Company: HCKT
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0000950170-25-030037
Chunk: 116

Company: HACKETT GROUP, INC.
Filing Date: 2025-02-28
Form: 10-K
Item: Item 8
Chunk 116
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    cash provided by operating activities from continuing operations:

    Depreciation expense

    3,770

    3,421

    3,283

    Amortization expense

    148

    —

    154

    Amortization of debt issuance costs

    78

    72

    82

    Provision for doubtful accounts

    878

    27

    91

    Loss (gain) on foreign currency transactions

    19

    404

    (1,353
    )

    Non-cash stock compensation expense

    19,524

    10,724

    10,267

    Deferred income tax expense (benefit)

    (346
    )

    1,365

    (480
    )

    Changes in assets and liabilities:

    (Increase) decrease in accounts receivable and contract assets

    (5,473
    )

    (3,831
    )

    2,603

    (Increase) decrease in prepaid expenses and other assets

    (203
    )

    (489
    )

    4,414

    (Decrease) increase in accounts payable

    (1,054
    )

    (1,184
    )

    1,063

    Increase (decrease) in accrued expenses and other liabilities

    364

    (2,668
    )

    (6,443
    )

    Decrease in contract liabilities

    (999
    )

    (1,191
    )

    (1,338
    )

    Increase (decrease) in income taxes payable

    1,393

    (3,400
    )

    5,759

    Net cash provided by operating activities

    47,729

    37,401

    58,904

    Cash flows from investing activities:

    Purchases of property and equipment

    (4,079
    )

    (4,101
    )

    (4,656
    )

    Acquisition of business, net of cash acquired

    (6,541
    )

    —

    —

    Net cash used in investing activities

    (10,620
    )

    (4,101
    )

    (4,656
    )

    Cash flows from financing activities:

    Debt proceeds

    —

    5,000

    60,000

    Rep