500 64,887 Total gross revenues $ 202,732 $ 179,503 $ 392,885 $ 332,598 Segment income before taxes INF $ 19,206 $ 19,149 $ 35,457 $ 35,961 BTS 12,622 7,501 25,435 13,766 GEO 11,034 10,121 16,138 14,026 Total Segment income before taxes 42,862 36,771 77,030 63,753 Corporate (1) (21,149) (19,787) (43,678) (39,533) Total income before taxes $ 21,713 $ 16,984 $ 33,352 $ 24,220 (1) Includes amortization of intangibles of $8,056 and $16,319 for the three and six months ended July 2, 2022, respectively, and $8,529 and $16,497 for the three and six months ended July 3, 2021, respectively.
Schedule of revenue from external customers by geographic areas	Gross revenue, classified by the major geographic areas in which the Company's customers were located, were as follows: Three Months Ended July 2, 2022 Six Months Ended July 2, 2022 INF BTS GEO Total INF BTS GEO Total United States $ 102,639 $ 54,603 $ 38,245 $ 195,487 $ 202,600 $ 107,521 $ 67,462 $ 377,583 Foreign — 6,728 517 7,245 — 14,264 1,038 15,302 Total gross revenues $ 102,639 $ 61,331 $ 38,762 $ 202,732 $ 202,600 $ 121,785 $ 68,500 $ 392,885 Three Months Ended July 3, 2021 Six Months Ended July 3, 2021 INF BTS GEO Total INF BTS GEO Total United States $ 97,755 $ 39,718 $ 37,490 $ 174,963 $ 185,288 $ 75,016 $ 63,864 $ 324,168 Foreign — 4,100 440 4,540 — 7,407 1,023 8,430 Total gross revenues $ 97,755 $ 43,818 $ 37,930 $ 179,503 $ 185,288 $ 82,423 $ 64,887 $ 332,598
Schedule of revenue by major customers by reporting segments	Gross revenue by customer were as follows: Three Months Ended July 2, 2022 Six Months Ended July 2, 2022 INF BTS GEO Total INF BTS GEO Total Public and quasi-public sector $ 80,054 $ 15,635 $ 31,644 $ 127,333 $ 159,258 $ 30,896 $ 54,634 $ 244,788 Private sector 22,585 45,696 7,118 75,399 43,342 90,889 13,866 148,097 Total gross revenues $ 102,639 $ 61,331 $ 38,762 $ 202,732 $ 202,600 $ 121,785 $ 68,500 $ 392,885 Three Months Ended July 3, 2021 Six Months Ended July 3, 2021 INF BTS GEO Total INF BTS GEO Total Public and quasi-public sector $ 76,777 $ 16,562 $ 24,847 $ 118,186 $ 145,460 $ 36,885 $ 42,820 $ 225,165 Private sector 20,978 27,256 13,083 61,317 39,828 45,538 22,067 107,433 Total gross revenues $ 97,755 $ 43,818 $ 37,930 $ 179,503 $ 185,288 $ 82,423 $ 64,887 $ 332,598
Schedule of revenue from external customers by products and services	Gross revenues by contract type were as follows: Three Months Ended July 2, 2022 Six Months Ended July 2, 2022 INF BTS GEO Total INF BTS GEO Total Cost-reimbursable contracts $ 98,604 $ 39,006 $ 38,638 $ 176,248 $ 194,326 $ 78,492 $ 68,283 $ 341,101 Fixed-unit price contracts 4,035 22,325 124 26,484 8,274 43,293 217 51,784 Total gross revenues $ 102,639 $ 61,331 $ 38,762 $ 202,732 $ 202,600 $ 121,785 $ 68,500 $ 392,885 Three Months Ended July 3, 2021 Six Months Ended July 3, 2021 INF BTS GEO Total INF BTS GEO Total Cost-reimbursable contracts $ 93,396 $ 31,453 $ 37,822 $ 162,671 $ 176,781 $ 60,162 $ 64,711 $ 301,654 Fixed-unit price contracts 4,359 12,365 108 16,832 8,507 22,261 176 30,944 Total gross revenues $ 97,755 $ 43,818 $ 37,930 $ 179,503 $ 185,288 $ 82,423 $ 64,887 $ 332,598

Leases (Tables)

