Document_And_Entity_Informatio
Document And Entity Information | 3 Months Ended | ||
Mar. 30, 2014 | Apr. 25, 2014 | Apr. 25, 2014 | |
Common Class A [Member] | Common Class B [Member] | ||
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 | ' | 33,975,010 | 3,451,161 |
Amendment Flag | 'false | ' | ' |
Entity Central Index Key | '0000055135 | ' | ' |
Entity Current Reporting Status | 'Yes | ' | ' |
Entity Voluntary Filers | 'No | ' | ' |
Entity Filer Category | 'Accelerated Filer | ' | ' |
Entity Well-known Seasoned Issuer | 'No | ' | ' |
Document Period End Date | 30-Mar-14 | ' | ' |
Document Fiscal Year Focus | '2014 | ' | ' |
Document Fiscal Period Focus | 'Q1 | ' | ' |
Consolidated_Statements_of_Ear
Consolidated Statements of Earnings (Unaudited) (USD $) | 3 Months Ended | |
In Millions, except Per Share data, unless otherwise specified | Mar. 30, 2014 | Mar. 31, 2013 |
Revenue from services | $1,330.80 | $1,314.80 |
Cost of services | 1,108.50 | 1,097.90 |
Gross profit | 222.3 | 216.9 |
Selling, general and administrative expenses | 216 | 209.8 |
Earnings from operations | 6.3 | 7.1 |
Other expense, net | 1.7 | 1 |
Earnings before taxes | 4.6 | 6.1 |
Income tax expense (benefit) | 2.1 | -6.8 |
Net earnings | $2.50 | $12.90 |
Basic earnings per share (in Dollars per share) | $0.07 | $0.34 |
Diluted earnings per share (in Dollars per share) | $0.07 | $0.34 |
Dividends per share (in Dollars per share) | $0.05 | $0.05 |
Average shares outstanding (millions): | ' | ' |
Basic (in Shares) | 37.4 | 37.2 |
Diluted (in Shares) | 37.4 | 37.2 |
Consolidated_Statements_of_Com
Consolidated Statements of Comprehensive Income (Unaudited) (USD $) | 3 Months Ended | |
In Millions, unless otherwise specified | Mar. 30, 2014 | Mar. 31, 2013 |
Net earnings | $2.50 | $12.90 |
Other comprehensive income, net of tax: | ' | ' |
Foreign currency translation adjustments, net of tax expense of $0.2 in 2014 and benefit of $0.0 in 2013 | 0.4 | -7 |
Unrealized (losses) gains on investment, net of tax benefit of $0.3 in 2014 and expense of $4.4 in 2013 | -0.1 | 12.3 |
Other comprehensive income | 0.3 | 5.3 |
Comprehensive Income | $2.80 | $18.20 |
Consolidated_Statements_of_Com1
Consolidated Statements of Comprehensive Income (Unaudited) (Parentheticals) (USD $) | 3 Months Ended | |
In Millions, unless otherwise specified | Mar. 30, 2014 | Mar. 31, 2013 |
Foreign currency translation adjustments, tax expense (benefit) | $0.20 | $0 |
Tax expense (benefit) on unrealized gains (losses) | ($0.30) | $4.40 |
Consolidated_Balance_Sheets_Un
Consolidated Balance Sheets (Unaudited) (USD $) | Mar. 30, 2014 | Dec. 29, 2013 |
In Millions, unless otherwise specified | ||
CURRENT ASSETS: | ' | ' |
Cash and equivalents | $57.90 | $125.70 |
Trade accounts receivable, less allowances of $10.2 and $9.9, respectively | 1,080.20 | 1,023.10 |
Prepaid expenses and other current assets | 61.6 | 52.2 |
Deferred taxes | 29.2 | 35.5 |
Total current assets | 1,228.90 | 1,236.50 |
PROPERTY AND EQUIPMENT: | ' | ' |
Property and equipment | 352.4 | 350.5 |
Accumulated depreciation | -261.6 | -258.5 |
Net property and equipment | 90.8 | 92 |
NONCURRENT DEFERRED TAXES | 129.3 | 121.7 |
GOODWILL, NET | 90.3 | 90.3 |
OTHER ASSETS | 265.1 | 258.1 |
TOTAL ASSETS | 1,804.40 | 1,798.60 |
CURRENT LIABILITIES: | ' | ' |
Short-term borrowings | 54.8 | 28.3 |
Accounts payable and accrued liabilities | 321.7 | 342.4 |
Accrued payroll and related taxes | 291.2 | 294.9 |
Accrued insurance | 25.5 | 27.6 |
Income and other taxes | 68.4 | 68.8 |
Total current liabilities | 761.6 | 762 |
NONCURRENT LIABILITIES: | ' | ' |
Accrued insurance | 45.4 | 46 |
Accrued retirement benefits | 140.4 | 134.7 |
Other long-term liabilities | 31.8 | 33.3 |
Total noncurrent liabilities | 217.6 | 214 |
Treasury stock, at cost | ' | ' |
Paid-in capital | 27.5 | 26 |
Earnings invested in the business | 751.9 | 751.3 |
Accumulated other comprehensive income | 61.7 | 61.4 |
Total stockholders' equity | 825.2 | 822.6 |
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY | 1,804.40 | 1,798.60 |
Common Class A [Member] | Stockholders Equity [Member] | ' | ' |
Capital stock, $1.00 par value | ' | ' |
Common stock, value | 36.6 | 36.6 |
Treasury stock, at cost | ' | ' |
Treasury stock, value | -55.4 | -55.6 |
Common Class A [Member] | ' | ' |
Treasury stock, at cost | ' | ' |
