2024 Q2 Form 10-Q Financial Statement

#000143774924015677 Filed on May 09, 2024

View on sec.gov

Income Statement

Concept 2024 Q2 2024 Q1
Revenue $69.16M $71.94M
YoY Change 3.04%
Cost Of Revenue $49.16M $51.57M
YoY Change 2.21%
Gross Profit $20.00M $20.37M
YoY Change 5.14%
Gross Profit Margin 28.92% 28.31%
Selling, General & Admin $13.55M $14.20M
YoY Change 1.11%
% of Gross Profit 67.72% 69.72%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $378.0K $332.0K
YoY Change 19.62%
% of Gross Profit 1.89% 1.63%
Operating Expenses $14.18M $14.53M
YoY Change 6.5%
Operating Profit $5.819M $5.836M
YoY Change 1.96%
Interest Expense -$574.0K -$426.0K
YoY Change 41.03%
% of Operating Profit -9.86% -7.3%
Other Income/Expense, Net -$574.0K -$426.0K
YoY Change 41.03%
Pretax Income $5.245M $5.410M
YoY Change -1.04%
Income Tax $1.483M $1.500M
% Of Pretax Income 28.27% 27.73%
Net Earnings $3.762M $3.952M
YoY Change -1.95%
Net Earnings / Revenue 5.44% 5.49%
Basic Earnings Per Share $0.48 $0.50
Diluted Earnings Per Share $0.47 $0.48
COMMON SHARES
Basic Shares Outstanding 7.753M 7.939M
Diluted Shares Outstanding 7.956M 8.171M

Balance Sheet

Concept 2024 Q2 2024 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $3.480M $2.099M
YoY Change 90.68%
Cash & Equivalents $3.480M $2.099M
Short-Term Investments
Other Short-Term Assets $5.432M $4.515M
YoY Change 47.81%
Inventory
Prepaid Expenses
Receivables $66.92M $73.49M
Other Receivables $9.460M $9.722M
Total Short-Term Assets $85.29M $89.82M
YoY Change 23.95%
LONG-TERM ASSETS
Property, Plant & Equipment $4.451M $4.386M
YoY Change 105.68%
Goodwill $22.15M $22.15M
YoY Change 0.0%
Intangibles $592.0K $638.0K
YoY Change -27.72%
Long-Term Investments
YoY Change
Other Assets $256.0K $343.0K
YoY Change 59.01%
Total Long-Term Assets $32.99M $30.66M
YoY Change 14.86%
TOTAL ASSETS
Total Short-Term Assets $85.29M $89.82M
Total Long-Term Assets $32.99M $30.66M
Total Assets $118.3M $120.5M
YoY Change 21.28%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $43.84M $45.31M
YoY Change 77.21%
Accrued Expenses $10.69M $12.79M
YoY Change -36.05%
Deferred Revenue $2.678M $3.514M
YoY Change 231.03%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $116.0K
YoY Change
Total Short-Term Liabilities $57.65M $62.81M
YoY Change 32.74%
LONG-TERM LIABILITIES
Long-Term Debt $23.87M $22.16M
YoY Change 23.89%
Other Long-Term Liabilities $6.455M $4.315M
YoY Change 40.08%
Total Long-Term Liabilities $30.33M $26.47M
YoY Change 27.02%
TOTAL LIABILITIES
Total Short-Term Liabilities $57.65M $62.81M
Total Long-Term Liabilities $30.33M $26.47M
Total Liabilities $89.83M $91.09M
YoY Change 30.15%
SHAREHOLDERS EQUITY
Retained Earnings -$11.55M -$15.31M
YoY Change -64.19%
Common Stock $887.0K $887.0K
YoY Change 1.6%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $28.45M $29.40M
YoY Change
Total Liabilities & Shareholders Equity $118.3M $120.5M
YoY Change 21.28%

Cashflow Statement

Concept 2024 Q2 2024 Q1
OPERATING ACTIVITIES
Net Income $3.762M $3.952M
YoY Change -1.95%
Depreciation, Depletion And Amortization $378.0K $332.0K
YoY Change 19.62%
Cash From Operating Activities $5.725M $6.426M
YoY Change -788.1%
INVESTING ACTIVITIES
Capital Expenditures $398.0K $669.0K
YoY Change 19.88%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$398.0K -$669.0K
YoY Change 19.88%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -3.796M -$9.714M
YoY Change -257.12%
NET CHANGE
Cash From Operating Activities 5.725M $6.426M
Cash From Investing Activities -398.0K -$669.0K
Cash From Financing Activities -3.796M -$9.714M
Net Change In Cash 1.531M -$4.185M
YoY Change 3.03%
FREE CASH FLOW
Cash From Operating Activities $5.725M $6.426M
Capital Expenditures $398.0K $669.0K
Free Cash Flow $5.327M $5.757M
YoY Change -557.65%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2024Q1 dei Amendment Flag
AmendmentFlag
false
CY2024Q1 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-28
CY2024Q1 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q1
CY2024Q1 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2024
CY2024Q1 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
usd
CY2023Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
usd
CY2024Q1 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
1
CY2023Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
