10-Q Filing

ROBERT HALF INC. CIK: 315213 Q2 2010

Filing Information

Form Type	10-Q
Accession Number	`0001193125-10-173701`
Period End Date	20100630
Filing Date	20100802
Fiscal Year	2010
Fiscal Period	Q2
XBRL Instance	rhi-20100630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 69 Income Statement 60 Cash Flow Statement 64 Stockholders Equity 8 Comprehensive Income 4

Balance Sheet 69 line items

Line Item	Tag	Value	Unit	Period
Accounts receivable, allowances	`AllowanceForDoubtfulAccountsReceivableCurrent`	$19.41M	USD	Point-in-time
Accounts receivable, allowances	`AllowanceForDoubtfulAccountsReceivableCurrent`	$21.42M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$354.76M	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$385.82M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$365.79M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$290.04M	USD	Point-in-time
Accounts receivable, less allowances of $19,405 and $21,423	`AccountsReceivableNetCurrent`	$362.39M	USD	Point-in-time
Accounts receivable, less allowances of $19,405 and $21,423	`AccountsReceivableNetCurrent`	$384.64M	USD	Point-in-time
Preferred stock, authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Preferred stock, authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Preferred stock, issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Current deferred income taxes	`DeferredTaxAssetsNetCurrent`	$94.16M	USD	Point-in-time
Current deferred income taxes	`DeferredTaxAssetsNetCurrent`	$51.64M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$128.78M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$142.81M	USD	Point-in-time
Preferred stock, outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preferred stock, outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Total current assets	`AssetsCurrent`	$897.62M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Total current assets	`AssetsCurrent`	$922.63M	USD	Point-in-time
Goodwill	`Goodwill`	$189.34M	USD	Point-in-time
Common stock, authorized	`CommonStockSharesAuthorized`	260.00M	shares	Point-in-time
Common stock, authorized	`CommonStockSharesAuthorized`	260.00M	shares	Point-in-time
Goodwill	`Goodwill`	$188.61M	USD	Point-in-time
Common stock, issued	`CommonStockSharesIssued`	147.58M	shares	Point-in-time
Other intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$77.00K	USD	Point-in-time
Common stock, issued	`CommonStockSharesIssued`	148.65M	shares	Point-in-time
Other intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$392.00K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$124.66M	USD	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	148.65M	shares	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	147.58M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$108.32M	USD	Point-in-time
Deferred and other income taxes	`DeferredTaxAssetsNetNoncurrent`	$46.52M	USD	Point-in-time
Deferred and other income taxes	`DeferredTaxAssetsNetNoncurrent`	$19.64M	USD	Point-in-time
Total assets	`Assets`	$1.21B	USD	Point-in-time
Total assets	`Assets`	$1.28B	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$101.61M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$96.63M	USD	Point-in-time
Accrued payroll costs and retirement obligations	`EmployeeRelatedLiabilitiesCurrent`	$265.25M	USD	Point-in-time
Accrued payroll costs and retirement obligations	`EmployeeRelatedLiabilitiesCurrent`	$259.31M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$1.60M	USD	Point-in-time
Current portion of notes payable and other indebtedness	`LongTermDebtCurrent`	$118.00K	USD	Point-in-time
Current portion of notes payable and other indebtedness	`LongTermDebtCurrent`	$113.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$357.66M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$366.97M	USD	Point-in-time
Notes payable and other indebtedness, less current portion	`LongTermDebtNoncurrent`	$1.72M	USD	Point-in-time
Notes payable and other indebtedness, less current portion	`LongTermDebtNoncurrent`	$1.78M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$26.07M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$14.98M	USD	Point-in-time
Total liabilities	`Liabilities`	$383.73M	USD	Point-in-time
Total liabilities	`Liabilities`	$385.45M	USD	Point-in-time
Preferred stock, $.001 par value authorized 5,000,000 shares; issued and outstanding zero shares	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $.001 par value authorized 5,000,000 shares; issued and outstanding zero shares	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $.001 par value authorized 260,000,000 shares; issued and outstanding 147,575,541 shares and 148,645,335 shares	`CommonStockValue`	$149.00K	USD	Point-in-time
Common stock, $.001 par value authorized 260,000,000 shares; issued and outstanding 147,575,541 shares and 148,645,335 shares	`CommonStockValue`	$148.00K	USD	Point-in-time
Capital surplus	`AdditionalPaidInCapital`	$797.77M	USD	Point-in-time
Capital surplus	`AdditionalPaidInCapital`	$854.08M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$45.58M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$30.90M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	-	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	-	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$828.82M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$899.81M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$1.28B	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$1.21B	USD	Point-in-time

