2024 Q1 Form 10-K Financial Statement

#000143774924007884 Filed on March 14, 2024

View on sec.gov

Income Statement

Concept 2024 Q1 2023 Q4 2023
Revenue $71.94M $71.03M $263.2M
YoY Change 22.14% 29.12%
Cost Of Revenue $51.57M $49.40M $186.5M
YoY Change 21.09% 23.74%
Gross Profit $20.37M $21.63M $76.70M
YoY Change 24.62% 44.37%
Gross Profit Margin 28.31% 30.45% 29.14%
Selling, General & Admin $14.20M $13.40M $52.19M
YoY Change 6.79% 24.19%
% of Gross Profit 69.72% 61.96% 68.04%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $332.0K $322.0K $1.214M
YoY Change 21.05% 10.16%
% of Gross Profit 1.63% 1.49% 1.58%
Operating Expenses $14.53M $13.73M $53.40M
YoY Change 8.95% 36.96%
Operating Profit $5.836M $7.906M $23.30M
YoY Change 66.09% 64.81%
Interest Expense -$426.0K -$532.0K -$1.497M
YoY Change -1067.27% 780.59%
% of Operating Profit -7.3% -6.73% -6.43%
Other Income/Expense, Net -$426.0K -$532.0K -$1.497M
YoY Change -1067.27% 574.32%
Pretax Income $5.410M $7.374M $22.20M
YoY Change 53.15% 59.52%
Income Tax $1.500M $2.119M $5.364M
% Of Pretax Income 27.73% 28.74% 24.17%
Net Earnings $3.952M $5.255M $16.83M
YoY Change 49.37% 53.16%
Net Earnings / Revenue 5.49% 7.4% 6.39%
Basic Earnings Per Share $0.50 $2.03
Diluted Earnings Per Share $0.48 $0.65 $1.96
COMMON SHARES
Basic Shares Outstanding 7.939M 7.832M 8.309M
Diluted Shares Outstanding 8.171M 8.593M

Balance Sheet

Concept 2024 Q1 2023 Q4 2023
SHORT-TERM ASSETS
Cash & Short-Term Investments $2.099M $6.284M $6.284M
YoY Change 725.76% 2574.04%
Cash & Equivalents $2.099M $6.284M $6.284M
Short-Term Investments
Other Short-Term Assets $4.515M $4.637M $4.637M
YoY Change 175.36% 86.52%
Inventory
Prepaid Expenses
Receivables $73.49M $79.58M $79.58M
Other Receivables $9.722M $0.00 $0.00
Total Short-Term Assets $89.82M $90.50M $90.50M
YoY Change 62.84% 74.14%
LONG-TERM ASSETS
Property, Plant & Equipment $4.386M $6.784M $6.784M
YoY Change 216.71% 77.78%
Goodwill $22.15M $22.15M
YoY Change 35.42%
Intangibles $638.0K $683.0K
YoY Change -20.95%
Long-Term Investments
YoY Change
Other Assets $343.0K $368.0K $368.0K
YoY Change -33.21% -48.24%
Total Long-Term Assets $30.66M $29.98M $29.98M
YoY Change 41.22% 43.59%
TOTAL ASSETS
Total Short-Term Assets $89.82M $90.50M $90.50M
Total Long-Term Assets $30.66M $29.98M $29.98M
Total Assets $120.5M $120.5M $120.5M
YoY Change 56.86% 65.38%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $45.31M $12.45M $12.45M
YoY Change -6.59% 9.53%
Accrued Expenses $12.79M $11.90M $11.90M
YoY Change -35.74% -18.12%
Deferred Revenue $3.514M $1.881M
YoY Change 68.1%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $116.0K $233.0K $233.0K
YoY Change -49.46% -46.68%
Total Short-Term Liabilities $62.81M $58.20M $58.20M
YoY Change 59.22% 94.92%
LONG-TERM LIABILITIES
Long-Term Debt $22.16M $30.80M $30.80M
YoY Change 1941.35% 110.22%
Other Long-Term Liabilities $4.315M $3.939M $3.939M
YoY Change 101.38% 76.56%
Total Long-Term Liabilities $26.47M $34.74M $34.74M
YoY Change 902.68% 105.77%
TOTAL LIABILITIES
Total Short-Term Liabilities $62.81M $58.20M $58.20M
Total Long-Term Liabilities $26.47M $34.74M $34.74M
Total Liabilities $91.09M $94.69M $94.69M
YoY Change 136.23% 101.98%
SHAREHOLDERS EQUITY
Retained Earnings -$15.31M -$19.27M
YoY Change -52.94%
Common Stock $887.0K $882.0K
YoY Change 2.44%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $29.40M $25.79M $25.79M
YoY Change
Total Liabilities & Shareholders Equity $120.5M $120.5M $120.5M
YoY Change 56.86% 65.38%

Cashflow Statement

Concept 2024 Q1 2023 Q4 2023
OPERATING ACTIVITIES
Net Income $3.952M $5.255M $16.83M
YoY Change 49.37% 53.16%
Depreciation, Depletion And Amortization $332.0K $322.0K $1.214M
YoY Change 21.05% 10.16%
Cash From Operating Activities $6.426M -$15.07M $12.48M
YoY Change -13922.02% 1264.15%
INVESTING ACTIVITIES
Capital Expenditures $669.0K $2.056M $2.931M
YoY Change -881.75% 416.02%
Acquisitions $0.00
YoY Change
Other Investing Activities -$5.000K $395.0K
YoY Change -103.57% -94.24%
Cash From Investing Activities -$669.0K -$2.056M -$2.536M
YoY Change 1571.54% -140.31%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net -$25.07M
YoY Change -377.24%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$9.714M 22.71M -3.852M
YoY Change -1090.23% -49.01%
NET CHANGE
Cash From Operating Activities $6.426M -15.07M 12.48M
Cash From Investing Activities -$669.0K -2.056M -2.536M
Cash From Financing Activities -$9.714M 22.71M -3.852M
Net Change In Cash -$4.185M 5.584M 6.094M
YoY Change -342.05% -1321.24%
FREE CASH FLOW
Cash From Operating Activities $6.426M -$15.07M $12.48M
Capital Expenditures $669.0K $2.056M $2.931M
Free Cash Flow $5.757M -$17.12M $9.551M
YoY Change -4702.69% 2652.45%

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CY2022Q1 us-gaap Liabilities And Stockholders Equity
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CY2023 us-gaap Revenue From Contract With Customer Including Assessed Tax
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263237000 usd
CY2022 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
284680000 usd
CY2022 us-gaap Revenue From Contract With Customer Including Assessed Tax
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203875000 usd
CY2023 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
186541000 usd
CY2022 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
201753000 usd
CY2022 us-gaap Cost Of Goods And Services Sold
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150751000 usd
CY2023 us-gaap Gross Profit
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76696000 usd
CY2022 us-gaap Gross Profit
GrossProfit
82927000 usd
CY2022 us-gaap Gross Profit
GrossProfit
53124000 usd
CY2023 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
52185000 usd
CY2022 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
53395000 usd
CY2022 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
42019000 usd
CY2023 us-gaap Depreciation Nonproduction
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1032000 usd
CY2022 us-gaap Depreciation Nonproduction
