Computer Task (CTG) 10-Q 9 May 23 2023 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information Document - shares	3 Months Ended
	Mar. 31, 2023	May 04, 2023
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Mar. 31, 2023
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	Q1
Trading Symbol	CTG
Entity Registrant Name	COMPUTER TASK GROUP, INCORPORATED
Entity Central Index Key	0000023111
Current Fiscal Year End Date	--12-31
Entity Filer Category	Accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity File Number	1-9410
Entity Tax Identification Number	16-0912632
Entity Address, Address Line One	300 Corporate Parkway
Entity Address, Address Line Two	Suite 214N
Entity Address, City or Town	Amherst
Entity Address, State or Province	NY
Entity Incorporation, State or Country Code	NY
Entity Address, Postal Zip Code	14226
City Area Code	716
Local Phone Number	882-8000
Title of 12(b) Security	Common Stock, par value $0.01 per share
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		15,896,768
Entity Interactive Data Current	Yes
Document Quarterly Report	true
Document Transition Report	false

Condensed Consolidated Statemen

Condensed Consolidated Statements of Income (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2023	Apr. 01, 2022
Income Statement [Abstract]
Revenue	$ 78,202	$ 89,417
Cost of services	58,067	68,822
Gross profit	20,135	20,595
Selling, general and administrative expenses	19,428	17,396
Operating income	707	3,199
Interest and other income	128	91
Interest and other expense	358	348
Income before income taxes	477	2,942
Provision for income taxes	162	702
Net income	$ 315	$ 2,240
Net income per share:
Basic	$ 0.02	$ 0.16
Diluted	$ 0.02	$ 0.15
Weighted average shares outstanding:
Basic	14,704	14,199
Diluted	15,347	14,977

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Apr. 01, 2022
Statement of Comprehensive Income [Abstract]
Net income	$ 315	$ 2,240
Foreign currency translation adjustment	944	(1,329)
Change in pension, net of taxes of $16 and $33 in the 2023 and 2022 first quarters, respectively	44	331
Other comprehensive income (loss)	988	(998)
Comprehensive income	$ 1,303	$ 1,242

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Comprehensive Income (Unaudited) (Parenthetical) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Apr. 01, 2022
Statement of Comprehensive Income [Abstract]
Taxes attributable to change in pension loss	$ 16	$ 33

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Current Assets:
Cash and cash equivalents	$ 23,300	$ 25,140
Accounts receivable, net of allowances of $390 and $397 in 2023 and 2022, respectively	71,885	70,979
Prepaid and other current assets	5,016	3,769
Total current assets	100,201	99,888
Property, equipment and capitalized software, net	5,436	5,061
Operating lease right-of-use assets	18,654	18,506
Deferred income taxes	3,193	2,886
Acquired intangibles, net	12,629	12,943
Goodwill	36,229	35,998
Cash surrender value of life insurance, net	3,971	4,120
Other assets	2,173	2,101
Investments	136	116
Total assets	182,622	181,619
Current Liabilities:
Accounts payable	15,110	14,254
Accrued compensation	16,937	19,016
Advance billings on contracts	3,613	5,480
Short-term operating lease liabilities	5,981	5,905
Other current liabilities	9,094	7,066
Income taxes payable	513	212
Total current liabilities	51,248	51,933
Long-term debt	1,369
Deferred compensation benefits	6,738	6,424
Long-term operating lease liabilities	12,503	12,466
Deferred income taxes	1,380	1,482
Other long-term liabilities	2,080	3,335
Total liabilities	75,318	75,640
Shareholders’ Equity:
Common stock, par value $0.01 per share, 150,000,000 shares authorized; 27,017,824 shares issued in 2023 and 2022	270	270
Capital in excess of par value	108,240	109,868
Retained earnings	114,966	114,651
Less: Treasury stock of 11,112,418 and 11,274,171 shares at cost, in 2023 and 2022, respectively	(101,854)	(103,504)
Accumulated other comprehensive loss	(14,318)	(15,306)
Total shareholders’ equity	107,304	105,979
Total liabilities and shareholders’ equity	$ 182,622	$ 181,619

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Unaudited) (Parenthetical) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Statement of Financial Position [Abstract]
Accounts receivable, allowances	$ 390	$ 397
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	150,000,000	150,000,000
Common stock, shares issued	27,017,824	27,017,824
Treasury stock, shares	11,112,418	11,274,171

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Apr. 01, 2022
Cash flow from operating activities:
Net income	$ 315	$ 2,240
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization expense	837	716
Equity-based compensation expense	345	573
Deferred income taxes	(460)	135
Deferred compensation benefits	411	103
Loss on the sale of property and equipment	4
Changes in assets and liabilities that provide (use) cash, excluding the effects of acquisitions:
Accounts receivable	(183)	8,530
Prepaid and other current assets	(1,271)	(340)
Other long-term assets	(69)	(122)
Cash surrender value of life insurance	159	262
Accounts payable	647	(8,467)
Accrued compensation	(2,348)	(1,646)
Income taxes payable / receivable	293	271
Advance billings on contracts	(1,926)	998
Other current liabilities	1,933	1,153
Other long-term liabilities	(1,255)	2
Net cash provided by (used in) operating activities	(2,568)	4,408
Cash flow from investing activities:
Cash paid for acquisitions, net of cash acquired	82
Additions to property and equipment	(529)	(61)
Additions to capitalized software	(241)
Proceeds from sale of property & equipment	1
Premiums paid for life insurance	(10)
Net cash used in investing activities	(697)	(61)
Cash flow from financing activities:
Proceeds from long-term debt	5,429
Payments on long-term debt	(4,060)
Proceeds from stock option plan exercises	68	90
Taxes remitted for shares withheld from equity-based compensation transactions	(447)	(971)
Proceeds from Employee Stock Purchase Plan	56	37
Change in cash overdraft, net	77
Net cash provided by (used in) financing activities	1,123	(844)
Effect of exchange rates on cash and cash equivalents	302	(363)
Net increase (decrease) in cash and cash equivalents	(1,840)	3,140
Cash and cash equivalents at beginning of year	25,140	35,584
Cash and cash equivalents at end of quarter	$ 23,300	$ 38,724

Condensed Consolidated Statem_5

Condensed Consolidated Statements of Shareholders' Equity (Unaudited) - USD ($) $ in Thousands	Total	Common Stock	Capital in Excess of Par Value	Retained Earnings	Treasury Stock	Accumulated Other Comprehensive Income (loss)
Balance at Dec. 31, 2021	$ 94,437	$ 270	$ 110,330	$ 108,042	$ (107,265)	$ (16,940)
Balance, shares at Dec. 31, 2021		27,018,000			11,668,000
Employee Stock Purchase Plan share issuance	37		(2)		$ 39
Employee Stock Purchase Plan share issuance, shares					(4,000)
Stock Option Plan share issuance, net	90		(94)		$ 184
Stock Option Plan share issuance, net, shares					(20,000)
Restricted Stock Plan share issuance/forfeiture	(971)		(1,385)		$ 414
Restricted Stock Plan share issuance/forfeiture, shares					(45,000)
Equity-based compensation	573		573
Net income	2,240			2,240
Foreign currency adjustment	(1,329)					(1,329)
Pension loss adjustment, net of tax	331					331
Balance at Apr. 01, 2022	95,408	$ 270	109,422	110,282	$ (106,628)	(17,938)
Balance, shares at Apr. 01, 2022		27,018,000			11,599,000
Balance at Dec. 31, 2022	$ 105,979	$ 270	109,868	114,651	$ (103,504)	(15,306)
Balance, shares at Dec. 31, 2022	27,017,824	27,018,000			11,274,000
Employee Stock Purchase Plan share issuance	$ 56		(13)		$ 69
Employee Stock Purchase Plan share issuance, shares					(7,000)
Stock Option Plan share issuance, net	68		(117)		$ 185
Stock Option Plan share issuance, net, shares					(18,000)
Restricted Stock Plan share issuance/forfeiture	(447)		(1,843)		$ 1,396
Restricted Stock Plan share issuance/forfeiture, shares					(137,000)
Equity-based compensation	345		345
Net income	315			315
Foreign currency adjustment	944					944
Pension loss adjustment, net of tax	44					44
Balance at Mar. 31, 2023	$ 107,304	$ 270	$ 108,240	$ 114,966	$ (101,854)	$ (14,318)
Balance, shares at Mar. 31, 2023	27,017,824	27,018,000			11,112,000

Financial Statements

Financial Statements	3 Months Ended
	Mar. 31, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Financial Statements	1. Financial Statements The condensed consolidated financial statements included herein reflect, in the opinion of the management of Computer Task Group, Incorporated (“CTG” or “the Company”), all normal recurring adjustments necessary to present fairly the condensed consolidated financial position, results of operations, comprehensive income, cash flows, and shareholders’ equity for the periods presented. Certain prior period amounts were reclassified to conform to the current year’s presentation. These condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and notes thereto included in the Company's latest Annual Report on Form 10‑K filed with the SEC. The Company's fiscal year-end is December 31. During the year, the quarters generally consist of a 13-week fiscal period where the last day of each of the first three quarters is a Friday. The 2023 first quarter began on January 1, 2023 and ended on March 31, 2023. The 2022 first quarter began on January 1, 2022 and ended on April 1, 2022 . There were 64 and 65 billable days in the 2023 and 2022 first quarters, respectively.

