2023 Q1 Form 10-K Financial Statement

#000147490323000031 Filed on March 16, 2023

View on sec.gov

Income Statement

Concept 2023 Q1 2023
Revenue $77.28M $298.4M
YoY Change 12.75% 0.01%
Cost Of Revenue $50.23M $194.9M
YoY Change 11.34% -0.01%
Gross Profit $27.06M $103.5M
YoY Change 15.48% 0.05%
Gross Profit Margin 35.01% 34.7%
Selling, General & Admin $23.21M $83.21M
YoY Change 17.72% 0.38%
% of Gross Profit 85.78% 80.36%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $1.088M $597.4K
YoY Change 578.93% -85.29%
% of Gross Profit 4.02% 0.58%
Operating Expenses $24.30M $83.21M
YoY Change 23.24% -4.24%
Operating Profit $2.760M $16.28M
YoY Change -1.97% -1.91%
Interest Expense -$645.0K -$1.363M
YoY Change 135.94% -2.64%
% of Operating Profit -23.37% -8.37%
Other Income/Expense, Net
YoY Change
Pretax Income $2.115M $14.92M
YoY Change -16.8% 0.14%
Income Tax $698.0K $8.469M
% Of Pretax Income 33.0% 56.76%
Net Earnings $1.417M $25.36M
YoY Change -91.03% -0.15%
Net Earnings / Revenue 1.83% 8.5%
Basic Earnings Per Share $2.43
Diluted Earnings Per Share $0.14 $2.42
COMMON SHARES
Basic Shares Outstanding 10.79M shares 10.43M shares
Diluted Shares Outstanding 10.47M shares

Balance Sheet

Concept 2023 Q1 2023
SHORT-TERM ASSETS
Cash & Short-Term Investments $0.00 $0.00
YoY Change
Cash & Equivalents $0.00 $0.00
Short-Term Investments
Other Short-Term Assets $7.459M $76.16M
YoY Change 53.89% 828.8%
Inventory
Prepaid Expenses $2.418M
Receivables $66.28M $66.28M
Other Receivables $1.699M $1.699M
Total Short-Term Assets $76.16M $76.16M
YoY Change 37.98% -0.05%
LONG-TERM ASSETS
Property, Plant & Equipment $2.081M $2.081M
YoY Change -66.56% -67.98%
Goodwill $55.19M
YoY Change 89.39%
Intangibles $47.55M
YoY Change 44.94%
Long-Term Investments
YoY Change
Other Assets $4.411M $13.69M
YoY Change 302.04% 48.75%
Total Long-Term Assets $118.5M $118.5M
YoY Change 47.55% 0.01%
TOTAL ASSETS
Total Short-Term Assets $76.16M $76.16M
Total Long-Term Assets $118.5M $118.5M
Total Assets $194.7M $194.7M
YoY Change 43.65% -0.01%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $586.8K $586.8K
YoY Change -48.46% -2.2%
Accrued Expenses $19.17M $7.855M
YoY Change 23.75% -0.57%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $4.000M $4.000M
YoY Change 0.0%
Total Short-Term Liabilities $28.21M $28.21M
YoY Change 4.77% 0.02%
LONG-TERM LIABILITIES
Long-Term Debt $36.00M $62.67M
YoY Change -0.05%
Other Long-Term Liabilities $10.24K $3.059M
YoY Change -33.1% -1.32%
Total Long-Term Liabilities $36.01M $65.73M
YoY Change 235153.41% -0.11%
TOTAL LIABILITIES
Total Short-Term Liabilities $28.21M $28.21M
Total Long-Term Liabilities $36.01M $65.73M
Total Liabilities $93.94M $93.94M
YoY Change 111.93% 0.04%
SHAREHOLDERS EQUITY
Retained Earnings $33.66M
YoY Change 16.78%
Common Stock $69.83K
YoY Change 4.92%
Preferred Stock
YoY Change
Treasury Stock (at cost) $1.845K
YoY Change
Treasury Stock Shares 610.0 shares
Shareholders Equity $100.7M $100.7M
YoY Change
Total Liabilities & Shareholders Equity $194.7M $194.7M
YoY Change 43.65% -0.01%

Cashflow Statement

Concept 2023 Q1 2023
OPERATING ACTIVITIES
Net Income $1.417M $25.36M
YoY Change -91.03% -0.15%
Depreciation, Depletion And Amortization $1.088M $597.4K
YoY Change 578.93% -85.29%
Cash From Operating Activities $708.5K -$7.122M
YoY Change -283.8% 0.03%
INVESTING ACTIVITIES
Capital Expenditures $1.000M $5.680M
YoY Change -148.79% 0.0%
Acquisitions $33.94M
YoY Change
Other Investing Activities -$33.53M -$8.898M
YoY Change -210.71% 174.63%
Cash From Investing Activities -$34.53M -$8.924M
YoY Change -222.29% 0.04%
FINANCING ACTIVITIES
Cash Dividend Paid $6.290M
YoY Change
Common Stock Issuance & Retirement, Net -$1.188K
YoY Change -100.18%
Debt Paid & Issued, Net $26.86M
YoY Change
Cash From Financing Activities 33.82M $15.93M
YoY Change -220.95% 0.03%
NET CHANGE
Cash From Operating Activities 708.5K -$7.122M
Cash From Investing Activities -34.53M -$8.924M
Cash From Financing Activities 33.82M $15.93M
Net Change In Cash 10.00 -$112.1K
YoY Change -100.01% 1.91%
FREE CASH FLOW
Cash From Operating Activities $708.5K -$7.122M
Capital Expenditures $1.000M $5.680M
Free Cash Flow -$291.8K -$12.80M
YoY Change -117.53% 0.02%

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CY2023 us-gaap Nature Of Operations