1
CY2024Q1 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
5000000
CY2023Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
5000000
CY2024Q1 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0
CY2024Q1 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0
CY2023Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0
CY2023Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0
CY2024Q1 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.05
CY2023Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.05
CY2024Q1 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
40000000
CY2023Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
40000000
CY2024Q1 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
17775693
CY2024Q1 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
7947087
CY2023Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
17673427
CY2023Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
7844821
CY2024Q1 us-gaap Treasury Stock Common Shares
TreasuryStockCommonShares
9828606
CY2023Q4 us-gaap Treasury Stock Common Shares
TreasuryStockCommonShares
9828606
CY2024Q1 rcmt Write Off Of Fully Depreciated Property And Equipment
WriteOffOfFullyDepreciatedPropertyAndEquipment
0 usd
CY2023Q2 rcmt Write Off Of Fully Depreciated Property And Equipment
WriteOffOfFullyDepreciatedPropertyAndEquipment
0 usd
CY2023Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
0
CY2024Q1 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
0
CY2024Q1 us-gaap Sales And Excise Tax Payable Current And Noncurrent
SalesAndExciseTaxPayableCurrentAndNoncurrent
0 usd
CY2024Q1 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2024Q1 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2024Q1 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false
CY2024Q1 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false
CY2024Q1 dei Document Type
DocumentType
10-Q
CY2024Q1 dei Document Quarterly Report
DocumentQuarterlyReport
true
CY2024Q1 dei Document Period End Date
DocumentPeriodEndDate
2024-03-30
CY2024Q1 dei Document Transition Report
DocumentTransitionReport
false
CY2024Q1 dei Entity File Number
EntityFileNumber
1-10245
CY2024Q1 dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
NV
CY2024Q1 dei Entity Address Address Line1
EntityAddressAddressLine1
2500 McClellan Avenue, Suite 350
CY2024Q1 dei Entity Address City Or Town
EntityAddressCityOrTown
Pennsauken
CY2024Q1 dei Entity Address State Or Province
EntityAddressStateOrProvince
NJ
CY2024Q1 dei Entity Address Postal Zip Code
EntityAddressPostalZipCode
08109-4613
CY2024Q1 dei City Area Code
CityAreaCode
856
CY2024Q1 dei Local Phone Number
LocalPhoneNumber
356-4500
CY2024Q1 dei Security12b Title
Security12bTitle
Common Stock, par value $0.05 per share
CY2024Q1 dei Trading Symbol
TradingSymbol
RCMT
CY2024Q1 dei Security Exchange Name
SecurityExchangeName
NASDAQ
CY2024Q1 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2024Q1 dei Entity Interactive Data Current
EntityInteractiveDataCurrent
Yes
CY2024Q1 dei Entity Filer Category
EntityFilerCategory
Accelerated Filer
CY2024Q1 dei Entity Small Business
EntitySmallBusiness
true
CY2024Q1 dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
false
CY2024Q1 dei Entity Shell Company
EntityShellCompany
false
CY2024Q2 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
7753468
CY2024Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
2099000 usd
CY2023Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
6284000 usd
CY2024Q1 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
73486000 usd
CY2023Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
70690000 usd
CY2024Q1 us-gaap Other Receivables Net Current
OtherReceivablesNetCurrent
9722000 usd
CY2023Q4 us-gaap Other Receivables Net Current
OtherReceivablesNetCurrent
8891000 usd
CY2024Q1 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
4515000 usd
CY2023Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
4637000 usd
CY2024Q1 us-gaap Assets Current
AssetsCurrent
89822000 usd
CY2023Q4 us-gaap Assets Current
AssetsCurrent
90502000 usd
CY2024Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
4386000 usd
CY2023Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
4005000 usd
CY2024Q1 us-gaap Deposits Assets Noncurrent
DepositsAssetsNoncurrent
290000 usd
CY2023Q4 us-gaap Deposits Assets Noncurrent
