$BGSF
BGSF, INC. Stock $bgsf

$bgsf Overview Financials Valuation SEC Filings Company Website

2017 Q1 Form 10-Q Financial Statement

#000147490317000020 Filed on April 27, 2017

Income Statement

Concept	2017 Q1	2016 Q1
Revenue	$56.84M	$59.55M
YoY Change	-4.55%	45.66%
Cost Of Revenue	$43.17M	$46.20M
YoY Change	-6.56%	41.98%
Gross Profit	$13.67M	$13.35M
YoY Change	2.43%	60.01%
Gross Profit Margin	24.05%	22.41%
Selling, General & Admin	$9.606M	$8.903M
YoY Change	7.9%	40.24%
% of Gross Profit	70.27%	66.71%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$139.6K	$1.781M
YoY Change	-92.16%	57.85%
% of Gross Profit	1.02%	13.35%
Operating Expenses	$9.606M	$8.903M
YoY Change	7.9%	40.24%
Operating Profit	$2.693M	$2.662M
YoY Change	1.17%	208.12%
Interest Expense	-$560.0K	-$1.280M
YoY Change	-56.25%	132.73%
% of Operating Profit	-20.79%	-48.08%
Other Income/Expense, Net
YoY Change
Pretax Income	$2.135M	$1.383M
YoY Change	54.41%	344.26%
Income Tax	$832.9K	$549.4K
% Of Pretax Income	39.02%	39.74%
Net Earnings	$1.302M	$833.1K
YoY Change	56.26%	407.28%
Net Earnings / Revenue	2.29%	1.4%
Basic Earnings Per Share	$0.15	$0.11
Diluted Earnings Per Share	$0.15	$0.11
COMMON SHARES
Basic Shares Outstanding	8.669M shares	7.389M shares
Diluted Shares Outstanding	8.924M shares	7.647M shares

Balance Sheet

Concept	2017 Q1	2016 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents	$0.00	$0.00
Short-Term Investments
Other Short-Term Assets	$152.6K	$154.7K
YoY Change	-1.36%	-75.87%
Inventory
Prepaid Expenses	$1.018M	$950.7K
Receivables	$31.41M	$33.33M
Other Receivables	$0.00	$0.00
Total Short-Term Assets	$32.58M	$34.43M
YoY Change	-5.39%	36.98%
LONG-TERM ASSETS
Property, Plant & Equipment	$2.098M	$1.911M
YoY Change	9.81%	133.34%
Goodwill	$9.185M	$9.185M
YoY Change	0.0%	17.49%
Intangibles	$22.28M	$23.51M
YoY Change	-5.24%	18.42%
Long-Term Investments
YoY Change
Other Assets	$43.68M	$44.87M
YoY Change	-2.66%	19.19%
Total Long-Term Assets	$45.78M	$46.78M
YoY Change	-2.15%	21.62%
TOTAL ASSETS
Total Short-Term Assets	$32.58M	$34.43M
Total Long-Term Assets	$45.78M	$46.78M
Total Assets	$78.35M	$81.21M
YoY Change	-3.52%	27.69%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$1.302M	$951.7K
YoY Change	36.83%	-6.3%
Accrued Expenses	$10.42M	$9.668M
YoY Change	7.8%	46.69%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$17.08M	$15.25M
YoY Change	11.98%	5.84%
LONG-TERM LIABILITIES
Long-Term Debt	$19.70M	$14.75M
YoY Change	33.59%	3.06%
Other Long-Term Liabilities	$243.5K	$271.8K
YoY Change	-10.41%	-94.57%
Total Long-Term Liabilities	$243.5K	$15.02M
YoY Change	-98.38%	-22.23%
TOTAL LIABILITIES
Total Short-Term Liabilities	$17.08M	$15.25M
Total Long-Term Liabilities	$243.5K	$15.02M
Total Liabilities	$38.65M	$40.73M
YoY Change	-5.09%	-13.38%
SHAREHOLDERS EQUITY
Retained Earnings	$3.394M	$4.259M
YoY Change	-20.32%	-25.63%
Common Stock	$86.69K	$86.69K
YoY Change	0.01%	31.38%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$39.70M	$40.49M
YoY Change
Total Liabilities & Shareholders Equity	$78.35M	$81.21M
YoY Change	-3.52%	27.69%