Total stockholders' equity | 36.6 | 36.6 |
Common Class B [Member] | Stockholders Equity [Member] | ' | ' |
Capital stock, $1.00 par value | ' | ' |
Common stock, value | 3.5 | 3.5 |
Treasury stock, at cost | ' | ' |
Treasury stock, value | -0.6 | -0.6 |
Common Class B [Member] | ' | ' |
Treasury stock, at cost | ' | ' |
Total stockholders' equity | $3.50 | $3.50 |
Consolidated_Balance_Sheets_Un1
Consolidated Balance Sheets (Unaudited) (Parentheticals) (USD $) | Mar. 30, 2014 | Dec. 29, 2013 |
In Millions, except Per Share data, unless otherwise specified | ||
Allowance for trade accounts receivable (in Dollars) | $10.20 | $9.90 |
Common Class A [Member] | Stockholders Equity [Member] | ' | ' |
Common stock, par value (in Dollars per share) | $1 | $1 |
Common stock, shares issued | 36.6 | 36.6 |
Treasury stock, Class A shares | 2.7 | 2.7 |
Common Class B [Member] | Stockholders Equity [Member] | ' | ' |
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 $) | Additional Paid-in Capital [Member] | Earnings Invested In The Business [Member] | Accumulated Other Comprehensive Income (Loss) [Member] | Common Class A [Member] | Common Class B [Member] | Common Class A Treasury Stock [Member] | Common Class B Treasury Stock [Member] | Total |
In Millions | ||||||||
Balance at Dec. 30, 2012 | $27.10 | $700 | $35.40 | $36.60 | $3.50 | ($61) | ($0.60) | ' |
Other comprehensive income, net of tax | ' | ' | 5.3 | ' | ' | ' | ' | 5.3 |
Net earnings | ' | 12.9 | ' | ' | ' | ' | ' | 12.9 |
Dividends | ' | -1.9 | ' | ' | ' | ' | ' | ' |
Issuance of restricted stock and other | 0.7 | ' | ' | ' | ' | ' | ' | ' |
Issuance of restricted stock and other | ' | ' | ' | ' | ' | 0.5 | ' | ' |
Balance at Mar. 31, 2013 | 27.8 | 711 | 40.7 | 36.6 | 3.5 | -60.5 | -0.6 | 758.5 |
Balance at Dec. 29, 2013 | 26 | 751.3 | 61.4 | 36.6 | 3.5 | -55.6 | -0.6 | 822.6 |
Other comprehensive income, net of tax | ' | ' | 0.3 | ' | ' | ' | ' | 0.3 |
Net earnings | ' | 2.5 | ' | ' | ' | ' | ' | 2.5 |
Dividends | ' | -1.9 | ' | ' | ' | ' | ' | ' |
Issuance of restricted stock and other | 1.5 | ' | ' | ' | ' | ' | ' | ' |
Issuance of restricted stock and other | ' | ' | ' | ' | ' | 0.2 | ' | ' |
Balance at Mar. 30, 2014 | $27.50 | $751.90 | $61.70 | $36.60 | $3.50 | ($55.40) | ($0.60) | $825.20 |
Consolidated_Statements_of_Cas
Consolidated Statements of Cash Flows (Unaudited) (USD $) | 3 Months Ended | |
In Millions, unless otherwise specified | Mar. 30, 2014 | Mar. 31, 2013 |
Cash flows from operating activities: | ' | ' |
Net earnings | $2.50 | $12.90 |
Noncash adjustments: | ' | ' |
Depreciation and amortization | 5.3 | 5.3 |
Provision for bad debts | 1.6 | 0.4 |
Stock-based compensation | 1.7 | 1.2 |
Other, net | 0.3 | 0.2 |
Changes in operating assets and liabilities | -102.2 | -14.1 |
Net cash (used in) from operating activities | -90.8 | 5.9 |
Cash flows from investing activities: | ' | ' |
Capital expenditures | -3.3 | -2.8 |
Investment in equity affiliate | -0.6 | ' |
Other investing activities | 0.1 | 0.2 |
Net cash used in investing activities | -3.8 | -2.6 |
Cash flows from financing activities: | ' | ' |
Net change in short-term borrowings | 26.5 | -13.7 |
Dividend payments | -1.9 | -1.9 |
Net cash from (used in) financing activities | 24.6 | -15.6 |
Effect of exchange rates on cash and equivalents | 2.2 | -1.9 |
Net change in cash and equivalents | -67.8 | -14.2 |
Cash and equivalents at beginning of period | 125.7 | 76.3 |
Cash and equivalents at end of period | $57.90 | $62.10 |
Note_1_Basis_of_Presentation
Note 1 - Basis of Presentation | 3 Months Ended |
Mar. 30, 2014 | |
Accounting Policies [Abstract] | ' |
Organization, Consolidation and Presentation of Financial Statements Disclosure and Significant Accounting Policies [Text Block] | ' |
1. 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 first fiscal quarter ended on March 30, 2014 (2014) and March 31, 2013 (2013), each of which contained 13 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 this error, changes in operating assets and liabilities and net cash from operating activities are both overstated by $2.2 million in the consolidated statements of cash flows for the first quarter of 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 revised to conform to the current presentation. |
Note_2_Fair_Value_Measurements
Note 2 - Fair Value Measurements | 3 Months Ended | ||||||||||||||||
