2022 Q1 Form 10-Q Financial Statement

#000108476522000006 Filed on April 07, 2022

View on sec.gov

Income Statement

Concept 2022 Q1 2021 Q4 2021 Q1
Revenue $204.6M $200.2M $156.6M
YoY Change 30.63% 30.68% -6.8%
Cost Of Revenue $127.8M $121.5M $99.58M
YoY Change 28.35% 27.83% -6.61%
Gross Profit $76.79M $78.74M $57.05M
YoY Change 34.62% 35.34% -7.12%
Gross Profit Margin 37.53% 39.32% 36.42%
Selling, General & Admin $57.09M $56.88M $52.84M
YoY Change 8.05% 4.27% -4.45%
% of Gross Profit 74.34% 72.24% 92.62%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $882.0K $893.0K $963.0K
YoY Change -8.41% -9.25% -14.02%
% of Gross Profit 1.15% 1.13% 1.69%
Operating Expenses $57.09M $56.88M $52.84M
YoY Change 8.05% 4.27% -4.45%
Operating Profit $17.50M $19.78M $2.044M
YoY Change 756.21% 1483.91% -40.79%
Interest Expense $307.0K $222.0K $361.0K
YoY Change -14.96% -51.74% -26.77%
% of Operating Profit 1.75% 1.12% 17.66%
Other Income/Expense, Net $35.00K $311.0K $100.0K
YoY Change -65.0% -37.8%
Pretax Income $17.23M $19.87M $1.747M
YoY Change 886.2% 1472.15% -40.96%
Income Tax -$2.192M $5.567M $1.057M
% Of Pretax Income -12.72% 28.01% 60.5%
Net Earnings $19.42M $14.31M $690.0K
YoY Change 2714.64% -1542.04% -90.06%
Net Earnings / Revenue 9.49% 7.14% 0.44%
Basic Earnings Per Share $0.59 $0.43 $0.02
Diluted Earnings Per Share $0.58 $0.42 $0.02
COMMON SHARES
Basic Shares Outstanding 32.74M 33.22M 32.52M
Diluted Shares Outstanding 33.38M 33.95M 32.66M

Balance Sheet

Concept 2022 Q1 2021 Q4 2021 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $82.19M $70.63M $84.00M
YoY Change -2.16% -27.33% 133.98%
Cash & Equivalents $82.19M $70.63M $84.01M
Short-Term Investments
Other Short-Term Assets $7.840M $6.741M $8.100M
YoY Change -3.21% -5.06% 1.25%
Inventory
Prepaid Expenses
Receivables $150.5M $143.4M $108.4M
Other Receivables $37.21M $39.28M $11.50M
Total Short-Term Assets $277.8M $260.0M $212.0M
YoY Change 30.99% 18.97% 16.52%
LONG-TERM ASSETS
Property, Plant & Equipment $18.51M $19.24M $21.25M
YoY Change -12.93% -13.59% -14.56%
Goodwill $214.8M $214.9M $216.5M
YoY Change -0.78% -0.62% 1.43%
Intangibles $18.05M $19.26M $20.57M
YoY Change -12.26% -8.55% -4.88%
Long-Term Investments
YoY Change
Other Assets $2.222M $2.097M $1.812M
YoY Change 22.63% 9.62% -56.61%
Total Long-Term Assets $282.0M $278.2M $289.6M
YoY Change -2.62% -5.18% -4.75%
TOTAL ASSETS
Total Short-Term Assets $277.8M $260.0M $212.0M
Total Long-Term Assets $282.0M $278.2M $289.6M
Total Assets $559.7M $538.2M $501.6M
YoY Change 11.59% 5.13% 3.22%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $17.77M $15.88M $17.50M
YoY Change 1.53% -21.79% -5.91%
Accrued Expenses $87.03M $72.93M $68.50M
YoY Change 27.06% 26.39% 17.09%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $115.6M $99.09M $103.4M
YoY Change 11.85% 8.13% 13.91%
LONG-TERM LIABILITIES
Long-Term Debt $54.00M $44.00M $53.00M
YoY Change 1.89% -35.29% 8.16%
Other Long-Term Liabilities $2.723M $6.137M $7.709M
YoY Change -64.68% -52.12% 88.39%
Total Long-Term Liabilities $56.72M $50.14M $60.71M
YoY Change -6.57% -37.96% 14.35%
TOTAL LIABILITIES
Total Short-Term Liabilities $115.6M $99.09M $103.4M
Total Long-Term Liabilities $56.72M $50.14M $60.71M
Total Liabilities $202.7M $184.6M $194.0M
YoY Change 4.48% -9.95% 5.92%
SHAREHOLDERS EQUITY
Retained Earnings $36.92M $22.21M $348.7M
YoY Change -89.41% -93.7% -3.41%
Common Stock $352.5M $343.1M $488.0M
YoY Change -27.77% -29.06% 2.37%
Preferred Stock
YoY Change
Treasury Stock (at cost) $19.65M $520.9M
YoY Change -96.23% -0.04%
Treasury Stock Shares $1.155M $0.00 $31.74M
Shareholders Equity $357.0M $353.6M $307.6M
YoY Change
Total Liabilities & Shareholders Equity $559.7M $538.2M $501.6M
YoY Change 11.59% 5.13% 3.22%

Cashflow Statement

Concept 2022 Q1 2021 Q4 2021 Q1
OPERATING ACTIVITIES
Net Income $19.42M $14.31M $690.0K
YoY Change 2714.64% -1542.04% -90.06%
Depreciation, Depletion And Amortization $882.0K $893.0K $963.0K
YoY Change -8.41% -9.25% -14.02%
Cash From Operating Activities $19.22M $2.996M $5.790M
YoY Change 231.88% -72.74% 33.41%
INVESTING ACTIVITIES
Capital Expenditures -$324.0K -$1.274M -$1.050M
YoY Change -69.14% -16.73% 34.62%
Acquisitions
YoY Change
Other Investing Activities $232.0K $9.000K -$170.0K
YoY Change -236.47% -94.0% -22.73%
Cash From Investing Activities -$92.00K -$1.265M -$1.220M
YoY Change -92.46% -8.33% 22.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -7.149M 8.092M -16.91M
YoY Change -57.72% -129.35% 64.02%
NET CHANGE
Cash From Operating Activities 19.22M 2.996M 5.790M
Cash From Investing Activities -92.00K -1.265M -1.220M
Cash From Financing Activities -7.149M 8.092M -16.91M
Net Change In Cash 11.97M 9.823M -12.34M
YoY Change -197.04% -154.69% 77.04%
FREE CASH FLOW
Cash From Operating Activities $19.22M $2.996M $5.790M
Capital Expenditures -$324.0K -$1.274M -$1.050M
Free Cash Flow $19.54M $4.270M $6.840M
YoY Change 185.67% -65.89% 33.59%

