false2025Q1000106660512/31FALSEFALSEFALSEFALSEP1Yxbrli:sharesiso4217:USDiso4217:USDxbrli:shareshsii:reportingUnithsii:positionxbrli:purehsii:operatingSegment00010666052025-01-012025-03-3100010666052025-05-0200010666052025-03-3100010666052024-12-3100010666052024-01-012024-03-310001066605us-gaap:CommonStockMember2024-12-310001066605us-gaap:TreasuryStockCommonMember2024-12-310001066605us-gaap:AdditionalPaidInCapitalMember2024-12-310001066605us-gaap:RetainedEarningsMember2024-12-310001066605us-gaap:AccumulatedOtherComprehensiveIncomeMember2024-12-310001066605us-gaap:RetainedEarningsMember2025-01-012025-03-310001066605us-gaap:AccumulatedOtherComprehensiveIncomeMember2025-01-012025-03-310001066605us-gaap:AdditionalPaidInCapitalMember2025-01-012025-03-310001066605us-gaap:CommonStockMember2025-01-012025-03-310001066605us-gaap:CommonStockMember2025-03-310001066605us-gaap:TreasuryStockCommonMember2025-03-310001066605us-gaap:AdditionalPaidInCapitalMember2025-03-310001066605us-gaap:RetainedEarningsMember2025-03-310001066605us-gaap:AccumulatedOtherComprehensiveIncomeMember2025-03-310001066605us-gaap:CommonStockMember2023-12-310001066605us-gaap:TreasuryStockCommonMember2023-12-310001066605us-gaap:AdditionalPaidInCapitalMember2023-12-310001066605us-gaap:RetainedEarningsMember2023-12-310001066605us-gaap:AccumulatedOtherComprehensiveIncomeMember2023-12-3100010666052023-12-310001066605us-gaap:RetainedEarningsMember2024-01-012024-03-310001066605us-gaap:AccumulatedOtherComprehensiveIncomeMember2024-01-012024-03-310001066605us-gaap:AdditionalPaidInCapitalMember2024-01-012024-03-310001066605us-gaap:CommonStockMember2024-01-012024-03-310001066605us-gaap:CommonStockMember2024-03-310001066605us-gaap:TreasuryStockCommonMember2024-03-310001066605us-gaap:AdditionalPaidInCapitalMember2024-03-310001066605us-gaap:RetainedEarningsMember2024-03-310001066605us-gaap:AccumulatedOtherComprehensiveIncomeMember2024-03-3100010666052024-03-310001066605us-gaap:RestrictedStockUnitsRSUMember2025-01-012025-03-310001066605us-gaap:RestrictedStockUnitsRSUMember2024-01-012024-03-310001066605us-gaap:PerformanceSharesMember2025-01-012025-03-310001066605us-gaap:PerformanceSharesMember2024-01-012024-03-310001066605us-gaap:LeaseholdImprovementsMember2025-03-310001066605us-gaap:LeaseholdImprovementsMember2024-12-310001066605us-gaap:FurnitureAndFixturesMember2025-03-310001066605us-gaap:FurnitureAndFixturesMember2024-12-310001066605us-gaap:ComputerEquipmentMember2025-03-310001066605us-gaap:ComputerEquipmentMember2024-12-310001066605srt:MinimumMemberus-gaap:BuildingMember2025-03-310001066605srt:MaximumMemberus-gaap:BuildingMember2025-03-310001066605srt:MinimumMemberus-gaap:EquipmentMember2025-03-310001066605srt:MaximumMemberus-gaap:EquipmentMember2025-03-310001066605us-gaap:CashMember2025-03-310001066605us-gaap:FairValueInputsLevel1Memberus-gaap:MoneyMarketFundsMember2025-03-310001066605us-gaap:FairValueInputsLevel1Memberus-gaap:USTreasurySecuritiesMember2025-03-310001066605us-gaap:FairValueInputsLevel1Member2025-03-310001066605us-gaap:CashMember2024-12-310001066605us-gaap:FairValueInputsLevel1Memberus-gaap:MoneyMarketFundsMember2024-12-310001066605us-gaap:FairValueInputsLevel1Memberus-gaap:USTreasurySecuritiesMember2024-12-310001066605us-gaap:FairValueInputsLevel1Member2024-12-310001066605us-gaap:FairValueInputsLevel1Memberus-gaap:OtherCurrentAssetsMember2025-03-310001066605us-gaap:FairValueInputsLevel1Memberhsii:AssetsDesignatedForRetirementAndPensionPlansMember2025-03-310001066605us-gaap:FairValueInputsLevel1Memberus-gaap:InvestmentsMember2025-03-310001066605us-gaap:FairValueInputsLevel1Memberus-gaap:OtherCurrentLiabilitiesMember2025-03-310001066605us-gaap:FairValueInputsLevel1Memberus-gaap:PensionPlansDefinedBenefitMember2025-03-310001066605us-gaap:FairValueInputsLevel2Member2025-03-310001066605us-gaap:FairValueInputsLevel2Memberus-gaap:OtherCurrentAssetsMember2025-03-310001066605us-gaap:FairValueInputsLevel2Memberhsii:AssetsDesignatedForRetirementAndPensionPlansMember2025-03-310001066605us-gaap:FairValueInputsLevel2Memberus-gaap:InvestmentsMember2025-03-310001066605us-gaap:FairValueInputsLevel2Memberus-gaap:OtherCurrentLiabilitiesMember2025-03-310001066605us-gaap:FairValueInputsLevel2Memberus-gaap:PensionPlansDefinedBenefitMember2025-03-310001066605us-gaap:OtherCurrentAssetsMember2025-03-310001066605hsii:AssetsDesignatedForRetirementAndPensionPlansMember2025-03-310001066605us-gaap:InvestmentsMember2025-03-310001066605us-gaap:OtherCurrentLiabilitiesMember2025-03-310001066605us-gaap:PensionPlansDefinedBenefitMember2025-03-310001066605us-gaap:FairValueInputsLevel1Memberus-gaap:OtherCurrentAssetsMember2024-12-310001066605us-gaap:FairValueInputsLevel1Memberhsii:AssetsDesignatedForRetirementAndPensionPlansMember2024-12-310001066605us-gaap:FairValueInputsLevel1Memberus-gaap:InvestmentsMember2024-12-310001066605us-gaap:FairValueInputsLevel1Memberus-gaap:OtherCurrentLiabilitiesMember2024-12-310001066605us-gaap:FairValueInputsLevel1Memberus-gaap:PensionPlansDefinedBenefitMember2024-12-310001066605us-gaap:FairValueInputsLevel2Member2024-12-310001066605us-gaap:FairValueInputsLevel2Memberus-gaap:OtherCurrentAssetsMember2024-12-310001066605us-gaap:FairValueInputsLevel2Memberhsii:AssetsDesignatedForRetirementAndPensionPlansMember2024-12-310001066605us-gaap:FairValueInputsLevel2Memberus-gaap:InvestmentsMember2024-12-310001066605us-gaap:FairValueInputsLevel2Memberus-gaap:OtherCurrentLiabilitiesMember2024-12-310001066605us-gaap:FairValueInputsLevel2Memberus-gaap:PensionPlansDefinedBenefitMember2024-12-310001066605us-gaap:OtherCurrentAssetsMember2024-12-310001066605hsii:AssetsDesignatedForRetirementAndPensionPlansMember2024-12-310001066605us-gaap:InvestmentsMember2024-12-310001066605us-gaap:OtherCurrentLiabilitiesMember2024-12-310001066605us-gaap:PensionPlansDefinedBenefitMember2024-12-310001066605hsii:AcqusitionEarnoutAccrualsMember2024-12-310001066605hsii:ContingentCompensationMember2024-12-310001066605hsii:AcqusitionEarnoutAccrualsMember2025-01-012025-03-310001066605hsii:ContingentCompensationMember2025-01-012025-03-310001066605hsii:AcqusitionEarnoutAccrualsMember2025-03-310001066605hsii:ContingentCompensationMember2025-03-310001066605us-gaap:FairValueInputsLevel3Memberhsii:AcqusitionEarnoutAccrualsMemberhsii:NonCurrentAndOtherNonCurrentLiabilitiesMember2025-03-310001066605us-gaap:FairValueInputsLevel3Memberhsii:AcqusitionEarnoutAccrualsMemberhsii:NonCurrentAndOtherNonCurrentLiabilitiesMember2024-12-310001066605us-gaap:FairValueInputsLevel3Memberhsii:ContingentCompensationMemberhsii:CurrentAccruedSalariesAndBenefitsMember2025-03-310001066605us-gaap:FairValueInputsLevel3Memberhsii:ContingentCompensationMemberhsii:CurrentAccruedSalariesAndBenefitsMember2024-12-310001066605us-gaap:FairValueInputsLevel3Memberhsii:ContingentCompensationMemberhsii:NonCurrentAccruedSalariesAndBenefitsMember2024-12-310001066605srt:AmericasMemberhsii:ExecutiveSearchSegmentMember2025-03-310001066605srt:AmericasMemberhsii:ExecutiveSearchSegmentMember2024-12-310001066605srt:EuropeMemberhsii:ExecutiveSearchSegmentMember2025-03-310001066605srt:EuropeMemberhsii:ExecutiveSearchSegmentMember2024-12-310001066605hsii:ExecutiveSearchSegmentMember2025-03-310001066605hsii:ExecutiveSearchSegmentMember2024-12-310001066605hsii:OnDemandTalentSegmentMember2025-03-310001066605hsii:OnDemandTalentSegmentMember2024-12-310001066605hsii:HeidrickConsultingSegmentMember2025-03-310001066605hsii:HeidrickConsultingSegmentMember2024-12-310001066605srt:AmericasMemberhsii:ExecutiveSearchSegmentMember2025-01-012025-03-310001066605srt:EuropeMemberhsii:ExecutiveSearchSegmentMember2025-01-012025-03-310001066605hsii:OnDemandTalentSegmentMember2025-01-012025-03-310001066605hsii:HeidrickConsultingSegmentMember2025-01-012025-03-310001066605us-gaap:CustomerRelationshipsMember2025-01-012025-03-310001066605us-gaap:CustomerRelationshipsMember2025-03-310001066605us-gaap:CustomerRelationshipsMember2024-12-310001066605us-gaap:TradeNamesMember2025-01-012025-03-310001066605us-gaap:TradeNamesMember2025-03-310001066605us-gaap:TradeNamesMember2024-12-310001066605us-gaap:SoftwareAndSoftwareDevelopmentCostsMember2025-01-012025-03-310001066605us-gaap:SoftwareAndSoftwareDevelopmentCostsMember2025-03-310001066605us-gaap:SoftwareAndSoftwareDevelopmentCostsMember2024-12-310001066605hsii:TheCreditAgreementMemberus-gaap:RevolvingCreditFacilityMemberus-gaap:LineOfCreditMember2025-03-170001066605hsii:TheCreditAgreementMemberus-gaap:LetterOfCreditMemberus-gaap:LineOfCreditMember2025-03-170001066605hsii:TheCreditAgreementMemberus-gaap:BridgeLoanMemberus-gaap:LineOfCreditMember2025-03-170001066605hsii:TheCreditAgreementMemberus-gaap:RevolvingCreditFacilityMemberus-gaap:LineOfCreditMember2025-03-172025-03-170001066605hsii:TheCreditAgreementMemberus-gaap:RevolvingCreditFacilityMemberus-gaap:LineOfCreditMember2024-12-310001066605hsii:TheCreditAgreementMemberus-gaap:RevolvingCreditFacilityMemberus-gaap:LineOfCreditMember2025-03-3100010666052024-05-232024-05-230001066605us-gaap:RestrictedStockUnitsRSUMembersrt:MinimumMember2025-01-012025-03-310001066605us-gaap:RestrictedStockUnitsRSUMembersrt:MaximumMember2025-01-012025-03-310001066605us-gaap:RestrictedStockUnitsRSUMember2024-12-310001066605us-gaap:RestrictedStockUnitsRSUMember2025-03-310001066605us-gaap:PerformanceSharesMembersrt:ExecutiveOfficerMember2025-01-012025-03-310001066605us-gaap:PerformanceSharesMembersrt:ExecutiveOfficerMembersrt:MinimumMember2025-01-012025-03-310001066605us-gaap:PerformanceSharesMembersrt:ExecutiveOfficerMembersrt:MaximumMember2025-01-012025-03-310001066605us-gaap:PerformanceSharesMembersrt:MinimumMember2025-01-012025-03-310001066605us-gaap:PerformanceSharesMembersrt:MaximumMember2025-01-012025-03-310001066605us-gaap:PerformanceSharesMember2024-12-310001066605us-gaap:PerformanceSharesMember2025-03-310001066605us-gaap:PhantomShareUnitsPSUsMembersrt:MinimumMember2025-01-012025-03-310001066605us-gaap:PhantomShareUnitsPSUsMembersrt:MaximumMember2025-01-012025-03-310001066605us-gaap:PhantomShareUnitsPSUsMember2024-12-310001066605us-gaap:PhantomShareUnitsPSUsMember2025-01-012025-03-310001066605us-gaap:PhantomShareUnitsPSUsMember2025-03-3100010666052008-02-1100010666052024-01-012024-12-3100010666052023-01-012023-12-310001066605us-gaap:EmployeeSeveranceMemberhsii:A2024PlanMemberhsii:ExecutiveSearchSegmentMembersrt:AmericasMemberus-gaap:OperatingSegmentsMember2025-03-310001066605us-gaap:EmployeeSeveranceMemberhsii:A2024PlanMemberhsii:ExecutiveSearchSegmentMembersrt:EuropeMemberus-gaap:OperatingSegmentsMember2025-03-310001066605us-gaap:EmployeeSeveranceMemberhsii:A2024PlanMemberhsii:ExecutiveSearchSegmentMembersrt:AsiaPacificMemberus-gaap:OperatingSegmentsMember2025-03-310001066605us-gaap:EmployeeSeveranceMemberhsii:A2024PlanMemberus-gaap:OperatingSegmentsMemberhsii:OnDemandTalentSegmentMember2025-03-310001066605us-gaap:EmployeeSeveranceMemberhsii:A2024PlanMemberus-gaap:OperatingSegmentsMemberhsii:HeidrickConsultingSegmentMember2025-03-310001066605us-gaap:EmployeeSeveranceMemberhsii:A2024PlanMemberus-gaap:CorporateNonSegmentMember2025-03-310001066605us-gaap:EmployeeSeveranceMemberhsii:A2024PlanMember2025-03-310001066605us-gaap:EmployeeSeveranceMember2024-12-310001066605us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2024-12-310001066605us-gaap:AccumulatedTranslationAdjustmentMember2024-12-310001066605us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember2024-12-310001066605us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2025-01-012025-03-310001066605us-gaap:AccumulatedTranslationAdjustmentMember2025-01-012025-03-310001066605us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember2025-01-012025-03-310001066605us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2025-03-310001066605us-gaap:AccumulatedTranslationAdjustmentMember2025-03-310001066605us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember2025-03-310001066605srt:AmericasMemberus-gaap:OperatingSegmentsMemberhsii:ExecutiveSearchSegmentMember2025-01-012025-03-310001066605srt:EuropeMemberus-gaap:OperatingSegmentsMemberhsii:ExecutiveSearchSegmentMember2025-01-012025-03-310001066605srt:AsiaPacificMemberus-gaap:OperatingSegmentsMemberhsii:ExecutiveSearchSegmentMember2025-01-012025-03-310001066605us-gaap:OperatingSegmentsMemberhsii:OnDemandTalentSegmentMember2025-01-012025-03-310001066605us-gaap:OperatingSegmentsMemberhsii:HeidrickConsultingSegmentMember2025-01-012025-03-310001066605us-gaap:OperatingSegmentsMember2025-01-012025-03-310001066605srt:AmericasMemberus-gaap:MaterialReconcilingItemsMemberhsii:ExecutiveSearchSegmentMember2025-01-012025-03-310001066605srt:EuropeMemberus-gaap:MaterialReconcilingItemsMemberhsii:ExecutiveSearchSegmentMember2025-01-012025-03-310001066605srt:AsiaPacificMemberus-gaap:MaterialReconcilingItemsMemberhsii:ExecutiveSearchSegmentMember2025-01-012025-03-310001066605us-gaap:MaterialReconcilingItemsMemberhsii:OnDemandTalentSegmentMember2025-01-012025-03-310001066605us-gaap:MaterialReconcilingItemsMemberhsii:HeidrickConsultingSegmentMember2025-01-012025-03-310001066605us-gaap:MaterialReconcilingItemsMember2025-01-012025-03-310001066605srt:AmericasMemberus-gaap:CorporateNonSegmentMemberhsii:ExecutiveSearchSegmentMember2025-01-012025-03-310001066605srt:EuropeMemberus-gaap:CorporateNonSegmentMemberhsii:ExecutiveSearchSegmentMember2025-01-012025-03-310001066605srt:AsiaPacificMemberus-gaap:CorporateNonSegmentMemberhsii:ExecutiveSearchSegmentMember2025-01-012025-03-310001066605us-gaap:CorporateNonSegmentMemberhsii:OnDemandTalentSegmentMember2025-01-012025-03-310001066605us-gaap:CorporateNonSegmentMemberhsii:HeidrickConsultingSegmentMember2025-01-012025-03-310001066605us-gaap:CorporateNonSegmentMember2025-01-012025-03-310001066605srt:AmericasMemberhsii:CorporateAndReconcilingItemsMemberhsii:ExecutiveSearchSegmentMember2025-01-012025-03-310001066605srt:EuropeMemberhsii:CorporateAndReconcilingItemsMemberhsii:ExecutiveSearchSegmentMember2025-01-012025-03-310001066605srt:AsiaPacificMemberhsii:CorporateAndReconcilingItemsMemberhsii:ExecutiveSearchSegmentMember2025-01-012025-03-310001066605hsii:CorporateAndReconcilingItemsMemberhsii:OnDemandTalentSegmentMember2025-01-012025-03-310001066605hsii:CorporateAndReconcilingItemsMemberhsii:HeidrickConsultingSegmentMember2025-01-012025-03-310001066605hsii:CorporateAndReconcilingItemsMember2025-01-012025-03-310001066605srt:AmericasMemberus-gaap:OperatingSegmentsMemberhsii:ExecutiveSearchSegmentMember2024-01-012024-03-310001066605srt:EuropeMemberus-gaap:OperatingSegmentsMemberhsii:ExecutiveSearchSegmentMember2024-01-012024-03-310001066605srt:AsiaPacificMemberus-gaap:OperatingSegmentsMemberhsii:ExecutiveSearchSegmentMember2024-01-012024-03-310001066605us-gaap:OperatingSegmentsMemberhsii:OnDemandTalentSegmentMember2024-01-012024-03-310001066605us-gaap:OperatingSegmentsMemberhsii:HeidrickConsultingSegmentMember2024-01-012024-03-310001066605us-gaap:OperatingSegmentsMember2024-01-012024-03-310001066605srt:AmericasMemberus-gaap:MaterialReconcilingItemsMemberhsii:ExecutiveSearchSegmentMember2024-01-012024-03-310001066605srt:EuropeMemberus-gaap:MaterialReconcilingItemsMemberhsii:ExecutiveSearchSegmentMember2024-01-012024-03-310001066605srt:AsiaPacificMemberus-gaap:MaterialReconcilingItemsMemberhsii:ExecutiveSearchSegmentMember2024-01-012024-03-310001066605us-gaap:MaterialReconcilingItemsMemberhsii:OnDemandTalentSegmentMember2024-01-012024-03-310001066605us-gaap:MaterialReconcilingItemsMemberhsii:HeidrickConsultingSegmentMember2024-01-012024-03-310001066605us-gaap:MaterialReconcilingItemsMember2024-01-012024-03-310001066605srt:AmericasMemberus-gaap:CorporateNonSegmentMemberhsii:ExecutiveSearchSegmentMember2024-01-012024-03-310001066605srt:EuropeMemberus-gaap:CorporateNonSegmentMemberhsii:ExecutiveSearchSegmentMember2024-01-012024-03-310001066605srt:AsiaPacificMemberus-gaap:CorporateNonSegmentMemberhsii:ExecutiveSearchSegmentMember2024-01-012024-03-310001066605us-gaap:CorporateNonSegmentMemberhsii:OnDemandTalentSegmentMember2024-01-012024-03-310001066605us-gaap:CorporateNonSegmentMemberhsii:HeidrickConsultingSegmentMember2024-01-012024-03-310001066605us-gaap:CorporateNonSegmentMember2024-01-012024-03-310001066605srt:AmericasMemberhsii:CorporateAndReconcilingItemsMemberhsii:ExecutiveSearchSegmentMember2024-01-012024-03-310001066605srt:EuropeMemberhsii:CorporateAndReconcilingItemsMemberhsii:ExecutiveSearchSegmentMember2024-01-012024-03-310001066605srt:AsiaPacificMemberhsii:CorporateAndReconcilingItemsMemberhsii:ExecutiveSearchSegmentMember2024-01-012024-03-310001066605hsii:CorporateAndReconcilingItemsMemberhsii:OnDemandTalentSegmentMember2024-01-012024-03-310001066605hsii:CorporateAndReconcilingItemsMemberhsii:HeidrickConsultingSegmentMember2024-01-012024-03-310001066605hsii:CorporateAndReconcilingItemsMember2024-01-012024-03-310001066605us-gaap:OperatingSegmentsMemberhsii:ExecutiveSearchSegmentMember2025-01-012025-03-310001066605us-gaap:OperatingSegmentsMemberhsii:ExecutiveSearchSegmentMember2024-01-012024-03-31
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington D.C. 20549
FORM 10-Q
☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
FOR THE QUARTERLY PERIOD ENDED MARCH 31, 2025
OR
☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the transition period from _______ to _______
Commission File Number: 0-25837
HEIDRICK & STRUGGLES INTERNATIONAL, INC.
(Exact Name of Registrant as Specified in its Charter)
| | | | | | | | |
Delaware | | 36-2681268 |
(State or Other Jurisdiction of Incorporation or Organization) | | (I.R.S. Employer Identification Number) |
233 South Wacker Drive-Suite 4900
Chicago, Illinois
60606-6303
(Address of Principal Executive Offices)
(312) 496-1200
(Registrant’s Telephone Number, Including Area Code)
Securities Registered Pursuant to Section 12(b) of the Act:
| | | | | | | | |
Title of Each Class | Trading Symbol | Name of Each Exchange on Which Registered |
Common Stock, $0.01 par value | HSII | The Nasdaq Stock Market LLC |
Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes x No ¨
Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes x No ¨
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer," “smaller reporting company," and "emerging growth company" in Rule 12b-2 of the Exchange Act.
| | | | | | | | | | | | | | | | | | | | |
Large accelerated filer | | ¨ | | Accelerated filer | | ☒ |
Non-Accelerated filer | | ¨ | | Smaller reporting company | | ☐ |
| | | | Emerging growth company | | ☐ |
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o
Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ¨ No ☒
Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practicable date.
As of May 2, 2025, there were 20,620,786 shares of the Company’s common stock outstanding.
HEIDRICK & STRUGGLES INTERNATIONAL, INC. AND SUBSIDIARIES
INDEX
| | | | | | | | |
| | PAGE |
PART I. | | |
| | |
Item 1. | | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
Item 2. | | |
| | |
Item 3. | | |
| | |
Item 4. | | |
| | |
PART II. | | |
| | |
Item 1. | | |
| | |
Item 1A. | | |
| | |
Item 2. | | |
| | |
Item 6. | | |
| | |
| | |
PART I. FINANCIAL INFORMATION
ITEM 1. CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
HEIDRICK & STRUGGLES INTERNATIONAL, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED BALANCE SHEETS
(In thousands, except share amounts)
| | | | | | | | | | | | | | |
| | March 31, 2025 | | December 31, 2024 |
| | (Unaudited) | | |
Current assets | | | | |
Cash and cash equivalents | | $ | 211,944 | | | $ | 515,627 | |
Marketable securities | | 112,715 | | | 47,896 | |
Accounts receivable, net of allowances of $8,433 and $7,296, respectively | | 182,136 | | | 134,331 | |
Prepaid expenses | | 33,970 | | | 28,718 | |
Other current assets | | 47,421 | | | 39,935 | |
Income taxes recoverable | | 6,964 | | | 6,470 | |
Total current assets | | 595,150 | | | 772,977 | |
| | | | |
Non-current assets | | | | |
Property and equipment, net | | 51,938 | | | 51,685 | |
Operating lease right-of-use assets | | 80,863 | | | 83,518 | |
Assets designated for retirement and pension plans | | 10,424 | | | 9,976 | |
Investments | | 64,434 | | | 58,290 | |
Other non-current assets | | 26,113 | | | 25,500 | |
Goodwill | | 139,447 | | | 137,861 | |
Other intangible assets, net | | 11,304 | | | 12,483 | |
Deferred income taxes | | 44,018 | | | 41,898 | |
Total non-current assets | | 428,541 | | | 421,211 | |
| | | | |
Total assets | | $ | 1,023,691 | | | $ | 1,194,188 | |
| | | | |
Current liabilities | | | | |
| | | | |
Accounts payable | | $ | 23,103 | | | $ | 25,088 | |
Accrued salaries and benefits | | 171,155 | | | 353,531 | |
Deferred revenue | | 55,957 | | | 51,085 | |
Operating lease liabilities | | 17,652 | | | 17,653 | |
Other current liabilities | | 64,869 | | | 21,369 | |
Income taxes payable | | 16,804 | | | 14,287 | |
Total current liabilities | | 349,540 | | | 483,013 | |
| | | | |
Non-current liabilities | | | | |
| | | | |
Accrued salaries and benefits | | 41,826 | | | 58,547 | |
Retirement and pension plans | | 79,118 | | | 72,138 | |
Operating lease liabilities | | 82,436 | | | 83,152 | |
Other non-current liabilities | | 4,318 | | | 42,905 | |
Deferred income taxes | | 1,403 | | | 1,616 | |
Total non-current liabilities | | 209,101 | | | 258,358 | |
| | | | |
Total liabilities | | 558,641 | | | 741,371 | |
| | | | |
Commitments and contingencies (Note 17) | | | | |
| | | | |
Stockholders’ equity | | | | |
Preferred stock, $0.01 par value, 10,000,000 shares authorized, no shares issued at March 31, 2025 and December 31, 2024 | | — | | | — | |
Common stock, $0.01 par value, 100,000,000 shares authorized, 20,625,866 and 20,414,915 shares issued, 20,620,786 and 20,409,835 shares outstanding at March 31, 2025 and December 31, 2024, respectively | | 206 | | | 204 | |
Treasury stock at cost, 5,080 shares at March 31, 2025 and December 31, 2024 | | (110) | | | (110) | |
Additional paid in capital | | 260,512 | | | 260,893 | |
Retained earnings | | 215,985 | | | 205,875 | |
Accumulated other comprehensive loss | | (11,543) | | | (14,045) | |
Total stockholders’ equity | | 465,050 | | | 452,817 | |
| | | | |
Total liabilities and stockholders’ equity | | $ | 1,023,691 | | | $ | 1,194,188 | |
The accompanying Notes to Condensed Consolidated Financial Statements are an integral part of these statements.
HEIDRICK & STRUGGLES INTERNATIONAL, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
(In thousands, except per share amounts)
(Unaudited)
| | | | | | | | | | | | | | | | | | |
| | Three Months Ended March 31, | | |
| | 2025 | | 2024 | | | | |
Revenue | | | | | | | | |
Revenue before reimbursements (net revenue) | | $ | 283,578 | | | $ | 265,197 | | | | | |
Reimbursements | | 3,864 | | | 3,901 | | | | | |
Total revenue | | 287,442 | | | 269,098 | | | | | |
| | | | | | | | |
Operating expenses | | | | | | | | |
Salaries and benefits | | 189,475 | | | 174,413 | | | | | |
General and administrative expenses | | 41,424 | | | 41,363 | | | | | |
Cost of services | | 30,059 | | | 27,432 | | | | | |
Research and development | | 6,392 | | | 5,715 | | | | | |
| | | | | | | | |
| | | | | | | | |
Reimbursed expenses | | 3,864 | | | 3,901 | | | | | |
Total operating expenses | | 271,214 | | | 252,824 | | | | | |
| | | | | | | | |
Operating income | | 16,228 | | | 16,274 | | | | | |
| | | | | | | | |
Non-operating income (expense) | | | | | | | | |
Interest, net | | 3,955 | | | 4,086 | | | | | |
Other, net | | (2,566) | | | 2,571 | | | | | |
Net non-operating income | | 1,389 | | | 6,657 | | | | | |
| | | | | | | | |
Income before income taxes | | 17,617 | | | 22,931 | | | | | |
| | | | | | | | |
Provision for income taxes | | 4,311 | | | 8,899 | | | | | |
| | | | | | | | |
Net income | | 13,306 | | | 14,032 | | | | | |
| | | | | | | | |
Other comprehensive income (loss), net of tax | | | | | | | | |
Foreign currency translation adjustment | | 2,541 | | | (4,058) | | | | | |
Net unrealized loss on available-for-sale investments | | (39) | | | (33) | | | | | |
| | | | | | | | |
Other comprehensive income (loss), net of tax | | 2,502 | | | (4,091) | | | | | |
| | | | | | | | |
Comprehensive income | | $ | 15,808 | | | $ | 9,941 | | | | | |
| | | | | | | | |
Weighted-average common shares outstanding | | | | | | | | |
Basic | | 20,464 | | | 20,144 | | | | | |
| | | | | | | | |
Diluted | | 21,318 | | | 21,040 | | | | | |
| | | | | | | | |
Earnings per common share | | | | | | | | |
Basic | | $ | 0.65 | | | $ | 0.70 | | | | | |
Diluted | | $ | 0.62 | | | $ | 0.67 | | | | | |
| | | | | | | | |
Cash dividends paid per share | | $ | 0.15 | | | $ | 0.15 | | | | | |
| | | | | | | | |
| | | | | | | | |
The accompanying Notes to Condensed Consolidated Financial Statements are an integral part of these statements.
HEIDRICK & STRUGGLES INTERNATIONAL, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS’ EQUITY
(In thousands, except per share amounts)
(Unaudited)
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | | | Additional Paid in Capital | | Retained Earnings | | Accumulated Other Comprehensive Income (Loss) | | Total |
| Common Stock | | Treasury Stock | |
| Shares | | Amount | | Shares | | Amount | |
Balance at December 31, 2024 | 20,415 | | | $ | 204 | | | 5 | | | $ | (110) | | | $ | 260,893 | | | $ | 205,875 | | | $ | (14,045) | | | $ | 452,817 | |
Net income | — | | | — | | | — | | | — | | | — | | | 13,306 | | | — | | | 13,306 | |
| | | | | | | | | | | | | | | |
Other comprehensive income, net of tax | — | | | — | | | — | | | — | | | — | | | — | | | 2,502 | | | 2,502 | |
Common and treasury stock transactions: | | | | | | | | | | | | | | | |
Stock-based compensation | — | | | — | | | — | | | — | | | 2,510 | | | — | | | — | | | 2,510 | |
Vesting of equity awards, net of tax withholding | 211 | | | 2 | | | — | | | — | | | (2,891) | | | — | | | — | | | (2,889) | |
| | | | | | | | | | | | | | | |
Cash dividends declared ($0.15 per share) | — | | | — | | | — | | | — | | | — | | | (3,094) | | | — | | | (3,094) | |
Dividend equivalents on restricted stock units | — | | | — | | | — | | | — | | | — | | | (102) | | | — | | | (102) | |
| | | | | | | | | | | | | | | |
Balance at March 31, 2025 | 20,626 | | | $ | 206 | | | 5 | | | $ | (110) | | | $ | 260,512 | | | $ | 215,985 | | | $ | (11,543) | | | $ | 465,050 | |
| | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | |
HEIDRICK & STRUGGLES INTERNATIONAL, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS’ EQUITY
(In thousands, except per share amounts)
(Unaudited)
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | | | Additional Paid in Capital | | Retained Earnings | | Accumulated Other Comprehensive Income (Loss) | | Total |
| Common Stock | | Treasury Stock | |
| Shares | | Amount | | Shares | | Amount | |
Balance at December 31, 2023 | 20,127 | | | $ | 201 | | | 5 | | | $ | (110) | | | $ | 251,988 | | | $ | 210,070 | | | $ | 129 | | | $ | 462,278 | |
Net income | — | | | — | | | — | | | — | | | — | | | 14,032 | | | — | | | 14,032 | |
| | | | | | | | | | | | | | | |
Other comprehensive loss, net of tax | — | | | — | | | — | | | — | | | — | | | — | | | (4,091) | | | (4,091) | |
Common and treasury stock transactions: | | | | | | | | | | | | | | | |
Stock-based compensation | — | | | — | | | — | | | — | | | 2,644 | | | — | | | — | | | 2,644 | |
Vesting of equity awards, net of tax withholding | 127 | | | 1 | | | — | | | — | | | (2,863) | | | — | | | — | | | (2,862) | |
| | | | | | | | | | | | | | | |
Cash dividends declared ($0.15 per share) | — | | | — | | | — | | | — | | | — | | | (3,018) | | | — | | | (3,018) | |
Dividend equivalents on restricted stock units | — | | | — | | | — | | | — | | | — | | | (198) | | | — | | | (198) | |
| | | | | | | | | | | | | | | |
Balance at March 31, 2024 | 20,254 | | | $ | 202 | | | 5 | | | $ | (110) | | | $ | 251,769 | | | $ | 220,886 | | | $ | (3,962) | | | $ | 468,785 | |
| | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | |
The accompanying Notes to Condensed Consolidated Financial Statements are an integral part of these statements.
HEIDRICK & STRUGGLES INTERNATIONAL, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(In thousands)
(Unaudited)
| | | | | | | | | | | | | | |
| | Three Months ended March 31, |
| | 2025 | | 2024 |
Cash flows - operating activities | | | | |
Net income | | $ | 13,306 | | | $ | 14,032 | |
Adjustments to reconcile net income to net cash used in operating activities: | | | | |
Depreciation and amortization | | 4,847 | | | 4,790 | |
Deferred income taxes | | (1,883) | | | (87) | |
Stock-based compensation expense | | 2,510 | | | 2,644 | |
Accretion expense related to earnout payments | | 481 | | | 466 | |
Gain on marketable securities | | (948) | | | (539) | |
Loss on disposal of property and equipment | | 7 | | | 14 | |
| | | | |
Changes in assets and liabilities: | | | | |
Accounts receivable | | (45,609) | | | (41,125) | |
Accounts payable | | (2,510) | | | (2,069) | |
Accrued expenses | | (199,320) | | | (182,590) | |
Restructuring accrual | | (964) | | | — | |
Deferred revenue | | 4,347 | | | 1,951 | |
Income taxes recoverable and payable, net | | 1,846 | | | 4,723 | |
Retirement and pension plan assets and liabilities | | 6,732 | | | 5,453 | |
Prepaid expenses | | (4,673) | | | (7,991) | |
Other assets and liabilities, net | | (10,393) | | | (3,096) | |
Net cash used in operating activities | | (232,224) | | | (203,424) | |
| | | | |
Cash flows - investing activities | | | | |
| | | | |
Capital expenditures | | (2,734) | | | (6,173) | |
| | | | |
Purchases of marketable securities and investments | | (118,719) | | | (5,400) | |
Proceeds from sales of marketable securities and investments | | 48,325 | | | 66,285 | |
Net cash provided by (used in) investing activities | | (73,128) | | | 54,712 | |
| | | | |
Cash flows - financing activities | | | | |
| | | | |
| | | | |
Debt issuance costs | | (360) | | | — | |
| | | | |
Cash dividends paid | | (3,196) | | | (3,216) | |
Payment of employee tax withholdings on equity transactions | | (2,889) | | | (2,862) | |
| | | | |
Net cash used in financing activities | | (6,445) | | | (6,078) | |
| | | | |
Effect of exchange rate fluctuations on cash, cash equivalents and restricted cash | | 8,122 | | | (4,997) | |
| | | | |
Net decrease in cash, cash equivalents and restricted cash | | (303,675) | | | (159,787) | |
Cash, cash equivalents and restricted cash at beginning of period | | 515,813 | | | 412,618 | |
Cash, cash equivalents and restricted cash at end of period | | $ | 212,138 | | | $ | 252,831 | |
| | | | |
| | | | |
| | | | |
The accompanying Notes to Condensed Consolidated Financial Statements are an integral part of these statements.
HEIDRICK & STRUGGLES INTERNATIONAL, INC. AND SUBSIDIARIES
NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
(All tables in thousands, except per share figures and percentages)
(Unaudited)
1. Basis of Presentation of Interim Financial Information
The accompanying unaudited Condensed Consolidated Financial Statements of Heidrick & Struggles International, Inc. and subsidiaries (the "Company") have been prepared pursuant to the rules and regulations of the U.S. Securities and Exchange Commission ("SEC"). The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenue and expenses. Significant items subject to estimates and assumptions include revenue recognition, allowances for deferred tax assets and liabilities, interim effective tax rates, contingent consideration liabilities, and the assessment of goodwill for impairment. Estimates are subject to a degree of uncertainty and actual results could differ from these estimates. In the opinion of management, all adjustments necessary to fairly present the financial position of the Company at March 31, 2025, and December 31, 2024, the results of operations for the three months ended March 31, 2025, and 2024, and its cash flows for the three months ended March 31, 2025, and 2024, have been included and are of a normal, recurring nature except as otherwise disclosed. These financial statements and notes are to be read in conjunction with the Company’s Consolidated Financial Statements and Notes thereto included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2024, as filed with the SEC on March 3, 2025.
2. Summary of Significant Accounting Policies
A complete listing of the Company’s significant accounting policies is discussed in Note 2, Summary of Significant Accounting Policies, in the Notes to Consolidated Financial Statements included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2024.
Revenue Recognition
See Note 3, Revenue.
Cost of Services
Cost of services consists of contractor costs related to the delivery of various services in the Company's On-Demand Talent and Heidrick Consulting operating segments.
Research and Development
Research and development expense consists of payroll, employee benefits, stock-based compensation, other employee expenses and third-party professional fees associated with new product development.
Marketable Securities
The Company’s marketable securities consist of available-for-sale debt securities with original maturities exceeding three months.
Restricted Cash
The following table provides a reconciliation of the cash and cash equivalents between the Condensed Consolidated Balance Sheets and the Condensed Consolidated Statements of Cash Flows as of March 31, 2025, and 2024, and December 31, 2024, and 2023, respectively:
| | | | | | | | | | | | | | | | | | | | | | | |
| March 31, | | December 31, |
| 2025 | | 2024 | | 2024 | | 2023 |
Cash and cash equivalents | $ | 211,944 | | | $ | 252,831 | | | $ | 515,627 | | | $ | 412,618 | |
| | | | | | | |
Restricted cash included within other non-current assets | 194 | | | — | | | 186 | | | — | |
Total cash, cash equivalents and restricted cash | $ | 212,138 | | | $ | 252,831 | | | $ | 515,813 | | | $ | 412,618 | |
Earnings per Common Share
Basic earnings per common share are computed by dividing net income by weighted average common shares outstanding for the period. Diluted earnings per share reflect the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted. Common equivalent shares are excluded from the determination of diluted earnings per share in periods in which they have an anti-dilutive effect.
The following table sets forth the computation of basic and diluted earnings per share:
| | | | | | | | | | | | | | | | | | |
| | Three Months Ended March 31, | | |
| | 2025 | | 2024 | | | | |
Net income | | $ | 13,306 | | | $ | 14,032 | | | | | |
Weighted average shares outstanding: | | | | | | | | |
Basic | | 20,464 | | | 20,144 | | | | | |
Effect of dilutive securities: | | | | | | | | |
Restricted stock units | | 562 | | | 593 | | | | | |
Performance stock units | | 292 | | | 303 | | | | | |
Diluted | | 21,318 | | | 21,040 | | | | | |
Basic earnings per share | | $ | 0.65 | | | $ | 0.70 | | | | | |
Diluted earnings per share | | $ | 0.62 | | | $ | 0.67 | | | | | |
Leases
The Company determines if an arrangement is a lease at inception. Operating leases are included in Operating lease right-of-use assets, Current liabilities - Operating lease liabilities and Non-current liabilities - Operating lease liabilities in the Company's Condensed Consolidated Balance Sheets. The Company does not have any leases that meet the finance lease criteria.
Right-of-use assets represent the Company's right to use an underlying asset for the lease term and lease liabilities represent the Company's obligation to make lease payments arising from the lease. Operating lease right-of-use assets and liabilities are recognized on the commencement date based on the present value of lease payments over the lease term. As most of the Company's leases do not provide an implicit rate, an incremental borrowing rate based on the information available at the commencement date is used in determining the present value of lease payments. The operating lease right-of-use asset also includes any lease payments made in advance and any accrued rent expense balances. Lease terms may include options to extend or terminate the lease when it is reasonably certain that the option will be exercised. Lease expense for lease payments is recognized on a straight-line basis over the lease term.
The Company has lease agreements with lease and non-lease components. For office leases, the Company accounts for the lease and non-lease components as a single lease component. For equipment leases, such as vehicles and office equipment, the Company accounts for the lease and non-lease components separately.
Goodwill
Goodwill represents the difference between the purchase price of acquired businesses and the related fair value of the net assets acquired, which is accounted for by the acquisition method of accounting. The Company performs assessments of the carrying value of its goodwill at least annually and whenever events occur or circumstances indicate that a carrying amount of goodwill may not be recoverable. These circumstances include a significant change in business climate, attrition of key personnel, changes in financial condition or results of operations, prolonged decline in the Company’s stock price and market capitalization, competition, and other factors.
The goodwill impairment test compares the fair value of a reporting unit to its carrying amount, including goodwill. The Company operates five reporting units: Americas, Europe (which includes Africa), Asia Pacific (which includes the Middle East), On-Demand Talent and Heidrick Consulting. The fair value of each of the Company’s reporting units is determined using a discounted cash flow methodology. An impairment charge is recognized for the amount by which the carrying value of the reporting unit exceeds its fair value; however, the loss recognized is not to exceed the total amount of goodwill allocated to that reporting unit.
Recently Issued Financial Accounting Standards
In December 2023, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") No. 2023-09, "Income Taxes (Topic 740): Improvements to Income Tax Disclosures." The standard is intended to expand the disclosure requirements for income taxes, specifically related to the rate reconciliation and income taxes paid. The guidance is effective for annual periods beginning after December 15, 2024, with early adoption permitted. The Company is currently evaluating the impact of this guidance on its financial statements.
In November 2024, the FASB issued ASU No. 2024-03 "Income Statement—Reporting Comprehensive Income—Expense Disaggregation Disclosures (Subtopic 220-40)." The standard requires public companies to disclose, in the notes to financial statements, specified information about certain costs and expenses at each interim and annual reporting period. The amendment in this update is effective for annual reporting periods beginning after December 15, 2026, and interim reporting periods beginning after December 15, 2027. The Company is currently evaluating the impact of this guidance on its financial statements.
3. Revenue
Executive Search
Revenue is recognized as performance obligations are satisfied by transferring a good or service to a client. Generally, each executive search contract contains one performance obligation which is the process of identifying potentially qualified candidates for a specific client position. In most contracts, the transaction price includes both fixed and variable consideration. Fixed consideration is comprised of a retainer, equal to approximately one-third of the estimated first year compensation for the position to be filled, and indirect expenses, equal to a specified percentage of the retainer, as defined in the contract. The Company generally bills clients for the retainer and indirect expenses in one-third increments over a three-month period commencing in the month of a client’s acceptance of the contract. If actual compensation of a placed candidate exceeds the original compensation estimate, the Company is often authorized to bill the client for one-third of the excess compensation. The Company refers to this additional billing as uptick revenue. In most contracts, variable consideration is comprised of uptick revenue and direct expenses. The Company bills its clients for uptick revenue upon completion of the executive search, and direct expenses are billed as incurred.
The Company estimates uptick revenue at contract inception, based on a portfolio approach, utilizing the expected value method based on a historical analysis of uptick revenue realized in the Company’s geographic regions and industry practices, and initially records a contract’s uptick revenue in an amount that is probable not to result in a significant reversal of cumulative revenue recognized when the actual amount of uptick revenue for the contract is known. Differences between the estimated and actual amounts of variable consideration are recorded when known. The Company does not estimate revenue for direct expenses as it is not materially different than recognizing revenue as direct expenses are incurred.
Revenue from executive search engagement performance obligations is recognized over time as clients simultaneously receive and consume the benefits provided by the Company's performance. Revenue from executive search engagements is recognized over the expected average period of performance, in proportion to the estimated personnel time incurred to fulfill the obligations under the executive search contract. Revenue is generally recognized over a period of approximately six months.
The Company's executive search contracts contain a replacement guarantee which provides for an additional search to be completed, free of charge except for expense reimbursements, should the candidate presented by the Company be hired by the client and subsequently terminated by the client for performance reasons within a specified period of time. The replacement guarantee is an assurance warranty, which is not a performance obligation under the terms of the executive search contract, as the Company does not provide any services under the terms of the guarantee that transfer benefits to the client in excess of assuring that the identified candidate complies with the agreed-upon specifications. The Company accounts for the replacement guarantee under the relevant warranty guidance in Accounting Standards Codification 460 - Guarantees.
On-Demand Talent
The Company enters into contracts with clients that outline the general terms and conditions of the assignment to provide on-demand consultants for various types of consulting projects, which consultants may be independent contractors or temporary employees. The consideration the Company expects to receive under each contract is dependent on the time-based fees specified in the contract. Revenue from on-demand engagement performance obligations is recognized over time as clients simultaneously receive and consume the benefits provided by the Company's performance. The Company has applied the practical expedient to recognize revenue for these services in the amount to which the Company has a right to invoice the client, as this amount corresponds directly with the value provided to the client for the performance completed to date. For transactions where a third-party contractor is involved in providing the services to the client, the Company reports the revenue and the related direct costs on a gross basis as it has determined that it is the principal in the transaction. The Company is primarily responsible for fulfilling the promise to provide consulting services to its clients and the Company has discretion in establishing the prices charged to clients for the consulting services and is able to contractually obligate the independent service provider to deliver services and deliverables that the Company has agreed to provide to its clients.
Heidrick Consulting
Revenue is recognized as performance obligations are satisfied by transferring a good or service to a client. Heidrick Consulting enters into contracts with clients that outline the general terms and conditions of the assignment to provide succession planning, executive assessment, top team and board effectiveness and culture shaping programs. The consideration the Company expects to receive under each contract is generally fixed. Most of the Company's consulting contracts contain one performance obligation, which is the overall process of providing the consulting service requested by the client. The majority of our consulting revenue is recognized over time utilizing input methods. Revenue recognition over time for the majority of our consulting engagements is measured by total cost or time incurred as a percentage of the total estimated cost or time on the consulting engagement.
Contract Balances
Contract assets and liabilities are reported in a net position on a contract-by-contract basis at the end of each reporting period. Contract assets and liabilities are classified as current due to the nature of the Company's contracts, which are completed within one year. Contract assets are included within Other current assets on the Condensed Consolidated Balance Sheets.
Unbilled receivables: Unbilled receivables represents contract assets from revenue recognized over time in excess of the amount billed to the client and the amount billed to the client is solely dependent upon the passage of time. This amount includes revenue recognized in excess of billed Executive Search retainers, Heidrick Consulting fees, and On-Demand Talent fees.
Contract assets: Contract assets represent revenue recognized over time in excess of the amount billed to the client, and the amount billed to the client is not solely subject to the passage of time. This amount primarily includes revenue recognized for upticks and contingent placement fees in executive search contracts.
Deferred revenue: Contract liabilities consist of deferred revenue, which is equal to billings in excess of revenue recognized.
The following table outlines the changes in the contract asset and liability balances from December 31, 2024, to March 31, 2025:
| | | | | | | | | | | | | | | | | |
| March 31, 2025 | | December 31, 2024 | | Change |
Contract assets | | | | | |
Unbilled receivables, net | $ | 21,302 | | | $ | 17,610 | | | $ | 3,692 | |
Contract assets | 18,581 | | | 15,540 | | | 3,041 | |
Total contract assets | 39,883 | | | 33,150 | | | 6,733 | |
| | | | | |
Contract liabilities | | | | | |
Deferred revenue | $ | 55,957 | | | $ | 51,085 | | | $ | 4,872 | |
Contract assets were recorded within Current Assets - Other current assets in the Condensed Consolidated Balance Sheets at both March 31, 2025 and December 31, 2024.
During the three months ended March 31, 2025, the Company recognized revenue of $37.0 million that was included in the contract liabilities balance at the beginning of the period. The amount of revenue recognized during the three months ended March 31, 2025, from performance obligations partially satisfied in previous periods as a result of changes in the estimates of variable consideration was $11.4 million.
Each of the Company's contracts has an expected duration of one year or less. Accordingly, the Company has elected to utilize the available practical expedient related to the disclosure of the transaction price allocated to the remaining performance obligations under its contracts. The Company has also elected the available practical expedients related to adjusting for the effects of a significant financing component and the capitalization of contract acquisition costs. The Company charges and collects from its clients sales tax and value added taxes as required by certain jurisdictions. The Company has made an accounting policy election to exclude these items from the transaction price in its contracts.
4. Credit Losses
The Company is exposed to credit losses primarily through the provision of its executive search, consulting, and on-demand talent services. The Company’s expected credit loss allowance methodology for accounts receivable is developed using historical collection experience, current and future economic and market conditions and a review of the current status of clients' trade accounts receivables. Due to the short-term nature of such receivables, the estimate of the amount of accounts receivable that may not be collected is primarily based on historical loss-rate experience. When required, the Company adjusts the loss-rate methodology to account for current conditions and reasonable and supportable expectations of future economic and market conditions. The Company generally assesses future economic conditions for a period of sixty to ninety days, which corresponds with the contractual life of its accounts receivables. Additionally, specific allowance amounts are established to record the appropriate provision for clients that have a higher probability of default. The Company’s monitoring activities include timely account reconciliation, dispute resolution, payment confirmation, consideration of clients' financial condition and macroeconomic conditions. Balances are written off when determined to be uncollectible.
The activity in the allowance for credit losses on the Company's trade receivables is as follows:
| | | | | |
Balance at December 31, 2024 | $ | 7,296 | |
Provision for credit losses | 1,963 | |
Write-offs | (912) | |
Foreign currency translation | 86 | |
Balance at March 31, 2025 | $ | 8,433 | |
There were no investments with unrealized losses at March 31, 2025, and December 31, 2024.
5. Property and Equipment, net
The components of the Company’s property and equipment are as follows:
| | | | | | | | | | | | | | |
| | March 31, 2025 | | December 31, 2024 |
Leasehold improvements | | $ | 51,000 | | | $ | 49,744 | |
Office furniture, fixtures and equipment | | 14,926 | | | 14,384 | |
Computer equipment and software | | 49,593 | | | 47,649 | |
Property and equipment, gross | | 115,519 | | | 111,777 | |
Accumulated depreciation | | (63,581) | | | (60,092) | |
Property and equipment, net | | $ | 51,938 | | | $ | 51,685 | |
Depreciation expense for the three months ended March 31, 2025, and 2024, was $3.2 million and $2.5 million, respectively.
6. Leases
The Company's lease portfolio is comprised of operating leases for office space and equipment. The majority of the Company's leases include both lease and non-lease components, which the Company accounts for differently depending on the underlying class of asset. Certain of the Company's leases include one or more options to renew or terminate the lease at the Company's discretion. Generally, the renewal and termination options are not included in the right-of-use assets and lease liabilities as they are not reasonably certain of exercise. The Company regularly evaluates the renewal and termination options and, when they are reasonably certain of exercise, includes the renewal or termination option in the lease term.
As most of the Company's leases do not provide an implicit interest rate, the Company utilizes an incremental borrowing rate based on the information available at the commencement date of the lease in determining the present value of lease payments. The Company has a centrally managed treasury function and, therefore, a portfolio approach is applied in determining the incremental borrowing rate. The incremental borrowing rate is the rate of interest that the Company would have to pay to borrow on a fully collateralized basis over a similar term in an amount equal to the total lease payments in a similar economic environment.
As of March 31, 2025, office leases have remaining lease terms that range from less than one year to 10.9 years, some of which also include options to extend or terminate the lease. Most office leases contain both fixed and variable lease payments. Variable lease costs consist primarily of rent escalations based on an established index or rate and taxes, insurance, and common area or other maintenance costs, which are paid based on actual costs incurred by the lessor. The Company has elected to utilize the available practical expedient to not separate lease and non-lease components for office leases.
As of March 31, 2025, equipment leases, which are comprised of vehicle and office equipment leases, have remaining terms that range from less than one year to 4.5 years, some of which also include options to extend or terminate the lease. The Company's equipment leases do not contain variable lease payments. The Company separates the lease and non-lease components for its equipment leases. Equipment leases do not comprise a significant portion of the Company's lease portfolio.
Lease cost components included within Operating expenses - General and administrative expenses in the Condensed Consolidated Statements of Comprehensive Income were as follows:
| | | | | | | | | | | | | | | | | | |
| | Three Months Ended March 31, | | |
| | 2025 | | 2024 | | | | |
Operating lease cost | | $ | 5,122 | | | $ | 5,637 | | | | | |
Variable lease cost | | 2,270 | | | $ | 2,455 | | | | | |
Total lease cost | | $ | 7,392 | | | $ | 8,092 | | | | | |
Supplemental cash flow information related to the Company's operating leases is as follows for the three months ended March 31:
| | | | | | | | | | | | | | |
| | 2025 | | 2024 |
Cash paid for amounts included in the measurement of lease liabilities: | | | | |
Operating cash flows from operating leases | | $ | 4,520 | | | $ | 5,539 | |
Right-of-use assets obtained in exchange for lease obligations: | | | | |
Operating leases | | $ | 967 | | | $ | 3,993 | |
The weighted average remaining lease term and weighted average discount rate for operating leases as of March 31, are as follows:
| | | | | | | | | | | | | | |
| | 2025 | | 2024 |
Weighted Average Remaining Lease Term | | | | |
Operating leases | | 7.5 years | | 7.3 years |
Weighted Average Discount Rate | | | | |
Operating leases | | 5.20 | % | | 4.92 | % |
The future maturities of the Company's operating lease liabilities as of March 31, 2025, for the years ended December 31, are as follows:
| | | | | |
| Operating Lease Maturity |
2025 | $ | 13,495 | |
2026 | 17,550 | |
2027 | 17,376 | |
2028 | 14,977 | |
2029 | 13,420 | |
Thereafter | 46,484 | |
Total lease payments | 123,302 | |
Less: Interest | 23,214 | |
Present value of lease liabilities | $ | 100,088 | |
7. Financial Instruments and Fair Value
Cash, Cash Equivalents and Marketable Securities
The Company's investments in marketable debt securities, which consist of U.S. Treasury bills, are classified and accounted for as available-for-sale. The Company classifies its marketable debt securities as either short-term or long-term based on each instrument's underlying contractual maturity date. Unrealized gains and losses on marketable debt securities classified as available-for-sale are recognized in Accumulated other comprehensive income (loss) in the Condensed Consolidated Balance Sheets until realized.
The Company's cash, cash equivalents, and marketable securities by significant investment category are as follows:
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | |
| Amortized Cost | | Unrealized Gains | | | | Fair Value | | Cash and Cash Equivalents | | Marketable Securities |
Balance at March 31, 2025 | | | | | | | | | | | |
Cash | | | | | | | | | $ | 179,237 | | | $ | — | |
| | | | | | | | | | | |
Level 1(1): | | | | | | | | | | | |
Money market funds | | | | | | | | | 32,707 | | | — | |
U.S. Treasury securities | $ | 112,700 | | | $ | 15 | | | | | $ | 112,715 | | | — | | | 112,715 | |
Total Level 1 | 112,700 | | | 15 | | | | | 112,715 | | | 32,707 | | | 112,715 | |
| | | | | | | | | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
Total | $ | 112,700 | | | $ | 15 | | | | | $ | 112,715 | | | $ | 211,944 | | | $ | 112,715 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | | | |
| Amortized Cost | | Unrealized Gains | | | | Fair Value | | Cash and Cash Equivalents | | Marketable Securities |
Balance at December 31, 2024 | | | | | | | | | | | |
Cash | | | | | | | | | $ | 256,638 | | | $ | — | |
| | | | | | | | | | | |
Level 1(1): | | | | | | | | | | | |
Money market funds | | | | | | | | | 36,781 | | | — | |
U.S. Treasury securities | $ | 270,050 | | | $ | 54 | | | | | $ | 270,104 | | | 222,208 | | | 47,896 | |
Total Level 1 | 270,050 | | | 54 | | | | | 270,104 | | | 258,989 | | | 47,896 | |
| | | | | | | | | | | |
Total | $ | 270,050 | | | $ | 54 | | | | | $ | 270,104 | | | $ | 515,627 | | | $ | 47,896 | |
(1)Level 1 – Quoted prices in active markets for identical assets and liabilities.
Investments, Assets Designated for Retirement and Pension Plans and Associated Liabilities
The Company has a U.S. non-qualified deferred compensation plan that consists primarily of U.S. marketable securities and mutual funds. The aggregate cost basis for these investments was $52.0 million and $45.3 million as of March 31, 2025, and December 31, 2024, respectively.
The Company also maintains a pension plan for certain current and former employees in Germany. The pensions are individually fixed Euro amounts that vary depending on the function and the eligible years of service of the employee. The Company’s investment strategy is to support its pension obligations through reinsurance contracts. The BaFin—German Federal Financial Supervisory Authority—supervises the insurance companies and the reinsurance contracts. The BaFin requires each reinsurance contract to guarantee a fixed minimum return. The Company’s pension benefits are fully reinsured by group insurance contracts with ERGO Lebensversicherung AG, and the group insurance contracts are measured in accordance with BaFin guidelines (including mortality tables and discount rates) which are considered Level 2 inputs.
The following tables provide a summary of the fair value measurements for each major category of investments, assets designated for retirement and pension plans and associated liabilities measured at fair value:
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | | Balance Sheet Classification |
| | | | Current Assets | | | | Non-Current Assets | | Current Liabilities | | Non-current Liabilities |
| | Fair Value | | Other Current Assets | | | | Assets Designated for Retirement and Pension Plans | | Investments | | Other Current Liabilities | | Retirement and Pension Plans |
Balance at March 31, 2025 | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | |
Measured on a recurring basis: | | | | | | | | | | | | | | |
Level 1(1): | | | | | | | | | | | | | | |
U.S. non-qualified deferred compensation plan | | $ | 64,434 | | | $ | — | | | | | $ | — | | | $ | 64,434 | | | $ | — | | | $ | — | |
| | | | | | | | | | | | | | |
Level 2(2): | | | | | | | | | | | | | | |
Retirement and pension plan assets | | 11,611 | | | 1,187 | | | | | 10,424 | | | — | | | — | | | — | |
Pension benefit obligation | | (12,961) | | | — | | | | | — | | | — | | | (1,187) | | | (11,774) | |
| | | | | | | | | | | | | | |
Total Level 2 | | (1,350) | | | 1,187 | | | | | 10,424 | | | — | | | (1,187) | | | (11,774) | |
| | | | | | | | | | | | | | |
| | | | | | | | | | | | | | |
| | | | | | | | | | | | | | |
| | | | | | | | | | | | | | |
| | | | | | | | | | | | | | |
Total | | $ | 63,084 | | | $ | 1,187 | | | | | $ | 10,424 | | | $ | 64,434 | | | $ | (1,187) | | | $ | (11,774) | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | Balance Sheet Classification |
| | | Current Assets | | | | Non-Current Assets | | Current Liabilities | | Non-current Liabilities |
| Fair Value | | Other Current Assets | | | | Assets Designated for Retirement and Pension Plans | | Investments | | Other Current Liabilities | | Retirement and Pension Plans |
Balance at December 31, 2024 | | | | | | | | | | | | | |
| | | | | | | | | | | | | |
Measured on a recurring basis: | | | | | | | | | | | | | |
Level 1(1): | | | | | | | | | | | | | |
U.S. non-qualified deferred compensation plan | $ | 58,290 | | | $ | — | | | | | $ | — | | | $ | 58,290 | | | $ | — | | | $ | — | |
| | | | | | | | | | | | | |
Level 2(2): | | | | | | | | | | | | | |
Retirement and pension plan assets | 11,112 | | | 1,136 | | | | | 9,976 | | | — | | | — | | | — | |
Pension benefit obligation | (12,404) | | | — | | | | | — | | | — | | | (1,136) | | | (11,268) | |
Total Level 2 | (1,292) | | | 1,136 | | | | | 9,976 | | | — | | | (1,136) | | | (11,268) | |
| | | | | | | | | | | | | |
| | | | | | | | | | | | | |
| | | | | | | | | | | | | |
| | | | | | | | | | | | | |
| | | | | | | | | | | | | |
Total | $ | 56,998 | | | $ | 1,136 | | | | | $ | 9,976 | | | $ | 58,290 | | | $ | (1,136) | | | $ | (11,268) | |
(1)Level 1 – Quoted prices in active markets for identical assets and liabilities.
(2)Level 2 – Quoted prices in active markets for similar assets and liabilities, or other inputs that are observable for the asset or liability, either directly or indirectly, for substantially the full term of the financial instrument.
Contingent Consideration and Compensation
The former owners of certain of the Company's acquired businesses are eligible to receive additional cash consideration based on the attainment of certain operating metrics in the periods subsequent to acquisition. Contingent consideration and compensation are valued using significant inputs that are not observable in the market, which are defined as Level 3 inputs pursuant to fair value measurement accounting.
The following table provides a reconciliation of the beginning and ending balance of Level 3 liabilities for the three months ended March 31, 2025:
| | | | | | | | | | | | | | | | |
| | | | Earnout | | Contingent Compensation |
Balance at December 31, 2024 | | | | $ | (38,648) | | | $ | (22,901) | |
| | | | | | |
Earnout accretion | | | | (481) | | | — | |
Compensation expense | | | | — | | | (2,821) | |
Fair value adjustment | | | | (942) | | | — | |
Payments | | | | — | | | 4,847 | |
Foreign currency translation | | | | (1,697) | | | (775) | |
| | | | | | |
Balance at March 31, 2025 | | | | $ | (41,768) | | | $ | (21,650) | |
Earnout accruals of $41.8 million were recorded within Current liabilities - Other current liabilities as of March 31, 2025, and earnout accruals of $38.6 million were recorded within Non-current liabilities - Other non-current liabilities as of December 31, 2024. Contingent compensation accruals of $21.7 million and $4.9 million are recorded within Current liabilities - Accrued salaries and benefits as of March 31, 2025, and December 31, 2024, respectively, and contingent compensation accruals of $18.0 million are recorded within Non-current liabilities - Accrued salaries and benefits as of December 31, 2024.
Other Investments
The Company holds an equity investment that does not have a readily determinable fair value for which the Company uses the measurement alternative prescribed in FASB Accounting Standards Codification Topic 321, Investments-Equity Securities. As of March 31, 2025 and December 31, 2024, the Company held the equity investment under the measurement alternative of $11.0 million which is presented in Other non-current assets in the Condensed Consolidated Balance Sheets. There were no impairments or changes resulting from observable transactions for these investments in the three months ended March 31, 2025 and no adjustments have been made to the carrying values as of March 31, 2025.
8. Goodwill and Other Intangible Assets
Goodwill
The Company's goodwill by segment (for the segments that had recorded goodwill) is as follows:
| | | | | | | | | | | | | | |
| | March 31, 2025 | | December 31, 2024 |
Executive Search | | | | |
Americas | | $ | 90,977 | | | $ | 90,740 | |
Europe | | 1,463 | | | 1,463 | |
| | | | |
Total Executive Search | | 92,440 | | | 92,203 | |
On-Demand Talent | | 106,485 | | | 105,136 | |
Heidrick Consulting | | 7,246 | | | 7,246 | |
Goodwill, gross | | 206,171 | | | 204,585 | |
Accumulated impairment | | (66,724) | | | (66,724) | |
Total goodwill | | $ | 139,447 | | | $ | 137,861 | |
Changes in the carrying amount of goodwill by segment (for the segments that had recorded goodwill) for the three months ended March 31, 2025, are as follows:
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Executive Search | | On-Demand Talent | | Heidrick Consulting | | |
| Americas | | Europe | | | | | | Total |
Goodwill | $ | 90,740 | | | $ | 1,463 | | | | | $ | 105,136 | | | $ | 7,246 | | | $ | 204,585 | |
Accumulated impairment losses | — | | | (1,463) | | | | | (58,015) | | | (7,246) | | | (66,724) | |
Balance at December 31, 2024 | 90,740 | | | — | | | | | 47,121 | | | — | | | 137,861 | |
| | | | | | | | | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
Foreign currency translation | 237 | | | — | | | | | 1,349 | | | — | | | 1,586 | |
| | | | | | | | | | | |
Goodwill | 90,977 | | | 1,463 | | | | | 106,485 | | | 7,246 | | | 206,171 | |
Accumulated impairment losses | — | | | (1,463) | | | | | (58,015) | | | (7,246) | | | (66,724) | |
Balance at March 31, 2025 | $ | 90,977 | | | $ | — | | | | | $ | 48,470 | | | $ | — | | | $ | 139,447 | |
Other Intangible Assets, net
The Company’s other intangible assets, net by segment, are as follows:
| | | | | | | | | | | | | | |
| | March 31, 2025 | | December 31, 2024 |
Executive Search | | | | |
Americas | | $ | 4 | | | $ | 5 | |
Europe | | 29 | | | 37 | |
| | | | |
Total Executive Search | | 33 | | | 42 | |
On-Demand Talent | | 9,636 | | | 10,592 | |
Heidrick Consulting | | 1,635 | | | 1,849 | |
Total other intangible assets, net | | $ | 11,304 | | | $ | 12,483 | |
The carrying amount of amortizable intangible assets and the related accumulated amortization are as follows:
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Weighted Average Life (Years) | | March 31, 2025 | | December 31, 2024 |
| Gross Carrying Amount | | Accumulated Amortization | | Net Carrying Amount | | Gross Carrying Amount | | Accumulated Amortization | | Net Carrying Amount |
Client relationships | 10.7 | | $ | 25,970 | | | $ | (16,773) | | | $ | 9,197 | | | $ | 25,188 | | | $ | (15,371) | | | $ | 9,817 | |
Trade name | 3.0 | | 4,979 | | | (4,374) | | | 605 | | | 4,836 | | | (4,039) | | | 797 | |
Software | 3.0 | | 8,517 | | | (7,015) | | | 1,502 | | | 8,285 | | | (6,416) | | | 1,869 | |
Total intangible assets | 9.2 | | $ | 39,466 | | | $ | (28,162) | | | $ | 11,304 | | | $ | 38,309 | | | $ | (25,826) | | | $ | 12,483 | |
Intangible asset amortization expense for the three months ended March 31, 2025, and 2024, was $1.7 million and $2.3 million, respectively.
The Company's estimated future amortization expense related to intangible assets as of March 31, 2025, for the following years ended December 31, is as follows:
| | | | | |
2025 | $ | 4,285 | |
2026 | 2,500 | |
2027 | 1,520 | |
2028 | 890 | |
2029 | 642 | |
Thereafter | 1,467 | |
Total | $ | 11,304 | |
9. Other Current and Non-current Assets and Liabilities
The components of other current assets are as follows:
| | | | | | | | | | | |
| March 31, 2025 | | December 31, 2024 |
Contract assets | $ | 39,883 | | | $ | 33,150 | |
Other | 7,538 | | | 6,785 | |
Total other current assets | $ | 47,421 | | | $ | 39,935 | |
The components of other current liabilities are as follows:
| | | | | | | | | | | |
| March 31, 2025 | | December 31, 2024 |
Earnout liability | $ | 41,768 | | | $ | — | |
Other | 23,101 | | | 21,369 | |
Total other current liabilities | $ | 64,869 | | | $ | 21,369 | |
The components of other non-current liabilities are as follows:
| | | | | | | | | | | |
| March 31, 2025 | | December 31, 2024 |
Earnout liability | $ | — | | | $ | 38,648 | |
Other | 4,318 | | | 4,257 | |
Total other non-current liabilities | $ | 4,318 | | | $ | 42,905 | |
10. Line of Credit
On March 17, 2025, the Company entered into the Third Amendment (the “Third Amendment”) to the Credit Agreement, dated as of October 26, 2018 (the “Credit Agreement” and, as amended by the First Amendment to Credit Agreement, dated as of July 13, 2021, and the Second Amendment, dates as of February 24, 2023, the "Amended Credit Agreement") by and among the Company, Bank of America, N.A., as administrative agent, and the lenders party thereto. The Third Amendment provides that Lenders (as defined in the Third Amendment) will make available to the Borrowers (as defined in the Third Amendment) a committed revolving credit facility in an aggregate amount of $100 million, which includes a sublimit of $25 million for letters of credit and a sublimit of $10 million for swingline loans, with a $75 million expansion feature (collectively, the “Facility”). The Amended Credit Agreement matures on March 17, 2030, extended from July 13, 2026.
Borrowings under the Credit Agreement may be used for working capital, capital expenditures, permitted acquisitions, restricted payments and for other general corporate purposes of the Company and its subsidiaries. The obligations under the Credit Agreement are guaranteed by certain of the Company’s subsidiaries and from time to time may be secured by equity interests in certain of the Company’s subsidiaries.
As of March 31, 2025, and December 31, 2024, the Company had no outstanding borrowings. As of such dates, the Company was in compliance with the financial and other covenants under the Amended Credit Agreement and no event of default existed.
11. Stock-Based Compensation and Common Stock
On May 23, 2024, the stockholders of the Company approved an amendment and restatement of the Company's Fourth Amended and Restated 2012 Heidrick & Struggles GlobalShare Program (as so amended and restated, the "Fifth A&R Program") to increase the number of shares of common stock reserved for issuance under the plan by 649,000 shares, among other things. The Fifth A&R Program provides for grants of stock options, stock appreciation rights, restricted stock units, performance stock units, and other stock-based compensation awards that are valued based upon the grant date fair value of the awards. These awards may be granted to directors, selected employees and independent contractors.
As of March 31, 2025, 5,123,002 awards have been issued under the Fifth A&R Program, including 936,805 forfeited awards, and 719,364 shares remain available for future awards assuming performance stock units vest at maximum levels. The
Fifth A&R Program provides that no awards can be granted after the first annual meeting of the Company's stockholders to occur on or after May 23, 2034.
The Company measures its stock-based compensation costs based on the grant date fair value of the awards and recognizes these costs over the requisite service period.
A summary of information with respect to stock-based compensation is as follows:
| | | | | | | | | | | | | | | |
| Three Months Ended March 31, | | |
| 2025 | | 2024 | | | | |
Salaries and benefits (1) | $ | 2,614 | | | $ | 3,441 | | | | | |
| | | | | | | |
Income tax benefit related to stock-based compensation included in net income | 711 | | | 949 | | | | | |
(1) Includes $0.1 million and $0.8 million of expense related to cash-settled restricted stock units for the three months ended March 31, 2025, and 2024.
Restricted Stock Units
Restricted stock units granted to employees are subject to ratable vesting over a three-year or four-year period dependent upon the terms of the individual grant. Compensation expense related to service-based restricted stock units is recognized on a straight-line basis over the vesting period.
Non-employee members of the Board of Directors may elect to receive restricted stock units or shares of common stock annually pursuant to the Fifth A&R Program as part of their annual compensation. Based on their respective elections, the Company issued no restricted stock units for services provided by the non-employee directors during the three months ended March 31, 2025, and 2024, respectively. Restricted stock units issued to non-employee directors remain unvested until the respective non-employee directors retire from the Board of Directors.
Restricted stock unit activity for the three months ended March 31, 2025, is as follows:
| | | | | | | | | | | |
| Number of Restricted Stock Units | | Weighted- Average Grant-Date Fair Value |
Outstanding on December 31, 2024 | 675,411 | | | $ | 31.85 | |
Granted | 185,594 | | | 46.27 | |
Vested and converted to common stock | (115,069) | | | 35.26 | |
Forfeited | (19,617) | | | 30.67 | |
Outstanding on March 31, 2025 | 726,319 | | | $ | 35.02 | |
As of March 31, 2025, there was $14.3 million of pre-tax unrecognized compensation expense related to unvested restricted stock units, which is expected to be recognized over a weighted average of 2.5 years.
Performance Stock Units
The Company grants performance stock units to certain of its senior executives. The majority of performance stock units are subject to cliff vesting at the end of a three-year period. The vesting will vary between 0% and 200% based on the attainment of certain performance and market conditions over the three-year vesting period. For the majority of granted performance stock units, half of the award is based on the achievement of adjusted operating margin or Adjusted EBITDA margin thresholds and half of the award is based on the Company's total shareholder return, relative to a peer group. The fair value of the awards subject to total shareholder return metrics is determined using a Monte Carlo simulation model. A Monte Carlo simulation model uses stock price volatility and other variables to estimate the probability of satisfying the performance conditions and the resulting fair value of the award. The performance stock units are expensed on a straight-line basis over the three-year vesting period.
Certain of the Company's senior executives are granted performance stock units that are subject to ratable vesting over a four-year period. The vesting will vary between 0% and 100% of the shares subject to the performance stock units based on the
attainment of specified stock price hurdles over the vesting period. The fair value of the awards subject to such stock price hurdles is determined using the Monte Carlo simulation model. The performance stock units are expensed on a straight-line basis over the derived service period, which ranges from one to four-years.
Performance stock unit activity for the three months ended March 31, 2025, is as follows:
| | | | | | | | | | | |
| Number of Performance Stock Units | | Weighted- Average Grant-Date Fair Value |
Outstanding on December 31, 2024 | 353,076 | | | $ | 34.17 | |
Granted | 132,944 | | | 53.37 | |
Vested and converted to common stock | (160,636) | | | 43.57 | |
Forfeited | (687) | | | 27.82 | |
Outstanding on March 31, 2025 | 324,697 | | | $ | 37.40 | |
As of March 31, 2025, there was $8.7 million of pre-tax unrecognized compensation expense related to unvested performance stock units, which is expected to be recognized over a weighted average of 2.5 years.
Phantom Stock Units
Phantom stock units are grants of phantom stock with respect to shares of the Company's common stock that are settled in cash and are subject to various restrictions, including restrictions on transferability, vesting and forfeiture provisions. Shares of phantom stock that do not vest for any reason will be forfeited by the recipient and will revert to the Company.
Phantom stock units are subject to vesting over a three-year or four-year period, and such vesting is subject to certain other conditions, including continued service to the Company. As a result of the cash-settlement feature of the awards, the Company classifies the awards as liability awards, which are measured at fair value at each reporting date and the vested portion of the award is recognized as a liability to the extent that the service condition is deemed probable. The fair value of the phantom stock awards on the balance sheet date is determined using the closing share price of the Company's common stock on that date.
The Company recorded phantom stock-based compensation expense of $0.1 million and $0.8 million related to cash-settled restricted stock units for the three months ended March 31, 2025, and 2024.
Phantom stock unit activity for the three months ended March 31, 2025, is as follows:
| | | | | |
| Number of Phantom Stock Units |
Outstanding on December 31, 2024 | 131,177 | |
Granted | 22,049 | |
Vested | — | |
Forfeited | (1,312) | |
Outstanding on March 31, 2025 | 151,914 | |
As of March 31, 2025, there was $1.8 million of pre-tax unrecognized compensation expense related to unvested phantom stock units, which is expected to be recognized over a weighted average of 2.4 years.
Common Stock
Non-employee members of the Board of Directors may elect to receive restricted stock units or shares of common stock annually pursuant to the Fifth A&R Program as part of their annual compensation, which is typically issued in the second quarter each year. The Company issued no shares of common stock for services provided by the non-employee directors during the three months ended March 31, 2025, and 2024, respectively.
On February 11, 2008, the Company's Board of Directors authorized management to repurchase shares of the Company's common stock with an aggregate purchase price of up to $50.0 million (the "Repurchase Authorization"). From time to time and as business conditions warrant, the Company may purchase shares of its common stock on the open market or in negotiated or block trades. No time limit has been set for completion of this program. There were no repurchases of common stock in 2025
and 2024. Prior to 2024, the most recent purchase of the Company's shares of common stock occurred during the year ended December 31, 2023 when the Company purchased 36,000 shares of common stock for $0.9 million. As of March 31, 2025, the Company has purchased 1,074,670 shares of its common stock pursuant to the Repurchase Authorization for a total of $29.2 million and $20.8 million remains available for future purchases under the Repurchase Authorization.
12. Restructuring
During the year ended December 31, 2024, the Company implemented a restructuring plan (the "2024 Plan") to optimize future growth and profitability through a workforce reduction. The Company did not incur any such charges related to the implementation of the 2024 Plan during the three months ended March 31, 2025.
Restructuring charges incurred to date for the 2024 Plan by type of charge and reportable segment are as follows:
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Executive Search | | | | | | | | |
| Americas | | Europe | | Asia Pacific | | On-Demand Talent | | Heidrick Consulting | | Global Operations Support | | Total |
Employee related | $ | 1,277 | | | $ | 876 | | | $ | 157 | | | $ | 286 | | | $ | 3,367 | | | $ | 976 | | | $ | 6,939 | |
| | | | | | | | | | | | | |
Changes in the restructuring accrual for the three months ended March 31, 2025, were as follows:
| | | | | | | | | | | | | | |
| | Employee Related | | | | | | |
| | | | | | | | |
| | | | | | | | |
| | | | | | | | |
| | | | | | | | |
| | | | | | | | |
| | | | | | | | |
| | | | | | | | |
| | | | | | | | |
| | | | | | | | |
| | | | | | | | |
| | | | | | | | |
| | | | | | | | |
| | | | | | | | |
| | | | | | | | |
| | | | | | | | |
| | | | | | | | |
| | | | | | | | |
| | | | | | | | |
| | | | | | | | |
| | | | | | | | |
| | | | | | | | |
| | | | | | | | |
| | | | | | | | |
| | | | | | | | |
| | | | | | | | |
| | | | | | | | |
| | | | | | | | |
| | | | | | | | |
| | | | | | | | |
Accrual balance at December 31, 2024 | | 2,506 | | | | | | | |
| | | | | | | | |
Cash payments | | (964) | | | | | | | |
| | | | | | | | |
| | | | | | | | |
| | | | | | | | |
Accrual balance at March 31, 2025 | | $ | 1,542 | | | | | | | |
Restructuring accruals are recorded within current Accrued salaries and benefits in the Consolidated Balance Sheets as of March 31, 2025.
13. Income Taxes
The Company reported income before taxes of $17.6 million and an income tax provision of $4.3 million for the three months ended March 31, 2025. The Company reported income before taxes of $22.9 million and an income tax provision of $8.9 million for the three months ended March 31, 2024. The effective tax rates for the three months ended March 31, 2025, and 2024, were 24.5% and 38.8%, respectively. The effective tax rates for the three months ended March 31, 2025, and 2024, were impacted by the mix of income and the tax effect on discrete items.
14. Changes in Accumulated Other Comprehensive Income (Loss)
The changes in Accumulated other comprehensive income (loss) (“AOCI”) by component for the three months ended March 31, 2025, are as follows:
| | | | | | | | | | | | | | | | | | | | | | | | | | |
| | Available- for- Sale Securities | | Foreign Currency Translation | | Pension | | AOCI |
Balance at December 31, 2024 | | $ | 53 | | | $ | (13,770) | | | $ | (328) | | | $ | (14,045) | |
Other comprehensive income (loss) before reclassification, net of tax | | (39) | | | 2,541 | | | — | | | 2,502 | |
Balance at March 31, 2025 | | $ | 14 | | | $ | (11,229) | | | $ | (328) | | | $ | (11,543) | |
15. Segment Information
The Company has five operating segments. The Executive Search business operates in the Americas, Europe (which includes Africa) and Asia Pacific (which includes the Middle East), and the Heidrick Consulting and On-Demand Talent businesses operate globally. The Company's operating segments are based on the organizational structure for which financial results are regularly reviewed by our chief operating decision-maker to evaluate performance and allocate resources.
Executive Search partners with our clients - respected organizations across the globe - to help them build and sustain the best leadership teams in the world, with a specialized focus on the placement of top-level senior executives.
On-Demand Talent provides clients seamless on-demand access to top independent talent, including professionals with deep industry and functional expertise for interim leadership roles and critical, project-based initiatives.
Heidrick Consulting partners with organizations to unlock the power of their people. The Company's tools and experts use data and technology designed to bring science to the art of human capital development and organizational design. Our services allow our clients to accelerate their strategies and the effectiveness of individual leaders, teams and organizations as a whole.
The Company's chief operating decision-maker is its Chief Executive Officer. The Company evaluates performance and allocates resources based on the review of the chief operating decision make ("CODM") of (1) net revenue and (2) net income before interest, taxes, depreciation and amortization, as adjusted, to the extent they occur, for earnout accretion, earnout fair value adjustments, contingent compensation, deferred compensation plan income or expense, certain reorganization costs, impairment charges and restructuring charges ("Adjusted EBITDA"). Adjusted EBITDA margin is defined as Adjusted EBITDA as a percentage of net revenue in the same period. The CODM considers actual to historical, actual to budgeted, and actual to forecasted results and variances on a monthly basis using net revenue and Adjusted EBITDA when making decisions about allocating resources to the segments and assessing performance. The CODM is not provided asset information by reportable segment.
Adjusted EBITDA and Adjusted EBITDA margin are non-GAAP (as defined below) financial measures. The following table presents a reconciliation of net income to Adjusted EBITDA and Adjusted EBITDA margin:
| | | | | | | | | | | | | | | | | | |
| | Three Months Ended March 31, | | |
| | 2025 | | 2024 | | | | |
Revenue before reimbursements (net revenue) | | $ | 283,578 | | | $ | 265,197 | | | | | |
| | | | | | | | |
Net income | | 13,306 | | | 14,032 | | | | | |
Interest, net | | (3,955) | | | (4,086) | | | | | |
Other, net | | 2,566 | | | (2,571) | | | | | |
Provision for income taxes | | 4,311 | | | 8,899 | | | | | |
Operating income | | 16,228 | | | 16,274 | | | | | |
| | | | | | | | |
Adjustments | | | | | | | | |
Depreciation | | 3,179 | | | 2,493 | | | | | |
Intangible amortization | | 1,668 | | | 2,297 | | | | | |
Earnout accretion | | 481 | | | 466 | | | | | |
Earnout fair value adjustments | | 942 | | | — | | | | | |
Acquisition contingent consideration | | 2,821 | | | 1,988 | | | | | |
Deferred compensation plan | | (358) | | | 2,350 | | | | | |
Reorganization costs | | 4,161 | | | — | | | | | |
| | | | | | | | |
| | | | | | | | |
Total adjustments | | 12,894 | | | 9,594 | | | | | |
| | | | | | | | |
Adjusted EBITDA | | $ | 29,122 | | | $ | 25,868 | | | | | |
Adjusted EBITDA margin | | 10.3 | % | | 9.8 | % | | | | |
The following tables present our segment information, including significant segment expenses, for the three months ended March 31, 2025, and 2024:
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Three Months ended March 31, 2025 |
| Executive Search | | | | | | |
| Americas | | Europe | | Asia Pacific | | On-Demand Talent | | Heidrick Consulting | | Total |
Revenue | | | | | | | | | | | |
Revenue before reimbursements | $ | 144,404 | | | $ | 45,391 | | | $ | 23,595 | | | $ | 42,564 | | | $ | 27,624 | | | $ | 283,578 | |
Reimbursements | | | | | | | | | | | 3,864 | |
Total revenue | | | | | | | | | | | 287,442 | |
| | | | | | | | | | | |
Operating Expenses | | | | | | | | | | | |
Salaries and benefits (1) | 90,093 | | | 32,489 | | | 16,817 | | | 11,598 | | | 21,635 | | | 172,632 | |
General and administrative (2) | 10,089 | | | 7,860 | | | 3,743 | | | 3,741 | | | 4,851 | | | 30,284 | |
Cost of services | — | | | — | | | — | | | 26,825 | | | 3,234 | | | 30,059 | |
Total segment operating expenses | 100,182 | | | 40,349 | | | 20,560 | | | 42,164 | | | 29,720 | | | 232,975 | |
| | | | | | | | | | | |
Segment Adjusted EBITDA | 44,222 | | | 5,042 | | | 3,035 | | | 400 | | | (2,096) | | | 50,603 | |
| | | | | | | | | | | |
Reconciling Items | | | | | | | | | | | |
Research and development expenses (3) | — | | | — | | | — | | | — | | | — | | | 4,624 | |
Global Operations Support expenses (3) | — | | | — | | | — | | | — | | | — | | | 16,857 | |
Total reconciling expenses | — | | | — | | | — | | | — | | | — | | | 21,481 | |
| | | | | | | | | | | |
Adjusted EBITDA | $ | 44,222 | | | $ | 5,042 | | | $ | 3,035 | | | $ | 400 | | | $ | (2,096) | | | $ | 29,122 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Three Months ended March 31, 2024 |
| Executive Search | | | | | | |
| Americas | | Europe | | Asia Pacific | | On-Demand Talent | | Heidrick Consulting | | Total |
Revenue | | | | | | | | | | | |
Revenue before reimbursements | $ | 136,679 | | | 41,481 | | | 23,321 | | | 37,857 | | | 25,859 | | | $ | 265,197 | |
Reimbursements | | | | | | | | | | | 3,901 | |
Total revenue | | | | | | | | | | | 269,098 | |
| | | | | | | | | | | |
Operating Expenses | | | | | | | | | | | |
Salaries and benefits (1) | 84,026 | | | 30,254 | | | 16,192 | | | 11,593 | | | 18,884 | | | 160,949 | |
General and administrative (2) | 10,782 | | | 7,874 | | | 3,934 | | | 3,095 | | | 5,660 | | | 31,345 | |
Cost of services | — | | | — | | | — | | | 24,090 | | | 3,342 | | | 27,432 | |
Total segment operating expenses | 94,808 | | | 38,128 | | | 20,126 | | | 38,778 | | | 27,886 | | | 219,726 | |
| | | | | | | | | | | |
Segment Adjusted EBITDA | 41,871 | | | 3,353 | | | 3,195 | | | (921) | | | (2,027) | | | 45,471 | |
| | | | | | | | | | | |
Reconciling Items | | | | | | | | | | | |
Research and development expenses (3) | — | | | — | | | — | | | — | | | — | | | 4,925 | |
Global Operations Support expenses (3) | — | | | — | | | — | | | — | | | — | | | 14,678 | |
Total reconciling expenses | — | | | — | | | — | | | — | | | — | | | 19,603 | |
| | | | | | | | | | | |
Adjusted EBITDA | $ | 41,871 | | | $ | 3,353 | | | $ | 3,195 | | | $ | (921) | | | $ | (2,027) | | | $ | 25,868 | |
(1) Includes base salaries, payroll taxes, retirement benefits, separation and stock-based compensation. Excludes contingent compensation, deferred compensation plan income or expense and reorganization costs as these income/expense items are not included within the Company's measure of segment profitability.
(2) Includes professional fees, business development travel, information technology, communication services, marketing, taxes and licenses, temporary labor, bad debt, and other operating expenses. Excludes depreciation, intangible amortization, earnout accretion and earnout fair value adjustments as these income/expense items are not included within the Company's measure of segment profitability.
(3) Excludes depreciation expense and deferred compensation plan income expense as these income/expense items are not included within the Company's measure of segment profitability.
Depreciation and amortization, and capital expenditures, by segment, are as follows:
| | | | | | | | | | | | | | |
| | Three Months Ended March 31, |
| | 2025 | | 2024 |
| | | | |
| | | | |
| | | | |
| | | | |
| | | | |
| | | | |
| | | | |
| | | | |
| | | | |
| | | | |
| | | | |
| | | | |
| | | | |
| | | | |
| | | | |
| | | | |
| | | | |
| | | | |
| | | | |
| | | | |
| | | | |
| | | | |
| | | | |
| | | | |
| | | | |
Depreciation and amortization | | | | |
Executive Search | | | | |
Americas | | $ | 523 | | | $ | 761 | |
Europe | | 421 | | | 295 | |
Asia Pacific | | 243 | | | 202 | |
Total Executive Search | | 1,187 | | | 1,258 | |
On-Demand Talent | | 1,498 | | | 1,966 | |
Heidrick Consulting | | 575 | | | 642 | |
Total segments | | 3,260 | | | 3,866 | |
Research and development | | 1,437 | | | 754 | |
Global Operations Support | | 150 | | | 170 | |
Total depreciation and amortization | | $ | 4,847 | | | $ | 4,790 | |
| | | | |
Capital expenditures | | | | |
Executive Search | | | | |
Americas | | $ | 386 | | | $ | 513 | |
Europe | | 395 | | | 1,969 | |
Asia Pacific | | 72 | | | 425 | |
Total Executive Search | | 853 | | | 2,907 | |
On-Demand Talent | | 71 | | | 217 | |
Heidrick Consulting | | 109 | | | 828 | |
Total segments | | 1,033 | | | 3,952 | |
Research and development | | 1,625 | | | 1,839 | |
Global Operations Support | | 76 | | | 382 | |
Total capital expenditures | | $ | 2,734 | | | $ | 6,173 | |
16. Guarantees
The Company has utilized letters of credit to support certain obligations, primarily for its office lease agreements. The letters of credit were made to secure the respective agreements and are for the terms of the agreements, which extend through 2034. For each letter of credit issued, the Company would have to use cash to fulfill the obligation if there is a default on a payment. The maximum amount of undiscounted payments the Company would be required to make in the event of default on all outstanding letters of credit is approximately $4.8 million as of March 31, 2025. The Company has not accrued for these arrangements as no event of default exists or is expected to exist.
17. Commitments and Contingencies
Litigation
The Company has contingent liabilities from various pending claims and litigation matters arising in the ordinary course of the Company’s business, some of which involve claims for damages that are substantial in amount. Some of these matters are covered in part by insurance. Based upon information currently available, the Company believes the ultimate resolution of such claims and litigation will not have a material adverse effect on its financial condition, results of operations or liquidity.
ITEM 2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS
Management’s Discussion and Analysis of Financial Condition and Results of Operations as well as other sections of this quarterly report on Form 10-Q contain forward-looking statements within the meaning of the federal securities laws, including expectations regarding the Company's One Heidrick strategy and associated investment initiatives. The Private Securities Litigation Reform Act of 1995 provides a safe harbor for forward-looking statements. Forward-looking statements are not historical facts or guarantees of future performance, but instead represent only our beliefs, assumptions, expectations, estimates, forecasts and projections regarding future events, many of which, by their nature, are inherently uncertain and outside our control. Forward-looking statements may be identified by the use of words such as “expects,” “anticipates,” “intends,” “plans,” “believes,” “seeks,” “estimates,” “outlook,” “projects,” “forecasts,” "aim," and similar expressions. These statements include statements other than historical information or statements of current condition and may relate to our future plans and objectives and results. By identifying these statements for you in this manner, we are alerting you to the possibility that our actual results and financial condition may differ, possibly materially, from the anticipated results and financial condition indicated in these forward-looking statements.
Factors that may cause actual outcomes and results to differ materially from what is expressed, forecasted or implied in the forward-looking statements include, among other things, our ability to attract, integrate, develop, manage, retain and motivate qualified consultants and senior leaders; our ability to prevent our consultants from taking our clients with them to another firm; our ability to maintain our professional reputation and brand name; our clients’ ability to restrict us from recruiting their employees; our heavy reliance on information management systems; risks arising from our implementation of new technology and intellectual property to deliver new products and services to our clients; our dependence on third parties for the execution of certain critical functions; the fact that we face the risk of liability in the services we perform; the fact that data security, data privacy and data protection laws and other evolving regulations and cross-border data transfer restrictions may limit the use of our services and adversely affect our business; any challenges to the classification of our on-demand talent as independent contractors; the fact that increased cybersecurity requirements, vulnerabilities, threats and more sophisticated and targeted cyber-related attacks could pose a risk to our systems, networks, solutions, services and data; the fact that our net revenue may be affected by adverse macroeconomic or labor market conditions, including impacts of inflation and effects of geopolitical instability; the aggressive competition we face; the impact of foreign currency exchange rate fluctuations; our ability to access additional credit; social, political, regulatory, legal and economic risks in markets where we operate, including the impact of the ongoing war in Ukraine, the conflict between Israel and Hamas and any broader regional conflict in the Middle East, the risks of an expansion or escalation of those conflicts and our ability to quickly and completely recover from any disruption to our business; the impact from actions by the U.S. presidential administration and Congress; unfavorable tax law changes and tax authority rulings; our ability to realize the benefit of our net deferred tax assets; the fact that we may not be able to align our cost structure with net revenue; any impairment of our goodwill, other intangible assets and other long-lived assets; our ability to maintain an effective system of disclosure controls and internal control over our financial reporting and produce accurate and timely financial statements; our ability to execute and integrate future acquisitions; and the fact that we have anti-takeover provisions that make an acquisition of us difficult and expensive. We caution the reader that the list of factors may not be exhaustive. For more information on the factors that could affect the outcome of forward-looking statements, refer to our Annual Report on Form 10-K for the year ended December 31, 2024, under the heading "Risk Factors" in Item 1A, and any subsequent Company filings with the Securities and Exchange Commission ("SEC"). We caution the reader that the list of factors may not be exhaustive. We undertake no obligation to update publicly any forward-looking statements, whether as a result of new information, future events or otherwise.
Executive Overview
Our Business. Heidrick & Struggles International, Inc. (the "Company," "we," "us," or "our") is a human capital leadership advisory firm providing executive search, consulting and on-demand talent services to businesses and business leaders worldwide to help them to improve the effectiveness of their leadership teams. We provide our services to a broad range of clients through the expertise of over 500 consultants located in major cities around the world. The Company and its predecessors have been leadership advisors for more than 70 years.
Our service offerings include the following:
Executive Search. We partner with our clients, respected organizations across the globe, to help them build and sustain the best leadership teams in the world, with a specialized focus on the placement of top-level senior executives. Through our unique relationship-based, data-driven approach, we help our clients find the right leaders, set them up for success, and accelerate their and their team’s performance.
We believe focusing on top-level senior executives offers several competitive advantages including access to and influence with key decision makers, increased potential for recurring search and consulting engagements, higher fees per search engagement, enhanced brand visibility, and a leveraged global footprint. Working at the top of client organizations also facilitates the attraction and retention of high-caliber consultants who desire to serve top industry executives and their leadership needs. Our executive search services derive revenue through the fees generated for each search engagement, which generally are based on the annual compensation for the placed executive. We provide our executive search services primarily on a retained basis.
We employ a global approach to executive search built on better insights, more data and faster decision making facilitated by the use of our Heidrick Leadership Framework and Heidrick Connect. Our Heidrick Leadership Framework allows clients to holistically evaluate a candidate's pivotal experience and expertise, leadership capabilities, agility and potential, and culture fit and impact, thereby allowing our clients to find the right person for the role. We supplement our Heidrick Leadership Framework through a series of additional online tools including our Leadership Accelerator, Leadership Signature and Culture Signature assessments. Heidrick Connect, a completely digital, always available client experience portal, allows our clients to access talent insights for each engagement, including the Heidrick Leadership Framework and other internally developed assessment tools. In response to working remotely, our Executive Search teams employed Heidrick Connect to operate effectively and efficiently while engaging virtually with our clients. Additionally, we have introduced upgrades to Heidrick Connect, resulting in greater flexibility, increased productivity and the ability to deliver more insights to our clients.
The executive search industry consists of several thousand executive search firms worldwide. Executive search firms are generally separated into two broad categories: retained search and contingency search. Retained executive search firms fulfill their clients’ senior leadership needs by identifying potentially qualified candidates and assisting clients in evaluating and assessing these candidates. Retained executive search firms generally are compensated for their services regardless of whether the client employs a candidate identified by the search firm and are generally retained on an exclusive basis. Typically, retained executive search firms are paid a retainer for their services equal to approximately one-third of the estimated first year compensation for the position to be filled. In addition, if the actual compensation of a placed candidate exceeds the estimated compensation, executive search firms often are authorized to bill the client for one-third of the excess. In contrast, contingency search firms are compensated only upon successfully placing a recommended candidate.
We are a retained executive search firm. Our search process typically consists of the following steps:
•Analyzing the client’s business needs in order to understand its organizational structure, relationships and culture, advising the client as to the required set of skills and experiences for the position, and identifying with the client the other characteristics desired of the successful candidate;
•Selecting, contacting, interviewing and evaluating candidates on the basis of experience and potential cultural fit with the client organization;
•Presenting confidential written reports on the candidates who potentially fit the position specification;
•Scheduling a mutually convenient meeting between the client and each candidate;
•Completing reference checks on the final candidate selected by the client; and
•Assisting the client in structuring compensation packages and supporting the successful candidate’s integration into the client team.
On-Demand Talent. Our on-demand talent services provide clients seamless on-demand access to top independent talent, including professionals with deep industry and functional expertise for interim leadership roles and critical, project-based initiatives. Our unique model delivers the right independent talent on demand by blending proprietary data and technology with a dedicated Talent Solutions team.
Heidrick Consulting. We partner with organizations through Heidrick Consulting to unlock the power of their people. Our tools and experts use data and technology designed to bring science to the art of human capital development and organizational design. Our services allow our clients to accelerate their strategies and the effectiveness of individual leaders, teams and organizations as a whole.
Heidrick Consulting offers our clients impactful approaches to human capital development through a myriad of solutions, ranging from leadership assessment and development, team and organization acceleration, digital acceleration and innovation,
diversity and inclusion advisory services, and culture shaping. Applying our deep understanding of the behaviors and attributes of leaders across many of the world’s premier companies, we guide our clients as they build a thriving culture of future-ready leadership. These premium services and offerings, which complement our Executive Search expertise, significantly contribute to our ability to deliver a full-service human capital consulting solution to our clients.
Our consulting services generate revenue primarily through the professional fees generated for each engagement which are generally based on the size of the project and scope of services. Our Heidrick Consulting teams have pivoted to create new digital solutions for Leadership Assessments, Team Acceleration, and Organization and Culture Acceleration that can be delivered virtually.
We also remain focused on expanding our revenue streams beyond our executive search business through the investment in the diversification of our product offerings, namely our One Heidrick strategy, and soon to include Heidrick Digital. Through these diversified solutions, we intend to meet our clients' growing talent and human capital needs by providing a more comprehensive suite of offerings.
Key Performance Indicators
We manage and assess our performance through various means, with primary financial and operational measures including net revenue, Adjusted EBITDA and Adjusted EBITDA margin. These non-GAAP financial measures should be considered in addition to, and not as a substitute for or superior to, any measure of performance prepared in accordance with United States generally accepted accounting principles ("GAAP"). Executive Search and Heidrick Consulting performance is also measured using consultant headcount. Specific to Executive Search, confirmed search (confirmation) trends, consultant productivity and average revenue per search are used to measure performance. Productivity is as measured by annualized Executive Search net revenue per consultant.
Revenue is driven by market conditions and a combination of the number of executive search engagements, consulting projects, on-demand projects and the average revenue per search or project. With the exception of compensation expense and cost of sales, incremental increases in revenue do not necessarily result in proportionate increases in costs, particularly operating and administrative expenses, thus creating the potential to improve Adjusted EBITDA and Adjusted EBITDA margin.
The number of consultants, confirmation trends, number of searches or projects completed, productivity levels and the average revenue per search or project will vary from quarter to quarter, affecting net revenue, Adjusted EBITDA and Adjusted EBITDA margin.
The Company evaluates performance and allocates resources based on the CODM’s review of (1) net revenue and (2) net income before interest, taxes, depreciation and amortization, as adjusted, to the extent they occur, for earnout accretion, earnout fair value adjustments, contingent compensation, deferred compensation plan income or expense, certain reorganization costs, impairment charges and restructuring charges, or Adjusted EBITDA. Adjusted EBITDA margin is defined as Adjusted EBITDA as a percentage of revenue in the same period.
Consolidated and the subtotal of Executive Search Adjusted EBITDA and Adjusted EBITDA margin are non-GAAP financial measures and have limitations as analytical tools. They should not be viewed as a substitute for financial information determined in accordance with GAAP and should not be considered in isolation or as a substitute for analysis of the Company’s results as reported under GAAP. In addition, they may not necessarily be comparable to non-GAAP performance measures that may be presented by other companies.
We believe the presentation of these non-GAAP financial measures provides meaningful supplemental information and a more complete understanding of our ongoing operating results, including underlying trends. These non-GAAP financial measures are used by management in their financial and operating decision making because management believes they reflect our ongoing business in a manner that allows for meaningful period-to-period comparison and evaluation. We also believe that these non-GAAP financial measures, when considered together with our GAAP financial measures, provide management and investors with additional information for comparison of our operating results with the operating results of other companies.
Our Compensation Model
At the consultant level, there are fixed and variable components of compensation. Individuals are rewarded for their performance based on a system that directly ties a portion of their compensation to the amount of net revenue for which they are responsible. A portion of the reward may be based upon individual performance against a series of non-financial measures. Credit towards the variable portion of a consultant’s compensation is earned by generating net revenue for winning and executing work. Each quarter, we review and update the expected annual performance of all consultants and accrue variable compensation accordingly. The amount of variable compensation that is accrued for each consultant is based on a tiered payout model. Overall, Company performance determines the amount available for total variable compensation. The more net revenue that is generated by the consultant, the higher the percentage credited towards the consultant’s variable compensation and thus accrued by our Company as expense.
The mix of individual consultants who generate revenue can significantly affect the total amount of compensation expense recorded, which directly impacts operating margin. As a result, the variable portion of the compensation expense may fluctuate significantly from quarter to quarter. The total variable compensation is discretionary and is based on Company-wide financial targets approved by the Human Resources and Compensation Committee of the Board of Directors. We pay annual bonuses in the first half of the year following the year in which they are earned.
Results of Operations
(In the following tables, totals and sub-totals may not equal the sum of individual line items due to rounding. All tables are in thousands, except percentages.)
The following table summarizes, for the periods indicated, our results of operations as a percentage of revenue before reimbursements (net revenue):
| | | | | | | | | | | | | | | |
| Three Months Ended March 31, | | |
| 2025 | | 2024 | | | | |
Revenue | | | | | | | |
Revenue before reimbursements (net revenue) | 100.0 | % | | 100.0 | % | | | | |
Reimbursements | 1.4 | | | 1.5 | | | | | |
Total revenue | 101.4 | | | 101.5 | | | | | |
| | | | | | | |
Operating expenses | | | | | | | |
Salaries and benefits | 66.8 | | | 65.8 | | | | | |
General and administrative expenses | 14.6 | | | 15.6 | | | | | |
Cost of services | 10.6 | | | 10.3 | | | | | |
Research and development | 2.3 | | | 2.2 | | | | | |
| | | | | | | |
| | | | | | | |
Reimbursed expenses | 1.4 | | | 1.5 | | | | | |
Total operating expenses | 95.6 | | | 95.3 | | | | | |
| | | | | | | |
Operating income | 5.7 | | | 6.1 | | | | | |
| | | | | | | |
Non-operating income (loss) | | | | | | | |
Interest, net | 1.4 | | | 1.5 | | | | | |
Other, net | (0.9) | | | 1.0 | | | | | |
Net non-operating income | 0.5 | | | 2.5 | | | | | |
| | | | | | | |
Income before income taxes | 6.2 | | | 8.6 | | | | | |
| | | | | | | |
Provision for income taxes | 1.5 | | | 3.4 | | | | | |
| | | | | | | |
Net income | 4.7 | % | | 5.3 | % | | | | |
The following table sets forth, for the periods indicated, a reconciliation of Adjusted EBITDA to net income:
| | | | | | | | | | | | | | | |
| Three Months Ended March 31, | | |
| 2025 | | 2024 | | | | |
Revenue before reimbursements (net revenue) | $ | 283,578 | | | $ | 265,197 | | | | | |
| | | | | | | |
Net income | 13,306 | | | 14,032 | | | | | |
Interest, net | (3,955) | | | (4,086) | | | | | |
Other, net | 2,566 | | | (2,571) | | | | | |
Provision for income taxes | 4,311 | | | 8,899 | | | | | |
Operating income | 16,228 | | | 16,274 | | | | | |
| | | | | | | |
Adjustments | | | | | | | |
Depreciation | 3,179 | | | 2,493 | | | | | |
Intangible amortization | 1,668 | | | 2,297 | | | | | |
Earnout accretion | 481 | | | 466 | | | | | |
Earnout fair value adjustments | 942 | | | — | | | | | |
Acquisition contingent consideration | 2,821 | | | 1,988 | | | | | |
Deferred compensation plan | (358) | | | 2,350 | | | | | |
Reorganization costs | 4,161 | | | — | | | | | |
| | | | | | | |
| | | | | | | |
Total adjustments | 12,894 | | | 9,594 | | | | | |
| | | | | | | |
Adjusted EBITDA | $ | 29,122 | | | $ | 25,868 | | | | | |
Adjusted EBITDA margin | 10.3 | % | | 9.8 | % | | | | |
Revenue and Adjusted EBITDA by segment are as follows:
| | | | | | | | | | | | | | | |
| Three Months Ended March 31, | | |
| 2025 | | 2024 | | | | |
Revenue | | | | | | | |
Executive Search | | | | | | | |
Americas | $ | 144,404 | | | $ | 136,679 | | | | | |
Europe | 45,391 | | | 41,481 | | | | | |
Asia Pacific | 23,595 | | | 23,321 | | | | | |
Total Executive Search | 213,390 | | | 201,481 | | | | | |
On-Demand Talent | 42,564 | | | 37,857 | | | | | |
Heidrick Consulting | 27,624 | | | 25,859 | | | | | |
Revenue before reimbursements (net revenue) | 283,578 | | | 265,197 | | | | | |
Reimbursements | 3,864 | | | 3,901 | | | | | |
Total revenue | $ | 287,442 | | | $ | 269,098 | | | | | |
| | | | | | | | | | | | | | | |
| Three Months Ended March 31, | | |
| 2025 | | 2024 | | | | |
Adjusted EBITDA | | | | | | | |
Executive Search | | | | | | | |
Americas | $ | 44,222 | | | $ | 41,871 | | | | | |
Europe | 5,042 | | | 3,353 | | | | | |
Asia Pacific | 3,035 | | | 3,195 | | | | | |
Total Executive Search | 52,299 | | | 48,419 | | | | | |
On-Demand Talent | 400 | | | (921) | | | | | |
Heidrick Consulting | (2,096) | | | (2,027) | | | | | |
Total segment Adjusted EBITDA | 50,603 | | | 45,471 | | | | | |
Research and Development | (4,624) | | | (4,925) | | | | | |
Global Operations Support | (16,857) | | | (14,678) | | | | | |
Total Adjusted EBITDA | $ | 29,122 | | | $ | 25,868 | | | | | |
Three Months Ended March 31, 2025, Compared to the Three Months Ended March 31, 2024
Total revenue. Consolidated total revenue increased $18.3 million, or 6.8%, to $287.4 million for the three months ended March 31, 2025, from $269.1 million for the three months ended March 31, 2024. The increase in total revenue was primarily due to the increase in revenue before reimbursements (net revenue) described below.
Revenue before reimbursements (net revenue). Consolidated net revenue increased $18.4 million, or 6.9%, to $283.6 million for the three months ended March 31, 2025, compared to $265.2 million for the three months ended March 31, 2024. Foreign exchange rate fluctuations negatively impacted results by $0.5 million, or 0.6%. Executive Search net revenue was $213.4 million for the three months ended March 31, 2025, an increase of $11.9 million, or 5.9%, compared to the three months ended March 31, 2024. The increase in Executive Search net revenue was primarily due to a 5.3% increase in the number of executive search confirmations compared to the prior year period. On-Demand Talent net revenue was $42.6 million for the three months ended March 31, 2025, an increase of $4.7 million, or 12.4%, compared to the three months ended March 31, 2024. The increase in On-Demand Talent revenue was primarily due to an increase in the volume of On-Demand projects. Heidrick Consulting net revenue was $27.6 million for the three months ended March 31, 2025, an increase of $1.8 million, or 6.8%, compared to the three months ended March 31, 2024. The increase in Heidrick Consulting revenue was primarily due to an increase in leadership assessment consulting engagements compared to the prior year period.
The number of Executive Search and Heidrick Consulting consultants was 427 and 91, respectively, as of March 31, 2025, compared to 424 and 95, respectively, as of March 31, 2024. Executive Search productivity, as measured by annualized net Executive Search revenue per consultant, was $2.0 million and $1.9 million for the three months ended March 31, 2025, and 2024, respectively. The average revenue per executive search was $137,000 and $136,000 for the three months ended March 31, 2025, and 2024, respectively.
Salaries and benefits. Consolidated salaries and benefits expense increased $15.1 million, or 8.6%, to $189.5 million for the three months ended March 31, 2025, compared to $174.4 million for the three months ended March 31, 2024. Fixed compensation increased $4.2 million due to increases in separation costs, base salaries and payroll taxes, retirement and benefits costs, and talent acquisition and retention costs, partially offset by decreases in expenses related to our deferred compensation plan, and stock compensation. Variable compensation increased $10.9 million due to higher bonus accruals related to increased consultant productivity. Foreign exchange rate fluctuations positively impacted results by $0.3 million, or 0.5%.
For the three months ended March 31, 2025, we had an average of 2,210 employees compared to an average of 2,224 employees for the three months ended March 31, 2024.
As a percentage of net revenue, salaries and benefits expense was 66.8% for the three months ended March 31, 2025, compared to 65.8% for the three months ended March 31, 2024.
General and administrative expenses. Consolidated general and administrative expenses increased $0.1 million, or 0.1%, to $41.4 million for the three months ended March 31, 2025, compared to $41.4 million for the three months ended March 31, 2024. The increase in general and administrative expenses was due to professional fees, expenses related to information technology, bad debt, and marketing costs, partially offset by decreases in business development travel, intangible amortization, office occupancy costs, taxes and licenses, and hiring fees. A fair value adjustment was made to increase the Atreus earnout by $0.9 million during the three months ended March 31, 2025. Foreign exchange rate fluctuations positively impacted results by less than $0.1 million, or 0.1%.
As a percentage of net revenue, general and administrative expenses were 14.6% for the three months ended March 31, 2025, compared to 15.6% for the three months ended March 31, 2024.
Cost of services. Consolidated cost of services increased $2.6 million, or 9.6%, to $30.1 million for the three months ended March 31, 2025, compared to $27.4 million for the three months ended March 31, 2024. The increase in cost of services was primarily due to an increase in the volume of On-Demand Talent and consulting projects. Foreign exchange rate fluctuations positively impacted results by less than $0.1 million, or 0.2%.
As a percentage of net revenue, cost of services was 10.6% for the three months ended March 31, 2025, compared to 10.3% for the three months ended March 31, 2024.
Research and development. Due to the rapid pace of technological advances and digital disruption many of our clients are experiencing, we believe our ability to compete successfully depends increasingly upon our ability to provide clients with
timely and relevant technology-enabled products and services. As such, we are focused on developing new technologies to enhance existing products and services, and to expand the range of our offerings through research and development (“R&D”), licensing of intellectual property and acquisition of third-party businesses and technology. We plan to utilize the results of our R&D efforts to develop and enhance new and existing services and products across our current offerings in Executive Search, Heidrick Consulting and On-Demand Talent, and for products and services in new segments that we may embark upon in the future from time to time, such as our new digital product Heidrick Navigator. Consolidated R&D expense increased $0.7 million, or 11.8%, to $6.4 million for the three months ended March 31, 2025, compared to $5.7 million for the three months ended March 31, 2024. R&D expenses consist of expenses related to payroll, employee benefits, stock-based compensation, other employee expenses and third-party professional fees associated with new product development.
Adjusted EBITDA. Consolidated Adjusted EBITDA was $29.1 million for the three months ended March 31, 2025, an increase of $3.3 million, or 12.6%, compared to $25.9 million for the three months ended March 31, 2024. Adjusted EBITDA margin was 10.3% for the three months ended March 31, 2025, compared to 9.8% for the three months ended March 31, 2024.
Net non-operating income. Net non-operating income was $1.4 million for the three months ended March 31, 2025, compared to $6.7 million for the three months ended March 31, 2024.
Interest, net, was $4.0 million of income for the three months ended March 31, 2025, compared to $4.1 million of income for the three months ended March 31, 2024, primarily due to lower interest rates offset by higher marketable securities balances.
Other, net, was $2.6 million of expense for the three months ended March 31, 2025, compared to $2.6 million of income for the three months ended March 31, 2024. The expense for the three months ended March 31, 2025, is primarily due to unrealized losses on our deferred compensation plan. The income for the three months ended March 31, 2024, is primarily due to unrealized gains on our deferred compensation plan and foreign exchange gains. The majority of the Company's investments, including those held in the Company’s deferred compensation plan, are recorded at fair value.
Income taxes. See Note 13, Income Taxes, to the Company's Condensed Consolidated Financial Statements included in Item 1 of this Quarterly Report on Form 10-Q..
Executive Search
Americas
The Americas segment reported net revenue of $144.4 million for the three months ended March 31, 2025, an increase of 5.7% compared to $136.7 million for the three months ended March 31, 2024. The increase in net revenue was primarily due to a 3.6% increase in the number of executive search confirmations. All practice groups, with the exception of Financial Services, exhibited growth over the prior period. Foreign exchange rate fluctuations negatively impacted results by $0.4 million, or 0.8%. There were 221 Executive Search consultants in the Americas segment at March 31, 2025, compared to 220 at March 31, 2024.
Salaries and benefits expense increased $4.1 million, or 4.8%, for the three months ended March 31, 2025, compared to the three months ended March 31, 2024. Fixed compensation decreased $0.9 million due to decreases in expenses related to our deferred compensation plan, stock compensation, and talent acquisition and retention costs, partially offset by increases in base salaries and payroll taxes, and retirement and benefits costs. Variable compensation increased $5.0 million due to higher bonus accruals related to increased consultant productivity.
General and administrative expenses decreased $0.4 million, or 3.7%, for the three months ended March 31, 2025, compared to the three months ended March 31, 2024, due to decreases in office occupancy costs, bad debt, business development travel, resource library, marketing costs, and communication services, partially offset by increases in expenses related to information technology, professional fees, and the use of external third-party consultants.
The Americas segment reported Adjusted EBITDA of $44.2 million for the three months ended March 31, 2025, an increase of $2.4 million, or 5.6%, compared to $41.9 million for the three months ended March 31, 2024. Adjusted EBITDA margin was 30.6% for the three months ended March 31, 2025, compared to 30.6% for the three months ended March 31, 2024.
Europe
The Europe segment reported net revenue of $45.4 million for the three months ended March 31, 2025, an increase of 9.4% compared to $41.5 million for the three months ended March 31, 2024. The increase in net revenue was primarily due to a 7.5% increase in the number of executive search confirmations. The Global Technology Services and Consumer practice groups exhibited growth over the prior year period. Foreign exchange rate fluctuations positively impacted results by less than $0.1 million, or 0.6%. There were 128 Executive Search consultants in the Europe segment at March 31, 2025, compared to 125 at March 31, 2024.
Salaries and benefits expense increased $2.2 million, or 7.4%, for the three months ended March 31, 2025, compared to the three months ended March 31, 2024. Fixed compensation increased $0.4 million due to increases in base salaries and payroll taxes, and retirement and benefits costs, partially offset by decreases in separation costs, talent acquisition and retention costs, and stock compensation. Variable compensation increased $1.8 million due to higher bonus accruals related to increased consultant productivity.
General and administrative expense increased $0.1 million, or 1.4%, for the three months ended March 31, 2025, compared to the three months ended March 31, 2024, due to increases in professional fees, hiring fees, expenses related to information technology, and marketing costs, partially offset by a decrease in business development travel.
The Europe segment reported Adjusted EBITDA of $5.0 million for the three months ended March 31, 2025, an increase of $1.7 million, or 50.4%, compared to $3.4 million for the three months ended March 31, 2024. Adjusted EBITDA margin was 11.1% for the three months ended March 31, 2025, compared to 8.1% for the three months ended March 31, 2024.
Asia Pacific
The Asia Pacific segment reported net revenue of $23.6 million for the three months ended March 31, 2025, an increase of 1.2% compared to $23.3 million for the three months ended March 31, 2024. The increase in net revenue was primarily due to a 7.1% increase in the number of executive search confirmations. The Financial Services and Industrial practice groups exhibited growth over the prior period. Foreign exchange rate fluctuations negatively impacted results by $0.2 million, or 2.2%. There were 78 Executive Search consultants in the Asia Pacific segment at March 31, 2025, compared to 79 at March 31, 2024.
Salaries and benefits expense increased $1.1 million, or 6.7%, for the three months ended March 31, 2025, compared to the three months ended March 31, 2024. Fixed compensation increased $1.2 million due to increases in retirement and benefits costs, separation costs, and talent acquisition and retention costs, partially offset by decrease in base salaries and payroll taxes, and stock compensation. Variable compensation decreased $0.2 million due to the mix of consultants earning bonus accruals.
General and administrative expenses decreased $0.2 million, or 3.6%, for the three months ended March 31, 2025, compared to the three months ended March 31, 2024, due to decreases in business development travel, and taxes licenses, partially offset by an increase in bad debt.
The Asia Pacific segment reported Adjusted EBITDA of $3.0 million for the three months ended March 31, 2025, a decrease of $0.2 million, or 5.0%, compared to $3.2 million for the three months ended March 31, 2024. Adjusted EBITDA margin was 12.9% for the three months ended March 31, 2025, compared to 13.7% for the three months ended March 31, 2024.
On-Demand Talent
The On-Demand Talent segment reported net revenue of $42.6 million for the three months ended March 31, 2025, an increase of 12.4% compared to $37.9 million for the three months ended March 31, 2024. The increase in On-Demand Talent revenue was primarily due to an increase in the volume of On-Demand projects. Foreign exchange rate fluctuations negatively impacted results by less than $0.1 million, or 0.2%.
Salaries and benefits expense increased $1.6 million, or 12.3%, for the three months ended March 31, 2025, compared to the three months ended March 31, 2024. Fixed compensation increased $1.0 million due to increases in separation costs, retirement and benefits costs, talent acquisition and retention costs, and stock compensation, partially offset by a decrease in base salaries and payroll taxes. Variable compensation increased $0.7 million due to higher bonus accruals related to increased productivity.
General and administrative expense increased $1.1 million, or 20.9%, for the three months ended March 31, 2025, compared to the three months ended March 31, 2024, due to increases in professional fees, office occupancy costs, and bad debt, partially offset by decrease in intangible amortization and hiring fees. A fair value adjustment was made to increase the Atreus earnout by $0.9 million.
Cost of services increased $2.7 million, or 11.4%, for the three months ended March 31, 2025, compared to the three months ended March 31, 2024, primarily due to an increase in the volume of On-Demand Talent projects.
The On-Demand Talent segment reported Adjusted EBITDA of $0.4 million for the three months ended March 31, 2025, an increase of $1.3 million compared to an Adjusted EBITDA loss of $0.9 million for the three months ended March 31, 2024. Adjusted EBITDA margin was 0.9% for the three months ended March 31, 2025, compared to (2.4)% for the three months ended March 31, 2024.
Heidrick Consulting
The Heidrick Consulting segment reported net revenue of $27.6 million for the three months ended March 31, 2025, an increase of 6.8% compared to $25.9 million for the three months ended March 31, 2024. The increase in net revenue was primarily due to increases in leadership assessment consulting engagements compared to the prior year period. Foreign exchange rate fluctuations negatively impacted results by less than $0.1 million, or less than 0.1%. There were 91 Heidrick Consulting consultants at March 31, 2025 compared to 95 at March 31, 2024.
Salaries and benefits expense increased $2.7 million, or 13.7%, for the three months ended March 31, 2025, compared to the three months ended March 31, 2024. Fixed compensation increased $0.1 million due to increases in talent acquisition and retention costs, and separation costs, partially offset by decrease in base salaries and payroll taxes. Variable compensation increased $2.7 million due to higher bonus accruals related to increased productivity.
General and administrative expenses decreased $0.9 million, or 13.9%, for the three months ended March 31, 2025, compared to the three months ended March 31, 2024, due to decreases in business development travel, office occupancy costs, and intangible amortization, partially offset by increases in professional fees.
Cost of services decreased $0.1 million, or 3.2%, for the three months ended March 31, 2025, compared to the three months ended March 31, 2024, due to third party contractor event expenses in prior year that did not reoccur in the current year.
The Heidrick Consulting segment reported an Adjusted EBITDA loss of $2.1 million for the three months ended March 31, 2025, an improvement of $0.1 million, or 3.4%, compared to an Adjusted EBITDA loss of $2.0 million for the three months ended March 31, 2024. Adjusted EBITDA margin was (7.6)% for the three months ended March 31, 2025, compared to (7.8)% for the three months ended March 31, 2024.
Global Operations Support
Salaries and benefits expense increased $3.3 million, or 36.0%, for the three months ended March 31, 2025, compared to the three months ended March 31, 2024, due to increases in separation costs, variable compensation, base salaries and payroll taxes, retirement and benefits costs, and talent acquisition and retention costs, partially offset by decreases in stock compensation and our deferred compensation plan.
General and administrative expenses increased $0.3 million, or 4.8%, for the three months ended March 31, 2025, compared to the three months ended March 31, 2024, due to increases in expenses related to information technology, marketing expenses, and professional fees, partially offset by decreases in taxes and licenses, communication services, business development travel, and resource library.
Global Operations Support reported an Adjusted EBITDA loss of $16.9 million for the three months ended March 31, 2025, a decrease of $2.2 million, or 14.8%, compared to an Adjusted EBITDA loss of $14.7 million for the three months ended March 31, 2024. Adjusted EBITDA margin was (5.9)% for the three months ended March 31, 2025, compared to (5.5)% for the three months ended March 31, 2024.
Liquidity and Capital Resources
General. We continually evaluate our liquidity requirements, capital needs and availability of capital resources based on our operating needs. We believe that our available cash balances, funds expected to be generated from operations and funds available under our committed revolving credit facility will be sufficient to finance our operations for at least the next 12 months and the foreseeable future, as well as to finance the cash payments associated with our cash dividends and stock repurchase program.
We pay annual bonuses in the first half of the year following the year in which they are earned. Employee bonuses are accrued throughout the year and are based on our performance and the performance of the individual employee.
Lines of credit. On March 17, 2025, the Company entered into the Third Amendment to the Credit Agreement, dated as of October 26, 2018 by and among the Company, Bank of America, N.A., as administrative agent, and the lenders party thereto. The Third Amendment provides that Lenders will make available to the Borrowers a committed revolving credit facility in an aggregate amount of $100 million, which includes a sublimit of $25 million for letters of credit and a sublimit of $10 million for swingline loans, with a $75 million expansion feature. The Amended Credit Agreement matures on March 17, 2030, extended from July 13, 2026.
Borrowings under the Credit Agreement may be used for working capital, capital expenditures, permitted acquisitions, restricted payments and for other general corporate purposes of the Company and its subsidiaries. The obligations under the Credit Agreement are guaranteed by certain of the Company’s subsidiaries and from time to time may be secured by equity interests in certain of the Company’s subsidiaries.
As of March 31, 2025, and December 31, 2024, the Company had no outstanding borrowings. As of such dates, the Company was in compliance with the financial and other covenants under the Amended Credit Agreement and no event of default existed.
Cash, cash equivalents and marketable securities. Cash, cash equivalents and marketable securities at March 31, 2025, December 31, 2024, and March 31, 2024, were $324.7 million, $563.5 million and $252.8 million, respectively. The $324.7 million of cash, cash equivalents and marketable securities at March 31, 2025, includes $170.6 million held by our foreign subsidiaries. A portion of the $170.6 million is considered permanently reinvested in these foreign subsidiaries. If these funds were required to satisfy obligations in the U.S., the repatriation of these funds could cause us to incur additional U.S. income taxes or foreign withholding taxes.
Cash flows used in operating activities. Cash used in operating activities was $232.2 million for the three months ended March 31, 2025, primarily reflecting a decrease in accrued expenses of $199.3 million and an increase accounts receivable of $45.6 million, partially offset by net income net of non-cash charges of $18.3 million. The decrease in accrued expenses is primarily due to cash bonus payments related to 2024 of $317.8 million, partially offset by 2025 bonus accruals.
Cash used in operating activities was $203.4 million for the three months ended March 31, 2024, primarily reflecting a decrease in accrued expenses of $182.6 million and an increase in accounts receivable of $41.1 million, partially offset by net income net of non-cash charges of $21.3 million. The decrease in accrued expenses is primarily due to cash bonus payments related to 2023 of $289.8 million, partially offset by 2024 bonus accruals.
Cash flows provided by investing activities. Cash used in investing activities was $73.1 million for the three months ended March 31, 2025, primarily due to purchases of marketable securities and investments of 118.7 million and capital expenditures of $2.7 million, partially offset by proceeds from the sale of marketable securities of $48.3 million.
Cash provided by investing activities was $54.7 million for the three months ended March 31, 2024, consisting of proceeds from the sale of marketable securities and investments of $66.3 million, partially offset by purchases of marketable securities and investments of $5.4 million, and capital expenditures of $6.2 million.
Cash flows used in financing activities. Cash used in financing activities was $6.4 million for the three months ended March 31, 2025, consisting of dividend payments of $3.2 million, employee tax withholding payments on equity transactions of $2.9 million, and debt issuance costs of $0.4 million.
Cash used in financing activities was $6.1 million for the three months ended March 31, 2024, consisting of dividend payments of $3.2 million and employee tax withholding payments on equity transactions of $2.9 million.
Contractual obligations. Our lease portfolio is comprised of operating leases for office space and equipment. As of March 31, 2025, we had aggregate future lease payment obligations of $123.3 million, with $17.7 million payable within 12 months. Associated with our lease portfolio, we have asset retirement obligations for the retirement of tangible long-lived assets related to our obligation at the end of the lease term to return office space to the landlord in its original condition. As of March 31, 2025, we had asset retirement obligations of $3.5 million, with less than $0.1 million payable within 12 months.
In addition to lease-related contractual obligations, we also have liabilities related to certain employee benefit plans. These liabilities are recorded in our Consolidated Balance Sheet at March 31, 2025. The obligations related to these employee benefit plans are described in Note 12, Employee Benefit Plans, and Note 13, Pension Plan and Life Insurance Contract, in the Company's Annual Report on Form 10-K for the year ended December 31, 2024, as filed with the SEC on March 3, 2025. As of March 31, 2025, we did not have a liability for uncertain tax positions.
Application of Critical Accounting Policies and Estimates
Management’s Discussion and Analysis of Financial Condition and Results of Operations is based upon our Condensed Consolidated Financial Statements, which have been prepared using accounting principles generally accepted in the United States of America. Our significant accounting policies are discussed in Note 2, Summary of Significant Accounting Policies, in the Notes to Consolidated Financial Statements included in our Annual Report on Form 10-K for the year ended December 31, 2024 as filed with the SEC on March 3, 2025, and in Note 2, Summary of Significant Accounting Policies, in the Notes to Condensed Consolidated Financial Statements included in Item 1 of this Quarterly Report on Form 10-Q. The preparation of these financial statements requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenue and expenses, and related disclosure of contingent assets and liabilities. Management bases its estimates on historical experience and on various other assumptions that are believed to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities that are not readily apparent from other sources. Actual results may differ from these estimates under different assumptions or conditions. If actual amounts are ultimately different from previous estimates, the revisions are included in our results of operations for the period in which the actual amounts become known.
An accounting policy is deemed to be critical if it requires an accounting estimate to be made based on assumptions about matters that are highly uncertain at the time the estimate is made, and if different estimates that reasonably could have been used, or if changes in the accounting estimates that are reasonably likely to occur periodically, could materially impact the financial statements. Management believes its critical accounting policies that reflect its more significant estimates and assumptions relate to revenue recognition, income taxes, interim effective tax rate, assessment of goodwill for impairment, and contingent consideration. See Application of Critical Accounting Policies and Estimates in Item 7, Management’s Discussion and Analysis of Financial Condition and Results of Operations included in our Annual Report on Form 10-K for the year ended December 31, 2024, as filed with the SEC on March 3, 2025.
Recently Issued and Adopted Financial Accounting Standards
The information presented in Note 2, Summary of Significant Accounting Policies, to our Condensed Consolidated Financial Statements within this Quarterly Report on Form 10-Q is incorporated herein by reference.
ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK
Currency market risk. With our operations in the Americas, Europe, and Asia Pacific, we conduct business using various currencies. Revenue earned in each country is generally matched with the associated expenses incurred, thereby reducing currency risk to earnings. However, because certain assets and liabilities are denominated in currencies other than the U.S. dollar, changes in currency rates may cause fluctuations in the valuation of such assets and liabilities. As the local currency of our subsidiaries has generally been designated as the functional currency, we are affected by the translation of foreign currency financial statements into U.S. dollars. A 10% change in the average exchange rate for currencies of all foreign countries in which we operate would have increased or decreased our net income by approximately $0.6 million for the three months ended March 31, 2025. For financial information by segment, see Note 15, Segment Information, in the Notes to Condensed Consolidated Financial Statements within this Quarterly Report on Form 10-Q.
ITEM 4. CONTROLS AND PROCEDURES
(a)Evaluation of Disclosure Controls and Procedures
The Company maintains disclosure controls and procedures as defined in the Securities Exchange Act of 1934, as amended (the “Exchange Act”), Rules 13a-15(e) and 15d-15(e), that are designed to ensure that information required to be disclosed in the Company’s reports filed or submitted under the Exchange Act is recorded, processed, summarized and reported within the time periods specified in the SEC rules and forms, and that such information is accumulated and communicated to the Company’s management, including its principal executive officer and principal financial officer, as appropriate, to allow timely decisions regarding required disclosure. Any system of controls and procedures, no matter how well designed and operated, can provide only reasonable assurance of achieving the desired control objectives.
Management of the Company, with the participation of the principal executive officer and the principal financial officer, evaluated the effectiveness of the design and operation of the Company’s disclosure controls and procedures as of March 31, 2025. Based on the evaluation, the Company’s principal executive officer and principal financial officer concluded that the Company’s disclosure controls and procedures were effective as of March 31, 2025.
(b) Changes in Internal Control Over Financial Reporting
There were no changes to our internal control over financial reporting as defined in the Exchange Act Rules 13a-15(f) and 15d-15(f) that occurred during the three months ended March 31, 2025, that materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.
PART II. OTHER INFORMATION
Item 1. Legal Proceedings
The information presented in Note 17, Commitments and Contingencies, to our Condensed Consolidated Financial Statements included in Item 1 of this Quarterly Report on Form 10-Q is incorporated herein by reference.
Item 1A. Risk Factors
The business, financial condition and operating results of the Company can be affected by a number of factors, whether currently known or unknown, including but not limited to those described in Part I, Item 1A of the Company's Annual Report on Form 10-K for the year ended December 31, 2024, under the heading “Risk Factors,” any one or more of which could, directly or indirectly, cause the Company’s actual financial condition and operating results to vary materially from past, or from anticipated future, financial condition and operating results. Any of these factors, in whole or in part, could materially and adversely affect the Company’s business, financial condition, operating results and stock price. There have been no material changes to the Company’s risk factors from those set forth in the Company's Annual Report on Form 10-K for the year ended December 31, 2024, as filed with the SEC on March 3, 2025.
Item 2. Unregistered Sales of Equity Securities, Use of Proceeds, and Issuer Purchases of Equity Securities
None.
Item 6. Exhibits
| | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | | Incorporated by Reference |
Exhibit No. | | Exhibit Description | | Form | | Exhibit | | Filing Date/Period End Date |
| | | | | | | | |
*10.1 | | | | | | | | |
| | | | | | | | |
10.2 | | | | 10-K | | 10.47 | | 3/3/2025 |
| | | | | | | | |
*31.1 | | | | | | | | |
| | | | | | | |
*31.2 | | | | | | | | |
| | | | | | | |
***†32.1 | | | | | | | | |
| | | | | | | |
***†32.2 | | | | | | | | |
| | | | | | | | |
*101.INS | | Inline XBRL Instance Document - the instance document does not appear in the Interactive Data Files because its XBRL tags are embedded within the Inline XBRL document | | | | | | |
| | | | | | | |
*101.SCH | | Inline XBRL Taxonomy Extension Schema Document | | | | | | |
| | | | | | | |
*101.CAL | | Inline XBRL Taxonomy Calculation Linkbase Document | | | | | | |
| | | | | | | |
*101.DEF | | Inline XBRL Taxonomy Extension Definition Linkbase Document | | | | | | |
| | | | | | | |
*101.LAB | | Inline XBRL Taxonomy Extension Label Linkbase Document | | | | | | |
| | | | | | | |
*101.PRE | | Inline XBRL Taxonomy Extension Presentation Linkbase Document | | | | | | |
| | | | | | | | |
*104 | | Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101) | | | | | | |
| | | | | |
| |
* | Filed herewith. |
** | Denotes a management contract or compensatory plan or arrangement. |
† | Certain portions of this exhibit have been redacted. |
***† | Furnished herewith. |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
Date: May 5, 2025
| | | | | |
| |
| Heidrick & Struggles International, Inc. |
| (Registrant) |
| |
| |
| /s/ Nirupam Sinha |
| Nirupam Sinha |
| Chief Financial Officer (Duly authorized on behalf of the registrant and in his capacity as Principal Financial and Accounting Officer) |
THIRD AMENDMENT TO CREDIT AGREEMENT
THIS THIRD AMENDMENT TO CREDIT AGREEMENT (this “Amendment”), dated as of March 17, 2025, is by and among HEIDRICK & STRUGGLES INTERNATIONAL, INC., a Delaware corporation (the “Company”), Heidrick & Struggles B.V. (the “Dutch Borrower”), the other Subsidiary Guarantors party hereto, the Lenders party hereto and BANK OF AMERICA, N.A., as administrative agent (in such capacity, the “Administrative Agent”). Capitalized terms used herein and not otherwise defined herein shall have the meanings ascribed thereto in the Credit Agreement.
W I T N E S S E T H
WHEREAS, the Company, the Dutch Borrower, the other Foreign Subsidiary Borrowers from time to time party thereto (together with the Dutch Borrower, the “Foreign Subsidiary Borrowers” and with the Company collectively, the “Borrowers”), certain financial institutions from time to time party thereto (the “Lenders”) and the Administrative Agent are parties to that certain Credit Agreement dated as of October 26, 2018 (as amended, modified, extended, restated, replaced, or supplemented from time to time, the “Credit Agreement”);
WHEREAS, the Borrowers have requested that the Lenders amend certain provisions of the Credit Agreement; and
WHEREAS, the Lenders are willing to make such amendments to the Credit Agreement, in accordance with and subject to the terms and conditions set forth herein.
NOW, THEREFORE, in consideration of the agreements hereinafter set forth, and for other good and valuable consideration, the receipt and adequacy of which are hereby acknowledged, the parties hereto agree as follows:
Article I
AMENDMENTS TO CREDIT AGREEMENT
Effective as of the Amendment Effective Date but subject to the satisfaction of the conditions precedent set forth in Article II below, the Credit Agreement (including Schedule 2.01, but excluding all other Schedules, Exhibits and signature pages to the Credit Agreement which shall remain in the original form delivered or most recently amended, as applicable) is hereby amended as set forth in the marked terms on Exhibit A-1 attached hereto. In Exhibit A-1 hereto, deletions of text in the Credit Agreement as amended hereby are indicated by struck-through text, and insertions of text are indicated by double-underlined text. Exhibit A-2 attached hereto sets forth a clean copy of the Credit Agreement as amended hereby (including Schedule 2.01, but excluding all other Schedules and Exhibits, which shall remain in the original form delivered or most recently amended, as applicable), after giving effect to such amendments. This Amendment shall constitute a Loan Document.
Article II
CONDITIONS TO EFFECTIVENESS
2.01Closing Conditions. This Amendment shall become effective as of the day and year set forth above (the “Amendment Effective Date”) upon satisfaction (or waiver) of the following conditions (in each case, in form and substance reasonably acceptable to the Administrative Agent):
(a)Executed Amendment. The Administrative Agent shall have received a copy of this Amendment duly executed by each of the Loan Parties, the Lenders (including the Departing Lenders) and the Administrative Agent.
(b)Officer’s Certificate. The Administrative Agent shall have received an officer’s certificate, certifying as to the organizational documents of each Loan Party, the resolutions of the governing body of each Loan Party, the good standing, existence or its equivalent of each Loan Party and of the incumbency (including specimen signatures) of the Responsible Officers of each Loan Party.
(c)Legal Opinions of Counsel. The Administrative Agent shall have received a favorable written opinion (addressed to the Administrative Agent and the Lenders and dated the Amendment Effective Date) of (i) Paul Hastings LLP, special counsel for the Loan Parties and (ii) NautaDutilh N.V., special counsel to the Dutch Borrower, in each case covering such matters relating to the Loan Parties, the Loan Documents, this Agreement and the transactions contemplated hereby as are customary for a transaction of this nature. The Company hereby requests such counsels to deliver such opinions.
(d)Default. After giving effect to this Amendment, no Default or Event of Default shall exist.
(e)Fees and Expenses.
(i)The Lenders (other than any Departing Lenders) shall have received from the Borrowers all fees and expenses, if any, owing pursuant to the Fee Letter and the Credit Agreement and legal counsel for the Administrative Agent shall have received from the Borrowers payment of all outstanding reasonable fees and expenses previously incurred and all reasonable and documented out-of-pocket fees and expenses incurred in connection with this Amendment in each case to the extent invoiced prior to the date hereof.
(ii)The Departing Lenders shall have received from the Borrowers all fees and expenses owing to such Departing Lender under the Credit Agreement immediately prior to giving effect to this Amendment.
(f)Anti-Money-Laundering; Beneficial Ownership. Upon the reasonable request of any Lender, the Borrowers shall have provided to such Lender, and such Lender shall be reasonably satisfied with, the documentation and other information so requested in connection with applicable “know your customer” and anti-money-laundering rules and regulations, including, without limitation, the Patriot Act, and any Loan Party that qualifies as a “legal entity customer” under the Beneficial Ownership Regulation shall have delivered to each Lender that so requests, a Beneficial Ownership Certification in relation to such Loan Party.
For purposes of determining compliance with the conditions set forth in this Article II, each Lender that has signed this Amendment shall be deemed to have consented to, approved or accepted or to be satisfied with, each document or other matter required thereunder to be consented to or approved by or acceptable or satisfactory to a Lender.
Article III
DEPARTING LENDERS
3.01Departing Lenders. Certain Lenders have agreed that they shall no longer constitute Lenders under the Credit Agreement as of the Amendment Effective Date (each, a “Departing Lender”). Each Lender that executes and delivers a signature page hereto that identifies it as a Departing Lender shall constitute a Departing Lender as of the Amendment Effective Date and is signing this Amendment solely for the purpose of acknowledging the provisions of this Section. No Departing Lender shall have a Commitment on and after the Amendment Effective Date. Following payment in immediately available funds of all amounts owing each Departing Lender under the Credit Agreement, each Departing Lender shall cease to be a party to the Credit Agreement as of the Amendment Effective Date, with no rights, duties or obligations thereunder, except that each Departing Lender shall continue to be entitled to the benefits of Sections 2.15, 2.16, 2.17 and 9.03 of the Credit Agreement. All amounts owing to a Departing Lender shall be paid in immediately available funds by the Borrowers to such Departing Lender as of the Amendment Effective Date. The consent of a Departing Lender is not required to give effect to the changes contemplated by this Amendment. The Administrative Agent is hereby authorized to take such steps under the Credit Agreement as reasonably required to give effect to the departure of the Departing Lenders, including, without limitation, reallocating outstanding obligations among the remaining Lenders ratably based on their Commitments. The Borrowers and each Lender agrees with and consents to the foregoing.
Article IV
MISCELLANEOUS
4.01Amended Terms. On and after the Amendment Effective Date, all references to the Credit Agreement in each of the Loan Documents shall hereafter mean the Credit Agreement as amended by this Amendment. Except as specifically amended hereby or otherwise agreed, the Credit Agreement is hereby ratified and confirmed and shall remain in full force and effect according to its terms.
4.02Representations and Warranties of Loan Parties. Each of the Loan Parties represents and warrants as follows:
(a)It has taken all necessary corporate action to authorize the execution, delivery and performance of this Amendment.
(b)This Amendment has been duly executed and delivered by such Person and constitutes such Person’s legal, valid and binding obligation, enforceable in accordance with its terms, except as such enforceability may be subject to (i) bankruptcy, insolvency, reorganization, fraudulent conveyance or transfer, moratorium or similar laws affecting creditors’ rights generally and (ii) general principles of equity (regardless of whether such enforceability is considered in a proceeding at law or in equity).
(c)No consent, approval, authorization or order of, or filing, registration or qualification with, any court or governmental authority or third party is required in connection with the execution, delivery or performance by such Person of this Amendment.
(d)The representations and warranties set forth in Article III of the Credit Agreement are true and correct in all material respects as of the date hereof (except for those which expressly relate to an earlier date or those which are qualified by materiality, which shall be true and correct in all respects); provided, however, that no representation or warranty is being made with respect to whether the matters set forth in Section 3.04(b) of the Credit Agreement are true and correct on the date hereof.
(e)No event has occurred and is continuing which constitutes a Default or an Event of Default.
(f)Except as specifically provided in this Amendment, the Obligations are not reduced or modified by this Amendment and are not subject to any offsets, defenses or counterclaims.
4.03Reaffirmation of Obligations. Without in any way establishing a course of dealing by the Administrative Agent or any Lender, and after giving effect to this Amendment, each Loan Party hereby ratifies the Credit Agreement, the Subsidiary Guaranty and each other Loan Document, as applicable, and acknowledges and reaffirms (a) that it is bound by all terms of the Credit Agreement and each other Loan Document applicable to it and (b) that it is responsible for the observance and full performance of its respective Obligations.
4.04Loan Document. This Amendment shall constitute a Loan Document under the terms of the Credit Agreement.
4.05Further Assurances. The Loan Parties agree to promptly take such action, upon the request of the Administrative Agent, as is necessary to carry out the intent of this Amendment.
4.06Entirety. This Amendment and the other Loan Documents embody the entire agreement among the parties hereto and supersede all prior agreements and understandings, oral or written, if any, relating to the subject matter hereof.
4.07Counterparts; Telecopy. This Amendment may be executed in one or more counterparts, each of which shall constitute an original, but all of which taken together shall be one and the same instrument. Section 9.18 of the Credit Agreement is hereby incorporated by reference, mutatis mutandis.
4.08GOVERNING LAW. THIS AMENDMENT SHALL BE CONSTRUED IN ACCORDANCE WITH AND GOVERNED BY THE LAWS OF THE STATE OF NEW YORK.
4.09Successors and Assigns. This Amendment shall be binding upon and inure to the benefit of the parties hereto and their respective successors and assigns.
4.10Jurisdiction; Consent to Services of Process; Waiver of Jury Trial. The jurisdiction, service of process and waiver of jury trial provisions set forth in Sections 9.09(b), 9.09(c), 9.09(d) and 9.10 of the Credit Agreement are hereby incorporated by reference, mutatis mutandis.
[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]
IN WITNESS WHEREOF the parties hereto have caused this Amendment to be duly executed on the date first above written.
HEIDRICK & STRUGGLES INTERNATIONAL, INC., as the Company
By: /s/ Stephen A. Bondi
Name: Stephen A. Bondi
Title: Vice President & Controller
HEIDRICK & STRUGGLES B.V.,
as a Foreign Subsidiary Borrower, a private company with limited liability (“besloten vennootschap met beperkte aansprakelijkheid”) incorporated under the laws of the Netherlands having its corporate seat (statutaire zetel) in Amsterdam, the Netherlands, its registered office at Gustav Mahlerlaan 1244, Noma House eleventh floor, 1081 LA Amsterdam and registered with the Dutch Chamber of Commerce under number 33277877
By: /s/ Stephen A. Bondi
Name: Stephen A. Bondi
Title: Director
HEIDRICK & STRUGGLES, INC., as a Subsidiary Guarantor
By: /s/ Stephen A. Bondi
Name: Stephen A. Bondi
Title: Vice President & Controller
HEIDRICK & STRUGGLES ESPANA, INC., as a Subsidiary Guarantor
By: /s/ Stephen A. Bondi
Name: Stephen A. Bondi
Title: Vice President & Controller
HEIDRICK & STRUGGLES HONG KONG, LTD., as a Subsidiary Guarantor
By: /s/ Stephen A. Bondi
Name: Stephen A. Bondi
Title: Vice President & Controller
SENN-DELANEY LEADERSHIP CONSULTING GROUP, LLC, as a Subsidiary Guarantor
By: /s/ Tracey Heaton
Name: Tracey Heaton
Title: Secretary
BUSINESS TALENT GROUP, LLC, as a Subsidiary Guarantor
By: /s/ Stephen A. Bondi
Name: Stephen A. Bondi
Title: Vice President & Controller
PRIME BLOCKER CORP., as a Subsidiary Guarantor
By: /s/ Tracey Heaton
Name: Tracey Heaton
Title: Secretary
HEIDRICK & STRUGGLES UNTERNEHMENSBERATUNG GMBH & CO. KG, as a Subsidiary Guarantor
By: /s/ Stephen A. Bondi
Name: Stephen A. Bondi
Title: Managing Director
BANK OF AMERICA, N.A.,
as Administrative Agent
By: /s/ DeWayne D. Rosse
Name: DeWayne D. Rosse
Title: Assistant Vice President
BANK OF AMERICA, N.A.,
individually as a Lender, as a Swingline Lender and as an Issuing Bank
By: /s/ Jeremy Dhein
Name: Jeremy Dhein
Title: Senior Vice President
HSBC BANK USA, N.A.
as a Lender
By: /s/ Alexander J Pacer
Name: Alexander J Pacer
Title: Vice President
CITIBANK, N.A.
as a Lender
By: /s/ Thomas Scimonelli
Name: Thomas Scimonelli
Title: Authorized Signatory
PNC BANK, NATIONAL ASSOCIATION,
as a Lender
By: /s/ Shane Johnson
Name: Shane Johnson
Title: Vice President
U.S. BANK NATIONAL ASSOCIATION,
as a Lender
By: /s/ Phillip J. Salter
Name: Phillip J. Salter
Title: Senior Vice President
ASSOCIATED BANK, N.A.
as a Departing Lender
By: /s/ Deanne Malcore
Name: Deanne Malcore
Title: Assistant Vice President
TRUIST BANK,
as a Departing Lender
By: /s/ Chris Hursey
Name: Chris Hursey
Title: Director
EXHIBIT A-1
Credit Agreement, as amended
Attached
CREDIT AGREEMENT
dated as of
October 26, 2018
as amended by the First Amendment to Credit Agreement dated as of July 13, 2021 and, the Second Amendment to Credit Agreement dated as of February 24, 2023 and the Third Amendment to Credit Agreement dated as of March 17, 2025
among
HEIDRICK & STRUGGLES INTERNATIONAL, INC.
The Foreign Subsidiary Borrowers Party Hereto
The Lenders Party Hereto
BANK OF AMERICA, N.A.,
as Administrative Agent
TRUIST BANK,
as Syndication Agent
and
HSBC BANK USA, NATIONAL ASSOCIATION,
as Documentation Agent
___________________________
BOFA SECURITIES, INC.
and
TRUIST SECURITIES, INC.,
as Joint Bookrunners and JointSole Bookrunners and Sole Lead ArrangersArranger
TABLE OF CONTENTS
Page
| | |
SCHEDULES: |
|
Schedule 2.01 -- Commitments |
Schedule 2.06 -- Existing Letters of Credit |
Schedule 3.01 -- Subsidiaries |
Schedule 3.06 -- Disclosed Matters |
Schedule 6.01 -- Existing Indebtedness |
Schedule 6.02 -- Existing Liens |
Schedule 6.04 -- Existing Investments |
Schedule 6.08 -- Existing Restrictions |
| | |
|
EXHIBITS: |
Exhibit A -- Form of Assignment and Assumption |
Exhibit B-1 -- Form of Borrowing Request |
Exhibit B-2 -- Form of Swingline Loan Request |
Exhibit B-3 -- Form of Notice of Prepayment |
Exhibit C -- Form of Increasing Lender Supplement |
Exhibit D -- Form of Augmenting Lender Supplement |
Exhibit E -- Form of Subsidiary Guaranty |
Exhibit F -- [Intentionally Omitted] |
Exhibit G-1 -- Form of Borrowing Subsidiary Agreement |
Exhibit G-2 -- Form of Borrowing Subsidiary Termination |
Exhibit H-1 -- Form of U.S. Tax Certificate (Non-U.S. Lenders That Are Not Partnerships) |
Exhibit H-2 -- Form of U.S. Tax Certificate (Non-U.S. Lenders That Are Partnerships) |
Exhibit H-3 -- Form of U.S. Tax Certificate (Non-U.S. Participants That Are Not Partnerships) |
Exhibit H-4 -- Form of U.S. Tax Certificate (Non-U.S. Participants That Are Partnerships) |
CREDIT AGREEMENT (this “Agreement”) dated as of October 26, 2018, as amended by the First Amendment to Credit Agreement dated as of July 13, 2021, restated, supplemented or otherwise modified from time to time, among HEIDRICK & STRUGGLES INTERNATIONAL, INC., the FOREIGN SUBSIDIARY BORROWERS from time to time party hereto, the LENDERS from time to time party hereto, BANK OF AMERICA, N.A., as Administrative Agent, TRUIST BANK, as Syndication Agent and HSBC BANK USA, NATIONAL ASSOCIATION, as Documentation Agent.
WHEREAS, as of the Third Amendment Effective Date, the Loan Parties (as hereinafter defined) have requested that the Lenders, the Swingline Lender and the Issuing Banks make loans and other financial accommodations to the Loan Parties in an aggregate amount of up to $200,000,000100,000,000.
WHEREAS, the Lenders, the Swingline Lender and the Issuing Banks have agreed to make such loans and other financial accommodations to the Loan Parties on the terms and subject to the conditions set forth herein;
NOW, THEREFORE, in consideration of the premises and the mutual covenants contained herein, the parties hereto hereby agree as follows:
Article I_____
Definitions
Section 1.01.Defined Terms. As used in this Agreement, the following terms have the meanings specified below:
“ABR”, when used in reference to any Loan or Borrowing, refers to a Loan, or the Loans comprising such Borrowing, bearing interest at a rate determined by reference to the Alternate Base Rate.
“Administrative Agent” means Bank of America, N.A. (including its branches and affiliates), in its capacity as administrative agent for the Lenders hereunder.
“Administrative Questionnaire” means an Administrative Questionnaire in a form supplied by the Administrative Agent.
“Affected Foreign Subsidiary” is defined in the definition of Subsidiary Guarantor.
“Affected Financial Institution” means (a) any EEA Financial Institution, or (b) any UK Financial Institution.
“Affiliate” means, with respect to a specified Person, another Person that directly, or indirectly through one or more intermediaries, Controls or is Controlled by or is under common Control with the Person specified.
“Agent Party” has the meaning assigned to such term in Section 9.01(d).
“Agreed Currencies” means (a) with respect to Revolving Loans, Agreed Loan Currencies, and (b) with respect to Letters of Credit, Agreed LC Currencies.
“Agreed LC Currencies” means (a) the currencies described in clause (a) of the definition of Agreed Currencies, (b) Swiss Francs, (c) Singapore Dollars and (d) any other currency that is agreed to by the Administrative Agent and the relevant Issuing Bank.
“Agreed Loan Currencies” means (i) Dollars, (ii) Euro, (iii) British Pounds Sterling, (iv) Australian Dollars and (v) any other currency (x) that is a lawful currency (other than Dollars) that is readily available and freely transferable and convertible into Dollars and (y) that is agreed to by the Administrative Agent and each of the Lenders.
“Alternate Base Rate” means, for any day, a rate per annum equal to the greatest of (a) the Prime Rate in effect on such day, (b) the Federal Funds Effective Rate in effect on such day plus ½ of 1% and (c) Term SOFR for a one month Interest Period in Dollars on such day (or if such day is not a Business Day, the immediately preceding Business Day) plus 1%, provided that Term SOFR for any day shall be based on Term SOFR at approximately 11:00 a.m. Local Time on such day, subject to the interest rate floors set forth therein. Any change in the Alternate Base Rate due to a change in the Prime Rate, the Federal Funds Effective Rate or Term SOFR shall be effective from and including the effective date of such change in the Prime Rate, the Federal Funds Effective Rate or Term SOFR, respectively. For the avoidance of doubt, if the Alternate Base Rate as so determined would be less than zero, such rate shall be deemed to be zero for purposes of this Agreement.
“Anti-Corruption Laws” means all laws, rules, and regulations of any jurisdiction applicable to the Company or its Subsidiaries from time to time concerning or relating to bribery or corruption, including for the avoidance of doubt, the Foreign Corrupt Practices Act of 1977, as amended, and the rules and regulations thereunder (the “FCPA”), and the UK Bribery Act 2010.
“Applicable Authority” means with respect to any Foreign Currency, the applicable administrator for the Relevant Rate for such Foreign Currency or any Governmental Authority having jurisdiction over the Administrative Agent or such administrator.
“Applicable Percentage” means, with respect to any Lender, with respect to Loans, Swingline Loans or LC Exposure, the percentage equal to a fraction the numerator of which is such Lender’s Commitment and the denominator of which is the aggregate Commitments of all Lenders (if the Commitments have terminated or expired, the Applicable Percentages shall be determined based upon the Commitments most recently in effect, giving effect to any assignments); provided that in the case of Section 2.24 when a Defaulting Lender shall exist, any such Defaulting Lender’s Commitment shall be disregarded in the calculation.
“Applicable Pledge Percentage” means a 65% pledge by the Company or any Domestic Subsidiary of its Equity Interests in an Affected Foreign Subsidiary.
“Applicable Rate” means, for any day, with respect to any ABR Loan or Term SOFR Loan, or with respect to the commitment fees payable hereunder, as the case may be, the applicable rate per annum set forth below under the caption “ABR Spread”, “Term SOFR and Foreign Currency Spread”, or “Commitment Fee Rate”, as the case may be, based upon the Leverage Ratio for the then most recently completed four fiscal quarter period as reflected in the then most recently delivered Financials but subject to the following:
| | | | | | | | | | | | | | |
Category | Leverage Ratio: | ABR Spread | Term SOFR and Foreign Currency Spread | Commitment Fee Rate |
1 | Leverage Ratio is greater than or equal to 2.50:1.00 | 0.75% | 1.75% | 0.25% |
2 | Leverage Ratio is greater than or equal to 1.75:1.00 but less than 2.50:1.00 | 0.50% | 1.50% | 0.20% |
3 | Leverage Ratio is greater than or equal to 1.00:1.00 but less than 1.75:1.00 | 0.25% | 1.25% | 0.20% |
4 | Leverage Ratio is less than 1.00:1.00 | 0.00% | 1.00% | 0.15% |
For purposes of the foregoing,
(i)if the Company fails to deliver the Financials to the Administrative Agent at the time required pursuant to Section 5.01, then Category 1 above shall be deemed to be applicable until the first Business Day of the calendar month immediately following the date on which such Financials are so received by the Administrative Agent;
(ii)adjustments, if any, to the Applicable Rate shall be effective on the first Business Day of the calendar month immediately following the date on which the Administrative Agent has received the applicable Financials;
(iii)each determination of the Applicable Rate made by the Administrative Agent in accordance with the foregoing shall be conclusive and binding on the Company and each Lender (absent manifest error); and
(iv)notwithstanding anything herein to the contrary, from the Effective Date to but not including the fifth (5th) Business Day following receipt of the Company’s financial statements delivered pursuant to Section 5.01 for the fiscal quarter ending December 31, 2018, Category 4 above shall be deemed applicable.
“Approved Fund” has the meaning assigned to such term in Section 9.04.
“Assignment and Assumption” means an assignment and assumption agreement entered into by a Lender and an assignee (with the consent of any party whose consent is required by Section 9.04), and accepted by the Administrative Agent, in the form of Exhibit A or any other form approved by the Administrative Agent.
“AUD Rate” means, for any Loans denominated in Australian Dollars, the AUD Screen Rate.
“AUD Screen Rate” means, denominated in Australian Dollars, the rate per annum equal to the Bank Bill Swap Reference Bid Rate (“BBSY”), or a comparable or successor rate which rate is approved by the Administrative Agent, as published on the applicable Bloomberg screen page (or such other commercially available source providing such quotations as may be designated by the Administrative Agent from time to time) at or about 10:30 a.m. (Melbourne, Australia time) on the Quotation Day with a term equivalent to such Interest Period.
“Augmenting Lender” has the meaning assigned to such term in Section 2.20.
“Australian Dollars” means the lawful currency of Australia.
“Availability” has the meaning assigned to such term in Section 6.06.
“Availability Period” means the period from and including the Effective Date to but excluding the earlier of the Termination Date and the date of termination of the Commitments pursuant to the terms hereof.
“Bail-In Action” means the exercise of any Write-Down and Conversion Powers by the applicable Resolution Authority in respect of any liability of an Affected Financial Institution.
“Bail-In Legislation” means, (a) with respect to any EEA Member Country implementing Article 55 of Directive 2014/59/EU of the European Parliament and of the Council of the European Union, the implementing law, rule, regulation or requirement for such EEA Member Country from time to time which is described in the EU Bail-In Legislation Schedule, and (b) with respect to the United Kingdom, Part I of the United Kingdom Banking Act 2009 (as amended from time to time) and any other law, regulation or rule applicable in the United Kingdom relating to the resolution of unsound or failing banks, investment firms or other financial institutions or their affiliates (other than through liquidation, administration or other insolvency proceedings).
“Banking Services” means each and any of the following bank services provided to the Company or any Subsidiary by any Lender or any of its Affiliates: (a) credit cards for commercial customers (including, without limitation, commercial credit cards and purchasing cards), (b) stored value cards, (c) merchant processing services and (d) treasury management services (including, without limitation, controlled disbursement, automated clearinghouse transactions, return items, any direct debit scheme or arrangement, overdrafts and interstate depository network services).
“Banking Services Agreement” means any agreement entered into by the Company or any Subsidiary in connection with Banking Services.
“Banking Services Obligations” means any and all obligations of the Company or any Subsidiary, whether absolute or contingent and howsoever and whensoever created, arising, evidenced or acquired (including all renewals, extensions and modifications thereof and substitutions therefor) in connection with Banking Services.
“Bankruptcy Event” means, with respect to any Person, such Person becomes the subject of a bankruptcy or insolvency proceeding, or has had a receiver, conservator, trustee, administrator, custodian, assignee for the benefit of creditors or similar Person charged with the reorganization or liquidation of its business appointed for it, or, in the good faith determination of the Administrative Agent, has taken any action in furtherance of, or indicating its consent to,
approval of, or acquiescence in, any such proceeding or appointment, provided that a Bankruptcy Event shall not result solely by virtue of any ownership interest, or the acquisition of any ownership interest, in such Person by a Governmental Authority or instrumentality thereof, provided, further, that such ownership interest does not result in or provide such Person with immunity from the jurisdiction of courts within the United States or from the enforcement of judgments or writs of attachment on its assets or permit such Person (or such Governmental Authority or instrumentality) to reject, repudiate, disavow or disaffirm any contracts or agreements made by such Person.
“Beneficial Ownership Certification” means a certification regarding beneficial ownership as required by the Beneficial Ownership Regulation.
“Beneficial Ownership Regulation” means 31 C.F.R. § 1010.230.
“Benefit Plan” means any of (a) an “employee benefit plan” (as defined in ERISA) that is subject to Title I of ERISA, (b) a “plan” as defined in and subject to Section 4975 of the Code or (c) any Person whose assets include (for purposes of ERISA Section 3(42) or otherwise for purposes of Title I of ERISA or Section 4975 of the Code) the assets of any such “employee benefit plan” or “plan”.
“BHC Act Affiliate” has the meaning specified in Section 9.20(b).
“Board” means the Board of Governors of the Federal Reserve System of the United States of America.
“Borrower” means the Company or any Foreign Subsidiary Borrower.
“Borrowing” means (a) Revolving Loans of the same Type, made, converted or continued on the same date to the same Borrower and, in the case of Term SOFR Loans, in the same Agreed Currency and as to which a single Interest Period is in effect or (b) a Swingline Loan.
“Borrowing Request” means a notice of (a) a Borrowing, (b) a conversion of Revolving Loans from one Type to the other, or (c) a continuation of Term SOFR Loans, pursuant to Section 2.08, which shall be substantially in the form of Exhibit B-1 or such other form as may be approved by the Administrative Agent (including any form on an electronic platform or electronic transmission system as shall be approved by the Administrative Agent), appropriately completed and signed by a Responsible Officer of a Borrower.
“Borrowing Subsidiary Agreement” means a Borrowing Subsidiary Agreement substantially in the form of Exhibit G-1.
“Borrowing Subsidiary Termination” means a Borrowing Subsidiary Termination substantially in the form of Exhibit G-2.
“British Pounds Sterling” means the lawful currency of the United Kingdom.
“Business Day” means any day other than a Saturday, Sunday or other day on which commercial banks are authorized to close under the Lawslaws of, or are in fact closed in, the state where the Administrative Agent’s Office is located; provided that:
(a)if such day relates to any interest rate settings as to a Foreign Currency Loan denominated in Euro, any fundings, disbursements, settlements and payments in Euro in respect of any such Foreign Currency Loan, or any other dealings in Euro to be carried out pursuant to this Agreement in respect of any such Foreign Currency Loan, means a Business Day that is also a TARGET2TARGET Day;
(b)if such day relates to any interest rate settings as to a Foreign Currency Loan denominated in British Pounds Sterling, means a day other than a day banks are closed for general business in London because such day is a Saturday, Sunday or a legal holiday under the laws of the United Kingdom; and
(c)if such day relates to any fundings, disbursements, settlements and payments in a currency other than Euro in respect of a Foreign Currency Loan denominated in a currency other than Euro, or any other dealings in any currency other than Euro to be carried out pursuant to this Agreement in respect of any such Foreign Currency Loan (other than any interest rate settings), means any such day on which banks are open for foreign exchange business in the principal financial center of the country of such currency.
“Capital Expenditures” means, without duplication, any expenditures for any purchase or other acquisition of any asset which would be classified as a fixed or capital asset on a consolidated balance sheet of the Company and its Subsidiaries prepared in accordance with GAAP, subject to Section 1.04.
“Capital Lease Obligations” of any Person means the obligations of such Person to pay rent or other amounts under any lease of (or other arrangement conveying the right to use) personal property, which obligations are required to be classified and accounted for as capital leases on a balance sheet of such Person under GAAP, and the amount of such obligations shall be the capitalized amount thereof determined in accordance with GAAP, subject to Section 1.04.
“Capital Stock” means (i) in the case of a corporation, corporate stock, (ii) in the case of an association or business entity, any and all shares, interests, participations, rights or other equivalents (however designated) of corporate stock, (iii) in the case of a partnership, partnership interests (whether general or limited) and (iv) any other interest or participation that confers on a Person the right to receive a share of the profits and losses of, or distributions of assets of, the issuing Person.
“Cash Pooling Arrangement” means any netting or set-off arrangement entered into by the Company or any Subsidiary in the ordinary course of its business for the purpose of netting debit and credit balances (including pursuant to cash pooling arrangements in respect of pooled deposit or sweep accounts).
“CFC” means a “controlled foreign corporation” within the meaning of Section 957 of the Code of which the Company or any of its Subsidiaries is a “United States Shareholder” within the meaning of Section 951 of the Code.
“Change in Control” means (a) the acquisition of ownership, directly or indirectly, beneficially or of record, by any Person or group (within the meaning of the Securities Exchange Act of 1934 and the rules of the SEC thereunder as in effect on the Effective Date), of Equity Interests representing more than 30% of the aggregate ordinary voting power represented by the issued and outstanding Equity Interests of the Company (on a fully diluted basis and taking into account any securities or contract rights exercisable, exchangeable or convertible into Equity Interests); (b) occupation of a majority of the seats (other than vacant seats) on the board of directors of the Company by Persons who were neither (i) nominated or approved by the board of directors of the Company nor (ii) appointed by directors so nominated or approved; (c) the acquisition of direct or indirect Control of the Company by any Person or group; (d) the Company ceases to own, directly or indirectly, and Control 100% (other than directors’ qualifying shares) of the ordinary voting and economic power of any Foreign Subsidiary Borrower; or (e) the occurrence of a “change of control”, “fundamental change” or similar occurrence in respect of Permitted Convertible Indebtedness, Permitted Bond Hedge Transactions or Permitted Warrant Transactions and giving rise to a right to payment or purchase prior to scheduled maturity or an exercise of rights and remedies thereunder or in respect thereof.
“Change in Law” means the occurrence, after the Effective Date (or with respect to any Lender, if later, the date on which such Lender becomes a Lender), of any of the following: (a) the adoption or taking effect of any law, rule, regulation or treaty, (b) any change in any law, rule, regulation or treaty or in the administration, interpretation, implementation or application thereof by any Governmental Authority, or (c) the making or issuance of any request, rules, guideline, requirement or directive (whether or not having the force of law) by any Governmental Authority; provided however, that notwithstanding anything herein to the contrary, (i) the Dodd-Frank Wall Street Reform and Consumer Protection Act and all requests, rules, guidelines, requirements and directives thereunder, issued in connection therewith or in implementation thereof, and (ii) all requests, rules, guidelines, requirements and directives promulgated by the Bank for International Settlements, the Basel Committee on Banking Supervision (or any successor or similar authority) or the United States or foreign regulatory authorities, in each case pursuant to Basel III, shall in each case be deemed to be a “Change in Law” regardless of the date enacted, adopted, issued or implemented.
“CME” means CME Group Benchmark Administration Limited.
“Code” means the Internal Revenue Code of 1986.
“Collateral” means all pledged Equity Interests in or upon which a security interest or Lien is from time to time granted to the Administrative Agent, for the benefit of the Holders of Secured Obligations, whether under the Pledge Agreements, under any of the other Collateral Documents or under any of the other Loan Documents.
“Collateral Documents” means all agreements, instruments and documents executed in connection with this Agreement pursuant to which the Administrative Agent is granted a security interest in Collateral, including, without limitation, the Pledge Agreements and all other security agreements, loan agreements, notes, guarantees, subordination agreements, pledges, powers of attorney, consents, assignments, contracts, fee letters, notices, leases, financing statements and all other written matter whether heretofore, now, or hereafter executed by or on behalf of the Company or any of its Subsidiaries and delivered to the Administrative Agent or any of the Lenders, together with all agreements and documents referred to therein or contemplated thereby.
“Commitment” means, with respect to each Lender, the commitment, if any, to make Revolving Loans and to acquire participations in Letters of Credit and Swingline Loans hereunder, expressed as an amount representing the maximum aggregate amount of such Lender’s Credit Exposure hereunder, as such commitment may be (a) reduced or terminated from time to time pursuant to Section 2.09, (b) increased from time to time pursuant to Section 2.20 and (c) reduced or increased from time to time pursuant to assignments by or to such Lender pursuant to Section 9.04. The amount of each Lender’s Commitment on the Effective Date is set forth on Schedule 2.01. The aggregate amount of the Commitments on the FirstThird Amendment Effective Date is $200,000,000100,000,000.
“Commodity Exchange Act” means the Commodity Exchange Act (7 U.S.C. § 1 et seq.), as amended from time to time, and any successor statute.
“Communication” means this Agreement, any Loan Document and any document, amendment, approval, consent, information, notice, certificate, request, statement, disclosure or authorization related to any Loan Document.
“Company” means Heidrick & Struggles International, Inc., a Delaware corporation.
“Computation Date” means (a) with respect to any Loan, each of the following: (i) each date of a Borrowing of a Foreign Currency Term Rate Loan, (ii) each date of a continuation of a Foreign Currency Term Rate Loan, pursuant to Section 2.08, and (iii) such additional dates as the Administrative Agent shall determine or the Required Lenders shall require; and (b) with respect to any Letter of Credit, each of the following: (i) each date of issuance, amendment and/or extension of a Letter of Credit denominated in a Foreign Currency, (ii) each date of any payment by any Issuing Bank under any Letter of Credit denominated in a Foreign Currency, (iii) in the case of all Existing Letters of Credit denominated in a Foreign Currency, the Effective Date, and (iv) such additional dates as the Administrative Agent or any Issuing Bank shall determine or the Required Lenders shall require.
“Conforming Changes” means, with respect to the use, administration of or any conventions associated with SOFR, SONIA or any proposed Successor Rate for an Agreed Currency or Term SOFR, as applicable, any conforming changes to the definitions of “Alternate Base Rate”, “SOFR”, “Term SOFR”, “SONIA” and “Interest Period”, timing and frequency of determining rates and making payments of interest and other technical, administrative or operational matters (including, for the avoidance of doubt, the definitions of “Business Day” and “U.S. Government Securities Business Day”, timing of borrowing requests or prepayment, conversion or continuation notices and length of lookback periods) as may be appropriate, in the discretion of the Administrative Agent, to reflect the adoption and implementation of such applicable rate(s) and to permit the administration thereof by the Administrative Agent in a manner substantially consistent with market practice for such Agreed Currency (or, if the Administrative Agent determines that adoption of any portion of such market practice is not administratively feasible or that no market practice for the administration of such rate for such Agreed Currency exists, in such other manner of administration as the Administrative Agent determines is reasonably necessary in connection with the administration of this Agreement and any other Loan Document).
“Connection Income Taxes” means Other Connection Taxes that are imposed on or measured by net income (however denominated) or that are franchise Taxes or branch profits Taxes.
“Consolidated Capital Expenditures” means, with reference to any period, the Capital Expenditures of the Company and its Subsidiaries calculated on a consolidated basis for such period in accordance with GAAP, excluding Capital Expenditures financed with Indebtedness permitted hereunder other than Loans.
“Consolidated EBITDA” means Consolidated Operating Income plus, (i) Consolidated Interest Income, (ii) depreciation, (iii) amortization, (iv) to the extent deducted in computing Consolidated Operating Income, fees, costs and expenses related to the Transactions, incurred within sixty (60) days after the Effective Date, and (v) to the extent deducted in computing Consolidated Operating Income, (A) cash restructuring charges and integration expenses incurred by the Company in an aggregate amount not to exceed $25,000,000 during the period of four consecutive fiscal quarters most recently ended and (B) non-cash charges, expenses or losses, including non-cash losses recorded in connection with the settlement, extinguishment or conversion of the Permitted Convertible Indebtedness, and minus, to the extent included in computing Consolidated Operating Income, all non-cash income or gains, including non-cash gains recorded in connection with the settlement, extinguishment or conversion of the Permitted Convertible Indebtedness, all calculated for the Company and its Subsidiaries in accordance with GAAP on a consolidated basis for the applicable period.
“Consolidated Interest Coverage Ratio” is defined in Section 6.11.1.
“Consolidated Interest Expense” means, with reference to any period, the interest expense (including without limitation interest expense under Capital Lease Obligations that is
treated as interest in accordance with GAAP) of the Company and its Subsidiaries calculated on a consolidated basis for such period.
“Consolidated Interest Income” means, with reference to any period, the interest income of the Company and its Subsidiaries calculated in accordance with GAAP on a consolidated basis.
“Consolidated Operating Expense” means, with reference to any period, expenses related to salaries, employee benefits and general and administrative expenses, all calculated for the Company and its Subsidiaries on a consolidated basis for such period and otherwise in accordance with GAAP.
“Consolidated Operating Income” means, with reference to any period, the gross revenues less Consolidated Operating Expense, all calculated for the Company and its Subsidiaries on a consolidated basis for such period and as calculated in the manner disclosed by the Company in its Annual Report on Form 10-K for the fiscal year ended December 31, 20172023.
“Consolidated Total Indebtedness” means at any time the aggregate Indebtedness of the Company and its Subsidiaries calculated on a consolidated basis as of such time in accordance with GAAP.
“Control” means the possession, directly or indirectly, of the power to direct or cause the direction of the management or policies of a Person, whether through the ability to exercise voting power, by contract or otherwise. The terms “Controlling” and “Controlled” have meanings correlative thereto.
“Convertible Indebtedness Maturity Date” means the scheduled maturity date of any series or class of Permitted Convertible Indebtedness.
“Covered Entity” has the meaning specified in Section 9.20(b).
“Covered Party” has the meaning specified in Section 9.20(a).
“Credit Event” means a Borrowing, the issuance, amendment, renewal or extension of a Letter of Credit, an LC Disbursement or any of the foregoing.
“Credit Exposure” means, with respect to any Lender at any time, the sum of the outstanding principal amount of such Lender’s Revolving Loans, its LC Exposure and its participation in Swingline Loans at such time.
“Credit Party” means the Administrative Agent, any Issuing Bank, the Swingline Lender or any other Lender (including Designated Lenders).
“CRR” means the Regulation (EU) No 575/2013 of the European Parliament and of the Council of 26 June 2013 on prudential requirements for credit institutions and investment firms and amending Regulation (EU) No 648/2012.
“Daily Simple SOFR” with respect to any applicable determination date means the SOFR published on such date on the Federal Reserve Bank of New York’s website (or any successor source).
“Default” means any event or condition which constitutes an Event of Default or which upon notice, lapse of time or both would, unless cured or waived, become an Event of Default.
“Default Right” has the meaning specified in Section 9.20(b).
“Defaulting Lender” means any Lender that (a) has failed, within two (2) Business Days of the date required to be funded or paid, to (i) fund any portion of its Loans, (ii) fund any portion of its participations in Letters of Credit or Swingline Loans or (iii) pay over to any Credit Party any other amount required to be paid by it hereunder, unless, in the case of clause (i) above, such Lender notifies the Administrative Agent in writing that such failure is the result of such Lender’s good faith determination that a condition precedent to funding (specifically identified and including the particular default, if any) has not been satisfied, (b) has notified the Company or any Credit Party in writing, or has made a public statement to the effect, that it does not intend or expect to comply with any of its funding obligations under this Agreement (unless such writing or public statement indicates that such position is based on such Lender’s good faith determination that a condition precedent (specifically identified and including the particular default, if any) to funding a loan under this Agreement cannot be satisfied) or generally under other agreements in which it commits to extend credit, (c) has failed, within three (3) Business Days after request by a Credit Party, acting in good faith, to provide a certification in writing from an authorized officer of such Lender that it will comply with its obligations (and is financially able to meet such obligations) to fund prospective Loans and participations in then outstanding Letters of Credit and Swingline Loans under this Agreement, provided that such Lender shall cease to be a Defaulting Lender pursuant to this clause (c) upon such Credit Party’s receipt of such certification in form and substance satisfactory to it and the Administrative Agent, or (d) has become the subject of (i) a Bankruptcy Event or (ii) a Bail-In Action; provided that a Lender shall not be a Defaulting Lender solely by virtue of the ownership or acquisition of any Equity Interest in that Lender or any direct or indirect parent company thereof by a Governmental Authority so long as such ownership interest does not result in or provide such Lender with immunity from the jurisdiction of courts within the United States or from the enforcement of judgments or writs of attachment on its assets or permit such Lender (or such Governmental Authority) to reject, repudiate, disavow or disaffirm any contracts or agreements made with such Lender. Any determination by the Administrative Agent that a Lender is a Defaulting Lender shall be conclusive and binding absent manifest error, and such Lender shall be deemed to be a Defaulting Lender (subject to the last sentence of Section 2.24) upon delivery of written notice of such determination to the Company, each Issuing Bank, the Swingline Lender and each Lender. The Administrative Agent shall use commercially reasonable efforts to provide such notice to such Persons upon making such determination.
“Delaware LLC” means any limited liability company organized or formed under the laws of the State of Delaware.
“Delaware Divided LLC” means any Delaware LLC which has been formed upon the consummation of a Delaware LLC Division.
“Delaware LLC Division” means the statutory division of any Delaware LLC into two or more Delaware LLCs pursuant to Section 18-217 of the Delaware Limited Liability Company Act.
“Designated Lender” shall have the meaning set forth in Section 2.25.
“Disclosed Matters” means the actions, suits and proceedings and the environmental matters disclosed in Schedule 3.06 or as otherwise disclosed by the Company in its Annual Report on Form 10-K for the year ended December 31, 2017 and Quarterly Reports on Form 10-Q for the fiscal quarters ended March 31, 2018 and June 30, 2018.
“Disqualified Institution” means, on any date, (a) any Person designated by the Company as a “Disqualified Institution” by written notice delivered to the Administrative Agent on or prior to the ClosingEffective Date and (b) any other Person that is a competitor of the
Company or any of its Subsidiaries, which Person has been designated by the Company as a “Disqualified Institution” by written notice to the Administrative Agent and the Lenders (by posting such notice to the Platform) not less than two (2) Business Days prior to such date; provided that “Disqualified Institutions” shall exclude any Person that the Company has designated as no longer being a “Disqualified Institution” by written notice delivered to the Administrative Agent and the Lenders from time to time.
“Documentation Agent” means HSBC Bank USA, National Association, in its capacity as documentation agent for the credit facilities evidenced by this Agreement.
“Dollar Amount” of any currency at any date shall mean (i) the amount of such currency if such currency is Dollars or (ii) the equivalent amount thereof in Dollars if such currency is a Foreign Currency, calculated on the basis of the Exchange Rate for such currency, on or as of the most recent Computation Date.
“Dollars” or “$” refers to lawful money of the United States of America.
“Domestic Subsidiary” means a Subsidiary organized under the laws of a jurisdiction located in the United States of America.
“Dutch Borrower” means (i) Heidrick & Struggles B.V., a private company with limited liability (“besloten vennootschap met beperkte aansprakelijkheid”) incorporated under the laws of the Netherlands having its corporate seat (statutaire zetel) in Amsterdam, the Netherlands, its registered office at Gustav Mahlerlaan 1244, Noma House eleventh floor, 1081 LA Amsterdam and registered with the Dutch Chamber of Commerce under number 33277877 and (ii) any other Borrower that is organized under the laws of the Netherlands.
“Dutch Non-Public Lender” means: (i) until the publication of an interpretation of “public” as referred to in the CRR by the competent authority/ies: an entity which (x) assumes existing rights and/or obligations vis-à-vis a Dutch Borrower, the value of which is at least €100,000 (or its equivalent in another currency), (y) provides repayable funds for an initial amount of at least €100,000 (or its equivalent in another currency) or (z) otherwise qualifies as not forming part of the public; and (ii) as soon as the interpretation of the term “public” as referred to in the CRR has been published by the relevant authority/ies: an entity which is not considered to form part of the public on the basis of such interpretation.
“ECP” means an “eligible contract participant” as defined in Section 1(a)(18) of the Commodity Exchange Act or any regulations promulgated thereunder and the applicable rules issued by the Commodity Futures Trading Commission and/or the SEC.
“EEA Financial Institution” means (a) any credit institution or investment firm established in any EEA Member Country which is subject to the supervision of an EEA Resolution Authority, (b) any entity established in an EEA Member Country which is a parent of an institution described in clause (a) of this definition, or (c) any financial institution established in an EEA Member Country which is a Subsidiary of an institution described in clauses (a) or (b) of this definition and is subject to consolidated supervision with its parent.
“EEA Member Country” means any of the member states of the European Union, Iceland, Liechtenstein, and Norway.
“EEA Resolution Authority” means any public administrative authority or any Person entrusted with public administrative authority of any EEA Member Country (including any delegee) having responsibility for the resolution of any EEA Financial Institution.
“Effective Date” means October 26, 2018.
“Electronic Record” and “Electronic Signature” shall have the meanings assigned to them, respectively, by 15 USC §7006, as it may be amended from time to time.
“Electronic System” means any electronic system, including e-mail, e-fax, Intralinks®, ClearPar®, Debt Domain, Syndtrak and any other Internet or extranet-based site, whether such electronic system is owned, operated or hosted by the Administrative Agent and any Issuing Bank and any of its respective Related Parties or any other Person, providing for access to data protected by passcodes or other security system.
“Eligible Foreign Subsidiary” means (i) Heidrick & Struggles B.V., a private company with limited liability (“besloten vennootschap met beperkte aansprakelijkheid”) incorporated under the laws of the Netherlands having its corporate seat (statutaire zetel) in Amsterdam, the Netherlands, its registered office at Gustav Mahlerlaan 1244, Noma House eleventh floor, 1081LA Amsterdam and registered with the Dutch Chamber of Commerce under number 33277877 and (ii) any other Foreign Subsidiary that is approved from time to time by the Administrative Agent and each of the Lenders.
“Environmental Laws” means all laws, rules, regulations, codes, ordinances, orders, decrees, judgments, injunctions, notices or binding agreements issued, promulgated or entered into by any Governmental Authority, relating in any way to the environment, preservation or reclamation of natural resources, the management, release or threatened release of any Hazardous Material or to health and safety matters.
“Environmental Liability” means any liability, contingent or otherwise (including any liability for damages, costs of environmental remediation, fines, penalties or indemnities), of the Company or any Subsidiary directly or indirectly resulting from or based upon (a) violation of any Environmental Law, (b) the generation, use, handling, transportation, storage, treatment or disposal of any Hazardous Materials, (c) exposure to any Hazardous Materials, (d) the release or threatened release of any Hazardous Materials into the environment or (e) any contract, agreement or other consensual arrangement pursuant to which liability is assumed or imposed with respect to any of the foregoing.
“Equity Interests” means shares of Capital Stock, partnership interests, membership interests in a limited liability company, beneficial interests in a trust or other equity ownership interests in a Person, and any warrants, options or other rights entitling the holder thereof to purchase or acquire any of the foregoing. For the avoidance of doubt, “Equity Interests” shall not include (x) Permitted Convertible Indebtedness until such time as such Indebtedness is converted into or exchanged for Capital Stock and such Capital Stock has been delivered by the Company to converting or exchanging holders or (y) Permitted Warrant Transactions.
“Equivalent Amount” of any currency with respect to any amount of Dollars at any date shall mean the equivalent in such currency of such amount of Dollars, calculated on the basis of the Exchange Rate for such other currency at 11:00 a.m., New York City time, on the date on or as of which such amount is to be determined.
“ERISA” means the Employee Retirement Income Security Act of 1974, as amended from time to time.
“ERISA Affiliate” means any trade or business (whether or not incorporated) that, together with the Company, is treated as a single employer under Section 414(b) or (c) of the Code or, solely for purposes of Section 302 of ERISA and Section 412 of the Code, is treated as a single employer under Section 414 of the Code.
“ERISA Event” means (a) any “reportable event”, as defined in Section 4043 of ERISA or the regulations issued thereunder with respect to a Plan (other than an event for which the 30-day notice period is waived); (b) the existence with respect to any Plan of an “accumulated funding deficiency” (as defined in Section 412 of the Code or Section 302 of ERISA), whether or not waived; (c) the filing pursuant to Section 412(d) of the Code or Section 303(d) of ERISA of an application for a waiver of the minimum funding standard with respect to any Plan; (d) the incurrence by the Company or any of its ERISA Affiliates of any liability under Title IV of ERISA with respect to the termination of any Plan; (e) the receipt by the Company or any ERISA Affiliate from the PBGC or a plan administrator of any notice relating to an intention to terminate any Plan or Plans or to appoint a trustee to administer any Plan; (f) the incurrence by the Company or any of its ERISA Affiliates of any liability with respect to the withdrawal or partial withdrawal of the Company or any of its ERISA Affiliates from any Plan or Multiemployer Plan; or (g) the receipt by the Company or any ERISA Affiliate of any notice, or the receipt by any Multiemployer Plan from the Company or any ERISA Affiliate of any notice, concerning the imposition upon the Company or any of its ERISA Affiliates of Withdrawal Liability or a determination that a Multiemployer Plan is, or is expected to be, insolvent, within the meaning of Title IV of ERISA.
“EU Bail-In Legislation Schedule” means the EU Bail-In Legislation Schedule published by the Loan Market Association (or any successor person), as in effect from time to time.
“Euro” and/or “EUR” means the single currency of the Participating Member States.
“Eurocurrency Payment Office” of the Administrative Agent shall mean, for each Foreign Currency, the office, branch, affiliate or correspondent bank of the Administrative Agent for such currency as specified from time to time by the Administrative Agent to the Company and each Lender.
“Event of Default” has the meaning assigned to such term in Article VII.
“Exchange Rate” means, on any day, with respect to any Foreign Currency, the rate at which such Foreign Currency may be exchanged into Dollars, as set forth at approximately 11:00 a.m., Local Time, on such date on the Reuters World Currency Page for such Foreign Currency. In the event that such rate does not appear on any Reuters World Currency Page, the Exchange Rate with respect to such Foreign Currency shall be determined by reference to such other publicly available service for displaying exchange rates as may be reasonably selected by the Administrative Agent or, in the event no such service is selected, such Exchange Rate shall instead be calculated on the basis of the arithmetical mean of the buy and sell spot rates of exchange of the Administrative Agent for such Foreign Currency on the London market at 11:00 a.m., Local Time, on such date for the purchase of Dollars with such Foreign Currency, for delivery two Business Days later; provided, that if at the time of any such determination, for any reason, no such spot rate is being quoted, the Administrative Agent, after consultation with the Company, may use any reasonable method it deems appropriate to determine such rate, and such determination shall be conclusive absent manifest error.
“Excluded Swap Obligation” means, with respect to any Loan Party, any Specified Swap Obligation if, and to the extent that, all or a portion of the Guarantee of such Loan Party of, or the grant by such Loan Party of a security interest to secure, such Specified Swap Obligation (or any Guarantee thereof) is or becomes illegal under the Commodity Exchange Act or any rule, regulation or order of the Commodity Futures Trading Commission (or the application or official interpretation of any thereof) by virtue of such Loan Party’s failure for any reason to constitute an ECP at the time the Guarantee of such Loan Party or the grant of such security interest becomes effective with respect to such Specified Swap Obligation. If a
Specified Swap Obligation arises under a master agreement governing more than one swap, such exclusion shall apply only to the portion of such Specified Swap Obligation that is attributable to swaps for which such Guarantee or security interest is or becomes illegal.
“Excluded Taxes” means, with respect to any payment made by any Loan Party under any Loan Document, any of the following Taxes imposed on or with respect to a Recipient:
(d)Taxes imposed on or measured by net income (however denominated), franchise Taxes and branch profits Taxes, in each case, (i) imposed by the jurisdiction (or any political subdivision thereof) under the laws of which such Recipient is organized, in which its principal office is located, or, in the case of any Lender, in which its applicable lending office is located; or (ii) that are Other Connection Taxes;
(e)in the case of a Lender, U.S. federal withholding Taxes imposed on amounts payable to or for the account of such Lender with respect to an applicable interest in any Loan Document pursuant to a law in effect on the date on which (i) such Lender acquires such interest in such Loan Document (other than pursuant to an assignment request by any Borrower under Section 2.19(b)) or (ii) such Lender changes its lending office, except in each case to the extent that, pursuant to Section 2.17(a), amounts with respect to such Taxes were payable either to such Lender'sLender’s assignor immediately before such Lender became a party hereto or to such Lender immediately before it changed its lending office;
(f)Taxes attributable to such Recipient’s failure to comply with Section 2.17(f); and
(g)U.S. federal withholding Taxes imposed under FATCA.
“Existing Credit Agreement” means that certain Second Amended and Restated Credit Agreement, dated as of June 30, 2015, as amended prior to the Effective Date, by and among the Borrowers, the lenders party thereto and JPMorgan Chase Bank, N.A., as administrative agent.
“Extended Letter of Credit” means a Letter of Credit that, upon the Company’s request and the relevant Issuing Bank’s approval, shall have an expiry date later than the Termination Date.
“Facility Office” means the office designated by the applicable Lender through which such Lender will perform its obligations under this Agreement.
“FATCA” means Sections 1471 through 1474 of the Code, as of the Effective Date (or any amended or successor version that is substantively comparable and not materially more onerous to comply with), any current or future regulations or official interpretations thereof and any agreement entered into pursuant to Section 1471(b)(1) of the Code, any intergovernmental agreement entered into in connection with the implementation of such sections of the Code, and any official interpretations thereof.
“Federal Funds Effective Rate” means, for any day, the weighted average (rounded upwards, if necessary, to the next 1/100 of 1%) of the rates on overnight Federal funds transactions with members of the Federal Reserve System, as published on the next succeeding Business Day by the Federal Reserve Bank of New York, or, if such rate is not so published for any day that is a Business Day, the average (rounded upwards, if necessary, to the next 1/100 of 1%) of the quotations for such day for such transactions received by the Administrative Agent from three Federal funds brokers of recognized standing selected by it; provided, that, if the
Federal Funds Effective Rate shall be less than zero, such rate shall be deemed to be zero for purposes of this Agreement.
“Fee Letter” means the letter agreement, dated July13March 17, 20212025, among the Borrowers, the Administrative Agent and BofA Securities, Inc.
“Financial Officer” means the chief financial officer, principal accounting officer, treasurer or controller of the Company.
“Financials” means the annual or quarterly financial statements, and accompanying certificates and other documents, of the Company and its Subsidiaries required to be delivered pursuant to Section 5.01(a) or 5.01(b).
“First Amendment Effective Date” means July 13, 2021.
“First Tier Foreign Subsidiary” means each Foreign Subsidiary with respect to which any one or more of the Company and its Domestic Subsidiaries directly owns or Controls more than 50% of such Foreign Subsidiary’s issued and outstanding Equity Interests.
“Foreign Currencies” means Agreed Currencies other than Dollars.
“Foreign Currency Daily Rate” means, for any day, with respect to any Credit ExtensionEvent:
(h)denominated in British Pounds Sterling, the rate per annum equal to SONIA determined pursuant to the definition thereof plus the SONIA Adjustment; and
(i)denominated in any other Foreign Currency (to the extent such Loans denominated in such currency will bear interest at a daily rate), the daily rate per annum as designated with respect to such Foreign Currency at the time such Foreign Currency is approved by the Administrative Agent and each Lender plus the adjustment (if any) determined by the Administrative Agent and each Lender;
provided, that, if any Foreign Currency Daily Rate shall be less than zero, such rate shall be deemed zero for purposes of this Agreement. Any change in a Foreign Currency Daily Rate shall be effective from and including the date of such change without further notice.
“Foreign Currency Daily Rate Loan” means a Revolving Loan that bears interest at a rate based on the definition of “Foreign Currency Daily Rate.” All Foreign Currency Daily Rate Loans must be denominated in a Foreign Currency.
“Foreign Currency LC Exposure” means, at any time, the sum of (a) the Dollar Amount of the aggregate undrawn and unexpired amount of all outstanding Foreign Currency Letters of Credit at such time plus (b) the aggregate principal Dollar Amount of all LC Disbursements in respect of Foreign Currency Letters of Credit that have not yet been reimbursed at such time.
“Foreign Currency Letter of Credit” means a Letter of Credit denominated in a Foreign Currency.
“Foreign Currency Loan” means a Foreign Currency Daily Rate Loan or a Foreign Currency Term Rate Loan, as applicable.
“Foreign Currency Successor Rate” has the meaning specified in Section 2.14(b).
“Foreign Currency Term Rate” means, for any Interest Period, with respect to any Credit ExtensionEvent:
(j)denominated in Euros, the rate per annum equal to the Euro Interbank Offered Rate (“EURIBOR”), as published on the applicable Reuters screen page (or such other commercially available source providing such quotations as may be designated by the Administrative Agent from time to time) on the day that is two TARGET2TARGET Days preceding the first day of such Interest Period with a term equivalent to such Interest Period;
(k)denominated in Australian dollars, the rate per annum equal to the Bank Bill Swap Reference Bid Rate (“BBSY”), as published on the applicable Reuters screen page (or such other commercially available source providing such quotations as may be designated by the Administrative Agent from time to time) on the Quotation DateDay with a term equivalent to such Interest Period; and
(l)denominated in any other Foreign Currency (to the extent such Loans denominated in such currency will bear interest at a term rate), the term rate per annum as designated with respect to such Foreign Currency at the time such Foreign Currency is approved by the Administrative Agent and each Lender plus the adjustment (if any) determined by the Administrative Agent and each Lender;
provided, that, if any Foreign Currency Term Rate shall be less than zero, such rate shall be deemed zero for purposes of this Agreement.
“Foreign Currency Term Rate Loan” means a Loan that bears interest at a rate based on the definition of “Foreign Currency Term Rate.” All Foreign Currency Term Rate Loans must be denominated in a Foreign Currency.
“Foreign Subsidiary” means (a) a Subsidiary of the Company which is not a Domestic Subsidiary, (b) any Domestic Subsidiary that is a Subsidiary of any Subsidiary described in clause (a) of this definition, and (c) any Foreign Subsidiary Holdco.
“Foreign Subsidiary Borrower” means any Eligible Foreign Subsidiary that becomes a Foreign Subsidiary Borrower pursuant to Section 2.23 and that has not ceased to be a Foreign Subsidiary Borrower pursuant to such Section.
“Foreign Subsidiary Holdco” means any Domestic Subsidiary (a) substantially all of the assets of which consist of the Equity Interests or Indebtedness of one or more Foreign Subsidiaries that is a CFC and (b) that is treated as an entity disregarded as separate from its owner for U.S. federal income Tax purposes and substantially all of the assets of which consist of the Equity Interests or Indebtedness of one or more Foreign Subsidiaries that is a CFC.
“GAAP” means generally accepted accounting principles in the United States of America.
“Governmental Authority” means the government of the United States of America, any other nation or any political subdivision thereof, whether state or local, and any agency, authority, instrumentality, regulatory body, court, central bank or other entity exercising executive, legislative, judicial, taxing, regulatory or administrative powers or functions of or pertaining to government.
“Guarantee” of or by any Person (the “guarantor”) means any obligation, contingent or otherwise, of the guarantor guaranteeing or having the economic effect of guaranteeing any Indebtedness or other obligation of any other Person (the “primary obligor”) in any manner, whether directly or indirectly, and including any obligation of the guarantor, direct
or indirect, (a) to purchase or pay (or advance or supply funds for the purchase or payment of) such Indebtedness or other obligation or to purchase (or to advance or supply funds for the purchase of) any security for the payment thereof, (b) to purchase or lease property, securities or services for the purpose of assuring the owner of such Indebtedness or other obligation of the payment thereof, (c) to maintain working capital, equity capital or any other financial statement condition or liquidity of the primary obligor so as to enable the primary obligor to pay such Indebtedness or other obligation or (d) as an account party in respect of any letter of credit or letter of guaranty issued to support such Indebtedness or obligation; provided, that the term Guarantee shall not include endorsements for collection or deposit in the ordinary course of business.
“Hazardous Materials” means all explosive or radioactive substances or wastes and all hazardous or toxic substances, wastes or other pollutants, including petroleum or petroleum distillates, asbestos or asbestos containing materials, polychlorinated biphenyls, radon gas, infectious or medical wastes and all other substances or wastes of any nature regulated pursuant to any Environmental Law.
“Holders of Secured Obligations” means the holders of the Obligations from time to time and shall include (i) each Lender and each Issuing Bank in respect of its Credit Events, (ii) the Administrative Agent and the Lenders in respect of all other present and future obligations and liabilities of the Company and each Subsidiary of every type and description arising under or in connection with the Credit Agreement or any other Loan Document, (iii) each Lender and Affiliate of such Lender in respect of Swap Agreements and Banking Services Agreements entered into with such Person by the Company or any Subsidiary, (iv) each indemnified party under Section 9.03 in respect of the obligations and liabilities of the Company to such Person hereunder and under the other Loan Documents, and (v) their respective successors and (in the case of a Lender, permitted) transferees and assigns.
“Hostile Acquisition” means (x) the acquisition of the Equity Interests of a Person through a tender offer or similar solicitation of the owners of such Equity Interests which has not been approved (prior to such acquisition) by resolutions of the Board of Directors (or any other applicable governing body) of such Person or by similar action if such Person is not a corporation and (y) any such acquisition as to which such approval has been withdrawn.
“Increasing Lender” has the meaning assigned to such term in Section 2.20.
“Indebtedness” of any Person means, without duplication and subject to Section 1.04(a), (a) all obligations of such Person for borrowed money or with respect to deposits or advances of any kind to such Person, (b) all obligations of such Person evidenced by bonds, debentures, notes or similar instruments, (c) all obligations of such Person upon which interest charges are customarily paid, (d) all obligations of such Person under conditional sale or other title retention agreements relating to property acquired by such Person, (e) all obligations of such Person in respect of the deferred purchase price of property or services (excluding current accounts payable incurred in the ordinary course of business), (f) all Indebtedness of others secured by (or for which the holder of such Indebtedness has an existing right, contingent or otherwise, to be secured by) any Lien on property owned or acquired by such Person, whether or not the Indebtedness secured thereby has been assumed (with the amount of such Indebtedness being the lesser of the amount secured and the fair market value of the property subject to such Lien), (g) all Guarantees by such Person of Indebtedness of others, (h) all Capital Lease Obligations of such Person, (i) all obligations, contingent or otherwise, of such Person as an account party in respect of letters of credit and letters of guaranty and (j) all obligations, contingent or otherwise, of such Person in respect of bankers’ acceptances. The Indebtedness of any Person shall include the Indebtedness of any other entity (including any partnership in which such Person is a general partner) to the extent such Person is liable therefor as a result of such
Person’s ownership interest in or other relationship with such entity, except to the extent the terms of such Indebtedness provide that such Person is not liable therefor. For the avoidance of doubt, “Indebtedness” shall not include Permitted Bond Hedge Transactions or Permitted Warrant Transactions.
“Indemnified Taxes” means (a) Taxes, other than Excluded Taxes, imposed on or with respect to any payment made by any Loan Party under any Loan Document and (b) to the extent not otherwise described in clause (a), Other Taxes.
“Ineligible Institution” has the meaning assigned to such term in Section 9.04(b).
“Interest Election Request” means a request by the applicable Borrower to convert or continue a Borrowing in accordance with Section 2.08.
“Interest Payment Date” means (a) with respect to any ABR Loan (other than a Swingline Loan), the last day of each March, June, September and December and the Termination Date, (b) with respect to any Term SOFR Loan, the last day of the Interest Period applicable to the Borrowing of which such Loan is a part and, in the case of a Term SOFR Borrowing with an Interest Period of more than three months’ duration, each day prior to the last day of such Interest Period that occurs at intervals of three months’ duration after the first day of such Interest Period and the Termination Date, (c) as to any Foreign Currency Daily Rate Loan, the last Business Day of each March, June, September and December and the Termination Date, (d) with respect to any Swingline Loan, the day that such Loan is required to be repaid and the Termination Date and (e) as to any Foreign Currency Term Rate Loan, the last day of each Interest Period applicable to such Loan; provided, however, that if any Interest Period for a Foreign Currency Term Rate Loan exceeds three months, the respective dates that fall every three months after the beginning of such Interest Period shall be Interest Payment Dates.
“Interest Period” means as to each Term SOFR Loan and Foreign Currency Term Rate Loan, the period commencing on the date such Loan is disbursed or converted to or continued as a Term SOFR Loan or Foreign Currency Term Rate Loan, as applicable, and ending on the date one, three or six months thereafter, as selected by the Borrower in its Loan Notice, or such other period that is twelve months or less requested by the Borrower and consented to by all the Lenders and the Administrative Agent (in the case of each requested Interest Period, subject to availability); provided that:
(m)any Interest Period that would otherwise end on a day that is not a Business Day shall be extended to the next succeeding Business Day unless, in the case of a Term SOFR Loan or a Foreign Currency Term Rate Loan only, such Business Day falls in another calendar month, in which case such Interest Period shall end on the next preceding Business Day; and
(n)any Interest Period pertaining to a Term SOFR Loan or a Foreign Currency Term Rate Loan that begins on the last Business Day of a calendar month (or on a day for which there is no numerically corresponding day in the calendar month at the end of such Interest Period) shall end on the last Business Day of the calendar month at the end of such Interest Period.
“Issuing Bank” means each of Bank of America, N.A. and any other Lender, that agrees to act as an Issuing Bank, which is reasonably acceptable to the Company and the Administrative Agent, each in its capacity as the issuer of Letters of Credit hereunder, and its successors in such capacity as provided in Section 2.06(i). Each Issuing Bank may, in its discretion, arrange for one or more Letters of Credit to be issued by Affiliates of such Issuing Bank, in which case the term “Issuing Bank” shall include any such Affiliate with respect to Letters of Credit issued by such Affiliate.
“LC Disbursement” means a payment made by an Issuing Bank pursuant to a Letter of Credit.
“LC Exposure” means, at any time, the sum of (a) the aggregate undrawn Dollar Amount of all outstanding Letters of Credit at such time plus (b) the aggregate Dollar Amount of all LC Disbursements that have not yet been reimbursed by or on behalf of the Company at such time. The LC Exposure of any Lender at any time shall be its Applicable Percentage of the total LC Exposure at such time.
“LC Sublimit” means $25,000,000, as the foregoing amount may be decreased or increased from time to time with the written consent of the Company, the Administrative Agent and the Issuing Banks.
“Lender Parent” means, with respect to any Lender, any Person as to which such Lender is, directly or indirectly, a subsidiary.
“Lender Parties” and “Lender Recipient Parties” mean, collectively, the Lenders, the Swingline Lender and the Issuing Banks.
“Lenders” means the Persons listed on Schedule 2.01 and any other Person that shall have become a Lender hereunder pursuant to Section 2.20 or pursuant to an Assignment and Assumption or other documentation contemplated hereby, other than any such Person that ceases to be a party hereto pursuant to an Assignment and Assumption or other documentation contemplated hereby. Unless the context otherwise requires, the term “Lenders” includes the Issuing Banks and the Swingline Lender.
“Letter of Credit” means any letter of credit issued, or deemed issued, pursuant to this Agreement.
“Leverage Ratio” is defined in Section 6.11.2.
“Lien” means, with respect to any asset, (a) any mortgage, deed of trust, lien, pledge, hypothecation, encumbrance, charge or security interest in, on or of such asset, (b) the interest of a vendor or a lessor under any conditional sale agreement, capital lease or title retention agreement (or any financing lease having substantially the same economic effect as any of the foregoing) relating to such asset and (c) in the case of securities, any purchase option, call or similar right of a third party with respect to such securities.
“Liquidity” means unrestricted cash and cash equivalents of the Company and its Subsidiaries in the United States (or that could be repatriated to the United States (less the applicable combined U.S. federal and state marginal income Tax, and any other applicable foreign Tax, due or payable that would be imposed on the Company or applicable Subsidiary in the case of, and with respect to, the repatriation of such cash to the United States of America, in each case at such time)) at such time in excess of $50,000,000 plus the amount of availability under the Commitments.
“Loan Documents” mean this Agreement, each Borrowing Subsidiary Agreement, each Borrowing Subsidiary Termination, any promissory notes executed and delivered pursuant to Section 2.10(e), the Subsidiary Guaranty, the Collateral Documents and any and all other instruments and documents executed and delivered in connection with any of the foregoing.
“Loan Parties” means, collectively, the Borrowers and the Subsidiary Guarantors.
“Loans” means an extension of credit by a Lender to the Borrowers under Article II in the form of a Revolving Loan or a Swingline Loan.
“Local Time” means (i) New York City time in the case of a Loan, Borrowing or LC Disbursement denominated in Dollars and (ii) local time in the case of a Loan, Borrowing or LC Disbursement denominated in a Foreign Currency (it being understood that such local time shall mean London, England time unless otherwise notified by the Administrative Agent).
“Material Adverse Change” means any event, development or circumstance that has or could reasonably be expected to have a Material Adverse Effect.
“Material Adverse Effect” means a material adverse effect on (a) the business, assets, property, operations or financial condition of the Company and the Subsidiaries taken as a whole, (b) the ability of the Loan Parties, taken as a whole, to perform any of their obligations under the Loan Documents, or (c) the validity or enforceability of any of the Loan Documents or the rights of or benefits available to the Administrative Agent and the Lenders under this Agreement and the other Loan Documents.
“Material Indebtedness” means Indebtedness (other than the Loans and Letters of Credit), or obligations in respect of one or more Swap Agreements, of any one or more of the Company and its Subsidiaries in an aggregate principal amount exceeding $20,000,000. For purposes of determining Material Indebtedness, the “principal amount” of the obligations of the Company or any Subsidiary in respect of any Swap Agreement at any time shall be the maximum aggregate amount (giving effect to any netting agreements) that the Company or such Subsidiary would be required to pay if such Swap Agreement were terminated at such time.
“Material Subsidiaries” means each Subsidiary the consolidated gross revenues of which for the most recent four fiscal quarter period of the Company for which financial statements have been delivered pursuant to Section 5.01 were greater than two and a half percent (2.5%) of the Company’s consolidated gross revenues for such four fiscal quarter period or (ii) the consolidated tangible assets of which as of the end of such four fiscal quarter period were greater than two and a half percent (2.5%) of the Company’s consolidated tangible assets as of such date; provided that, if at the end of any fiscal quarter the aggregate amount of the consolidated gross revenues or consolidated tangible assets of all Subsidiaries that are not Material Subsidiaries exceeds twenty-five percent (25%) of the Company’s consolidated gross revenues for any such four fiscal quarter period or twenty-five percent (25%) of the Company’s consolidated tangible assets as of the end of any such four fiscal quarter period, the Company (or, in the event the Company has failed to do so on the date that it delivers its compliance certificate for such fiscal quarter pursuant to Section 5.01(d), the Administrative Agent) shall designate sufficient Subsidiaries as “Material Subsidiaries” to eliminate such excess, and such designated Subsidiaries shall for all purposes of this Agreement constitute Material Subsidiaries. The Material Subsidiaries on the Effective Date are identified in Schedule 3.01 hereto. For the avoidance of doubt, all Foreign Subsidiary Borrowers and Subsidiary Guarantors shall deemed to be Material Subsidiaries.
“Moody’s” means Moody’s Investors Service, Inc.
“Multiemployer Plan” means a multiemployer plan as defined in Section 4001(a)(3) of ERISA.
“Non-U.S. Lender” means a Lender that is not a U.S. Person.
“Notice of Loan Prepayment” means a notice of prepayment with respect to a Loan, which shall be substantially in the form of Exhibit B-3 or such other form as may be approved by the Administrative Agent (including any form on an electronic platform or electronic transmission system as shall be approved by the Administrative Agent), appropriately completed and signed by a Responsible Officer.
“Obligations” means all Loans, LC Disbursements, advances, debts, liabilities, obligations, covenants and duties owing by the Borrowers or any Subsidiary Guarantor to the Administrative Agent, any Lender, any Issuing Bank, any Affiliate of the Administrative Agent or any Lender, any Issuing Bank, or any indemnified Person hereunder, of any kind or nature, present or future, arising under this Agreement, the Subsidiary Guaranty, any Collateral Document or any other Loan Document, whether or not evidenced by any note, guaranty or other instrument, whether or not for the payment of money, whether arising by reason of an extension of credit, loan, guaranty, indemnification, or in any other manner, whether direct or indirect (including those acquired by assignment), absolute or contingent, due or to become due, now existing or hereafter arising and however acquired provided, however, that (i) the “Obligations” of a Subsidiary Guarantor shall exclude any Excluded Swap Obligations with respect to such Subsidiary Guarantor, and (ii) for the avoidance of doubt, “Obligations” shall not include Permitted Convertible Indebtedness, Permitted Bond Hedge Transactions and Permitted Warrant Transactions. The term includes, without limitation, all interest, charges, expenses, fees, reasonable attorneys’ fees and disbursements, reasonable paralegals’ fees (in each case whether or not allowed), and any other sum chargeable to the Borrowers or any Subsidiary Guarantor under this Agreement or any other Loan Document.
“OFAC” means Office of Foreign Assets Control of the United States Department of the Treasury.
“Other Connection Taxes” means, with respect to any Recipient, Taxes imposed as a result of a present or former connection between such Recipient and the jurisdiction imposing such Tax (other than a connection arising from such Recipient having executed, delivered, enforced, become a party to, performed its obligations under, received payments under, received or perfected a security interest under, or engaged in any other transaction pursuant to, or enforced, any Loan Document, or sold or assigned an interest in any Loan Document).
“Other Taxes” means any present or future stamp, court, documentary, intangible, recording, filing or similar Taxes that arise from any payment made under, from the execution, delivery, performance, enforcement or registration of, from the receipt or perfection of a security interest under, or otherwise with respect to, any Loan Document, except any such Taxes that are Other Connection Taxes imposed with respect to an assignment (other than an assignment under Section 2.19(b)).
“Overnight Foreign Currency Rate” means, for any amount payable in a Foreign Currency, the rate of interest per annum as determined by the Administrative Agent at which overnight or weekend deposits in the relevant currency (or if such amount due remains unpaid for more than three (3) Business Days, then for such other period of time as the Administrative Agent may elect) for delivery in immediately available and freely transferable funds would be offered by the Administrative Agent to major banks in the interbank market upon request of such major banks for the relevant currency as determined above and in an amount comparable to the unpaid principal amount of the related Credit Event, plus any taxes, levies, imposts, duties, deductions, charges or withholdings imposed upon, or charged to, the Administrative Agent by any relevant correspondent bank in respect of such amount in such relevant currency.
“Participant” has the meaning assigned to such term in Section 9.04(c).
“Participant Register” has the meaning assigned to such term in Section 9.04(c).
“Participating Member State” means any member state of the European Union that adopts or has adopted the euro as its lawful currency in accordance with legislation of the European Union relating to economic and monetary union.
“Patriot Act” means the USA PATRIOT Act (Title III of Pub. L. 107-56 (signed into law October 26, 2001)).
“PBGC” means the Pension Benefit Guaranty Corporation referred to and defined in ERISA and any successor entity performing similar functions.
“Permitted Acquisition” means any acquisition (whether by purchase, merger, consolidation or otherwise but excluding in any event a Hostile Acquisition) by the Company or any Subsidiary of (i) all or substantially all the assets of a Person or division or line of business of a Person or (ii) at least a majority of the voting Equity Interests in a Person, in each case whether or not involving a merger or consolidation with such other Person, if, at the time of and immediately after giving effect thereto, (a) no Default has occurred and is continuing or would result therefrom, (b) the principal business of such Person shall be reasonably related to, or strategically aligned with, a business in which the Company and the Subsidiaries were engaged on the Effective Date, (c) each Subsidiary formed for the purpose of or resulting from such acquisition shall, to the extent required under the definition of “Subsidiary Guarantor”, be a Subsidiary Loan Party, and all actions required to be taken with respect to such acquired or newly formed Subsidiary under Sections 5.09 and 5.10 shall have been taken, (d) the Company and the Subsidiaries (i) are in compliance, on a pro forma basis after giving effect to such acquisition, with the covenant contained in Section 6.11.1 recomputed as of the last day of the most recently ended fiscal quarter of the Company for which financial statements are available, as if such acquisition (and any related incurrence or repayment of Indebtedness, with any new Indebtedness being deemed to be amortized over the applicable testing period in accordance with its terms) had occurred on the first day of each relevant period for testing such compliance and (ii) the Leverage Ratio, on a pro forma basis after giving effect to such acquisition, would not exceed 2.50 to 1.00 and (e) with respect to an acquisition in respect of which the sum of all cash consideration paid or delivered in connection therewith exceeds $30,000,000, the Company has delivered to the Administrative Agent an officers’ certificate to the effect set forth in clauses (a), (b), and (c) and (d) above, together with all relevant financial information for the Person or assets to be acquired and reasonably detailed calculations demonstrating to the satisfaction of the Administrative Agent the requirement set forth in clause (d) above (including with respect to any pro forma calculations)..
“Permitted Bond Hedge Transactions” means any call or capped call option (or substantively equivalent derivative transaction) relating to the Company’s common stock (or other securities or property following a merger event or other change of the common stock of the Company) purchased by Company in connection with the issuance of any Permitted Convertible Indebtedness; provided that the purchase price for such Permitted Bond Hedge Transactions, less the proceeds received by Company from the sale of any related Permitted Warrant Transactions, does not exceed the net proceeds received by the Company from the issuance of such Permitted Convertible Indebtedness in connection with such Permitted Bond Hedge Transactions.
“Permitted Convertible Indebtedness” means notes, bonds, indentures or similar instruments issued by the Company that are convertible into or exchangeable for (x) cash, (y) shares of the common stock of the Company (or securities or property of another Person following a merger event or other change of the common stock of the Company) or (z) a combination thereof.
“Permitted Encumbrances” means:
(o)Liens imposed by law for taxes that are not yet due or are being contested in compliance with Section 5.04;
(p)carriers’, warehousemen’s, mechanics’, materialmen’s, repairmen’s and other like Liens imposed by law, arising in the ordinary course of business and securing
obligations that are not overdue by more than 45 days or are being contested in compliance with Section 5.04;
(q)pledges and deposits made in the ordinary course of business in compliance with workers’ compensation, unemployment insurance and other social security laws or regulations;
(r)deposits to secure the performance of bids, trade contracts, leases, statutory obligations, surety and appeal bonds, performance bonds and other obligations of a like nature, in each case in the ordinary course of business;
(s)judgment liens in respect of judgments that do not constitute an Event of Default under clause (k) of Article VII;
(t)easements, zoning restrictions, rights-of-way and similar encumbrances on real property imposed by law or arising in the ordinary course of business that do not secure any monetary obligations and do not materially detract from the value of the affected property or interfere with the ordinary conduct of business of the Company or any Subsidiary; provided that the term “Permitted Encumbrances” shall not include any Lien securing Indebtedness other than the Liens permitted under Section 6.02; and
(u)usual and customary possessory liens and rights of setoff in favor of banks and brokerages in respect of deposit and investment accounts, and including liens that are contractual rights of set-off or other rights of set-off arising by operation of law relating to Cash Pooling Arrangements to permit satisfaction of overdraft or similar obligations incurred in the ordinary course of business of the Company or any Subsidiary.
“Permitted Foreign Reorganization Transfers” means, to the extent approved by the Administrative Agent, loans, advances or capital contributions by and among the Company and its Subsidiaries in order to implement the reorganization of the Company’s Foreign Subsidiaries and foreign branches.
“Permitted Investments” means:
(v)direct obligations of, or obligations the principal of and interest on which are unconditionally guaranteed by, the United States of America, in each case maturing within one year from the date of acquisition thereof;
(w)direct obligations of any agency of the United States of America, in each case maturing within one year from the date of acquisition thereof;
(x)municipal investments and direct obligations of any State of the United States of America, in each case with a rating of BBB+ or higher and a maximum maturity of 12 months (for securities where the interest rate is adjusted periodically (e.g. floating rate securities), the reset date will be used to determine the maturity date);
(y)investments in commercial paper maturing within 270 days from the date of acquisition thereof and having, at such date of acquisition, a rating of A-2 from S&P and P-2 from Moody’s;
(z)investments in certificates of deposit, banker’s acceptances and time deposits maturing within one year from the date of acquisition thereof issued or guaranteed by or placed with, and money market deposit accounts issued or offered by, any Lender or any domestic office of any commercial bank organized under the laws of the United States of America or any State thereof which has a combined capital and surplus and undivided profits of not less than $500,000,000;
(aa)fully collateralized repurchase agreements with a term of not more than 30 days for securities described in clause (a) above and entered into with a financial institution satisfying the criteria described in clause (e) above;
(ab)money market funds that (i) comply with the criteria set forth in Securities and Exchange Commission Rule 2a-7 under the Investment Company Act of 1940, (ii) are rated AAA by S&P and Aaa by Moody’s and (iii) have portfolio assets of at least $500,000,000;
(ac)in the case of investments of any Foreign Subsidiary or non-domestic branch of the Company, securities issued by any foreign government or any political subdivision of any foreign government or any public instrumentality thereof having maturities of not more than one year from the date of the acquisitions thereof and, at the time of the acquisition thereof, having an investment grade credit rating obtainable from S&P, Moody’s, or other generally recognized rating agency;
(ad)investments in readily marketable investment grade rated bonds of any Person having, at such date of acquisition, a rating equal to or higher than Baa3 (or the equivalent) by Moody’s and BBB- (or the equivalent) by S&P;
(ae)investments in funds that invest solely in one or more of types of securities described in clauses (a) through (i) above; and
(af)in the case of investments by any Foreign Subsidiary or non-domestic branch of the Company, (i) investments in time deposits maturing within one year from the date of acquisition thereof issued or guaranteed by or placed with any highly capitalized commercial bank which is located in the jurisdiction where such non-domestic branch of the Company or such Foreign Subsidiary is located and which bank has an investment grade credit rating obtainable from S&P, Moody’s or other generally recognized rating agency and (ii) other investments in money market funds domiciled in such jurisdiction that (x) are rated AAA by S&P and AAA by Moody’s and (y) have portfolio assets of at least $2,000,000,000.
“Permitted Two-Year Investments” means:
(ag)direct obligations of, or obligations the principal of and interest on which are unconditionally guaranteed by, the United States of America, in each case maturing within two years from the date of acquisition thereof;
(ah)direct obligations of any agency of the United States of America, in each case maturing within two years from the date of acquisition thereof;
(ai)municipal investments and direct obligations of any State of the United States of America with a rating of BBB+ or higher and a maximum maturity of two years (for securities where the interest rate is adjusted periodically (e.g. floating rate securities), the reset date will be used to determine the maturity date);
(aj)investments in certificates of deposit, banker’s acceptances and time deposits maturing within two years from the date of acquisition thereof issued or guaranteed by or placed with, and money market deposit accounts issued or offered by, any Lender or any domestic office of any commercial bank organized under the laws of the United States of America or any State thereof which has a combined capital and surplus and undivided profits of not less than $500,000,000;
(ak)in the case of investments by any Foreign Subsidiary or non-domestic branch of the Company, securities issued by any foreign government or any political subdivision of any foreign government or any public instrumentality thereof having maturities of not more
than two years from the date of the acquisitions thereof and, at the time of the acquisition thereof, having an investment grade credit rating obtainable from S&P, Moody’s, or other generally recognized rating agency;
(al)investments in funds that invest solely in one or more of the types of securities described in clauses (a) through (e) above; and
(am)in the case of investments by any non-domestic branch of the Company or any Foreign Subsidiary, investments in time deposits maturing within two years from the date of acquisition thereof issued or guaranteed by or placed with any highly capitalized commercial bank which is located in the jurisdiction where such non-domestic branch of the Company or such Foreign Subsidiary is located and which bank has an investment grade credit rating obtainable from S&P, Moody’s or other generally recognized rating agency.
“Permitted Warrant Transactions” means any call option, warrant or right to purchase (or substantively equivalent derivative transaction) relating to the Company’s common stock (or other securities or property following a merger event or other change of the common stock of the Company) sold by the Company substantially concurrently in connection with any purchase by the Company of a related Permitted Bond Hedge Transaction.
“Person” means any natural person, corporation, limited liability company, trust, joint venture, association, company, partnership, Governmental Authority or other entity.
“Plan” means any employee pension benefit plan (other than a Multiemployer Plan) subject to the provisions of Title IV of ERISA or Section 412 of the Code or Section 302 of ERISA, and in respect of which the Company or any ERISA Affiliate is (or, if such plan were terminated, would under Section 4069 of ERISA be deemed to be) an “employer” as defined in Section 3(5) of ERISA.
“Platform” means Debt Domain, Intralinks, Syndtrak or a substantially similar electronic transmission system.
“Pledge Agreements” means the pledge agreements, share mortgages, charges and comparable instruments and documents from time to time executed pursuant to the terms of Section 5.10 in favor of the Administrative Agent for the benefit of the Holders of Secured Obligations as amended, restated, supplemented or otherwise modified from time to time.
“Pledged Subsidiary” means each Foreign Subsidiary a portion of the Equity Interests of which has been pledged pursuant to a Pledge Agreement in accordance with Section 5.10.
“Prime Rate” means the rate of interest per annum publicly announced from time to time by Bank of America, N.A. as its prime rate in effect at its principal office in New York City; each change in the Prime Rate shall be effective from and including the date such change is publicly announced as being effective.
“PTE” means a prohibited transaction class exemption issued by the U.S. Department of Labor, as any such exemption may be amended from time to time.
“QFC” has the meaning specified in Section 9.20(b).
“Quotation Day” means two (2) Business Days prior to the commencement of such Interest Period (or such other day as is generally treated as the rate fixing day by market practice in such interbank market, as determined by the Administrative Agent; provided that to the extent such market practice is not administratively feasible for the Administrative Agent,
then “Quotation Day” means such other day as otherwise reasonably determined by the Administrative Agent).
“Recipient” means (a) the Administrative Agent, (b) any Lender and (c) any Issuing Bank, as applicable.
“Register” has the meaning set forth in Section 9.04.
“Regulation T” means Regulation T of the Board as from time to time in effect and any successor or other regulation or official interpretation of the Board relating to the extension of credit by securities brokers and dealers, including all members of national securities exchanges.
“Regulation U” means Regulation U of the Board as from time to time in effect and any successor or other regulation or official interpretation of the Board relating to the extension of credit by banks for the purpose of purchasing or carrying margin stocks applicable to member banks of the Federal Reserve System.
“Regulation X” means Regulation X of the Board as from time to time in effect and any successor or other regulation or official interpretation of the Board for the purpose of applying the provisions of Regulation T and Regulation U to borrowers who are subject to United States laws and who obtain credit within or outside the United States for the purpose of purchasing securities.