Income Statement 60 line items

Line Item	Tag	Value	Unit	Period
Net service revenues	`SalesRevenueServicesNet`	$1.51B	USD	2 Qtrs
Net service revenues	`SalesRevenueServicesNet`	$749.89M	USD	1 Quarter
Net service revenues	`SalesRevenueServicesNet`	$1.57B	USD	2 Qtrs
Net service revenues	`SalesRevenueServicesNet`	$769.09M	USD	1 Quarter
Direct costs of services, consisting of payroll, payroll taxes, insurance costs and reimbursable expenses	`CostOfServices`	$1.01B	USD	2 Qtrs
Direct costs of services, consisting of payroll, payroll taxes, insurance costs and reimbursable expenses	`CostOfServices`	$948.28M	USD	2 Qtrs
Direct costs of services, consisting of payroll, payroll taxes, insurance costs and reimbursable expenses	`CostOfServices`	$484.83M	USD	1 Quarter
Direct costs of services, consisting of payroll, payroll taxes, insurance costs and reimbursable expenses	`CostOfServices`	$479.23M	USD	1 Quarter
Gross margin	`GrossProfit`	$557.99M	USD	2 Qtrs
Gross margin	`GrossProfit`	$558.78M	USD	2 Qtrs
Gross margin	`GrossProfit`	$265.06M	USD	1 Quarter
Gross margin	`GrossProfit`	$289.86M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$532.06M	USD	2 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$523.19M	USD	2 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$255.01M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$267.52M	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$280.00K	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$46.00K	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$315.00K	USD	2 Qtrs
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$898.00K	USD	2 Qtrs
Interest income, net	`InterestIncomeExpenseNet`	$168.00K	USD	2 Qtrs
Interest income, net	`InterestIncomeExpenseNet`	$1.07M	USD	2 Qtrs
Interest income, net	`InterestIncomeExpenseNet`	$455.00K	USD	1 Quarter
Interest income, net	`InterestIncomeExpenseNet`	$94.00K	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$10.22M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$26.91M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$22.39M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$34.65M	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$14.00M	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$12.70M	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$4.81M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$10.21M	USD	1 Quarter
Net income	`NetIncomeLoss`	$12.18M	USD	1 Quarter
Net income	`NetIncomeLoss`	$14.20M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$5.42M	USD	1 Quarter
Net income	`NetIncomeLoss`	$20.66M	USD	2 Qtrs
Net income available to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$4.80M	USD	1 Quarter
Net income available to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$11.66M	USD	1 Quarter
Net income available to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$13.11M	USD	2 Qtrs
Net income available to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$19.29M	USD	2 Qtrs
Basic	`EarningsPerShareBasic`	$0.13	USD	2 Qtrs
Basic	`EarningsPerShareBasic`	$0.09	USD	2 Qtrs
Basic	`EarningsPerShareBasic`	$0.08	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.03	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.13	USD	2 Qtrs
Diluted	`EarningsPerShareDiluted`	$0.08	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.09	USD	2 Qtrs
Diluted	`EarningsPerShareDiluted`	$0.03	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	146.66M	shares	2 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	146.44M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	143.67M	shares	2 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	143.10M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	145.00M	shares	2 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	147.04M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	144.33M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	147.09M	shares	2 Qtrs
Cash dividends declared per share	`CommonStockDividendsPerShareCashPaid`	$0.26	USD	2 Qtrs
Cash dividends declared per share	`CommonStockDividendsPerShareCashPaid`	$0.13	USD	1 Quarter
Cash dividends declared per share	`CommonStockDividendsPerShareCashPaid`	$0.12	USD	1 Quarter
Cash dividends declared per share	`CommonStockDividendsPerShareCashPaid`	$0.24	USD	2 Qtrs

