Kelly Services (KELYA) 10-Q 9 May 24 2024 Q1 Quarterly report Financial data

Cover

Cover - shares	3 Months Ended
	Mar. 31, 2024	Apr. 29, 2024
Document Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Mar. 31, 2024
Document Transition Report	false
Entity File Number	0-1088
Entity Registrant Name	KELLY SERVICES, INC.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	38-1510762
Entity Address, Address Line One	999 West Big Beaver Road
Entity Address, City or Town	Troy
Entity Address, State or Province	MI
Entity Address, Postal Zip Code	48084
City Area Code	248
Local Phone Number	362-4444
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Current Fiscal Year End Date	--12-29
Amendment Flag	false
Entity Central Index Key	0000055135
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q1
Class A Common Stock
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		32,200,118
Class B Common Stock
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		3,321,601
NASDAQ Global Market | Class A Common Stock
Document Information [Line Items]
Title of 12(b) Security	Class A Common
Trading Symbol	KELYA
Security Exchange Name	NASDAQ
NASDAQ Global Market | Class B Common Stock
Document Information [Line Items]
Title of 12(b) Security	Class B Common
Trading Symbol	KELYB
Security Exchange Name	NASDAQ

Contingencies

Contingencies	3 Months Ended
	Mar. 31, 2024
Commitments and Contingencies Disclosure [Abstract]
Contingencies	Contingencies The Company is continuously engaged in litigation, threatened litigation, claims, audits or investigations arising in the ordinary course of its business, such as matters alleging employment discrimination, wage and hour violations, claims for indemnification or liability, violations of privacy rights, anti-competition regulations, commercial and contractual disputes, and tax-related matters which could result in a material adverse outcome. We record accruals for loss contingencies when we believe it is probable that a liability has been incurred and the amount of loss can be reasonably estimated. Such accruals are recorded in accounts payable and accrued liabilities and in accrued workers’ compensation and other claims in the consolidated balance sheet. At first quarter-end 2024 and year-end 2023, the gross accrual for litigation costs amounted to $4.4 million and $6.4 million, respectively, of which $1.5 million was held for sale at year-end 2023. The Company maintains insurance coverage which may cover certain losses. When losses exceed the applicable policy deductible and realization of recovery of the loss from existing insurance policies is deemed probable, the Company records receivables from the insurance company for the excess amount, which are included in prepaid expenses and other current assets and other assets in the consolidated balance sheet. At first quarter-end 2024 and year-end 2023, the related insurance receivables amounted to $0.2 million. The Company estimates the aggregate range of reasonably possible losses, in excess of amounts accrued, is $0.1 million to $7.8 million as of first quarter-end 2024. This range includes matters where a liability has been accrued but it is reasonably possible that the ultimate loss may exceed the amount accrued and for matters where a loss is believed to be reasonably possible, but a liability has not been accrued. The aggregate range only represents matters in which we are currently able to estimate a range of loss and does not represent our maximum loss exposure. The estimated range is subject to significant judgment and a variety of assumptions and only based upon currently available information. For other matters, we are currently not able to estimate the reasonably possible loss or range of loss. While the ultimate outcome of these matters cannot be predicted with certainty, we believe that the resolution of any such proceedings will not have a material adverse effect on our financial condition, results of operations or cash flows.

New Accounting Pronouncements

New Accounting Pronouncements	3 Months Ended
	Mar. 31, 2024
Accounting Standards Update and Change in Accounting Principle [Abstract]
New Accounting Pronouncements	New Accounting Pronouncements Not Yet Adopted In October 2023, the FASB issued Accounting Standards Update ("ASU") 2023-06, Disclosure Improvements: Codification Amendments in Response to the SEC's Disclosure Update and Simplification Initiative, which modifies several disclosure and presentation requirements in the FASB accounting standard codification to align them with the SEC regulations. The effective date for each amendment will be the date on which the SEC's removal of that related disclosure from Regulation S-X or Regulation S-K becomes effective, with early adoption permitted, by June 30, 2027. For any amendments in which the SEC has not yet removed the applicable requirement from their regulations by June 30, 2027, the pending content of the related amendment in the FASB codification will not be effective. We do not expect this update to have a material impact to our consolidated financial statements. In November 2023, the FASB issued ASU 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures, which requires all public companies to provide more enhanced disclosures for significant segment expenses. This ASU is effective for annual reporting periods beginning after December 15, 2024, including interim reporting periods within those annual periods, with early adoption permitted. We are currently evaluating the impact of the new guidance on our consolidated financial statements and related disclosures. In December 2023, the FASB issued ASU 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures, which includes amendments to enhance income tax disclosures primarily through changes to the rate reconciliation and income taxes paid information. This ASU is effective for annual reporting periods beginning after December 15, 2024, with early adoption permitted. We are currently evaluating the impact of the new guidance on our consolidated financial statements and related disclosures. Management has evaluated other recently issued accounting pronouncements and does not believe that any of these pronouncements will have a significant impact on our consolidated financial statements and related disclosures.

Consolidated Statements of Earn

Consolidated Statements of Earnings (Unaudited) - USD ($) shares in Millions, $ in Millions	3 Months Ended
	Mar. 31, 2024	Apr. 02, 2023
Income Statement [Abstract]
Revenue from services	$ 1,045.1	$ 1,268.3
Cost of services	839.4	1,014.2
Gross profit	205.7	254.1
Selling, general and administrative expenses	190.5	243.4
Gain on sale of EMEA staffing operations	(11.6)	0
Earnings from operations	26.8	10.7
Gain on forward contract	1.2	0
Other income (expense), net	1.8	2
Earnings before taxes	29.8	12.7
Income tax expense	4	1.8
Net earnings	$ 25.8	$ 10.9
Basic earnings per share (in dollars per share)	$ 0.71	$ 0.29
Diluted earnings per share (in dollars per share)	$ 0.70	$ 0.29
Average shares outstanding (millions):
Basic (in shares)	35.4	37.1
Diluted (in shares)	35.8	37.4

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Loss) (Unaudited) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Apr. 02, 2023
Statement of Comprehensive Income [Abstract]
Net earnings	$ 25.8	$ 10.9
Other comprehensive income (loss), net of tax:
Foreign currency translation adjustments, net of tax benefit of $0.0, and tax expense of $0.0, respectively	(0.5)	2.3
Less: Reclassification adjustments included in net earnings	(0.6)	0
Foreign currency translation adjustments	(1.1)	2.3
Pension liability adjustments, net of tax benefit of $0.4	0	0
Less: Reclassification adjustments included in net earnings	0.4	0
Pension liability adjustments	0.4	0
Other comprehensive income (loss)	(0.7)	2.3
Comprehensive income (loss)	$ 25.1	$ 13.2

Consolidated Statements of Co_2

Consolidated Statements of Comprehensive Income (Unaudited) (Parenthetical) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Apr. 02, 2023
Statement of Comprehensive Income [Abstract]
Foreign currency translation adjustments, tax expense (benefit)	$ 0	$ 0
Pension liability adjustments, tax expense (benefit)	$ (0.4)	$ 0

Consolidated Balance Sheets (Un

Consolidated Balance Sheets (Unaudited) - USD ($) $ in Millions	Mar. 31, 2024	Dec. 31, 2023
Current Assets
Cash and equivalents	$ 200.7	$ 125.8
Trade accounts receivable, less allowances of $8.8 and $8.4 respectively	1,152.9	1,160.6
Prepaid expenses and other current assets	83.2	48.9
Assets held for sale	0	291.3
Total current assets	1,436.8	1,626.6
Property and equipment:
Property and equipment	140.7	138.1
Accumulated depreciation	(115.2)	(113.5)
Net property and equipment	25.5	24.6
Operating lease right-of-use assets	46.3	47.1
Deferred taxes	318.9	321.1
Retirement plan assets	243.7	230.3
Goodwill, net	151.1	151.1
Intangibles, net	132.5	137.7
Other assets	40.6	43.1
Total noncurrent assets	958.6	955
Total Assets	2,395.4	2,581.6
Current Liabilities
Accounts payable and accrued liabilities	581.2	646.1
Operating lease liabilities	8.4	8.4
Accrued payroll and related taxes	165.9	156.2
Accrued workers’ compensation and other claims	22	22.1
Income and other taxes	20	17.2
Liabilities held for sale	0	169.9
Total current liabilities	797.5	1,019.9
Noncurrent Liabilities
Operating lease liabilities	42	42.9
Accrued workers’ compensation and other claims	40.9	40.9
Accrued retirement benefits	229.5	217.4
Other long-term liabilities	8.7	6.8
Total noncurrent liabilities	321.1	308
Commitments and contingencies (see Contingencies footnote)
Treasury stock, at cost
Paid-in capital	27.1	30.6
Earnings invested in the business	1,264.8	1,241.7
Accumulated other comprehensive income (loss)	(0.5)	0.2
Total stockholders’ equity	1,276.8	1,253.7
Total Liabilities and Stockholders’ Equity	2,395.4	2,581.6
Class A Common Stock
Capital stock, $1.00 par value
Common stock, value	35.2	35.2
Treasury stock, at cost
Treasury stock, value	(52.5)	(56.7)
Class B Common Stock
Capital stock, $1.00 par value
Common stock, value	3.3	3.3
Treasury stock, at cost
Treasury stock, value	$ (0.6)	$ (0.6)

Consolidated Balance Sheets (_2

Consolidated Balance Sheets (Unaudited) (Parenthetical) - USD ($) shares in Millions, $ in Millions	Mar. 31, 2024	Dec. 31, 2023
Allowance for trade accounts receivables	$ 8.8	$ 8.4
Class A Common Stock
Capital stock, par value (in dollars per share)	$ 1	$ 1
Common stock, shares authorized (in shares)	100	100
Common stock, shares issued (in shares)	35.2	35.2
Treasury stock, common stock (in shares)	3	3.2
Class B Common Stock
Capital stock, par value (in dollars per share)	$ 1	$ 1
Common stock, shares authorized (in shares)	10	10
Common stock, shares issued (in shares)	3.3	3.3

