2013 Q4 Form 10-K Financial Statement

#000121070814000005 Filed on February 27, 2014

View on sec.gov

Income Statement

Concept 2013 Q4 2013 Q3 2013
Revenue $140.0M $139.3M $562.6M
YoY Change -24.03% -25.86% -27.65%
Cost Of Revenue $87.20M $88.80M $353.1M
YoY Change 284.14% -26.13% -11.29%
Gross Profit $52.84M $50.49M $209.4M
YoY Change -21.05% -25.38% -18.76%
Gross Profit Margin 37.74% 36.25% 37.23%
Selling, General & Admin $223.9M $54.61M $223.9M
YoY Change -11.99% -17.34% -11.99%
% of Gross Profit 423.75% 108.17% 106.91%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $1.580M $1.530M $6.406M
YoY Change -4.24% -8.38% -0.5%
% of Gross Profit 2.99% 3.03% 3.06%
Operating Expenses $56.20M $54.61M $236.6M
YoY Change 35.42% -17.34% -11.69%
Operating Profit -$6.447M -$6.125M -$27.15M
YoY Change -452.1% 282.81% 168.99%
Interest Expense -$100.0K -$146.0K -$554.0K
YoY Change 0.0% -9.32% -1.25%
% of Operating Profit
Other Income/Expense, Net $300.0K $294.0K $759.0K
YoY Change 200.0% -50.25% 134.26%
Pretax Income -$6.300M -$5.977M -$7.622M
YoY Change 293.75% 410.85% 228.25%
Income Tax $4.000M -$392.0K $3.264M
% Of Pretax Income
Net Earnings -$11.30M -$5.047M -$30.40M
YoY Change 3193.0% 133.12% 469.73%
Net Earnings / Revenue -8.07% -3.62% -5.4%
Basic Earnings Per Share -$0.35 -$0.15 -$0.94
Diluted Earnings Per Share -$0.35 -$0.15 -$0.94
COMMON SHARES
Basic Shares Outstanding 32.60M shares 32.60M shares 32.49M shares
Diluted Shares Outstanding 32.60M shares 32.60M shares 32.49M shares

Balance Sheet

Concept 2013 Q4 2013 Q3 2013
SHORT-TERM ASSETS
Cash & Short-Term Investments $37.40M $33.20M $37.40M
YoY Change -3.36% -4.87% -3.36%
Cash & Equivalents $37.38M $33.24M $37.40M
Short-Term Investments
Other Short-Term Assets $20.50M $10.70M $20.50M
YoY Change 78.26% -17.69% 78.26%
Inventory
Prepaid Expenses
Receivables $76.47M $82.79M $76.50M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $134.3M $142.2M $134.3M
YoY Change -14.67% -12.97% -14.68%
LONG-TERM ASSETS
Property, Plant & Equipment $11.99M $16.39M $12.00M
YoY Change -40.2% -20.96% -40.3%
Goodwill $2.078M $2.056M
YoY Change 2.87% 1.78%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $5.393M $5.791M $12.50M
YoY Change -12.88% 14.0% -21.88%
Total Long-Term Assets $24.51M $32.68M $24.50M
YoY Change -32.03% -10.25% -32.13%
TOTAL ASSETS
Total Short-Term Assets $134.3M $142.2M $134.3M
Total Long-Term Assets $24.51M $32.68M $24.50M
Total Assets $158.8M $174.9M $158.8M
YoY Change -17.9% -12.47% -17.93%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $8.899M $6.745M $8.900M
YoY Change -4.23% -20.92% -4.3%
Accrued Expenses $51.92M $65.60M $55.20M
YoY Change -7.22% 0.77% -1.95%
Deferred Revenue
YoY Change
Short-Term Debt $476.0K $0.00 $500.0K
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $69.82M $72.32M $69.80M
YoY Change 3.95% -1.83% 3.87%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $5.421M $6.228M $14.60M
YoY Change -30.97% -8.28% -26.26%
Total Long-Term Liabilities $5.421M $6.228M $14.60M
YoY Change -30.97% -8.28% -26.26%
TOTAL LIABILITIES
Total Short-Term Liabilities $69.82M $72.32M $69.80M
Total Long-Term Liabilities $5.421M $6.228M $14.60M
Total Liabilities $84.44M $89.06M $84.40M
YoY Change -2.86% -4.36% -2.88%
SHAREHOLDERS EQUITY
Retained Earnings -$417.4M -$406.1M
YoY Change 7.85% 0.96%
Common Stock $475.5M $475.4M
YoY Change 0.44% 0.45%
Preferred Stock
YoY Change
Treasury Stock (at cost) $861.0K $853.0K
YoY Change 130.83% 170.79%
Treasury Stock Shares 129.0K shares 208.0K shares
Shareholders Equity $74.39M $85.85M $74.40M
YoY Change
Total Liabilities & Shareholders Equity $158.8M $174.9M $158.8M
YoY Change -17.9% -12.47% -17.93%

Cashflow Statement

Concept 2013 Q4 2013 Q3 2013
OPERATING ACTIVITIES
Net Income -$11.30M -$5.047M -$30.40M
YoY Change 3193.0% 133.12% 469.73%
Depreciation, Depletion And Amortization $1.580M $1.530M $6.406M
YoY Change -4.24% -8.38% -0.5%
Cash From Operating Activities $4.080M $5.630M $2.513M
YoY Change -4.23% -29.09% -80.9%
INVESTING ACTIVITIES
Capital Expenditures -$390.0K -$750.0K -$2.560M
YoY Change -54.65% -18.48% -70.4%
Acquisitions
YoY Change
Other Investing Activities $0.00 $0.00
YoY Change -100.0% -100.0%
Cash From Investing Activities -$390.0K -$750.0K -$2.557M
YoY Change -18.75% -18.48% -69.09%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $0.00
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 350.0K -810.0K -$497.0K
YoY Change -318.75% -48.08% -88.37%
NET CHANGE
Cash From Operating Activities 4.080M 5.630M $2.513M
Cash From Investing Activities -390.0K -750.0K -$2.557M
Cash From Financing Activities 350.0K -810.0K -$497.0K
Net Change In Cash 4.040M 4.070M -$541.0K
YoY Change 11.6% -25.46% -188.25%
FREE CASH FLOW
Cash From Operating Activities $4.080M $5.630M $2.513M