Leases (Tables)	6 Months Ended
	Jul. 02, 2022
Leases [Abstract]
Schedule of supplemental balance sheet information	Supplemental balance sheet information related to the Company's operating and finance leases is as follows: Leases Classification July 2, 2022 January 1, 2022 Assets Operating lease assets Right-of-use lease asset, net (1) $ 40,595 $ 44,260 Finance lease assets Property and equipment, net (1) 2,217 2,197 Total leased assets $ 42,812 $ 46,457 Liabilities Current Operating Accrued liabilities $ (13,214) $ (12,897) Finance Current portion of notes payable and other obligations (1,134) (1,225) Noncurrent Operating Other long-term liabilities (29,358) (33,169) Finance Notes payable and other obligations, less current portion (1,102) (990) Total lease liabilities $ (44,808) $ (48,281) (1) At July 2, 2022, operating right of-use lease assets and finance lease assets are recorded net of accumulated amortization of $33,445 and $4,247, respectively. At January 1, 2022, operating right-of-use lease assets and finance lease assets are recorded net of accumulated amortization of $29,257 and $3,643, respectively.
Schedule of lease term and discount rate	Supplemental balance sheet information related to the Company's operating and finance leases is as follows: Weighted - Average Remaining Lease Term (Years) July 2, 2022 January 1, 2022 Operating leases 4.2 4.5 Finance leases 1.5 1.6 Weighted - Average Discount Rate Operating leases 3.9% 4.0% Finance leases 7.0% 7.0%
Schedule of supplemental cash flow information	Supplemental cash flow information related to the Company's operating and finance lease liabilities is as follows: Three Months Ended Six Months Ended July 2, 2022 July 3, 2021 July 2, 2022 July 3, 2021 Operating cash flows from operating leases $ 3,439 $ 3,531 $ 6,881 $ 7,048 Financing cash flows from finance leases $ 303 $ 337 $ 623 $ 592 Right-of-use assets obtained in exchange for lease obligations: Operating leases $ 724 $ 1,073 $ 926 $ 2,382
Schedule of lease cost	The following tables summarize the components of lease cost recognized in the consolidated statements of net income and comprehensive income: Three Months Ended Six Months Ended Lease Cost Classification July 2, 2022 July 2, 2022 Operating lease cost Facilities and facilities related $ 3,869 $ 7,692 Variable operating lease cost Facilities and facilities related 827 1,740 Finance lease cost Amortization of financing lease assets Depreciation and amortization 302 626 Interest on lease liabilities Interest expense 30 65 Total lease cost $ 5,028 $ 10,123 Three Months Ended Six Months Ended Lease Cost Classification July 3, 2021 July 3, 2021 Operating lease cost Facilities and facilities related $ 3,973 $ 7,654 Variable operating lease cost Facilities and facilities related 333 931 Finance lease cost Amortization of financing lease assets Depreciation and amortization 337 592 Interest on lease liabilities Interest expense 45 78 Total lease cost $ 4,688 $ 9,255
Schedule of maturities of lease liabilities	As of July 2, 2022, maturities of the Company's lease liabilities under its long-term operating leases and finance leases for the next five fiscal years and thereafter are as follows: Fiscal Year Operating Leases Finance Leases Remainder of 2022 $ 7,516 $ 1,212 2023 13,116 660 2024 10,025 306 2025 7,078 257 2026 4,401 85 Thereafter 3,884 8 Total lease payments 46,020 2,528 Less: Interest (3,448) (292) Present value of lease liabilities $ 42,572 $ 2,236
Schedule of maturities of lease liabilities	As of July 2, 2022, maturities of the Company's lease liabilities under its long-term operating leases and finance leases for the next five fiscal years and thereafter are as follows: Fiscal Year Operating Leases Finance Leases Remainder of 2022 $ 7,516 $ 1,212 2023 13,116 660 2024 10,025 306 2025 7,078 257 2026 4,401 85 Thereafter 3,884 8 Total lease payments 46,020 2,528 Less: Interest (3,448) (292) Present value of lease liabilities $ 42,572 $ 2,236

Summary of Significant Accoun_3

Summary of Significant Accounting Policies - Revenue Recognition (Details) $ in Thousands	Jul. 02, 2022 USD ($)
Accounting Policies [Abstract]
Remaining revenue performance obligation amount	$ 740,864
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2022-07-02
Accounting Policies [Abstract]
Remaining revenue performance obligation amount	$ 607,928
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2022-07-02 | Period One
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligation expected timing of satisfaction (in months)	12 months
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2022-07-02 | Period Two
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligation expected timing of satisfaction (in months)	24 months

Summary of Significant Accoun_4

Summary of Significant Accounting Policies - Contract Balances (Details) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Jul. 02, 2022	Jul. 02, 2022
Accounting Policies [Abstract]
Revenue from contract liability	$ 6,068	$ 22,078

Earnings per Share - Narrative

Earnings per Share - Narrative (Details) - USD ($) $ / shares in Units, $ in Thousands				3 Months Ended		6 Months Ended
	Apr. 13, 2021	Mar. 15, 2021	Mar. 10, 2021	Jul. 02, 2022	Jul. 03, 2021	Jul. 02, 2022	Jul. 03, 2021
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities (in shares)				20,854	16,894	25,653	11,805
Price per share (in dollars per share)			$ 93
Public Offering
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Sale of stock, number of shares issued in transaction (in shares)			1,612,903
Underwriting term (in days)			30 days
Consideration received on transaction		$ 140,693
Over-allotment Option
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Sale of stock, number of shares issued in transaction (in shares)			241,935
Consideration received on transaction	$ 21,150
Restricted Stock
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities (in shares)						739,919	830,182

