$ICFI
ICF International, Inc.

2024 Q2 Form 10-Q Financial Statement

#000095017024051572 Filed on May 02, 2024

View on sec.gov

Income Statement

Concept 2024 Q2 2024 Q1
Revenue $512.0M $494.4M
YoY Change 2.39% 2.31%
Cost Of Revenue $329.3M $310.5M
YoY Change 1.21% -0.65%
Gross Profit $182.7M $183.9M
YoY Change 4.59% 7.72%
Gross Profit Margin 35.68% 37.19%
Selling, General & Admin $127.1M $129.1M
YoY Change 0.45% 4.33%
% of Gross Profit 69.56% 70.2%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $13.20M $13.87M
YoY Change -18.07% -10.74%
% of Gross Profit 7.23% 7.54%
Operating Expenses $140.3M $143.0M
YoY Change -1.64% 2.65%
Operating Profit $42.41M $40.94M
YoY Change 32.33% 30.18%
Interest Expense -$7.703M -$8.238M
YoY Change -23.97% -12.89%
% of Operating Profit -18.16% -20.12%
Other Income/Expense, Net $36.00K $1.630M
YoY Change -105.32% -392.11%
Pretax Income $34.74M $34.34M
YoY Change 63.57% 60.18%
Income Tax $9.129M $7.019M
% Of Pretax Income 26.28% 20.44%
Net Earnings $25.61M $27.32M
YoY Change 26.09% 66.59%
Net Earnings / Revenue 5.0% 5.52%
Basic Earnings Per Share $1.37 $1.46
Diluted Earnings Per Share $1.36 $1.44
COMMON SHARES
Basic Shares Outstanding 18.74M 18.72M
Diluted Shares Outstanding 18.86M 18.95M

Balance Sheet

Concept 2024 Q2 2024 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $4.056M $3.683M
YoY Change -41.82% -31.34%
Cash & Equivalents $4.056M $3.683M
Short-Term Investments
Other Short-Term Assets $23.83M $29.32M
YoY Change -35.73% -8.13%
Inventory
Prepaid Expenses
Receivables $209.4M $202.2M
Other Receivables $4.589M $0.00
Total Short-Term Assets $464.6M $465.7M
YoY Change -2.85% 2.37%
LONG-TERM ASSETS
Property, Plant & Equipment $72.36M $74.30M
YoY Change -13.89% -13.05%
Goodwill $1.219B $1.219B
YoY Change -1.4% 0.42%
Intangibles $78.32M $86.61M
YoY Change -33.14% -25.61%
Long-Term Investments
YoY Change
Other Assets $46.79M $43.74M
YoY Change -11.87% -14.7%
Total Long-Term Assets $1.541B $1.552B
YoY Change -5.86% -4.05%
TOTAL ASSETS
Total Short-Term Assets $464.6M $465.7M
Total Long-Term Assets $1.541B $1.552B
Total Assets $2.006B $2.018B
YoY Change -5.18% -2.64%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $110.7M $119.3M
YoY Change -2.27% 8.59%
Accrued Expenses $246.3M $222.7M
YoY Change 15.46% 232.0%
Deferred Revenue $20.10M $22.10M
YoY Change 2.32% -14.25%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $12.38M $26.00M
YoY Change -39.63% 0.0%
Total Short-Term Liabilities $392.0M $392.7M
YoY Change 6.2% 11.62%
LONG-TERM LIABILITIES
Long-Term Debt $421.6M $448.7M
YoY Change -27.48% -21.54%
Other Long-Term Liabilities $53.67M $54.35M
YoY Change 88.42% 95.48%
Total Long-Term Liabilities $475.2M $503.1M
YoY Change -22.07% -16.12%
TOTAL LIABILITIES
Total Short-Term Liabilities $392.0M $392.7M
Total Long-Term Liabilities $475.2M $503.1M
Total Liabilities $1.062B $1.102B
YoY Change -14.5% -10.13%
SHAREHOLDERS EQUITY
Retained Earnings $822.8M $799.8M
YoY Change 12.02% 11.58%
Common Stock $432.4M $425.2M
YoY Change 5.16% 4.77%
Preferred Stock
YoY Change
Treasury Stock (at cost) $300.3M $297.6M
YoY Change 12.69% 11.69%
Treasury Stock Shares
Shareholders Equity $943.3M $916.1M
YoY Change
Total Liabilities & Shareholders Equity $2.006B $2.018B
YoY Change -5.18% -2.64%

