Company: HCKT
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0000950170-25-030037
Chunk: 104

Company: HACKETT GROUP, INC.
Filing Date: 2025-02-28
Form: 10-K
Item: Item 7
Chunk 104
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 in 2023 was primarily related to the net pay down of our Credit Facility $27.0 million, dividend payments of $12.0 million and employee net vesting related tax withholding requirements of $3.8 million.

Material Cash Requirements

Debt Payments and Lease Obligations

On November 7, 2022, we amended and restated our credit agreement in order to extend the maturity date of our Credit Facility and provide the Company with an additional $55.0 million in borrowing capacity, for an aggregate amount of up to $100 million. See Note 8, “Credit Facility,” 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