Capital Expenditures -$390.0K -$750.0K -$2.560M
Free Cash Flow $4.470M $6.380M $5.073M
YoY Change -12.7% -27.99% -76.74%

Facts In Submission

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<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">DESCRIPTION OF BUSINESS</font></div><div style="line-height:120%;padding-top:12px;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Hudson Global, Inc. and its subsidiaries (the &#8220;Company&#8221;) are comprised of the operations, assets and liabilities of the three Hudson regional businesses of Hudson Americas, Hudson Asia Pacific, and Hudson Europe (&#8220;Hudson regional businesses&#8221; or &#8220;Hudson&#8221;). The Company provides specialized professional-level recruitment and related talent solutions worldwide. The Company&#8217;s core service offerings include Permanent Recruitment, Temporary Contracting, Legal eDiscovery, Recruitment Process Outsourcing (&#8220;RPO&#8221;) and Talent Management Solutions. As of </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">December&#160;31, 2013</font><font style="font-family:inherit;font-size:10pt;">, the Company had approximately </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">1,700</font><font style="font-family:inherit;font-size:10pt;"> employees operating in </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">20</font><font style="font-family:inherit;font-size:10pt;"> countries with </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">three</font><font style="font-family:inherit;font-size:10pt;"> reportable geographic business segments: Hudson Americas, Hudson Asia Pacific, and Hudson Europe.</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company&#8217;s core service offerings include those services described below.</font></div><div style="line-height:120%;padding-top:12px;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Permanent Recruitment:</font><font style="font-family:inherit;font-size:10pt;"> Offered on both a retained and contingent basis, Hudson&#8217;s Permanent Recruitment services leverage its consultants, psychologists and other professionals in the development and delivery of its proprietary methods to identify, select and engage the best-fit talent for critical client roles.</font></div><div style="line-height:120%;padding-top:12px;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Temporary Contracting:</font><font style="font-family:inherit;font-size:10pt;"> In Temporary Contracting, Hudson provides a range of project management, interim management and professional contract staffing services. These services draw upon a combination of specialized recruiting and project management competencies to deliver a wide range of solutions. Hudson-employed professionals &#8211; either individually or as a team &#8211; are placed with client organizations for a defined period of time based on a client's specific business need.</font></div><div style="line-height:120%;padding-top:12px;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Legal eDiscovery: </font><font style="font-family:inherit;font-size:10pt;">Hudson's Legal eDiscovery services comprise eDiscovery solutions, managed document review (encompassing logistical deployment, project management, process design and productivity management), contract attorney staffing and is included within temporary contracting services. The most comprehensive of these is the Company&#8217;s full-service eDiscovery solution, providing an integrated system of discovery management and review technology deployment for both corporate and law firm clients.&#160;</font></div><div style="line-height:120%;padding-top:12px;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">RPO:</font><font style="font-family:inherit;font-size:10pt;"> Hudson RPO delivers both permanent recruitment and temporary contracting outsourced recruitment solutions tailored to the individual needs of primarily mid-to-large-cap multinational companies. Hudson RPO&#8217;s delivery teams utilize state-of-the-art recruitment process methodologies and project management expertise in their flexible, turnkey solutions to meet clients&#8217; ongoing business needs. Hudson RPO services include complete recruitment outsourcing, project-based outsourcing, contingent workforce solutions and recruitment consulting.</font></div><div style="line-height:120%;padding-top:12px;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Talent Management Solutions:</font><font style="font-family:inherit;font-size:10pt;"> Featuring embedded proprietary talent assessment and selection methodologies, Hudson&#8217;s Talent Management Solutions capability encompasses services such as talent assessment (utilizing a variety of competency, attitude and experiential testing), interview training, executive coaching, employee development and outplacement.</font></div></div>
