$BGSF
BGSF, INC.

2020 Q2 Form 10-Q Financial Statement

#000147490320000036 Filed on August 07, 2020

View on sec.gov

Income Statement

Concept 2020 Q2 2019 Q4 2019 Q2
Revenue $48.43M $72.32M $73.86M
YoY Change -34.43% 0.44% 10.47%
Cost Of Revenue $45.70M $53.11M $53.00M
YoY Change -13.76% -0.32% 6.96%
Gross Profit $14.87M $19.20M $20.86M
YoY Change -28.74% 2.58% 20.53%
Gross Profit Margin 30.7% 26.55% 28.25%
Selling, General & Admin $14.31M $13.84M $14.24M
YoY Change 0.48% 26.74% 18.86%
% of Gross Profit 96.23% 72.07% 68.24%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $219.2K $1.190M $201.4K
YoY Change 8.83% -4.03% 21.46%
% of Gross Profit 1.47% 6.2% 0.97%
Operating Expenses $14.31M $15.03M $14.24M
YoY Change 0.48% 23.6% 18.86%
Operating Profit -$6.085M $4.173M $5.421M
YoY Change -212.25% -36.38% 34.33%
Interest Expense -$430.0K -$320.0K -$500.0K
YoY Change -14.0% -44.83% -42.53%
% of Operating Profit -7.67% -9.22%
Other Income/Expense, Net $0.00 $0.00
YoY Change
Pretax Income -$6.514M $3.853M $4.925M
YoY Change -232.28% -35.57% 55.64%
Income Tax -$1.685M $1.110M $1.123M
% Of Pretax Income 28.81% 22.8%
Net Earnings -$4.829M $2.742M $3.802M
YoY Change -227.02% -43.5% 54.2%
Net Earnings / Revenue -9.97% 3.79% 5.15%
Basic Earnings Per Share -$0.47 $0.27 $0.37
Diluted Earnings Per Share -$0.47 $0.26 $0.37
COMMON SHARES
Basic Shares Outstanding 10.31M shares 10.25M shares 10.23M shares
Diluted Shares Outstanding 10.31M shares 10.37M shares 10.36M shares

Balance Sheet

Concept 2020 Q2 2019 Q4 2019 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $0.00 $0.00 $0.00
Short-Term Investments
Other Short-Term Assets $516.1K $19.52K $20.71K
YoY Change 2391.85% -14.15% -89.74%
Inventory
Prepaid Expenses $1.823M $1.244M $1.714M
Receivables $37.76M $39.42M $38.41M
Other Receivables $0.00 $100.0K $0.00
Total Short-Term Assets $40.10M $40.74M $40.15M
YoY Change -0.11% 5.5% 8.43%
LONG-TERM ASSETS
Property, Plant & Equipment $4.157M $3.545M $2.449M
YoY Change 69.77% 38.64% 9.2%
Goodwill $31.37M $20.17M $17.98M
YoY Change 74.45% 12.16% 0.0%
Intangibles $36.44M $33.81M $31.35M
YoY Change 16.24% 2.34% -13.38%
Long-Term Investments
YoY Change
Other Assets $82.70M $71.30M $61.44M
YoY Change 34.59% 20.65% -3.2%
Total Long-Term Assets $86.85M $74.85M $63.89M
YoY Change 35.94% 21.4% -2.77%
TOTAL ASSETS
Total Short-Term Assets $40.10M $40.74M $40.15M
Total Long-Term Assets $86.85M $74.85M $63.89M
Total Assets $127.0M $115.6M $104.0M
YoY Change 22.03% 15.28% 1.26%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $127.1K $479.4K $213.3K
YoY Change -40.42% 227.79% -71.71%
Accrued Expenses $12.83M $10.49M $11.56M
YoY Change 11.06% 0.71% 3.09%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $2.250M $375.0K $0.00
YoY Change -91.16% -100.0%
Total Short-Term Liabilities $18.48M $13.71M $16.31M
YoY Change 13.35% -24.1% -21.26%
LONG-TERM LIABILITIES
Long-Term Debt $27.43M $7.125M $0.00
YoY Change 23.53% -100.0%
Other Long-Term Liabilities $2.867M $0.00 $0.00
YoY Change -100.0% -100.0%
Total Long-Term Liabilities $30.29M $7.125M $0.00
YoY Change 10.82% -100.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $18.48M $13.71M $16.31M
Total Long-Term Liabilities $30.29M $7.125M $0.00
Total Liabilities $65.23M $47.13M $37.87M
YoY Change 72.25% 36.34% -40.14%
SHAREHOLDERS EQUITY
Retained Earnings $1.825M $8.763M $7.959M
YoY Change -77.07% 9.55% 383.09%
Common Stock $75.75K $75.78K $78.32K
YoY Change -3.28% -3.16% -10.63%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares 176.0 shares 828.0 shares
Shareholders Equity $61.72M $68.46M $66.17M
YoY Change
Total Liabilities & Shareholders Equity $127.0M $115.6M $104.0M
YoY Change 22.03% 15.28% 1.26%