DepositsAssetsNoncurrent
313000 usd
CY2024Q1 us-gaap Deferred Income Tax Assets Net
DeferredIncomeTaxAssetsNet
53000 usd
CY2023Q4 us-gaap Deferred Income Tax Assets Net
DeferredIncomeTaxAssetsNet
55000 usd
CY2024Q1 us-gaap Goodwill
Goodwill
22147000 usd
CY2023Q4 us-gaap Goodwill
Goodwill
22147000 usd
CY2024Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
3147000 usd
CY2023Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
2779000 usd
CY2024Q1 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
638000 usd
CY2023Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
683000 usd
CY2024Q1 rcmt Assets Noncurrent Excluding Property Plant And Equipment
AssetsNoncurrentExcludingPropertyPlantAndEquipment
26275000 usd
CY2023Q4 rcmt Assets Noncurrent Excluding Property Plant And Equipment
AssetsNoncurrentExcludingPropertyPlantAndEquipment
25977000 usd
CY2024Q1 us-gaap Assets
Assets
120483000 usd
CY2023Q4 us-gaap Assets
Assets
120484000 usd
CY2024Q1 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
13596000 usd
CY2023Q4 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
12454000 usd
CY2024Q1 rcmt Transit Accounts Payable
TransitAccountsPayable
31715000 usd
CY2023Q4 rcmt Transit Accounts Payable
TransitAccountsPayable
31102000 usd
CY2024Q1 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
12174000 usd
CY2023Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
11203000 usd
CY2024Q1 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
116000 usd
CY2023Q4 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
233000 usd
CY2024Q1 us-gaap Taxes Payable Current
TaxesPayableCurrent
778000 usd
CY2023Q4 us-gaap Taxes Payable Current
TaxesPayableCurrent
330000 usd
CY2024Q1 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
615000 usd
CY2023Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
693000 usd
CY2024Q1 us-gaap Business Combination Contingent Consideration Liability Current
BusinessCombinationContingentConsiderationLiabilityCurrent
300000 usd
CY2023Q4 us-gaap Business Combination Contingent Consideration Liability Current
BusinessCombinationContingentConsiderationLiabilityCurrent
300000 usd
CY2024Q1 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
3514000 usd
CY2023Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
1881000 usd
CY2024Q1 us-gaap Liabilities Current
LiabilitiesCurrent
62808000 usd
CY2023Q4 us-gaap Liabilities Current
LiabilitiesCurrent
58196000 usd
CY2024Q1 us-gaap Business Combination Contingent Consideration Liability Noncurrent
BusinessCombinationContingentConsiderationLiabilityNoncurrent
1671000 usd
CY2023Q4 us-gaap Business Combination Contingent Consideration Liability Noncurrent
BusinessCombinationContingentConsiderationLiabilityNoncurrent
1671000 usd
CY2024Q1 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
2644000 usd
CY2023Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
2268000 usd
CY2024Q1 us-gaap Long Term Line Of Credit
LongTermLineOfCredit
22159000 usd
CY2023Q4 us-gaap Long Term Line Of Credit
LongTermLineOfCredit
30804000 usd
CY2024Q1 us-gaap Liabilities
Liabilities
91086000 usd
CY2023Q4 us-gaap Liabilities
Liabilities
94694000 usd
CY2024Q1 us-gaap Preferred Stock Value
PreferredStockValue
0 usd
CY2023Q4 us-gaap Preferred Stock Value
PreferredStockValue
0 usd
CY2024Q1 us-gaap Common Stock Value
CommonStockValue
887000 usd
CY2023Q4 us-gaap Common Stock Value
CommonStockValue
882000 usd
CY2024Q1 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
116256000 usd
CY2023Q4 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
116579000 usd
CY2024Q1 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-2840000 usd
CY2023Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-2813000 usd
CY2024Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-15313000 usd
CY2023Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-19265000 usd
CY2024Q1 us-gaap Treasury Stock Common Value
TreasuryStockCommonValue
69593000 usd
CY2023Q4 us-gaap Treasury Stock Common Value
TreasuryStockCommonValue
69593000 usd
CY2024Q1 us-gaap Stockholders Equity
StockholdersEquity
29397000 usd
CY2023Q4 us-gaap Stockholders Equity
StockholdersEquity
25790000 usd
CY2024Q1 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
120483000 usd
CY2023Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
120484000 usd
