10-Q Filing

ROBERT HALF INC. CIK: 315213 Q3 2010

Filing Information

Form Type	10-Q
Accession Number	`0001193125-10-249701`
Period End Date	20100930
Filing Date	20101105
Fiscal Year	2010
Fiscal Period	Q3
XBRL Instance	rhi-20100930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 69 Income Statement 60 Cash Flow Statement 65 Stockholders Equity 8 Comprehensive Income 4

Balance Sheet 69 line items

Line Item	Tag	Value	Unit	Period
Accounts receivable, allowances	`AllowanceForDoubtfulAccountsReceivableCurrent`	$21.17M	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
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$311.06M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$407.64M	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`	$365.79M	USD	Point-in-time
Preferred stock, authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Accounts receivable, less allowances of $21,166 and $21,423	`AccountsReceivableNetCurrent`	$427.77M	USD	Point-in-time
Preferred stock, authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Accounts receivable, less allowances of $21,166 and $21,423	`AccountsReceivableNetCurrent`	$362.39M	USD	Point-in-time
Preferred stock, issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Current deferred income taxes	`DeferredTaxAssetsNetCurrent`	$51.64M	USD	Point-in-time
Current deferred income taxes	`DeferredTaxAssetsNetCurrent`	$101.94M	USD	Point-in-time
Preferred stock, issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preferred stock, outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Other current assets	`OtherAssetsCurrent`	$129.91M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$142.81M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$922.63M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Total current assets	`AssetsCurrent`	$970.67M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Goodwill	`Goodwill`	$189.34M	USD	Point-in-time
Goodwill	`Goodwill`	$189.31M	USD	Point-in-time
Common stock, authorized	`CommonStockSharesAuthorized`	260.00M	shares	Point-in-time
Common stock, authorized	`CommonStockSharesAuthorized`	260.00M	shares	Point-in-time
Common stock, issued	`CommonStockSharesIssued`	148.65M	shares	Point-in-time
Other intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$392.00K	USD	Point-in-time
Other intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$31.00K	USD	Point-in-time
Common stock, issued	`CommonStockSharesIssued`	147.13M	shares	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`	147.13M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$103.78M	USD	Point-in-time
Deferred and other income taxes	`DeferredTaxAssetsNetNoncurrent`	$20.44M	USD	Point-in-time
Deferred and other income taxes	`DeferredTaxAssetsNetNoncurrent`	$46.52M	USD	Point-in-time
Total assets	`Assets`	$1.28B	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`	$106.94M	USD	Point-in-time
Accrued payroll costs and retirement obligations	`EmployeeRelatedLiabilitiesCurrent`	$265.25M	USD	Point-in-time
Accrued payroll costs and retirement obligations	`EmployeeRelatedLiabilitiesCurrent`	$283.47M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$14.18M	USD	Point-in-time
Current portion of notes payable and other indebtedness	`LongTermDebtCurrent`	$120.00K	USD	Point-in-time
Current portion of notes payable and other indebtedness	`LongTermDebtCurrent`	$113.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$366.97M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$404.72M	USD	Point-in-time
Notes payable and other indebtedness, less current portion	`LongTermDebtNoncurrent`	$1.69M	USD	Point-in-time
Notes payable and other indebtedness, less current portion	`LongTermDebtNoncurrent`	$1.78M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$14.98M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$27.49M	USD	Point-in-time
Total liabilities	`Liabilities`	$383.73M	USD	Point-in-time
Total liabilities	`Liabilities`	$433.89M	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 147,133,724 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 147,133,724 shares and 148,645,335 shares	`CommonStockValue`	$147.00K	USD	Point-in-time
Capital surplus	`AdditionalPaidInCapital`	$802.76M	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`	$47.43M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	-	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	-	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$850.34M	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`	$1.28B	USD	Point-in-time

