10-Q Filing

ROBERT HALF INC. CIK: 315213 Q1 2012

Filing Information

Form Type	10-Q
Accession Number	`0001193125-12-211545`
Period End Date	20120331
Filing Date	20120504
Fiscal Year	2012
Fiscal Period	Q1
XBRL Instance	rhi-20120331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 71 Income Statement 30 Cash Flow Statement 58 Stockholders Equity 10 Comprehensive Income 6

Balance Sheet 71 line items

Line Item	Tag	Value	Unit	Period
Accounts receivable, allowances	`AllowanceForDoubtfulAccountsReceivableCurrent`	$23.76M	USD	Point-in-time
Accounts receivable, allowances	`AllowanceForDoubtfulAccountsReceivableCurrent`	$22.63M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$315.14M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$281.83M	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$244.45M	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$279.34M	USD	Point-in-time
Preferred stock, authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Preferred stock, authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Accounts receivable, less allowances of $23,758 and $22,627	`AccountsReceivableNetCurrent`	$523.45M	USD	Point-in-time
Accounts receivable, less allowances of $23,758 and $22,627	`AccountsReceivableNetCurrent`	$493.33M	USD	Point-in-time
Current deferred income taxes	`DeferredTaxAssetsNetCurrent`	$88.58M	USD	Point-in-time
Current deferred income taxes	`DeferredTaxAssetsNetCurrent`	$88.86M	USD	Point-in-time
Preferred stock, issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Other current assets	`OtherAssetsCurrent`	$149.78M	USD	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`	$145.44M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.01B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.01B	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
Common stock, authorized	`CommonStockSharesAuthorized`	260.00M	shares	Point-in-time
Common stock, authorized	`CommonStockSharesAuthorized`	260.00M	shares	Point-in-time
Goodwill	`Goodwill`	$189.85M	USD	Point-in-time
Goodwill	`Goodwill`	$189.42M	USD	Point-in-time
Common stock, issued	`CommonStockSharesIssued`	142.30M	shares	Point-in-time
Other intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$50.00K	USD	Point-in-time
Common stock, issued	`CommonStockSharesIssued`	142.09M	shares	Point-in-time
Other intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$27.00K	USD	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	142.09M	shares	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	142.30M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$104.49M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$107.97M	USD	Point-in-time
Other assets	`OtherAssets`	$7.73M	USD	Point-in-time
Other assets	`OtherAssets`	$7.71M	USD	Point-in-time
Total assets	`Assets`	$1.31B	USD	Point-in-time
Total assets	`Assets`	$1.31B	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$110.25M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$117.60M	USD	Point-in-time
Accrued payroll costs and retirement obligations	`EmployeeRelatedLiabilitiesCurrent`	$355.29M	USD	Point-in-time
Accrued payroll costs and retirement obligations	`EmployeeRelatedLiabilitiesCurrent`	$330.78M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$13.78M	USD	Point-in-time
Current portion of notes payable and other indebtedness	`LongTermDebtCurrent`	$112.00K	USD	Point-in-time
Current portion of notes payable and other indebtedness	`LongTermDebtCurrent`	$111.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$473.00M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$454.91M	USD	Point-in-time
Notes payable and other indebtedness, less current portion	`LongTermDebtNoncurrent`	$1.52M	USD	Point-in-time
Notes payable and other indebtedness, less current portion	`LongTermDebtNoncurrent`	$1.54M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$36.78M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$36.53M	USD	Point-in-time
Total liabilities	`Liabilities`	$511.33M	USD	Point-in-time
Total liabilities	`Liabilities`	$492.96M	USD	Point-in-time
Commitments and Contingencies (Note G)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and Contingencies (Note G)	`CommitmentsAndContingencies`	-	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 142,302,507 shares and 142,085,533 shares	`CommonStockValue`	$142.00K	USD	Point-in-time
Common stock, $.001 par value authorized 260,000,000 shares; issued and outstanding 142,302,507 shares and 142,085,533 shares	`CommonStockValue`	$142.00K	USD	Point-in-time
Capital surplus	`AdditionalPaidInCapital`	$759.48M	USD	Point-in-time
Capital surplus	`AdditionalPaidInCapital`	$770.58M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$44.96M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$40.89M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	-	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	-	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$815.68M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$800.50M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$1.31B	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$1.31B	USD	Point-in-time