Mar. 30, 2014 | |||||||||||||||||
Fair Value Disclosures [Abstract] | ' | ||||||||||||||||
Fair Value Disclosures [Text Block] | ' | ||||||||||||||||
2. 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 first 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 First Quarter-End 2014 | |||||||||||||||||
Description | Total | Level 1 | Level 2 | Level 3 | |||||||||||||
(In millions of dollars) | |||||||||||||||||
Money market funds | $ | 2.9 | $ | 2.9 | $ | - | $ | - | |||||||||
Available-for-sale investment | 80.6 | 80.6 | - | - | |||||||||||||
Total assets at fair value | $ | 83.5 | $ | 83.5 | $ | - | $ | - | |||||||||
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 first 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 $0.1 million for the 13 weeks ended 2014 and the unrealized gain, net of tax, of $12.3 million for the 13 weeks ended 2013 was recorded in other comprehensive income, as well as in accumulated other comprehensive income, a component of stockholders’ equity. The cost of this yen-denominated investment, which fluctuates based on foreign exchange rates, was $20.1 million as of the first quarter-end 2014 and $19.7 million at year-end 2013. |
Note_3_Goodwill
Note 3 - Goodwill | 3 Months Ended | ||||||||||||||||||||||||
Mar. 30, 2014 | |||||||||||||||||||||||||
Disclosure Text Block Supplement [Abstract] | ' | ||||||||||||||||||||||||
Goodwill Disclosure [Text Block] | ' | ||||||||||||||||||||||||
3. Goodwill | |||||||||||||||||||||||||
The changes in the net carrying amount of goodwill for the 13 weeks ended 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 13 weeks ended 2014. | |||||||||||||||||||||||||
As of Year-End 2013 | As of First 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 | |||||||||||
Note_4_Accumulated_Other_Compr
Note 4 - Accumulated Other Comprehensive Income | 3 Months Ended | ||||||||||||||||
Mar. 30, 2014 | |||||||||||||||||
Disclosure Text Block [Abstract] | ' | ||||||||||||||||
Comprehensive Income (Loss) Note [Text Block] | ' | ||||||||||||||||
4. Accumulated Other Comprehensive Income | |||||||||||||||||
The changes in accumulated other comprehensive income by component, net of tax, during the 13 weeks ended 2014 and 2013 are included in the table below. Amounts in parentheses indicate debits. Reclassification adjustments out of accumulated other comprehensive income during the 13 weeks ended 2014 and 2013 were not significant. | |||||||||||||||||
13 Weeks Ended 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) | 0.4 | (0.1 | ) | - | 0.3 | ||||||||||||
Ending balance | $ | 18.5 | $ | 44.7 | $ | (1.5 | ) | $ | 61.7 | ||||||||
13 Weeks Ended 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) | (7.0 | ) | 12.3 | - | 5.3 | ||||||||||||
Ending balance | $ | 17.9 | $ | 25.9 | $ | (3.1 | ) | $ | 40.7 | ||||||||
Note_5_Earnings_Per_Share
Note 5 - Earnings Per Share | 3 Months Ended | ||||||||
Mar. 30, 2014 | |||||||||
Earnings Per Share [Abstract] | ' | ||||||||
Earnings Per Share [Text Block] | ' | ||||||||
5. Earnings Per Share | |||||||||
The reconciliation of basic and diluted earnings per share on common stock for the 13 weeks ended 2014 and 2013 follows (in millions of dollars except per share data): | |||||||||
13 Weeks Ended | |||||||||
2014 | 2013 | ||||||||
Net Earnings | $ | 2.5 | $ | 12.9 | |||||
Less: Earnings allocated to participating securities | (0.1 | ) | (0.3 | ) | |||||
Net Earnings available to common shareholders | $ | 2.4 | $ | 12.6 | |||||
Basic earnings per share on common stock | $ | 0.07 | $ | 0.34 | |||||
Diluted earnings per share on common stock | $ | 0.07 | $ | 0.34 | |||||
Average common shares outstanding (millions) | |||||||||
Basic | 37.4 | 37.2 | |||||||
Diluted | 37.4 | 37.2 | |||||||
Stock options representing 0.2 million and 0.4 million shares, respectively, for the 13 weeks ended 2014 and 2013, were excluded from the computation of diluted earnings per share due to their anti-dilutive effect. |
Note_6_Other_Expense_Net
Note 6 - Other Expense, Net | 3 Months Ended | ||||||||
Mar. 30, 2014 | |||||||||
Other Income and Expenses [Abstract] | ' | ||||||||
Other Income and Other Expense Disclosure [Text Block] | ' | ||||||||
6. Other Expense, Net | |||||||||
Included in other expense, net for the 13 weeks ended 2014 and 2013 are the following: | |||||||||
13 Weeks Ended | |||||||||
