10-Q Filing

ROBERT HALF INC. CIK: 315213 Q1 2017

Filing Information

Form Type	10-Q
Accession Number	`0001628280-17-005044`
Period End Date	20170331
Filing Date	20170505
Fiscal Year	2017
Fiscal Period	Q1
XBRL Instance	rhi-20170331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 70 Income Statement 28 Cash Flow Statement 56 Stockholders Equity 8 Comprehensive Income 6

Balance Sheet 70 line items

Line Item	Tag	Value	Unit	Period
Accounts receivable, allowances	`AllowanceForDoubtfulAccountsReceivableCurrent`	$32.05M	USD	Point-in-time
Accounts receivable, allowances	`AllowanceForDoubtfulAccountsReceivableCurrent`	$33.13M	USD	Point-in-time
Preferred stock, par value (in usd per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$214.12M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$224.58M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$260.14M	USD	Point-in-time
Preferred stock, par value (in usd per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$260.20M	USD	Point-in-time
Preferred stock, authorized (in shares)	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Preferred stock, authorized (in shares)	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Accounts receivable, less allowances of $32,047 and $33,133	`AccountsReceivableNetCurrent`	$703.23M	USD	Point-in-time
Accounts receivable, less allowances of $32,047 and $33,133	`AccountsReceivableNetCurrent`	$700.42M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$320.81M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$335.36M	USD	Point-in-time
Preferred stock, issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Total current assets	`AssetsCurrent`	$1.28B	USD	Point-in-time
Preferred stock, outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preferred stock, outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Total current assets	`AssetsCurrent`	$1.30B	USD	Point-in-time
Common stock, par value (in usd per shares)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, par value (in usd per shares)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Goodwill	`Goodwill`	$209.79M	USD	Point-in-time
Goodwill	`Goodwill`	$209.93M	USD	Point-in-time
Common stock, authorized (in shares)	`CommonStockSharesAuthorized`	260.00M	shares	Point-in-time
Other intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$3.67M	USD	Point-in-time
Common stock, authorized (in shares)	`CommonStockSharesAuthorized`	260.00M	shares	Point-in-time
Other intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$3.37M	USD	Point-in-time
Common stock, issued (in shares)	`CommonStockSharesIssued`	127.80M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$161.51M	USD	Point-in-time
Common stock, issued (in shares)	`CommonStockSharesIssued`	127.18M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$157.78M	USD	Point-in-time
Common stock, outstanding (in shares)	`CommonStockSharesOutstanding`	127.18M	shares	Point-in-time
Noncurrent deferred income taxes	`DeferredTaxAssetsLiabilitiesNetNoncurrent`	$118.76M	USD	Point-in-time
Noncurrent deferred income taxes	`DeferredTaxAssetsLiabilitiesNetNoncurrent`	$108.21M	USD	Point-in-time
Common stock, outstanding (in shares)	`CommonStockSharesOutstanding`	127.80M	shares	Point-in-time
Total assets	`Assets`	$1.78B	USD	Point-in-time
Total assets	`Assets`	$1.78B	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$135.54M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$117.31M	USD	Point-in-time
Accrued payroll and benefit costs	`EmployeeRelatedLiabilitiesCurrent`	$546.90M	USD	Point-in-time
Accrued payroll and benefit costs	`EmployeeRelatedLiabilitiesCurrent`	$539.05M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$18.22M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$5.14M	USD	Point-in-time
Current portion of notes payable and other indebtedness	`LongTermDebtCurrent`	$167.00K	USD	Point-in-time
Current portion of notes payable and other indebtedness	`LongTermDebtCurrent`	$171.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$679.90M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$682.60M	USD	Point-in-time
Notes payable and other indebtedness, less current portion	`LongTermDebtNoncurrent`	$795.00K	USD	Point-in-time
Notes payable and other indebtedness, less current portion	`LongTermDebtNoncurrent`	$840.00K	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$10.87M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$10.64M	USD	Point-in-time
Total liabilities	`Liabilities`	$691.37M	USD	Point-in-time
Total liabilities	`Liabilities`	$694.27M	USD	Point-in-time
Commitments and Contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and Contingencies	`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 127,179,468 shares and 127,796,558 shares	`CommonStockValue`	$127.00K	USD	Point-in-time
Common stock, $.001 par value authorized 260,000,000 shares; issued and outstanding 127,179,468 shares and 127,796,558 shares	`CommonStockValue`	$128.00K	USD	Point-in-time
Capital surplus	`AdditionalPaidInCapital`	$1.02B	USD	Point-in-time
Capital surplus	`AdditionalPaidInCapital`	$1.03B	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-20.50M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-15.64M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$84.56M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$64.19M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$1.08B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$1.09B	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$1.78B	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$1.78B	USD	Point-in-time

Income Statement 28 line items

Line Item	Tag	Value	Unit	Period
Net service revenues	`SalesRevenueServicesNet`	$1.29B	USD	1 Quarter
Net service revenues	`SalesRevenueServicesNet`	$1.30B	USD	1 Quarter
Direct costs of services, consisting of payroll, payroll taxes, benefit costs and reimbursable expenses	`CostOfServices`	$770.65M	USD	1 Quarter
Direct costs of services, consisting of payroll, payroll taxes, benefit costs and reimbursable expenses	`CostOfServices`	$761.54M	USD	1 Quarter
Gross margin	`GrossProfit`	$531.97M	USD	1 Quarter
Gross margin	`GrossProfit`	$525.83M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$398.07M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$400.25M	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$301.00K	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$288.00K	USD	1 Quarter
Interest income, net	`InterestIncomeExpenseNet`	$181.00K	USD	1 Quarter
Interest income, net	`InterestIncomeExpenseNet`	$223.00K	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$133.79M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$125.50M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$50.38M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$46.98M	USD	1 Quarter
Net income	`NetIncomeLoss`	$83.42M	USD	1 Quarter
Net income	`NetIncomeLoss`	$78.52M	USD	1 Quarter
Basic (in usd per share)	`EarningsPerShareBasic`	$0.63	USD	1 Quarter
Basic (in usd per share)	`EarningsPerShareBasic`	$0.65	USD	1 Quarter
Diluted (in usd per share)	`EarningsPerShareDiluted`	$0.62	USD	1 Quarter
Diluted (in usd per share)	`EarningsPerShareDiluted`	$0.64	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	125.54M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	129.28M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	126.42M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	130.14M	shares	1 Quarter
Cash dividends declared per share (in usd per share)	`CommonStockDividendsPerShareDeclared`	$0.22	USD	1 Quarter
Cash dividends declared per share (in usd per share)	`CommonStockDividendsPerShareDeclared`	$0.24	USD	1 Quarter

Cash Flow Statement 56 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$83.42M	USD	1 Quarter
Net income	`NetIncomeLoss`	$78.52M	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$301.00K	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$288.00K	USD	1 Quarter
Depreciation expense	`Depreciation`	$15.90M	USD	1 Quarter
Depreciation expense	`Depreciation`	$15.12M	USD	1 Quarter
Stock-based compensation expenserestricted stock and stock units	`RestrictedStockExpense`	$10.35M	USD	1 Quarter
Stock-based compensation expenserestricted stock and stock units	`RestrictedStockExpense`	$9.86M	USD	1 Quarter
Excess tax benefits from stock-based compensation	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$395.00K	USD	1 Quarter
Excess tax benefits from stock-based compensation	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	-	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$10.56M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-835.00K	USD	1 Quarter
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$1.23M	USD	1 Quarter
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$1.70M	USD	1 Quarter
Decrease (increase) in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-4.30M	USD	1 Quarter
Decrease (increase) in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$25.38M	USD	1 Quarter
Decrease in accounts payable, accrued expenses, accrued payroll and benefit costs	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-35.10M	USD	1 Quarter
Decrease in accounts payable, accrued expenses, accrued payroll and benefit costs	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-7.50M	USD	1 Quarter
Increase in income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$42.28M	USD	1 Quarter
Increase in income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$27.86M	USD	1 Quarter
Change in other assets, net of change in other liabilities	`IncreaseDecreaseInOtherOperatingCapitalNet`	$17.99M	USD	1 Quarter
Change in other assets, net of change in other liabilities	`IncreaseDecreaseInOtherOperatingCapitalNet`	$12.48M	USD	1 Quarter
Net cash flows provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$78.49M	USD	1 Quarter
Net cash flows provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$123.50M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$10.34M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$18.81M	USD	1 Quarter
Payments to trusts for employee deferred compensation plans	`PaymentsForProceedsFromOtherInvestingActivities`	$5.36M	USD	1 Quarter
Payments to trusts for employee deferred compensation plans	`PaymentsForProceedsFromOtherInvestingActivities`	$4.94M	USD	1 Quarter
Net cash flows used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-15.27M	USD	1 Quarter
Net cash flows used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-24.17M	USD	1 Quarter
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	$80.69M	USD	1 Quarter
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	$40.18M	USD	1 Quarter
Cash dividends paid	`PaymentsOfDividends`	$30.60M	USD	1 Quarter
Cash dividends paid	`PaymentsOfDividends`	$28.75M	USD	1 Quarter
Payments for notes payable and other indebtedness	`ProceedsFromRepaymentsOfDebt`	$-41.00K	USD	1 Quarter
Payments for notes payable and other indebtedness	`ProceedsFromRepaymentsOfDebt`	$-38.00K	USD	1 Quarter
Excess tax benefits from stock-based compensation	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	-	USD	1 Quarter
Excess tax benefits from stock-based compensation	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$395.00K	USD	1 Quarter
Proceeds from exercises of stock options	`ProceedsFromStockOptionsExercised`	$60.00K	USD	1 Quarter
Proceeds from exercises of stock options	`ProceedsFromStockOptionsExercised`	-	USD	1 Quarter
Net cash flows used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-111.33M	USD	1 Quarter
Net cash flows used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-68.51M	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$3.04M	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$3.74M	USD	1 Quarter
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-10.46M	USD	1 Quarter
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-58.00K	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$214.12M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$224.58M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$260.14M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$260.20M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$214.12M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$224.58M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$260.14M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$260.20M	USD	Point-in-time
Stock repurchases awaiting settlement	`StockRepurchasesAwaitingSettlement`	$3.12M	USD	1 Quarter
Stock repurchases awaiting settlement	`StockRepurchasesAwaitingSettlement`	$2.30M	USD	1 Quarter

Stockholders Equity 8 line items

Line Item	Tag	Value	Unit	Period
Balance at beginning of period	`StockholdersEquity`	$1.08B	USD	Point-in-time
Balance at beginning of period	`StockholdersEquity`	$1.09B	USD	Point-in-time
Foreign currency translation adjustments, net of tax	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$4.86M	USD	1 Quarter
Foreign currency translation adjustments, net of tax	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$7.99M	USD	1 Quarter
Net income	`NetIncomeLoss`	$83.42M	USD	1 Quarter
Net income	`NetIncomeLoss`	$78.52M	USD	1 Quarter
Balance at end of period	`StockholdersEquity`	$1.08B	USD	Point-in-time
Balance at end of period	`StockholdersEquity`	$1.09B	USD	Point-in-time

Comprehensive Income 6 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$83.42M	USD	1 Quarter
Net income	`NetIncomeLoss`	$78.52M	USD	1 Quarter
Foreign currency translation adjustments, net of tax	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$4.86M	USD	1 Quarter
Foreign currency translation adjustments, net of tax	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$7.99M	USD	1 Quarter
Total comprehensive income	`ComprehensiveIncomeNetOfTax`	$91.40M	USD	1 Quarter
Total comprehensive income	`ComprehensiveIncomeNetOfTax`	$83.39M	USD	1 Quarter

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