Document and Entity Information
Document and Entity Information - shares | 3 Months Ended | |
Mar. 30, 2019 | May 13, 2019 | |
Document And Entity Information | ||
Entity Registrant Name | ENGLOBAL CORP | |
Entity Central Index Key | 0000933738 | |
Document Type | 10-Q | |
Document Period End Date | Mar. 30, 2019 | |
Amendment Flag | false | |
Current Fiscal Year End Date | --12-28 | |
Entity Filer Category | Non-accelerated Filer | |
Entity Small Business Flag | true | |
Entity Emerging Growth Company | false | |
Entity Ex Transition Period | false | |
Entity Common Stock, Shares Outstanding | 27,409,907 | |
Trading Symbol | ENG | |
Document Fiscal Period Focus | Q1 | |
Document Fiscal Year Focus | 2019 |
Condensed Consolidated Statemen
Condensed Consolidated Statements of Operations (Unaudited) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 30, 2019 | Mar. 31, 2018 | |
Income Statement [Abstract] | ||
Operating revenues | $ 12,163 | $ 13,188 |
Operating costs | 10,825 | 11,775 |
Gross profit | 1,338 | 1,413 |
Selling, general and administrative expenses | 2,304 | 2,582 |
Operating loss | (966) | (1,169) |
Other income (expense): | ||
Other income (expense), net | 15 | (5) |
Interest expense, net | (3) | (9) |
Loss before income taxes | (954) | (1,183) |
Provision for federal and state income taxes | 20 | 17 |
Net loss | $ (974) | $ (1,200) |
Basic and diluted loss per common share: | $ (0.04) | $ (0.04) |
Basic and diluted weighted average shares used in computing loss per share: | 27,431,000 | 27,514,000 |
Condensed Consolidated Balance
Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands | Mar. 30, 2019 | Dec. 29, 2018 |
Current Assets: | ||
Cash and cash equivalents | $ 7,297 | $ 6,060 |
Trade receivables, net of allowances of $202 and $202 | 10,182 | 10,211 |
Prepaid expenses and other current assets | 977 | 1,096 |
Contract assets | 2,000 | 3,175 |
Total Current Assets | 20,456 | 20,542 |
Property and equipment, net | 610 | 677 |
Goodwill | 720 | 720 |
Other assets | ||
Right of use asset | 1,378 | |
Deposits and other assets | 318 | 367 |
Total Other Assets | 1,696 | 367 |
Total Assets | 23,482 | 22,306 |
Current Liabilities: | ||
Accounts payable | 3,201 | 3,172 |
Accrued compensation and benefits | 1,904 | 2,301 |
Contract liabilities | 2,010 | 604 |
Other current liabilities | 1,004 | 740 |
Total Current Liabilities | 8,119 | 6,817 |
Long Term Leases | 892 | |
Total Liabilities | 9,011 | 6,817 |
Commitments and Contingencies (Note 6 & 7) | ||
Stockholders' Equity: | ||
Common stock - $0.001 par value; 75,000,000 shares authorized; 27,409,907 and 27,487,594 shares issued and outstanding at March 30, 2019 and December 29, 2018, respectively | 27 | 27 |
Additional paid-in capital | 36,890 | 36,934 |
Accumulated deficit | (22,446) | (21,472) |
Total Stockholders' Equity | 14,471 | 15,489 |
Total Liabilities and Stockholders' Equity | $ 23,482 | $ 22,306 |
Condensed Consolidated Balanc_2
Condensed Consolidated Balance Sheets (Unaudited) (Parenthetical) - USD ($) $ in Thousands | Mar. 30, 2019 | Dec. 29, 2018 |
Statement of Financial Position [Abstract] | ||
Trade receivables, allowances | $ 202 | $ 202 |
Common stock, par value | $ 0.001 | $ 0.001 |
Common stock, shares authorized | 75,000,000 | 75,000,000 |
Common stock, shares issued | 27,409,907 | 27,487,594 |
Common stock, shares outstanding | 27,409,907 | 27,487,594 |
Condensed Consolidated Statem_2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 30, 2019 | Mar. 31, 2018 | |
Cash Flows from Operating Activities: | ||
Net loss | $ (974) | $ (1,200) |
Adjustments to reconcile net loss to net cash provided by (used in) operating activities: | ||
Depreciation and amortization | 84 | 156 |
Share-based compensation expense | 16 | 76 |
Changes in current assets and liabilities: | ||
Trade accounts receivable | 29 | (474) |
Contract assets | 1,175 | 596 |
Other current assets | 163 | 378 |
Accounts payable | 29 | (370) |
Accrued compensation and benefits | (397) | (475) |
Contract liabilities | 1,406 | (1,041) |
Income taxes payable | 20 | 14 |
Other current liabilities | (253) | (491) |
Net cash provided by (used in) operating activities | 1,298 | (2,831) |
Cash Flows from Investing Activities: | ||
