Document_And_Entity_Informatio
Document And Entity Information | 9 Months Ended | ||
Sep. 28, 2014 | Oct. 24, 2014 | Oct. 24, 2014 | |
Common Class A | Common Class B | ||
Document Information [Line Items] | ' | ' | ' |
Entity Registrant Name | 'Kelly Services Inc | ' | ' |
Document Type | '10-Q | ' | ' |
Current Fiscal Year End Date | '--12-28 | ' | ' |
Entity Common Stock, Shares Outstanding | ' | 34,212,892 | 3,451,261 |
Amendment Flag | 'false | ' | ' |
Entity Central Index Key | '0000055135 | ' | ' |
Entity Current Reporting Status | 'Yes | ' | ' |
Entity Filer Category | 'Accelerated Filer | ' | ' |
Document Period End Date | 28-Sep-14 | ' | ' |
Document Fiscal Year Focus | '2014 | ' | ' |
Document Fiscal Period Focus | 'Q3 | ' | ' |
Consolidated_Statements_of_Ear
Consolidated Statements of Earnings (Unaudited) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Millions, except Per Share data, unless otherwise specified | Sep. 28, 2014 | Sep. 29, 2013 | Sep. 28, 2014 | Sep. 29, 2013 |
Income Statement [Abstract] | ' | ' | ' | ' |
Revenue from services | $1,396.40 | $1,345.60 | $4,137.70 | $4,027.30 |
Cost of services | 1,171 | 1,125.20 | 3,461.90 | 3,369.30 |
Gross profit | 225.4 | 220.4 | 675.8 | 658 |
Selling, general and administrative expenses | 218.3 | 200.2 | 656.5 | 612.6 |
Asset impairments | 0 | 0 | 0 | 1.7 |
Earnings from operations | 7.1 | 20.2 | 19.3 | 43.7 |
Other expense, net | 2.2 | 1.3 | 4.2 | 3.9 |
Earnings before taxes | 4.9 | 18.9 | 15.1 | 39.8 |
Income tax expense (benefit) | 3.5 | 0.1 | 8.4 | -1.9 |
Net earnings | $1.40 | $18.80 | $6.70 | $41.70 |
Basic earnings per share (in Dollars per share) | $0.03 | $0.49 | $0.17 | $1.09 |
Diluted earnings per share (in Dollars per share) | $0.03 | $0.49 | $0.17 | $1.09 |
Dividends per share (in Dollars per share) | $0.05 | $0.05 | $0.15 | $0.15 |
Average shares outstanding (millions): | ' | ' | ' | ' |
Basic (in Shares) | 37.6 | 37.4 | 37.5 | 37.2 |
Diluted (in Shares) | 37.6 | 37.4 | 37.5 | 37.3 |
Consolidated_Statements_of_Com
Consolidated Statements of Comprehensive Income (Unaudited) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Millions, unless otherwise specified | Sep. 28, 2014 | Sep. 29, 2013 | Sep. 28, 2014 | Sep. 29, 2013 |
Statement of Comprehensive Income [Abstract] | ' | ' | ' | ' |
Net earnings | $1.40 | $18.80 | $6.70 | $41.70 |
Other comprehensive income, net of tax: | ' | ' | ' | ' |
Foreign currency translation adjustments, net of tax benefit of $0.3, benefit of $0.0, expense of $0.0 and benefit of $0.1, respectively | -12.6 | 4.7 | -10.4 | -4.7 |
Less: Reclassification adjustments included in net earnings | -0.6 | 0 | -0.6 | 0 |
Foreign currency translation adjustments | -13.2 | 4.7 | -11 | -4.7 |
Unrealized (losses) gains on investment, net of tax benefit of $0.4, expense of $2.3, $5.8 and $13.3, respectively | -1.9 | 4.5 | 8.6 | 28.3 |
Pension liability adjustments, net of tax of $0.0 | 0 | -0.2 | 0 | -0.2 |
Other comprehensive (loss) income | -15.1 | 9 | -2.4 | 23.4 |
Comprehensive (Loss) Income | ($13.70) | $27.80 | $4.30 | $65.10 |
Consolidated_Statements_of_Com1
Consolidated Statements of Comprehensive Income (Unaudited) (Parentheticals) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Millions, unless otherwise specified | Sep. 28, 2014 | Sep. 29, 2013 | Sep. 28, 2014 | Sep. 29, 2013 |
Statement of Comprehensive Income [Abstract] | ' | ' | ' | ' |
Foreign currency translation adjustments, tax expense (benefit) | ($0.30) | $0 | $0 | ($0.10) |
Tax expense (benefit) on unrealized gains (losses) | -0.4 | 2.3 | 5.8 | 13.3 |
Pension liability adjustments, tax expense (benefit) | $0 | $0 | $0 | $0 |
Consolidated_Balance_Sheets_Un
Consolidated Balance Sheets (Unaudited) (USD $) | Sep. 28, 2014 | Dec. 29, 2013 |
In Millions, unless otherwise specified | ||
CURRENT ASSETS: | ' | ' |
Cash and equivalents | $51.60 | $125.70 |
Trade accounts receivable, less allowances of $9.2 and $9.9, respectively | 1,158.10 | 1,023.10 |
Prepaid expenses and other current assets | 56.8 | 52.2 |
Deferred taxes | 28.9 | 35.5 |
Total current assets | 1,295.40 | 1,236.50 |
PROPERTY AND EQUIPMENT: | ' | ' |
Property and equipment | 357.4 | 350.5 |
Accumulated depreciation | -266.3 | -258.5 |
Net property and equipment | 91.1 | 92 |
NONCURRENT DEFERRED TAXES | 132.7 | 121.7 |
GOODWILL, NET | 90.3 | 90.3 |
OTHER ASSETS | 291.5 | 258.1 |
TOTAL ASSETS | 1,901 | 1,798.60 |
CURRENT LIABILITIES: | ' | ' |
Short-term borrowings | 88.7 | 28.3 |
Accounts payable and accrued liabilities | 339 | 342.4 |
Accrued payroll and related taxes | 318.6 | 294.9 |
Accrued insurance | 24.4 | 27.6 |
Income and other taxes | 74 | 68.8 |
Total current liabilities | 844.7 | 762 |
NONCURRENT LIABILITIES: | ' | ' |
Accrued insurance | 43.4 | 46 |
Accrued retirement benefits | 146.6 | 134.7 |
Other long-term liabilities | 40.7 | 33.3 |
Total noncurrent liabilities | 230.7 | 214 |
Commitments and Contingencies | ' | ' |
Treasury stock, at cost | ' | ' |
Paid-in capital | 26.7 | 26 |
Earnings invested in the business | 752.3 | 751.3 |
Accumulated other comprehensive income | 59 | 61.4 |
Total stockholders' equity | 825.6 | 822.6 |
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY | 1,901 | 1,798.60 |
Common Class A | ' | ' |
Capital stock, $1.00 par value | ' | ' |
Common stock, value | 36.6 | 36.6 |
Treasury stock, at cost | ' | ' |
Treasury stock, value | -51.9 | -55.6 |
Total stockholders' equity | 36.6 | 36.6 |
Common Class B | ' | ' |
Capital stock, $1.00 par value | ' | ' |
Common stock, value | 3.5 | 3.5 |
Treasury stock, at cost | ' | ' |
Treasury stock, value | -0.6 | -0.6 |
Total stockholders' equity | $3.50 | $3.50 |
Consolidated_Balance_Sheets_Un1
Consolidated Balance Sheets (Unaudited) (Parentheticals) (USD $) | Sep. 28, 2014 | Dec. 29, 2013 |
In Millions, except Per Share data, unless otherwise specified | ||
Allowance for trade accounts receivable (in Dollars) | $9.20 | $9.90 |
Common Class A | ' | ' |
Common stock, par value (in Dollars per share) | $1 | $1 |
Common stock, shares issued | 36.6 | 36.6 |
Treasury stock, Class A shares | 2.5 | 2.7 |
Common Class B | ' | ' |
Common stock, par value (in Dollars per share) | $1 | $1 |
Common stock, shares issued | 3.5 | 3.5 |
Consolidated_Statements_of_Sto
Consolidated Statements of Stockholders' Equity (Unaudited) (USD $) | Total | Common Class A | Common Class B | Common Class A Treasury Stock | Common Class B Treasury Stock | Additional Paid-in Capital | Earnings Invested In The Business | Accumulated Other Comprehensive Income |
In Millions, unless otherwise specified | ||||||||
Balance at Jun. 30, 2013 | ' | $36.60 | $3.50 | ($60) | ($0.60) | $28.90 | $719.10 | $49.80 |
Increase (Decrease) in Stockholders' Equity | ' | ' | ' | ' | ' | ' | ' | ' |
Issuance of restricted stock and other | ' | ' | ' | 3.1 | ' | ' | ' | ' |
Issuance of restricted stock and other | ' | ' | ' | ' | ' | -2.8 | ' | ' |
Net earnings | 18.8 | ' | ' | ' | ' | ' | 18.8 | ' |
Dividends | ' | ' | ' | ' | ' | ' | -1.9 | ' |
Other comprehensive income, net of tax | 9 | ' | ' | ' | ' | ' | ' | 9 |
Balance at Sep. 29, 2013 | 803.5 | 36.6 | 3.5 | -56.9 | -0.6 | 26.1 | 736 | 58.8 |
Balance at Dec. 30, 2012 | ' | 36.6 | 3.5 | -61 | -0.6 | 27.1 | 700 | 35.4 |
Increase (Decrease) in Stockholders' Equity | ' | ' | ' | ' | ' | ' | ' | ' |
Issuance of restricted stock and other | ' | ' | ' | 4.1 | ' | ' | ' | ' |
Issuance of restricted stock and other | ' | ' | ' | ' | ' | -1 | ' | ' |
Net earnings | 41.7 | ' | ' | ' | ' | ' | 41.7 | ' |
Dividends | ' | ' | ' | ' | ' | ' | -5.7 | ' |
Other comprehensive income, net of tax | 23.4 | ' | ' | ' | ' | ' | ' | 23.4 |
Balance at Sep. 29, 2013 | 803.5 | 36.6 | 3.5 | -56.9 | -0.6 | 26.1 | 736 | 58.8 |
Balance at Dec. 29, 2013 | 822.6 | 36.6 | 3.5 | -55.6 | -0.6 | 26 | 751.3 | 61.4 |
Increase (Decrease) in Stockholders' Equity | ' | ' | ' | ' | ' | ' | ' | ' |
Issuance of restricted stock and other | ' | ' | ' | 3.7 | ' | ' | ' | ' |
Issuance of restricted stock and other | ' | ' | ' | ' | ' | 0.7 | ' | ' |
Net earnings | 6.7 | ' | ' | ' | ' | ' | 6.7 | ' |
Dividends | ' | ' | ' | ' | ' | ' | -5.7 | ' |
Other comprehensive income, net of tax | -2.4 | ' | ' | ' | ' | ' | ' | -2.4 |
Balance at Sep. 28, 2014 | 825.6 | 36.6 | 3.5 | -51.9 | -0.6 | 26.7 | 752.3 | 59 |
Balance at Jun. 29, 2014 | ' | 36.6 | 3.5 | -54.9 | -0.6 | 29 | 752.8 | 74.1 |
Increase (Decrease) in Stockholders' Equity | ' | ' | ' | ' | ' | ' | ' | ' |
Issuance of restricted stock and other | ' | ' | ' | 3 | ' | ' | ' | ' |
Issuance of restricted stock and other | ' | ' | ' | ' | ' | -2.3 | ' | ' |
Net earnings | 1.4 | ' | ' | ' | ' | ' | 1.4 | ' |
Dividends | ' | ' | ' | ' | ' | ' | -1.9 | ' |
