Annual report pursuant to Section 13 and 15(d)

Quarterly Financial Information (unaudited) (Tables)

v3.8.0.1
Quarterly Financial Information (unaudited) (Tables)
12 Months Ended
Oct. 29, 2017
Quarterly Financial Information Disclosure [Abstract]  
Selected consolidated statements of operations data
The following table presents selected Consolidated Statements of Operations data for each quarter for the fiscal year ended October 29, 2017 (in thousands, except per share amounts):
 
Three Months Ended
 
Year Ended
 
January 29,
2017
 
April 30,
2017
 
July 30,
2017
 
October 29,
2017
 
October 29,
2017
 
(unaudited)
 
(unaudited)
 
(unaudited)
 
(unaudited)
 
 
 
 
 
 
 
 
 
 
 
 
NET REVENUE
$
313,024

 
$
303,005

 
$
289,924

 
$
288,483

 
$
1,194,436

Cost of services
266,134

 
255,886

 
244,205

 
240,816

 
1,007,041

GROSS MARGIN
46,890

 
47,119

 
45,719

 
47,667

 
187,395

EXPENSES
 
 
 
 
 
 
 
 
 
   Selling, administrative and other operating costs
48,890

 
51,171

 
46,931

 
50,138

 
197,130

   Restructuring and severance costs
624

 
199

 
249

 
307

 
1,379

   Gain from divestitures

 
(3,938
)
 

 
(48,033
)
 
(51,971
)
   Settlement and impairment charges

 
290

 

 
1,404

 
1,694

TOTAL EXPENSES
49,514

 
47,722

 
47,180

 
3,816

 
148,232

OPERATING INCOME (LOSS)
(2,624
)
 
(603
)
 
(1,461
)
 
43,851

 
39,163

OTHER INCOME (EXPENSE)
 
 
 
 
 
 
 
 
 
Interest income
31

 
8

 
1

 
(1
)
 
39

Interest expense
(889
)
 
(899
)
 
(977
)
 
(1,025
)
 
(3,790
)
Foreign exchange gain (loss), net
127

 
184

 
(1,730
)
 
(218
)
 
(1,637
)
Other income (expense), net
(599
)
 
(311
)
 
(277
)
 
(375
)
 
(1,562
)
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES
(3,954
)
 
(1,621
)
 
(4,444
)
 
42,232

 
32,213

Income tax provision (benefit)
623

 
(767
)
 
1,074

 
2,458

 
3,388

INCOME (LOSS) FROM CONTINUING OPERATIONS
(4,577
)
 
(854
)
 
(5,518
)
 
39,774

 
28,825

Loss from discontinued operations, net of income taxes

 

 

 
(1,693
)
 
(1,693
)
NET INCOME (LOSS)
$
(4,577
)
 
$
(854
)
 
$
(5,518
)
 
$
38,081

 
$
27,132

 
 
 
 
 
 
 
 
 
 
PER SHARE DATA:
 
 

 
 
 
 
 
 
Basic:
 
 
 
 
 
 
 
 
 
Income (loss) from continuing operations
$
(0.22
)
 
$
(0.04
)
 
$
(0.26
)
 
$
1.90

 
$
1.38

Loss from discontinued operations

 

 

 
(0.08
)
 
(0.08
)
Net income (loss)
$
(0.22
)
 
$
(0.04
)
 
$
(0.26
)
 
$
1.82

 
$
1.30

Weighted average number of shares
20,918

 
20,921

 
20,963

 
20,967

 
20,942

 
 
 
 
 
 
 
 
 
 
Diluted:
 
 
 
 
 
 
 
 
 
Income (loss) from continuing operations
$
(0.22
)
 
$
(0.04
)
 
$
(0.26
)
 
$
1.90

 
$
1.37

Loss from discontinued operations

 

 

 
(0.08
)
 
(0.08
)
Net income (loss)
$
(0.22
)
 
$
(0.04
)
 
$
(0.26
)
 
$
1.82

 
$
1.29

Weighted average number of shares
20,918

 
20,921

 
20,963

 
20,982

 
21,017

 
The following table presents selected Consolidated Statements of Operations data for each quarter for the fiscal year ended October 30, 2016 (in thousands, except per share amounts):
 
Three Months Ended
 
Year Ended
 
January 31,
2016
 
May 1,
2016
 
July 31,
2016
 
October 30,
2016
 
October 30,
2016
 
(unaudited)
 
(unaudited)
 
(unaudited)
 
(unaudited)
 
 

 
 
 
 
 
 
 
 
 
NET REVENUE
$
326,968

 
$
335,576

 
$
330,625

 
$
341,578

 
$
1,334,747

Cost of services
281,400

 
284,104

 
282,098

 
284,651

 
1,132,253

GROSS MARGIN
45,568

 
51,472

 
48,527

 
56,927

 
202,494

EXPENSES
 
 
 
 
 
 
 
 
 
   Selling, administrative and other operating costs
52,623

 
51,128

 
49,543

 
50,636

 
203,930

   Restructuring and severance costs
2,761

 
840

 
970

 
1,181

 
5,752

   Gain from divestitures

 
(1,663
)
 

 

 
(1,663
)
   Settlement and impairment charges

 

 

 
364

 
364

TOTAL EXPENSES
55,384

 
50,305

 
50,513

 
52,181

 
208,383

OPERATING INCOME (LOSS)
(9,816
)
 
1,167

 
(1,986
)
 
4,746

 
(5,889
)
OTHER INCOME (EXPENSE)
 
 
 
 
 
 
 
 
 
Interest income
74

 
37

 
18

 
17

 
146

Interest expense
(732
)
 
(899
)
 
(844
)
 
(830
)
 
(3,305
)
Foreign exchange gain (loss), net
344

 
(579
)
 
(1,003
)
 
(565
)
 
(1,803
)
Other income (expense), net
(279
)
 
(420
)
 
(402
)
 
(443
)
 
(1,544
)
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES
(10,409
)
 
(694
)
 
(4,217
)
 
2,925

 
(12,395
)
Income tax provision
553

 
1,091

 
393

 
138

 
2,175

NET INCOME (LOSS)
$
(10,962
)
 
$
(1,785
)
 
$
(4,610
)
 
$
2,787

 
$
(14,570
)
 
 
 
 
 
 
 
 
 
 
PER SHARE DATA:
 
 
 
 
 
 
 
 
 
Basic:
 
 
 
 
 
 
 
 
 
Income (loss) from continuing operations
$
(0.53
)
 
$
(0.09
)
 
$
(0.22
)
 
$
0.13

 
$
(0.70
)
Weighted average number of shares
20,813

 
20,814

 
20,846

 
20,852

 
20,831

 
 
 
 
 
 
 
 
 
 
Diluted:
 
 
 
 
 
 
 
 
 
Income (loss) from continuing operations
$
(0.53
)
 
$
(0.09
)
 
$
(0.22
)
 
$
0.13

 
$
(0.70
)
Weighted average number of shares
20,813

 
20,814

 
20,846

 
21,762

 
20,831