ICF International, Inc
(NASDAQ:ICFI)

ICF International, Inc. provides management, marketing, technology, and policy consulting and implementation services to government and commercial clients in the United States and internationally. The company researches critical policy, industry, stakeholder issues, trends, and behaviors; measures a...

Website: http://www.icf.com

Founded: 1969

Full Time Employees: 7,000

Sector: Industrials

Industry: Consulting Services

Industrials

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• Market Cap:

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• Employees:

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At a glance:

Bull Thesis:

Bear Thesis:

Main Competitors:

Moat:

Income Statements:

Quarterly

Annual

Unit: USD	2026-03-31	2025-12-31	2025-09-30	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	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	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	2007-03-31	2006-09-30

revenue	437,500,000	443,673,000	465,405,000	476,155,000	487,618,000	496,324,000	516,998,000	512,029,000	494,436,000	478,352,000	501,519,000	500,085,000	483,282,000	475,609,000	467,777,000	423,110,000	413,468,000	387,985,000	394,060,000	392,525,000	378,478,000	434,335,000	360,315,000	353,987,000	358,238,000	396,636,000	373,918,000	366,717,000	341,254,000	377,910,000	332,968,000	324,315,000	302,780,000	321,174,000	305,301,000	306,392,000	296,295,000	289,559,000	306,520,000	305,419,000	283,599,000																																		151,713,000	107,801,000
yoy	-10.28%	-10.61%	-9.98%	-7.01%	-1.38%	3.76%	3.09%	2.39%	2.31%	0.58%	7.21%	18.19%	16.88%	22.58%	18.71%	7.79%	9.24%	-10.67%	9.37%	10.89%	5.65%	9.50%	-3.64%	-3.47%	4.98%	4.96%	12.30%	13.07%	12.71%	17.67%	9.06%	5.85%	2.19%	10.92%	-0.40%	0.32%	4.48%
qoq	-1.39%	-4.67%	-2.26%	-2.35%	-1.75%	-4.00%	0.97%	3.56%	3.36%	-4.62%	0.29%	3.48%	1.61%	1.67%	10.56%	2.33%	6.57%	-1.54%	0.39%	3.71%	-12.86%	20.54%	1.79%	-1.19%	-9.68%	6.08%	1.96%	7.46%	-9.70%	13.50%	2.67%	7.11%	-5.73%	5.20%	-0.36%	3.41%	2.33%	-5.53%	0.36%	7.69%																																			40.73%
direct costs	270,637,000	285,323,000	290,545,000	298,425,000	302,542,000	317,105,000	325,047,000	329,331,000	310,533,000	303,545,000	323,504,000	325,404,000	312,565,000	300,064,000	307,295,000	268,905,000	258,158,000	246,667,000	254,175,000	246,646,000	232,082,000	295,095,000	223,288,000	223,407,000	230,616,000	264,027,000	238,158,000	235,053,000	215,949,000	249,057,000	213,060,000	206,565,000	188,826,000	207,230,000	189,992,000	190,896,000	183,607,000	182,440,000	191,310,000	194,188,000	177,199,000	173,752,000	177,864,000	178,251,000	164,569,000	168,485,000	166,064,000	166,667,000	153,730,000	143,146,000	154,024,000	151,528,000	142,818,000	146,879,000	148,267,000	147,861,000	140,188,000	131,436,000	137,343,000	133,522,000	118,221,000	119,437,000	124,060,000	125,131,000	107,559,000	106,576,000	101,610,000	103,911,000	99,237,000	104,864,000	115,421,000	119,310,000	120,407,000		108,152,000	73,213,000
operating costs and expenses:
indirect and selling expenses	118,827,000	115,235,000	122,261,000	123,017,000	131,891,000	129,452,000	132,816,000	127,091,000	129,094,000	123,354,000	131,553,000	126,522,000	123,733,000	136,718,000	118,290,000	114,403,000	117,452,000	114,472,000	99,940,000	106,178,000	109,982,000	108,963,000	100,123,000	99,255,000	103,271,000	97,664,000	100,130,000	101,450,000	96,519,000	91,958,000	88,960,000	90,410,000	89,659,000	86,840,000	84,558,000	86,240,000	88,802,000	77,655,000	84,193,000	84,641,000	81,559,000	79,533,000	81,011,000	83,782,000	84,833,000	83,447,000	74,704,000	74,232,000	69,637,000	68,874,000	67,647,000	67,604,000	68,262,000	64,265,000	66,356,000	67,404,000	65,871,000	63,525,000	60,341,000	59,270,000	57,926,000	56,025,000	55,348,000	56,130,000	51,030,000	52,011,000	50,430,000	55,698,000	45,289,000	42,016,000	44,251,000	46,856,000	37,237,000		27,734,000	27,299,000
depreciation and amortization	13,180,000	14,482,000	14,168,000	14,702,000	14,795,000	5,181,000	4,820,000	4,909,000	5,574,000	6,225,000	5,917,000	6,826,000	6,309,000	6,284,000	5,297,000	5,063,000	4,838,000	4,815,000	4,665,000	4,728,000	5,270,000	5,013,000	5,143,000	5,064,000	5,179,000	4,707,000	5,035,000	5,595,000	4,762,000	4,439,000	4,210,000	4,045,000	4,469,000	4,260,000	4,613,000	4,299,000	4,519,000	4,405,000	4,130,000	4,084,000	4,019,000	4,164,000	4,316,000	3,894,000	3,848,000	3,876,000	3,227,000	3,190,000	3,076,000	2,886,000	2,771,000	2,782,000	2,799,000	2,850,000	2,886,000	2,800,000	1,815,000	2,674,000	2,544,000	2,778,000	2,761,000	2,748,000	2,716,000	2,643,000	2,668,000	2,808,000	2,550,000	2,499,000	1,559,000	1,516,000	1,706,000	3,603,000	2,783,000		1,167,000	949,000
total operating costs and expenses	132,007,000	129,717,000	136,429,000	137,719,000	146,686,000	142,752,000	145,927,000	140,291,000	142,959,000	137,886,000	146,114,000	142,634,000	139,266,000	152,496,000	132,248,000	124,429,000	127,607,000	122,730,000	107,620,000	113,925,000	118,267,000	117,482,000	108,777,000	107,798,000	111,303,000	104,311,000	107,096,000	109,122,000	103,416,000	99,410,000	95,686,000	96,725,000	96,372,000	93,763,000	91,913,000	93,288,000	96,055,000	85,154,000	91,434,000	91,873,000	88,706,000	68,637,500	89,590,000	91,964,000	92,996,000	58,623,750	80,204,000	79,619,000	74,672,000	54,769,000	72,877,000	72,745,000	73,454,000	70,674,000	72,722,000	73,723,000	71,217,000	68,644,000	65,254,000	64,369,000	63,102,000	61,854,000	61,146,000	61,855,000	56,779,000	41,522,750	56,139,000	61,357,000	48,595,000	34,669,250	48,198,000	50,459,000	40,020,000			101,461,000
operating income	34,856,000	28,633,000	38,431,000	40,011,000	38,390,000	36,467,000	46,024,000	42,407,000	40,944,000	36,921,000	31,901,000	32,047,000	31,451,000	23,049,000	28,234,000	29,776,000	27,703,000	18,588,000	32,265,000	31,954,000	28,129,000	21,758,000	28,250,000	22,782,000	16,319,000	28,298,000	28,664,000	22,542,000	21,889,000	29,443,000	24,222,000	21,025,000	17,582,000	20,181,000	23,396,000	22,208,000	16,633,000	21,965,000	23,776,000	19,358,000	17,694,000	19,038,000	21,497,000	18,734,000	15,962,000	16,610,000	18,528,000	17,574,000	16,650,000	12,587,000	17,154,000	17,295,000	17,649,000	14,426,000	16,875,000	18,065,000	16,236,000	13,867,000	16,094,000	15,504,000	13,419,000	11,647,000	12,505,000	12,661,000	10,100,000	7,372,250	9,322,000	10,137,000	10,030,000	10,419,500	12,662,000	14,295,000	14,721,000			6,340,000
