Englobal (ENGC) 10-Q 6 Aug 15 2015 Q2 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	6 Months Ended
	Jun. 27, 2015	Aug. 06, 2015
Document and Entity Information [Abstract]
Entity Registrant Name	ENGlobal Corporation
Document Type	10-Q
Current Fiscal Year End Date	--12-26
Entity Common Stock, Shares Outstanding		28,110,743
Amendment Flag	false
Entity Central Index Key	933,738
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Filer Category	Smaller Reporting Company
Entity Well-known Seasoned Issuer	No
Document Period End Date	Jun. 27, 2015
Document Fiscal Year Focus	2,015
Document Fiscal Period Focus	Q2

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 27, 2015	Jun. 28, 2014	Jun. 27, 2015	Jun. 28, 2014
Operating revenues	$ 21,053	$ 27,170	$ 44,155	$ 54,068
Operating costs	16,444	21,380	35,424	42,194
Gross profit	4,609	5,790	8,731	11,874
Selling, general and administrative expenses	3,555	4,246	7,559	8,365
Operating income	1,054	1,544	1,172	3,509
Other income (expense):
Other income (expense), net	26	164	645	123
Interest expense, net	(44)	(11)	(66)	(43)
Income from operations before income taxes	1,036	1,697	1,751	3,589
Provision for federal and state income taxes	60	106	152	181
Net income	$ 976	$ 1,591	$ 1,599	$ 3,408
Basic and diluted income per common share: (in Dollars per share)	$ 0.03	$ 0.06	$ 0.06	$ 0.12
Weighted average shares used in computing earnings per share:
Basic (in Shares)	28,017	27,688	27,950	27,688
Diluted (in Shares)	28,017	27,716	27,950	27,708

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Jun. 27, 2015	Dec. 27, 2014
Current Assets:
Cash and cash equivalents	$ 9,315	$ 6,213
Trade receivables, net of allowances of $1,150 and $1,184	27,310	30,026
Prepaid expenses and other current assets	574	898
Notes receivable	0	2,165
Costs and estimated earnings in excess of billings on uncompleted contracts	4,593	3,546
Total Current Assets	41,792	42,848
Property and equipment, net	2,247	2,074
Goodwill	2,806	2,806
Long-term trade and notes receivable, net of current portion and allowances	0	2,964
Other assets	797	964
Total Assets	47,642	51,656
Current Liabilities:
Accounts payable	3,312	5,855
Accrued compensation and benefits	3,083	3,637
Billings in excess of costs and estimated earnings on uncompleted contracts	8,404	9,832
Other current liabilities	1,547	3,084
Total Current Liabilities	16,346	22,408
Long Term Leases	416	216
Total Liabilities	$ 16,762	$ 22,624
Commitments and Contingencies (Note 9)
Stockholders' Equity:
Common stock - $0.001 par value; 75,000,000 shares authorized; 28,110,743 and 27,732,030 shares outstanding and 29,091,842 and 28,713,129 shares issued at June 27, 2015 and December 27, 2014, respectively	$ 28	$ 28
Additional paid-in capital	39,352	39,103
Accumulated deficit	(6,138)	(7,737)
Treasury stock at cost - 981,099 shares at June 27, 2015 and December 27, 2014	(2,362)	(2,362)
Total Stockholders' Equity	30,880	29,032
Total Liabilities and Stockholders' Equity	$ 47,642	$ 51,656

Condensed Consolidated Balance4

Condensed Consolidated Balance Sheets (Unaudited) (Parentheticals) - USD ($) $ in Thousands	Jun. 27, 2015	Dec. 27, 2014
Trade receivables, allowances (in Dollars)	$ 1,150	$ 1,184
Common stock, par value (in Dollars per share)	$ 0.001	$ 0.001
Common stock, shares authorized	75,000,000	75,000,000
Common stock, shares outstanding	28,110,743	27,732,030
Common stock, shares issued	29,091,842	28,713,129
Treasury stock, shares	981,099	981,099