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2033-12-31
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CY2012 us-gaap Other Noncash Income Expense
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CY2012 us-gaap Other Nonoperating Income Expense
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CY2011 us-gaap Payments Related To Tax Withholding For Share Based Compensation
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388000 USD
CY2013 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
488000 USD
CY2012 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
600000 USD
CY2013 us-gaap Payments To Acquire Productive Assets
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2557000 USD
CY2011 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
6832000 USD
CY2012 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
8647000 USD
CY2012Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.001
CY2013Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.001
CY2012Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
10000000 shares
CY2013Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
10000000 shares
CY2012Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2013Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2012Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2013Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2013Q4 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2012Q4 us-gaap Preferred Stock Value
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0 USD
CY2012Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
11543000 USD
CY2013Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
8762000 USD
CY2013 us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
0 USD
CY2013 us-gaap Repayments Of Long Term Capital Lease Obligations
RepaymentsOfLongTermCapitalLeaseObligations
467000 USD
CY2012 us-gaap Repayments Of Long Term Capital Lease Obligations
RepaymentsOfLongTermCapitalLeaseObligations
443000 USD
CY2013 us-gaap Repayments Of Short Term Debt
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16856000 USD
CY2012 us-gaap Proceeds From Sale Of Productive Assets
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375000 USD
CY2011 us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
248000 USD
CY2011 us-gaap Repayments Of Short Term Debt
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235752000 USD
CY2012 us-gaap Repayments Of Short Term Debt
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77765000 USD
CY2013 us-gaap Proceeds From Short Term Debt
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17314000 USD
CY2012 us-gaap Proceeds From Short Term Debt
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74534000 USD
CY2011 us-gaap Proceeds From Short Term Debt
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237779000 USD
CY2012Q4 us-gaap Restricted Cash And Cash Equivalents
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2164000 USD
CY2013Q4 us-gaap Restricted Cash And Cash Equivalents
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2047000 USD
CY2013 us-gaap Restructuring And Related Cost Incurred Cost
RestructuringAndRelatedCostIncurredCost
6742000 USD
CY2013 us-gaap Restructuring And Related Cost Number Of Positions Eliminated
RestructuringAndRelatedCostNumberOfPositionsEliminated
96 Employee
CY2013Q4 us-gaap Restructuring Reserve
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4281000 USD
CY2012Q4 us-gaap Restructuring Reserve
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3420000 USD
CY2012Q4 us-gaap Property Plant And Equipment Net
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20050000 USD
CY2012Q4 us-gaap Property Plant And Equipment Gross
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72256000 USD
CY2013Q4 us-gaap Property Plant And Equipment Net
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13822000 USD
CY2013 us-gaap Restructuring Reserve Accrual Adjustment
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-21000 USD
CY2013Q4 us-gaap Restructuring Reserve Current
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3810000 USD
CY2012Q4 us-gaap Restructuring Reserve Current
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1916000 USD
CY2013Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-417422000 USD
CY2012Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-387027000 USD
CY2011 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
132000 USD
CY2013 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
-13000 USD
CY2012 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
-149000 USD
CY2011 us-gaap Repayments Of Long Term Capital Lease Obligations