Proceeds from notes receivable | 5 | 4 |
Property and equipment acquired | (5) | (8) |
Net cash used in investing activities | (4) | |
Cash Flows from Financing Activities: | ||
Purchase of treasury stock | (60) | |
Payments on capitalized leases | (1) | (46) |
Net cash used in financing activities | (61) | (46) |
Net change in cash, cash equivalents and restricted cash | 1,237 | (2,881) |
Cash, cash equivalents and restricted cash, at beginning of period | 6,060 | 9,648 |
Cash, cash equivalents and restricted cash, at end of period | 7,297 | 6,767 |
Supplemental disclosure of cash flow information: | ||
Cash paid during the period for interest | 5 | 9 |
Right of use assets obtained in exchange for new operating lease liability | $ 209 | $ 209 |
Condensed Consolidated Statem_3
Condensed Consolidated Statements of Stockholders' Equity (Unaudited) - USD ($) $ in Thousands | Common Stock [Member] | Additional Paid-in Capital [Member] | Accumulated Earnings (Deficit) [Member] | Treasury Stock [Member] | Total |
Balance at beginning of year at Dec. 31, 2017 | $ 27 | $ 36,843 | $ (15,801) | ||
Share-based compensation - employee | 76 | ||||
Treasury stock retired | |||||
Stock repurchased | |||||
Net loss | (1,200) | ||||
Balance at end of year at Mar. 31, 2018 | 27 | 36,919 | (17,001) | $ 19,945 | |
Balance at beginning of year at Dec. 29, 2018 | 27 | 36,934 | (21,472) | 15,489 | |
Share-based compensation - employee | 16 | ||||
Treasury stock retired | (60) | 60 | |||
Stock repurchased | (60) | ||||
Net loss | (974) | (974) | |||
Balance at end of year at Mar. 30, 2019 | $ 27 | $ 36,890 | $ (22,446) | $ 14,471 |
Basis of Presentation
Basis of Presentation | 3 Months Ended |
Mar. 30, 2019 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
Basis of Presentation | NOTE 1 – BASIS OF PRESENTATION The accompanying unaudited condensed consolidated financial statements of ENGlobal Corporation (which may be referred to as “ENGlobal,” the “Company,” “we,” “us,” or “our”) were prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) for interim financial information and the rules and regulations of the Securities and Exchange Commission. Accordingly, these condensed financial statements do not include all of the information or note disclosures normally included in annual financial statements prepared in accordance with U.S. GAAP. These condensed financial statements should be read in conjunction with the audited financial statements for the year ended December 29, 2018, included in the Company’s 2018 Annual Report on Form 10-K filed with the Securities and Exchange Commission. The condensed financial statements included herein are unaudited for the three month periods ended March 30, 2019 and March 31, 2018, and in the case of the condensed balance sheet as of December 29, 2018 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. The Company has assessed subsequent events through the date of filing of these condensed 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. We had no items of other comprehensive income in any period presented; therefore, no other components of comprehensive income are presented. Each of our quarters is comprised of 13 weeks. |
Accounting Standards
Accounting Standards | 3 Months Ended |
Mar. 30, 2019 | |
New Accounting Pronouncements and Changes in Accounting Principles [Abstract] | |
Accounting Standards | NOTE 2 – ACCOUNTING STANDARDS In February 2016, the Financial Statements Accounting Board (“FASB”) issued ASU No. 2016-02, Leases (Topic 842) Leases (Topic 842): Targeted Improvements |
Contract Assets and Contract Li
Contract Assets and Contract Liabilities | 3 Months Ended |
Mar. 30, 2019 | |
Contractors [Abstract] | |