Earnings per Share - Schedule o

Earnings per Share - Schedule of Earnings Per Share, Basic and Diluted (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 02, 2022	Jul. 03, 2021	Jul. 02, 2022	Jul. 03, 2021
Numerator:
Net income – basic	$ 17,268	$ 13,638	$ 25,910	$ 19,118
Net income – diluted	$ 17,268	$ 13,638	$ 25,910	$ 19,118
Denominator:
Basic weighted average shares outstanding (in shares)	14,736,167	14,419,671	14,714,745	13,648,247
Effect of dilutive non-vested restricted shares and units (in shares)	481,815	515,913	481,379	520,824
Effect of issuable shares related to acquisitions (in shares)	14,175	29,604	15,711	26,964
Diluted weighted average shares outstanding (in shares)	15,232,157	14,965,188	15,211,835	14,196,035

Business Acquisitions - Narrati

Business Acquisitions - Narrative (Details) $ in Thousands	6 Months Ended	12 Months Ended
	Jul. 02, 2022 USD ($) acquisition	Jan. 01, 2022 USD ($) acquisition	Jan. 02, 2021 USD ($)
Business Acquisition [Line Items]
Earn-out of cash fair value	$ 12,792	$ 8,328	$ 2,400
Series of Individually Immaterial Business Acquisitions
Business Acquisition [Line Items]
Number of businesses acquired | acquisition	3	8
Total consideration	$ 14,156	$ 100,449
Payments to acquire businesses	4,644	69,501
Consideration of common stock	433	6,787
Potential earn-out in cash and stock	15,500	25,700
Earn-out of cash fair value	6,579	5,133
Series of Individually Immaterial Business Acquisitions | Uncollateralized Promissory Notes
Business Acquisition [Line Items]
Notes payable	$ 2,500	$ 19,028

Business Acquisitions - Summary

Business Acquisitions - Summary of the Fair Values of Assets Acquired and Liabilities Assumed (Details) - Series of Individually Immaterial Business Acquisitions - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jul. 02, 2022	Jan. 01, 2022
Acquired Finite-Lived Intangible Assets [Line Items]
Cash	$ 0	$ 1,480
Billed and unbilled receivables, net	1,848	17,728
Right-of-use assets	632	2,932
Property and equipment	1,531	3,741
Prepaid expenses	0	587
Other assets	0	13
Total Assets	10,567	73,220
Liabilities	(1,555)	(13,984)
Deferred tax liabilities	0	(4,521)
Net assets acquired	9,012	54,715
Consideration paid (Cash, Notes and/or stock)	7,577	95,316
Contingent earn-out liability (Cash and stock)	6,579	5,133
Total Consideration	14,156	100,449
Excess consideration over the amounts assigned to the net assets acquired (Goodwill)	5,144	45,734
Customer relationships
Acquired Finite-Lived Intangible Assets [Line Items]
Intangible assets:	5,713	36,338
Trade name
Acquired Finite-Lived Intangible Assets [Line Items]
Intangible assets:	290	2,098
Customer backlog
Acquired Finite-Lived Intangible Assets [Line Items]
Intangible assets:	175	3,847
Non-compete
Acquired Finite-Lived Intangible Assets [Line Items]
Intangible assets:	$ 378	$ 4,456

Business Acquisitions - Results

Business Acquisitions - Results of Operations From any Business Acquired (Details) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Jul. 03, 2021	Jul. 03, 2021
Business Combination and Asset Acquisition [Abstract]
Gross revenues	$ 8,529	$ 9,981
Income before income taxes	$ 2,795	$ 3,288

Business Acquisitions - Pro For

Business Acquisitions - Pro Forma Consolidated Results of Operations (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 02, 2022	Jul. 03, 2021	Jul. 02, 2022	Jul. 03, 2021
Business Combination and Asset Acquisition [Abstract]
Gross revenues	$ 204,806	$ 194,204	$ 396,893	$ 365,985
Net income	$ 17,302	$ 14,139	$ 26,003	$ 20,398
Basic earnings per share (in dollars per share)	$ 1.17	$ 0.98	$ 1.77	$ 1.49
Diluted earnings per share (in dollars per share)	$ 1.14	$ 0.94	$ 1.71	$ 1.43