Cashflow Statement

Concept	2017 Q1	2016 Q1
OPERATING ACTIVITIES
Net Income	$1.302M	$833.1K
YoY Change	56.26%	407.28%
Depreciation, Depletion And Amortization	$139.6K	$1.781M
YoY Change	-92.16%	57.85%
Cash From Operating Activities	$6.470M	$4.840M
YoY Change	33.68%	118.02%
INVESTING ACTIVITIES
Capital Expenditures	-$330.0K	-$240.0K
YoY Change	37.5%	20.0%
Acquisitions		$0.00
YoY Change		-100.0%
Other Investing Activities	$0.00	$10.00K
YoY Change	-100.0%	-100.12%
Cash From Investing Activities	-$330.0K	-$230.0K
YoY Change	43.48%	-97.36%
FINANCING ACTIVITIES
Cash Dividend Paid	$2.167M	$1.847M
YoY Change	17.34%	86.62%
Common Stock Issuance & Retirement, Net	$0.00	$0.00
YoY Change		-100.0%
Debt Paid & Issued, Net	$0.00	$0.00
YoY Change		-100.0%
Cash From Financing Activities	-6.140M	-4.610M
YoY Change	33.19%	-171.14%
NET CHANGE
Cash From Operating Activities	6.470M	4.840M
Cash From Investing Activities	-330.0K	-230.0K
Cash From Financing Activities	-6.140M	-4.610M
Net Change In Cash	0.000	0.000
YoY Change
FREE CASH FLOW
Cash From Operating Activities	$6.470M	$4.840M
Capital Expenditures	-$330.0K	-$240.0K
Free Cash Flow	$6.800M	$5.080M
YoY Change	33.86%	109.92%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
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CY2017Q1	bgsf	Business Combination Contingent Consideration Payment In Year One BusinessCombinationContingentConsiderationPaymentInYearOne	4250000	USD
CY2017Q1	bgsf	Business Combination Contingent Consideration Payment In Year Two BusinessCombinationContingentConsiderationPaymentInYearTwo	2250000	USD
CY2017Q1	bgsf	Business Combination Contingent Consideration Payments Due BusinessCombinationContingentConsiderationPaymentsDue	6500000	USD
CY2016Q1	bgsf	Intangible Assets Accumulated Amortization IntangibleAssetsAccumulatedAmortization	30205434	USD
CY2017Q1	bgsf	Intangible Assets Accumulated Amortization IntangibleAssetsAccumulatedAmortization	31437277	USD
CY2016Q1	bgsf	Interest Expense Earn Out Payable InterestExpenseEarnOutPayable	542594	USD
CY2017Q1	bgsf	Interest Expense Earn Out Payable InterestExpenseEarnOutPayable	300000	USD
CY2017Q1	bgsf	Interest Expense Earn Out Payable InterestExpenseEarnOutPayable	258116	USD
CY2017Q1	bgsf	Interest Expense Earn Out Payable In Year One InterestExpenseEarnOutPayableInYearOne	492974	USD
CY2017Q1	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--12-31
CY2017Q1	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q1
CY2017Q1	bgsf	Interest Expense Earn Out Payable In Year Two InterestExpenseEarnOutPayableInYearTwo	582025	USD
CY2017Q1	bgsf	Interest Expense Earn Out Payable Total InterestExpenseEarnOutPayableTotal	1074999	USD
CY2016Q1	bgsf	Long Term Debt Contingent Payment LongTermDebtContingentPayment	1616826	USD
CY2017Q1	bgsf	Long Term Debt Contingent Payment LongTermDebtContingentPayment	0	USD
CY2016Q4	bgsf	Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Exercisable ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsExercisable	91734	shares
CY2016Q4	bgsf	Sharebased Compensation Arrangementby Sharebased Payment Award Non Option Equity Instruments Vestedand Expectedto Vest Exercisable Weighted Average Exercise Price SharebasedCompensationArrangementbySharebasedPaymentAwardNonOptionEquityInstrumentsVestedandExpectedtoVestExercisableWeightedAverageExercisePrice	9.65
CY2017Q1	bgsf	Stock Issued During Period Value Exerciseof Stock Optionsand Warrants StockIssuedDuringPeriodValueExerciseofStockOptionsandWarrants	0	USD
CY2017Q1	dei	Amendment Flag AmendmentFlag	false
CY2017Q1	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2017
CY2017Q1	dei	Document Period End Date DocumentPeriodEndDate	2017-03-26
CY2017Q1	dei	Document Type DocumentType	10-Q
CY2017Q1	dei	Entity Central Index Key EntityCentralIndexKey	0001474903
CY2017Q1	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	8739978	shares
CY2017Q1	dei	Entity Filer Category EntityFilerCategory	Accelerated Filer
CY2017Q1	dei	Entity Registrant Name EntityRegistrantName	BG Staffing, Inc.
CY2017Q1	dei	Trading Symbol TradingSymbol	BGSF
CY2016Q1	us-gaap	Accounts Payable Current AccountsPayableCurrent	951672	USD
CY2017Q1	us-gaap	Accounts Payable Current AccountsPayableCurrent	1302156	USD
CY2016Q1	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	33328900	USD
CY2017Q1	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	31407679	USD
CY2016Q4	us-gaap	Accrued Bonuses Current AccruedBonusesCurrent	892742	USD
CY2017Q1	us-gaap	Accrued Bonuses Current AccruedBonusesCurrent	800655	USD
CY2016Q1	us-gaap	Accrued Income Taxes Current AccruedIncomeTaxesCurrent	193264	USD
CY2017Q1	us-gaap	Accrued Income Taxes Current AccruedIncomeTaxesCurrent	1023170	USD
CY2016Q1	us-gaap	Accrued Liabilities Current AccruedLiabilitiesCurrent	9668475	USD
CY2016Q4	us-gaap	Accrued Liabilities Current AccruedLiabilitiesCurrent	9668475	USD
CY2017Q1	us-gaap	Accrued Liabilities Current AccruedLiabilitiesCurrent	10422809	USD