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2115000
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4635000
CY2022Q1 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
19651000
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CY2022Q1 us-gaap Net Income Loss
NetIncomeLoss
19421000
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StockholdersEquity
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StockholdersEquity
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4969000
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us-gaap Common Stock Dividends Per Share Declared
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us-gaap Dividends Common Stock Cash
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us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
19651000
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
-5319000
us-gaap Net Income Loss
NetIncomeLoss
46648000
CY2022Q1 us-gaap Stockholders Equity
StockholdersEquity
357028000
us-gaap Net Income Loss
NetIncomeLoss
1981000
us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
13640000
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
5646000
CY2020Q4 us-gaap Stockholders Equity
StockholdersEquity
306947000
CY2021Q1 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
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CY2021Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
1490000
CY2021Q1 us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
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CY2021Q1 rgp Amortization Of Restricted Stock Issued From Treasury
AmortizationOfRestrictedStockIssuedFromTreasury
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CY2021Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
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CY2021Q1 us-gaap Dividends Common Stock Cash
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4591000
CY2021Q1 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
390000
CY2021Q1 us-gaap Net Income Loss
NetIncomeLoss
690000
CY2021Q1 us-gaap Stockholders Equity
StockholdersEquity
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CY2020Q2 us-gaap Stockholders Equity
StockholdersEquity
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us-gaap Stock Issued During Period Value Stock Options Exercised
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558000
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4314000
us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
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AmortizationOfRestrictedStockIssuedFromTreasury
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us-gaap Common Stock Dividends Per Share Declared
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CY2021Q1 us-gaap Stockholders Equity
StockholdersEquity
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us-gaap Net Income Loss
NetIncomeLoss
46648000
us-gaap Net Income Loss
NetIncomeLoss
1981000
us-gaap Depreciation And Amortization
DepreciationAndAmortization
6302000
us-gaap Depreciation And Amortization
DepreciationAndAmortization
7079000
us-gaap Share Based Compensation
ShareBasedCompensation
5851000
us-gaap Share Based Compensation
ShareBasedCompensation
4939000
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BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1
166000
us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1
3052000
us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-290000
us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
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rgp Loss On Dissolution Of Subsidiaries
LossOnDissolutionOfSubsidiaries
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us-gaap Amortization Of Financing Costs
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us-gaap Asset Impairment Charges
AssetImpairmentCharges
826000
us-gaap Asset Impairment Charges
AssetImpairmentCharges
821000
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
434000
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
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us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
-10411000
us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
-318000
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
36399000
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
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us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
622000
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
1850000
us-gaap Increase Decrease In Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesReceivable
1036000
us-gaap Increase Decrease In Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesReceivable
7208000
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
220000
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-193000
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
