Reportable Segments | Reportable Segments The Company reports segment information in accordance with ASC Topic No. 280 “ Segment Reporting” (“Topic No. 280”). The Company is organized into three operating and reportable segments: Infrastructure ("INF"), which includes the Company's engineering, civil program management, utility services, and construction quality assurance practices; Building, Technology & Sciences ("BTS"), which includes the Company's environmental health sciences, clean energy consulting, buildings and program management, and MEP & technology design practices; and Geospatial Solutions ("GEO"), which includes the Company's geospatial solution practices. The Company's chief operating decision maker ("CODM") group is comprised of the Company's Executive Chairman and Co-Chief Executive Officers. The Company identified changes to the CODM group effective March 1, 2024 when Dickerson Wright transitioned from his role as Chief Executive Officer to Executive Chairman of the Company, and Alexander Hockman and Benjamin Heraud were appointed Co-Chief Executive Officers. There was no change in the Company's operating or reportable segments as a result of the change in CODM. 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 June 29, 2024 July 1, 2023 June 29, 2024 July 1, 2023 Gross revenues INF $ 100,845 $ 96,728 $ 191,096 $ 184,938 BTS 63,607 54,032 123,582 106,878 GEO 71,874 71,878 134,943 115,139 Total gross revenues $ 236,326 $ 222,638 $ 449,621 $ 406,955 Segment income before taxes INF $ 17,080 $ 16,745 $ 32,121 $ 33,726 BTS 10,382 8,113 20,482 16,531 GEO 16,790 14,814 27,503 21,835 Total Segment income before taxes 44,252 39,672 80,106 72,092 Corporate (1) (36,978) (22,882) (72,313) (47,898) Total income before taxes $ 7,274 $ 16,790 $ 7,793 $ 24,194 (1) Includes amortization of intangibles of $13,567 and $25,687 for the three and six months ended June 29, 2024, respectively, and $11,300 and $20,334 during the three and six months ended July 1, 2023, 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 June 29, 2024 Six Months Ended June 29, 2024 INF BTS GEO Total INF BTS GEO Total United States $ 100,845 $ 48,606 $ 67,976 $ 217,427 $ 191,096 $ 95,979 $ 127,243 $ 414,318 Foreign — 15,001 3,898 18,899 — 27,603 7,700 35,303 Total gross revenues $ 100,845 $ 63,607 $ 71,874 $ 236,326 $ 191,096 $ 123,582 $ 134,943 $ 449,621 Three Months Ended July 1, 2023 Six Months Ended July 1, 2023 INF BTS GEO Total INF BTS GEO Total United States $ 96,728 $ 46,560 $ 68,218 $ 211,506 $ 184,938 $ 90,946 $ 110,442 $ 386,326 Foreign — 7,472 3,660 11,132 — 15,932 4,697 20,629 Total gross revenues $ 96,728 $ 54,032 $ 71,878 $ 222,638 $ 184,938 $ 106,878 $ 115,139 $ 406,955 Gross revenue by customer were as follows: Three Months Ended June 29, 2024 Six Months Ended June 29, 2024 INF BTS GEO Total INF BTS GEO Total Public and quasi-public sector $ 75,628 $ 14,806 $ 59,798 $ 150,232 $ 142,519 $ 29,865 $ 110,616 $ 283,000 Private sector 25,217 48,801 12,076 86,094 48,577 93,717 24,327 166,621 Total gross revenues $ 100,845 $ 63,607 $ 71,874 $ 236,326 $ 191,096 $ 123,582 $ 134,943 $ 449,621 Three Months Ended July 1, 2023 Six Months Ended July 1, 2023 INF BTS GEO Total INF BTS GEO Total Public and quasi-public sector $ 77,332 $ 15,998 $ 61,641 $ 154,971 $ 147,062 $ 33,945 $ 97,409 $ 278,416 Private sector 19,396 38,034 10,237 67,667 37,876 72,933 17,730 128,539 Total gross revenues $ 96,728 $ 54,032 $ 71,878 $ 222,638 $ 184,938 $ 106,878 $ 115,139 $ 406,955 Gross revenues by contract type were as follows: Three Months Ended June 29, 2024 Six Months Ended June 29, 2024 INF BTS GEO Total INF BTS GEO Total Cost-reimbursable contracts $ 96,738 $ 46,778 $ 68,599 $ 212,115 $ 183,167 $ 92,511 $ 130,100 $ 405,778 Fixed-unit price contracts 4,107 16,829 3,275 24,211 7,929 31,071 4,843 43,843 Total gross revenues $ 100,845 $ 63,607 $ 71,874 $ 236,326 $ 191,096 $ 123,582 $ 134,943 $ 449,621 Three Months Ended July 1, 2023 Six Months Ended July 1, 2023 INF BTS GEO Total INF BTS GEO Total Cost-reimbursable contracts $ 93,185 $ 38,670 $ 70,274 $ 202,129 $ 177,042 $ 79,294 $ 113,501 $ 369,837 Fixed-unit price contracts 3,543 15,362 1,604 20,509 7,896 27,584 1,638 37,118 Total gross revenues $ 96,728 $ 54,032 $ 71,878 $ 222,638 $ 184,938 $ 106,878 $ 115,139 $ 406,955 |