yoy	-9.21%	-21.48%	-16.50%	-5.65%	-6.24%	-1.23%	44.27%	32.33%	30.18%	60.18%	12.99%	7.63%	13.53%	24.00%	-12.49%	-6.82%	-1.51%	-14.57%	14.21%	40.26%	72.37%	-23.11%	-1.44%	1.06%	-25.45%	-3.89%	18.34%	7.22%	24.50%	45.89%	3.53%	-5.33%	5.71%	-8.12%	-1.60%	14.72%	-6.00%	15.37%	10.60%	3.33%	10.85%	14.62%	16.02%	6.60%	-4.13%	31.96%	8.01%	1.61%	-5.66%	-12.75%	1.65%	-4.26%	8.70%	4.03%	4.85%	16.52%	20.99%	19.06%	28.70%	22.45%	32.86%	57.98%	34.15%	24.90%	0.70%	-29.25%	-26.38%	-29.09%	-31.87%			125.47%
qoq	21.73%	-25.50%	-3.95%	4.22%	5.27%	-20.77%	8.53%	3.57%	10.90%	15.74%	-0.46%	1.90%	36.45%	-18.36%	-5.18%	7.48%	49.04%	-42.39%	0.97%	13.60%	29.28%	-22.98%	24.00%	39.60%	-42.33%	-1.28%	27.16%	2.98%	-25.66%	21.55%	15.21%	19.58%	-12.88%	-13.74%	5.35%	33.52%	-24.27%	-7.62%	22.82%	9.40%	-7.06%	-11.44%	14.75%	17.37%	-3.90%	-10.35%	5.43%	5.55%	32.28%	-26.62%	-0.82%	-2.01%	22.34%	-14.51%	-6.59%	11.27%	17.08%	-13.84%	3.81%	15.54%	15.21%	-6.86%	-1.23%	25.36%	37.00%	-20.92%	-8.04%	1.07%	-3.74%	-17.71%	-11.42%	-2.89%
operating margin %	7.97%	6.45%	8.26%	8.40%	7.87%	7.35%	8.90%	8.28%	8.28%	7.72%	6.36%	6.41%	6.51%	4.85%	6.04%	7.04%	6.70%	4.79%	8.19%	8.14%	7.43%	5.01%	7.84%	6.44%	4.56%	7.13%	7.67%	6.15%	6.41%	7.79%	7.27%	6.48%	5.81%	6.28%	7.66%	7.25%	5.61%	7.59%	7.76%	6.34%	6.24%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	NaN%	0%	5.88%
interest	-6,709,000	-7,213,000	-7,861,000	-8,422,000	-7,337,000	-6,454,000	-7,195,000	-7,703,000	-8,238,000	-9,535,000	-10,557,000	-10,132,000	-9,457,000
other expense	-757,000												-558,000													-91,750	-141,000
income before income taxes	27,390,000	21,296,000	30,746,000	29,950,000	30,001,000	31,052,000	37,930,000	34,740,000	34,336,000	29,793,000	24,080,000	21,238,000	21,436,000	11,925,000	21,647,000	25,771,000	24,637,000	15,969,000	29,796,000	29,296,000	25,029,000	17,927,000	24,539,000	19,223,000	12,984,000	25,656,000	25,699,000	19,794,000	19,024,000	26,636,000	21,631,000	18,540,000	16,020,000	18,388,000	20,910,000	19,897,000	14,791,000	20,041,000	22,101,000	16,841,000	15,524,000	16,607,000	18,771,000	15,055,000	13,167,000	14,677,000	17,393,000	16,179,000	15,901,000	11,789,000	16,818,000	16,660,000	16,959,000	13,818,000	15,955,000	17,242,000	14,896,000	13,386,000	15,555,000	14,942,000	12,877,000														14,614,000
provision for income taxes	6,868,000	3,986,000	6,980,000	6,289,000	3,150,000	6,489,000	5,251,000	9,129,000	7,019,000	7,631,000	340,000	926,000	5,038,000	3,046,000	2,542,000	7,374,000		6,267,000	9,406,000		6,678,000	5,107,000	6,668,000	5,567,000	2,372,000	6,277,000	6,069,000	5,183,000	3,706,000	3,371,500	4,960,000	4,923,000				7,960,000	4,614,000	5,138,750	8,664,000																																		5,646,000			2,476,000
net income	20,522,000	17,310,000	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	13,692,000	11,937,000	10,177,000	12,673,000	13,437,000	10,583,000	9,687,000	10,750,000	11,545,000	9,174,000	7,900,000	8,763,000	11,553,000	9,998,000	9,716,000	7,756,000	11,131,000	10,331,000	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		8,682,000	2,973,000
yoy	-23.57%	-29.53%	-27.27%	-7.61%	-1.71%	10.83%	37.65%	26.09%	66.59%	149.60%	24.26%	10.41%	-8.20%	-26.49%	-6.30%	-9.43%	-2.66%	-5.78%	14.10%	48.74%	72.93%	-33.85%	-8.96%	-6.54%	-30.72%	3.66%	17.75%	7.30%	23.36%	-30.94%	21.76%	14.07%	22.01%	113.60%	1.90%	12.79%	5.06%	17.89%	16.39%	15.36%	22.62%	22.67%	-0.07%	-8.24%	-18.69%	12.98%	3.79%	-3.22%	-3.92%	-15.87%	16.27%	-0.14%	13.15%	4.26%	2.56%	15.43%	15.67%	23.54%	26.25%	24.47%	42.55%	15.64%	44.51%	39.31%	-7.85%	0.77%	-25.51%	-34.55%	-24.73%		-20.89%	165.66%
qoq	18.56%	-27.16%	0.44%	-11.88%	9.31%	-24.84%	27.60%	-6.25%	23.26%	-6.65%	16.88%	23.87%	84.68%	-53.53%	3.85%	3.00%	47.88%	-40.76%	0.38%	10.69%	43.14%	-28.26%	30.87%	28.68%	-45.24%	-1.28%	34.35%	-4.62%	-18.06%	12.14%	22.43%	9.66%	-54.13%	97.71%	14.70%	17.29%	-19.70%	-5.69%	26.97%	9.25%	-9.89%	-6.89%	25.84%	16.13%	-9.85%	-24.15%	15.55%	2.90%	25.27%	-30.32%	7.74%	2.17%	9.69%	-3.70%	-7.47%	15.77%	1.07%	-5.27%	4.14%	16.01%	7.95%	-3.19%	2.67%	32.86%	-12.43%	20.97%	-1.03%	-12.12%	-4.23%	-10.57%	-13.04%	1.06%			192.03%
net income margin %	4.69%	3.90%	5.11%	4.97%	5.51%	4.95%	6.32%	5.00%	5.52%	4.63%	4.73%	4.06%	3.39%	1.87%	4.08%	4.35%	4.32%	3.11%	5.17%	5.17%	4.85%	2.95%	4.96%	3.86%	2.96%	4.89%	5.25%	3.98%	4.49%	4.95%	5.01%	4.20%	4.10%	8.43%	4.48%	3.90%	3.43%	4.38%	4.38%	3.47%	3.42%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	NaN%	5.72%	2.76%
earnings per share:
basic	1.12	0.94	1.29	1.29	1.45	1.31	1.74	1.37	1.46	1.17	1.26	1.08	0.87	0.47	1.01	0.98	0.95	0.64	1.08	1.08	0.97	0.68	0.95	0.73	0.56	1.03	1.04	0.78	0.81	1	0.88	0.72	0.67	1.45	0.73	0.64	0.54	0.66	0.71	0.56	0.51	0.57	0.6	0.47	0.41	0.45	0.59	0.51	0.49	0.39	0.56	0.52	0.52	0.48	0.49	0.52	0.45	0.45	0.47	0.46	0.39	0.37	0.38	0.37	0.28	0.39	0.33	0.34	0.39	0.41	0.47	0.54	0.54			0.32
diluted	1.12	0.94	1.28	1.28	1.44	1.29	1.73	1.36	1.44	1.16	1.25	1.07	0.87	0.47	1.01	0.97	0.94	0.62	1.07	1.07	0.96	0.67	0.94	0.72	0.55	1.01	1.02	0.76	0.8	0.96	0.86	0.71	0.65	1.41	0.72	0.63	0.52	0.65	0.7	0.55	0.5	0.55	0.59	0.47	0.4	0.44	0.59	0.5	0.48	0.38	0.55	0.52	0.51	0.47	0.48	0.52	0.45	0.44	0.47	0.45	0.39	0.36	0.38	0.37	0.28	0.37	0.32	0.33	0.38	0.4	0.45	0.52	0.51			0.28
weighted-average shares:
basic	18,242	18,414	18,432	18,403	18,506	18,747	18,760	18,738	18,757	18,802	18,815	18,791	18,779	18,818	18,826	18,796	18,795	18,868	18,865	18,843	18,885	18,841	18,853	18,829	18,840	18,816	18,799	18,805	18,825	18,797	18,873	18,806	18,670	18,766	18,666	18,775	18,972	18,989	18,965	19,008	18,994	19,335	19,316	19,475	19,450	19,608	19,450	19,795	19,804	19,755	19,802	19,706	19,543	19,663	19,610	19,774	19,769	19,684	19,728	19,688	19,580	19,375	19,413	19,351	19,282	15,433	15,299	15,204	15,079	14,641	14,631	14,586	14,482	14,152	13,753,000	9,334
diluted	18,347	18,516	18,526	18,459	18,613	18,925	18,910	18,861	18,946	18,994	18,974	18,919	18,949	19,033	19,009	18,954	19,012	19,124	19,061	19,022	19,118	19,135	19,086	19,020	19,197	19,224	19,169	19,133	19,263	19,335	19,306	19,209	19,158	19,244	19,024	19,086	19,423	19,416	19,329	19,293	19,293	19,663	19,556	19,706	19,838	19,997	19,713	20,082	20,277	20,186	20,165	19,996	19,875	19,957	19,770	19,971	20,082	19,928	19,860	19,847	19,780	19,626	19,630	19,568	19,504	15,914	15,844	15,710	15,572	15,270	15,283	15,179	15,179	14,896	14,415,000	10,475