Consolidated Statements of Stoc

Consolidated Statements of Stockholders' Equity (Unaudited) - USD ($) $ in Millions	Total	Capital Stock Capital Stock, Class A common stock	Capital Stock Capital Stock, Class B common stock	Treasury Stock Treasury Stock, Class A common stock	Treasury Stock Treasury Stock, Class B common stock	Paid-in Capital	Earnings Invested in the Business	Accumulated Other Comprehensive Income (Loss)
Beginning balance at Jan. 01, 2023		$ 35.1	$ 3.4	$ (19.5)	$ (0.6)	$ 28	$ 1,216.3	$ (8.5)
Increase (Decrease) in Stockholders' Equity
Conversions from Class B and to Class A		0.1	(0.1)
Net issuance of stock awards and other				3.1	0	(1.6)
Purchase of treasury stock				(18.3)
Net earnings	$ 10.9						10.9
Dividends							(2.8)
Other comprehensive income (loss), net of tax	2.3							2.3
Ending balance at Apr. 02, 2023	1,247.8	35.2	3.3	(34.7)	(0.6)	26.4	1,224.4	(6.2)
Beginning balance at Dec. 31, 2023	1,253.7	35.2	3.3	(56.7)	(0.6)	30.6	1,241.7	0.2
Increase (Decrease) in Stockholders' Equity
Conversions from Class B and to Class A		0	0
Net issuance of stock awards and other				4.2	0	(3.5)
Purchase of treasury stock				0
Net earnings	25.8						25.8
Dividends							(2.7)
Other comprehensive income (loss), net of tax	(0.7)							(0.7)
Ending balance at Mar. 31, 2024	$ 1,276.8	$ 35.2	$ 3.3	$ (52.5)	$ (0.6)	$ 27.1	$ 1,264.8	$ (0.5)

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Apr. 02, 2023
Cash flows from operating activities:
Net earnings	$ 25.8	$ 10.9
Adjustments to reconcile net earnings to net cash from operating activities:
Depreciation and amortization	8	8.4
Operating lease asset amortization	2.2	4.3
Provision for credit losses and sales allowances	0.5	0.4
Stock-based compensation	2.8	3.1
Gain on sale of equity securities	0	(2)
Gain on forward contract	(1.2)	0
Other, net	(0.2)	(0.3)
Changes in operating assets and liabilities, net of acquisition	(51.8)	(38.3)
Net cash used in operating activities	(25.5)	(13.5)
Cash flows from investing activities:
Capital expenditures	(3.7)	(4.4)
Proceeds from sale of EMEA staffing operations, net of cash disposed	77.1	0
Payment for settlement of forward contract	(2.4)	0
Proceeds from equity securities	0	2
Other investing activities	1.1	0.2
Net cash from (used in) investing activities	72.1	(2.2)
Cash flows from financing activities:
Net change in short-term borrowings	0	(0.7)
Financing lease payments	0	(0.4)
Dividend payments	(2.7)	(2.8)
Payments of tax withholding for stock awards	(1.9)	(1.2)
Buyback of common shares	0	(18.3)
Contingent consideration payments	0	(1.4)
Other financing activities	(0.1)	0
Net cash used in financing activities	(4.7)	(24.8)
Effect of exchange rates on cash, cash equivalents and restricted cash	(0.6)	(0.8)
Net change in cash, cash equivalents and restricted cash	41.3	(41.3)
Cash, cash equivalents and restricted cash at beginning of period	167.6	162.4
Cash, cash equivalents and restricted cash at end of period	208.9	121.1
Cash and cash equivalents	200.7	111.7
Restricted cash included in prepaid expenses and other current assets	0.6	0.5
Restricted cash included in other assets	7.6	8.9
Loss on disposal	$ (11.6)	$ 0

Basis of Presentation

Basis of Presentation	3 Months Ended
	Mar. 31, 2024
Organization, Consolidation and Presentation of Financial Statements [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 (“GAAP”) for complete financial statements. In the opinion of management, all adjustments, including normal recurring adjustments, necessary for a fair statement of the results of the interim periods, have been made. 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 31, 2023, included in the Company’s Annual Report on Form 10-K filed with the Securities and Exchange Commission on February 20, 2024 (the 2023 consolidated financial statements). There were no changes in accounting policies as disclosed in the Form 10-K. The Company’s first fiscal quarter ended on March 31, 2024 and April 2, 2023, each of which contained 13 weeks.

Revenue

Revenue	3 Months Ended
	Mar. 31, 2024
Revenue from Contract with Customer [Abstract]
Revenue	Revenue Revenue Disaggregated by Service Type In 2024, Kelly has four operating segments: Professional & Industrial (“P&I”), Science, Engineering & Technology (“SET”), Education, and Outsourcing & Consulting Group ("Outsourcing & Consulting," "OCG"). Prior to 2024, the Company also had an International operating segment (see Segment Disclosures footnote). The 2023 P&I segment information has been recast to conform to the new structure. Other than OCG, each segment delivers talent through staffing services, permanent placement or outcome-based services. Our OCG segment delivers talent solutions including managed service provider ("MSP"), payroll process outsourcing ("PPO"), recruitment process outsourcing ("RPO"), and talent advisory services. The following table presents our segment revenues disaggregated by service type (in millions of dollars): First Quarter 2024 2023 Professional & Industrial Staffing services $ 231.2 $ 268.6 Permanent placement 2.7 4.6 Outcome-based services 124.5 129.4 Total Professional & Industrial 358.4 402.6 Science, Engineering & Technology Staffing services 195.2 202.3 Permanent placement 4.2 5.5 Outcome-based services 89.9 98.6 Total Science, Engineering & Technology 289.3 306.4 Education Staffing services 288.8 247.6 Permanent placement 1.1 1.8 Total Education 289.9 249.4 Outsourcing & Consulting Talent solutions 108.0 114.6 Total Outsourcing & Consulting 108.0 114.6 International Staffing services — 190.2 Permanent placement — 5.6 Total International — 195.8 Total Intersegment (0.5) (0.5) Total Revenue from Services $ 1,045.1 $ 1,268.3 Revenue Disaggregated by Geography Our operations are subject to different economic and regulatory environments depending on geographic location. Our P&I and Education segments operate in the Americas region, our SET segment operates in the Americas and Europe regions, and OCG operates in the Americas, Europe and Asia-Pacific regions. In 2023, our International segment included our staffing operations in Europe as well as Mexico, which is included in the Americas region. After the sale of the Company's EMEA staffing operations in January 2024 (see Disposition footnote), the Mexico operations, which were previously in our International segment, are now included in our P&I segment. The below table presents our revenues disaggregated by geography (in millions of dollars): First Quarter 2024 2023 Americas United States $ 933.6 $ 959.2 Canada 45.4 44.9 Puerto Rico 24.9 26.9 Mexico 18.9 16.7 Total Americas Region 1,022.8 1,047.7 Europe Switzerland 1.1 52.9 France — 47.8 Portugal — 44.4 Italy — 16.9 Other 9.7 47.7 Total Europe Region 10.8 209.7 Total Asia-Pacific Region 11.5 10.9 Total Kelly Services, Inc. $ 1,045.1 $ 1,268.3 The below table presents revenues from our SET, OCG and former International segment, which previously included our Mexico operations, disaggregated by geographic region, (in millions of dollars): First Quarter 2024 2023 Science, Engineering & Technology Americas $ 286.2 $ 302.1 Europe 3.1 4.3 Total Science, Engineering & Technology $ 289.3 $ 306.4 Outsourcing & Consulting Americas $ 88.8 $ 94.1 Europe 7.7 9.6 Asia-Pacific 11.5 10.9 Total Outsourcing & Consulting $ 108.0 $ 114.6 International Europe $ — $ 195.8 Total International $ — $ 195.8 Deferred Costs Deferred fulfillment costs, which are included in prepaid expenses and other current assets in the consolidated balance sheet, were $2.3 million as of first quarter-end 2024 and $3.4 million as of year-end 2023. Amortization expense for the deferred costs in the first quarter of 2024 and 2023 was $2.4 million.

Credit Losses

Credit Losses	3 Months Ended
	Mar. 31, 2024
Credit Loss [Abstract]
Credit Losses	Credit Losses The rollforward of our allowance for credit losses related to trade accounts receivable, which is recorded in trade accounts receivable, less allowance in the consolidated balance sheet, is as follows (in millions of dollars): First Quarter 2024 2023 Allowance for credit losses: Beginning balance $ 8.0 $ 7.7 Current period provision 0.4 0.8 Currency exchange effects (0.1) 0.1 Disposition of EMEA staffing operations (2.4) — Write-offs — (0.8) Ending balance $ 5.9 $ 7.8 Write-offs are presented net of recoveries, which were not material for first quarter-end 2024 or 2023. As of first quarter-end 2024, the Company has a receivable of $26.9 million related to the sale of our EMEA staffing operations (see Disposition footnote). The Company has determined that no credit loss provision is required on this receivable as it is considered collectible. No other allowances related to other receivables were material as of first quarter-end 2024 or 2023.

Disposition

Disposition	3 Months Ended
	Mar. 31, 2024
Discontinued Operations and Disposal Groups [Abstract]
Disposition	Disposition On January 2, 2024, the Company completed the sale of its EMEA staffing operations ("disposal group"), which was included in the Company's International operating segment, to Gi Group Holdings S.P.A. ("Gi"). Upon closing, the Company received cash proceeds of $110.6 million, or $77.1 million net of cash disposed, which is included in investing activities in the consolidated statements of cash flows. The total gain on the transaction as of the first quarter-end 2024 is $11.6 million, which is recorded in the gain on sale of EMEA staffing operations in the consolidated statements of earnings. The Company expects to receive additional cash proceeds to reflect the cash-free, debt-free transaction basis, as well as working capital and other adjustments. The Company does not expect to receive any proceeds from the contingent consideration opportunity associated with the transaction. Included in the gain as of first-quarter end 2024, the Company has recorded a euro-denominated receivable from Gi of $26.9 million representing the adjustments that are determinable and is expected to be received in the third quarter of 2024. The receivable is included in prepaid expenses and other current assets in the consolidated balance sheet. The disposal group did not meet the requirements to be classified as discontinued operations as the sale did not have a material effect on the Company's operations and did not represent a strategic shift in the Company's strategy. Our consolidated earnings from operations for the first quarter of 2023 included a loss of $1.3 million from the EMEA staffing operations. The major classes of divested assets and liabilities were as follows (in millions of dollars): Assets divested Cash and equivalents $ 33.5 Trade accounts receivable, net 202.8 Prepaid expenses and other current assets 29.0 Property and equipment, net 4.2 Operating lease right-of-use assets 14.2 Deferred taxes 4.1 Other assets 5.4 Assets divested 293.2 Liabilities divested Accounts payable and accrued liabilities (24.5) Operating lease liabilities, current (5.7) Accrued payroll and related taxes (91.6) Income and other taxes (32.9) Operating lease liabilities, noncurrent (8.9) Accrued retirement benefits (1.7) Other long-term liabilities (4.6) Liabilities divested (169.9) Disposal group, net $ 123.3

