Willdan group, inc. (WLDN)
Income statement / Quarterly
Apr'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Sep'18Jun'18Jun'18Mar'18Mar'18Dec'17Dec'17Sep'17Jun'17Mar'17Dec'16Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Sep'10Jun'10
Contract revenue

106,026

129,416

117,494

104,396

91,793

86,438

-

71,386

-

59,833

-

54,595

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Contract revenue

-

-

-

-

-

-

71,386

-

59,833

-

54,595

-

64,161

-

69,007

71,833

68,351

57,425

-

58,660

58,941

33,915

31,522

33,511

36,773

33,297

30,237

28,187

26,970

22,686

22,462

21,167

20,496

21,385

22,947

21,547

23,481

25,468

30,006

28,605

25,812

22,742

20,706

20,367

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

18,915

17,806

16,145

15,624

14,910

13,230

-

11,233

-

11,127

-

10,998

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Salaries and wages

-

-

-

-

-

-

11,233

-

11,127

-

10,998

-

11,149

-

11,425

11,368

10,801

10,271

-

10,421

9,798

8,534

7,940

7,745

8,210

7,985

7,712

7,290

7,003

6,202

5,990

6,136

6,129

5,843

5,605

5,680

5,976

5,957

6,147

6,568

6,628

6,371

5,570

5,612

Subcontractor services and other direct costs

56,420

68,393

66,677

57,623

50,948

46,240

36,840

36,840

25,544

25,544

24,069

24,069

-

33,038

37,310

41,676

39,895

-

29,075

32,134

31,294

11,733

10,488

13,206

14,685

11,821

10,140

9,179

9,296

6,996

7,495

5,836

5,309

6,191

-

-

-

-

-

-

-

-

-

-

Subconsultant services and other direct costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5,610

-

-

-

-

-

-

-

-

Subconsultant services and other direct costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

11,140

11,237

-

-

-

-

-

-

Subconsultant services and other direct costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

8,825

6,567

7,226

5,433

3,542

Other direct costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,462

2,321

-34

448

1,644

Total direct costs of contract revenue

75,335

86,199

82,822

73,247

65,858

59,470

48,073

48,073

36,671

36,671

35,067

35,067

-

44,187

48,735

53,044

50,696

-

39,346

42,555

41,092

20,267

18,428

20,951

22,895

19,806

17,852

16,469

16,299

13,198

13,485

11,972

11,438

12,034

13,359

11,290

17,116

17,194

18,793

16,855

15,516

13,563

11,451

10,798

General and administrative expenses:
Gross profit

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

9,569

Salaries and wages, payroll taxes and employee benefits

20,412

19,361

15,761

15,437

15,744

13,373

11,125

11,125

10,725

10,725

10,025

10,025

-

10,442

8,691

8,086

9,315

-

8,049

7,825

8,449

6,761

6,748

6,070

6,282

6,641

6,018

5,444

5,014

4,918

5,122

4,947

4,948

5,538

5,079

5,075

5,839

6,428

6,349

5,381

5,303

5,561

4,093

4,484

Facilities and facility related

2,694

2,499

2,250

2,047

1,772

1,513

-

1,492

-

1,386

-

1,209

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Facilities and facility related

-

-

-

-

-

-

1,492

-

1,386

-

1,209

-

1,146

-

1,235

1,119

1,124

-

1,107

1,039

829

1,110

1,043

1,207

948

1,048

1,100

1,084

1,125

1,062

1,150

1,167

1,149

1,188

1,212

1,224

1,240

1,195

1,212

1,266

1,319

1,078

1,117

1,035

Stock-based compensation

4,595

3,964

4,107

2,224

1,817

1,831

1,705

1,705

1,662

1,662

1,064

1,064

-

782

896

620

476

-

507

268

257

207

309

190

154

124

84

81

52

41

26

36

38

50

46

50

77

54

53

40

54

54

52

48

Depreciation and amortization

4,519

3,719

5,788

2,866

2,654

2,768

1,117

1,117

1,111

1,111

1,064

1,064

-

1,053

1,053

934

909

-

896

742

956

610

796

349

498

429

130

124

102

103

116

125

127

149

153

163

181

174

194

197

229

257

231

239

Lease abandonment, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-13

1

3

-26

-4

-

-

-

-

75

-

Impairment of goodwill

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

15,208

-

-

-

-

-

-

-

Other

6,740

8,145

5,471

5,802

4,182

5,804

2,961

2,961

4,073

4,073

4,192

4,192

-

3,557

4,214

3,467

3,867

-

4,831

3,178

3,394

3,122

3,742

3,103

3,192

2,620

2,639

2,334

2,437

2,052

1,995

2,038

2,078

1,956

1,874

2,328

3,377

2,736

3,056

2,486

2,437

2,509

2,443

2,498

Total general and administrative expenses

38,960

37,688

33,377

28,376

26,169

25,289

18,400

18,400

18,957

18,957

17,554

17,554

-

16,980

16,089

14,226

15,691

-

15,390

13,052

13,885

11,810

12,638

10,919

11,074

10,862

9,980

9,067

8,730

8,176

8,426

8,313

8,340

8,894

8,363

8,837

25,948

10,591

10,866

9,370

9,342

9,459

7,861

8,304

Loss from operations

-8,269

5,529

1,295

2,773

-234

1,679

4,913

4,913

4,205

4,205

1,974

1,974

-

2,994

4,183

4,563

1,964

-

2,689

3,053

3,964

1,838

456

1,641

2,804

2,629

2,405

2,651

1,941

1,312

551

882

718

457

1,225

1,420

-19,583

-2,317

347

2,380

954

-280

1,394

1,265

Other income (expense):
Interest income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1

