$HSII
HEIDRICK & STRUGGLES INTERNATIONAL INC

2014 Q2 Form 10-Q Financial Statement

#000119312514284602 Filed on July 29, 2014

View on sec.gov

Income Statement

Concept 2014 Q2 2013 Q2
Revenue $141.0M $127.3M
YoY Change 10.7% 4.58%
Cost Of Revenue $4.900M $5.300M
YoY Change -7.55%
Gross Profit $136.1M $122.0M
YoY Change 11.56%
Gross Profit Margin 96.55% 95.82%
Selling, General & Admin $123.6M $116.3M
YoY Change 6.28% 6.89%
% of Gross Profit 90.82% 95.33%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $2.400M $2.400M
YoY Change 0.0% -4.0%
% of Gross Profit 1.76% 1.97%
Operating Expenses $128.4M $121.6M
YoY Change 5.64% 5.71%
Operating Profit $12.51M $5.742M
YoY Change 117.9% -14.79%
Interest Expense -$100.0K -$100.0K
YoY Change 0.0% -150.0%
% of Operating Profit -0.8% -1.74%
Other Income/Expense, Net $232.0K -$690.0K
YoY Change -133.62% -44.58%
Pretax Income $12.74M $5.052M
YoY Change 152.26% -8.05%
Income Tax $8.957M $3.115M
% Of Pretax Income 70.28% 61.66%
Net Earnings $3.787M $1.937M
YoY Change 95.51% 4.59%
Net Earnings / Revenue 2.69% 1.52%
Basic Earnings Per Share $0.21 $0.11
Diluted Earnings Per Share $0.21 $0.11
COMMON SHARES
Basic Shares Outstanding 18.22M shares 18.08M shares
Diluted Shares Outstanding 18.38M shares 18.22M shares

Balance Sheet

Concept 2014 Q2 2013 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $123.4M $99.70M
YoY Change 23.77% 2.89%
Cash & Equivalents $123.4M $99.70M
Short-Term Investments
Other Short-Term Assets $1.698M $2.597M
YoY Change -34.62% -90.98%
Inventory
Prepaid Expenses $16.59M $14.20M
Receivables $105.0M $90.87M
Other Receivables $15.50M $17.60M
Total Short-Term Assets $269.8M $232.4M
YoY Change 16.07% 1.36%
LONG-TERM ASSETS
Property, Plant & Equipment $32.11M $37.57M
YoY Change -14.54% -14.42%
Goodwill $124.0M $119.9M
YoY Change 3.35%
Intangibles
YoY Change
Long-Term Investments $14.70M $12.80M
YoY Change 14.84% 14.29%
Other Assets $7.184M $5.401M
YoY Change 33.01% -90.42%
Total Long-Term Assets $256.4M $258.2M
YoY Change -0.69% 26.18%
TOTAL ASSETS
Total Short-Term Assets $269.8M $232.4M
Total Long-Term Assets $256.4M $258.2M
Total Assets $526.1M $490.6M
YoY Change 7.25% 13.06%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $5.485M $7.454M
YoY Change -26.42% -6.83%
Accrued Expenses $80.90M $62.90M
YoY Change 28.62% -7.09%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $6.000M $6.000M
YoY Change 0.0%
Total Short-Term Liabilities $158.5M $128.1M
YoY Change 23.77% 16.0%
LONG-TERM LIABILITIES
Long-Term Debt $26.50M $32.50M
YoY Change -18.46%
Other Long-Term Liabilities $52.04M $47.88M
YoY Change 8.67% -34.13%
Total Long-Term Liabilities $118.0M $118.1M
YoY Change -0.06% 62.48%
TOTAL LIABILITIES
Total Short-Term Liabilities $158.5M $128.1M
Total Long-Term Liabilities $118.0M $118.1M
Total Liabilities $276.6M $246.2M
YoY Change 12.34% 34.38%
SHAREHOLDERS EQUITY
Retained Earnings $46.67M $47.61M
YoY Change -1.97%
Common Stock $196.0K $196.0K
YoY Change 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $44.56M $48.90M
YoY Change -8.88%
Treasury Stock Shares 1.355M shares 1.484M shares
Shareholders Equity $249.6M $244.4M
YoY Change
Total Liabilities & Shareholders Equity $526.1M $490.6M
YoY Change 7.25% 13.06%