CY2016Q4	us-gaap	Accrued Salaries Current AccruedSalariesCurrent	5547161	USD
CY2017Q1	us-gaap	Accrued Salaries Current AccruedSalariesCurrent	5793322	USD
CY2016Q4	us-gaap	Accumulated Depreciation Depletion And Amortization Property Plant And Equipment AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment	1301295	USD
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CY2016Q1	us-gaap	Adjustment For Amortization AdjustmentForAmortization	1670809	USD
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CY2017Q1	us-gaap	Commitments And Contingencies CommitmentsAndContingencies		USD
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CY2016Q1	us-gaap	Intangible Assets Net Excluding Goodwill IntangibleAssetsNetExcludingGoodwill	23514376	USD
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CY2016Q1	us-gaap	Interest Expense Other InterestExpenseOther	1279657	USD
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CY2016Q1	us-gaap	Long Term Line Of Credit LongTermLineOfCredit	23618194	USD
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CY2016Q1	us-gaap	Net Cash Provided By Used In Financing Activities Continuing Operations NetCashProvidedByUsedInFinancingActivitiesContinuingOperations	-4614815	USD
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CY2016Q1	us-gaap	Net Cash Provided By Used In Investing Activities Continuing Operations NetCashProvidedByUsedInInvestingActivitiesContinuingOperations	-228729	USD
CY2017Q1	us-gaap	Net Cash Provided By Used In Investing Activities Continuing Operations NetCashProvidedByUsedInInvestingActivitiesContinuingOperations	-327112	USD
CY2016Q1	us-gaap	Net Cash Provided By Used In Operating Activities Continuing Operations NetCashProvidedByUsedInOperatingActivitiesContinuingOperations	4843544	USD
CY2017Q1	us-gaap	Net Cash Provided By Used In Operating Activities Continuing Operations NetCashProvidedByUsedInOperatingActivitiesContinuingOperations	6471884	USD
CY2016Q1	us-gaap	Net Income Loss NetIncomeLoss	833138	USD
CY2017Q1	us-gaap	Net Income Loss NetIncomeLoss	1301831	USD
CY2017Q1	us-gaap	Number Of Reportable Segments NumberOfReportableSegments	3	segment
CY2016Q1	us-gaap	Operating Income Loss OperatingIncomeLoss	2662161	USD
CY2017Q1	us-gaap	Operating Income Loss OperatingIncomeLoss	2693356	USD
CY2016Q4	us-gaap	Other Accrued Liabilities Current OtherAccruedLiabilitiesCurrent	1194970	USD
CY2017Q1	us-gaap	Other Accrued Liabilities Current OtherAccruedLiabilitiesCurrent	1637859	USD
CY2016Q1	us-gaap	Other Assets Current OtherAssetsCurrent	154673	USD
CY2017Q1	us-gaap	Other Assets Current OtherAssetsCurrent	152577	USD
CY2016Q1	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	44869007	USD
CY2017Q1	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	43677288	USD
CY2016Q1	us-gaap	Other Liabilities Noncurrent OtherLiabilitiesNoncurrent	271766	USD
CY2017Q1	us-gaap	Other Liabilities Noncurrent OtherLiabilitiesNoncurrent	243471	USD
CY2016Q1	us-gaap	Paid In Kind Interest PaidInKindInterest	115014	USD
CY2017Q1	us-gaap	Paid In Kind Interest PaidInKindInterest	0	USD
CY2016Q1	us-gaap	Payments Of Dividends PaymentsOfDividends	1846989	USD
CY2017Q1	us-gaap	Payments Of Dividends PaymentsOfDividends	2167327	USD
CY2016Q1	us-gaap	Payments To Acquire Productive Assets PaymentsToAcquireProductiveAssets	236305	USD
CY2017Q1	us-gaap	Payments To Acquire Productive Assets PaymentsToAcquireProductiveAssets	327112	USD
CY2016Q1	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.01
CY2017Q1	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.01
CY2016Q1	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	500000	shares
CY2017Q1	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	500000	shares
CY2016Q1	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued	0	shares
CY2017Q1	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued	0	shares
CY2016Q1	us-gaap	Preferred Stock Shares Outstanding PreferredStockSharesOutstanding	0	shares
CY2017Q1	us-gaap	Preferred Stock Shares Outstanding PreferredStockSharesOutstanding	0	shares
CY2016Q1	us-gaap	Preferred Stock Value PreferredStockValue	0	USD
CY2017Q1	us-gaap	Preferred Stock Value PreferredStockValue	0	USD
CY2016Q1	us-gaap	Prepaid Expense Current PrepaidExpenseCurrent	950696	USD
CY2017Q1	us-gaap	Prepaid Expense Current PrepaidExpenseCurrent	1017667	USD
CY2016Q1	us-gaap	Proceeds From Repayments Of Lines Of Credit ProceedsFromRepaymentsOfLinesOfCredit	-1151000	USD
CY2017Q1	us-gaap	Proceeds From Repayments Of Lines Of Credit ProceedsFromRepaymentsOfLinesOfCredit	-3977445	USD
CY2016Q1	us-gaap	Proceeds From Sale Of Property Plant And Equipment ProceedsFromSaleOfPropertyPlantAndEquipment	7576	USD
CY2017Q1	us-gaap	Proceeds From Sale Of Property Plant And Equipment ProceedsFromSaleOfPropertyPlantAndEquipment	0	USD
CY2016Q1	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	1910858	USD
CY2017Q1	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	2098379	USD
CY2016Q1	us-gaap	Provision For Doubtful Accounts ProvisionForDoubtfulAccounts	0	USD