CY2024Q1 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
71939000 usd
CY2023Q2 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
67124000 usd
CY2024Q1 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
51572000 usd
CY2023Q2 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
48100000 usd
CY2024Q1 us-gaap Gross Profit
GrossProfit
20367000 usd
CY2023Q2 us-gaap Gross Profit
GrossProfit
19024000 usd
CY2024Q1 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
14199000 usd
CY2023Q2 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
13396000 usd
CY2024Q1 us-gaap Depreciation Nonproduction
DepreciationNonproduction
287000 usd
CY2023Q2 us-gaap Depreciation Nonproduction
DepreciationNonproduction
271000 usd
CY2024Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
45000 usd
CY2023Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
45000 usd
CY2024Q1 us-gaap Gain Loss On Sale Of Business
GainLossOnSaleOfBusiness
-0 usd
CY2023Q2 us-gaap Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
-51000 usd
CY2023Q2 us-gaap Gain Loss On Sale Of Business
GainLossOnSaleOfBusiness
395000 usd
CY2024Q1 us-gaap Operating Expenses
OperatingExpenses
14531000 usd
CY2023Q2 us-gaap Operating Expenses
OperatingExpenses
13317000 usd
CY2024Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
5836000 usd
CY2023Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
5707000 usd
CY2024Q1 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-478000 usd
CY2023Q2 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-360000 usd
CY2024Q1 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
52000 usd
CY2023Q2 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-47000 usd
CY2024Q1 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-426000 usd
CY2023Q2 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-407000 usd
CY2024Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
5410000 usd
CY2023Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
5300000 usd
CY2024Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1458000 usd
CY2023Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1463000 usd
CY2024Q1 us-gaap Net Income Loss
NetIncomeLoss
3952000 usd
CY2023Q2 us-gaap Net Income Loss
NetIncomeLoss
3837000 usd
CY2024Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.5
CY2023Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.42
CY2024Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.48
CY2023Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.41
CY2024Q1 us-gaap Net Income Loss
NetIncomeLoss
3952000 usd
CY2023Q2 us-gaap Net Income Loss
NetIncomeLoss
3837000 usd
CY2024Q1 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
-27000 usd
CY2023Q2 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
54000 usd
CY2024Q1 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
3925000 usd
CY2023Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
3891000 usd
CY2023Q4 us-gaap Stockholders Equity
StockholdersEquity
25790000 usd
CY2024Q1 us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
364000 usd
CY2024Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
635000 usd
CY2024Q1 us-gaap Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
0 usd
CY2024Q1 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
1317000 usd
CY2024Q1 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
-27000 usd
CY2024Q1 us-gaap Net Income Loss
NetIncomeLoss
3952000 usd
CY2024Q1 us-gaap Stockholders Equity
StockholdersEquity
29397000 usd
CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
31962000 usd
CY2023Q2 us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
347000 usd
CY2023Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
496000 usd
CY2023Q2 us-gaap Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
0 usd
CY2023Q2 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
8184000 usd
CY2023Q2 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
54000 usd
CY2023Q2 us-gaap Net Income Loss
NetIncomeLoss
3837000 usd
CY2023Q2 us-gaap Stockholders Equity
StockholdersEquity
28512000 usd
CY2024Q1 us-gaap Net Income Loss
NetIncomeLoss
3952000 usd
CY2023Q2 us-gaap Net Income Loss
NetIncomeLoss
3837000 usd
CY2024Q1 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
332000 usd
CY2023Q2 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
316000 usd