Income Statement 60 line items

Line Item	Tag	Value	Unit	Period
Net service revenues	`SalesRevenueServicesNet`	$2.32B	USD	3 Qtrs
Net service revenues	`SalesRevenueServicesNet`	$725.91M	USD	1 Quarter
Net service revenues	`SalesRevenueServicesNet`	$817.26M	USD	1 Quarter
Net service revenues	`SalesRevenueServicesNet`	$2.30B	USD	3 Qtrs
Direct costs of services, consisting of payroll, payroll taxes, insurance costs and reimbursable expenses	`CostOfServices`	$1.47B	USD	3 Qtrs
Direct costs of services, consisting of payroll, payroll taxes, insurance costs and reimbursable expenses	`CostOfServices`	$459.50M	USD	1 Quarter
Direct costs of services, consisting of payroll, payroll taxes, insurance costs and reimbursable expenses	`CostOfServices`	$1.46B	USD	3 Qtrs
Direct costs of services, consisting of payroll, payroll taxes, insurance costs and reimbursable expenses	`CostOfServices`	$508.12M	USD	1 Quarter
Gross margin	`GrossProfit`	$825.20M	USD	3 Qtrs
Gross margin	`GrossProfit`	$867.13M	USD	3 Qtrs
Gross margin	`GrossProfit`	$266.41M	USD	1 Quarter
Gross margin	`GrossProfit`	$309.14M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$795.16M	USD	3 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$248.87M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$271.98M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$780.93M	USD	3 Qtrs
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$362.00K	USD	3 Qtrs
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$281.00K	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$1.18M	USD	3 Qtrs
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$46.00K	USD	1 Quarter
Interest income, net	`InterestIncomeExpenseNet`	$321.00K	USD	3 Qtrs
Interest income, net	`InterestIncomeExpenseNet`	$159.00K	USD	1 Quarter
Interest income, net	`InterestIncomeExpenseNet`	$153.00K	USD	1 Quarter
Interest income, net	`InterestIncomeExpenseNet`	$1.23M	USD	3 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$37.27M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$44.32M	USD	3 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$17.42M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$71.92M	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$7.89M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$16.64M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$30.64M	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$20.59M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$41.28M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$20.62M	USD	1 Quarter
Net income	`NetIncomeLoss`	$9.53M	USD	1 Quarter
Net income	`NetIncomeLoss`	$23.73M	USD	3 Qtrs
Net income available to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$20.10M	USD	1 Quarter
Net income available to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$22.10M	USD	3 Qtrs
Net income available to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$39.43M	USD	3 Qtrs
Net income available to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$8.99M	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.15	USD	3 Qtrs
Basic	`EarningsPerShareBasic`	$0.06	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.14	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.28	USD	3 Qtrs
Diluted	`EarningsPerShareDiluted`	$0.06	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.15	USD	3 Qtrs
Diluted	`EarningsPerShareDiluted`	$0.14	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.27	USD	3 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	142.23M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	146.51M	shares	3 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	143.18M	shares	3 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	146.23M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	143.00M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	147.12M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	144.33M	shares	3 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	147.10M	shares	3 Qtrs
Cash dividends declared per share	`CommonStockDividendsPerShareDeclared`	$0.12	USD	1 Quarter
Cash dividends declared per share	`CommonStockDividendsPerShareDeclared`	$0.39	USD	3 Qtrs
Cash dividends declared per share	`CommonStockDividendsPerShareDeclared`	$0.36	USD	3 Qtrs
Cash dividends declared per share	`CommonStockDividendsPerShareDeclared`	$0.13	USD	1 Quarter