“Related Parties” means, with respect to any specified Person, such Person’s Affiliates and the respective directors, officers, employees, agents and advisors of such Person and such Person’s Affiliates.
“Relevant Governmental Body” means (a) with respect to Loans denominated in Dollars, the Federal Reserve Board and/or the Federal Reserve Bank of New York, or a committee officially endorsed or convened by the Federal Reserve Board and/or the Federal Reserve Bank of New York, (b) with respect to Loans denominated in British Pounds Sterling, the Bank of England, or a committee officially endorsed or convened by the Bank of England or, in each case, any successor thereto, (c) with respect to Loans denominated in Euros, the European Central Bank, or a committee officially endorsed or convened by the European Central Bank or, in each case, any successor thereto, and (d) with respect to Loans denominated in any other Agreed Currency, (i) the central bank for the currency in which such Loan is denominated or any central bank or other supervisor which is responsible for supervising either (x) such Successor Rate or (y) the administrator of such Successor Rate or (ii) any working group or committee officially endorsed or convened by (w) the central bank for the currency in which such Successor Rate is denominated, (x) any central bank or other supervisor that is responsible for supervising either (A) such Successor Rate or (B) the administrator of such Successor Rate, (y) a group of those central banks or other supervisors or (z) the Financial Stability Board or any part thereof.
“Relevant Rate” means with respect to any Credit ExtensionEvent denominated in (a) Dollars, Term SOFR, (b) Sterling, SONIA, (c) Euros, EURIBOR and (d) Australian Dollars, BBSY, as applicable.
“Required Lenders” means, at any time, Lenders having Credit Exposures and unused Commitments representing more than 50% of the sum of the total Credit Exposures and unused Commitments at such time. The Credit Exposure of any Defaulting Lender shall be disregarded in determining Required Lenders at any time; provided that, the amount of any participation in any Swingline Loan and unreimbursed LC Disbursements that such Defaulting Lender has failed to fund that have not been reallocated to and funded by another Lender shall be
deemed to be held by the Lender that is the Swingline Lender or an Issuing Bank, as the case may be, in making such determination.
“Rescindable Amount” has the meaning as defined in Section 2.18(d)(ii).
“Resolution Authority” means an EEA Resolution Authority or, with respect to any UK Financial Institution, a UK Resolution Authority.
“Restricted Payment” means (a) any dividend or other distribution (whether in cash, securities or other property) with respect to any Equity Interests in the Company or any Subsidiary, or any payment (whether in cash, securities or other property), (b) any sinking fund or similar deposit, on account of the purchase, redemption, retirement, acquisition, cancellation or termination of any such Equity Interests in the Company or any Subsidiary, (c) any option, warrant or other right to acquire any such Equity Interests in the Company or any Subsidiary, (d) the initial premium amount for a Permitted Bond Hedge Transaction and the sales proceeds from a Permitted Warrant Transaction in connection with Permitted Convertible Indebtedness, taken together as a single transaction, on a net basis, and (e) any payment made in cash to holders of Permitted Convertible Indebtedness in excess of the original principal (or notional) amount thereof and interest solely on such excess amount, unless and to the extent that a corresponding amount is received in cash (whether through a direct cash payment or a settlement in shares of stock that are immediately sold for cash) substantially contemporaneously from the other parties to a Permitted Bond Hedge Transaction relating to such Permitted Convertible Indebtedness, and (f) any cash payment made in connection with the settlement of a Permitted Warrant Transaction to the extent the Company has the option of satisfying such payment obligation through the issuance of shares of common stock.
“Responsible Officer” means the chief executive officer, president, vice president, chief financial officer, treasurer, assistant treasurer, controller, director or other authorized representative of a Loan Party, solely for purposes of the delivery of incumbency certificates pursuant to Section 4.01, the secretary or any assistant secretary of a Loan Party and, solely for purposes of notices given pursuant to Article II, any other officer or employee of the applicable Loan Party so designated by any of the foregoing officers in a notice to the Administrative Agent or any other officer or employee of the applicable Loan Party designated in or pursuant to an agreement between the applicable Loan Party and the Administrative Agent. Any document delivered hereunder that is signed by a Responsible Officer of a Loan Party shall be conclusively presumed to have been authorized by all necessary corporate, partnership and/or other action on the part of such Loan Party and such Responsible Officer shall be conclusively presumed to have acted on behalf of such Loan Party. To the extent requested by the Administrative Agent, each Responsible Officer will provide an incumbency certificate and to the extent requested by the Administrative Agent, appropriate authorization documentation, in form and substance satisfactory to the Administrative Agent.
“Revolving Loan” has the meaning specified in Section 2.01.
“S&P” means Standard & Poor’s Ratings Services, a Standard & Poor’s Financial Services LLC business, a subsidiary of The McGraw-Hill Companies, Inc., and any successor thereto.
“Same Day Funds” means (a) with respect to disbursements and payments in Dollars, immediately available funds, and (b) with respect to disbursements and payments in a Foreign Currency, same day or other funds as may be determined by the Administrative Agent or an Issuing Bank, as the case may be, to be customary in the place of disbursement or payment for the settlement of international banking transactions in the relevant Foreign Currency.
“Sanctioned Country” means, at any time, a country, region or territory which is itself the subject or target of any Sanctions (at the time of this Agreement, Crimea, Cuba, Iran, North Korea, Sudan and Syria).
“Sanctioned Person” means, at any time, (a) any Person listed in any Sanctions-related list of designated Persons maintained by OFAC, the U.S. Department of State, the United Nations Security Council, HerHis Majesty’s Treasury (“HMT”), the European Union or any European Union member state in which the Company or any Subsidiary conducts business, (b) any Person operating, organized or resident in a Sanctioned Country or (c) any Person owned or controlled by any such Person or Persons described in the foregoing clauses (a) or (b).
“Sanctions” means all economic or financial sanctions or trade embargoes imposed, administered or enforced from time to time and applicable to the Company or any Subsidiary by (a) the U.S. government, including those administered by OFAC or the U.S. Department of State or (b) the United Nations Security Council, the European Union, any European Union member state in which the Company or any Subsidiary conducts business or Her, the Hong Kong Monetary Authority or His Majesty’s Treasury of the United Kingdom.
“Scheduled Unavailability Date” has the meaning specified in Section 2.14(c).
“SEC” means the United States Securities and Exchange Commission.
“Secured Obligations” means, collectively, (i) the Obligations, (ii) all Banking Services Obligations owing to one or more Lenders and their respective Affiliates and (iii) all Swap Obligations; provided that the definition of “Secured Obligations” shall not create or include any guarantee by any Loan Party of (or grant of security interest by any Loan Party to support, as applicable) any Excluded Swap Obligations of such Loan Party for purposes of determining any obligations of any Loan Party.
“SOFR” means the Secured Overnight Financing Rate as administered by the Federal Reserve Bank of New York (or a successor administrator).
“SOFR Adjustment” means 0.10%.
“SONIA” means, with respect to any applicable determination date, the Sterling Overnight Index Average Reference Rate published on the fifth Business Day preceding such date on the applicable Reuters screen page (or such other commercially available source providing such quotations as may be designated by the Administrative Agent from time to time); provided however that if such determination date is not a Business Day, SONIA means such rate that applied on the first Business Day immediately prior thereto.
“SONIA Adjustment” means, with respect to SONIA, 0.0326% per annum.
“Specified Swap Obligation” means, with respect to any Loan Party, any obligation to pay or perform under any agreement, contract or transaction that constitutes a “swap” within the meaning of Section 1a(47) of the Commodity Exchange Act or any rules or regulations promulgated thereunder.
“Statutory Reserve Rate” means a fraction (expressed as a decimal), the numerator of which is the number one and the denominator of which is the number one minus the aggregate of the maximum reserve, liquid asset, fees or similar requirements (including any marginal, special, emergency or supplemental reserves or other requirements) established by any central bank, monetary authority, the Board, the United Kingdom Financial Conduct Authority, the United Kingdom Prudential Regulation Authority, the European Central Bank or other Governmental Authority for any category of deposits or liabilities customarily used to fund loans
in the applicable currency, expressed in the case of each such requirement as a decimal. Such reserve, liquid asset, fees or similar requirements shall include those imposed pursuant to Regulation D of the Board. The Statutory Reserve Rate shall be adjusted automatically on and as of the effective date of any change in any reserve, liquid asset or similar requirement.
“Subordinated Indebtedness” means any Indebtedness of the Company or any Subsidiary the payment of which is subordinated to payment of the obligations under the Loan Documents pursuant to a subordination agreement on terms reasonably acceptable to the Administrative Agent.
“subsidiary” means, with respect to any Person (the “parent”) at any date, any corporation, limited liability company, partnership, association or other entity the accounts of which would be consolidated with those of the parent in the parent’s consolidated financial statements if such financial statements were prepared in accordance with GAAP as of such date, as well as any other corporation, limited liability company, partnership, association or other entity (a) of which securities or other ownership interests representing more than 50% of the equity or more than 50% of the ordinary voting power or, in the case of a partnership, more than 50% of the general partnership interests are, as of such date, owned, controlled or held, or (b) that is, as of such date, otherwise Controlled, by the parent or one or more subsidiaries of the parent or by the parent and one or more subsidiaries of the parent.
“Subsidiary” means any subsidiary of the Company.
“Subsidiary Guarantor” means each Subsidiary (other than (x) any Foreign Subsidiary to the extent (a) such Foreign Subsidiary is a CFC, a Subsidiary of a CFC or a Foreign Subsidiary Holdco (unless, as determined by the Company acting in good faith or upon advice of its tax advisors that, causing any such Subsidiary to become a Subsidiary Guarantor would not have disadvantageous tax implications for the Company or any Domestic Subsidiary under Section 956 of the Code (or any successor provision or any applicable U.S. Treasury Regulation)) or (b) designation or continuation of such Foreign Subsidiary as a Subsidiary Guarantor would be prohibited by applicable law - each such Foreign Subsidiary, an “Affected Foreign Subsidiary”) or (y) any non-wholly owned Subsidiary to the extent that designation or continuation of such non-wholly owned Subsidiary as a Subsidiary Guarantor would be prohibited (a) by applicable law or (b) by the terms of its organizational documents or other contractual restrictions from being a Subsidiary Guarantor so long as such prohibition was not created in contemplation of or in connection with such Person becoming a Subsidiary (each such non-wholly owned Subsidiary an “Affected Non-Wholly Owned Subsidiary” and together with the Affected Foreign Subsidiary, each an “Affected Subsidiary”)) (i) the consolidated gross revenues of which for the most recent four fiscal quarter period of the Company for which financial statements have been delivered pursuant to Section 5.01 were greater than five percent (5%) of the Company’s consolidated gross revenues for such four fiscal quarter period or (ii) the consolidated tangible assets of which as of the end of such four fiscal quarter period were greater than five percent (5%) of the Company’s consolidated tangible assets as of such date; provided that, if at the end of any fiscal quarter the aggregate amount of the consolidated gross revenues or consolidated tangible assets of all Subsidiaries that are not Subsidiary Guarantors exceeds thirty-five percent (35%) of the Company’s consolidated gross revenues for any such four fiscal quarter period or thirty-five percent (35%) of the Company’s consolidated tangible assets as of the end of any such four fiscal quarter period, the Company (or, in the event the Company has failed to do so on the date that it delivers its compliance certificate for such fiscal quarter pursuant to Section 5.01(d), the Administrative Agent) shall designate sufficient Subsidiaries (other than Affected Subsidiaries) as “Subsidiary Guarantors” to eliminate such excess, and such designated Subsidiaries shall for all purposes of this Agreement constitute Subsidiary Guarantors. The Subsidiary Guarantors on the Effective Date are identified in Schedule 3.01 hereto.
“Subsidiary Guaranty” means that certain Guaranty dated as of the Effective Date in substantially the form of Exhibit E (including any and all supplements thereto) and executed by each Subsidiary Guarantor party thereto, and, in the case of any guaranty by a Foreign Subsidiary, any other guaranty agreements as are requested by the Administrative Agent and its counsel, in each case as amended, restated, supplemented or otherwise modified from time to time.
“Subsidiary Loan Party” means a Subsidiary Guarantor or a Pledged Subsidiary.
“Successor Rate” means either a Foreign Currency Successor Rate or a Term SOFR Successor Rate, as the context may require.
“Supported QFC” has the meaning specified in Section 9.20.
“Swap Agreement” means any agreement with respect to any swap, forward, future or derivative transaction or option or similar agreement involving, or settled by reference to, one or more rates, currencies, commodities, equity or debt instruments or securities, or economic, financial or pricing indices or measures of economic, financial or pricing risk or value or any similar transaction or any combination of these transactions; provided that no phantom stock or similar plan (including, without limitation, restricted stock awards, options and other incentive compensation plans) providing for payments only on account of services provided by current or former directors, officers, employees or consultants of the Company or the Subsidiaries shall be a Swap Agreement; provided that, for the avoidance of doubt, “Swap Agreement” shall not include any Permitted Convertible Indebtedness, any Permitted Bond Hedge Transactions or Permitted Warrant Transactions.
“Swap Obligations” means all indebtedness, obligations and liabilities of the Company or any Subsidiary of the Company under Swap Agreements to any Lender or any Affiliate of a Lender.
“Swingline Borrowing” means a borrowing of a Swingline Loan pursuant to Section 2.05.
“Swingline Exposure” means, at any time, the aggregate principal amount of all Swingline Loans outstanding at such time. The Swingline Exposure of any Lender at any time shall be the sum of (a) its Applicable Percentage of the total Swingline Exposure at such time other than with respect to any Swingline Loans made by such Lender in its capacity as a Swingline Lender and (b) the aggregate principal amount of all Swingline Loans made by such Lender as a Swingline Lender outstanding at such time (less the amount of participations funded by the other Lenders in such Swingline Loans).
“Swingline Lender” means Bank of America in its capacity as provider of Swingline Loans, or any successor swingline lender hereunder.
“Swingline Loan” has the meaning specified in Section 2.05.
“Swingline Loan Request” means a notice of a Swingline Borrowing pursuant to Section 2.05(b), which shall be in a form approved by the Administrative Agent (including any form on an electronic platform or electronic transmission system as shall be approved by the Administrative Agent), appropriately completed and signed by a Responsible Officer of the Company.
“Swingline Sublimit” means an amount equal to the lesser of (a) $10,000,000 and (b) the Commitment. The Swingline Sublimit is part of, and not in addition to, the Commitments.
“Syndication Agent” means Truist Bank in its capacity as syndication agent for the credit facilities evidenced by this Agreement.
“T2” means the real time gross settlement system operated by the Eurosystem, or any successor system.
“TARGET2 Day” means the Trans-European Automated Real-time Gross Settlement Express Transfer (TARGET2) payment system“TARGET2 Day” means any day on which T2 (or, if such payment system ceases to be operative, such other payment system (, if any) reasonably, determined by the Administrative Agent to be a suitable replacement) is open for the settlement of payments in Euro.
“TARGET2 Day” means a day that TARGET2 is open for the settlement of payments in Euro.
“Taxes” means any present or future taxes, levies, imposts, duties, deductions, withholdings, assessments, fees or other charges imposed by any Governmental Authority, including any interest, additions to tax or penalties applicable thereto.
“Term SOFR” means:
(an)for any Interest Period with respect to a Term SOFR Loan, the rate per annum equal to the Term SOFR Screen Rate two U.S. Government Securities Business Days prior to the commencement of such Interest Period with a term equivalent to such Interest Period; provided that if the rate is not published prior to 11:00 a.m. on such determination date then Term SOFR means the Term SOFR Screen Rate on the first U.S. Government Securities Business Day immediately prior thereto, in each case, plus the SOFR Adjustment; and
(ao)for any interest calculation with respect to an ABR Loan on any date, the rate per annum equal to the Term SOFR Screen Rate two U.S. Government Securities Business Days prior to such date with a term of one month commencing that day; provided that if the rate is not published prior to 11:00 a.m. on such determination date then Term SOFR means the Term SOFR Screen Rate on the first U.S. Government Securities Business Day immediately prior thereto, in each case, plus the SOFR Adjustment for such term;
provided that if the Term SOFR determined in accordance with either of the foregoing provisions (a) or (b) of this definition would otherwise be less than zero, the Term SOFR shall be deemed zero for purposes of this Agreement.
“Term SOFR Loan” means a Loan that bears interest at a rate based on clause (a) of the definition of Term SOFR.
“Term SOFR Screen Rate” means the forward-looking SOFR term rate administered by CME (or any successor administrator satisfactory to the Administrative Agent) and published on the applicable Reuters screen page (or such other commercially available source providing such quotations as may be designated by the Administrative Agent from time to time).
“Term SOFR Successor Rate” has the meaning specified in Section 2.14(c).
“Termination Date” means July13March 17, 20262030.
“Third Amendment Effective Date” means March 17, 2025.
“Transactions” means the execution, delivery and performance by the Loan Parties of this Agreement and the other Loan Documents, the borrowing of Loans and other credit extensions, the use of the proceeds thereof and the issuance of Letters of Credit hereunder.
“Type”, when used in reference to any Loan or Borrowing, refers to whether the rate of interest on such Loan, or on the Loans comprising such Borrowing, is determined by reference to Term SOFR, a Foreign Currency Term Rate, a Foreign Currency Daily Rate or the Alternate Base Rate.
“UK Financial Institution” means any BRRD Undertaking (as such term is defined under the PRA Rulebook (as amended form time to time) promulgated by the United Kingdom Prudential Regulation Authority) or any person subject to IFPRU 11.6 of the FCA Handbook (as amended from time to time) promulgated by the United Kingdom Financial Conduct Authority, which includes certain credit institutions and investment firms, and certain affiliates of such credit institutions or investment firms.
“UK Resolution Authority” means the Bank of England or any other public administrative authority having responsibility for the resolution of any UK Financial Institution.
“U.S. Government Securities Business Day” means any Business Day, except any Business Day on which any ofday except for (a) a Saturday, (b) a Sunday or (c) a day on which the Securities Industry and Financial Markets Association, the New York Stock Exchange or the Federal Reserve Bank of New York is not open for business because such day is a legal holiday under the federal laws of the United States or the laws of the State of New York, as applicable. recommends that the fixed income departments of its members be closed for the entire day for purposes of trading in United States government securities.
“U.S. Person” means a “United States person” within the meaning of Section 7701(a)(30) of the Code.
“U.S. Special Resolution Regimes” has the meaning specified in Section 9.20.
“U.S. Tax Certificate” has the meaning assigned to such term in Section 2.17(f)(ii)(D)(2).
“Withdrawal Liability” means liability to a Multiemployer Plan as a result of a complete or partial withdrawal from such Multiemployer Plan, as such terms are defined in Part I of Subtitle E of Title IV of ERISA.
“Withholding Agent” means any Loan Party and the Administrative Agent.
“Write-Down and Conversion Powers” means, (a) with respect to any EEA Resolution Authority, the write-down and conversion powers of such EEA Resolution Authority from time to time under the Bail-In Legislation for the applicable EEA Member Country, which write-down and conversion powers are described in the EU Bail-In Legislation Schedule, and (b) with respect to the United Kingdom, any powers of the applicable Resolution Authority under the Bail-In Legislation to cancel, reduce, modify or change the form of a liability of any UK Financial Institution or any contract or instrument under which that liability arises, to convert all or part of that liability into shares, securities or obligations of that person or any other person, to provide that any such contract or instrument is to have effect as if a right had been exercised under it or to suspend any obligation in respect of that liability or any of the powers under that Bail-In Legislation that are related to or ancillary to any of those powers.
Section 1.02.Classification of Loans and Borrowings. For purposes of this Agreement, Loans may be classified and referred to by Type (e.g., a “Term SOFR Loan”). Borrowings also may be classified and referred to by Type (e.g., a “Term SOFR Borrowing”).
Section 1.03.Terms Generally.
(a)The definitions of terms herein shall apply equally to the singular and plural forms of the terms defined. Whenever the context may require, any pronoun shall include the corresponding masculine, feminine and neuter forms. The words “include”, “includes” and “including” shall be deemed to be followed by the phrase “without limitation”. The word “will” shall be construed to have the same meaning and effect as the word “shall”. The word “law” shall be construed as referring to all statutes, rules, regulations, codes and other laws (including official rulings and interpretations thereunder having the force of law or with which affected Persons customarily comply), and all judgments, orders and decrees, of all Governmental Authorities. Unless the context requires otherwise (a) any definition of or reference to any agreement, instrument or other document herein shall be construed as referring to such agreement, instrument or other document as from time to time amended, restated, supplemented or otherwise modified (subject to any restrictions on such amendments, restatements, supplements or modifications set forth herein), (b) any definition of or reference to any statute, rule or regulation shall be construed as referring thereto as from time to time amended, supplemented or otherwise modified (including by succession of comparable successor laws), (c) any reference herein to any Person shall be construed to include such Person’s successors and assigns (subject to any restrictions on assignment set forth herein) and, in the case of any Governmental Authority, any other Governmental Authority that shall have succeeded to any or all functions thereof, (d) the words “herein”, “hereof” and “hereunder”, and words of similar import, shall be construed to refer to this Agreement in its entirety and not to any particular provision hereof, (e) all references herein to Articles, Sections, Exhibits and Schedules shall be construed to refer to Articles and Sections of, and Exhibits and Schedules to, this Agreement and (f) the words “asset” and “property” shall be construed to have the same meaning and effect and to refer to any and all tangible and intangible assets and properties, including cash, securities, accounts and contract rights.
(b)In this Agreement, where it relates to the Dutch Borrower or any other Dutch Subsidiary, or to any Dutch law governed security, a reference to (i) necessary organizational actions, where applicable, include any action required to comply with the Works Councils Act of the Netherlands (Wet op de ondernemingsraden) and obtaining of an unconditional positive advice (advies) from the competent works council(s), (ii) a Lien or security interest includes any mortgage (hypotheek), pledge (pandrecht), financial collateral agreement (financiëlezekerheidsovereenkomst), privilege (voorrecht), retention of title arrangement (eigendomsvoorbehoud), right of retention (recht van retentie), right to reclaim goods (recht van reclame) and, in general, any right in rem (beperkt recht), created for the purpose of granting security (goederenrechtelijk zekerheidsrecht), (iii) a winding up, liquidation, bankruptcy, insolvency and administration (and any of those terms) includes a Dutch entity being declared bankrupt (failliet verklaard) or dissolved (ontbonden), (iv) a moratorium includes surseance van betaling, (v) bankruptcy or insolvency proceedings include (A) bankruptcy (faillissement), suspension of payments (surseance van betaling) or any other procedure having the effect that the entity to which it applies loses the free management or ability to dispose of its property (irrespective of whether the procedure is provisional or final) and (B) dissolution (ontbinding) or any other procedure having the effect that the entity to which it applies ceases to exist, (vi) any step, action or procedure taken in connection with, or acquiescence in, bankruptcy or insolvency proceedings includes filing or having filed a notice under Section 36 of the Tax Collection Act of the Netherlands (Invorderingswet 1990) or Section 60 of the Social Insurance Financing Act of the Netherlands (Wet Financiering Sociale Verzekeringen) in conjunction with Section 36 of the Tax Collection Act of the Netherlands (Invorderingswet 1990), (vii) a receiver
or trustee includes a curator, (viii) an administrator (in the context of a moratorium, suspension of payments or other insolvency or bankruptcy proceedings) includes a bewindvoerder, (ix) an attachment includes a beslag, (x) a merger includes a juridische fusie and (xi) a Subsidiary includes a dochtermaatschappij as defined in Article 2:24a of the Dutch Civil Code (Burgerlijk Wetboek). In this Agreement, a reference to any person incorporated or established in the Netherlands includes a general partnership (vennootschap onder firma), a limited partnership (commanditaire vennootschap) or other partnership (maatschap) or other entity and any other temporary or permanent joint venture as well as similar entities incorporated under the laws of any jurisdiction other than the Netherlands. In this Agreement, a reference to the Netherlands means the European part of the Kingdom of the Netherlands and “Dutch” means in or of the Netherlands.
Section 1.04.Accounting Terms; GAAP; Pro Forma Calculations.
(a)Except as otherwise expressly provided herein, all terms of an accounting or financial nature shall be construed in accordance with GAAP, as in effect from time to time; provided that, if the Company notifies the Administrative Agent that the Company requests an amendment to any provision hereof to eliminate the effect of any change occurring after the Effective Date in GAAP or in the application thereof on the operation of such provision (or if the Administrative Agent notifies the Company that the Required Lenders request an amendment to any provision hereof for such purpose), regardless of whether any such notice is given before or after such change in GAAP or in the application thereof, then such provision shall be interpreted on the basis of GAAP as in effect and applied immediately before such change shall have become effective until such notice shall have been withdrawn or such provision amended in accordance herewith. Notwithstanding any other provision contained herein, all terms of an accounting or financial nature used herein shall be construed, and all computations of amounts and ratios referred to herein shall be made (i) without giving effect to any election under Accounting Standards Codification 825-10-25 (or any other Accounting Standards Codification or Financial Accounting Standard having a similar result or effect) to value any Indebtedness or other liabilities of the Company or any Subsidiary at “fair value”, as defined therein, (ii) without giving effect to any treatment of Indebtedness in respect of convertible debt instruments under Accounting Standards Codification 470-20 (or any other Accounting Standards Codification or Financial Accounting Standard having a similar result or effect) to value any such Indebtedness in a reduced or bifurcated manner as described therein, and such Indebtedness shall at all times be valued at the full stated principal amount thereof, and in the case of any Permitted Convertible Indebtedness for which the embedded conversion obligation must be settled by paying solely cash, so long as substantially concurrently with the offering of such Permitted Convertible Indebtedness, the Company enters into a cash-settled Permitted Bond Hedge Transaction relating to such Permitted Convertible Indebtedness, notwithstanding any other provision contained herein, for so long as such Permitted Bond Hedge Transaction (or a portion thereof corresponding to the amount of outstanding Permitted Convertible Indebtedness) remains in effect, all computations of amounts and ratios referred to herein shall be made as if the amount of Indebtedness represented by such Permitted Convertible Indebtedness were equal to the face principal amount thereof without regard to any mark-to-market derivative accounting for such Indebtedness, (iii) without giving effect to any treatment of Indebtedness in respect of lease obligations that are not, or would not be, capital or finance lease obligations under GAAP as in effect on the Effective Date, but which are recharacterized as capital or finance lease obligations (and hence excluded for all purposes hereof from Capital Expenditures, Capital Lease Obligations and Indebtedness) pursuant to Accounting Standards Codification Topic 842 (or any successor provisions of similar import), (iv) in a manner such that any obligations relating to a lease of real property shall be accounted for as obligations relating to an operating lease and not as Capital Lease Obligations (and hence excluded for all purposes hereof from Capital Expenditures, Capital Lease Obligations and Indebtedness) so long as such lease is not part of a sale-and-lease back transaction and (v) for purposes of all calculations hereunder, the principal
amount of Permitted Convertible Indebtedness shall be the outstanding principal (or notional) amount thereof, valued at par.
(b)To the extent that the Company makes any Permitted Acquisition during the period of four fiscal quarters of the Company most recently ended:
(i)the Consolidated Interest Coverage Ratio and Leverage Ratio shall be calculated after giving pro forma effect thereto as if such Permitted Acquisition had occurred on the first day of such period;
(ii)interest accrued during the relevant period on, and the principal of, any Indebtedness repaid or to be repaid or refinanced in such transaction shall be excluded from the results of the Company and its Subsidiaries for such period;
(iii)any Indebtedness actually or proposed to be incurred or assumed in such transaction shall be deemed to have been incurred as of the first day of the applicable period, and interest thereon shall be deemed to have accrued from such day on such Indebtedness at the applicable rates provided therefor (and in the case of interest that does or would accrue at a formula or floating rate, at the rate in effect at the time of determination or as otherwise approved by the Administrative Agent) and shall be included in the results of the Company and its Subsidiaries for such period; and
(iv)the pro forma calculation describe in clause (i) above shall be made without giving effect to any cost savings other than those actually realized as of the date of such Permitted Acquisition or thereafter realized during such period or otherwise approved in writing by the Administrative Agent.
(c)Any requirement in this Agreement that a transaction shall be in compliance “on a pro form basis” means that such transaction does not cause, create or result in a Default after giving pro forma effect thereto in accordance with clause (b) above, based upon the results of operations for the most recently completed fiscal quarter for which financial statements have been delivered under Section 5.01(a) and (b), to (x) such transaction and (y) all other transactions which are contemplated or required to be given pro forma effect hereunder that have occurred on or after the first day of the relevant period.
Section 1.05.Status of Obligations. In the event that the Company or any other Loan Party shall at any time issue or have outstanding any Subordinated Indebtedness, the Company shall take or cause such other Loan Party to take all such actions as shall be necessary to cause the Obligations to constitute senior indebtedness (however denominated) in respect of such Subordinated Indebtedness. Without limiting the foregoing, the Obligations are hereby designated as “senior indebtedness” and as “designated senior indebtedness” and words of similar import under and in respect of any indenture or other agreement or instrument under which such Subordinated Indebtedness is outstanding and are further given all such other designations as shall be required under the terms of any such Subordinated Indebtedness in order that the Lenders may have and exercise any payment blockage or other remedies available or potentially available to holders of senior indebtedness under the terms of such Subordinated Indebtedness.
Section 1.06.Interest Rates (a). The Administrative Agent does not warrant, nor accept responsibility, nor shall the Administrative Agent have any liability with respect to the administration, submission or any other matter related to the rates in the definition of “SOFR”, “Foreign Currency Daily Rate”, “Foreign Currency Term Rate”, “Term SOFR” or with respect to any rate (including, for the avoidance of doubt, the selection of such rate and any related spread or other adjustment) that is an alternative or replacement for or successor to any such rate
(including, without limitation, any Successor Rate) or the effect of any of the foregoing, or of any Conforming Changes.
Article II_____
The Credits
Section 2.01.Commitments. Subject to the terms and conditions set forth herein, each Lender (severally and not jointly) agrees to make loans (each such loan, a “Revolving Loan”) to the Borrowers in Agreed Currencies from time to time during the Availability Period in an aggregate principal amount that will not result in (i) subject to the definition of “Computation Date” and Section 2.11(c), the Dollar Amount of such Lender’s Credit Exposure exceeding such Lender’s Commitment or (ii) subject to the definition of “Computation Date” and Section 2.11(c), the sum of the Dollar Amount of the total Credit Exposures exceeding the aggregate Commitments. Within the foregoing limits and subject to the terms and conditions set forth herein, the Borrowers may borrow, prepay and reborrow the Revolving Loans.
Section 2.02.Loans and Borrowings.
(a)Each Revolving Loan shall be made as part of a Borrowing consisting of Loans made by the Lenders ratably in accordance with their respective Commitments. The failure of any Lender to make any Loan required to be made by it shall not relieve any other Lender of its obligations hereunder; provided that the Commitments of the Lenders are several and no Lender shall be responsible for any other Lender’s failure to make Loans as required. Any Swingline Loan shall be made in accordance with the procedures set forth in Section 2.05.
(b)Subject to Section 2.14, each Borrowing shall be comprised entirely of ABR Loans, Foreign Currency Term Rate Loans, Foreign Currency Daily Rate Loans or Term SOFR Loans as the relevant Borrower may request in accordance herewith; provided that each ABR Loan shall only be made in Dollars. Each Swingline Loan shall be an ABR Loan. Each Lender at its option may make any Loan by causing any domestic or foreign branch or Affiliate of such Lender to make such Loan (and in the case of an Affiliate, the provisions of Sections 2.14, 2.15, 2.16 and 2.17 shall apply to such Affiliate to the same extent as to such Lender); provided that any exercise of such option shall not affect the obligation of the relevant Borrower to repay such Loan in accordance with the terms of this Agreement.
(c)At the commencement of each Interest Period for any Term SOFR Borrowing or Foreign Currency Term Rate Borrowing, such Borrowing shall be in an aggregate amount that is an integral multiple of $250,000 (or, if such Borrowing is denominated in a Foreign Currency, 250,000 units of such currency) and not less than $1,000,000 (or, if such Borrowing is denominated in a Foreign Currency, 1,000,000 units of such currency). At the time that each Foreign Currency Daily Rate Borrowing is made, such Borrowing shall be in an aggregate amount that is an integral multiple of 250,000 units of such currency and not less than 1,000,000 units of such currency. At the time that each ABR Borrowing is made, such Borrowing shall be in an aggregate amount that is an integral multiple of $250,000 and not less than $1,000,000; provided that an ABR Borrowing may be in an aggregate amount that is equal to the entire unused balance of the aggregate Commitments or that is required to finance the reimbursement of an LC Disbursement as contemplated by Section 2.06(e). Borrowings of more than one Type may be outstanding at the same time; provided that there shall not at any time be more than a total of five (5) Term SOFR Borrowings and Foreign Currency Term Rate Borrowings outstanding.
(d)Notwithstanding any other provision of this Agreement, no Borrower shall be entitled to request, or to elect to convert or continue, any Borrowing if the Interest Period requested with respect thereto would end after the Termination Date.
(e)Any Loan to, or Letter of Credit issued on behalf of, any Dutch Borrower shall at all times be provided by a Lender that is a Dutch Non-Public Lender.
(f)With respect to any Foreign Currency Daily Rate, the Administrative Agent will have the right to make Conforming Changes from time to time and, notwithstanding anything to the contrary herein or in any other Loan Document, any amendments implementing such Conforming Changes will become effective without any further action or consent of any other party to this Agreement or any other Loan Document; provided that, with respect to any such amendment effected, the Administrative Agent shall post each such amendment implementing such Conforming Changes to the Borrowers and the Lenders reasonably promptly after such amendment becomes effective.
Section 2.03.Requests for Borrowings. To request a Borrowing of a Revolving Loan, the Company (on its own behalf or on behalf of the applicable Borrower) shall notify the Administrative Agent of such request (a) by irrevocable written notice (via a written Borrowing Request in a form approved by the Administrative Agent and signed by the Company (on its own behalf or on behalf of the applicable Borrower) promptly followed by telephonic confirmation of such request), not later than 11:00 a.m., Local Time, (x) two (2) Business Days (in the case of a Term SOFR Borrowing) or by irrevocable written notice (via a written Borrowing Request in a form approved by the Administrative Agent and signed by such Borrower, or the Company on its behalf), (y) three (3) Business Days (in the case of a Foreign Currency Term Rate Borrowing (other than Australian Dollars) or a Foreign Currency Daily Rate Borrowing) and (z) four (4) Business Days (in the case of a Foreign Currency Term Rate Borrowing denominated in Australian Dollars), in each case before the date of the proposed Borrowing or (b) by telephone in the case of an ABR Borrowing, not later than 11:00 a.m., New York City time, on the date of the proposed Borrowing; provided that any such notice of an ABR Borrowing to finance the reimbursement of an LC Disbursement as contemplated by Section 2.06(e) may be given not later than 10:00 a.m., New York City time, on the date of the proposed Borrowing; provided, further, that if the Borrower wishes to request Term SOFR Loans having an Interest Period other than one, three or six months in duration as provided in the definition of “Interest Period,” the applicable notice must be received by the Administrative Agent not later than 11:00 a.m., Local Time, four (4) Business Days prior to the requested date of such Borrowing, conversion or continuation, whereupon the Administrative Agent shall give prompt notice to the Lenders of such request and determine whether the requested Interest Period is acceptable to all of them. Not later than 11:00 a.m., Local Time, three (3) Business Days before the requested date of such Borrowing, conversion or continuation, the Administrative Agent shall notify the Borrower (which notice may be by telephone) whether or not the requested Interest Period has been consented to by all the Lenders and the Administrative Agent. Each such telephonic Borrowing Request shall be irrevocable and shall be confirmed promptly by hand delivery or telecopy to the Administrative Agent of a written Borrowing Request in a form approved by the Administrative Agent and signed by the Company (on its own behalf or on behalf of the applicable Borrower). Each such telephonic and written Borrowing Request shall specify the following information in compliance with Section 2.02:
(i)the name of the applicable Borrower;
(ii)the aggregate principal amount of the requested Borrowing;
(iii)the date of such Borrowing, which shall be a Business Day;
(iv)whether such Borrowing is to be an ABR Borrowing, Foreign Currency Term Rate Borrowing, Foreign Currency Daily Rate Borrowing or a Term SOFR Borrowing;
(v)in the case of a Term SOFR Borrowing or a Foreign Currency Term Rate Borrowing, the Agreed Currency and initial Interest Period to be applicable thereto, which shall be a period contemplated by the definition of the term “Interest Period”; and
(vi)the location and number of the applicable Borrower’s account to which funds are to be disbursed, which shall comply with the requirements of Section 2.07(a).
If no election as to the Type of Borrowing is specified, then, in the case of a Borrowing denominated in Dollars, the requested Borrowing shall be an ABR Borrowing. If no Interest Period is specified with respect to any requested Term SOFR Borrowing or Foreign Currency Term Rate Borrowing, then the relevant Borrower shall be deemed to have selected an Interest Period of one (1) month’s duration. Promptly following receipt of a Borrowing Request in accordance with this Section, the Administrative Agent shall advise each Lender of the details thereof and of the amount of such Lender’s Loan to be made as part of the requested Borrowing.
Section 2.04.[Intentionally Omitted].
Section 2.05.Swingline Loans.
(a)The Swingline. Subject to the terms and conditions set forth herein, the Swingline Lender, in reliance upon the agreements of the other Lenders set forth in this Section, may in its sole discretion make loans to the Company (each such loan, a “Swingline Loan”). Each such Swingline Loan may be made, subject to the terms and conditions set forth herein, to the Company, in Dollars, from time to time on any Business Day. During the Availability Period in an aggregate amount not to exceed at any time outstanding the amount of the Swingline Sublimit, notwithstanding the fact that such Swingline Loans, when aggregated with the Applicable Percentage of the outstanding principal amount of Revolving Loans and LC Exposure of the Lender acting as Swingline Lender, may exceed the amount of such Lender’s Commitment; provided, however, that (i) after giving effect to any Swingline Loan, (A) the total Credit Exposure shall not exceed the Commitments at such time, and (B) the Credit Exposure of any Lender at such time shall not exceed such Lender’s Commitment, (ii) the Company shall not use the proceeds of any Swingline Loan to refinance any outstanding Swingline Loan, and (iii) the Swingline Lender shall not be under any obligation to make any Swingline Loan if it shall determine (which determination shall be conclusive and binding absent manifest error) that it has, or by such Credit Event may have, fronting exposure to a Defaulting Lender’s Applicable Percentage of Swingline Loans other than Swingline Loans as to which such Defaulting Lender’s participation obligation has been reallocated to other Lenders or cash collateralized in accordance with the terms hereof. Within the foregoing limits, and subject to the other terms and conditions hereof, the Company may borrow under this Section, prepay under Section 2.10, and reborrow under this Section. Each Swingline Loan shall bear interest only at a rate based on the Alternate Base Rate plus the Applicable Rate. Immediately upon the making of a Swingline Loan, each Lender shall be deemed to, and hereby irrevocably and unconditionally agrees to, purchase from the Swingline Lender a risk participation in such Swingline Loan in an amount equal to the product of such Lender’s Applicable Percentage times the amount of such Swingline Loan.
(b)Borrowing Procedures. Each Swingline Borrowing shall be made upon the Company’s irrevocable notice to the Swingline Lender and the Administrative Agent, which
may be given by: (A) telephone or (B) a Swingline Loan Request; provided that any telephonic notice must be confirmed immediately by delivery to the Swingline Lender and the Administrative Agent of a Swingline Loan Request. Each such Swingline Loan Request must be received by the Swingline Lender and the Administrative Agent not later than 1:00 p.m. on the requested borrowing date, and shall specify (i) the amount to be borrowed, which shall be a minimum of $100,000, and (ii) the requested date of the Borrowing (which shall be a Business Day). Promptly after receipt by the Swingline Lender of any Swingline Loan Request, the Swingline Lender will confirm with the Administrative Agent (by telephone or in writing) that the Administrative Agent has also received such Swingline Loan Request and, if not, the Swingline Lender will notify the Administrative Agent (by telephone or in writing) of the contents thereof. Unless the Swingline Lender has received notice (by telephone or in writing) from the Administrative Agent (including at the request of any Lender) prior to 2:00 p.m. on the date of the proposed Swingline Borrowing (A) directing the Swingline Lender not to make such Swingline Loan as a result of the limitations set forth in the first proviso to the first sentence of Section 2.05(a), or (B) that one or more of the applicable conditions specified in Article IV is not then satisfied, then, subject to the terms and conditions hereof, the Swingline Lender may make the amount of its Swingline Loan available to the Company at its office by crediting the account of the Company on the books of the Swingline Lender in immediately available funds.
(c)Refinancing of Swingline Loans.
(i)The Swingline Lender at any time in its sole discretion may request, on behalf of the Company (which hereby irrevocably authorizes the Swingline Lender to so request on its behalf), that each Lender make an ABR Loan in an amount equal to such Lender’s Applicable Percentage of the amount of Swingline Loans then outstanding. Such request shall be made in writing (which written request shall be deemed to be a Borrowing Request for purposes hereof) and in accordance with the requirements of Section 2.02, without regard to the minimum and multiples specified therein for the principal amount of ABR Loans, but subject to the unutilized portion of the Commitments and the conditions set forth in Section 4.02. The Swingline Lender shall furnish the Company with a copy of the applicable Borrowing Request promptly after delivering such notice to the Administrative Agent. Each Lender shall make an amount equal to its Applicable Percentage of the amount specified in such Borrowing Request available to the Administrative Agent in immediately available funds (and the Administrative Agent may apply cash collateral available with respect to the applicable Swingline Loan) for the account of the Swingline Lender at the Administrative Agent’s Office not later than 1:00 p.m. on the day specified in such Borrowing Request, whereupon, subject to Section 2.05(c)(ii), each Lender that so makes funds available shall be deemed to have made an ABR Loan to the Company in such amount. The Administrative Agent shall remit the funds so received to the Swingline Lender.
(ii)If for any reason any Swingline Loan cannot be refinanced by such a Borrowing in accordance with Section 2.05(c)(i), the request for ABR Loans submitted by the Swingline Lender as set forth herein shall be deemed to be a request by the Swingline Lender that each of the Lenders fund its risk participation in the relevant Swingline Loan and each Lender’s payment to the Administrative Agent for the account of the Swingline Lender pursuant to Section 2.05(c)(i) shall be deemed payment in respect of such participation.
(iii)If any Lender fails to make available to the Administrative Agent for the account of the Swingline Lender any amount required to be paid by such Lender pursuant to the foregoing provisions of this Section 2.05(c) by the time specified in Section 2.05(c)(i), the Swingline Lender shall be entitled to recover from such Lender (acting through the Administrative Agent), on demand, such amount with interest thereon
for the period from the date such payment is required to the date on which such payment is immediately available to the Swingline Lender at a rate per annum equal to the greater of the Federal Funds Effective Rate and a rate determined by the Swingline Lender in accordance with banking industry rules on interbank compensation, plus any administrative, processing or similar fees customarily charged by the Swingline Lender in connection with the foregoing. If such Lender pays such amount (with interest and fees as aforesaid), the amount so paid shall constitute such Lender’s Loan included in the relevant Borrowing or funded participation in the relevant Swingline Loan, as the case may be. A certificate of the Swingline Lender submitted to any Lender (through the Administrative Agent) with respect to any amounts owing under this clause (iii) shall be conclusive absent manifest error.
(iv)Each Lender’s obligation to make Revolving Loans or to purchase and fund risk participations in Swingline Loans pursuant to this Section 2.05(c) shall be absolute and unconditional and shall not be affected by any circumstance, including (A) any setoff, counterclaim, recoupment, defense or other right which such Lender may have against the Swingline Lender, the Company or any other Person for any reason whatsoever, (B) the occurrence or continuance of a Default or (C) any other occurrence, event or condition, whether or not similar to any of the foregoing; provided however, that each Lender’s obligation to make Revolving Loans pursuant to this Section 2.05(c) is subject to the conditions set forth in Section 4.02 (other than delivery by the Company of a Borrowing Request). No such funding of risk participations shall relieve or otherwise impair the obligation of the Company to repay Swingline Loans, together with interest as provided herein.
(d)Repayment of Participations.
(i)At any time after any Lender has purchased and funded a risk participation in a Swingline Loan, if the Swingline Lender receives any payment on account of such Swingline Loan, the Swingline Lender will distribute to such Lender its Applicable Percentage thereof in the same funds as those received by the Swingline Lender.
(ii)If any payment received by the Swingline Lender in respect of principal or interest on any Swingline Loan is required to be returned by the Swingline Lender under any of the circumstances described in Section 9.19 (including pursuant to any settlement entered into by the Swingline Lender in its discretion), each Lender shall pay to the Swingline Lender its Applicable Percentage thereof on demand of the Administrative Agent, plus interest thereon from the date of such demand to the date such amount is returned, at a rate per annum equal to the Federal Funds Effective Rate. The Administrative Agent will make such demand upon the request of the Swingline Lender. The obligations of the Lenders under this clause shall survive the payment in full of the Obligations and the termination of this Agreement.
(e)Interest for Account of Swingline Lender. The Swingline Lender shall be responsible for invoicing the Company for interest on the Swingline Loans. Until each Lender funds its ABR Loan or risk participation pursuant to this Section to refinance such Lender’s Applicable Percentage of any Swingline Loan, interest in respect of such Applicable Percentage shall be solely for the account of the Swingline Lender.
(f)Payments Directly to Swingline Lender. The Company shall make all payments of principal and interest in respect of the Swingline Loans directly to the Swingline Lender.
Section 2.06.Letters of Credit.
(a)General. Subject to the terms and conditions set forth herein, the Company may request the issuance of Letters of Credit denominated in Agreed Currencies as the applicant thereof for the support of its or its Subsidiaries’ obligations, in a form reasonably acceptable to the Administrative Agent and the relevant Issuing Bank, at any time and from time to time during the Availability Period. In the event of any inconsistency between the terms and conditions of this Agreement and the terms and conditions of any form of letter of credit application or other agreement submitted by the Company to, or entered into by the Company with, the relevant Issuing Bank relating to any Letter of Credit, the terms and conditions of this Agreement shall control. Schedule 2.06 contains a schedule of certain letters of credit issued by Bank of America, N.A. Upon the effectiveness of this Agreement, from and after the Effective Date, such letters of credit (to the extent that they were not already issued pursuant to this Section 2.06) shall be deemed to be Letters of Credit issued pursuant to this Section 2.06. Notwithstanding anything herein to the contrary, no Issuing Bank shall have any obligation hereunder to issue, and shall not issue, any Letter of Credit the proceeds of which would be made available to any Person (i) to fund any activity or business of or with any Sanctioned Person, or in any country or territory that, at the time of such funding, is the subject of any Sanctions or (ii) in any manner that would result in a violation of any Sanctions by any party to this Agreement. The Company unconditionally and irrevocably agrees that, in connection with any Letter of Credit issued for the support of any Subsidiary’s obligations as provided in the first sentence of this paragraph, the Company will be fully responsible for the reimbursement of LC Disbursements in accordance with the terms hereof, the payment of interest thereon and the payment of fees due under Section 2.12(b) to the same extent as if it were the sole account party in respect of such Letter of Credit (the Company hereby irrevocably waiving any defenses that might otherwise be available to it as a guarantor or surety of the obligations of such a Subsidiary that is an account party in respect of any such Letter of Credit).
(b)Notice of Issuance, Amendment, Renewal, Extension; Certain Conditions. To request the issuance of a Letter of Credit (or the amendment, renewal or extension of an outstanding Letter of Credit), the Company shall hand deliver or telecopy (or transmit by electronic communication, if arrangements for doing so have been approved by the relevant Issuing Bank) to the relevant Issuing Bank and the Administrative Agent (reasonably in advance of the requested date of issuance, amendment, renewal or extension) a notice requesting the issuance of a Letter of Credit, or identifying the Letter of Credit to be amended, renewed or extended, and specifying the date of issuance, amendment, renewal or extension (which shall be a Business Day), the date on which such Letter of Credit is to expire (which shall comply with paragraph (c) of this Section), the amount of such Letter of Credit, the Agreed Currency applicable thereto, the name and address of the beneficiary thereof and such other information as shall be necessary to prepare, amend, renew or extend such Letter of Credit. If requested by an Issuing Bank, the Company also shall submit a letter of credit application on such Issuing Bank’s standard form in connection with any request for a Letter of Credit. A Letter of Credit shall be issued, amended, renewed or extended only if (and upon issuance, amendment, renewal or extension of each Letter of Credit the Company shall be deemed to represent and warrant that), after giving effect to such issuance, amendment, renewal or extension (i) subject to the definition of “Computation Date” and Section 2.11(c), the Dollar Amount of the LC Exposure shall not exceed $25,000,000, (ii) subject to the definition of “Computation Date” and Section 2.11(c), the sum of the Dollar Amount of the total Credit Exposures shall not exceed the aggregate Commitments and (iii) subject to the definition of “Computation Date” and Section 2.11(c), the Dollar Amount of the aggregate face amount of all Letters of Credit issued and then outstanding by any Issuing Bank shall not exceed the LC Sublimit.
(c)Expiration Date. Each Letter of Credit shall expire (or be subject to termination by notice from the relevant Issuing Bank to the beneficiary thereof) at or prior to the
close of business on the date that is five Business Days prior to the Termination Date unless such Letter of Credit is an Extended Letter of Credit, in which case the expiry date shall not be later than the date which is three years after the Termination Date so long as the Company shall have complied with Section 2.06(j).
(d)Participations. By the issuance of a Letter of Credit (or an amendment to a Letter of Credit increasing the amount thereof) and without any further action on the part of the relevant Issuing Bank or the Lenders, the relevant Issuing Bank hereby grants to each Lender, and each Lender hereby acquires from the relevant Issuing Bank, a participation in such Letter of Credit equal to such Lender’s Applicable Percentage of the aggregate amount available to be drawn under such Letter of Credit. In consideration and in furtherance of the foregoing, each Lender hereby absolutely and unconditionally agrees to pay to the Administrative Agent, for the account of the relevant Issuing Bank, such Lender’s Applicable Percentage of each LC Disbursement made by such Issuing Bank and not reimbursed by the Company on the date due as provided in paragraph (e) of this Section, or of any reimbursement payment required to be refunded to the Company for any reason. Each Lender acknowledges and agrees that its obligation to acquire participations pursuant to this paragraph in respect of Letters of Credit is absolute and unconditional and shall not be affected by any circumstance whatsoever, including any amendment, renewal or extension of any Letter of Credit or the occurrence and continuance of a Default or reduction or termination of the Commitments, and that each such payment shall be made without any offset, abatement, withholding or reduction whatsoever.
(e)Reimbursement. If the relevant Issuing Bank shall make any LC Disbursement in respect of a Letter of Credit, the Company shall reimburse such LC Disbursement by paying to the Administrative Agent in Dollars the Dollar Amount equal to such LC Disbursement, calculated as of the date such Issuing Bank made such LC Disbursement (or if such Issuing Bank shall so elect in its sole discretion by notice to the Company, in such other Agreed Currency which was paid by such Issuing Bank pursuant to such LC Disbursement in an amount equal to such LC Disbursement) not later than 12:00 noon, Local Time, on the date that such LC Disbursement is made, if the Company shall have received notice of such LC Disbursement prior to 10:00 a.m., Local Time, on such date, or, if such notice has not been received by the Company prior to such time on such date, then not later than 12:00 noon, Local Time, on the Business Day immediately following the day that the Company receives such notice, if such notice is not received prior to such time on the day of receipt; provided that, if such LC Disbursement is not less than the Dollar Amount of $1,000,000, the Company may, subject to the conditions to borrowing set forth herein, request in accordance with Section 2.03 that such payment be financed with (i) an ABR Borrowing, Swingline Loan or Term SOFR Borrowing in Dollars in the Dollar Amount of such LC Disbursement or (ii) to the extent that such LC Disbursement was made in a Foreign Currency, a Foreign Currency Borrowing in such Foreign Currency (in the event such Foreign Currency is an Agreed Loan Currency) in an amount equal to such LC Disbursement and, in each case, to the extent so financed, the Company’s obligation to make such payment shall be discharged and replaced by the resulting ABR Borrowing, Term SOFR Borrowing, Foreign Currency Borrowing or Swingline Loan, as applicable. If the Company fails to make such payment when due, the Administrative Agent shall notify each Lender of the applicable LC Disbursement, the payment then due from the Company in respect thereof and the Dollar Amount of such Lender’s Applicable Percentage thereof. Promptly following receipt of such notice, each Lender shall pay to the Administrative Agent its Applicable Percentage of the payment then due from the Company, in the same manner as provided in Section 2.07 with respect to Loans made by such Lender (and Section 2.07 shall apply, mutatis mutandis, to the payment obligations of the Lenders, provided that (x) such payment shall be payable by no later than 1:00 p.m. New York City time and (y) with respect to any such payment in respect of a Letter of Credit denominated in an Agreed LC Currency that is not an Agreed Loan Currency, any Lender may make such payment in Dollars in the Dollar Amount of such LC Disbursement), and the Administrative Agent shall promptly pay to the
relevant Issuing Bank the amounts so received by it from the Lenders. Promptly following receipt by the Administrative Agent of any payment from the Company pursuant to this paragraph, the Administrative Agent shall distribute such payment to such Issuing Bank or, to the extent that Lenders have made payments pursuant to this paragraph to reimburse such Issuing Bank, then to such Lenders and such Issuing Bank as their interests may appear. Any payment made by a Lender pursuant to this paragraph to reimburse the relevant Issuing Bank for any LC Disbursement (other than the funding of an ABR Revolving Loan or a Swingline Loan as contemplated above) shall not constitute a Loan and shall not relieve the Company of its obligation to reimburse such LC Disbursement. If the Company’s reimbursement of, or obligation to reimburse, any amounts in any Agreed Currency other than Dollars would subject the Administrative Agent, any Issuing Bank or any Lender to any Other Tax that would not be payable if such reimbursement were made or required to be made in Dollars, the Company shall, at its option, either (x) pay the amount of any such tax requested by the Administrative Agent, the relevant Issuing Bank or the relevant Lender or (y) reimburse each LC Disbursement made in such Agreed Currency in Dollars, in an amount equal to the Equivalent Amount, calculated using the applicable exchange rates, on the date such LC Disbursement is made, of such LC Disbursement.
(f)Obligations Absolute. The Company’s obligation to reimburse LC Disbursements as provided in paragraph (e) of this Section shall be absolute, unconditional and irrevocable, and shall be performed strictly in accordance with the terms of this Agreement under any and all circumstances whatsoever and irrespective of (i) any lack of validity or enforceability of any Letter of Credit or this Agreement, or any term or provision therein, (ii) any draft or other document presented under a Letter of Credit proving to be forged, fraudulent or invalid in any respect or any statement therein being untrue or inaccurate in any respect, (iii) payment by the relevant Issuing Bank under a Letter of Credit against presentation of a draft or other document that does not comply with the terms of such Letter of Credit, or (iv) any other event or circumstance whatsoever, whether or not similar to any of the foregoing, that might, but for the provisions of this Section, constitute a legal or equitable discharge of, or provide a right of setoff against, the Company’s obligations hereunder. Neither the Administrative Agent, the Lenders nor the Issuing Banks, nor any of their Related Parties, shall have any liability or responsibility by reason of or in connection with the issuance or transfer of any Letter of Credit or any payment or failure to make any payment thereunder (irrespective of any of the circumstances referred to in the preceding sentence), or any error, omission, interruption, loss or delay in transmission or delivery of any draft, notice or other communication under or relating to any Letter of Credit (including any document required to make a drawing thereunder), any error in interpretation of technical terms or any consequence arising from causes beyond the control of the relevant Issuing Bank; provided that the foregoing shall not be construed to excuse the relevant Issuing Bank from liability to the Company to the extent of any direct damages (as opposed to special, indirect, consequential or punitive damages, claims in respect of which are hereby waived by the Company to the extent permitted by applicable law) suffered by the Company that are caused by such Issuing Bank’s failure to exercise care when determining whether drafts and other documents presented under a Letter of Credit comply with the terms thereof. The parties hereto expressly agree that, in the absence of gross negligence or willful misconduct on the part of such Issuing Bank (as finally determined by a court of competent jurisdiction), such Issuing Bank shall be deemed to have exercised care in each such determination. In furtherance of the foregoing and without limiting the generality thereof, the parties agree that, with respect to documents presented which appear on their face to be in substantial compliance with the terms of a Letter of Credit, each Issuing Bank may, in its sole discretion, either accept and make payment upon such documents without responsibility for further investigation, regardless of any notice or information to the contrary, or refuse to accept and make payment upon such documents if such documents are not in strict compliance with the terms of such Letter of Credit.
(g)Disbursement Procedures. Each Issuing Bank shall, promptly following its receipt thereof, examine all documents purporting to represent a demand for payment under a Letter of Credit. Each Issuing Bank shall promptly notify the Administrative Agent and the Company by telephone (confirmed by telecopy) of such demand for payment and whether such Issuing Bank has made or will make an LC Disbursement thereunder; provided that any failure to give or delay in giving such notice shall not relieve the Company of its obligation to reimburse such Issuing Bank and/or the Lenders with respect to any such LC Disbursement.
(h)Interim Interest. If any Issuing Bank shall make any LC Disbursement, then, unless the Company shall reimburse such LC Disbursement in full as required by paragraph (e) above, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Company reimburses such LC Disbursement, at the rate per annum then applicable to ABR Loans (or in the case such LC Disbursement is denominated in a Foreign Currency, at the Overnight Foreign Currency Rate for such Agreed Currency plus the then effective Applicable Rate with respect to Foreign Currency Loans); provided that, if the Company fails to reimburse such LC Disbursement when due pursuant to paragraph (e) of this Section, then Section 2.13(c) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the relevant Issuing Bank, except that interest accrued on and after the date of payment by any Lender pursuant to paragraph (e) of this Section to reimburse such Issuing Bank shall be for the account of such Lender to the extent of such payment.
(i)Replacement of the Issuing Bank. Any Issuing Bank may be replaced at any time by written agreement among the Company, the Administrative Agent, the replaced Issuing Bank and the successor Issuing Bank. The Administrative Agent shall notify the Lenders of any such replacement of any Issuing Bank. At the time any such replacement shall become effective, the Company shall pay all unpaid fees accrued for the account of the replaced Issuing Bank pursuant to Section 2.12(b). From and after the effective date of any such replacement, (i) the successor Issuing Bank shall have all the rights and obligations of an Issuing Bank under this Agreement with respect to Letters of Credit to be issued thereafter and (ii) references herein to the term “Issuing Bank” shall be deemed to refer to such successor or to any previous Issuing Bank, or to such successor and all previous Issuing Banks, as the context shall require. After the replacement of an Issuing Bank hereunder, the replaced Issuing Bank shall remain a party hereto and shall continue to have all the rights and obligations of an Issuing Bank under this Agreement with respect to Letters of Credit then outstanding and issued by it prior to such replacement, but shall not be required to issue additional Letters of Credit.
(j)Cash Collateralization. If (x) any Event of Default shall occur and be continuing, on the Business Day that the Company receives notice from the Administrative Agent or the Required Lenders (or, if the maturity of the Loans has been accelerated, Lenders with LC Exposure representing greater than 50% of the total LC Exposure) demanding the deposit of cash collateral pursuant to this paragraph or (y) the Company requests, and the relevant Issuing Bank approves, the issuance of an Extended Letter of Credit, the Company shall either (A) cover by arranging for the issuance of one or more standby letters of credit issued by an issuer, and otherwise on terms and conditions, satisfactory to the Administrative Agent or (B) deposit in an account with the Administrative Agent, in the name of the Administrative Agent and for the benefit of the Lenders, an amount in cash equal to 105% of the Dollar Amount of the LC Exposure in respect of such Extended Letter of Credit (in the case of the foregoing clause (y)) or in the aggregate (in the case of the foregoing clause (x)) as of such date plus any accrued and unpaid interest thereon; provided that (i) the portions of such amount attributable to undrawn Foreign Currency Letters of Credit or LC Disbursements in a Foreign Currency that the Company is not late in reimbursing shall be deposited in the applicable Foreign Currencies in the actual amounts of such undrawn Letters of Credit and LC Disbursements and (ii) the obligation to provide such letter of credit cover or deposit such cash collateral shall (1) be required by no
later than five (5) Business Days prior to the Termination Date in the case of an Extended Letter of Credit and (2) become effective immediately, and such cover or deposit shall become immediately due and payable, without demand or other notice of any kind, upon the occurrence of any Event of Default with respect to the Company described in clause (h) or (i) of Article VII. For the purposes of this paragraph, the Foreign Currency LC Exposure shall be calculated using the applicable Exchange Rate on the date notice demanding cash collateralization is delivered to the Company. The Company also shall deposit cash collateral pursuant to this paragraph as and to the extent required by Section 2.11(c). Such cover and deposit shall be held by the Administrative Agent in interest-bearing accounts selected at the option and sole discretion of the Administrative Agent and at the Company’s risk and expense as collateral for the payment and performance of the obligations of the Company under this Agreement. The Administrative Agent shall have exclusive dominion and control, including the exclusive right of withdrawal, over such account. Moneys in such account shall be applied by the Administrative Agent to reimburse the relevant Issuing Bank for LC Disbursements for which it has not been reimbursed and, to the extent not so applied, shall be held for the satisfaction of the reimbursement obligations of the Company for the LC Exposure at such time or, if the maturity of the Loans has been accelerated (but subject to the consent of Lenders with LC Exposure representing greater than 50% of the total LC Exposure), be applied to satisfy other obligations of the Borrowers under this Agreement. If the Company is required to provide an amount of letter of credit cover or cash collateral hereunder as a result of the occurrence of an Event of Default, such amount (to the extent not applied as aforesaid) shall be returned to the Company within three Business Days after all Events of Default have been cured or waived.
(k)Issuing Bank Agreements. Each Issuing Bank agrees that, unless otherwise requested by the Administrative Agent, such Issuing Bank shall report in writing to the Administrative Agent (i) on or prior to each Business Day on which such Issuing Bank expects to issue, amend, renew or extend any Letter of Credit, the date of such issuance, amendment, renewal or extension, and the aggregate face amount of the Letters of Credit to be issued, amended, renewed or extended by it and outstanding after giving effect to such issuance, amendment, renewal or extension occurred (and whether the amount thereof changed), it being understood that such Issuing Bank shall not permit any issuance, renewal, extension or amendment resulting in an increase in the amount of any Letter of Credit to occur without first obtaining written confirmation from the Administrative Agent that it is then permitted under this Agreement, (ii) on each Business Day on which such Issuing Bank pays any amount in respect of one or more drawings under Letters of Credit, the date of such payment(s) and the amount of such payment(s), (iii) on any Business Day on which the Borrowers fail to reimburse any amount required to be reimbursed to such Issuing Bank on such day, the date of such failure and the amount and currency of such payment in respect of Letters of Credit and (iv) on any other Business Day, such other information as the Administrative Agent shall reasonably request.
Section 2.07.Funding of Borrowings.
(a)Each Lender shall make each Loan to be made by it hereunder on the proposed date thereof by wire transfer of immediately available funds (i) in the case of Loans denominated in Dollars, by 12:00 noon, New York City time, to the account of the Administrative Agent most recently designated by it for such purpose by notice to the Lenders and (ii) in the case of each Loan denominated in a Foreign Currency, by 12:00 noon, Local Time, in the city of the Administrative Agent’s Eurocurrency Payment Office for such currency and at such Eurocurrency Payment Office for such currency and Borrower; provided that Swingline Loans shall be made as provided in Section 2.05. The Administrative Agent will make such Loans available to the relevant Borrower by promptly crediting the amounts so received, in like funds, to (x) an account of the Company maintained with the Administrative Agent in New York City or Chicago or any other account as is designated by the Company in the applicable Swingline Request or Borrowing Request, in the case of Loans denominated in Dollars and (y)
an account of such Borrower in the relevant jurisdiction and designated by such Borrower in the applicable Borrowing Request, in the case of Loans denominated in a Foreign Currency; provided that ABR Loans made to finance the reimbursement of an LC Disbursement as provided in Section 2.06(e) shall be remitted by the Administrative Agent to the relevant Issuing Bank.
(b)Unless the Administrative Agent shall have received notice from a Lender prior to the proposed date of any Borrowing that such Lender will not make available to the Administrative Agent such Lender’s share of such Borrowing, the Administrative Agent may assume that such Lender has made such share available on such date in accordance with paragraph (a) of this Section and may, in reliance upon such assumption, make available to the relevant Borrower a corresponding amount. In such event, if a Lender has not in fact made its share of the applicable Borrowing available to the Administrative Agent, then the applicable Lender and such Borrower severally agree to pay to the Administrative Agent forthwith on demand such corresponding amount with interest thereon, for each day from and including the date such amount is made available to such Borrower to but excluding the date of payment to the Administrative Agent, at (i) in the case of such Lender, the greater of the Federal Funds Effective Rate and a rate determined by the Administrative Agent in accordance with banking industry rules on interbank compensation (including without limitation the Overnight Foreign Currency Rate in the case of Loans denominated in a Foreign Currency) or (ii) in the case of such Borrower, the interest rate applicable to ABR Loans. If such Lender pays such amount to the Administrative Agent, then such amount shall constitute such Lender’s Loan included in such Borrowing.
(c)Notwithstanding anything to the contrary in this Agreement, any Lender may exchange, continue or rollover all of the portion of its Loans in connection with any refinancing, extension, loan modification or similar transaction to the extent otherwise permitted by the terms of this Agreement, pursuant to a cashless settlement mechanism approved by the Borrower, the Administrative Agent, and such Lender.
Section 2.08.Interest Elections.
(a)Each Borrowing initially shall be of the Type specified in the applicable Borrowing Request and, in the case of a Term SOFR Borrowing or a Foreign Currency Term Rate Borrowing, shall have an initial Interest Period as specified in such Borrowing Request. Thereafter, the relevant Borrower may elect to convert such Borrowing to a different Type or to continue such Borrowing and, in the case of a Term SOFR Borrowing or a Foreign Currency Term Rate Borrowing, may elect Interest Periods therefor, all as provided in this Section. A Borrower may elect different options with respect to different portions of the affected Borrowing, in which case each such portion shall be allocated ratably among the Lenders holding the Loans comprising such Borrowing, and the Loans comprising each such portion shall be considered a separate Borrowing. Notwithstanding anything to the contrary herein, a Swingline Loan may not be converted to a Term SOFR Loan or a Foreign Currency Term Rate Loan.
(b)To make an election pursuant to this Section, a Borrower, or the Company on its behalf, shall notify the Administrative Agent of such election (by telephone or irrevocable written notice in the case of a Borrowing denominated in Dollars or by irrevocable written notice (via an Interest Election Request in a form approved by the Administrative Agent and signed by such Borrower, or the Company on its behalf) in the case of a Borrowing denominated in a Foreign Currency) by the time that a Borrowing Request would be required under Section 2.03 if such Borrower were requesting a Borrowing of the Type resulting from such election to be made on the effective date of such election. Each such telephonic Interest Election Request shall be irrevocable and shall be confirmed promptly by hand delivery or telecopy to the Administrative Agent of a written Interest Election Request in a form approved by the Administrative Agent and
signed by the relevant Borrower, or the Company on its behalf. Notwithstanding any contrary provision herein, this Section shall not be construed to permit any Borrower to (i) change the currency of any Borrowing, (ii) elect an Interest Period for Term SOFR Loans or a Foreign Currency Term Rate Borrowing that does not comply with Section 2.02(d) or (iii) convert any Borrowing to a Borrowing of a Type not available for such Borrowing. Except as otherwise provided herein, a Term SOFR Loan may be continued or converted only on the last day of an Interest Period for such Term SOFR Loan.
(c)Each telephonic and written Interest Election Request shall specify the following information in compliance with Section 2.02:
(i)the name of the applicable Borrower and the Borrowing to which such Interest Election Request applies and, if different options are being elected with respect to different portions thereof, the portions thereof to be allocated to each resulting Borrowing (in which case the information to be specified pursuant to clauses (iii) and (iv) below shall be specified for each resulting Borrowing);
(ii)the effective date of the election made pursuant to such Interest Election Request, which shall be a Business Day;
(iii)whether the resulting Borrowing is to be an ABR Borrowing, a Foreign Currency Term Rate Borrowing, a Foreign Currency Daily Rate Borrowing or a Term SOFR Borrowing; and
(iv)if the resulting Borrowing is a Term SOFR Borrowing or a Foreign Currency Term Rate Borrowing, the Agreed Currency and Interest Period to be applicable thereto after giving effect to such election, which Interest Period shall be a period contemplated by the definition of the term “Interest Period”.
If any such Interest Election Request requests a Term SOFR Borrowing or a Foreign Currency Term Rate Borrowing but does not specify an Interest Period, then the applicable Borrower shall be deemed to have selected an Interest Period of one month’s duration.
(d)Promptly following receipt of an Interest Election Request, the Administrative Agent shall advise each Lender of the details thereof and of such Lender’s portion of each resulting Borrowing.
(e)If the Company (on its own behalf or on behalf of the applicable Borrower) fails to deliver a timely Interest Election Request with respect to a Term SOFR Borrowing or a Foreign Currency Term Rate Borrowing prior to the end of the Interest Period applicable thereto, then, unless such Borrowing is repaid as provided herein, at the end of such Interest Period (i) in the case of a Borrowing denominated in Dollars, such Borrowing shall be converted to an ABR Borrowing and (ii) in the case of a Borrowing denominated in a Foreign Currency in respect of which the applicable Borrower shall have failed to deliver an Interest Election Request prior to the third (3rd) Business Day preceding the end of such Interest Period, such Borrowing shall automatically continue as a Foreign Currency Term Rate Borrowing in the same Agreed Currency with an Interest Period of one month unless such Foreign Currency Term Rate Borrowing is or was repaid in accordance with Section 2.11. Notwithstanding any contrary provision hereof, if an Event of Default has occurred and is continuing and the Administrative Agent, at the request of the Required Lenders, so notifies the Company, then, so long as an Event of Default is continuing (i) no outstanding Borrowing denominated in Dollars may be converted to or continued as a Term SOFR Borrowing, (ii) unless repaid, each Term SOFR Borrowing shall be converted to an ABR Borrowing at the end of the Interest Period applicable thereto and (iii)
unless repaid, each Foreign Currency Term Rate Borrowing denominated in a Foreign Currency shall automatically be continued as a Foreign Currency Term Rate Borrowing with an Interest Period of one month.
Section 2.09.Termination and Reduction of Commitments.
(a)Unless previously terminated, the Commitments shall terminate on the Termination Date.
(b)The Company may at any time terminate, or from time to time reduce, the Commitments; provided that (i) each reduction of the Commitments shall be in an amount that is an integral multiple of $1,000,000 and not less than $5,000,000 and (ii) the Company shall not terminate or reduce the Commitments if, after giving effect to any concurrent prepayment of the Loans and reimbursement of LC Disbursements in accordance with Section 2.11, the Dollar Amount of the sum of the Credit Exposures would exceed the aggregate Commitments.
(c)The Company shall notify the Administrative Agent of any election to terminate or reduce the Commitments under paragraph (b) of this Section at least three Business Days prior to the effective date of such termination or reduction, specifying such election and the effective date thereof. Promptly following receipt of any notice, the Administrative Agent shall advise the Lenders of the contents thereof. Each notice delivered by the Company pursuant to this Section shall be irrevocable; provided that a notice of termination of the Commitments delivered by the Company may state that such notice is conditioned upon the effectiveness of other credit facilities or financings, in which case such notice may be revoked by the Company (by notice to the Administrative Agent on or prior to the specified effective date) if such condition is not satisfied. Any termination or reduction of the Commitments shall be permanent (but shall not impact the Company’s ability to exercise the expansion option described in Section 2.20). Each reduction of the Commitments shall be made ratably among the Lenders in accordance with their respective Commitments.
Section 2.10.Repayment of Loans; Evidence of Debt.
(a)Each Borrower hereby unconditionally promises to pay (i) to the Administrative Agent for the account of each Lender the then unpaid principal amount of each Loan made to such Borrower on the Termination Date in the currency of such Loan and (ii) to the Administrative Agent for the account of the Swingline Lender the then unpaid principal amount of each Swingline Loan on the earlier of the Termination Date and the tenth (10th) Business Day after such Swingline Loan is made.
(b)Each Lender shall maintain in accordance with its usual practice an account or accounts evidencing the indebtedness of each Borrower to such Lender resulting from each Loan made by such Lender, including the amounts of principal and interest payable and paid to such Lender from time to time hereunder.
(c)The Administrative Agent shall maintain accounts in which it shall record (i) the amount of each Loan made hereunder, Agreed Currency and Type thereof and the Interest Period applicable thereto, (ii) the amount of any principal or interest due and payable or to become due and payable from each Borrower to each Lender hereunder and (iii) the amount of any sum received by the Administrative Agent hereunder for the account of the Lenders and each Lender’s share thereof.
(d)The entries made in the accounts maintained pursuant to paragraph (b) or (c) of this Section shall be conclusive evidence (absent manifest error) of the existence and amounts of the obligations recorded therein; provided that the failure of any Lender or the
Administrative Agent to maintain such accounts or any error therein shall not in any manner affect the obligation of any Borrower to repay the Loans in accordance with the terms of this Agreement.
(e)Any Lender may request that Loans made by it to any Borrower be evidenced by a promissory note. In such event, the relevant Borrower shall prepare, execute and deliver to such Lender a promissory note payable to the order of such Lender (or, if requested by such Lender, to such Lender and its registered assigns) and in a form approved by the Administrative Agent. Thereafter, the Loans evidenced by such promissory note and interest thereon shall at all times (including after assignment pursuant to Section 9.04) be represented by one or more promissory notes in such form payable to the order of the payee named therein (or, if any such promissory note is a registered note, to such payee and its registered assigns).
Section 2.11.Prepayment of Loans.
(a)Any Borrower shall have the right at any time and from time to time to prepay any Revolving Loans in whole or in part, subject to prior notice in accordance with the provisions of this Section 2.11(a). The Company (on its own behalf or on behalf of the applicable Borrower) shall deliver to the Administrative Agent a Notice of Loan Prepayment (promptly followed by telephonic confirmation of such request) of any prepayment hereunder (i) in the case of prepayment of a Term SOFR Borrowing, not later than 11:00 a.m., Local Time, two (2) Business Days before the date of prepayment, (ii) in the case of prepayment of a Foreign Currency Borrowing, not later than 11:00 a.m., Local Time, three (3) Business Days before the date of prepayment, or (iii) in the case of prepayment of an ABR Borrowing, not later than 11:00 a.m., New York City time, one (1) Business Day before the date of prepayment. Each such notice shall be irrevocable and shall specify the prepayment date and the principal amount of each Revolving Loan or portion thereof to be prepaid; provided that, if a notice of prepayment is given in connection with a conditional notice of termination of the Commitments as contemplated by Section 2.09, then such notice of prepayment may be revoked if such notice of termination is revoked in accordance with Section 2.09. Promptly following receipt of any such notice relating to a Revolving Loan, the Administrative Agent shall advise the Lenders of the contents thereof. Each partial prepayment of any Revolving Loan shall be in an amount that would be permitted in the case of an advance of a Revolving Loan of the same Type as provided in Section 2.02. Each prepayment of a Borrowing shall be applied ratably to the Revolving Loans included in the prepaid Borrowing. Prepayments shall be accompanied by (i) accrued interest to the extent required by Section 2.13(d) and (ii) break funding payments pursuant to Section 2.16.
(b)The Company may, upon notice to the Swingline Lender pursuant to delivery to the Swingline Lender of a Notice of Loan Prepayment (with a copy to the Administrative Agent), at any time or from time to time, voluntarily prepay Swingline Loans in whole or in part without premium or penalty; provided that, unless otherwise agreed by the Swingline Lender, (A) such notice must be received by the Swingline Lender and the Administrative Agent not later than 1:00 p.m. on the date of the prepayment, and (B) any such prepayment shall be in a minimum principal amount of $100,000 or a whole multiple of $100,000 in excess hereof (or, if less, the entire principal thereof then outstanding). Each such notice shall specify the date and amount of such prepayment. If such notice is given by the Company, the Company shall make such prepayment and the payment amount specified in such notice shall be due and payable on the date specified therein. Any prepayment of principal shall be accompanied by all accrued interest on the amount prepaid, together with any additional amounts required pursuant to Section 2.16.
(c)If at any time, (i) other than as a result of fluctuations in currency exchange rates, the sum of the aggregate principal Dollar Amount of all of the Credit Exposures
(calculated, with respect to those Credit Events denominated in Foreign Currencies, as of the most recent Computation Date with respect to each such Credit Event) exceeds the aggregate Commitments or (ii) solely as a result of fluctuations in currency exchange rates, the sum of the aggregate principal Dollar Amount of all of the Credit Exposures (so calculated) exceeds 105% of the aggregate Commitments, the Borrowers shall in each case immediately repay Borrowings or cash collateralize LC Exposure in an account with the Administrative Agent pursuant to Section 2.06(j), as applicable, in an aggregate principal amount sufficient to cause the aggregate Dollar Amount of all Credit Exposures (so calculated) to be less than or equal to the aggregate Commitments.
(d)On the date ninety (90) days prior to a Convertible Indebtedness Maturity Date, prepayment shall be made on the Obligations, in whole, in an amount equal to one hundred percent (100%) of the outstanding principal amount thereof, unless:
(i)such Convertible Indebtedness Maturity Date is waived or extended to a later date, in either such case, by the holders of the applicable Permitted Convertible Indebtedness;
(ii)the Borrowers can demonstrate (1) Liquidity in an amount at least equal to the principal amount of the Permitted Convertible Indebtedness due on such Convertible Indebtedness Maturity Date and (2) compliance with the financial covenants contained in Section 6.11 after giving effect to such payments or satisfaction of such payment obligations and the incurrence of any additional Consolidated Total Indebtedness on a pro forma basis; or
(iii)the requirements of this Section 2.11(d) shall be waived, extended or otherwise modified by the Required Lenders.
(e)All amounts required to be prepaid pursuant to Sections 2.11(d) shall be applied as follows: first, ratably to the LC Disbursements and the Swingline Loans, second, to the outstanding Revolving Loans, and, third, to cash collateralize the remaining LC Exposure.
Section 2.12.Fees.
(a)The Company agrees to pay to the Administrative Agent for the account of each Lender, in accordance with its Applicable Percentage, a commitment fee equal to the Applicable Rate times the actual daily amount by which the aggregate Commitments exceeds the sum of (i) the outstanding principal amount of Revolving Loans and (ii) the amount of LC Exposure, subject to adjustment as provided in Section 2.24; provided that, if such Lender continues to have any Credit Exposure after its Commitment terminates, then such commitment fee shall continue to accrue on the daily amount of such Lender’s Credit Exposure from and including the date on which its Commitment terminates to but excluding the date on which such Lender ceases to have any Credit Exposure. For the avoidance of doubt, the outstanding principal amount of Swingline Loans shall not be counted towards or considered usage of the Commitments for purposes of determining the commitment fee. Accrued commitment fees shall be payable in arrears on the last day of March, June, September and December of each year and on the date on which the Commitments terminate, commencing on the first such date to occur after the Effective Date; provided that any commitment fees accruing after the date on which the Commitments terminate shall be payable on demand. All commitment fees shall be computed on the basis of a year of 360 days and shall be payable for the actual number of days elapsed (including the first day but excluding the last day).
(b)The Company agrees to pay (i) to the Administrative Agent for the account of each Lender a participation fee with respect to its participations in Letters of Credit,
which shall accrue at the same Applicable Rate used to determine the interest rate applicable to Term SOFR Loans on the average daily Dollar Amount of such Lender’s LC Exposure (excluding any portion thereof attributable to unreimbursed LC Disbursements) during the period from and including the Effective Date to but excluding the later of the date on which such Lender’s Commitment terminates and the date on which such Lender ceases to have any LC Exposure and (ii) to the relevant Issuing Bank for its own account a fronting fee, which shall accrue at the rate of 0.125% per annum on the average daily Dollar Amount of the LC Exposure (excluding any portion thereof attributable to unreimbursed LC Disbursements) attributable to Letters of Credit issued by such Issuing Bank during the period from and including the Effective Date to but excluding the later of the date of termination of the Commitments and the date on which there ceases to be any LC Exposure, as well as such Issuing Bank’s standard fees and commissions with respect to the issuance, amendment, cancellation, negotiation, transfer, presentment, renewal or extension of any Letter of Credit or processing of drawings thereunder. Unless otherwise specified above, participation fees and fronting fees accrued through and including the last day of March, June, September and December of each year shall be payable on the third (3rd) Business Day following such last day, commencing on the first such date to occur after the Effective Date; provided that all such fees shall be payable on the date on which the Commitments terminate and any such fees accruing after the date on which the Commitments terminate shall be payable on demand. Any other fees payable to any Issuing Bank pursuant to this paragraph shall be payable within ten (10) days after demand. All participation fees and fronting fees shall be computed on the basis of a year of 360 days and shall be payable for the actual number of days elapsed (including the first day but excluding the last day). Participation fees and fronting fees in respect of Letters of Credit denominated in Dollars shall be paid in Dollars, and participation fees and fronting fees in respect of Letters of Credit denominated in a Foreign Currency shall be paid in such Foreign Currency.
(c)The Company agrees to pay to the Administrative Agent, for its own account, fees payable in the amounts and at the times separately agreed upon between the Company and the Administrative Agent.
(d)All fees payable hereunder shall be paid on the dates due, in Dollars (except as otherwise expressly provided in this Section 2.12) and immediately available funds, to the Administrative Agent (or to each Issuing Bank, in the case of fees payable to it) for distribution, in the case of commitment fees and participation fees, to the applicable Lenders. Fees (other than fees calculated in error) paid shall not be refundable under any circumstances.
Section 2.13.Interest.
(a)The Loans comprising each ABR Borrowing (including each Swingline Loan) shall bear interest at the Alternate Base Rate plus the Applicable Rate for ABR Loans.
(b)The Loans comprising each Term SOFR Borrowing shall bear interest at the Term SOFR for the Interest Period in effect for such Borrowing plus the Applicable Rate for Term SOFR Loans.
(c)The Loans comprising each Foreign Currency Term Rate Borrowing shall bear interest at the Foreign Currency Term Rate for the Interest Period in effect for such Borrowing plus the Applicable Rate for Foreign Currency Term Rate Loans.
(d)The Loans comprising each Foreign Currency Daily Rate Borrowing shall bear interest on the outstanding principal amount thereof from the applicable borrowing date at a rate per annum equal to the Foreign Currency Daily Rate plus the Applicable Rate for Foreign Currency Daily Rate Loans.
(e)Notwithstanding the foregoing, if any principal of or interest on any Loan or any fee or other amount payable by any Borrower hereunder is not paid when due, whether at stated maturity, upon acceleration or otherwise, such overdue amount shall bear interest, after as well as before judgment, at a rate per annum equal to (i) in the case of overdue principal of any Loan, 2% plus the rate otherwise applicable to such Loan as provided in the preceding paragraphs of this Section or (ii) in the case of any other amount, 2% plus the rate applicable to ABR Loans as provided in paragraph (a) of this Section.
(f)Accrued interest on each Loan shall be payable in arrears on each Interest Payment Date for such Loan and upon termination of the Commitments; provided that (i) interest accrued pursuant to paragraph (c) of this Section shall be payable on demand, (ii) in the event of any repayment or prepayment of any Loan (other than a prepayment of an ABR Loan prior to the end of the Availability Period), accrued interest on the principal amount repaid or prepaid shall be payable on the date of such repayment or prepayment and (iii) in the event of any conversion of any Term SOFR Loan prior to the end of the current Interest Period therefor, accrued interest on such Loan shall be payable on the effective date of such conversion.
(g)All interest hereunder shall be computed on the basis of a year of 360 days, except that interest (i) computed by reference to the Alternate Base Rate at times when the Alternate Base Rate is based on the Prime Rate shall be computed on the basis of a year of 365 days (or 366 days in a leap year) and (ii) for Borrowings denominated in British Pounds Sterling or Australian Dollars shall be computed on the basis of a year of 365 days, and in each case shall be payable for the actual number of days elapsed (including the first day but excluding the last day). The applicable Alternate Base Rate, Foreign Currency Daily Rate, Foreign Currency Term Rate, Term SOFR, Term SOFR Screen Rate or Daily Simple SOFR shall be determined by the Administrative Agent, and such determination shall be conclusive absent manifest error.
Section 2.14.Inability to Determine Rates.
(a)If in connection with any request for a Term SOFR Loan or Foreign Currency Loan or a conversion of ABR Loans to Term SOFR Loans or a continuation of any of such Loans, as applicable, (i) the Administrative Agent determines (which determination shall be conclusive absent manifest error) that (A) no Successor Rate for the Relevant Rate for the applicable Agreed Currency has been determined in accordance with Section 2.14(b) or Section 2.14(c), as applicable, and the circumstances under clause (i) of Section 2.14(b) or the Scheduled Unavailability Date has occurred with respect to such Relevant Rate (as applicable) or (B) adequate and reasonable means do not otherwise exist for determining the Relevant Rate for the applicable Agreed Currency for any determination date(s) or requested Interest Period, as applicable, with respect to a proposed Term SOFR Loan or a Foreign Currency Loan or in connection with an existing or proposed ABR Loan, or (ii) the Administrative Agent or the Required Lenders determine that for any reason that the Relevant Rate with respect to a proposed Loan denominated in an Agreed Currency for any requested Interest Period or determination date(s) does not adequately and fairly reflect the cost to such Lenders of funding such Loan, the Administrative Agent will promptly so notify the Company and each Lender. Thereafter, (x) the obligation of the Lenders to make or maintain Loans in the affected currencies, as applicable, or to convert ABR Loans to Term SOFR Loans, shall be suspended in each case to the extent of the affected Loans or Interest Period or determination date(s), as applicable, and (y) in the event of a determination described in the preceding sentence with respect to the Term SOFR component of the Alternate Base Rate, the utilization of the Term SOFR component in determining the Alternate Base Rate shall be suspended, in each case until the Administrative Agent (or, in the case of a determination by the Required Lenders described in clause (ii) of Section 2.14(a), until the Administrative Agent upon instruction of the Required Lenders) revokes such notice. Upon receipt of such notice, (1) the Borrowers may revoke any pending request for a Borrowing of, or conversion to Term SOFR Loans, or Borrowing of, or a
continuation of Foreign Currency Loans to the extent of the affected Loans or Interest Period or determination date(s), as applicable or, failing that, will be deemed to have converted such request into a request for a Borrowing of ABR Loans denominated in Dollars in the Dollar Amount specified therein and (2) any outstanding affected Foreign Currency Loans, at the Borrowers’ election, shall either (1) be converted into a Borrowing of ABR Loans denominated in Dollars in the Dollar Amount of such outstanding Foreign Currency Loan immediately, in the case of a Foreign Currency Daily Rate Loan or at the end of the applicable Interest Period, in the case of a Foreign Currency Term Rate Loan, or (2) be prepaid in full immediately, in the case of a Foreign Currency Daily Rate Loan or at the end of the applicable Interest Period, in the case of a Foreign Currency Term Rate Loan; provided that if no election is made by the applicable Borrower (x) in the case of a Foreign Currency Daily Rate Loan, by the date that is three (3) Business Days after receipt by the applicable Borrower of such notice or (y) in the case of a Foreign Currency Term Rate Loan, by the last day of the current Interest Period for the applicable Foreign Currency Term Rate Loan, the applicable Borrower shall be deemed to have elected clause (1) above.
(b)Notwithstanding anything to the contrary in this Agreement or any other Loan Documents, (x) for purposes of this Section 2.14(b), the term “Agreed Currency” shall not include Dollars and (y) if the Administrative Agent determines (which determination shall be conclusive absent manifest error), or the Borrowers or Required Lenders notify the Administrative Agent (with, in the case of the Required Lenders, a copy to the Borrowers) that the Borrowers or Required Lenders (as applicable) have determined, that:
(i)adequate and reasonable means do not exist for ascertaining the Relevant Rate for an Agreed Currency because none of the tenors of such Relevant Rate (including any forward-looking term rate thereof) is available or published on a current basis and such circumstances are unlikely to be temporary; or
(ii)the Applicable Authority has made a public statement identifying a specific date after which all tenors of the Relevant Rate for an Agreed Currency (including any forward-looking term rate thereof) shall or will no longer be representative or made available, or used for determining the interest rate of syndicated loans denominated in such Agreed Currency, or shall or will otherwise cease, provided that, in each case, at the time of such statement, there is no successor administrator that is satisfactory to the Administrative Agent that will continue to provide such representative tenor(s) of the Relevant Rate for such Agreed Currency (the latest date on which all tenors of the Relevant Rate for such Agreed Currency (including any forward-looking term rate thereof) are no longer representative or available permanently or indefinitely, the “Scheduled Unavailability Date”); or
(iii)syndicated loans currently being executed and agented in the U.S., are being executed or amended (as applicable) to incorporate or adopt a new benchmark interest rate to replace the Relevant Rate for an Agreed Currency
or if the events or circumstances of the type described in Section 2.14(b)(i), (ii) or (iii) have occurred with respect to the Foreign Currency Successor Rate then in effect, then, the Administrative Agent and the Borrowers may amend this Agreement solely for the purpose of replacing the Relevant Rate for an Agreed Currency or any then current Foreign Currency Successor Rate for an Agreed Currency in accordance with this Section 2.14 with an alternative benchmark rate giving due consideration to any evolving or then existing convention for similar credit facilities syndicated and agented in the U.S. and denominated in such Agreed Currency for such alternative benchmarks, and, in each case, including any mathematical or other adjustments
to such benchmark giving due consideration to any evolving or then existing convention for similar credit facilities syndicated and agented in the U.S. and denominated in such Agreed Currency for such benchmarks (and any such proposed rate, including for the avoidance of doubt, any adjustment thereto, a “Foreign Currency Successor Rate”), and any such amendment shall become effective at 5:00 p.m. on the fifth Business Day after the Administrative Agent shall have posted such proposed amendment to all Lenders and the Borrowers unless, prior to such time, Lenders comprising the Required Lenders have delivered to the Administrative Agent written notice that such Required Lenders object to such amendment. The Administrative Agent will promptly (in one or more notices) notify the Borrowers and each Lender of the implementation of any Foreign Currency Successor Rate. Notwithstanding anything else herein, if at any time any Foreign Currency Successor Rate as so determined would otherwise be less than zero percent (0%), the Foreign Currency Successor Rate will be deemed to be zero percent (0%) for the purposes of this Agreement and the other Loan Documents.
Any Foreign Currency Successor Rate shall be applied in a manner consistent with market practice; provided that to the extent such market practice is not administratively feasible for the Administrative Agent, such Foreign Currency Successor Rate shall be applied in a manner as otherwise reasonably determined by the Administrative Agent. In connection with the implementation of a Foreign Currency Successor Rate, the Administrative Agent will have the right to make Conforming Changes from time to time and, notwithstanding anything to the contrary herein or in any other Loan Document, any amendments implementing such Conforming Changes will become effective without any further action or consent of any other party to this Agreement; provided that, with respect to any such amendment effected, the Administrative Agent shall post each such amendment implementing such Conforming Changes to the Borrowers and the Lenders reasonably promptly after such amendment becomes effective.
For purposes of this Section 2.14(c), those Lenders that either have not made, or do not have an obligation under this Agreement to make, the relevant Loans in the relevant Agreed Currency shall be excluded from any determination of Required Lenders.
(c)Notwithstanding anything to the contrary in this Agreement or any other Loan Documents, with respect to the Relevant Rate for Dollars, if the Administrative Agent determines, or the Borrowers or Required Lenders notify the Administrative Agent (with, in the case of the Required Lenders, a copy to the Borrowers) that the Borrowers or Required Lenders (as applicable) have determined, that:
(i)adequate and reasonable means do not exist for ascertaining one month, three month and six month interest periods of Term SOFR, including, without limitation, because the Term SOFR Screen Rate is not available or published on a current basis and such circumstances are unlikely to be temporary; or
(ii)CME or any successor administrator of the Term SOFR Screen Rate or a Governmental Authority having jurisdiction over the Administrative Agent or such administrator with respect to its publication of Term SOFR, in each case acting in such capacity, has made a public statement identifying a specific date after which one month, three month and six month interest periods of Term SOFR or the Term SOFR Screen Rate shall or will no longer be made available, or permitted to be used for determining the interest rate of syndicated loans denominated in U.S. Dollars, or shall or will
otherwise cease, provided that, at the time of such statement, there is no successor administrator that is satisfactory to the Administrative Agent, that will continue to provide such interest periods of Term SOFR after such specific date (the latest date on which one month, three month and six month interest periods of Term SOFR or the Term SOFR Screen Rate are no longer available permanently or indefinitely, the “Scheduled Unavailability Date”);
then, on a date and time determined by the Administrative Agent (any such date, the “Term SOFR Replacement Date”), which date shall be at the end of an Interest Period or on the relevant interest payment date, as applicable, for interest calculated and, solely with respect to clause (ii) above, no later than the Scheduled Unavailability Date, Term SOFR will be replaced hereunder and under any Loan Document with Daily Simple SOFR plus the SOFR Adjustment for any payment period for interest calculated that can be determined by the Administrative Agent, in each case, without any amendment to, or further action or consent of any other party to, this Agreement or any other Loan Document (and any such proposed rate, including for the avoidance of doubt, any adjustment thereto, a “Term SOFR Term SOFR Successor Rate”). Notwithstanding anything else herein, if at any time any Term SOFR Successor Rate as so determined would otherwise be less than zero percent (0%), the Term SOFR Successor Rate will be deemed to be zero percent (0%) for the purposes of this Agreement and the other Loan Documents. The Administrative Agent will promptly (in one or more notices) notify the Borrowers and each Lender of the implementation of any Term SOFR Successor Rate.
Any Term SOFR Successor Rate shall be applied in a manner consistent with market practice; provided that to the extent such market practice is not administratively feasible for the Administrative Agent, such Term SOFR Successor Rate shall be applied in a manner as otherwise reasonably determined by the Administrative Agent. In connection with the implementation of a Term SOFR Successor Rate, the Administrative Agent will have the right to make Conforming Changes from time to time and, notwithstanding anything to the contrary herein or in any other Loan Document, any amendments implementing such Conforming Changes will become effective without any further action or consent of any other party to this Agreement; provided that, with respect to any such amendment effected, the Administrative Agent shall post each such amendment implementing such Conforming Changes to the Borrowers and the Lenders reasonably promptly after such amendment becomes effective. If the Term SOFR Successor Rate for Term SOFR is Daily Simple SOFR plus the SOFR Adjustment, all interest payments will be payable on a monthly basis.
Notwithstanding anything to the contrary herein, (i) if the Administrative Agent determines that Daily Simple SOFR is not available on or prior to the Term SOFR Replacement Date, or (ii) if the events or circumstances of the type described in Section 2.14(c)(i) or (ii) have occurred with respect to the Term SOFR Successor Rate then in effect, then in each case, the Administrative Agent and the Borrowers may amend this Agreement solely for the purpose of replacing Term SOFR or any then current Term SOFR Successor Rate in accordance with this Section 2.14 at the end of any Interest Period, relevant interest payment date or payment period for interest calculated, as applicable, with an alternative benchmark rate giving due consideration to any evolving or then existing convention for similar Dollar denominated credit facilities syndicated and agented in the United States for such alternative benchmark. and, in each case, including any
mathematical or other adjustments to such benchmark giving due consideration to any evolving or then existing convention for similar U.S. dollar denominated credit facilities syndicated and agented in the United States for such benchmark. For the avoidance of doubt, any such proposed rate and adjustments, shall constitute a “Term SOFR Successor Rate”. Any such amendment shall become effective at 5:00 p.m. on the fifth Business Day after the Administrative Agent shall have posted such proposed amendment to all Lenders and the Borrowers unless, prior to such time, Lenders comprising the Required Lenders have delivered to the Administrative Agent written notice that such Required Lenders object to such amendment.
For purposes of this Section 2.14(c), those Lenders that either have not made, or do not have an obligation under this Agreement to make, the relevant Loans in Dollars shall be excluded from any determination of Required Lenders.
Section 2.15.Increased Costs.
(a)If any Change in Law shall:
(i)impose, modify or deem applicable any reserve, special deposit, liquidity or similar requirement (including any compulsory loan, requirement, insurance charge or other assessment) against assets of, deposits with or for the account of, or credit extended by, any Lender or any Issuing Bank;
(ii)impose on any Lender or any Issuing Bank or the London interbank market any other condition, cost or expense affecting this Agreement, Term SOFR Loans or Foreign Currency Loans made by such Lender or any Letter of Credit or participation therein; or
(iii)subject any Recipient to any Taxes on its loans, loan principal, letters of credit, commitments, or other obligations, or its deposits, reserves, other liabilities or capital attributable thereto (other than (A) Indemnified Taxes, (B) Excluded Taxes and (C) Connection Income Taxes);
and the result of any of the foregoing shall be to increase the cost to such Lender or such other Recipient of making, continuing, converting into or maintaining any Loan or of maintaining its obligation to make any such Loan or to increase the cost to such Lender, such Issuing Bank or such other Recipient of participating in, issuing or maintaining any Letter of Credit or to reduce the amount of any sum received or receivable by such Lender, such Issuing Bank or such other Recipient hereunder, whether of principal, interest or otherwise, then the applicable Borrower will pay to such Lender, such Issuing Bank or such other Recipient, as the case may be, such additional amount or amounts as will compensate such Lender, such Issuing Bank or such other Recipient, as the case may be, for any such additional cost incurred or reduction suffered in a manner consistent with similarly situated customers of the applicable Lender or Issuing Bank.
(b)If any Lender or any Issuing Bank determines that any Change in Law regarding capital or liquidity requirements has or would have the effect of reducing the rate of return on such Lender’s or such Issuing Bank’s capital or on the capital of such Lender’s or such Issuing Bank’s holding company, if any, as a consequence of this Agreement or the Loans made by, or participations in Letters of Credit held by, such Lender, or the Letters of Credit issued by such Issuing Bank, to a level below that which such Lender or such Issuing Bank or such
Lender’s or such Issuing Bank’s holding company could have achieved but for such Change in Law (taking into consideration such Lender’s or such Issuing Bank’s policies and the policies of such Lender’s or such Issuing Bank’s holding company with respect to capital adequacy and liquidity), then from time to time the applicable Borrower will pay to such Lender or such Issuing Bank, as the case may be, such additional amount or amounts as will compensate such Lender or such Issuing Bank or such Lender’s or such Issuing Bank’s holding company, for any such additional cost incurred or reduction suffered in a manner consistent with similarly situated customers of the applicable Lender or Issuing Bank.
(c)A certificate of a Lender or an Issuing Bank setting forth in reasonable detail the amount or amounts necessary to compensate such Lender or such Issuing Bank or its holding company, as the case may be, as specified in paragraph (a) or (b) of this Section shall be delivered to the Company and shall be conclusive absent manifest error. The Company shall pay, or cause the other Borrowers to pay, such Lender or such Issuing Bank, as the case may be, the amount shown as due on any such certificate, absent manifest error, within ten (10) days after receipt thereof.
(d)Failure or delay on the part of any Lender or any Issuing Bank to demand compensation pursuant to this Section shall not constitute a waiver of such Lender’s or such Issuing Bank’s right to demand such compensation; provided that the Company shall not be required to compensate a Lender or an Issuing Bank pursuant to this Section for any increased costs or reductions incurred more than 270 days prior to the date that such Lender or such Issuing Bank, as the case may be, notifies the Company of the Change in Law giving rise to such increased costs or reductions and of such Lender’s or such Issuing Bank’s intention to claim compensation therefor; provided further that, if the Change in Law giving rise to such increased costs or reductions is retroactive, then the 270-day period referred to above shall be extended to include the period of retroactive effect thereof.
Section 2.16.Break Funding Payments. In the event of (a) the payment of any principal of any Term SOFR Loan or Foreign Currency Term Rate Loan other than on the last day of an Interest Period applicable thereto (including as a result of an Event of Default or as a result of any prepayment pursuant to Section 2.11), (b) the conversion of any Term SOFR Loan or Foreign Currency Term Rate Loan other than on the last day of the Interest Period applicable thereto, (c) the failure to borrow, convert, continue or prepay any Term SOFR Loan or Foreign Currency Term Rate Loan on the date specified in any notice delivered pursuant hereto (regardless of whether such notice may be revoked under Section 2.11(a) and is revoked in accordance therewith) or (d) the assignment of any Term SOFR Loan or Foreign Currency Term Rate Loan other than on the last day of the Interest Period applicable thereto as a result of a request by the Company pursuant to Section 2.19, then, in any such event, the Borrowers shall compensate each Lender for the loss, cost and expense attributable to such event. A certificate of any Lender setting forth any amount or amounts that such Lender is entitled to receive pursuant to this Section shall be delivered to the applicable Borrower and shall be conclusive absent manifest error. The applicable Borrower shall pay such Lender the amount shown as due on any such certificate within ten (10) days after receipt thereof.
Section 2.17.Taxes. (a) Withholding of Taxes; Gross-Up. Each payment by or on behalf of any Loan Party under any Loan Document shall be made without withholding for any Taxes, unless such withholding is required by any law. If any Withholding Agent determines, in its sole discretion exercised in good faith, that it is so required to withhold Taxes, then such Withholding Agent may so withhold and shall timely pay the full amount of withheld Taxes to the relevant Governmental Authority in accordance with applicable law. If such withheld Taxes are Indemnified Taxes, then the amount payable by or on behalf of such Loan Party shall be increased as necessary so that, net of such withholding (including such
withholding applicable to additional amounts payable under this Section), the applicable Recipient receives the amount it would have received had no such withholding been made.
(a)Payment of Other Taxes by the Borrowers. The relevant Borrower shall timely pay any Other Taxes to the relevant Governmental Authority in accordance with applicable law.
(b)Evidence of Payments. As soon as practicable after any payment of Indemnified Taxes by any Loan Party to a Governmental Authority pursuant to this Section 2.17, such Loan Party shall deliver to the Administrative Agent the original or a certified copy of a receipt issued by such Governmental Authority evidencing such payment, a copy of the return reporting such payment or other evidence of such payment reasonably satisfactory to the Administrative Agent.
(c)Indemnification by the Borrowers. The relevant Borrower shall indemnify each Recipient for any Indemnified Taxes that are paid or payable by such Recipient in connection with any Loan Document (including Indemnified Taxes that are paid or payable on amounts paid under this Section 2.17(d)) and any reasonable expenses arising therefrom or with respect thereto, whether or not such Indemnified Taxes were correctly or legally imposed or asserted by the relevant Governmental Authority. The indemnity under this Section 2.17(d) shall be paid within ten (10) days after the Recipient delivers to the relevant Borrower a certificate stating the amount of any Indemnified Taxes so paid or payable by such Recipient and describing the basis for the indemnification claim. Such certificate shall be conclusive of the amount so paid or payable absent manifest error. Such Recipient shall deliver a copy of such certificate to the Administrative Agent.
(d)Indemnification by the Lenders. Each Lender shall severally indemnify the Administrative Agent for any Taxes (but, in the case of any Indemnified Taxes, only to the extent that any Loan Party has not already indemnified the Administrative Agent for such Indemnified Taxes and without limiting the obligation of the Loan Parties to do so) attributable to such Lender that are paid or payable by the Administrative Agent in connection with any Loan Document and any reasonable expenses arising therefrom or with respect thereto, whether or not such Taxes were correctly or legally imposed or asserted by the relevant Governmental Authority. The indemnity under this Section 2.17(e) shall be paid within ten (10) days after the Administrative Agent delivers to the applicable Lender a certificate stating the amount of Taxes so paid or payable by the Administrative Agent. Such certificate shall be conclusive of the amount so paid or payable absent manifest error.
(e)Status of Lenders. (i) Any Lender that is entitled to an exemption from, or reduction of, any applicable withholding Tax with respect to any payments under any Loan Document shall deliver to the Borrowers and the Administrative Agent, at the time or times reasonably requested by the Borrowers or the Administrative Agent, such properly completed and executed documentation reasonably requested by the Borrowers or the Administrative Agent as will permit such payments to be made without, or at a reduced rate of, withholding. In addition, any Lender, if requested by the Borrowers or the Administrative Agent, shall deliver such other documentation prescribed by law or reasonably requested by the Borrowers or the Administrative Agent as will enable the Borrowers or the Administrative Agent to determine whether or not such Lender is subject to any withholding (including backup withholding) or information reporting requirements. Notwithstanding anything to the contrary in the preceding two sentences, the completion, execution and submission of such documentation (other than such documentation set forth in Section 2.17(f)(ii)(A) through (E) below and Section 2.17(f)(iii) below) shall not be required if in the Lender’s judgment such completion, execution or submission would subject such Lender to any material unreimbursed cost or expense or would materially prejudice the legal or commercial position of such Lender. Upon the reasonable
request of any Borrower or the Administrative Agent, any Lender shall update any form or certification previously delivered pursuant to this Section 2.17(f). If any form or certification previously delivered pursuant to this Section expires or becomes obsolete or inaccurate in any respect with respect to a Lender, such Lender shall promptly (and in any event within ten (10) days after such expiration, obsolescence or inaccuracy) notify the Company and the Administrative Agent in writing of such expiration, obsolescence or inaccuracy and update the form or certification if it is legally eligible to do so.
(i)Without limiting the generality of the foregoing, if any Borrower is a U.S. Person, any Lender with respect to such Borrower shall, if it is legally eligible to do so, deliver to such Borrower and the Administrative Agent (in such number of copies reasonably requested by such Borrower and the Administrative Agent) on or prior to the date on which such Lender becomes a party hereto, duly completed and executed copies of whichever of the following is applicable:
(A)in the case of a Lender that is a U.S. Person, IRS Form W-9 certifying that such Lender is exempt from U.S. federal backup withholding tax;
(B)in the case of a Non-U.S. Lender claiming the benefits of an income tax treaty to which the United States is a party (1) with respect to payments of interest under any Loan Document, executed copies of IRS Form W-8BEN or IRS Form W-8BEN-E, as applicable, establishing an exemption from, or reduction of, U.S. federal withholding Tax pursuant to the “interest” article of such tax treaty and (2) with respect to any other applicable payments under any Loan Document, IRS Form W-8BEN or IRS Form W-8BEN-E, as applicable, establishing an exemption from, or reduction of, U.S. federal withholding Tax pursuant to the “business profits” or “other income” article of such tax treaty;
(C)in the case of a Non-U.S. Lender for whom payments under any Loan Document constitute income that is effectively connected with such Lender’s conduct of a trade or business in the United States, executed copies of IRS Form W-8ECI;
(D)in the case of a Non-U.S. Lender claiming the benefits of the exemption for portfolio interest under Section 881(c) of the Code both (1) executed copies of IRS Form W-8BEN or IRS Form W-8BEN-E, as applicable, and (2) a certificate substantially in the form of Exhibit H (a “U.S. Tax Certificate”) to the effect that such Lender is not (a) a “bank” within the meaning of Section 881(c)(3)(A) of the Code, (b) a “10 percent shareholder” of such Borrower within the meaning of Section 881(c)(3)(B) of the Code, and (c) a “controlled foreign corporation” described in Section 881(c)(3)(C) of the Code;
(E)in the case of a Non-U.S. Lender that is not the beneficial owner of payments made under any Loan Document (including a partnership or a participating Lender) (1) an IRS Form W-8IMY on behalf of itself and (2) the relevant forms prescribed in clauses (A), (B), (C), and (D) of this paragraph (f)(ii) and other certification documents from each beneficial owner, as applicable, that would be required of each such beneficial owner or partner of such partnership if such beneficial owner or partner were a Lender; provided, however, that if the Lender is a partnership and one or more of its partners are claiming the exemption for portfolio interest under Section 881(c) of the Code, such Lender may provide a U.S. Tax Certificate on behalf of such partners; or
(F)to the extent it is legally entitled to do so, any other form prescribed by law as a basis for claiming exemption from, or a reduction of, U.S. federal withholding Tax together with such supplementary documentation necessary to enable such Borrower or the Administrative Agent to determine the amount of Tax (if any) required by law to be withheld.
(ii)If a payment made to a Lender under any Loan Document would be subject to U.S. federal withholding Tax imposed by FATCA if such Lender were to fail to comply with the applicable reporting requirements of FATCA (including those contained in Section 1471(b) or 1472(b) of the Code, as applicable), such Lender shall deliver to the Withholding Agent, at the time or times prescribed by law and at such time or times reasonably requested by the Withholding Agent, such documentation prescribed by applicable law (including as prescribed by Section 1471(b)(3)(C)(i) of the Code) and such additional documentation reasonably requested by the Withholding Agent as may be necessary for the Withholding Agent to comply with its obligations under FATCA, to determine that such Lender has or has not complied with such Lender’s obligations under FATCA and, as necessary, to determine the amount to deduct and withhold from such payment. Solely for purposes of this Section 2.17(f)(iii), “FATCA” shall include any amendments made to FATCA after the Effective Date.
(f)Treatment of Certain Refunds. If any party determines, in its sole discretion exercised in good faith, that it has received a refund of any Taxes as to which it has been indemnified pursuant to this Section 2.17 (including additional amounts paid pursuant to this Section 2.17), it shall pay to the indemnifying party an amount equal to such refund (but only to the extent of indemnity payments made under this Section with respect to the Taxes giving rise to such refund), net of all out-of-pocket expenses (including any Taxes) of such indemnified party and without interest (other than any interest paid by the relevant Governmental Authority with respect to such refund). Such indemnifying party, upon the request of such indemnified party, shall repay to such indemnified party the amount paid to such indemnified party pursuant to the previous sentence (plus any penalties, interest or other charges imposed by the relevant Governmental Authority) in the event such indemnified party is required to repay such refund to such Governmental Authority. Notwithstanding anything to the contrary in this Section 2.17(g), in no event will any indemnified party be required to pay any amount to any indemnifying party pursuant to this Section 2.17(g) if such payment would place such indemnified party in a less favorable position (on a net after-Tax basis) than such indemnified party would have been in if the indemnification payments or additional amounts giving rise to such refund had never been paid. This Section 2.17(g) shall not be construed to require any indemnified party to make available its Tax returns (or any other information relating to its Taxes which it deems confidential) to the indemnifying party or any other Person.
(g)Issuing Bank. For purposes of Section 2.17(e) and (f), the term “Lender” includes the Issuing Banks.
Section 2.18.Payments Generally; Pro Rata Treatment; Sharing of Set-offs.
(a)Each Borrower shall make each payment required to be made by it hereunder (whether of principal, interest, fees or reimbursement of LC Disbursements, or of amounts payable under Section 2.15, 2.16 or 2.17, or otherwise) prior to (i) in the case of payments denominated in Dollars, 12:00 noon, New York City time and (ii) in the case of payments denominated in a Foreign Currency, 12:00 noon, Local Time, in the city of the Administrative Agent’s Eurocurrency Payment Office for such currency, in each case on the date when due, in immediately available funds, without set-off, recoupment or counterclaim. Any amounts received after such time on any date may, in the discretion of the Administrative Agent, be deemed to have been received on the next succeeding Business Day for purposes of
calculating interest thereon. All such payments shall be made (i) in the same currency in which the applicable Credit Event was made (or where such currency has been converted to Euro, in Euro) and (ii) to the Administrative Agent at its offices at 2380 Performance Dr., Richardson, Texas 75082 or, in the case of a Credit Event denominated in a Foreign Currency, the Administrative Agent’s Eurocurrency Payment Office for such currency, except payments to be made directly to any Issuing Bank or Swingline Lender as expressly provided herein and except that payments pursuant to Sections 2.15, 2.16, 2.17 and 9.03 shall be made directly to the Persons entitled thereto. The Administrative Agent shall distribute any such payments denominated in the same currency received by it for the account of any other Person to the appropriate recipient promptly following receipt thereof. If any payment hereunder shall be due on a day that is not a Business Day, the date for payment shall be extended to the next succeeding Business Day, and, in the case of any payment accruing interest, interest thereon shall be payable for the period of such extension. Notwithstanding the foregoing provisions of this Section, if, after the making of any Credit Event in any Foreign Currency, currency control or exchange regulations are imposed in the country which issues such currency with the result that the type of currency in which the Credit Event was made (the “Original Currency”) no longer exists or any Borrower is not able to make payment to the Administrative Agent for the account of the Lenders in such Original Currency, then all payments to be made by such Borrower hereunder in such currency shall instead be made when due in Dollars in an amount equal to the Dollar Amount (as of the date of repayment) of such payment due, it being the intention of the parties hereto that the Borrowers take all risks of the imposition of any such currency control or exchange regulations.
(b)If at any time insufficient funds are received by and available to the Administrative Agent to pay fully all amounts of principal, unreimbursed LC Disbursements, interest and fees then due hereunder, such funds shall be applied
(i)first, towards payment of interest and fees then due hereunder, ratably among the parties entitled thereto in accordance with the amounts of interest and fees then due to such parties, and
(ii)second, towards payment of principal and unreimbursed LC Disbursements then due hereunder, ratably among the parties entitled thereto in accordance with the amounts of principal and unreimbursed LC Disbursements then due to such parties.
(c)If, except as otherwise expressly provided herein, any Lender shall, by exercising any right of set-off or counterclaim or otherwise, obtain payment in respect of any principal of or interest on any of its Loans or participations in LC Disbursements or Swingline Loans resulting in such Lender receiving payment of a greater proportion of the aggregate amount of its Loans and participations in LC Disbursements and Swingline Loans and accrued interest thereon than the proportion received by any other similarly situated Lender, then the Lender receiving such greater proportion shall purchase (for cash at face value) participations in the Loans and participations in LC Disbursements and Swingline Loans of other Lenders to the extent necessary so that the benefit of all such payments shall be shared by all such Lenders ratably in accordance with the aggregate amount of principal of and accrued interest on their respective Loans and participations in LC Disbursements and Swingline Loans; provided that (i) if any such participations are purchased and all or any portion of the payment giving rise thereto is recovered, such participations shall be rescinded and the purchase price restored to the extent of such recovery, without interest, and (ii) the provisions of this paragraph shall not be construed to apply to any payment made by any Borrower pursuant to and in accordance with the express terms of this Agreement or any payment obtained by a Lender as consideration for the assignment of or sale of a participation in any of its Loans or participations in LC Disbursements and Swingline Loans to any assignee or participant, other than to the Company or any Subsidiary
or Affiliate thereof (as to which the provisions of this paragraph shall apply). Each Borrower consents to the foregoing and agrees, to the extent it may effectively do so under applicable law, that any Lender acquiring a participation pursuant to the foregoing arrangements may exercise against such Borrower rights of set-off and counterclaim with respect to such participation as fully as if such Lender were a direct creditor of such Borrower in the amount of such participation.
(d)(i) Unless the Administrative Agent shall have received notice from the relevant Borrower prior to the date on which any payment is due to the Administrative Agent for the account of the Lenders or the relevant Issuing Bank hereunder that such Borrower will not make such payment, the Administrative Agent may assume that such Borrower has made such payment on such date in accordance herewith and may, in reliance upon such assumption, distribute to the Lenders or the relevant Issuing Bank, as the case may be, the amount due. In such event, if such Borrower has not in fact made such payment, then each of the Lenders or the relevant Issuing Bank, as the case may be, severally agrees to repay to the Administrative Agent forthwith on demand the amount so distributed to such Lender or such Issuing Bank with interest thereon, for each day from and including the date such amount is distributed to it to but excluding the date of payment to the Administrative Agent, at the greater of the Federal Funds Effective Rate and a rate determined by the Administrative Agent in accordance with banking industry rules on interbank compensation (including without limitation the Overnight Foreign Currency Rate in the case of Loans denominated in a Foreign Currency).
(i)With respect to any payment that the Administrative Agent makes for the account of the Lenders or any Issuing Bank hereunder as to which the Administrative Agent determines (which determination shall be conclusive absent manifest error) that any of the following applies (such payment referred to as the “Rescindable Amount”): (1) the applicable Borrower has not in fact made such payment; (2) the Administrative Agent has made a payment in excess of the amount so paid by such Borrower (whether or not then owed); or (3) the Administrative agent has for any reason otherwise erroneously made such payment; then each of the Lenders or the applicable Issuing Bank, as the case may be, severally agrees to repay to the Administrative Agent within one (1) Business Day following notice by the Administrative Agent, the Rescindable Amount so distributed to such Lender or such Issuing Bank, in Same Day Funds with interest thereon, for each day from and including the date such amount is distributed to it to but excluding the date of payment to the Administrative Agent, at the greater of the Federal Funds Effective Rate and a rate determined by the Administrative Agent in accordance with banking industry rules on interbank compensation.
A notice of the Administrative Agent to any Lender or a Borrower with respect to any amount owing under this clause (d) shall be conclusive, absent manifest error.
(e)If any Lender shall fail to make any payment required to be made by it pursuant to Section 2.05(c), 2.06(d) or (e), 2.07(b), 2.18(d) or 9.03(c), then the Administrative Agent may, in its discretion (notwithstanding any contrary provision hereof), (i) apply any amounts thereafter received by the Administrative Agent for the account of such Lender and for the benefit of the Administrative Agent or the Issuing Banks to satisfy such Lender’s obligations under such Sections until all such unsatisfied obligations are fully paid and/or (ii) hold any such amounts in a segregated account over which the Administrative Agent shall have exclusive control as cash collateral for, and application to, any future funding obligations of such Lender under any such Section; in the case of each of clauses (i) and (ii) above, in any order as determined by the Administrative Agent in its discretion.
Section 2.19.Mitigation Obligations; Replacement of Lenders.
(a)If any Lender requests compensation under Section 2.15, or if any Borrower is required to pay any additional amount to any Lender or any Governmental Authority for the account of any Lender pursuant to Section 2.17, then such Lender shall use reasonable efforts to designate a different lending office for funding or booking its Loans hereunder or to assign its rights and obligations hereunder to another of its offices, branches or affiliates, if, in the reasonable judgment of such Lender, such designation or assignment (i) would eliminate or reduce amounts payable pursuant to Section 2.15 or 2.17, as the case may be, in the future and (ii) would not subject such Lender to any unreimbursed cost or expense and would not otherwise be disadvantageous to such Lender. The Company hereby agrees to pay all reasonable costs and expenses incurred by any Lender in connection with any such designation or assignment.
(b)If (i) any Lender requests compensation under Section 2.15, (ii) any Borrower is required to pay any additional amount to any Lender or any Governmental Authority for the account of any Lender pursuant to Section 2.17 or (iii) any Lender becomes a Defaulting Lender, then the Company may, at its sole expense and effort, upon notice to such Lender and the Administrative Agent, require such Lender to assign and delegate, without recourse (in accordance with and subject to the restrictions contained in Section 9.04), all its interests, rights (other than its existing rights to payments pursuant to Section 2.15 or 2.17) and obligations under the Loan Documents to an assignee that shall assume such obligations (which assignee may be another Lender, if a Lender accepts such assignment); provided that (i) the Company shall have received the prior written consent of the Administrative Agent (and if a Commitment is being assigned, the Issuing Banks and the Swingline Lender), which consent shall not unreasonably be withheld, (ii) such Lender shall have received payment of an amount equal to the outstanding principal of its Loans and participations in LC Disbursements and Swingline Loans, accrued interest thereon, accrued fees and all other amounts payable to it hereunder, from the assignee (to the extent of such outstanding principal and accrued interest and fees) or the Company (in the case of all other amounts) and (iii) in the case of any such assignment resulting from a claim for compensation under Section 2.15 or payments required to be made pursuant to Section 2.17, such assignment will result in a reduction in such compensation or payments. A Lender shall not be required to make any such assignment and delegation if, prior thereto, as a result of a waiver by such Lender or otherwise, the circumstances entitling the Company to require such assignment and delegation cease to apply.
Section 2.20.Expansion Option. The Company may from time to time elect to increase the Commitments or enter into one or more tranches of term loans (each an “Incremental Facility”), in each case in a minimum amount of $10,000,000, and in increments of $5,000,000 in excess thereof, so long as, after giving effect thereto, the aggregate amount of such Incremental Facility does not exceed $75,000,000; provided that, the Company may make a maximum of five (5) such requests. The Company may arrange for any such Incremental Facility to be provided by one or more Lenders (each Lender, an “Increasing Lender”), or by one or more new banks, financial institutions or other entities (each such new bank, financial institution or other entity, an “Augmenting Lender”); provided that (i) each Augmenting Lender shall be subject to the approval of the Company and the Administrative Agent and (ii) (x) in the case of an Increasing Lender, the Company and such Increasing Lender execute an agreement substantially in the form of Exhibit C hereto, and (y) in the case of an Augmenting Lender, the Company and such Augmenting Lender execute an agreement substantially in the form of Exhibit D hereto; provided further that no commitment of any Lender shall be increased without the consent of such Lender. No consent of any Lender (other than the Lenders participating in the Incremental Facility) shall be required for any Incremental Facility pursuant to this Section 2.20. Incremental Facilities created pursuant to this Section 2.20 shall become effective on the date agreed by the Company, the Administrative Agent and the relevant Increasing Lenders or Augmenting Lenders, and the Administrative Agent shall notify each Lender thereof. Notwithstanding the foregoing, no Incremental Facility shall become effective under this paragraph unless, (i) on the proposed date of the effectiveness of such Incremental Facility, (A)
the conditions set forth in paragraphs (a) and (b) of Section 4.02 shall be satisfied or waived by the Required Lenders and the Administrative Agent shall have received a certificate to that effect dated such date and executed by a Financial Officer of the Company and (B) the Company shall be in compliance (on a pro forma basis reasonably acceptable to the Administrative Agent) with the covenants contained in Section 6.11 and (ii) the Administrative Agent shall have received documents consistent with those delivered on the Effective Date as to the corporate power and authority of the Borrowers to borrow hereunder after giving effect to such Incremental Facility. On the effective date of any Incremental Facility, (i) each relevant Increasing Lender and Augmenting Lender shall make available to the Administrative Agent such amounts in immediately available funds as the Administrative Agent shall determine, for the benefit of the other Lenders, as being required in order to cause, after giving effect to such Incremental Facility and the use of such amounts to make payments to such other Lenders, each Lender’s portion of the outstanding Loans of all the Lenders to equal its Applicable Percentage of such outstanding Loans, and (ii) except to the extent not applicable to such Incremental Facility, the Borrowers shall be deemed to have repaid and reborrowed all outstanding Loans as of the date of any such Incremental Facility (with such reborrowing to consist of the Types of Loans, with related Interest Periods if applicable, specified in a notice delivered by the Company (on its own behalf or on behalf of the applicable Borrower) in accordance with the requirements of Section 2.03). The deemed payments made pursuant to clause (ii) of the immediately preceding sentence shall, in respect of each Term SOFR Loan and Foreign Currency Term Rate Loan, be accompanied by payment of all accrued interest on the amount prepaid and shall be subject to indemnification by the Borrowers pursuant to the provisions of Section 2.16 if the deemed payment occurs other than on the last day of the related Interest Periods. Nothing contained in this Section 2.20 shall constitute, or otherwise be deemed to be, a commitment on the part of any Lender to provide an Incremental Facility at any time. In connection with any Incremental Facility pursuant to this Section 2.20, any Augmenting Lender becoming a party hereto shall (1) execute such documents and agreements as the Administrative Agent may reasonably request and (2) in the case of any Augmenting Lender that is organized under the laws of a jurisdiction outside of the United States of America, provide to the Administrative Agent, its name, address, tax identification number and/or such other information as shall be necessary for the Administrative Agent to comply with “know your customer” and anti-money laundering rules and regulations, including without limitation, the Patriot Act.
Section 2.21.Market Disruption. Notwithstanding the satisfaction of all conditions referred to in Article II and Article IV with respect to any Credit Event to be effected in any Foreign Currency, if (i) there shall occur on or prior to the date of such Credit Event any change in national or international financial, political or economic conditions or currency exchange rates or exchange controls which would in the reasonable opinion of the Administrative Agent, the relevant Issuing Bank (if such Credit Event is a Letter of Credit), any Designated Lender or the Required Lenders make it impracticable for the Term SOFR Borrowings, Foreign Currency Borrowings or Letters of Credit comprising such Credit Event to be denominated in the Agreed Currency specified by the relevant Borrower, (ii) such currency is no longer an Agreed Currency or (iii) a Dollar Amount of such currency is not readily calculable, then the Administrative Agent shall forthwith give notice thereof to such Borrower, the Lenders and, if such Credit Event is a Letter of Credit, the relevant Issuing Bank, and such Credit Events shall not be denominated in such Agreed Currency but shall, except as otherwise set forth in Section 2.07, be made on the date of such Credit Event in Dollars, (a) if such Credit Event is a Borrowing, in an aggregate principal amount equal to the Dollar Amount of the aggregate principal amount specified in the related Borrowing Request or Interest Election Request, as the case may be, as ABR Loans, unless such Borrower notifies the Administrative Agent at least one Business Day before such date that (i) it elects not to borrow on such date or (ii) it elects to borrow on such date in a different Agreed Currency, as the case may be, in which the denomination of such Loans would in the reasonable opinion of the Administrative Agent and the Required Lenders be practicable and in an aggregate principal amount equal to the Dollar
Amount of the aggregate principal amount specified in the related Borrowing Request or Interest Election Request, as the case may be or (b) if such Borrowing is a Letter of Credit, in a face amount equal to the Dollar Amount of the face amount specified in the related request or application for such Letter of Credit, unless such Borrower notifies the Administrative Agent at least one Business Day before such date that (i) it elects not to request the issuance of such Letter of Credit on such date or (ii) it elects to have such Letter of Credit issued on such date in a different Agreed Currency, as the case may be, in which the denomination of such Letter of Credit would in the reasonable opinion of the relevant Issuing Bank, the Administrative Agent and the Required Lenders be practicable and in face amount equal to the Dollar Amount of the face amount specified in the related request or application for such Letter of Credit, as the case may be.
Section 2.22.Judgment Currency. If for the purposes of obtaining judgment in any court it is necessary to convert a sum due from any Borrower hereunder in the currency expressed to be payable herein (the “specified currency”) into another currency, the parties hereto agree, to the fullest extent that they may effectively do so, that the rate of exchange used shall be that at which in accordance with normal banking procedures the Administrative Agent could purchase the specified currency with such other currency at the Administrative Agent’s main New York City office on the Business Day preceding that on which final, non-appealable judgment is given. The obligations of each Borrower in respect of any sum due to any Lender or the Administrative Agent hereunder shall, notwithstanding any judgment in a currency other than the specified currency, be discharged only to the extent that on the Business Day following receipt by such Lender or the Administrative Agent (as the case may be) of any sum adjudged to be so due in such other currency such Lender or the Administrative Agent (as the case may be) may in accordance with normal, reasonable banking procedures purchase the specified currency with such other currency. If the amount of the specified currency so purchased is less than the sum originally due to such Lender or the Administrative Agent, as the case may be, in the specified currency, each Borrower agrees, to the fullest extent that it may effectively do so, as a separate obligation and notwithstanding any such judgment, to indemnify such Lender or the Administrative Agent, as the case may be, against such loss, and if the amount of the specified currency so purchased exceeds (a) the sum originally due to any Lender or the Administrative Agent, as the case may be, in the specified currency and (b) any amounts shared with other Lenders as a result of allocations of such excess as a disproportionate payment to such Lender under Section 2.18, such Lender or the Administrative Agent, as the case may be, agrees to remit such excess to such Borrower.
Section 2.23.Designation of Foreign Subsidiary Borrowers.
(a)The Company may at any time and from time to time, upon not less than fifteen (15) Business Days’ notice from the Company to the Administrative Agent (or such shorter period as may be agreed by the Administrative Agent in its sole discretion), designate any Eligible Foreign Subsidiary as a Foreign Subsidiary Borrower by delivery to the Administrative Agent of a Borrowing Subsidiary Agreement executed by such Subsidiary and the Company and the satisfaction of the other conditions precedent set forth in Section 4.03, and upon such delivery and satisfaction such Subsidiary shall for all purposes of this Agreement be a Foreign Subsidiary Borrower and a party to this Agreement until the Company shall have executed and delivered to the Administrative Agent a Borrowing Subsidiary Termination with respect to such Subsidiary, whereupon such Subsidiary shall cease to be a Foreign Subsidiary Borrower and a party to this Agreement; provided that no Borrowing Request or request for the issuance of a Letter of Credit Application may be submitted by or on behalf of such Foreign Subsidiary Borrower until the date five (5) Business Days after the effective date of such Borrowing Subsidiary Agreement. Notwithstanding the preceding sentence, no Borrowing Subsidiary Termination will become effective as to any Foreign Subsidiary Borrower at a time when any principal of or interest on any Loan to such Borrower shall be outstanding hereunder, provided
that such Borrowing Subsidiary Termination shall be effective to terminate the right of such Foreign Subsidiary Borrower to make further Borrowings under this Agreement. As soon as practicable upon receipt of a Borrowing Subsidiary Agreement, the Administrative Agent shall furnish a copy thereof to each Lender.
(b)Each Subsidiary of the Company that is or becomes a Foreign Subsidiary Borrower pursuant to this Section 2.23 hereby irrevocably appoints the Company to act as its agent for all purposes of this Agreement and the other Loan Documents and agrees that (i) the Company may execute such documents on behalf of such Foreign Subsidiary Borrower as the Company deems appropriate in its sole discretion and each Foreign Subsidiary Borrower shall be obligated by all of the terms of any such document executed on its behalf, (ii) any notice or communication delivered by the Administrative Agent or the Lender to the Company shall be deemed delivered to each Foreign Subsidiary Borrower and (iii) the Administrative Agent or the Lenders may accept, and be permitted to rely on, any document, instrument or agreement executed by the Company on behalf of each of the Loan Parties.
Section 2.24.Defaulting Lenders. Notwithstanding any provision of this Agreement to the contrary, if any Lender becomes a Defaulting Lender, then the following provisions shall apply for so long as such Lender is a Defaulting Lender:
(a)fees shall cease to accrue on the Commitment of such Defaulting Lender pursuant to Section 2.12(a);
(b)any payment of principal, interest, fees or other amounts received by the Administrative Agent for the account of such Defaulting Lender (whether voluntary or mandatory, at maturity, pursuant to Section 7.02 or otherwise) or received by the Administrative Agent from a Defaulting Lender pursuant to Section 9.08 shall be applied at such time or times as may be determined by the Administrative Agent as follows: first, to the payment of any amounts owing by such Defaulting Lender to the Administrative Agent hereunder; second, to the payment on a pro rata basis of any amounts owing by such Defaulting Lender to the Issuing Bank or Swingline Lender hereunder; third, to cash collateralize the Issuing Bank’s LC Exposure with respect to such Defaulting Lender in accordance with this Section; fourth, as the Borrowers may request (so long as no Default or Event of Default exists), to the funding of any Loan in respect of which such Defaulting Lender has failed to fund its portion thereof as required by this Agreement, as determined by the Administrative Agent; fifth, if so determined by the Administrative Agent and the Borrowers, to be held in a deposit account and released pro rata in order to (x) satisfy such Defaulting Lender’s potential future funding obligations with respect to Loans under this Agreement and (y) cash collateralize the Issuing Bank’s future LC Exposure with respect to such Defaulting Lender with respect to future Letters of Credit issued under this Agreement, in accordance with this Section; sixth, to the payment of any amounts owing to the Lenders, the Issuing Bank or Swingline Lender as a result of any judgment of a court of competent jurisdiction obtained by any Lender, the Issuing Bank or Swingline Lender against such Defaulting Lender as a result of such Defaulting Lender’sLender’s breach of its obligations under this Agreement or under any other Loan Document; seventh, so long as no Default or Event of Default exists, to the payment of any amounts owing to the Borrowers as a result of any judgment of a court of competent jurisdiction obtained by a Borrower against such Defaulting Lender as a result of such Defaulting Lender’s breach of its obligations under this Agreement or under any other Loan Document; and eighth, to such Defaulting Lender or as otherwise directed by a court of competent jurisdiction; provided that if (x) such payment is a payment of the principal amount of any Loans or LC Disbursements in respect of which such Defaulting Lender has not fully funded its appropriate share, and (y) such Loans were made or the related Letters of Credit were issued at a time when the conditions set forth in Section 4.02 were satisfied or waived, such payment shall be applied solely to pay the Loans of, and LC Disbursements owed to, all non-Defaulting Lenders on a pro rata basis prior to being applied to the payment of any
Loans of, or LC Disbursements owed to, such Defaulting Lender until such time as all Loans and funded and unfunded participations in the Borrower’s obligations corresponding to such Defaulting Lender’s LC Exposure and Swingline Loans are held by the Lenders pro rata in accordance with the Commitments without giving effect to clause (d) below. Any payments, prepayments or other amounts paid or payable to a Defaulting Lender that are applied (or held) to pay amounts owed by a Defaulting Lender or to post cash collateral pursuant to this Section shall be deemed paid to and redirected by such Defaulting Lender, and each Lender irrevocably consents hereto;
(c)the Commitment and Credit Exposure of such Defaulting Lender shall not be included in determining whether the Required Lenders have taken or may take any action hereunder (including any consent to any amendment, waiver or other modification pursuant to Section 9.02); provided, that, except as otherwise provided in Section 9.02, this clause (b) shall not apply to the vote of a Defaulting Lender in the case of an amendment, waiver or other modification requiring the consent of such Lender or each Lender directly affected thereby;
(d)if any Swingline Exposure or LC Exposure exists at the time such Lender becomes a Defaulting Lender then:
(i)all or any part of the Swingline Exposure and LC Exposure of such Defaulting Lender (other than the portion of such Swingline Exposure referred to in clause (b) of the definition of such term) shall be reallocated among the non-Defaulting Lenders in accordance with their respective Applicable Percentages but only to the extent that the sum of all non-Defaulting Lenders’ Credit Exposures plus such Defaulting Lender’s LC Exposure does not exceed the total of all non-Defaulting Lenders’ Commitments;
(ii)if the reallocation described in clause (i) above cannot, or can only partially, be effected, the Company shall within one (1) Business Day following notice by the Administrative Agent, (x) first, prepay such Swingline Exposure and (y) second, cash collateralize for the benefit of each Issuing Bank only the Borrowers’ obligations corresponding to such Defaulting Lender’s LC Exposure (after giving effect to any partial reallocation pursuant to clause (i) above) in accordance with the procedures set forth in Section 2.06(j) for so long as such LC Exposure is outstanding;
(iii)if the Company cash collateralizes any portion of such Defaulting Lender’s LC Exposure pursuant to clause (ii) above, the Borrowers shall not be required to pay any fees to such Defaulting Lender pursuant to Section 2.12(b) with respect to such Defaulting Lender’s LC Exposure during the period such Defaulting Lender’s LC Exposure is cash collateralized;
(iv)if the LC Exposure of the non-Defaulting Lenders is reallocated pursuant to clause (i) above, then the fees payable to the Lenders pursuant to Section 2.12(b) shall be adjusted in accordance with such non-Defaulting Lenders’ Applicable Percentages; and
(v)if all or any portion of such Defaulting Lender’s LC Exposure is neither reallocated nor cash collateralized pursuant to clause (i) or (ii) above, then, without prejudice to any rights or remedies of the relevant Issuing Bank or any other Lender hereunder, all commitment fees that otherwise would have been payable to such Defaulting Lender (solely with respect to the portion of such Defaulting Lender’s Commitment that was utilized by such LC Exposure) and letter of credit fees payable under Section 2.12(b) with respect to such Defaulting Lender’s LC Exposure shall be
payable to such Issuing Bank until and to the extent that such LC Exposure is reallocated and/or cash collateralized; and
(e)so long as such Lender is a Defaulting Lender, the Swingline Lender shall not be required to fund any Swingline Loan and the relevant Issuing Bank shall not be required to issue, amend or increase any Letter of Credit, unless it is satisfied that the related exposure and the Defaulting Lender’s then outstanding LC Exposure will be 100% covered by the Commitments of the non-Defaulting Lenders and/or cash collateral will be provided by the Company in accordance with Section 2.24(c), and participating interests in any Swingline Loan and/or newly issued or increased Letter of Credit shall be allocated among non-Defaulting Lenders in a manner consistent with Section 2.24(c)(i) (and such Defaulting Lender shall not participate therein).
If (i) a Bankruptcy Event with respect to a Lender Parent shall occur following the Effective Date and for so long as such event shall continue or (ii) the Swingline Lender or any Issuing Bank has a good faith belief that any Lender has defaulted in fulfilling its obligations under one or more other agreements in which such Lender commits to extend credit, the Swingline Lender shall not be required to fund any Swingline Loan and no Issuing Bank shall be required to issue, amend or increase any Letter of Credit, unless the Swingline Lender or relevant Issuing Bank, as the case may be, shall have entered into arrangements with the Company or such Lender, satisfactory to the Swingline Lender or such Issuing Bank to defease any risk to it in respect of such Lender hereunder.
In the event that the Administrative Agent, the Company, the Swingline Lender and each Issuing Bank each agrees that a Defaulting Lender has adequately remedied all matters that caused such Lender to be a Defaulting Lender, then the Swingline Exposure and LC Exposure of the Lenders shall be readjusted to reflect the inclusion of such Lender’s Commitment and on such date such Lender shall purchase at par such of the Loans of the other Lenders (other than Swingline Loans) as the Administrative Agent shall determine may be necessary in order for such Lender to hold such Loans in accordance with its Applicable Percentage.
Section 2.25.Designated Lenders. Each of the Administrative Agent, the Issuing Banks, the Swingline Lender and each Lender at its option may make any Loan or issue any Letter of Credit, as applicable, or otherwise perform its obligations hereunder through any Lending Office (each, a “Designated Lender”); provided that any exercise of such option shall not affect the obligation of such Borrower to repay any Credit ExtensionEvent in accordance with the terms of this Agreement. Any Designated Lender shall be considered a Lender shall apply to such Affiliate or branch of such Lender to the same extent as such Lender; provided that for the purposes only of voting in connection with any Loan Document, any participation by any Designated Lender in any outstanding Loan or Letter of Credit shall be deemed a participation of such Lender.
Article III_____
Representations and Warranties
Each Borrower represents and warrants to the Lenders that:
Section 3.01.Organization; Powers; Subsidiaries. Each of the Company and each of the Subsidiary Guarantors is duly organized, validly existing and in good standing (to the
extent such concept is applicable in the relevant jurisdiction) under the laws of the jurisdiction of its organization, has all requisite power and authority to carry on its business as now conducted and, except where the failure to do so, individually or in the aggregate, could not reasonably be expected to result in a Material Adverse Effect, is qualified to do business in, and is in good standing in, every jurisdiction where such qualification is required except where the failure to be so qualified, individually or in the aggregate, could not reasonably be expected to result in a Material Adverse Effect. Schedule 3.01 hereto identifies as of the Effective Date each Subsidiary, the jurisdiction of its incorporation or organization, as the case may be, the percentage of issued and outstanding shares of each class of its capital stock or other Equity Interests owned by the Company and the other Subsidiaries and, if such percentage is not 100% (excluding directors’ qualifying shares as required by law), a description of each class issued and outstanding. All of the outstanding shares of capital stock and other Equity Interests of each Subsidiary are validly issued and outstanding and fully paid and nonassessable and all such shares and other equity interests indicated on Schedule 3.01 as owned by the Company or another Subsidiary are as of the Effective Date owned, beneficially and of record, by the Company or such Subsidiary free and clear of all Liens, other than Liens permitted under Section 6.02 hereof. There are no outstanding commitments or other obligations of the Company or any Subsidiary to issue, and no options, warrants or other rights of any Person to acquire, any shares of any class of capital stock or other equity interests of the Company or any Subsidiary.
Section 3.02.Authorization; Enforceability. The Transactions are within each Borrower’s organizational powers and have been duly authorized by all necessary organizational actions and, if required under applicable law, actions by equity holders. The Loan Documents to which each Borrower is a party have been duly executed and delivered by such Borrower and constitute a legal, valid and binding obligation of such Borrower, enforceable in accordance with its terms, subject to applicable bankruptcy, insolvency, reorganization, moratorium or other laws affecting creditors’ rights generally and subject to general principles of equity, regardless of whether considered in a proceeding in equity or at law.
Section 3.03.Governmental Approvals; No Conflicts. The Transactions
(a)do not require any consent or approval of, registration or filing with, or any other action by, any Governmental Authority, except (i) such as have been obtained or made and are in full force and effect, (ii) those filings and recordings in connection with Liens granted to the Administrative Agent under the Loan Documents, and (iii) consents, approvals, registrations, filings or other actions the failure to obtain or perform could not reasonably be expected to result in a Material Adverse Effect,
(b)will not violate (i) any applicable law or regulation except where such violation could not reasonably be expected to result in a Material Adverse Effect, (ii) the charter, by-laws or other organizational documents of the Company or any of its Subsidiaries, as applicable, or (iii) any order of any Governmental Authority binding upon the Company or such Subsidiary except where such violation could not reasonably be expected to result in a Material Adverse Effect,
(c)will not violate or result in a default under any indenture, material agreement or other material instrument binding upon the Company or any of its Subsidiaries or its assets, except where such violation or default could not reasonably be expected to result in a Material Adverse Effect, and
(d)will not result in the creation or imposition of any Lien on any asset of the Company or any of its Subsidiaries, other than Liens created pursuant to the Loan Documents.
Section 3.04.Financial Condition; No Material Adverse Change.
(a)The Company has heretofore furnished to the Lenders (or made available to the Lenders on the Securities and Exchange Commission’s EDGAR web page) its consolidated balance sheet and statements of income, stockholders equity and cash flows (i) as of and for the fiscal year ended December 31, 2017, audited by KPMG LLP, independent public accountants, and (ii) as of and for the fiscal quarter and the portion of the fiscal year ended June 30, 2018, certified by a Financial Officer.
Such financial statements present fairly, in all material respects, the financial position and results of operations and cash flows of the Company and its consolidated Subsidiaries as of such dates and for such periods in accordance with GAAP, subject to year-end audit adjustments and the absence of footnotes in the case of the statements referred to in clause (ii) above.
(b)Since December 31, 2017, except as otherwise disclosed by the Company in its Quarterly Reports on Form 10-Q filed with the Securities and Exchange Commission for the fiscal quarters ended March 31, 2018 and June 30, 2018, there has been no Material Adverse Change.
Section 3.05.Properties.
(a)Each of the Company and its Material Subsidiaries has good title to, or valid leasehold interests in, all its real and personal property material to the conduct of the business of the Company and its Material Subsidiaries taken as a whole, except for minor defects in title that do not interfere with its ability to conduct its business as currently conducted or to utilize such properties for their intended purposes.
(b)Each of the Company and its Material Subsidiaries owns, or is licensed to use, all trademarks, tradenames, copyrights, patents and other intellectual property material to its business, and the use thereof by the Company and its Material Subsidiaries does not infringe upon the rights of any other Person, except for any such infringements that, individually or in the aggregate, could not reasonably be expected to result in a Material Adverse Effect.
Section 3.06.Litigation, Labor Matters and Environmental Matters.
(a)There are no actions, suits or proceedings by or before any arbitrator or Governmental Authority pending against or, to the knowledge of any Borrower, threatened against or affecting the Company or any of its Material Subsidiaries (i) as to which there is a reasonable possibility of an adverse determination and that, if adversely determined, could reasonably be expected, individually or in the aggregate, to result in a Material Adverse Effect (other than the Disclosed Matters) or (ii) that involve this Agreement or the Transactions.
(b)There are no labor controversies pending against or, to the knowledge of the Company, threatened against or affecting the Company or any of its Material Subsidiaries (i) which could reasonably be expected, individually or in the aggregate, to result in a Material Adverse Effect, or (ii) that involve this Agreement or the Transactions.
(c)Except for the Disclosed Matters and except with respect to any other matters that, individually or in the aggregate, could not reasonably be expected to result in a Material Adverse Effect, neither the Company nor any of its Material Subsidiaries:
(i)has failed to comply with any Environmental Law or to obtain, maintain or comply with any permit, license or other approval required under any Environmental Law,
(ii)has become subject to any Environmental Liability,
(iii)has received notice of any claim with respect to any Environmental Liability or
(iv)knows of any basis for any Environmental Liability.
(d)Since the date of this Agreement, there has been no change in the status of the Disclosed Matters that, individually or in the aggregate, has resulted in, or could reasonably be expected to result in, a Material Adverse Effect.
Section 3.07.Compliance with Laws and Agreements; No Burdensome Restrictions. Each of the Company and its Subsidiaries is in compliance with all laws, regulations and orders of any Governmental Authority applicable to it or its property and all indentures, agreements and other instruments binding upon it or its property, except where the failure to do so, individually or in the aggregate, could not reasonably be expected to result in a Material Adverse Effect. Neither the Company nor any Subsidiary is party or subject to any law, regulation, rule or order, or any obligation under any agreement or instrument, that has a Material Adverse Effect.
Section 3.08.Investment Company Status. Neither the Company nor any of its Subsidiaries is an “investment company” as defined in, or subject to regulation under, the Investment Company Act of 1940.
Section 3.09.Taxes. Each of the Company and its Subsidiaries has timely filed or caused to be filed all federal, state income and other material Tax returns and reports required to have been filed and has paid or caused to be paid all Taxes required to have been paid by it, except
(a)Taxes that are being contested in good faith by appropriate proceedings and for which the Company or such Subsidiary, as applicable, has set aside on its books adequate reserves or
(b)to the extent that the failure to do so could not reasonably be expected to result in a Material Adverse Effect.
Section 3.10.ERISA.
(a)No ERISA Event has occurred or is reasonably expected to occur that, when taken together with all other such ERISA Events for which liability is reasonably expected to occur, could reasonably be expected to result in a Material Adverse Effect.
(b)As of the Effective Date neither the Company nor any of its Subsidiaries holds “plan assets” of any “benefit plan investor” (within the meaning of Section 3(42) of ERISA).
Section 3.11.Disclosure.
(a)The Company has disclosed to the Lenders all agreements, instruments and corporate or other restrictions to which it or any of its Subsidiaries is subject, and all other matters known to it, that, in each case, individually or in the aggregate, could reasonably be expected to result in a Material Adverse Effect. None of the reports, financial statements, certificates or other information furnished by or on behalf of the Company or any Subsidiary to the Administrative Agent or any Lender in connection with the negotiation of this Agreement or
delivered hereunder (as modified or supplemented by other information so furnished) contained, when furnished, any untrue statement of a fact or omitted to state any material fact necessary to make the statements contained therein, in the light of the circumstances under which they were made, not materially misleading; provided that, with respect to projected financial information, the Borrowers represent only that such information was prepared in good faith based upon assumptions believed to be reasonable at the time of such preparation.
(b)The information included in the Beneficial Ownership Certification most recently provided to each Lender, if applicable, is true and correct in all respects.
Section 3.12.No Default. No Default has occurred and is continuing.
Section 3.13.Liens. There are no Liens on any of the real or personal properties of the Company or any Subsidiary except for Liens created by the Collateral Documents and except as otherwise permitted by Section 6.02.
Section 3.14.Contingent Obligations. Other than any liability incident to any litigation, arbitration or proceeding which could not reasonably be expected to have a Material Adverse Effect, the Company has no material contingent obligations not provided for or disclosed in the financial statements referred to in Section 3.04.
Section 3.15.Regulation U. Margin stock (as defined in Regulation U) constitutes less than 25% of the value of those assets of the Company and its Subsidiaries which are subject to any limitation on sale, pledge, or other restriction hereunder.
Section 3.16.Anti-Corruption Laws and Sanctions. The Company has implemented and maintains in effect policies and procedures designed to address compliance by the Company and its Subsidiaries with Anti-Corruption Laws and applicable Sanctions, and the Company and its Subsidiaries are in compliance with Anti-Corruption Laws and applicable Sanctions in all material respects and, in the case of any Foreign Subsidiary Borrower, is not knowingly engaged in any activity that could reasonably be expected to result in such Borrower being designated as a Sanctioned Person. Neither the Company nor any Subsidiary is a Sanctioned Person. For purposes of the foregoing representation, the Company shall not be required to make any investigation into (i) the ownership of publicly traded stock or other publicly traded securities or (ii) the beneficial ownership of any collective investment fund.
Section 3.17.Affected Financial Institutions. (a) No Loan Party is an Affected Financial Institution.
Section 3.18.Centre of Main Interest. Each Dutch Loan Party for the purposes of Regulation (EU) 2015/848 on insolvency proceedings (recast) has its centre of main interest (as that term is used in Article 3 (1) of Regulation (EU) 2015/848 on insolvency proceedings (recast)) in the Netherlands and no Dutch Loan Party has an establishment (as that term is used in Article 2 (10) of the Regulation (EU) 2015/848 on insolvency proceedings (recast)) in any other jurisdiction.
Article IV_____
Conditions
Section 4.01.Effective Date. The obligations of the Lenders to make Loans and of the Issuing Bank to issue Letters of Credit hereunder shall not become effective until the date on which each of the following conditions is satisfied (or waived in accordance with Section 9.02):
(a)Execution of Credit Agreement; Loan Documents. The Administrative Agent shall have received (i) counterparts of this Agreement, executed by a Responsible Officer of each Loan Party and a duly authorized officer of each Lender, (ii) for the account of each Lender requesting a Note, a Note executed by a Responsible Officer of the Borrowers, and (iii) counterparts of the Subsidiary Guaranty, executed by a Responsible Officer of the applicable Loan Parties.
(b)Legal Opinions of Counsel. The Administrative Agent shall have received favorable written opinions (addressed to the Administrative Agent and the Lenders and dated the Effective Date) of (i) the chief legal officer of the Loan Parties, and (ii) Jones Day, special counsel for the Loan Parties, in each case covering such matters relating to the Loan Parties, the Loan Documents, this Agreement and the transactions contemplated hereby as the Administrative Agent shall reasonably request. The Company hereby requests such counsels to deliver such opinions.
(c)Officer’s Certificate. The Administrative Agent shall have received a certificate dated the Effective Date, certifying as to (i) the organizational documents of each Loan Party (which, to the extent filed with a Governmental Authority, shall be certified as of a recent date by such Governmental Authority), (ii) the resolutions of the governing body of each Loan Party, (iii) the good standing, existence or its equivalent of each Loan Party, to the extent generally available in such jurisdiction, and (iv) the incumbency (including specimen signatures) of the Responsible Officers of each Loan Party, all in form and substance reasonably acceptable to the Administrative Agent.
(d)[Reserved].
(e)Solvency Certificate. The Administrative Agent shall have received a certificate signed by a Responsible Officer of the Company as to the financial condition, solvency and related matters of the Company and its Subsidiaries, after giving effect to the initial borrowings under the Loan Documents and the other transactions contemplated hereby.
(f)Officer’s Certificate. The Administrative Agent shall have received a certificate signed by a Responsible Officer of the Company certifying the following: (x) all of the representations and warranties of the Borrowers set forth in the Credit Agreement are true and correct in all material respects and (y) no Default has occurred and is then continuing.
(g)Fees and Expenses. The Administrative Agent and the Lenders shall have received all fees and expenses, if any, owing pursuant to the Fee Letter and hereunder, including, to the extent invoiced three (3) Business Days prior to the Effective Date, reimbursement or payment of all out-of-pocket expenses required to be reimbursed or paid by the Borrowers hereunder.
(h)Existing Indebtedness of the Loan Parties. All of the existing Indebtedness for borrowed money of the Company and its Subsidiaries owing under the Existing Credit Agreement shall be repaid in full and all security interests related thereto shall be terminated on or prior to the Effective Date.
(i)Existing Letters of Credit. Any Letters of Credit listed on Schedule 6.01 issued by JPMorgan Chase Bank, N.A., shall be backstopped, replaced or cash collateralized.
(j)No Litigation. Except for the Disclosed Matters or as otherwise disclosed by the Company in its Annual Report on Form 10-K for the year ended December 31, 2017 and Quarterly Reports on Form 10-Q for the fiscal quarters ended March 31, 2018 and June 30, 2018, there shall have been no actions, suits or proceedings by or before any arbitrator or
Governmental Authority pending against or, to the knowledge of any Borrower, threatened against or affecting the Company or any of its Material Subsidiaries (i) as to which there is a reasonable possibility of an adverse determination and that, if adversely determined, could reasonably be expected, individually or in the aggregate, to result in a Material Adverse Effect (other than the Disclosed Matters).
(k)Consents. The Administrative Agent shall have received evidence that all governmental, works council and material third party consents and approvals necessary in connection with the Loan Documents have been obtained except where the failure to have so received or obtained the foregoing could not reasonably be expected to have a Material Adverse Effect.
(l)Licensing Requirements. Each of the Administrative Agent, Swingline Lender, each Issuing Bank and each Lender shall have obtained all applicable licenses, consents, permits and approvals as deemed necessary by such Lender in order to execute and perform the transactions contemplated by the Loan Documents except where the failure to have so received or obtained the foregoing could not reasonably be expected to have a Material Adverse Effect; provided that the Company shall have the right to substitute or remove any Lender not having any such license, consent, permit and/or approval in order to cause the satisfaction of this condition.
(m)KYC Information.
(i)Upon the reasonable request of any Lender made prior to the Effective Date, the Borrowers shall have provided to the Administrative Agent or such Lender, and such Lender shall be reasonably satisfied with, the documentation and other information so requested in connection with applicable “know your customer” and anti-money-laundering rules and regulations, including, without limitation, the PATRIOT Act.
(ii)Any Borrower that qualifies as a “legal entity customer” under the Beneficial Ownership Regulation shall have provided, to each Lender that so requests, a Beneficial Ownership Certification in relation to such Borrower.
Without limiting the generality of the provisions of Article VIII, for purposes of determining compliance with the conditions specified in this Section, each Lender that has signed this Agreement shall be deemed to have consented to, approved or accepted or to be satisfied with, each document or other matter required thereunder to be consented to or approved by or acceptable or satisfactory to a Lender unless the Administrative Agent shall have received notice from such Lender prior to the proposed Effective Date specifying its objection thereto
Section 4.02.Each Credit Event. The obligation of each Lender to make a Loan, and of the Issuing Banks to issue, amend, renew or extend any Letter of Credit, is subject to the satisfaction of the following conditions:
(a)The representations and warranties of the Borrowers set forth in this Agreement (other than the representation and warranty set forth in Section 3.04(b)) shall be true and correct in all material respects on and as of the date of such Borrowing or the date of issuance, amendment, renewal or extension of such Letter of Credit, as applicable.
(b)At the time of and immediately after giving effect to such Borrowing or the issuance, amendment, renewal or extension of such Letter of Credit, as applicable, no Default shall have occurred and be continuing.
Each Borrowing and each issuance, amendment, renewal or extension of a Letter of Credit shall be deemed to constitute a representation and warranty by the Borrowers on the date thereof as to the matters specified in paragraphs (a) and (b) of this Section; provided that the foregoing shall not prohibit the conversion of a Term SOFR Borrowing into an ABR Borrowing pursuant to Section 2.08(e) or the conversion of an ABR Borrowing to a Term SOFR Borrowing or the continuation of a Term SOFR Borrowing or a Foreign Currency Term Rate Borrowing if no Event of Default exists.
Section 4.03.Designation of a Foreign Subsidiary Borrower. The designation of a Foreign Subsidiary Borrower pursuant to Section 2.23 is subject to the condition precedent that the Company or such proposed Foreign Subsidiary Borrower shall have furnished or caused to be furnished to the Administrative Agent:
(a)Copies, certified by the Secretary or Assistant Secretary of such Subsidiary, of resolutions of its Board of Directors’ or other governing body as applicable (and resolutions of other bodies, if any are deemed necessary by counsel for the Administrative Agent) approving the Borrowing Subsidiary Agreement and any other Loan Documents to which such Subsidiary is becoming a party and such documents and certificates as the Administrative Agent or its counsel may reasonably request relating to the organization, existence and good standing of such Subsidiary;
(b)An incumbency certificate, executed by the Secretary or Assistant Secretary of such Subsidiary, which shall identify by name and title and bear the signature of the officers of such Subsidiary authorized to request Borrowings hereunder and sign the Borrowing Subsidiary Agreement and the other Loan Documents to which such Subsidiary is becoming a party, upon which certificate the Administrative Agent and the Lenders shall be entitled to rely until informed of any change in writing by the Company or such Subsidiary;
(c)Opinions of counsel to such Subsidiary, in form and substance reasonably satisfactory to the Administrative Agent and its counsel, with respect to the laws of its jurisdiction of organization and such other matters as are reasonably requested by counsel to the Administrative Agent and addressed to the Administrative Agent and the Lenders;
(d)Any information as shall be necessary for the Lenders to comply with applicable “know your customer” and anti-money laundering rules and regulations, including without limitation, the Patriot Act; and
(e)Any promissory notes requested by any Lender, and any other instruments and documents reasonably requested by the Administrative Agent.
Article V_____
Affirmative Covenants
Until the Commitments have expired or been terminated and the principal of and interest on each Loan and all fees payable hereunder shall have been paid in full and all Letters of Credit shall have expired or terminated, in each case, without any pending draw, and all LC Disbursements shall have been reimbursed, the Company covenants and agrees with the Lenders that:
Section 5.01.Financial Statements and Other Information. The Company will furnish to the Administrative Agent:
(a)as soon as practicable, and in any event no later than the earlier to occur of (x) the one-hundredth (100th) day after the end of each fiscal year of the Company, and (y) the fifth (5th) day after the date on which any of the following items are required to be delivered to the SEC, its audited consolidated balance sheet and related statements of operations, stockholders’ equity and cash flows as of the end of and for such year, setting forth in each case in comparative form the figures for the previous fiscal year, all reported on by KPMG LLP or other independent public accountants of recognized national standing (without a “going concern” or like qualification or exception and without any qualification or exception as to the scope of such audit) to the effect that such consolidated financial statements present fairly in all material respects the financial condition and results of operations of the Company and its consolidated Subsidiaries for such fiscal year on a consolidated basis in accordance with GAAP consistently applied;
(b)as soon as practicable, and in any event no later than the earlier to occur of (x) the fiftieth (50th) day after the end of each of the first three fiscal quarters of each fiscal year of the Company, and (y) the fifth (5th) day after the date on which any of the following items are required to be delivered to the SEC, its consolidated balance sheet and related statements of operations, stockholders’ equity and cash flows as of the end of and for such fiscal quarter and the then elapsed portion of the fiscal year, setting forth in each case in comparative form the figures for the corresponding period or periods of (or, in the case of the balance sheet, as of the end of) the previous fiscal year, all certified by one of its Financial Officers as presenting fairly in all material respects the financial condition and results of operations of the Company and its consolidated Subsidiaries for such period or periods on a consolidated basis in accordance with GAAP consistently applied, subject to normal year-end audit adjustments and the absence of footnotes;
(c)concurrently with any delivery of financial statements under clause (a) above, a reasonably detailed business plan and forecast (including a projected consolidated balance sheet, income statement and statement of cash flows) of the Company for such fiscal year;
(d)concurrently with any delivery of financial statements under clause (a) or (b) above, a certificate of a Financial Officer of the Company (i) certifying as to whether a Default has occurred and, if a Default has occurred, specifying the details thereof and any action taken or proposed to be taken with respect thereto, (ii) setting forth reasonably detailed calculations computing the Applicable Rate and demonstrating compliance with Sections 6.01(e), 6.01(f), 6.01(l), 6.04, 6.06 and 6.11, (iii) stating whether any change in GAAP or in the application thereof has occurred since the date of the audited financial statements referred to in Section 3.04 and, if any such change has occurred, specifying the effect of such change on the financial statements accompanying such certificate, and (iv) updating Schedule 3.01 in accordance with the definitions of “Material Subsidiary” and “Subsidiary Guarantor”;
(e)concurrently with any delivery of financial statements under clause (a) above, a certificate of the accounting firm that reported on such financial statements stating whether they obtained knowledge during the course of their examination of such financial statements of any Default (which certificate may be limited to the extent required by accounting rules or guidelines);
(f)promptly after the same become publicly available, copies of all periodic and other reports, proxy statements and other materials filed by the Company or any Subsidiary with the SEC, or any Governmental Authority succeeding to any or all of the functions of said Commission, or with any national securities exchange, or distributed by the Company to its shareholders generally, as the case may be;
(g)promptly following any request therefor, provide information and documentation reasonably requested by the Administrative Agent or any Lender for purposes of compliance with applicable “know your customer” and anti-money-laundering rules and regulations, including, without limitation, the PATRIOT Act and the Beneficial Ownership Regulation; and
(h)promptly following any reasonable request therefor, such other information regarding the operations, business affairs and financial condition of the Company or any Subsidiary, or compliance with the terms of this Agreement, as the Administrative Agent or any Lender may reasonably request.
Documents required to be delivered pursuant to clauses (a), (b) and (f) of this Section 5.01 may be delivered electronically and if so delivered, shall be deemed to have been delivered on the date on which such documents are filed for public availability on the SEC’s Electronic Data Gathering and Retrieval System; provided that the Company shall notify (which may be by facsimile or electronic mail and may also be included in the certificate delivered pursuant to clause (d) of this Section 5.01) the Administrative Agent of the filing of any such documents. Notwithstanding anything contained herein, in every instance the Company shall be required to provide paper copies of the compliance certificates required by clause (d) of this Section 5.01 to the Administrative Agent.
Section 5.02.Notices of Material Events. The Company will furnish to the Administrative Agent prompt written notice of the following:
(a)the occurrence of any Default;
(b)the filing or commencement of any action, suit or proceeding by or before any arbitrator or Governmental Authority against or affecting the Company or any Affiliate thereof that could reasonably be expected to result in a Material Adverse Effect;
(c)the occurrence of any ERISA Event that, alone or together with any other ERISA Events that have occurred, could reasonably be expected to result in liability of the Company and its Subsidiaries in an aggregate amount exceeding $5,000,000, and
(d)any other development that results in, or could reasonably be expected to result in, a Material Adverse Effect.
Each notice delivered under this Section shall be accompanied by a statement of a Financial Officer or other executive officer of the Company setting forth in reasonable detail the event or development requiring such notice and any action taken or proposed to be taken with respect thereto.
Section 5.03.Existence; Conduct of Business. The Company will, and will cause each Material Subsidiary to, do or cause to be done all things necessary to preserve, renew and keep in full force and effect its legal existence and business operations and the rights, licenses, permits, privileges and franchises material to the conduct of the business of the Company and the Material Subsidiaries taken as a whole; provided that the foregoing shall not prohibit any merger, consolidation, liquidation or dissolution permitted under Section 6.03.
Section 5.04.Payment of Obligations. The Company will, and will cause each of its Subsidiaries to, pay its obligations, including Tax liabilities, that, if not paid, could result in
a Material Adverse Effect before the same shall become delinquent or in default, except where (a) the validity or amount thereof is being contested in good faith by appropriate proceedings, (b) the Company or such Subsidiary has set aside on its books adequate reserves with respect thereto in accordance with GAAP and (c) the failure to make payment pending such contest could not reasonably be expected to result in a Material Adverse Effect.
Section 5.05.Maintenance of Properties; Insurance. The Company will, and will cause each Material Subsidiary to, (a) keep and maintain all property material to the conduct of the business of the Company and the Material Subsidiaries taken as a whole in good working order and condition, ordinary wear and tear excepted, and (b) maintain, with financially sound and reputable insurance companies, insurance in such amounts and against such risks as are customarily maintained by companies engaged in the same or similar businesses operating in the same or similar locations.
Section 5.06.Books and Records; Inspection Rights. The Company will, and will cause each Material Subsidiary to, keep proper books of record and account in which full, true and correct entries are made of all dealings and transactions in relation to its business and activities. The Company will, and will cause each of its Subsidiaries to, permit any representatives designated by the Administrative Agent or any Lender, upon reasonable prior notice, to visit and inspect its properties, to examine and make extracts from its books and records, and to discuss its affairs, finances and condition with its officers and independent accountants, all at such reasonable times and as often as reasonably requested.
Section 5.07.Compliance with Laws. The Company will, and will cause each Material Subsidiary to, comply with all laws, rules, regulations and orders (including, without limitation, Environmental Laws) of any Governmental Authority applicable to it or its property, except where the failure to do so, individually or in the aggregate, could not reasonably be expected to result in a Material Adverse Effect. The Company will maintain in effect and enforce policies and procedures designed to address compliance by the Company and its Subsidiaries with Anti-Corruption Laws and applicable Sanctions.
Section 5.08.Use of Proceeds and Letters of Credit. The proceeds of the Loans will be used only for working capital, capital expenditures, Permitted Acquisitions, Restricted Payments and for other general corporate purposes of the Company and its Subsidiaries. No part of the proceeds of any Loan will be used, whether directly or indirectly, for any purpose that entails a violation of any of the Regulations of the Board, including Regulations T, U and X. No Borrower will request any Borrowing or Letter of Credit, and no Borrower shall use, and the Company shall have in place policies and procedures designed to address that the Company and its Subsidiaries shall not knowingly use, the proceeds of any Borrowing or Letter of Credit (i) in furtherance of an offer, payment, promise to pay, or authorization of the payment or giving of money, or anything else of value, to any Person in violation of any Anti-Corruption Laws, (ii) for the purpose of funding, financing or facilitating any activities, business or transaction of or with any Sanctioned Person, or in any Sanctioned Country, to the extent such activities, businesses or transaction would be prohibited by Sanctions if conducted by a corporation incorporated in the United States or in a European Union member state in which the Company or any Subsidiary conducts business or (iii) in any manner that would result in the violation of any Sanctions applicable to the Company or any of its Subsidiaries.
Section 5.09.Additional Subsidiary Documentation. As promptly as possible but in any event within thirty (30) days (in the case of a Domestic Subsidiary) or sixty (60) days (in the case of a Foreign Subsidiary) (or, in each case, such later date as may be agreed upon by the Administrative Agent) after any Person becomes a Subsidiary or any Subsidiary qualifies independently as, or is designated by the Company as, a Subsidiary Guarantor pursuant to the definition of “Subsidiary Guarantor” (including, without limitation, upon formation or
designation of any Subsidiary that is a Delaware Divided LLC), the Company shall provide the Administrative Agent with written notice thereof setting forth information in reasonable detail describing the material assets of such Person and (a) shall cause each such Subsidiary which also qualifies or is designated by the Company as a Subsidiary Guarantor to deliver to the Administrative Agent a duly executed supplement to the Subsidiary Guaranty pursuant to which such Subsidiary agrees to be bound by the terms and provisions of the Subsidiary Guaranty, such supplement to be accompanied by appropriate corporate resolutions, other corporate documentation and legal opinions (unless the requirement to deliver such legal opinions is waived by the Administrative Agent in such instance in its discretion) in form and substance reasonably satisfactory to the Administrative Agent or (b) shall cause the pledge of such Subsidiary’s Equity Interests pursuant to Section 5.10 to the extent such Subsidiary, but for its status as an Affected Foreign Subsidiary, would otherwise qualify or be designated by the Company as a Subsidiary Guarantor.
Section 5.10.Pledge Agreements. The Company shall execute or cause to be executed, by no later than sixty days (or such later date as may be agreed upon by the Administrative Agent) after the date on which any First Tier Foreign Subsidiary would, but for its status as an Affected Foreign Subsidiary, qualify or be designated by the Company as a Subsidiary Guarantor, a Pledge Agreement in favor of the Administrative Agent for the benefit of the Holders of Secured Obligations with respect to the Applicable Pledge Percentage of all of the outstanding Equity Interests of such First Tier Foreign Subsidiary; provided that (x) no such pledge of the Equity Interests of a First Tier Foreign Subsidiary shall be required hereunder to the extent such pledge is prohibited by applicable law or the Administrative Agent and its counsel reasonably determine that such pledge would not provide material Collateral for the benefit of the Holders of Secured Obligations pursuant to legally binding, valid and enforceable Pledge Agreements and (y) no such pledge of the Equity Interests of Heidrick & Struggles (UK) Limited shall be required hereunder unless and until such pledge is required by the Administrative Agent. The Company further agrees to deliver to the Administrative Agent all such Pledge Agreements and other Collateral Documents, together with appropriate corporate resolutions and other documentation (including legal opinions (unless the requirement to deliver such legal opinions is waived by the Administrative Agent in such instance in its discretion), the stock certificates representing the Equity Interests subject to such pledge, stock powers with respect thereto executed in blank, and such other documents as shall be reasonably requested to perfect the Lien of such pledge) in each case in form and substance reasonably satisfactory to the Administrative Agent, and in a manner that the Administrative Agent shall be reasonably satisfied that it has a first priority perfected pledge of or charge over the Collateral related thereto. Notwithstanding the foregoing, the parties hereto acknowledge and agree that no Pledge Agreement in respect of the pledge of Equity Interests of a Foreign Subsidiary shall be required until the date that is sixty (60) days following the Effective Date (or such later date as is agreed to by the Administrative Agent in its reasonable discretion).
Article VI_____
Negative Covenants
Until the Commitments have expired or terminated and the principal of and interest on each Loan and all fees payable hereunder have been paid in full and all Letters of Credit have expired or terminated, in each case, without any pending draw, and all LC Disbursements shall have been reimbursed, the Company covenants and agrees with the Lenders that:
Section 6.01.Indebtedness. The Company will not, and will not permit any Subsidiary to, create, incur, assume or permit to exist any Indebtedness, except:
(a)Indebtedness created hereunder and under the other Loan Documents;
(b)Indebtedness existing on the Effective Date and set forth in Schedule 6.01 and extensions, renewals, refinancings and replacements of any such Indebtedness that do not increase the outstanding principal amount thereof;
(c)Indebtedness of the Company to any Subsidiary and of any Subsidiary to the Company or any other Subsidiary; provided that Indebtedness of any Subsidiary that is not a Loan Party to any Loan Party shall be subject to the limitations set forth in Section 6.04(c);
(d)Guarantees by the Company of Indebtedness of any Subsidiary and by any Subsidiary of Indebtedness of the Company or any other Subsidiary;
(e)Indebtedness of the Company or any Subsidiary incurred to finance the acquisition, construction or improvement of any fixed or capital assets, including Capital Lease Obligations and any Indebtedness assumed in connection with the acquisition of any such assets or secured by a Lien on any such assets prior to the acquisition thereof, and extensions, renewals, refinancings and replacements of any such Indebtedness that do not increase the outstanding principal amount thereof; provided that (i) such Indebtedness is incurred prior to or within 180 days after such acquisition or the completion of such construction or improvement and (ii) the aggregate outstanding principal amount of Indebtedness permitted by this clause (e), shall not exceed $15,000,000 at any time outstanding;
(f)(i) Unsecured Indebtedness of any Person that is assumed in connection with a Permitted Acquisition, and (ii) secured Indebtedness of any Person that becomes a Subsidiary, or merges into the Company or a Subsidiary after the Effective Date that is assumed in connection with a Permitted Acquisition; provided that, in each case, such Indebtedness exists at the time such Person becomes a Subsidiary, or merges into the Company or a Subsidiary and is not created in contemplation of or in connection with such Person becoming a Subsidiary, or merging into the Company or a Subsidiary, and provided further that the total amount of Indebtedness permitted by clause (f)(ii) shall not exceed $35,000,000 at any time outstanding;
(g)Indebtedness of the Company or any Subsidiary as an account party in respect of (i) trade letters of credit, or (ii) bank guarantees granted in connection with business licenses and leases in the ordinary course of business;
(h)Indebtedness of the Company or any Subsidiary in respect of workers’ compensation claims, self-insurance obligations, performance bonds, surety, appeal or similar bonds and completion guarantees provided by the Company and the Subsidiaries in the ordinary course of business;
(i)Guarantees in the ordinary course of business by the Company or any Subsidiary of Indebtedness incurred by employees or prospective employees; provided that the aggregate principal amount of such Guarantees permitted by this clause (i) shall not exceed $3,000,000 at any one time outstanding;
(j)Indebtedness under Swap Agreements permitted under Section 6.05;
(k)Unsecured Permitted Convertible Indebtedness in an original (or notional) aggregate principal amount not to exceed $200,000,000 (including extensions, renewals, refinancings and replacements thereof); provided that (i) no Default or Event of Default shall exist immediately before or immediately after giving effect thereto on a pro forma basis, and (ii) the Company shall deliver a certificate from a Responsible Officer in form and detail reasonably satisfactory to the Administrative Agent confirming the foregoing and demonstrating compliance
with the financial covenants contained in Section 6.11 after giving effect thereto on a pro forma basis; and
(l)Other unsecured Indebtedness in an aggregate principal amount not exceeding $25,000,000 at any time outstanding.
Section 6.02.Liens. The Company will not, and will not permit any Subsidiary to, create, incur, assume or permit to exist any Lien on any property or asset now owned or hereafter acquired by it, or assign or sell any income or revenues (including accounts receivable) or rights in respect of any thereof, except:
(a)Permitted Encumbrances;
(b)any Lien on any property or asset of the Company or any Subsidiary existing on the Effective Date and set forth in Schedule 6.02; provided that
(i)such Lien shall not apply to any other property or asset of the Company or any Subsidiary and
(ii)such Lien shall secure only those obligations which it secures on the Effective Date and extensions, renewals and replacements thereof that do not increase the outstanding principal amount thereof beyond the maximum commitments with respect thereto as in effect on the Effective Date;
(c)any Lien existing on any property or asset prior to the acquisition thereof by the Company or any Subsidiary or existing on any property or asset of any Person that becomes a Subsidiary, or merges into the Company or a Subsidiary after the Effective Date prior to the time such Person becomes a Subsidiary, or merges into the Company or a Subsidiary; provided that
(i)such Lien is not created in contemplation of or in connection with such acquisition or such Person becoming, or merging into, a Subsidiary, as the case may be,
(ii)such Lien shall not apply to any other property or assets of the Company or any Subsidiary and
(iii)such Lien shall secure only those obligations which it secures on the date of such acquisition or the date such Person becomes, or merges into, a Subsidiary, as the case may be and extensions, renewals and replacements thereof that do not increase the outstanding principal amount thereof;
(d)Liens on fixed or capital assets acquired, constructed or improved by the Company or any Subsidiary; provided that
(i)such security interests secure Indebtedness permitted by clause (e) of Section 6.01,
(ii)such security interests and the Indebtedness secured thereby are incurred prior to or within 180 days after such acquisition or the completion of such construction or improvement,
(iii)the Indebtedness secured thereby does not exceed 100% of the cost of acquiring, constructing or improving such fixed or capital assets and
(iv)such security interests shall not apply to any other property or assets of the Company or any Subsidiary;
(e)Liens created by the Collateral Documents; and
(f)any Lien or right to set-off arising under articles 24 or 25 respectively of the general terms and conditions (algemene voorwaarden) of any member of the Dutch Bankers'’ Association (Nederlandse Vereniging van Banken) in favour of a lender or an affiliate of a lender;
(g)any Lien including any netting or set-off arising by operation of law as a result of the existence of a fiscal unity (fiscale eenheid) for Dutch tax purposes of which any Dutch Loan Party/Subsidiary is or has been a member; and
(h)Liens not otherwise permitted by this Section 6.02 so long as the aggregate principal amount of the obligations secured thereby subject to such Liens does not exceed $15,000,000.
Section 6.03.Fundamental Changes.
(a)The Company will not, and will not permit any Subsidiary to, merge into or consolidate with any other Person, or permit any other Person to merge into or consolidate with it, or sell, transfer, lease or otherwise dispose of (in one transaction or in a series of transactions) all or any substantial part of its assets, or all or substantially all of the stock of any of its Subsidiaries (in each case, whether now owned or hereafter acquired) (including, in each case any disposition of property to a Delaware Divided LLC pursuant to a Delaware LLC Division), or liquidate or dissolve, except that, if at the time thereof and immediately after giving effect thereto no Default shall have occurred and be continuing
(i)any Subsidiary may merge into the Company in a transaction in which the Company is the surviving corporation,
(ii)any Subsidiary, or branch of the Company or a Subsidiary, may merge into, consolidate with, or sell, transfer, lease or otherwise dispose of (in one transaction or in a series of transactions) (including, in each case any disposition of property to a Delaware Divided LLC pursuant to a Delaware LLC Division) all or any substantial part of its assets, or all or substantially all of the Equity Interests to, any Subsidiary in a transaction in which the surviving entity is a Subsidiary,
(iii)any Subsidiary may sell, transfer, lease or otherwise dispose (including, in each case any disposition of property to a Delaware Divided LLC pursuant to a Delaware LLC Division) of its assets to the Company or to another Subsidiary and
(iv)any Subsidiary may liquidate or dissolve if the Company determines in good faith that such liquidation or dissolution is in the best interests of the Company and is not materially disadvantageous to the Lenders; provided that any merger involving a Person that is not a Subsidiary immediately prior to such merger shall not be permitted unless also permitted by Section 6.04.
(b)The Company will not, and will not permit any of its Subsidiaries to, engage to any material extent in any business other than businesses of the type conducted by the Company and its Subsidiaries on the date of execution of this Agreement and businesses reasonably related or strategically aligned thereto.
Section 6.04.Investments, Loans, Advances, Guarantees and Acquisitions. The Company will not, and will not permit any of its Subsidiaries to, purchase, hold or acquire (including pursuant to any merger or consolidation with any Person that was not a wholly owned Subsidiary prior to such merger or consolidation) any capital stock, evidences of indebtedness or other securities (including any option, warrant or other right to acquire any of the foregoing) of, make or permit to exist any loans or advances to, Guarantee any obligations of, or make or permit to exist any investment or any other interest in, any other Person, or purchase or otherwise acquire (in one transaction or a series of transactions) any Person or any assets of any other Person constituting a business unit, except:
(a)(i) Permitted Investments and (ii) so long as the aggregate outstanding amount thereof does not exceed $40,000,000 at any time, Permitted Two-Year Investments;
(b)loans, advances or investments existing on the Effective Date and listed on Schedule 6.04;
(c)loans, advances or capital contributions made by the Company in or to any Subsidiary and made by any Subsidiary in or to the Company or any other Subsidiary, provided that, unless constituting Permitted Foreign Reorganization Transfers, not more than $30,000,000 in loans, advances or capital contributions that are made by the Company or any Subsidiary Loan Party to a Person which is not a Subsidiary Loan Party may be outstanding at any time;
(d)Guarantees constituting Indebtedness permitted by Section 6.01;
(e)investments received in connection with the bankruptcy or reorganization of, or settlement of delinquent accounts and disputes with, customers and suppliers, in each case in the ordinary course of business;
(f)Permitted Acquisitions;
(g)Guarantees by the Company and any Subsidiary of leases entered into in the ordinary course of business by any Subsidiary as lessee;
(h)extensions of credit in the nature of accounts receivable or notes receivable in the ordinary course of business;
(i)investments in payroll, travel, relocation and similar advances to employees and prospective employees to cover matters that are expected at the time of such advances ultimately to be treated as expenses for accounting purposes and that are made in the ordinary course of business;
(j)investments in or acquisitions of stock, obligations or securities received in settlement of debts created in the ordinary course of business and owing to the Company or any Subsidiary or in satisfaction of judgments;
(k)investments in equity securities and rights to acquire equity securities acquired as part of fees charged to clients or otherwise in connection with the performance of services by the Company and its Subsidiaries in the ordinary course of business;
(l)warrants, options and Equity Interests received by the Company or any Subsidiary as full or partial compensation for services rendered by the Company or any Subsidiary, all in the ordinary course of business consistent with past practice;
(m)deposit accounts maintained in the ordinary course of business and Cash Pooling Arrangements;
(n)subject to the provisions of this Section 6.04(n), the Company may make investments in joint ventures, so long as (i) at the time of each such proposed investment no Event of Default has then occurred or is continuing or would arise after giving effect thereto, (ii) after giving pro forma effect to any such investment, the Company would be in compliance with Section 6.11, (iii) at any time when the Leverage Ratio is greater than or equal to 2.50 to 1.00 (both immediately before and immediately after giving effect to such investment) no such investments shall be permitted pursuant to this Section 6.04(n), (iv) at any time when the Leverage Ratio is greater than or equal to 1.75 to 1.00 but less than 2.50 to 1.00 (both immediately before and immediately after giving effect to such investment) the aggregate amount of cash consideration for any investment made pursuant to this Section 6.04(n), when added to the aggregate amount of such cash consideration for all other investments made pursuant to this Section 6.04(n) in the same calendar year as the calendar year in which such investment occurs, shall not exceed $50,000,000, (v) at any time when the Leverage Ratio is less than 1.75 to 1.00 (both immediately before and immediately after giving effect to such investment) the aggregate amount of cash consideration for any investment made pursuant to this Section 6.04(n), when added to the aggregate amount of such cash consideration for all other investments made pursuant to this Section 6.04(n) in the same calendar year as the calendar year in which such investment occurs, shall not exceed $100,000,000 and (vi) Availability shall not be less than $25,000,000 after giving effect to any such investment; and[reserved]; and
(o)investments under (i) Swap Agreements permitted under Section 6.05, and (ii) Permitted Bond Hedge Transactions and Permitted Warrant Transactions entered into in connection with Permitted Convertible Indebtedness and the performance of its obligations thereunder; and
(p)other investments by the Company in an aggregate amount not exceeding $15,000,000 at any time outstanding.
For purposes of determining compliance with this section, the amount of any investment at any time shall be the amount actually invested (measured at the time made), without adjustment for subsequent increases or decreases in the value of such investment, less any returns to the Company or Subsidiary, as applicable, in respect of such investment; provided that the aggregate amount of such returns shall not exceed the original amount of such investment.
Section 6.05.Swap Agreements. The Company will not, and will not permit any of its Subsidiaries to, enter into any Swap Agreement, except (a) Swap Agreements entered into to hedge or mitigate commercial (or operational) risks of the Company or any Subsidiary (other than risks in respect of Equity Interests or Subordinated Indebtedness of the Company or any of its Subsidiaries), and (b) Swap Agreements entered into with respect to foreign currency transactions or in order to effectively cap, collar or exchange interest rates (from fixed to floating rates, from one floating rate to another floating rate or otherwise) with respect to any interest-bearing liability or investment, or anticipated interest-bearing liability or investment, of the Company or any Subsidiary.
Section 6.06.Restricted Payments. The Company will not, and will not permit any of its Subsidiaries to, declare or make, or agree to pay or make, directly or indirectly, any Restricted Payment, except
(a)the Company may declare and pay dividends with respect to its Equity Interests payable solely in additional shares of its common stock,
(b)Subsidiaries may declare and pay dividends ratably with respect to their Equity Interests,
(c)the Company may make payments in respect of Permitted Convertible Indebtedness (including for the avoidance of doubt Permitted Bond Hedge Transactions and Permitted Warrant Transactions related thereto);
(d)for so long as the Company files a consolidated, combined or unitary income Tax return with its Subsidiaries, such Subsidiaries may make distributions to the Company to allow the Company to pay all federal, state and local income Taxes and franchise Taxes of Borrower; and
(e)so long as (i) no Event of Default has then occurred or is continuing or would arise after giving effect thereto and (ii) Availability shall not be less than $25,000,000 after giving effect thereto, the Company may make Restricted Payments to the extent the aggregate amount of such Restricted Payments does not exceed $75,000,000 in any period of twelve consecutive months; provided that the Company may make Restricted Payments in excess of $75,000,000, but not to exceed $100,000,000 in any period of twelve consecutive months, if after giving pro forma effect to any such Restricted Payment, the Leverage Ratio would not exceed 1.75 to 1.00. As used herein, “Availability” means, at any time, an amount equal to the aggregate Commitments then in effect minus the aggregate Credit Exposures of all Lenders at such time.
Notwithstanding anything to the contrary above or elsewhere contained herein, the entry into (including any payments of premiums in connection therewith), performance of obligations under (including any payments of interest), and conversion, exercise, repurchase, redemption, settlement or early termination or cancellation of (whether in whole or in part and including by netting or set-off) (in each case, whether in cash, common or other securities or property), any Permitted Convertible Indebtedness, any Permitted Bond Hedge Transactions and any Permitted Warrant Transactions are not prohibited, limited or constrained hereunder.
Section 6.07.Transactions with Affiliates. The Company will not, and will not permit any Material Subsidiary to, sell, lease or otherwise transfer any property or assets to, or purchase, lease or otherwise acquire any property or assets from, or otherwise engage in any other transactions with, any of its Affiliates, except
(a)in the ordinary course of business at prices and on terms and conditions not materially less favorable to the Company or such Material Subsidiary than could be obtained on an arm’s-length basis from unrelated third parties,
(b)transactions (i) between or among the Company and Subsidiary Loan Parties not involving any other Affiliate or (ii) between or among Subsidiaries (none of whom are Subsidiary Loan Parties),
(c)any Indebtedness permitted by Section 6.01,
(d)any transfer or other disposition permitted by Section 6.03,
(e)any investment permitted by Section 6.04, and
(f)any Restricted Payment permitted by Section 6.06.
Section 6.08.Restrictive Agreements. The Company will not, and will not permit any Material Subsidiary to, directly or indirectly, enter into, incur or permit to exist any agreement or other arrangement that prohibits, restricts or imposes any condition upon
(a)the ability of the Company or any Material Subsidiary to create, incur or permit to exist any Lien upon any of its property or assets, or
(b)the ability of any Material Subsidiary to pay dividends or other distributions with respect to any of its Equity Interests or to make or repay loans or advances to the Company or any Material Subsidiary or to Guarantee Indebtedness of the Company or any Material Subsidiary; provided that
(i)the foregoing shall not apply to restrictions and conditions imposed by law or by this Agreement,
(ii)the foregoing shall not apply to restrictions and conditions existing on the Effective Date identified on Schedule 6.08 (but shall apply to any extension or renewal of, or any amendment or modification expanding the scope of, any such restriction or condition (other than in connection with the extension of the maturity of any underlying Indebtedness which is otherwise permitted hereunder)),
(iii)the foregoing shall not apply to customary restrictions and conditions contained in agreements relating to the sale of a Subsidiary or an asset pending such sale, provided such restrictions and conditions apply only to the Subsidiary or the asset that is to be sold and such sale is permitted hereunder,
(iv)clause (a) of the foregoing shall not apply to restrictions or conditions imposed by any agreement relating to secured Indebtedness permitted by this Agreement if such restrictions or conditions apply only to the property or assets securing such Indebtedness,
(v)clause (a) of the foregoing shall not apply to customary provisions in leases restricting the assignment thereof, and
(vi)the foregoing shall not apply to customary restrictions and conditions contained in joint venture agreements executed in connection with investments permitted under Section 6.04.
Section 6.09.Changes in Fiscal Year. The Company will not, and will not permit any Material Subsidiary to, change its fiscal year from its present basis; provided that any Subsidiary acquired after the Effective Date pursuant to a Permitted Acquisition may change its fiscal year to the fiscal year basis employed by the Company within one (1) year following such Permitted Acquisition so long as the Company delivers at least thirty (30) days’ prior written notice of such change to the Administrative Agent.
Section 6.10.Subordinated Indebtedness. The Company will not, and will not permit any Subsidiary to enter into any amendment to any indenture, note or other agreement evidencing or governing any Subordinated Indebtedness, or directly or indirectly voluntarily prepay, decrease or in substance decrease, purchase, redeem, retire or otherwise acquire, any Subordinated Indebtedness, in each case, in a manner prohibited by the subordination agreement applicable thereto.
Section 6.11.Financial Covenants.
(a)Consolidated Interest Coverage Ratio. The Company will not permit the ratio (the “Consolidated Interest Coverage Ratio”), determined as of the end of each of its fiscal quarters ending on and after December 31, 2018 for the period of 4 consecutive fiscal quarters ending with the end of such fiscal quarter, of (i) Consolidated EBITDA minus Consolidated Capital Expenditures to (ii) Consolidated Interest Expense plus or minus the non-cash components of Consolidated Interest Expense, such as non-cash interest expense relating to Permitted Convertible Indebtedness, all calculated for the Company and its Subsidiaries on a consolidated basis, to be less than 3.50 to 1.00.
(b)Leverage Ratio. The Company will not permit the ratio (the “Leverage Ratio”), determined as of the end of each of its fiscal quarters ending on and after December 31, 2018, of (i) Consolidated Total Indebtedness to (ii) Consolidated EBITDA for the period of 4 consecutive fiscal quarters ending with the end of such fiscal quarter, to be greater than 3.00 to 1.00.
Article VII___
Events of Default
If any of the following events (“Events of Default”) shall occur:
(a)any Borrower shall fail to pay any principal of any Loan or any reimbursement obligation in respect of any LC Disbursement when and as the same shall become due and payable, whether at the due date thereof or at a date fixed for prepayment thereof or otherwise;
(b)any Borrower shall fail to pay any interest on any Loan or any fee or any other amount (other than an amount referred to in clause (a) of this Article) payable under this Agreement or any other Loan Document, when and as the same shall become due and payable, and such failure shall continue unremedied for a period of three Business Days;
(c)any representation or warranty made or deemed made by or on behalf of any Borrower or any Subsidiary in or in connection with this Agreement, the Subsidiary Guaranty or any other Loan Document or any amendment or modification hereof or thereof or waiver hereunder or thereunder, or in any report, certificate, financial statement or other document furnished pursuant to or in connection with this Agreement, the Subsidiary Guaranty or any other Loan Document or any amendment or modification thereof or waiver thereunder, shall prove to have been incorrect in any material respect when made or deemed made;
(d)(i) any Borrower shall fail to observe or perform any covenant, condition or agreement contained in Sections 5.01, 5.02, 5.03 (with respect to any Borrower’s existence), 5.08, 5.09 or 5.10, in Article VI or in Article X, or (ii) any Loan Document shall for any reason not be or shall cease to be in full force and effect or is declared to be null and void, or the Company or any Subsidiary takes any action for the purpose of terminating, repudiating or rescinding any Loan Document or any of its obligations thereunder;
(e)any Borrower or any Subsidiary Guarantor, as applicable, shall fail to observe or perform any covenant, condition or agreement contained in this Agreement (other than those specified in clause (a), (b) or (d) of this Article or any other Loan Document), and such failure shall continue unremedied for a period of thirty (30) days after notice thereof from the Administrative Agent to the Company (which notice will be given at the request of any Lender);
(f)the Company or any Subsidiary shall fail to make any payment (whether of principal or interest and regardless of amount) in respect of any Material Indebtedness, when and as the same shall become due and payable;
(g)other than with respect to conversion of any Permitted Convertible Indebtedness, any event or condition which occurs that results in any Material Indebtedness of the Company or any Material Subsidiary becoming due prior to its scheduled maturity or that enables or permits the holder or holders of any Material Indebtedness or any trustee or agent on its or their behalf to cause any Material Indebtedness to become due, or to require the prepayment, repurchase, redemption or defeasance thereof, prior to its scheduled maturity; provided that this clause (g) shall not apply to secured Indebtedness that becomes due as a result of the voluntary sale or transfer of the property or assets securing such Indebtedness;
(h)an involuntary proceeding shall be commenced or an involuntary petition shall be filed seeking (i) liquidation, reorganization or other relief in respect of the Company or any Material Subsidiary or its debts, or of a substantial part of its assets, under any Federal, state or foreign bankruptcy, insolvency, receivership or similar law now or hereafter in effect or (ii) the appointment of a receiver, trustee, custodian, sequestrator, conservator or similar official for the Company or any Material Subsidiary or for a substantial part of its assets, and, in any such case, such proceeding or petition shall continue undismissed for sixty (60) days or an order or decree approving or ordering any of the foregoing shall be entered;
(i)the Company or any Material Subsidiary shall
(i)voluntarily commence any proceeding or file any petition seeking liquidation, reorganization or other relief under any Federal, state or foreign bankruptcy, insolvency, receivership or similar law now or hereafter in effect,
(ii)consent to the institution of, or fail to contest in a timely and appropriate manner, any proceeding or petition described in clause (h) of this Article,
(iii)apply for or consent to the appointment of a receiver, trustee, custodian, sequestrator, conservator or similar official for the Company or any Material Subsidiary or for a substantial part of its assets,
(iv)file an answer admitting the material allegations of a petition filed against it in any such proceeding,
(v)make a general assignment for the benefit of creditors or
(vi)take any action for the purpose of effecting any of the foregoing;
(j)the Company or any Material Subsidiary shall become unable, admit in writing its inability or fail generally to pay its debts as they become due;
(k)any Dutch Borrower or any other Dutch Subsidiary files a notice under Section 36 of the Dutch Tax Collection Act (Invorderingswet 1990) or Section 60 of the Social Insurance Financing Act of the Netherlands (Wet Financiering Sociale Verzekeringen) in conjunction with Section 36 of the Tax Collection Act (Invorderingswet 1990);
(l)one or more judgments for the payment of money in an aggregate amount (to the extent not covered by independent third-party insurance as to which the insurer does not dispute coverage) in excess of $20,000,000 shall be rendered against the Company or Material Subsidiary or any combination thereof and the same shall remain undischarged for a period of
sixty (60) consecutive days during which execution shall not be effectively stayed, or any action shall be legally taken by a judgment creditor to attach or levy upon any assets of the Company or such Material Subsidiary to enforce any such judgment;
(m)an ERISA Event shall have occurred that, in the opinion of the Required Lenders, when taken together with all other ERISA Events that have occurred, both (i) has an aggregate unreserved cost to the Company in excess of $20,000,000 and (ii) could reasonably be expected to result in a Material Adverse Effect;
(n)a Change in Control shall occur;
(o)any material provision of any Loan Document for any reason ceases to be valid, binding and enforceable in accordance with its terms (or the Company or any Subsidiary shall challenge the enforceability of any Loan Document or shall assert in writing that any provision of any of the Loan Documents has ceased to be or otherwise is not valid, binding and enforceable in accordance with its terms); or
(p)any Collateral Document, once executed, shall for any reason fail to create a valid and perfected first priority security interest in any material portion of the Collateral purported to be covered thereby, or any action shall be taken by or on behalf of any Borrower or any Subsidiary to discontinue or to assert the invalidity or unenforceability of any Collateral Document;
then, and in every such event (other than an event with respect to the Company described in clause (h) or (i) of this Article), and at any time thereafter during the continuance of such event, the Administrative Agent may, and at the request of the Required Lenders shall, by notice to the Company, take either or both of the following actions, at the same or different times:
(i)terminate the Commitments, and thereupon the Commitments shall terminate immediately, and
(ii)declare the Loans then outstanding to be due and payable in whole (or in part, in which case any principal not so declared to be due and payable may thereafter be declared to be due and payable), and thereupon the principal of the Loans so declared to be due and payable, together with accrued interest thereon and all fees and other Secured Obligations accrued hereunder and under the other Loan Documents, shall become due and payable immediately, without presentment, demand, protest or other notice of any kind, all of which are hereby waived by the Borrowers; and in case of any event with respect to any Borrower described in clause (h) or (i) of this Article, the Commitments shall automatically terminate and the principal of the Loans then outstanding, together with accrued interest thereon and all fees and other Secured Obligations accrued hereunder, shall automatically become due and payable, without presentment, demand, protest or other notice of any kind, all of which are hereby waived by the Borrowers. Upon the occurrence and during the continuance of an Event of Default, the Administrative Agent may, and at the request of the Required Lenders shall, exercise any rights and remedies provided to the Administrative Agent under the Loan Documents or at law or equity.
Any proceeds of Collateral received by the Administrative Agent after an Event of Default has occurred and is continuing and the Administrative Agent so elects or the Required Lenders so direct, such funds shall be applied ratably first, to pay any fees, indemnities, or expense reimbursements including amounts then due to the Administrative Agent and the Issuing
Banks from any Borrower, second, to pay any fees or expense reimbursements then due to the Lenders from any Borrower, third, to pay interest then due and payable on the Loans ratably, fourth, to prepay principal on the Loans and unreimbursed LC Disbursements and any other amounts owing with respect to Banking Services Obligations and Swap Obligations ratably, fifth, to pay an amount to the Administrative Agent equal to one hundred five percent (105%) of the aggregate undrawn face amount of all outstanding Letters of Credit and the aggregate amount of any unpaid LC Disbursements, to be held as cash collateral for such Obligations, sixth, to the payment of any other Obligation due to the Administrative Agent or any Lender by any Borrower, and thereafter, to the Borrowers. The Administrative Agent and the Lenders shall have the continuing and exclusive right to apply and reverse and reapply any and all such proceeds and payments to any portion of the Obligations.
Article VIII__
The Administrative Agent
Each of the Lenders and the Issuing Banks hereby irrevocably appoints the Administrative Agent as its agent and authorizes the Administrative Agent to take such actions on its behalf, including execution of the other Loan Documents, and to exercise such powers as are delegated to the Administrative Agent by the terms of the Loan Documents, together with such actions and powers as are reasonably incidental thereto. The provisions of this Article are solely for the benefit of the Administrative Agent, the Lenders and the Issuing Banks, and neither the Borrowers nor any other Loan Party shall have rights as a third party beneficiary of any of such provisions. It is understood and agreed that the use of the term “agent” herein or in any other Loan Documents (or any other similar term) with reference to the Administrative Agent is not intended to connote any fiduciary or other implied (or express) obligations arising under agency doctrine of any applicable law. Instead such term is used as a matter of market custom, and is intended to create or reflect only an administrative relationship between contracting parties.
The bank serving as the Administrative Agent hereunder shall have the same rights and powers in its capacity as a Lender as any other Lender and may exercise the same as though it were not the Administrative Agent, and such bank and its Affiliates may accept deposits from, lend money to and generally engage in any kind of business with the Company or any Subsidiary or other Affiliate thereof as if it were not the Administrative Agent hereunder.
The Administrative Agent shall not have any duties or obligations except those expressly set forth in the Loan Documents. Without limiting the generality of the foregoing,
(a)the Administrative Agent shall not be subject to any fiduciary or other implied duties, regardless of whether a Default has occurred and is continuing,
(b)the Administrative Agent shall not have any duty to take any discretionary action or exercise any discretionary powers, except discretionary rights and powers expressly contemplated by the Loan Documents that the Administrative Agent is required to exercise in writing as directed by the Required Lenders (or such other number or percentage of the Lenders as shall be necessary under the circumstances as provided in Section 9.02), provided that the
Administrative Agent shall not be required to take any action that, in its opinion or the opinion of its counsel, may expose the Administrative Agent to liability or that is contrary to any Loan Document or applicable law, including for the avoidance of doubt any action that may be in violation of the automatic stay under the Bankruptcy Code or that may effect a forfeiture, modification or termination of property of a Defaulting Lender in violation of the Bankruptcy Code, and
(c)except as expressly set forth in the Loan Documents, the Administrative Agent shall not have any duty to disclose, and shall not be liable for the failure to disclose, any information relating to the Company or any of its Subsidiaries that is communicated to or obtained by the bank serving as Administrative Agent or any of its Affiliates in any capacity. The Administrative Agent shall not be liable for any action taken or not taken by it with the consent or at the request of the Required Lenders (or such other number or percentage of the Lenders as shall be necessary under the circumstances as provided in Section 9.02) or in the absence of its own gross negligence or willful misconduct as determined by a final nonappealable judgment of a court of competent jurisdiction. The Administrative Agent shall be deemed not to have knowledge of any Default unless and until written notice thereof is given to the Administrative Agent by the Company or a Lender, and the Administrative Agent shall not be responsible for or have any duty to ascertain or inquire into:
(i)any statement, warranty or representation made in or in connection with any Loan Document,
(ii)the contents of any certificate, report or other document delivered hereunder or in connection with any Loan Document,
(iii)the performance or observance of any of the covenants, agreements or other terms or conditions set forth in any Loan Document,
(iv)the validity, enforceability, effectiveness or genuineness of any Loan Document or any other agreement, instrument or document,
(v)the satisfaction of any condition set forth in Article IV or elsewhere in any Loan Document, other than to confirm receipt of items expressly required to be delivered to the Administrative Agent, or
(vi)the creation, perfection or priority of any of the Liens on any of the Collateral or the existence of the Collateral.
The Administrative Agent shall be entitled to rely upon, and shall not incur any liability for relying upon, any notice, request, certificate, consent, statement, instrument, document or other writing believed by it to be genuine and to have been signed or sent by the proper Person. The Administrative Agent also may rely upon any statement made to it orally or by telephone and believed by it to be made by the proper Person, and shall not incur any liability for relying thereon. The Administrative Agent may consult with legal counsel (who may be counsel for the Company), independent accountants and other experts selected by it, and shall not be liable for any action taken or not taken by it in accordance with the advice of any such counsel, accountants or experts. For purposes of determining compliance with the conditions specified in Section 4.01, each Lender that has signed this Agreement shall be deemed to have consented to, approved or accepted or to be satisfied with, each document or other matter required thereunder to be consented to or approved by or acceptable or satisfactory to a Lender
unless the Administrative Agent shall have received notice from such Lender prior to the proposed Effective Date specifying its objections.
The Administrative Agent may perform any and all of its duties and exercise its rights and powers by or through any one or more sub-agents appointed by the Administrative Agent. The Administrative Agent and any such sub-agent may perform any and all its duties and exercise its rights and powers through their respective Related Parties. The exculpatory provisions of the preceding paragraphs shall apply to any such sub-agent and to the Related Parties of the Administrative Agent and any such sub-agent, and shall apply to their respective activities in connection with the syndication of the credit facilities provided for herein as well as activities as Administrative Agent.
Subject to the appointment and acceptance of a successor Administrative Agent as provided in this paragraph, the Administrative Agent may resign at any time by notifying the Lenders, the Swingline Lender, the Issuing Banks and the Company. Upon any such resignation, the Required Lenders shall have the right, with the written consent of the Company so long as no Event of Default exists (which consent shall not be unreasonably withheld or delayed), to appoint a successor. If no successor shall have been so appointed by the Required Lenders and shall have accepted such appointment within thirty (30) days after the retiring Administrative Agent gives notice of its resignation, then the retiring Administrative Agent may, on behalf of the Lenders and the Issuing Banks, appoint a successor Administrative Agent which shall be a bank with an office in New York, New York, or an Affiliate of any such bank. Upon the acceptance of its appointment as Administrative Agent hereunder by a successor, such successor shall succeed to and become vested with all the rights, powers, privileges and duties of the retiring Administrative Agent, and the retiring Administrative Agent shall be discharged from its duties and obligations hereunder. The fees payable by any Borrower to a successor Administrative Agent shall be the same as (and without duplication of) those payable to its predecessor unless otherwise agreed between such Borrower and such successor. After the Administrative Agent’s resignation hereunder, the provisions of this Article and Section 9.03 shall continue in effect for the benefit of such retiring Administrative Agent, its sub-agents and their respective Related Parties in respect of any actions taken or omitted to be taken by any of them while it was acting as Administrative Agent.
An Issuing Bank may be replaced at any time by written agreement among the Company, the Administrative Agent, the replaced Issuing Bank and the successor Issuing Bank. The Administrative Agent shall notify the Lenders of any such replacement of an Issuing Bank. At the time any such replacement shall become effective, the Borrowers shall pay all unpaid fees accrued for the account of the replaced Issuing Bank pursuant to Section 2.12(b). From and after the effective date of any such replacement, (x) the successor Issuing Bank shall have all the rights and obligations of Issuing Banks under this Agreement with respect to Letters of Credit to be issued thereafter and (y) references herein to the term “Issuing Bank” shall be deemed to refer to such successor or to any previous Issuing Banks, or to such successor and all previous Issuing Banks, as the context shall require. After the replacement of an Issuing Bank hereunder, the replaced Issuing Bank shall remain a party hereto and shall continue to have all the rights and
obligations of an Issuing Bank under this Agreement with respect to Letters of Credit issued by it prior to such replacement, but shall not be required to issue additional Letters of Credit.
Each Lender acknowledges and agrees that the extensions of credit made hereunder are commercial loans and letters of credit and not investments in a business enterprise or securities. Each Lender further represents that it is engaged in making, acquiring or holding commercial loans in the ordinary course of its business and has, independently and without reliance upon the Administrative Agent or any other Lender and based on such documents and information as it has deemed appropriate, made its own credit analysis and decision to enter into this Agreement as a Lender, and to make, acquire or hold Loans hereunder. Each Lender shall, independently and without reliance upon the Administrative Agent or any other Lender and based on such documents and information (which may contain material, non-public information within the meaning of the United States securities laws concerning the Company and its Affiliates) as it shall from time to time deem appropriate, continue to make its own decisions in taking or not taking action under or based upon this Agreement, any related agreement or any document furnished hereunder or thereunder and in deciding whether or to the extent to which it will continue as a lender or assign or otherwise transfer its rights, interests and obligations hereunder.
Each Lender authorizes the Administrative Agent to enter into each of the Collateral Documents to which the Administrative Agent is from time to time a party and to take all action contemplated by such documents. Each Lender agrees that no Holder of Secured Obligations (other than the Administrative Agent) shall have the right individually to seek to realize upon the security granted by any Collateral Document, it being understood and agreed that such rights and remedies may be exercised solely by the Administrative Agent for the benefit of the Holders of Secured Obligations upon the terms of the Collateral Documents.
In the event that any Collateral is hereafter pledged by any Person as collateral security for the Obligations, the Administrative Agent is hereby authorized, and hereby granted a power of attorney, to execute and deliver on behalf of the Holders of Secured Obligations any Loan Documents necessary or appropriate to grant and perfect a Lien on such Collateral in favor of the Administrative Agent on behalf of the Holders of Secured Obligations.
The Lenders hereby authorize the Administrative Agent, at its option and in its discretion, to release any Lien granted to or held by the Administrative Agent upon any Collateral (i) as described in Section 9.02(d); (ii) as permitted by, but only in accordance with, the terms of the applicable Loan Document; or (iii) if approved, authorized or ratified in writing by the Required Lenders, unless such release is required to be approved by all of the Lenders hereunder. In addition, the Administrative Agent shall, and the Lenders hereby authorize the Administrative Agent, to promptly release any Subsidiary Guarantor which becomes an Affected Foreign Subsidiary from the Subsidiary Guaranty; provided that (i) nothing contained in this sentence shall relieve the Company or any Subsidiary from its obligations under Sections 5.09 or 5.10 and (ii) the Company and each applicable Subsidiary shall comply with Section 5.10. Upon request by the Administrative Agent at any time, the Lenders will confirm in writing the
Administrative Agent’s authority to release particular types or items of Collateral pursuant hereto.
Upon any sale or transfer of assets constituting Collateral which is expressly permitted pursuant to the terms of any Loan Document, or consented to in writing by the Required Lenders or all of the Lenders, as applicable, and upon at least five (5) Business Days’ prior written request by the Company to the Administrative Agent, the Administrative Agent shall (and is hereby irrevocably authorized by the Lenders to) execute such documents as may be necessary to evidence the release of the Liens granted to the Administrative Agent for the benefit of the Holders of Secured Obligations herein or pursuant hereto upon the Collateral that was sold or transferred; provided, however, that (i) the Administrative Agent shall not be required to execute any such document on terms which, in the Administrative Agent’s opinion, would expose the Administrative Agent to liability or create any obligation or entail any consequence other than the release of such Liens without recourse or warranty, and (ii) such release shall not in any manner discharge, affect or impair the Secured Obligations or any Liens upon (or obligations of the Company or any Subsidiary in respect of) all interests retained by the Company or any Subsidiary, including (without limitation) the proceeds of the sale, all of which shall continue to constitute part of the Collateral.
None of the Lenders, if any, identified in this Agreement as an arranger, Syndication Agent or Documentation Agent shall have any right, power, obligation, liability, responsibility or duty under this Agreement other than those applicable to all Lenders as such. Without limiting the foregoing, none of such Lenders shall have or be deemed to have a fiduciary relationship with any Lender. Each Lender hereby makes the same acknowledgments with respect to the relevant Lenders in their capacity as an arranger, Syndication Agent or Documentation Agent, as applicable, as it makes with respect to the Administrative Agent in the preceding paragraph.
The Lenders are not partners or co-venturers, and no Lender shall be liable for the acts or omissions of, or (except as otherwise set forth herein in case of the Administrative Agent) authorized to act for, any other Lender. The Administrative Agent shall have the exclusive right on behalf of the Lenders to enforce the payment of the principal of and interest on any Loan after the date such principal or interest has become due and payable pursuant to the terms of this Agreement.
Each Borrower, on its behalf and on behalf of its Subsidiaries, and each Lender, on its behalf and on the behalf of its affiliated Holders of Secured Obligations, hereby irrevocably constitute the Administrative Agent as the holder of an irrevocable power of attorney (fondé de pouvoir within the meaning of Article 2692 of the Civil Code of Québec) in order to hold hypothecs and security granted by each Borrower or any Subsidiary on property pursuant to the laws of the Province of Québec to secure obligations of any Borrower or any Subsidiary under any bond, debenture or similar title of indebtedness issued by any Borrower or any Subsidiary in connection with this Agreement, and agree that the Administrative Agent may act as the bondholder and mandatary with respect to any bond, debenture or similar title of indebtedness that may be issued by any Borrower or any Subsidiary and pledged in favor of the
Holders of Secured Obligations in connection with this Agreement. Notwithstanding the provisions of Section 32 of the An Act respecting the special powers of legal persons (Québec), Bank of America, N.A. as Administrative Agent may acquire and be the holder of any bond issued by any Borrower or any Subsidiary in connection with this Agreement (i.e., the fondé de pouvoir may acquire and hold the first bond issued under any deed of hypothec by any Borrower or any Subsidiary).
The Administrative Agent is hereby authorized to execute and deliver any documents necessary or appropriate to create and perfect the rights of pledge for the benefit of the Holders of Secured Obligations including a right of pledge with respect to the entitlements to profits, the balance left after winding up and the voting rights of the Company as ultimate parent of any subsidiary of the Company which is organized under the laws of the Netherlands and the Equity Interests of which are pledged in connection herewith (a “Dutch Pledge”). Without prejudice to the provisions of this Agreement and the other Loan Documents, the parties hereto acknowledge and agree with the creation of parallel debt obligations of the Company or any relevant Subsidiary as will be described in any Dutch Pledge (the “Parallel Debt”), including that any payment received by the Administrative Agent in respect of the Parallel Debt will - conditionally upon such payment not subsequently being avoided or reduced by virtue of any provisions or enactments relating to bankruptcy, insolvency, preference, liquidation or similar laws of general application - be deemed a satisfaction of a pro rata portion of the corresponding amounts of the Secured Obligations, and any payment to the Holders of Secured Obligations in satisfaction of the Secured Obligations shall - conditionally upon such payment not subsequently being avoided or reduced by virtue of any provisions or enactments relating to bankruptcy, insolvency, preference, liquidation or similar laws of general application - be deemed as satisfaction of the corresponding amount of the Parallel Debt. The parties hereto acknowledge and agree that, for purposes of a Dutch Pledge, any resignation by the Administrative Agent is not effective until its rights under the Parallel Debt are assigned to the successor Administrative Agent.
The parties hereto acknowledge and agree for the purposes of taking and ensuring the continuing validity of German law governed pledges (Pfandrechte) with the creation of parallel debt obligations of the Company and its Subsidiaries as will be further described in a separate German law governed parallel debt undertaking. The Administrative Agent shall (i) hold such parallel debt undertaking as fiduciary agent (Treuhänder) and (ii) administer and hold as fiduciary agent (Treuhänder) any pledge created under a German law governed Collateral Document which is created in favor of any Holder of Secured Obligations or transferred to any Holder of Secured Obligations due to its accessory nature (Akzessorietät), in each case of (i) and (ii) in its own name and for the account of the Holders of Secured Obligations. Each Lender (on behalf of itself and its affiliated Holders of Secured Obligations) hereby authorizes the Administrative Agent to enter as its agent (Vertreter) in its name and on its behalf into any German law governed Collateral Document, accept as its agent in its name and on its behalf any pledge or other creation of any accessory security right in relation to this Agreement and to agree to and execute on its behalf as its representative in its name and on its behalf any amendments, supplements and other alterations to any such Collateral Document and to release on behalf of any such Lender or Holder of Secured Obligations any such Collateral Document and any pledge
created under any such Collateral Document in accordance with the provisions herein and/or the provisions in any such Collateral Document.
(a)Each Lender (x) represents and warrants, as of the date such Person became a Lender party hereto, to, and (y) covenants, from the date such Person became a Lender party hereto to the date such Person ceases being a Lender party hereto, for the benefit of, the Administrative Agent and its respective Affiliates, and for the benefit of the Borrowers and each other Loan Party, that at least one of the following is and will be true:
(i)such Lender is not using “plan assets” (within the meaning of the Plan Asset Regulations) of one or more Benefit Plans in connection with the Loans, the Letters of Credit or the Commitments or this Agreement,
(ii)the transaction exemption set forth in one or more PTEs, such as PTE 84-14 (a class exemption for certain transactions determined by independent qualified professional asset managers), PTE 95-60 (a class exemption for certain transactions involving insurance company general accounts), PTE 90-1 (a class exemption for certain transactions involving insurance company pooled separate accounts), PTE 91-38 (a class exemption for certain transactions involving bank collective investment funds) or PTE 96-23 (a class exemption for certain transactions determined by in-house asset managers), is applicable with respect to such Lender’s entrance into, participation in, administration of and performance of the Loans, the Letters of Credit, the Commitments and this Agreement,
(iii)(A) such Lender is an investment fund managed by a “Qualified Professional Asset Manager” (within the meaning of Part VI of PTE 84-14), (B) such Qualified Professional Asset Manager made the investment decision on behalf of such Lender to enter into, participate in, administer and perform the Loans, the Letters of Credit, the Commitments and this Agreement, (C) the entrance into, participation in, administration of and performance of the Loans, the Letters of Credit, the Commitments and this Agreement satisfies the requirements of sub-sections (b) through (g) of Part I of PTE 84-14 and (D) to the best knowledge of such Lender, the requirements of subsection (a) of Part I of PTE 84-14 are satisfied with respect to such Lender’s entrance into, participation in, administration of and performance of the Loans, the Letters of Credit, the Commitments and this Agreement, or
(iv)such other representation, warranty and covenant as may be agreed in writing between the Administrative Agent, in its sole discretion, and such Lender.
(b)In addition, unless sub-clause (i) in the immediately preceding clause (a) is true with respect to a Lender or such Lender has not provided another representation, warranty and covenant as provided in sub-clause (iv) in the immediately preceding clause (a), such Lender further (x) represents and warrants, as of the date such Person became a Lender party hereto, to, and (y) covenants, from the date such Person became a Lender party hereto to the date such Person ceases being a Lender party hereto, for the benefit of, the Administrative Agent and its Affiliates, and not, for the avoidance of doubt, to or for the benefit of the Borrowers or any other Loan Party, that none of the Administrative Agent or any of its Affiliates is a fiduciary with respect to the Collateral or the assets of such Lender (including in connection with the reservation or exercise of any rights by the Administrative Agent under this Agreement, any Loan Document or any documents related to hereto or thereto).
Neither the Administrative Agent nor any of its Agent Parties shall be responsible or have any liability for, or have any duty to ascertain, inquire into, monitor or enforce, compliance with
the provisions of this Agreement relating to Disqualified Institutions. Without limiting the generality of the foregoing, the Administrative Agent shall not (i) be obligated to ascertain, monitor or inquire as to whether any Lender or prospective Lender is a Disqualified Institution or (ii) have any liability with respect to or arising out of any assignment or participation of Loans, or disclosure of confidential information, to any Disqualified Institution.
Without limitation of any other provision in this Agreement, if at any time the Administrative Agent makes a payment hereunder in error to any Lender Recipient Party, whether or not in respect of an Obligation due and owing by any Borrower at such time, where such payment is a Rescindable Amount, then in any such event, each Lender Recipient Party receiving a Rescindable Amount severally agrees to repay to the Administrative Agent forthwith on demand the Rescindable Amount received by such Lender Recipient Party in Same Day Funds in the currency so received, with interest thereon, for each day from and including the date such Rescindable Amount is received by it to but excluding the date of payment to the Administrative Agent, at the greater of the Federal Funds Effective Rate and a rate determined by the Administrative Agent in accordance with banking industry rules on interbank compensation. Each Lender Recipient Party irrevocably waives any and all defenses, including any “discharge for value” (under which a creditor might otherwise claim a right to retain funds mistakenly paid by a third party in respect of a debt owed by another) or similar defense to its obligation to return any Rescindable Amount. The Administrative Agent shall inform each Lender Recipient Party promptly upon determining that any payment made to such Lender Recipient Party comprised, in whole or in part, a Rescindable Amount.
Article IX____
Miscellaneous
Section 9.01.Notices. (a) Except in the case of notices and other communications expressly permitted to be given by telephone (and subject to paragraph (b) below), all notices and other communications provided for herein shall be in writing and shall be delivered by hand or overnight courier service, mailed by certified or registered mail or sent by telecopy or email in accordance with this Section 9.01, as follows:
(i)if to any Borrower, to it at Willis Tower – Suite 4900, 233 South Wacker Drive, Chicago, Illinois 60606, Attention of the Treasurer, Email address: mresacytupe@heidrick.com and sbondi@heidrick.com, with copies (in the case of a notice of Default) to the Attention of General Counsel, Email address: Kcoartheaton@heidrick.com and to Jones Day, 77 West WackerPaul Hastings LLP, 1 S. Wacker Drive, Forty-Fifth Floor, Chicago, Illinois 60601IL 606016, Attention of Margaret M. Seurynck, Telecopy (312) 782-8585, Email address: mseurynck@jonesdayto Holly Snow, Email: hollysnow@paulhastings.com;
(ii)if to the Administrative Agent, (A) Bank of America, N.A., Mail Code: TX2-984-03-26, Building C, 2380 Performance Dr., Richardson, TX, 75082, Attention of Anthony Kell, Telecopy No.Attention: Taelitha Bonds-Harris, 4500 Amon Carter Blvd, Fort Worth, TX 76155, TX2-979-02-22, Telephone: (214) 290-9422209-3408, Email address: anthonytaelitha.wm.kellharris@bamlbofa.com, (B), Bank of America, N.A., Attention: Jennifer Ollek, 7105 Corporate Dr, Plano, TX 75024, TX2-981-02-29,
Telephone: (469) 201-8863, Email address: jennifer.a.ollek@bofa.com; (C) in each case, with a copy to (which shall not constitute notice) Sidley Austin LLP, One South Dearborn St., Chicago, Illinois 60603, Attention of James A. Snyder, Telecopy No. (312) 853-7036, Email address: james.snyder@sidley.com, (B) in the case of Borrowings denominated in Dollars, to Bank of America, N.A., Mail Code: TX2-984-03-26, Building C, 2380 Performance Dr., Richardson, TX, 75082, Attention of Jenifer Ollek, Telecopy No. (214) 290-8374, Email address: Jennifer.a.ollek@baml.com and (C) in the case of Borrowings denominated in Foreign Currencies, to Bank of America, N.A., Mail Code: TX2-984-03-26, Building C, 2380 Performance Dr., Richardson, TX, 75082, Attention of Jenifer Ollek, Telecopy No. (214) 290-8374, Email address: Jennifer.a.ollek@baml.com;;
(iii)if to Bank of America, N.A. in its capacity as an Issuing Bank, to it at Bank of America, N.A., Mail Code: TX2-984-03-26, Building C, 2380 Performance Dr., Richardson, TX, 75082, Attention of Jenifer Ollek, Telecopy No. (214) 290-8374 Attention: Jennifer Ollek, 7105 Corporate Dr, Plano, TX 75024, TX2-981-02-29, Telephone: (469) 201-8863, Email address: Jenniferjennifer.a.ollek@bamlbofa.com;
(iv)if to the Swingline Lender, to Bank of America, N.A., Mail Code: TX2-984-03-26, Building C, 2380 Performance Dr., Richardson, TX, 75082, Attention of Jenifer Ollek, Telecopy No (214) 290-8374Attention: Jennifer Ollek, 7105 Corporate Dr, Plano, TX 75024, TX2-981-02-29, Telephone: (469) 201-8863, Email address: Jenniferjennifer.a.ollek@bamlbofa.com; and
(v)if to any other Lender or Issuing Bank, to it at its address (or telecopy number or e-mail address) set forth in its Administrative Questionnaire.
Notices sent by hand or overnight courier service, or mailed by certified or registered mail, shall be deemed to have been given when received; notices sent by telecopy shall be deemed to have been given when sent (except that, if not given during normal business hours for the recipient, shall be deemed to have been given at the opening of business on the next business day for the recipient). Notices delivered through Electronic Systems, to the extent provided in paragraph (b) below, shall be effective as provided in said paragraph (b).
(a)Notices and other communications to the Lenders and the Issuing Banks hereunder may be delivered or furnished by using Electronic Systems pursuant to procedures approved by the Administrative Agent; provided that the foregoing shall not apply to notices pursuant to Article II unless otherwise agreed by the Administrative Agent and the applicable Lender. The Administrative Agent or the Company may, in its discretion, agree to accept notices and other communications to it hereunder by electronic communications pursuant to procedures approved by it; provided that approval of such procedures may be limited to particular notices or communications.