2347000
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
11293000
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
576000
us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlans
5178000
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
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us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
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us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
-1146000
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-10482000
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
8245000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
22676000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
35371000
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
256000
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
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us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
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us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
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us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-2363000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlans
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us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
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us-gaap Payment For Contingent Consideration Liability Financing Activities
PaymentForContingentConsiderationLiabilityFinancingActivities
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us-gaap Payment For Contingent Consideration Liability Financing Activities
PaymentForContingentConsiderationLiabilityFinancingActivities
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us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
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us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
63000000
us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
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us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
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us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
13965000
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
13625000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-10444000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
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us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
7798000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
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CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
74391000
CY2020Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
82189000
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
84008000
us-gaap Nature Of Operations
NatureOfOperations
<span style="white-space:pre-wrap; font-family: 'Times New Roman', 'serif';font-size: 10pt;font-style: normal;font-weight: bold;margin: 0;padding: 0;">1. Description of the Company and its Business </span><p dir="ltr" style="font-family: 'Times New Roman', 'serif';font-size: 10pt;line-height: 108%;margin-bottom: .001pt;margin-left: 0;margin-right: 0;margin-top: 0;"><span style="white-space:pre-wrap; font-size: 10pt;font-style: normal;font-weight: normal;margin: 0;padding: 0;"> </span></p><p dir="ltr" style="font-family: 'Times New Roman', 'serif';font-size: 10pt;line-height: 108%;margin-bottom: .001pt;margin-left: 0;margin-right: 0;margin-top: 0;text-align: justify;text-indent: 0.50in;"><span style="white-space:pre-wrap; font-family: 'Times New Roman', 'serif';font-size: 10pt;font-style: normal;font-weight: normal;margin: 0;padding: 0;">Resources Connection, Inc. (the “Company”), a Delaware corporation, was incorporated on November 16, 1998. The Company’s operating entities provide services primarily under the name Resources Global Professionals. Resources Global Professionals is a global consulting firm helping businesses tackle transformation, change and compliance challenges by supplying the right professional talent and solutions. The Company’s principal markets of operations are the United States (“U.S.”), Europe, Asia Pacific, Mexico and Canada.