Fair Value Measurements

Fair Value Measurements	3 Months Ended
	Mar. 31, 2024
Fair Value Disclosures [Abstract]
Fair Value Measurements	Fair Value Measurements Trade accounts receivable, short-term borrowings, accounts payable, accrued liabilities and accrued payroll and related taxes approximate their fair values due to the short-term maturities of these assets and liabilities. Assets and Liabilities Measured at Fair Value on a Recurring Basis The following tables present assets and liabilities measured at fair value on a recurring basis as of first quarter-end 2024 and year-end 2023 in the consolidated balance sheet 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. As of First Quarter-End 2024 Description Total Level 1 Level 2 Level 3 (In millions of dollars) Money market funds $ 106.5 $ 106.5 $ — $ — Foreign currency forward contract, net 0.1 — 0.1 — Total assets at fair value $ 106.6 $ 106.5 $ 0.1 $ — Brazil indemnification $ (2.9) $ — $ — $ (2.9) EMEA staffing indemnification (2.1) — — (2.1) Total liabilities at fair value $ (5.0) $ — $ — $ (5.0) As of Year-End 2023 Description Total Level 1 Level 2 Level 3 (In millions of dollars) Money market funds $ 42.5 $ 42.5 $ — $ — Total assets at fair value $ 42.5 $ 42.5 $ — $ — Brazil indemnification $ (3.0) $ — $ — $ (3.0) Foreign currency forward contract, net (3.6) — (3.6) — Total liabilities at fair value $ (6.6) $ — $ (3.6) $ (3.0) Money market funds Money market funds represent investments in money market funds that hold government securities, of which $7.6 million as of first quarter-end 2024 and $8.0 million as of year-end 2023 are restricted as to use and are included in other assets in the consolidated balance sheet. The money market funds that are restricted as to use account for the majority of our restricted cash balance and represents cash balances that are required to be maintained to fund disability claims in California. The remaining money market funds as of first quarter-end 2024 and year-end 2023 are included in cash and equivalents in the consolidated balance sheet. The valuations of money market funds are based on quoted market prices of those accounts as of the respective period end. Forward contracts On February 8, 2024, the Company entered into a foreign currency forward contract with a notional amount of €17.0 million to manage the foreign currency risk associated with the additional expected proceeds in the third quarter of 2024 related to the sale of our EMEA staffing operations (see Disposition footnote). The expected proceeds are recorded as a euro-denominated receivable which is remeasured each period. The forward contract was designated as a fair value hedge, with the mark-to-market changes of the forward contract offsetting the mark-to-market changes of the receivable in the gain on sale of EMEA staffing operations in the consolidated statements of earnings. The contract was valued using observable inputs, such as foreign currency exchange rates, and is considered a level 2 liability. The Company recorded an unrealized gain of $0.1 million for the first quarter 2024 with a net receivable associated with the forward contract of $0.1 million recorded in prepaid expenses and other current assets on the consolidated balance sheet. On November 2, 2023, the Company entered into a foreign currency forward contract with a notional amount of €90.0 million to manage the foreign currency risk associated with the sale of our EMEA staffing operations, which was completed on January 2, 2024. This contract was not designated as a hedging instrument; therefore, it was marked-to-market and the changes in fair value were recognized in earnings. The Company's foreign currency forward contract was valued using observable inputs, such as foreign currency exchange rates, and is considered a level 2 liability. The Company recorded an unrealized loss of $3.6 million for the year ended 2023 and had a net liability associated with the forward contract of $3.6 million as of year-end 2023. The Company settled the forward contract on January 5, 2024 for $2.4 million of cash. Accordingly, the Company recognized a gain of $1.2 million in the first quarter of 2024 in gain on forward contract on the consolidated statements of earnings, which partially offsets the $3.6 million loss recognized in 2023, for a total loss of $2.4 million on the contract. Indemnification liabilities During the first quarter of 2024, the Company recorded an indemnification liability for $2.1 million relating to the sale of our EMEA staffing operations in January 2024. The liability is included in other long-term liabilities in the consolidated balance sheet and the expense is included in the gain on sale of EMEA staffing operations in the consolidated statements of earnings. As part of the sale, the Company agreed to indemnify the buyer for losses and costs incurred in connection with certain events or occurrences for an indefinite term. The Company's maximum exposure under these indemnifications is not estimable at this time due to uncertainties to potential outcomes and the facts and circumstances involved in the agreement. Management believes the risk of material exposure is remote. The valuation of the indemnification liability was established using a discounted cash flow methodology based on probability weighted-average cash flows discounted by weighted-average cost of capital. The valuation, which represents the fair value, is considered a level 3 liability, and is measured on a recurring basis. As of first quarter-end 2024, the Company had an indemnification liability totaling $2.9 million with $0.1 million in accounts payable and accrued liabilities and $2.8 million in other long-term liabilities, and $3.0 million at year-end 2023, with $0.1 million in accounts payable and accrued liabilities and $2.9 million in other long-term liabilities in the consolidated balance sheet related to the 2020 sale of the Brazil operations. As part of the sale, the Company agreed to indemnify the buyer for losses and costs incurred in connection with certain events or occurrences initiated within a six-year period after closing. The aggregate losses for which the Company will provide indemnification shall not exceed $8.8 million. The valuation of the indemnification liability was established using a discounted cash flow methodology based on probability weighted-average cash flows discounted by weighted-average cost of capital. The valuation, which represents the fair value, is considered a level 3 liability, and is being measured on a recurring basis. During the first quarter of 2024 and 2023 the Company recognized a decrease of $0.1 million and an increase of $0.1 million, respectively, to the indemnification liability related to exchange rate fluctuations in other income (expense), net in the consolidated statements of earnings. Earnout liability The Company had previously recorded an earnout liability relating to the 2020 acquisition of Greenwood/Asher. The initial valuation of the earnout liability was established using a Black Scholes model and represented the fair value and was considered a level 3 liability. During the first quarter of 2023, the Company paid the remaining earnout liability totaling $3.3 million, representing the year two portion of the earnout. In the consolidated statements of cash flows, $1.4 million of the payment is reflected as a financing activity representing the initial fair value of the earnout, with the remainder flowing through operating activities. Equity Investment Without Readily Determinable Fair Value On March 1, 2022, the Company sold the majority of its investment in PersolKelly Pte. Ltd. (the "JV"). Prior to February 2022, the Company had a 49% ownership interest in the JV, a staffing services business currently operating in ten geographies in the Asia-Pacific region. The Company holds a 2.5% interest in the JV, which is measured using the measurement alternative for equity investments without a readily determinable fair value. The measurement alternative represents cost, less impairment, plus or minus observable price changes. The investment totaled $6.4 million as of first quarter-end 2024, representing total cost plus observable price changes to date.

Restructuring and Transformatio

Restructuring and Transformation Activities	3 Months Ended
	Mar. 31, 2024
Restructuring and Related Activities [Abstract]
Restructuring and Transformation Activities	Restructuring and Transformation Activities 2024 Actions In the first quarter of 2024, the Company incurred $2.3 million of restructuring charges and transformation fees as a continuation of the actions that were announced in the second quarter of 2023 as part of the comprehensive transformation initiative. The transformation activities include $1.1 million of severance and $1.2 million of costs to execute the transformation through the use of an external consultant. The severance and transformation costs are recorded in selling, general and administrative ("SG&A") expenses in the consolidated statements of earnings. The restructuring and transformation costs included in SG&A are detailed below for the first quarter of 2024 (in millions of dollars): Severance Transformation Costs Total Professional & Industrial $ 0.1 $ — $ 0.1 Outsourcing & Consulting 0.6 — 0.6 Corporate 0.4 1.2 1.6 Total $ 1.1 $ 1.2 $ 2.3 2023 Actions In the first quarter of 2023, the Company undertook restructuring actions to further our cost management efforts in response to the current demand levels and reflect a repositioning of our P&I staffing business to better capitalize on opportunities in local markets. Restructuring costs incurred in the first quarter of 2023 totaled $6.6 million and were recorded entirely in SG&A expenses in the consolidated statements of earnings. The restructuring and transformation costs included in SG&A are detailed below for the first quarter of 2023 (in millions of dollars): Severance Lease Termination Costs, Total Professional & Industrial $ 2.7 $ 0.3 $ 3.0 Science, Engineering & Technology 0.4 0.1 0.5 Education 0.1 — 0.1 Outsourcing & Consulting 0.6 — 0.6 International 0.6 — 0.6 Corporate 0.2 1.6 1.8 Total $ 4.6 $ 2.0 $ 6.6 Accrual Summary A summary of the global restructuring balance sheet accrual, included in accrued payroll and related taxes and accounts payable and accrued liabilities in the consolidated balance sheet, is detailed below (in millions of dollars): Balance as of year-end 2023 $ 15.1 Accruals 2.3 Reductions for cash payments (11.0) Disposition of EMEA staffing operations (1.5) Accrual adjustments (0.2) Balance as of first quarter-end 2024 $ 4.7 The remaining balance of $4.7 million as of first quarter-end 2024 primarily represents the costs to execute the transformation initiatives and severance costs, and the majority is expected to be paid by the end of 2024. No material adjustments are expected to be recorded.

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income (Loss)	3 Months Ended
	Mar. 31, 2024
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Accumulated Other Comprehensive Income (Loss)	Accumulated Other Comprehensive Income (Loss) The changes in accumulated other comprehensive income (loss) by component, net of tax, for the first quarter 2024 and 2023 are included in the table below. Amounts in parentheses indicate debits. First Quarter 2024 2023 (In millions of dollars) Foreign currency translation adjustments: Beginning balance $ 0.6 $ (7.4) Other comprehensive income (loss) before reclassifications (0.5) 2.3 Amounts reclassified from accumulated other comprehensive income (loss) (0.6) — Net current-period other comprehensive income (loss) (1.1) 2.3 Ending balance (0.5) (5.1) Pension liability adjustments: Beginning balance (0.4) (1.1) Other comprehensive income (loss) before reclassifications — — Amounts reclassified from accumulated other comprehensive income (loss) 0.4 — Net current-period other comprehensive income (loss) 0.4 — Ending balance — (1.1) Total accumulated other comprehensive income (loss) $ (0.5) $ (6.2)

Earnings Per Share

Earnings Per Share	3 Months Ended
	Mar. 31, 2024
Earnings Per Share [Abstract]
Earnings Per Share	Earnings Per Share The reconciliation of basic and diluted earnings per share on common stock for the first quarter 2024 and 2023 follows (in millions of dollars except per share data): First Quarter 2024 2023 Net earnings $ 25.8 $ 10.9 Less: earnings allocated to participating securities (0.6) (0.2) Net earnings available to common shareholders $ 25.2 $ 10.7 Average shares outstanding (millions): Basic 35.4 37.1 Dilutive share awards 0.4 0.3 Diluted 35.8 37.4 Basic earnings per share $ 0.71 $ 0.29 Diluted earnings per share $ 0.70 $ 0.29 Potentially dilutive share awards are related to deferred common stock related to the non-employee directors deferred compensation plan and performance shares for the first quarter of 2024 and 2023 (see Stock-Based Compensation footnote for a description of performance shares). Dividends paid per share for Class A and Class B common stock were $0.075 for the first quarter of 2024 and 2023. In November 2022, the Company's board of directors authorized a $50.0 million Class A share repurchase program, which was completed in August 2023. During the first quarter of 2023, the Company repurchased 1,099,728 shares for $18.3 million. A total of 2,971,471 shares were repurchased under the share repurchase program at an average price of $16.83 per share.