Income Statement 30 line items

Line Item	Tag	Value	Unit	Period
Net service revenues	`SalesRevenueServicesNet`	$1.02B	USD	1 Quarter
Net service revenues	`SalesRevenueServicesNet`	$880.87M	USD	1 Quarter
Direct costs of services, consisting of payroll, payroll taxes, insurance costs and reimbursable expenses	`CostOfServices`	$542.78M	USD	1 Quarter
Direct costs of services, consisting of payroll, payroll taxes, insurance costs and reimbursable expenses	`CostOfServices`	$613.36M	USD	1 Quarter
Gross margin	`GrossProfit`	$402.08M	USD	1 Quarter
Gross margin	`GrossProfit`	$338.09M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$293.69M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$322.02M	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$39.00K	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$35.00K	USD	1 Quarter
Interest income, net	`InterestIncomeExpenseNet`	$212.00K	USD	1 Quarter
Interest income, net	`InterestIncomeExpenseNet`	$234.00K	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$44.58M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$80.26M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$31.93M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$17.87M	USD	1 Quarter
Net income	`NetIncomeLoss`	$48.33M	USD	1 Quarter
Net income	`NetIncomeLoss`	$26.70M	USD	1 Quarter
Net income available to common stockholders-diluted	`NetIncomeLossAvailableToCommonStockholdersDiluted`	$48.07M	USD	1 Quarter
Net income available to common stockholders-diluted	`NetIncomeLossAvailableToCommonStockholdersDiluted`	$26.29M	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.34	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.18	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.18	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.34	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	142.65M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	139.38M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	140.44M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	144.14M	shares	1 Quarter
Cash dividends declared per share	`CommonStockDividendsPerShareDeclared`	$0.15	USD	1 Quarter
Cash dividends declared per share	`CommonStockDividendsPerShareDeclared`	$0.14	USD	1 Quarter