Other comprehensive income, net of tax | -15.1 | ' | ' | ' | ' | ' | ' | -15.1 |
Balance at Sep. 28, 2014 | $825.60 | $36.60 | $3.50 | ($51.90) | ($0.60) | $26.70 | $752.30 | $59 |
Consolidated_Statements_of_Cas
Consolidated Statements of Cash Flows (Unaudited) (USD $) | 9 Months Ended | |
In Millions, unless otherwise specified | Sep. 28, 2014 | Sep. 29, 2013 |
Cash flows from operating activities: | ' | ' |
Net earnings | $6.70 | $41.70 |
Noncash adjustments: | ' | ' |
Asset impairments | 0 | 1.7 |
Depreciation and amortization | 16.2 | 15.4 |
Provision for bad debts | 3.6 | 1.1 |
Stock-based compensation | 4.1 | 2.7 |
Other, net | 1.3 | 0.7 |
Changes in operating assets and liabilities | -140.9 | -41.4 |
Net cash (used in) from operating activities | -109 | 21.9 |
Cash flows from investing activities: | ' | ' |
Capital expenditures | -15 | -11.7 |
Investment in equity affiliate | -5.4 | 0 |
Other investing activities | 0.2 | 0 |
Net cash used in investing activities | -20.2 | -11.7 |
Cash flows from financing activities: | ' | ' |
Net change in short-term borrowings | 60.4 | -6.1 |
Dividend payments | -5.7 | -5.7 |
Other financing activities | 0.4 | 0.3 |
Net cash from (used in) financing activities | 55.1 | -11.5 |
Effect of exchange rates on cash and equivalents | 0 | -1.1 |
Net change in cash and equivalents | -74.1 | -2.4 |
Cash and equivalents at beginning of period | 125.7 | 76.3 |
Cash and equivalents at end of period | $51.60 | $73.90 |
Basis_of_Presentation
Basis of Presentation | 9 Months Ended |
Sep. 28, 2014 | |
Accounting Policies [Abstract] | ' |
Basis of Presentation | ' |
Basis of Presentation | |
The accompanying unaudited consolidated financial statements of Kelly Services, Inc. (the “Company,” “Kelly,” “we” or “us”) have been prepared in accordance with Rule 10-01 of Regulation S-X and do not include all the information and notes required by generally accepted accounting principles for complete financial statements. All adjustments, including normal recurring adjustments, have been made which, in the opinion of management, are necessary for a fair statement of the results of the interim periods. The results of operations for such interim periods are not necessarily indicative of results of operations for a full year. The unaudited consolidated financial statements should be read in conjunction with the Company’s consolidated financial statements and notes thereto for the fiscal year ended December 29, 2013, included in the Company’s Annual Report on Form 10-K filed with the Securities and Exchange Commission on February 13, 2014 (the 2013 consolidated financial statements). The Company’s third fiscal quarter ended on September 28, 2014 (2014) and September 29, 2013 (2013), each of which contained 13 weeks. The corresponding September year to date periods for 2014 and 2013 each contained 39 weeks. | |
The consolidated financial statements include the accounts of the Company and its wholly owned subsidiaries. All intercompany balances and transactions have been eliminated. During the third quarter of 2013, the Company determined that both cash and equivalents and accrued payroll and related taxes were understated by $4.8 million as of December 30, 2012. The Company determined that the impact of this error on the consolidated balance sheets and consolidated statements of cash flows was not material. As a result of correcting the error in the third quarter of 2013, changes in operating assets and liabilities and net cash from operating activities are both overstated by $4.8 million in the consolidated statements of cash flows for the 39 weeks ended September 29, 2013. Effective with the first quarter of 2014, the project-based legal services business in the Americas PT segment was reclassified to the OCG segment and the prior period was recast to conform to the current presentation. |
Fair_Value_Measurements
Fair Value Measurements | 9 Months Ended | ||||||||||||||||
Sep. 28, 2014 | |||||||||||||||||
Fair Value Disclosures [Abstract] | ' | ||||||||||||||||
Fair Value Measurements | ' | ||||||||||||||||
Fair Value Measurements | |||||||||||||||||
Trade accounts receivable, accounts payable, accrued liabilities, accrued payroll and related taxes and short-term borrowings approximate their fair values due to the short-term maturities of these assets and liabilities. | |||||||||||||||||
Assets Measured at Fair Value on a Recurring Basis | |||||||||||||||||
The following tables present assets measured at fair value on a recurring basis on the consolidated balance sheet as of third quarter-end 2014 and year-end 2013 by fair value hierarchy level, as described below. | |||||||||||||||||
Level 1 measurements consist of unadjusted quoted prices in active markets for identical assets or liabilities. Level 2 measurements include quoted prices in markets that are not active or model inputs that are observable either directly or indirectly for substantially the full term of the asset or liability. Level 3 measurements include significant unobservable inputs. | |||||||||||||||||
Fair Value Measurements on a Recurring Basis | |||||||||||||||||
As of Third Quarter-End 2014 | |||||||||||||||||
Description | Total | Level 1 | Level 2 | Level 3 | |||||||||||||
(In millions of dollars) | |||||||||||||||||
Money market funds | $ | 3.3 | $ | 3.3 | $ | — | $ | — | |||||||||
Available-for-sale investment | 94.3 | 94.3 | — | — | |||||||||||||
Total assets at fair value | $ | 97.6 | $ | 97.6 | $ | — | $ | — | |||||||||
Fair Value Measurements on a Recurring Basis | |||||||||||||||||
As of Year-End 2013 | |||||||||||||||||
Description | Total | Level 1 | Level 2 | Level 3 | |||||||||||||
(In millions of dollars) | |||||||||||||||||
Money market funds | $ | 2.9 | $ | 2.9 | $ | — | $ | — | |||||||||
Available-for-sale investment | 80.7 | 80.7 | — | — | |||||||||||||
Total assets at fair value | $ | 83.6 | $ | 83.6 | $ | — | $ | — | |||||||||
Money market funds as of third quarter-end 2014 and as of year-end 2013 represent investments in money market accounts, all of which are restricted as to use and are included in other assets on the consolidated balance sheet. The valuations were based on quoted market prices of those accounts as of the respective period end. | |||||||||||||||||
Available-for-sale investment represents the Company’s investment in Temp Holdings Co., Ltd. (“Temp Holdings”), a leading integrated human resources company in Japan, and is included in other assets on the consolidated balance sheet. The valuation is based on the quoted market price of Temp Holdings stock on the Tokyo Stock Exchange as of the period end. The unrealized loss, net of tax, of $1.9 million for the third quarter of 2014 and the unrealized gain, net of tax, of $4.5 million for the third quarter of 2013 was recorded in other comprehensive income, as well as in accumulated other comprehensive income, a component of stockholders’ equity. The unrealized gain, net of tax, of $8.6 million for September year to date 2014 and unrealized gain, net of tax, of $28.3 million for September year to date 2013 was recorded in other comprehensive income, as well as in accumulated other comprehensive income. The cost of this yen-denominated investment, which fluctuates based on foreign exchange rates, was $19.0 million as of the third quarter-end 2014 and $19.7 million at year-end 2013. | |||||||||||||||||
Assets Measured at Fair Value on a Nonrecurring Basis | |||||||||||||||||
We evaluate long-lived assets, including intangible assets, for impairment whenever events or changes in circumstances indicate that the carrying value of an asset may not be recoverable, based on estimated undiscounted future cash flows. During the second quarter of 2013, a triggering event for the evaluation of certain long-lived assets for impairment occurred as the Company made the decision to exit the executive search business operating in an asset group within Germany that was associated with the OCG business segment. Based on the Company’s estimates as of the 2013 second quarter-end, a $1.7 million reduction in the carrying value of OCG intangible assets was recorded. The resulting expense was recorded in the asset impairments line on the consolidated statement of earnings. |
Restructuring
Restructuring | 9 Months Ended | |||||||||||||||||||||||
Sep. 28, 2014 | ||||||||||||||||||||||||
Restructuring and Related Activities [Abstract] | ' | |||||||||||||||||||||||
Restructuring and Related Activities Disclosure | ' | |||||||||||||||||||||||
Restructuring | ||||||||||||||||||||||||
On September 15, 2014, the Board of Directors of the Company approved a management simplification restructuring plan ("Plan") that was subsequently communicated to Kelly personnel in October 2014. We expect to complete this Plan during the fourth quarter of 2014. | ||||||||||||||||||||||||
