◆ Market Data --:--
Commodities
Loading...
📈 Yields & Rates
Loading...
💱 FX Rates
Loading...
📈 Market Pulse
Loading...
🏛 Congress Trades
Loading...
👤 Insider Trades
Loading...
Customize Items

10-Q Filing

KFORCE INC CIK: 930420 Q1 2021
Filing Information
Form Type 10-Q
Accession Number 0000930420-21-000154
Period End Date 20210331
Filing Date 20210505
Fiscal Year 2021
Fiscal Period Q1
XBRL Instance kfrc-20210331_htm.xml
Filing Contents
Balance Sheet 74 line items
Line Item Tag Value Unit Period
Trade receivables, allowances AllowanceForDoubtfulAccountsReceivableCurrent $3.20M USD Point-in-time
Trade receivables, allowances AllowanceForDoubtfulAccountsReceivableCurrent $2.22M USD Point-in-time
Preferred stock, par value (in dollars per share) PreferredStockParOrStatedValuePerShare $0.01 USD Point-in-time
Preferred stock, par value (in dollars per share) PreferredStockParOrStatedValuePerShare $0.01 USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $103.49M USD Point-in-time
Preferred stock, shares authorized (in shares) PreferredStockSharesAuthorized 15.00M shares Point-in-time
Preferred stock, shares authorized (in shares) PreferredStockSharesAuthorized 15.00M shares Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $101.34M USD Point-in-time
Preferred stock, shares issued (in shares) PreferredStockSharesIssued 0.00 shares Point-in-time
Preferred stock, shares issued (in shares) PreferredStockSharesIssued 0.00 shares Point-in-time
Trade receivables, net of allowances of $2,216 and $3,204, respectively AccountsReceivableNetCurrent $244.23M USD Point-in-time
Trade receivables, net of allowances of $2,216 and $3,204, respectively AccountsReceivableNetCurrent $228.37M USD Point-in-time
Prepaid expenses and other current assets PrepaidExpenseAndOtherAssetsCurrent $7.03M USD Point-in-time
Preferred stock, shares outstanding (in shares) PreferredStockSharesOutstanding 0.00 shares Point-in-time
Preferred stock, shares outstanding (in shares) PreferredStockSharesOutstanding 0.00 shares Point-in-time
Prepaid expenses and other current assets PrepaidExpenseAndOtherAssetsCurrent $6.90M USD Point-in-time
Total current assets AssetsCurrent $338.89M USD Point-in-time
Common stock, par value (in dollars per share) CommonStockParOrStatedValuePerShare $0.01 USD Point-in-time
Common stock, par value (in dollars per share) CommonStockParOrStatedValuePerShare $0.01 USD Point-in-time
Total current assets AssetsCurrent $352.47M USD Point-in-time
Common stock, shares authorized (in shares) CommonStockSharesAuthorized 250.00M shares Point-in-time
Fixed assets, net PropertyPlantAndEquipmentNet $26.80M USD Point-in-time
Common stock, shares authorized (in shares) CommonStockSharesAuthorized 250.00M shares Point-in-time
Fixed assets, net PropertyPlantAndEquipmentNet $26.37M USD Point-in-time
Common stock, shares issued (in shares) CommonStockSharesIssued 72.61M shares Point-in-time
Other assets, net OtherAssetsNoncurrent $77.58M USD Point-in-time
Common stock, shares issued (in shares) CommonStockSharesIssued 72.60M shares Point-in-time
Other assets, net OtherAssetsNoncurrent $79.98M USD Point-in-time
Deferred tax assets, net DeferredIncomeTaxAssetsNet $9.49M USD Point-in-time
Treasury stock, shares (in shares) TreasuryStockShares 50.43M shares Point-in-time
Deferred tax assets, net DeferredIncomeTaxAssetsNet $10.74M USD Point-in-time
Treasury stock, shares (in shares) TreasuryStockShares 50.74M shares Point-in-time
Goodwill Goodwill $25.04M USD Point-in-time
Goodwill Goodwill $25.04M USD Point-in-time
Total assets Assets $493.35M USD Point-in-time
Total assets Assets $479.05M USD Point-in-time
Accounts payable and other accrued liabilities AccountsPayableAndAccruedLiabilitiesCurrent $38.38M USD Point-in-time
