7Baggers
Quarterly
Annual
    Unit: USD2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31 2020-12-31 2020-09-30 2020-06-30 2020-03-31 2019-12-31 2019-09-30 2019-06-30 2019-03-31 2018-12-31 2018-09-30 2018-06-30 2018-03-31 2017-12-31 2013-03-31 2012-12-31 2012-09-30 2012-06-30 2012-03-31 2011-12-31 2011-09-30 2011-06-30 2011-03-31 2010-12-31 2010-09-30 2010-06-30 2010-03-31 2009-12-31 2009-09-30 2009-06-30 2009-03-31 2008-12-31 2008-09-30 2008-06-30 2008-03-31 2007-12-31 2007-09-30 2007-06-30 2007-03-31 2006-12-31 
      
    		                                                          
      cash flows from operating activities
    		                                                          
      net income
    		23,766,000 23,661,000 26,851,000 24,563,000 32,679,000 25,611,000 27,317,000 22,162,000 23,740,000 20,312,000 16,398,000 8,879,000 19,105,000 18,397,000 17,862,000 12,079,000 20,390,000 20,312,000 18,351,000 12,820,000 17,871,000 13,656,000 10,612,000 19,379,000 19,630,000 14,611,000 15,318,000 18,695,000 16,671,000 13,617,000 12,417,000 27,070,000 10,112,000 9,219,000 9,573,000 10,346,000 8,937,000 8,842,000 9,334,000 8,963,000 7,726,000 7,157,000 7,393,000 7,201,000 5,420,000 6,189,000 5,116,000 5,169,000 5,882,000 6,142,000 6,868,000 7,898,000 7,815,000 9,620,000 11,094,000 11,160,000 8,682,000 9,206,000 
      adjustments to reconcile net income to net cash from operating activities:
    		                                                          
      benefit from credit losses
    		200,000 -413,000 -92,000 -1,503,000 1,624,000 205,000 1,347,000 473,000    157,000    -412,000 3,542,000 2,448,000 5,334,000                                        
      deferred income taxes and unrecognized income tax benefits
    		34,270,000 -11,490,000 -2,594,000 -7,379,000 -6,724,000 -5,447,000 -4,786,000 -14,101,000                                                   
      non-cash equity compensation
    		4,477,000 4,252,000 4,186,000 4,228,000 4,269,000 4,674,000 3,551,000 4,727,000 3,446,000 2,938,000 3,750,000 3,148,000 3,516,000 2,944,000 3,563,000 3,474,000 3,593,000 2,888,000 3,275,000 8,083,000 3,128,000 2,518,000 3,826,000 4,136,000 3,817,000 3,714,000 4,151,000 2,824,000 3,335,000 2,959,000 2,388,000 2,133,000 2,001,000 2,351,000 2,492,000 2,155,000 1,772,000 1,872,000 1,814,000 1,777,000 1,195,000                619,000  
      depreciation and amortization
    		14,168,000 14,702,000 14,795,000 13,299,000 13,111,000 13,201,000 13,865,000 14,531,000 14,561,000 16,113,000 15,533,000 15,778,000 13,958,000 10,027,000 10,154,000 8,258,000 7,680,000 7,747,000 8,285,000 8,519,000 8,654,000 8,543,000 8,032,000 6,647,000 6,966,000 7,672,000 6,897,000 7,453,000 6,726,000 6,315,000 6,712,000 6,924,000 5,192,000 6,409,000 6,366,000 6,319,000 5,346,000 5,119,000 4,913,000 5,099,000 5,176,000 5,829,000 5,798,000 5,725,000 5,749,000 5,879,000 5,709,000 5,659,000 3,306,000 3,757,000 3,947,000 3,603,000 2,783,000 2,096,000 1,879,000 1,174,000 1,167,000 921,000 
      gain on divestiture of a business
    		   0 -294,000 0 -1,715,000 -3,288,000                                                   
      other operating adjustments
    		233,000 2,169,000 1,435,000  1,736,000 424,000 46,000                                                    
      changes in operating assets and liabilities, net of the effects of acquisitions:
    		                                                          