Condensed Consolidated Stateme5

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	6 Months Ended
	Jun. 27, 2015	Jun. 28, 2014
Cash Flows from Operating Activities:
Net income	$ 1,599	$ 3,408
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	784	1,186
Share-based compensation expense	249	174
Interest income on note receivable, net of reserve	0	(96)
Non cash change in note receivable	(635)	0
Changes in current assets and liabilities:
Trade accounts receivable	2,715	(4,211)
Costs and estimated earnings in excess of billings on uncompleted contracts	(1,047)	(2,365)
Prepaid expenses and other assets	351	553
Accounts payable	(2,544)	298
Accrued compensation and benefits	(554)	532
Billings in excess of costs and estimated earnings on uncompleted contracts	(1,428)	2,068
Income taxes payable	(349)	0
Other liabilities	(1,102)	(783)
Net cash provided by (used in) operating activities	(1,961)	764
Cash Flows from Investing Activities:
Property and equipment acquired	(649)	(714)
Net cash provided by (used in) investing activities	(649)	(714)
Cash Flows from Financing Activities:
Debt issuance costs	(7)	0
Proceeds from Note Receivable	6,083	0
Issuance of common stock from private placement	0	72
Borrowings on capital leases	0	694
Payments on capitalized leases	(364)	(711)
Net cash provided by financing activities	5,712	55
Net change in cash	3,102	105
Cash, at beginning of period	6,213	3,955
Cash, at end of period	9,315	4,060
Supplemental disclosure of cash flow information:
Cash paid during the period for interest	101	135
Cash paid during the period for income taxes (net of refunds)	502	412
Supplemental disclosure of noncash investing activities:
Property and equipment purchased through capital lease assignment	$ 168	$ 0

NOTE 1 - BASIS OF PRESENTATION

NOTE 1 - BASIS OF PRESENTATION	6 Months Ended
	Jun. 27, 2015
Disclosure Text Block [Abstract]
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block]	NOTE 1 – BASIS OF PRESENTATION The condensed consolidated financial statements of ENGlobal Corporation (which may be referred to as "ENGlobal," the "Company," "we," "us," or "our") are prepared in accordance with accounting principles generally accepted in the United States of America. The Company consolidates all of its subsidiaries' financial results, and significant inter-company accounts and transactions have been eliminated in the consolidation. The condensed consolidated financial statements of the Company included herein are unaudited for the three and six month periods ended June 27, 2015 and June 28, 2014, have been prepared from the books and records of the Company pursuant to the rules and regulations of the Securities and Exchange Commission, and in the case of the condensed balance sheet as of December 27, 2014, have been derived from the audited financial statements of the Company. These financial statements reflect all adjustments (consisting of normal recurring adjustments), which are, in the opinion of management, necessary to fairly present the results for the periods presented. Certain information and note disclosures, normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America, have been condensed or omitted pursuant to rules and regulations of the Securities and Exchange Commission. These condensed consolidated financial statements should be read in conjunction with the Company's audited financial statements for the year ended December 27, 2014, included in the Company's 2014 Annual Report on Form 10-K filed with the Securities and Exchange Commission. The Company has assessed subsequent events through the date of filing of these condensed consolidated financial statements with the Securities and Exchange Commission and believes that the disclosures made herein are adequate to make the information presented herein not misleading. A summary of the critical accounting policies is disclosed in Note 2 to the consolidated financial statements included in the Company’s 2014 Annual Report on Form 10-K. The critical accounting policies are further described under the caption “Critical Accounting Policies” in Management's Discussion and Analysis of Financial Condition and Results of Operations in the Company’s 2014 Annual Report on Form 10-K. Each of the quarters are comprised of 13 weeks, which includes two 4-week months and one 5-week month (4-4-5 calendar quarter).

NOTE 2 - NOTES RECEIVABLE

NOTE 2 - NOTES RECEIVABLE	6 Months Ended
	Jun. 27, 2015
Receivables [Abstract]
Loans, Notes, Trade and Other Receivables Disclosure [Text Block]	NOTE 2 – NOTES RECEIVABLE The components of short term and long term notes receivable as of June 27, 2015 and December 27, 2014 are as follows (dollars in thousands): June 27, 2015 December 27, 2014 Aspen $ 514 $ 514 SLE — 448 Steele — 3,365 Furmanite — 4,704 Reserve (514 ) (3,902 ) Total notes receivable — 5,129 Less current portion (net of reserve) — (2,165 ) Notes receivable non-current $ — $ 2,964 The Aspen note bears interest at 6% per annum, was due and payable in September 2011, and is fully reserved. The SLE matter was settled in December 2014 and the related note was extinguished in January 2015. On March 28, 2015, the Steele note was adjusted to its net realizable value and the reserve was eliminated. The note was subsequently collected in the second fiscal quarter on March 30, 2015. The Furmanite notes were two separate four year notes (“Four Year Notes”), respectively dated January 1, 2013 and August 30, 2013, bearing interest at 5% and 4% per annum, payable in annual installments beginning January 1, 2014 and September 1, 2014 and maturing January 2, 2017 and September 1, 2017. On April 21, 2015, the Company and Furmanite finalized a closing working capital adjustment on the 2013 sale of ENGlobal’s Gulf Coast Operations to Furmanite. In connection with the final resolution, ENGlobal agreed to retain certain lease obligations which were originally assigned to Furmanite as part of the 2013 sale and Furmanite agreed to pay ENGlobal $3.6 million to fully extinguish the Four Year Notes, accrued interest, and related Furmanite parent company guarantees. The Four Year Notes were adjusted to their net realizable value at March 28, 2015 and were subsequently collected in April 2015.