Accounts payable and other accrued liabilities AccountsPayableAndAccruedLiabilitiesCurrent $35.53M USD Point-in-time
Accrued payroll costs EmployeeRelatedLiabilitiesCurrent $77.88M USD Point-in-time
Accrued payroll costs EmployeeRelatedLiabilitiesCurrent $65.85M USD Point-in-time
Current portion of operating lease liabilities OperatingLeaseLiabilityCurrent $4.49M USD Point-in-time
Current portion of operating lease liabilities OperatingLeaseLiabilityCurrent $5.52M USD Point-in-time
Income taxes payable AccruedIncomeTaxesCurrent $4.62M USD Point-in-time
Income taxes payable AccruedIncomeTaxesCurrent $964.00K USD Point-in-time
Other current liabilities OtherLiabilitiesCurrent $198.00K USD Point-in-time
Other current liabilities OtherLiabilitiesCurrent $300.00K USD Point-in-time
Total current liabilities LiabilitiesCurrent $125.57M USD Point-in-time
Total current liabilities LiabilitiesCurrent $108.17M USD Point-in-time
Long-term debt credit facility LongTermLineOfCredit $100.00M USD Point-in-time
Long-term debt credit facility LongTermLineOfCredit $100.00M USD Point-in-time
Other long-term liabilities OtherLiabilitiesNoncurrent $91.13M USD Point-in-time
Other long-term liabilities OtherLiabilitiesNoncurrent $90.95M USD Point-in-time
Total liabilities Liabilities $316.70M USD Point-in-time
Total liabilities Liabilities $299.11M USD Point-in-time
Commitments and contingencies (Note L) CommitmentsAndContingencies - USD Point-in-time
Commitments and contingencies (Note L) CommitmentsAndContingencies - USD Point-in-time
Preferred stock, $0.01 par; 15,000 shares authorized, none issued and outstanding PreferredStockValue - USD Point-in-time
Preferred stock, $0.01 par; 15,000 shares authorized, none issued and outstanding PreferredStockValue - USD Point-in-time
Common stock, $0.01 par; 250,000 shares authorized, 72,615 and 72,600 issued, respectively CommonStockValue $726.00K USD Point-in-time
Common stock, $0.01 par; 250,000 shares authorized, 72,615 and 72,600 issued, respectively CommonStockValue $726.00K USD Point-in-time
Additional paid-in capital AdditionalPaidInCapital $476.17M USD Point-in-time
Additional paid-in capital AdditionalPaidInCapital $472.38M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-4.42M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-3.44M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $388.64M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $396.85M USD Point-in-time
Treasury stock, at cost; 50,740 and 50,427 shares, respectively TreasuryStockValue $693.65M USD Point-in-time
Treasury stock, at cost; 50,740 and 50,427 shares, respectively TreasuryStockValue $677.39M USD Point-in-time
Total stockholders equity StockholdersEquity $153.40M USD Point-in-time
Total stockholders equity StockholdersEquity $167.26M USD Point-in-time
Total stockholders equity StockholdersEquity $176.66M USD Point-in-time
Total stockholders equity StockholdersEquity $179.94M USD Point-in-time
Total liabilities and stockholders equity LiabilitiesAndStockholdersEquity $493.35M USD Point-in-time
Total liabilities and stockholders equity LiabilitiesAndStockholdersEquity $479.05M USD Point-in-time
Income Statement 34 line items
Line Item Tag Value Unit Period
Revenue RevenueFromContractWithCustomerExcludingAssessedTax $363.23M USD 1 Quarter
Revenue RevenueFromContractWithCustomerExcludingAssessedTax $335.21M USD 1 Quarter
Direct costs CostOfRevenue $240.68M USD 1 Quarter
Direct costs CostOfRevenue $264.54M USD 1 Quarter
Gross profit GrossProfit $94.52M USD 1 Quarter
Gross profit GrossProfit $98.68M USD 1 Quarter
Selling, general and administrative expenses SellingGeneralAndAdministrativeExpense $79.22M USD 1 Quarter