Stock-Based Compensation

Stock-Based Compensation	3 Months Ended
	Mar. 31, 2024
Share-Based Payment Arrangement [Abstract]
Stock-Based Compensation	Stock-Based Compensation For the first quarter of 2024, the Company recognized stock compensation expense of $2.8 million and a related tax benefit of $0.7 million. For the first quarter of 2023, the Company recognized stock compensation expense of $3.1 million and a related tax benefit of $0.3 million. Performance Shares 2024 Grant During the first quarter of 2024, the Company granted performance share awards associated with the Company’s Class A common stock to certain senior officers. The payment of performance share awards is contingent upon the achievement of specific revenue growth and earnings before interest, taxes, depreciation and amortization ("EBITDA") margin performance goals ("financial measure performance share awards") over a stated period of time. The maximum number of performance shares that may be earned is 200% of the target shares originally granted. These awards have three one-year performance periods: 2024, 2025 and 2026, with the payout for each performance period based on separate financial measure goals that are set in February of each of the three performance periods. Earned shares during each performance period will cliff vest in February 2027 after approval of the financial results by the Compensation Committee, if not forfeited by the recipient. No dividends are paid on these performance shares. 2021 Grant In December 2021, the Compensation Committee approved a retention-based grant of 308,000 financial measure performance awards to certain senior officers which may be earned upon achievement of three financial goals over a performance period beginning in fiscal 2022 through the third quarter of 2024, with each goal having a unique projected achievement date. Each goal can be earned independent of the other two goals. Any shares earned during the performance period will cliff-vest three years after achievement of the respective performance goals and approval of the financial results by the Compensation Committee. On May 7, 2024, the Compensation Committee confirmed the actual performance achievement for the final financial goal related to the 2021 retention-based grant, which was not achieved before the end of the performance period and resulted in no payout. A summary of the status of all nonvested performance shares at target as of first quarter-end 2024 and changes during this period is presented as follows below (in thousands of shares except per share data). The vesting adjustment in the table below represents the 2021 financial measure performance shares that did not vest because actual achievement was below the threshold level and resulted in no payout. Financial Measure Shares Weighted Average Grant Date Fair Value Nonvested at year-end 2023 674 $ 17.49 Granted 170 19.96 Vested (136) 18.88 Forfeited — — Vesting adjustment (28) 15.76 Nonvested at first quarter-end 2024 680 $ 18.41 Restricted Stock A summary of the status of nonvested restricted stock as of first quarter-end 2024 and changes during this period is presented as follows below (in thousands of shares except per share data). Shares Weighted Average Grant Date Fair Value Nonvested at year-end 2023 784 $ 18.52 Granted 356 20.81 Vested (197) 18.63 Forfeited (32) 18.63 Nonvested at first quarter-end 2024 911 $ 19.39

Other Income (Expense), Net

Other Income (Expense), Net	3 Months Ended
	Mar. 31, 2024
Other Income and Expenses [Abstract]
Other Income (Expense), Net	Other Income (Expense), Net Included in other income (expense), net for the first quarter 2024 and 2023 are the following: First Quarter 2024 2023 (In millions of dollars) Interest income $ 2.8 $ 1.4 Interest expense (0.5) (0.8) Foreign exchange gains (losses) — (0.7) Other (0.5) 2.1 Other income (expense), net $ 1.8 $ 2.0 Included in Other for the first quarter of 2023 is a gain of $2.0 million for the receipt of earnout proceeds in connection with an investment that was sold in 2021.

Income Taxes

Income Taxes	3 Months Ended
	Mar. 31, 2024
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes Income ta x expense was $4.0 million for the first quarter of 2024 and $1.8 million for the first quarter of 2023. The quarterly variance primarily relates to changes in pretax income. Our tax expense is affected by recurring items, such as the amount of pretax income and its mix by jurisdiction, U.S. work opportunity credits and the change in cash surrender value of tax-exempt investments in life insurance policies. It is also affected by discrete items that may occur in any given period but are not consistent from period to period, such as tax law changes, changes in judgment regarding the realizability of deferred tax assets and the tax effects of stock compensation.

Segment Disclosures

Segment Disclosures	3 Months Ended
	Mar. 31, 2024
Segment Reporting [Abstract]
Segment Disclosures	Segment Disclosures The Company’s operating segments, which also represent its reporting segments, are based on the organizational structure for which financial results are regularly evaluated by the Company’s chief operating decision-maker ("CODM", the Company’s CEO) to determine resource allocation and assess performance. The Company’s four reportable segments in 2024, (1) Professional & Industrial, (2) Science, Engineering & Technology, (3) Education, and (4) Outsourcing & Consulting, reflect the specialty services the Company provides to customers and represent how the business is organized internally. Prior to 2024, the Company also had an International operating segment. Beginning in the first quarter of 2024, the Company's organizational structure no longer includes the International segment following the sale of the EMEA staffing operations in January 2024. Our Mexico operations, which were previously in our International segment, are now included in the Professional & Industrial segment. Professional & Industrial segment information for the prior year has been recast to conform to the new structure. Intersegment revenue represents revenue earned between the reportable segments and is eliminated from total segment revenue from services. In addition to the change in our segment structure in the first quarter of 2024, we reassessed the allocation of corporate expenses to the operating segments and allocated additional costs which are attributable to the business from corporate. In the first quarter of 2024, the Company changed the primary segment profitability measure from earnings from operations to a business unit profit measure that excludes depreciation and amortization. This change will provide management greater visibility into the financial performance of the segments and how they contribute to the Company's overall performance. Prior periods have been recast to reflect the current period allocation method and new segment profitability measurement. The update had no impact on the consolidated financial information. The following tables present information about the reported revenue from services and gross profit of the Company by reportable segment, along with a reconciliation to earnings before taxes, for the first quarter of 2024 and 2023. Asset information by reportable segment is not presented, since the Company does not produce such information internally nor does it use such information to manage its business. First Quarter 2024 2023 (In millions of dollars) Revenue from Services: Professional & Industrial $ 358.4 $ 402.6 Science, Engineering & Technology 289.3 306.4 Education 289.9 249.4 Outsourcing & Consulting 108.0 114.6 International — 195.8 Less: Intersegment revenue (0.5) (0.5) Consolidated Total $ 1,045.1 $ 1,268.3 First Quarter 2024 2023 (In millions of dollars) Business Unit Profit (Loss): Professional & Industrial gross profit $ 63.9 $ 72.2 Professional & Industrial SG&A expenses excluding depreciation and amortization (58.0) (73.4) Professional & Industrial Profit (Loss) 5.9 (1.2) Science, Engineering & Technology gross profit 64.4 71.3 Science, Engineering & Technology SG&A expenses excluding depreciation and amortization (46.2) (52.8) Science, Engineering & Technology Profit (Loss) 18.2 18.5 Education gross profit 42.1 39.3 Education SG&A expenses excluding depreciation and amortization (24.0) (23.9) Education Profit (Loss) 18.1 15.4 Outsourcing & Consulting gross profit 35.3 41.6 Outsourcing & Consulting SG&A expenses excluding depreciation and amortization (37.1) (41.7) Outsourcing & Consulting Profit (Loss) (1.8) (0.1) International gross profit — 29.7 International SG&A expenses excluding depreciation and amortization — (30.4) International Profit (Loss) — (0.7) Corporate (15.0) (11.7) Gain on sale of EMEA staffing operations 11.6 — Depreciation and amortization (10.2) (9.5) Consolidated earnings from operations 26.8 10.7 Gain on forward contract 1.2 — Other income (expense), net 1.8 2.0 Earnings before taxes $ 29.8 $ 12.7 Depreciation and amortization expense is included in SG&A expenses in our consolidated statements of earnings. Depreciation and amortization expense amounts below include amortization of implementation costs for hosted software, which are excluded in the presentation of depreciation and amortization in our consolidated statements of cash flows. The depreciation and amortization amounts by segment are as follows: First Quarter 2024 2023 (In millions of dollars) Depreciation and amortization: Professional & Industrial $ 2.4 $ 1.8 Science, Engineering & Technology 4.1 3.8 Education 2.0 1.9 Outsourcing & Consulting 1.7 1.4 International — 0.6

Subsequent Event

Subsequent Event	3 Months Ended
	Mar. 31, 2024
Subsequent Events [Abstract]
Subsequent Events	Subsequent Event On May 2, 2024, the Company, MRP Merger Sub, Inc. (“Merger Sub”), a newly-formed, wholly owned subsidiary of the Company, MRP Topco (“Topco”), the indirect parent company of Motion Recruitment Partners, LLC (“Motion”), and Littlejohn Fund V, L.P. (“Littlejohn”), in its capacity as the securityholders’ representative, entered into an Agreement and Plan of Merger (the “Merger Agreement”) whereby the Company would indirectly acquire 100% of the equity interests in Motion by way of a merger of Merger Sub with and into Topco, with Topco surviving the merger (the “Merger”). The Company will pay cash at close of $425.0 million, subject to adjustments for working capital and to reflect the cash-free, debt-free transaction basis. Additional cash consideration of up to $60.0 million may be due under the terms of an earnout provision. The earnout payment would be due in the second quarter of 2025 and is based on a multiple of gross profit in excess of an agreed-upon amount during the earnout period. The transaction is expected to close in the second quarter of 2024, subject to regulatory approvals and other customary closing conditions.