CY2024Q1 rcmt Net Book Value Of Property And Equipment Transferred In Sale Of Assets
NetBookValueOfPropertyAndEquipmentTransferredInSaleOfAssets
0 usd
CY2023Q2 rcmt Net Book Value Of Property And Equipment Transferred In Sale Of Assets
NetBookValueOfPropertyAndEquipmentTransferredInSaleOfAssets
-395000 usd
CY2024Q1 us-gaap Share Based Compensation
ShareBasedCompensation
635000 usd
CY2023Q2 us-gaap Share Based Compensation
ShareBasedCompensation
496000 usd
CY2024Q1 us-gaap Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
-49000 usd
CY2024Q1 rcmt Rightofuse Asset Amortization Expense
RightofuseAssetAmortizationExpense
234000 usd
CY2023Q2 rcmt Rightofuse Asset Amortization Expense
RightofuseAssetAmortizationExpense
235000 usd
CY2024Q1 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
2802000 usd
CY2023Q2 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
8035000 usd
CY2024Q1 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-120000 usd
CY2023Q2 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-960000 usd
CY2024Q1 us-gaap Increase Decrease In Other Receivables
IncreaseDecreaseInOtherReceivables
219000 usd
CY2023Q2 us-gaap Increase Decrease In Other Receivables
IncreaseDecreaseInOtherReceivables
-1472000 usd
CY2024Q1 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
1345000 usd
CY2023Q2 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-1667000 usd
CY2024Q1 us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
976000 usd
CY2023Q2 us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
2404000 usd
CY2024Q1 rcmt Increase Decrease In Right Of Use Liabilities
IncreaseDecreaseInRightOfUseLiabilities
304000 usd
CY2023Q2 rcmt Increase Decrease In Right Of Use Liabilities
IncreaseDecreaseInRightOfUseLiabilities
348000 usd
CY2024Q1 us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
451000 usd
CY2023Q2 us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
141000 usd
CY2024Q1 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
1633000 usd
CY2023Q2 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-310000 usd
CY2024Q1 us-gaap Increase Decrease In Deposits
IncreaseDecreaseInDeposits
24000 usd
CY2023Q2 us-gaap Increase Decrease In Deposits
IncreaseDecreaseInDeposits
11000 usd
CY2024Q1 us-gaap Adjustments To Reconcile Net Income Loss To Cash Provided By Used In Operating Activities
AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities
2474000 usd
CY2023Q2 us-gaap Adjustments To Reconcile Net Income Loss To Cash Provided By Used In Operating Activities
AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities
-4669000 usd
CY2024Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
6426000 usd
CY2023Q2 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-832000 usd
CY2024Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
669000 usd
CY2023Q2 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
332000 usd
CY2024Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-669000 usd
CY2023Q2 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-332000 usd
CY2024Q1 us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
34738000 usd
CY2023Q2 us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
32807000 usd
CY2024Q1 us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
43383000 usd
CY2023Q2 us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
22438000 usd
CY2024Q1 us-gaap Proceeds From Stock Plans
ProceedsFromStockPlans
364000 usd
CY2023Q2 us-gaap Proceeds From Stock Plans
ProceedsFromStockPlans
347000 usd
CY2024Q1 rcmt Payments For Retirement Of Common Stock
PaymentsForRetirementOfCommonStock
1317000 usd
CY2023Q2 rcmt Payments For Retirement Of Common Stock
PaymentsForRetirementOfCommonStock
-0 usd
CY2024Q1 rcmt Increase Decrease In Finance Lease Liability
IncreaseDecreaseInFinanceLeaseLiability
-116000 usd
CY2023Q2 rcmt Increase Decrease In Finance Lease Liability
IncreaseDecreaseInFinanceLeaseLiability
-116000 usd
CY2024Q1 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
-0 usd
CY2023Q2 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
8184000 usd
CY2024Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-9714000 usd
CY2023Q2 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
2416000 usd
CY2024Q1 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
-228000 usd
CY2023Q2 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