Cashflow Statement

Concept 2024 Q2 2024 Q1
OPERATING ACTIVITIES
Net Income $25.61M $27.32M
YoY Change 26.09% 66.59%
Depreciation, Depletion And Amortization $13.20M $13.87M
YoY Change -18.07% -10.74%
Cash From Operating Activities $60.64M -$10.00M
YoY Change 65.18% -40.58%
INVESTING ACTIVITIES
Capital Expenditures $5.166M $5.226M
YoY Change -22.87% -18.86%
Acquisitions
YoY Change
Other Investing Activities $0.00 $1.715M
YoY Change -100.0% -473.64%
Cash From Investing Activities -$5.166M -$3.511M
YoY Change -86.72% -49.12%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $311.8M
YoY Change 6.19%
Cash From Financing Activities -55.34M 8.833M
YoY Change -1313.88% -55.14%
NET CHANGE
Cash From Operating Activities 60.64M -10.00M
Cash From Investing Activities -5.166M -3.511M
Cash From Financing Activities -55.34M 8.833M
Net Change In Cash 129.0K -4.850M
YoY Change -94.55% 20.29%
FREE CASH FLOW
Cash From Operating Activities $60.64M -$10.00M
Capital Expenditures $5.166M $5.226M
Free Cash Flow $55.47M -$15.23M
YoY Change 84.83% -34.57%