DepreciationNonproduction
995000 usd
CY2022 us-gaap Depreciation Nonproduction
DepreciationNonproduction
1007000 usd
CY2023 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
182000 usd
CY2022 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
46000 usd
CY2022 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
95000 usd
CY2023 us-gaap Gain Loss On Sale Of Business
GainLossOnSaleOfBusiness
395000 usd
CY2022 us-gaap Gain Loss On Sale Of Business
GainLossOnSaleOfBusiness
219000 usd
CY2022 us-gaap Gain Loss On Sale Of Business
GainLossOnSaleOfBusiness
2420000 usd
CY2023 us-gaap Business Combination Provisional Information Initial Accounting Incomplete Adjustment Consideration Transferred
BusinessCombinationProvisionalInformationInitialAccountingIncompleteAdjustmentConsiderationTransferred
-0 usd
CY2022 us-gaap Business Combination Provisional Information Initial Accounting Incomplete Adjustment Consideration Transferred
BusinessCombinationProvisionalInformationInitialAccountingIncompleteAdjustmentConsiderationTransferred
88000 usd
CY2022 us-gaap Business Combination Provisional Information Initial Accounting Incomplete Adjustment Consideration Transferred
BusinessCombinationProvisionalInformationInitialAccountingIncompleteAdjustmentConsiderationTransferred
1713000 usd
CY2023 us-gaap Operating Expenses
OperatingExpenses
53004000 usd
CY2022 us-gaap Operating Expenses
OperatingExpenses
54129000 usd
CY2022 us-gaap Operating Expenses
OperatingExpenses
38988000 usd
CY2023 us-gaap Operating Income Loss
OperatingIncomeLoss
23692000 usd
CY2022 us-gaap Operating Income Loss
OperatingIncomeLoss
28798000 usd
CY2022 us-gaap Operating Income Loss
OperatingIncomeLoss
14136000 usd
CY2023 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-1399000 usd
CY2022 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-370000 usd
CY2022 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
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CY2023 us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1
0 usd
CY2022 us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1
0 usd
CY2022 us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1
52000 usd
CY2023 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-98000 usd
CY2022 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
52000 usd
CY2022 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
195000 usd
CY2023 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-1497000 usd
CY2022 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-318000 usd
CY2022 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
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CY2023 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
22195000 usd
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
28480000 usd
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
13914000 usd
CY2023 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
5364000 usd
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
7591000 usd
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
2925000 usd
CY2023 us-gaap Net Income Loss
NetIncomeLoss
16831000 usd
CY2022 us-gaap Net Income Loss
NetIncomeLoss
20889000 usd
CY2022 us-gaap Net Income Loss
NetIncomeLoss
10989000 usd
CY2023 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.03
CY2022 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.08
CY2022 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1
CY2023 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.96
CY2022 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2
CY2022 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.95
CY2023 us-gaap Net Income Loss
NetIncomeLoss
16831000 usd
CY2022 us-gaap Net Income Loss
NetIncomeLoss
20889000 usd
CY2022 us-gaap Net Income Loss
NetIncomeLoss
10989000 usd
CY2023 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
50000 usd
CY2022 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
-164000 usd
CY2022 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
-149000 usd
CY2023 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
16881000 usd
CY2022 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
20725000 usd
CY2022 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
10840000 usd
CY2021Q1 us-gaap Stockholders Equity
StockholdersEquity
22238000 usd
CY2022 us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
136000 usd
CY2022 rcmt Stock Subscribed During Period Value New Issues
StockSubscribedDuringPeriodValueNewIssues
420000 usd
CY2022 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
1358000 usd
CY2022 us-gaap Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
0 usd
CY2022 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
20000 usd
CY2022 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
9043000 usd
CY2022 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
-149000 usd
CY2022 us-gaap Net Income Loss
NetIncomeLoss
10989000 usd
CY2022Q1 us-gaap Stockholders Equity
StockholdersEquity
25969000 usd
CY2022 us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
408000 usd
CY2022 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
1582000 usd
CY2022 us-gaap Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
0 usd
CY2022 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
206000 usd
CY2022 us-gaap Stock Issued During Period Value Acquisitions
StockIssuedDuringPeriodValueAcquisitions
632000 usd
CY2022 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
17560000 usd
CY2022 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
-164000 usd
CY2022 us-gaap Net Income Loss
NetIncomeLoss
20889000 usd
CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
31962000 usd
CY2023 us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
702000 usd
CY2023 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
2092000 usd
CY2023 us-gaap Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
0 usd
CY2023 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
-206000 usd
CY2023 us-gaap Stock Issued During Period Value Acquisitions
StockIssuedDuringPeriodValueAcquisitions