-

1

4

1

1

2

2

3

2

3

2

2

1

1

0

1

2

2

3

1

Interest expense, net

1,513

1,301

1,257

1,221

1,121

625

22

22

30

30

23

23

-

23

23

32

33

-

42

43

44

50

-136

234

58

51

5

4

3

4

8

9

50

27

26

28

30

22

24

21

14

18

11

18

Other, net

23

162

2

18

11

54

17

17

9

9

10

10

-

42

18

1

37

-

0

0

1

1

0

0

-36

54

9

49

18

49

203

10

10

15

-

-14

-21

-

-4

8

-8

5

-3

10

Total other expense, net

-1,490

-1,139

-1,255

-1,203

-1,110

-571

-5

-5

-21

-21

-13

-13

-

19

-5

-31

4

-

-42

-43

-43

-49

134

-233

-94

4

8

46

16

47

197

4

-38

-9

-17

-40

-50

-21

-28

-12

-20

-11

-11

-7

Loss before income taxes

-9,759

4,390

40

1,570

-1,344

1,108

4,908

4,908

4,184

4,184

1,961

1,961

-

3,013

4,178

4,532

1,968

-

2,647

3,010

3,921

1,789

590

1,408

2,710

2,633

2,413

2,697

1,957

1,359

-

886

680

-

-

-

-

-

-

-

-

-

-

-

Income before income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

448

-

1,380

-19,633

-2,338

319

2,368

934

-291

1,383

1,258

Income tax benefit

-1,605

1,188

-376

-70

-927

-93

1,597

1,597

869

869

-242

-242

-

-277

1,292

1,220

-673

-

1,078

548

731

711

210

626

1,108

1,138

366

-1,464

64

44

47

44

-8

49

908

593

-2,657

-927

-

203

199

-

595

-

Net loss

-8,154

3,202

416

1,640

-417

1,201

3,311

3,311

3,315

3,315

2,203

2,203

-

3,290

2,886

3,312

2,641

-

1,569

2,462

3,190

1,078

380

782

1,602

1,495

2,047

4,161

1,893

1,315

701

842

688

399

300

787

-16,976

-1,411

-779

2,165

735

-291

788

-

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

-449

84

-42

-219

-219

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Comprehensive loss

-8,603

3,286

374

1,421

-636

1,201

-

3,311

-

3,315

-

2,203

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Earnings (Loss) per share:
Net income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,258

Basic (in dollars per share)

-0.71

0.28

0.04

0.15

-0.04

0.08

0.37

0.37

0.38

0.38

0.25

0.25

-

0.39

0.33

0.38

0.32

-

0.19

0.30

0.39

0.13

0.05

0.10

0.20

0.19

0.27

0.55

0.26

0.18

0.11

0.11

0.09

0.05

-

0.11

-

-

-

0.30

-

-

0.11

0.17

Diluted (in dollars per share)

-0.71

0.27

0.04

0.14

-0.04

0.08

0.35

0.35

0.36

0.36

0.24

0.24

-

0.35

0.31

0.36

0.30

-

0.19

0.28

0.37

0.13

0.04

0.10

0.20

0.18

0.27

0.53

0.25

0.17

0.10

0.11

0.09

0.05

-

0.11

-

-

-

0.29

-

-

0.11

0.17

Weighted-average shares outstanding:
Basic and diluted (in dollars per share)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-2.33

-0.19

-

-

0.10

-0.04

-

-

Basic

11,510

11,357

11,217

11,100

10,974

10,663

8,844

8,844

8,796

8,796

8,753

8,753

-

8,550

8,730

8,603

8,281

-

8,365

8,308

8,207

7,996

7,885

7,862

7,824

7,765

7,643

7,507

7,405

7,397

7,373

7,359

7,353

7,335

7,337

7,315

7,297

7,291

7,273

7,267

7,257

7,251

7,236

7,229

Diluted

11,510

12,622

11,789

11,679

10,974

11,236

9,343

9,343

9,288

9,288

9,185

9,185

-

9,436

9,248

9,082

8,854

-

8,766

8,720

8,530

8,244

8,111

8,102

8,136

8,103

7,831

7,855

7,661

7,609

7,671

7,526

7,401

7,382

7,337

7,315

7,297

7,291

7,750

7,468

7,471

7,251

7,318

7,252