| NV5 GLOBAL, INC. AND SUBSIDIARIES | |||||||
| CONSOLIDATED STATEMENTS OF NET INCOME AND COMPREHENSIVE INCOME | |||||||
| (UNAUDITED) | |||||||
| (in thousands, except share data) | |||||||
| Three Months Ended | |||||||
| April 3, 2021 | March 28, 2020 | ||||||
| Gross revenues | $ | 153,095 | $ | 165,480 | |||
| Direct costs: | |||||||
| Salaries and wages | 41,459 | 45,034 | |||||
| Sub-consultant services | 23,246 | 27,427 | |||||
| Other direct costs | 9,798 | 8,487 | |||||
| Total direct costs | 74,503 | 80,948 | |||||
| Gross profit | 78,592 | 84,532 | |||||
| Operating expenses: | |||||||
| Salaries and wages, payroll taxes and benefits | 42,951 | 45,556 | |||||
| General and administrative | 11,549 | 13,157 | |||||
| Facilities and facilities related | 5,097 | 5,397 | |||||
| Depreciation and amortization | 9,440 | 11,040 | |||||
| Total operating expenses | 69,037 | 75,150 | |||||
| Income from operations | 9,555 | 9,382 | |||||
| Interest expense | (2,318 | ) | (3,788 | ) | |||
| Income before income tax expense | 7,237 | 5,594 | |||||
| Income tax expense | (1,757 | ) | (1,406 | ) | |||
| Net income and comprehensive income | $ | 5,480 | $ | 4,188 | |||
| Earnings per share: | |||||||
| Basic | $ | 0.43 | $ | 0.34 | |||
| Diluted | $ | 0.41 | $ | 0.33 | |||
| Weighted average common shares outstanding: | |||||||
| Basic | 12,876,822 | 12,233,477 | |||||
| Diluted | 13,429,102 | 12,593,788 | |||||