We began 2014 with a firm commitment to growth and a clear plan for accelerating Kelly's strategic priorities through significant investments in our PT specialties, our OCG practices and our centralized approach to servicing large customers. We have executed these investments on schedule, and the Plan now brings additional efficiency to our operating models across the organization by: | ||||||||||||||||||||||||
• | In the Americas segment: | |||||||||||||||||||||||
◦ | Streamlining our local U.S. field operations through the closure or consolidation of approximately 50 branches | |||||||||||||||||||||||
◦ | Simplifying our centralized large account delivery structure | |||||||||||||||||||||||
◦ | Simplifying our U.S. management structure | |||||||||||||||||||||||
• | Continuing to align OCG resources more efficiently against areas that deliver rapid growth and return on investment | |||||||||||||||||||||||
• | Optimizing our headquarters operations | |||||||||||||||||||||||
Estimated headcount reduction related to the above actions is approximately 100 permanent positions across our global workforce, including several senior leadership positions that will be vacated at the end of December 2014. The headcount reduction related to the Americas segment is estimated to be 40 positions, OCG headcount is estimated to be reduced by 5 positions and corporate headquarters is estimated to be reduced by 55 positions. | ||||||||||||||||||||||||
Related to this Plan, we reported restructuring charges of $3.7 million, consisting entirely of severance costs, in the third quarter of 2014. These severance costs include contract termination costs of $2.9 million and substantive plan costs of $0.8 million. Subsequent restructuring charges, to be incurred in the fourth quarter, are estimated to range between $5.3 million to $6.3 million and will include additional severance, as well as lease termination costs of approximately $2.0 million. | ||||||||||||||||||||||||
We estimate restructuring charges to total between $9.0 million to $10.0 million, as detailed below, and will be recorded entirely in corporate selling, general and administrative expenses. The majority of these costs will result in future cash expenditures, starting in the fourth quarter of 2014. | ||||||||||||||||||||||||
Severance Costs | Lease Termination Costs | Total | ||||||||||||||||||||||
(In millions of dollars) | ||||||||||||||||||||||||
Range | Range | Range | ||||||||||||||||||||||
Americas | $ | 1.8 | - | $ | 2 | $ | 1.9 | - | $ | 2.1 | $ | 3.7 | - | $ | 4.1 | |||||||||
OCG | 1.3 | - | 1.5 | 0 | - | 0 | 1.3 | - | 1.5 | |||||||||||||||
Headquarters | 4 | - | 4.4 | 0 | - | 0 | 4 | - | 4.4 | |||||||||||||||
Total | $ | 7.1 | - | $ | 7.9 | $ | 1.9 | - | $ | 2.1 | $ | 9 | - | $ | 10 | |||||||||
Goodwill
Goodwill | 9 Months Ended | |||||||||||||||||||||||
Sep. 28, 2014 | ||||||||||||||||||||||||
Goodwill and Intangible Assets Disclosure [Abstract] | ' | |||||||||||||||||||||||
Goodwill | ' | |||||||||||||||||||||||
Goodwill | ||||||||||||||||||||||||
The changes in the net carrying amount of goodwill for September year to date 2014 are included in the table below. Effective with the first quarter of 2014, the project-based legal services business in the Americas PT segment was reclassified to the OCG segment. Accordingly, the related portion of Americas PT goodwill was reclassified to OCG during the first quarter of 2014. | ||||||||||||||||||||||||
As of Year-End 2013 | As of Third Quarter-End 2014 | |||||||||||||||||||||||
Goodwill, | Accumulated Impairment Losses | Adjustments | Goodwill, | Accumulated Impairment Losses | Goodwill, | |||||||||||||||||||
Gross | to Goodwill | Gross | Net | |||||||||||||||||||||
(In millions of dollars) | ||||||||||||||||||||||||
Americas | ||||||||||||||||||||||||
Americas Commercial | $ | 40 | $ | (16.4 | ) | $ | — | $ | 40 | $ | (16.4 | ) | $ | 23.6 | ||||||||||
Americas PT | 39.2 | — | (1.3 | ) | 37.9 | — | 37.9 | |||||||||||||||||
Total Americas | 79.2 | (16.4 | ) | (1.3 | ) | 77.9 | (16.4 | ) | 61.5 | |||||||||||||||
EMEA | ||||||||||||||||||||||||
EMEA Commercial | 50.4 | (50.4 | ) | — | 50.4 | (50.4 | ) | — | ||||||||||||||||
EMEA PT | 22 | (22.0 | ) | — | 22 | (22.0 | ) | — | ||||||||||||||||
Total EMEA | 72.4 | (72.4 | ) | — | 72.4 | (72.4 | ) | — | ||||||||||||||||
APAC | ||||||||||||||||||||||||
APAC Commercial | 12.1 | (12.1 | ) | — | 12.1 | (12.1 | ) | — | ||||||||||||||||
APAC PT | 1.4 | — | — | 1.4 | — | 1.4 | ||||||||||||||||||
Total APAC | 13.5 | (12.1 | ) | — | 13.5 | (12.1 | ) | 1.4 | ||||||||||||||||
OCG | 26.1 | — | 1.3 | 27.4 | — | 27.4 | ||||||||||||||||||
Consolidated Total | $ | 191.2 | $ | (100.9 | ) | $ | — | $ | 191.2 | $ | (100.9 | ) | $ | 90.3 | ||||||||||
Accumulated_Other_Comprehensiv
Accumulated Other Comprehensive Income | 9 Months Ended | |||||||||||||||
Sep. 28, 2014 | ||||||||||||||||
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract] | ' | |||||||||||||||
Accumulated Other Comprehensive Income | ' | |||||||||||||||
Accumulated Other Comprehensive Income | ||||||||||||||||
The changes in accumulated other comprehensive income by component, net of tax, for the third quarter and September year to date 2014 and 2013 are included in the tables below. Amounts in parentheses indicate debits. Reclassification adjustments out of accumulated other comprehensive income for the third quarter and September year to date 2014 totaled $0.6 million, which was recorded in the other expense, net line item in the consolidated statement of earnings. Reclassification adjustments for 2013 were not significant. | ||||||||||||||||
Third Quarter 2014 | ||||||||||||||||
Foreign | Unrealized | Pension | Total | |||||||||||||
Currency | Gains and | Liability Adjustments | ||||||||||||||
Translation Adjustments | Losses on Investment | |||||||||||||||
(In millions of dollars) | ||||||||||||||||
Beginning balance | $ | 20.3 | $ | 55.3 | $ | (1.5 | ) | $ | 74.1 | |||||||
Other comprehensive income (loss) before reclassifications | (12.6 | ) | (1.9 | ) | — | (14.5 | ) | |||||||||
Amounts reclassified from accumulated other comprehensive income | (0.6 | ) | — | — | (0.6 | ) | ||||||||||
Net current-period other comprehensive income | (13.2 | ) | (1.9 | ) | — | (15.1 | ) | |||||||||
Ending balance | $ | 7.1 | $ | 53.4 | $ | (1.5 | ) | $ | 59 | |||||||
September Year to Date 2014 | ||||||||||||||||
Foreign | Unrealized | Pension | Total | |||||||||||||
Currency | Gains and | Liability Adjustments | ||||||||||||||
Translation Adjustments | Losses on Investment | |||||||||||||||
(In millions of dollars) | ||||||||||||||||
Beginning balance | $ | 18.1 | $ | 44.8 | $ | (1.5 | ) | $ | 61.4 | |||||||
Other comprehensive income (loss) before reclassifications | (10.4 | ) | 8.6 | — | (1.8 | ) | ||||||||||
Amounts reclassified from accumulated other comprehensive income | (0.6 | ) | — | — | (0.6 | ) | ||||||||||
Net current-period other comprehensive income | (11.0 | ) | 8.6 | — | (2.4 | ) | ||||||||||
Ending balance | $ | 7.1 | $ | 53.4 | $ | (1.5 | ) | $ | 59 | |||||||
Third Quarter 2013 | ||||||||||||||||
Foreign | Unrealized | Pension | Total | |||||||||||||
Currency | Gains and | Liability Adjustments | ||||||||||||||
Translation Adjustments | Losses on Investment | |||||||||||||||
(In millions of dollars) | ||||||||||||||||
Beginning balance | $ | 15.5 | $ | 37.4 | $ | (3.1 | ) | $ | 49.8 | |||||||
Other comprehensive income (loss) | 4.7 | 4.5 | (0.2 | ) | 9 | |||||||||||
Ending balance | $ | 20.2 | $ | 41.9 | $ | (3.3 | ) | $ | 58.8 | |||||||
September Year to Date 2013 | ||||||||||||||||
Foreign | Unrealized | Pension | Total | |||||||||||||
Currency | Gains and | Liability Adjustments | ||||||||||||||
Translation Adjustments | Losses on Investment | |||||||||||||||
(In millions of dollars) | ||||||||||||||||
Beginning balance | $ | 24.9 | $ | 13.6 | $ | (3.1 | ) | $ | 35.4 | |||||||
Other comprehensive income (loss) | (4.7 | ) | 28.3 | (0.2 | ) | 23.4 | ||||||||||
Ending balance | $ | 20.2 | $ | 41.9 | $ | (3.3 | ) | $ | 58.8 | |||||||
Earnings_Per_Share
Earnings Per Share | 9 Months Ended | |||||||||||||||
Sep. 28, 2014 | ||||||||||||||||
Earnings Per Share [Abstract] | ' | |||||||||||||||
Earnings Per Share | ' | |||||||||||||||
Earnings Per Share | ||||||||||||||||
The reconciliation of basic and diluted earnings per share on common stock for the third quarter and September year to date 2014 and 2013 follows (in millions of dollars except per share data): | ||||||||||||||||
Third Quarter | September Year to Date | |||||||||||||||
2014 | 2013 | 2014 | 2013 | |||||||||||||
Net Earnings | $ | 1.4 | $ | 18.8 | $ | 6.7 | $ | 41.7 | ||||||||