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Apr. 02, 2023
Pay vs Performance Disclosure
Net earnings	$ 25.8	$ 10.9

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Mar. 31, 2024
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

Basis of Presentation (Policies

Basis of Presentation (Policies)	3 Months Ended
	Mar. 31, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
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 (“GAAP”) for complete financial statements. In the opinion of management, all adjustments, including normal recurring adjustments, necessary for a fair statement of the results of the interim periods, have been made. 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 31, 2023, included in the Company’s Annual Report on Form 10-K filed with the Securities and Exchange Commission on February 20, 2024 (the 2023 consolidated financial statements). There were no changes in accounting policies as disclosed in the Form 10-K. The Company’s first fiscal quarter ended on March 31, 2024 and April 2, 2023, each of which contained 13 weeks.
Reclassifications	Certain reclassifications have been made to the prior year's consolidated financial statements to conform to the current year's presentation. Specifically, as discussed in the Segment Disclosures footnote, the Company has made a change to its reportable segments during the first quarter of 2024. We have also reclassified the presentation of our retirement plan assets, which represents our investment in life insurance contracts, and intangibles, net from the other assets line item to separate line items within our consolidated balance sheet.
New Accounting Pronouncements	New Accounting Pronouncements Not Yet Adopted In October 2023, the FASB issued Accounting Standards Update ("ASU") 2023-06, Disclosure Improvements: Codification Amendments in Response to the SEC's Disclosure Update and Simplification Initiative, which modifies several disclosure and presentation requirements in the FASB accounting standard codification to align them with the SEC regulations. The effective date for each amendment will be the date on which the SEC's removal of that related disclosure from Regulation S-X or Regulation S-K becomes effective, with early adoption permitted, by June 30, 2027. For any amendments in which the SEC has not yet removed the applicable requirement from their regulations by June 30, 2027, the pending content of the related amendment in the FASB codification will not be effective. We do not expect this update to have a material impact to our consolidated financial statements. In November 2023, the FASB issued ASU 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures, which requires all public companies to provide more enhanced disclosures for significant segment expenses. This ASU is effective for annual reporting periods beginning after December 15, 2024, including interim reporting periods within those annual periods, with early adoption permitted. We are currently evaluating the impact of the new guidance on our consolidated financial statements and related disclosures. In December 2023, the FASB issued ASU 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures, which includes amendments to enhance income tax disclosures primarily through changes to the rate reconciliation and income taxes paid information. This ASU is effective for annual reporting periods beginning after December 15, 2024, with early adoption permitted. We are currently evaluating the impact of the new guidance on our consolidated financial statements and related disclosures. Management has evaluated other recently issued accounting pronouncements and does not believe that any of these pronouncements will have a significant impact on our consolidated financial statements and related disclosures.

Revenue (Tables)

Revenue (Tables)	3 Months Ended
	Mar. 31, 2024
Revenue from Contract with Customer [Abstract]
Disaggregation of Revenue	The following table presents our segment revenues disaggregated by service type (in millions of dollars): First Quarter 2024 2023 Professional & Industrial Staffing services $ 231.2 $ 268.6 Permanent placement 2.7 4.6 Outcome-based services 124.5 129.4 Total Professional & Industrial 358.4 402.6 Science, Engineering & Technology Staffing services 195.2 202.3 Permanent placement 4.2 5.5 Outcome-based services 89.9 98.6 Total Science, Engineering & Technology 289.3 306.4 Education Staffing services 288.8 247.6 Permanent placement 1.1 1.8 Total Education 289.9 249.4 Outsourcing & Consulting Talent solutions 108.0 114.6 Total Outsourcing & Consulting 108.0 114.6 International Staffing services — 190.2 Permanent placement — 5.6 Total International — 195.8 Total Intersegment (0.5) (0.5) Total Revenue from Services $ 1,045.1 $ 1,268.3 The below table presents our revenues disaggregated by geography (in millions of dollars): First Quarter 2024 2023 Americas United States $ 933.6 $ 959.2 Canada 45.4 44.9 Puerto Rico 24.9 26.9 Mexico 18.9 16.7 Total Americas Region 1,022.8 1,047.7 Europe Switzerland 1.1 52.9 France — 47.8 Portugal — 44.4 Italy — 16.9 Other 9.7 47.7 Total Europe Region 10.8 209.7 Total Asia-Pacific Region 11.5 10.9 Total Kelly Services, Inc. $ 1,045.1 $ 1,268.3 The below table presents revenues from our SET, OCG and former International segment, which previously included our Mexico operations, disaggregated by geographic region, (in millions of dollars): First Quarter 2024 2023 Science, Engineering & Technology Americas $ 286.2 $ 302.1 Europe 3.1 4.3 Total Science, Engineering & Technology $ 289.3 $ 306.4 Outsourcing & Consulting Americas $ 88.8 $ 94.1 Europe 7.7 9.6 Asia-Pacific 11.5 10.9 Total Outsourcing & Consulting $ 108.0 $ 114.6 International Europe $ — $ 195.8 Total International $ — $ 195.8

Credit Losses (Tables)

Credit Losses (Tables)	3 Months Ended
	Mar. 31, 2024
Credit Loss [Abstract]
Accounts Receivable, Allowance for Credit Loss	The rollforward of our allowance for credit losses related to trade accounts receivable, which is recorded in trade accounts receivable, less allowance in the consolidated balance sheet, is as follows (in millions of dollars): First Quarter 2024 2023 Allowance for credit losses: Beginning balance $ 8.0 $ 7.7 Current period provision 0.4 0.8 Currency exchange effects (0.1) 0.1 Disposition of EMEA staffing operations (2.4) — Write-offs — (0.8) Ending balance $ 5.9 $ 7.8

Disposition (Tables)

Disposition (Tables)	3 Months Ended
	Mar. 31, 2024
Discontinued Operations and Disposal Groups [Abstract]
Disposal Groups, Including Discontinued Operations	The major classes of divested assets and liabilities were as follows (in millions of dollars): Assets divested Cash and equivalents $ 33.5 Trade accounts receivable, net 202.8 Prepaid expenses and other current assets 29.0 Property and equipment, net 4.2 Operating lease right-of-use assets 14.2 Deferred taxes 4.1 Other assets 5.4 Assets divested 293.2 Liabilities divested Accounts payable and accrued liabilities (24.5) Operating lease liabilities, current (5.7) Accrued payroll and related taxes (91.6) Income and other taxes (32.9) Operating lease liabilities, noncurrent (8.9) Accrued retirement benefits (1.7) Other long-term liabilities (4.6) Liabilities divested (169.9) Disposal group, net $ 123.3

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	3 Months Ended
	Mar. 31, 2024
Fair Value Disclosures [Abstract]
Schedule of Fair Value Assets Measured on Recurring Basis	The following tables present assets and liabilities measured at fair value on a recurring basis as of first quarter-end 2024 and year-end 2023 in the consolidated balance sheet 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. As of First Quarter-End 2024 Description Total Level 1 Level 2 Level 3 (In millions of dollars) Money market funds $ 106.5 $ 106.5 $ — $ — Foreign currency forward contract, net 0.1 — 0.1 — Total assets at fair value $ 106.6 $ 106.5 $ 0.1 $ — Brazil indemnification $ (2.9) $ — $ — $ (2.9) EMEA staffing indemnification (2.1) — — (2.1) Total liabilities at fair value $ (5.0) $ — $ — $ (5.0) As of Year-End 2023 Description Total Level 1 Level 2 Level 3 (In millions of dollars) Money market funds $ 42.5 $ 42.5 $ — $ — Total assets at fair value $ 42.5 $ 42.5 $ — $ — Brazil indemnification $ (3.0) $ — $ — $ (3.0) Foreign currency forward contract, net (3.6) — (3.6) — Total liabilities at fair value $ (6.6) $ — $ (3.6) $ (3.0)

Restructuring and Transformat_2

Restructuring and Transformation Activities (Tables)	3 Months Ended
	Mar. 31, 2024
Restructuring and Related Activities [Abstract]
Restructuring and Related Costs	The restructuring and transformation costs included in SG&A are detailed below for the first quarter of 2024 (in millions of dollars): Severance Transformation Costs Total Professional & Industrial $ 0.1 $ — $ 0.1 Outsourcing & Consulting 0.6 — 0.6 Corporate 0.4 1.2 1.6 Total $ 1.1 $ 1.2 $ 2.3 The restructuring and transformation costs included in SG&A are detailed below for the first quarter of 2023 (in millions of dollars): Severance Lease Termination Costs, Total Professional & Industrial $ 2.7 $ 0.3 $ 3.0 Science, Engineering & Technology 0.4 0.1 0.5 Education 0.1 — 0.1 Outsourcing & Consulting 0.6 — 0.6 International 0.6 — 0.6 Corporate 0.2 1.6 1.8 Total $ 4.6 $ 2.0 $ 6.6
Schedule of Restructuring Balance Sheet Accrual	A summary of the global restructuring balance sheet accrual, included in accrued payroll and related taxes and accounts payable and accrued liabilities in the consolidated balance sheet, is detailed below (in millions of dollars): Balance as of year-end 2023 $ 15.1 Accruals 2.3 Reductions for cash payments (11.0) Disposition of EMEA staffing operations (1.5) Accrual adjustments (0.2) Balance as of first quarter-end 2024 $ 4.7

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Income (Loss) (Tables)	3 Months Ended
	Mar. 31, 2024
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Schedule of Accumulated Other Comprehensive Income by Component, Net of Tax	The changes in accumulated other comprehensive income (loss) by component, net of tax, for the first quarter 2024 and 2023 are included in the table below. Amounts in parentheses indicate debits. First Quarter 2024 2023 (In millions of dollars) Foreign currency translation adjustments: Beginning balance $ 0.6 $ (7.4) Other comprehensive income (loss) before reclassifications (0.5) 2.3 Amounts reclassified from accumulated other comprehensive income (loss) (0.6) — Net current-period other comprehensive income (loss) (1.1) 2.3 Ending balance (0.5) (5.1) Pension liability adjustments: Beginning balance (0.4) (1.1) Other comprehensive income (loss) before reclassifications — — Amounts reclassified from accumulated other comprehensive income (loss) 0.4 — Net current-period other comprehensive income (loss) 0.4 — Ending balance — (1.1) Total accumulated other comprehensive income (loss) $ (0.5) $ (6.2)

Earnings Per Share (Tables)