Unless the Administrative Agent otherwise prescribes, (i) notices and other communications sent to an e-mail address shall be deemed to have been received upon the sender’s receipt of an acknowledgement from the intended recipient (such as by the “return receipt requested” function, as available, return e-mail or other written acknowledgement), and (ii) notices or communications posted to an Internet or intranet website shall be deemed to have been received upon the deemed receipt by the intended recipient, at its e-mail address as described in the foregoing clause (i), of notification that such notice or communication is available and identifying the website address therefor; provided that, for both clauses (i) and (ii) above, if such notice, email or other communication is not sent during the normal business hours
of the recipient, such notice or communication shall be deemed to have been sent at the opening of business on the next business day for the recipient; and provided, however, that for clause (i) above, such email notice shall not be considered to have been given if the sender receives a rejection or bounceback notice.
(b)Any party hereto may change its address, email address or telecopy number for notices and other communications hereunder by notice to the other parties hereto.
(c)Electronic Systems.
(i)The Company agrees that the Administrative Agent may, but shall not be obligated to, make Communications available to the Issuing Banks and the other Lenders by posting the Communications on Debt Domain, Intralinks, Syndtrak, ClearPar or a substantially similar Electronic System.
(ii)Any Electronic System used by the Administrative Agent is provided “as is” and “as available.” The Agent Parties (as defined below) do not warrant the adequacy of such Electronic Systems and expressly disclaim liability for errors or omissions in the Communications. No warranty of any kind, express, implied or statutory, including any warranty of merchantability, fitness for a particular purpose, non-infringement of third-party rights or freedom from viruses or other code defects, is made by any Agent Party in connection with the Communications or any Electronic System. In no event shall the Administrative Agent or any of its Related Parties (collectively, the “Agent Parties”) have any liability to any Loan Party, any Lender, any Issuing Bank or any other Person or entity for damages of any kind, including direct or indirect, special, incidental or consequential damages, losses or expenses (whether in tort, contract or otherwise) arising out of any Loan Party’s or the Administrative Agent’s transmission of Communications through an Electronic System unless such damages are found in a final, non-appealable judgment by a court of competent jurisdiction to have resulted from such Agent Party’s gross negligence or willful misconduct.
Section 9.02.Waivers; Amendments.
(a)No failure or delay by the Administrative Agent, the Swingline Lender, any Issuing Bank or any Lender in exercising any right or power hereunder or under any other Loan Document shall operate as a waiver thereof, nor shall any single or partial exercise of any such right or power, or any abandonment or discontinuance of steps to enforce such a right or power, preclude any other or further exercise thereof or the exercise of any other right or power. The rights and remedies of the Administrative Agent, the Swingline Lender, the Issuing Banks and the Lenders hereunder and under the other Loan Documents are cumulative and are not exclusive of any rights or remedies that they would otherwise have. No waiver of any provision of this Agreement or consent to any departure by any Borrower therefrom shall in any event be effective unless the same shall be permitted by paragraph (b) of this Section, and then such waiver or consent shall be effective only in the specific instance and for the purpose for which given. Without limiting the generality of the foregoing, the making of a Loan or issuance of a Letter of Credit shall not be construed as a waiver of any Default, regardless of whether the Administrative Agent, any Lender, the Swingline Lender or any Issuing Bank may have had notice or knowledge of such Default at the time.
(b)Neither this Agreement nor any provision hereof may be waived, amended or modified except pursuant to an agreement or agreements in writing entered into by the Borrowers and the Required Lenders or by the Borrowers and the Administrative Agent with the consent of the Required Lenders; provided that no such agreement shall:
(i)increase the Commitment of any Lender without the written consent of such Lender,
(ii)reduce the principal amount of any Loan or LC Disbursement or reduce the rate of interest thereon, or reduce any fees payable hereunder, without the written consent of each Lender directly affected thereby (except that any amendment or modification of the financial covenants in this Agreement (or defined terms used in the financial covenants in this Agreement) shall not constitute a reduction in the rate of interest or fees for purposes of this clause (ii)),
(iii)postpone the scheduled date of payment of the principal amount of any Loan or LC Disbursement, or any interest thereon, or any fees payable hereunder, or reduce the amount of, waive or excuse any such payment, or postpone the scheduled date of expiration of any Commitment, without the written consent of each Lender directly affected thereby,
(iv)change Section 2.18(b) or (c) in a manner that would alter the pro rata sharing of payments required thereby, without the written consent of each Lender,
(v)change any of the provisions of this Section or the definition of “Required Lenders” or any other provision hereof specifying the number or percentage of Lenders required to waive, amend or modify any rights hereunder or make any determination or grant any consent hereunder, without the written consent of each Lender; provided further that no such agreement shall amend, modify or otherwise affect the rights or duties of the Administrative Agent, the Swingline Lender or any Issuing Bank hereunder without the prior written consent of the Administrative Agent, the Swingline Lender or such Issuing Bank, as the case may be (it being understood that any change to Section 2.24 shall require the consent of the Administrative Agent, the Swingline Lender and the Issuing Banks),
(vi)other than pursuant to a transaction permitted by the terms of this Agreement or any other Loan Document (including actions by the Company as part of its tax planning which cause a Subsidiary Guarantor to become an Affected Foreign Subsidiary, to the extent such actions are expressly permitted by the Loan Documents), release all or substantially all of (A) the Collateral which is subject to the Loan Documents or (B) the Subsidiary Guarantors from their obligations under the Subsidiary Guaranty,
(vii)release the Company from its obligations under Article X; or
(viii)change the definition of “Agreed Currencies”, “Agreed LC Currencies”, “Agreed Loan Currencies” or “Eligible Foreign Subsidiary”.
Notwithstanding the foregoing, no consent with respect to any amendment, waiver or other modification of this Agreement shall be required of any Defaulting Lender, except with respect to any amendment, waiver or other modification referred to in clause (i), (ii) or (iii) of the first proviso of this paragraph and then only in the event such Defaulting Lender shall be directly affected by such amendment, waiver or other modification.
(c)Notwithstanding the foregoing, this Agreement and any other Loan Document may be amended (or amended and restated) with the written consent of the Required Lenders, the Administrative Agent and the Borrowers (x) to add one or more credit facilities to this Agreement and to permit extensions of credit from time to time outstanding thereunder and
the accrued interest and fees in respect thereof to share ratably in the benefits of this Agreement and the other Loan Documents with the Loans and the accrued interest and fees in respect thereof and (y) to include appropriately the Lenders holding such credit facilities in any determination of the Required Lenders and Lenders.
(d)The Lenders hereby irrevocably authorize the Administrative Agent, at its option and in its sole discretion, to release any Liens granted to the Administrative Agent by the Loan Parties on any Collateral (i) upon the termination of all the Commitments, payment and satisfaction in full in cash of all Obligations, (ii) constituting property being sold or disposed of if the Company certifies to the Administrative Agent that the sale or disposition is made in compliance with the terms of this Agreement (and the Administrative Agent may rely conclusively on any such certificate, without further inquiry), or (iii) as required to effect any sale or other disposition of such Collateral in connection with any exercise of remedies of the Administrative Agent and the Lenders pursuant to Article VII. Any such release shall not in any manner discharge, affect, or impair the Obligations or any Liens (other than those expressly being released) upon (or obligations of the Loan Parties in respect of) all interests retained by the Loan Parties, including the proceeds of any sale, all of which shall continue to constitute part of the Collateral.
(e)If, in connection with any proposed amendment, waiver or consent requiring the consent of “each Lender” or “each Lender directly affected thereby,” the consent of the Required Lenders is obtained, but the consent of other necessary Lenders is not obtained (any such Lender whose consent is necessary but not obtained being referred to herein as a “Non-Consenting Lender”), then the Company may elect to replace a Non-Consenting Lender as a Lender party to this Agreement, provided that, concurrently with such replacement, (i) another bank or other entity which is reasonably satisfactory to the Company and the Administrative Agent shall agree, as of such date, to purchase for cash the Loans and other Obligations due to the Non-Consenting Lender pursuant to an Assignment and Assumption and to become a Lender for all purposes under this Agreement and to assume all obligations of the Non-Consenting Lender to be terminated as of such date and to comply with the requirements of clause (b) of Section 9.04, and (ii) each Borrower shall pay to such Non-Consenting Lender in same day funds on the day of such replacement (1) all interest, fees and other amounts then accrued but unpaid to such Non-Consenting Lender by such Borrower hereunder to and including the date of termination, including without limitation payments due to such Non-Consenting Lender under Sections 2.15 and 2.17, and (2) an amount, if any, equal to the payment which would have been due to such Lender on the day of such replacement under Section 2.16 had the Loans of such Non-Consenting Lender been prepaid on such date rather than sold to the replacement Lender.
(f)Notwithstanding anything to the contrary herein the Administrative Agent may, with the consent of the Borrowers only, amend, modify or supplement this Agreement or any of the other Loan Documents to cure any ambiguity, omission, mistake, defect or inconsistency.
Notwithstanding anything herein to the contrary, as to any amendment, amendment and restatement or other modification otherwise approved in accordance with this Section, it shall not be necessary to obtain the consent or approval of any Lender that, upon giving effect to such amendment, amendment and restatement or other modification, would have no Commitment or outstanding Loans so long as such Lender receives payment in full of the principal of and interest accrued on each Loan made by, and all other amounts owing to, such Lender or accrued for the account of such Lender under this Agreement and the other Loan Documents at the time such amendment, amendment and restatement or other modification becomes effective.
Section 9.03.Expenses; Indemnity; Damage Waiver.
(a)The Company shall pay (i) all reasonable and documented out-of-pocket expenses incurred by the Administrative Agent and its Affiliates, including the reasonable fees, charges and disbursements of one U.S. counsel and one local counsel in each applicable foreign jurisdiction for the Administrative Agent, in connection with the syndication and distribution (including, without limitation, via the internet or through a service such as Intralinks or Syndtrak) of the credit facilities provided for herein, the preparation and administration of this Agreement and the other Loan Documents or any amendments, modifications or waivers of the provisions hereof or thereof (whether or not the transactions contemplated hereby or thereby shall be consummated), (ii) all reasonable and documented out-of-pocket expenses incurred by the Issuing Banks in connection with the issuance, amendment, renewal or extension of any Letter of Credit or any demand for payment thereunder and (iii) all reasonable and documented out-of-pocket expenses incurred by the Administrative Agent, any Issuing Bank or any Lender, including the reasonable fees, charges and disbursements of any counsel for the Administrative Agent, any Issuing Bank or any Lender, (x) in connection with the enforcement or protection of its rights in connection with this Agreement and any other Loan Document, including its rights under this Section, or (y) in connection with the Loans made or Letters of Credit issued hereunder, including all such out-of-pocket expenses incurred during any workout, restructuring or negotiations in respect of such Loans or Letters of Credit.
(b)The Company shall indemnify the Administrative Agent, each Issuing Bank and each Lender, each arranger and each Related Party of any of the foregoing Persons (each such Person being called an “Indemnitee”) against, and hold each Indemnitee harmless from, any and all losses, claims, damages, liabilities and related expenses, including the fees, charges and disbursements of any counsel for any Indemnitee, incurred by or asserted against any Indemnitee arising out of, in connection with, or as a result of (i) the execution or delivery of any Loan Document or any agreement or instrument contemplated thereby, the performance by the parties hereto of their respective obligations thereunder or the consummation of the Transactions or any other transactions contemplated hereby, (ii) any Loan or Letter of Credit or the use of the proceeds therefrom (including any refusal by any Issuing Bank to honor a demand for payment under a Letter of Credit if the documents presented in connection with such demand do not strictly comply with the terms of such Letter of Credit), (iii) any actual or alleged presence or release of Hazardous Materials on or from any property owned or operated by the Company or any of its Subsidiaries, or any Environmental Liability related in any way to the Company or any of its Subsidiaries, or (iv) any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory, whether brought by a third party or by the Company or any of its Subsidiaries, and regardless of whether any Indemnitee is a party thereto; provided that such indemnity shall not, as to any Indemnitee, be available to the extent that such losses, claims, damages, liabilities or related expenses (i) are determined by a court of competent jurisdiction by final and nonappealable judgment to have resulted from the gross negligence or willful misconduct of such Indemnitee or (ii) arise out of or result from claims of one or more Indemnitees against another Indemnitee and not involving any act or omission by the Company, its Subsidiaries or Affiliates, or any of the foregoing’s officers, directors or employees (other than any claim against an Indemnitee solely in its capacity as an arranger, Administrative Agent or similar role in connection with the Loan Documents or any related transactions contemplated hereby or intended use of the proceeds from any Credit Event). This Section 9.03(b) shall not apply with respect to Taxes other than any Taxes that represent losses, claims or damages arising from any non-Tax claim.
(c)To the extent that the Company fails to pay any amount required to be paid by it to the Administrative Agent, the Swingline Lender, any arranger or any Issuing Bank under paragraph (a) or (b) of this Section, each Lender severally agrees to pay to the
Administrative Agent, and each Lender severally agrees to pay to the Swingline Lender or such Issuing Bank, as the case may be, such Lender’s Applicable Percentage (determined as of the time that the applicable unreimbursed expense or indemnity payment is sought) of such unpaid amount (it being understood that the Company’s failure to pay any such amount shall not relieve the Company of any default in the payment thereof); provided that the unreimbursed expense or indemnified loss, claim, damage, liability or related expense, as the case may be, was incurred by or asserted against the Administrative Agent or such Issuing Bank in its capacity as such.
(d)To the extent permitted by applicable law, (i) no Borrower shall assert, and each Borrower hereby waives, any claim against any Indemnitee for any damages arising from the use by others of information or other materials obtained through telecommunications, electronic or other information transmission systems (including the Internet), unless such damages are found in a final, non-appealable judgment by a court of competent jurisdiction to have resulted from such Indemnitee’s gross negligence or willful misconduct, and (ii) no party hereto shall assert, and each party hereby waives, any claim against any other party hereto on any theory of liability, for special, indirect, consequential or punitive damages (as opposed to direct or actual damages) arising out of, in connection with, or as a result of, this Agreement, any other Loan Document or any agreement or instrument contemplated hereby or thereby, the Transactions, any Loan or Letter of Credit or the use of the proceeds thereof.
(e)All amounts due under this Section shall be payable promptly not later than fifteen days after written demand therefor.
Section 9.04.Successors and Assigns.
(a)The provisions of this Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors and assigns permitted hereby (including any Affiliate of any Issuing Bank that issues any Letter of Credit), except that (i) no Borrower may assign or otherwise transfer any of its rights or obligations hereunder without the prior written consent of each Lender (and any attempted assignment or transfer by any Borrower without such consent shall be null and void) and (ii) no Lender may assign or otherwise transfer its rights or obligations hereunder except in accordance with this Section. Nothing in this Agreement, expressed or implied, shall be construed to confer upon any Person (other than the parties hereto, their respective successors and assigns permitted hereby (including any Affiliate of any Issuing Bank that issues any Letter of Credit), Participants (to the extent provided in paragraph (c) of this Section) and, to the extent expressly contemplated hereby, the Related Parties of each of the Administrative Agent, the Issuing Banks and the Lenders) any legal or equitable right, remedy or claim under or by reason of this Agreement.
(b)(i) Subject to the conditions set forth in paragraph (b)(ii) below, any Lender may assign to one or more Persons (other than an Ineligible Institution) all or a portion of its rights and obligations under this Agreement (including all or a portion of its Commitments and the Loans at the time owing to it) with the prior written consent (such consent not to be unreasonably withheld) of:
(A)the Company (provided that the Company shall be deemed to have consented to any such assignment unless it shall object thereto by written notice to the Administrative Agent within ten (10) Business Days after having received notice thereof); provided, further, that no consent of the Company shall be required for an assignment to a Lender, an Affiliate of a Lender, an Approved Fund or, if an Event of Default under clause (a), (b), (h) or (i) of Article VII has occurred and is continuing, any other assignee;
(B)the Administrative Agent;
(C)the Swingline Lender; and
(D)the Issuing Banks;
(i)Assignments shall be subject to the following additional conditions:
(A)except in the case of an assignment to a Lender or an Affiliate of a Lender or an Approved Fund or an assignment of the entire remaining amount of the assigning Lender’s Commitment or Loans, the amount of the Commitment or Loans of the assigning Lender subject to each such assignment (determined as of the date the Assignment and Assumption with respect to such assignment is delivered to the Administrative Agent) shall not be less than $5,000,000 unless each of the Company and the Administrative Agent otherwise consent, provided that no such consent of the Company shall be required if an Event of Default under clause (a), (b), (h) or (i) of Article VII has occurred and is continuing;
(B)each partial assignment shall be made as an assignment of a proportionate part of all the assigning Lender’s rights and obligations under this Agreement, provided that this clause shall not be construed to prohibit the assignment of a proportionate part of all the assigning Lender’s rights and obligations in respect of Commitments or Loans;
(C)the parties to each assignment shall execute and deliver to the Administrative Agent (x) an Assignment and Assumption or (y) to the extent applicable, an agreement incorporating an Assignment and Assumption by reference pursuant to a Platform as to which the Administrative Agent and the parties to the Assignment and Assumption are participants, together with a processing and recordation fee of $3,500, such fee to be paid by either the assigning Lender or the assignee Lender or shared between such Lenders;
(D)the assignee, if it shall not be a Lender, shall deliver to the Administrative Agent an Administrative Questionnaire in which the assignee designates one or more credit contacts to whom all syndicate-level information (which may contain material non-public information about the Company and its affiliates and their Related Parties or their respective securities) will be made available and who may receive such information in accordance with the assignee’s compliance procedures and applicable laws, including Federal and state securities laws; and
(E)any assignment or transfer to or assumption by any Person of all or a portion of a Lender'sLender’s rights and obligations under this Agreement (including all or a portion of its Commitments or Loans) with respect to a Dutch Borrower shall only be permitted if such Person is a Dutch Non-Public Lender.
For the purposes of this Section 9.04(b), the terms “Approved Fund” and “Ineligible Institution” have the following meanings:
“Approved Fund” means any Person (other than a natural person) that is engaged in making, purchasing, holding or investing in bank loans and similar extensions of credit in the ordinary course of its business and that is administered or managed by (a) a Lender, (b) an Affiliate of a Lender or (c) an entity or an Affiliate of an entity that administers or manages a Lender.
“Ineligible Institution” means (a) a natural person, (b) a Defaulting Lender or its Lender Parent, (c) the Company, any of its Subsidiaries or any of its Affiliates, (d) a Disqualified Institution or (e) a company, investment vehicle or trust for, or owned and operated for the primary benefit of, a natural person or relative(s) thereof.
(ii)Subject to acceptance and recording thereof pursuant to paragraph (b)(iv) of this Section, from and after the effective date specified in each Assignment and Assumption the assignee thereunder shall be a party hereto and, to the extent of the interest assigned by such Assignment and Assumption, have the rights and obligations of a Lender under this Agreement, and the assigning Lender thereunder shall, to the extent of the interest assigned by such Assignment and Assumption, be released from its obligations under this Agreement (and, in the case of an Assignment and Assumption covering all of the assigning Lender’s rights and obligations under this Agreement, such Lender shall cease to be a party hereto but shall continue to be entitled to the benefits of Sections 2.15, 2.16, 2.17 and 9.03). Any assignment or transfer by a Lender of rights or obligations under this Agreement that does not comply with this Section 9.04 shall be treated for purposes of this Agreement as a sale by such Lender of a participation in such rights and obligations in accordance with paragraph (c) of this Section.
(iii)The Administrative Agent, acting for this purpose as a non-fiduciary agent of each Borrower, shall maintain at one of its offices a copy of each Assignment and Assumption delivered to it and a register for the recordation of the names and addresses of the Lenders, and the Commitment of, and principal amount (and stated interest) of the Loans and LC Disbursements owing to, each Lender pursuant to the terms hereof from time to time (the “Register”). The entries in the Register shall be conclusive, and the Borrowers, the Administrative Agent, the Issuing Banks and the Lenders shall treat each Person whose name is recorded in the Register pursuant to the terms hereof as a Lender hereunder for all purposes of this Agreement, notwithstanding notice to the contrary. The Register shall be available for inspection by the Company, any Issuing Bank and any Lender, at any reasonable time and from time to time upon reasonable prior notice. This Section 9.04(b) shall be construed so that the Loans or other obligations under the Loan Documents are at all times maintained in "“registered form"” within the meaning of Sections 163(f), 165(j), 871(h)(2), 881(c)(2) and 4701 of the Code and within the meaning of Sections 5f.103-1(c) and 1.871-14(c) of the United States Treasury Regulations.
(iv)Upon its receipt of (x) a duly completed Assignment and Assumption executed by an assigning Lender and an assignee or (y) to the extent applicable, an agreement incorporating an Assignment and Assumption by reference pursuant to a Platform as to which the Administrative Agent and the parties to the Assignment and Assumption are participants, the assignee’s completed Administrative Questionnaire (unless the assignee shall already be a Lender hereunder), the processing and recordation fee referred to in paragraph (b) of this Section and any written consent to such assignment required by paragraph (b) of this Section, the Administrative Agent shall accept such Assignment and Assumption and record the information contained therein in the Register; provided that if either the assigning Lender or the assignee shall have failed to make any payment required to be made by it pursuant to Section 2.05(c), 2.06(d) or (e) or 2.07(b), 2.18(d) or 9.03(c), the Administrative Agent shall have no obligation to accept such Assignment and Assumption and record the information therein in the Register unless and until such payment shall have been made in full, together with all accrued interest thereon. No assignment shall be effective for purposes of this Agreement unless it has been recorded in the Register as provided in this paragraph.
(c)(i) Any Lender may, without the consent of any Borrower, the Administrative Agent, the Swingline Lender or the Issuing Banks, sell participations to one or more banks or other entities (a “Participant”), other than an Ineligible Institution, in all or a portion of such Lender’s rights and obligations under this Agreement (including all or a portion of its Commitment and the Loans owing to it); provided that (A) such Lender’s obligations under this Agreement shall remain unchanged, (B) such Lender shall remain solely responsible to the other parties hereto for the performance of such obligations (C) the Borrowers, the Administrative Agent, the Issuing Banks and the other Lenders shall continue to deal solely and directly with such Lender in connection with such Lender’s rights and obligations under this Agreement and (D) the Borrowers shall have no obligation to directly or indirectly deal with the Participant. Any agreement or instrument pursuant to which a Lender sells such a participation shall provide that such Lender shall retain the sole right to enforce this Agreement and to approve any amendment, modification or waiver of any provision of this Agreement; provided that such agreement or instrument may provide that such Lender will not, without the consent of the Participant, agree to any amendment, modification or waiver described in the first proviso to Section 9.02(b) that affects such Participant. Each Borrower agrees that each Participant shall be entitled to the benefits of Sections 2.15, 2.16 and 2.17 (subject to the requirements and limitations therein, including the requirements under Section 2.17(f) (it being understood that the documentation required under Section 2.17(f) shall be delivered to the participating Lender)) to the same extent as if it were a Lender and had acquired its interest by assignment pursuant to paragraph (b) of this Section; provided that such Participant (A) agrees to be subject to the provisions of Sections 2.18 and 2.19 as if it were an assignee under paragraph (b) of this Section; and (B) shall not be entitled to receive any greater payment under Sections 2.15 or 2.17, with respect to any participation, than its participating Lender would have been entitled to receive, except to the extent such entitlement to receive a greater payment results from a Change in Law that occurs after the Participant acquired the applicable participation. To the extent permitted by law, each Participant also shall be entitled to the benefits of Section 9.08 as though it were a Lender, provided such Participant agrees to be subject to Section 2.18(d) as though it were a Lender. Each Lender that sells a participation shall, acting solely for this purpose as a non-fiduciary agent of the Borrowers, maintain a register on which it enters the name and address of each Participant and the principal amounts (and stated interest) of each Participant’s interest in the Loans or other obligations under the Loan Documents (the “Participant Register”); provided that no Lender shall have any obligation to disclose all or any portion of the Participant Register (including the identity of any Participant or any information relating to a Participant'sParticipant’s interest in any Commitments, Loans, Letters of Credit or its other obligations under any Loan Document) to any Person except to the extent that such disclosure is necessary to establish that such Commitment, Loan, Letter of Credit or other obligation is in registered form under Section 5f.103-1(c) of the United States Treasury Regulations. The entries in the Participant Register shall be conclusive absent manifest error, and such Lender shall treat each Person whose name is recorded in the Participant Register as the owner of such participation for all purposes of this Agreement notwithstanding any notice to the contrary. For the avoidance of doubt, the Administrative Agent (in its capacity as Administrative Agent) shall have no responsibility for maintaining a Participant Register. This Section 9.05(c) shall be construed so that the Participations or other obligations under the Loan Documents are at all times maintained in "“registered form"” within the meaning of Sections 163(f), 165(j), 871(h)(2), 881(c)(2) and 4701 of the Code and within the meaning of Sections 5f.103-1(c) and 1.871-14(c) of the United States Treasury Regulations.
(d)Any Lender may at any time pledge or assign a security interest in all or any portion of its rights under this Agreement to secure obligations of such Lender, including without limitation any pledge or assignment to secure obligations to a Federal Reserve Bank, and this Section shall not apply to any such pledge or assignment of a security interest; provided that no such pledge or assignment of a security interest shall release a Lender from any of its
obligations hereunder or substitute any such pledgee or assignee for such Lender as a party hereto.
(e)Disqualified Institutions.
(i)No assignment shall be made to any Person that was a Disqualified Institution as of the date (the “Trade Date”) on which the applicable Lender entered into a binding agreement to sell and assign all or a portion of its rights and obligations under this Agreement to such Person (unless the Company has consented to such assignment as otherwise contemplated by this Section 9.04, in which case such Person will not be considered a Disqualified Institution for the purpose of such assignment). Any assignment in violation of this clause (e)(i) shall not be void, but the other provisions of this clause (e) shall apply.
(ii)If any assignment is made to any Disqualified Institution without the Company’s prior consent in violation of clause (i) above, the Company may, at its sole expense and effort, upon notice to the applicable Disqualified Institution and the Administrative Agent, (A) terminate any Commitment of such Disqualified Institution and repay all obligations of the Borrowers owing to such Disqualified Institution in connection with such Commitment, and/or (B) require such Disqualified Institution to assign and delegate, without recourse (in accordance with and subject to the restrictions contained in this Section 9.04), all of its interest, rights and obligations under this Agreement and related Loan Documents to an Eligible Assignee that shall assume such obligations at the lesser of (x) the principal amount thereof and (y) the amount that such Disqualified Institution paid to acquire such interests, rights and obligations, in each case plus accrued interest, accrued fees and all other amounts (other than principal amounts) payable to it hereunder and other the other Loan Documents; provided that (i) the Borrowers shall have paid to the Administrative Agent the assignment fee (if any) specified in 9.04(b)(ii)(C) and (ii) such assignment does not conflict with applicable laws.
(iii)Notwithstanding anything to the contrary contained in this Agreement, Disqualified Institutions (A) will not (x) have the right to receive information, reports or other materials provided to Lenders by the Borrowers, the Administrative Agent or any other Lender, (y) attend or participate in meetings attended by the Lenders and the Administrative Agent, or (z) access any electronic site established for the Lenders or confidential communications from counsel to or financial advisors of the Administrative Agent or the Lenders and (B) (x) for purposes of any consent to any amendment, waiver or modification of, or any action under, and for the purpose of any direction to the Administrative Agent or any Lender to undertake any action (or refrain from taking any action) under this Agreement or any other Loan Document, each Disqualified Institution will be deemed to have consented in the same proportion as the Lenders that are not Disqualified Institutions consented to such matter, and (y) for purposes of voting on any plan of reorganization or plan of liquidation pursuant to insolvency or bankruptcy proceed (“Plan of Reorganization”), each Disqualified Institution party hereto hereby agrees (1) not to vote on such Plan of Reorganization, (2) if such Disqualified Institution does vote on such Plan of Reorganization notwithstanding the restriction in the foregoing clause (1), such vote will be deemed not to be in good faith and shall be “designated” pursuant to Section 1126(e) of the Bankruptcy Code (or any similar provision in any other any Federal, state or foreign bankruptcy, insolvency, receivership or similar law now or hereafter in effect), and such vote shall not be counted in determining whether the applicable class has accepted or rejected such Plan of Reorganization in accordance with Section 1126(c) of the Bankruptcy Code (or any similar provision in any other any Federal, state or foreign bankruptcy, insolvency, receivership or similar law now or hereafter in effect) and (3) not to contest any request
by any party for a determination by the Bankruptcy Court (or other applicable court of competent jurisdiction) effectuating the foregoing clause (2).
(iv)The Administrative Agent shall have the right, and the Company hereby expressly authorizes the Administrative Agent, to (A) post the list of Disqualified Institutions provided by the Company (collectively, the “DQ List”) on the Platform, including that portion of the Platform that is designated for “public side” Lenders or (B) provide the DQ List to each Lender requesting the same.
Section 9.05.Survival. All covenants, agreements, representations and warranties made by the Loan Parties in the Loan Documents and in the certificates or other instruments delivered in connection with or pursuant to this Agreement or any other Loan Document shall be considered to have been relied upon by the other parties hereto and shall survive the execution and delivery of the Loan Documents and the making of any Loans and issuance of any Letters of Credit, regardless of any investigation made by any such other party or on its behalf and notwithstanding that the Administrative Agent, any Issuing Bank or any Lender may have had notice or knowledge of any Default or incorrect representation or warranty at the time any credit is extended hereunder, and shall continue in full force and effect as long as the principal of or any accrued interest on any Loan or any fee or any other amount payable under this Agreement or any other Loan Document is outstanding and unpaid or any Letter of Credit is outstanding and so long as the Commitments have not expired or terminated. The provisions of Sections 2.15, 2.16, 2.17 and 9.03 and Article VIII shall survive and remain in full force and effect regardless of the consummation of the transactions contemplated hereby, the repayment of the Loans, the expiration or termination of the Letters of Credit and the Commitments or the termination of this Agreement or any other Loan Document or any provision hereof or thereof.
Section 9.06.Counterparts; Integration; Effectiveness. This Agreement, the other Loan Documents and any separate letter agreements with respect to fees payable to the Administrative Agent constitute the entire contract among the parties relating to the subject matter hereof and supersede any and all previous agreements and understandings, oral or written, relating to the subject matter hereof.
Section 9.07.Severability. Any provision of any Loan Document held to be invalid, illegal or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such invalidity, illegality or unenforceability without affecting the validity, legality and enforceability of the remaining provisions thereof; and the invalidity of a particular provision in a particular jurisdiction shall not invalidate such provision in any other jurisdiction.
Section 9.08.Right of Setoff. If an Event of Default shall have occurred and be continuing, each Lender and each of its Affiliates is hereby authorized at any time and from time to time, to the fullest extent permitted by law, to set off and apply any and all deposits (general or special, time or demand, provisional or final and in whatever currency denominated) at any time held and other obligations at any time owing by such Lender or Affiliate to or for the credit or the account of any Borrower or any Subsidiary Guarantor against any of and all of the Secured Obligations held by such Lender, irrespective of whether or not such Lender shall have made any demand under the Loan Documents and although such obligations may be unmatured. The rights of each Lender under this Section are in addition to other rights and remedies (including other rights of setoff) which such Lender may have.
Section 9.09.Governing Law; Jurisdiction; Consent to Service of Process.
(a)This Agreement shall be construed in accordance with and governed by the law of the State of New York.
(b)Each Borrower hereby irrevocably and unconditionally submits, for itself and its property, to the nonexclusive jurisdiction of the Supreme Court of the State of New York sitting in New York County, Borough of Manhattan and of the United States District Court for the Southern District of New York, and any appellate court from any thereof, in any action or proceeding arising out of or relating to any Loan Document, or for recognition or enforcement of any judgment, and each of the parties hereto hereby irrevocably and unconditionally agrees that all claims in respect of any such action or proceeding may be heard and determined in such New York State or, to the extent permitted by law, in such Federal court. Each of the parties hereto agrees that a final judgment in any such action or proceeding shall be conclusive and may be enforced in other jurisdictions by suit on the judgment or in any other manner provided by law. Nothing in this Agreement or any other Loan Document shall affect any right that the Administrative Agent, any Issuing Bank or any Lender may otherwise have to bring any action or proceeding relating to this Agreement or any other Loan Document against any Loan Party or its properties in the courts of any jurisdiction.
(c)Each Borrower hereby irrevocably and unconditionally waives, to the fullest extent it may legally and effectively do so, any objection which it may now or hereafter have to the laying of venue of any suit, action or proceeding arising out of or relating to this Agreement or any other Loan Document in any court referred to in paragraph (b) of this Section. Each of the parties hereto hereby irrevocably waives, to the fullest extent permitted by law, the defense of an inconvenient forum to the maintenance of such action or proceeding in any such court.
(d)Each party to this Agreement irrevocably consents to service of process in the manner provided for notices in Section 9.01. Each Foreign Subsidiary Borrower irrevocably designates and appoints the Company, as its authorized agent, to accept and acknowledge on its behalf, service of any and all process which may be served in any suit, action or proceeding of the nature referred to in Section 9.09(b) in any federal or New York State court sitting in New York City. The Company hereby represents, warrants and confirms that the Company has agreed to accept such appointment (and any similar appointment by a Subsidiary Guarantor which is a Foreign Subsidiary). Said designation and appointment shall be irrevocable by each such Foreign Subsidiary Borrower until all Loans, all reimbursement obligations, interest thereon and all other amounts payable by such Foreign Subsidiary Borrower hereunder and under the other Loan Documents shall have been paid in full in accordance with the provisions hereof and thereof and such Foreign Subsidiary Borrower shall have been terminated as a Borrower hereunder pursuant to Section 2.23. Each Foreign Subsidiary Borrower hereby consents to process being served in any suit, action or proceeding of the nature referred to in Section 9.09(b) in any federal or New York State court sitting in New York City by service of process upon the Company as provided in this Section 9.09(d); provided that, to the extent lawful and possible, notice of said service upon such agent shall be mailed by registered or certified air mail, postage prepaid, return receipt requested, to the Company and (if applicable to) such Foreign Subsidiary Borrower at its address set forth in the Borrowing Subsidiary Agreement to which it is a party or to any other address of which such Foreign Subsidiary Borrower shall have given written notice to the Administrative Agent (with a copy thereof to the Company). Each Foreign Subsidiary Borrower irrevocably waives, to the fullest extent permitted by law, all claim of error by reason of any such service in such manner and agrees that such service shall be deemed in every respect effective service of process upon such Foreign Subsidiary Borrower in any such suit, action or proceeding and shall, to the fullest extent permitted by law, be taken and held to be valid and personal service upon and personal delivery to such Foreign Subsidiary Borrower. To the extent any Foreign Subsidiary Borrower has or hereafter may acquire any immunity from jurisdiction of any court or from any legal process (whether from service or notice, attachment prior to judgment, attachment in aid of execution of a judgment, execution or otherwise), each Foreign Subsidiary Borrower hereby irrevocably waives such immunity in respect of its obligations under
the Loan Documents. Nothing in this Agreement or any other Loan Document will affect the right of any party to this Agreement to serve process in any other manner permitted by law.
Section 9.10.WAIVER OF JURY TRIAL. EACH PARTY HERETO HEREBY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN ANY LEGAL PROCEEDING DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING TO THIS AGREEMENT, ANY OTHER LOAN DOCUMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY (WHETHER BASED ON CONTRACT, TORT OR ANY OTHER THEORY). EACH PARTY HERETO (A) CERTIFIES THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PARTY HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER AND (B) ACKNOWLEDGES THAT IT AND THE OTHER PARTIES HERETO HAVE BEEN INDUCED TO ENTER INTO THIS AGREEMENT BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION.
Section 9.11.Headings. Article and Section headings and the Table of Contents used herein are for convenience of reference only, are not part of this Agreement and shall not affect the construction of, or be taken into consideration in interpreting, this Agreement.
Section 9.12.Confidentiality. Each of the Administrative Agent, the Issuing Banks and the Lenders agrees to maintain the confidentiality of the Information (as defined below), except that Information may be disclosed (a) to its and its Affiliates’ directors, officers, employees and agents, including accountants, legal counsel and other advisors (it being understood that the Persons to whom such disclosure is made will be informed of the confidential nature of such Information and instructed to keep such Information confidential), (b) to the extent requested by any Governmental Authority (including any self-regulatory authority, such as the National Association of Insurance Commissioners), (c) to the extent required by applicable laws or regulations or by any subpoena or similar legal process, (d) to any other party to this Agreement, (e) in connection with the exercise of any remedies under this Agreement or any other Loan Document or any suit, action or proceeding relating to this Agreement or any other Loan Document or the enforcement of rights hereunder or thereunder, (f) subject to an agreement containing provisions substantially the same as those of this Section, to (1) any assignee of or Participant in, or any prospective assignee of or Participant in, any of its rights or obligations under this Agreement or (2) any actual or prospective counterparty (or its advisors) to any swap or derivative transaction relating to any Borrower and its obligations, (g) on a confidential basis to (1) any rating agency in connection with rating the Company or its Subsidiaries or the credit facilities provided for herein or (2) the CUSIP Service Bureau or any similar agency in connection with the issuance and monitoring of CUSIP numbers with respect to the credit facilities provided for herein, (h) with the consent of the Company or (i) to the extent such Information (1) becomes publicly available other than as a result of a breach of this Section or (2) becomes available to the Administrative Agent, any Issuing Bank or any Lender on a nonconfidential basis from a source other than the Company. For the purposes of this Section, “Information” means all information received from the Company relating to the Company or its business, other than any such information that is available to the Administrative Agent, any Issuing Bank or any Lender on a nonconfidential basis prior to disclosure by the Company and other than information pertaining to this Agreement routinely provided by arrangers to data service providers, including league table providers, that serve the lending industry. Any Person required to maintain the confidentiality of Information as provided in this Section shall be considered to have complied with its obligation to do so if such Person has exercised the same degree of care to maintain the confidentiality of such Information as such Person would accord to its own confidential information.
EACH LENDER ACKNOWLEDGES THAT INFORMATION AS DEFINED IN THE IMMEDIATELY PRECEDING PARAGRAPH FURNISHED TO IT PURSUANT TO THIS AGREEMENT MAY INCLUDE MATERIAL NON-PUBLIC INFORMATION CONCERNING THE COMPANY, THE OTHER LOAN PARTIES AND ITS RELATED PARTIES OR THEIR RESPECTIVE SECURITIES, AND CONFIRMS THAT IT HAS DEVELOPED COMPLIANCE PROCEDURES REGARDING THE USE OF MATERIAL NON-PUBLIC INFORMATION AND THAT IT WILL HANDLE SUCH MATERIAL NON-PUBLIC INFORMATION IN ACCORDANCE WITH THOSE PROCEDURES AND APPLICABLE LAW, INCLUDING FEDERAL AND STATE SECURITIES LAWS.
ALL INFORMATION, INCLUDING REQUESTS FOR WAIVERS AND AMENDMENTS, FURNISHED BY THE COMPANY OR THE ADMINISTRATIVE AGENT PURSUANT TO, OR IN THE COURSE OF ADMINISTERING, THIS AGREEMENT WILL BE SYNDICATE-LEVEL INFORMATION, WHICH MAY CONTAIN MATERIAL NON-PUBLIC INFORMATION ABOUT THE COMPANY, THE OTHER LOAN PARTIES AND THEIR RELATED PARTIES OR THEIR RESPECTIVE SECURITIES. ACCORDINGLY, EACH LENDER REPRESENTS TO THE COMPANY AND THE ADMINISTRATIVE AGENT THAT IT HAS IDENTIFIED IN ITS ADMINISTRATIVE QUESTIONNAIRE A CREDIT CONTACT WHO MAY RECEIVE INFORMATION THAT MAY CONTAIN MATERIAL NON-PUBLIC INFORMATION IN ACCORDANCE WITH ITS COMPLIANCE PROCEDURES AND APPLICABLE LAW.
In addition, the Administrative Agent and the Lenders may disclose the existence of this Agreement and information about this Agreement to market data collectors, similar service providers to the lending industry and service providers to the Administrative Agent and the Lenders in connection with the administration of this Agreement, the other Loan Documents and the Commitments.
Each Loan Party and Affiliates thereof agree that they will not in the future issue any press releases or other public disclosure using the name of the Administrative Agent or any Lender or their respective Affiliates or referring to this Agreement or any of the Loan Documents without the prior written consent of the Administrative Agent, unless (and only to the extent that) such Loan Party or such Affiliate is required to do so under law and then, in any event the Loan Parties or such Affiliate will consult with such Person to the extent practicable before issuing such press release or other public disclosure.
The Loan Parties consent to the publication by the Administrative Agent or any Lender of customary advertising material relating to the transactions contemplated hereby using the name, product photographs, logo or trademark of the Loan Parties.
For the avoidance of doubt, nothing herein prohibits any individual from communicating or disclosing information regarding suspected violations of laws, rules, or regulations to a governmental, regulatory, or self-regulatory authority without any notification to any person.
Section 9.13.Interest Rate Limitation. Notwithstanding anything herein to the contrary, if at any time the interest rate applicable to any Loan, together with all fees, charges and other amounts which are treated as interest on such Loan under applicable law (collectively the “Charges”), shall exceed the maximum lawful rate (the “Maximum Rate”) which may be contracted for, charged, taken, received or reserved by the Lender holding such Loan in accordance with applicable law, the rate of interest payable in respect of such Loan hereunder, together with all Charges payable in respect thereof, shall be limited to the Maximum Rate and, to the extent lawful, the interest and Charges that would have been payable in respect of such Loan but were not payable as a result of the operation of this Section shall be cumulated and the interest and Charges payable to such Lender in respect of other Loans or periods shall be increased (but not above the Maximum Rate therefor) until such cumulated amount, together with interest thereon at the Federal Funds Effective Rate to the date of repayment, shall have been received by such Lender.
Section 9.14.USA PATRIOT Act. Each Lender that is subject to the requirements of the Patriot Act hereby notifies each Loan Party that pursuant to the requirements of the Patriot Act, it is required to obtain, verify and record information that identifies such Loan Party, which information includes the name and address of such Loan Party and other information that will allow such Lender to identify such Loan Party in accordance with the Patriot Act.
Section 9.15.Releases of Subsidiary Guarantors.
(a)A Subsidiary Guarantor shall automatically be released from its obligations under the Subsidiary Guaranty upon the consummation of any transaction permitted by this Agreement as a result of which such Subsidiary Guarantor ceases to be a Subsidiary; provided that, if so required by this Agreement, the Required Lenders shall have consented to such transaction and the terms of such consent shall not have provided otherwise. In connection with any termination or release pursuant to this Section, the Administrative Agent shall (and is hereby irrevocably authorized by each Lender to) execute and deliver to any Loan Party, at such Loan Party’s expense, all documents that such Loan Party shall reasonably request to evidence such termination or release. Any execution and delivery of documents pursuant to this Section shall be without recourse to or warranty by the Administrative Agent.
(b)Further, the Administrative Agent may (and is hereby irrevocably authorized by each Lender to), upon the request of the Company, release any Subsidiary Guarantor from its obligations under the Subsidiary Guaranty if such Subsidiary Guarantor no longer qualifies as (or would be designated as) a Subsidiary Guarantor pursuant to the terms of this Agreement.
(c)At such time as the principal and interest on the Loans, all LC Disbursements, the fees, expenses and other amounts payable under the Loan Documents and the other Secured Obligations (other than Swap Obligations, Banking Services Obligations, and other Obligations expressly stated to survive such payment and termination) shall have been paid in full, the Commitments shall have been terminated and no Letters of Credit shall be outstanding, the Subsidiary Guaranty and all obligations (other than those expressly stated to survive such termination) of each Subsidiary Guarantor thereunder shall automatically terminate, all without delivery of any instrument or performance of any act by any Person.
Section 9.16.Attorney Representation
. If a Dutch Borrower is represented by an attorney in connection with the signing and/or execution of the Agreement and/or any other Loan Document it is hereby expressly
acknowledged and accepted by the parties to the Agreement and/or any other Loan Document that the existence and extent of the attorney’s authority and the effects of the attorney’s exercise or purported exercise of his or her authority shall be governed by the laws of the Netherlands.
Section 9.17.Acknowledgment and Consent to Bail-In of Affected Financial Institutions.
Solely to the extent any Lender or Issuing Bank that is an Affected Financial Institution is a party to this Agreement and notwithstanding anything to the contrary in any Loan Document or in any other agreement, arrangement or understanding among any such parties, each party hereto acknowledges that any liability of any Lender or Issuing Bank that is an Affected Financial Institution arising under any Loan Document, to the extent such liability is unsecured, may be subject to the Write-Down and Conversion Powers of the applicable Resolution Authority and agrees and consents to, and acknowledges and agrees to be bound by:
(a)the application of any Write-Down and Conversion Powers by the applicable Resolution Authority to any such liabilities arising hereunder which may be payable to it by any Lender or Issuing Bank that is an Affected Financial Institution; and
(b)the effects of any Bail-In Action on any such liability, including, if applicable:
(i)a reduction in full or in part or cancellation of any such liability;
(ii)a conversion of all, or a portion of, such liability into shares or other instruments of ownership in such Affected Financial Institution, its parent undertaking, or a bridge institution that may be issued to it or otherwise conferred on it, and that such shares or other instruments of ownership will be accepted by it in lieu of any rights with respect to any such liability under this Agreement or any other Loan Document; or
(iii)the variation of the terms of such liability in connection with the exercise of the Write-Down and Conversion Powers of the applicable Resolution Authority.
Section 9.18.Electronic Execution. This Agreement, any Loan Document and any other Communication, including Communications required to be in writing, may be in the form of an Electronic Record and may be executed using Electronic Signatures. Each of the Loan Parties and each of the Administrative Agent and each Lender Party agrees that any Electronic Signature on or associated with any Communication shall be valid and binding on such Person to the same extent as a manual, original signature, and that any Communication entered into by Electronic Signature, will constitute the legal, valid and binding obligation of such Person enforceable against such Person in accordance with the terms thereof to the same extent as if a manually executed original signature was delivered. Any Communication may be executed in as many counterparts as necessary or convenient, including both paper and electronic counterparts, but all such counterparts are one and the same Communication. For the avoidance of doubt, the authorization under this paragraph may include, without limitation, use or acceptance of a manually signed paper Communication which has been converted into electronic form (such as scanned into PDF format), or an electronically signed Communication converted into another format, for transmission, delivery and/or retention. The Administrative Agent and each of the Lender Parties may, at its option, create one or more copies of any Communication in the form of an imaged Electronic Record (“Electronic Copy”), which shall be deemed created in
the ordinary course of such Person’s business, and destroy the original paper document. All Communications in the form of an Electronic Record, including an Electronic Copy, shall be considered an original for all purposes, and shall have the same legal effect, validity and enforceability as a paper record. Notwithstanding anything contained herein to the contrary, neither the Administrative Agent, Issuing Bank nor Swingline Lender is under any obligation to accept an Electronic Signature in any form or in any format unless expressly agreed to by such Person pursuant to procedures approved by it; provided, further, without limiting the foregoing, (a) to the extent the Administrative Agent, Issuing Bank and/or Swingline Lender has agreed to accept such Electronic Signature, the Administrative Agent and each of the Lender Parties shall be entitled to rely on any such Electronic Signature purportedly given by or on behalf of any Loan Party and/or any Lender Party without further verification and regardless of the appearance or form of such Electronic Signature, and (b) upon the request of the Administrative Agent or any Lender Party, any Communication executed using an Electronic Signature shall be promptly followed by such manually executed counterpart.
Neither the Administrative Agent, Issuing Bank nor Swing LineSwingline Lender shall be responsible for or have any duty to ascertain or inquire into the sufficiency, validity, enforceability, effectiveness or genuineness of any Loan Document or any other agreement, instrument or document (including, for the avoidance of doubt, in connection with the Administrative Agent’s, Issuing Bank’s or Swingline Lender’s reliance on any Electronic Signature transmitted by telecopy, emailed .pdf or any other electronic means). The Administrative Agent, Issuing Bank and Swingline Lender shall be entitled to rely on, and shall incur no liability under or in respect of this Agreement or any other Loan Document by acting upon, any Communication or any statement made to it orally or by telephone and believed by it to be genuine and signed or sent or otherwise authenticated (whether or not such Person in fact meets the requirements set forth in the Loan Documents for being the maker thereof).
Each of the Loan Parties and each Lender Party hereby waives (i) any argument, defense or right to contest the legal effect, validity or enforceability of this Agreement, any other Loan Document based solely on the lack of paper original copies of this Agreement, such other Loan Document, and (ii) waives any claim against the Administrative Agent, each Lender Party and each Related Party for any liabilities arising solely from the Administrative Agent’s and/or any Lender Party’s reliance on or use of Electronic Signatures, including any liabilities arising as a result of the failure of the Loan Parties to use any available security measures in connection with the execution, delivery or transmission of any Electronic Signature.
Section 9.19.Payments Set Aside.
To the extent that any payment by or on behalf of the Borrowers is made to the Administrative Agent, the Issuing Banks or any Lender, or the Administrative Agent, the Issuing Banks or any Lender exercises its right of setoff, and such payment or the proceeds of such setoff or any part thereof is subsequently invalidated, declared to be fraudulent or preferential, set aside or required (including pursuant to any settlement entered into by the Administrative Agent, the Issuing Banks or such Lender in its discretion) to be repaid to a trustee, receiver or any other party, in connection with any proceeding under the Bankruptcy Code or otherwise, then (a) to the extent of such recovery, the obligation or part thereof originally intended to be satisfied shall be revived and continued in full force and effect as if such payment had not been made or such setoff had not occurred, and (b) each Lender and Issuing Bank severally agrees to pay to the
Administrative Agent upon demand its applicable share (without duplication) of any amount so recovered from or repaid by the Administrative Agent, plus interest thereon from the date of such demand to the date such payment is made at a rate per annum equal to Federal Funds Effective Rate or the Overnight Foreign Currency Rate (in the applicable currency of such recovery or payment), as applicable, from time to time in effect. The obligations of the Lenders and Issuing Banks under clause (b) of the preceding sentence shall survive the payment in full of the Obligations and the termination of this Agreement.
Section 9.20.Acknowledgment Regarding Any Support QFCs. To the extent that the Loan Documents provide support, through a guarantee or otherwise, for any Swap Agreement or any other agreement or instrument that is a QFC (such support, “QFC Credit Support”, and each such QFC, a “Supported QFC”), the parties acknowledge and agree as follows with respect to the resolution power of the Federal Deposit Insurance Corporation under the Federal Deposit Insurance Act and Title II of the Dodd-Frank Wall Street Reform and Consumer Protection Act (together with the regulations promulgated thereunder, the “U.S. Special Resolution Regimes”) in respect of such Supported QFC and QFC Credit Support (with the provisions below applicable notwithstanding that the Loan Documents and any Supported QFC may in fact be stated to be governed by the laws of the State of New York and/or of the United States or any other state of the United States):
(a)In the event a Covered Entity that is party to a Supported QFC (each, a “Covered Party”) becomes subject to a proceeding under a U.S. Special Resolution Regime, the transfer of such Supported QFC and the benefit of such QFC Credit Support (and any interest and obligation in or under such Supported QFC and such QFC Credit Support, and any rights in property securing such Supported QFC or such QFC Credit Support) from such Covered Party will be effective to the same extent as the transfer would be effective under the U.S. Special Resolution Regime if the Supported QFC and such QFC Credit Support (and any such interest, obligation and rights in property) were governed by the laws of the United States or a state of the United States. In the event a Covered Party or a BHC Act Affiliate of a Covered Party becomes subject to a proceeding under a U.S. Special Resolution Regime, Default Rights under the Loan Documents that might otherwise apply to such Supported QFC or any QFC Credit Support that may be exercised against such Covered Party are permitted to be exercised to no greater extent than such Default Rights could be exercised under the U.S. Special Resolution Regime if the Supported QFC and the Loan Documents were governed by the laws of the United States or a state of the United States. Without limitation of the foregoing, it is understood and agreed that rights and remedies of the parties with respect to a Defaulting Lender shall in no event affect the rights of any Covered Party with respect to a Supported QFC or any QFC Credit Support.
(b)As used in this Section 9.20, the following terms have the following meanings:
“BHC Act Affiliate” of a party means an “affiliate” (as such term is defined under, and interpreted in accordance with, 12 U.S.C. 1841(k)) of such party.
“Covered Entity” means any of the following: (i) a “covered entity” as that term is defined in, and interpreted in accordance with, 12 C.F.R. § 252.82(b); (ii) a “covered bank” as that term is defined in, and interpreted in accordance with, 12 C.F.R. § 47.3(b); or (iii) a “covered FSI” as that term is defined in, and interpreted in accordance with, 12 C.F.R. § 382.2(b).
“Default Right” has the meaning assigned to that term in, and shall be interpreted in accordance with, 12 C.F.R. §§ 252.81, 47.2 or 382.1, as applicable.
“QFC” has the meaning assigned to the term “qualified financial contract” in, and shall be interpreted in accordance with, 12 U.S.C. 5390(c)(8)(D).
Article X____
Cross-Guarantee
In order to induce the Lenders to extend credit to the other Borrowers hereunder, but subject to the penultimate sentence of this Article X, each Borrower hereby irrevocably and unconditionally guarantees, as a primary obligor and not merely as a surety, the payment when and as due of the Secured Obligations. Each Borrower further agrees that the due and punctual payment of such Secured Obligations may be extended or renewed, in whole or in part, without notice to or further assent from it, and that it will remain bound upon its guarantee hereunder notwithstanding any such extension or renewal of any such Secured Obligation.
Each Borrower waives presentment to, demand of payment from and protest to any Borrower of any of the Secured Obligations, and also waives notice of acceptance of its obligations and notice of protest for nonpayment. The obligations of each Borrower hereunder shall not be affected by (a) the failure of the Administrative Agent, any Issuing Bank or any Lender to assert any claim or demand or to enforce any right or remedy against any Borrower under the provisions of this Agreement, any other Loan Document or otherwise; (b) any extension or renewal of any of the Secured Obligations; (c) any rescission, waiver, amendment or modification of, or release from, any of the terms or provisions of this Agreement, or any other Loan Document or agreement; (d) any default, failure or delay, willful or otherwise, in the performance of any of the Secured Obligations; (e) the failure of the Administrative Agent to take any steps to perfect and maintain any security interest in, or to preserve any rights to, any security or collateral for the Secured Obligations, if any; (f) any change in the corporate, partnership or other existence, structure or ownership of any Borrower or any other guarantor of any of the Secured Obligations; (g) the enforceability or validity of the Secured Obligations or any part thereof or the genuineness, enforceability or validity of any agreement relating thereto or with respect to any collateral securing the Secured Obligations or any part thereof, or any other invalidity or unenforceability relating to or against any Borrower or any other guarantor of any of the Secured Obligations, for any reason related to this Agreement, any Swap Agreement, any Banking Services Agreement, any other Loan Document, or any provision of applicable law, decree, order or regulation of any jurisdiction purporting to prohibit the payment by such Borrower or any other guarantor of the Secured Obligations, of any of the Secured Obligations or otherwise affecting any term of any of the Secured Obligations; or (h) any other act, omission or delay to do any other act which may or might in any manner or to any extent vary the risk of such Borrower or otherwise operate as a discharge of a guarantor as a matter of law or equity or which would impair or eliminate any right of such Borrower to subrogation.
Each Borrower further agrees that its agreement hereunder constitutes a guarantee of payment when due (whether or not any bankruptcy or similar proceeding shall have stayed the
accrual or collection of any of the Secured Obligations or operated as a discharge thereof) and not merely of collection, and waives any right to require that any resort be had by the Administrative Agent, any Issuing Bank or any Lender to any balance of any deposit account or credit on the books of the Administrative Agent, any Issuing Bank or any Lender in favor of any Borrower or any other Person.
The obligations of each Borrower hereunder shall not be subject to any reduction, limitation, impairment or termination for any reason, and shall not be subject to any defense or set-off, counterclaim, recoupment or termination whatsoever, by reason of the invalidity, illegality or unenforceability of any of the Secured Obligations, any impossibility in the performance of any of the Secured Obligations or otherwise.
Each Borrower further agrees that its obligations hereunder shall constitute a continuing and irrevocable guarantee of all Secured Obligations now or hereafter existing and shall continue to be effective or be reinstated, as the case may be, if at any time payment, or any part thereof, of any Secured Obligation (including a payment effected through exercise of a right of setoff) is rescinded, or is or must otherwise be restored or returned by the Administrative Agent, any Issuing Bank or any Lender upon the insolvency, bankruptcy or reorganization of any Borrower or otherwise (including pursuant to any settlement entered into by a holder of Secured Obligations in its discretion).
In furtherance of the foregoing and not in limitation of any other right which the Administrative Agent, any Issuing Bank or any Lender may have at law or in equity against any Borrower by virtue hereof, upon the failure of any other Borrower to pay any Secured Obligation when and as the same shall become due, whether at maturity, by acceleration, after notice of prepayment or otherwise, each Borrower hereby promises to and will, upon receipt of written demand by the Administrative Agent, any Issuing Bank or any Lender, forthwith pay, or cause to be paid, to the Administrative Agent, any Issuing Bank or any Lender in cash an amount equal to the unpaid principal amount of the Secured Obligations then due, together with accrued and unpaid interest thereon. Each Borrower further agrees that if payment in respect of any Secured Obligation shall be due in a currency other than Dollars and/or at a place of payment other than New York, Chicago or any other Eurocurrency Payment Office and if, by reason of any Change in Law, disruption of currency or foreign exchange markets, war or civil disturbance or other event, payment of such Secured Obligation in such currency or at such place of payment shall be impossible or, in the reasonable judgment of the Administrative Agent, any Issuing Bank or any Lender, disadvantageous to the Administrative Agent, any Issuing Bank or any Lender in any material respect, then, at the election of the Administrative Agent, such Borrower shall make payment of such Secured Obligation in Dollars (based upon the applicable Equivalent Amount in effect on the date of payment) and/or in New York, Chicago or such other Eurocurrency Payment Office as is designated by the Administrative Agent and, as a separate and independent obligation, shall indemnify the Administrative Agent, any Issuing Bank and any Lender against any losses or reasonable out-of-pocket expenses that it shall sustain as a result of such alternative payment.
Upon payment by any Borrower of any sums as provided above, all rights of such Borrower against any Borrower arising as a result thereof by way of right of subrogation or otherwise shall in all respects be subordinated and junior in right of payment to the prior indefeasible payment in full in cash of all the Secured Obligations owed by such Borrower to the Administrative Agent, the Issuing Banks and the Lenders.
Nothing shall discharge or satisfy the liability of any Borrower hereunder except the full performance and payment in cash of the Secured Obligations.
Notwithstanding anything contained in this Article X to the contrary, no Foreign Subsidiary Borrower which is and remains an Affected Foreign Subsidiary shall be liable hereunder for any of the Loans made to, or any other Secured Obligation incurred solely by or on behalf of, the Company or any Subsidiary Guarantor which is a Domestic Subsidiary.
The Company hereby absolutely, unconditionally and irrevocably undertakes to provide such funds or other support as may be needed from time to time by each Subsidiary Guarantor to honor all of its obligations under the Subsidiary Guaranty in respect of Specified Swap Obligations (provided, however, that the Company shall only be liable under this paragraph for the maximum amount of such liability that can be hereby incurred without rendering its obligations under this paragraph or otherwise under this Article X voidable under applicable law relating to fraudulent conveyance or fraudulent transfer, and not for any greater amount). The Company intends that this paragraph constitute, and this paragraph shall be deemed to constitute, a “keepwell, support, or other agreement” for the benefit of each Subsidiary Guarantor for all purposes of Section 1a(18)(A)(v)(II) of the Commodity Exchange Act.
[Remainder of Page is Intentionally Blank]
[SIGNATURE PAGES INTENTIONALLY OMITTED]
[SCHEDULE 2.01 INTENTIONALLY OMITTED]
COMMITMENTS
EXHIBIT A-2
Clean Credit Agreement, as amended
Attached
| | |
Published CUSIP Number: 42281YAF4 |
CREDIT AGREEMENT
dated as of
October 26, 2018
as amended by the First Amendment to Credit Agreement dated as of July 13, 2021, the Second Amendment to Credit Agreement dated as of February 24, 2023 and the Third Amendment to Credit Agreement dated as of March 17, 2025
among
HEIDRICK & STRUGGLES INTERNATIONAL, INC.
The Foreign Subsidiary Borrowers Party Hereto
The Lenders Party Hereto
BANK OF AMERICA, N.A.,
as Administrative Agent
HSBC BANK USA, NATIONAL ASSOCIATION,
as Documentation Agent
___________________________
BOFA SECURITIES, INC.
as Sole Bookrunner and Sole Lead Arranger
TABLE OF CONTENTS
Page
| | |
SCHEDULES: |
|
Schedule 2.01 -- Commitments |
Schedule 2.06 -- Existing Letters of Credit |
Schedule 3.01 -- Subsidiaries |
Schedule 3.06 -- Disclosed Matters |
Schedule 6.01 -- Existing Indebtedness |
Schedule 6.02 -- Existing Liens |
Schedule 6.04 -- Existing Investments |
Schedule 6.08 -- Existing Restrictions |
|
| | |
EXHIBITS: |
Exhibit A -- Form of Assignment and Assumption |
Exhibit B-1 -- Form of Borrowing Request |
Exhibit B-2 -- Form of Swingline Loan Request |
Exhibit B-3 -- Form of Notice of Prepayment |
Exhibit C -- Form of Increasing Lender Supplement |
Exhibit D -- Form of Augmenting Lender Supplement |
Exhibit E -- Form of Subsidiary Guaranty |
Exhibit F -- [Intentionally Omitted] |
Exhibit G-1 -- Form of Borrowing Subsidiary Agreement |
Exhibit G-2 -- Form of Borrowing Subsidiary Termination |
Exhibit H-1 -- Form of U.S. Tax Certificate (Non-U.S. Lenders That Are Not Partnerships) |
Exhibit H-2 -- Form of U.S. Tax Certificate (Non-U.S. Lenders That Are Partnerships) |
Exhibit H-3 -- Form of U.S. Tax Certificate (Non-U.S. Participants That Are Not Partnerships) |
Exhibit H-4 -- Form of U.S. Tax Certificate (Non-U.S. Participants That Are Partnerships) |
CREDIT AGREEMENT (this “Agreement”) dated as of October 26, 2018, as amended, restated, supplemented or otherwise modified from time to time, among HEIDRICK & STRUGGLES INTERNATIONAL, INC., the FOREIGN SUBSIDIARY BORROWERS from time to time party hereto, the LENDERS from time to time party hereto, BANK OF AMERICA, N.A., as Administrative Agent, and HSBC BANK USA, NATIONAL ASSOCIATION, as Documentation Agent.
WHEREAS, as of the Third Amendment Effective Date, the Loan Parties (as hereinafter defined) have requested that the Lenders, the Swingline Lender and the Issuing Banks make loans and other financial accommodations to the Loan Parties in an aggregate amount of up to $100,000,000.
WHEREAS, the Lenders, the Swingline Lender and the Issuing Banks have agreed to make such loans and other financial accommodations to the Loan Parties on the terms and subject to the conditions set forth herein;
NOW, THEREFORE, in consideration of the premises and the mutual covenants contained herein, the parties hereto hereby agree as follows:
ARTICLE I
Definitions
1.01 Defined Terms. As used in this Agreement, the following terms have the meanings specified below:
“ABR”, when used in reference to any Loan or Borrowing, refers to a Loan, or the Loans comprising such Borrowing, bearing interest at a rate determined by reference to the Alternate Base Rate.
“Administrative Agent” means Bank of America, N.A. (including its branches and affiliates), in its capacity as administrative agent for the Lenders hereunder.
“Administrative Questionnaire” means an Administrative Questionnaire in a form supplied by the Administrative Agent.
“Affected Foreign Subsidiary” is defined in the definition of Subsidiary Guarantor.
“Affected Financial Institution” means (a) any EEA Financial Institution, or (b) any UK Financial Institution.
“Affiliate” means, with respect to a specified Person, another Person that directly, or indirectly through one or more intermediaries, Controls or is Controlled by or is under common Control with the Person specified.
“Agent Party” has the meaning assigned to such term in Section 9.01(d).
“Agreed Currencies” means (a) with respect to Revolving Loans, Agreed Loan Currencies, and (b) with respect to Letters of Credit, Agreed LC Currencies.
“Agreed LC Currencies” means (a) the currencies described in clause (a) of the definition of Agreed Currencies, (b) Swiss Francs, (c) Singapore Dollars and (d) any other currency that is agreed to by the Administrative Agent and the relevant Issuing Bank.
“Agreed Loan Currencies” means (i) Dollars, (ii) Euro, (iii) British Pounds Sterling, (iv) Australian Dollars and (v) any other currency (x) that is a lawful currency (other than Dollars) that is readily available and freely transferable and convertible into Dollars and (y) that is agreed to by the Administrative Agent and each of the Lenders.
“Alternate Base Rate” means, for any day, a rate per annum equal to the greatest of (a) the Prime Rate in effect on such day, (b) the Federal Funds Effective Rate in effect on such day plus ½ of 1% and (c) Term SOFR for a one month Interest Period in Dollars on such day (or if such day is not a Business Day, the immediately preceding Business Day) plus 1%, provided that Term SOFR for any day shall be based on Term SOFR at approximately 11:00 a.m. Local Time on such day, subject to the interest rate floors set forth therein. Any change in the Alternate Base Rate due to a change in the Prime Rate, the Federal Funds Effective Rate or Term SOFR shall be effective from and including the effective date of such change in the Prime Rate, the Federal Funds Effective Rate or Term SOFR, respectively. For the avoidance of doubt, if the Alternate Base Rate as so determined would be less than zero, such rate shall be deemed to be zero for purposes of this Agreement.
“Anti-Corruption Laws” means all laws, rules, and regulations of any jurisdiction applicable to the Company or its Subsidiaries from time to time concerning or relating to bribery or corruption, including for the avoidance of doubt, the Foreign Corrupt Practices Act of 1977, as amended, and the rules and regulations thereunder (the “FCPA”), and the UK Bribery Act 2010.
“Applicable Authority” means with respect to any Foreign Currency, the applicable administrator for the Relevant Rate for such Foreign Currency or any Governmental Authority having jurisdiction over the Administrative Agent or such administrator.
“Applicable Percentage” means, with respect to any Lender, with respect to Loans, Swingline Loans or LC Exposure, the percentage equal to a fraction the numerator of which is such Lender’s Commitment and the denominator of which is the aggregate Commitments of all Lenders (if the Commitments have terminated or expired, the Applicable Percentages shall be determined based upon the Commitments most recently in effect, giving effect to any assignments); provided that in the case of Section 2.24 when a Defaulting Lender shall exist, any such Defaulting Lender’s Commitment shall be disregarded in the calculation.
“Applicable Pledge Percentage” means a 65% pledge by the Company or any Domestic Subsidiary of its Equity Interests in an Affected Foreign Subsidiary.
“Applicable Rate” means, for any day, with respect to any ABR Loan or Term SOFR Loan, or with respect to the commitment fees payable hereunder, as the case may be, the applicable rate per annum set forth below under the caption “ABR Spread”, “Term SOFR and
Foreign Currency Spread”, or “Commitment Fee Rate”, as the case may be, based upon the Leverage Ratio for the then most recently completed four fiscal quarter period as reflected in the then most recently delivered Financials but subject to the following:
| | | | | | | | | | | | | | |
Category | Leverage Ratio: | ABR Spread | Term SOFR and Foreign Currency Spread | Commitment Fee Rate |
1 | Leverage Ratio is greater than or equal to 2.50:1.00 | 0.75% | 1.75% | 0.25% |
2 | Leverage Ratio is greater than or equal to 1.75:1.00 but less than 2.50:1.00 | 0.50% | 1.50% | 0.20% |
3 | Leverage Ratio is greater than or equal to 1.00:1.00 but less than 1.75:1.00 | 0.25% | 1.25% | 0.20% |
4 | Leverage Ratio is less than 1.00:1.00 | 0.00% | 1.00% | 0.15% |
For purposes of the foregoing,
(v) if the Company fails to deliver the Financials to the Administrative Agent at the time required pursuant to Section 5.01, then Category 1 above shall be deemed to be applicable until the first Business Day of the calendar month immediately following the date on which such Financials are so received by the Administrative Agent;
(vi) adjustments, if any, to the Applicable Rate shall be effective on the first Business Day of the calendar month immediately following the date on which the Administrative Agent has received the applicable Financials;
(vii) each determination of the Applicable Rate made by the Administrative Agent in accordance with the foregoing shall be conclusive and binding on the Company and each Lender (absent manifest error); and
(viii) notwithstanding anything herein to the contrary, from the Effective Date to but not including the fifth (5th) Business Day following receipt of the Company’s financial
statements delivered pursuant to Section 5.01 for the fiscal quarter ending December 31, 2018, Category 4 above shall be deemed applicable.
“Approved Fund” has the meaning assigned to such term in Section 9.04.
“Assignment and Assumption” means an assignment and assumption agreement entered into by a Lender and an assignee (with the consent of any party whose consent is required by Section 9.04), and accepted by the Administrative Agent, in the form of Exhibit A or any other form approved by the Administrative Agent.
“AUD Rate” means, for any Loans denominated in Australian Dollars, the AUD Screen Rate.
“AUD Screen Rate” means, denominated in Australian Dollars, the rate per annum equal to the Bank Bill Swap Reference Bid Rate (“BBSY”), or a comparable or successor rate which rate is approved by the Administrative Agent, as published on the applicable Bloomberg screen page (or such other commercially available source providing such quotations as may be designated by the Administrative Agent from time to time) at or about 10:30 a.m. (Melbourne, Australia time) on the Quotation Day with a term equivalent to such Interest Period.
“Augmenting Lender” has the meaning assigned to such term in Section 2.20.
“Australian Dollars” means the lawful currency of Australia.
“Availability” has the meaning assigned to such term in Section 6.06.
“Availability Period” means the period from and including the Effective Date to but excluding the earlier of the Termination Date and the date of termination of the Commitments pursuant to the terms hereof.
“Bail-In Action” means the exercise of any Write-Down and Conversion Powers by the applicable Resolution Authority in respect of any liability of an Affected Financial Institution.
“Bail-In Legislation” means, (a) with respect to any EEA Member Country implementing Article 55 of Directive 2014/59/EU of the European Parliament and of the Council of the European Union, the implementing law, rule, regulation or requirement for such EEA Member Country from time to time which is described in the EU Bail-In Legislation Schedule, and (b) with respect to the United Kingdom, Part I of the United Kingdom Banking Act 2009 (as amended from time to time) and any other law, regulation or rule applicable in the United Kingdom relating to the resolution of unsound or failing banks, investment firms or other financial institutions or their affiliates (other than through liquidation, administration or other insolvency proceedings).
“Banking Services” means each and any of the following bank services provided to the Company or any Subsidiary by any Lender or any of its Affiliates: (a) credit cards for commercial customers (including, without limitation, commercial credit cards and purchasing
cards), (b) stored value cards, (c) merchant processing services and (d) treasury management services (including, without limitation, controlled disbursement, automated clearinghouse transactions, return items, any direct debit scheme or arrangement, overdrafts and interstate depository network services).
“Banking Services Agreement” means any agreement entered into by the Company or any Subsidiary in connection with Banking Services.
“Banking Services Obligations” means any and all obligations of the Company or any Subsidiary, whether absolute or contingent and howsoever and whensoever created, arising, evidenced or acquired (including all renewals, extensions and modifications thereof and substitutions therefor) in connection with Banking Services.
“Bankruptcy Event” means, with respect to any Person, such Person becomes the subject of a bankruptcy or insolvency proceeding, or has had a receiver, conservator, trustee, administrator, custodian, assignee for the benefit of creditors or similar Person charged with the reorganization or liquidation of its business appointed for it, or, in the good faith determination of the Administrative Agent, has taken any action in furtherance of, or indicating its consent to, approval of, or acquiescence in, any such proceeding or appointment, provided that a Bankruptcy Event shall not result solely by virtue of any ownership interest, or the acquisition of any ownership interest, in such Person by a Governmental Authority or instrumentality thereof, provided, further, that such ownership interest does not result in or provide such Person with immunity from the jurisdiction of courts within the United States or from the enforcement of judgments or writs of attachment on its assets or permit such Person (or such Governmental Authority or instrumentality) to reject, repudiate, disavow or disaffirm any contracts or agreements made by such Person.
“Beneficial Ownership Certification” means a certification regarding beneficial ownership as required by the Beneficial Ownership Regulation.
“Beneficial Ownership Regulation” means 31 C.F.R. § 1010.230.
“Benefit Plan” means any of (a) an “employee benefit plan” (as defined in ERISA) that is subject to Title I of ERISA, (b) a “plan” as defined in and subject to Section 4975 of the Code or (c) any Person whose assets include (for purposes of ERISA Section 3(42) or otherwise for purposes of Title I of ERISA or Section 4975 of the Code) the assets of any such “employee benefit plan” or “plan”.
“BHC Act Affiliate” has the meaning specified in Section 9.20(b).
“Board” means the Board of Governors of the Federal Reserve System of the United States of America.
“Borrower” means the Company or any Foreign Subsidiary Borrower.
“Borrowing” means (a) Revolving Loans of the same Type, made, converted or continued on the same date to the same Borrower and, in the case of Term SOFR Loans, in the
same Agreed Currency and as to which a single Interest Period is in effect or (b) a Swingline Loan.
“Borrowing Request” means a notice of (a) a Borrowing, (b) a conversion of Revolving Loans from one Type to the other, or (c) a continuation of Term SOFR Loans, pursuant to Section 2.08, which shall be substantially in the form of Exhibit B-1 or such other form as may be approved by the Administrative Agent (including any form on an electronic platform or electronic transmission system as shall be approved by the Administrative Agent), appropriately completed and signed by a Responsible Officer of a Borrower.
“Borrowing Subsidiary Agreement” means a Borrowing Subsidiary Agreement substantially in the form of Exhibit G-1.
“Borrowing Subsidiary Termination” means a Borrowing Subsidiary Termination substantially in the form of Exhibit G-2.
“British Pounds Sterling” means the lawful currency of the United Kingdom.
“Business Day” means any day other than a Saturday, Sunday or other day on which commercial banks are authorized to close under the laws of, or are in fact closed in, the state where the Administrative Agent’s Office is located; provided that:
(a) if such day relates to any interest rate settings as to a Foreign Currency Loan denominated in Euro, any fundings, disbursements, settlements and payments in Euro in respect of any such Foreign Currency Loan, or any other dealings in Euro to be carried out pursuant to this Agreement in respect of any such Foreign Currency Loan, means a Business Day that is also a TARGET Day;
(b) if such day relates to any interest rate settings as to a Foreign Currency Loan denominated in British Pounds Sterling, means a day other than a day banks are closed for general business in London because such day is a Saturday, Sunday or a legal holiday under the laws of the United Kingdom; and
(c) if such day relates to any fundings, disbursements, settlements and payments in a currency other than Euro in respect of a Foreign Currency Loan denominated in a currency other than Euro, or any other dealings in any currency other than Euro to be carried out pursuant to this Agreement in respect of any such Foreign Currency Loan (other than any interest rate settings), means any such day on which banks are open for foreign exchange business in the principal financial center of the country of such currency.
“Capital Expenditures” means, without duplication, any expenditures for any purchase or other acquisition of any asset which would be classified as a fixed or capital asset on a consolidated balance sheet of the Company and its Subsidiaries prepared in accordance with GAAP, subject to Section 1.04.
“Capital Lease Obligations” of any Person means the obligations of such Person to pay rent or other amounts under any lease of (or other arrangement conveying the right to use)
personal property, which obligations are required to be classified and accounted for as capital leases on a balance sheet of such Person under GAAP, and the amount of such obligations shall be the capitalized amount thereof determined in accordance with GAAP, subject to Section 1.04.
“Capital Stock” means (i) in the case of a corporation, corporate stock, (ii) in the case of an association or business entity, any and all shares, interests, participations, rights or other equivalents (however designated) of corporate stock, (iii) in the case of a partnership, partnership interests (whether general or limited) and (iv) any other interest or participation that confers on a Person the right to receive a share of the profits and losses of, or distributions of assets of, the issuing Person.
“Cash Pooling Arrangement” means any netting or set-off arrangement entered into by the Company or any Subsidiary in the ordinary course of its business for the purpose of netting debit and credit balances (including pursuant to cash pooling arrangements in respect of pooled deposit or sweep accounts).
“CFC” means a “controlled foreign corporation” within the meaning of Section 957 of the Code of which the Company or any of its Subsidiaries is a “United States Shareholder” within the meaning of Section 951 of the Code.
“Change in Control” means (a) the acquisition of ownership, directly or indirectly, beneficially or of record, by any Person or group (within the meaning of the Securities Exchange Act of 1934 and the rules of the SEC thereunder as in effect on the Effective Date), of Equity Interests representing more than 30% of the aggregate ordinary voting power represented by the issued and outstanding Equity Interests of the Company (on a fully diluted basis and taking into account any securities or contract rights exercisable, exchangeable or convertible into Equity Interests); (b) occupation of a majority of the seats (other than vacant seats) on the board of directors of the Company by Persons who were neither (i) nominated or approved by the board of directors of the Company nor (ii) appointed by directors so nominated or approved; (c) the acquisition of direct or indirect Control of the Company by any Person or group; (d) the Company ceases to own, directly or indirectly, and Control 100% (other than directors’ qualifying shares) of the ordinary voting and economic power of any Foreign Subsidiary Borrower; or (e) the occurrence of a “change of control”, “fundamental change” or similar occurrence in respect of Permitted Convertible Indebtedness, Permitted Bond Hedge Transactions or Permitted Warrant Transactions and giving rise to a right to payment or purchase prior to scheduled maturity or an exercise of rights and remedies thereunder or in respect thereof.
“Change in Law” means the occurrence, after the Effective Date (or with respect to any Lender, if later, the date on which such Lender becomes a Lender), of any of the following: (a) the adoption or taking effect of any law, rule, regulation or treaty, (b) any change in any law, rule, regulation or treaty or in the administration, interpretation, implementation or application thereof by any Governmental Authority, or (c) the making or issuance of any request, rules, guideline, requirement or directive (whether or not having the force of law) by any Governmental Authority; provided however, that notwithstanding anything herein to the contrary, (i) the Dodd-Frank Wall Street Reform and Consumer Protection Act and all requests, rules, guidelines, requirements and directives thereunder, issued in connection therewith or in
implementation thereof, and (ii) all requests, rules, guidelines, requirements and directives promulgated by the Bank for International Settlements, the Basel Committee on Banking Supervision (or any successor or similar authority) or the United States or foreign regulatory authorities, in each case pursuant to Basel III, shall in each case be deemed to be a “Change in Law” regardless of the date enacted, adopted, issued or implemented.
“CME” means CME Group Benchmark Administration Limited.
“Code” means the Internal Revenue Code of 1986.
“Collateral” means all pledged Equity Interests in or upon which a security interest or Lien is from time to time granted to the Administrative Agent, for the benefit of the Holders of Secured Obligations, whether under the Pledge Agreements, under any of the other Collateral Documents or under any of the other Loan Documents.
“Collateral Documents” means all agreements, instruments and documents executed in connection with this Agreement pursuant to which the Administrative Agent is granted a security interest in Collateral, including, without limitation, the Pledge Agreements and all other security agreements, loan agreements, notes, guarantees, subordination agreements, pledges, powers of attorney, consents, assignments, contracts, fee letters, notices, leases, financing statements and all other written matter whether heretofore, now, or hereafter executed by or on behalf of the Company or any of its Subsidiaries and delivered to the Administrative Agent or any of the Lenders, together with all agreements and documents referred to therein or contemplated thereby.
“Commitment” means, with respect to each Lender, the commitment, if any, to make Revolving Loans and to acquire participations in Letters of Credit and Swingline Loans hereunder, expressed as an amount representing the maximum aggregate amount of such Lender’s Credit Exposure hereunder, as such commitment may be (a) reduced or terminated from time to time pursuant to Section 2.09, (b) increased from time to time pursuant to Section 2.20 and (c) reduced or increased from time to time pursuant to assignments by or to such Lender pursuant to Section 9.04. The amount of each Lender’s Commitment on the Effective Date is set forth on Schedule 2.01. The aggregate amount of the Commitments on the Third Amendment Effective Date is $100,000,000.
“Commodity Exchange Act” means the Commodity Exchange Act (7 U.S.C. § 1 et seq.), as amended from time to time, and any successor statute.
“Communication” means this Agreement, any Loan Document and any document, amendment, approval, consent, information, notice, certificate, request, statement, disclosure or authorization related to any Loan Document.
“Company” means Heidrick & Struggles International, Inc., a Delaware corporation.
“Computation Date” means (a) with respect to any Loan, each of the following: (i) each date of a Borrowing of a Foreign Currency Term Rate Loan, (ii) each date of a
continuation of a Foreign Currency Term Rate Loan, pursuant to Section 2.08, and (iii) such additional dates as the Administrative Agent shall determine or the Required Lenders shall require; and (b) with respect to any Letter of Credit, each of the following: (i) each date of issuance, amendment and/or extension of a Letter of Credit denominated in a Foreign Currency, (ii) each date of any payment by any Issuing Bank under any Letter of Credit denominated in a Foreign Currency, (iii) in the case of all Existing Letters of Credit denominated in a Foreign Currency, the Effective Date, and (iv) such additional dates as the Administrative Agent or any Issuing Bank shall determine or the Required Lenders shall require.
“Conforming Changes” means, with respect to the use, administration of or any conventions associated with SOFR, SONIA or any proposed Successor Rate for an Agreed Currency or Term SOFR, as applicable, any conforming changes to the definitions of “Alternate Base Rate”, “SOFR”, “Term SOFR”, “SONIA” and “Interest Period”, timing and frequency of determining rates and making payments of interest and other technical, administrative or operational matters (including, for the avoidance of doubt, the definitions of “Business Day” and “U.S. Government Securities Business Day”, timing of borrowing requests or prepayment, conversion or continuation notices and length of lookback periods) as may be appropriate, in the discretion of the Administrative Agent, to reflect the adoption and implementation of such applicable rate(s) and to permit the administration thereof by the Administrative Agent in a manner substantially consistent with market practice for such Agreed Currency (or, if the Administrative Agent determines that adoption of any portion of such market practice is not administratively feasible or that no market practice for the administration of such rate for such Agreed Currency exists, in such other manner of administration as the Administrative Agent determines is reasonably necessary in connection with the administration of this Agreement and any other Loan Document).
“Connection Income Taxes” means Other Connection Taxes that are imposed on or measured by net income (however denominated) or that are franchise Taxes or branch profits Taxes.
“Consolidated EBITDA” means Consolidated Operating Income plus, (i) Consolidated Interest Income, (ii) depreciation, (iii) amortization, (iv) to the extent deducted in computing Consolidated Operating Income, fees, costs and expenses related to the Transactions, incurred within sixty (60) days after the Effective Date, and (v) to the extent deducted in computing Consolidated Operating Income, (A) cash restructuring charges and integration expenses incurred by the Company in an aggregate amount not to exceed $25,000,000 during the period of four consecutive fiscal quarters most recently ended and (B) non-cash charges, expenses or losses, including non-cash losses recorded in connection with the settlement, extinguishment or conversion of the Permitted Convertible Indebtedness, and minus, to the extent included in computing Consolidated Operating Income, all non-cash income or gains, including non-cash gains recorded in connection with the settlement, extinguishment or conversion of the Permitted Convertible Indebtedness, all calculated for the Company and its Subsidiaries in accordance with GAAP on a consolidated basis for the applicable period.
“Consolidated Interest Coverage Ratio” is defined in Section 6.11.1.
“Consolidated Interest Expense” means, with reference to any period, the interest expense (including without limitation interest expense under Capital Lease Obligations that is treated as interest in accordance with GAAP) of the Company and its Subsidiaries calculated on a consolidated basis for such period.
“Consolidated Interest Income” means, with reference to any period, the interest income of the Company and its Subsidiaries calculated in accordance with GAAP on a consolidated basis.
“Consolidated Operating Expense” means, with reference to any period, expenses related to salaries, employee benefits and general and administrative expenses, all calculated for the Company and its Subsidiaries on a consolidated basis for such period and otherwise in accordance with GAAP.
“Consolidated Operating Income” means, with reference to any period, the gross revenues less Consolidated Operating Expense, all calculated for the Company and its Subsidiaries on a consolidated basis for such period and as calculated in the manner disclosed by the Company in its Annual Report on Form 10-K for the fiscal year ended December 31, 2023.
“Consolidated Total Indebtedness” means at any time the aggregate Indebtedness of the Company and its Subsidiaries calculated on a consolidated basis as of such time in accordance with GAAP.
“Control” means the possession, directly or indirectly, of the power to direct or cause the direction of the management or policies of a Person, whether through the ability to exercise voting power, by contract or otherwise. The terms “Controlling” and “Controlled” have meanings correlative thereto.
“Convertible Indebtedness Maturity Date” means the scheduled maturity date of any series or class of Permitted Convertible Indebtedness.
“Covered Entity” has the meaning specified in Section 9.20(b).
“Covered Party” has the meaning specified in Section 9.20(a).
“Credit Event” means a Borrowing, the issuance, amendment, renewal or extension of a Letter of Credit, an LC Disbursement or any of the foregoing.
“Credit Exposure” means, with respect to any Lender at any time, the sum of the outstanding principal amount of such Lender’s Revolving Loans, its LC Exposure and its participation in Swingline Loans at such time.
“Credit Party” means the Administrative Agent, any Issuing Bank, the Swingline Lender or any other Lender (including Designated Lenders).
“CRR” means the Regulation (EU) No 575/2013 of the European Parliament and of the Council of 26 June 2013 on prudential requirements for credit institutions and investment firms and amending Regulation (EU) No 648/2012.
“Daily Simple SOFR” with respect to any applicable determination date means the SOFR published on such date on the Federal Reserve Bank of New York’s website (or any successor source).
“Default” means any event or condition which constitutes an Event of Default or which upon notice, lapse of time or both would, unless cured or waived, become an Event of Default.
“Default Right” has the meaning specified in Section 9.20(b).
“Defaulting Lender” means any Lender that (a) has failed, within two (2) Business Days of the date required to be funded or paid, to (i) fund any portion of its Loans, (ii) fund any portion of its participations in Letters of Credit or Swingline Loans or (iii) pay over to any Credit Party any other amount required to be paid by it hereunder, unless, in the case of clause (i) above, such Lender notifies the Administrative Agent in writing that such failure is the result of such Lender’s good faith determination that a condition precedent to funding (specifically identified and including the particular default, if any) has not been satisfied, (b) has notified the Company or any Credit Party in writing, or has made a public statement to the effect, that it does not intend or expect to comply with any of its funding obligations under this Agreement (unless such writing or public statement indicates that such position is based on such Lender’s good faith determination that a condition precedent (specifically identified and including the particular default, if any) to funding a loan under this Agreement cannot be satisfied) or generally under other agreements in which it commits to extend credit, (c) has failed, within three (3) Business Days after request by a Credit Party, acting in good faith, to provide a certification in writing from an authorized officer of such Lender that it will comply with its obligations (and is financially able to meet such obligations) to fund prospective Loans and participations in then outstanding Letters of Credit and Swingline Loans under this Agreement, provided that such Lender shall cease to be a Defaulting Lender pursuant to this clause (c) upon such Credit Party’s receipt of such certification in form and substance satisfactory to it and the Administrative Agent, or (d) has become the subject of (i) a Bankruptcy Event or (ii) a Bail-In Action; provided that a Lender shall not be a Defaulting Lender solely by virtue of the ownership or acquisition of any Equity Interest in that Lender or any direct or indirect parent company thereof by a Governmental Authority so long as such ownership interest does not result in or provide such Lender with immunity from the jurisdiction of courts within the United States or from the enforcement of judgments or writs of attachment on its assets or permit such Lender (or such Governmental Authority) to reject, repudiate, disavow or disaffirm any contracts or agreements made with such Lender. Any determination by the Administrative Agent that a Lender is a Defaulting Lender shall be conclusive and binding absent manifest error, and such Lender shall be deemed to be a Defaulting Lender (subject to the last sentence of Section 2.24) upon delivery of written notice of such determination to the Company, each Issuing Bank, the Swingline Lender and each Lender. The Administrative Agent shall use commercially reasonable efforts to provide such notice to such Persons upon making such determination.
“Delaware LLC” means any limited liability company organized or formed under the laws of the State of Delaware.
“Delaware Divided LLC” means any Delaware LLC which has been formed upon the consummation of a Delaware LLC Division.
“Delaware LLC Division” means the statutory division of any Delaware LLC into two or more Delaware LLCs pursuant to Section 18-217 of the Delaware Limited Liability Company Act.
“Designated Lender” shall have the meaning set forth in Section 2.25.
“Disclosed Matters” means the actions, suits and proceedings and the environmental matters disclosed in Schedule 3.06 or as otherwise disclosed by the Company in its Annual Report on Form 10-K for the year ended December 31, 2017 and Quarterly Reports on Form 10-Q for the fiscal quarters ended March 31, 2018 and June 30, 2018.
“Disqualified Institution” means, on any date, (a) any Person designated by the Company as a “Disqualified Institution” by written notice delivered to the Administrative Agent on or prior to the Effective Date and (b) any other Person that is a competitor of the Company or any of its Subsidiaries, which Person has been designated by the Company as a “Disqualified Institution” by written notice to the Administrative Agent and the Lenders (by posting such notice to the Platform) not less than two (2) Business Days prior to such date; provided that “Disqualified Institutions” shall exclude any Person that the Company has designated as no longer being a “Disqualified Institution” by written notice delivered to the Administrative Agent and the Lenders from time to time.
“Documentation Agent” means HSBC Bank USA, National Association, in its capacity as documentation agent for the credit facilities evidenced by this Agreement.
“Dollar Amount” of any currency at any date shall mean (i) the amount of such currency if such currency is Dollars or (ii) the equivalent amount thereof in Dollars if such currency is a Foreign Currency, calculated on the basis of the Exchange Rate for such currency, on or as of the most recent Computation Date.
“Dollars” or “$” refers to lawful money of the United States of America.
“Domestic Subsidiary” means a Subsidiary organized under the laws of a jurisdiction located in the United States of America.
“Dutch Borrower” means (i) Heidrick & Struggles B.V., a private company with limited liability (“besloten vennootschap met beperkte aansprakelijkheid”) incorporated under the laws of the Netherlands having its corporate seat (statutaire zetel) in Amsterdam, the Netherlands, its registered office at Gustav Mahlerlaan 1244, Noma House eleventh floor, 1081 LA Amsterdam and registered with the Dutch Chamber of Commerce under number 33277877 and (ii) any other Borrower that is organized under the laws of the Netherlands.
“Dutch Non-Public Lender” means: (i) until the publication of an interpretation of “public” as referred to in the CRR by the competent authority/ies: an entity which (x) assumes existing rights and/or obligations vis-à-vis a Dutch Borrower, the value of which is at least
€100,000 (or its equivalent in another currency), (y) provides repayable funds for an initial amount of at least €100,000 (or its equivalent in another currency) or (z) otherwise qualifies as not forming part of the public; and (ii) as soon as the interpretation of the term “public” as referred to in the CRR has been published by the relevant authority/ies: an entity which is not considered to form part of the public on the basis of such interpretation.
“ECP” means an “eligible contract participant” as defined in Section 1(a)(18) of the Commodity Exchange Act or any regulations promulgated thereunder and the applicable rules issued by the Commodity Futures Trading Commission and/or the SEC.
“EEA Financial Institution” means (a) any credit institution or investment firm established in any EEA Member Country which is subject to the supervision of an EEA Resolution Authority, (b) any entity established in an EEA Member Country which is a parent of an institution described in clause (a) of this definition, or (c) any financial institution established in an EEA Member Country which is a Subsidiary of an institution described in clauses (a) or (b) of this definition and is subject to consolidated supervision with its parent.
“EEA Member Country” means any of the member states of the European Union, Iceland, Liechtenstein, and Norway.
“EEA Resolution Authority” means any public administrative authority or any Person entrusted with public administrative authority of any EEA Member Country (including any delegee) having responsibility for the resolution of any EEA Financial Institution.
“Effective Date” means October 26, 2018.
“Electronic Record” and “Electronic Signature” shall have the meanings assigned to them, respectively, by 15 USC §7006, as it may be amended from time to time.
“Electronic System” means any electronic system, including e-mail, e-fax, Intralinks®, ClearPar®, Debt Domain, Syndtrak and any other Internet or extranet-based site, whether such electronic system is owned, operated or hosted by the Administrative Agent and any Issuing Bank and any of its respective Related Parties or any other Person, providing for access to data protected by passcodes or other security system.
“Eligible Foreign Subsidiary” means (i) Heidrick & Struggles B.V., a private company with limited liability (“besloten vennootschap met beperkte aansprakelijkheid”) incorporated under the laws of the Netherlands having its corporate seat (statutaire zetel) in Amsterdam, the Netherlands, its registered office at Gustav Mahlerlaan 1244, Noma House eleventh floor, 1081LA Amsterdam and registered with the Dutch Chamber of Commerce under number 33277877 and (ii) any other Foreign Subsidiary that is approved from time to time by the Administrative Agent and each of the Lenders.
“Environmental Laws” means all laws, rules, regulations, codes, ordinances, orders, decrees, judgments, injunctions, notices or binding agreements issued, promulgated or entered into by any Governmental Authority, relating in any way to the environment,
preservation or reclamation of natural resources, the management, release or threatened release of any Hazardous Material or to health and safety matters.
“Environmental Liability” means any liability, contingent or otherwise (including any liability for damages, costs of environmental remediation, fines, penalties or indemnities), of the Company or any Subsidiary directly or indirectly resulting from or based upon (a) violation of any Environmental Law, (b) the generation, use, handling, transportation, storage, treatment or disposal of any Hazardous Materials, (c) exposure to any Hazardous Materials, (d) the release or threatened release of any Hazardous Materials into the environment or (e) any contract, agreement or other consensual arrangement pursuant to which liability is assumed or imposed with respect to any of the foregoing.
“Equity Interests” means shares of Capital Stock, partnership interests, membership interests in a limited liability company, beneficial interests in a trust or other equity ownership interests in a Person, and any warrants, options or other rights entitling the holder thereof to purchase or acquire any of the foregoing. For the avoidance of doubt, “Equity Interests” shall not include (x) Permitted Convertible Indebtedness until such time as such Indebtedness is converted into or exchanged for Capital Stock and such Capital Stock has been delivered by the Company to converting or exchanging holders or (y) Permitted Warrant Transactions.
“Equivalent Amount” of any currency with respect to any amount of Dollars at any date shall mean the equivalent in such currency of such amount of Dollars, calculated on the basis of the Exchange Rate for such other currency at 11:00 a.m., New York City time, on the date on or as of which such amount is to be determined.
“ERISA” means the Employee Retirement Income Security Act of 1974, as amended from time to time.
“ERISA Affiliate” means any trade or business (whether or not incorporated) that, together with the Company, is treated as a single employer under Section 414(b) or (c) of the Code or, solely for purposes of Section 302 of ERISA and Section 412 of the Code, is treated as a single employer under Section 414 of the Code.
“ERISA Event” means (a) any “reportable event”, as defined in Section 4043 of ERISA or the regulations issued thereunder with respect to a Plan (other than an event for which the 30-day notice period is waived); (b) the existence with respect to any Plan of an “accumulated funding deficiency” (as defined in Section 412 of the Code or Section 302 of ERISA), whether or not waived; (c) the filing pursuant to Section 412(d) of the Code or Section 303(d) of ERISA of an application for a waiver of the minimum funding standard with respect to any Plan; (d) the incurrence by the Company or any of its ERISA Affiliates of any liability under Title IV of ERISA with respect to the termination of any Plan; (e) the receipt by the Company or any ERISA Affiliate from the PBGC or a plan administrator of any notice relating to an intention to terminate any Plan or Plans or to appoint a trustee to administer any Plan; (f) the incurrence by the Company or any of its ERISA Affiliates of any liability with respect to the withdrawal or partial withdrawal of the Company or any of its ERISA Affiliates from any Plan or
Multiemployer Plan; or (g) the receipt by the Company or any ERISA Affiliate of any notice, or the receipt by any Multiemployer Plan from the Company or any ERISA Affiliate of any notice, concerning the imposition upon the Company or any of its ERISA Affiliates of Withdrawal Liability or a determination that a Multiemployer Plan is, or is expected to be, insolvent, within the meaning of Title IV of ERISA.
“EU Bail-In Legislation Schedule” means the EU Bail-In Legislation Schedule published by the Loan Market Association (or any successor person), as in effect from time to time.
“Euro” and/or “EUR” means the single currency of the Participating Member States.
“Eurocurrency Payment Office” of the Administrative Agent shall mean, for each Foreign Currency, the office, branch, affiliate or correspondent bank of the Administrative Agent for such currency as specified from time to time by the Administrative Agent to the Company and each Lender.
“Event of Default” has the meaning assigned to such term in Article VII.
“Exchange Rate” means, on any day, with respect to any Foreign Currency, the rate at which such Foreign Currency may be exchanged into Dollars, as set forth at approximately 11:00 a.m., Local Time, on such date on the Reuters World Currency Page for such Foreign Currency. In the event that such rate does not appear on any Reuters World Currency Page, the Exchange Rate with respect to such Foreign Currency shall be determined by reference to such other publicly available service for displaying exchange rates as may be reasonably selected by the Administrative Agent or, in the event no such service is selected, such Exchange Rate shall instead be calculated on the basis of the arithmetical mean of the buy and sell spot rates of exchange of the Administrative Agent for such Foreign Currency on the London market at 11:00 a.m., Local Time, on such date for the purchase of Dollars with such Foreign Currency, for delivery two Business Days later; provided, that if at the time of any such determination, for any reason, no such spot rate is being quoted, the Administrative Agent, after consultation with the Company, may use any reasonable method it deems appropriate to determine such rate, and such determination shall be conclusive absent manifest error.
“Excluded Swap Obligation” means, with respect to any Loan Party, any Specified Swap Obligation if, and to the extent that, all or a portion of the Guarantee of such Loan Party of, or the grant by such Loan Party of a security interest to secure, such Specified Swap Obligation (or any Guarantee thereof) is or becomes illegal under the Commodity Exchange Act or any rule, regulation or order of the Commodity Futures Trading Commission (or the application or official interpretation of any thereof) by virtue of such Loan Party’s failure for any reason to constitute an ECP at the time the Guarantee of such Loan Party or the grant of such security interest becomes effective with respect to such Specified Swap Obligation. If a Specified Swap Obligation arises under a master agreement governing more than one swap, such exclusion shall apply only to the portion of such Specified Swap Obligation that is attributable to swaps for which such Guarantee or security interest is or becomes illegal.
“Excluded Taxes” means, with respect to any payment made by any Loan Party under any Loan Document, any of the following Taxes imposed on or with respect to a Recipient:
(a) Taxes imposed on or measured by net income (however denominated), franchise Taxes and branch profits Taxes, in each case, (i) imposed by the jurisdiction (or any political subdivision thereof) under the laws of which such Recipient is organized, in which its principal office is located, or, in the case of any Lender, in which its applicable lending office is located; or (ii) that are Other Connection Taxes;
(b) in the case of a Lender, U.S. federal withholding Taxes imposed on amounts payable to or for the account of such Lender with respect to an applicable interest in any Loan Document pursuant to a law in effect on the date on which (i) such Lender acquires such interest in such Loan Document (other than pursuant to an assignment request by any Borrower under Section 2.19(b)) or (ii) such Lender changes its lending office, except in each case to the extent that, pursuant to Section 2.17(a), amounts with respect to such Taxes were payable either to such Lender’s assignor immediately before such Lender became a party hereto or to such Lender immediately before it changed its lending office;
(c) Taxes attributable to such Recipient’s failure to comply with Section 2.17(f); and
(d) U.S. federal withholding Taxes imposed under FATCA.
“Existing Credit Agreement” means that certain Second Amended and Restated Credit Agreement, dated as of June 30, 2015, as amended prior to the Effective Date, by and among the Borrowers, the lenders party thereto and JPMorgan Chase Bank, N.A., as administrative agent.
“Extended Letter of Credit” means a Letter of Credit that, upon the Company’s request and the relevant Issuing Bank’s approval, shall have an expiry date later than the Termination Date.
“FATCA” means Sections 1471 through 1474 of the Code, as of the Effective Date (or any amended or successor version that is substantively comparable and not materially more onerous to comply with), any current or future regulations or official interpretations thereof and any agreement entered into pursuant to Section 1471(b)(1) of the Code, any intergovernmental agreement entered into in connection with the implementation of such sections of the Code, and any official interpretations thereof.
“Federal Funds Effective Rate” means, for any day, the weighted average (rounded upwards, if necessary, to the next 1/100 of 1%) of the rates on overnight Federal funds transactions with members of the Federal Reserve System, as published on the next succeeding Business Day by the Federal Reserve Bank of New York, or, if such rate is not so published for any day that is a Business Day, the average (rounded upwards, if necessary, to the next 1/100 of 1%) of the quotations for such day for such transactions received by the Administrative Agent from three Federal funds brokers of recognized standing selected by it; provided, that, if the
Federal Funds Effective Rate shall be less than zero, such rate shall be deemed to be zero for purposes of this Agreement.
“Fee Letter” means the letter agreement, dated March 17, 2025, among the Borrowers, the Administrative Agent and BofA Securities, Inc.
“Financial Officer” means the chief financial officer, principal accounting officer, treasurer or controller of the Company.
“Financials” means the annual or quarterly financial statements, and accompanying certificates and other documents, of the Company and its Subsidiaries required to be delivered pursuant to Section 5.01(a) or 5.01(b).
“First Amendment Effective Date” means July 13, 2021.
“First Tier Foreign Subsidiary” means each Foreign Subsidiary with respect to which any one or more of the Company and its Domestic Subsidiaries directly owns or Controls more than 50% of such Foreign Subsidiary’s issued and outstanding Equity Interests.
“Foreign Currencies” means Agreed Currencies other than Dollars.
“Foreign Currency Daily Rate” means, for any day, with respect to any Credit Event:
denominated in British Pounds Sterling, the rate per annum equal to SONIA determined pursuant to the definition thereof plus the SONIA Adjustment; and
denominated in any other Foreign Currency (to the extent such Loans denominated in such currency will bear interest at a daily rate), the daily rate per annum as designated with respect to such Foreign Currency at the time such Foreign Currency is approved by the Administrative Agent and each Lender plus the adjustment (if any) determined by the Administrative Agent and each Lender;
provided, that, if any Foreign Currency Daily Rate shall be less than zero, such rate shall be deemed zero for purposes of this Agreement. Any change in a Foreign Currency Daily Rate shall be effective from and including the date of such change without further notice.
“Foreign Currency Daily Rate Loan” means a Revolving Loan that bears interest at a rate based on the definition of “Foreign Currency Daily Rate.” All Foreign Currency Daily Rate Loans must be denominated in a Foreign Currency.
“Foreign Currency LC Exposure” means, at any time, the sum of (a) the Dollar Amount of the aggregate undrawn and unexpired amount of all outstanding Foreign Currency Letters of Credit at such time plus (b) the aggregate principal Dollar Amount of all LC Disbursements in respect of Foreign Currency Letters of Credit that have not yet been reimbursed at such time.
“Foreign Currency Letter of Credit” means a Letter of Credit denominated in a Foreign Currency.
“Foreign Currency Loan” means a Foreign Currency Daily Rate Loan or a Foreign Currency Term Rate Loan, as applicable.
“Foreign Currency Successor Rate” has the meaning specified in Section 2.14(b).
“Foreign Currency Term Rate” means, for any Interest Period, with respect to any Credit Event:
(a) denominated in Euros, the rate per annum equal to the Euro Interbank Offered Rate (“EURIBOR”), as published on the applicable Reuters screen page (or such other commercially available source providing such quotations as may be designated by the Administrative Agent from time to time) on the day that is two TARGET Days preceding the first day of such Interest Period with a term equivalent to such Interest Period;
(b) denominated in Australian dollars, the rate per annum equal to the Bank Bill Swap Reference Bid Rate (“BBSY”), as published on the applicable Reuters screen page (or such other commercially available source providing such quotations as may be designated by the Administrative Agent from time to time) on the Quotation Day with a term equivalent to such Interest Period; and
(c) denominated in any other Foreign Currency (to the extent such Loans denominated in such currency will bear interest at a term rate), the term rate per annum as designated with respect to such Foreign Currency at the time such Foreign Currency is approved by the Administrative Agent and each Lender plus the adjustment (if any) determined by the Administrative Agent and each Lender;
provided, that, if any Foreign Currency Term Rate shall be less than zero, such rate shall be deemed zero for purposes of this Agreement.
“Foreign Currency Term Rate Loan” means a Loan that bears interest at a rate based on the definition of “Foreign Currency Term Rate.” All Foreign Currency Term Rate Loans must be denominated in a Foreign Currency.
“Foreign Subsidiary” means (a) a Subsidiary of the Company which is not a Domestic Subsidiary, (b) any Domestic Subsidiary that is a Subsidiary of any Subsidiary described in clause (a) of this definition, and (c) any Foreign Subsidiary Holdco.
“Foreign Subsidiary Borrower” means any Eligible Foreign Subsidiary that becomes a Foreign Subsidiary Borrower pursuant to Section 2.23 and that has not ceased to be a Foreign Subsidiary Borrower pursuant to such Section.
“Foreign Subsidiary Holdco” means any Domestic Subsidiary (a) substantially all of the assets of which consist of the Equity Interests or Indebtedness of one or more Foreign Subsidiaries that is a CFC and (b) that is treated as an entity disregarded as separate from its owner for U.S. federal income Tax purposes and substantially all of the assets of which consist of the Equity Interests or Indebtedness of one or more Foreign Subsidiaries that is a CFC.
“GAAP” means generally accepted accounting principles in the United States of America.
“Governmental Authority” means the government of the United States of America, any other nation or any political subdivision thereof, whether state or local, and any agency, authority, instrumentality, regulatory body, court, central bank or other entity exercising executive, legislative, judicial, taxing, regulatory or administrative powers or functions of or pertaining to government.
“Guarantee” of or by any Person (the “guarantor”) means any obligation, contingent or otherwise, of the guarantor guaranteeing or having the economic effect of guaranteeing any Indebtedness or other obligation of any other Person (the “primary obligor”) in any manner, whether directly or indirectly, and including any obligation of the guarantor, direct or indirect, (a) to purchase or pay (or advance or supply funds for the purchase or payment of) such Indebtedness or other obligation or to purchase (or to advance or supply funds for the purchase of) any security for the payment thereof, (b) to purchase or lease property, securities or services for the purpose of assuring the owner of such Indebtedness or other obligation of the payment thereof, (c) to maintain working capital, equity capital or any other financial statement condition or liquidity of the primary obligor so as to enable the primary obligor to pay such Indebtedness or other obligation or (d) as an account party in respect of any letter of credit or letter of guaranty issued to support such Indebtedness or obligation; provided, that the term Guarantee shall not include endorsements for collection or deposit in the ordinary course of business.
“Hazardous Materials” means all explosive or radioactive substances or wastes and all hazardous or toxic substances, wastes or other pollutants, including petroleum or petroleum distillates, asbestos or asbestos containing materials, polychlorinated biphenyls, radon gas, infectious or medical wastes and all other substances or wastes of any nature regulated pursuant to any Environmental Law.
“Holders of Secured Obligations” means the holders of the Obligations from time to time and shall include (i) each Lender and each Issuing Bank in respect of its Credit Events, (ii) the Administrative Agent and the Lenders in respect of all other present and future obligations and liabilities of the Company and each Subsidiary of every type and description arising under or in connection with the Credit Agreement or any other Loan Document, (iii) each Lender and Affiliate of such Lender in respect of Swap Agreements and Banking Services Agreements entered into with such Person by the Company or any Subsidiary, (iv) each indemnified party under Section 9.03 in respect of the obligations and liabilities of the Company to such Person hereunder and under the other Loan Documents, and (v) their respective successors and (in the case of a Lender, permitted) transferees and assigns.
“Hostile Acquisition” means (x) the acquisition of the Equity Interests of a Person through a tender offer or similar solicitation of the owners of such Equity Interests which has not been approved (prior to such acquisition) by resolutions of the Board of Directors (or any other applicable governing body) of such Person or by similar action if such Person is not a corporation and (y) any such acquisition as to which such approval has been withdrawn.
“Increasing Lender” has the meaning assigned to such term in Section 2.20.
“Indebtedness” of any Person means, without duplication and subject to Section 1.04(a), (a) all obligations of such Person for borrowed money or with respect to deposits or advances of any kind to such Person, (b) all obligations of such Person evidenced by bonds, debentures, notes or similar instruments, (c) all obligations of such Person upon which interest charges are customarily paid, (d) all obligations of such Person under conditional sale or other title retention agreements relating to property acquired by such Person, (e) all obligations of such Person in respect of the deferred purchase price of property or services (excluding current accounts payable incurred in the ordinary course of business), (f) all Indebtedness of others secured by (or for which the holder of such Indebtedness has an existing right, contingent or otherwise, to be secured by) any Lien on property owned or acquired by such Person, whether or not the Indebtedness secured thereby has been assumed (with the amount of such Indebtedness being the lesser of the amount secured and the fair market value of the property subject to such Lien), (g) all Guarantees by such Person of Indebtedness of others, (h) all Capital Lease Obligations of such Person, (i) all obligations, contingent or otherwise, of such Person as an account party in respect of letters of credit and letters of guaranty and (j) all obligations, contingent or otherwise, of such Person in respect of bankers’ acceptances. The Indebtedness of any Person shall include the Indebtedness of any other entity (including any partnership in which such Person is a general partner) to the extent such Person is liable therefor as a result of such Person’s ownership interest in or other relationship with such entity, except to the extent the terms of such Indebtedness provide that such Person is not liable therefor. For the avoidance of doubt, “Indebtedness” shall not include Permitted Bond Hedge Transactions or Permitted Warrant Transactions.
“Indemnified Taxes” means (a) Taxes, other than Excluded Taxes, imposed on or with respect to any payment made by any Loan Party under any Loan Document and (b) to the extent not otherwise described in clause (a), Other Taxes.
“Ineligible Institution” has the meaning assigned to such term in Section 9.04(b).
“Interest Election Request” means a request by the applicable Borrower to convert or continue a Borrowing in accordance with Section 2.08.
“Interest Payment Date” means (a) with respect to any ABR Loan (other than a Swingline Loan), the last day of each March, June, September and December and the Termination Date, (b) with respect to any Term SOFR Loan, the last day of the Interest Period applicable to the Borrowing of which such Loan is a part and, in the case of a Term SOFR Borrowing with an Interest Period of more than three months’ duration, each day prior to the last day of such Interest Period that occurs at intervals of three months’ duration after the first day of such Interest Period and the Termination Date, (c) as to any Foreign Currency Daily Rate Loan, the last Business Day of each March, June, September and December and the Termination Date, (d) with respect to any Swingline Loan, the day that such Loan is required to be repaid and the Termination Date and (e) as to any Foreign Currency Term Rate Loan, the last day of each Interest Period applicable to such Loan; provided, however, that if any Interest Period for a
Foreign Currency Term Rate Loan exceeds three months, the respective dates that fall every three months after the beginning of such Interest Period shall be Interest Payment Dates.
“Interest Period” means as to each Term SOFR Loan and Foreign Currency Term Rate Loan, the period commencing on the date such Loan is disbursed or converted to or continued as a Term SOFR Loan or Foreign Currency Term Rate Loan, as applicable, and ending on the date one, three or six months thereafter, as selected by the Borrower in its Loan Notice, or such other period that is twelve months or less requested by the Borrower and consented to by all the Lenders and the Administrative Agent (in the case of each requested Interest Period, subject to availability); provided that:
(a) any Interest Period that would otherwise end on a day that is not a Business Day shall be extended to the next succeeding Business Day unless, in the case of a Term SOFR Loan or a Foreign Currency Term Rate Loan only, such Business Day falls in another calendar month, in which case such Interest Period shall end on the next preceding Business Day; and
(b) any Interest Period pertaining to a Term SOFR Loan or a Foreign Currency Term Rate Loan that begins on the last Business Day of a calendar month (or on a day for which there is no numerically corresponding day in the calendar month at the end of such Interest Period) shall end on the last Business Day of the calendar month at the end of such Interest Period.
“Issuing Bank” means each of Bank of America, N.A. and any other Lender, that agrees to act as an Issuing Bank, which is reasonably acceptable to the Company and the Administrative Agent, each in its capacity as the issuer of Letters of Credit hereunder, and its successors in such capacity as provided in Section 2.06(i). Each Issuing Bank may, in its discretion, arrange for one or more Letters of Credit to be issued by Affiliates of such Issuing Bank, in which case the term “Issuing Bank” shall include any such Affiliate with respect to Letters of Credit issued by such Affiliate.
“LC Disbursement” means a payment made by an Issuing Bank pursuant to a Letter of Credit.
“LC Exposure” means, at any time, the sum of (a) the aggregate undrawn Dollar Amount of all outstanding Letters of Credit at such time plus (b) the aggregate Dollar Amount of all LC Disbursements that have not yet been reimbursed by or on behalf of the Company at such time. The LC Exposure of any Lender at any time shall be its Applicable Percentage of the total LC Exposure at such time.
“LC Sublimit” means $25,000,000, as the foregoing amount may be decreased or increased from time to time with the written consent of the Company, the Administrative Agent and the Issuing Banks.
“Lender Parent” means, with respect to any Lender, any Person as to which such Lender is, directly or indirectly, a subsidiary.
“Lender Parties” and “Lender Recipient Parties” mean, collectively, the Lenders, the Swingline Lender and the Issuing Banks.
“Lenders” means the Persons listed on Schedule 2.01 and any other Person that shall have become a Lender hereunder pursuant to Section 2.20 or pursuant to an Assignment and Assumption or other documentation contemplated hereby, other than any such Person that ceases to be a party hereto pursuant to an Assignment and Assumption or other documentation contemplated hereby. Unless the context otherwise requires, the term “Lenders” includes the Issuing Banks and the Swingline Lender.
“Letter of Credit” means any letter of credit issued, or deemed issued, pursuant to this Agreement.
“Leverage Ratio” is defined in Section 6.11.2.
“Lien” means, with respect to any asset, (a) any mortgage, deed of trust, lien, pledge, hypothecation, encumbrance, charge or security interest in, on or of such asset, (b) the interest of a vendor or a lessor under any conditional sale agreement, capital lease or title retention agreement (or any financing lease having substantially the same economic effect as any of the foregoing) relating to such asset and (c) in the case of securities, any purchase option, call or similar right of a third party with respect to such securities.
“Liquidity” means unrestricted cash and cash equivalents of the Company and its Subsidiaries in the United States (or that could be repatriated to the United States (less the applicable combined U.S. federal and state marginal income Tax, and any other applicable foreign Tax, due or payable that would be imposed on the Company or applicable Subsidiary in the case of, and with respect to, the repatriation of such cash to the United States of America, in each case at such time)) at such time in excess of $50,000,000 plus the amount of availability under the Commitments.
“Loan Documents” mean this Agreement, each Borrowing Subsidiary Agreement, each Borrowing Subsidiary Termination, any promissory notes executed and delivered pursuant to Section 2.10(e), the Subsidiary Guaranty, the Collateral Documents and any and all other instruments and documents executed and delivered in connection with any of the foregoing.
“Loan Parties” means, collectively, the Borrowers and the Subsidiary Guarantors.
“Loans” means an extension of credit by a Lender to the Borrowers under Article II in the form of a Revolving Loan or a Swingline Loan.
“Local Time” means (i) New York City time in the case of a Loan, Borrowing or LC Disbursement denominated in Dollars and (ii) local time in the case of a Loan, Borrowing or LC Disbursement denominated in a Foreign Currency (it being understood that such local time shall mean London, England time unless otherwise notified by the Administrative Agent).
“Material Adverse Change” means any event, development or circumstance that has or could reasonably be expected to have a Material Adverse Effect.
“Material Adverse Effect” means a material adverse effect on (a) the business, assets, property, operations or financial condition of the Company and the Subsidiaries taken as a whole, (b) the ability of the Loan Parties, taken as a whole, to perform any of their obligations under the Loan Documents, or (c) the validity or enforceability of any of the Loan Documents or the rights of or benefits available to the Administrative Agent and the Lenders under this Agreement and the other Loan Documents.
“Material Indebtedness” means Indebtedness (other than the Loans and Letters of Credit), or obligations in respect of one or more Swap Agreements, of any one or more of the Company and its Subsidiaries in an aggregate principal amount exceeding $20,000,000. For purposes of determining Material Indebtedness, the “principal amount” of the obligations of the Company or any Subsidiary in respect of any Swap Agreement at any time shall be the maximum aggregate amount (giving effect to any netting agreements) that the Company or such Subsidiary would be required to pay if such Swap Agreement were terminated at such time.
“Material Subsidiaries” means each Subsidiary the consolidated gross revenues of which for the most recent four fiscal quarter period of the Company for which financial statements have been delivered pursuant to Section 5.01 were greater than two and a half percent (2.5%) of the Company’s consolidated gross revenues for such four fiscal quarter period or (ii) the consolidated tangible assets of which as of the end of such four fiscal quarter period were greater than two and a half percent (2.5%) of the Company’s consolidated tangible assets as of such date; provided that, if at the end of any fiscal quarter the aggregate amount of the consolidated gross revenues or consolidated tangible assets of all Subsidiaries that are not Material Subsidiaries exceeds twenty-five percent (25%) of the Company’s consolidated gross revenues for any such four fiscal quarter period or twenty-five percent (25%) of the Company’s consolidated tangible assets as of the end of any such four fiscal quarter period, the Company (or, in the event the Company has failed to do so on the date that it delivers its compliance certificate for such fiscal quarter pursuant to Section 5.01(d), the Administrative Agent) shall designate sufficient Subsidiaries as “Material Subsidiaries” to eliminate such excess, and such designated Subsidiaries shall for all purposes of this Agreement constitute Material Subsidiaries. The Material Subsidiaries on the Effective Date are identified in Schedule 3.01 hereto. For the avoidance of doubt, all Foreign Subsidiary Borrowers and Subsidiary Guarantors shall deemed to be Material Subsidiaries.
“Moody’s” means Moody’s Investors Service, Inc.
“Multiemployer Plan” means a multiemployer plan as defined in Section 4001(a)(3) of ERISA.
“Non-U.S. Lender” means a Lender that is not a U.S. Person.
“Notice of Loan Prepayment” means a notice of prepayment with respect to a Loan, which shall be substantially in the form of Exhibit B-3 or such other form as may be approved by the Administrative Agent (including any form on an electronic platform or electronic transmission system as shall be approved by the Administrative Agent), appropriately completed and signed by a Responsible Officer.
“Obligations” means all Loans, LC Disbursements, advances, debts, liabilities, obligations, covenants and duties owing by the Borrowers or any Subsidiary Guarantor to the Administrative Agent, any Lender, any Issuing Bank, any Affiliate of the Administrative Agent or any Lender, any Issuing Bank, or any indemnified Person hereunder, of any kind or nature, present or future, arising under this Agreement, the Subsidiary Guaranty, any Collateral Document or any other Loan Document, whether or not evidenced by any note, guaranty or other instrument, whether or not for the payment of money, whether arising by reason of an extension of credit, loan, guaranty, indemnification, or in any other manner, whether direct or indirect (including those acquired by assignment), absolute or contingent, due or to become due, now existing or hereafter arising and however acquired provided, however, that (i) the “Obligations” of a Subsidiary Guarantor shall exclude any Excluded Swap Obligations with respect to such Subsidiary Guarantor, and (ii) for the avoidance of doubt, “Obligations” shall not include Permitted Convertible Indebtedness, Permitted Bond Hedge Transactions and Permitted Warrant Transactions. The term includes, without limitation, all interest, charges, expenses, fees, reasonable attorneys’ fees and disbursements, reasonable paralegals’ fees (in each case whether or not allowed), and any other sum chargeable to the Borrowers or any Subsidiary Guarantor under this Agreement or any other Loan Document.
“OFAC” means Office of Foreign Assets Control of the United States Department of the Treasury.
“Other Connection Taxes” means, with respect to any Recipient, Taxes imposed as a result of a present or former connection between such Recipient and the jurisdiction imposing such Tax (other than a connection arising from such Recipient having executed, delivered, enforced, become a party to, performed its obligations under, received payments under, received or perfected a security interest under, or engaged in any other transaction pursuant to, or enforced, any Loan Document, or sold or assigned an interest in any Loan Document).
“Other Taxes” means any present or future stamp, court, documentary, intangible, recording, filing or similar Taxes that arise from any payment made under, from the execution, delivery, performance, enforcement or registration of, from the receipt or perfection of a security interest under, or otherwise with respect to, any Loan Document, except any such Taxes that are Other Connection Taxes imposed with respect to an assignment (other than an assignment under Section 2.19(b)).
“Overnight Foreign Currency Rate” means, for any amount payable in a Foreign Currency, the rate of interest per annum as determined by the Administrative Agent at which overnight or weekend deposits in the relevant currency (or if such amount due remains unpaid for more than three (3) Business Days, then for such other period of time as the Administrative Agent may elect) for delivery in immediately available and freely transferable funds would be offered by the Administrative Agent to major banks in the interbank market upon request of such major banks for the relevant currency as determined above and in an amount comparable to the unpaid principal amount of the related Credit Event, plus any taxes, levies, imposts, duties, deductions, charges or withholdings imposed upon, or charged to, the Administrative Agent by any relevant correspondent bank in respect of such amount in such relevant currency.
“Participant” has the meaning assigned to such term in Section 9.04(c).
“Participant Register” has the meaning assigned to such term in Section 9.04(c).
“Participating Member State” means any member state of the European Union that adopts or has adopted the euro as its lawful currency in accordance with legislation of the European Union relating to economic and monetary union.
“Patriot Act” means the USA PATRIOT Act (Title III of Pub. L. 107-56 (signed into law October 26, 2001)).
“PBGC” means the Pension Benefit Guaranty Corporation referred to and defined in ERISA and any successor entity performing similar functions.
“Permitted Acquisition” means any acquisition (whether by purchase, merger, consolidation or otherwise but excluding in any event a Hostile Acquisition) by the Company or any Subsidiary of (i) all or substantially all the assets of a Person or division or line of business of a Person or (ii) at least a majority of the voting Equity Interests in a Person, in each case whether or not involving a merger or consolidation with such other Person, if, at the time of and immediately after giving effect thereto, (a) no Default has occurred and is continuing or would result therefrom, (b) the principal business of such Person shall be reasonably related to, or strategically aligned with, a business in which the Company and the Subsidiaries were engaged on the Effective Date, (c) each Subsidiary formed for the purpose of or resulting from such acquisition shall, to the extent required under the definition of “Subsidiary Guarantor”, be a Subsidiary Loan Party, and all actions required to be taken with respect to such acquired or newly formed Subsidiary under Sections 5.09 and 5.10 shall have been taken, (d) the Company and the Subsidiaries (i) are in compliance, on a pro forma basis after giving effect to such acquisition, with the covenant contained in Section 6.11.1 recomputed as of the last day of the most recently ended fiscal quarter of the Company for which financial statements are available, as if such acquisition (and any related incurrence or repayment of Indebtedness, with any new Indebtedness being deemed to be amortized over the applicable testing period in accordance with its terms) had occurred on the first day of each relevant period for testing such compliance and (ii) the Leverage Ratio, on a pro forma basis after giving effect to such acquisition, would not exceed 2.50 to 1.00 and (e) with respect to an acquisition in respect of which the sum of all cash consideration paid or delivered in connection therewith exceeds $30,000,000, the Company has delivered to the Administrative Agent an officers’ certificate to the effect set forth in clauses (a), (b) and (c) above.
“Permitted Bond Hedge Transactions” means any call or capped call option (or substantively equivalent derivative transaction) relating to the Company’s common stock (or other securities or property following a merger event or other change of the common stock of the Company) purchased by Company in connection with the issuance of any Permitted Convertible Indebtedness; provided that the purchase price for such Permitted Bond Hedge Transactions, less the proceeds received by Company from the sale of any related Permitted Warrant Transactions, does not exceed the net proceeds received by the Company from the issuance of such Permitted Convertible Indebtedness in connection with such Permitted Bond Hedge Transactions.
“Permitted Convertible Indebtedness” means notes, bonds, indentures or similar instruments issued by the Company that are convertible into or exchangeable for (x) cash, (y) shares of the common stock of the Company (or securities or property of another Person following a merger event or other change of the common stock of the Company) or (z) a combination thereof.
“Permitted Encumbrances” means:
(a) Liens imposed by law for taxes that are not yet due or are being contested in compliance with Section 5.04;
(b) carriers’, warehousemen’s, mechanics’, materialmen’s, repairmen’s and other like Liens imposed by law, arising in the ordinary course of business and securing obligations that are not overdue by more than 45 days or are being contested in compliance with Section 5.04;
(c) pledges and deposits made in the ordinary course of business in compliance with workers’ compensation, unemployment insurance and other social security laws or regulations;
(d) deposits to secure the performance of bids, trade contracts, leases, statutory obligations, surety and appeal bonds, performance bonds and other obligations of a like nature, in each case in the ordinary course of business;
(e) judgment liens in respect of judgments that do not constitute an Event of Default under clause (k) of Article VII;
(f) easements, zoning restrictions, rights-of-way and similar encumbrances on real property imposed by law or arising in the ordinary course of business that do not secure any monetary obligations and do not materially detract from the value of the affected property or interfere with the ordinary conduct of business of the Company or any Subsidiary; provided that the term “Permitted Encumbrances” shall not include any Lien securing Indebtedness other than the Liens permitted under Section 6.02; and
(g) usual and customary possessory liens and rights of setoff in favor of banks and brokerages in respect of deposit and investment accounts, and including liens that are contractual rights of set-off or other rights of set-off arising by operation of law relating to Cash Pooling Arrangements to permit satisfaction of overdraft or similar obligations incurred in the ordinary course of business of the Company or any Subsidiary.
“Permitted Foreign Reorganization Transfers” means, to the extent approved by the Administrative Agent, loans, advances or capital contributions by and among the Company and its Subsidiaries in order to implement the reorganization of the Company’s Foreign Subsidiaries and foreign branches.
“Permitted Investments” means:
(a) direct obligations of, or obligations the principal of and interest on which are unconditionally guaranteed by, the United States of America, in each case maturing within one year from the date of acquisition thereof;
(b) direct obligations of any agency of the United States of America, in each case maturing within one year from the date of acquisition thereof;
(c) municipal investments and direct obligations of any State of the United States of America, in each case with a rating of BBB+ or higher and a maximum maturity of 12 months (for securities where the interest rate is adjusted periodically (e.g. floating rate securities), the reset date will be used to determine the maturity date);
(d) investments in commercial paper maturing within 270 days from the date of acquisition thereof and having, at such date of acquisition, a rating of A-2 from S&P and P-2 from Moody’s;
(e) investments in certificates of deposit, banker’s acceptances and time deposits maturing within one year from the date of acquisition thereof issued or guaranteed by or placed with, and money market deposit accounts issued or offered by, any Lender or any domestic office of any commercial bank organized under the laws of the United States of America or any State thereof which has a combined capital and surplus and undivided profits of not less than $500,000,000;
(f) fully collateralized repurchase agreements with a term of not more than 30 days for securities described in clause (a) above and entered into with a financial institution satisfying the criteria described in clause (e) above;
(g) money market funds that (i) comply with the criteria set forth in Securities and Exchange Commission Rule 2a-7 under the Investment Company Act of 1940, (ii) are rated AAA by S&P and Aaa by Moody’s and (iii) have portfolio assets of at least $500,000,000;
(h) in the case of investments of any Foreign Subsidiary or non-domestic branch of the Company, securities issued by any foreign government or any political subdivision of any foreign government or any public instrumentality thereof having maturities of not more than one year from the date of the acquisitions thereof and, at the time of the acquisition thereof, having an investment grade credit rating obtainable from S&P, Moody’s, or other generally recognized rating agency;
(i) investments in readily marketable investment grade rated bonds of any Person having, at such date of acquisition, a rating equal to or higher than Baa3 (or the equivalent) by Moody’s and BBB- (or the equivalent) by S&P;
(j) investments in funds that invest solely in one or more of types of securities described in clauses (a) through (i) above; and
(k) in the case of investments by any Foreign Subsidiary or non-domestic branch of the Company, (i) investments in time deposits maturing within one year from the date
of acquisition thereof issued or guaranteed by or placed with any highly capitalized commercial bank which is located in the jurisdiction where such non-domestic branch of the Company or such Foreign Subsidiary is located and which bank has an investment grade credit rating obtainable from S&P, Moody’s or other generally recognized rating agency and (ii) other investments in money market funds domiciled in such jurisdiction that (x) are rated AAA by S&P and AAA by Moody’s and (y) have portfolio assets of at least $2,000,000,000.
“Permitted Two-Year Investments” means:
(a) direct obligations of, or obligations the principal of and interest on which are unconditionally guaranteed by, the United States of America, in each case maturing within two years from the date of acquisition thereof;
(b) direct obligations of any agency of the United States of America, in each case maturing within two years from the date of acquisition thereof;
(c) municipal investments and direct obligations of any State of the United States of America with a rating of BBB+ or higher and a maximum maturity of two years (for securities where the interest rate is adjusted periodically (e.g. floating rate securities), the reset date will be used to determine the maturity date);
(d) investments in certificates of deposit, banker’s acceptances and time deposits maturing within two years from the date of acquisition thereof issued or guaranteed by or placed with, and money market deposit accounts issued or offered by, any Lender or any domestic office of any commercial bank organized under the laws of the United States of America or any State thereof which has a combined capital and surplus and undivided profits of not less than $500,000,000;
(e) in the case of investments by any Foreign Subsidiary or non-domestic branch of the Company, securities issued by any foreign government or any political subdivision of any foreign government or any public instrumentality thereof having maturities of not more than two years from the date of the acquisitions thereof and, at the time of the acquisition thereof, having an investment grade credit rating obtainable from S&P, Moody’s, or other generally recognized rating agency;
(f) investments in funds that invest solely in one or more of the types of securities described in clauses (a) through (e) above; and
(g) in the case of investments by any non-domestic branch of the Company or any Foreign Subsidiary, investments in time deposits maturing within two years from the date of acquisition thereof issued or guaranteed by or placed with any highly capitalized commercial bank which is located in the jurisdiction where such non-domestic branch of the Company or such Foreign Subsidiary is located and which bank has an investment grade credit rating obtainable from S&P, Moody’s or other generally recognized rating agency.
“Permitted Warrant Transactions” means any call option, warrant or right to purchase (or substantively equivalent derivative transaction) relating to the Company’s common
stock (or other securities or property following a merger event or other change of the common stock of the Company) sold by the Company substantially concurrently in connection with any purchase by the Company of a related Permitted Bond Hedge Transaction.
“Person” means any natural person, corporation, limited liability company, trust, joint venture, association, company, partnership, Governmental Authority or other entity.
“Plan” means any employee pension benefit plan (other than a Multiemployer Plan) subject to the provisions of Title IV of ERISA or Section 412 of the Code or Section 302 of ERISA, and in respect of which the Company or any ERISA Affiliate is (or, if such plan were terminated, would under Section 4069 of ERISA be deemed to be) an “employer” as defined in Section 3(5) of ERISA.
“Platform” means Debt Domain, Intralinks, Syndtrak or a substantially similar electronic transmission system.
“Pledge Agreements” means the pledge agreements, share mortgages, charges and comparable instruments and documents from time to time executed pursuant to the terms of Section 5.10 in favor of the Administrative Agent for the benefit of the Holders of Secured Obligations as amended, restated, supplemented or otherwise modified from time to time.
“Pledged Subsidiary” means each Foreign Subsidiary a portion of the Equity Interests of which has been pledged pursuant to a Pledge Agreement in accordance with Section 5.10.
“Prime Rate” means the rate of interest per annum publicly announced from time to time by Bank of America, N.A. as its prime rate in effect at its principal office in New York City; each change in the Prime Rate shall be effective from and including the date such change is publicly announced as being effective.
“PTE” means a prohibited transaction class exemption issued by the U.S. Department of Labor, as any such exemption may be amended from time to time.
“QFC” has the meaning specified in Section 9.20(b).
“Quotation Day” means two (2) Business Days prior to the commencement of such Interest Period (or such other day as is generally treated as the rate fixing day by market practice in such interbank market, as determined by the Administrative Agent; provided that to the extent such market practice is not administratively feasible for the Administrative Agent, then “Quotation Day” means such other day as otherwise reasonably determined by the Administrative Agent).
“Recipient” means (a) the Administrative Agent, (b) any Lender and (c) any Issuing Bank, as applicable.
“Register” has the meaning set forth in Section 9.04.
“Regulation T” means Regulation T of the Board as from time to time in effect and any successor or other regulation or official interpretation of the Board relating to the extension of credit by securities brokers and dealers, including all members of national securities exchanges.
“Regulation U” means Regulation U of the Board as from time to time in effect and any successor or other regulation or official interpretation of the Board relating to the extension of credit by banks for the purpose of purchasing or carrying margin stocks applicable to member banks of the Federal Reserve System.
“Regulation X” means Regulation X of the Board as from time to time in effect and any successor or other regulation or official interpretation of the Board for the purpose of applying the provisions of Regulation T and Regulation U to borrowers who are subject to United States laws and who obtain credit within or outside the United States for the purpose of purchasing securities.
“Related Parties” means, with respect to any specified Person, such Person’s Affiliates and the respective directors, officers, employees, agents and advisors of such Person and such Person’s Affiliates.
“Relevant Governmental Body” means (a) with respect to Loans denominated in Dollars, the Federal Reserve Board and/or the Federal Reserve Bank of New York, or a committee officially endorsed or convened by the Federal Reserve Board and/or the Federal Reserve Bank of New York, (b) with respect to Loans denominated in British Pounds Sterling, the Bank of England, or a committee officially endorsed or convened by the Bank of England or, in each case, any successor thereto, (c) with respect to Loans denominated in Euros, the European Central Bank, or a committee officially endorsed or convened by the European Central Bank or, in each case, any successor thereto, and (d) with respect to Loans denominated in any other Agreed Currency, (i) the central bank for the currency in which such Loan is denominated or any central bank or other supervisor which is responsible for supervising either (x) such Successor Rate or (y) the administrator of such Successor Rate or (ii) any working group or committee officially endorsed or convened by (w) the central bank for the currency in which such Successor Rate is denominated, (x) any central bank or other supervisor that is responsible for supervising either (A) such Successor Rate or (B) the administrator of such Successor Rate, (y) a group of those central banks or other supervisors or (z) the Financial Stability Board or any part thereof.
“Relevant Rate” means with respect to any Credit Event denominated in (a) Dollars, Term SOFR, (b) Sterling, SONIA, (c) Euros, EURIBOR and (d) Australian Dollars, BBSY, as applicable.
“Required Lenders” means, at any time, Lenders having Credit Exposures and unused Commitments representing more than 50% of the sum of the total Credit Exposures and unused Commitments at such time. The Credit Exposure of any Defaulting Lender shall be disregarded in determining Required Lenders at any time; provided that, the amount of any participation in any Swingline Loan and unreimbursed LC Disbursements that such Defaulting
Lender has failed to fund that have not been reallocated to and funded by another Lender shall be deemed to be held by the Lender that is the Swingline Lender or an Issuing Bank, as the case may be, in making such determination.
“Rescindable Amount” has the meaning as defined in Section 2.18(d)(ii).
“Resolution Authority” means an EEA Resolution Authority or, with respect to any UK Financial Institution, a UK Resolution Authority.
“Restricted Payment” means (a) any dividend or other distribution (whether in cash, securities or other property) with respect to any Equity Interests in the Company or any Subsidiary, or any payment (whether in cash, securities or other property), (b) any sinking fund or similar deposit, on account of the purchase, redemption, retirement, acquisition, cancellation or termination of any such Equity Interests in the Company or any Subsidiary, (c) any option, warrant or other right to acquire any such Equity Interests in the Company or any Subsidiary, (d) the initial premium amount for a Permitted Bond Hedge Transaction and the sales proceeds from a Permitted Warrant Transaction in connection with Permitted Convertible Indebtedness, taken together as a single transaction, on a net basis, and (e) any payment made in cash to holders of Permitted Convertible Indebtedness in excess of the original principal (or notional) amount thereof and interest solely on such excess amount, unless and to the extent that a corresponding amount is received in cash (whether through a direct cash payment or a settlement in shares of stock that are immediately sold for cash) substantially contemporaneously from the other parties to a Permitted Bond Hedge Transaction relating to such Permitted Convertible Indebtedness, and (f) any cash payment made in connection with the settlement of a Permitted Warrant Transaction to the extent the Company has the option of satisfying such payment obligation through the issuance of shares of common stock.
“Responsible Officer” means the chief executive officer, president, vice president, chief financial officer, treasurer, assistant treasurer, controller, director or other authorized representative of a Loan Party, solely for purposes of the delivery of incumbency certificates pursuant to Section 4.01, the secretary or any assistant secretary of a Loan Party and, solely for purposes of notices given pursuant to Article II, any other officer or employee of the applicable Loan Party so designated by any of the foregoing officers in a notice to the Administrative Agent or any other officer or employee of the applicable Loan Party designated in or pursuant to an agreement between the applicable Loan Party and the Administrative Agent. Any document delivered hereunder that is signed by a Responsible Officer of a Loan Party shall be conclusively presumed to have been authorized by all necessary corporate, partnership and/or other action on the part of such Loan Party and such Responsible Officer shall be conclusively presumed to have acted on behalf of such Loan Party. To the extent requested by the Administrative Agent, each Responsible Officer will provide an incumbency certificate and to the extent requested by the Administrative Agent, appropriate authorization documentation, in form and substance satisfactory to the Administrative Agent.
“Revolving Loan” has the meaning specified in Section 2.01.
“S&P” means Standard & Poor’s Ratings Services, a Standard & Poor’s Financial Services LLC business, a subsidiary of The McGraw-Hill Companies, Inc., and any successor thereto.
“Same Day Funds” means (a) with respect to disbursements and payments in Dollars, immediately available funds, and (b) with respect to disbursements and payments in a Foreign Currency, same day or other funds as may be determined by the Administrative Agent or an Issuing Bank, as the case may be, to be customary in the place of disbursement or payment for the settlement of international banking transactions in the relevant Foreign Currency.
“Sanctioned Country” means, at any time, a country, region or territory which is itself the subject or target of any Sanctions (at the time of this Agreement, Crimea, Cuba, Iran, North Korea, Sudan and Syria).
“Sanctioned Person” means, at any time, (a) any Person listed in any Sanctions-related list of designated Persons maintained by OFAC, the U.S. Department of State, the United Nations Security Council, His Majesty’s Treasury (“HMT”), the European Union or any European Union member state in which the Company or any Subsidiary conducts business, (b) any Person operating, organized or resident in a Sanctioned Country or (c) any Person owned or controlled by any such Person or Persons described in the foregoing clauses (a) or (b).
“Sanctions” means all economic or financial sanctions or trade embargoes imposed, administered or enforced from time to time and applicable to the Company or any Subsidiary by (a) the U.S. government, including those administered by OFAC or the U.S. Department of State or (b) the United Nations Security Council, the European Union, any European Union member state in which the Company or any Subsidiary conducts business, the Hong Kong Monetary Authority or His Majesty’s Treasury of the United Kingdom.
“Scheduled Unavailability Date” has the meaning specified in Section 2.14(c).
“SEC” means the United States Securities and Exchange Commission.
“Secured Obligations” means, collectively, (i) the Obligations, (ii) all Banking Services Obligations owing to one or more Lenders and their respective Affiliates and (iii) all Swap Obligations; provided that the definition of “Secured Obligations” shall not create or include any guarantee by any Loan Party of (or grant of security interest by any Loan Party to support, as applicable) any Excluded Swap Obligations of such Loan Party for purposes of determining any obligations of any Loan Party.
“SOFR” means the Secured Overnight Financing Rate as administered by the Federal Reserve Bank of New York (or a successor administrator).
“SOFR Adjustment” means 0.10%.
“SONIA” means, with respect to any applicable determination date, the Sterling Overnight Index Average Reference Rate published on the fifth Business Day preceding such date on the applicable Reuters screen page (or such other commercially available source
providing such quotations as may be designated by the Administrative Agent from time to time); provided however that if such determination date is not a Business Day, SONIA means such rate that applied on the first Business Day immediately prior thereto.
“SONIA Adjustment” means, with respect to SONIA, 0.0326% per annum.
“Specified Swap Obligation” means, with respect to any Loan Party, any obligation to pay or perform under any agreement, contract or transaction that constitutes a “swap” within the meaning of Section 1a(47) of the Commodity Exchange Act or any rules or regulations promulgated thereunder.
“Statutory Reserve Rate” means a fraction (expressed as a decimal), the numerator of which is the number one and the denominator of which is the number one minus the aggregate of the maximum reserve, liquid asset, fees or similar requirements (including any marginal, special, emergency or supplemental reserves or other requirements) established by any central bank, monetary authority, the Board, the United Kingdom Financial Conduct Authority, the United Kingdom Prudential Regulation Authority, the European Central Bank or other Governmental Authority for any category of deposits or liabilities customarily used to fund loans in the applicable currency, expressed in the case of each such requirement as a decimal. Such reserve, liquid asset, fees or similar requirements shall include those imposed pursuant to Regulation D of the Board. The Statutory Reserve Rate shall be adjusted automatically on and as of the effective date of any change in any reserve, liquid asset or similar requirement.
“Subordinated Indebtedness” means any Indebtedness of the Company or any Subsidiary the payment of which is subordinated to payment of the obligations under the Loan Documents pursuant to a subordination agreement on terms reasonably acceptable to the Administrative Agent.
“subsidiary” means, with respect to any Person (the “parent”) at any date, any corporation, limited liability company, partnership, association or other entity the accounts of which would be consolidated with those of the parent in the parent’s consolidated financial statements if such financial statements were prepared in accordance with GAAP as of such date, as well as any other corporation, limited liability company, partnership, association or other entity (a) of which securities or other ownership interests representing more than 50% of the equity or more than 50% of the ordinary voting power or, in the case of a partnership, more than 50% of the general partnership interests are, as of such date, owned, controlled or held, or (b) that is, as of such date, otherwise Controlled, by the parent or one or more subsidiaries of the parent or by the parent and one or more subsidiaries of the parent.
“Subsidiary” means any subsidiary of the Company.
“Subsidiary Guarantor” means each Subsidiary (other than (x) any Foreign Subsidiary to the extent (a) such Foreign Subsidiary is a CFC, a Subsidiary of a CFC or a Foreign Subsidiary Holdco (unless, as determined by the Company acting in good faith or upon advice of its tax advisors that, causing any such Subsidiary to become a Subsidiary Guarantor would not have disadvantageous tax implications for the Company or any Domestic Subsidiary
under Section 956 of the Code (or any successor provision or any applicable U.S. Treasury Regulation)) or (b) designation or continuation of such Foreign Subsidiary as a Subsidiary Guarantor would be prohibited by applicable law - each such Foreign Subsidiary, an “Affected Foreign Subsidiary”) or (y) any non-wholly owned Subsidiary to the extent that designation or continuation of such non-wholly owned Subsidiary as a Subsidiary Guarantor would be prohibited (a) by applicable law or (b) by the terms of its organizational documents or other contractual restrictions from being a Subsidiary Guarantor so long as such prohibition was not created in contemplation of or in connection with such Person becoming a Subsidiary (each such non-wholly owned Subsidiary an “Affected Non-Wholly Owned Subsidiary” and together with the Affected Foreign Subsidiary, each an “Affected Subsidiary”) (i) the consolidated gross revenues of which for the most recent four fiscal quarter period of the Company for which financial statements have been delivered pursuant to Section 5.01 were greater than five percent (5%) of the Company’s consolidated gross revenues for such four fiscal quarter period or (ii) the consolidated tangible assets of which as of the end of such four fiscal quarter period were greater than five percent (5%) of the Company’s consolidated tangible assets as of such date; provided that, if at the end of any fiscal quarter the aggregate amount of the consolidated gross revenues or consolidated tangible assets of all Subsidiaries that are not Subsidiary Guarantors exceeds thirty-five percent (35%) of the Company’s consolidated gross revenues for any such four fiscal quarter period or thirty-five percent (35%) of the Company’s consolidated tangible assets as of the end of any such four fiscal quarter period, the Company (or, in the event the Company has failed to do so on the date that it delivers its compliance certificate for such fiscal quarter pursuant to Section 5.01(d), the Administrative Agent) shall designate sufficient Subsidiaries (other than Affected Subsidiaries) as “Subsidiary Guarantors” to eliminate such excess, and such designated Subsidiaries shall for all purposes of this Agreement constitute Subsidiary Guarantors. The Subsidiary Guarantors on the Effective Date are identified in Schedule 3.01 hereto.
“Subsidiary Guaranty” means that certain Guaranty dated as of the Effective Date in substantially the form of Exhibit E (including any and all supplements thereto) and executed by each Subsidiary Guarantor party thereto, and, in the case of any guaranty by a Foreign Subsidiary, any other guaranty agreements as are requested by the Administrative Agent and its counsel, in each case as amended, restated, supplemented or otherwise modified from time to time.
“Subsidiary Loan Party” means a Subsidiary Guarantor or a Pledged Subsidiary.
“Successor Rate” means either a Foreign Currency Successor Rate or a Term SOFR Successor Rate, as the context may require.
“Supported QFC” has the meaning specified in Section 9.20.
“Swap Agreement” means any agreement with respect to any swap, forward, future or derivative transaction or option or similar agreement involving, or settled by reference to, one or more rates, currencies, commodities, equity or debt instruments or securities, or economic, financial or pricing indices or measures of economic, financial or pricing risk or value or any similar transaction or any combination of these transactions; provided that no phantom stock or similar plan (including, without limitation, restricted stock awards, options and other
incentive compensation plans) providing for payments only on account of services provided by current or former directors, officers, employees or consultants of the Company or the Subsidiaries shall be a Swap Agreement; provided that, for the avoidance of doubt, “Swap Agreement” shall not include any Permitted Convertible Indebtedness, any Permitted Bond Hedge Transactions or Permitted Warrant Transactions.
“Swap Obligations” means all indebtedness, obligations and liabilities of the Company or any Subsidiary of the Company under Swap Agreements to any Lender or any Affiliate of a Lender.
“Swingline Borrowing” means a borrowing of a Swingline Loan pursuant to Section 2.05.
“Swingline Exposure” means, at any time, the aggregate principal amount of all Swingline Loans outstanding at such time. The Swingline Exposure of any Lender at any time shall be the sum of (a) its Applicable Percentage of the total Swingline Exposure at such time other than with respect to any Swingline Loans made by such Lender in its capacity as a Swingline Lender and (b) the aggregate principal amount of all Swingline Loans made by such Lender as a Swingline Lender outstanding at such time (less the amount of participations funded by the other Lenders in such Swingline Loans).
“Swingline Lender” means Bank of America in its capacity as provider of Swingline Loans, or any successor swingline lender hereunder.
“Swingline Loan” has the meaning specified in Section 2.05.
“Swingline Loan Request” means a notice of a Swingline Borrowing pursuant to Section 2.05(b), which shall be in a form approved by the Administrative Agent (including any form on an electronic platform or electronic transmission system as shall be approved by the Administrative Agent), appropriately completed and signed by a Responsible Officer of the Company.
“Swingline Sublimit” means an amount equal to the lesser of (a) $10,000,000 and (b) the Commitment. The Swingline Sublimit is part of, and not in addition to, the Commitments.
“T2” means the real time gross settlement system operated by the Eurosystem, or any successor system.
“TARGET Day” means any day on which T2 (or, if such payment system ceases to be operative, such other payment system, if any, determined by the Administrative Agent to be a suitable replacement) is open for the settlement of payments in Euro.
“Taxes” means any present or future taxes, levies, imposts, duties, deductions, withholdings, assessments, fees or other charges imposed by any Governmental Authority, including any interest, additions to tax or penalties applicable thereto.
“Term SOFR” means:
for any Interest Period with respect to a Term SOFR Loan, the rate per annum equal to the Term SOFR Screen Rate two U.S. Government Securities Business Days prior to the commencement of such Interest Period with a term equivalent to such Interest Period; provided that if the rate is not published prior to 11:00 a.m. on such determination date then Term SOFR means the Term SOFR Screen Rate on the first U.S. Government Securities Business Day immediately prior thereto, in each case, plus the SOFR Adjustment; and
for any interest calculation with respect to an ABR Loan on any date, the rate per annum equal to the Term SOFR Screen Rate two U.S. Government Securities Business Days prior to such date with a term of one month commencing that day; provided that if the rate is not published prior to 11:00 a.m. on such determination date then Term SOFR means the Term SOFR Screen Rate on the first U.S. Government Securities Business Day immediately prior thereto, in each case, plus the SOFR Adjustment for such term;
provided that if the Term SOFR determined in accordance with either of the foregoing provisions (a) or (b) of this definition would otherwise be less than zero, the Term SOFR shall be deemed zero for purposes of this Agreement.
“Term SOFR Loan” means a Loan that bears interest at a rate based on clause (a) of the definition of Term SOFR.
“Term SOFR Screen Rate” means the forward-looking SOFR term rate administered by CME (or any successor administrator satisfactory to the Administrative Agent) and published on the applicable Reuters screen page (or such other commercially available source providing such quotations as may be designated by the Administrative Agent from time to time).
“Term SOFR Successor Rate” has the meaning specified in Section 2.14(c).
“Termination Date” means March 17, 2030.
“Third Amendment Effective Date” means March 17, 2025.
“Transactions” means the execution, delivery and performance by the Loan Parties of this Agreement and the other Loan Documents, the borrowing of Loans and other credit extensions, the use of the proceeds thereof and the issuance of Letters of Credit hereunder.
“Type”, when used in reference to any Loan or Borrowing, refers to whether the rate of interest on such Loan, or on the Loans comprising such Borrowing, is determined by reference to Term SOFR, a Foreign Currency Term Rate, a Foreign Currency Daily Rate or the Alternate Base Rate.
“UK Financial Institution” means any BRRD Undertaking (as such term is defined under the PRA Rulebook (as amended form time to time) promulgated by the United Kingdom Prudential Regulation Authority) or any person subject to IFPRU 11.6 of the FCA
Handbook (as amended from time to time) promulgated by the United Kingdom Financial Conduct Authority, which includes certain credit institutions and investment firms, and certain affiliates of such credit institutions or investment firms.
“UK Resolution Authority” means the Bank of England or any other public administrative authority having responsibility for the resolution of any UK Financial Institution.
“U.S. Government Securities Business Day” means any day except for (a) a Saturday, (b) a Sunday or (c) a day on which the Securities Industry and Financial Markets Association recommends that the fixed income departments of its members be closed for the entire day for purposes of trading in United States government securities.
“U.S. Person” means a “United States person” within the meaning of Section 7701(a)(30) of the Code.
“U.S. Special Resolution Regimes” has the meaning specified in Section 9.20.
“U.S. Tax Certificate” has the meaning assigned to such term in Section 2.17(f)(ii)(D)(2).
“Withdrawal Liability” means liability to a Multiemployer Plan as a result of a complete or partial withdrawal from such Multiemployer Plan, as such terms are defined in Part I of Subtitle E of Title IV of ERISA.
“Withholding Agent” means any Loan Party and the Administrative Agent.
“Write-Down and Conversion Powers” means, (a) with respect to any EEA Resolution Authority, the write-down and conversion powers of such EEA Resolution Authority from time to time under the Bail-In Legislation for the applicable EEA Member Country, which write-down and conversion powers are described in the EU Bail-In Legislation Schedule, and (b) with respect to the United Kingdom, any powers of the applicable Resolution Authority under the Bail-In Legislation to cancel, reduce, modify or change the form of a liability of any UK Financial Institution or any contract or instrument under which that liability arises, to convert all or part of that liability into shares, securities or obligations of that person or any other person, to provide that any such contract or instrument is to have effect as if a right had been exercised under it or to suspend any obligation in respect of that liability or any of the powers under that Bail-In Legislation that are related to or ancillary to any of those powers.
1.02 Classification of Loans and Borrowings. For purposes of this Agreement, Loans may be classified and referred to by Type (e.g., a “Term SOFR Loan”). Borrowings also may be classified and referred to by Type (e.g., a “Term SOFR Borrowing”).
1.03 Terms Generally.
(a) The definitions of terms herein shall apply equally to the singular and plural forms of the terms defined. Whenever the context may require, any pronoun shall include the corresponding masculine, feminine and neuter forms. The words “include”, “includes” and
“including” shall be deemed to be followed by the phrase “without limitation”. The word “will” shall be construed to have the same meaning and effect as the word “shall”. The word “law” shall be construed as referring to all statutes, rules, regulations, codes and other laws (including official rulings and interpretations thereunder having the force of law or with which affected Persons customarily comply), and all judgments, orders and decrees, of all Governmental Authorities. Unless the context requires otherwise (a) any definition of or reference to any agreement, instrument or other document herein shall be construed as referring to such agreement, instrument or other document as from time to time amended, restated, supplemented or otherwise modified (subject to any restrictions on such amendments, restatements, supplements or modifications set forth herein), (b) any definition of or reference to any statute, rule or regulation shall be construed as referring thereto as from time to time amended, supplemented or otherwise modified (including by succession of comparable successor laws), (c) any reference herein to any Person shall be construed to include such Person’s successors and assigns (subject to any restrictions on assignment set forth herein) and, in the case of any Governmental Authority, any other Governmental Authority that shall have succeeded to any or all functions thereof, (d) the words “herein”, “hereof” and “hereunder”, and words of similar import, shall be construed to refer to this Agreement in its entirety and not to any particular provision hereof, (e) all references herein to Articles, Sections, Exhibits and Schedules shall be construed to refer to Articles and Sections of, and Exhibits and Schedules to, this Agreement and (f) the words “asset” and “property” shall be construed to have the same meaning and effect and to refer to any and all tangible and intangible assets and properties, including cash, securities, accounts and contract rights.
(b) In this Agreement, where it relates to the Dutch Borrower or any other Dutch Subsidiary, or to any Dutch law governed security, a reference to (i) necessary organizational actions, where applicable, include any action required to comply with the Works Councils Act of the Netherlands (Wet op de ondernemingsraden) and obtaining of an unconditional positive advice (advies) from the competent works council(s), (ii) a Lien or security interest includes any mortgage (hypotheek), pledge (pandrecht), financial collateral agreement (financiëlezekerheidsovereenkomst), privilege (voorrecht), retention of title arrangement (eigendomsvoorbehoud), right of retention (recht van retentie), right to reclaim goods (recht van reclame) and, in general, any right in rem (beperkt recht), created for the purpose of granting security (goederenrechtelijk zekerheidsrecht), (iii) a winding up, liquidation, bankruptcy, insolvency and administration (and any of those terms) includes a Dutch entity being declared bankrupt (failliet verklaard) or dissolved (ontbonden), (iv) a moratorium includes surseance van betaling, (v) bankruptcy or insolvency proceedings include (A) bankruptcy (faillissement), suspension of payments (surseance van betaling) or any other procedure having the effect that the entity to which it applies loses the free management or ability to dispose of its property (irrespective of whether the procedure is provisional or final) and (B) dissolution (ontbinding) or any other procedure having the effect that the entity to which it applies ceases to exist, (vi) any step, action or procedure taken in connection with, or acquiescence in, bankruptcy or insolvency proceedings includes filing or having filed a notice under Section 36 of the Tax Collection Act of the Netherlands (Invorderingswet 1990) or Section 60 of the Social Insurance Financing Act of the Netherlands (Wet Financiering Sociale Verzekeringen) in conjunction with Section 36 of the Tax Collection Act of the Netherlands (Invorderingswet 1990), (vii) a receiver
or trustee includes a curator, (viii) an administrator (in the context of a moratorium, suspension of payments or other insolvency or bankruptcy proceedings) includes a bewindvoerder, (ix) an attachment includes a beslag, (x) a merger includes a juridische fusie and (xi) a Subsidiary includes a dochtermaatschappij as defined in Article 2:24a of the Dutch Civil Code (Burgerlijk Wetboek). In this Agreement, a reference to any person incorporated or established in the Netherlands includes a general partnership (vennootschap onder firma), a limited partnership (commanditaire vennootschap) or other partnership (maatschap) or other entity and any other temporary or permanent joint venture as well as similar entities incorporated under the laws of any jurisdiction other than the Netherlands. In this Agreement, a reference to the Netherlands means the European part of the Kingdom of the Netherlands and “Dutch” means in or of the Netherlands.
1.04 Accounting Terms; GAAP; Pro Forma Calculations.
(a) Except as otherwise expressly provided herein, all terms of an accounting or financial nature shall be construed in accordance with GAAP, as in effect from time to time; provided that, if the Company notifies the Administrative Agent that the Company requests an amendment to any provision hereof to eliminate the effect of any change occurring after the Effective Date in GAAP or in the application thereof on the operation of such provision (or if the Administrative Agent notifies the Company that the Required Lenders request an amendment to any provision hereof for such purpose), regardless of whether any such notice is given before or after such change in GAAP or in the application thereof, then such provision shall be interpreted on the basis of GAAP as in effect and applied immediately before such change shall have become effective until such notice shall have been withdrawn or such provision amended in accordance herewith. Notwithstanding any other provision contained herein, all terms of an accounting or financial nature used herein shall be construed, and all computations of amounts and ratios referred to herein shall be made (i) without giving effect to any election under Accounting Standards Codification 825-10-25 (or any other Accounting Standards Codification or Financial Accounting Standard having a similar result or effect) to value any Indebtedness or other liabilities of the Company or any Subsidiary at “fair value”, as defined therein, (ii) without giving effect to any treatment of Indebtedness in respect of convertible debt instruments under Accounting Standards Codification 470-20 (or any other Accounting Standards Codification or Financial Accounting Standard having a similar result or effect) to value any such Indebtedness in a reduced or bifurcated manner as described therein, and such Indebtedness shall at all times be valued at the full stated principal amount thereof, and in the case of any Permitted Convertible Indebtedness for which the embedded conversion obligation must be settled by paying solely cash, so long as substantially concurrently with the offering of such Permitted Convertible Indebtedness, the Company enters into a cash-settled Permitted Bond Hedge Transaction relating to such Permitted Convertible Indebtedness, notwithstanding any other provision contained herein, for so long as such Permitted Bond Hedge Transaction (or a portion thereof corresponding to the amount of outstanding Permitted Convertible Indebtedness) remains in effect, all computations of amounts and ratios referred to herein shall be made as if the amount of Indebtedness represented by such Permitted Convertible Indebtedness were equal to the face principal amount thereof without regard to any mark-to-market derivative accounting for such Indebtedness, (iii) without giving effect to any treatment of Indebtedness in respect of lease
obligations that are not, or would not be, capital or finance lease obligations under GAAP as in effect on the Effective Date, but which are recharacterized as capital or finance lease obligations (and hence excluded for all purposes hereof from Capital Expenditures, Capital Lease Obligations and Indebtedness) pursuant to Accounting Standards Codification Topic 842 (or any successor provisions of similar import), (iv) in a manner such that any obligations relating to a lease of real property shall be accounted for as obligations relating to an operating lease and not as Capital Lease Obligations (and hence excluded for all purposes hereof from Capital Expenditures, Capital Lease Obligations and Indebtedness) so long as such lease is not part of a sale-and-lease back transaction and (v) for purposes of all calculations hereunder, the principal amount of Permitted Convertible Indebtedness shall be the outstanding principal (or notional) amount thereof, valued at par.
(b) To the extent that the Company makes any Permitted Acquisition during the period of four fiscal quarters of the Company most recently ended:
(i) the Consolidated Interest Coverage Ratio and Leverage Ratio shall be calculated after giving pro forma effect thereto as if such Permitted Acquisition had occurred on the first day of such period;
(ii) interest accrued during the relevant period on, and the principal of, any Indebtedness repaid or to be repaid or refinanced in such transaction shall be excluded from the results of the Company and its Subsidiaries for such period;
(iii) any Indebtedness actually or proposed to be incurred or assumed in such transaction shall be deemed to have been incurred as of the first day of the applicable period, and interest thereon shall be deemed to have accrued from such day on such Indebtedness at the applicable rates provided therefor (and in the case of interest that does or would accrue at a formula or floating rate, at the rate in effect at the time of determination or as otherwise approved by the Administrative Agent) and shall be included in the results of the Company and its Subsidiaries for such period; and
(iv) the pro forma calculation describe in clause (i) above shall be made without giving effect to any cost savings other than those actually realized as of the date of such Permitted Acquisition or thereafter realized during such period or otherwise approved in writing by the Administrative Agent.
(c) Any requirement in this Agreement that a transaction shall be in compliance “on a pro form basis” means that such transaction does not cause, create or result in a Default after giving pro forma effect thereto in accordance with clause (b) above, based upon the results of operations for the most recently completed fiscal quarter for which financial statements have been delivered under Section 5.01(a) and (b), to (x) such transaction and (y) all other transactions which are contemplated or required to be given pro forma effect hereunder that have occurred on or after the first day of the relevant period.
1.05 Status of Obligations. In the event that the Company or any other Loan Party shall at any time issue or have outstanding any Subordinated Indebtedness, the Company
shall take or cause such other Loan Party to take all such actions as shall be necessary to cause the Obligations to constitute senior indebtedness (however denominated) in respect of such Subordinated Indebtedness. Without limiting the foregoing, the Obligations are hereby designated as “senior indebtedness” and as “designated senior indebtedness” and words of similar import under and in respect of any indenture or other agreement or instrument under which such Subordinated Indebtedness is outstanding and are further given all such other designations as shall be required under the terms of any such Subordinated Indebtedness in order that the Lenders may have and exercise any payment blockage or other remedies available or potentially available to holders of senior indebtedness under the terms of such Subordinated Indebtedness.
(a) Interest Rates. The Administrative Agent does not warrant, nor accept responsibility, nor shall the Administrative Agent have any liability with respect to the administration, submission or any other matter related to the rates in the definition of “SOFR”, “Foreign Currency Daily Rate”, “Foreign Currency Term Rate”, “Term SOFR” or with respect to any rate (including, for the avoidance of doubt, the selection of such rate and any related spread or other adjustment) that is an alternative or replacement for or successor to any such rate (including, without limitation, any Successor Rate) or the effect of any of the foregoing, or of any Conforming Changes.
ARTICLE II
The Credits
2.01 Commitments. Subject to the terms and conditions set forth herein, each Lender (severally and not jointly) agrees to make loans (each such loan, a “Revolving Loan”) to the Borrowers in Agreed Currencies from time to time during the Availability Period in an aggregate principal amount that will not result in (i) subject to the definition of “Computation Date” and Section 2.11(c), the Dollar Amount of such Lender’s Credit Exposure exceeding such Lender’s Commitment or (ii) subject to the definition of “Computation Date” and Section 2.11(c), the sum of the Dollar Amount of the total Credit Exposures exceeding the aggregate Commitments. Within the foregoing limits and subject to the terms and conditions set forth herein, the Borrowers may borrow, prepay and reborrow the Revolving Loans.
2.02 Loans and Borrowings.
(a) Each Revolving Loan shall be made as part of a Borrowing consisting of Loans made by the Lenders ratably in accordance with their respective Commitments. The failure of any Lender to make any Loan required to be made by it shall not relieve any other Lender of its obligations hereunder; provided that the Commitments of the Lenders are several and no Lender shall be responsible for any other Lender’s failure to make Loans as required. Any Swingline Loan shall be made in accordance with the procedures set forth in Section 2.05.
(b) Subject to Section 2.14, each Borrowing shall be comprised entirely of ABR Loans, Foreign Currency Term Rate Loans, Foreign Currency Daily Rate Loans or Term SOFR Loans as the relevant Borrower may request in accordance herewith; provided that each ABR Loan shall only be made in Dollars. Each Swingline Loan shall be an ABR Loan. Each
Lender at its option may make any Loan by causing any domestic or foreign branch or Affiliate of such Lender to make such Loan (and in the case of an Affiliate, the provisions of Sections 2.14, 2.15, 2.16 and 2.17 shall apply to such Affiliate to the same extent as to such Lender); provided that any exercise of such option shall not affect the obligation of the relevant Borrower to repay such Loan in accordance with the terms of this Agreement.
(c) At the commencement of each Interest Period for any Term SOFR Borrowing or Foreign Currency Term Rate Borrowing, such Borrowing shall be in an aggregate amount that is an integral multiple of $250,000 (or, if such Borrowing is denominated in a Foreign Currency, 250,000 units of such currency) and not less than $1,000,000 (or, if such Borrowing is denominated in a Foreign Currency, 1,000,000 units of such currency). At the time that each Foreign Currency Daily Rate Borrowing is made, such Borrowing shall be in an aggregate amount that is an integral multiple of 250,000 units of such currency and not less than 1,000,000 units of such currency. At the time that each ABR Borrowing is made, such Borrowing shall be in an aggregate amount that is an integral multiple of $250,000 and not less than $1,000,000; provided that an ABR Borrowing may be in an aggregate amount that is equal to the entire unused balance of the aggregate Commitments or that is required to finance the reimbursement of an LC Disbursement as contemplated by Section 2.06(e). Borrowings of more than one Type may be outstanding at the same time; provided that there shall not at any time be more than a total of five (5) Term SOFR Borrowings and Foreign Currency Term Rate Borrowings outstanding.
(d) Notwithstanding any other provision of this Agreement, no Borrower shall be entitled to request, or to elect to convert or continue, any Borrowing if the Interest Period requested with respect thereto would end after the Termination Date.
(e) Any Loan to, or Letter of Credit issued on behalf of, any Dutch Borrower shall at all times be provided by a Lender that is a Dutch Non-Public Lender.
(f) With respect to any Foreign Currency Daily Rate, the Administrative Agent will have the right to make Conforming Changes from time to time and, notwithstanding anything to the contrary herein or in any other Loan Document, any amendments implementing such Conforming Changes will become effective without any further action or consent of any other party to this Agreement or any other Loan Document; provided that, with respect to any such amendment effected, the Administrative Agent shall post each such amendment implementing such Conforming Changes to the Borrowers and the Lenders reasonably promptly after such amendment becomes effective.
2.03 Requests for Borrowings. To request a Borrowing of a Revolving Loan, the Company (on its own behalf or on behalf of the applicable Borrower) shall notify the Administrative Agent of such request (a) by irrevocable written notice (via a written Borrowing Request in a form approved by the Administrative Agent and signed by the Company (on its own behalf or on behalf of the applicable Borrower) promptly followed by telephonic confirmation of such request), not later than 11:00 a.m., Local Time, (x) two (2) Business Days (in the case of a Term SOFR Borrowing) or by irrevocable written notice (via a written Borrowing Request in a form approved by the Administrative Agent and signed by such Borrower, or the Company on its
behalf), (y) three (3) Business Days (in the case of a Foreign Currency Term Rate Borrowing (other than Australian Dollars) or a Foreign Currency Daily Rate Borrowing) and (z) four (4) Business Days (in the case of a Foreign Currency Term Rate Borrowing denominated in Australian Dollars), in each case before the date of the proposed Borrowing or (b) by telephone in the case of an ABR Borrowing, not later than 11:00 a.m., New York City time, on the date of the proposed Borrowing; provided that any such notice of an ABR Borrowing to finance the reimbursement of an LC Disbursement as contemplated by Section 2.06(e) may be given not later than 10:00 a.m., New York City time, on the date of the proposed Borrowing; provided, further, that if the Borrower wishes to request Term SOFR Loans having an Interest Period other than one, three or six months in duration as provided in the definition of “Interest Period,” the applicable notice must be received by the Administrative Agent not later than 11:00 a.m., Local Time, four (4) Business Days prior to the requested date of such Borrowing, conversion or continuation, whereupon the Administrative Agent shall give prompt notice to the Lenders of such request and determine whether the requested Interest Period is acceptable to all of them. Not later than 11:00 a.m., Local Time, three (3) Business Days before the requested date of such Borrowing, conversion or continuation, the Administrative Agent shall notify the Borrower (which notice may be by telephone) whether or not the requested Interest Period has been consented to by all the Lenders and the Administrative Agent. Each such telephonic Borrowing Request shall be irrevocable and shall be confirmed promptly by hand delivery or telecopy to the Administrative Agent of a written Borrowing Request in a form approved by the Administrative Agent and signed by the Company (on its own behalf or on behalf of the applicable Borrower). Each such telephonic and written Borrowing Request shall specify the following information in compliance with Section 2.02:
(i) the name of the applicable Borrower;
(ii) the aggregate principal amount of the requested Borrowing;
(iii) the date of such Borrowing, which shall be a Business Day;
(iv) whether such Borrowing is to be an ABR Borrowing, Foreign Currency Term Rate Borrowing, Foreign Currency Daily Rate Borrowing or a Term SOFR Borrowing;
(v) in the case of a Term SOFR Borrowing or a Foreign Currency Term Rate Borrowing, the Agreed Currency and initial Interest Period to be applicable thereto, which shall be a period contemplated by the definition of the term “Interest Period”; and
(vi) the location and number of the applicable Borrower’s account to which funds are to be disbursed, which shall comply with the requirements of Section 2.07(a).
If no election as to the Type of Borrowing is specified, then, in the case of a Borrowing denominated in Dollars, the requested Borrowing shall be an ABR Borrowing. If no Interest Period is specified with respect to any requested Term SOFR Borrowing or Foreign Currency Term Rate Borrowing, then the relevant Borrower shall be deemed to have selected an Interest Period of one (1) month’s duration. Promptly following receipt of a Borrowing Request in
accordance with this Section, the Administrative Agent shall advise each Lender of the details thereof and of the amount of such Lender’s Loan to be made as part of the requested Borrowing.
2.04 [Intentionally Omitted].
2.05 Swingline Loans.
(a) The Swingline. Subject to the terms and conditions set forth herein, the Swingline Lender, in reliance upon the agreements of the other Lenders set forth in this Section, may in its sole discretion make loans to the Company (each such loan, a “Swingline Loan”). Each such Swingline Loan may be made, subject to the terms and conditions set forth herein, to the Company, in Dollars, from time to time on any Business Day. During the Availability Period in an aggregate amount not to exceed at any time outstanding the amount of the Swingline Sublimit, notwithstanding the fact that such Swingline Loans, when aggregated with the Applicable Percentage of the outstanding principal amount of Revolving Loans and LC Exposure of the Lender acting as Swingline Lender, may exceed the amount of such Lender’s Commitment; provided, however, that (i) after giving effect to any Swingline Loan, (A) the total Credit Exposure shall not exceed the Commitments at such time, and (B) the Credit Exposure of any Lender at such time shall not exceed such Lender’s Commitment, (ii) the Company shall not use the proceeds of any Swingline Loan to refinance any outstanding Swingline Loan, and (iii) the Swingline Lender shall not be under any obligation to make any Swingline Loan if it shall determine (which determination shall be conclusive and binding absent manifest error) that it has, or by such Credit Event may have, fronting exposure to a Defaulting Lender’s Applicable Percentage of Swingline Loans other than Swingline Loans as to which such Defaulting Lender’s participation obligation has been reallocated to other Lenders or cash collateralized in accordance with the terms hereof. Within the foregoing limits, and subject to the other terms and conditions hereof, the Company may borrow under this Section, prepay under Section 2.10, and reborrow under this Section. Each Swingline Loan shall bear interest only at a rate based on the Alternate Base Rate plus the Applicable Rate. Immediately upon the making of a Swingline Loan, each Lender shall be deemed to, and hereby irrevocably and unconditionally agrees to, purchase from the Swingline Lender a risk participation in such Swingline Loan in an amount equal to the product of such Lender’s Applicable Percentage times the amount of such Swingline Loan.
(b) Borrowing Procedures. Each Swingline Borrowing shall be made upon the Company’s irrevocable notice to the Swingline Lender and the Administrative Agent, which may be given by: (A) telephone or (B) a Swingline Loan Request; provided that any telephonic notice must be confirmed immediately by delivery to the Swingline Lender and the Administrative Agent of a Swingline Loan Request. Each such Swingline Loan Request must be received by the Swingline Lender and the Administrative Agent not later than 1:00 p.m. on the requested borrowing date, and shall specify (i) the amount to be borrowed, which shall be a minimum of $100,000, and (ii) the requested date of the Borrowing (which shall be a Business Day). Promptly after receipt by the Swingline Lender of any Swingline Loan Request, the Swingline Lender will confirm with the Administrative Agent (by telephone or in writing) that the Administrative Agent has also received such Swingline Loan Request and, if not, the Swingline Lender will notify the Administrative Agent (by telephone or in writing) of the
contents thereof. Unless the Swingline Lender has received notice (by telephone or in writing) from the Administrative Agent (including at the request of any Lender) prior to 2:00 p.m. on the date of the proposed Swingline Borrowing (A) directing the Swingline Lender not to make such Swingline Loan as a result of the limitations set forth in the first proviso to the first sentence of Section 2.05(a), or (B) that one or more of the applicable conditions specified in Article IV is not then satisfied, then, subject to the terms and conditions hereof, the Swingline Lender may make the amount of its Swingline Loan available to the Company at its office by crediting the account of the Company on the books of the Swingline Lender in immediately available funds.
(c) Refinancing of Swingline Loans.
(i) The Swingline Lender at any time in its sole discretion may request, on behalf of the Company (which hereby irrevocably authorizes the Swingline Lender to so request on its behalf), that each Lender make an ABR Loan in an amount equal to such Lender’s Applicable Percentage of the amount of Swingline Loans then outstanding. Such request shall be made in writing (which written request shall be deemed to be a Borrowing Request for purposes hereof) and in accordance with the requirements of Section 2.02, without regard to the minimum and multiples specified therein for the principal amount of ABR Loans, but subject to the unutilized portion of the Commitments and the conditions set forth in Section 4.02. The Swingline Lender shall furnish the Company with a copy of the applicable Borrowing Request promptly after delivering such notice to the Administrative Agent. Each Lender shall make an amount equal to its Applicable Percentage of the amount specified in such Borrowing Request available to the Administrative Agent in immediately available funds (and the Administrative Agent may apply cash collateral available with respect to the applicable Swingline Loan) for the account of the Swingline Lender at the Administrative Agent’s Office not later than 1:00 p.m. on the day specified in such Borrowing Request, whereupon, subject to Section 2.05(c)(ii), each Lender that so makes funds available shall be deemed to have made an ABR Loan to the Company in such amount. The Administrative Agent shall remit the funds so received to the Swingline Lender.
(ii) If for any reason any Swingline Loan cannot be refinanced by such a Borrowing in accordance with Section 2.05(c)(i), the request for ABR Loans submitted by the Swingline Lender as set forth herein shall be deemed to be a request by the Swingline Lender that each of the Lenders fund its risk participation in the relevant Swingline Loan and each Lender’s payment to the Administrative Agent for the account of the Swingline Lender pursuant to Section 2.05(c)(i) shall be deemed payment in respect of such participation.
(iii) If any Lender fails to make available to the Administrative Agent for the account of the Swingline Lender any amount required to be paid by such Lender pursuant to the foregoing provisions of this Section 2.05(c) by the time specified in Section 2.05(c)(i), the Swingline Lender shall be entitled to recover from such Lender (acting through the Administrative Agent), on demand, such amount with interest thereon for the period from the date such payment is required to the date on which such payment is immediately available to the Swingline Lender at a rate per annum equal to the greater of the Federal Funds Effective Rate and a rate determined by the Swingline Lender in accordance with banking industry rules on interbank compensation, plus any administrative, processing or similar fees customarily charged by the Swingline Lender in connection with the foregoing. If such Lender pays such amount (with interest and fees as aforesaid), the amount so paid shall constitute such Lender’s Loan included in the relevant Borrowing or funded participation in the relevant Swingline Loan, as the
case may be. A certificate of the Swingline Lender submitted to any Lender (through the Administrative Agent) with respect to any amounts owing under this clause (iii) shall be conclusive absent manifest error.
(iv) Each Lender’s obligation to make Revolving Loans or to purchase and fund risk participations in Swingline Loans pursuant to this Section 2.05(c) shall be absolute and unconditional and shall not be affected by any circumstance, including (A) any setoff, counterclaim, recoupment, defense or other right which such Lender may have against the Swingline Lender, the Company or any other Person for any reason whatsoever, (B) the occurrence or continuance of a Default or (C) any other occurrence, event or condition, whether or not similar to any of the foregoing; provided however, that each Lender’s obligation to make Revolving Loans pursuant to this Section 2.05(c) is subject to the conditions set forth in Section 4.02 (other than delivery by the Company of a Borrowing Request). No such funding of risk participations shall relieve or otherwise impair the obligation of the Company to repay Swingline Loans, together with interest as provided herein.
(d) Repayment of Participations.
(i) At any time after any Lender has purchased and funded a risk participation in a Swingline Loan, if the Swingline Lender receives any payment on account of such Swingline Loan, the Swingline Lender will distribute to such Lender its Applicable Percentage thereof in the same funds as those received by the Swingline Lender.
(ii) If any payment received by the Swingline Lender in respect of principal or interest on any Swingline Loan is required to be returned by the Swingline Lender under any of the circumstances described in Section 9.19 (including pursuant to any settlement entered into by the Swingline Lender in its discretion), each Lender shall pay to the Swingline Lender its Applicable Percentage thereof on demand of the Administrative Agent, plus interest thereon from the date of such demand to the date such amount is returned, at a rate per annum equal to the Federal Funds Effective Rate. The Administrative Agent will make such demand upon the request of the Swingline Lender. The obligations of the Lenders under this clause shall survive the payment in full of the Obligations and the termination of this Agreement.
(e) Interest for Account of Swingline Lender. The Swingline Lender shall be responsible for invoicing the Company for interest on the Swingline Loans. Until each Lender funds its ABR Loan or risk participation pursuant to this Section to refinance such Lender’s Applicable Percentage of any Swingline Loan, interest in respect of such Applicable Percentage shall be solely for the account of the Swingline Lender.
(f) Payments Directly to Swingline Lender. The Company shall make all payments of principal and interest in respect of the Swingline Loans directly to the Swingline Lender.
2.06 Letters of Credit.
(a) General. Subject to the terms and conditions set forth herein, the Company may request the issuance of Letters of Credit denominated in Agreed Currencies as the applicant thereof for the support of its or its Subsidiaries’ obligations, in a form reasonably acceptable to the Administrative Agent and the relevant Issuing Bank, at any time and from time to time during the Availability Period. In the event of any inconsistency between the terms and conditions of this Agreement and the terms and conditions of any form of letter of credit application or other agreement submitted by the Company to, or entered into by the Company
with, the relevant Issuing Bank relating to any Letter of Credit, the terms and conditions of this Agreement shall control. Schedule 2.06 contains a schedule of certain letters of credit issued by Bank of America, N.A. Upon the effectiveness of this Agreement, from and after the Effective Date, such letters of credit (to the extent that they were not already issued pursuant to this Section 2.06) shall be deemed to be Letters of Credit issued pursuant to this Section 2.06. Notwithstanding anything herein to the contrary, no Issuing Bank shall have any obligation hereunder to issue, and shall not issue, any Letter of Credit the proceeds of which would be made available to any Person (i) to fund any activity or business of or with any Sanctioned Person, or in any country or territory that, at the time of such funding, is the subject of any Sanctions or (ii) in any manner that would result in a violation of any Sanctions by any party to this Agreement. The Company unconditionally and irrevocably agrees that, in connection with any Letter of Credit issued for the support of any Subsidiary’s obligations as provided in the first sentence of this paragraph, the Company will be fully responsible for the reimbursement of LC Disbursements in accordance with the terms hereof, the payment of interest thereon and the payment of fees due under Section 2.12(b) to the same extent as if it were the sole account party in respect of such Letter of Credit (the Company hereby irrevocably waiving any defenses that might otherwise be available to it as a guarantor or surety of the obligations of such a Subsidiary that is an account party in respect of any such Letter of Credit).
(b) Notice of Issuance, Amendment, Renewal, Extension; Certain Conditions. To request the issuance of a Letter of Credit (or the amendment, renewal or extension of an outstanding Letter of Credit), the Company shall hand deliver or telecopy (or transmit by electronic communication, if arrangements for doing so have been approved by the relevant Issuing Bank) to the relevant Issuing Bank and the Administrative Agent (reasonably in advance of the requested date of issuance, amendment, renewal or extension) a notice requesting the issuance of a Letter of Credit, or identifying the Letter of Credit to be amended, renewed or extended, and specifying the date of issuance, amendment, renewal or extension (which shall be a Business Day), the date on which such Letter of Credit is to expire (which shall comply with paragraph (c) of this Section), the amount of such Letter of Credit, the Agreed Currency applicable thereto, the name and address of the beneficiary thereof and such other information as shall be necessary to prepare, amend, renew or extend such Letter of Credit. If requested by an Issuing Bank, the Company also shall submit a letter of credit application on such Issuing Bank’s standard form in connection with any request for a Letter of Credit. A Letter of Credit shall be issued, amended, renewed or extended only if (and upon issuance, amendment, renewal or extension of each Letter of Credit the Company shall be deemed to represent and warrant that), after giving effect to such issuance, amendment, renewal or extension (i) subject to the definition of “Computation Date” and Section 2.11(c), the Dollar Amount of the LC Exposure shall not exceed $25,000,000, (ii) subject to the definition of “Computation Date” and Section 2.11(c), the sum of the Dollar Amount of the total Credit Exposures shall not exceed the aggregate Commitments and (iii) subject to the definition of “Computation Date” and Section 2.11(c), the Dollar Amount of the aggregate face amount of all Letters of Credit issued and then outstanding by any Issuing Bank shall not exceed the LC Sublimit.
(c) Expiration Date. Each Letter of Credit shall expire (or be subject to termination by notice from the relevant Issuing Bank to the beneficiary thereof) at or prior to the
close of business on the date that is five Business Days prior to the Termination Date unless such Letter of Credit is an Extended Letter of Credit, in which case the expiry date shall not be later than the date which is three years after the Termination Date so long as the Company shall have complied with Section 2.06(j).
(d) Participations. By the issuance of a Letter of Credit (or an amendment to a Letter of Credit increasing the amount thereof) and without any further action on the part of the relevant Issuing Bank or the Lenders, the relevant Issuing Bank hereby grants to each Lender, and each Lender hereby acquires from the relevant Issuing Bank, a participation in such Letter of Credit equal to such Lender’s Applicable Percentage of the aggregate amount available to be drawn under such Letter of Credit. In consideration and in furtherance of the foregoing, each Lender hereby absolutely and unconditionally agrees to pay to the Administrative Agent, for the account of the relevant Issuing Bank, such Lender’s Applicable Percentage of each LC Disbursement made by such Issuing Bank and not reimbursed by the Company on the date due as provided in paragraph (e) of this Section, or of any reimbursement payment required to be refunded to the Company for any reason. Each Lender acknowledges and agrees that its obligation to acquire participations pursuant to this paragraph in respect of Letters of Credit is absolute and unconditional and shall not be affected by any circumstance whatsoever, including any amendment, renewal or extension of any Letter of Credit or the occurrence and continuance of a Default or reduction or termination of the Commitments, and that each such payment shall be made without any offset, abatement, withholding or reduction whatsoever.
(e) Reimbursement. If the relevant Issuing Bank shall make any LC Disbursement in respect of a Letter of Credit, the Company shall reimburse such LC Disbursement by paying to the Administrative Agent in Dollars the Dollar Amount equal to such LC Disbursement, calculated as of the date such Issuing Bank made such LC Disbursement (or if such Issuing Bank shall so elect in its sole discretion by notice to the Company, in such other Agreed Currency which was paid by such Issuing Bank pursuant to such LC Disbursement in an amount equal to such LC Disbursement) not later than 12:00 noon, Local Time, on the date that such LC Disbursement is made, if the Company shall have received notice of such LC Disbursement prior to 10:00 a.m., Local Time, on such date, or, if such notice has not been received by the Company prior to such time on such date, then not later than 12:00 noon, Local Time, on the Business Day immediately following the day that the Company receives such notice, if such notice is not received prior to such time on the day of receipt; provided that, if such LC Disbursement is not less than the Dollar Amount of $1,000,000, the Company may, subject to the conditions to borrowing set forth herein, request in accordance with Section 2.03 that such payment be financed with (i) an ABR Borrowing, Swingline Loan or Term SOFR Borrowing in Dollars in the Dollar Amount of such LC Disbursement or (ii) to the extent that such LC Disbursement was made in a Foreign Currency, a Foreign Currency Borrowing in such Foreign Currency (in the event such Foreign Currency is an Agreed Loan Currency) in an amount equal to such LC Disbursement and, in each case, to the extent so financed, the Company’s obligation to make such payment shall be discharged and replaced by the resulting ABR Borrowing, Term SOFR Borrowing, Foreign Currency Borrowing or Swingline Loan, as applicable. If the Company fails to make such payment when due, the Administrative Agent shall notify each Lender of the applicable LC Disbursement, the payment then due from the
Company in respect thereof and the Dollar Amount of such Lender’s Applicable Percentage thereof. Promptly following receipt of such notice, each Lender shall pay to the Administrative Agent its Applicable Percentage of the payment then due from the Company, in the same manner as provided in Section 2.07 with respect to Loans made by such Lender (and Section 2.07 shall apply, mutatis mutandis, to the payment obligations of the Lenders, provided that (x) such payment shall be payable by no later than 1:00 p.m. New York City time and (y) with respect to any such payment in respect of a Letter of Credit denominated in an Agreed LC Currency that is not an Agreed Loan Currency, any Lender may make such payment in Dollars in the Dollar Amount of such LC Disbursement), and the Administrative Agent shall promptly pay to the relevant Issuing Bank the amounts so received by it from the Lenders. Promptly following receipt by the Administrative Agent of any payment from the Company pursuant to this paragraph, the Administrative Agent shall distribute such payment to such Issuing Bank or, to the extent that Lenders have made payments pursuant to this paragraph to reimburse such Issuing Bank, then to such Lenders and such Issuing Bank as their interests may appear. Any payment made by a Lender pursuant to this paragraph to reimburse the relevant Issuing Bank for any LC Disbursement (other than the funding of an ABR Revolving Loan or a Swingline Loan as contemplated above) shall not constitute a Loan and shall not relieve the Company of its obligation to reimburse such LC Disbursement. If the Company’s reimbursement of, or obligation to reimburse, any amounts in any Agreed Currency other than Dollars would subject the Administrative Agent, any Issuing Bank or any Lender to any Other Tax that would not be payable if such reimbursement were made or required to be made in Dollars, the Company shall, at its option, either (x) pay the amount of any such tax requested by the Administrative Agent, the relevant Issuing Bank or the relevant Lender or (y) reimburse each LC Disbursement made in such Agreed Currency in Dollars, in an amount equal to the Equivalent Amount, calculated using the applicable exchange rates, on the date such LC Disbursement is made, of such LC Disbursement.
(f) Obligations Absolute. The Company’s obligation to reimburse LC Disbursements as provided in paragraph (e) of this Section shall be absolute, unconditional and irrevocable, and shall be performed strictly in accordance with the terms of this Agreement under any and all circumstances whatsoever and irrespective of (i) any lack of validity or enforceability of any Letter of Credit or this Agreement, or any term or provision therein, (ii) any draft or other document presented under a Letter of Credit proving to be forged, fraudulent or invalid in any respect or any statement therein being untrue or inaccurate in any respect, (iii) payment by the relevant Issuing Bank under a Letter of Credit against presentation of a draft or other document that does not comply with the terms of such Letter of Credit, or (iv) any other event or circumstance whatsoever, whether or not similar to any of the foregoing, that might, but for the provisions of this Section, constitute a legal or equitable discharge of, or provide a right of setoff against, the Company’s obligations hereunder. Neither the Administrative Agent, the Lenders nor the Issuing Banks, nor any of their Related Parties, shall have any liability or responsibility by reason of or in connection with the issuance or transfer of any Letter of Credit or any payment or failure to make any payment thereunder (irrespective of any of the circumstances referred to in the preceding sentence), or any error, omission, interruption, loss or delay in transmission or delivery of any draft, notice or other communication under or relating to any Letter of Credit (including any document required to make a drawing thereunder), any error in interpretation of
technical terms or any consequence arising from causes beyond the control of the relevant Issuing Bank; provided that the foregoing shall not be construed to excuse the relevant Issuing Bank from liability to the Company to the extent of any direct damages (as opposed to special, indirect, consequential or punitive damages, claims in respect of which are hereby waived by the Company to the extent permitted by applicable law) suffered by the Company that are caused by such Issuing Bank’s failure to exercise care when determining whether drafts and other documents presented under a Letter of Credit comply with the terms thereof. The parties hereto expressly agree that, in the absence of gross negligence or willful misconduct on the part of such Issuing Bank (as finally determined by a court of competent jurisdiction), such Issuing Bank shall be deemed to have exercised care in each such determination. In furtherance of the foregoing and without limiting the generality thereof, the parties agree that, with respect to documents presented which appear on their face to be in substantial compliance with the terms of a Letter of Credit, each Issuing Bank may, in its sole discretion, either accept and make payment upon such documents without responsibility for further investigation, regardless of any notice or information to the contrary, or refuse to accept and make payment upon such documents if such documents are not in strict compliance with the terms of such Letter of Credit.
(g) Disbursement Procedures. Each Issuing Bank shall, promptly following its receipt thereof, examine all documents purporting to represent a demand for payment under a Letter of Credit. Each Issuing Bank shall promptly notify the Administrative Agent and the Company by telephone (confirmed by telecopy) of such demand for payment and whether such Issuing Bank has made or will make an LC Disbursement thereunder; provided that any failure to give or delay in giving such notice shall not relieve the Company of its obligation to reimburse such Issuing Bank and/or the Lenders with respect to any such LC Disbursement.
(h) Interim Interest. If any Issuing Bank shall make any LC Disbursement, then, unless the Company shall reimburse such LC Disbursement in full as required by paragraph (e) above, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Company reimburses such LC Disbursement, at the rate per annum then applicable to ABR Loans (or in the case such LC Disbursement is denominated in a Foreign Currency, at the Overnight Foreign Currency Rate for such Agreed Currency plus the then effective Applicable Rate with respect to Foreign Currency Loans); provided that, if the Company fails to reimburse such LC Disbursement when due pursuant to paragraph (e) of this Section, then Section 2.13(c) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the relevant Issuing Bank, except that interest accrued on and after the date of payment by any Lender pursuant to paragraph (e) of this Section to reimburse such Issuing Bank shall be for the account of such Lender to the extent of such payment.
(i) Replacement of the Issuing Bank. Any Issuing Bank may be replaced at any time by written agreement among the Company, the Administrative Agent, the replaced Issuing Bank and the successor Issuing Bank. The Administrative Agent shall notify the Lenders of any such replacement of any Issuing Bank. At the time any such replacement shall become effective, the Company shall pay all unpaid fees accrued for the account of the replaced Issuing Bank pursuant to Section 2.12(b). From and after the effective date of any such replacement, (i)
the successor Issuing Bank shall have all the rights and obligations of an Issuing Bank under this Agreement with respect to Letters of Credit to be issued thereafter and (ii) references herein to the term “Issuing Bank” shall be deemed to refer to such successor or to any previous Issuing Bank, or to such successor and all previous Issuing Banks, as the context shall require. After the replacement of an Issuing Bank hereunder, the replaced Issuing Bank shall remain a party hereto and shall continue to have all the rights and obligations of an Issuing Bank under this Agreement with respect to Letters of Credit then outstanding and issued by it prior to such replacement, but shall not be required to issue additional Letters of Credit.
(j) Cash Collateralization. If (x) any Event of Default shall occur and be continuing, on the Business Day that the Company receives notice from the Administrative Agent or the Required Lenders (or, if the maturity of the Loans has been accelerated, Lenders with LC Exposure representing greater than 50% of the total LC Exposure) demanding the deposit of cash collateral pursuant to this paragraph or (y) the Company requests, and the relevant Issuing Bank approves, the issuance of an Extended Letter of Credit, the Company shall either (A) cover by arranging for the issuance of one or more standby letters of credit issued by an issuer, and otherwise on terms and conditions, satisfactory to the Administrative Agent or (B) deposit in an account with the Administrative Agent, in the name of the Administrative Agent and for the benefit of the Lenders, an amount in cash equal to 105% of the Dollar Amount of the LC Exposure in respect of such Extended Letter of Credit (in the case of the foregoing clause (y)) or in the aggregate (in the case of the foregoing clause (x)) as of such date plus any accrued and unpaid interest thereon; provided that (i) the portions of such amount attributable to undrawn Foreign Currency Letters of Credit or LC Disbursements in a Foreign Currency that the Company is not late in reimbursing shall be deposited in the applicable Foreign Currencies in the actual amounts of such undrawn Letters of Credit and LC Disbursements and (ii) the obligation to provide such letter of credit cover or deposit such cash collateral shall (1) be required by no later than five (5) Business Days prior to the Termination Date in the case of an Extended Letter of Credit and (2) become effective immediately, and such cover or deposit shall become immediately due and payable, without demand or other notice of any kind, upon the occurrence of any Event of Default with respect to the Company described in clause (h) or (i) of Article VII. For the purposes of this paragraph, the Foreign Currency LC Exposure shall be calculated using the applicable Exchange Rate on the date notice demanding cash collateralization is delivered to the Company. The Company also shall deposit cash collateral pursuant to this paragraph as and to the extent required by Section 2.11(c). Such cover and deposit shall be held by the Administrative Agent in interest-bearing accounts selected at the option and sole discretion of the Administrative Agent and at the Company’s risk and expense as collateral for the payment and performance of the obligations of the Company under this Agreement. The Administrative Agent shall have exclusive dominion and control, including the exclusive right of withdrawal, over such account. Moneys in such account shall be applied by the Administrative Agent to reimburse the relevant Issuing Bank for LC Disbursements for which it has not been reimbursed and, to the extent not so applied, shall be held for the satisfaction of the reimbursement obligations of the Company for the LC Exposure at such time or, if the maturity of the Loans has been accelerated (but subject to the consent of Lenders with LC Exposure representing greater than 50% of the total LC Exposure), be applied to satisfy other obligations of the Borrowers under this Agreement. If the Company is required to provide an amount of letter of credit cover
or cash collateral hereunder as a result of the occurrence of an Event of Default, such amount (to the extent not applied as aforesaid) shall be returned to the Company within three Business Days after all Events of Default have been cured or waived.
(k) Issuing Bank Agreements. Each Issuing Bank agrees that, unless otherwise requested by the Administrative Agent, such Issuing Bank shall report in writing to the Administrative Agent (i) on or prior to each Business Day on which such Issuing Bank expects to issue, amend, renew or extend any Letter of Credit, the date of such issuance, amendment, renewal or extension, and the aggregate face amount of the Letters of Credit to be issued, amended, renewed or extended by it and outstanding after giving effect to such issuance, amendment, renewal or extension occurred (and whether the amount thereof changed), it being understood that such Issuing Bank shall not permit any issuance, renewal, extension or amendment resulting in an increase in the amount of any Letter of Credit to occur without first obtaining written confirmation from the Administrative Agent that it is then permitted under this Agreement, (ii) on each Business Day on which such Issuing Bank pays any amount in respect of one or more drawings under Letters of Credit, the date of such payment(s) and the amount of such payment(s), (iii) on any Business Day on which the Borrowers fail to reimburse any amount required to be reimbursed to such Issuing Bank on such day, the date of such failure and the amount and currency of such payment in respect of Letters of Credit and (iv) on any other Business Day, such other information as the Administrative Agent shall reasonably request.
2.07 Funding of Borrowings.
(a) Each Lender shall make each Loan to be made by it hereunder on the proposed date thereof by wire transfer of immediately available funds (i) in the case of Loans denominated in Dollars, by 12:00 noon, New York City time, to the account of the Administrative Agent most recently designated by it for such purpose by notice to the Lenders and (ii) in the case of each Loan denominated in a Foreign Currency, by 12:00 noon, Local Time, in the city of the Administrative Agent’s Eurocurrency Payment Office for such currency and at such Eurocurrency Payment Office for such currency and Borrower; provided that Swingline Loans shall be made as provided in Section 2.05. The Administrative Agent will make such Loans available to the relevant Borrower by promptly crediting the amounts so received, in like funds, to (x) an account of the Company maintained with the Administrative Agent in New York City or Chicago or any other account as is designated by the Company in the applicable Swingline Request or Borrowing Request, in the case of Loans denominated in Dollars and (y) an account of such Borrower in the relevant jurisdiction and designated by such Borrower in the applicable Borrowing Request, in the case of Loans denominated in a Foreign Currency; provided that ABR Loans made to finance the reimbursement of an LC Disbursement as provided in Section 2.06(e) shall be remitted by the Administrative Agent to the relevant Issuing Bank.
(b) Unless the Administrative Agent shall have received notice from a Lender prior to the proposed date of any Borrowing that such Lender will not make available to the Administrative Agent such Lender’s share of such Borrowing, the Administrative Agent may assume that such Lender has made such share available on such date in accordance with paragraph (a) of this Section and may, in reliance upon such assumption, make available to the
relevant Borrower a corresponding amount. In such event, if a Lender has not in fact made its share of the applicable Borrowing available to the Administrative Agent, then the applicable Lender and such Borrower severally agree to pay to the Administrative Agent forthwith on demand such corresponding amount with interest thereon, for each day from and including the date such amount is made available to such Borrower to but excluding the date of payment to the Administrative Agent, at (i) in the case of such Lender, the greater of the Federal Funds Effective Rate and a rate determined by the Administrative Agent in accordance with banking industry rules on interbank compensation (including without limitation the Overnight Foreign Currency Rate in the case of Loans denominated in a Foreign Currency) or (ii) in the case of such Borrower, the interest rate applicable to ABR Loans. If such Lender pays such amount to the Administrative Agent, then such amount shall constitute such Lender’s Loan included in such Borrowing.
(c) Notwithstanding anything to the contrary in this Agreement, any Lender may exchange, continue or rollover all of the portion of its Loans in connection with any refinancing, extension, loan modification or similar transaction to the extent otherwise permitted by the terms of this Agreement, pursuant to a cashless settlement mechanism approved by the Borrower, the Administrative Agent, and such Lender.
2.08 Interest Elections.
(a) Each Borrowing initially shall be of the Type specified in the applicable Borrowing Request and, in the case of a Term SOFR Borrowing or a Foreign Currency Term Rate Borrowing, shall have an initial Interest Period as specified in such Borrowing Request. Thereafter, the relevant Borrower may elect to convert such Borrowing to a different Type or to continue such Borrowing and, in the case of a Term SOFR Borrowing or a Foreign Currency Term Rate Borrowing, may elect Interest Periods therefor, all as provided in this Section. A Borrower may elect different options with respect to different portions of the affected Borrowing, in which case each such portion shall be allocated ratably among the Lenders holding the Loans comprising such Borrowing, and the Loans comprising each such portion shall be considered a separate Borrowing. Notwithstanding anything to the contrary herein, a Swingline Loan may not be converted to a Term SOFR Loan or a Foreign Currency Term Rate Loan.
(b) To make an election pursuant to this Section, a Borrower, or the Company on its behalf, shall notify the Administrative Agent of such election (by telephone or irrevocable written notice in the case of a Borrowing denominated in Dollars or by irrevocable written notice (via an Interest Election Request in a form approved by the Administrative Agent and signed by such Borrower, or the Company on its behalf) in the case of a Borrowing denominated in a Foreign Currency) by the time that a Borrowing Request would be required under Section 2.03 if such Borrower were requesting a Borrowing of the Type resulting from such election to be made on the effective date of such election. Each such telephonic Interest Election Request shall be irrevocable and shall be confirmed promptly by hand delivery or telecopy to the Administrative Agent of a written Interest Election Request in a form approved by the Administrative Agent and signed by the relevant Borrower, or the Company on its behalf. Notwithstanding any contrary provision herein, this Section shall not be construed to permit any Borrower to (i) change the currency of any Borrowing, (ii) elect an Interest Period for Term SOFR Loans or a Foreign
Currency Term Rate Borrowing that does not comply with Section 2.02(d) or (iii) convert any Borrowing to a Borrowing of a Type not available for such Borrowing. Except as otherwise provided herein, a Term SOFR Loan may be continued or converted only on the last day of an Interest Period for such Term SOFR Loan.
(c) Each telephonic and written Interest Election Request shall specify the following information in compliance with Section 2.02:
(i) the name of the applicable Borrower and the Borrowing to which such Interest Election Request applies and, if different options are being elected with respect to different portions thereof, the portions thereof to be allocated to each resulting Borrowing (in which case the information to be specified pursuant to clauses (iii) and (iv) below shall be specified for each resulting Borrowing);
(ii) the effective date of the election made pursuant to such Interest Election Request, which shall be a Business Day;
(iii) whether the resulting Borrowing is to be an ABR Borrowing, a Foreign Currency Term Rate Borrowing, a Foreign Currency Daily Rate Borrowing or a Term SOFR Borrowing; and
(iv) if the resulting Borrowing is a Term SOFR Borrowing or a Foreign Currency Term Rate Borrowing, the Agreed Currency and Interest Period to be applicable thereto after giving effect to such election, which Interest Period shall be a period contemplated by the definition of the term “Interest Period”.
If any such Interest Election Request requests a Term SOFR Borrowing or a Foreign Currency Term Rate Borrowing but does not specify an Interest Period, then the applicable Borrower shall be deemed to have selected an Interest Period of one month’s duration.
(d) Promptly following receipt of an Interest Election Request, the Administrative Agent shall advise each Lender of the details thereof and of such Lender’s portion of each resulting Borrowing.
(e) If the Company (on its own behalf or on behalf of the applicable Borrower) fails to deliver a timely Interest Election Request with respect to a Term SOFR Borrowing or a Foreign Currency Term Rate Borrowing prior to the end of the Interest Period applicable thereto, then, unless such Borrowing is repaid as provided herein, at the end of such Interest Period (i) in the case of a Borrowing denominated in Dollars, such Borrowing shall be converted to an ABR Borrowing and (ii) in the case of a Borrowing denominated in a Foreign Currency in respect of which the applicable Borrower shall have failed to deliver an Interest Election Request prior to the third (3rd) Business Day preceding the end of such Interest Period, such Borrowing shall automatically continue as a Foreign Currency Term Rate Borrowing in the same Agreed Currency with an Interest Period of one month unless such Foreign Currency Term Rate Borrowing is or was repaid in accordance with Section 2.11. Notwithstanding any contrary provision hereof, if an Event of Default has occurred and is continuing and the Administrative Agent, at the request of the Required Lenders, so notifies the Company, then, so long as an Event of Default is continuing (i) no outstanding Borrowing denominated in Dollars may be converted
to or continued as a Term SOFR Borrowing, (ii) unless repaid, each Term SOFR Borrowing shall be converted to an ABR Borrowing at the end of the Interest Period applicable thereto and (iii) unless repaid, each Foreign Currency Term Rate Borrowing denominated in a Foreign Currency shall automatically be continued as a Foreign Currency Term Rate Borrowing with an Interest Period of one month.
2.09 Termination and Reduction of Commitments.
(a) Unless previously terminated, the Commitments shall terminate on the Termination Date.
(b) The Company may at any time terminate, or from time to time reduce, the Commitments; provided that (i) each reduction of the Commitments shall be in an amount that is an integral multiple of $1,000,000 and not less than $5,000,000 and (ii) the Company shall not terminate or reduce the Commitments if, after giving effect to any concurrent prepayment of the Loans and reimbursement of LC Disbursements in accordance with Section 2.11, the Dollar Amount of the sum of the Credit Exposures would exceed the aggregate Commitments.
(c) The Company shall notify the Administrative Agent of any election to terminate or reduce the Commitments under paragraph (b) of this Section at least three Business Days prior to the effective date of such termination or reduction, specifying such election and the effective date thereof. Promptly following receipt of any notice, the Administrative Agent shall advise the Lenders of the contents thereof. Each notice delivered by the Company pursuant to this Section shall be irrevocable; provided that a notice of termination of the Commitments delivered by the Company may state that such notice is conditioned upon the effectiveness of other credit facilities or financings, in which case such notice may be revoked by the Company (by notice to the Administrative Agent on or prior to the specified effective date) if such condition is not satisfied. Any termination or reduction of the Commitments shall be permanent (but shall not impact the Company’s ability to exercise the expansion option described in Section 2.20). Each reduction of the Commitments shall be made ratably among the Lenders in accordance with their respective Commitments.
2.10 Repayment of Loans; Evidence of Debt.
(a) Each Borrower hereby unconditionally promises to pay (i) to the Administrative Agent for the account of each Lender the then unpaid principal amount of each Loan made to such Borrower on the Termination Date in the currency of such Loan and (ii) to the Administrative Agent for the account of the Swingline Lender the then unpaid principal amount of each Swingline Loan on the earlier of the Termination Date and the tenth (10th) Business Day after such Swingline Loan is made.
(b) Each Lender shall maintain in accordance with its usual practice an account or accounts evidencing the indebtedness of each Borrower to such Lender resulting from each Loan made by such Lender, including the amounts of principal and interest payable and paid to such Lender from time to time hereunder.
(c) The Administrative Agent shall maintain accounts in which it shall record (i) the amount of each Loan made hereunder, Agreed Currency and Type thereof and the Interest Period applicable thereto, (ii) the amount of any principal or interest due and payable or to become due and payable from each Borrower to each Lender hereunder and (iii) the amount of any sum received by the Administrative Agent hereunder for the account of the Lenders and each Lender’s share thereof.
(d) The entries made in the accounts maintained pursuant to paragraph (b) or (c) of this Section shall be conclusive evidence (absent manifest error) of the existence and amounts of the obligations recorded therein; provided that the failure of any Lender or the Administrative Agent to maintain such accounts or any error therein shall not in any manner affect the obligation of any Borrower to repay the Loans in accordance with the terms of this Agreement.
(e) Any Lender may request that Loans made by it to any Borrower be evidenced by a promissory note. In such event, the relevant Borrower shall prepare, execute and deliver to such Lender a promissory note payable to the order of such Lender (or, if requested by such Lender, to such Lender and its registered assigns) and in a form approved by the Administrative Agent. Thereafter, the Loans evidenced by such promissory note and interest thereon shall at all times (including after assignment pursuant to Section 9.04) be represented by one or more promissory notes in such form payable to the order of the payee named therein (or, if any such promissory note is a registered note, to such payee and its registered assigns).
2.11 Prepayment of Loans.
(a) Any Borrower shall have the right at any time and from time to time to prepay any Revolving Loans in whole or in part, subject to prior notice in accordance with the provisions of this Section 2.11(a). The Company (on its own behalf or on behalf of the applicable Borrower) shall deliver to the Administrative Agent a Notice of Loan Prepayment (promptly followed by telephonic confirmation of such request) of any prepayment hereunder (i) in the case of prepayment of a Term SOFR Borrowing, not later than 11:00 a.m., Local Time, two (2) Business Days before the date of prepayment, (ii) in the case of prepayment of a Foreign Currency Borrowing, not later than 11:00 a.m., Local Time, three (3) Business Days before the date of prepayment, or (iii) in the case of prepayment of an ABR Borrowing, not later than 11:00 a.m., New York City time, one (1) Business Day before the date of prepayment. Each such notice shall be irrevocable and shall specify the prepayment date and the principal amount of each Revolving Loan or portion thereof to be prepaid; provided that, if a notice of prepayment is given in connection with a conditional notice of termination of the Commitments as contemplated by Section 2.09, then such notice of prepayment may be revoked if such notice of termination is revoked in accordance with Section 2.09. Promptly following receipt of any such notice relating to a Revolving Loan, the Administrative Agent shall advise the Lenders of the contents thereof. Each partial prepayment of any Revolving Loan shall be in an amount that would be permitted in the case of an advance of a Revolving Loan of the same Type as provided in Section 2.02. Each prepayment of a Borrowing shall be applied ratably to the Revolving Loans included in the prepaid Borrowing. Prepayments shall be accompanied by (i) accrued
interest to the extent required by Section 2.13(d) and (ii) break funding payments pursuant to Section 2.16.
(b) The Company may, upon notice to the Swingline Lender pursuant to delivery to the Swingline Lender of a Notice of Loan Prepayment (with a copy to the Administrative Agent), at any time or from time to time, voluntarily prepay Swingline Loans in whole or in part without premium or penalty; provided that, unless otherwise agreed by the Swingline Lender, (A) such notice must be received by the Swingline Lender and the Administrative Agent not later than 1:00 p.m. on the date of the prepayment, and (B) any such prepayment shall be in a minimum principal amount of $100,000 or a whole multiple of $100,000 in excess hereof (or, if less, the entire principal thereof then outstanding). Each such notice shall specify the date and amount of such prepayment. If such notice is given by the Company, the Company shall make such prepayment and the payment amount specified in such notice shall be due and payable on the date specified therein. Any prepayment of principal shall be accompanied by all accrued interest on the amount prepaid, together with any additional amounts required pursuant to Section 2.16.
(c) If at any time, (i) other than as a result of fluctuations in currency exchange rates, the sum of the aggregate principal Dollar Amount of all of the Credit Exposures (calculated, with respect to those Credit Events denominated in Foreign Currencies, as of the most recent Computation Date with respect to each such Credit Event) exceeds the aggregate Commitments or (ii) solely as a result of fluctuations in currency exchange rates, the sum of the aggregate principal Dollar Amount of all of the Credit Exposures (so calculated) exceeds 105% of the aggregate Commitments, the Borrowers shall in each case immediately repay Borrowings or cash collateralize LC Exposure in an account with the Administrative Agent pursuant to Section 2.06(j), as applicable, in an aggregate principal amount sufficient to cause the aggregate Dollar Amount of all Credit Exposures (so calculated) to be less than or equal to the aggregate Commitments.
(d) On the date ninety (90) days prior to a Convertible Indebtedness Maturity Date, prepayment shall be made on the Obligations, in whole, in an amount equal to one hundred percent (100%) of the outstanding principal amount thereof, unless:
(i) such Convertible Indebtedness Maturity Date is waived or extended to a later date, in either such case, by the holders of the applicable Permitted Convertible Indebtedness;
(ii) the Borrowers can demonstrate (1) Liquidity in an amount at least equal to the principal amount of the Permitted Convertible Indebtedness due on such Convertible Indebtedness Maturity Date and (2) compliance with the financial covenants contained in Section 6.11 after giving effect to such payments or satisfaction of such payment obligations and the incurrence of any additional Consolidated Total Indebtedness on a pro forma basis; or
(iii) the requirements of this Section 2.11(d) shall be waived, extended or otherwise modified by the Required Lenders.
(e) All amounts required to be prepaid pursuant to Sections 2.11(d) shall be applied as follows: first, ratably to the LC Disbursements and the Swingline Loans, second, to the outstanding Revolving Loans, and, third, to cash collateralize the remaining LC Exposure.
2.12 Fees.
(a) The Company agrees to pay to the Administrative Agent for the account of each Lender, in accordance with its Applicable Percentage, a commitment fee equal to the Applicable Rate times the actual daily amount by which the aggregate Commitments exceeds the sum of (i) the outstanding principal amount of Revolving Loans and (ii) the amount of LC Exposure, subject to adjustment as provided in Section 2.24; provided that, if such Lender continues to have any Credit Exposure after its Commitment terminates, then such commitment fee shall continue to accrue on the daily amount of such Lender’s Credit Exposure from and including the date on which its Commitment terminates to but excluding the date on which such Lender ceases to have any Credit Exposure. For the avoidance of doubt, the outstanding principal amount of Swingline Loans shall not be counted towards or considered usage of the Commitments for purposes of determining the commitment fee. Accrued commitment fees shall be payable in arrears on the last day of March, June, September and December of each year and on the date on which the Commitments terminate, commencing on the first such date to occur after the Effective Date; provided that any commitment fees accruing after the date on which the Commitments terminate shall be payable on demand. All commitment fees shall be computed on the basis of a year of 360 days and shall be payable for the actual number of days elapsed (including the first day but excluding the last day).
(b) The Company agrees to pay (i) to the Administrative Agent for the account of each Lender a participation fee with respect to its participations in Letters of Credit, which shall accrue at the same Applicable Rate used to determine the interest rate applicable to Term SOFR Loans on the average daily Dollar Amount of such Lender’s LC Exposure (excluding any portion thereof attributable to unreimbursed LC Disbursements) during the period from and including the Effective Date to but excluding the later of the date on which such Lender’s Commitment terminates and the date on which such Lender ceases to have any LC Exposure and (ii) to the relevant Issuing Bank for its own account a fronting fee, which shall accrue at the rate of 0.125% per annum on the average daily Dollar Amount of the LC Exposure (excluding any portion thereof attributable to unreimbursed LC Disbursements) attributable to Letters of Credit issued by such Issuing Bank during the period from and including the Effective Date to but excluding the later of the date of termination of the Commitments and the date on which there ceases to be any LC Exposure, as well as such Issuing Bank’s standard fees and commissions with respect to the issuance, amendment, cancellation, negotiation, transfer, presentment, renewal or extension of any Letter of Credit or processing of drawings thereunder. Unless otherwise specified above, participation fees and fronting fees accrued through and including the last day of March, June, September and December of each year shall be payable on the third (3rd) Business Day following such last day, commencing on the first such date to occur after the Effective Date; provided that all such fees shall be payable on the date on which the Commitments terminate and any such fees accruing after the date on which the Commitments terminate shall be payable on demand. Any other fees payable to any Issuing Bank pursuant to
this paragraph shall be payable within ten (10) days after demand. All participation fees and fronting fees shall be computed on the basis of a year of 360 days and shall be payable for the actual number of days elapsed (including the first day but excluding the last day). Participation fees and fronting fees in respect of Letters of Credit denominated in Dollars shall be paid in Dollars, and participation fees and fronting fees in respect of Letters of Credit denominated in a Foreign Currency shall be paid in such Foreign Currency.
(c) The Company agrees to pay to the Administrative Agent, for its own account, fees payable in the amounts and at the times separately agreed upon between the Company and the Administrative Agent.
(d) All fees payable hereunder shall be paid on the dates due, in Dollars (except as otherwise expressly provided in this Section 2.12) and immediately available funds, to the Administrative Agent (or to each Issuing Bank, in the case of fees payable to it) for distribution, in the case of commitment fees and participation fees, to the applicable Lenders. Fees (other than fees calculated in error) paid shall not be refundable under any circumstances.
2.13 Interest.
(a) The Loans comprising each ABR Borrowing (including each Swingline Loan) shall bear interest at the Alternate Base Rate plus the Applicable Rate for ABR Loans.
(b) The Loans comprising each Term SOFR Borrowing shall bear interest at the Term SOFR for the Interest Period in effect for such Borrowing plus the Applicable Rate for Term SOFR Loans.
(c) The Loans comprising each Foreign Currency Term Rate Borrowing shall bear interest at the Foreign Currency Term Rate for the Interest Period in effect for such Borrowing plus the Applicable Rate for Foreign Currency Term Rate Loans.
(d) The Loans comprising each Foreign Currency Daily Rate Borrowing shall bear interest on the outstanding principal amount thereof from the applicable borrowing date at a rate per annum equal to the Foreign Currency Daily Rate plus the Applicable Rate for Foreign Currency Daily Rate Loans.
(e) Notwithstanding the foregoing, if any principal of or interest on any Loan or any fee or other amount payable by any Borrower hereunder is not paid when due, whether at stated maturity, upon acceleration or otherwise, such overdue amount shall bear interest, after as well as before judgment, at a rate per annum equal to (i) in the case of overdue principal of any Loan, 2% plus the rate otherwise applicable to such Loan as provided in the preceding paragraphs of this Section or (ii) in the case of any other amount, 2% plus the rate applicable to ABR Loans as provided in paragraph (a) of this Section.
(f) Accrued interest on each Loan shall be payable in arrears on each Interest Payment Date for such Loan and upon termination of the Commitments; provided that (i) interest accrued pursuant to paragraph (c) of this Section shall be payable on demand, (ii) in the event of any repayment or prepayment of any Loan (other than a prepayment of an ABR Loan prior to the
end of the Availability Period), accrued interest on the principal amount repaid or prepaid shall be payable on the date of such repayment or prepayment and (iii) in the event of any conversion of any Term SOFR Loan prior to the end of the current Interest Period therefor, accrued interest on such Loan shall be payable on the effective date of such conversion.
(g) All interest hereunder shall be computed on the basis of a year of 360 days, except that interest (i) computed by reference to the Alternate Base Rate shall be computed on the basis of a year of 365 days (or 366 days in a leap year) and (ii) for Borrowings denominated in British Pounds Sterling or Australian Dollars shall be computed on the basis of a year of 365 days, and in each case shall be payable for the actual number of days elapsed (including the first day but excluding the last day). The applicable Alternate Base Rate, Foreign Currency Daily Rate, Foreign Currency Term Rate, Term SOFR, Term SOFR Screen Rate or Daily Simple SOFR shall be determined by the Administrative Agent, and such determination shall be conclusive absent manifest error.
2.14 Inability to Determine Rates.
(a) If in connection with any request for a Term SOFR Loan or Foreign Currency Loan or a conversion of ABR Loans to Term SOFR Loans or a continuation of any of such Loans, as applicable, (i) the Administrative Agent determines (which determination shall be conclusive absent manifest error) that (A) no Successor Rate for the Relevant Rate for the applicable Agreed Currency has been determined in accordance with Section 2.14(b) or Section 2.14(c), as applicable, and the circumstances under clause (i) of Section 2.14(b) or the Scheduled Unavailability Date has occurred with respect to such Relevant Rate (as applicable) or (B) adequate and reasonable means do not otherwise exist for determining the Relevant Rate for the applicable Agreed Currency for any determination date(s) or requested Interest Period, as applicable, with respect to a proposed Term SOFR Loan or a Foreign Currency Loan or in connection with an existing or proposed ABR Loan, or (ii) the Administrative Agent or the Required Lenders determine that for any reason that the Relevant Rate with respect to a proposed Loan denominated in an Agreed Currency for any requested Interest Period or determination date(s) does not adequately and fairly reflect the cost to such Lenders of funding such Loan, the Administrative Agent will promptly so notify the Company and each Lender. Thereafter, (x) the obligation of the Lenders to make or maintain Loans in the affected currencies, as applicable, or to convert ABR Loans to Term SOFR Loans, shall be suspended in each case to the extent of the affected Loans or Interest Period or determination date(s), as applicable, and (y) in the event of a determination described in the preceding sentence with respect to the Term SOFR component of the Alternate Base Rate, the utilization of the Term SOFR component in determining the Alternate Base Rate shall be suspended, in each case until the Administrative Agent (or, in the case of a determination by the Required Lenders described in clause (ii) of Section 2.14(a), until the Administrative Agent upon instruction of the Required Lenders) revokes such notice. Upon receipt of such notice, (1) the Borrowers may revoke any pending request for a Borrowing of, or conversion to Term SOFR Loans, or Borrowing of, or a continuation of Foreign Currency Loans to the extent of the affected Loans or Interest Period or determination date(s), as applicable or, failing that, will be deemed to have converted such request into a request for a Borrowing of ABR Loans denominated in Dollars in the Dollar
Amount specified therein and (2) any outstanding affected Foreign Currency Loans, at the Borrowers’ election, shall either (1) be converted into a Borrowing of ABR Loans denominated in Dollars in the Dollar Amount of such outstanding Foreign Currency Loan immediately, in the case of a Foreign Currency Daily Rate Loan or at the end of the applicable Interest Period, in the case of a Foreign Currency Term Rate Loan, or (2) be prepaid in full immediately, in the case of a Foreign Currency Daily Rate Loan or at the end of the applicable Interest Period, in the case of a Foreign Currency Term Rate Loan; provided that if no election is made by the applicable Borrower (x) in the case of a Foreign Currency Daily Rate Loan, by the date that is three (3) Business Days after receipt by the applicable Borrower of such notice or (y) in the case of a Foreign Currency Term Rate Loan, by the last day of the current Interest Period for the applicable Foreign Currency Term Rate Loan, the applicable Borrower shall be deemed to have elected clause (1) above.