Less: Earnings allocated to participating securities | — | (0.4 | ) | (0.2 | ) | (1.0 | ) | |||||||||
Net Earnings available to common shareholders | $ | 1.4 | $ | 18.4 | $ | 6.5 | $ | 40.7 | ||||||||
Basic earnings per share on common stock | $ | 0.03 | $ | 0.49 | $ | 0.17 | $ | 1.09 | ||||||||
Diluted earnings per share on common stock | $ | 0.03 | $ | 0.49 | $ | 0.17 | $ | 1.09 | ||||||||
Average common shares outstanding (millions) | ||||||||||||||||
Basic | 37.6 | 37.4 | 37.5 | 37.2 | ||||||||||||
Diluted | 37.6 | 37.4 | 37.5 | 37.3 | ||||||||||||
Stock options representing 0.0 million and 0.2 million shares, respectively, for the third quarter 2014 and 2013 and 0.1 million and 0.3 million shares, respectively, for September year to date 2014 and 2013, were excluded from the computation of diluted earnings per share due to their anti-dilutive effect. |
Other_Expense_Net
Other Expense, Net | 9 Months Ended | |||||||||||||||
Sep. 28, 2014 | ||||||||||||||||
Other Income and Expenses [Abstract] | ' | |||||||||||||||
Other Expense, Net | ' | |||||||||||||||
Other Expense, Net | ||||||||||||||||
Included in other expense, net for the third quarter and September year to date 2014 and 2013 are the following: | ||||||||||||||||
Third Quarter | September Year to Date | |||||||||||||||
2014 | 2013 | 2014 | 2013 | |||||||||||||
(In millions of dollars) | ||||||||||||||||
Interest income | $ | 0.1 | $ | 0.1 | $ | 0.3 | $ | 0.3 | ||||||||
Interest expense | (0.7 | ) | (0.7 | ) | (2.0 | ) | (2.2 | ) | ||||||||
Dividend income | — | — | 0.4 | 0.3 | ||||||||||||
Net loss on equity investment | (1.5 | ) | (0.3 | ) | (2.3 | ) | (1.1 | ) | ||||||||
Foreign exchange losses | (0.1 | ) | (0.4 | ) | (0.6 | ) | (1.2 | ) | ||||||||
Other expense, net | $ | (2.2 | ) | $ | (1.3 | ) | $ | (4.2 | ) | $ | (3.9 | ) |
Contingencies
Contingencies | 9 Months Ended |
Sep. 28, 2014 | |
Commitments and Contingencies Disclosure [Abstract] | ' |
Contingencies | ' |
Contingencies | |
During the fourth quarter of 2013, a Louisiana jury rendered an award of $4.4 million, pursuant to litigation brought by Robert and Margaret Ward against the Jefferson Parish School Board and Kelly Services. Under the verdict, Kelly’s share of the liability consists of $2.7 million plus a portion of pre- and post-judgment interest. During April 2014, Kelly reached an agreement with the plaintiffs pursuant to which Kelly and its primary insurer agreed to pay $1.0 million to the plaintiffs to satisfy the judgment against the primary insurer and Kelly, however, Kelly's umbrella/excess insurer elected to continue to appeal the decision. In April 2014, Kelly paid $0.25 million of the settlement amount, which was previously accrued, and our primary insurer paid $0.75 million. Per the terms of the settlement with Kelly and its primary insurer, Plaintiffs must first exhaust all legal remedies to collect from our umbrella/excess insurer and its surety before pursuing Kelly for any remaining verdict amount that may be owed at the conclusion of the appellate process. Kelly’s umbrella/excess insurer recently reached a tentative settlement agreement with the plaintiffs under which Kelly would bear no additional financial obligations. However, until such time as that agreement is finalized and entered into judgment by the court, Kelly remains a nominal defendant with respect to the portion covered by the umbrella/excess insurer. Should the tentative settlement agreement with the umbrella/excess insurer not be finalized, Kelly's umbrella/excess insurer would remain responsible for any remaining verdict amounts owed plus related costs and interest. | |
The Company is continuously engaged in litigation arising in the ordinary course of its business, typically matters alleging employment discrimination, alleging wage and hour violations or enforcing the restrictive covenants in the Company’s employment agreements. While there is no expectation that any of these matters will have a material adverse effect on the Company’s results of operations, financial position or cash flows, litigation is always subject to inherent uncertainty and the Company is not able to reasonably predict if any matter will be resolved in a manner that is materially adverse to the Company. |
Segment_Disclosures
Segment Disclosures | 9 Months Ended | |||||||||||||||
Sep. 28, 2014 | ||||||||||||||||
Segment Reporting [Abstract] | ' | |||||||||||||||
Segment Disclosures | ' | |||||||||||||||
Segment Disclosures | ||||||||||||||||
The Company’s segments are based on the organizational structure for which financial results are regularly evaluated by the Company’s chief operating decision maker to determine resource allocation and assess performance. The Company’s seven reporting segments are: (1) Americas Commercial, (2) Americas Professional and Technical (“Americas PT”), (3) Europe, Middle East and Africa Commercial (“EMEA Commercial”), (4) Europe, Middle East and Africa Professional and Technical (“EMEA PT”), (5) Asia Pacific Commercial (“APAC Commercial”), (6) Asia Pacific Professional and Technical (“APAC PT”) and (7) Outsourcing and Consulting Group (“OCG”). | ||||||||||||||||
The Commercial business segments within the Americas, EMEA and APAC regions represent traditional office services, contact-center staffing, marketing, electronic assembly, light industrial and, in the Americas, substitute teachers. The PT segments encompass a wide range of highly skilled temporary employees, including scientists, financial professionals, attorneys, engineers, IT specialists and healthcare workers. OCG includes recruitment process outsourcing (“RPO”), contingent workforce outsourcing (“CWO”), business process outsourcing (“BPO”), payroll process outsourcing (“PPO”), executive placement and career transition/outplacement services. Corporate expenses that directly support the operating units have been allocated to the Americas, EMEA and APAC regions and OCG based on a work effort, volume or, in the absence of a readily available measurement process, proportionately based on revenue from services. | ||||||||||||||||
The following tables present information about the reported revenue from services and gross profit of the Company by segment, along with a reconciliation to consolidated earnings before taxes, for the third quarter and September year to date 2014 and 2013. Asset information by reportable segment is not presented, since the Company does not produce such information internally nor does it use such data to manage its business. Effective with the first quarter of 2014, the project-based legal services business in the Americas PT segment was reclassified to the OCG segment and the prior period was recast to conform to the current presentation. | ||||||||||||||||
Third Quarter | September Year to Date | |||||||||||||||
2014 | 2013 | 2014 | 2013 | |||||||||||||
(In millions of dollars) | ||||||||||||||||
Revenue from Services: | ||||||||||||||||
Americas Commercial | $ | 640.8 | $ | 617 | $ | 1,915.10 | $ | 1,904.10 | ||||||||
Americas PT | 242.5 | 239.9 | 723.1 | 733.7 | ||||||||||||
Total Americas Commercial and PT | 883.3 | 856.9 | 2,638.20 | 2,637.80 | ||||||||||||
EMEA Commercial | 231.3 | 224.5 | 690.2 | 645.3 | ||||||||||||
EMEA PT | 48.1 | 45.1 | 145.5 | 131.7 | ||||||||||||
Total EMEA Commercial and PT | 279.4 | 269.6 | 835.7 | 777 | ||||||||||||
APAC Commercial | 91 | 87.6 | 260.5 | 256.8 | ||||||||||||
APAC PT | 10.6 | 9.1 | 29.2 | 29.3 | ||||||||||||
Total APAC Commercial and PT | 101.6 | 96.7 | 289.7 | 286.1 | ||||||||||||
OCG | 149.8 | 135.3 | 422.1 | 361 | ||||||||||||
Less: Intersegment revenue | (17.7 | ) | (12.9 | ) | (48.0 | ) | (34.6 | ) | ||||||||
Consolidated Total | $ | 1,396.40 | $ | 1,345.60 | $ | 4,137.70 | $ | 4,027.30 | ||||||||
Third Quarter | September Year to Date | |||||||||||||||
2014 | 2013 | 2014 | 2013 | |||||||||||||
(In millions of dollars) | ||||||||||||||||
Earnings from Operations: | ||||||||||||||||
Americas Commercial gross profit | $ | 91.7 | $ | 86.8 | $ | 280 | $ | 274.5 | ||||||||
Americas PT gross profit | 39.6 | 38.8 | 118.4 | 116.1 | ||||||||||||
Americas Region gross profit | 131.3 | 125.6 | 398.4 | 390.6 | ||||||||||||
Americas Region SG&A expenses | (110.8 | ) | (100.2 | ) | (332.9 | ) | (310.6 | ) | ||||||||
Americas Region Earnings from Operations | 20.5 | 25.4 | 65.5 | 80 | ||||||||||||
EMEA Commercial gross profit | 33.6 | 33.9 | 101 | 98.8 | ||||||||||||
EMEA PT gross profit | 10.9 | 10.8 | 33.3 | 32 | ||||||||||||
EMEA Region gross profit | 44.5 | 44.7 | 134.3 | 130.8 | ||||||||||||
EMEA Region SG&A expenses | (40.0 | ) | (40.3 | ) | (125.0 | ) | (122.2 | ) | ||||||||
EMEA Region Earnings from Operations | 4.5 | 4.4 | 9.3 | 8.6 | ||||||||||||