Billed and Unbilled Receivabl_3

Billed and Unbilled Receivables (Details) - USD ($) $ in Thousands	Jul. 02, 2022	Jan. 01, 2022
Receivables [Abstract]
Billed receivables	$ 144,500	$ 159,942
Less: allowance for doubtful accounts	(4,541)	(6,128)
Billed receivables, net	139,959	153,814
Unbilled receivables	95,777	91,558
Less: allowance for doubtful accounts	(2,291)	(1,824)
Unbilled receivables, net	$ 93,486	$ 89,734

Property and Equipment, net (De

Property and Equipment, net (Details) - USD ($) $ in Thousands	Jul. 02, 2022	Jan. 01, 2022
Property, Plant and Equipment [Line Items]
Total	$ 77,481	$ 65,208
Less: accumulated depreciation	(37,924)	(32,479)
Property and equipment, net	39,557	32,729
Office furniture and equipment
Property, Plant and Equipment [Line Items]
Total	3,365	3,314
Computer equipment
Property, Plant and Equipment [Line Items]
Total	22,865	20,063
Survey and field equipment
Property, Plant and Equipment [Line Items]
Total	44,831	35,436
Leasehold improvements
Property, Plant and Equipment [Line Items]
Total	$ 6,420	$ 6,395

Property and Equipment, net - N

Property and Equipment, net - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 02, 2022	Jul. 03, 2021	Jul. 02, 2022	Jul. 03, 2021
Property, Plant and Equipment [Line Items]
Depreciation expense	$ 2,835	$ 2,865	$ 5,739	$ 5,439
Other Direct Costs
Property, Plant and Equipment [Line Items]
Depreciation expense	$ 1,223	$ 1,178	$ 2,456	$ 2,280

Goodwill and Intangible Asset_2

Goodwill and Intangible Assets - Schedule of Goodwill (Details) $ in Thousands	6 Months Ended
	Jul. 02, 2022 USD ($)
Goodwill [Roll Forward]
Beginning balance	$ 389,916
2022 Acquisitions	5,144
Adjustments	(300)
Ending balance	394,760
INF
Goodwill [Roll Forward]
Beginning balance	90,725
2022 Acquisitions	120
Adjustments	19
Ending balance	90,864
BTS
Goodwill [Roll Forward]
Beginning balance	111,005
2022 Acquisitions	61
Adjustments	(319)
Ending balance	110,747
GEO
Goodwill [Roll Forward]
Beginning balance	188,186
2022 Acquisitions	4,963
Adjustments	0
Ending balance	$ 193,149

Goodwill and Intangible Asset_3

Goodwill and Intangible Assets - Schedule of Finite-Lived Intangible Assets (Details) - USD ($) $ in Thousands	6 Months Ended
	Jul. 02, 2022	Jan. 01, 2022
Finite-lived intangible assets:
Gross Carrying Amount	$ 318,288	$ 311,814
Accumulated Amortization	(139,905)	(123,590)
Net Amount	178,383	188,224
Customer relationships
Finite-lived intangible assets:
Gross Carrying Amount	225,099	219,455
Accumulated Amortization	(75,958)	(65,017)
Net Amount	$ 149,141	154,438
Customer relationships | Minimum
Finite-lived intangible assets:
Useful life (in years)	5 years
Customer relationships | Maximum
Finite-lived intangible assets:
Useful life (in years)	12 years
Trade name
Finite-lived intangible assets:
Gross Carrying Amount	$ 16,905	16,615
Accumulated Amortization	(15,348)	(14,815)
Net Amount	$ 1,557	1,800
Trade name | Minimum
Finite-lived intangible assets:
Useful life (in years)	1 year
Trade name | Maximum
Finite-lived intangible assets:
Useful life (in years)	3 years
Customer backlog
Finite-lived intangible assets:
Gross Carrying Amount	$ 29,133	28,971
Accumulated Amortization	(26,357)	(25,162)
Net Amount	$ 2,776	3,809
Customer backlog | Minimum
Finite-lived intangible assets:
Useful life (in years)	1 year
Customer backlog | Maximum
Finite-lived intangible assets:
Useful life (in years)	10 years
Non-compete
Finite-lived intangible assets:
Gross Carrying Amount	$ 14,207	13,829
Accumulated Amortization	(10,304)	(9,024)
Net Amount	$ 3,903	4,805
Non-compete | Minimum
Finite-lived intangible assets:
Useful life (in years)	2 years
Non-compete | Maximum
Finite-lived intangible assets:
Useful life (in years)	5 years
Developed technology
Finite-lived intangible assets:
Gross Carrying Amount	$ 32,944	32,944
Accumulated Amortization	(11,938)	(9,572)
Net Amount	$ 21,006	$ 23,372
Developed technology | Minimum
Finite-lived intangible assets:
Useful life (in years)	5 years
Developed technology | Maximum
Finite-lived intangible assets:
Useful life (in years)	7 years