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IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
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CY2024Q1 icfi Increase Decrease In Operating Lease Assets And Liabilities
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4599000
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
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InterestPaidNet
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CY2024Q1 us-gaap Income Taxes Paid
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CY2024Q1 us-gaap Increase Decrease In Employee Related Liabilities
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CY2023Q1 us-gaap Increase Decrease In Employee Related Liabilities
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IncreaseDecreaseInAccruedSubcontractorAndOtherDirectCosts
3303000
CY2023Q1 icfi Increase Decrease In Accrued Subcontractor And Other Direct Costs
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CY2024Q1 us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
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CY2023Q1 us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
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CY2024Q1 us-gaap Increase Decrease In Income Taxes Payable Net Of Income Taxes Receivable
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11375000
CY2023Q1 us-gaap Increase Decrease In Income Taxes Payable Net Of Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable
3192000
CY2024Q1 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-333000
CY2023Q1 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
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CY2023Q1 us-gaap Net Cash Provided By Used In Operating Activities
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CY2024Q1 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
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PaymentsToAcquireProductiveAssets
6441000
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RepaymentsOfLongTermDebt
311813000
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293640000
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24356000
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1261000
CY2023Q1 icfi Proceeds From Restricted Contract Funds
ProceedsFromRestrictedContractFunds
2916000
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RepaymentsOfRestrictedContractFunds
3391000
CY2023Q1 icfi Repayments Of Restricted Contract Funds
RepaymentsOfRestrictedContractFunds
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CY2024Q1 us-gaap Payments Of Dividends Common Stock
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CY2024Q1 us-gaap Payments For Repurchase Of Equity
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PaymentsForRepurchaseOfEquity
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ProceedsFromPaymentsForOtherFinancingActivities
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CY2024Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
8833000
CY2023Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
19688000
CY2024Q1 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
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-171000
CY2023Q1 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
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11000
CY2024Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
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CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
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CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
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CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
12968000
CY2023Q1 us-gaap Income Taxes Paid
IncomeTaxesPaid
914000
CY2024Q1 us-gaap Use Of Estimates
UseOfEstimates
<p style="font-size:10pt;margin-top:12pt;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="color:#000000;white-space:pre-wrap;font-weight:bold;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">Use of Estimates</span></p><p style="text-indent:4.533%;font-size:10pt;margin-top:6pt;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">The preparation of consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent liabilities at the date of the consolidated financial statements, and the reported amounts of revenue and expenses during the reporting periods. Key estimates include estimates related to variable consideration on contracts with customers, costs to complete fixed-price contracts, bonus and other incentive compensation, reserves for tax benefits and valuation allowances on deferred tax assets, collectability of receivables, valuation and useful lives of acquired tangible and intangible assets, impairment of goodwill and long-lived assets, and contingencies. Actual results experienced by the Company may differ from management’s estimates.</span></p>
CY2024Q1 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1
CY2023Q1 us-gaap Number Of Operating Segments
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1
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NumberOfReportableSegments
1
CY2023Q1 us-gaap Number Of Reportable Segments
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1
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CashAndCashEquivalentsAtCarryingValue
6361000
CY2024Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
3683000
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CashAndCashEquivalentsAtCarryingValue
11257000
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CashAndCashEquivalentsAtCarryingValue
5364000
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3088000
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916000
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1711000
CY2023Q1 us-gaap Restricted Cash Current
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CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
9449000
CY2024Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
4599000
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
12968000
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
8936000
CY2024Q1 us-gaap Billed Contract Receivables
BilledContractReceivables
208930000
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BilledContractReceivables
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CY2024Q1 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
6684000
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AllowanceForDoubtfulAccountsReceivableCurrent
5435000
CY2024Q1 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
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AccountsReceivableNetCurrent
205484000
CY2023Q4 icfi Contract Receivables Sold But Not Yet Collected From Customers
ContractReceivablesSoldButNotYetCollectedFromCustomers
21302000
CY2022Q4 icfi Contract Receivables Sold But Not Yet Collected From Customers
ContractReceivablesSoldButNotYetCollectedFromCustomers
3819000
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AccountsReceivableSale
133398000
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AccountsReceivableSale
28635000
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ProceedsFromAccountsReceivableSecuritization
129824000
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ProceedsFromAccountsReceivableSecuritization
17044000
CY2024Q1 icfi Contract Receivables Sold But Not Yet Collected From Customers
ContractReceivablesSoldButNotYetCollectedFromCustomers
24876000
CY2023Q1 icfi Contract Receivables Sold But Not Yet Collected From Customers
ContractReceivablesSoldButNotYetCollectedFromCustomers
15410000
CY2024Q1 icfi Proceeds From Sale Of Billed Receivables
ProceedsFromSaleOfBilledReceivables
3600000
CY2023Q1 icfi Proceeds From Sale Of Billed Receivables
ProceedsFromSaleOfBilledReceivables
11600000
CY2024Q1 icfi Contract Receivables Sold But Not Yet Collected From Customers
ContractReceivablesSoldButNotYetCollectedFromCustomers
24900000
CY2023Q1 icfi Contract Receivables Sold But Not Yet Collected From Customers
ContractReceivablesSoldButNotYetCollectedFromCustomers
15400000
CY2023Q4 icfi Sale Of Receivables Liabilities
SaleOfReceivablesLiabilities
21796000
CY2022Q4 icfi Sale Of Receivables Liabilities
SaleOfReceivablesLiabilities
6164000
CY2024Q1 us-gaap Proceeds From Accounts Receivable Securitization
ProceedsFromAccountsReceivableSecuritization
129824000
CY2023Q1 us-gaap Proceeds From Accounts Receivable Securitization
ProceedsFromAccountsReceivableSecuritization
17044000
CY2024Q1 us-gaap Repayments Of Accounts Receivable Securitization
RepaymentsOfAccountsReceivableSecuritization
125879000
CY2023Q1 us-gaap Repayments Of Accounts Receivable Securitization
RepaymentsOfAccountsReceivableSecuritization