Selling, general and administrative expenses SellingGeneralAndAdministrativeExpense $78.03M USD 1 Quarter
Depreciation and amortization DepreciationAndAmortization $1.39M USD 1 Quarter
Depreciation and amortization DepreciationAndAmortization $1.20M USD 1 Quarter
Income from operations OperatingIncomeLoss $13.91M USD 1 Quarter
Income from operations OperatingIncomeLoss $19.45M USD 1 Quarter
Other expense, net OtherNonoperatingIncomeExpense $-1.38M USD 1 Quarter
Other expense, net OtherNonoperatingIncomeExpense $-1.28M USD 1 Quarter
Income from operations, before income taxes IncomeLossAttributableToParent $12.53M USD 1 Quarter
Income from operations, before income taxes IncomeLossAttributableToParent $18.17M USD 1 Quarter
Income tax expense IncomeTaxExpenseBenefit $3.43M USD 1 Quarter
Income tax expense IncomeTaxExpenseBenefit $4.91M USD 1 Quarter
Net income NetIncomeLoss $9.11M USD 1 Quarter
Net income NetIncomeLoss $13.26M USD 1 Quarter
Defined benefit pension plans, no tax benefit OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent - USD 1 Quarter
Defined benefit pension plans, no tax benefit OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent $-47.00K USD 1 Quarter
Change in fair value of interest rate swaps, net of tax OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxParent $-1.12M USD 1 Quarter
Change in fair value of interest rate swaps, net of tax OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxParent $939.00K USD 1 Quarter
Comprehensive income ComprehensiveIncomeNetOfTax $7.99M USD 1 Quarter
Comprehensive income ComprehensiveIncomeNetOfTax $14.25M USD 1 Quarter
Earnings per share basic (in dollars per share) EarningsPerShareBasic $0.63 USD 1 Quarter
Earnings per share basic (in dollars per share) EarningsPerShareBasic $0.42 USD 1 Quarter
Earnings per share - diluted (in dollars per share) EarningsPerShareDiluted $0.62 USD 1 Quarter
Earnings per share - diluted (in dollars per share) EarningsPerShareDiluted $0.42 USD 1 Quarter
Weighted average shares outstanding basic (in shares) WeightedAverageNumberOfSharesOutstandingBasic 20.93M shares 1 Quarter
Weighted average shares outstanding basic (in shares) WeightedAverageNumberOfSharesOutstandingBasic 21.55M shares 1 Quarter
Weighted average shares outstanding diluted (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 21.36M shares 1 Quarter
Weighted average shares outstanding diluted (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 21.86M shares 1 Quarter
Cash Flow Statement 66 line items
Line Item Tag Value Unit Period
Net income NetIncomeLoss $9.11M USD 1 Quarter
Net income NetIncomeLoss $13.26M USD 1 Quarter
Deferred income tax provision, net DeferredIncomeTaxesAndTaxCredits $-126.00K USD 1 Quarter
Deferred income tax provision, net DeferredIncomeTaxesAndTaxCredits $931.00K USD 1 Quarter
Provision for credit losses ProvisionForDoubtfulAccounts $-852.00K USD 1 Quarter
Provision for credit losses ProvisionForDoubtfulAccounts $2.23M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $1.20M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $1.39M USD 1 Quarter
Stock-based compensation expense ShareBasedCompensation $2.90M USD 1 Quarter
Stock-based compensation expense ShareBasedCompensation $3.40M USD 1 Quarter
Defined benefit pension plan expense PensionAndOtherPostretirementBenefitExpense $211.00K USD 1 Quarter
Defined benefit pension plan expense PensionAndOtherPostretirementBenefitExpense $252.00K USD 1 Quarter
Noncash lease expense NoncashLeaseExpense $1.52M USD 1 Quarter
Noncash lease expense NoncashLeaseExpense $1.11M USD 1 Quarter
Loss on equity method investment IncomeLossFromEquityMethodInvestments $-491.00K USD 1 Quarter