Goodwill and Intangible Asset_4

Goodwill and Intangible Assets - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 02, 2022	Jul. 03, 2021	Jul. 02, 2022	Jul. 03, 2021
Finite-Lived Intangible Assets [Line Items]
Goodwill	$ 5,144		$ 5,144
Amortization expense	$ 8,056	$ 8,529	$ 16,319	$ 16,497
Customer relationships
Finite-Lived Intangible Assets [Line Items]
Intangible assets, useful life (in years)			8 years 2 months 12 days
Trade name
Finite-Lived Intangible Assets [Line Items]
Intangible assets, useful life (in years)			2 years
Customer backlog
Finite-Lived Intangible Assets [Line Items]
Intangible assets, useful life (in years)			6 months
Non-compete
Finite-Lived Intangible Assets [Line Items]
Intangible assets, useful life (in years)			3 years 9 months 18 days

Accrued Liabilities (Details)

Accrued Liabilities (Details) - USD ($) $ in Thousands	Jul. 02, 2022	Jan. 01, 2022
Payables and Accruals [Abstract]
Current portion of lease liability	$ 13,214	$ 12,897
Accrued vacation	14,635	12,819
Payroll and related taxes	12,134	10,931
Benefits	4,226	6,767
Accrued operating expenses	4,988	4,329
Other	1,938	2,718
Total	$ 51,135	$ 50,461

Notes Payable and Other Oblig_3

Notes Payable and Other Obligations - Summary of Notes Payable and Other Obligations (Details) - USD ($) $ in Thousands	Jul. 02, 2022	Jan. 01, 2022
Debt Instrument [Line Items]
Finance leases	$ 2,236	$ 2,215
Debt issuance costs, net of amortization	(3,025)	(3,395)
Total notes payable and other obligations	92,771	131,796
Current portion of notes payable and other obligations	18,932	20,734
Notes payable and other obligations, less current portion	73,839	111,062
Senior credit facility
Debt Instrument [Line Items]
Long-term debt, gross	63,750	98,750
Uncollateralized promissory notes
Debt Instrument [Line Items]
Long-term debt, gross	27,996	31,493
Other obligations
Debt Instrument [Line Items]
Long-term debt, gross	$ 1,814	$ 2,733

Notes Payable and Other Oblig_4

Notes Payable and Other Obligations - Narrative (Details)		3 Months Ended		6 Months Ended
	Aug. 13, 2021 USD ($)	Jul. 02, 2022 USD ($)	Jul. 03, 2021 USD ($)	Jul. 02, 2022 USD ($)	Jul. 03, 2021 USD ($)	Jan. 01, 2022 USD ($)	Dec. 07, 2016 USD ($)
Debt Instrument [Line Items]
Debt covenant, liquidity availability		$ 30,000,000		$ 30,000,000
Amortization of debt issuance costs				370,000	$ 454,000
Other obligations		$ 29,810,000		$ 29,810,000		$ 34,226,000
Weighted average interest rate (as a percent)		2.40%		2.40%
Senior Credit Facility
Debt Instrument [Line Items]
Long-term debt, gross		$ 63,750,000		$ 63,750,000		98,750,000
Second A&R Credit Agreement
Debt Instrument [Line Items]
Minimum fixed charge coverage ratio		3.25		3.25
AR Credit Agreement
Debt Instrument [Line Items]
Debt issuance costs		$ 3,702,000		$ 3,702,000
Amortization of debt issuance costs		185,000	$ 227,000	370,000	$ 454,000
Line of Credit | Senior Credit Facility
Debt Instrument [Line Items]
Maximum borrowing capacity							$ 150,000,000
Revolving Credit Facility | Senior Credit Facility
Debt Instrument [Line Items]
Maximum borrowing capacity							$ 215,000,000
Long-term debt, gross		$ 63,750,000		$ 63,750,000		$ 98,750,000
Revolving Credit Facility | Second A&R Credit Agreement
Debt Instrument [Line Items]
Maximum borrowing capacity	$ 400,000,000
Aggregate credit agreement	138,750,000
Available increase in borrowing capacity	$ 200,000,000
Interest rate during period (as a percent)				2.30%
Covenant, net leverage ratio		4		4
Minimum fixed charge coverage ratio		1.10		1.10

Contingent Consideration (Detai

Contingent Consideration (Details) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jul. 02, 2022	Jan. 01, 2022
Commitments and Contingencies Disclosure [Roll Forward]
Contingent consideration, beginning of the year	$ 8,328	$ 2,400
Additions for acquisitions	6,579	5,133
Reduction of liability for payments made	(1,597)	(1,538)
Increase of liability related to re-measurement of fair value	(518)	2,333
Total contingent consideration, end of the period	12,792	8,328
Current portion of contingent consideration	9,772	5,807
Contingent consideration, less current portion	$ 3,020	$ 2,521