NOTE 3 - CONTRACTS

NOTE 3 - CONTRACTS	6 Months Ended
	Jun. 27, 2015
Contractors [Abstract]
Long-term Contracts or Programs Disclosure [Text Block]	NOTE 3 – CONTRACTS Costs, estimated earnings and billings on uncompleted contracts consisted of the following at June 27, 2015 and December 27, 2014: June 27, 2015 December 27, 2014 (dollars in thousands) Costs incurred on uncompleted contracts $ 53,329 $ 52,103 Estimated earnings (losses) on uncompleted contracts 18,871 19,543 Earned revenues 72,200 71,646 Less: billings to date 76,011 77,932 Net costs and estimated earnings in excess of billings on uncompleted contracts $ (3,811 ) $ (6,286 ) Costs and estimated earnings in excess of billings on uncompleted contracts $ 4,593 $ 3,546 Billings in excess of costs and estimated earnings on uncompleted contracts (8,404 ) (9,832 ) Net costs and estimated earnings in excess of billings on uncompleted contracts $ (3,811 ) $ (6,286 ) Revenue on fixed-price contracts is recorded primarily using the percentage-of-completion (cost-to-cost) method. Revenue and gross margin on fixed-price contracts are subject to revision throughout the lives of the contracts and any required adjustments are made in the period in which the revisions become known. To manage unknown risks, management may use contingency amounts to increase the estimated costs, therefore lowering the earned revenues until the risks are better identified and quantified or have been mitigated. The Company currently has $2.5 million in contingency amounts as of June 27, 2015 compared to $2.9 million as of December 27, 2014. Losses on contracts are recorded in full as they are identified. The Company recognizes service revenue as soon as the services are performed. For clients the Company considers higher risk, due to past payment history or history of not providing written work authorizations, the Company has deferred revenue recognition until the Company receives written authorization or a payment. There is less than $0.01 million of revenue deferred as of June 27, 2015 compared to $0.3 million as of December 27, 2014.

NOTE 4 - LINE OF CREDIT AND LET

NOTE 4 - LINE OF CREDIT AND LETTER OF CREDIT FACILITIES	6 Months Ended
	Jun. 27, 2015
Debt Disclosure [Abstract]
Debt Disclosure [Text Block]	NOTE 4 – LINE OF CREDIT AND LETTER OF CREDIT FACILITIES Line of Credit Facility On September 16, 2014, the Company entered into a three year Loan and Security Agreement (“Loan Agreement”) with Regions Bank (“Lender”) pursuant to which the Lender agreed to extend credit to the Company in the form of revolving loans of up to the lesser of $10.0 million (the "Commitment") or the Borrowing Base (as defined in the Loan Agreement). The Loan Agreement includes a sub-facility for standby and / or trade letters of credit up to an amount not to exceed $2.5 million. On April 16, 2015, the Company entered into the First Amendment to the Loan Agreement with the Lender in order to, among other things, permit the Company to repurchase up to $2 million of the Company’s common stock pursuant to the Company’s announced stock repurchase program. See “Note 8 – Credit Facilities” of the Company’s 2014 Annual Report on Form 10-K for a description of the material terms of the Loan Agreement and the Current Report on Form 8-K filed with the SEC on April 21, 2015 for a description of the material terms of the First Amendment to the Loan Agreement. There were no loans outstanding under, and the Company was in compliance with all of the material covenants of, the Loan Agreement as of June 27, 2015. See Note 7 for further detail regarding the Stock Repurchase Program.