      net contract assets and liabilities
    		20,943,000 -9,009,000 -34,610,000 54,823,000 -16,594,000 5,463,000 -29,024,000 13,588,000 -13,678,000 -19,616,000 -18,716,000 30,985,000 -1,007,000 -11,923,000 -59,689,000 19,450,000 -2,683,000 6,052,000 -19,750,000 3,222,000 17,892,000 2,299,000 -17,349,000 16,830,000 -13,285,000 7,644,000 -23,152,000 18,010,000 -12,500,000 -8,245,000 -11,413,000                            
      contract receivables
    		-20,471,000 25,960,000 21,340,000 -39,904,000 -3,806,000 -7,432,000 1,604,000 8,852,000 3,231,000 -2,073,000 10,929,000 51,502,000 -49,290,000 -13,953,000 31,473,000 -12,333,000 22,382,000 -31,601,000 2,531,000 4,956,000 -5,301,000 14,241,000 40,488,000 8,411,000 6,501,000 -54,448,000 8,236,000 -36,046,000 -18,079,000 -9,290,000 3,319,000 -3,358,000 -2,752,000 -588,000 14,007,000 3,429,000 -4,391,000 -9,610,000 -2,759,000 -3,640,000 -2,138,000 -8,101,000 -4,864,000 2,314,000 7,265,000 -2,505,000 620,000 14,807,000 3,026,000 5,090,000 -1,996,000 7,195,000 46,733,000 -23,369,000 -12,971,000 17,669,000 -41,648,000  
      prepaid expenses and other assets
    		-244,000 -912,000 -1,314,000 3,930,000 -4,221,000 3,979,000 -192,000 6,686,000 -1,971,000 -1,489,000 15,353,000 -8,746,000 -6,233,000 5,950,000 -11,708,000 13,753,000 -6,116,000 -5,124,000 2,016,000 -6,494,000 2,950,000 -796,000 -1,070,000 2,382,000 1,224,000 -2,962,000 1,353,000 191,000 274,000 -2,008,000 -5,107,000 991,000 -102,000 603,000 1,009,000 -3,452,000 1,678,000 702,000 1,242,000 -2,015,000 -972,000                  
      operating lease assets and liabilities
    		-3,218,000 -1,694,000 -1,862,000 -1,690,000 -2,666,000 -922,000 523,000 -353,000 1,003,000 1,878,000 1,016,000 -161,000 -308,000 -465,000 -532,000                                            
      accounts payable
    		15,435,000 1,140,000 -37,674,000 37,554,000 10,167,000 -8,450,000 -15,119,000 11,844,000 9,409,000 3,341,000 -26,083,000 6,609,000 29,195,000 4,014,000 -9,815,000 7,826,000 1,986,000 4,021,000 -354,000 13,867,000 249,000 -16,093,000 -49,200,000 37,001,000 2,517,000 7,992,000 -15,561,000 34,191,000 5,401,000 -4,341,000 -6,942,000 12,453,000 -587,000 2,142,000 2,483,000 -1,223,000 -798,000 5,278,000 -160,000 8,507,000 -5,629,000 7,697,000 -1,479,000 525,000 -4,347,000 1,922,000 -4,351,000 -5,259,000 3,925,000 4,429,000 -5,328,000 -12,954,000 -36,801,000 35,530,000 3,469,000 3,446,000 10,810,000 4,051,000 
      accrued salaries and benefits
    		-5,887,000 14,209,000 -30,465,000 15,159,000 -3,016,000 23,680,000 -17,775,000 10,696,000 -8,926,000 25,083,000 -24,678,000 10,634,000 -15,483,000 -8,001,000 9,513,000 -15,993,000 7,639,000 -1,977,000 4,715,000 -2,608,000 24,760,000 205,000 4,453,000 -15,215,000 19,692,000 -2,378,000 5,913,000 -15,080,000 14,299,000 -2,212,000 834,000 -9,198,000 -5,340,000 -4,039,000 -1,003,000 6,201,000 -5,313,000 1,617,000 1,236,000 -1,969,000 3,819,000 -3,932,000 10,396,000 -605,000 2,818,000 -5,586,000 9,164,000 -4,404,000 -2,381,000 -4,762,000 6,728,000 5,675,000 -11,860,000 -4,960,000 3,927,000 4,613,000 -809,000 -3,721,000 
      accrued subcontractors and other direct costs
    		2,477,000 -4,566,000 2,064,000 -5,307,000 2,325,000 4,032,000 3,303,000 3,084,000 -1,180,000 440,000 -2,613,000 -2,476,000 2,687,000 5,676,000 1,078,000 -2,139,000 599,000 -3,569,000 -33,466,000 40,166,000 1,605,000 1,099,000 -10,326,000 4,602,000 584,000 -8,683,000 -8,796,000 18,659,000 9,383,000 -3,740,000 -13,540,000                            
      accrued expenses and other current liabilities
    		-11,479,000 1,595,000 80,000 -8,618,000 3,904,000 17,063,000 -3,988,000 13,970,000 -416,000 -3,623,000 -14,688,000 25,218,000 2,777,000 3,630,000 -6,883,000 9,695,000 -3,617,000 12,316,000 8,303,000 -9,091,000 -422,000 -2,850,000 -5,835,000 1,805,000 4,704,000 -2,755,000 -8,705,000 7,518,000 -155,000 -700,000 4,457,000 23,253,000                           
      income tax receivable and payable
    		-28,817,000 -6,984,000 5,235,000 4,183,000 -5,941,000 -15,008,000 11,375,000 8,827,000 -3,549,000 807,000 3,192,000 141,000 -95,000 -4,193,000 2,621,000 -9,312,000 3,703,000 -11,117,000 3,924,000 9,755,000 3,778,000 -5,162,000 -2,996,000 -355,000 4,599,000 -7,976,000 -757,000 3,472,000 1,780,000 -5,195,000 -2,120,000 -3,987,000 6,932,000 -9,541,000 4,672,000 -6,001,000 419,000  1,258,000 -5,376,000 4,236,000                  
      other liabilities
    		1,468,000 -663,000 -409,000 -419,000 -1,004,000 -437,000 -333,000 -598,000 726,000 -396,000 629,000 3,032,000 -29,000 227,000 544,000 160,000 -1,433,000 -438,000 262,000 -2,167,000 7,625,000 7,143,000 -476,000 317,000 -325,000 518,000 -366,000 192,000 1,086,000 -1,448,000 346,000 -761,000 245,000 -106,000 -1,225,000 -4,331,000 5,461,000 685,000 -150,000 1,032,000 513,000 -66,000 -393,000 -11,000 -635,000 247,000 -521,000 428,000 -66,000 365,000 -2,551,000 -774,000 -413,000 26,000 -111,000 -1,055,000 -11,000  
      net cash from operating activities
    		47,321,000 51,957,000 -33,034,000 95,360,000 25,549,000 60,636,000 -10,001,000 106,831,000 25,673,000 36,710,000 -16,831,000 155,610,000 187,000 13,464,000 -7,055,000 45,442,000 58,422,000 1,380,000 4,961,000 77,974,000 84,370,000 26,033,000 -15,232,000 85,076,000 54,310,000 -35,258,000 -12,688,000 64,317,000 32,078,000 -15,878,000 -5,847,000 46,907,000 13,307,000 20,386,000 38,434,000 17,418,000 11,003,000 12,715,000 17,424,000 15,556,000 13,826,000 14,572,000 22,439,000 15,304,000 15,863,000 12,495,000 18,562,000 8,001,000 9,496,000 11,908,000 9,026,000 1,025,000 6,090,000 9,905,000 5,404,000 37,143,000 -6,989,000 -21,643,000 
      cash flows from investing activities
    		                                                          