Stock-Based Compensation - Narr

Stock-Based Compensation - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 02, 2022	Jul. 03, 2021	Jul. 02, 2022	Jul. 03, 2021
Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Deferred compensation	$ 4,826	$ 4,094	$ 9,615	$ 7,790
Weighted average vesting period (in years)	36,732		$ 36,732
Cost not yet recognized, term (in years)			1 year 6 months
Fair value of restricted shares vested			$ 7,296	$ 12,426
Liability Based Awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Deferred compensation	383		654
Total estimated fair value	$ 5,669		$ 5,669
Equity Plan 2011
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares authorized (in shares)	1,981,440		1,981,440
Rate of increase decrease in shares authorized for issuance (as a percent)			3.50%
Equity Plan 2011 | Minimum | Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period (n years)			2 years
Equity Plan 2011 | Maximum | Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period (n years)			4 years

Stock-Based Compensation - Rest

Stock-Based Compensation - Restricted Stock Awards (Details) - Restricted Stock	6 Months Ended
	Jul. 02, 2022 $ / shares shares
Number of Unvested Restricted Shares of Common Stock and Restricted Stock Units
Beginning (in shares) | shares	744,490
Granted (in shares) | shares	168,591
Vested (in shares) | shares	(61,634)
Forfeited (in shares) | shares	(57,981)
Ending (in shares) | shares	793,466
Weighted Average Grant Date Fair Value
Beginning (in dollars per share) | $ / shares	$ 66.34
Granted (in dollars per share) | $ / shares	114.73
Vested (in dollars per share) | $ / shares	57.80
Forfeited (in dollars per share) | $ / shares	66.91
Ending (in dollars per share) | $ / shares	$ 77.01

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 02, 2022	Jul. 03, 2021	Jul. 02, 2022	Jul. 03, 2021	Jan. 01, 2022
Income Tax Disclosure [Abstract]
Deferred income tax liabilities, net	$ 22,366		$ 22,366		$ 25,385
Effective income tax rate (as a percent)	(20.50%)	(19.70%)	(22.30%)	(21.10%)

Reportable Segments - Narrative

Reportable Segments - Narrative (Details)	6 Months Ended
	Jul. 02, 2022 segment
Segment Reporting [Abstract]
Number of reportable segments	3
Number of operating segments	3

Reportable Segments - Summarize

Reportable Segments - Summarized Financial Information (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 02, 2022	Jul. 03, 2021	Jul. 02, 2022	Jul. 03, 2021
Segment Reporting, Revenue Reconciling Item [Line Items]
Gross revenues	$ 202,732	$ 179,503	$ 392,885	$ 332,598
Segment income before taxes	21,713	16,984	33,352	24,220
Amortization expense	8,056	8,529	16,319	16,497
INF
Segment Reporting, Revenue Reconciling Item [Line Items]
Gross revenues	102,639	97,755	202,600	185,288
BTS
Segment Reporting, Revenue Reconciling Item [Line Items]
Gross revenues	61,331	43,818	121,785	82,423
GEO
Segment Reporting, Revenue Reconciling Item [Line Items]
Gross revenues	38,762	37,930	68,500	64,887
Operating Segments
Segment Reporting, Revenue Reconciling Item [Line Items]
Segment income before taxes	42,862	36,771	77,030	63,753
Operating Segments | INF
Segment Reporting, Revenue Reconciling Item [Line Items]
Gross revenues	102,639	97,755	202,600	185,288
Segment income before taxes	19,206	19,149	35,457	35,961
Operating Segments | BTS
Segment Reporting, Revenue Reconciling Item [Line Items]
Gross revenues	61,331	43,818	121,785	82,423
Segment income before taxes	12,622	7,501	25,435	13,766
Operating Segments | GEO
Segment Reporting, Revenue Reconciling Item [Line Items]
Gross revenues	38,762	37,930	68,500	64,887
Segment income before taxes	11,034	10,121	16,138	14,026
Corporate
Segment Reporting, Revenue Reconciling Item [Line Items]
Segment income before taxes	$ (21,149)	$ (19,787)	$ (43,678)	$ (39,533)