2014 | 2013 | ||||||||
(In millions of dollars) | |||||||||
Interest income | $ | 0.1 | $ | 0.1 | |||||
Interest expense | (0.6 | ) | (0.7 | ) | |||||
Foreign exchange losses | (0.8 | ) | (0.1 | ) | |||||
Net loss on equity investment | (0.4 | ) | (0.3 | ) | |||||
Other expense, net | $ | (1.7 | ) | $ | (1.0 | ) | |||
Note_7_Contingencies
Note 7 - Contingencies | 3 Months Ended |
Mar. 30, 2014 | |
Disclosure Text Block Supplement [Abstract] | ' |
Legal Matters and Contingencies [Text Block] | ' |
7. 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 the primary insurer agreed to pay $1.0 million to the plaintiffs to satisfy the judgment against the primary insurer and Kelly. In April 2014, Kelly paid $0.25 million of this amount and our primary insurer paid $0.75 million. Kelly’s umbrella/excess insurer, which has elected to continue to appeal the decision, is responsible for the remaining verdict amount, if any, that may be owed at the conclusion of the appellate process plus related costs and interest. Kelly will remain a nominal defendant on appeal in order to preserve its rights to insurance coverage. Plaintiffs have agreed that they 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. | |
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. |
Note_8_Segment_Disclosures
Note 8 - Segment Disclosures | 3 Months Ended | ||||||||
Mar. 30, 2014 | |||||||||
Segment Reporting [Abstract] | ' | ||||||||
Segment Reporting Disclosure [Text Block] | ' | ||||||||
8. 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 13 weeks ended 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 revised to conform to the current presentation. | |||||||||
13 Weeks Ended | |||||||||
2014 | 2013 | ||||||||
(In millions of dollars) | |||||||||
Revenue from Services: | |||||||||
Americas Commercial | $ | 613.2 | $ | 638.3 | |||||
Americas PT | 236.4 | 242.6 | |||||||
Total Americas Commercial and PT | 849.6 | 880.9 | |||||||
EMEA Commercial | 221.9 | 201 | |||||||
EMEA PT | 47.7 | 43.5 | |||||||
Total EMEA Commercial and PT | 269.6 | 244.5 | |||||||
APAC Commercial | 83 | 81.5 | |||||||
APAC PT | 8.6 | 10.2 | |||||||
Total APAC Commercial and PT | 91.6 | 91.7 | |||||||
OCG | 134.4 | 107.4 | |||||||
Less: Intersegment revenue | (14.4 | ) | (9.7 | ) | |||||
Consolidated Total | $ | 1,330.80 | $ | 1,314.80 | |||||
13 Weeks Ended | |||||||||
2014 | 2013 | ||||||||
(In millions of dollars) | |||||||||
Earnings from Operations: | |||||||||
Americas Commercial gross profit | $ | 91.8 | $ | 93.5 | |||||
Americas PT gross profit | 39.8 | 38.3 | |||||||
Americas Region gross profit | 131.6 | 131.8 | |||||||
Americas Region SG&A expenses | (109.5 | ) | (107.9 | ) | |||||
Americas Region Earnings from Operations | 22.1 | 23.9 | |||||||
EMEA Commercial gross profit | 32.9 | 31.1 | |||||||
EMEA PT gross profit | 11.1 | 10.7 | |||||||
EMEA Region gross profit | 44 | 41.8 | |||||||
EMEA Region SG&A expenses | (41.9 | ) | (42.0 | ) | |||||
EMEA Region Earnings (Loss) from Operations | 2.1 | (0.2 | ) | ||||||
APAC Commercial gross profit | 12.3 | 11.6 | |||||||
APAC PT gross profit | 2.8 | 3.3 | |||||||
APAC Region gross profit | 15.1 | 14.9 | |||||||
APAC Region SG&A expenses | (14.3 | ) | (15.8 | ) | |||||
APAC Region Earnings (Loss) from Operations | 0.8 | (0.9 | ) | ||||||
OCG gross profit | 32.6 | 29.2 | |||||||
OCG SG&A expenses | (31.4 | ) | (26.7 | ) | |||||
OCG Earnings from Operations | 1.2 | 2.5 | |||||||
Less: Intersegment gross profit | (1.0 | ) | (0.8 | ) | |||||
Less: Intersegment SG&A expenses | 1 | 0.8 | |||||||
Net Intersegment Activity | 0 | 0 | |||||||
Corporate | (19.9 | ) | (18.2 | ) | |||||
Consolidated Total | 6.3 | 7.1 | |||||||
Other Expense, Net | 1.7 | 1 | |||||||
Earnings Before Taxes | $ | 4.6 | $ | 6.1 | |||||
Note_9_New_Accounting_Pronounc
Note 9 - New Accounting Pronouncement | 3 Months Ended |
Mar. 30, 2014 | |
Disclosure Text Block [Abstract] | ' |
Description of New Accounting Pronouncements Not yet Adopted [Text Block] | ' |
9. New Accounting Pronouncement | |
In April 2014, the Financial Accounting Standards Board 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. |
Note_2_Fair_Value_Measurements1
Note 2 - Fair Value Measurements (Tables) | 3 Months Ended | ||||||||||||||||
Mar. 30, 2014 | |||||||||||||||||
Fair Value Disclosures [Abstract] | ' | ||||||||||||||||