      payments for purchase of property and equipment and capitalized software
    		-5,543,000 -5,750,000 -3,452,000 -5,871,000 -5,167,000 -5,166,000 -5,226,000                                                    
      proceeds from divestiture of a business
    		   0 270,000 0 1,715,000 4,177,000                                                   
      other investing
    		0                                                          
      net cash from investing activities
    		-5,543,000 -5,347,000 -3,452,000 -61,231,000 -4,897,000 -5,166,000 -3,511,000 -284,000 42,414,000 -38,903,000 -6,900,000 -5,441,000 -245,288,000   -182,202,000 -4,804,000 -3,880,000 -3,595,000 -4,948,000 -3,895,000 -4,380,000 -257,725,000 -6,215,000 -7,920,000 -6,977,000 -9,358,000 -17,947,000 -17,205,000 -6,164,000 -15,071,000 -6,037,000 -3,621,000 -2,382,000 -4,519,000 -2,452,000 -14,182,000 -105,106,000 -4,352,000 -2,514,000 -6,271,000 -2,665,000 -1,734,000 -1,738,000 -1,540,000 -34,225,000 -3,236,000 -4,040,000 -155,676,000 -856,000 -5,651,000 -3,234,000 -51,951,000 -56,456,000 -1,420,000 -27,853,000 -14,469,000 839,000 
      cash flows from financing activities
    		                                                          