(b) Notwithstanding anything to the contrary in this Agreement or any other Loan Documents, (x) for purposes of this Section 2.14(b), the term “Agreed Currency” shall not include Dollars and (y) if the Administrative Agent determines (which determination shall be conclusive absent manifest error), or the Borrowers or Required Lenders notify the Administrative Agent (with, in the case of the Required Lenders, a copy to the Borrowers) that the Borrowers or Required Lenders (as applicable) have determined, that:
(i) adequate and reasonable means do not exist for ascertaining the Relevant Rate for an Agreed Currency because none of the tenors of such Relevant Rate (including any forward-looking term rate thereof) is available or published on a current basis and such circumstances are unlikely to be temporary; or
(ii) the Applicable Authority has made a public statement identifying a specific date after which all tenors of the Relevant Rate for an Agreed Currency (including any forward-looking term rate thereof) shall or will no longer be representative or made available, or used for determining the interest rate of syndicated loans denominated in such Agreed Currency, or shall or will otherwise cease, provided that, in each case, at the time of such statement, there is no successor administrator that is satisfactory to the Administrative Agent that will continue to provide such representative tenor(s) of the Relevant Rate for such Agreed Currency (the latest date on which all tenors of the Relevant Rate for such Agreed Currency (including any forward-looking term rate thereof) are no longer representative or available permanently or indefinitely, the “Scheduled Unavailability Date”); or
(iii) syndicated loans currently being executed and agented in the U.S., are being executed or amended (as applicable) to incorporate or adopt a new benchmark interest rate to replace the Relevant Rate for an Agreed Currency
or if the events or circumstances of the type described in Section 2.14(b)(i), (ii) or (iii) have occurred with respect to the Foreign Currency Successor Rate then in effect, then, the Administrative Agent and the Borrowers may amend this Agreement solely for the purpose of replacing the Relevant Rate for an Agreed Currency or any then current Foreign Currency Successor Rate for an Agreed Currency in accordance with this Section 2.14 with an alternative benchmark rate giving due consideration to any evolving or then existing convention for similar
credit facilities syndicated and agented in the U.S. and denominated in such Agreed Currency for such alternative benchmarks, and, in each case, including any mathematical or other adjustments to such benchmark giving due consideration to any evolving or then existing convention for similar credit facilities syndicated and agented in the U.S. and denominated in such Agreed Currency for such benchmarks (and any such proposed rate, including for the avoidance of doubt, any adjustment thereto, a “Foreign Currency Successor Rate”), and any such amendment shall become effective at 5:00 p.m. on the fifth Business Day after the Administrative Agent shall have posted such proposed amendment to all Lenders and the Borrowers unless, prior to such time, Lenders comprising the Required Lenders have delivered to the Administrative Agent written notice that such Required Lenders object to such amendment. The Administrative Agent will promptly (in one or more notices) notify the Borrowers and each Lender of the implementation of any Foreign Currency Successor Rate. Notwithstanding anything else herein, if at any time any Foreign Currency Successor Rate as so determined would otherwise be less than zero percent (0%), the Foreign Currency Successor Rate will be deemed to be zero percent (0%) for the purposes of this Agreement and the other Loan Documents.
Any Foreign Currency Successor Rate shall be applied in a manner consistent with market practice; provided that to the extent such market practice is not administratively feasible for the Administrative Agent, such Foreign Currency Successor Rate shall be applied in a manner as otherwise reasonably determined by the Administrative Agent. In connection with the implementation of a Foreign Currency Successor Rate, the Administrative Agent will have the right to make Conforming Changes from time to time and, notwithstanding anything to the contrary herein or in any other Loan Document, any amendments implementing such Conforming Changes will become effective without any further action or consent of any other party to this Agreement; provided that, with respect to any such amendment effected, the Administrative Agent shall post each such amendment implementing such Conforming Changes to the Borrowers and the Lenders reasonably promptly after such amendment becomes effective.
For purposes of this Section 2.14(c), those Lenders that either have not made, or do not have an obligation under this Agreement to make, the relevant Loans in the relevant Agreed Currency shall be excluded from any determination of Required Lenders.
(c) Notwithstanding anything to the contrary in this Agreement or any other Loan Documents, with respect to the Relevant Rate for Dollars, if the Administrative Agent determines, or the Borrowers or Required Lenders notify the Administrative Agent (with, in the case of the Required Lenders, a copy to the Borrowers) that the Borrowers or Required Lenders (as applicable) have determined, that:
(i) adequate and reasonable means do not exist for ascertaining one month, three month and six month interest periods of Term SOFR, including, without limitation, because the Term SOFR Screen Rate is not available or published on a current basis and such circumstances are unlikely to be temporary; or
(ii) CME or any successor administrator of the Term SOFR Screen Rate or a Governmental Authority having jurisdiction over the Administrative Agent or such administrator with respect to its publication of Term SOFR, in each case acting in such capacity, has made a public statement
identifying a specific date after which one month, three month and six month interest periods of Term SOFR or the Term SOFR Screen Rate shall or will no longer be made available, or permitted to be used for determining the interest rate of syndicated loans denominated in U.S. Dollars, or shall or will otherwise cease, provided that, at the time of such statement, there is no successor administrator that is satisfactory to the Administrative Agent, that will continue to provide such interest periods of Term SOFR after such specific date (the latest date on which one month, three month and six month interest periods of Term SOFR or the Term SOFR Screen Rate are no longer available permanently or indefinitely, the “Scheduled Unavailability Date”);
then, on a date and time determined by the Administrative Agent (any such date, the “Term SOFR Replacement Date”), which date shall be at the end of an Interest Period or on the relevant interest payment date, as applicable, for interest calculated and, solely with respect to clause (ii) above, no later than the Scheduled Unavailability Date, Term SOFR will be replaced hereunder and under any Loan Document with Daily Simple SOFR plus the SOFR Adjustment for any payment period for interest calculated that can be determined by the Administrative Agent, in each case, without any amendment to, or further action or consent of any other party to, this Agreement or any other Loan Document (and any such proposed rate, including for the avoidance of doubt, any adjustment thereto, a “Term SOFR Term SOFR Successor Rate”). Notwithstanding anything else herein, if at any time any Term SOFR Successor Rate as so determined would otherwise be less than zero percent (0%), the Term SOFR Successor Rate will be deemed to be zero percent (0%) for the purposes of this Agreement and the other Loan Documents. The Administrative Agent will promptly (in one or more notices) notify the Borrowers and each Lender of the implementation of any Term SOFR Successor Rate.
Any Term SOFR Successor Rate shall be applied in a manner consistent with market practice; provided that to the extent such market practice is not administratively feasible for the Administrative Agent, such Term SOFR Successor Rate shall be applied in a manner as otherwise reasonably determined by the Administrative Agent. In connection with the implementation of a Term SOFR Successor Rate, the Administrative Agent will have the right to make Conforming Changes from time to time and, notwithstanding anything to the contrary herein or in any other Loan Document, any amendments implementing such Conforming Changes will become effective without any further action or consent of any other party to this Agreement; provided that, with respect to any such amendment effected, the Administrative Agent shall post each such amendment implementing such Conforming Changes to the Borrowers and the Lenders reasonably promptly after such amendment becomes effective. If the Term SOFR Successor Rate for Term SOFR is Daily Simple SOFR plus the SOFR Adjustment, all interest payments will be payable on a monthly basis.
Notwithstanding anything to the contrary herein, (i) if the Administrative Agent determines that Daily Simple SOFR is not available on or prior to the Term SOFR Replacement Date, or (ii) if the events or circumstances of the type described in Section 2.14(c)(i) or (ii) have occurred with respect to the Term SOFR Successor Rate then in effect, then in each case, the Administrative Agent and the Borrowers may amend this Agreement solely for the purpose of replacing Term SOFR or any then current Term SOFR Successor Rate in accordance with this Section 2.14 at the end of any Interest Period, relevant interest payment date or payment period for interest
calculated, as applicable, with an alternative benchmark rate giving due consideration to any evolving or then existing convention for similar Dollar denominated credit facilities syndicated and agented in the United States for such alternative benchmark. and, in each case, including any mathematical or other adjustments to such benchmark giving due consideration to any evolving or then existing convention for similar U.S. dollar denominated credit facilities syndicated and agented in the United States for such benchmark. For the avoidance of doubt, any such proposed rate and adjustments, shall constitute a “Term SOFR Successor Rate”. Any such amendment shall become effective at 5:00 p.m. on the fifth Business Day after the Administrative Agent shall have posted such proposed amendment to all Lenders and the Borrowers unless, prior to such time, Lenders comprising the Required Lenders have delivered to the Administrative Agent written notice that such Required Lenders object to such amendment.
For purposes of this Section 2.14(c), those Lenders that either have not made, or do not have an obligation under this Agreement to make, the relevant Loans in Dollars shall be excluded from any determination of Required Lenders.
2.15 Increased Costs.
(a) If any Change in Law shall:
(i) impose, modify or deem applicable any reserve, special deposit, liquidity or similar requirement (including any compulsory loan, requirement, insurance charge or other assessment) against assets of, deposits with or for the account of, or credit extended by, any Lender or any Issuing Bank;
(ii) impose on any Lender or any Issuing Bank or the London interbank market any other condition, cost or expense affecting this Agreement, Term SOFR Loans or Foreign Currency Loans made by such Lender or any Letter of Credit or participation therein; or
(iii) subject any Recipient to any Taxes on its loans, loan principal, letters of credit, commitments, or other obligations, or its deposits, reserves, other liabilities or capital attributable thereto (other than (A) Indemnified Taxes, (B) Excluded Taxes and (C) Connection Income Taxes);
and the result of any of the foregoing shall be to increase the cost to such Lender or such other Recipient of making, continuing, converting into or maintaining any Loan or of maintaining its obligation to make any such Loan or to increase the cost to such Lender, such Issuing Bank or such other Recipient of participating in, issuing or maintaining any Letter of Credit or to reduce the amount of any sum received or receivable by such Lender, such Issuing Bank or such other Recipient hereunder, whether of principal, interest or otherwise, then the applicable Borrower will pay to such Lender, such Issuing Bank or such other Recipient, as the case may be, such additional amount or amounts as will compensate such Lender, such Issuing Bank or such other Recipient, as the case may be, for any such additional cost incurred or reduction suffered in a manner consistent with similarly situated customers of the applicable Lender or Issuing Bank.
(b) If any Lender or any Issuing Bank determines that any Change in Law regarding capital or liquidity requirements has or would have the effect of reducing the rate of
return on such Lender’s or such Issuing Bank’s capital or on the capital of such Lender’s or such Issuing Bank’s holding company, if any, as a consequence of this Agreement or the Loans made by, or participations in Letters of Credit held by, such Lender, or the Letters of Credit issued by such Issuing Bank, to a level below that which such Lender or such Issuing Bank or such Lender’s or such Issuing Bank’s holding company could have achieved but for such Change in Law (taking into consideration such Lender’s or such Issuing Bank’s policies and the policies of such Lender’s or such Issuing Bank’s holding company with respect to capital adequacy and liquidity), then from time to time the applicable Borrower will pay to such Lender or such Issuing Bank, as the case may be, such additional amount or amounts as will compensate such Lender or such Issuing Bank or such Lender’s or such Issuing Bank’s holding company, for any such additional cost incurred or reduction suffered in a manner consistent with similarly situated customers of the applicable Lender or Issuing Bank.
(c) A certificate of a Lender or an Issuing Bank setting forth in reasonable detail the amount or amounts necessary to compensate such Lender or such Issuing Bank or its holding company, as the case may be, as specified in paragraph (a) or (b) of this Section shall be delivered to the Company and shall be conclusive absent manifest error. The Company shall pay, or cause the other Borrowers to pay, such Lender or such Issuing Bank, as the case may be, the amount shown as due on any such certificate, absent manifest error, within ten (10) days after receipt thereof.
(d) Failure or delay on the part of any Lender or any Issuing Bank to demand compensation pursuant to this Section shall not constitute a waiver of such Lender’s or such Issuing Bank’s right to demand such compensation; provided that the Company shall not be required to compensate a Lender or an Issuing Bank pursuant to this Section for any increased costs or reductions incurred more than 270 days prior to the date that such Lender or such Issuing Bank, as the case may be, notifies the Company of the Change in Law giving rise to such increased costs or reductions and of such Lender’s or such Issuing Bank’s intention to claim compensation therefor; provided further that, if the Change in Law giving rise to such increased costs or reductions is retroactive, then the 270-day period referred to above shall be extended to include the period of retroactive effect thereof.
2.16 Break Funding Payments. In the event of (a) the payment of any principal of any Term SOFR Loan or Foreign Currency Term Rate Loan other than on the last day of an Interest Period applicable thereto (including as a result of an Event of Default or as a result of any prepayment pursuant to Section 2.11), (b) the conversion of any Term SOFR Loan or Foreign Currency Term Rate Loan other than on the last day of the Interest Period applicable thereto, (c) the failure to borrow, convert, continue or prepay any Term SOFR Loan or Foreign Currency Term Rate Loan on the date specified in any notice delivered pursuant hereto (regardless of whether such notice may be revoked under Section 2.11(a) and is revoked in accordance therewith) or (d) the assignment of any Term SOFR Loan or Foreign Currency Term Rate Loan other than on the last day of the Interest Period applicable thereto as a result of a request by the Company pursuant to Section 2.19, then, in any such event, the Borrowers shall compensate each Lender for the loss, cost and expense attributable to such event. A certificate of any Lender setting forth any amount or amounts that such Lender is entitled to receive pursuant
to this Section shall be delivered to the applicable Borrower and shall be conclusive absent manifest error. The applicable Borrower shall pay such Lender the amount shown as due on any such certificate within ten (10) days after receipt thereof.
2.17 Taxes. (a) Withholding of Taxes; Gross-Up. Each payment by or on behalf of any Loan Party under any Loan Document shall be made without withholding for any Taxes, unless such withholding is required by any law. If any Withholding Agent determines, in its sole discretion exercised in good faith, that it is so required to withhold Taxes, then such Withholding Agent may so withhold and shall timely pay the full amount of withheld Taxes to the relevant Governmental Authority in accordance with applicable law. If such withheld Taxes are Indemnified Taxes, then the amount payable by or on behalf of such Loan Party shall be increased as necessary so that, net of such withholding (including such withholding applicable to additional amounts payable under this Section), the applicable Recipient receives the amount it would have received had no such withholding been made.
(b) Payment of Other Taxes by the Borrowers. The relevant Borrower shall timely pay any Other Taxes to the relevant Governmental Authority in accordance with applicable law.
(c) Evidence of Payments. As soon as practicable after any payment of Indemnified Taxes by any Loan Party to a Governmental Authority pursuant to this Section 2.17, such Loan Party shall deliver to the Administrative Agent the original or a certified copy of a receipt issued by such Governmental Authority evidencing such payment, a copy of the return reporting such payment or other evidence of such payment reasonably satisfactory to the Administrative Agent.
(d) Indemnification by the Borrowers. The relevant Borrower shall indemnify each Recipient for any Indemnified Taxes that are paid or payable by such Recipient in connection with any Loan Document (including Indemnified Taxes that are paid or payable on amounts paid under this Section 2.17(d)) and any reasonable expenses arising therefrom or with respect thereto, whether or not such Indemnified Taxes were correctly or legally imposed or asserted by the relevant Governmental Authority. The indemnity under this Section 2.17(d) shall be paid within ten (10) days after the Recipient delivers to the relevant Borrower a certificate stating the amount of any Indemnified Taxes so paid or payable by such Recipient and describing the basis for the indemnification claim. Such certificate shall be conclusive of the amount so paid or payable absent manifest error. Such Recipient shall deliver a copy of such certificate to the Administrative Agent.
(e) Indemnification by the Lenders. Each Lender shall severally indemnify the Administrative Agent for any Taxes (but, in the case of any Indemnified Taxes, only to the extent that any Loan Party has not already indemnified the Administrative Agent for such Indemnified Taxes and without limiting the obligation of the Loan Parties to do so) attributable to such Lender that are paid or payable by the Administrative Agent in connection with any Loan Document and any reasonable expenses arising therefrom or with respect thereto, whether or not such Taxes were correctly or legally imposed or asserted by the relevant Governmental Authority. The indemnity under this Section 2.17(e) shall be paid within ten (10) days after the
Administrative Agent delivers to the applicable Lender a certificate stating the amount of Taxes so paid or payable by the Administrative Agent. Such certificate shall be conclusive of the amount so paid or payable absent manifest error.
(f) Status of Lenders. (i) Any Lender that is entitled to an exemption from, or reduction of, any applicable withholding Tax with respect to any payments under any Loan Document shall deliver to the Borrowers and the Administrative Agent, at the time or times reasonably requested by the Borrowers or the Administrative Agent, such properly completed and executed documentation reasonably requested by the Borrowers or the Administrative Agent as will permit such payments to be made without, or at a reduced rate of, withholding. In addition, any Lender, if requested by the Borrowers or the Administrative Agent, shall deliver such other documentation prescribed by law or reasonably requested by the Borrowers or the Administrative Agent as will enable the Borrowers or the Administrative Agent to determine whether or not such Lender is subject to any withholding (including backup withholding) or information reporting requirements. Notwithstanding anything to the contrary in the preceding two sentences, the completion, execution and submission of such documentation (other than such documentation set forth in Section 2.17(f)(ii)(A) through (E) below and Section 2.17(f)(iii) below) shall not be required if in the Lender’s judgment such completion, execution or submission would subject such Lender to any material unreimbursed cost or expense or would materially prejudice the legal or commercial position of such Lender. Upon the reasonable request of any Borrower or the Administrative Agent, any Lender shall update any form or certification previously delivered pursuant to this Section 2.17(f). If any form or certification previously delivered pursuant to this Section expires or becomes obsolete or inaccurate in any respect with respect to a Lender, such Lender shall promptly (and in any event within ten (10) days after such expiration, obsolescence or inaccuracy) notify the Company and the Administrative Agent in writing of such expiration, obsolescence or inaccuracy and update the form or certification if it is legally eligible to do so.
(g) Without limiting the generality of the foregoing, if any Borrower is a U.S. Person, any Lender with respect to such Borrower shall, if it is legally eligible to do so, deliver to such Borrower and the Administrative Agent (in such number of copies reasonably requested by such Borrower and the Administrative Agent) on or prior to the date on which such Lender becomes a party hereto, duly completed and executed copies of whichever of the following is applicable:
(A) in the case of a Lender that is a U.S. Person, IRS Form W-9 certifying that such Lender is exempt from U.S. federal backup withholding tax;
(B) in the case of a Non-U.S. Lender claiming the benefits of an income tax treaty to which the United States is a party (1) with respect to payments of interest under any Loan Document, executed copies of IRS Form W-8BEN or IRS Form W-8BEN-E, as applicable, establishing an exemption from, or reduction of, U.S. federal withholding Tax pursuant to the “interest” article of such tax treaty and (2) with respect to any other applicable payments under any Loan Document, IRS Form W-8BEN or IRS Form W-8BEN-E, as applicable, establishing an exemption from, or reduction of, U.S. federal withholding Tax pursuant to the “business profits” or “other income” article of such tax treaty;
(C) in the case of a Non-U.S. Lender for whom payments under any Loan Document constitute income that is effectively connected with such Lender’s conduct of a trade or business in the United States, executed copies of IRS Form W-8ECI;
(D) in the case of a Non-U.S. Lender claiming the benefits of the exemption for portfolio interest under Section 881(c) of the Code both (1) executed copies of IRS Form W-8BEN or IRS Form W-8BEN-E, as applicable, and (2) a certificate substantially in the form of Exhibit H (a “U.S. Tax Certificate”) to the effect that such Lender is not (a) a “bank” within the meaning of Section 881(c)(3)(A) of the Code, (b) a “10 percent shareholder” of such Borrower within the meaning of Section 881(c)(3)(B) of the Code, and (c) a “controlled foreign corporation” described in Section 881(c)(3)(C) of the Code;
(E) in the case of a Non-U.S. Lender that is not the beneficial owner of payments made under any Loan Document (including a partnership or a participating Lender) (1) an IRS Form W-8IMY on behalf of itself and (2) the relevant forms prescribed in clauses (A), (B), (C), and (D) of this paragraph (f)(ii) and other certification documents from each beneficial owner, as applicable, that would be required of each such beneficial owner or partner of such partnership if such beneficial owner or partner were a Lender; provided, however, that if the Lender is a partnership and one or more of its partners are claiming the exemption for portfolio interest under Section 881(c) of the Code, such Lender may provide a U.S. Tax Certificate on behalf of such partners; or
(F) to the extent it is legally entitled to do so, any other form prescribed by law as a basis for claiming exemption from, or a reduction of, U.S. federal withholding Tax together with such supplementary documentation necessary to enable such Borrower or the Administrative Agent to determine the amount of Tax (if any) required by law to be withheld.
If a payment made to a Lender under any Loan Document would be subject to U.S. federal withholding Tax imposed by FATCA if such Lender were to fail to comply with the applicable reporting requirements of FATCA (including those contained in Section 1471(b) or 1472(b) of the Code, as applicable), such Lender shall deliver to the Withholding Agent, at the time or times prescribed by law and at such time or times reasonably requested by the Withholding Agent, such documentation prescribed by applicable law (including as prescribed by Section 1471(b)(3)(C)(i) of the Code) and such additional documentation reasonably requested by the Withholding Agent as may be necessary for the Withholding Agent to comply with its obligations under FATCA, to determine that such Lender has or has not complied with such Lender’s obligations under FATCA and, as necessary, to determine the amount to deduct and withhold from such payment. Solely for purposes of this Section 2.17(f)(iii), “FATCA” shall include any amendments made to FATCA after the Effective Date.
(g) Treatment of Certain Refunds. If any party determines, in its sole discretion exercised in good faith, that it has received a refund of any Taxes as to which it has been indemnified pursuant to this Section 2.17 (including additional amounts paid pursuant to this Section 2.17), it shall pay to the indemnifying party an amount equal to such refund (but only to the extent of indemnity payments made under this Section with respect to the Taxes giving rise to such refund), net of all out-of-pocket expenses (including any Taxes) of such
indemnified party and without interest (other than any interest paid by the relevant Governmental Authority with respect to such refund). Such indemnifying party, upon the request of such indemnified party, shall repay to such indemnified party the amount paid to such indemnified party pursuant to the previous sentence (plus any penalties, interest or other charges imposed by the relevant Governmental Authority) in the event such indemnified party is required to repay such refund to such Governmental Authority. Notwithstanding anything to the contrary in this Section 2.17(g), in no event will any indemnified party be required to pay any amount to any indemnifying party pursuant to this Section 2.17(g) if such payment would place such indemnified party in a less favorable position (on a net after-Tax basis) than such indemnified party would have been in if the indemnification payments or additional amounts giving rise to such refund had never been paid. This Section 2.17(g) shall not be construed to require any indemnified party to make available its Tax returns (or any other information relating to its Taxes which it deems confidential) to the indemnifying party or any other Person.
(h) Issuing Bank. For purposes of Section 2.17(e) and (f), the term “Lender” includes the Issuing Banks.
2.18 Payments Generally; Pro Rata Treatment; Sharing of Set-offs.
(a) Each Borrower shall make each payment required to be made by it hereunder (whether of principal, interest, fees or reimbursement of LC Disbursements, or of amounts payable under Section 2.15, 2.16 or 2.17, or otherwise) prior to (i) in the case of payments denominated in Dollars, 12:00 noon, New York City time and (ii) in the case of payments denominated in a Foreign Currency, 12:00 noon, Local Time, in the city of the Administrative Agent’s Eurocurrency Payment Office for such currency, in each case on the date when due, in immediately available funds, without set-off, recoupment or counterclaim. Any amounts received after such time on any date may, in the discretion of the Administrative Agent, be deemed to have been received on the next succeeding Business Day for purposes of calculating interest thereon. All such payments shall be made (i) in the same currency in which the applicable Credit Event was made (or where such currency has been converted to Euro, in Euro) and (ii) to the Administrative Agent at its offices at 2380 Performance Dr., Richardson, Texas 75082 or, in the case of a Credit Event denominated in a Foreign Currency, the Administrative Agent’s Eurocurrency Payment Office for such currency, except payments to be made directly to any Issuing Bank or Swingline Lender as expressly provided herein and except that payments pursuant to Sections 2.15, 2.16, 2.17 and 9.03 shall be made directly to the Persons entitled thereto. The Administrative Agent shall distribute any such payments denominated in the same currency received by it for the account of any other Person to the appropriate recipient promptly following receipt thereof. If any payment hereunder shall be due on a day that is not a Business Day, the date for payment shall be extended to the next succeeding Business Day, and, in the case of any payment accruing interest, interest thereon shall be payable for the period of such extension. Notwithstanding the foregoing provisions of this Section, if, after the making of any Credit Event in any Foreign Currency, currency control or exchange regulations are imposed in the country which issues such currency with the result that the type of currency in which the Credit Event was made (the “Original Currency”) no longer exists or any Borrower is not able to make payment to the Administrative Agent for the account
of the Lenders in such Original Currency, then all payments to be made by such Borrower hereunder in such currency shall instead be made when due in Dollars in an amount equal to the Dollar Amount (as of the date of repayment) of such payment due, it being the intention of the parties hereto that the Borrowers take all risks of the imposition of any such currency control or exchange regulations.
(b) If at any time insufficient funds are received by and available to the Administrative Agent to pay fully all amounts of principal, unreimbursed LC Disbursements, interest and fees then due hereunder, such funds shall be applied
(i) first, towards payment of interest and fees then due hereunder, ratably among the parties entitled thereto in accordance with the amounts of interest and fees then due to such parties, and
(ii) second, towards payment of principal and unreimbursed LC Disbursements then due hereunder, ratably among the parties entitled thereto in accordance with the amounts of principal and unreimbursed LC Disbursements then due to such parties.
(c) If, except as otherwise expressly provided herein, any Lender shall, by exercising any right of set-off or counterclaim or otherwise, obtain payment in respect of any principal of or interest on any of its Loans or participations in LC Disbursements or Swingline Loans resulting in such Lender receiving payment of a greater proportion of the aggregate amount of its Loans and participations in LC Disbursements and Swingline Loans and accrued interest thereon than the proportion received by any other similarly situated Lender, then the Lender receiving such greater proportion shall purchase (for cash at face value) participations in the Loans and participations in LC Disbursements and Swingline Loans of other Lenders to the extent necessary so that the benefit of all such payments shall be shared by all such Lenders ratably in accordance with the aggregate amount of principal of and accrued interest on their respective Loans and participations in LC Disbursements and Swingline Loans; provided that (i) if any such participations are purchased and all or any portion of the payment giving rise thereto is recovered, such participations shall be rescinded and the purchase price restored to the extent of such recovery, without interest, and (ii) the provisions of this paragraph shall not be construed to apply to any payment made by any Borrower pursuant to and in accordance with the express terms of this Agreement or any payment obtained by a Lender as consideration for the assignment of or sale of a participation in any of its Loans or participations in LC Disbursements and Swingline Loans to any assignee or participant, other than to the Company or any Subsidiary or Affiliate thereof (as to which the provisions of this paragraph shall apply). Each Borrower consents to the foregoing and agrees, to the extent it may effectively do so under applicable law, that any Lender acquiring a participation pursuant to the foregoing arrangements may exercise against such Borrower rights of set-off and counterclaim with respect to such participation as fully as if such Lender were a direct creditor of such Borrower in the amount of such participation.
(d) (i) Unless the Administrative Agent shall have received notice from the relevant Borrower prior to the date on which any payment is due to the Administrative Agent for the account of the Lenders or the relevant Issuing Bank hereunder that such Borrower will not make such payment, the Administrative Agent may assume that such Borrower has made such
payment on such date in accordance herewith and may, in reliance upon such assumption, distribute to the Lenders or the relevant Issuing Bank, as the case may be, the amount due. In such event, if such Borrower has not in fact made such payment, then each of the Lenders or the relevant Issuing Bank, as the case may be, severally agrees to repay to the Administrative Agent forthwith on demand the amount so distributed to such Lender or such Issuing Bank with interest thereon, for each day from and including the date such amount is distributed to it to but excluding the date of payment to the Administrative Agent, at the greater of the Federal Funds Effective Rate and a rate determined by the Administrative Agent in accordance with banking industry rules on interbank compensation (including without limitation the Overnight Foreign Currency Rate in the case of Loans denominated in a Foreign Currency).
(ii) With respect to any payment that the Administrative Agent makes for the account of the Lenders or any Issuing Bank hereunder as to which the Administrative Agent determines (which determination shall be conclusive absent manifest error) that any of the following applies (such payment referred to as the “Rescindable Amount”): (1) the applicable Borrower has not in fact made such payment; (2) the Administrative Agent has made a payment in excess of the amount so paid by such Borrower (whether or not then owed); or (3) the Administrative agent has for any reason otherwise erroneously made such payment; then each of the Lenders or the applicable Issuing Bank, as the case may be, severally agrees to repay to the Administrative Agent within one (1) Business Day following notice by the Administrative Agent, the Rescindable Amount so distributed to such Lender or such Issuing Bank, in Same Day Funds with interest thereon, for each day from and including the date such amount is distributed to it to but excluding the date of payment to the Administrative Agent, at the greater of the Federal Funds Effective Rate and a rate determined by the Administrative Agent in accordance with banking industry rules on interbank compensation.
A notice of the Administrative Agent to any Lender or a Borrower with respect to any amount owing under this clause (d) shall be conclusive, absent manifest error.
(e) If any Lender shall fail to make any payment required to be made by it pursuant to Section 2.05(c), 2.06(d) or (e), 2.07(b), 2.18(d) or 9.03(c), then the Administrative Agent may, in its discretion (notwithstanding any contrary provision hereof), (i) apply any amounts thereafter received by the Administrative Agent for the account of such Lender and for the benefit of the Administrative Agent or the Issuing Banks to satisfy such Lender’s obligations under such Sections until all such unsatisfied obligations are fully paid and/or (ii) hold any such amounts in a segregated account over which the Administrative Agent shall have exclusive control as cash collateral for, and application to, any future funding obligations of such Lender under any such Section; in the case of each of clauses (i) and (ii) above, in any order as determined by the Administrative Agent in its discretion.
2.19 Mitigation Obligations; Replacement of Lenders.
(a) If any Lender requests compensation under Section 2.15, or if any Borrower is required to pay any additional amount to any Lender or any Governmental Authority for the account of any Lender pursuant to Section 2.17, then such Lender shall use reasonable efforts to designate a different lending office for funding or booking its Loans hereunder or to
assign its rights and obligations hereunder to another of its offices, branches or affiliates, if, in the reasonable judgment of such Lender, such designation or assignment (i) would eliminate or reduce amounts payable pursuant to Section 2.15 or 2.17, as the case may be, in the future and (ii) would not subject such Lender to any unreimbursed cost or expense and would not otherwise be disadvantageous to such Lender. The Company hereby agrees to pay all reasonable costs and expenses incurred by any Lender in connection with any such designation or assignment.
(b) If (i) any Lender requests compensation under Section 2.15, (ii) any Borrower is required to pay any additional amount to any Lender or any Governmental Authority for the account of any Lender pursuant to Section 2.17 or (iii) any Lender becomes a Defaulting Lender, then the Company may, at its sole expense and effort, upon notice to such Lender and the Administrative Agent, require such Lender to assign and delegate, without recourse (in accordance with and subject to the restrictions contained in Section 9.04), all its interests, rights (other than its existing rights to payments pursuant to Section 2.15 or 2.17) and obligations under the Loan Documents to an assignee that shall assume such obligations (which assignee may be another Lender, if a Lender accepts such assignment); provided that (i) the Company shall have received the prior written consent of the Administrative Agent (and if a Commitment is being assigned, the Issuing Banks and the Swingline Lender), which consent shall not unreasonably be withheld, (ii) such Lender shall have received payment of an amount equal to the outstanding principal of its Loans and participations in LC Disbursements and Swingline Loans, accrued interest thereon, accrued fees and all other amounts payable to it hereunder, from the assignee (to the extent of such outstanding principal and accrued interest and fees) or the Company (in the case of all other amounts) and (iii) in the case of any such assignment resulting from a claim for compensation under Section 2.15 or payments required to be made pursuant to Section 2.17, such assignment will result in a reduction in such compensation or payments. A Lender shall not be required to make any such assignment and delegation if, prior thereto, as a result of a waiver by such Lender or otherwise, the circumstances entitling the Company to require such assignment and delegation cease to apply.
2.20 Expansion Option. The Company may from time to time elect to increase the Commitments or enter into one or more tranches of term loans (each an “Incremental Facility”), in each case in a minimum amount of $10,000,000, and in increments of $5,000,000 in excess thereof, so long as, after giving effect thereto, the aggregate amount of such Incremental Facility does not exceed $75,000,000; provided that, the Company may make a maximum of five (5) such requests. The Company may arrange for any such Incremental Facility to be provided by one or more Lenders (each Lender, an “Increasing Lender”), or by one or more new banks, financial institutions or other entities (each such new bank, financial institution or other entity, an “Augmenting Lender”); provided that (i) each Augmenting Lender shall be subject to the approval of the Company and the Administrative Agent and (ii) (x) in the case of an Increasing Lender, the Company and such Increasing Lender execute an agreement substantially in the form of Exhibit C hereto, and (y) in the case of an Augmenting Lender, the Company and such Augmenting Lender execute an agreement substantially in the form of Exhibit D hereto; provided further that no commitment of any Lender shall be increased without the consent of such Lender. No consent of any Lender (other than the Lenders participating in the Incremental Facility) shall be required for any Incremental Facility pursuant to this Section
2.20. Incremental Facilities created pursuant to this Section 2.20 shall become effective on the date agreed by the Company, the Administrative Agent and the relevant Increasing Lenders or Augmenting Lenders, and the Administrative Agent shall notify each Lender thereof. Notwithstanding the foregoing, no Incremental Facility shall become effective under this paragraph unless, (i) on the proposed date of the effectiveness of such Incremental Facility, (A) the conditions set forth in paragraphs (a) and (b) of Section 4.02 shall be satisfied or waived by the Required Lenders and the Administrative Agent shall have received a certificate to that effect dated such date and executed by a Financial Officer of the Company and (B) the Company shall be in compliance (on a pro forma basis reasonably acceptable to the Administrative Agent) with the covenants contained in Section 6.11 and (ii) the Administrative Agent shall have received documents consistent with those delivered on the Effective Date as to the corporate power and authority of the Borrowers to borrow hereunder after giving effect to such Incremental Facility. On the effective date of any Incremental Facility, (i) each relevant Increasing Lender and Augmenting Lender shall make available to the Administrative Agent such amounts in immediately available funds as the Administrative Agent shall determine, for the benefit of the other Lenders, as being required in order to cause, after giving effect to such Incremental Facility and the use of such amounts to make payments to such other Lenders, each Lender’s portion of the outstanding Loans of all the Lenders to equal its Applicable Percentage of such outstanding Loans, and (ii) except to the extent not applicable to such Incremental Facility, the Borrowers shall be deemed to have repaid and reborrowed all outstanding Loans as of the date of any such Incremental Facility (with such reborrowing to consist of the Types of Loans, with related Interest Periods if applicable, specified in a notice delivered by the Company (on its own behalf or on behalf of the applicable Borrower) in accordance with the requirements of Section 2.03). The deemed payments made pursuant to clause (ii) of the immediately preceding sentence shall, in respect of each Term SOFR Loan and Foreign Currency Term Rate Loan, be accompanied by payment of all accrued interest on the amount prepaid and shall be subject to indemnification by the Borrowers pursuant to the provisions of Section 2.16 if the deemed payment occurs other than on the last day of the related Interest Periods. Nothing contained in this Section 2.20 shall constitute, or otherwise be deemed to be, a commitment on the part of any Lender to provide an Incremental Facility at any time. In connection with any Incremental Facility pursuant to this Section 2.20, any Augmenting Lender becoming a party hereto shall (1) execute such documents and agreements as the Administrative Agent may reasonably request and (2) in the case of any Augmenting Lender that is organized under the laws of a jurisdiction outside of the United States of America, provide to the Administrative Agent, its name, address, tax identification number and/or such other information as shall be necessary for the Administrative Agent to comply with “know your customer” and anti-money laundering rules and regulations, including without limitation, the Patriot Act.
2.21 Market Disruption. Notwithstanding the satisfaction of all conditions referred to in Article II and Article IV with respect to any Credit Event to be effected in any Foreign Currency, if (i) there shall occur on or prior to the date of such Credit Event any change in national or international financial, political or economic conditions or currency exchange rates or exchange controls which would in the reasonable opinion of the Administrative Agent, the relevant Issuing Bank (if such Credit Event is a Letter of Credit), any Designated Lender or the Required Lenders make it impracticable for the Term SOFR Borrowings, Foreign Currency
Borrowings or Letters of Credit comprising such Credit Event to be denominated in the Agreed Currency specified by the relevant Borrower, (ii) such currency is no longer an Agreed Currency or (iii) a Dollar Amount of such currency is not readily calculable, then the Administrative Agent shall forthwith give notice thereof to such Borrower, the Lenders and, if such Credit Event is a Letter of Credit, the relevant Issuing Bank, and such Credit Events shall not be denominated in such Agreed Currency but shall, except as otherwise set forth in Section 2.07, be made on the date of such Credit Event in Dollars, (a) if such Credit Event is a Borrowing, in an aggregate principal amount equal to the Dollar Amount of the aggregate principal amount specified in the related Borrowing Request or Interest Election Request, as the case may be, as ABR Loans, unless such Borrower notifies the Administrative Agent at least one Business Day before such date that (i) it elects not to borrow on such date or (ii) it elects to borrow on such date in a different Agreed Currency, as the case may be, in which the denomination of such Loans would in the reasonable opinion of the Administrative Agent and the Required Lenders be practicable and in an aggregate principal amount equal to the Dollar Amount of the aggregate principal amount specified in the related Borrowing Request or Interest Election Request, as the case may be or (b) if such Borrowing is a Letter of Credit, in a face amount equal to the Dollar Amount of the face amount specified in the related request or application for such Letter of Credit, unless such Borrower notifies the Administrative Agent at least one Business Day before such date that (i) it elects not to request the issuance of such Letter of Credit on such date or (ii) it elects to have such Letter of Credit issued on such date in a different Agreed Currency, as the case may be, in which the denomination of such Letter of Credit would in the reasonable opinion of the relevant Issuing Bank, the Administrative Agent and the Required Lenders be practicable and in face amount equal to the Dollar Amount of the face amount specified in the related request or application for such Letter of Credit, as the case may be.
2.22 Judgment Currency. If for the purposes of obtaining judgment in any court it is necessary to convert a sum due from any Borrower hereunder in the currency expressed to be payable herein (the “specified currency”) into another currency, the parties hereto agree, to the fullest extent that they may effectively do so, that the rate of exchange used shall be that at which in accordance with normal banking procedures the Administrative Agent could purchase the specified currency with such other currency at the Administrative Agent’s main New York City office on the Business Day preceding that on which final, non-appealable judgment is given. The obligations of each Borrower in respect of any sum due to any Lender or the Administrative Agent hereunder shall, notwithstanding any judgment in a currency other than the specified currency, be discharged only to the extent that on the Business Day following receipt by such Lender or the Administrative Agent (as the case may be) of any sum adjudged to be so due in such other currency such Lender or the Administrative Agent (as the case may be) may in accordance with normal, reasonable banking procedures purchase the specified currency with such other currency. If the amount of the specified currency so purchased is less than the sum originally due to such Lender or the Administrative Agent, as the case may be, in the specified currency, each Borrower agrees, to the fullest extent that it may effectively do so, as a separate obligation and notwithstanding any such judgment, to indemnify such Lender or the Administrative Agent, as the case may be, against such loss, and if the amount of the specified currency so purchased exceeds (a) the sum originally due to any Lender or the Administrative Agent, as the case may be, in the specified currency and (b) any amounts shared with other
Lenders as a result of allocations of such excess as a disproportionate payment to such Lender under Section 2.18, such Lender or the Administrative Agent, as the case may be, agrees to remit such excess to such Borrower.
2.23 Designation of Foreign Subsidiary Borrowers.
(a) The Company may at any time and from time to time, upon not less than fifteen (15) Business Days’ notice from the Company to the Administrative Agent (or such shorter period as may be agreed by the Administrative Agent in its sole discretion), designate any Eligible Foreign Subsidiary as a Foreign Subsidiary Borrower by delivery to the Administrative Agent of a Borrowing Subsidiary Agreement executed by such Subsidiary and the Company and the satisfaction of the other conditions precedent set forth in Section 4.03, and upon such delivery and satisfaction such Subsidiary shall for all purposes of this Agreement be a Foreign Subsidiary Borrower and a party to this Agreement until the Company shall have executed and delivered to the Administrative Agent a Borrowing Subsidiary Termination with respect to such Subsidiary, whereupon such Subsidiary shall cease to be a Foreign Subsidiary Borrower and a party to this Agreement; provided that no Borrowing Request or request for the issuance of a Letter of Credit may be submitted by or on behalf of such Foreign Subsidiary Borrower until the date five (5) Business Days after the effective date of such Borrowing Subsidiary Agreement. Notwithstanding the preceding sentence, no Borrowing Subsidiary Termination will become effective as to any Foreign Subsidiary Borrower at a time when any principal of or interest on any Loan to such Borrower shall be outstanding hereunder, provided that such Borrowing Subsidiary Termination shall be effective to terminate the right of such Foreign Subsidiary Borrower to make further Borrowings under this Agreement. As soon as practicable upon receipt of a Borrowing Subsidiary Agreement, the Administrative Agent shall furnish a copy thereof to each Lender.
(b) Each Subsidiary of the Company that is or becomes a Foreign Subsidiary Borrower pursuant to this Section 2.23 hereby irrevocably appoints the Company to act as its agent for all purposes of this Agreement and the other Loan Documents and agrees that (i) the Company may execute such documents on behalf of such Foreign Subsidiary Borrower as the Company deems appropriate in its sole discretion and each Foreign Subsidiary Borrower shall be obligated by all of the terms of any such document executed on its behalf, (ii) any notice or communication delivered by the Administrative Agent or the Lender to the Company shall be deemed delivered to each Foreign Subsidiary Borrower and (iii) the Administrative Agent or the Lenders may accept, and be permitted to rely on, any document, instrument or agreement executed by the Company on behalf of each of the Loan Parties.
2.24 Defaulting Lenders. Notwithstanding any provision of this Agreement to the contrary, if any Lender becomes a Defaulting Lender, then the following provisions shall apply for so long as such Lender is a Defaulting Lender:
(a) fees shall cease to accrue on the Commitment of such Defaulting Lender pursuant to Section 2.12(a);
(b) any payment of principal, interest, fees or other amounts received by the Administrative Agent for the account of such Defaulting Lender (whether voluntary or mandatory, at maturity, pursuant to Section 7.02 or otherwise) or received by the Administrative Agent from a Defaulting Lender pursuant to Section 9.08 shall be applied at such time or times as may be determined by the Administrative Agent as follows: first, to the payment of any amounts owing by such Defaulting Lender to the Administrative Agent hereunder; second, to the payment on a pro rata basis of any amounts owing by such Defaulting Lender to the Issuing Bank or Swingline Lender hereunder; third, to cash collateralize the Issuing Bank’s LC Exposure with respect to such Defaulting Lender in accordance with this Section; fourth, as the Borrowers may request (so long as no Default or Event of Default exists), to the funding of any Loan in respect of which such Defaulting Lender has failed to fund its portion thereof as required by this Agreement, as determined by the Administrative Agent; fifth, if so determined by the Administrative Agent and the Borrowers, to be held in a deposit account and released pro rata in order to (x) satisfy such Defaulting Lender’s potential future funding obligations with respect to Loans under this Agreement and (y) cash collateralize the Issuing Bank’s future LC Exposure with respect to such Defaulting Lender with respect to future Letters of Credit issued under this Agreement, in accordance with this Section; sixth, to the payment of any amounts owing to the Lenders, the Issuing Bank or Swingline Lender as a result of any judgment of a court of competent jurisdiction obtained by any Lender, the Issuing Bank or Swingline Lender against such Defaulting Lender as a result of such Defaulting Lender’s breach of its obligations under this Agreement or under any other Loan Document; seventh, so long as no Default or Event of Default exists, to the payment of any amounts owing to the Borrowers as a result of any judgment of a court of competent jurisdiction obtained by a Borrower against such Defaulting Lender as a result of such Defaulting Lender’s breach of its obligations under this Agreement or under any other Loan Document; and eighth, to such Defaulting Lender or as otherwise directed by a court of competent jurisdiction; provided that if (x) such payment is a payment of the principal amount of any Loans or LC Disbursements in respect of which such Defaulting Lender has not fully funded its appropriate share, and (y) such Loans were made or the related Letters of Credit were issued at a time when the conditions set forth in Section 4.02 were satisfied or waived, such payment shall be applied solely to pay the Loans of, and LC Disbursements owed to, all non-Defaulting Lenders on a pro rata basis prior to being applied to the payment of any Loans of, or LC Disbursements owed to, such Defaulting Lender until such time as all Loans and funded and unfunded participations in the Borrower’s obligations corresponding to such Defaulting Lender’s LC Exposure and Swingline Loans are held by the Lenders pro rata in accordance with the Commitments without giving effect to clause (d) below. Any payments, prepayments or other amounts paid or payable to a Defaulting Lender that are applied (or held) to pay amounts owed by a Defaulting Lender or to post cash collateral pursuant to this Section shall be deemed paid to and redirected by such Defaulting Lender, and each Lender irrevocably consents hereto;
(c) the Commitment and Credit Exposure of such Defaulting Lender shall not be included in determining whether the Required Lenders have taken or may take any action hereunder (including any consent to any amendment, waiver or other modification pursuant to Section 9.02); provided, that, except as otherwise provided in Section 9.02, this clause (b) shall
not apply to the vote of a Defaulting Lender in the case of an amendment, waiver or other modification requiring the consent of such Lender or each Lender directly affected thereby;
(d) if any Swingline Exposure or LC Exposure exists at the time such Lender becomes a Defaulting Lender then:
(i) all or any part of the Swingline Exposure and LC Exposure of such Defaulting Lender (other than the portion of such Swingline Exposure referred to in clause (b) of the definition of such term) shall be reallocated among the non-Defaulting Lenders in accordance with their respective Applicable Percentages but only to the extent that the sum of all non-Defaulting Lenders’ Credit Exposures plus such Defaulting Lender’s LC Exposure does not exceed the total of all non-Defaulting Lenders’ Commitments;
(ii) if the reallocation described in clause (i) above cannot, or can only partially, be effected, the Company shall within one (1) Business Day following notice by the Administrative Agent, (x) first, prepay such Swingline Exposure and (y) second, cash collateralize for the benefit of each Issuing Bank only the Borrowers’ obligations corresponding to such Defaulting Lender’s LC Exposure (after giving effect to any partial reallocation pursuant to clause (i) above) in accordance with the procedures set forth in Section 2.06(j) for so long as such LC Exposure is outstanding;
(iii) if the Company cash collateralizes any portion of such Defaulting Lender’s LC Exposure pursuant to clause (ii) above, the Borrowers shall not be required to pay any fees to such Defaulting Lender pursuant to Section 2.12(b) with respect to such Defaulting Lender’s LC Exposure during the period such Defaulting Lender’s LC Exposure is cash collateralized;
(iv) if the LC Exposure of the non-Defaulting Lenders is reallocated pursuant to clause (i) above, then the fees payable to the Lenders pursuant to Section 2.12(b) shall be adjusted in accordance with such non-Defaulting Lenders’ Applicable Percentages; and
(v) if all or any portion of such Defaulting Lender’s LC Exposure is neither reallocated nor cash collateralized pursuant to clause (i) or (ii) above, then, without prejudice to any rights or remedies of the relevant Issuing Bank or any other Lender hereunder, all commitment fees that otherwise would have been payable to such Defaulting Lender (solely with respect to the portion of such Defaulting Lender’s Commitment that was utilized by such LC Exposure) and letter of credit fees payable under Section 2.12(b) with respect to such Defaulting Lender’s LC Exposure shall be payable to such Issuing Bank until and to the extent that such LC Exposure is reallocated and/or cash collateralized; and
(e) so long as such Lender is a Defaulting Lender, the Swingline Lender shall not be required to fund any Swingline Loan and the relevant Issuing Bank shall not be required to issue, amend or increase any Letter of Credit, unless it is satisfied that the related exposure and the Defaulting Lender’s then outstanding LC Exposure will be 100% covered by the Commitments of the non-Defaulting Lenders and/or cash collateral will be provided by the Company in accordance with Section 2.24(c), and participating interests in any Swingline Loan and/or newly issued or increased Letter of Credit shall be allocated among non-Defaulting
Lenders in a manner consistent with Section 2.24(c)(i) (and such Defaulting Lender shall not participate therein).
If (i) a Bankruptcy Event with respect to a Lender Parent shall occur following the Effective Date and for so long as such event shall continue or (ii) the Swingline Lender or any Issuing Bank has a good faith belief that any Lender has defaulted in fulfilling its obligations under one or more other agreements in which such Lender commits to extend credit, the Swingline Lender shall not be required to fund any Swingline Loan and no Issuing Bank shall be required to issue, amend or increase any Letter of Credit, unless the Swingline Lender or relevant Issuing Bank, as the case may be, shall have entered into arrangements with the Company or such Lender, satisfactory to the Swingline Lender or such Issuing Bank to defease any risk to it in respect of such Lender hereunder.
In the event that the Administrative Agent, the Company, the Swingline Lender and each Issuing Bank each agrees that a Defaulting Lender has adequately remedied all matters that caused such Lender to be a Defaulting Lender, then the Swingline Exposure and LC Exposure of the Lenders shall be readjusted to reflect the inclusion of such Lender’s Commitment and on such date such Lender shall purchase at par such of the Loans of the other Lenders (other than Swingline Loans) as the Administrative Agent shall determine may be necessary in order for such Lender to hold such Loans in accordance with its Applicable Percentage.
12.25 Designated Lenders
. Each of the Administrative Agent, the Issuing Banks, the Swingline Lender and each Lender at its option may make any Loan or issue any Letter of Credit, as applicable, or otherwise perform its obligations hereunder through any Lending Office (each, a “Designated Lender”); provided that any exercise of such option shall not affect the obligation of such Borrower to repay any Credit Event in accordance with the terms of this Agreement. Any Designated Lender shall be considered a Lender shall apply to such Affiliate or branch of such Lender to the same extent as such Lender; provided that for the purposes only of voting in connection with any Loan Document, any participation by any Designated Lender in any outstanding Loan or Letter of Credit shall be deemed a participation of such Lender.
ARTICLE III
Representations and Warranties
Each Borrower represents and warrants to the Lenders that:
3.01 Organization; Powers; Subsidiaries. Each of the Company and each of the Subsidiary Guarantors is duly organized, validly existing and in good standing (to the extent such concept is applicable in the relevant jurisdiction) under the laws of the jurisdiction of its organization, has all requisite power and authority to carry on its business as now conducted and, except where the failure to do so, individually or in the aggregate, could not reasonably be expected to result in a Material Adverse Effect, is qualified to do business in, and is in good standing in, every jurisdiction where such qualification is required except where the failure to be so qualified, individually or in the aggregate, could not reasonably be expected to result in a Material Adverse Effect. Schedule 3.01 hereto identifies as of the Effective Date each
Subsidiary, the jurisdiction of its incorporation or organization, as the case may be, the percentage of issued and outstanding shares of each class of its capital stock or other Equity Interests owned by the Company and the other Subsidiaries and, if such percentage is not 100% (excluding directors’ qualifying shares as required by law), a description of each class issued and outstanding. All of the outstanding shares of capital stock and other Equity Interests of each Subsidiary are validly issued and outstanding and fully paid and nonassessable and all such shares and other equity interests indicated on Schedule 3.01 as owned by the Company or another Subsidiary are as of the Effective Date owned, beneficially and of record, by the Company or such Subsidiary free and clear of all Liens, other than Liens permitted under Section 6.02 hereof. There are no outstanding commitments or other obligations of the Company or any Subsidiary to issue, and no options, warrants or other rights of any Person to acquire, any shares of any class of capital stock or other equity interests of the Company or any Subsidiary.
3.02 Authorization; Enforceability. The Transactions are within each Borrower’s organizational powers and have been duly authorized by all necessary organizational actions and, if required under applicable law, actions by equity holders. The Loan Documents to which each Borrower is a party have been duly executed and delivered by such Borrower and constitute a legal, valid and binding obligation of such Borrower, enforceable in accordance with its terms, subject to applicable bankruptcy, insolvency, reorganization, moratorium or other laws affecting creditors’ rights generally and subject to general principles of equity, regardless of whether considered in a proceeding in equity or at law.
3.03 Governmental Approvals; No Conflicts. The Transactions
(a) do not require any consent or approval of, registration or filing with, or any other action by, any Governmental Authority, except (i) such as have been obtained or made and are in full force and effect, (ii) those filings and recordings in connection with Liens granted to the Administrative Agent under the Loan Documents, and (iii) consents, approvals, registrations, filings or other actions the failure to obtain or perform could not reasonably be expected to result in a Material Adverse Effect,
(b) will not violate (i) any applicable law or regulation except where such violation could not reasonably be expected to result in a Material Adverse Effect, (ii) the charter, by-laws or other organizational documents of the Company or any of its Subsidiaries, as applicable, or (iii) any order of any Governmental Authority binding upon the Company or such Subsidiary except where such violation could not reasonably be expected to result in a Material Adverse Effect,
(c) will not violate or result in a default under any indenture, material agreement or other material instrument binding upon the Company or any of its Subsidiaries or its assets, except where such violation or default could not reasonably be expected to result in a Material Adverse Effect, and
(d) will not result in the creation or imposition of any Lien on any asset of the Company or any of its Subsidiaries, other than Liens created pursuant to the Loan Documents.
3.04 Financial Condition; No Material Adverse Change.
(a) The Company has heretofore furnished to the Lenders (or made available to the Lenders on the Securities and Exchange Commission’s EDGAR web page) its consolidated balance sheet and statements of income, stockholders equity and cash flows (i) as of and for the fiscal year ended December 31, 2017, audited by KPMG LLP, independent public accountants, and (ii) as of and for the fiscal quarter and the portion of the fiscal year ended June 30, 2018, certified by a Financial Officer.
Such financial statements present fairly, in all material respects, the financial position and results of operations and cash flows of the Company and its consolidated Subsidiaries as of such dates and for such periods in accordance with GAAP, subject to year-end audit adjustments and the absence of footnotes in the case of the statements referred to in clause (ii) above.
(b) Since December 31, 2017, except as otherwise disclosed by the Company in its Quarterly Reports on Form 10-Q filed with the Securities and Exchange Commission for the fiscal quarters ended March 31, 2018 and June 30, 2018, there has been no Material Adverse Change.
3.05 Properties.
(a) Each of the Company and its Material Subsidiaries has good title to, or valid leasehold interests in, all its real and personal property material to the conduct of the business of the Company and its Material Subsidiaries taken as a whole, except for minor defects in title that do not interfere with its ability to conduct its business as currently conducted or to utilize such properties for their intended purposes.
(b) Each of the Company and its Material Subsidiaries owns, or is licensed to use, all trademarks, tradenames, copyrights, patents and other intellectual property material to its business, and the use thereof by the Company and its Material Subsidiaries does not infringe upon the rights of any other Person, except for any such infringements that, individually or in the aggregate, could not reasonably be expected to result in a Material Adverse Effect.
3.06 Litigation, Labor Matters and Environmental Matters.
(a) There are no actions, suits or proceedings by or before any arbitrator or Governmental Authority pending against or, to the knowledge of any Borrower, threatened against or affecting the Company or any of its Material Subsidiaries (i) as to which there is a reasonable possibility of an adverse determination and that, if adversely determined, could reasonably be expected, individually or in the aggregate, to result in a Material Adverse Effect (other than the Disclosed Matters) or (ii) that involve this Agreement or the Transactions.
(b) There are no labor controversies pending against or, to the knowledge of the Company, threatened against or affecting the Company or any of its Material Subsidiaries (i) which could reasonably be expected, individually or in the aggregate, to result in a Material Adverse Effect, or (ii) that involve this Agreement or the Transactions.
(c) Except for the Disclosed Matters and except with respect to any other matters that, individually or in the aggregate, could not reasonably be expected to result in a Material Adverse Effect, neither the Company nor any of its Material Subsidiaries:
(i) has failed to comply with any Environmental Law or to obtain, maintain or comply with any permit, license or other approval required under any Environmental Law,
(ii) has become subject to any Environmental Liability,
(iii) has received notice of any claim with respect to any Environmental Liability or
(iv) knows of any basis for any Environmental Liability.
(d) Since the date of this Agreement, there has been no change in the status of the Disclosed Matters that, individually or in the aggregate, has resulted in, or could reasonably be expected to result in, a Material Adverse Effect.
3.07 Compliance with Laws and Agreements; No Burdensome Restrictions. Each of the Company and its Subsidiaries is in compliance with all laws, regulations and orders of any Governmental Authority applicable to it or its property and all indentures, agreements and other instruments binding upon it or its property, except where the failure to do so, individually or in the aggregate, could not reasonably be expected to result in a Material Adverse Effect. Neither the Company nor any Subsidiary is party or subject to any law, regulation, rule or order, or any obligation under any agreement or instrument, that has a Material Adverse Effect.
3.08 Investment Company Status. Neither the Company nor any of its Subsidiaries is an “investment company” as defined in, or subject to regulation under, the Investment Company Act of 1940.
3.09 Taxes. Each of the Company and its Subsidiaries has timely filed or caused to be filed all federal, state income and other material Tax returns and reports required to have been filed and has paid or caused to be paid all Taxes required to have been paid by it, except
(a) Taxes that are being contested in good faith by appropriate proceedings and for which the Company or such Subsidiary, as applicable, has set aside on its books adequate reserves or
(b) to the extent that the failure to do so could not reasonably be expected to result in a Material Adverse Effect.
3.10 ERISA.
(a) No ERISA Event has occurred or is reasonably expected to occur that, when taken together with all other such ERISA Events for which liability is reasonably expected to occur, could reasonably be expected to result in a Material Adverse Effect.
(b) As of the Effective Date neither the Company nor any of its Subsidiaries holds “plan assets” of any “benefit plan investor” (within the meaning of Section 3(42) of ERISA).
3.11 Disclosure.
(a) The Company has disclosed to the Lenders all agreements, instruments and corporate or other restrictions to which it or any of its Subsidiaries is subject, and all other matters known to it, that, in each case, individually or in the aggregate, could reasonably be expected to result in a Material Adverse Effect. None of the reports, financial statements, certificates or other information furnished by or on behalf of the Company or any Subsidiary to the Administrative Agent or any Lender in connection with the negotiation of this Agreement or delivered hereunder (as modified or supplemented by other information so furnished) contained, when furnished, any untrue statement of a fact or omitted to state any material fact necessary to make the statements contained therein, in the light of the circumstances under which they were made, not materially misleading; provided that, with respect to projected financial information, the Borrowers represent only that such information was prepared in good faith based upon assumptions believed to be reasonable at the time of such preparation.
(b) The information included in the Beneficial Ownership Certification most recently provided to each Lender, if applicable, is true and correct in all respects.
3.12 No Default. No Default has occurred and is continuing.
3.13 Liens. There are no Liens on any of the real or personal properties of the Company or any Subsidiary except for Liens created by the Collateral Documents and except as otherwise permitted by Section 6.02.
3.14 Contingent Obligations. Other than any liability incident to any litigation, arbitration or proceeding which could not reasonably be expected to have a Material Adverse Effect, the Company has no material contingent obligations not provided for or disclosed in the financial statements referred to in Section 3.04.
3.15 Regulation U. Margin stock (as defined in Regulation U) constitutes less than 25% of the value of those assets of the Company and its Subsidiaries which are subject to any limitation on sale, pledge, or other restriction hereunder.
3.16 Anti-Corruption Laws and Sanctions. The Company has implemented and maintains in effect policies and procedures designed to address compliance by the Company and its Subsidiaries with Anti-Corruption Laws and applicable Sanctions, and the Company and its Subsidiaries are in compliance with Anti-Corruption Laws and applicable Sanctions in all material respects and, in the case of any Foreign Subsidiary Borrower, is not knowingly engaged in any activity that could reasonably be expected to result in such Borrower being designated as a Sanctioned Person. Neither the Company nor any Subsidiary is a Sanctioned Person. For purposes of the foregoing representation, the Company shall not be required to make any investigation into (i) the ownership of publicly traded stock or other publicly traded securities or (ii) the beneficial ownership of any collective investment fund.
3.17 Affected Financial Institutions. No Loan Party is an Affected Financial Institution.
3.18 Centre of Main Interest. Each Dutch Loan Party for the purposes of Regulation (EU) 2015/848 on insolvency proceedings (recast) has its centre of main interest (as that term is used in Article 3 (1) of Regulation (EU) 2015/848 on insolvency proceedings (recast)) in the Netherlands and no Dutch Loan Party has an establishment (as that term is used in Article 2 (10) of the Regulation (EU) 2015/848 on insolvency proceedings (recast)) in any other jurisdiction.
ARTICLE IV
Conditions
4.01 Effective Date. The obligations of the Lenders to make Loans and of the Issuing Bank to issue Letters of Credit hereunder shall not become effective until the date on which each of the following conditions is satisfied (or waived in accordance with Section 9.02):
(a) Execution of Credit Agreement; Loan Documents. The Administrative Agent shall have received (i) counterparts of this Agreement, executed by a Responsible Officer of each Loan Party and a duly authorized officer of each Lender, (ii) for the account of each Lender requesting a Note, a Note executed by a Responsible Officer of the Borrowers, and (iii) counterparts of the Subsidiary Guaranty, executed by a Responsible Officer of the applicable Loan Parties.
(b) Legal Opinions of Counsel. The Administrative Agent shall have received favorable written opinions (addressed to the Administrative Agent and the Lenders and dated the Effective Date) of (i) the chief legal officer of the Loan Parties, and (ii) Jones Day, special counsel for the Loan Parties, in each case covering such matters relating to the Loan Parties, the Loan Documents, this Agreement and the transactions contemplated hereby as the Administrative Agent shall reasonably request. The Company hereby requests such counsels to deliver such opinions.
(c) Officer’s Certificate. The Administrative Agent shall have received a certificate dated the Effective Date, certifying as to (i) the organizational documents of each Loan Party (which, to the extent filed with a Governmental Authority, shall be certified as of a recent date by such Governmental Authority), (ii) the resolutions of the governing body of each Loan Party, (iii) the good standing, existence or its equivalent of each Loan Party, to the extent generally available in such jurisdiction, and (iv) the incumbency (including specimen signatures) of the Responsible Officers of each Loan Party, all in form and substance reasonably acceptable to the Administrative Agent.
(d) [Reserved].
(e) Solvency Certificate. The Administrative Agent shall have received a certificate signed by a Responsible Officer of the Company as to the financial condition,
solvency and related matters of the Company and its Subsidiaries, after giving effect to the initial borrowings under the Loan Documents and the other transactions contemplated hereby.
(f) Officer’s Certificate. The Administrative Agent shall have received a certificate signed by a Responsible Officer of the Company certifying the following: (x) all of the representations and warranties of the Borrowers set forth in the Credit Agreement are true and correct in all material respects and (y) no Default has occurred and is then continuing.
(g) Fees and Expenses. The Administrative Agent and the Lenders shall have received all fees and expenses, if any, owing pursuant to the Fee Letter and hereunder, including, to the extent invoiced three (3) Business Days prior to the Effective Date, reimbursement or payment of all out-of-pocket expenses required to be reimbursed or paid by the Borrowers hereunder.
(h) Existing Indebtedness of the Loan Parties. All of the existing Indebtedness for borrowed money of the Company and its Subsidiaries owing under the Existing Credit Agreement shall be repaid in full and all security interests related thereto shall be terminated on or prior to the Effective Date.
(i) Existing Letters of Credit. Any Letters of Credit listed on Schedule 6.01 issued by JPMorgan Chase Bank, N.A., shall be backstopped, replaced or cash collateralized.
(j) No Litigation. Except for the Disclosed Matters or as otherwise disclosed by the Company in its Annual Report on Form 10-K for the year ended December 31, 2017 and Quarterly Reports on Form 10-Q for the fiscal quarters ended March 31, 2018 and June 30, 2018, there shall have been no actions, suits or proceedings by or before any arbitrator or Governmental Authority pending against or, to the knowledge of any Borrower, threatened against or affecting the Company or any of its Material Subsidiaries (i) as to which there is a reasonable possibility of an adverse determination and that, if adversely determined, could reasonably be expected, individually or in the aggregate, to result in a Material Adverse Effect (other than the Disclosed Matters).
(k) Consents. The Administrative Agent shall have received evidence that all governmental, works council and material third party consents and approvals necessary in connection with the Loan Documents have been obtained except where the failure to have so received or obtained the foregoing could not reasonably be expected to have a Material Adverse Effect.
(l) Licensing Requirements. Each of the Administrative Agent, Swingline Lender, each Issuing Bank and each Lender shall have obtained all applicable licenses, consents, permits and approvals as deemed necessary by such Lender in order to execute and perform the transactions contemplated by the Loan Documents except where the failure to have so received or obtained the foregoing could not reasonably be expected to have a Material Adverse Effect; provided that the Company shall have the right to substitute or remove any Lender not having any such license, consent, permit and/or approval in order to cause the satisfaction of this condition.
(m) KYC Information.
(i) Upon the reasonable request of any Lender made prior to the Effective Date, the Borrowers shall have provided to the Administrative Agent or such Lender, and such Lender shall be reasonably satisfied with, the documentation and other information so requested in connection with applicable “know your customer” and anti-money-laundering rules and regulations, including, without limitation, the PATRIOT Act.
(ii) Any Borrower that qualifies as a “legal entity customer” under the Beneficial Ownership Regulation shall have provided, to each Lender that so requests, a Beneficial Ownership Certification in relation to such Borrower.
Without limiting the generality of the provisions of Article VIII, for purposes of determining compliance with the conditions specified in this Section, each Lender that has signed this Agreement shall be deemed to have consented to, approved or accepted or to be satisfied with, each document or other matter required thereunder to be consented to or approved by or acceptable or satisfactory to a Lender unless the Administrative Agent shall have received notice from such Lender prior to the proposed Effective Date specifying its objection thereto
4.02 Each Credit Event. The obligation of each Lender to make a Loan, and of the Issuing Banks to issue, amend, renew or extend any Letter of Credit, is subject to the satisfaction of the following conditions:
(a) The representations and warranties of the Borrowers set forth in this Agreement (other than the representation and warranty set forth in Section 3.04(b)) shall be true and correct in all material respects on and as of the date of such Borrowing or the date of issuance, amendment, renewal or extension of such Letter of Credit, as applicable.
(b) At the time of and immediately after giving effect to such Borrowing or the issuance, amendment, renewal or extension of such Letter of Credit, as applicable, no Default shall have occurred and be continuing.
Each Borrowing and each issuance, amendment, renewal or extension of a Letter of Credit shall be deemed to constitute a representation and warranty by the Borrowers on the date thereof as to the matters specified in paragraphs (a) and (b) of this Section; provided that the foregoing shall not prohibit the conversion of a Term SOFR Borrowing into an ABR Borrowing pursuant to Section 2.08(e) or the conversion of an ABR Borrowing to a Term SOFR Borrowing or the continuation of a Term SOFR Borrowing or a Foreign Currency Term Rate Borrowing if no Event of Default exists.
4.03 Designation of a Foreign Subsidiary Borrower
. The designation of a Foreign Subsidiary Borrower pursuant to Section 2.23 is subject to the condition precedent that the Company or such proposed Foreign Subsidiary Borrower shall have furnished or caused to be furnished to the Administrative Agent:
(a) Copies, certified by the Secretary or Assistant Secretary of such Subsidiary, of resolutions of its Board of Directors’ or other governing body as applicable (and resolutions of other bodies, if any are deemed necessary by counsel for the Administrative Agent) approving the Borrowing Subsidiary Agreement and any other Loan Documents to which such Subsidiary is becoming a party and such documents and certificates as the Administrative Agent or its counsel may reasonably request relating to the organization, existence and good standing of such Subsidiary;
(b) An incumbency certificate, executed by the Secretary or Assistant Secretary of such Subsidiary, which shall identify by name and title and bear the signature of the officers of such Subsidiary authorized to request Borrowings hereunder and sign the Borrowing Subsidiary Agreement and the other Loan Documents to which such Subsidiary is becoming a party, upon which certificate the Administrative Agent and the Lenders shall be entitled to rely until informed of any change in writing by the Company or such Subsidiary;
(c) Opinions of counsel to such Subsidiary, in form and substance reasonably satisfactory to the Administrative Agent and its counsel, with respect to the laws of its jurisdiction of organization and such other matters as are reasonably requested by counsel to the Administrative Agent and addressed to the Administrative Agent and the Lenders;
(d) Any information as shall be necessary for the Lenders to comply with applicable “know your customer” and anti-money laundering rules and regulations, including without limitation, the Patriot Act; and
(e) Any promissory notes requested by any Lender, and any other instruments and documents reasonably requested by the Administrative Agent.
ARTICLE V
Affirmative Covenants
Until the Commitments have expired or been terminated and the principal of and interest on each Loan and all fees payable hereunder shall have been paid in full and all Letters of Credit shall have expired or terminated, in each case, without any pending draw, and all LC Disbursements shall have been reimbursed, the Company covenants and agrees with the Lenders that:
5.01 Financial Statements and Other Information. The Company will furnish to the Administrative Agent:
(a) as soon as practicable, and in any event no later than the earlier to occur of (x) the one-hundredth (100th) day after the end of each fiscal year of the Company, and (y) the fifth (5th) day after the date on which any of the following items are required to be delivered to the SEC, its audited consolidated balance sheet and related statements of operations, stockholders’ equity and cash flows as of the end of and for such year, setting forth in each case in comparative form the figures for the previous fiscal year, all reported on by KPMG LLP or other independent public accountants of recognized national standing (without a “going concern”
or like qualification or exception and without any qualification or exception as to the scope of such audit) to the effect that such consolidated financial statements present fairly in all material respects the financial condition and results of operations of the Company and its consolidated Subsidiaries for such fiscal year on a consolidated basis in accordance with GAAP consistently applied;
(b) as soon as practicable, and in any event no later than the earlier to occur of (x) the fiftieth (50th) day after the end of each of the first three fiscal quarters of each fiscal year of the Company, and (y) the fifth (5th) day after the date on which any of the following items are required to be delivered to the SEC, its consolidated balance sheet and related statements of operations, stockholders’ equity and cash flows as of the end of and for such fiscal quarter and the then elapsed portion of the fiscal year, setting forth in each case in comparative form the figures for the corresponding period or periods of (or, in the case of the balance sheet, as of the end of) the previous fiscal year, all certified by one of its Financial Officers as presenting fairly in all material respects the financial condition and results of operations of the Company and its consolidated Subsidiaries for such period or periods on a consolidated basis in accordance with GAAP consistently applied, subject to normal year-end audit adjustments and the absence of footnotes;
(c) concurrently with any delivery of financial statements under clause (a) above, a reasonably detailed business plan and forecast (including a projected consolidated balance sheet, income statement and statement of cash flows) of the Company for such fiscal year;
(d) concurrently with any delivery of financial statements under clause (a) or (b) above, a certificate of a Financial Officer of the Company (i) certifying as to whether a Default has occurred and, if a Default has occurred, specifying the details thereof and any action taken or proposed to be taken with respect thereto, (ii) setting forth reasonably detailed calculations computing the Applicable Rate and demonstrating compliance with Sections 6.01(e), 6.01(f), 6.01(l), 6.04, 6.06 and 6.11, (iii) stating whether any change in GAAP or in the application thereof has occurred since the date of the audited financial statements referred to in Section 3.04 and, if any such change has occurred, specifying the effect of such change on the financial statements accompanying such certificate, and (iv) updating Schedule 3.01 in accordance with the definitions of “Material Subsidiary” and “Subsidiary Guarantor”;
(e) concurrently with any delivery of financial statements under clause (a) above, a certificate of the accounting firm that reported on such financial statements stating whether they obtained knowledge during the course of their examination of such financial statements of any Default (which certificate may be limited to the extent required by accounting rules or guidelines);
(f) promptly after the same become publicly available, copies of all periodic and other reports, proxy statements and other materials filed by the Company or any Subsidiary with the SEC, or any Governmental Authority succeeding to any or all of the functions of said Commission, or with any national securities exchange, or distributed by the Company to its shareholders generally, as the case may be;
(g) promptly following any request therefor, provide information and documentation reasonably requested by the Administrative Agent or any Lender for purposes of compliance with applicable “know your customer” and anti-money-laundering rules and regulations, including, without limitation, the PATRIOT Act and the Beneficial Ownership Regulation; and
(h) promptly following any reasonable request therefor, such other information regarding the operations, business affairs and financial condition of the Company or any Subsidiary, or compliance with the terms of this Agreement, as the Administrative Agent or any Lender may reasonably request.
Documents required to be delivered pursuant to clauses (a), (b) and (f) of this Section 5.01 may be delivered electronically and if so delivered, shall be deemed to have been delivered on the date on which such documents are filed for public availability on the SEC’s Electronic Data Gathering and Retrieval System; provided that the Company shall notify (which may be by facsimile or electronic mail and may also be included in the certificate delivered pursuant to clause (d) of this Section 5.01) the Administrative Agent of the filing of any such documents. Notwithstanding anything contained herein, in every instance the Company shall be required to provide paper copies of the compliance certificates required by clause (d) of this Section 5.01 to the Administrative Agent.
5.02 Notices of Material Events. The Company will furnish to the Administrative Agent prompt written notice of the following:
(a) the occurrence of any Default;
(b) the filing or commencement of any action, suit or proceeding by or before any arbitrator or Governmental Authority against or affecting the Company or any Affiliate thereof that could reasonably be expected to result in a Material Adverse Effect;
(c) the occurrence of any ERISA Event that, alone or together with any other ERISA Events that have occurred, could reasonably be expected to result in liability of the Company and its Subsidiaries in an aggregate amount exceeding $5,000,000, and
(d) any other development that results in, or could reasonably be expected to result in, a Material Adverse Effect.
Each notice delivered under this Section shall be accompanied by a statement of a Financial Officer or other executive officer of the Company setting forth in reasonable detail the event or development requiring such notice and any action taken or proposed to be taken with respect thereto.
5.03 Existence; Conduct of Business. The Company will, and will cause each Material Subsidiary to, do or cause to be done all things necessary to preserve, renew and keep in full force and effect its legal existence and business operations and the rights, licenses, permits, privileges and franchises material to the conduct of the business of the Company and the
Material Subsidiaries taken as a whole; provided that the foregoing shall not prohibit any merger, consolidation, liquidation or dissolution permitted under Section 6.03.
5.04 Payment of Obligations. The Company will, and will cause each of its Subsidiaries to, pay its obligations, including Tax liabilities, that, if not paid, could result in a Material Adverse Effect before the same shall become delinquent or in default, except where (a) the validity or amount thereof is being contested in good faith by appropriate proceedings, (b) the Company or such Subsidiary has set aside on its books adequate reserves with respect thereto in accordance with GAAP and (c) the failure to make payment pending such contest could not reasonably be expected to result in a Material Adverse Effect.
5.05 Maintenance of Properties; Insurance. The Company will, and will cause each Material Subsidiary to, (a) keep and maintain all property material to the conduct of the business of the Company and the Material Subsidiaries taken as a whole in good working order and condition, ordinary wear and tear excepted, and (b) maintain, with financially sound and reputable insurance companies, insurance in such amounts and against such risks as are customarily maintained by companies engaged in the same or similar businesses operating in the same or similar locations.
5.06 Books and Records; Inspection Rights. The Company will, and will cause each Material Subsidiary to, keep proper books of record and account in which full, true and correct entries are made of all dealings and transactions in relation to its business and activities. The Company will, and will cause each of its Subsidiaries to, permit any representatives designated by the Administrative Agent or any Lender, upon reasonable prior notice, to visit and inspect its properties, to examine and make extracts from its books and records, and to discuss its affairs, finances and condition with its officers and independent accountants, all at such reasonable times and as often as reasonably requested.
5.07 Compliance with Laws. The Company will, and will cause each Material Subsidiary to, comply with all laws, rules, regulations and orders (including, without limitation, Environmental Laws) of any Governmental Authority applicable to it or its property, except where the failure to do so, individually or in the aggregate, could not reasonably be expected to result in a Material Adverse Effect. The Company will maintain in effect and enforce policies and procedures designed to address compliance by the Company and its Subsidiaries with Anti-Corruption Laws and applicable Sanctions.
5.08 Use of Proceeds and Letters of Credit. The proceeds of the Loans will be used only for working capital, capital expenditures, Permitted Acquisitions, Restricted Payments and for other general corporate purposes of the Company and its Subsidiaries. No part of the proceeds of any Loan will be used, whether directly or indirectly, for any purpose that entails a violation of any of the Regulations of the Board, including Regulations T, U and X. No Borrower will request any Borrowing or Letter of Credit, and no Borrower shall use, and the Company shall have in place policies and procedures designed to address that the Company and its Subsidiaries shall not knowingly use, the proceeds of any Borrowing or Letter of Credit (i) in furtherance of an offer, payment, promise to pay, or authorization of the payment or giving of money, or anything else of value, to any Person in violation of any Anti-Corruption Laws, (ii) for
the purpose of funding, financing or facilitating any activities, business or transaction of or with any Sanctioned Person, or in any Sanctioned Country, to the extent such activities, businesses or transaction would be prohibited by Sanctions if conducted by a corporation incorporated in the United States or in a European Union member state in which the Company or any Subsidiary conducts business or (iii) in any manner that would result in the violation of any Sanctions applicable to the Company or any of its Subsidiaries.
5.09 Additional Subsidiary Documentation. As promptly as possible but in any event within thirty (30) days (in the case of a Domestic Subsidiary) or sixty (60) days (in the case of a Foreign Subsidiary) (or, in each case, such later date as may be agreed upon by the Administrative Agent) after any Person becomes a Subsidiary or any Subsidiary qualifies independently as, or is designated by the Company as, a Subsidiary Guarantor pursuant to the definition of “Subsidiary Guarantor” (including, without limitation, upon formation or designation of any Subsidiary that is a Delaware Divided LLC), the Company shall provide the Administrative Agent with written notice thereof setting forth information in reasonable detail describing the material assets of such Person and (a) shall cause each such Subsidiary which also qualifies or is designated by the Company as a Subsidiary Guarantor to deliver to the Administrative Agent a duly executed supplement to the Subsidiary Guaranty pursuant to which such Subsidiary agrees to be bound by the terms and provisions of the Subsidiary Guaranty, such supplement to be accompanied by appropriate corporate resolutions, other corporate documentation and legal opinions (unless the requirement to deliver such legal opinions is waived by the Administrative Agent in such instance in its discretion) in form and substance reasonably satisfactory to the Administrative Agent or (b) shall cause the pledge of such Subsidiary’s Equity Interests pursuant to Section 5.10 to the extent such Subsidiary, but for its status as an Affected Foreign Subsidiary, would otherwise qualify or be designated by the Company as a Subsidiary Guarantor.
5.10 Pledge Agreements. The Company shall execute or cause to be executed, by no later than sixty days (or such later date as may be agreed upon by the Administrative Agent) after the date on which any First Tier Foreign Subsidiary would, but for its status as an Affected Foreign Subsidiary, qualify or be designated by the Company as a Subsidiary Guarantor, a Pledge Agreement in favor of the Administrative Agent for the benefit of the Holders of Secured Obligations with respect to the Applicable Pledge Percentage of all of the outstanding Equity Interests of such First Tier Foreign Subsidiary; provided that (x) no such pledge of the Equity Interests of a First Tier Foreign Subsidiary shall be required hereunder to the extent such pledge is prohibited by applicable law or the Administrative Agent and its counsel reasonably determine that such pledge would not provide material Collateral for the benefit of the Holders of Secured Obligations pursuant to legally binding, valid and enforceable Pledge Agreements and (y) no such pledge of the Equity Interests of Heidrick & Struggles (UK) Limited shall be required hereunder unless and until such pledge is required by the Administrative Agent. The Company further agrees to deliver to the Administrative Agent all such Pledge Agreements and other Collateral Documents, together with appropriate corporate resolutions and other documentation (including legal opinions (unless the requirement to deliver such legal opinions is waived by the Administrative Agent in such instance in its discretion), the stock certificates representing the Equity Interests subject to such pledge, stock powers with
respect thereto executed in blank, and such other documents as shall be reasonably requested to perfect the Lien of such pledge) in each case in form and substance reasonably satisfactory to the Administrative Agent, and in a manner that the Administrative Agent shall be reasonably satisfied that it has a first priority perfected pledge of or charge over the Collateral related thereto. Notwithstanding the foregoing, the parties hereto acknowledge and agree that no Pledge Agreement in respect of the pledge of Equity Interests of a Foreign Subsidiary shall be required until the date that is sixty (60) days following the Effective Date (or such later date as is agreed to by the Administrative Agent in its reasonable discretion).
ARTICLE XVI
Negative Covenants
Until the Commitments have expired or terminated and the principal of and interest on each Loan and all fees payable hereunder have been paid in full and all Letters of Credit have expired or terminated, in each case, without any pending draw, and all LC Disbursements shall have been reimbursed, the Company covenants and agrees with the Lenders that:
6.01 Indebtedness. The Company will not, and will not permit any Subsidiary to, create, incur, assume or permit to exist any Indebtedness, except:
(a) Indebtedness created hereunder and under the other Loan Documents;
(b) Indebtedness existing on the Effective Date and set forth in Schedule 6.01 and extensions, renewals, refinancings and replacements of any such Indebtedness that do not increase the outstanding principal amount thereof;
(c) Indebtedness of the Company to any Subsidiary and of any Subsidiary to the Company or any other Subsidiary; provided that Indebtedness of any Subsidiary that is not a Loan Party to any Loan Party shall be subject to the limitations set forth in Section 6.04(c);
(d) Guarantees by the Company of Indebtedness of any Subsidiary and by any Subsidiary of Indebtedness of the Company or any other Subsidiary;
(e) Indebtedness of the Company or any Subsidiary incurred to finance the acquisition, construction or improvement of any fixed or capital assets, including Capital Lease Obligations and any Indebtedness assumed in connection with the acquisition of any such assets or secured by a Lien on any such assets prior to the acquisition thereof, and extensions, renewals, refinancings and replacements of any such Indebtedness that do not increase the outstanding principal amount thereof; provided that (i) such Indebtedness is incurred prior to or within 180 days after such acquisition or the completion of such construction or improvement and (ii) the aggregate outstanding principal amount of Indebtedness permitted by this clause (e), shall not exceed $15,000,000 at any time outstanding;
(f) (i) Unsecured Indebtedness of any Person that is assumed in connection with a Permitted Acquisition, and (ii) secured Indebtedness of any Person that becomes a
Subsidiary, or merges into the Company or a Subsidiary after the Effective Date that is assumed in connection with a Permitted Acquisition; provided that, in each case, such Indebtedness exists at the time such Person becomes a Subsidiary, or merges into the Company or a Subsidiary and is not created in contemplation of or in connection with such Person becoming a Subsidiary, or merging into the Company or a Subsidiary, and provided further that the total amount of Indebtedness permitted by clause (f)(ii) shall not exceed $35,000,000 at any time outstanding;
(g) Indebtedness of the Company or any Subsidiary as an account party in respect of (i) trade letters of credit, or (ii) bank guarantees granted in connection with business licenses and leases in the ordinary course of business;
(h) Indebtedness of the Company or any Subsidiary in respect of workers’ compensation claims, self-insurance obligations, performance bonds, surety, appeal or similar bonds and completion guarantees provided by the Company and the Subsidiaries in the ordinary course of business;
(i) Guarantees in the ordinary course of business by the Company or any Subsidiary of Indebtedness incurred by employees or prospective employees; provided that the aggregate principal amount of such Guarantees permitted by this clause (i) shall not exceed $3,000,000 at any one time outstanding;
(j) Indebtedness under Swap Agreements permitted under Section 6.05;
(k) Unsecured Permitted Convertible Indebtedness in an original (or notional) aggregate principal amount not to exceed $200,000,000 (including extensions, renewals, refinancings and replacements thereof); provided that (i) no Default or Event of Default shall exist immediately before or immediately after giving effect thereto on a pro forma basis, and (ii) the Company shall deliver a certificate from a Responsible Officer in form and detail reasonably satisfactory to the Administrative Agent confirming the foregoing and demonstrating compliance with the financial covenants contained in Section 6.11 after giving effect thereto on a pro forma basis; and
(l) Other unsecured Indebtedness in an aggregate principal amount not exceeding $25,000,000 at any time outstanding.
6.02 Liens. The Company will not, and will not permit any Subsidiary to, create, incur, assume or permit to exist any Lien on any property or asset now owned or hereafter acquired by it, or assign or sell any income or revenues (including accounts receivable) or rights in respect of any thereof, except:
(a) Permitted Encumbrances;
(b) any Lien on any property or asset of the Company or any Subsidiary existing on the Effective Date and set forth in Schedule 6.02; provided that
(i) such Lien shall not apply to any other property or asset of the Company or any Subsidiary and
(ii) such Lien shall secure only those obligations which it secures on the Effective Date and extensions, renewals and replacements thereof that do not increase the outstanding principal amount thereof beyond the maximum commitments with respect thereto as in effect on the Effective Date;
(c) any Lien existing on any property or asset prior to the acquisition thereof by the Company or any Subsidiary or existing on any property or asset of any Person that becomes a Subsidiary, or merges into the Company or a Subsidiary after the Effective Date prior to the time such Person becomes a Subsidiary, or merges into the Company or a Subsidiary; provided that
(i) such Lien is not created in contemplation of or in connection with such acquisition or such Person becoming, or merging into, a Subsidiary, as the case may be,
(ii) such Lien shall not apply to any other property or assets of the Company or any Subsidiary and
(iii) such Lien shall secure only those obligations which it secures on the date of such acquisition or the date such Person becomes, or merges into, a Subsidiary, as the case may be and extensions, renewals and replacements thereof that do not increase the outstanding principal amount thereof;
(d) Liens on fixed or capital assets acquired, constructed or improved by the Company or any Subsidiary; provided that
(i) such security interests secure Indebtedness permitted by clause (e) of Section 6.01,
(ii) such security interests and the Indebtedness secured thereby are incurred prior to or within 180 days after such acquisition or the completion of such construction or improvement,
(iii) the Indebtedness secured thereby does not exceed 100% of the cost of acquiring, constructing or improving such fixed or capital assets and
(iv) such security interests shall not apply to any other property or assets of the Company or any Subsidiary;
(e) Liens created by the Collateral Documents; and
(f) any Lien or right to set-off arising under articles 24 or 25 respectively of the general terms and conditions (algemene voorwaarden) of any member of the Dutch Bankers’ Association (Nederlandse Vereniging van Banken) in favour of a lender or an affiliate of a lender;
(g) any Lien including any netting or set-off arising by operation of law as a result of the existence of a fiscal unity (fiscale eenheid) for Dutch tax purposes of which any Dutch Loan Party/Subsidiary is or has been a member; and
(h) Liens not otherwise permitted by this Section 6.02 so long as the aggregate principal amount of the obligations secured thereby subject to such Liens does not exceed $15,000,000.
6.03 Fundamental Changes.
(a) The Company will not, and will not permit any Subsidiary to, merge into or consolidate with any other Person, or permit any other Person to merge into or consolidate with it, or sell, transfer, lease or otherwise dispose of (in one transaction or in a series of transactions) all or any substantial part of its assets, or all or substantially all of the stock of any of its Subsidiaries (in each case, whether now owned or hereafter acquired) (including, in each case any disposition of property to a Delaware Divided LLC pursuant to a Delaware LLC Division), or liquidate or dissolve, except that, if at the time thereof and immediately after giving effect thereto no Default shall have occurred and be continuing
(i) any Subsidiary may merge into the Company in a transaction in which the Company is the surviving corporation,
(ii) any Subsidiary, or branch of the Company or a Subsidiary, may merge into, consolidate with, or sell, transfer, lease or otherwise dispose of (in one transaction or in a series of transactions) (including, in each case any disposition of property to a Delaware Divided LLC pursuant to a Delaware LLC Division) all or any substantial part of its assets, or all or substantially all of the Equity Interests to, any Subsidiary in a transaction in which the surviving entity is a Subsidiary,
(iii) any Subsidiary may sell, transfer, lease or otherwise dispose (including, in each case any disposition of property to a Delaware Divided LLC pursuant to a Delaware LLC Division) of its assets to the Company or to another Subsidiary and
(iv) any Subsidiary may liquidate or dissolve if the Company determines in good faith that such liquidation or dissolution is in the best interests of the Company and is not materially disadvantageous to the Lenders; provided that any merger involving a Person that is not a Subsidiary immediately prior to such merger shall not be permitted unless also permitted by Section 6.04.
(b) The Company will not, and will not permit any of its Subsidiaries to, engage to any material extent in any business other than businesses of the type conducted by the Company and its Subsidiaries on the date of execution of this Agreement and businesses reasonably related or strategically aligned thereto.
6.04 Investments, Loans, Advances, Guarantees and Acquisitions. The Company will not, and will not permit any of its Subsidiaries to, purchase, hold or acquire (including pursuant to any merger or consolidation with any Person that was not a wholly owned Subsidiary prior to such merger or consolidation) any capital stock, evidences of indebtedness or other securities (including any option, warrant or other right to acquire any of the foregoing) of, make or permit to exist any loans or advances to, Guarantee any obligations of, or make or permit to exist any investment or any other interest in, any other Person, or purchase or otherwise
acquire (in one transaction or a series of transactions) any Person or any assets of any other Person constituting a business unit, except:
(a) (i) Permitted Investments and (ii) so long as the aggregate outstanding amount thereof does not exceed $40,000,000 at any time, Permitted Two-Year Investments;
(b) loans, advances or investments existing on the Effective Date and listed on Schedule 6.04;
(c) loans, advances or capital contributions made by the Company in or to any Subsidiary and made by any Subsidiary in or to the Company or any other Subsidiary, provided that, unless constituting Permitted Foreign Reorganization Transfers, not more than $30,000,000 in loans, advances or capital contributions that are made by the Company or any Subsidiary Loan Party to a Person which is not a Subsidiary Loan Party may be outstanding at any time;
(d) Guarantees constituting Indebtedness permitted by Section 6.01;
(e) investments received in connection with the bankruptcy or reorganization of, or settlement of delinquent accounts and disputes with, customers and suppliers, in each case in the ordinary course of business;
(f) Permitted Acquisitions;
(g) Guarantees by the Company and any Subsidiary of leases entered into in the ordinary course of business by any Subsidiary as lessee;
(h) extensions of credit in the nature of accounts receivable or notes receivable in the ordinary course of business;
(i) investments in payroll, travel, relocation and similar advances to employees and prospective employees to cover matters that are expected at the time of such advances ultimately to be treated as expenses for accounting purposes and that are made in the ordinary course of business;
(j) investments in or acquisitions of stock, obligations or securities received in settlement of debts created in the ordinary course of business and owing to the Company or any Subsidiary or in satisfaction of judgments;
(k) investments in equity securities and rights to acquire equity securities acquired as part of fees charged to clients or otherwise in connection with the performance of services by the Company and its Subsidiaries in the ordinary course of business;
(l) warrants, options and Equity Interests received by the Company or any Subsidiary as full or partial compensation for services rendered by the Company or any Subsidiary, all in the ordinary course of business consistent with past practice;
(m) deposit accounts maintained in the ordinary course of business and Cash Pooling Arrangements;
(n) [reserved]; and
(o) investments under (i) Swap Agreements permitted under Section 6.05, and (ii) Permitted Bond Hedge Transactions and Permitted Warrant Transactions entered into in connection with Permitted Convertible Indebtedness and the performance of its obligations thereunder; and
(p) other investments by the Company in an aggregate amount not exceeding $15,000,000 at any time outstanding.
For purposes of determining compliance with this section, the amount of any investment at any time shall be the amount actually invested (measured at the time made), without adjustment for subsequent increases or decreases in the value of such investment, less any returns to the Company or Subsidiary, as applicable, in respect of such investment; provided that the aggregate amount of such returns shall not exceed the original amount of such investment.
6.05 Swap Agreements. The Company will not, and will not permit any of its Subsidiaries to, enter into any Swap Agreement, except (a) Swap Agreements entered into to hedge or mitigate commercial (or operational) risks of the Company or any Subsidiary (other than risks in respect of Equity Interests or Subordinated Indebtedness of the Company or any of its Subsidiaries), and (b) Swap Agreements entered into with respect to foreign currency transactions or in order to effectively cap, collar or exchange interest rates (from fixed to floating rates, from one floating rate to another floating rate or otherwise) with respect to any interest-bearing liability or investment, or anticipated interest-bearing liability or investment, of the Company or any Subsidiary.
6.06 Restricted Payments. The Company will not, and will not permit any of its Subsidiaries to, declare or make, or agree to pay or make, directly or indirectly, any Restricted Payment, except
(a) the Company may declare and pay dividends with respect to its Equity Interests payable solely in additional shares of its common stock,
(b) Subsidiaries may declare and pay dividends ratably with respect to their Equity Interests,
(c) the Company may make payments in respect of Permitted Convertible Indebtedness (including for the avoidance of doubt Permitted Bond Hedge Transactions and Permitted Warrant Transactions related thereto);
(d) for so long as the Company files a consolidated, combined or unitary income Tax return with its Subsidiaries, such Subsidiaries may make distributions to the Company to allow the Company to pay all federal, state and local income Taxes and franchise Taxes of Borrower; and
(e) so long as (i) no Event of Default has then occurred or is continuing or would arise after giving effect thereto and (ii) Availability shall not be less than $25,000,000
after giving effect thereto, the Company may make Restricted Payments to the extent the aggregate amount of such Restricted Payments does not exceed $75,000,000 in any period of twelve consecutive months; provided that the Company may make Restricted Payments in excess of $75,000,000, but not to exceed $100,000,000 in any period of twelve consecutive months, if after giving pro forma effect to any such Restricted Payment, the Leverage Ratio would not exceed 1.75 to 1.00. As used herein, “Availability” means, at any time, an amount equal to the aggregate Commitments then in effect minus the aggregate Credit Exposures of all Lenders at such time.
Notwithstanding anything to the contrary above or elsewhere contained herein, the entry into (including any payments of premiums in connection therewith), performance of obligations under (including any payments of interest), and conversion, exercise, repurchase, redemption, settlement or early termination or cancellation of (whether in whole or in part and including by netting or set-off) (in each case, whether in cash, common or other securities or property), any Permitted Convertible Indebtedness, any Permitted Bond Hedge Transactions and any Permitted Warrant Transactions are not prohibited, limited or constrained hereunder.
6.07 Transactions with Affiliates. The Company will not, and will not permit any Material Subsidiary to, sell, lease or otherwise transfer any property or assets to, or purchase, lease or otherwise acquire any property or assets from, or otherwise engage in any other transactions with, any of its Affiliates, except
(a) in the ordinary course of business at prices and on terms and conditions not materially less favorable to the Company or such Material Subsidiary than could be obtained on an arm’s-length basis from unrelated third parties,
(b) transactions (i) between or among the Company and Subsidiary Loan Parties not involving any other Affiliate or (ii) between or among Subsidiaries (none of whom are Subsidiary Loan Parties),
(c) any Indebtedness permitted by Section 6.01,
(d) any transfer or other disposition permitted by Section 6.03,
(e) any investment permitted by Section 6.04, and
(f) any Restricted Payment permitted by Section 6.06.
6.08 Restrictive Agreements. The Company will not, and will not permit any Material Subsidiary to, directly or indirectly, enter into, incur or permit to exist any agreement or other arrangement that prohibits, restricts or imposes any condition upon
(a) the ability of the Company or any Material Subsidiary to create, incur or permit to exist any Lien upon any of its property or assets, or
(b) the ability of any Material Subsidiary to pay dividends or other distributions with respect to any of its Equity Interests or to make or repay loans or advances to the Company or any Material Subsidiary or to Guarantee Indebtedness of the Company or any Material Subsidiary; provided that
(i) the foregoing shall not apply to restrictions and conditions imposed by law or by this Agreement,
(ii) the foregoing shall not apply to restrictions and conditions existing on the Effective Date identified on Schedule 6.08 (but shall apply to any extension or renewal of, or any amendment or modification expanding the scope of, any such restriction or condition (other than in connection with the extension of the maturity of any underlying Indebtedness which is otherwise permitted hereunder)),
(iii) the foregoing shall not apply to customary restrictions and conditions contained in agreements relating to the sale of a Subsidiary or an asset pending such sale, provided such restrictions and conditions apply only to the Subsidiary or the asset that is to be sold and such sale is permitted hereunder,
(iv) clause (a) of the foregoing shall not apply to restrictions or conditions imposed by any agreement relating to secured Indebtedness permitted by this Agreement if such restrictions or conditions apply only to the property or assets securing such Indebtedness,
(v) clause (a) of the foregoing shall not apply to customary provisions in leases restricting the assignment thereof, and
(vi) the foregoing shall not apply to customary restrictions and conditions contained in joint venture agreements executed in connection with investments permitted under Section 6.04.
6.09 Changes in Fiscal Year. The Company will not, and will not permit any Material Subsidiary to, change its fiscal year from its present basis; provided that any Subsidiary acquired after the Effective Date pursuant to a Permitted Acquisition may change its fiscal year to the fiscal year basis employed by the Company within one (1) year following such Permitted Acquisition so long as the Company delivers at least thirty (30) days’ prior written notice of such change to the Administrative Agent.
6.10 Subordinated Indebtedness. The Company will not, and will not permit any Subsidiary to enter into any amendment to any indenture, note or other agreement evidencing or governing any Subordinated Indebtedness, or directly or indirectly voluntarily prepay, decrease or in substance decrease, purchase, redeem, retire or otherwise acquire, any Subordinated Indebtedness, in each case, in a manner prohibited by the subordination agreement applicable thereto.
6.11 Financial Covenants.
(A) Consolidated Interest Coverage Ratio. The Company will not permit the ratio (the “Consolidated Interest Coverage Ratio”), determined as of the end of each of its fiscal
quarters ending on and after December 31, 2018 for the period of 4 consecutive fiscal quarters ending with the end of such fiscal quarter, of (i) Consolidated EBITDA to (ii) Consolidated Interest Expense plus or minus the non-cash components of Consolidated Interest Expense, such as non-cash interest expense relating to Permitted Convertible Indebtedness, all calculated for the Company and its Subsidiaries on a consolidated basis, to be less than 3.50 to 1.00.
(B) Leverage Ratio. The Company will not permit the ratio (the “Leverage Ratio”), determined as of the end of each of its fiscal quarters ending on and after December 31, 2018, of (i) Consolidated Total Indebtedness to (ii) Consolidated EBITDA for the period of 4 consecutive fiscal quarters ending with the end of such fiscal quarter, to be greater than 3.00 to 1.00.
ARTICLE VII
Events of Default
If any of the following events (“Events of Default”) shall occur:
(a) any Borrower shall fail to pay any principal of any Loan or any reimbursement obligation in respect of any LC Disbursement when and as the same shall become due and payable, whether at the due date thereof or at a date fixed for prepayment thereof or otherwise;
(b) any Borrower shall fail to pay any interest on any Loan or any fee or any other amount (other than an amount referred to in clause (a) of this Article) payable under this Agreement or any other Loan Document, when and as the same shall become due and payable, and such failure shall continue unremedied for a period of three Business Days;
(c) any representation or warranty made or deemed made by or on behalf of any Borrower or any Subsidiary in or in connection with this Agreement, the Subsidiary Guaranty or any other Loan Document or any amendment or modification hereof or thereof or waiver hereunder or thereunder, or in any report, certificate, financial statement or other document furnished pursuant to or in connection with this Agreement, the Subsidiary Guaranty or any other Loan Document or any amendment or modification thereof or waiver thereunder, shall prove to have been incorrect in any material respect when made or deemed made;
(d) (i) any Borrower shall fail to observe or perform any covenant, condition or agreement contained in Sections 5.01, 5.02, 5.03 (with respect to any Borrower’s existence), 5.08, 5.09 or 5.10, in Article VI or in Article X, or (ii) any Loan Document shall for any reason not be or shall cease to be in full force and effect or is declared to be null and void, or the Company or any Subsidiary takes any action for the purpose of terminating, repudiating or rescinding any Loan Document or any of its obligations thereunder;
(e) any Borrower or any Subsidiary Guarantor, as applicable, shall fail to observe or perform any covenant, condition or agreement contained in this Agreement (other than those specified in clause (a), (b) or (d) of this Article or any other Loan Document), and such failure shall continue unremedied for a period of thirty (30) days after notice thereof from
the Administrative Agent to the Company (which notice will be given at the request of any Lender);
(f) the Company or any Subsidiary shall fail to make any payment (whether of principal or interest and regardless of amount) in respect of any Material Indebtedness, when and as the same shall become due and payable;
(g) other than with respect to conversion of any Permitted Convertible Indebtedness, any event or condition which occurs that results in any Material Indebtedness of the Company or any Material Subsidiary becoming due prior to its scheduled maturity or that enables or permits the holder or holders of any Material Indebtedness or any trustee or agent on its or their behalf to cause any Material Indebtedness to become due, or to require the prepayment, repurchase, redemption or defeasance thereof, prior to its scheduled maturity; provided that this clause (g) shall not apply to secured Indebtedness that becomes due as a result of the voluntary sale or transfer of the property or assets securing such Indebtedness;
(h) an involuntary proceeding shall be commenced or an involuntary petition shall be filed seeking (i) liquidation, reorganization or other relief in respect of the Company or any Material Subsidiary or its debts, or of a substantial part of its assets, under any Federal, state or foreign bankruptcy, insolvency, receivership or similar law now or hereafter in effect or (ii) the appointment of a receiver, trustee, custodian, sequestrator, conservator or similar official for the Company or any Material Subsidiary or for a substantial part of its assets, and, in any such case, such proceeding or petition shall continue undismissed for sixty (60) days or an order or decree approving or ordering any of the foregoing shall be entered;
(i) the Company or any Material Subsidiary shall
(i) voluntarily commence any proceeding or file any petition seeking liquidation, reorganization or other relief under any Federal, state or foreign bankruptcy, insolvency, receivership or similar law now or hereafter in effect,
(ii) consent to the institution of, or fail to contest in a timely and appropriate manner, any proceeding or petition described in clause (h) of this Article,
(iii) apply for or consent to the appointment of a receiver, trustee, custodian, sequestrator, conservator or similar official for the Company or any Material Subsidiary or for a substantial part of its assets,
(iv) file an answer admitting the material allegations of a petition filed against it in any such proceeding,
(v) make a general assignment for the benefit of creditors or
(vi) take any action for the purpose of effecting any of the foregoing;
(j) the Company or any Material Subsidiary shall become unable, admit in writing its inability or fail generally to pay its debts as they become due;
(k) any Dutch Borrower or any other Dutch Subsidiary files a notice under Section 36 of the Dutch Tax Collection Act (Invorderingswet 1990) or Section 60 of the Social Insurance Financing Act of the Netherlands (Wet Financiering Sociale Verzekeringen) in conjunction with Section 36 of the Tax Collection Act (Invorderingswet 1990);
(l) one or more judgments for the payment of money in an aggregate amount (to the extent not covered by independent third-party insurance as to which the insurer does not dispute coverage) in excess of $20,000,000 shall be rendered against the Company or Material Subsidiary or any combination thereof and the same shall remain undischarged for a period of sixty (60) consecutive days during which execution shall not be effectively stayed, or any action shall be legally taken by a judgment creditor to attach or levy upon any assets of the Company or such Material Subsidiary to enforce any such judgment;
(m) an ERISA Event shall have occurred that, in the opinion of the Required Lenders, when taken together with all other ERISA Events that have occurred, both (i) has an aggregate unreserved cost to the Company in excess of $20,000,000 and (ii) could reasonably be expected to result in a Material Adverse Effect;
(n) a Change in Control shall occur;
(o) any material provision of any Loan Document for any reason ceases to be valid, binding and enforceable in accordance with its terms (or the Company or any Subsidiary shall challenge the enforceability of any Loan Document or shall assert in writing that any provision of any of the Loan Documents has ceased to be or otherwise is not valid, binding and enforceable in accordance with its terms); or
(p) any Collateral Document, once executed, shall for any reason fail to create a valid and perfected first priority security interest in any material portion of the Collateral purported to be covered thereby, or any action shall be taken by or on behalf of any Borrower or any Subsidiary to discontinue or to assert the invalidity or unenforceability of any Collateral Document;
then, and in every such event (other than an event with respect to the Company described in clause (h) or (i) of this Article), and at any time thereafter during the continuance of such event, the Administrative Agent may, and at the request of the Required Lenders shall, by notice to the Company, take either or both of the following actions, at the same or different times:
(i) terminate the Commitments, and thereupon the Commitments shall terminate immediately, and
(ii) declare the Loans then outstanding to be due and payable in whole (or in part, in which case any principal not so declared to be due and payable may thereafter be declared to be due and payable), and thereupon the principal of the Loans so declared to be due and payable, together with accrued interest thereon and all fees and other Secured Obligations accrued hereunder and under the other Loan Documents, shall become due and payable immediately, without presentment, demand, protest or other notice of any kind, all of which are hereby waived by the Borrowers; and in case of any event with respect to any Borrower described in clause (h) or (i) of
this Article, the Commitments shall automatically terminate and the principal of the Loans then outstanding, together with accrued interest thereon and all fees and other Secured Obligations accrued hereunder, shall automatically become due and payable, without presentment, demand, protest or other notice of any kind, all of which are hereby waived by the Borrowers. Upon the occurrence and during the continuance of an Event of Default, the Administrative Agent may, and at the request of the Required Lenders shall, exercise any rights and remedies provided to the Administrative Agent under the Loan Documents or at law or equity.
Any proceeds of Collateral received by the Administrative Agent after an Event of Default has occurred and is continuing and the Administrative Agent so elects or the Required Lenders so direct, such funds shall be applied ratably first, to pay any fees, indemnities, or expense reimbursements including amounts then due to the Administrative Agent and the Issuing Banks from any Borrower, second, to pay any fees or expense reimbursements then due to the Lenders from any Borrower, third, to pay interest then due and payable on the Loans ratably, fourth, to prepay principal on the Loans and unreimbursed LC Disbursements and any other amounts owing with respect to Banking Services Obligations and Swap Obligations ratably, fifth, to pay an amount to the Administrative Agent equal to one hundred five percent (105%) of the aggregate undrawn face amount of all outstanding Letters of Credit and the aggregate amount of any unpaid LC Disbursements, to be held as cash collateral for such Obligations, sixth, to the payment of any other Obligation due to the Administrative Agent or any Lender by any Borrower, and thereafter, to the Borrowers. The Administrative Agent and the Lenders shall have the continuing and exclusive right to apply and reverse and reapply any and all such proceeds and payments to any portion of the Obligations.
ARTICLE VIII
The Administrative Agent
Each of the Lenders and the Issuing Banks hereby irrevocably appoints the Administrative Agent as its agent and authorizes the Administrative Agent to take such actions on its behalf, including execution of the other Loan Documents, and to exercise such powers as are delegated to the Administrative Agent by the terms of the Loan Documents, together with such actions and powers as are reasonably incidental thereto. The provisions of this Article are solely for the benefit of the Administrative Agent, the Lenders and the Issuing Banks, and neither the Borrowers nor any other Loan Party shall have rights as a third party beneficiary of any of such provisions. It is understood and agreed that the use of the term “agent” herein or in any other Loan Documents (or any other similar term) with reference to the Administrative Agent is not intended to connote any fiduciary or other implied (or express) obligations arising under agency doctrine of any applicable law. Instead such term is used as a matter of market custom, and is intended to create or reflect only an administrative relationship between contracting parties.
The bank serving as the Administrative Agent hereunder shall have the same rights and powers in its capacity as a Lender as any other Lender and may exercise the same as though it were not the Administrative Agent, and such bank and its Affiliates may accept
deposits from, lend money to and generally engage in any kind of business with the Company or any Subsidiary or other Affiliate thereof as if it were not the Administrative Agent hereunder.
The Administrative Agent shall not have any duties or obligations except those expressly set forth in the Loan Documents. Without limiting the generality of the foregoing,
(a) the Administrative Agent shall not be subject to any fiduciary or other implied duties, regardless of whether a Default has occurred and is continuing,
(b) the Administrative Agent shall not have any duty to take any discretionary action or exercise any discretionary powers, except discretionary rights and powers expressly contemplated by the Loan Documents that the Administrative Agent is required to exercise in writing as directed by the Required Lenders (or such other number or percentage of the Lenders as shall be necessary under the circumstances as provided in Section 9.02), provided that the Administrative Agent shall not be required to take any action that, in its opinion or the opinion of its counsel, may expose the Administrative Agent to liability or that is contrary to any Loan Document or applicable law, including for the avoidance of doubt any action that may be in violation of the automatic stay under the Bankruptcy Code or that may effect a forfeiture, modification or termination of property of a Defaulting Lender in violation of the Bankruptcy Code, and
(c) except as expressly set forth in the Loan Documents, the Administrative Agent shall not have any duty to disclose, and shall not be liable for the failure to disclose, any information relating to the Company or any of its Subsidiaries that is communicated to or obtained by the bank serving as Administrative Agent or any of its Affiliates in any capacity. The Administrative Agent shall not be liable for any action taken or not taken by it with the consent or at the request of the Required Lenders (or such other number or percentage of the Lenders as shall be necessary under the circumstances as provided in Section 9.02) or in the absence of its own gross negligence or willful misconduct as determined by a final nonappealable judgment of a court of competent jurisdiction. The Administrative Agent shall be deemed not to have knowledge of any Default unless and until written notice thereof is given to the Administrative Agent by the Company or a Lender, and the Administrative Agent shall not be responsible for or have any duty to ascertain or inquire into:
(i) any statement, warranty or representation made in or in connection with any Loan Document,
(ii) the contents of any certificate, report or other document delivered hereunder or in connection with any Loan Document,
(iii) the performance or observance of any of the covenants, agreements or other terms or conditions set forth in any Loan Document,
(iv) the validity, enforceability, effectiveness or genuineness of any Loan Document or any other agreement, instrument or document,
(v) the satisfaction of any condition set forth in Article IV or elsewhere in any Loan Document, other than to confirm receipt of items expressly required to be delivered to the Administrative Agent, or
(vi) the creation, perfection or priority of any of the Liens on any of the Collateral or the existence of the Collateral.
The Administrative Agent shall be entitled to rely upon, and shall not incur any liability for relying upon, any notice, request, certificate, consent, statement, instrument, document or other writing believed by it to be genuine and to have been signed or sent by the proper Person. The Administrative Agent also may rely upon any statement made to it orally or by telephone and believed by it to be made by the proper Person, and shall not incur any liability for relying thereon. The Administrative Agent may consult with legal counsel (who may be counsel for the Company), independent accountants and other experts selected by it, and shall not be liable for any action taken or not taken by it in accordance with the advice of any such counsel, accountants or experts. For purposes of determining compliance with the conditions specified in Section 4.01, each Lender that has signed this Agreement shall be deemed to have consented to, approved or accepted or to be satisfied with, each document or other matter required thereunder to be consented to or approved by or acceptable or satisfactory to a Lender unless the Administrative Agent shall have received notice from such Lender prior to the proposed Effective Date specifying its objections.
The Administrative Agent may perform any and all of its duties and exercise its rights and powers by or through any one or more sub-agents appointed by the Administrative Agent. The Administrative Agent and any such sub-agent may perform any and all its duties and exercise its rights and powers through their respective Related Parties. The exculpatory provisions of the preceding paragraphs shall apply to any such sub-agent and to the Related Parties of the Administrative Agent and any such sub-agent, and shall apply to their respective activities in connection with the syndication of the credit facilities provided for herein as well as activities as Administrative Agent.
Subject to the appointment and acceptance of a successor Administrative Agent as provided in this paragraph, the Administrative Agent may resign at any time by notifying the Lenders, the Swingline Lender, the Issuing Banks and the Company. Upon any such resignation, the Required Lenders shall have the right, with the written consent of the Company so long as no Event of Default exists (which consent shall not be unreasonably withheld or delayed), to appoint a successor. If no successor shall have been so appointed by the Required Lenders and shall have accepted such appointment within thirty (30) days after the retiring Administrative Agent gives notice of its resignation, then the retiring Administrative Agent may, on behalf of the Lenders and the Issuing Banks, appoint a successor Administrative Agent which shall be a bank with an office in New York, New York, or an Affiliate of any such bank. Upon the acceptance of its appointment as Administrative Agent hereunder by a successor, such successor shall succeed to and become vested with all the rights, powers, privileges and duties of the retiring Administrative Agent, and the retiring Administrative Agent shall be discharged from its duties and obligations hereunder. The fees payable by any Borrower to a successor Administrative Agent shall be the same as (and without duplication of) those payable to its predecessor unless
otherwise agreed between such Borrower and such successor. After the Administrative Agent’s resignation hereunder, the provisions of this Article and Section 9.03 shall continue in effect for the benefit of such retiring Administrative Agent, its sub-agents and their respective Related Parties in respect of any actions taken or omitted to be taken by any of them while it was acting as Administrative Agent.
An Issuing Bank may be replaced at any time by written agreement among the Company, the Administrative Agent, the replaced Issuing Bank and the successor Issuing Bank. The Administrative Agent shall notify the Lenders of any such replacement of an Issuing Bank. At the time any such replacement shall become effective, the Borrowers shall pay all unpaid fees accrued for the account of the replaced Issuing Bank pursuant to Section 2.12(b). From and after the effective date of any such replacement, (x) the successor Issuing Bank shall have all the rights and obligations of Issuing Banks under this Agreement with respect to Letters of Credit to be issued thereafter and (y) references herein to the term “Issuing Bank” shall be deemed to refer to such successor or to any previous Issuing Banks, or to such successor and all previous Issuing Banks, as the context shall require. After the replacement of an Issuing Bank hereunder, the replaced Issuing Bank shall remain a party hereto and shall continue to have all the rights and obligations of an Issuing Bank under this Agreement with respect to Letters of Credit issued by it prior to such replacement, but shall not be required to issue additional Letters of Credit.
Each Lender acknowledges and agrees that the extensions of credit made hereunder are commercial loans and letters of credit and not investments in a business enterprise or securities. Each Lender further represents that it is engaged in making, acquiring or holding commercial loans in the ordinary course of its business and has, independently and without reliance upon the Administrative Agent or any other Lender and based on such documents and information as it has deemed appropriate, made its own credit analysis and decision to enter into this Agreement as a Lender, and to make, acquire or hold Loans hereunder. Each Lender shall, independently and without reliance upon the Administrative Agent or any other Lender and based on such documents and information (which may contain material, non-public information within the meaning of the United States securities laws concerning the Company and its Affiliates) as it shall from time to time deem appropriate, continue to make its own decisions in taking or not taking action under or based upon this Agreement, any related agreement or any document furnished hereunder or thereunder and in deciding whether or to the extent to which it will continue as a lender or assign or otherwise transfer its rights, interests and obligations hereunder.
Each Lender authorizes the Administrative Agent to enter into each of the Collateral Documents to which the Administrative Agent is from time to time a party and to take all action contemplated by such documents. Each Lender agrees that no Holder of Secured Obligations (other than the Administrative Agent) shall have the right individually to seek to realize upon the security granted by any Collateral Document, it being understood and agreed that such rights and remedies may be exercised solely by the Administrative Agent for the benefit of the Holders of Secured Obligations upon the terms of the Collateral Documents.
In the event that any Collateral is hereafter pledged by any Person as collateral security for the Obligations, the Administrative Agent is hereby authorized, and hereby granted a
power of attorney, to execute and deliver on behalf of the Holders of Secured Obligations any Loan Documents necessary or appropriate to grant and perfect a Lien on such Collateral in favor of the Administrative Agent on behalf of the Holders of Secured Obligations.
The Lenders hereby authorize the Administrative Agent, at its option and in its discretion, to release any Lien granted to or held by the Administrative Agent upon any Collateral (i) as described in Section 9.02(d); (ii) as permitted by, but only in accordance with, the terms of the applicable Loan Document; or (iii) if approved, authorized or ratified in writing by the Required Lenders, unless such release is required to be approved by all of the Lenders hereunder. In addition, the Administrative Agent shall, and the Lenders hereby authorize the Administrative Agent, to promptly release any Subsidiary Guarantor which becomes an Affected Foreign Subsidiary from the Subsidiary Guaranty; provided that (i) nothing contained in this sentence shall relieve the Company or any Subsidiary from its obligations under Sections 5.09 or 5.10 and (ii) the Company and each applicable Subsidiary shall comply with Section 5.10. Upon request by the Administrative Agent at any time, the Lenders will confirm in writing the Administrative Agent’s authority to release particular types or items of Collateral pursuant hereto.
Upon any sale or transfer of assets constituting Collateral which is expressly permitted pursuant to the terms of any Loan Document, or consented to in writing by the Required Lenders or all of the Lenders, as applicable, and upon at least five (5) Business Days’ prior written request by the Company to the Administrative Agent, the Administrative Agent shall (and is hereby irrevocably authorized by the Lenders to) execute such documents as may be necessary to evidence the release of the Liens granted to the Administrative Agent for the benefit of the Holders of Secured Obligations herein or pursuant hereto upon the Collateral that was sold or transferred; provided, however, that (i) the Administrative Agent shall not be required to execute any such document on terms which, in the Administrative Agent’s opinion, would expose the Administrative Agent to liability or create any obligation or entail any consequence other than the release of such Liens without recourse or warranty, and (ii) such release shall not in any manner discharge, affect or impair the Secured Obligations or any Liens upon (or obligations of the Company or any Subsidiary in respect of) all interests retained by the Company or any Subsidiary, including (without limitation) the proceeds of the sale, all of which shall continue to constitute part of the Collateral.
None of the Lenders, if any, identified in this Agreement as an arranger or Documentation Agent shall have any right, power, obligation, liability, responsibility or duty under this Agreement other than those applicable to all Lenders as such. Without limiting the foregoing, none of such Lenders shall have or be deemed to have a fiduciary relationship with any Lender. Each Lender hereby makes the same acknowledgments with respect to the relevant Lenders in their capacity as an arranger or Documentation Agent, as applicable, as it makes with respect to the Administrative Agent in the preceding paragraph.
The Lenders are not partners or co-venturers, and no Lender shall be liable for the acts or omissions of, or (except as otherwise set forth herein in case of the Administrative Agent) authorized to act for, any other Lender. The Administrative Agent shall have the exclusive right on behalf of the Lenders to enforce the payment of the principal of and interest on any Loan after
the date such principal or interest has become due and payable pursuant to the terms of this Agreement.
Each Borrower, on its behalf and on behalf of its Subsidiaries, and each Lender, on its behalf and on the behalf of its affiliated Holders of Secured Obligations, hereby irrevocably constitute the Administrative Agent as the holder of an irrevocable power of attorney (fondé de pouvoir within the meaning of Article 2692 of the Civil Code of Québec) in order to hold hypothecs and security granted by each Borrower or any Subsidiary on property pursuant to the laws of the Province of Québec to secure obligations of any Borrower or any Subsidiary under any bond, debenture or similar title of indebtedness issued by any Borrower or any Subsidiary in connection with this Agreement, and agree that the Administrative Agent may act as the bondholder and mandatary with respect to any bond, debenture or similar title of indebtedness that may be issued by any Borrower or any Subsidiary and pledged in favor of the Holders of Secured Obligations in connection with this Agreement. Notwithstanding the provisions of Section 32 of the An Act respecting the special powers of legal persons (Québec), Bank of America, N.A. as Administrative Agent may acquire and be the holder of any bond issued by any Borrower or any Subsidiary in connection with this Agreement (i.e., the fondé de pouvoir may acquire and hold the first bond issued under any deed of hypothec by any Borrower or any Subsidiary).
The Administrative Agent is hereby authorized to execute and deliver any documents necessary or appropriate to create and perfect the rights of pledge for the benefit of the Holders of Secured Obligations including a right of pledge with respect to the entitlements to profits, the balance left after winding up and the voting rights of the Company as ultimate parent of any subsidiary of the Company which is organized under the laws of the Netherlands and the Equity Interests of which are pledged in connection herewith (a “Dutch Pledge”). Without prejudice to the provisions of this Agreement and the other Loan Documents, the parties hereto acknowledge and agree with the creation of parallel debt obligations of the Company or any relevant Subsidiary as will be described in any Dutch Pledge (the “Parallel Debt”), including that any payment received by the Administrative Agent in respect of the Parallel Debt will - conditionally upon such payment not subsequently being avoided or reduced by virtue of any provisions or enactments relating to bankruptcy, insolvency, preference, liquidation or similar laws of general application - be deemed a satisfaction of a pro rata portion of the corresponding amounts of the Secured Obligations, and any payment to the Holders of Secured Obligations in satisfaction of the Secured Obligations shall - conditionally upon such payment not subsequently being avoided or reduced by virtue of any provisions or enactments relating to bankruptcy, insolvency, preference, liquidation or similar laws of general application - be deemed as satisfaction of the corresponding amount of the Parallel Debt. The parties hereto acknowledge and agree that, for purposes of a Dutch Pledge, any resignation by the Administrative Agent is not effective until its rights under the Parallel Debt are assigned to the successor Administrative Agent.
The parties hereto acknowledge and agree for the purposes of taking and ensuring the continuing validity of German law governed pledges (Pfandrechte) with the creation of parallel debt obligations of the Company and its Subsidiaries as will be further described in a
separate German law governed parallel debt undertaking. The Administrative Agent shall (i) hold such parallel debt undertaking as fiduciary agent (Treuhänder) and (ii) administer and hold as fiduciary agent (Treuhänder) any pledge created under a German law governed Collateral Document which is created in favor of any Holder of Secured Obligations or transferred to any Holder of Secured Obligations due to its accessory nature (Akzessorietät), in each case of (i) and (ii) in its own name and for the account of the Holders of Secured Obligations. Each Lender (on behalf of itself and its affiliated Holders of Secured Obligations) hereby authorizes the Administrative Agent to enter as its agent (Vertreter) in its name and on its behalf into any German law governed Collateral Document, accept as its agent in its name and on its behalf any pledge or other creation of any accessory security right in relation to this Agreement and to agree to and execute on its behalf as its representative in its name and on its behalf any amendments, supplements and other alterations to any such Collateral Document and to release on behalf of any such Lender or Holder of Secured Obligations any such Collateral Document and any pledge created under any such Collateral Document in accordance with the provisions herein and/or the provisions in any such Collateral Document.
(a) Each Lender (x) represents and warrants, as of the date such Person became a Lender party hereto, to, and (y) covenants, from the date such Person became a Lender party hereto to the date such Person ceases being a Lender party hereto, for the benefit of, the Administrative Agent and its respective Affiliates, and for the benefit of the Borrowers and each other Loan Party, that at least one of the following is and will be true:
(i) such Lender is not using “plan assets” (within the meaning of the Plan Asset Regulations) of one or more Benefit Plans in connection with the Loans, the Letters of Credit or the Commitments or this Agreement,
(ii) the transaction exemption set forth in one or more PTEs, such as PTE 84-14 (a class exemption for certain transactions determined by independent qualified professional asset managers), PTE 95-60 (a class exemption for certain transactions involving insurance company general accounts), PTE 90-1 (a class exemption for certain transactions involving insurance company pooled separate accounts), PTE 91-38 (a class exemption for certain transactions involving bank collective investment funds) or PTE 96-23 (a class exemption for certain transactions determined by in-house asset managers), is applicable with respect to such Lender’s entrance into, participation in, administration of and performance of the Loans, the Letters of Credit, the Commitments and this Agreement,
(iii) (A) such Lender is an investment fund managed by a “Qualified Professional Asset Manager” (within the meaning of Part VI of PTE 84-14), (B) such Qualified Professional Asset Manager made the investment decision on behalf of such Lender to enter into, participate in, administer and perform the Loans, the Letters of Credit, the Commitments and this Agreement, (C) the entrance into, participation in, administration of and performance of the Loans, the Letters of Credit, the Commitments and this Agreement satisfies the requirements of sub-sections (b) through (g) of Part I of PTE 84-14 and (D) to the best knowledge of such Lender, the requirements of subsection (a) of Part I of PTE 84-14 are satisfied with respect to such Lender’s entrance into, participation in, administration of and performance of the Loans, the Letters of Credit, the Commitments and this Agreement, or
(iv) such other representation, warranty and covenant as may be agreed in writing between the Administrative Agent, in its sole discretion, and such Lender.
(b) In addition, unless sub-clause (i) in the immediately preceding clause (a) is true with respect to a Lender or such Lender has not provided another representation, warranty and covenant as provided in sub-clause (iv) in the immediately preceding clause (a), such Lender further (x) represents and warrants, as of the date such Person became a Lender party hereto, to, and (y) covenants, from the date such Person became a Lender party hereto to the date such Person ceases being a Lender party hereto, for the benefit of, the Administrative Agent and its Affiliates, and not, for the avoidance of doubt, to or for the benefit of the Borrowers or any other Loan Party, that none of the Administrative Agent or any of its Affiliates is a fiduciary with respect to the Collateral or the assets of such Lender (including in connection with the reservation or exercise of any rights by the Administrative Agent under this Agreement, any Loan Document or any documents related to hereto or thereto).
Neither the Administrative Agent nor any of its Agent Parties shall be responsible or have any liability for, or have any duty to ascertain, inquire into, monitor or enforce, compliance with the provisions of this Agreement relating to Disqualified Institutions. Without limiting the generality of the foregoing, the Administrative Agent shall not (i) be obligated to ascertain, monitor or inquire as to whether any Lender or prospective Lender is a Disqualified Institution or (ii) have any liability with respect to or arising out of any assignment or participation of Loans, or disclosure of confidential information, to any Disqualified Institution.
Without limitation of any other provision in this Agreement, if at any time the Administrative Agent makes a payment hereunder in error to any Lender Recipient Party, whether or not in respect of an Obligation due and owing by any Borrower at such time, where such payment is a Rescindable Amount, then in any such event, each Lender Recipient Party receiving a Rescindable Amount severally agrees to repay to the Administrative Agent forthwith on demand the Rescindable Amount received by such Lender Recipient Party in Same Day Funds in the currency so received, with interest thereon, for each day from and including the date such Rescindable Amount is received by it to but excluding the date of payment to the Administrative Agent, at the greater of the Federal Funds Effective Rate and a rate determined by the Administrative Agent in accordance with banking industry rules on interbank compensation. Each Lender Recipient Party irrevocably waives any and all defenses, including any “discharge for value” (under which a creditor might otherwise claim a right to retain funds mistakenly paid by a third party in respect of a debt owed by another) or similar defense to its obligation to return any Rescindable Amount. The Administrative Agent shall inform each Lender Recipient Party promptly upon determining that any payment made to such Lender Recipient Party comprised, in whole or in part, a Rescindable Amount.
ARTICLE IX
Miscellaneous
9.01 Notices. (a) Except in the case of notices and other communications expressly permitted to be given by telephone (and subject to paragraph (b) below), all notices and other communications provided for herein shall be in writing and shall be delivered by hand or overnight courier service, mailed by certified or registered mail or sent by telecopy or email in accordance with this Section 9.01, as follows:
(i) if to any Borrower, to it at Willis Tower – Suite 4900, 233 South Wacker Drive, Chicago, Illinois 60606, Attention of the Treasurer, Email address: ytupe@heidrick.com and sbondi@heidrick.com, with copies (in the case of a notice of Default) to the Attention of General Counsel, Email address: theaton@heidrick.com and to Paul Hastings LLP, 1 S. Wacker Drive, Forty-Fifth Floor, Chicago, IL 60606, Attention to Holly Snow, Email: hollysnow@paulhastings.com;
(ii) if to the Administrative Agent, (A) Bank of America, N.A., Attention: Taelitha Bonds-Harris, 4500 Amon Carter Blvd, Fort Worth, TX 76155, TX2-979-02-22, Telephone: (214) 209-3408, Email address: taelitha.m.harris@bofa.com, (B), Bank of America, N.A., Attention: Jennifer Ollek, 7105 Corporate Dr, Plano, TX 75024, TX2-981-02-29, Telephone: (469) 201-8863, Email address: jennifer.a.ollek@bofa.com; (C) in each case, with a copy to (which shall not constitute notice) Sidley Austin LLP, One South Dearborn St., Chicago, Illinois 60603, Attention of James A. Snyder, Telecopy No. (312) 853-7036, Email address: james.snyder@sidley.com;
(iii) if to Bank of America, N.A. in its capacity as an Issuing Bank, to it at Bank of America, N.A., Attention: Jennifer Ollek, 7105 Corporate Dr, Plano, TX 75024, TX2-981-02-29, Telephone: (469) 201-8863, Email address: jennifer.a.ollek@bofa.com;
(iv) if to the Swingline Lender, to Bank of America, N.A., Attention: Jennifer Ollek, 7105 Corporate Dr, Plano, TX 75024, TX2-981-02-29, Telephone: (469) 201-8863, Email address: jennifer.a.ollek@bofa.com; and
(v) if to any other Lender or Issuing Bank, to it at its address (or telecopy number or e-mail address) set forth in its Administrative Questionnaire.
Notices sent by hand or overnight courier service, or mailed by certified or registered mail, shall be deemed to have been given when received; notices sent by telecopy shall be deemed to have been given when sent (except that, if not given during normal business hours for the recipient, shall be deemed to have been given at the opening of business on the next business day for the recipient). Notices delivered through Electronic Systems, to the extent provided in paragraph (b) below, shall be effective as provided in said paragraph (b).
(b) Notices and other communications to the Lenders and the Issuing Banks hereunder may be delivered or furnished by using Electronic Systems pursuant to procedures approved by the Administrative Agent; provided that the foregoing shall not apply to notices pursuant to Article II unless otherwise agreed by the Administrative Agent and the applicable Lender. The Administrative Agent or the Company may, in its discretion, agree to accept notices and other communications to it hereunder by electronic communications pursuant to procedures approved by it; provided that approval of such procedures may be limited to particular notices or communications.
Unless the Administrative Agent otherwise prescribes, (i) notices and other communications sent to an e-mail address shall be deemed to have been received upon the sender’s receipt of an acknowledgement from the intended recipient (such as by the “return receipt requested” function, as available, return e-mail or other written acknowledgement), and
(ii) notices or communications posted to an Internet or intranet website shall be deemed to have been received upon the deemed receipt by the intended recipient, at its e-mail address as described in the foregoing clause (i), of notification that such notice or communication is available and identifying the website address therefor; provided that, for both clauses (i) and (ii) above, if such notice, email or other communication is not sent during the normal business hours of the recipient, such notice or communication shall be deemed to have been sent at the opening of business on the next business day for the recipient; and provided, however, that for clause (i) above, such email notice shall not be considered to have been given if the sender receives a rejection or bounceback notice.
(c) Any party hereto may change its address, email address or telecopy number for notices and other communications hereunder by notice to the other parties hereto.
(d) Electronic Systems.
(i) The Company agrees that the Administrative Agent may, but shall not be obligated to, make Communications available to the Issuing Banks and the other Lenders by posting the Communications on Debt Domain, Intralinks, Syndtrak, ClearPar or a substantially similar Electronic System.
(ii) Any Electronic System used by the Administrative Agent is provided “as is” and “as available.” The Agent Parties (as defined below) do not warrant the adequacy of such Electronic Systems and expressly disclaim liability for errors or omissions in the Communications. No warranty of any kind, express, implied or statutory, including any warranty of merchantability, fitness for a particular purpose, non-infringement of third-party rights or freedom from viruses or other code defects, is made by any Agent Party in connection with the Communications or any Electronic System. In no event shall the Administrative Agent or any of its Related Parties (collectively, the “Agent Parties”) have any liability to any Loan Party, any Lender, any Issuing Bank or any other Person or entity for damages of any kind, including direct or indirect, special, incidental or consequential damages, losses or expenses (whether in tort, contract or otherwise) arising out of any Loan Party’s or the Administrative Agent’s transmission of Communications through an Electronic System unless such damages are found in a final, non-appealable judgment by a court of competent jurisdiction to have resulted from such Agent Party’s gross negligence or willful misconduct.
9.02 Waivers; Amendments.
(a) No failure or delay by the Administrative Agent, the Swingline Lender, any Issuing Bank or any Lender in exercising any right or power hereunder or under any other Loan Document shall operate as a waiver thereof, nor shall any single or partial exercise of any such right or power, or any abandonment or discontinuance of steps to enforce such a right or power, preclude any other or further exercise thereof or the exercise of any other right or power. The rights and remedies of the Administrative Agent, the Swingline Lender, the Issuing Banks and the Lenders hereunder and under the other Loan Documents are cumulative and are not exclusive of any rights or remedies that they would otherwise have. No waiver of any provision of this Agreement or consent to any departure by any Borrower therefrom shall in any event be
effective unless the same shall be permitted by paragraph (b) of this Section, and then such waiver or consent shall be effective only in the specific instance and for the purpose for which given. Without limiting the generality of the foregoing, the making of a Loan or issuance of a Letter of Credit shall not be construed as a waiver of any Default, regardless of whether the Administrative Agent, any Lender, the Swingline Lender or any Issuing Bank may have had notice or knowledge of such Default at the time.
(b) Neither this Agreement nor any provision hereof may be waived, amended or modified except pursuant to an agreement or agreements in writing entered into by the Borrowers and the Required Lenders or by the Borrowers and the Administrative Agent with the consent of the Required Lenders; provided that no such agreement shall:
(i) increase the Commitment of any Lender without the written consent of such Lender,
(ii) reduce the principal amount of any Loan or LC Disbursement or reduce the rate of interest thereon, or reduce any fees payable hereunder, without the written consent of each Lender directly affected thereby (except that any amendment or modification of the financial covenants in this Agreement (or defined terms used in the financial covenants in this Agreement) shall not constitute a reduction in the rate of interest or fees for purposes of this clause (ii)),
(iii) postpone the scheduled date of payment of the principal amount of any Loan or LC Disbursement, or any interest thereon, or any fees payable hereunder, or reduce the amount of, waive or excuse any such payment, or postpone the scheduled date of expiration of any Commitment, without the written consent of each Lender directly affected thereby,
(iv) change Section 2.18(b) or (c) in a manner that would alter the pro rata sharing of payments required thereby, without the written consent of each Lender,
(v) change any of the provisions of this Section or the definition of “Required Lenders” or any other provision hereof specifying the number or percentage of Lenders required to waive, amend or modify any rights hereunder or make any determination or grant any consent hereunder, without the written consent of each Lender; provided further that no such agreement shall amend, modify or otherwise affect the rights or duties of the Administrative Agent, the Swingline Lender or any Issuing Bank hereunder without the prior written consent of the Administrative Agent, the Swingline Lender or such Issuing Bank, as the case may be (it being understood that any change to Section 2.24 shall require the consent of the Administrative Agent, the Swingline Lender and the Issuing Banks),
(vi) other than pursuant to a transaction permitted by the terms of this Agreement or any other Loan Document (including actions by the Company as part of its tax planning which cause a Subsidiary Guarantor to become an Affected Foreign Subsidiary, to the extent such actions are expressly permitted by the Loan Documents), release all or substantially all of (A) the Collateral which is subject to the Loan Documents or (B) the Subsidiary Guarantors from their obligations under the Subsidiary Guaranty,
(vii) release the Company from its obligations under Article X; or
(viii) change the definition of “Agreed Currencies”, “Agreed LC Currencies”, “Agreed Loan Currencies” or “Eligible Foreign Subsidiary”.
Notwithstanding the foregoing, no consent with respect to any amendment, waiver or other modification of this Agreement shall be required of any Defaulting Lender, except with respect to any amendment, waiver or other modification referred to in clause (i), (ii) or (iii) of the first proviso of this paragraph and then only in the event such Defaulting Lender shall be directly affected by such amendment, waiver or other modification.
(c) Notwithstanding the foregoing, this Agreement and any other Loan Document may be amended (or amended and restated) with the written consent of the Required Lenders, the Administrative Agent and the Borrowers (x) to add one or more credit facilities to this Agreement and to permit extensions of credit from time to time outstanding thereunder and the accrued interest and fees in respect thereof to share ratably in the benefits of this Agreement and the other Loan Documents with the Loans and the accrued interest and fees in respect thereof and (y) to include appropriately the Lenders holding such credit facilities in any determination of the Required Lenders and Lenders.
(d) The Lenders hereby irrevocably authorize the Administrative Agent, at its option and in its sole discretion, to release any Liens granted to the Administrative Agent by the Loan Parties on any Collateral (i) upon the termination of all the Commitments, payment and satisfaction in full in cash of all Obligations, (ii) constituting property being sold or disposed of if the Company certifies to the Administrative Agent that the sale or disposition is made in compliance with the terms of this Agreement (and the Administrative Agent may rely conclusively on any such certificate, without further inquiry), or (iii) as required to effect any sale or other disposition of such Collateral in connection with any exercise of remedies of the Administrative Agent and the Lenders pursuant to Article VII. Any such release shall not in any manner discharge, affect, or impair the Obligations or any Liens (other than those expressly being released) upon (or obligations of the Loan Parties in respect of) all interests retained by the Loan Parties, including the proceeds of any sale, all of which shall continue to constitute part of the Collateral.
(e) If, in connection with any proposed amendment, waiver or consent requiring the consent of “each Lender” or “each Lender directly affected thereby,” the consent of the Required Lenders is obtained, but the consent of other necessary Lenders is not obtained (any such Lender whose consent is necessary but not obtained being referred to herein as a “Non-Consenting Lender”), then the Company may elect to replace a Non-Consenting Lender as a Lender party to this Agreement, provided that, concurrently with such replacement, (i) another bank or other entity which is reasonably satisfactory to the Company and the Administrative Agent shall agree, as of such date, to purchase for cash the Loans and other Obligations due to the Non-Consenting Lender pursuant to an Assignment and Assumption and to become a Lender for all purposes under this Agreement and to assume all obligations of the Non-Consenting Lender to be terminated as of such date and to comply with the requirements of clause (b) of Section 9.04, and (ii) each Borrower shall pay to such Non-Consenting Lender in same day funds on the day of such replacement (1) all interest, fees and other amounts then accrued but unpaid to such Non-Consenting Lender by such Borrower hereunder to and including the date of
termination, including without limitation payments due to such Non-Consenting Lender under Sections 2.15 and 2.17, and (2) an amount, if any, equal to the payment which would have been due to such Lender on the day of such replacement under Section 2.16 had the Loans of such Non-Consenting Lender been prepaid on such date rather than sold to the replacement Lender.
(f) Notwithstanding anything to the contrary herein the Administrative Agent may, with the consent of the Borrowers only, amend, modify or supplement this Agreement or any of the other Loan Documents to cure any ambiguity, omission, mistake, defect or inconsistency.
Notwithstanding anything herein to the contrary, as to any amendment, amendment and restatement or other modification otherwise approved in accordance with this Section, it shall not be necessary to obtain the consent or approval of any Lender that, upon giving effect to such amendment, amendment and restatement or other modification, would have no Commitment or outstanding Loans so long as such Lender receives payment in full of the principal of and interest accrued on each Loan made by, and all other amounts owing to, such Lender or accrued for the account of such Lender under this Agreement and the other Loan Documents at the time such amendment, amendment and restatement or other modification becomes effective.
9.03 Expenses; Indemnity; Damage Waiver.
(a) The Company shall pay (i) all reasonable and documented out-of-pocket expenses incurred by the Administrative Agent and its Affiliates, including the reasonable fees, charges and disbursements of one U.S. counsel and one local counsel in each applicable foreign jurisdiction for the Administrative Agent, in connection with the syndication and distribution (including, without limitation, via the internet or through a service such as Intralinks or Syndtrak) of the credit facilities provided for herein, the preparation and administration of this Agreement and the other Loan Documents or any amendments, modifications or waivers of the provisions hereof or thereof (whether or not the transactions contemplated hereby or thereby shall be consummated), (ii) all reasonable and documented out-of-pocket expenses incurred by the Issuing Banks in connection with the issuance, amendment, renewal or extension of any Letter of Credit or any demand for payment thereunder and (iii) all reasonable and documented out-of-pocket expenses incurred by the Administrative Agent, any Issuing Bank or any Lender, including the reasonable fees, charges and disbursements of any counsel for the Administrative Agent, any Issuing Bank or any Lender, (x) in connection with the enforcement or protection of its rights in connection with this Agreement and any other Loan Document, including its rights under this Section, or (y) in connection with the Loans made or Letters of Credit issued hereunder, including all such out-of-pocket expenses incurred during any workout, restructuring or negotiations in respect of such Loans or Letters of Credit.
(b) The Company shall indemnify the Administrative Agent, each Issuing Bank and each Lender, each arranger and each Related Party of any of the foregoing Persons (each such Person being called an “Indemnitee”) against, and hold each Indemnitee harmless from, any and all losses, claims, damages, liabilities and related expenses, including the fees, charges and disbursements of any counsel for any Indemnitee, incurred by or asserted against any Indemnitee arising out of, in connection with, or as a result of (i) the execution or delivery of
any Loan Document or any agreement or instrument contemplated thereby, the performance by the parties hereto of their respective obligations thereunder or the consummation of the Transactions or any other transactions contemplated hereby, (ii) any Loan or Letter of Credit or the use of the proceeds therefrom (including any refusal by any Issuing Bank to honor a demand for payment under a Letter of Credit if the documents presented in connection with such demand do not strictly comply with the terms of such Letter of Credit), (iii) any actual or alleged presence or release of Hazardous Materials on or from any property owned or operated by the Company or any of its Subsidiaries, or any Environmental Liability related in any way to the Company or any of its Subsidiaries, or (iv) any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory, whether brought by a third party or by the Company or any of its Subsidiaries, and regardless of whether any Indemnitee is a party thereto; provided that such indemnity shall not, as to any Indemnitee, be available to the extent that such losses, claims, damages, liabilities or related expenses (i) are determined by a court of competent jurisdiction by final and nonappealable judgment to have resulted from the gross negligence or willful misconduct of such Indemnitee or (ii) arise out of or result from claims of one or more Indemnitees against another Indemnitee and not involving any act or omission by the Company, its Subsidiaries or Affiliates, or any of the foregoing’s officers, directors or employees (other than any claim against an Indemnitee solely in its capacity as an arranger, Administrative Agent or similar role in connection with the Loan Documents or any related transactions contemplated hereby or intended use of the proceeds from any Credit Event). This Section 9.03(b) shall not apply with respect to Taxes other than any Taxes that represent losses, claims or damages arising from any non-Tax claim.
(c) To the extent that the Company fails to pay any amount required to be paid by it to the Administrative Agent, the Swingline Lender, any arranger or any Issuing Bank under paragraph (a) or (b) of this Section, each Lender severally agrees to pay to the Administrative Agent, and each Lender severally agrees to pay to the Swingline Lender or such Issuing Bank, as the case may be, such Lender’s Applicable Percentage (determined as of the time that the applicable unreimbursed expense or indemnity payment is sought) of such unpaid amount (it being understood that the Company’s failure to pay any such amount shall not relieve the Company of any default in the payment thereof); provided that the unreimbursed expense or indemnified loss, claim, damage, liability or related expense, as the case may be, was incurred by or asserted against the Administrative Agent or such Issuing Bank in its capacity as such.
(d) To the extent permitted by applicable law, (i) no Borrower shall assert, and each Borrower hereby waives, any claim against any Indemnitee for any damages arising from the use by others of information or other materials obtained through telecommunications, electronic or other information transmission systems (including the Internet), unless such damages are found in a final, non-appealable judgment by a court of competent jurisdiction to have resulted from such Indemnitee’s gross negligence or willful misconduct, and (ii) no party hereto shall assert, and each party hereby waives, any claim against any other party hereto on any theory of liability, for special, indirect, consequential or punitive damages (as opposed to direct or actual damages) arising out of, in connection with, or as a result of, this Agreement, any other
Loan Document or any agreement or instrument contemplated hereby or thereby, the Transactions, any Loan or Letter of Credit or the use of the proceeds thereof.
(e) All amounts due under this Section shall be payable promptly not later than fifteen days after written demand therefor.
9.04 Successors and Assigns.
(c) The provisions of this Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors and assigns permitted hereby (including any Affiliate of any Issuing Bank that issues any Letter of Credit), except that (i) no Borrower may assign or otherwise transfer any of its rights or obligations hereunder without the prior written consent of each Lender (and any attempted assignment or transfer by any Borrower without such consent shall be null and void) and (ii) no Lender may assign or otherwise transfer its rights or obligations hereunder except in accordance with this Section. Nothing in this Agreement, expressed or implied, shall be construed to confer upon any Person (other than the parties hereto, their respective successors and assigns permitted hereby (including any Affiliate of any Issuing Bank that issues any Letter of Credit), Participants (to the extent provided in paragraph (c) of this Section) and, to the extent expressly contemplated hereby, the Related Parties of each of the Administrative Agent, the Issuing Banks and the Lenders) any legal or equitable right, remedy or claim under or by reason of this Agreement.
(d) (i) Subject to the conditions set forth in paragraph (b)(ii) below, any Lender may assign to one or more Persons (other than an Ineligible Institution) all or a portion of its rights and obligations under this Agreement (including all or a portion of its Commitments and the Loans at the time owing to it) with the prior written consent (such consent not to be unreasonably withheld) of:
(A) the Company (provided that the Company shall be deemed to have consented to any such assignment unless it shall object thereto by written notice to the Administrative Agent within ten (10) Business Days after having received notice thereof); provided, further, that no consent of the Company shall be required for an assignment to a Lender, an Affiliate of a Lender, an Approved Fund or, if an Event of Default under clause (a), (b), (h) or (i) of Article VII has occurred and is continuing, any other assignee;
(B) the Administrative Agent;
(C) the Swingline Lender; and
(D) the Issuing Banks;
Assignments shall be subject to the following additional conditions:
(A) except in the case of an assignment to a Lender or an Affiliate of a Lender or an Approved Fund or an assignment of the entire remaining amount of the assigning Lender’s Commitment or Loans, the amount of the Commitment or Loans of the assigning Lender subject to each such assignment (determined as of the date the Assignment and Assumption with respect
to such assignment is delivered to the Administrative Agent) shall not be less than $5,000,000 unless each of the Company and the Administrative Agent otherwise consent, provided that no such consent of the Company shall be required if an Event of Default under clause (a), (b), (h) or (i) of Article VII has occurred and is continuing;
(B) each partial assignment shall be made as an assignment of a proportionate part of all the assigning Lender’s rights and obligations under this Agreement, provided that this clause shall not be construed to prohibit the assignment of a proportionate part of all the assigning Lender’s rights and obligations in respect of Commitments or Loans;
(C) the parties to each assignment shall execute and deliver to the Administrative Agent (x) an Assignment and Assumption or (y) to the extent applicable, an agreement incorporating an Assignment and Assumption by reference pursuant to a Platform as to which the Administrative Agent and the parties to the Assignment and Assumption are participants, together with a processing and recordation fee of $3,500, such fee to be paid by either the assigning Lender or the assignee Lender or shared between such Lenders;
(D) the assignee, if it shall not be a Lender, shall deliver to the Administrative Agent an Administrative Questionnaire in which the assignee designates one or more credit contacts to whom all syndicate-level information (which may contain material non-public information about the Company and its affiliates and their Related Parties or their respective securities) will be made available and who may receive such information in accordance with the assignee’s compliance procedures and applicable laws, including Federal and state securities laws; and
(E) any assignment or transfer to or assumption by any Person of all or a portion of a Lender’s rights and obligations under this Agreement (including all or a portion of its Commitments or Loans) with respect to a Dutch Borrower shall only be permitted if such Person is a Dutch Non-Public Lender.
For the purposes of this Section 9.04(b), the terms “Approved Fund” and “Ineligible Institution” have the following meanings:
“Approved Fund” means any Person (other than a natural person) that is engaged in making, purchasing, holding or investing in bank loans and similar extensions of credit in the ordinary course of its business and that is administered or managed by (a) a Lender, (b) an Affiliate of a Lender or (c) an entity or an Affiliate of an entity that administers or manages a Lender.
“Ineligible Institution” means (a) a natural person, (b) a Defaulting Lender or its Lender Parent, (c) the Company, any of its Subsidiaries or any of its Affiliates, (d) a Disqualified Institution or (e) a company, investment vehicle or trust for, or owned and operated for the primary benefit of, a natural person or relative(s) thereof.
(i) Subject to acceptance and recording thereof pursuant to paragraph (b)(iv) of this Section, from and after the effective date specified in each Assignment and Assumption the assignee thereunder shall be a party hereto and, to the extent of the interest assigned by such Assignment
and Assumption, have the rights and obligations of a Lender under this Agreement, and the assigning Lender thereunder shall, to the extent of the interest assigned by such Assignment and Assumption, be released from its obligations under this Agreement (and, in the case of an Assignment and Assumption covering all of the assigning Lender’s rights and obligations under this Agreement, such Lender shall cease to be a party hereto but shall continue to be entitled to the benefits of Sections 2.15, 2.16, 2.17 and 9.03). Any assignment or transfer by a Lender of rights or obligations under this Agreement that does not comply with this Section 9.04 shall be treated for purposes of this Agreement as a sale by such Lender of a participation in such rights and obligations in accordance with paragraph (c) of this Section.
(ii) The Administrative Agent, acting for this purpose as a non-fiduciary agent of each Borrower, shall maintain at one of its offices a copy of each Assignment and Assumption delivered to it and a register for the recordation of the names and addresses of the Lenders, and the Commitment of, and principal amount (and stated interest) of the Loans and LC Disbursements owing to, each Lender pursuant to the terms hereof from time to time (the “Register”). The entries in the Register shall be conclusive, and the Borrowers, the Administrative Agent, the Issuing Banks and the Lenders shall treat each Person whose name is recorded in the Register pursuant to the terms hereof as a Lender hereunder for all purposes of this Agreement, notwithstanding notice to the contrary. The Register shall be available for inspection by the Company, any Issuing Bank and any Lender, at any reasonable time and from time to time upon reasonable prior notice. This Section 9.04(b) shall be construed so that the Loans or other obligations under the Loan Documents are at all times maintained in “registered form” within the meaning of Sections 163(f), 165(j), 871(h)(2), 881(c)(2) and 4701 of the Code and within the meaning of Sections 5f.103-1(c) and 1.871-14(c) of the United States Treasury Regulations.
(iii) Upon its receipt of (x) a duly completed Assignment and Assumption executed by an assigning Lender and an assignee or (y) to the extent applicable, an agreement incorporating an Assignment and Assumption by reference pursuant to a Platform as to which the Administrative Agent and the parties to the Assignment and Assumption are participants, the assignee’s completed Administrative Questionnaire (unless the assignee shall already be a Lender hereunder), the processing and recordation fee referred to in paragraph (b) of this Section and any written consent to such assignment required by paragraph (b) of this Section, the Administrative Agent shall accept such Assignment and Assumption and record the information contained therein in the Register; provided that if either the assigning Lender or the assignee shall have failed to make any payment required to be made by it pursuant to Section 2.05(c), 2.06(d) or (e) or 2.07(b), 2.18(d) or 9.03(c), the Administrative Agent shall have no obligation to accept such Assignment and Assumption and record the information therein in the Register unless and until such payment shall have been made in full, together with all accrued interest thereon. No assignment shall be effective for purposes of this Agreement unless it has been recorded in the Register as provided in this paragraph.
(c) (i) Any Lender may, without the consent of any Borrower, the Administrative Agent, the Swingline Lender or the Issuing Banks, sell participations to one or more banks or other entities (a “Participant”), other than an Ineligible Institution, in all or a portion of such Lender’s rights and obligations under this Agreement (including all or a portion
of its Commitment and the Loans owing to it); provided that (A) such Lender’s obligations under this Agreement shall remain unchanged, (B) such Lender shall remain solely responsible to the other parties hereto for the performance of such obligations (C) the Borrowers, the Administrative Agent, the Issuing Banks and the other Lenders shall continue to deal solely and directly with such Lender in connection with such Lender’s rights and obligations under this Agreement and (D) the Borrowers shall have no obligation to directly or indirectly deal with the Participant. Any agreement or instrument pursuant to which a Lender sells such a participation shall provide that such Lender shall retain the sole right to enforce this Agreement and to approve any amendment, modification or waiver of any provision of this Agreement; provided that such agreement or instrument may provide that such Lender will not, without the consent of the Participant, agree to any amendment, modification or waiver described in the first proviso to Section 9.02(b) that affects such Participant. Each Borrower agrees that each Participant shall be entitled to the benefits of Sections 2.15, 2.16 and 2.17 (subject to the requirements and limitations therein, including the requirements under Section 2.17(f) (it being understood that the documentation required under Section 2.17(f) shall be delivered to the participating Lender)) to the same extent as if it were a Lender and had acquired its interest by assignment pursuant to paragraph (b) of this Section; provided that such Participant (A) agrees to be subject to the provisions of Sections 2.18 and 2.19 as if it were an assignee under paragraph (b) of this Section; and (B) shall not be entitled to receive any greater payment under Sections 2.15 or 2.17, with respect to any participation, than its participating Lender would have been entitled to receive, except to the extent such entitlement to receive a greater payment results from a Change in Law that occurs after the Participant acquired the applicable participation. To the extent permitted by law, each Participant also shall be entitled to the benefits of Section 9.08 as though it were a Lender, provided such Participant agrees to be subject to Section 2.18(d) as though it were a Lender. Each Lender that sells a participation shall, acting solely for this purpose as a non-fiduciary agent of the Borrowers, maintain a register on which it enters the name and address of each Participant and the principal amounts (and stated interest) of each Participant’s interest in the Loans or other obligations under the Loan Documents (the “Participant Register”); provided that no Lender shall have any obligation to disclose all or any portion of the Participant Register (including the identity of any Participant or any information relating to a Participant’s interest in any Commitments, Loans, Letters of Credit or its other obligations under any Loan Document) to any Person except to the extent that such disclosure is necessary to establish that such Commitment, Loan, Letter of Credit or other obligation is in registered form under Section 5f.103-1(c) of the United States Treasury Regulations. The entries in the Participant Register shall be conclusive absent manifest error, and such Lender shall treat each Person whose name is recorded in the Participant Register as the owner of such participation for all purposes of this Agreement notwithstanding any notice to the contrary. For the avoidance of doubt, the Administrative Agent (in its capacity as Administrative Agent) shall have no responsibility for maintaining a Participant Register. This Section 9.05(c) shall be construed so that the Participations or other obligations under the Loan Documents are at all times maintained in “registered form” within the meaning of Sections 163(f), 165(j), 871(h)(2), 881(c)(2) and 4701 of the Code and within the meaning of Sections 5f.103-1(c) and 1.871-14(c) of the United States Treasury Regulations.
(d) Any Lender may at any time pledge or assign a security interest in all or any portion of its rights under this Agreement to secure obligations of such Lender, including without limitation any pledge or assignment to secure obligations to a Federal Reserve Bank, and this Section shall not apply to any such pledge or assignment of a security interest; provided that no such pledge or assignment of a security interest shall release a Lender from any of its obligations hereunder or substitute any such pledgee or assignee for such Lender as a party hereto.
(e) Disqualified Institutions.
(i) No assignment shall be made to any Person that was a Disqualified Institution as of the date (the “Trade Date”) on which the applicable Lender entered into a binding agreement to sell and assign all or a portion of its rights and obligations under this Agreement to such Person (unless the Company has consented to such assignment as otherwise contemplated by this Section 9.04, in which case such Person will not be considered a Disqualified Institution for the purpose of such assignment). Any assignment in violation of this clause (e)(i) shall not be void, but the other provisions of this clause (e) shall apply.
(ii) If any assignment is made to any Disqualified Institution without the Company’s prior consent in violation of clause (i) above, the Company may, at its sole expense and effort, upon notice to the applicable Disqualified Institution and the Administrative Agent, (A) terminate any Commitment of such Disqualified Institution and repay all obligations of the Borrowers owing to such Disqualified Institution in connection with such Commitment, and/or (B) require such Disqualified Institution to assign and delegate, without recourse (in accordance with and subject to the restrictions contained in this Section 9.04), all of its interest, rights and obligations under this Agreement and related Loan Documents to an Eligible Assignee that shall assume such obligations at the lesser of (x) the principal amount thereof and (y) the amount that such Disqualified Institution paid to acquire such interests, rights and obligations, in each case plus accrued interest, accrued fees and all other amounts (other than principal amounts) payable to it hereunder and other the other Loan Documents; provided that (i) the Borrowers shall have paid to the Administrative Agent the assignment fee (if any) specified in 9.04(b)(ii)(C) and (ii) such assignment does not conflict with applicable laws.
(iii) Notwithstanding anything to the contrary contained in this Agreement, Disqualified Institutions (A) will not (x) have the right to receive information, reports or other materials provided to Lenders by the Borrowers, the Administrative Agent or any other Lender, (y) attend or participate in meetings attended by the Lenders and the Administrative Agent, or (z) access any electronic site established for the Lenders or confidential communications from counsel to or financial advisors of the Administrative Agent or the Lenders and (B) (x) for purposes of any consent to any amendment, waiver or modification of, or any action under, and for the purpose of any direction to the Administrative Agent or any Lender to undertake any action (or refrain from taking any action) under this Agreement or any other Loan Document, each Disqualified Institution will be deemed to have consented in the same proportion as the Lenders that are not Disqualified Institutions consented to such matter, and (y) for purposes of voting on any plan of reorganization or plan of liquidation pursuant to insolvency or bankruptcy proceed (“Plan of Reorganization”), each Disqualified Institution party hereto hereby agrees (1) not to vote on such
Plan of Reorganization, (2) if such Disqualified Institution does vote on such Plan of Reorganization notwithstanding the restriction in the foregoing clause (1), such vote will be deemed not to be in good faith and shall be “designated” pursuant to Section 1126(e) of the Bankruptcy Code (or any similar provision in any other any Federal, state or foreign bankruptcy, insolvency, receivership or similar law now or hereafter in effect), and such vote shall not be counted in determining whether the applicable class has accepted or rejected such Plan of Reorganization in accordance with Section 1126(c) of the Bankruptcy Code (or any similar provision in any other any Federal, state or foreign bankruptcy, insolvency, receivership or similar law now or hereafter in effect) and (3) not to contest any request by any party for a determination by the Bankruptcy Court (or other applicable court of competent jurisdiction) effectuating the foregoing clause (2).
(iv) The Administrative Agent shall have the right, and the Company hereby expressly authorizes the Administrative Agent, to (A) post the list of Disqualified Institutions provided by the Company (collectively, the “DQ List”) on the Platform, including that portion of the Platform that is designated for “public side” Lenders or (B) provide the DQ List to each Lender requesting the same.
9.05 Survival. All covenants, agreements, representations and warranties made by the Loan Parties in the Loan Documents and in the certificates or other instruments delivered in connection with or pursuant to this Agreement or any other Loan Document shall be considered to have been relied upon by the other parties hereto and shall survive the execution and delivery of the Loan Documents and the making of any Loans and issuance of any Letters of Credit, regardless of any investigation made by any such other party or on its behalf and notwithstanding that the Administrative Agent, any Issuing Bank or any Lender may have had notice or knowledge of any Default or incorrect representation or warranty at the time any credit is extended hereunder, and shall continue in full force and effect as long as the principal of or any accrued interest on any Loan or any fee or any other amount payable under this Agreement or any other Loan Document is outstanding and unpaid or any Letter of Credit is outstanding and so long as the Commitments have not expired or terminated. The provisions of Sections 2.15, 2.16, 2.17 and 9.03 and Article VIII shall survive and remain in full force and effect regardless of the consummation of the transactions contemplated hereby, the repayment of the Loans, the expiration or termination of the Letters of Credit and the Commitments or the termination of this Agreement or any other Loan Document or any provision hereof or thereof.
9.06 Counterparts; Integration; Effectiveness. This Agreement, the other Loan Documents and any separate letter agreements with respect to fees payable to the Administrative Agent constitute the entire contract among the parties relating to the subject matter hereof and supersede any and all previous agreements and understandings, oral or written, relating to the subject matter hereof.
9.07 Severability. Any provision of any Loan Document held to be invalid, illegal or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such invalidity, illegality or unenforceability without affecting the validity, legality and enforceability of the remaining provisions thereof; and the invalidity of a particular provision in a particular jurisdiction shall not invalidate such provision in any other jurisdiction.
9.08 Right of Setoff. If an Event of Default shall have occurred and be continuing, each Lender and each of its Affiliates is hereby authorized at any time and from time to time, to the fullest extent permitted by law, to set off and apply any and all deposits (general or special, time or demand, provisional or final and in whatever currency denominated) at any time held and other obligations at any time owing by such Lender or Affiliate to or for the credit or the account of any Borrower or any Subsidiary Guarantor against any of and all of the Secured Obligations held by such Lender, irrespective of whether or not such Lender shall have made any demand under the Loan Documents and although such obligations may be unmatured. The rights of each Lender under this Section are in addition to other rights and remedies (including other rights of setoff) which such Lender may have.
9.09 Governing Law; Jurisdiction; Consent to Service of Process.
(a) This Agreement shall be construed in accordance with and governed by the law of the State of New York.
(b) Each Borrower hereby irrevocably and unconditionally submits, for itself and its property, to the nonexclusive jurisdiction of the Supreme Court of the State of New York sitting in New York County, Borough of Manhattan and of the United States District Court for the Southern District of New York, and any appellate court from any thereof, in any action or proceeding arising out of or relating to any Loan Document, or for recognition or enforcement of any judgment, and each of the parties hereto hereby irrevocably and unconditionally agrees that all claims in respect of any such action or proceeding may be heard and determined in such New York State or, to the extent permitted by law, in such Federal court. Each of the parties hereto agrees that a final judgment in any such action or proceeding shall be conclusive and may be enforced in other jurisdictions by suit on the judgment or in any other manner provided by law. Nothing in this Agreement or any other Loan Document shall affect any right that the Administrative Agent, any Issuing Bank or any Lender may otherwise have to bring any action or proceeding relating to this Agreement or any other Loan Document against any Loan Party or its properties in the courts of any jurisdiction.
(c) Each Borrower hereby irrevocably and unconditionally waives, to the fullest extent it may legally and effectively do so, any objection which it may now or hereafter have to the laying of venue of any suit, action or proceeding arising out of or relating to this Agreement or any other Loan Document in any court referred to in paragraph (b) of this Section. Each of the parties hereto hereby irrevocably waives, to the fullest extent permitted by law, the defense of an inconvenient forum to the maintenance of such action or proceeding in any such court.
(d) Each party to this Agreement irrevocably consents to service of process in the manner provided for notices in Section 9.01. Each Foreign Subsidiary Borrower irrevocably designates and appoints the Company, as its authorized agent, to accept and acknowledge on its behalf, service of any and all process which may be served in any suit, action or proceeding of the nature referred to in Section 9.09(b) in any federal or New York State court sitting in New York City. The Company hereby represents, warrants and confirms that the Company has agreed to accept such appointment (and any similar appointment by a Subsidiary Guarantor
which is a Foreign Subsidiary). Said designation and appointment shall be irrevocable by each such Foreign Subsidiary Borrower until all Loans, all reimbursement obligations, interest thereon and all other amounts payable by such Foreign Subsidiary Borrower hereunder and under the other Loan Documents shall have been paid in full in accordance with the provisions hereof and thereof and such Foreign Subsidiary Borrower shall have been terminated as a Borrower hereunder pursuant to Section 2.23. Each Foreign Subsidiary Borrower hereby consents to process being served in any suit, action or proceeding of the nature referred to in Section 9.09(b) in any federal or New York State court sitting in New York City by service of process upon the Company as provided in this Section 9.09(d); provided that, to the extent lawful and possible, notice of said service upon such agent shall be mailed by registered or certified air mail, postage prepaid, return receipt requested, to the Company and (if applicable to) such Foreign Subsidiary Borrower at its address set forth in the Borrowing Subsidiary Agreement to which it is a party or to any other address of which such Foreign Subsidiary Borrower shall have given written notice to the Administrative Agent (with a copy thereof to the Company). Each Foreign Subsidiary Borrower irrevocably waives, to the fullest extent permitted by law, all claim of error by reason of any such service in such manner and agrees that such service shall be deemed in every respect effective service of process upon such Foreign Subsidiary Borrower in any such suit, action or proceeding and shall, to the fullest extent permitted by law, be taken and held to be valid and personal service upon and personal delivery to such Foreign Subsidiary Borrower. To the extent any Foreign Subsidiary Borrower has or hereafter may acquire any immunity from jurisdiction of any court or from any legal process (whether from service or notice, attachment prior to judgment, attachment in aid of execution of a judgment, execution or otherwise), each Foreign Subsidiary Borrower hereby irrevocably waives such immunity in respect of its obligations under the Loan Documents. Nothing in this Agreement or any other Loan Document will affect the right of any party to this Agreement to serve process in any other manner permitted by law.
9.10 WAIVER OF JURY TRIAL. EACH PARTY HERETO HEREBY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN ANY LEGAL PROCEEDING DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING TO THIS AGREEMENT, ANY OTHER LOAN DOCUMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY (WHETHER BASED ON CONTRACT, TORT OR ANY OTHER THEORY). EACH PARTY HERETO (A) CERTIFIES THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PARTY HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER AND (B) ACKNOWLEDGES THAT IT AND THE OTHER PARTIES HERETO HAVE BEEN INDUCED TO ENTER INTO THIS AGREEMENT BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION.
9.11 Headings. Article and Section headings and the Table of Contents used herein are for convenience of reference only, are not part of this Agreement and shall not affect the construction of, or be taken into consideration in interpreting, this Agreement.
9.12 Confidentiality. Each of the Administrative Agent, the Issuing Banks and the Lenders agrees to maintain the confidentiality of the Information (as defined below), except that Information may be disclosed (a) to its and its Affiliates’ directors, officers, employees and agents, including accountants, legal counsel and other advisors (it being understood that the Persons to whom such disclosure is made will be informed of the confidential nature of such Information and instructed to keep such Information confidential), (b) to the extent requested by any Governmental Authority (including any self-regulatory authority, such as the National Association of Insurance Commissioners), (c) to the extent required by applicable laws or regulations or by any subpoena or similar legal process, (d) to any other party to this Agreement, (e) in connection with the exercise of any remedies under this Agreement or any other Loan Document or any suit, action or proceeding relating to this Agreement or any other Loan Document or the enforcement of rights hereunder or thereunder, (f) subject to an agreement containing provisions substantially the same as those of this Section, to (1) any assignee of or Participant in, or any prospective assignee of or Participant in, any of its rights or obligations under this Agreement or (2) any actual or prospective counterparty (or its advisors) to any swap or derivative transaction relating to any Borrower and its obligations, (g) on a confidential basis to (1) any rating agency in connection with rating the Company or its Subsidiaries or the credit facilities provided for herein or (2) the CUSIP Service Bureau or any similar agency in connection with the issuance and monitoring of CUSIP numbers with respect to the credit facilities provided for herein, (h) with the consent of the Company or (i) to the extent such Information (1) becomes publicly available other than as a result of a breach of this Section or (2) becomes available to the Administrative Agent, any Issuing Bank or any Lender on a nonconfidential basis from a source other than the Company. For the purposes of this Section, “Information” means all information received from the Company relating to the Company or its business, other than any such information that is available to the Administrative Agent, any Issuing Bank or any Lender on a nonconfidential basis prior to disclosure by the Company and other than information pertaining to this Agreement routinely provided by arrangers to data service providers, including league table providers, that serve the lending industry. Any Person required to maintain the confidentiality of Information as provided in this Section shall be considered to have complied with its obligation to do so if such Person has exercised the same degree of care to maintain the confidentiality of such Information as such Person would accord to its own confidential information.
EACH LENDER ACKNOWLEDGES THAT INFORMATION AS DEFINED IN THE IMMEDIATELY PRECEDING PARAGRAPH FURNISHED TO IT PURSUANT TO THIS AGREEMENT MAY INCLUDE MATERIAL NON-PUBLIC INFORMATION CONCERNING THE COMPANY, THE OTHER LOAN PARTIES AND ITS RELATED PARTIES OR THEIR RESPECTIVE SECURITIES, AND CONFIRMS THAT IT HAS DEVELOPED COMPLIANCE PROCEDURES REGARDING THE USE OF MATERIAL NON-PUBLIC INFORMATION AND THAT IT WILL HANDLE SUCH MATERIAL NON-PUBLIC INFORMATION IN ACCORDANCE WITH THOSE PROCEDURES AND APPLICABLE LAW, INCLUDING FEDERAL AND STATE SECURITIES LAWS.
ALL INFORMATION, INCLUDING REQUESTS FOR WAIVERS AND AMENDMENTS, FURNISHED BY THE COMPANY OR THE ADMINISTRATIVE AGENT PURSUANT TO, OR IN THE COURSE OF ADMINISTERING, THIS AGREEMENT WILL BE SYNDICATE-LEVEL INFORMATION, WHICH MAY CONTAIN MATERIAL NON-PUBLIC INFORMATION ABOUT THE COMPANY, THE OTHER LOAN PARTIES AND THEIR RELATED PARTIES OR THEIR RESPECTIVE SECURITIES. ACCORDINGLY, EACH LENDER REPRESENTS TO THE COMPANY AND THE ADMINISTRATIVE AGENT THAT IT HAS IDENTIFIED IN ITS ADMINISTRATIVE QUESTIONNAIRE A CREDIT CONTACT WHO MAY RECEIVE INFORMATION THAT MAY CONTAIN MATERIAL NON-PUBLIC INFORMATION IN ACCORDANCE WITH ITS COMPLIANCE PROCEDURES AND APPLICABLE LAW.
In addition, the Administrative Agent and the Lenders may disclose the existence of this Agreement and information about this Agreement to market data collectors, similar service providers to the lending industry and service providers to the Administrative Agent and the Lenders in connection with the administration of this Agreement, the other Loan Documents and the Commitments.
Each Loan Party and Affiliates thereof agree that they will not in the future issue any press releases or other public disclosure using the name of the Administrative Agent or any Lender or their respective Affiliates or referring to this Agreement or any of the Loan Documents without the prior written consent of the Administrative Agent, unless (and only to the extent that) such Loan Party or such Affiliate is required to do so under law and then, in any event the Loan Parties or such Affiliate will consult with such Person to the extent practicable before issuing such press release or other public disclosure.
The Loan Parties consent to the publication by the Administrative Agent or any Lender of customary advertising material relating to the transactions contemplated hereby using the name, product photographs, logo or trademark of the Loan Parties.
For the avoidance of doubt, nothing herein prohibits any individual from communicating or disclosing information regarding suspected violations of laws, rules, or regulations to a governmental, regulatory, or self-regulatory authority without any notification to any person.
9.13 Interest Rate Limitation. Notwithstanding anything herein to the contrary, if at any time the interest rate applicable to any Loan, together with all fees, charges and other amounts which are treated as interest on such Loan under applicable law (collectively the “Charges”), shall exceed the maximum lawful rate (the “Maximum Rate”) which may be contracted for, charged, taken, received or reserved by the Lender holding such Loan in accordance with applicable law, the rate of interest payable in respect of such Loan hereunder, together with all Charges payable in respect thereof, shall be limited to the Maximum Rate and, to the extent lawful, the interest and Charges that would have been payable in respect of such Loan but were not payable as a result of the operation of this Section shall be cumulated and the interest and Charges payable to such Lender in respect of other Loans or periods shall be increased (but not above the Maximum Rate therefor) until such cumulated amount, together with interest thereon at the Federal Funds Effective Rate to the date of repayment, shall have been received by such Lender.
9.14 USA PATRIOT Act. Each Lender that is subject to the requirements of the Patriot Act hereby notifies each Loan Party that pursuant to the requirements of the Patriot Act, it is required to obtain, verify and record information that identifies such Loan Party, which information includes the name and address of such Loan Party and other information that will allow such Lender to identify such Loan Party in accordance with the Patriot Act.
9.15 Releases of Subsidiary Guarantors.
(a) A Subsidiary Guarantor shall automatically be released from its obligations under the Subsidiary Guaranty upon the consummation of any transaction permitted by this Agreement as a result of which such Subsidiary Guarantor ceases to be a Subsidiary; provided that, if so required by this Agreement, the Required Lenders shall have consented to such transaction and the terms of such consent shall not have provided otherwise. In connection with any termination or release pursuant to this Section, the Administrative Agent shall (and is hereby irrevocably authorized by each Lender to) execute and deliver to any Loan Party, at such Loan Party’s expense, all documents that such Loan Party shall reasonably request to evidence such termination or release. Any execution and delivery of documents pursuant to this Section shall be without recourse to or warranty by the Administrative Agent.
(b) Further, the Administrative Agent may (and is hereby irrevocably authorized by each Lender to), upon the request of the Company, release any Subsidiary Guarantor from its obligations under the Subsidiary Guaranty if such Subsidiary Guarantor no longer qualifies as (or would be designated as) a Subsidiary Guarantor pursuant to the terms of this Agreement.
(c) At such time as the principal and interest on the Loans, all LC Disbursements, the fees, expenses and other amounts payable under the Loan Documents and the other Secured Obligations (other than Swap Obligations, Banking Services Obligations, and other Obligations expressly stated to survive such payment and termination) shall have been paid in full, the Commitments shall have been terminated and no Letters of Credit shall be outstanding, the Subsidiary Guaranty and all obligations (other than those expressly stated to survive such termination) of each Subsidiary Guarantor thereunder shall automatically terminate, all without delivery of any instrument or performance of any act by any Person.
9.16 Attorney Representation. If a Dutch Borrower is represented by an attorney in connection with the signing and/or execution of the Agreement and/or any other Loan Document it is hereby expressly acknowledged and accepted by the parties to the Agreement and/or any other Loan Document that the existence and extent of the attorney’s authority and the effects of the attorney’s exercise or purported exercise of his or her authority shall be governed by the laws of the Netherlands.
9.17 Acknowledgment and Consent to Bail-In of Affected Financial Institutions.
Solely to the extent any Lender or Issuing Bank that is an Affected Financial Institution is a party to this Agreement and notwithstanding anything to the contrary in any Loan Document or
in any other agreement, arrangement or understanding among any such parties, each party hereto acknowledges that any liability of any Lender or Issuing Bank that is an Affected Financial Institution arising under any Loan Document, to the extent such liability is unsecured, may be subject to the Write-Down and Conversion Powers of the applicable Resolution Authority and agrees and consents to, and acknowledges and agrees to be bound by:
(a) the application of any Write-Down and Conversion Powers by the applicable Resolution Authority to any such liabilities arising hereunder which may be payable to it by any Lender or Issuing Bank that is an Affected Financial Institution; and
(b) the effects of any Bail-In Action on any such liability, including, if applicable:
(i) a reduction in full or in part or cancellation of any such liability;
(ii) a conversion of all, or a portion of, such liability into shares or other instruments of ownership in such Affected Financial Institution, its parent undertaking, or a bridge institution that may be issued to it or otherwise conferred on it, and that such shares or other instruments of ownership will be accepted by it in lieu of any rights with respect to any such liability under this Agreement or any other Loan Document; or
(iii) the variation of the terms of such liability in connection with the exercise of the Write-Down and Conversion Powers of the applicable Resolution Authority.
9.18 Electronic Execution. This Agreement, any Loan Document and any other Communication, including Communications required to be in writing, may be in the form of an Electronic Record and may be executed using Electronic Signatures. Each of the Loan Parties and each of the Administrative Agent and each Lender Party agrees that any Electronic Signature on or associated with any Communication shall be valid and binding on such Person to the same extent as a manual, original signature, and that any Communication entered into by Electronic Signature, will constitute the legal, valid and binding obligation of such Person enforceable against such Person in accordance with the terms thereof to the same extent as if a manually executed original signature was delivered. Any Communication may be executed in as many counterparts as necessary or convenient, including both paper and electronic counterparts, but all such counterparts are one and the same Communication. For the avoidance of doubt, the authorization under this paragraph may include, without limitation, use or acceptance of a manually signed paper Communication which has been converted into electronic form (such as scanned into PDF format), or an electronically signed Communication converted into another format, for transmission, delivery and/or retention. The Administrative Agent and each of the Lender Parties may, at its option, create one or more copies of any Communication in the form of an imaged Electronic Record (“Electronic Copy”), which shall be deemed created in the ordinary course of such Person’s business, and destroy the original paper document. All Communications in the form of an Electronic Record, including an Electronic Copy, shall be considered an original for all purposes, and shall have the same legal effect, validity and enforceability as a paper record. Notwithstanding anything contained herein to the contrary, neither the Administrative Agent, Issuing Bank nor Swingline Lender is under any obligation to accept an Electronic Signature in any form or in any format unless expressly agreed to by such Person pursuant to procedures approved by it; provided, further, without limiting the foregoing, (a) to the extent the Administrative Agent, Issuing Bank and/or Swingline Lender has agreed to accept such Electronic Signature, the Administrative Agent and each of the Lender Parties shall be entitled to rely on any such Electronic Signature purportedly given by or on behalf of any Loan
Party and/or any Lender Party without further verification and regardless of the appearance or form of such Electronic Signature, and (b) upon the request of the Administrative Agent or any Lender Party, any Communication executed using an Electronic Signature shall be promptly followed by such manually executed counterpart.
Neither the Administrative Agent, Issuing Bank nor Swingline Lender shall be responsible for or have any duty to ascertain or inquire into the sufficiency, validity, enforceability, effectiveness or genuineness of any Loan Document or any other agreement, instrument or document (including, for the avoidance of doubt, in connection with the Administrative Agent’s, Issuing Bank’s or Swingline Lender’s reliance on any Electronic Signature transmitted by telecopy, emailed .pdf or any other electronic means). The Administrative Agent, Issuing Bank and Swingline Lender shall be entitled to rely on, and shall incur no liability under or in respect of this Agreement or any other Loan Document by acting upon, any Communication or any statement made to it orally or by telephone and believed by it to be genuine and signed or sent or otherwise authenticated (whether or not such Person in fact meets the requirements set forth in the Loan Documents for being the maker thereof).
Each of the Loan Parties and each Lender Party hereby waives (i) any argument, defense or right to contest the legal effect, validity or enforceability of this Agreement, any other Loan Document based solely on the lack of paper original copies of this Agreement, such other Loan Document, and (ii) waives any claim against the Administrative Agent, each Lender Party and each Related Party for any liabilities arising solely from the Administrative Agent’s and/or any Lender Party’s reliance on or use of Electronic Signatures, including any liabilities arising as a result of the failure of the Loan Parties to use any available security measures in connection with the execution, delivery or transmission of any Electronic Signature.
9.19 Payments Set Aside.
To the extent that any payment by or on behalf of the Borrowers is made to the Administrative Agent, the Issuing Banks or any Lender, or the Administrative Agent, the Issuing Banks or any Lender exercises its right of setoff, and such payment or the proceeds of such setoff or any part thereof is subsequently invalidated, declared to be fraudulent or preferential, set aside or required (including pursuant to any settlement entered into by the Administrative Agent, the Issuing Banks or such Lender in its discretion) to be repaid to a trustee, receiver or any other party, in connection with any proceeding under the Bankruptcy Code or otherwise, then (a) to the extent of such recovery, the obligation or part thereof originally intended to be satisfied shall be revived and continued in full force and effect as if such payment had not been made or such setoff had not occurred, and (b) each Lender and Issuing Bank severally agrees to pay to the Administrative Agent upon demand its applicable share (without duplication) of any amount so recovered from or repaid by the Administrative Agent, plus interest thereon from the date of such demand to the date such payment is made at a rate per annum equal to Federal Funds Effective Rate or the Overnight Foreign Currency Rate (in the applicable currency of such recovery or payment), as applicable, from time to time in effect. The obligations of the Lenders and Issuing Banks under clause (b) of the preceding sentence shall survive the payment in full of the Obligations and the termination of this Agreement.
9.20 Acknowledgment Regarding Any Support QFCs. To the extent that the Loan Documents provide support, through a guarantee or otherwise, for any Swap Agreement or any other agreement or instrument that is a QFC (such support, “QFC Credit Support”, and each such QFC, a “Supported QFC”), the parties acknowledge and agree as follows with respect to the resolution power of the Federal Deposit Insurance Corporation under the Federal Deposit Insurance Act and Title II of the Dodd-Frank Wall Street Reform and Consumer Protection Act (together with the regulations promulgated thereunder, the “U.S. Special Resolution Regimes”) in respect of such Supported QFC and QFC Credit Support (with the provisions below applicable notwithstanding that the Loan Documents and any Supported QFC may in fact be stated to be governed by the laws of the State of New York and/or of the United States or any other state of the United States):
(a) In the event a Covered Entity that is party to a Supported QFC (each, a “Covered Party”) becomes subject to a proceeding under a U.S. Special Resolution Regime, the transfer of such Supported QFC and the benefit of such QFC Credit Support (and any interest and obligation in or under such Supported QFC and such QFC Credit Support, and any rights in property securing such Supported QFC or such QFC Credit Support) from such Covered Party will be effective to the same extent as the transfer would be effective under the U.S. Special Resolution Regime if the Supported QFC and such QFC Credit Support (and any such interest, obligation and rights in property) were governed by the laws of the United States or a state of the United States. In the event a Covered Party or a BHC Act Affiliate of a Covered Party becomes subject to a proceeding under a U.S. Special Resolution Regime, Default Rights under the Loan Documents that might otherwise apply to such Supported QFC or any QFC Credit Support that may be exercised against such Covered Party are permitted to be exercised to no greater extent than such Default Rights could be exercised under the U.S. Special Resolution Regime if the Supported QFC and the Loan Documents were governed by the laws of the United States or a state of the United States. Without limitation of the foregoing, it is understood and agreed that rights and remedies of the parties with respect to a Defaulting Lender shall in no event affect the rights of any Covered Party with respect to a Supported QFC or any QFC Credit Support.
(b) As used in this Section 9.20, the following terms have the following meanings:
“BHC Act Affiliate” of a party means an “affiliate” (as such term is defined under, and interpreted in accordance with, 12 U.S.C. 1841(k)) of such party.
“Covered Entity” means any of the following: (i) a “covered entity” as that term is defined in, and interpreted in accordance with, 12 C.F.R. § 252.82(b); (ii) a “covered bank” as that term is defined in, and interpreted in accordance with, 12 C.F.R. § 47.3(b); or (iii) a “covered FSI” as that term is defined in, and interpreted in accordance with, 12 C.F.R. § 382.2(b).
“Default Right” has the meaning assigned to that term in, and shall be interpreted in accordance with, 12 C.F.R. §§ 252.81, 47.2 or 382.1, as applicable.
“QFC” has the meaning assigned to the term “qualified financial contract” in, and shall be interpreted in accordance with, 12 U.S.C. 5390(c)(8)(D).
ARTICLE X
Cross-Guarantee
In order to induce the Lenders to extend credit to the other Borrowers hereunder, but subject to the penultimate sentence of this Article X, each Borrower hereby irrevocably and unconditionally guarantees, as a primary obligor and not merely as a surety, the payment when and as due of the Secured Obligations. Each Borrower further agrees that the due and punctual payment of such Secured Obligations may be extended or renewed, in whole or in part, without notice to or further assent from it, and that it will remain bound upon its guarantee hereunder notwithstanding any such extension or renewal of any such Secured Obligation.
Each Borrower waives presentment to, demand of payment from and protest to any Borrower of any of the Secured Obligations, and also waives notice of acceptance of its obligations and notice of protest for nonpayment. The obligations of each Borrower hereunder shall not be affected by (a) the failure of the Administrative Agent, any Issuing Bank or any Lender to assert any claim or demand or to enforce any right or remedy against any Borrower under the provisions of this Agreement, any other Loan Document or otherwise; (b) any extension or renewal of any of the Secured Obligations; (c) any rescission, waiver, amendment or modification of, or release from, any of the terms or provisions of this Agreement, or any other Loan Document or agreement; (d) any default, failure or delay, willful or otherwise, in the performance of any of the Secured Obligations; (e) the failure of the Administrative Agent to take any steps to perfect and maintain any security interest in, or to preserve any rights to, any security or collateral for the Secured Obligations, if any; (f) any change in the corporate, partnership or other existence, structure or ownership of any Borrower or any other guarantor of any of the Secured Obligations; (g) the enforceability or validity of the Secured Obligations or any part thereof or the genuineness, enforceability or validity of any agreement relating thereto or with respect to any collateral securing the Secured Obligations or any part thereof, or any other invalidity or unenforceability relating to or against any Borrower or any other guarantor of any of the Secured Obligations, for any reason related to this Agreement, any Swap Agreement, any Banking Services Agreement, any other Loan Document, or any provision of applicable law, decree, order or regulation of any jurisdiction purporting to prohibit the payment by such Borrower or any other guarantor of the Secured Obligations, of any of the Secured Obligations or otherwise affecting any term of any of the Secured Obligations; or (h) any other act, omission or delay to do any other act which may or might in any manner or to any extent vary the risk of such Borrower or otherwise operate as a discharge of a guarantor as a matter of law or equity or which would impair or eliminate any right of such Borrower to subrogation.
Each Borrower further agrees that its agreement hereunder constitutes a guarantee of payment when due (whether or not any bankruptcy or similar proceeding shall have stayed the accrual or collection of any of the Secured Obligations or operated as a discharge thereof) and not merely of collection, and waives any right to require that any resort be had by the Administrative Agent, any Issuing Bank or any Lender to any balance of any deposit account or credit on the books of the Administrative Agent, any Issuing Bank or any Lender in favor of any Borrower or any other Person.
The obligations of each Borrower hereunder shall not be subject to any reduction, limitation, impairment or termination for any reason, and shall not be subject to any defense or set-off, counterclaim, recoupment or termination whatsoever, by reason of the invalidity, illegality or unenforceability of any of the Secured Obligations, any impossibility in the performance of any of the Secured Obligations or otherwise.
Each Borrower further agrees that its obligations hereunder shall constitute a continuing and irrevocable guarantee of all Secured Obligations now or hereafter existing and shall continue to be effective or be reinstated, as the case may be, if at any time payment, or any part thereof, of any Secured Obligation (including a payment effected through exercise of a right of setoff) is rescinded, or is or must otherwise be restored or returned by the Administrative Agent, any Issuing Bank or any Lender upon the insolvency, bankruptcy or reorganization of any Borrower or otherwise (including pursuant to any settlement entered into by a holder of Secured Obligations in its discretion).
In furtherance of the foregoing and not in limitation of any other right which the Administrative Agent, any Issuing Bank or any Lender may have at law or in equity against any Borrower by virtue hereof, upon the failure of any other Borrower to pay any Secured Obligation when and as the same shall become due, whether at maturity, by acceleration, after notice of prepayment or otherwise, each Borrower hereby promises to and will, upon receipt of written demand by the Administrative Agent, any Issuing Bank or any Lender, forthwith pay, or cause to be paid, to the Administrative Agent, any Issuing Bank or any Lender in cash an amount equal to the unpaid principal amount of the Secured Obligations then due, together with accrued and unpaid interest thereon. Each Borrower further agrees that if payment in respect of any Secured Obligation shall be due in a currency other than Dollars and/or at a place of payment other than New York, Chicago or any other Eurocurrency Payment Office and if, by reason of any Change in Law, disruption of currency or foreign exchange markets, war or civil disturbance or other event, payment of such Secured Obligation in such currency or at such place of payment shall be impossible or, in the reasonable judgment of the Administrative Agent, any Issuing Bank or any Lender, disadvantageous to the Administrative Agent, any Issuing Bank or any Lender in any material respect, then, at the election of the Administrative Agent, such Borrower shall make payment of such Secured Obligation in Dollars (based upon the applicable Equivalent Amount in effect on the date of payment) and/or in New York, Chicago or such other Eurocurrency Payment Office as is designated by the Administrative Agent and, as a separate and independent obligation, shall indemnify the Administrative Agent, any Issuing Bank and any Lender against any losses or reasonable out-of-pocket expenses that it shall sustain as a result of such alternative payment.
Upon payment by any Borrower of any sums as provided above, all rights of such Borrower against any Borrower arising as a result thereof by way of right of subrogation or otherwise shall in all respects be subordinated and junior in right of payment to the prior indefeasible payment in full in cash of all the Secured Obligations owed by such Borrower to the Administrative Agent, the Issuing Banks and the Lenders.
Nothing shall discharge or satisfy the liability of any Borrower hereunder except the full performance and payment in cash of the Secured Obligations.
Notwithstanding anything contained in this Article X to the contrary, no Foreign Subsidiary Borrower which is and remains an Affected Foreign Subsidiary shall be liable hereunder for any of the Loans made to, or any other Secured Obligation incurred solely by or on behalf of, the Company or any Subsidiary Guarantor which is a Domestic Subsidiary.
The Company hereby absolutely, unconditionally and irrevocably undertakes to provide such funds or other support as may be needed from time to time by each Subsidiary Guarantor to honor all of its obligations under the Subsidiary Guaranty in respect of Specified Swap Obligations (provided, however, that the Company shall only be liable under this paragraph for the maximum amount of such liability that can be hereby incurred without rendering its obligations under this paragraph or otherwise under this Article X voidable under applicable law relating to fraudulent conveyance or fraudulent transfer, and not for any greater amount). The Company intends that this paragraph constitute, and this paragraph shall be deemed to constitute, a “keepwell, support, or other agreement” for the benefit of each Subsidiary Guarantor for all purposes of Section 1a(18)(A)(v)(II) of the Commodity Exchange Act.
[Remainder of Page is Intentionally Blank]
[SIGNATURE PAGES INTENTIONALLY OMITTED]
SCHEDULE 2.01
[INTENTIONALLY OMITTED]
CERTIFICATION
I, Thomas L. Monahan, certify that:
1. I have reviewed this quarterly report on Form 10-Q of Heidrick & Struggles International, Inc.;
2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;
3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;
4. The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:
(a)Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;
(b)Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;
(c)Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and
(d)Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and
5. The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):
(a)All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and
(b)Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.
| | | | | | | | | | | |
| | | |
Dated: | May 5, 2025 | | /s/ Thomas L. Monahan III |
| | | Thomas L. Monahan III |
| | | Chief Executive Officer |
CERTIFICATION
I, Nirupam Sinha, certify that:
1. I have reviewed this quarterly report on Form 10-Q of Heidrick & Struggles International, Inc.;
2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;
3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;
4. The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:
(a)Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;
(b)Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;
(c)Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and
(d)Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and
5. The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):
(a)All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and
(b)Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.
| | | | | | | | | | | |
| | | |
Dated: | May 5, 2025 | | /s/ Nirupam Sinha |
| | | Nirupam Sinha |
| | | Chief Financial Officer |
CERTIFICATION
Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002
(Subsections (a) and (b) of Section 1350, Chapter 63 of Title 18, United States Code)
Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 (subsections (a) and (b) of Section 1350, Chapter 63 of Title 18, United States Code), the undersigned officer of Heidrick & Struggles International, Inc., a Delaware corporation (the “Company”), does hereby certify that:
The Annual Report on Form 10-Q for the quarter ended March 31, 2025 (the “Form 10-Q”) of the Company fully complies with the requirements of section 13 (a) or 15 (d) of the Securities Exchange Act of 1934 and the information contained in the Form 10-Q fairly presents, in all material respects, the financial condition and results of operations of the Company.
| | | | | | | | | | | |
| | | |
Dated: | May 5, 2025 | | /s/ Thomas L. Monahan III |
| | | Thomas L. Monahan III |
| | | Chief Executive Officer |
CERTIFICATION
Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002
(Subsections (a) and (b) of Section 1350, Chapter 63 of Title 18, United States Code)
Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 (subsections (a) and (b) of Section 1350, Chapter 63 of Title 18, United States Code), the undersigned officer of Heidrick & Struggles International, Inc., a Delaware corporation (the “Company”), does hereby certify that:
The Annual Report on Form 10-Q for the quarter ended March 31, 2025 (the “Form 10-K”) of the Company fully complies with the requirements of section 13 (a) or 15 (d) of the Securities Exchange Act of 1934 and the information contained in the Form 10-Q fairly presents, in all material respects, the financial condition and results of operations of the Company.
| | | | | | | | | | | |
| | | |
Dated: | May 5, 2025 | | /s/ Nirupam Sinha |
| | | Nirupam Sinha |
| | | Chief Financial Officer |
v3.25.1
Cover - shares
|
3 Months Ended |
|
Mar. 31, 2025 |
May 02, 2025 |
Cover [Abstract] |
|
|
Document Type |
10-Q
|
|
Document Quarterly Report |
true
|
|
Document Period End Date |
Mar. 31, 2025
|
|
Document Transition Report |
false
|
|
Entity File Number |
0-25837
|
|
Entity Registrant Name |
HEIDRICK & STRUGGLES INTERNATIONAL, INC.
|
|
Entity Incorporation, State or Country Code |
DE
|
|
Entity Tax Identification Number |
36-2681268
|
|
Entity Address, Address Line One |
233 South Wacker Drive
|
|
Entity Address, Address Line Two |
Suite 4900
|
|
Entity Address, City or Town |
Chicago
|
|
Entity Address, State or Province |
IL
|
|
Entity Address, Postal Zip Code |
60606-6303
|
|
City Area Code |
(312)
|
|
Local Phone Number |
496-1200
|
|
Title of 12(b) Security |
Common Stock, $0.01 par value
|
|
Trading Symbol |
HSII
|
|
Security Exchange Name |
NASDAQ
|
|
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
|
|
Entity Common Stock, Shares Outstanding |
|
20,620,786
|
Amendment Flag |
false
|
|
Document Fiscal Year Focus |
2025
|
|
Document Fiscal Period Focus |
Q1
|
|
Entity Central Index Key |
0001066605
|
|
Current Fiscal Year End Date |
--12-31
|
|
X |
- DefinitionBoolean flag that is true when the XBRL content amends previously-filed or accepted submission.
+ References
+ Details
Name: |
dei_AmendmentFlag |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:booleanItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionEnd date of current fiscal year in the format --MM-DD.
+ References
+ Details
Name: |
dei_CurrentFiscalYearEndDate |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:gMonthDayItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionFiscal period values are FY, Q1, Q2, and Q3. 1st, 2nd and 3rd quarter 10-Q or 10-QT statements have value Q1, Q2, and Q3 respectively, with 10-K, 10-KT or other fiscal year statements having FY.
+ References
+ Details
Name: |
dei_DocumentFiscalPeriodFocus |
Namespace Prefix: |
dei_ |
Data Type: |
dei:fiscalPeriodItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionThis is focus fiscal year of the document report in YYYY format. For a 2006 annual report, which may also provide financial information from prior periods, fiscal 2006 should be given as the fiscal year focus. Example: 2006.
+ References
+ Details
Name: |
dei_DocumentFiscalYearFocus |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:gYearItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionFor the EDGAR submission types of Form 8-K: the date of the report, the date of the earliest event reported; for the EDGAR submission types of Form N-1A: the filing date; for all other submission types: the end of the reporting or transition period. The format of the date is YYYY-MM-DD.
+ References
+ Details
Name: |
dei_DocumentPeriodEndDate |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:dateItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionBoolean flag that is true only for a form used as an quarterly report.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Form 10-Q -Number 240 -Section 308 -Subsection a
+ Details
Name: |
dei_DocumentQuarterlyReport |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:booleanItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionBoolean flag that is true only for a form used as a transition report.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Forms 10-K, 10-Q, 20-F -Number 240 -Section 13 -Subsection a-1
+ Details
Name: |
dei_DocumentTransitionReport |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:booleanItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionThe type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'.
+ References
+ Details
Name: |
dei_DocumentType |
Namespace Prefix: |
dei_ |
Data Type: |
dei:submissionTypeItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionAddress Line 1 such as Attn, Building Name, Street Name
+ References
+ Details
Name: |
dei_EntityAddressAddressLine1 |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:normalizedStringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionAddress Line 2 such as Street or Suite number
+ References
+ Details
Name: |
dei_EntityAddressAddressLine2 |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:normalizedStringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- Definition
+ References
+ Details
Name: |
dei_EntityAddressCityOrTown |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:normalizedStringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionCode for the postal or zip code
+ References
+ Details
Name: |
dei_EntityAddressPostalZipCode |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:normalizedStringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionName of the state or province.
+ References
+ Details
Name: |
dei_EntityAddressStateOrProvince |
Namespace Prefix: |
dei_ |
Data Type: |
dei:stateOrProvinceItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionA unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Exchange Act -Number 240 -Section 12 -Subsection b-2
+ Details
Name: |
dei_EntityCentralIndexKey |
Namespace Prefix: |
dei_ |
Data Type: |
dei:centralIndexKeyItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionIndicate number of shares or other units outstanding of each of registrant's classes of capital or common stock or other ownership interests, if and as stated on cover of related periodic report. Where multiple classes or units exist define each class/interest by adding class of stock items such as Common Class A [Member], Common Class B [Member] or Partnership Interest [Member] onto the Instrument [Domain] of the Entity Listings, Instrument.
+ References
+ Details
Name: |
dei_EntityCommonStockSharesOutstanding |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:sharesItemType |
Balance Type: |
na |
Period Type: |
instant |
|
X |
- DefinitionIndicate 'Yes' or 'No' whether registrants (1) have filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that registrants were required to file such reports), and (2) have been subject to such filing requirements for the past 90 days. This information should be based on the registrant's current or most recent filing containing the related disclosure.
+ References
+ Details
Name: |
dei_EntityCurrentReportingStatus |
Namespace Prefix: |
dei_ |
Data Type: |
dei:yesNoItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionIndicate if registrant meets the emerging growth company criteria.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Exchange Act -Number 240 -Section 12 -Subsection b-2
+ Details
Name: |
dei_EntityEmergingGrowthCompany |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:booleanItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionCommission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen.
+ References
+ Details
Name: |
dei_EntityFileNumber |
Namespace Prefix: |
dei_ |
Data Type: |
dei:fileNumberItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionIndicate whether the registrant is one of the following: Large Accelerated Filer, Accelerated Filer, Non-accelerated Filer. Definitions of these categories are stated in Rule 12b-2 of the Exchange Act. This information should be based on the registrant's current or most recent filing containing the related disclosure.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Exchange Act -Number 240 -Section 12 -Subsection b-2
+ Details
Name: |
dei_EntityFilerCategory |
Namespace Prefix: |
dei_ |
Data Type: |
dei:filerCategoryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionTwo-character EDGAR code representing the state or country of incorporation.
+ References
+ Details
Name: |
dei_EntityIncorporationStateCountryCode |
Namespace Prefix: |
dei_ |
Data Type: |
dei:edgarStateCountryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionBoolean flag that is true when the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-T -Number 232 -Section 405
+ Details
Name: |
dei_EntityInteractiveDataCurrent |
Namespace Prefix: |
dei_ |
Data Type: |
dei:yesNoItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionThe exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Exchange Act -Number 240 -Section 12 -Subsection b-2
+ Details
Name: |
dei_EntityRegistrantName |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:normalizedStringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionBoolean flag that is true when the registrant is a shell company as defined in Rule 12b-2 of the Exchange Act.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Exchange Act -Number 240 -Section 12 -Subsection b-2
+ Details
Name: |
dei_EntityShellCompany |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:booleanItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionIndicates that the company is a Smaller Reporting Company (SRC).
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Exchange Act -Number 240 -Section 12 -Subsection b-2
+ Details
Name: |
dei_EntitySmallBusiness |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:booleanItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionThe Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Exchange Act -Number 240 -Section 12 -Subsection b-2
+ Details
Name: |
dei_EntityTaxIdentificationNumber |
Namespace Prefix: |
dei_ |
Data Type: |
dei:employerIdItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionLocal phone number for entity.
+ References
+ Details
Name: |
dei_LocalPhoneNumber |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:normalizedStringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionTitle of a 12(b) registered security.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Exchange Act -Number 240 -Section 12 -Subsection b
+ Details
Name: |
dei_Security12bTitle |
Namespace Prefix: |
dei_ |
Data Type: |
dei:securityTitleItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionName of the Exchange on which a security is registered.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Exchange Act -Number 240 -Section 12 -Subsection d1-1
+ Details
Name: |
dei_SecurityExchangeName |
Namespace Prefix: |
dei_ |
Data Type: |
dei:edgarExchangeCodeItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionTrading symbol of an instrument as listed on an exchange.
+ References
+ Details
Name: |
dei_TradingSymbol |
Namespace Prefix: |
dei_ |
Data Type: |
dei:tradingSymbolItemType |
Balance Type: |
na |
Period Type: |
duration |
|
v3.25.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands |
Mar. 31, 2025 |
Dec. 31, 2024 |
Current assets |
|
|
Cash and cash equivalents |
$ 211,944
|
$ 515,627
|
Marketable securities |
112,715
|
47,896
|
Accounts receivable, net of allowances of $8,433 and $7,296, respectively |
182,136
|
134,331
|
Prepaid expenses |
33,970
|
28,718
|
Other current assets |
47,421
|
39,935
|
Income taxes recoverable |
6,964
|
6,470
|
Total current assets |
595,150
|
772,977
|
Non-current assets |
|
|
Property and equipment, net |
51,938
|
51,685
|
Operating lease right-of-use assets |
80,863
|
83,518
|
Assets designated for retirement and pension plans |
10,424
|
9,976
|
Investments |
64,434
|
58,290
|
Other non-current assets |
26,113
|
25,500
|
Goodwill |
139,447
|
137,861
|
Other intangible assets, net |
11,304
|
12,483
|
Deferred income taxes |
44,018
|
41,898
|
Total non-current assets |
428,541
|
421,211
|
Total assets |
1,023,691
|
1,194,188
|
Current liabilities |
|
|
Accounts payable |
23,103
|
25,088
|
Accrued salaries and benefits |
171,155
|
353,531
|
Deferred revenue |
55,957
|
51,085
|
Operating lease liabilities |
17,652
|
17,653
|
Other current liabilities |
64,869
|
21,369
|
Income taxes payable |
16,804
|
14,287
|
Total current liabilities |
349,540
|
483,013
|
Non-current liabilities |
|
|
Accrued salaries and benefits |
41,826
|
58,547
|
Retirement and pension plans |
79,118
|
72,138
|
Operating lease liabilities |
82,436
|
83,152
|
Other non-current liabilities |
4,318
|
42,905
|
Deferred income taxes |
1,403
|
1,616
|
Total non-current liabilities |
209,101
|
258,358
|
Total liabilities |
558,641
|
741,371
|
Commitments and contingencies (Note 17) |
|
|
Stockholders’ equity |
|
|
Preferred stock, $0.01 par value, 10,000,000 shares authorized, no shares issued at March 31, 2025 and December 31, 2024 |
0
|
0
|
Common stock, $0.01 par value, 100,000,000 shares authorized, 20,625,866 and 20,414,915 shares issued, 20,620,786 and 20,409,835 shares outstanding at March 31, 2025 and December 31, 2024, respectively |
206
|
204
|
Treasury stock at cost, 5,080 shares at March 31, 2025 and December 31, 2024 |
(110)
|
(110)
|
Additional paid in capital |
260,512
|
260,893
|
Retained earnings |
215,985
|
205,875
|
Accumulated other comprehensive loss |
(11,543)
|
(14,045)
|
Total stockholders’ equity |
465,050
|
452,817
|
Total liabilities and stockholders’ equity |
$ 1,023,691
|
$ 1,194,188
|
X |
- DefinitionAccrued Salaries and Benefits
+ References
+ Details
Name: |
hsii_AccruedSalariesAndBenefits |
Namespace Prefix: |
hsii_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
X |
- DefinitionCarrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(19)(a)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1
Reference 2: http://www.xbrl.org/2003/role/exampleRef -Topic 852 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481372/852-10-55-10
+ Details
Name: |
us-gaap_AccountsPayableCurrent |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
X |
- DefinitionAmount, after allowance for credit loss, of right to consideration from customer for product sold and service rendered in normal course of business, classified as current.
+ ReferencesReference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 310 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481990/310-10-45-2
+ Details
Name: |
us-gaap_AccountsReceivableNetCurrent |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
instant |
|
X |
- DefinitionAmount, after tax, of accumulated increase (decrease) in equity from transaction and other event and circumstance from nonowner source.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 14A -Publisher FASB -URI https://asc.fasb.org/1943274/2147482790/220-10-45-14A
Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 11 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482790/220-10-45-11
Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 944 -SubTopic 40 -Name Accounting Standards Codification -Section 65 -Paragraph 2 -Subparagraph (g)(2)(ii) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480016/944-40-65-2
Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 944 -SubTopic 40 -Name Accounting Standards Codification -Section 65 -Paragraph 2 -Subparagraph (h)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480016/944-40-65-2
Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(30)(a)(4)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1
Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 944 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03(a)(23)(a)(3)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478777/944-210-S99-1
Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 14 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482790/220-10-45-14
+ Details
Name: |
us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
X |
- DefinitionValue received from shareholders in common stock-related transactions that are in excess of par value or stated value and amounts received from other stock-related transactions. Includes only common stock transactions (excludes preferred stock transactions). May be called contributed capital, capital in excess of par, capital surplus, or paid-in capital.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(30)(a)(1)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1
+ Details
Name: |
us-gaap_AdditionalPaidInCapitalCommonStock |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
X |
- DefinitionAmount of asset recognized for present right to economic benefit.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 48 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-48
Reference 2: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 49 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-49
Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 270 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (i) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482964/270-10-50-1
Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (ee) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-32
Reference 5: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-32
Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22
Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 810 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (bb) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481203/810-10-50-3
Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 810 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 25 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481231/810-10-45-25
Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(g)(1)(ii)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1
Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 323 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481687/323-10-50-3
Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Topic 825 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 28 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482907/825-10-50-28
Reference 12: http://www.xbrl.org/2003/role/exampleRef -Topic 852 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481372/852-10-55-10
Reference 13: http://www.xbrl.org/2003/role/exampleRef -Topic 946 -SubTopic 830 -Name Accounting Standards Codification -Section 55 -Paragraph 12 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479168/946-830-55-12
Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Topic 944 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03(a)(12)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478777/944-210-S99-1
Reference 15: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.6-04(8)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479170/946-210-S99-1
Reference 16: http://www.xbrl.org/2003/role/disclosureRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(18)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1
Reference 17: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(4)(i)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A
Reference 18: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(4)(ii)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A
Reference 19: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(4)(iii)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A
Reference 20: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(4)(iii)(A)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A
Reference 21: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(4)(iv)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A
Reference 22: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(5)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A
Reference 23: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(4)(i)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B
Reference 24: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(4)(iii)(A)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B
Reference 25: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(4)(iii)(B)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B
Reference 26: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(4)(iv)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B
Reference 27: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(5)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B
Reference 28: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 852 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 7 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481404/852-10-50-7
Reference 29: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 30 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30
Reference 30: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 942 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03(11)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478546/942-210-S99-1
+ Details
Name: |
us-gaap_Assets |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
instant |
|
X |
- DefinitionAmount of asset recognized for present right to economic benefit, classified as current.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 810 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (bb) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481203/810-10-50-3
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 810 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 25 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481231/810-10-45-25
Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(g)(1)(ii)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1
Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 323 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481687/323-10-50-3
Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 825 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 28 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482907/825-10-50-28
Reference 6: http://www.xbrl.org/2003/role/exampleRef -Topic 852 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481372/852-10-55-10
Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483467/210-10-45-1
Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(9)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1
Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(4)(i)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A
Reference 10: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(4)(ii)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A
Reference 11: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(4)(iii)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A
Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(4)(iii)(A)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A
Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(4)(iv)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A
Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(5)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A
Reference 15: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(4)(i)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B
Reference 16: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(4)(iii)(A)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B
Reference 17: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(4)(iii)(B)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B
Reference 18: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(4)(iv)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B
Reference 19: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(5)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B
Reference 20: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 852 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 7 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481404/852-10-50-7
+ Details
Name: |
us-gaap_AssetsCurrent |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
instant |
|
X |
- References
+ Details
Name: |
us-gaap_AssetsCurrentAbstract |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionSum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold or consumed after one year or beyond the normal operating cycle, if longer.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 810 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (bb) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481203/810-10-50-3
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 810 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 25 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481231/810-10-45-25
Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(g)(1)(ii)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1
Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 323 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481687/323-10-50-3
Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 825 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 28 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482907/825-10-50-28
Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(4)(i)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A
Reference 7: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(4)(ii)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A
Reference 8: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(4)(iii)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A
Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(4)(iii)(A)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A
Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(4)(iv)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A
Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(5)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A
Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(4)(i)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B
Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(4)(iii)(A)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B
Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(4)(iii)(B)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B
Reference 15: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(4)(iv)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B
Reference 16: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(5)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B
Reference 17: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 852 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 7 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481404/852-10-50-7
+ Details
Name: |
us-gaap_AssetsNoncurrent |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
instant |
|
X |
- References
+ Details
Name: |
us-gaap_AssetsNoncurrentAbstract |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionAmount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(1)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1
Reference 2: http://www.xbrl.org/2003/role/exampleRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483467/210-10-45-1
Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482740/230-10-45-4
+ Details
Name: |
us-gaap_CashAndCashEquivalentsAtCarryingValue |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
instant |
|
X |
- DefinitionRepresents the caption on the face of the balance sheet to indicate that the entity has entered into (1) purchase or supply arrangements that will require expending a portion of its resources to meet the terms thereof, and (2) is exposed to potential losses or, less frequently, gains, arising from (a) possible claims against a company's resources due to future performance under contract terms, and (b) possible losses or likely gains from uncertainties that will ultimately be resolved when one or more future events that are deemed likely to occur do occur or fail to occur.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 942 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03(17)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478546/942-210-S99-1
Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(25)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1
Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 944 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03(a)(19)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478777/944-210-S99-1
Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.6-04(15)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479170/946-210-S99-1
+ Details
Name: |
us-gaap_CommitmentsAndContingencies |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
X |
- DefinitionAggregate par or stated value of issued nonredeemable common stock (or common stock redeemable solely at the option of the issuer). This item includes treasury stock repurchased by the entity. Note: elements for number of nonredeemable common shares, par value and other disclosure concepts are in another section within stockholders' equity.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(29)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1
Reference 2: http://www.xbrl.org/2003/role/exampleRef -Topic 852 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481372/852-10-55-10
Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 944 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03(a)(22)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478777/944-210-S99-1
+ Details
Name: |
us-gaap_CommonStockValue |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
X |
- DefinitionAmount of deferred income and obligation to transfer product and service to customer for which consideration has been received or is receivable, classified as current.
+ ReferencesReference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(20)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1
+ Details
Name: |
us-gaap_DeferredRevenueCurrent |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
X |
- DefinitionAmount of asset, recognized in statement of financial position, for overfunded defined benefit pension and other postretirement plans.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 942 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03(10)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478546/942-210-S99-1
Reference 2: http://www.xbrl.org/2003/role/exampleRef -Topic 715 -SubTopic 20 -Name Accounting Standards Codification -Section 55 -Paragraph 17 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480482/715-20-55-17
Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 944 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03(a)(10)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478777/944-210-S99-1
Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.6-04(7)(b)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479170/946-210-S99-1
Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 715 -SubTopic 20 -Name Accounting Standards Codification -Section 45 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480535/715-20-45-2
Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 715 -SubTopic 20 -Name Accounting Standards Codification -Section 45 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480535/715-20-45-3
Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 715 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480506/715-20-50-1
+ Details
Name: |
us-gaap_DefinedBenefitPlanAssetsForPlanBenefitsNoncurrent |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
instant |
|
X |
- DefinitionAmount, after accumulated impairment loss, of asset representing future economic benefit arising from other asset acquired in business combination or from joint venture formation or both, that is not individually identified and separately recognized.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 49 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-49
Reference 2: http://www.xbrl.org/2003/role/exampleRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 55 -Paragraph 24 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482548/350-20-55-24
Reference 3: http://www.xbrl.org/2003/role/exampleRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 100 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482078/820-10-55-100
Reference 4: http://www.xbrl.org/2003/role/exampleRef -Topic 852 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481372/852-10-55-10
Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(15)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1
Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 45 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482598/350-20-45-1
Reference 7: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482573/350-20-50-1
Reference 8: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (h) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482573/350-20-50-1
Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 942 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03(10)(1)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478546/942-210-S99-1
+ Details
Name: |
us-gaap_Goodwill |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
instant |
|
X |
- DefinitionAmount of liability recognized for present obligation requiring transfer or otherwise providing economic benefit to others.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(22)) -SubTopic 10 -Topic 210 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1
Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(20)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1
Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(24)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1
Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(19)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1
Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(25)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1
Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(26)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1
Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(23)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1
Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(21)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1
Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 810 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481203/810-10-50-3
Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 810 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 25 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481231/810-10-45-25
Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Topic 810 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (bb) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481203/810-10-50-3
Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(g)(1)(ii)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1
Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Topic 323 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481687/323-10-50-3
Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Topic 825 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 28 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482907/825-10-50-28
Reference 15: http://www.xbrl.org/2003/role/exampleRef -Topic 946 -SubTopic 830 -Name Accounting Standards Codification -Section 55 -Paragraph 12 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479168/946-830-55-12
Reference 16: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.6-04(14)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479170/946-210-S99-1
Reference 17: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(4)(i)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A
Reference 18: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(4)(ii)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A
Reference 19: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(4)(iii)(A)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A
Reference 20: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(4)(iv)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A
Reference 21: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(5)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A
Reference 22: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(4)(i)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B
Reference 23: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(4)(iii)(A)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B
Reference 24: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(4)(iii)(B)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B
Reference 25: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(4)(iv)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B
Reference 26: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(5)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B
Reference 27: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 852 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 7 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481404/852-10-50-7
Reference 28: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 852 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 7 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481404/852-10-50-7
Reference 29: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 30 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30
+ Details
Name: |
us-gaap_Liabilities |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
X |
- DefinitionAmount of liabilities and equity items, including the portion of equity attributable to noncontrolling interests, if any.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 852 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481372/852-10-55-10
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 944 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03(a)(25)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478777/944-210-S99-1
Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(g)(1)(ii)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1
Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 323 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481687/323-10-50-3
Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 825 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 28 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482907/825-10-50-28
Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 942 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03(23)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478546/942-210-S99-1
Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(32)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1
+ Details
Name: |
us-gaap_LiabilitiesAndStockholdersEquity |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
X |
- DefinitionTotal obligations incurred as part of normal operations that are expected to be paid during the following twelve months or within one business cycle, if longer.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(21)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 810 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481203/810-10-50-3
Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 810 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 25 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481231/810-10-45-25
Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 810 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (bb) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481203/810-10-50-3
Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(g)(1)(ii)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1
Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 323 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481687/323-10-50-3
Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 825 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 28 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482907/825-10-50-28
Reference 8: http://www.xbrl.org/2003/role/exampleRef -Topic 852 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481372/852-10-55-10
Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483467/210-10-45-5
Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(4)(i)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A
Reference 11: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(4)(ii)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A
Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(4)(iii)(A)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A
Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(4)(iv)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A
Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(5)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A
Reference 15: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(4)(i)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B
Reference 16: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(4)(iii)(A)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B
Reference 17: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(4)(iii)(B)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B
Reference 18: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(4)(iv)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B
Reference 19: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(5)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B
Reference 20: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 852 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 7 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481404/852-10-50-7
Reference 21: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 852 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 7 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481404/852-10-50-7
+ Details
Name: |
us-gaap_LiabilitiesCurrent |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
X |
- References
+ Details
Name: |
us-gaap_LiabilitiesCurrentAbstract |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionAmount of obligation due after one year or beyond the normal operating cycle, if longer.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(22)) -SubTopic 10 -Topic 210 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1
Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(24)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1
Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(25)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1
Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(26)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1
Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(23)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1
Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 810 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481203/810-10-50-3
Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 810 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 25 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481231/810-10-45-25
Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 810 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (bb) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481203/810-10-50-3
Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(g)(1)(ii)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1
Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 323 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481687/323-10-50-3
Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Topic 825 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 28 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482907/825-10-50-28
Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(4)(i)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A
Reference 13: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(4)(ii)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A
Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(4)(iii)(A)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A
Reference 15: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(4)(iv)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A
Reference 16: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(5)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A
Reference 17: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(4)(i)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B
Reference 18: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(4)(iii)(A)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B
Reference 19: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(4)(iii)(B)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B
Reference 20: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(4)(iv)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B
Reference 21: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(5)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B
Reference 22: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 852 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 7 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481404/852-10-50-7
Reference 23: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 852 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 7 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481404/852-10-50-7
+ Details
Name: |
us-gaap_LiabilitiesNoncurrent |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
X |
- References
+ Details
Name: |
us-gaap_LiabilitiesNoncurrentAbstract |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionThe total amount of investments that are intended to be held for an extended period of time (longer than one operating cycle).
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(12)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1
+ Details
Name: |
us-gaap_LongTermInvestments |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
instant |
|
X |
- DefinitionAmount of investment in marketable security, classified as current.
+ ReferencesReference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(2)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1
+ Details
Name: |
us-gaap_MarketableSecuritiesCurrent |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
instant |
|
X |
- DefinitionPresent value of lessee's discounted obligation for lease payments from operating lease, classified as current.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 45 -Paragraph 1 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479041/842-20-45-1
+ Details
Name: |
us-gaap_OperatingLeaseLiabilityCurrent |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
X |
- DefinitionPresent value of lessee's discounted obligation for lease payments from operating lease, classified as noncurrent.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 45 -Paragraph 1 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479041/842-20-45-1
+ Details
Name: |
us-gaap_OperatingLeaseLiabilityNoncurrent |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
X |
- DefinitionAmount of lessee's right to use underlying asset under operating lease.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 45 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479041/842-20-45-1
+ Details
Name: |
us-gaap_OperatingLeaseRightOfUseAsset |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
instant |
|
X |
- DefinitionAmount of current assets classified as other.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 852 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481372/852-10-55-10
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(8)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1
+ Details
Name: |
us-gaap_OtherAssetsCurrent |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
instant |
|
X |
- DefinitionAmount of noncurrent assets classified as other.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(17)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1
+ Details
Name: |
us-gaap_OtherAssetsNoncurrent |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
instant |
|
X |
- DefinitionAmount after accumulated amortization of finite-lived and indefinite-lived intangible assets classified as other.
+ References
+ Details
Name: |
us-gaap_OtherIntangibleAssetsNet |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
instant |
|
X |
- DefinitionAmount of liabilities classified as other, due within one year or the normal operating cycle, if longer.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(20)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1
Reference 2: http://www.xbrl.org/2003/role/exampleRef -Topic 852 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481372/852-10-55-10
+ Details
Name: |
us-gaap_OtherLiabilitiesCurrent |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
X |
- DefinitionAmount of liabilities classified as other, due after one year or the normal operating cycle, if longer.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(24)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1
+ Details
Name: |
us-gaap_OtherLiabilitiesNoncurrent |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
X |
- DefinitionAmount of liability, recognized in statement of financial position, for defined benefit pension and other postretirement plans, classified as noncurrent.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(24)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1
Reference 2: http://www.xbrl.org/2003/role/exampleRef -Topic 715 -SubTopic 20 -Name Accounting Standards Codification -Section 55 -Paragraph 17 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480482/715-20-55-17
Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 715 -SubTopic 20 -Name Accounting Standards Codification -Section 45 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480535/715-20-45-2
Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 715 -SubTopic 20 -Name Accounting Standards Codification -Section 45 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480535/715-20-45-3
Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 715 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480506/715-20-50-1
+ Details
Name: |
us-gaap_PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
X |
- DefinitionAggregate par or stated value of issued nonredeemable preferred stock (or preferred stock redeemable solely at the option of the issuer). This item includes treasury stock repurchased by the entity. Note: elements for number of nonredeemable preferred shares, par value and other disclosure concepts are in another section within stockholders' equity.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(28)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1
Reference 2: http://www.xbrl.org/2003/role/exampleRef -Topic 852 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481372/852-10-55-10
Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 944 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03(a)(21)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478777/944-210-S99-1
+ Details
Name: |
us-gaap_PreferredStockValue |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
X |
- DefinitionCarrying amount as of the balance sheet date of expenditures made in advance of when the economic benefit of the cost will be realized, and which will be expensed in future periods with the passage of time or when a triggering event occurs.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 942 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03(10)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478546/942-210-S99-1
Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 944 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03(a)(10)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478777/944-210-S99-1
Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.6-04(7)(a)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479170/946-210-S99-1
Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(7)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1
+ Details
Name: |
us-gaap_PrepaidExpenseCurrentAndNoncurrent |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
instant |
|
X |
- DefinitionAmount after accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business to produce goods and services and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -SubTopic 10 -Topic 360 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482099/360-10-50-1
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 7A -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478964/842-20-50-7A
Reference 3: http://www.xbrl.org/2003/role/exampleRef -Topic 852 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481372/852-10-55-10
Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 944 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03(a)(8)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478777/944-210-S99-1
Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 942 -SubTopic 360 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org/1943274/2147478451/942-360-50-1
+ Details
Name: |
us-gaap_PropertyPlantAndEquipmentNet |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
instant |
|
X |
- DefinitionAmount of accumulated undistributed earnings (deficit).