APAC Commercial gross profit | 11.7 | 12.7 | 35.7 | 36.8 | ||||||||||||
APAC PT gross profit | 3.3 | 3.4 | 9.4 | 10.5 | ||||||||||||
APAC Region gross profit | 15 | 16.1 | 45.1 | 47.3 | ||||||||||||
APAC Region SG&A expenses | (14.5 | ) | (14.6 | ) | (44.6 | ) | (45.8 | ) | ||||||||
APAC Region Earnings from Operations | 0.5 | 1.5 | 0.5 | 1.5 | ||||||||||||
OCG gross profit | 35.8 | 34.8 | 101.3 | 91.7 | ||||||||||||
OCG SG&A expenses | (32.2 | ) | (28.1 | ) | (94.7 | ) | (82.5 | ) | ||||||||
OCG asset impairments | — | — | — | (1.7 | ) | |||||||||||
OCG Earnings from Operations | 3.6 | 6.7 | 6.6 | 7.5 | ||||||||||||
Less: Intersegment gross profit | (1.2 | ) | (0.8 | ) | (3.3 | ) | (2.4 | ) | ||||||||
Less: Intersegment SG&A expenses | 1.2 | 0.8 | 3.3 | 2.4 | ||||||||||||
Net Intersegment Activity | — | — | — | — | ||||||||||||
Corporate | (22.0 | ) | (17.8 | ) | (62.6 | ) | (53.9 | ) | ||||||||
Consolidated Total | 7.1 | 20.2 | 19.3 | 43.7 | ||||||||||||
Other Expense, Net | 2.2 | 1.3 | 4.2 | 3.9 | ||||||||||||
Earnings Before Taxes | $ | 4.9 | $ | 18.9 | $ | 15.1 | $ | 39.8 | ||||||||
New_Accounting_Pronouncements
New Accounting Pronouncements | 9 Months Ended |
Sep. 28, 2014 | |
New Accounting Pronouncements and Changes in Accounting Principles [Abstract] | ' |
New Accounting Pronouncements and Changes in Accounting Principles | ' |
New Accounting Pronouncements | |
In April 2014, the Financial Accounting Standards Board ("FASB") issued an accounting standard update that changes the definition of a discontinued operation to include only those disposals of components of an entity that represent a strategic shift that has (or will have) a major effect on operations and financial results. The amendments are effective prospectively for fiscal periods (and interim reporting periods within those years) beginning on or after December 15, 2014 (early adoption is permitted). The adoption of this guidance is not expected to have a material effect on our results of operations, financial position or liquidity. | |
In May 2014, the FASB issued new revenue recognition guidance under Accounting Standards Update ("ASU") 2014-09 that will supersede the existing revenue recognition guidance under US GAAP. The new standard focuses on creating a single source of revenue guidance for revenue arising from contracts with customers for all industries. The objective of the new standard is for companies to recognize revenue when it transfers the promised goods or services to its customers at an amount that represents what the company expects to be entitled to in exchange for those goods or services. This ASU is effective for annual periods, and interim periods within those annual periods, beginning on or after December 15, 2016. Early adoption is not permitted. We are currently evaluating the impact of the new guidance on our consolidated financial statements and related disclosures. | |
In August 2014, the FASB issued ASU 2014-15 requiring management to evaluate whether there are conditions or events, considered in the aggregate, that raise substantial doubt about the entity’s ability to continue as a going concern, which is currently performed by the external auditors. Management will be required to perform this assessment for both interim and annual reporting periods and must make certain disclosures if it concludes that substantial doubt exists. This ASU is effective for annual periods, and interim periods within those annual periods, beginning on or after December 15, 2016. The adoption of this guidance is not expected to have a material effect on our financial statements. |
Fair_Value_Measurements_Tables
Fair Value Measurements (Tables) | 9 Months Ended | ||||||||||||||||
Sep. 28, 2014 | |||||||||||||||||
Fair Value Disclosures [Abstract] | ' | ||||||||||||||||
Fair Value, Assets Measured on Recurring Basis | ' | ||||||||||||||||
Fair Value Measurements on a Recurring Basis | |||||||||||||||||
As of Third Quarter-End 2014 | |||||||||||||||||
Description | Total | Level 1 | Level 2 | Level 3 | |||||||||||||
(In millions of dollars) | |||||||||||||||||
Money market funds | $ | 3.3 | $ | 3.3 | $ | — | $ | — | |||||||||
Available-for-sale investment | 94.3 | 94.3 | — | — | |||||||||||||
Total assets at fair value | $ | 97.6 | $ | 97.6 | $ | — | $ | — | |||||||||
Fair Value Measurements on a Recurring Basis | |||||||||||||||||
As of Year-End 2013 | |||||||||||||||||
Description | Total | Level 1 | Level 2 | Level 3 | |||||||||||||
(In millions of dollars) | |||||||||||||||||
Money market funds | $ | 2.9 | $ | 2.9 | $ | — | $ | — | |||||||||
Available-for-sale investment | 80.7 | 80.7 | — | — | |||||||||||||
Total assets at fair value | $ | 83.6 | $ | 83.6 | $ | — | $ | — | |||||||||
Restructuring_Tables
Restructuring (Tables) | 9 Months Ended | |||||||||||||||||||||||
Sep. 28, 2014 | ||||||||||||||||||||||||
Restructuring and Related Activities [Abstract] | ' | |||||||||||||||||||||||
Schedule of Restructuring Reserve by Type of Costs | ' | |||||||||||||||||||||||
We estimate restructuring charges to total between $9.0 million to $10.0 million, as detailed below, and will be recorded entirely in corporate selling, general and administrative expenses. The majority of these costs will result in future cash expenditures, starting in the fourth quarter of 2014. | ||||||||||||||||||||||||
Severance Costs | Lease Termination Costs | Total | ||||||||||||||||||||||
(In millions of dollars) | ||||||||||||||||||||||||
Range | Range | Range | ||||||||||||||||||||||
Americas | $ | 1.8 | - | $ | 2 | $ | 1.9 | - | $ | 2.1 | $ | 3.7 | - | $ | 4.1 | |||||||||
OCG | 1.3 | - | 1.5 | 0 | - | 0 | 1.3 | - | 1.5 | |||||||||||||||
Headquarters | 4 | - | 4.4 | 0 | - | 0 | 4 | - | 4.4 | |||||||||||||||
Total | $ | 7.1 | - | $ | 7.9 | $ | 1.9 | - | $ | 2.1 | $ | 9 | - | $ | 10 | |||||||||
Goodwill_Tables
Goodwill (Tables) | 9 Months Ended | |||||||||||||||||||||||
Sep. 28, 2014 | ||||||||||||||||||||||||
Goodwill and Intangible Assets Disclosure [Abstract] | ' | |||||||||||||||||||||||
Schedule of Goodwill | ' | |||||||||||||||||||||||
As of Year-End 2013 | As of Third Quarter-End 2014 | |||||||||||||||||||||||
Goodwill, | Accumulated Impairment Losses | Adjustments | Goodwill, | Accumulated Impairment Losses | Goodwill, | |||||||||||||||||||
Gross | to Goodwill | Gross | Net | |||||||||||||||||||||
(In millions of dollars) | ||||||||||||||||||||||||
Americas | ||||||||||||||||||||||||
Americas Commercial | $ | 40 | $ | (16.4 | ) | $ | — | $ | 40 | $ | (16.4 | ) | $ | 23.6 | ||||||||||
Americas PT | 39.2 | — | (1.3 | ) | 37.9 | — | 37.9 | |||||||||||||||||
Total Americas | 79.2 | (16.4 | ) | (1.3 | ) | 77.9 | (16.4 | ) | 61.5 | |||||||||||||||
EMEA | ||||||||||||||||||||||||
EMEA Commercial | 50.4 | (50.4 | ) | — | 50.4 | (50.4 | ) | — | ||||||||||||||||
EMEA PT | 22 | (22.0 | ) | — | 22 | (22.0 | ) | — | ||||||||||||||||
Total EMEA | 72.4 | (72.4 | ) | — | 72.4 | (72.4 | ) | — | ||||||||||||||||
APAC | ||||||||||||||||||||||||
APAC Commercial | 12.1 | (12.1 | ) | — | 12.1 | (12.1 | ) | — | ||||||||||||||||
APAC PT | 1.4 | — | — | 1.4 | — | 1.4 | ||||||||||||||||||
Total APAC | 13.5 | (12.1 | ) | — | 13.5 | (12.1 | ) | 1.4 | ||||||||||||||||
OCG | 26.1 | — | 1.3 | 27.4 | — | 27.4 | ||||||||||||||||||
Consolidated Total | $ | 191.2 | $ | (100.9 | ) | $ | — | $ | 191.2 | $ | (100.9 | ) | $ | 90.3 | ||||||||||
Accumulated_Other_Comprehensiv1
Accumulated Other Comprehensive Income (Tables) | 9 Months Ended | |||||||||||||||
Sep. 28, 2014 | ||||||||||||||||
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract] | ' | |||||||||||||||
Schedule of Accumulated Other Comprehensive Income (Loss) | ' | |||||||||||||||
Third Quarter 2014 | ||||||||||||||||
Foreign | Unrealized | Pension | Total | |||||||||||||
Currency | Gains and | Liability Adjustments | ||||||||||||||
Translation Adjustments | Losses on Investment | |||||||||||||||
(In millions of dollars) | ||||||||||||||||
Beginning balance | $ | 20.3 | $ | 55.3 | $ | (1.5 | ) | $ | 74.1 | |||||||
Other comprehensive income (loss) before reclassifications | (12.6 | ) | (1.9 | ) | — | (14.5 | ) | |||||||||
Amounts reclassified from accumulated other comprehensive income | (0.6 | ) | — | — | (0.6 | ) | ||||||||||
Net current-period other comprehensive income | (13.2 | ) | (1.9 | ) | — | (15.1 | ) | |||||||||
Ending balance | $ | 7.1 | $ | 53.4 | $ | (1.5 | ) | $ | 59 | |||||||
September Year to Date 2014 | ||||||||||||||||
Foreign | Unrealized | Pension | Total | |||||||||||||
Currency | Gains and | Liability Adjustments | ||||||||||||||
Translation Adjustments | Losses on Investment | |||||||||||||||
(In millions of dollars) | ||||||||||||||||