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NATURE OF OPERATIONS<div style="text-align:justify;text-indent:49.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span></div><div style="text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">BGSF, Inc., provides workforce solutions to a variety of industries through its various divisions in IT, Cyber, Finance &amp; Accounting, Managed Services, and Real Estate (apartment communities and commercial buildings) (collectively, the “Company”).</span></div><div style="text-align:justify;text-indent:18pt"><span><br/></span></div><div style="text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">On February 8, 2021, the Company acquired substantially all of the assets, and assumed certain of the liabilities of Momentum Solutionz LLC (“Momentum”). See “Note 3- Acquisitions.”</span></div><div style="text-align:justify;text-indent:18pt"><span><br/></span></div><div style="text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">On March 21, 2022, the Company completed the sale of substantially all its Light Industrial segment (“InStaff”) assets to Jobandtalent (“J&amp;T”), through the wholly-owned subsidiary, Sentech Engineering Services, Inc. Instaff's financial results for reported periods have been reflected in our Consolidated Statements of Operations and Comprehensive Income and Consolidated Statements of Cash Flows as discontinued operations. Additionally, the related assets and liabilities associated with the discontinued operations are classified as discontinued operations in the Consolidated Balance Sheets. See “Note 4 - Discontinued Operations” in the Consolidated Financial Statements included elsewhere in this report for additional information.</span></div><div><span><br/></span></div><div style="text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">On December 12, 2022, the Company acquired substantially all of the assets, and assumed certain of the liabilities of Horn Solutions, Inc. and Horn Solutions Dallas, LLC (collectively “Horn Solutions”). See “Note 3- Acquisitions.”</span></div><div style="text-align:justify;text-indent:18pt"><span><br/></span></div><div style="text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">The Company operates primarily within the United States of America in the Real Estate and Professional industry segments.</span></div><div style="text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span></div><div style="text-align:justify;text-indent:18pt"><span style="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 36 states and D.C., via property management companies responsible for the apartment communities' and commercial buildings' day-to-day operations. The Real Estate segment currently operates through two divisions, BG Multifamily and BG Talent. </span></div><div style="text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span></div><div style="text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Professional segment provides specialized talent and business consultants on a nationwide basis for information technology (“IT”), managed services, finance, accounting, legal and human resource client partner projects. The Professional segment currently operates through three divisions, IT Consulting, Managed Services, and Finance and Accounting under various trade names including Extrinsic, American Partners, Donovan &amp; Watkins, Vision Technology Services, Zycron, Smart Resources, L.J. Kushner &amp; Associates, EdgeRock Technology Partners, Momentum Solutionz, and Horn Solutions.</span></div>
CY2021 us-gaap Business Acquisition Pro Forma Earnings Per Share Basic
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CY2023 us-gaap Fiscal Period
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<div style="text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration:underline">Fiscal Year</span></div><div style="text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span></div><div style="text-align:justify;text-indent:18pt"><span style="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 years for the consolidated financial statements included herein are for the 53 weeks ended January 1, 2023, and 52 weeks ended December 26, 2021, and December 27, 2020, referred to herein as Fiscal 2022, 2021, and 2020, respectively.</span></div>
CY2023 us-gaap Prior Period Reclassification Adjustment Description
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<div style="text-indent:18pt"><span style="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-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span></div><div style="text-align:justify;text-indent:18pt"><span style="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 2020 and 2021 financial statements to conform with the 2022 presentation.</span></div>
CY2023 us-gaap Use Of Estimates
UseOfEstimates
<div style="text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration:underline">Management Estimates</span></div><div style="text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span></div><div style="text-align:justify;text-indent:18pt"><span style="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 generally accepted accounting principles in United States of America (“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, lease liability, contingent consideration obligations related to acquisitions, and income taxes. Additionally, the valuation of share-based </span></div>compensation 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.