Fair Value, Assets Measured on Recurring Basis [Table Text Block] | ' | ||||||||||||||||
Fair Value Measurements on a Recurring Basis | |||||||||||||||||
As of First Quarter-End 2014 | |||||||||||||||||
Description | Total | Level 1 | Level 2 | Level 3 | |||||||||||||
(In millions of dollars) | |||||||||||||||||
Money market funds | $ | 2.9 | $ | 2.9 | $ | - | $ | - | |||||||||
Available-for-sale investment | 80.6 | 80.6 | - | - | |||||||||||||
Total assets at fair value | $ | 83.5 | $ | 83.5 | $ | - | $ | - | |||||||||
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 | $ | - | $ | - |
Note_3_Goodwill_Tables
Note 3 - Goodwill (Tables) | 3 Months Ended | ||||||||||||||||||||||||
Mar. 30, 2014 | |||||||||||||||||||||||||
Disclosure Text Block Supplement [Abstract] | ' | ||||||||||||||||||||||||
Schedule of Goodwill [Table Text Block] | ' | ||||||||||||||||||||||||
As of Year-End 2013 | As of First 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 |
Note_4_Accumulated_Other_Compr1
Note 4 - Accumulated Other Comprehensive Income (Tables) | 3 Months Ended | ||||||||||||||||
Mar. 30, 2014 | |||||||||||||||||
Disclosure Text Block [Abstract] | ' | ||||||||||||||||
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block] | ' | ||||||||||||||||
13 Weeks Ended 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) | 0.4 | (0.1 | ) | - | 0.3 | ||||||||||||
Ending balance | $ | 18.5 | $ | 44.7 | $ | (1.5 | ) | $ | 61.7 | ||||||||
13 Weeks Ended 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) | (7.0 | ) | 12.3 | - | 5.3 | ||||||||||||
Ending balance | $ | 17.9 | $ | 25.9 | $ | (3.1 | ) | $ | 40.7 |
Note_5_Earnings_Per_Share_Tabl
Note 5 - Earnings Per Share (Tables) | 3 Months Ended | ||||||||
Mar. 30, 2014 | |||||||||
Earnings Per Share [Abstract] | ' | ||||||||
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block] | ' | ||||||||
13 Weeks Ended | |||||||||
2014 | 2013 | ||||||||
Net Earnings | $ | 2.5 | $ | 12.9 | |||||
Less: Earnings allocated to participating securities | (0.1 | ) | (0.3 | ) | |||||
Net Earnings available to common shareholders | $ | 2.4 | $ | 12.6 | |||||
Basic earnings per share on common stock | $ | 0.07 | $ | 0.34 | |||||
Diluted earnings per share on common stock | $ | 0.07 | $ | 0.34 | |||||
Average common shares outstanding (millions) | |||||||||
Basic | 37.4 | 37.2 | |||||||
Diluted | 37.4 | 37.2 |
Note_6_Other_Expense_Net_Table
Note 6 - Other Expense, Net (Tables) | 3 Months Ended | ||||||||
Mar. 30, 2014 | |||||||||
Other Income and Expenses [Abstract] | ' | ||||||||
Schedule of Other Nonoperating Income (Expense) [Table Text Block] | ' | ||||||||
13 Weeks Ended | |||||||||
2014 | 2013 | ||||||||
(In millions of dollars) | |||||||||
Interest income | $ | 0.1 | $ | 0.1 | |||||
Interest expense | (0.6 | ) | (0.7 | ) | |||||
Foreign exchange losses | (0.8 | ) | (0.1 | ) | |||||
Net loss on equity investment | (0.4 | ) | (0.3 | ) | |||||
Other expense, net | $ | (1.7 | ) | $ | (1.0 | ) |
Note_8_Segment_Disclosures_Tab
Note 8 - Segment Disclosures (Tables) | 3 Months Ended | ||||||||
Mar. 30, 2014 | |||||||||
Note 8 - Segment Disclosures (Tables) [Line Items] | ' | ||||||||
Reconciliation of Operating Profit (Loss) from Segments to Consolidated [Table Text Block] | ' | ||||||||
13 Weeks Ended | |||||||||
2014 | 2013 | ||||||||
(In millions of dollars) | |||||||||
Earnings from Operations: | |||||||||
Americas Commercial gross profit | $ | 91.8 | $ | 93.5 | |||||
Americas PT gross profit | 39.8 | 38.3 | |||||||
Americas Region gross profit | 131.6 | 131.8 | |||||||
Americas Region SG&A expenses | (109.5 | ) | (107.9 | ) | |||||
Americas Region Earnings from Operations | 22.1 | 23.9 | |||||||
EMEA Commercial gross profit | 32.9 | 31.1 | |||||||
EMEA PT gross profit | 11.1 | 10.7 | |||||||
EMEA Region gross profit | 44 | 41.8 | |||||||
EMEA Region SG&A expenses | (41.9 | ) | (42.0 | ) | |||||
EMEA Region Earnings (Loss) from Operations | 2.1 | (0.2 | ) | ||||||
APAC Commercial gross profit | 12.3 | 11.6 | |||||||
APAC PT gross profit | 2.8 | 3.3 | |||||||
APAC Region gross profit | 15.1 | 14.9 | |||||||
APAC Region SG&A expenses | (14.3 | ) | (15.8 | ) | |||||
APAC Region Earnings (Loss) from Operations | 0.8 | (0.9 | ) | ||||||
OCG gross profit | 32.6 | 29.2 | |||||||
OCG SG&A expenses | (31.4 | ) | (26.7 | ) | |||||
OCG Earnings from Operations | 1.2 | 2.5 | |||||||