Cashflow Statement

Concept 2014 Q2 2013 Q2
OPERATING ACTIVITIES
Net Income $3.787M $1.937M
YoY Change 95.51% 4.59%
Depreciation, Depletion And Amortization $2.400M $2.400M
YoY Change 0.0% -4.0%
Cash From Operating Activities $29.90M $20.60M
YoY Change 45.15% -7.21%
INVESTING ACTIVITIES
Capital Expenditures -$800.0K -$500.0K
YoY Change 60.0% -81.48%
Acquisitions
YoY Change
Other Investing Activities -$100.0K $0.00
YoY Change -100.0%
Cash From Investing Activities -$900.0K -$500.0K
YoY Change 80.0% -82.14%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -7.200M -4.500M
YoY Change 60.0% 40.63%
NET CHANGE
Cash From Operating Activities 29.90M 20.60M
Cash From Investing Activities -900.0K -500.0K
Cash From Financing Activities -7.200M -4.500M
Net Change In Cash 21.80M 15.60M
YoY Change 39.74% -3.7%
FREE CASH FLOW
Cash From Operating Activities $29.90M $20.60M
Capital Expenditures -$800.0K -$500.0K
Free Cash Flow $30.70M $21.10M
YoY Change 45.5% -15.26%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2011Q2 us-gaap Line Of Credit Facility Maximum Borrowing Capacity
LineOfCreditFacilityMaximumBorrowingCapacity
75000000
CY2014Q3 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
18231119 shares
CY2013Q2 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
2500000
CY2013Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
99695000
CY2014Q2 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
19585777 shares
CY2014Q2 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
18231119 shares
CY2014Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
100000000 shares
CY2014Q2 us-gaap Treasury Stock Shares
TreasuryStockShares
1354658 shares
CY2014Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2014Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
10000000 shares
CY2014Q2 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2014Q2 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2014Q2 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
24476000
CY2014Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
66781000
CY2014Q2 us-gaap Preferred Stock Value
PreferredStockValue
CY2014Q2 us-gaap Liabilities Current
LiabilitiesCurrent
158504000
CY2014Q2 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
4560000
CY2014Q2 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
5648000
CY2014Q2 us-gaap Liabilities Noncurrent
LiabilitiesNoncurrent
118048000
CY2014Q2 us-gaap Guarantee Obligations Maximum Exposure
GuaranteeObligationsMaximumExposure
2400000
CY2014Q2 us-gaap Common Stock Value
CommonStockValue
196000
CY2014Q2 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
CY2014Q2 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
16657000
CY2014Q2 us-gaap Accounts Payable Current
AccountsPayableCurrent
5485000
CY2014Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
46668000
CY2014Q2 us-gaap Long Term Debt Current
LongTermDebtCurrent
6000000
CY2014Q2 us-gaap Stockholders Equity
StockholdersEquity
249595000
CY2014Q2 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
52037000
CY2014Q2 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
26500000
CY2014Q2 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
526147000
CY2014Q2 us-gaap Income Tax Examination Liability Refund Adjustment From Settlement With Taxing Authority
IncomeTaxExaminationLiabilityRefundAdjustmentFromSettlementWithTaxingAuthority
3900000
CY2014Q2 us-gaap Income Tax Examination Liability Refund Adjustment From Settlement With Taxing Authority
IncomeTaxExaminationLiabilityRefundAdjustmentFromSettlementWithTaxingAuthority
6700000
CY2014Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
-16984000
CY2014Q2 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
230631000
CY2014Q2 us-gaap Other Accrued Liabilities Noncurrent
OtherAccruedLiabilitiesNoncurrent
1033000
CY2014Q2 us-gaap Deferred Revenue Current
DeferredRevenueCurrent
36023000
CY2014Q2 us-gaap Line Of Credit
LineOfCredit
0
CY2014Q2 us-gaap Liabilities
Liabilities
276552000
CY2014Q2 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
80872000
CY2014Q2 us-gaap Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent
PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent
39511000
CY2014Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
123350000
CY2014Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
3600000
CY2014Q2 us-gaap Goodwill
Goodwill
123970000
CY2014Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
32109000
CY2014Q2 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
55000
CY2014Q2 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
27365000
CY2014Q2 us-gaap Available For Sale Securities
AvailableForSaleSecurities
14112000
CY2014Q2 us-gaap Defined Benefit Plan Assets For Plan Benefits Noncurrent
DefinedBenefitPlanAssetsForPlanBenefitsNoncurrent
22618000
CY2014Q2 us-gaap Defined Benefit Plan Fair Value Of Plan Assets
DefinedBenefitPlanFairValueOfPlanAssets
24220000
CY2014Q2 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
8166000
CY2014Q2 us-gaap Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
8111000
CY2014Q2 us-gaap Accounts And Other Receivables Net Current
AccountsAndOtherReceivablesNetCurrent
8347000
CY2014Q2 us-gaap Deferred Tax Assets Net Noncurrent
DeferredTaxAssetsNetNoncurrent
23638000
CY2014Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
24007000
CY2014Q2 us-gaap Assets Noncurrent
AssetsNoncurrent
256376000
CY2014Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
2800000
CY2014Q2 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
98890000
CY2014Q2 us-gaap Interest Rate Cash Flow Hedge Derivative At Fair Value Net
InterestRateCashFlowHedgeDerivativeAtFairValueNet
75000
CY2014Q2 us-gaap Long Term Investments
LongTermInvestments
14739000
CY2014Q2 us-gaap Assets
Assets
526147000
CY2014Q2 us-gaap Deferred Tax Assets Net Current
DeferredTaxAssetsNetCurrent
7536000
CY2014Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
4700000
CY2014Q2 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
105011000
CY2014Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
5500000
CY2014Q2 us-gaap Income Taxes Receivable
IncomeTaxesReceivable
7187000
CY2014Q2 us-gaap Other Assets Current
OtherAssetsCurrent
1698000
CY2014Q2 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
7184000
CY2014Q2 us-gaap Treasury Stock Value
TreasuryStockValue
44557000
CY2014Q2 us-gaap Assets Current
AssetsCurrent
269771000
CY2014Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
4500000
CY2014Q2 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