Summary of Significant Accounti

Summary of Significant Accounting Policies	3 Months Ended
	Mar. 31, 2023
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	2. Summary of Significant Accounting Policies Basis of Presentation and Consolidation These condensed consolidated financial statements have been prepared by the Company pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”). Certain information and footnote disclosures normally included in financial statements prepared in accordance with U.S. generally accepted accounting principles have been condensed or omitted pursuant to the SEC rules and regulations. There are no unconsolidated entities, or off-balance sheet arrangements other than certain guarantees supporting office leases and the performance under government contracts in the Company's European operations. All intercompany accounts have been eliminated. The preparation of financial statements and related disclosures in conformity with U.S. generally accepted accounting principles requires the Company's management to make estimates, judgments and assumptions that affect the amounts reported in the condensed consolidated financial statements and accompanying notes, which could be impacted by existing market conditions and factors, including among others lingering effects of the COVID-19 pandemic, current macroeconomic conditions such as inflation, and the unpredictability and severity of a civil unrest or outbreak of war or hostilities. Such estimates primarily relate to the recognition of revenue, leased assets and liabilities, the purchase accounting for acquisitions and the valuation of goodwill, the valuation allowance for deferred tax assets, actuarial assumptions including discount rates and expected return on assets, as applicable, for the Company’s defined benefit plans, the valuation of stock options and restricted stock for recording equity-based compensation expense, the allowance for credit losses, investment valuation, legal matters, other contingencies, and estimates of progress toward completion and direct profit or loss on contracts, as applicable. Management believes that the information and disclosures provided herein are adequate to present fairly the condensed consolidated financial position, results of operations, comprehensive income, cash flows, and shareholders’ equity of the Company. There were no subsequent events as of the date of this filing from the end of the fiscal first quarter on March 31, 2023 that require recognition or disclosure in these unaudited interim condensed consolidated financial statements. The Company operates in three segments within its business, North America IT Solutions and Services, Europe IT Solutions and Services, and Non-Strategic Technology Services. The Company provides information and technology-related services to its clients. CTG provides these services to all of the markets that it serves. The services provided typically encompass the IT business solution life cycle, including phases for planning, developing, implementing, managing, and ultimately maintaining the IT solution. These services ensure that the Company's clients utilize the right information technology to meet their business needs, maximize their IT systems’ value, and operate efficiently and effectively. A typical client is an organization with large, complex technology, information, and data processing requirements. The segment revenue for the quarters ended March 31, 2023 and April 1, 2022 was as follows: For the Quarter Ended: Year-over-Year (amounts in thousands) March 31, 2023 April 1, 2022 Change North America IT Solutions and Services 29.6 % $ 23,196 22.9 % $ 20,435 13.5 % Europe IT Solutions and Services 51.3 % 40,093 47.5 % 42,478 ( 5.6 )% Non-Strategic Technology Services 19.1 % 14,913 29.6 % 26,504 ( 43.7 )% Total 100.0 % $ 78,202 100.0 % $ 89,417 ( 12.5 )% The Company focuses a significant portion of its services through five vertical market focus areas: healthcare (which includes services provided to healthcare providers, health insurers (payers), and life sciences companies), financial services, manufacturing, technology service providers, and energy. The Company focuses on these five vertical areas as it believes that these areas are either higher growth markets than the general IT services market and the general economy, or are areas that provide greater potential for the Company’s growth due to the size of the vertical market. The remainder of CTG’s revenue is derived from general markets. The Company’s revenue by vertical market as a percentage of total revenue for the quarters ended March 31, 2023 and April 1, 2022 was as follows: For the Quarter Ended March 31, 2023 April 1, 2022 Healthcare 18.7 % 17.4 % Financial services 17.4 % 16.5 % Manufacturing 16.4 % 13.9 % Technology service providers 16.1 % 23.8 % Energy 6.3 % 5.3 % General markets 25.1 % 23.1 % Total 100.0 % 100.0 % Revenue Recognition The Company recognizes revenue when control of the promised good or service is transferred to clients, in an amount that reflects the consideration the Company expects to be entitled to in exchange for those goods or services. For time-and-material contracts, revenue is recognized as hours are incurred and costs are expended. For contracts with progress billing schedules (i.e. progress billing), primarily monthly, revenue is recognized as services are rendered to the client. Revenue for fixed-price contracts is recognized over time using an input-based approach. Revenue recognition over time best portrays the Company’s performance in transferring control of the goods or services to the client. On most fixed price contracts, revenue recognition is supported through contractual clauses that require the client to pay for work performed to date, including cost plus a reasonable profit margin, for goods or services that have no alternative use to the Company. On certain contracts, revenue recognition is supported through contractual clauses that indicate the client controls the asset, or work in process, as the Company creates or enhances the asset. On a given project, actual salary and indirect labor costs incurred are measured and compared with the total estimate of costs of such items at the completion of the project. Revenue is recognized based upon the percentage-of-completion calculation of total incurred costs to total estimated costs. The Company infrequently works on fixed-price projects that include significant amounts of material or other non-labor related costs that could distort the percent complete within a percentage-of-completion calculation. The Company’s estimate of the total labor costs it expects to incur over the term of the contract is based on the nature of the project and the Company's experience on similar projects, and includes management judgments and estimates that affect the amount of revenue recognized on fixed-price contracts in any accounting period. Losses on fixed-price projects are recorded when identified. The Company’s revenue from contracts accounted for under time-and-material, progress billing and percentage-of-completion methods as a percentage of consolidated revenue for the quarters ended March 31, 2023 and April 1, 2022 was as follows: For the Quarter Ended March 31, 2023 April 1, 2022 Time-and-material 78.6 % 77.2 % Progress billing 15.3 % 18.9 % Percentage-of-completion 6.1 % 3.9 % Total 100.0 % 100.0 % The Company recorded revenue in the quarters ended March 31, 2023 and April 1, 2022 as follows: For the Quarter Ended: March 31, 2023 April 1, 2022 Year-over-Year (amounts in thousands) North America 48.4 % $ 37,859 51.7 % $ 46,262 ( 18.2 )% Europe 51.6 % 40,343 48.3 % 43,155 ( 6.5 )% Total 100.0 % $ 78,202 100.0 % $ 89,417 ( 12.5 )% Significant Judgments With the exception of cost estimates on certain fixed-price projects, there are no other significant judgments used to determine the timing of the satisfaction of performance obligations or determining the transaction price and amounts allocated to performance obligations. The Company allocates the transaction price based on standalone selling prices for contracts with clients that include more than one performance obligation. We determine standalone selling price based on the expected cost of the good or service plus margin approach. Certain clients may qualify for discounts and rebates, which the Company accounts for as variable consideration. We estimate variable consideration and reduce revenue recognized based on the amount we expect to provide to clients. Contract Balances For time-and-material and progress billing contracts, the timing of the Company’s satisfaction of its performance obligations is consistent with the timing of payment. For these contracts, the Company has the right to payment in the amount that corresponds directly with the value of the Company’s performance to date. The Company uses the right to invoice practical expedient that allows the Company to recognize revenue in the amount for which it has the right to invoice for time-and-material and progress billing contracts. Bill schedules for fixed-price contracts are generally consistent with the Company’s performance in transferring control of the goods or services to the client. There are no significant financing components in the Company's contracts with clients. Advance billings represent contract liabilities for cash payments received in advance of the Company's performance. Unbilled receivables are reported within “accounts receivable” on the consolidated balance sheets. Accounts receivable and contract liability balances fluctuate based on the timing of the client’s billing schedule and the Company’s period-end date. There are no significant costs to obtain or fulfill contracts with clients. Transaction Price Allocated to Remaining Performance Obligations As of March 31, 2023 , the aggregate transaction price allocated to unsatisfied or partially unsatisfied performance obligations for fixed-price and all managed-support contracts was approximately $ 7.3 million and $ 55.6 million, respectively. Approximately $ 38.1 million of the transaction price allocated to unsatisfied or partially unsatisfied performance obligations is expected to be earned in 2023 , and approximately $ 24.8 million of the transaction price allocated to unsatisfied or partially unsatisfied performance obligations is expected to be earned in 2024 and beyond . The Company uses the right to invoice practical expedient. Therefore, no disclosure is required for unsatisfied performance obligations for contracts in which the Company recognized revenue at the amount to which it has the right to invoice for services performed. Taxes Collected from Clients The Company records taxes collected from its clients for remittance to governmental authorities, primarily in its international locations, on a net basis in the condensed consolidated financial statements. Fair Value Fair value is defined as the exchange price that would be received for an asset or paid for a liability in the principal or most advantageous market for the asset or liability, in an orderly transaction between market participants. The Company utilizes a fair value hierarchy for its assets and liabilities, as applicable, based upon three levels of input, which are: Level 1—quoted prices in active markets for identical assets or liabilities (observable) Level 2—inputs other than Level 1 that are observable, either directly or indirectly, such as quoted prices for similar assets or liabilities, quoted prices in inactive markets, or other inputs that are observable or can be supported by observable market data for essentially the full term of the asset or liability (observable) Level 3—unobservable inputs that are supported by little or no market activity, but are significant to determining the fair value of the asset or liability (unobservable) At March 31, 2023 and December 31, 2022, the carrying amounts of the Company’s cash of $ 23.3 million and $ 25.1 million, respectively, approximated fair value. As described in Note 3 of the condensed consolidated financial statements, the Company acquired 100 % of the equity of Eleviant in the 2022 third quarter. Level 3 inputs were used to estimate the fair values of the assets acquired and liabilities assumed. The valuation techniques used to assign fair values to intangible assets included the relief-from-royalty and excess earnings methods. The Company has recorded a contingent consideration liability related to the earn-out provision of which a portion will be payable in each period subject to the achievement by Eleviant of revenue and gross profit targets for fiscal 2022, 2023 and 2024. There is no payout if the achievements are below the target threshold. However, in subsequent years, if the preceding year’s targets were not met, an earn-out can be earned for both years if the combined total for gross profit or revenue for the two years exceeds the combined two-year targets. The fair value of the contingent consideration as of March 31, 2023 was $ 4.0 million. Life Insurance Policies The Company has purchased life insurance on the lives of a number of former employees who are plan participants in the non-qualified defined benefit Executive Supplemental Benefit Plan. In total, there are policies currently on 16 individuals, whose average age is 79 years old. Those policies have generated cash surrender value and the Company has taken loans against the policies. At March 31, 2023 , the insurance policies that have been borrowed against have a gross cash surrender value of $ 29.7 million, outstanding loans and interest totaling $ 26.4 million, and a net cash surrender value of $ 3.3 million. At December 31, 2022, these insurance policies had a gross cash surrender value of $ 29.5 million, outstanding loans and interest totaling $ 26.0 million, and a net cash surrender value of $ 3.5 million. The net cash surrender values are included on the condensed consolidated balance sheets in “Cash surrender value of life insurance, net” under non-current assets. At both March 31, 2023 and December 31, 2022, the total death benefit for the remaining policies was approximately $ 37.0 million. Currently, upon the death of all of the remaining plan participants, the Company would expect to receive approximately $ 10.3 million after the payment of obligations, and, under current tax regulations, record a non-taxable gain of approximately $ 6.9 million. Cash and Cash Equivalents, and Cash Overdrafts For purposes of the statement of cash flows, cash and cash equivalents are defined as cash on hand, demand deposits, and short-term, highly liquid investments with a maturity of three months or less. The Company does not fund its bank accounts for the checks it has written until the checks are presented to the bank for payment. In the event the Company has no available cash at the bank for which it writes its checks, the "change in cash overdraft, net" line item on the condensed consolidated statement of cash flows would be present, and represent the increase or decrease in outstanding checks for a given period. The cash in the Company’s U.S. banks is insured by the Federal Deposit Insurance Corporation up to the insurable limit of $ 250,000 . As of March 31, 2023 and December 31, 2022, the Company has multiple accounts that carry balances in excess of this insurable limit. The Company’s cash in its foreign bank accounts is not insured. Accounts Receivable Factoring As part of its working capital management, the Company has a factoring agreement to sell certain trade accounts receivables associated with its largest client on a non-recourse basis to a third-party financial institution. The Company accounts for these transactions as sales of receivables and presents cash proceeds as cash provided by operating activities in the condensed consolidated statements of cash flows. There were $ 10.4 million and $ 4.5 million trade accounts receivable sold under the factoring agreement during the quarters ended March 31, 2023 and April 1, 2022 , respectively. Fees for the factoring arrangement were recorded in cost of services and were $ 0.1 million and less than $ 0.1 million in the quarters ended March 31, 2023 and April 1, 2022 , respectively. Property, Equipment and Capitalized Software Costs Property, equipment and capitalized software at March 31, 2023 and December 31, 2022 were recorded as follows: (amounts in thousands) March 31, 2023 December 31, 2022 Property, equipment and capitalized software $ 15,541 $ 15,086 Accumulated depreciation and amortization ( 10,105 ) ( 10,025 ) Property, equipment and capitalized software, net $ 5,436 $ 5,061 The Company capitalizes software projects developed for commercial use. The change in the Company’s capitalized software cost balance during the quarters ended March 31, 2023 and April 1, 2022 was as follows: For the Quarter Ended (amounts in thousands) March 31, 2023 April 1, 2022 Capitalized software, beginning balance $ 1,484 $ 1,607 Foreign currency translation 24 ( 34 ) Capitalized software $ 1,508 $ 1,573 Capitalized software amortization periods range from three to five years , and are evaluated periodically for propriety. The Company capitalized a total of $ 0.2 million of costs related to the development of software for sale or license for the quarter ended March 31, 2023 that has not yet been placed in service. Amortization expense and accumulated amortization for these projects for the quarters ended March 31, 2023 and April 1, 2022 are as follows: For the Quarter Ended (amounts in thousands) March 31, 2023 April 1, 2022 Accumulated amortization, beginning balance $ 1,232 $ 978 Amortization expense 83 72 Accumulated amortization $ 1,315 $ 1,050 Guarantees The Company has a number of guarantees in place in its European operations that support office leases and performance under government contracts. These guarantees totaled approximately $ 1.3 million and $ 3.0 million at March 31, 2023 and December 31, 2022, respectively, and have expiration dates ranging from April 2023 through October 2034 . Goodwill The goodwill recorded on the Company's condensed consolidated balance sheet at March 31, 2023 relates to previous acquisitions, including Eleviant in 2022. In accordance with current accounting guidance for “Intangibles - Goodwill and Other,” the Company performs goodwill impairment testing at least annually (in the Company’s fourth quarter), unless indicators of impairment exist in interim periods. There were no impairment indicators noted in the quarters ended March 31, 2023 and April 1, 2022. The changes in the carrying amount of goodwill for the quarter ended March 31, 2023 are as follows: (amounts in thousands) Balance at December 31, 2022 $ 35,998 Acquisitions ( 82 ) Foreign currency translation 313 Balance at March 31, 2023 $ 36,229 The Company's goodwill by segment at March 31, 2023 and December 31, 2022 was as follows: (amounts in thousands) March 31, 2023 December 31, 2022 North America IT Solutions and Services $ 18,673 $ 18,753 Europe IT Solutions and Services 17,556 17,245 Total goodwill $ 36,229 $ 35,998 Acquired Intangible Assets Acquired intangible assets at March 31, 2023 consist of the following: (amounts in thousands) Estimated Gross Carrying Amount Accumulated Amortization Foreign Currency Translation Net Carrying Amount Trademarks 2 years $ 1,532 $ ( 1,403 ) $ ( 129 ) $ — Technology 10 years 1,141 ( 205 ) ( 17 ) 919 Customer relationships 7 - 13 years 17,196 ( 4,483 ) ( 1,003 ) 11,710 Total $ 19,869 $ ( 6,091 ) $ ( 1,149 ) $ 12,629 Acquired intangible assets at December 31, 2022 consist of the following: (amounts in thousands) Estimated Gross Carrying Amount Accumulated Amortization Foreign Currency Translation Net Carrying Amount Trademarks 2 years $ 1,532 $ ( 1,380 ) $ ( 152 ) $ — Technology 10 years 1,141 ( 161 ) ( 23 ) 957 Customer relationships 7 - 13 years 17,196 ( 4,053 ) ( 1,157 ) 11,986 Total $ 19,869 $ ( 5,594 ) $ ( 1,332 ) $ 12,943 Estimated amortization expense for the remainder of 2023, the five succeeding years, and thereafter is as follows: Year Annual Amortization (amounts in thousands) 2023 (remaining) $ 1,280 2024 1,707 2025 1,707 2026 1,707 2027 1,299 2028 1,218 Thereafter 3,711 Total $ 12,629 Recently Issued Accounting Standards In March 2020, the FASB issued ASU 2020-04, “Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting.” The objective of this ASU is to ease the potential burden in accounting for (or recognizing the effects of) reference rate reform on financial reporting. The amendments in this ASU are elective and apply to all entities, subject to meeting certain criteria, that have contracts, hedging relationships and other transactions that reference LIBOR or another reference rate expected to be discontinued because of reference rate reform. Then in December 2022, the FASB issued ASU No. 2022-06 “Deferral of the Sunset Date of Topic 848” which amends and extends the sunset date to December 31, 2024. The Company does not expect a significant impact from the adoption of this standard as provisions have been made in our Credit Agreement to use an alternate benchmark interest rate when the use of LIBOR is discontinued.

Acquisitions

Acquisitions	3 Months Ended
	Mar. 31, 2023
Business Combinations [Abstract]
Acquisitions	3. Acquisitions Eleviant Technologies, Inc. ("Eleviant") On September 29, 2022, the Company acquired 100 % of the equity of Eleviant for approximately $ 19.0 million, including $ 17.4 million of cash on hand. In addition to the cash payment, Eleviant owners and executives were issued 173,802 shares of common stock valued at $ 1.2 million, and 200,000 stock options from the 2020 Equity Award Plan at the date of acquisition, valued at $ 0.4 million. The U.S.-based Eleviant is a provider of digital transformation services and solutions, and is headquartered in Dallas, TX, with operations in Chennai and Coimbatore, India. Eleviant’s offerings support the new ways enterprises work, communicate, and scale today and focus on cloud, application modernization, mobile, artificial intelligence (AI), machine learning (ML), and robotic process automization (RPA). Eleviant’s services are supported by a portfolio of solutions, including PeopleOne, a Digital Workplace platform for employee engagement, communication, and collaboration; vChat, a chatbot builder platform; and vBots, an RPA builder platform. The acquisition is expected to aid CTG in accelerating the growth of digital solutions sales to clients in the Americas and Europe and create new points of entry with proven technology services and solutions. An earn-out of $ 5.0 million can be earned, a portion of which will be payable in each period subject to the achievement of revenue and gross profit targets for fiscal 2022, 2023 and 2024. Additionally, for each $ 10,000 of gross profit or revenue achieved above the targets, an additional $ 2,000 can be earned, with no maximum limit. There is no payout if the achievement is below the target threshold. However, in subsequent years, if the preceding year’s targets were not met, an earn-out can be earned for both years if the combined total for gross profit or revenue for the two years exceeds the combined two-year targets. The fair value as of the September 29, 2022 acquisition date was $ 4.0 million. The fair value of the remaining contingent consideration liability was determined to be approximately $ 4.0 million as of March 31, 2023. Approximately $ 2.5 million and $ 1.5 million of the remaining contingent consideration liabilities is recorded in "Other current liabilities" and "Other long-term liabilities", respectively, on the consolidated balance sheet as of March 31, 2023. The Company expects to make a payment of $ 0.9 million for Eleviant's earn-out for the 2022 fiscal year in the 2023 second quarter. The acquisition fair value of the consideration for the acquisition of Eleviant consisted of the following as of September 29, 2022: (amounts in thousands) Cash consideration $ 17,382 Share issuance 1,178 Stock option issuance - 3 month vest 166 Stock option issuance - 12 month vest 225 Working capital adjustment ( 82 ) Fair value of contingent consideration 4,000 Fair value of purchase consideration $ 22,869 The following table summarizes the allocation of the aggregate purchase price consideration to the fair value of the assets acquired and liabilities assumed as of September 29, 2022: (amounts in thousands) Assets Acquired: Cash $ 755 Accounts receivable 1,605 Prepaids and other current assets 178 Property and equipment, net 437 Taxes receivable 48 Acquired intangibles 7,250 Goodwill 17,357 Total assets acquired $ 27,630 Liabilities Assumed: Accounts payable $ 492 Short-term debt 601 Accrued compensation 355 Other current liabilities 205 Long-term debt 982 Deferred compensation benefits 324 Deferred tax liability 1,802 Total liabilities assumed $ 4,761 Net assets acquired $ 22,869 The Company allocated value to current assets and liabilities based on book values at September 29, 2022, which approximates fair value. The excess consideration was recorded as goodwill, which is not deductible for income tax purposes, and is driven by Eleviant providing a high level of digital IT solutions and offshore delivery capabilities. The intangible assets acquired in this acquisition consisted of the following: (amounts in thousands) Fair Value Estimated Useful Life Technology $ 550 10 years Customer relationships 6,700 10 years Fair value of purchase consideration $ 7,250 The Company incurred acquisition-related expenses related to retention bonuses, and amortization of intangible assets of approximately $ 0.4 million in the quarter ended March 31, 2023, which were recorded as a component of selling, general, and administrative expenses in the consolidated statements of income. The accounting for this acquisition was updated in the first quarter of 2023, including a working capital adjustment of $ 0.1 million, but the preliminary purchase accounting for intangible assets has not yet been finalized as of March 31, 2023.