NOTE 5 - SEGMENT INFORMATION

NOTE 5 - SEGMENT INFORMATION	6 Months Ended
	Jun. 27, 2015
Segment Reporting [Abstract]
Segment Reporting Disclosure [Text Block]	NOTE 5 – SEGMENT INFORMATION The Engineering, Procurement and Construction Management (“EPCM”) segment provides services relating to the development, management and execution of projects requiring professional engineering and related project services primarily to the energy industry throughout the United States. The EPCM segment includes the government services group, which provides engineering, design, installation and operation and maintenance of various government, public sector and international facilities. The Automation segment provides services related to the design, fabrication and implementation of process distributed control and analyzer systems, advanced automation, information technology and electrical projects primarily to the upstream and downstream sectors throughout the United States as well as a specific project in Central Asia. Revenues, operating income, and identifiable assets for each segment are set forth in the following table. The amount identified as Corporate includes those activities that are not allocated to the operating segments and include costs related to business development, executive functions, finance, accounting, safety, human resources and information technology that are not specifically identifiable with the segments. Segment information for the six months ended June 27, 2015 and June 28, 2014 is as follows (dollars in thousands): For the six months ended June 27, 2015: EPCM Automation Corporate Consolidated Revenue $ 26,229 $ 17,926 $ — $ 44,155 Gross profit 4,132 4,599 — 8,731 SG&A 1,463 1,285 4,811 7,559 Operating income (loss) 2,669 3,314 (4,811 ) 1,172 Other income 645 Interest expense, net (66 ) Tax expense (152 ) Net income $ 1,599 For the six months ended June 28, 2014: EPCM Automation Corporate Consolidated Revenue $ 25,392 $ 28,676 $ — $ 54,068 Gross profit 4,678 7,196 — 11,874 SG&A 2,014 1,415 4,936 8,365 Operating income (loss) 2,664 5,781 (4,936 ) 3,509 Other expense 123 Interest expense, net (43 ) Tax expense (181 ) Net income $ 3,408 Total Assets by Segment As of June 27, 2015 As of December 27, 2014 (dollars in thousands) EPCM $ 12,763 $ 12,172 Automation 23,708 26,690 Corporate 11,171 12,794 Consolidated $ 47,642 $ 51,656

NOTE 6 - STOCK COMPENSATION PLA

NOTE 6 - STOCK COMPENSATION PLANS	6 Months Ended
	Jun. 27, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Disclosure of Compensation Related Costs, Share-based Payments [Text Block]	NOTE 6 - STOCK COMPENSATION PLANS In June 2009, the Company's stockholders approved the 2009 Equity Incentive Plan (the “Equity Plan,” or the “Plan”) that provided for the issuance of up to 480,000 shares of common stock. On April 26, 2012, the Board approved, and the stockholders subsequently approved, an amendment to the Plan to increase the number of shares available for issuance under the Plan by 500,000 from 480,000 to 980,000. On October 20, 2013, the Board approved, and the stockholders subsequently approved, an amendment to the Plan to increase the number of shares available for issuance under the Plan by 850,000 from 980,000 to 1,830,000. On June 18, 2015, the Board approved, and the stockholders subsequently approved, an amendment to the Plan to increase the number of shares available for issuance under the Plan by 750,000 from 1,830,000 to 2,580,000 and to establish the individual limits, eligible individuals and performance measures for certain awards included in the Plan for purposes of meeting the performance-based compensation exception under Section 162(m) of the Internal Revenue Code. (See “Note 11 – Stock Compensation Plans” of the Company’s 2014 Annual Report on Form 10-K for additional information on the stock compensation plans. See the Company’s definitive Proxy Statement for its 2015 Annual Meeting of Stockholders on Schedule 14A filed with the Securities and Exchange Commission on April 24, 2015 for additional information on the June 18, 2015 amendment to the Plan).

NOTE 7 - STOCK REPURCHASE PROGR

NOTE 7 - STOCK REPURCHASE PROGRAM	6 Months Ended
	Jun. 27, 2015
Stockholders' Equity Note [Abstract]
Stockholders' Equity Note Disclosure [Text Block]	NOTE 7 – STOCK REPURCHASE PROGRAM On April 21, 2015, the Company announced that its Board of Directors authorized the repurchase of up to $2 million of the Company’s common stock from time to time through open market or privately negotiated transactions, based on prevailing market conditions. The Company is not obligated to repurchase any dollar amount or specific number of shares of common stock under the repurchase program, which may be suspended or discontinued at any time.