CY2022Q1 us-gaap Discontinued Operation Gain Loss From Disposal Of Discontinued Operation Before Income Tax
DiscontinuedOperationGainLossFromDisposalOfDiscontinuedOperationBeforeIncomeTax
17700000 usd
CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
448622 usd
CY2020Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
492087 usd
CY2023 us-gaap Accounts Receivable Purchase
AccountsReceivablePurchase
108983 usd
CY2021 us-gaap Accounts Receivable Purchase
AccountsReceivablePurchase
0 usd
CY2023 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
315036 usd
CY2021 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
221240 usd
CY2023 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
315036 usd
CY2021 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
264705 usd
CY2023Q1 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
557605 usd
CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
448622 usd
CY2023Q1 us-gaap Deposit Contracts Assets
DepositContractsAssets
2400000 usd
CY2021Q4 us-gaap Deposit Contracts Assets
DepositContractsAssets
3900000 usd
CY2021Q4 bgsf Intangible Assets Accumulated Amortization
IntangibleAssetsAccumulatedAmortization
41060626 usd
CY2021Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
33584910 usd
CY2021Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
4277938 usd
CY2023Q1 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
19170794 usd
CY2021Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
16153920 usd
CY2023 us-gaap Impairment Of Intangible Assets Excluding Goodwill
ImpairmentOfIntangibleAssetsExcludingGoodwill
0 usd
CY2021 us-gaap Impairment Of Intangible Assets Excluding Goodwill
ImpairmentOfIntangibleAssetsExcludingGoodwill
0 usd
CY2021 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 usd
CY2023 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 usd
CY2020 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 usd
CY2021Q4 us-gaap Furniture And Fixtures Gross
FurnitureAndFixturesGross
1401015 usd
CY2023Q1 us-gaap Capitalized Computer Software Gross
CapitalizedComputerSoftwareGross
4077083 usd
CY2021Q4 us-gaap Capitalized Computer Software Gross
CapitalizedComputerSoftwareGross
5839675 usd
CY2023Q1 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
6980108 usd
CY2021Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
8624699 usd
CY2023 us-gaap Advertising Expense
AdvertisingExpense
1800000 usd
CY2021 us-gaap Advertising Expense
AdvertisingExpense
1300000 usd
CY2020 us-gaap Advertising Expense
AdvertisingExpense
1600000 usd
CY2023 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
10426821 shares
CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
10367054 shares
CY2020 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
10311606 shares
CY2023 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
10472845 shares
CY2021 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
10416610 shares
CY2020 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
10338029 shares
CY2023 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
614790 shares
CY2021 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
401450 shares
CY2020 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
449212 shares
CY2023Q1 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
4898993 usd
CY2021Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
4293647 usd
CY2023Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
2081115 usd
CY2021Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
4331052 usd
CY2020 us-gaap Depreciation
Depreciation
800000 usd
CY2023Q1 bgsf Goodwill Amount Expected To Be Tax Deductible
GoodwillAmountExpectedToBeTaxDeductible
50400000 usd
CY2023Q1 us-gaap Deferred Tax Assets Operating Loss Carryforwards Not Subject To Expiration
DeferredTaxAssetsOperatingLossCarryforwardsNotSubjectToExpiration
3900000 usd
CY2023Q1 bgsf Net Operating Loss Carry Forward Limitation
NetOperatingLossCarryForwardLimitation
1300000 usd
CY2021Q4 us-gaap Debt Instrument Convertible Conversion Price1
DebtInstrumentConvertibleConversionPrice1
17.12
CY2023 us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
326798000 usd
CY2021 us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
262398000 usd
CY2023 bgsf Business Acquisition Pro Forma Gross Profit
BusinessAcquisitionProFormaGrossProfit
116781000 usd
CY2021 bgsf Business Acquisition Pro Forma Gross Profit
BusinessAcquisitionProFormaGrossProfit
91073000 usd