132000 usd
CY2023 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
25773000 usd
CY2023 us-gaap Net Income Loss
NetIncomeLoss
16831000 usd
CY2023Q4 us-gaap Stockholders Equity
StockholdersEquity
25790000 usd
CY2023 us-gaap Net Income Loss
NetIncomeLoss
16831000 usd
CY2022 us-gaap Net Income Loss
NetIncomeLoss
20889000 usd
CY2022 us-gaap Net Income Loss
NetIncomeLoss
10989000 usd
CY2023 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
1214000 usd
CY2022 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
1041000 usd
CY2022 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
1102000 usd
CY2023 rcmt Net Book Value Of Property And Equipment Transferred In Sale Of Assets
NetBookValueOfPropertyAndEquipmentTransferredInSaleOfAssets
-395000 usd
CY2022 rcmt Net Book Value Of Property And Equipment Transferred In Sale Of Assets
NetBookValueOfPropertyAndEquipmentTransferredInSaleOfAssets
-219000 usd
CY2022 rcmt Net Book Value Of Property And Equipment Transferred In Sale Of Assets
NetBookValueOfPropertyAndEquipmentTransferredInSaleOfAssets
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CY2023 us-gaap Business Combination Provisional Information Initial Accounting Incomplete Adjustment Consideration Transferred
BusinessCombinationProvisionalInformationInitialAccountingIncompleteAdjustmentConsiderationTransferred
-0 usd
CY2022 us-gaap Business Combination Provisional Information Initial Accounting Incomplete Adjustment Consideration Transferred
BusinessCombinationProvisionalInformationInitialAccountingIncompleteAdjustmentConsiderationTransferred
88000 usd
CY2022 us-gaap Business Combination Provisional Information Initial Accounting Incomplete Adjustment Consideration Transferred
BusinessCombinationProvisionalInformationInitialAccountingIncompleteAdjustmentConsiderationTransferred
1713000 usd
CY2023 us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1
0 usd
CY2022 us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1
0 usd
CY2022 us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1
52000 usd
CY2023 us-gaap Share Based Compensation
ShareBasedCompensation
2092000 usd
CY2022 us-gaap Share Based Compensation
ShareBasedCompensation
1582000 usd
CY2022 us-gaap Share Based Compensation
ShareBasedCompensation
1358000 usd
CY2023 us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
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CY2022 us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
206000 usd
CY2022 us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
20000 usd
CY2023 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
656000 usd
CY2022 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
-1038000 usd
CY2022 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
-208000 usd
CY2023 us-gaap Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
-41000 usd
CY2022 us-gaap Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
-2054000 usd
CY2022 us-gaap Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
-2542000 usd
CY2023 rcmt Rightofuse Asset Amortization Expense
RightofuseAssetAmortizationExpense
919000 usd
CY2022 rcmt Rightofuse Asset Amortization Expense
RightofuseAssetAmortizationExpense
1001000 usd
CY2022 rcmt Rightofuse Asset Amortization Expense
RightofuseAssetAmortizationExpense
1057000 usd
CY2023 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
20576000 usd
CY2022 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
1509000 usd
CY2022 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
14710000 usd
CY2023 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-3000 usd
CY2022 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
2350000 usd
CY2022 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-1838000 usd
CY2023 us-gaap Increase Decrease In Other Receivables
IncreaseDecreaseInOtherReceivables
-15724000 usd
CY2022 us-gaap Increase Decrease In Other Receivables
IncreaseDecreaseInOtherReceivables
-5433000 usd
CY2022 us-gaap Increase Decrease In Other Receivables
IncreaseDecreaseInOtherReceivables
1317000 usd
CY2023 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-1506000 usd
CY2022 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
4919000 usd
CY2022 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
1518000 usd
CY2023 us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
-1825000 usd
CY2022 us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
24000 usd
CY2022 us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
149000 usd
CY2023 rcmt Increase Decrease In Right Of Use Liabilities
IncreaseDecreaseInRightOfUseLiabilities
1353000 usd
CY2022 rcmt Increase Decrease In Right Of Use Liabilities
IncreaseDecreaseInRightOfUseLiabilities
1642000 usd
CY2022 rcmt Increase Decrease In Right Of Use Liabilities
IncreaseDecreaseInRightOfUseLiabilities
1919000 usd
CY2023 us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
242000 usd
CY2022 us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
276000 usd
CY2022 us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
-436000 usd
CY2023 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
762000 usd
CY2022 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-2299000 usd
CY2022 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
3020000 usd
CY2023 us-gaap Increase Decrease In Deposits
IncreaseDecreaseInDeposits
-141000 usd
CY2022 us-gaap Increase Decrease In Deposits
IncreaseDecreaseInDeposits
3000 usd
CY2022 us-gaap Increase Decrease In Deposits
IncreaseDecreaseInDeposits
-7000 usd
CY2023 us-gaap Adjustments To Reconcile Net Income Loss To Cash Provided By Used In Operating Activities
AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities
-4349000 usd
CY2022 us-gaap Adjustments To Reconcile Net Income Loss To Cash Provided By Used In Operating Activities
AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities
7394000 usd
CY2022 us-gaap Adjustments To Reconcile Net Income Loss To Cash Provided By Used In Operating Activities
AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities
-10074000 usd
CY2023 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