RepaymentsOfLongTermCapitalLeaseObligations
0 USD
CY2011 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
230000 USD
CY2013 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
219000 USD
CY2012 us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
777577000 USD
CY2013 us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
660128000 USD
CY2011 us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
933736000 USD
CY2013Q4 us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
159503000 USD
CY2013Q3 us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
163587000 USD
CY2013Q2 us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
171360000 USD
CY2012Q4 us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
184276000 USD
CY2012Q2 us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
204838000 USD
CY2013Q1 us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
165678000 USD
CY2012Q1 us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
200590000 USD
CY2012Q3 us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
187873000 USD
CY2013 us-gaap Share Based Compensation
ShareBasedCompensation
2090000 USD
CY2011 us-gaap Share Based Compensation
ShareBasedCompensation
3221000 USD
CY2012 us-gaap Share Based Compensation
ShareBasedCompensation
2574000 USD
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Award Vesting Period1
ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1
P5Y
CY2011 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0
CY2011 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.023
CY2011 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Weighted Average Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsWeightedAverageVolatilityRate
0.751
CY2013Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized
2135388 shares
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
956981 shares
CY2011 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
3.50
CY2013Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
0 USD
CY2012Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
0 USD
CY2011 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P6Y3M
CY2012Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
0 USD
CY2013Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
0 USD
CY2013 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P4Y0M24D
CY2012 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P2Y6M
CY2013 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P4Y10M19D
CY2012 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P4Y4M24D
CY2013Q4 us-gaap Short Term Borrowings
ShortTermBorrowings
476000 USD
CY2012Q4 us-gaap Short Term Borrowings
ShortTermBorrowings
0 USD
CY2013 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
133000 USD
CY2013 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
221000 USD
CY2012 us-gaap Stock Issued During Period Shares Employee Benefit Plan
StockIssuedDuringPeriodSharesEmployeeBenefitPlan
124000 shares
CY2013 us-gaap Stock Issued During Period Shares Employee Benefit Plan
StockIssuedDuringPeriodSharesEmployeeBenefitPlan
0 shares
CY2011 us-gaap Stock Issued During Period Shares Employee Benefit Plan
StockIssuedDuringPeriodSharesEmployeeBenefitPlan
92000 shares
CY2012 us-gaap Stock Issued During Period Value Employee Benefit Plan
StockIssuedDuringPeriodValueEmployeeBenefitPlan
666000 USD
CY2011 us-gaap Stock Issued During Period Value Employee Benefit Plan
StockIssuedDuringPeriodValueEmployeeBenefitPlan
602000 USD
CY2012 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
2574000 USD
CY2013 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
2090000 USD
CY2011 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
3603000 USD
CY2012Q4 us-gaap Stockholders Equity
StockholdersEquity
106541000 USD
CY2013Q4 us-gaap Stockholders Equity
StockholdersEquity
74385000 USD
CY2010Q4 us-gaap Stockholders Equity
StockholdersEquity
93278000 USD
CY2011Q4 us-gaap Stockholders Equity
StockholdersEquity
107357000 USD
CY2012Q4 us-gaap Treasury Stock Value
TreasuryStockValue
373000 USD
CY2013Q4 us-gaap Taxes Payable Current
TaxesPayableCurrent
11225000 USD
CY2012Q4 us-gaap Taxes Payable Current
TaxesPayableCurrent
11161000 USD
CY2013Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
3086000 USD
CY2012Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
3144000 USD
CY2013 us-gaap Unrecognized Tax Benefits Decreases Resulting From Foreign Currency Translation
UnrecognizedTaxBenefitsDecreasesResultingFromForeignCurrencyTranslation
29000 USD
CY2013 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
160000 USD
CY2013 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities
0 USD
CY2012Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
701000 USD
CY2013Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