Cashflow Statement

Concept 2020 Q2 2019 Q4 2019 Q2
OPERATING ACTIVITIES
Net Income -$4.829M $2.742M $3.802M
YoY Change -227.02% -43.5% 54.2%
Depreciation, Depletion And Amortization $219.2K $1.190M $201.4K
YoY Change 8.83% -4.03% 21.46%
Cash From Operating Activities $8.450M $3.990M $3.780M
YoY Change 123.54% -43.4% 5.0%
INVESTING ACTIVITIES
Capital Expenditures -$850.0K -$700.0K -$330.0K
YoY Change 157.58% 191.67% 120.0%
Acquisitions
YoY Change
Other Investing Activities $0.00 -$7.500M
YoY Change
Cash From Investing Activities -$850.0K -$8.200M -$330.0K
YoY Change 157.58% 3316.67% 120.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -7.600M 4.210M -3.450M
YoY Change 120.29% -161.91% 0.29%
NET CHANGE
Cash From Operating Activities 8.450M 3.990M 3.780M
Cash From Investing Activities -850.0K -8.200M -330.0K
Cash From Financing Activities -7.600M 4.210M -3.450M
Net Change In Cash 0.000000003958 -0.000000003725 0.000
YoY Change -100.0% -100.0%
FREE CASH FLOW
Cash From Operating Activities $8.450M $3.990M $3.780M
Capital Expenditures -$850.0K -$700.0K -$330.0K
Free Cash Flow $9.300M $4.690M $4.110M
YoY Change 126.28% -35.67% 9.6%