Contract Assets and Contract Liabilities | NOTE 3 – CONTRACT ASSETS AND CONTRACT LIABILITIES Our contract assets consist of unbilled amounts typically resulting from sales under long-term contracts when the cost-to-cost method of revenue recognition is utilized and revenue recognized exceeds the amount billed to the customer. Our contract liabilities consist of advance payments and billings in excess of costs incurred and deferred revenue. The noncurrent portion of deferred revenue is included in other long-term liabilities in our consolidated balance sheets. Costs, estimated earnings and billings on uncompleted contracts consisted of the following at March 30, 2019 and December 29, 2018: March 30, 2019 December 29, 2018 (dollars in thousands) Costs incurred on uncompleted contracts $ 20,209 $ 34,800 Estimated earnings on uncompleted contracts 4,314 6,921 Earned revenues 24,523 41,721 Less: billings to date 24,533 39,150 Net costs and estimated earnings in excess of billings on uncompleted contracts $ (10 ) $ 2,571 Contract assets $ 2,000 $ 3,175 Contract liabilities (2,010 ) (604 ) Net contract assets $ (10 ) $ 2,571 |
Segment Information
Segment Information | 3 Months Ended |
Mar. 30, 2019 | |
Segment Reporting [Abstract] | |
Segment Information | NOTE 4 – SEGMENT INFORMATION Our segments are strategic business units that offer different services and products and therefore require different marketing and management strategies. The operating performance is regularly reviewed with these two operational leaders, the chief executive officer (“CEO”), the chief financial officer (“CFO”) and others. This group represents the chief operating decision maker (“CODM”) for ENGlobal. 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 Automation segment provides services related to the design, integration and implementation of advanced automation, information technology, process distributed control systems, analyzer systems, and electrical projects primarily to the upstream and downstream sectors throughout the United States. The Automation segment includes the government services group, which provides engineering, design, installation and operation and maintenance of various government, public sector and international facilities and the fabrication operation. 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 includes 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 three months ended March 30, 2019 and March 31, 2018 is as follows (dollars in thousands): For the three months ended March 30, 2019: EPCM Automation Corporate Consolidated Revenue $ 5,633 $ 6,530 $ — $ 12,163 Gross profit 671 667 — 1,338 Gross Profit Margin 11.9 % 10.2 % 11.0 % SG&A 587 428 1,289 2,304 Operating income (loss) 84 239 (1,289 ) (966 ) Other income, net 15 Interest expense, net (3 ) Tax expense (20 ) Net loss $ (974 ) For the three months ended March 31, 2018: EPCM Automation Corporate Consolidated Revenue $ 5,095 $ 8,093 $ — $ 13,188 Gross profit 416 997 — 1,413 Gross Profit Margin 8.2 % 12.3 % 10.7 % SG&A 426 705 1,451 2,582 Operating income (loss) (10 ) 292 (1,451 ) (1,169 ) Other expense, net (5 ) Interest expense, net (9 ) Tax expense (17 ) Net loss $ (1,200 ) Total Assets by Segment As of March 30, 2019 As of December 29, 2018 (dollars in thousands) EPCM $ 6,160 $ 4,792 Automation 9,357 10,550 Corporate 7,965 6,964 Consolidated $ 23,482 $ 22,306 |
Federal and State Income Taxes
Federal and State Income Taxes | 3 Months Ended |
Mar. 30, 2019 | |
Income Tax Disclosure [Abstract] | |
Federal and State Income Taxes | NOTE 5 – FEDERAL AND STATE INCOME TAXES The Company accounts for income taxes in accordance with FASB Accounting Standards Codification 740, “Income Taxes” (“ASC 740”). Under ASC 740-270 we estimate an annual effective tax rate based on year-to-date operating results and our projection of operating results for the remainder of the year. We apply this annual effective tax rate to the year-to-date operating results. If our actual results differ from the estimated annual projection, our estimated annual effective tax rate can change affecting the tax expense for successive interim results as well as the estimated annual tax expense results. Certain states are not included in the calculation of the estimated annual effective tax rate because the underlying basis for the tax is related to revenues and not taxable income. Amounts for Texas margin taxes are reported as income tax expense. The Company applies a more likely than not recognition threshold for all tax uncertainties. The FASB guidance for uncertain tax positions only allows the recognition of those tax benefits, based on their technical merits that are greater than 50 percent likelihood of being sustained upon examination by the