40991000
CY2014Q2 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
16587000
CY2014Q2 hsii Accrued Salaries And Employee Benefits Noncurrent
AccruedSalariesAndEmployeeBenefitsNoncurrent
27254000
CY2014Q2 hsii Warrants And Equity Securities Fair Value Disclosure
WarrantsAndEquitySecuritiesFairValueDisclosure
627000
CY2014Q2 hsii Business Acquisition Purchase Price Allocation Liabilities Earnout Payment
BusinessAcquisitionPurchasePriceAllocationLiabilitiesEarnoutPayment
7643000
CY2014Q2 hsii Accrued Premises Related Cost Non Current
AccruedPremisesRelatedCostNonCurrent
16107000
CY2014Q2 hsii Acquisition Earnout Accruals
AcquisitionEarnoutAccruals
-11669000
CY2012Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
117605000
CY2013Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
19585777 shares
CY2013Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
18134129 shares
CY2013Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
100000000 shares
CY2013Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
1451648 shares
CY2013Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2013Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
10000000 shares
CY2013Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2013Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2013Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
18938000
CY2013Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
71621000
CY2013Q4 us-gaap Preferred Stock Value
PreferredStockValue
CY2013Q4 us-gaap Liabilities Current
LiabilitiesCurrent
175787000
CY2013Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
4709000
CY2013Q4 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
5401000
CY2013Q4 us-gaap Liabilities Noncurrent
LiabilitiesNoncurrent
129564000
CY2013Q4 us-gaap Common Stock Value
CommonStockValue
196000
CY2013Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
CY2013Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
14969000
CY2013Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
7791000
CY2013Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
48511000
CY2013Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
6000000
CY2013Q4 us-gaap Stockholders Equity
StockholdersEquity
247873000
CY2013Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
61329000
CY2013Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
29500000
CY2013Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
553224000
CY2013Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
-14137000
CY2013Q4 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
232008000
CY2013Q4 us-gaap Other Accrued Liabilities Noncurrent
OtherAccruedLiabilitiesNoncurrent
2260000
CY2013Q4 us-gaap Deferred Revenue Current
DeferredRevenueCurrent
27714000
CY2013Q4 us-gaap Line Of Credit
LineOfCredit
0
CY2013Q4 us-gaap Liabilities
Liabilities
305351000
CY2013Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
109943000
CY2013Q4 us-gaap Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent
PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent
38735000
CY2013Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
181646000
CY2013Q4 us-gaap Goodwill
Goodwill
123274000
CY2013Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
34961000
CY2013Q4 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
130000
CY2013Q4 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
24287000
CY2013Q4 us-gaap Available For Sale Securities
AvailableForSaleSecurities
13232000
CY2013Q4 us-gaap Defined Benefit Plan Assets For Plan Benefits Noncurrent
DefinedBenefitPlanAssetsForPlanBenefitsNoncurrent
22685000
CY2013Q4 us-gaap Defined Benefit Plan Fair Value Of Plan Assets
DefinedBenefitPlanFairValueOfPlanAssets
24312000
CY2013Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
8008000
CY2013Q4 us-gaap Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
7878000
CY2013Q4 us-gaap Accounts And Other Receivables Net Current
AccountsAndOtherReceivablesNetCurrent
6906000
CY2013Q4 us-gaap Deferred Tax Assets Net Noncurrent
DeferredTaxAssetsNetNoncurrent
27474000
CY2013Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
26637000
CY2013Q4 us-gaap Assets Noncurrent
AssetsNoncurrent
262450000
CY2013Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
106582000
CY2013Q4 us-gaap Interest Rate Cash Flow Hedge Derivative At Fair Value Net
InterestRateCashFlowHedgeDerivativeAtFairValueNet
180000
CY2013Q4 us-gaap Long Term Investments
LongTermInvestments
13848000
CY2013Q4 us-gaap Assets
Assets
553224000
CY2013Q4 us-gaap Deferred Tax Assets Net Current
DeferredTaxAssetsNetCurrent
8061000
CY2013Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
71666000
CY2013Q4 us-gaap Income Taxes Receivable
IncomeTaxesReceivable
5772000
CY2013Q4 us-gaap Other Assets Current
OtherAssetsCurrent
1807000
CY2013Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
5693000
CY2013Q4 us-gaap Treasury Stock Value
TreasuryStockValue
47811000
CY2013Q4 us-gaap Assets Current
AssetsCurrent
290774000
CY2013Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
40774000
CY2013Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
14786000
CY2013Q4 hsii Accrued Salaries And Employee Benefits Noncurrent
AccruedSalariesAndEmployeeBenefitsNoncurrent
30879000
CY2013Q4 hsii Warrants And Equity Securities Fair Value Disclosure
WarrantsAndEquitySecuritiesFairValueDisclosure
616000
CY2013Q4 hsii Business Acquisition Purchase Price Allocation Liabilities Earnout Payment
BusinessAcquisitionPurchasePriceAllocationLiabilitiesEarnoutPayment
11628000
CY2013Q4 hsii Accrued Premises Related Cost Non Current
AccruedPremisesRelatedCostNonCurrent
16562000
CY2013Q4 hsii Acquisition Earnout Accruals
AcquisitionEarnoutAccruals
-14053000
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.04
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
157000 shares
us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
-48500000
us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.13
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
18200000 shares
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.04
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
18043000 shares
us-gaap Payments To Acquire Available For Sale Securities
PaymentsToAcquireAvailableForSaleSecurities
571000
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-2001000
us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-29000
us-gaap Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
26000
us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
-1981000