cash dividends declared per common share	0.14	0.14	0.14	0.14	0.14	0.14	0.14	0.14	0.14	0.14	0.14	0.14	0.14	0.14	0.14	0.14	0.14	0.14	0.14	0.14	0.14	0.14	0.14	0.14	0.14	0.14	0.14	0.14	0.14	0.14	0.14	0.14
other comprehensive loss, net of tax	-669					-152.5	-951			-559	-4,053													-164		-1,462.75	-3,281	-2,853
comprehensive income, net of tax	19,853	17,916	22,033	29,819	24,138	21,312	31,728	25,268	28,001	20,646	19,687	23,463	15,064	14,888	17,550	14,186	20,521	13,909	18,419	20,744	21,131	18,474	21,542	13,492	-511	25,637	16,349	11,758	15,601	14,288	16,103	10,300	14,026	28,641	14,250	14,037	10,549	7,700.75	13,272	8,557	8,770	6,032.5	7,645	10,673	5,812
other income		-124,000	176,000	-1,639,000	-1,052,000	1,039,000	-899,000	36,000	1,630,000	2,407,000	2,736,000	-677,000		154,000	887,000	98,000	-369,000	-212,000	81,000	-46,000	-417,000	79,000	-223,000	349,000	190,000			186,000	-412,000	-170,000	-351,000	-318,000	104,000	97,000	-311,000	226,000	109,000	234,000	732,000	-57,000	275,000	-86,000	-52,000	-1,190,000	-231,000	33,000	-335,000	-621,000	-35,000	-221,000	140,000	-9,000	78,000	54,000	-116,000	-212,000	-33,000	22,250		2,000	87,000	49,250	99,000	79,000	19,000	106,250	65,000	194,000	166,000	3,750	67,000	-2,000	-50,000		278,000	290,000
other comprehensive income, net of tax		606	-1,733	6,158	-2,713			-343	684			3,151	-1,334	6,009	-1,555	-4,211	2,659	1,830	-1,971	432	2,780	5,654	3,671		-11,123				283	-4,407	-568	-3,317	1,609	1,571	558
amortization of intangible assets						8,119,000	8,291,000	8,291,000	8,291,000	8,307,000	8,644,000	9,286,000	9,224,000	9,494,000	8,661,000	4,963,000	5,317,000	3,443,000	3,015,000	3,019,000	3,015,000	3,506,000	3,511,000	3,479,000	2,853,000	1,940,000	1,931,000	2,077,000	2,135,000	3,013,000	2,516,000	2,270,000	2,244,000	2,663,000	2,742,000	2,749,000	2,734,000	3,094,000	3,111,000	3,148,000	3,128,000	4,318,000	4,263,000	4,288,000	4,315,000	4,008,000	2,273,000	2,197,000	1,959,000	2,266,000	2,459,000	2,359,000	2,393,000	3,559,000	3,480,000	3,519,000	3,531,000	2,445,000	2,369,000	2,321,000	2,415,000	3,081,000	3,082,000	3,082,000	3,081,000	3,071,000	3,159,000	3,160,000	1,747,000	2,241,000	2,241,000
interest expense														-3,568,500	-7,474,000	-4,103,000	-2,697,000	-2,407,000	-2,550,000	-2,612,000	-2,683,000	-2,971,000	-3,488,000	-3,908,000	-3,525,000	-2,508,000	-2,824,000	-2,934,000	-2,453,000	-2,637,000	-2,240,000	-2,167,000	-1,666,000	-1,890,000	-2,175,000	-2,537,000	-1,951,000	-2,158,000	-2,407,000	-2,460,000	-2,445,000	-2,345,000	-2,674,000	-2,489,000	-2,564,000	-1,966,000	-800,000	-774,000	-714,000	-577,000	-476,000	-626,000	-768,000	-662,000	-804,000	-611,000	-1,307,000	-516,000	-539,000	-564,000	-629,000	-747,000	-776,000	-917,000	-963,000	-1,400,000	-1,471,000	-1,500,000	-735,000	-1,050,000	-785,000	-1,037,000	-1,210,000		-324,000	-1,181,000
benefit from income taxes																	6,775,000			8,984,000													3,603,000	-8,682,000	7,218,000					6,258,000	5,837,000	5,857,000	7,226,000	5,881,000	5,267,000	5,914,000	5,840,000	6,181,000	6,185,000	4,033,000	5,687,000	6,329,000	6,847,000	4,599,000	6,382,000	6,896,000	5,959,000	4,544,000	6,221,000	5,979,000	5,151,000	3,718,000	4,435,000	4,622,000	3,736,000	2,510,000	2,800,000	3,662,000	3,579,000	4,020,000	5,076,000	5,358,000
other comprehensive income
foreign currency translation adjustments, net of tax																																				2,100	372	-777	-165	-2,026	-917	-1,122.25	-3,900	1,499	-2,088
other comprehensive loss:
other comprehensive income:
gross revenue																																										212,856,750	288,951,000	288,949,000	273,527,000	276,426,000	264,796,000	263,860,000	245,052,000	229,759,000	244,055,000	241,568,000	233,921,000	231,979,000	237,864,000	239,649,000	227,641,000	213,947,000	218,691,000	213,395,000	194,742,000	192,938,000	197,711,000	199,647,000	174,438,000	125,084,500	167,071,000	175,405,000	157,862,000	133,873,250	176,281,000	184,064,000	175,148,000
foreign currency translation adjustments																																														-223.75	-1,355	807	-347	0.75	445	-197	-245	99	84	-230	-389
comprehensive income																																														7,593	10,198	10,805	9,369	7,894.25	11,576	10,134	9,867	9,318	9,657	10,116	8,548
weighted-average common shares outstanding:
basic	18,242	18,414	18,432	18,403	18,506	18,747	18,760	18,738	18,757	18,802	18,815	18,791	18,779	18,818	18,826	18,796	18,795	18,868	18,865	18,843	18,885	18,841	18,853	18,829	18,840	18,816	18,799	18,805	18,825	18,797	18,873	18,806	18,670	18,766	18,666	18,775	18,972	18,989	18,965	19,008	18,994	19,335	19,316	19,475	19,450	19,608	19,450	19,795	19,804	19,755	19,802	19,706	19,543	19,663	19,610	19,774	19,769	19,684	19,728	19,688	19,580	19,375	19,413	19,351	19,282	15,433	15,299	15,204	15,079	14,641	14,631	14,586	14,482	14,152	13,753,000	9,334
diluted	18,347	18,516	18,526	18,459	18,613	18,925	18,910	18,861	18,946	18,994	18,974	18,919	18,949	19,033	19,009	18,954	19,012	19,124	19,061	19,022	19,118	19,135	19,086	19,020	19,197	19,224	19,169	19,133	19,263	19,335	19,306	19,209	19,158	19,244	19,024	19,086	19,423	19,416	19,329	19,293	19,293	19,663	19,556	19,706	19,838	19,997	19,713	20,082	20,277	20,186	20,165	19,996	19,875	19,957	19,770	19,971	20,082	19,928	19,860	19,847	19,780	19,626	19,630	19,568	19,504	15,914	15,844	15,710	15,572	15,270	15,283	15,179	15,179	14,896	14,415,000	10,475
income before taxes																																																														8,201,750	11,828,000	11,823,000	9,156,000	6,551,750	7,916,000	8,831,000	9,461,000	9,665,250	11,944,000	13,256,000	13,461,000			5,449,000
operating expenses:
total operating expenses																																																																											28,901,000
earnings from operations																																																																											14,660,000
income tax expense																																																																											5,932,000
net income per common share:
basic																																																																											630
diluted																																																																											600