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(30)(a)(3)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1
Reference 2: http://www.xbrl.org/2003/role/exampleRef -Topic 852 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481372/852-10-55-10
Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 944 -SubTopic 40 -Name Accounting Standards Codification -Section 65 -Paragraph 2 -Subparagraph (g)(2)(i) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480016/944-40-65-2
Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 944 -SubTopic 40 -Name Accounting Standards Codification -Section 65 -Paragraph 2 -Subparagraph (h)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480016/944-40-65-2
Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 11 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480990/946-20-50-11
Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 944 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03(a)(23)(a)(4)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478777/944-210-S99-1
Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.6-04(17)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479170/946-210-S99-1
Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.3-04) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480008/505-10-S99-1
+ Details
Name: |
us-gaap_RetainedEarningsAccumulatedDeficit |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
X |
- DefinitionAmount of equity (deficit) attributable to parent. Excludes temporary equity and equity attributable to noncontrolling interest.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(29)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1
Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(30)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1
Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(31)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1
Reference 4: http://www.xbrl.org/2003/role/exampleRef -Topic 852 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481372/852-10-55-10
Reference 5: http://www.xbrl.org/2003/role/exampleRef -Topic 946 -SubTopic 830 -Name Accounting Standards Codification -Section 55 -Paragraph 12 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479168/946-830-55-12
Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.6-04(19)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479170/946-210-S99-1
Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.6-05(4)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479170/946-210-S99-2
Reference 8: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 946 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 3 -Subparagraph (SX 210.6-09(4)(b)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479134/946-220-S99-3
Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 3 -Subparagraph (SX 210.6-09(6)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479134/946-220-S99-3
Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 3 -Subparagraph (SX 210.6-09(7)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479134/946-220-S99-3
Reference 11: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(g)(1)(ii)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1
Reference 12: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 323 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481687/323-10-50-3
Reference 13: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 825 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 28 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482907/825-10-50-28
Reference 14: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 310 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SAB Topic 4.E) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480418/310-10-S99-2
+ Details
Name: |
us-gaap_StockholdersEquity |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
X |
- References
+ Details
Name: |
us-gaap_StockholdersEquityAbstract |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionAmount allocated to previously issued common shares repurchased by the issuing entity and held in treasury.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(30)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1
Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 505 -SubTopic 30 -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481520/505-30-50-4
Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 505 -SubTopic 30 -Section 45 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481549/505-30-45-1
+ Details
Name: |
us-gaap_TreasuryStockCommonValue |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
instant |
|
v3.25.1
CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands |
Mar. 31, 2025 |
Dec. 31, 2024 |
Statement of Financial Position [Abstract] |
|
|
Accounts receivable, allowance for credit loss, current |
$ 8,433
|
$ 7,296
|
Preferred stock, par value (in dollars per share) |
$ 0.01
|
$ 0.01
|
Preferred stock, authorized (in shares) |
10,000,000
|
10,000,000
|
Preferred stock, issued (in shares) |
0
|
0
|
Common stock, par value (in dollars per share) |
$ 0.01
|
$ 0.01
|
Common stock, authorized (in shares) |
100,000,000
|
100,000,000
|
Common stock, issued (in shares) |
20,625,866
|
20,414,915
|
Common stock, outstanding (in shares) |
20,620,786
|
20,409,835
|
Treasury stock (in shares) |
5,080
|
5,080
|
X |
- DefinitionAmount of allowance for credit loss on accounts receivable, classified as current.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(4)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 326 -SubTopic 20 -Name Accounting Standards Codification -Section 45 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479344/326-20-45-1
Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 310 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481962/310-10-50-4
+ Details
Name: |
us-gaap_AllowanceForDoubtfulAccountsReceivableCurrent |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
X |
- DefinitionFace amount or stated value per share of common stock.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(29)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1
+ Details
Name: |
us-gaap_CommonStockParOrStatedValuePerShare |
Namespace Prefix: |
us-gaap_ |
Data Type: |
dtr-types:perShareItemType |
Balance Type: |
na |
Period Type: |
instant |
|
X |
- DefinitionThe maximum number of common shares permitted to be issued by an entity's charter and bylaws.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(29)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.6-04(16)(a)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479170/946-210-S99-1
+ Details
Name: |
us-gaap_CommonStockSharesAuthorized |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:sharesItemType |
Balance Type: |
na |
Period Type: |
instant |
|
X |
- DefinitionTotal number of common shares of an entity that have been sold or granted to shareholders (includes common shares that were issued, repurchased and remain in the treasury). These shares represent capital invested by the firm's shareholders and owners, and may be all or only a portion of the number of shares authorized. Shares issued include shares outstanding and shares held in the treasury.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(29)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1
+ Details
Name: |
us-gaap_CommonStockSharesIssued |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:sharesItemType |
Balance Type: |
na |
Period Type: |
instant |
|
X |
- DefinitionNumber of shares of common stock outstanding. Common stock represent the ownership interest in a corporation.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -SubTopic 10 -Topic 505 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-2
Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(29)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1
Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.6-05(4)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479170/946-210-S99-2
Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 946 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 3 -Subparagraph (SX 210.6-09(4)(b)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479134/946-220-S99-3
Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.6-04(16)(a)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479170/946-210-S99-1
Reference 6: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 946 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 3 -Subparagraph (SX 210.6-09(7)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479134/946-220-S99-3
+ Details
Name: |
us-gaap_CommonStockSharesOutstanding |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:sharesItemType |
Balance Type: |
na |
Period Type: |
instant |
|
X |
- DefinitionFace amount or stated value per share of preferred stock nonredeemable or redeemable solely at the option of the issuer.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(28)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-13
+ Details
Name: |
us-gaap_PreferredStockParOrStatedValuePerShare |
Namespace Prefix: |
us-gaap_ |
Data Type: |
dtr-types:perShareItemType |
Balance Type: |
na |
Period Type: |
instant |
|
X |
- DefinitionThe maximum number of nonredeemable preferred shares (or preferred stock redeemable solely at the option of the issuer) permitted to be issued by an entity's charter and bylaws.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(28)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.6-04(16)(a)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479170/946-210-S99-1
+ Details
Name: |
us-gaap_PreferredStockSharesAuthorized |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:sharesItemType |
Balance Type: |
na |
Period Type: |
instant |
|
X |
- DefinitionNumber of shares issued for nonredeemable preferred shares and preferred shares redeemable solely at option of issuer. Includes, but is not limited to, preferred shares issued, repurchased, and held as treasury shares. Excludes preferred shares classified as debt.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(28)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-13
+ Details
Name: |
us-gaap_PreferredStockSharesIssued |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:sharesItemType |
Balance Type: |
na |
Period Type: |
instant |
|
X |
- References
+ Details
Name: |
us-gaap_StatementOfFinancialPositionAbstract |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionNumber of previously issued common shares repurchased by the issuing entity and held in treasury.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 505 -SubTopic 30 -Section 45 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481549/505-30-45-1
+ Details
Name: |
us-gaap_TreasuryStockCommonShares |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:sharesItemType |
Balance Type: |
na |
Period Type: |
instant |
|
v3.25.1
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) shares in Thousands, $ in Thousands |
3 Months Ended |
Mar. 31, 2025 |
Mar. 31, 2024 |
Revenue |
|
|
Revenue before reimbursements (net revenue) |
$ 283,578
|
$ 265,197
|
Reimbursements |
3,864
|
3,901
|
Total revenue |
287,442
|
269,098
|
Operating expenses |
|
|
Salaries and benefits |
189,475
|
174,413
|
General and administrative expenses |
41,424
|
41,363
|
Cost of services |
30,059
|
27,432
|
Research and development |
6,392
|
5,715
|
Reimbursed expenses |
3,864
|
3,901
|
Total operating expenses |
271,214
|
252,824
|
Operating income |
16,228
|
16,274
|
Non-operating income (expense) |
|
|
Interest, net |
3,955
|
4,086
|
Other, net |
(2,566)
|
2,571
|
Net non-operating income |
1,389
|
6,657
|
Income before income taxes |
17,617
|
22,931
|
Provision for income taxes |
4,311
|
8,899
|
Net income |
13,306
|
14,032
|
Other comprehensive income (loss), net of tax |
|
|
Foreign currency translation adjustment |
2,541
|
(4,058)
|
Net unrealized loss on available-for-sale investments |
(39)
|
(33)
|
Other comprehensive income (loss), net of tax |
2,502
|
(4,091)
|
Comprehensive income |
$ 15,808
|
$ 9,941
|
Weighted-average common shares outstanding |
|
|
Basic (in shares) |
20,464
|
20,144
|
Diluted (in shares) |
21,318
|
21,040
|
Earnings per common share |
|
|
Basic (in dollars per share) |
$ 0.65
|
$ 0.70
|
Diluted (in dollars per share) |
0.62
|
0.67
|
Cash dividends paid per share (in dollars per share) |
$ 0.15
|
$ 0.15
|
X |
- Definition
+ References
+ Details
Name: |
hsii_ReimbursementRevenue |
Namespace Prefix: |
hsii_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- DefinitionAggregate dividends paid during the period for each share of common stock outstanding.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.3-04) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480008/505-10-S99-1
+ Details
Name: |
us-gaap_CommonStockDividendsPerShareCashPaid |
Namespace Prefix: |
us-gaap_ |
Data Type: |
dtr-types:perShareItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionAmount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income, attributable to parent entity. Excludes changes in equity resulting from investments by owners and distributions to owners.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(24)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483621/220-10-S99-2
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 942 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-04(26)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478524/942-220-S99-1
Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 944 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-04(22)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147477250/944-220-S99-1
Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 1A -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482790/220-10-45-1A
Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 1B -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482790/220-10-45-1B
Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 944 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-04(20)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147477250/944-220-S99-1
Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482790/220-10-45-5
+ Details
Name: |
us-gaap_ComprehensiveIncomeNetOfTax |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- DefinitionThe aggregate costs related to goods produced and sold and services rendered by an entity during the reporting period. This excludes costs incurred during the reporting period related to financial services rendered and other revenue generating activities.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(2)(d)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483621/220-10-S99-2
Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(2)(a)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483621/220-10-S99-2
Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 924 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SAB Topic 11.L) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479941/924-10-S99-1
+ Details
Name: |
us-gaap_CostOfGoodsAndServicesSold |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- DefinitionTotal costs of sales and operating expenses for the period.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483621/220-10-S99-2
+ Details
Name: |
us-gaap_CostsAndExpenses |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- References
+ Details
Name: |
us-gaap_EarningsPerShareAbstract |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionThe amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 250 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483443/250-10-50-6
Reference 2: http://www.xbrl.org/2003/role/exampleRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 52 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482635/260-10-55-52
Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 805 -SubTopic 60 -Name Accounting Standards Codification -Section 65 -Paragraph 1 -Subparagraph (g) -Publisher FASB -URI https://asc.fasb.org/1943274/2147476176/805-60-65-1
Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 740 -SubTopic 323 -Name Accounting Standards Codification -Section 65 -Paragraph 2 -Subparagraph (g)(3) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478666/740-323-65-2
Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 250 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483443/250-10-50-3
Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482635/260-10-55-15
Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 40 -Name Accounting Standards Codification -Section 65 -Paragraph 1 -Subparagraph (e)(4) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480175/815-40-65-1
Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 40 -Name Accounting Standards Codification -Section 65 -Paragraph 1 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480175/815-40-65-1
Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 250 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 11 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483443/250-10-50-11
Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 250 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 11 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483443/250-10-50-11
Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Topic 250 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 7 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483443/250-10-50-7
Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482689/260-10-45-2
Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 60B -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482689/260-10-45-60B
Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Topic 250 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483443/250-10-50-4
Reference 15: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-1
Reference 16: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482689/260-10-45-10
Reference 17: http://www.xbrl.org/2003/role/disclosureRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(25)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483621/220-10-S99-2
Reference 18: http://www.xbrl.org/2003/role/disclosureRef -Topic 942 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-04(27)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478524/942-220-S99-1
Reference 19: http://www.xbrl.org/2003/role/disclosureRef -Topic 944 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-04(23)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147477250/944-220-S99-1
Reference 20: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 7 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482689/260-10-45-7
+ Details
Name: |
us-gaap_EarningsPerShareBasic |
Namespace Prefix: |
us-gaap_ |
Data Type: |
dtr-types:perShareItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionThe amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 250 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483443/250-10-50-6
Reference 2: http://www.xbrl.org/2003/role/exampleRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 52 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482635/260-10-55-52
Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 805 -SubTopic 60 -Name Accounting Standards Codification -Section 65 -Paragraph 1 -Subparagraph (g) -Publisher FASB -URI https://asc.fasb.org/1943274/2147476176/805-60-65-1
Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 740 -SubTopic 323 -Name Accounting Standards Codification -Section 65 -Paragraph 2 -Subparagraph (g)(3) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478666/740-323-65-2
Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 250 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483443/250-10-50-3
Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482635/260-10-55-15
Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 40 -Name Accounting Standards Codification -Section 65 -Paragraph 1 -Subparagraph (e)(4) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480175/815-40-65-1
Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 40 -Name Accounting Standards Codification -Section 65 -Paragraph 1 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480175/815-40-65-1
Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 250 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 11 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483443/250-10-50-11
Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 250 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 11 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483443/250-10-50-11
Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Topic 250 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 7 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483443/250-10-50-7
Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482689/260-10-45-2
Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 60B -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482689/260-10-45-60B
Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Topic 250 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483443/250-10-50-4
Reference 15: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-1
Reference 16: http://www.xbrl.org/2003/role/disclosureRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(25)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483621/220-10-S99-2
Reference 17: http://www.xbrl.org/2003/role/disclosureRef -Topic 942 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-04(27)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478524/942-220-S99-1
Reference 18: http://www.xbrl.org/2003/role/disclosureRef -Topic 944 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-04(23)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147477250/944-220-S99-1
Reference 19: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 7 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482689/260-10-45-7
+ Details
Name: |
us-gaap_EarningsPerShareDiluted |
Namespace Prefix: |
us-gaap_ |
Data Type: |
dtr-types:perShareItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionThe aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(4)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483621/220-10-S99-2
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.6-07(2)(a)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479134/946-220-S99-1
+ Details
Name: |
us-gaap_GeneralAndAdministrativeExpense |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- DefinitionAmount, before tax, of income (loss) attributable to parent. Includes, but is not limited to, income (loss) from continuing operations, discontinued operations and equity method investments.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(20)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483621/220-10-S99-2
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482765/220-10-50-6
+ Details
Name: |
us-gaap_IncomeLossAttributableToParent |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- DefinitionAmount of interest income (expense) classified as nonoperating.
+ ReferencesReference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483621/220-10-S99-2
Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22
Reference 3: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 48 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-48
+ Details
Name: |
us-gaap_InterestIncomeExpenseNonoperatingNet |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- DefinitionThe portion of profit or loss for the period, net of income taxes, which is attributable to the parent.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 250 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483443/250-10-50-6
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 250 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 9 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483443/250-10-50-9
Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 805 -SubTopic 60 -Name Accounting Standards Codification -Section 65 -Paragraph 1 -Subparagraph (g) -Publisher FASB -URI https://asc.fasb.org/1943274/2147476176/805-60-65-1
Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 740 -SubTopic 323 -Name Accounting Standards Codification -Section 65 -Paragraph 2 -Subparagraph (g)(3) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478666/740-323-65-2
Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(20)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483621/220-10-S99-2
Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(g)(1)(ii)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1
Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 323 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481687/323-10-50-3
Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 825 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 28 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482907/825-10-50-28
Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482765/220-10-50-6
Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 250 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483443/250-10-50-3
Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Topic 250 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (b)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483443/250-10-50-1
Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 40 -Name Accounting Standards Codification -Section 65 -Paragraph 1 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480175/815-40-65-1
Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Topic 250 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 8 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483443/250-10-50-8
Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Topic 250 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 11 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483443/250-10-50-11
Reference 15: http://www.xbrl.org/2003/role/disclosureRef -Topic 250 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 11 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483443/250-10-50-11
Reference 16: http://www.xbrl.org/2003/role/disclosureRef -Topic 250 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483443/250-10-50-4
Reference 17: http://www.xbrl.org/2003/role/exampleRef -Topic 946 -SubTopic 830 -Name Accounting Standards Codification -Section 55 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479168/946-830-55-10
Reference 18: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 220 -Name Accounting Standards Codification -Section 45 -Paragraph 7 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479105/946-220-45-7
Reference 19: http://www.xbrl.org/2003/role/disclosureRef -Topic 944 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-04(18)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147477250/944-220-S99-1
Reference 20: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.6-07(9)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479134/946-220-S99-1
Reference 21: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 3 -Subparagraph (SX 210.6-09(1)(d)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479134/946-220-S99-3
Reference 22: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(4)(i)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A
Reference 23: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(4)(ii)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A
Reference 24: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(4)(iii)(A)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A
Reference 25: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(4)(iv)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A
Reference 26: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(5)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A
Reference 27: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(4)(i)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B
Reference 28: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(4)(iii)(A)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B
Reference 29: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(4)(iii)(B)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B
Reference 30: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(4)(iv)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B
Reference 31: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(5)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B
Reference 32: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 60B -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482689/260-10-45-60B
Reference 33: http://www.xbrl.org/2003/role/disclosureRef -Topic 205 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 7 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483499/205-20-50-7
Reference 34: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 230 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 28 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482740/230-10-45-28
Reference 35: http://www.xbrl.org/2003/role/disclosureRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 1A -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482790/220-10-45-1A
Reference 36: http://www.xbrl.org/2003/role/disclosureRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 1B -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482790/220-10-45-1B
Reference 37: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 942 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-04(22)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478524/942-220-S99-1
+ Details
Name: |
us-gaap_NetIncomeLoss |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- DefinitionThe aggregate amount of income or expense from ancillary business-related activities (that is to say, excluding major activities considered part of the normal operations of the business).
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(7)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483621/220-10-S99-2
+ Details
Name: |
us-gaap_NonoperatingIncomeExpense |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- References
+ Details
Name: |
us-gaap_NonoperatingIncomeExpenseAbstract |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- References
+ Details
Name: |
us-gaap_OperatingExpensesAbstract |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionThe net result for the period of deducting operating expenses from operating revenues.
+ ReferencesReference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22
Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-32
Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 30 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30
Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 270 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (i) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482964/270-10-50-1
Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (ee) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-32
Reference 6: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-32
Reference 7: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-31
+ Details
Name: |
us-gaap_OperatingIncomeLoss |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- DefinitionAmount, after tax and reclassification adjustment, of gain (loss) in value of unsold investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale), attributable to parent.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 810 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 19 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481231/810-10-45-19
Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 45 -Paragraph 20 -SubTopic 10 -Topic 810 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481231/810-10-45-20
Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 1A -Subparagraph (c)(3) -SubTopic 10 -Topic 810 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481203/810-10-50-1A
+ Details
Name: |
us-gaap_OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- DefinitionAmount after tax and reclassification adjustments of gain (loss) on foreign currency translation adjustments, foreign currency transactions designated and effective as economic hedges of a net investment in a foreign entity and intra-entity foreign currency transactions that are of a long-term-investment nature.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 45 -Paragraph 10A -Subparagraph (a) -SubTopic 10 -Topic 220 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482790/220-10-45-10A
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 944 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-04(19)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147477250/944-220-S99-1
+ Details
Name: |
us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- DefinitionAmount after tax of other comprehensive income (loss) attributable to parent entity.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 810 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 19 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481231/810-10-45-19
Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 45 -Paragraph 20 -SubTopic 10 -Topic 810 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481231/810-10-45-20
Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 1A -Subparagraph (c)(3) -SubTopic 10 -Topic 810 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481203/810-10-50-1A
Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 250 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483443/250-10-50-6
Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 1B -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482790/220-10-45-1B
Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 1A -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482790/220-10-45-1A
+ Details
Name: |
us-gaap_OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- References
+ Details
Name: |
us-gaap_OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParentAbstract |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionAmount of income (expense) related to nonoperating activities, classified as other.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(9)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483621/220-10-S99-2
+ Details
Name: |
us-gaap_OtherNonoperatingIncomeExpense |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- DefinitionAmount of expense for research and development. Includes, but is not limited to, cost for computer software product to be sold, leased, or otherwise marketed and writeoff of research and development assets acquired in transaction other than business combination or joint venture formation or both. Excludes write-down of intangible asset acquired in business combination or from joint venture formation or both, used in research and development activity.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 48 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-48
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 985 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481283/985-20-50-2
Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 730 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482916/730-10-50-1
Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 912 -SubTopic 730 -Name Accounting Standards Codification -Section 25 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479532/912-730-25-1
+ Details
Name: |
us-gaap_ResearchAndDevelopmentExpense |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- DefinitionAmount, excluding tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value added and excise.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 41 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-41
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 270 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (i) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482964/270-10-50-1
Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (ee) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-32
Reference 4: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-32
Reference 5: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-32
Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 924 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SAB Topic 11.L) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479941/924-10-S99-1
Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-5
Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 30 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30
Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 42 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-42
Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 22 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22
Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 40 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-40
Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 22 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22
Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-4
+ Details
Name: |
us-gaap_RevenueFromContractWithCustomerExcludingAssessedTax |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- DefinitionAmount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss).
+ ReferencesReference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 48 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-48
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 41 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-41
Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 270 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (i) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482964/270-10-50-1
Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (ee) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-32
Reference 5: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-32
Reference 6: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-32
Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(g)(1)(ii)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1
Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 323 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481687/323-10-50-3
Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 825 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 28 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482907/825-10-50-28
Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(4)(i)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A
Reference 11: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(4)(ii)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A
Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(4)(iii)(A)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A
Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(4)(iv)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A
Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(5)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A
Reference 15: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(4)(i)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B
Reference 16: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(4)(iii)(A)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B
Reference 17: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(4)(iii)(B)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B
Reference 18: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(4)(iv)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B
Reference 19: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(5)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B
Reference 20: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 30 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30
Reference 21: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 42 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-42
Reference 22: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 22 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22
Reference 23: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 40 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-40
Reference 24: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 22 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22
Reference 25: http://www.xbrl.org/2003/role/disclosureRef -Topic 942 -SubTopic 235 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-05(b)(2)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147477314/942-235-S99-1
Reference 26: http://www.xbrl.org/2003/role/disclosureRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(1)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483621/220-10-S99-2
+ Details
Name: |
us-gaap_Revenues |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- References
+ Details
Name: |
us-gaap_RevenuesAbstract |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionThe average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-1
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 16 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482689/260-10-45-16
+ Details
Name: |
us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:sharesItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionNumber of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-1
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482689/260-10-45-10
+ Details
Name: |
us-gaap_WeightedAverageNumberOfSharesOutstandingBasic |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:sharesItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- References
+ Details
Name: |
us-gaap_WeightedAverageNumberOfSharesOutstandingDilutedDisclosureItemsAbstract |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
v3.25.1
CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS’ EQUITY - USD ($) $ in Thousands |
Total |
Common Stock |
Treasury Stock |
Additional Paid in Capital |
Retained Earnings |
Accumulated Other Comprehensive Income (Loss) |
Beginning balance (in shares) at Dec. 31, 2023 |
|
20,127,000
|
|
|
|
|
Beginning balance at Dec. 31, 2023 |
$ 462,278
|
$ 201
|
$ (110)
|
$ 251,988
|
$ 210,070
|
$ 129
|
Treasury stock, beginning balance (in shares) at Dec. 31, 2023 |
|
|
5,000
|
|
|
|
Increase (Decrease) in Stockholders' Equity [Roll Forward] |
|
|
|
|
|
|
Net income |
14,032
|
|
|
|
14,032
|
|
Other comprehensive income (loss), net of tax |
(4,091)
|
|
|
|
|
(4,091)
|
Common and treasury stock transactions: |
|
|
|
|
|
|
Stock-based compensation |
2,644
|
|
|
2,644
|
|
|
Vesting of equity awards, net of tax withholding (in shares) |
|
127,000
|
|
|
|
|
Vesting of equity awards, net of tax withholding |
(2,862)
|
$ 1
|
|
(2,863)
|
|
|
Cash dividends declared ($0.15 per share) |
(3,018)
|
|
|
|
(3,018)
|
|
Dividend equivalents on restricted stock units |
(198)
|
|
|
|
(198)
|
|
Ending balance (in shares) at Mar. 31, 2024 |
|
20,254,000
|
|
|
|
|
Ending balance at Mar. 31, 2024 |
$ 468,785
|
$ 202
|
$ (110)
|
251,769
|
220,886
|
(3,962)
|
Treasury stock, ending balance (in shares) at Mar. 31, 2024 |
|
|
5,000
|
|
|
|
Beginning balance (in shares) at Dec. 31, 2024 |
20,409,835
|
20,415,000
|
|
|
|
|
Beginning balance at Dec. 31, 2024 |
$ 452,817
|
$ 204
|
$ (110)
|
260,893
|
205,875
|
(14,045)
|
Treasury stock, beginning balance (in shares) at Dec. 31, 2024 |
5,080
|
|
5,000
|
|
|
|
Increase (Decrease) in Stockholders' Equity [Roll Forward] |
|
|
|
|
|
|
Net income |
$ 13,306
|
|
|
|
13,306
|
|
Other comprehensive income (loss), net of tax |
2,502
|
|
|
|
|
2,502
|
Common and treasury stock transactions: |
|
|
|
|
|
|
Stock-based compensation |
2,510
|
|
|
2,510
|
|
|
Vesting of equity awards, net of tax withholding (in shares) |
|
211,000
|
|
|
|
|
Vesting of equity awards, net of tax withholding |
(2,889)
|
$ 2
|
|
(2,891)
|
|
|
Cash dividends declared ($0.15 per share) |
(3,094)
|
|
|
|
(3,094)
|
|
Dividend equivalents on restricted stock units |
$ (102)
|
|
|
|
(102)
|
|
Ending balance (in shares) at Mar. 31, 2025 |
20,620,786
|
20,626,000
|
|
|
|
|
Ending balance at Mar. 31, 2025 |
$ 465,050
|
$ 206
|
$ (110)
|
$ 260,512
|
$ 215,985
|
$ (11,543)
|
Treasury stock, ending balance (in shares) at Mar. 31, 2025 |
5,080
|
|
5,000
|
|
|
|
X |
- DefinitionCommon And Treasury Stock Transactions
+ References
+ Details
Name: |
hsii_CommonAndTreasuryStockTransactionsAbstract |
Namespace Prefix: |
hsii_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionAmount of increase to additional paid-in capital (APIC) for recognition of cost for award under share-based payment arrangement.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 35 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480483/718-10-35-2
Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 718 -SubTopic 20 -Section 55 -Paragraph 13 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481089/718-20-55-13
Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 718 -SubTopic 20 -Section 55 -Paragraph 12 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481089/718-20-55-12
+ Details
Name: |
us-gaap_AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- DefinitionNumber of shares of common stock outstanding. Common stock represent the ownership interest in a corporation.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -SubTopic 10 -Topic 505 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-2
Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(29)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1
Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.6-05(4)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479170/946-210-S99-2
Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 946 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 3 -Subparagraph (SX 210.6-09(4)(b)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479134/946-220-S99-3
Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.6-04(16)(a)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479170/946-210-S99-1
Reference 6: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 946 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 3 -Subparagraph (SX 210.6-09(7)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479134/946-220-S99-3
+ Details
Name: |
us-gaap_CommonStockSharesOutstanding |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:sharesItemType |
Balance Type: |
na |
Period Type: |
instant |
|
X |
- DefinitionAmount of paid and unpaid common stock dividends declared with the form of settlement in cash.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.3-04) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480008/505-10-S99-1
+ Details
Name: |
us-gaap_DividendsCommonStockCash |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- DefinitionAmount of paid and unpaid cash dividends declared for award under share-based payment arrangement.
+ References
+ Details
Name: |
us-gaap_DividendsShareBasedCompensationCash |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- DefinitionA roll forward is a reconciliation of a concept from the beginning of a period to the end of a period.
+ References
+ Details
Name: |
us-gaap_IncreaseDecreaseInStockholdersEquityRollForward |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionThe portion of profit or loss for the period, net of income taxes, which is attributable to the parent.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 250 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483443/250-10-50-6
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 250 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 9 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483443/250-10-50-9
Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 805 -SubTopic 60 -Name Accounting Standards Codification -Section 65 -Paragraph 1 -Subparagraph (g) -Publisher FASB -URI https://asc.fasb.org/1943274/2147476176/805-60-65-1
Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 740 -SubTopic 323 -Name Accounting Standards Codification -Section 65 -Paragraph 2 -Subparagraph (g)(3) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478666/740-323-65-2
Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(20)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483621/220-10-S99-2
Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(g)(1)(ii)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1
Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 323 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481687/323-10-50-3
Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 825 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 28 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482907/825-10-50-28
Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482765/220-10-50-6
Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 250 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483443/250-10-50-3
Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Topic 250 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (b)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483443/250-10-50-1
Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 40 -Name Accounting Standards Codification -Section 65 -Paragraph 1 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480175/815-40-65-1
Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Topic 250 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 8 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483443/250-10-50-8
Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Topic 250 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 11 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483443/250-10-50-11
Reference 15: http://www.xbrl.org/2003/role/disclosureRef -Topic 250 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 11 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483443/250-10-50-11
Reference 16: http://www.xbrl.org/2003/role/disclosureRef -Topic 250 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483443/250-10-50-4
Reference 17: http://www.xbrl.org/2003/role/exampleRef -Topic 946 -SubTopic 830 -Name Accounting Standards Codification -Section 55 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479168/946-830-55-10
Reference 18: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 220 -Name Accounting Standards Codification -Section 45 -Paragraph 7 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479105/946-220-45-7
Reference 19: http://www.xbrl.org/2003/role/disclosureRef -Topic 944 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-04(18)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147477250/944-220-S99-1
Reference 20: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.6-07(9)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479134/946-220-S99-1
Reference 21: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 3 -Subparagraph (SX 210.6-09(1)(d)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479134/946-220-S99-3
Reference 22: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(4)(i)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A
Reference 23: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(4)(ii)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A
Reference 24: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(4)(iii)(A)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A
Reference 25: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(4)(iv)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A
Reference 26: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(5)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A
Reference 27: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(4)(i)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B
Reference 28: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(4)(iii)(A)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B
Reference 29: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(4)(iii)(B)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B
Reference 30: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(4)(iv)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B
Reference 31: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(5)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B
Reference 32: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 60B -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482689/260-10-45-60B
Reference 33: http://www.xbrl.org/2003/role/disclosureRef -Topic 205 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 7 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483499/205-20-50-7
Reference 34: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 230 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 28 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482740/230-10-45-28
Reference 35: http://www.xbrl.org/2003/role/disclosureRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 1A -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482790/220-10-45-1A
Reference 36: http://www.xbrl.org/2003/role/disclosureRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 1B -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482790/220-10-45-1B
Reference 37: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 942 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-04(22)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478524/942-220-S99-1
+ Details
Name: |
us-gaap_NetIncomeLoss |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- DefinitionAmount after tax of other comprehensive income (loss) attributable to parent entity.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 810 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 19 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481231/810-10-45-19
Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 45 -Paragraph 20 -SubTopic 10 -Topic 810 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481231/810-10-45-20
Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 1A -Subparagraph (c)(3) -SubTopic 10 -Topic 810 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481203/810-10-50-1A
Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 250 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483443/250-10-50-6
Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 1B -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482790/220-10-45-1B
Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 1A -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482790/220-10-45-1A
+ Details
Name: |
us-gaap_OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- DefinitionNumber, after forfeiture, of shares or units issued under share-based payment arrangement. Excludes shares or units issued under employee stock ownership plan (ESOP).
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -SubTopic 10 -Topic 505 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-2
Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(28)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1
Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(29)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1
Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.3-04) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480008/505-10-S99-1
+ Details
Name: |
us-gaap_StockIssuedDuringPeriodSharesShareBasedCompensation |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:sharesItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionValue, after forfeiture, of shares issued under share-based payment arrangement. Excludes employee stock ownership plan (ESOP).
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(28)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1
Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(29)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1
Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.3-04) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480008/505-10-S99-1
Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (d)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2
+ Details
Name: |
us-gaap_StockIssuedDuringPeriodValueShareBasedCompensation |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- DefinitionAmount of equity (deficit) attributable to parent. Excludes temporary equity and equity attributable to noncontrolling interest.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(29)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1
Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(30)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1
Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(31)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1
Reference 4: http://www.xbrl.org/2003/role/exampleRef -Topic 852 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481372/852-10-55-10
Reference 5: http://www.xbrl.org/2003/role/exampleRef -Topic 946 -SubTopic 830 -Name Accounting Standards Codification -Section 55 -Paragraph 12 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479168/946-830-55-12
Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.6-04(19)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479170/946-210-S99-1
Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.6-05(4)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479170/946-210-S99-2
Reference 8: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 946 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 3 -Subparagraph (SX 210.6-09(4)(b)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479134/946-220-S99-3
Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 3 -Subparagraph (SX 210.6-09(6)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479134/946-220-S99-3
Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 3 -Subparagraph (SX 210.6-09(7)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479134/946-220-S99-3
Reference 11: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(g)(1)(ii)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1
Reference 12: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 323 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481687/323-10-50-3
Reference 13: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 825 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 28 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482907/825-10-50-28
Reference 14: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 310 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SAB Topic 4.E) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480418/310-10-S99-2
+ Details
Name: |
us-gaap_StockholdersEquity |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
X |
- DefinitionNumber of previously issued common shares repurchased by the issuing entity and held in treasury.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 505 -SubTopic 30 -Section 45 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481549/505-30-45-1
+ Details
Name: |
us-gaap_TreasuryStockCommonShares |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:sharesItemType |
Balance Type: |
na |
Period Type: |
instant |
|
v3.25.1
X |
- DefinitionAggregate dividends declared during the period for each share of common stock outstanding.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.3-04) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480008/505-10-S99-1
+ Details
Name: |
us-gaap_CommonStockDividendsPerShareDeclared |
Namespace Prefix: |
us-gaap_ |
Data Type: |
dtr-types:perShareItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- References
+ Details
Name: |
us-gaap_StatementOfStockholdersEquityAbstract |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
v3.25.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands |
3 Months Ended |
Mar. 31, 2025 |
Mar. 31, 2024 |
Cash flows - operating activities |
|
|
Net income |
$ 13,306
|
$ 14,032
|
Adjustments to reconcile net income to net cash used in operating activities: |
|
|
Depreciation and amortization |
4,847
|
4,790
|
Deferred income taxes |
(1,883)
|
(87)
|
Stock-based compensation expense |
2,510
|
2,644
|
Accretion expense related to earnout payments |
481
|
466
|
Gain on marketable securities |
(948)
|
(539)
|
Loss on disposal of property and equipment |
7
|
14
|
Changes in assets and liabilities: |
|
|
Accounts receivable |
(45,609)
|
(41,125)
|
Accounts payable |
(2,510)
|
(2,069)
|
Accrued expenses |
(199,320)
|
(182,590)
|
Restructuring accrual |
(964)
|
0
|
Deferred revenue |
4,347
|
1,951
|
Income taxes recoverable and payable, net |
1,846
|
4,723
|
Retirement and pension plan assets and liabilities |
6,732
|
5,453
|
Prepaid expenses |
(4,673)
|
(7,991)
|
Other assets and liabilities, net |
(10,393)
|
(3,096)
|
Net cash used in operating activities |
(232,224)
|
(203,424)
|
Cash flows - investing activities |
|
|
Capital expenditures |
(2,734)
|
(6,173)
|
Purchases of marketable securities and investments |
(118,719)
|
(5,400)
|
Proceeds from sales of marketable securities and investments |
48,325
|
66,285
|
Net cash provided by (used in) investing activities |
(73,128)
|
54,712
|
Cash flows - financing activities |
|
|
Debt issuance costs |
(360)
|
0
|
Cash dividends paid |
(3,196)
|
(3,216)
|
Payment of employee tax withholdings on equity transactions |
(2,889)
|
(2,862)
|
Net cash used in financing activities |
(6,445)
|
(6,078)
|
Effect of exchange rate fluctuations on cash, cash equivalents and restricted cash |
8,122
|
(4,997)
|
Net decrease in cash, cash equivalents and restricted cash |
(303,675)
|
(159,787)
|
Cash, cash equivalents and restricted cash at beginning of period |
515,813
|
412,618
|
Cash, cash equivalents and restricted cash at end of period |
$ 212,138
|
$ 252,831
|
X |
- DefinitionAmount recognized for the passage of time, typically for liabilities, that have been discounted to their net present values. Excludes accretion associated with asset retirement obligations.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section 35 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481639/420-10-35-4
Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (b)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482017/420-10-50-1
+ Details
Name: |
us-gaap_AccretionExpense |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- References
+ Details
Name: |
us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionAmount of cash and cash equivalents, and cash and cash equivalents restricted to withdrawal or usage. Excludes amount for disposal group and discontinued operations. Cash includes, but is not limited to, currency on hand, demand deposits with banks or financial institutions, and other accounts with general characteristics of demand deposits. Cash equivalents include, but are not limited to, short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 230 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 8 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482913/230-10-50-8
Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 230 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 24 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482740/230-10-45-24
Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482740/230-10-45-4
+ Details
Name: |
us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
instant |
|
X |
- DefinitionAmount of increase (decrease) in cash, cash equivalents, and cash and cash equivalents restricted to withdrawal or usage; including effect from exchange rate change. Cash includes, but is not limited to, currency on hand, demand deposits with banks or financial institutions, and other accounts with general characteristics of demand deposits. Cash equivalents include, but are not limited to, short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 230 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 24 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482740/230-10-45-24
Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 45 -Paragraph 1 -SubTopic 230 -Topic 830 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477401/830-230-45-1
+ Details
Name: |
us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- DefinitionThe aggregate expense recognized in the current period that allocates the cost of tangible assets, intangible assets, or depleting assets to periods that benefit from use of the assets.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 45 -Paragraph 28 -Subparagraph (b) -SubTopic 10 -Topic 230 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482740/230-10-45-28
Reference 2: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 48 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-48
Reference 3: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 49 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-49
Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 270 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (i) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482964/270-10-50-1
Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (ee) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-32
Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 22 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22
+ Details
Name: |
us-gaap_DepreciationDepletionAndAmortization |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- DefinitionAmount of increase (decrease) from effect of exchange rate changes on cash and cash equivalents, and cash and cash equivalents restricted to withdrawal or usage; held in foreign currencies. Excludes amounts for disposal group and discontinued operations. Cash includes, but is not limited to, currency on hand, demand deposits with banks or financial institutions, and other accounts with general characteristics of demand deposits. Cash equivalents include, but are not limited to, short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 830 -SubTopic 230 -Name Accounting Standards Codification -Section 45 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477401/830-230-45-1
+ Details
Name: |
us-gaap_EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- DefinitionAmount of gain (loss) on sale or disposal of assets, including but not limited to property plant and equipment, intangible assets and equity in securities of subsidiaries or equity method investee.
+ ReferencesReference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 230 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 28 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482740/230-10-45-28
+ Details
Name: |
us-gaap_GainLossOnDispositionOfAssets1 |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- DefinitionAmount of realized and unrealized gain (loss) on investment.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(9)(a)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483621/220-10-S99-2
Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(7)(c)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483621/220-10-S99-2
Reference 3: http://www.xbrl.org/2003/role/recommendedDisclosureRef -Topic 230 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 28 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482740/230-10-45-28
+ Details
Name: |
us-gaap_GainLossOnInvestments |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- DefinitionThe increase (decrease) during the reporting period in the aggregate amount of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 45 -Paragraph 28 -Subparagraph (a) -SubTopic 10 -Topic 230 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482740/230-10-45-28
+ Details
Name: |
us-gaap_IncreaseDecreaseInAccountsPayable |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- DefinitionThe increase (decrease) during the reporting period in amount due within one year (or one business cycle) from customers for the credit sale of goods and services.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 45 -Paragraph 28 -Subparagraph (a) -SubTopic 10 -Topic 230 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482740/230-10-45-28
+ Details
Name: |
us-gaap_IncreaseDecreaseInAccountsReceivable |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- DefinitionThe increase (decrease) during the reporting period in the aggregate amount of expenses incurred but not yet paid.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 45 -Paragraph 28 -Subparagraph (a) -SubTopic 10 -Topic 230 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482740/230-10-45-28
+ Details
Name: |
us-gaap_IncreaseDecreaseInAccruedLiabilities |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- DefinitionAmount of increase (decrease) in deferred income and obligation to transfer product and service to customer for which consideration has been received or is receivable.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/exampleRef -Name Accounting Standards Codification -Section 45 -Paragraph 28 -Subparagraph (a) -SubTopic 10 -Topic 230 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482740/230-10-45-28
+ Details
Name: |
us-gaap_IncreaseDecreaseInDeferredRevenue |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- References
+ Details
Name: |
us-gaap_IncreaseDecreaseInOperatingCapitalAbstract |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionAmount of increase (decrease) in operating assets after deduction of operating liabilities classified as other.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 45 -Paragraph 28 -Subparagraph (a) -SubTopic 10 -Topic 230 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482740/230-10-45-28
+ Details
Name: |
us-gaap_IncreaseDecreaseInOtherOperatingCapitalNet |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- DefinitionAmount of increase (decrease) in obligation for pension benefits. Includes, but is not limited to, defined benefit or defined contribution plans. Excludes other postretirement benefits.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 45 -Paragraph 28 -Subparagraph (a) -SubTopic 10 -Topic 230 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482740/230-10-45-28
+ Details
Name: |
us-gaap_IncreaseDecreaseInPensionPlanObligations |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- DefinitionThe increase (decrease) during the reporting period in the amount of outstanding money paid in advance for goods or services that bring economic benefits for future periods.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 45 -Paragraph 28 -Subparagraph (a) -SubTopic 10 -Topic 230 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482740/230-10-45-28
+ Details
Name: |
us-gaap_IncreaseDecreaseInPrepaidExpense |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- DefinitionThe increase (decrease) during the period in the carrying amount (including both current and noncurrent portions of the accrual) of the liability pertaining to the exit from or disposal of business activities or restructuring pursuant to a duly authorized plan, excluding costs or losses pertaining to an entity newly acquired in a business combination and to asset retirement obligations.
+ ReferencesReference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 230 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 28 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482740/230-10-45-28
+ Details
Name: |
us-gaap_IncreaseDecreaseInRestructuringReserve |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- DefinitionAmount of cash inflow (outflow) from financing activities, including discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 230 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 24 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482740/230-10-45-24
+ Details
Name: |
us-gaap_NetCashProvidedByUsedInFinancingActivities |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- References
+ Details
Name: |
us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionAmount of cash inflow (outflow) from investing activities, including discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 230 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 24 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482740/230-10-45-24
+ Details
Name: |
us-gaap_NetCashProvidedByUsedInInvestingActivities |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- References
+ Details
Name: |
us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionAmount of cash inflow (outflow) from operating activities, including discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 230 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 28 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482740/230-10-45-28
Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 230 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 24 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482740/230-10-45-24
Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 230 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482740/230-10-45-25
+ Details
Name: |
us-gaap_NetCashProvidedByUsedInOperatingActivities |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- References
+ Details
Name: |
us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionThe portion of profit or loss for the period, net of income taxes, which is attributable to the parent.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 250 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483443/250-10-50-6
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 250 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 9 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483443/250-10-50-9
Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 805 -SubTopic 60 -Name Accounting Standards Codification -Section 65 -Paragraph 1 -Subparagraph (g) -Publisher FASB -URI https://asc.fasb.org/1943274/2147476176/805-60-65-1
Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 740 -SubTopic 323 -Name Accounting Standards Codification -Section 65 -Paragraph 2 -Subparagraph (g)(3) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478666/740-323-65-2
Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(20)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483621/220-10-S99-2
Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(g)(1)(ii)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1
Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 323 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481687/323-10-50-3
Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 825 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 28 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482907/825-10-50-28
Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482765/220-10-50-6
Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 250 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483443/250-10-50-3
Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Topic 250 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (b)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483443/250-10-50-1
Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 40 -Name Accounting Standards Codification -Section 65 -Paragraph 1 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480175/815-40-65-1
Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Topic 250 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 8 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483443/250-10-50-8
Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Topic 250 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 11 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483443/250-10-50-11
Reference 15: http://www.xbrl.org/2003/role/disclosureRef -Topic 250 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 11 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483443/250-10-50-11
Reference 16: http://www.xbrl.org/2003/role/disclosureRef -Topic 250 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483443/250-10-50-4
Reference 17: http://www.xbrl.org/2003/role/exampleRef -Topic 946 -SubTopic 830 -Name Accounting Standards Codification -Section 55 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479168/946-830-55-10
Reference 18: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 220 -Name Accounting Standards Codification -Section 45 -Paragraph 7 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479105/946-220-45-7
Reference 19: http://www.xbrl.org/2003/role/disclosureRef -Topic 944 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-04(18)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147477250/944-220-S99-1
Reference 20: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.6-07(9)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479134/946-220-S99-1
Reference 21: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 3 -Subparagraph (SX 210.6-09(1)(d)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479134/946-220-S99-3
Reference 22: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(4)(i)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A
Reference 23: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(4)(ii)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A
Reference 24: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(4)(iii)(A)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A
Reference 25: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(4)(iv)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A
Reference 26: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(5)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A
Reference 27: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(4)(i)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B
Reference 28: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(4)(iii)(A)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B
Reference 29: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(4)(iii)(B)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B
Reference 30: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(4)(iv)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B
Reference 31: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(5)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B
Reference 32: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 60B -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482689/260-10-45-60B
Reference 33: http://www.xbrl.org/2003/role/disclosureRef -Topic 205 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 7 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483499/205-20-50-7
Reference 34: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 230 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 28 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482740/230-10-45-28
Reference 35: http://www.xbrl.org/2003/role/disclosureRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 1A -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482790/220-10-45-1A
Reference 36: http://www.xbrl.org/2003/role/disclosureRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 1B -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482790/220-10-45-1B
Reference 37: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 942 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-04(22)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478524/942-220-S99-1
+ Details
Name: |
us-gaap_NetIncomeLoss |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- DefinitionThe cash outflow paid to third parties in connection with debt origination, which will be amortized over the remaining maturity period of the associated long-term debt.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 15 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482740/230-10-45-15
+ Details
Name: |
us-gaap_PaymentsOfDebtIssuanceCosts |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- DefinitionCash outflow in the form of capital distributions and dividends to common shareholders, preferred shareholders and noncontrolling interests.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 230 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 15 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482740/230-10-45-15
+ Details
Name: |
us-gaap_PaymentsOfDividends |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- DefinitionAmount of cash outflow to acquire investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale).
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 11 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481830/320-10-45-11
Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 13 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482740/230-10-45-13
Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 230 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 11 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482740/230-10-45-11
+ Details
Name: |
us-gaap_PaymentsToAcquireAvailableForSaleSecuritiesDebt |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- DefinitionThe cash outflow associated with the acquisition of long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale; includes cash outflows to pay for construction of self-constructed assets.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 230 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 13 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482740/230-10-45-13
+ Details
Name: |
us-gaap_PaymentsToAcquirePropertyPlantAndEquipment |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- DefinitionAmount of cash inflow from sale of investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale).
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 11 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481830/320-10-45-11
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 9 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481800/320-10-50-9
Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 12 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482740/230-10-45-12
Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 230 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 11 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482740/230-10-45-11
+ Details
Name: |
us-gaap_ProceedsFromSaleOfAvailableForSaleSecuritiesDebt |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- DefinitionAmount of noncash expense for share-based payment arrangement.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 45 -Paragraph 28 -Subparagraph (a) -SubTopic 10 -Topic 230 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482740/230-10-45-28
+ Details
Name: |
us-gaap_ShareBasedCompensation |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
v3.25.1
Basis of Presentation of Interim Financial Information
|
3 Months Ended |
Mar. 31, 2025 |
Organization, Consolidation and Presentation of Financial Statements [Abstract] |
|
Basis of Presentation of Interim Financial Information |
Basis of Presentation of Interim Financial Information The accompanying unaudited Condensed Consolidated Financial Statements of Heidrick & Struggles International, Inc. and subsidiaries (the "Company") have been prepared pursuant to the rules and regulations of the U.S. Securities and Exchange Commission ("SEC"). The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenue and expenses. Significant items subject to estimates and assumptions include revenue recognition, allowances for deferred tax assets and liabilities, interim effective tax rates, contingent consideration liabilities, and the assessment of goodwill for impairment. Estimates are subject to a degree of uncertainty and actual results could differ from these estimates. In the opinion of management, all adjustments necessary to fairly present the financial position of the Company at March 31, 2025, and December 31, 2024, the results of operations for the three months ended March 31, 2025, and 2024, and its cash flows for the three months ended March 31, 2025, and 2024, have been included and are of a normal, recurring nature except as otherwise disclosed. These financial statements and notes are to be read in conjunction with the Company’s Consolidated Financial Statements and Notes thereto included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2024, as filed with the SEC on March 3, 2025.
|
X |
- References
+ Details
Name: |
us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionThe entire disclosure for organization, consolidation and basis of presentation of financial statements disclosure.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480424/946-10-50-1
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480424/946-10-50-2
Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 810 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/810/tableOfContent
Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 205 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/205/tableOfContent
+ Details
Name: |
us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsDisclosureTextBlock |
Namespace Prefix: |
us-gaap_ |
Data Type: |
dtr-types:textBlockItemType |
Balance Type: |
na |
Period Type: |
duration |
|
v3.25.1
Summary of Significant Accounting Policies
|
3 Months Ended |
Mar. 31, 2025 |
Accounting Policies [Abstract] |
|
Summary of Significant Accounting Policies |
Summary of Significant Accounting Policies A complete listing of the Company’s significant accounting policies is discussed in Note 2, Summary of Significant Accounting Policies, in the Notes to Consolidated Financial Statements included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2024.
Revenue Recognition
See Note 3, Revenue.
Cost of Services
Cost of services consists of contractor costs related to the delivery of various services in the Company's On-Demand Talent and Heidrick Consulting operating segments.
Research and Development
Research and development expense consists of payroll, employee benefits, stock-based compensation, other employee expenses and third-party professional fees associated with new product development.
Marketable Securities
The Company’s marketable securities consist of available-for-sale debt securities with original maturities exceeding three months. Restricted Cash
The following table provides a reconciliation of the cash and cash equivalents between the Condensed Consolidated Balance Sheets and the Condensed Consolidated Statements of Cash Flows as of March 31, 2025, and 2024, and December 31, 2024, and 2023, respectively: | | | | | | | | | | | | | | | | | | | | | | | | | March 31, | | December 31, | | 2025 | | 2024 | | 2024 | | 2023 | Cash and cash equivalents | $ | 211,944 | | | $ | 252,831 | | | $ | 515,627 | | | $ | 412,618 | | | | | | | | | | Restricted cash included within other non-current assets | 194 | | | — | | | 186 | | | — | | Total cash, cash equivalents and restricted cash | $ | 212,138 | | | $ | 252,831 | | | $ | 515,813 | | | $ | 412,618 | |
Earnings per Common Share
Basic earnings per common share are computed by dividing net income by weighted average common shares outstanding for the period. Diluted earnings per share reflect the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted. Common equivalent shares are excluded from the determination of diluted earnings per share in periods in which they have an anti-dilutive effect.
The following table sets forth the computation of basic and diluted earnings per share: | | | | | | | | | | | | | | | | | | | | | Three Months Ended March 31, | | | | | 2025 | | 2024 | | | | | Net income | | $ | 13,306 | | | $ | 14,032 | | | | | | Weighted average shares outstanding: | | | | | | | | | Basic | | 20,464 | | | 20,144 | | | | | | Effect of dilutive securities: | | | | | | | | | Restricted stock units | | 562 | | | 593 | | | | | | Performance stock units | | 292 | | | 303 | | | | | | Diluted | | 21,318 | | | 21,040 | | | | | | Basic earnings per share | | $ | 0.65 | | | $ | 0.70 | | | | | | Diluted earnings per share | | $ | 0.62 | | | $ | 0.67 | | | | | |
Leases
The Company determines if an arrangement is a lease at inception. Operating leases are included in Operating lease right-of-use assets, Current liabilities - Operating lease liabilities and Non-current liabilities - Operating lease liabilities in the Company's Condensed Consolidated Balance Sheets. The Company does not have any leases that meet the finance lease criteria.
Right-of-use assets represent the Company's right to use an underlying asset for the lease term and lease liabilities represent the Company's obligation to make lease payments arising from the lease. Operating lease right-of-use assets and liabilities are recognized on the commencement date based on the present value of lease payments over the lease term. As most of the Company's leases do not provide an implicit rate, an incremental borrowing rate based on the information available at the commencement date is used in determining the present value of lease payments. The operating lease right-of-use asset also includes any lease payments made in advance and any accrued rent expense balances. Lease terms may include options to extend or terminate the lease when it is reasonably certain that the option will be exercised. Lease expense for lease payments is recognized on a straight-line basis over the lease term.
The Company has lease agreements with lease and non-lease components. For office leases, the Company accounts for the lease and non-lease components as a single lease component. For equipment leases, such as vehicles and office equipment, the Company accounts for the lease and non-lease components separately. Goodwill
Goodwill represents the difference between the purchase price of acquired businesses and the related fair value of the net assets acquired, which is accounted for by the acquisition method of accounting. The Company performs assessments of the carrying value of its goodwill at least annually and whenever events occur or circumstances indicate that a carrying amount of goodwill may not be recoverable. These circumstances include a significant change in business climate, attrition of key personnel, changes in financial condition or results of operations, prolonged decline in the Company’s stock price and market capitalization, competition, and other factors.
The goodwill impairment test compares the fair value of a reporting unit to its carrying amount, including goodwill. The Company operates five reporting units: Americas, Europe (which includes Africa), Asia Pacific (which includes the Middle East), On-Demand Talent and Heidrick Consulting. The fair value of each of the Company’s reporting units is determined using a discounted cash flow methodology. An impairment charge is recognized for the amount by which the carrying value of the reporting unit exceeds its fair value; however, the loss recognized is not to exceed the total amount of goodwill allocated to that reporting unit.
Recently Issued Financial Accounting Standards
In December 2023, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") No. 2023-09, "Income Taxes (Topic 740): Improvements to Income Tax Disclosures." The standard is intended to expand the disclosure requirements for income taxes, specifically related to the rate reconciliation and income taxes paid. The guidance is effective for annual periods beginning after December 15, 2024, with early adoption permitted. The Company is currently evaluating the impact of this guidance on its financial statements.
In November 2024, the FASB issued ASU No. 2024-03 "Income Statement—Reporting Comprehensive Income—Expense Disaggregation Disclosures (Subtopic 220-40)." The standard requires public companies to disclose, in the notes to financial statements, specified information about certain costs and expenses at each interim and annual reporting period. The amendment in this update is effective for annual reporting periods beginning after December 15, 2026, and interim reporting periods beginning after December 15, 2027. The Company is currently evaluating the impact of this guidance on its financial statements.
|
X |
- References
+ Details
Name: |
us-gaap_AccountingPoliciesAbstract |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionThe entire disclosure for the basis of presentation and significant accounting policies concepts. Basis of presentation describes the underlying basis used to prepare the financial statements (for example, US Generally Accepted Accounting Principles, Other Comprehensive Basis of Accounting, IFRS). Accounting policies describe all significant accounting policies of the reporting entity.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 235 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/235/tableOfContent
+ Details
Name: |
us-gaap_BasisOfPresentationAndSignificantAccountingPoliciesTextBlock |
Namespace Prefix: |
us-gaap_ |
Data Type: |
dtr-types:textBlockItemType |
Balance Type: |
na |
Period Type: |
duration |
|
v3.25.1
Revenue
|
3 Months Ended |
Mar. 31, 2025 |
Revenue from Contract with Customer [Abstract] |
|
Revenue |
Revenue Executive Search
Revenue is recognized as performance obligations are satisfied by transferring a good or service to a client. Generally, each executive search contract contains one performance obligation which is the process of identifying potentially qualified candidates for a specific client position. In most contracts, the transaction price includes both fixed and variable consideration. Fixed consideration is comprised of a retainer, equal to approximately one-third of the estimated first year compensation for the position to be filled, and indirect expenses, equal to a specified percentage of the retainer, as defined in the contract. The Company generally bills clients for the retainer and indirect expenses in one-third increments over a three-month period commencing in the month of a client’s acceptance of the contract. If actual compensation of a placed candidate exceeds the original compensation estimate, the Company is often authorized to bill the client for one-third of the excess compensation. The Company refers to this additional billing as uptick revenue. In most contracts, variable consideration is comprised of uptick revenue and direct expenses. The Company bills its clients for uptick revenue upon completion of the executive search, and direct expenses are billed as incurred.
The Company estimates uptick revenue at contract inception, based on a portfolio approach, utilizing the expected value method based on a historical analysis of uptick revenue realized in the Company’s geographic regions and industry practices, and initially records a contract’s uptick revenue in an amount that is probable not to result in a significant reversal of cumulative revenue recognized when the actual amount of uptick revenue for the contract is known. Differences between the estimated and actual amounts of variable consideration are recorded when known. The Company does not estimate revenue for direct expenses as it is not materially different than recognizing revenue as direct expenses are incurred.
Revenue from executive search engagement performance obligations is recognized over time as clients simultaneously receive and consume the benefits provided by the Company's performance. Revenue from executive search engagements is recognized over the expected average period of performance, in proportion to the estimated personnel time incurred to fulfill the obligations under the executive search contract. Revenue is generally recognized over a period of approximately six months. The Company's executive search contracts contain a replacement guarantee which provides for an additional search to be completed, free of charge except for expense reimbursements, should the candidate presented by the Company be hired by the client and subsequently terminated by the client for performance reasons within a specified period of time. The replacement guarantee is an assurance warranty, which is not a performance obligation under the terms of the executive search contract, as the Company does not provide any services under the terms of the guarantee that transfer benefits to the client in excess of assuring that the identified candidate complies with the agreed-upon specifications. The Company accounts for the replacement guarantee under the relevant warranty guidance in Accounting Standards Codification 460 - Guarantees.
On-Demand Talent
The Company enters into contracts with clients that outline the general terms and conditions of the assignment to provide on-demand consultants for various types of consulting projects, which consultants may be independent contractors or temporary employees. The consideration the Company expects to receive under each contract is dependent on the time-based fees specified in the contract. Revenue from on-demand engagement performance obligations is recognized over time as clients simultaneously receive and consume the benefits provided by the Company's performance. The Company has applied the practical expedient to recognize revenue for these services in the amount to which the Company has a right to invoice the client, as this amount corresponds directly with the value provided to the client for the performance completed to date. For transactions where a third-party contractor is involved in providing the services to the client, the Company reports the revenue and the related direct costs on a gross basis as it has determined that it is the principal in the transaction. The Company is primarily responsible for fulfilling the promise to provide consulting services to its clients and the Company has discretion in establishing the prices charged to clients for the consulting services and is able to contractually obligate the independent service provider to deliver services and deliverables that the Company has agreed to provide to its clients.
Heidrick Consulting
Revenue is recognized as performance obligations are satisfied by transferring a good or service to a client. Heidrick Consulting enters into contracts with clients that outline the general terms and conditions of the assignment to provide succession planning, executive assessment, top team and board effectiveness and culture shaping programs. The consideration the Company expects to receive under each contract is generally fixed. Most of the Company's consulting contracts contain one performance obligation, which is the overall process of providing the consulting service requested by the client. The majority of our consulting revenue is recognized over time utilizing input methods. Revenue recognition over time for the majority of our consulting engagements is measured by total cost or time incurred as a percentage of the total estimated cost or time on the consulting engagement. Contract Balances
Contract assets and liabilities are reported in a net position on a contract-by-contract basis at the end of each reporting period. Contract assets and liabilities are classified as current due to the nature of the Company's contracts, which are completed within one year. Contract assets are included within Other current assets on the Condensed Consolidated Balance Sheets.
Unbilled receivables: Unbilled receivables represents contract assets from revenue recognized over time in excess of the amount billed to the client and the amount billed to the client is solely dependent upon the passage of time. This amount includes revenue recognized in excess of billed Executive Search retainers, Heidrick Consulting fees, and On-Demand Talent fees.
Contract assets: Contract assets represent revenue recognized over time in excess of the amount billed to the client, and the amount billed to the client is not solely subject to the passage of time. This amount primarily includes revenue recognized for upticks and contingent placement fees in executive search contracts.
Deferred revenue: Contract liabilities consist of deferred revenue, which is equal to billings in excess of revenue recognized. The following table outlines the changes in the contract asset and liability balances from December 31, 2024, to March 31, 2025: | | | | | | | | | | | | | | | | | | | March 31, 2025 | | December 31, 2024 | | Change | Contract assets | | | | | | Unbilled receivables, net | $ | 21,302 | | | $ | 17,610 | | | $ | 3,692 | | Contract assets | 18,581 | | | 15,540 | | | 3,041 | | Total contract assets | 39,883 | | | 33,150 | | | 6,733 | | | | | | | | Contract liabilities | | | | | | Deferred revenue | $ | 55,957 | | | $ | 51,085 | | | $ | 4,872 | |
Contract assets were recorded within Current Assets - Other current assets in the Condensed Consolidated Balance Sheets at both March 31, 2025 and December 31, 2024.
During the three months ended March 31, 2025, the Company recognized revenue of $37.0 million that was included in the contract liabilities balance at the beginning of the period. The amount of revenue recognized during the three months ended March 31, 2025, from performance obligations partially satisfied in previous periods as a result of changes in the estimates of variable consideration was $11.4 million. Each of the Company's contracts has an expected duration of one year or less. Accordingly, the Company has elected to utilize the available practical expedient related to the disclosure of the transaction price allocated to the remaining performance obligations under its contracts. The Company has also elected the available practical expedients related to adjusting for the effects of a significant financing component and the capitalization of contract acquisition costs. The Company charges and collects from its clients sales tax and value added taxes as required by certain jurisdictions. The Company has made an accounting policy election to exclude these items from the transaction price in its contracts.
|
X |
- References
+ Details
Name: |
us-gaap_RevenueFromContractWithCustomerAbstract |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionThe entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 9 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-9
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-10
Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-15
Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12
Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12
Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12
Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12
Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12
Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Subparagraph (b)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-13
Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Topic 606 -Publisher FASB -URI https://asc.fasb.org/606/tableOfContent
+ Details
Name: |
us-gaap_RevenueFromContractWithCustomerTextBlock |
Namespace Prefix: |
us-gaap_ |
Data Type: |
dtr-types:textBlockItemType |
Balance Type: |
na |
Period Type: |
duration |
|
v3.25.1
Credit Losses
|
3 Months Ended |
Mar. 31, 2025 |
Credit Loss [Abstract] |
|
Credit Losses |
Credit Losses The Company is exposed to credit losses primarily through the provision of its executive search, consulting, and on-demand talent services. The Company’s expected credit loss allowance methodology for accounts receivable is developed using historical collection experience, current and future economic and market conditions and a review of the current status of clients' trade accounts receivables. Due to the short-term nature of such receivables, the estimate of the amount of accounts receivable that may not be collected is primarily based on historical loss-rate experience. When required, the Company adjusts the loss-rate methodology to account for current conditions and reasonable and supportable expectations of future economic and market conditions. The Company generally assesses future economic conditions for a period of sixty to ninety days, which corresponds with the contractual life of its accounts receivables. Additionally, specific allowance amounts are established to record the appropriate provision for clients that have a higher probability of default. The Company’s monitoring activities include timely account reconciliation, dispute resolution, payment confirmation, consideration of clients' financial condition and macroeconomic conditions. Balances are written off when determined to be uncollectible.
The activity in the allowance for credit losses on the Company's trade receivables is as follows: | | | | | | Balance at December 31, 2024 | $ | 7,296 | | Provision for credit losses | 1,963 | | Write-offs | (912) | | Foreign currency translation | 86 | | Balance at March 31, 2025 | $ | 8,433 | |
There were no investments with unrealized losses at March 31, 2025, and December 31, 2024.
|
X |
- References
+ Details
Name: |
us-gaap_CreditLossAbstract |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionThe entire disclosure for claims held for amounts due to entity, excluding financing receivables. Examples include, but are not limited to, trade accounts receivables, notes receivables, loans receivables. Includes disclosure for allowance for credit losses.
+ ReferencesReference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 310 -SubTopic 10 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/310-10/tableOfContent
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 835 -SubTopic 30 -Name Accounting Standards Codification -Section 45 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482925/835-30-45-2
+ Details
Name: |
us-gaap_LoansNotesTradeAndOtherReceivablesDisclosureTextBlock |
Namespace Prefix: |
us-gaap_ |
Data Type: |
dtr-types:textBlockItemType |
Balance Type: |
na |
Period Type: |
duration |
|
v3.25.1
Property and Equipment, net
|
3 Months Ended |
Mar. 31, 2025 |
Property, Plant and Equipment [Abstract] |
|
Property and Equipment, net |
Property and Equipment, net The components of the Company’s property and equipment are as follows: | | | | | | | | | | | | | | | | | March 31, 2025 | | December 31, 2024 | Leasehold improvements | | $ | 51,000 | | | $ | 49,744 | | Office furniture, fixtures and equipment | | 14,926 | | | 14,384 | | Computer equipment and software | | 49,593 | | | 47,649 | | Property and equipment, gross | | 115,519 | | | 111,777 | | Accumulated depreciation | | (63,581) | | | (60,092) | | Property and equipment, net | | $ | 51,938 | | | $ | 51,685 | |
Depreciation expense for the three months ended March 31, 2025, and 2024, was $3.2 million and $2.5 million, respectively.
|
X |
- References
+ Details
Name: |
us-gaap_PropertyPlantAndEquipmentAbstract |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionThe entire disclosure for long-lived, physical asset used in normal conduct of business and not intended for resale. Includes, but is not limited to, work of art, historical treasure, and similar asset classified as collections.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 360 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/360/tableOfContent
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 6 -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477798/958-360-50-6
Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (d) -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477798/958-360-50-1
Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 7 -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477798/958-360-50-7
+ Details
Name: |
us-gaap_PropertyPlantAndEquipmentDisclosureTextBlock |
Namespace Prefix: |
us-gaap_ |
Data Type: |
dtr-types:textBlockItemType |
Balance Type: |
na |
Period Type: |
duration |
|
v3.25.1
Leases
|
3 Months Ended |
Mar. 31, 2025 |
Leases [Abstract] |
|
Leases |
Leases The Company's lease portfolio is comprised of operating leases for office space and equipment. The majority of the Company's leases include both lease and non-lease components, which the Company accounts for differently depending on the underlying class of asset. Certain of the Company's leases include one or more options to renew or terminate the lease at the Company's discretion. Generally, the renewal and termination options are not included in the right-of-use assets and lease liabilities as they are not reasonably certain of exercise. The Company regularly evaluates the renewal and termination options and, when they are reasonably certain of exercise, includes the renewal or termination option in the lease term.
As most of the Company's leases do not provide an implicit interest rate, the Company utilizes an incremental borrowing rate based on the information available at the commencement date of the lease in determining the present value of lease payments. The Company has a centrally managed treasury function and, therefore, a portfolio approach is applied in determining the incremental borrowing rate. The incremental borrowing rate is the rate of interest that the Company would have to pay to borrow on a fully collateralized basis over a similar term in an amount equal to the total lease payments in a similar economic environment.
As of March 31, 2025, office leases have remaining lease terms that range from less than one year to 10.9 years, some of which also include options to extend or terminate the lease. Most office leases contain both fixed and variable lease payments. Variable lease costs consist primarily of rent escalations based on an established index or rate and taxes, insurance, and common area or other maintenance costs, which are paid based on actual costs incurred by the lessor. The Company has elected to utilize the available practical expedient to not separate lease and non-lease components for office leases.
As of March 31, 2025, equipment leases, which are comprised of vehicle and office equipment leases, have remaining terms that range from less than one year to 4.5 years, some of which also include options to extend or terminate the lease. The Company's equipment leases do not contain variable lease payments. The Company separates the lease and non-lease components for its equipment leases. Equipment leases do not comprise a significant portion of the Company's lease portfolio. Lease cost components included within Operating expenses - General and administrative expenses in the Condensed Consolidated Statements of Comprehensive Income were as follows: | | | | | | | | | | | | | | | | | | | | | Three Months Ended March 31, | | | | | 2025 | | 2024 | | | | | Operating lease cost | | $ | 5,122 | | | $ | 5,637 | | | | | | Variable lease cost | | 2,270 | | | $ | 2,455 | | | | | | Total lease cost | | $ | 7,392 | | | $ | 8,092 | | | | | |
Supplemental cash flow information related to the Company's operating leases is as follows for the three months ended March 31: | | | | | | | | | | | | | | | | | 2025 | | 2024 | Cash paid for amounts included in the measurement of lease liabilities: | | | | | Operating cash flows from operating leases | | $ | 4,520 | | | $ | 5,539 | | Right-of-use assets obtained in exchange for lease obligations: | | | | | Operating leases | | $ | 967 | | | $ | 3,993 | |
The weighted average remaining lease term and weighted average discount rate for operating leases as of March 31, are as follows: | | | | | | | | | | | | | | | | | 2025 | | 2024 | Weighted Average Remaining Lease Term | | | | | Operating leases | | 7.5 years | | 7.3 years | Weighted Average Discount Rate | | | | | Operating leases | | 5.20 | % | | 4.92 | % |
The future maturities of the Company's operating lease liabilities as of March 31, 2025, for the years ended December 31, are as follows: | | | | | | | Operating Lease Maturity | 2025 | $ | 13,495 | | 2026 | 17,550 | | 2027 | 17,376 | | 2028 | 14,977 | | 2029 | 13,420 | | Thereafter | 46,484 | | Total lease payments | 123,302 | | Less: Interest | 23,214 | | Present value of lease liabilities | $ | 100,088 | |
|
X |
- References
+ Details
Name: |
us-gaap_LeasesAbstract |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionThe entire disclosure for operating leases of lessee. Includes, but is not limited to, description of operating lease and maturity analysis of operating lease liability.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/842-20/tableOfContent
+ Details
Name: |
us-gaap_LesseeOperatingLeasesTextBlock |
Namespace Prefix: |
us-gaap_ |
Data Type: |
dtr-types:textBlockItemType |
Balance Type: |
na |
Period Type: |
duration |
|
v3.25.1
Financial Instruments and Fair Value
|
3 Months Ended |
Mar. 31, 2025 |
Fair Value Disclosures [Abstract] |
|
Financial Instruments and Fair Value |
Financial Instruments and Fair Value Cash, Cash Equivalents and Marketable Securities
The Company's investments in marketable debt securities, which consist of U.S. Treasury bills, are classified and accounted for as available-for-sale. The Company classifies its marketable debt securities as either short-term or long-term based on each instrument's underlying contractual maturity date. Unrealized gains and losses on marketable debt securities classified as available-for-sale are recognized in Accumulated other comprehensive income (loss) in the Condensed Consolidated Balance Sheets until realized. The Company's cash, cash equivalents, and marketable securities by significant investment category are as follows: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Amortized Cost | | Unrealized Gains | | | | Fair Value | | Cash and Cash Equivalents | | Marketable Securities | Balance at March 31, 2025 | | | | | | | | | | | | Cash | | | | | | | | | $ | 179,237 | | | $ | — | | | | | | | | | | | | | | Level 1(1): | | | | | | | | | | | | Money market funds | | | | | | | | | 32,707 | | | — | | U.S. Treasury securities | $ | 112,700 | | | $ | 15 | | | | | $ | 112,715 | | | — | | | 112,715 | | Total Level 1 | 112,700 | | | 15 | | | | | 112,715 | | | 32,707 | | | 112,715 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Total | $ | 112,700 | | | $ | 15 | | | | | $ | 112,715 | | | $ | 211,944 | | | $ | 112,715 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Amortized Cost | | Unrealized Gains | | | | Fair Value | | Cash and Cash Equivalents | | Marketable Securities | Balance at December 31, 2024 | | | | | | | | | | | | Cash | | | | | | | | | $ | 256,638 | | | $ | — | | | | | | | | | | | | | | Level 1(1): | | | | | | | | | | | | Money market funds | | | | | | | | | 36,781 | | | — | | U.S. Treasury securities | $ | 270,050 | | | $ | 54 | | | | | $ | 270,104 | | | 222,208 | | | 47,896 | | Total Level 1 | 270,050 | | | 54 | | | | | 270,104 | | | 258,989 | | | 47,896 | | | | | | | | | | | | | | Total | $ | 270,050 | | | $ | 54 | | | | | $ | 270,104 | | | $ | 515,627 | | | $ | 47,896 | |
(1)Level 1 – Quoted prices in active markets for identical assets and liabilities.
Investments, Assets Designated for Retirement and Pension Plans and Associated Liabilities
The Company has a U.S. non-qualified deferred compensation plan that consists primarily of U.S. marketable securities and mutual funds. The aggregate cost basis for these investments was $52.0 million and $45.3 million as of March 31, 2025, and December 31, 2024, respectively.
The Company also maintains a pension plan for certain current and former employees in Germany. The pensions are individually fixed Euro amounts that vary depending on the function and the eligible years of service of the employee. The Company’s investment strategy is to support its pension obligations through reinsurance contracts. The BaFin—German Federal Financial Supervisory Authority—supervises the insurance companies and the reinsurance contracts. The BaFin requires each reinsurance contract to guarantee a fixed minimum return. The Company’s pension benefits are fully reinsured by group insurance contracts with ERGO Lebensversicherung AG, and the group insurance contracts are measured in accordance with BaFin guidelines (including mortality tables and discount rates) which are considered Level 2 inputs. The following tables provide a summary of the fair value measurements for each major category of investments, assets designated for retirement and pension plans and associated liabilities measured at fair value: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Balance Sheet Classification | | | | | Current Assets | | | | Non-Current Assets | | Current Liabilities | | Non-current Liabilities | | | Fair Value | | Other Current Assets | | | | Assets Designated for Retirement and Pension Plans | | Investments | | Other Current Liabilities | | Retirement and Pension Plans | Balance at March 31, 2025 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Measured on a recurring basis: | | | | | | | | | | | | | | | Level 1(1): | | | | | | | | | | | | | | | U.S. non-qualified deferred compensation plan | | $ | 64,434 | | | $ | — | | | | | $ | — | | | $ | 64,434 | | | $ | — | | | $ | — | | | | | | | | | | | | | | | | | Level 2(2): | | | | | | | | | | | | | | | Retirement and pension plan assets | | 11,611 | | | 1,187 | | | | | 10,424 | | | — | | | — | | | — | | Pension benefit obligation | | (12,961) | | | — | | | | | — | | | — | | | (1,187) | | | (11,774) | | | | | | | | | | | | | | | | | Total Level 2 | | (1,350) | | | 1,187 | | | | | 10,424 | | | — | | | (1,187) | | | (11,774) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Total | | $ | 63,084 | | | $ | 1,187 | | | | | $ | 10,424 | | | $ | 64,434 | | | $ | (1,187) | | | $ | (11,774) | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Balance Sheet Classification | | | | Current Assets | | | | Non-Current Assets | | Current Liabilities | | Non-current Liabilities | | Fair Value | | Other Current Assets | | | | Assets Designated for Retirement and Pension Plans | | Investments | | Other Current Liabilities | | Retirement and Pension Plans | Balance at December 31, 2024 | | | | | | | | | | | | | | | | | | | | | | | | | | | | Measured on a recurring basis: | | | | | | | | | | | | | | Level 1(1): | | | | | | | | | | | | | | U.S. non-qualified deferred compensation plan | $ | 58,290 | | | $ | — | | | | | $ | — | | | $ | 58,290 | | | $ | — | | | $ | — | | | | | | | | | | | | | | | | Level 2(2): | | | | | | | | | | | | | | Retirement and pension plan assets | 11,112 | | | 1,136 | | | | | 9,976 | | | — | | | — | | | — | | Pension benefit obligation | (12,404) | | | — | | | | | — | | | — | | | (1,136) | | | (11,268) | | Total Level 2 | (1,292) | | | 1,136 | | | | | 9,976 | | | — | | | (1,136) | | | (11,268) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Total | $ | 56,998 | | | $ | 1,136 | | | | | $ | 9,976 | | | $ | 58,290 | | | $ | (1,136) | | | $ | (11,268) | |
(1)Level 1 – Quoted prices in active markets for identical assets and liabilities. (2)Level 2 – Quoted prices in active markets for similar assets and liabilities, or other inputs that are observable for the asset or liability, either directly or indirectly, for substantially the full term of the financial instrument. Contingent Consideration and Compensation
The former owners of certain of the Company's acquired businesses are eligible to receive additional cash consideration based on the attainment of certain operating metrics in the periods subsequent to acquisition. Contingent consideration and compensation are valued using significant inputs that are not observable in the market, which are defined as Level 3 inputs pursuant to fair value measurement accounting.
The following table provides a reconciliation of the beginning and ending balance of Level 3 liabilities for the three months ended March 31, 2025: | | | | | | | | | | | | | | | | | | | | | Earnout | | Contingent Compensation | Balance at December 31, 2024 | | | | $ | (38,648) | | | $ | (22,901) | | | | | | | | | Earnout accretion | | | | (481) | | | — | | Compensation expense | | | | — | | | (2,821) | | Fair value adjustment | | | | (942) | | | — | | Payments | | | | — | | | 4,847 | | Foreign currency translation | | | | (1,697) | | | (775) | | | | | | | | | Balance at March 31, 2025 | | | | $ | (41,768) | | | $ | (21,650) | |
Earnout accruals of $41.8 million were recorded within Current liabilities - Other current liabilities as of March 31, 2025, and earnout accruals of $38.6 million were recorded within Non-current liabilities - Other non-current liabilities as of December 31, 2024. Contingent compensation accruals of $21.7 million and $4.9 million are recorded within Current liabilities - Accrued salaries and benefits as of March 31, 2025, and December 31, 2024, respectively, and contingent compensation accruals of $18.0 million are recorded within Non-current liabilities - Accrued salaries and benefits as of December 31, 2024.
Other Investments The Company holds an equity investment that does not have a readily determinable fair value for which the Company uses the measurement alternative prescribed in FASB Accounting Standards Codification Topic 321, Investments-Equity Securities. As of March 31, 2025 and December 31, 2024, the Company held the equity investment under the measurement alternative of $11.0 million which is presented in Other non-current assets in the Condensed Consolidated Balance Sheets. There were no impairments or changes resulting from observable transactions for these investments in the three months ended March 31, 2025 and no adjustments have been made to the carrying values as of March 31, 2025.
|
X |
- References
+ Details
Name: |
us-gaap_FairValueDisclosuresAbstract |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionThe entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 107 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482078/820-10-55-107
Reference 2: http://www.xbrl.org/2003/role/exampleRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 100 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482078/820-10-55-100
Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(3) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2
Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 6A -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-6A
Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2E -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2E
Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 6A -Subparagraph (h) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-6A
Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 6A -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-6A
Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 6A -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-6A
Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 6A -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-6A
Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (h) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2
Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (g) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2
Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Topic 940 -SubTopic 820 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478119/940-820-50-1
+ Details
Name: |
us-gaap_FairValueDisclosuresTextBlock |
Namespace Prefix: |
us-gaap_ |
Data Type: |
dtr-types:textBlockItemType |
Balance Type: |
na |
Period Type: |
duration |
|
v3.25.1
Goodwill and Other Intangible Assets
|
3 Months Ended |
Mar. 31, 2025 |
Goodwill and Intangible Assets Disclosure [Abstract] |
|
Goodwill and Other Intangible Assets |
Goodwill and Other Intangible Assets Goodwill
The Company's goodwill by segment (for the segments that had recorded goodwill) is as follows: | | | | | | | | | | | | | | | | | March 31, 2025 | | December 31, 2024 | Executive Search | | | | | Americas | | $ | 90,977 | | | $ | 90,740 | | Europe | | 1,463 | | | 1,463 | | | | | | | Total Executive Search | | 92,440 | | | 92,203 | | On-Demand Talent | | 106,485 | | | 105,136 | | Heidrick Consulting | | 7,246 | | | 7,246 | | Goodwill, gross | | 206,171 | | | 204,585 | | Accumulated impairment | | (66,724) | | | (66,724) | | Total goodwill | | $ | 139,447 | | | $ | 137,861 | |
Changes in the carrying amount of goodwill by segment (for the segments that had recorded goodwill) for the three months ended March 31, 2025, are as follows: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Executive Search | | On-Demand Talent | | Heidrick Consulting | | | | Americas | | Europe | | | | | | Total | Goodwill | $ | 90,740 | | | $ | 1,463 | | | | | $ | 105,136 | | | $ | 7,246 | | | $ | 204,585 | | Accumulated impairment losses | — | | | (1,463) | | | | | (58,015) | | | (7,246) | | | (66,724) | | Balance at December 31, 2024 | 90,740 | | | — | | | | | 47,121 | | | — | | | 137,861 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Foreign currency translation | 237 | | | — | | | | | 1,349 | | | — | | | 1,586 | | | | | | | | | | | | | | Goodwill | 90,977 | | | 1,463 | | | | | 106,485 | | | 7,246 | | | 206,171 | | Accumulated impairment losses | — | | | (1,463) | | | | | (58,015) | | | (7,246) | | | (66,724) | | Balance at March 31, 2025 | $ | 90,977 | | | $ | — | | | | | $ | 48,470 | | | $ | — | | | $ | 139,447 | |
Other Intangible Assets, net
The Company’s other intangible assets, net by segment, are as follows: | | | | | | | | | | | | | | | | | March 31, 2025 | | December 31, 2024 | Executive Search | | | | | Americas | | $ | 4 | | | $ | 5 | | Europe | | 29 | | | 37 | | | | | | | Total Executive Search | | 33 | | | 42 | | On-Demand Talent | | 9,636 | | | 10,592 | | Heidrick Consulting | | 1,635 | | | 1,849 | | Total other intangible assets, net | | $ | 11,304 | | | $ | 12,483 | |
The carrying amount of amortizable intangible assets and the related accumulated amortization are as follows: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Weighted Average Life (Years) | | March 31, 2025 | | December 31, 2024 | | Gross Carrying Amount | | Accumulated Amortization | | Net Carrying Amount | | Gross Carrying Amount | | Accumulated Amortization | | Net Carrying Amount | Client relationships | 10.7 | | $ | 25,970 | | | $ | (16,773) | | | $ | 9,197 | | | $ | 25,188 | | | $ | (15,371) | | | $ | 9,817 | | Trade name | 3.0 | | 4,979 | | | (4,374) | | | 605 | | | 4,836 | | | (4,039) | | | 797 | | Software | 3.0 | | 8,517 | | | (7,015) | | | 1,502 | | | 8,285 | | | (6,416) | | | 1,869 | | Total intangible assets | 9.2 | | $ | 39,466 | | | $ | (28,162) | | | $ | 11,304 | | | $ | 38,309 | | | $ | (25,826) | | | $ | 12,483 | |
Intangible asset amortization expense for the three months ended March 31, 2025, and 2024, was $1.7 million and $2.3 million, respectively.
The Company's estimated future amortization expense related to intangible assets as of March 31, 2025, for the following years ended December 31, is as follows: | | | | | | 2025 | $ | 4,285 | | 2026 | 2,500 | | 2027 | 1,520 | | 2028 | 890 | | 2029 | 642 | | Thereafter | 1,467 | | Total | $ | 11,304 | |
|
X |
- References
+ Details
Name: |
us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionThe entire disclosure for goodwill and intangible assets.
+ ReferencesReference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-30/tableOfContent
Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-20/tableOfContent
+ Details
Name: |
us-gaap_GoodwillAndIntangibleAssetsDisclosureTextBlock |
Namespace Prefix: |
us-gaap_ |
Data Type: |
dtr-types:textBlockItemType |
Balance Type: |
na |
Period Type: |
duration |
|
v3.25.1
Other Current and Non-current Assets and Liabilities
|
3 Months Ended |
Mar. 31, 2025 |
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract] |
|
Other Current and Non-current Assets and Liabilities |
Other Current and Non-current Assets and Liabilities The components of other current assets are as follows: | | | | | | | | | | | | | March 31, 2025 | | December 31, 2024 | Contract assets | $ | 39,883 | | | $ | 33,150 | | Other | 7,538 | | | 6,785 | | Total other current assets | $ | 47,421 | | | $ | 39,935 | |
The components of other current liabilities are as follows: | | | | | | | | | | | | | March 31, 2025 | | December 31, 2024 | Earnout liability | $ | 41,768 | | | $ | — | | Other | 23,101 | | | 21,369 | | Total other current liabilities | $ | 64,869 | | | $ | 21,369 | |
The components of other non-current liabilities are as follows: | | | | | | | | | | | | | March 31, 2025 | | December 31, 2024 | Earnout liability | $ | — | | | $ | 38,648 | | Other | 4,318 | | | 4,257 | | Total other non-current liabilities | $ | 4,318 | | | $ | 42,905 | |
|
Other Current and Non-current Assets and Liabilities |
Other Current and Non-current Assets and Liabilities The components of other current assets are as follows: | | | | | | | | | | | | | March 31, 2025 | | December 31, 2024 | Contract assets | $ | 39,883 | | | $ | 33,150 | | Other | 7,538 | | | 6,785 | | Total other current assets | $ | 47,421 | | | $ | 39,935 | |
The components of other current liabilities are as follows: | | | | | | | | | | | | | March 31, 2025 | | December 31, 2024 | Earnout liability | $ | 41,768 | | | $ | — | | Other | 23,101 | | | 21,369 | | Total other current liabilities | $ | 64,869 | | | $ | 21,369 | |
The components of other non-current liabilities are as follows: | | | | | | | | | | | | | March 31, 2025 | | December 31, 2024 | Earnout liability | $ | — | | | $ | 38,648 | | Other | 4,318 | | | 4,257 | | Total other non-current liabilities | $ | 4,318 | | | $ | 42,905 | |
|
X |
- References
+ Details
Name: |
us-gaap_DeferredCostsCapitalizedPrepaidAndOtherAssetsDisclosureAbstract |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionThe entire disclosure for other assets. This disclosure includes other current assets and other noncurrent assets.
+ References
+ Details
Name: |
us-gaap_OtherAssetsDisclosureTextBlock |
Namespace Prefix: |
us-gaap_ |
Data Type: |
dtr-types:textBlockItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionThe entire disclosure for other liabilities.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(20)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1
Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(24)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1
Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 405 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/405/tableOfContent
+ Details
Name: |
us-gaap_OtherLiabilitiesDisclosureTextBlock |
Namespace Prefix: |
us-gaap_ |
Data Type: |
dtr-types:textBlockItemType |
Balance Type: |
na |
Period Type: |
duration |
|
v3.25.1
Line of Credit
|
3 Months Ended |
Mar. 31, 2025 |
Debt Disclosure [Abstract] |
|
Line of Credit |
Line of Credit On March 17, 2025, the Company entered into the Third Amendment (the “Third Amendment”) to the Credit Agreement, dated as of October 26, 2018 (the “Credit Agreement” and, as amended by the First Amendment to Credit Agreement, dated as of July 13, 2021, and the Second Amendment, dates as of February 24, 2023, the "Amended Credit Agreement") by and among the Company, Bank of America, N.A., as administrative agent, and the lenders party thereto. The Third Amendment provides that Lenders (as defined in the Third Amendment) will make available to the Borrowers (as defined in the Third Amendment) a committed revolving credit facility in an aggregate amount of $100 million, which includes a sublimit of $25 million for letters of credit and a sublimit of $10 million for swingline loans, with a $75 million expansion feature (collectively, the “Facility”). The Amended Credit Agreement matures on March 17, 2030, extended from July 13, 2026.
Borrowings under the Credit Agreement may be used for working capital, capital expenditures, permitted acquisitions, restricted payments and for other general corporate purposes of the Company and its subsidiaries. The obligations under the Credit Agreement are guaranteed by certain of the Company’s subsidiaries and from time to time may be secured by equity interests in certain of the Company’s subsidiaries.
As of March 31, 2025, and December 31, 2024, the Company had no outstanding borrowings. As of such dates, the Company was in compliance with the financial and other covenants under the Amended Credit Agreement and no event of default existed.
|
X |
- References
+ Details
Name: |
us-gaap_DebtDisclosureAbstract |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionThe entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481544/470-10-50-6
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481544/470-10-50-6
Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 405 -SubTopic 40 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147477092/405-40-50-1
Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 405 -SubTopic 40 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a)(3) -Publisher FASB -URI https://asc.fasb.org/1943274/2147477092/405-40-50-1
Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 405 -SubTopic 40 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147477092/405-40-50-1
Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 405 -SubTopic 40 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147477092/405-40-50-1
Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 405 -SubTopic 40 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147477092/405-40-50-1
Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1B -Subparagraph (h) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481139/470-20-50-1B
Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(c)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1
Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 470 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/470/tableOfContent
Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Topic 835 -SubTopic 30 -Name Accounting Standards Codification -Section 45 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482925/835-30-45-2
Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1B -Publisher FASB -URI https://asc.fasb.org/1943274/2147481139/470-20-50-1B
Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1B -Subparagraph (g) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481139/470-20-50-1B
Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1B -Subparagraph (i) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481139/470-20-50-1B
Reference 15: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1C -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481139/470-20-50-1C
Reference 16: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1C -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481139/470-20-50-1C
Reference 17: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1C -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481139/470-20-50-1C
Reference 18: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1E -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481139/470-20-50-1E
Reference 19: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1I -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481139/470-20-50-1I
Reference 20: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1I -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481139/470-20-50-1I
Reference 21: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1I -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481139/470-20-50-1I
+ Details
Name: |
us-gaap_DebtDisclosureTextBlock |
Namespace Prefix: |
us-gaap_ |
Data Type: |
dtr-types:textBlockItemType |
Balance Type: |
na |
Period Type: |
duration |
|
v3.25.1
Stock-Based Compensation and Common Stock
|
3 Months Ended |
Mar. 31, 2025 |
Share-Based Payment Arrangement [Abstract] |
|
Stock-Based Compensation and Common Stock |
Stock-Based Compensation and Common Stock On May 23, 2024, the stockholders of the Company approved an amendment and restatement of the Company's Fourth Amended and Restated 2012 Heidrick & Struggles GlobalShare Program (as so amended and restated, the "Fifth A&R Program") to increase the number of shares of common stock reserved for issuance under the plan by 649,000 shares, among other things. The Fifth A&R Program provides for grants of stock options, stock appreciation rights, restricted stock units, performance stock units, and other stock-based compensation awards that are valued based upon the grant date fair value of the awards. These awards may be granted to directors, selected employees and independent contractors.
As of March 31, 2025, 5,123,002 awards have been issued under the Fifth A&R Program, including 936,805 forfeited awards, and 719,364 shares remain available for future awards assuming performance stock units vest at maximum levels. The Fifth A&R Program provides that no awards can be granted after the first annual meeting of the Company's stockholders to occur on or after May 23, 2034.
The Company measures its stock-based compensation costs based on the grant date fair value of the awards and recognizes these costs over the requisite service period.
A summary of information with respect to stock-based compensation is as follows: | | | | | | | | | | | | | | | | | Three Months Ended March 31, | | | | 2025 | | 2024 | | | | | Salaries and benefits (1) | $ | 2,614 | | | $ | 3,441 | | | | | | | | | | | | | | Income tax benefit related to stock-based compensation included in net income | 711 | | | 949 | | | | | |
(1) Includes $0.1 million and $0.8 million of expense related to cash-settled restricted stock units for the three months ended March 31, 2025, and 2024.
Restricted Stock Units
Restricted stock units granted to employees are subject to ratable vesting over a three-year or four-year period dependent upon the terms of the individual grant. Compensation expense related to service-based restricted stock units is recognized on a straight-line basis over the vesting period.
Non-employee members of the Board of Directors may elect to receive restricted stock units or shares of common stock annually pursuant to the Fifth A&R Program as part of their annual compensation. Based on their respective elections, the Company issued no restricted stock units for services provided by the non-employee directors during the three months ended March 31, 2025, and 2024, respectively. Restricted stock units issued to non-employee directors remain unvested until the respective non-employee directors retire from the Board of Directors.
Restricted stock unit activity for the three months ended March 31, 2025, is as follows: | | | | | | | | | | | | | Number of Restricted Stock Units | | Weighted- Average Grant-Date Fair Value | Outstanding on December 31, 2024 | 675,411 | | | $ | 31.85 | | Granted | 185,594 | | | 46.27 | | Vested and converted to common stock | (115,069) | | | 35.26 | | Forfeited | (19,617) | | | 30.67 | | Outstanding on March 31, 2025 | 726,319 | | | $ | 35.02 | |
As of March 31, 2025, there was $14.3 million of pre-tax unrecognized compensation expense related to unvested restricted stock units, which is expected to be recognized over a weighted average of 2.5 years.
Performance Stock Units
The Company grants performance stock units to certain of its senior executives. The majority of performance stock units are subject to cliff vesting at the end of a three-year period. The vesting will vary between 0% and 200% based on the attainment of certain performance and market conditions over the three-year vesting period. For the majority of granted performance stock units, half of the award is based on the achievement of adjusted operating margin or Adjusted EBITDA margin thresholds and half of the award is based on the Company's total shareholder return, relative to a peer group. The fair value of the awards subject to total shareholder return metrics is determined using a Monte Carlo simulation model. A Monte Carlo simulation model uses stock price volatility and other variables to estimate the probability of satisfying the performance conditions and the resulting fair value of the award. The performance stock units are expensed on a straight-line basis over the three-year vesting period.
Certain of the Company's senior executives are granted performance stock units that are subject to ratable vesting over a four-year period. The vesting will vary between 0% and 100% of the shares subject to the performance stock units based on the attainment of specified stock price hurdles over the vesting period. The fair value of the awards subject to such stock price hurdles is determined using the Monte Carlo simulation model. The performance stock units are expensed on a straight-line basis over the derived service period, which ranges from one to four-years.
Performance stock unit activity for the three months ended March 31, 2025, is as follows: | | | | | | | | | | | | | Number of Performance Stock Units | | Weighted- Average Grant-Date Fair Value | Outstanding on December 31, 2024 | 353,076 | | | $ | 34.17 | | Granted | 132,944 | | | 53.37 | | Vested and converted to common stock | (160,636) | | | 43.57 | | Forfeited | (687) | | | 27.82 | | Outstanding on March 31, 2025 | 324,697 | | | $ | 37.40 | |
As of March 31, 2025, there was $8.7 million of pre-tax unrecognized compensation expense related to unvested performance stock units, which is expected to be recognized over a weighted average of 2.5 years.
Phantom Stock Units
Phantom stock units are grants of phantom stock with respect to shares of the Company's common stock that are settled in cash and are subject to various restrictions, including restrictions on transferability, vesting and forfeiture provisions. Shares of phantom stock that do not vest for any reason will be forfeited by the recipient and will revert to the Company.
Phantom stock units are subject to vesting over a three-year or four-year period, and such vesting is subject to certain other conditions, including continued service to the Company. As a result of the cash-settlement feature of the awards, the Company classifies the awards as liability awards, which are measured at fair value at each reporting date and the vested portion of the award is recognized as a liability to the extent that the service condition is deemed probable. The fair value of the phantom stock awards on the balance sheet date is determined using the closing share price of the Company's common stock on that date.
The Company recorded phantom stock-based compensation expense of $0.1 million and $0.8 million related to cash-settled restricted stock units for the three months ended March 31, 2025, and 2024.
Phantom stock unit activity for the three months ended March 31, 2025, is as follows: | | | | | | | Number of Phantom Stock Units | Outstanding on December 31, 2024 | 131,177 | | Granted | 22,049 | | Vested | — | | Forfeited | (1,312) | | Outstanding on March 31, 2025 | 151,914 | |
As of March 31, 2025, there was $1.8 million of pre-tax unrecognized compensation expense related to unvested phantom stock units, which is expected to be recognized over a weighted average of 2.4 years.
Common Stock
Non-employee members of the Board of Directors may elect to receive restricted stock units or shares of common stock annually pursuant to the Fifth A&R Program as part of their annual compensation, which is typically issued in the second quarter each year. The Company issued no shares of common stock for services provided by the non-employee directors during the three months ended March 31, 2025, and 2024, respectively.
On February 11, 2008, the Company's Board of Directors authorized management to repurchase shares of the Company's common stock with an aggregate purchase price of up to $50.0 million (the "Repurchase Authorization"). From time to time and as business conditions warrant, the Company may purchase shares of its common stock on the open market or in negotiated or block trades. No time limit has been set for completion of this program. There were no repurchases of common stock in 2025 and 2024. Prior to 2024, the most recent purchase of the Company's shares of common stock occurred during the year ended December 31, 2023 when the Company purchased 36,000 shares of common stock for $0.9 million. As of March 31, 2025, the Company has purchased 1,074,670 shares of its common stock pursuant to the Repurchase Authorization for a total of $29.2 million and $20.8 million remains available for future purchases under the Repurchase Authorization.
|
X |
- DefinitionThe entire disclosure for share-based payment arrangement.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/718/tableOfContent
Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2
Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (h)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2
Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (h)(2)(i) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2
Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (l) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2
+ Details
Name: |
us-gaap_DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock |
Namespace Prefix: |
us-gaap_ |
Data Type: |
dtr-types:textBlockItemType |
Balance Type: |
na |
Period Type: |
duration |
|
v3.25.1
Restructuring
|
3 Months Ended |
Mar. 31, 2025 |
Restructuring and Related Activities [Abstract] |
|
Restructuring |
Restructuring During the year ended December 31, 2024, the Company implemented a restructuring plan (the "2024 Plan") to optimize future growth and profitability through a workforce reduction. The Company did not incur any such charges related to the implementation of the 2024 Plan during the three months ended March 31, 2025.
Restructuring charges incurred to date for the 2024 Plan by type of charge and reportable segment are as follows: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Executive Search | | | | | | | | | | Americas | | Europe | | Asia Pacific | | On-Demand Talent | | Heidrick Consulting | | Global Operations Support | | Total | Employee related | $ | 1,277 | | | $ | 876 | | | $ | 157 | | | $ | 286 | | | $ | 3,367 | | | $ | 976 | | | $ | 6,939 | | | | | | | | | | | | | | | |
Changes in the restructuring accrual for the three months ended March 31, 2025, were as follows: | | | | | | | | | | | | | | | | | Employee Related | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Accrual balance at December 31, 2024 | | 2,506 | | | | | | | | | | | | | | | | | Cash payments | | (964) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Accrual balance at March 31, 2025 | | $ | 1,542 | | | | | | | |
Restructuring accruals are recorded within current Accrued salaries and benefits in the Consolidated Balance Sheets as of March 31, 2025.
|
X |
- DefinitionThe entire disclosure for restructuring and related activities. Description of restructuring activities such as exit and disposal activities, include facts and circumstances leading to the plan, the expected plan completion date, the major types of costs associated with the plan activities, total expected costs, the accrual balance at the end of the period, and the periods over which the remaining accrual will be settled.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SAB Topic 5.P.4.e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479823/420-10-S99-2
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (b)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482017/420-10-50-1
Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482017/420-10-50-1
Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/420/tableOfContent
Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482017/420-10-50-1
+ Details
Name: |
us-gaap_RestructuringAndRelatedActivitiesDisclosureTextBlock |
Namespace Prefix: |
us-gaap_ |
Data Type: |
dtr-types:textBlockItemType |
Balance Type: |
na |
Period Type: |
duration |
|
v3.25.1
Income Taxes
|
3 Months Ended |
Mar. 31, 2025 |
Income Tax Disclosure [Abstract] |
|
Income Taxes |
Income Taxes The Company reported income before taxes of $17.6 million and an income tax provision of $4.3 million for the three months ended March 31, 2025. The Company reported income before taxes of $22.9 million and an income tax provision of $8.9 million for the three months ended March 31, 2024. The effective tax rates for the three months ended March 31, 2025, and 2024, were 24.5% and 38.8%, respectively. The effective tax rates for the three months ended March 31, 2025, and 2024, were impacted by the mix of income and the tax effect on discrete items.
|
X |
- DefinitionThe entire disclosure for income tax.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-12
Reference 2: http://www.xbrl.org/2003/role/exampleRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 231 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482663/740-10-55-231
Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12C -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-12C
Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12B -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-12B
Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 740 -SubTopic 270 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477891/740-270-50-1
Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SAB Topic 6.I.5.Q1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479360/740-10-S99-1
Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480990/946-20-50-13
Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(h)(2)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1
Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 740 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/740/tableOfContent
Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 14 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-14
Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-21
Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 17 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-17
Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SAB Topic 11.C) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479360/740-10-S99-2
Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Topic 740 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482603/740-30-50-2
+ Details
Name: |
us-gaap_IncomeTaxDisclosureTextBlock |
Namespace Prefix: |
us-gaap_ |
Data Type: |
dtr-types:textBlockItemType |
Balance Type: |
na |
Period Type: |
duration |
|
v3.25.1
Changes in Accumulated Other Comprehensive Income (Loss)
|
3 Months Ended |
Mar. 31, 2025 |
Equity [Abstract] |
|
Changes in Accumulated Other Comprehensive Income (Loss) |
Changes in Accumulated Other Comprehensive Income (Loss) The changes in Accumulated other comprehensive income (loss) (“AOCI”) by component for the three months ended March 31, 2025, are as follows: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Available- for- Sale Securities | | Foreign Currency Translation | | Pension | | AOCI | Balance at December 31, 2024 | | $ | 53 | | | $ | (13,770) | | | $ | (328) | | | $ | (14,045) | | Other comprehensive income (loss) before reclassification, net of tax | | (39) | | | 2,541 | | | — | | | 2,502 | | Balance at March 31, 2025 | | $ | 14 | | | $ | (11,229) | | | $ | (328) | | | $ | (11,543) | |
|
X |
- DefinitionThe entire disclosure for comprehensive income, which includes, but is not limited to, 1) the amount of income tax expense or benefit allocated to each component of other comprehensive income, including reclassification adjustments, 2) the reclassification adjustments for each classification of other comprehensive income and 3) the ending accumulated balances for each component of comprehensive income.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 944 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-04(19)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147477250/944-220-S99-1
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(21)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483621/220-10-S99-2
Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 942 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-04(23)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478524/942-220-S99-1
Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 220 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/220/tableOfContent
+ Details
Name: |
us-gaap_ComprehensiveIncomeNoteTextBlock |
Namespace Prefix: |
us-gaap_ |
Data Type: |
dtr-types:textBlockItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- References
+ Details
Name: |
us-gaap_EquityAbstract |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
v3.25.1
Segment Information
|
3 Months Ended |
Mar. 31, 2025 |
Segment Reporting [Abstract] |
|
Segment Information |
Segment Information The Company has five operating segments. The Executive Search business operates in the Americas, Europe (which includes Africa) and Asia Pacific (which includes the Middle East), and the Heidrick Consulting and On-Demand Talent businesses operate globally. The Company's operating segments are based on the organizational structure for which financial results are regularly reviewed by our chief operating decision-maker to evaluate performance and allocate resources. Executive Search partners with our clients - respected organizations across the globe - to help them build and sustain the best leadership teams in the world, with a specialized focus on the placement of top-level senior executives.
On-Demand Talent provides clients seamless on-demand access to top independent talent, including professionals with deep industry and functional expertise for interim leadership roles and critical, project-based initiatives.
Heidrick Consulting partners with organizations to unlock the power of their people. The Company's tools and experts use data and technology designed to bring science to the art of human capital development and organizational design. Our services allow our clients to accelerate their strategies and the effectiveness of individual leaders, teams and organizations as a whole.
The Company's chief operating decision-maker is its Chief Executive Officer. The Company evaluates performance and allocates resources based on the review of the chief operating decision make ("CODM") of (1) net revenue and (2) net income before interest, taxes, depreciation and amortization, as adjusted, to the extent they occur, for earnout accretion, earnout fair value adjustments, contingent compensation, deferred compensation plan income or expense, certain reorganization costs, impairment charges and restructuring charges ("Adjusted EBITDA"). Adjusted EBITDA margin is defined as Adjusted EBITDA as a percentage of net revenue in the same period. The CODM considers actual to historical, actual to budgeted, and actual to forecasted results and variances on a monthly basis using net revenue and Adjusted EBITDA when making decisions about allocating resources to the segments and assessing performance. The CODM is not provided asset information by reportable segment.
Adjusted EBITDA and Adjusted EBITDA margin are non-GAAP (as defined below) financial measures. The following table presents a reconciliation of net income to Adjusted EBITDA and Adjusted EBITDA margin:
| | | | | | | | | | | | | | | | | | | | | Three Months Ended March 31, | | | | | 2025 | | 2024 | | | | | Revenue before reimbursements (net revenue) | | $ | 283,578 | | | $ | 265,197 | | | | | | | | | | | | | | | Net income | | 13,306 | | | 14,032 | | | | | | Interest, net | | (3,955) | | | (4,086) | | | | | | Other, net | | 2,566 | | | (2,571) | | | | | | Provision for income taxes | | 4,311 | | | 8,899 | | | | | | Operating income | | 16,228 | | | 16,274 | | | | | | | | | | | | | | | Adjustments | | | | | | | | | Depreciation | | 3,179 | | | 2,493 | | | | | | Intangible amortization | | 1,668 | | | 2,297 | | | | | | Earnout accretion | | 481 | | | 466 | | | | | | Earnout fair value adjustments | | 942 | | | — | | | | | | Acquisition contingent consideration | | 2,821 | | | 1,988 | | | | | | Deferred compensation plan | | (358) | | | 2,350 | | | | | | Reorganization costs | | 4,161 | | | — | | | | | | | | | | | | | | | | | | | | | | | | Total adjustments | | 12,894 | | | 9,594 | | | | | | | | | | | | | | | Adjusted EBITDA | | $ | 29,122 | | | $ | 25,868 | | | | | | Adjusted EBITDA margin | | 10.3 | % | | 9.8 | % | | | | | The following tables present our segment information, including significant segment expenses, for the three months ended March 31, 2025, and 2024: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months ended March 31, 2025 | | Executive Search | | | | | | | | Americas | | Europe | | Asia Pacific | | On-Demand Talent | | Heidrick Consulting | | Total | Revenue | | | | | | | | | | | | Revenue before reimbursements | $ | 144,404 | | | $ | 45,391 | | | $ | 23,595 | | | $ | 42,564 | | | $ | 27,624 | | | $ | 283,578 | | Reimbursements | | | | | | | | | | | 3,864 | | Total revenue | | | | | | | | | | | 287,442 | | | | | | | | | | | | | | Operating Expenses | | | | | | | | | | | | Salaries and benefits (1) | 90,093 | | | 32,489 | | | 16,817 | | | 11,598 | | | 21,635 | | | 172,632 | | General and administrative (2) | 10,089 | | | 7,860 | | | 3,743 | | | 3,741 | | | 4,851 | | | 30,284 | | Cost of services | — | | | — | | | — | | | 26,825 | | | 3,234 | | | 30,059 | | Total segment operating expenses | 100,182 | | | 40,349 | | | 20,560 | | | 42,164 | | | 29,720 | | | 232,975 | | | | | | | | | | | | | | Segment Adjusted EBITDA | 44,222 | | | 5,042 | | | 3,035 | | | 400 | | | (2,096) | | | 50,603 | | | | | | | | | | | | | | Reconciling Items | | | | | | | | | | | | Research and development expenses (3) | — | | | — | | | — | | | — | | | — | | | 4,624 | | Global Operations Support expenses (3) | — | | | — | | | — | | | — | | | — | | | 16,857 | | Total reconciling expenses | — | | | — | | | — | | | — | | | — | | | 21,481 | | | | | | | | | | | | | | Adjusted EBITDA | $ | 44,222 | | | $ | 5,042 | | | $ | 3,035 | | | $ | 400 | | | $ | (2,096) | | | $ | 29,122 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months ended March 31, 2024 | | Executive Search | | | | | | | | Americas | | Europe | | Asia Pacific | | On-Demand Talent | | Heidrick Consulting | | Total | Revenue | | | | | | | | | | | | Revenue before reimbursements | $ | 136,679 | | | 41,481 | | | 23,321 | | | 37,857 | | | 25,859 | | | $ | 265,197 | | Reimbursements | | | | | | | | | | | 3,901 | | Total revenue | | | | | | | | | | | 269,098 | | | | | | | | | | | | | | Operating Expenses | | | | | | | | | | | | Salaries and benefits (1) | 84,026 | | | 30,254 | | | 16,192 | | | 11,593 | | | 18,884 | | | 160,949 | | General and administrative (2) | 10,782 | | | 7,874 | | | 3,934 | | | 3,095 | | | 5,660 | | | 31,345 | | Cost of services | — | | | — | | | — | | | 24,090 | | | 3,342 | | | 27,432 | | Total segment operating expenses | 94,808 | | | 38,128 | | | 20,126 | | | 38,778 | | | 27,886 | | | 219,726 | | | | | | | | | | | | | | Segment Adjusted EBITDA | 41,871 | | | 3,353 | | | 3,195 | | | (921) | | | (2,027) | | | 45,471 | | | | | | | | | | | | | | Reconciling Items | | | | | | | | | | | | Research and development expenses (3) | — | | | — | | | — | | | — | | | — | | | 4,925 | | Global Operations Support expenses (3) | — | | | — | | | — | | | — | | | — | | | 14,678 | | Total reconciling expenses | — | | | — | | | — | | | — | | | — | | | 19,603 | | | | | | | | | | | | | | Adjusted EBITDA | $ | 41,871 | | | $ | 3,353 | | | $ | 3,195 | | | $ | (921) | | | $ | (2,027) | | | $ | 25,868 | |
(1) Includes base salaries, payroll taxes, retirement benefits, separation and stock-based compensation. Excludes contingent compensation, deferred compensation plan income or expense and reorganization costs as these income/expense items are not included within the Company's measure of segment profitability. (2) Includes professional fees, business development travel, information technology, communication services, marketing, taxes and licenses, temporary labor, bad debt, and other operating expenses. Excludes depreciation, intangible amortization, earnout accretion and earnout fair value adjustments as these income/expense items are not included within the Company's measure of segment profitability. (3) Excludes depreciation expense and deferred compensation plan income expense as these income/expense items are not included within the Company's measure of segment profitability. Depreciation and amortization, and capital expenditures, by segment, are as follows: | | | | | | | | | | | | | | | | | Three Months Ended March 31, | | | 2025 | | 2024 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Depreciation and amortization | | | | | Executive Search | | | | | Americas | | $ | 523 | | | $ | 761 | | Europe | | 421 | | | 295 | | Asia Pacific | | 243 | | | 202 | | Total Executive Search | | 1,187 | | | 1,258 | | On-Demand Talent | | 1,498 | | | 1,966 | | Heidrick Consulting | | 575 | | | 642 | | Total segments | | 3,260 | | | 3,866 | | Research and development | | 1,437 | | | 754 | | Global Operations Support | | 150 | | | 170 | | Total depreciation and amortization | | $ | 4,847 | | | $ | 4,790 | | | | | | | Capital expenditures | | | | | Executive Search | | | | | Americas | | $ | 386 | | | $ | 513 | | Europe | | 395 | | | 1,969 | | Asia Pacific | | 72 | | | 425 | | Total Executive Search | | 853 | | | 2,907 | | On-Demand Talent | | 71 | | | 217 | | Heidrick Consulting | | 109 | | | 828 | | Total segments | | 1,033 | | | 3,952 | | Research and development | | 1,625 | | | 1,839 | | Global Operations Support | | 76 | | | 382 | | Total capital expenditures | | $ | 2,734 | | | $ | 6,173 | |
|
X |
- References
+ Details
Name: |
us-gaap_SegmentReportingAbstract |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionThe entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 48 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-48
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-32
Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 270 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (i) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482964/270-10-50-1
Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (ee) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-32
Reference 5: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-32
Reference 6: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 54 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-54
Reference 7: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 47 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-47
Reference 8: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 54 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-54
Reference 9: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 47 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-47
Reference 10: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 54 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-54
Reference 11: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 47 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-47
Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22
Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-31
Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 34 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-34
Reference 15: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 26C -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-26C
Reference 16: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 26B -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-26B
Reference 17: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-15
Reference 18: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 42 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-42
Reference 19: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 40 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-40
Reference 20: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/280/tableOfContent
Reference 21: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 26 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-26
Reference 22: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 41 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-41
Reference 23: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-21
Reference 24: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-21
Reference 25: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-32
+ Details
Name: |
us-gaap_SegmentReportingDisclosureTextBlock |
Namespace Prefix: |
us-gaap_ |
Data Type: |
dtr-types:textBlockItemType |
Balance Type: |
na |
Period Type: |
duration |
|
v3.25.1
Guarantees
|
3 Months Ended |
Mar. 31, 2025 |
Guarantees and Product Warranties [Abstract] |
|
Guarantees |
Guarantees The Company has utilized letters of credit to support certain obligations, primarily for its office lease agreements. The letters of credit were made to secure the respective agreements and are for the terms of the agreements, which extend through 2034. For each letter of credit issued, the Company would have to use cash to fulfill the obligation if there is a default on a payment. The maximum amount of undiscounted payments the Company would be required to make in the event of default on all outstanding letters of credit is approximately $4.8 million as of March 31, 2025. The Company has not accrued for these arrangements as no event of default exists or is expected to exist.
|
X |
- References
+ Details
Name: |
us-gaap_GuaranteesAndProductWarrantiesAbstract |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionThe entire disclosure for each guarantee obligation, or each group of similar guarantee obligations, including (a) the nature of the guarantee, including its term, how it arose, and the events or circumstances that would require the guarantor to perform under the guarantee; (b) the maximum potential amount of future payments (undiscounted) the guarantor could be required to make under the guarantee; (c) the current carrying amount of the liability, if any, for the guarantor's obligations under the guarantee; and (d) the nature of any recourse provisions under the guarantee, and any assets held either as collateral or by third parties, and any relevant related party disclosure. Excludes disclosures about product warranties.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 460 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Subparagraph (a)(4) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482425/460-10-50-4
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 460 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Subparagraph (a)(5) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482425/460-10-50-4
Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 460 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482425/460-10-50-4
Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 460 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482425/460-10-50-4
Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 460 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Subparagraph (a)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482425/460-10-50-4
Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 460 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Subparagraph (a)(3) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482425/460-10-50-4
Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 460 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/460/tableOfContent
Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 460 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Subparagraph (b)(3) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482425/460-10-50-4
+ Details
Name: |
us-gaap_GuaranteesTextBlock |
Namespace Prefix: |
us-gaap_ |
Data Type: |
dtr-types:textBlockItemType |
Balance Type: |
na |
Period Type: |
duration |
|
v3.25.1
Commitments and Contingencies
|
3 Months Ended |
Mar. 31, 2025 |
Commitments and Contingencies Disclosure [Abstract] |
|
Commitments and Contingencies |
Commitments and Contingencies Litigation
The Company has contingent liabilities from various pending claims and litigation matters arising in the ordinary course of the Company’s business, some of which involve claims for damages that are substantial in amount. Some of these matters are covered in part by insurance. Based upon information currently available, the Company believes the ultimate resolution of such claims and litigation will not have a material adverse effect on its financial condition, results of operations or liquidity.
|
X |
- References
+ Details
Name: |
us-gaap_CommitmentsAndContingenciesDisclosureAbstract |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionThe entire disclosure for commitments and contingencies.
+ ReferencesReference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 405 -SubTopic 30 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/405-30/tableOfContent
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 440 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482648/440-10-50-4
Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 450 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/450/tableOfContent
Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 954 -SubTopic 440 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478522/954-440-50-1
Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 440 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482648/440-10-50-4
Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 440 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/440/tableOfContent
+ Details
Name: |
us-gaap_CommitmentsAndContingenciesDisclosureTextBlock |
Namespace Prefix: |
us-gaap_ |
Data Type: |
dtr-types:textBlockItemType |
Balance Type: |
na |
Period Type: |
duration |
|
v3.25.1
X |
- ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-K -Number 229 -Section 402 -Subsection v -Paragraph 1
+ Details
Name: |
ecd_PvpTable |
Namespace Prefix: |
ecd_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionThe portion of profit or loss for the period, net of income taxes, which is attributable to the parent.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 250 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483443/250-10-50-6
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 250 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 9 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483443/250-10-50-9
Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 805 -SubTopic 60 -Name Accounting Standards Codification -Section 65 -Paragraph 1 -Subparagraph (g) -Publisher FASB -URI https://asc.fasb.org/1943274/2147476176/805-60-65-1
Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 740 -SubTopic 323 -Name Accounting Standards Codification -Section 65 -Paragraph 2 -Subparagraph (g)(3) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478666/740-323-65-2
Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(20)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483621/220-10-S99-2
Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(g)(1)(ii)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1
Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 323 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481687/323-10-50-3
Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 825 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 28 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482907/825-10-50-28
Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482765/220-10-50-6
Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 250 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483443/250-10-50-3
Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Topic 250 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (b)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483443/250-10-50-1
Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 40 -Name Accounting Standards Codification -Section 65 -Paragraph 1 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480175/815-40-65-1
Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Topic 250 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 8 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483443/250-10-50-8
Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Topic 250 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 11 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483443/250-10-50-11
Reference 15: http://www.xbrl.org/2003/role/disclosureRef -Topic 250 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 11 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483443/250-10-50-11
Reference 16: http://www.xbrl.org/2003/role/disclosureRef -Topic 250 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483443/250-10-50-4
Reference 17: http://www.xbrl.org/2003/role/exampleRef -Topic 946 -SubTopic 830 -Name Accounting Standards Codification -Section 55 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479168/946-830-55-10
Reference 18: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 220 -Name Accounting Standards Codification -Section 45 -Paragraph 7 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479105/946-220-45-7
Reference 19: http://www.xbrl.org/2003/role/disclosureRef -Topic 944 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-04(18)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147477250/944-220-S99-1
Reference 20: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.6-07(9)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479134/946-220-S99-1
Reference 21: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 3 -Subparagraph (SX 210.6-09(1)(d)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479134/946-220-S99-3
Reference 22: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(4)(i)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A
Reference 23: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(4)(ii)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A
Reference 24: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(4)(iii)(A)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A
Reference 25: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(4)(iv)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A
Reference 26: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(5)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A
Reference 27: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(4)(i)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B
Reference 28: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(4)(iii)(A)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B
Reference 29: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(4)(iii)(B)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B
Reference 30: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(4)(iv)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B
Reference 31: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(5)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B
Reference 32: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 60B -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482689/260-10-45-60B
Reference 33: http://www.xbrl.org/2003/role/disclosureRef -Topic 205 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 7 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483499/205-20-50-7
Reference 34: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 230 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 28 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482740/230-10-45-28
Reference 35: http://www.xbrl.org/2003/role/disclosureRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 1A -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482790/220-10-45-1A
Reference 36: http://www.xbrl.org/2003/role/disclosureRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 1B -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482790/220-10-45-1B
Reference 37: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 942 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-04(22)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478524/942-220-S99-1
+ Details
Name: |
us-gaap_NetIncomeLoss |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
v3.25.1
X |
- ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-K -Number 229 -Section 408 -Subsection a -Paragraph 1
+ Details
Name: |
ecd_NonRule10b51ArrAdoptedFlag |
Namespace Prefix: |
ecd_ |
Data Type: |
xbrli:booleanItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-K -Number 229 -Section 408 -Subsection a -Paragraph 1
+ Details
Name: |
ecd_NonRule10b51ArrTrmntdFlag |
Namespace Prefix: |
ecd_ |
Data Type: |
xbrli:booleanItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-K -Number 229 -Section 408 -Subsection a -Paragraph 1
+ Details
Name: |
ecd_Rule10b51ArrAdoptedFlag |
Namespace Prefix: |
ecd_ |
Data Type: |
xbrli:booleanItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-K -Number 229 -Section 408 -Subsection a -Paragraph 1
+ Details
Name: |
ecd_Rule10b51ArrTrmntdFlag |
Namespace Prefix: |
ecd_ |
Data Type: |
xbrli:booleanItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-K -Number 229 -Section 408 -Subsection a -Paragraph 2 -Subparagraph A
+ Details
Name: |
ecd_TradingArrByIndTable |
Namespace Prefix: |
ecd_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
v3.25.1
Summary of Significant Accounting Policies (Policies)
|
3 Months Ended |
Mar. 31, 2025 |
Accounting Policies [Abstract] |
|
Cost of Services |
Cost of Services
Cost of services consists of contractor costs related to the delivery of various services in the Company's On-Demand Talent and Heidrick Consulting operating segments.
|
Research and Development |
Research and Development Research and development expense consists of payroll, employee benefits, stock-based compensation, other employee expenses and third-party professional fees associated with new product development.
|
Marketable Securities |
Marketable Securities
The Company’s marketable securities consist of available-for-sale debt securities with original maturities exceeding three months.
|
Earnings per Common Share |
Earnings per Common Share
Basic earnings per common share are computed by dividing net income by weighted average common shares outstanding for the period. Diluted earnings per share reflect the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted. Common equivalent shares are excluded from the determination of diluted earnings per share in periods in which they have an anti-dilutive effect.
|
Leases |
Leases
The Company determines if an arrangement is a lease at inception. Operating leases are included in Operating lease right-of-use assets, Current liabilities - Operating lease liabilities and Non-current liabilities - Operating lease liabilities in the Company's Condensed Consolidated Balance Sheets. The Company does not have any leases that meet the finance lease criteria.
Right-of-use assets represent the Company's right to use an underlying asset for the lease term and lease liabilities represent the Company's obligation to make lease payments arising from the lease. Operating lease right-of-use assets and liabilities are recognized on the commencement date based on the present value of lease payments over the lease term. As most of the Company's leases do not provide an implicit rate, an incremental borrowing rate based on the information available at the commencement date is used in determining the present value of lease payments. The operating lease right-of-use asset also includes any lease payments made in advance and any accrued rent expense balances. Lease terms may include options to extend or terminate the lease when it is reasonably certain that the option will be exercised. Lease expense for lease payments is recognized on a straight-line basis over the lease term.
The Company has lease agreements with lease and non-lease components. For office leases, the Company accounts for the lease and non-lease components as a single lease component. For equipment leases, such as vehicles and office equipment, the Company accounts for the lease and non-lease components separately.
|
Goodwill |
Goodwill
Goodwill represents the difference between the purchase price of acquired businesses and the related fair value of the net assets acquired, which is accounted for by the acquisition method of accounting. The Company performs assessments of the carrying value of its goodwill at least annually and whenever events occur or circumstances indicate that a carrying amount of goodwill may not be recoverable. These circumstances include a significant change in business climate, attrition of key personnel, changes in financial condition or results of operations, prolonged decline in the Company’s stock price and market capitalization, competition, and other factors.
The goodwill impairment test compares the fair value of a reporting unit to its carrying amount, including goodwill. The Company operates five reporting units: Americas, Europe (which includes Africa), Asia Pacific (which includes the Middle East), On-Demand Talent and Heidrick Consulting. The fair value of each of the Company’s reporting units is determined using a discounted cash flow methodology. An impairment charge is recognized for the amount by which the carrying value of the reporting unit exceeds its fair value; however, the loss recognized is not to exceed the total amount of goodwill allocated to that reporting unit.
|
Recently Issued Financial Accounting Standards |
Recently Issued Financial Accounting Standards
In December 2023, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") No. 2023-09, "Income Taxes (Topic 740): Improvements to Income Tax Disclosures." The standard is intended to expand the disclosure requirements for income taxes, specifically related to the rate reconciliation and income taxes paid. The guidance is effective for annual periods beginning after December 15, 2024, with early adoption permitted. The Company is currently evaluating the impact of this guidance on its financial statements.
In November 2024, the FASB issued ASU No. 2024-03 "Income Statement—Reporting Comprehensive Income—Expense Disaggregation Disclosures (Subtopic 220-40)." The standard requires public companies to disclose, in the notes to financial statements, specified information about certain costs and expenses at each interim and annual reporting period. The amendment in this update is effective for annual reporting periods beginning after December 15, 2026, and interim reporting periods beginning after December 15, 2027. The Company is currently evaluating the impact of this guidance on its financial statements.
|
Revenue Recognition |
Executive Search
Revenue is recognized as performance obligations are satisfied by transferring a good or service to a client. Generally, each executive search contract contains one performance obligation which is the process of identifying potentially qualified candidates for a specific client position. In most contracts, the transaction price includes both fixed and variable consideration. Fixed consideration is comprised of a retainer, equal to approximately one-third of the estimated first year compensation for the position to be filled, and indirect expenses, equal to a specified percentage of the retainer, as defined in the contract. The Company generally bills clients for the retainer and indirect expenses in one-third increments over a three-month period commencing in the month of a client’s acceptance of the contract. If actual compensation of a placed candidate exceeds the original compensation estimate, the Company is often authorized to bill the client for one-third of the excess compensation. The Company refers to this additional billing as uptick revenue. In most contracts, variable consideration is comprised of uptick revenue and direct expenses. The Company bills its clients for uptick revenue upon completion of the executive search, and direct expenses are billed as incurred.
The Company estimates uptick revenue at contract inception, based on a portfolio approach, utilizing the expected value method based on a historical analysis of uptick revenue realized in the Company’s geographic regions and industry practices, and initially records a contract’s uptick revenue in an amount that is probable not to result in a significant reversal of cumulative revenue recognized when the actual amount of uptick revenue for the contract is known. Differences between the estimated and actual amounts of variable consideration are recorded when known. The Company does not estimate revenue for direct expenses as it is not materially different than recognizing revenue as direct expenses are incurred.
Revenue from executive search engagement performance obligations is recognized over time as clients simultaneously receive and consume the benefits provided by the Company's performance. Revenue from executive search engagements is recognized over the expected average period of performance, in proportion to the estimated personnel time incurred to fulfill the obligations under the executive search contract. Revenue is generally recognized over a period of approximately six months. The Company's executive search contracts contain a replacement guarantee which provides for an additional search to be completed, free of charge except for expense reimbursements, should the candidate presented by the Company be hired by the client and subsequently terminated by the client for performance reasons within a specified period of time. The replacement guarantee is an assurance warranty, which is not a performance obligation under the terms of the executive search contract, as the Company does not provide any services under the terms of the guarantee that transfer benefits to the client in excess of assuring that the identified candidate complies with the agreed-upon specifications. The Company accounts for the replacement guarantee under the relevant warranty guidance in Accounting Standards Codification 460 - Guarantees.
On-Demand Talent
The Company enters into contracts with clients that outline the general terms and conditions of the assignment to provide on-demand consultants for various types of consulting projects, which consultants may be independent contractors or temporary employees. The consideration the Company expects to receive under each contract is dependent on the time-based fees specified in the contract. Revenue from on-demand engagement performance obligations is recognized over time as clients simultaneously receive and consume the benefits provided by the Company's performance. The Company has applied the practical expedient to recognize revenue for these services in the amount to which the Company has a right to invoice the client, as this amount corresponds directly with the value provided to the client for the performance completed to date. For transactions where a third-party contractor is involved in providing the services to the client, the Company reports the revenue and the related direct costs on a gross basis as it has determined that it is the principal in the transaction. The Company is primarily responsible for fulfilling the promise to provide consulting services to its clients and the Company has discretion in establishing the prices charged to clients for the consulting services and is able to contractually obligate the independent service provider to deliver services and deliverables that the Company has agreed to provide to its clients.
Heidrick Consulting
Revenue is recognized as performance obligations are satisfied by transferring a good or service to a client. Heidrick Consulting enters into contracts with clients that outline the general terms and conditions of the assignment to provide succession planning, executive assessment, top team and board effectiveness and culture shaping programs. The consideration the Company expects to receive under each contract is generally fixed. Most of the Company's consulting contracts contain one performance obligation, which is the overall process of providing the consulting service requested by the client. The majority of our consulting revenue is recognized over time utilizing input methods. Revenue recognition over time for the majority of our consulting engagements is measured by total cost or time incurred as a percentage of the total estimated cost or time on the consulting engagement. Contract Balances
Contract assets and liabilities are reported in a net position on a contract-by-contract basis at the end of each reporting period. Contract assets and liabilities are classified as current due to the nature of the Company's contracts, which are completed within one year. Contract assets are included within Other current assets on the Condensed Consolidated Balance Sheets.
Unbilled receivables: Unbilled receivables represents contract assets from revenue recognized over time in excess of the amount billed to the client and the amount billed to the client is solely dependent upon the passage of time. This amount includes revenue recognized in excess of billed Executive Search retainers, Heidrick Consulting fees, and On-Demand Talent fees.
Contract assets: Contract assets represent revenue recognized over time in excess of the amount billed to the client, and the amount billed to the client is not solely subject to the passage of time. This amount primarily includes revenue recognized for upticks and contingent placement fees in executive search contracts.
Deferred revenue: Contract liabilities consist of deferred revenue, which is equal to billings in excess of revenue recognized.
|
X |
- References
+ Details
Name: |
us-gaap_AccountingPoliciesAbstract |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionDisclosure of accounting policy for cost of product sold and service rendered.
+ ReferencesReference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name Accounting Standards Codification -Topic 705 -Publisher FASB -URI https://asc.fasb.org/705/tableOfContent
+ Details
Name: |
us-gaap_CostOfSalesPolicyTextBlock |
Namespace Prefix: |
us-gaap_ |
Data Type: |
dtr-types:textBlockItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionDisclosure of accounting policy for computing basic and diluted earnings or loss per share for each class of common stock and participating security. Addresses all significant policy factors, including any antidilutive items that have been excluded from the computation and takes into account stock dividends, splits and reverse splits that occur after the balance sheet date of the latest reporting period but before the issuance of the financial statements.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-1
Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-1
Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-2
+ Details
Name: |
us-gaap_EarningsPerSharePolicyTextBlock |
Namespace Prefix: |
us-gaap_ |
Data Type: |
dtr-types:textBlockItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionDisclosure of accounting policy for goodwill. This accounting policy also may address how an entity assesses and measures impairment of goodwill, how reporting units are determined, how goodwill is allocated to such units, and how the fair values of the reporting units are determined.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 55 -Paragraph 24 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482548/350-20-55-24
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482573/350-20-50-2
Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-20/tableOfContent
+ Details
Name: |
us-gaap_GoodwillAndIntangibleAssetsGoodwillPolicy |
Namespace Prefix: |
us-gaap_ |
Data Type: |
dtr-types:textBlockItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionDisclosure of accounting policy for leasing arrangement entered into by lessee.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478964/842-20-50-1
+ Details
Name: |
us-gaap_LesseeLeasesPolicyTextBlock |
Namespace Prefix: |
us-gaap_ |
Data Type: |
dtr-types:textBlockItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionDisclosure of accounting policy for investment classified as marketable security.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 942 -SubTopic 320 -Section 50 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477268/942-320-50-5
+ Details
Name: |
us-gaap_MarketableSecuritiesPolicy |
Namespace Prefix: |
us-gaap_ |
Data Type: |
dtr-types:textBlockItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionDisclosure of accounting policy pertaining to new accounting pronouncements that may impact the entity's financial reporting. Includes, but is not limited to, quantification of the expected or actual impact.
+ References
+ Details
Name: |
us-gaap_NewAccountingPronouncementsPolicyPolicyTextBlock |
Namespace Prefix: |
us-gaap_ |
Data Type: |
dtr-types:textBlockItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionDisclosure of accounting policy for costs it has incurred (1) in a planned search or critical investigation aimed at discovery of new knowledge with the hope that such knowledge will be useful in developing a new product or service, a new process or technique, or in bringing about a significant improvement to an existing product or process; or (2) to translate research findings or other knowledge into a plan or design for a new product or process or for a significant improvement to an existing product or process.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 730 -SubTopic 10 -Name Accounting Standards Codification -Section 05 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483044/730-10-05-1
+ Details
Name: |
us-gaap_ResearchAndDevelopmentExpensePolicy |
Namespace Prefix: |
us-gaap_ |
Data Type: |
dtr-types:textBlockItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionDisclosure of accounting policy for revenue from contract with customer.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 17 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-17
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 19 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-19
Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 18 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-18
Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 18 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-18
Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 20 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-20
Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 20 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-20
Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 20 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-20
Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 20 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-20
Reference 9: http://www.xbrl.org/2003/role/exampleRef -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Subparagraph (e) -SubTopic 10 -Topic 235 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483426/235-10-50-4
Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Topic 606 -Publisher FASB -URI https://asc.fasb.org/606/tableOfContent
+ Details
Name: |
us-gaap_RevenueFromContractWithCustomerPolicyTextBlock |
Namespace Prefix: |
us-gaap_ |
Data Type: |
dtr-types:textBlockItemType |
Balance Type: |
na |
Period Type: |
duration |
|
v3.25.1
Summary of Significant Accounting Policies (Tables)
|
3 Months Ended |
Mar. 31, 2025 |
Accounting Policies [Abstract] |
|
Schedule of Cash and Cash Equivalents |
The following table provides a reconciliation of the cash and cash equivalents between the Condensed Consolidated Balance Sheets and the Condensed Consolidated Statements of Cash Flows as of March 31, 2025, and 2024, and December 31, 2024, and 2023, respectively: | | | | | | | | | | | | | | | | | | | | | | | | | March 31, | | December 31, | | 2025 | | 2024 | | 2024 | | 2023 | Cash and cash equivalents | $ | 211,944 | | | $ | 252,831 | | | $ | 515,627 | | | $ | 412,618 | | | | | | | | | | Restricted cash included within other non-current assets | 194 | | | — | | | 186 | | | — | | Total cash, cash equivalents and restricted cash | $ | 212,138 | | | $ | 252,831 | | | $ | 515,813 | | | $ | 412,618 | |
|
Schedule of Earnings Per Share, Basic and Diluted |
The following table sets forth the computation of basic and diluted earnings per share: | | | | | | | | | | | | | | | | | | | | | Three Months Ended March 31, | | | | | 2025 | | 2024 | | | | | Net income | | $ | 13,306 | | | $ | 14,032 | | | | | | Weighted average shares outstanding: | | | | | | | | | Basic | | 20,464 | | | 20,144 | | | | | | Effect of dilutive securities: | | | | | | | | | Restricted stock units | | 562 | | | 593 | | | | | | Performance stock units | | 292 | | | 303 | | | | | | Diluted | | 21,318 | | | 21,040 | | | | | | Basic earnings per share | | $ | 0.65 | | | $ | 0.70 | | | | | | Diluted earnings per share | | $ | 0.62 | | | $ | 0.67 | | | | | |
|
X |
- References
+ Details
Name: |
us-gaap_AccountingPoliciesAbstract |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionTabular disclosure of the components of cash and cash equivalents.
+ References
+ Details
Name: |
us-gaap_ScheduleOfCashAndCashEquivalentsTableTextBlock |
Namespace Prefix: |
us-gaap_ |
Data Type: |
dtr-types:textBlockItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionTabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations.
+ ReferencesReference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-1
+ Details
Name: |
us-gaap_ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock |
Namespace Prefix: |
us-gaap_ |
Data Type: |
dtr-types:textBlockItemType |
Balance Type: |
na |
Period Type: |
duration |
|
v3.25.1
Revenue (Tables)
|
3 Months Ended |
Mar. 31, 2025 |
Revenue from Contract with Customer [Abstract] |
|
Schedule of Changes in Contract Asset and Liability |
The following table outlines the changes in the contract asset and liability balances from December 31, 2024, to March 31, 2025: | | | | | | | | | | | | | | | | | | | March 31, 2025 | | December 31, 2024 | | Change | Contract assets | | | | | | Unbilled receivables, net | $ | 21,302 | | | $ | 17,610 | | | $ | 3,692 | | Contract assets | 18,581 | | | 15,540 | | | 3,041 | | Total contract assets | 39,883 | | | 33,150 | | | 6,733 | | | | | | | | Contract liabilities | | | | | | Deferred revenue | $ | 55,957 | | | $ | 51,085 | | | $ | 4,872 | |
|
X |
- DefinitionTabular disclosure of receivable, contract asset, and contract liability from contract with customer. Includes, but is not limited to, change in contract asset and contract liability.
+ ReferencesReference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-10
+ Details
Name: |
us-gaap_ContractWithCustomerAssetAndLiabilityTableTextBlock |
Namespace Prefix: |
us-gaap_ |
Data Type: |
dtr-types:textBlockItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- References
+ Details
Name: |
us-gaap_RevenueFromContractWithCustomerAbstract |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
v3.25.1
X |
- DefinitionTabular disclosure of allowance for credit loss on accounts receivable.
+ ReferencesReference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 326 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479319/326-20-50-13
+ Details
Name: |
us-gaap_AccountsReceivableAllowanceForCreditLossTableTextBlock |
Namespace Prefix: |
us-gaap_ |
Data Type: |
dtr-types:textBlockItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- References
+ Details
Name: |
us-gaap_CreditLossAbstract |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
v3.25.1
Property and Equipment, net (Tables)
|
3 Months Ended |
Mar. 31, 2025 |
Property, Plant and Equipment [Abstract] |
|
Schedule of Property and Equipment |
The components of the Company’s property and equipment are as follows: | | | | | | | | | | | | | | | | | March 31, 2025 | | December 31, 2024 | Leasehold improvements | | $ | 51,000 | | | $ | 49,744 | | Office furniture, fixtures and equipment | | 14,926 | | | 14,384 | | Computer equipment and software | | 49,593 | | | 47,649 | | Property and equipment, gross | | 115,519 | | | 111,777 | | Accumulated depreciation | | (63,581) | | | (60,092) | | Property and equipment, net | | $ | 51,938 | | | $ | 51,685 | |
|
X |
- References
+ Details
Name: |
us-gaap_PropertyPlantAndEquipmentAbstract |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionTabular disclosure of physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, balances by class of assets, depreciation and depletion expense and method used, including composite depreciation, and accumulated deprecation.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -SubTopic 10 -Topic 360 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482099/360-10-50-1
+ Details
Name: |
us-gaap_PropertyPlantAndEquipmentTextBlock |
Namespace Prefix: |
us-gaap_ |
Data Type: |
dtr-types:textBlockItemType |
Balance Type: |
na |
Period Type: |
duration |
|
v3.25.1
Leases (Tables)
|
3 Months Ended |
Mar. 31, 2025 |
Leases [Abstract] |
|
Schedule of Lease Cost |
Lease cost components included within Operating expenses - General and administrative expenses in the Condensed Consolidated Statements of Comprehensive Income were as follows: | | | | | | | | | | | | | | | | | | | | | Three Months Ended March 31, | | | | | 2025 | | 2024 | | | | | Operating lease cost | | $ | 5,122 | | | $ | 5,637 | | | | | | Variable lease cost | | 2,270 | | | $ | 2,455 | | | | | | Total lease cost | | $ | 7,392 | | | $ | 8,092 | | | | | |
Supplemental cash flow information related to the Company's operating leases is as follows for the three months ended March 31: | | | | | | | | | | | | | | | | | 2025 | | 2024 | Cash paid for amounts included in the measurement of lease liabilities: | | | | | Operating cash flows from operating leases | | $ | 4,520 | | | $ | 5,539 | | Right-of-use assets obtained in exchange for lease obligations: | | | | | Operating leases | | $ | 967 | | | $ | 3,993 | |
|
Schedule of Weighted Average Information Related to Leases |
The weighted average remaining lease term and weighted average discount rate for operating leases as of March 31, are as follows: | | | | | | | | | | | | | | | | | 2025 | | 2024 | Weighted Average Remaining Lease Term | | | | | Operating leases | | 7.5 years | | 7.3 years | Weighted Average Discount Rate | | | | | Operating leases | | 5.20 | % | | 4.92 | % |
|
Schedule of Future Maturities for Operating Leases |
The future maturities of the Company's operating lease liabilities as of March 31, 2025, for the years ended December 31, are as follows: | | | | | | | Operating Lease Maturity | 2025 | $ | 13,495 | | 2026 | 17,550 | | 2027 | 17,376 | | 2028 | 14,977 | | 2029 | 13,420 | | Thereafter | 46,484 | | Total lease payments | 123,302 | | Less: Interest | 23,214 | | Present value of lease liabilities | $ | 100,088 | |
|
X |
- DefinitionAssets And Liabilities, Lessee
+ References
+ Details
Name: |
hsii_AssetsAndLiabilitiesLesseeTableTextBlock |
Namespace Prefix: |
hsii_ |
Data Type: |
dtr-types1:textBlockItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionTabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income.
+ ReferencesReference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org/1943274/2147478964/842-20-50-4
+ Details
Name: |
us-gaap_LeaseCostTableTextBlock |
Namespace Prefix: |
us-gaap_ |
Data Type: |
dtr-types:textBlockItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- References
+ Details
Name: |
us-gaap_LeasesAbstract |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionTabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position.
+ ReferencesReference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org/1943274/2147478964/842-20-50-6
+ Details
Name: |
us-gaap_LesseeOperatingLeaseLiabilityMaturityTableTextBlock |
Namespace Prefix: |
us-gaap_ |
Data Type: |
dtr-types:textBlockItemType |
Balance Type: |
na |
Period Type: |
duration |
|
v3.25.1
Financial Instruments and Fair Value (Tables)
|
3 Months Ended |
Mar. 31, 2025 |
Fair Value Disclosures [Abstract] |
|
Schedule of Unrealized Gain (Loss) on Investments |
The Company's cash, cash equivalents, and marketable securities by significant investment category are as follows: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Amortized Cost | | Unrealized Gains | | | | Fair Value | | Cash and Cash Equivalents | | Marketable Securities | Balance at March 31, 2025 | | | | | | | | | | | | Cash | | | | | | | | | $ | 179,237 | | | $ | — | | | | | | | | | | | | | | Level 1(1): | | | | | | | | | | | | Money market funds | | | | | | | | | 32,707 | | | — | | U.S. Treasury securities | $ | 112,700 | | | $ | 15 | | | | | $ | 112,715 | | | — | | | 112,715 | | Total Level 1 | 112,700 | | | 15 | | | | | 112,715 | | | 32,707 | | | 112,715 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Total | $ | 112,700 | | | $ | 15 | | | | | $ | 112,715 | | | $ | 211,944 | | | $ | 112,715 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Amortized Cost | | Unrealized Gains | | | | Fair Value | | Cash and Cash Equivalents | | Marketable Securities | Balance at December 31, 2024 | | | | | | | | | | | | Cash | | | | | | | | | $ | 256,638 | | | $ | — | | | | | | | | | | | | | | Level 1(1): | | | | | | | | | | | | Money market funds | | | | | | | | | 36,781 | | | — | | U.S. Treasury securities | $ | 270,050 | | | $ | 54 | | | | | $ | 270,104 | | | 222,208 | | | 47,896 | | Total Level 1 | 270,050 | | | 54 | | | | | 270,104 | | | 258,989 | | | 47,896 | | | | | | | | | | | | | | Total | $ | 270,050 | | | $ | 54 | | | | | $ | 270,104 | | | $ | 515,627 | | | $ | 47,896 | |
(1)Level 1 – Quoted prices in active markets for identical assets and liabilities.
|
Schedule of Fair Value, Separate Account Investment |
The following tables provide a summary of the fair value measurements for each major category of investments, assets designated for retirement and pension plans and associated liabilities measured at fair value: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Balance Sheet Classification | | | | | Current Assets | | | | Non-Current Assets | | Current Liabilities | | Non-current Liabilities | | | Fair Value | | Other Current Assets | | | | Assets Designated for Retirement and Pension Plans | | Investments | | Other Current Liabilities | | Retirement and Pension Plans | Balance at March 31, 2025 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Measured on a recurring basis: | | | | | | | | | | | | | | | Level 1(1): | | | | | | | | | | | | | | | U.S. non-qualified deferred compensation plan | | $ | 64,434 | | | $ | — | | | | | $ | — | | | $ | 64,434 | | | $ | — | | | $ | — | | | | | | | | | | | | | | | | | Level 2(2): | | | | | | | | | | | | | | | Retirement and pension plan assets | | 11,611 | | | 1,187 | | | | | 10,424 | | | — | | | — | | | — | | Pension benefit obligation | | (12,961) | | | — | | | | | — | | | — | | | (1,187) | | | (11,774) | | | | | | | | | | | | | | | | | Total Level 2 | | (1,350) | | | 1,187 | | | | | 10,424 | | | — | | | (1,187) | | | (11,774) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Total | | $ | 63,084 | | | $ | 1,187 | | | | | $ | 10,424 | | | $ | 64,434 | | | $ | (1,187) | | | $ | (11,774) | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Balance Sheet Classification | | | | Current Assets | | | | Non-Current Assets | | Current Liabilities | | Non-current Liabilities | | Fair Value | | Other Current Assets | | | | Assets Designated for Retirement and Pension Plans | | Investments | | Other Current Liabilities | | Retirement and Pension Plans | Balance at December 31, 2024 | | | | | | | | | | | | | | | | | | | | | | | | | | | | Measured on a recurring basis: | | | | | | | | | | | | | | Level 1(1): | | | | | | | | | | | | | | U.S. non-qualified deferred compensation plan | $ | 58,290 | | | $ | — | | | | | $ | — | | | $ | 58,290 | | | $ | — | | | $ | — | | | | | | | | | | | | | | | | Level 2(2): | | | | | | | | | | | | | | Retirement and pension plan assets | 11,112 | | | 1,136 | | | | | 9,976 | | | — | | | — | | | — | | Pension benefit obligation | (12,404) | | | — | | | | | — | | | — | | | (1,136) | | | (11,268) | | Total Level 2 | (1,292) | | | 1,136 | | | | | 9,976 | | | — | | | (1,136) | | | (11,268) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Total | $ | 56,998 | | | $ | 1,136 | | | | | $ | 9,976 | | | $ | 58,290 | | | $ | (1,136) | | | $ | (11,268) | |
(1)Level 1 – Quoted prices in active markets for identical assets and liabilities. (2)Level 2 – Quoted prices in active markets for similar assets and liabilities, or other inputs that are observable for the asset or liability, either directly or indirectly, for substantially the full term of the financial instrument.
|
Schedule of Reconciliation of Level 3 Assets and Liabilities |
The following table provides a reconciliation of the beginning and ending balance of Level 3 liabilities for the three months ended March 31, 2025: | | | | | | | | | | | | | | | | | | | | | Earnout | | Contingent Compensation | Balance at December 31, 2024 | | | | $ | (38,648) | | | $ | (22,901) | | | | | | | | | Earnout accretion | | | | (481) | | | — | | Compensation expense | | | | — | | | (2,821) | | Fair value adjustment | | | | (942) | | | — | | Payments | | | | — | | | 4,847 | | Foreign currency translation | | | | (1,697) | | | (775) | | | | | | | | | Balance at March 31, 2025 | | | | $ | (41,768) | | | $ | (21,650) | |
|
X |
- DefinitionTabular disclosure of the fair value of financial instruments, including financial assets and financial liabilities, and the measurements of those instruments, assets, and liabilities.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 11 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482907/825-10-50-11
+ Details
Name: |
us-gaap_FairValueByBalanceSheetGroupingTextBlock |
Namespace Prefix: |
us-gaap_ |
Data Type: |
dtr-types:textBlockItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- References
+ Details
Name: |
us-gaap_FairValueDisclosuresAbstract |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionTabular disclosure of the fair value measurement of liabilities using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets), and gains or losses recognized in other comprehensive income (loss) and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs) by class of liability.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-3
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2
Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2
+ Details
Name: |
us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationTextBlock |
Namespace Prefix: |
us-gaap_ |
Data Type: |
dtr-types:textBlockItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionTabular disclosure of unrealized gains and losses on investments.
+ References
+ Details
Name: |
us-gaap_UnrealizedGainLossOnInvestmentsTableTextBlock |
Namespace Prefix: |
us-gaap_ |
Data Type: |
dtr-types:textBlockItemType |
Balance Type: |
na |
Period Type: |
duration |
|
v3.25.1
Goodwill and Other Intangible Assets (Tables)
|
3 Months Ended |
Mar. 31, 2025 |
Goodwill and Intangible Assets Disclosure [Abstract] |
|
Schedule of Goodwill by Segment |
The Company's goodwill by segment (for the segments that had recorded goodwill) is as follows: | | | | | | | | | | | | | | | | | March 31, 2025 | | December 31, 2024 | Executive Search | | | | | Americas | | $ | 90,977 | | | $ | 90,740 | | Europe | | 1,463 | | | 1,463 | | | | | | | Total Executive Search | | 92,440 | | | 92,203 | | On-Demand Talent | | 106,485 | | | 105,136 | | Heidrick Consulting | | 7,246 | | | 7,246 | | Goodwill, gross | | 206,171 | | | 204,585 | | Accumulated impairment | | (66,724) | | | (66,724) | | Total goodwill | | $ | 139,447 | | | $ | 137,861 | |
|
Schedule of Changes in Carrying Amount of Goodwill by Segment |
Changes in the carrying amount of goodwill by segment (for the segments that had recorded goodwill) for the three months ended March 31, 2025, are as follows: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Executive Search | | On-Demand Talent | | Heidrick Consulting | | | | Americas | | Europe | | | | | | Total | Goodwill | $ | 90,740 | | | $ | 1,463 | | | | | $ | 105,136 | | | $ | 7,246 | | | $ | 204,585 | | Accumulated impairment losses | — | | | (1,463) | | | | | (58,015) | | | (7,246) | | | (66,724) | | Balance at December 31, 2024 | 90,740 | | | — | | | | | 47,121 | | | — | | | 137,861 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Foreign currency translation | 237 | | | — | | | | | 1,349 | | | — | | | 1,586 | | | | | | | | | | | | | | Goodwill | 90,977 | | | 1,463 | | | | | 106,485 | | | 7,246 | | | 206,171 | | Accumulated impairment losses | — | | | (1,463) | | | | | (58,015) | | | (7,246) | | | (66,724) | | Balance at March 31, 2025 | $ | 90,977 | | | $ | — | | | | | $ | 48,470 | | | $ | — | | | $ | 139,447 | |
|
Schedule of Indefinite-Lived Intangible Assets |
The Company’s other intangible assets, net by segment, are as follows: | | | | | | | | | | | | | | | | | March 31, 2025 | | December 31, 2024 | Executive Search | | | | | Americas | | $ | 4 | | | $ | 5 | | Europe | | 29 | | | 37 | | | | | | | Total Executive Search | | 33 | | | 42 | | On-Demand Talent | | 9,636 | | | 10,592 | | Heidrick Consulting | | 1,635 | | | 1,849 | | Total other intangible assets, net | | $ | 11,304 | | | $ | 12,483 | |
|
Schedule of Acquired Finite-Lived Intangible Assets by Major Class |
The carrying amount of amortizable intangible assets and the related accumulated amortization are as follows: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Weighted Average Life (Years) | | March 31, 2025 | | December 31, 2024 | | Gross Carrying Amount | | Accumulated Amortization | | Net Carrying Amount | | Gross Carrying Amount | | Accumulated Amortization | | Net Carrying Amount | Client relationships | 10.7 | | $ | 25,970 | | | $ | (16,773) | | | $ | 9,197 | | | $ | 25,188 | | | $ | (15,371) | | | $ | 9,817 | | Trade name | 3.0 | | 4,979 | | | (4,374) | | | 605 | | | 4,836 | | | (4,039) | | | 797 | | Software | 3.0 | | 8,517 | | | (7,015) | | | 1,502 | | | 8,285 | | | (6,416) | | | 1,869 | | Total intangible assets | 9.2 | | $ | 39,466 | | | $ | (28,162) | | | $ | 11,304 | | | $ | 38,309 | | | $ | (25,826) | | | $ | 12,483 | |
|
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense |
The Company's estimated future amortization expense related to intangible assets as of March 31, 2025, for the following years ended December 31, is as follows: | | | | | | 2025 | $ | 4,285 | | 2026 | 2,500 | | 2027 | 1,520 | | 2028 | 890 | | 2029 | 642 | | Thereafter | 1,467 | | Total | $ | 11,304 | |
|
X |
- References
+ Details
Name: |
us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionTabular disclosure of the characteristics, including initial carrying value, residual amount, weighted average useful life, of finite-lived intangible assets acquired during the period by major class. A major class is composed of intangible assets that can be grouped together because they are similar, either by nature or by their use in the operations of the company.
+ ReferencesReference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482665/350-30-50-1
Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482665/350-30-50-1
+ Details
Name: |
us-gaap_ScheduleOfAcquiredFiniteLivedIntangibleAssetsByMajorClassTextBlock |
Namespace Prefix: |
us-gaap_ |
Data Type: |
dtr-types:textBlockItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionTabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 55 -Paragraph 24 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482548/350-20-55-24
Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482573/350-20-50-1
Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (h) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482573/350-20-50-1
Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482573/350-20-50-1
Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482573/350-20-50-1
Reference 6: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482573/350-20-50-1
Reference 7: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482573/350-20-50-1
Reference 8: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482573/350-20-50-1
Reference 9: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482573/350-20-50-1
Reference 10: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (g) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482573/350-20-50-1
Reference 11: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1A -Publisher FASB -URI https://asc.fasb.org/1943274/2147482573/350-20-50-1A
Reference 12: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482573/350-20-50-2
+ Details
Name: |
us-gaap_ScheduleOfGoodwillTextBlock |
Namespace Prefix: |
us-gaap_ |
Data Type: |
dtr-types:textBlockItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionTabular disclosure of assets, excluding financial assets and goodwill, lacking physical substance and exist in perpetuity, by either major class or business segment.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Section 55 -Paragraph 40 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482640/350-30-55-40
Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482665/350-30-50-2
+ Details
Name: |
us-gaap_ScheduleOfIndefiniteLivedIntangibleAssetsTableTextBlock |
Namespace Prefix: |
us-gaap_ |
Data Type: |
dtr-types:textBlockItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionTabular disclosure of goodwill and intangible assets, which may be broken down by segment or major class.
+ ReferencesReference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-30/tableOfContent
Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-20/tableOfContent
+ Details
Name: |
us-gaap_ScheduleOfIntangibleAssetsAndGoodwillTableTextBlock |
Namespace Prefix: |
us-gaap_ |
Data Type: |
dtr-types:textBlockItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionTabular disclosure of the amount of amortization expense expected to be recorded in succeeding fiscal years for finite-lived intangible assets.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Section 55 -Paragraph 40 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482640/350-30-55-40
Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a)(3) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482665/350-30-50-2
+ Details
Name: |
us-gaap_ScheduleofFiniteLivedIntangibleAssetsFutureAmortizationExpenseTableTextBlock |
Namespace Prefix: |
us-gaap_ |
Data Type: |
dtr-types:textBlockItemType |
Balance Type: |
na |
Period Type: |
duration |
|
v3.25.1
Other Current and Non-current Assets and Liabilities (Tables)
|
3 Months Ended |
Mar. 31, 2025 |
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract] |
|
Schedule of Other Current Assets |
The components of other current assets are as follows: | | | | | | | | | | | | | March 31, 2025 | | December 31, 2024 | Contract assets | $ | 39,883 | | | $ | 33,150 | | Other | 7,538 | | | 6,785 | | Total other current assets | $ | 47,421 | | | $ | 39,935 | |
|
Schedule of Other Current Liabilities |
The components of other current liabilities are as follows: | | | | | | | | | | | | | March 31, 2025 | | December 31, 2024 | Earnout liability | $ | 41,768 | | | $ | — | | Other | 23,101 | | | 21,369 | | Total other current liabilities | $ | 64,869 | | | $ | 21,369 | |
|
Schedule of Other Noncurrent Liabilities |
The components of other non-current liabilities are as follows: | | | | | | | | | | | | | March 31, 2025 | | December 31, 2024 | Earnout liability | $ | — | | | $ | 38,648 | | Other | 4,318 | | | 4,257 | | Total other non-current liabilities | $ | 4,318 | | | $ | 42,905 | |
|
X |
- References
+ Details
Name: |
us-gaap_DeferredCostsCapitalizedPrepaidAndOtherAssetsDisclosureAbstract |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionTabular disclosure of other current liabilities.
+ References
+ Details
Name: |
us-gaap_OtherCurrentLiabilitiesTableTextBlock |
Namespace Prefix: |
us-gaap_ |
Data Type: |
dtr-types:textBlockItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionTabular disclosure of other noncurrent liabilities.
+ References
+ Details
Name: |
us-gaap_OtherNoncurrentLiabilitiesTableTextBlock |
Namespace Prefix: |
us-gaap_ |
Data Type: |
dtr-types:textBlockItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionTabular disclosure of the carrying amounts of other current assets.
+ References
+ Details
Name: |
us-gaap_ScheduleOfOtherCurrentAssetsTableTextBlock |
Namespace Prefix: |
us-gaap_ |
Data Type: |
dtr-types:textBlockItemType |
Balance Type: |
na |
Period Type: |
duration |
|
v3.25.1
Stock-Based Compensation and Common Stock (Tables)
|
3 Months Ended |
Mar. 31, 2025 |
Share-Based Payment Arrangement [Abstract] |
|
Schedule of Share-based Payment Arrangement, Expensed and Capitalized, Amount |
A summary of information with respect to stock-based compensation is as follows: | | | | | | | | | | | | | | | | | Three Months Ended March 31, | | | | 2025 | | 2024 | | | | | Salaries and benefits (1) | $ | 2,614 | | | $ | 3,441 | | | | | | | | | | | | | | Income tax benefit related to stock-based compensation included in net income | 711 | | | 949 | | | | | |
(1) Includes $0.1 million and $0.8 million of expense related to cash-settled restricted stock units for the three months ended March 31, 2025, and 2024.
|
Schedule of Share-based Payment Arrangement, Restricted Stock Unit, Activity |
Restricted stock unit activity for the three months ended March 31, 2025, is as follows: | | | | | | | | | | | | | Number of Restricted Stock Units | | Weighted- Average Grant-Date Fair Value | Outstanding on December 31, 2024 | 675,411 | | | $ | 31.85 | | Granted | 185,594 | | | 46.27 | | Vested and converted to common stock | (115,069) | | | 35.26 | | Forfeited | (19,617) | | | 30.67 | | Outstanding on March 31, 2025 | 726,319 | | | $ | 35.02 | |
|
Schedule of Performance Stock Unit Activity |
Performance stock unit activity for the three months ended March 31, 2025, is as follows: | | | | | | | | | | | | | Number of Performance Stock Units | | Weighted- Average Grant-Date Fair Value | Outstanding on December 31, 2024 | 353,076 | | | $ | 34.17 | | Granted | 132,944 | | | 53.37 | | Vested and converted to common stock | (160,636) | | | 43.57 | | Forfeited | (687) | | | 27.82 | | Outstanding on March 31, 2025 | 324,697 | | | $ | 37.40 | |
|
Schedule of Share-Based Compensation, Phantom Shares Award Outstanding Activity |
Phantom stock unit activity for the three months ended March 31, 2025, is as follows: | | | | | | | Number of Phantom Stock Units | Outstanding on December 31, 2024 | 131,177 | | Granted | 22,049 | | Vested | — | | Forfeited | (1,312) | | Outstanding on March 31, 2025 | 151,914 | |
|
X |
- DefinitionShare-Based Compensation, Phantom Shares Award Outstanding Activity
+ References
+ Details
Name: |
hsii_ShareBasedCompensationPhantomSharesAwardOutstandingActivityTableTextBlock |
Namespace Prefix: |
hsii_ |
Data Type: |
dtr-types1:textBlockItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionTabular disclosure of allocation of amount expensed and capitalized for award under share-based payment arrangement to statement of income or comprehensive income and statement of financial position. Includes, but is not limited to, corresponding line item in financial statement.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2
+ Details
Name: |
us-gaap_ScheduleOfEmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsTextBlock |
Namespace Prefix: |
us-gaap_ |
Data Type: |
dtr-types:textBlockItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionTabular disclosure of the changes in outstanding nonvested performance-based units.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2
+ Details
Name: |
us-gaap_ScheduleOfNonvestedPerformanceBasedUnitsActivityTableTextBlock |
Namespace Prefix: |
us-gaap_ |
Data Type: |
dtr-types:textBlockItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionTabular disclosure of the number and weighted-average grant date fair value for restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock units that were granted, vested, or forfeited during the year.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2
+ Details
Name: |
us-gaap_ScheduleOfShareBasedCompensationRestrictedStockUnitsAwardActivityTableTextBlock |
Namespace Prefix: |
us-gaap_ |
Data Type: |
dtr-types:textBlockItemType |
Balance Type: |
na |
Period Type: |
duration |
|
v3.25.1
Restructuring (Tables)
|
3 Months Ended |
Mar. 31, 2025 |
Restructuring and Related Activities [Abstract] |
|
Schedule of Restructuring Charges Reportable Segment |
Restructuring charges incurred to date for the 2024 Plan by type of charge and reportable segment are as follows: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Executive Search | | | | | | | | | | Americas | | Europe | | Asia Pacific | | On-Demand Talent | | Heidrick Consulting | | Global Operations Support | | Total | Employee related | $ | 1,277 | | | $ | 876 | | | $ | 157 | | | $ | 286 | | | $ | 3,367 | | | $ | 976 | | | $ | 6,939 | | | | | | | | | | | | | | | |
|
Schedule of Restructuring Accrual |
Changes in the restructuring accrual for the three months ended March 31, 2025, were as follows: | | | | | | | | | | | | | | | | | Employee Related | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Accrual balance at December 31, 2024 | | 2,506 | | | | | | | | | | | | | | | | | Cash payments | | (964) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Accrual balance at March 31, 2025 | | $ | 1,542 | | | | | | | |
Restructuring accruals are recorded within current Accrued salaries and benefits in the Consolidated Balance Sheets as of March 31, 2025.
|
X |
- DefinitionTabular disclosure of costs incurred for restructuring including, but not limited to, exit and disposal activities, remediation, implementation, integration, asset impairment, and charges against earnings from the write-down of assets.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SAB Topic 5.P.3) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479823/420-10-S99-1
Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SAB Topic 5.P.4) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479823/420-10-S99-2
Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482017/420-10-50-1
+ Details
Name: |
us-gaap_ScheduleOfRestructuringAndRelatedCostsTextBlock |
Namespace Prefix: |
us-gaap_ |
Data Type: |
dtr-types:textBlockItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionTabular disclosure of an entity's restructuring reserve that occurred during the period associated with the exit from or disposal of business activities or restructurings for each major type of cost. This element may also include a description of any reversal and other adjustment made during the period to the amount of an accrued liability for restructuring activities. This element may be used to encapsulate the roll forward presentations of an entity's restructuring reserve by type of cost and in total, and explanation of changes that occurred in the period.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SAB Topic 5.P.4.b.2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479823/420-10-S99-2
Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (b)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482017/420-10-50-1
+ Details
Name: |
us-gaap_ScheduleOfRestructuringReserveByTypeOfCostTextBlock |
Namespace Prefix: |
us-gaap_ |
Data Type: |
dtr-types:textBlockItemType |
Balance Type: |
na |
Period Type: |
duration |
|
v3.25.1
Changes in Accumulated Other Comprehensive Income (Loss) (Tables)
|
3 Months Ended |
Mar. 31, 2025 |
Equity [Abstract] |
|
Schedule of Accumulated Other Comprehensive Income (Loss) |
The changes in Accumulated other comprehensive income (loss) (“AOCI”) by component for the three months ended March 31, 2025, are as follows: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Available- for- Sale Securities | | Foreign Currency Translation | | Pension | | AOCI | Balance at December 31, 2024 | | $ | 53 | | | $ | (13,770) | | | $ | (328) | | | $ | (14,045) | | Other comprehensive income (loss) before reclassification, net of tax | | (39) | | | 2,541 | | | — | | | 2,502 | | Balance at March 31, 2025 | | $ | 14 | | | $ | (11,229) | | | $ | (328) | | | $ | (11,543) | |
|
X |
- References
+ Details
Name: |
us-gaap_EquityAbstract |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionTabular disclosure of the components of accumulated other comprehensive income (loss).
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 14A -Publisher FASB -URI https://asc.fasb.org/1943274/2147482790/220-10-45-14A
Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 830 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481674/830-30-50-1
Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 830 -SubTopic 30 -Name Accounting Standards Codification -Section 45 -Paragraph 20 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481694/830-30-45-20
+ Details
Name: |
us-gaap_ScheduleOfAccumulatedOtherComprehensiveIncomeLossTableTextBlock |
Namespace Prefix: |
us-gaap_ |
Data Type: |
dtr-types:textBlockItemType |
Balance Type: |
na |
Period Type: |
duration |
|
v3.25.1
Segment Information (Tables)
|
3 Months Ended |
Mar. 31, 2025 |
Segment Reporting [Abstract] |
|
Schedule of Segment Reporting Information, by Segment |
The following table presents a reconciliation of net income to Adjusted EBITDA and Adjusted EBITDA margin: | | | | | | | | | | | | | | | | | | | | | Three Months Ended March 31, | | | | | 2025 | | 2024 | | | | | Revenue before reimbursements (net revenue) | | $ | 283,578 | | | $ | 265,197 | | | | | | | | | | | | | | | Net income | | 13,306 | | | 14,032 | | | | | | Interest, net | | (3,955) | | | (4,086) | | | | | | Other, net | | 2,566 | | | (2,571) | | | | | | Provision for income taxes | | 4,311 | | | 8,899 | | | | | | Operating income | | 16,228 | | | 16,274 | | | | | | | | | | | | | | | Adjustments | | | | | | | | | Depreciation | | 3,179 | | | 2,493 | | | | | | Intangible amortization | | 1,668 | | | 2,297 | | | | | | Earnout accretion | | 481 | | | 466 | | | | | | Earnout fair value adjustments | | 942 | | | — | | | | | | Acquisition contingent consideration | | 2,821 | | | 1,988 | | | | | | Deferred compensation plan | | (358) | | | 2,350 | | | | | | Reorganization costs | | 4,161 | | | — | | | | | | | | | | | | | | | | | | | | | | | | Total adjustments | | 12,894 | | | 9,594 | | | | | | | | | | | | | | | Adjusted EBITDA | | $ | 29,122 | | | $ | 25,868 | | | | | | Adjusted EBITDA margin | | 10.3 | % | | 9.8 | % | | | | | Depreciation and amortization, and capital expenditures, by segment, are as follows: | | | | | | | | | | | | | | | | | Three Months Ended March 31, | | | 2025 | | 2024 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Depreciation and amortization | | | | | Executive Search | | | | | Americas | | $ | 523 | | | $ | 761 | | Europe | | 421 | | | 295 | | Asia Pacific | | 243 | | | 202 | | Total Executive Search | | 1,187 | | | 1,258 | | On-Demand Talent | | 1,498 | | | 1,966 | | Heidrick Consulting | | 575 | | | 642 | | Total segments | | 3,260 | | | 3,866 | | Research and development | | 1,437 | | | 754 | | Global Operations Support | | 150 | | | 170 | | Total depreciation and amortization | | $ | 4,847 | | | $ | 4,790 | | | | | | | Capital expenditures | | | | | Executive Search | | | | | Americas | | $ | 386 | | | $ | 513 | | Europe | | 395 | | | 1,969 | | Asia Pacific | | 72 | | | 425 | | Total Executive Search | | 853 | | | 2,907 | | On-Demand Talent | | 71 | | | 217 | | Heidrick Consulting | | 109 | | | 828 | | Total segments | | 1,033 | | | 3,952 | | Research and development | | 1,625 | | | 1,839 | | Global Operations Support | | 76 | | | 382 | | Total capital expenditures | | $ | 2,734 | | | $ | 6,173 | |
|
Segment, Reconciliation of Other Items from Segments to Consolidated |
The following tables present our segment information, including significant segment expenses, for the three months ended March 31, 2025, and 2024: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months ended March 31, 2025 | | Executive Search | | | | | | | | Americas | | Europe | | Asia Pacific | | On-Demand Talent | | Heidrick Consulting | | Total | Revenue | | | | | | | | | | | | Revenue before reimbursements | $ | 144,404 | | | $ | 45,391 | | | $ | 23,595 | | | $ | 42,564 | | | $ | 27,624 | | | $ | 283,578 | | Reimbursements | | | | | | | | | | | 3,864 | | Total revenue | | | | | | | | | | | 287,442 | | | | | | | | | | | | | | Operating Expenses | | | | | | | | | | | | Salaries and benefits (1) | 90,093 | | | 32,489 | | | 16,817 | | | 11,598 | | | 21,635 | | | 172,632 | | General and administrative (2) | 10,089 | | | 7,860 | | | 3,743 | | | 3,741 | | | 4,851 | | | 30,284 | | Cost of services | — | | | — | | | — | | | 26,825 | | | 3,234 | | | 30,059 | | Total segment operating expenses | 100,182 | | | 40,349 | | | 20,560 | | | 42,164 | | | 29,720 | | | 232,975 | | | | | | | | | | | | | | Segment Adjusted EBITDA | 44,222 | | | 5,042 | | | 3,035 | | | 400 | | | (2,096) | | | 50,603 | | | | | | | | | | | | | | Reconciling Items | | | | | | | | | | | | Research and development expenses (3) | — | | | — | | | — | | | — | | | — | | | 4,624 | | Global Operations Support expenses (3) | — | | | — | | | — | | | — | | | — | | | 16,857 | | Total reconciling expenses | — | | | — | | | — | | | — | | | — | | | 21,481 | | | | | | | | | | | | | | Adjusted EBITDA | $ | 44,222 | | | $ | 5,042 | | | $ | 3,035 | | | $ | 400 | | | $ | (2,096) | | | $ | 29,122 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months ended March 31, 2024 | | Executive Search | | | | | | | | Americas | | Europe | | Asia Pacific | | On-Demand Talent | | Heidrick Consulting | | Total | Revenue | | | | | | | | | | | | Revenue before reimbursements | $ | 136,679 | | | 41,481 | | | 23,321 | | | 37,857 | | | 25,859 | | | $ | 265,197 | | Reimbursements | | | | | | | | | | | 3,901 | | Total revenue | | | | | | | | | | | 269,098 | | | | | | | | | | | | | | Operating Expenses | | | | | | | | | | | | Salaries and benefits (1) | 84,026 | | | 30,254 | | | 16,192 | | | 11,593 | | | 18,884 | | | 160,949 | | General and administrative (2) | 10,782 | | | 7,874 | | | 3,934 | | | 3,095 | | | 5,660 | | | 31,345 | | Cost of services | — | | | — | | | — | | | 24,090 | | | 3,342 | | | 27,432 | | Total segment operating expenses | 94,808 | | | 38,128 | | | 20,126 | | | 38,778 | | | 27,886 | | | 219,726 | | | | | | | | | | | | | | Segment Adjusted EBITDA | 41,871 | | | 3,353 | | | 3,195 | | | (921) | | | (2,027) | | | 45,471 | | | | | | | | | | | | | | Reconciling Items | | | | | | | | | | | | Research and development expenses (3) | — | | | — | | | — | | | — | | | — | | | 4,925 | | Global Operations Support expenses (3) | — | | | — | | | — | | | — | | | — | | | 14,678 | | Total reconciling expenses | — | | | — | | | — | | | — | | | — | | | 19,603 | | | | | | | | | | | | | | Adjusted EBITDA | $ | 41,871 | | | $ | 3,353 | | | $ | 3,195 | | | $ | (921) | | | $ | (2,027) | | | $ | 25,868 | |
(1) Includes base salaries, payroll taxes, retirement benefits, separation and stock-based compensation. Excludes contingent compensation, deferred compensation plan income or expense and reorganization costs as these income/expense items are not included within the Company's measure of segment profitability. (2) Includes professional fees, business development travel, information technology, communication services, marketing, taxes and licenses, temporary labor, bad debt, and other operating expenses. Excludes depreciation, intangible amortization, earnout accretion and earnout fair value adjustments as these income/expense items are not included within the Company's measure of segment profitability. (3) Excludes depreciation expense and deferred compensation plan income expense as these income/expense items are not included within the Company's measure of segment profitability.
|
X |
- DefinitionTabular disclosure of reconciliation of other items from reportable segments to their consolidated amount. Excludes reconciliation of revenue, profit (loss), and assets.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-31
Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30
+ Details
Name: |
us-gaap_ReconciliationOfOtherSignificantReconcilingItemsFromSegmentsToConsolidatedTextBlock |
Namespace Prefix: |
us-gaap_ |
Data Type: |
dtr-types:textBlockItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionTabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25
Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22
Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30
+ Details
Name: |
us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock |
Namespace Prefix: |
us-gaap_ |
Data Type: |
dtr-types:textBlockItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- References
+ Details
Name: |
us-gaap_SegmentReportingAbstract |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
v3.25.1
Summary of Significant Accounting Policies - Reconciliation of Cash and Cash Equivalents between Balance Sheet and Cash Flow Statements (Details) - USD ($) $ in Thousands |
Mar. 31, 2025 |
Dec. 31, 2024 |
Mar. 31, 2024 |
Dec. 31, 2023 |
Accounting Policies [Abstract] |
|
|
|
|
Cash and cash equivalents |
$ 211,944
|
$ 515,627
|
$ 252,831
|
$ 412,618
|
Restricted cash included within other non-current assets |
194
|
186
|
0
|
0
|
Total cash, cash equivalents and restricted cash |
$ 212,138
|
$ 515,813
|
$ 252,831
|
$ 412,618
|
X |
- References
+ Details
Name: |
us-gaap_AccountingPoliciesAbstract |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionAmount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(1)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1
Reference 2: http://www.xbrl.org/2003/role/exampleRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483467/210-10-45-1
Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482740/230-10-45-4
+ Details
Name: |
us-gaap_CashAndCashEquivalentsAtCarryingValue |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
instant |
|
X |
- DefinitionAmount of cash and cash equivalents, and cash and cash equivalents restricted to withdrawal or usage. Excludes amount for disposal group and discontinued operations. Cash includes, but is not limited to, currency on hand, demand deposits with banks or financial institutions, and other accounts with general characteristics of demand deposits. Cash equivalents include, but are not limited to, short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 230 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 8 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482913/230-10-50-8
Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 230 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 24 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482740/230-10-45-24
Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482740/230-10-45-4
+ Details
Name: |
us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
instant |
|
X |
- DefinitionAmount of cash restricted as to withdrawal or usage. Cash includes, but is not limited to, currency on hand, demand deposits with banks or financial institutions, and other accounts with general characteristics of demand deposits.
+ ReferencesReference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 944 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03(a)(2)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478777/944-210-S99-1
Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(1)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1
Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 230 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 8 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482913/230-10-50-8
Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 942 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03(1)(a)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478546/942-210-S99-1
+ Details
Name: |
us-gaap_RestrictedCash |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
instant |
|
v3.25.1
Summary of Significant Accounting Policies - Schedule of Earnings per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands |
3 Months Ended |
Mar. 31, 2025 |
Mar. 31, 2024 |
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] |
|
|
Net income |
$ 13,306
|
$ 14,032
|
Weighted average shares outstanding: |
|
|
Basic (in shares) |
20,464
|
20,144
|
Diluted (in shares) |
21,318
|
21,040
|
Basic earnings (loss) per share (in dollars per share) |
$ 0.65
|
$ 0.70
|
Diluted earnings (loss) per share (in dollars per share) |
$ 0.62
|
$ 0.67
|
Restricted stock units |
|
|
Weighted average shares outstanding: |
|
|
Effect of dilutive securities: |
562
|
593
|
Performance stock units |
|
|
Weighted average shares outstanding: |
|
|
Effect of dilutive securities: |
292
|
303
|
X |
- DefinitionLine items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.
+ References
+ Details
Name: |
us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareLineItems |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionThe amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 250 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483443/250-10-50-6
Reference 2: http://www.xbrl.org/2003/role/exampleRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 52 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482635/260-10-55-52
Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 805 -SubTopic 60 -Name Accounting Standards Codification -Section 65 -Paragraph 1 -Subparagraph (g) -Publisher FASB -URI https://asc.fasb.org/1943274/2147476176/805-60-65-1
Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 740 -SubTopic 323 -Name Accounting Standards Codification -Section 65 -Paragraph 2 -Subparagraph (g)(3) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478666/740-323-65-2
Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 250 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483443/250-10-50-3
Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482635/260-10-55-15
Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 40 -Name Accounting Standards Codification -Section 65 -Paragraph 1 -Subparagraph (e)(4) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480175/815-40-65-1
Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 40 -Name Accounting Standards Codification -Section 65 -Paragraph 1 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480175/815-40-65-1
Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 250 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 11 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483443/250-10-50-11
Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 250 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 11 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483443/250-10-50-11
Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Topic 250 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 7 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483443/250-10-50-7
Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482689/260-10-45-2
Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 60B -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482689/260-10-45-60B
Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Topic 250 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483443/250-10-50-4
Reference 15: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-1
Reference 16: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482689/260-10-45-10
Reference 17: http://www.xbrl.org/2003/role/disclosureRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(25)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483621/220-10-S99-2
Reference 18: http://www.xbrl.org/2003/role/disclosureRef -Topic 942 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-04(27)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478524/942-220-S99-1
Reference 19: http://www.xbrl.org/2003/role/disclosureRef -Topic 944 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-04(23)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147477250/944-220-S99-1
Reference 20: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 7 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482689/260-10-45-7
+ Details
Name: |
us-gaap_EarningsPerShareBasic |
Namespace Prefix: |
us-gaap_ |
Data Type: |
dtr-types:perShareItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionThe amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 250 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483443/250-10-50-6
Reference 2: http://www.xbrl.org/2003/role/exampleRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 52 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482635/260-10-55-52
Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 805 -SubTopic 60 -Name Accounting Standards Codification -Section 65 -Paragraph 1 -Subparagraph (g) -Publisher FASB -URI https://asc.fasb.org/1943274/2147476176/805-60-65-1
Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 740 -SubTopic 323 -Name Accounting Standards Codification -Section 65 -Paragraph 2 -Subparagraph (g)(3) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478666/740-323-65-2
Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 250 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483443/250-10-50-3
Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482635/260-10-55-15
Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 40 -Name Accounting Standards Codification -Section 65 -Paragraph 1 -Subparagraph (e)(4) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480175/815-40-65-1
Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 40 -Name Accounting Standards Codification -Section 65 -Paragraph 1 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480175/815-40-65-1
Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 250 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 11 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483443/250-10-50-11
Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 250 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 11 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483443/250-10-50-11
Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Topic 250 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 7 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483443/250-10-50-7
Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482689/260-10-45-2
Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 60B -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482689/260-10-45-60B
Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Topic 250 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483443/250-10-50-4
Reference 15: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-1
Reference 16: http://www.xbrl.org/2003/role/disclosureRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(25)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483621/220-10-S99-2
Reference 17: http://www.xbrl.org/2003/role/disclosureRef -Topic 942 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-04(27)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478524/942-220-S99-1
Reference 18: http://www.xbrl.org/2003/role/disclosureRef -Topic 944 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-04(23)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147477250/944-220-S99-1
Reference 19: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 7 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482689/260-10-45-7
+ Details
Name: |
us-gaap_EarningsPerShareDiluted |
Namespace Prefix: |
us-gaap_ |
Data Type: |
dtr-types:perShareItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionAdditional shares included in the calculation of diluted EPS as a result of the potentially dilutive effect of share based payment arrangements using the treasury stock method.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480454/718-10-45-1
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-1
Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482689/260-10-45-22
Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 23 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482689/260-10-45-23
Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 28A -Publisher FASB -URI https://asc.fasb.org/1943274/2147482689/260-10-45-28A
+ Details
Name: |
us-gaap_IncrementalCommonSharesAttributableToShareBasedPaymentArrangements |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:sharesItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionThe portion of profit or loss for the period, net of income taxes, which is attributable to the parent.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 250 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483443/250-10-50-6
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 250 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 9 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483443/250-10-50-9
Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 805 -SubTopic 60 -Name Accounting Standards Codification -Section 65 -Paragraph 1 -Subparagraph (g) -Publisher FASB -URI https://asc.fasb.org/1943274/2147476176/805-60-65-1
Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 740 -SubTopic 323 -Name Accounting Standards Codification -Section 65 -Paragraph 2 -Subparagraph (g)(3) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478666/740-323-65-2
Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(20)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483621/220-10-S99-2
Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(g)(1)(ii)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1
Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 323 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481687/323-10-50-3
Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 825 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 28 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482907/825-10-50-28
Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482765/220-10-50-6
Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 250 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483443/250-10-50-3
Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Topic 250 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (b)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483443/250-10-50-1
Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 40 -Name Accounting Standards Codification -Section 65 -Paragraph 1 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480175/815-40-65-1
Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Topic 250 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 8 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483443/250-10-50-8
Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Topic 250 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 11 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483443/250-10-50-11
Reference 15: http://www.xbrl.org/2003/role/disclosureRef -Topic 250 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 11 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483443/250-10-50-11
Reference 16: http://www.xbrl.org/2003/role/disclosureRef -Topic 250 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483443/250-10-50-4
Reference 17: http://www.xbrl.org/2003/role/exampleRef -Topic 946 -SubTopic 830 -Name Accounting Standards Codification -Section 55 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479168/946-830-55-10
Reference 18: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 220 -Name Accounting Standards Codification -Section 45 -Paragraph 7 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479105/946-220-45-7
Reference 19: http://www.xbrl.org/2003/role/disclosureRef -Topic 944 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-04(18)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147477250/944-220-S99-1
Reference 20: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.6-07(9)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479134/946-220-S99-1
Reference 21: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 3 -Subparagraph (SX 210.6-09(1)(d)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479134/946-220-S99-3
Reference 22: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(4)(i)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A
Reference 23: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(4)(ii)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A
Reference 24: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(4)(iii)(A)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A
Reference 25: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(4)(iv)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A
Reference 26: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(5)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A
Reference 27: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(4)(i)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B
Reference 28: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(4)(iii)(A)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B
Reference 29: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(4)(iii)(B)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B
Reference 30: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(4)(iv)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B
Reference 31: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(5)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B
Reference 32: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 60B -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482689/260-10-45-60B
Reference 33: http://www.xbrl.org/2003/role/disclosureRef -Topic 205 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 7 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483499/205-20-50-7
Reference 34: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 230 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 28 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482740/230-10-45-28
Reference 35: http://www.xbrl.org/2003/role/disclosureRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 1A -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482790/220-10-45-1A
Reference 36: http://www.xbrl.org/2003/role/disclosureRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 1B -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482790/220-10-45-1B
Reference 37: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 942 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-04(22)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478524/942-220-S99-1
+ Details
Name: |
us-gaap_NetIncomeLoss |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- DefinitionThe average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-1
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 16 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482689/260-10-45-16
+ Details
Name: |
us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:sharesItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionNumber of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-1
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482689/260-10-45-10
+ Details
Name: |
us-gaap_WeightedAverageNumberOfSharesOutstandingBasic |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:sharesItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- References
+ Details
Name: |
us-gaap_WeightedAverageNumberOfSharesOutstandingDilutedDisclosureItemsAbstract |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- Details
Name: |
us-gaap_AwardTypeAxis=us-gaap_RestrictedStockUnitsRSUMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
v3.25.1
X |
- References
+ Details
Name: |
us-gaap_AccountingPoliciesAbstract |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionNumber of reporting units tested for impairment of goodwill. A reporting unit is an operating segment or one level below an operating segment.
+ References
+ Details
Name: |
us-gaap_NumberOfReportingUnits |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:integerItemType |
Balance Type: |
na |
Period Type: |
duration |
|
v3.25.1
X |
- DefinitionAmount of revenue recognized that was previously included in balance of obligation to transfer good or service to customer for which consideration from customer has been received or is due.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 8 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-8
+ Details
Name: |
us-gaap_ContractWithCustomerLiabilityRevenueRecognized |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- References
+ Details
Name: |
us-gaap_RevenueFromContractWithCustomerAbstract |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
v3.25.1
Revenue - Summary of Changes in Contract Assets and Liabilities (Details) - USD ($) $ in Thousands |
3 Months Ended |
|
Mar. 31, 2025 |
Dec. 31, 2024 |
Contract assets |
|
|
Unbilled receivables, net |
$ 21,302
|
$ 17,610
|
Contract assets |
18,581
|
15,540
|
Total contract assets |
39,883
|
33,150
|
Contract liabilities |
|
|
Deferred revenue |
55,957
|
$ 51,085
|
Change in contract assets |
|
|
Unbilled receivables, net |
3,692
|
|
Contract assets |
3,041
|
|
Total contract assets |
6,733
|
|
Change in contract liabilities |
|
|
Deferred revenue |
$ 4,872
|
|
X |
- DefinitionIncrease (Decrease) In Contract With Customer, After Allowance For Credit Loss
+ References
+ Details
Name: |
hsii_IncreaseDecreaseInContractWithCustomerAfterAllowanceForCreditLoss |
Namespace Prefix: |
hsii_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- DefinitionIncrease (Decrease) in Unbilled Contracts Receivable
+ References
+ Details
Name: |
hsii_IncreaseDecreaseInUnbilledContractsReceivable |
Namespace Prefix: |
hsii_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- References
+ Details
Name: |
us-gaap_ChangeInContractWithCustomerAssetAbstract |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- References
+ Details
Name: |
us-gaap_ChangeInContractWithCustomerLiabilityAbstract |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionAmount, before allowance for credit loss, of right to consideration in exchange for good or service transferred to customer, when right is conditioned on something other than passage of time.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Topic 310 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 7A -Publisher FASB -URI https://asc.fasb.org/1943274/2147481962/310-10-50-7A
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 326 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 14 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479319/326-20-50-14
Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479837/606-10-45-1
Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479837/606-10-45-3
+ Details
Name: |
us-gaap_ContractWithCustomerAssetGross |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
instant |
|
X |
- DefinitionAmount, after allowance for credit loss, of right to consideration in exchange for good or service transferred to customer when right is conditioned on something other than passage of time.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479837/606-10-45-3
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479837/606-10-45-1
Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 8 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-8
+ Details
Name: |
us-gaap_ContractWithCustomerAssetNet |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
instant |
|
X |
- References
+ Details
Name: |
us-gaap_ContractWithCustomerAssetNetAbstract |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- References
+ Details
Name: |
us-gaap_ContractWithCustomerLiabilityAbstract |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionAmount of obligation to transfer good or service to customer for which consideration has been received or is receivable, classified as current.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479837/606-10-45-1
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 8 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-8
Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479837/606-10-45-2
+ Details
Name: |
us-gaap_ContractWithCustomerLiabilityCurrent |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
X |
- DefinitionAmount of increase (decrease) in right to consideration in exchange for good or service transferred to customer when right is conditioned on something other than passage of time.
+ ReferencesReference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 230 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 28 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482740/230-10-45-28
+ Details
Name: |
us-gaap_IncreaseDecreaseInContractWithCustomerAsset |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- DefinitionAmount of increase (decrease) in obligation to transfer good or service to customer for which consideration has been received or is receivable.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 912 -SubTopic 310 -Name Accounting Standards Codification -Section 45 -Paragraph 11 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478345/912-310-45-11
Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 230 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 28 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482740/230-10-45-28
+ Details
Name: |
us-gaap_IncreaseDecreaseInContractWithCustomerLiability |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- DefinitionUnbilled amounts due for services rendered or to be rendered, actions taken or to be taken, or a promise to refrain from taking certain actions in accordance with the terms of a legally binding agreement between the entity and, at a minimum, one other party. An example would be amounts associated with contracts or programs where the recognized revenue for performance thereunder exceeds the amounts billed under the terms thereof as of the date of the balance sheet.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 912 -SubTopic 310 -Name Accounting Standards Codification -Section 45 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147478345/912-310-45-2
+ Details
Name: |
us-gaap_UnbilledContractsReceivable |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
instant |
|
v3.25.1
X |
- DefinitionAccounts Receivable, Allowance for Credit Loss, Foreign Currency Translation
+ References
+ Details
Name: |
hsii_AccountsReceivableAllowanceForCreditLossForeignCurrencyTranslation |
Namespace Prefix: |
hsii_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- DefinitionAmount of allowance for credit loss on accounts receivable.
+ ReferencesReference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 944 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03(a)(5)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478777/944-210-S99-1
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(4)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1
Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 326 -SubTopic 20 -Name Accounting Standards Codification -Section 45 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479344/326-20-45-1
Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 310 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481962/310-10-50-4
Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 326 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479319/326-20-50-13
Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 326 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479319/326-20-50-13
+ Details
Name: |
us-gaap_AllowanceForDoubtfulAccountsReceivable |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
X |
- DefinitionA roll forward is a reconciliation of a concept from the beginning of a period to the end of a period.
+ References
+ Details
Name: |
us-gaap_AllowanceForDoubtfulAccountsReceivableRollforward |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionAmount of direct write-downs of accounts receivable charged against the allowance.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 326 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479319/326-20-50-13
+ Details
Name: |
us-gaap_AllowanceForDoubtfulAccountsReceivableWriteOffs |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- DefinitionAmount of expense (reversal of expense) for expected credit loss on accounts receivable.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 326 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479319/326-20-50-13
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(5)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483621/220-10-S99-2
+ Details
Name: |
us-gaap_ProvisionForDoubtfulAccounts |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
v3.25.1
X |
- References
+ Details
Name: |
us-gaap_CreditLossAbstract |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionNumber of investments in debt securities measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale), in unrealized loss position, without allowance for credit loss. Includes beneficial interest in securitized financial asset.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Subparagraph (b)(3) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481800/320-10-50-6
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 326 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Subparagraph (b)(3) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479106/326-30-50-4
+ Details
Name: |
us-gaap_DebtSecuritiesAvailableForSaleUnrealizedLossPositionNumberOfPositions |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:integerItemType |
Balance Type: |
na |
Period Type: |
instant |
|
v3.25.1
Property and Equipment, net - Schedule of Property and Equipment (Details) - USD ($) $ in Thousands |
Mar. 31, 2025 |
Dec. 31, 2024 |
Property, Plant and Equipment [Line Items] |
|
|
Property and equipment, gross |
$ 115,519
|
$ 111,777
|
Accumulated depreciation |
(63,581)
|
(60,092)
|
Property and equipment, net |
51,938
|
51,685
|
Leasehold improvements |
|
|
Property, Plant and Equipment [Line Items] |
|
|
Property and equipment, gross |
51,000
|
49,744
|
Office furniture, fixtures and equipment |
|
|
Property, Plant and Equipment [Line Items] |
|
|
Property and equipment, gross |
14,926
|
14,384
|
Computer equipment and software |
|
|
Property, Plant and Equipment [Line Items] |
|
|
Property and equipment, gross |
$ 49,593
|
$ 47,649
|
X |
- DefinitionAmount of accumulated depreciation, depletion and amortization for physical assets used in the normal conduct of business to produce goods and services.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 944 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03(a)(8)(b)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478777/944-210-S99-1
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(14)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1
Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482099/360-10-50-1
+ Details
Name: |
us-gaap_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
X |
- DefinitionAmount before accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 944 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03(a)(8)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478777/944-210-S99-1
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(13)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1
Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 360 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482099/360-10-50-1
+ Details
Name: |
us-gaap_PropertyPlantAndEquipmentGross |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
instant |
|
X |
- DefinitionLine items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 7A -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478964/842-20-50-7A
+ Details
Name: |
us-gaap_PropertyPlantAndEquipmentLineItems |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionAmount after accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business to produce goods and services and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -SubTopic 10 -Topic 360 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482099/360-10-50-1
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 7A -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478964/842-20-50-7A
Reference 3: http://www.xbrl.org/2003/role/exampleRef -Topic 852 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481372/852-10-55-10
Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 944 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03(a)(8)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478777/944-210-S99-1
Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 942 -SubTopic 360 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org/1943274/2147478451/942-360-50-1
+ Details
Name: |
us-gaap_PropertyPlantAndEquipmentNet |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
instant |
|
X |
- Details
Name: |
us-gaap_PropertyPlantAndEquipmentByTypeAxis=us-gaap_LeaseholdImprovementsMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
us-gaap_PropertyPlantAndEquipmentByTypeAxis=us-gaap_FurnitureAndFixturesMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
us-gaap_PropertyPlantAndEquipmentByTypeAxis=us-gaap_ComputerEquipmentMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
v3.25.1
X |
- DefinitionThe amount of expense recognized in the current period that reflects the allocation of the cost of tangible assets over the assets' useful lives. Includes production and non-production related depreciation.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 45 -Paragraph 28 -Subparagraph (b) -SubTopic 10 -Topic 230 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482740/230-10-45-28
Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482099/360-10-50-1
+ Details
Name: |
us-gaap_Depreciation |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- References
+ Details
Name: |
us-gaap_PropertyPlantAndEquipmentAbstract |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
v3.25.1
Leases - Narrative (Details)
|
Mar. 31, 2025 |
Minimum | Building |
|
Lessee, Lease, Description [Line Items] |
|
Lessee, operating lease, term of contract (in years) |
1 year
|
Minimum | Equipment |
|
Lessee, Lease, Description [Line Items] |
|
Lessee, operating lease, term of contract (in years) |
1 year
|
Maximum | Building |
|
Lessee, Lease, Description [Line Items] |
|
Lessee, operating lease, term of contract (in years) |
10 years 10 months 24 days
|
Maximum | Equipment |
|
Lessee, Lease, Description [Line Items] |
|
Lessee, operating lease, term of contract (in years) |
4 years 6 months
|
X |
- DefinitionLine items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 7A -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478964/842-20-50-7A
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147478964/842-20-50-3
+ Details
Name: |
us-gaap_LesseeLeaseDescriptionLineItems |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionTerm of lessee's operating lease, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents reported fact of one year, five months, and thirteen days.
+ ReferencesReference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (a)(3) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478964/842-20-50-3
+ Details
Name: |
us-gaap_LesseeOperatingLeaseTermOfContract |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:durationItemType |
Balance Type: |
na |
Period Type: |
instant |
|
X |
- Details
Name: |
srt_RangeAxis=srt_MinimumMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
us-gaap_PropertyPlantAndEquipmentByTypeAxis=us-gaap_BuildingMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
us-gaap_PropertyPlantAndEquipmentByTypeAxis=us-gaap_EquipmentMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
srt_RangeAxis=srt_MaximumMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
v3.25.1
X |
- DefinitionAmount of lease cost recognized by lessee for lease contract.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 55 -Paragraph 53 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479589/842-20-55-53
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org/1943274/2147478964/842-20-50-4
+ Details
Name: |
us-gaap_LeaseCost |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- References
+ Details
Name: |
us-gaap_LeasesAbstract |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionAmount of single lease cost, calculated by allocation of remaining cost of lease over remaining lease term. Includes, but is not limited to, single lease cost, after impairment of right-of-use asset, calculated by amortization of remaining right-of-use asset and accretion of lease liability.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 55 -Paragraph 53 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479589/842-20-55-53
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478964/842-20-50-4
+ Details
Name: |
us-gaap_OperatingLeaseCost |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- DefinitionAmount of variable lease cost, excluded from lease liability, recognized when obligation for payment is incurred for finance and operating leases.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 55 -Paragraph 53 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479589/842-20-55-53
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478964/842-20-50-4
+ Details
Name: |
us-gaap_VariableLeaseCost |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
v3.25.1
X |
- References
+ Details
Name: |
us-gaap_LeasesAbstract |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionAmount of cash outflow from operating lease, excluding payments to bring another asset to condition and location necessary for its intended use.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 45 -Paragraph 5 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479041/842-20-45-5
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Subparagraph (g)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478964/842-20-50-4
+ Details
Name: |
us-gaap_OperatingLeasePayments |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- DefinitionAmount of increase in right-of-use asset obtained in exchange for operating lease liability.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 55 -Paragraph 53 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479589/842-20-55-53
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Subparagraph (g)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478964/842-20-50-4
+ Details
Name: |
us-gaap_RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
v3.25.1
X |
- References
+ Details
Name: |
us-gaap_LeasesAbstract |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionWeighted average discount rate for operating lease calculated at point in time.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 55 -Paragraph 53 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479589/842-20-55-53
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Subparagraph (g)(4) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478964/842-20-50-4
+ Details
Name: |
us-gaap_OperatingLeaseWeightedAverageDiscountRatePercent |
Namespace Prefix: |
us-gaap_ |
Data Type: |
dtr-types:percentItemType |
Balance Type: |
na |
Period Type: |
instant |
|
X |
- DefinitionWeighted average remaining lease term for operating lease, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents reported fact of one year, five months, and thirteen days.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 55 -Paragraph 53 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479589/842-20-55-53
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Subparagraph (g)(3) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478964/842-20-50-4
+ Details
Name: |
us-gaap_OperatingLeaseWeightedAverageRemainingLeaseTerm1 |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:durationItemType |
Balance Type: |
na |
Period Type: |
instant |
|
v3.25.1
Leases - Schedule of Future Maturities for Operating Leases (Details) $ in Thousands |
Mar. 31, 2025
USD ($)
|
Leases [Abstract] |
|
2025 |
$ 13,495
|
2026 |
17,550
|
2027 |
17,376
|
2028 |
14,977
|
2029 |
13,420
|
Thereafter |
46,484
|
Total lease payments |
123,302
|
Less: Interest |
23,214
|
Present value of lease liabilities |
$ 100,088
|
X |
- DefinitionLessee, Operating Lease, Liability, to be Paid, After Year Four
+ References
+ Details
Name: |
hsii_LesseeOperatingLeaseLiabilityToBePaidAfterYearFour |
Namespace Prefix: |
hsii_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
X |
- References
+ Details
Name: |
us-gaap_LeasesAbstract |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionAmount of lessee's undiscounted obligation for lease payment for operating lease.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org/1943274/2147478964/842-20-50-6
+ Details
Name: |
us-gaap_LesseeOperatingLeaseLiabilityPaymentsDue |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
X |
- DefinitionAmount of lessee's undiscounted obligation for lease payment for operating lease to be paid in next fiscal year following current fiscal year. Excludes interim and annual periods when interim periods are reported from current statement of financial position date (rolling approach).
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org/1943274/2147478964/842-20-50-6
+ Details
Name: |
us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
X |
- DefinitionAmount of lessee's undiscounted obligation for lease payment for operating lease to be paid in fourth fiscal year following current fiscal year. Excludes interim and annual periods when interim periods are reported from current statement of financial position date (rolling approach).
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org/1943274/2147478964/842-20-50-6
+ Details
Name: |
us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearFour |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
X |
- DefinitionAmount of lessee's undiscounted obligation for lease payment for operating lease to be paid in third fiscal year following current fiscal year. Excludes interim and annual periods when interim periods are reported from current statement of financial position date (rolling approach).
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org/1943274/2147478964/842-20-50-6
+ Details
Name: |
us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearThree |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
X |
- DefinitionAmount of lessee's undiscounted obligation for lease payment for operating lease to be paid in second fiscal year following current fiscal year. Excludes interim and annual periods when interim periods are reported from current statement of financial position date (rolling approach).
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org/1943274/2147478964/842-20-50-6
+ Details
Name: |
us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearTwo |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
X |
- DefinitionAmount of lessee's undiscounted obligation for lease payment for operating lease having initial or remaining lease term in excess of one year to be paid in remainder of current fiscal year.
+ ReferencesReference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org/1943274/2147478964/842-20-50-6
+ Details
Name: |
us-gaap_LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
X |
- DefinitionAmount of lessee's undiscounted obligation for lease payments in excess of discounted obligation for lease payments for operating lease.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org/1943274/2147478964/842-20-50-6
+ Details
Name: |
us-gaap_LesseeOperatingLeaseLiabilityUndiscountedExcessAmount |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
X |
- DefinitionPresent value of lessee's discounted obligation for lease payments from operating lease.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 45 -Paragraph 1 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479041/842-20-45-1
+ Details
Name: |
us-gaap_OperatingLeaseLiability |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
v3.25.1
Financial Instruments and Fair Value - Schedule of Unrealized Gain (Loss) on Investments (Details) - USD ($) $ in Thousands |
Mar. 31, 2025 |
Dec. 31, 2024 |
Mar. 31, 2024 |
Dec. 31, 2023 |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] |
|
|
|
|
Amortized Cost |
$ 112,700
|
$ 270,050
|
|
|
Unrealized Gains |
15
|
54
|
|
|
Fair Value |
112,715
|
270,104
|
|
|
Cash and cash equivalents |
211,944
|
515,627
|
$ 252,831
|
$ 412,618
|
Marketable Securities |
112,715
|
47,896
|
|
|
Fair Value, Inputs, Level 1 |
|
|
|
|
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] |
|
|
|
|
Amortized Cost |
112,700
|
270,050
|
|
|
Unrealized Gains |
15
|
54
|
|
|
Fair Value |
112,715
|
270,104
|
|
|
Cash and cash equivalents |
32,707
|
258,989
|
|
|
Marketable Securities |
112,715
|
47,896
|
|
|
Fair Value, Inputs, Level 1 | Money market funds |
|
|
|
|
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] |
|
|
|
|
Cash and cash equivalents |
32,707
|
36,781
|
|
|
Marketable Securities |
0
|
0
|
|
|
Fair Value, Inputs, Level 1 | U.S. Treasury securities |
|
|
|
|
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] |
|
|
|
|
Amortized Cost |
112,700
|
270,050
|
|
|
Unrealized Gains |
15
|
54
|
|
|
Fair Value |
112,715
|
270,104
|
|
|
Cash and cash equivalents |
0
|
222,208
|
|
|
Marketable Securities |
112,715
|
47,896
|
|
|
Cash |
|
|
|
|
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] |
|
|
|
|
Cash and cash equivalents |
179,237
|
256,638
|
|
|
Marketable Securities |
$ 0
|
$ 0
|
|
|
X |
- DefinitionAmount, before tax, of unrealized gain in accumulated other comprehensive income (AOCI) on investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale).
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481800/320-10-50-2
+ Details
Name: |
us-gaap_AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
X |
- DefinitionAmount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(1)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1
Reference 2: http://www.xbrl.org/2003/role/exampleRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483467/210-10-45-1
Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482740/230-10-45-4
+ Details
Name: |
us-gaap_CashAndCashEquivalentsAtCarryingValue |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
instant |
|
X |
- DefinitionAmortized cost excluding accrued interest, after allowance for credit loss, of investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale).
+ ReferencesReference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 326 -SubTopic 30 -Name Accounting Standards Codification -Section 45 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479130/326-30-45-1
+ Details
Name: |
us-gaap_DebtSecuritiesAvailableForSaleAmortizedCostExcludingAccruedInterestAfterAllowanceForCreditLoss |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
instant |
|
X |
- DefinitionAmount excluding accrued interest, of investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale).
+ ReferencesReference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 326 -SubTopic 30 -Name Accounting Standards Codification -Section 45 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479130/326-30-45-1
+ Details
Name: |
us-gaap_DebtSecuritiesAvailableForSaleExcludingAccruedInterest |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
instant |
|
X |
- DefinitionLine items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.
+ References
+ Details
Name: |
us-gaap_FairValueBalanceSheetGroupingFinancialStatementCaptionsLineItems |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionAmount of investment in marketable security.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 942 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03(4)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478546/942-210-S99-1
Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(2)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1
+ Details
Name: |
us-gaap_MarketableSecurities |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
instant |
|
X |
- Details
Name: |
us-gaap_FinancialInstrumentAxis=us-gaap_MoneyMarketFundsMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
us-gaap_FinancialInstrumentAxis=us-gaap_USTreasurySecuritiesMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
us-gaap_CashAndCashEquivalentsAxis=us-gaap_CashMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
v3.25.1
Financial Instruments and Fair Value - Narrative (Details) - USD ($)
|
3 Months Ended |
|
Mar. 31, 2025 |
Dec. 31, 2024 |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] |
|
|
Aggregate cost basis for non-qualified deferred compensation plan |
$ 52,000,000.0
|
$ 45,300,000
|
Acquisition earnout accruals, non-current |
0
|
38,648,000
|
Acquisition earnout accruals, current |
41,768,000
|
0
|
Equity investment without readily determinable fair value, amount |
11,000,000
|
11,000,000
|
Equity investment without readily determinable fair value, impairment loss |
0
|
|
Earnout | Fair Value, Inputs, Level 3 | Non-Current and Other Non-Current Liabilities |
|
|
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] |
|
|
Acquisition earnout accruals, non-current |
41,800,000
|
38,600,000
|
Contingent Compensation | Fair Value, Inputs, Level 3 | Current Accrued Salaries and Benefits |
|
|
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] |
|
|
Acquisition earnout accruals, current |
$ 21,700,000
|
4,900,000
|
Contingent Compensation | Fair Value, Inputs, Level 3 | Non-Current Accrued Salaries and Benefits |
|
|
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] |
|
|
Acquisition earnout accruals, non-current |
|
$ 18,000,000
|
X |
- DefinitionAcquisition Earnout Accruals, Current
+ References
+ Details
Name: |
hsii_AcquisitionEarnoutAccrualsCurrent |
Namespace Prefix: |
hsii_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
X |
- DefinitionAcquisition Earnout Accruals, Non-Current
+ References
+ Details
Name: |
hsii_AcquisitionEarnoutAccrualsNonCurrent |
Namespace Prefix: |
hsii_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
X |
- DefinitionAggregate Cost Basis for Non-Qualified Deferred Compensation Plan
+ References
+ Details
Name: |
hsii_AggregateCostBasisForNonQualifiedDeferredCompensationPlan |
Namespace Prefix: |
hsii_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
instant |
|
X |
- DefinitionAmount of investment in equity security without readily determinable fair value.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 321 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479536/321-10-50-3
+ Details
Name: |
us-gaap_EquitySecuritiesWithoutReadilyDeterminableFairValueAmount |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
instant |
|
X |
- DefinitionAmount of impairment loss on investment in equity security without readily determinable fair value.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 321 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479536/321-10-50-3
+ Details
Name: |
us-gaap_EquitySecuritiesWithoutReadilyDeterminableFairValueImpairmentLossAnnualAmount |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- DefinitionLine items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.
+ References
+ Details
Name: |
us-gaap_FairValueBalanceSheetGroupingFinancialStatementCaptionsLineItems |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- Details
Name: |
us-gaap_FairValueByLiabilityClassAxis=hsii_AcqusitionEarnoutAccrualsMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
us-gaap_BalanceSheetLocationAxis=hsii_NonCurrentAndOtherNonCurrentLiabilitiesMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
us-gaap_FairValueByLiabilityClassAxis=hsii_ContingentCompensationMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
us-gaap_BalanceSheetLocationAxis=hsii_CurrentAccruedSalariesAndBenefitsMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
us-gaap_BalanceSheetLocationAxis=hsii_NonCurrentAccruedSalariesAndBenefitsMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
v3.25.1
Financial Instruments and Fair Value - Schedule of Fair Value, Separate Account Investment (Details) - USD ($) $ in Thousands |
Mar. 31, 2025 |
Dec. 31, 2024 |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] |
|
|
Total |
$ 63,084
|
$ 56,998
|
Other Current Assets |
|
|
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] |
|
|
Total |
1,187
|
1,136
|
Assets Designated for Retirement and Pension Plans |
|
|
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] |
|
|
Total |
10,424
|
9,976
|
Investments |
|
|
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] |
|
|
Total |
64,434
|
58,290
|
Other Current Liabilities |
|
|
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] |
|
|
Total |
(1,187)
|
(1,136)
|
Retirement and Pension Plans |
|
|
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] |
|
|
Total |
(11,774)
|
(11,268)
|
Fair Value, Inputs, Level 1 |
|
|
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] |
|
|
U.S. non-qualified deferred compensation plan |
64,434
|
58,290
|
Fair Value, Inputs, Level 1 | Other Current Assets |
|
|
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] |
|
|
U.S. non-qualified deferred compensation plan |
0
|
0
|
Fair Value, Inputs, Level 1 | Assets Designated for Retirement and Pension Plans |
|
|
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] |
|
|
U.S. non-qualified deferred compensation plan |
0
|
0
|
Fair Value, Inputs, Level 1 | Investments |
|
|
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] |
|
|
U.S. non-qualified deferred compensation plan |
64,434
|
58,290
|
Fair Value, Inputs, Level 1 | Other Current Liabilities |
|
|
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] |
|
|
U.S. non-qualified deferred compensation plan |
0
|
0
|
Fair Value, Inputs, Level 1 | Retirement and Pension Plans |
|
|
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] |
|
|
U.S. non-qualified deferred compensation plan |
0
|
0
|
Fair Value, Inputs, Level 2 |
|
|
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] |
|
|
Retirement and pension plan assets |
11,611
|
11,112
|
Pension benefit obligation |
(12,961)
|
(12,404)
|
Total |
(1,350)
|
(1,292)
|
Fair Value, Inputs, Level 2 | Other Current Assets |
|
|
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] |
|
|
Retirement and pension plan assets |
1,187
|
1,136
|
Pension benefit obligation |
0
|
0
|
Total |
1,187
|
1,136
|
Fair Value, Inputs, Level 2 | Assets Designated for Retirement and Pension Plans |
|
|
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] |
|
|
Retirement and pension plan assets |
10,424
|
9,976
|
Pension benefit obligation |
0
|
0
|
Total |
10,424
|
9,976
|
Fair Value, Inputs, Level 2 | Investments |
|
|
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] |
|
|
Retirement and pension plan assets |
0
|
0
|
Pension benefit obligation |
0
|
0
|
Total |
0
|
0
|
Fair Value, Inputs, Level 2 | Other Current Liabilities |
|
|
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] |
|
|
Retirement and pension plan assets |
0
|
0
|
Pension benefit obligation |
(1,187)
|
(1,136)
|
Total |
(1,187)
|
(1,136)
|
Fair Value, Inputs, Level 2 | Retirement and Pension Plans |
|
|
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] |
|
|
Retirement and pension plan assets |
0
|
0
|
Pension benefit obligation |
(11,774)
|
(11,268)
|
Total |
$ (11,774)
|
$ (11,268)
|
X |
- DefinitionCarrying amount as of the balance sheet date of assets held under deferred compensation agreements.
+ ReferencesReference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(17)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1
+ Details
Name: |
us-gaap_DeferredCompensationPlanAssets |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
instant |
|
X |
- DefinitionAmount of actuarial present value of benefits attributed to service rendered by employee for defined benefit plan.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 715 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480506/715-20-50-1
+ Details
Name: |
us-gaap_DefinedBenefitPlanBenefitObligation |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
X |
- DefinitionAmount of asset segregated and restricted to provide benefit under defined benefit plan. Asset includes, but is not limited to, stock, bond, other investment, earning from investment, and contribution by employer and employee.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 715 -SubTopic 20 -Name Accounting Standards Codification -Section 55 -Paragraph 17 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480482/715-20-55-17
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 715 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (d)(iv)(02) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480506/715-20-50-1
Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 715 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (d)(ii) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480506/715-20-50-1
Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 715 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (d)(iv)(01) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480506/715-20-50-1
Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 715 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480506/715-20-50-1
Reference 6: http://www.xbrl.org/2003/role/exampleRef -Topic 715 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (d)(ii) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480506/715-20-50-1
Reference 7: http://www.xbrl.org/2003/role/exampleRef -Topic 715 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (d)(iv)(01) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480506/715-20-50-1
+ Details
Name: |
us-gaap_DefinedBenefitPlanFairValueOfPlanAssets |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
instant |
|
X |
- DefinitionLine items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.
+ References
+ Details
Name: |
us-gaap_FairValueBalanceSheetGroupingFinancialStatementCaptionsLineItems |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionFair value of asset after deduction of liability.
+ ReferencesReference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2
Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2
+ Details
Name: |
us-gaap_FairValueNetAssetLiability |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
instant |
|
X |
- Details
Name: |
us-gaap_BalanceSheetLocationAxis=us-gaap_OtherCurrentAssetsMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
us-gaap_BalanceSheetLocationAxis=hsii_AssetsDesignatedForRetirementAndPensionPlansMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
us-gaap_BalanceSheetLocationAxis=us-gaap_InvestmentsMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
us-gaap_BalanceSheetLocationAxis=us-gaap_OtherCurrentLiabilitiesMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
us-gaap_BalanceSheetLocationAxis=us-gaap_PensionPlansDefinedBenefitMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
v3.25.1
Financial Instruments and Fair Value - Schedule of Reconciliation of Level 3 Assets and Liabilities (Details) $ in Thousands |
3 Months Ended |
Mar. 31, 2025
USD ($)
|
Earnout |
|
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
Balance at December 31, 2024 |
$ (38,648)
|
Earnout accretion |
(481)
|
Compensation expense |
0
|
Fair value adjustment |
(942)
|
Payments |
0
|
Foreign currency translation |
(1,697)
|
Balance at March 31, 2025 |
(41,768)
|
Contingent Compensation |
|
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
Balance at December 31, 2024 |
(22,901)
|
Earnout accretion |
0
|
Compensation expense |
(2,821)
|
Fair value adjustment |
0
|
Payments |
4,847
|
Foreign currency translation |
(775)
|
Balance at March 31, 2025 |
$ (21,650)
|
X |
- Details
Name: |
us-gaap_FairValueByLiabilityClassAxis=hsii_AcqusitionEarnoutAccrualsMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
us-gaap_FairValueByLiabilityClassAxis=hsii_ContingentCompensationMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
v3.25.1
Goodwill and Other Intangible Assets - Schedule of Goodwill by Segment (Details) - USD ($) $ in Thousands |
Mar. 31, 2025 |
Dec. 31, 2024 |
Goodwill [Line Items] |
|
|
Goodwill, gross |
$ 206,171
|
$ 204,585
|
Accumulated impairment losses |
(66,724)
|
(66,724)
|
Goodwill |
139,447
|
137,861
|
Executive Search |
|
|
Goodwill [Line Items] |
|
|
Goodwill, gross |
92,440
|
92,203
|
Executive Search | Americas |
|
|
Goodwill [Line Items] |
|
|
Goodwill, gross |
90,977
|
90,740
|
Accumulated impairment losses |
0
|
0
|
Goodwill |
90,977
|
90,740
|
Executive Search | Europe |
|
|
Goodwill [Line Items] |
|
|
Goodwill, gross |
1,463
|
1,463
|
Accumulated impairment losses |
(1,463)
|
(1,463)
|
Goodwill |
0
|
0
|
On-Demand Talent |
|
|
Goodwill [Line Items] |
|
|
Goodwill, gross |
106,485
|
105,136
|
Accumulated impairment losses |
(58,015)
|
(58,015)
|
Goodwill |
48,470
|
47,121
|
Heidrick Consulting |
|
|
Goodwill [Line Items] |
|
|
Goodwill, gross |
7,246
|
7,246
|
Accumulated impairment losses |
(7,246)
|
(7,246)
|
Goodwill |
$ 0
|
$ 0
|
X |
- DefinitionAmount, after accumulated impairment loss, of asset representing future economic benefit arising from other asset acquired in business combination or from joint venture formation or both, that is not individually identified and separately recognized.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 49 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-49
Reference 2: http://www.xbrl.org/2003/role/exampleRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 55 -Paragraph 24 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482548/350-20-55-24
Reference 3: http://www.xbrl.org/2003/role/exampleRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 100 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482078/820-10-55-100
Reference 4: http://www.xbrl.org/2003/role/exampleRef -Topic 852 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481372/852-10-55-10
Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(15)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1
Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 45 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482598/350-20-45-1
Reference 7: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482573/350-20-50-1
Reference 8: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (h) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482573/350-20-50-1
Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 942 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03(10)(1)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478546/942-210-S99-1
+ Details
Name: |
us-gaap_Goodwill |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
instant |
|
X |
- DefinitionAmount, before accumulated impairment loss, of asset representing future economic benefit arising from other asset acquired in business combination or from joint venture formation or both, that is not individually identified and separately recognized.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 55 -Paragraph 24 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482548/350-20-55-24
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482573/350-20-50-1
Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (h) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482573/350-20-50-1
+ Details
Name: |
us-gaap_GoodwillGross |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
instant |
|
X |
- DefinitionAmount of accumulated impairment loss for asset representing future economic benefit arising from other asset acquired in business combination or from joint venture formation or both, that is not individually identified and separately recognized.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 55 -Paragraph 24 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482548/350-20-55-24
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482573/350-20-50-1
Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (h) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482573/350-20-50-1
+ Details
Name: |
us-gaap_GoodwillImpairedAccumulatedImpairmentLoss |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
X |
- DefinitionLine items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 55 -Paragraph 24 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482548/350-20-55-24
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482573/350-20-50-2
Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482573/350-20-50-1
Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482573/350-20-50-1
Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482573/350-20-50-1
Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482573/350-20-50-1
Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482573/350-20-50-1
Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482573/350-20-50-1
Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482573/350-20-50-1
Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (g) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482573/350-20-50-1
Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (h) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482573/350-20-50-1
Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1A -Publisher FASB -URI https://asc.fasb.org/1943274/2147482573/350-20-50-1A
+ Details
Name: |
us-gaap_GoodwillLineItems |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- Details
Name: |
us-gaap_StatementBusinessSegmentsAxis=hsii_ExecutiveSearchSegmentMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
srt_StatementGeographicalAxis=srt_AmericasMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
srt_StatementGeographicalAxis=srt_EuropeMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
us-gaap_StatementBusinessSegmentsAxis=hsii_OnDemandTalentSegmentMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
us-gaap_StatementBusinessSegmentsAxis=hsii_HeidrickConsultingSegmentMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
v3.25.1
Goodwill and Other Intangible Assets - Schedule of Changes in Carrying Amount of Goodwill by Segment (Details) - USD ($) $ in Thousands |
3 Months Ended |
|
Mar. 31, 2025 |
Dec. 31, 2024 |
Goodwill [Roll Forward] |
|
|
Goodwill, beginning balance |
$ 137,861
|
|
Foreign currency translation |
1,586
|
|
Goodwill, ending balance |
139,447
|
|
Goodwill, gross |
206,171
|
$ 204,585
|
Accumulated impairment losses |
(66,724)
|
(66,724)
|
Executive Search |
|
|
Goodwill [Roll Forward] |
|
|
Goodwill, gross |
92,440
|
92,203
|
On-Demand Talent |
|
|
Goodwill [Roll Forward] |
|
|
Goodwill, beginning balance |
47,121
|
|
Foreign currency translation |
1,349
|
|
Goodwill, ending balance |
48,470
|
|
Goodwill, gross |
106,485
|
105,136
|
Accumulated impairment losses |
(58,015)
|
(58,015)
|
Heidrick Consulting |
|
|
Goodwill [Roll Forward] |
|
|
Goodwill, beginning balance |
0
|
|
Foreign currency translation |
0
|
|
Goodwill, ending balance |
0
|
|
Goodwill, gross |
7,246
|
7,246
|
Accumulated impairment losses |
(7,246)
|
(7,246)
|
Americas | Executive Search |
|
|
Goodwill [Roll Forward] |
|
|
Goodwill, beginning balance |
90,740
|
|
Foreign currency translation |
237
|
|
Goodwill, ending balance |
90,977
|
|
Goodwill, gross |
90,977
|
90,740
|
Accumulated impairment losses |
0
|
0
|
Europe | Executive Search |
|
|
Goodwill [Roll Forward] |
|
|
Goodwill, beginning balance |
0
|
|
Foreign currency translation |
0
|
|
Goodwill, ending balance |
0
|
|
Goodwill, gross |
1,463
|
1,463
|
Accumulated impairment losses |
$ (1,463)
|
$ (1,463)
|
X |
- DefinitionAmount, after accumulated impairment loss, of asset representing future economic benefit arising from other asset acquired in business combination or from joint venture formation or both, that is not individually identified and separately recognized.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 49 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-49
Reference 2: http://www.xbrl.org/2003/role/exampleRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 55 -Paragraph 24 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482548/350-20-55-24
Reference 3: http://www.xbrl.org/2003/role/exampleRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 100 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482078/820-10-55-100
Reference 4: http://www.xbrl.org/2003/role/exampleRef -Topic 852 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481372/852-10-55-10
Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(15)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1
Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 45 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482598/350-20-45-1
Reference 7: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482573/350-20-50-1
Reference 8: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (h) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482573/350-20-50-1
Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 942 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03(10)(1)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478546/942-210-S99-1
+ Details
Name: |
us-gaap_Goodwill |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
instant |
|
X |
- DefinitionAmount of foreign currency translation gain (loss) which increases (decreases) asset representing future economic benefit from other asset acquired in business combination or from joint venture formation or both, that is not individually identified and separately recognized.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482573/350-20-50-1
+ Details
Name: |
us-gaap_GoodwillForeignCurrencyTranslationGainLoss |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- DefinitionAmount, before accumulated impairment loss, of asset representing future economic benefit arising from other asset acquired in business combination or from joint venture formation or both, that is not individually identified and separately recognized.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 55 -Paragraph 24 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482548/350-20-55-24
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482573/350-20-50-1
Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (h) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482573/350-20-50-1
+ Details
Name: |
us-gaap_GoodwillGross |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
instant |
|
X |
- DefinitionAmount of accumulated impairment loss for asset representing future economic benefit arising from other asset acquired in business combination or from joint venture formation or both, that is not individually identified and separately recognized.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 55 -Paragraph 24 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482548/350-20-55-24
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482573/350-20-50-1
Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (h) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482573/350-20-50-1
+ Details
Name: |
us-gaap_GoodwillImpairedAccumulatedImpairmentLoss |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
X |
- DefinitionA roll forward is a reconciliation of a concept from the beginning of a period to the end of a period.
+ References
+ Details
Name: |
us-gaap_GoodwillRollForward |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- Details
Name: |
us-gaap_StatementBusinessSegmentsAxis=hsii_ExecutiveSearchSegmentMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
us-gaap_StatementBusinessSegmentsAxis=hsii_OnDemandTalentSegmentMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
us-gaap_StatementBusinessSegmentsAxis=hsii_HeidrickConsultingSegmentMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
srt_StatementGeographicalAxis=srt_AmericasMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
srt_StatementGeographicalAxis=srt_EuropeMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
v3.25.1
Goodwill and Other Intangible Assets - Schedule of Indefinite-Lived Intangible Assets (Details) - USD ($) $ in Thousands |
Mar. 31, 2025 |
Dec. 31, 2024 |
Finite-Lived Intangible Assets [Line Items] |
|
|
Total other intangible assets, net |
$ 11,304
|
$ 12,483
|
Executive Search |
|
|
Finite-Lived Intangible Assets [Line Items] |
|
|
Total other intangible assets, net |
33
|
42
|
On-Demand Talent |
|
|
Finite-Lived Intangible Assets [Line Items] |
|
|
Total other intangible assets, net |
9,636
|
10,592
|
Heidrick Consulting |
|
|
Finite-Lived Intangible Assets [Line Items] |
|
|
Total other intangible assets, net |
1,635
|
1,849
|
Americas | Executive Search |
|
|
Finite-Lived Intangible Assets [Line Items] |
|
|
Total other intangible assets, net |
4
|
5
|
Europe | Executive Search |
|
|
Finite-Lived Intangible Assets [Line Items] |
|
|
Total other intangible assets, net |
$ 29
|
$ 37
|
X |
- DefinitionLine items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Section 55 -Paragraph 40 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482640/350-30-55-40
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (d)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482665/350-30-50-2
Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (d)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482665/350-30-50-2
Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Section 45 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482686/350-30-45-1
Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482665/350-30-50-2
Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482665/350-30-50-3
Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 985 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481283/985-20-50-2
Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 926 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483154/926-20-50-5
+ Details
Name: |
us-gaap_FiniteLivedIntangibleAssetsLineItems |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionAmount after amortization of assets, excluding financial assets and goodwill, lacking physical substance with a finite life.