Cash Flow Statement 58 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$48.33M	USD	1 Quarter
Net income	`NetIncomeLoss`	$26.70M	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$39.00K	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$35.00K	USD	1 Quarter
Depreciation expense	`Depreciation`	$12.76M	USD	1 Quarter
Depreciation expense	`Depreciation`	$12.25M	USD	1 Quarter
Stock-based compensation expense-restricted stock and stock units	`RestrictedStockExpense`	$8.89M	USD	1 Quarter
Stock-based compensation expense-restricted stock and stock units	`RestrictedStockExpense`	$12.11M	USD	1 Quarter
Excess tax benefits from stock-based compensation	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$2.44M	USD	1 Quarter
Excess tax benefits from stock-based compensation	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$621.00K	USD	1 Quarter
Provision for deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-7.83M	USD	1 Quarter
Provision for deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-1.55M	USD	1 Quarter
Provision for doubtful accounts receivable	`ProvisionForDoubtfulAccounts`	$2.32M	USD	1 Quarter
Provision for doubtful accounts receivable	`ProvisionForDoubtfulAccounts`	$1.61M	USD	1 Quarter
Increase in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$28.52M	USD	1 Quarter
Increase in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$38.72M	USD	1 Quarter
Decrease in accounts payable, accrued expenses, accrued payroll costs and retirement obligations	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-6.22M	USD	1 Quarter
Decrease in accounts payable, accrued expenses, accrued payroll costs and retirement obligations	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-37.16M	USD	1 Quarter
Increase in income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$20.36M	USD	1 Quarter
Increase in income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$26.07M	USD	1 Quarter
Change in other assets, net of change in other liabilities	`IncreaseDecreaseInOtherOperatingCapitalNet`	$1.25M	USD	1 Quarter
Change in other assets, net of change in other liabilities	`IncreaseDecreaseInOtherOperatingCapitalNet`	$5.01M	USD	1 Quarter
Net cash flows provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$18.95M	USD	1 Quarter
Net cash flows provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$23.21M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$14.56M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$10.37M	USD	1 Quarter
Increase in trusts for employee benefits and retirement plans	`PaymentsForProceedsFromOtherInvestingActivities`	$1.01M	USD	1 Quarter
Increase in trusts for employee benefits and retirement plans	`PaymentsForProceedsFromOtherInvestingActivities`	$1.48M	USD	1 Quarter
Net cash flows used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-15.58M	USD	1 Quarter
Net cash flows used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-11.85M	USD	1 Quarter
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	$30.97M	USD	1 Quarter
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	$56.39M	USD	1 Quarter
Cash dividends paid	`PaymentsOfDividends`	$20.29M	USD	1 Quarter
Cash dividends paid	`PaymentsOfDividends`	$21.02M	USD	1 Quarter
Decrease in notes payable and other indebtedness	`ProceedsFromRepaymentsOfDebt`	$-32.00K	USD	1 Quarter
Decrease in notes payable and other indebtedness	`ProceedsFromRepaymentsOfDebt`	$-30.00K	USD	1 Quarter
Excess tax benefits from stock-based compensation	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$2.44M	USD	1 Quarter
Excess tax benefits from stock-based compensation	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$621.00K	USD	1 Quarter
Proceeds from exercises of stock options	`ProceedsFromStockOptionsExercised`	$9.66M	USD	1 Quarter
Proceeds from exercises of stock options	`ProceedsFromStockOptionsExercised`	$26.08M	USD	1 Quarter
Net cash flows used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-41.01M	USD	1 Quarter
Net cash flows used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-48.92M	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$2.68M	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$4.33M	USD	1 Quarter
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-34.88M	USD	1 Quarter
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-33.31M	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$315.14M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$281.83M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$244.45M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$279.34M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$315.14M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$281.83M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$244.45M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$279.34M	USD	Point-in-time
Interest	`InterestPaid`	$138.00K	USD	1 Quarter
Interest	`InterestPaid`	$107.00K	USD	1 Quarter
Income taxes, net of refunds	`IncomeTaxesPaidNet`	$4.21M	USD	1 Quarter
Income taxes, net of refunds	`IncomeTaxesPaidNet`	$7.03M	USD	1 Quarter

Stockholders Equity 10 line items

Line Item	Tag	Value	Unit	Period
Cash dividends, per share	`CommonStockDividendsPerShareDeclared`	$0.15	USD	1 Quarter
Cash dividends, per share	`CommonStockDividendsPerShareDeclared`	$0.14	USD	1 Quarter
Balance at beginning of period, value	`StockholdersEquity`	$815.68M	USD	Point-in-time
Balance at beginning of period, value	`StockholdersEquity`	$800.50M	USD	Point-in-time
Foreign currency translation adjustments, net of tax	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPeriodIncreaseDecrease`	$4.07M	USD	1 Quarter
Foreign currency translation adjustments, net of tax	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPeriodIncreaseDecrease`	$7.43M	USD	1 Quarter
Net income	`NetIncomeLoss`	$48.33M	USD	1 Quarter
Net income	`NetIncomeLoss`	$26.70M	USD	1 Quarter
Balance at end of period, value	`StockholdersEquity`	$815.68M	USD	Point-in-time
Balance at end of period, value	`StockholdersEquity`	$800.50M	USD	Point-in-time

Comprehensive Income 6 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$48.33M	USD	1 Quarter
Net income	`NetIncomeLoss`	$26.70M	USD	1 Quarter
Foreign currency translation adjustments, net of tax	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPeriodIncreaseDecrease`	$4.07M	USD	1 Quarter
Foreign currency translation adjustments, net of tax	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPeriodIncreaseDecrease`	$7.43M	USD	1 Quarter
Total comprehensive income	`ComprehensiveIncomeNetOfTax`	$34.14M	USD	1 Quarter
Total comprehensive income	`ComprehensiveIncomeNetOfTax`	$52.41M	USD	1 Quarter

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