Balance Sheets:

Quarterly

Annual

Unit: USD	2026-03-31	2025-12-31	2025-09-30	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	2017-09-30	2017-06-30	2017-03-31	2016-09-30	2016-06-30	2016-03-31	2015-09-30	2015-06-30	2015-03-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	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	2006-09-30

assets
cash and cash equivalents	3,883,000	5,297,000	3,988,000	6,981,000	5,718,000	4,960,000	6,911,000	4,056,000	3,683,000	6,361,000	5,084,000	6,972,000	5,364,000	11,257,000	8,483,000	6,063,000	7,392,000	8,254,000	7,883,000	9,603,000	8,592,000	13,841,000	8,237,000	9,064,000	58,661,000	6,482,000	7,452,000	6,304,000	5,689,000	11,694,000	5,804,000	6,322,000	19,292,000	11,809,000	6,485,000	9,493,000	8,207,000	9,647,000	10,848,000	9,359,000	5,722,000																			6,498,000	5,338,000	6,766,000	2,353,000				1,536,000	2,699,000	2,018,000	2,567,000		2,074,000	1,677,000	1,274,000		1,595,000
restricted cash	49,357,000	47,984,000	46,965,000	19,907,000	18,374,000	13,857,000	724,000	712,000	916,000	3,088,000	2,770,000	4,498,000	3,572,000	1,711,000	1,993,000	2,401,000			34,419,000	26,307,000	42,231,000														1,251,000	1,254,000	1,247,000	1,327,000	1,365,000	1,374,000	1,403,000	1,389,000	1,445,000	1,548,000	2,096,000	2,097,000	1,864,000	2,042,000	2,168,000	2,013,000	2,015,000	1,822,000	1,639,000	1,215,000	1,208,000	1,551,000	1,735,000	1,876,000	3,179,000	3,164,000	3,150,000	3,136,000					2,180,000	2,644,000	2,906,000	3,645,000	3,668,000	3,631,000	3,567,000	5,135,000	3,703,000	3,661,000
accounts receivable	239,999,000
contract assets	192,231,000	186,684,000	225,946,000	236,227,000	228,314,000	188,941,000	237,742,000	222,767,000	230,412,000	201,832,000	209,267,000	200,202,000	188,093,000	169,088,000	196,811,000	190,506,000	189,147,000	137,867,000	154,804,000	150,390,000	164,155,000	143,369,000	139,860,000	150,577,000	151,558,000	142,337,000	153,055,000	141,960,000	151,805,000	126,688,000	143,161,000	130,241,000	128,522,000
prepaid expenses and other current assets	19,920,000
income tax receivable	19,055,000	18,087,000	36,952,000	8,136,000	1,073,000	6,260,000	10,541,000	4,589,000		2,337,000	11,175,000	7,629,000	8,420,000	11,616,000	11,979,000	11,979,000	8,288,000	10,825,000	4,999,000	8,717,000		1,977,000	11,687,000	15,455,000	10,280,000	7,320,000	7,621,000	12,194,000	4,222,000	6,505,000	10,275,000	12,134,000	7,008,000	5,596,000	1,598,000	5,325,000	1,362,000	2,960,000					826,000	3,528,000	7,507,000	989,000	4,482,000	2,719,000	3,660,000	4,299,000	11,231,000	1,813,000	6,485,000	484,000	1,155,000	1,503,000	2,761,000		1,628,000			63,000	4,175,000				3,530,000	1,140,000			1,933,000		1,307,000
total current assets	524,445,000	514,438,000	568,980,000	506,228,000	510,829,000	492,074,000	493,115,000	464,591,000	465,658,000	447,157,000	477,408,000	478,240,000	454,856,000	466,718,000	532,149,000	452,952,000	453,511,000	449,163,000	448,537,000	463,363,000	451,384,000	475,675,000	410,579,000	419,041,000	478,858,000	434,717,000	456,955,000	454,173,000	399,736,000	392,106,000	370,050,000	339,742,000	337,002,000	331,438,000	309,045,000	316,274,000	301,658,000	299,068,000	312,630,000	300,976,000	288,469,000	299,666,000	295,822,000	273,083,000	285,275,000	273,289,000	226,344,000	235,400,000	227,546,000	223,257,000	238,502,000	226,042,000	246,441,000	240,663,000	230,589,000	205,106,000	203,806,000	198,240,000	193,860,000	185,144,000	182,555,000	183,566,000	188,651,000				166,717,000	170,613,000	165,801,000	173,335,000	202,682,000	167,548,000	152,193,000	162,960,000	118,698,000	120,180,000
property and equipment	55,393,000	58,357,000	58,807,000	62,094,000	63,569,000	68,118,000	71,299,000	72,357,000	74,296,000	75,948,000	78,706,000	84,029,000	85,445,000	85,402,000	85,295,000	70,689,000	62,886,000		51,602,000	53,083,000	60,294,000		62,020,000	61,039,000	61,951,000		57,189,000	54,455,000	50,888,000		45,742,000	44,937,000	37,260,000																																						7,541,000			5,204,000	5,388,000
goodwill	1,251,427,000	1,252,207,000	1,252,136,000	1,253,025,000	1,251,199,000	1,248,855,000	1,221,437,000	1,219,083,000	1,219,031,000	1,219,476,000	1,219,326,000	1,236,380,000	1,213,908,000	1,212,898,000	1,190,450,000	1,043,908,000	1,045,503,000	1,046,760,000	909,226,000	910,640,000	910,359,000	909,913,000	906,999,000	905,101,000	905,177,000	719,934,000	716,699,000	719,117,000	720,360,000	715,644,000	702,585,000	693,027,000	694,338,000	686,108,000	685,922,000	685,071,000	683,998,000	684,793,000	685,389,000	687,334,000	690,576,000	693,188,000	692,454,000	461,659,000	459,471,000	464,285,000	418,839,000	421,480,000	410,482,000	410,482,000	410,583,000	409,979,000	407,862,000	406,799,000	401,134,000	327,032,000	325,835,000	325,999,000	323,467,000	323,467,000	323,467,000	323,467,000	323,467,000				198,724,000	200,061,000	200,543,000	201,948,000	159,491,000	111,716,000	116,531,000	91,661,000	83,833,000	83,572,000
other intangible assets	73,644,000	81,555,000	88,824,000	95,618,000	102,617,000	88,262,000	70,030,000	78,321,000	86,613,000	94,904,000	103,211,000	117,145,000	116,430,000	126,537,000	135,932,000	69,178,000	74,274,000	79,645,000	50,816,000	53,899,000	56,900,000	59,887,000	63,200,000	66,558,000	70,048,000	25,829,000	27,478,000	29,548,000	33,520,000	35,494,000	33,234,000	33,437,000	35,861,000	35,304,000	37,971,000	40,692,000	43,408,000	49,296,000	52,464,000	55,649,000	63,409,000	68,104,000	72,392,000	15,852,000	18,125,000	19,662,000	12,239,000	14,738,000	16,264,000	18,622,000	21,016,000	24,788,000	27,952,000	32,476,000	33,740,000	20,817,000	22,685,000	24,729,000	26,148,000	29,229,000	32,311,000	35,393,000	38,474,000				16,844,000	19,086,000	21,328,000	20,649,000	17,710,000	12,400,000	4,734,000	5,350,000	2,720,000	3,064,000
operating lease - right-of-use assets	102,844,000	106,274,000	108,602,000	111,701,000	112,954,000	115,531,000	122,543,000	124,637,000	128,356,000	132,807,000	134,172,000	146,539,000	150,511,000	149,066,000	163,438,000	164,602,000	172,133,000	177,417,000	103,923,000	111,755,000	119,250,000	127,132,000	138,582,000	139,189,000	145,344,000	133,965,000	138,156,000	132,715,000	127,587,000
other assets	45,223,000	37,340,000	36,221,000	32,091,000	29,817,000	51,910,000	49,754,000	46,788,000	43,740,000	41,480,000	42,297,000	53,089,000	51,280,000	51,637,000	50,496,000	49,473,000	49,416,000	44,496,000	41,509,000	40,049,000	32,572,000	32,249,000	26,091,000	24,596,000	22,645,000	24,535,000	23,939,000	23,762,000	22,530,000	21,221,000	23,147,000	22,129,000	21,287,000	18,087,000	17,431,000	16,874,000	14,883,000	14,586,000	13,428,000	12,566,000	13,121,000	13,470,000	13,298,000	12,419,000	12,462,000	11,592,000	11,414,000	10,887,000	9,601,000	9,608,000	8,745,000	9,097,000	8,937,000	8,895,000	6,877,000	6,846,000	7,520,000	7,676,000	7,278,000	7,571,000	6,874,000	6,918,000	6,912,000				3,281,000	3,078,000	3,042,000	2,917,000	1,933,000	1,647,000	1,724,000	1,608,000	1,485,000	1,361,000
total assets	2,052,976,000	2,050,171,000	2,113,570,000	2,073,991,000	2,075,098,000	2,066,353,000	2,028,178,000	2,005,777,000	2,017,694,000	2,011,772,000	2,055,120,000	2,115,422,000	2,072,430,000	2,092,258,000	2,157,760,000	1,850,802,000	1,857,723,000	1,849,534,000	1,605,613,000	1,632,789,000	1,630,759,000	1,667,290,000	1,607,471,000	1,615,524,000	1,684,023,000	1,397,217,000	1,420,416,000	1,413,770,000	1,354,621,000	1,213,862,000	1,176,044,000	1,134,551,000	1,127,021,000	1,110,255,000	1,087,647,000	1,098,046,000	1,083,913,000	1,092,066,000	1,109,345,000	1,102,165,000	1,102,056,000	1,119,109,000	1,115,934,000	793,481,000	807,907,000	802,187,000	700,914,000	712,279,000	693,988,000	692,498,000	709,721,000	699,606,000	720,822,000	719,349,000	694,615,000	578,195,000	578,828,000	576,306,000	572,819,000	567,735,000	568,363,000	573,909,000	582,227,000				401,017,000	409,822,000	404,116,000	411,468,000	393,025,000	303,241,000	284,233,000	271,918,000	215,827,000	216,754,000
liabilities and stockholders’ equity
