Willdan group, inc. (WLDN)
Income statement / Yearly
Dec'19Dec'18Dec'17Dec'17Dec'16Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09
Contract revenue

443,099

272,252

-

273,352

-

208,941

-

-

-

-

-

-

-

Contract revenue

-

-

273,352

-

208,941

-

135,103

108,080

85,510

93,443

107,165

77,896

61,605

Direct costs of contract revenue (inclusive of directly related depreciation and amortization):
Salaries and wages

64,485

46,588

-

44,743

-

39,024

-

-

-

-

-

-

-

Salaries and wages

-

-

44,743

-

39,024

-

31,880

28,207

24,098

23,218

25,714

21,607

18,130

Subcontractor services and other direct costs

243,641

132,693

151,919

151,919

104,236

104,236

50,200

35,611

24,831

35,741

39,013

-

-

Subconsultant services and other direct costs

-

-

-

-

-

-

-

-

-

-

-

20,415

7,997

Other direct costs

-

-

-

-

-

-

-

-

-

-

-

-

2,715

Total direct costs of contract revenue

308,126

179,281

196,662

196,662

143,260

143,260

82,080

63,818

48,929

58,959

64,727

42,022

28,842

General and administrative expenses:
Salaries and wages, payroll taxes and employee benefits

66,303

45,248

36,534

36,534

31,084

31,084

25,741

21,394

20,555

22,421

22,594

17,582

20,325

Facilities and facility related

8,568

5,600

-

4,624

-

-

-

-

-

-

-

-

-

Facilities and facility related

-

-

4,624

-

4,085

4,085

4,246

4,371

4,654

4,871

4,875

4,290

4,430

Stock-based compensation

12,112

6,262

2,774

2,774

1,239

1,239

777

258

150

227

201

235

272

Depreciation and amortization

15,027

6,060

3,949

3,949

3,204

3,204

2,072

459

517

671

877

1,042

1,814

Lease abandonment, net

-

-

-

-

-

-

-

9

30

-

-

-

-

Lease abandonment, net

-

-

-

-

-

-

-

-

-

-26

-2

68

-707

Impairment of goodwill

-

-

-

-

-

-

-

-

-

15,208

-

-

2,763

Litigation accrual (reversal)

-

-

-

-

-

-

-

-

-

-

-

-

1,125

Other

23,600

17,030

15,105

15,105

14,525

14,525

12,657

9,462

8,067

10,315

10,488

9,719

11,070

Total general and administrative expenses

125,610

80,200

62,986

62,986

54,137

54,137

45,493

35,953

33,973

53,739

39,037

32,800

40,256

Loss from operations

9,363

12,771

13,704

13,704

11,544

11,544

7,530

8,309

2,608

-19,255

3,401

3,074

-7,493

Other income (expense):
Interest income

-

-

-

-

-

-

-

8

10

6

5

12

30

Interest expense, net

4,900

700

111

111

179

179

207

16

94

106

77

54

38

Other, net

193

90

98

98

2

2

18

125

238

-28

1

32

-5

Total other expense, net

-4,707

-610

-13

-13

-177

-177

-189

117

154

-128

-71

-10

-13

Loss before income taxes

4,656

12,161

13,691

13,691

11,367

11,367

7,341

8,426

2,762

-19,383

-

-

-

Income before income taxes

-

-

-

-

-

-

-

-

-

-

3,330

3,064

-7,506

Income tax benefit

-185

2,131

1,562

1,562

3,068

3,068

3,082

-990

132

-2,083

1,500

344

-1,931

Net loss

4,841

10,030

12,129

12,129

8,299

8,299

4,259

9,416

2,630

-17,300

1,830

2,720

-5,575

Other comprehensive loss:
Unrealized loss on derivative contracts, net of tax

-396

-

-

-

-

-

-

-

-

-

-

-

-

Comprehensive loss

4,445

10,030

-

12,129

-

-

-

-

-

-

-

-

-

Earnings (Loss) per share:
Basic (in dollars per share)

0.43

1.08

1.42

1.42

1.01

1.01

0.54

1.26

0.36

-2.37

0.25

0.38

-0.78

Diluted (in dollars per share)

0.41

1.03

1.32

1.32

0.97

0.97

0.52

1.22

0.35

-2.37

0.24

0.37

-0.78

Weighted-average shares outstanding:
Basic

11,162

9,264

8,541

8,541

8,219

8,219

7,834

7,488

7,355

7,310

7,262

7,233

7,192

Diluted

11,766

9,763

9,155

9,155

8,565

8,565

8,113

7,739

7,495

7,310

7,485

7,311

7,192