CY2017Q1	us-gaap	Provision For Doubtful Accounts ProvisionForDoubtfulAccounts	4254	USD
CY2016Q1	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	4259081	USD
CY2017Q1	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	3393585	USD
CY2016Q1	us-gaap	Sales Revenue Services Net SalesRevenueServicesNet	59550986	USD
CY2017Q1	us-gaap	Sales Revenue Services Net SalesRevenueServicesNet	56843687	USD
CY2016Q1	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	8902999	USD
CY2017Q1	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	9606444	USD
CY2016Q1	us-gaap	Share Based Compensation ShareBasedCompensation	70901	USD
CY2017Q1	us-gaap	Share Based Compensation ShareBasedCompensation	77563	USD
CY2017Q1	us-gaap	Stock Issued During Period Shares Stock Options Exercised StockIssuedDuringPeriodSharesStockOptionsExercised	4800	shares
CY2017Q1	us-gaap	Stock Issued During Period Value Share Based Compensation StockIssuedDuringPeriodValueShareBasedCompensation	77563	USD
CY2016Q1	us-gaap	Stockholders Equity StockholdersEquity	40488454	USD
CY2016Q4	us-gaap	Stockholders Equity StockholdersEquity	40488454	USD
CY2017Q1	us-gaap	Stockholders Equity StockholdersEquity	39700521	USD
CY2016Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	7646726	shares
CY2017Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	8924419	shares
CY2016Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	7388536	shares
CY2017Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	8668955	shares
CY2016Q1	us-gaap	Workers Compensation Liability Current WorkersCompensationLiabilityCurrent	754556	USD
CY2017Q1	us-gaap	Workers Compensation Liability Current WorkersCompensationLiabilityCurrent	470536	USD
CY2017Q1	us-gaap	Fiscal Period FiscalPeriod	<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;text-decoration:underline;">Fiscal Periods</font></div><div style="line-height:120%;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div><div style="line-height:120%;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company has a 52/53 week fiscal year. Fiscal periods for the consolidated financial statements included herein are as of </font><font style="font-family:inherit;font-size:10pt;">March 26, 2017</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">December 25, 2016</font><font style="font-family:inherit;font-size:10pt;">, and include the </font><font style="font-family:inherit;font-size:10pt;">thirteen</font><font style="font-family:inherit;font-size:10pt;"> week periods ended </font><font style="font-family:inherit;font-size:10pt;">March 26, 2017</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">March 27, 2016</font><font style="font-family:inherit;font-size:10pt;">, referred to herein as Fiscal 2017 and 2016, respectively.</font></div></div>
CY2017Q1	us-gaap	Nature Of Operations NatureOfOperations	<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">NATURE OF OPERATIONS</font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div><div style="line-height:120%;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">BG Staffing, Inc. is a provider of temporary staffing services that operates, along with its wholly owned subsidiaries BG Staffing, LLC, B G Staff Services Inc., BG Personnel, LP and BG Finance and Accounting, Inc. (“BGFA”) (collectively, the “Company”), primarily within the United States of America in </font><font style="font-family:inherit;font-size:10pt;">three</font><font style="font-family:inherit;font-size:10pt;"> industry segments: Multifamily, Professional, and Commercial. </font><font style="font-family:inherit;font-size:10pt;">We now have 57 branch offices and 17 on-site locations located across 26 states.</font><font style="font-family:inherit;font-size:10pt;"> </font></div><div style="line-height:120%;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div><div style="line-height:120%;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Multifamily segment provides front office and maintenance temporary workers to various apartment communities, in 23 states, via property management companies responsible for the apartment communities' day to day operations.</font><font style="font-family:inherit;font-size:10pt;"> </font></div><div style="line-height:120%;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div><div style="line-height:120%;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Professional segment provides skilled temporary workers on a nationwide basis for</font><font style="font-family:inherit;font-size:10pt;"> </font><font style="font-family:inherit;font-size:10pt;">information technology ("IT")</font><font style="font-family:inherit;font-size:10pt;"> </font><font style="font-family:inherit;font-size:10pt;">customer projects, and finance and accounting needs in Texas and Louisiana.