accounts payable	93,252,000	123,524,000	139,235,000	123,835,000	122,089,000	159,522,000	121,093,000	110,704,000	119,285,000	134,503,000	123,414,000	113,273,000	109,854,000	135,778,000	128,528,000	99,365,000	95,706,000	105,652,000	96,644,000	94,939,000	90,894,000	91,365,000	77,124,000	76,785,000	92,818,000	134,578,000	97,359,000	95,068,000	87,039,000	102,599,000	69,168,000	63,705,000	68,601,000	75,074,000	62,604,000	60,734,000	54,129,000	57,429,000	57,733,000	49,644,000	58,115,000	61,513,000	54,706,000	44,729,000	48,340,000	49,392,000	45,544,000	42,104,000	37,541,000	43,806,000	44,665,000	42,520,000	39,064,000	40,628,000	38,685,000	32,490,000	33,255,000	24,216,000	29,866,000	22,166,000	23,618,000	22,907,000	27,075,000				27,740,000	23,510,000	28,584,000	41,708,000	74,260,000	37,687,000	34,220,000	30,175,000	19,455,000	15,035,000
contract liabilities	44,635,000	43,444,000	34,680,000	23,913,000	27,407,000	24,580,000	17,176,000	20,102,000	22,099,000	21,997,000	16,989,000	19,647,000	25,771,000	25,773,000	24,599,000	24,612,000	31,491,000	39,665,000	38,108,000	35,700,000	43,589,000	42,050,000	36,473,000	30,135,000	29,318,000	37,413,000	32,086,000	33,435,000	35,936,000	33,494,000	26,489,000	25,886,000	32,281,000
lease liabilities - current	19,652,000
accrued salaries and benefits	65,694,000	95,578,000	84,262,000	90,194,000	75,533,000	105,773,000	91,103,000	93,834,000	70,176,000	88,021,000	77,123,000	86,777,000	61,428,000	85,991,000	74,766,000	86,583,000	94,931,000	85,517,000	89,790,000	82,297,000	85,134,000	80,512,000	82,842,000	57,872,000	57,615,000	52,130,000	67,163,000	47,636,000	50,014,000	44,103,000	58,802,000	44,125,000	46,542,000	45,645,000	54,807,000	40,793,000	50,087,000	61,973,000	61,401,000	48,362,000	46,113,000	46,049,000	39,999,000	44,017,000	45,695,000	34,253,000	45,994,000	39,176,000	41,423,000	36,924,000	42,264,000	46,446,000	47,431,000	41,301,000	46,215,000	44,235,000	42,911,000		40,750,000	44,681,000	34,271,000	34,890,000	32,072,000				27,405,000	32,115,000	25,387,000	19,712,000	27,801,000	28,661,000	24,742,000	17,607,000	17,727,000	21,448,000
accrued subcontractors and other direct costs	45,673,000	48,900,000	50,791,000	48,383,000	51,876,000	49,271,000	55,600,000	52,661,000	48,707,000	45,645,000	42,049,000	43,623,000	43,109,000	45,478,000	46,610,000	44,946,000	40,165,000	39,400,000	41,782,000	41,610,000	45,110,000	78,842,000	38,111,000	36,112,000	34,906,000	45,619,000	40,507,000	41,275,000	49,955,000	58,791,000	40,347,000	30,228,000	34,711,000
accrued expenses and other current liabilities	86,100,000	71,340,000	73,182,000	83,809,000	82,195,000	86,701,000	85,274,000	78,624,000	82,966,000	79,129,000	64,681,000	65,372,000	67,089,000	78,036,000	52,249,000	45,102,000	41,388,000	61,496,000	70,435,000	67,252,000	77,318,000	100,908,000	27,616,000	25,365,000	31,893,000	35,742,000	34,032,000	27,311,000	27,902,000	39,072,000	29,418,000	24,891,000	25,069,000	65,080,000	44,377,000	44,540,000	45,925,000	47,536,000	42,552,000	39,192,000	44,867,000	40,823,000	38,047,000
total current liabilities	355,006,000	404,277,000	403,375,000	393,499,000	381,527,000	449,180,000	407,790,000	392,043,000	392,667,000	418,226,000	369,177,000	369,156,000	351,775,000	415,992,000	371,990,000	341,875,000	344,211,000	376,631,000	382,177,000	366,926,000	383,328,000	427,027,000	305,747,000	269,297,000	289,883,000	337,982,000	302,082,000	273,963,000	281,170,000	278,059,000	224,224,000	188,835,000	207,204,000	224,370,000	196,273,000	173,180,000	177,421,000	197,410,000	194,561,000	173,199,000	196,110,000	189,731,000	177,018,000	153,817,000	158,493,000	154,301,000	150,220,000	139,945,000	134,927,000	134,787,000	146,831,000	140,078,000	137,514,000	135,068,000	134,332,000	124,307,000	121,534,000	115,211,000	116,172,000	105,981,000	92,729,000	93,667,000	100,287,000				102,792,000	110,114,000	106,757,000	123,682,000	165,212,000	140,767,000	133,419,000	122,933,000	96,347,000	99,824,000
debt	439,184,000	401,355,000
lease liabilities - non-current	143,466,000
deferred income taxes	15,375,000	6,837,000	22,795,000				5,982,000	16,421,000	21,975,000	26,175,000	40,148,000	62,820,000	69,343,000	68,038,000	46,449,000	47,643,000	47,684,000	41,913,000	39,202,000	37,790,000	36,966,000	34,330,000	43,202,000	38,118,000	39,494,000	37,621,000	40,281,000	42,079,000	43,344,000	40,165,000	37,330,000	34,831,000	36,386,000	33,351,000	47,160,000	44,439,000	43,843,000	37,287,000	34,823,000	35,260,000	6,984,000	7,685,000	7,594,000	4,155,000	6,000,000	6,617,000	6,144,000	5,237,000	4,728,000	3,561,000		4,478,000	5,588,000	5,206,000	7,963,000	5,752,000	4,564,000	3,713,000	4,973,000	1,212,000	3,885,000	3,746,000	1,337,000				4,186,000	5,613,000	5,826,000	4,972,000		3,679,000	846,000			4,871,000
other long-term liabilities	68,036,000	60,727,000	60,556,000	59,229,000	59,938,000	55,775,000	59,845,000	53,673,000	54,353,000	56,045,000	52,783,000	28,486,000	27,805,000	23,566,000	19,634,000	20,822,000	22,893,000	24,110,000	36,418,000	38,135,000	38,230,000	40,144,000	45,357,000	40,157,000	27,921,000		22,687,000	25,607,000
total liabilities	1,021,067,000	1,021,689,000	1,089,449,000	1,073,599,000	1,106,230,000	1,083,894,000	1,051,861,000	1,062,452,000	1,101,545,000	1,094,187,000	1,161,790,000	1,242,577,000	1,225,741,000	1,239,047,000	1,320,021,000	1,031,385,000	1,054,421,000	1,046,064,000	815,061,000	861,278,000	879,526,000	920,329,000	880,560,000	910,421,000	993,267,000	682,666,000	734,914,000	747,133,000	692,050,000	553,445,000	525,371,000	499,180,000	504,520,000	494,225,000	502,861,000	524,916,000	521,660,000	541,617,000	573,037,000	573,937,000	584,678,000	605,264,000	608,947,000	304,809,000	326,066,000	315,006,000	226,823,000	245,153,000	242,852,000	253,292,000	280,971,000	283,083,000	311,846,000	316,282,000	301,587,000	194,614,000	206,070,000	214,221,000	220,086,000	223,346,000	234,177,000	249,135,000	264,667,000				198,100,000	215,288,000	218,157,000	236,133,000	228,234,000	149,789,000	144,212,000	147,304,000	101,880,000	120,865,000
commitments and contingencies
stockholders’ equity:
preferred stock, par value .001; 5,000,000 shares authorized; none issued
common stock	24,000		24,000	24,000	24,000		24,000	24,000	24,000		24,000	24,000	24,000		23,000	23,000	23,000		23,000	23,000	23,000		23,000	23,000	23,000		23,000	23,000	23,000		22,000	22,000	22,000					22,000	22,000	21,000	21,000	21,000	21,000	21,000	21,000																											15,000	14,000
additional paid-in capital	470,476,000	465,779,000	458,902,000	454,425,000	447,649,000	443,463,000	436,671,000	432,402,000	425,160,000	421,502,000	414,633,000	411,187,000	405,818,000	401,957,000	396,962,000	393,224,000	388,639,000	384,984,000	380,215,000	376,622,000	372,420,000	369,058,000	357,328,000	354,200,000	350,658,000	346,795,000	340,626,000	335,345,000	330,763,000	326,208,000	322,600,000	317,013,000	311,941,000	307,821,000	305,394,000	300,394,000	297,077,000	289,828,000	286,350,000	282,838,000	277,300,000	274,748,000	271,313,000	263,740,000	262,291,000	258,223,000	250,698,000	246,680,000	242,207,000	239,530,000	237,262,000	234,752,000	232,159,000	229,885,000	227,577,000	227,031,000	225,058,000	223,140,000	220,891,000	219,087,000	216,407,000	213,738,000	211,412,000				120,550,000	117,876,000	115,363,000	112,558,000	109,795,000	108,136,000	105,716,000	101,816,000	98,995,000	90,224,000
retained earnings	974,042,000	956,077,000	941,319,000	920,135,000	899,051,000	874,772,000	852,835,000	822,784,000	799,796,000	775,099,000	755,572,000	734,468,000	716,795,000	703,030,000	696,792,000	680,323,000	664,532,000	649,298,000	639,862,000	622,113,000	604,441,000	588,731,000	578,554,000	563,322,000	552,303,000	544,840,000	528,103,000	511,095,000	499,126,000	486,442,000	470,386,000	456,358,000	445,375,000	434,766,000	407,696,000	394,004,000	382,067,000	359,217,000	345,780,000	334,993,000	314,556,000	303,011,000	293,837,000	277,174,000	265,621,000	255,623,000	245,907,000	238,151,000	227,020,000	216,689,000	206,577,000	197,358,000	187,785,000	177,439,000	168,502,000	159,660,000	150,326,000	141,363,000	133,637,000	126,480,000	119,087,000	111,886,000	106,466,000				84,110,000	77,968,000	71,100,000	63,202,000	55,387,000	45,767,000	34,673,000	23,513,000	15,701,000	6,495,000