NOTE 8 - FEDERAL AND STATE INCO

NOTE 8 - FEDERAL AND STATE INCOME TAXES	6 Months Ended
	Jun. 27, 2015
Income Tax Disclosure [Abstract]
Income Tax Disclosure [Text Block]	NOTE 8 – FEDERAL AND STATE INCOME TAXES The Company makes its interim tax allocation by applying estimated fiscal year effective tax rates to estimated fiscal year ordinary income together with unusual or infrequently occurring activity for the year-to-date period. The components of income tax expense for the six months ended June 27, 2015 and June 28, 2014 were all current income tax and did not include any deferred income tax, due to the valuation allowance on the deferred tax assets.

NOTE 9 - COMMITMENTS AND CONTIN

NOTE 9 - COMMITMENTS AND CONTINGENCIES	6 Months Ended
	Jun. 27, 2015
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies Disclosure [Text Block]	NOTE 9 – COMMITMENTS AND CONTINGENCIES From time to time, ENGlobal or one or more of its subsidiaries is involved in various legal proceedings or is subject to claims that arise in the ordinary course of business alleging, among other things, claims of breach of contract or negligence in connection with the performance or delivery of goods and/or services. The outcome of any such claims or proceedings cannot be predicted with certainty. Management is not aware of any pending or threatened lawsuits or proceedings that are expected to have a material effect on the Company’s financial position, results of operations or liquidity. The Company carries a broad range of insurance coverage, including general and business automobile liability, commercial property, professional errors and omissions, workers' compensation insurance, directors' and officers' liability insurance and a general umbrella policy, all with standard self-insured retentions/deductibles. The Company also provides health insurance to its employees (including vision and dental), and is partially self-funded for these claims. Provisions for expected future payments are accrued based on the Company's experience, and specific stop loss levels provide protection for the Company. The Company believes it has adequate reserves for the self-funded portion of its insurance policies. The Company is not aware of any material litigation or claims that are not covered by these policies or which are likely to materially exceed the Company’s insurance limits. (See “Note 15 – Commitments and Contingencies” in the Company’s 2014 Annual Report on Form 10-K for additional information on the commitments and contingencies).

NOTE 2 - NOTES RECEIVABLE (Tabl

NOTE 2 - NOTES RECEIVABLE (Tables)	6 Months Ended
	Jun. 27, 2015
Notes Receivable [Member]
NOTE 2 - NOTES RECEIVABLE (Tables) [Line Items]
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]	The components of short term and long term notes receivable as of June 27, 2015 and December 27, 2014 are as follows (dollars in thousands): June 27, 2015 December 27, 2014 Aspen $ 514 $ 514 SLE — 448 Steele — 3,365 Furmanite — 4,704 Reserve (514 ) (3,902 ) Total notes receivable — 5,129 Less current portion (net of reserve) — (2,165 ) Notes receivable non-current $ — $ 2,964

NOTE 3 - CONTRACTS (Tables)

NOTE 3 - CONTRACTS (Tables)	6 Months Ended
	Jun. 27, 2015
Contractors [Abstract]
Costs in Excess of Billings and Billings in Excess of Costs [Table Text Block]	Costs, estimated earnings and billings on uncompleted contracts consisted of the following at June 27, 2015 and December 27, 2014: June 27, 2015 December 27, 2014 (dollars in thousands) Costs incurred on uncompleted contracts $ 53,329 $ 52,103 Estimated earnings (losses) on uncompleted contracts 18,871 19,543 Earned revenues 72,200 71,646 Less: billings to date 76,011 77,932 Net costs and estimated earnings in excess of billings on uncompleted contracts $ (3,811 ) $ (6,286 ) Costs and estimated earnings in excess of billings on uncompleted contracts $ 4,593 $ 3,546 Billings in excess of costs and estimated earnings on uncompleted contracts (8,404 ) (9,832 ) Net costs and estimated earnings in excess of billings on uncompleted contracts $ (3,811 ) $ (6,286 )