</span></p><p dir="ltr" style="font-family: 'Times New Roman', 'serif';font-size: 10pt;line-height: 108%;margin-bottom: .001pt;margin-left: 0;margin-right: 0;margin-top: 0;text-indent: 0.38in;"><span style="white-space:pre-wrap; font-size: 10pt;font-style: normal;font-weight: normal;margin: 0;padding: 0;"> </span></p><p dir="ltr" style="font-family: 'Times New Roman', 'serif';font-size: 10pt;line-height: 108%;margin-bottom: .001pt;margin-left: 0;margin-right: 0;margin-top: 0;text-align: justify;text-indent: 0.50in;"><span style="white-space:pre-wrap; font-family: 'Times New Roman', 'serif';font-size: 10pt;font-style: normal;font-weight: normal;margin: 0;padding: 0;">The Company’s fiscal year consists of </span><span style="white-space:pre-wrap; font-family: 'Times New Roman', 'serif';font-size: 10pt;font-style: normal;font-weight: normal;margin: 0;padding: 0;">52</span><span style="white-space:pre-wrap; font-family: 'Times New Roman', 'serif';font-size: 10pt;font-style: normal;font-weight: normal;margin: 0;padding: 0;"> or </span><span style="white-space:pre-wrap; font-family: 'Times New Roman', 'serif';font-size: 10pt;font-style: normal;font-weight: normal;margin: 0;padding: 0;">53</span><span style="white-space:pre-wrap; font-family: 'Times New Roman', 'serif';font-size: 10pt;font-style: normal;font-weight: normal;margin: 0;padding: 0;"> weeks, ending on the </span><span style="white-space:pre-wrap; font-family: 'Times New Roman', 'serif';font-size: 10pt;font-style: normal;font-weight: normal;margin: 0;padding: 0;"><span style="white-space:pre-wrap; -sec-ix-hidden:ct-nonNumeric-16e44330-7bbd-421f-94a2-08326824d79a;">Saturday in May closest to May 31</span></span><span style="white-space:pre-wrap; font-family: 'Times New Roman', 'serif';font-size: 10pt;font-style: normal;font-weight: normal;margin: 0;padding: 0;">. The third quarters of fiscal 2022 and 2021 each consisted of </span><span style="white-space:pre-wrap; font-family: 'Times New Roman', 'serif';font-size: 10pt;font-style: normal;font-weight: normal;margin: 0;padding: 0;">13</span><span style="white-space:pre-wrap; font-family: 'Times New Roman', 'serif';font-size: 10pt;font-style: normal;font-weight: normal;margin: 0;padding: 0;"> weeks. The Company’s fiscal 2022 will consist of </span><span style="white-space:pre-wrap; font-family: 'Times New Roman', 'serif';font-size: 10pt;font-style: normal;font-weight: normal;margin: 0;padding: 0;">52</span><span style="white-space:pre-wrap; font-family: 'Times New Roman', 'serif';font-size: 10pt;font-style: normal;font-weight: normal;margin: 0;padding: 0;"> weeks.</span></p><span style="white-space:pre-wrap; font-family: 'Times New Roman', 'serif';font-size: 10pt;font-style: normal;font-weight: normal;margin: 0;padding: 0;"> </span>
us-gaap Fiscal Period
FiscalPeriod
<span style="white-space:pre-wrap; font-family: 'Times New Roman', 'serif';font-size: 10pt;font-style: normal;font-weight: normal;margin: 0;padding: 0;">The Company’s fiscal year consists of </span><span style="white-space:pre-wrap; font-family: 'Times New Roman', 'serif';font-size: 10pt;font-style: normal;font-weight: normal;margin: 0;padding: 0;">52</span><span style="white-space:pre-wrap; font-family: 'Times New Roman', 'serif';font-size: 10pt;font-style: normal;font-weight: normal;margin: 0;padding: 0;"> or </span><span style="white-space:pre-wrap; font-family: 'Times New Roman', 'serif';font-size: 10pt;font-style: normal;font-weight: normal;margin: 0;padding: 0;">53</span><span style="white-space:pre-wrap; font-family: 'Times New Roman', 'serif';font-size: 10pt;font-style: normal;font-weight: normal;margin: 0;padding: 0;"> weeks, ending on the </span><span style="white-space:pre-wrap; font-family: 'Times New Roman', 'serif';font-size: 10pt;font-style: normal;font-weight: normal;margin: 0;padding: 0;"><span style="white-space:pre-wrap; -sec-ix-hidden:ct-nonNumeric-16e44330-7bbd-421f-94a2-08326824d79a;">Saturday in May closest to May 31</span></span><span style="white-space:pre-wrap; font-family: 'Times New Roman', 'serif';font-size: 10pt;font-style: normal;font-weight: normal;margin: 0;padding: 0;">. The third quarters of fiscal 2022 and 2021 each consisted of </span><span style="white-space:pre-wrap; font-family: 'Times New Roman', 'serif';font-size: 10pt;font-style: normal;font-weight: normal;margin: 0;padding: 0;">13</span><span style="white-space:pre-wrap; font-family: 'Times New Roman', 'serif';font-size: 10pt;font-style: normal;font-weight: normal;margin: 0;padding: 0;"> weeks. The Company’s fiscal 2022 will consist of </span><span style="white-space:pre-wrap; font-family: 'Times New Roman', 'serif';font-size: 10pt;font-style: normal;font-weight: normal;margin: 0;padding: 0;">52</span><span style="white-space:pre-wrap; font-family: 'Times New Roman', 'serif';font-size: 10pt;font-style: normal;font-weight: normal;margin: 0;padding: 0;"> weeks.</span>
us-gaap Fiscal Period Duration
FiscalPeriodDuration
P91D
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
3
us-gaap Use Of Estimates
UseOfEstimates