234000 usd
CY2024Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-4185000 usd
CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
1486000 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
CY2024Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
2099000 usd
CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
1825000 usd
CY2024Q1 us-gaap Interest Paid Net
InterestPaidNet
473000 usd
CY2023Q2 us-gaap Interest Paid Net
InterestPaidNet
187000 usd
CY2024Q1 us-gaap Income Taxes Paid
IncomeTaxesPaid
541000 usd
CY2023Q2 us-gaap Income Taxes Paid
IncomeTaxesPaid
131000 usd
CY2024Q1 rcmt Rightofuse Asset Obtained In Exchange For Lease Liabilities
RightofuseAssetObtainedInExchangeForLeaseLiabilities
602000 usd
CY2023Q2 rcmt Rightofuse Asset Obtained In Exchange For Lease Liabilities
RightofuseAssetObtainedInExchangeForLeaseLiabilities
0 usd
CY2024Q1 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
71939000 usd
CY2023Q2 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
67124000 usd
CY2024Q1 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
500000 usd
CY2023Q2 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
700000 usd
CY2024Q1 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
1600000 usd
CY2023Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
1600000 usd
CY2024Q1 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
73486000 usd
CY2023Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
70690000 usd
CY2024Q1 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
7029000 usd
CY2023Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
6360000 usd
CY2024Q1 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
2643000 usd
CY2023Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
2355000 usd
CY2024Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
4386000 usd
CY2023Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
4005000 usd
CY2024Q1 us-gaap Depreciation Nonproduction
DepreciationNonproduction
287000 usd
CY2023Q2 us-gaap Depreciation Nonproduction
DepreciationNonproduction
271000 usd
CY2024Q1 rcmt Estimated Future Contingent Consideration Payments Year One
EstimatedFutureContingentConsiderationPaymentsYearOne
300000 usd
CY2024Q1 rcmt Estimated Future Contingent Consideration Payments Thereafter
EstimatedFutureContingentConsiderationPaymentsThereafter
1671000 usd
CY2024Q1 rcmt Estimated Future Contingent Consideration Payments
EstimatedFutureContingentConsiderationPayments
1971000 usd
CY2024Q1 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 usd
CY2024Q1 us-gaap Goodwill
Goodwill
22147000 usd
CY2023Q2 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
333686
CY2023Q2 us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
11.91
CY2024Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
7927031
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
9172511
CY2024Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
243808
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
229356
CY2024Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
8170839
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
9401867
CY2024Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
0
CY2024Q1 rcmt Future Grants Of Options Or Shares
FutureGrantsOfOptionsOrShares
296040
CY2023Q4 rcmt Future Grants Of Options Or Shares
FutureGrantsOfOptionsOrShares
603044
CY2024Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingNumber
274941
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingNumber
297730
CY2024Q1 us-gaap Common Stock Capital Shares Reserved For Future Issuance
CommonStockCapitalSharesReservedForFutureIssuance
1199899
CY2023Q4 us-gaap Common Stock Capital Shares Reserved For Future Issuance
CommonStockCapitalSharesReservedForFutureIssuance
1377392
CY2024Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Expiration Period
SharebasedCompensationArrangementBySharebasedPaymentAwardExpirationPeriod
P10Y
CY2024Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
635000 usd
CY2023Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
496000 usd
CY2024Q1 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
9800000 usd
CY2023Q4 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
0 usd
CY2023Q2 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
640578
CY2023Q2 us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
