Company: HCKT
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0000950170-25-030037
Chunk: 114

Company: HACKETT GROUP, INC.
Filing Date: 2025-02-28
Form: 10-K
Item: Item 8
Chunk 114
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 181,428

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

34

THE HACKETT GROUP, INC.

CONSOLIDATED STATEMENTS OF OPERATIONS

(in thousands, except per share data)

    Year Ended

    December 27,

    December 29,

    December 30,

    2024

    2023

    2022

    Revenue:

    Revenue before reimbursements
     
    $
    307,028

    $
    291,273

    $
    289,688

    Reimbursements

    6,827

    5,317

    4,054

    Total revenue

    313,855

    296,590

    293,742

    Costs and operating expenses:

    Cost of service:

    Personnel costs before reimbursable expenses    (includes $10,491,  $6,238 and $6,201 of stock compensation    expense in 2024, 2023 and 2022, respectively)

    183,792

    174,891

    174,112

    Reimbursable expenses

    6,827

    5,317

    4,054

    Total cost of service

    190,619

    180,208

    178,166

    Selling, general and administrative costs       (includes $9,033, $4,486 and $4,066 of stock compensation      expense in 2024, 2023 and 2022, respectively)

    78,546

    65,942

    60,979

    Restructuring and asset impairment settlement

    —

    —

    (651
    )

    Legal settlement and related costs

    102

    1,178

    —

    Total costs and operating expenses

    269,267

    247,328

    238,494

    Operating income

    44,588

    49,262

    55,248

    Other expense, net:

    Interest expense, net

    (1,594
    )

    (3,235
    )

    (144
    )

    Income from before income tax expense

    42,994

    46,027

    55,104

    Income tax expense

    13,