      advances from working capital facilities
    		293,020,000 243,221,000 512,430,000 309,973,000 257,557,000 304,519,000 355,877,000 272,932,000 302,829,000 334,442,000 334,995,000 225,601,000 488,806,000 539,839,000 329,690,000 321,207,000 177,278,000 196,797,000 185,755,000 74,250,000 31,694,000 170,176,000 744,331,000 141,291,000 167,065,000 215,234,000 163,240,000 129,354,000 159,864,000 146,533,000 138,240,000 129,350,000 19,757,000 21,754,000 28,296,000 86,989,000 35,231,000 108,669,000 22,628,000 49,547,000 32,294,000 21,223,000 9,043,000 9,322,000 3,729,000 61,380,000 19,396,000 62,590,000 172,418,000 43,071,000 58,183,000 68,574,000 101,121,000  119,867,000 43,816,000 52,406,000  
      payments on working capital facilities
    		-306,212,000 -283,220,000 -422,406,000 -317,748,000 -272,623,000 -345,607,000 -311,813,000 -377,230,000 -370,691,000 -330,913,000 -293,640,000 -371,237,000 -236,629,000 -546,597,000 -291,662,000 -179,489,000 -229,380,000 -189,721,000 -174,674,000 -133,469,000 -110,486,000 -236,383,000 -389,776,000 -220,846,000 -210,609,000 -159,008,000 -131,346,000 -161,434,000 -171,005,000 -134,379,000 -112,999,000 -153,179,000 -38,046,000 -31,754,000 -56,826,000 -95,605,000 -28,085,000 -13,669,000 -36,042,000 -66,133,000 -37,294,000 -36,223,000 -29,043,000 -24,322,000 -13,729,000 -126,380,000 -31,069,000 -66,925,000 -26,410,000 -52,763,000 -61,387,000 -68,581,000 -55,297,000 -71,440,000 -124,867,000 -57,743,000 -33,479,000  
      proceeds from other short-term borrowings
    		3,193,000 4,825,000 2,780,000 18,345,000 6,952,000 12,427,000 24,356,000 23,138,000 17,762,000                                                  
      repayments of other short-term borrowings
    		-1,255,000 -6,193,000 -9,172,000 -13,128,000 -6,347,000 -22,983,000 -23,950,000 -22,808,000 -16,362,000                                                  
      receipt of restricted contract funds
    		   -24,000 6,000 8,000 1,261,000 1,260,000 1,472,000 2,024,000 2,916,000 2,196,000 2,558,000 6,666,000 4,301,000 69,710,000 119,346,000 74,707,000 451,000                                        
      payment of restricted contract funds
    		   319,000 -3,000 -192,000 -3,391,000 -1,042,000 -3,080,000 -2,831,000 -1,131,000 -2,601,000 -2,808,000 -5,836,000 -14,714,000 -92,290,000 -110,301,000 -90,318,000 -27,081,000                                        
      dividends paid
    		-2,576,000 -2,579,000 -2,620,000 -2,627,000 -2,623,000 -2,621,000 -2,636,000 -2,634,000 -2,632,000 -2,630,000 -2,641,000 -2,635,000 -2,632,000 -2,636,000 -2,644,000 -2,642,000 -2,639,000 -2,642,000 -2,642,000 -2,641,000 -2,635,000 -2,636,000 -2,639,000 -2,634,000 -2,628,000 -2,642,000 -2,636,000 -2,646,000 -2,634,000                              
      net payments for stock issuances and share repurchases
    		-199,000 29,000 -39,342,000  -377,000 -263,000 -30,355,000                                                    
      other financing
    		-653,000 -651,000 -646,000 -638,000 -632,000 -629,000 -516,000                                                    
      net cash from financing activities
    		-14,682,000 -44,568,000 41,024,000 -22,300,000 -18,090,000 -55,341,000 8,833,000 -105,524,000 -71,311,000 4,559,000 19,688,000 -148,654,000 248,099,000 -11,748,000 2,674,000 114,901,000 -46,026,000 -12,367,000 -33,275,000 -2,752,000 -81,659,000 -71,508,000 325,874,000 -80,271,000 -44,861,000 43,048,000 14,444,000 -39,935,000 -15,380,000 9,447,000 17,097,000 -24,794,000 -19,701,000 -9,440,000 -33,194,000 -15,192,000 5,184,000 94,748,000 -13,528,000 -16,697,000 -4,724,000 -15,150,000 -19,718,000 -14,670,000 -9,828,000 14,918,000 -10,600,000 -1,758,000 146,945,000  -2,323,000 1,505,000 45,715,000 47,273,000 -3,699,000 -8,960,000 19,723,000 22,142,000 
      effect of exchange rate changes on cash, cash equivalents, and restricted cash
    		-58,000 754,000 737,000 -647,000 305,000 40,000 -171,000 572,000 -392,000 168,000 11,000 977,000 -986,000 -664,000 -525,000 -10,000 -1,200,000 -46,000 745,000 3,476,000 357,000 258,000 -738,000 440,000 -381,000 -198,000 305,000 -539,000 -4,000 -369,000 120,000 454,000                           
      net change in cash, cash equivalents, and restricted cash
    		27,038,000 2,796,000 5,275,000                                                        
      cash, cash equivalents, and restricted cash, beginning of period
    		0 0 18,817,000 0 0 0 9,449,000 0 0 0 12,968,000 0 0 0 20,433,000 0 0 0 81,987,000 0 0 0 6,482,000 0 0 0 12,986,000 0 0 0 24,266,000 0                           
      cash, cash equivalents, and restricted cash, end of period
    		27,038,000 2,796,000 24,092,000 11,182,000 2,867,000 169,000 4,599,000 1,595,000 -3,616,000 2,534,000 8,936,000 2,492,000 2,012,000 -609,000 9,073,000 -21,869,000 6,392,000 -14,913,000 50,823,000 73,750,000 -827,000 -49,597,000 58,661,000 -970,000 1,148,000 615,000 5,689,000 5,896,000 -511,000 -12,964,000 20,565,000 16,530,000                           
      supplemental disclosure of cash flow information
    		                                                          