Cash Flow Statement 64 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$12.18M	USD	1 Quarter
Net income	`NetIncomeLoss`	$14.20M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$5.42M	USD	1 Quarter
Net income	`NetIncomeLoss`	$20.66M	USD	2 Qtrs
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$280.00K	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$46.00K	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$315.00K	USD	2 Qtrs
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$898.00K	USD	2 Qtrs
Depreciation expense	`Depreciation`	$28.91M	USD	2 Qtrs
Depreciation expense	`Depreciation`	$32.79M	USD	2 Qtrs
Stock-based compensation expense-restricted stock and stock units	`RestrictedStockExpense`	$30.13M	USD	2 Qtrs
Stock-based compensation expense-restricted stock and stock units	`RestrictedStockExpense`	$28.97M	USD	2 Qtrs
Stock-based compensation expense-stock options	`StockOptionPlanExpense`	$558.00K	USD	2 Qtrs
Stock-based compensation expense-stock options	`StockOptionPlanExpense`	$155.00K	USD	2 Qtrs
Excess tax benefits from stock-based compensation	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$709.00K	USD	2 Qtrs
Excess tax benefits from stock-based compensation	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$1.78M	USD	2 Qtrs
Provision for deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$1.81M	USD	2 Qtrs
Provision for deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-7.18M	USD	2 Qtrs
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$-1.45M	USD	2 Qtrs
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$2.10M	USD	2 Qtrs
(Increase) decrease in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-116.82M	USD	2 Qtrs
(Increase) decrease in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$35.27M	USD	2 Qtrs
Decrease in accounts payable, accrued expenses, accrued payroll costs and retirement obligations	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-69.40M	USD	2 Qtrs
Decrease in accounts payable, accrued expenses, accrued payroll costs and retirement obligations	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-1.55M	USD	2 Qtrs
Increase (decrease) in income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$7.90M	USD	2 Qtrs
Increase (decrease) in income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-5.40M	USD	2 Qtrs
Change in other assets, net of change in other liabilities	`IncreaseDecreaseInOtherOperatingCapitalNet`	$-6.32M	USD	2 Qtrs
Change in other assets, net of change in other liabilities	`IncreaseDecreaseInOtherOperatingCapitalNet`	$-6.70M	USD	2 Qtrs
Net cash flows provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$50.98M	USD	2 Qtrs
Net cash flows provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$125.50M	USD	2 Qtrs
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$14.41M	USD	2 Qtrs
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$24.15M	USD	2 Qtrs
Decrease (increase) in trusts for employee benefits and retirement plans	`PaymentsForProceedsFromOtherInvestingActivities`	$1.25M	USD	2 Qtrs
Decrease (increase) in trusts for employee benefits and retirement plans	`PaymentsForProceedsFromOtherInvestingActivities`	$-609.00K	USD	2 Qtrs
Net cash flows used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-13.80M	USD	2 Qtrs
Net cash flows used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-25.40M	USD	2 Qtrs
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	$57.67M	USD	2 Qtrs
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	$71.76M	USD	2 Qtrs
Cash dividends paid	`PaymentsOfDividends`	$36.29M	USD	2 Qtrs
Cash dividends paid	`PaymentsOfDividends`	$38.63M	USD	2 Qtrs
Decrease in notes payable and other indebtedness	`ProceedsFromRepaymentsOfDebt`	$-55.00K	USD	2 Qtrs
Decrease in notes payable and other indebtedness	`ProceedsFromRepaymentsOfDebt`	$-51.00K	USD	2 Qtrs
Excess tax benefits from stock-based compensation	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$1.78M	USD	2 Qtrs
Excess tax benefits from stock-based compensation	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$709.00K	USD	2 Qtrs
Proceeds from exercises of stock options	`ProceedsFromStockOptionsExercised`	$17.91M	USD	2 Qtrs
Proceeds from exercises of stock options	`ProceedsFromStockOptionsExercised`	$5.38M	USD	2 Qtrs
Net cash flows used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-104.36M	USD	2 Qtrs
Net cash flows used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-74.33M	USD	2 Qtrs
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$5.28M	USD	2 Qtrs
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-8.57M	USD	2 Qtrs
Net (decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$31.06M	USD	2 Qtrs
Net (decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-75.75M	USD	2 Qtrs
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$354.76M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$385.82M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$365.79M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$290.04M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$354.76M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$385.82M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$365.79M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$290.04M	USD	Point-in-time
Interest	`InterestPaid`	$301.00K	USD	2 Qtrs
Interest	`InterestPaid`	$212.00K	USD	2 Qtrs
Income taxes, net of refunds	`IncomeTaxesPaidNet`	$12.84M	USD	2 Qtrs
Income taxes, net of refunds	`IncomeTaxesPaidNet`	$6.68M	USD	2 Qtrs

Stockholders Equity 8 line items

Line Item	Tag	Value	Unit	Period
Balance at beginning of period	`StockholdersEquity`	$828.82M	USD	Point-in-time
Balance at beginning of period	`StockholdersEquity`	$899.81M	USD	Point-in-time
Net income	`NetIncomeLoss`	$12.18M	USD	1 Quarter
Net income	`NetIncomeLoss`	$14.20M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$5.42M	USD	1 Quarter
Net income	`NetIncomeLoss`	$20.66M	USD	2 Qtrs
Balance at end of period	`StockholdersEquity`	$828.82M	USD	Point-in-time
Balance at end of period	`StockholdersEquity`	$899.81M	USD	Point-in-time

Comprehensive Income 4 line items

Line Item	Tag	Value	Unit	Period
Cash dividends, per share	`CommonStockDividendsPerShareCashPaid`	$0.26	USD	2 Qtrs
Cash dividends, per share	`CommonStockDividendsPerShareCashPaid`	$0.13	USD	1 Quarter
Cash dividends, per share	`CommonStockDividendsPerShareCashPaid`	$0.12	USD	1 Quarter
Cash dividends, per share	`CommonStockDividendsPerShareCashPaid`	$0.24	USD	2 Qtrs

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