Net Income Per Share

Net Income Per Share	3 Months Ended
	Mar. 31, 2023
Earnings Per Share [Abstract]
Net Income Per Share	4. Net Income Per Share Basic and diluted earnings per share (EPS) for the quarters ended March 31, 2023 and April 1, 2022 were as follows: For the Quarter Ended (amounts in thousands, except per-share data) March 31, 2023 April 1, 2022 Weighted-average number of shares outstanding 14,704 14,199 Common stock equivalents from incremental shares 643 778 Number of shares on which diluted earnings 15,347 14,977 Net income $ 315 $ 2,240 Net income per share Basic $ 0.02 $ 0.16 Diluted $ 0.02 $ 0.15 Weighted-average shares represent the average number of issued shares less treasury shares, and for the basic EPS calculations, unvested restricted stock. Certain options representing 0.8 million and 0.5 million shares of common stock were outstanding at March 31, 2023 and April 1, 2022 , respectively, but were not included in the computation of diluted earnings per share as their effect on the computation would have been anti-dilutive.

Lease Commitments

Lease Commitments	3 Months Ended
	Mar. 31, 2023
Leases [Abstract]
Lease Commitments	5. Lease Commitments The Company records a right-of-use asset and liability for substantially all leases for which it is a lessee, in accordance with Topic 842 “Leases.” The Company is obligated under a number of long-term operating leases for office space and office equipment, and for automobiles leased in Europe. Most leases contain both lease components (fixed payments for rent) and non-lease components (common-area maintenance and other services). The Company has elected the practical expedient to separate lease and non-lease components for its office leases and has elected to group lease and non-lease components for its vehicle leases. Some leases contain renewal options with escalation clauses commensurate with local market fluctuations, however, generally limiting an annual increase to no more than 5.0 % of the existing lease payment. The exercise of lease renewal options is at the Company’s sole discretion. The Company has excluded renewal options in the measurement of right-of-use assets and lease liabilities if they are not reasonably certain of exercise. Operating leases are included in the right-of-use lease assets, short-term lease liabilities, and long-term lease liabilities on the condensed consolidated balance sheets. The Company measures the operating lease liabilities at lease commencement date based on the present value of remaining lease payments using the rate implicit in the lease when readily determinable, or the Company’s secured incremental borrowing rate. The Company has made an accounting policy election not to recognize a lease liability or right-of-use asset for leases with a lease term of twelve months or less and does not include an option to purchase the underlying asset. The Company recognizes lease expense on a straight-line basis over the lease term and variable lease expense in the period incurred. Variable lease cost consists primarily of common-area maintenance, insurance, and taxes, which are paid based on actual costs incurred by the lessor. Lease costs for the quarters ended March 31, 2023 and April 1, 2022 were as follows: For the Quarter Ended (amounts in thousands) March 31, 2023 April 1, 2022 Operating lease costs $ 1,815 $ 1,821 Variable lease costs 104 89 Short-term lease costs 124 101 Maturities for the Company’s lease liabilities for all operating leases as of March 31, 2023 are as follows: Total Year Operating Leases (amounts in thousands) 2023 (remaining) $ 4,731 2024 4,812 2025 3,609 2026 2,531 2027 1,433 2028 & thereafter 3,810 Total undiscounted operating lease payments 20,926 Less: Interest ( 2,442 ) Total present value of operating lease liabilities $ 18,484 Operating lease payments exclude $ 0.8 million of legally binding lease payments for leases signed, but not yet commenced. The weighted average remaining lease terms and discount rates for all operating leases as of March 31, 2023 and April 1, 2022 were as follows: March 31, 2023 April 1, 2022 Weighted average remaining lease term (years) 5.26 5.89 Weighted average remaining discount rate 4.26 % 2.12 % Supplemental cash flow information related to the Company’s operating leases for the first quarter of 2023 is as follows: (amounts in thousands) March 31, 2023 Cash paid for amounts included in the measurement of lease liabilities: Operating cash outflow from operating leases $ 1,815 Right-of-use assets obtained in exchange for new operating lease liabilities 1,061

Debt

Debt	3 Months Ended
	Mar. 31, 2023
Debt Disclosure [Abstract]
Debt	6. Debt The Company has an asset-based lending revolving credit agreement (“Credit Agreement”), which has a five-year term that expires in May 2026 . Under this Credit Agreement, the Company can borrow up to $ 50.0 million depending on collateral availability. The Credit Agreement is collateralized by the Company’s accounts receivable in the United States, Belgium, and Luxembourg. The London Interbank Offered Rate (“LIBOR”), the interest rate benchmark used as a reference rate on our Credit Agreement, began being phased out at the beginning of calendar year 2022, with the one-month LIBOR scheduled to cease immediately after June 30, 2023. A reference rate based on the Secured Overnight Financing Rate (“SOFR”), and other alternative benchmark rates, are replacing LIBOR. The Company can borrow under the agreement at either rate at its discretion. Interest rates range from 1.5 % to 2.0 % over SOFR or EURIBOR loans, and 0.5 % to 1.0 % over base rate (prime rate) loans. At March 31, 2023 and December 31, 2022, there were $ 1.4 million and zero outstanding under the Credit Agreement, respectively. The Company borrows or repays its debts as needed based upon its working capital obligations, including the timing of the U.S. bi-weekly payroll. The maximum amounts outstanding under the Credit Agreement in the 2023 and 2022 first quarters were $ 3.4 million and zero , respectively, while borrowing during those quarters averaged $ 0.4 million and zero . The weighted average interest rate for the 2023 first quarter borrowings was 8.4 %. Under the Credit Agreement, the Company is required to meet one financial covenant in order to maintain borrowings under its revolving credit line, pay dividends, and make acquisitions. The covenant is measured quarterly, and at March 31, 2023 represented a fixed charge coverage ratio, where for the trailing twelve months the consolidated earnings before interest, taxes, depreciation, and amortization (EBITDA) adjusted for, amongst other items, equity-based compensation and severance expenses, must be greater than 1.0 times the consolidated interest expense paid in cash and any scheduled principal payments. The fixed charge coverage ratio is only tested if availability, subject to a maximum of the commitment of $ 50.0 million, on the measurement date is less than the greater of 12.5 % of the total loan availability or $ 5.0 million. Actual borrowings by CTG under the Credit Agreement are subject to a borrowing base, which is a formula based on certain eligible receivables and reserves for each country included in the Credit Agreement (the United States, Belgium, and Luxembourg). Receivable balances from our largest client, IBM, have been removed from the Credit Agreement as collateral, as the Company had entered into a factoring arrangement for those receivables. Total availability as of March 31, 2023 was approximately $ 38.7 million. The Company’s compliance with its financial covenant was not required to be tested at March 31, 2023 as the availability under the Credit Agreement was in excess of 12.5 % of the total loan availability. The Company was also in compliance with its applicable covenants at April 1, 2022. As part of the Eleviant acquisition, the Company has $ 0.1 million outstanding under a revolving line of credit as of March 31, 2023. The interest rate is 8.25 %, and the amount outstanding is included in "Accounts Payable" on the Company's Consolidated Balance Sheet.

Accumulated Other Comprehensive

Accumulated Other Comprehensive Loss	3 Months Ended
	Mar. 31, 2023
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Accumulated Other Comprehensive Loss	7. Accumulated Other Comprehensive Loss The components that make up accumulated other comprehensive loss on the condensed consolidated balance sheets at March 31, 2023 and December 31, 2022 are as follows: (amounts in thousands) March 31, 2023 December 31, 2022 Foreign currency translation adjustment $ ( 10,049 ) $ ( 10,993 ) Pension loss, net of tax of $ 739 in 2023 and $ 755 in 2022 ( 4,269 ) ( 4,313 ) Accumulated other comprehensive loss $ ( 14,318 ) $ ( 15,306 ) During the 2023 and 2022 first quarters, actuarial losses were amortized to expense as follows: For the Quarter Ended (amounts in thousands) March 31, 2023 April 1, 2022 Amortization of actuarial losses $ 106 $ 130 Income tax ( 24 ) ( 21 ) Net of tax $ 82 $ 109 The amortization of both prior service cost and actuarial losses, with the exception of the actuarial gains related to the post retirement benefit plan, are included in determining net periodic pension cost. See Note 9, "Deferred Compensation and Other Benefits" for additional information.

Income Taxes

Income Taxes	3 Months Ended
	Mar. 31, 2023
Income Tax Disclosure [Abstract]
Income Taxes	8. Income Taxes The Company’s effective tax rate (“ETR”) is calculated quarterly based upon current assumptions relating to the full year’s estimated operating results and various tax-related items. The 2023 and 2022 first quarter ETR was 34.0 % and 23.9 %, respectively. The ETR was higher in the 2023 first quarter as compared with the corresponding 2022 period primarily due to the tax benefit for windfalls from equity-based compensation transactions in the 2022 first quarter. The Company has not recorded a U.S. deferred tax liability for the excess book basis over the tax basis of its investments in foreign subsidiaries as these amounts continue to be indefinitely reinvested in foreign operations.

Deferred Compensation and Other

Deferred Compensation and Other Benefits	3 Months Ended
	Mar. 31, 2023
Retirement Benefits [Abstract]
Deferred Compensation and Other Benefits	9. Deferred Compensation and Other Benefits The Company maintains a non-qualified defined benefit Executive Supplemental Benefit Plan (“ESBP”) that provides certain former key executives with deferred compensation benefits, based on years of service and base compensation, payable during retirement. The ESBP was amended as of November 30, 1994, to freeze benefits for the participants in the plan at that time. The Company also retained certain potential obligations related to a contributory defined-benefit plan for its previous employees located in the Netherlands (“NDBP”) when the Company disposed of its subsidiary, CTG Nederland, B.V. Benefits paid are a function of a percentage of career average pay. The NDBP was curtailed for additional contributions in January 2003. The Company maintains a fully funded pension plan related to CTG Belgium and CTG Health Solutions (Belgium) employees (“BDBP”). The BDBP has active employees and the Company expects to make future contributions. The Company maintains an unfunded pension plan related to the current Soft Company employees (“FDBP”). The Company does not anticipate making contributions to the FDBP. No benefit payments were made in 2022 and no ne are expected to be paid in 2023. The Company maintains an unfunded pension plan related to the current StarDust employees (“SDBP”). The Company does not anticipate making contributions to the SDBP. No benefit payments were made in 2022 and no ne are expected to be paid in 2023. On September 29, 2022, the Company acquired Eleviant and now maintains an unfunded defined-benefit gratuity plan related to the current Eleviant employees (“IDBP”). The Company does not anticipate making contributions to the IDBP. No benefit payments were made in 2022 and no ne are expected to be paid in 2023. Net periodic pension cost for the quarters ended March 31, 2023 and April 1, 2022 for the plans is as follows: For the Quarter Ended (amounts in thousands) March 31, 2023 April 1, 2022 Service cost $ 90 $ 109 Interest cost 239 89 Expected return on assets ( 167 ) ( 170 ) Amortization of actuarial loss 106 131 Net periodic pension cost $ 268 $ 159 The ESBP is deemed to be unfunded as the Company has not specifically identified assets to be used to discharge the deferred compensation benefit liabilities. The Company has purchased insurance on the lives of certain plan participants in amounts deemed to be sufficient to reimburse the Company for the costs associated with the plan for those participants (see Note 2 for “Life Insurance Policies”). The Company does not anticipate contributing to the plan other than for benefit payments as required in 2023 and future years. In the 2023 first quarter, the Company made benefit payments totaling $ 0.1 million, and expects to make payments in 2023 totaling approximately $ 0.5 million. The Company made benefit payments totaling approximately $ 0.1 million in the 2022 first quarter. As the NDBP was curtailed for additional contributions in January 2003, no contributions were made in 2022 and none are expected to be made in 2023. The assets for the NDBP are held by Aegon, a financial services firm located in the Netherlands. The Company maintains a contract with Aegon to insure future benefit payments of the NDBP; however, due to certain terms of the agreement and potential obligations to the Company, the NDBP has not been settled. The benefit payments to be made in 2023 are expected to be paid by Aegon from plan assets. The assets for the plan are included in a general portfolio of government bonds, a portion of which is allocated to the NDBP based upon the estimated pension liability associated with the plan. The fair market value of the plan’s assets equals the contractual value of the NDBP at any point in time. The fair value of the assets is determined using a Level 3 methodology (see Note 2 for “Fair Value”). In 2023, the plan investments have a targeted minimum return to the Company of 4.0 %, which is consistent with historical returns and the 4.0 % return guaranteed to the participants of the plan. The Company, in conjunction with Aegon, intends to maintain the current investment strategy of investing plan assets solely in government bonds throughout 2023. The BDBP is considered fully funded. The Company made contributions of $ 0.2 million in both the 2023 and 2022 first quarters. The Company made benefit payments totaling less than $ 0.1 million in both the 2023 and 2022 first quarters, and expects to make payments in 2023 totaling $ 0.1 million. The assets for the BDBP are held by Allianz, a financial services firm located in Belgium. The Company maintains a contract with Allianz to insure future benefit payments of the BDBP. Contributions made by the Company to Allianz are based on employees’ current salaries. The benefit payments to be made in 2023 are expected to be paid by Allianz from plan assets. The assets for the plan are included in the overall portfolio of assets held by Allianz. The fair market value of the plan’s assets equals the contractual value of the BDBP in any given year (which is the mathematical reserve held by Allianz). The fair value of the assets is determined using a Level 3 methodology (see Note 2 “Fair Value”). Allianz does not guarantee a minimum return on the plan investments, whereas Belgian law sets a minimum return to be guaranteed to the participants of the plan. The Company maintains various other defined contribution retirement plans covering European employees. Company contributions charged to operations were $ 0.1 million in both the 2023 and 2022 first quarters. The change in the fair value of plan assets for the plans for the quarters ended March 31, 2023 and April 1, 2022 was as follows: For the Quarter Ended (amounts in thousands) March 31, 2023 April 1, 2022 Fair value of plan assets at beginning of period $ 19,723 $ 19,956 Return on plan assets 167 170 Contributions 313 295 Benefits paid ( 218 ) ( 258 ) Effect of exchange rate changes 334 ( 486 ) Fair value of plan assets at end of quarter $ 20,319 $ 19,677 The Company maintains the Key Employee Non-Qualified Deferred Compensation Plan for certain key executives. Company contributions to this plan, if any, are based on annually defined financial performance objectives. The Company made no cash contributions in either the 2023 or 2022 first quarters for amounts earned in the previous year. Participants in the plan have the ability to purchase stock units from the Company at current market prices using their available investment balances within the plan. In exchange for the cash received, the Company releases shares out of treasury stock equivalent to the number of share units purchased by the participants. These shares of common stock are not entitled to any voting rights, but will receive dividends in the event any are paid. The shares are being held by the Company, and will be released to the participants as prescribed by their payment elections under the plan. There were no stock units purchased during the 2023 or 2022 first quarters. The Company maintains the Non-Employee Director Deferred Compensation Plan for its non-employee directors. The Company made cash contributions of less than $ 0.1 million during both the 2023 and 2022 first quarters. The remaining contributions deposited in the directors’ accounts in the 2023 and 2022 first quarters consisted of equity grants from the 2020 Equity Award Plan. These shares of common stock are not entitled to any voting rights, but will receive dividends in the event any are paid. The shares are being held by the Company, and will be released to the participants as prescribed by their payment elections under the plan.