Less: Intersegment gross profit | (1.0 | ) | (0.8 | ) | |||||
Less: Intersegment SG&A expenses | 1 | 0.8 | |||||||
Net Intersegment Activity | 0 | 0 | |||||||
Corporate | (19.9 | ) | (18.2 | ) | |||||
Consolidated Total | 6.3 | 7.1 | |||||||
Other Expense, Net | 1.7 | 1 | |||||||
Earnings Before Taxes | $ | 4.6 | $ | 6.1 | |||||
Services [Member] | ' | ||||||||
Note 8 - Segment Disclosures (Tables) [Line Items] | ' | ||||||||
Reconciliation of Revenue from Segments to Consolidated [Table Text Block] | ' | ||||||||
13 Weeks Ended | |||||||||
2014 | 2013 | ||||||||
(In millions of dollars) | |||||||||
Revenue from Services: | |||||||||
Americas Commercial | $ | 613.2 | $ | 638.3 | |||||
Americas PT | 236.4 | 242.6 | |||||||
Total Americas Commercial and PT | 849.6 | 880.9 | |||||||
EMEA Commercial | 221.9 | 201 | |||||||
EMEA PT | 47.7 | 43.5 | |||||||
Total EMEA Commercial and PT | 269.6 | 244.5 | |||||||
APAC Commercial | 83 | 81.5 | |||||||
APAC PT | 8.6 | 10.2 | |||||||
Total APAC Commercial and PT | 91.6 | 91.7 | |||||||
OCG | 134.4 | 107.4 | |||||||
Less: Intersegment revenue | (14.4 | ) | (9.7 | ) | |||||
Consolidated Total | $ | 1,330.80 | $ | 1,314.80 |
Note_1_Basis_of_Presentation_D
Note 1 - Basis of Presentation (Details) (USD $) | 3 Months Ended | |||
In Millions, unless otherwise specified | Sep. 29, 2013 | Sep. 29, 2013 | Mar. 31, 2013 | Mar. 31, 2013 |
Cash and Cash Equivalents Understatement [Member] | Accrued Payroll and Related Taxes Understatement [Member] | Changes in Operating Assets and Liabilities Overstatement [Member] | Net Cash From Operating Activities Overstatement [Member] | |
Note 1 - Basis of Presentation (Details) [Line Items] | ' | ' | ' | ' |
Quantifying Misstatement in Current Year Financial Statements, Amount | $4.80 | $4.80 | $2.20 | $2.20 |
Note_2_Fair_Value_Measurements2
Note 2 - Fair Value Measurements (Details) (USD $) | 3 Months Ended | ||
In Millions, unless otherwise specified | Mar. 30, 2014 | Mar. 31, 2013 | Dec. 29, 2013 |
Note 2 - Fair Value Measurements (Details) [Line Items] | ' | ' | ' |
Other Comprehensive Income (Loss), Available-for-sale Securities Adjustment, Net of Tax | ($0.10) | $12.30 | ' |
Available-for-sale Equity Securities, Amortized Cost Basis | 20.1 | ' | 19.7 |
Temp Holdings Investment [Member] | ' | ' | ' |
Note 2 - Fair Value Measurements (Details) [Line Items] | ' | ' | ' |
Other Comprehensive Income (Loss), Available-for-sale Securities Adjustment, Net of Tax | ($0.10) | $12.30 | ' |
Note_2_Fair_Value_Measurements3
Note 2 - Fair Value Measurements (Details) - Fair Value Measurements on a Recurring Basis (USD $) | Mar. 30, 2014 | Dec. 29, 2013 |
In Millions, unless otherwise specified | ||
Note 2 - Fair Value Measurements (Details) - Fair Value Measurements on a Recurring Basis [Line Items] | ' | ' |
Money market funds | $2.90 | $2.90 |
Available-for-sale investment | 80.6 | 80.7 |
Total assets at fair value | 83.5 | 83.6 |
Fair Value, Inputs, Level 1 [Member] | ' | ' |
Note 2 - Fair Value Measurements (Details) - Fair Value Measurements on a Recurring Basis [Line Items] | ' | ' |
Money market funds | 2.9 | 2.9 |
Available-for-sale investment | 80.6 | 80.7 |
Total assets at fair value | $83.50 | $83.60 |
Note_3_Goodwill_Details_Change
Note 3 - Goodwill (Details) - Changes in the Net Carrying Amount of Goodwill (USD $) | 3 Months Ended | |
In Millions, unless otherwise specified | Mar. 30, 2014 | Dec. 29, 2013 |
Goodwill [Line Items] | ' | ' |
Goodwill, Gross | $191.20 | $191.20 |
Accumulated Losses | -100.9 | -100.9 |
Goodwill, Net | 90.3 | 90.3 |
Americas Commercial [Member] | ' | ' |
Goodwill [Line Items] | ' | ' |
Goodwill, Gross | 40 | 40 |
Accumulated Losses | -16.4 | -16.4 |
Goodwill, Net | 23.6 | ' |
Americas PT [Member] | ' | ' |
Goodwill [Line Items] | ' | ' |
Goodwill, Gross | 37.9 | 39.2 |
Adjustments to Goodwill | -1.3 | ' |
Goodwill, Net | 37.9 | ' |
Total Americas [Member] | ' | ' |
Goodwill [Line Items] | ' | ' |
Goodwill, Gross | 77.9 | 79.2 |
Accumulated Losses | -16.4 | -16.4 |
Adjustments to Goodwill | -1.3 | ' |
Goodwill, Net | 61.5 | ' |
EMEA Commercial [Member] | ' | ' |
Goodwill [Line Items] | ' | ' |
Goodwill, Gross | 50.4 | 50.4 |
Accumulated Losses | -50.4 | -50.4 |
EMEA PT [Member] | ' | ' |
Goodwill [Line Items] | ' | ' |
Goodwill, Gross | 22 | 22 |
Accumulated Losses | -22 | -22 |
Total EMEA [Member] | ' | ' |