</font><font style="font-family:inherit;font-size:10pt;"> </font></div><div style="line-height:120%;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Commercial segment provides temporary workers primarily to logistics, distribution, and call center customers needing a flexible workforce in Illinois, Wisconsin, New Mexico, Texas, Tennessee and Mississippi.</font><font style="font-family:inherit;font-size:10pt;"> </font></div><div style="line-height:120%;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div><div style="line-height:120%;padding-bottom:17px;text-align:justify;text-indent:25px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Our business experiences seasonal fluctuations. Our quarterly operating results are affected by the number of billing days in a quarter, as well as the seasonality of our customers’ business. Demand for our Multifamily staffing services increase in the second and is highest during the third quarter of the year due to the increased turns in multifamily units during the summer months when schools are not in session. Demand for our Commercial staffing services increases during the third quarter of the year and peaks in the fourth quarter. Demand for our Commercial staffing services is lower during the first quarter, in part due to customer shutdowns and adverse weather conditions in the winter months. In addition, our cost of services typically increases in the first quarter primarily due to the reset of payroll taxes.</font></div><div style="line-height:120%;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The accompanying unaudited consolidated financial statements have been prepared by the Company in accordance with generally accepted accounting principles in the United States (“GAAP”), pursuant to the applicable rules and regulations of the SEC. The information furnished herein reflects all adjustments (consisting only of normal recurring adjustments) that are, in the opinion of management, necessary to present a fair statement of the financial position and operating results of the Company as of and for the respective periods. However, these operating results are not necessarily indicative of the results expected for a full fiscal year or any other future period. Certain information and footnote disclosures normally included in annual financial statements prepared in accordance with GAAP have been omitted pursuant to such rules and regulations. However, management of the Company believes, to the best of their knowledge, that the disclosures herein are adequate to make the information presented not misleading. The Company has determined that there were no subsequent events that would require disclosure or adjustments to the accompanying consolidated financial statements through the date the financial statements were issued. The accompanying unaudited consolidated financial statements should be read in conjunction with the audited consolidated financial statements of the Company for the fiscal year ended </font><font style="font-family:inherit;font-size:10pt;">December 25, 2016</font><font style="font-family:inherit;font-size:10pt;">, included in its Annual Report on Form 10-K.</font></div></div>
CY2017Q1	us-gaap	Prior Period Reclassification Adjustment Description PriorPeriodReclassificationAdjustmentDescription	<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;text-decoration:underline;">Reclassifications</font></div><div style="line-height:120%;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div><div style="line-height:120%;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Certain reclassifications have been made to the </font><font style="font-family:inherit;font-size:10pt;">2016</font><font style="font-family:inherit;font-size:10pt;"> financial statements to conform with the </font><font style="font-family:inherit;font-size:10pt;">2017</font><font style="font-family:inherit;font-size:10pt;"> presentation.</font></div></div>
CY2017Q1	us-gaap	Use Of Estimates UseOfEstimates	<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;text-indent:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;text-decoration:underline;">Management Estimates</font></div><div style="line-height:120%;text-align:justify;text-indent:66px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div><div style="line-height:120%;text-align:justify;text-indent:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The preparation of consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities as of the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Significant estimates affecting the financial statements include goodwill, intangible assets and contingent consideration obligations related to acquisitions. Additionally, the valuation of share based compensation option expense uses a model based upon interest rates, stock prices, maturity estimates, volatility and other factors. The Company believes these estimates and assumptions are reliable. However, these estimates and assumptions may change in the future based on actual experience as well as market conditions.</font></div></div>