12482000 usd
CY2022 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
28283000 usd
CY2022 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
915000 usd
CY2023 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
2931000 usd
CY2022 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
889000 usd
CY2022 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
568000 usd
CY2023 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
-0 usd
CY2022 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
4150000 usd
CY2022 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
-0 usd
CY2023 us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
395000 usd
CY2022 us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
219000 usd
CY2022 us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
6859000 usd
CY2023 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-2536000 usd
CY2022 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-4820000 usd
CY2022 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
6291000 usd
CY2023 us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
148957000 usd
CY2022 us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
105184000 usd
CY2022 us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
110481000 usd
CY2023 us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
126936000 usd
CY2022 us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
110552000 usd
CY2022 us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
108220000 usd
CY2023 us-gaap Proceeds From Stock Plans
ProceedsFromStockPlans
702000 usd
CY2022 us-gaap Proceeds From Stock Plans
ProceedsFromStockPlans
408000 usd
CY2022 us-gaap Proceeds From Stock Plans
ProceedsFromStockPlans
137000 usd
CY2023 rcmt Increase Decrease In Finance Lease Liability
IncreaseDecreaseInFinanceLeaseLiability
-463000 usd
CY2022 rcmt Increase Decrease In Finance Lease Liability
IncreaseDecreaseInFinanceLeaseLiability
-508000 usd
CY2022 rcmt Increase Decrease In Finance Lease Liability
IncreaseDecreaseInFinanceLeaseLiability
-415000 usd
CY2023 us-gaap Payment For Contingent Consideration Liability Financing Activities
PaymentForContingentConsiderationLiabilityFinancingActivities
339000 usd
CY2022 us-gaap Payment For Contingent Consideration Liability Financing Activities
PaymentForContingentConsiderationLiabilityFinancingActivities
99000 usd
CY2022 us-gaap Payment For Contingent Consideration Liability Financing Activities
PaymentForContingentConsiderationLiabilityFinancingActivities
494000 usd
CY2023 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
25773000 usd
CY2022 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
17560000 usd
CY2022 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
9043000 usd
CY2023 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-3852000 usd
CY2022 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-23127000 usd
CY2022 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-7554000 usd
CY2023 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
-149000 usd
CY2022 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
-232000 usd
CY2022 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
-151000 usd
CY2023 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
5945000 usd
CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
104000 usd
CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-499000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
339000 usd
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
235000 usd
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
734000 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
6284000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
339000 usd
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
235000 usd
CY2023 us-gaap Interest Paid Net
InterestPaidNet
1192000 usd
CY2022 us-gaap Interest Paid Net
InterestPaidNet
297000 usd
CY2022 us-gaap Interest Paid Net
InterestPaidNet
417000 usd
CY2023 us-gaap Income Taxes Paid
IncomeTaxesPaid
4447000 usd
CY2022 us-gaap Income Taxes Paid
IncomeTaxesPaid
5095000 usd
CY2022 us-gaap Income Taxes Paid
IncomeTaxesPaid
1010000 usd
CY2023 rcmt Contingent Consideration From Business Acquisition
ContingentConsiderationFromBusinessAcquisition
0 usd
CY2022 rcmt Contingent Consideration From Business Acquisition
ContingentConsiderationFromBusinessAcquisition
1927000 usd
CY2022 rcmt Contingent Consideration From Business Acquisition
ContingentConsiderationFromBusinessAcquisition
0 usd
CY2023 us-gaap Noncash Or Part Noncash Acquisition Fixed Assets Acquired1
NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1
0 usd
CY2022 us-gaap Noncash Or Part Noncash Acquisition Fixed Assets Acquired1
NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1
5000 usd
CY2022 us-gaap Noncash Or Part Noncash Acquisition Fixed Assets Acquired1
NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1
0 usd
CY2023 rcmt Issuance Of Accrued Sharebased Compensation
IssuanceOfAccruedSharebasedCompensation
0 usd
CY2022 rcmt Issuance Of Accrued Sharebased Compensation
IssuanceOfAccruedSharebasedCompensation
0 usd
CY2022 rcmt Issuance Of Accrued Sharebased Compensation
IssuanceOfAccruedSharebasedCompensation
580000 usd
CY2023 rcmt Rightofuse Asset Obtained In Exchange For Lease Liabilities
RightofuseAssetObtainedInExchangeForLeaseLiabilities
33000 usd
CY2022 rcmt Rightofuse Asset Obtained In Exchange For Lease Liabilities
RightofuseAssetObtainedInExchangeForLeaseLiabilities
3047000 usd
CY2022 rcmt Rightofuse Asset Obtained In Exchange For Lease Liabilities
RightofuseAssetObtainedInExchangeForLeaseLiabilities
1832000 usd
CY2023 rcmt Stock Issued As Contingent Consideration
StockIssuedAsContingentConsideration
132000 usd
CY2022 rcmt Stock Issued As Contingent Consideration
StockIssuedAsContingentConsideration
0 usd
CY2022 rcmt Stock Issued As Contingent Consideration
StockIssuedAsContingentConsideration
0 usd
CY2023 us-gaap Capitalized Computer Software Additions
CapitalizedComputerSoftwareAdditions
1947000 usd
CY2022 us-gaap Capitalized Computer Software Additions
