Company: KELYB
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0000055135-25-000052
Chunk: 86

Company: KELLY SERVICES INC
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 8
Chunk 86
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ance, various benefits and performance-based incentives and bonuses for these employees.(3)  For both second quarter and June year-to-date 2024, other segment expenses for each reportable segment included:•Shared services costs for IT, human resources, legal and finance support, other professional services and overhead expenses, facilities and equipment-related costs, and operational software licenses.(4)  Represents total company depreciation and amortization of intangibles, including the amortization of hosted software.

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KELLY SERVICES, INC. AND SUBSIDIARIESNOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)(UNAUDITED)

Depreciation and amortization expense is included in SG&A expenses in the consolidated statements of earnings.  Depreciation and amortization expense amounts below include amortization of implementation costs for hosted software, which are excluded in the presentation of depreciation and amortization in the consolidated statements of cash flows.  The depreciation and amortization amounts by segment are as follows:Second QuarterJune Year-to-Date 2025202420252024(In millions of dollars)Depreciation and amortization:Enterprise Talent Management$2.7 $4.8 $5.9 $9.0 Science, Engineering & Technology7.7 5.6 15.2 9.6 Education2.1 2.1 4.2 4.1 

17. New Accounting PronouncementsRecently Issued Accounting Pronouncements Not Yet AdoptedIn November 2024, the FASB issued ASU 2024-03, Comprehensive income (Topic 220): Disaggregation of Income Statement Expenses. This ASU requires additional information about certain expense categories in the notes to financial statements. The new guidance will be effective for annual periods beginning after December 15, 2026, with early adoption permitted. The Company is currently evaluating the impact of the new guidance on its consolidated financial statements and related disclosures.In December 2023, the FASB issued ASU 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures, which includes amendments to enhance income tax disclosures primarily through changes to the rate reconciliation and income taxes paid information. This ASU is effective for annual reporting periods beginning after December 15, 2024, with early adoption permitted. The Company is currently evaluating the impact of the new guidance on its consolidated financial statements and related disclosures.In October 2023, the FASB issued ASU