CY2023 us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
11106000 usd
CY2021 us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
8997000 usd
CY2023 us-gaap Business Acquisition Pro Forma Earnings Per Share Basic
BusinessAcquisitionProFormaEarningsPerShareBasic
1.06
CY2023Q1 bgsf Cares Act Receivable
CARESActReceivable
2368049 usd
CY2021Q4 bgsf Cares Act Receivable
CARESActReceivable
2368049 usd
CY2023Q1 us-gaap Income Taxes Receivable
IncomeTaxesReceivable
1667235 usd
CY2021Q4 us-gaap Income Taxes Receivable
IncomeTaxesReceivable
0 usd
CY2023Q1 bgsf Workers Compensation Deposit Refund Receivable
WorkersCompensationDepositRefundReceivable
448155 usd
CY2021Q4 bgsf Workers Compensation Deposit Refund Receivable
WorkersCompensationDepositRefundReceivable
0 usd
CY2023Q1 us-gaap Business Combination Contingent Consideration Asset Current
BusinessCombinationContingentConsiderationAssetCurrent
410771 usd
CY2021Q4 us-gaap Business Combination Contingent Consideration Asset Current
BusinessCombinationContingentConsiderationAssetCurrent
0 usd
CY2023Q1 us-gaap Other Assets Miscellaneous Current
OtherAssetsMiscellaneousCurrent
31389 usd
CY2021Q4 us-gaap Other Assets Miscellaneous Current
OtherAssetsMiscellaneousCurrent
13148 usd
CY2023Q1 us-gaap Other Assets Current
OtherAssetsCurrent
7459195 usd
CY2021Q4 us-gaap Other Assets Current
OtherAssetsCurrent
2381197 usd
CY2023Q1 us-gaap Leasehold Improvements Gross
LeaseholdImprovementsGross
1397316 usd
CY2021Q4 us-gaap Leasehold Improvements Gross
LeaseholdImprovementsGross
1384009 usd
CY2023Q1 us-gaap Furniture And Fixtures Gross
FurnitureAndFixturesGross
1505709 usd
CY2023Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P3Y3M18D
CY2021Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P2Y8M12D
CY2020Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P3Y6M
CY2023Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.052
CY2021Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.050
CY2020Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.049
CY2023 us-gaap Operating Lease Payments
OperatingLeasePayments
2115000 usd
CY2021 us-gaap Operating Lease Payments
OperatingLeasePayments
2136000 usd
CY2020 us-gaap Operating Lease Payments
OperatingLeasePayments
1987000 usd
CY2023 us-gaap Operating Lease Cost
OperatingLeaseCost
1887000 usd
CY2021 us-gaap Operating Lease Cost
OperatingLeaseCost
1907000 usd
CY2020 us-gaap Operating Lease Cost
OperatingLeaseCost
1859000 usd
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
2042792 usd
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
1538403 usd
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
805455 usd
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
401920 usd
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
379132 usd
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
168333 usd
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
5336035 usd
CY2023Q1 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
445354 usd
CY2023Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
4890681 usd
CY2023Q1 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
68208376 usd
CY2023Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
43200531 usd
CY2023Q1 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
25007845 usd
CY2023Q1 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
92185376 usd
CY2023Q1 bgsf Intangible Assets Accumulated Amortization
IntangibleAssetsAccumulatedAmortization
44632965 usd
CY2023Q1 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
47552411 usd
CY2021Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
50668536 usd
CY2021Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
39628192 usd
CY2021Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
11040344 usd
CY2021Q4 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
74645536 usd
CY2023Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
6563709 usd
CY2023Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
5442478 usd
CY2023Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
4017497 usd
CY2023Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
2882030 usd
CY2023Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
2329279 usd
CY2023Q1 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
3772852 usd
CY2023Q1 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
25007845 usd
CY2023 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
3500000 usd
CY2021 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
3000000 usd