Earnings Per Share (Tables)	3 Months Ended
	Mar. 31, 2024
Earnings Per Share [Abstract]
Reconciliation of Basic and Diluted Earnings Per Share	The reconciliation of basic and diluted earnings per share on common stock for the first quarter 2024 and 2023 follows (in millions of dollars except per share data): First Quarter 2024 2023 Net earnings $ 25.8 $ 10.9 Less: earnings allocated to participating securities (0.6) (0.2) Net earnings available to common shareholders $ 25.2 $ 10.7 Average shares outstanding (millions): Basic 35.4 37.1 Dilutive share awards 0.4 0.3 Diluted 35.8 37.4 Basic earnings per share $ 0.71 $ 0.29 Diluted earnings per share $ 0.70 $ 0.29

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	3 Months Ended
	Mar. 31, 2024
Share-Based Payment Arrangement [Abstract]
Schedule of Nonvested Performance Shares	A summary of the status of all nonvested performance shares at target as of first quarter-end 2024 and changes during this period is presented as follows below (in thousands of shares except per share data). The vesting adjustment in the table below represents the 2021 financial measure performance shares that did not vest because actual achievement was below the threshold level and resulted in no payout. Financial Measure Shares Weighted Average Grant Date Fair Value Nonvested at year-end 2023 674 $ 17.49 Granted 170 19.96 Vested (136) 18.88 Forfeited — — Vesting adjustment (28) 15.76 Nonvested at first quarter-end 2024 680 $ 18.41
Schedule of Nonvested Restricted Stock	A summary of the status of nonvested restricted stock as of first quarter-end 2024 and changes during this period is presented as follows below (in thousands of shares except per share data). Shares Weighted Average Grant Date Fair Value Nonvested at year-end 2023 784 $ 18.52 Granted 356 20.81 Vested (197) 18.63 Forfeited (32) 18.63 Nonvested at first quarter-end 2024 911 $ 19.39

Other Income (Expense), Net (Ta

Other Income (Expense), Net (Tables)	3 Months Ended
	Mar. 31, 2024
Other Income and Expenses [Abstract]
Schedule of Other Income (Expense), Net	Included in other income (expense), net for the first quarter 2024 and 2023 are the following: First Quarter 2024 2023 (In millions of dollars) Interest income $ 2.8 $ 1.4 Interest expense (0.5) (0.8) Foreign exchange gains (losses) — (0.7) Other (0.5) 2.1 Other income (expense), net $ 1.8 $ 2.0

Segment Disclosures (Tables)

Segment Disclosures (Tables)	3 Months Ended
	Mar. 31, 2024
Segment Reporting [Abstract]
Segment Revenue from Services	The following tables present information about the reported revenue from services and gross profit of the Company by reportable segment, along with a reconciliation to earnings before taxes, for the first quarter of 2024 and 2023. Asset information by reportable segment is not presented, since the Company does not produce such information internally nor does it use such information to manage its business. First Quarter 2024 2023 (In millions of dollars) Revenue from Services: Professional & Industrial $ 358.4 $ 402.6 Science, Engineering & Technology 289.3 306.4 Education 289.9 249.4 Outsourcing & Consulting 108.0 114.6 International — 195.8 Less: Intersegment revenue (0.5) (0.5) Consolidated Total $ 1,045.1 $ 1,268.3
Segment Business Unit Profit (Loss)	First Quarter 2024 2023 (In millions of dollars) Business Unit Profit (Loss): Professional & Industrial gross profit $ 63.9 $ 72.2 Professional & Industrial SG&A expenses excluding depreciation and amortization (58.0) (73.4) Professional & Industrial Profit (Loss) 5.9 (1.2) Science, Engineering & Technology gross profit 64.4 71.3 Science, Engineering & Technology SG&A expenses excluding depreciation and amortization (46.2) (52.8) Science, Engineering & Technology Profit (Loss) 18.2 18.5 Education gross profit 42.1 39.3 Education SG&A expenses excluding depreciation and amortization (24.0) (23.9) Education Profit (Loss) 18.1 15.4 Outsourcing & Consulting gross profit 35.3 41.6 Outsourcing & Consulting SG&A expenses excluding depreciation and amortization (37.1) (41.7) Outsourcing & Consulting Profit (Loss) (1.8) (0.1) International gross profit — 29.7 International SG&A expenses excluding depreciation and amortization — (30.4) International Profit (Loss) — (0.7) Corporate (15.0) (11.7) Gain on sale of EMEA staffing operations 11.6 — Depreciation and amortization (10.2) (9.5) Consolidated earnings from operations 26.8 10.7 Gain on forward contract 1.2 — Other income (expense), net 1.8 2.0 Earnings before taxes $ 29.8 $ 12.7
Depreciation and Amortization by Segment	Depreciation and amortization expense is included in SG&A expenses in our consolidated statements of earnings. Depreciation and amortization expense amounts below include amortization of implementation costs for hosted software, which are excluded in the presentation of depreciation and amortization in our consolidated statements of cash flows. The depreciation and amortization amounts by segment are as follows: First Quarter 2024 2023 (In millions of dollars) Depreciation and amortization: Professional & Industrial $ 2.4 $ 1.8 Science, Engineering & Technology 4.1 3.8 Education 2.0 1.9 Outsourcing & Consulting 1.7 1.4 International — 0.6

Revenue - Narrative (Details)

Revenue - Narrative (Details) $ in Millions	3 Months Ended
	Mar. 31, 2024 USD ($) segment	Apr. 02, 2023 USD ($)	Dec. 31, 2023 USD ($)
Revenue from Contract with Customer [Line Items]
Number of operating segments | segment	4
Deferred Fulfillment Costs
Revenue from Contract with Customer [Line Items]
Capitalized contract cost, net	$ 2.3		$ 3.4
Capitalized contract cost, amortization	$ 2.4	$ 2.4

Revenue - Disaggregation of Rev

Revenue - Disaggregation of Revenues by Service Type (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Apr. 02, 2023
Disaggregation of Revenue [Line Items]
Revenue	$ 1,045.1	$ 1,268.3
Professional & Industrial
Disaggregation of Revenue [Line Items]
Revenue	358.4	402.6
Science, Engineering & Technology
Disaggregation of Revenue [Line Items]
Revenue	289.3	306.4
Education
Disaggregation of Revenue [Line Items]
Revenue	289.9	249.4
Outsourcing & Consulting
Disaggregation of Revenue [Line Items]
Revenue	108	114.6
International
Disaggregation of Revenue [Line Items]
Revenue	0	195.8
Staffing services | Professional & Industrial
Disaggregation of Revenue [Line Items]
Revenue	231.2	268.6
Staffing services | Science, Engineering & Technology
Disaggregation of Revenue [Line Items]
Revenue	195.2	202.3
Staffing services | Education
Disaggregation of Revenue [Line Items]
Revenue	288.8	247.6
Staffing services | International
Disaggregation of Revenue [Line Items]
Revenue	0	190.2
Permanent placement | Professional & Industrial
Disaggregation of Revenue [Line Items]
Revenue	2.7	4.6
Permanent placement | Science, Engineering & Technology
Disaggregation of Revenue [Line Items]
Revenue	4.2	5.5
Permanent placement | Education
Disaggregation of Revenue [Line Items]
Revenue	1.1	1.8
Permanent placement | International
Disaggregation of Revenue [Line Items]
Revenue	0	5.6
Outcome-based services | Professional & Industrial
Disaggregation of Revenue [Line Items]
Revenue	124.5	129.4
Outcome-based services | Science, Engineering & Technology
Disaggregation of Revenue [Line Items]
Revenue	89.9	98.6
Talent solutions | Outsourcing & Consulting
Disaggregation of Revenue [Line Items]
Revenue	108	114.6
Total Intersegment
Disaggregation of Revenue [Line Items]
Revenue	$ (0.5)	$ (0.5)

Revenue - Revenue by Country (D

Revenue - Revenue by Country (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Apr. 02, 2023
Disaggregation of Revenue [Line Items]
Revenue	$ 1,045.1	$ 1,268.3
Americas
Disaggregation of Revenue [Line Items]
Revenue	1,022.8	1,047.7
United States
Disaggregation of Revenue [Line Items]
Revenue	933.6	959.2
Canada
Disaggregation of Revenue [Line Items]
Revenue	45.4	44.9
Puerto Rico
Disaggregation of Revenue [Line Items]
Revenue	24.9	26.9
Mexico
Disaggregation of Revenue [Line Items]
Revenue	18.9	16.7
Europe
Disaggregation of Revenue [Line Items]
Revenue	10.8	209.7
Switzerland
Disaggregation of Revenue [Line Items]
Revenue	1.1	52.9
France
Disaggregation of Revenue [Line Items]
Revenue	0	47.8
Portugal
Disaggregation of Revenue [Line Items]
Revenue	0	44.4
Italy
Disaggregation of Revenue [Line Items]
Revenue	0	16.9
Other
Disaggregation of Revenue [Line Items]
Revenue	9.7	47.7
Total Asia-Pacific Region
Disaggregation of Revenue [Line Items]
Revenue	$ 11.5	$ 10.9

Revenue - Disaggregation of R_2

Revenue - Disaggregation of Revenues by Geographic Region (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Apr. 02, 2023
Disaggregation of Revenue [Line Items]
Revenue	$ 1,045.1	$ 1,268.3
Americas
Disaggregation of Revenue [Line Items]
Revenue	1,022.8	1,047.7
Asia-Pacific
Disaggregation of Revenue [Line Items]
Revenue	11.5	10.9
Science, Engineering & Technology
Disaggregation of Revenue [Line Items]
Revenue	289.3	306.4
Science, Engineering & Technology | Americas
Disaggregation of Revenue [Line Items]
Revenue	286.2	302.1
Science, Engineering & Technology | Europe
Disaggregation of Revenue [Line Items]
Revenue	3.1	4.3
Outsourcing & Consulting
Disaggregation of Revenue [Line Items]
Revenue	108	114.6
Outsourcing & Consulting | Americas
Disaggregation of Revenue [Line Items]
Revenue	88.8	94.1
Outsourcing & Consulting | Europe
Disaggregation of Revenue [Line Items]
Revenue	7.7	9.6
Outsourcing & Consulting | Asia-Pacific
Disaggregation of Revenue [Line Items]
Revenue	11.5	10.9
International
Disaggregation of Revenue [Line Items]
Revenue	0	195.8
International | Europe
Disaggregation of Revenue [Line Items]
Revenue	$ 0	$ 195.8

Credit Losses - Allowance for C

Credit Losses - Allowance for Credit Losses Related to Trade Accounts Receivable (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Apr. 02, 2023
Allowance for credit losses:
Beginning balance	$ 8	$ 7.7
Current period provision	0.4	0.8
Currency exchange effects	(0.1)	0.1
Disposition of EMEA staffing operations	(2.4)	0
Write-offs	0	(0.8)
Ending balance	$ 5.9	$ 7.8