      cash paid during the period for:
    		                                                          
      interest
    		5,141,000 10,360,000 4,544,000 5,658,000 9,118,000 7,530,000 7,740,000 4,920,000 10,044,000 13,205,000 5,924,000 9,187,000 7,122,000 3,713,000 2,760,000 2,449,000 2,563,000 2,682,000 2,637,000 3,006,000 3,456,000 3,983,000 3,892,000 2,843,000 2,884,000 3,100,000 1,597,000 2,700,000 3,552,000 2,045,000 1,596,000 1,880,000 754,000 650,000 856,000 907,000 830,000 640,000 509,000 575,000 610,000 732,000 762,000 920,000 1,459,000 954,000 1,943,000 1,064,000 703,000 1,791,000 1,043,000 747,000 924,000 341,000 442,000 480,000 213,000 386,000 
      income taxes
    		1,594,000 24,742,000 1,095,000 9,839,000 19,275,000 29,974,000 1,133,000 13,586,000 4,154,000 7,536,000 914,000 2,092,000 2,011,000 11,424,000 949,000 9,070,000 4,348,000 19,753,000 961,000 4,816,000 1,015,000 9,228,000 895,000 8,534,000 2,635,000 14,360,000 1,066,000 1,814,000 1,566,000 10,875,000 615,000 6,574,000 120,000 3,671,000 2,509,000 12,729,000 1,468,000 7,237,000 7,414,000 11,432,000 328,000 8,095,000 6,200,000 4,164,000 518,000 277,000 689,000 6,495,000 183,000 3,751,000 6,153,000 13,924,000 617,000 8,802,000 8,042,000 10,631,000 4,364,000 3,124,000 
      other operating
    		                                                          
      changes in operating assets and liabilities, net of the effect of acquisitions:
    		                                                          
      payments for business acquisitions, net of cash acquired
    		       0 0 -32,205,000 -459,000 1,711,000        -175,000 0                          0 -2,046,000 -154,856,000  -52,000 -630,000 -50,652,000  -252,000 -27,166,000 -12,855,000  
      proceeds from working capital adjustments related to prior business acquisition
    		           0 0                                              
      net payments for stockholder issuances and share repurchases
    		                                                          
      increase in cash, cash equivalents, and restricted cash
    		               -21,869,000 6,392,000 -14,913,000 -31,164,000 73,750,000 -827,000 -49,597,000 52,179,000       -12,964,000 -3,701,000 16,530,000                           
      supplemental disclosure of cash flow information:
    		                                                          
      non-cash investing and financing transactions:
    		                                                          
      tenant improvements funded by lessor
    		           0 10,000 9,400,000 10,843,000     917,000                                       
      acquisition of property and equipment through finance lease
    		           3,292,000                                               
      decrease in cash, cash equivalents, and restricted cash
    		    2,867,000 169,000 -4,850,000 1,595,000 -3,616,000 2,534,000 -4,032,000  2,012,000 -609,000 -11,360,000          1,148,000 615,000 -7,297,000                                
      facilities consolidation reserve
    		           -81,000 -80,000 -78,000 -78,000 -77,000 -77,000 -73,000 -75,000 -74,000 -73,000 -70,000 -71,000 -70,000 -70,000 -67,000 -67,000 -67,000 -66,000 -63,000 -64,000 128,000                           
      amortization of debt issuance costs
    		       1,012,000 333,000 325,000 326,000 365,000 323,000 463,000 154,000 154,000 154,000 154,000 155,000 153,000 154,000 157,000 246,000 127,000 126,000 127,000 127,000                                
      impairment of long-lived assets
    		       3,865,000 2,913,000 -6,000 894,000     7,562,000 36,000 0 303,000     0 0                                  
      other adjustments
    		       854,000 -811,000 -584,000 -827,000 809,000 -394,000 515,000 353,000 -719,000 453,000 908,000 457,000 3,242,000 -632,000 -880,000 -766,000 1,291,000 -660,000 -186,000 -264,000                                
      capital expenditures for property and equipment and capitalized software
    		       -4,461,000 -4,737,000 -6,698,000 -6,441,000 -7,152,000 -6,297,000 -4,572,000 -6,454,000 -7,653,000 -4,804,000 -3,880,000 -3,595,000 -4,773,000 -3,895,000 -4,311,000 -4,704,000 -6,215,000 -6,170,000 -6,977,000 -7,539,000 -6,219,000 -6,196,000 -6,161,000 -3,236,000 -6,038,000                           
      debt issuance costs
    		                                                          