Loss on equity method investment IncomeLossFromEquityMethodInvestments $-595.00K USD 1 Quarter
Other OtherNoncashIncomeExpense $-141.00K USD 1 Quarter
Other OtherNoncashIncomeExpense $-242.00K USD 1 Quarter
Trade receivables, net IncreaseDecreaseInAccountsReceivable $20.18M USD 1 Quarter
Trade receivables, net IncreaseDecreaseInAccountsReceivable $15.00M USD 1 Quarter
Other assets IncreaseDecreaseInOtherOperatingAssets $324.00K USD 1 Quarter
Other assets IncreaseDecreaseInOtherOperatingAssets $452.00K USD 1 Quarter
Accrued payroll costs IncreaseDecreaseInEmployeeRelatedLiabilities $12.20M USD 1 Quarter
Accrued payroll costs IncreaseDecreaseInEmployeeRelatedLiabilities $2.13M USD 1 Quarter
Other liabilities IncreaseDecreaseInOtherOperatingLiabilities $5.50M USD 1 Quarter
Other liabilities IncreaseDecreaseInOtherOperatingLiabilities $3.54M USD 1 Quarter
Cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $3.00M USD 1 Quarter
Cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $22.43M USD 1 Quarter
Capital expenditures PaymentsToAcquirePropertyPlantAndEquipment $1.97M USD 1 Quarter
Capital expenditures PaymentsToAcquirePropertyPlantAndEquipment $1.35M USD 1 Quarter
Equity method investment PaymentsToAcquireEquityMethodInvestments $2.00M USD 1 Quarter
Equity method investment PaymentsToAcquireEquityMethodInvestments - USD 1 Quarter
Cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-1.97M USD 1 Quarter
Cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-3.35M USD 1 Quarter
Proceeds from credit facility ProceedsFromLinesOfCredit $35.00M USD 1 Quarter
Proceeds from credit facility ProceedsFromLinesOfCredit - USD 1 Quarter
Repurchases of common stock PaymentsForRepurchaseOfCommonStock $19.47M USD 1 Quarter
Repurchases of common stock PaymentsForRepurchaseOfCommonStock $16.31M USD 1 Quarter
Cash dividends PaymentsOfDividendsCommonStock $4.79M USD 1 Quarter
Cash dividends PaymentsOfDividendsCommonStock $4.29M USD 1 Quarter
Payments on other financing arrangements RepaymentsOfDebtAndCapitalLeaseObligations $122.00K USD 1 Quarter
Payments on other financing arrangements RepaymentsOfDebtAndCapitalLeaseObligations $328.00K USD 1 Quarter
Cash (used in) provided by financing activities NetCashProvidedByUsedInFinancingActivities $-21.22M USD 1 Quarter
Cash (used in) provided by financing activities NetCashProvidedByUsedInFinancingActivities $10.91M USD 1 Quarter
Change in cash and cash equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $11.94M USD 1 Quarter
Change in cash and cash equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $-2.15M USD 1 Quarter
Cash and cash equivalents, beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $103.49M USD Point-in-time
Cash and cash equivalents, beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $101.34M USD Point-in-time
Cash and cash equivalents, beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $19.83M USD Point-in-time
Cash and cash equivalents, beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $31.77M USD Point-in-time
Cash and cash equivalents, end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $103.49M USD Point-in-time
Cash and cash equivalents, end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $101.34M USD Point-in-time
Cash and cash equivalents, end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $19.83M USD Point-in-time
Cash and cash equivalents, end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $31.77M USD Point-in-time
Income taxes IncomeTaxesPaid $332.00K USD 1 Quarter
Income taxes IncomeTaxesPaid $399.00K USD 1 Quarter
Operating lease liabilities OperatingLeasePayments $1.69M USD 1 Quarter
Operating lease liabilities OperatingLeasePayments $1.99M USD 1 Quarter