treasury stock	-398,536,000	-379,970,000	-362,090,000	-361,891,000	-359,397,000	-320,054,000	-300,718,000	-300,341,000	-297,630,000	-267,155,000	-266,530,000	-266,518,000	-266,481,000	-243,666,000	-241,896,000	-241,566,000	-241,516,000	-219,800,000	-216,683,000	-216,353,000	-214,325,000	-196,745,000	-189,234,000	-189,011,000	-188,961,000	-164,963,000	-164,848,000	-164,705,000	-155,073,000	-139,704,000	-134,191,000	-130,446,000	-130,578,000	-121,540,000	-121,716,000	-114,122,000	-107,645,000	-88,019,000	-85,410,000	-81,216,000	-67,529,000	-60,865,000	-53,615,000	-50,378,000	-45,562,000	-25,349,000	-21,545,000	-16,488,000	-16,428,000	-15,547,000	-13,868,000	-14,267,000	-9,564,000	-3,083,000	-2,266,000	-2,595,000	-2,322,000	-2,070,000	-1,291,000	-628,000	-584,000	-450,000					-1,474,000	-1,438,000	-1,003,000	-760,000	-746,000	-843,000	-428,000	-428,000	-428,000	-428,000
accumulated other comprehensive loss	-14,097,000	-13,428,000	-14,034,000	-12,301,000	-18,459,000	-15,746,000	-12,495,000	-11,544,000	-11,201,000	-11,885,000	-10,369,000	-6,316,000	-9,467,000	-8,133,000	-14,142,000	-12,587,000	-8,376,000	-11,035,000	-12,865,000	-10,894,000	-11,326,000	-14,106,000	-19,760,000	-23,431,000	-23,267,000	-12,144,000	-18,402,000	-15,121,000	-12,268,000	-12,551,000	-8,144,000	-7,576,000	-4,259,000	-5,039,000	-6,610,000	-7,168,000	-9,268,000	-10,599,000	-10,434,000	-8,408,000	-6,970,000	-3,070,000	-4,569,000	-1,885,000	-530,000	-1,337,000	-990,000	-1,238,000	-1,683,000	-1,486,000	-1,241,000	-1,340,000	-1,424,000	-1,194,000	-805,000	-535,000	-324,000	-368,000	-524,000	-569,000	-743,000	-419,000
total stockholders’ equity	1,031,909,000	1,028,482,000	1,024,121,000	1,000,392,000	968,868,000	982,459,000	976,317,000	943,325,000	916,149,000	917,585,000	893,330,000	872,845,000	846,689,000	853,211,000	837,739,000	819,417,000	803,302,000	803,470,000	790,552,000	771,511,000	751,233,000	746,961,000	726,911,000	705,103,000	690,756,000	714,551,000	685,502,000	666,637,000	662,571,000	660,417,000	650,673,000	635,371,000	622,501,000	616,030,000	584,786,000	573,130,000	562,253,000	550,449,000	536,308,000	528,228,000	517,378,000	513,845,000	506,987,000	488,672,000	481,841,000	487,181,000	474,091,000	467,126,000	451,136,000	439,206,000	428,750,000	416,523,000	408,976,000	403,067,000	393,028,000	383,581,000	372,758,000	362,085,000	352,733,000	344,389,000	334,186,000	324,774,000	317,560,000				202,917,000	194,534,000	185,959,000	175,335,000	164,791,000	153,452,000	140,021,000	124,614,000	113,947,000	95,889,000
total liabilities and stockholders’ equity	2,052,976,000	2,050,171,000	2,113,570,000	2,073,991,000	2,075,098,000	2,066,353,000	2,028,178,000	2,005,777,000	2,017,694,000	2,011,772,000	2,055,120,000	2,115,422,000	2,072,430,000	2,092,258,000	2,157,760,000	1,850,802,000	1,857,723,000	1,849,534,000	1,605,613,000	1,632,789,000	1,630,759,000	1,667,290,000	1,607,471,000	1,615,524,000	1,684,023,000	1,397,217,000	1,420,416,000	1,413,770,000	1,354,621,000	1,213,862,000	1,176,044,000	1,134,551,000	1,127,021,000	1,110,255,000	1,087,647,000	1,098,046,000	1,083,913,000	1,092,066,000	1,109,345,000	1,102,165,000	1,102,056,000	1,119,109,000	1,115,934,000	793,481,000	807,907,000	802,187,000	700,914,000	712,279,000	693,988,000	692,498,000	709,721,000	699,606,000	720,822,000	719,349,000	694,615,000	578,195,000	578,828,000	576,306,000	572,819,000	567,735,000	568,363,000	573,909,000	582,227,000				401,017,000	409,822,000	404,116,000	411,468,000	393,025,000	303,241,000	284,233,000	271,918,000	215,827,000	216,754,000
current assets:
contract receivables		237,996,000	233,014,000	212,829,000	236,161,000	256,923,000	212,412,000	209,351,000	202,246,000	205,484,000	214,818,000	226,360,000	221,066,000	232,337,000	282,271,000	218,807,000	205,827,000	237,684,000	215,323,000	242,562,000	214,291,000	222,850,000	230,277,000	224,379,000	238,474,000	261,176,000	269,368,000	276,982,000	222,472,000	230,966,000	194,202,000	174,652,000	167,170,000	291,515,000	288,060,000	288,178,000	278,795,000	273,298,000	282,673,000	276,413,000	271,671,000	283,206,000	276,399,000	248,154,000	253,376,000	242,915,000	205,062,000	216,439,000	207,440,000	207,840,000	204,938,000	205,636,000	219,756,000	223,251,000	209,426,000	187,168,000	184,409,000	180,816,000	176,963,000	169,405,000	164,541,000	166,855,000	174,120,000			184,337,000	150,778,000	156,199,000	153,900,000	161,178,000	190,159,000	157,189,000	144,256,000	155,354,000	110,548,000	70,823,000
prepaid expenses and other assets		18,390,000	22,115,000	22,148,000	21,189,000	21,133,000	24,785,000	23,116,000	28,401,000	28,055,000	34,294,000	32,579,000	28,341,000	40,709,000	30,612,000	23,196,000	41,176,000	42,354,000	31,109,000	25,784,000	22,115,000	25,492,000	20,518,000	19,566,000	19,885,000		19,459,000	16,733,000	15,548,000		16,608,000	16,393,000	15,010,000
other assets:
deferred tax assets				13,234,000	4,113,000	1,603,000
current liabilities:
operating lease liabilities		18,787,000	18,544,000	20,708,000	19,792,000	20,721,000	21,204,000	21,176,000	20,889,000	20,409,000	19,230,000	17,544,000
finance lease liabilities		2,704,000	2,681,000	2,657,000	2,635,000	2,612,000	2,590,000	2,567,000	2,545,000	2,522,000	2,441,000	2,420,000
long-term liabilities:
operating lease liabilities - non-current		139,935,000	144,077,000	148,631,000	152,128,000	155,935,000	160,926,000	166,178,000	170,575,000	175,460,000	174,718,000	185,924,000	189,331,000	182,251,000	187,481,000	185,970,000	189,857,000	191,805,000	87,532,000	96,746,000	106,551,000	115,614,000	123,974,000	121,921,000	128,990,000	119,250,000	124,864,000	116,940,000	112,676,000
finance lease liabilities - non-current		8,558,000	9,242,000	9,921,000	10,593,000	11,261,000	11,922,000	12,577,000	13,227,000	13,874,000	14,277,000	14,894,000	15,508,000	16,116,000	13,270,000
preferred stock, par value .001 per share; 5,000,000 shares authorized; none issued
common stock, .001 par value...		24,000				24,000				24,000				23,000				23,000				23,000				23,000				22,000				22,000	22,000	22,000	22,000									21,000	21,000	21,000	20,000	20,000	20,000	20,000	20,000	20,000	20,000	20,000	20,000	20,000	20,000	19,000	19,000	19,000	19,000				15,000	15,000	15,000	15,000	15,000			14,000	14,000
long-term debt			449,404,000	462,319,000	502,044,000	411,743,000	405,396,000	421,560,000	448,748,000	404,407,000	510,687,000	581,297,000	571,979,000	533,084,000	681,197,000	435,075,000	449,776,000	411,605,000	269,732,000	321,681,000	314,451,000	303,214,000	362,280,000	440,928,000	506,979,000	165,444,000	245,000,000	288,544,000	232,318,000	200,424,000	232,504,000	243,645,000	231,490,000	206,250,000	230,080,000	278,000,000	275,843,000	281,194,000	317,904,000	337,930,000	332,155,000	360,000,000	377,299,000	115,216,000	132,808,000	127,208,000	40,000,000	64,064,000	75,000,000	86,711,000	105,000,000	115,000,000	143,530,000	152,146,000	145,000,000	50,000,000	63,414,000	80,000,000	85,000,000	100,000,000	120,000,000	135,000,000	145,000,000				80,000,000	89,692,000	92,896,000	92,903,000	47,079,000		5,000,000	18,927,000
current portion of long-term debt							13,750,000	12,375,000	26,000,000	26,000,000	23,250,000	20,500,000	26,000,000	23,250,000	20,500,000	15,000,000	10,000,000	10,000,000	10,000,000	10,000,000	10,000,000	10,000,000	10,000,000	10,000,000	10,000,000
liabilities and stockholders' equity
operating lease liabilities - current													16,124,000	19,305,000	22,959,000	26,267,000	30,530,000	34,901,000	35,418,000	35,128,000	28,881,000	23,350,000	33,581,000	33,028,000	33,333,000	32,500,000	30,935,000	29,238,000	30,324,000
finance lease liabilities - current													2,400,000	2,381,000	1,779,000
restricted cash - current																	1,681,000	12,179,000				68,146,000												11,191,000
total property and equipment																		52,053,000				62,434,000				58,237,000				48,105,000				38,052,000	36,027,000	37,881,000	38,719,000										30,214,000	27,732,000	27,927,000	28,516,000	28,860,000	27,878,000	27,991,000	29,301,000	21,067,000	16,843,000	17,247,000	17,786,000	18,887,000	19,160,000	20,006,000	21,429,000	22,600,000				13,373,000	14,340,000	10,496,000	8,974,000		6,299,000	5,484,000			4,916,000