786000 USD
CY2012Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
79000 shares
CY2013Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
211000 shares
CY2013Q4 us-gaap Treasury Stock Value
TreasuryStockValue
861000 USD
CY2012 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
909000 USD
CY2013 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
108000 USD
CY2012Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
3845000 USD
CY2013Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
3872000 USD
CY2013 us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Use of Estimates</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The preparation of financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions about future events. These estimates and the underlying assumptions affect the reported amounts of assets and liabilities, the disclosures about contingent assets and liabilities, and the reported amounts of revenue and expenses. Such estimates include the value of allowances for doubtful accounts, insurance recovery receivable, goodwill, intangible assets, and other long-lived assets, legal reserve and provision, estimated self-insured liabilities, assumptions used in the fair value of stock-based compensation and the valuation of deferred tax assets. These estimates and assumptions are based on management's best estimates and judgment. Management evaluates the estimates and assumptions on an ongoing basis using historical experience and other factors, including the current economic environment, which management believes to be reasonable under the circumstances. The Company adjusts such estimates and assumptions when facts and circumstances dictate. As future events and their effects cannot be determined with precision, actual results could differ significantly from those estimates. </font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Instability in the global credit markets, the instability in the geopolitical environment in many parts of the world and other factors may continue to put pressure on global economic conditions and may in turn impact the aforementioned estimates and assumptions. </font></div></div>
CY2013 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
32493000 shares
CY2012 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
32060000 shares
CY2011 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
31989000 shares
CY2013Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
32600000 shares
CY2013Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
32344000 shares
CY2012Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
32156000 shares
CY2012Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
32486000 shares
CY2013Q4 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
32600000 shares
CY2013Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
32717000 shares
CY2012Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
31765000 shares
CY2012Q4 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
32169000 shares
CY2013 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
32493000 shares
CY2011 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
31566000 shares
CY2012 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
32060000 shares
CY2012Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
32122000 shares
CY2013Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
32600000 shares
CY2012Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
32169000 shares
CY2013Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
32344000 shares
CY2013Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
32717000 shares
CY2012Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
31765000 shares
CY2012Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
32156000 shares
CY2013Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
32600000 shares
CY2013 hson Cash And Noncash Pension And Other Postretirement Contributions
CashAndNoncashPensionAndOtherPostretirementContributions
651000 USD
CY2012 hson Cash And Noncash Pension And Other Postretirement Contributions
CashAndNoncashPensionAndOtherPostretirementContributions
666000 USD
CY2011 hson Cash And Noncash Pension And Other Postretirement Contributions
CashAndNoncashPensionAndOtherPostretirementContributions
602000 USD
CY2013Q4 hson Deferred Tax Assets Operating Loss Carryforwards Noncurrent
DeferredTaxAssetsOperatingLossCarryforwardsNoncurrent
149296000 USD
CY2012Q4 hson Deferred Tax Assets Operating Loss Carryforwards Noncurrent
DeferredTaxAssetsOperatingLossCarryforwardsNoncurrent
140068000 USD
CY2012Q4 hson Deferred Tax Assets Property Plant And Equipment Noncurrent
DeferredTaxAssetsPropertyPlantAndEquipmentNoncurrent
3355000 USD
CY2013Q4 hson Deferred Tax Assets Property Plant And Equipment Noncurrent
