Company: KELYB
Filing Date: 2025-02-13
Form Type: 10-K
Source: 0000055135-25-000007
Chunk: 53

Company: KELLY SERVICES INC
Filing Date: 2025-02-13
Form: 10-K
Item: Item 8
Chunk 53
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.  The Company paid income taxes of $10.9 million in 2024, $8.9 million in 2023 and $61.2 million in 2022.Non-cash capital accruals totaled $1.6 million, $0.4 million and $1.2 million at year-end 2024, 2023 and 2022, respectively.

21. CommitmentsIn addition to lease agreements (see Leases footnote) and the indemnification agreements related to the sale of our EMEA staffing and Brazil operations (see Acquisitions and Dispositions footnote), the Company has entered into non-cancelable purchase obligations totaling $72.5 million.  These obligations relate primarily to technology services and online tools which the Company expects to utilize generally within the next three fiscal years, in the ordinary course of business.  The Company has no material unrecorded commitments, losses, contingencies or guarantees associated with any related parties or unconsolidated entities.  See the Debt and Retirement Benefits footnotes for commitments related to debt and pension obligations.

22. ContingenciesThe Company is continuously engaged in litigation, threatened litigation, claims, audits or investigations arising in the ordinary course of its business, such as matters alleging employment discrimination, wage and hour violations, claims for indemnification or liability, violations of privacy rights, anti-competition regulations, commercial and contractual disputes, and tax-related matters which could result in a material adverse outcome.We record accruals for loss contingencies when we believe it is probable that a liability has been incurred and the amount of loss can be reasonably estimated.  Such accruals are recorded in accounts payable and accrued liabilities and in accrued workers’ compensation and other claims in the consolidated balance sheet.  At year-end 2024 and 2023, the gross accrual for litigation costs amounted to $1.5 million and $6.4 million, of which $1.5 million was held for sale (see Acquisitions and Dispositions footnote), respectively.The Company maintains insurance coverage which may cover certain losses.  When losses exceed the applicable policy deductible and realization of recovery of the loss from existing insurance policies is deemed probable, the Company records receivables from the insurance company for the excess amount, which are included in prepaid expenses and other current assets and other assets in the consolidated balance sheet.  At year-end 2024, there were no related insurance receivables.  At year-end 2023, the related insurance receivables amounted to $0.2