Equity-based Compensation

Equity-based Compensation	3 Months Ended
	Mar. 31, 2023
Share-Based Payment Arrangement [Abstract]
Equity-based Compensation	10. Equity-based Compensation During the 2023 and 2022 first quarters, the Company granted restricted stock totaling 213,022 and 151,556 shares, respectively. All grants in 2023 and 2022 were funded out of treasury stock. Director Board fees are paid in part with quarterly grants of stock units. Of the total shares granted during the 2023 first quarter, 14,515 shares represented restricted stock units that were granted to Board members. The shares vest over the quarter in which they were granted and the Company is expensing these grants as such. Grants of similar units to the Board members totaled 12,335 shares of restricted stock units in the 2022 first quarter. Of the shares granted in the 2023 first quarter, 198,507 shares were granted to senior management, of which 132,340 shares included a performance condition. The shares will only vest, in part, to senior management if at least 80 % of a three-year cumulative target for diluted earnings per share is met for the three-year period ended December 31, 2025 . If at least 80% of the three-year EPS target is not met, the grants will expire. Of the shares granted during 2022 first quarter, 139,221 shares were granted to senior management, of which 92,815 shares included a performance condition. The shares will only vest in part, to senior management if at least 80 % of a three-year cumulative target for diluted earnings per share is met for the three-year period ended December 31, 2024 . If at least 80% of the three-year EPS target is not met, the grants will expire. There were no other shares granted during the 2023 and 2022 first quarters. The restricted shares granted are considered outstanding, can be voted, and are eligible to receive dividends in the event any are paid. However, these shares do not include a non-forfeitable right for the holder to receive dividends and none will be paid in the event the awards do not vest. Accordingly, only vested shares of outstanding restricted stock are included in the basic earnings per share calculation. The shares and share units granted in 2023 and 2022 were from the 2020 Equity Award Plan. A total of 168,136 stock options were granted during the 2023 first quarter on March 17, 2023 from the 2020 Equity Award Plan. The options have a fair value of $ 3.05 per share using the Black-Scholes valuation model. The assumptions used to calculate the fair value include the price on the date of grant of $ 7.75 per option, an expected life of 4.3 years, expected volatility of 43.2 %, an expected dividend yield of zero , and a risk free rate of 3.4 %. The options vest ratably over three years, and are being expensed over that period. A total of 134,790 stock options were granted during the 2022 first quarter on March 18, 2022 from the 2020 Equity Award Plan. The options have a fair value of $ 3.14 per share using the Black-Scholes valuation model. The assumptions used to calculate the fair value include the price on the date of grant of $ 9.12 per option, an expected life of 3.4 years, expected volatility of 44.6 %, an expected dividend yield of zero , and a risk free rate of 2.1 %. The options vest ratably over three years, and are being expensed over that period.

Treasury Stock

Treasury Stock	3 Months Ended
	Mar. 31, 2023
Class of Stock Disclosures [Abstract]
Treasury Stock	11. Treasury Stock The Company’s Board of Directors has previously authorized the repurchase of up to $ 30.0 million of the Company’s stock. The Company did no t purchase shares for treasury during the 2023 or 2022 first quarter. As of March 31, 2023 and April 1, 2022 , the Company had approximately $ 7.7 million left in its current stock repurchase authorization. The Company issued 244,602 and 171,556 shares during the 2023 and 2022 first quarters, respectively, to fulfill the requirements from the grant of restricted shares or units and the exercise of stock options.

Significant Clients

Significant Clients	3 Months Ended
	Mar. 31, 2023
Risks and Uncertainties [Abstract]
Significant Clients	12. Significant Clients In the 2023 first quarter, International Business Machines Corporation (IBM) was the Company’s largest client and accounted for $ 8.2 million or 10.5 % of consolidated revenue compared with $ 16.5 million or 18.5 % of consolidated revenue in the comparable 2022 period. The National Technical Services Agreement with IBM expires on October 27, 2023 . The Company’s accounts receivable from IBM at March 31, 2023 and December 31, 2022 totaled $ 9.2 million and $ 14.0 million, respectively. No other client accounted for 10% or more of the Company's revenue during the 2023 or 2022 first quarters.

Segment Information

Segment Information	3 Months Ended
	Mar. 31, 2023
Segment Reporting [Abstract]
Segment Information	13. Segment Information Operating segments are defined as components of an enterprise about which separate financial information is available that is evaluated on a regular basis by the chief operating decision maker, or decision making group, in deciding how to allocate resources to an individual segment and in assessing performance. The Company provides information technology and related services to its clients. These services include digital IT solutions and services, and staffing services. With digital IT Solutions and Services, the Company generally takes responsibility for the deliverables and some level of project and staff management, and these services may include high-end advisory or business-related consulting. When providing staffing services, including managed staffing, staff augmentation, and volume staffing, personnel are provided to clients based upon their requirements for specific skills, who then, in turn, take their direction from clients’ managers. The Company’s strategy throughout its operations is to expand the amount of IT solutions and services it provides to its clients as compared with staffing services, and to focus on delivering digital solutions. IT solutions and services provide significant value to the Company's clients, and drive higher bill rates and margins for the Company. Existing solutions include business, technology, and operations solutions that aid the Company's clients in digitally transforming their company, and ultimately meet the needs of its clients. The digital services the Company delivers includes the Internet of Things, Intelligent Automation, Data and Analytics, and Cloud and Automated Testing. The Company's strategy is to focus on providing digital services within its IT Solutions business in both North America and in Europe. As part of this strategy, the Company also determined that there are certain lower margin staffing accounts within its business that are no longer part of the Company’s long-term business plan. The focus includes investing in business development, solutions, delivery, and marketing for IT Solutions. Additionally, the Company is critically evaluating each significant staffing engagement as it comes up for renewal to determine if the Company would continue to provide those services to its clients. These decisions are based on, among other factors, evaluating the work performed, the availability of the resources, the client, the long-term opportunities for the services provided at the client, and the revenue and profit associated with the engagement. Accordingly, the Company reports its operations in three segments within its business: North America IT Solutions and Services, Europe IT Solutions and Services, and Non-Strategic Technology Services. The segments are composed of the following: IT Solutions and Services in North America and Europe IT Solutions and Services include business, technology, and operations solutions that aid the Company's clients in digitally transforming their company, and ultimately meet the needs of its clients. The digital services the Company delivers include the Internet of Things, Intelligent Automation, Data and Analytics, Cloud and Automated Testing. Non-Strategic Technology Services The Company’s Non-Strategic Technology Services address a range of information and technology resource needs, from filling specific talent gaps to managing high-volume staffing programs. The Company recruits, retains, and manages IT talent for its clients, which are primarily large technology service providers and other companies with multiple locations and a significant need for high-volume professional IT resources. This segment consists of the lowest margin services the Company provides to its clients. This segment consists primarily of staffing services in North America, and a minor amount (less than 5 % of revenue in this segment) of such services in Europe. The Company makes decisions related to resource allocation based upon the contribution income of each of its segments. Contribution profit reflects gross profit less any expenses directly related to each respective segment. Those expenses primarily include sales, solutions, delivery, and recruiting expenses. General and administrative expenses are not allocated to the individual segments and primarily include corporate support costs such as finance and accounting, internal IT, human resources, benefits and marketing. The operating results for the Company’s segments for the quarters ended March 31, 2023 and April 1, 2022 were as follows: Quarter Ended March 31, 2023 North America IT Europe IT Non-Strategic (amounts in thousands) Solutions & Services Solutions & Services Technology Services Total Revenue $ 23,196 $ 40,093 $ 14,913 Direct costs 14,212 30,769 13,086 Gross profit 8,984 9,324 1,827 Sales, solutions, delivery, and recruiting expenses 4,797 5,052 363 Contribution profit $ 4,187 $ 4,272 $ 1,464 9,923 General and administrative expenses 9,216 Operating income $ 707 Quarter Ended April 1, 2022 North America IT Europe IT Non-Strategic (amounts in thousands) Solutions & Services Solutions & Services Technology Services Total Revenue $ 20,435 $ 42,478 $ 26,504 Direct costs 13,573 31,998 23,251 Gross profit 6,862 10,480 3,253 Sales, solutions, delivery, and recruiting expenses 3,130 5,229 810 Contribution profit $ 3,732 $ 5,251 $ 2,443 11,426 General and administrative expenses 8,227 Operating income $ 3,199 Depreciation allocated to Europe IT Solutions and Services totaled $ 0.2 million in both of the quarters ended March 31, 2023 and April 1, 2022 . Depreciation allocated to North America IT Solutions and Services totaled $ 0.1 million in both of the quarters ended March 31, 2023 and April 1, 2022 . Depreciation allocated to Non-Strategic Technology Services totaled less than $ 0.1 million in both of the quarters ended March 31, 2023 and April 1, 2022. The Company has not provided any other expense or asset information for each of its segments as the Company’s CEO, who is the chief operating decision maker, does not use this information in any way to make resource decisions or to manage the segments. The Company does not prepare balance sheet or statement of cash flow information for its segments. The Company's goodwill by segment at March 31, 2023 and December 31, 2022 was as follows: (amounts in thousands) March 31, 2023 December 31, 2022 North America IT Solutions and Services $ 18,673 $ 18,753 Europe IT Solutions and Services 17,556 17,245 Total goodwill $ 36,229 $ 35,998