DeferredTaxAssetsPropertyPlantAndEquipmentNoncurrent
2217000 USD
CY2013Q4 hson Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Current
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsCurrent
1972000 USD
CY2012Q4 hson Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Current
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsCurrent
2886000 USD
CY2013Q4 hson Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Employee Benefits Noncurrent
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsEmployeeBenefitsNoncurrent
2542000 USD
CY2012Q4 hson Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Employee Benefits Noncurrent
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsEmployeeBenefitsNoncurrent
3613000 USD
CY2012Q4 hson Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Allowance For Doubtful Accounts Current
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAllowanceForDoubtfulAccountsCurrent
145000 USD
CY2013Q4 hson Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Allowance For Doubtful Accounts Current
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAllowanceForDoubtfulAccountsCurrent
201000 USD
CY2012Q4 hson Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Noncurrent
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsNoncurrent
1775000 USD
CY2013Q4 hson Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Noncurrent
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsNoncurrent
2410000 USD
CY2011 hson Defined Contribution Plan Employer Discretionary Non Cash Contribution Made For Employer Matching Liability
DefinedContributionPlanEmployerDiscretionaryNonCashContributionMadeForEmployerMatchingLiability
602000 USD
CY2013 hson Defined Contribution Plan Employer Discretionary Non Cash Contribution Made For Employer Matching Liability
DefinedContributionPlanEmployerDiscretionaryNonCashContributionMadeForEmployerMatchingLiability
0 USD
CY2012 hson Defined Contribution Plan Employer Discretionary Non Cash Contribution Made For Employer Matching Liability
DefinedContributionPlanEmployerDiscretionaryNonCashContributionMadeForEmployerMatchingLiability
666000 USD
CY2013 hson Ebitda Gain Loss
EbitdaGainLoss
-19600000 USD
CY2011 hson Ebitda Gain Loss
EbitdaGainLoss
23642000 USD
CY2012 hson Ebitda Gain Loss
EbitdaGainLoss
54000 USD
CY2005Q1 hson Exercise Price Of Purchase Right Preferred Share Per One One Hundredth Share
ExercisePriceOfPurchaseRightPreferredSharePerOneOneHundredthShare
60 USD
CY2013 hson Gross Margin From External Customer
GrossMarginFromExternalCustomer
229872000 USD
CY2005Q1 hson Ownership Triggering Percentage To Exercise Purchase Right
OwnershipTriggeringPercentageToExercisePurchaseRight
0.15
CY2011 hson Gross Margin From External Customer
GrossMarginFromExternalCustomer
354305000 USD
CY2012 hson Gross Margin From External Customer
GrossMarginFromExternalCustomer
284867000 USD
CY2013 hson Line Of Credit Facility Number Of Tranches
LineOfCreditFacilityNumberOfTranches
3 Tranche
CY2013Q4 hson Nol Not Reflected On Dta From Stock Compensation Expenses
NolNotReflectedOnDtaFromStockCompensationExpenses
5118000 USD
CY2013 hson Number Of Shares Issued Under Share Based Compensation Arrangement Which Have Vesting Conditions Associated With Performance And Service Conditions
NumberOfSharesIssuedUnderShareBasedCompensationArrangementWhichHaveVestingConditionsAssociatedWithPerformanceAndServiceConditions
605921 shares
CY2013Q4 hson Operating Loss Carryforwards Not Absorbed By Parent
OperatingLossCarryforwardsNotAbsorbedByParent
16584000 USD
CY2005Q1 hson Par Value Of Preferred Share For One One Hundredth Of Share
ParValueOfPreferredShareForOneOneHundredthOfShare
0.001
CY2005Q1 hson Redemption Price For Purchase Right
RedemptionPriceForPurchaseRight
0.001
CY2013 hson Revenuefromexternalcustomers
Revenuefromexternalcustomers
660128000 USD
CY2011 hson Revenuefromexternalcustomers
Revenuefromexternalcustomers
933736000 USD
CY2012 hson Revenuefromexternalcustomers
Revenuefromexternalcustomers
777577000 USD
CY2013 hson Segment Reporting Information Intersegment Gross Margin
SegmentReportingInformationIntersegmentGrossMargin
0 USD
CY2011 hson Segment Reporting Information Intersegment Gross Margin
SegmentReportingInformationIntersegmentGrossMargin
0 USD
CY2012 hson Segment Reporting Information Intersegment Gross Margin
SegmentReportingInformationIntersegmentGrossMargin
0 USD
CY2013 hson Segment Reporting Information Intersegment Interest Income Expense Net
SegmentReportingInformationIntersegmentInterestIncomeExpenseNet
0 USD
CY2011 hson Segment Reporting Information Intersegment Interest Income Expense Net
SegmentReportingInformationIntersegmentInterestIncomeExpenseNet
0 USD
CY2012 hson Segment Reporting Information Intersegment Interest Income Expense Net