Beginning balance | $ | 18.1 | $ | 44.8 | $ | (1.5 | ) | $ | 61.4 | |||||||
Other comprehensive income (loss) before reclassifications | (10.4 | ) | 8.6 | — | (1.8 | ) | ||||||||||
Amounts reclassified from accumulated other comprehensive income | (0.6 | ) | — | — | (0.6 | ) | ||||||||||
Net current-period other comprehensive income | (11.0 | ) | 8.6 | — | (2.4 | ) | ||||||||||
Ending balance | $ | 7.1 | $ | 53.4 | $ | (1.5 | ) | $ | 59 | |||||||
Third Quarter 2013 | ||||||||||||||||
Foreign | Unrealized | Pension | Total | |||||||||||||
Currency | Gains and | Liability Adjustments | ||||||||||||||
Translation Adjustments | Losses on Investment | |||||||||||||||
(In millions of dollars) | ||||||||||||||||
Beginning balance | $ | 15.5 | $ | 37.4 | $ | (3.1 | ) | $ | 49.8 | |||||||
Other comprehensive income (loss) | 4.7 | 4.5 | (0.2 | ) | 9 | |||||||||||
Ending balance | $ | 20.2 | $ | 41.9 | $ | (3.3 | ) | $ | 58.8 | |||||||
September Year to Date 2013 | ||||||||||||||||
Foreign | Unrealized | Pension | Total | |||||||||||||
Currency | Gains and | Liability Adjustments | ||||||||||||||
Translation Adjustments | Losses on Investment | |||||||||||||||
(In millions of dollars) | ||||||||||||||||
Beginning balance | $ | 24.9 | $ | 13.6 | $ | (3.1 | ) | $ | 35.4 | |||||||
Other comprehensive income (loss) | (4.7 | ) | 28.3 | (0.2 | ) | 23.4 | ||||||||||
Ending balance | $ | 20.2 | $ | 41.9 | $ | (3.3 | ) | $ | 58.8 | |||||||
Earnings_Per_Share_Tables
Earnings Per Share (Tables) | 9 Months Ended | |||||||||||||||
Sep. 28, 2014 | ||||||||||||||||
Earnings Per Share [Abstract] | ' | |||||||||||||||
Schedule of Earnings Per Share, Basic and Diluted | ' | |||||||||||||||
The reconciliation of basic and diluted earnings per share on common stock for the third quarter and September year to date 2014 and 2013 follows (in millions of dollars except per share data): | ||||||||||||||||
Third Quarter | September Year to Date | |||||||||||||||
2014 | 2013 | 2014 | 2013 | |||||||||||||
Net Earnings | $ | 1.4 | $ | 18.8 | $ | 6.7 | $ | 41.7 | ||||||||
Less: Earnings allocated to participating securities | — | (0.4 | ) | (0.2 | ) | (1.0 | ) | |||||||||
Net Earnings available to common shareholders | $ | 1.4 | $ | 18.4 | $ | 6.5 | $ | 40.7 | ||||||||
Basic earnings per share on common stock | $ | 0.03 | $ | 0.49 | $ | 0.17 | $ | 1.09 | ||||||||
Diluted earnings per share on common stock | $ | 0.03 | $ | 0.49 | $ | 0.17 | $ | 1.09 | ||||||||
Average common shares outstanding (millions) | ||||||||||||||||
Basic | 37.6 | 37.4 | 37.5 | 37.2 | ||||||||||||
Diluted | 37.6 | 37.4 | 37.5 | 37.3 | ||||||||||||
Other_Expense_Net_Tables
Other Expense, Net (Tables) | 9 Months Ended | |||||||||||||||
Sep. 28, 2014 | ||||||||||||||||
Other Income and Expenses [Abstract] | ' | |||||||||||||||
Schedule of Other Nonoperating Income (Expense) | ' | |||||||||||||||
Included in other expense, net for the third quarter and September year to date 2014 and 2013 are the following: | ||||||||||||||||
Third Quarter | September Year to Date | |||||||||||||||
2014 | 2013 | 2014 | 2013 | |||||||||||||
(In millions of dollars) | ||||||||||||||||
Interest income | $ | 0.1 | $ | 0.1 | $ | 0.3 | $ | 0.3 | ||||||||
Interest expense | (0.7 | ) | (0.7 | ) | (2.0 | ) | (2.2 | ) | ||||||||
Dividend income | — | — | 0.4 | 0.3 | ||||||||||||
Net loss on equity investment | (1.5 | ) | (0.3 | ) | (2.3 | ) | (1.1 | ) | ||||||||
Foreign exchange losses | (0.1 | ) | (0.4 | ) | (0.6 | ) | (1.2 | ) | ||||||||
Other expense, net | $ | (2.2 | ) | $ | (1.3 | ) | $ | (4.2 | ) | $ | (3.9 | ) |
Segment_Disclosures_Tables
Segment Disclosures (Tables) | 9 Months Ended | |||||||||||||||
Sep. 28, 2014 | ||||||||||||||||
Note 8 - Segment Disclosures (Tables) [Line Items] | ' | |||||||||||||||
Reconciliation of Revenue from Segments to Consolidated | ' | |||||||||||||||
Third Quarter | September Year to Date | |||||||||||||||
2014 | 2013 | 2014 | 2013 | |||||||||||||
(In millions of dollars) | ||||||||||||||||
Revenue from Services: | ||||||||||||||||
Americas Commercial | $ | 640.8 | $ | 617 | $ | 1,915.10 | $ | 1,904.10 | ||||||||
Americas PT | 242.5 | 239.9 | 723.1 | 733.7 | ||||||||||||
Total Americas Commercial and PT | 883.3 | 856.9 | 2,638.20 | 2,637.80 | ||||||||||||
EMEA Commercial | 231.3 | 224.5 | 690.2 | 645.3 | ||||||||||||
EMEA PT | 48.1 | 45.1 | 145.5 | 131.7 | ||||||||||||
Total EMEA Commercial and PT | 279.4 | 269.6 | 835.7 | 777 | ||||||||||||
APAC Commercial | 91 | 87.6 | 260.5 | 256.8 | ||||||||||||
APAC PT | 10.6 | 9.1 | 29.2 | 29.3 | ||||||||||||
Total APAC Commercial and PT | 101.6 | 96.7 | 289.7 | 286.1 | ||||||||||||
OCG | 149.8 | 135.3 | 422.1 | 361 | ||||||||||||
Less: Intersegment revenue | (17.7 | ) | (12.9 | ) | (48.0 | ) | (34.6 | ) | ||||||||
Consolidated Total | $ | 1,396.40 | $ | 1,345.60 | $ | 4,137.70 | $ | 4,027.30 | ||||||||
Services | ' | |||||||||||||||
Note 8 - Segment Disclosures (Tables) [Line Items] | ' | |||||||||||||||
Reconciliation of Operating Profit (Loss) from Segments to Consolidated | ' | |||||||||||||||
Third Quarter | September Year to Date | |||||||||||||||
2014 | 2013 | 2014 | 2013 | |||||||||||||
(In millions of dollars) | ||||||||||||||||
Earnings from Operations: | ||||||||||||||||
Americas Commercial gross profit | $ | 91.7 | $ | 86.8 | $ | 280 | $ | 274.5 | ||||||||
Americas PT gross profit | 39.6 | 38.8 | 118.4 | 116.1 | ||||||||||||
Americas Region gross profit | 131.3 | 125.6 | 398.4 | 390.6 | ||||||||||||
Americas Region SG&A expenses | (110.8 | ) | (100.2 | ) | (332.9 | ) | (310.6 | ) | ||||||||
Americas Region Earnings from Operations | 20.5 | 25.4 | 65.5 | 80 | ||||||||||||
EMEA Commercial gross profit | 33.6 | 33.9 | 101 | 98.8 | ||||||||||||
EMEA PT gross profit | 10.9 | 10.8 | 33.3 | 32 | ||||||||||||
EMEA Region gross profit | 44.5 | 44.7 | 134.3 | 130.8 | ||||||||||||
EMEA Region SG&A expenses | (40.0 | ) | (40.3 | ) | (125.0 | ) | (122.2 | ) | ||||||||
EMEA Region Earnings from Operations | 4.5 | 4.4 | 9.3 | 8.6 | ||||||||||||
APAC Commercial gross profit | 11.7 | 12.7 | 35.7 | 36.8 | ||||||||||||
APAC PT gross profit | 3.3 | 3.4 | 9.4 | 10.5 | ||||||||||||
APAC Region gross profit | 15 | 16.1 | 45.1 | 47.3 | ||||||||||||
APAC Region SG&A expenses | (14.5 | ) | (14.6 | ) | (44.6 | ) | (45.8 | ) | ||||||||
APAC Region Earnings from Operations | 0.5 | 1.5 | 0.5 | 1.5 | ||||||||||||
OCG gross profit | 35.8 | 34.8 | 101.3 | 91.7 | ||||||||||||
OCG SG&A expenses | (32.2 | ) | (28.1 | ) | (94.7 | ) | (82.5 | ) | ||||||||
OCG asset impairments | — | — | — | (1.7 | ) | |||||||||||
OCG Earnings from Operations | 3.6 | 6.7 | 6.6 | 7.5 | ||||||||||||
Less: Intersegment gross profit | (1.2 | ) | (0.8 | ) | (3.3 | ) | (2.4 | ) | ||||||||
Less: Intersegment SG&A expenses | 1.2 | 0.8 | 3.3 | 2.4 | ||||||||||||
Net Intersegment Activity | — | — | — | — | ||||||||||||
Corporate | (22.0 | ) | (17.8 | ) | (62.6 | ) | (53.9 | ) | ||||||||
Consolidated Total | 7.1 | 20.2 | 19.3 | 43.7 | ||||||||||||
Other Expense, Net | 2.2 | 1.3 | 4.2 | 3.9 | ||||||||||||
Earnings Before Taxes | $ | 4.9 | $ | 18.9 | $ | 15.1 | $ | 39.8 | ||||||||
Basis_of_Presentation_Narrativ
Basis of Presentation - Narrative (Details) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Millions, unless otherwise specified | Sep. 29, 2013 | Sep. 29, 2013 | Sep. 29, 2013 | Sep. 29, 2013 |
Cash and Cash Equivalents Understatement | Accrued Payroll And Related Taxes Understatement | Changes in Operating Assets and Liabilities Overstatement | Net Cash From Operating Activities Overstatement | |
Note 1 - Basis of Presentation (Details) [Line Items] | ' | ' | ' | ' |
Quantifying Misstatement in Current Year Financial Statements, Amount | $4.80 | $4.80 | $4.80 | $4.80 |
Fair_Value_Measurements_Fair_V
Fair Value Measurements Fair Value Measurements (Details) (USD $) | 3 Months Ended | 9 Months Ended | ||||
In Millions, unless otherwise specified | Sep. 28, 2014 | Sep. 29, 2013 | Jun. 30, 2013 | Sep. 28, 2014 | Sep. 29, 2013 | Dec. 29, 2013 |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ' | ' | ' |
Money market funds | $3.30 | ' | ' | $3.30 | ' | $2.90 |
Available-for-sale investment | 94.3 | ' | ' | 94.3 | ' | 80.7 |
Total assets at fair value | 97.6 | ' | ' | 97.6 | ' | 83.6 |
Other comprehensive income (loss), Unrealized gains (losses) on Investment | -1.9 | 4.5 | ' | 8.6 | 28.3 | ' |
Available-for-sale Equity Securities, Amortized Cost Basis | 19 | ' | ' | 19 | ' | 19.7 |
Asset impairments | 0 | 0 | 1.7 | 0 | 1.7 | ' |
Level 1 | ' | ' | ' | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ' | ' | ' |
Money market funds | 3.3 | ' | ' | 3.3 | ' | 2.9 |
Available-for-sale investment | 94.3 | ' | ' | 94.3 | ' | 80.7 |
Total assets at fair value | 97.6 | ' | ' | 97.6 | ' | 83.6 |