Goodwill [Line Items] | ' | ' |
Goodwill, Gross | 72.4 | 72.4 |
Accumulated Losses | -72.4 | -72.4 |
APAC Commercial [Member] | ' | ' |
Goodwill [Line Items] | ' | ' |
Goodwill, Gross | 12.1 | 12.1 |
Accumulated Losses | -12.1 | -12.1 |
APAC PT [Member] | ' | ' |
Goodwill [Line Items] | ' | ' |
Goodwill, Gross | 1.4 | 1.4 |
Goodwill, Net | 1.4 | ' |
APAC [Member] | ' | ' |
Goodwill [Line Items] | ' | ' |
Goodwill, Gross | 13.5 | 13.5 |
Accumulated Losses | -12.1 | -12.1 |
Goodwill, Net | 1.4 | ' |
OCG [Member] | ' | ' |
Goodwill [Line Items] | ' | ' |
Goodwill, Gross | 27.4 | 26.1 |
Adjustments to Goodwill | 1.3 | ' |
Goodwill, Net | $27.40 | ' |
Note_4_Accumulated_Other_Compr2
Note 4 - Accumulated Other Comprehensive Income (Details) - Changes in Accumulated Other Comprehensive Income by Component, Net of Tax (USD $) | 3 Months Ended | |
In Millions, unless otherwise specified | Mar. 30, 2014 | Mar. 31, 2013 |
Changes in Accumulated Other Comprehensive Income by Component, Net of Tax [Abstract] | ' | ' |
Beginning balance, foreign currency translation adjustments | $18.10 | $24.90 |
Beginning balance, unrealized gains and losses on investment | 44.8 | 13.6 |
Beginning balance, pension liability adjustments | -1.5 | -3.1 |
Beginning balance | 61.4 | 35.4 |
Other comprehensive income (loss), foreign currency translation adjustments | 0.4 | -7 |
Other comprehensive income (loss), unrealized gains and losses on investment | -0.1 | 12.3 |
Other comprehensive income (loss), pension liability adjustments | 0 | 0 |
Other comprehensive income (loss) | 0.3 | 5.3 |
Ending balance, foreign currency translation adjustments | 18.5 | 17.9 |
Ending balance, unrealized gains and losses on investment | 44.7 | 25.9 |
Ending balance, pension liability adjustments | -1.5 | -3.1 |
Ending balance | $61.70 | $40.70 |
Note_5_Earnings_Per_Share_Deta
Note 5 - Earnings Per Share (Details) (Equity Option [Member]) | 3 Months Ended | |
In Millions, unless otherwise specified | Mar. 30, 2014 | Mar. 31, 2013 |
Equity Option [Member] | ' | ' |
Note 5 - Earnings Per Share (Details) [Line Items] | ' | ' |
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount | 0.2 | 0.4 |
Note_5_Earnings_Per_Share_Deta1
Note 5 - Earnings Per Share (Details) - Common Stock Reconciliation of Basic and Diluted Earnings Per Share (USD $) | 3 Months Ended | |
In Millions, except Per Share data, unless otherwise specified | Mar. 30, 2014 | Mar. 31, 2013 |
Common Stock Reconciliation of Basic and Diluted Earnings Per Share [Abstract] | ' | ' |
Net Earnings | $2.50 | $12.90 |
Less: Earnings allocated to participating securities | -0.1 | -0.3 |
Net Earnings available to common shareholders | $2.40 | $12.60 |
Basic earnings per share on common stock (in Dollars per share) | $0.07 | $0.34 |
Diluted earnings per share on common stock (in Dollars per share) | $0.07 | $0.34 |
Average common shares outstanding (millions) | ' | ' |
Basic (in Shares) | 37.4 | 37.2 |
Diluted (in Shares) | 37.4 | 37.2 |
Note_6_Other_Expense_Net_Detai
Note 6 - Other Expense, Net (Details) - Other Expense (USD $) | 3 Months Ended | |
In Millions, unless otherwise specified | Mar. 30, 2014 | Mar. 31, 2013 |
Other Expense [Abstract] | ' | ' |
Interest income | $0.10 | $0.10 |
Interest expense | -0.6 | -0.7 |
Foreign exchange losses | -0.8 | -0.1 |
Net loss on equity investment | -0.4 | -0.3 |
Other expense, net | ($1.70) | ($1) |
Note_7_Contingencies_Details
Note 7 - Contingencies (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 [Member] | Parent Company [Member] | ' | ' |
Note 7 - Contingencies (Details) [Line Items] | ' | ' |
Litigation Settlement, Amount | ($0.25) | ' |
Judgement Against Jefferson Parish School Board and Kelly Services [Member] | Primary Insurer [Member] | ' | ' |
Note 7 - Contingencies (Details) [Line Items] | ' | ' |
Litigation Settlement, Amount | -0.75 | ' |
Judgement Against Jefferson Parish School Board and Kelly Services [Member] | ' | ' |
Note 7 - Contingencies (Details) [Line Items] | ' | ' |
Loss Contingency, Damages Awarded, Value | ' | 4.4 |
Litigation Settlement, Amount | -1 | ' |
Kelly Services Share [Member] | ' | ' |
Note 7 - Contingencies (Details) [Line Items] | ' | ' |
Loss Contingency, Damages Awarded, Value | ' | $2.70 |
Note_8_Segment_Disclosures_Det
Note 8 - Segment Disclosures (Details) | 3 Months Ended |
Mar. 30, 2014 | |