Reportable Segments - Revenue F

Reportable Segments - Revenue From Contracts With Customers by Geographic Location (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 02, 2022	Jul. 03, 2021	Jul. 02, 2022	Jul. 03, 2021
Revenues from External Customers and Long-Lived Assets [Line Items]
Gross revenues	$ 202,732	$ 179,503	$ 392,885	$ 332,598
INF
Revenues from External Customers and Long-Lived Assets [Line Items]
Gross revenues	102,639	97,755	202,600	185,288
BTS
Revenues from External Customers and Long-Lived Assets [Line Items]
Gross revenues	61,331	43,818	121,785	82,423
GEO
Revenues from External Customers and Long-Lived Assets [Line Items]
Gross revenues	38,762	37,930	68,500	64,887
United States
Revenues from External Customers and Long-Lived Assets [Line Items]
Gross revenues	195,487	174,963	377,583	324,168
United States | INF
Revenues from External Customers and Long-Lived Assets [Line Items]
Gross revenues	102,639	97,755	202,600	185,288
United States | BTS
Revenues from External Customers and Long-Lived Assets [Line Items]
Gross revenues	54,603	39,718	107,521	75,016
United States | GEO
Revenues from External Customers and Long-Lived Assets [Line Items]
Gross revenues	38,245	37,490	67,462	63,864
Foreign
Revenues from External Customers and Long-Lived Assets [Line Items]
Gross revenues	7,245	4,540	15,302	8,430
Foreign | INF
Revenues from External Customers and Long-Lived Assets [Line Items]
Gross revenues	0	0	0	0
Foreign | BTS
Revenues from External Customers and Long-Lived Assets [Line Items]
Gross revenues	6,728	4,100	14,264	7,407
Foreign | GEO
Revenues from External Customers and Long-Lived Assets [Line Items]
Gross revenues	$ 517	$ 440	$ 1,038	$ 1,023

Reportable Segments - Revenue b

Reportable Segments - Revenue by Customer Type (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 02, 2022	Jul. 03, 2021	Jul. 02, 2022	Jul. 03, 2021
Segment Reporting, Revenue Reconciling Item [Line Items]
Gross revenues	$ 202,732	$ 179,503	$ 392,885	$ 332,598
INF
Segment Reporting, Revenue Reconciling Item [Line Items]
Gross revenues	102,639	97,755	202,600	185,288
BTS
Segment Reporting, Revenue Reconciling Item [Line Items]
Gross revenues	61,331	43,818	121,785	82,423
GEO
Segment Reporting, Revenue Reconciling Item [Line Items]
Gross revenues	38,762	37,930	68,500	64,887
Public and quasi-public sector
Segment Reporting, Revenue Reconciling Item [Line Items]
Gross revenues	127,333	118,186	244,788	225,165
Public and quasi-public sector | INF
Segment Reporting, Revenue Reconciling Item [Line Items]
Gross revenues	80,054	76,777	159,258	145,460
Public and quasi-public sector | BTS
Segment Reporting, Revenue Reconciling Item [Line Items]
Gross revenues	15,635	16,562	30,896	36,885
Public and quasi-public sector | GEO
Segment Reporting, Revenue Reconciling Item [Line Items]
Gross revenues	31,644	24,847	54,634	42,820
Private sector
Segment Reporting, Revenue Reconciling Item [Line Items]
Gross revenues	75,399	61,317	148,097	107,433
Private sector | INF
Segment Reporting, Revenue Reconciling Item [Line Items]
Gross revenues	22,585	20,978	43,342	39,828
Private sector | BTS
Segment Reporting, Revenue Reconciling Item [Line Items]
Gross revenues	45,696	27,256	90,889	45,538
Private sector | GEO
Segment Reporting, Revenue Reconciling Item [Line Items]
Gross revenues	$ 7,118	$ 13,083	$ 13,866	$ 22,067

Reportable Segments - Revenue_2

Reportable Segments - Revenue by Contract Type (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 02, 2022	Jul. 03, 2021	Jul. 02, 2022	Jul. 03, 2021
Segment Reporting, Revenue Reconciling Item [Line Items]
Gross revenues	$ 202,732	$ 179,503	$ 392,885	$ 332,598
INF
Segment Reporting, Revenue Reconciling Item [Line Items]
Gross revenues	102,639	97,755	202,600	185,288
BTS
Segment Reporting, Revenue Reconciling Item [Line Items]
Gross revenues	61,331	43,818	121,785	82,423
GEO
Segment Reporting, Revenue Reconciling Item [Line Items]
Gross revenues	38,762	37,930	68,500	64,887
Cost-reimbursable contracts
Segment Reporting, Revenue Reconciling Item [Line Items]
Gross revenues	176,248	162,671	341,101	301,654
Cost-reimbursable contracts | INF
Segment Reporting, Revenue Reconciling Item [Line Items]
Gross revenues	98,604	93,396	194,326	176,781
Cost-reimbursable contracts | BTS
Segment Reporting, Revenue Reconciling Item [Line Items]
Gross revenues	39,006	31,453	78,492	60,162
Cost-reimbursable contracts | GEO
Segment Reporting, Revenue Reconciling Item [Line Items]
Gross revenues	38,638	37,822	68,283	64,711
Fixed-unit price contracts
Segment Reporting, Revenue Reconciling Item [Line Items]
Gross revenues	26,484	16,832	51,784	30,944
Fixed-unit price contracts | INF
Segment Reporting, Revenue Reconciling Item [Line Items]
Gross revenues	4,035	4,359	8,274	8,507
Fixed-unit price contracts | BTS
Segment Reporting, Revenue Reconciling Item [Line Items]
Gross revenues	22,325	12,365	43,293	22,261
Fixed-unit price contracts | GEO
Segment Reporting, Revenue Reconciling Item [Line Items]
Gross revenues	$ 124	$ 108	$ 217	$ 176