+ ReferencesReference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482665/350-30-50-2
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 926 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483154/926-20-50-5
+ Details
Name: |
us-gaap_FiniteLivedIntangibleAssetsNet |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
instant |
|
X |
- Details
Name: |
us-gaap_StatementBusinessSegmentsAxis=hsii_ExecutiveSearchSegmentMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
us-gaap_StatementBusinessSegmentsAxis=hsii_OnDemandTalentSegmentMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
us-gaap_StatementBusinessSegmentsAxis=hsii_HeidrickConsultingSegmentMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
srt_StatementGeographicalAxis=srt_AmericasMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
srt_StatementGeographicalAxis=srt_EuropeMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
v3.25.1
Goodwill and Other Intangible Assets - Schedule of Acquired Finite-Lived Intangible Assets by Major Class (Details) - USD ($) $ in Thousands |
3 Months Ended |
|
Mar. 31, 2025 |
Dec. 31, 2024 |
Finite-Lived Intangible Assets [Line Items] |
|
|
Weighted Average Life (Years) |
9 years 2 months 12 days
|
|
Gross Carrying Amount |
$ 39,466
|
$ 38,309
|
Accumulated Amortization |
(28,162)
|
(25,826)
|
Total other intangible assets, net |
$ 11,304
|
12,483
|
Client relationships |
|
|
Finite-Lived Intangible Assets [Line Items] |
|
|
Weighted Average Life (Years) |
10 years 8 months 12 days
|
|
Gross Carrying Amount |
$ 25,970
|
25,188
|
Accumulated Amortization |
(16,773)
|
(15,371)
|
Total other intangible assets, net |
$ 9,197
|
9,817
|
Trade name |
|
|
Finite-Lived Intangible Assets [Line Items] |
|
|
Weighted Average Life (Years) |
3 years
|
|
Gross Carrying Amount |
$ 4,979
|
4,836
|
Accumulated Amortization |
(4,374)
|
(4,039)
|
Total other intangible assets, net |
$ 605
|
797
|
Software |
|
|
Finite-Lived Intangible Assets [Line Items] |
|
|
Weighted Average Life (Years) |
3 years
|
|
Gross Carrying Amount |
$ 8,517
|
8,285
|
Accumulated Amortization |
(7,015)
|
(6,416)
|
Total other intangible assets, net |
$ 1,502
|
$ 1,869
|
X |
- DefinitionWeighted average amortization period of finite-lived intangible assets acquired either individually or as part of a group of assets, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a)(3) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482665/350-30-50-1
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 985 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481283/985-20-50-2
+ Details
Name: |
us-gaap_AcquiredFiniteLivedIntangibleAssetsWeightedAverageUsefulLife |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:durationItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionAccumulated amount of amortization of assets, excluding financial assets and goodwill, lacking physical substance with a finite life.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Section 55 -Paragraph 40 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482640/350-30-55-40
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 350 -SubTopic 10 -Name Accounting Standards Codification -Section S45 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480265/350-10-S45-1
Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482665/350-30-50-2
Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(16)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1
+ Details
Name: |
us-gaap_FiniteLivedIntangibleAssetsAccumulatedAmortization |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
X |
- DefinitionAmount before amortization of assets, excluding financial assets and goodwill, lacking physical substance with a finite life.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Section 55 -Paragraph 40 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482640/350-30-55-40
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 350 -SubTopic 10 -Name Accounting Standards Codification -Section S45 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480265/350-10-S45-1
Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482665/350-30-50-2
Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 928 -SubTopic 340 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org/1943274/2147478859/928-340-50-1
+ Details
Name: |
us-gaap_FiniteLivedIntangibleAssetsGross |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
instant |
|
X |
- DefinitionLine items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Section 55 -Paragraph 40 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482640/350-30-55-40
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (d)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482665/350-30-50-2
Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (d)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482665/350-30-50-2
Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Section 45 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482686/350-30-45-1
Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482665/350-30-50-2
Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482665/350-30-50-3
Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 985 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481283/985-20-50-2
Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 926 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483154/926-20-50-5
+ Details
Name: |
us-gaap_FiniteLivedIntangibleAssetsLineItems |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionAmount after amortization of assets, excluding financial assets and goodwill, lacking physical substance with a finite life.
+ ReferencesReference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482665/350-30-50-2
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 926 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483154/926-20-50-5
+ Details
Name: |
us-gaap_FiniteLivedIntangibleAssetsNet |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
instant |
|
X |
- Details
Name: |
us-gaap_FiniteLivedIntangibleAssetsByMajorClassAxis=us-gaap_CustomerRelationshipsMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
us-gaap_FiniteLivedIntangibleAssetsByMajorClassAxis=us-gaap_TradeNamesMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
us-gaap_FiniteLivedIntangibleAssetsByMajorClassAxis=us-gaap_SoftwareAndSoftwareDevelopmentCostsMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
v3.25.1
X |
- DefinitionThe aggregate expense charged against earnings to allocate the cost of intangible assets (nonphysical assets not used in production) in a systematic and rational manner to the periods expected to benefit from such assets. As a noncash expense, this element is added back to net income when calculating cash provided by or used in operations using the indirect method.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 45 -Paragraph 28 -Subparagraph (b) -SubTopic 10 -Topic 230 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482740/230-10-45-28
Reference 2: http://www.xbrl.org/2003/role/exampleRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Section 55 -Paragraph 40 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482640/350-30-55-40
Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482665/350-30-50-2
Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Section 45 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482686/350-30-45-2
+ Details
Name: |
us-gaap_AmortizationOfIntangibleAssets |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- References
+ Details
Name: |
us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
v3.25.1
Goodwill and Other Intangible Assets - Schedule of Finite-Lived Intangible Assets, Future Amortization Expense (Detail) - USD ($) $ in Thousands |
Mar. 31, 2025 |
Dec. 31, 2024 |
Goodwill and Intangible Assets Disclosure [Abstract] |
|
|
2025 |
$ 4,285
|
|
2026 |
2,500
|
|
2027 |
1,520
|
|
2028 |
890
|
|
2029 |
642
|
|
Thereafter |
1,467
|
|
Total other intangible assets, net |
$ 11,304
|
$ 12,483
|
X |
- DefinitionFinite-Lived Intangible Asset, Expected Amortization, After Year Four
+ References
+ Details
Name: |
hsii_FiniteLivedIntangibleAssetExpectedAmortizationAfterYearFour |
Namespace Prefix: |
hsii_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
instant |
|
X |
- DefinitionAmount of amortization for assets, excluding financial assets and goodwill, lacking physical substance with finite life expected to be recognized in next fiscal year following current fiscal year. Excludes interim and annual periods when interim periods are reported from current statement of financial position date (rolling approach).
+ ReferencesReference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Section 55 -Paragraph 40 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482640/350-30-55-40
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a)(3) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482665/350-30-50-2
Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 985 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481283/985-20-50-2
+ Details
Name: |
us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
instant |
|
X |
- DefinitionAmount of amortization for assets, excluding financial assets and goodwill, lacking physical substance with finite life expected to be recognized in remainder of current fiscal year.
+ ReferencesReference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 985 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481283/985-20-50-2
+ Details
Name: |
us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
instant |
|
X |
- DefinitionAmount of amortization for assets, excluding financial assets and goodwill, lacking physical substance with finite life expected to be recognized in fourth fiscal year following current fiscal year. Excludes interim and annual periods when interim periods are reported from current statement of financial position date (rolling approach).
+ ReferencesReference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Section 55 -Paragraph 40 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482640/350-30-55-40
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a)(3) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482665/350-30-50-2
Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 985 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481283/985-20-50-2
+ Details
Name: |
us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearFour |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
instant |
|
X |
- DefinitionAmount of amortization for assets, excluding financial assets and goodwill, lacking physical substance with finite life expected to be recognized in third fiscal year following current fiscal year. Excludes interim and annual periods when interim periods are reported from current statement of financial position date (rolling approach).
+ ReferencesReference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Section 55 -Paragraph 40 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482640/350-30-55-40
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a)(3) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482665/350-30-50-2
Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 985 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481283/985-20-50-2
+ Details
Name: |
us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearThree |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
instant |
|
X |
- DefinitionAmount of amortization for assets, excluding financial assets and goodwill, lacking physical substance with finite life expected to be recognized in second fiscal year following current fiscal year. Excludes interim and annual periods when interim periods are reported from current statement of financial position date (rolling approach).
+ ReferencesReference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Section 55 -Paragraph 40 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482640/350-30-55-40
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a)(3) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482665/350-30-50-2
Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 985 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481283/985-20-50-2
+ Details
Name: |
us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
instant |
|
X |
- DefinitionAmount after amortization of assets, excluding financial assets and goodwill, lacking physical substance with a finite life.
+ ReferencesReference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482665/350-30-50-2
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 926 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483154/926-20-50-5
+ Details
Name: |
us-gaap_FiniteLivedIntangibleAssetsNet |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
instant |
|
X |
- References
+ Details
Name: |
us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
v3.25.1
Other Current and Non-current Assets and Liabilities - Schedule of Other Current Assets (Details) - USD ($) $ in Thousands |
Mar. 31, 2025 |
Dec. 31, 2024 |
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract] |
|
|
Contract assets |
$ 39,883
|
$ 33,150
|
Other |
7,538
|
6,785
|
Other current assets |
$ 47,421
|
$ 39,935
|
X |
- DefinitionAmount, after allowance for credit loss, of right to consideration in exchange for good or service transferred to customer when right is conditioned on something other than passage of time, classified as current.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479837/606-10-45-3
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479837/606-10-45-1
Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 8 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-8
+ Details
Name: |
us-gaap_ContractWithCustomerAssetNetCurrent |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
instant |
|
X |
- References
+ Details
Name: |
us-gaap_DeferredCostsCapitalizedPrepaidAndOtherAssetsDisclosureAbstract |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionAmount of current assets classified as other.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 852 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481372/852-10-55-10
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(8)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1
+ Details
Name: |
us-gaap_OtherAssetsCurrent |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
instant |
|
X |
- DefinitionAmount of other miscellaneous assets expected to be realized or consumed within one year or operating cycle, if longer.
+ References
+ Details
Name: |
us-gaap_OtherAssetsMiscellaneousCurrent |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
instant |
|
v3.25.1
Other Current and Non-current Assets and Liabilities - Schedule of Other Current Liabilities (Details) - USD ($) $ in Thousands |
Mar. 31, 2025 |
Dec. 31, 2024 |
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract] |
|
|
Earnout liability |
$ 41,768
|
$ 0
|
Other |
23,101
|
21,369
|
Total other current liabilities |
$ 64,869
|
$ 21,369
|
X |
- DefinitionAcquisition Earnout Accruals, Current
+ References
+ Details
Name: |
hsii_AcquisitionEarnoutAccrualsCurrent |
Namespace Prefix: |
hsii_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
X |
- References
+ Details
Name: |
us-gaap_DeferredCostsCapitalizedPrepaidAndOtherAssetsDisclosureAbstract |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionAmount of liabilities classified as other, due within one year or the normal operating cycle, if longer.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(20)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1
Reference 2: http://www.xbrl.org/2003/role/exampleRef -Topic 852 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481372/852-10-55-10
+ Details
Name: |
us-gaap_OtherLiabilitiesCurrent |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
X |
- DefinitionObligations not otherwise itemized or categorized in the footnotes to the financial statements that are due within one year or operating cycle, if longer, from the balance sheet date.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(20)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1
Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 470 -SubTopic 10 -Section 45 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481573/470-10-45-10
+ Details
Name: |
us-gaap_OtherSundryLiabilitiesCurrent |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
v3.25.1
Other Current and Non-current Assets and Liabilities - Schedule of Other Non-Current Liabilities (Details) - USD ($) $ in Thousands |
Mar. 31, 2025 |
Dec. 31, 2024 |
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract] |
|
|
Earnout liability |
$ 0
|
$ 38,648
|
Other |
4,318
|
4,257
|
Total other non-current liabilities |
$ 4,318
|
$ 42,905
|
X |
- DefinitionAcquisition Earnout Accruals, Non-Current
+ References
+ Details
Name: |
hsii_AcquisitionEarnoutAccrualsNonCurrent |
Namespace Prefix: |
hsii_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
X |
- References
+ Details
Name: |
us-gaap_DeferredCostsCapitalizedPrepaidAndOtherAssetsDisclosureAbstract |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionAmount of liabilities classified as other, due after one year or the normal operating cycle, if longer.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(24)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1
+ Details
Name: |
us-gaap_OtherLiabilitiesNoncurrent |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
X |
- DefinitionObligations not otherwise itemized or categorized in the footnotes to the financial statements that are expected to be paid after one year (or the normal operating cycle, if longer), from the balance sheet date.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(24)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1
Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 942 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03(15)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478546/942-210-S99-1
+ Details
Name: |
us-gaap_OtherSundryLiabilitiesNoncurrent |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
v3.25.1
Line of Credit (Details) - The Credit Agreement - Line of Credit - USD ($)
|
Mar. 17, 2025 |
Mar. 31, 2025 |
Dec. 31, 2024 |
Revolving Credit Facility |
|
|
|
Debt Instrument [Line Items] |
|
|
|
Line of credit facility, maximum borrowing capacity |
$ 100,000,000
|
|
|
Expansion borrowing capacity |
75,000,000
|
|
|
Outstanding borrowings |
|
$ 0
|
$ 0
|
Letter of Credit |
|
|
|
Debt Instrument [Line Items] |
|
|
|
Line of credit facility, maximum borrowing capacity |
25,000,000
|
|
|
Bridge Loan |
|
|
|
Debt Instrument [Line Items] |
|
|
|
Line of credit facility, maximum borrowing capacity |
$ 10,000,000
|
|
|
X |
- DefinitionLine of Credit Facility, Accordion Feature, Increase Limit
+ References
+ Details
Name: |
hsii_LineOfCreditFacilityAccordionFeatureIncreaseLimit |
Namespace Prefix: |
hsii_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- DefinitionLine items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 835 -SubTopic 30 -Name Accounting Standards Codification -Section 55 -Paragraph 8 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482949/835-30-55-8
Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(f)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1
Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04(a)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480678/235-10-S99-3
Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1B -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481139/470-20-50-1B
Reference 5: http://www.xbrl.org/2003/role/exampleRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 55 -Paragraph 69B -Publisher FASB -URI https://asc.fasb.org/1943274/2147481568/470-20-55-69B
Reference 6: http://www.xbrl.org/2003/role/exampleRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 55 -Paragraph 69C -Publisher FASB -URI https://asc.fasb.org/1943274/2147481568/470-20-55-69C
Reference 7: http://www.xbrl.org/2003/role/exampleRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 55 -Paragraph 69E -Publisher FASB -URI https://asc.fasb.org/1943274/2147481568/470-20-55-69E
Reference 8: http://www.xbrl.org/2003/role/exampleRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 55 -Paragraph 69F -Publisher FASB -URI https://asc.fasb.org/1943274/2147481568/470-20-55-69F
Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1B -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481139/470-20-50-1B
Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1B -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481139/470-20-50-1B
Reference 11: http://www.xbrl.org/2003/role/exampleRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1B -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481139/470-20-50-1B
Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1B -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481139/470-20-50-1B
Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1B -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481139/470-20-50-1B
Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1B -Subparagraph (h) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481139/470-20-50-1B
Reference 15: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1D -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481139/470-20-50-1D
Reference 16: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1D -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481139/470-20-50-1D
Reference 17: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1D -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481139/470-20-50-1D
Reference 18: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1E -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481139/470-20-50-1E
Reference 19: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1E -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481139/470-20-50-1E
Reference 20: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1E -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481139/470-20-50-1E
Reference 21: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1F -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481139/470-20-50-1F
Reference 22: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1F -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481139/470-20-50-1F
Reference 23: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1F -Subparagraph (b)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481139/470-20-50-1F
Reference 24: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1F -Subparagraph (b)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481139/470-20-50-1F
Reference 25: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1I -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481139/470-20-50-1I
Reference 26: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 835 -SubTopic 30 -Name Accounting Standards Codification -Section 45 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482925/835-30-45-2
Reference 27: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 835 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482900/835-30-50-1
+ Details
Name: |
us-gaap_DebtInstrumentLineItems |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionThe carrying value as of the balance sheet date of the current and noncurrent portions of long-term obligations drawn from a line of credit, which is a bank's commitment to make loans up to a specific amount. Examples of items that might be included in the application of this element may consist of letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to a maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line. Includes short-term obligations that would normally be classified as current liabilities but for which (a) postbalance sheet date issuance of a long term obligation to refinance the short term obligation on a long term basis, or (b) the enterprise has entered into a financing agreement that clearly permits the enterprise to refinance the short-term obligation on a long term basis and the following conditions are met (1) the agreement does not expire within 1 year and is not cancelable by the lender except for violation of an objectively determinable provision, (2) no violation exists at the BS date, and (3) the lender has entered into the financing agreement is expected to be financially capable of honoring the agreement.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(22)) -SubTopic 10 -Topic 210 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1
Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 942 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03(16)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478546/942-210-S99-1
Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 944 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03(a)(16)(a)(2)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478777/944-210-S99-1
+ Details
Name: |
us-gaap_LineOfCredit |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
X |
- DefinitionMaximum borrowing capacity under the credit facility without consideration of any current restrictions on the amount that could be borrowed or the amounts currently outstanding under the facility.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(22)(b)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1
Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(19)(b)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1
+ Details
Name: |
us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
X |
- Details
Name: |
us-gaap_DebtInstrumentAxis=hsii_TheCreditAgreementMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
us-gaap_LongtermDebtTypeAxis=us-gaap_LineOfCreditMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
us-gaap_CreditFacilityAxis=us-gaap_RevolvingCreditFacilityMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
us-gaap_CreditFacilityAxis=us-gaap_LetterOfCreditMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
us-gaap_CreditFacilityAxis=us-gaap_BridgeLoanMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
v3.25.1
Stock-Based Compensation and Common Stock - Narrative (Details) - USD ($)
|
|
3 Months Ended |
12 Months Ended |
|
May 23, 2024 |
Mar. 31, 2025 |
Mar. 31, 2024 |
Dec. 31, 2024 |
Dec. 31, 2023 |
Feb. 11, 2008 |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] |
|
|
|
|
|
|
Additional shares authorized (in shares) |
649,000
|
|
|
|
|
|
Awards issued to date (in shares) |
|
5,123,002
|
|
|
|
|
Awards forfeited to date (in shares) |
|
936,805
|
|
|
|
|
Awards available for grant (in shares) |
|
719,364
|
|
|
|
|
Shares issued for services (in shares) |
|
0
|
0
|
|
|
|
Stock repurchase program, authorized amount |
|
|
|
|
|
$ 50,000,000
|
Repurchase of common stock (in shares) |
|
0
|
|
0
|
36,000
|
|
Repurchase of common stock |
|
|
|
|
$ 900,000
|
|
Total shares acquired to date (in shares) |
|
1,074,670
|
|
|
|
|
Total shares acquired to date |
|
$ 29,200,000
|
|
|
|
|
Remaining authorized repurchase amount |
|
$ 20,800,000
|
|
|
|
|
Restricted stock units |
|
|
|
|
|
|
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] |
|
|
|
|
|
|
Shares issued for services (in shares) |
|
0
|
0
|
|
|
|
Unrecognized compensation expense |
|
$ 14,300,000
|
|
|
|
|
Period for recognition (in years) |
|
2 years 6 months
|
|
|
|
|
Share-based payment arrangement, expense (income) |
|
$ (100,000)
|
$ (800,000)
|
|
|
|
Restricted stock units | Minimum |
|
|
|
|
|
|
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] |
|
|
|
|
|
|
Award vesting period (in years) |
|
3 years
|
|
|
|
|
Restricted stock units | Maximum |
|
|
|
|
|
|
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] |
|
|
|
|
|
|
Award vesting period (in years) |
|
4 years
|
|
|
|
|
Performance stock units |
|
|
|
|
|
|
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] |
|
|
|
|
|
|
Award vesting period (in years) |
|
4 years
|
|
|
|
|
Unrecognized compensation expense |
|
$ 8,700,000
|
|
|
|
|
Period for recognition (in years) |
|
2 years 6 months
|
|
|
|
|
Performance stock units | Minimum |
|
|
|
|
|
|
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] |
|
|
|
|
|
|
Award vesting rights, percentage |
|
0.00%
|
|
|
|
|
Award service period |
|
1 year
|
|
|
|
|
Performance stock units | Maximum |
|
|
|
|
|
|
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] |
|
|
|
|
|
|
Award vesting rights, percentage |
|
100.00%
|
|
|
|
|
Award service period |
|
4 years
|
|
|
|
|
Phantom share units |
|
|
|
|
|
|
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] |
|
|
|
|
|
|
Unrecognized compensation expense |
|
$ 1,800,000
|
|
|
|
|
Period for recognition (in years) |
|
2 years 4 months 24 days
|
|
|
|
|
Phantom share units | Minimum |
|
|
|
|
|
|
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] |
|
|
|
|
|
|
Award vesting period (in years) |
|
3 years
|
|
|
|
|
Phantom share units | Maximum |
|
|
|
|
|
|
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] |
|
|
|
|
|
|
Award vesting period (in years) |
|
4 years
|
|
|
|
|
Executive Officer | Performance stock units |
|
|
|
|
|
|
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] |
|
|
|
|
|
|
Award vesting period (in years) |
|
3 years
|
|
|
|
|
Executive Officer | Performance stock units | Minimum |
|
|
|
|
|
|
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] |
|
|
|
|
|
|
Award vesting rights, percentage |
|
0.00%
|
|
|
|
|
Executive Officer | Performance stock units | Maximum |
|
|
|
|
|
|
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] |
|
|
|
|
|
|
Award vesting rights, percentage |
|
200.00%
|
|
|
|
|
X |
- DefinitionShare-based Compensation Arrangement by Share-based Payment Award, Number of Shares Forfeited to Date
+ References
+ Details
Name: |
hsii_ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesForfeitedToDate |
Namespace Prefix: |
hsii_ |
Data Type: |
xbrli:sharesItemType |
Balance Type: |
na |
Period Type: |
instant |
|
X |
- DefinitionShare-Based Compensation Arrangement By Share-Based Payment Award, Shares Issued To Date
+ References
+ Details
Name: |
hsii_ShareBasedCompensationArrangementByShareBasedPaymentAwardSharesIssuedToDate |
Namespace Prefix: |
hsii_ |
Data Type: |
xbrli:sharesItemType |
Balance Type: |
na |
Period Type: |
instant |
|
X |
- DefinitionTreasury Stock, Shares, Acquired To Date
+ References
+ Details
Name: |
hsii_TreasuryStockSharesAcquiredToDate |
Namespace Prefix: |
hsii_ |
Data Type: |
xbrli:sharesItemType |
Balance Type: |
na |
Period Type: |
instant |
|
X |
- DefinitionTreasury Stock, Value, Acquired To Date
+ References
+ Details
Name: |
hsii_TreasuryStockValueAcquiredToDate |
Namespace Prefix: |
hsii_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
instant |
|
X |
- DefinitionAmount authorized for purchase of share under share repurchase plan. Includes, but is not limited to, repurchase of stock and unit of ownership.
+ ReferencesReference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 505 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481520/505-30-50-4
+ Details
Name: |
srt_StockRepurchaseProgramAuthorizedAmount1 |
Namespace Prefix: |
srt_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
X |
- DefinitionAmount of expense for award under share-based payment arrangement. Excludes amount capitalized.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SAB Topic 14.F) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479830/718-10-S99-1
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (h)(1)(i) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2
+ Details
Name: |
us-gaap_AllocatedShareBasedCompensationExpense |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- DefinitionAmount of cost not yet recognized for nonvested award under share-based payment arrangement.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (i) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2
+ Details
Name: |
us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
instant |
|
X |
- DefinitionWeighted-average period over which cost not yet recognized is expected to be recognized for award under share-based payment arrangement, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents reported fact of one year, five months, and thirteen days.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (i) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2
+ Details
Name: |
us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1 |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:durationItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionEstimated period over which an employee is required to provide service in exchange for the equity-based payment award, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2
+ Details
Name: |
us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardRequisiteServicePeriod1 |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:durationItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionPeriod over which grantee's right to exercise award under share-based payment arrangement is no longer contingent on satisfaction of service or performance condition, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents reported fact of one year, five months, and thirteen days. Includes, but is not limited to, combination of market, performance or service condition.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2
+ Details
Name: |
us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1 |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:durationItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionLine items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 35 -Paragraph 1D -Publisher FASB -URI https://asc.fasb.org/1943274/2147480483/718-10-35-1D
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 35 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480483/718-10-35-3
Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2
Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2
Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a)(3) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2
Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(1)(i) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2
Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(1)(ii) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2
Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(1)(iii) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2
Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(1)(iv) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2
Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(1)(iv)(01) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2
Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(1)(iv)(02) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2
Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(1)(iv)(03) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2
Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(1)(iv)(04) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2
Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(2)(i) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2
Reference 15: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(2)(ii) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2
Reference 16: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(2)(iii) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2
Reference 17: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(2)(iii)(01) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2
Reference 18: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(2)(iii)(02) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2
Reference 19: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(2)(iii)(03) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2
Reference 20: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (d)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2
Reference 21: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (d)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2
Reference 22: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (e)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2
Reference 23: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (e)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2
Reference 24: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (f)(2)(i) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2
Reference 25: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (f)(2)(ii) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2
Reference 26: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (f)(2)(iii) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2
Reference 27: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (f)(2)(iv) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2
Reference 28: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (f)(2)(v) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2
+ Details
Name: |
us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionNumber of additional shares authorized for issuance under share-based payment arrangement.
+ References
+ Details
Name: |
us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfAdditionalSharesAuthorized |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:sharesItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionThe difference between the maximum number of shares (or other type of equity) authorized for issuance under the plan (including the effects of amendments and adjustments), and the sum of: 1) the number of shares (or other type of equity) already issued upon exercise of options or other equity-based awards under the plan; and 2) shares (or other type of equity) reserved for issuance on granting of outstanding awards, net of cancellations and forfeitures, if applicable.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2
+ Details
Name: |
us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:sharesItemType |
Balance Type: |
na |
Period Type: |
instant |
|
X |
- DefinitionPercentage of vesting of award under share-based payment arrangement.
+ ReferencesReference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2
+ Details
Name: |
us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardAwardVestingRightsPercentage |
Namespace Prefix: |
us-gaap_ |
Data Type: |
dtr-types:percentItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionNumber of shares issued in lieu of cash for services contributed to the entity. Number of shares includes, but is not limited to, shares issued for services contributed by vendors and founders.
+ References
+ Details
Name: |
us-gaap_StockIssuedDuringPeriodSharesIssuedForServices |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:sharesItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionAmount remaining authorized for purchase of share under share repurchase plan. Includes, but is not limited to, repurchase of stock and unit of ownership.
+ References
+ Details
Name: |
us-gaap_StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1 |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
X |
- DefinitionNumber of shares that have been repurchased during the period and are being held in treasury.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -SubTopic 10 -Topic 505 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-2
Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(29)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1
Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.3-04) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480008/505-10-S99-1
+ Details
Name: |
us-gaap_TreasuryStockSharesAcquired |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:sharesItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionEquity impact of the cost of common and preferred stock that were repurchased during the period. Recorded using the cost method.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -SubTopic 10 -Topic 505 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-2
Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.3-04) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480008/505-10-S99-1
Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 505 -SubTopic 30 -Section 45 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481549/505-30-45-1
+ Details
Name: |
us-gaap_TreasuryStockValueAcquiredCostMethod |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- Details
Name: |
us-gaap_AwardTypeAxis=us-gaap_RestrictedStockUnitsRSUMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
srt_RangeAxis=srt_MinimumMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
srt_RangeAxis=srt_MaximumMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
us-gaap_AwardTypeAxis=us-gaap_PhantomShareUnitsPSUsMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
srt_TitleOfIndividualAxis=srt_ExecutiveOfficerMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
v3.25.1
X |
- DefinitionAmount of expense for award under share-based payment arrangement. Excludes amount capitalized.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SAB Topic 14.F) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479830/718-10-S99-1
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (h)(1)(i) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2
+ Details
Name: |
us-gaap_AllocatedShareBasedCompensationExpense |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- DefinitionAmount of tax benefit for recognition of expense of award under share-based payment arrangement.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (h)(1)(i) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2
+ Details
Name: |
us-gaap_EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- DefinitionLine items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 35 -Paragraph 1D -Publisher FASB -URI https://asc.fasb.org/1943274/2147480483/718-10-35-1D
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 35 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480483/718-10-35-3
Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2
Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2
Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a)(3) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2
Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(1)(i) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2
Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(1)(ii) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2
Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(1)(iii) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2
Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(1)(iv) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2
Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(1)(iv)(01) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2
Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(1)(iv)(02) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2
Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(1)(iv)(03) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2
Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(1)(iv)(04) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2
Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(2)(i) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2
Reference 15: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(2)(ii) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2
Reference 16: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(2)(iii) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2
Reference 17: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(2)(iii)(01) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2
Reference 18: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(2)(iii)(02) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2
Reference 19: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(2)(iii)(03) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2
Reference 20: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (d)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2
Reference 21: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (d)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2
Reference 22: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (e)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2
Reference 23: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (e)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2
Reference 24: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (f)(2)(i) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2
Reference 25: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (f)(2)(ii) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2
Reference 26: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (f)(2)(iii) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2
Reference 27: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (f)(2)(iv) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2
Reference 28: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (f)(2)(v) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2
+ Details
Name: |
us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionAmount of cost expensed and capitalized for award under share-based payment arrangement.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (h)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2
+ Details
Name: |
us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCost1 |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- Details
Name: |
us-gaap_AwardTypeAxis=us-gaap_RestrictedStockUnitsRSUMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
v3.25.1
X |
- DefinitionThe number of equity-based payment instruments, excluding stock (or unit) options, that were forfeited during the reporting period.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(2)(iii)(03) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2
+ Details
Name: |
us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:sharesItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionWeighted average fair value as of the grant date of equity-based award plans other than stock (unit) option plans that were not exercised or put into effect as a result of the occurrence of a terminating event.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(2)(iii)(03) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2
+ Details
Name: |
us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue |
Namespace Prefix: |
us-gaap_ |
Data Type: |
dtr-types:perShareItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionThe number of grants made during the period on other than stock (or unit) option plans (for example, phantom stock or unit plan, stock or unit appreciation rights plan, performance target plan).
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(2)(iii)(01) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2
+ Details
Name: |
us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:sharesItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionThe weighted average fair value at grant date for nonvested equity-based awards issued during the period on other than stock (or unit) option plans (for example, phantom stock or unit plan, stock or unit appreciation rights plan, performance target plan).
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(2)(iii)(01) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2
+ Details
Name: |
us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue |
Namespace Prefix: |
us-gaap_ |
Data Type: |
dtr-types:perShareItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionThe number of non-vested equity-based payment instruments, excluding stock (or unit) options, that validly exist and are outstanding as of the balance sheet date.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(2)(i) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(2)(ii) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2
+ Details
Name: |
us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:sharesItemType |
Balance Type: |
na |
Period Type: |
instant |
|
X |
- DefinitionPer share or unit weighted-average fair value of nonvested award under share-based payment arrangement. Excludes share and unit options.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(2)(i) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(2)(ii) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2
+ Details
Name: |
us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue |
Namespace Prefix: |
us-gaap_ |
Data Type: |
dtr-types:perShareItemType |
Balance Type: |
na |
Period Type: |
instant |
|
X |
- References
+ Details
Name: |
us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValueRollForward |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionThe number of equity-based payment instruments, excluding stock (or unit) options, that vested during the reporting period.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(2)(iii)(02) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2
+ Details
Name: |
us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:sharesItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionThe weighted average fair value as of grant date pertaining to an equity-based award plan other than a stock (or unit) option plan for which the grantee gained the right during the reporting period, by satisfying service and performance requirements, to receive or retain shares or units, other instruments, or cash in accordance with the terms of the arrangement.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(2)(iii)(02) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2
+ Details
Name: |
us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue |
Namespace Prefix: |
us-gaap_ |
Data Type: |
dtr-types:perShareItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionA roll forward is a reconciliation of a concept from the beginning of a period to the end of a period.
+ References
+ Details
Name: |
us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingRollForward |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- Details
Name: |
us-gaap_AwardTypeAxis=us-gaap_RestrictedStockUnitsRSUMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
v3.25.1
X |
- DefinitionThe number of equity-based payment instruments, excluding stock (or unit) options, that were forfeited during the reporting period.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(2)(iii)(03) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2
+ Details
Name: |
us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:sharesItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionWeighted average fair value as of the grant date of equity-based award plans other than stock (unit) option plans that were not exercised or put into effect as a result of the occurrence of a terminating event.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(2)(iii)(03) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2
+ Details
Name: |
us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue |
Namespace Prefix: |
us-gaap_ |
Data Type: |
dtr-types:perShareItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionThe number of grants made during the period on other than stock (or unit) option plans (for example, phantom stock or unit plan, stock or unit appreciation rights plan, performance target plan).
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(2)(iii)(01) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2
+ Details
Name: |
us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:sharesItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionThe weighted average fair value at grant date for nonvested equity-based awards issued during the period on other than stock (or unit) option plans (for example, phantom stock or unit plan, stock or unit appreciation rights plan, performance target plan).
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(2)(iii)(01) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2
+ Details
Name: |
us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue |
Namespace Prefix: |
us-gaap_ |
Data Type: |
dtr-types:perShareItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionThe number of non-vested equity-based payment instruments, excluding stock (or unit) options, that validly exist and are outstanding as of the balance sheet date.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(2)(i) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(2)(ii) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2
+ Details
Name: |
us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:sharesItemType |
Balance Type: |
na |
Period Type: |
instant |
|
X |
- DefinitionPer share or unit weighted-average fair value of nonvested award under share-based payment arrangement. Excludes share and unit options.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(2)(i) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(2)(ii) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2
+ Details
Name: |
us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue |
Namespace Prefix: |
us-gaap_ |
Data Type: |
dtr-types:perShareItemType |
Balance Type: |
na |
Period Type: |
instant |
|
X |
- References
+ Details
Name: |
us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValueRollForward |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionThe number of equity-based payment instruments, excluding stock (or unit) options, that vested during the reporting period.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(2)(iii)(02) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2
+ Details
Name: |
us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:sharesItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionThe weighted average fair value as of grant date pertaining to an equity-based award plan other than a stock (or unit) option plan for which the grantee gained the right during the reporting period, by satisfying service and performance requirements, to receive or retain shares or units, other instruments, or cash in accordance with the terms of the arrangement.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(2)(iii)(02) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2
+ Details
Name: |
us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue |
Namespace Prefix: |
us-gaap_ |
Data Type: |
dtr-types:perShareItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionA roll forward is a reconciliation of a concept from the beginning of a period to the end of a period.
+ References
+ Details
Name: |
us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingRollForward |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
v3.25.1
X |
- DefinitionThe number of equity-based payment instruments, excluding stock (or unit) options, that were forfeited during the reporting period.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(2)(iii)(03) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2
+ Details
Name: |
us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:sharesItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionThe number of grants made during the period on other than stock (or unit) option plans (for example, phantom stock or unit plan, stock or unit appreciation rights plan, performance target plan).
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(2)(iii)(01) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2
+ Details
Name: |
us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:sharesItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionThe number of non-vested equity-based payment instruments, excluding stock (or unit) options, that validly exist and are outstanding as of the balance sheet date.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(2)(i) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(2)(ii) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2
+ Details
Name: |
us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:sharesItemType |
Balance Type: |
na |
Period Type: |
instant |
|
X |
- DefinitionThe number of equity-based payment instruments, excluding stock (or unit) options, that vested during the reporting period.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(2)(iii)(02) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2
+ Details
Name: |
us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:sharesItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionA roll forward is a reconciliation of a concept from the beginning of a period to the end of a period.
+ References
+ Details
Name: |
us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingRollForward |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- Details
Name: |
us-gaap_AwardTypeAxis=us-gaap_PhantomShareUnitsPSUsMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
v3.25.1
X |
- DefinitionAmount of expenses associated with exit or disposal activities pursuant to an authorized plan. Excludes expenses related to a discontinued operation or an asset retirement obligation.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 45 -Paragraph 28 -Subparagraph (b) -SubTopic 10 -Topic 230 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482740/230-10-45-28
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SAB Topic 5.P.4.b.1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479823/420-10-S99-2
Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482047/420-10-45-3
Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SAB Topic 5.P.3) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479823/420-10-S99-1
+ Details
Name: |
us-gaap_RestructuringCharges |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
v3.25.1
Restructuring - Schedule of Restructuring Charges Reportable Segment (Details) - Employee Related - 2024 Plan $ in Thousands |
Mar. 31, 2025
USD ($)
|
Restructuring Cost and Reserve [Line Items] |
|
Restructuring and related cost, cost incurred to date |
$ 6,939
|
Global Operations Support |
|
Restructuring Cost and Reserve [Line Items] |
|
Restructuring and related cost, cost incurred to date |
976
|
On-Demand Talent | Operating Segments |
|
Restructuring Cost and Reserve [Line Items] |
|
Restructuring and related cost, cost incurred to date |
286
|
Heidrick Consulting | Operating Segments |
|
Restructuring Cost and Reserve [Line Items] |
|
Restructuring and related cost, cost incurred to date |
3,367
|
Americas | Executive Search | Operating Segments |
|
Restructuring Cost and Reserve [Line Items] |
|
Restructuring and related cost, cost incurred to date |
1,277
|
Europe | Executive Search | Operating Segments |
|
Restructuring Cost and Reserve [Line Items] |
|
Restructuring and related cost, cost incurred to date |
876
|
Asia Pacific | Executive Search | Operating Segments |
|
Restructuring Cost and Reserve [Line Items] |
|
Restructuring and related cost, cost incurred to date |
$ 157
|
X |
- DefinitionLine items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SAB Topic 5.P.4.d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479823/420-10-S99-2
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SAB Topic 5.P.4.b.1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479823/420-10-S99-2
Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SAB Topic 5.P.4.b.2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479823/420-10-S99-2
Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482017/420-10-50-1
Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (b)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482017/420-10-50-1
Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (b)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482017/420-10-50-1
Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482017/420-10-50-1
+ Details
Name: |
us-gaap_RestructuringCostAndReserveLineItems |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- Details
Name: |
us-gaap_RestructuringCostAndReserveAxis=us-gaap_EmployeeSeveranceMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
us-gaap_RestructuringPlanAxis=hsii_A2024PlanMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
srt_ConsolidationItemsAxis=us-gaap_CorporateNonSegmentMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
us-gaap_StatementBusinessSegmentsAxis=hsii_OnDemandTalentSegmentMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
srt_ConsolidationItemsAxis=us-gaap_OperatingSegmentsMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
us-gaap_StatementBusinessSegmentsAxis=hsii_HeidrickConsultingSegmentMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
srt_StatementGeographicalAxis=srt_AmericasMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
us-gaap_StatementBusinessSegmentsAxis=hsii_ExecutiveSearchSegmentMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
srt_StatementGeographicalAxis=srt_EuropeMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
srt_StatementGeographicalAxis=srt_AsiaPacificMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
v3.25.1
X |
- DefinitionAmount of cash payments made as the result of exit or disposal activities. Excludes payments associated with a discontinued operation or an asset retirement obligation.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (b)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482017/420-10-50-1
Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 230 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 17 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482740/230-10-45-17
+ Details
Name: |
us-gaap_PaymentsForRestructuring |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- DefinitionCarrying amount (including both current and noncurrent portions of the accrual) as of the balance sheet date pertaining to a specified type of cost associated with exit from or disposal of business activities or restructuring pursuant to a duly authorized plan.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SAB Topic 5.P.4.b.2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479823/420-10-S99-2
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (b)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482017/420-10-50-1
+ Details
Name: |
us-gaap_RestructuringReserve |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
X |
- DefinitionA roll forward is a reconciliation of a concept from the beginning of a period to the end of a period.
+ References
+ Details
Name: |
us-gaap_RestructuringReserveRollForward |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- Details
Name: |
us-gaap_RestructuringCostAndReserveAxis=us-gaap_EmployeeSeveranceMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
v3.25.1
X |
- DefinitionAmount, before tax, of income (loss) attributable to parent. Includes, but is not limited to, income (loss) from continuing operations, discontinued operations and equity method investments.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(20)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483621/220-10-S99-2
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482765/220-10-50-6
+ Details
Name: |
us-gaap_IncomeLossAttributableToParent |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
v3.25.1
Changes in Accumulated Other Comprehensive Income (Loss) (Details) $ in Thousands |
3 Months Ended |
Mar. 31, 2025
USD ($)
|
AOCI Attributable to Parent, Net of Tax [Roll Forward] |
|
Beginning balance |
$ 452,817
|
Other comprehensive income (loss) before reclassification, net of tax |
2,502
|
Ending balance |
465,050
|
Available- for- Sale Securities |
|
AOCI Attributable to Parent, Net of Tax [Roll Forward] |
|
Beginning balance |
53
|
Other comprehensive income (loss) before reclassification, net of tax |
(39)
|
Ending balance |
14
|
Foreign Currency Translation |
|
AOCI Attributable to Parent, Net of Tax [Roll Forward] |
|
Beginning balance |
(13,770)
|
Other comprehensive income (loss) before reclassification, net of tax |
2,541
|
Ending balance |
(11,229)
|
Pension |
|
AOCI Attributable to Parent, Net of Tax [Roll Forward] |
|
Beginning balance |
(328)
|
Other comprehensive income (loss) before reclassification, net of tax |
0
|
Ending balance |
(328)
|
AOCI |
|
AOCI Attributable to Parent, Net of Tax [Roll Forward] |
|
Beginning balance |
(14,045)
|
Ending balance |
$ (11,543)
|
X |
- DefinitionA roll forward is a reconciliation of a concept from the beginning of a period to the end of a period.
+ References
+ Details
Name: |
us-gaap_AOCIAttributableToParentNetOfTaxRollForward |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionAmount after tax of reclassification adjustments of other comprehensive income (loss) attributable to parent.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 14A -Publisher FASB -URI https://asc.fasb.org/1943274/2147482790/220-10-45-14A
Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 55 -Paragraph 15 -SubTopic 10 -Topic 220 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482739/220-10-55-15
+ Details
Name: |
us-gaap_ReclassificationFromAociCurrentPeriodNetOfTaxAttributableToParent |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- DefinitionAmount of equity (deficit) attributable to parent. Excludes temporary equity and equity attributable to noncontrolling interest.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(29)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1
Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(30)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1
Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(31)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1
Reference 4: http://www.xbrl.org/2003/role/exampleRef -Topic 852 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481372/852-10-55-10
Reference 5: http://www.xbrl.org/2003/role/exampleRef -Topic 946 -SubTopic 830 -Name Accounting Standards Codification -Section 55 -Paragraph 12 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479168/946-830-55-12
Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.6-04(19)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479170/946-210-S99-1
Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.6-05(4)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479170/946-210-S99-2
Reference 8: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 946 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 3 -Subparagraph (SX 210.6-09(4)(b)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479134/946-220-S99-3
Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 3 -Subparagraph (SX 210.6-09(6)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479134/946-220-S99-3
Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 3 -Subparagraph (SX 210.6-09(7)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479134/946-220-S99-3
Reference 11: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(g)(1)(ii)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1
Reference 12: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 323 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481687/323-10-50-3
Reference 13: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 825 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 28 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482907/825-10-50-28
Reference 14: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 310 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SAB Topic 4.E) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480418/310-10-S99-2
+ Details
Name: |
us-gaap_StockholdersEquity |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
X |
- Details
Name: |
us-gaap_StatementEquityComponentsAxis=us-gaap_AccumulatedNetUnrealizedInvestmentGainLossMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
us-gaap_StatementEquityComponentsAxis=us-gaap_AccumulatedTranslationAdjustmentMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
us-gaap_StatementEquityComponentsAxis=us-gaap_AccumulatedDefinedBenefitPlansAdjustmentMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
us-gaap_StatementEquityComponentsAxis=us-gaap_AccumulatedOtherComprehensiveIncomeMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
v3.25.1
X |
- DefinitionNumber of operating segments. An operating segment is a component of an enterprise: (a) that engages in business activities from which it may earn revenues and incur expenses (including revenues and expenses relating to transactions with other components of the same enterprise), (b) whose operating results are regularly reviewed by the enterprise's chief operating decision maker to make decisions about resources to be allocated to the segment and assess its performance, and (c) for which discrete financial information is available. An operating segment may engage in business activities for which it has yet to earn revenues, for example, start-up operations may be operating segments before earning revenues.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 49 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-49
Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 18 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-18
+ Details
Name: |
us-gaap_NumberOfOperatingSegments |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:integerItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- References
+ Details
Name: |
us-gaap_SegmentReportingAbstract |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
v3.25.1
Segment Information - Adjusted EBITDA (Details) - USD ($) $ in Thousands |
3 Months Ended |
Mar. 31, 2025 |
Mar. 31, 2024 |
Segment Reporting [Abstract] |
|
|
Revenue before reimbursements (net revenue) |
$ 283,578
|
$ 265,197
|
Net income |
13,306
|
14,032
|
Interest, net |
(3,955)
|
(4,086)
|
Other, net |
2,566
|
(2,571)
|
Provision for income taxes |
4,311
|
8,899
|
Operating income |
16,228
|
16,274
|
Depreciation |
3,179
|
2,493
|
Intangible amortization |
1,668
|
2,297
|
Earnout accretion |
481
|
466
|
Earnout fair value adjustments |
942
|
0
|
Acquisition contingent consideration |
2,821
|
1,988
|
Deferred compensation plan |
(358)
|
2,350
|
Reorganization costs |
4,161
|
0
|
Total adjustments |
12,894
|
9,594
|
Adjusted EBITDA |
$ 29,122
|
$ 25,868
|
Adjusted EBITDA margin |
10.30%
|
9.80%
|
X |
- DefinitionAdjusted Earnings Before Interest, Taxes, Depreciation and Amortization
+ References
+ Details
Name: |
hsii_AdjustedEarningsBeforeInterestTaxesDepreciationAndAmortization |
Namespace Prefix: |
hsii_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- DefinitionAdjusted Earnings Before Interest, Taxes, Depreciation and Amortization, Margin Percentage
+ References
+ Details
Name: |
hsii_AdjustedEarningsBeforeInterestTaxesDepreciationAndAmortizationMarginPercentage |
Namespace Prefix: |
hsii_ |
Data Type: |
dtr-types:percentItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionDeferred Compensation Plan Expense
+ References
+ Details
Name: |
hsii_DeferredCompensationPlanExpense |
Namespace Prefix: |
hsii_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- DefinitionEarnings Before Interest, Taxes, Depreciation and Amortization, Adjustments
+ References
+ Details
Name: |
hsii_EarningsBeforeInterestTaxesDepreciationAndAmortizationAdjustments |
Namespace Prefix: |
hsii_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- DefinitionEarnout Fair Value Adjustments
+ References
+ Details
Name: |
hsii_EarnoutFairValueAdjustments |
Namespace Prefix: |
hsii_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- DefinitionAmount recognized for the passage of time, typically for liabilities, that have been discounted to their net present values. Excludes accretion associated with asset retirement obligations.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section 35 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481639/420-10-35-4
Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (b)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482017/420-10-50-1
+ Details
Name: |
us-gaap_AccretionExpense |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- DefinitionThe aggregate expense charged against earnings to allocate the cost of intangible assets (nonphysical assets not used in production) in a systematic and rational manner to the periods expected to benefit from such assets. As a noncash expense, this element is added back to net income when calculating cash provided by or used in operations using the indirect method.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 45 -Paragraph 28 -Subparagraph (b) -SubTopic 10 -Topic 230 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482740/230-10-45-28
Reference 2: http://www.xbrl.org/2003/role/exampleRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Section 55 -Paragraph 40 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482640/350-30-55-40
Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482665/350-30-50-2
Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Section 45 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482686/350-30-45-2
+ Details
Name: |
us-gaap_AmortizationOfIntangibleAssets |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- DefinitionAmount of increase (decrease) in the value of a contingent consideration liability, including, but not limited to, differences arising upon settlement.
+ ReferencesReference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 230 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 28 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482740/230-10-45-28
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 805 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Subparagraph (a)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479581/805-30-50-4
+ Details
Name: |
us-gaap_BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1 |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- DefinitionThe amount of expense recognized in the current period that reflects the allocation of the cost of tangible assets over the assets' useful lives. Includes production and non-production related depreciation.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 45 -Paragraph 28 -Subparagraph (b) -SubTopic 10 -Topic 230 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482740/230-10-45-28
Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482099/360-10-50-1
+ Details
Name: |
us-gaap_Depreciation |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- DefinitionAmount of interest income (expense) classified as nonoperating.
+ ReferencesReference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483621/220-10-S99-2
Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22
Reference 3: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 48 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-48
+ Details
Name: |
us-gaap_InterestIncomeExpenseNonoperatingNet |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- DefinitionThe portion of profit or loss for the period, net of income taxes, which is attributable to the parent.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 250 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483443/250-10-50-6
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 250 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 9 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483443/250-10-50-9
Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 805 -SubTopic 60 -Name Accounting Standards Codification -Section 65 -Paragraph 1 -Subparagraph (g) -Publisher FASB -URI https://asc.fasb.org/1943274/2147476176/805-60-65-1
Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 740 -SubTopic 323 -Name Accounting Standards Codification -Section 65 -Paragraph 2 -Subparagraph (g)(3) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478666/740-323-65-2
Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(20)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483621/220-10-S99-2
Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(g)(1)(ii)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1
Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 323 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481687/323-10-50-3
Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 825 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 28 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482907/825-10-50-28
Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482765/220-10-50-6
Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 250 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483443/250-10-50-3
Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Topic 250 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (b)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483443/250-10-50-1
Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 40 -Name Accounting Standards Codification -Section 65 -Paragraph 1 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480175/815-40-65-1
Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Topic 250 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 8 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483443/250-10-50-8
Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Topic 250 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 11 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483443/250-10-50-11
Reference 15: http://www.xbrl.org/2003/role/disclosureRef -Topic 250 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 11 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483443/250-10-50-11
Reference 16: http://www.xbrl.org/2003/role/disclosureRef -Topic 250 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483443/250-10-50-4
Reference 17: http://www.xbrl.org/2003/role/exampleRef -Topic 946 -SubTopic 830 -Name Accounting Standards Codification -Section 55 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479168/946-830-55-10
Reference 18: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 220 -Name Accounting Standards Codification -Section 45 -Paragraph 7 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479105/946-220-45-7
Reference 19: http://www.xbrl.org/2003/role/disclosureRef -Topic 944 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-04(18)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147477250/944-220-S99-1
Reference 20: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.6-07(9)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479134/946-220-S99-1
Reference 21: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 3 -Subparagraph (SX 210.6-09(1)(d)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479134/946-220-S99-3
Reference 22: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(4)(i)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A
Reference 23: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(4)(ii)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A
Reference 24: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(4)(iii)(A)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A
Reference 25: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(4)(iv)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A
Reference 26: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(5)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A
Reference 27: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(4)(i)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B
Reference 28: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(4)(iii)(A)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B
Reference 29: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(4)(iii)(B)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B
Reference 30: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(4)(iv)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B
Reference 31: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(5)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B
Reference 32: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 60B -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482689/260-10-45-60B
Reference 33: http://www.xbrl.org/2003/role/disclosureRef -Topic 205 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 7 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483499/205-20-50-7
Reference 34: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 230 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 28 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482740/230-10-45-28
Reference 35: http://www.xbrl.org/2003/role/disclosureRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 1A -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482790/220-10-45-1A
Reference 36: http://www.xbrl.org/2003/role/disclosureRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 1B -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482790/220-10-45-1B
Reference 37: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 942 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-04(22)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478524/942-220-S99-1
+ Details
Name: |
us-gaap_NetIncomeLoss |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- DefinitionThe net result for the period of deducting operating expenses from operating revenues.
+ ReferencesReference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22
Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-32
Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 30 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30
Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 270 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (i) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482964/270-10-50-1
Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (ee) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-32
Reference 6: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-32
Reference 7: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-31
+ Details
Name: |
us-gaap_OperatingIncomeLoss |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- DefinitionAmount of income (expense) related to nonoperating activities, classified as other.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(9)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483621/220-10-S99-2
+ Details
Name: |
us-gaap_OtherNonoperatingIncomeExpense |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- DefinitionAmount, excluding tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value added and excise.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 41 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-41
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 270 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (i) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482964/270-10-50-1
Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (ee) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-32
Reference 4: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-32
Reference 5: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-32
Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 924 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SAB Topic 11.L) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479941/924-10-S99-1
Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-5
Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 30 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30
Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 42 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-42
Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 22 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22
Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 40 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-40
Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 22 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22
Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-4
+ Details
Name: |
us-gaap_RevenueFromContractWithCustomerExcludingAssessedTax |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- References
+ Details
Name: |
us-gaap_SegmentReportingAbstract |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
v3.25.1
Segment Information - Reconciliation of Adjusted EBITDA from Segments to Consolidated (Details) - USD ($) $ in Thousands |
3 Months Ended |
Mar. 31, 2025 |
Mar. 31, 2024 |
Segment Reporting Information [Line Items] |
|
|
Revenue before reimbursements (net revenue) |
$ 283,578
|
$ 265,197
|
Reimbursements |
3,864
|
3,901
|
Total revenue |
287,442
|
269,098
|
Salary and benefits |
172,632
|
160,949
|
General and administrative |
30,284
|
31,345
|
Cost of services |
30,059
|
27,432
|
Adjusted EBITDA |
29,122
|
25,868
|
Operating Segments |
|
|
Segment Reporting Information [Line Items] |
|
|
Total segment operating expenses |
232,975
|
219,726
|
Adjusted EBITDA |
50,603
|
45,471
|
Operating Segments | On-Demand Talent |
|
|
Segment Reporting Information [Line Items] |
|
|
Revenue before reimbursements (net revenue) |
42,564
|
37,857
|
Salary and benefits |
11,598
|
11,593
|
General and administrative |
3,741
|
3,095
|
Cost of services |
26,825
|
24,090
|
Total segment operating expenses |
42,164
|
38,778
|
Adjusted EBITDA |
400
|
(921)
|
Operating Segments | Heidrick Consulting |
|
|
Segment Reporting Information [Line Items] |
|
|
Revenue before reimbursements (net revenue) |
27,624
|
25,859
|
Salary and benefits |
21,635
|
18,884
|
General and administrative |
4,851
|
5,660
|
Cost of services |
3,234
|
3,342
|
Total segment operating expenses |
29,720
|
27,886
|
Adjusted EBITDA |
(2,096)
|
(2,027)
|
Operating Segments | Americas | Executive Search |
|
|
Segment Reporting Information [Line Items] |
|
|
Revenue before reimbursements (net revenue) |
144,404
|
136,679
|
Salary and benefits |
90,093
|
84,026
|
General and administrative |
10,089
|
10,782
|
Cost of services |
0
|
0
|
Total segment operating expenses |
100,182
|
94,808
|
Adjusted EBITDA |
44,222
|
41,871
|
Operating Segments | Europe | Executive Search |
|
|
Segment Reporting Information [Line Items] |
|
|
Revenue before reimbursements (net revenue) |
45,391
|
41,481
|
Salary and benefits |
32,489
|
30,254
|
General and administrative |
7,860
|
7,874
|
Cost of services |
0
|
0
|
Total segment operating expenses |
40,349
|
38,128
|
Adjusted EBITDA |
5,042
|
3,353
|
Operating Segments | Asia Pacific | Executive Search |
|
|
Segment Reporting Information [Line Items] |
|
|
Revenue before reimbursements (net revenue) |
23,595
|
23,321
|
Salary and benefits |
16,817
|
16,192
|
General and administrative |
3,743
|
3,934
|
Cost of services |
0
|
0
|
Total segment operating expenses |
20,560
|
20,126
|
Adjusted EBITDA |
3,035
|
3,195
|
Research and development |
|
|
Segment Reporting Information [Line Items] |
|
|
Adjusted EBITDA |
4,624
|
4,925
|
Research and development | On-Demand Talent |
|
|
Segment Reporting Information [Line Items] |
|
|
Adjusted EBITDA |
0
|
0
|
Research and development | Heidrick Consulting |
|
|
Segment Reporting Information [Line Items] |
|
|
Adjusted EBITDA |
0
|
0
|
Research and development | Americas | Executive Search |
|
|
Segment Reporting Information [Line Items] |
|
|
Adjusted EBITDA |
0
|
0
|
Research and development | Europe | Executive Search |
|
|
Segment Reporting Information [Line Items] |
|
|
Adjusted EBITDA |
0
|
0
|
Research and development | Asia Pacific | Executive Search |
|
|
Segment Reporting Information [Line Items] |
|
|
Adjusted EBITDA |
0
|
0
|
Global Operations Support |
|
|
Segment Reporting Information [Line Items] |
|
|
Adjusted EBITDA |
16,857
|
14,678
|
Global Operations Support | On-Demand Talent |
|
|
Segment Reporting Information [Line Items] |
|
|
Adjusted EBITDA |
0
|
0
|
Global Operations Support | Heidrick Consulting |
|
|
Segment Reporting Information [Line Items] |
|
|
Adjusted EBITDA |
0
|
0
|
Global Operations Support | Americas | Executive Search |
|
|
Segment Reporting Information [Line Items] |
|
|
Adjusted EBITDA |
0
|
0
|
Global Operations Support | Europe | Executive Search |
|
|
Segment Reporting Information [Line Items] |
|
|
Adjusted EBITDA |
0
|
0
|
Global Operations Support | Asia Pacific | Executive Search |
|
|
Segment Reporting Information [Line Items] |
|
|
Adjusted EBITDA |
0
|
0
|
Total reconciling expenses |
|
|
Segment Reporting Information [Line Items] |
|
|
Adjusted EBITDA |
21,481
|
19,603
|
Total reconciling expenses | On-Demand Talent |
|
|
Segment Reporting Information [Line Items] |
|
|
Adjusted EBITDA |
0
|
0
|
Total reconciling expenses | Heidrick Consulting |
|
|
Segment Reporting Information [Line Items] |
|
|
Adjusted EBITDA |
0
|
0
|
Total reconciling expenses | Americas | Executive Search |
|
|
Segment Reporting Information [Line Items] |
|
|
Adjusted EBITDA |
0
|
0
|
Total reconciling expenses | Europe | Executive Search |
|
|
Segment Reporting Information [Line Items] |
|
|
Adjusted EBITDA |
0
|
0
|
Total reconciling expenses | Asia Pacific | Executive Search |
|
|
Segment Reporting Information [Line Items] |
|
|
Adjusted EBITDA |
$ 0
|
$ 0
|
X |
- DefinitionAdjusted Earnings Before Interest, Taxes, Depreciation and Amortization
+ References
+ Details
Name: |
hsii_AdjustedEarningsBeforeInterestTaxesDepreciationAndAmortization |
Namespace Prefix: |
hsii_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- DefinitionCosts And Expenses, Adjusted
+ References
+ Details
Name: |
hsii_CostsAndExpensesAdjusted |
Namespace Prefix: |
hsii_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- DefinitionGeneral And Administrative Expense, Adjusted
+ References
+ Details
Name: |
hsii_GeneralAndAdministrativeExpenseAdjusted |
Namespace Prefix: |
hsii_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- Definition
+ References
+ Details
Name: |
hsii_ReimbursementRevenue |
Namespace Prefix: |
hsii_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- DefinitionThe aggregate costs related to goods produced and sold and services rendered by an entity during the reporting period. This excludes costs incurred during the reporting period related to financial services rendered and other revenue generating activities.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(2)(d)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483621/220-10-S99-2
Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(2)(a)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483621/220-10-S99-2
Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 924 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SAB Topic 11.L) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479941/924-10-S99-1
+ Details
Name: |
us-gaap_CostOfGoodsAndServicesSold |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- DefinitionAmount, excluding tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value added and excise.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 41 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-41
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 270 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (i) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482964/270-10-50-1
Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (ee) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-32
Reference 4: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-32
Reference 5: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-32
Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 924 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SAB Topic 11.L) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479941/924-10-S99-1
Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-5
Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 30 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30
Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 42 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-42
Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 22 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22
Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 40 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-40
Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 22 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22
Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-4
+ Details
Name: |
us-gaap_RevenueFromContractWithCustomerExcludingAssessedTax |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- DefinitionAmount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss).
+ ReferencesReference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 48 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-48
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 41 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-41
Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 270 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (i) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482964/270-10-50-1
Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (ee) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-32
Reference 5: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-32
Reference 6: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-32
Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(g)(1)(ii)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1
Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 323 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481687/323-10-50-3
Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 825 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 28 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482907/825-10-50-28
Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(4)(i)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A
Reference 11: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(4)(ii)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A
Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(4)(iii)(A)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A
Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(4)(iv)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A
Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(5)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A
Reference 15: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(4)(i)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B
Reference 16: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(4)(iii)(A)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B
Reference 17: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(4)(iii)(B)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B
Reference 18: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(4)(iv)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B
Reference 19: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(5)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B
Reference 20: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 30 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30
Reference 21: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 42 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-42
Reference 22: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 22 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22
Reference 23: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 40 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-40
Reference 24: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 22 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22
Reference 25: http://www.xbrl.org/2003/role/disclosureRef -Topic 942 -SubTopic 235 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-05(b)(2)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147477314/942-235-S99-1
Reference 26: http://www.xbrl.org/2003/role/disclosureRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(1)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483621/220-10-S99-2
+ Details
Name: |
us-gaap_Revenues |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- Details
Name: |
srt_ConsolidationItemsAxis=us-gaap_OperatingSegmentsMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
us-gaap_StatementBusinessSegmentsAxis=hsii_OnDemandTalentSegmentMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
us-gaap_StatementBusinessSegmentsAxis=hsii_HeidrickConsultingSegmentMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
srt_StatementGeographicalAxis=srt_AmericasMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
us-gaap_StatementBusinessSegmentsAxis=hsii_ExecutiveSearchSegmentMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
srt_StatementGeographicalAxis=srt_EuropeMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
srt_StatementGeographicalAxis=srt_AsiaPacificMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
srt_ConsolidationItemsAxis=us-gaap_MaterialReconcilingItemsMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
srt_ConsolidationItemsAxis=us-gaap_CorporateNonSegmentMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
srt_ConsolidationItemsAxis=hsii_CorporateAndReconcilingItemsMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
v3.25.1
Segment Information - Schedule of Segment Reporting Information, by Segment (Detail) - USD ($) $ in Thousands |
3 Months Ended |
Mar. 31, 2025 |
Mar. 31, 2024 |
Segment Reporting Information [Line Items] |
|
|
Depreciation and amortization |
$ 4,847
|
$ 4,790
|
Capital expenditures |
2,734
|
6,173
|
Operating Segments |
|
|
Segment Reporting Information [Line Items] |
|
|
Depreciation and amortization |
3,260
|
3,866
|
Capital expenditures |
1,033
|
3,952
|
Operating Segments | Executive Search |
|
|
Segment Reporting Information [Line Items] |
|
|
Depreciation and amortization |
1,187
|
1,258
|
Capital expenditures |
853
|
2,907
|
Operating Segments | On-Demand Talent |
|
|
Segment Reporting Information [Line Items] |
|
|
Depreciation and amortization |
1,498
|
1,966
|
Capital expenditures |
71
|
217
|
Operating Segments | Heidrick Consulting |
|
|
Segment Reporting Information [Line Items] |
|
|
Depreciation and amortization |
575
|
642
|
Capital expenditures |
109
|
828
|
Operating Segments | Americas | Executive Search |
|
|
Segment Reporting Information [Line Items] |
|
|
Depreciation and amortization |
523
|
761
|
Capital expenditures |
386
|
513
|
Operating Segments | Europe | Executive Search |
|
|
Segment Reporting Information [Line Items] |
|
|
Depreciation and amortization |
421
|
295
|
Capital expenditures |
395
|
1,969
|
Operating Segments | Asia Pacific | Executive Search |
|
|
Segment Reporting Information [Line Items] |
|
|
Depreciation and amortization |
243
|
202
|
Capital expenditures |
72
|
425
|
Research and development |
|
|
Segment Reporting Information [Line Items] |
|
|
Depreciation and amortization |
1,437
|
754
|
Capital expenditures |
1,625
|
1,839
|
Global Operations Support |
|
|
Segment Reporting Information [Line Items] |
|
|
Depreciation and amortization |
150
|
170
|
Capital expenditures |
$ 76
|
$ 382
|
X |
- DefinitionThe aggregate expense recognized in the current period that allocates the cost of tangible assets, intangible assets, or depleting assets to periods that benefit from use of the assets.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 45 -Paragraph 28 -Subparagraph (b) -SubTopic 10 -Topic 230 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482740/230-10-45-28
Reference 2: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 48 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-48
Reference 3: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 49 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-49
Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 270 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (i) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482964/270-10-50-1
Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (ee) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-32
Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 22 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22
+ Details
Name: |
us-gaap_DepreciationDepletionAndAmortization |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- DefinitionAmount of expenditure for addition to long-lived assets included in determination of segment assets by chief operating decision maker (CODM) or otherwise regularly provided to CODM. Excludes expenditure for addition to financial instrument, long-term customer relationship of financial institution, mortgage and other servicing rights, deferred policy acquisition cost, and deferred tax assets.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 48 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-48
Reference 2: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 49 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-49
Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 270 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (i) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482964/270-10-50-1
Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (ee) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-32
Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 25 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25
+ Details
Name: |
us-gaap_SegmentExpenditureAdditionToLongLivedAssets |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- Details
Name: |
srt_ConsolidationItemsAxis=us-gaap_OperatingSegmentsMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
us-gaap_StatementBusinessSegmentsAxis=hsii_ExecutiveSearchSegmentMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
us-gaap_StatementBusinessSegmentsAxis=hsii_OnDemandTalentSegmentMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
us-gaap_StatementBusinessSegmentsAxis=hsii_HeidrickConsultingSegmentMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
srt_StatementGeographicalAxis=srt_AmericasMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
srt_StatementGeographicalAxis=srt_EuropeMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
srt_StatementGeographicalAxis=srt_AsiaPacificMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
srt_ConsolidationItemsAxis=us-gaap_MaterialReconcilingItemsMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
srt_ConsolidationItemsAxis=us-gaap_CorporateNonSegmentMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
v3.25.1
X |
- DefinitionMaximum potential amount of future payments (undiscounted) the guarantor could be required to make under the guarantee or each group of similar guarantees before reduction for potential recoveries under recourse or collateralization provisions.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 460 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Subparagraph (b)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482425/460-10-50-4
+ Details
Name: |
us-gaap_GuaranteeObligationsMaximumExposure |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
X |
- References
+ Details
Name: |
us-gaap_GuaranteesAndProductWarrantiesAbstract |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
{
"version": "2.2",
"instance": {
"hsii-20250331.htm": {
"nsprefix": "hsii",
"nsuri": "http://heidrick.com/20250331",
"dts": {
"inline": {
"local": [
"hsii-20250331.htm"
]
},
"schema": {
"local": [
"hsii-20250331.xsd"
],
"remote": [
"http://www.xbrl.org/2003/xbrl-instance-2003-12-31.xsd",
"http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd",
"http://www.xbrl.org/2003/xl-2003-12-31.xsd",
"http://www.xbrl.org/2003/xlink-2003-12-31.xsd",
"http://www.xbrl.org/2005/xbrldt-2005.xsd",
"http://www.xbrl.org/2006/ref-2006-02-27.xsd",
"http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd",
"http://www.xbrl.org/lrr/role/net-2009-12-16.xsd",
"http://www.xbrl.org/lrr/role/reference-2009-12-16.xsd",
"https://www.xbrl.org/2020/extensible-enumerations-2.0.xsd",
"https://www.xbrl.org/dtr/type/2020-01-21/types.xsd",
"https://www.xbrl.org/dtr/type/2022-03-31/types.xsd",
"https://xbrl.fasb.org/srt/2024/elts/srt-2024.xsd",
"https://xbrl.fasb.org/srt/2024/elts/srt-roles-2024.xsd",
"https://xbrl.fasb.org/srt/2024/elts/srt-types-2024.xsd",
"https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd",
"https://xbrl.fasb.org/us-gaap/2024/elts/us-roles-2024.xsd",
"https://xbrl.fasb.org/us-gaap/2024/elts/us-types-2024.xsd",
"https://xbrl.sec.gov/country/2024/country-2024.xsd",
"https://xbrl.sec.gov/dei/2024/dei-2024.xsd",
"https://xbrl.sec.gov/ecd/2024/ecd-2024.xsd",
"https://xbrl.sec.gov/stpr/2024/stpr-2024.xsd"
]
},
"calculationLink": {
"local": [
"hsii-20250331_cal.xml"
]
},
"definitionLink": {
"local": [
"hsii-20250331_def.xml"
]
},
"labelLink": {
"local": [
"hsii-20250331_lab.xml"
]
},
"presentationLink": {
"local": [
"hsii-20250331_pre.xml"
]
}
},
"keyStandard": 291,
"keyCustom": 29,
"axisStandard": 19,
"axisCustom": 0,
"memberStandard": 43,
"memberCustom": 12,
"hidden": {
"total": 10,
"http://xbrl.sec.gov/ecd/2024": 4,
"http://xbrl.sec.gov/dei/2024": 5,
"http://fasb.org/us-gaap/2024": 1
},
"contextCount": 216,
"entityCount": 1,
"segmentCount": 55,
"elementCount": 592,
"unitCount": 7,
"baseTaxonomies": {
"http://fasb.org/us-gaap/2024": 810,
"http://xbrl.sec.gov/dei/2024": 30,
"http://xbrl.sec.gov/ecd/2024": 4,
"http://fasb.org/srt/2024": 1
},
"report": {
"R1": {
"role": "http://heidrick.com/role/Cover",
"longName": "0000001 - Document - Cover",
"shortName": "Cover",
"isDefault": "true",
"groupType": "document",
"subGroupType": "",
"menuCat": "Cover",
"order": "1",
"firstAnchor": {
"contextRef": "c-1",
"name": "dei:DocumentType",
"unitRef": null,
"xsiNil": "false",
"lang": "en-US",
"decimals": null,
"ancestors": [
"span",
"div",
"body",
"html"
],
"reportCount": 1,
"baseRef": "hsii-20250331.htm",
"first": true,
"unique": true
},
"uniqueAnchor": {
"contextRef": "c-1",
"name": "dei:DocumentType",
"unitRef": null,
"xsiNil": "false",
"lang": "en-US",
"decimals": null,
"ancestors": [
"span",
"div",
"body",
"html"
],
"reportCount": 1,
"baseRef": "hsii-20250331.htm",
"first": true,
"unique": true
}
},
"R2": {
"role": "http://heidrick.com/role/CONDENSEDCONSOLIDATEDBALANCESHEETS",
"longName": "9952151 - Statement - CONDENSED CONSOLIDATED BALANCE SHEETS",
"shortName": "CONDENSED CONSOLIDATED BALANCE SHEETS",
"isDefault": "false",
"groupType": "statement",
"subGroupType": "",
"menuCat": "Statements",
"order": "2",
"firstAnchor": {
"contextRef": "c-3",
"name": "us-gaap:CashAndCashEquivalentsAtCarryingValue",
"unitRef": "usd",
"xsiNil": "false",
"lang": "en-US",
"decimals": "-3",
"ancestors": [
"span",
"td",
"tr",
"table",
"div",
"us-gaap:ScheduleOfCashAndCashEquivalentsTableTextBlock",
"ix:continuation",
"body",
"html"
],
"reportCount": 1,
"baseRef": "hsii-20250331.htm",
"first": true
},
"uniqueAnchor": {
"contextRef": "c-3",
"name": "us-gaap:MarketableSecuritiesCurrent",
"unitRef": "usd",
"xsiNil": "false",
"lang": "en-US",
"decimals": "-3",
"ancestors": [
"span",
"td",
"tr",
"table",
"div",
"body",
"html"
],
"reportCount": 1,
"baseRef": "hsii-20250331.htm",
"unique": true
}
},
"R3": {
"role": "http://heidrick.com/role/CONDENSEDCONSOLIDATEDBALANCESHEETSParenthetical",
"longName": "9952152 - Statement - CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical)",
"shortName": "CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical)",
"isDefault": "false",
"groupType": "statement",
"subGroupType": "parenthetical",
"menuCat": "Statements",
"order": "3",
"firstAnchor": {
"contextRef": "c-3",
"name": "us-gaap:AllowanceForDoubtfulAccountsReceivableCurrent",
"unitRef": "usd",
"xsiNil": "false",
"lang": "en-US",
"decimals": "-3",
"ancestors": [
"span",
"div",
"td",
"tr",
"table",
"div",
"body",
"html"
],
"reportCount": 1,
"baseRef": "hsii-20250331.htm",
"first": true,
"unique": true
},
"uniqueAnchor": {
"contextRef": "c-3",
"name": "us-gaap:AllowanceForDoubtfulAccountsReceivableCurrent",
"unitRef": "usd",
"xsiNil": "false",
"lang": "en-US",
"decimals": "-3",
"ancestors": [
"span",
"div",
"td",
"tr",
"table",
"div",
"body",
"html"
],
"reportCount": 1,
"baseRef": "hsii-20250331.htm",
"first": true,
"unique": true
}
},
"R4": {
"role": "http://heidrick.com/role/CONDENSEDCONSOLIDATEDSTATEMENTSOFCOMPREHENSIVEINCOME",
"longName": "9952153 - Statement - CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME",
"shortName": "CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME",
"isDefault": "false",
"groupType": "statement",
"subGroupType": "",
"menuCat": "Statements",
"order": "4",
"firstAnchor": {
"contextRef": "c-1",
"name": "us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax",
"unitRef": "usd",
"xsiNil": "false",
"lang": "en-US",
"decimals": "-3",
"ancestors": [
"span",
"td",
"tr",
"table",
"div",
"ix:continuation",
"ix:continuation",
"body",
"html"
],
"reportCount": 1,
"baseRef": "hsii-20250331.htm",
"first": true
},
"uniqueAnchor": {
"contextRef": "c-1",
"name": "us-gaap:LaborAndRelatedExpense",
"unitRef": "usd",
"xsiNil": "false",
"lang": "en-US",
"decimals": "-3",
"ancestors": [
"span",
"td",
"tr",
"table",
"div",
"body",
"html"
],
"reportCount": 1,
"baseRef": "hsii-20250331.htm",
"unique": true
}
},
"R5": {
"role": "http://heidrick.com/role/CONDENSEDCONSOLIDATEDSTATEMENTSOFCHANGESINSTOCKHOLDERSEQUITY",
"longName": "9952154 - Statement - CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS\u2019 EQUITY",
"shortName": "CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS\u2019 EQUITY",
"isDefault": "false",
"groupType": "statement",
"subGroupType": "",
"menuCat": "Statements",
"order": "5",
"firstAnchor": {
"contextRef": "c-20",
"name": "us-gaap:CommonStockSharesOutstanding",
"unitRef": "shares",
"xsiNil": "false",
"lang": "en-US",
"decimals": "-3",
"ancestors": [
"span",
"td",
"tr",
"table",
"div",
"body",
"html"
],
"reportCount": 1,
"baseRef": "hsii-20250331.htm",
"first": true,
"unique": true
},
"uniqueAnchor": {
"contextRef": "c-20",
"name": "us-gaap:CommonStockSharesOutstanding",
"unitRef": "shares",
"xsiNil": "false",
"lang": "en-US",
"decimals": "-3",
"ancestors": [
"span",
"td",
"tr",
"table",
"div",
"body",
"html"
],
"reportCount": 1,
"baseRef": "hsii-20250331.htm",
"first": true,
"unique": true
}
},
"R6": {
"role": "http://heidrick.com/role/CONDENSEDCONSOLIDATEDSTATEMENTSOFCHANGESINSTOCKHOLDERSEQUITYParenthetical",
"longName": "9952155 - Statement - CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS\u2019 EQUITY (Parenthetical)",
"shortName": "CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS\u2019 EQUITY (Parenthetical)",
"isDefault": "false",
"groupType": "statement",
"subGroupType": "parenthetical",
"menuCat": "Statements",
"order": "6",
"firstAnchor": {
"contextRef": "c-1",
"name": "us-gaap:CommonStockDividendsPerShareDeclared",
"unitRef": "usdPerShare",
"xsiNil": "false",
"lang": "en-US",
"decimals": "INF",
"ancestors": [
"span",
"div",
"td",
"tr",
"table",
"div",
"body",
"html"
],
"reportCount": 1,
"baseRef": "hsii-20250331.htm",
"first": true,
"unique": true
},
"uniqueAnchor": {
"contextRef": "c-1",
"name": "us-gaap:CommonStockDividendsPerShareDeclared",
"unitRef": "usdPerShare",
"xsiNil": "false",
"lang": "en-US",
"decimals": "INF",
"ancestors": [
"span",
"div",
"td",
"tr",
"table",
"div",
"body",
"html"
],
"reportCount": 1,
"baseRef": "hsii-20250331.htm",
"first": true,
"unique": true
}
},
"R7": {
"role": "http://heidrick.com/role/CONDENSEDCONSOLIDATEDSTATEMENTSOFCASHFLOWS",
"longName": "9952156 - Statement - CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS",
"shortName": "CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS",
"isDefault": "false",
"groupType": "statement",
"subGroupType": "",
"menuCat": "Statements",
"order": "7",
"firstAnchor": {
"contextRef": "c-1",
"name": "us-gaap:NetIncomeLoss",
"unitRef": "usd",
"xsiNil": "false",
"lang": "en-US",
"decimals": "-3",
"ancestors": [
"span",
"td",
"tr",
"table",
"div",
"body",
"html"
],
"reportCount": 1,
"baseRef": "hsii-20250331.htm",
"first": true
},
"uniqueAnchor": {
"contextRef": "c-1",
"name": "us-gaap:DeferredIncomeTaxesAndTaxCredits",
"unitRef": "usd",
"xsiNil": "false",
"lang": "en-US",
"decimals": "-3",
"ancestors": [
"span",
"td",
"tr",
"table",
"div",
"body",
"html"
],
"reportCount": 1,
"baseRef": "hsii-20250331.htm",
"unique": true
}
},
"R8": {
"role": "http://heidrick.com/role/BasisofPresentationofInterimFinancialInformation",
"longName": "9952157 - Disclosure - Basis of Presentation of Interim Financial Information",
"shortName": "Basis of Presentation of Interim Financial Information",
"isDefault": "false",
"groupType": "disclosure",
"subGroupType": "",
"menuCat": "Notes",
"order": "8",
"firstAnchor": {
"contextRef": "c-1",
"name": "us-gaap:OrganizationConsolidationAndPresentationOfFinancialStatementsDisclosureTextBlock",
"unitRef": null,
"xsiNil": "false",
"lang": "en-US",
"decimals": null,
"ancestors": [
"span",
"div",
"body",
"html"
],
"reportCount": 1,
"baseRef": "hsii-20250331.htm",
"first": true,
"unique": true
},
"uniqueAnchor": {
"contextRef": "c-1",
"name": "us-gaap:OrganizationConsolidationAndPresentationOfFinancialStatementsDisclosureTextBlock",
"unitRef": null,
"xsiNil": "false",
"lang": "en-US",
"decimals": null,
"ancestors": [
"span",
"div",
"body",
"html"
],
"reportCount": 1,
"baseRef": "hsii-20250331.htm",
"first": true,
"unique": true
}
},
"R9": {
"role": "http://heidrick.com/role/SummaryofSignificantAccountingPolicies",
"longName": "9952158 - Disclosure - Summary of Significant Accounting Policies",
"shortName": "Summary of Significant Accounting Policies",
"isDefault": "false",
"groupType": "disclosure",
"subGroupType": "",
"menuCat": "Notes",
"order": "9",
"firstAnchor": {
"contextRef": "c-1",
"name": "us-gaap:BasisOfPresentationAndSignificantAccountingPoliciesTextBlock",
"unitRef": null,
"xsiNil": "false",
"lang": "en-US",
"decimals": null,
"ancestors": [
"span",
"div",
"body",
"html"
],
"reportCount": 1,
"baseRef": "hsii-20250331.htm",
"first": true,
"unique": true
},
"uniqueAnchor": {
"contextRef": "c-1",
"name": "us-gaap:BasisOfPresentationAndSignificantAccountingPoliciesTextBlock",
"unitRef": null,
"xsiNil": "false",
"lang": "en-US",
"decimals": null,
"ancestors": [
"span",
"div",
"body",
"html"
],
"reportCount": 1,
"baseRef": "hsii-20250331.htm",
"first": true,
"unique": true
}
},
"R10": {
"role": "http://heidrick.com/role/Revenue",
"longName": "9952159 - Disclosure - Revenue",
"shortName": "Revenue",
"isDefault": "false",
"groupType": "disclosure",
"subGroupType": "",
"menuCat": "Notes",
"order": "10",
"firstAnchor": {
"contextRef": "c-1",
"name": "us-gaap:RevenueFromContractWithCustomerTextBlock",
"unitRef": null,
"xsiNil": "false",
"lang": "en-US",
"decimals": null,
"ancestors": [
"span",
"div",
"body",
"html"
],
"reportCount": 1,
"baseRef": "hsii-20250331.htm",
"first": true,
"unique": true
},
"uniqueAnchor": {
"contextRef": "c-1",
"name": "us-gaap:RevenueFromContractWithCustomerTextBlock",
"unitRef": null,
"xsiNil": "false",
"lang": "en-US",
"decimals": null,
"ancestors": [
"span",
"div",
"body",
"html"
],
"reportCount": 1,
"baseRef": "hsii-20250331.htm",
"first": true,
"unique": true
}
},
"R11": {
"role": "http://heidrick.com/role/CreditLosses",
"longName": "9952160 - Disclosure - Credit Losses",
"shortName": "Credit Losses",
"isDefault": "false",
"groupType": "disclosure",
"subGroupType": "",
"menuCat": "Notes",
"order": "11",
"firstAnchor": {
"contextRef": "c-1",
"name": "us-gaap:LoansNotesTradeAndOtherReceivablesDisclosureTextBlock",
"unitRef": null,
"xsiNil": "false",
"lang": "en-US",
"decimals": null,
"ancestors": [
"span",
"div",
"body",
"html"
],
"reportCount": 1,
"baseRef": "hsii-20250331.htm",
"first": true,
"unique": true
},
"uniqueAnchor": {
"contextRef": "c-1",
"name": "us-gaap:LoansNotesTradeAndOtherReceivablesDisclosureTextBlock",
"unitRef": null,
"xsiNil": "false",
"lang": "en-US",
"decimals": null,
"ancestors": [
"span",
"div",
"body",
"html"
],
"reportCount": 1,
"baseRef": "hsii-20250331.htm",
"first": true,
"unique": true
}
},
"R12": {
"role": "http://heidrick.com/role/PropertyandEquipmentnet",
"longName": "9952161 - Disclosure - Property and Equipment, net",
"shortName": "Property and Equipment, net",
"isDefault": "false",
"groupType": "disclosure",
"subGroupType": "",
"menuCat": "Notes",
"order": "12",
"firstAnchor": {
"contextRef": "c-1",
"name": "us-gaap:PropertyPlantAndEquipmentDisclosureTextBlock",
"unitRef": null,
"xsiNil": "false",
"lang": "en-US",
"decimals": null,
"ancestors": [
"span",
"div",
"body",
"html"
],
"reportCount": 1,
"baseRef": "hsii-20250331.htm",
"first": true,
"unique": true
},
"uniqueAnchor": {
"contextRef": "c-1",
"name": "us-gaap:PropertyPlantAndEquipmentDisclosureTextBlock",
"unitRef": null,
"xsiNil": "false",
"lang": "en-US",
"decimals": null,
"ancestors": [
"span",
"div",
"body",
"html"
],
"reportCount": 1,
"baseRef": "hsii-20250331.htm",
"first": true,
"unique": true
}
},
"R13": {
"role": "http://heidrick.com/role/Leases",
"longName": "9952162 - Disclosure - Leases",
"shortName": "Leases",
"isDefault": "false",
"groupType": "disclosure",
"subGroupType": "",
"menuCat": "Notes",
"order": "13",
"firstAnchor": {
"contextRef": "c-1",
"name": "us-gaap:LesseeOperatingLeasesTextBlock",
"unitRef": null,
"xsiNil": "false",
"lang": "en-US",
"decimals": null,
"ancestors": [
"span",
"div",
"body",
"html"
],
"reportCount": 1,
"baseRef": "hsii-20250331.htm",
"first": true,
"unique": true
},
"uniqueAnchor": {
"contextRef": "c-1",
"name": "us-gaap:LesseeOperatingLeasesTextBlock",
"unitRef": null,
"xsiNil": "false",
"lang": "en-US",
"decimals": null,
"ancestors": [
"span",
"div",
"body",
"html"
],
"reportCount": 1,
"baseRef": "hsii-20250331.htm",
"first": true,
"unique": true
}
},
"R14": {
"role": "http://heidrick.com/role/FinancialInstrumentsandFairValue",
"longName": "9952163 - Disclosure - Financial Instruments and Fair Value",
"shortName": "Financial Instruments and Fair Value",
"isDefault": "false",
"groupType": "disclosure",
"subGroupType": "",
"menuCat": "Notes",
"order": "14",
"firstAnchor": {
"contextRef": "c-1",
"name": "us-gaap:FairValueDisclosuresTextBlock",
"unitRef": null,
"xsiNil": "false",
"lang": "en-US",
"decimals": null,
"ancestors": [
"span",
"div",
"body",
"html"
],
"reportCount": 1,
"baseRef": "hsii-20250331.htm",
"first": true,
"unique": true
},
"uniqueAnchor": {
"contextRef": "c-1",
"name": "us-gaap:FairValueDisclosuresTextBlock",
"unitRef": null,
"xsiNil": "false",
"lang": "en-US",
"decimals": null,
"ancestors": [
"span",
"div",
"body",
"html"
],
"reportCount": 1,
"baseRef": "hsii-20250331.htm",
"first": true,
"unique": true
}
},
"R15": {
"role": "http://heidrick.com/role/GoodwillandOtherIntangibleAssets",
"longName": "9952164 - Disclosure - Goodwill and Other Intangible Assets",
"shortName": "Goodwill and Other Intangible Assets",
"isDefault": "false",
"groupType": "disclosure",
"subGroupType": "",
"menuCat": "Notes",
"order": "15",
"firstAnchor": {
"contextRef": "c-1",
"name": "us-gaap:GoodwillAndIntangibleAssetsDisclosureTextBlock",
"unitRef": null,
"xsiNil": "false",
"lang": "en-US",
"decimals": null,
"ancestors": [
"span",
"div",
"body",
"html"
],
"reportCount": 1,
"baseRef": "hsii-20250331.htm",
"first": true,
"unique": true
},
"uniqueAnchor": {
"contextRef": "c-1",
"name": "us-gaap:GoodwillAndIntangibleAssetsDisclosureTextBlock",
"unitRef": null,
"xsiNil": "false",
"lang": "en-US",
"decimals": null,
"ancestors": [
"span",
"div",
"body",
"html"
],
"reportCount": 1,
"baseRef": "hsii-20250331.htm",
"first": true,
"unique": true
}
},
"R16": {
"role": "http://heidrick.com/role/OtherCurrentandNoncurrentAssetsandLiabilities",
"longName": "9952165 - Disclosure - Other Current and Non-current Assets and Liabilities",
"shortName": "Other Current and Non-current Assets and Liabilities",
"isDefault": "false",
"groupType": "disclosure",
"subGroupType": "",
"menuCat": "Notes",
"order": "16",
"firstAnchor": {
"contextRef": "c-1",
"name": "us-gaap:OtherAssetsDisclosureTextBlock",
"unitRef": null,
"xsiNil": "false",
"lang": "en-US",
"decimals": null,
"ancestors": [
"span",
"div",
"body",
"html"
],
"reportCount": 1,
"baseRef": "hsii-20250331.htm",
"first": true,
"unique": true
},
"uniqueAnchor": {
"contextRef": "c-1",
"name": "us-gaap:OtherAssetsDisclosureTextBlock",
"unitRef": null,
"xsiNil": "false",
"lang": "en-US",
"decimals": null,
"ancestors": [
"span",
"div",
"body",
"html"
],
"reportCount": 1,
"baseRef": "hsii-20250331.htm",
"first": true,
"unique": true
}
},
"R17": {
"role": "http://heidrick.com/role/LineofCredit",
"longName": "9952166 - Disclosure - Line of Credit",
"shortName": "Line of Credit",
"isDefault": "false",
"groupType": "disclosure",
"subGroupType": "",
"menuCat": "Notes",
"order": "17",
"firstAnchor": {
"contextRef": "c-1",
"name": "us-gaap:DebtDisclosureTextBlock",
"unitRef": null,
"xsiNil": "false",
"lang": "en-US",
"decimals": null,
"ancestors": [
"span",
"div",
"body",
"html"
],
"reportCount": 1,
"baseRef": "hsii-20250331.htm",
"first": true,
"unique": true
},
"uniqueAnchor": {
"contextRef": "c-1",
"name": "us-gaap:DebtDisclosureTextBlock",
"unitRef": null,
"xsiNil": "false",
"lang": "en-US",
"decimals": null,
"ancestors": [
"span",
"div",
"body",
"html"
],
"reportCount": 1,
"baseRef": "hsii-20250331.htm",
"first": true,
"unique": true
}
},
"R18": {
"role": "http://heidrick.com/role/StockBasedCompensationandCommonStock",
"longName": "9952167 - Disclosure - Stock-Based Compensation and Common Stock",
"shortName": "Stock-Based Compensation and Common Stock",
"isDefault": "false",
"groupType": "disclosure",
"subGroupType": "",
"menuCat": "Notes",
"order": "18",
"firstAnchor": {
"contextRef": "c-1",
"name": "us-gaap:DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock",
"unitRef": null,
"xsiNil": "false",
"lang": "en-US",
"decimals": null,
"ancestors": [
"span",
"div",
"body",
"html"
],
"reportCount": 1,
"baseRef": "hsii-20250331.htm",
"first": true,
"unique": true
},
"uniqueAnchor": {
"contextRef": "c-1",
"name": "us-gaap:DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock",
"unitRef": null,
"xsiNil": "false",
"lang": "en-US",
"decimals": null,
"ancestors": [
"span",
"div",
"body",
"html"
],
"reportCount": 1,
"baseRef": "hsii-20250331.htm",
"first": true,
"unique": true
}
},
"R19": {
"role": "http://heidrick.com/role/Restructuring",
"longName": "9952168 - Disclosure - Restructuring",
"shortName": "Restructuring",
"isDefault": "false",
"groupType": "disclosure",
"subGroupType": "",
"menuCat": "Notes",
"order": "19",
"firstAnchor": {
"contextRef": "c-1",
"name": "us-gaap:RestructuringAndRelatedActivitiesDisclosureTextBlock",
"unitRef": null,
"xsiNil": "false",
"lang": "en-US",
"decimals": null,
"ancestors": [
"div",
"body",
"html"
],
"reportCount": 1,
"baseRef": "hsii-20250331.htm",
"first": true,
"unique": true
},
"uniqueAnchor": {
"contextRef": "c-1",
"name": "us-gaap:RestructuringAndRelatedActivitiesDisclosureTextBlock",
"unitRef": null,
"xsiNil": "false",
"lang": "en-US",
"decimals": null,
"ancestors": [
"div",
"body",
"html"
],
"reportCount": 1,
"baseRef": "hsii-20250331.htm",
"first": true,
"unique": true
}
},
"R20": {
"role": "http://heidrick.com/role/IncomeTaxes",
"longName": "9952169 - Disclosure - Income Taxes",
"shortName": "Income Taxes",
"isDefault": "false",
"groupType": "disclosure",
"subGroupType": "",
"menuCat": "Notes",
"order": "20",
"firstAnchor": {
"contextRef": "c-1",
"name": "us-gaap:IncomeTaxDisclosureTextBlock",
"unitRef": null,
"xsiNil": "false",
"lang": "en-US",
"decimals": null,
"ancestors": [
"span",
"div",
"body",
"html"
],
"reportCount": 1,
"baseRef": "hsii-20250331.htm",
"first": true,
"unique": true
},
"uniqueAnchor": {
"contextRef": "c-1",
"name": "us-gaap:IncomeTaxDisclosureTextBlock",
"unitRef": null,
"xsiNil": "false",
"lang": "en-US",
"decimals": null,
"ancestors": [
"span",
"div",
"body",
"html"
],
"reportCount": 1,
"baseRef": "hsii-20250331.htm",
"first": true,
"unique": true
}
},
"R21": {
"role": "http://heidrick.com/role/ChangesinAccumulatedOtherComprehensiveIncomeLoss",
"longName": "9952170 - Disclosure - Changes in Accumulated Other Comprehensive Income (Loss)",
"shortName": "Changes in Accumulated Other Comprehensive Income (Loss)",
"isDefault": "false",
"groupType": "disclosure",
"subGroupType": "",
"menuCat": "Notes",
"order": "21",
"firstAnchor": {
"contextRef": "c-1",
"name": "us-gaap:ComprehensiveIncomeNoteTextBlock",
"unitRef": null,
"xsiNil": "false",
"lang": "en-US",
"decimals": null,
"ancestors": [
"span",
"div",
"body",
"html"
],
"reportCount": 1,
"baseRef": "hsii-20250331.htm",
"first": true,
"unique": true
},
"uniqueAnchor": {
"contextRef": "c-1",
"name": "us-gaap:ComprehensiveIncomeNoteTextBlock",
"unitRef": null,
"xsiNil": "false",
"lang": "en-US",
"decimals": null,
"ancestors": [
"span",
"div",
"body",
"html"
],
"reportCount": 1,
"baseRef": "hsii-20250331.htm",
"first": true,
"unique": true
}
},
"R22": {
"role": "http://heidrick.com/role/SegmentInformation",
"longName": "9952171 - Disclosure - Segment Information",
"shortName": "Segment Information",
"isDefault": "false",
"groupType": "disclosure",
"subGroupType": "",
"menuCat": "Notes",
"order": "22",
"firstAnchor": {
"contextRef": "c-1",
"name": "us-gaap:SegmentReportingDisclosureTextBlock",
"unitRef": null,
"xsiNil": "false",
"lang": "en-US",
"decimals": null,
"ancestors": [
"span",
"div",
"body",
"html"
],
"reportCount": 1,
"baseRef": "hsii-20250331.htm",
"first": true,
"unique": true
},
"uniqueAnchor": {
"contextRef": "c-1",
"name": "us-gaap:SegmentReportingDisclosureTextBlock",
"unitRef": null,
"xsiNil": "false",
"lang": "en-US",
"decimals": null,
"ancestors": [
"span",
"div",
"body",
"html"
],
"reportCount": 1,
"baseRef": "hsii-20250331.htm",
"first": true,
"unique": true
}
},
"R23": {
"role": "http://heidrick.com/role/Guarantees",
"longName": "9952172 - Disclosure - Guarantees",
"shortName": "Guarantees",
"isDefault": "false",
"groupType": "disclosure",
"subGroupType": "",
"menuCat": "Notes",
"order": "23",
"firstAnchor": {
"contextRef": "c-1",
"name": "us-gaap:GuaranteesTextBlock",
"unitRef": null,
"xsiNil": "false",
"lang": "en-US",
"decimals": null,
"ancestors": [
"span",
"div",
"body",
"html"
],
"reportCount": 1,
"baseRef": "hsii-20250331.htm",
"first": true,
"unique": true
},
"uniqueAnchor": {
"contextRef": "c-1",
"name": "us-gaap:GuaranteesTextBlock",
"unitRef": null,
"xsiNil": "false",
"lang": "en-US",
"decimals": null,
"ancestors": [
"span",
"div",
"body",
"html"
],
"reportCount": 1,
"baseRef": "hsii-20250331.htm",
"first": true,
"unique": true
}
},
"R24": {
"role": "http://heidrick.com/role/CommitmentsandContingencies",
"longName": "9952173 - Disclosure - Commitments and Contingencies",
"shortName": "Commitments and Contingencies",
"isDefault": "false",
"groupType": "disclosure",
"subGroupType": "",
"menuCat": "Notes",
"order": "24",
"firstAnchor": {
"contextRef": "c-1",
"name": "us-gaap:CommitmentsAndContingenciesDisclosureTextBlock",
"unitRef": null,
"xsiNil": "false",
"lang": "en-US",
"decimals": null,
"ancestors": [
"span",
"div",
"body",
"html"
],
"reportCount": 1,
"baseRef": "hsii-20250331.htm",
"first": true,
"unique": true
},
"uniqueAnchor": {
"contextRef": "c-1",
"name": "us-gaap:CommitmentsAndContingenciesDisclosureTextBlock",
"unitRef": null,
"xsiNil": "false",
"lang": "en-US",
"decimals": null,
"ancestors": [
"span",
"div",
"body",
"html"
],
"reportCount": 1,
"baseRef": "hsii-20250331.htm",
"first": true,
"unique": true
}
},
"R25": {
"role": "http://xbrl.sec.gov/ecd/role/PvpDisclosure",
"longName": "995410 - Disclosure - Pay vs Performance Disclosure",
"shortName": "Pay vs Performance Disclosure",
"isDefault": "false",
"groupType": "disclosure",
"subGroupType": "",
"menuCat": "Notes",
"order": "25",
"firstAnchor": {
"contextRef": "c-1",
"name": "us-gaap:NetIncomeLoss",
"unitRef": "usd",
"xsiNil": "false",
"lang": "en-US",
"decimals": "-3",
"ancestors": [
"span",
"td",
"tr",
"table",
"div",
"body",
"html"
],
"reportCount": 1,
"baseRef": "hsii-20250331.htm",
"first": true
},
"uniqueAnchor": null
},
"R26": {
"role": "http://xbrl.sec.gov/ecd/role/InsiderTradingArrangements",
"longName": "995445 - Disclosure - Insider Trading Arrangements",
"shortName": "Insider Trading Arrangements",
"isDefault": "false",
"groupType": "disclosure",
"subGroupType": "",
"menuCat": "Notes",
"order": "26",
"firstAnchor": null,
"uniqueAnchor": null
},
"R27": {
"role": "http://heidrick.com/role/SummaryofSignificantAccountingPoliciesPolicies",
"longName": "9955511 - Disclosure - Summary of Significant Accounting Policies (Policies)",
"shortName": "Summary of Significant Accounting Policies (Policies)",
"isDefault": "false",
"groupType": "disclosure",
"subGroupType": "policies",
"menuCat": "Policies",
"order": "27",
"firstAnchor": {
"contextRef": "c-1",
"name": "us-gaap:CostOfSalesPolicyTextBlock",
"unitRef": null,
"xsiNil": "false",
"lang": "en-US",
"decimals": null,
"ancestors": [
"ix:continuation",
"body",
"html"
],
"reportCount": 1,
"baseRef": "hsii-20250331.htm",
"first": true,
"unique": true
},
"uniqueAnchor": {
"contextRef": "c-1",
"name": "us-gaap:CostOfSalesPolicyTextBlock",
"unitRef": null,
"xsiNil": "false",
"lang": "en-US",
"decimals": null,
"ancestors": [
"ix:continuation",
"body",
"html"
],
"reportCount": 1,
"baseRef": "hsii-20250331.htm",
"first": true,
"unique": true
}
},
"R28": {
"role": "http://heidrick.com/role/SummaryofSignificantAccountingPoliciesTables",
"longName": "9955512 - Disclosure - Summary of Significant Accounting Policies (Tables)",
"shortName": "Summary of Significant Accounting Policies (Tables)",
"isDefault": "false",
"groupType": "disclosure",
"subGroupType": "tables",
"menuCat": "Tables",
"order": "28",
"firstAnchor": {
"contextRef": "c-1",
"name": "us-gaap:ScheduleOfCashAndCashEquivalentsTableTextBlock",
"unitRef": null,
"xsiNil": "false",
"lang": "en-US",
"decimals": null,
"ancestors": [
"ix:continuation",
"body",
"html"
],
"reportCount": 1,
"baseRef": "hsii-20250331.htm",
"first": true,
"unique": true
},
"uniqueAnchor": {
"contextRef": "c-1",
"name": "us-gaap:ScheduleOfCashAndCashEquivalentsTableTextBlock",
"unitRef": null,
"xsiNil": "false",
"lang": "en-US",
"decimals": null,
"ancestors": [
"ix:continuation",
"body",
"html"
],
"reportCount": 1,
"baseRef": "hsii-20250331.htm",
"first": true,
"unique": true
}
},
"R29": {
"role": "http://heidrick.com/role/RevenueTables",
"longName": "9955513 - Disclosure - Revenue (Tables)",
"shortName": "Revenue (Tables)",
"isDefault": "false",
"groupType": "disclosure",
"subGroupType": "tables",
"menuCat": "Tables",
"order": "29",
"firstAnchor": {
"contextRef": "c-1",
"name": "us-gaap:ContractWithCustomerAssetAndLiabilityTableTextBlock",
"unitRef": null,
"xsiNil": "false",
"lang": "en-US",
"decimals": null,
"ancestors": [
"ix:continuation",
"body",
"html"
],
"reportCount": 1,
"baseRef": "hsii-20250331.htm",
"first": true,
"unique": true
},
"uniqueAnchor": {
"contextRef": "c-1",
"name": "us-gaap:ContractWithCustomerAssetAndLiabilityTableTextBlock",
"unitRef": null,
"xsiNil": "false",
"lang": "en-US",
"decimals": null,
"ancestors": [
"ix:continuation",
"body",
"html"
],
"reportCount": 1,
"baseRef": "hsii-20250331.htm",
"first": true,
"unique": true
}
},
"R30": {
"role": "http://heidrick.com/role/CreditLossesTables",
"longName": "9955514 - Disclosure - Credit Losses (Tables)",
"shortName": "Credit Losses (Tables)",
"isDefault": "false",
"groupType": "disclosure",
"subGroupType": "tables",
"menuCat": "Tables",
"order": "30",
"firstAnchor": {
"contextRef": "c-1",
"name": "us-gaap:AccountsReceivableAllowanceForCreditLossTableTextBlock",
"unitRef": null,
"xsiNil": "false",
"lang": "en-US",
"decimals": null,
"ancestors": [
"ix:continuation",
"body",
"html"
],
"reportCount": 1,
"baseRef": "hsii-20250331.htm",
"first": true,
"unique": true
},
"uniqueAnchor": {
"contextRef": "c-1",
"name": "us-gaap:AccountsReceivableAllowanceForCreditLossTableTextBlock",
"unitRef": null,
"xsiNil": "false",
"lang": "en-US",
"decimals": null,
"ancestors": [
"ix:continuation",
"body",
"html"
],
"reportCount": 1,
"baseRef": "hsii-20250331.htm",
"first": true,
"unique": true
}
},
"R31": {
"role": "http://heidrick.com/role/PropertyandEquipmentnetTables",
"longName": "9955515 - Disclosure - Property and Equipment, net (Tables)",
"shortName": "Property and Equipment, net (Tables)",
"isDefault": "false",
"groupType": "disclosure",
"subGroupType": "tables",
"menuCat": "Tables",
"order": "31",
"firstAnchor": {
"contextRef": "c-1",
"name": "us-gaap:PropertyPlantAndEquipmentTextBlock",
"unitRef": null,
"xsiNil": "false",
"lang": "en-US",
"decimals": null,
"ancestors": [
"ix:continuation",
"body",
"html"
],
"reportCount": 1,
"baseRef": "hsii-20250331.htm",
"first": true,
"unique": true
},
"uniqueAnchor": {
"contextRef": "c-1",
"name": "us-gaap:PropertyPlantAndEquipmentTextBlock",
"unitRef": null,
"xsiNil": "false",
"lang": "en-US",
"decimals": null,
"ancestors": [
"ix:continuation",
"body",
"html"
],
"reportCount": 1,
"baseRef": "hsii-20250331.htm",
"first": true,
"unique": true
}
},
"R32": {
"role": "http://heidrick.com/role/LeasesTables",
"longName": "9955516 - Disclosure - Leases (Tables)",
"shortName": "Leases (Tables)",
"isDefault": "false",
"groupType": "disclosure",
"subGroupType": "tables",
"menuCat": "Tables",
"order": "32",
"firstAnchor": {
"contextRef": "c-1",
"name": "us-gaap:LeaseCostTableTextBlock",
"unitRef": null,
"xsiNil": "false",
"lang": "en-US",
"decimals": null,
"ancestors": [
"ix:continuation",
"body",
"html"
],
"reportCount": 1,
"baseRef": "hsii-20250331.htm",
"first": true,
"unique": true
},
"uniqueAnchor": {
"contextRef": "c-1",
"name": "us-gaap:LeaseCostTableTextBlock",
"unitRef": null,
"xsiNil": "false",
"lang": "en-US",
"decimals": null,
"ancestors": [
"ix:continuation",
"body",
"html"
],
"reportCount": 1,
"baseRef": "hsii-20250331.htm",
"first": true,
"unique": true
}
},
"R33": {
"role": "http://heidrick.com/role/FinancialInstrumentsandFairValueTables",
"longName": "9955517 - Disclosure - Financial Instruments and Fair Value (Tables)",
"shortName": "Financial Instruments and Fair Value (Tables)",
"isDefault": "false",
"groupType": "disclosure",
"subGroupType": "tables",
"menuCat": "Tables",
"order": "33",
"firstAnchor": {
"contextRef": "c-1",
"name": "us-gaap:UnrealizedGainLossOnInvestmentsTableTextBlock",
"unitRef": null,
"xsiNil": "false",
"lang": "en-US",
"decimals": null,
"ancestors": [
"ix:continuation",
"body",
"html"
],
"reportCount": 1,
"baseRef": "hsii-20250331.htm",
"first": true,
"unique": true
},
"uniqueAnchor": {
"contextRef": "c-1",
"name": "us-gaap:UnrealizedGainLossOnInvestmentsTableTextBlock",
"unitRef": null,
"xsiNil": "false",
"lang": "en-US",
"decimals": null,
"ancestors": [
"ix:continuation",
"body",
"html"
],
"reportCount": 1,
"baseRef": "hsii-20250331.htm",
"first": true,
"unique": true
}
},
"R34": {
"role": "http://heidrick.com/role/GoodwillandOtherIntangibleAssetsTables",
"longName": "9955518 - Disclosure - Goodwill and Other Intangible Assets (Tables)",
"shortName": "Goodwill and Other Intangible Assets (Tables)",
"isDefault": "false",
"groupType": "disclosure",
"subGroupType": "tables",
"menuCat": "Tables",
"order": "34",
"firstAnchor": {
"contextRef": "c-1",
"name": "us-gaap:ScheduleOfIntangibleAssetsAndGoodwillTableTextBlock",
"unitRef": null,
"xsiNil": "false",
"lang": "en-US",
"decimals": null,
"ancestors": [
"ix:continuation",
"body",
"html"
],
"reportCount": 1,
"baseRef": "hsii-20250331.htm",
"first": true,
"unique": true
},
"uniqueAnchor": {
"contextRef": "c-1",
"name": "us-gaap:ScheduleOfIntangibleAssetsAndGoodwillTableTextBlock",
"unitRef": null,
"xsiNil": "false",
"lang": "en-US",
"decimals": null,
"ancestors": [
"ix:continuation",
"body",
"html"
],
"reportCount": 1,
"baseRef": "hsii-20250331.htm",
"first": true,
"unique": true
}
},
"R35": {
"role": "http://heidrick.com/role/OtherCurrentandNoncurrentAssetsandLiabilitiesTables",
"longName": "9955519 - Disclosure - Other Current and Non-current Assets and Liabilities (Tables)",
"shortName": "Other Current and Non-current Assets and Liabilities (Tables)",
"isDefault": "false",
"groupType": "disclosure",
"subGroupType": "tables",
"menuCat": "Tables",
"order": "35",
"firstAnchor": {
"contextRef": "c-1",
"name": "us-gaap:ScheduleOfOtherCurrentAssetsTableTextBlock",
"unitRef": null,
"xsiNil": "false",
"lang": "en-US",
"decimals": null,
"ancestors": [
"ix:continuation",
"ix:continuation",
"body",
"html"
],
"reportCount": 1,
"baseRef": "hsii-20250331.htm",
"first": true,
"unique": true
},
"uniqueAnchor": {
"contextRef": "c-1",
"name": "us-gaap:ScheduleOfOtherCurrentAssetsTableTextBlock",
"unitRef": null,
"xsiNil": "false",
"lang": "en-US",
"decimals": null,
"ancestors": [
"ix:continuation",
"ix:continuation",
"body",
"html"
],
"reportCount": 1,
"baseRef": "hsii-20250331.htm",
"first": true,
"unique": true
}
},
"R36": {
"role": "http://heidrick.com/role/StockBasedCompensationandCommonStockTables",
"longName": "9955520 - Disclosure - Stock-Based Compensation and Common Stock (Tables)",
"shortName": "Stock-Based Compensation and Common Stock (Tables)",
"isDefault": "false",
"groupType": "disclosure",
"subGroupType": "tables",
"menuCat": "Tables",
"order": "36",
"firstAnchor": {
"contextRef": "c-1",
"name": "us-gaap:ScheduleOfEmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsTextBlock",
"unitRef": null,
"xsiNil": "false",
"lang": "en-US",
"decimals": null,
"ancestors": [
"ix:continuation",
"body",
"html"
],
"reportCount": 1,
"baseRef": "hsii-20250331.htm",
"first": true,
"unique": true
},
"uniqueAnchor": {
"contextRef": "c-1",
"name": "us-gaap:ScheduleOfEmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsTextBlock",
"unitRef": null,
"xsiNil": "false",
"lang": "en-US",
"decimals": null,
"ancestors": [
"ix:continuation",
"body",
"html"
],
"reportCount": 1,
"baseRef": "hsii-20250331.htm",
"first": true,
"unique": true
}
},
"R37": {
"role": "http://heidrick.com/role/RestructuringTables",
"longName": "9955521 - Disclosure - Restructuring (Tables)",
"shortName": "Restructuring (Tables)",
"isDefault": "false",
"groupType": "disclosure",
"subGroupType": "tables",
"menuCat": "Tables",
"order": "37",
"firstAnchor": {
"contextRef": "c-1",
"name": "us-gaap:ScheduleOfRestructuringAndRelatedCostsTextBlock",
"unitRef": null,
"xsiNil": "false",
"lang": "en-US",
"decimals": null,
"ancestors": [
"ix:continuation",
"body",
"html"
],
"reportCount": 1,
"baseRef": "hsii-20250331.htm",
"first": true,
"unique": true
},
"uniqueAnchor": {
"contextRef": "c-1",
"name": "us-gaap:ScheduleOfRestructuringAndRelatedCostsTextBlock",
"unitRef": null,
"xsiNil": "false",
"lang": "en-US",
"decimals": null,
"ancestors": [
"ix:continuation",
"body",
"html"
],
"reportCount": 1,
"baseRef": "hsii-20250331.htm",
"first": true,
"unique": true
}
},
"R38": {
"role": "http://heidrick.com/role/ChangesinAccumulatedOtherComprehensiveIncomeLossTables",
"longName": "9955522 - Disclosure - Changes in Accumulated Other Comprehensive Income (Loss) (Tables)",
"shortName": "Changes in Accumulated Other Comprehensive Income (Loss) (Tables)",
"isDefault": "false",
"groupType": "disclosure",
"subGroupType": "tables",
"menuCat": "Tables",
"order": "38",
"firstAnchor": {
"contextRef": "c-1",
"name": "us-gaap:ScheduleOfAccumulatedOtherComprehensiveIncomeLossTableTextBlock",
"unitRef": null,
"xsiNil": "false",
"lang": "en-US",
"decimals": null,
"ancestors": [
"body",
"html"
],
"reportCount": 1,
"baseRef": "hsii-20250331.htm",
"first": true,
"unique": true
},
"uniqueAnchor": {
"contextRef": "c-1",
"name": "us-gaap:ScheduleOfAccumulatedOtherComprehensiveIncomeLossTableTextBlock",
"unitRef": null,
"xsiNil": "false",
"lang": "en-US",
"decimals": null,
"ancestors": [
"body",
"html"
],
"reportCount": 1,
"baseRef": "hsii-20250331.htm",
"first": true,
"unique": true
}
},
"R39": {
"role": "http://heidrick.com/role/SegmentInformationTables",
"longName": "9955523 - Disclosure - Segment Information (Tables)",
"shortName": "Segment Information (Tables)",
"isDefault": "false",
"groupType": "disclosure",
"subGroupType": "tables",
"menuCat": "Tables",
"order": "39",
"firstAnchor": {
"contextRef": "c-1",
"name": "us-gaap:ScheduleOfSegmentReportingInformationBySegmentTextBlock",
"unitRef": null,
"xsiNil": "false",
"lang": "en-US",
"decimals": null,
"ancestors": [
"span",
"div",
"ix:continuation",
"body",
"html"
],
"reportCount": 1,
"baseRef": "hsii-20250331.htm",
"first": true,
"unique": true
},
"uniqueAnchor": {
"contextRef": "c-1",
"name": "us-gaap:ScheduleOfSegmentReportingInformationBySegmentTextBlock",
"unitRef": null,
"xsiNil": "false",
"lang": "en-US",
"decimals": null,
"ancestors": [
"span",
"div",
"ix:continuation",
"body",
"html"
],
"reportCount": 1,
"baseRef": "hsii-20250331.htm",
"first": true,
"unique": true
}
},
"R40": {
"role": "http://heidrick.com/role/SummaryofSignificantAccountingPoliciesReconciliationofCashandCashEquivalentsbetweenBalanceSheetandCashFlowStatementsDetails",
"longName": "9955524 - Disclosure - Summary of Significant Accounting Policies - Reconciliation of Cash and Cash Equivalents between Balance Sheet and Cash Flow Statements (Details)",
"shortName": "Summary of Significant Accounting Policies - Reconciliation of Cash and Cash Equivalents between Balance Sheet and Cash Flow Statements (Details)",
"isDefault": "false",
"groupType": "disclosure",
"subGroupType": "details",
"menuCat": "Details",
"order": "40",
"firstAnchor": {
"contextRef": "c-3",
"name": "us-gaap:CashAndCashEquivalentsAtCarryingValue",
"unitRef": "usd",
"xsiNil": "false",
"lang": "en-US",
"decimals": "-3",
"ancestors": [
"span",
"td",
"tr",
"table",
"div",
"us-gaap:ScheduleOfCashAndCashEquivalentsTableTextBlock",
"ix:continuation",
"body",
"html"
],
"reportCount": 1,
"baseRef": "hsii-20250331.htm",
"first": true
},
"uniqueAnchor": {
"contextRef": "c-3",
"name": "us-gaap:RestrictedCash",
"unitRef": "usd",
"xsiNil": "false",
"lang": "en-US",
"decimals": "-3",
"ancestors": [
"span",
"td",
"tr",
"table",
"div",
"us-gaap:ScheduleOfCashAndCashEquivalentsTableTextBlock",
"ix:continuation",
"body",
"html"
],
"reportCount": 1,
"baseRef": "hsii-20250331.htm",
"unique": true
}
},
"R41": {
"role": "http://heidrick.com/role/SummaryofSignificantAccountingPoliciesScheduleofEarningsperShareDetails",
"longName": "9955525 - Disclosure - Summary of Significant Accounting Policies - Schedule of Earnings per Share (Details)",
"shortName": "Summary of Significant Accounting Policies - Schedule of Earnings per Share (Details)",
"isDefault": "false",
"groupType": "disclosure",
"subGroupType": "details",
"menuCat": "Details",
"order": "41",
"firstAnchor": {
"contextRef": "c-1",
"name": "us-gaap:NetIncomeLoss",
"unitRef": "usd",
"xsiNil": "false",
"lang": "en-US",
"decimals": "-3",
"ancestors": [
"span",
"td",
"tr",
"table",
"div",
"body",
"html"
],
"reportCount": 1,
"baseRef": "hsii-20250331.htm",
"first": true
},
"uniqueAnchor": {
"contextRef": "c-36",
"name": "us-gaap:IncrementalCommonSharesAttributableToShareBasedPaymentArrangements",
"unitRef": "shares",
"xsiNil": "false",
"lang": "en-US",
"decimals": "-3",
"ancestors": [
"span",
"td",
"tr",
"table",
"div",
"us-gaap:ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock",
"ix:continuation",
"body",
"html"
],
"reportCount": 1,
"baseRef": "hsii-20250331.htm",
"unique": true
}
},
"R42": {
"role": "http://heidrick.com/role/SummaryofSignificantAccountingPoliciesNarrativeDetails",
"longName": "9955526 - Disclosure - Summary of Significant Accounting Policies - Narrative (Details)",
"shortName": "Summary of Significant Accounting Policies - Narrative (Details)",
"isDefault": "false",
"groupType": "disclosure",
"subGroupType": "details",
"menuCat": "Details",
"order": "42",
"firstAnchor": {
"contextRef": "c-1",
"name": "us-gaap:NumberOfReportingUnits",
"unitRef": "reportingunit",
"xsiNil": "false",
"lang": "en-US",
"decimals": "INF",
"ancestors": [
"span",
"div",
"us-gaap:GoodwillAndIntangibleAssetsGoodwillPolicy",
"ix:continuation",
"body",
"html"
],
"reportCount": 1,
"baseRef": "hsii-20250331.htm",
"first": true,
"unique": true
},
"uniqueAnchor": {
"contextRef": "c-1",
"name": "us-gaap:NumberOfReportingUnits",
"unitRef": "reportingunit",
"xsiNil": "false",
"lang": "en-US",
"decimals": "INF",
"ancestors": [
"span",
"div",
"us-gaap:GoodwillAndIntangibleAssetsGoodwillPolicy",
"ix:continuation",
"body",
"html"
],
"reportCount": 1,
"baseRef": "hsii-20250331.htm",
"first": true,
"unique": true
}
},
"R43": {
"role": "http://heidrick.com/role/RevenueNarrativeDetails",
"longName": "9955527 - Disclosure - Revenue - Narrative (Details)",
"shortName": "Revenue - Narrative (Details)",
"isDefault": "false",
"groupType": "disclosure",
"subGroupType": "details",
"menuCat": "Details",
"order": "43",
"firstAnchor": {
"contextRef": "c-1",
"name": "us-gaap:RevenuePerformanceObligationDescriptionOfTiming",
"unitRef": null,
"xsiNil": "false",
"lang": "en-US",
"decimals": null,
"ancestors": [
"span",
"div",
"ix:continuation",
"us-gaap:RevenueFromContractWithCustomerPolicyTextBlock",
"body",
"html"
],
"reportCount": 1,
"baseRef": "hsii-20250331.htm",
"first": true,
"unique": true
},
"uniqueAnchor": {
"contextRef": "c-1",
"name": "us-gaap:RevenuePerformanceObligationDescriptionOfTiming",
"unitRef": null,
"xsiNil": "false",
"lang": "en-US",
"decimals": null,
"ancestors": [
"span",
"div",
"ix:continuation",
"us-gaap:RevenueFromContractWithCustomerPolicyTextBlock",
"body",
"html"
],
"reportCount": 1,
"baseRef": "hsii-20250331.htm",
"first": true,
"unique": true
}
},
"R44": {
"role": "http://heidrick.com/role/RevenueSummaryofChangesinContractAssetsandLiabilitiesDetails",
"longName": "9955528 - Disclosure - Revenue - Summary of Changes in Contract Assets and Liabilities (Details)",
"shortName": "Revenue - Summary of Changes in Contract Assets and Liabilities (Details)",
"isDefault": "false",
"groupType": "disclosure",
"subGroupType": "details",
"menuCat": "Details",
"order": "44",
"firstAnchor": {
"contextRef": "c-3",
"name": "us-gaap:UnbilledContractsReceivable",
"unitRef": "usd",
"xsiNil": "false",
"lang": "en-US",
"decimals": "-3",
"ancestors": [
"span",
"td",
"tr",
"table",
"div",
"us-gaap:ContractWithCustomerAssetAndLiabilityTableTextBlock",
"ix:continuation",
"body",
"html"
],
"reportCount": 1,
"baseRef": "hsii-20250331.htm",
"first": true,
"unique": true
},
"uniqueAnchor": {
"contextRef": "c-3",
"name": "us-gaap:UnbilledContractsReceivable",
"unitRef": "usd",
"xsiNil": "false",
"lang": "en-US",
"decimals": "-3",
"ancestors": [
"span",
"td",
"tr",
"table",
"div",
"us-gaap:ContractWithCustomerAssetAndLiabilityTableTextBlock",
"ix:continuation",
"body",
"html"
],
"reportCount": 1,
"baseRef": "hsii-20250331.htm",
"first": true,
"unique": true
}
},
"R45": {
"role": "http://heidrick.com/role/CreditLossesScheduleofAccountsReceivableAllowanceforCreditLossDetails",
"longName": "9955529 - Disclosure - Credit Losses - Schedule of Accounts Receivable, Allowance for Credit Loss (Details)",
"shortName": "Credit Losses - Schedule of Accounts Receivable, Allowance for Credit Loss (Details)",
"isDefault": "false",
"groupType": "disclosure",
"subGroupType": "details",
"menuCat": "Details",
"order": "45",
"firstAnchor": {
"contextRef": "c-4",
"name": "us-gaap:AllowanceForDoubtfulAccountsReceivable",
"unitRef": "usd",
"xsiNil": "false",
"lang": "en-US",
"decimals": "-3",
"ancestors": [
"span",
"td",
"tr",
"table",
"div",
"us-gaap:AccountsReceivableAllowanceForCreditLossTableTextBlock",
"ix:continuation",
"body",
"html"
],
"reportCount": 1,
"baseRef": "hsii-20250331.htm",
"first": true,
"unique": true
},
"uniqueAnchor": {
"contextRef": "c-4",
"name": "us-gaap:AllowanceForDoubtfulAccountsReceivable",
"unitRef": "usd",
"xsiNil": "false",
"lang": "en-US",
"decimals": "-3",
"ancestors": [
"span",
"td",
"tr",
"table",
"div",
"us-gaap:AccountsReceivableAllowanceForCreditLossTableTextBlock",
"ix:continuation",
"body",
"html"
],
"reportCount": 1,
"baseRef": "hsii-20250331.htm",
"first": true,
"unique": true
}
},
"R46": {
"role": "http://heidrick.com/role/CreditLossesNarrativeDetails",
"longName": "9955530 - Disclosure - Credit Losses - Narrative (Details)",
"shortName": "Credit Losses - Narrative (Details)",
"isDefault": "false",
"groupType": "disclosure",
"subGroupType": "details",
"menuCat": "Details",
"order": "46",
"firstAnchor": {
"contextRef": "c-3",
"name": "us-gaap:DebtSecuritiesAvailableForSaleUnrealizedLossPositionNumberOfPositions",
"unitRef": "position",
"xsiNil": "false",
"lang": "en-US",
"decimals": "INF",
"ancestors": [
"span",
"div",
"ix:continuation",
"body",
"html"
],
"reportCount": 1,
"baseRef": "hsii-20250331.htm",
"first": true,
"unique": true
},
"uniqueAnchor": {
"contextRef": "c-3",
"name": "us-gaap:DebtSecuritiesAvailableForSaleUnrealizedLossPositionNumberOfPositions",
"unitRef": "position",
"xsiNil": "false",
"lang": "en-US",
"decimals": "INF",
"ancestors": [
"span",
"div",
"ix:continuation",
"body",
"html"
],
"reportCount": 1,
"baseRef": "hsii-20250331.htm",
"first": true,
"unique": true
}
},
"R47": {
"role": "http://heidrick.com/role/PropertyandEquipmentnetScheduleofPropertyandEquipmentDetails",
"longName": "9955531 - Disclosure - Property and Equipment, net - Schedule of Property and Equipment (Details)",
"shortName": "Property and Equipment, net - Schedule of Property and Equipment (Details)",
"isDefault": "false",
"groupType": "disclosure",
"subGroupType": "details",
"menuCat": "Details",
"order": "47",
"firstAnchor": {
"contextRef": "c-3",
"name": "us-gaap:PropertyPlantAndEquipmentGross",
"unitRef": "usd",
"xsiNil": "false",
"lang": "en-US",
"decimals": "-3",
"ancestors": [
"span",
"td",
"tr",
"table",
"div",
"us-gaap:PropertyPlantAndEquipmentTextBlock",
"ix:continuation",
"body",
"html"
],
"reportCount": 1,
"baseRef": "hsii-20250331.htm",
"first": true,
"unique": true
},
"uniqueAnchor": {
"contextRef": "c-3",
"name": "us-gaap:PropertyPlantAndEquipmentGross",
"unitRef": "usd",
"xsiNil": "false",
"lang": "en-US",
"decimals": "-3",
"ancestors": [
"span",
"td",
"tr",
"table",
"div",
"us-gaap:PropertyPlantAndEquipmentTextBlock",
"ix:continuation",
"body",
"html"
],
"reportCount": 1,
"baseRef": "hsii-20250331.htm",
"first": true,
"unique": true
}
},
"R48": {
"role": "http://heidrick.com/role/PropertyandEquipmentnetNarrativeDetails",
"longName": "9955532 - Disclosure - Property and Equipment, net - Narrative (Details)",
"shortName": "Property and Equipment, net - Narrative (Details)",
"isDefault": "false",
"groupType": "disclosure",
"subGroupType": "details",
"menuCat": "Details",
"order": "48",
"firstAnchor": {
"contextRef": "c-1",
"name": "us-gaap:Depreciation",
"unitRef": "usd",
"xsiNil": "false",
"lang": "en-US",
"decimals": "-3",
"ancestors": [
"span",
"td",
"tr",
"table",
"div",
"ix:continuation",
"ix:continuation",
"body",
"html"
],
"reportCount": 1,
"baseRef": "hsii-20250331.htm",
"first": true
},
"uniqueAnchor": null
},
"R49": {
"role": "http://heidrick.com/role/LeasesNarrativeDetails",
"longName": "9955533 - Disclosure - Leases - Narrative (Details)",
"shortName": "Leases - Narrative (Details)",
"isDefault": "false",
"groupType": "disclosure",
"subGroupType": "details",
"menuCat": "Details",
"order": "49",
"firstAnchor": {
"contextRef": "c-46",
"name": "us-gaap:LesseeOperatingLeaseTermOfContract",
"unitRef": null,
"xsiNil": "false",
"lang": "en-US",
"decimals": null,
"ancestors": [
"span",
"div",
"ix:continuation",
"body",
"html"
],
"reportCount": 1,
"baseRef": "hsii-20250331.htm",
"first": true,
"unique": true
},
"uniqueAnchor": {
"contextRef": "c-46",
"name": "us-gaap:LesseeOperatingLeaseTermOfContract",
"unitRef": null,
"xsiNil": "false",
"lang": "en-US",
"decimals": null,
"ancestors": [
"span",
"div",
"ix:continuation",
"body",
"html"
],
"reportCount": 1,
"baseRef": "hsii-20250331.htm",
"first": true,
"unique": true
}
},
"R50": {
"role": "http://heidrick.com/role/LeasesScheduleofLeaseCostDetails",
"longName": "9955534 - Disclosure - Leases - Schedule of Lease Cost (Details)",
"shortName": "Leases - Schedule of Lease Cost (Details)",
"isDefault": "false",
"groupType": "disclosure",
"subGroupType": "details",
"menuCat": "Details",
"order": "50",
"firstAnchor": {
"contextRef": "c-1",
"name": "us-gaap:OperatingLeaseCost",
"unitRef": "usd",
"xsiNil": "false",
"lang": "en-US",
"decimals": "-3",
"ancestors": [
"span",
"td",
"tr",
"table",
"div",
"us-gaap:LeaseCostTableTextBlock",
"ix:continuation",
"body",
"html"
],
"reportCount": 1,
"baseRef": "hsii-20250331.htm",
"first": true,
"unique": true
},
"uniqueAnchor": {
"contextRef": "c-1",
"name": "us-gaap:OperatingLeaseCost",
"unitRef": "usd",
"xsiNil": "false",
"lang": "en-US",
"decimals": "-3",
"ancestors": [
"span",
"td",
"tr",
"table",
"div",
"us-gaap:LeaseCostTableTextBlock",
"ix:continuation",
"body",
"html"
],
"reportCount": 1,
"baseRef": "hsii-20250331.htm",
"first": true,
"unique": true
}
},
"R51": {
"role": "http://heidrick.com/role/LeasesScheduleOfCashFlowInformationRelatedtoLeasesDetails",
"longName": "9955535 - Disclosure - Leases - Schedule Of Cash Flow Information Related to Leases (Details)",
"shortName": "Leases - Schedule Of Cash Flow Information Related to Leases (Details)",
"isDefault": "false",
"groupType": "disclosure",
"subGroupType": "details",
"menuCat": "Details",
"order": "51",
"firstAnchor": {
"contextRef": "c-1",
"name": "us-gaap:OperatingLeasePayments",
"unitRef": "usd",
"xsiNil": "false",
"lang": "en-US",
"decimals": "-3",
"ancestors": [
"span",
"td",
"tr",
"table",
"div",
"us-gaap:LeaseCostTableTextBlock",
"ix:continuation",
"body",
"html"
],
"reportCount": 1,
"baseRef": "hsii-20250331.htm",
"first": true,
"unique": true
},
"uniqueAnchor": {
"contextRef": "c-1",
"name": "us-gaap:OperatingLeasePayments",
"unitRef": "usd",
"xsiNil": "false",
"lang": "en-US",
"decimals": "-3",
"ancestors": [
"span",
"td",
"tr",
"table",
"div",
"us-gaap:LeaseCostTableTextBlock",
"ix:continuation",
"body",
"html"
],
"reportCount": 1,
"baseRef": "hsii-20250331.htm",
"first": true,
"unique": true
}
},
"R52": {
"role": "http://heidrick.com/role/LeasesScheduleofWeightedAverageInformationRelatedtoLeasesDetails",
"longName": "9955536 - Disclosure - Leases - Schedule of Weighted Average Information Related to Leases (Details)",
"shortName": "Leases - Schedule of Weighted Average Information Related to Leases (Details)",
"isDefault": "false",
"groupType": "disclosure",
"subGroupType": "details",
"menuCat": "Details",
"order": "52",
"firstAnchor": {
"contextRef": "c-3",
"name": "us-gaap:OperatingLeaseWeightedAverageRemainingLeaseTerm1",
"unitRef": null,
"xsiNil": "false",
"lang": "en-US",
"decimals": null,
"ancestors": [
"span",
"td",
"tr",
"table",
"div",
"hsii:AssetsAndLiabilitiesLesseeTableTextBlock",
"ix:continuation",
"body",
"html"
],
"reportCount": 1,
"baseRef": "hsii-20250331.htm",
"first": true,
"unique": true
},
"uniqueAnchor": {
"contextRef": "c-3",
"name": "us-gaap:OperatingLeaseWeightedAverageRemainingLeaseTerm1",
"unitRef": null,
"xsiNil": "false",
"lang": "en-US",
"decimals": null,
"ancestors": [
"span",
"td",
"tr",
"table",
"div",
"hsii:AssetsAndLiabilitiesLesseeTableTextBlock",
"ix:continuation",
"body",
"html"
],
"reportCount": 1,
"baseRef": "hsii-20250331.htm",
"first": true,
"unique": true
}
},
"R53": {
"role": "http://heidrick.com/role/LeasesScheduleofFutureMaturitiesforOperatingLeasesDetails",
"longName": "9955537 - Disclosure - Leases - Schedule of Future Maturities for Operating Leases (Details)",
"shortName": "Leases - Schedule of Future Maturities for Operating Leases (Details)",
"isDefault": "false",
"groupType": "disclosure",
"subGroupType": "details",
"menuCat": "Details",
"order": "53",
"firstAnchor": {
"contextRef": "c-3",
"name": "us-gaap:LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear",
"unitRef": "usd",
"xsiNil": "false",
"lang": "en-US",
"decimals": "-3",
"ancestors": [
"span",
"td",
"tr",
"table",
"div",
"us-gaap:LesseeOperatingLeaseLiabilityMaturityTableTextBlock",
"ix:continuation",
"body",
"html"
],
"reportCount": 1,
"baseRef": "hsii-20250331.htm",
"first": true,
"unique": true
},
"uniqueAnchor": {
"contextRef": "c-3",
"name": "us-gaap:LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear",
"unitRef": "usd",
"xsiNil": "false",
"lang": "en-US",
"decimals": "-3",
"ancestors": [
"span",
"td",
"tr",
"table",
"div",
"us-gaap:LesseeOperatingLeaseLiabilityMaturityTableTextBlock",
"ix:continuation",
"body",
"html"
],
"reportCount": 1,
"baseRef": "hsii-20250331.htm",
"first": true,
"unique": true
}
},
"R54": {
"role": "http://heidrick.com/role/FinancialInstrumentsandFairValueScheduleofUnrealizedGainLossonInvestmentsDetails",
"longName": "9955538 - Disclosure - Financial Instruments and Fair Value - Schedule of Unrealized Gain (Loss) on Investments (Details)",
"shortName": "Financial Instruments and Fair Value - Schedule of Unrealized Gain (Loss) on Investments (Details)",
"isDefault": "false",
"groupType": "disclosure",
"subGroupType": "details",
"menuCat": "Details",
"order": "54",
"firstAnchor": {
"contextRef": "c-3",
"name": "us-gaap:DebtSecuritiesAvailableForSaleAmortizedCostExcludingAccruedInterestAfterAllowanceForCreditLoss",
"unitRef": "usd",
"xsiNil": "false",
"lang": "en-US",
"decimals": "-3",
"ancestors": [
"span",
"td",
"tr",
"table",
"div",
"us-gaap:UnrealizedGainLossOnInvestmentsTableTextBlock",
"ix:continuation",
"body",
"html"
],
"reportCount": 1,
"baseRef": "hsii-20250331.htm",
"first": true,
"unique": true
},
"uniqueAnchor": {
"contextRef": "c-3",
"name": "us-gaap:DebtSecuritiesAvailableForSaleAmortizedCostExcludingAccruedInterestAfterAllowanceForCreditLoss",
"unitRef": "usd",
"xsiNil": "false",
"lang": "en-US",
"decimals": "-3",
"ancestors": [
"span",
"td",
"tr",
"table",
"div",
"us-gaap:UnrealizedGainLossOnInvestmentsTableTextBlock",
"ix:continuation",
"body",
"html"
],
"reportCount": 1,
"baseRef": "hsii-20250331.htm",
"first": true,
"unique": true
}
},
"R55": {
"role": "http://heidrick.com/role/FinancialInstrumentsandFairValueNarrativeDetails",
"longName": "9955539 - Disclosure - Financial Instruments and Fair Value - Narrative (Details)",
"shortName": "Financial Instruments and Fair Value - Narrative (Details)",
"isDefault": "false",
"groupType": "disclosure",
"subGroupType": "details",
"menuCat": "Details",
"order": "55",
"firstAnchor": {
"contextRef": "c-3",
"name": "hsii:AggregateCostBasisForNonQualifiedDeferredCompensationPlan",
"unitRef": "usd",
"xsiNil": "false",
"lang": "en-US",
"decimals": "-5",
"ancestors": [
"span",
"div",
"ix:continuation",
"body",
"html"
],
"reportCount": 1,
"baseRef": "hsii-20250331.htm",
"first": true,
"unique": true
},
"uniqueAnchor": {
"contextRef": "c-3",
"name": "hsii:AggregateCostBasisForNonQualifiedDeferredCompensationPlan",
"unitRef": "usd",
"xsiNil": "false",
"lang": "en-US",
"decimals": "-5",
"ancestors": [
"span",
"div",
"ix:continuation",
"body",
"html"
],
"reportCount": 1,
"baseRef": "hsii-20250331.htm",
"first": true,
"unique": true
}
},
"R56": {
"role": "http://heidrick.com/role/FinancialInstrumentsandFairValueScheduleofFairValueSeparateAccountInvestmentDetails",
"longName": "9955540 - Disclosure - Financial Instruments and Fair Value - Schedule of Fair Value, Separate Account Investment (Details)",
"shortName": "Financial Instruments and Fair Value - Schedule of Fair Value, Separate Account Investment (Details)",
"isDefault": "false",
"groupType": "disclosure",
"subGroupType": "details",
"menuCat": "Details",
"order": "56",
"firstAnchor": {
"contextRef": "c-3",
"name": "us-gaap:FairValueNetAssetLiability",
"unitRef": "usd",
"xsiNil": "false",
"lang": "en-US",
"decimals": "-3",
"ancestors": [
"span",
"td",
"tr",
"table",
"div",
"ix:continuation",
"us-gaap:FairValueByBalanceSheetGroupingTextBlock",
"body",
"html"
],
"reportCount": 1,
"baseRef": "hsii-20250331.htm",
"first": true,
"unique": true
},
"uniqueAnchor": {
"contextRef": "c-3",
"name": "us-gaap:FairValueNetAssetLiability",
"unitRef": "usd",
"xsiNil": "false",
"lang": "en-US",
"decimals": "-3",
"ancestors": [
"span",
"td",
"tr",
"table",
"div",
"ix:continuation",
"us-gaap:FairValueByBalanceSheetGroupingTextBlock",
"body",
"html"
],
"reportCount": 1,
"baseRef": "hsii-20250331.htm",
"first": true,
"unique": true
}
},
"R57": {
"role": "http://heidrick.com/role/FinancialInstrumentsandFairValueScheduleofReconciliationofLevel3AssetsandLiabilitiesDetails",
"longName": "9955541 - Disclosure - Financial Instruments and Fair Value - Schedule of Reconciliation of Level 3 Assets and Liabilities (Details)",
"shortName": "Financial Instruments and Fair Value - Schedule of Reconciliation of Level 3 Assets and Liabilities (Details)",
"isDefault": "false",
"groupType": "disclosure",
"subGroupType": "details",
"menuCat": "Details",
"order": "57",
"firstAnchor": {
"contextRef": "c-90",
"name": "us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue",
"unitRef": "usd",
"xsiNil": "false",
"lang": "en-US",
"decimals": "-3",
"ancestors": [
"span",
"td",
"tr",
"table",
"div",
"us-gaap:FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationTextBlock",
"ix:continuation",
"body",
"html"
],
"reportCount": 1,
"baseRef": "hsii-20250331.htm",
"first": true,
"unique": true
},
"uniqueAnchor": {
"contextRef": "c-90",
"name": "us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue",
"unitRef": "usd",
"xsiNil": "false",
"lang": "en-US",
"decimals": "-3",
"ancestors": [
"span",
"td",
"tr",
"table",
"div",
"us-gaap:FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationTextBlock",
"ix:continuation",
"body",
"html"
],
"reportCount": 1,
"baseRef": "hsii-20250331.htm",
"first": true,
"unique": true
}
},
"R58": {
"role": "http://heidrick.com/role/GoodwillandOtherIntangibleAssetsScheduleofGoodwillbySegmentDetails",
"longName": "9955542 - Disclosure - Goodwill and Other Intangible Assets - Schedule of Goodwill by Segment (Details)",
"shortName": "Goodwill and Other Intangible Assets - Schedule of Goodwill by Segment (Details)",
"isDefault": "false",
"groupType": "disclosure",
"subGroupType": "details",
"menuCat": "Details",
"order": "58",
"firstAnchor": {
"contextRef": "c-3",
"name": "us-gaap:GoodwillGross",
"unitRef": "usd",
"xsiNil": "false",
"lang": "en-US",
"decimals": "-3",
"ancestors": [
"span",
"td",
"tr",
"table",
"div",
"us-gaap:ScheduleOfGoodwillTextBlock",
"ix:continuation",
"body",
"html"
],
"reportCount": 1,
"baseRef": "hsii-20250331.htm",
"first": true
},
"uniqueAnchor": null
},
"R59": {
"role": "http://heidrick.com/role/GoodwillandOtherIntangibleAssetsScheduleofChangesinCarryingAmountofGoodwillbySegmentDetails",
"longName": "9955543 - Disclosure - Goodwill and Other Intangible Assets - Schedule of Changes in Carrying Amount of Goodwill by Segment (Details)",
"shortName": "Goodwill and Other Intangible Assets - Schedule of Changes in Carrying Amount of Goodwill by Segment (Details)",
"isDefault": "false",
"groupType": "disclosure",
"subGroupType": "details",
"menuCat": "Details",
"order": "59",
"firstAnchor": {
"contextRef": "c-4",
"name": "us-gaap:Goodwill",
"unitRef": "usd",
"xsiNil": "false",
"lang": "en-US",
"decimals": "-3",
"ancestors": [
"span",
"td",
"tr",
"table",
"div",
"body",
"html"
],
"reportCount": 1,
"baseRef": "hsii-20250331.htm",
"first": true
},
"uniqueAnchor": {
"contextRef": "c-1",
"name": "us-gaap:GoodwillForeignCurrencyTranslationGainLoss",
"unitRef": "usd",
"xsiNil": "false",
"lang": "en-US",
"decimals": "-3",
"ancestors": [
"span",
"td",
"tr",
"table",
"div",
"us-gaap:ScheduleOfGoodwillTextBlock",
"ix:continuation",
"body",
"html"
],
"reportCount": 1,
"baseRef": "hsii-20250331.htm",
"unique": true
}
},
"R60": {
"role": "http://heidrick.com/role/GoodwillandOtherIntangibleAssetsScheduleofIndefiniteLivedIntangibleAssetsDetails",
"longName": "9955544 - Disclosure - Goodwill and Other Intangible Assets - Schedule of Indefinite-Lived Intangible Assets (Details)",
"shortName": "Goodwill and Other Intangible Assets - Schedule of Indefinite-Lived Intangible Assets (Details)",
"isDefault": "false",
"groupType": "disclosure",
"subGroupType": "details",
"menuCat": "Details",
"order": "60",
"firstAnchor": {
"contextRef": "c-3",
"name": "us-gaap:FiniteLivedIntangibleAssetsNet",
"unitRef": "usd",
"xsiNil": "false",
"lang": "en-US",
"decimals": "-3",
"ancestors": [
"span",
"td",
"tr",
"table",
"div",
"us-gaap:ScheduleOfAcquiredFiniteLivedIntangibleAssetsByMajorClassTextBlock",
"ix:continuation",
"body",
"html"
],
"reportCount": 1,
"baseRef": "hsii-20250331.htm",
"first": true
},
"uniqueAnchor": {
"contextRef": "c-105",
"name": "us-gaap:FiniteLivedIntangibleAssetsNet",
"unitRef": "usd",
"xsiNil": "false",
"lang": "en-US",
"decimals": "-3",
"ancestors": [
"span",
"td",
"tr",
"table",
"div",
"us-gaap:ScheduleOfIndefiniteLivedIntangibleAssetsTableTextBlock",
"ix:continuation",
"body",
"html"
],
"reportCount": 1,
"baseRef": "hsii-20250331.htm",
"unique": true
}
},
"R61": {
"role": "http://heidrick.com/role/GoodwillandOtherIntangibleAssetsScheduleofAcquiredFiniteLivedIntangibleAssetsbyMajorClassDetails",
"longName": "9955545 - Disclosure - Goodwill and Other Intangible Assets - Schedule of Acquired Finite-Lived Intangible Assets by Major Class (Details)",
"shortName": "Goodwill and Other Intangible Assets - Schedule of Acquired Finite-Lived Intangible Assets by Major Class (Details)",
"isDefault": "false",
"groupType": "disclosure",
"subGroupType": "details",
"menuCat": "Details",
"order": "61",
"firstAnchor": {
"contextRef": "c-1",
"name": "us-gaap:AcquiredFiniteLivedIntangibleAssetsWeightedAverageUsefulLife",
"unitRef": null,
"xsiNil": "false",
"lang": "en-US",
"decimals": null,
"ancestors": [
"span",
"td",
"tr",
"table",
"div",
"us-gaap:ScheduleOfAcquiredFiniteLivedIntangibleAssetsByMajorClassTextBlock",
"ix:continuation",
"body",
"html"
],
"reportCount": 1,
"baseRef": "hsii-20250331.htm",
"first": true,
"unique": true
},
"uniqueAnchor": {
"contextRef": "c-1",
"name": "us-gaap:AcquiredFiniteLivedIntangibleAssetsWeightedAverageUsefulLife",
"unitRef": null,
"xsiNil": "false",
"lang": "en-US",
"decimals": null,
"ancestors": [
"span",
"td",
"tr",
"table",
"div",
"us-gaap:ScheduleOfAcquiredFiniteLivedIntangibleAssetsByMajorClassTextBlock",
"ix:continuation",
"body",
"html"
],
"reportCount": 1,
"baseRef": "hsii-20250331.htm",
"first": true,
"unique": true
}
},
"R62": {
"role": "http://heidrick.com/role/GoodwillandOtherIntangibleAssetsNarrativeDetails",
"longName": "9955546 - Disclosure - Goodwill and Other Intangible Assets - Narrative (Details)",
"shortName": "Goodwill and Other Intangible Assets - Narrative (Details)",
"isDefault": "false",
"groupType": "disclosure",
"subGroupType": "details",
"menuCat": "Details",
"order": "62",
"firstAnchor": {
"contextRef": "c-1",
"name": "us-gaap:AmortizationOfIntangibleAssets",
"unitRef": "usd",
"xsiNil": "false",
"lang": "en-US",
"decimals": "-3",
"ancestors": [
"span",
"td",
"tr",
"table",
"div",
"ix:continuation",
"ix:continuation",
"body",
"html"
],
"reportCount": 1,
"baseRef": "hsii-20250331.htm",
"first": true
},
"uniqueAnchor": null
},
"R63": {
"role": "http://heidrick.com/role/GoodwillandOtherIntangibleAssetsScheduleofFiniteLivedIntangibleAssetsFutureAmortizationExpenseDetail",
"longName": "9955547 - Disclosure - Goodwill and Other Intangible Assets - Schedule of Finite-Lived Intangible Assets, Future Amortization Expense (Detail)",
"shortName": "Goodwill and Other Intangible Assets - Schedule of Finite-Lived Intangible Assets, Future Amortization Expense (Detail)",
"isDefault": "false",
"groupType": "disclosure",
"subGroupType": "details",
"menuCat": "Details",
"order": "63",
"firstAnchor": {
"contextRef": "c-3",
"name": "us-gaap:FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear",
"unitRef": "usd",
"xsiNil": "false",
"lang": "en-US",
"decimals": "-3",
"ancestors": [
"span",
"td",
"tr",
"table",
"div",
"ix:continuation",
"ix:continuation",
"body",
"html"
],
"reportCount": 1,
"baseRef": "hsii-20250331.htm",
"first": true,
"unique": true
},
"uniqueAnchor": {
"contextRef": "c-3",
"name": "us-gaap:FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear",
"unitRef": "usd",
"xsiNil": "false",
"lang": "en-US",
"decimals": "-3",
"ancestors": [
"span",
"td",
"tr",
"table",
"div",
"ix:continuation",
"ix:continuation",
"body",
"html"
],
"reportCount": 1,
"baseRef": "hsii-20250331.htm",
"first": true,
"unique": true
}
},
"R64": {
"role": "http://heidrick.com/role/OtherCurrentandNoncurrentAssetsandLiabilitiesScheduleofOtherCurrentAssetsDetails",
"longName": "9955548 - Disclosure - Other Current and Non-current Assets and Liabilities - Schedule of Other Current Assets (Details)",
"shortName": "Other Current and Non-current Assets and Liabilities - Schedule of Other Current Assets (Details)",
"isDefault": "false",
"groupType": "disclosure",
"subGroupType": "details",
"menuCat": "Details",
"order": "64",
"firstAnchor": {
"contextRef": "c-3",
"name": "us-gaap:ContractWithCustomerAssetNetCurrent",
"unitRef": "usd",
"xsiNil": "false",
"lang": "en-US",
"decimals": "-3",
"ancestors": [
"span",
"td",
"tr",
"table",
"div",
"us-gaap:ScheduleOfOtherCurrentAssetsTableTextBlock",
"ix:continuation",
"ix:continuation",
"body",
"html"
],
"reportCount": 1,
"baseRef": "hsii-20250331.htm",
"first": true,
"unique": true
},
"uniqueAnchor": {
"contextRef": "c-3",
"name": "us-gaap:ContractWithCustomerAssetNetCurrent",
"unitRef": "usd",
"xsiNil": "false",
"lang": "en-US",
"decimals": "-3",
"ancestors": [
"span",
"td",
"tr",
"table",
"div",
"us-gaap:ScheduleOfOtherCurrentAssetsTableTextBlock",
"ix:continuation",
"ix:continuation",
"body",
"html"
],
"reportCount": 1,
"baseRef": "hsii-20250331.htm",
"first": true,
"unique": true
}
},
"R65": {
"role": "http://heidrick.com/role/OtherCurrentandNoncurrentAssetsandLiabilitiesScheduleofOtherCurrentLiabilitiesDetails",
"longName": "9955549 - Disclosure - Other Current and Non-current Assets and Liabilities - Schedule of Other Current Liabilities (Details)",
"shortName": "Other Current and Non-current Assets and Liabilities - Schedule of Other Current Liabilities (Details)",
"isDefault": "false",
"groupType": "disclosure",
"subGroupType": "details",
"menuCat": "Details",
"order": "65",
"firstAnchor": {
"contextRef": "c-3",
"name": "hsii:AcquisitionEarnoutAccrualsCurrent",
"unitRef": "usd",
"xsiNil": "false",
"lang": "en-US",
"decimals": "-3",
"ancestors": [
"span",
"td",
"tr",
"table",
"div",
"us-gaap:OtherCurrentLiabilitiesTableTextBlock",
"ix:continuation",
"ix:continuation",
"body",
"html"
],
"reportCount": 1,
"baseRef": "hsii-20250331.htm",
"first": true
},
"uniqueAnchor": {
"contextRef": "c-3",
"name": "us-gaap:OtherSundryLiabilitiesCurrent",
"unitRef": "usd",
"xsiNil": "false",
"lang": "en-US",
"decimals": "-3",
"ancestors": [
"span",
"td",
"tr",
"table",
"div",
"us-gaap:OtherCurrentLiabilitiesTableTextBlock",
"ix:continuation",
"ix:continuation",
"body",
"html"
],
"reportCount": 1,
"baseRef": "hsii-20250331.htm",
"unique": true
}
},
"R66": {
"role": "http://heidrick.com/role/OtherCurrentandNoncurrentAssetsandLiabilitiesScheduleofOtherNonCurrentLiabilitiesDetails",
"longName": "9955550 - Disclosure - Other Current and Non-current Assets and Liabilities - Schedule of Other Non-Current Liabilities (Details)",
"shortName": "Other Current and Non-current Assets and Liabilities - Schedule of Other Non-Current Liabilities (Details)",
"isDefault": "false",
"groupType": "disclosure",
"subGroupType": "details",
"menuCat": "Details",
"order": "66",
"firstAnchor": {
"contextRef": "c-3",
"name": "hsii:AcquisitionEarnoutAccrualsNonCurrent",
"unitRef": "usd",
"xsiNil": "false",
"lang": "en-US",
"decimals": "-3",
"ancestors": [
"span",
"td",
"tr",
"table",
"div",
"us-gaap:OtherNoncurrentLiabilitiesTableTextBlock",
"ix:continuation",
"ix:continuation",
"body",
"html"
],
"reportCount": 1,
"baseRef": "hsii-20250331.htm",
"first": true
},
"uniqueAnchor": {
"contextRef": "c-3",
"name": "us-gaap:OtherSundryLiabilitiesNoncurrent",
"unitRef": "usd",
"xsiNil": "false",
"lang": "en-US",
"decimals": "-3",
"ancestors": [
"span",
"td",
"tr",
"table",
"div",
"us-gaap:OtherNoncurrentLiabilitiesTableTextBlock",
"ix:continuation",
"ix:continuation",
"body",
"html"
],
"reportCount": 1,
"baseRef": "hsii-20250331.htm",
"unique": true
}
},
"R67": {
"role": "http://heidrick.com/role/LineofCreditDetails",
"longName": "9955551 - Disclosure - Line of Credit (Details)",
"shortName": "Line of Credit (Details)",
"isDefault": "false",
"groupType": "disclosure",
"subGroupType": "details",
"menuCat": "Details",
"order": "67",
"firstAnchor": {
"contextRef": "c-124",
"name": "us-gaap:LineOfCreditFacilityMaximumBorrowingCapacity",
"unitRef": "usd",
"xsiNil": "false",
"lang": "en-US",
"decimals": "-6",
"ancestors": [
"span",
"div",
"ix:continuation",
"body",
"html"
],
"reportCount": 1,
"baseRef": "hsii-20250331.htm",
"first": true,
"unique": true
},
"uniqueAnchor": {
"contextRef": "c-124",
"name": "us-gaap:LineOfCreditFacilityMaximumBorrowingCapacity",
"unitRef": "usd",
"xsiNil": "false",
"lang": "en-US",
"decimals": "-6",
"ancestors": [
"span",
"div",
"ix:continuation",
"body",
"html"
],
"reportCount": 1,
"baseRef": "hsii-20250331.htm",
"first": true,
"unique": true
}
},
"R68": {
"role": "http://heidrick.com/role/StockBasedCompensationandCommonStockNarrativeDetails",
"longName": "9955552 - Disclosure - Stock-Based Compensation and Common Stock - Narrative (Details)",
"shortName": "Stock-Based Compensation and Common Stock - Narrative (Details)",
"isDefault": "false",
"groupType": "disclosure",
"subGroupType": "details",
"menuCat": "Details",
"order": "68",
"firstAnchor": {
"contextRef": "c-130",
"name": "us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfAdditionalSharesAuthorized",
"unitRef": "shares",
"xsiNil": "false",
"lang": "en-US",
"decimals": "INF",
"ancestors": [
"span",
"div",
"ix:continuation",
"body",
"html"
],
"reportCount": 1,
"baseRef": "hsii-20250331.htm",
"first": true,
"unique": true
},
"uniqueAnchor": {
"contextRef": "c-130",
"name": "us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfAdditionalSharesAuthorized",
"unitRef": "shares",
"xsiNil": "false",
"lang": "en-US",
"decimals": "INF",
"ancestors": [
"span",
"div",
"ix:continuation",
"body",
"html"
],
"reportCount": 1,
"baseRef": "hsii-20250331.htm",
"first": true,
"unique": true
}
},
"R69": {
"role": "http://heidrick.com/role/StockBasedCompensationandCommonStockSummaryofInformationRelatedtoStockbasedCompensationDetails",
"longName": "9955553 - Disclosure - Stock-Based Compensation and Common Stock - Summary of Information Related to Stock-based Compensation (Details)",
"shortName": "Stock-Based Compensation and Common Stock - Summary of Information Related to Stock-based Compensation (Details)",
"isDefault": "false",
"groupType": "disclosure",
"subGroupType": "details",
"menuCat": "Details",
"order": "69",
"firstAnchor": {
"contextRef": "c-1",
"name": "us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCost1",
"unitRef": "usd",
"xsiNil": "false",
"lang": "en-US",
"decimals": "-3",
"ancestors": [
"span",
"td",
"tr",
"table",
"div",
"us-gaap:ScheduleOfEmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsTextBlock",
"ix:continuation",
"body",
"html"
],
"reportCount": 1,
"baseRef": "hsii-20250331.htm",
"first": true,
"unique": true
},
"uniqueAnchor": {
"contextRef": "c-1",
"name": "us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCost1",
"unitRef": "usd",
"xsiNil": "false",
"lang": "en-US",
"decimals": "-3",
"ancestors": [
"span",
"td",
"tr",
"table",
"div",
"us-gaap:ScheduleOfEmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsTextBlock",
"ix:continuation",
"body",
"html"
],
"reportCount": 1,
"baseRef": "hsii-20250331.htm",
"first": true,
"unique": true
}
},
"R70": {
"role": "http://heidrick.com/role/StockBasedCompensationandCommonStockScheduleofRestrictedStockUnitActivityDetails",
"longName": "9955554 - Disclosure - Stock-Based Compensation and Common Stock - Schedule of Restricted Stock Unit Activity (Details)",
"shortName": "Stock-Based Compensation and Common Stock - Schedule of Restricted Stock Unit Activity (Details)",
"isDefault": "false",
"groupType": "disclosure",
"subGroupType": "details",
"menuCat": "Details",
"order": "70",
"firstAnchor": {
"contextRef": "c-133",
"name": "us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber",
"unitRef": "shares",
"xsiNil": "false",
"lang": "en-US",
"decimals": "INF",
"ancestors": [
"span",
"td",
"tr",
"table",
"div",
"us-gaap:ScheduleOfShareBasedCompensationRestrictedStockUnitsAwardActivityTableTextBlock",
"ix:continuation",
"body",
"html"
],
"reportCount": 1,
"baseRef": "hsii-20250331.htm",
"first": true,
"unique": true
},
"uniqueAnchor": {
"contextRef": "c-133",
"name": "us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber",
"unitRef": "shares",
"xsiNil": "false",
"lang": "en-US",
"decimals": "INF",
"ancestors": [
"span",
"td",
"tr",
"table",
"div",
"us-gaap:ScheduleOfShareBasedCompensationRestrictedStockUnitsAwardActivityTableTextBlock",
"ix:continuation",
"body",
"html"
],
"reportCount": 1,
"baseRef": "hsii-20250331.htm",
"first": true,
"unique": true
}
},
"R71": {
"role": "http://heidrick.com/role/StockBasedCompensationandCommonStockScheduleofPerformanceStockUnitActivityDetails",
"longName": "9955555 - Disclosure - Stock-Based Compensation and Common Stock - Schedule of Performance Stock Unit Activity (Details)",
"shortName": "Stock-Based Compensation and Common Stock - Schedule of Performance Stock Unit Activity (Details)",
"isDefault": "false",
"groupType": "disclosure",
"subGroupType": "details",
"menuCat": "Details",
"order": "71",
"firstAnchor": {
"contextRef": "c-140",
"name": "us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber",
"unitRef": "shares",
"xsiNil": "false",
"lang": "en-US",
"decimals": "INF",
"ancestors": [
"span",
"td",
"tr",
"table",
"div",
"us-gaap:ScheduleOfNonvestedPerformanceBasedUnitsActivityTableTextBlock",
"ix:continuation",
"body",
"html"
],
"reportCount": 1,
"baseRef": "hsii-20250331.htm",
"first": true,
"unique": true
},
"uniqueAnchor": {
"contextRef": "c-140",
"name": "us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber",
"unitRef": "shares",
"xsiNil": "false",
"lang": "en-US",
"decimals": "INF",
"ancestors": [
"span",
"td",
"tr",
"table",
"div",
"us-gaap:ScheduleOfNonvestedPerformanceBasedUnitsActivityTableTextBlock",
"ix:continuation",
"body",
"html"
],
"reportCount": 1,
"baseRef": "hsii-20250331.htm",
"first": true,
"unique": true
}
},
"R72": {
"role": "http://heidrick.com/role/StockBasedCompensationandCommonStockScheduleofPhantomStockUnitActivityDetails",
"longName": "9955556 - Disclosure - Stock-Based Compensation and Common Stock - Schedule of Phantom Stock Unit Activity (Details)",
"shortName": "Stock-Based Compensation and Common Stock - Schedule of Phantom Stock Unit Activity (Details)",
"isDefault": "false",
"groupType": "disclosure",
"subGroupType": "details",
"menuCat": "Details",
"order": "72",
"firstAnchor": {
"contextRef": "c-144",
"name": "us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber",
"unitRef": "shares",
"xsiNil": "false",
"lang": "en-US",
"decimals": "INF",
"ancestors": [
"span",
"td",
"tr",
"table",
"div",
"hsii:ShareBasedCompensationPhantomSharesAwardOutstandingActivityTableTextBlock",
"ix:continuation",
"body",
"html"
],
"reportCount": 1,
"baseRef": "hsii-20250331.htm",
"first": true,
"unique": true
},
"uniqueAnchor": {
"contextRef": "c-144",
"name": "us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber",
"unitRef": "shares",
"xsiNil": "false",
"lang": "en-US",
"decimals": "INF",
"ancestors": [
"span",
"td",
"tr",
"table",
"div",
"hsii:ShareBasedCompensationPhantomSharesAwardOutstandingActivityTableTextBlock",
"ix:continuation",
"body",
"html"
],
"reportCount": 1,
"baseRef": "hsii-20250331.htm",
"first": true,
"unique": true
}
},
"R73": {
"role": "http://heidrick.com/role/RestructuringNarrativeDetails",
"longName": "9955557 - Disclosure - Restructuring - Narrative (Details)",
"shortName": "Restructuring - Narrative (Details)",
"isDefault": "false",
"groupType": "disclosure",
"subGroupType": "details",
"menuCat": "Details",
"order": "73",
"firstAnchor": {
"contextRef": "c-1",
"name": "us-gaap:RestructuringCharges",
"unitRef": "usd",
"xsiNil": "false",
"lang": "en-US",
"decimals": "INF",
"ancestors": [
"span",
"div",
"ix:continuation",
"body",
"html"
],
"reportCount": 1,
"baseRef": "hsii-20250331.htm",
"first": true,
"unique": true
},
"uniqueAnchor": {
"contextRef": "c-1",
"name": "us-gaap:RestructuringCharges",
"unitRef": "usd",
"xsiNil": "false",
"lang": "en-US",
"decimals": "INF",
"ancestors": [
"span",
"div",
"ix:continuation",
"body",
"html"
],
"reportCount": 1,
"baseRef": "hsii-20250331.htm",
"first": true,
"unique": true
}
},
"R74": {
"role": "http://heidrick.com/role/RestructuringScheduleofRestructuringChargesReportableSegmentDetails",
"longName": "9955558 - Disclosure - Restructuring - Schedule of Restructuring Charges Reportable Segment (Details)",
"shortName": "Restructuring - Schedule of Restructuring Charges Reportable Segment (Details)",
"isDefault": "false",
"groupType": "disclosure",
"subGroupType": "details",
"menuCat": "Details",
"order": "74",
"firstAnchor": {
"contextRef": "c-156",
"name": "us-gaap:RestructuringAndRelatedCostCostIncurredToDate1",
"unitRef": "usd",
"xsiNil": "false",
"lang": "en-US",
"decimals": "-3",
"ancestors": [
"span",
"td",
"tr",
"table",
"div",
"us-gaap:ScheduleOfRestructuringAndRelatedCostsTextBlock",
"ix:continuation",
"body",
"html"
],
"reportCount": 1,
"baseRef": "hsii-20250331.htm",
"first": true,
"unique": true
},
"uniqueAnchor": {
"contextRef": "c-156",
"name": "us-gaap:RestructuringAndRelatedCostCostIncurredToDate1",
"unitRef": "usd",
"xsiNil": "false",
"lang": "en-US",
"decimals": "-3",
"ancestors": [
"span",
"td",
"tr",
"table",
"div",
"us-gaap:ScheduleOfRestructuringAndRelatedCostsTextBlock",
"ix:continuation",
"body",
"html"
],
"reportCount": 1,
"baseRef": "hsii-20250331.htm",
"first": true,
"unique": true
}
},
"R75": {
"role": "http://heidrick.com/role/RestructuringScheduleofRestructuringAccrualDetails",
"longName": "9955559 - Disclosure - Restructuring - Schedule of Restructuring Accrual (Details)",
"shortName": "Restructuring - Schedule of Restructuring Accrual (Details)",
"isDefault": "false",
"groupType": "disclosure",
"subGroupType": "details",
"menuCat": "Details",
"order": "75",
"firstAnchor": {
"contextRef": "c-1",
"name": "us-gaap:PaymentsForRestructuring",
"unitRef": "usd",
"xsiNil": "false",
"lang": "en-US",
"decimals": "-3",
"ancestors": [
"span",
"td",
"tr",
"table",
"div",
"us-gaap:ScheduleOfRestructuringReserveByTypeOfCostTextBlock",
"ix:continuation",
"body",
"html"
],
"reportCount": 1,
"baseRef": "hsii-20250331.htm",
"first": true,
"unique": true
},
"uniqueAnchor": {
"contextRef": "c-1",
"name": "us-gaap:PaymentsForRestructuring",
"unitRef": "usd",
"xsiNil": "false",
"lang": "en-US",
"decimals": "-3",
"ancestors": [
"span",
"td",
"tr",
"table",
"div",
"us-gaap:ScheduleOfRestructuringReserveByTypeOfCostTextBlock",
"ix:continuation",
"body",
"html"
],
"reportCount": 1,
"baseRef": "hsii-20250331.htm",
"first": true,
"unique": true
}
},
"R76": {
"role": "http://heidrick.com/role/IncomeTaxesDetails",
"longName": "9955560 - Disclosure - Income Taxes (Details)",
"shortName": "Income Taxes (Details)",
"isDefault": "false",
"groupType": "disclosure",
"subGroupType": "details",
"menuCat": "Details",
"order": "76",
"firstAnchor": {
"contextRef": "c-1",
"name": "us-gaap:IncomeLossAttributableToParent",
"unitRef": "usd",
"xsiNil": "false",
"lang": "en-US",
"decimals": "-3",
"ancestors": [
"span",
"td",
"tr",
"table",
"div",
"body",
"html"
],
"reportCount": 1,
"baseRef": "hsii-20250331.htm",
"first": true
},
"uniqueAnchor": {
"contextRef": "c-1",
"name": "us-gaap:EffectiveIncomeTaxRateContinuingOperations",
"unitRef": "number",
"xsiNil": "false",
"lang": "en-US",
"decimals": "3",
"ancestors": [
"span",
"div",
"ix:continuation",
"body",
"html"
],
"reportCount": 1,
"baseRef": "hsii-20250331.htm",
"unique": true
}
},
"R77": {
"role": "http://heidrick.com/role/ChangesinAccumulatedOtherComprehensiveIncomeLossDetails",
"longName": "9955561 - Disclosure - Changes in Accumulated Other Comprehensive Income (Loss) (Details)",
"shortName": "Changes in Accumulated Other Comprehensive Income (Loss) (Details)",
"isDefault": "false",
"groupType": "disclosure",
"subGroupType": "details",
"menuCat": "Details",
"order": "77",
"firstAnchor": {
"contextRef": "c-4",
"name": "us-gaap:StockholdersEquity",
"unitRef": "usd",
"xsiNil": "false",
"lang": "en-US",
"decimals": "-3",
"ancestors": [
"span",
"td",
"tr",
"table",
"div",
"body",
"html"
],
"reportCount": 1,
"baseRef": "hsii-20250331.htm",
"first": true
},
"uniqueAnchor": {
"contextRef": "c-1",
"name": "us-gaap:ReclassificationFromAociCurrentPeriodNetOfTaxAttributableToParent",
"unitRef": "usd",
"xsiNil": "false",
"lang": "en-US",
"decimals": "-3",
"ancestors": [
"span",
"td",
"tr",
"table",
"div",
"ix:continuation",
"us-gaap:ScheduleOfAccumulatedOtherComprehensiveIncomeLossTableTextBlock",
"body",
"html"
],
"reportCount": 1,
"baseRef": "hsii-20250331.htm",
"unique": true
}
},
"R78": {
"role": "http://heidrick.com/role/SegmentInformationNarrativeDetails",
"longName": "9955562 - Disclosure - Segment Information - Narrative (Details)",
"shortName": "Segment Information - Narrative (Details)",
"isDefault": "false",
"groupType": "disclosure",
"subGroupType": "details",
"menuCat": "Details",
"order": "78",
"firstAnchor": {
"contextRef": "c-1",
"name": "us-gaap:NumberOfOperatingSegments",
"unitRef": "operatingsegment",
"xsiNil": "false",
"lang": "en-US",
"decimals": "INF",
"ancestors": [
"span",
"div",
"ix:continuation",
"body",
"html"
],
"reportCount": 1,
"baseRef": "hsii-20250331.htm",
"first": true,
"unique": true
},
"uniqueAnchor": {
"contextRef": "c-1",
"name": "us-gaap:NumberOfOperatingSegments",
"unitRef": "operatingsegment",
"xsiNil": "false",
"lang": "en-US",
"decimals": "INF",
"ancestors": [
"span",
"div",
"ix:continuation",
"body",
"html"
],
"reportCount": 1,
"baseRef": "hsii-20250331.htm",
"first": true,
"unique": true
}
},
"R79": {
"role": "http://heidrick.com/role/SegmentInformationAdjustedEBITDADetails",
"longName": "9955563 - Disclosure - Segment Information - Adjusted EBITDA (Details)",
"shortName": "Segment Information - Adjusted EBITDA (Details)",
"isDefault": "false",
"groupType": "disclosure",
"subGroupType": "details",
"menuCat": "Details",
"order": "79",
"firstAnchor": {
"contextRef": "c-1",
"name": "us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax",
"unitRef": "usd",
"xsiNil": "false",
"lang": "en-US",
"decimals": "-3",
"ancestors": [
"span",
"td",
"tr",
"table",
"div",
"ix:continuation",
"ix:continuation",
"body",
"html"
],
"reportCount": 1,
"baseRef": "hsii-20250331.htm",
"first": true
},
"uniqueAnchor": {
"contextRef": "c-1",
"name": "hsii:EarnoutFairValueAdjustments",
"unitRef": "usd",
"xsiNil": "false",
"lang": "en-US",
"decimals": "-3",
"ancestors": [
"span",
"td",
"tr",
"table",
"div",
"ix:continuation",
"ix:continuation",
"body",
"html"
],
"reportCount": 1,
"baseRef": "hsii-20250331.htm",
"unique": true
}
},
"R80": {
"role": "http://heidrick.com/role/SegmentInformationReconciliationofAdjustedEBITDAfromSegmentstoConsolidatedDetails",
"longName": "9955564 - Disclosure - Segment Information - Reconciliation of Adjusted EBITDA from Segments to Consolidated (Details)",
"shortName": "Segment Information - Reconciliation of Adjusted EBITDA from Segments to Consolidated (Details)",
"isDefault": "false",
"groupType": "disclosure",
"subGroupType": "details",
"menuCat": "Details",
"order": "80",
"firstAnchor": {
"contextRef": "c-1",
"name": "us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax",
"unitRef": "usd",
"xsiNil": "false",
"lang": "en-US",
"decimals": "-3",
"ancestors": [
"span",
"td",
"tr",
"table",
"div",
"ix:continuation",
"ix:continuation",
"body",
"html"
],
"reportCount": 1,
"baseRef": "hsii-20250331.htm",
"first": true
},
"uniqueAnchor": {
"contextRef": "c-1",
"name": "hsii:LaborAndRelatedExpenseAdjusted",
"unitRef": "usd",
"xsiNil": "false",
"lang": "en-US",
"decimals": "-3",
"ancestors": [
"span",
"td",
"tr",
"table",
"div",
"ix:continuation",
"us-gaap:ReconciliationOfOtherSignificantReconcilingItemsFromSegmentsToConsolidatedTextBlock",
"body",
"html"
],
"reportCount": 1,
"baseRef": "hsii-20250331.htm",
"unique": true
}
},
"R81": {
"role": "http://heidrick.com/role/SegmentInformationScheduleofSegmentReportingInformationbySegmentDetail",
"longName": "9955565 - Disclosure - Segment Information - Schedule of Segment Reporting Information, by Segment (Detail)",
"shortName": "Segment Information - Schedule of Segment Reporting Information, by Segment (Detail)",
"isDefault": "false",
"groupType": "disclosure",
"subGroupType": "details",
"menuCat": "Details",
"order": "81",
"firstAnchor": {
"contextRef": "c-1",
"name": "us-gaap:DepreciationDepletionAndAmortization",
"unitRef": "usd",
"xsiNil": "false",
"lang": "en-US",
"decimals": "-3",
"ancestors": [
"span",
"td",
"tr",
"table",
"div",
"ix:continuation",
"ix:continuation",
"body",
"html"
],
"reportCount": 1,
"baseRef": "hsii-20250331.htm",
"first": true
},
"uniqueAnchor": {
"contextRef": "c-1",
"name": "us-gaap:SegmentExpenditureAdditionToLongLivedAssets",
"unitRef": "usd",
"xsiNil": "false",
"lang": "en-US",
"decimals": "-3",
"ancestors": [
"span",
"td",
"tr",
"table",
"div",
"ix:continuation",
"ix:continuation",
"body",
"html"
],
"reportCount": 1,
"baseRef": "hsii-20250331.htm",
"unique": true
}
},
"R82": {
"role": "http://heidrick.com/role/GuaranteesDetails",
"longName": "9955566 - Disclosure - Guarantees (Details)",
"shortName": "Guarantees (Details)",
"isDefault": "false",
"groupType": "disclosure",
"subGroupType": "details",
"menuCat": "Details",
"order": "82",
"firstAnchor": {
"contextRef": "c-3",
"name": "us-gaap:GuaranteeObligationsMaximumExposure",
"unitRef": "usd",
"xsiNil": "false",
"lang": "en-US",
"decimals": "-5",
"ancestors": [
"span",
"div",
"ix:continuation",
"body",
"html"
],
"reportCount": 1,
"baseRef": "hsii-20250331.htm",
"first": true,
"unique": true
},
"uniqueAnchor": {
"contextRef": "c-3",
"name": "us-gaap:GuaranteeObligationsMaximumExposure",
"unitRef": "usd",
"xsiNil": "false",
"lang": "en-US",
"decimals": "-5",
"ancestors": [
"span",
"div",
"ix:continuation",
"body",
"html"
],
"reportCount": 1,
"baseRef": "hsii-20250331.htm",
"first": true,
"unique": true
}
}
},
"tag": {
"hsii_A2024PlanMember": {
"xbrltype": "domainItemType",
"nsuri": "http://heidrick.com/20250331",
"localname": "A2024PlanMember",
"presentation": [
"http://heidrick.com/role/RestructuringScheduleofRestructuringChargesReportableSegmentDetails"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "2024 Plan",
"label": "2024 Plan [Member]",
"documentation": "2024 Plan"
}
}
},
"auth_ref": []
},
"us-gaap_AOCIAttributableToParentNetOfTaxRollForward": {
"xbrltype": "stringItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "AOCIAttributableToParentNetOfTaxRollForward",
"presentation": [
"http://heidrick.com/role/ChangesinAccumulatedOtherComprehensiveIncomeLossDetails"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "AOCI Attributable to Parent, Net of Tax [Roll Forward]",
"label": "AOCI Attributable to Parent, Net of Tax [Roll Forward]",
"documentation": "A roll forward is a reconciliation of a concept from the beginning of a period to the end of a period."
}
}
},
"auth_ref": []
},
"us-gaap_AccountingPoliciesAbstract": {
"xbrltype": "stringItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "AccountingPoliciesAbstract",
"lang": {
"en-us": {
"role": {
"label": "Accounting Policies [Abstract]"
}
}
},
"auth_ref": []
},
"us-gaap_AccountsPayableCurrent": {
"xbrltype": "monetaryItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "AccountsPayableCurrent",
"crdr": "credit",
"calculation": {
"http://heidrick.com/role/CONDENSEDCONSOLIDATEDBALANCESHEETS": {
"parentTag": "us-gaap_LiabilitiesCurrent",
"weight": 1.0,
"order": 5.0
}
},
"presentation": [
"http://heidrick.com/role/CONDENSEDCONSOLIDATEDBALANCESHEETS"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Accounts payable",
"label": "Accounts Payable, Current",
"documentation": "Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer)."
}
}
},
"auth_ref": [
"r53",
"r887"
]
},
"hsii_AccountsReceivableAllowanceForCreditLossForeignCurrencyTranslation": {
"xbrltype": "monetaryItemType",
"nsuri": "http://heidrick.com/20250331",
"localname": "AccountsReceivableAllowanceForCreditLossForeignCurrencyTranslation",
"crdr": "credit",
"presentation": [
"http://heidrick.com/role/CreditLossesScheduleofAccountsReceivableAllowanceforCreditLossDetails"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Foreign currency translation",
"label": "Accounts Receivable, Allowance for Credit Loss, Foreign Currency Translation",
"documentation": "Accounts Receivable, Allowance for Credit Loss, Foreign Currency Translation"
}
}
},
"auth_ref": []
},
"us-gaap_AccountsReceivableAllowanceForCreditLossTableTextBlock": {
"xbrltype": "textBlockItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "AccountsReceivableAllowanceForCreditLossTableTextBlock",
"presentation": [
"http://heidrick.com/role/CreditLossesTables"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Schedule of Accounts Receivable, Allowance for Credit Loss",
"label": "Accounts Receivable, Allowance for Credit Loss [Table Text Block]",
"documentation": "Tabular disclosure of allowance for credit loss on accounts receivable."
}
}
},
"auth_ref": [
"r1047"
]
},
"us-gaap_AccountsReceivableNetCurrent": {
"xbrltype": "monetaryItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "AccountsReceivableNetCurrent",
"crdr": "debit",
"calculation": {
"http://heidrick.com/role/CONDENSEDCONSOLIDATEDBALANCESHEETS": {
"parentTag": "us-gaap_AssetsCurrent",
"weight": 1.0,
"order": 2.0
}
},
"presentation": [
"http://heidrick.com/role/CONDENSEDCONSOLIDATEDBALANCESHEETS"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Accounts receivable, net of allowances of $8,433 and $7,296, respectively",
"label": "Accounts Receivable, after Allowance for Credit Loss, Current",
"documentation": "Amount, after allowance for credit loss, of right to consideration from customer for product sold and service rendered in normal course of business, classified as current."
}
}
},
"auth_ref": [
"r1041"
]
},
"us-gaap_AccretionExpense": {
"xbrltype": "monetaryItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "AccretionExpense",
"crdr": "debit",
"calculation": {
"http://heidrick.com/role/SegmentInformationAdjustedEBITDADetails": {
"parentTag": "hsii_EarningsBeforeInterestTaxesDepreciationAndAmortizationAdjustments",
"weight": 1.0,
"order": 1.0
},
"http://heidrick.com/role/CONDENSEDCONSOLIDATEDSTATEMENTSOFCASHFLOWS": {
"parentTag": "us-gaap_NetCashProvidedByUsedInOperatingActivities",
"weight": 1.0,
"order": 13.0
}
},
"presentation": [
"http://heidrick.com/role/CONDENSEDCONSOLIDATEDSTATEMENTSOFCASHFLOWS",
"http://heidrick.com/role/SegmentInformationAdjustedEBITDADetails"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Accretion expense related to earnout payments",
"verboseLabel": "Earnout accretion",
"label": "Accretion Expense",
"documentation": "Amount recognized for the passage of time, typically for liabilities, that have been discounted to their net present values. Excludes accretion associated with asset retirement obligations."
}
}
},
"auth_ref": [
"r857",
"r1081"
]
},
"us-gaap_AccruedIncomeTaxesCurrent": {
"xbrltype": "monetaryItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "AccruedIncomeTaxesCurrent",
"crdr": "credit",
"calculation": {
"http://heidrick.com/role/CONDENSEDCONSOLIDATEDBALANCESHEETS": {
"parentTag": "us-gaap_LiabilitiesCurrent",
"weight": 1.0,
"order": 3.0
}
},
"presentation": [
"http://heidrick.com/role/CONDENSEDCONSOLIDATEDBALANCESHEETS"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Income taxes payable",
"label": "Accrued Income Taxes, Current",
"documentation": "Carrying amount as of the balance sheet date of the unpaid sum of the known and estimated amounts payable to satisfy all currently due domestic and foreign income tax obligations."
}
}
},
"auth_ref": [
"r56",
"r108"
]
},
"hsii_AccruedSalariesAndBenefits": {
"xbrltype": "monetaryItemType",
"nsuri": "http://heidrick.com/20250331",
"localname": "AccruedSalariesAndBenefits",
"crdr": "credit",
"calculation": {
"http://heidrick.com/role/CONDENSEDCONSOLIDATEDBALANCESHEETS": {
"parentTag": "us-gaap_LiabilitiesNoncurrent",
"weight": 1.0,
"order": 5.0
}
},
"presentation": [
"http://heidrick.com/role/CONDENSEDCONSOLIDATEDBALANCESHEETS"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Accrued salaries and benefits",
"label": "Accrued Salaries and Benefits",
"documentation": "Accrued Salaries and Benefits"
}
}
},
"auth_ref": []
},
"us-gaap_AccumulatedDefinedBenefitPlansAdjustmentMember": {
"xbrltype": "domainItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "AccumulatedDefinedBenefitPlansAdjustmentMember",
"presentation": [
"http://heidrick.com/role/ChangesinAccumulatedOtherComprehensiveIncomeLossDetails"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Pension",
"label": "Accumulated Defined Benefit Plans Adjustment Attributable to Parent [Member]",
"documentation": "Accumulated other comprehensive (income) loss related to defined benefit plans attributable to the parent."
}
}
},
"auth_ref": [
"r3",
"r4",
"r9",
"r15",
"r73",
"r1016",
"r1017",
"r1018"
]
},
"us-gaap_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment": {
"xbrltype": "monetaryItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment",
"crdr": "credit",
"calculation": {
"http://heidrick.com/role/PropertyandEquipmentnetScheduleofPropertyandEquipmentDetails": {
"parentTag": "us-gaap_PropertyPlantAndEquipmentNet",
"weight": -1.0,
"order": 1.0
}
},
"presentation": [
"http://heidrick.com/role/PropertyandEquipmentnetScheduleofPropertyandEquipmentDetails"
],
"lang": {
"en-us": {
"role": {
"negatedTerseLabel": "Accumulated depreciation",
"label": "Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment",
"documentation": "Amount of accumulated depreciation, depletion and amortization for physical assets used in the normal conduct of business to produce goods and services."
}
}
},
"auth_ref": [
"r29",
"r166",
"r722"
]
},
"us-gaap_AccumulatedNetUnrealizedInvestmentGainLossMember": {
"xbrltype": "domainItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "AccumulatedNetUnrealizedInvestmentGainLossMember",
"presentation": [
"http://heidrick.com/role/ChangesinAccumulatedOtherComprehensiveIncomeLossDetails"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Available- for- Sale Securities",
"label": "AOCI, Accumulated Gain (Loss), Debt Securities, Available-for-Sale, Parent [Member]",
"documentation": "Accumulated unrealized gain (loss) on investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale), attributable to parent."
}
}
},
"auth_ref": [
"r176",
"r177",
"r178",
"r179",
"r186",
"r187",
"r1016"
]
},
"us-gaap_AccumulatedOtherComprehensiveIncomeLossLineItems": {
"xbrltype": "stringItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "AccumulatedOtherComprehensiveIncomeLossLineItems",
"presentation": [
"http://heidrick.com/role/ChangesinAccumulatedOtherComprehensiveIncomeLossDetails"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Accumulated Other Comprehensive Income (Loss) [Line Items]",
"label": "Accumulated Other Comprehensive Income (Loss) [Line Items]",
"documentation": "Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table."
}
}
},
"auth_ref": [
"r185",
"r186",
"r614",
"r615",
"r616",
"r617",
"r618",
"r619"
]
},
"us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax": {
"xbrltype": "monetaryItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "AccumulatedOtherComprehensiveIncomeLossNetOfTax",
"crdr": "credit",
"calculation": {
"http://heidrick.com/role/CONDENSEDCONSOLIDATEDBALANCESHEETS": {
"parentTag": "us-gaap_StockholdersEquity",
"weight": 1.0,
"order": 5.0
}
},
"presentation": [
"http://heidrick.com/role/CONDENSEDCONSOLIDATEDBALANCESHEETS"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Accumulated other comprehensive loss",
"label": "Accumulated Other Comprehensive Income (Loss), Net of Tax",
"documentation": "Amount, after tax, of accumulated increase (decrease) in equity from transaction and other event and circumstance from nonowner source."
}
}
},
"auth_ref": [
"r14",
"r15",
"r74",
"r171",
"r719",
"r748",
"r749"
]
},
"us-gaap_AccumulatedOtherComprehensiveIncomeLossTable": {
"xbrltype": "stringItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "AccumulatedOtherComprehensiveIncomeLossTable",
"presentation": [
"http://heidrick.com/role/ChangesinAccumulatedOtherComprehensiveIncomeLossDetails"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Accumulated Other Comprehensive Income (Loss) [Table]",
"label": "Accumulated Other Comprehensive Income (Loss) [Table]",
"documentation": "Disclosure of information about components of accumulated other comprehensive income (loss)."
}
}
},
"auth_ref": [
"r185",
"r186",
"r614",
"r615",
"r616",
"r617",
"r618",
"r619"
]
},
"us-gaap_AccumulatedOtherComprehensiveIncomeMember": {
"xbrltype": "domainItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "AccumulatedOtherComprehensiveIncomeMember",
"presentation": [
"http://heidrick.com/role/CONDENSEDCONSOLIDATEDSTATEMENTSOFCHANGESINSTOCKHOLDERSEQUITY",
"http://heidrick.com/role/ChangesinAccumulatedOtherComprehensiveIncomeLossDetails"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Accumulated Other Comprehensive Income (Loss)",
"verboseLabel": "AOCI",
"label": "AOCI Attributable to Parent [Member]",
"documentation": "Accumulated increase (decrease) in equity from transactions and other events and circumstances from non-owner sources, attributable to the parent. Excludes net income (loss), and accumulated changes in equity from transactions resulting from investments by owners and distributions to owners."
}
}
},
"auth_ref": [
"r1",
"r9",
"r15",
"r581",
"r584",
"r639",
"r744",
"r745",
"r1016",
"r1017",
"r1018",
"r1027",
"r1028",
"r1029",
"r1030"
]
},
"us-gaap_AccumulatedTranslationAdjustmentMember": {
"xbrltype": "domainItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "AccumulatedTranslationAdjustmentMember",
"presentation": [
"http://heidrick.com/role/ChangesinAccumulatedOtherComprehensiveIncomeLossDetails"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Foreign Currency Translation",
"label": "Accumulated Foreign Currency Adjustment Attributable to Parent [Member]",
"documentation": "Accumulated other comprehensive income (loss) resulting from foreign currency translation adjustments, foreign currency transactions designated and effective as economic hedges of a net investment in a foreign entity and intra-entity foreign currency transactions that are of a long-term-investment nature, attributable to the parent."
}
}
},
"auth_ref": [
"r2",
"r9",
"r15",
"r71",
"r72",
"r186",
"r187",
"r615",
"r616",
"r617",
"r618",
"r619",
"r1016"
]
},
"us-gaap_AcquiredFiniteLivedIntangibleAssetsWeightedAverageUsefulLife": {
"xbrltype": "durationItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "AcquiredFiniteLivedIntangibleAssetsWeightedAverageUsefulLife",
"presentation": [
"http://heidrick.com/role/GoodwillandOtherIntangibleAssetsScheduleofAcquiredFiniteLivedIntangibleAssetsbyMajorClassDetails"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Weighted Average Life (Years)",
"label": "Acquired Finite-Lived Intangible Assets, Weighted Average Useful Life",
"documentation": "Weighted average amortization period of finite-lived intangible assets acquired either individually or as part of a group of assets, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days."
}
}
},
"auth_ref": [
"r334",
"r835"
]
},
"hsii_AcquisitionEarnoutAccrualsCurrent": {
"xbrltype": "monetaryItemType",
"nsuri": "http://heidrick.com/20250331",
"localname": "AcquisitionEarnoutAccrualsCurrent",
"crdr": "credit",
"calculation": {
"http://heidrick.com/role/OtherCurrentandNoncurrentAssetsandLiabilitiesScheduleofOtherCurrentLiabilitiesDetails": {
"parentTag": "us-gaap_OtherLiabilitiesCurrent",
"weight": 1.0,
"order": 2.0
}
},
"presentation": [
"http://heidrick.com/role/FinancialInstrumentsandFairValueNarrativeDetails",
"http://heidrick.com/role/OtherCurrentandNoncurrentAssetsandLiabilitiesScheduleofOtherCurrentLiabilitiesDetails"
],
"lang": {
"en-us": {
"role": {
"verboseLabel": "Acquisition earnout accruals, current",
"terseLabel": "Earnout liability",
"label": "Acquisition Earnout Accruals, Current",
"documentation": "Acquisition Earnout Accruals, Current"
}
}
},
"auth_ref": []
},
"hsii_AcquisitionEarnoutAccrualsNonCurrent": {
"xbrltype": "monetaryItemType",
"nsuri": "http://heidrick.com/20250331",
"localname": "AcquisitionEarnoutAccrualsNonCurrent",
"crdr": "credit",
"calculation": {
"http://heidrick.com/role/OtherCurrentandNoncurrentAssetsandLiabilitiesScheduleofOtherNonCurrentLiabilitiesDetails": {
"parentTag": "us-gaap_OtherLiabilitiesNoncurrent",
"weight": 1.0,
"order": 1.0
}
},
"presentation": [
"http://heidrick.com/role/FinancialInstrumentsandFairValueNarrativeDetails",
"http://heidrick.com/role/OtherCurrentandNoncurrentAssetsandLiabilitiesScheduleofOtherNonCurrentLiabilitiesDetails"
],
"lang": {
"en-us": {
"role": {
"verboseLabel": "Acquisition earnout accruals, non-current",
"terseLabel": "Earnout liability",
"label": "Acquisition Earnout Accruals, Non-Current",
"documentation": "Acquisition Earnout Accruals, Non-Current"
}
}
},
"auth_ref": []
},
"hsii_AcqusitionEarnoutAccrualsMember": {
"xbrltype": "domainItemType",
"nsuri": "http://heidrick.com/20250331",
"localname": "AcqusitionEarnoutAccrualsMember",
"presentation": [
"http://heidrick.com/role/FinancialInstrumentsandFairValueNarrativeDetails",
"http://heidrick.com/role/FinancialInstrumentsandFairValueScheduleofReconciliationofLevel3AssetsandLiabilitiesDetails"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Earnout",
"label": "Acqusition Earnout Accruals [Member]",
"documentation": "Acqusition Earnout Accruals"
}
}
},
"auth_ref": []
},
"ecd_Additional402vDisclosureTextBlock": {
"xbrltype": "textBlockItemType",
"nsuri": "http://xbrl.sec.gov/ecd/2024",
"localname": "Additional402vDisclosureTextBlock",
"presentation": [
"http://xbrl.sec.gov/ecd/role/PvpDisclosure"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Additional 402(v) Disclosure",
"label": "Additional 402(v) Disclosure [Text Block]"
}
}
},
"auth_ref": [
"r946"
]
},
"us-gaap_AdditionalPaidInCapitalCommonStock": {
"xbrltype": "monetaryItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "AdditionalPaidInCapitalCommonStock",
"crdr": "credit",
"calculation": {
"http://heidrick.com/role/CONDENSEDCONSOLIDATEDBALANCESHEETS": {
"parentTag": "us-gaap_StockholdersEquity",
"weight": 1.0,
"order": 4.0
}
},
"presentation": [
"http://heidrick.com/role/CONDENSEDCONSOLIDATEDBALANCESHEETS"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Additional paid in capital",
"label": "Additional Paid in Capital, Common Stock",
"documentation": "Value received from shareholders in common stock-related transactions that are in excess of par value or stated value and amounts received from other stock-related transactions. Includes only common stock transactions (excludes preferred stock transactions). May be called contributed capital, capital in excess of par, capital surplus, or paid-in capital."
}
}
},
"auth_ref": [
"r65"
]
},
"us-gaap_AdditionalPaidInCapitalMember": {
"xbrltype": "domainItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "AdditionalPaidInCapitalMember",
"presentation": [
"http://heidrick.com/role/CONDENSEDCONSOLIDATEDSTATEMENTSOFCHANGESINSTOCKHOLDERSEQUITY"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Additional Paid in Capital",
"label": "Additional Paid-in Capital [Member]",
"documentation": "Excess of issue price over par or stated value of the entity's capital stock and amounts received from other transactions involving the entity's stock or stockholders."
}
}
},
"auth_ref": [
"r756",
"r1027",
"r1028",
"r1029",
"r1030",
"r1095",
"r1160"
]
},
"ecd_AdjToCompAmt": {
"xbrltype": "monetaryItemType",
"nsuri": "http://xbrl.sec.gov/ecd/2024",
"localname": "AdjToCompAmt",
"presentation": [
"http://xbrl.sec.gov/ecd/role/PvpDisclosure"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Adjustment to Compensation, Amount",
"label": "Adjustment to Compensation Amount"
}
}
},
"auth_ref": [
"r959"
]
},
"ecd_AdjToCompAxis": {
"xbrltype": "stringItemType",
"nsuri": "http://xbrl.sec.gov/ecd/2024",
"localname": "AdjToCompAxis",
"presentation": [
"http://xbrl.sec.gov/ecd/role/PvpDisclosure"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Adjustment to Compensation:",
"label": "Adjustment to Compensation [Axis]"
}
}
},
"auth_ref": [
"r959"
]
},
"ecd_AdjToNonPeoNeoCompFnTextBlock": {
"xbrltype": "textBlockItemType",
"nsuri": "http://xbrl.sec.gov/ecd/2024",
"localname": "AdjToNonPeoNeoCompFnTextBlock",
"presentation": [
"http://xbrl.sec.gov/ecd/role/PvpDisclosure"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Adjustment to Non-PEO NEO Compensation Footnote",
"label": "Adjustment to Non-PEO NEO Compensation Footnote [Text Block]"
}
}
},
"auth_ref": [
"r959"
]
},
"ecd_AdjToPeoCompFnTextBlock": {
"xbrltype": "textBlockItemType",
"nsuri": "http://xbrl.sec.gov/ecd/2024",
"localname": "AdjToPeoCompFnTextBlock",
"presentation": [
"http://xbrl.sec.gov/ecd/role/PvpDisclosure"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Adjustment To PEO Compensation, Footnote",
"label": "Adjustment To PEO Compensation, Footnote [Text Block]"
}
}
},
"auth_ref": [
"r959"
]
},
"hsii_AdjustedEarningsBeforeInterestTaxesDepreciationAndAmortization": {
"xbrltype": "monetaryItemType",
"nsuri": "http://heidrick.com/20250331",
"localname": "AdjustedEarningsBeforeInterestTaxesDepreciationAndAmortization",
"crdr": "credit",
"calculation": {
"http://heidrick.com/role/SegmentInformationAdjustedEBITDADetails": {
"parentTag": "us-gaap_OperatingIncomeLoss",
"weight": 1.0,
"order": 2.0
}
},
"presentation": [
"http://heidrick.com/role/SegmentInformationAdjustedEBITDADetails",
"http://heidrick.com/role/SegmentInformationReconciliationofAdjustedEBITDAfromSegmentstoConsolidatedDetails"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Adjusted EBITDA",
"label": "Adjusted Earnings Before Interest, Taxes, Depreciation and Amortization",
"documentation": "Adjusted Earnings Before Interest, Taxes, Depreciation and Amortization"
}
}
},
"auth_ref": []
},
"hsii_AdjustedEarningsBeforeInterestTaxesDepreciationAndAmortizationMarginPercentage": {
"xbrltype": "percentItemType",
"nsuri": "http://heidrick.com/20250331",
"localname": "AdjustedEarningsBeforeInterestTaxesDepreciationAndAmortizationMarginPercentage",
"presentation": [
"http://heidrick.com/role/SegmentInformationAdjustedEBITDADetails"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Adjusted EBITDA margin",
"label": "Adjusted Earnings Before Interest, Taxes, Depreciation and Amortization, Margin Percentage",
"documentation": "Adjusted Earnings Before Interest, Taxes, Depreciation and Amortization, Margin Percentage"
}
}
},
"auth_ref": []
},
"us-gaap_AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue": {
"xbrltype": "monetaryItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue",
"crdr": "credit",
"presentation": [
"http://heidrick.com/role/CONDENSEDCONSOLIDATEDSTATEMENTSOFCHANGESINSTOCKHOLDERSEQUITY"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Stock-based compensation",
"label": "APIC, Share-Based Payment Arrangement, Increase for Cost Recognition",
"documentation": "Amount of increase to additional paid-in capital (APIC) for recognition of cost for award under share-based payment arrangement."
}
}
},
"auth_ref": [
"r41",
"r42",
"r511"
]
},
"us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract": {
"xbrltype": "stringItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract",
"presentation": [
"http://heidrick.com/role/CONDENSEDCONSOLIDATEDSTATEMENTSOFCASHFLOWS"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Adjustments to reconcile net income to net cash used in operating activities:",
"label": "Adjustments to Reconcile Net Income (Loss) to Cash Provided by (Used in) Operating Activities [Abstract]"
}
}
},
"auth_ref": []
},
"hsii_AggregateCostBasisForNonQualifiedDeferredCompensationPlan": {
"xbrltype": "monetaryItemType",
"nsuri": "http://heidrick.com/20250331",
"localname": "AggregateCostBasisForNonQualifiedDeferredCompensationPlan",
"crdr": "debit",
"presentation": [
"http://heidrick.com/role/FinancialInstrumentsandFairValueNarrativeDetails"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Aggregate cost basis for non-qualified deferred compensation plan",
"label": "Aggregate Cost Basis for Non-Qualified Deferred Compensation Plan",
"documentation": "Aggregate Cost Basis for Non-Qualified Deferred Compensation Plan"
}
}
},
"auth_ref": []
},
"ecd_AggtChngPnsnValInSummryCompstnTblForAplblYrMember": {
"xbrltype": "domainItemType",
"nsuri": "http://xbrl.sec.gov/ecd/2024",
"localname": "AggtChngPnsnValInSummryCompstnTblForAplblYrMember",
"presentation": [
"http://xbrl.sec.gov/ecd/role/PvpDisclosure"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Aggregate Change in Present Value of Accumulated Benefit for All Pension Plans Reported in Summary Compensation Table",
"label": "Aggregate Change in Present Value of Accumulated Benefit for All Pension Plans Reported in Summary Compensation Table [Member]"
}
}
},
"auth_ref": [
"r992"
]
},
"ecd_AggtErrCompAmt": {
"xbrltype": "monetaryItemType",
"nsuri": "http://xbrl.sec.gov/ecd/2024",
"localname": "AggtErrCompAmt",
"presentation": [
"http://xbrl.sec.gov/ecd/role/ErrCompDisclosure"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Aggregate Erroneous Compensation Amount",
"label": "Aggregate Erroneous Compensation Amount"
}
}
},
"auth_ref": [
"r918",
"r928",
"r938",
"r970"
]
},
"ecd_AggtErrCompNotYetDeterminedTextBlock": {
"xbrltype": "textBlockItemType",
"nsuri": "http://xbrl.sec.gov/ecd/2024",
"localname": "AggtErrCompNotYetDeterminedTextBlock",
"presentation": [
"http://xbrl.sec.gov/ecd/role/ErrCompDisclosure"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Aggregate Erroneous Compensation Not Yet Determined",
"label": "Aggregate Erroneous Compensation Not Yet Determined [Text Block]"
}
}
},
"auth_ref": [
"r921",
"r931",
"r941",
"r973"
]
},
"ecd_AggtPnsnAdjsSvcCstMember": {
"xbrltype": "domainItemType",
"nsuri": "http://xbrl.sec.gov/ecd/2024",
"localname": "AggtPnsnAdjsSvcCstMember",
"presentation": [
"http://xbrl.sec.gov/ecd/role/PvpDisclosure"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Aggregate Pension Adjustments Service Cost",
"label": "Aggregate Pension Adjustments Service Cost [Member]"
}
}
},
"auth_ref": [
"r993"
]
},
"ecd_AllAdjToCompMember": {
"xbrltype": "domainItemType",
"nsuri": "http://xbrl.sec.gov/ecd/2024",
"localname": "AllAdjToCompMember",
"presentation": [
"http://xbrl.sec.gov/ecd/role/PvpDisclosure"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "All Adjustments to Compensation",
"label": "All Adjustments to Compensation [Member]"
}
}
},
"auth_ref": [
"r959"
]
},
"ecd_AllExecutiveCategoriesMember": {
"xbrltype": "domainItemType",
"nsuri": "http://xbrl.sec.gov/ecd/2024",
"localname": "AllExecutiveCategoriesMember",
"presentation": [
"http://xbrl.sec.gov/ecd/role/PvpDisclosure"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "All Executive Categories",
"label": "All Executive Categories [Member]"
}
}
},
"auth_ref": [
"r966"
]
},
"ecd_AllIndividualsMember": {
"xbrltype": "domainItemType",
"nsuri": "http://xbrl.sec.gov/ecd/2024",
"localname": "AllIndividualsMember",
"presentation": [
"http://xbrl.sec.gov/ecd/role/AwardTimingDisclosure",
"http://xbrl.sec.gov/ecd/role/ErrCompDisclosure",
"http://xbrl.sec.gov/ecd/role/InsiderTradingArrangements",
"http://xbrl.sec.gov/ecd/role/PvpDisclosure"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "All Individuals",
"label": "All Individuals [Member]"
}
}
},
"auth_ref": [
"r922",
"r932",
"r942",
"r966",
"r974",
"r978",
"r986"
]
},
"ecd_AllTradingArrangementsMember": {
"xbrltype": "domainItemType",
"nsuri": "http://xbrl.sec.gov/ecd/2024",
"localname": "AllTradingArrangementsMember",
"presentation": [
"http://xbrl.sec.gov/ecd/role/InsiderTradingArrangements"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "All Trading Arrangements",
"label": "All Trading Arrangements [Member]"
}
}
},
"auth_ref": [
"r984"
]
},
"us-gaap_AllocatedShareBasedCompensationExpense": {
"xbrltype": "monetaryItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "AllocatedShareBasedCompensationExpense",
"crdr": "debit",
"presentation": [
"http://heidrick.com/role/StockBasedCompensationandCommonStockNarrativeDetails",
"http://heidrick.com/role/StockBasedCompensationandCommonStockSummaryofInformationRelatedtoStockbasedCompensationDetails"
],
"lang": {
"en-us": {
"role": {
"verboseLabel": "Share-based payment arrangement, expense (income)",
"label": "Share-Based Payment Arrangement, Expense",
"documentation": "Amount of expense for award under share-based payment arrangement. Excludes amount capitalized."
}
}
},
"auth_ref": [
"r542",
"r547"
]
},
"us-gaap_AllowanceForDoubtfulAccountsReceivable": {
"xbrltype": "monetaryItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "AllowanceForDoubtfulAccountsReceivable",
"crdr": "credit",
"presentation": [
"http://heidrick.com/role/CreditLossesScheduleofAccountsReceivableAllowanceforCreditLossDetails"
],
"lang": {
"en-us": {
"role": {
"periodStartLabel": "Balance at December\u00a031, 2024",
"periodEndLabel": "Balance at March\u00a031, 2025",
"label": "Accounts Receivable, Allowance for Credit Loss",
"documentation": "Amount of allowance for credit loss on accounts receivable."
}
}
},
"auth_ref": [
"r172",
"r264",
"r302",
"r305",
"r308",
"r1127"
]
},
"us-gaap_AllowanceForDoubtfulAccountsReceivableCurrent": {
"xbrltype": "monetaryItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "AllowanceForDoubtfulAccountsReceivableCurrent",
"crdr": "credit",
"presentation": [
"http://heidrick.com/role/CONDENSEDCONSOLIDATEDBALANCESHEETSParenthetical"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Accounts receivable, allowance for credit loss, current",
"label": "Accounts Receivable, Allowance for Credit Loss, Current",
"documentation": "Amount of allowance for credit loss on accounts receivable, classified as current."
}
}
},
"auth_ref": [
"r172",
"r264",
"r302"
]
},
"us-gaap_AllowanceForDoubtfulAccountsReceivableRollforward": {
"xbrltype": "stringItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "AllowanceForDoubtfulAccountsReceivableRollforward",
"presentation": [
"http://heidrick.com/role/CreditLossesScheduleofAccountsReceivableAllowanceforCreditLossDetails"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Accounts Receivable, Allowance for Credit Loss [Roll Forward]",
"label": "Accounts Receivable, Allowance for Credit Loss [Roll Forward]",
"documentation": "A roll forward is a reconciliation of a concept from the beginning of a period to the end of a period."
}
}
},
"auth_ref": []
},
"us-gaap_AllowanceForDoubtfulAccountsReceivableWriteOffs": {
"xbrltype": "monetaryItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "AllowanceForDoubtfulAccountsReceivableWriteOffs",
"crdr": "debit",
"presentation": [
"http://heidrick.com/role/CreditLossesScheduleofAccountsReceivableAllowanceforCreditLossDetails"
],
"lang": {
"en-us": {
"role": {
"negatedTerseLabel": "Write-offs",
"label": "Accounts Receivable, Allowance for Credit Loss, Writeoff",
"documentation": "Amount of direct write-downs of accounts receivable charged against the allowance."
}
}
},
"auth_ref": [
"r307"
]
},
"dei_AmendmentFlag": {
"xbrltype": "booleanItemType",
"nsuri": "http://xbrl.sec.gov/dei/2024",
"localname": "AmendmentFlag",
"presentation": [
"http://heidrick.com/role/Cover"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Amendment Flag",
"label": "Amendment Flag",
"documentation": "Boolean flag that is true when the XBRL content amends previously-filed or accepted submission."
}
}
},
"auth_ref": []
},
"srt_AmericasMember": {
"xbrltype": "domainItemType",
"nsuri": "http://fasb.org/srt/2024",
"localname": "AmericasMember",
"presentation": [
"http://heidrick.com/role/GoodwillandOtherIntangibleAssetsScheduleofChangesinCarryingAmountofGoodwillbySegmentDetails",
"http://heidrick.com/role/GoodwillandOtherIntangibleAssetsScheduleofGoodwillbySegmentDetails",
"http://heidrick.com/role/GoodwillandOtherIntangibleAssetsScheduleofIndefiniteLivedIntangibleAssetsDetails",
"http://heidrick.com/role/RestructuringScheduleofRestructuringChargesReportableSegmentDetails",
"http://heidrick.com/role/SegmentInformationReconciliationofAdjustedEBITDAfromSegmentstoConsolidatedDetails",
"http://heidrick.com/role/SegmentInformationScheduleofSegmentReportingInformationbySegmentDetail"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Americas",
"label": "Americas [Member]",
"documentation": "Continents of North and South America."
}
}
},
"auth_ref": [
"r1005",
"r1006",
"r1007",
"r1008",
"r1162",
"r1163",
"r1164",
"r1165"
]
},
"us-gaap_AmortizationOfIntangibleAssets": {
"xbrltype": "monetaryItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "AmortizationOfIntangibleAssets",
"crdr": "debit",
"calculation": {
"http://heidrick.com/role/SegmentInformationAdjustedEBITDADetails": {
"parentTag": "hsii_EarningsBeforeInterestTaxesDepreciationAndAmortizationAdjustments",
"weight": 1.0,
"order": 6.0
}
},
"presentation": [
"http://heidrick.com/role/GoodwillandOtherIntangibleAssetsNarrativeDetails",
"http://heidrick.com/role/SegmentInformationAdjustedEBITDADetails"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Intangible amortization",
"label": "Amortization of Intangible Assets",
"documentation": "The aggregate expense charged against earnings to allocate the cost of intangible assets (nonphysical assets not used in production) in a systematic and rational manner to the periods expected to benefit from such assets. As a noncash expense, this element is added back to net income when calculating cash provided by or used in operations using the indirect method."
}
}
},
"auth_ref": [
"r7",
"r331",
"r337",
"r856"
]
},
"us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareLineItems": {
"xbrltype": "stringItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareLineItems",
"presentation": [
"http://heidrick.com/role/SummaryofSignificantAccountingPoliciesScheduleofEarningsperShareDetails"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]",
"label": "Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]",
"documentation": "Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table."
}
}
},
"auth_ref": []
},
"srt_AsiaPacificMember": {
"xbrltype": "domainItemType",
"nsuri": "http://fasb.org/srt/2024",
"localname": "AsiaPacificMember",
"presentation": [
"http://heidrick.com/role/RestructuringScheduleofRestructuringChargesReportableSegmentDetails",
"http://heidrick.com/role/SegmentInformationReconciliationofAdjustedEBITDAfromSegmentstoConsolidatedDetails",
"http://heidrick.com/role/SegmentInformationScheduleofSegmentReportingInformationbySegmentDetail"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Asia Pacific",
"label": "Asia Pacific [Member]",
"documentation": "Region of Asia Pacific."
}
}
},
"auth_ref": [
"r1005",
"r1006",
"r1007",
"r1008",
"r1162",
"r1163",
"r1164",
"r1165"
]
},
"us-gaap_Assets": {
"xbrltype": "monetaryItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "Assets",
"crdr": "debit",
"calculation": {
"http://heidrick.com/role/CONDENSEDCONSOLIDATEDBALANCESHEETS": {
"parentTag": null,
"weight": null,
"order": null,
"root": true
}
},
"presentation": [
"http://heidrick.com/role/CONDENSEDCONSOLIDATEDBALANCESHEETS"
],
"lang": {
"en-us": {
"role": {
"totalLabel": "Total assets",
"label": "Assets",
"documentation": "Amount of asset recognized for present right to economic benefit."
}
}
},
"auth_ref": [
"r106",
"r118",
"r170",
"r198",
"r227",
"r233",
"r251",
"r255",
"r299",
"r379",
"r380",
"r382",
"r383",
"r384",
"r385",
"r386",
"r388",
"r389",
"r576",
"r578",
"r612",
"r714",
"r785",
"r848",
"r849",
"r887",
"r909",
"r1085",
"r1086",
"r1113"
]
},
"hsii_AssetsAndLiabilitiesLesseeTableTextBlock": {
"xbrltype": "textBlockItemType",
"nsuri": "http://heidrick.com/20250331",
"localname": "AssetsAndLiabilitiesLesseeTableTextBlock",
"presentation": [
"http://heidrick.com/role/LeasesTables"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Schedule of Weighted Average Information Related to Leases",
"label": "Assets And Liabilities, Lessee [Table Text Block]",
"documentation": "Assets And Liabilities, Lessee"
}
}
},
"auth_ref": []
},
"us-gaap_AssetsCurrent": {
"xbrltype": "monetaryItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "AssetsCurrent",
"crdr": "debit",
"calculation": {
"http://heidrick.com/role/CONDENSEDCONSOLIDATEDBALANCESHEETS": {
"parentTag": "us-gaap_Assets",
"weight": 1.0,
"order": 2.0
}
},
"presentation": [
"http://heidrick.com/role/CONDENSEDCONSOLIDATEDBALANCESHEETS"
],
"lang": {
"en-us": {
"role": {
"totalLabel": "Total current assets",
"label": "Assets, Current",
"documentation": "Amount of asset recognized for present right to economic benefit, classified as current."
}
}
},
"auth_ref": [
"r161",
"r175",
"r198",
"r299",
"r379",
"r380",
"r382",
"r383",
"r384",
"r385",
"r386",
"r388",
"r389",
"r576",
"r578",
"r612",
"r887",
"r1085",
"r1086",
"r1113"
]
},
"us-gaap_AssetsCurrentAbstract": {
"xbrltype": "stringItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "AssetsCurrentAbstract",
"presentation": [
"http://heidrick.com/role/CONDENSEDCONSOLIDATEDBALANCESHEETS"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Current assets",
"label": "Assets, Current [Abstract]"
}
}
},
"auth_ref": []
},
"hsii_AssetsDesignatedForRetirementAndPensionPlansMember": {
"xbrltype": "domainItemType",
"nsuri": "http://heidrick.com/20250331",
"localname": "AssetsDesignatedForRetirementAndPensionPlansMember",
"presentation": [
"http://heidrick.com/role/FinancialInstrumentsandFairValueScheduleofFairValueSeparateAccountInvestmentDetails"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Assets Designated for Retirement and Pension Plans",
"label": "Assets Designated for Retirement and Pension Plans [Member]",
"documentation": "Assets Designated for Retirement and Pension Plans"
}
}
},
"auth_ref": []
},
"us-gaap_AssetsNoncurrent": {
"xbrltype": "monetaryItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "AssetsNoncurrent",
"crdr": "debit",
"calculation": {
"http://heidrick.com/role/CONDENSEDCONSOLIDATEDBALANCESHEETS": {
"parentTag": "us-gaap_Assets",
"weight": 1.0,
"order": 1.0
}
},
"presentation": [
"http://heidrick.com/role/CONDENSEDCONSOLIDATEDBALANCESHEETS"
],
"lang": {
"en-us": {
"role": {
"totalLabel": "Total non-current assets",
"label": "Assets, Noncurrent",
"documentation": "Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold or consumed after one year or beyond the normal operating cycle, if longer."
}
}
},
"auth_ref": [
"r198",
"r299",
"r379",
"r380",
"r382",
"r383",
"r384",
"r385",
"r386",
"r388",
"r389",
"r576",
"r578",
"r612",
"r1085",
"r1086",
"r1113"
]
},
"us-gaap_AssetsNoncurrentAbstract": {
"xbrltype": "stringItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "AssetsNoncurrentAbstract",
"presentation": [
"http://heidrick.com/role/CONDENSEDCONSOLIDATEDBALANCESHEETS"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Non-current assets",
"label": "Assets, Noncurrent [Abstract]"
}
}
},
"auth_ref": []
},
"us-gaap_AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax": {
"xbrltype": "monetaryItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax",
"crdr": "credit",
"calculation": {
"http://heidrick.com/role/FinancialInstrumentsandFairValueScheduleofUnrealizedGainLossonInvestmentsDetails": {
"parentTag": "us-gaap_DebtSecuritiesAvailableForSaleAmortizedCostExcludingAccruedInterestAfterAllowanceForCreditLoss",
"weight": -1.0,
"order": 1.0
}
},
"presentation": [
"http://heidrick.com/role/FinancialInstrumentsandFairValueScheduleofUnrealizedGainLossonInvestmentsDetails"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Unrealized Gains",
"label": "Debt Securities, Available-for-Sale, Accumulated Gross Unrealized Gain, before Tax",
"documentation": "Amount, before tax, of unrealized gain in accumulated other comprehensive income (AOCI) on investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale)."
}
}
},
"auth_ref": [
"r270"
]
},
"ecd_AwardExrcPrice": {
"xbrltype": "perShareItemType",
"nsuri": "http://xbrl.sec.gov/ecd/2024",
"localname": "AwardExrcPrice",
"presentation": [
"http://xbrl.sec.gov/ecd/role/AwardTimingDisclosure"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Exercise Price",
"label": "Award Exercise Price"
}
}
},
"auth_ref": [
"r981"
]
},
"ecd_AwardGrantDateFairValue": {
"xbrltype": "monetaryItemType",
"nsuri": "http://xbrl.sec.gov/ecd/2024",
"localname": "AwardGrantDateFairValue",
"presentation": [
"http://xbrl.sec.gov/ecd/role/AwardTimingDisclosure"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Fair Value as of Grant Date",
"label": "Award Grant Date Fair Value"
}
}
},
"auth_ref": [
"r982"
]
},
"ecd_AwardTmgDiscLineItems": {
"xbrltype": "stringItemType",
"nsuri": "http://xbrl.sec.gov/ecd/2024",
"localname": "AwardTmgDiscLineItems",
"lang": {
"en-us": {
"role": {
"label": "Award Timing Disclosures [Line Items]"
}
}
},
"auth_ref": [
"r977"
]
},
"ecd_AwardTmgHowMnpiCnsdrdTextBlock": {
"xbrltype": "textBlockItemType",
"nsuri": "http://xbrl.sec.gov/ecd/2024",
"localname": "AwardTmgHowMnpiCnsdrdTextBlock",
"presentation": [
"http://xbrl.sec.gov/ecd/role/AwardTimingDisclosure"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Award Timing, How MNPI Considered",
"label": "Award Timing, How MNPI Considered [Text Block]"
}
}
},
"auth_ref": [
"r977"
]
},
"ecd_AwardTmgMethodTextBlock": {
"xbrltype": "textBlockItemType",
"nsuri": "http://xbrl.sec.gov/ecd/2024",
"localname": "AwardTmgMethodTextBlock",
"presentation": [
"http://xbrl.sec.gov/ecd/role/AwardTimingDisclosure"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Award Timing Method",
"label": "Award Timing Method [Text Block]"
}
}
},
"auth_ref": [
"r977"
]
},
"ecd_AwardTmgMnpiCnsdrdFlag": {
"xbrltype": "booleanItemType",
"nsuri": "http://xbrl.sec.gov/ecd/2024",
"localname": "AwardTmgMnpiCnsdrdFlag",
"presentation": [
"http://xbrl.sec.gov/ecd/role/AwardTimingDisclosure"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Award Timing MNPI Considered",
"label": "Award Timing MNPI Considered [Flag]"
}
}
},
"auth_ref": [
"r977"
]
},
"ecd_AwardTmgMnpiDiscTextBlock": {
"xbrltype": "textBlockItemType",
"nsuri": "http://xbrl.sec.gov/ecd/2024",
"localname": "AwardTmgMnpiDiscTextBlock",
"presentation": [
"http://xbrl.sec.gov/ecd/role/AwardTimingDisclosure"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Award Timing MNPI Disclosure",
"label": "Award Timing MNPI Disclosure [Text Block]"
}
}
},
"auth_ref": [
"r977"
]
},
"ecd_AwardTmgPredtrmndFlag": {
"xbrltype": "booleanItemType",
"nsuri": "http://xbrl.sec.gov/ecd/2024",
"localname": "AwardTmgPredtrmndFlag",
"presentation": [
"http://xbrl.sec.gov/ecd/role/AwardTimingDisclosure"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Award Timing Predetermined",
"label": "Award Timing Predetermined [Flag]"
}
}
},
"auth_ref": [
"r977"
]
},
"us-gaap_AwardTypeAxis": {
"xbrltype": "stringItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "AwardTypeAxis",
"presentation": [
"http://heidrick.com/role/StockBasedCompensationandCommonStockNarrativeDetails",
"http://heidrick.com/role/StockBasedCompensationandCommonStockScheduleofPerformanceStockUnitActivityDetails",
"http://heidrick.com/role/StockBasedCompensationandCommonStockScheduleofPhantomStockUnitActivityDetails",
"http://heidrick.com/role/StockBasedCompensationandCommonStockScheduleofRestrictedStockUnitActivityDetails",
"http://heidrick.com/role/StockBasedCompensationandCommonStockSummaryofInformationRelatedtoStockbasedCompensationDetails",
"http://heidrick.com/role/SummaryofSignificantAccountingPoliciesScheduleofEarningsperShareDetails",
"http://xbrl.sec.gov/ecd/role/AwardTimingDisclosure"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Award Type [Axis]",
"label": "Award Type [Axis]",
"documentation": "Information by type of award under share-based payment arrangement."
}
}
},
"auth_ref": [
"r515",
"r516",
"r517",
"r518",
"r519",
"r520",
"r521",
"r522",
"r523",
"r524",
"r525",
"r526",
"r527",
"r528",
"r529",
"r530",
"r531",
"r532",
"r533",
"r534",
"r535",
"r536",
"r537",
"r538",
"r539",
"r540"
]
},
"ecd_AwardUndrlygSecuritiesAmt": {
"xbrltype": "decimalItemType",
"nsuri": "http://xbrl.sec.gov/ecd/2024",
"localname": "AwardUndrlygSecuritiesAmt",
"presentation": [
"http://xbrl.sec.gov/ecd/role/AwardTimingDisclosure"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Underlying Securities",
"label": "Award Underlying Securities Amount"
}
}
},
"auth_ref": [
"r980"
]
},
"ecd_AwardsCloseToMnpiDiscIndName": {
"xbrltype": "stringItemType",
"nsuri": "http://xbrl.sec.gov/ecd/2024",
"localname": "AwardsCloseToMnpiDiscIndName",
"presentation": [
"http://xbrl.sec.gov/ecd/role/AwardTimingDisclosure"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Name",
"label": "Awards Close in Time to MNPI Disclosures, Individual Name"
}
}
},
"auth_ref": [
"r979"
]
},
"ecd_AwardsCloseToMnpiDiscTable": {
"xbrltype": "stringItemType",
"nsuri": "http://xbrl.sec.gov/ecd/2024",
"localname": "AwardsCloseToMnpiDiscTable",
"presentation": [
"http://xbrl.sec.gov/ecd/role/AwardTimingDisclosure"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Awards Close in Time to MNPI Disclosures",
"label": "Awards Close in Time to MNPI Disclosures [Table]"
}
}
},
"auth_ref": [
"r978"
]
},
"ecd_AwardsCloseToMnpiDiscTableTextBlock": {
"xbrltype": "textBlockItemType",
"nsuri": "http://xbrl.sec.gov/ecd/2024",
"localname": "AwardsCloseToMnpiDiscTableTextBlock",
"presentation": [
"http://xbrl.sec.gov/ecd/role/AwardTimingDisclosure"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Awards Close in Time to MNPI Disclosures, Table",
"label": "Awards Close in Time to MNPI Disclosures [Table Text Block]"
}
}
},
"auth_ref": [
"r978"
]
},
"us-gaap_BalanceSheetLocationAxis": {
"xbrltype": "stringItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "BalanceSheetLocationAxis",
"presentation": [
"http://heidrick.com/role/FinancialInstrumentsandFairValueNarrativeDetails",
"http://heidrick.com/role/FinancialInstrumentsandFairValueScheduleofFairValueSeparateAccountInvestmentDetails"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Balance Sheet Location [Axis]",
"label": "Statement of Financial Position Location, Balance [Axis]",
"documentation": "Information by location in statement of financial position where disaggregated cumulative balance has been reported."