Credit Losses - Narrative (Deta

Credit Losses - Narrative (Details) $ in Millions	Mar. 31, 2024 USD ($)
Credit Loss [Abstract]
Other receivables	$ 26.9

Disposition - Narrative (Detail

Disposition - Narrative (Details) - USD ($) $ in Millions		3 Months Ended
	Jan. 02, 2024	Mar. 31, 2024	Apr. 02, 2023
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Proceeds from sale of EMEA staffing operations, net of cash disposed		$ 77.1	$ 0
Gain on sale of EMEA staffing operations		11.6	0
Other receivables		26.9
Disposal Group, Not Discontinued Operations | EMEA Staffing Operations
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Proceeds from divestiture of business	$ 110.6
Proceeds from sale of EMEA staffing operations, net of cash disposed	$ 77.1
Gain on sale of EMEA staffing operations		11.6
Other receivables		$ 26.9
Income (Loss) from Continuing Operations before Income Taxes, Foreign			$ 1.3

Disposition - Divested Assets a

Disposition - Divested Assets and Liabilities (Details) - EMEA Staffing Operations - Disposal Group, Not Discontinued Operations $ in Millions	Jan. 02, 2024 USD ($)
Assets divested
Cash and equivalents	$ 33.5
Trade accounts receivable, net	202.8
Prepaid expenses and other current assets	29
Property and equipment, net	4.2
Operating lease right-of-use assets	14.2
Deferred taxes	4.1
Other assets	5.4
Assets divested	293.2
Liabilities divested
Accounts payable and accrued liabilities	(24.5)
Operating lease liabilities, current	5.7
Accrued payroll and related taxes	(91.6)
Income and other taxes	(32.9)
Operating lease liabilities, noncurrent	8.9
Accrued retirement benefits	1.7
Other long-term liabilities	4.6
Liabilities divested	(169.9)
Disposal group, net	$ 123.3

Fair Value Measurements - Sched

Fair Value Measurements - Schedule of Assets Measured at Fair Value on a Recurring Basis (Details) - USD ($) $ in Millions	Mar. 31, 2024	Dec. 31, 2023
Liabilities, Fair Value Disclosure [Abstract]
Foreign currency forward contract, net		$ 3.6
Measured on Recurring Basis
Assets, Fair Value Disclosure [Abstract]
Money market funds	$ 106.5	42.5
Foreign currency forward contract, net	0.1
Total assets at fair value	106.6	42.5
Liabilities, Fair Value Disclosure [Abstract]
Indemnification		(3)
Foreign currency forward contract, net		(3.6)
Total liabilities at fair value	(5)	(6.6)
Measured on Recurring Basis | Brazil
Liabilities, Fair Value Disclosure [Abstract]
Indemnification	(2.9)
Measured on Recurring Basis | EMEA
Liabilities, Fair Value Disclosure [Abstract]
Indemnification	(2.1)
Measured on Recurring Basis | Level 1
Assets, Fair Value Disclosure [Abstract]
Money market funds	106.5	42.5
Foreign currency forward contract, net	0
Total assets at fair value	106.5	42.5
Liabilities, Fair Value Disclosure [Abstract]
Indemnification		0
Foreign currency forward contract, net		0
Total liabilities at fair value	0	0
Measured on Recurring Basis | Level 1 | Brazil
Liabilities, Fair Value Disclosure [Abstract]
Indemnification	0
Measured on Recurring Basis | Level 1 | EMEA
Liabilities, Fair Value Disclosure [Abstract]
Indemnification	0
Measured on Recurring Basis | Level 2
Assets, Fair Value Disclosure [Abstract]
Money market funds	0	0
Foreign currency forward contract, net	0.1
Total assets at fair value	0.1	0
Liabilities, Fair Value Disclosure [Abstract]
Indemnification		0
Foreign currency forward contract, net		(3.6)
Total liabilities at fair value	0	(3.6)
Measured on Recurring Basis | Level 2 | Brazil
Liabilities, Fair Value Disclosure [Abstract]
Indemnification	0
Measured on Recurring Basis | Level 2 | EMEA
Liabilities, Fair Value Disclosure [Abstract]
Indemnification	0
Measured on Recurring Basis | Level 3
Assets, Fair Value Disclosure [Abstract]
Money market funds	0	0
Foreign currency forward contract, net	0
Total assets at fair value	0	0
Liabilities, Fair Value Disclosure [Abstract]
Indemnification		(3)
Foreign currency forward contract, net		0
Total liabilities at fair value	(5)	$ (3)
Measured on Recurring Basis | Level 3 | Brazil
Liabilities, Fair Value Disclosure [Abstract]
Indemnification	(2.9)
Measured on Recurring Basis | Level 3 | EMEA
Liabilities, Fair Value Disclosure [Abstract]
Indemnification	$ (2.1)

Fair Value Measurements - Narra

Fair Value Measurements - Narrative (Details) € in Millions, $ in Millions		2 Months Ended	3 Months Ended		12 Months Ended
	Jan. 05, 2024 USD ($)	Jan. 05, 2024 USD ($)	Mar. 31, 2024 USD ($)	Apr. 02, 2023 USD ($)	Dec. 31, 2023 USD ($)	Feb. 08, 2024 EUR (€)	Nov. 02, 2023 EUR (€)	Feb. 14, 2022 country	Jan. 31, 2022
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Unrealized gain (loss) on derivatives			$ 0.1		$ (3.6)
Foreign currency forward contract, asset, net			0.1
Foreign currency forward contract, liability, net					3.6
Payments for derivative instrument, investing activities	$ 2.4		2.4	$ 0
Gain on forward contract			1.2	0
Derivative Instruments Not Designated as Hedging Instruments, Loss		$ 2.4
Payment for contingent consideration liability, financing activities			0	1.4
Foreign Exchange Forward
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative, notional amount | €						€ 17	€ 90
Brazil
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Indemnification liabilities, expense (income)			(0.1)	0.1
Brazil | Maximum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Indemnification liability			$ 8.8
Greenwood/Asher
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Payment for contingent consideration liability, financing activities				1.4
PersolKelly Pte. Ltd.
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Equity method investment, ownership percentage									49%
Number of geographies in which entity operates | country								10
Equity Ownership, Excluding Consolidated Entity and Equity Method Investee, Percentage			2.50%
Equity securities without readily determinable fair value, with changes in fair value in net income			$ 6.4
Other Assets
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Money market funds			7.6		8
Level 3 | Brazil
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Indemnification liability			2.9		3
Level 3 | EMEA
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Indemnification liability			2.1
Level 3 | Greenwood/Asher
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Payment for contingent consideration liability				$ 3.3
Level 3 | Accounts Payable and Accrued Liabilities | Brazil
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Indemnification liability			0.1		0.1
Level 3 | Other Long Term Liabilities | Brazil
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Indemnification liability			$ 2.8		$ 2.9

Restructuring and Transformat_3

Restructuring and Transformation Activities - Narrative (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Apr. 02, 2023	Dec. 31, 2023
Restructuring and Related Activities [Abstract]
Restructuring charges	$ 2.3	$ 6.6
Severance costs	1.1	4.6
Other restructuring costs	1.2	$ 2
Restructuring accrual	$ 4.7		$ 15.1

Restructuring and Transformat_4

Restructuring and Transformation Activities - Schedule of Restructuring and Related Costs (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Apr. 02, 2023
Restructuring Cost and Reserve [Line Items]
Severance Costs	$ 1.1	$ 4.6
Other Restructuring Costs	1.2	2
Restructuring charges	2.3	6.6
Professional & Industrial
Restructuring Cost and Reserve [Line Items]
Severance Costs	0.1	2.7
Other Restructuring Costs	0	0.3
Restructuring charges	0.1	3
Outsourcing & Consulting
Restructuring Cost and Reserve [Line Items]
Severance Costs	0.6	0.6
Other Restructuring Costs	0	0
Restructuring charges	0.6	0.6
Corporate
Restructuring Cost and Reserve [Line Items]
Severance Costs	0.4	0.2
Other Restructuring Costs	1.2	1.6
Restructuring charges	$ 1.6	$ 1.8

Restructuring and Transformat_5

Restructuring and Transformation Activities - Schedule of Restructuring and Related Costs (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Apr. 02, 2023
Restructuring Cost and Reserve [Line Items]
Severance Costs	$ 1.1	$ 4.6
Other Restructuring Costs	1.2	2
Total	2.3	6.6
Corporate, Non-Segment
Restructuring Cost and Reserve [Line Items]
Severance Costs	0.4	0.2
Other Restructuring Costs	1.2	1.6
Total	1.6	1.8
Professional & Industrial
Restructuring Cost and Reserve [Line Items]
Severance Costs	0.1	2.7
Other Restructuring Costs	0	0.3
Total	0.1	3
Science, Engineering & Technology
Restructuring Cost and Reserve [Line Items]
Severance Costs		0.4
Other Restructuring Costs		0.1
Total		0.5
Education
Restructuring Cost and Reserve [Line Items]
Severance Costs		0.1
Other Restructuring Costs		0
Total		0.1
Outsourcing & Consulting
Restructuring Cost and Reserve [Line Items]
Severance Costs	0.6	0.6
Other Restructuring Costs	0	0
Total	$ 0.6	0.6
International
Restructuring Cost and Reserve [Line Items]
Severance Costs		0.6
Other Restructuring Costs		0
Total		$ 0.6

Restructuring and Transformat_6

Restructuring and Transformation Activities - Restructuring Reserve (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Apr. 02, 2023
Restructuring Reserve [Roll Forward]
Beginning balance	$ 15.1
Restructuring charges	2.3	$ 6.6
Reductions for cash payments	(11)
Disposition of EMEA staffing operations	(1.5)
Accrual adjustments	(0.2)
Ending balance	$ 4.7

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Income (Loss) - Schedule of Accumulated Other Comprehensive Income (Loss) by Component, Net of Tax (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Apr. 02, 2023
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	$ 1,253.7
Other comprehensive income (loss)	(0.7)	$ 2.3
Ending balance	1,276.8	1,247.8
Foreign currency translation adjustments:
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	0.6	(7.4)
Other comprehensive income (loss) before reclassifications	(0.5)	2.3
Amounts reclassified from accumulated other comprehensive income (loss)	(0.6)	0
Other comprehensive income (loss)	(1.1)	2.3
Ending balance	(0.5)	(5.1)
Pension liability adjustments:
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	(0.4)	(1.1)
Other comprehensive income (loss) before reclassifications	0	0
Amounts reclassified from accumulated other comprehensive income (loss)	0.4	0
Other comprehensive income (loss)	0.4	0
Ending balance	0	(1.1)
Accumulated Other Comprehensive Income (Loss)
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	0.2	(8.5)
Other comprehensive income (loss)	(0.7)	2.3
Ending balance	$ (0.5)	$ (6.2)