Interest, net InterestPaidNet $634.00K USD 1 Quarter
Interest, net InterestPaidNet $541.00K USD 1 Quarter
ROU assets obtained from operating leases RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability $924.00K USD 1 Quarter
ROU assets obtained from operating leases RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability $243.00K USD 1 Quarter
Employee stock purchase plan StockIssuedDuringPeriodValueEmployeeStockPurchasePlan $142.00K USD 1 Quarter
Employee stock purchase plan StockIssuedDuringPeriodValueEmployeeStockPurchasePlan $170.00K USD 1 Quarter
Unsettled repurchases of common stock StockRepurchasesIncurredButNotYetPaid - USD 1 Quarter
Unsettled repurchases of common stock StockRepurchasesIncurredButNotYetPaid $910.00K USD 1 Quarter
Stockholders Equity 28 line items
Line Item Tag Value Unit Period
Dividend (in dollars per share) CommonStockDividendsPerShareDeclared $0.23 USD 1 Quarter
Dividend (in dollars per share) CommonStockDividendsPerShareDeclared $0.20 USD 1 Quarter
Tax benefit OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationTax $-319.00K USD 1 Quarter
Tax benefit OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationTax $-384.00K USD 1 Quarter
Accumulated derivative instrument loss, beginning of period StockholdersEquity $153.40M USD Point-in-time
Accumulated derivative instrument loss, beginning of period StockholdersEquity $167.26M USD Point-in-time
Accumulated derivative instrument loss, beginning of period StockholdersEquity $176.66M USD Point-in-time
Accumulated derivative instrument loss, beginning of period StockholdersEquity $179.94M USD Point-in-time
Net income NetIncomeLoss $9.11M USD 1 Quarter
Net income NetIncomeLoss $13.26M USD 1 Quarter
Issuance for stock-based compensation and dividends, net of forfeitures StockIssuedDuringPeriodValueShareBasedCompensation - USD 1 Quarter
Issuance for stock-based compensation and dividends, net of forfeitures StockIssuedDuringPeriodValueShareBasedCompensation - USD 1 Quarter
Stock-based compensation expense AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue $2.90M USD 1 Quarter
Stock-based compensation expense AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue $3.40M USD 1 Quarter
Employee stock purchase plan StockIssuedDuringPeriodValueEmployeeStockPurchasePlan $142.00K USD 1 Quarter
Employee stock purchase plan StockIssuedDuringPeriodValueEmployeeStockPurchasePlan $170.00K USD 1 Quarter
Dividends DividendsCommonStock $4.29M USD 1 Quarter
Dividends DividendsCommonStock $4.79M USD 1 Quarter
Defined benefit pension plans, no tax benefit OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent - USD 1 Quarter
Defined benefit pension plans, no tax benefit OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent $-47.00K USD 1 Quarter
Change in fair value of interest rate swaps, net of tax OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxParent $-1.12M USD 1 Quarter
Change in fair value of interest rate swaps, net of tax OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxParent $939.00K USD 1 Quarter
Repurchases of common stock TreasuryStockValueAcquiredCostMethod $16.31M USD 1 Quarter
Repurchases of common stock TreasuryStockValueAcquiredCostMethod $20.38M USD 1 Quarter
Accumulated derivative instrument loss, end of period StockholdersEquity $153.40M USD Point-in-time
Accumulated derivative instrument loss, end of period StockholdersEquity $167.26M USD Point-in-time
Accumulated derivative instrument loss, end of period StockholdersEquity $176.66M USD Point-in-time
Accumulated derivative instrument loss, end of period StockholdersEquity $179.94M USD Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.

NEWS
Loading article...
NEWS
Loading news...
TRENDING
Loading...