RESOURCES CONNECTION INC
For the period ended Feb 24, 2024. Filed Apr 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.
Feb 24, 2024 · Filed Apr 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 February 24, 2024 and May 27, 2023
ITEM 1. CONSOLIDATED FINANCIAL STATEMENTS.
CONSOLIDATED BALANCE SHEETS
(In thousands, except par value per share)
| February 24, | May 27, | |
|---|---|---|
| 2024 | 2023 | |
| (Unaudited) | ||
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $113,836 | $116,784 |
| Trade accounts receivable, net of allowances of $2,976 and $3,283 as of February 24, 2024 and May 27, 2023, respectively | 112,111 | 137,356 |
| Prepaid expenses and other current assets | 8,405 | 5,187 |
| Assets held for sale | 8,909 | - |
| Income taxes receivable | 8,080 | 4,739 |
| Total current assets | 251,341 | 264,066 |
| Goodwill | 216,955 | 206,722 |
| Intangible assets, net | 10,902 | 11,521 |
| Property and equipment, net | 4,346 | 15,380 |
| Operating lease right-of-use assets | 13,140 | 15,856 |
| Deferred tax assets | 11,030 | 10,701 |
| Other non-current assets | 15,450 | 7,753 |
| Total assets | $523,164 | $531,999 |
| LIABILITIES AND STOCKHOLDERS’ EQUITY | ||
| Current liabilities: | ||
| Accounts payable and other accrued expenses | $17,367 | $14,464 |
| Accrued salaries and related obligations | 48,529 | 64,776 |
| Operating lease liabilities, current | 5,538 | 7,460 |
| Contingent consideration liabilities | 1,774 | - |
| Other current liabilities | 10,939 | 10,384 |
| Total current liabilities | 84,147 | 97,084 |
| Long-term debt | - | - |
| Operating lease liabilities, non-current | 9,260 | 10,274 |
| Deferred tax liabilities | 9,567 | 7,136 |
| Other non-current liabilities | 5,330 | 2,985 |
| Total liabilities | 108,304 | 117,479 |
| Commitments and contingencies (see Note 8 and 13) | ||
| 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; 36,194 and 35,545 shares issued, and 33,808 and 33,475 shares outstanding as of February 24, 2024 and May 27, 2023, respectively | 363 | 355 |
| Additional paid-in capital | 387,933 | 378,657 |
| Accumulated other comprehensive loss | (17,211) | (17,290) |
| Retained earnings | 82,977 | 87,648 |
| Treasury stock at cost, 2,386 and 2,070 shares as of February 24, 2024 and May 27, 2023, respectively | (39,202) | (34,850) |
| Total stockholders’ equity | 414,860 | 414,520 |
| Total liabilities and stockholders’ equity | $523,164 | $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.