<span style="white-space:pre-wrap; font-family: 'Times New Roman', 'serif';font-size: 10pt;font-style: italic;font-weight: bold;margin: 0;padding: 0;">Use of Estimates</span><p dir="ltr" style="font-family: 'Times New Roman', 'serif';font-size: 10pt;line-height: 108%;margin-bottom: .001pt;margin-left: 0.16in;margin-right: 0;margin-top: 0;text-align: justify;"><span style="white-space:pre-wrap; font-size: 10pt;font-style: normal;font-weight: normal;margin: 0;padding: 0;"> </span></p><p dir="ltr" style="font-family: 'Times New Roman', 'serif';font-size: 10pt;line-height: 108%;margin-bottom: .001pt;margin-left: 0;margin-right: 0;margin-top: 0;text-align: justify;text-indent: 0.50in;"><span style="white-space:pre-wrap; font-family: 'Times New Roman', 'serif';font-size: 10pt;font-style: normal;font-weight: normal;margin: 0;padding: 0;">The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Although management believes these estimates and assumptions are adequate, actual results could differ from the estimates and assumptions used.</span></p>
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
32422000
CY2022Q1 us-gaap Net Income Loss
NetIncomeLoss
19421000
CY2021Q1 us-gaap Net Income Loss
NetIncomeLoss
690000
us-gaap Net Income Loss
NetIncomeLoss
46648000
us-gaap Net Income Loss
NetIncomeLoss
1981000
CY2022Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
32738000
CY2021Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
32520000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
32951000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
32353000
CY2022Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
32738000
CY2021Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
32520000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
32951000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
32353000
CY2022Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
637000
CY2021Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
139000
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
605000
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
69000
CY2022Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
33375000
CY2021Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
32659000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
33556000
CY2022Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.59
CY2021Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.02
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.42
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.06
CY2022Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.58
CY2021Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.02
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.39
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.06
CY2022Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1924000
CY2021Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
4657000
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
2009000
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
5200000
CY2022Q1 us-gaap Business Combination Contingent Consideration Liability
BusinessCombinationContingentConsiderationLiability
0
CY2021Q2 us-gaap Business Combination Contingent Consideration Liability
BusinessCombinationContingentConsiderationLiability
7100000
CY2021Q4 us-gaap Payment For Contingent Consideration Liability Investing Activities
PaymentForContingentConsiderationLiabilityInvestingActivities
7000000.0
CY2022Q1 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
46400000
CY2021Q2 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
36200000
CY2022Q1 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
4500000
CY2021Q2 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
4600000
CY2022Q1 us-gaap Contract With Customer Performance Obligation Satisfied In Previous Period
ContractWithCustomerPerformanceObligationSatisfiedInPreviousPeriod
500000
us-gaap Contract With Customer Performance Obligation Satisfied In Previous Period
ContractWithCustomerPerformanceObligationSatisfiedInPreviousPeriod
2100000
CY2022Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
1300000
CY2021Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
1200000
CY2022Q1 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
18047000
CY2021Q2 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
37580000
CY2021Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
17340000
CY2021Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
20240000
rgp Number Of Legal Entities Dissolved
NumberOfLegalEntitiesDissolved
3
CY2022Q1 us-gaap Gain On Sale Of Investments
GainOnSaleOfInvestments
1100000
us-gaap Gain On Sale Of Investments
GainOnSaleOfInvestments
1000000.0
CY2022Q1 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
38632000
CY2022Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
20585000
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
3600000
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
4100000
CY2022Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
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FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
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FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
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CY2022Q1 rgp Finite Lived Intangible Assets Amortization Expense Years One To Five
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CY2021Q2 us-gaap Goodwill
