Company: HCKT
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0000950170-25-030037
Chunk: 60

Company: HACKETT GROUP, INC.
Filing Date: 2025-02-28
Form: 10-K
Item: Item 1B
Chunk 60
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 35,808

        Less accumulated depreciation

        (19,398
        )

        (15,764
        )

        $
        20,343

        $
        20,044

       Depreciation expense for the years ended December 27, 2024, December 29, 2023, and December 30, 2022 was $3.8 million, $3.4 million and $3.3 million, respectively, and is included in selling, general and administrative costs in the accompanying consolidated statements of operations.

5. Accrued Expenses and Other LiabilitiesAccrued expenses and other liabilities consist of the following (in thousands): 

        December 27,

        December 29,

        2024

        2023

        Accrued compensation and benefits
         
        $
        10,593

        $
        9,162

        Accrued bonuses

        9,284

        8,246

        Dividend payable

        3,024

        2,997

        Accrued sales, use, franchise and VAT tax

        2,632

        2,862

        Non-cash stock compensation accrual

        974

        408

        Acquisition-related liabilities

        1,788

        —

        Other accrued expenses

        2,494

        3,126

        Total accrued expenses and other liabilities
         
        $
        30,789

        $
        26,801

6. Restructuring and Asset Impairment Charge and SettlementsIn 2022, the Company recorded the settlement of the restructuring charge and asset impairments of $0.7 million related to the settlement of lease right-of use assets. As of December 27, 2024 and December 29, 2023, there was $0.1 million and $0.2 million liability remaining, respectively.

48

THE HACKETT GROUP, INC.NOTES TO CONSOLIDATED FINANCIAL STATEMENTS 

7. Lease CommitmentsThe Company has operating leases for office space and, to a much lesser extent, operating leases for equipment. The Company’s office leases are between terms of less than 1 year and 5 years. Rents usually increase annually in accordance with defined rent steps or are based on current year consumer price index adjustments. Some of the lease agreements contain one or more of the following provisions or clauses: tenant allowances