Leases - Narrative (Details)

Leases - Narrative (Details)	6 Months Ended
	Jul. 02, 2022 renewal_option lease
Leases [Abstract]
Number of equipment operating leases | lease	6
Office leases initial term (in months)	12 months
Number of options to renew | renewal_option	1

Leases - Schedule of Supplement

Leases - Schedule of Supplemental Balance Sheet Information (Details) - USD ($) $ in Thousands	Jul. 02, 2022	Jan. 01, 2022
Assets
Operating lease assets	$ 40,595	$ 44,260
Finance lease assets	2,217	2,197
Total leased assets	42,812	46,457
Current
Operating	(13,214)	(12,897)
Finance	(1,134)	(1,225)
Noncurrent
Operating	(29,358)	(33,169)
Finance	(1,102)	(990)
Total lease liabilities	$ (44,808)	$ (48,281)
Finance Lease, Right-of-Use Asset, Statement of Financial Position [Extensible List]	Property and equipment, net	Property and equipment, net
Operating Lease, Liability, Current, Statement of Financial Position [Extensible List]	Accrued liabilities	Accrued liabilities
Finance Lease, Liability, Current, Statement of Financial Position [Extensible List]	Current portion of notes payable and other obligations	Current portion of notes payable and other obligations
Operating Lease, Liability, Noncurrent, Statement of Financial Position [Extensible List]	Other long-term liabilities	Other long-term liabilities
Finance Lease, Liability, Noncurrent, Statement of Financial Position [Extensible List]	Notes payable and other obligations, less current portion	Notes payable and other obligations, less current portion
Operating right of-use lease assets, accumulated amortization	$ 33,445	$ 29,257
Financing right of-use lease assets, accumulated amortization	$ 4,247	$ 3,643

Leases - Schedule of Lease Term

Leases - Schedule of Lease Term and Discount Rate (Details)	Jul. 02, 2022	Jan. 01, 2022
Weighted - Average Remaining Lease Term (Years)
Operating leases	4 years 2 months 12 days	4 years 6 months
Finance leases	1 year 6 months	1 year 7 months 6 days
Weighted - Average Discount Rate
Operating leases	3.90%	4%
Finance leases	7%	7%

Leases - Schedule of Suppleme_2

Leases - Schedule of Supplemental Cash Flow Information (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 02, 2022	Jul. 03, 2021	Jul. 02, 2022	Jul. 03, 2021
Supplemental Cash Flow Information
Operating cash flows from operating leases	$ 3,439	$ 3,531	$ 6,881	$ 7,048
Financing cash flows from finance leases	303	337	623	592
Right-of-use assets obtained in exchange for lease obligations:
Operating leases	$ 724	$ 1,073	$ 926	$ 2,382

Leases - Schedule of Lease Cost

Leases - Schedule of Lease Cost (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 02, 2022	Jul. 03, 2021	Jul. 02, 2022	Jul. 03, 2021
Leases [Abstract]
Operating lease cost	$ 3,869	$ 3,973	$ 7,692	$ 7,654
Variable operating lease cost	827	333	1,740	931
Amortization of financing lease assets	302	337	626	592
Interest on lease liabilities	30	45	65	78
Total lease cost	$ 5,028	$ 4,688	$ 10,123	$ 9,255

Leases - Schedule of Maturities

Leases - Schedule of Maturities of Lease Liabilities (Details) - USD ($) $ in Thousands	Jul. 02, 2022	Jan. 01, 2022
Operating Leases
Remainder of 2022	$ 7,516
2023	13,116
2024	10,025
2025	7,078
2026	4,401
Thereafter	3,884
Total lease payments	46,020
Less: Interest	(3,448)
Present value of lease liabilities	42,572
Finance Leases
Remainder of 2022	1,212
2023	660
2024	306
2025	257
2026	85
Thereafter	8
Total lease payments	2,528
Less: Interest	(292)
Present value of lease liabilities	$ 2,236	$ 2,215

Employee Benefit Plan (Details)

Employee Benefit Plan (Details) - NV5 Incentive Plan	6 Months Ended
	Jul. 02, 2022
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Percent of match from employer	50%
Maximum percent of eligible contributions for match	6%
Percent of match towards cash to the retirement plan	25%
Percent of match towards restricted stock awards	75%
Liability Based Awards
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Award vesting period (n years)	3 years