CapitalizedComputerSoftwareAdditions
282000 usd
CY2022 us-gaap Capitalized Computer Software Additions
CapitalizedComputerSoftwareAdditions
1256000 usd
CY2023Q4 us-gaap Capitalized Computer Software Net
CapitalizedComputerSoftwareNet
2325000 usd
CY2022Q4 us-gaap Capitalized Computer Software Net
CapitalizedComputerSoftwareNet
977000 usd
CY2022Q1 us-gaap Capitalized Computer Software Net
CapitalizedComputerSoftwareNet
1350000 usd
CY2023 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
263237000 usd
CY2022 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
284680000 usd
CY2022 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
203875000 usd
CY2023Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
1900000 usd
CY2022Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
1100000 usd
CY2022Q1 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
3400000 usd
CY2023 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
1100000 usd
CY2022 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
3400000 usd
CY2022 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
400000 usd
CY2023 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt 0pt 0pt 18pt;"><b><i>Concentrations</i></b></p> <p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;"> </p> <p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt 0pt 0pt 18pt;">During the fiscal year ended <em style="font: inherit;"> December 30, 2023, </em>the Company had <span style="-sec-ix-hidden:c108602754">two</span> customers exceed <em style="font: inherit;">10%</em> of consolidated revenue, representing 17.1% and 10.1% of consolidated revenue, respectively. During the fiscal year ended <em style="font: inherit;"> December 31, 2022, </em>the Company had <span style="-sec-ix-hidden:c108602758">two</span> customers exceed <em style="font: inherit;">10%</em> of consolidated revenue, representing 13.2% and 12.7% of consolidated revenue, respectively. During the fiscal year ended <em style="font: inherit;"> January 1, 2022, </em><em style="font: inherit;">no</em> client accounted for <em style="font: inherit;">10%</em> or more of consolidated revenue.  All customers exceeding <em style="font: inherit;">10%</em> of consolidated revenue during the periods presented are included in the Company’s Specialty Health Care segment.</p> <p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;"> </p> <p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt 0pt 0pt 18pt;">The Company’s five, <span style="-sec-ix-hidden:c108602765">ten</span> and <span style="-sec-ix-hidden:c108602766">twenty</span> largest customers accounted for approximately 39.1%, 50.4% and 62.7%, respectively, of the Company’s revenue for the fiscal year ended <em style="font: inherit;"> December 30, 2023. </em>The Company’s five, <span style="-sec-ix-hidden:c108602770">ten</span> and <span style="-sec-ix-hidden:c108602771">twenty</span> largest customers accounted for approximately 43.0%, 53.7% and 67.0%, respectively, of the Company’s revenue for the fiscal year ended <em style="font: inherit;"> December 31, 2022. </em>The Company’s five, <span style="-sec-ix-hidden:c108602775">ten</span> and <span style="-sec-ix-hidden:c108602776">twenty</span> largest customers accounted for approximately 35.8%, 52.5% and <span style="-sec-ix-hidden:c108602779">65.1%,</span> respectively, of the Company’s revenue for the fiscal year ended <em style="font: inherit;"> January 1, 2022.</em></p> <p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;"> </p> <p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt 0pt 0pt 18pt;">As of <em style="font: inherit;"> December 30, 2023, </em><span style="-sec-ix-hidden:c108602780">two</span> clients represented more than <em style="font: inherit;">10%</em> of the Company’s accounts receivable, net, representing 21.2% and 14.7%, respectively. As of <em style="font: inherit;"> December 31, 2022, </em><span style="-sec-ix-hidden:c108602784">two</span> clients represented more than <em style="font: inherit;">10%</em> of the Company’s accounts receivable, net, representing 16.1% and 12.5%, respectively. As of <em style="font: inherit;"> January 1, 2022, </em><span style="-sec-ix-hidden:c108602788">two</span> clients represented more than <em style="font: inherit;">10%</em> of the Company’s accounts receivable, net, representing 15.3% and 14.2%.</p> <p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt 0pt 0pt 18pt;"> </p> <p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;"></p> <p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt 0pt 0pt 18pt;"></p> <p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt 0pt 0pt 18pt;"><b><i></i></b></p> <p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt 0pt 0pt 18pt;"></p>
CY2023 us-gaap Advertising Expense
AdvertisingExpense
781000 usd
CY2022 us-gaap Advertising Expense
AdvertisingExpense
925000 usd
CY2022 us-gaap Advertising Expense
AdvertisingExpense
914000 usd
CY2023 us-gaap Prior Period Reclassification Adjustment Description
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<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt 0pt 0pt 18pt;"><b><i>Reclassification</i></b></p> <p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;"> </p> <p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt 0pt 0pt 18pt;">Certain prior year amounts have been reclassified to conform with the current year presentation. These classifications had <em style="font: inherit;">no</em> effect on the previously reported results of operations.</p>
CY2023Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
1600000 usd
CY2022Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
1100000 usd
CY2022Q1 us-gaap Allowance For Doubtful Accounts Receivable Current
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1197000 usd
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70690000 usd
CY2022Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
50762000 usd
CY2022Q1 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
48240000 usd