12.76
CY2024Q1 srt Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
50000000 usd
CY2024Q1 us-gaap Stock Repurchased And Retired During Period Shares
StockRepurchasedAndRetiredDuringPeriodShares
44567
CY2024Q1 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
71939000 usd
CY2024Q1 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
51572000 usd
CY2024Q1 us-gaap Gross Profit
GrossProfit
20367000 usd
CY2024Q1 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
14199000 usd
CY2024Q1 us-gaap Depreciation Nonproduction
DepreciationNonproduction
287000 usd
CY2024Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
45000 usd
CY2024Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
5836000 usd
CY2024Q1 us-gaap Assets
Assets
120483000 usd
CY2024Q1 rcmt Capital Expenditures
CapitalExpenditures
669000 usd
CY2023Q2 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
67124000 usd
CY2023Q2 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
48100000 usd
CY2023Q2 us-gaap Gross Profit
GrossProfit
19024000 usd
CY2023Q2 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
13396000 usd
CY2023Q2 us-gaap Depreciation Nonproduction
DepreciationNonproduction
271000 usd
CY2023Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
45000 usd
CY2023Q2 us-gaap Gain Loss On Sale Of Business
GainLossOnSaleOfBusiness
395000 usd
CY2023Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
5707000 usd
CY2023Q2 us-gaap Assets
Assets
97528000 usd
CY2023Q2 rcmt Capital Expenditures
CapitalExpenditures
332000 usd
CY2024Q1 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
71939000 usd
CY2023Q2 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
67124000 usd
CY2024Q1 us-gaap Assets
Assets
120483000 usd
CY2023Q4 us-gaap Assets
Assets
120484000 usd
CY2024Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1500000 usd
CY2024Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.269 pure
CY2023Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.276 pure
CY2024Q1 us-gaap Loss Contingency Disclosures
LossContingencyDisclosures
<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;">15.</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;"> March 30, 2024, </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;"> March 30, 2024, </em>the Company has accrued $2.6 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;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 0pt 0pt 18pt;"> </p> <p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;"> </p>
CY2024Q1 us-gaap Litigation Reserve
LitigationReserve
2600000 usd
CY2024Q1 us-gaap Operating Lease Cost
OperatingLeaseCost
333000 usd
CY2023Q2 us-gaap Operating Lease Cost
OperatingLeaseCost
372000 usd
CY2024Q1 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
116000 usd
CY2023Q2 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
137000 usd
CY2024Q1 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
0 usd
CY2023Q2 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
1000 usd
CY2024Q1 rcmt Finance Lease Cost
FinanceLeaseCost
116000 usd
CY2023Q2 rcmt Finance Lease Cost
FinanceLeaseCost
138000 usd
CY2024Q1 us-gaap Operating Lease Payments
OperatingLeasePayments
332000 usd
CY2023Q2 us-gaap Operating Lease Payments
OperatingLeasePayments
380000 usd
CY2024Q1 us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
1000 usd
CY2023Q2 us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
2000 usd
CY2024Q1 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
116000 usd
CY2023Q2 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
116000 usd
CY2024Q1 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
602000 usd
CY2023Q2 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
0 usd
CY2024Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
3147000 usd
CY2023Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
2779000 usd
CY2024Q1 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
615000 usd
CY2023Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
693000 usd
CY2024Q1 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
2644000 usd
CY2023Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
2268000 usd
CY2024Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
3259000 usd
CY2023Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
2961000 usd
CY2024Q1 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