}
}
},
"auth_ref": [
"r349",
"r1129",
"r1130"
]
},
"us-gaap_BalanceSheetLocationDomain": {
"xbrltype": "domainItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "BalanceSheetLocationDomain",
"presentation": [
"http://heidrick.com/role/FinancialInstrumentsandFairValueNarrativeDetails",
"http://heidrick.com/role/FinancialInstrumentsandFairValueScheduleofFairValueSeparateAccountInvestmentDetails"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Balance Sheet Location [Domain]",
"label": "Statement of Financial Position Location, Balance [Domain]",
"documentation": "Location in statement of financial position where disaggregated cumulative balance has been reported."
}
}
},
"auth_ref": [
"r45",
"r46",
"r349",
"r1129",
"r1130"
]
},
"us-gaap_BasisOfPresentationAndSignificantAccountingPoliciesTextBlock": {
"xbrltype": "textBlockItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "BasisOfPresentationAndSignificantAccountingPoliciesTextBlock",
"presentation": [
"http://heidrick.com/role/SummaryofSignificantAccountingPolicies"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Summary of Significant Accounting Policies",
"label": "Basis of Presentation and Significant Accounting Policies [Text Block]",
"documentation": "The entire disclosure for the basis of presentation and significant accounting policies concepts. Basis of presentation describes the underlying basis used to prepare the financial statements (for example, US Generally Accepted Accounting Principles, Other Comprehensive Basis of Accounting, IFRS). Accounting policies describe all significant accounting policies of the reporting entity."
}
}
},
"auth_ref": [
"r89"
]
},
"us-gaap_BridgeLoanMember": {
"xbrltype": "domainItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "BridgeLoanMember",
"presentation": [
"http://heidrick.com/role/LineofCreditDetails"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Bridge Loan",
"label": "Bridge Loan [Member]",
"documentation": "Financing which is expected to be replaced by a medium to long-term loan. The loan \"bridges\" the gap in time when otherwise no financing would be in place."
}
}
},
"auth_ref": []
},
"us-gaap_BuildingMember": {
"xbrltype": "domainItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "BuildingMember",
"presentation": [
"http://heidrick.com/role/LeasesNarrativeDetails"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Building",
"label": "Building [Member]",
"documentation": "Facility held for productive use including, but not limited to, office, production, storage and distribution facilities."
}
}
},
"auth_ref": [
"r92"
]
},
"us-gaap_BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1": {
"xbrltype": "monetaryItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1",
"crdr": "debit",
"calculation": {
"http://heidrick.com/role/SegmentInformationAdjustedEBITDADetails": {
"parentTag": "hsii_EarningsBeforeInterestTaxesDepreciationAndAmortizationAdjustments",
"weight": 1.0,
"order": 7.0
}
},
"presentation": [
"http://heidrick.com/role/SegmentInformationAdjustedEBITDADetails"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Acquisition contingent consideration",
"label": "Business Combination, Contingent Consideration Arrangements, Change in Amount of Contingent Consideration, Liability",
"documentation": "Amount of increase (decrease) in the value of a contingent consideration liability, including, but not limited to, differences arising upon settlement."
}
}
},
"auth_ref": [
"r573",
"r1022"
]
},
"us-gaap_CashAndCashEquivalentsAtCarryingValue": {
"xbrltype": "monetaryItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "CashAndCashEquivalentsAtCarryingValue",
"crdr": "debit",
"calculation": {
"http://heidrick.com/role/SummaryofSignificantAccountingPoliciesReconciliationofCashandCashEquivalentsbetweenBalanceSheetandCashFlowStatementsDetails": {
"parentTag": "us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents",
"weight": 1.0,
"order": 2.0
},
"http://heidrick.com/role/CONDENSEDCONSOLIDATEDBALANCESHEETS": {
"parentTag": "us-gaap_AssetsCurrent",
"weight": 1.0,
"order": 4.0
}
},
"presentation": [
"http://heidrick.com/role/CONDENSEDCONSOLIDATEDBALANCESHEETS",
"http://heidrick.com/role/FinancialInstrumentsandFairValueScheduleofUnrealizedGainLossonInvestmentsDetails",
"http://heidrick.com/role/SummaryofSignificantAccountingPoliciesReconciliationofCashandCashEquivalentsbetweenBalanceSheetandCashFlowStatementsDetails"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Cash and cash equivalents",
"label": "Cash and Cash Equivalents, at Carrying Value",
"documentation": "Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation."
}
}
},
"auth_ref": [
"r20",
"r163",
"r839"
]
},
"us-gaap_CashAndCashEquivalentsAxis": {
"xbrltype": "stringItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "CashAndCashEquivalentsAxis",
"presentation": [
"http://heidrick.com/role/FinancialInstrumentsandFairValueScheduleofUnrealizedGainLossonInvestmentsDetails"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Cash and Cash Equivalents [Axis]",
"label": "Cash and Cash Equivalents [Axis]",
"documentation": "Information by type of cash and cash equivalent balance."
}
}
},
"auth_ref": [
"r163"
]
},
"us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents": {
"xbrltype": "monetaryItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents",
"crdr": "debit",
"calculation": {
"http://heidrick.com/role/SummaryofSignificantAccountingPoliciesReconciliationofCashandCashEquivalentsbetweenBalanceSheetandCashFlowStatementsDetails": {
"parentTag": null,
"weight": null,
"order": null,
"root": true
}
},
"presentation": [
"http://heidrick.com/role/CONDENSEDCONSOLIDATEDSTATEMENTSOFCASHFLOWS",
"http://heidrick.com/role/SummaryofSignificantAccountingPoliciesReconciliationofCashandCashEquivalentsbetweenBalanceSheetandCashFlowStatementsDetails"
],
"lang": {
"en-us": {
"role": {
"periodStartLabel": "Cash, cash equivalents and restricted cash at beginning of period",
"periodEndLabel": "Cash, cash equivalents and restricted cash at end of period",
"totalLabel": "Total cash, cash equivalents and restricted cash",
"label": "Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents",
"documentation": "Amount of cash and cash equivalents, and cash and cash equivalents restricted to withdrawal or usage. Excludes amount for disposal group and discontinued operations. Cash includes, but is not limited to, currency on hand, demand deposits with banks or financial institutions, and other accounts with general characteristics of demand deposits. Cash equivalents include, but are not limited to, short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates."
}
}
},
"auth_ref": [
"r20",
"r86",
"r196"
]
},
"us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect": {
"xbrltype": "monetaryItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect",
"crdr": "debit",
"calculation": {
"http://heidrick.com/role/CONDENSEDCONSOLIDATEDSTATEMENTSOFCASHFLOWS": {
"parentTag": null,
"weight": null,
"order": null,
"root": true
}
},
"presentation": [
"http://heidrick.com/role/CONDENSEDCONSOLIDATEDSTATEMENTSOFCASHFLOWS"
],
"lang": {
"en-us": {
"role": {
"totalLabel": "Net decrease in cash, cash equivalents and restricted cash",
"label": "Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect",
"documentation": "Amount of increase (decrease) in cash, cash equivalents, and cash and cash equivalents restricted to withdrawal or usage; including effect from exchange rate change. Cash includes, but is not limited to, currency on hand, demand deposits with banks or financial institutions, and other accounts with general characteristics of demand deposits. Cash equivalents include, but are not limited to, short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates."
}
}
},
"auth_ref": [
"r0",
"r86"
]
},
"us-gaap_CashMember": {
"xbrltype": "domainItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "CashMember",
"presentation": [
"http://heidrick.com/role/FinancialInstrumentsandFairValueScheduleofUnrealizedGainLossonInvestmentsDetails"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Cash",
"label": "Cash [Member]",
"documentation": "Currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits."
}
}
},
"auth_ref": [
"r163"
]
},
"us-gaap_ChangeInContractWithCustomerAssetAbstract": {
"xbrltype": "stringItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "ChangeInContractWithCustomerAssetAbstract",
"presentation": [
"http://heidrick.com/role/RevenueSummaryofChangesinContractAssetsandLiabilitiesDetails"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Change in contract assets",
"label": "Change in Contract with Customer, Asset [Abstract]"
}
}
},
"auth_ref": []
},
"us-gaap_ChangeInContractWithCustomerLiabilityAbstract": {
"xbrltype": "stringItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "ChangeInContractWithCustomerLiabilityAbstract",
"presentation": [
"http://heidrick.com/role/RevenueSummaryofChangesinContractAssetsandLiabilitiesDetails"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Change in contract liabilities",
"label": "Change in Contract with Customer, Liability [Abstract]"
}
}
},
"auth_ref": []
},
"ecd_ChangedPeerGroupFnTextBlock": {
"xbrltype": "textBlockItemType",
"nsuri": "http://xbrl.sec.gov/ecd/2024",
"localname": "ChangedPeerGroupFnTextBlock",
"presentation": [
"http://xbrl.sec.gov/ecd/role/PvpDisclosure"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Changed Peer Group, Footnote",
"label": "Changed Peer Group, Footnote [Text Block]"
}
}
},
"auth_ref": [
"r957"
]
},
"ecd_ChngInFrValAsOfVstngDtOfPrrYrEqtyAwrdsVstdInCvrdYrMember": {
"xbrltype": "domainItemType",
"nsuri": "http://xbrl.sec.gov/ecd/2024",
"localname": "ChngInFrValAsOfVstngDtOfPrrYrEqtyAwrdsVstdInCvrdYrMember",
"presentation": [
"http://xbrl.sec.gov/ecd/role/PvpDisclosure"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year",
"label": "Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year [Member]"
}
}
},
"auth_ref": [
"r954"
]
},
"ecd_ChngInFrValOfOutsdngAndUnvstdEqtyAwrdsGrntdInPrrYrsMember": {
"xbrltype": "domainItemType",
"nsuri": "http://xbrl.sec.gov/ecd/2024",
"localname": "ChngInFrValOfOutsdngAndUnvstdEqtyAwrdsGrntdInPrrYrsMember",
"presentation": [
"http://xbrl.sec.gov/ecd/role/PvpDisclosure"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested",
"label": "Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested [Member]"
}
}
},
"auth_ref": [
"r952"
]
},
"dei_CityAreaCode": {
"xbrltype": "normalizedStringItemType",
"nsuri": "http://xbrl.sec.gov/dei/2024",
"localname": "CityAreaCode",
"presentation": [
"http://heidrick.com/role/Cover"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "City Area Code",
"label": "City Area Code",
"documentation": "Area code of city"
}
}
},
"auth_ref": []
},
"ecd_CoSelectedMeasureAmt": {
"xbrltype": "decimalItemType",
"nsuri": "http://xbrl.sec.gov/ecd/2024",
"localname": "CoSelectedMeasureAmt",
"presentation": [
"http://xbrl.sec.gov/ecd/role/PvpDisclosure"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Company Selected Measure Amount",
"label": "Company Selected Measure Amount"
}
}
},
"auth_ref": [
"r958"
]
},
"ecd_CoSelectedMeasureName": {
"xbrltype": "normalizedStringItemType",
"nsuri": "http://xbrl.sec.gov/ecd/2024",
"localname": "CoSelectedMeasureName",
"presentation": [
"http://xbrl.sec.gov/ecd/role/PvpDisclosure"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Company Selected Measure Name",
"label": "Company Selected Measure Name"
}
}
},
"auth_ref": [
"r958"
]
},
"us-gaap_CommitmentsAndContingencies": {
"xbrltype": "monetaryItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "CommitmentsAndContingencies",
"crdr": "credit",
"calculation": {
"http://heidrick.com/role/CONDENSEDCONSOLIDATEDBALANCESHEETS": {
"parentTag": "us-gaap_LiabilitiesAndStockholdersEquity",
"weight": 1.0,
"order": 2.0
}
},
"presentation": [
"http://heidrick.com/role/CONDENSEDCONSOLIDATEDBALANCESHEETS"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Commitments and contingencies (Note 17)",
"label": "Commitments and Contingencies",
"documentation": "Represents the caption on the face of the balance sheet to indicate that the entity has entered into (1) purchase or supply arrangements that will require expending a portion of its resources to meet the terms thereof, and (2) is exposed to potential losses or, less frequently, gains, arising from (a) possible claims against a company's resources due to future performance under contract terms, and (b) possible losses or likely gains from uncertainties that will ultimately be resolved when one or more future events that are deemed likely to occur do occur or fail to occur."
}
}
},
"auth_ref": [
"r61",
"r111",
"r716",
"r770"
]
},
"us-gaap_CommitmentsAndContingenciesDisclosureAbstract": {
"xbrltype": "stringItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "CommitmentsAndContingenciesDisclosureAbstract",
"lang": {
"en-us": {
"role": {
"label": "Commitments and Contingencies Disclosure [Abstract]"
}
}
},
"auth_ref": []
},
"us-gaap_CommitmentsAndContingenciesDisclosureTextBlock": {
"xbrltype": "textBlockItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "CommitmentsAndContingenciesDisclosureTextBlock",
"presentation": [
"http://heidrick.com/role/CommitmentsandContingencies"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Commitments and Contingencies",
"label": "Commitments and Contingencies Disclosure [Text Block]",
"documentation": "The entire disclosure for commitments and contingencies."
}
}
},
"auth_ref": [
"r96",
"r362",
"r363",
"r823",
"r1075",
"r1082"
]
},
"hsii_CommonAndTreasuryStockTransactionsAbstract": {
"xbrltype": "stringItemType",
"nsuri": "http://heidrick.com/20250331",
"localname": "CommonAndTreasuryStockTransactionsAbstract",
"presentation": [
"http://heidrick.com/role/CONDENSEDCONSOLIDATEDSTATEMENTSOFCHANGESINSTOCKHOLDERSEQUITY"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Common and treasury stock transactions:",
"label": "Common And Treasury Stock Transactions [Abstract]",
"documentation": "Common And Treasury Stock Transactions"
}
}
},
"auth_ref": []
},
"us-gaap_CommonStockDividendsPerShareCashPaid": {
"xbrltype": "perShareItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "CommonStockDividendsPerShareCashPaid",
"presentation": [
"http://heidrick.com/role/CONDENSEDCONSOLIDATEDSTATEMENTSOFCOMPREHENSIVEINCOME"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Cash dividends paid per share (in dollars per share)",
"label": "Common Stock, Dividends, Per Share, Cash Paid",
"documentation": "Aggregate dividends paid during the period for each share of common stock outstanding."
}
}
},
"auth_ref": [
"r100"
]
},
"us-gaap_CommonStockDividendsPerShareDeclared": {
"xbrltype": "perShareItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "CommonStockDividendsPerShareDeclared",
"presentation": [
"http://heidrick.com/role/CONDENSEDCONSOLIDATEDSTATEMENTSOFCHANGESINSTOCKHOLDERSEQUITYParenthetical"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Cash dividends declared (in dollars per share)",
"label": "Common Stock, Dividends, Per Share, Declared",
"documentation": "Aggregate dividends declared during the period for each share of common stock outstanding."
}
}
},
"auth_ref": [
"r100"
]
},
"us-gaap_CommonStockMember": {
"xbrltype": "domainItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "CommonStockMember",
"presentation": [
"http://heidrick.com/role/CONDENSEDCONSOLIDATEDSTATEMENTSOFCHANGESINSTOCKHOLDERSEQUITY"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Common Stock",
"label": "Common Stock [Member]",
"documentation": "Stock that is subordinate to all other stock of the issuer."
}
}
},
"auth_ref": [
"r900",
"r901",
"r902",
"r904",
"r905",
"r906",
"r907",
"r1027",
"r1028",
"r1030",
"r1095",
"r1159",
"r1160"
]
},
"us-gaap_CommonStockParOrStatedValuePerShare": {
"xbrltype": "perShareItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "CommonStockParOrStatedValuePerShare",
"presentation": [
"http://heidrick.com/role/CONDENSEDCONSOLIDATEDBALANCESHEETSParenthetical"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Common stock, par value (in dollars per share)",
"label": "Common Stock, Par or Stated Value Per Share",
"documentation": "Face amount or stated value per share of common stock."
}
}
},
"auth_ref": [
"r64"
]
},
"us-gaap_CommonStockSharesAuthorized": {
"xbrltype": "sharesItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "CommonStockSharesAuthorized",
"presentation": [
"http://heidrick.com/role/CONDENSEDCONSOLIDATEDBALANCESHEETSParenthetical"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Common stock, authorized (in shares)",
"label": "Common Stock, Shares Authorized",
"documentation": "The maximum number of common shares permitted to be issued by an entity's charter and bylaws."
}
}
},
"auth_ref": [
"r64",
"r771"
]
},
"us-gaap_CommonStockSharesIssued": {
"xbrltype": "sharesItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "CommonStockSharesIssued",
"presentation": [
"http://heidrick.com/role/CONDENSEDCONSOLIDATEDBALANCESHEETSParenthetical"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Common stock, issued (in shares)",
"label": "Common Stock, Shares, Issued",
"documentation": "Total number of common shares of an entity that have been sold or granted to shareholders (includes common shares that were issued, repurchased and remain in the treasury). These shares represent capital invested by the firm's shareholders and owners, and may be all or only a portion of the number of shares authorized. Shares issued include shares outstanding and shares held in the treasury."
}
}
},
"auth_ref": [
"r64"
]
},
"us-gaap_CommonStockSharesOutstanding": {
"xbrltype": "sharesItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "CommonStockSharesOutstanding",
"presentation": [
"http://heidrick.com/role/CONDENSEDCONSOLIDATEDBALANCESHEETSParenthetical",
"http://heidrick.com/role/CONDENSEDCONSOLIDATEDSTATEMENTSOFCHANGESINSTOCKHOLDERSEQUITY"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Common stock, outstanding (in shares)",
"periodStartLabel": "Beginning balance (in shares)",
"periodEndLabel": "Ending balance (in shares)",
"label": "Common Stock, Shares, Outstanding",
"documentation": "Number of shares of common stock outstanding. Common stock represent the ownership interest in a corporation."
}
}
},
"auth_ref": [
"r10",
"r64",
"r771",
"r791",
"r1160",
"r1161"
]
},
"us-gaap_CommonStockValue": {
"xbrltype": "monetaryItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "CommonStockValue",
"crdr": "credit",
"calculation": {
"http://heidrick.com/role/CONDENSEDCONSOLIDATEDBALANCESHEETS": {
"parentTag": "us-gaap_StockholdersEquity",
"weight": 1.0,
"order": 1.0
}
},
"presentation": [
"http://heidrick.com/role/CONDENSEDCONSOLIDATEDBALANCESHEETS"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Common stock, $0.01 par value, 100,000,000 shares authorized, 20,625,866 and 20,414,915 shares issued, 20,620,786 and 20,409,835 shares outstanding at March\u00a031, 2025 and December\u00a031, 2024, respectively",
"label": "Common Stock, Value, Issued",
"documentation": "Aggregate par or stated value of issued nonredeemable common stock (or common stock redeemable solely at the option of the issuer). This item includes treasury stock repurchased by the entity. Note: elements for number of nonredeemable common shares, par value and other disclosure concepts are in another section within stockholders' equity."
}
}
},
"auth_ref": [
"r64",
"r718",
"r887"
]
},
"ecd_CompActuallyPaidVsCoSelectedMeasureTextBlock": {
"xbrltype": "textBlockItemType",
"nsuri": "http://xbrl.sec.gov/ecd/2024",
"localname": "CompActuallyPaidVsCoSelectedMeasureTextBlock",
"presentation": [
"http://xbrl.sec.gov/ecd/role/PvpDisclosure"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Compensation Actually Paid vs. Company Selected Measure",
"label": "Compensation Actually Paid vs. Company Selected Measure [Text Block]"
}
}
},
"auth_ref": [
"r963"
]
},
"ecd_CompActuallyPaidVsNetIncomeTextBlock": {
"xbrltype": "textBlockItemType",
"nsuri": "http://xbrl.sec.gov/ecd/2024",
"localname": "CompActuallyPaidVsNetIncomeTextBlock",
"presentation": [
"http://xbrl.sec.gov/ecd/role/PvpDisclosure"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Compensation Actually Paid vs. Net Income",
"label": "Compensation Actually Paid vs. Net Income [Text Block]"
}
}
},
"auth_ref": [
"r962"
]
},
"ecd_CompActuallyPaidVsOtherMeasureTextBlock": {
"xbrltype": "textBlockItemType",
"nsuri": "http://xbrl.sec.gov/ecd/2024",
"localname": "CompActuallyPaidVsOtherMeasureTextBlock",
"presentation": [
"http://xbrl.sec.gov/ecd/role/PvpDisclosure"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Compensation Actually Paid vs. Other Measure",
"label": "Compensation Actually Paid vs. Other Measure [Text Block]"
}
}
},
"auth_ref": [
"r964"
]
},
"ecd_CompActuallyPaidVsTotalShareholderRtnTextBlock": {
"xbrltype": "textBlockItemType",
"nsuri": "http://xbrl.sec.gov/ecd/2024",
"localname": "CompActuallyPaidVsTotalShareholderRtnTextBlock",
"presentation": [
"http://xbrl.sec.gov/ecd/role/PvpDisclosure"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Compensation Actually Paid vs. Total Shareholder Return",
"label": "Compensation Actually Paid vs. Total Shareholder Return [Text Block]"
}
}
},
"auth_ref": [
"r961"
]
},
"us-gaap_ComprehensiveIncomeNetOfTax": {
"xbrltype": "monetaryItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "ComprehensiveIncomeNetOfTax",
"crdr": "credit",
"calculation": {
"http://heidrick.com/role/CONDENSEDCONSOLIDATEDSTATEMENTSOFCOMPREHENSIVEINCOME": {
"parentTag": null,
"weight": null,
"order": null,
"root": true
}
},
"presentation": [
"http://heidrick.com/role/CONDENSEDCONSOLIDATEDSTATEMENTSOFCOMPREHENSIVEINCOME"
],
"lang": {
"en-us": {
"role": {
"totalLabel": "Comprehensive income",
"label": "Comprehensive Income (Loss), Net of Tax, Attributable to Parent",
"documentation": "Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income, attributable to parent entity. Excludes changes in equity resulting from investments by owners and distributions to owners."
}
}
},
"auth_ref": [
"r16",
"r182",
"r184",
"r190",
"r710",
"r727",
"r728"
]
},
"us-gaap_ComprehensiveIncomeNoteTextBlock": {
"xbrltype": "textBlockItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "ComprehensiveIncomeNoteTextBlock",
"presentation": [
"http://heidrick.com/role/ChangesinAccumulatedOtherComprehensiveIncomeLoss"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Changes in Accumulated Other Comprehensive Income (Loss)",
"label": "Comprehensive Income (Loss) Note [Text Block]",
"documentation": "The entire disclosure for comprehensive income, which includes, but is not limited to, 1) the amount of income tax expense or benefit allocated to each component of other comprehensive income, including reclassification adjustments, 2) the reclassification adjustments for each classification of other comprehensive income and 3) the ending accumulated balances for each component of comprehensive income."
}
}
},
"auth_ref": [
"r70",
"r189",
"r709",
"r725"
]
},
"us-gaap_ComputerEquipmentMember": {
"xbrltype": "domainItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "ComputerEquipmentMember",
"presentation": [
"http://heidrick.com/role/PropertyandEquipmentnetScheduleofPropertyandEquipmentDetails"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Computer equipment and software",
"label": "Computer Equipment [Member]",
"documentation": "Long lived, depreciable assets that are used in the creation, maintenance and utilization of information systems."
}
}
},
"auth_ref": []
},
"srt_ConsolidationItemsAxis": {
"xbrltype": "stringItemType",
"nsuri": "http://fasb.org/srt/2024",
"localname": "ConsolidationItemsAxis",
"presentation": [
"http://heidrick.com/role/RestructuringScheduleofRestructuringChargesReportableSegmentDetails",
"http://heidrick.com/role/SegmentInformationReconciliationofAdjustedEBITDAfromSegmentstoConsolidatedDetails",
"http://heidrick.com/role/SegmentInformationScheduleofSegmentReportingInformationbySegmentDetail"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Consolidation Items [Axis]",
"label": "Consolidation Items [Axis]",
"documentation": "Information by components, eliminations, non-segment corporate-level activity and reconciling items used in consolidating a parent entity and its subsidiaries or its operating segments."
}
}
},
"auth_ref": [
"r116",
"r127",
"r147",
"r148",
"r149",
"r150",
"r151",
"r152",
"r153",
"r154",
"r155",
"r200",
"r227",
"r235",
"r249",
"r250",
"r251",
"r252",
"r253",
"r255",
"r256",
"r257",
"r379",
"r380",
"r381",
"r382",
"r384",
"r385",
"r386",
"r387",
"r388",
"r848",
"r849",
"r1009",
"r1010",
"r1085",
"r1086"
]
},
"srt_ConsolidationItemsDomain": {
"xbrltype": "domainItemType",
"nsuri": "http://fasb.org/srt/2024",
"localname": "ConsolidationItemsDomain",
"presentation": [
"http://heidrick.com/role/RestructuringScheduleofRestructuringChargesReportableSegmentDetails",
"http://heidrick.com/role/SegmentInformationReconciliationofAdjustedEBITDAfromSegmentstoConsolidatedDetails",
"http://heidrick.com/role/SegmentInformationScheduleofSegmentReportingInformationbySegmentDetail"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Consolidation Items [Domain]",
"label": "Consolidation Items [Domain]",
"documentation": "Components, elimination, non-segment corporate-level activity and reconciling items used in consolidating a parent entity and its subsidiaries or its operating segments."
}
}
},
"auth_ref": [
"r116",
"r127",
"r147",
"r148",
"r149",
"r150",
"r151",
"r152",
"r153",
"r154",
"r155",
"r200",
"r227",
"r235",
"r249",
"r250",
"r251",
"r252",
"r253",
"r255",
"r256",
"r257",
"r379",
"r380",
"r381",
"r382",
"r384",
"r385",
"r386",
"r387",
"r388",
"r848",
"r849",
"r1009",
"r1010",
"r1085",
"r1086"
]
},
"hsii_ContingentCompensationMember": {
"xbrltype": "domainItemType",
"nsuri": "http://heidrick.com/20250331",
"localname": "ContingentCompensationMember",
"presentation": [
"http://heidrick.com/role/FinancialInstrumentsandFairValueNarrativeDetails",
"http://heidrick.com/role/FinancialInstrumentsandFairValueScheduleofReconciliationofLevel3AssetsandLiabilitiesDetails"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Contingent Compensation",
"label": "Contingent Compensation [Member]",
"documentation": "Contingent Compensation"
}
}
},
"auth_ref": []
},
"us-gaap_ContractWithCustomerAssetAndLiabilityTableTextBlock": {
"xbrltype": "textBlockItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "ContractWithCustomerAssetAndLiabilityTableTextBlock",
"presentation": [
"http://heidrick.com/role/RevenueTables"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Schedule of Changes in Contract Asset and Liability",
"label": "Contract with Customer, Contract Asset, Contract Liability, and Receivable [Table Text Block]",
"documentation": "Tabular disclosure of receivable, contract asset, and contract liability from contract with customer. Includes, but is not limited to, change in contract asset and contract liability."
}
}
},
"auth_ref": [
"r1091"
]
},
"us-gaap_ContractWithCustomerAssetGross": {
"xbrltype": "monetaryItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "ContractWithCustomerAssetGross",
"crdr": "debit",
"calculation": {
"http://heidrick.com/role/RevenueSummaryofChangesinContractAssetsandLiabilitiesDetails": {
"parentTag": "us-gaap_ContractWithCustomerAssetNet",
"weight": 1.0,
"order": 1.0
}
},
"presentation": [
"http://heidrick.com/role/RevenueSummaryofChangesinContractAssetsandLiabilitiesDetails"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Contract assets",
"label": "Contract with Customer, Asset, before Allowance for Credit Loss",
"documentation": "Amount, before allowance for credit loss, of right to consideration in exchange for good or service transferred to customer, when right is conditioned on something other than passage of time."
}
}
},
"auth_ref": [
"r119",
"r309",
"r1089",
"r1090"
]
},
"us-gaap_ContractWithCustomerAssetNet": {
"xbrltype": "monetaryItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "ContractWithCustomerAssetNet",
"crdr": "debit",
"calculation": {
"http://heidrick.com/role/RevenueSummaryofChangesinContractAssetsandLiabilitiesDetails": {
"parentTag": null,
"weight": null,
"order": null,
"root": true
}
},
"presentation": [
"http://heidrick.com/role/RevenueSummaryofChangesinContractAssetsandLiabilitiesDetails"
],
"lang": {
"en-us": {
"role": {
"totalLabel": "Total contract assets",
"label": "Contract with Customer, Asset, after Allowance for Credit Loss",
"documentation": "Amount, after allowance for credit loss, of right to consideration in exchange for good or service transferred to customer when right is conditioned on something other than passage of time."
}
}
},
"auth_ref": [
"r420",
"r422",
"r442"
]
},
"us-gaap_ContractWithCustomerAssetNetAbstract": {
"xbrltype": "stringItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "ContractWithCustomerAssetNetAbstract",
"presentation": [
"http://heidrick.com/role/RevenueSummaryofChangesinContractAssetsandLiabilitiesDetails"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Contract assets",
"label": "Contract with Customer, Asset, after Allowance for Credit Loss [Abstract]"
}
}
},
"auth_ref": []
},
"us-gaap_ContractWithCustomerAssetNetCurrent": {
"xbrltype": "monetaryItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "ContractWithCustomerAssetNetCurrent",
"crdr": "debit",
"calculation": {
"http://heidrick.com/role/OtherCurrentandNoncurrentAssetsandLiabilitiesScheduleofOtherCurrentAssetsDetails": {
"parentTag": "us-gaap_OtherAssetsCurrent",
"weight": 1.0,
"order": 1.0
}
},
"presentation": [
"http://heidrick.com/role/OtherCurrentandNoncurrentAssetsandLiabilitiesScheduleofOtherCurrentAssetsDetails"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Contract assets",
"label": "Contract with Customer, Asset, after Allowance for Credit Loss, Current",
"documentation": "Amount, after allowance for credit loss, of right to consideration in exchange for good or service transferred to customer when right is conditioned on something other than passage of time, classified as current."
}
}
},
"auth_ref": [
"r420",
"r422",
"r442"
]
},
"us-gaap_ContractWithCustomerLiabilityAbstract": {
"xbrltype": "stringItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "ContractWithCustomerLiabilityAbstract",
"presentation": [
"http://heidrick.com/role/RevenueSummaryofChangesinContractAssetsandLiabilitiesDetails"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Contract liabilities",
"label": "Contract with Customer, Liability [Abstract]"
}
}
},
"auth_ref": []
},
"us-gaap_ContractWithCustomerLiabilityCurrent": {
"xbrltype": "monetaryItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "ContractWithCustomerLiabilityCurrent",
"crdr": "credit",
"presentation": [
"http://heidrick.com/role/RevenueSummaryofChangesinContractAssetsandLiabilitiesDetails"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Deferred revenue",
"label": "Contract with Customer, Liability, Current",
"documentation": "Amount of obligation to transfer good or service to customer for which consideration has been received or is receivable, classified as current."
}
}
},
"auth_ref": [
"r420",
"r421",
"r442"
]
},
"us-gaap_ContractWithCustomerLiabilityRevenueRecognized": {
"xbrltype": "monetaryItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "ContractWithCustomerLiabilityRevenueRecognized",
"crdr": "credit",
"presentation": [
"http://heidrick.com/role/RevenueNarrativeDetails"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Deferred revenue recognized",
"label": "Contract with Customer, Liability, Revenue Recognized",
"documentation": "Amount of revenue recognized that was previously included in balance of obligation to transfer good or service to customer for which consideration from customer has been received or is due."
}
}
},
"auth_ref": [
"r443"
]
},
"us-gaap_ContractWithCustomerPerformanceObligationSatisfiedInPreviousPeriod": {
"xbrltype": "monetaryItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "ContractWithCustomerPerformanceObligationSatisfiedInPreviousPeriod",
"crdr": "credit",
"presentation": [
"http://heidrick.com/role/RevenueNarrativeDetails"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Contract with customer, performance obligation satisfied in previous period",
"label": "Contract with Customer, Performance Obligation Satisfied in Previous Period",
"documentation": "Amount of revenue recognized from performance obligation satisfied or partially satisfied in previous reporting periods. Includes, but is not limited to, change in transaction price."
}
}
},
"auth_ref": [
"r429"
]
},
"hsii_CorporateAndReconcilingItemsMember": {
"xbrltype": "domainItemType",
"nsuri": "http://heidrick.com/20250331",
"localname": "CorporateAndReconcilingItemsMember",
"presentation": [
"http://heidrick.com/role/SegmentInformationReconciliationofAdjustedEBITDAfromSegmentstoConsolidatedDetails"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Total reconciling expenses",
"label": "Corporate And Reconciling Items [Member]",
"documentation": "Corporate And Reconciling Items"
}
}
},
"auth_ref": []
},
"us-gaap_CorporateNonSegmentMember": {
"xbrltype": "domainItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "CorporateNonSegmentMember",
"presentation": [
"http://heidrick.com/role/RestructuringScheduleofRestructuringChargesReportableSegmentDetails",
"http://heidrick.com/role/SegmentInformationReconciliationofAdjustedEBITDAfromSegmentstoConsolidatedDetails",
"http://heidrick.com/role/SegmentInformationScheduleofSegmentReportingInformationbySegmentDetail"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Global Operations Support",
"label": "Segment Reporting, Reconciling Item, Corporate Nonsegment [Member]",
"documentation": "Corporate headquarters or functional department that may not earn revenues or may earn revenues that are only incidental to the activities of the entity and is not considered an operating segment."
}
}
},
"auth_ref": [
"r11",
"r250",
"r251",
"r252",
"r253",
"r256",
"r1035"
]
},
"us-gaap_CostOfGoodsAndServicesSold": {
"xbrltype": "monetaryItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "CostOfGoodsAndServicesSold",
"crdr": "debit",
"calculation": {
"http://heidrick.com/role/CONDENSEDCONSOLIDATEDSTATEMENTSOFCOMPREHENSIVEINCOME": {
"parentTag": "us-gaap_CostsAndExpenses",
"weight": 1.0,
"order": 1.0
},
"http://heidrick.com/role/SegmentInformationReconciliationofAdjustedEBITDAfromSegmentstoConsolidatedDetails": {
"parentTag": "hsii_CostsAndExpensesAdjusted",
"weight": 1.0,
"order": 1.0
}
},
"presentation": [
"http://heidrick.com/role/CONDENSEDCONSOLIDATEDSTATEMENTSOFCOMPREHENSIVEINCOME",
"http://heidrick.com/role/SegmentInformationReconciliationofAdjustedEBITDAfromSegmentstoConsolidatedDetails"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Cost of services",
"label": "Cost of Goods and Services Sold",
"documentation": "The aggregate costs related to goods produced and sold and services rendered by an entity during the reporting period. This excludes costs incurred during the reporting period related to financial services rendered and other revenue generating activities."
}
}
},
"auth_ref": [
"r75",
"r76",
"r674"
]
},
"us-gaap_CostOfSalesPolicyTextBlock": {
"xbrltype": "textBlockItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "CostOfSalesPolicyTextBlock",
"presentation": [
"http://heidrick.com/role/SummaryofSignificantAccountingPoliciesPolicies"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Cost of Services",
"label": "Cost of Goods and Service [Policy Text Block]",
"documentation": "Disclosure of accounting policy for cost of product sold and service rendered."
}
}
},
"auth_ref": [
"r997"
]
},
"us-gaap_CostsAndExpenses": {
"xbrltype": "monetaryItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "CostsAndExpenses",
"crdr": "debit",
"calculation": {
"http://heidrick.com/role/CONDENSEDCONSOLIDATEDSTATEMENTSOFCOMPREHENSIVEINCOME": {
"parentTag": "us-gaap_OperatingIncomeLoss",
"weight": -1.0,
"order": 2.0
}
},
"presentation": [
"http://heidrick.com/role/CONDENSEDCONSOLIDATEDSTATEMENTSOFCOMPREHENSIVEINCOME"
],
"lang": {
"en-us": {
"role": {
"totalLabel": "Total operating expenses",
"label": "Costs and Expenses",
"documentation": "Total costs of sales and operating expenses for the period."
}
}
},
"auth_ref": [
"r83"
]
},
"hsii_CostsAndExpensesAdjusted": {
"xbrltype": "monetaryItemType",
"nsuri": "http://heidrick.com/20250331",
"localname": "CostsAndExpensesAdjusted",
"crdr": "debit",
"calculation": {
"http://heidrick.com/role/SegmentInformationReconciliationofAdjustedEBITDAfromSegmentstoConsolidatedDetails": {
"parentTag": null,
"weight": null,
"order": null,
"root": true
}
},
"presentation": [
"http://heidrick.com/role/SegmentInformationReconciliationofAdjustedEBITDAfromSegmentstoConsolidatedDetails"
],
"lang": {
"en-us": {
"role": {
"totalLabel": "Total segment operating expenses",
"label": "Costs And Expenses, Adjusted",
"documentation": "Costs And Expenses, Adjusted"
}
}
},
"auth_ref": []
},
"dei_CoverAbstract": {
"xbrltype": "stringItemType",
"nsuri": "http://xbrl.sec.gov/dei/2024",
"localname": "CoverAbstract",
"lang": {
"en-us": {
"role": {
"label": "Cover [Abstract]",
"documentation": "Cover page."
}
}
},
"auth_ref": []
},
"us-gaap_CreditFacilityAxis": {
"xbrltype": "stringItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "CreditFacilityAxis",
"presentation": [
"http://heidrick.com/role/LineofCreditDetails"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Credit Facility [Axis]",
"label": "Credit Facility [Axis]",
"documentation": "Information by type of credit facility. Credit facilities provide capital to borrowers without the need to structure a loan for each borrowing."
}
}
},
"auth_ref": [
"r378",
"r1083"
]
},
"us-gaap_CreditFacilityDomain": {
"xbrltype": "domainItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "CreditFacilityDomain",
"presentation": [
"http://heidrick.com/role/LineofCreditDetails"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Credit Facility [Domain]",
"label": "Credit Facility [Domain]",
"documentation": "Type of credit facility. Credit facilities provide capital to borrowers without the need to structure a loan for each borrowing."
}
}
},
"auth_ref": [
"r378",
"r1083",
"r1084"
]
},
"us-gaap_CreditLossAbstract": {
"xbrltype": "stringItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "CreditLossAbstract",
"lang": {
"en-us": {
"role": {
"label": "Credit Loss [Abstract]"
}
}
},
"auth_ref": []
},
"hsii_CurrentAccruedSalariesAndBenefitsMember": {
"xbrltype": "domainItemType",
"nsuri": "http://heidrick.com/20250331",
"localname": "CurrentAccruedSalariesAndBenefitsMember",
"presentation": [
"http://heidrick.com/role/FinancialInstrumentsandFairValueNarrativeDetails"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Current Accrued Salaries and Benefits",
"label": "Current Accrued Salaries and Benefits [Member]",
"documentation": "Current Accrued Salaries and Benefits"
}
}
},
"auth_ref": []
},
"dei_CurrentFiscalYearEndDate": {
"xbrltype": "gMonthDayItemType",
"nsuri": "http://xbrl.sec.gov/dei/2024",
"localname": "CurrentFiscalYearEndDate",
"presentation": [
"http://heidrick.com/role/Cover"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Current Fiscal Year End Date",
"label": "Current Fiscal Year End Date",
"documentation": "End date of current fiscal year in the format --MM-DD."
}
}
},
"auth_ref": []
},
"us-gaap_CustomerRelationshipsMember": {
"xbrltype": "domainItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "CustomerRelationshipsMember",
"presentation": [
"http://heidrick.com/role/GoodwillandOtherIntangibleAssetsScheduleofAcquiredFiniteLivedIntangibleAssetsbyMajorClassDetails"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Client relationships",
"label": "Customer Relationships [Member]",
"documentation": "Customer relationship that exists between an entity and its customer, for example, but not limited to, tenant relationships."
}
}
},
"auth_ref": [
"r44",
"r1062",
"r1064",
"r1065",
"r1066",
"r1068",
"r1069",
"r1072",
"r1073"
]
},
"us-gaap_DebtDisclosureAbstract": {
"xbrltype": "stringItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "DebtDisclosureAbstract",
"lang": {
"en-us": {
"role": {
"label": "Debt Disclosure [Abstract]"
}
}
},
"auth_ref": []
},
"us-gaap_DebtDisclosureTextBlock": {
"xbrltype": "textBlockItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "DebtDisclosureTextBlock",
"presentation": [
"http://heidrick.com/role/LineofCredit"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Line of Credit",
"label": "Debt Disclosure [Text Block]",
"documentation": "The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants."
}
}
},
"auth_ref": [
"r97",
"r197",
"r344",
"r345",
"r346",
"r347",
"r348",
"r377",
"r378",
"r390",
"r396",
"r397",
"r398",
"r399",
"r400",
"r401",
"r406",
"r413",
"r414",
"r416",
"r620"
]
},
"us-gaap_DebtInstrumentAxis": {
"xbrltype": "stringItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "DebtInstrumentAxis",
"presentation": [
"http://heidrick.com/role/LineofCreditDetails"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Debt Instrument [Axis]",
"label": "Debt Instrument [Axis]",
"documentation": "Information by type of debt instrument, including, but not limited to, draws against credit facilities."
}
}
},
"auth_ref": [
"r13",
"r55",
"r56",
"r107",
"r110",
"r200",
"r391",
"r392",
"r393",
"r394",
"r395",
"r397",
"r402",
"r403",
"r404",
"r405",
"r407",
"r408",
"r409",
"r410",
"r411",
"r412",
"r858",
"r859",
"r860",
"r861",
"r862",
"r885",
"r1025",
"r1076",
"r1077",
"r1078",
"r1107",
"r1108"
]
},
"us-gaap_DebtInstrumentLineItems": {
"xbrltype": "stringItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "DebtInstrumentLineItems",
"presentation": [
"http://heidrick.com/role/LineofCreditDetails"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Debt Instrument [Line Items]",
"label": "Debt Instrument [Line Items]",
"documentation": "Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table."
}
}
},
"auth_ref": [
"r200",
"r391",
"r392",
"r393",
"r394",
"r395",
"r397",
"r402",
"r403",
"r404",
"r405",
"r407",
"r408",
"r409",
"r410",
"r411",
"r412",
"r415",
"r858",
"r859",
"r860",
"r861",
"r862",
"r885",
"r1025",
"r1107",
"r1108"
]
},
"us-gaap_DebtInstrumentNameDomain": {
"xbrltype": "domainItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "DebtInstrumentNameDomain",
"presentation": [
"http://heidrick.com/role/LineofCreditDetails"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Debt Instrument, Name [Domain]",
"label": "Debt Instrument, Name [Domain]",
"documentation": "The name for the particular debt instrument or borrowing that distinguishes it from other debt instruments or borrowings, including draws against credit facilities."
}
}
},
"auth_ref": [
"r13",
"r200",
"r391",
"r392",
"r393",
"r394",
"r395",
"r397",
"r402",
"r403",
"r404",
"r405",
"r407",
"r408",
"r409",
"r410",
"r411",
"r412",
"r858",
"r859",
"r860",
"r861",
"r862",
"r885",
"r1025",
"r1076",
"r1077",
"r1078",
"r1107",
"r1108"
]
},
"us-gaap_DebtInstrumentTable": {
"xbrltype": "stringItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "DebtInstrumentTable",
"presentation": [
"http://heidrick.com/role/LineofCreditDetails"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Schedule of Long-Term Debt Instruments [Table]",
"label": "Schedule of Long-Term Debt Instruments [Table]",
"documentation": "Disclosure of information about long-term debt instrument or arrangement."
}
}
},
"auth_ref": [
"r13",
"r34",
"r35",
"r51",
"r98",
"r99",
"r200",
"r391",
"r392",
"r393",
"r394",
"r395",
"r397",
"r402",
"r403",
"r404",
"r405",
"r407",
"r408",
"r409",
"r410",
"r411",
"r412",
"r415",
"r858",
"r859",
"r860",
"r861",
"r862",
"r885",
"r1025",
"r1107",
"r1108"
]
},
"us-gaap_DebtSecuritiesAvailableForSaleAmortizedCostExcludingAccruedInterestAfterAllowanceForCreditLoss": {
"xbrltype": "monetaryItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "DebtSecuritiesAvailableForSaleAmortizedCostExcludingAccruedInterestAfterAllowanceForCreditLoss",
"crdr": "debit",
"calculation": {
"http://heidrick.com/role/FinancialInstrumentsandFairValueScheduleofUnrealizedGainLossonInvestmentsDetails": {
"parentTag": null,
"weight": null,
"order": null,
"root": true
}
},
"presentation": [
"http://heidrick.com/role/FinancialInstrumentsandFairValueScheduleofUnrealizedGainLossonInvestmentsDetails"
],
"lang": {
"en-us": {
"role": {
"totalLabel": "Amortized Cost",
"label": "Debt Securities, Available-for-Sale, Amortized Cost, Excluding Accrued Interest, after Allowance for Credit Loss",
"documentation": "Amortized cost excluding accrued interest, after allowance for credit loss, of investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale)."
}
}
},
"auth_ref": [
"r1048"
]
},
"us-gaap_DebtSecuritiesAvailableForSaleExcludingAccruedInterest": {
"xbrltype": "monetaryItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "DebtSecuritiesAvailableForSaleExcludingAccruedInterest",
"crdr": "debit",
"calculation": {
"http://heidrick.com/role/FinancialInstrumentsandFairValueScheduleofUnrealizedGainLossonInvestmentsDetails": {
"parentTag": "us-gaap_DebtSecuritiesAvailableForSaleAmortizedCostExcludingAccruedInterestAfterAllowanceForCreditLoss",
"weight": 1.0,
"order": 2.0
}
},
"presentation": [
"http://heidrick.com/role/FinancialInstrumentsandFairValueScheduleofUnrealizedGainLossonInvestmentsDetails"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Fair Value",
"label": "Debt Securities, Available-for-Sale, Excluding Accrued Interest",
"documentation": "Amount excluding accrued interest, of investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale)."
}
}
},
"auth_ref": [
"r1048"
]
},
"us-gaap_DebtSecuritiesAvailableForSaleUnrealizedLossPositionNumberOfPositions": {
"xbrltype": "integerItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "DebtSecuritiesAvailableForSaleUnrealizedLossPositionNumberOfPositions",
"presentation": [
"http://heidrick.com/role/CreditLossesNarrativeDetails"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Number of positions in unrealized loss",
"label": "Debt Securities, Available-for-Sale, Unrealized Loss Position, Number of Positions",
"documentation": "Number of investments in debt securities measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale), in unrealized loss position, without allowance for credit loss. Includes beneficial interest in securitized financial asset."
}
}
},
"auth_ref": [
"r120",
"r313"
]
},
"us-gaap_DeferredCompensationPlanAssets": {
"xbrltype": "monetaryItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "DeferredCompensationPlanAssets",
"crdr": "debit",
"presentation": [
"http://heidrick.com/role/FinancialInstrumentsandFairValueScheduleofFairValueSeparateAccountInvestmentDetails"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "U.S. non-qualified deferred compensation plan",
"label": "Deferred Compensation Plan Assets",
"documentation": "Carrying amount as of the balance sheet date of assets held under deferred compensation agreements."
}
}
},
"auth_ref": [
"r1012"
]
},
"hsii_DeferredCompensationPlanExpense": {
"xbrltype": "monetaryItemType",
"nsuri": "http://heidrick.com/20250331",
"localname": "DeferredCompensationPlanExpense",
"crdr": "debit",
"calculation": {
"http://heidrick.com/role/SegmentInformationAdjustedEBITDADetails": {
"parentTag": "hsii_EarningsBeforeInterestTaxesDepreciationAndAmortizationAdjustments",
"weight": 1.0,
"order": 3.0
}
},
"presentation": [
"http://heidrick.com/role/SegmentInformationAdjustedEBITDADetails"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Deferred compensation plan",
"label": "Deferred Compensation Plan Expense",
"documentation": "Deferred Compensation Plan Expense"
}
}
},
"auth_ref": []
},
"us-gaap_DeferredCostsCapitalizedPrepaidAndOtherAssetsDisclosureAbstract": {
"xbrltype": "stringItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "DeferredCostsCapitalizedPrepaidAndOtherAssetsDisclosureAbstract",
"lang": {
"en-us": {
"role": {
"label": "Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]"
}
}
},
"auth_ref": []
},
"us-gaap_DeferredIncomeTaxAssetsNet": {
"xbrltype": "monetaryItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "DeferredIncomeTaxAssetsNet",
"crdr": "debit",
"calculation": {
"http://heidrick.com/role/CONDENSEDCONSOLIDATEDBALANCESHEETS": {
"parentTag": "us-gaap_AssetsNoncurrent",
"weight": 1.0,
"order": 5.0
}
},
"presentation": [
"http://heidrick.com/role/CONDENSEDCONSOLIDATEDBALANCESHEETS"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Deferred income taxes",
"label": "Deferred Income Tax Assets, Net",
"documentation": "Amount, after allocation of valuation allowances and deferred tax liability, of deferred tax asset attributable to deductible differences and carryforwards, with jurisdictional netting."
}
}
},
"auth_ref": [
"r552",
"r553"
]
},
"us-gaap_DeferredIncomeTaxLiabilitiesNet": {
"xbrltype": "monetaryItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "DeferredIncomeTaxLiabilitiesNet",
"crdr": "credit",
"calculation": {
"http://heidrick.com/role/CONDENSEDCONSOLIDATEDBALANCESHEETS": {
"parentTag": "us-gaap_LiabilitiesNoncurrent",
"weight": 1.0,
"order": 3.0
}
},
"presentation": [
"http://heidrick.com/role/CONDENSEDCONSOLIDATEDBALANCESHEETS"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Deferred income taxes",
"label": "Deferred Income Tax Liabilities, Net",
"documentation": "Amount, after deferred tax asset, of deferred tax liability attributable to taxable differences with jurisdictional netting."
}
}
},
"auth_ref": [
"r552",
"r553",
"r715"
]
},
"us-gaap_DeferredIncomeTaxesAndTaxCredits": {
"xbrltype": "monetaryItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "DeferredIncomeTaxesAndTaxCredits",
"crdr": "debit",
"calculation": {
"http://heidrick.com/role/CONDENSEDCONSOLIDATEDSTATEMENTSOFCASHFLOWS": {
"parentTag": "us-gaap_NetCashProvidedByUsedInOperatingActivities",
"weight": 1.0,
"order": 6.0
}
},
"presentation": [
"http://heidrick.com/role/CONDENSEDCONSOLIDATEDSTATEMENTSOFCASHFLOWS"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Deferred income taxes",
"label": "Deferred Income Taxes and Tax Credits",
"documentation": "Amount of deferred income tax expense (benefit) and income tax credits."
}
}
},
"auth_ref": [
"r88"
]
},
"us-gaap_DeferredRevenueCurrent": {
"xbrltype": "monetaryItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "DeferredRevenueCurrent",
"crdr": "credit",
"calculation": {
"http://heidrick.com/role/CONDENSEDCONSOLIDATEDBALANCESHEETS": {
"parentTag": "us-gaap_LiabilitiesCurrent",
"weight": 1.0,
"order": 6.0
}
},
"presentation": [
"http://heidrick.com/role/CONDENSEDCONSOLIDATEDBALANCESHEETS"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Deferred revenue",
"label": "Deferred Revenue, Current",
"documentation": "Amount of deferred income and obligation to transfer product and service to customer for which consideration has been received or is receivable, classified as current."
}
}
},
"auth_ref": [
"r1014"
]
},
"us-gaap_DefinedBenefitPlanAssetsForPlanBenefitsNoncurrent": {
"xbrltype": "monetaryItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "DefinedBenefitPlanAssetsForPlanBenefitsNoncurrent",
"crdr": "debit",
"calculation": {
"http://heidrick.com/role/CONDENSEDCONSOLIDATEDBALANCESHEETS": {
"parentTag": "us-gaap_AssetsNoncurrent",
"weight": 1.0,
"order": 1.0
}
},
"presentation": [
"http://heidrick.com/role/CONDENSEDCONSOLIDATEDBALANCESHEETS"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Assets designated for retirement and pension plans",
"label": "Assets for Plan Benefits, Defined Benefit Plan",
"documentation": "Amount of asset, recognized in statement of financial position, for overfunded defined benefit pension and other postretirement plans."
}
}
},
"auth_ref": [
"r105",
"r445",
"r446",
"r467",
"r784",
"r867",
"r1124"
]
},
"us-gaap_DefinedBenefitPlanBenefitObligation": {
"xbrltype": "monetaryItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "DefinedBenefitPlanBenefitObligation",
"crdr": "credit",
"presentation": [
"http://heidrick.com/role/FinancialInstrumentsandFairValueScheduleofFairValueSeparateAccountInvestmentDetails"
],
"lang": {
"en-us": {
"role": {
"negatedTerseLabel": "Pension benefit obligation",
"label": "Defined Benefit Plan, Benefit Obligation",
"documentation": "Amount of actuarial present value of benefits attributed to service rendered by employee for defined benefit plan."
}
}
},
"auth_ref": [
"r447"
]
},
"us-gaap_DefinedBenefitPlanFairValueOfPlanAssets": {
"xbrltype": "monetaryItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "DefinedBenefitPlanFairValueOfPlanAssets",
"crdr": "debit",
"presentation": [
"http://heidrick.com/role/FinancialInstrumentsandFairValueScheduleofFairValueSeparateAccountInvestmentDetails"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Retirement and pension plan assets",
"label": "Defined Benefit Plan, Plan Assets, Amount",
"documentation": "Amount of asset segregated and restricted to provide benefit under defined benefit plan. Asset includes, but is not limited to, stock, bond, other investment, earning from investment, and contribution by employer and employee."
}
}
},
"auth_ref": [
"r458",
"r469",
"r470",
"r471",
"r865",
"r866",
"r867"
]
},
"us-gaap_Depreciation": {
"xbrltype": "monetaryItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "Depreciation",
"crdr": "debit",
"calculation": {
"http://heidrick.com/role/SegmentInformationAdjustedEBITDADetails": {
"parentTag": "hsii_EarningsBeforeInterestTaxesDepreciationAndAmortizationAdjustments",
"weight": 1.0,
"order": 5.0
}
},
"presentation": [
"http://heidrick.com/role/PropertyandEquipmentnetNarrativeDetails",
"http://heidrick.com/role/SegmentInformationAdjustedEBITDADetails"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Depreciation",
"label": "Depreciation",
"documentation": "The amount of expense recognized in the current period that reflects the allocation of the cost of tangible assets over the assets' useful lives. Includes production and non-production related depreciation."
}
}
},
"auth_ref": [
"r7",
"r28"
]
},
"us-gaap_DepreciationDepletionAndAmortization": {
"xbrltype": "monetaryItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "DepreciationDepletionAndAmortization",
"crdr": "debit",
"calculation": {
"http://heidrick.com/role/CONDENSEDCONSOLIDATEDSTATEMENTSOFCASHFLOWS": {
"parentTag": "us-gaap_NetCashProvidedByUsedInOperatingActivities",
"weight": 1.0,
"order": 14.0
}
},
"presentation": [
"http://heidrick.com/role/CONDENSEDCONSOLIDATEDSTATEMENTSOFCASHFLOWS",
"http://heidrick.com/role/SegmentInformationScheduleofSegmentReportingInformationbySegmentDetail"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Depreciation and amortization",
"label": "Depreciation, Depletion and Amortization",
"documentation": "The aggregate expense recognized in the current period that allocates the cost of tangible assets, intangible assets, or depleting assets to periods that benefit from use of the assets."
}
}
},
"auth_ref": [
"r7",
"r227",
"r238",
"r255",
"r848",
"r849"
]
},
"us-gaap_DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock": {
"xbrltype": "textBlockItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock",
"presentation": [
"http://heidrick.com/role/StockBasedCompensationandCommonStock"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Stock-Based Compensation and Common Stock",
"label": "Share-Based Payment Arrangement [Text Block]",
"documentation": "The entire disclosure for share-based payment arrangement."
}
}
},
"auth_ref": [
"r509",
"r514",
"r543",
"r544",
"r546",
"r873"
]
},
"us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract": {
"xbrltype": "stringItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract",
"lang": {
"en-us": {
"role": {
"label": "Share-Based Payment Arrangement [Abstract]"
}
}
},
"auth_ref": []
},
"us-gaap_DividendsCommonStockCash": {
"xbrltype": "monetaryItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "DividendsCommonStockCash",
"crdr": "debit",
"presentation": [
"http://heidrick.com/role/CONDENSEDCONSOLIDATEDSTATEMENTSOFCHANGESINSTOCKHOLDERSEQUITY"
],
"lang": {
"en-us": {
"role": {
"negatedTerseLabel": "Cash dividends declared ($0.15 per share)",
"label": "Dividends, Common Stock, Cash",
"documentation": "Amount of paid and unpaid common stock dividends declared with the form of settlement in cash."
}
}
},
"auth_ref": [
"r100"
]
},
"us-gaap_DividendsShareBasedCompensationCash": {
"xbrltype": "monetaryItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "DividendsShareBasedCompensationCash",
"crdr": "debit",
"presentation": [
"http://heidrick.com/role/CONDENSEDCONSOLIDATEDSTATEMENTSOFCHANGESINSTOCKHOLDERSEQUITY"
],
"lang": {
"en-us": {
"role": {
"negatedTerseLabel": "Dividend equivalents on restricted stock units",
"label": "Dividend, Share-Based Payment Arrangement, Cash",
"documentation": "Amount of paid and unpaid cash dividends declared for award under share-based payment arrangement."
}
}
},
"auth_ref": []
},
"dei_DocumentFiscalPeriodFocus": {
"xbrltype": "fiscalPeriodItemType",
"nsuri": "http://xbrl.sec.gov/dei/2024",
"localname": "DocumentFiscalPeriodFocus",
"presentation": [
"http://heidrick.com/role/Cover"
],
"lang": {
"en-us": {
"role": {
"verboseLabel": "Document Fiscal Period Focus",
"label": "Document Fiscal Period Focus",
"documentation": "Fiscal period values are FY, Q1, Q2, and Q3. 1st, 2nd and 3rd quarter 10-Q or 10-QT statements have value Q1, Q2, and Q3 respectively, with 10-K, 10-KT or other fiscal year statements having FY."
}
}
},
"auth_ref": []
},
"dei_DocumentFiscalYearFocus": {
"xbrltype": "gYearItemType",
"nsuri": "http://xbrl.sec.gov/dei/2024",
"localname": "DocumentFiscalYearFocus",
"presentation": [
"http://heidrick.com/role/Cover"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Document Fiscal Year Focus",
"label": "Document Fiscal Year Focus",
"documentation": "This is focus fiscal year of the document report in YYYY format. For a 2006 annual report, which may also provide financial information from prior periods, fiscal 2006 should be given as the fiscal year focus. Example: 2006."
}
}
},
"auth_ref": []
},
"dei_DocumentPeriodEndDate": {
"xbrltype": "dateItemType",
"nsuri": "http://xbrl.sec.gov/dei/2024",
"localname": "DocumentPeriodEndDate",
"presentation": [
"http://heidrick.com/role/Cover"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Document Period End Date",
"label": "Document Period End Date",
"documentation": "For the EDGAR submission types of Form 8-K: the date of the report, the date of the earliest event reported; for the EDGAR submission types of Form N-1A: the filing date; for all other submission types: the end of the reporting or transition period. The format of the date is YYYY-MM-DD."
}
}
},
"auth_ref": []
},
"dei_DocumentQuarterlyReport": {
"xbrltype": "booleanItemType",
"nsuri": "http://xbrl.sec.gov/dei/2024",
"localname": "DocumentQuarterlyReport",
"presentation": [
"http://heidrick.com/role/Cover"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Document Quarterly Report",
"label": "Document Quarterly Report",
"documentation": "Boolean flag that is true only for a form used as an quarterly report."
}
}
},
"auth_ref": [
"r913"
]
},
"dei_DocumentTransitionReport": {
"xbrltype": "booleanItemType",
"nsuri": "http://xbrl.sec.gov/dei/2024",
"localname": "DocumentTransitionReport",
"presentation": [
"http://heidrick.com/role/Cover"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Document Transition Report",
"label": "Document Transition Report",
"documentation": "Boolean flag that is true only for a form used as a transition report."
}
}
},
"auth_ref": [
"r945"
]
},
"dei_DocumentType": {
"xbrltype": "submissionTypeItemType",
"nsuri": "http://xbrl.sec.gov/dei/2024",
"localname": "DocumentType",
"presentation": [
"http://heidrick.com/role/Cover"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Document Type",
"label": "Document Type",
"documentation": "The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'."
}
}
},
"auth_ref": []
},
"ecd_DvddsOrOthrErngsPdOnEqtyAwrdsNtOthrwsRflctdInTtlCompForCvrdYrMember": {
"xbrltype": "domainItemType",
"nsuri": "http://xbrl.sec.gov/ecd/2024",
"localname": "DvddsOrOthrErngsPdOnEqtyAwrdsNtOthrwsRflctdInTtlCompForCvrdYrMember",
"presentation": [
"http://xbrl.sec.gov/ecd/role/PvpDisclosure"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Dividends or Other Earnings Paid on Equity Awards not Otherwise Reflected in Total Compensation for Covered Year",
"label": "Dividends or Other Earnings Paid on Equity Awards not Otherwise Reflected in Total Compensation for Covered Year [Member]"
}
}
},
"auth_ref": [
"r956"
]
},
"hsii_EarningsBeforeInterestTaxesDepreciationAndAmortizationAdjustments": {
"xbrltype": "monetaryItemType",
"nsuri": "http://heidrick.com/20250331",
"localname": "EarningsBeforeInterestTaxesDepreciationAndAmortizationAdjustments",
"crdr": "debit",
"calculation": {
"http://heidrick.com/role/SegmentInformationAdjustedEBITDADetails": {
"parentTag": "us-gaap_OperatingIncomeLoss",
"weight": -1.0,
"order": 1.0
}
},
"presentation": [
"http://heidrick.com/role/SegmentInformationAdjustedEBITDADetails"
],
"lang": {
"en-us": {
"role": {
"totalLabel": "Total adjustments",
"label": "Earnings Before Interest, Taxes, Depreciation and Amortization, Adjustments",
"documentation": "Earnings Before Interest, Taxes, Depreciation and Amortization, Adjustments"
}
}
},
"auth_ref": []
},
"us-gaap_EarningsPerShareAbstract": {
"xbrltype": "stringItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "EarningsPerShareAbstract",
"presentation": [
"http://heidrick.com/role/CONDENSEDCONSOLIDATEDSTATEMENTSOFCOMPREHENSIVEINCOME"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Earnings per common share",
"label": "Earnings Per Share [Abstract]"
}
}
},
"auth_ref": []
},
"us-gaap_EarningsPerShareBasic": {
"xbrltype": "perShareItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "EarningsPerShareBasic",
"presentation": [
"http://heidrick.com/role/CONDENSEDCONSOLIDATEDSTATEMENTSOFCOMPREHENSIVEINCOME",
"http://heidrick.com/role/SummaryofSignificantAccountingPoliciesScheduleofEarningsperShareDetails"
],
"lang": {
"en-us": {
"role": {
"verboseLabel": "Basic (in dollars per share)",
"terseLabel": "Basic earnings (loss) per share (in dollars per share)",
"label": "Earnings Per Share, Basic",
"documentation": "The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period."
}
}
},
"auth_ref": [
"r191",
"r206",
"r207",
"r208",
"r209",
"r210",
"r211",
"r215",
"r217",
"r222",
"r223",
"r224",
"r226",
"r571",
"r575",
"r588",
"r589",
"r711",
"r729",
"r841"
]
},
"us-gaap_EarningsPerShareDiluted": {
"xbrltype": "perShareItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "EarningsPerShareDiluted",
"presentation": [
"http://heidrick.com/role/CONDENSEDCONSOLIDATEDSTATEMENTSOFCOMPREHENSIVEINCOME",
"http://heidrick.com/role/SummaryofSignificantAccountingPoliciesScheduleofEarningsperShareDetails"
],
"lang": {
"en-us": {
"role": {
"verboseLabel": "Diluted (in dollars per share)",
"terseLabel": "Diluted earnings (loss) per share (in dollars per share)",
"label": "Earnings Per Share, Diluted",
"documentation": "The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period."
}
}
},
"auth_ref": [
"r191",
"r206",
"r207",
"r208",
"r209",
"r210",
"r211",
"r217",
"r222",
"r223",
"r224",
"r226",
"r571",
"r575",
"r588",
"r589",
"r711",
"r729",
"r841"
]
},
"us-gaap_EarningsPerSharePolicyTextBlock": {
"xbrltype": "textBlockItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "EarningsPerSharePolicyTextBlock",
"presentation": [
"http://heidrick.com/role/SummaryofSignificantAccountingPoliciesPolicies"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Earnings per Common Share",
"label": "Earnings Per Share, Policy [Policy Text Block]",
"documentation": "Disclosure of accounting policy for computing basic and diluted earnings or loss per share for each class of common stock and participating security. Addresses all significant policy factors, including any antidilutive items that have been excluded from the computation and takes into account stock dividends, splits and reverse splits that occur after the balance sheet date of the latest reporting period but before the issuance of the financial statements."
}
}
},
"auth_ref": [
"r21",
"r22",
"r225"
]
},
"hsii_EarnoutFairValueAdjustments": {
"xbrltype": "monetaryItemType",
"nsuri": "http://heidrick.com/20250331",
"localname": "EarnoutFairValueAdjustments",
"crdr": "credit",
"calculation": {
"http://heidrick.com/role/SegmentInformationAdjustedEBITDADetails": {
"parentTag": "hsii_EarningsBeforeInterestTaxesDepreciationAndAmortizationAdjustments",
"weight": -1.0,
"order": 4.0
}
},
"presentation": [
"http://heidrick.com/role/SegmentInformationAdjustedEBITDADetails"
],
"lang": {
"en-us": {
"role": {
"negatedTerseLabel": "Earnout fair value adjustments",
"label": "Earnout Fair Value Adjustments",
"documentation": "Earnout Fair Value Adjustments"
}
}
},
"auth_ref": []
},
"us-gaap_EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents": {
"xbrltype": "monetaryItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents",
"crdr": "debit",
"calculation": {
"http://heidrick.com/role/CONDENSEDCONSOLIDATEDSTATEMENTSOFCASHFLOWS": {
"parentTag": "us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect",
"weight": 1.0,
"order": 4.0
}
},
"presentation": [
"http://heidrick.com/role/CONDENSEDCONSOLIDATEDSTATEMENTSOFCASHFLOWS"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Effect of exchange rate fluctuations on cash, cash equivalents and restricted cash",
"label": "Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents, Continuing Operations",
"documentation": "Amount of increase (decrease) from effect of exchange rate changes on cash and cash equivalents, and cash and cash equivalents restricted to withdrawal or usage; held in foreign currencies. Excludes amounts for disposal group and discontinued operations. Cash includes, but is not limited to, currency on hand, demand deposits with banks or financial institutions, and other accounts with general characteristics of demand deposits. Cash equivalents include, but are not limited to, short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates."
}
}
},
"auth_ref": [
"r613"
]
},
"us-gaap_EffectiveIncomeTaxRateContinuingOperations": {
"xbrltype": "percentItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "EffectiveIncomeTaxRateContinuingOperations",
"presentation": [
"http://heidrick.com/role/IncomeTaxesDetails"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Effective income tax rate reconciliation, percent",
"label": "Effective Income Tax Rate Reconciliation, Percent",
"documentation": "Percentage of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations."
}
}
},
"auth_ref": [
"r555",
"r874"
]
},
"us-gaap_EmployeeRelatedLiabilitiesCurrent": {
"xbrltype": "monetaryItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "EmployeeRelatedLiabilitiesCurrent",
"crdr": "credit",
"calculation": {
"http://heidrick.com/role/CONDENSEDCONSOLIDATEDBALANCESHEETS": {
"parentTag": "us-gaap_LiabilitiesCurrent",
"weight": 1.0,
"order": 2.0
}
},
"presentation": [
"http://heidrick.com/role/CONDENSEDCONSOLIDATEDBALANCESHEETS"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Accrued salaries and benefits",
"label": "Employee-related Liabilities, Current",
"documentation": "Total of the carrying values as of the balance sheet date of obligations incurred through that date and payable for obligations related to services received from employees, such as accrued salaries and bonuses, payroll taxes and fringe benefits. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer)."
}
}
},
"auth_ref": [
"r56"
]
},
"us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized": {
"xbrltype": "monetaryItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized",
"crdr": "debit",
"presentation": [
"http://heidrick.com/role/StockBasedCompensationandCommonStockNarrativeDetails"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Unrecognized compensation expense",
"label": "Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount",
"documentation": "Amount of cost not yet recognized for nonvested award under share-based payment arrangement."
}
}
},
"auth_ref": [
"r545"
]
},
"us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1": {
"xbrltype": "durationItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1",
"presentation": [
"http://heidrick.com/role/StockBasedCompensationandCommonStockNarrativeDetails"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Period for recognition (in years)",
"label": "Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition",
"documentation": "Weighted-average period over which cost not yet recognized is expected to be recognized for award under share-based payment arrangement, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents reported fact of one year, five months, and thirteen days."
}
}
},
"auth_ref": [
"r545"
]
},
"us-gaap_EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense": {
"xbrltype": "monetaryItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense",
"crdr": "credit",
"presentation": [
"http://heidrick.com/role/StockBasedCompensationandCommonStockSummaryofInformationRelatedtoStockbasedCompensationDetails"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Income tax benefit related to stock-based compensation included in net income",
"label": "Share-Based Payment Arrangement, Expense, Tax Benefit",
"documentation": "Amount of tax benefit for recognition of expense of award under share-based payment arrangement."
}
}
},
"auth_ref": [
"r542"
]
},
"us-gaap_EmployeeSeveranceMember": {
"xbrltype": "domainItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "EmployeeSeveranceMember",
"presentation": [
"http://heidrick.com/role/RestructuringScheduleofRestructuringAccrualDetails",
"http://heidrick.com/role/RestructuringScheduleofRestructuringChargesReportableSegmentDetails"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Employee Related",
"label": "Employee Severance [Member]",
"documentation": "Termination of an employee associated with exit from or disposal of business activities or restructurings pursuant to a plan."
}
}
},
"auth_ref": []
},
"us-gaap_EmployeeStockOptionMember": {
"xbrltype": "domainItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "EmployeeStockOptionMember",
"presentation": [
"http://xbrl.sec.gov/ecd/role/AwardTimingDisclosure"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Employee Stock Option",
"label": "Share-Based Payment Arrangement, Option [Member]",
"documentation": "Share-based payment arrangement granting right, subject to vesting and other restrictions, to purchase or sell certain number of shares at predetermined price for specified period of time."
}
}
},
"auth_ref": []
},
"dei_EntityAddressAddressLine1": {
"xbrltype": "normalizedStringItemType",
"nsuri": "http://xbrl.sec.gov/dei/2024",
"localname": "EntityAddressAddressLine1",
"presentation": [
"http://heidrick.com/role/Cover"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Entity Address, Address Line One",
"label": "Entity Address, Address Line One",
"documentation": "Address Line 1 such as Attn, Building Name, Street Name"
}
}
},
"auth_ref": []
},
"dei_EntityAddressAddressLine2": {
"xbrltype": "normalizedStringItemType",
"nsuri": "http://xbrl.sec.gov/dei/2024",
"localname": "EntityAddressAddressLine2",
"presentation": [
"http://heidrick.com/role/Cover"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Entity Address, Address Line Two",
"label": "Entity Address, Address Line Two",
"documentation": "Address Line 2 such as Street or Suite number"
}
}
},
"auth_ref": []
},
"dei_EntityAddressCityOrTown": {
"xbrltype": "normalizedStringItemType",
"nsuri": "http://xbrl.sec.gov/dei/2024",
"localname": "EntityAddressCityOrTown",
"presentation": [
"http://heidrick.com/role/Cover"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Entity Address, City or Town",
"label": "Entity Address, City or Town",
"documentation": "Name of the City or Town"
}
}
},
"auth_ref": []
},
"dei_EntityAddressPostalZipCode": {
"xbrltype": "normalizedStringItemType",
"nsuri": "http://xbrl.sec.gov/dei/2024",
"localname": "EntityAddressPostalZipCode",
"presentation": [
"http://heidrick.com/role/Cover"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Entity Address, Postal Zip Code",
"label": "Entity Address, Postal Zip Code",
"documentation": "Code for the postal or zip code"
}
}
},
"auth_ref": []
},
"dei_EntityAddressStateOrProvince": {
"xbrltype": "stateOrProvinceItemType",
"nsuri": "http://xbrl.sec.gov/dei/2024",
"localname": "EntityAddressStateOrProvince",
"presentation": [
"http://heidrick.com/role/Cover"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Entity Address, State or Province",
"label": "Entity Address, State or Province",
"documentation": "Name of the state or province."
}
}
},
"auth_ref": []
},
"dei_EntityCentralIndexKey": {
"xbrltype": "centralIndexKeyItemType",
"nsuri": "http://xbrl.sec.gov/dei/2024",
"localname": "EntityCentralIndexKey",
"presentation": [
"http://heidrick.com/role/Cover"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Entity Central Index Key",
"label": "Entity Central Index Key",
"documentation": "A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK."
}
}
},
"auth_ref": [
"r911"
]
},
"dei_EntityCommonStockSharesOutstanding": {
"xbrltype": "sharesItemType",
"nsuri": "http://xbrl.sec.gov/dei/2024",
"localname": "EntityCommonStockSharesOutstanding",
"presentation": [
"http://heidrick.com/role/Cover"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Entity Common Stock, Shares Outstanding",
"label": "Entity Common Stock, Shares Outstanding",
"documentation": "Indicate number of shares or other units outstanding of each of registrant's classes of capital or common stock or other ownership interests, if and as stated on cover of related periodic report. Where multiple classes or units exist define each class/interest by adding class of stock items such as Common Class A [Member], Common Class B [Member] or Partnership Interest [Member] onto the Instrument [Domain] of the Entity Listings, Instrument."
}
}
},
"auth_ref": []
},
"dei_EntityCurrentReportingStatus": {
"xbrltype": "yesNoItemType",
"nsuri": "http://xbrl.sec.gov/dei/2024",
"localname": "EntityCurrentReportingStatus",
"presentation": [
"http://heidrick.com/role/Cover"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Entity Current Reporting Status",
"label": "Entity Current Reporting Status",
"documentation": "Indicate 'Yes' or 'No' whether registrants (1) have filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that registrants were required to file such reports), and (2) have been subject to such filing requirements for the past 90 days. This information should be based on the registrant's current or most recent filing containing the related disclosure."
}
}
},
"auth_ref": []
},
"dei_EntityEmergingGrowthCompany": {
"xbrltype": "booleanItemType",
"nsuri": "http://xbrl.sec.gov/dei/2024",
"localname": "EntityEmergingGrowthCompany",
"presentation": [
"http://heidrick.com/role/Cover"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Entity Emerging Growth Company",
"label": "Entity Emerging Growth Company",
"documentation": "Indicate if registrant meets the emerging growth company criteria."
}
}
},
"auth_ref": [
"r911"
]
},
"dei_EntityFileNumber": {
"xbrltype": "fileNumberItemType",
"nsuri": "http://xbrl.sec.gov/dei/2024",
"localname": "EntityFileNumber",
"presentation": [
"http://heidrick.com/role/Cover"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Entity File Number",
"label": "Entity File Number",
"documentation": "Commission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen."
}
}
},
"auth_ref": []
},
"dei_EntityFilerCategory": {
"xbrltype": "filerCategoryItemType",
"nsuri": "http://xbrl.sec.gov/dei/2024",
"localname": "EntityFilerCategory",
"presentation": [
"http://heidrick.com/role/Cover"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Entity Filer Category",
"label": "Entity Filer Category",
"documentation": "Indicate whether the registrant is one of the following: Large Accelerated Filer, Accelerated Filer, Non-accelerated Filer. Definitions of these categories are stated in Rule 12b-2 of the Exchange Act. This information should be based on the registrant's current or most recent filing containing the related disclosure."
}
}
},
"auth_ref": [
"r911"
]
},
"dei_EntityIncorporationStateCountryCode": {
"xbrltype": "edgarStateCountryItemType",
"nsuri": "http://xbrl.sec.gov/dei/2024",
"localname": "EntityIncorporationStateCountryCode",
"presentation": [
"http://heidrick.com/role/Cover"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Entity Incorporation, State or Country Code",
"label": "Entity Incorporation, State or Country Code",
"documentation": "Two-character EDGAR code representing the state or country of incorporation."
}
}
},
"auth_ref": []
},
"dei_EntityInteractiveDataCurrent": {
"xbrltype": "yesNoItemType",
"nsuri": "http://xbrl.sec.gov/dei/2024",
"localname": "EntityInteractiveDataCurrent",
"presentation": [
"http://heidrick.com/role/Cover"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Entity Interactive Data Current",
"label": "Entity Interactive Data Current",
"documentation": "Boolean flag that is true when the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required to submit such files)."
}
}
},
"auth_ref": [
"r995"
]
},
"dei_EntityRegistrantName": {
"xbrltype": "normalizedStringItemType",
"nsuri": "http://xbrl.sec.gov/dei/2024",
"localname": "EntityRegistrantName",
"presentation": [
"http://heidrick.com/role/Cover"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Entity Registrant Name",
"label": "Entity Registrant Name",
"documentation": "The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC."
}
}
},
"auth_ref": [
"r911"
]
},
"dei_EntityShellCompany": {
"xbrltype": "booleanItemType",
"nsuri": "http://xbrl.sec.gov/dei/2024",
"localname": "EntityShellCompany",
"presentation": [
"http://heidrick.com/role/Cover"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Entity Shell Company",
"label": "Entity Shell Company",
"documentation": "Boolean flag that is true when the registrant is a shell company as defined in Rule 12b-2 of the Exchange Act."
}
}
},
"auth_ref": [
"r911"
]
},
"dei_EntitySmallBusiness": {
"xbrltype": "booleanItemType",
"nsuri": "http://xbrl.sec.gov/dei/2024",
"localname": "EntitySmallBusiness",
"presentation": [
"http://heidrick.com/role/Cover"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Entity Small Business",
"label": "Entity Small Business",
"documentation": "Indicates that the company is a Smaller Reporting Company (SRC)."
}
}
},
"auth_ref": [
"r911"
]
},
"dei_EntityTaxIdentificationNumber": {
"xbrltype": "employerIdItemType",
"nsuri": "http://xbrl.sec.gov/dei/2024",
"localname": "EntityTaxIdentificationNumber",
"presentation": [
"http://heidrick.com/role/Cover"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Entity Tax Identification Number",
"label": "Entity Tax Identification Number",
"documentation": "The Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS."
}
}
},
"auth_ref": [
"r911"
]
},
"ecd_EqtyAwrdsAdjFnTextBlock": {
"xbrltype": "textBlockItemType",
"nsuri": "http://xbrl.sec.gov/ecd/2024",
"localname": "EqtyAwrdsAdjFnTextBlock",
"presentation": [
"http://xbrl.sec.gov/ecd/role/PvpDisclosure"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Equity Awards Adjustments, Footnote",
"label": "Equity Awards Adjustments, Footnote [Text Block]"
}
}
},
"auth_ref": [
"r950"
]
},
"ecd_EqtyAwrdsAdjsExclgValRprtdInSummryCompstnTblMember": {
"xbrltype": "domainItemType",
"nsuri": "http://xbrl.sec.gov/ecd/2024",
"localname": "EqtyAwrdsAdjsExclgValRprtdInSummryCompstnTblMember",
"presentation": [
"http://xbrl.sec.gov/ecd/role/PvpDisclosure"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Equity Awards Adjustments, Excluding Value Reported in Compensation Table",
"label": "Equity Awards Adjustments, Excluding Value Reported in the Compensation Table [Member]"
}
}
},
"auth_ref": [
"r991"
]
},
"ecd_EqtyAwrdsAdjsMember": {
"xbrltype": "domainItemType",
"nsuri": "http://xbrl.sec.gov/ecd/2024",
"localname": "EqtyAwrdsAdjsMember",
"presentation": [
"http://xbrl.sec.gov/ecd/role/PvpDisclosure"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Equity Awards Adjustments",
"label": "Equity Awards Adjustments [Member]"
}
}
},
"auth_ref": [
"r991"
]
},
"ecd_EqtyAwrdsInSummryCompstnTblForAplblYrMember": {
"xbrltype": "domainItemType",
"nsuri": "http://xbrl.sec.gov/ecd/2024",
"localname": "EqtyAwrdsInSummryCompstnTblForAplblYrMember",
"presentation": [
"http://xbrl.sec.gov/ecd/role/PvpDisclosure"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table",
"label": "Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table [Member]"
}
}
},
"auth_ref": [
"r991"
]
},
"us-gaap_EquipmentMember": {
"xbrltype": "domainItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "EquipmentMember",
"presentation": [
"http://heidrick.com/role/LeasesNarrativeDetails"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Equipment",
"label": "Equipment [Member]",
"documentation": "Tangible personal property used to produce goods and services."
}
}
},
"auth_ref": []
},
"us-gaap_EquityAbstract": {
"xbrltype": "stringItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "EquityAbstract",
"lang": {
"en-us": {
"role": {
"label": "Equity [Abstract]"
}
}
},
"auth_ref": []
},
"us-gaap_EquityComponentDomain": {
"xbrltype": "domainItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "EquityComponentDomain",
"presentation": [
"http://heidrick.com/role/CONDENSEDCONSOLIDATEDSTATEMENTSOFCHANGESINSTOCKHOLDERSEQUITY",
"http://heidrick.com/role/ChangesinAccumulatedOtherComprehensiveIncomeLossDetails"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Equity Component [Domain]",
"label": "Equity Component [Domain]",
"documentation": "Components of equity are the parts of the total Equity balance including that which is allocated to common, preferred, treasury stock, retained earnings, etc."
}
}
},
"auth_ref": [
"r10",
"r158",
"r185",
"r186",
"r187",
"r201",
"r202",
"r203",
"r205",
"r210",
"r212",
"r214",
"r228",
"r300",
"r301",
"r342",
"r419",
"r561",
"r562",
"r568",
"r569",
"r570",
"r572",
"r574",
"r575",
"r580",
"r581",
"r582",
"r583",
"r584",
"r585",
"r587",
"r614",
"r615",
"r616",
"r617",
"r618",
"r619",
"r621",
"r623",
"r639",
"r725",
"r744",
"r745",
"r746",
"r756",
"r810"
]
},
"us-gaap_EquitySecuritiesWithoutReadilyDeterminableFairValueAmount": {
"xbrltype": "monetaryItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "EquitySecuritiesWithoutReadilyDeterminableFairValueAmount",
"crdr": "debit",
"presentation": [
"http://heidrick.com/role/FinancialInstrumentsandFairValueNarrativeDetails"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Equity investment without readily determinable fair value, amount",
"label": "Equity Securities without Readily Determinable Fair Value, Amount",
"documentation": "Amount of investment in equity security without readily determinable fair value."
}
}
},
"auth_ref": [
"r297"
]
},
"us-gaap_EquitySecuritiesWithoutReadilyDeterminableFairValueImpairmentLossAnnualAmount": {
"xbrltype": "monetaryItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "EquitySecuritiesWithoutReadilyDeterminableFairValueImpairmentLossAnnualAmount",
"crdr": "debit",
"presentation": [
"http://heidrick.com/role/FinancialInstrumentsandFairValueNarrativeDetails"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Equity investment without readily determinable fair value, impairment loss",
"label": "Equity Securities without Readily Determinable Fair Value, Impairment Loss, Annual Amount",
"documentation": "Amount of impairment loss on investment in equity security without readily determinable fair value."
}
}
},
"auth_ref": [
"r298"
]
},
"ecd_EquityValuationAssumptionDifferenceFnTextBlock": {
"xbrltype": "textBlockItemType",
"nsuri": "http://xbrl.sec.gov/ecd/2024",
"localname": "EquityValuationAssumptionDifferenceFnTextBlock",
"presentation": [
"http://xbrl.sec.gov/ecd/role/PvpDisclosure"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Equity Valuation Assumption Difference, Footnote",
"label": "Equity Valuation Assumption Difference, Footnote [Text Block]"
}
}
},
"auth_ref": [
"r960"
]
},
"ecd_ErrCompAnalysisTextBlock": {
"xbrltype": "textBlockItemType",
"nsuri": "http://xbrl.sec.gov/ecd/2024",
"localname": "ErrCompAnalysisTextBlock",
"presentation": [
"http://xbrl.sec.gov/ecd/role/ErrCompDisclosure"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Erroneous Compensation Analysis",
"label": "Erroneous Compensation Analysis [Text Block]"
}
}
},
"auth_ref": [
"r918",
"r928",
"r938",
"r970"
]
},
"ecd_ErrCompRecoveryTable": {
"xbrltype": "stringItemType",
"nsuri": "http://xbrl.sec.gov/ecd/2024",
"localname": "ErrCompRecoveryTable",
"presentation": [
"http://xbrl.sec.gov/ecd/role/ErrCompDisclosure"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Erroneously Awarded Compensation Recovery",
"label": "Erroneously Awarded Compensation Recovery [Table]"
}
}
},
"auth_ref": [
"r915",
"r925",
"r935",
"r967"
]
},
"srt_EuropeMember": {
"xbrltype": "domainItemType",
"nsuri": "http://fasb.org/srt/2024",
"localname": "EuropeMember",
"presentation": [
"http://heidrick.com/role/GoodwillandOtherIntangibleAssetsScheduleofChangesinCarryingAmountofGoodwillbySegmentDetails",
"http://heidrick.com/role/GoodwillandOtherIntangibleAssetsScheduleofGoodwillbySegmentDetails",
"http://heidrick.com/role/GoodwillandOtherIntangibleAssetsScheduleofIndefiniteLivedIntangibleAssetsDetails",
"http://heidrick.com/role/RestructuringScheduleofRestructuringChargesReportableSegmentDetails",
"http://heidrick.com/role/SegmentInformationReconciliationofAdjustedEBITDAfromSegmentstoConsolidatedDetails",
"http://heidrick.com/role/SegmentInformationScheduleofSegmentReportingInformationbySegmentDetail"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Europe",
"label": "Europe [Member]",
"documentation": "Continent of Europe."
}
}
},
"auth_ref": [
"r1005",
"r1006",
"r1007",
"r1008",
"r1162",
"r1163",
"r1164",
"r1165"
]
},
"ecd_ExecutiveCategoryAxis": {
"xbrltype": "stringItemType",
"nsuri": "http://xbrl.sec.gov/ecd/2024",
"localname": "ExecutiveCategoryAxis",
"presentation": [
"http://xbrl.sec.gov/ecd/role/PvpDisclosure"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Executive Category:",
"label": "Executive Category [Axis]"
}
}
},
"auth_ref": [
"r966"
]
},
"srt_ExecutiveOfficerMember": {
"xbrltype": "domainItemType",
"nsuri": "http://fasb.org/srt/2024",
"localname": "ExecutiveOfficerMember",
"presentation": [
"http://heidrick.com/role/StockBasedCompensationandCommonStockNarrativeDetails"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Executive Officer",
"label": "Executive Officer [Member]",
"documentation": "Person with designation of executive officer."
}
}
},
"auth_ref": [
"r1040"
]
},
"hsii_ExecutiveSearchSegmentMember": {
"xbrltype": "domainItemType",
"nsuri": "http://heidrick.com/20250331",
"localname": "ExecutiveSearchSegmentMember",
"presentation": [
"http://heidrick.com/role/GoodwillandOtherIntangibleAssetsScheduleofChangesinCarryingAmountofGoodwillbySegmentDetails",
"http://heidrick.com/role/GoodwillandOtherIntangibleAssetsScheduleofGoodwillbySegmentDetails",
"http://heidrick.com/role/GoodwillandOtherIntangibleAssetsScheduleofIndefiniteLivedIntangibleAssetsDetails",
"http://heidrick.com/role/RestructuringScheduleofRestructuringChargesReportableSegmentDetails",
"http://heidrick.com/role/SegmentInformationReconciliationofAdjustedEBITDAfromSegmentstoConsolidatedDetails",
"http://heidrick.com/role/SegmentInformationScheduleofSegmentReportingInformationbySegmentDetail"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Executive Search",
"label": "Executive Search Segment [Member]",
"documentation": "Executive Search Segment [Member]"
}
}
},
"auth_ref": []
},
"us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationCalculationRollForward": {
"xbrltype": "stringItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationCalculationRollForward",
"presentation": [
"http://heidrick.com/role/FinancialInstrumentsandFairValueScheduleofReconciliationofLevel3AssetsandLiabilitiesDetails"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]",
"label": "Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]",
"documentation": "A roll forward is a reconciliation of a concept from the beginning of a period to the end of a period."
}
}
},
"auth_ref": []
},
"us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationLineItems": {
"xbrltype": "stringItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationLineItems",
"presentation": [
"http://heidrick.com/role/FinancialInstrumentsandFairValueScheduleofReconciliationofLevel3AssetsandLiabilitiesDetails"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]",
"label": "Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]",
"documentation": "Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table."
}
}
},
"auth_ref": [
"r595",
"r596",
"r597",
"r598",
"r599",
"r600",
"r605",
"r877"
]
},
"us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationTable": {
"xbrltype": "stringItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationTable",
"presentation": [
"http://heidrick.com/role/FinancialInstrumentsandFairValueScheduleofReconciliationofLevel3AssetsandLiabilitiesDetails"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Table]",
"label": "Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Table]",
"documentation": "Disclosure of information about financial instrument asset measured at fair value on recurring basis using unobservable input."
}
}
},
"auth_ref": [
"r595",
"r596",
"r597",
"r598",
"r599",
"r600",
"r605",
"r877"
]
},
"us-gaap_FairValueBalanceSheetGroupingFinancialStatementCaptionsLineItems": {
"xbrltype": "stringItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "FairValueBalanceSheetGroupingFinancialStatementCaptionsLineItems",
"presentation": [
"http://heidrick.com/role/FinancialInstrumentsandFairValueNarrativeDetails",
"http://heidrick.com/role/FinancialInstrumentsandFairValueScheduleofFairValueSeparateAccountInvestmentDetails",
"http://heidrick.com/role/FinancialInstrumentsandFairValueScheduleofUnrealizedGainLossonInvestmentsDetails"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]",
"label": "Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]",
"documentation": "Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table."
}
}
},
"auth_ref": []
},
"us-gaap_FairValueByBalanceSheetGroupingTable": {
"xbrltype": "stringItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "FairValueByBalanceSheetGroupingTable",
"presentation": [
"http://heidrick.com/role/FinancialInstrumentsandFairValueNarrativeDetails",
"http://heidrick.com/role/FinancialInstrumentsandFairValueScheduleofFairValueSeparateAccountInvestmentDetails",
"http://heidrick.com/role/FinancialInstrumentsandFairValueScheduleofUnrealizedGainLossonInvestmentsDetails"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Fair Value, by Balance Sheet Grouping [Table]",
"label": "Fair Value, by Balance Sheet Grouping [Table]",
"documentation": "Disclosure of information about the fair value of financial instruments, including financial assets and financial liabilities, and the measurements of those instruments, assets, and liabilities."
}
}
},
"auth_ref": [
"r48",
"r49"
]
},
"us-gaap_FairValueByBalanceSheetGroupingTextBlock": {
"xbrltype": "textBlockItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "FairValueByBalanceSheetGroupingTextBlock",
"presentation": [
"http://heidrick.com/role/FinancialInstrumentsandFairValueTables"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Schedule of Fair Value, Separate Account Investment",
"label": "Fair Value, by Balance Sheet Grouping [Table Text Block]",
"documentation": "Tabular disclosure of the fair value of financial instruments, including financial assets and financial liabilities, and the measurements of those instruments, assets, and liabilities."
}
}
},
"auth_ref": [
"r48"
]
},
"us-gaap_FairValueByFairValueHierarchyLevelAxis": {
"xbrltype": "stringItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "FairValueByFairValueHierarchyLevelAxis",
"presentation": [
"http://heidrick.com/role/FinancialInstrumentsandFairValueNarrativeDetails",
"http://heidrick.com/role/FinancialInstrumentsandFairValueScheduleofFairValueSeparateAccountInvestmentDetails",
"http://heidrick.com/role/FinancialInstrumentsandFairValueScheduleofUnrealizedGainLossonInvestmentsDetails"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Fair Value Hierarchy and NAV [Axis]",
"label": "Fair Value Hierarchy and NAV [Axis]",
"documentation": "Information by level within fair value hierarchy and fair value measured at net asset value per share as practical expedient."
}
}
},
"auth_ref": [
"r404",
"r470",
"r471",
"r472",
"r473",
"r474",
"r475",
"r590",
"r591",
"r592",
"r593",
"r594",
"r603",
"r604",
"r606",
"r643",
"r644",
"r645",
"r859",
"r860",
"r865",
"r866",
"r867",
"r875",
"r878"
]
},
"us-gaap_FairValueByLiabilityClassAxis": {
"xbrltype": "stringItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "FairValueByLiabilityClassAxis",
"presentation": [
"http://heidrick.com/role/FinancialInstrumentsandFairValueNarrativeDetails",
"http://heidrick.com/role/FinancialInstrumentsandFairValueScheduleofReconciliationofLevel3AssetsandLiabilitiesDetails"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Liability Class [Axis]",
"label": "Liability Class [Axis]",
"documentation": "Information by class of liability."
}
}
},
"auth_ref": [
"r595",
"r596",
"r597",
"r598",
"r599",
"r600",
"r605"
]
},
"us-gaap_FairValueDisclosuresAbstract": {
"xbrltype": "stringItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "FairValueDisclosuresAbstract",
"lang": {
"en-us": {
"role": {
"label": "Fair Value Disclosures [Abstract]"
}
}
},
"auth_ref": []
},
"us-gaap_FairValueDisclosuresTextBlock": {
"xbrltype": "textBlockItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "FairValueDisclosuresTextBlock",
"presentation": [
"http://heidrick.com/role/FinancialInstrumentsandFairValue"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Financial Instruments and Fair Value",
"label": "Fair Value Disclosures [Text Block]",
"documentation": "The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information."
}
}
},
"auth_ref": [
"r599",
"r601",
"r602",
"r603",
"r606",
"r607",
"r608",
"r609",
"r610",
"r707",
"r875",
"r879"
]
},
"us-gaap_FairValueInputsLevel1Member": {
"xbrltype": "domainItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "FairValueInputsLevel1Member",
"presentation": [
"http://heidrick.com/role/FinancialInstrumentsandFairValueScheduleofFairValueSeparateAccountInvestmentDetails",
"http://heidrick.com/role/FinancialInstrumentsandFairValueScheduleofUnrealizedGainLossonInvestmentsDetails"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Fair Value, Inputs, Level 1",
"label": "Fair Value, Inputs, Level 1 [Member]",
"documentation": "Quoted prices in active markets for identical assets or liabilities that the reporting entity can access at the measurement date."
}
}
},
"auth_ref": [
"r404",
"r470",
"r475",
"r591",
"r604",
"r643",
"r865",
"r866",
"r867",
"r875"
]
},
"us-gaap_FairValueInputsLevel2Member": {
"xbrltype": "domainItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "FairValueInputsLevel2Member",
"presentation": [
"http://heidrick.com/role/FinancialInstrumentsandFairValueScheduleofFairValueSeparateAccountInvestmentDetails"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Fair Value, Inputs, Level 2",
"label": "Fair Value, Inputs, Level 2 [Member]",
"documentation": "Inputs other than quoted prices included within level 1 that are observable for an asset or liability, either directly or indirectly, including, but not limited to, quoted prices for similar assets or liabilities in active markets, or quoted prices for identical or similar assets or liabilities in inactive markets."
}
}
},
"auth_ref": [
"r404",
"r470",
"r475",
"r591",
"r592",
"r604",
"r644",
"r859",
"r860",
"r865",
"r866",
"r867",
"r875"
]
},
"us-gaap_FairValueInputsLevel3Member": {
"xbrltype": "domainItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "FairValueInputsLevel3Member",
"presentation": [
"http://heidrick.com/role/FinancialInstrumentsandFairValueNarrativeDetails"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Fair Value, Inputs, Level 3",
"label": "Fair Value, Inputs, Level 3 [Member]",
"documentation": "Unobservable inputs that reflect the entity's own assumption about the assumptions market participants would use in pricing."
}
}
},
"auth_ref": [
"r404",
"r470",
"r471",
"r472",
"r473",
"r474",
"r475",
"r591",
"r592",
"r593",
"r594",
"r604",
"r645",
"r859",
"r860",
"r865",
"r866",
"r867",
"r875",
"r878"
]
},
"us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationByLiabilityClassDomain": {
"xbrltype": "domainItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationByLiabilityClassDomain",
"presentation": [
"http://heidrick.com/role/FinancialInstrumentsandFairValueNarrativeDetails",
"http://heidrick.com/role/FinancialInstrumentsandFairValueScheduleofReconciliationofLevel3AssetsandLiabilitiesDetails"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Fair Value by Liability Class [Domain]",
"label": "Fair Value by Liability Class [Domain]",
"documentation": "Represents classes of liabilities measured and disclosed at fair value."
}
}
},
"auth_ref": [
"r595",
"r596",
"r597",
"r598",
"r599",
"r600",
"r605"
]
},
"us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationTextBlock": {
"xbrltype": "textBlockItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationTextBlock",
"presentation": [
"http://heidrick.com/role/FinancialInstrumentsandFairValueTables"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Schedule of Reconciliation of Level 3 Assets and Liabilities",
"label": "Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block]",
"documentation": "Tabular disclosure of the fair value measurement of liabilities using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets), and gains or losses recognized in other comprehensive income (loss) and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs) by class of liability."
}
}
},
"auth_ref": [
"r595",
"r600",
"r605"
]
},
"hsii_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityCompensationExpense": {
"xbrltype": "monetaryItemType",
"nsuri": "http://heidrick.com/20250331",
"localname": "FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityCompensationExpense",
"crdr": "credit",
"presentation": [
"http://heidrick.com/role/FinancialInstrumentsandFairValueScheduleofReconciliationofLevel3AssetsandLiabilitiesDetails"
],
"lang": {
"en-us": {
"role": {
"negatedTerseLabel": "Compensation expense",
"label": "Fair Value, Measurement With Unobservable Inputs Reconciliation, Recurring Basis, Liability, Compensation Expense",
"documentation": "Fair Value, Measurement With Unobservable Inputs Reconciliation, Recurring Basis, Liability, Compensation Expense"
}
}
},
"auth_ref": []
},
"hsii_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityEarnoutAccretion": {
"xbrltype": "monetaryItemType",
"nsuri": "http://heidrick.com/20250331",
"localname": "FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityEarnoutAccretion",
"crdr": "credit",
"presentation": [
"http://heidrick.com/role/FinancialInstrumentsandFairValueScheduleofReconciliationofLevel3AssetsandLiabilitiesDetails"
],
"lang": {
"en-us": {
"role": {
"negatedTerseLabel": "Earnout accretion",
"label": "Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability, Earnout Accretion",
"documentation": "Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability, Earnout Accretion"
}
}
},
"auth_ref": []
},
"us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarnings": {
"xbrltype": "monetaryItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarnings",
"crdr": "credit",
"presentation": [
"http://heidrick.com/role/FinancialInstrumentsandFairValueScheduleofReconciliationofLevel3AssetsandLiabilitiesDetails"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Fair value adjustment",
"label": "Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability, Gain (Loss) Included in Earnings",
"documentation": "Amount of gain (loss) recognized in income from liability measured at fair value on recurring basis using unobservable input (level 3)."
}
}
},
"auth_ref": [
"r596",
"r605"
]
},
"us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInOtherComprehensiveIncome": {
"xbrltype": "monetaryItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInOtherComprehensiveIncome",
"crdr": "credit",
"presentation": [
"http://heidrick.com/role/FinancialInstrumentsandFairValueScheduleofReconciliationofLevel3AssetsandLiabilitiesDetails"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Foreign currency translation",
"label": "Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability, Gain (Loss) Included in Other Comprehensive Income (Loss)",
"documentation": "Amount of gain (loss) recognized in other comprehensive income (OCI) from liability measured at fair value on recurring basis using unobservable input (level 3)."
}
}
},
"auth_ref": [
"r597",
"r605"
]
},
"us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitySettlements": {
"xbrltype": "monetaryItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitySettlements",
"crdr": "debit",
"presentation": [
"http://heidrick.com/role/FinancialInstrumentsandFairValueScheduleofReconciliationofLevel3AssetsandLiabilitiesDetails"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Payments",
"label": "Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability, Settlements",
"documentation": "Amount of settlements of financial instrument classified as a liability measured using unobservable inputs that reflect the entity's own assumption about the assumptions market participants would use in pricing."
}
}
},
"auth_ref": [
"r598",
"r605"
]
},
"us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue": {
"xbrltype": "monetaryItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue",
"crdr": "credit",
"presentation": [
"http://heidrick.com/role/FinancialInstrumentsandFairValueScheduleofReconciliationofLevel3AssetsandLiabilitiesDetails"
],
"lang": {
"en-us": {
"role": {
"periodStartLabel": "Balance at December\u00a031, 2024",
"periodEndLabel": "Balance at March\u00a031, 2025",
"label": "Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability Value",
"documentation": "Fair value of financial instrument classified as a liability measured using unobservable inputs that reflect the entity's own assumption about the assumptions market participants would use in pricing."
}
}
},
"auth_ref": [
"r595",
"r605"
]
},
"us-gaap_FairValueMeasurementsFairValueHierarchyDomain": {
"xbrltype": "domainItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "FairValueMeasurementsFairValueHierarchyDomain",
"presentation": [
"http://heidrick.com/role/FinancialInstrumentsandFairValueNarrativeDetails",
"http://heidrick.com/role/FinancialInstrumentsandFairValueScheduleofFairValueSeparateAccountInvestmentDetails",
"http://heidrick.com/role/FinancialInstrumentsandFairValueScheduleofUnrealizedGainLossonInvestmentsDetails"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Fair Value Hierarchy and NAV [Domain]",
"label": "Fair Value Hierarchy and NAV [Domain]",
"documentation": "Categories used to prioritize the inputs to valuation techniques to measure fair value."
}
}
},
"auth_ref": [
"r404",
"r470",
"r471",
"r472",
"r473",
"r474",
"r475",
"r590",
"r591",
"r592",
"r593",
"r594",
"r603",
"r604",
"r606",
"r643",
"r644",
"r645",
"r859",
"r860",
"r865",
"r866",
"r867",
"r875",
"r878"
]
},
"us-gaap_FairValueNetAssetLiability": {
"xbrltype": "monetaryItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "FairValueNetAssetLiability",
"crdr": "debit",
"presentation": [
"http://heidrick.com/role/FinancialInstrumentsandFairValueScheduleofFairValueSeparateAccountInvestmentDetails"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Total",
"label": "Fair Value, Net Asset (Liability)",
"documentation": "Fair value of asset after deduction of liability."
}
}
},
"auth_ref": [
"r1097",
"r1098"
]
},
"us-gaap_FinancialInstrumentAxis": {
"xbrltype": "stringItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "FinancialInstrumentAxis",
"presentation": [
"http://heidrick.com/role/FinancialInstrumentsandFairValueScheduleofUnrealizedGainLossonInvestmentsDetails"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Financial Instrument [Axis]",
"label": "Financial Instrument [Axis]",
"documentation": "Information by type of financial instrument."
}
}
},
"auth_ref": [
"r266",
"r267",
"r268",
"r269",
"r270",
"r271",
"r272",
"r273",
"r274",
"r275",
"r276",
"r277",
"r278",
"r279",
"r280",
"r281",
"r282",
"r283",
"r284",
"r285",
"r286",
"r287",
"r288",
"r289",
"r290",
"r291",
"r292",
"r293",
"r294",
"r295",
"r303",
"r304",
"r309",
"r310",
"r311",
"r312",
"r314",
"r315",
"r415",
"r418",
"r586",
"r611",
"r640",
"r641",
"r642",
"r643",
"r644",
"r645",
"r646",
"r647",
"r648",
"r649",
"r650",
"r651",
"r652",
"r653",
"r654",
"r656",
"r657",
"r658",
"r659",
"r660",
"r661",
"r662",
"r663",
"r664",
"r665",
"r666",
"r667",
"r668",
"r669",
"r670",
"r726",
"r854",
"r875",
"r877",
"r878",
"r879",
"r880",
"r881",
"r882",
"r883",
"r884",
"r888",
"r998",
"r999",
"r1000",
"r1001",
"r1002",
"r1003",
"r1004",
"r1042",
"r1043",
"r1044",
"r1045",
"r1096",
"r1099",
"r1100",
"r1101",
"r1102",
"r1103"
]
},
"hsii_FiniteLivedIntangibleAssetExpectedAmortizationAfterYearFour": {
"xbrltype": "monetaryItemType",
"nsuri": "http://heidrick.com/20250331",
"localname": "FiniteLivedIntangibleAssetExpectedAmortizationAfterYearFour",
"crdr": "debit",
"calculation": {
"http://heidrick.com/role/GoodwillandOtherIntangibleAssetsScheduleofFiniteLivedIntangibleAssetsFutureAmortizationExpenseDetail": {
"parentTag": "us-gaap_FiniteLivedIntangibleAssetsNet",
"weight": 1.0,
"order": 5.0
}
},
"presentation": [
"http://heidrick.com/role/GoodwillandOtherIntangibleAssetsScheduleofFiniteLivedIntangibleAssetsFutureAmortizationExpenseDetail"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Thereafter",
"label": "Finite-Lived Intangible Asset, Expected Amortization, After Year Four",
"documentation": "Finite-Lived Intangible Asset, Expected Amortization, After Year Four"
}
}
},
"auth_ref": []
},
"us-gaap_FiniteLivedIntangibleAssetsAccumulatedAmortization": {
"xbrltype": "monetaryItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "FiniteLivedIntangibleAssetsAccumulatedAmortization",
"crdr": "credit",
"calculation": {
"http://heidrick.com/role/GoodwillandOtherIntangibleAssetsScheduleofAcquiredFiniteLivedIntangibleAssetsbyMajorClassDetails": {
"parentTag": "us-gaap_FiniteLivedIntangibleAssetsNet",
"weight": -1.0,
"order": 2.0
}
},
"presentation": [
"http://heidrick.com/role/GoodwillandOtherIntangibleAssetsScheduleofAcquiredFiniteLivedIntangibleAssetsbyMajorClassDetails"
],
"lang": {
"en-us": {
"role": {
"negatedTerseLabel": "Accumulated Amortization",
"label": "Finite-Lived Intangible Assets, Accumulated Amortization",
"documentation": "Accumulated amount of amortization of assets, excluding financial assets and goodwill, lacking physical substance with a finite life."
}
}
},
"auth_ref": [
"r168",
"r316",
"r336",
"r856"
]
},
"us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths": {
"xbrltype": "monetaryItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths",
"crdr": "debit",
"calculation": {
"http://heidrick.com/role/GoodwillandOtherIntangibleAssetsScheduleofFiniteLivedIntangibleAssetsFutureAmortizationExpenseDetail": {
"parentTag": "us-gaap_FiniteLivedIntangibleAssetsNet",
"weight": 1.0,
"order": 4.0
}
},
"presentation": [
"http://heidrick.com/role/GoodwillandOtherIntangibleAssetsScheduleofFiniteLivedIntangibleAssetsFutureAmortizationExpenseDetail"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "2026",
"label": "Finite-Lived Intangible Asset, Expected Amortization, Year One",
"documentation": "Amount of amortization for assets, excluding financial assets and goodwill, lacking physical substance with finite life expected to be recognized in next fiscal year following current fiscal year. Excludes interim and annual periods when interim periods are reported from current statement of financial position date (rolling approach)."
}
}
},
"auth_ref": [
"r338",
"r835",
"r856"
]
},
"us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear": {
"xbrltype": "monetaryItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear",
"crdr": "debit",
"calculation": {
"http://heidrick.com/role/GoodwillandOtherIntangibleAssetsScheduleofFiniteLivedIntangibleAssetsFutureAmortizationExpenseDetail": {
"parentTag": "us-gaap_FiniteLivedIntangibleAssetsNet",
"weight": 1.0,
"order": 2.0
}
},
"presentation": [
"http://heidrick.com/role/GoodwillandOtherIntangibleAssetsScheduleofFiniteLivedIntangibleAssetsFutureAmortizationExpenseDetail"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "2025",
"label": "Finite-Lived Intangible Asset, Expected Amortization, Remainder of Fiscal Year",
"documentation": "Amount of amortization for assets, excluding financial assets and goodwill, lacking physical substance with finite life expected to be recognized in remainder of current fiscal year."
}
}
},
"auth_ref": [
"r1166"
]
},
"us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearFour": {
"xbrltype": "monetaryItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "FiniteLivedIntangibleAssetsAmortizationExpenseYearFour",
"crdr": "debit",
"calculation": {
"http://heidrick.com/role/GoodwillandOtherIntangibleAssetsScheduleofFiniteLivedIntangibleAssetsFutureAmortizationExpenseDetail": {
"parentTag": "us-gaap_FiniteLivedIntangibleAssetsNet",
"weight": 1.0,
"order": 6.0
}
},
"presentation": [
"http://heidrick.com/role/GoodwillandOtherIntangibleAssetsScheduleofFiniteLivedIntangibleAssetsFutureAmortizationExpenseDetail"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "2029",
"label": "Finite-Lived Intangible Asset, Expected Amortization, Year Four",
"documentation": "Amount of amortization for assets, excluding financial assets and goodwill, lacking physical substance with finite life expected to be recognized in fourth fiscal year following current fiscal year. Excludes interim and annual periods when interim periods are reported from current statement of financial position date (rolling approach)."
}
}
},
"auth_ref": [
"r338",
"r835",
"r856"
]
},
"us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearThree": {
"xbrltype": "monetaryItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "FiniteLivedIntangibleAssetsAmortizationExpenseYearThree",
"crdr": "debit",
"calculation": {
"http://heidrick.com/role/GoodwillandOtherIntangibleAssetsScheduleofFiniteLivedIntangibleAssetsFutureAmortizationExpenseDetail": {
"parentTag": "us-gaap_FiniteLivedIntangibleAssetsNet",
"weight": 1.0,
"order": 1.0
}
},
"presentation": [
"http://heidrick.com/role/GoodwillandOtherIntangibleAssetsScheduleofFiniteLivedIntangibleAssetsFutureAmortizationExpenseDetail"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "2028",
"label": "Finite-Lived Intangible Asset, Expected Amortization, Year Three",
"documentation": "Amount of amortization for assets, excluding financial assets and goodwill, lacking physical substance with finite life expected to be recognized in third fiscal year following current fiscal year. Excludes interim and annual periods when interim periods are reported from current statement of financial position date (rolling approach)."
}
}
},
"auth_ref": [
"r338",
"r835",
"r856"
]
},
"us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo": {
"xbrltype": "monetaryItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo",
"crdr": "debit",
"calculation": {
"http://heidrick.com/role/GoodwillandOtherIntangibleAssetsScheduleofFiniteLivedIntangibleAssetsFutureAmortizationExpenseDetail": {
"parentTag": "us-gaap_FiniteLivedIntangibleAssetsNet",
"weight": 1.0,
"order": 3.0
}
},
"presentation": [
"http://heidrick.com/role/GoodwillandOtherIntangibleAssetsScheduleofFiniteLivedIntangibleAssetsFutureAmortizationExpenseDetail"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "2027",
"label": "Finite-Lived Intangible Asset, Expected Amortization, Year Two",
"documentation": "Amount of amortization for assets, excluding financial assets and goodwill, lacking physical substance with finite life expected to be recognized in second fiscal year following current fiscal year. Excludes interim and annual periods when interim periods are reported from current statement of financial position date (rolling approach)."
}
}
},
"auth_ref": [
"r338",
"r835",
"r856"
]
},
"us-gaap_FiniteLivedIntangibleAssetsByMajorClassAxis": {
"xbrltype": "stringItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "FiniteLivedIntangibleAssetsByMajorClassAxis",
"presentation": [
"http://heidrick.com/role/GoodwillandOtherIntangibleAssetsScheduleofAcquiredFiniteLivedIntangibleAssetsbyMajorClassDetails"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Finite-Lived Intangible Assets by Major Class [Axis]",
"label": "Finite-Lived Intangible Assets by Major Class [Axis]",
"documentation": "Information by major type or class of finite-lived intangible assets."
}
}
},
"auth_ref": [
"r330",
"r332",
"r333",
"r334",
"r335",
"r336",
"r339",
"r340",
"r675",
"r676",
"r835"
]
},
"us-gaap_FiniteLivedIntangibleAssetsGross": {
"xbrltype": "monetaryItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "FiniteLivedIntangibleAssetsGross",
"crdr": "debit",
"calculation": {
"http://heidrick.com/role/GoodwillandOtherIntangibleAssetsScheduleofAcquiredFiniteLivedIntangibleAssetsbyMajorClassDetails": {
"parentTag": "us-gaap_FiniteLivedIntangibleAssetsNet",
"weight": 1.0,
"order": 1.0
}
},
"presentation": [
"http://heidrick.com/role/GoodwillandOtherIntangibleAssetsScheduleofAcquiredFiniteLivedIntangibleAssetsbyMajorClassDetails"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Gross Carrying Amount",
"label": "Finite-Lived Intangible Assets, Gross",
"documentation": "Amount before amortization of assets, excluding financial assets and goodwill, lacking physical substance with a finite life."
}
}
},
"auth_ref": [
"r316",
"r336",
"r676",
"r856"
]
},
"us-gaap_FiniteLivedIntangibleAssetsLineItems": {
"xbrltype": "stringItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "FiniteLivedIntangibleAssetsLineItems",
"presentation": [
"http://heidrick.com/role/GoodwillandOtherIntangibleAssetsScheduleofAcquiredFiniteLivedIntangibleAssetsbyMajorClassDetails",
"http://heidrick.com/role/GoodwillandOtherIntangibleAssetsScheduleofIndefiniteLivedIntangibleAssetsDetails"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Finite-Lived Intangible Assets [Line Items]",
"label": "Finite-Lived Intangible Assets [Line Items]",
"documentation": "Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table."
}
}
},
"auth_ref": [
"r330",
"r336",
"r339",
"r340",
"r341",
"r675",
"r835",
"r856"
]
},
"us-gaap_FiniteLivedIntangibleAssetsMajorClassNameDomain": {
"xbrltype": "domainItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "FiniteLivedIntangibleAssetsMajorClassNameDomain",
"presentation": [
"http://heidrick.com/role/GoodwillandOtherIntangibleAssetsScheduleofAcquiredFiniteLivedIntangibleAssetsbyMajorClassDetails"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Finite-Lived Intangible Assets, Major Class Name [Domain]",
"label": "Finite-Lived Intangible Assets, Major Class Name [Domain]",
"documentation": "The major class of finite-lived intangible asset (for example, patents, trademarks, copyrights, etc.) A major class is composed of intangible assets that can be grouped together because they are similar, either by their nature or by their use in the operations of a company."
}
}
},
"auth_ref": [
"r330",
"r332",
"r333",
"r334",
"r335",
"r336",
"r339",
"r340",
"r835"
]
},
"us-gaap_FiniteLivedIntangibleAssetsNet": {
"xbrltype": "monetaryItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "FiniteLivedIntangibleAssetsNet",
"crdr": "debit",
"calculation": {
"http://heidrick.com/role/GoodwillandOtherIntangibleAssetsScheduleofAcquiredFiniteLivedIntangibleAssetsbyMajorClassDetails": {
"parentTag": null,
"weight": null,
"order": null,
"root": true
},
"http://heidrick.com/role/GoodwillandOtherIntangibleAssetsScheduleofFiniteLivedIntangibleAssetsFutureAmortizationExpenseDetail": {
"parentTag": null,
"weight": null,
"order": null,
"root": true
}
},
"presentation": [
"http://heidrick.com/role/GoodwillandOtherIntangibleAssetsScheduleofAcquiredFiniteLivedIntangibleAssetsbyMajorClassDetails",
"http://heidrick.com/role/GoodwillandOtherIntangibleAssetsScheduleofFiniteLivedIntangibleAssetsFutureAmortizationExpenseDetail",
"http://heidrick.com/role/GoodwillandOtherIntangibleAssetsScheduleofIndefiniteLivedIntangibleAssetsDetails"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Total other intangible assets, net",
"totalLabel": "Total other intangible assets, net",
"label": "Finite-Lived Intangible Assets, Net",
"documentation": "Amount after amortization of assets, excluding financial assets and goodwill, lacking physical substance with a finite life."
}
}
},
"auth_ref": [
"r675",
"r1069"
]
},
"ecd_ForgoneRecoveryDueToDisqualificationOfTaxBenefitsAmt": {
"xbrltype": "monetaryItemType",
"nsuri": "http://xbrl.sec.gov/ecd/2024",
"localname": "ForgoneRecoveryDueToDisqualificationOfTaxBenefitsAmt",
"presentation": [
"http://xbrl.sec.gov/ecd/role/ErrCompDisclosure"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Forgone Recovery due to Disqualification of Tax Benefits, Amount",
"label": "Forgone Recovery due to Disqualification of Tax Benefits, Amount"
}
}
},
"auth_ref": [
"r922",
"r932",
"r942",
"r974"
]
},
"ecd_ForgoneRecoveryDueToExpenseOfEnforcementAmt": {
"xbrltype": "monetaryItemType",
"nsuri": "http://xbrl.sec.gov/ecd/2024",
"localname": "ForgoneRecoveryDueToExpenseOfEnforcementAmt",
"presentation": [
"http://xbrl.sec.gov/ecd/role/ErrCompDisclosure"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Forgone Recovery due to Expense of Enforcement, Amount",
"label": "Forgone Recovery due to Expense of Enforcement, Amount"
}
}
},
"auth_ref": [
"r922",
"r932",
"r942",
"r974"
]
},
"ecd_ForgoneRecoveryDueToViolationOfHomeCountryLawAmt": {
"xbrltype": "monetaryItemType",
"nsuri": "http://xbrl.sec.gov/ecd/2024",
"localname": "ForgoneRecoveryDueToViolationOfHomeCountryLawAmt",
"presentation": [
"http://xbrl.sec.gov/ecd/role/ErrCompDisclosure"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Forgone Recovery due to Violation of Home Country Law, Amount",
"label": "Forgone Recovery due to Violation of Home Country Law, Amount"
}
}
},
"auth_ref": [
"r922",
"r932",
"r942",
"r974"
]
},
"ecd_ForgoneRecoveryExplanationOfImpracticabilityTextBlock": {
"xbrltype": "textBlockItemType",
"nsuri": "http://xbrl.sec.gov/ecd/2024",
"localname": "ForgoneRecoveryExplanationOfImpracticabilityTextBlock",
"presentation": [
"http://xbrl.sec.gov/ecd/role/ErrCompDisclosure"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Forgone Recovery, Explanation of Impracticability",
"label": "Forgone Recovery, Explanation of Impracticability [Text Block]"
}
}
},
"auth_ref": [
"r922",
"r932",
"r942",
"r974"
]
},
"ecd_ForgoneRecoveryIndName": {
"xbrltype": "stringItemType",
"nsuri": "http://xbrl.sec.gov/ecd/2024",
"localname": "ForgoneRecoveryIndName",
"presentation": [
"http://xbrl.sec.gov/ecd/role/ErrCompDisclosure"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Name",
"label": "Forgone Recovery, Individual Name"
}
}
},
"auth_ref": [
"r922",
"r932",
"r942",
"r974"
]
},
"ecd_FrValAsOfPrrYrEndOfEqtyAwrdsGrntdInPrrYrsFldVstngCondsDrngCvrdYrMember": {
"xbrltype": "domainItemType",
"nsuri": "http://xbrl.sec.gov/ecd/2024",
"localname": "FrValAsOfPrrYrEndOfEqtyAwrdsGrntdInPrrYrsFldVstngCondsDrngCvrdYrMember",
"presentation": [
"http://xbrl.sec.gov/ecd/role/PvpDisclosure"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year",
"label": "Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year [Member]"
}
}
},
"auth_ref": [
"r955"
]
},
"us-gaap_FurnitureAndFixturesMember": {
"xbrltype": "domainItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "FurnitureAndFixturesMember",
"presentation": [
"http://heidrick.com/role/PropertyandEquipmentnetScheduleofPropertyandEquipmentDetails"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Office furniture, fixtures and equipment",
"label": "Furniture and Fixtures [Member]",
"documentation": "Equipment commonly used in offices and stores that have no permanent connection to the structure of a building or utilities. Examples include, but are not limited to, desks, chairs, tables, and bookcases."
}
}
},
"auth_ref": []
},
"us-gaap_GainLossOnDispositionOfAssets1": {
"xbrltype": "monetaryItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "GainLossOnDispositionOfAssets1",
"crdr": "credit",
"calculation": {
"http://heidrick.com/role/CONDENSEDCONSOLIDATEDSTATEMENTSOFCASHFLOWS": {
"parentTag": "us-gaap_NetCashProvidedByUsedInOperatingActivities",
"weight": -1.0,
"order": 1.0
}
},
"presentation": [
"http://heidrick.com/role/CONDENSEDCONSOLIDATEDSTATEMENTSOFCASHFLOWS"
],
"lang": {
"en-us": {
"role": {
"negatedTerseLabel": "Loss on disposal of property and equipment",
"label": "Gain (Loss) on Disposition of Assets",
"documentation": "Amount of gain (loss) on sale or disposal of assets, including but not limited to property plant and equipment, intangible assets and equity in securities of subsidiaries or equity method investee."
}
}
},
"auth_ref": [
"r1023"
]
},
"us-gaap_GainLossOnInvestments": {
"xbrltype": "monetaryItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "GainLossOnInvestments",
"crdr": "credit",
"calculation": {
"http://heidrick.com/role/CONDENSEDCONSOLIDATEDSTATEMENTSOFCASHFLOWS": {
"parentTag": "us-gaap_NetCashProvidedByUsedInOperatingActivities",
"weight": -1.0,
"order": 11.0
}
},
"presentation": [
"http://heidrick.com/role/CONDENSEDCONSOLIDATEDSTATEMENTSOFCASHFLOWS"
],
"lang": {
"en-us": {
"role": {
"negatedTerseLabel": "Gain on marketable securities",
"label": "Gain (Loss) on Investments",
"documentation": "Amount of realized and unrealized gain (loss) on investment."
}
}
},
"auth_ref": [
"r79",
"r81",
"r996"
]
},
"us-gaap_GeneralAndAdministrativeExpense": {
"xbrltype": "monetaryItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "GeneralAndAdministrativeExpense",
"crdr": "debit",
"calculation": {
"http://heidrick.com/role/CONDENSEDCONSOLIDATEDSTATEMENTSOFCOMPREHENSIVEINCOME": {
"parentTag": "us-gaap_CostsAndExpenses",
"weight": 1.0,
"order": 2.0
}
},
"presentation": [
"http://heidrick.com/role/CONDENSEDCONSOLIDATEDSTATEMENTSOFCOMPREHENSIVEINCOME"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "General and administrative expenses",
"label": "General and Administrative Expense",
"documentation": "The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line."
}
}
},
"auth_ref": [
"r78",
"r795"
]
},
"hsii_GeneralAndAdministrativeExpenseAdjusted": {
"xbrltype": "monetaryItemType",
"nsuri": "http://heidrick.com/20250331",
"localname": "GeneralAndAdministrativeExpenseAdjusted",
"crdr": "debit",
"calculation": {
"http://heidrick.com/role/SegmentInformationReconciliationofAdjustedEBITDAfromSegmentstoConsolidatedDetails": {
"parentTag": "hsii_CostsAndExpensesAdjusted",
"weight": 1.0,
"order": 2.0
}
},
"presentation": [
"http://heidrick.com/role/SegmentInformationReconciliationofAdjustedEBITDAfromSegmentstoConsolidatedDetails"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "General and administrative",
"label": "General And Administrative Expense, Adjusted",
"documentation": "General And Administrative Expense, Adjusted"
}
}
},
"auth_ref": []
},
"us-gaap_Goodwill": {
"xbrltype": "monetaryItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "Goodwill",
"crdr": "debit",
"calculation": {
"http://heidrick.com/role/CONDENSEDCONSOLIDATEDBALANCESHEETS": {
"parentTag": "us-gaap_AssetsNoncurrent",
"weight": 1.0,
"order": 2.0
},
"http://heidrick.com/role/GoodwillandOtherIntangibleAssetsScheduleofGoodwillbySegmentDetails": {
"parentTag": null,
"weight": null,
"order": null,
"root": true
}
},
"presentation": [
"http://heidrick.com/role/CONDENSEDCONSOLIDATEDBALANCESHEETS",
"http://heidrick.com/role/GoodwillandOtherIntangibleAssetsScheduleofChangesinCarryingAmountofGoodwillbySegmentDetails",
"http://heidrick.com/role/GoodwillandOtherIntangibleAssetsScheduleofGoodwillbySegmentDetails"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Goodwill",
"totalLabel": "Goodwill",
"periodStartLabel": "Goodwill, beginning balance",
"periodEndLabel": "Goodwill, ending balance",
"label": "Goodwill",
"documentation": "Amount, after accumulated impairment loss, of asset representing future economic benefit arising from other asset acquired in business combination or from joint venture formation or both, that is not individually identified and separately recognized."
}
}
},
"auth_ref": [
"r167",
"r318",
"r708",
"r849",
"r855",
"r876",
"r887",
"r1051",
"r1058"
]
},
"us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract": {
"xbrltype": "stringItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "GoodwillAndIntangibleAssetsDisclosureAbstract",
"lang": {
"en-us": {
"role": {
"label": "Goodwill and Intangible Assets Disclosure [Abstract]"
}
}
},
"auth_ref": []
},
"us-gaap_GoodwillAndIntangibleAssetsDisclosureTextBlock": {
"xbrltype": "textBlockItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "GoodwillAndIntangibleAssetsDisclosureTextBlock",
"presentation": [
"http://heidrick.com/role/GoodwillandOtherIntangibleAssets"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Goodwill and Other Intangible Assets",
"label": "Goodwill and Intangible Assets Disclosure [Text Block]",
"documentation": "The entire disclosure for goodwill and intangible assets."
}
}
},
"auth_ref": [
"r1049",
"r1061"
]
},
"us-gaap_GoodwillAndIntangibleAssetsGoodwillPolicy": {
"xbrltype": "textBlockItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "GoodwillAndIntangibleAssetsGoodwillPolicy",
"presentation": [
"http://heidrick.com/role/SummaryofSignificantAccountingPoliciesPolicies"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Goodwill",
"label": "Goodwill and Intangible Assets, Goodwill, Policy [Policy Text Block]",
"documentation": "Disclosure of accounting policy for goodwill. This accounting policy also may address how an entity assesses and measures impairment of goodwill, how reporting units are determined, how goodwill is allocated to such units, and how the fair values of the reporting units are determined."
}
}
},
"auth_ref": [
"r317",
"r329",
"r855"
]
},
"us-gaap_GoodwillForeignCurrencyTranslationGainLoss": {
"xbrltype": "monetaryItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "GoodwillForeignCurrencyTranslationGainLoss",
"crdr": "credit",
"presentation": [
"http://heidrick.com/role/GoodwillandOtherIntangibleAssetsScheduleofChangesinCarryingAmountofGoodwillbySegmentDetails"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Foreign currency translation",
"label": "Goodwill, Foreign Currency Translation Gain (Loss)",
"documentation": "Amount of foreign currency translation gain (loss) which increases (decreases) asset representing future economic benefit from other asset acquired in business combination or from joint venture formation or both, that is not individually identified and separately recognized."
}
}
},
"auth_ref": [
"r325"
]
},
"us-gaap_GoodwillGross": {
"xbrltype": "monetaryItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "GoodwillGross",
"crdr": "debit",
"calculation": {
"http://heidrick.com/role/GoodwillandOtherIntangibleAssetsScheduleofGoodwillbySegmentDetails": {
"parentTag": "us-gaap_Goodwill",
"weight": 1.0,
"order": 1.0
}
},
"presentation": [
"http://heidrick.com/role/GoodwillandOtherIntangibleAssetsScheduleofChangesinCarryingAmountofGoodwillbySegmentDetails",
"http://heidrick.com/role/GoodwillandOtherIntangibleAssetsScheduleofGoodwillbySegmentDetails"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Goodwill, gross",
"label": "Goodwill, Gross",
"documentation": "Amount, before accumulated impairment loss, of asset representing future economic benefit arising from other asset acquired in business combination or from joint venture formation or both, that is not individually identified and separately recognized."
}
}
},
"auth_ref": [
"r320",
"r327",
"r855"
]
},
"us-gaap_GoodwillImpairedAccumulatedImpairmentLoss": {
"xbrltype": "monetaryItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "GoodwillImpairedAccumulatedImpairmentLoss",
"crdr": "credit",
"calculation": {
"http://heidrick.com/role/GoodwillandOtherIntangibleAssetsScheduleofGoodwillbySegmentDetails": {
"parentTag": "us-gaap_Goodwill",
"weight": -1.0,
"order": 2.0
}
},
"presentation": [
"http://heidrick.com/role/GoodwillandOtherIntangibleAssetsScheduleofChangesinCarryingAmountofGoodwillbySegmentDetails",
"http://heidrick.com/role/GoodwillandOtherIntangibleAssetsScheduleofGoodwillbySegmentDetails"
],
"lang": {
"en-us": {
"role": {
"negatedTerseLabel": "Accumulated impairment losses",
"label": "Goodwill, Impaired, Accumulated Impairment Loss",
"documentation": "Amount of accumulated impairment loss for asset representing future economic benefit arising from other asset acquired in business combination or from joint venture formation or both, that is not individually identified and separately recognized."
}
}
},
"auth_ref": [
"r320",
"r327",
"r855"
]
},
"us-gaap_GoodwillLineItems": {
"xbrltype": "stringItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "GoodwillLineItems",
"presentation": [
"http://heidrick.com/role/GoodwillandOtherIntangibleAssetsScheduleofChangesinCarryingAmountofGoodwillbySegmentDetails",
"http://heidrick.com/role/GoodwillandOtherIntangibleAssetsScheduleofGoodwillbySegmentDetails"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Goodwill [Line Items]",
"label": "Goodwill [Line Items]",
"documentation": "Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table."
}
}
},
"auth_ref": [
"r319",
"r320",
"r321",
"r322",
"r323",
"r324",
"r325",
"r326",
"r327",
"r328",
"r329",
"r855"
]
},
"us-gaap_GoodwillRollForward": {
"xbrltype": "stringItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "GoodwillRollForward",
"presentation": [
"http://heidrick.com/role/GoodwillandOtherIntangibleAssetsScheduleofChangesinCarryingAmountofGoodwillbySegmentDetails"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Goodwill [Roll Forward]",
"label": "Goodwill [Roll Forward]",
"documentation": "A roll forward is a reconciliation of a concept from the beginning of a period to the end of a period."
}
}
},
"auth_ref": []
},
"us-gaap_GuaranteeObligationsMaximumExposure": {
"xbrltype": "monetaryItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "GuaranteeObligationsMaximumExposure",
"crdr": "credit",
"presentation": [
"http://heidrick.com/role/GuaranteesDetails"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Guarantor obligations, maximum exposure, undiscounted",
"label": "Guarantor Obligations, Maximum Exposure, Undiscounted",
"documentation": "Maximum potential amount of future payments (undiscounted) the guarantor could be required to make under the guarantee or each group of similar guarantees before reduction for potential recoveries under recourse or collateralization provisions."
}
}
},
"auth_ref": [
"r373"
]
},
"us-gaap_GuaranteesAndProductWarrantiesAbstract": {
"xbrltype": "stringItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "GuaranteesAndProductWarrantiesAbstract",
"lang": {
"en-us": {
"role": {
"label": "Guarantees and Product Warranties [Abstract]"
}
}
},
"auth_ref": []
},
"us-gaap_GuaranteesTextBlock": {
"xbrltype": "textBlockItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "GuaranteesTextBlock",
"presentation": [
"http://heidrick.com/role/Guarantees"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Guarantees",
"label": "Guarantees [Text Block]",
"documentation": "The entire disclosure for each guarantee obligation, or each group of similar guarantee obligations, including (a) the nature of the guarantee, including its term, how it arose, and the events or circumstances that would require the guarantor to perform under the guarantee; (b) the maximum potential amount of future payments (undiscounted) the guarantor could be required to make under the guarantee; (c) the current carrying amount of the liability, if any, for the guarantor's obligations under the guarantee; and (d) the nature of any recourse provisions under the guarantee, and any assets held either as collateral or by third parties, and any relevant related party disclosure. Excludes disclosures about product warranties."
}
}
},
"auth_ref": [
"r368",
"r369",
"r370",
"r371",
"r372",
"r374",
"r375",
"r376"
]
},
"hsii_HeidrickConsultingSegmentMember": {
"xbrltype": "domainItemType",
"nsuri": "http://heidrick.com/20250331",
"localname": "HeidrickConsultingSegmentMember",
"presentation": [
"http://heidrick.com/role/GoodwillandOtherIntangibleAssetsScheduleofChangesinCarryingAmountofGoodwillbySegmentDetails",
"http://heidrick.com/role/GoodwillandOtherIntangibleAssetsScheduleofGoodwillbySegmentDetails",
"http://heidrick.com/role/GoodwillandOtherIntangibleAssetsScheduleofIndefiniteLivedIntangibleAssetsDetails",
"http://heidrick.com/role/RestructuringScheduleofRestructuringChargesReportableSegmentDetails",
"http://heidrick.com/role/SegmentInformationReconciliationofAdjustedEBITDAfromSegmentstoConsolidatedDetails",
"http://heidrick.com/role/SegmentInformationScheduleofSegmentReportingInformationbySegmentDetail"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Heidrick Consulting",
"label": "Heidrick Consulting Segment [Member]",
"documentation": "Heidrick Consulting Segment"
}
}
},
"auth_ref": []
},
"us-gaap_IncomeLossAttributableToParent": {
"xbrltype": "monetaryItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "IncomeLossAttributableToParent",
"crdr": "credit",
"calculation": {
"http://heidrick.com/role/CONDENSEDCONSOLIDATEDSTATEMENTSOFCOMPREHENSIVEINCOME": {
"parentTag": "us-gaap_NetIncomeLoss",
"weight": 1.0,
"order": 1.0
}
},
"presentation": [
"http://heidrick.com/role/CONDENSEDCONSOLIDATEDSTATEMENTSOFCOMPREHENSIVEINCOME",
"http://heidrick.com/role/IncomeTaxesDetails"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Income before income taxes",
"label": "Income (Loss) Attributable to Parent, before Tax",
"documentation": "Amount, before tax, of income (loss) attributable to parent. Includes, but is not limited to, income (loss) from continuing operations, discontinued operations and equity method investments."
}
}
},
"auth_ref": [
"r77",
"r187"
]
},
"us-gaap_IncomeStatementAbstract": {
"xbrltype": "stringItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "IncomeStatementAbstract",
"lang": {
"en-us": {
"role": {
"label": "Income Statement [Abstract]"
}
}
},
"auth_ref": []
},
"us-gaap_IncomeTaxDisclosureAbstract": {
"xbrltype": "stringItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "IncomeTaxDisclosureAbstract",
"lang": {
"en-us": {
"role": {
"label": "Income Tax Disclosure [Abstract]"
}
}
},
"auth_ref": []
},
"us-gaap_IncomeTaxDisclosureTextBlock": {
"xbrltype": "textBlockItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "IncomeTaxDisclosureTextBlock",
"presentation": [
"http://heidrick.com/role/IncomeTaxes"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Income Taxes",
"label": "Income Tax Disclosure [Text Block]",
"documentation": "The entire disclosure for income tax."
}
}
},
"auth_ref": [
"r199",
"r551",
"r555",
"r556",
"r557",
"r558",
"r559",
"r560",
"r563",
"r565",
"r566",
"r567",
"r755",
"r874"
]
},
"us-gaap_IncomeTaxExpenseBenefit": {
"xbrltype": "monetaryItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "IncomeTaxExpenseBenefit",
"crdr": "debit",
"calculation": {
"http://heidrick.com/role/CONDENSEDCONSOLIDATEDSTATEMENTSOFCOMPREHENSIVEINCOME": {
"parentTag": "us-gaap_NetIncomeLoss",
"weight": -1.0,
"order": 2.0
},
"http://heidrick.com/role/SegmentInformationAdjustedEBITDADetails": {
"parentTag": "us-gaap_NetIncomeLoss",
"weight": -1.0,
"order": 3.0
}
},
"presentation": [
"http://heidrick.com/role/CONDENSEDCONSOLIDATEDSTATEMENTSOFCOMPREHENSIVEINCOME",
"http://heidrick.com/role/IncomeTaxesDetails",
"http://heidrick.com/role/SegmentInformationAdjustedEBITDADetails"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Provision for income taxes",
"label": "Income Tax Expense (Benefit)",
"documentation": "Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations."
}
}
},
"auth_ref": [
"r121",
"r125",
"r213",
"r214",
"r227",
"r241",
"r255",
"r554",
"r555",
"r564",
"r730",
"r874"
]
},
"us-gaap_IncomeTaxReceivable": {
"xbrltype": "monetaryItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "IncomeTaxReceivable",
"crdr": "debit",
"calculation": {
"http://heidrick.com/role/CONDENSEDCONSOLIDATEDBALANCESHEETS": {
"parentTag": "us-gaap_AssetsCurrent",
"weight": 1.0,
"order": 1.0
}
},
"presentation": [
"http://heidrick.com/role/CONDENSEDCONSOLIDATEDBALANCESHEETS"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Income taxes recoverable",
"label": "Income Taxes Receivable",
"documentation": "Carrying amount as of the balance sheet date of income taxes previously overpaid to tax authorities (such as U.S. Federal, state and local tax authorities) representing refunds of overpayments or recoveries based on agreed-upon resolutions of disputes. Also called income tax refund receivable."
}
}
},
"auth_ref": [
"r1015"
]
},
"us-gaap_IncreaseDecreaseInAccountsPayable": {
"xbrltype": "monetaryItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "IncreaseDecreaseInAccountsPayable",
"crdr": "debit",
"calculation": {
"http://heidrick.com/role/CONDENSEDCONSOLIDATEDSTATEMENTSOFCASHFLOWS": {
"parentTag": "us-gaap_NetCashProvidedByUsedInOperatingActivities",
"weight": 1.0,
"order": 7.0
}
},
"presentation": [
"http://heidrick.com/role/CONDENSEDCONSOLIDATEDSTATEMENTSOFCASHFLOWS"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Accounts payable",
"label": "Increase (Decrease) in Accounts Payable",
"documentation": "The increase (decrease) during the reporting period in the aggregate amount of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business."
}
}
},
"auth_ref": [
"r6"
]
},
"us-gaap_IncreaseDecreaseInAccountsReceivable": {
"xbrltype": "monetaryItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "IncreaseDecreaseInAccountsReceivable",
"crdr": "credit",
"calculation": {
"http://heidrick.com/role/CONDENSEDCONSOLIDATEDSTATEMENTSOFCASHFLOWS": {
"parentTag": "us-gaap_NetCashProvidedByUsedInOperatingActivities",
"weight": -1.0,
"order": 4.0
}
},
"presentation": [
"http://heidrick.com/role/CONDENSEDCONSOLIDATEDSTATEMENTSOFCASHFLOWS"
],
"lang": {
"en-us": {
"role": {
"negatedTerseLabel": "Accounts receivable",
"label": "Increase (Decrease) in Accounts Receivable",
"documentation": "The increase (decrease) during the reporting period in amount due within one year (or one business cycle) from customers for the credit sale of goods and services."
}
}
},
"auth_ref": [
"r6"
]
},
"us-gaap_IncreaseDecreaseInAccruedLiabilities": {
"xbrltype": "monetaryItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "IncreaseDecreaseInAccruedLiabilities",
"crdr": "debit",
"calculation": {
"http://heidrick.com/role/CONDENSEDCONSOLIDATEDSTATEMENTSOFCASHFLOWS": {
"parentTag": "us-gaap_NetCashProvidedByUsedInOperatingActivities",
"weight": 1.0,
"order": 8.0
}
},
"presentation": [
"http://heidrick.com/role/CONDENSEDCONSOLIDATEDSTATEMENTSOFCASHFLOWS"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Accrued expenses",
"label": "Increase (Decrease) in Accrued Liabilities",
"documentation": "The increase (decrease) during the reporting period in the aggregate amount of expenses incurred but not yet paid."
}
}
},
"auth_ref": [
"r6"
]
},
"hsii_IncreaseDecreaseInContractWithCustomerAfterAllowanceForCreditLoss": {
"xbrltype": "monetaryItemType",
"nsuri": "http://heidrick.com/20250331",
"localname": "IncreaseDecreaseInContractWithCustomerAfterAllowanceForCreditLoss",
"crdr": "credit",
"calculation": {
"http://heidrick.com/role/RevenueSummaryofChangesinContractAssetsandLiabilitiesDetails": {
"parentTag": "us-gaap_IncreaseDecreaseInContractWithCustomerAsset",
"weight": 1.0,
"order": 1.0
}
},
"presentation": [
"http://heidrick.com/role/RevenueSummaryofChangesinContractAssetsandLiabilitiesDetails"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Contract assets",
"label": "Increase (Decrease) In Contract With Customer, After Allowance For Credit Loss",
"documentation": "Increase (Decrease) In Contract With Customer, After Allowance For Credit Loss"
}
}
},
"auth_ref": []
},
"us-gaap_IncreaseDecreaseInContractWithCustomerAsset": {
"xbrltype": "monetaryItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "IncreaseDecreaseInContractWithCustomerAsset",
"crdr": "credit",
"calculation": {
"http://heidrick.com/role/RevenueSummaryofChangesinContractAssetsandLiabilitiesDetails": {
"parentTag": null,
"weight": null,
"order": null,
"root": true
}
},
"presentation": [
"http://heidrick.com/role/RevenueSummaryofChangesinContractAssetsandLiabilitiesDetails"
],
"lang": {
"en-us": {
"role": {
"totalLabel": "Total contract assets",
"label": "Increase (Decrease) in Contract with Customer, Asset",
"documentation": "Amount of increase (decrease) in right to consideration in exchange for good or service transferred to customer when right is conditioned on something other than passage of time."
}
}
},
"auth_ref": [
"r1022"
]
},
"us-gaap_IncreaseDecreaseInContractWithCustomerLiability": {
"xbrltype": "monetaryItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "IncreaseDecreaseInContractWithCustomerLiability",
"crdr": "debit",
"presentation": [
"http://heidrick.com/role/RevenueSummaryofChangesinContractAssetsandLiabilitiesDetails"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Deferred revenue",
"label": "Increase (Decrease) in Contract with Customer, Liability",
"documentation": "Amount of increase (decrease) in obligation to transfer good or service to customer for which consideration has been received or is receivable."
}
}
},
"auth_ref": [
"r672",
"r1022"
]
},
"us-gaap_IncreaseDecreaseInDeferredRevenue": {
"xbrltype": "monetaryItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "IncreaseDecreaseInDeferredRevenue",
"crdr": "debit",
"calculation": {
"http://heidrick.com/role/CONDENSEDCONSOLIDATEDSTATEMENTSOFCASHFLOWS": {
"parentTag": "us-gaap_NetCashProvidedByUsedInOperatingActivities",
"weight": 1.0,
"order": 5.0
}
},
"presentation": [
"http://heidrick.com/role/CONDENSEDCONSOLIDATEDSTATEMENTSOFCASHFLOWS"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Deferred revenue",
"label": "Increase (Decrease) in Deferred Revenue",
"documentation": "Amount of increase (decrease) in deferred income and obligation to transfer product and service to customer for which consideration has been received or is receivable."
}
}
},
"auth_ref": [
"r836"
]
},
"us-gaap_IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable": {
"xbrltype": "monetaryItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable",
"crdr": "debit",
"calculation": {
"http://heidrick.com/role/CONDENSEDCONSOLIDATEDSTATEMENTSOFCASHFLOWS": {
"parentTag": "us-gaap_NetCashProvidedByUsedInOperatingActivities",
"weight": 1.0,
"order": 12.0
}
},
"presentation": [
"http://heidrick.com/role/CONDENSEDCONSOLIDATEDSTATEMENTSOFCASHFLOWS"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Income taxes recoverable and payable, net",
"label": "Increase (Decrease) in Income Taxes Payable, Net of Income Taxes Receivable",
"documentation": "The increase (decrease) during the reporting period in the amounts payable to taxing authorities for taxes that are based on the reporting entity's earnings, net of amounts receivable from taxing authorities for refunds of overpayments or recoveries of income taxes."
}
}
},
"auth_ref": [
"r1022"
]
},
"us-gaap_IncreaseDecreaseInOperatingCapitalAbstract": {
"xbrltype": "stringItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "IncreaseDecreaseInOperatingCapitalAbstract",
"presentation": [
"http://heidrick.com/role/CONDENSEDCONSOLIDATEDSTATEMENTSOFCASHFLOWS"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Changes in assets and liabilities:",
"label": "Increase (Decrease) in Operating Capital [Abstract]"
}
}
},
"auth_ref": []
},
"us-gaap_IncreaseDecreaseInOtherOperatingCapitalNet": {
"xbrltype": "monetaryItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "IncreaseDecreaseInOtherOperatingCapitalNet",
"crdr": "credit",
"calculation": {
"http://heidrick.com/role/CONDENSEDCONSOLIDATEDSTATEMENTSOFCASHFLOWS": {
"parentTag": "us-gaap_NetCashProvidedByUsedInOperatingActivities",
"weight": -1.0,
"order": 3.0
}
},
"presentation": [
"http://heidrick.com/role/CONDENSEDCONSOLIDATEDSTATEMENTSOFCASHFLOWS"
],
"lang": {
"en-us": {
"role": {
"negatedTerseLabel": "Other assets and liabilities, net",
"label": "Increase (Decrease) in Other Operating Assets and Liabilities, Net",
"documentation": "Amount of increase (decrease) in operating assets after deduction of operating liabilities classified as other."
}
}
},
"auth_ref": [
"r6"
]
},
"us-gaap_IncreaseDecreaseInPensionPlanObligations": {
"xbrltype": "monetaryItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "IncreaseDecreaseInPensionPlanObligations",
"crdr": "debit",
"calculation": {
"http://heidrick.com/role/CONDENSEDCONSOLIDATEDSTATEMENTSOFCASHFLOWS": {
"parentTag": "us-gaap_NetCashProvidedByUsedInOperatingActivities",
"weight": 1.0,
"order": 15.0
}
},
"presentation": [
"http://heidrick.com/role/CONDENSEDCONSOLIDATEDSTATEMENTSOFCASHFLOWS"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Retirement and pension plan assets and liabilities",
"label": "Increase (Decrease) in Obligation, Pension Benefits",
"documentation": "Amount of increase (decrease) in obligation for pension benefits. Includes, but is not limited to, defined benefit or defined contribution plans. Excludes other postretirement benefits."
}
}
},
"auth_ref": [
"r6"
]
},
"us-gaap_IncreaseDecreaseInPrepaidExpense": {
"xbrltype": "monetaryItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "IncreaseDecreaseInPrepaidExpense",
"crdr": "credit",
"calculation": {
"http://heidrick.com/role/CONDENSEDCONSOLIDATEDSTATEMENTSOFCASHFLOWS": {
"parentTag": "us-gaap_NetCashProvidedByUsedInOperatingActivities",
"weight": -1.0,
"order": 10.0
}
},
"presentation": [
"http://heidrick.com/role/CONDENSEDCONSOLIDATEDSTATEMENTSOFCASHFLOWS"
],
"lang": {
"en-us": {
"role": {
"negatedTerseLabel": "Prepaid expenses",
"label": "Increase (Decrease) in Prepaid Expense",
"documentation": "The increase (decrease) during the reporting period in the amount of outstanding money paid in advance for goods or services that bring economic benefits for future periods."
}
}
},
"auth_ref": [
"r6"
]
},
"us-gaap_IncreaseDecreaseInRestructuringReserve": {
"xbrltype": "monetaryItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "IncreaseDecreaseInRestructuringReserve",
"crdr": "debit",
"calculation": {
"http://heidrick.com/role/CONDENSEDCONSOLIDATEDSTATEMENTSOFCASHFLOWS": {
"parentTag": "us-gaap_NetCashProvidedByUsedInOperatingActivities",
"weight": 1.0,
"order": 16.0
}
},
"presentation": [
"http://heidrick.com/role/CONDENSEDCONSOLIDATEDSTATEMENTSOFCASHFLOWS"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Restructuring accrual",
"label": "Increase (Decrease) in Restructuring Reserve",
"documentation": "The increase (decrease) during the period in the carrying amount (including both current and noncurrent portions of the accrual) of the liability pertaining to the exit from or disposal of business activities or restructuring pursuant to a duly authorized plan, excluding costs or losses pertaining to an entity newly acquired in a business combination and to asset retirement obligations."
}
}
},
"auth_ref": [
"r1022"
]
},
"us-gaap_IncreaseDecreaseInStockholdersEquityRollForward": {
"xbrltype": "stringItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "IncreaseDecreaseInStockholdersEquityRollForward",
"presentation": [
"http://heidrick.com/role/CONDENSEDCONSOLIDATEDSTATEMENTSOFCHANGESINSTOCKHOLDERSEQUITY"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Increase (Decrease) in Stockholders' Equity [Roll Forward]",
"label": "Increase (Decrease) in Stockholders' Equity [Roll Forward]",
"documentation": "A roll forward is a reconciliation of a concept from the beginning of a period to the end of a period."
}
}
},
"auth_ref": []
},
"hsii_IncreaseDecreaseInUnbilledContractsReceivable": {
"xbrltype": "monetaryItemType",
"nsuri": "http://heidrick.com/20250331",
"localname": "IncreaseDecreaseInUnbilledContractsReceivable",
"crdr": "credit",
"calculation": {
"http://heidrick.com/role/RevenueSummaryofChangesinContractAssetsandLiabilitiesDetails": {
"parentTag": "us-gaap_IncreaseDecreaseInContractWithCustomerAsset",
"weight": 1.0,
"order": 2.0
}
},
"presentation": [
"http://heidrick.com/role/RevenueSummaryofChangesinContractAssetsandLiabilitiesDetails"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Unbilled receivables, net",
"label": "Increase (Decrease) in Unbilled Contracts Receivable",
"documentation": "Increase (Decrease) in Unbilled Contracts Receivable"
}
}
},
"auth_ref": []
},
"us-gaap_IncrementalCommonSharesAttributableToShareBasedPaymentArrangements": {
"xbrltype": "sharesItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "IncrementalCommonSharesAttributableToShareBasedPaymentArrangements",
"calculation": {
"http://heidrick.com/role/SummaryofSignificantAccountingPoliciesScheduleofEarningsperShareDetails": {
"parentTag": "us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding",
"weight": 1.0,
"order": 1.0
}
},
"presentation": [
"http://heidrick.com/role/SummaryofSignificantAccountingPoliciesScheduleofEarningsperShareDetails"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Effect of dilutive securities:",
"label": "Incremental Common Shares Attributable to Dilutive Effect of Share-Based Payment Arrangements",
"documentation": "Additional shares included in the calculation of diluted EPS as a result of the potentially dilutive effect of share based payment arrangements using the treasury stock method."
}
}
},
"auth_ref": [
"r218",
"r219",
"r220",
"r224",
"r513"
]
},
"ecd_IndividualAxis": {
"xbrltype": "stringItemType",
"nsuri": "http://xbrl.sec.gov/ecd/2024",
"localname": "IndividualAxis",
"presentation": [
"http://xbrl.sec.gov/ecd/role/AwardTimingDisclosure",
"http://xbrl.sec.gov/ecd/role/ErrCompDisclosure",
"http://xbrl.sec.gov/ecd/role/InsiderTradingArrangements",
"http://xbrl.sec.gov/ecd/role/PvpDisclosure"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Individual:",
"label": "Individual [Axis]"
}
}
},
"auth_ref": [
"r922",
"r932",
"r942",
"r966",
"r974",
"r978",
"r986"
]
},
"ecd_InsiderTradingArrLineItems": {
"xbrltype": "stringItemType",
"nsuri": "http://xbrl.sec.gov/ecd/2024",
"localname": "InsiderTradingArrLineItems",
"lang": {
"en-us": {
"role": {
"label": "Insider Trading Arrangements [Line Items]"
}
}
},
"auth_ref": [
"r984"
]
},
"ecd_InsiderTradingPoliciesProcLineItems": {
"xbrltype": "stringItemType",
"nsuri": "http://xbrl.sec.gov/ecd/2024",
"localname": "InsiderTradingPoliciesProcLineItems",
"lang": {
"en-us": {
"role": {
"label": "Insider Trading Policies and Procedures [Line Items]"
}
}
},
"auth_ref": [
"r914",
"r990"
]
},
"ecd_InsiderTrdPoliciesProcAdoptedFlag": {
"xbrltype": "booleanItemType",
"nsuri": "http://xbrl.sec.gov/ecd/2024",
"localname": "InsiderTrdPoliciesProcAdoptedFlag",
"presentation": [
"http://xbrl.sec.gov/ecd/role/InsiderTradingPoliciesProc"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Insider Trading Policies and Procedures Adopted",
"label": "Insider Trading Policies and Procedures Adopted [Flag]"
}
}
},
"auth_ref": [
"r914",
"r990"
]
},
"ecd_InsiderTrdPoliciesProcNotAdoptedTextBlock": {
"xbrltype": "textBlockItemType",
"nsuri": "http://xbrl.sec.gov/ecd/2024",
"localname": "InsiderTrdPoliciesProcNotAdoptedTextBlock",
"presentation": [
"http://xbrl.sec.gov/ecd/role/InsiderTradingPoliciesProc"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Insider Trading Policies and Procedures Not Adopted",
"label": "Insider Trading Policies and Procedures Not Adopted [Text Block]"
}
}
},
"auth_ref": [
"r914",
"r990"
]
},
"us-gaap_InterestIncomeExpenseNonoperatingNet": {
"xbrltype": "monetaryItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "InterestIncomeExpenseNonoperatingNet",
"crdr": "credit",
"calculation": {
"http://heidrick.com/role/CONDENSEDCONSOLIDATEDSTATEMENTSOFCOMPREHENSIVEINCOME": {
"parentTag": "us-gaap_NonoperatingIncomeExpense",
"weight": 1.0,
"order": 1.0
},
"http://heidrick.com/role/SegmentInformationAdjustedEBITDADetails": {
"parentTag": "us-gaap_NetIncomeLoss",
"weight": 1.0,
"order": 2.0
}
},
"presentation": [
"http://heidrick.com/role/CONDENSEDCONSOLIDATEDSTATEMENTSOFCOMPREHENSIVEINCOME",
"http://heidrick.com/role/SegmentInformationAdjustedEBITDADetails"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Interest, net",
"negatedTerseLabel": "Interest, net",
"label": "Interest Income (Expense), Nonoperating",
"documentation": "Amount of interest income (expense) classified as nonoperating."
}
}
},
"auth_ref": [
"r848",
"r1020",
"r1034"
]
},
"us-gaap_InvestmentsMember": {
"xbrltype": "domainItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "InvestmentsMember",
"presentation": [
"http://heidrick.com/role/FinancialInstrumentsandFairValueScheduleofFairValueSeparateAccountInvestmentDetails"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Investments",
"label": "Investments [Member]",
"documentation": "Assets held for their financial return, rather than for the entity's operations."
}
}
},
"auth_ref": []
},
"us-gaap_LaborAndRelatedExpense": {
"xbrltype": "monetaryItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "LaborAndRelatedExpense",
"crdr": "debit",
"calculation": {
"http://heidrick.com/role/CONDENSEDCONSOLIDATEDSTATEMENTSOFCOMPREHENSIVEINCOME": {
"parentTag": "us-gaap_CostsAndExpenses",
"weight": 1.0,
"order": 4.0
}
},
"presentation": [
"http://heidrick.com/role/CONDENSEDCONSOLIDATEDSTATEMENTSOFCOMPREHENSIVEINCOME"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Salaries and benefits",
"label": "Labor and Related Expense",
"documentation": "Amount of expense for salary, wage, profit sharing; incentive and equity-based compensation; and other employee benefit."
}
}
},
"auth_ref": [
"r1019"
]
},
"hsii_LaborAndRelatedExpenseAdjusted": {
"xbrltype": "monetaryItemType",
"nsuri": "http://heidrick.com/20250331",
"localname": "LaborAndRelatedExpenseAdjusted",
"crdr": "debit",
"calculation": {
"http://heidrick.com/role/SegmentInformationReconciliationofAdjustedEBITDAfromSegmentstoConsolidatedDetails": {
"parentTag": "hsii_CostsAndExpensesAdjusted",
"weight": 1.0,
"order": 3.0
}
},
"presentation": [
"http://heidrick.com/role/SegmentInformationReconciliationofAdjustedEBITDAfromSegmentstoConsolidatedDetails"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Salary and benefits",
"label": "Labor and Related Expense, Adjusted",
"documentation": "Labor and Related Expense, Adjusted"
}
}
},
"auth_ref": []
},
"us-gaap_LeaseCost": {
"xbrltype": "monetaryItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "LeaseCost",
"crdr": "debit",
"calculation": {
"http://heidrick.com/role/LeasesScheduleofLeaseCostDetails": {
"parentTag": null,
"weight": null,
"order": null,
"root": true
}
},
"presentation": [
"http://heidrick.com/role/LeasesScheduleofLeaseCostDetails"
],
"lang": {
"en-us": {
"role": {
"totalLabel": "Total lease cost",
"label": "Lease, Cost",
"documentation": "Amount of lease cost recognized by lessee for lease contract."
}
}
},
"auth_ref": [
"r629",
"r886"
]
},
"us-gaap_LeaseCostTableTextBlock": {
"xbrltype": "textBlockItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "LeaseCostTableTextBlock",
"presentation": [
"http://heidrick.com/role/LeasesTables"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Schedule of Lease Cost",
"label": "Lease, Cost [Table Text Block]",
"documentation": "Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income."
}
}
},
"auth_ref": [
"r1110"
]
},
"us-gaap_LeaseholdImprovementsMember": {
"xbrltype": "domainItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "LeaseholdImprovementsMember",
"presentation": [
"http://heidrick.com/role/PropertyandEquipmentnetScheduleofPropertyandEquipmentDetails"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Leasehold improvements",
"label": "Leasehold Improvements [Member]",
"documentation": "Additions or improvements to assets held under a lease arrangement."
}
}
},
"auth_ref": [
"r92",
"r637"
]
},
"us-gaap_LeasesAbstract": {
"xbrltype": "stringItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "LeasesAbstract",
"lang": {
"en-us": {
"role": {
"label": "Leases [Abstract]"
}
}
},
"auth_ref": []
},
"us-gaap_LesseeLeaseDescriptionLineItems": {
"xbrltype": "stringItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "LesseeLeaseDescriptionLineItems",
"presentation": [
"http://heidrick.com/role/LeasesNarrativeDetails"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Lessee, Lease, Description [Line Items]",
"label": "Lessee, Lease, Description [Line Items]",
"documentation": "Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table."
}
}
},
"auth_ref": [
"r628",
"r638"
]
},
"us-gaap_LesseeLeaseDescriptionTable": {
"xbrltype": "stringItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "LesseeLeaseDescriptionTable",
"presentation": [
"http://heidrick.com/role/LeasesNarrativeDetails"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Lessee, Lease, Description [Table]",
"label": "Lessee, Lease, Description [Table]",
"documentation": "Disclosure of information about lessee's leases."
}
}
},
"auth_ref": [
"r628",
"r638"
]
},
"us-gaap_LesseeLeasesPolicyTextBlock": {
"xbrltype": "textBlockItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "LesseeLeasesPolicyTextBlock",
"presentation": [
"http://heidrick.com/role/SummaryofSignificantAccountingPoliciesPolicies"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Leases",
"label": "Lessee, Leases [Policy Text Block]",
"documentation": "Disclosure of accounting policy for leasing arrangement entered into by lessee."
}
}
},
"auth_ref": [
"r627"
]
},
"us-gaap_LesseeOperatingLeaseLiabilityMaturityTableTextBlock": {
"xbrltype": "textBlockItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "LesseeOperatingLeaseLiabilityMaturityTableTextBlock",
"presentation": [
"http://heidrick.com/role/LeasesTables"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Schedule of Future Maturities for Operating Leases",
"label": "Lessee, Operating Lease, Liability, to be Paid, Maturity [Table Text Block]",
"documentation": "Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position."
}
}
},
"auth_ref": [
"r1111"
]
},
"us-gaap_LesseeOperatingLeaseLiabilityPaymentsDue": {
"xbrltype": "monetaryItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "LesseeOperatingLeaseLiabilityPaymentsDue",
"crdr": "credit",
"calculation": {
"http://heidrick.com/role/LeasesScheduleofFutureMaturitiesforOperatingLeasesDetails": {
"parentTag": null,
"weight": null,
"order": null,
"root": true
},
"http://heidrick.com/role/LeasesScheduleofFutureMaturitiesforOperatingLeasesDetails_1": {
"parentTag": null,
"weight": null,
"order": null,
"root": true
}
},
"presentation": [
"http://heidrick.com/role/LeasesScheduleofFutureMaturitiesforOperatingLeasesDetails"
],
"lang": {
"en-us": {
"role": {
"totalLabel": "Total lease payments",
"label": "Lessee, Operating Lease, Liability, to be Paid",
"documentation": "Amount of lessee's undiscounted obligation for lease payment for operating lease."
}
}
},
"auth_ref": [
"r636"
]
},
"us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths": {
"xbrltype": "monetaryItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths",
"crdr": "credit",
"calculation": {
"http://heidrick.com/role/LeasesScheduleofFutureMaturitiesforOperatingLeasesDetails_1": {
"parentTag": "us-gaap_LesseeOperatingLeaseLiabilityPaymentsDue",
"weight": 1.0,
"order": 3.0
}
},
"presentation": [
"http://heidrick.com/role/LeasesScheduleofFutureMaturitiesforOperatingLeasesDetails"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "2026",
"label": "Lessee, Operating Lease, Liability, to be Paid, Year One",
"documentation": "Amount of lessee's undiscounted obligation for lease payment for operating lease to be paid in next fiscal year following current fiscal year. Excludes interim and annual periods when interim periods are reported from current statement of financial position date (rolling approach)."
}
}
},
"auth_ref": [
"r636"
]
},
"us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearFour": {
"xbrltype": "monetaryItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "LesseeOperatingLeaseLiabilityPaymentsDueYearFour",
"crdr": "credit",
"calculation": {
"http://heidrick.com/role/LeasesScheduleofFutureMaturitiesforOperatingLeasesDetails_1": {
"parentTag": "us-gaap_LesseeOperatingLeaseLiabilityPaymentsDue",
"weight": 1.0,
"order": 1.0
}
},
"presentation": [
"http://heidrick.com/role/LeasesScheduleofFutureMaturitiesforOperatingLeasesDetails"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "2029",
"label": "Lessee, Operating Lease, Liability, to be Paid, Year Four",
"documentation": "Amount of lessee's undiscounted obligation for lease payment for operating lease to be paid in fourth fiscal year following current fiscal year. Excludes interim and annual periods when interim periods are reported from current statement of financial position date (rolling approach)."
}
}
},
"auth_ref": [
"r636"
]
},
"us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearThree": {
"xbrltype": "monetaryItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "LesseeOperatingLeaseLiabilityPaymentsDueYearThree",
"crdr": "credit",
"calculation": {
"http://heidrick.com/role/LeasesScheduleofFutureMaturitiesforOperatingLeasesDetails_1": {
"parentTag": "us-gaap_LesseeOperatingLeaseLiabilityPaymentsDue",
"weight": 1.0,
"order": 5.0
}
},
"presentation": [
"http://heidrick.com/role/LeasesScheduleofFutureMaturitiesforOperatingLeasesDetails"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "2028",
"label": "Lessee, Operating Lease, Liability, to be Paid, Year Three",
"documentation": "Amount of lessee's undiscounted obligation for lease payment for operating lease to be paid in third fiscal year following current fiscal year. Excludes interim and annual periods when interim periods are reported from current statement of financial position date (rolling approach)."
}
}
},
"auth_ref": [
"r636"
]
},
"us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearTwo": {
"xbrltype": "monetaryItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "LesseeOperatingLeaseLiabilityPaymentsDueYearTwo",
"crdr": "credit",
"calculation": {
"http://heidrick.com/role/LeasesScheduleofFutureMaturitiesforOperatingLeasesDetails_1": {
"parentTag": "us-gaap_LesseeOperatingLeaseLiabilityPaymentsDue",
"weight": 1.0,
"order": 2.0
}
},
"presentation": [
"http://heidrick.com/role/LeasesScheduleofFutureMaturitiesforOperatingLeasesDetails"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "2027",
"label": "Lessee, Operating Lease, Liability, to be Paid, Year Two",
"documentation": "Amount of lessee's undiscounted obligation for lease payment for operating lease to be paid in second fiscal year following current fiscal year. Excludes interim and annual periods when interim periods are reported from current statement of financial position date (rolling approach)."
}
}
},
"auth_ref": [
"r636"
]
},
"us-gaap_LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear": {
"xbrltype": "monetaryItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear",
"crdr": "credit",
"calculation": {
"http://heidrick.com/role/LeasesScheduleofFutureMaturitiesforOperatingLeasesDetails_1": {
"parentTag": "us-gaap_LesseeOperatingLeaseLiabilityPaymentsDue",
"weight": 1.0,
"order": 6.0
}
},
"presentation": [
"http://heidrick.com/role/LeasesScheduleofFutureMaturitiesforOperatingLeasesDetails"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "2025",
"label": "Lessee, Operating Lease, Liability, to be Paid, Remainder of Fiscal Year",
"documentation": "Amount of lessee's undiscounted obligation for lease payment for operating lease having initial or remaining lease term in excess of one year to be paid in remainder of current fiscal year."
}
}
},
"auth_ref": [
"r1111"
]
},
"hsii_LesseeOperatingLeaseLiabilityToBePaidAfterYearFour": {
"xbrltype": "monetaryItemType",
"nsuri": "http://heidrick.com/20250331",
"localname": "LesseeOperatingLeaseLiabilityToBePaidAfterYearFour",
"crdr": "credit",
"calculation": {
"http://heidrick.com/role/LeasesScheduleofFutureMaturitiesforOperatingLeasesDetails_1": {
"parentTag": "us-gaap_LesseeOperatingLeaseLiabilityPaymentsDue",
"weight": 1.0,
"order": 4.0
}
},
"presentation": [
"http://heidrick.com/role/LeasesScheduleofFutureMaturitiesforOperatingLeasesDetails"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Thereafter",
"label": "Lessee, Operating Lease, Liability, to be Paid, After Year Four",
"documentation": "Lessee, Operating Lease, Liability, to be Paid, After Year Four"
}
}
},
"auth_ref": []
},
"us-gaap_LesseeOperatingLeaseLiabilityUndiscountedExcessAmount": {
"xbrltype": "monetaryItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "LesseeOperatingLeaseLiabilityUndiscountedExcessAmount",
"crdr": "credit",
"calculation": {
"http://heidrick.com/role/LeasesScheduleofFutureMaturitiesforOperatingLeasesDetails": {
"parentTag": "us-gaap_LesseeOperatingLeaseLiabilityPaymentsDue",
"weight": 1.0,
"order": 1.0
}
},
"presentation": [
"http://heidrick.com/role/LeasesScheduleofFutureMaturitiesforOperatingLeasesDetails"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Less: Interest",
"label": "Lessee, Operating Lease, Liability, Undiscounted Excess Amount",
"documentation": "Amount of lessee's undiscounted obligation for lease payments in excess of discounted obligation for lease payments for operating lease."
}
}
},
"auth_ref": [
"r636"
]
},
"us-gaap_LesseeOperatingLeaseTermOfContract": {
"xbrltype": "durationItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "LesseeOperatingLeaseTermOfContract",
"presentation": [
"http://heidrick.com/role/LeasesNarrativeDetails"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Lessee, operating lease, term of contract (in years)",
"label": "Lessee, Operating Lease, Term of Contract",
"documentation": "Term of lessee's operating lease, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents reported fact of one year, five months, and thirteen days."
}
}
},
"auth_ref": [
"r1109"
]
},
"us-gaap_LesseeOperatingLeasesTextBlock": {
"xbrltype": "textBlockItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "LesseeOperatingLeasesTextBlock",
"presentation": [
"http://heidrick.com/role/Leases"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Leases",
"label": "Lessee, Operating Leases [Text Block]",
"documentation": "The entire disclosure for operating leases of lessee. Includes, but is not limited to, description of operating lease and maturity analysis of operating lease liability."
}
}
},
"auth_ref": [
"r622"
]
},
"us-gaap_LetterOfCreditMember": {
"xbrltype": "domainItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "LetterOfCreditMember",
"presentation": [
"http://heidrick.com/role/LineofCreditDetails"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Letter of Credit",
"label": "Letter of Credit [Member]",
"documentation": "A document typically issued by a financial institution which acts as a guarantee of payment to a beneficiary, or as the source of payment for a specific transaction (for example, wiring funds to a foreign exporter if and when specified merchandise is accepted pursuant to the terms of the letter of credit)."
}
}
},
"auth_ref": []
},
"us-gaap_Liabilities": {
"xbrltype": "monetaryItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "Liabilities",
"crdr": "credit",
"calculation": {
"http://heidrick.com/role/CONDENSEDCONSOLIDATEDBALANCESHEETS": {
"parentTag": "us-gaap_LiabilitiesAndStockholdersEquity",
"weight": 1.0,
"order": 3.0
}
},
"presentation": [
"http://heidrick.com/role/CONDENSEDCONSOLIDATEDBALANCESHEETS"
],
"lang": {
"en-us": {
"role": {
"totalLabel": "Total liabilities",
"label": "Liabilities",
"documentation": "Amount of liability recognized for present obligation requiring transfer or otherwise providing economic benefit to others."
}
}
},
"auth_ref": [
"r13",
"r55",
"r56",
"r57",
"r59",
"r60",
"r61",
"r62",
"r198",
"r299",
"r379",
"r380",
"r382",
"r383",
"r384",
"r385",
"r386",
"r388",
"r389",
"r577",
"r578",
"r579",
"r612",
"r769",
"r842",
"r909",
"r1085",
"r1113",
"r1114"
]
},
"us-gaap_LiabilitiesAndStockholdersEquity": {
"xbrltype": "monetaryItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "LiabilitiesAndStockholdersEquity",
"crdr": "credit",
"calculation": {
"http://heidrick.com/role/CONDENSEDCONSOLIDATEDBALANCESHEETS": {
"parentTag": null,
"weight": null,
"order": null,
"root": true
}
},
"presentation": [
"http://heidrick.com/role/CONDENSEDCONSOLIDATEDBALANCESHEETS"
],
"lang": {
"en-us": {
"role": {
"totalLabel": "Total liabilities and stockholders\u2019 equity",
"label": "Liabilities and Equity",
"documentation": "Amount of liabilities and equity items, including the portion of equity attributable to noncontrolling interests, if any."
}
}
},
"auth_ref": [
"r69",
"r112",
"r721",
"r887",
"r1026",
"r1046",
"r1104"
]
},
"us-gaap_LiabilitiesCurrent": {
"xbrltype": "monetaryItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "LiabilitiesCurrent",
"crdr": "credit",
"calculation": {
"http://heidrick.com/role/CONDENSEDCONSOLIDATEDBALANCESHEETS": {
"parentTag": "us-gaap_Liabilities",
"weight": 1.0,
"order": 2.0
}
},
"presentation": [
"http://heidrick.com/role/CONDENSEDCONSOLIDATEDBALANCESHEETS"
],
"lang": {
"en-us": {
"role": {
"totalLabel": "Total current liabilities",
"label": "Liabilities, Current",
"documentation": "Total obligations incurred as part of normal operations that are expected to be paid during the following twelve months or within one business cycle, if longer."
}
}
},
"auth_ref": [
"r57",
"r162",
"r198",
"r299",
"r379",
"r380",
"r382",
"r383",
"r384",
"r385",
"r386",
"r388",
"r389",
"r577",
"r578",
"r579",
"r612",
"r887",
"r1085",
"r1113",
"r1114"
]
},
"us-gaap_LiabilitiesCurrentAbstract": {
"xbrltype": "stringItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "LiabilitiesCurrentAbstract",
"presentation": [
"http://heidrick.com/role/CONDENSEDCONSOLIDATEDBALANCESHEETS"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Current liabilities",
"label": "Liabilities, Current [Abstract]"
}
}
},
"auth_ref": []
},
"us-gaap_LiabilitiesNoncurrent": {
"xbrltype": "monetaryItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "LiabilitiesNoncurrent",
"crdr": "credit",
"calculation": {
"http://heidrick.com/role/CONDENSEDCONSOLIDATEDBALANCESHEETS": {
"parentTag": "us-gaap_Liabilities",
"weight": 1.0,
"order": 1.0
}
},
"presentation": [
"http://heidrick.com/role/CONDENSEDCONSOLIDATEDBALANCESHEETS"
],
"lang": {
"en-us": {
"role": {
"totalLabel": "Total non-current liabilities",
"label": "Liabilities, Noncurrent",
"documentation": "Amount of obligation due after one year or beyond the normal operating cycle, if longer."
}
}
},
"auth_ref": [
"r13",
"r59",
"r60",
"r61",
"r62",
"r198",
"r299",
"r379",
"r380",
"r382",
"r383",
"r384",
"r385",
"r386",
"r388",
"r389",
"r577",
"r578",
"r579",
"r612",
"r1085",
"r1113",
"r1114"
]
},
"us-gaap_LiabilitiesNoncurrentAbstract": {
"xbrltype": "stringItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "LiabilitiesNoncurrentAbstract",
"presentation": [
"http://heidrick.com/role/CONDENSEDCONSOLIDATEDBALANCESHEETS"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Non-current liabilities",
"label": "Liabilities, Noncurrent [Abstract]"
}
}
},
"auth_ref": []
},
"us-gaap_LineOfCredit": {
"xbrltype": "monetaryItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "LineOfCredit",
"crdr": "credit",
"presentation": [
"http://heidrick.com/role/LineofCreditDetails"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Outstanding borrowings",
"label": "Long-Term Line of Credit",
"documentation": "The carrying value as of the balance sheet date of the current and noncurrent portions of long-term obligations drawn from a line of credit, which is a bank's commitment to make loans up to a specific amount. Examples of items that might be included in the application of this element may consist of letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to a maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line. Includes short-term obligations that would normally be classified as current liabilities but for which (a) postbalance sheet date issuance of a long term obligation to refinance the short term obligation on a long term basis, or (b) the enterprise has entered into a financing agreement that clearly permits the enterprise to refinance the short-term obligation on a long term basis and the following conditions are met (1) the agreement does not expire within 1 year and is not cancelable by the lender except for violation of an objectively determinable provision, (2) no violation exists at the BS date, and (3) the lender has entered into the financing agreement is expected to be financially capable of honoring the agreement."
}
}
},
"auth_ref": [
"r13",
"r110",
"r1125"
]
},
"hsii_LineOfCreditFacilityAccordionFeatureIncreaseLimit": {
"xbrltype": "monetaryItemType",
"nsuri": "http://heidrick.com/20250331",
"localname": "LineOfCreditFacilityAccordionFeatureIncreaseLimit",
"crdr": "credit",
"presentation": [
"http://heidrick.com/role/LineofCreditDetails"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Expansion borrowing capacity",
"label": "Line of Credit Facility, Accordion Feature, Increase Limit",
"documentation": "Line of Credit Facility, Accordion Feature, Increase Limit"
}
}
},
"auth_ref": []
},
"us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity": {
"xbrltype": "monetaryItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "LineOfCreditFacilityMaximumBorrowingCapacity",
"crdr": "credit",
"presentation": [
"http://heidrick.com/role/LineofCreditDetails"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Line of credit facility, maximum borrowing capacity",
"label": "Line of Credit Facility, Maximum Borrowing Capacity",
"documentation": "Maximum borrowing capacity under the credit facility without consideration of any current restrictions on the amount that could be borrowed or the amounts currently outstanding under the facility."
}
}
},
"auth_ref": [
"r54",
"r58"
]
},
"us-gaap_LineOfCreditMember": {
"xbrltype": "domainItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "LineOfCreditMember",
"presentation": [
"http://heidrick.com/role/LineofCreditDetails"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Line of Credit",
"label": "Line of Credit [Member]",
"documentation": "A contractual arrangement with a lender under which borrowings can be made up to a specific amount at any point in time, and under which borrowings outstanding may be either short-term or long-term, depending upon the particulars."
}
}
},
"auth_ref": []
},
"us-gaap_LoansNotesTradeAndOtherReceivablesDisclosureTextBlock": {
"xbrltype": "textBlockItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "LoansNotesTradeAndOtherReceivablesDisclosureTextBlock",
"presentation": [
"http://heidrick.com/role/CreditLosses"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Credit Losses",
"label": "Loans, Notes, Trade and Other Receivables Disclosure [Text Block]",
"documentation": "The entire disclosure for claims held for amounts due to entity, excluding financing receivables. Examples include, but are not limited to, trade accounts receivables, notes receivables, loans receivables. Includes disclosure for allowance for credit losses."
}
}
},
"auth_ref": [
"r620",
"r1039"
]
},
"dei_LocalPhoneNumber": {
"xbrltype": "normalizedStringItemType",
"nsuri": "http://xbrl.sec.gov/dei/2024",
"localname": "LocalPhoneNumber",
"presentation": [
"http://heidrick.com/role/Cover"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Local Phone Number",
"label": "Local Phone Number",
"documentation": "Local phone number for entity."
}
}
},
"auth_ref": []
},
"us-gaap_LongTermInvestments": {
"xbrltype": "monetaryItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "LongTermInvestments",
"crdr": "debit",
"calculation": {
"http://heidrick.com/role/CONDENSEDCONSOLIDATEDBALANCESHEETS": {
"parentTag": "us-gaap_AssetsNoncurrent",
"weight": 1.0,
"order": 3.0
}
},
"presentation": [
"http://heidrick.com/role/CONDENSEDCONSOLIDATEDBALANCESHEETS"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Investments",
"label": "Long-Term Investments",
"documentation": "The total amount of investments that are intended to be held for an extended period of time (longer than one operating cycle)."
}
}
},
"auth_ref": [
"r164"
]
},
"us-gaap_LongtermDebtTypeAxis": {
"xbrltype": "stringItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "LongtermDebtTypeAxis",
"presentation": [
"http://heidrick.com/role/LineofCreditDetails"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Long-Term Debt, Type [Axis]",
"label": "Long-Term Debt, Type [Axis]",
"documentation": "Information by type of long-term debt."
}
}
},
"auth_ref": [
"r13",
"r1076",
"r1077",
"r1078"
]
},
"us-gaap_LongtermDebtTypeDomain": {
"xbrltype": "domainItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "LongtermDebtTypeDomain",
"presentation": [
"http://heidrick.com/role/LineofCreditDetails"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Long-Term Debt, Type [Domain]",
"label": "Long-Term Debt, Type [Domain]",
"documentation": "Type of long-term debt arrangement, such as notes, line of credit, commercial paper, asset-based financing, project financing, letter of credit financing. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the company, if longer."
}
}
},
"auth_ref": [
"r13",
"r33",
"r1076",
"r1077",
"r1078"
]
},
"us-gaap_MarketableSecurities": {
"xbrltype": "monetaryItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "MarketableSecurities",
"crdr": "debit",
"presentation": [
"http://heidrick.com/role/FinancialInstrumentsandFairValueScheduleofUnrealizedGainLossonInvestmentsDetails"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Marketable Securities",
"label": "Marketable Securities",
"documentation": "Amount of investment in marketable security."
}
}
},
"auth_ref": [
"r113",
"r1013"
]
},
"us-gaap_MarketableSecuritiesCurrent": {
"xbrltype": "monetaryItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "MarketableSecuritiesCurrent",
"crdr": "debit",
"calculation": {
"http://heidrick.com/role/CONDENSEDCONSOLIDATEDBALANCESHEETS": {
"parentTag": "us-gaap_AssetsCurrent",
"weight": 1.0,
"order": 3.0
}
},
"presentation": [
"http://heidrick.com/role/CONDENSEDCONSOLIDATEDBALANCESHEETS"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Marketable securities",
"label": "Marketable Securities, Current",
"documentation": "Amount of investment in marketable security, classified as current."
}
}
},
"auth_ref": [
"r1013"
]
},
"us-gaap_MarketableSecuritiesPolicy": {
"xbrltype": "textBlockItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "MarketableSecuritiesPolicy",
"presentation": [
"http://heidrick.com/role/SummaryofSignificantAccountingPoliciesPolicies"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Marketable Securities",
"label": "Marketable Securities, Policy [Policy Text Block]",
"documentation": "Disclosure of accounting policy for investment classified as marketable security."
}
}
},
"auth_ref": [
"r50"
]
},
"us-gaap_MaterialReconcilingItemsMember": {
"xbrltype": "domainItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "MaterialReconcilingItemsMember",
"presentation": [
"http://heidrick.com/role/SegmentInformationReconciliationofAdjustedEBITDAfromSegmentstoConsolidatedDetails",
"http://heidrick.com/role/SegmentInformationScheduleofSegmentReportingInformationbySegmentDetail"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Research and development",
"label": "Segment Reporting, Reconciling Item, Excluding Corporate Nonsegment [Member]",
"documentation": "Items used in reconciling reportable segments' amounts to consolidated amount. Excludes corporate-level activity."
}
}
},
"auth_ref": [
"r250",
"r253",
"r256",
"r848",
"r849"
]
},
"srt_MaximumMember": {
"xbrltype": "domainItemType",
"nsuri": "http://fasb.org/srt/2024",
"localname": "MaximumMember",
"presentation": [
"http://heidrick.com/role/LeasesNarrativeDetails",
"http://heidrick.com/role/StockBasedCompensationandCommonStockNarrativeDetails"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Maximum",
"label": "Maximum [Member]",
"documentation": "Upper limit of the provided range."
}
}
},
"auth_ref": [
"r128",
"r130",
"r132",
"r133",
"r135",
"r156",
"r157",
"r364",
"r365",
"r366",
"r367",
"r507",
"r548",
"r594",
"r671",
"r742",
"r743",
"r750",
"r761",
"r762",
"r813",
"r815",
"r817",
"r818",
"r820",
"r833",
"r834",
"r853",
"r863",
"r872",
"r878",
"r879",
"r883",
"r884",
"r897",
"r1087",
"r1115",
"r1116",
"r1117",
"r1118",
"r1119",
"r1120"
]
},
"ecd_MeasureAxis": {
"xbrltype": "stringItemType",
"nsuri": "http://xbrl.sec.gov/ecd/2024",
"localname": "MeasureAxis",
"presentation": [
"http://xbrl.sec.gov/ecd/role/PvpDisclosure"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Measure:",
"label": "Measure [Axis]"
}
}
},
"auth_ref": [
"r958"
]
},
"ecd_MeasureName": {
"xbrltype": "normalizedStringItemType",
"nsuri": "http://xbrl.sec.gov/ecd/2024",
"localname": "MeasureName",
"presentation": [
"http://xbrl.sec.gov/ecd/role/PvpDisclosure"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Name",
"label": "Measure Name"
}
}
},
"auth_ref": [
"r958"
]
},
"srt_MinimumMember": {
"xbrltype": "domainItemType",
"nsuri": "http://fasb.org/srt/2024",
"localname": "MinimumMember",
"presentation": [
"http://heidrick.com/role/LeasesNarrativeDetails",
"http://heidrick.com/role/StockBasedCompensationandCommonStockNarrativeDetails"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Minimum",
"label": "Minimum [Member]",
"documentation": "Lower limit of the provided range."
}
}
},
"auth_ref": [
"r128",
"r130",
"r132",
"r133",
"r135",
"r156",
"r157",
"r364",
"r365",
"r366",
"r367",
"r507",
"r548",
"r594",
"r671",
"r742",
"r743",
"r750",
"r761",
"r762",
"r813",
"r815",
"r817",
"r818",
"r820",
"r833",
"r834",
"r853",
"r863",
"r872",
"r878",
"r879",
"r883",
"r897",
"r1087",
"r1115",
"r1116",
"r1117",
"r1118",
"r1119",
"r1120"
]
},
"ecd_MnpiDiscTimedForCompValFlag": {
"xbrltype": "booleanItemType",
"nsuri": "http://xbrl.sec.gov/ecd/2024",
"localname": "MnpiDiscTimedForCompValFlag",
"presentation": [
"http://xbrl.sec.gov/ecd/role/AwardTimingDisclosure"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "MNPI Disclosure Timed for Compensation Value",
"label": "MNPI Disclosure Timed for Compensation Value [Flag]"
}
}
},
"auth_ref": [
"r977"
]
},
"us-gaap_MoneyMarketFundsMember": {
"xbrltype": "domainItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "MoneyMarketFundsMember",
"presentation": [
"http://heidrick.com/role/FinancialInstrumentsandFairValueScheduleofUnrealizedGainLossonInvestmentsDetails"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Money market funds",
"label": "Money Market Funds [Member]",
"documentation": "Fund that invests in short-term money-market instruments, for example, but not limited to, commercial paper, banker's acceptances, repurchase agreements, government securities, certificates of deposit, and other highly liquid securities."
}
}
},
"auth_ref": [
"r1093"
]
},
"ecd_MtrlTermsOfTrdArrTextBlock": {
"xbrltype": "textBlockItemType",
"nsuri": "http://xbrl.sec.gov/ecd/2024",
"localname": "MtrlTermsOfTrdArrTextBlock",
"presentation": [
"http://xbrl.sec.gov/ecd/role/InsiderTradingArrangements"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Material Terms of Trading Arrangement",
"label": "Material Terms of Trading Arrangement [Text Block]"
}
}
},
"auth_ref": [
"r985"
]
},
"ecd_NamedExecutiveOfficersFnTextBlock": {
"xbrltype": "textBlockItemType",
"nsuri": "http://xbrl.sec.gov/ecd/2024",
"localname": "NamedExecutiveOfficersFnTextBlock",
"presentation": [
"http://xbrl.sec.gov/ecd/role/PvpDisclosure"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Named Executive Officers, Footnote",
"label": "Named Executive Officers, Footnote [Text Block]"
}
}
},
"auth_ref": [
"r959"
]
},
"us-gaap_NetCashProvidedByUsedInFinancingActivities": {
"xbrltype": "monetaryItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "NetCashProvidedByUsedInFinancingActivities",
"crdr": "debit",
"calculation": {
"http://heidrick.com/role/CONDENSEDCONSOLIDATEDSTATEMENTSOFCASHFLOWS": {
"parentTag": "us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect",
"weight": 1.0,
"order": 2.0
}
},
"presentation": [
"http://heidrick.com/role/CONDENSEDCONSOLIDATEDSTATEMENTSOFCASHFLOWS"
],
"lang": {
"en-us": {
"role": {
"totalLabel": "Net cash used in financing activities",
"label": "Net Cash Provided by (Used in) Financing Activities",
"documentation": "Amount of cash inflow (outflow) from financing activities, including discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit."
}
}
},
"auth_ref": [
"r195"
]
},
"us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract": {
"xbrltype": "stringItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "NetCashProvidedByUsedInFinancingActivitiesAbstract",
"presentation": [
"http://heidrick.com/role/CONDENSEDCONSOLIDATEDSTATEMENTSOFCASHFLOWS"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Cash flows - financing activities",
"label": "Net Cash Provided by (Used in) Financing Activities [Abstract]"
}
}
},
"auth_ref": []
},
"us-gaap_NetCashProvidedByUsedInInvestingActivities": {
"xbrltype": "monetaryItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "NetCashProvidedByUsedInInvestingActivities",
"crdr": "debit",
"calculation": {
"http://heidrick.com/role/CONDENSEDCONSOLIDATEDSTATEMENTSOFCASHFLOWS": {
"parentTag": "us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect",
"weight": 1.0,
"order": 1.0
}
},
"presentation": [
"http://heidrick.com/role/CONDENSEDCONSOLIDATEDSTATEMENTSOFCASHFLOWS"
],
"lang": {
"en-us": {
"role": {
"totalLabel": "Net cash provided by (used in) investing activities",
"label": "Net Cash Provided by (Used in) Investing Activities",
"documentation": "Amount of cash inflow (outflow) from investing activities, including discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets."
}
}
},
"auth_ref": [
"r195"
]
},
"us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract": {
"xbrltype": "stringItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "NetCashProvidedByUsedInInvestingActivitiesAbstract",
"presentation": [
"http://heidrick.com/role/CONDENSEDCONSOLIDATEDSTATEMENTSOFCASHFLOWS"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Cash flows - investing activities",
"label": "Net Cash Provided by (Used in) Investing Activities [Abstract]"
}
}
},
"auth_ref": []
},
"us-gaap_NetCashProvidedByUsedInOperatingActivities": {
"xbrltype": "monetaryItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "NetCashProvidedByUsedInOperatingActivities",
"calculation": {
"http://heidrick.com/role/CONDENSEDCONSOLIDATEDSTATEMENTSOFCASHFLOWS": {
"parentTag": "us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect",
"weight": 1.0,
"order": 3.0
}
},
"presentation": [
"http://heidrick.com/role/CONDENSEDCONSOLIDATEDSTATEMENTSOFCASHFLOWS"
],
"lang": {
"en-us": {
"role": {
"totalLabel": "Net cash used in operating activities",
"label": "Net Cash Provided by (Used in) Operating Activities",
"documentation": "Amount of cash inflow (outflow) from operating activities, including discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities."
}
}
},
"auth_ref": [
"r86",
"r87",
"r88"
]
},
"us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract": {
"xbrltype": "stringItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "NetCashProvidedByUsedInOperatingActivitiesAbstract",
"presentation": [
"http://heidrick.com/role/CONDENSEDCONSOLIDATEDSTATEMENTSOFCASHFLOWS"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Cash flows - operating activities",
"label": "Net Cash Provided by (Used in) Operating Activities [Abstract]"
}
}
},
"auth_ref": []
},
"us-gaap_NetIncomeLoss": {
"xbrltype": "monetaryItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "NetIncomeLoss",
"crdr": "credit",
"calculation": {
"http://heidrick.com/role/CONDENSEDCONSOLIDATEDSTATEMENTSOFCOMPREHENSIVEINCOME": {
"parentTag": "us-gaap_ComprehensiveIncomeNetOfTax",
"weight": 1.0,
"order": 2.0
},
"http://heidrick.com/role/CONDENSEDCONSOLIDATEDSTATEMENTSOFCASHFLOWS": {
"parentTag": "us-gaap_NetCashProvidedByUsedInOperatingActivities",
"weight": 1.0,
"order": 2.0
},
"http://heidrick.com/role/SegmentInformationAdjustedEBITDADetails": {
"parentTag": null,
"weight": null,
"order": null,
"root": true
}
},
"presentation": [
"http://heidrick.com/role/CONDENSEDCONSOLIDATEDSTATEMENTSOFCASHFLOWS",
"http://heidrick.com/role/CONDENSEDCONSOLIDATEDSTATEMENTSOFCHANGESINSTOCKHOLDERSEQUITY",
"http://heidrick.com/role/CONDENSEDCONSOLIDATEDSTATEMENTSOFCOMPREHENSIVEINCOME",
"http://heidrick.com/role/SegmentInformationAdjustedEBITDADetails",
"http://heidrick.com/role/SummaryofSignificantAccountingPoliciesScheduleofEarningsperShareDetails",
"http://xbrl.sec.gov/ecd/role/PvpDisclosure"
],
"lang": {
"en-us": {
"role": {
"totalLabel": "Net income",
"terseLabel": "Net income",
"verboseLabel": "Net income",
"label": "Net Income (Loss) Attributable to Parent",
"documentation": "The portion of profit or loss for the period, net of income taxes, which is attributable to the parent."
}
}
},
"auth_ref": [
"r77",
"r88",
"r114",
"r160",
"r180",
"r183",
"r187",
"r198",
"r204",
"r206",
"r207",
"r208",
"r209",
"r210",
"r213",
"r214",
"r221",
"r299",
"r379",
"r380",
"r382",
"r383",
"r384",
"r385",
"r386",
"r388",
"r389",
"r571",
"r575",
"r589",
"r612",
"r724",
"r793",
"r808",
"r809",
"r908",
"r1085"
]
},
"us-gaap_NewAccountingPronouncementsPolicyPolicyTextBlock": {
"xbrltype": "textBlockItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "NewAccountingPronouncementsPolicyPolicyTextBlock",
"presentation": [
"http://heidrick.com/role/SummaryofSignificantAccountingPoliciesPolicies"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Recently Issued Financial Accounting Standards",
"label": "New Accounting Pronouncements, Policy [Policy Text Block]",
"documentation": "Disclosure of accounting policy pertaining to new accounting pronouncements that may impact the entity's financial reporting. Includes, but is not limited to, quantification of the expected or actual impact."
}
}
},
"auth_ref": []
},
"hsii_NonCurrentAccruedSalariesAndBenefitsMember": {
"xbrltype": "domainItemType",
"nsuri": "http://heidrick.com/20250331",
"localname": "NonCurrentAccruedSalariesAndBenefitsMember",
"presentation": [
"http://heidrick.com/role/FinancialInstrumentsandFairValueNarrativeDetails"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Non-Current Accrued Salaries and Benefits",
"label": "Non-Current Accrued Salaries and Benefits [Member]",
"documentation": "Non-Current Accrued Salaries and Benefits"
}
}
},
"auth_ref": []
},
"hsii_NonCurrentAndOtherNonCurrentLiabilitiesMember": {
"xbrltype": "domainItemType",
"nsuri": "http://heidrick.com/20250331",
"localname": "NonCurrentAndOtherNonCurrentLiabilitiesMember",
"presentation": [
"http://heidrick.com/role/FinancialInstrumentsandFairValueNarrativeDetails"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Non-Current and Other Non-Current Liabilities",
"label": "Non-Current and Other Non-Current Liabilities [Member]",
"documentation": "Non-Current and Other Non-Current Liabilities"
}
}
},
"auth_ref": []
},
"ecd_NonGaapMeasureDescriptionTextBlock": {
"xbrltype": "textBlockItemType",
"nsuri": "http://xbrl.sec.gov/ecd/2024",
"localname": "NonGaapMeasureDescriptionTextBlock",
"presentation": [
"http://xbrl.sec.gov/ecd/role/PvpDisclosure"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Non-GAAP Measure Description",
"label": "Non-GAAP Measure Description [Text Block]"
}
}
},
"auth_ref": [
"r958"
]
},
"ecd_NonNeosMember": {
"xbrltype": "domainItemType",
"nsuri": "http://xbrl.sec.gov/ecd/2024",
"localname": "NonNeosMember",
"presentation": [
"http://xbrl.sec.gov/ecd/role/ErrCompDisclosure"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Non-NEOs",
"label": "Non-NEOs [Member]"
}
}
},
"auth_ref": [
"r922",
"r932",
"r942",
"r966",
"r974"
]
},
"ecd_NonPeoNeoAvgCompActuallyPaidAmt": {
"xbrltype": "monetaryItemType",
"nsuri": "http://xbrl.sec.gov/ecd/2024",
"localname": "NonPeoNeoAvgCompActuallyPaidAmt",
"presentation": [
"http://xbrl.sec.gov/ecd/role/PvpDisclosure"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Non-PEO NEO Average Compensation Actually Paid Amount",
"label": "Non-PEO NEO Average Compensation Actually Paid Amount"
}
}
},
"auth_ref": [
"r949"
]
},
"ecd_NonPeoNeoAvgTotalCompAmt": {
"xbrltype": "monetaryItemType",
"nsuri": "http://xbrl.sec.gov/ecd/2024",
"localname": "NonPeoNeoAvgTotalCompAmt",
"presentation": [
"http://xbrl.sec.gov/ecd/role/PvpDisclosure"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Non-PEO NEO Average Total Compensation Amount",
"label": "Non-PEO NEO Average Total Compensation Amount"
}
}
},
"auth_ref": [
"r948"
]
},
"ecd_NonPeoNeoMember": {
"xbrltype": "domainItemType",
"nsuri": "http://xbrl.sec.gov/ecd/2024",
"localname": "NonPeoNeoMember",
"presentation": [
"http://xbrl.sec.gov/ecd/role/PvpDisclosure"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Non-PEO NEO",
"label": "Non-PEO NEO [Member]"
}
}
},
"auth_ref": [
"r966"
]
},
"ecd_NonRule10b51ArrAdoptedFlag": {
"xbrltype": "booleanItemType",
"nsuri": "http://xbrl.sec.gov/ecd/2024",
"localname": "NonRule10b51ArrAdoptedFlag",
"presentation": [
"http://xbrl.sec.gov/ecd/role/InsiderTradingArrangements"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Non-Rule 10b5-1 Arrangement Adopted",
"label": "Non-Rule 10b5-1 Arrangement Adopted [Flag]"
}
}
},
"auth_ref": [
"r985"
]
},
"ecd_NonRule10b51ArrTrmntdFlag": {
"xbrltype": "booleanItemType",
"nsuri": "http://xbrl.sec.gov/ecd/2024",
"localname": "NonRule10b51ArrTrmntdFlag",
"presentation": [
"http://xbrl.sec.gov/ecd/role/InsiderTradingArrangements"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Non-Rule 10b5-1 Arrangement Terminated",
"label": "Non-Rule 10b5-1 Arrangement Terminated [Flag]"
}
}
},
"auth_ref": [
"r985"
]
},
"us-gaap_NonoperatingIncomeExpense": {
"xbrltype": "monetaryItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "NonoperatingIncomeExpense",
"crdr": "credit",
"calculation": {
"http://heidrick.com/role/CONDENSEDCONSOLIDATEDSTATEMENTSOFCOMPREHENSIVEINCOME": {
"parentTag": null,
"weight": null,
"order": null,
"root": true
}
},
"presentation": [
"http://heidrick.com/role/CONDENSEDCONSOLIDATEDSTATEMENTSOFCOMPREHENSIVEINCOME"
],
"lang": {
"en-us": {
"role": {
"totalLabel": "Net non-operating income",
"label": "Nonoperating Income (Expense)",
"documentation": "The aggregate amount of income or expense from ancillary business-related activities (that is to say, excluding major activities considered part of the normal operations of the business)."
}
}
},
"auth_ref": [
"r80"
]
},
"us-gaap_NonoperatingIncomeExpenseAbstract": {
"xbrltype": "stringItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "NonoperatingIncomeExpenseAbstract",
"presentation": [
"http://heidrick.com/role/CONDENSEDCONSOLIDATEDSTATEMENTSOFCOMPREHENSIVEINCOME"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Non-operating income (expense)",
"label": "Nonoperating Income (Expense) [Abstract]"
}
}
},
"auth_ref": []
},
"us-gaap_NumberOfOperatingSegments": {
"xbrltype": "integerItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "NumberOfOperatingSegments",
"presentation": [
"http://heidrick.com/role/SegmentInformationNarrativeDetails"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Number of operating segments",
"label": "Number of Operating Segments",
"documentation": "Number of operating segments. An operating segment is a component of an enterprise: (a) that engages in business activities from which it may earn revenues and incur expenses (including revenues and expenses relating to transactions with other components of the same enterprise), (b) whose operating results are regularly reviewed by the enterprise's chief operating decision maker to make decisions about resources to be allocated to the segment and assess its performance, and (c) for which discrete financial information is available. An operating segment may engage in business activities for which it has yet to earn revenues, for example, start-up operations may be operating segments before earning revenues."
}
}
},
"auth_ref": [
"r849",
"r1033"
]
},
"us-gaap_NumberOfReportingUnits": {
"xbrltype": "integerItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "NumberOfReportingUnits",
"presentation": [
"http://heidrick.com/role/SummaryofSignificantAccountingPoliciesNarrativeDetails"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Number of reporting units",
"label": "Number of Reporting Units",
"documentation": "Number of reporting units tested for impairment of goodwill. A reporting unit is an operating segment or one level below an operating segment."
}
}
},
"auth_ref": []
},
"hsii_OnDemandTalentSegmentMember": {
"xbrltype": "domainItemType",
"nsuri": "http://heidrick.com/20250331",
"localname": "OnDemandTalentSegmentMember",
"presentation": [
"http://heidrick.com/role/GoodwillandOtherIntangibleAssetsScheduleofChangesinCarryingAmountofGoodwillbySegmentDetails",
"http://heidrick.com/role/GoodwillandOtherIntangibleAssetsScheduleofGoodwillbySegmentDetails",
"http://heidrick.com/role/GoodwillandOtherIntangibleAssetsScheduleofIndefiniteLivedIntangibleAssetsDetails",
"http://heidrick.com/role/RestructuringScheduleofRestructuringChargesReportableSegmentDetails",
"http://heidrick.com/role/SegmentInformationReconciliationofAdjustedEBITDAfromSegmentstoConsolidatedDetails",
"http://heidrick.com/role/SegmentInformationScheduleofSegmentReportingInformationbySegmentDetail"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "On-Demand Talent",
"label": "On-Demand Talent Segment [Member]",
"documentation": "On-Demand Talent Segment"
}
}
},
"auth_ref": []
},
"us-gaap_OperatingExpensesAbstract": {
"xbrltype": "stringItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "OperatingExpensesAbstract",
"presentation": [
"http://heidrick.com/role/CONDENSEDCONSOLIDATEDSTATEMENTSOFCOMPREHENSIVEINCOME"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Operating expenses",
"label": "Operating Expenses [Abstract]"
}
}
},
"auth_ref": []
},
"us-gaap_OperatingIncomeLoss": {
"xbrltype": "monetaryItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "OperatingIncomeLoss",
"crdr": "credit",
"calculation": {
"http://heidrick.com/role/SegmentInformationAdjustedEBITDADetails": {
"parentTag": "us-gaap_NetIncomeLoss",
"weight": 1.0,
"order": 4.0
},
"http://heidrick.com/role/CONDENSEDCONSOLIDATEDSTATEMENTSOFCOMPREHENSIVEINCOME": {
"parentTag": null,
"weight": null,
"order": null,
"root": true
}
},
"presentation": [
"http://heidrick.com/role/CONDENSEDCONSOLIDATEDSTATEMENTSOFCOMPREHENSIVEINCOME",
"http://heidrick.com/role/SegmentInformationAdjustedEBITDADetails"
],
"lang": {
"en-us": {
"role": {
"totalLabel": "Operating income",
"label": "Operating Income (Loss)",
"documentation": "The net result for the period of deducting operating expenses from operating revenues."
}
}
},
"auth_ref": [
"r117",
"r843",
"r1032",
"r1034",
"r1036",
"r1037",
"r1038"
]
},
"us-gaap_OperatingLeaseCost": {
"xbrltype": "monetaryItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "OperatingLeaseCost",
"crdr": "debit",
"calculation": {
"http://heidrick.com/role/LeasesScheduleofLeaseCostDetails": {
"parentTag": "us-gaap_LeaseCost",
"weight": 1.0,
"order": 2.0
}
},
"presentation": [
"http://heidrick.com/role/LeasesScheduleofLeaseCostDetails"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Operating lease cost",
"label": "Operating Lease, Cost",
"documentation": "Amount of single lease cost, calculated by allocation of remaining cost of lease over remaining lease term. Includes, but is not limited to, single lease cost, after impairment of right-of-use asset, calculated by amortization of remaining right-of-use asset and accretion of lease liability."
}
}
},
"auth_ref": [
"r630",
"r886"
]
},
"us-gaap_OperatingLeaseLiability": {
"xbrltype": "monetaryItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "OperatingLeaseLiability",
"crdr": "credit",
"calculation": {
"http://heidrick.com/role/LeasesScheduleofFutureMaturitiesforOperatingLeasesDetails": {
"parentTag": "us-gaap_LesseeOperatingLeaseLiabilityPaymentsDue",
"weight": 1.0,
"order": 2.0
}
},
"presentation": [
"http://heidrick.com/role/LeasesScheduleofFutureMaturitiesforOperatingLeasesDetails"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Present value of lease liabilities",
"label": "Operating Lease, Liability",
"documentation": "Present value of lessee's discounted obligation for lease payments from operating lease."
}
}
},
"auth_ref": [
"r625"
]
},
"us-gaap_OperatingLeaseLiabilityCurrent": {
"xbrltype": "monetaryItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "OperatingLeaseLiabilityCurrent",
"crdr": "credit",
"calculation": {
"http://heidrick.com/role/CONDENSEDCONSOLIDATEDBALANCESHEETS": {
"parentTag": "us-gaap_LiabilitiesCurrent",
"weight": 1.0,
"order": 1.0
}
},
"presentation": [
"http://heidrick.com/role/CONDENSEDCONSOLIDATEDBALANCESHEETS"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Operating lease liabilities",
"label": "Operating Lease, Liability, Current",
"documentation": "Present value of lessee's discounted obligation for lease payments from operating lease, classified as current."
}
}
},
"auth_ref": [
"r625"
]
},
"us-gaap_OperatingLeaseLiabilityNoncurrent": {
"xbrltype": "monetaryItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "OperatingLeaseLiabilityNoncurrent",
"crdr": "credit",
"calculation": {
"http://heidrick.com/role/CONDENSEDCONSOLIDATEDBALANCESHEETS": {
"parentTag": "us-gaap_LiabilitiesNoncurrent",
"weight": 1.0,
"order": 1.0
}
},
"presentation": [
"http://heidrick.com/role/CONDENSEDCONSOLIDATEDBALANCESHEETS"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Operating lease liabilities",
"label": "Operating Lease, Liability, Noncurrent",
"documentation": "Present value of lessee's discounted obligation for lease payments from operating lease, classified as noncurrent."
}
}
},
"auth_ref": [
"r625"
]
},
"us-gaap_OperatingLeasePayments": {
"xbrltype": "monetaryItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "OperatingLeasePayments",
"crdr": "credit",
"presentation": [
"http://heidrick.com/role/LeasesScheduleOfCashFlowInformationRelatedtoLeasesDetails"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Operating cash flows from operating leases",
"label": "Operating Lease, Payments",
"documentation": "Amount of cash outflow from operating lease, excluding payments to bring another asset to condition and location necessary for its intended use."
}
}
},
"auth_ref": [
"r626",
"r632"
]
},
"us-gaap_OperatingLeaseRightOfUseAsset": {
"xbrltype": "monetaryItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "OperatingLeaseRightOfUseAsset",
"crdr": "debit",
"calculation": {
"http://heidrick.com/role/CONDENSEDCONSOLIDATEDBALANCESHEETS": {
"parentTag": "us-gaap_AssetsNoncurrent",
"weight": 1.0,
"order": 4.0
}
},
"presentation": [
"http://heidrick.com/role/CONDENSEDCONSOLIDATEDBALANCESHEETS"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Operating lease right-of-use assets",
"label": "Operating Lease, Right-of-Use Asset",
"documentation": "Amount of lessee's right to use underlying asset under operating lease."
}
}
},
"auth_ref": [
"r624"
]
},
"us-gaap_OperatingLeaseWeightedAverageDiscountRatePercent": {
"xbrltype": "percentItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "OperatingLeaseWeightedAverageDiscountRatePercent",
"presentation": [
"http://heidrick.com/role/LeasesScheduleofWeightedAverageInformationRelatedtoLeasesDetails"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Weighted Average Discount Rate",
"label": "Operating Lease, Weighted Average Discount Rate, Percent",
"documentation": "Weighted average discount rate for operating lease calculated at point in time."
}
}
},
"auth_ref": [
"r635",
"r886"
]
},
"us-gaap_OperatingLeaseWeightedAverageRemainingLeaseTerm1": {
"xbrltype": "durationItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "OperatingLeaseWeightedAverageRemainingLeaseTerm1",
"presentation": [
"http://heidrick.com/role/LeasesScheduleofWeightedAverageInformationRelatedtoLeasesDetails"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Weighted Average Remaining Lease Term",
"label": "Operating Lease, Weighted Average Remaining Lease Term",
"documentation": "Weighted average remaining lease term for operating lease, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents reported fact of one year, five months, and thirteen days."
}
}
},
"auth_ref": [
"r634",
"r886"
]
},
"us-gaap_OperatingSegmentsMember": {
"xbrltype": "domainItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "OperatingSegmentsMember",
"presentation": [
"http://heidrick.com/role/RestructuringScheduleofRestructuringChargesReportableSegmentDetails",
"http://heidrick.com/role/SegmentInformationReconciliationofAdjustedEBITDAfromSegmentstoConsolidatedDetails",
"http://heidrick.com/role/SegmentInformationScheduleofSegmentReportingInformationbySegmentDetail"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Operating Segments",
"label": "Operating Segments [Member]",
"documentation": "Identifies components of an entity that engage in business activities from which they may earn revenue and incur expenses, including transactions with other components of the same entity."
}
}
},
"auth_ref": [
"r249",
"r250",
"r251",
"r252",
"r253",
"r256",
"r848",
"r849"
]
},
"us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract": {
"xbrltype": "stringItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract",
"lang": {
"en-us": {
"role": {
"label": "Organization, Consolidation and Presentation of Financial Statements [Abstract]"
}
}
},
"auth_ref": []
},
"us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsDisclosureTextBlock": {
"xbrltype": "textBlockItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "OrganizationConsolidationAndPresentationOfFinancialStatementsDisclosureTextBlock",
"presentation": [
"http://heidrick.com/role/BasisofPresentationofInterimFinancialInformation"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Basis of Presentation of Interim Financial Information",
"label": "Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block]",
"documentation": "The entire disclosure for organization, consolidation and basis of presentation of financial statements disclosure."
}
}
},
"auth_ref": [
"r52",
"r103",
"r751",
"r752"
]
},
"us-gaap_OtherAssetsCurrent": {
"xbrltype": "monetaryItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "OtherAssetsCurrent",
"crdr": "debit",
"calculation": {
"http://heidrick.com/role/CONDENSEDCONSOLIDATEDBALANCESHEETS": {
"parentTag": "us-gaap_AssetsCurrent",
"weight": 1.0,
"order": 5.0
},
"http://heidrick.com/role/OtherCurrentandNoncurrentAssetsandLiabilitiesScheduleofOtherCurrentAssetsDetails": {
"parentTag": null,
"weight": null,
"order": null,
"root": true
}
},
"presentation": [
"http://heidrick.com/role/CONDENSEDCONSOLIDATEDBALANCESHEETS",
"http://heidrick.com/role/OtherCurrentandNoncurrentAssetsandLiabilitiesScheduleofOtherCurrentAssetsDetails"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Other current assets",
"totalLabel": "Other current assets",
"label": "Other Assets, Current",
"documentation": "Amount of current assets classified as other."
}
}
},
"auth_ref": [
"r174",
"r887"
]
},
"us-gaap_OtherAssetsDisclosureTextBlock": {
"xbrltype": "textBlockItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "OtherAssetsDisclosureTextBlock",
"presentation": [
"http://heidrick.com/role/OtherCurrentandNoncurrentAssetsandLiabilities"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Other Current and Non-current Assets and Liabilities",
"label": "Other Assets Disclosure [Text Block]",
"documentation": "The entire disclosure for other assets. This disclosure includes other current assets and other noncurrent assets."
}
}
},
"auth_ref": []
},
"us-gaap_OtherAssetsMiscellaneousCurrent": {
"xbrltype": "monetaryItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "OtherAssetsMiscellaneousCurrent",
"crdr": "debit",
"calculation": {
"http://heidrick.com/role/OtherCurrentandNoncurrentAssetsandLiabilitiesScheduleofOtherCurrentAssetsDetails": {
"parentTag": "us-gaap_OtherAssetsCurrent",
"weight": 1.0,
"order": 2.0
}
},
"presentation": [
"http://heidrick.com/role/OtherCurrentandNoncurrentAssetsandLiabilitiesScheduleofOtherCurrentAssetsDetails"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Other",
"label": "Other Assets, Miscellaneous, Current",
"documentation": "Amount of other miscellaneous assets expected to be realized or consumed within one year or operating cycle, if longer."
}
}
},
"auth_ref": []
},
"us-gaap_OtherAssetsNoncurrent": {
"xbrltype": "monetaryItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "OtherAssetsNoncurrent",
"crdr": "debit",
"calculation": {
"http://heidrick.com/role/CONDENSEDCONSOLIDATEDBALANCESHEETS": {
"parentTag": "us-gaap_AssetsNoncurrent",
"weight": 1.0,
"order": 8.0
}
},
"presentation": [
"http://heidrick.com/role/CONDENSEDCONSOLIDATEDBALANCESHEETS"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Other non-current assets",
"label": "Other Assets, Noncurrent",
"documentation": "Amount of noncurrent assets classified as other."
}
}
},
"auth_ref": [
"r169"
]
},
"us-gaap_OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent": {
"xbrltype": "monetaryItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent",
"crdr": "credit",
"calculation": {
"http://heidrick.com/role/CONDENSEDCONSOLIDATEDSTATEMENTSOFCOMPREHENSIVEINCOME": {
"parentTag": "us-gaap_OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent",
"weight": 1.0,
"order": 2.0
}
},
"presentation": [
"http://heidrick.com/role/CONDENSEDCONSOLIDATEDSTATEMENTSOFCOMPREHENSIVEINCOME"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Net unrealized loss on available-for-sale investments",
"label": "Other Comprehensive Income (Loss), Available-for-Sale Securities Adjustment, Net of Tax, Portion Attributable to Parent",
"documentation": "Amount, after tax and reclassification adjustment, of gain (loss) in value of unsold investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale), attributable to parent."
}
}
},
"auth_ref": [
"r5",
"r9",
"r104"
]
},
"us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax": {
"xbrltype": "monetaryItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax",
"crdr": "credit",
"calculation": {
"http://heidrick.com/role/CONDENSEDCONSOLIDATEDSTATEMENTSOFCOMPREHENSIVEINCOME": {
"parentTag": "us-gaap_OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent",
"weight": 1.0,
"order": 1.0
}
},
"presentation": [
"http://heidrick.com/role/CONDENSEDCONSOLIDATEDSTATEMENTSOFCOMPREHENSIVEINCOME"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Foreign currency translation adjustment",
"label": "Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, Net of Tax",
"documentation": "Amount after tax and reclassification adjustments of gain (loss) on foreign currency translation adjustments, foreign currency transactions designated and effective as economic hedges of a net investment in a foreign entity and intra-entity foreign currency transactions that are of a long-term-investment nature."
}
}
},
"auth_ref": [
"r2",
"r725"
]
},
"us-gaap_OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent": {
"xbrltype": "monetaryItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent",
"crdr": "credit",
"calculation": {
"http://heidrick.com/role/CONDENSEDCONSOLIDATEDSTATEMENTSOFCOMPREHENSIVEINCOME": {
"parentTag": "us-gaap_ComprehensiveIncomeNetOfTax",
"weight": 1.0,
"order": 1.0
}
},
"presentation": [
"http://heidrick.com/role/CONDENSEDCONSOLIDATEDSTATEMENTSOFCHANGESINSTOCKHOLDERSEQUITY",
"http://heidrick.com/role/CONDENSEDCONSOLIDATEDSTATEMENTSOFCOMPREHENSIVEINCOME"
],
"lang": {
"en-us": {
"role": {
"totalLabel": "Other comprehensive income (loss), net of tax",
"terseLabel": "Other comprehensive income (loss), net of tax",
"label": "Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent",
"documentation": "Amount after tax of other comprehensive income (loss) attributable to parent entity."
}
}
},
"auth_ref": [
"r5",
"r9",
"r104",
"r181",
"r184",
"r210"
]
},
"us-gaap_OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParentAbstract": {
"xbrltype": "stringItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParentAbstract",
"presentation": [
"http://heidrick.com/role/CONDENSEDCONSOLIDATEDSTATEMENTSOFCOMPREHENSIVEINCOME"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Other comprehensive income (loss), net of tax",
"label": "Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent [Abstract]"
}
}
},
"auth_ref": []
},
"us-gaap_OtherCurrentAssetsMember": {
"xbrltype": "domainItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "OtherCurrentAssetsMember",
"presentation": [
"http://heidrick.com/role/FinancialInstrumentsandFairValueScheduleofFairValueSeparateAccountInvestmentDetails"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Other Current Assets",
"label": "Other Current Assets [Member]",
"documentation": "Primary financial statement caption encompassing other current assets."
}
}
},
"auth_ref": [
"r45",
"r47"
]
},
"us-gaap_OtherCurrentLiabilitiesMember": {
"xbrltype": "domainItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "OtherCurrentLiabilitiesMember",
"presentation": [
"http://heidrick.com/role/FinancialInstrumentsandFairValueScheduleofFairValueSeparateAccountInvestmentDetails"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Other Current Liabilities",
"label": "Other Current Liabilities [Member]",
"documentation": "Primary financial statement caption encompassing other current liabilities."
}
}
},
"auth_ref": []
},
"us-gaap_OtherCurrentLiabilitiesTableTextBlock": {
"xbrltype": "textBlockItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "OtherCurrentLiabilitiesTableTextBlock",
"presentation": [
"http://heidrick.com/role/OtherCurrentandNoncurrentAssetsandLiabilitiesTables"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Schedule of Other Current Liabilities",
"label": "Other Current Liabilities [Table Text Block]",
"documentation": "Tabular disclosure of other current liabilities."
}
}
},
"auth_ref": []
},
"us-gaap_OtherIntangibleAssetsNet": {
"xbrltype": "monetaryItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "OtherIntangibleAssetsNet",
"crdr": "debit",
"calculation": {
"http://heidrick.com/role/CONDENSEDCONSOLIDATEDBALANCESHEETS": {
"parentTag": "us-gaap_AssetsNoncurrent",
"weight": 1.0,
"order": 7.0
}
},
"presentation": [
"http://heidrick.com/role/CONDENSEDCONSOLIDATEDBALANCESHEETS"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Other intangible assets, net",
"label": "Other Intangible Assets, Net",
"documentation": "Amount after accumulated amortization of finite-lived and indefinite-lived intangible assets classified as other."
}
}
},
"auth_ref": []
},
"us-gaap_OtherLiabilitiesCurrent": {
"xbrltype": "monetaryItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "OtherLiabilitiesCurrent",
"crdr": "credit",
"calculation": {
"http://heidrick.com/role/CONDENSEDCONSOLIDATEDBALANCESHEETS": {
"parentTag": "us-gaap_LiabilitiesCurrent",
"weight": 1.0,
"order": 4.0
},
"http://heidrick.com/role/OtherCurrentandNoncurrentAssetsandLiabilitiesScheduleofOtherCurrentLiabilitiesDetails": {
"parentTag": null,
"weight": null,
"order": null,
"root": true
}
},
"presentation": [
"http://heidrick.com/role/CONDENSEDCONSOLIDATEDBALANCESHEETS",
"http://heidrick.com/role/OtherCurrentandNoncurrentAssetsandLiabilitiesScheduleofOtherCurrentLiabilitiesDetails"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Other current liabilities",
"totalLabel": "Total other current liabilities",
"label": "Other Liabilities, Current",
"documentation": "Amount of liabilities classified as other, due within one year or the normal operating cycle, if longer."
}
}
},
"auth_ref": [
"r56",
"r887"
]
},
"us-gaap_OtherLiabilitiesDisclosureTextBlock": {
"xbrltype": "textBlockItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "OtherLiabilitiesDisclosureTextBlock",
"presentation": [
"http://heidrick.com/role/OtherCurrentandNoncurrentAssetsandLiabilities"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Other Current and Non-current Assets and Liabilities",
"label": "Other Liabilities Disclosure [Text Block]",
"documentation": "The entire disclosure for other liabilities."