us-gaap Payments Of Dividends
PaymentsOfDividends
2519000
us-gaap Other Payments To Acquire Businesses
OtherPaymentsToAcquireBusinesses
357000
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-1505000
us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
899000
us-gaap Repayments Of Debt
RepaymentsOfDebt
1500000
us-gaap Increase Decrease In Accounts And Other Receivables
IncreaseDecreaseInAccountsAndOtherReceivables
24041000
us-gaap Payments For Restructuring
PaymentsForRestructuring
616000
us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
150000
us-gaap Operating Income Loss
OperatingIncomeLoss
6131000
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-784000
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-995000
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
5136000
us-gaap Reimbursement Revenue
ReimbursementRevenue
9625000
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-966000
us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
346000
us-gaap Revenues
Revenues
234636000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1358000
us-gaap Net Income Loss
NetIncomeLoss
721000
us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
225011000
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
576000
us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
306000
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
1426000
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
8027000
us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
-2567000
us-gaap Operating Expenses
OperatingExpenses
228505000
us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
40000000
us-gaap Labor And Related Expense
LaborAndRelatedExpense
154545000
us-gaap Accretion Expense
AccretionExpense
1033000
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
2900000
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-17910000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
4415000
us-gaap Increase Decrease In Income Taxes Payable Net Of Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable
1488000
us-gaap Cost Of Reimbursable Expense
CostOfReimbursableExpense
9625000
us-gaap Depreciation
Depreciation
5100000
us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
35048000
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Compensation Cost1
SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCost1
2472000
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-40684000
us-gaap Increase Decrease In Pension Plan Obligations
IncreaseDecreaseInPensionPlanObligations
540000
us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-1891000
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
64335000
us-gaap Proceeds From Sale Of Available For Sale Securities
ProceedsFromSaleOfAvailableForSaleSecurities
64000
us-gaap Share Based Compensation
ShareBasedCompensation
2472000
us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
-541000
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.17
dei Document Type
DocumentType
10-Q
dei Entity Registrant Name
EntityRegistrantName
HEIDRICK & STRUGGLES INTERNATIONAL INC
dei Trading Symbol
TradingSymbol
HSII
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
178000 shares
dei Entity Filer Category
EntityFilerCategory
Accelerated Filer
us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
-45042000
us-gaap Acquired Finite Lived Intangible Assets Weighted Average Useful Life
AcquiredFiniteLivedIntangibleAssetsWeightedAverageUsefulLife
P10Y2M12D
us-gaap Line Of Credit Facility Expiration Date1
LineOfCreditFacilityExpirationDate1
2016-06-22
dei Document Period End Date
DocumentPeriodEndDate
2014-06-30
us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.26
dei Amendment Flag
AmendmentFlag
false
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2014
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
18362000 shares
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.17
dei Entity Central Index Key
EntityCentralIndexKey
0001066605
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.26
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q2
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
18184000 shares
us-gaap Stock Issued During Period Value Treasury Stock Reissued
StockIssuedDuringPeriodValueTreasuryStockReissued
450000
us-gaap Payments To Acquire Available For Sale Securities
PaymentsToAcquireAvailableForSaleSecurities
828000
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
1248000
us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-80000
us-gaap Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
102000
us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
1620000
us-gaap Payments Of Dividends
PaymentsOfDividends
4849000
us-gaap Other Payments To Acquire Businesses
OtherPaymentsToAcquireBusinesses
3390000
us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
1772000
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
1688000
us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
821000
us-gaap Repayments Of Debt
RepaymentsOfDebt
3000000
us-gaap Increase Decrease In Accounts And Other Receivables
IncreaseDecreaseInAccountsAndOtherReceivables
34023000
us-gaap Payments For Restructuring
PaymentsForRestructuring
73000
us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
509000
us-gaap Operating Income Loss
OperatingIncomeLoss
13292000
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
4731000
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-36000
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
13256000
us-gaap Restricted Stock Value Shares Issued Net Of Tax Withholdings
RestrictedStockValueSharesIssuedNetOfTaxWithholdings
405000
us-gaap Reimbursement Revenue
ReimbursementRevenue
9289000
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
44000
us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
-69000
us-gaap Revenues
Revenues
256490000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1867000
us-gaap Net Income Loss
NetIncomeLoss
3043000
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
1841000
us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
247201000
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
406000
us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
1685000
us-gaap Adjustments To Additional Paid In Capital Income Tax Deficiency From Share Based Compensation
AdjustmentsToAdditionalPaidInCapitalIncomeTaxDeficiencyFromShareBasedCompensation
9000
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
4562000
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