SegmentReportingInformationIntersegmentInterestIncomeExpenseNet
0 USD
CY2013 hson Segment Reporting Information Revenue Intersegment
SegmentReportingInformationRevenueIntersegment
0 USD
CY2011 hson Segment Reporting Information Revenue Intersegment
SegmentReportingInformationRevenueIntersegment
0 USD
CY2012 hson Segment Reporting Information Revenue Intersegment
SegmentReportingInformationRevenueIntersegment
0 USD
CY2013 hson Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Vested100immediately
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsVested100immediately
3920 shares
CY2013 hson Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Vested100onthesecondanniversaryofthegrantdatewithserviceconditionsonly
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsVested100onthesecondanniversaryofthegrantdatewithserviceconditionsonly
160000 shares
CY2013 hson Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Vested100onthethirdanniversaryofthegrantdatewithserviceconditionsonly
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsVested100onthethirdanniversaryofthegrantdatewithserviceconditionsonly
120000 shares
CY2013 hson Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Vested One Third On Each Of First Three Anniversaries Of Grant Date With Service Conditions Only
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsVestedOneThirdOnEachOfFirstThreeAnniversariesOfGrantDateWithServiceConditionsOnly
37140 shares
CY2013 hson Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Vestedfiftypercentoneachofthesecondandthirdanniversariesofthegrantdatewithserviceconditionsonly
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsVestedfiftypercentoneachofthesecondandthirdanniversariesofthegrantdatewithserviceconditionsonly
30000 shares
CY2013 hson Share Based Compensation Arrangement By Share Based Payment Award Expiration Period After Grant Date
ShareBasedCompensationArrangementByShareBasedPaymentAwardExpirationPeriodAfterGrantDate
P10Y
CY2011 hson Stock Issued During Period Per Share Employee Benefit Plan
StockIssuedDuringPeriodPerShareEmployeeBenefitPlan
6.55
CY2012 hson Stock Issued During Period Per Share Employee Benefit Plan
StockIssuedDuringPeriodPerShareEmployeeBenefitPlan
5.35
CY2013 hson Stock Issued During Period Per Share Employee Benefit Plan
StockIssuedDuringPeriodPerShareEmployeeBenefitPlan
0.00
CY2013Q4 hson Unrecognized Tax Benefits That Would Impact Effective Tax Rate Excluding Interest And Penalties
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRateExcludingInterestAndPenalties
3086000 USD
CY2012Q4 hson Unrecognized Tax Benefits That Would Impact Effective Tax Rate Excluding Interest And Penalties
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRateExcludingInterestAndPenalties
3144000 USD
CY2013 dei Amendment Flag
AmendmentFlag
false
CY2013 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2013 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
FY
CY2013 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2013
CY2013 dei Document Period End Date
DocumentPeriodEndDate
2013-12-31
CY2013 dei Document Type
DocumentType
10-K
CY2013 dei Entity Central Index Key
EntityCentralIndexKey
0001210708
CY2014Q1 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
33289445 shares
CY2013 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2013 dei Entity Filer Category
EntityFilerCategory
Accelerated Filer
CY2013Q2 dei Entity Public Float
EntityPublicFloat
81327000 USD
CY2013 dei Entity Registrant Name
EntityRegistrantName
Hudson Global, Inc.
CY2013 dei Entity Voluntary Filers
EntityVoluntaryFilers
No
CY2013 dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
No
CY2013 dei Trading Symbol
TradingSymbol
HSON

Files In Submission

Name View Source Status
0001210708-14-000005-index-headers.html Edgar Link pending
0001210708-14-000005-index.html Edgar Link pending
0001210708-14-000005.txt Edgar Link pending
0001210708-14-000005-xbrl.zip Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xls Edgar Link pending
Financial_Report.xlsx Edgar Link pending
hson-20131231.xml Edgar Link completed
hson-20131231.xsd Edgar Link pending
hson-20131231xexx21.htm Edgar Link pending
hson-20131231xexx23.htm Edgar Link pending
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hson-20131231xexx321.htm Edgar Link pending
hson-20131231xexx322.htm Edgar Link pending
hson-20131231_cal.xml Edgar Link unprocessable
hson-20131231_def.xml Edgar Link unprocessable
hson-20131231_lab.xml Edgar Link unprocessable
hson-20131231_pre.xml Edgar Link unprocessable
hson20131231-10k.htm Edgar Link pending
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report.css Edgar Link pending
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stockperformance2013.jpg Edgar Link pending