Facts In Submission

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CY2019Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
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us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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CY2019Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2019Q1 us-gaap Dividends
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us-gaap Increase Decrease In Prepaid Expense
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us-gaap Increase Decrease In Security Deposits
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us-gaap Increase Decrease In Accrued Liabilities
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us-gaap Increase Decrease In Accrued Liabilities
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us-gaap Increase Decrease In Other Current Liabilities
IncreaseDecreaseInOtherCurrentLiabilities
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us-gaap Increase Decrease In Income Taxes
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us-gaap Increase Decrease In Income Taxes
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bgsf Increase Decreasein Operating Leases
IncreaseDecreaseinOperatingLeases
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bgsf Increase Decreasein Operating Leases
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us-gaap Increase Decrease In Other Noncurrent Liabilities
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us-gaap Increase Decrease In Other Noncurrent Liabilities
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us-gaap Net Cash Provided By Used In Operating Activities
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15101776 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
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us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
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us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
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us-gaap Payments To Acquire Productive Assets
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us-gaap Payments To Acquire Productive Assets
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673752 USD
us-gaap Net Cash Provided By Used In Investing Activities
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CY2020Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
0 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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us-gaap Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
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us-gaap Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
7770258 USD
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
22500000 USD
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
0 USD
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
325000 USD
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
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us-gaap Payments Of Dividends
PaymentsOfDividends
3608120 USD
us-gaap Payments Of Dividends
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us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
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us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
0 USD
us-gaap Net Cash Provided By Used In Financing Activities
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8475646 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
0 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
0 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
0 USD
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CY2019Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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us-gaap Interest Paid Net
InterestPaidNet
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us-gaap Interest Paid Net
InterestPaidNet
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us-gaap Income Taxes Paid Net
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us-gaap Income Taxes Paid Net
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us-gaap Nature Of Operations
NatureOfOperations
NATURE OF OPERATIONS<div style="text-indent:36pt;text-align:justify;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;"> </span></div><div style="text-indent:18pt;text-align:justify;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">BG Staffing, Inc. is a national provider of workforce solutions that operates, along with its wholly owned subsidiaries BG Staffing, LLC, B G Staff Services Inc., BG Personnel, LP, BG Finance and Accounting, Inc., BG California IT Staffing, Inc., BG California Multifamily Staffing, Inc., BG California Finance &amp; Accounting Staffing, Inc., EdgeRock Technology Holdings, Inc. and EdgeRock Technologies, LLC (collectively, the “Company”), primarily within the United States of America in three industry segments: Real Estate, Professional, and Light Industrial. </span></div><div style="text-indent:18pt;text-align:justify;"><span><br/></span></div><div style="text-indent:18pt;text-align:justify;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">The Real Estate segment provides office and maintenance field talent to various apartment communities and commercial buildings in 29 states, via property management companies responsible for the apartment communities' and commercial buildings' day-to-day operations. Our Real Estate segment operates through two divisions, BG Multifamily and BG Talent.</span></div><div style="text-indent:18pt;text-align:justify;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;"> </span></div><div style="text-indent:18pt;text-align:justify;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">The Professional segment provides skilled field talent on a nationwide basis for information technology (“IT”) and finance, accounting, legal and human resource client partner projects. Our Professional segment operates through various divisions including Extrinsic, American Partners, Donovan &amp; Watkins, Vision Technology Services, Zycron, Smart Resources, L.J. Kushner &amp; Associates, and EdgeRock Technology Partners.</span></div><div style="text-indent:18pt;"><span><br/></span></div><div style="text-indent:18pt;text-align:justify;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">The Light Industrial segment provides field talent primarily to manufacturing, distribution, logistics, and call center client partners needing a flexible workforce in 7 states. Our Light Industrial segment operates through our InStaff division.</span></div><div style="text-indent:18pt;text-align:justify;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;"> </span></div><div style="text-indent:18pt;text-align:justify;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">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 client partners’ business. Demand for our Real Estate staffing services typically 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 Light Industrial staffing services typically increases during the third quarter of the year and peaks in the fourth quarter due to increases in the demand for holiday help. Overall demand can be affected by adverse weather conditions in the winter months as well as fluctuations in client partner demand. In addition, our cost of services typically increases in the first quarter primarily due to the reset of payroll taxes.