Company: HCKT
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0000950170-25-030037
Chunk: 44

Company: HACKETT GROUP, INC.
Filing Date: 2025-02-28
Form: 10-K
Item: Item 1B
Chunk 44
---
    (3,782
    )

    (3,225
    )

    Repurchases of common stock

    (6,422
    )

    (734
    )

    (116,569
    )

    Net cash used in financing activities

    (41,662
    )

    (42,565
    )

    (69,736
    )

    Effect of exchange rate on cash

    (38
    )

    (33
    )

    (51
    )

    Net decrease in cash

    (4,591
    )

    (9,298
    )

    (15,539
    )

    Cash at beginning of year

    20,957

    30,255

    45,794

    Cash at end of year
     
    $
    16,366

    $
    20,957

    $
    30,255

    Supplemental disclosure of cash flow information:

    Cash paid for income taxes
     
    $
    11,638

    $
    13,257

    $
    4,550

    Cash paid for interest
     
    $
    1,901

    $
    3,470

    $
    78

    Supplemental disclosure of non-cash investing and financing activities:

    Shares issued to sellers and key personnel of LeewayHertz
     
    $
    11,869

    $
    -

    $
    -

    Dividend declared during the year and paid the following year
     
    $
    3,024

    $
    2,997

    $
    2,997

The accompanying notes are an integral part of the consolidated financial statements.

38

THE HACKETT GROUP, INC.NOTES TO CONSOLIDATED FINANCIAL STATEMENTS 

1. Basis of Presentation and General InformationNature of BusinessHackett (NASDAQ: HCKT) is a global IP platform-based Generative Artificial Intelligence ("Gen AI") strategic consulting and executive advisory digital transformation firm. The Hackett Group provides dedicated expertise in Gen AI enabled enterprise transformation services across front, mid and back office areas, including its highly recognized Oracle, SAP, OneStream and Coupa implementation offerings. In early 2024, the Company launched its AI assessment platform, AI XPLR which helps clients identify, evaluate and design Gen AI enablement opportunities.  Using AI XPLR, the Company experienced professionals guide organizations to