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	3 Months Ended
	Mar. 31, 2023
Accounting Policies [Abstract]
Basis of Presentation and Consolidation	Basis of Presentation and Consolidation These condensed consolidated financial statements have been prepared by the Company pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”). Certain information and footnote disclosures normally included in financial statements prepared in accordance with U.S. generally accepted accounting principles have been condensed or omitted pursuant to the SEC rules and regulations. There are no unconsolidated entities, or off-balance sheet arrangements other than certain guarantees supporting office leases and the performance under government contracts in the Company's European operations. All intercompany accounts have been eliminated. The preparation of financial statements and related disclosures in conformity with U.S. generally accepted accounting principles requires the Company's management to make estimates, judgments and assumptions that affect the amounts reported in the condensed consolidated financial statements and accompanying notes, which could be impacted by existing market conditions and factors, including among others lingering effects of the COVID-19 pandemic, current macroeconomic conditions such as inflation, and the unpredictability and severity of a civil unrest or outbreak of war or hostilities. Such estimates primarily relate to the recognition of revenue, leased assets and liabilities, the purchase accounting for acquisitions and the valuation of goodwill, the valuation allowance for deferred tax assets, actuarial assumptions including discount rates and expected return on assets, as applicable, for the Company’s defined benefit plans, the valuation of stock options and restricted stock for recording equity-based compensation expense, the allowance for credit losses, investment valuation, legal matters, other contingencies, and estimates of progress toward completion and direct profit or loss on contracts, as applicable. Management believes that the information and disclosures provided herein are adequate to present fairly the condensed consolidated financial position, results of operations, comprehensive income, cash flows, and shareholders’ equity of the Company. There were no subsequent events as of the date of this filing from the end of the fiscal first quarter on March 31, 2023 that require recognition or disclosure in these unaudited interim condensed consolidated financial statements.
Concentration Risk, Credit Risk	The Company operates in three segments within its business, North America IT Solutions and Services, Europe IT Solutions and Services, and Non-Strategic Technology Services. The Company provides information and technology-related services to its clients. CTG provides these services to all of the markets that it serves. The services provided typically encompass the IT business solution life cycle, including phases for planning, developing, implementing, managing, and ultimately maintaining the IT solution. These services ensure that the Company's clients utilize the right information technology to meet their business needs, maximize their IT systems’ value, and operate efficiently and effectively. A typical client is an organization with large, complex technology, information, and data processing requirements. The segment revenue for the quarters ended March 31, 2023 and April 1, 2022 was as follows: For the Quarter Ended: Year-over-Year (amounts in thousands) March 31, 2023 April 1, 2022 Change North America IT Solutions and Services 29.6 % $ 23,196 22.9 % $ 20,435 13.5 % Europe IT Solutions and Services 51.3 % 40,093 47.5 % 42,478 ( 5.6 )% Non-Strategic Technology Services 19.1 % 14,913 29.6 % 26,504 ( 43.7 )% Total 100.0 % $ 78,202 100.0 % $ 89,417 ( 12.5 )% The Company focuses a significant portion of its services through five vertical market focus areas: healthcare (which includes services provided to healthcare providers, health insurers (payers), and life sciences companies), financial services, manufacturing, technology service providers, and energy. The Company focuses on these five vertical areas as it believes that these areas are either higher growth markets than the general IT services market and the general economy, or are areas that provide greater potential for the Company’s growth due to the size of the vertical market. The remainder of CTG’s revenue is derived from general markets. The Company’s revenue by vertical market as a percentage of total revenue for the quarters ended March 31, 2023 and April 1, 2022 was as follows: For the Quarter Ended March 31, 2023 April 1, 2022 Healthcare 18.7 % 17.4 % Financial services 17.4 % 16.5 % Manufacturing 16.4 % 13.9 % Technology service providers 16.1 % 23.8 % Energy 6.3 % 5.3 % General markets 25.1 % 23.1 % Total 100.0 % 100.0 %
Revenue Recognition	Revenue Recognition The Company recognizes revenue when control of the promised good or service is transferred to clients, in an amount that reflects the consideration the Company expects to be entitled to in exchange for those goods or services. For time-and-material contracts, revenue is recognized as hours are incurred and costs are expended. For contracts with progress billing schedules (i.e. progress billing), primarily monthly, revenue is recognized as services are rendered to the client. Revenue for fixed-price contracts is recognized over time using an input-based approach. Revenue recognition over time best portrays the Company’s performance in transferring control of the goods or services to the client. On most fixed price contracts, revenue recognition is supported through contractual clauses that require the client to pay for work performed to date, including cost plus a reasonable profit margin, for goods or services that have no alternative use to the Company. On certain contracts, revenue recognition is supported through contractual clauses that indicate the client controls the asset, or work in process, as the Company creates or enhances the asset. On a given project, actual salary and indirect labor costs incurred are measured and compared with the total estimate of costs of such items at the completion of the project. Revenue is recognized based upon the percentage-of-completion calculation of total incurred costs to total estimated costs. The Company infrequently works on fixed-price projects that include significant amounts of material or other non-labor related costs that could distort the percent complete within a percentage-of-completion calculation. The Company’s estimate of the total labor costs it expects to incur over the term of the contract is based on the nature of the project and the Company's experience on similar projects, and includes management judgments and estimates that affect the amount of revenue recognized on fixed-price contracts in any accounting period. Losses on fixed-price projects are recorded when identified. The Company’s revenue from contracts accounted for under time-and-material, progress billing and percentage-of-completion methods as a percentage of consolidated revenue for the quarters ended March 31, 2023 and April 1, 2022 was as follows: For the Quarter Ended March 31, 2023 April 1, 2022 Time-and-material 78.6 % 77.2 % Progress billing 15.3 % 18.9 % Percentage-of-completion 6.1 % 3.9 % Total 100.0 % 100.0 % The Company recorded revenue in the quarters ended March 31, 2023 and April 1, 2022 as follows: For the Quarter Ended: March 31, 2023 April 1, 2022 Year-over-Year (amounts in thousands) North America 48.4 % $ 37,859 51.7 % $ 46,262 ( 18.2 )% Europe 51.6 % 40,343 48.3 % 43,155 ( 6.5 )% Total 100.0 % $ 78,202 100.0 % $ 89,417 ( 12.5 )%
Significant Judgments	Significant Judgments With the exception of cost estimates on certain fixed-price projects, there are no other significant judgments used to determine the timing of the satisfaction of performance obligations or determining the transaction price and amounts allocated to performance obligations. The Company allocates the transaction price based on standalone selling prices for contracts with clients that include more than one performance obligation. We determine standalone selling price based on the expected cost of the good or service plus margin approach. Certain clients may qualify for discounts and rebates, which the Company accounts for as variable consideration. We estimate variable consideration and reduce revenue recognized based on the amount we expect to provide to clients.
Contract Balances	Contract Balances For time-and-material and progress billing contracts, the timing of the Company’s satisfaction of its performance obligations is consistent with the timing of payment. For these contracts, the Company has the right to payment in the amount that corresponds directly with the value of the Company’s performance to date. The Company uses the right to invoice practical expedient that allows the Company to recognize revenue in the amount for which it has the right to invoice for time-and-material and progress billing contracts. Bill schedules for fixed-price contracts are generally consistent with the Company’s performance in transferring control of the goods or services to the client. There are no significant financing components in the Company's contracts with clients. Advance billings represent contract liabilities for cash payments received in advance of the Company's performance. Unbilled receivables are reported within “accounts receivable” on the consolidated balance sheets. Accounts receivable and contract liability balances fluctuate based on the timing of the client’s billing schedule and the Company’s period-end date. There are no significant costs to obtain or fulfill contracts with clients.
Transaction Price Allocated to Remaining Performance Obligations	Transaction Price Allocated to Remaining Performance Obligations As of March 31, 2023 , the aggregate transaction price allocated to unsatisfied or partially unsatisfied performance obligations for fixed-price and all managed-support contracts was approximately $ 7.3 million and $ 55.6 million, respectively. Approximately $ 38.1 million of the transaction price allocated to unsatisfied or partially unsatisfied performance obligations is expected to be earned in 2023 , and approximately $ 24.8 million of the transaction price allocated to unsatisfied or partially unsatisfied performance obligations is expected to be earned in 2024 and beyond . The Company uses the right to invoice practical expedient. Therefore, no disclosure is required for unsatisfied performance obligations for contracts in which the Company recognized revenue at the amount to which it has the right to invoice for services performed.
Taxes Collected from Clients	Taxes Collected from Clients The Company records taxes collected from its clients for remittance to governmental authorities, primarily in its international locations, on a net basis in the condensed consolidated financial statements.
Fair Value	Fair Value Fair value is defined as the exchange price that would be received for an asset or paid for a liability in the principal or most advantageous market for the asset or liability, in an orderly transaction between market participants. The Company utilizes a fair value hierarchy for its assets and liabilities, as applicable, based upon three levels of input, which are: Level 1—quoted prices in active markets for identical assets or liabilities (observable) Level 2—inputs other than Level 1 that are observable, either directly or indirectly, such as quoted prices for similar assets or liabilities, quoted prices in inactive markets, or other inputs that are observable or can be supported by observable market data for essentially the full term of the asset or liability (observable) Level 3—unobservable inputs that are supported by little or no market activity, but are significant to determining the fair value of the asset or liability (unobservable) At March 31, 2023 and December 31, 2022, the carrying amounts of the Company’s cash of $ 23.3 million and $ 25.1 million, respectively, approximated fair value. As described in Note 3 of the condensed consolidated financial statements, the Company acquired 100 % of the equity of Eleviant in the 2022 third quarter. Level 3 inputs were used to estimate the fair values of the assets acquired and liabilities assumed. The valuation techniques used to assign fair values to intangible assets included the relief-from-royalty and excess earnings methods. The Company has recorded a contingent consideration liability related to the earn-out provision of which a portion will be payable in each period subject to the achievement by Eleviant of revenue and gross profit targets for fiscal 2022, 2023 and 2024. There is no payout if the achievements are below the target threshold. However, in subsequent years, if the preceding year’s targets were not met, an earn-out can be earned for both years if the combined total for gross profit or revenue for the two years exceeds the combined two-year targets. The fair value of the contingent consideration as of March 31, 2023 was $ 4.0 million.
Life Insurance Policies	Life Insurance Policies The Company has purchased life insurance on the lives of a number of former employees who are plan participants in the non-qualified defined benefit Executive Supplemental Benefit Plan. In total, there are policies currently on 16 individuals, whose average age is 79 years old. Those policies have generated cash surrender value and the Company has taken loans against the policies. At March 31, 2023 , the insurance policies that have been borrowed against have a gross cash surrender value of $ 29.7 million, outstanding loans and interest totaling $ 26.4 million, and a net cash surrender value of $ 3.3 million. At December 31, 2022, these insurance policies had a gross cash surrender value of $ 29.5 million, outstanding loans and interest totaling $ 26.0 million, and a net cash surrender value of $ 3.5 million. The net cash surrender values are included on the condensed consolidated balance sheets in “Cash surrender value of life insurance, net” under non-current assets. At both March 31, 2023 and December 31, 2022, the total death benefit for the remaining policies was approximately $ 37.0 million. Currently, upon the death of all of the remaining plan participants, the Company would expect to receive approximately $ 10.3 million after the payment of obligations, and, under current tax regulations, record a non-taxable gain of approximately $ 6.9 million.
Cash and Cash Equivalents, and Cash Overdrafts	Cash and Cash Equivalents, and Cash Overdrafts For purposes of the statement of cash flows, cash and cash equivalents are defined as cash on hand, demand deposits, and short-term, highly liquid investments with a maturity of three months or less. The Company does not fund its bank accounts for the checks it has written until the checks are presented to the bank for payment. In the event the Company has no available cash at the bank for which it writes its checks, the "change in cash overdraft, net" line item on the condensed consolidated statement of cash flows would be present, and represent the increase or decrease in outstanding checks for a given period. The cash in the Company’s U.S. banks is insured by the Federal Deposit Insurance Corporation up to the insurable limit of $ 250,000 . As of March 31, 2023 and December 31, 2022, the Company has multiple accounts that carry balances in excess of this insurable limit. The Company’s cash in its foreign bank accounts is not insured.
Accounts Receivable Factoring	Accounts Receivable Factoring As part of its working capital management, the Company has a factoring agreement to sell certain trade accounts receivables associated with its largest client on a non-recourse basis to a third-party financial institution. The Company accounts for these transactions as sales of receivables and presents cash proceeds as cash provided by operating activities in the condensed consolidated statements of cash flows. There were $ 10.4 million and $ 4.5 million trade accounts receivable sold under the factoring agreement during the quarters ended March 31, 2023 and April 1, 2022 , respectively. Fees for the factoring arrangement were recorded in cost of services and were $ 0.1 million and less than $ 0.1 million in the quarters ended March 31, 2023 and April 1, 2022 , respectively.
Property, Equipment and Capitalized Software Costs	Property, Equipment and Capitalized Software Costs Property, equipment and capitalized software at March 31, 2023 and December 31, 2022 were recorded as follows: (amounts in thousands) March 31, 2023 December 31, 2022 Property, equipment and capitalized software $ 15,541 $ 15,086 Accumulated depreciation and amortization ( 10,105 ) ( 10,025 ) Property, equipment and capitalized software, net $ 5,436 $ 5,061 The Company capitalizes software projects developed for commercial use. The change in the Company’s capitalized software cost balance during the quarters ended March 31, 2023 and April 1, 2022 was as follows: For the Quarter Ended (amounts in thousands) March 31, 2023 April 1, 2022 Capitalized software, beginning balance $ 1,484 $ 1,607 Foreign currency translation 24 ( 34 ) Capitalized software $ 1,508 $ 1,573 Capitalized software amortization periods range from three to five years , and are evaluated periodically for propriety. The Company capitalized a total of $ 0.2 million of costs related to the development of software for sale or license for the quarter ended March 31, 2023 that has not yet been placed in service. Amortization expense and accumulated amortization for these projects for the quarters ended March 31, 2023 and April 1, 2022 are as follows: For the Quarter Ended (amounts in thousands) March 31, 2023 April 1, 2022 Accumulated amortization, beginning balance $ 1,232 $ 978 Amortization expense 83 72 Accumulated amortization $ 1,315 $ 1,050
Guarantees	Guarantees The Company has a number of guarantees in place in its European operations that support office leases and performance under government contracts. These guarantees totaled approximately $ 1.3 million and $ 3.0 million at March 31, 2023 and December 31, 2022, respectively, and have expiration dates ranging from April 2023 through October 2034 .
Goodwill	Goodwill The goodwill recorded on the Company's condensed consolidated balance sheet at March 31, 2023 relates to previous acquisitions, including Eleviant in 2022. In accordance with current accounting guidance for “Intangibles - Goodwill and Other,” the Company performs goodwill impairment testing at least annually (in the Company’s fourth quarter), unless indicators of impairment exist in interim periods. There were no impairment indicators noted in the quarters ended March 31, 2023 and April 1, 2022. The changes in the carrying amount of goodwill for the quarter ended March 31, 2023 are as follows: (amounts in thousands) Balance at December 31, 2022 $ 35,998 Acquisitions ( 82 ) Foreign currency translation 313 Balance at March 31, 2023 $ 36,229 The Company's goodwill by segment at March 31, 2023 and December 31, 2022 was as follows: (amounts in thousands) March 31, 2023 December 31, 2022 North America IT Solutions and Services $ 18,673 $ 18,753 Europe IT Solutions and Services 17,556 17,245 Total goodwill $ 36,229 $ 35,998
Acquired Intangible Assets	Acquired Intangible Assets Acquired intangible assets at March 31, 2023 consist of the following: (amounts in thousands) Estimated Gross Carrying Amount Accumulated Amortization Foreign Currency Translation Net Carrying Amount Trademarks 2 years $ 1,532 $ ( 1,403 ) $ ( 129 ) $ — Technology 10 years 1,141 ( 205 ) ( 17 ) 919 Customer relationships 7 - 13 years 17,196 ( 4,483 ) ( 1,003 ) 11,710 Total $ 19,869 $ ( 6,091 ) $ ( 1,149 ) $ 12,629 Acquired intangible assets at December 31, 2022 consist of the following: (amounts in thousands) Estimated Gross Carrying Amount Accumulated Amortization Foreign Currency Translation Net Carrying Amount Trademarks 2 years $ 1,532 $ ( 1,380 ) $ ( 152 ) $ — Technology 10 years 1,141 ( 161 ) ( 23 ) 957 Customer relationships 7 - 13 years 17,196 ( 4,053 ) ( 1,157 ) 11,986 Total $ 19,869 $ ( 5,594 ) $ ( 1,332 ) $ 12,943 Estimated amortization expense for the remainder of 2023, the five succeeding years, and thereafter is as follows: Year Annual Amortization (amounts in thousands) 2023 (remaining) $ 1,280 2024 1,707 2025 1,707 2026 1,707 2027 1,299 2028 1,218 Thereafter 3,711 Total $ 12,629
Recently Issued Accounting Standards	Recently Issued Accounting Standards In March 2020, the FASB issued ASU 2020-04, “Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting.” The objective of this ASU is to ease the potential burden in accounting for (or recognizing the effects of) reference rate reform on financial reporting. The amendments in this ASU are elective and apply to all entities, subject to meeting certain criteria, that have contracts, hedging relationships and other transactions that reference LIBOR or another reference rate expected to be discontinued because of reference rate reform. Then in December 2022, the FASB issued ASU No. 2022-06 “Deferral of the Sunset Date of Topic 848” which amends and extends the sunset date to December 31, 2024. The Company does not expect a significant impact from the adoption of this standard as provisions have been made in our Credit Agreement to use an alternate benchmark interest rate when the use of LIBOR is discontinued.