income taxes payable																					2,402,000																																																41,000	6,574,000		1,624,000				1,974,000
contingencies
prepaid expenses and other																										17,402,000				16,253,000				11,327,000	12,902,000	13,278,000	13,294,000	13,163,000	19,109,000	15,204,000	11,076,000	9,011,000	11,572,000	13,892,000	16,366,000	9,181,000	7,847,000	10,236,000	10,960,000	6,653,000	7,608,000	8,053,000	9,355,000	6,009,000	7,948,000	8,673,000	9,395,000	7,423,000	6,995,000	8,029,000	8,791,000	6,136,000	6,666,000				4,507,000	4,962,000	4,057,000	4,618,000		4,606,000	4,107,000	3,062,000		2,052,000
restricted cash - non-current																														1,292,000	1,286,000	1,279,000	1,273,000	1,266,000
deferred rent																														13,938,000	14,335,000	14,214,000	13,955,000	15,119,000	14,970,000	14,983,000	15,035,000	15,716,000	15,691,000	15,755,000	15,732,000	15,601,000	21,116,000	14,805,000	14,455,000	13,824,000	12,912,000	12,286,000	11,772,000	11,201,000	10,599,000	9,811,000	9,437,000	7,706,000	7,223,000	6,828,000	6,312,000	5,944,000	5,142,000	5,753,000	5,300,000	3,450,000	2,914,000				2,361,000	2,300,000	2,128,000	1,980,000	1,773,000	1,644,000	1,682,000	1,605,000	1,599,000	1,617,000
other																										22,369,000			22,542,000	20,859,000	16,978,000	17,655,000	15,485,000	15,135,000	14,378,000	14,314,000	9,518,000	10,010,000	10,058,000	11,793,000	16,924,000	16,104,000	9,025,000	9,027,000	9,591,000	9,003,000	12,911,000	18,744,000	9,251,000	9,703,000	9,460,000	9,566,000	10,930,000	11,247,000	5,785,000	5,100,000	5,250,000	4,218,000	3,704,000	3,771,000	4,164,000	4,175,000	4,810,000				2,098,000	1,733,000	4,284,000	5,058,000						3,177,000
deferred revenue																																		38,571,000	34,485,000	27,113,000	27,280,000	30,472,000	32,570,000	29,742,000	34,543,000	31,517,000	36,672,000	20,471,000	20,749,000	23,536,000	20,282,000	19,069,000	21,097,000	22,471,000	22,333,000	18,843,000	22,956,000	24,241,000	20,180,000	20,887,000	20,596,000	20,931,000	20,034,000	16,496,000	14,069,000	16,421,000	19,370,000				12,352,000	12,299,000	13,532,000	13,698,000	16,067,000	14,584,000	11,483,000	15,556,000	18,281,000	14,448,000
income tax payable																																							305,000	6,259,000	5,488,000	2,144,000																2,615,000																6,115,000	3,682,000
current assets
current liabilities
stockholders’ equity
revenue																																				306,392,000	296,295,000																											535,778,000	368,707,000
direct costs																																				190,896,000	183,607,000
operating costs and expenses:
indirect and selling expenses																																				86,240,000	88,802,000
depreciation and amortization																																				4,299,000	4,519,000
amortization of intangible assets																																				2,749,000	2,734,000
total operating costs and expenses																																				93,288,000	96,055,000
operating income																																				22,208,000	16,633,000																											32,452,000	23,840,000
interest expense																																				-2,537,000	-1,951,000
other income																																				226,000	109,000
income before income taxes																																				19,897,000	14,791,000
benefit from income taxes																																				7,960,000	4,614,000
net income																																				11,937,000	10,177,000																											17,764,000	12,971,000
earnings per share:
basic																																				640	540
diluted																																				630	520
weighted-average shares:
other comprehensive income
foreign currency translation adjustments, net of tax																																				2,100,000	372,000
comprehensive income, net of tax																																				14,037,000	10,549,000
total property and equipment, net of accumulated depreciation of 82,855 and 71,203 as of september 30, 2016 and december 31, 2015, respectively																																						42,996,000
total property and equipment, net of accumulated depreciation of 78,857 and 71,203 as of june 30, 2016 and december 31, 2015, respectively																																							44,069,000
total property and equipment, net of accumulated depreciation of 75,366 and 71,203 as of march 31, 2016 and december 31, 2015, respectively																																								44,266,000
total property and equipment, net of accumulated depreciation of 75,932 and 58,357 as of september 30, 2015 and december 31, 2014, respectively																																									45,078,000
cash																																										7,449,000	7,025,000	7,509,000	8,026,000	20,204,000	8,953,000	6,006,000	5,486,000	4,465,000	14,725,000	6,062,000	5,257,000	5,713,000	4,097,000	2,010,000	2,677,000	6,288,000	3,301,000												2,733,000				2,997,000
total property and equipment, net of accumulated depreciation of 65,460 and 58,357 as of june 30, 2015 and december 31, 2014, respectively																																										43,292,000
total property and equipment, net of accumulated depreciation of 61,983 and 58,357, as of march 31, 2015 and december 31, 2014, respectively																																											40,523,000
total property and equipment, net of accumulated depreciation of 54,774 and 49,229, as of september 30, 2014 and december 31, 2013, respectively																																												28,920,000
accrued expenses																																												40,445,000	37,709,000	40,503,000	32,256,000	34,359,000	30,138,000	28,025,000	31,779,000	32,269,000	28,063,000	28,898,000	29,252,000	26,695,000	24,772,000	22,569,000	25,522,000	22,638,000	20,771,000	19,449,000	21,770,000				35,295,000	42,190,000	39,213,000	41,990,000	47,084,000	58,211,000	62,974,000	53,480,000	37,202,000	34,819,000
total property and equipment, net of accumulated depreciation of 54,105 and 49,229, as of june 30, 2014 and december 31, 2013, respectively																																													30,478,000
total property and equipment, net of accumulated depreciation of 51,784 and 49,229 as of march 31, 2014, and december 31, 2013, respectively																																														31,262,000
accrued salaries and expenses																																																										44,880,000
stockholder notes receivable																																																																			-12,000	-12,000	-12,000	-21,000	-21,000	-47,000	-266,000	-540,000	-562,000	-578,000
accumulated other comprehensive income																																																															-337,000				-272,000	125,000	496,000	341,000	361,000	424,000	312,000	239,000	227,000	163,000
basic earnings per share																																																																1,170	860
diluted earnings per share																																																																1,130	830
billed																																																																		151,784,000
unbilled																																																																		35,794,000
allowance for doubtful accounts																																																																		-3,241,000
prepaid expenses																																																																							3,955,000				2,659,000
deferred income tax																																																																							3,902,000			3,270,000	2,494,000
other liabilities																																																																							5,061,000	2,112,000	2,223,000	2,599,000	2,610,000
due from underwriters																																																																												40,839,000
current portion of long term debt																																																																												12,100,000
long term debt, net of current portion																																																																												13,567,000
common stock, par value 0.001 per share...																																																																												13,000