Level 2 | ' | ' | ' | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ' | ' | ' |
Money market funds | 0 | ' | ' | 0 | ' | 0 |
Available-for-sale investment | 0 | ' | ' | 0 | ' | 0 |
Total assets at fair value | 0 | ' | ' | 0 | ' | 0 |
Level 3 | ' | ' | ' | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ' | ' | ' |
Money market funds | 0 | ' | ' | 0 | ' | 0 |
Available-for-sale investment | 0 | ' | ' | 0 | ' | 0 |
Total assets at fair value | 0 | ' | ' | 0 | ' | 0 |
Temp Holdings Investment | ' | ' | ' | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ' | ' | ' |
Other comprehensive income (loss), Unrealized gains (losses) on Investment | ($1.90) | $4.50 | ' | $8.60 | $28.30 | ' |
Restructuring_Details
Restructuring (Details) (USD $) | 3 Months Ended | 3 Months Ended | 3 Months Ended | 3 Months Ended | ||||||||||||||||||||||||||||
In Millions, unless otherwise specified | Sep. 28, 2014 | Sep. 28, 2014 | Sep. 28, 2014 | Dec. 28, 2014 | Dec. 28, 2014 | Dec. 28, 2014 | Dec. 28, 2014 | Dec. 28, 2014 | Dec. 28, 2014 | Dec. 28, 2014 | Dec. 28, 2014 | Dec. 28, 2014 | Dec. 28, 2014 | Dec. 28, 2014 | Dec. 28, 2014 | Dec. 28, 2014 | Dec. 28, 2014 | Dec. 28, 2014 | Dec. 28, 2014 | Dec. 28, 2014 | Dec. 28, 2014 | Dec. 28, 2014 | Dec. 28, 2014 | Dec. 28, 2014 | Dec. 28, 2014 | Dec. 28, 2014 | Dec. 28, 2014 | Dec. 28, 2014 | Dec. 28, 2014 | Dec. 28, 2014 | Dec. 28, 2014 | Dec. 28, 2014 |
Selling, General and Administrative Expenses | Employee Severance | Substantive Plan Costs | Scenario, Forecast | Scenario, Forecast | Scenario, Forecast | Scenario, Forecast | Scenario, Forecast | Scenario, Forecast | Scenario, Forecast | Scenario, Forecast | Corporate, Non-Segment | Corporate, Non-Segment | Corporate, Non-Segment | Corporate, Non-Segment | Corporate, Non-Segment | Corporate, Non-Segment | Corporate, Non-Segment | Americas | Americas | Americas | Americas | Americas | Americas | Americas | OCG | OCG | OCG | OCG | OCG | OCG | OCG | |
Selling, General and Administrative Expenses | Selling, General and Administrative Expenses | Minimum | Maximum | Employee Severance | Employee Severance | Contract Termination | Contract Termination | Contract Termination | Scenario, Forecast | Scenario, Forecast | Scenario, Forecast | Scenario, Forecast | Scenario, Forecast | Scenario, Forecast | Scenario, Forecast | Scenario, Forecast | Scenario, Forecast | Scenario, Forecast | Scenario, Forecast | Scenario, Forecast | Scenario, Forecast | Scenario, Forecast | Scenario, Forecast | Scenario, Forecast | Scenario, Forecast | Scenario, Forecast | Scenario, Forecast | Scenario, Forecast | Scenario, Forecast | |||
Selling, General and Administrative Expenses | Selling, General and Administrative Expenses | Minimum | Maximum | Selling, General and Administrative Expenses | Minimum | Maximum | Minimum | Maximum | Employee Severance | Employee Severance | Contract Termination | Contract Termination | Minimum | Maximum | Employee Severance | Employee Severance | Contract Termination | Contract Termination | Minimum | Maximum | Employee Severance | Employee Severance | Contract Termination | Contract Termination | ||||||||
Selling, General and Administrative Expenses | Selling, General and Administrative Expenses | Selling, General and Administrative Expenses | Selling, General and Administrative Expenses | Selling, General and Administrative Expenses | Selling, General and Administrative Expenses | Minimum | Maximum | Minimum | Maximum | Selling, General and Administrative Expenses | Selling, General and Administrative Expenses | Minimum | Maximum | Minimum | Maximum | Selling, General and Administrative Expenses | Selling, General and Administrative Expenses | Minimum | Maximum | Minimum | Maximum | |||||||||||
Selling, General and Administrative Expenses | Selling, General and Administrative Expenses | Selling, General and Administrative Expenses | Selling, General and Administrative Expenses | Selling, General and Administrative Expenses | Selling, General and Administrative Expenses | Selling, General and Administrative Expenses | Selling, General and Administrative Expenses | Selling, General and Administrative Expenses | Selling, General and Administrative Expenses | Selling, General and Administrative Expenses | Selling, General and Administrative Expenses | |||||||||||||||||||||
Restructuring Cost and Reserve [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Restructuring And Related Cost, Expected Number Of Branches Closed | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 50 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Restructuring and Related Cost, Expected Number of Positions Eliminated | ' | ' | ' | 100 | ' | ' | ' | ' | ' | ' | ' | 55 | ' | ' | ' | ' | ' | ' | 40 | ' | ' | ' | ' | ' | ' | 5 | ' | ' | ' | ' | ' | ' |
Restructuring Charges | $3.70 | $2.90 | $0.80 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Restructuring and Related Cost, Expected Cost Remaining | ' | ' | ' | ' | 5.3 | 6.3 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Restructuring and Related Cost, Expected Cost | ' | ' | ' | ' | $9 | $10 | $7.10 | $7.90 | $2 | $1.90 | $2.10 | ' | $4 | $4.40 | $4 | $4.40 | $0 | $0 | ' | $3.70 | $4.10 | $1.80 | $2 | $1.90 | $2.10 | ' | $1.30 | $1.50 | $1.30 | $1.50 | $0 | $0 |
Goodwill_Changes_in_the_Net_Ca
Goodwill - Changes in the Net Carrying Amount of Goodwill (Details) (USD $) | 9 Months Ended | |
In Millions, unless otherwise specified | Sep. 28, 2014 | Dec. 29, 2013 |
Goodwill [Line Items] | ' | ' |
Goodwill, Gross | $191.20 | $191.20 |
Accumulated Impairment Losses | -100.9 | -100.9 |
Adjustments to Goodwill | 0 | ' |
Goodwill, Net | 90.3 | 90.3 |
Americas Commercial | ' | ' |
Goodwill [Line Items] | ' | ' |
Goodwill, Gross | 40 | 40 |
Accumulated Impairment Losses | -16.4 | -16.4 |
Adjustments to Goodwill | 0 | ' |
Goodwill, Net | 23.6 | ' |
Americas PT | ' | ' |
Goodwill [Line Items] | ' | ' |
Goodwill, Gross | 37.9 | 39.2 |
Accumulated Impairment Losses | 0 | 0 |
Adjustments to Goodwill | -1.3 | ' |
Goodwill, Net | 37.9 | ' |
Total Americas | ' | ' |
Goodwill [Line Items] | ' | ' |
Goodwill, Gross | 77.9 | 79.2 |
Accumulated Impairment Losses | -16.4 | -16.4 |
Adjustments to Goodwill | -1.3 | ' |
Goodwill, Net | 61.5 | ' |
EMEA Commercial | ' | ' |
Goodwill [Line Items] | ' | ' |
Goodwill, Gross | 50.4 | 50.4 |
Accumulated Impairment Losses | -50.4 | -50.4 |
Adjustments to Goodwill | 0 | ' |
Goodwill, Net | 0 | ' |
EMEA PT | ' | ' |
Goodwill [Line Items] | ' | ' |
Goodwill, Gross | 22 | 22 |
Accumulated Impairment Losses | -22 | -22 |
Adjustments to Goodwill | 0 | ' |
Goodwill, Net | 0 | ' |
Total EMEA | ' | ' |
Goodwill [Line Items] | ' | ' |
Goodwill, Gross | 72.4 | 72.4 |
Accumulated Impairment Losses | -72.4 | -72.4 |
Adjustments to Goodwill | 0 | ' |
Goodwill, Net | 0 | ' |
APAC Commercial | ' | ' |
Goodwill [Line Items] | ' | ' |
Goodwill, Gross | 12.1 | 12.1 |
Accumulated Impairment Losses | -12.1 | -12.1 |
Adjustments to Goodwill | 0 | ' |
Goodwill, Net | 0 | ' |
APAC PT | ' | ' |
Goodwill [Line Items] | ' | ' |
Goodwill, Gross | 1.4 | 1.4 |
Accumulated Impairment Losses | 0 | 0 |
Adjustments to Goodwill | 0 | ' |
Goodwill, Net | 1.4 | ' |
APAC | ' | ' |
Goodwill [Line Items] | ' | ' |
Goodwill, Gross | 13.5 | 13.5 |
Accumulated Impairment Losses | -12.1 | -12.1 |
Adjustments to Goodwill | 0 | ' |
Goodwill, Net | 1.4 | ' |
OCG | ' | ' |
Goodwill [Line Items] | ' | ' |
Goodwill, Gross | 27.4 | 26.1 |
Accumulated Impairment Losses | 0 | 0 |
Adjustments to Goodwill | 1.3 | ' |
Goodwill, Net | $27.40 | ' |
Accumulated_Other_Comprehensiv2
Accumulated Other Comprehensive Income - Changes in Accumulated Other Comprehensive Income by Component, Net of Tax (Details) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Millions, unless otherwise specified | Sep. 28, 2014 | Sep. 29, 2013 | Sep. 28, 2014 | Sep. 29, 2013 |
Beginning balance | $74.10 | $49.80 | $61.40 | $35.40 |
Other comprehensive income (loss), before reclassifications | -14.5 | ' | -1.8 | ' |
Amounts reclassified from accumulated other comprehensive income | -0.6 | ' | -0.6 | ' |
Other comprehensive income (loss) | -15.1 | 9 | -2.4 | 23.4 |
Ending balance | 59 | 58.8 | 59 | 58.8 |
Accumulated Translation Adjustment | ' | ' | ' | ' |
Beginning balance | 20.3 | 15.5 | 18.1 | 24.9 |
Other comprehensive income (loss), before reclassifications | -12.6 | ' | -10.4 | ' |
Amounts reclassified from accumulated other comprehensive income | -0.6 | ' | -0.6 | ' |
Other comprehensive income (loss) | -13.2 | 4.7 | -11 | -4.7 |
Ending balance | 7.1 | 20.2 | 7.1 | 20.2 |
Accumulated Net Unrealized Investment Gain (Loss) | ' | ' | ' | ' |
Beginning balance | 55.3 | 37.4 | 44.8 | 13.6 |