NOTE 5 - SEGMENT INFORMATION (T

NOTE 5 - SEGMENT INFORMATION (Tables)	6 Months Ended
	Jun. 27, 2015
Segment Reporting [Abstract]
Reconciliation of Operating Profit (Loss) from Segments to Consolidated [Table Text Block]	Segment information for the six months ended June 27, 2015 and June 28, 2014 is as follows (dollars in thousands): For the six months ended June 27, 2015: EPCM Automation Corporate Consolidated Revenue $ 26,229 $ 17,926 $ — $ 44,155 Gross profit 4,132 4,599 — 8,731 SG&A 1,463 1,285 4,811 7,559 Operating income (loss) 2,669 3,314 (4,811 ) 1,172 Other income 645 Interest expense, net (66 ) Tax expense (152 ) Net income $ 1,599 For the six months ended June 28, 2014: EPCM Automation Corporate Consolidated Revenue $ 25,392 $ 28,676 $ — $ 54,068 Gross profit 4,678 7,196 — 11,874 SG&A 2,014 1,415 4,936 8,365 Operating income (loss) 2,664 5,781 (4,936 ) 3,509 Other expense 123 Interest expense, net (43 ) Tax expense (181 ) Net income $ 3,408
Schedule of Segment Reporting Information, by Segment [Table Text Block]	Segment information for the six months ended June 27, 2015 and June 28, 2014 is as follows (dollars in thousands): Total Assets by Segment As of June 27, 2015 As of December 27, 2014 (dollars in thousands) EPCM $ 12,763 $ 12,172 Automation 23,708 26,690 Corporate 11,171 12,794 Consolidated $ 47,642 $ 51,656

NOTE 2 - NOTES RECEIVABLE (Deta

NOTE 2 - NOTES RECEIVABLE (Details) - USD ($) $ in Thousands	Apr. 21, 2015	Aug. 30, 2013	Jan. 01, 2013	Jun. 27, 2015	Jun. 28, 2014
NOTE 2 - NOTES RECEIVABLE (Details) [Line Items]
Proceeds from Collection of Notes Receivable				$ 6,083	$ 0
Notes Receivable [Member] | Aspen [Member]
NOTE 2 - NOTES RECEIVABLE (Details) [Line Items]
Note Receivable, Interest Rate				6.00%
Note Receivable, Maturity Date, Description				September 2,011
Notes Receivable [Member] | Furmanite Corporation [Member]
NOTE 2 - NOTES RECEIVABLE (Details) [Line Items]
Note Receivable, Interest Rate		4.00%	5.00%
Note Receivable, Maturity Date, Description		September 1, 2017	January 2, 2017 and September 1, 2017
Receivable, Term of Note Receivable		4 years	4 years
Proceeds from Collection of Notes Receivable	$ 3,600

NOTE 2 - NOTES RECEIVABLE (De19

NOTE 2 - NOTES RECEIVABLE (Details) - Schedule of Accounts, Notes, Loans and Financing Receivable - USD ($) $ in Thousands	Jun. 27, 2015	Dec. 27, 2014
Accounts, Notes, Loans and Financing Receivable [Line Items]
Reserve	$ (514)	$ (3,902)
Total notes receivable	0	5,129
Less current portion (net of reserve)	0	(2,165)
Notes receivable non-current	0	2,964
Aspen [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes Receivable, Gross	514	514
South Louisiana Ethanol, LLC [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes Receivable, Gross	0	448
Steele & Company, LP [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes Receivable, Gross	0	3,365
Gulf Coast Engineering and In-Plant Operations [Member] | Furmanite Corporation [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes Receivable, Gross	$ 0	$ 4,704

NOTE 3 - CONTRACTS (Details)

NOTE 3 - CONTRACTS (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 27, 2015	Dec. 27, 2014
Contractors [Abstract]
Deferred Revenue, Description	Revenue on fixed-price contracts is recorded primarily using the percentage-of-completion (cost-to-cost) method. Revenue and gross margin on fixed-price contracts are subject to revision throughout the lives of the contracts and any required adjustments are made in the period in which the revisions become known. To manage unknown risks, management may use contingency amounts to increase the estimated costs, therefore lowering the earned revenues until the risks are better identified and quantified or have been mitigated.
Loss Contingency Accrual	$ 2,500	$ 2,900
Deferred Revenue, Current	$ 10	$ 300

NOTE 3 - CONTRACTS (Details) -

NOTE 3 - CONTRACTS (Details) - Costs in Excess of Billings and Billings in Excess of Costs - USD ($) $ in Thousands	Jun. 27, 2015	Dec. 27, 2014
Costs in Excess of Billings and Billings in Excess of Costs [Abstract]
Costs incurred on uncompleted contracts	$ 53,329	$ 52,103
Estimated earnings (losses) on uncompleted contracts	18,871	19,543
Earned revenues	72,200	71,646
Less: billings to date	76,011	77,932
Net costs and estimated earnings in excess of billings on uncompleted contracts	(3,811)	(6,286)
Costs and estimated earnings in excess of billings on uncompleted contracts	4,593	3,546
Billings in excess of costs and estimated earnings on uncompleted contracts	$ (8,404)	$ (9,832)

