Company: HCKT
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0000950170-25-030037
Chunk: 63

Company: HACKETT GROUP, INC.
Filing Date: 2025-02-28
Form: 10-K
Item: Item 1B
Chunk 63
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, respectively, as a result of the Credit Agreement. As of December 27, 2024, the Company had $0.3 million of debt issuance costs remaining which will be amortized over the remaining life of the Credit Facility. As of December 27, 2024, the Company had $13.0 million of outstanding debt, excluding $0.3 million of deferred debt costs, and as of December 29, 2023, the Company had $33.0 million of outstanding debt, excluding $0.3 million of deferred debt costs.

9. Income TaxesThe Company files federal income tax returns, as well as multiple state, local and foreign jurisdiction tax returns. A number of years may elapse before an uncertain tax position is audited and finally resolved. While it is often difficult to predict the final outcome or the timing of resolution on any particular uncertain tax position, the Company believes that its reserves for income taxes reflect the most probable outcome. The Company adjusts these reserves, as well as the related interest, in the light of changing facts and circumstances. The resolution of a matter would be recognized as an adjustment to the provision for income taxes and the effective tax rate in the period of resolution. The Company is no longer subject to examinations of its federal income tax returns by the Internal Revenue Service for years through 2020 and all significant state, local and foreign matters have been concluded for years through 2019. The components of income before income taxes from continuing operations are as follows (in thousands):  

        Year Ended

        December 27,

        December 29,

        December 30,

        2024

        2023

        2022

        Domestic
         
        $
        35,954

        $
        40,259

        $
        48,020

        Foreign

        7,040

        5,768

        7,084

        Income from continuing operations before income   taxes
         
        $
        42,994

        $
        46,027

        $
        55,104

               The components of income tax expense from continuing operations are as follows (in thousands): 

        Year Ended

        December 27,

        December 29,

        December 30,

        2024

        2023

        2022

        Current tax expense

        Federal
         
        $
        9,003

        $
        6,823

        $