CY2020 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
4100000 usd
CY2020Q4 us-gaap Goodwill
Goodwill
27052060 usd
CY2021 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
2089823 usd
CY2021Q4 us-gaap Goodwill
Goodwill
29141883 usd
CY2023 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
26051018 usd
CY2023Q1 us-gaap Goodwill
Goodwill
55192901 usd
CY2023Q1 us-gaap Accounts Payable Other Current
AccountsPayableOtherCurrent
6923137 usd
CY2021Q4 us-gaap Accounts Payable Other Current
AccountsPayableOtherCurrent
6042341 usd
CY2023Q1 us-gaap Accrued Bonuses Current
AccruedBonusesCurrent
940849 usd
CY2021Q4 us-gaap Accrued Bonuses Current
AccruedBonusesCurrent
1310918 usd
CY2023Q1 us-gaap Accrued Salaries Current
AccruedSalariesCurrent
5740394 usd
CY2021Q4 us-gaap Accrued Salaries Current
AccruedSalariesCurrent
4522723 usd
CY2023Q1 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
5566414 usd
CY2023Q1 bgsf Business Combination Contingent Consideration Payment In Less Than One Year
BusinessCombinationContingentConsiderationPaymentInLessThanOneYear
1110000 usd
CY2023Q1 bgsf Interest Expense Earn Out Payable In Less Than One Year
InterestExpenseEarnOutPayableInLessThanOneYear
28940 usd
CY2023Q1 bgsf Business Combination Contingent Consideration Liability Noncurrent Less Than One Year
BusinessCombinationContingentConsiderationLiabilityNoncurrentLessThanOneYear
1081060 usd
CY2023Q1 us-gaap Income Taxes Receivable
IncomeTaxesReceivable
1700000 usd
CY2023Q1 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
300000 usd
CY2021Q4 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
400000 usd
CY2023 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
589528 usd
CY2021 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
594483 usd
CY2020 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
752397 usd
CY2023 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
716942 usd
CY2021 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
765716 usd
CY2020 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
919966 usd
CY2023 bgsf Deferred Income Tax Expense Benefitand Other Adjustments
DeferredIncomeTaxExpenseBenefitandOtherAdjustments
2352601 usd
CY2021 bgsf Deferred Income Tax Expense Benefitand Other Adjustments
DeferredIncomeTaxExpenseBenefitandOtherAdjustments
1279388 usd
CY2020 bgsf Deferred Income Tax Expense Benefitand Other Adjustments
DeferredIncomeTaxExpenseBenefitandOtherAdjustments
-2413019 usd
CY2023 bgsf Income Tax Expense Benefit From Continuing Operations
IncomeTaxExpenseBenefitFromContinuingOperations
3659071 usd
CY2021 bgsf Income Tax Expense Benefit From Continuing Operations
IncomeTaxExpenseBenefitFromContinuingOperations
2639587 usd
CY2020 bgsf Income Tax Expense Benefit From Continuing Operations
IncomeTaxExpenseBenefitFromContinuingOperations
-740656 usd
CY2023 bgsf Income Tax Expense Benefit From Discontinued Operations
IncomeTaxExpenseBenefitFromDiscontinuedOperations
4810362 usd
CY2021 bgsf Income Tax Expense Benefit From Discontinued Operations
IncomeTaxExpenseBenefitFromDiscontinuedOperations
918613 usd
CY2020 bgsf Income Tax Expense Benefit From Discontinued Operations
IncomeTaxExpenseBenefitFromDiscontinuedOperations
1253748 usd
CY2023 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
8469433 usd
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
3558200 usd
CY2020 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
513092 usd
CY2023Q1 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Allowance For Doubtful Accounts
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAllowanceForDoubtfulAccounts
127430 usd
CY2021Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Allowance For Doubtful Accounts
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAllowanceForDoubtfulAccounts
103609 usd
CY2023Q1 us-gaap Deferred Tax Assets Goodwill And Intangible Assets
DeferredTaxAssetsGoodwillAndIntangibleAssets
786455 usd
CY2021Q4 us-gaap Deferred Tax Assets Goodwill And Intangible Assets
DeferredTaxAssetsGoodwillAndIntangibleAssets
996763 usd
CY2023Q1 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefits
404050 usd
CY2021Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefits
207600 usd
CY2023Q1 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Contingencies
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsContingencies
271130 usd
CY2021Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Contingencies