Segment Reporting [Abstract] | ' |
Number of Reportable Segments | 7 |
Note_8_Segment_Disclosures_Det1
Note 8 - Segment Disclosures (Details) - Segment Revenue Per Service (USD $) | 3 Months Ended | |
In Millions, unless otherwise specified | Mar. 30, 2014 | Mar. 31, 2013 |
Segment Reporting, Revenue Reconciling Item [Line Items] | ' | ' |
Segment Revenue from Services | $1,330.80 | $1,314.80 |
Americas Commercial [Member] | ' | ' |
Segment Reporting, Revenue Reconciling Item [Line Items] | ' | ' |
Segment Revenue from Services | 613.2 | 638.3 |
Americas PT [Member] | ' | ' |
Segment Reporting, Revenue Reconciling Item [Line Items] | ' | ' |
Segment Revenue from Services | 236.4 | 242.6 |
Americas [Member] | ' | ' |
Segment Reporting, Revenue Reconciling Item [Line Items] | ' | ' |
Segment Revenue from Services | 849.6 | 880.9 |
EMEA Commercial [Member] | ' | ' |
Segment Reporting, Revenue Reconciling Item [Line Items] | ' | ' |
Segment Revenue from Services | 221.9 | 201 |
EMEA PT [Member] | ' | ' |
Segment Reporting, Revenue Reconciling Item [Line Items] | ' | ' |
Segment Revenue from Services | 47.7 | 43.5 |
EMEA [Member] | ' | ' |
Segment Reporting, Revenue Reconciling Item [Line Items] | ' | ' |
Segment Revenue from Services | 269.6 | 244.5 |
APAC Commercial [Member] | ' | ' |
Segment Reporting, Revenue Reconciling Item [Line Items] | ' | ' |
Segment Revenue from Services | 83 | 81.5 |
APAC PT [Member] | ' | ' |
Segment Reporting, Revenue Reconciling Item [Line Items] | ' | ' |
Segment Revenue from Services | 8.6 | 10.2 |
APAC [Member] | ' | ' |
Segment Reporting, Revenue Reconciling Item [Line Items] | ' | ' |
Segment Revenue from Services | 91.6 | 91.7 |
OCG [Member] | ' | ' |
Segment Reporting, Revenue Reconciling Item [Line Items] | ' | ' |
Segment Revenue from Services | 134.4 | 107.4 |
Intersegment Eliminations [Member] | ' | ' |
Segment Reporting, Revenue Reconciling Item [Line Items] | ' | ' |
Segment Revenue from Services | ($14.40) | ($9.70) |
Note_8_Segment_Disclosures_Det2
Note 8 - Segment Disclosures (Details) - Segment Earnings from Operations (USD $) | 3 Months Ended | |
In Millions, unless otherwise specified | Mar. 30, 2014 | Mar. 31, 2013 |
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items] | ' | ' |
Gross Profit | $222.30 | $216.90 |
SG&A Expenses | -216 | -209.8 |
Earnings from Operations | 6.3 | 7.1 |
Other Expense, Net | 1.7 | 1 |
Earnings Before Taxes | 4.6 | 6.1 |
Americas Commercial [Member] | ' | ' |
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items] | ' | ' |
Gross Profit | 91.8 | 93.5 |
Americas PT [Member] | ' | ' |
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items] | ' | ' |
Gross Profit | 39.8 | 38.3 |
Americas [Member] | ' | ' |
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items] | ' | ' |
Gross Profit | 131.6 | 131.8 |
SG&A Expenses | -109.5 | -107.9 |
Earnings from Operations | 22.1 | 23.9 |
EMEA Commercial [Member] | ' | ' |
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items] | ' | ' |
Gross Profit | 32.9 | 31.1 |
EMEA PT [Member] | ' | ' |
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items] | ' | ' |
Gross Profit | 11.1 | 10.7 |
EMEA [Member] | ' | ' |
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items] | ' | ' |
Gross Profit | 44 | 41.8 |
SG&A Expenses | -41.9 | -42 |
Earnings from Operations | 2.1 | -0.2 |
APAC Commercial [Member] | ' | ' |
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items] | ' | ' |
Gross Profit | 12.3 | 11.6 |
APAC PT [Member] | ' | ' |
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items] | ' | ' |
Gross Profit | 2.8 | 3.3 |
APAC [Member] | ' | ' |
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items] | ' | ' |
Gross Profit | 15.1 | 14.9 |
SG&A Expenses | -14.3 | -15.8 |
Earnings from Operations | 0.8 | -0.9 |
OCG [Member] | ' | ' |
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items] | ' | ' |
Gross Profit | 32.6 | 29.2 |
SG&A Expenses | -31.4 | -26.7 |
Earnings from Operations | 1.2 | 2.5 |
Intersegment Eliminations [Member] | ' | ' |
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items] | ' | ' |
Gross Profit | -1 | -0.8 |
SG&A Expenses | 1 | 0.8 |
Earnings from Operations | 0 | 0 |
Corporate, Non-Segment [Member] | ' | ' |
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items] | ' | ' |
Earnings from Operations | ($19.90) | ($18.20) |