CY2023Q4 us-gaap Property Plant And Equipment Gross
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6360000 usd
CY2022Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
4630000 usd
CY2022Q1 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
4378000 usd
CY2023Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
2355000 usd
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
2532000 usd
CY2022Q1 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
2439000 usd
CY2023Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
4005000 usd
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
2098000 usd
CY2022Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
1939000 usd
CY2023 rcmt Write Off Of Fully Depreciated Property And Equipment
WriteOffOfFullyDepreciatedPropertyAndEquipment
1201000 usd
CY2022 rcmt Write Off Of Fully Depreciated Property And Equipment
WriteOffOfFullyDepreciatedPropertyAndEquipment
901000 usd
CY2022 rcmt Write Off Of Fully Depreciated Property And Equipment
WriteOffOfFullyDepreciatedPropertyAndEquipment
1671000 usd
CY2023 us-gaap Depreciation
Depreciation
1052000 usd
CY2022 us-gaap Depreciation
Depreciation
995000 usd
CY2022 us-gaap Depreciation
Depreciation
1007000 usd
CY2021Q1 us-gaap Business Combination Contingent Consideration Liability
BusinessCombinationContingentConsiderationLiability
2858000 usd
CY2022 us-gaap Payment For Contingent Consideration Liability Financing Activities
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494000 usd
CY2022 us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1
52000 usd
CY2022 us-gaap Business Combination Provisional Information Initial Accounting Incomplete Adjustment Consideration Transferred
BusinessCombinationProvisionalInformationInitialAccountingIncompleteAdjustmentConsiderationTransferred
1713000 usd
CY2022Q1 us-gaap Business Combination Contingent Consideration Liability
BusinessCombinationContingentConsiderationLiability
703000 usd
CY2022 us-gaap Payment For Contingent Consideration Liability Financing Activities
PaymentForContingentConsiderationLiabilityFinancingActivities
99000 usd
CY2022 us-gaap Business Combination Provisional Information Initial Accounting Incomplete Adjustment Consideration Transferred
BusinessCombinationProvisionalInformationInitialAccountingIncompleteAdjustmentConsiderationTransferred
88000 usd
CY2022 rcmt Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration New Acquisition Liability
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationNewAcquisitionLiability
1926000 usd
CY2022Q4 us-gaap Business Combination Contingent Consideration Liability
BusinessCombinationContingentConsiderationLiability
2442000 usd
CY2023Q4 us-gaap Business Combination Contingent Consideration Liability
BusinessCombinationContingentConsiderationLiability
1971000 usd
CY2023Q4 rcmt Estimated Future Contingent Consideration Payments Year One
EstimatedFutureContingentConsiderationPaymentsYearOne
300000 usd
CY2023Q4 rcmt Estimated Future Contingent Consideration Payments Thereafter
EstimatedFutureContingentConsiderationPaymentsThereafter
1671000 usd
CY2023Q4 rcmt Estimated Future Contingent Consideration Payments
EstimatedFutureContingentConsiderationPayments
1971000 usd
CY2023 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 usd
CY2021Q1 us-gaap Goodwill
Goodwill
16354000 usd
CY2022 us-gaap Goodwill Purchase Accounting Adjustments
GoodwillPurchaseAccountingAdjustments
0 usd
CY2022Q1 us-gaap Goodwill
Goodwill
16354000 usd
CY2022 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
5793000 usd
CY2022Q4 us-gaap Goodwill
Goodwill
22147000 usd
CY2023 us-gaap Goodwill Purchase Accounting Adjustments
GoodwillPurchaseAccountingAdjustments
0 usd
CY2023Q4 us-gaap Goodwill
Goodwill
22147000 usd
CY2023Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
683000 usd
CY2022Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
864000 usd
CY2022Q1 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
0 usd
CY2023 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
182000 usd
CY2022 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
46000 usd
CY2022 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
95000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
182000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
182000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
182000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
137000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
683000 usd
CY2023 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
8308867
CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
10051688
CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
11035361
CY2023 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
283705
CY2022 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
390488
CY2022 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
589740
CY2023 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
8592572
CY2022 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
10442176
CY2022 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
11625101
CY2023 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
0
CY2023Q4 rcmt Future Grants Of Options Or Shares
FutureGrantsOfOptionsOrShares
603044
CY2022Q4 rcmt Future Grants Of Options Or Shares
FutureGrantsOfOptionsOrShares
890682
CY2022Q1 rcmt Future Grants Of Options Or Shares
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107924
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Outstanding Number
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297730
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingNumber
364231
CY2022Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Outstanding Number
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448110
CY2023Q4 us-gaap Common Stock Capital Shares Reserved For Future Issuance
CommonStockCapitalSharesReservedForFutureIssuance
1377392
CY2022Q4 us-gaap Common Stock Capital Shares Reserved For Future Issuance
CommonStockCapitalSharesReservedForFutureIssuance
1754852
CY2022Q1 us-gaap Common Stock Capital Shares Reserved For Future Issuance