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CY2022Q1 us-gaap Goodwill
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SubleaseIncome
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CY2022Q1 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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CY2022Q1 us-gaap Lessee Operating Lease Discount Rate
LesseeOperatingLeaseDiscountRate
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LesseeOperatingLeaseDiscountRate
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CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
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CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
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CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Two
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LesseeOperatingLeaseLiabilityPaymentsDueYearFour
1897000
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
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CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
25730000
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LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
1551000
CY2022Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
24179000
CY2022Q1 us-gaap Area Of Real Estate Property
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57000
CY2022Q1 us-gaap Operating Lease Lease Income
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48000
CY2021Q1 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
55000
us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
144000
us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
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CY2022Q1 us-gaap Lessor Operating Lease Payments To Be Received Next Twelve Months
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CY2022Q1 us-gaap Lessor Operating Lease Payments To Be Received Two Years
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219000
CY2022Q1 us-gaap Lessor Operating Lease Payments To Be Received Three Years
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219000
CY2022Q1 us-gaap Lessor Operating Lease Payments To Be Received Four Years
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CY2022Q1 us-gaap Income Tax Expense Benefit
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CY2021Q1 us-gaap Effective Income Tax Rate Continuing Operations
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CY2021Q4 rgp Treasury Shares Balance Increase Decrease
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CY2022Q1 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
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rgp Income Tax Benefit From Reversal Of Foreign Valuation Allowance
IncomeTaxBenefitFromReversalOfForeignValuationAllowance
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CY2022Q1 rgp Income Tax Benefit From Reversal Of Foreign Valuation Allowance
IncomeTaxBenefitFromReversalOfForeignValuationAllowance
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CY2022Q1 us-gaap Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Amount
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CY2021Q1 us-gaap Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Amount
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us-gaap Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Amount
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us-gaap Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Amount
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CY2021Q2 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
900000
CY2022Q1 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
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CY2022Q1 us-gaap Dividends Payable Amount Per Share
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CY2021Q1 us-gaap Restructuring Charges
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us-gaap Restructuring Charges
RestructuringCharges
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CY2022Q1 us-gaap Restructuring And Related Cost Cost Incurred To Date1
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us-gaap Income Taxes Paid
IncomeTaxesPaid
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CY2021Q1 us-gaap Dividends Payable Current And Noncurrent
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CY2021Q1 us-gaap Allocated Share Based Compensation Expense
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us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
5900000
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
4900000
CY2021Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
4556000
CY2021Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
15.78
us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
741000
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
14.43