Files In Submission

Name	View Source	Status
0001474903-17-000020-index-headers.html	Edgar Link	pending
0001474903-17-000020-index.html	Edgar Link	pending
0001474903-17-000020.txt	Edgar Link	pending
0001474903-17-000020-xbrl.zip	Edgar Link	pending
bgsf-20170326.xml	Edgar Link	completed
bgsf-20170326.xsd	Edgar Link	pending
bgsf-20170326_cal.xml	Edgar Link	unprocessable
bgsf-20170326_def.xml	Edgar Link	unprocessable
bgsf-20170326_lab.xml	Edgar Link	unprocessable
bgsf-20170326_pre.xml	Edgar Link	unprocessable
FilingSummary.xml	Edgar Link	unprocessable
Financial_Report.xlsx	Edgar Link	pending
image0a20.jpg	Edgar Link	pending
q12017-10q.htm	Edgar Link	pending
q12017-ex311.htm	Edgar Link	pending
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report.css	Edgar Link	pending
Show.js	Edgar Link	pending

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$BGSF
BGSF, INC. Stock $bgsf

2017 Q1 Form 10-Q Financial Statement

#000147490317000020 Filed on April 27, 2017

Income Statement

Balance Sheet

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Files In Submission

$BGSF BGSF, INC. Stock $bgsf

2017 Q1 Form 10-Q Financial Statement

#000147490317000020 Filed on April 27, 2017

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$BGSF
BGSF, INC. Stock $bgsf