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Tables)	3 Months Ended
	Mar. 31, 2023
Accounting Policies [Abstract]
Summary of IT Solutions and Services and Non-Strategic Technology Services as Percentage of Total Revenue	The segment revenue for the quarters ended March 31, 2023 and April 1, 2022 was as follows: For the Quarter Ended: Year-over-Year (amounts in thousands) March 31, 2023 April 1, 2022 Change North America IT Solutions and Services 29.6 % $ 23,196 22.9 % $ 20,435 13.5 % Europe IT Solutions and Services 51.3 % 40,093 47.5 % 42,478 ( 5.6 )% Non-Strategic Technology Services 19.1 % 14,913 29.6 % 26,504 ( 43.7 )% Total 100.0 % $ 78,202 100.0 % $ 89,417 ( 12.5 )%
Revenue by Vertical Market as Percentage of Total Revenue	The Company’s revenue by vertical market as a percentage of total revenue for the quarters ended March 31, 2023 and April 1, 2022 was as follows: For the Quarter Ended March 31, 2023 April 1, 2022 Healthcare 18.7 % 17.4 % Financial services 17.4 % 16.5 % Manufacturing 16.4 % 13.9 % Technology service providers 16.1 % 23.8 % Energy 6.3 % 5.3 % General markets 25.1 % 23.1 % Total 100.0 % 100.0 %
Revenue by Contract Type	The Company’s revenue from contracts accounted for under time-and-material, progress billing and percentage-of-completion methods as a percentage of consolidated revenue for the quarters ended March 31, 2023 and April 1, 2022 was as follows: For the Quarter Ended March 31, 2023 April 1, 2022 Time-and-material 78.6 % 77.2 % Progress billing 15.3 % 18.9 % Percentage-of-completion 6.1 % 3.9 % Total 100.0 % 100.0 %
Schedule of Revenue by Geographic Location	The Company recorded revenue in the quarters ended March 31, 2023 and April 1, 2022 as follows: For the Quarter Ended: March 31, 2023 April 1, 2022 Year-over-Year (amounts in thousands) North America 48.4 % $ 37,859 51.7 % $ 46,262 ( 18.2 )% Europe 51.6 % 40,343 48.3 % 43,155 ( 6.5 )% Total 100.0 % $ 78,202 100.0 % $ 89,417 ( 12.5 )%
Schedule of Property, Equipment and Capitalized Software	Property, equipment and capitalized software at March 31, 2023 and December 31, 2022 were recorded as follows: (amounts in thousands) March 31, 2023 December 31, 2022 Property, equipment and capitalized software $ 15,541 $ 15,086 Accumulated depreciation and amortization ( 10,105 ) ( 10,025 ) Property, equipment and capitalized software, net $ 5,436 $ 5,061
Schedule of Capitalized Software Costs	The Company capitalizes software projects developed for commercial use. The change in the Company’s capitalized software cost balance during the quarters ended March 31, 2023 and April 1, 2022 was as follows: For the Quarter Ended (amounts in thousands) March 31, 2023 April 1, 2022 Capitalized software, beginning balance $ 1,484 $ 1,607 Foreign currency translation 24 ( 34 ) Capitalized software $ 1,508 $ 1,573
Schedule of Amortization Expense and Accumulated Amortization	Amortization expense and accumulated amortization for these projects for the quarters ended March 31, 2023 and April 1, 2022 are as follows: For the Quarter Ended (amounts in thousands) March 31, 2023 April 1, 2022 Accumulated amortization, beginning balance $ 1,232 $ 978 Amortization expense 83 72 Accumulated amortization $ 1,315 $ 1,050
Summary of Changes in Carrying Amount of Goodwill and Goodwill by Segment	The changes in the carrying amount of goodwill for the quarter ended March 31, 2023 are as follows: (amounts in thousands) Balance at December 31, 2022 $ 35,998 Acquisitions ( 82 ) Foreign currency translation 313 Balance at March 31, 2023 $ 36,229 The Company's goodwill by segment at March 31, 2023 and December 31, 2022 was as follows: (amounts in thousands) March 31, 2023 December 31, 2022 North America IT Solutions and Services $ 18,673 $ 18,753 Europe IT Solutions and Services 17,556 17,245 Total goodwill $ 36,229 $ 35,998
Summary of Acquired Intangible Assets	Acquired intangible assets at March 31, 2023 consist of the following: (amounts in thousands) Estimated Gross Carrying Amount Accumulated Amortization Foreign Currency Translation Net Carrying Amount Trademarks 2 years $ 1,532 $ ( 1,403 ) $ ( 129 ) $ — Technology 10 years 1,141 ( 205 ) ( 17 ) 919 Customer relationships 7 - 13 years 17,196 ( 4,483 ) ( 1,003 ) 11,710 Total $ 19,869 $ ( 6,091 ) $ ( 1,149 ) $ 12,629 Acquired intangible assets at December 31, 2022 consist of the following: (amounts in thousands) Estimated Gross Carrying Amount Accumulated Amortization Foreign Currency Translation Net Carrying Amount Trademarks 2 years $ 1,532 $ ( 1,380 ) $ ( 152 ) $ — Technology 10 years 1,141 ( 161 ) ( 23 ) 957 Customer relationships 7 - 13 years 17,196 ( 4,053 ) ( 1,157 ) 11,986 Total $ 19,869 $ ( 5,594 ) $ ( 1,332 ) $ 12,943
Summary of Estimated Amortization Expense	Estimated amortization expense for the remainder of 2023, the five succeeding years, and thereafter is as follows: Year Annual Amortization (amounts in thousands) 2023 (remaining) $ 1,280 2024 1,707 2025 1,707 2026 1,707 2027 1,299 2028 1,218 Thereafter 3,711 Total $ 12,629

Acquisitions (Tables)

Acquisitions (Tables) - Eleviant Technologies, Inc. ("Eleviant") [Member]	3 Months Ended
	Mar. 31, 2023
Business Acquisition [Line Items]
Summary of Acquisition Date Fair Value of Consideration	The acquisition fair value of the consideration for the acquisition of Eleviant consisted of the following as of September 29, 2022: (amounts in thousands) Cash consideration $ 17,382 Share issuance 1,178 Stock option issuance - 3 month vest 166 Stock option issuance - 12 month vest 225 Working capital adjustment ( 82 ) Fair value of contingent consideration 4,000 Fair value of purchase consideration $ 22,869
Summary of Allocation of Aggregate Purchase Consideration to Fair Values of Assets Acquired and Liabilities Assumed	The following table summarizes the allocation of the aggregate purchase price consideration to the fair value of the assets acquired and liabilities assumed as of September 29, 2022: (amounts in thousands) Assets Acquired: Cash $ 755 Accounts receivable 1,605 Prepaids and other current assets 178 Property and equipment, net 437 Taxes receivable 48 Acquired intangibles 7,250 Goodwill 17,357 Total assets acquired $ 27,630 Liabilities Assumed: Accounts payable $ 492 Short-term debt 601 Accrued compensation 355 Other current liabilities 205 Long-term debt 982 Deferred compensation benefits 324 Deferred tax liability 1,802 Total liabilities assumed $ 4,761 Net assets acquired $ 22,869
Summary of Intangible Assets Acquired	The intangible assets acquired in this acquisition consisted of the following: (amounts in thousands) Fair Value Estimated Useful Life Technology $ 550 10 years Customer relationships 6,700 10 years Fair value of purchase consideration $ 7,250

Net Income Per Share (Tables)

Net Income Per Share (Tables)	3 Months Ended
	Mar. 31, 2023
Earnings Per Share [Abstract]
Basic and Diluted Earning Per Share (EPS)	Basic and diluted earnings per share (EPS) for the quarters ended March 31, 2023 and April 1, 2022 were as follows: For the Quarter Ended (amounts in thousands, except per-share data) March 31, 2023 April 1, 2022 Weighted-average number of shares outstanding 14,704 14,199 Common stock equivalents from incremental shares 643 778 Number of shares on which diluted earnings 15,347 14,977 Net income $ 315 $ 2,240 Net income per share Basic $ 0.02 $ 0.16 Diluted $ 0.02 $ 0.15

Lease Commitments (Tables)

Lease Commitments (Tables)	3 Months Ended
	Mar. 31, 2023
Leases [Abstract]
Summary of Lease Costs, Weighted Average Remaining Lease Term, Discount Rate and Supplemental Cash Flow Information for All Operating Leases	Lease costs for the quarters ended March 31, 2023 and April 1, 2022 were as follows: For the Quarter Ended (amounts in thousands) March 31, 2023 April 1, 2022 Operating lease costs $ 1,815 $ 1,821 Variable lease costs 104 89 Short-term lease costs 124 101 The weighted average remaining lease terms and discount rates for all operating leases as of March 31, 2023 and April 1, 2022 were as follows: March 31, 2023 April 1, 2022 Weighted average remaining lease term (years) 5.26 5.89 Weighted average remaining discount rate 4.26 % 2.12 % Supplemental cash flow information related to the Company’s operating leases for the first quarter of 2023 is as follows: (amounts in thousands) March 31, 2023 Cash paid for amounts included in the measurement of lease liabilities: Operating cash outflow from operating leases $ 1,815 Right-of-use assets obtained in exchange for new operating lease liabilities 1,061
Summary of Maturities of Lease Liabilities for Operating Liabilities	Maturities for the Company’s lease liabilities for all operating leases as of March 31, 2023 are as follows: Total Year Operating Leases (amounts in thousands) 2023 (remaining) $ 4,731 2024 4,812 2025 3,609 2026 2,531 2027 1,433 2028 & thereafter 3,810 Total undiscounted operating lease payments 20,926 Less: Interest ( 2,442 ) Total present value of operating lease liabilities $ 18,484

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Loss (Tables)	3 Months Ended
	Mar. 31, 2023
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Schedule of Accumulated Other Comprehensive Loss	The components that make up accumulated other comprehensive loss on the condensed consolidated balance sheets at March 31, 2023 and December 31, 2022 are as follows: (amounts in thousands) March 31, 2023 December 31, 2022 Foreign currency translation adjustment $ ( 10,049 ) $ ( 10,993 ) Pension loss, net of tax of $ 739 in 2023 and $ 755 in 2022 ( 4,269 ) ( 4,313 ) Accumulated other comprehensive loss $ ( 14,318 ) $ ( 15,306 )
Schedule of Actuarial Losses Amortized to Expense	During the 2023 and 2022 first quarters, actuarial losses were amortized to expense as follows: For the Quarter Ended (amounts in thousands) March 31, 2023 April 1, 2022 Amortization of actuarial losses $ 106 $ 130 Income tax ( 24 ) ( 21 ) Net of tax $ 82 $ 109

Deferred Compensation and Oth_2

Deferred Compensation and Other Benefits (Tables)	3 Months Ended
	Mar. 31, 2023
Retirement Benefits [Abstract]
Schedule of Net Periodic Pension Cost	Net periodic pension cost for the quarters ended March 31, 2023 and April 1, 2022 for the plans is as follows: For the Quarter Ended (amounts in thousands) March 31, 2023 April 1, 2022 Service cost $ 90 $ 109 Interest cost 239 89 Expected return on assets ( 167 ) ( 170 ) Amortization of actuarial loss 106 131 Net periodic pension cost $ 268 $ 159
Schedule of Change in Fair Value of Plan Assets	The change in the fair value of plan assets for the plans for the quarters ended March 31, 2023 and April 1, 2022 was as follows: For the Quarter Ended (amounts in thousands) March 31, 2023 April 1, 2022 Fair value of plan assets at beginning of period $ 19,723 $ 19,956 Return on plan assets 167 170 Contributions 313 295 Benefits paid ( 218 ) ( 258 ) Effect of exchange rate changes 334 ( 486 ) Fair value of plan assets at end of quarter $ 20,319 $ 19,677

Segment Information (Tables)

Segment Information (Tables)	3 Months Ended
	Mar. 31, 2023
Segment Reporting [Abstract]
Schedule of Operating Segments	The operating results for the Company’s segments for the quarters ended March 31, 2023 and April 1, 2022 were as follows: Quarter Ended March 31, 2023 North America IT Europe IT Non-Strategic (amounts in thousands) Solutions & Services Solutions & Services Technology Services Total Revenue $ 23,196 $ 40,093 $ 14,913 Direct costs 14,212 30,769 13,086 Gross profit 8,984 9,324 1,827 Sales, solutions, delivery, and recruiting expenses 4,797 5,052 363 Contribution profit $ 4,187 $ 4,272 $ 1,464 9,923 General and administrative expenses 9,216 Operating income $ 707 Quarter Ended April 1, 2022 North America IT Europe IT Non-Strategic (amounts in thousands) Solutions & Services Solutions & Services Technology Services Total Revenue $ 20,435 $ 42,478 $ 26,504 Direct costs 13,573 31,998 23,251 Gross profit 6,862 10,480 3,253 Sales, solutions, delivery, and recruiting expenses 3,130 5,229 810 Contribution profit $ 3,732 $ 5,251 $ 2,443 11,426 General and administrative expenses 8,227 Operating income $ 3,199
Schedule of Goodwill by Segment	The Company's goodwill by segment at March 31, 2023 and December 31, 2022 was as follows: (amounts in thousands) March 31, 2023 December 31, 2022 North America IT Solutions and Services $ 18,673 $ 18,753 Europe IT Solutions and Services 17,556 17,245 Total goodwill $ 36,229 $ 35,998

Financial Statements - Addition

Financial Statements - Additional Information (Details)	3 Months Ended
	Mar. 31, 2023	Apr. 01, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Billable days	64 days	65 days

Summary of Significant Accoun_4

Summary of Significant Accounting Policies - Basis of Presentation and Consolidation (Details)	3 Months Ended
	Mar. 31, 2023 Market Segment
Accounting Policies [Abstract]
Number of operating segments | Segment	3
Number of vertical market focus areas | Market	5

Summary of Significant Accoun_5

Summary of Significant Accounting Policies - Summary of Segment Revenue (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Apr. 01, 2022
Product Information [Line Items]
Revenue	$ 78,202	$ 89,417
Product Concentration Risk [Member] | Sales Revenue, Services, Net [Member]
Product Information [Line Items]
Revenue, percent	100%	100%
Revenue	$ 78,202	$ 89,417
Year-over-Year Change	(12.50%)
Product Concentration Risk [Member] | Sales Revenue, Services, Net [Member] | North America IT Solutions and Services [Member]
Product Information [Line Items]
Revenue, percent	29.60%	22.90%
Revenue	$ 23,196	$ 20,435
Year-over-Year Change	13.50%
Product Concentration Risk [Member] | Sales Revenue, Services, Net [Member] | Europe IT Solutions and Services [Member]
Product Information [Line Items]
Revenue, percent	51.30%	47.50%
Revenue	$ 40,093	$ 42,478
Year-over-Year Change	(5.60%)
Product Concentration Risk [Member] | Sales Revenue, Services, Net [Member] | Non-Strategic Technology Services [Member]
Product Information [Line Items]
Revenue, percent	19.10%	29.60%
Revenue	$ 14,913	$ 26,504
Year-over-Year Change	(43.70%)

Summary of Significant Accoun_6

Summary of Significant Accounting Policies - Revenue by Vertical Market as Percentage of Total Revenue (Details) - Customer Concentration Risk [Member] - Sales Revenue, Services, Net [Member]	3 Months Ended
	Mar. 31, 2023	Apr. 01, 2022
Concentration Risk [Line Items]
Total revenue	100%	100%
Technology Service Providers [Member]
Concentration Risk [Line Items]
Total revenue	16.10%	23.80%
Manufacturing [Member]
Concentration Risk [Line Items]
Total revenue	16.40%	13.90%
Financial Services [Member]
Concentration Risk [Line Items]
Total revenue	17.40%	16.50%
Energy [Member]
Concentration Risk [Line Items]
Total revenue	6.30%	5.30%
General Markets [Member]
Concentration Risk [Line Items]
Total revenue	25.10%	23.10%
Healthcare [Member]
Concentration Risk [Line Items]
Total revenue	18.70%	17.40%