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
83000
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
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us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod
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us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice
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CY2022Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
3528000
CY2022Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
16.02
CY2022Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
2863000
CY2022Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
15.61
CY2022Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableNumber
3463000
CY2022Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageExercisePrice
15.99
CY2020Q3 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1
CY2021Q1 us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1
2710000
us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1
166000
us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1
3052000
CY2022Q1 rgp Adjusted Eearnings Before Interest Taxes Depreciation And Amortization
AdjustedEearningsBeforeInterestTaxesDepreciationAndAmortization
22469000
CY2021Q1 rgp Adjusted Eearnings Before Interest Taxes Depreciation And Amortization
AdjustedEearningsBeforeInterestTaxesDepreciationAndAmortization
9469000
CY2022Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
204609000
CY2021Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
156631000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
587987000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
457199000
CY2022Q1 rgp Adjusted Eearnings Before Interest Taxes Depreciation And Amortization
AdjustedEearningsBeforeInterestTaxesDepreciationAndAmortization
22469000
CY2021Q1 rgp Adjusted Eearnings Before Interest Taxes Depreciation And Amortization
AdjustedEearningsBeforeInterestTaxesDepreciationAndAmortization
9469000
rgp Adjusted Eearnings Before Interest Taxes Depreciation And Amortization
AdjustedEearningsBeforeInterestTaxesDepreciationAndAmortization
69769000
rgp Adjusted Eearnings Before Interest Taxes Depreciation And Amortization
AdjustedEearningsBeforeInterestTaxesDepreciationAndAmortization
32082000
CY2022Q1 us-gaap Net Income Loss
NetIncomeLoss
19421000
CY2021Q1 us-gaap Net Income Loss
NetIncomeLoss
690000
us-gaap Net Income Loss
NetIncomeLoss
46648000
us-gaap Net Income Loss
NetIncomeLoss
1981000
CY2022Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
1321000
CY2021Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
1202000
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
3608000
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
4125000
CY2022Q1 us-gaap Depreciation
Depreciation
882000
CY2021Q1 us-gaap Depreciation
Depreciation
963000
us-gaap Depreciation
Depreciation
2694000
us-gaap Depreciation
Depreciation
2954000
CY2022Q1 us-gaap Interest Expense
InterestExpense
307000
CY2021Q1 us-gaap Interest Expense
InterestExpense
361000
us-gaap Interest Expense
InterestExpense
744000
us-gaap Interest Expense
InterestExpense
1316000
CY2022Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-2192000
CY2021Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1057000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
8561000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
5270000
CY2022Q1 rgp Earnings Before Interest Taxes Depreciation And Amortization
EarningsBeforeInterestTaxesDepreciationAndAmortization
19739000
CY2021Q1 rgp Earnings Before Interest Taxes Depreciation And Amortization
EarningsBeforeInterestTaxesDepreciationAndAmortization
4273000
rgp Earnings Before Interest Taxes Depreciation And Amortization
EarningsBeforeInterestTaxesDepreciationAndAmortization
62255000
rgp Earnings Before Interest Taxes Depreciation And Amortization
EarningsBeforeInterestTaxesDepreciationAndAmortization
15646000
CY2022Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
2202000
CY2021Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1834000
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
5851000
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
4939000
CY2022Q1 us-gaap Restructuring Charges
RestructuringCharges
67000
CY2021Q1 us-gaap Restructuring Charges
RestructuringCharges
652000
us-gaap Restructuring Charges
RestructuringCharges
807000
us-gaap Restructuring Charges
RestructuringCharges
8445000
CY2022Q1 rgp Technology Transformation Costs
TechnologyTransformationCosts
461000
rgp Technology Transformation Costs
TechnologyTransformationCosts
690000
rgp Adjusted Eearnings Before Interest Taxes Depreciation And Amortization
AdjustedEearningsBeforeInterestTaxesDepreciationAndAmortization
69769000
rgp Adjusted Eearnings Before Interest Taxes Depreciation And Amortization
AdjustedEearningsBeforeInterestTaxesDepreciationAndAmortization
32082000

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