CommonStockCapitalSharesReservedForFutureIssuance
1101662
CY2023 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Expiration Period
SharebasedCompensationArrangementBySharebasedPaymentAwardExpirationPeriod
P10Y
CY2023 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
2100000 usd
CY2022 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1600000 usd
CY2022 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1400000 usd
CY2023Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
3200000 usd
CY2023Q4 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
0 usd
CY2023Q4 us-gaap Share Price
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29.04
CY2023Q2 us-gaap Treasury Stock Shares Acquired
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333686
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11.91
CY2023 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
1825957
CY2023 us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
14
CY2022 us-gaap Treasury Stock Shares Acquired
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1309427
CY2022 us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
12.63
CY2022 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
1930911
CY2022 us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
4.68
CY2023Q4 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
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13600000 usd
CY2023 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
263237000 usd
CY2023 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
186541000 usd
CY2023 us-gaap Gross Profit
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76696000 usd
CY2023 us-gaap Selling General And Administrative Expense
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52185000 usd
CY2023 us-gaap Depreciation Nonproduction
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1032000 usd
CY2023 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
182000 usd
CY2023 us-gaap Gain Loss On Sale Of Business
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395000 usd
CY2023 us-gaap Operating Income Loss
OperatingIncomeLoss
23692000 usd
CY2023Q4 us-gaap Assets
Assets
120484000 usd
CY2023 rcmt Capital Expenditures
CapitalExpenditures
2931000 usd
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284680000 usd
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201753000 usd
CY2022 us-gaap Gross Profit
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82927000 usd
CY2022 us-gaap Selling General And Administrative Expense
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53395000 usd
CY2022 us-gaap Depreciation Nonproduction
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995000 usd
CY2022 us-gaap Amortization Of Intangible Assets
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46000 usd
CY2022 us-gaap Business Combination Provisional Information Initial Accounting Incomplete Adjustment Consideration Transferred
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88000 usd
CY2022 us-gaap Gain Loss On Sale Of Business
GainLossOnSaleOfBusiness
219000 usd
CY2022 us-gaap Professional Fees
ProfessionalFees
28798000 usd
CY2022Q4 us-gaap Assets
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87964000 usd
CY2022 rcmt Capital Expenditures
CapitalExpenditures
1152000 usd
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RevenueFromContractWithCustomerIncludingAssessedTax
203875000 usd
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CostOfGoodsAndServicesSold
150751000 usd
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53124000 usd
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SellingGeneralAndAdministrativeExpense
42019000 usd
CY2022 us-gaap Depreciation Nonproduction
DepreciationNonproduction
1007000 usd
CY2022 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
95000 usd
CY2022 us-gaap Business Combination Provisional Information Initial Accounting Incomplete Adjustment Consideration Transferred
BusinessCombinationProvisionalInformationInitialAccountingIncompleteAdjustmentConsiderationTransferred
1713000 usd
CY2022 us-gaap Gain Loss On Sale Of Business
GainLossOnSaleOfBusiness
2420000 usd
CY2022 us-gaap Professional Fees
ProfessionalFees
14136000 usd
CY2022Q1 us-gaap Assets
Assets
72852000 usd
CY2022 rcmt Capital Expenditures
CapitalExpenditures
1576000 usd
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RevenueFromContractWithCustomerIncludingAssessedTax
263237000 usd
CY2022 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
284680000 usd
CY2022 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
203875000 usd
CY2023Q4 us-gaap Assets
Assets
120484000 usd
CY2022Q4 us-gaap Assets
Assets
87964000 usd
CY2022Q1 us-gaap Assets
Assets
72852000 usd
CY2023 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.242 rate
CY2022 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.267 rate
CY2022 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.21 rate
CY2023 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21 pure
CY2022 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21 pure
CY2022 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21 pure
CY2023 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
4661000 usd
CY2022 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
5981000 usd
CY2022 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
2922000 usd
CY2023 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
1082000 usd
CY2022 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
1373000 usd
CY2022 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
519000 usd
CY2023 us-gaap Income Tax Reconciliation Nondeductible Expense
IncomeTaxReconciliationNondeductibleExpense
-269000 usd
CY2022 us-gaap Income Tax Reconciliation Nondeductible Expense
IncomeTaxReconciliationNondeductibleExpense
109000 usd
CY2022 us-gaap Income Tax Reconciliation Nondeductible Expense
IncomeTaxReconciliationNondeductibleExpense
-771000 usd
CY2023 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
25000 usd