taxing authorities. Management has reviewed the Company’s tax positions and determined there are no uncertain tax positions requiring recognition in the financial statements. U.S. federal tax returns prior to 2014 and Texas margins tax returns prior to 2014 are closed. Generally, the applicable statues of limitations are three to four years from their filings. The Company recorded income tax expense of $20 thousand for the three months ended March 30, 2019 as compared to income tax expense of $17 thousand for the three months ended March 31, 2018. The effective income tax rate for the three months ended March 30, 2019 was (2.06)% as compared to (42.79)% for the three months ended March 31, 2018. The effective tax rate differed from the federal statutory rate of 21% primarily due to the effect of the valuation allowances related to the expected unrealized deferred tax asset generated by the current year benefit. |
Commitments and Contingencies
Commitments and Contingencies | 3 Months Ended |
Mar. 30, 2019 | |
Commitments and Contingencies Disclosure [Abstract] | |
Commitments and Contingencies | NOTE 6 – 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 our financial position, results of operations or liquidity. We carry 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. We also provide health insurance to our employees (including vision and dental), and are partially self-funded for these claims. Provisions for expected future payments are accrued based on our experience, and specific stop loss levels provide protection for the Company. We believe we have adequate reserves for the self-funded portion of our insurance policies. We are 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. |
Leases
Leases | 3 Months Ended |
Mar. 30, 2019 | |
Leases [Abstract] | |
Leases | NOTE 7 – LEASES The Company leases land, office space and equipment. Arrangements are assessed at inception to determine if a lease exists and, with the adoption of ASC 842, “Leases,” right-of-use (“ROU”) assets and lease liabilities are recognized based on the present value of lease payments over the lease term. Because the Company’s leases do not provide an implicit rate of return, the Company uses its incremental borrowing rate at the inception of a lease to calculate the present value of lease payments. The Company has elected to apply the short-term lease exception for all asset classes, excluding lease liabilities from the balance sheet and recognizing the lease payments in the period they are incurred. The Company’s finance leases are immaterial to our consolidated financial statements. The components of lease expense were as follows: Three months ended March 30, 2019 Operating leases: Operating costs $ 213 Selling, general and administrative expenses 487 700 Short-term leases: Operating costs — Selling, general and administrative expenses 119 119 Total lease expense $ 819 Supplemental balance sheet information related to leases was as follows: Financial Statement Classification March 30, 2019 Operating ROU assets Right of Use asset $ 1,378 Operating lease liabilities: Current operating lease liabilities Other current liabilities $ 498 Noncurrent operating lease liabilities Long Term Leases 892 Total operating lease liabilities $ 1,390 The weighted average remaining lease term and weighted average discount rate were as follows: Three months ended March 30, 2019 Weighted average remaining lease term of operating leases 2.7 years Weighted average discount rate of operating leases 4.1 % Maturities of operating lease liabilities as of March 30, 2019 are as follows: Year ending: Amount 2019 (remaining months) $ 396 2020 555 2021 434 2022 64 Total lease payments $ 1,449 Less: imputed interest (59 ) Total lease liabilities $ 1,390 The aggregate amount of future minimum annual rental payments applicable to noncancelable leases as of December 29, 2018 were as follows: Year ending: Minimal Rental Payments 2019 $ 445 2020 445 2021 387 2022 64 Total $ 1,341 |
Contract Assets and Contract _2
Contract Assets and Contract Liabilities (Tables) | 3 Months Ended |
Mar. 30, 2019 | |
Contractors [Abstract] | |
