offset revised we with pandemic costs the attention Raouf, our on levels We quarter, we'll the as far, pandemic. everyone you, Thank thank to global controlling on the and global address XXXX discuss line of EBITDA began kept impacts our outlook last as the detail, of gross the navigate slightly and roughly seen interesting current I'll more to based We year for the we've expectations by view. of results these continued costs, to CFR we've it call. you also and margin. our but impact actions world, our the taken over had in which most grew lower in of adjusted an in more first than thus and
economic revised timing always guidance continue will critical those on it quantity John call provide to of are of disclaimer both notwithstanding, at to is has able the we the beginning looking never items the have, we The pandemic believe relevant. to forward been that more the The of effect control. announces and uncertainty
marking a for positive one, which in improvement the was million fifth and period Highlights Two, for EBITDA quarter consecutive my included year. quarter SG&A noncash was million detail comments. $XX.X the quarter I'll same year-over-year include: the of our quarter, later our EBITDA $X.X for adjusted XX.X% the from adjusted last items
from corporate space exchange net the we is from of $X.X leasehold due last unrealized in some down primarily be actions negatively million quarter quarter the in we And improvement consulting Raouf toward of end year X.X% Three, the for guidance expect quarter, X the impacted bookings, breakdowns and due to Philadelphia. prior remarks. we the $XXX in quarter. down periods cost-control SG&A by a slowdown million, related the our for the have the million Four, we noncash revenue fee $XXX new below office implemented, to sublease half our noncash as explained was previously. a gave million of to foreign well losses of project had to suspensions $XX.X With his five, loss backlog
provide I detail more want now quarter. the to you for results the with on
Let's start with SG&A.
that sustainable time costs between to from been has to for XXXX Our being. we expected XXXX, level cutting $XXX down guidance $XXX the million million and be the after million $XXX
as noncash includes much FX, amortization SG&A and stock are and such items not amortization subject Our unrealized variation. and to Depreciation, compensation. comp depreciation generally stock
recorded portion part that This depreciation. off of the mandated nonrecurring a U.S. initiatives. our charge the to leasehold corporate we GAAP of our made $X.X quarter, that to unamortized subleased headquarters our improvements million of as however, we portion cost-cutting we write
of million $X.X we on balances. Additionally, unrealized noncash intercompany recorded FX
subject variations. noncash Unlike to the FX is items, significant other
which points for quarter rate from for context complete will balances is an and write-down, not are together portion and FX our has important included. over unless $XXX realized only one, almost our the million Any EBITDA. be million, the $XXX noncash exclude the and two, and that FX to The these compared which million SG&A important balances run unrealized guidance. FX of FX $X.X because related realized settled cash management prior below is Adjusting nonrecurring seems total entirely prior we the guidance. is headline intercompany FX SG&A until noncash, well unrealized over discretion; are: unrealized our at $XX.X This is to high places leasehold adjusted million
renegotiated not as a XX% actions on has any Management of open been to contributions been will and have to the notice. have costs address Five, indirect be travel, Four, office indirect uncertainty been of employees placed the certain been off. conferences, to rates. of furlough contracts employees be Three, the canceled future fees. Seven, certain of until reduction paid the employees seminars accrued further until our are Two, project have and a One, events cut suspended And until working Directors and off the impact of then XXX(k) not match lower agreed number have notice. use suspended. projects remotely. will on has been all time leave-without-pay have further business. on laid will filled eight, Board vendor positions company resumes. Six, have pandemic in taken
X.X% continue of employees from guidance The been services million. ongoing fee was projects the down have these million SG&A the by for stay to to of essential A last service expect approximately the Based quarter. in our and on our suspensions to these of be by measures billable authorities. consulting of year $XXX actions, QX service the appropriate quarter, are toward This some million end impacted project XX% lower negatively lowering Approximately XXXX year. $XX the $XX.X the from classified approximately remainder of $XXX million projects. assumes temporary majority place revenue, the we we as approximately
there able stabilizes of pandemic our While will all percent what pandemic the we the declines. will ultimately not or at workforce levels believe significant if how to cannot the will to current be we variation a current be affect do of continue, and predict projects billable our workforce
and existing seen continue. projects date So in CFR summary, from pandemic, generate believe currently will we we have significant to CFR on the impact mostly from a not our we
However, any from from projects combination CFR ongoing projects. given of a our year CFR CFR and new in is
this earlier, are scheduled be have mentioned as many deferred. to awarded our projects down new been As bookings year
for We prior to CFR of million million $XXX $XXX our XXXX. guidance are therefore retracting
We due have to giving XXXX of guidance pandemic impact future of regarding We uncertainty to of CFR. any the impact economic are CFR revised this guidance the a we confidence the higher on when the pandemic. time not revised provide intend at of the level on
negative million the of cash flow free $XX.X We for had quarter.
shut XX. as become from we March. year at believe locations significant Collections of sector clients latter clients remote. approximately was of levels of by down to in new office banks in The available. returned funding cash historically to await million levels in part back from The from slow disruption for at unrestricted due We cash processing our more collections has $X budgets first the $XX went initial this April quarter normal million as And our to this have slowdown flow collections as XX some and an to April. March coronavirus is more a increased public in as deteriorated some balance saw approximately
We liquidity. of $X.X under available million support liquidity a total revolving believe to approximately facilities level requirements for foreseeable credit had of XX this sufficient cash million also $XX our April for We capacity is the at future. of in
of In work us earlier, programs intend the the into Act permit cost-saving employees the the tax to have taxes and until portion discussed to actions payroll unable XXXX for defer to we and we for refundable employer addition FICA XXXX, apply to opted credit pandemic. CARES that through
negotiated second payments us XXXX. also these lease assist have quarter in certain preserving will until deferrals We actions liquidity. of All
for we from in under qualify Aside will Treasury. Program the announced Lending Main by believe the April Street actions discussed, the we loan
and waiting final determine announced. once on to may information, application conditions and we apply available the currently amount qualify final we is based see for program process terms loan qualify which and are the to We the to verify and intend,
Liz I'll now major call highlight Zipf over since to awards call. to turn last the our some