</span></div><div style="text-indent:18pt;text-align:justify;"><span><br/></span></div><div style="text-indent:18pt;text-align:justify;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">The Company has adjusted, and continues to monitor and change, its operations in response to a novel strain of coronavirus (“COVID-19”) in all of its segment, client partner, and Home Office locations. The extent of the impact from the outbreak on its operational and financial performance will depend on certain developments, including the duration and spread of the outbreak, its impact on the Company's client partners and the range of governmental and community reactions to the pandemic, which are uncertain and cannot be fully predicted at this time.</span></div><div style="text-indent:18pt;text-align:justify;"><span><br/></span></div><div style="text-indent:18pt;text-align:justify;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">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 its 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 December 29, 2019, included in its Annual Report on Form 10-K.</span></div>
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
3 segment
us-gaap Fiscal Period
FiscalPeriod
<div style="text-indent:18pt;text-align:justify;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration: underline;">Fiscal Periods</span></div><div style="text-indent:18pt;text-align:justify;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;"> </span></div><div style="text-indent:18pt;text-align:justify;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">The Company has a 52/53 week fiscal year. Fiscal periods for the consolidated financial statements included herein are as of June 28, 2020 and December 29, 2019, and include the thirteen and twenty-six week periods ended June 28, 2020 and June 30, 2019, referred to herein as Fiscal 2020 and 2019, respectively.</span></div>
us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div style="text-indent:18pt;text-align:justify;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration: underline;">Reclassifications</span></div><div style="text-indent:18pt;text-align:justify;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;"> </span></div><div style="text-indent:18pt;text-align:justify;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">Certain reclassifications have been made to the 2019 financial statements to conform with the 2020 presentation.</span></div>
CY2019Q2 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
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us-gaap Use Of Estimates
UseOfEstimates
Management Estimates<div style="text-indent:49.5pt;text-align:justify;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;"> </span></div><div style="text-indent:13.5pt;text-align:justify;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">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 allowances for credit losses, goodwill, intangible assets, income taxes, leave liability, 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.</span></div>
CY2020Q1 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
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CY2019Q1 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
468233 USD
CY2019Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
468233 USD
CY2018Q4 us-gaap Allowance For Doubtful Accounts Receivable
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468233 USD
CY2020Q2 us-gaap Accounts Receivable Purchase
AccountsReceivablePurchase
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CY2019Q2 us-gaap Accounts Receivable Purchase
AccountsReceivablePurchase
0 USD
us-gaap Accounts Receivable Purchase
AccountsReceivablePurchase
47498 USD
us-gaap Accounts Receivable Purchase
AccountsReceivablePurchase
0 USD
CY2020Q2 us-gaap Provision For Doubtful Accounts
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CY2019Q2 us-gaap Provision For Doubtful Accounts
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24855 USD
us-gaap Provision For Doubtful Accounts
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us-gaap Provision For Doubtful Accounts
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CY2020Q2 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
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us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
148440 USD
us-gaap Allowance For Doubtful Accounts Receivable Recoveries
AllowanceForDoubtfulAccountsReceivableRecoveries
28602 USD
CY2020Q2 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
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CY2019Q2 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
468233 USD
CY2020Q2 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
467200 USD
CY2019Q2 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
468233 USD
CY2020Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
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3900000 USD
CY2019Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
2800000 USD
CY2020Q2 us-gaap Deposit Contracts Assets
DepositContractsAssets
3700000 USD
CY2019Q4 us-gaap Deposit Contracts Assets
DepositContractsAssets
3600000 USD
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
3 segment
CY2020Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
10306986 shares
CY2019Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
10232588 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
10307715 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
10231025 shares
CY2020Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
10306986 shares
CY2019Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
10362038 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
10307715 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
10380195 shares
CY2020Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
547109 shares
CY2019Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
239750 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
449012 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
239750 shares
CY2020Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.259
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.228
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.228
CY2019Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.228
CY2020Q1 us-gaap Operating Loss Carryforwards
OperatingLossCarryforwards
6900000 USD
CY2020Q2 us-gaap Business Acquisition Purchase Price Allocation Goodwill Expected Tax Deductible Amount
BusinessAcquisitionPurchasePriceAllocationGoodwillExpectedTaxDeductibleAmount
25200000 USD
us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
600000 USD
CY2019Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.228
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.228
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.228
CY2020Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
2149647 USD
CY2020Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P3Y10M24D
CY2020Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.050
CY2020Q2 us-gaap Operating Lease Payments
OperatingLeasePayments
601248 USD
CY2020Q2 us-gaap Operating Lease Cost
OperatingLeaseCost
525679 USD
CY2020Q2 us-gaap Short Term Lease Cost