Schedule of Costs Estimated Earnings and Billings on Uncompleted Contracts | Costs, estimated earnings and billings on uncompleted contracts consisted of the following at March 30, 2019 and December 29, 2018: March 30, 2019 December 29, 2018 (dollars in thousands) Costs incurred on uncompleted contracts $ 20,209 $ 34,800 Estimated earnings on uncompleted contracts 4,314 6,921 Earned revenues 24,523 41,721 Less: billings to date 24,533 39,150 Net costs and estimated earnings in excess of billings on uncompleted contracts $ (10 ) $ 2,571 Contract assets $ 2,000 $ 3,175 Contract liabilities (2,010 ) (604 ) Net contract assets $ (10 ) $ 2,571 |
Segment Information (Tables)
Segment Information (Tables) | 3 Months Ended |
Mar. 30, 2019 | |
Segment Reporting [Abstract] | |
Schedule of Segment Information for Operation Statement | Segment information for the three months ended March 30, 2019 and March 31, 2018 is as follows (dollars in thousands): For the three months ended March 30, 2019: EPCM Automation Corporate Consolidated Revenue $ 5,633 $ 6,530 $ — $ 12,163 Gross profit 671 667 — 1,338 Gross Profit Margin 11.9 % 10.2 % 11.0 % SG&A 587 428 1,289 2,304 Operating income (loss) 84 239 (1,289 ) (966 ) Other income, net 15 Interest expense, net (3 ) Tax expense (20 ) Net loss $ (974 ) For the three months ended March 31, 2018: EPCM Automation Corporate Consolidated Revenue $ 5,095 $ 8,093 $ — $ 13,188 Gross profit 416 997 — 1,413 Gross Profit Margin 8.2 % 12.3 % 10.7 % SG&A 426 705 1,451 2,582 Operating income (loss) (10 ) 292 (1,451 ) (1,169 ) Other expense, net (5 ) Interest expense, net (9 ) Tax expense (17 ) Net loss $ (1,200 ) Total Assets by Segment As of March 30, 2019 As of December 29, 2018 (dollars in thousands) EPCM $ 6,160 $ 4,792 Automation 9,357 10,550 Corporate 7,965 6,964 Consolidated $ 23,482 $ 22,306 |
Leases (Tables)
Leases (Tables) | 3 Months Ended |
Mar. 30, 2019 | |
Leases [Abstract] | |
Schedule of Components of Lease Expense | The components of lease expense were as follows: Three months ended March 30, 2019 Operating leases: Operating costs $ 213 Selling, general and administrative expenses 487 700 Short-term leases: Operating costs — Selling, general and administrative expenses 119 119 Total lease expense $ 819 |
Schedule of Supplemental Balance Sheet Information Related to Leases | Supplemental balance sheet information related to leases was as follows: Financial Statement Classification March 30, 2019 Operating ROU assets Right of Use asset $ 1,378 Operating lease liabilities: Current operating lease liabilities Other current liabilities $ 498 Noncurrent operating lease liabilities Long Term Leases 892 Total operating lease liabilities $ 1,390 |
Schedule of Weighted Average Remaining Lease Term and Weighted Average Discount Rate | The weighted average remaining lease term and weighted average discount rate were as follows: Three months ended March 30, 2019 Weighted average remaining lease term of operating leases 2.7 years Weighted average discount rate of operating leases 4.1 % |
Schedule of Maturities of Operating Lease Liabilities | Maturities of operating lease liabilities as of March 30, 2019 are as follows: Year ending: Amount 2019 (remaining months) $ 396 2020 555 2021 434 2022 64 Total lease payments $ 1,449 Less: imputed interest (59 ) Total lease liabilities $ 1,390 |
Schedule of Future Minimum Rental Payments for Operating Leases | The aggregate amount of future minimum annual rental payments applicable to noncancelable leases as of December 29, 2018 were as follows: Year ending: Minimal Rental Payments 2019 $ 445 2020 445 2021 387 2022 64 Total $ 1,341 |
Accounting Standards (Details N
Accounting Standards (Details Narrative) - USD ($) $ in Thousands | Mar. 30, 2019 | Dec. 31, 2018 | Dec. 29, 2018 |
New Accounting Pronouncements and Changes in Accounting Principles [Abstract] | |||
Right of use assets, value | $ 1,378 | $ 1,300 | |
Lease Liabilities | $ 1,390 | $ 1,300 |
Contract Assets and Contract _3
Contract Assets and Contract Liabilities - Schedule of Costs Estimated Earnings and Billings on Uncompleted Contracts (Details) - USD ($) $ in Thousands | Mar. 30, 2019 | Dec. 29, 2018 |
Contractors [Abstract] | ||
Costs incurred on uncompleted contracts | $ 20,209 | $ 34,800 |
Estimated earnings on uncompleted contracts | 4,314 | 6,921 |