NOTE 4 - LINE OF CREDIT AND L22

NOTE 4 - LINE OF CREDIT AND LETTER OF CREDIT FACILITIES (Details) - Line of Credit [Member] - USD ($) $ in Millions	Sep. 16, 2014	Jun. 27, 2015	Apr. 16, 2015
NOTE 4 - LINE OF CREDIT AND LETTER OF CREDIT FACILITIES (Details) [Line Items]
Line of Credit Facility, Expiration Period	3 years
Line of Credit Facility, Description	revolving loans of up to the lesser of $10.0 million (the "Commitment") or the Borrowing Base (as defined in the Loan Agreement).
Line of Credit Facility, Maximum Borrowing Capacity	$ 10
Stock Repurchase Program, Authorized Amount			$ 2
Line of Credit Facility, Covenant Terms		Company was in compliance with all of the material covenants of, the Loan Agreement
Maximum [Member]
NOTE 4 - LINE OF CREDIT AND LETTER OF CREDIT FACILITIES (Details) [Line Items]
Pledged Financial Instruments, Not Separately Reported, Securities for Letter of Credit Facilities	$ 2.5

NOTE 5 - SEGMENT INFORMATION (D

NOTE 5 - SEGMENT INFORMATION (Details) - Schedule of Reconciliation of Operating Profit (Loss) from Segments to Consolidated - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 27, 2015	Jun. 28, 2014	Jun. 27, 2015	Jun. 28, 2014
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Revenue	$ 21,053	$ 27,170	$ 44,155	$ 54,068
Gross profit	4,609	5,790	8,731	11,874
SG&A	3,555	4,246	7,559	8,365
Operating income (loss)	1,054	1,544	1,172	3,509
Other income (expense)			645	123
Interest expense, net	(44)	(11)	(66)	(43)
Tax expense	(60)	(106)	(152)	(181)
Net income	$ 976	$ 1,591	1,599	3,408
Engineering and Construction [Member]
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Revenue			26,229	25,392
Gross profit			4,132	4,678
SG&A			1,463	2,014
Operating income (loss)			2,669	2,664
Automation Segment [Member]
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Revenue			17,926	28,676
Gross profit			4,599	7,196
SG&A			1,285	1,415
Operating income (loss)			3,314	5,781
Corporate Segment [Member]
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Revenue			0	0
Gross profit			0	0
SG&A			4,811	4,936
Operating income (loss)			$ (4,811)	$ (4,936)

NOTE 5 - SEGMENT INFORMATION 24

NOTE 5 - SEGMENT INFORMATION (Details) - Schedule of Segment Reporting Information, by Segment - USD ($) $ in Thousands	Jun. 27, 2015	Dec. 27, 2014
Segment Reporting Information [Line Items]
Total Assets	$ 47,642	$ 51,656
Engineering and Construction [Member]
Segment Reporting Information [Line Items]
Total Assets	12,763	12,172
Automation Segment [Member]
Segment Reporting Information [Line Items]
Total Assets	23,708	26,690
Corporate Segment [Member]
Segment Reporting Information [Line Items]
Total Assets	$ 11,171	$ 12,794

NOTE 6 - STOCK COMPENSATION P25

NOTE 6 - STOCK COMPENSATION PLANS (Details) - 2009 Equity Incentive Plan [Member] - shares	Jun. 18, 2015	Oct. 20, 2013	Apr. 26, 2012	Jun. 30, 2009
NOTE 6 - STOCK COMPENSATION PLANS (Details) [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized	2,580,000	1,830,000	980,000	480,000
Share-based Compensation Arrangement by Share-based Payment Award, Number of Additional Shares Authorized	750,000	850,000	500,000

NOTE 7 - STOCK REPURCHASE PRO26

NOTE 7 - STOCK REPURCHASE PROGRAM (Details) $ in Millions	Apr. 21, 2015USD ($)
Stock Repurchase Program [Member]
NOTE 7 - STOCK REPURCHASE PROGRAM (Details) [Line Items]
Stock Repurchase Program, Authorized Amount	$ 2