926000 usd
CY2023Q4 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
926000 usd
CY2024Q1 rcmt Finance Lease Lessee Accumulated Depreciation Of Property
FinanceLeaseLesseeAccumulatedDepreciationOfProperty
811000 usd
CY2023Q4 rcmt Finance Lease Lessee Accumulated Depreciation Of Property
FinanceLeaseLesseeAccumulatedDepreciationOfProperty
695000 usd
CY2024Q1 rcmt Finance Lease Lessee Property Net
FinanceLeaseLesseePropertyNet
115000 usd
CY2023Q4 rcmt Finance Lease Lessee Property Net
FinanceLeaseLesseePropertyNet
231000 usd
CY2024Q1 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
116000 usd
CY2023Q4 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
233000 usd
CY2024Q1 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
-0 usd
CY2023Q4 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
-0 usd
CY2024Q1 us-gaap Finance Lease Liability
FinanceLeaseLiability
116000 usd
CY2023Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
233000 usd
CY2024Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P8Y3M29D
CY2023Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P8Y7M9D
CY2024Q1 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P0Y3M
CY2023Q4 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P0Y6M
CY2024Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0374 pure
CY2023Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0315 pure
CY2024Q1 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.0087 pure
CY2023Q4 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.0087 pure
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
559000 usd
CY2024Q1 us-gaap Finance Lease Liability Payments Remainder Of Fiscal Year
FinanceLeaseLiabilityPaymentsRemainderOfFiscalYear
116000 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
649000 usd
CY2024Q1 us-gaap Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
0 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
553000 usd
CY2024Q1 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
0 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
445000 usd
CY2024Q1 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
0 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
287000 usd
CY2024Q1 us-gaap Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
0 usd
CY2024Q1 rcmt Lessee Operating Lease Liability To Be Paid After Year Four
LesseeOperatingLeaseLiabilityToBePaidAfterYearFour
1324000 usd
CY2024Q1 rcmt Finance Lease Liability To Be Paid After Year Four
FinanceLeaseLiabilityToBePaidAfterYearFour
0 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
3817000 usd
CY2024Q1 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
116000 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
558000 usd
CY2024Q1 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
-0 usd
CY2024Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
3259000 usd
CY2024Q1 us-gaap Finance Lease Liability
FinanceLeaseLiability
116000 usd

Files In Submission

Name View Source Status
0001437749-24-015677-index-headers.html Edgar Link pending
0001437749-24-015677-index.html Edgar Link pending
0001437749-24-015677.txt Edgar Link pending
0001437749-24-015677-xbrl.zip Edgar Link pending
ex_663159.htm Edgar Link pending
ex_663160.htm Edgar Link pending
ex_663161.htm Edgar Link pending
ex_663162.htm Edgar Link pending
Financial_Report.xlsx Edgar Link pending
MetaLinks.json Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R44.htm Edgar Link pending
R45.htm Edgar Link pending
R46.htm Edgar Link pending
R47.htm Edgar Link pending
R48.htm Edgar Link pending
R49.htm Edgar Link pending
R5.htm Edgar Link pending
R50.htm Edgar Link pending
R51.htm Edgar Link pending
R52.htm Edgar Link pending
R53.htm Edgar Link pending
R54.htm Edgar Link pending
R55.htm Edgar Link pending
R56.htm Edgar Link pending
R57.htm Edgar Link pending
R58.htm Edgar Link pending
R59.htm Edgar Link pending
R6.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
rcmt-20240330.xsd Edgar Link pending
rcmt20240331_10q.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending
rcmt-20240330_def.xml Edgar Link unprocessable
rcmt-20240330_lab.xml Edgar Link unprocessable
rcmt-20240330_pre.xml Edgar Link unprocessable
rcmt20240331_10q_htm.xml Edgar Link completed
rcmt-20240330_cal.xml Edgar Link unprocessable
FilingSummary.xml Edgar Link unprocessable