Cash Flow Statement 65 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$41.28M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$20.62M	USD	1 Quarter
Net income	`NetIncomeLoss`	$9.53M	USD	1 Quarter
Net income	`NetIncomeLoss`	$23.73M	USD	3 Qtrs
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$362.00K	USD	3 Qtrs
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$281.00K	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$1.18M	USD	3 Qtrs
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$46.00K	USD	1 Quarter
Depreciation expense	`Depreciation`	$42.37M	USD	3 Qtrs
Depreciation expense	`Depreciation`	$48.25M	USD	3 Qtrs
Stock-based compensation expense-restricted stock and stock units	`RestrictedStockExpense`	$45.20M	USD	3 Qtrs
Stock-based compensation expense-restricted stock and stock units	`RestrictedStockExpense`	$43.04M	USD	3 Qtrs
Stock-based compensation expense-stock options	`StockOptionPlanExpense`	$711.00K	USD	3 Qtrs
Stock-based compensation expense-stock options	`StockOptionPlanExpense`	$170.00K	USD	3 Qtrs
Excess tax benefits from stock-based compensation	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$917.00K	USD	3 Qtrs
Excess tax benefits from stock-based compensation	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$2.37M	USD	3 Qtrs
Provision for deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-14.95M	USD	3 Qtrs
Provision for deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$2.60M	USD	3 Qtrs
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$-2.24M	USD	3 Qtrs
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$5.41M	USD	3 Qtrs
(Increase) decrease in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$71.19M	USD	3 Qtrs
(Increase) decrease in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-132.26M	USD	3 Qtrs
Increase (decrease) in accounts payable, accrued expenses, accrued payroll costs and retirement obligations	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-62.37M	USD	3 Qtrs
Increase (decrease) in accounts payable, accrued expenses, accrued payroll costs and retirement obligations	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$24.53M	USD	3 Qtrs
Increase (decrease) in income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-3.01M	USD	3 Qtrs
Increase (decrease) in income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$19.77M	USD	3 Qtrs
Change in other assets, net of change in other liabilities	`IncreaseDecreaseInOtherOperatingCapitalNet`	$-11.59M	USD	3 Qtrs
Change in other assets, net of change in other liabilities	`IncreaseDecreaseInOtherOperatingCapitalNet`	$-8.40M	USD	3 Qtrs
Net cash flows provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$101.47M	USD	3 Qtrs
Net cash flows provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$192.35M	USD	3 Qtrs
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$22.05M	USD	3 Qtrs
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$31.00M	USD	3 Qtrs
Increase in trusts for employee benefits and retirement plans	`PaymentsForProceedsFromOtherInvestingActivities`	$3.36M	USD	3 Qtrs
Increase in trusts for employee benefits and retirement plans	`PaymentsForProceedsFromOtherInvestingActivities`	$612.00K	USD	3 Qtrs
Net cash flows used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-22.66M	USD	3 Qtrs
Net cash flows used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-34.36M	USD	3 Qtrs
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	$86.61M	USD	3 Qtrs
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	$83.19M	USD	3 Qtrs
Cash dividends paid	`PaymentsOfDividends`	$57.61M	USD	3 Qtrs
Cash dividends paid	`PaymentsOfDividends`	$54.39M	USD	3 Qtrs
Decrease in notes payable and other indebtedness	`ProceedsFromRepaymentsOfDebt`	$-84.00K	USD	3 Qtrs
Decrease in notes payable and other indebtedness	`ProceedsFromRepaymentsOfDebt`	$-78.00K	USD	3 Qtrs
Excess tax benefits from stock-based compensation	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$917.00K	USD	3 Qtrs
Excess tax benefits from stock-based compensation	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$2.37M	USD	3 Qtrs
Proceeds from exercises of stock options	`ProceedsFromStockOptionsExercised`	$6.08M	USD	3 Qtrs
Proceeds from exercises of stock options	`ProceedsFromStockOptionsExercised`	$22.14M	USD	3 Qtrs
Net cash flows used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-133.89M	USD	3 Qtrs
Net cash flows used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-116.57M	USD	3 Qtrs
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$340.00K	USD	3 Qtrs
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$11.47M	USD	3 Qtrs
Net (decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-54.74M	USD	3 Qtrs
Net (decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$52.88M	USD	3 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`	$311.06M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$407.64M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$365.79M	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`	$311.06M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$407.64M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$365.79M	USD	Point-in-time
Interest	`InterestPaid`	$320.00K	USD	3 Qtrs
Interest	`InterestPaid`	$454.00K	USD	3 Qtrs
Income taxes, net of refunds	`IncomeTaxesPaidNet`	$23.54M	USD	3 Qtrs
Income taxes, net of refunds	`IncomeTaxesPaidNet`	$10.41M	USD	3 Qtrs
Stock repurchases awaiting settlement	`AmountsPayableRelatedToCommonStockRepurchased`	$5.00M	USD	3 Qtrs

Stockholders Equity 8 line items

Line Item	Tag	Value	Unit	Period
Balance at beginning of period	`StockholdersEquity`	$850.34M	USD	Point-in-time
Balance at beginning of period	`StockholdersEquity`	$899.81M	USD	Point-in-time
Net income	`NetIncomeLoss`	$41.28M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$20.62M	USD	1 Quarter
Net income	`NetIncomeLoss`	$9.53M	USD	1 Quarter
Net income	`NetIncomeLoss`	$23.73M	USD	3 Qtrs
Balance at end of period	`StockholdersEquity`	$850.34M	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	`CommonStockDividendsPerShareDeclared`	$0.12	USD	1 Quarter
Cash dividends, per share	`CommonStockDividendsPerShareDeclared`	$0.39	USD	3 Qtrs
Cash dividends, per share	`CommonStockDividendsPerShareDeclared`	$0.36	USD	3 Qtrs
Cash dividends, per share	`CommonStockDividendsPerShareDeclared`	$0.13	USD	1 Quarter

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