Summary of Significant Accoun_7

Summary of Significant Accounting Policies - Revenue by Contract Type (Details)	3 Months Ended
	Mar. 31, 2023	Apr. 01, 2022
Schedule Of Revenue By Contract Type [Line Items]
Revenue percent	100%	100%
Time-and-material [Member]
Schedule Of Revenue By Contract Type [Line Items]
Revenue percent	78.60%	77.20%
Progress Billing [Member]
Schedule Of Revenue By Contract Type [Line Items]
Revenue percent	15.30%	18.90%
Percentage-of-completion [Member]
Schedule Of Revenue By Contract Type [Line Items]
Revenue percent	6.10%	3.90%

Summary of Significant Accoun_8

Summary of Significant Accounting Policies - Schedule of Revenue by Geographic Location (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Apr. 01, 2022
Revenues [Line Items]
Revenue	$ 78,202	$ 89,417
Sales Revenue, Services, Net [Member] | Geographic Concentration Risk
Revenues [Line Items]
Revenue, percent	100%	100%
Revenue	$ 78,202	$ 89,417
Year-over-Year Change	(12.50%)
North America [Member] | Sales Revenue, Services, Net [Member] | Geographic Concentration Risk
Revenues [Line Items]
Revenue, percent	48.40%	51.70%
Revenue	$ 37,859	$ 46,262
Year-over-Year Change	(18.20%)
Europe [Member] | Sales Revenue, Services, Net [Member] | Geographic Concentration Risk
Revenues [Line Items]
Revenue, percent	51.60%	48.30%
Revenue	$ 40,343	$ 43,155
Year-over-Year Change	(6.50%)

Summary of Significant Accoun_9

Summary of Significant Accounting Policies - Transaction Price Allocated to Remaining Performance Obligations (Details 1) $ in Millions	Mar. 31, 2023 USD ($)
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date: 2023-04-01
Revenue Remaining Performance Obligation Expected Timing Of Satisfaction [Line Items]
Revenue, remaining performance obligation	$ 38.1
Revenue, remaining performance obligation, expected timing of satisfaction, period	9 months
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date: 2024-01-01
Revenue Remaining Performance Obligation Expected Timing Of Satisfaction [Line Items]
Revenue, remaining performance obligation	$ 24.8
Revenue, remaining performance obligation, expected timing of satisfaction, period	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date: 2025-01-01
Revenue Remaining Performance Obligation Expected Timing Of Satisfaction [Line Items]
Revenue, remaining performance obligation, expected timing of satisfaction, period

Summary of Significant Accou_10

Summary of Significant Accounting Policies - Transaction Price Allocated to Remaining Performance Obligations (Details) $ in Millions	Mar. 31, 2023 USD ($)
Fixed-price [Member]
Revenue Remaining Performance Obligation Expected Timing Of Satisfaction [Line Items]
Revenue, remaining performance obligation	$ 7.3
Managed-support Contracts [Member]
Revenue Remaining Performance Obligation Expected Timing Of Satisfaction [Line Items]
Revenue, remaining performance obligation	$ 55.6

Summary of Significant Accou_11

Summary of Significant Accounting Policies - Fair Value (Details) - USD ($) $ in Thousands		3 Months Ended
	Sep. 29, 2022	Mar. 31, 2023	Dec. 31, 2022	Sep. 30, 2022
Business Acquisition [Line Items]
Cash and cash equivalents		$ 23,300	$ 25,140
Eleviant Technologies, Inc. ("Eleviant") [Member]
Business Acquisition [Line Items]
Business acquisition, percentage acquired	100%			100%
Number of period combined target	2 years
Earn-out contingency liability, basis for amount		The Company has recorded a contingent consideration liability related to the earn-out provision of which a portion will be payable in each period subject to the achievement by Eleviant of revenue and gross profit targets for fiscal 2022, 2023 and 2024. There is no payout if the achievements are below the target threshold. However, in subsequent years, if the preceding year’s targets were not met, an earn-out can be earned for both years if the combined total for gross profit or revenue for the two years exceeds the combined two-year targets. The fair value of the contingent consideration as of March 31, 2023 was $4.0 million.
Fair value of contingent consideration	$ 4,000	$ 4,000

Summary of Significant Accou_12

Summary of Significant Accounting Policies - Life Insurance Policies (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2023 USD ($) Individual	Dec. 31, 2022 USD ($)
Supplementary Information For Corporate Owned Life Insurance [Line Items]
Number of former employees covered under insurance policies | Individual	16
Average age of former employees covered under insurance policies	79 years
Gross cash surrender values of life insurance	$ 29,700	$ 29,500
Loans on cash surrender value	26,400	26,000
Net cash surrender values of life insurance	3,971	4,120
Gross death benefit of life insurance contracts	37,000	37,000
Life insurance proceeds to be received upon the death of participants	10,300
Casualty Events [Member]
Supplementary Information For Corporate Owned Life Insurance [Line Items]
Expected non-taxable life insurance gain upon death of participants	6,900
Non-Qualified Defined Benefit Executive Supplemental Benefit Plan [Member]
Supplementary Information For Corporate Owned Life Insurance [Line Items]
Net cash surrender values of life insurance	$ 3,300	$ 3,500

Summary of Significant Accou_13

Summary of Significant Accounting Policies - Cash and Cash Equivalents, and Cash Overdrafts (Details) - USD ($)	Mar. 31, 2023	Dec. 31, 2022
Maximum [Member]
Cash, FDIC insurable limit	$ 250,000	$ 250,000

Summary of Significant Accou_14

Summary of Significant Accounting Policies - Accounts Receivable Factoring (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Apr. 01, 2022
Accounts Notes And Loans Receivable [Line Items]
Cost of services	$ 58,067	$ 68,822
Trade Accounts Receivable [Member]
Accounts Notes And Loans Receivable [Line Items]
Cost of services	100
Trade Accounts Receivable [Member] | Maximum [Member]
Accounts Notes And Loans Receivable [Line Items]
Cost of services		100
Trade Accounts Receivable [Member] | Factoring Agreement [Member]
Accounts Notes And Loans Receivable [Line Items]
Accounts Receivable, Sold	$ 10,400	$ 4,500

Summary of Significant Accou_15

Summary of Significant Accounting Policies - Schedule of Property, Equipment and Capitalized Software (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Property, Plant and Equipment, Net, by Type [Abstract]
Property, equipment and capitalized software	$ 15,541	$ 15,086
Accumulated depreciation and amortization	(10,105)	(10,025)
Property, equipment and capitalized software, net	$ 5,436	$ 5,061

Summary of Significant Accou_16

Summary of Significant Accounting Policies - Schedule of Capitalized Software Costs (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Apr. 01, 2022
Capitalized Software Cost [Abstract]
Capitalized software, beginning balance	$ 1,484	$ 1,607
Foreign currency translation	24	(34)
Capitalized software, ending balance	$ 1,508	$ 1,573

Summary of Significant Accou_17

Summary of Significant Accounting Policies - Property, Equipment and Capitalized Software Costs - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Dec. 31, 2022	Apr. 01, 2022	Dec. 31, 2021
Property Plant And Equipment [Line Items]
Capitalized costs	$ 1,508	$ 1,484	$ 1,573	$ 1,607
Software Development
Property Plant And Equipment [Line Items]
Capitalized costs	$ 200
Software Development | Minimum [Member]
Property Plant And Equipment [Line Items]
Property, equipment and capitalized software, useful life	3 years
Software Development | Maximum [Member]
Property Plant And Equipment [Line Items]
Property, equipment and capitalized software, useful life	5 years

Summary of Significant Accou_18

Summary of Significant Accounting Policies - Schedule of Amortization Expense and Accumulated Amortization (Details) - Software Development - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Apr. 01, 2022
Property Plant And Equipment [Line Items]
Accumulated amortization, beginning balance	$ 1,232	$ 978
Amortization expense	83	72
Accumulated amortization, ending balance	$ 1,315	$ 1,050

Summary of Significant Accou_19

Summary of Significant Accounting Policies - Guarantees (Details) - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Mar. 31, 2023	Dec. 31, 2022
Accounting Policies [Abstract]
Current carrying value of guarantees	$ 1.3	$ 3
Guarantor obligations, term	April 2023 through October 2034	April 2023 through October 2034

Summary of Significant Accou_20

Summary of Significant Accounting Policies - Goodwill (Details) - Indicator	3 Months Ended
	Mar. 31, 2023	Apr. 01, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill impairment indicators	0	0

Summary of Significant Accou_21

Summary of Significant Accounting Policies - Summary of Changes in Carrying Amount of Goodwill (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2023 USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
Balance at December 31, 2022	$ 35,998
Acquisitions	(82)
Foreign currency translation	313
Balance at March 31, 2023	$ 36,229

Summary of Significant Accou_22

Summary of Significant Accounting Policies - Summary of Goodwill by Segment (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Goodwill [Line Items]
Goodwill	$ 36,229	$ 35,998
North America IT Solutions and Services Segment [Member]
Goodwill [Line Items]
Goodwill	18,673	18,753
Europe IT Solutions and Services Segment [Member]
Goodwill [Line Items]
Goodwill	$ 17,556	$ 17,245

Summary of Significant Accou_23

Summary of Significant Accounting Policies - Summary of Acquired Intangible Assets (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2023	Dec. 31, 2022
Acquired Finite Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 19,869	$ 19,869
Accumulated Amortization	(6,091)	(5,594)
Foreign Currency Translation	(1,149)	(1,332)
Net Carrying Amount	$ 12,629	$ 12,943
Trademarks [Member]
Acquired Finite Lived Intangible Assets [Line Items]
Estimated Economic Life	2 years	2 years
Gross Carrying Amount	$ 1,532	$ 1,532
Accumulated Amortization	(1,403)	(1,380)
Foreign Currency Translation	$ (129)	$ (152)
Technology [Member]
Acquired Finite Lived Intangible Assets [Line Items]
Estimated Economic Life	10 years	10 years
Gross Carrying Amount	$ 1,141	$ 1,141
Accumulated Amortization	(205)	(161)
Foreign Currency Translation	(17)	(23)
Net Carrying Amount	919	957
Customer Relationships [Member]
Acquired Finite Lived Intangible Assets [Line Items]
Gross Carrying Amount	17,196	17,196
Accumulated Amortization	(4,483)	(4,053)
Foreign Currency Translation	(1,003)	(1,157)
Net Carrying Amount	$ 11,710	$ 11,986
Customer Relationships [Member] | Minimum [Member]
Acquired Finite Lived Intangible Assets [Line Items]
Estimated Economic Life	7 years	7 years
Customer Relationships [Member] | Maximum [Member]
Acquired Finite Lived Intangible Assets [Line Items]
Estimated Economic Life	13 years	13 years

Summary of Significant Accou_24

Summary of Significant Accounting Policies - Summary of Estimated Amortization Expense (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Finite-Lived Intangible Assets, Net, Amortization Expense, Fiscal Year Maturity [Abstract]
2023 (remaining)	$ 1,280
2024	1,707
2025	1,707
2026	1,707
2027	1,299
2028	1,218
Thereafter	3,711
Total	$ 12,629	$ 12,943

Acquisitions - Additional Infor

Acquisitions - Additional Information (Details) - USD ($)		3 Months Ended
	Sep. 29, 2022	Jun. 30, 2023	Mar. 31, 2023	Sep. 30, 2022
Business Acquisition [Line Items]
Business combination cash on hand			$ (82,000)
Eleviant Technologies, Inc. ("Eleviant") [Member]
Business Acquisition [Line Items]
Business acquisition, percentage acquired	100%			100%
Payments to acquire business	$ 17,382,000
Business combination, acquired equity amount including cash on hand	$ 19,000,000
Number of common shares issued	173,802
Business combination common stock value	$ 1,200,000
Business combination of gross profit or revenue achieved targets	10,000
Business combination of additional target earned	$ 2,000
Number of period combined target	2 years
Earn-out contingency liability	$ 5,000,000
Earn-out contingency liability, basis for amount			The Company has recorded a contingent consideration liability related to the earn-out provision of which a portion will be payable in each period subject to the achievement by Eleviant of revenue and gross profit targets for fiscal 2022, 2023 and 2024. There is no payout if the achievements are below the target threshold. However, in subsequent years, if the preceding year’s targets were not met, an earn-out can be earned for both years if the combined total for gross profit or revenue for the two years exceeds the combined two-year targets. The fair value of the contingent consideration as of March 31, 2023 was $4.0 million.
Fair value of the remaining contingent consideration liability			$ 4,000,000
Fair value of the remaining contingent consideration liability	4,000,000
Working capital adjustment	82,000		100,000
Acquired intangibles	$ 7,250,000
Eleviant Technologies, Inc. ("Eleviant") [Member] | Scenario Forecast
Business Acquisition [Line Items]
Earn-out contingency liability		$ 900,000
Eleviant Technologies, Inc. ("Eleviant") [Member] | Other Current Liabilities
Business Acquisition [Line Items]
Fair value of the remaining contingent consideration liability			2,500,000
Eleviant Technologies, Inc. ("Eleviant") [Member] | Other Long-term Liabilities
Business Acquisition [Line Items]
Fair value of the remaining contingent consideration liability			1,500,000
Eleviant Technologies, Inc. ("Eleviant") [Member] | Selling, General and Administrative Expenses [Member]
Business Acquisition [Line Items]
Business acquisition related expenses related to retention bonuses and amortization of intangible assets			$ 400,000
Eleviant Technologies, Inc. ("Eleviant") [Member] | 2020 Equity Award plan [Member]
Business Acquisition [Line Items]
Number of common shares issued	200,000
Business combination common stock value	$ 400,000

Acquisitions - Summary of Acqui

Acquisitions - Summary of Acquisition Date Fair Value of Consideration (Details) - Eleviant Technologies, Inc. ("Eleviant") [Member] - USD ($) $ in Thousands		3 Months Ended
	Sep. 29, 2022	Mar. 31, 2023
Business Acquisition [Line Items]
Cash consideration	$ 17,382
Share issuance	1,178
Working capital adjustment	(82)	$ (100)
Fair value of contingent consideration	4,000	$ 4,000
Fair value of purchase consideration	22,869
3-month vest
Business Acquisition [Line Items]
Stock option issuance	166
12-month vest
Business Acquisition [Line Items]
Stock option issuance	$ 225

Acquisitions - Summary of Aggre

Acquisitions - Summary of Aggregate Purchase Consideration to Fair Values of Assets Acquired & Liabilities Assumed (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022	Sep. 29, 2022
Assets Acquired:
Goodwill	$ 36,229	$ 35,998
Eleviant Technologies, Inc. ("Eleviant") [Member]
Assets Acquired:
Cash			$ 755
Accounts receivable			1,605
Prepaids and other current assets			178
Property and equipment, net			437
Taxes receivable			48
Acquired intangibles			7,250
Goodwill			17,357
Total assets acquired			27,630
Liabilities Assumed:
Accounts payable			492
Short-term debt			601
Accrued compensation			355
Other current liabilities			205
Long-term debt			982
Deferred compensation benefits			324
Deferred tax liability			1,802
Total liabilities assumed			4,761
Net assets acquired			$ 22,869