      payments of principal portion of finance leases
    		       -658,000 -597,000 -593,000 -590,000                                                
      proceeds from exercise of options
    		       0 1,000 167,000 111,000 190,000 218,000 102,000 92,000 75,000 0 71,000 2,702,000 0 0 0 37,000 1,031,000 1,454,000 25,000 404,000 0 2,309,000 1,733,000 1,800,000 0 40,000 11,000 44,000 0 23,000 31,000 228,000 134,000 85,000 350,000 127,000 81,000 408,000  723,000 1,313,000 448,000          
      net payments for stockholder issuances and buybacks
    		                       887,000 -143,000 -8,940,000 -15,218,000 -4,726,000 -3,802,000 512,000 -9,109,000 470,000 -1,649,000  -4,648,000 -6,523,000 -790,000  -246,000 -207,000 -758,000  -23,000 -144,000 -428,000  -1,328,000       117,000 -390,000 78,000 27,000 -44,000 
      payments on business acquisition liabilities
    		           0 -1,011,000 0 -121,000 -325,000 0 0 -682,000 0 0                                      
      share repurchases transacted but not settled and paid
    		                                                          
      net payments for stock issuances and buybacks
    		        -13,000 2,227,000 -22,815,000  -327,000 1,490,000 -22,268,000  -330,000 -1,261,000 -17,104,000  -223,000 974,000 -23,998,000                                    
      benefit from (recovery of) credit losses
    		         270,000 567,000                                                
      deferred income taxes
    		         -7,010,000 2,187,000 1,405,000 1,282,000 236,000 4,505,000 4,754,000 1,573,000 651,000 1,838,000 -9,703,000 1,768,000 1,314,000 4,756,000 -1,212,000 -1,783,000 -272,000 3,144,000      -469,000 10,722,000 -696,000 -63,000 3,674,000 -2,098,000 -2,368,000 -141,000 -16,000 -1,534,000 -1,470,000 -998,000 -1,222,000 634,000 4,303,000 -508,000 -2,226,000 1,356,000 957,000 -2,449,000 -3,244,000  -3,014,000 2,159,000 -860,000  
      other short-term borrowings
    		          2,483,000                                                
      payments on capital expenditure obligations
    		                   0 0   0 0   -483,000 -112,000 -2,317,000 -814,000 -1,414,000                           
      exercise of options receivable from shareholders
    		                                                          
      debt issue costs
    		            -76,000       -1,000 -9,000 -3,000 -2,081,000     0 0 0 -21,000 -21,000  2,000 -61,000 -215,000 -1,681,000     0 0   -25,000 0 -45,000 -585,000 -4,000 -2,000 -98,000 -1,211,000 -60,000 -71,000 -4,000 -7,000 -27,000 
      (recovery of) benefit from credit losses
    		             -2,000 -170,000                                            
      non-cash lease expense
    		                -1,382,000 -2,218,000 -1,143,000                                        
      bad debt expense
    		                   2,545,000 364,000 709,000 444,000 247,000 73,000 463,000 -159,000                                
      remeasurement of contingent acquisition liability
    		                                                          
      deferred and contingent consideration arising from businesses acquired
    		                                                          
      capital expenditure obligations
    		                           0 0                              
      payments for business acquisitions, net of cash received
    		                      -253,021,000 0 -1,750,000 0 -1,819,000 -11,728,000 -11,009,000 -3,000 -11,835,000 1,000  775,000 -2,217,000 24,000 -8,556,000 -101,789,000 -1,697,000 24,000 -4,547,000                  
      deferred rent
    		                                665,000 849,000 428,000 1,792,000 525,000 426,000 558,000 409,000 842,000 400,000 372,000 457,000 -76,000 80,000 55,000 0 -29,000 -2,000 262,000 329,000 -22,000 -8,000 29,000 -46,000 18,000 13,000 
      changes in operating assets and liabilities:
    		                                                          