Earned revenues | 24,523 | 41,721 |
Less: billings to date | 24,533 | 39,150 |
Net costs in excess of billings on uncompleted contracts | (10) | 2,571 |
Costs and estimated earnings in excess of billings on uncompleted contracts | 2,000 | 3,175 |
Billings in excess of costs and estimated earnings on uncompleted contracts | (2,010) | (604) |
Net costs in excess of billings on uncompleted contracts | $ (10) | $ 2,571 |
Segment Information (Details Na
Segment Information (Details Narrative) | 3 Months Ended |
Mar. 30, 2019Number | |
Segment Reporting [Abstract] | |
Number of Reportable Segments | 2 |
Segment Information - Schedule
Segment Information - Schedule of Segment Information for Operation Statement (Details) - USD ($) $ in Thousands | 3 Months Ended | |||
Mar. 30, 2019 | Mar. 31, 2018 | Mar. 31, 2018 | Dec. 29, 2018 | |
Revenue | $ 12,163 | $ 13,188 | ||
Gross profit | $ 1,338 | $ 1,413 | ||
Gross Profit Margin | 11.00% | 10.70% | ||
SG&A | $ 2,304 | $ 2,582 | ||
Operating income (loss) | (966) | (1,169) | ||
Other income, net | 15 | (5) | ||
Interest expense, net | (3) | (9) | ||
Tax expense | (20) | (17) | ||
Net loss | (974) | $ (1,200) | ||
Total Assets | 23,482 | $ 22,306 | ||
EPCM [Member] | ||||
Revenue | 5,633 | $ 5,095 | ||
Gross profit | $ 671 | $ 416 | ||
Gross Profit Margin | 11.90% | 8.20% | ||
SG&A | $ 587 | $ 426 | ||
Operating income (loss) | 84 | (10) | ||
Total Assets | 6,160 | 4,792 | ||
Automation [Member] | ||||
Revenue | 6,530 | 8,093 | ||
Gross profit | $ 667 | $ 997 | ||
Gross Profit Margin | 10.20% | 12.30% | ||
SG&A | $ 428 | $ 705 | ||
Operating income (loss) | 239 | 292 | ||
Total Assets | 9,357 | 10,550 | ||
Corporate [Member] | ||||
Revenue | ||||
Gross profit | ||||
Gross Profit Margin | ||||
SG&A | $ 1,289 | $ 1,451 | ||
Operating income (loss) | (1,289) | $ (1,451) | ||
Total Assets | $ 7,965 | $ 6,964 |
Federal and State Income Taxes
Federal and State Income Taxes (Details Narrative) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 30, 2019 | Mar. 31, 2018 | |
Income Tax Disclosure [Abstract] | ||
Income tax likelihood, description | greater than 50 percent | |
Total income tax expense | $ (20) | $ (17) |
Effective income tax rate | (2.06%) | (42.79%) |
Effective federal tax rate | 21.00% |
Leases - Schedule of Components
Leases - Schedule of Components of Lease Expense (Details) $ in Thousands | 3 Months Ended |
Mar. 30, 2019USD ($) | |
Operating leases | $ 700 |
Short-term leases | 119 |
Total lease expense | 819 |
Operating Costs [Member] | |
Operating leases | 213 |
Short-term leases | |
Selling, General and Administrative Expenses [Member] | |
Operating leases | 487 |
Short-term leases | $ 119 |
Leases - Schedule of Supplement
Leases - Schedule of Supplemental Balance Sheet Information Related to Leases (Details) - USD ($) $ in Thousands | Mar. 30, 2019 | Dec. 31, 2018 | Dec. 29, 2018 |
Operating ROU assets | $ 1,378 | $ 1,300 | |
Noncurrent operating lease liabilities | 892 | ||
Total operating lease liabilities | 1,390 | $ 1,300 | |
Right of Use Asset [Member] | |||
Operating ROU assets | 1,378 | ||
Other Current Liabilities [Member] | |||
Current operating lease liabilities | 498 | ||
Long Term Leases [Member] | |||
Noncurrent operating lease liabilities | $ 892 |
Leases - Schedule of Weighted A
Leases - Schedule of Weighted Average Remaining Lease Term and Weighted Average Discount Rate (Details) | Mar. 30, 2019 |
Leases [Abstract] | |
Weighted average remaining lease term of operating leases | 2 years 8 months 12 days |
Weighted average discount rate of operating leases | 4.10% |
Leases - Schedule of Maturities
Leases - Schedule of Maturities of Operating Lease Liabilities (Details) - USD ($) $ in Thousands | Mar. 30, 2019 | Dec. 31, 2018 |
Leases [Abstract] | ||
2019 (remaining months) | $ 396 | |
2020 | 555 | |
2021 | 434 | |
2022 | 64 | |
Total lease payments | 1,449 | |
Less: imputed interest | (59) | |
Total lease liabilities | $ 1,390 | $ 1,300 |
Leases - Schedule of Future Min
Leases - Schedule of Future Minimum Rental Payments for Operating Leases (Details) $ in Thousands | Dec. 29, 2018USD ($) |
Leases [Abstract] | |
2019 | $ 445 |
2020 | 445 |
2021 | 387 |
2022 | 64 |
Total | $ 1,341 |