Cashflow Statements:

Quarterly

Annual

Unit: USD	2026-03-31	2025-12-31	2025-09-30	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	2017-09-30	2017-06-30	2017-03-31	2016-09-30	2016-06-30	2016-03-31	2015-09-30	2015-06-30	2015-03-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	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	20,522,000	17,310,000	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	13,692,000	11,937,000	10,177,000	13,437,000	10,787,000	9,687,000	11,545,000	9,174,000	7,900,000	11,553,000	9,998,000	9,716,000	7,756,000	11,131,000	10,331,000	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:
provision for credit losses	541,000	-124,000	200,000	-413,000	-92,000	-1,503,000	1,624,000	205,000	1,347,000	473,000				157,000
deferred income taxes and unrecognized income tax benefits	8,166,000	-15,108,000	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	4,697,000	4,771,000	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	2,797,000	2,743,000	2,618,000	2,632,000	2,401,000	2,641,000	2,765,000	2,821,000	2,880,000	2,027,000	2,902,000	3,929,000		2,282,000	2,282,000	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	13,180,000	14,482,000	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	7,354,000	7,048,000	7,253,000	7,241,000	7,232,000	7,147,000	8,579,000	8,182,000	8,163,000	5,500,000	5,387,000	5,035,000	5,152,000	5,230,000	5,141,000	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
other operating adjustments	839,000	-1,512,000	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	-5,093,000	48,045,000	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
accounts receivable	-2,846,000
prepaid expenses and other current assets	-1,174,000
operating lease assets and liabilities	-2,711,000	-1,592,000	-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	-30,122,000	-15,728,000	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	1,131,000	6,630,000	-16,583,000	-240,000	8,294,000	-12,441,000	-3,637,000	7,069,000	-10,336,000	509,000	-1,221,000	616,000		4,489,000	-5,596,000	-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	-29,754,000	11,300,000	-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	18,170,000	-9,433,000	6,058,000	585,000	13,182,000	5,154,000	160,000	5,915,000	-16,333,000	-1,491,000	11,493,000	-12,956,000		-2,278,000	4,499,000	-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	-2,895,000	-1,927,000	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	15,809,000	-3,215,000	-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	-1,120,000	-1,572,000	-7,304,000	4,606,000	3,021,000	-3,848,000
income tax receivable and payable	-984,000	18,872,000	-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	3,731,000	-3,966,000	-1,475,000	-3,256,000	-5,956,000	3,645,000	3,363,000	2,964,000	4,906,000	4,201,000	-7,244,000	3,271,000		941,000	639,000	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	8,683,000	-564,000	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	-2,492,000	5,611,000	696,000	965,000	-729,000	-622,000	739,000	747,000	615,000	-15,000	587,000	-1,419,000		1,465,000	-454,000	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	-3,142,000	75,626,000	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	53,042,000	10,537,000	6,705,000	42,081,000	29,318,000	-13,581,000	37,912,000	28,331,000	-23,342,000	27,376,000	4,189,000	-12,029,000		16,528,000	16,991,000	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	-2,830,000	-6,914,000	-5,543,000	-5,750,000	-3,452,000	-5,871,000	-5,167,000	-5,166,000	-5,226,000
net cash from investing activities	-2,830,000	-7,169,000	-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	-2,393,000	-3,512,000	-2,662,000	-2,798,000	-3,672,000	-4,184,000	-5,046,000	-3,839,000	-5,127,000	-4,298,000	-2,447,000	-63,374,000		-7,648,000	-3,576,000	-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	307,122,000	299,365,000	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	111,900,000	221,796,000	127,179,000	101,732,000	135,936,000	123,279,000	88,373,000	88,812,000	122,965,000	99,035,000	102,385,000	168,516,000		32,473,000	38,560,000	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	-269,569,000	-347,689,000	-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	-159,820,000	-219,639,000	-110,725,000	-138,442,000	-155,962,000	-96,881,000	-116,218,000	-106,111,000	-95,718,000	-116,627,000	-96,785,000	-81,308,000		-43,409,000	-50,271,000	-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	8,961,000	9,408,000	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	-9,808,000	-8,148,000	-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
dividends paid	-2,553,000	-2,581,000	-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
payments for share repurchases	-18,348,000
other financing	-668,000	-662,000	-653,000	-651,000	-646,000	-638,000	-632,000	-629,000	-516,000
net cash from financing activities	15,137,000	-66,081,000	-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	-54,530,000	-6,057,000	-1,919,000	-39,487,000	-24,113,000	18,928,000	-34,703,000	-23,952,000	24,852,000	-23,087,000	-14,201,000	87,001,000		-8,805,000	-12,197,000	-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	-232,000	22,000	-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	8,933,000	2,398,000	27,038,000	2,796,000	5,275,000
cash, cash equivalents, and restricted cash, beginning of period	56,324,000	0	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	65,257,000	2,398,000	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	5,926,000	9,233,000	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	2,119,000	1,935,000	1,988,000	2,281,000	2,319,000	1,485,000	1,789,000	3,118,000	2,822,000	816,000	743,000	550,000		472,000	655,000	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, net of refunds	82,000
gain on divestiture of a business						0	-294,000	0	-1,715,000	-3,288,000
changes in operating assets and liabilities, net of the effect of acquisitions:
contract receivables		-4,798,000	-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	327,000	-7,297,000	3,094,000	8,872,000	-7,698,000	-19,460,000	10,243,000	-3,199,000	-20,757,000	3,832,000	-4,879,000	-24,246,000		-7,848,000	401,000	-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		5,414,000	-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	143,000	-808,000	-2,170,000	5,775,000	-4,838,000	-5,812,000	-2,716,000	2,507,000	-1,821,000	2,387,000	-7,534,000	-1,231,000		-585,000	-4,650,000	-102,000	603,000	1,009,000	-3,452,000	1,678,000	702,000	1,242,000	-2,015,000	-972,000
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 divestiture of a business						0	270,000	0	1,715,000	4,177,000
other investing		-255,000	0
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
net payments for stockholder issuances and share repurchases
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
net payments for stock issuances and share repurchases			-199,000	29,000	-39,342,000		-377,000	-263,000	-30,355,000
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	2,103,000	11,686,000	1,296,000	3,078,000	11,472,000	587,000	3,752,000	7,477,000	1,786,000	3,605,000	13,084,000	582,000		5,981,000	3,663,000	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
proceeds from working capital adjustments related to prior business acquisition														0	0
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
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	-312,000
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								5,944,000	3,486,000	616,000	1,152,000	-519,000	460,000	-1,196,000	-1,102,000	493,000	-1,103,000
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	-2,392,000	-3,512,000	-2,571,000	-2,798,000	-3,672,000	-4,184,000	-5,046,000	-3,839,000	-3,309,000	-2,479,000	-2,445,000	-5,658,000
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	2,291,000	336,000	2,095,000	946,000			77,000	50,000	445,000	37,000	355,000	1,177,000		1,900,000	420,000	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	-7,681,000	-6,239,000	-19,014,000	-2,713,000	-4,031,000	-6,664,000	-6,979,000	-7,094,000	-3,666,000	-4,881,000	-20,135,000	-3,819,000		-81,000	-735,000	-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
provision for (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																			-1,278,000	2,179,000	-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	-1,118,000	-822,000	-1,454,000	-1,010,000	-1,010,000	-1,010,000
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	-102,000									-101,000							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) provision for credit losses
(recovery of) benefit from credit losses																	-170,000
benefit from credit losses																				2,448,000	5,334,000
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	-1,000	0	-91,000				0	0	-1,818,000	-1,819,000	-2,000	-57,716,000					775,000	-2,217,000	24,000	-8,556,000	-101,789,000	-1,697,000	24,000	-4,547,000
deferred rent																																																596,000	637,000	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		3,090,000
deferred revenue																																		3,871,000	7,128,000	-452,000	-2,206,000	-2,022,000	2,994,000	-812,000	3,170,000	-7,585,000	7,855,000	144,000	-4,229,000	456,000		-2,385,000	-1,374,000	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																																								204,000	27,000	408,000	826,000	-550,000	732,000	2,435,000		312,000	-171,000	197,000	155,000	1,000	162,000	486,000	-588,000	-96,000	-38,000	949,000
restricted cash																																				-6,000	603,000			-12,000											-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
effect of exchange rate changes on cash																																				318,000	41,000	-997,000	-44,000	449,000	110,000	-116,000	-1,480,000	-508,000	281,000	-347,000
increase in cash and cash equivalents																																				1,286,000	2,165,000	-1,201,000	1,489,000	1,612,000
cash and cash equivalents, beginning of period																																				0	6,042,000	0	0	7,747,000																				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																																				1,286,000	8,207,000	-1,201,000	1,489,000	9,359,000																				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
billed																																								167,889,000						140,726,000			-2,663,000	130,841,000
unbilled																																								110,865,000						103,914,000			2,348,000	78,534,000
allowance for doubtful accounts																																								-2,341,000						-1,725,000			-85,000	-1,535,000
consolidated statement of comprehensive income
benefit from income taxes																																					5,837,000
comprehensive income, net of tax																																					8,770,000
basic earnings per share																																					510
diluted earnings per share																																					500
diluted weighted-average shares outstanding																																					19,293,000
consolidated statement of cash flows
foreign currency translation adjustments																																						1,861,000			-4,733,000			-1,636,000
realized losses reclassified into earnings
other comprehensive income, net of tax																																						1,861,000
accrued expenses																																									4,220,000	-724,000	-5,218,000	-169,000	-1,564,000	5,903,000		4,682,000	2,841,000	-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
decrease in cash																																									-1,727,000			-517,000
cash, beginning of period																																									0	0	12,122,000	0	0	8,953,000		0	0	14,725,000	0	0	0	4,097,000	0	0	0	3,301,000
cash, end of period																																									-1,727,000	424,000	7,025,000	-517,000	-12,178,000	20,204,000		520,000	1,021,000	4,465,000	8,663,000	805,000	-456,000	5,713,000	2,087,000	-667,000	-3,611,000	6,288,000
realized losses reclassified into earnings, net of tax
other comprehensive loss, net of tax
increase in cash																																											-5,097,000			11,251,000		520,000	1,021,000	-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																																											8,816,000
other current and non-current assets																																											1,512,000
property and equipment																																											14,462,000
customer-related intangibles																																											60,338,000
marketing-related intangibles																																											3,947,000
developed technology intangibles																																											578,000
goodwill																																											230,202,000
total assets																																											356,734,000
accrued expenses and other liabilities																																											13,001,000
deferred taxes and income tax payable																																											20,613,000
total liabilities																																											58,526,000
net assets																																											298,208,000
fair value of contingent consideration payable in connection with acquisition
other comprehensive income																																												-2,162,000
other income
interest expense
ebitda
loss on disposal of fixed assets																																																-6,000	-4,000	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	119,000	119,000
effect of exchange rate on cash																																																445,000	-197,000	-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
capital expenditures	-2,830,000	-6,914,000	-5,543,000	-5,750,000	-3,452,000	-5,871,000	-5,167,000	-5,166,000	-5,226,000	-4,461,000	-4,737,000	-6,698,000	-6,441,000	-3,860,000	-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	-2,392,000	-3,512,000	-2,571,000	-2,798,000	-3,672,000	-4,184,000	-5,046,000	-3,839,000	-3,309,000	-2,479,000	-2,445,000	-5,658,000		0	-3,576,000	-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	170,000	-1,227,000	-484,000	-921,000	98,000
free cash flows	-5,972,000	68,712,000	41,778,000	46,207,000	-36,486,000	89,489,000	20,382,000	55,470,000	-15,227,000	102,370,000	20,936,000	30,012,000	-23,272,000	151,750,000	-6,110,000	8,892,000	-13,509,000	37,789,000	53,618,000	-2,500,000	1,366,000	73,201,000	80,475,000	21,722,000	-19,936,000	78,861,000	48,140,000	-42,235,000	-20,227,000	58,098,000	25,882,000	-22,039,000	-9,083,000	40,869,000	50,650,000	7,025,000	4,134,000	39,283,000	25,646,000	-17,765,000	32,866,000	24,492,000	-26,651,000	24,897,000	1,744,000	-17,687,000		16,528,000	13,415,000	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	10,075,000	4,177,000	36,659,000	-7,910,000	-21,545,000
(gain) loss on disposal of fixed assets																																																			20,000	26,000	9,000	67,000	0	45,000	8,000	-66,000
capitalized software development costs																																																							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
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
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:
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

ICF International, Inc(NASDAQ:ICFI)

ICF International, Inc
(NASDAQ:ICFI)