RESOURCES CONNECTION INC
For the period ended Aug 24, 2024. Filed Oct 4, 2024.
View on SEC.govAbout this filing
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.
Aug 24, 2024 · Filed Oct 4, 2024
RGP$2.77+2.6%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Balance Sheets as of August, 202 and May
CONSOLIDATED BALANCE SHEETS
(In thousands, except par value per share)
| August 24,2024 | May 25,2024 | |
|---|---|---|
| (Unaudited) | ||
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $89,625 | $108,892 |
| Trade accounts receivable, net of allowances of $2,640 and $2,755 as of August 24, 2024 and May 25, 2024, respectively | 106,469 | 108,515 |
| Prepaid expenses and other current assets | 7,242 | 6,888 |
| Assets held for sale | - | 8,909 |
| Income taxes receivable | 8,132 | 7,551 |
| Total current assets | 211,468 | 240,755 |
| Goodwill | 219,965 | 216,579 |
| Intangible assets, net | 23,808 | 9,573 |
| Property and equipment, net | 3,507 | 3,763 |
| Operating lease right-of-use assets | 23,398 | 11,899 |
| Deferred tax assets | 11,798 | 11,312 |
| Other non-current assets | 18,925 | 17,033 |
| Total assets | $512,869 | $510,914 |
| LIABILITIES AND STOCKHOLDERS’ EQUITY | ||
| Current liabilities: | ||
| Accounts payable and other accrued expenses | $14,019 | $15,223 |
| Accrued salaries and related obligations | 44,302 | 41,999 |
| Operating lease liabilities, current | 5,540 | 4,735 |
| Other current liabilities | 10,728 | 10,476 |
| Total current liabilities | 74,589 | 72,433 |
| Long-term debt | - | - |
| Operating lease liabilities, non-current | 19,334 | 8,586 |
| Deferred tax liabilities | 9,311 | 8,680 |
| Other non-current liabilities | 2,420 | 2,452 |
| Total liabilities | 105,654 | 92,151 |
| Commitments and contingencies (see Note 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; 36,540 and 36,194 shares issued, and 33,472 and 33,556 shares outstanding as of August 24, 2024 and May 25, 2024, respectively | 366 | 363 |
| Additional paid-in capital | 392,885 | 389,720 |
| Accumulated other comprehensive loss | (16,882) | (17,713) |
| Retained earnings | 78,048 | 88,595 |
| Treasury stock at cost, 3,068 and 2,638 shares as of August 24, 2024 and May 25, 2024, respectively | (47,202) | (42,202) |
| Total stockholders’ equity | 407,215 | 418,763 |
| Total liabilities and stockholders’ equity | $512,869 | $510,914 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.