Company: HCKT
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0000950170-25-030037
Chunk: 98

Company: HACKETT GROUP, INC.
Filing Date: 2025-02-28
Form: 10-K
Item: Item 7
Chunk 98
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asis of Presentation and General Information,” to our consolidated financial statements included in our Annual Report on Form 10-K for the discussion of all of our critical accounting policies.

Results of Operations

Our fiscal year generally consists of a 52-week period and periodically consists of a 53-week period as each fiscal year ends on the Friday closest to December 31. Fiscal years 2024 and 2023 ended on December 27, 2024 and December 29, 2023, respectively, each consisted of a 52-week period. References to a year included in this document refer to a fiscal year rather than a calendar year.

24

The following table sets forth, for the periods indicated, our results of operations (in thousands): 

    Year Ended

    December 27,

    December 29,

    2024

    2023

    Revenue:

    Revenue before reimbursements
     
    $
    307,028

    $
    291,273

    Reimbursements

    6,827

    5,317

    Total revenue

    313,855

    296,590

    Costs and operating expenses:

    Cost of service:

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

    183,792

    174,891

    Reimbursable expenses

    6,827

    5,317

    Total cost of service

    190,619

    180,208

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

    78,546

    65,942

    Legal settlement and related costs

    102

    1,178

    Total costs and operating expenses

    269,267

    247,328

    Operating income

    44,588

    49,262

    Other expense, net:

    Interest expense, net

    (1,594
    )

    (3,235
    )

    Income from operations before income tax expense

    42,994

    46,027

    Income tax expense

    13,364

    11,876

    Net income
     
    $