      proceeds from hedge sale
    		                                                          
      deferred taxes and other adjustments
    		                            3,923,000 -1,527,000 2,866,000                            
      deferred revenue
    		                               3,871,000 138,000 3,513,000 -4,211,000 -1,285,000 -655,000 -1,544,000 291,000 -335,000 896,000 3,538,000 2,427,000 -2,352,000 -2,949,000 2,920,000 3,204,000 -1,528,000 -255,000 53,000 -1,233,000 -166,000 -2,488,000 1,483,000 3,101,000 -4,371,000 -2,725,000 3,833,000 
      tax benefits of stock option exercises and award vesting
    		                                197,000 155,000 1,000 162,000 486,000 -588,000 -96,000 -38,000 949,000                  
      loss on disposal of fixed assets
    		                                11,000           -10,000 29,000   16,000 1,000 5,000 -19,000 39,000 102,000 63,000 3,000    
      amortization of debt issue costs
    		                                119,000                          
      accrued expenses
    		                                -2,858,000 -1,311,000 4,696,000 3,946,000 -5,712,000 799,000 1,986,000 3,096,000 -3,059,000 3,130,000 1,815,000 2,386,000 -1,499,000 -2,233,000 -5,391,000 -965,000 -8,224,000 -4,923,000 2,037,000 -3,064,000 -6,658,000 -10,971,000 -5,037,000 9,356,000 16,502,000 2,149,000 
      capital expenditures
    		                                -3,621,000 -3,157,000 -2,302,000 -2,476,000 -5,626,000 -3,317,000 -2,655,000 -2,538,000 -1,696,000 -2,577,000 -1,629,000 -1,630,000 -1,447,000 -2,351,000 -3,138,000 -1,877,000 -702,000 -672,000 -5,354,000 -2,667,000 -1,236,000  -1,227,000 -484,000 -921,000  
      free cash flows
    		                                9,686,000 17,229,000 36,132,000 14,942,000 5,377,000 9,398,000 14,769,000 13,018,000 12,130,000 11,995,000 20,810,000 13,674,000 14,416,000 10,144,000 15,424,000 6,124,000 8,794,000 11,236,000 3,672,000 -1,642,000 4,854,000  4,177,000 36,659,000 -7,910,000  
      effect of exchange rate on cash
    		                                -245,000 99,000 84,000 -230,000 -389,000 -270,000 -211,000 44,000 156,000 46,000 173,000 -324,000 -82,000 -85,000 151,000 121,000 -252,000 -397,000 -371,000 155,000 -20,000 -63,000 112,000 73,000 12,000 64,000 
      increase in cash
    		                                -10,260,000 8,663,000 805,000 -456,000 1,616,000 2,087,000 -667,000 -3,611,000 2,987,000                  
      cash, beginning of period
    		                                14,725,000 0 0 0 4,097,000 0 0 0 3,301,000                  
      cash, end of period
    		                                4,465,000 8,663,000 805,000 -456,000 5,713,000 2,087,000 -667,000 -3,611,000 6,288,000                  
      billed
    		                                130,841,000      -1,061,000 -225,000 123,273,000                  
      unbilled
    		                                78,534,000      3,108,000 4,108,000 58,959,000                  
      allowance for doubtful accounts
    		                                -1,535,000      712,000 -290,000 -1,416,000                  
      (gain) loss on disposal of fixed assets
    		                                 20,000 26,000 9,000 67,000 0 45,000 8,000 -66,000                  
      restricted cash
    		                                 -193,000 -183,000 -424,000 -7,000 343,000 184,000 141,000 1,303,000 -15,000 -14,000 -14,000 -1,013,000 -19,000 305,000 1,305,000 544,000 -4,439,000 262,000 739,000 23,000 -37,000 -64,000 1,568,000 -1,432,000  
      capitalized software development costs
    		                                    0 0 0 0 -28,000 -88,000 -105,000 -108,000 -93,000 -104,000 -98,000 -117,000 -118,000 -96,000   -63,000 170,000 59,000 -181,000 -178,000 98,000 
      issuances of stock
    		                                                          
      share repurchases and shares reacquired in net share issuance
    		                                                          
      •
    		                                                          
      cash
    		                                  0 0 1,112,000                      
      other current and non-current assets
    		                                  2,000 0 199,000                      
      customer-related intangibles
    		                                  0 0 14,726,000                      
      marketing-related intangibles
    		                                  0 0 484,000                      
      goodwill
    		                                  53,000 -40,000 74,378,000                      
      property and equipment
    		                                  0 0 1,121,000                      
      total assets
    		                                  -83,000 -595,000 104,698,000                      
      accounts payable and other
    		                                  23,000                        
      billings in excess of costs
    		                                  -54,000 0 905,000                      
      total liabilities
    		                                  -31,000 -72,000 2,206,000                      
      net assets
    		                                  -52,000 -523,000 102,492,000                      
      income tax payable
    		                                                5,172,000  -1,181,000 -6,533,000 7,750,000  1,374,000 -6,118,000 1,563,000 1,708,000 
      proceeds from secondary offering
    		                                                          