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsContingencies
535687 usd
CY2023Q1 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
0 usd
CY2021Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
1843081 usd
CY2023Q1 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
503961 usd
CY2021Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
452029 usd
CY2023Q1 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
984902 usd
CY2021Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
1356294 usd
CY2023Q1 us-gaap Deferred Tax Liabilities Prepaid Expenses
DeferredTaxLiabilitiesPrepaidExpenses
579593 usd
CY2021Q4 us-gaap Deferred Tax Liabilities Prepaid Expenses
DeferredTaxLiabilitiesPrepaidExpenses
579027 usd
CY2023Q1 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
302651 usd
CY2021Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
367751 usd
CY2023Q1 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
2195684 usd
CY2021Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
4548285 usd
CY2023 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
3133256 usd
CY2023 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2021 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
2750467 usd
CY2021 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2020 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
-590634 usd
CY2020 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2023 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
794554 usd
CY2023 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.053
CY2021 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
1100072 usd
CY2021 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.084
CY2020 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
96269 usd
CY2020 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
-0.034
CY2023 bgsf Effective Income Tax Rate Reconciliation Permanent Differenceand Other Amount
EffectiveIncomeTaxRateReconciliationPermanentDifferenceandOtherAmount
178493 usd
CY2023 bgsf Effective Income Tax Rate Reconciliation Permanent Differencesand Other Percent
EffectiveIncomeTaxRateReconciliationPermanentDifferencesandOtherPercent
0.012
CY2021 bgsf Effective Income Tax Rate Reconciliation Permanent Differenceand Other Amount
EffectiveIncomeTaxRateReconciliationPermanentDifferenceandOtherAmount
-503123 usd
CY2021 bgsf Effective Income Tax Rate Reconciliation Permanent Differencesand Other Percent
EffectiveIncomeTaxRateReconciliationPermanentDifferencesandOtherPercent
-0.039
CY2020 bgsf Effective Income Tax Rate Reconciliation Permanent Differenceand Other Amount
EffectiveIncomeTaxRateReconciliationPermanentDifferenceandOtherAmount
239020 usd
CY2020 bgsf Effective Income Tax Rate Reconciliation Permanent Differencesand Other Percent
EffectiveIncomeTaxRateReconciliationPermanentDifferencesandOtherPercent
-0.085
CY2023 us-gaap Income Tax Reconciliation Tax Credits
IncomeTaxReconciliationTaxCredits
447232 usd
CY2023 us-gaap Effective Income Tax Rate Reconciliation Tax Credits
EffectiveIncomeTaxRateReconciliationTaxCredits
0.030
CY2021 us-gaap Income Tax Reconciliation Tax Credits
IncomeTaxReconciliationTaxCredits
707829 usd
CY2021 us-gaap Effective Income Tax Rate Reconciliation Tax Credits
EffectiveIncomeTaxRateReconciliationTaxCredits
0.054
CY2020 us-gaap Income Tax Reconciliation Tax Credits
IncomeTaxReconciliationTaxCredits
485311 usd
CY2020 us-gaap Effective Income Tax Rate Reconciliation Tax Credits
EffectiveIncomeTaxRateReconciliationTaxCredits
-0.173
CY2023 bgsf Income Tax Expense Benefit From Continuing Operations
IncomeTaxExpenseBenefitFromContinuingOperations
3659071 usd
CY2023 bgsf Effective Income Tax Rate Reconciliation Continuing Operations Percent
EffectiveIncomeTaxRateReconciliationContinuingOperationsPercent
0.245
CY2021 bgsf Income Tax Expense Benefit From Continuing Operations
IncomeTaxExpenseBenefitFromContinuingOperations
2639587 usd
CY2021 bgsf Effective Income Tax Rate Reconciliation Continuing Operations Percent
EffectiveIncomeTaxRateReconciliationContinuingOperationsPercent
0.201
CY2020 bgsf Income Tax Expense Benefit From Continuing Operations
IncomeTaxExpenseBenefitFromContinuingOperations
-740656 usd
CY2020 bgsf Effective Income Tax Rate Reconciliation Continuing Operations Percent
EffectiveIncomeTaxRateReconciliationContinuingOperationsPercent
0.264
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CY2023 dei Auditor Firm
AuditorFirmId
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