Earnings Per Share - Reconcilia

Earnings Per Share - Reconciliation of Basic and Diluted Earnings Per Share (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended
	Mar. 31, 2024	Apr. 02, 2023
Earnings Per Share [Abstract]
Net earnings	$ 25.8	$ 10.9
Less: earnings allocated to participating securities, basic	(0.6)	(0.2)
Less: earnings allocated to participating securities, diluted	(0.6)	(0.2)
Net earnings (loss) available to common shareholders, basic	25.2	10.7
Net earnings (loss) available to common shareholders, diluted	$ 25.2	$ 10.7
Average shares outstanding (millions):
Basic (in shares)	35.4	37.1
Dilutive share awards (in shares)	0.4	0.3
Diluted (in shares)	35.8	37.4
Basic earnings (loss) per share on common stock (in dollars per share)	$ 0.71	$ 0.29
Diluted earnings (loss) per share on common stock (in dollars per share)	$ 0.70	$ 0.29

Earnings Per Share - Narrative

Earnings Per Share - Narrative (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended		9 Months Ended
	Mar. 31, 2024	Apr. 02, 2023	Aug. 24, 2023	Nov. 09, 2022
Dividends Payable [Line Items]
Buyback of common shares	$ 0	$ 18.3
Class A Common Stock
Dividends Payable [Line Items]
Dividends per share (in dollars per share)	$ 0.075	$ 0.075
Stock repurchase program, authorized amount				$ 50
Shares repurchased (in shares)		1,099,728	2,971,471
Buyback of common shares		$ 18.3
Shares acquired, average cost per share (in dollars per share)			$ 16.83
Class B Common Stock
Dividends Payable [Line Items]
Dividends per share (in dollars per share)	$ 0.075	$ 0.075

Stock-Based Compensation - Narr

Stock-Based Compensation - Narrative (Details) shares in Thousands, $ in Millions	1 Months Ended	3 Months Ended
	Dec. 31, 2021 shares	Mar. 31, 2024 USD ($) period shares	Apr. 02, 2023 USD ($)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation expense (benefit) | $		$ 2.8	$ 3.1
Related tax benefit (expense) | $		$ 0.7	$ 0.3
Performance Shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Maximum number of shares that can be earned, percentage		200%
Share-based compensation arrangement by share-based payment award, number of performance periods | period		3
Share-based compensation arrangement by share-based payment award, performance period		1 year
Financial Measure Performance Shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted (in shares) | shares		170
Financial Measure Performance Shares | 2021 Grant
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted (in shares) | shares	308

Stock-Based Compensation - Sche

Stock-Based Compensation - Schedule of Nonvested Performance Shares (Details) - Financial Measure Performance Shares shares in Thousands	3 Months Ended
	Mar. 31, 2024 $ / shares shares
Shares
Nonvested, beginning balance (in shares) | shares	674
Granted (in shares) | shares	170
Vested (in shares) | shares	(136)
Forfeited (in shares) | shares	0
Vesting adjustment (in shares) | shares	(28)
Nonvested, ending balance (in shares) | shares	680
Weighted Average Grant Date Fair Value
Nonvested, beginning balance (in dollars per share) | $ / shares	$ 17.49
Granted (in dollars per share) | $ / shares	19.96
Vested (in dollars per share) | $ / shares	18.88
Forfeited (in dollars per share) | $ / shares	0
Vesting adjustment (in dollars per share) | $ / shares	15.76
Nonvested, ending balance (in dollars per share) | $ / shares	$ 18.41

Stock-Based Compensation - Sc_2

Stock-Based Compensation - Schedule of Nonvested Restricted Stock (Details) - Restricted Stock shares in Thousands	3 Months Ended
	Mar. 31, 2024 $ / shares shares
Shares
Nonvested, beginning balance (in shares) | shares	784
Granted (in shares) | shares	356
Vested (in shares) | shares	(197)
Forfeited (in shares) | shares	(32)
Nonvested, ending balance (in shares) | shares	911
Weighted Average Grant Date Fair Value
Nonvested, beginning balance (in dollars per share) | $ / shares	$ 18.52
Granted (in dollars per share) | $ / shares	20.81
Vested (in dollars per share) | $ / shares	18.63
Forfeited (in dollars per share) | $ / shares	18.63
Nonvested, ending balance (in dollars per share) | $ / shares	$ 19.39

Other Income (Expense), Net - S

Other Income (Expense), Net - Schedule of Other Nonoperating Income (Expense) (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Apr. 02, 2023
Other Income and Expenses [Abstract]
Interest income	$ 2.8	$ 1.4
Interest expense	(0.5)	(0.8)
Foreign exchange gains (losses)	0	(0.7)
Other expense	(0.5)
Other income		2.1
Other income (expense), net	$ 1.8	$ 2

Other Income (Expense), Net - N

Other Income (Expense), Net - Narrative (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Apr. 02, 2023
Other Income (Expense) [Line Items]
Proceeds from equity securities	$ 0	$ 2
Business Talent Group, LLC
Other Income (Expense) [Line Items]
Proceeds from equity securities		$ 2

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Apr. 02, 2023
Income Tax Disclosure [Abstract]
Income tax expense	$ 4	$ 1.8

Contingencies - Narrative (Deta

Contingencies - Narrative (Details) - USD ($) $ in Millions	Mar. 31, 2024	Dec. 31, 2023
Loss Contingencies [Line Items]
Accrual for litigation costs	$ 4.4	$ 6.4
Loss contingency, receivable	0.2	0.2
Disposal Group, Held-for-Sale, Not Discontinued Operations | EMEA Staffing Operations
Loss Contingencies [Line Items]
Disposal group, including discontinued operations, loss contingency accrual		$ 1.5
Minimum
Loss Contingencies [Line Items]
Loss contingency, portion not accrued	0.1
Maximum
Loss Contingencies [Line Items]
Loss contingency, portion not accrued	$ 7.8

Segment Disclosures - Narrative

Segment Disclosures - Narrative (Details)	3 Months Ended
	Mar. 31, 2024 segment
Segment Reporting [Abstract]
Number of reportable segments	4

Segment Disclosures - Segment R

Segment Disclosures - Segment Revenue From Service (Details) - Service - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Apr. 02, 2023
Revenue from Services
Segment revenue from services	$ 1,045.1	$ 1,268.3
Less: Intersegment revenue
Revenue from Services
Segment revenue from services	(0.5)	(0.5)
Professional & Industrial | Reporting Segments
Revenue from Services
Segment revenue from services	358.4	402.6
Science, Engineering & Technology | Reporting Segments
Revenue from Services
Segment revenue from services	289.3	306.4
Education | Reporting Segments
Revenue from Services
Segment revenue from services	289.9	249.4
Outsourcing & Consulting | Reporting Segments
Revenue from Services
Segment revenue from services	108	114.6
International | Reporting Segments
Revenue from Services
Segment revenue from services	$ 0	$ 195.8

Segment Disclosures - Business

Segment Disclosures - Business Unit Profit (Loss) (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Apr. 02, 2023
Earnings (loss) from Operations
Gross profit	$ 205.7	$ 254.1
Earnings (loss) from operations	26.8	10.7
Gain on sale of EMEA staffing operations	11.6	0
Depreciation and amortization	(10.2)	(9.5)
Gain on forward contract	1.2	0
Other income (expense), net	1.8	2
Earnings before taxes	29.8	12.7
Corporate
Earnings (loss) from Operations
Earnings (loss) from operations	(15)	(11.7)
Professional & Industrial
Earnings (loss) from Operations
Depreciation and amortization	(2.4)	(1.8)
Professional & Industrial | Reporting Segments
Earnings (loss) from Operations
Gross profit	63.9	72.2
SG&A expenses, excluding depreciation and amortization	(58)	(73.4)
Business unit profit (loss)	5.9	(1.2)
Science, Engineering & Technology
Earnings (loss) from Operations
Depreciation and amortization	(4.1)	(3.8)
Science, Engineering & Technology | Reporting Segments
Earnings (loss) from Operations
Gross profit	64.4	71.3
SG&A expenses, excluding depreciation and amortization	(46.2)	(52.8)
Business unit profit (loss)	18.2	18.5
Education
Earnings (loss) from Operations
Depreciation and amortization	(2)	(1.9)
Education | Reporting Segments
Earnings (loss) from Operations
Gross profit	42.1	39.3
SG&A expenses, excluding depreciation and amortization	(24)	(23.9)
Business unit profit (loss)	18.1	15.4
Outsourcing & Consulting
Earnings (loss) from Operations
Depreciation and amortization	(1.7)	(1.4)
Outsourcing & Consulting | Reporting Segments
Earnings (loss) from Operations
Gross profit	35.3	41.6
SG&A expenses, excluding depreciation and amortization	(37.1)	(41.7)
Business unit profit (loss)	(1.8)	(0.1)
International
Earnings (loss) from Operations
Depreciation and amortization	0	(0.6)
International | Reporting Segments
Earnings (loss) from Operations
Gross profit	0	29.7
SG&A expenses, excluding depreciation and amortization	0	(30.4)
Business unit profit (loss)	$ 0	$ (0.7)

Segment Disclosures - Depreciat

Segment Disclosures - Depreciation and Amortization Expense Included in SG&A Expenses (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Apr. 02, 2023
Earnings (loss) from Operations
Depreciation and amortization:	$ 10.2	$ 9.5
Professional & Industrial
Earnings (loss) from Operations
Depreciation and amortization:	2.4	1.8
Science, Engineering & Technology
Earnings (loss) from Operations
Depreciation and amortization:	4.1	3.8
Education
Earnings (loss) from Operations
Depreciation and amortization:	2	1.9
Outsourcing & Consulting
Earnings (loss) from Operations
Depreciation and amortization:	1.7	1.4
International
Earnings (loss) from Operations
Depreciation and amortization:	$ 0	$ 0.6

Subsequent Events (Details)

Subsequent Events (Details) - Motion Recruitment Partners, LLC - Forecast - USD ($) $ in Millions	3 Months Ended
	Jun. 30, 2024	Jun. 29, 2025
Subsequent Event [Line Items]
Ownership percentage acquired	100%
Purchase price paid at closing	$ 425
Business combination, contingent consideration, liability		$ 60