Acquisitions - Summary of Intan

Acquisitions - Summary of Intangible Assets Acquired (Details) - Eleviant Technologies, Inc. ("Eleviant") [Member] $ in Thousands	Sep. 29, 2022 USD ($)
Business Acquisition [Line Items]
Fair value of purchase consideration	$ 7,250
Technology [Member]
Business Acquisition [Line Items]
Fair value of purchase consideration	$ 550
Estimated Economic Life	10 years
Customer Relationships [Member]
Business Acquisition [Line Items]
Fair value of purchase consideration	$ 6,700
Estimated Economic Life	10 years

Net Income Per Share - Schedule

Net Income Per Share - Schedule of Basic and Diluted Earnings Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2023	Apr. 01, 2022
Earnings Per Share [Abstract]
Weighted-average number of shares outstanding during period	14,704	14,199
Common stock equivalents from incremental shares under equity-based compensation plans	643	778
Number of shares on which diluted earnings per share is based	15,347	14,977
Net income	$ 315	$ 2,240
Net income per share, basic	$ 0.02	$ 0.16
Net income per share, diluted	$ 0.02	$ 0.15

Net Income Per Share - Addition

Net Income Per Share - Additional Information (Details) - shares shares in Millions	3 Months Ended
	Mar. 31, 2023	Apr. 01, 2022
Employee Stock Option [Member]
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Antidilutive securities not included in the computation of earnings per share	0.8	0.5

Lease Commitments - Additional

Lease Commitments - Additional Information (Details) $ in Millions	3 Months Ended
	Mar. 31, 2023 USD ($)
Leases [Abstract]
Maximum potential payment increase	5%
Legally binding lease payments	$ 0.8

Lease Commitments - Summary of

Lease Commitments - Summary of Lease Costs (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Apr. 01, 2022
Leases [Abstract]
Operating lease costs	$ 1,815	$ 1,821
Variable lease costs	104	89
Short-term lease costs	$ 124	$ 101

Lease Commitments - Summary o_2

Lease Commitments - Summary of Maturities of Lease Liabilities for Operating Liabilities (Details) $ in Thousands	Mar. 31, 2023 USD ($)
Lessee, Operating Lease, Liability, to be Paid [Abstract]
2023 (remaining)	$ 4,731
2024	4,812
2025	3,609
2026	2,531
2027	1,433
2028 & thereafter	3,810
Total undiscounted operating lease payments	20,926
Less: Interest	(2,442)
Total present value of operating lease liabilities	$ 18,484

Lease Commitments - Summary o_3

Lease Commitments - Summary of Weighted Average Remaining Lease Term, Discount Rate and Supplemental Cash Flow Information for All Operating Leases (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Apr. 01, 2022
Lease, Cost [Abstract]
Weighted average remaining lease term (years)	5 years 3 months 3 days	5 years 10 months 20 days
Weighted average remaining discount rate	4.26%	2.12%
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash outflow from operating leases	$ 1,815
Right-of-use assets obtained in exchange for new operating lease liabilities	$ 1,061

Debt - Additional Information (

Debt - Additional Information (Details) - USD ($)	3 Months Ended
	Mar. 31, 2023	Apr. 01, 2022	Dec. 31, 2022
Line of Credit Facility [Line Items]
Long-term debt	$ 1,400,000		$ 0
Maximum amount outstanding	3,400,000	$ 0
Average amount outstanding	$ 400,000	$ 0
Weighted-average interest rate	8.40%
Debt covenants, Maximum leverage ratio	1%
Debt covenants threshold limit to test fixed charge coverage ratio	$ 5,000,000
Total available borrowings	$ 38,700,000
Excess percentage available for total available borrowings	12.50%
Minimum [Member] | SOFR [Member]
Line of Credit Facility [Line Items]
Basis spread on variable rate	1.50%
Minimum [Member] | Adjusted London Interbank Offered Rate L I B O R
Line of Credit Facility [Line Items]
Basis spread on variable rate	0.50%
Maximum [Member]
Line of Credit Facility [Line Items]
Commitment fees	$ 50,000,000
Fixed Charge Coverage Ratio	0.125
Maximum [Member] | SOFR [Member]
Line of Credit Facility [Line Items]
Basis spread on variable rate	2%
Maximum [Member] | Adjusted London Interbank Offered Rate L I B O R
Line of Credit Facility [Line Items]
Basis spread on variable rate	1%
Credit and Security Agreement [Member]
Line of Credit Facility [Line Items]
Revolving credit facility, term	5 years
Line of Credit Facility, Maximum Borrowing Capacity	$ 50,000,000
Line of credit facility, expiration date	2026-05
Line of credit, outstanding amount	$ 100,000
Credit and Security Agreement [Member] | Accounts Payable
Line of Credit Facility [Line Items]
Line of credit, interest rate outstanding	8.25%

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Loss - Schedule of Accumulated Other Comprehensive Loss (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Foreign currency translation adjustment	$ (10,049)	$ (10,993)
Pension loss, net of tax of $739 in 2023 and $755 in 2022	(4,269)	(4,313)
Accumulated other comprehensive loss	$ (14,318)	$ (15,306)

Accumulated Other Comprehensi_4

Accumulated Other Comprehensive Loss - Schedule of Accumulated Other Comprehensive Loss (Parenthetical) (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2023	Dec. 31, 2022
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Tax on pension loss	$ 739	$ 755

Accumulated Other Comprehensi_5

Accumulated Other Comprehensive Loss - Schedule of Actuarial Losses Amortized to Expense (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Apr. 01, 2022
Postemployment Benefits [Abstract]
Amortization of actuarial losses	$ 106	$ 130
Income tax	(24)	(21)
Net of tax	$ 82	$ 109

Income Taxes - Additional Infor

Income Taxes - Additional Information (Details)	3 Months Ended
	Mar. 31, 2023	Apr. 01, 2022
Income Tax Disclosure [Abstract]
Effective income tax rate	34%	23.90%

Deferred Compensation and Oth_3

Deferred Compensation and Other Benefits - Additional Information (Details) - USD ($)	3 Months Ended		12 Months Ended
	Mar. 31, 2023	Apr. 01, 2022	Dec. 31, 2022
Deferred Compensation Text Details [Line Items]
Defined contribution plan, cost	$ 100,000	$ 100,000
Employer contributions	313,000	295,000
FDBP [Member]
Deferred Compensation Text Details [Line Items]
Benefit payments			$ 0
Estimated future employer contributions, next year	0
SDBP [Member]
Deferred Compensation Text Details [Line Items]
Benefit payments			0
Estimated future employer contributions, next year	0
IDBP [Member]
Deferred Compensation Text Details [Line Items]
Estimated future employer contributions, next year			$ 0
Estimated future employer contributions, next year	0
ESBP [Member]
Deferred Compensation Text Details [Line Items]
Benefit payments	100,000	100,000
Estimated future employer contributions, next year	$ 500,000
NDBP [Member]
Deferred Compensation Text Details [Line Items]
Targeted minimum return	4%
Guaranteed return	4%
BDBP [Member]
Deferred Compensation Text Details [Line Items]
Estimated future employer contributions, next year	$ 100,000
Benefit plan, employer contributions	200,000	200,000
BDBP [Member] | Maximum [Member]
Deferred Compensation Text Details [Line Items]
Benefit payments	100,000	100,000
Key Employee Non Qualified Deferred Compensation Plan [Member]
Deferred Compensation Text Details [Line Items]
Employer contributions	$ 0	$ 0
Number of stock units purchased	0	0
Non Employee Director Deferred Compensation Plan [Member] | Maximum [Member]
Deferred Compensation Text Details [Line Items]
Employer contributions	$ 100,000	$ 100,000

Deferred Compensation and Oth_4

Deferred Compensation and Other Benefits - Schedule of Net Periodic Pension Cost (Details) - Deferred Compensation and Other Benefits [Member] - Executive Officer [Member] - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Apr. 01, 2022
Defined Benefit Plan Disclosure [Line Items]
Service cost	$ 90	$ 109
Interest cost	$ 239	$ 89
Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Interest Cost, Statement of Income or Comprehensive Income [Extensible Enumeration]	Other Nonoperating Expense	Other Nonoperating Expense
Expected return on assets	$ (167)	$ (170)
Defined Benefit Plan, Net Periodic Benefit (Cost) Credit, Expected Return (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]	Interest and Other Income	Interest and Other Income
Amortization of actuarial loss	$ 106	$ 131
Defined Benefit Plan, Net Periodic Benefit (Cost) Credit, Amortization of Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]	Other Nonoperating Expense	Other Nonoperating Expense
Net periodic pension cost	$ 268	$ 159

Deferred Compensation and Oth_5

Deferred Compensation and Other Benefits - Schedule of Change in Fair Value of Plan Assets (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Apr. 01, 2022
Reconciliation of Fair Value of Plan Assets
Fair value of plan assets at beginning of period	$ 19,723	$ 19,956
Return on plan assets	167	170
Employer contributions	313	295
Benefits paid	(218)	(258)
Effect of exchange rate changes	334	(486)
Fair value of plan assets at end of quarter	$ 20,319	$ 19,677

Equity-based Compensation - Add

Equity-based Compensation - Additional Information (Details) - $ / shares			3 Months Ended
	Mar. 17, 2023	Mar. 18, 2022	Mar. 31, 2023	Apr. 01, 2022
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Restricted stock and stock units, granted			213,022	151,556
Employee Stock Option [Member] | 2020 Equity Award plan [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Stock options granted	168,136	134,790
Stock options granted, fair value	$ 3.05	$ 3.14
Stock option vest, fair value	$ 7.75	$ 9.12
Expected term	4 years 3 months 18 days	3 years 4 months 24 days
Expected volatility	43.20%	44.60%
Expected dividend yield	0%	0%
Risk-free rate of return	3.40%	2.10%
Performance Shares [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Restricted stock and stock units, granted			132,340	92,815
Percentage of performance conditions need to be met in order for the shares to vest			80%	80%
Award vesting period expiration date			Dec. 31, 2025	Dec. 31, 2024
Performance Conditions			Of the shares granted in the 2023 first quarter, 198,507 shares were granted to senior management, of which 132,340 shares included a performance condition. The shares will only vest, in part, to senior management if at least 80% of a three-year cumulative target for diluted earnings per share is met for the three-year period ended December 31, 2025. If at least 80% of the three-year EPS target is not met, the grants will expire. Of the shares granted during 2022 first quarter, 139,221 shares were granted to senior management, of which 92,815 shares included a performance condition. The shares will only vest in part, to senior management if at least 80% of a three-year cumulative target for diluted earnings per share is met for the three-year period ended December 31, 2024. If at least 80% of the three-year EPS target is not met, the grants will expire.
Other Shares [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Restricted stock and stock units, granted			0	0
Director Members [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Restricted stock and stock units, granted			14,515	12,335
Vesting period description			The shares vest over the quarter in which they were granted
Senior Management [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Restricted stock and stock units, granted			198,507	139,221

Treasury Stock - Additional Inf

Treasury Stock - Additional Information (Details) - USD ($)	3 Months Ended
	Mar. 31, 2023	Apr. 01, 2022
Equity Class Of Treasury Stock [Line Items]
Treasury stock purchase, shares	0	0
Shares authorized to repurchase, remaining amount	$ 7,700,000	$ 7,700,000
Issued treasury stock, shares	244,602	171,556
Maximum [Member]
Equity Class Of Treasury Stock [Line Items]
Stock repurchase program, authorized amount	$ 30,000,000

Significant Clients - Additiona

Significant Clients - Additional Information (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2023 USD ($) Client	Apr. 01, 2022 USD ($) Client	Dec. 31, 2022 USD ($)
Segment Reporting Information [Line Items]
Accounts receivable, net	$ 71,885		$ 70,979
Number of major client | Client	0	0
IBM [Member]
Segment Reporting Information [Line Items]
Revenue	$ 8,200	$ 16,500
Services agreement expiration date	Oct. 27, 2023
Accounts receivable, net	$ 9,200		$ 14,000
IBM [Member] | Customer Concentration Risk [Member] | Sales Revenue, Services, Net [Member]
Segment Reporting Information [Line Items]
Concentration Risk, Percentage	10.50%	18.50%

Segment Information - Additiona

Segment Information - Additional Information (Details) $ in Millions	3 Months Ended
	Mar. 31, 2023 USD ($) Segment	Apr. 01, 2022 USD ($)
Segment Reporting Information [Line Items]
Number of operating segments | Segment	3
Europe IT Solutions and Services Segment [Member]
Segment Reporting Information [Line Items]
Depreciation	$ 0.2	$ 0.2
North America IT Solutions and Services Segment [Member]
Segment Reporting Information [Line Items]
Depreciation	$ 0.1	0.1
Minimum [Member]
Segment Reporting Information [Line Items]
Percentage of revenue	5%
Maximum [Member] | Non Strategic Technology Services [Member]
Segment Reporting Information [Line Items]
Depreciation	$ 0.1	$ 0.1

Segment Information - Schedule

Segment Information - Schedule of Operating Segments (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Apr. 01, 2022
Segment Reporting Information [Line Items]
Revenue	$ 78,202	$ 89,417
Gross profit	20,135	20,595
Contribution profit	9,923	11,426
General and administrative expenses	9,216	8,227
Operating income	707	3,199
North America IT Solutions and Services Segment [Member]
Segment Reporting Information [Line Items]
Revenue	23,196	20,435
Direct costs	14,212	13,573
Gross profit	8,984	6,862
Sales, solutions, delivery, and recruiting expenses	4,797	3,130
Contribution profit	4,187	3,732
Europe IT Solutions and Services Segment [Member]
Segment Reporting Information [Line Items]
Revenue	40,093	42,478
Direct costs	30,769	31,998
Gross profit	9,324	10,480
Sales, solutions, delivery, and recruiting expenses	5,052	5,229
Contribution profit	4,272	5,251
Non Strategic Technology Services [Member]
Segment Reporting Information [Line Items]
Revenue	14,913	26,504
Direct costs	13,086	23,251
Gross profit	1,827	3,253
Sales, solutions, delivery, and recruiting expenses	363	810
Contribution profit	$ 1,464	$ 2,443

Segment Information - Schedul_2

Segment Information - Schedule of Goodwill by Segment (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Segment Reporting Information [Line Items]
Goodwill	$ 36,229	$ 35,998
North America IT Solutions and Services Segment [Member]
Segment Reporting Information [Line Items]
Goodwill	18,673	18,753
Europe IT Solutions and Services Segment [Member]
Segment Reporting Information [Line Items]
Goodwill	$ 17,556	$ 17,245