CY2022 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
15000 usd
CY2022 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
89000 usd
CY2023 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
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<table border="0" cellpadding="0" cellspacing="0" style="width:100%;font-family:Times New Roman;font-size:10pt;"><tbody><tr><td style="width:0pt;"> </td><td style="vertical-align:top;width:18pt;"> <p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;"><b><em style="font: inherit;">16.</em></b></p> </td><td style="vertical-align:top;"> <p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;"><b>CONTINGENCIES </b></p> </td></tr> </tbody></table> <p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;"> </p> <p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt 0pt 0pt 18pt;">From time to time, the Company is a defendant in various legal actions that arise in the ordinary business course.  These matters <em style="font: inherit;"> may </em>relate to professional liability, tax, compensation, contract, competitor disputes, and employee-related matters and include individual and class action lawsuits, as well as inquiries and investigations by governmental agencies regarding the Company’s employment and compensation practices. Additionally, some of the Company’s clients <em style="font: inherit;"> may </em>also become subject to claims, governmental inquiries and investigations, and legal actions relating to the Company’s professional services. Depending upon the particular facts and circumstances, the Company <em style="font: inherit;"> may </em>also be subject to indemnification obligations under its contracts with such clients relating to these matters.</p> <p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;"> </p> <p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt 0pt 0pt 18pt;">As such, the Company is required to assess the likelihood of any adverse outcomes to these matters as well as potential ranges of losses and possible recoveries.  The Company <em style="font: inherit;"> may </em><em style="font: inherit;">not</em> be covered by insurance as it pertains to some or all of these matters.  A determination of the amount of the provision required for these commitments and contingencies, if any, which would be charged to earnings, is made after careful analysis of each matter.  The Company records a liability when management believes an adverse outcome from a loss contingency is both probable and the amount, or a range, can be reasonably estimated. From time to time, the Company must estimate the potential loss even though the party adverse to the Company has <em style="font: inherit;">not</em> asserted any specific amounts. Significant judgment is required to determine both the probability of loss and the estimated amount. The Company reviews its loss contingencies at least quarterly and it adjusts its accruals and/or disclosures to reflect the impact of negotiations, settlements, rulings, advice of legal counsel, or other new information, as deemed necessary. Once established, a provision <em style="font: inherit;"> may </em>change in the future due to new developments or changes in circumstances. The Company could increase or decrease its earnings in the period that the changes are made. </p> <p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;"> </p> <p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt 0pt 0pt 18pt;">The Company is exposed to various asserted claims as of <em style="font: inherit;"> December 30, 2023, </em>where the Company believes it has a probability of loss. Additionally, the Company is exposed to other asserted claims whereby an amount of loss has <em style="font: inherit;">not</em> been declared, and the Company cannot determine the potential loss. Any of these various claims could result in an unfavorable outcome or settlement that exceeds the accrued amounts. However, the Company believes that such matters will <em style="font: inherit;">not,</em> either individually or in the aggregate, have a material adverse effect on its business, consolidated financial position, results of operations, or cash flows. As of <em style="font: inherit;"> December 30, 2023, </em>the Company has accrued $2.9 million for asserted claims. </p> <p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;"> </p> <p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt 0pt 0pt 18pt;">In <em style="font: inherit;"> April 2022, </em>a client of the Company’s Industrial Processing Group alleged that a system partially designed by the Company is <em style="font: inherit;">not</em> operating as intended and that the Company is responsible. The Company has <em style="font: inherit;">not</em> determined if it has any liability. In the event of liability, the Company believes its damages are contractually limited to an amount <em style="font: inherit;">no</em> higher than $3.3 million. Furthermore, the Company believes that if it were found liable, any damages would be covered by insurance, subject to a deductible of $0.5 million and maximum coverage of $5.0 million. While the Company attempts to find a mutually agreeable solution, the Company has reserved <em style="font: inherit;">$0.5</em> million for this project. The Company can give <em style="font: inherit;">no</em> assurance that its liability is limited to <em style="font: inherit;">$3.3</em> million or that liability over <em style="font: inherit;">$0.5</em> million, if any, will be covered by insurance.</p> <p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;"> </p> <p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:justify;margin:0pt 0pt 0pt 18pt;">The Company is also subject to other pending legal proceedings and claims that arise from time to time in the ordinary course of its business, which <em style="font: inherit;"> may </em><em style="font: inherit;">not</em> be covered by insurance.</p> <p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;"> </p>
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