9983000
CY2024Q1 icfi Sale Of Receivables Liabilities
SaleOfReceivablesLiabilities
25741000
CY2023Q1 icfi Sale Of Receivables Liabilities
SaleOfReceivablesLiabilities
13225000
CY2024Q1 icfi Proceeds From Sale Of Billed Receivables Not Yet Remitted
ProceedsFromSaleOfBilledReceivablesNotYetRemitted
3900000
CY2023Q1 icfi Proceeds From Sale Of Billed Receivables Not Yet Remitted
ProceedsFromSaleOfBilledReceivablesNotYetRemitted
7100000
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due Next Rolling Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextRollingTwelveMonths
26611000
CY2024Q1 us-gaap Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
3041000
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due In Rolling Year Two
LesseeOperatingLeaseLiabilityPaymentsDueInRollingYearTwo
25415000
CY2024Q1 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
3041000
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due In Rolling Year Three
LesseeOperatingLeaseLiabilityPaymentsDueInRollingYearThree
22121000
CY2024Q1 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
3041000
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due In Rolling Year Four
LesseeOperatingLeaseLiabilityPaymentsDueInRollingYearFour
17427000
CY2024Q1 us-gaap Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
3040000
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due In Rolling Year Five
LesseeOperatingLeaseLiabilityPaymentsDueInRollingYearFive
15288000
CY2024Q1 us-gaap Finance Lease Liability Payments Due Year Five
FinanceLeaseLiabilityPaymentsDueYearFive
2966000
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due After Rolling Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterRollingYearFive
127991000
CY2024Q1 us-gaap Finance Lease Liability Payments Due After Year Five
FinanceLeaseLiabilityPaymentsDueAfterYearFive
2225000
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
234853000
CY2024Q1 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
17354000
CY2024Q1 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
43389000
CY2024Q1 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
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CY2024Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
191464000
CY2024Q1 us-gaap Finance Lease Liability
FinanceLeaseLiability
15772000
CY2024Q1 us-gaap Debt Instrument Interest Rate During Period
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0.069
CY2024Q1 us-gaap Debt Instrument Carrying Amount
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478154000
CY2023 us-gaap Debt Instrument Interest Rate During Period
DebtInstrumentInterestRateDuringPeriod
0.067
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DebtInstrumentCarryingAmount
434090000
CY2024Q1 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
3406000
CY2023Q4 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
3683000
CY2024Q1 us-gaap Long Term Debt
LongTermDebt
474748000
CY2023Q4 us-gaap Long Term Debt
LongTermDebt
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CY2024Q1 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
1800000
CY2024Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Rolling Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextRollingTwelveMonths
26000000
CY2024Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Rolling Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingYearTwo
39000000
CY2024Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Rolling Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingYearThree
39000000
CY2024Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Rolling Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingYearFour
374154000
CY2024Q1 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
478154000
CY2024Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
494436000
CY2023Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
483282000
CY2024Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
494436000
CY2023Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
483282000
CY2024Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
494436000
CY2023Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
483282000
CY2024Q1 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
230412000
CY2023Q4 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
201832000
CY2024Q1 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
22099000
CY2023Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
21997000
CY2024Q1 icfi Contract With Customer Assets Liabilities Net Current
ContractWithCustomerAssetsLiabilitiesNetCurrent
208313000
CY2023Q4 icfi Contract With Customer Assets Liabilities Net Current
ContractWithCustomerAssetsLiabilitiesNetCurrent
179835000
CY2024Q1 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
12800000
CY2023Q1 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
14200000
CY2024Q1 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
1200000000
CY2024Q1 us-gaap Revenue Remaining Performance Obligation Percentage
RevenueRemainingPerformanceObligationPercentage
0.48
CY2024Q1 us-gaap Revenue Remaining Performance Obligation Percentage
RevenueRemainingPerformanceObligationPercentage
0.77
CY2024Q1 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
CY2023Q1 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
CY2024Q1 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.06
CY2023Q1 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.058
CY2024Q1 icfi Effective Income Tax Rate Reconciliation Executive Compensation
EffectiveIncomeTaxRateReconciliationExecutiveCompensation
0.017
CY2023Q1 icfi Effective Income Tax Rate Reconciliation Executive Compensation
EffectiveIncomeTaxRateReconciliationExecutiveCompensation
0.012
CY2024Q1 icfi Effective Income Tax Rate Reconciliation Corporate Owned Life Insurance
EffectiveIncomeTaxRateReconciliationCorporateOwnedLifeInsurance
-0.002
CY2023Q1 icfi Effective Income Tax Rate Reconciliation Corporate Owned Life Insurance
EffectiveIncomeTaxRateReconciliationCorporateOwnedLifeInsurance
-0.002
CY2024Q1 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Other
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseOther
0.004
CY2023Q1 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Other
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseOther
-0.001
CY2024Q1 icfi Effective Income Tax Rate Reconciliation Uncertain Tax Position
EffectiveIncomeTaxRateReconciliationUncertainTaxPosition
0.025
CY2024Q1 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
0.011
CY2023Q1 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
0.011
CY2024Q1 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Share Based Compensation Cost
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseShareBasedCompensationCost
-0.054
CY2023Q1 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Share Based Compensation Cost
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseShareBasedCompensationCost
-0.043
CY2024Q1 us-gaap Effective Income Tax Rate Reconciliation Tax Credits
EffectiveIncomeTaxRateReconciliationTaxCredits
0.067
CY2023Q1 us-gaap Effective Income Tax Rate Reconciliation Tax Credits
EffectiveIncomeTaxRateReconciliationTaxCredits
0.01
CY2024Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.204
CY2023Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.235
CY2024Q1 us-gaap Interest Rate Cash Flow Hedge Gain Loss To Be Reclassified During Next12 Months Net
InterestRateCashFlowHedgeGainLossToBeReclassifiedDuringNext12MonthsNet
-5200000
CY2024Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
144818
CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
161065
CY2024Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
5900000
CY2023Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
5900000
CY2024Q1 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
43300000
CY2024Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Award Vesting Period1
ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1
P2Y
CY2024Q1 us-gaap Net Income Loss
NetIncomeLoss
27317000
CY2023Q1 us-gaap Net Income Loss
NetIncomeLoss
16398000
CY2024Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
18757000
CY2023Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
18779000
CY2024Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
189000
CY2023Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
170000
CY2024Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
18946000
CY2023Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
18949000
CY2024Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.46
CY2023Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.87
CY2024Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.44
CY2023Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.87

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