Other comprehensive income (loss), before reclassifications | -1.9 | ' | 8.6 | ' |
Amounts reclassified from accumulated other comprehensive income | 0 | ' | 0 | ' |
Other comprehensive income (loss) | -1.9 | 4.5 | 8.6 | 28.3 |
Ending balance | 53.4 | 41.9 | 53.4 | 41.9 |
Accumulated Defined Benefit Plans Adjustment | ' | ' | ' | ' |
Beginning balance | -1.5 | -3.1 | -1.5 | -3.1 |
Other comprehensive income (loss), before reclassifications | 0 | ' | 0 | ' |
Amounts reclassified from accumulated other comprehensive income | 0 | ' | 0 | ' |
Other comprehensive income (loss) | 0 | -0.2 | 0 | -0.2 |
Ending balance | ($1.50) | ($3.30) | ($1.50) | ($3.30) |
Earnings_Per_Share_Common_Stoc
Earnings Per Share - Common Stock Reconciliation of Basic and Diluted Earnings Per Share (Details) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Millions, except Per Share data, unless otherwise specified | Sep. 28, 2014 | Sep. 29, 2013 | Sep. 28, 2014 | Sep. 29, 2013 |
Earnings Per Share [Abstract] | ' | ' | ' | ' |
Net Earnings | $1.40 | $18.80 | $6.70 | $41.70 |
Less: Earnings allocated to participating securities | 0 | -0.4 | -0.2 | -1 |
Net Earnings available to common shareholders | $1.40 | $18.40 | $6.50 | $40.70 |
Basic earnings per share on common stock (in Dollars per share) | $0.03 | $0.49 | $0.17 | $1.09 |
Diluted earnings per share on common stock (in Dollars per share) | $0.03 | $0.49 | $0.17 | $1.09 |
Average common shares outstanding (millions) | ' | ' | ' | ' |
Basic (in Shares) | 37.6 | 37.4 | 37.5 | 37.2 |
Diluted (in Shares) | 37.6 | 37.4 | 37.5 | 37.3 |
Earnings_Per_Share_Narrative_D
Earnings Per Share - Narrative (Details) (Equity Option) | 3 Months Ended | 9 Months Ended | ||
In Millions, unless otherwise specified | Sep. 28, 2014 | Sep. 29, 2013 | Sep. 28, 2014 | Sep. 29, 2013 |
Equity Option | ' | ' | ' | ' |
Note 5 - Earnings Per Share (Details) [Line Items] | ' | ' | ' | ' |
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount | 0 | 0.2 | 0.1 | 0.3 |
Other_Expense_Net_Schedule_of_
Other Expense, Net - Schedule of Other Nonoperating Income (Expense) (Details) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Millions, unless otherwise specified | Sep. 28, 2014 | Sep. 29, 2013 | Sep. 28, 2014 | Sep. 29, 2013 |
Other Income and Expenses [Abstract] | ' | ' | ' | ' |
Interest income | $0.10 | $0.10 | $0.30 | $0.30 |
Interest expense | -0.7 | -0.7 | -2 | -2.2 |
Dividend income | 0 | 0 | 0.4 | 0.3 |
Net loss on equity investment | -1.5 | -0.3 | -2.3 | -1.1 |
Foreign exchange losses | -0.1 | -0.4 | -0.6 | -1.2 |
Other expense, net | ($2.20) | ($1.30) | ($4.20) | ($3.90) |
Contingencies_Narrative_Detail
Contingencies - Narrative (Details) (USD $) | 1 Months Ended | 3 Months Ended |
In Millions, unless otherwise specified | Apr. 30, 2014 | Dec. 29, 2013 |
Judgement Against Jefferson Parish School Board and Kelly Services | ' | ' |
Note 7 - Contingencies (Details) [Line Items] | ' | ' |
Loss Contingency, Damages Awarded, Value | ' | $4.40 |
Litigation Settlement, Amount | 1 | ' |
Judgement Against Jefferson Parish School Board and Kelly Services | Parent Company | ' | ' |
Note 7 - Contingencies (Details) [Line Items] | ' | ' |
Litigation Settlement, Amount | 0.25 | ' |
Judgement Against Jefferson Parish School Board and Kelly Services | Primary Insurer | ' | ' |
Note 7 - Contingencies (Details) [Line Items] | ' | ' |
Litigation Settlement, Amount | 0.75 | ' |
Kelly Services Share | ' | ' |
Note 7 - Contingencies (Details) [Line Items] | ' | ' |
Loss Contingency, Damages Awarded, Value | ' | $2.70 |
Segment_Disclosures_Narrative_
Segment Disclosures - Narrative (Details) | 9 Months Ended |
Sep. 28, 2014 | |
Segment | |
Segment Reporting [Abstract] | ' |
Number of Reportable Segments | 7 |
Segment_Disclosures_Segment_Re
Segment Disclosures - Segment Revenue Per Service (Details) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Millions, unless otherwise specified | Sep. 28, 2014 | Sep. 29, 2013 | Sep. 28, 2014 | Sep. 29, 2013 |
Segment Reporting, Revenue Reconciling Item [Line Items] | ' | ' | ' | ' |
Segment Revenue from Services | $1,396.40 | $1,345.60 | $4,137.70 | $4,027.30 |
Intersegment Eliminations | ' | ' | ' | ' |
Segment Reporting, Revenue Reconciling Item [Line Items] | ' | ' | ' | ' |
Segment Revenue from Services | -17.7 | -12.9 | -48 | -34.6 |
Americas Commercial | ' | ' | ' | ' |
Segment Reporting, Revenue Reconciling Item [Line Items] | ' | ' | ' | ' |
Segment Revenue from Services | 640.8 | 617 | 1,915.10 | 1,904.10 |
Americas PT | ' | ' | ' | ' |
Segment Reporting, Revenue Reconciling Item [Line Items] | ' | ' | ' | ' |
Segment Revenue from Services | 242.5 | 239.9 | 723.1 | 733.7 |
Americas | ' | ' | ' | ' |
Segment Reporting, Revenue Reconciling Item [Line Items] | ' | ' | ' | ' |
Segment Revenue from Services | 883.3 | 856.9 | 2,638.20 | 2,637.80 |
EMEA Commercial | ' | ' | ' | ' |
Segment Reporting, Revenue Reconciling Item [Line Items] | ' | ' | ' | ' |
Segment Revenue from Services | 231.3 | 224.5 | 690.2 | 645.3 |
EMEA PT | ' | ' | ' | ' |
Segment Reporting, Revenue Reconciling Item [Line Items] | ' | ' | ' | ' |
Segment Revenue from Services | 48.1 | 45.1 | 145.5 | 131.7 |
EMEA | ' | ' | ' | ' |
Segment Reporting, Revenue Reconciling Item [Line Items] | ' | ' | ' | ' |
Segment Revenue from Services | 279.4 | 269.6 | 835.7 | 777 |
APAC Commercial | ' | ' | ' | ' |
Segment Reporting, Revenue Reconciling Item [Line Items] | ' | ' | ' | ' |
Segment Revenue from Services | 91 | 87.6 | 260.5 | 256.8 |
APAC PT | ' | ' | ' | ' |
Segment Reporting, Revenue Reconciling Item [Line Items] | ' | ' | ' | ' |
Segment Revenue from Services | 10.6 | 9.1 | 29.2 | 29.3 |
APAC | ' | ' | ' | ' |
Segment Reporting, Revenue Reconciling Item [Line Items] | ' | ' | ' | ' |
Segment Revenue from Services | 101.6 | 96.7 | 289.7 | 286.1 |
OCG | ' | ' | ' | ' |
Segment Reporting, Revenue Reconciling Item [Line Items] | ' | ' | ' | ' |
Segment Revenue from Services | $149.80 | $135.30 | $422.10 | $361 |
Segment_Disclosures_Segment_Ea
Segment Disclosures - Segment Earnings from Operations (Details) (USD $) | 3 Months Ended | 9 Months Ended | |||
In Millions, unless otherwise specified | Sep. 28, 2014 | Sep. 29, 2013 | Jun. 30, 2013 | Sep. 28, 2014 | Sep. 29, 2013 |
Earnings from Operations: | ' | ' | ' | ' | ' |
Gross Profit | $225.40 | $220.40 | ' | $675.80 | $658 |
SG&A Expenses | -218.3 | -200.2 | ' | -656.5 | -612.6 |
Asset impairments | 0 | 0 | -1.7 | 0 | -1.7 |
Earnings from operations | 7.1 | 20.2 | ' | 19.3 | 43.7 |
Other Expense, Net | 2.2 | 1.3 | ' | 4.2 | 3.9 |
Earnings Before Taxes | 4.9 | 18.9 | ' | 15.1 | 39.8 |
Intersegment Eliminations | ' | ' | ' | ' | ' |
Earnings from Operations: | ' | ' | ' | ' | ' |
Gross Profit | -1.2 | -0.8 | ' | -3.3 | -2.4 |
SG&A Expenses | 1.2 | 0.8 | ' | 3.3 | 2.4 |
Earnings from operations | 0 | 0 | ' | 0 | 0 |
Corporate, Non-Segment | ' | ' | ' | ' | ' |
Earnings from Operations: | ' | ' | ' | ' | ' |
Earnings from operations | -22 | -17.8 | ' | -62.6 | -53.9 |
Americas Commercial | ' | ' | ' | ' | ' |
Earnings from Operations: | ' | ' | ' | ' | ' |
Gross Profit | 91.7 | 86.8 | ' | 280 | 274.5 |
Americas PT | ' | ' | ' | ' | ' |
Earnings from Operations: | ' | ' | ' | ' | ' |
Gross Profit | 39.6 | 38.8 | ' | 118.4 | 116.1 |
Americas | ' | ' | ' | ' | ' |
Earnings from Operations: | ' | ' | ' | ' | ' |
Gross Profit | 131.3 | 125.6 | ' | 398.4 | 390.6 |
SG&A Expenses | -110.8 | -100.2 | ' | -332.9 | -310.6 |
Earnings from operations | 20.5 | 25.4 | ' | 65.5 | 80 |
EMEA Commercial | ' | ' | ' | ' | ' |
Earnings from Operations: | ' | ' | ' | ' | ' |
Gross Profit | 33.6 | 33.9 | ' | 101 | 98.8 |
EMEA PT | ' | ' | ' | ' | ' |
Earnings from Operations: | ' | ' | ' | ' | ' |
Gross Profit | 10.9 | 10.8 | ' | 33.3 | 32 |
EMEA | ' | ' | ' | ' | ' |
Earnings from Operations: | ' | ' | ' | ' | ' |
Gross Profit | 44.5 | 44.7 | ' | 134.3 | 130.8 |
SG&A Expenses | -40 | -40.3 | ' | -125 | -122.2 |
Earnings from operations | 4.5 | 4.4 | ' | 9.3 | 8.6 |
APAC Commercial | ' | ' | ' | ' | ' |
Earnings from Operations: | ' | ' | ' | ' | ' |
Gross Profit | 11.7 | 12.7 | ' | 35.7 | 36.8 |
APAC PT | ' | ' | ' | ' | ' |
Earnings from Operations: | ' | ' | ' | ' | ' |
Gross Profit | 3.3 | 3.4 | ' | 9.4 | 10.5 |
APAC | ' | ' | ' | ' | ' |
Earnings from Operations: | ' | ' | ' | ' | ' |
Gross Profit | 15 | 16.1 | ' | 45.1 | 47.3 |
SG&A Expenses | -14.5 | -14.6 | ' | -44.6 | -45.8 |
Earnings from operations | 0.5 | 1.5 | ' | 0.5 | 1.5 |
OCG | ' | ' | ' | ' | ' |
Earnings from Operations: | ' | ' | ' | ' | ' |
Gross Profit | 35.8 | 34.8 | ' | 101.3 | 91.7 |
SG&A Expenses | -32.2 | -28.1 | ' | -94.7 | -82.5 |
Asset impairments | 0 | 0 | ' | 0 | -1.7 |
Earnings from operations | $3.60 | $6.70 | ' | $6.60 | $7.50 |