7648000
us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
596000
us-gaap Operating Expenses
OperatingExpenses
243198000
us-gaap Labor And Related Expense
LaborAndRelatedExpense
168043000
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
136000
us-gaap Accretion Expense
AccretionExpense
899000
us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
281000
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
2800000
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-58296000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
10213000
us-gaap Increase Decrease In Income Taxes Payable Net Of Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable
-1060000
us-gaap Cost Of Reimbursable Expense
CostOfReimbursableExpense
9289000
us-gaap Depreciation
Depreciation
4900000
us-gaap Dividends Cash
DividendsCash
4738000
us-gaap Goodwill Translation Adjustments
GoodwillTranslationAdjustments
696000
us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
-11645000
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Compensation Cost1
SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCost1
1841000
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-21938000
us-gaap Increase Decrease In Pension Plan Obligations
IncreaseDecreaseInPensionPlanObligations
-170000
us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-2205000
us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax
29000
us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
-84000
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
65866000
us-gaap Proceeds From Sale Of Available For Sale Securities
ProceedsFromSaleOfAvailableForSaleSecurities
592000
us-gaap Share Based Compensation
ShareBasedCompensation
1841000
us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
-2466000
hsii Dividend Equivalents On Restricted Stock Units
DividendEquivalentsOnRestrictedStockUnits
148000
hsii Lease Maturity Period
LeaseMaturityPeriod
Extend through 2018
hsii Amortization Period Of Term Facility
AmortizationPeriodOfTermFacility
P5Y
hsii Adjusted Full Year Expected Annualized Tax Rate
AdjustedFullYearExpectedAnnualizedTaxRate
0.73 pure
hsii Business License Agreement Maturity Period
BusinessLicenseAgreementMaturityPeriod
Extend through 2017
hsii Currency In Context Of Allowance For Doubtful Increase Decrease
CurrencyInContextOfAllowanceForDoubtfulIncreaseDecrease
4000
CY2013 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax
65000
CY2013Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.11
CY2013Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
148000 shares
CY2013Q2 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.13
CY2013Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
18224000 shares
CY2013Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.11
CY2013Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
18076000 shares
CY2013Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-1511000
CY2013Q2 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-106000
CY2013Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-1346000
CY2013Q2 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
531000
CY2013Q2 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
270000
CY2013Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
5742000
CY2013Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
591000
CY2013Q2 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-690000
CY2013Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
5052000
CY2013Q2 us-gaap Reimbursement Revenue
ReimbursementRevenue
5295000
CY2013Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-584000
CY2013Q2 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
-105000
CY2013Q2 us-gaap Revenues
Revenues
127328000
CY2013Q2 us-gaap Net Income Loss
NetIncomeLoss
1937000
CY2013Q2 us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
122033000
CY2013Q2 us-gaap Operating Expenses
OperatingExpenses
121586000
CY2013Q2 us-gaap Labor And Related Expense
LaborAndRelatedExpense
83066000
CY2013Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
1500000
CY2013Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
3115000
CY2013Q2 us-gaap Cost Of Reimbursable Expense
CostOfReimbursableExpense
5295000
CY2013Q2 us-gaap Depreciation
Depreciation
2400000
CY2013Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Compensation Cost1
SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCost1
1462000
CY2013Q2 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
33225000
CY2014Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.21
CY2014Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
169000 shares
CY2014Q2 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.13
CY2014Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
18384000 shares
CY2014Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.21
CY2014Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
18215000 shares
CY2014Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
215000
CY2014Q2 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-110000
CY2014Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
591000
CY2014Q2 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
670000
CY2014Q2 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
441000
CY2014Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
12512000
CY2014Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
4378000
CY2014Q2 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
232000
CY2014Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
12744000
CY2014Q2 us-gaap Reimbursement Revenue
ReimbursementRevenue
4878000
CY2014Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
342000
CY2014Q2 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
-65000
CY2014Q2 us-gaap Revenues
Revenues
140958000
CY2014Q2 us-gaap Net Income Loss
NetIncomeLoss
3787000
CY2014Q2 us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
136080000
CY2014Q2 us-gaap Operating Expenses
OperatingExpenses
128446000
CY2014Q2 us-gaap Labor And Related Expense
LaborAndRelatedExpense
92128000
CY2014Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
1400000
CY2014Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
8957000
CY2014Q2 us-gaap Cost Of Reimbursable Expense
CostOfReimbursableExpense
4878000
CY2014Q2 us-gaap Depreciation
Depreciation
2400000
CY2014Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Compensation Cost1
SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCost1
1504000
CY2014Q2 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
31440000

