v3.25.3

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 03, 2025	Sep. 27, 2024	Oct. 03, 2025	Sep. 27, 2024
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)
Contract revenue	$ 182,006	$ 158,252	$ 507,865	$ 421,737
Direct costs of contract revenue (inclusive of directly related depreciation and amortization):
Salaries and wages	27,878	24,088	82,198	69,247
Subcontractor services and other direct costs	87,039	82,563	232,592	204,667
Total direct costs of contract revenue	114,917	106,651	314,790	273,914
Gross profit	67,089	51,601	193,075	147,823
General and administrative expenses:
Salaries and wages, payroll taxes and employee benefits	31,720	25,876	95,404	78,449
Facilities and facility related	2,369	2,381	7,362	7,231
Stock-based compensation	3,147	2,020	8,755	5,355
Depreciation and amortization	3,913	3,716	13,857	10,937
Other	11,078	8,934	33,983	25,368
Total general and administrative expenses	52,227	42,927	159,361	127,340
Income (Loss) from operations	14,862	8,674	33,714	20,483
Other income (expense):
Interest expense, net	(902)	(1,934)	(4,890)	(6,031)
Other, net	330	763	840	2,293
Total other expense, net	(572)	(1,171)	(4,050)	(3,738)
Income (Loss) before income taxes	14,290	7,503	29,664	16,745
Income tax (benefit) expense	569	157	(4,180)	1,863
Net income (loss)	13,721	7,346	33,844	14,882
Other comprehensive income (loss):
Unrealized gain (loss) on derivative contracts, net of tax	(20)	(678)	(17)	(143)
Comprehensive income (loss)	$ 13,701	$ 6,668	$ 33,827	$ 14,739
Earnings (Loss) per share:
Basic (in dollars per share)	$ 0.94	$ 0.53	$ 2.35	$ 1.08
Diluted (in dollars per share)	$ 0.9	$ 0.51	$ 2.26	$ 1.05
Weighted-average shares outstanding:
Basic (in shares)	14,603	13,930	14,397	13,753
Diluted (in shares)	15,229	14,358	14,987	14,130

Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income, attributable to parent entity. Excludes changes in equity resulting from investments by owners and distributions to owners.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(24))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483621/220-10-S99-2

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-04(26))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478524/942-220-S99-1

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(22))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477250/944-220-S99-1

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 1A
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482790/220-10-45-1A

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 1B
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482790/220-10-45-1B

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(20))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477250/944-220-S99-1

Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 5
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482790/220-10-45-5

Willdan Group, Inc. 10-Q