ShortTermLeaseCost
108359 USD
us-gaap Operating Lease Payments
OperatingLeasePayments
1106779 USD
us-gaap Operating Lease Cost
OperatingLeaseCost
1016698 USD
us-gaap Short Term Lease Cost
ShortTermLeaseCost
234737 USD
CY2020Q2 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
2084202 USD
CY2020Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
1860054 USD
CY2020Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
1260651 USD
CY2020Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
612394 USD
CY2020Q2 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
89124 USD
CY2020Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
8056072 USD
CY2020Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
872844 USD
CY2020Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
7183228 USD
CY2020Q2 bgsf Intangible Assets Accumulated Amortization
IntangibleAssetsAccumulatedAmortization
46800000 USD
CY2019Q4 bgsf Intangible Assets Accumulated Amortization
IntangibleAssetsAccumulatedAmortization
44300000 USD
us-gaap Capitalized Computer Software Additions
CapitalizedComputerSoftwareAdditions
71516 USD
us-gaap Capitalized Computer Software Period Increase Decrease
CapitalizedComputerSoftwarePeriodIncreaseDecrease
976954 USD
CY2020Q2 bgsf Amortizationof Acquired Intangible Assets
AmortizationofAcquiredIntangibleAssets
1106800 USD
CY2019Q2 bgsf Amortizationof Acquired Intangible Assets
AmortizationofAcquiredIntangibleAssets
923775 USD
bgsf Amortizationof Acquired Intangible Assets
AmortizationofAcquiredIntangibleAssets
2227105 USD
bgsf Amortizationof Acquired Intangible Assets
AmortizationofAcquiredIntangibleAssets
1874124 USD
CY2020Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
1224745 USD
CY2019Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
1002817 USD
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
2412187 USD
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
2031900 USD
CY2020Q2 bgsf Amortizationof Intangible Assets Net
AmortizationofIntangibleAssetsNet
1243567 USD
CY2019Q2 bgsf Amortizationof Intangible Assets Net
AmortizationofIntangibleAssetsNet
1021904 USD
bgsf Amortizationof Intangible Assets Net
AmortizationofIntangibleAssetsNet
2449831 USD
bgsf Amortizationof Intangible Assets Net
AmortizationofIntangibleAssetsNet
2056793 USD
CY2020Q2 us-gaap Accrued Salaries Current
AccruedSalariesCurrent
6511524 USD
CY2019Q4 us-gaap Accrued Salaries Current
AccruedSalariesCurrent
4505264 USD
CY2020Q2 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
1212218 USD
CY2019Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
1651436 USD
CY2020Q2 us-gaap Accrued Bonuses Current
AccruedBonusesCurrent
1716462 USD
CY2019Q4 us-gaap Accrued Bonuses Current
AccruedBonusesCurrent
1585681 USD
CY2020Q2 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
3394038 USD
CY2019Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
2742658 USD
CY2020Q2 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
12834242 USD
CY2019Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
10485039 USD
CY2020Q2 bgsf Business Combination Contingent Consideration Payment In Year One
BusinessCombinationContingentConsiderationPaymentInYearOne
1250000 USD
CY2020Q2 bgsf Interest Expense Earn Out Payable In Year One
InterestExpenseEarnOutPayableInYearOne
66080 USD
CY2020Q2 us-gaap Business Combination Contingent Consideration Liability Current
BusinessCombinationContingentConsiderationLiabilityCurrent
1183920 USD
CY2020Q2 bgsf Business Combination Contingent Consideration Payment In Year Two
BusinessCombinationContingentConsiderationPaymentInYearTwo
1250000 USD
CY2020Q2 bgsf Interest Expense Earn Out Payable In Year Two
InterestExpenseEarnOutPayableInYearTwo
162747 USD
CY2020Q2 us-gaap Business Combination Contingent Consideration Liability Noncurrent
BusinessCombinationContingentConsiderationLiabilityNoncurrent
1087253 USD
CY2020Q2 bgsf Business Combination Contingent Consideration Payments Due
BusinessCombinationContingentConsiderationPaymentsDue
2500000 USD
CY2020Q2 bgsf Interest Expense Earn Out Payable Total
InterestExpenseEarnOutPayableTotal
228827 USD
CY2020Q2 us-gaap Business Combination Contingent Consideration Liability
BusinessCombinationContingentConsiderationLiability
2271173 USD
CY2020Q2 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
100000 USD
CY2020Q2 us-gaap Line Of Credit Facility Average Outstanding Amount
LineOfCreditFacilityAverageOutstandingAmount
13000000.0 USD
CY2019Q2 us-gaap Line Of Credit Facility Average Outstanding Amount
LineOfCreditFacilityAverageOutstandingAmount
14900000 USD
us-gaap Line Of Credit Facility Average Outstanding Amount
LineOfCreditFacilityAverageOutstandingAmount
16100000 USD
us-gaap Line Of Credit Facility Average Outstanding Amount
LineOfCreditFacilityAverageOutstandingAmount
12500000 USD
CY2020Q2 us-gaap Derivative Notional Amount
DerivativeNotionalAmount
25000000.0 USD
CY2020Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
19500000 shares
CY2020Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2020Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
500000 shares
CY2020Q2 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
22240 shares
CY2019Q4 bgsf Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Exercisable
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsExercisable
64482 shares
CY2019Q4 bgsf Sharebased Compensation Arrangementby Sharebased Payment Award Non Option Equity Instruments Vestedand Expectedto Vest Exercisable Weighted Average Exercise Price
SharebasedCompensationArrangementbySharebasedPaymentAwardNonOptionEquityInstrumentsVestedandExpectedtoVestExercisableWeightedAverageExercisePrice
13.84
CY2020Q2 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
400000 USD
CY2019Q2 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
300000 USD
us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
700000 USD
us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
600000 USD
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
3 segment
CY2020Q2 us-gaap Revenues
Revenues
62606334 USD
CY2019Q2 us-gaap Revenues
Revenues
73857890 USD
us-gaap Revenues
Revenues
136673763 USD
us-gaap Revenues
Revenues
142633957 USD
CY2020Q2 us-gaap Depreciation
Depreciation
219206 USD
CY2019Q2 us-gaap Depreciation
Depreciation
201420 USD
us-gaap Depreciation
Depreciation
446478 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
-3427369 USD
us-gaap Depreciation
Depreciation
403846 USD
CY2020Q2 us-gaap Adjustment For Amortization
AdjustmentForAmortization
1224745 USD
CY2019Q2 us-gaap Adjustment For Amortization
AdjustmentForAmortization
1002817 USD
us-gaap Adjustment For Amortization
AdjustmentForAmortization
2412187 USD
us-gaap Adjustment For Amortization
AdjustmentForAmortization
2031900 USD
CY2020Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
-6084763 USD
CY2019Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
5420758 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
9007467 USD
CY2020Q2 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
847294 USD
CY2019Q2 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
332288 USD
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
1896967 USD
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
673752 USD
CY2020Q2 us-gaap Assets
Assets
126955730 USD
CY2019Q4 us-gaap Assets
Assets
115586044 USD

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