Files In Submission

Name View Source Status
0001193125-14-284602-index-headers.html Edgar Link pending
0001193125-14-284602-index.html Edgar Link pending
0001193125-14-284602.txt Edgar Link pending
0001193125-14-284602-xbrl.zip Edgar Link pending
d753011d10q.htm Edgar Link pending
d753011dex311.htm Edgar Link pending
d753011dex312.htm Edgar Link pending
d753011dex321.htm Edgar Link pending
d753011dex322.htm Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xls Edgar Link pending
Financial_Report.xlsx Edgar Link pending
hsii-20140630.xml Edgar Link completed
hsii-20140630.xsd Edgar Link pending
hsii-20140630_cal.xml Edgar Link unprocessable
hsii-20140630_def.xml Edgar Link unprocessable
hsii-20140630_lab.xml Edgar Link unprocessable
hsii-20140630_pre.xml Edgar Link unprocessable
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R44.htm Edgar Link pending
R45.htm Edgar Link pending
R46.htm Edgar Link pending
R47.htm Edgar Link pending
R48.htm Edgar Link pending
R49.htm Edgar Link pending
R5.htm Edgar Link pending
R50.htm Edgar Link pending
R51.htm Edgar Link pending
R52.htm Edgar Link pending
R53.htm Edgar Link pending
R54.htm Edgar Link pending
R55.htm Edgar Link pending
R56.htm Edgar Link pending
R57.htm Edgar Link pending
R58.htm Edgar Link pending
R59.htm Edgar Link pending
R6.htm Edgar Link pending
R60.htm Edgar Link pending
R61.htm Edgar Link pending
R62.htm Edgar Link pending
R63.htm Edgar Link pending
R64.htm Edgar Link pending
R65.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending