RESOURCES CONNECTION INC
For the period ended Nov 25, 2023. Filed Jan 4, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Nov 25, 2023 · Filed Jan 4, 2024
RGP$2.70+1.5%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Financial Statements (Unaudited)Consolidated Balance Sheets as of November 25, 2023 and May 27, 2023
ITEM 1. CONSOLIDATED FINANCIAL STATEMENTS.
CONSOLIDATED BALANCE SHEETS
(In thousands, except par value per share)
| November 25, | May 27, | |
|---|---|---|
| 2023 | 2023 | |
| (Unaudited) | ||
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $95,773 | $116,784 |
| Trade accounts receivable, net of allowance for doubtful accounts of $3,142 and $3,283 as of November 25, 2023 and May 27, 2023, respectively | 129,952 | 137,356 |
| Prepaid expenses and other current assets | 8,225 | 5,187 |
| Income taxes receivable | 8,233 | 4,739 |
| Total current assets | 242,183 | 264,066 |
| Goodwill | 217,034 | 206,722 |
| Intangible assets, net | 12,416 | 11,521 |
| Property and equipment, net | 14,001 | 15,380 |
| Operating lease right-of-use assets | 14,644 | 15,856 |
| Deferred tax assets | 11,095 | 10,701 |
| Other non-current assets | 13,491 | 7,753 |
| Total assets | $524,864 | $531,999 |
| LIABILITIES AND STOCKHOLDERS’ EQUITY | ||
| Current liabilities: | ||
| Accounts payable and other accrued expenses | $17,518 | $14,464 |
| Accrued salaries and related obligations | 49,533 | 64,776 |
| Operating lease liabilities, current | 6,274 | 7,460 |
| Contingent consideration liabilities | 1,774 | - |
| Other current liabilities | 11,656 | 10,384 |
| Total current liabilities | 86,755 | 97,084 |
| Long-term debt | - | - |
| Operating lease liabilities, non-current | 10,275 | 10,274 |
| Deferred tax liabilities | 8,905 | 7,136 |
| Other non-current liabilities | 5,325 | 2,985 |
| Total liabilities | 111,260 | 117,479 |
| Commitments and contingencies (see Note 12) | ||
| Stockholders’ equity: | ||
| Preferred stock, $0.01 par value, 5,000 shares authorized; zero shares issued and outstanding | - | - |
| Common stock, $0.01 par value, 70,000 shares authorized; 35,929 and 35,545 shares issued, and 33,507 and 33,475 shares outstanding as of November 25, 2023 and May 27, 2023, respectively | 360 | 355 |
| Additional paid-in capital | 383,662 | 378,657 |
| Accumulated other comprehensive loss | (16,533) | (17,290) |
| Retained earnings | 85,926 | 87,648 |
| Treasury stock at cost, 2,422 and 2,070 shares as of November 25, 2023 and May 27, 2023, respectively | (39,811) | (34,850) |
| Total stockholders’ equity | 413,604 | 414,520 |
| Total liabilities and stockholders’ equity | $524,864 | $531,999 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.