Company: HCKT
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0000950170-25-030037
Chunk: 32

Company: HACKETT GROUP, INC.
Filing Date: 2025-02-28
Form: 10-K
Item: Item 1B
Chunk 32
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,” to our consolidated financial statements included in this Annual Report on Form 10-K for more information.  

27

As of December 27, 2024, we had $13.0 million of outstanding borrowings, excluding deferred debt costs, under our revolving line of credit, leaving us with borrowing capacity of approximately $87.0 million. See Note 8, “Credit Facility,” to our consolidated financial statements included in this Annual Report on Form 10-K for more information. 

The following table summarizes our future principal payments under our future Credit Facility and lease commitments under our non-cancelable operating leases as of December 27, 2024 (in thousands):

    Contractual Obligations
     
    Total

    Less Than 1 Year

    1-3 Years

    4-5 Years

    More Than5 Years

    Operating lease obligations
     
    $
     
    3,370

    $
     
    1,067

    $
     
    1,654

    $
     
    649

    $
     
    —

    Long-term debt obligations (1)

    13,000

    —

    13,000

    —

    —

    Total
     
    $
     
    16,370

    $
     
    1,067

    $
     
    14,654

    $
     
    649

    $
     
    —

(1) Excludes interest charges on borrowings, the fee on the amount of any unused commitment that we may be obligated to pay under our revolving Credit Facility as such amounts vary and the deferred debt costs.  See Note 8, “Credit Facility”, to our consolidated financial statements included in this Annual Report on Form 10-K for more information 

Capital Expenditures

As part of the LeewayHertz acquisition, the Company has committed to fund up to $10.0 million of development costs related to ZBrain AI subject to the business plans approved by the JV Board of Directors. Our capital expenditures primarily consist of investments related to the continued development of our Hackett Connect Executive Advisory member platform, our QL benchmark, Digital Transformation technologies and our Gen AI platform, AI XPLR. During the years ended December 27, 2024, and December 29, 2023, our capital expenditures were $4.1 million for both years.  We expect an increase in capital expenditures related to the continued development of the Z