      shares reacquired in net share issuance
    		                                                          
      payments received on stockholder notes
    		                                                     26,000 222,000 281,000 33,000 78,000 
      income tax receivable/payable
    		                                                          
      restricted cash related to caliber acquisition
    		                                                          
      non-cash compensation
    		                                          2,354,000 2,173,000 1,715,000  1,905,000 2,061,000 1,714,000 1,646,000 1,457,000 1,700,000 1,670,000  792,000    
      gain on disposal of fixed assets
    		                                                          
      prepaid expenses and other
    		                                          44,000 -2,610,000 496,000  2,208,000 -4,656,000 -349,000 271,000 -922,000 526,000 723,000  -435,000 -785,000 -286,000  
      income tax receivable
    		                                          43,000 1,123,000 4,112,000  -3,435,000        1,307,000    
      excess tax benefits of stock option exercises
    		                                          178,000                
      net increase in cash and cash equivalents
    		                                          1,160,000 -1,428,000 4,413,000  4,877,000 2,324,000 513,000      397,000 403,000 -1,723,000  
      cash and cash equivalents, beginning of period
    		                                          0 0 2,353,000  0 0 1,536,000  0 0 2,733,000  0 0 2,997,000  
      cash and cash equivalents, end of period
    		                                          1,160,000 -1,428,000 6,766,000  4,877,000 2,324,000 2,049,000  681,000 -549,000 2,567,000  397,000 403,000 1,274,000  
      tax benefits of stock option exercises
    		                                            192,000  1,373,000 398,000 609,000 1,224,000 1,009,000 431,000 607,000 74,000 709,000 1,371,000 880,000 202,000 
      accrued interest on stockholder notes
    		                                                     0 -3,000 -7,000 -11,000 -12,000 
      payments for trademark applications
    		                                                          
      exercise of options
    		                                                   477,000 455,000  895,000 1,673,000 1,283,000  
      cash, beginning of year
    		                                                          
      cash, end of year
    		                                                          
      supplemental disclosures of cash flow information:
    		                                                          
      cash paid during the period:
    		                                                          
      net payments proceeds for stockholder issuances and buybacks
    		                                                -79,000          
      abandonment of leased space
    		                                                         52,000 
      payments on notes payable
    		                                                         -25,667,000 
      proceeds from initial public offering
    		                                                          
      purchase of stock for treasury
    		                                                          
      net cash from by financing activities
    		                                                          
      proceeds on stockholder notes
    		                                                  0        
      net decrease in cash and cash equivalents
    		                                                  681,000 -549,000 -166,000      
      net (payments) proceeds for stockholder issuances and buybacks
    		                                                          
      payments for trademark application
    		                                                        -15,000  
      additional payments for acquisition of caliber associates, inc.
    		                                                      0 -23,000 -500,000  
      other
    		                                                    17,000      
      deferred income tax benefit
    		                                                          
      purchase of property and equipment
    		                                                          
      payments received on notes receivable
    		                                                          
      payments for synergy, inc., net of cash received
    		                                                          
      payments for caliber associates, inc., net of cash received
    		                                                          
      proceeds from notes payable
    		                                                          
      borrowings from working capital facilities
    		                                                          
      exercise of options/warrants
    		                                                         333,000 
      costs associated with trademark application
    		                                                      0    
      expenses associated with initial public offering
    		                                                          
      net proceeds from initial public offering
    		                                                       0 12,000  
      proceeds from sale of property and equipment
    		                                                          
      proceeds from sale of subsidiary
    		                                                          
      net borrowings from working capital facilities
    		                                                         93,404,000 
      cash flows from operating activities:
    		                                                          
      changes in assets and liabilities, net of the effect of acquisitions:
    		                                                          
      accounts receivable
    		                                                          
      cash flows from investing activities:
    		                                                          
      acquisition of synergy, inc., net of cash acquired
    		                                                          
      acquisition of caliber associates, inc., net of cash acquired
    		                                                          
      cash flows from financing activities:
    		                                                          
      prepaid offering costs
    		                                                          
      non-cash financing activities:
    		                                                          
      amount due from underwriter for initial public offering
    		                                                          
      unpaid stock issuance costs from ipo previously included in prepaid expenses and other assets
    		                                                          
      accrual of net proceeds from ipo excluding prepaid offering costs
    		                                                          
    The information provided in this report is taken from www.sec.gov and many other data providers. While we have conducted our best efforts to ensure that the parsed data is accurate, we cannot guarantee its accuracy. Please use caution and understand that any consequences of its use are your own responsibility.