}
}
},
"auth_ref": [
"r56",
"r60",
"r1074"
]
},
"us-gaap_OtherLiabilitiesNoncurrent": {
"xbrltype": "monetaryItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "OtherLiabilitiesNoncurrent",
"crdr": "credit",
"calculation": {
"http://heidrick.com/role/CONDENSEDCONSOLIDATEDBALANCESHEETS": {
"parentTag": "us-gaap_LiabilitiesNoncurrent",
"weight": 1.0,
"order": 2.0
},
"http://heidrick.com/role/OtherCurrentandNoncurrentAssetsandLiabilitiesScheduleofOtherNonCurrentLiabilitiesDetails": {
"parentTag": null,
"weight": null,
"order": null,
"root": true
}
},
"presentation": [
"http://heidrick.com/role/CONDENSEDCONSOLIDATEDBALANCESHEETS",
"http://heidrick.com/role/OtherCurrentandNoncurrentAssetsandLiabilitiesScheduleofOtherNonCurrentLiabilitiesDetails"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Other non-current liabilities",
"totalLabel": "Total other non-current liabilities",
"label": "Other Liabilities, Noncurrent",
"documentation": "Amount of liabilities classified as other, due after one year or the normal operating cycle, if longer."
}
}
},
"auth_ref": [
"r60"
]
},
"us-gaap_OtherNoncurrentLiabilitiesTableTextBlock": {
"xbrltype": "textBlockItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "OtherNoncurrentLiabilitiesTableTextBlock",
"presentation": [
"http://heidrick.com/role/OtherCurrentandNoncurrentAssetsandLiabilitiesTables"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Schedule of Other Noncurrent Liabilities",
"label": "Other Noncurrent Liabilities [Table Text Block]",
"documentation": "Tabular disclosure of other noncurrent liabilities."
}
}
},
"auth_ref": []
},
"us-gaap_OtherNonoperatingIncomeExpense": {
"xbrltype": "monetaryItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "OtherNonoperatingIncomeExpense",
"crdr": "credit",
"calculation": {
"http://heidrick.com/role/SegmentInformationAdjustedEBITDADetails": {
"parentTag": "us-gaap_NetIncomeLoss",
"weight": 1.0,
"order": 1.0
},
"http://heidrick.com/role/CONDENSEDCONSOLIDATEDSTATEMENTSOFCOMPREHENSIVEINCOME": {
"parentTag": "us-gaap_NonoperatingIncomeExpense",
"weight": 1.0,
"order": 2.0
}
},
"presentation": [
"http://heidrick.com/role/CONDENSEDCONSOLIDATEDSTATEMENTSOFCOMPREHENSIVEINCOME",
"http://heidrick.com/role/SegmentInformationAdjustedEBITDADetails"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Other, net",
"negatedTerseLabel": "Other, net",
"label": "Other Nonoperating Income (Expense)",
"documentation": "Amount of income (expense) related to nonoperating activities, classified as other."
}
}
},
"auth_ref": [
"r82"
]
},
"ecd_OtherPerfMeasureAmt": {
"xbrltype": "decimalItemType",
"nsuri": "http://xbrl.sec.gov/ecd/2024",
"localname": "OtherPerfMeasureAmt",
"presentation": [
"http://xbrl.sec.gov/ecd/role/PvpDisclosure"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Other Performance Measure, Amount",
"label": "Other Performance Measure, Amount"
}
}
},
"auth_ref": [
"r958"
]
},
"us-gaap_OtherSundryLiabilitiesCurrent": {
"xbrltype": "monetaryItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "OtherSundryLiabilitiesCurrent",
"crdr": "credit",
"calculation": {
"http://heidrick.com/role/OtherCurrentandNoncurrentAssetsandLiabilitiesScheduleofOtherCurrentLiabilitiesDetails": {
"parentTag": "us-gaap_OtherLiabilitiesCurrent",
"weight": 1.0,
"order": 1.0
}
},
"presentation": [
"http://heidrick.com/role/OtherCurrentandNoncurrentAssetsandLiabilitiesScheduleofOtherCurrentLiabilitiesDetails"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Other",
"label": "Other Sundry Liabilities, Current",
"documentation": "Obligations not otherwise itemized or categorized in the footnotes to the financial statements that are due within one year or operating cycle, if longer, from the balance sheet date."
}
}
},
"auth_ref": [
"r32",
"r56"
]
},
"us-gaap_OtherSundryLiabilitiesNoncurrent": {
"xbrltype": "monetaryItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "OtherSundryLiabilitiesNoncurrent",
"crdr": "credit",
"calculation": {
"http://heidrick.com/role/OtherCurrentandNoncurrentAssetsandLiabilitiesScheduleofOtherNonCurrentLiabilitiesDetails": {
"parentTag": "us-gaap_OtherLiabilitiesNoncurrent",
"weight": 1.0,
"order": 2.0
}
},
"presentation": [
"http://heidrick.com/role/OtherCurrentandNoncurrentAssetsandLiabilitiesScheduleofOtherNonCurrentLiabilitiesDetails"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Other",
"label": "Other Sundry Liabilities, Noncurrent",
"documentation": "Obligations not otherwise itemized or categorized in the footnotes to the financial statements that are expected to be paid after one year (or the normal operating cycle, if longer), from the balance sheet date."
}
}
},
"auth_ref": [
"r60",
"r109"
]
},
"ecd_OutstandingAggtErrCompAmt": {
"xbrltype": "monetaryItemType",
"nsuri": "http://xbrl.sec.gov/ecd/2024",
"localname": "OutstandingAggtErrCompAmt",
"presentation": [
"http://xbrl.sec.gov/ecd/role/ErrCompDisclosure"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Outstanding Aggregate Erroneous Compensation Amount",
"label": "Outstanding Aggregate Erroneous Compensation Amount"
}
}
},
"auth_ref": [
"r920",
"r930",
"r940",
"r972"
]
},
"ecd_OutstandingRecoveryCompAmt": {
"xbrltype": "monetaryItemType",
"nsuri": "http://xbrl.sec.gov/ecd/2024",
"localname": "OutstandingRecoveryCompAmt",
"presentation": [
"http://xbrl.sec.gov/ecd/role/ErrCompDisclosure"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Compensation Amount",
"label": "Outstanding Recovery Compensation Amount"
}
}
},
"auth_ref": [
"r923",
"r933",
"r943",
"r975"
]
},
"ecd_OutstandingRecoveryIndName": {
"xbrltype": "stringItemType",
"nsuri": "http://xbrl.sec.gov/ecd/2024",
"localname": "OutstandingRecoveryIndName",
"presentation": [
"http://xbrl.sec.gov/ecd/role/ErrCompDisclosure"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Name",
"label": "Outstanding Recovery, Individual Name"
}
}
},
"auth_ref": [
"r923",
"r933",
"r943",
"r975"
]
},
"ecd_PayVsPerformanceDisclosureLineItems": {
"xbrltype": "stringItemType",
"nsuri": "http://xbrl.sec.gov/ecd/2024",
"localname": "PayVsPerformanceDisclosureLineItems",
"lang": {
"en-us": {
"role": {
"label": "Pay vs Performance Disclosure [Line Items]"
}
}
},
"auth_ref": [
"r947"
]
},
"us-gaap_PaymentsForRestructuring": {
"xbrltype": "monetaryItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "PaymentsForRestructuring",
"crdr": "credit",
"presentation": [
"http://heidrick.com/role/RestructuringScheduleofRestructuringAccrualDetails"
],
"lang": {
"en-us": {
"role": {
"negatedTerseLabel": "Cash payments",
"label": "Payments for Restructuring",
"documentation": "Amount of cash payments made as the result of exit or disposal activities. Excludes payments associated with a discontinued operation or an asset retirement obligation."
}
}
},
"auth_ref": [
"r353",
"r1021"
]
},
"us-gaap_PaymentsOfDebtIssuanceCosts": {
"xbrltype": "monetaryItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "PaymentsOfDebtIssuanceCosts",
"crdr": "credit",
"calculation": {
"http://heidrick.com/role/CONDENSEDCONSOLIDATEDSTATEMENTSOFCASHFLOWS": {
"parentTag": "us-gaap_NetCashProvidedByUsedInFinancingActivities",
"weight": -1.0,
"order": 1.0
}
},
"presentation": [
"http://heidrick.com/role/CONDENSEDCONSOLIDATEDSTATEMENTSOFCASHFLOWS"
],
"lang": {
"en-us": {
"role": {
"negatedTerseLabel": "Debt issuance costs",
"label": "Payments of Debt Issuance Costs",
"documentation": "The cash outflow paid to third parties in connection with debt origination, which will be amortized over the remaining maturity period of the associated long-term debt."
}
}
},
"auth_ref": [
"r19"
]
},
"us-gaap_PaymentsOfDividends": {
"xbrltype": "monetaryItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "PaymentsOfDividends",
"crdr": "credit",
"calculation": {
"http://heidrick.com/role/CONDENSEDCONSOLIDATEDSTATEMENTSOFCASHFLOWS": {
"parentTag": "us-gaap_NetCashProvidedByUsedInFinancingActivities",
"weight": -1.0,
"order": 3.0
}
},
"presentation": [
"http://heidrick.com/role/CONDENSEDCONSOLIDATEDSTATEMENTSOFCASHFLOWS"
],
"lang": {
"en-us": {
"role": {
"negatedTerseLabel": "Cash dividends paid",
"label": "Payments of Dividends",
"documentation": "Cash outflow in the form of capital distributions and dividends to common shareholders, preferred shareholders and noncontrolling interests."
}
}
},
"auth_ref": [
"r85"
]
},
"us-gaap_PaymentsRelatedToTaxWithholdingForShareBasedCompensation": {
"xbrltype": "monetaryItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "PaymentsRelatedToTaxWithholdingForShareBasedCompensation",
"crdr": "credit",
"calculation": {
"http://heidrick.com/role/CONDENSEDCONSOLIDATEDSTATEMENTSOFCASHFLOWS": {
"parentTag": "us-gaap_NetCashProvidedByUsedInFinancingActivities",
"weight": -1.0,
"order": 2.0
}
},
"presentation": [
"http://heidrick.com/role/CONDENSEDCONSOLIDATEDSTATEMENTSOFCASHFLOWS"
],
"lang": {
"en-us": {
"role": {
"negatedTerseLabel": "Payment of employee tax withholdings on equity transactions",
"label": "Payment, Tax Withholding, Share-Based Payment Arrangement",
"documentation": "Amount of cash outflow to satisfy grantee's tax withholding obligation for award under share-based payment arrangement."
}
}
},
"auth_ref": [
"r194"
]
},
"us-gaap_PaymentsToAcquireAvailableForSaleSecuritiesDebt": {
"xbrltype": "monetaryItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "PaymentsToAcquireAvailableForSaleSecuritiesDebt",
"crdr": "credit",
"calculation": {
"http://heidrick.com/role/CONDENSEDCONSOLIDATEDSTATEMENTSOFCASHFLOWS": {
"parentTag": "us-gaap_NetCashProvidedByUsedInInvestingActivities",
"weight": -1.0,
"order": 1.0
}
},
"presentation": [
"http://heidrick.com/role/CONDENSEDCONSOLIDATEDSTATEMENTSOFCASHFLOWS"
],
"lang": {
"en-us": {
"role": {
"negatedTerseLabel": "Purchases of marketable securities and investments",
"label": "Payments to Acquire Debt Securities, Available-for-Sale",
"documentation": "Amount of cash outflow to acquire investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale)."
}
}
},
"auth_ref": [
"r18",
"r193",
"r265"
]
},
"us-gaap_PaymentsToAcquirePropertyPlantAndEquipment": {
"xbrltype": "monetaryItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "PaymentsToAcquirePropertyPlantAndEquipment",
"crdr": "credit",
"calculation": {
"http://heidrick.com/role/CONDENSEDCONSOLIDATEDSTATEMENTSOFCASHFLOWS": {
"parentTag": "us-gaap_NetCashProvidedByUsedInInvestingActivities",
"weight": -1.0,
"order": 3.0
}
},
"presentation": [
"http://heidrick.com/role/CONDENSEDCONSOLIDATEDSTATEMENTSOFCASHFLOWS"
],
"lang": {
"en-us": {
"role": {
"negatedTerseLabel": "Capital expenditures",
"label": "Payments to Acquire Property, Plant, and Equipment",
"documentation": "The cash outflow associated with the acquisition of long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale; includes cash outflows to pay for construction of self-constructed assets."
}
}
},
"auth_ref": [
"r84"
]
},
"ecd_PeerGroupIssuersFnTextBlock": {
"xbrltype": "textBlockItemType",
"nsuri": "http://xbrl.sec.gov/ecd/2024",
"localname": "PeerGroupIssuersFnTextBlock",
"presentation": [
"http://xbrl.sec.gov/ecd/role/PvpDisclosure"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Peer Group Issuers, Footnote",
"label": "Peer Group Issuers, Footnote [Text Block]"
}
}
},
"auth_ref": [
"r957"
]
},
"ecd_PeerGroupTotalShareholderRtnAmt": {
"xbrltype": "monetaryItemType",
"nsuri": "http://xbrl.sec.gov/ecd/2024",
"localname": "PeerGroupTotalShareholderRtnAmt",
"presentation": [
"http://xbrl.sec.gov/ecd/role/PvpDisclosure"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Peer Group Total Shareholder Return Amount",
"label": "Peer Group Total Shareholder Return Amount"
}
}
},
"auth_ref": [
"r957"
]
},
"us-gaap_PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent": {
"xbrltype": "monetaryItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent",
"crdr": "credit",
"calculation": {
"http://heidrick.com/role/CONDENSEDCONSOLIDATEDBALANCESHEETS": {
"parentTag": "us-gaap_LiabilitiesNoncurrent",
"weight": 1.0,
"order": 4.0
}
},
"presentation": [
"http://heidrick.com/role/CONDENSEDCONSOLIDATEDBALANCESHEETS"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Retirement and pension plans",
"label": "Liability, Defined Benefit Plan, Noncurrent",
"documentation": "Amount of liability, recognized in statement of financial position, for defined benefit pension and other postretirement plans, classified as noncurrent."
}
}
},
"auth_ref": [
"r60",
"r445",
"r446",
"r467",
"r867"
]
},
"us-gaap_PensionPlansDefinedBenefitMember": {
"xbrltype": "domainItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "PensionPlansDefinedBenefitMember",
"presentation": [
"http://heidrick.com/role/FinancialInstrumentsandFairValueScheduleofFairValueSeparateAccountInvestmentDetails"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Retirement and Pension Plans",
"label": "Pension Plan [Member]",
"documentation": "Plan designed to provide participant with pension benefits. Includes, but is not limited to, defined benefit and defined contribution plans. Excludes other postretirement benefits."
}
}
},
"auth_ref": [
"r445",
"r447",
"r448",
"r449",
"r450",
"r451",
"r452",
"r453",
"r454",
"r455",
"r456",
"r457",
"r458",
"r459",
"r460",
"r461",
"r462",
"r463",
"r464",
"r465",
"r466",
"r467",
"r468",
"r469",
"r470",
"r471",
"r472",
"r473",
"r474",
"r475",
"r476",
"r477",
"r478",
"r479",
"r480",
"r481",
"r482",
"r483",
"r484",
"r485",
"r486",
"r487",
"r488",
"r489",
"r490",
"r491",
"r492",
"r493",
"r494",
"r495",
"r496",
"r497",
"r498",
"r499",
"r500",
"r501",
"r502",
"r503",
"r504",
"r505",
"r506",
"r508",
"r867",
"r868",
"r869",
"r870",
"r871"
]
},
"ecd_PeoActuallyPaidCompAmt": {
"xbrltype": "monetaryItemType",
"nsuri": "http://xbrl.sec.gov/ecd/2024",
"localname": "PeoActuallyPaidCompAmt",
"presentation": [
"http://xbrl.sec.gov/ecd/role/PvpDisclosure"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "PEO Actually Paid Compensation Amount",
"label": "PEO Actually Paid Compensation Amount"
}
}
},
"auth_ref": [
"r949"
]
},
"ecd_PeoMember": {
"xbrltype": "domainItemType",
"nsuri": "http://xbrl.sec.gov/ecd/2024",
"localname": "PeoMember",
"presentation": [
"http://xbrl.sec.gov/ecd/role/PvpDisclosure"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "PEO",
"label": "PEO [Member]"
}
}
},
"auth_ref": [
"r966"
]
},
"ecd_PeoName": {
"xbrltype": "normalizedStringItemType",
"nsuri": "http://xbrl.sec.gov/ecd/2024",
"localname": "PeoName",
"presentation": [
"http://xbrl.sec.gov/ecd/role/PvpDisclosure"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "PEO Name",
"label": "PEO Name"
}
}
},
"auth_ref": [
"r959"
]
},
"ecd_PeoTotalCompAmt": {
"xbrltype": "monetaryItemType",
"nsuri": "http://xbrl.sec.gov/ecd/2024",
"localname": "PeoTotalCompAmt",
"presentation": [
"http://xbrl.sec.gov/ecd/role/PvpDisclosure"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "PEO Total Compensation Amount",
"label": "PEO Total Compensation Amount"
}
}
},
"auth_ref": [
"r948"
]
},
"us-gaap_PerformanceSharesMember": {
"xbrltype": "domainItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "PerformanceSharesMember",
"presentation": [
"http://heidrick.com/role/StockBasedCompensationandCommonStockNarrativeDetails",
"http://heidrick.com/role/StockBasedCompensationandCommonStockScheduleofPerformanceStockUnitActivityDetails",
"http://heidrick.com/role/SummaryofSignificantAccountingPoliciesScheduleofEarningsperShareDetails"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Performance stock units",
"label": "Performance Shares [Member]",
"documentation": "Share-based payment arrangement awarded for meeting performance target."
}
}
},
"auth_ref": []
},
"us-gaap_PhantomShareUnitsPSUsMember": {
"xbrltype": "domainItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "PhantomShareUnitsPSUsMember",
"presentation": [
"http://heidrick.com/role/StockBasedCompensationandCommonStockNarrativeDetails",
"http://heidrick.com/role/StockBasedCompensationandCommonStockScheduleofPhantomStockUnitActivityDetails"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Phantom share units",
"label": "Phantom Share Units (PSUs) [Member]",
"documentation": "Share-based payment arrangement awarded as phantom share or unit."
}
}
},
"auth_ref": []
},
"ecd_PnsnAdjsPrrSvcCstMember": {
"xbrltype": "domainItemType",
"nsuri": "http://xbrl.sec.gov/ecd/2024",
"localname": "PnsnAdjsPrrSvcCstMember",
"presentation": [
"http://xbrl.sec.gov/ecd/role/PvpDisclosure"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Pension Adjustments Prior Service Cost",
"label": "Pension Adjustments Prior Service Cost [Member]"
}
}
},
"auth_ref": [
"r950"
]
},
"ecd_PnsnAdjsSvcCstMember": {
"xbrltype": "domainItemType",
"nsuri": "http://xbrl.sec.gov/ecd/2024",
"localname": "PnsnAdjsSvcCstMember",
"presentation": [
"http://xbrl.sec.gov/ecd/role/PvpDisclosure"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Pension Adjustments Service Cost",
"label": "Pension Adjustments Service Cost [Member]"
}
}
},
"auth_ref": [
"r994"
]
},
"ecd_PnsnBnftsAdjFnTextBlock": {
"xbrltype": "textBlockItemType",
"nsuri": "http://xbrl.sec.gov/ecd/2024",
"localname": "PnsnBnftsAdjFnTextBlock",
"presentation": [
"http://xbrl.sec.gov/ecd/role/PvpDisclosure"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Pension Benefits Adjustments, Footnote",
"label": "Pension Benefits Adjustments, Footnote [Text Block]"
}
}
},
"auth_ref": [
"r949"
]
},
"us-gaap_PreferredStockParOrStatedValuePerShare": {
"xbrltype": "perShareItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "PreferredStockParOrStatedValuePerShare",
"presentation": [
"http://heidrick.com/role/CONDENSEDCONSOLIDATEDBALANCESHEETSParenthetical"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Preferred stock, par value (in dollars per share)",
"label": "Preferred Stock, Par or Stated Value Per Share",
"documentation": "Face amount or stated value per share of preferred stock nonredeemable or redeemable solely at the option of the issuer."
}
}
},
"auth_ref": [
"r63",
"r417"
]
},
"us-gaap_PreferredStockSharesAuthorized": {
"xbrltype": "sharesItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "PreferredStockSharesAuthorized",
"presentation": [
"http://heidrick.com/role/CONDENSEDCONSOLIDATEDBALANCESHEETSParenthetical"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Preferred stock, authorized (in shares)",
"label": "Preferred Stock, Shares Authorized",
"documentation": "The maximum number of nonredeemable preferred shares (or preferred stock redeemable solely at the option of the issuer) permitted to be issued by an entity's charter and bylaws."
}
}
},
"auth_ref": [
"r63",
"r771"
]
},
"us-gaap_PreferredStockSharesIssued": {
"xbrltype": "sharesItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "PreferredStockSharesIssued",
"presentation": [
"http://heidrick.com/role/CONDENSEDCONSOLIDATEDBALANCESHEETSParenthetical"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Preferred stock, issued (in shares)",
"label": "Preferred Stock, Shares Issued",
"documentation": "Number of shares issued for nonredeemable preferred shares and preferred shares redeemable solely at option of issuer. Includes, but is not limited to, preferred shares issued, repurchased, and held as treasury shares. Excludes preferred shares classified as debt."
}
}
},
"auth_ref": [
"r63",
"r417"
]
},
"us-gaap_PreferredStockValue": {
"xbrltype": "monetaryItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "PreferredStockValue",
"crdr": "credit",
"calculation": {
"http://heidrick.com/role/CONDENSEDCONSOLIDATEDBALANCESHEETS": {
"parentTag": "us-gaap_StockholdersEquity",
"weight": 1.0,
"order": 6.0
}
},
"presentation": [
"http://heidrick.com/role/CONDENSEDCONSOLIDATEDBALANCESHEETS"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Preferred stock, $0.01 par value, 10,000,000 shares authorized, no shares issued at March\u00a031, 2025 and December\u00a031, 2024",
"label": "Preferred Stock, Value, Issued",
"documentation": "Aggregate par or stated value of issued nonredeemable preferred stock (or preferred stock redeemable solely at the option of the issuer). This item includes treasury stock repurchased by the entity. Note: elements for number of nonredeemable preferred shares, par value and other disclosure concepts are in another section within stockholders' equity."
}
}
},
"auth_ref": [
"r63",
"r717",
"r887"
]
},
"us-gaap_PrepaidExpenseCurrentAndNoncurrent": {
"xbrltype": "monetaryItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "PrepaidExpenseCurrentAndNoncurrent",
"crdr": "debit",
"calculation": {
"http://heidrick.com/role/CONDENSEDCONSOLIDATEDBALANCESHEETS": {
"parentTag": "us-gaap_AssetsCurrent",
"weight": 1.0,
"order": 6.0
}
},
"presentation": [
"http://heidrick.com/role/CONDENSEDCONSOLIDATEDBALANCESHEETS"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Prepaid expenses",
"label": "Prepaid Expense",
"documentation": "Carrying amount as of the balance sheet date of expenditures made in advance of when the economic benefit of the cost will be realized, and which will be expensed in future periods with the passage of time or when a triggering event occurs."
}
}
},
"auth_ref": [
"r105",
"r173",
"r783",
"r1124"
]
},
"us-gaap_ProceedsFromSaleOfAvailableForSaleSecuritiesDebt": {
"xbrltype": "monetaryItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "ProceedsFromSaleOfAvailableForSaleSecuritiesDebt",
"crdr": "debit",
"calculation": {
"http://heidrick.com/role/CONDENSEDCONSOLIDATEDSTATEMENTSOFCASHFLOWS": {
"parentTag": "us-gaap_NetCashProvidedByUsedInInvestingActivities",
"weight": 1.0,
"order": 2.0
}
},
"presentation": [
"http://heidrick.com/role/CONDENSEDCONSOLIDATEDSTATEMENTSOFCASHFLOWS"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Proceeds from sales of marketable securities and investments",
"label": "Proceeds from Sale of Debt Securities, Available-for-Sale",
"documentation": "Amount of cash inflow from sale of investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale)."
}
}
},
"auth_ref": [
"r17",
"r193",
"r265",
"r296"
]
},
"us-gaap_PropertyPlantAndEquipmentAbstract": {
"xbrltype": "stringItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "PropertyPlantAndEquipmentAbstract",
"lang": {
"en-us": {
"role": {
"label": "Property, Plant and Equipment [Abstract]"
}
}
},
"auth_ref": []
},
"us-gaap_PropertyPlantAndEquipmentByTypeAxis": {
"xbrltype": "stringItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "PropertyPlantAndEquipmentByTypeAxis",
"presentation": [
"http://heidrick.com/role/LeasesNarrativeDetails",
"http://heidrick.com/role/PropertyandEquipmentnetScheduleofPropertyandEquipmentDetails"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Property, Plant and Equipment, Type [Axis]",
"label": "Long-Lived Tangible Asset [Axis]",
"documentation": "Information by type of long-lived, physical assets used to produce goods and services and not intended for resale."
}
}
},
"auth_ref": [
"r8",
"r637"
]
},
"us-gaap_PropertyPlantAndEquipmentDisclosureTextBlock": {
"xbrltype": "textBlockItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "PropertyPlantAndEquipmentDisclosureTextBlock",
"presentation": [
"http://heidrick.com/role/PropertyandEquipmentnet"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Property and Equipment, net",
"label": "Property, Plant and Equipment Disclosure [Text Block]",
"documentation": "The entire disclosure for long-lived, physical asset used in normal conduct of business and not intended for resale. Includes, but is not limited to, work of art, historical treasure, and similar asset classified as collections."
}
}
},
"auth_ref": [
"r91",
"r122",
"r123",
"r124"
]
},
"us-gaap_PropertyPlantAndEquipmentGross": {
"xbrltype": "monetaryItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "PropertyPlantAndEquipmentGross",
"crdr": "debit",
"calculation": {
"http://heidrick.com/role/PropertyandEquipmentnetScheduleofPropertyandEquipmentDetails": {
"parentTag": "us-gaap_PropertyPlantAndEquipmentNet",
"weight": 1.0,
"order": 2.0
}
},
"presentation": [
"http://heidrick.com/role/PropertyandEquipmentnetScheduleofPropertyandEquipmentDetails"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Property and equipment, gross",
"label": "Property, Plant and Equipment, Gross",
"documentation": "Amount before accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures."
}
}
},
"auth_ref": [
"r92",
"r165",
"r723"
]
},
"us-gaap_PropertyPlantAndEquipmentLineItems": {
"xbrltype": "stringItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "PropertyPlantAndEquipmentLineItems",
"presentation": [
"http://heidrick.com/role/PropertyandEquipmentnetScheduleofPropertyandEquipmentDetails"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Property, Plant and Equipment [Line Items]",
"label": "Property, Plant and Equipment [Line Items]",
"documentation": "Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table."
}
}
},
"auth_ref": [
"r637"
]
},
"us-gaap_PropertyPlantAndEquipmentNet": {
"xbrltype": "monetaryItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "PropertyPlantAndEquipmentNet",
"crdr": "debit",
"calculation": {
"http://heidrick.com/role/CONDENSEDCONSOLIDATEDBALANCESHEETS": {
"parentTag": "us-gaap_AssetsNoncurrent",
"weight": 1.0,
"order": 6.0
},
"http://heidrick.com/role/PropertyandEquipmentnetScheduleofPropertyandEquipmentDetails": {
"parentTag": null,
"weight": null,
"order": null,
"root": true
}
},
"presentation": [
"http://heidrick.com/role/CONDENSEDCONSOLIDATEDBALANCESHEETS",
"http://heidrick.com/role/PropertyandEquipmentnetScheduleofPropertyandEquipmentDetails"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Property and equipment, net",
"totalLabel": "Property and equipment, net",
"label": "Property, Plant and Equipment, Net",
"documentation": "Amount after accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business to produce goods and services and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures."
}
}
},
"auth_ref": [
"r8",
"r637",
"r713",
"r723",
"r887"
]
},
"us-gaap_PropertyPlantAndEquipmentTextBlock": {
"xbrltype": "textBlockItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "PropertyPlantAndEquipmentTextBlock",
"presentation": [
"http://heidrick.com/role/PropertyandEquipmentnetTables"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Schedule of Property and Equipment",
"label": "Property, Plant and Equipment [Table Text Block]",
"documentation": "Tabular disclosure of physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, balances by class of assets, depreciation and depletion expense and method used, including composite depreciation, and accumulated deprecation."
}
}
},
"auth_ref": [
"r8"
]
},
"us-gaap_PropertyPlantAndEquipmentTypeDomain": {
"xbrltype": "domainItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "PropertyPlantAndEquipmentTypeDomain",
"presentation": [
"http://heidrick.com/role/LeasesNarrativeDetails",
"http://heidrick.com/role/PropertyandEquipmentnetScheduleofPropertyandEquipmentDetails"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Property, Plant and Equipment, Type [Domain]",
"label": "Long-Lived Tangible Asset [Domain]",
"documentation": "Listing of long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software."
}
}
},
"auth_ref": [
"r92",
"r637"
]
},
"us-gaap_ProvisionForDoubtfulAccounts": {
"xbrltype": "monetaryItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "ProvisionForDoubtfulAccounts",
"crdr": "debit",
"presentation": [
"http://heidrick.com/role/CreditLossesScheduleofAccountsReceivableAllowanceforCreditLossDetails"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Provision for credit losses",
"label": "Accounts Receivable, Credit Loss Expense (Reversal)",
"documentation": "Amount of expense (reversal of expense) for expected credit loss on accounts receivable."
}
}
},
"auth_ref": [
"r192",
"r306"
]
},
"ecd_PvpTable": {
"xbrltype": "stringItemType",
"nsuri": "http://xbrl.sec.gov/ecd/2024",
"localname": "PvpTable",
"presentation": [
"http://xbrl.sec.gov/ecd/role/PvpDisclosure"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Pay vs Performance Disclosure",
"label": "Pay vs Performance Disclosure [Table]"
}
}
},
"auth_ref": [
"r947"
]
},
"ecd_PvpTableTextBlock": {
"xbrltype": "textBlockItemType",
"nsuri": "http://xbrl.sec.gov/ecd/2024",
"localname": "PvpTableTextBlock",
"presentation": [
"http://xbrl.sec.gov/ecd/role/PvpDisclosure"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Pay vs Performance Disclosure, Table",
"label": "Pay vs Performance [Table Text Block]"
}
}
},
"auth_ref": [
"r947"
]
},
"srt_RangeAxis": {
"xbrltype": "stringItemType",
"nsuri": "http://fasb.org/srt/2024",
"localname": "RangeAxis",
"presentation": [
"http://heidrick.com/role/LeasesNarrativeDetails",
"http://heidrick.com/role/StockBasedCompensationandCommonStockNarrativeDetails"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Statistical Measurement [Axis]",
"label": "Statistical Measurement [Axis]",
"documentation": "Information by statistical measurement. Includes, but is not limited to, minimum, maximum, weighted average, arithmetic average, and median."
}
}
},
"auth_ref": [
"r128",
"r130",
"r132",
"r133",
"r135",
"r156",
"r157",
"r364",
"r365",
"r366",
"r367",
"r468",
"r507",
"r537",
"r538",
"r539",
"r548",
"r594",
"r646",
"r655",
"r671",
"r742",
"r743",
"r750",
"r761",
"r762",
"r813",
"r815",
"r817",
"r818",
"r820",
"r833",
"r834",
"r853",
"r863",
"r872",
"r878",
"r879",
"r883",
"r884",
"r897",
"r902",
"r1079",
"r1087",
"r1100",
"r1116",
"r1117",
"r1118",
"r1119",
"r1120"
]
},
"srt_RangeMember": {
"xbrltype": "domainItemType",
"nsuri": "http://fasb.org/srt/2024",
"localname": "RangeMember",
"presentation": [
"http://heidrick.com/role/LeasesNarrativeDetails",
"http://heidrick.com/role/StockBasedCompensationandCommonStockNarrativeDetails"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Statistical Measurement [Domain]",
"label": "Statistical Measurement [Domain]",
"documentation": "Statistical measurement. Includes, but is not limited to, minimum, maximum, weighted average, arithmetic average, and median."
}
}
},
"auth_ref": [
"r128",
"r130",
"r132",
"r133",
"r135",
"r156",
"r157",
"r364",
"r365",
"r366",
"r367",
"r468",
"r507",
"r537",
"r538",
"r539",
"r548",
"r594",
"r646",
"r655",
"r671",
"r742",
"r743",
"r750",
"r761",
"r762",
"r813",
"r815",
"r817",
"r818",
"r820",
"r833",
"r834",
"r853",
"r863",
"r872",
"r878",
"r879",
"r883",
"r884",
"r897",
"r902",
"r1079",
"r1087",
"r1100",
"r1116",
"r1117",
"r1118",
"r1119",
"r1120"
]
},
"us-gaap_ReclassificationFromAociCurrentPeriodNetOfTaxAttributableToParent": {
"xbrltype": "monetaryItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "ReclassificationFromAociCurrentPeriodNetOfTaxAttributableToParent",
"crdr": "debit",
"presentation": [
"http://heidrick.com/role/ChangesinAccumulatedOtherComprehensiveIncomeLossDetails"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Other comprehensive income (loss) before reclassification, net of tax",
"label": "Reclassification from AOCI, Current Period, Net of Tax, Attributable to Parent",
"documentation": "Amount after tax of reclassification adjustments of other comprehensive income (loss) attributable to parent."
}
}
},
"auth_ref": [
"r12",
"r15"
]
},
"us-gaap_ReconciliationOfOtherSignificantReconcilingItemsFromSegmentsToConsolidatedTextBlock": {
"xbrltype": "textBlockItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "ReconciliationOfOtherSignificantReconcilingItemsFromSegmentsToConsolidatedTextBlock",
"presentation": [
"http://heidrick.com/role/SegmentInformationTables"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Segment, Reconciliation of Other Items from Segments to Consolidated",
"label": "Segment, Reconciliation of Other Items from Segments to Consolidated [Table Text Block]",
"documentation": "Tabular disclosure of reconciliation of other items from reportable segments to their consolidated amount. Excludes reconciliation of revenue, profit (loss), and assets."
}
}
},
"auth_ref": [
"r26",
"r27"
]
},
"ecd_RecoveryOfErrCompDisclosureLineItems": {
"xbrltype": "stringItemType",
"nsuri": "http://xbrl.sec.gov/ecd/2024",
"localname": "RecoveryOfErrCompDisclosureLineItems",
"lang": {
"en-us": {
"role": {
"label": "Recovery of Erroneously Awarded Compensation Disclosure [Line Items]"
}
}
},
"auth_ref": [
"r915",
"r925",
"r935",
"r967"
]
},
"hsii_ReimbursedExpenses": {
"xbrltype": "monetaryItemType",
"nsuri": "http://heidrick.com/20250331",
"localname": "ReimbursedExpenses",
"crdr": "debit",
"calculation": {
"http://heidrick.com/role/CONDENSEDCONSOLIDATEDSTATEMENTSOFCOMPREHENSIVEINCOME": {
"parentTag": "us-gaap_CostsAndExpenses",
"weight": 1.0,
"order": 5.0
}
},
"presentation": [
"http://heidrick.com/role/CONDENSEDCONSOLIDATEDSTATEMENTSOFCOMPREHENSIVEINCOME"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Reimbursed expenses",
"label": "Reimbursed Expenses",
"documentation": "Reimbursed Expenses"
}
}
},
"auth_ref": []
},
"hsii_ReimbursementRevenue": {
"xbrltype": "monetaryItemType",
"nsuri": "http://heidrick.com/20250331",
"localname": "ReimbursementRevenue",
"crdr": "credit",
"calculation": {
"http://heidrick.com/role/CONDENSEDCONSOLIDATEDSTATEMENTSOFCOMPREHENSIVEINCOME": {
"parentTag": "us-gaap_Revenues",
"weight": 1.0,
"order": 1.0
}
},
"presentation": [
"http://heidrick.com/role/CONDENSEDCONSOLIDATEDSTATEMENTSOFCOMPREHENSIVEINCOME",
"http://heidrick.com/role/SegmentInformationReconciliationofAdjustedEBITDAfromSegmentstoConsolidatedDetails"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Reimbursements",
"label": "Reimbursement Revenue",
"documentation": "Reimbursement Revenue"
}
}
},
"auth_ref": []
},
"hsii_ReorganizationCosts": {
"xbrltype": "monetaryItemType",
"nsuri": "http://heidrick.com/20250331",
"localname": "ReorganizationCosts",
"crdr": "debit",
"calculation": {
"http://heidrick.com/role/SegmentInformationAdjustedEBITDADetails": {
"parentTag": "hsii_EarningsBeforeInterestTaxesDepreciationAndAmortizationAdjustments",
"weight": 1.0,
"order": 2.0
}
},
"presentation": [
"http://heidrick.com/role/SegmentInformationAdjustedEBITDADetails"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Reorganization costs",
"label": "Reorganization Costs",
"documentation": "Reorganization Costs"
}
}
},
"auth_ref": []
},
"us-gaap_ResearchAndDevelopmentExpense": {
"xbrltype": "monetaryItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "ResearchAndDevelopmentExpense",
"crdr": "debit",
"calculation": {
"http://heidrick.com/role/CONDENSEDCONSOLIDATEDSTATEMENTSOFCOMPREHENSIVEINCOME": {
"parentTag": "us-gaap_CostsAndExpenses",
"weight": 1.0,
"order": 3.0
}
},
"presentation": [
"http://heidrick.com/role/CONDENSEDCONSOLIDATEDSTATEMENTSOFCOMPREHENSIVEINCOME"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Research and development",
"label": "Research and Development Expense",
"documentation": "Amount of expense for research and development. Includes, but is not limited to, cost for computer software product to be sold, leased, or otherwise marketed and writeoff of research and development assets acquired in transaction other than business combination or joint venture formation or both. Excludes write-down of intangible asset acquired in business combination or from joint venture formation or both, used in research and development activity."
}
}
},
"auth_ref": [
"r550",
"r835",
"r848",
"r1121"
]
},
"us-gaap_ResearchAndDevelopmentExpensePolicy": {
"xbrltype": "textBlockItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "ResearchAndDevelopmentExpensePolicy",
"presentation": [
"http://heidrick.com/role/SummaryofSignificantAccountingPoliciesPolicies"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Research and Development",
"label": "Research and Development Expense, Policy [Policy Text Block]",
"documentation": "Disclosure of accounting policy for costs it has incurred (1) in a planned search or critical investigation aimed at discovery of new knowledge with the hope that such knowledge will be useful in developing a new product or service, a new process or technique, or in bringing about a significant improvement to an existing product or process; or (2) to translate research findings or other knowledge into a plan or design for a new product or process or for a significant improvement to an existing product or process."
}
}
},
"auth_ref": [
"r549"
]
},
"ecd_RestatementDateAxis": {
"xbrltype": "stringItemType",
"nsuri": "http://xbrl.sec.gov/ecd/2024",
"localname": "RestatementDateAxis",
"presentation": [
"http://xbrl.sec.gov/ecd/role/ErrCompDisclosure"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Restatement Determination Date:",
"label": "Restatement Determination Date [Axis]"
}
}
},
"auth_ref": [
"r916",
"r926",
"r936",
"r968"
]
},
"ecd_RestatementDeterminationDate": {
"xbrltype": "dateItemType",
"nsuri": "http://xbrl.sec.gov/ecd/2024",
"localname": "RestatementDeterminationDate",
"presentation": [
"http://xbrl.sec.gov/ecd/role/ErrCompDisclosure"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Restatement Determination Date",
"label": "Restatement Determination Date"
}
}
},
"auth_ref": [
"r917",
"r927",
"r937",
"r969"
]
},
"ecd_RestatementDoesNotRequireRecoveryTextBlock": {
"xbrltype": "textBlockItemType",
"nsuri": "http://xbrl.sec.gov/ecd/2024",
"localname": "RestatementDoesNotRequireRecoveryTextBlock",
"presentation": [
"http://xbrl.sec.gov/ecd/role/ErrCompDisclosure"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Restatement does not require Recovery",
"label": "Restatement Does Not Require Recovery [Text Block]"
}
}
},
"auth_ref": [
"r924",
"r934",
"r944",
"r976"
]
},
"us-gaap_RestrictedCash": {
"xbrltype": "monetaryItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "RestrictedCash",
"crdr": "debit",
"calculation": {
"http://heidrick.com/role/SummaryofSignificantAccountingPoliciesReconciliationofCashandCashEquivalentsbetweenBalanceSheetandCashFlowStatementsDetails": {
"parentTag": "us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents",
"weight": 1.0,
"order": 1.0
}
},
"presentation": [
"http://heidrick.com/role/SummaryofSignificantAccountingPoliciesReconciliationofCashandCashEquivalentsbetweenBalanceSheetandCashFlowStatementsDetails"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Restricted cash included within other non-current assets",
"label": "Restricted Cash",
"documentation": "Amount of cash restricted as to withdrawal or usage. Cash includes, but is not limited to, currency on hand, demand deposits with banks or financial institutions, and other accounts with general characteristics of demand deposits."
}
}
},
"auth_ref": [
"r1011",
"r1024",
"r1122",
"r1126"
]
},
"us-gaap_RestrictedCashAndCashEquivalentsCashAndCashEquivalentsMember": {
"xbrltype": "domainItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "RestrictedCashAndCashEquivalentsCashAndCashEquivalentsMember",
"presentation": [
"http://heidrick.com/role/FinancialInstrumentsandFairValueScheduleofUnrealizedGainLossonInvestmentsDetails"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Cash and Cash Equivalents [Domain]",
"label": "Cash and Cash Equivalents [Domain]",
"documentation": "Type of cash and cash equivalent. Cash is currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates."
}
}
},
"auth_ref": [
"r163"
]
},
"us-gaap_RestrictedStockUnitsRSUMember": {
"xbrltype": "domainItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "RestrictedStockUnitsRSUMember",
"presentation": [
"http://heidrick.com/role/StockBasedCompensationandCommonStockNarrativeDetails",
"http://heidrick.com/role/StockBasedCompensationandCommonStockScheduleofRestrictedStockUnitActivityDetails",
"http://heidrick.com/role/StockBasedCompensationandCommonStockSummaryofInformationRelatedtoStockbasedCompensationDetails",
"http://heidrick.com/role/SummaryofSignificantAccountingPoliciesScheduleofEarningsperShareDetails"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Restricted stock units",
"label": "Restricted Stock Units (RSUs) [Member]",
"documentation": "Share instrument which is convertible to stock or an equivalent amount of cash, after a specified period of time or when specified performance conditions are met."
}
}
},
"auth_ref": []
},
"us-gaap_RestructuringAndRelatedActivitiesAbstract": {
"xbrltype": "stringItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "RestructuringAndRelatedActivitiesAbstract",
"lang": {
"en-us": {
"role": {
"label": "Restructuring and Related Activities [Abstract]"
}
}
},
"auth_ref": []
},
"us-gaap_RestructuringAndRelatedActivitiesDisclosureTextBlock": {
"xbrltype": "textBlockItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "RestructuringAndRelatedActivitiesDisclosureTextBlock",
"presentation": [
"http://heidrick.com/role/Restructuring"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Restructuring",
"label": "Restructuring and Related Activities Disclosure [Text Block]",
"documentation": "The entire disclosure for restructuring and related activities. Description of restructuring activities such as exit and disposal activities, include facts and circumstances leading to the plan, the expected plan completion date, the major types of costs associated with the plan activities, total expected costs, the accrual balance at the end of the period, and the periods over which the remaining accrual will be settled."
}
}
},
"auth_ref": [
"r350",
"r351",
"r353",
"r356",
"r361"
]
},
"us-gaap_RestructuringAndRelatedCostCostIncurredToDate1": {
"xbrltype": "monetaryItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "RestructuringAndRelatedCostCostIncurredToDate1",
"crdr": "debit",
"presentation": [
"http://heidrick.com/role/RestructuringScheduleofRestructuringChargesReportableSegmentDetails"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Restructuring and related cost, cost incurred to date",
"label": "Restructuring and Related Cost, Cost Incurred to Date",
"documentation": "Amount of costs incurred to date for the specified restructuring cost."
}
}
},
"auth_ref": [
"r352",
"r355",
"r358",
"r360"
]
},
"us-gaap_RestructuringCharges": {
"xbrltype": "monetaryItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "RestructuringCharges",
"crdr": "debit",
"presentation": [
"http://heidrick.com/role/RestructuringNarrativeDetails"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Restructuring charges",
"label": "Restructuring Charges",
"documentation": "Amount of expenses associated with exit or disposal activities pursuant to an authorized plan. Excludes expenses related to a discontinued operation or an asset retirement obligation."
}
}
},
"auth_ref": [
"r7",
"r357",
"r358",
"r1080"
]
},
"us-gaap_RestructuringCostAndReserveAxis": {
"xbrltype": "stringItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "RestructuringCostAndReserveAxis",
"presentation": [
"http://heidrick.com/role/RestructuringScheduleofRestructuringAccrualDetails",
"http://heidrick.com/role/RestructuringScheduleofRestructuringChargesReportableSegmentDetails"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Restructuring Type [Axis]",
"label": "Restructuring Type [Axis]",
"documentation": "Information by type of restructuring cost."
}
}
},
"auth_ref": [
"r352",
"r353",
"r358",
"r359"
]
},
"us-gaap_RestructuringCostAndReserveLineItems": {
"xbrltype": "stringItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "RestructuringCostAndReserveLineItems",
"presentation": [
"http://heidrick.com/role/RestructuringScheduleofRestructuringAccrualDetails",
"http://heidrick.com/role/RestructuringScheduleofRestructuringChargesReportableSegmentDetails"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Restructuring Cost and Reserve [Line Items]",
"label": "Restructuring Cost and Reserve [Line Items]",
"documentation": "Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table."
}
}
},
"auth_ref": [
"r352",
"r353",
"r354",
"r355",
"r358",
"r359",
"r360"
]
},
"us-gaap_RestructuringPlanAxis": {
"xbrltype": "stringItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "RestructuringPlanAxis",
"presentation": [
"http://heidrick.com/role/RestructuringScheduleofRestructuringChargesReportableSegmentDetails"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Restructuring Plan [Axis]",
"label": "Restructuring Plan [Axis]",
"documentation": "Information by individual restructuring plan."
}
}
},
"auth_ref": []
},
"us-gaap_RestructuringPlanDomain": {
"xbrltype": "domainItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "RestructuringPlanDomain",
"presentation": [
"http://heidrick.com/role/RestructuringScheduleofRestructuringChargesReportableSegmentDetails"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Restructuring Plan [Domain]",
"label": "Restructuring Plan [Domain]",
"documentation": "Identification of the individual restructuring plans."
}
}
},
"auth_ref": []
},
"us-gaap_RestructuringReserve": {
"xbrltype": "monetaryItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "RestructuringReserve",
"crdr": "credit",
"presentation": [
"http://heidrick.com/role/RestructuringScheduleofRestructuringAccrualDetails"
],
"lang": {
"en-us": {
"role": {
"periodStartLabel": "Accrual balance at December\u00a031, 2024",
"periodEndLabel": "Accrual balance at March\u00a031, 2025",
"label": "Restructuring Reserve",
"documentation": "Carrying amount (including both current and noncurrent portions of the accrual) as of the balance sheet date pertaining to a specified type of cost associated with exit from or disposal of business activities or restructuring pursuant to a duly authorized plan."
}
}
},
"auth_ref": [
"r353",
"r359"
]
},
"us-gaap_RestructuringReserveRollForward": {
"xbrltype": "stringItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "RestructuringReserveRollForward",
"presentation": [
"http://heidrick.com/role/RestructuringScheduleofRestructuringAccrualDetails"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Restructuring Reserve [Roll Forward]",
"label": "Restructuring Reserve [Roll Forward]",
"documentation": "A roll forward is a reconciliation of a concept from the beginning of a period to the end of a period."
}
}
},
"auth_ref": []
},
"us-gaap_RetainedEarningsAccumulatedDeficit": {
"xbrltype": "monetaryItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "RetainedEarningsAccumulatedDeficit",
"crdr": "credit",
"calculation": {
"http://heidrick.com/role/CONDENSEDCONSOLIDATEDBALANCESHEETS": {
"parentTag": "us-gaap_StockholdersEquity",
"weight": 1.0,
"order": 3.0
}
},
"presentation": [
"http://heidrick.com/role/CONDENSEDCONSOLIDATEDBALANCESHEETS"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Retained earnings",
"label": "Retained Earnings (Accumulated Deficit)",
"documentation": "Amount of accumulated undistributed earnings (deficit)."
}
}
},
"auth_ref": [
"r66",
"r100",
"r720",
"r747",
"r749",
"r754",
"r772",
"r887"
]
},
"us-gaap_RetainedEarningsMember": {
"xbrltype": "domainItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "RetainedEarningsMember",
"presentation": [
"http://heidrick.com/role/CONDENSEDCONSOLIDATEDSTATEMENTSOFCHANGESINSTOCKHOLDERSEQUITY"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Retained Earnings",
"label": "Retained Earnings [Member]",
"documentation": "Accumulated undistributed earnings (deficit)."
}
}
},
"auth_ref": [
"r158",
"r201",
"r202",
"r203",
"r205",
"r210",
"r212",
"r214",
"r300",
"r301",
"r342",
"r561",
"r562",
"r568",
"r569",
"r570",
"r572",
"r574",
"r575",
"r580",
"r582",
"r583",
"r585",
"r587",
"r621",
"r623",
"r744",
"r746",
"r756",
"r1160"
]
},
"us-gaap_RevenueFromContractWithCustomerAbstract": {
"xbrltype": "stringItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "RevenueFromContractWithCustomerAbstract",
"lang": {
"en-us": {
"role": {
"label": "Revenue from Contract with Customer [Abstract]"
}
}
},
"auth_ref": []
},
"us-gaap_RevenueFromContractWithCustomerExcludingAssessedTax": {
"xbrltype": "monetaryItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "RevenueFromContractWithCustomerExcludingAssessedTax",
"crdr": "credit",
"calculation": {
"http://heidrick.com/role/CONDENSEDCONSOLIDATEDSTATEMENTSOFCOMPREHENSIVEINCOME": {
"parentTag": "us-gaap_Revenues",
"weight": 1.0,
"order": 2.0
}
},
"presentation": [
"http://heidrick.com/role/CONDENSEDCONSOLIDATEDSTATEMENTSOFCOMPREHENSIVEINCOME",
"http://heidrick.com/role/SegmentInformationAdjustedEBITDADetails",
"http://heidrick.com/role/SegmentInformationReconciliationofAdjustedEBITDAfromSegmentstoConsolidatedDetails"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Revenue before reimbursements (net revenue)",
"label": "Revenue from Contract with Customer, Excluding Assessed Tax",
"documentation": "Amount, excluding tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value added and excise."
}
}
},
"auth_ref": [
"r115",
"r116",
"r227",
"r234",
"r235",
"r249",
"r255",
"r258",
"r260",
"r262",
"r440",
"r441",
"r674"
]
},
"us-gaap_RevenueFromContractWithCustomerPolicyTextBlock": {
"xbrltype": "textBlockItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "RevenueFromContractWithCustomerPolicyTextBlock",
"presentation": [
"http://heidrick.com/role/SummaryofSignificantAccountingPoliciesPolicies"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Revenue Recognition",
"label": "Revenue from Contract with Customer [Policy Text Block]",
"documentation": "Disclosure of accounting policy for revenue from contract with customer."
}
}
},
"auth_ref": [
"r126",
"r432",
"r433",
"r434",
"r435",
"r436",
"r437",
"r438",
"r439",
"r837"
]
},
"us-gaap_RevenueFromContractWithCustomerTextBlock": {
"xbrltype": "textBlockItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "RevenueFromContractWithCustomerTextBlock",
"presentation": [
"http://heidrick.com/role/Revenue"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Revenue",
"label": "Revenue from Contract with Customer [Text Block]",
"documentation": "The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts."
}
}
},
"auth_ref": [
"r126",
"r423",
"r424",
"r425",
"r426",
"r427",
"r428",
"r430",
"r431",
"r444"
]
},
"us-gaap_RevenuePerformanceObligationDescriptionOfTiming": {
"xbrltype": "stringItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "RevenuePerformanceObligationDescriptionOfTiming",
"presentation": [
"http://heidrick.com/role/RevenueNarrativeDetails"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Revenue, performance obligation, description of timing",
"label": "Revenue, Performance Obligation, Description of Timing",
"documentation": "Description of timing for satisfying performance obligation in contract with customer. Includes, but is not limited to, as services are rendered, and upon shipment, delivery or completion of service."
}
}
},
"auth_ref": [
"r424"
]
},
"us-gaap_Revenues": {
"xbrltype": "monetaryItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "Revenues",
"crdr": "credit",
"calculation": {
"http://heidrick.com/role/CONDENSEDCONSOLIDATEDSTATEMENTSOFCOMPREHENSIVEINCOME": {
"parentTag": "us-gaap_OperatingIncomeLoss",
"weight": 1.0,
"order": 1.0
}
},
"presentation": [
"http://heidrick.com/role/CONDENSEDCONSOLIDATEDSTATEMENTSOFCOMPREHENSIVEINCOME",
"http://heidrick.com/role/SegmentInformationReconciliationofAdjustedEBITDAfromSegmentstoConsolidatedDetails"
],
"lang": {
"en-us": {
"role": {
"totalLabel": "Total revenue",
"label": "Revenues",
"documentation": "Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss)."
}
}
},
"auth_ref": [
"r115",
"r116",
"r188",
"r198",
"r227",
"r234",
"r235",
"r249",
"r255",
"r258",
"r260",
"r262",
"r299",
"r379",
"r380",
"r382",
"r383",
"r384",
"r385",
"r386",
"r388",
"r389",
"r612",
"r712",
"r848",
"r1085"
]
},
"us-gaap_RevenuesAbstract": {
"xbrltype": "stringItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "RevenuesAbstract",
"presentation": [
"http://heidrick.com/role/CONDENSEDCONSOLIDATEDSTATEMENTSOFCOMPREHENSIVEINCOME"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Revenue",
"label": "Revenues [Abstract]"
}
}
},
"auth_ref": []
},
"us-gaap_RevolvingCreditFacilityMember": {
"xbrltype": "domainItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "RevolvingCreditFacilityMember",
"presentation": [
"http://heidrick.com/role/LineofCreditDetails"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Revolving Credit Facility",
"label": "Revolving Credit Facility [Member]",
"documentation": "Arrangement in which loan proceeds can continuously be obtained following repayments, but the total amount borrowed cannot exceed a specified maximum amount."
}
}
},
"auth_ref": []
},
"us-gaap_RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability": {
"xbrltype": "monetaryItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability",
"crdr": "debit",
"presentation": [
"http://heidrick.com/role/LeasesScheduleOfCashFlowInformationRelatedtoLeasesDetails"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Right-of-use assets obtained in exchange for lease obligations:",
"label": "Right-of-Use Asset Obtained in Exchange for Operating Lease Liability",
"documentation": "Amount of increase in right-of-use asset obtained in exchange for operating lease liability."
}
}
},
"auth_ref": [
"r633",
"r886"
]
},
"ecd_Rule10b51ArrAdoptedFlag": {
"xbrltype": "booleanItemType",
"nsuri": "http://xbrl.sec.gov/ecd/2024",
"localname": "Rule10b51ArrAdoptedFlag",
"presentation": [
"http://xbrl.sec.gov/ecd/role/InsiderTradingArrangements"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Rule 10b5-1 Arrangement Adopted",
"label": "Rule 10b5-1 Arrangement Adopted [Flag]"
}
}
},
"auth_ref": [
"r985"
]
},
"ecd_Rule10b51ArrTrmntdFlag": {
"xbrltype": "booleanItemType",
"nsuri": "http://xbrl.sec.gov/ecd/2024",
"localname": "Rule10b51ArrTrmntdFlag",
"presentation": [
"http://xbrl.sec.gov/ecd/role/InsiderTradingArrangements"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Rule 10b5-1 Arrangement Terminated",
"label": "Rule 10b5-1 Arrangement Terminated [Flag]"
}
}
},
"auth_ref": [
"r985"
]
},
"us-gaap_ScheduleOfAccumulatedOtherComprehensiveIncomeLossTableTextBlock": {
"xbrltype": "textBlockItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "ScheduleOfAccumulatedOtherComprehensiveIncomeLossTableTextBlock",
"presentation": [
"http://heidrick.com/role/ChangesinAccumulatedOtherComprehensiveIncomeLossTables"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Schedule of Accumulated Other Comprehensive Income (Loss)",
"label": "Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]",
"documentation": "Tabular disclosure of the components of accumulated other comprehensive income (loss)."
}
}
},
"auth_ref": [
"r15",
"r1105",
"r1106"
]
},
"us-gaap_ScheduleOfAcquiredFiniteLivedIntangibleAssetsByMajorClassTextBlock": {
"xbrltype": "textBlockItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "ScheduleOfAcquiredFiniteLivedIntangibleAssetsByMajorClassTextBlock",
"presentation": [
"http://heidrick.com/role/GoodwillandOtherIntangibleAssetsTables"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Schedule of Acquired Finite-Lived Intangible Assets by Major Class",
"label": "Schedule of Acquired Finite-Lived Intangible Assets by Major Class [Table Text Block]",
"documentation": "Tabular disclosure of the characteristics, including initial carrying value, residual amount, weighted average useful life, of finite-lived intangible assets acquired during the period by major class. A major class is composed of intangible assets that can be grouped together because they are similar, either by nature or by their use in the operations of the company."
}
}
},
"auth_ref": [
"r1063",
"r1068"
]
},
"us-gaap_ScheduleOfAntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareTable": {
"xbrltype": "stringItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "ScheduleOfAntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareTable",
"presentation": [
"http://heidrick.com/role/SummaryofSignificantAccountingPoliciesScheduleofEarningsperShareDetails"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share [Table]",
"label": "Antidilutive Security, Excluded EPS Calculation [Table]",
"documentation": "Disclosure of information about security that could potentially dilute basic earnings per share (EPS) in future that was not included in calculation of diluted EPS."
}
}
},
"auth_ref": [
"r21"
]
},
"us-gaap_ScheduleOfCashAndCashEquivalentsTableTextBlock": {
"xbrltype": "textBlockItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "ScheduleOfCashAndCashEquivalentsTableTextBlock",
"presentation": [
"http://heidrick.com/role/SummaryofSignificantAccountingPoliciesTables"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Schedule of Cash and Cash Equivalents",
"label": "Schedule of Cash and Cash Equivalents [Table Text Block]",
"documentation": "Tabular disclosure of the components of cash and cash equivalents."
}
}
},
"auth_ref": []
},
"us-gaap_ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock": {
"xbrltype": "textBlockItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock",
"presentation": [
"http://heidrick.com/role/SummaryofSignificantAccountingPoliciesTables"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Schedule of Earnings Per Share, Basic and Diluted",
"label": "Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]",
"documentation": "Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations."
}
}
},
"auth_ref": [
"r1031"
]
},
"us-gaap_ScheduleOfEmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsTextBlock": {
"xbrltype": "textBlockItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "ScheduleOfEmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsTextBlock",
"presentation": [
"http://heidrick.com/role/StockBasedCompensationandCommonStockTables"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Schedule of Share-based Payment Arrangement, Expensed and Capitalized, Amount",
"label": "Share-Based Payment Arrangement, Expensed and Capitalized, Amount [Table Text Block]",
"documentation": "Tabular disclosure of allocation of amount expensed and capitalized for award under share-based payment arrangement to statement of income or comprehensive income and statement of financial position. Includes, but is not limited to, corresponding line item in financial statement."
}
}
},
"auth_ref": [
"r40"
]
},
"us-gaap_ScheduleOfFiniteLivedIntangibleAssetsTable": {
"xbrltype": "stringItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "ScheduleOfFiniteLivedIntangibleAssetsTable",
"presentation": [
"http://heidrick.com/role/GoodwillandOtherIntangibleAssetsScheduleofAcquiredFiniteLivedIntangibleAssetsbyMajorClassDetails",
"http://heidrick.com/role/GoodwillandOtherIntangibleAssetsScheduleofIndefiniteLivedIntangibleAssetsDetails"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Schedule of Finite-Lived Intangible Assets [Table]",
"label": "Intangible Asset, Finite-Lived [Table]",
"documentation": "Disclosure of information about finite-lived intangible asset. Excludes indefinite-lived intangible asset."
}
}
},
"auth_ref": [
"r330",
"r336",
"r339",
"r340",
"r341",
"r675",
"r835",
"r856"
]
},
"us-gaap_ScheduleOfGoodwillTable": {
"xbrltype": "stringItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "ScheduleOfGoodwillTable",
"presentation": [
"http://heidrick.com/role/GoodwillandOtherIntangibleAssetsScheduleofChangesinCarryingAmountofGoodwillbySegmentDetails",
"http://heidrick.com/role/GoodwillandOtherIntangibleAssetsScheduleofGoodwillbySegmentDetails"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Schedule of Goodwill [Table]",
"label": "Goodwill [Table]",
"documentation": "Disclosure of information about goodwill, including, but not limited to, change from acquisition, sale, impairment, and other reason."
}
}
},
"auth_ref": [
"r319",
"r320",
"r321",
"r322",
"r323",
"r324",
"r325",
"r326",
"r327",
"r328",
"r329",
"r855"
]
},
"us-gaap_ScheduleOfGoodwillTextBlock": {
"xbrltype": "textBlockItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "ScheduleOfGoodwillTextBlock",
"presentation": [
"http://heidrick.com/role/GoodwillandOtherIntangibleAssetsTables"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Schedule of Changes in Carrying Amount of Goodwill by Segment",
"label": "Schedule of Goodwill [Table Text Block]",
"documentation": "Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule."
}
}
},
"auth_ref": [
"r855",
"r1050",
"r1051",
"r1052",
"r1053",
"r1054",
"r1055",
"r1056",
"r1057",
"r1058",
"r1059",
"r1060"
]
},
"us-gaap_ScheduleOfIndefiniteLivedIntangibleAssetsTableTextBlock": {
"xbrltype": "textBlockItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "ScheduleOfIndefiniteLivedIntangibleAssetsTableTextBlock",
"presentation": [
"http://heidrick.com/role/GoodwillandOtherIntangibleAssetsTables"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Schedule of Indefinite-Lived Intangible Assets",
"label": "Schedule of Indefinite-Lived Intangible Assets [Table Text Block]",
"documentation": "Tabular disclosure of assets, excluding financial assets and goodwill, lacking physical substance and exist in perpetuity, by either major class or business segment."
}
}
},
"auth_ref": [
"r856",
"r1071"
]
},
"us-gaap_ScheduleOfIntangibleAssetsAndGoodwillTableTextBlock": {
"xbrltype": "textBlockItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "ScheduleOfIntangibleAssetsAndGoodwillTableTextBlock",
"presentation": [
"http://heidrick.com/role/GoodwillandOtherIntangibleAssetsTables"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Schedule of Goodwill by Segment",
"label": "Schedule of Intangible Assets and Goodwill [Table Text Block]",
"documentation": "Tabular disclosure of goodwill and intangible assets, which may be broken down by segment or major class."
}
}
},
"auth_ref": [
"r1049",
"r1061"
]
},
"us-gaap_ScheduleOfNonvestedPerformanceBasedUnitsActivityTableTextBlock": {
"xbrltype": "textBlockItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "ScheduleOfNonvestedPerformanceBasedUnitsActivityTableTextBlock",
"presentation": [
"http://heidrick.com/role/StockBasedCompensationandCommonStockTables"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Schedule of Performance Stock Unit Activity",
"label": "Schedule of Nonvested Performance-Based Units Activity [Table Text Block]",
"documentation": "Tabular disclosure of the changes in outstanding nonvested performance-based units."
}
}
},
"auth_ref": [
"r102"
]
},
"us-gaap_ScheduleOfOtherCurrentAssetsTableTextBlock": {
"xbrltype": "textBlockItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "ScheduleOfOtherCurrentAssetsTableTextBlock",
"presentation": [
"http://heidrick.com/role/OtherCurrentandNoncurrentAssetsandLiabilitiesTables"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Schedule of Other Current Assets",
"label": "Schedule of Other Current Assets [Table Text Block]",
"documentation": "Tabular disclosure of the carrying amounts of other current assets."
}
}
},
"auth_ref": []
},
"us-gaap_ScheduleOfPropertyPlantAndEquipmentTable": {
"xbrltype": "stringItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "ScheduleOfPropertyPlantAndEquipmentTable",
"presentation": [
"http://heidrick.com/role/PropertyandEquipmentnetScheduleofPropertyandEquipmentDetails"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Property, Plant and Equipment [Table]",
"label": "Property, Plant and Equipment [Table]",
"documentation": "Disclosure of information about physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, balances by class of assets, depreciation and depletion expense and method used, including composite depreciation, and accumulated deprecation."
}
}
},
"auth_ref": [
"r8",
"r637"
]
},
"us-gaap_ScheduleOfRestructuringAndRelatedCostsTable": {
"xbrltype": "stringItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "ScheduleOfRestructuringAndRelatedCostsTable",
"presentation": [
"http://heidrick.com/role/RestructuringScheduleofRestructuringAccrualDetails",
"http://heidrick.com/role/RestructuringScheduleofRestructuringChargesReportableSegmentDetails"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Schedule of Restructuring and Related Costs [Table]",
"label": "Restructuring Cost [Table]",
"documentation": "Disclosure of information about restructuring cost. Includes, but is not limited to, expected cost, cost incurred, statement of income caption that includes restructuring cost recognized, and amount of restructuring reserve."
}
}
},
"auth_ref": [
"r352",
"r353",
"r354",
"r355",
"r358",
"r359",
"r360"
]
},
"us-gaap_ScheduleOfRestructuringAndRelatedCostsTextBlock": {
"xbrltype": "textBlockItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "ScheduleOfRestructuringAndRelatedCostsTextBlock",
"presentation": [
"http://heidrick.com/role/RestructuringTables"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Schedule of Restructuring Charges Reportable Segment",
"label": "Restructuring and Related Costs [Table Text Block]",
"documentation": "Tabular disclosure of costs incurred for restructuring including, but not limited to, exit and disposal activities, remediation, implementation, integration, asset impairment, and charges against earnings from the write-down of assets."
}
}
},
"auth_ref": [
"r30",
"r93",
"r94"
]
},
"us-gaap_ScheduleOfRestructuringReserveByTypeOfCostTextBlock": {
"xbrltype": "textBlockItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "ScheduleOfRestructuringReserveByTypeOfCostTextBlock",
"presentation": [
"http://heidrick.com/role/RestructuringTables"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Schedule of Restructuring Accrual",
"label": "Schedule of Restructuring Reserve by Type of Cost [Table Text Block]",
"documentation": "Tabular disclosure of an entity's restructuring reserve that occurred during the period associated with the exit from or disposal of business activities or restructurings for each major type of cost. This element may also include a description of any reversal and other adjustment made during the period to the amount of an accrued liability for restructuring activities. This element may be used to encapsulate the roll forward presentations of an entity's restructuring reserve by type of cost and in total, and explanation of changes that occurred in the period."
}
}
},
"auth_ref": [
"r31",
"r95"
]
},
"us-gaap_ScheduleOfSegmentReportingInformationBySegmentTable": {
"xbrltype": "stringItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "ScheduleOfSegmentReportingInformationBySegmentTable",
"presentation": [
"http://heidrick.com/role/SegmentInformationReconciliationofAdjustedEBITDAfromSegmentstoConsolidatedDetails",
"http://heidrick.com/role/SegmentInformationScheduleofSegmentReportingInformationbySegmentDetail"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Schedule of Segment Reporting Information, by Segment [Table]",
"label": "Schedule of Segment Reporting Information, by Segment [Table]",
"documentation": "Disclosure of information about profit (loss) and total assets by reportable segment."
}
}
},
"auth_ref": [
"r23",
"r24",
"r25"
]
},
"us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock": {
"xbrltype": "textBlockItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "ScheduleOfSegmentReportingInformationBySegmentTextBlock",
"presentation": [
"http://heidrick.com/role/SegmentInformationTables"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Schedule of Segment Reporting Information, by Segment",
"label": "Schedule of Segment Reporting Information, by Segment [Table Text Block]",
"documentation": "Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss."
}
}
},
"auth_ref": [
"r23",
"r24",
"r25"
]
},
"us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable": {
"xbrltype": "stringItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable",
"presentation": [
"http://heidrick.com/role/StockBasedCompensationandCommonStockNarrativeDetails",
"http://heidrick.com/role/StockBasedCompensationandCommonStockScheduleofPerformanceStockUnitActivityDetails",
"http://heidrick.com/role/StockBasedCompensationandCommonStockScheduleofPhantomStockUnitActivityDetails",
"http://heidrick.com/role/StockBasedCompensationandCommonStockScheduleofRestrictedStockUnitActivityDetails",
"http://heidrick.com/role/StockBasedCompensationandCommonStockSummaryofInformationRelatedtoStockbasedCompensationDetails"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Schedule of Share-based Compensation Arrangements by Share-based Payment Award [Table]",
"label": "Schedule of Share-Based Compensation Arrangements by Share-Based Payment Award [Table]",
"documentation": "Disclosure of information about share-based payment arrangement."
}
}
},
"auth_ref": [
"r510",
"r512",
"r515",
"r516",
"r517",
"r518",
"r519",
"r520",
"r521",
"r522",
"r523",
"r524",
"r525",
"r526",
"r527",
"r528",
"r529",
"r530",
"r531",
"r532",
"r533",
"r534",
"r535",
"r536",
"r537",
"r538",
"r539",
"r540"
]
},
"us-gaap_ScheduleOfShareBasedCompensationRestrictedStockUnitsAwardActivityTableTextBlock": {
"xbrltype": "textBlockItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "ScheduleOfShareBasedCompensationRestrictedStockUnitsAwardActivityTableTextBlock",
"presentation": [
"http://heidrick.com/role/StockBasedCompensationandCommonStockTables"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Schedule of Share-based Payment Arrangement, Restricted Stock Unit, Activity",
"label": "Share-Based Payment Arrangement, Restricted Stock Unit, Activity [Table Text Block]",
"documentation": "Tabular disclosure of the number and weighted-average grant date fair value for restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock units that were granted, vested, or forfeited during the year."
}
}
},
"auth_ref": [
"r101"
]
},
"us-gaap_ScheduleofFiniteLivedIntangibleAssetsFutureAmortizationExpenseTableTextBlock": {
"xbrltype": "textBlockItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "ScheduleofFiniteLivedIntangibleAssetsFutureAmortizationExpenseTableTextBlock",
"presentation": [
"http://heidrick.com/role/GoodwillandOtherIntangibleAssetsTables"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Schedule of Finite-Lived Intangible Assets, Future Amortization Expense",
"label": "Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block]",
"documentation": "Tabular disclosure of the amount of amortization expense expected to be recorded in succeeding fiscal years for finite-lived intangible assets."
}
}
},
"auth_ref": [
"r856",
"r1070"
]
},
"dei_Security12bTitle": {
"xbrltype": "securityTitleItemType",
"nsuri": "http://xbrl.sec.gov/dei/2024",
"localname": "Security12bTitle",
"presentation": [
"http://heidrick.com/role/Cover"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Title of 12(b) Security",
"label": "Title of 12(b) Security",
"documentation": "Title of a 12(b) registered security."
}
}
},
"auth_ref": [
"r910"
]
},
"dei_SecurityExchangeName": {
"xbrltype": "edgarExchangeCodeItemType",
"nsuri": "http://xbrl.sec.gov/dei/2024",
"localname": "SecurityExchangeName",
"presentation": [
"http://heidrick.com/role/Cover"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Security Exchange Name",
"label": "Security Exchange Name",
"documentation": "Name of the Exchange on which a security is registered."
}
}
},
"auth_ref": [
"r912"
]
},
"us-gaap_SegmentDomain": {
"xbrltype": "domainItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "SegmentDomain",
"presentation": [
"http://heidrick.com/role/GoodwillandOtherIntangibleAssetsScheduleofChangesinCarryingAmountofGoodwillbySegmentDetails",
"http://heidrick.com/role/GoodwillandOtherIntangibleAssetsScheduleofGoodwillbySegmentDetails",
"http://heidrick.com/role/GoodwillandOtherIntangibleAssetsScheduleofIndefiniteLivedIntangibleAssetsDetails",
"http://heidrick.com/role/RestructuringScheduleofRestructuringChargesReportableSegmentDetails",
"http://heidrick.com/role/SegmentInformationReconciliationofAdjustedEBITDAfromSegmentstoConsolidatedDetails",
"http://heidrick.com/role/SegmentInformationScheduleofSegmentReportingInformationbySegmentDetail"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Segments [Domain]",
"label": "Segments [Domain]",
"documentation": "Components of an entity that engage in business activities from which they may earn revenue and incur expenses, including transactions with other components of the same entity."
}
}
},
"auth_ref": [
"r115",
"r116",
"r117",
"r118",
"r227",
"r230",
"r233",
"r234",
"r235",
"r236",
"r237",
"r238",
"r239",
"r240",
"r241",
"r242",
"r243",
"r244",
"r246",
"r247",
"r248",
"r249",
"r250",
"r251",
"r252",
"r253",
"r255",
"r256",
"r257",
"r262",
"r319",
"r320",
"r321",
"r322",
"r323",
"r324",
"r325",
"r326",
"r327",
"r341",
"r355",
"r360",
"r731",
"r732",
"r733",
"r734",
"r735",
"r736",
"r737",
"r738",
"r739",
"r740",
"r741",
"r845",
"r848",
"r849",
"r855",
"r899",
"r1128",
"r1131",
"r1132",
"r1133",
"r1134",
"r1135",
"r1136",
"r1137",
"r1138",
"r1139",
"r1140",
"r1141",
"r1142",
"r1143",
"r1144",
"r1145",
"r1146",
"r1147",
"r1148",
"r1149",
"r1150",
"r1151",
"r1152",
"r1153",
"r1154",
"r1155",
"r1156",
"r1157",
"r1158"
]
},
"us-gaap_SegmentExpenditureAdditionToLongLivedAssets": {
"xbrltype": "monetaryItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "SegmentExpenditureAdditionToLongLivedAssets",
"crdr": "debit",
"presentation": [
"http://heidrick.com/role/SegmentInformationScheduleofSegmentReportingInformationbySegmentDetail"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Capital expenditures",
"label": "Segment, Expenditure, Addition to Long-Lived Assets",
"documentation": "Amount of expenditure for addition to long-lived assets included in determination of segment assets by chief operating decision maker (CODM) or otherwise regularly provided to CODM. Excludes expenditure for addition to financial instrument, long-term customer relationship of financial institution, mortgage and other servicing rights, deferred policy acquisition cost, and deferred tax assets."
}
}
},
"auth_ref": [
"r227",
"r244",
"r255",
"r848",
"r849"
]
},
"srt_SegmentGeographicalDomain": {
"xbrltype": "domainItemType",
"nsuri": "http://fasb.org/srt/2024",
"localname": "SegmentGeographicalDomain",
"presentation": [
"http://heidrick.com/role/GoodwillandOtherIntangibleAssetsScheduleofChangesinCarryingAmountofGoodwillbySegmentDetails",
"http://heidrick.com/role/GoodwillandOtherIntangibleAssetsScheduleofGoodwillbySegmentDetails",
"http://heidrick.com/role/GoodwillandOtherIntangibleAssetsScheduleofIndefiniteLivedIntangibleAssetsDetails",
"http://heidrick.com/role/RestructuringScheduleofRestructuringChargesReportableSegmentDetails",
"http://heidrick.com/role/SegmentInformationReconciliationofAdjustedEBITDAfromSegmentstoConsolidatedDetails",
"http://heidrick.com/role/SegmentInformationScheduleofSegmentReportingInformationbySegmentDetail"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Geographical [Domain]",
"label": "Geographical [Domain]",
"documentation": "Geographical area."
}
}
},
"auth_ref": [
"r129",
"r131",
"r134",
"r136",
"r137",
"r138",
"r139",
"r140",
"r141",
"r142",
"r143",
"r144",
"r145",
"r146",
"r260",
"r261",
"r677",
"r678",
"r679",
"r680",
"r681",
"r682",
"r683",
"r684",
"r685",
"r686",
"r687",
"r688",
"r689",
"r690",
"r691",
"r692",
"r693",
"r694",
"r695",
"r696",
"r697",
"r698",
"r699",
"r700",
"r701",
"r702",
"r703",
"r704",
"r705",
"r706",
"r758",
"r759",
"r760",
"r814",
"r816",
"r819",
"r821",
"r822",
"r824",
"r825",
"r826",
"r827",
"r828",
"r829",
"r830",
"r831",
"r832",
"r838",
"r864",
"r889",
"r890",
"r891",
"r892",
"r893",
"r894",
"r895",
"r896",
"r898",
"r902",
"r1092",
"r1128",
"r1131",
"r1132",
"r1134",
"r1135",
"r1136",
"r1137",
"r1138",
"r1139",
"r1140",
"r1141",
"r1142",
"r1143",
"r1144",
"r1145",
"r1146",
"r1147",
"r1148",
"r1149",
"r1150",
"r1151",
"r1152",
"r1153",
"r1154",
"r1155",
"r1156",
"r1157",
"r1158"
]
},
"us-gaap_SegmentReportingAbstract": {
"xbrltype": "stringItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "SegmentReportingAbstract",
"lang": {
"en-us": {
"role": {
"label": "Segment Reporting [Abstract]"
}
}
},
"auth_ref": []
},
"us-gaap_SegmentReportingDisclosureTextBlock": {
"xbrltype": "textBlockItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "SegmentReportingDisclosureTextBlock",
"presentation": [
"http://heidrick.com/role/SegmentInformation"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Segment Information",
"label": "Segment Reporting Disclosure [Text Block]",
"documentation": "The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments."
}
}
},
"auth_ref": [
"r118",
"r227",
"r229",
"r230",
"r231",
"r232",
"r233",
"r245",
"r247",
"r248",
"r253",
"r254",
"r255",
"r256",
"r257",
"r258",
"r259",
"r262",
"r844",
"r846",
"r847",
"r848",
"r850",
"r851",
"r852"
]
},
"us-gaap_SegmentReportingInformationLineItems": {
"xbrltype": "stringItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "SegmentReportingInformationLineItems",
"presentation": [
"http://heidrick.com/role/SegmentInformationReconciliationofAdjustedEBITDAfromSegmentstoConsolidatedDetails",
"http://heidrick.com/role/SegmentInformationScheduleofSegmentReportingInformationbySegmentDetail"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Segment Reporting Information [Line Items]",
"label": "Segment Reporting Information [Line Items]",
"documentation": "Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table."
}
}
},
"auth_ref": []
},
"us-gaap_ShareBasedCompensation": {
"xbrltype": "monetaryItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "ShareBasedCompensation",
"crdr": "debit",
"calculation": {
"http://heidrick.com/role/CONDENSEDCONSOLIDATEDSTATEMENTSOFCASHFLOWS": {
"parentTag": "us-gaap_NetCashProvidedByUsedInOperatingActivities",
"weight": 1.0,
"order": 9.0
}
},
"presentation": [
"http://heidrick.com/role/CONDENSEDCONSOLIDATEDSTATEMENTSOFCASHFLOWS"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Stock-based compensation expense",
"label": "Share-Based Payment Arrangement, Noncash Expense",
"documentation": "Amount of noncash expense for share-based payment arrangement."
}
}
},
"auth_ref": [
"r6"
]
},
"us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardRequisiteServicePeriod1": {
"xbrltype": "durationItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardRequisiteServicePeriod1",
"presentation": [
"http://heidrick.com/role/StockBasedCompensationandCommonStockNarrativeDetails"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Award service period",
"label": "Share-Based Compensation Arrangement by Share-Based Payment Award, Award Requisite Service Period",
"documentation": "Estimated period over which an employee is required to provide service in exchange for the equity-based payment award, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days."
}
}
},
"auth_ref": [
"r873"
]
},
"us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1": {
"xbrltype": "durationItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1",
"presentation": [
"http://heidrick.com/role/StockBasedCompensationandCommonStockNarrativeDetails"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Award vesting period (in years)",
"label": "Share-Based Compensation Arrangement by Share-Based Payment Award, Award Vesting Period",
"documentation": "Period over which grantee's right to exercise award under share-based payment arrangement is no longer contingent on satisfaction of service or performance condition, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents reported fact of one year, five months, and thirteen days. Includes, but is not limited to, combination of market, performance or service condition."
}
}
},
"auth_ref": [
"r873"
]
},
"us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod": {
"xbrltype": "sharesItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod",
"presentation": [
"http://heidrick.com/role/StockBasedCompensationandCommonStockScheduleofPerformanceStockUnitActivityDetails",
"http://heidrick.com/role/StockBasedCompensationandCommonStockScheduleofPhantomStockUnitActivityDetails",
"http://heidrick.com/role/StockBasedCompensationandCommonStockScheduleofRestrictedStockUnitActivityDetails"
],
"lang": {
"en-us": {
"role": {
"negatedTerseLabel": "Forfeited (in shares)",
"label": "Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Forfeited in Period",
"documentation": "The number of equity-based payment instruments, excluding stock (or unit) options, that were forfeited during the reporting period."
}
}
},
"auth_ref": [
"r531"
]
},
"us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue": {
"xbrltype": "perShareItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue",
"presentation": [
"http://heidrick.com/role/StockBasedCompensationandCommonStockScheduleofPerformanceStockUnitActivityDetails",
"http://heidrick.com/role/StockBasedCompensationandCommonStockScheduleofRestrictedStockUnitActivityDetails"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Forfeited (in dollars per share)",
"label": "Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Forfeitures, Weighted Average Grant Date Fair Value",
"documentation": "Weighted average fair value as of the grant date of equity-based award plans other than stock (unit) option plans that were not exercised or put into effect as a result of the occurrence of a terminating event."
}
}
},
"auth_ref": [
"r531"
]
},
"us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod": {
"xbrltype": "sharesItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod",
"presentation": [
"http://heidrick.com/role/StockBasedCompensationandCommonStockScheduleofPerformanceStockUnitActivityDetails",
"http://heidrick.com/role/StockBasedCompensationandCommonStockScheduleofPhantomStockUnitActivityDetails",
"http://heidrick.com/role/StockBasedCompensationandCommonStockScheduleofRestrictedStockUnitActivityDetails"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Granted (in shares)",
"label": "Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Grants in Period",
"documentation": "The number of grants made during the period on other than stock (or unit) option plans (for example, phantom stock or unit plan, stock or unit appreciation rights plan, performance target plan)."
}
}
},
"auth_ref": [
"r529"
]
},
"us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue": {
"xbrltype": "perShareItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue",
"presentation": [
"http://heidrick.com/role/StockBasedCompensationandCommonStockScheduleofPerformanceStockUnitActivityDetails",
"http://heidrick.com/role/StockBasedCompensationandCommonStockScheduleofRestrictedStockUnitActivityDetails"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Granted (in dollars per share)",
"label": "Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value",
"documentation": "The weighted average fair value at grant date for nonvested equity-based awards issued during the period on other than stock (or unit) option plans (for example, phantom stock or unit plan, stock or unit appreciation rights plan, performance target plan)."
}
}
},
"auth_ref": [
"r529"
]
},
"us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber": {
"xbrltype": "sharesItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber",
"presentation": [
"http://heidrick.com/role/StockBasedCompensationandCommonStockScheduleofPerformanceStockUnitActivityDetails",
"http://heidrick.com/role/StockBasedCompensationandCommonStockScheduleofPhantomStockUnitActivityDetails",
"http://heidrick.com/role/StockBasedCompensationandCommonStockScheduleofRestrictedStockUnitActivityDetails"
],
"lang": {
"en-us": {
"role": {
"periodStartLabel": "Outstanding on beginning balance (in shares)",
"periodEndLabel": "Outstanding on ending balance (in shares)",
"label": "Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Nonvested, Number",
"documentation": "The number of non-vested equity-based payment instruments, excluding stock (or unit) options, that validly exist and are outstanding as of the balance sheet date."
}
}
},
"auth_ref": [
"r526",
"r527"
]
},
"us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue": {
"xbrltype": "perShareItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue",
"presentation": [
"http://heidrick.com/role/StockBasedCompensationandCommonStockScheduleofPerformanceStockUnitActivityDetails",
"http://heidrick.com/role/StockBasedCompensationandCommonStockScheduleofRestrictedStockUnitActivityDetails"
],
"lang": {
"en-us": {
"role": {
"periodStartLabel": "Outstanding on beginning balance (in dollars per share)",
"periodEndLabel": "Outstanding on ending balance (in dollars per share)",
"label": "Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value",
"documentation": "Per share or unit weighted-average fair value of nonvested award under share-based payment arrangement. Excludes share and unit options."
}
}
},
"auth_ref": [
"r526",
"r527"
]
},
"us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValueRollForward": {
"xbrltype": "stringItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValueRollForward",
"presentation": [
"http://heidrick.com/role/StockBasedCompensationandCommonStockScheduleofPerformanceStockUnitActivityDetails",
"http://heidrick.com/role/StockBasedCompensationandCommonStockScheduleofRestrictedStockUnitActivityDetails"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Weighted- Average Grant-Date Fair Value",
"label": "Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Abstract]"
}
}
},
"auth_ref": []
},
"us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod": {
"xbrltype": "sharesItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod",
"presentation": [
"http://heidrick.com/role/StockBasedCompensationandCommonStockScheduleofPerformanceStockUnitActivityDetails",
"http://heidrick.com/role/StockBasedCompensationandCommonStockScheduleofPhantomStockUnitActivityDetails",
"http://heidrick.com/role/StockBasedCompensationandCommonStockScheduleofRestrictedStockUnitActivityDetails"
],
"lang": {
"en-us": {
"role": {
"negatedTerseLabel": "Vested and converted to common stock (in shares)",
"negatedLabel": "Vested (in shares)",
"label": "Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Vested in Period",
"documentation": "The number of equity-based payment instruments, excluding stock (or unit) options, that vested during the reporting period."
}
}
},
"auth_ref": [
"r530"
]
},
"us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue": {
"xbrltype": "perShareItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue",
"presentation": [
"http://heidrick.com/role/StockBasedCompensationandCommonStockScheduleofPerformanceStockUnitActivityDetails",
"http://heidrick.com/role/StockBasedCompensationandCommonStockScheduleofRestrictedStockUnitActivityDetails"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Vested and converted to common stock (in dollars per share)",
"label": "Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Vested in Period, Weighted Average Grant Date Fair Value",
"documentation": "The weighted average fair value as of grant date pertaining to an equity-based award plan other than a stock (or unit) option plan for which the grantee gained the right during the reporting period, by satisfying service and performance requirements, to receive or retain shares or units, other instruments, or cash in accordance with the terms of the arrangement."
}
}
},
"auth_ref": [
"r530"
]
},
"us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems": {
"xbrltype": "stringItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems",
"presentation": [
"http://heidrick.com/role/StockBasedCompensationandCommonStockNarrativeDetails",
"http://heidrick.com/role/StockBasedCompensationandCommonStockScheduleofPerformanceStockUnitActivityDetails",
"http://heidrick.com/role/StockBasedCompensationandCommonStockScheduleofPhantomStockUnitActivityDetails",
"http://heidrick.com/role/StockBasedCompensationandCommonStockScheduleofRestrictedStockUnitActivityDetails",
"http://heidrick.com/role/StockBasedCompensationandCommonStockSummaryofInformationRelatedtoStockbasedCompensationDetails"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Share-based Compensation Arrangement by Share-based Payment Award [Line Items]",
"label": "Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]",
"documentation": "Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table."
}
}
},
"auth_ref": [
"r510",
"r512",
"r515",
"r516",
"r517",
"r518",
"r519",
"r520",
"r521",
"r522",
"r523",
"r524",
"r525",
"r526",
"r527",
"r528",
"r529",
"r530",
"r531",
"r532",
"r533",
"r534",
"r535",
"r536",
"r537",
"r538",
"r539",
"r540"
]
},
"us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingRollForward": {
"xbrltype": "stringItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingRollForward",
"presentation": [
"http://heidrick.com/role/StockBasedCompensationandCommonStockScheduleofPerformanceStockUnitActivityDetails",
"http://heidrick.com/role/StockBasedCompensationandCommonStockScheduleofPhantomStockUnitActivityDetails",
"http://heidrick.com/role/StockBasedCompensationandCommonStockScheduleofRestrictedStockUnitActivityDetails"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Number of Restricted Stock Units",
"verboseLabel": "Number of Performance Stock Units",
"netLabel": "Number of Phantom Stock Units",
"label": "Share-Based Compensation Arrangement by Share-Based Payment Award, Non-Option Equity Instruments, Outstanding [Roll Forward]",
"documentation": "A roll forward is a reconciliation of a concept from the beginning of a period to the end of a period."
}
}
},
"auth_ref": []
},
"us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfAdditionalSharesAuthorized": {
"xbrltype": "sharesItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfAdditionalSharesAuthorized",
"presentation": [
"http://heidrick.com/role/StockBasedCompensationandCommonStockNarrativeDetails"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Additional shares authorized (in shares)",
"label": "Share-Based Compensation Arrangement by Share-Based Payment Award, Number of Additional Shares Authorized",
"documentation": "Number of additional shares authorized for issuance under share-based payment arrangement."
}
}
},
"auth_ref": []
},
"us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant": {
"xbrltype": "sharesItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant",
"presentation": [
"http://heidrick.com/role/StockBasedCompensationandCommonStockNarrativeDetails"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Awards available for grant (in shares)",
"label": "Share-Based Compensation Arrangement by Share-Based Payment Award, Number of Shares Available for Grant",
"documentation": "The difference between the maximum number of shares (or other type of equity) authorized for issuance under the plan (including the effects of amendments and adjustments), and the sum of: 1) the number of shares (or other type of equity) already issued upon exercise of options or other equity-based awards under the plan; and 2) shares (or other type of equity) reserved for issuance on granting of outstanding awards, net of cancellations and forfeitures, if applicable."
}
}
},
"auth_ref": [
"r38"
]
},
"hsii_ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesForfeitedToDate": {
"xbrltype": "sharesItemType",
"nsuri": "http://heidrick.com/20250331",
"localname": "ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesForfeitedToDate",
"presentation": [
"http://heidrick.com/role/StockBasedCompensationandCommonStockNarrativeDetails"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Awards forfeited to date (in shares)",
"label": "Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Forfeited to Date",
"documentation": "Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Forfeited to Date"
}
}
},
"auth_ref": []
},
"hsii_ShareBasedCompensationArrangementByShareBasedPaymentAwardSharesIssuedToDate": {
"xbrltype": "sharesItemType",
"nsuri": "http://heidrick.com/20250331",
"localname": "ShareBasedCompensationArrangementByShareBasedPaymentAwardSharesIssuedToDate",
"presentation": [
"http://heidrick.com/role/StockBasedCompensationandCommonStockNarrativeDetails"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Awards issued to date (in shares)",
"label": "Share-Based Compensation Arrangement By Share-Based Payment Award, Shares Issued To Date",
"documentation": "Share-Based Compensation Arrangement By Share-Based Payment Award, Shares Issued To Date"
}
}
},
"auth_ref": []
},
"us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain": {
"xbrltype": "domainItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "ShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain",
"presentation": [
"http://heidrick.com/role/StockBasedCompensationandCommonStockNarrativeDetails",
"http://heidrick.com/role/StockBasedCompensationandCommonStockScheduleofPerformanceStockUnitActivityDetails",
"http://heidrick.com/role/StockBasedCompensationandCommonStockScheduleofPhantomStockUnitActivityDetails",
"http://heidrick.com/role/StockBasedCompensationandCommonStockScheduleofRestrictedStockUnitActivityDetails",
"http://heidrick.com/role/StockBasedCompensationandCommonStockSummaryofInformationRelatedtoStockbasedCompensationDetails",
"http://heidrick.com/role/SummaryofSignificantAccountingPoliciesScheduleofEarningsperShareDetails",
"http://xbrl.sec.gov/ecd/role/AwardTimingDisclosure"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Award Type [Domain]",
"label": "Award Type [Domain]",
"documentation": "Award under share-based payment arrangement."
}
}
},
"auth_ref": [
"r515",
"r516",
"r517",
"r518",
"r519",
"r520",
"r521",
"r522",
"r523",
"r524",
"r525",
"r526",
"r527",
"r528",
"r529",
"r530",
"r531",
"r532",
"r533",
"r534",
"r535",
"r536",
"r537",
"r538",
"r539",
"r540"
]
},
"hsii_ShareBasedCompensationPhantomSharesAwardOutstandingActivityTableTextBlock": {
"xbrltype": "textBlockItemType",
"nsuri": "http://heidrick.com/20250331",
"localname": "ShareBasedCompensationPhantomSharesAwardOutstandingActivityTableTextBlock",
"presentation": [
"http://heidrick.com/role/StockBasedCompensationandCommonStockTables"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Schedule of Share-Based Compensation, Phantom Shares Award Outstanding Activity",
"label": "Share-Based Compensation, Phantom Shares Award Outstanding Activity [Table Text Block]",
"documentation": "Share-Based Compensation, Phantom Shares Award Outstanding Activity"
}
}
},
"auth_ref": []
},
"us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardAwardVestingRightsPercentage": {
"xbrltype": "percentItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "SharebasedCompensationArrangementBySharebasedPaymentAwardAwardVestingRightsPercentage",
"presentation": [
"http://heidrick.com/role/StockBasedCompensationandCommonStockNarrativeDetails"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Award vesting rights, percentage",
"label": "Share-Based Compensation Arrangement by Share-Based Payment Award, Award Vesting Rights, Percentage",
"documentation": "Percentage of vesting of award under share-based payment arrangement."
}
}
},
"auth_ref": [
"r1094"
]
},
"us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCost1": {
"xbrltype": "monetaryItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCost1",
"crdr": "debit",
"presentation": [
"http://heidrick.com/role/StockBasedCompensationandCommonStockSummaryofInformationRelatedtoStockbasedCompensationDetails"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Salaries and benefits",
"label": "Share-Based Payment Arrangement, Expensed and Capitalized, Amount",
"documentation": "Amount of cost expensed and capitalized for award under share-based payment arrangement."
}
}
},
"auth_ref": [
"r541"
]
},
"us-gaap_SoftwareAndSoftwareDevelopmentCostsMember": {
"xbrltype": "domainItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "SoftwareAndSoftwareDevelopmentCostsMember",
"presentation": [
"http://heidrick.com/role/GoodwillandOtherIntangibleAssetsScheduleofAcquiredFiniteLivedIntangibleAssetsbyMajorClassDetails"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Software",
"label": "Software and Software Development Costs [Member]",
"documentation": "Purchased software applications and internally developed software for sale, licensing or long-term internal use."
}
}
},
"auth_ref": []
},
"us-gaap_StatementBusinessSegmentsAxis": {
"xbrltype": "stringItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "StatementBusinessSegmentsAxis",
"presentation": [
"http://heidrick.com/role/GoodwillandOtherIntangibleAssetsScheduleofChangesinCarryingAmountofGoodwillbySegmentDetails",
"http://heidrick.com/role/GoodwillandOtherIntangibleAssetsScheduleofGoodwillbySegmentDetails",
"http://heidrick.com/role/GoodwillandOtherIntangibleAssetsScheduleofIndefiniteLivedIntangibleAssetsDetails",
"http://heidrick.com/role/RestructuringScheduleofRestructuringChargesReportableSegmentDetails",
"http://heidrick.com/role/SegmentInformationReconciliationofAdjustedEBITDAfromSegmentstoConsolidatedDetails",
"http://heidrick.com/role/SegmentInformationScheduleofSegmentReportingInformationbySegmentDetail"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Segments [Axis]",
"label": "Segments [Axis]",
"documentation": "Information by business segments."
}
}
},
"auth_ref": [
"r115",
"r116",
"r117",
"r118",
"r159",
"r227",
"r230",
"r233",
"r234",
"r235",
"r236",
"r237",
"r238",
"r239",
"r240",
"r241",
"r242",
"r243",
"r244",
"r246",
"r247",
"r248",
"r249",
"r250",
"r251",
"r252",
"r253",
"r255",
"r256",
"r257",
"r262",
"r319",
"r320",
"r321",
"r322",
"r323",
"r324",
"r325",
"r326",
"r327",
"r341",
"r343",
"r355",
"r360",
"r731",
"r732",
"r733",
"r734",
"r735",
"r736",
"r737",
"r738",
"r739",
"r740",
"r741",
"r845",
"r848",
"r849",
"r855",
"r899",
"r1128",
"r1131",
"r1132",
"r1133",
"r1134",
"r1135",
"r1136",
"r1137",
"r1138",
"r1139",
"r1140",
"r1141",
"r1142",
"r1143",
"r1144",
"r1145",
"r1146",
"r1147",
"r1148",
"r1149",
"r1150",
"r1151",
"r1152",
"r1153",
"r1154",
"r1155",
"r1156",
"r1157",
"r1158"
]
},
"us-gaap_StatementEquityComponentsAxis": {
"xbrltype": "stringItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "StatementEquityComponentsAxis",
"presentation": [
"http://heidrick.com/role/CONDENSEDCONSOLIDATEDSTATEMENTSOFCHANGESINSTOCKHOLDERSEQUITY",
"http://heidrick.com/role/ChangesinAccumulatedOtherComprehensiveIncomeLossDetails"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Equity Components [Axis]",
"label": "Equity Components [Axis]",
"documentation": "Information by component of equity."
}
}
},
"auth_ref": [
"r10",
"r64",
"r67",
"r68",
"r158",
"r185",
"r186",
"r187",
"r201",
"r202",
"r203",
"r205",
"r210",
"r212",
"r214",
"r228",
"r300",
"r301",
"r342",
"r419",
"r561",
"r562",
"r568",
"r569",
"r570",
"r572",
"r574",
"r575",
"r580",
"r581",
"r582",
"r583",
"r584",
"r585",
"r587",
"r614",
"r615",
"r616",
"r617",
"r618",
"r619",
"r621",
"r623",
"r639",
"r725",
"r744",
"r745",
"r746",
"r756",
"r810"
]
},
"srt_StatementGeographicalAxis": {
"xbrltype": "stringItemType",
"nsuri": "http://fasb.org/srt/2024",
"localname": "StatementGeographicalAxis",
"presentation": [
"http://heidrick.com/role/GoodwillandOtherIntangibleAssetsScheduleofChangesinCarryingAmountofGoodwillbySegmentDetails",
"http://heidrick.com/role/GoodwillandOtherIntangibleAssetsScheduleofGoodwillbySegmentDetails",
"http://heidrick.com/role/GoodwillandOtherIntangibleAssetsScheduleofIndefiniteLivedIntangibleAssetsDetails",
"http://heidrick.com/role/RestructuringScheduleofRestructuringChargesReportableSegmentDetails",
"http://heidrick.com/role/SegmentInformationReconciliationofAdjustedEBITDAfromSegmentstoConsolidatedDetails",
"http://heidrick.com/role/SegmentInformationScheduleofSegmentReportingInformationbySegmentDetail"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Geographical [Axis]",
"label": "Geographical [Axis]",
"documentation": "Information by geographical components."
}
}
},
"auth_ref": [
"r129",
"r131",
"r134",
"r136",
"r137",
"r138",
"r139",
"r140",
"r141",
"r142",
"r143",
"r144",
"r145",
"r146",
"r260",
"r261",
"r677",
"r678",
"r679",
"r680",
"r681",
"r682",
"r683",
"r684",
"r685",
"r686",
"r687",
"r688",
"r689",
"r690",
"r691",
"r692",
"r693",
"r694",
"r695",
"r696",
"r697",
"r698",
"r699",
"r700",
"r701",
"r702",
"r703",
"r704",
"r705",
"r706",
"r758",
"r759",
"r760",
"r814",
"r816",
"r819",
"r821",
"r822",
"r824",
"r825",
"r826",
"r827",
"r828",
"r829",
"r830",
"r831",
"r832",
"r838",
"r864",
"r889",
"r890",
"r891",
"r892",
"r893",
"r894",
"r895",
"r896",
"r898",
"r902",
"r1092",
"r1128",
"r1131",
"r1132",
"r1134",
"r1135",
"r1136",
"r1137",
"r1138",
"r1139",
"r1140",
"r1141",
"r1142",
"r1143",
"r1144",
"r1145",
"r1146",
"r1147",
"r1148",
"r1149",
"r1150",
"r1151",
"r1152",
"r1153",
"r1154",
"r1155",
"r1156",
"r1157",
"r1158"
]
},
"us-gaap_StatementLineItems": {
"xbrltype": "stringItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "StatementLineItems",
"presentation": [
"http://heidrick.com/role/CONDENSEDCONSOLIDATEDSTATEMENTSOFCHANGESINSTOCKHOLDERSEQUITY"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Statement [Line Items]",
"label": "Statement [Line Items]",
"documentation": "Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table."
}
}
},
"auth_ref": [
"r201",
"r202",
"r203",
"r228",
"r623",
"r674",
"r753",
"r757",
"r763",
"r764",
"r765",
"r766",
"r767",
"r768",
"r771",
"r774",
"r775",
"r776",
"r777",
"r778",
"r779",
"r780",
"r781",
"r782",
"r786",
"r787",
"r788",
"r789",
"r790",
"r792",
"r794",
"r795",
"r796",
"r797",
"r798",
"r799",
"r800",
"r801",
"r802",
"r803",
"r804",
"r805",
"r806",
"r807",
"r810",
"r903"
]
},
"us-gaap_StatementOfCashFlowsAbstract": {
"xbrltype": "stringItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "StatementOfCashFlowsAbstract",
"lang": {
"en-us": {
"role": {
"label": "Statement of Cash Flows [Abstract]"
}
}
},
"auth_ref": []
},
"us-gaap_StatementOfFinancialPositionAbstract": {
"xbrltype": "stringItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "StatementOfFinancialPositionAbstract",
"lang": {
"en-us": {
"role": {
"label": "Statement of Financial Position [Abstract]"
}
}
},
"auth_ref": []
},
"us-gaap_StatementOfStockholdersEquityAbstract": {
"xbrltype": "stringItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "StatementOfStockholdersEquityAbstract",
"lang": {
"en-us": {
"role": {
"label": "Statement of Stockholders' Equity [Abstract]"
}
}
},
"auth_ref": []
},
"us-gaap_StatementTable": {
"xbrltype": "stringItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "StatementTable",
"presentation": [
"http://heidrick.com/role/CONDENSEDCONSOLIDATEDSTATEMENTSOFCHANGESINSTOCKHOLDERSEQUITY"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Statement [Table]",
"label": "Statement [Table]",
"documentation": "Disclosure of information about statement of comprehensive income, income, other comprehensive income, financial position, cash flows, and shareholders' equity."
}
}
},
"auth_ref": [
"r201",
"r202",
"r203",
"r228",
"r263",
"r623",
"r674",
"r753",
"r757",
"r763",
"r764",
"r765",
"r766",
"r767",
"r768",
"r771",
"r774",
"r775",
"r776",
"r777",
"r778",
"r779",
"r780",
"r781",
"r782",
"r786",
"r787",
"r788",
"r789",
"r790",
"r792",
"r794",
"r795",
"r796",
"r797",
"r798",
"r799",
"r800",
"r801",
"r802",
"r803",
"r804",
"r805",
"r806",
"r807",
"r810",
"r903"
]
},
"ecd_StkPrcOrTsrEstimationMethodTextBlock": {
"xbrltype": "textBlockItemType",
"nsuri": "http://xbrl.sec.gov/ecd/2024",
"localname": "StkPrcOrTsrEstimationMethodTextBlock",
"presentation": [
"http://xbrl.sec.gov/ecd/role/ErrCompDisclosure"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Stock Price or TSR Estimation Method",
"label": "Stock Price or TSR Estimation Method [Text Block]"
}
}
},
"auth_ref": [
"r919",
"r929",
"r939",
"r971"
]
},
"us-gaap_StockAppreciationRightsSARSMember": {
"xbrltype": "domainItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "StockAppreciationRightsSARSMember",
"presentation": [
"http://xbrl.sec.gov/ecd/role/AwardTimingDisclosure"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Stock Appreciation Rights (SARs)",
"label": "Stock Appreciation Rights (SARs) [Member]",
"documentation": "Right to receive cash or shares equal to appreciation of predetermined number of grantor's shares during predetermined time period."
}
}
},
"auth_ref": []
},
"us-gaap_StockIssuedDuringPeriodSharesIssuedForServices": {
"xbrltype": "sharesItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "StockIssuedDuringPeriodSharesIssuedForServices",
"presentation": [
"http://heidrick.com/role/StockBasedCompensationandCommonStockNarrativeDetails"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Shares issued for services (in shares)",
"label": "Stock Issued During Period, Shares, Issued for Services",
"documentation": "Number of shares issued in lieu of cash for services contributed to the entity. Number of shares includes, but is not limited to, shares issued for services contributed by vendors and founders."
}
}
},
"auth_ref": []
},
"us-gaap_StockIssuedDuringPeriodSharesShareBasedCompensation": {
"xbrltype": "sharesItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "StockIssuedDuringPeriodSharesShareBasedCompensation",
"presentation": [
"http://heidrick.com/role/CONDENSEDCONSOLIDATEDSTATEMENTSOFCHANGESINSTOCKHOLDERSEQUITY"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Vesting of equity awards, net of tax withholding (in shares)",
"label": "Shares Issued, Shares, Share-Based Payment Arrangement, after Forfeiture",
"documentation": "Number, after forfeiture, of shares or units issued under share-based payment arrangement. Excludes shares or units issued under employee stock ownership plan (ESOP)."
}
}
},
"auth_ref": [
"r10",
"r63",
"r64",
"r100"
]
},
"us-gaap_StockIssuedDuringPeriodValueShareBasedCompensation": {
"xbrltype": "monetaryItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "StockIssuedDuringPeriodValueShareBasedCompensation",
"crdr": "credit",
"presentation": [
"http://heidrick.com/role/CONDENSEDCONSOLIDATEDSTATEMENTSOFCHANGESINSTOCKHOLDERSEQUITY"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Vesting of equity awards, net of tax withholding",
"label": "Shares Issued, Value, Share-Based Payment Arrangement, after Forfeiture",
"documentation": "Value, after forfeiture, of shares issued under share-based payment arrangement. Excludes employee stock ownership plan (ESOP)."
}
}
},
"auth_ref": [
"r39",
"r63",
"r64",
"r100"
]
},
"srt_StockRepurchaseProgramAuthorizedAmount1": {
"xbrltype": "monetaryItemType",
"nsuri": "http://fasb.org/srt/2024",
"localname": "StockRepurchaseProgramAuthorizedAmount1",
"crdr": "credit",
"presentation": [
"http://heidrick.com/role/StockBasedCompensationandCommonStockNarrativeDetails"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Stock repurchase program, authorized amount",
"label": "Share Repurchase Program, Authorized, Amount",
"documentation": "Amount authorized for purchase of share under share repurchase plan. Includes, but is not limited to, repurchase of stock and unit of ownership."
}
}
},
"auth_ref": [
"r1088"
]
},
"us-gaap_StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1": {
"xbrltype": "monetaryItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1",
"crdr": "credit",
"presentation": [
"http://heidrick.com/role/StockBasedCompensationandCommonStockNarrativeDetails"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Remaining authorized repurchase amount",
"label": "Share Repurchase Program, Remaining Authorized, Amount",
"documentation": "Amount remaining authorized for purchase of share under share repurchase plan. Includes, but is not limited to, repurchase of stock and unit of ownership."
}
}
},
"auth_ref": []
},
"us-gaap_StockholdersEquity": {
"xbrltype": "monetaryItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "StockholdersEquity",
"crdr": "credit",
"calculation": {
"http://heidrick.com/role/CONDENSEDCONSOLIDATEDBALANCESHEETS": {
"parentTag": "us-gaap_LiabilitiesAndStockholdersEquity",
"weight": 1.0,
"order": 1.0
}
},
"presentation": [
"http://heidrick.com/role/CONDENSEDCONSOLIDATEDBALANCESHEETS",
"http://heidrick.com/role/CONDENSEDCONSOLIDATEDSTATEMENTSOFCHANGESINSTOCKHOLDERSEQUITY",
"http://heidrick.com/role/ChangesinAccumulatedOtherComprehensiveIncomeLossDetails"
],
"lang": {
"en-us": {
"role": {
"totalLabel": "Total stockholders\u2019 equity",
"periodStartLabel": "Beginning balance",
"periodEndLabel": "Ending balance",
"label": "Equity, Attributable to Parent",
"documentation": "Amount of equity (deficit) attributable to parent. Excludes temporary equity and equity attributable to noncontrolling interest."
}
}
},
"auth_ref": [
"r64",
"r67",
"r68",
"r90",
"r773",
"r791",
"r811",
"r812",
"r887",
"r909",
"r1026",
"r1046",
"r1104",
"r1160"
]
},
"us-gaap_StockholdersEquityAbstract": {
"xbrltype": "stringItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "StockholdersEquityAbstract",
"presentation": [
"http://heidrick.com/role/CONDENSEDCONSOLIDATEDBALANCESHEETS"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Stockholders\u2019 equity",
"label": "Equity, Attributable to Parent [Abstract]"
}
}
},
"auth_ref": []
},
"ecd_TabularListTableTextBlock": {
"xbrltype": "textBlockItemType",
"nsuri": "http://xbrl.sec.gov/ecd/2024",
"localname": "TabularListTableTextBlock",
"presentation": [
"http://xbrl.sec.gov/ecd/role/PvpDisclosure"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Tabular List, Table",
"label": "Tabular List [Table Text Block]"
}
}
},
"auth_ref": [
"r965"
]
},
"hsii_TheCreditAgreementMember": {
"xbrltype": "domainItemType",
"nsuri": "http://heidrick.com/20250331",
"localname": "TheCreditAgreementMember",
"presentation": [
"http://heidrick.com/role/LineofCreditDetails"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "The Credit Agreement",
"label": "The Credit Agreement [Member]",
"documentation": "The Credit Agreement"
}
}
},
"auth_ref": []
},
"srt_TitleOfIndividualAxis": {
"xbrltype": "stringItemType",
"nsuri": "http://fasb.org/srt/2024",
"localname": "TitleOfIndividualAxis",
"presentation": [
"http://heidrick.com/role/StockBasedCompensationandCommonStockNarrativeDetails"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Title of Individual [Axis]",
"label": "Title and Position [Axis]",
"documentation": "Information by title and position of individual or group within organization."
}
}
},
"auth_ref": [
"r1040",
"r1112"
]
},
"srt_TitleOfIndividualWithRelationshipToEntityDomain": {
"xbrltype": "domainItemType",
"nsuri": "http://fasb.org/srt/2024",
"localname": "TitleOfIndividualWithRelationshipToEntityDomain",
"presentation": [
"http://heidrick.com/role/StockBasedCompensationandCommonStockNarrativeDetails"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Title of Individual [Domain]",
"label": "Title and Position [Domain]",
"documentation": "Title and position of individual or group within organization."
}
}
},
"auth_ref": []
},
"ecd_TotalShareholderRtnAmt": {
"xbrltype": "monetaryItemType",
"nsuri": "http://xbrl.sec.gov/ecd/2024",
"localname": "TotalShareholderRtnAmt",
"presentation": [
"http://xbrl.sec.gov/ecd/role/PvpDisclosure"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Total Shareholder Return Amount",
"label": "Total Shareholder Return Amount"
}
}
},
"auth_ref": [
"r957"
]
},
"ecd_TotalShareholderRtnVsPeerGroupTextBlock": {
"xbrltype": "textBlockItemType",
"nsuri": "http://xbrl.sec.gov/ecd/2024",
"localname": "TotalShareholderRtnVsPeerGroupTextBlock",
"presentation": [
"http://xbrl.sec.gov/ecd/role/PvpDisclosure"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Total Shareholder Return Vs Peer Group",
"label": "Total Shareholder Return Vs Peer Group [Text Block]"
}
}
},
"auth_ref": [
"r964"
]
},
"us-gaap_TradeNamesMember": {
"xbrltype": "domainItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "TradeNamesMember",
"presentation": [
"http://heidrick.com/role/GoodwillandOtherIntangibleAssetsScheduleofAcquiredFiniteLivedIntangibleAssetsbyMajorClassDetails"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Trade name",
"label": "Trade Names [Member]",
"documentation": "Rights acquired through registration of a business name to gain or protect exclusive use thereof."
}
}
},
"auth_ref": [
"r43",
"r1062",
"r1064",
"r1065",
"r1066",
"r1067",
"r1068",
"r1069",
"r1071",
"r1072",
"r1073"
]
},
"ecd_TradingArrAxis": {
"xbrltype": "stringItemType",
"nsuri": "http://xbrl.sec.gov/ecd/2024",
"localname": "TradingArrAxis",
"presentation": [
"http://xbrl.sec.gov/ecd/role/InsiderTradingArrangements"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Trading Arrangement:",
"label": "Trading Arrangement [Axis]"
}
}
},
"auth_ref": [
"r984"
]
},
"ecd_TradingArrByIndTable": {
"xbrltype": "stringItemType",
"nsuri": "http://xbrl.sec.gov/ecd/2024",
"localname": "TradingArrByIndTable",
"presentation": [
"http://xbrl.sec.gov/ecd/role/InsiderTradingArrangements"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Trading Arrangements, by Individual",
"label": "Trading Arrangements, by Individual [Table]"
}
}
},
"auth_ref": [
"r986"
]
},
"dei_TradingSymbol": {
"xbrltype": "tradingSymbolItemType",
"nsuri": "http://xbrl.sec.gov/dei/2024",
"localname": "TradingSymbol",
"presentation": [
"http://heidrick.com/role/Cover"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Trading Symbol",
"label": "Trading Symbol",
"documentation": "Trading symbol of an instrument as listed on an exchange."
}
}
},
"auth_ref": []
},
"us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain": {
"xbrltype": "domainItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain",
"presentation": [
"http://heidrick.com/role/FinancialInstrumentsandFairValueScheduleofUnrealizedGainLossonInvestmentsDetails"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Financial Instruments [Domain]",
"label": "Financial Instruments [Domain]",
"documentation": "Instrument or contract that imposes a contractual obligation to deliver cash or another financial instrument or to exchange other financial instruments on potentially unfavorable terms and conveys a contractual right to receive cash or another financial instrument or to exchange other financial instruments on potentially favorable terms."
}
}
},
"auth_ref": [
"r266",
"r267",
"r268",
"r269",
"r270",
"r271",
"r272",
"r273",
"r274",
"r275",
"r276",
"r277",
"r278",
"r279",
"r280",
"r281",
"r282",
"r283",
"r284",
"r285",
"r286",
"r287",
"r288",
"r289",
"r290",
"r291",
"r292",
"r293",
"r294",
"r295",
"r415",
"r418",
"r586",
"r611",
"r640",
"r641",
"r642",
"r643",
"r644",
"r645",
"r646",
"r647",
"r648",
"r649",
"r650",
"r651",
"r652",
"r653",
"r654",
"r656",
"r657",
"r658",
"r659",
"r660",
"r661",
"r662",
"r663",
"r664",
"r665",
"r666",
"r667",
"r668",
"r669",
"r670",
"r726",
"r875",
"r877",
"r878",
"r879",
"r880",
"r881",
"r882",
"r883",
"r884",
"r888",
"r998",
"r999",
"r1000",
"r1001",
"r1002",
"r1003",
"r1004",
"r1042",
"r1043",
"r1044",
"r1045",
"r1096",
"r1099",
"r1100",
"r1101",
"r1102",
"r1103"
]
},
"ecd_TrdArrAdoptionDate": {
"xbrltype": "stringItemType",
"nsuri": "http://xbrl.sec.gov/ecd/2024",
"localname": "TrdArrAdoptionDate",
"presentation": [
"http://xbrl.sec.gov/ecd/role/InsiderTradingArrangements"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Adoption Date",
"label": "Trading Arrangement Adoption Date"
}
}
},
"auth_ref": [
"r987"
]
},
"ecd_TrdArrDuration": {
"xbrltype": "durationItemType",
"nsuri": "http://xbrl.sec.gov/ecd/2024",
"localname": "TrdArrDuration",
"presentation": [
"http://xbrl.sec.gov/ecd/role/InsiderTradingArrangements"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Arrangement Duration",
"label": "Trading Arrangement Duration"
}
}
},
"auth_ref": [
"r988"
]
},
"ecd_TrdArrExpirationDate": {
"xbrltype": "stringItemType",
"nsuri": "http://xbrl.sec.gov/ecd/2024",
"localname": "TrdArrExpirationDate",
"presentation": [
"http://xbrl.sec.gov/ecd/role/InsiderTradingArrangements"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Expiration Date",
"label": "Trading Arrangement Expiration Date"
}
}
},
"auth_ref": [
"r988"
]
},
"ecd_TrdArrIndName": {
"xbrltype": "stringItemType",
"nsuri": "http://xbrl.sec.gov/ecd/2024",
"localname": "TrdArrIndName",
"presentation": [
"http://xbrl.sec.gov/ecd/role/InsiderTradingArrangements"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Name",
"label": "Trading Arrangement, Individual Name"
}
}
},
"auth_ref": [
"r986"
]
},
"ecd_TrdArrIndTitle": {
"xbrltype": "stringItemType",
"nsuri": "http://xbrl.sec.gov/ecd/2024",
"localname": "TrdArrIndTitle",
"presentation": [
"http://xbrl.sec.gov/ecd/role/InsiderTradingArrangements"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Title",
"label": "Trading Arrangement, Individual Title"
}
}
},
"auth_ref": [
"r986"
]
},
"ecd_TrdArrSecuritiesAggAvailAmt": {
"xbrltype": "sharesItemType",
"nsuri": "http://xbrl.sec.gov/ecd/2024",
"localname": "TrdArrSecuritiesAggAvailAmt",
"presentation": [
"http://xbrl.sec.gov/ecd/role/InsiderTradingArrangements"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Aggregate Available",
"label": "Trading Arrangement, Securities Aggregate Available Amount"
}
}
},
"auth_ref": [
"r989"
]
},
"ecd_TrdArrTerminationDate": {
"xbrltype": "stringItemType",
"nsuri": "http://xbrl.sec.gov/ecd/2024",
"localname": "TrdArrTerminationDate",
"presentation": [
"http://xbrl.sec.gov/ecd/role/InsiderTradingArrangements"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Termination Date",
"label": "Trading Arrangement Termination Date"
}
}
},
"auth_ref": [
"r987"
]
},
"us-gaap_TreasuryStockCommonMember": {
"xbrltype": "domainItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "TreasuryStockCommonMember",
"presentation": [
"http://heidrick.com/role/CONDENSEDCONSOLIDATEDSTATEMENTSOFCHANGESINSTOCKHOLDERSEQUITY"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Treasury Stock",
"label": "Treasury Stock, Common [Member]",
"documentation": "Previously issued common shares repurchased by the issuing entity and held in treasury."
}
}
},
"auth_ref": [
"r36"
]
},
"us-gaap_TreasuryStockCommonShares": {
"xbrltype": "sharesItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "TreasuryStockCommonShares",
"presentation": [
"http://heidrick.com/role/CONDENSEDCONSOLIDATEDBALANCESHEETSParenthetical",
"http://heidrick.com/role/CONDENSEDCONSOLIDATEDSTATEMENTSOFCHANGESINSTOCKHOLDERSEQUITY"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Treasury stock (in shares)",
"periodStartLabel": "Treasury stock, beginning balance (in shares)",
"periodEndLabel": "Treasury stock, ending balance (in shares)",
"label": "Treasury Stock, Common, Shares",
"documentation": "Number of previously issued common shares repurchased by the issuing entity and held in treasury."
}
}
},
"auth_ref": [
"r36"
]
},
"us-gaap_TreasuryStockCommonValue": {
"xbrltype": "monetaryItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "TreasuryStockCommonValue",
"crdr": "debit",
"calculation": {
"http://heidrick.com/role/CONDENSEDCONSOLIDATEDBALANCESHEETS": {
"parentTag": "us-gaap_StockholdersEquity",
"weight": -1.0,
"order": 2.0
}
},
"presentation": [
"http://heidrick.com/role/CONDENSEDCONSOLIDATEDBALANCESHEETS"
],
"lang": {
"en-us": {
"role": {
"negatedTerseLabel": "Treasury stock at cost, 5,080 shares at March\u00a031, 2025 and December\u00a031, 2024",
"label": "Treasury Stock, Common, Value",
"documentation": "Amount allocated to previously issued common shares repurchased by the issuing entity and held in treasury."
}
}
},
"auth_ref": [
"r36",
"r37",
"r67"
]
},
"us-gaap_TreasuryStockSharesAcquired": {
"xbrltype": "sharesItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "TreasuryStockSharesAcquired",
"presentation": [
"http://heidrick.com/role/StockBasedCompensationandCommonStockNarrativeDetails"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Repurchase of common stock (in shares)",
"label": "Treasury Stock, Shares, Acquired",
"documentation": "Number of shares that have been repurchased during the period and are being held in treasury."
}
}
},
"auth_ref": [
"r10",
"r64",
"r100"
]
},
"hsii_TreasuryStockSharesAcquiredToDate": {
"xbrltype": "sharesItemType",
"nsuri": "http://heidrick.com/20250331",
"localname": "TreasuryStockSharesAcquiredToDate",
"presentation": [
"http://heidrick.com/role/StockBasedCompensationandCommonStockNarrativeDetails"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Total shares acquired to date (in shares)",
"label": "Treasury Stock, Shares, Acquired To Date",
"documentation": "Treasury Stock, Shares, Acquired To Date"
}
}
},
"auth_ref": []
},
"us-gaap_TreasuryStockValueAcquiredCostMethod": {
"xbrltype": "monetaryItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "TreasuryStockValueAcquiredCostMethod",
"crdr": "debit",
"presentation": [
"http://heidrick.com/role/StockBasedCompensationandCommonStockNarrativeDetails"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Repurchase of common stock",
"label": "Treasury Stock, Value, Acquired, Cost Method",
"documentation": "Equity impact of the cost of common and preferred stock that were repurchased during the period. Recorded using the cost method."
}
}
},
"auth_ref": [
"r10",
"r36",
"r100"
]
},
"hsii_TreasuryStockValueAcquiredToDate": {
"xbrltype": "monetaryItemType",
"nsuri": "http://heidrick.com/20250331",
"localname": "TreasuryStockValueAcquiredToDate",
"crdr": "debit",
"presentation": [
"http://heidrick.com/role/StockBasedCompensationandCommonStockNarrativeDetails"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Total shares acquired to date",
"label": "Treasury Stock, Value, Acquired To Date",
"documentation": "Treasury Stock, Value, Acquired To Date"
}
}
},
"auth_ref": []
},
"us-gaap_TypeOfRestructuringDomain": {
"xbrltype": "domainItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "TypeOfRestructuringDomain",
"presentation": [
"http://heidrick.com/role/RestructuringScheduleofRestructuringAccrualDetails",
"http://heidrick.com/role/RestructuringScheduleofRestructuringChargesReportableSegmentDetails"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Type of Restructuring [Domain]",
"label": "Type of Restructuring [Domain]",
"documentation": "Identification of the types of restructuring costs."
}
}
},
"auth_ref": [
"r352",
"r353",
"r358",
"r359"
]
},
"us-gaap_USTreasurySecuritiesMember": {
"xbrltype": "domainItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "USTreasurySecuritiesMember",
"presentation": [
"http://heidrick.com/role/FinancialInstrumentsandFairValueScheduleofUnrealizedGainLossonInvestmentsDetails"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "U.S. Treasury securities",
"label": "US Treasury Securities [Member]",
"documentation": "This category includes information about debt securities issued by the United States Department of the Treasury and backed by the United States government. Such securities primarily consist of treasury bills (short-term maturities - one year or less), treasury notes (intermediate term maturities - two to ten years), and treasury bonds (long-term maturities - ten to thirty years)."
}
}
},
"auth_ref": [
"r840",
"r865",
"r867",
"r875",
"r1123"
]
},
"us-gaap_UnbilledContractsReceivable": {
"xbrltype": "monetaryItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "UnbilledContractsReceivable",
"crdr": "debit",
"calculation": {
"http://heidrick.com/role/RevenueSummaryofChangesinContractAssetsandLiabilitiesDetails": {
"parentTag": "us-gaap_ContractWithCustomerAssetNet",
"weight": 1.0,
"order": 2.0
}
},
"presentation": [
"http://heidrick.com/role/RevenueSummaryofChangesinContractAssetsandLiabilitiesDetails"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Unbilled receivables, net",
"label": "Unbilled Contracts Receivable",
"documentation": "Unbilled amounts due for services rendered or to be rendered, actions taken or to be taken, or a promise to refrain from taking certain actions in accordance with the terms of a legally binding agreement between the entity and, at a minimum, one other party. An example would be amounts associated with contracts or programs where the recognized revenue for performance thereunder exceeds the amounts billed under the terms thereof as of the date of the balance sheet."
}
}
},
"auth_ref": [
"r673"
]
},
"ecd_UndrlygSecurityMktPriceChngPct": {
"xbrltype": "pureItemType",
"nsuri": "http://xbrl.sec.gov/ecd/2024",
"localname": "UndrlygSecurityMktPriceChngPct",
"presentation": [
"http://xbrl.sec.gov/ecd/role/AwardTimingDisclosure"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Underlying Security Market Price Change",
"label": "Underlying Security Market Price Change, Percent"
}
}
},
"auth_ref": [
"r983"
]
},
"us-gaap_UnrealizedGainLossOnInvestmentsTableTextBlock": {
"xbrltype": "textBlockItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "UnrealizedGainLossOnInvestmentsTableTextBlock",
"presentation": [
"http://heidrick.com/role/FinancialInstrumentsandFairValueTables"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Schedule of Unrealized Gain (Loss) on Investments",
"label": "Unrealized Gain (Loss) on Investments [Table Text Block]",
"documentation": "Tabular disclosure of unrealized gains and losses on investments."
}
}
},
"auth_ref": []
},
"us-gaap_VariableLeaseCost": {
"xbrltype": "monetaryItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "VariableLeaseCost",
"crdr": "debit",
"calculation": {
"http://heidrick.com/role/LeasesScheduleofLeaseCostDetails": {
"parentTag": "us-gaap_LeaseCost",
"weight": 1.0,
"order": 1.0
}
},
"presentation": [
"http://heidrick.com/role/LeasesScheduleofLeaseCostDetails"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Variable lease cost",
"label": "Variable Lease, Cost",
"documentation": "Amount of variable lease cost, excluded from lease liability, recognized when obligation for payment is incurred for finance and operating leases."
}
}
},
"auth_ref": [
"r631",
"r886"
]
},
"ecd_VstngDtFrValOfEqtyAwrdsGrntdAndVstdInCvrdYrMember": {
"xbrltype": "domainItemType",
"nsuri": "http://xbrl.sec.gov/ecd/2024",
"localname": "VstngDtFrValOfEqtyAwrdsGrntdAndVstdInCvrdYrMember",
"presentation": [
"http://xbrl.sec.gov/ecd/role/PvpDisclosure"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year",
"label": "Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year [Member]"
}
}
},
"auth_ref": [
"r953"
]
},
"us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding": {
"xbrltype": "sharesItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "WeightedAverageNumberOfDilutedSharesOutstanding",
"calculation": {
"http://heidrick.com/role/SummaryofSignificantAccountingPoliciesScheduleofEarningsperShareDetails": {
"parentTag": null,
"weight": null,
"order": null,
"root": true
}
},
"presentation": [
"http://heidrick.com/role/CONDENSEDCONSOLIDATEDSTATEMENTSOFCOMPREHENSIVEINCOME",
"http://heidrick.com/role/SummaryofSignificantAccountingPoliciesScheduleofEarningsperShareDetails"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Diluted (in shares)",
"totalLabel": "Diluted (in shares)",
"label": "Weighted Average Number of Shares Outstanding, Diluted",
"documentation": "The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period."
}
}
},
"auth_ref": [
"r216",
"r224"
]
},
"us-gaap_WeightedAverageNumberOfSharesOutstandingBasic": {
"xbrltype": "sharesItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "WeightedAverageNumberOfSharesOutstandingBasic",
"calculation": {
"http://heidrick.com/role/SummaryofSignificantAccountingPoliciesScheduleofEarningsperShareDetails": {
"parentTag": "us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding",
"weight": 1.0,
"order": 2.0
}
},
"presentation": [
"http://heidrick.com/role/CONDENSEDCONSOLIDATEDSTATEMENTSOFCOMPREHENSIVEINCOME",
"http://heidrick.com/role/SummaryofSignificantAccountingPoliciesScheduleofEarningsperShareDetails"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Basic (in shares)",
"label": "Weighted Average Number of Shares Outstanding, Basic",
"documentation": "Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period."
}
}
},
"auth_ref": [
"r215",
"r224"
]
},
"us-gaap_WeightedAverageNumberOfSharesOutstandingDilutedDisclosureItemsAbstract": {
"xbrltype": "stringItemType",
"nsuri": "http://fasb.org/us-gaap/2024",
"localname": "WeightedAverageNumberOfSharesOutstandingDilutedDisclosureItemsAbstract",
"presentation": [
"http://heidrick.com/role/CONDENSEDCONSOLIDATEDSTATEMENTSOFCOMPREHENSIVEINCOME",
"http://heidrick.com/role/SummaryofSignificantAccountingPoliciesScheduleofEarningsperShareDetails"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Weighted-average common shares outstanding",
"verboseLabel": "Weighted average shares outstanding:",
"label": "Weighted Average Number of Shares Outstanding Reconciliation [Abstract]"
}
}
},
"auth_ref": []
},
"ecd_YrEndFrValOfEqtyAwrdsGrntdInCvrdYrOutsdngAndUnvstdMember": {
"xbrltype": "domainItemType",
"nsuri": "http://xbrl.sec.gov/ecd/2024",
"localname": "YrEndFrValOfEqtyAwrdsGrntdInCvrdYrOutsdngAndUnvstdMember",
"presentation": [
"http://xbrl.sec.gov/ecd/role/PvpDisclosure"
],
"lang": {
"en-us": {
"role": {
"terseLabel": "Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested",
"label": "Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested [Member]"
}
}
},
"auth_ref": [
"r951"
]
}
}
}
},
"std_ref": {
"r0": {
"role": "http://fasb.org/us-gaap/role/ref/legacyRef",
"Name": "Accounting Standards Codification",
"Section": "45",
"Paragraph": "1",
"SubTopic": "230",
"Topic": "830",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147477401/830-230-45-1"
},
"r1": {
"role": "http://fasb.org/us-gaap/role/ref/legacyRef",
"Name": "Accounting Standards Codification",
"Section": "45",
"Paragraph": "10A",
"SubTopic": "10",
"Topic": "220",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147482790/220-10-45-10A"
},
"r2": {
"role": "http://fasb.org/us-gaap/role/ref/legacyRef",
"Name": "Accounting Standards Codification",
"Section": "45",
"Paragraph": "10A",
"Subparagraph": "(a)",
"SubTopic": "10",
"Topic": "220",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147482790/220-10-45-10A"
},
"r3": {
"role": "http://fasb.org/us-gaap/role/ref/legacyRef",
"Name": "Accounting Standards Codification",
"Section": "45",
"Paragraph": "10A",
"Subparagraph": "(j)",
"SubTopic": "10",
"Topic": "220",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147482790/220-10-45-10A"
},
"r4": {
"role": "http://fasb.org/us-gaap/role/ref/legacyRef",
"Name": "Accounting Standards Codification",
"Section": "45",
"Paragraph": "10A",
"Subparagraph": "(k)",
"SubTopic": "10",
"Topic": "220",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147482790/220-10-45-10A"
},
"r5": {
"role": "http://fasb.org/us-gaap/role/ref/legacyRef",
"Name": "Accounting Standards Codification",
"Section": "45",
"Paragraph": "20",
"SubTopic": "10",
"Topic": "810",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147481231/810-10-45-20"
},
"r6": {
"role": "http://fasb.org/us-gaap/role/ref/legacyRef",
"Name": "Accounting Standards Codification",
"Section": "45",
"Paragraph": "28",
"Subparagraph": "(a)",
"SubTopic": "10",
"Topic": "230",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147482740/230-10-45-28"
},
"r7": {
"role": "http://fasb.org/us-gaap/role/ref/legacyRef",
"Name": "Accounting Standards Codification",
"Section": "45",
"Paragraph": "28",
"Subparagraph": "(b)",
"SubTopic": "10",
"Topic": "230",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147482740/230-10-45-28"
},
"r8": {
"role": "http://fasb.org/us-gaap/role/ref/legacyRef",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "1",
"SubTopic": "10",
"Topic": "360",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147482099/360-10-50-1"
},
"r9": {
"role": "http://fasb.org/us-gaap/role/ref/legacyRef",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "1A",
"Subparagraph": "(c)(3)",
"SubTopic": "10",
"Topic": "810",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147481203/810-10-50-1A"
},
"r10": {
"role": "http://fasb.org/us-gaap/role/ref/legacyRef",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "2",
"SubTopic": "10",
"Topic": "505",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147481112/505-10-50-2"
},
"r11": {
"role": "http://fasb.org/us-gaap/role/ref/legacyRef",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "4",
"SubTopic": "10",
"Topic": "280",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147482810/280-10-50-4"
},
"r12": {
"role": "http://fasb.org/us-gaap/role/ref/legacyRef",
"Name": "Accounting Standards Codification",
"Section": "55",
"Paragraph": "15",
"SubTopic": "10",
"Topic": "220",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147482739/220-10-55-15"
},
"r13": {
"role": "http://fasb.org/us-gaap/role/ref/legacyRef",
"Name": "Accounting Standards Codification",
"Section": "S99",
"Paragraph": "1",
"Subparagraph": "(SX 210.5-02(22))",
"SubTopic": "10",
"Topic": "210",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147480566/210-10-S99-1"
},
"r14": {
"role": "http://fasb.org/us-gaap/role/ref/legacyRef",
"Name": "Accounting Standards Codification",
"Topic": "220",
"SubTopic": "10",
"Section": "45",
"Paragraph": "14",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147482790/220-10-45-14"
},
"r15": {
"role": "http://fasb.org/us-gaap/role/ref/legacyRef",
"Name": "Accounting Standards Codification",
"Topic": "220",
"SubTopic": "10",
"Section": "45",
"Paragraph": "14A",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147482790/220-10-45-14A"
},
"r16": {
"role": "http://fasb.org/us-gaap/role/ref/legacyRef",
"Name": "Accounting Standards Codification",
"Topic": "220",
"SubTopic": "10",
"Section": "45",
"Paragraph": "5",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147482790/220-10-45-5"
},
"r17": {
"role": "http://fasb.org/us-gaap/role/ref/legacyRef",
"Name": "Accounting Standards Codification",
"Topic": "230",
"SubTopic": "10",
"Section": "45",
"Paragraph": "12",
"Subparagraph": "(a)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147482740/230-10-45-12"
},
"r18": {
"role": "http://fasb.org/us-gaap/role/ref/legacyRef",
"Name": "Accounting Standards Codification",
"Topic": "230",
"SubTopic": "10",
"Section": "45",
"Paragraph": "13",
"Subparagraph": "(a)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147482740/230-10-45-13"
},
"r19": {
"role": "http://fasb.org/us-gaap/role/ref/legacyRef",
"Name": "Accounting Standards Codification",
"Topic": "230",
"SubTopic": "10",
"Section": "45",
"Paragraph": "15",
"Subparagraph": "(e)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147482740/230-10-45-15"
},
"r20": {
"role": "http://fasb.org/us-gaap/role/ref/legacyRef",
"Name": "Accounting Standards Codification",
"Topic": "230",
"SubTopic": "10",
"Section": "45",
"Paragraph": "4",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147482740/230-10-45-4"
},
"r21": {
"role": "http://fasb.org/us-gaap/role/ref/legacyRef",
"Name": "Accounting Standards Codification",
"Topic": "260",
"SubTopic": "10",
"Section": "50",
"Paragraph": "1",
"Subparagraph": "(c)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147482662/260-10-50-1"
},
"r22": {
"role": "http://fasb.org/us-gaap/role/ref/legacyRef",
"Name": "Accounting Standards Codification",
"Topic": "260",
"SubTopic": "10",
"Section": "50",
"Paragraph": "2",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147482662/260-10-50-2"
},
"r23": {
"role": "http://fasb.org/us-gaap/role/ref/legacyRef",
"Name": "Accounting Standards Codification",
"Topic": "280",
"SubTopic": "10",
"Section": "50",
"Paragraph": "22",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147482810/280-10-50-22"
},
"r24": {
"role": "http://fasb.org/us-gaap/role/ref/legacyRef",
"Name": "Accounting Standards Codification",
"Topic": "280",
"SubTopic": "10",
"Section": "50",
"Paragraph": "25",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147482810/280-10-50-25"
},
"r25": {
"role": "http://fasb.org/us-gaap/role/ref/legacyRef",
"Name": "Accounting Standards Codification",
"Topic": "280",
"SubTopic": "10",
"Section": "50",
"Paragraph": "30",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147482810/280-10-50-30"
},
"r26": {
"role": "http://fasb.org/us-gaap/role/ref/legacyRef",
"Name": "Accounting Standards Codification",
"Topic": "280",
"SubTopic": "10",
"Section": "50",
"Paragraph": "30",
"Subparagraph": "(d)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147482810/280-10-50-30"
},
"r27": {
"role": "http://fasb.org/us-gaap/role/ref/legacyRef",
"Name": "Accounting Standards Codification",
"Topic": "280",
"SubTopic": "10",
"Section": "50",
"Paragraph": "31",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147482810/280-10-50-31"
},
"r28": {
"role": "http://fasb.org/us-gaap/role/ref/legacyRef",
"Name": "Accounting Standards Codification",
"Topic": "360",
"SubTopic": "10",
"Section": "50",
"Paragraph": "1",
"Subparagraph": "(a)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147482099/360-10-50-1"
},
"r29": {
"role": "http://fasb.org/us-gaap/role/ref/legacyRef",
"Name": "Accounting Standards Codification",
"Topic": "360",
"SubTopic": "10",
"Section": "50",
"Paragraph": "1",
"Subparagraph": "(c)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147482099/360-10-50-1"
},
"r30": {
"role": "http://fasb.org/us-gaap/role/ref/legacyRef",
"Name": "Accounting Standards Codification",
"Topic": "420",
"SubTopic": "10",
"Section": "50",
"Paragraph": "1",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147482017/420-10-50-1"
},
"r31": {
"role": "http://fasb.org/us-gaap/role/ref/legacyRef",
"Name": "Accounting Standards Codification",
"Topic": "420",
"SubTopic": "10",
"Section": "50",
"Paragraph": "1",
"Subparagraph": "(b)(2)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147482017/420-10-50-1"
},
"r32": {
"role": "http://fasb.org/us-gaap/role/ref/legacyRef",
"Name": "Accounting Standards Codification",
"Topic": "470",
"SubTopic": "10",
"Section": "45",
"Paragraph": "10",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147481573/470-10-45-10"
},
"r33": {
"role": "http://fasb.org/us-gaap/role/ref/legacyRef",
"Name": "Accounting Standards Codification",
"Topic": "470",
"SubTopic": "10",
"Section": "50",
"Paragraph": "5",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147481544/470-10-50-5"
},
"r34": {
"role": "http://fasb.org/us-gaap/role/ref/legacyRef",
"Name": "Accounting Standards Codification",
"Topic": "505",
"SubTopic": "10",
"Section": "50",
"Paragraph": "3",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147481112/505-10-50-3"
},
"r35": {
"role": "http://fasb.org/us-gaap/role/ref/legacyRef",
"Name": "Accounting Standards Codification",
"Topic": "505",
"SubTopic": "10",
"Section": "50",
"Paragraph": "8",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147481112/505-10-50-8"
},
"r36": {
"role": "http://fasb.org/us-gaap/role/ref/legacyRef",
"Name": "Accounting Standards Codification",
"Topic": "505",
"SubTopic": "30",
"Section": "45",
"Paragraph": "1",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147481549/505-30-45-1"
},
"r37": {
"role": "http://fasb.org/us-gaap/role/ref/legacyRef",
"Name": "Accounting Standards Codification",
"Topic": "505",
"SubTopic": "30",
"Section": "50",
"Paragraph": "4",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147481520/505-30-50-4"
},
"r38": {
"role": "http://fasb.org/us-gaap/role/ref/legacyRef",
"Name": "Accounting Standards Codification",
"Topic": "718",
"SubTopic": "10",
"Section": "50",
"Paragraph": "2",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147480429/718-10-50-2"
},
"r39": {
"role": "http://fasb.org/us-gaap/role/ref/legacyRef",
"Name": "Accounting Standards Codification",
"Topic": "718",
"SubTopic": "10",
"Section": "50",
"Paragraph": "2",
"Subparagraph": "(d)(1)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147480429/718-10-50-2"
},
"r40": {
"role": "http://fasb.org/us-gaap/role/ref/legacyRef",
"Name": "Accounting Standards Codification",
"Topic": "718",
"SubTopic": "10",
"Section": "50",
"Paragraph": "2",
"Subparagraph": "(h)(1)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147480429/718-10-50-2"
},
"r41": {
"role": "http://fasb.org/us-gaap/role/ref/legacyRef",
"Name": "Accounting Standards Codification",
"Topic": "718",
"SubTopic": "20",
"Section": "55",
"Paragraph": "12",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147481089/718-20-55-12"
},
"r42": {
"role": "http://fasb.org/us-gaap/role/ref/legacyRef",
"Name": "Accounting Standards Codification",
"Topic": "718",
"SubTopic": "20",
"Section": "55",
"Paragraph": "13",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147481089/718-20-55-13"
},
"r43": {
"role": "http://fasb.org/us-gaap/role/ref/legacyRef",
"Name": "Accounting Standards Codification",
"Topic": "805",
"SubTopic": "20",
"Section": "55",
"Paragraph": "14",
"Subparagraph": "(a)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147479876/805-20-55-14"
},
"r44": {
"role": "http://fasb.org/us-gaap/role/ref/legacyRef",
"Name": "Accounting Standards Codification",
"Topic": "805",
"SubTopic": "20",
"Section": "55",
"Paragraph": "20",
"Subparagraph": "(c)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147479876/805-20-55-20"
},
"r45": {
"role": "http://fasb.org/us-gaap/role/ref/legacyRef",
"Name": "Accounting Standards Codification",
"Topic": "815",
"SubTopic": "10",
"Section": "50",
"Paragraph": "4A",
"Subparagraph": "(a)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147480434/815-10-50-4A"
},
"r46": {
"role": "http://fasb.org/us-gaap/role/ref/legacyRef",
"Name": "Accounting Standards Codification",
"Topic": "815",
"SubTopic": "10",
"Section": "50",
"Paragraph": "4B",
"Subparagraph": "(d)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147480434/815-10-50-4B"
},
"r47": {
"role": "http://fasb.org/us-gaap/role/ref/legacyRef",
"Name": "Accounting Standards Codification",
"Topic": "815",
"SubTopic": "10",
"Section": "55",
"Paragraph": "182",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147480401/815-10-55-182"
},
"r48": {
"role": "http://fasb.org/us-gaap/role/ref/legacyRef",
"Name": "Accounting Standards Codification",
"Topic": "825",
"SubTopic": "10",
"Section": "50",
"Paragraph": "11",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147482907/825-10-50-11"
},
"r49": {
"role": "http://fasb.org/us-gaap/role/ref/legacyRef",
"Name": "Accounting Standards Codification",
"Topic": "825",
"SubTopic": "10",
"Section": "50",
"Paragraph": "12",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147482907/825-10-50-12"
},
"r50": {
"role": "http://fasb.org/us-gaap/role/ref/legacyRef",
"Name": "Accounting Standards Codification",
"Topic": "942",
"SubTopic": "320",
"Section": "50",
"Paragraph": "5",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147477268/942-320-50-5"
},
"r51": {
"role": "http://fasb.org/us-gaap/role/ref/legacyRef",
"Name": "Accounting Standards Codification",
"Topic": "942",
"SubTopic": "470",
"Section": "50",
"Paragraph": "3",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147477734/942-470-50-3"
},
"r52": {
"role": "http://fasb.org/us-gaap/role/ref/legacyRef",
"Topic": "205",
"Name": "Accounting Standards Codification",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/205/tableOfContent"
},
"r53": {
"role": "http://fasb.org/us-gaap/role/ref/legacyRef",
"Topic": "210",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "S99",
"Paragraph": "1",
"Subparagraph": "(SX 210.5-02(19)(a))",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147480566/210-10-S99-1"
},
"r54": {
"role": "http://fasb.org/us-gaap/role/ref/legacyRef",
"Topic": "210",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "S99",
"Paragraph": "1",
"Subparagraph": "(SX 210.5-02(19)(b))",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147480566/210-10-S99-1"
},
"r55": {
"role": "http://fasb.org/us-gaap/role/ref/legacyRef",
"Topic": "210",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "S99",
"Paragraph": "1",
"Subparagraph": "(SX 210.5-02(19))",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147480566/210-10-S99-1"
},
"r56": {
"role": "http://fasb.org/us-gaap/role/ref/legacyRef",
"Topic": "210",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "S99",
"Paragraph": "1",
"Subparagraph": "(SX 210.5-02(20))",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147480566/210-10-S99-1"
},
"r57": {
"role": "http://fasb.org/us-gaap/role/ref/legacyRef",
"Topic": "210",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "S99",
"Paragraph": "1",
"Subparagraph": "(SX 210.5-02(21))",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147480566/210-10-S99-1"
},
"r58": {
"role": "http://fasb.org/us-gaap/role/ref/legacyRef",
"Topic": "210",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "S99",
"Paragraph": "1",
"Subparagraph": "(SX 210.5-02(22)(b))",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147480566/210-10-S99-1"
},
"r59": {
"role": "http://fasb.org/us-gaap/role/ref/legacyRef",
"Topic": "210",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "S99",
"Paragraph": "1",
"Subparagraph": "(SX 210.5-02(23))",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147480566/210-10-S99-1"
},
"r60": {
"role": "http://fasb.org/us-gaap/role/ref/legacyRef",
"Topic": "210",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "S99",
"Paragraph": "1",
"Subparagraph": "(SX 210.5-02(24))",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147480566/210-10-S99-1"
},
"r61": {
"role": "http://fasb.org/us-gaap/role/ref/legacyRef",
"Topic": "210",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "S99",
"Paragraph": "1",
"Subparagraph": "(SX 210.5-02(25))",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147480566/210-10-S99-1"
},
"r62": {
"role": "http://fasb.org/us-gaap/role/ref/legacyRef",
"Topic": "210",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "S99",
"Paragraph": "1",
"Subparagraph": "(SX 210.5-02(26))",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147480566/210-10-S99-1"
},
"r63": {
"role": "http://fasb.org/us-gaap/role/ref/legacyRef",
"Topic": "210",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "S99",
"Paragraph": "1",
"Subparagraph": "(SX 210.5-02(28))",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147480566/210-10-S99-1"
},
"r64": {
"role": "http://fasb.org/us-gaap/role/ref/legacyRef",
"Topic": "210",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "S99",
"Paragraph": "1",
"Subparagraph": "(SX 210.5-02(29))",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147480566/210-10-S99-1"
},
"r65": {
"role": "http://fasb.org/us-gaap/role/ref/legacyRef",
"Topic": "210",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "S99",
"Paragraph": "1",
"Subparagraph": "(SX 210.5-02(30)(a)(1))",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147480566/210-10-S99-1"
},
"r66": {
"role": "http://fasb.org/us-gaap/role/ref/legacyRef",
"Topic": "210",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "S99",
"Paragraph": "1",
"Subparagraph": "(SX 210.5-02(30)(a)(3))",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147480566/210-10-S99-1"
},
"r67": {
"role": "http://fasb.org/us-gaap/role/ref/legacyRef",
"Topic": "210",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "S99",
"Paragraph": "1",
"Subparagraph": "(SX 210.5-02(30))",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147480566/210-10-S99-1"
},
"r68": {
"role": "http://fasb.org/us-gaap/role/ref/legacyRef",
"Topic": "210",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "S99",
"Paragraph": "1",
"Subparagraph": "(SX 210.5-02(31))",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147480566/210-10-S99-1"
},
"r69": {
"role": "http://fasb.org/us-gaap/role/ref/legacyRef",
"Topic": "210",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "S99",
"Paragraph": "1",
"Subparagraph": "(SX 210.5-02(32))",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147480566/210-10-S99-1"
},
"r70": {
"role": "http://fasb.org/us-gaap/role/ref/legacyRef",
"Topic": "220",
"Name": "Accounting Standards Codification",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/220/tableOfContent"
},
"r71": {
"role": "http://fasb.org/us-gaap/role/ref/legacyRef",
"Topic": "220",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "45",
"Paragraph": "10A",
"Subparagraph": "(b)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147482790/220-10-45-10A"
},
"r72": {
"role": "http://fasb.org/us-gaap/role/ref/legacyRef",
"Topic": "220",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "45",
"Paragraph": "10A",
"Subparagraph": "(c)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147482790/220-10-45-10A"
},
"r73": {
"role": "http://fasb.org/us-gaap/role/ref/legacyRef",
"Topic": "220",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "45",
"Paragraph": "10A",
"Subparagraph": "(i)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147482790/220-10-45-10A"
},
"r74": {
"role": "http://fasb.org/us-gaap/role/ref/legacyRef",
"Topic": "220",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "45",
"Paragraph": "11",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147482790/220-10-45-11"
},
"r75": {
"role": "http://fasb.org/us-gaap/role/ref/legacyRef",
"Topic": "220",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "S99",
"Paragraph": "2",
"Subparagraph": "(SX 210.5-03(2)(a))",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147483621/220-10-S99-2"
},
"r76": {
"role": "http://fasb.org/us-gaap/role/ref/legacyRef",
"Topic": "220",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "S99",
"Paragraph": "2",
"Subparagraph": "(SX 210.5-03(2)(d))",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147483621/220-10-S99-2"
},
"r77": {
"role": "http://fasb.org/us-gaap/role/ref/legacyRef",
"Topic": "220",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "S99",
"Paragraph": "2",
"Subparagraph": "(SX 210.5-03(20))",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147483621/220-10-S99-2"
},
"r78": {
"role": "http://fasb.org/us-gaap/role/ref/legacyRef",
"Topic": "220",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "S99",
"Paragraph": "2",
"Subparagraph": "(SX 210.5-03(4))",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147483621/220-10-S99-2"
},
"r79": {
"role": "http://fasb.org/us-gaap/role/ref/legacyRef",
"Topic": "220",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "S99",
"Paragraph": "2",
"Subparagraph": "(SX 210.5-03(7)(c))",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147483621/220-10-S99-2"
},
"r80": {
"role": "http://fasb.org/us-gaap/role/ref/legacyRef",
"Topic": "220",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "S99",
"Paragraph": "2",
"Subparagraph": "(SX 210.5-03(7))",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147483621/220-10-S99-2"
},
"r81": {
"role": "http://fasb.org/us-gaap/role/ref/legacyRef",
"Topic": "220",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "S99",
"Paragraph": "2",
"Subparagraph": "(SX 210.5-03(9)(a))",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147483621/220-10-S99-2"
},
"r82": {
"role": "http://fasb.org/us-gaap/role/ref/legacyRef",
"Topic": "220",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "S99",
"Paragraph": "2",
"Subparagraph": "(SX 210.5-03(9))",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147483621/220-10-S99-2"
},
"r83": {
"role": "http://fasb.org/us-gaap/role/ref/legacyRef",
"Topic": "220",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "S99",
"Paragraph": "2",
"Subparagraph": "(SX 210.5-03)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147483621/220-10-S99-2"
},
"r84": {
"role": "http://fasb.org/us-gaap/role/ref/legacyRef",
"Topic": "230",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "45",
"Paragraph": "13",
"Subparagraph": "(c)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147482740/230-10-45-13"
},
"r85": {
"role": "http://fasb.org/us-gaap/role/ref/legacyRef",
"Topic": "230",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "45",
"Paragraph": "15",
"Subparagraph": "(a)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147482740/230-10-45-15"
},
"r86": {
"role": "http://fasb.org/us-gaap/role/ref/legacyRef",
"Topic": "230",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "45",
"Paragraph": "24",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147482740/230-10-45-24"
},
"r87": {
"role": "http://fasb.org/us-gaap/role/ref/legacyRef",
"Topic": "230",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "45",
"Paragraph": "25",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147482740/230-10-45-25"
},
"r88": {
"role": "http://fasb.org/us-gaap/role/ref/legacyRef",
"Topic": "230",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "45",
"Paragraph": "28",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147482740/230-10-45-28"
},
"r89": {
"role": "http://fasb.org/us-gaap/role/ref/legacyRef",
"Topic": "235",
"Name": "Accounting Standards Codification",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/235/tableOfContent"
},
"r90": {
"role": "http://fasb.org/us-gaap/role/ref/legacyRef",
"Topic": "310",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "S99",
"Paragraph": "2",
"Subparagraph": "(SAB Topic 4.E)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147480418/310-10-S99-2"
},
"r91": {
"role": "http://fasb.org/us-gaap/role/ref/legacyRef",
"Topic": "360",
"Name": "Accounting Standards Codification",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/360/tableOfContent"
},
"r92": {
"role": "http://fasb.org/us-gaap/role/ref/legacyRef",
"Topic": "360",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "1",
"Subparagraph": "(b)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147482099/360-10-50-1"
},
"r93": {
"role": "http://fasb.org/us-gaap/role/ref/legacyRef",
"Topic": "420",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "S99",
"Paragraph": "1",
"Subparagraph": "(SAB Topic 5.P.3)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147479823/420-10-S99-1"
},
"r94": {
"role": "http://fasb.org/us-gaap/role/ref/legacyRef",
"Topic": "420",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "S99",
"Paragraph": "2",
"Subparagraph": "(SAB Topic 5.P.4)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147479823/420-10-S99-2"
},
"r95": {
"role": "http://fasb.org/us-gaap/role/ref/legacyRef",
"Topic": "420",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "S99",
"Paragraph": "2",
"Subparagraph": "(SAB Topic 5.P.4.b.2)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147479823/420-10-S99-2"
},
"r96": {
"role": "http://fasb.org/us-gaap/role/ref/legacyRef",
"Topic": "440",
"Name": "Accounting Standards Codification",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/440/tableOfContent"
},
"r97": {
"role": "http://fasb.org/us-gaap/role/ref/legacyRef",
"Topic": "470",
"Name": "Accounting Standards Codification",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/470/tableOfContent"
},
"r98": {
"role": "http://fasb.org/us-gaap/role/ref/legacyRef",
"Topic": "505",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "6",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147481112/505-10-50-6"
},
"r99": {
"role": "http://fasb.org/us-gaap/role/ref/legacyRef",
"Topic": "505",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "7",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147481112/505-10-50-7"
},
"r100": {
"role": "http://fasb.org/us-gaap/role/ref/legacyRef",
"Topic": "505",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "S99",
"Paragraph": "1",
"Subparagraph": "(SX 210.3-04)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147480008/505-10-S99-1"
},
"r101": {
"role": "http://fasb.org/us-gaap/role/ref/legacyRef",
"Topic": "718",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "2",
"Subparagraph": "(c)(1)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147480429/718-10-50-2"
},
"r102": {
"role": "http://fasb.org/us-gaap/role/ref/legacyRef",
"Topic": "718",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "2",
"Subparagraph": "(c)(2)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147480429/718-10-50-2"
},
"r103": {
"role": "http://fasb.org/us-gaap/role/ref/legacyRef",
"Topic": "810",
"Name": "Accounting Standards Codification",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/810/tableOfContent"
},
"r104": {
"role": "http://fasb.org/us-gaap/role/ref/legacyRef",
"Topic": "810",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "45",
"Paragraph": "19",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147481231/810-10-45-19"
},
"r105": {
"role": "http://fasb.org/us-gaap/role/ref/legacyRef",
"Topic": "942",
"SubTopic": "210",
"Name": "Accounting Standards Codification",
"Section": "S99",
"Paragraph": "1",
"Subparagraph": "(SX 210.9-03(10))",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147478546/942-210-S99-1"
},
"r106": {
"role": "http://fasb.org/us-gaap/role/ref/legacyRef",
"Topic": "942",
"SubTopic": "210",
"Name": "Accounting Standards Codification",
"Section": "S99",
"Paragraph": "1",
"Subparagraph": "(SX 210.9-03(11))",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147478546/942-210-S99-1"
},
"r107": {
"role": "http://fasb.org/us-gaap/role/ref/legacyRef",
"Topic": "942",
"SubTopic": "210",
"Name": "Accounting Standards Codification",
"Section": "S99",
"Paragraph": "1",
"Subparagraph": "(SX 210.9-03(13))",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147478546/942-210-S99-1"
},
"r108": {
"role": "http://fasb.org/us-gaap/role/ref/legacyRef",
"Topic": "942",
"SubTopic": "210",
"Name": "Accounting Standards Codification",
"Section": "S99",
"Paragraph": "1",
"Subparagraph": "(SX 210.9-03(15)(1))",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147478546/942-210-S99-1"
},
"r109": {
"role": "http://fasb.org/us-gaap/role/ref/legacyRef",
"Topic": "942",
"SubTopic": "210",
"Name": "Accounting Standards Codification",
"Section": "S99",
"Paragraph": "1",
"Subparagraph": "(SX 210.9-03(15))",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147478546/942-210-S99-1"
},
"r110": {
"role": "http://fasb.org/us-gaap/role/ref/legacyRef",
"Topic": "942",
"SubTopic": "210",
"Name": "Accounting Standards Codification",
"Section": "S99",
"Paragraph": "1",
"Subparagraph": "(SX 210.9-03(16))",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147478546/942-210-S99-1"
},
"r111": {
"role": "http://fasb.org/us-gaap/role/ref/legacyRef",
"Topic": "942",
"SubTopic": "210",
"Name": "Accounting Standards Codification",
"Section": "S99",
"Paragraph": "1",
"Subparagraph": "(SX 210.9-03(17))",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147478546/942-210-S99-1"
},
"r112": {
"role": "http://fasb.org/us-gaap/role/ref/legacyRef",
"Topic": "942",
"SubTopic": "210",
"Name": "Accounting Standards Codification",
"Section": "S99",
"Paragraph": "1",
"Subparagraph": "(SX 210.9-03(23))",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147478546/942-210-S99-1"
},
"r113": {
"role": "http://fasb.org/us-gaap/role/ref/legacyRef",
"Topic": "942",
"SubTopic": "210",
"Name": "Accounting Standards Codification",
"Section": "S99",
"Paragraph": "1",
"Subparagraph": "(SX 210.9-03(4))",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147478546/942-210-S99-1"
},
"r114": {
"role": "http://fasb.org/us-gaap/role/ref/legacyRef",
"Topic": "942",
"SubTopic": "220",
"Name": "Accounting Standards Codification",
"Section": "S99",
"Paragraph": "1",
"Subparagraph": "(SX 210.9-04(22))",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147478524/942-220-S99-1"
},
"r115": {
"role": "http://fasb.org/us-gaap/role/ref/otherTransitionRef",
"Topic": "280",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "32",
"Subparagraph": "(a)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147482810/280-10-50-32"
},
"r116": {
"role": "http://fasb.org/us-gaap/role/ref/otherTransitionRef",
"Topic": "280",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "32",
"Subparagraph": "(b)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147482810/280-10-50-32"
},
"r117": {
"role": "http://fasb.org/us-gaap/role/ref/otherTransitionRef",
"Topic": "280",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "32",
"Subparagraph": "(c)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147482810/280-10-50-32"
},
"r118": {
"role": "http://fasb.org/us-gaap/role/ref/otherTransitionRef",
"Topic": "280",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "32",
"Subparagraph": "(d)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147482810/280-10-50-32"
},
"r119": {
"role": "http://fasb.org/us-gaap/role/ref/otherTransitionRef",
"Topic": "310",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "7A",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147481962/310-10-50-7A"
},
"r120": {
"role": "http://fasb.org/us-gaap/role/ref/otherTransitionRef",
"Topic": "320",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "6",
"Subparagraph": "(b)(3)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147481800/320-10-50-6"
},
"r121": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Name": "Accounting Standards Codification",
"Section": "45",
"Paragraph": "2",
"Subparagraph": "(a)",
"SubTopic": "20",
"Topic": "740",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147482659/740-20-45-2"
},
"r122": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "1",
"Subparagraph": "(d)",
"SubTopic": "360",
"Topic": "958",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147477798/958-360-50-1"
},
"r123": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "6",
"SubTopic": "360",
"Topic": "958",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147477798/958-360-50-6"
},
"r124": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "7",
"SubTopic": "360",
"Topic": "958",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147477798/958-360-50-7"
},
"r125": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Name": "Accounting Standards Codification",
"Section": "S99",
"Paragraph": "1",
"Subparagraph": "(SX 210.4-08(h))",
"SubTopic": "10",
"Topic": "235",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147480678/235-10-S99-1"
},
"r126": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Name": "Accounting Standards Codification",
"Topic": "606",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/606/tableOfContent"
},
"r127": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Name": "Regulation S-X (SX)",
"Number": "210",
"Section": "12",
"Subsection": "04",
"Paragraph": "a",
"Publisher": "SEC"
},
"r128": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Name": "Regulation S-X (SX)",
"Number": "210",
"Section": "12",
"Subsection": "12",
"Paragraph": "Column A",
"Footnote": "2",
"Publisher": "SEC"
},
"r129": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Name": "Regulation S-X (SX)",
"Number": "210",
"Section": "12",
"Subsection": "12",
"Paragraph": "Column C",
"Footnote": "5",
"Publisher": "SEC"
},
"r130": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Name": "Regulation S-X (SX)",
"Number": "210",
"Section": "12",
"Subsection": "12A",
"Paragraph": "Column A",
"Footnote": "2",
"Publisher": "SEC"
},
"r131": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Name": "Regulation S-X (SX)",
"Number": "210",
"Section": "12",
"Subsection": "12A",
"Paragraph": "Column C",
"Footnote": "4",
"Publisher": "SEC"
},
"r132": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Name": "Regulation S-X (SX)",
"Number": "210",
"Section": "12",
"Subsection": "12B",
"Paragraph": "Column A",
"Subparagraph": "(a)",
"Footnote": "4",
"Publisher": "SEC"
},
"r133": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Name": "Regulation S-X (SX)",
"Number": "210",
"Section": "12",
"Subsection": "12B",
"Paragraph": "Column A",
"Subparagraph": "(b)",
"Footnote": "4",
"Publisher": "SEC"
},
"r134": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Name": "Regulation S-X (SX)",
"Number": "210",
"Section": "12",
"Subsection": "12B",
"Paragraph": "Column C",
"Footnote": "2",
"Publisher": "SEC"
},
"r135": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Name": "Regulation S-X (SX)",
"Number": "210",
"Section": "12",
"Subsection": "14",
"Paragraph": "Column A",
"Footnote": "2",
"Publisher": "SEC"
},
"r136": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Name": "Regulation S-X (SX)",
"Number": "210",
"Section": "12",
"Subsection": "14",
"Paragraph": "Column F",
"Footnote": "7",
"Publisher": "SEC"
},
"r137": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Name": "Regulation S-X (SX)",
"Number": "210",
"Section": "12",
"Subsection": "28",
"Paragraph": "Column A",
"Footnote": "2",
"Publisher": "SEC"
},
"r138": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Name": "Regulation S-X (SX)",
"Number": "210",
"Section": "12",
"Subsection": "28",
"Paragraph": "Column B",
"Publisher": "SEC"
},
"r139": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Name": "Regulation S-X (SX)",
"Number": "210",
"Section": "12",
"Subsection": "28",
"Paragraph": "Column C",
"Publisher": "SEC"
},
"r140": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Name": "Regulation S-X (SX)",
"Number": "210",
"Section": "12",
"Subsection": "28",
"Paragraph": "Column D",
"Publisher": "SEC"
},
"r141": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Name": "Regulation S-X (SX)",
"Number": "210",
"Section": "12",
"Subsection": "28",
"Paragraph": "Column E",
"Publisher": "SEC"
},
"r142": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Name": "Regulation S-X (SX)",
"Number": "210",
"Section": "12",
"Subsection": "28",
"Paragraph": "Column F",
"Publisher": "SEC"
},
"r143": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Name": "Regulation S-X (SX)",
"Number": "210",
"Section": "12",
"Subsection": "28",
"Paragraph": "Column G",
"Publisher": "SEC"
},
"r144": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Name": "Regulation S-X (SX)",
"Number": "210",
"Section": "12",
"Subsection": "28",
"Paragraph": "Column H",
"Publisher": "SEC"
},
"r145": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Name": "Regulation S-X (SX)",
"Number": "210",
"Section": "12",
"Subsection": "28",
"Paragraph": "Column I",
"Publisher": "SEC"
},
"r146": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Name": "Regulation S-X (SX)",
"Number": "210",
"Section": "12",
"Subsection": "29",
"Paragraph": "Column A",
"Footnote": "4",
"Publisher": "SEC"
},
"r147": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Name": "Regulation S-X (SX)",
"Number": "210",
"Section": "13",
"Subsection": "01",
"Paragraph": "a",
"Subparagraph": "(4)(i)",
"Publisher": "SEC"
},
"r148": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Name": "Regulation S-X (SX)",
"Number": "210",
"Section": "13",
"Subsection": "01",
"Paragraph": "a",
"Subparagraph": "(4)(iii)(A)",
"Publisher": "SEC"
},
"r149": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Name": "Regulation S-X (SX)",
"Number": "210",
"Section": "13",
"Subsection": "01",
"Paragraph": "a",
"Subparagraph": "(4)(iii)(B)",
"Publisher": "SEC"
},
"r150": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Name": "Regulation S-X (SX)",
"Number": "210",
"Section": "13",
"Subsection": "01",
"Paragraph": "a",
"Subparagraph": "(4)(iv)",
"Publisher": "SEC"
},
"r151": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Name": "Regulation S-X (SX)",
"Number": "210",
"Section": "13",
"Subsection": "02",
"Paragraph": "a",
"Subparagraph": "(4)(i)",
"Publisher": "SEC"
},
"r152": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Name": "Regulation S-X (SX)",
"Number": "210",
"Section": "13",
"Subsection": "02",
"Paragraph": "a",
"Subparagraph": "(4)(iii)(A)",
"Publisher": "SEC"
},
"r153": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Name": "Regulation S-X (SX)",
"Number": "210",
"Section": "13",
"Subsection": "02",
"Paragraph": "a",
"Subparagraph": "(4)(iii)(B)",
"Publisher": "SEC"
},
"r154": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Name": "Regulation S-X (SX)",
"Number": "210",
"Section": "13",
"Subsection": "02",
"Paragraph": "a",
"Subparagraph": "(4)(iii)(C)",
"Publisher": "SEC"
},
"r155": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Name": "Regulation S-X (SX)",
"Number": "210",
"Section": "13",
"Subsection": "02",
"Paragraph": "a",
"Subparagraph": "(4)(iv)",
"Publisher": "SEC"
},
"r156": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Name": "Staff Accounting Bulletin (SAB)",
"Number": "Topic 5",
"Section": "Y",
"Paragraph": "Question 2",
"Publisher": "SEC"
},
"r157": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Name": "Staff Accounting Bulletin (SAB)",
"Number": "Topic 5",
"Section": "Y",
"Paragraph": "Question 4",
"Publisher": "SEC"
},
"r158": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "105",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "65",
"Paragraph": "6",
"Subparagraph": "(c)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147479343/105-10-65-6"
},
"r159": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "205",
"SubTopic": "20",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "1",
"Subparagraph": "(d)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147483499/205-20-50-1"
},
"r160": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "205",
"SubTopic": "20",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "7",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147483499/205-20-50-7"
},
"r161": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "210",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "45",
"Paragraph": "1",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147483467/210-10-45-1"
},
"r162": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "210",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "45",
"Paragraph": "5",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147483467/210-10-45-5"
},
"r163": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "210",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "S99",
"Paragraph": "1",
"Subparagraph": "(SX 210.5-02(1))",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147480566/210-10-S99-1"
},
"r164": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "210",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "S99",
"Paragraph": "1",
"Subparagraph": "(SX 210.5-02(12))",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147480566/210-10-S99-1"
},
"r165": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "210",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "S99",
"Paragraph": "1",
"Subparagraph": "(SX 210.5-02(13))",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147480566/210-10-S99-1"
},
"r166": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "210",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "S99",
"Paragraph": "1",
"Subparagraph": "(SX 210.5-02(14))",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147480566/210-10-S99-1"
},
"r167": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "210",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "S99",
"Paragraph": "1",
"Subparagraph": "(SX 210.5-02(15))",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147480566/210-10-S99-1"
},
"r168": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "210",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "S99",
"Paragraph": "1",
"Subparagraph": "(SX 210.5-02(16))",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147480566/210-10-S99-1"
},
"r169": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "210",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "S99",
"Paragraph": "1",
"Subparagraph": "(SX 210.5-02(17))",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147480566/210-10-S99-1"
},
"r170": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "210",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "S99",
"Paragraph": "1",
"Subparagraph": "(SX 210.5-02(18))",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147480566/210-10-S99-1"
},
"r171": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "210",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "S99",
"Paragraph": "1",
"Subparagraph": "(SX 210.5-02(30)(a)(4))",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147480566/210-10-S99-1"
},
"r172": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "210",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "S99",
"Paragraph": "1",
"Subparagraph": "(SX 210.5-02(4))",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147480566/210-10-S99-1"
},
"r173": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "210",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "S99",
"Paragraph": "1",
"Subparagraph": "(SX 210.5-02(7))",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147480566/210-10-S99-1"
},
"r174": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "210",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "S99",
"Paragraph": "1",
"Subparagraph": "(SX 210.5-02(8))",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147480566/210-10-S99-1"
},
"r175": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "210",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "S99",
"Paragraph": "1",
"Subparagraph": "(SX 210.5-02(9))",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147480566/210-10-S99-1"
},
"r176": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "220",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "45",
"Paragraph": "10A",
"Subparagraph": "(e)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147482790/220-10-45-10A"
},
"r177": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "220",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "45",
"Paragraph": "10A",
"Subparagraph": "(f)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147482790/220-10-45-10A"
},
"r178": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "220",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "45",
"Paragraph": "10A",
"Subparagraph": "(h)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147482790/220-10-45-10A"
},
"r179": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "220",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "45",
"Paragraph": "14A",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147482790/220-10-45-14A"
},
"r180": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "220",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "45",
"Paragraph": "1A",
"Subparagraph": "(a)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147482790/220-10-45-1A"
},
"r181": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "220",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "45",
"Paragraph": "1A",
"Subparagraph": "(b)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147482790/220-10-45-1A"
},
"r182": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "220",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "45",
"Paragraph": "1A",
"Subparagraph": "(c)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147482790/220-10-45-1A"
},
"r183": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "220",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "45",
"Paragraph": "1B",
"Subparagraph": "(a)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147482790/220-10-45-1B"
},
"r184": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "220",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "45",
"Paragraph": "1B",
"Subparagraph": "(b)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147482790/220-10-45-1B"
},
"r185": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "220",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "4",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147482765/220-10-50-4"
},
"r186": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "220",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "5",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147482765/220-10-50-5"
},
"r187": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "220",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "6",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147482765/220-10-50-6"
},
"r188": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "220",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "S99",
"Paragraph": "2",
"Subparagraph": "(SX 210.5-03(1))",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147483621/220-10-S99-2"
},
"r189": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "220",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "S99",
"Paragraph": "2",
"Subparagraph": "(SX 210.5-03(21))",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147483621/220-10-S99-2"
},
"r190": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "220",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "S99",
"Paragraph": "2",
"Subparagraph": "(SX 210.5-03(24))",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147483621/220-10-S99-2"
},
"r191": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "220",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "S99",
"Paragraph": "2",
"Subparagraph": "(SX 210.5-03(25))",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147483621/220-10-S99-2"
},
"r192": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "220",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "S99",
"Paragraph": "2",
"Subparagraph": "(SX 210.5-03(5))",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147483621/220-10-S99-2"
},
"r193": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "230",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "45",
"Paragraph": "11",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147482740/230-10-45-11"
},
"r194": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "230",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "45",
"Paragraph": "15",
"Subparagraph": "(a)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147482740/230-10-45-15"
},
"r195": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "230",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "45",
"Paragraph": "24",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147482740/230-10-45-24"
},
"r196": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "230",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "8",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147482913/230-10-50-8"
},
"r197": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "235",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "S99",
"Paragraph": "1",
"Subparagraph": "(SX 210.4-08(c))",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147480678/235-10-S99-1"
},
"r198": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "235",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "S99",
"Paragraph": "1",
"Subparagraph": "(SX 210.4-08(g)(1)(ii))",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147480678/235-10-S99-1"
},
"r199": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "235",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "S99",
"Paragraph": "1",
"Subparagraph": "(SX 210.4-08(h)(2))",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147480678/235-10-S99-1"
},
"r200": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "235",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "S99",
"Paragraph": "3",
"Subparagraph": "(SX 210.12-04(a))",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147480678/235-10-S99-3"
},
"r201": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "250",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "45",
"Paragraph": "23",
"Subparagraph": "(b)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147483421/250-10-45-23"
},
"r202": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "250",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "45",
"Paragraph": "24",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147483421/250-10-45-24"
},
"r203": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "250",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "45",
"Paragraph": "5",
"Subparagraph": "(b)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147483421/250-10-45-5"
},
"r204": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "250",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "1",
"Subparagraph": "(b)(2)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147483443/250-10-50-1"
},
"r205": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "250",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "1",
"Subparagraph": "(b)(3)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147483443/250-10-50-1"
},
"r206": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "250",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "11",
"Subparagraph": "(a)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147483443/250-10-50-11"
},
"r207": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "250",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "11",
"Subparagraph": "(b)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147483443/250-10-50-11"
},
"r208": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "250",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "3",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147483443/250-10-50-3"
},
"r209": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "250",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "4",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147483443/250-10-50-4"
},
"r210": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "250",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "6",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147483443/250-10-50-6"
},
"r211": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "250",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "7",
"Subparagraph": "(a)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147483443/250-10-50-7"
},
"r212": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "250",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "7",
"Subparagraph": "(b)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147483443/250-10-50-7"
},
"r213": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "250",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "8",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147483443/250-10-50-8"
},
"r214": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "250",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "9",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147483443/250-10-50-9"
},
"r215": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "260",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "45",
"Paragraph": "10",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147482689/260-10-45-10"
},
"r216": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "260",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "45",
"Paragraph": "16",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147482689/260-10-45-16"
},
"r217": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "260",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "45",
"Paragraph": "2",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147482689/260-10-45-2"
},
"r218": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "260",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "45",
"Paragraph": "22",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147482689/260-10-45-22"
},
"r219": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "260",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "45",
"Paragraph": "23",
"Subparagraph": "(c)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147482689/260-10-45-23"
},
"r220": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "260",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "45",
"Paragraph": "28A",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147482689/260-10-45-28A"
},
"r221": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "260",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "45",
"Paragraph": "60B",
"Subparagraph": "(a)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147482689/260-10-45-60B"
},
"r222": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "260",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "45",
"Paragraph": "60B",
"Subparagraph": "(d)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147482689/260-10-45-60B"
},
"r223": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "260",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "45",
"Paragraph": "7",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147482689/260-10-45-7"
},
"r224": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "260",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "1",
"Subparagraph": "(a)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147482662/260-10-50-1"
},
"r225": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "260",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "1",
"Subparagraph": "(d)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147482662/260-10-50-1"
},
"r226": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "260",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "55",
"Paragraph": "15",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147482635/260-10-55-15"
},
"r227": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "270",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "1",
"Subparagraph": "(i)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147482964/270-10-50-1"
},
"r228": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "272",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "45",
"Paragraph": "1",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147483014/272-10-45-1"
},
"r229": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "280",
"Name": "Accounting Standards Codification",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/280/tableOfContent"
},
"r230": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "280",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "15",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147482810/280-10-50-15"
},
"r231": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "280",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "21",
"Subparagraph": "(a)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147482810/280-10-50-21"
},
"r232": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "280",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "21",
"Subparagraph": "(b)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147482810/280-10-50-21"
},
"r233": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "280",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "22",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147482810/280-10-50-22"
},
"r234": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "280",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "22",
"Subparagraph": "(a)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147482810/280-10-50-22"
},
"r235": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "280",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "22",
"Subparagraph": "(b)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147482810/280-10-50-22"
},
"r236": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "280",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "22",
"Subparagraph": "(c)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147482810/280-10-50-22"
},
"r237": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "280",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "22",
"Subparagraph": "(d)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147482810/280-10-50-22"
},
"r238": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "280",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "22",
"Subparagraph": "(e)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147482810/280-10-50-22"
},
"r239": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "280",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "22",
"Subparagraph": "(f)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147482810/280-10-50-22"
},
"r240": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "280",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "22",
"Subparagraph": "(g)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147482810/280-10-50-22"
},
"r241": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "280",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "22",
"Subparagraph": "(h)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147482810/280-10-50-22"
},
"r242": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "280",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "22",
"Subparagraph": "(j)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147482810/280-10-50-22"
},
"r243": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "280",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "25",
"Subparagraph": "(a)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147482810/280-10-50-25"
},
"r244": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "280",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "25",
"Subparagraph": "(b)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147482810/280-10-50-25"
},
"r245": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "280",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "26",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147482810/280-10-50-26"
},
"r246": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "280",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "26A",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147482810/280-10-50-26A"
},
"r247": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "280",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "26B",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147482810/280-10-50-26B"
},
"r248": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "280",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "26C",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147482810/280-10-50-26C"
},
"r249": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "280",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "30",
"Subparagraph": "(a)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147482810/280-10-50-30"
},
"r250": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "280",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "30",
"Subparagraph": "(b)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147482810/280-10-50-30"
},
"r251": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "280",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "30",
"Subparagraph": "(c)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147482810/280-10-50-30"
},
"r252": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "280",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "30",
"Subparagraph": "(d)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147482810/280-10-50-30"
},
"r253": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "280",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "31",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147482810/280-10-50-31"
},
"r254": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "280",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "32",
"Subparagraph": "(e)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147482810/280-10-50-32"
},
"r255": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "280",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "32",
"Subparagraph": "(ee)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147482810/280-10-50-32"
},
"r256": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "280",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "32",
"Subparagraph": "(f)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147482810/280-10-50-32"
},
"r257": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "280",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "34",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147482810/280-10-50-34"
},
"r258": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "280",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "40",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147482810/280-10-50-40"
},
"r259": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "280",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "41",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147482810/280-10-50-41"
},
"r260": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "280",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "41",
"Subparagraph": "(a)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147482810/280-10-50-41"
},
"r261": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "280",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "41",
"Subparagraph": "(b)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147482810/280-10-50-41"
},
"r262": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "280",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "42",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147482810/280-10-50-42"
},
"r263": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "310",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "45",
"Paragraph": "13",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147481990/310-10-45-13"
},
"r264": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "310",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "4",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147481962/310-10-50-4"
},
"r265": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "320",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "45",
"Paragraph": "11",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147481830/320-10-45-11"
},
"r266": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "320",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "2",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147481800/320-10-50-2"
},
"r267": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "320",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "2",
"Subparagraph": "(a)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147481800/320-10-50-2"
},
"r268": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "320",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "2",
"Subparagraph": "(aa)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147481800/320-10-50-2"
},
"r269": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "320",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "2",
"Subparagraph": "(aaa)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147481800/320-10-50-2"
},
"r270": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "320",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "2",
"Subparagraph": "(b)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147481800/320-10-50-2"
},
"r271": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "320",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "2",
"Subparagraph": "(c)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147481800/320-10-50-2"
},
"r272": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "320",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "2",
"Subparagraph": "(d)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147481800/320-10-50-2"
},
"r273": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "320",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "3",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147481800/320-10-50-3"
},
"r274": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "320",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "3",
"Subparagraph": "(a)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147481800/320-10-50-3"
},
"r275": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "320",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "3",
"Subparagraph": "(b)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147481800/320-10-50-3"
},
"r276": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "320",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "3",
"Subparagraph": "(c)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147481800/320-10-50-3"
},
"r277": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "320",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "3",
"Subparagraph": "(d)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147481800/320-10-50-3"
},
"r278": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "320",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "5",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147481800/320-10-50-5"
},
"r279": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "320",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "5",
"Subparagraph": "(a)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147481800/320-10-50-5"
},
"r280": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "320",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "5",
"Subparagraph": "(aaa)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147481800/320-10-50-5"
},
"r281": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "320",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "5",
"Subparagraph": "(d)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147481800/320-10-50-5"
},
"r282": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "320",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "5",
"Subparagraph": "(e)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147481800/320-10-50-5"
},
"r283": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "320",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "5",
"Subparagraph": "(f)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147481800/320-10-50-5"
},
"r284": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "320",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "5",
"Subparagraph": "(f)(1)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147481800/320-10-50-5"
},
"r285": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "320",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "5",
"Subparagraph": "(f)(2)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147481800/320-10-50-5"
},
"r286": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "320",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "5",
"Subparagraph": "(f)(3)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147481800/320-10-50-5"
},
"r287": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "320",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "5",
"Subparagraph": "(f)(4)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147481800/320-10-50-5"
},
"r288": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "320",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "5A",
"Subparagraph": "(a)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147481800/320-10-50-5A"
},
"r289": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "320",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "5A",
"Subparagraph": "(b)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147481800/320-10-50-5A"
},
"r290": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "320",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "5A",
"Subparagraph": "(c)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147481800/320-10-50-5A"
},
"r291": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "320",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "5B",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147481800/320-10-50-5B"
},
"r292": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "320",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "5B",
"Subparagraph": "(a)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147481800/320-10-50-5B"
},
"r293": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "320",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "5B",
"Subparagraph": "(b)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147481800/320-10-50-5B"
},
"r294": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "320",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "5B",
"Subparagraph": "(c)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147481800/320-10-50-5B"
},
"r295": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "320",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "5B",
"Subparagraph": "(d)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147481800/320-10-50-5B"
},
"r296": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "320",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "9",
"Subparagraph": "(a)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147481800/320-10-50-9"
},
"r297": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "321",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "3",
"Subparagraph": "(a)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147479536/321-10-50-3"
},
"r298": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "321",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "3",
"Subparagraph": "(b)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147479536/321-10-50-3"
},
"r299": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "323",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "3",
"Subparagraph": "(c)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147481687/323-10-50-3"
},
"r300": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "326",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "65",
"Paragraph": "4",
"Subparagraph": "(d)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147479654/326-10-65-4"
},
"r301": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "326",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "65",
"Paragraph": "5",
"Subparagraph": "(c)(2)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147479654/326-10-65-5"
},
"r302": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "326",
"SubTopic": "20",
"Name": "Accounting Standards Codification",
"Section": "45",
"Paragraph": "1",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147479344/326-20-45-1"
},
"r303": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "326",
"SubTopic": "20",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "11",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147479319/326-20-50-11"
},
"r304": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "326",
"SubTopic": "20",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "13",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147479319/326-20-50-13"
},
"r305": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "326",
"SubTopic": "20",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "13",
"Subparagraph": "(a)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147479319/326-20-50-13"
},
"r306": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "326",
"SubTopic": "20",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "13",
"Subparagraph": "(b)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147479319/326-20-50-13"
},
"r307": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "326",
"SubTopic": "20",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "13",
"Subparagraph": "(d)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147479319/326-20-50-13"
},
"r308": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "326",
"SubTopic": "20",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "13",
"Subparagraph": "(f)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147479319/326-20-50-13"
},
"r309": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "326",
"SubTopic": "20",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "14",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147479319/326-20-50-14"
},
"r310": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "326",
"SubTopic": "20",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "16",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147479319/326-20-50-16"
},
"r311": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "326",
"SubTopic": "20",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "5",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147479319/326-20-50-5"
},
"r312": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "326",
"SubTopic": "30",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "4",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147479106/326-30-50-4"
},
"r313": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "326",
"SubTopic": "30",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "4",
"Subparagraph": "(b)(3)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147479106/326-30-50-4"
},
"r314": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "326",
"SubTopic": "30",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "7",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147479106/326-30-50-7"
},
"r315": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "326",
"SubTopic": "30",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "9",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147479106/326-30-50-9"
},
"r316": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "350",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "S45",
"Paragraph": "1",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147480265/350-10-S45-1"
},
"r317": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "350",
"SubTopic": "20",
"Name": "Accounting Standards Codification",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/350-20/tableOfContent"
},
"r318": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "350",
"SubTopic": "20",
"Name": "Accounting Standards Codification",
"Section": "45",
"Paragraph": "1",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147482598/350-20-45-1"
},
"r319": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "350",
"SubTopic": "20",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "1",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147482573/350-20-50-1"
},
"r320": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "350",
"SubTopic": "20",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "1",
"Subparagraph": "(a)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147482573/350-20-50-1"
},
"r321": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "350",
"SubTopic": "20",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "1",
"Subparagraph": "(b)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147482573/350-20-50-1"
},
"r322": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "350",
"SubTopic": "20",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "1",
"Subparagraph": "(c)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147482573/350-20-50-1"
},
"r323": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "350",
"SubTopic": "20",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "1",
"Subparagraph": "(d)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147482573/350-20-50-1"
},
"r324": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "350",
"SubTopic": "20",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "1",
"Subparagraph": "(e)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147482573/350-20-50-1"
},
"r325": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "350",
"SubTopic": "20",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "1",
"Subparagraph": "(f)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147482573/350-20-50-1"
},
"r326": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "350",
"SubTopic": "20",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "1",
"Subparagraph": "(g)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147482573/350-20-50-1"
},
"r327": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "350",
"SubTopic": "20",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "1",
"Subparagraph": "(h)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147482573/350-20-50-1"
},
"r328": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "350",
"SubTopic": "20",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "1A",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147482573/350-20-50-1A"
},
"r329": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "350",
"SubTopic": "20",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "2",
"Subparagraph": "(b)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147482573/350-20-50-2"
},
"r330": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "350",
"SubTopic": "30",
"Name": "Accounting Standards Codification",
"Section": "45",
"Paragraph": "1",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147482686/350-30-45-1"
},
"r331": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "350",
"SubTopic": "30",
"Name": "Accounting Standards Codification",
"Section": "45",
"Paragraph": "2",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147482686/350-30-45-2"
},
"r332": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "350",
"SubTopic": "30",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "1",
"Subparagraph": "(a)(1)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147482665/350-30-50-1"
},
"r333": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "350",
"SubTopic": "30",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "1",
"Subparagraph": "(a)(2)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147482665/350-30-50-1"
},
"r334": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "350",
"SubTopic": "30",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "1",
"Subparagraph": "(a)(3)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147482665/350-30-50-1"
},
"r335": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "350",
"SubTopic": "30",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "1",
"Subparagraph": "(d)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147482665/350-30-50-1"
},
"r336": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "350",
"SubTopic": "30",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "2",
"Subparagraph": "(a)(1)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147482665/350-30-50-2"
},
"r337": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "350",
"SubTopic": "30",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "2",
"Subparagraph": "(a)(2)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147482665/350-30-50-2"
},
"r338": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "350",
"SubTopic": "30",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "2",
"Subparagraph": "(a)(3)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147482665/350-30-50-2"
},
"r339": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "350",
"SubTopic": "30",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "2",
"Subparagraph": "(d)(1)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147482665/350-30-50-2"
},
"r340": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "350",
"SubTopic": "30",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "2",
"Subparagraph": "(d)(2)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147482665/350-30-50-2"
},
"r341": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "350",
"SubTopic": "30",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "3",
"Subparagraph": "(d)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147482665/350-30-50-3"
},
"r342": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "350",
"SubTopic": "60",
"Name": "Accounting Standards Codification",
"Section": "65",
"Paragraph": "1",
"Subparagraph": "(b)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147476166/350-60-65-1"
},
"r343": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "360",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "3",
"Subparagraph": "(f)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147482099/360-10-50-3"
},
"r344": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "405",
"SubTopic": "40",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "1",
"Subparagraph": "(a)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147477092/405-40-50-1"
},
"r345": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "405",
"SubTopic": "40",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "1",
"Subparagraph": "(a)(1)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147477092/405-40-50-1"
},
"r346": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "405",
"SubTopic": "40",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "1",
"Subparagraph": "(a)(2)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147477092/405-40-50-1"
},
"r347": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "405",
"SubTopic": "40",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "1",
"Subparagraph": "(a)(3)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147477092/405-40-50-1"
},
"r348": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "405",
"SubTopic": "40",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "1",
"Subparagraph": "(d)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147477092/405-40-50-1"
},
"r349": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "405",
"SubTopic": "40",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "1",
"Subparagraph": "(e)(2)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147477092/405-40-50-1"
},
"r350": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "420",
"Name": "Accounting Standards Codification",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/420/tableOfContent"
},
"r351": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "420",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "1",
"Subparagraph": "(a)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147482017/420-10-50-1"
},
"r352": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "420",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "1",
"Subparagraph": "(b)(1)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147482017/420-10-50-1"
},
"r353": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "420",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "1",
"Subparagraph": "(b)(2)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147482017/420-10-50-1"
},
"r354": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "420",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "1",
"Subparagraph": "(c)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147482017/420-10-50-1"
},
"r355": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "420",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "1",
"Subparagraph": "(d)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147482017/420-10-50-1"
},
"r356": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "420",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "1",
"Subparagraph": "(e)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147482017/420-10-50-1"
},
"r357": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "420",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "S99",
"Paragraph": "1",
"Subparagraph": "(SAB Topic 5.P.3)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147479823/420-10-S99-1"
},
"r358": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "420",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "S99",
"Paragraph": "2",
"Subparagraph": "(SAB Topic 5.P.4.b.1)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147479823/420-10-S99-2"
},
"r359": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "420",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "S99",
"Paragraph": "2",
"Subparagraph": "(SAB Topic 5.P.4.b.2)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147479823/420-10-S99-2"
},
"r360": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "420",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "S99",
"Paragraph": "2",
"Subparagraph": "(SAB Topic 5.P.4.d)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147479823/420-10-S99-2"
},
"r361": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "420",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "S99",
"Paragraph": "2",
"Subparagraph": "(SAB Topic 5.P.4.e)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147479823/420-10-S99-2"
},
"r362": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "440",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "4",
"Subparagraph": "(a)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147482648/440-10-50-4"
},
"r363": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "440",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "4",
"Subparagraph": "(c)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147482648/440-10-50-4"
},
"r364": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "450",
"SubTopic": "20",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "4",
"Subparagraph": "(b)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147483076/450-20-50-4"
},
"r365": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "450",
"SubTopic": "20",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "9",
"Subparagraph": "(b)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147483076/450-20-50-9"
},
"r366": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "450",
"SubTopic": "20",
"Name": "Accounting Standards Codification",
"Section": "S99",
"Paragraph": "1",
"Subparagraph": "(SAB Topic 5.Y.Q2)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147480102/450-20-S99-1"
},
"r367": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "450",
"SubTopic": "20",
"Name": "Accounting Standards Codification",
"Section": "S99",
"Paragraph": "1",
"Subparagraph": "(SAB Topic 5.Y.Q4)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147480102/450-20-S99-1"
},
"r368": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "460",
"Name": "Accounting Standards Codification",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/460/tableOfContent"
},
"r369": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "460",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "4",
"Subparagraph": "(a)(2)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147482425/460-10-50-4"
},
"r370": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "460",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "4",
"Subparagraph": "(a)(3)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147482425/460-10-50-4"
},
"r371": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "460",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "4",
"Subparagraph": "(a)(4)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147482425/460-10-50-4"
},
"r372": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "460",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "4",
"Subparagraph": "(a)(5)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147482425/460-10-50-4"
},
"r373": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "460",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "4",
"Subparagraph": "(b)(1)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147482425/460-10-50-4"
},
"r374": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "460",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "4",
"Subparagraph": "(b)(3)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147482425/460-10-50-4"
},
"r375": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "460",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "4",
"Subparagraph": "(d)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147482425/460-10-50-4"
},
"r376": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "460",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "4",
"Subparagraph": "(e)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147482425/460-10-50-4"
},
"r377": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "470",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "6",
"Subparagraph": "(a)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147481544/470-10-50-6"
},
"r378": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "470",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "6",
"Subparagraph": "(b)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147481544/470-10-50-6"
},
"r379": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "470",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "S99",
"Paragraph": "1A",
"Subparagraph": "(SX 210.13-01(a)(4)(i))",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147480097/470-10-S99-1A"
},
"r380": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "470",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "S99",
"Paragraph": "1A",
"Subparagraph": "(SX 210.13-01(a)(4)(iii)(A))",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147480097/470-10-S99-1A"
},
"r381": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "470",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "S99",
"Paragraph": "1A",
"Subparagraph": "(SX 210.13-01(a)(4)(iii)(B))",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147480097/470-10-S99-1A"
},
"r382": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "470",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "S99",
"Paragraph": "1A",
"Subparagraph": "(SX 210.13-01(a)(4)(iv))",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147480097/470-10-S99-1A"
},
"r383": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "470",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "S99",
"Paragraph": "1A",
"Subparagraph": "(SX 210.13-01(a)(5))",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147480097/470-10-S99-1A"
},
"r384": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "470",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "S99",
"Paragraph": "1B",
"Subparagraph": "(SX 210.13-02(a)(4)(i))",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147480097/470-10-S99-1B"
},
"r385": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "470",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "S99",
"Paragraph": "1B",
"Subparagraph": "(SX 210.13-02(a)(4)(iii)(A))",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147480097/470-10-S99-1B"
},
"r386": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "470",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "S99",
"Paragraph": "1B",
"Subparagraph": "(SX 210.13-02(a)(4)(iii)(B))",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147480097/470-10-S99-1B"
},
"r387": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "470",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "S99",
"Paragraph": "1B",
"Subparagraph": "(SX 210.13-02(a)(4)(iii)(C))",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147480097/470-10-S99-1B"
},
"r388": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "470",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "S99",
"Paragraph": "1B",
"Subparagraph": "(SX 210.13-02(a)(4)(iv))",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147480097/470-10-S99-1B"
},
"r389": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "470",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "S99",
"Paragraph": "1B",
"Subparagraph": "(SX 210.13-02(a)(5))",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147480097/470-10-S99-1B"
},
"r390": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "470",
"SubTopic": "20",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "1B",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147481139/470-20-50-1B"
},
"r391": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "470",
"SubTopic": "20",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "1B",
"Subparagraph": "(a)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147481139/470-20-50-1B"
},
"r392": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "470",
"SubTopic": "20",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "1B",
"Subparagraph": "(b)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147481139/470-20-50-1B"
},
"r393": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "470",
"SubTopic": "20",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "1B",
"Subparagraph": "(c)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147481139/470-20-50-1B"
},
"r394": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "470",
"SubTopic": "20",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "1B",
"Subparagraph": "(e)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147481139/470-20-50-1B"
},
"r395": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "470",
"SubTopic": "20",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "1B",
"Subparagraph": "(f)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147481139/470-20-50-1B"
},
"r396": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "470",
"SubTopic": "20",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "1B",
"Subparagraph": "(g)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147481139/470-20-50-1B"
},
"r397": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "470",
"SubTopic": "20",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "1B",
"Subparagraph": "(h)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147481139/470-20-50-1B"
},
"r398": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "470",
"SubTopic": "20",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "1B",
"Subparagraph": "(i)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147481139/470-20-50-1B"
},
"r399": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "470",
"SubTopic": "20",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "1C",
"Subparagraph": "(a)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147481139/470-20-50-1C"
},
"r400": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "470",
"SubTopic": "20",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "1C",
"Subparagraph": "(b)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147481139/470-20-50-1C"
},
"r401": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "470",
"SubTopic": "20",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "1C",
"Subparagraph": "(c)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147481139/470-20-50-1C"
},
"r402": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "470",
"SubTopic": "20",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "1D",
"Subparagraph": "(a)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147481139/470-20-50-1D"
},
"r403": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "470",
"SubTopic": "20",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "1D",
"Subparagraph": "(b)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147481139/470-20-50-1D"
},
"r404": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "470",
"SubTopic": "20",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "1D",
"Subparagraph": "(c)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147481139/470-20-50-1D"
},
"r405": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "470",
"SubTopic": "20",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "1E",
"Subparagraph": "(a)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147481139/470-20-50-1E"
},
"r406": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "470",
"SubTopic": "20",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "1E",
"Subparagraph": "(b)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147481139/470-20-50-1E"
},
"r407": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "470",
"SubTopic": "20",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "1E",
"Subparagraph": "(c)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147481139/470-20-50-1E"
},
"r408": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "470",
"SubTopic": "20",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "1E",
"Subparagraph": "(d)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147481139/470-20-50-1E"
},
"r409": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "470",
"SubTopic": "20",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "1F",
"Subparagraph": "(a)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147481139/470-20-50-1F"
},
"r410": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "470",
"SubTopic": "20",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "1F",
"Subparagraph": "(b)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147481139/470-20-50-1F"
},
"r411": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "470",
"SubTopic": "20",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "1F",
"Subparagraph": "(b)(1)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147481139/470-20-50-1F"
},
"r412": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "470",
"SubTopic": "20",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "1F",
"Subparagraph": "(b)(2)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147481139/470-20-50-1F"
},
"r413": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "470",
"SubTopic": "20",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "1I",
"Subparagraph": "(a)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147481139/470-20-50-1I"
},
"r414": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "470",
"SubTopic": "20",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "1I",
"Subparagraph": "(b)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147481139/470-20-50-1I"
},
"r415": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "470",
"SubTopic": "20",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "1I",
"Subparagraph": "(c)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147481139/470-20-50-1I"
},
"r416": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "470",
"SubTopic": "20",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "1I",
"Subparagraph": "(d)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147481139/470-20-50-1I"
},
"r417": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "505",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "13",
"Subparagraph": "(a)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147481112/505-10-50-13"
},
"r418": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "505",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "18",
"Subparagraph": "(c)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147481112/505-10-50-18"
},
"r419": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "505",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "S99",
"Paragraph": "1",
"Subparagraph": "(SX 210.3-04)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147480008/505-10-S99-1"
},
"r420": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "606",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "45",
"Paragraph": "1",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147479837/606-10-45-1"
},
"r421": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "606",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "45",
"Paragraph": "2",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147479837/606-10-45-2"
},
"r422": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "606",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "45",
"Paragraph": "3",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147479837/606-10-45-3"
},
"r423": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "606",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "10",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147479806/606-10-50-10"
},
"r424": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "606",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "12",
"Subparagraph": "(a)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147479806/606-10-50-12"
},
"r425": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "606",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "12",
"Subparagraph": "(b)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147479806/606-10-50-12"
},
"r426": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "606",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "12",
"Subparagraph": "(c)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147479806/606-10-50-12"
},
"r427": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "606",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "12",
"Subparagraph": "(d)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147479806/606-10-50-12"
},
"r428": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "606",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "12",
"Subparagraph": "(e)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147479806/606-10-50-12"
},
"r429": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "606",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "12A",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147479806/606-10-50-12A"
},
"r430": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "606",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "13",
"Subparagraph": "(b)(2)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147479806/606-10-50-13"
},
"r431": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "606",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "15",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147479806/606-10-50-15"
},
"r432": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "606",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "17",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147479806/606-10-50-17"
},
"r433": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "606",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "18",
"Subparagraph": "(a)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147479806/606-10-50-18"
},
"r434": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "606",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "18",
"Subparagraph": "(b)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147479806/606-10-50-18"
},
"r435": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "606",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "19",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147479806/606-10-50-19"
},
"r436": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "606",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "20",
"Subparagraph": "(a)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147479806/606-10-50-20"
},
"r437": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "606",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "20",
"Subparagraph": "(b)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147479806/606-10-50-20"
},
"r438": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "606",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "20",
"Subparagraph": "(c)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147479806/606-10-50-20"
},
"r439": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "606",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "20",
"Subparagraph": "(d)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147479806/606-10-50-20"
},
"r440": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "606",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "4",
"Subparagraph": "(a)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147479806/606-10-50-4"
},
"r441": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "606",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "5",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147479806/606-10-50-5"
},
"r442": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "606",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "8",
"Subparagraph": "(a)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147479806/606-10-50-8"
},
"r443": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "606",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "8",
"Subparagraph": "(b)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147479806/606-10-50-8"
},
"r444": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "606",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "9",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147479806/606-10-50-9"
},
"r445": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "715",
"SubTopic": "20",
"Name": "Accounting Standards Codification",
"Section": "45",
"Paragraph": "2",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147480535/715-20-45-2"
},
"r446": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "715",
"SubTopic": "20",
"Name": "Accounting Standards Codification",
"Section": "45",
"Paragraph": "3",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147480535/715-20-45-3"
},
"r447": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "715",
"SubTopic": "20",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "1",
"Subparagraph": "(a)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147480506/715-20-50-1"
},
"r448": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "715",
"SubTopic": "20",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "1",
"Subparagraph": "(a)(1)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147480506/715-20-50-1"
},
"r449": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "715",
"SubTopic": "20",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "1",
"Subparagraph": "(a)(10)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147480506/715-20-50-1"
},
"r450": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "715",
"SubTopic": "20",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "1",
"Subparagraph": "(a)(2)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147480506/715-20-50-1"
},
"r451": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "715",
"SubTopic": "20",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "1",
"Subparagraph": "(a)(3)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147480506/715-20-50-1"
},
"r452": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "715",
"SubTopic": "20",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "1",
"Subparagraph": "(a)(4)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147480506/715-20-50-1"
},
"r453": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "715",
"SubTopic": "20",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "1",
"Subparagraph": "(a)(5)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147480506/715-20-50-1"
},
"r454": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "715",
"SubTopic": "20",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "1",
"Subparagraph": "(a)(6)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147480506/715-20-50-1"
},
"r455": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "715",
"SubTopic": "20",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "1",
"Subparagraph": "(a)(7)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147480506/715-20-50-1"
},
"r456": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "715",
"SubTopic": "20",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "1",
"Subparagraph": "(a)(8)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147480506/715-20-50-1"
},
"r457": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "715",
"SubTopic": "20",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "1",
"Subparagraph": "(a)(9)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147480506/715-20-50-1"
},
"r458": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "715",
"SubTopic": "20",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "1",
"Subparagraph": "(b)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147480506/715-20-50-1"
},
"r459": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "715",
"SubTopic": "20",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "1",
"Subparagraph": "(b)(1)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147480506/715-20-50-1"
},
"r460": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "715",
"SubTopic": "20",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "1",
"Subparagraph": "(b)(2)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147480506/715-20-50-1"
},
"r461": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "715",
"SubTopic": "20",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "1",
"Subparagraph": "(b)(3)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147480506/715-20-50-1"
},
"r462": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "715",
"SubTopic": "20",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "1",
"Subparagraph": "(b)(4)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147480506/715-20-50-1"
},
"r463": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "715",
"SubTopic": "20",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "1",
"Subparagraph": "(b)(5)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147480506/715-20-50-1"
},
"r464": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "715",
"SubTopic": "20",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "1",
"Subparagraph": "(b)(6)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147480506/715-20-50-1"
},
"r465": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "715",
"SubTopic": "20",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "1",
"Subparagraph": "(b)(7)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147480506/715-20-50-1"
},
"r466": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "715",
"SubTopic": "20",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "1",
"Subparagraph": "(b)(8)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147480506/715-20-50-1"
},
"r467": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "715",
"SubTopic": "20",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "1",
"Subparagraph": "(c)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147480506/715-20-50-1"
},
"r468": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "715",
"SubTopic": "20",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "1",
"Subparagraph": "(d)(i)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147480506/715-20-50-1"
},
"r469": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "715",
"SubTopic": "20",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "1",
"Subparagraph": "(d)(ii)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147480506/715-20-50-1"
},
"r470": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "715",
"SubTopic": "20",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "1",
"Subparagraph": "(d)(iv)(01)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147480506/715-20-50-1"
},
"r471": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "715",
"SubTopic": "20",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "1",
"Subparagraph": "(d)(iv)(02)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147480506/715-20-50-1"
},
"r472": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "715",
"SubTopic": "20",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "1",
"Subparagraph": "(d)(iv)(02)(A)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147480506/715-20-50-1"
},
"r473": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "715",
"SubTopic": "20",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "1",
"Subparagraph": "(d)(iv)(02)(B)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147480506/715-20-50-1"
},
"r474": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "715",
"SubTopic": "20",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "1",
"Subparagraph": "(d)(iv)(02)(C)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147480506/715-20-50-1"
},
"r475": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "715",
"SubTopic": "20",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "1",
"Subparagraph": "(d)(iv)(03)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147480506/715-20-50-1"
},
"r476": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "715",
"SubTopic": "20",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "1",
"Subparagraph": "(e)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147480506/715-20-50-1"
},
"r477": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "715",
"SubTopic": "20",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "1",
"Subparagraph": "(f)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147480506/715-20-50-1"
},
"r478": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "715",
"SubTopic": "20",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "1",
"Subparagraph": "(g)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147480506/715-20-50-1"
},
"r479": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "715",
"SubTopic": "20",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "1",
"Subparagraph": "(h)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147480506/715-20-50-1"
},
"r480": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "715",
"SubTopic": "20",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "1",
"Subparagraph": "(h)(1)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147480506/715-20-50-1"
},
"r481": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "715",
"SubTopic": "20",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "1",
"Subparagraph": "(h)(2)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147480506/715-20-50-1"
},
"r482": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "715",
"SubTopic": "20",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "1",
"Subparagraph": "(h)(3)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147480506/715-20-50-1"
},
"r483": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "715",
"SubTopic": "20",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "1",
"Subparagraph": "(h)(4)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147480506/715-20-50-1"
},
"r484": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "715",
"SubTopic": "20",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "1",
"Subparagraph": "(h)(5)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147480506/715-20-50-1"
},
"r485": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "715",
"SubTopic": "20",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "1",
"Subparagraph": "(h)(6)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147480506/715-20-50-1"
},
"r486": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "715",
"SubTopic": "20",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "1",
"Subparagraph": "(h)(7)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147480506/715-20-50-1"
},
"r487": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "715",
"SubTopic": "20",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "1",
"Subparagraph": "(i)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147480506/715-20-50-1"
},
"r488": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "715",
"SubTopic": "20",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "1",
"Subparagraph": "(j)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147480506/715-20-50-1"
},
"r489": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "715",
"SubTopic": "20",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "1",
"Subparagraph": "(k)(1)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147480506/715-20-50-1"
},
"r490": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "715",
"SubTopic": "20",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "1",
"Subparagraph": "(k)(3)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147480506/715-20-50-1"
},
"r491": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "715",
"SubTopic": "20",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "1",
"Subparagraph": "(k)(4)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147480506/715-20-50-1"
},
"r492": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "715",
"SubTopic": "20",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "1",
"Subparagraph": "(n)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147480506/715-20-50-1"
},
"r493": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "715",
"SubTopic": "20",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "1",
"Subparagraph": "(q)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147480506/715-20-50-1"
},
"r494": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "715",
"SubTopic": "20",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "2",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147480506/715-20-50-2"
},
"r495": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "715",
"SubTopic": "20",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "6",
"Subparagraph": "(a)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147480506/715-20-50-6"
},
"r496": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "715",
"SubTopic": "20",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "6",
"Subparagraph": "(a)(1)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147480506/715-20-50-6"
},
"r497": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "715",
"SubTopic": "20",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "6",
"Subparagraph": "(a)(2)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147480506/715-20-50-6"
},
"r498": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "715",
"SubTopic": "20",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "6",
"Subparagraph": "(a)(3)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147480506/715-20-50-6"
},
"r499": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "715",
"SubTopic": "20",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "6",
"Subparagraph": "(a)(4)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147480506/715-20-50-6"
},
"r500": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "715",
"SubTopic": "20",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "6",
"Subparagraph": "(a)(5)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147480506/715-20-50-6"
},
"r501": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "715",
"SubTopic": "20",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "6",
"Subparagraph": "(a)(6)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147480506/715-20-50-6"
},
"r502": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "715",
"SubTopic": "20",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "6",
"Subparagraph": "(a)(7)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147480506/715-20-50-6"
},
"r503": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "715",
"SubTopic": "20",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "6",
"Subparagraph": "(b)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147480506/715-20-50-6"
},
"r504": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "715",
"SubTopic": "20",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "8",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147480506/715-20-50-8"
},
"r505": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "715",
"SubTopic": "70",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "1",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147480794/715-70-50-1"
},
"r506": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "715",
"SubTopic": "80",
"Name": "Accounting Standards Codification",
"Section": "35",
"Paragraph": "1",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147480606/715-80-35-1"
},
"r507": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "715",
"SubTopic": "80",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "5",
"Subparagraph": "(d)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147480576/715-80-50-5"
},
"r508": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "715",
"SubTopic": "80",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "9",
"Subparagraph": "(b)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147480576/715-80-50-9"
},
"r509": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "718",
"Name": "Accounting Standards Codification",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/718/tableOfContent"
},
"r510": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "718",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "35",
"Paragraph": "1D",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147480483/718-10-35-1D"
},
"r511": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "718",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "35",
"Paragraph": "2",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147480483/718-10-35-2"
},
"r512": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "718",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "35",
"Paragraph": "3",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147480483/718-10-35-3"
},
"r513": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "718",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "45",
"Paragraph": "1",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147480454/718-10-45-1"
},
"r514": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "718",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "2",
"Subparagraph": "(a)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147480429/718-10-50-2"
},
"r515": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "718",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "2",
"Subparagraph": "(a)(1)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147480429/718-10-50-2"
},
"r516": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "718",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "2",
"Subparagraph": "(a)(2)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147480429/718-10-50-2"
},
"r517": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "718",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "2",
"Subparagraph": "(a)(3)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147480429/718-10-50-2"
},
"r518": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "718",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "2",
"Subparagraph": "(c)(1)(i)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147480429/718-10-50-2"
},
"r519": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "718",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "2",
"Subparagraph": "(c)(1)(ii)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147480429/718-10-50-2"
},
"r520": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "718",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "2",
"Subparagraph": "(c)(1)(iii)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147480429/718-10-50-2"
},
"r521": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "718",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "2",
"Subparagraph": "(c)(1)(iv)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147480429/718-10-50-2"
},
"r522": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "718",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "2",
"Subparagraph": "(c)(1)(iv)(01)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147480429/718-10-50-2"
},
"r523": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "718",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "2",
"Subparagraph": "(c)(1)(iv)(02)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147480429/718-10-50-2"
},
"r524": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "718",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "2",
"Subparagraph": "(c)(1)(iv)(03)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147480429/718-10-50-2"
},
"r525": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "718",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "2",
"Subparagraph": "(c)(1)(iv)(04)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147480429/718-10-50-2"
},
"r526": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "718",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "2",
"Subparagraph": "(c)(2)(i)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147480429/718-10-50-2"
},
"r527": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "718",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "2",
"Subparagraph": "(c)(2)(ii)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147480429/718-10-50-2"
},
"r528": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "718",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "2",
"Subparagraph": "(c)(2)(iii)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147480429/718-10-50-2"
},
"r529": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "718",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "2",
"Subparagraph": "(c)(2)(iii)(01)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147480429/718-10-50-2"
},
"r530": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "718",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "2",
"Subparagraph": "(c)(2)(iii)(02)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147480429/718-10-50-2"
},
"r531": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "718",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "2",
"Subparagraph": "(c)(2)(iii)(03)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147480429/718-10-50-2"
},
"r532": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "718",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "2",
"Subparagraph": "(d)(1)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147480429/718-10-50-2"
},
"r533": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "718",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "2",
"Subparagraph": "(d)(2)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147480429/718-10-50-2"
},
"r534": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "718",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "2",
"Subparagraph": "(e)(1)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147480429/718-10-50-2"
},
"r535": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "718",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "2",
"Subparagraph": "(e)(2)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147480429/718-10-50-2"
},
"r536": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "718",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "2",
"Subparagraph": "(f)(2)(i)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147480429/718-10-50-2"
},
"r537": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "718",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "2",
"Subparagraph": "(f)(2)(ii)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147480429/718-10-50-2"
},
"r538": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "718",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "2",
"Subparagraph": "(f)(2)(iii)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147480429/718-10-50-2"
},
"r539": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "718",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "2",
"Subparagraph": "(f)(2)(iv)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147480429/718-10-50-2"
},
"r540": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "718",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "2",
"Subparagraph": "(f)(2)(v)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147480429/718-10-50-2"
},
"r541": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "718",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "2",
"Subparagraph": "(h)(1)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147480429/718-10-50-2"
},
"r542": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "718",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "2",
"Subparagraph": "(h)(1)(i)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147480429/718-10-50-2"
},
"r543": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "718",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "2",
"Subparagraph": "(h)(2)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147480429/718-10-50-2"
},
"r544": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "718",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "2",
"Subparagraph": "(h)(2)(i)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147480429/718-10-50-2"
},
"r545": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "718",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "2",
"Subparagraph": "(i)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147480429/718-10-50-2"
},
"r546": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "718",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "2",
"Subparagraph": "(l)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147480429/718-10-50-2"
},
"r547": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "718",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "S99",
"Paragraph": "1",
"Subparagraph": "(SAB Topic 14.F)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147479830/718-10-S99-1"
},
"r548": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "720",
"SubTopic": "20",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "1",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147483359/720-20-50-1"
},
"r549": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "730",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "05",
"Paragraph": "1",
"Subparagraph": "(c)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147483044/730-10-05-1"
},
"r550": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "730",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "1",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147482916/730-10-50-1"
},
"r551": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "740",
"Name": "Accounting Standards Codification",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/740/tableOfContent"
},
"r552": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "740",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "45",
"Paragraph": "4",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147482525/740-10-45-4"
},
"r553": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "740",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "45",
"Paragraph": "6",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147482525/740-10-45-6"
},
"r554": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "740",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "10",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147482685/740-10-50-10"
},
"r555": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "740",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "12",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147482685/740-10-50-12"
},
"r556": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "740",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "12B",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147482685/740-10-50-12B"
},
"r557": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "740",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "12C",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147482685/740-10-50-12C"
},
"r558": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "740",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "14",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147482685/740-10-50-14"
},
"r559": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "740",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "17",
"Subparagraph": "(b)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147482685/740-10-50-17"
},
"r560": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "740",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "21",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147482685/740-10-50-21"
},
"r561": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "740",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "65",
"Paragraph": "8",
"Subparagraph": "(d)(2)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147482615/740-10-65-8"
},
"r562": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "740",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "65",
"Paragraph": "8",
"Subparagraph": "(d)(3)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147482615/740-10-65-8"
},
"r563": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "740",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "S99",
"Paragraph": "1",
"Subparagraph": "(SAB Topic 6.I.5.Q1)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147479360/740-10-S99-1"
},
"r564": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "740",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "S99",
"Paragraph": "1",
"Subparagraph": "(SAB Topic 6.I.7)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147479360/740-10-S99-1"
},
"r565": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "740",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "S99",
"Paragraph": "2",
"Subparagraph": "(SAB Topic 11.C)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147479360/740-10-S99-2"
},
"r566": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "740",
"SubTopic": "270",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "1",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147477891/740-270-50-1"
},
"r567": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "740",
"SubTopic": "30",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "2",
"Subparagraph": "(a)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147482603/740-30-50-2"
},
"r568": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "740",
"SubTopic": "323",
"Name": "Accounting Standards Codification",
"Section": "65",
"Paragraph": "2",
"Subparagraph": "(d)(1)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147478666/740-323-65-2"
},
"r569": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "740",
"SubTopic": "323",
"Name": "Accounting Standards Codification",
"Section": "65",
"Paragraph": "2",
"Subparagraph": "(d)(2)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147478666/740-323-65-2"
},
"r570": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "740",
"SubTopic": "323",
"Name": "Accounting Standards Codification",
"Section": "65",
"Paragraph": "2",
"Subparagraph": "(e)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147478666/740-323-65-2"
},
"r571": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "740",
"SubTopic": "323",
"Name": "Accounting Standards Codification",
"Section": "65",
"Paragraph": "2",
"Subparagraph": "(g)(3)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147478666/740-323-65-2"
},
"r572": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "740",
"SubTopic": "323",
"Name": "Accounting Standards Codification",
"Section": "65",
"Paragraph": "2",
"Subparagraph": "(g)(4)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147478666/740-323-65-2"
},
"r573": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "805",
"SubTopic": "30",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "4",
"Subparagraph": "(a)(1)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147479581/805-30-50-4"
},
"r574": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "805",
"SubTopic": "60",
"Name": "Accounting Standards Codification",
"Section": "65",
"Paragraph": "1",
"Subparagraph": "(d)(1)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147476176/805-60-65-1"
},
"r575": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "805",
"SubTopic": "60",
"Name": "Accounting Standards Codification",
"Section": "65",
"Paragraph": "1",
"Subparagraph": "(g)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147476176/805-60-65-1"
},
"r576": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "810",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "45",
"Paragraph": "25",
"Subparagraph": "(a)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147481231/810-10-45-25"
},
"r577": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "810",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "45",
"Paragraph": "25",
"Subparagraph": "(b)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147481231/810-10-45-25"
},
"r578": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "810",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "3",
"Subparagraph": "(bb)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147481203/810-10-50-3"
},
"r579": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "810",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "3",
"Subparagraph": "(c)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147481203/810-10-50-3"
},
"r580": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "815",
"SubTopic": "20",
"Name": "Accounting Standards Codification",
"Section": "65",
"Paragraph": "6",
"Subparagraph": "(e)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147480528/815-20-65-6"
},
"r581": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "815",
"SubTopic": "20",
"Name": "Accounting Standards Codification",
"Section": "65",
"Paragraph": "6",
"Subparagraph": "(h)(1)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147480528/815-20-65-6"
},
"r582": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "815",
"SubTopic": "20",
"Name": "Accounting Standards Codification",
"Section": "65",
"Paragraph": "6",
"Subparagraph": "(h)(1)(i)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147480528/815-20-65-6"
},
"r583": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "815",
"SubTopic": "20",
"Name": "Accounting Standards Codification",
"Section": "65",
"Paragraph": "6",
"Subparagraph": "(h)(1)(iii)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147480528/815-20-65-6"
},
"r584": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "815",
"SubTopic": "20",
"Name": "Accounting Standards Codification",
"Section": "65",
"Paragraph": "6",
"Subparagraph": "(h)(1)(iv)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147480528/815-20-65-6"
},
"r585": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "815",
"SubTopic": "20",
"Name": "Accounting Standards Codification",
"Section": "65",
"Paragraph": "6",
"Subparagraph": "(i)(3)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147480528/815-20-65-6"
},
"r586": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "815",
"SubTopic": "40",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "5",
"Subparagraph": "(f)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147480237/815-40-50-5"
},
"r587": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "815",
"SubTopic": "40",
"Name": "Accounting Standards Codification",
"Section": "65",
"Paragraph": "1",
"Subparagraph": "(e)(3)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147480175/815-40-65-1"
},
"r588": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "815",
"SubTopic": "40",
"Name": "Accounting Standards Codification",
"Section": "65",
"Paragraph": "1",
"Subparagraph": "(e)(4)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147480175/815-40-65-1"
},
"r589": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "815",
"SubTopic": "40",
"Name": "Accounting Standards Codification",
"Section": "65",
"Paragraph": "1",
"Subparagraph": "(f)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147480175/815-40-65-1"
},
"r590": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "820",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "35",
"Paragraph": "54B",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147482134/820-10-35-54B"
},
"r591": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "820",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "2",
"Subparagraph": "(b)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147482106/820-10-50-2"
},
"r592": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "820",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "2",
"Subparagraph": "(bbb)(1)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147482106/820-10-50-2"
},
"r593": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "820",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "2",
"Subparagraph": "(bbb)(2)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147482106/820-10-50-2"
},
"r594": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "820",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "2",
"Subparagraph": "(bbb)(2)(i)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147482106/820-10-50-2"
},
"r595": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "820",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "2",
"Subparagraph": "(c)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147482106/820-10-50-2"
},
"r596": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "820",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "2",
"Subparagraph": "(c)(1)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147482106/820-10-50-2"
},
"r597": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "820",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "2",
"Subparagraph": "(c)(1a)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147482106/820-10-50-2"
},
"r598": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "820",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "2",
"Subparagraph": "(c)(2)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147482106/820-10-50-2"
},
"r599": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "820",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "2",
"Subparagraph": "(c)(3)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147482106/820-10-50-2"
},
"r600": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "820",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "2",
"Subparagraph": "(d)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147482106/820-10-50-2"
},
"r601": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "820",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "2",
"Subparagraph": "(g)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147482106/820-10-50-2"
},
"r602": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "820",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "2",
"Subparagraph": "(h)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147482106/820-10-50-2"
},
"r603": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "820",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "2E",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147482106/820-10-50-2E"
},
"r604": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "820",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "3",
"Subparagraph": "(a)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147482106/820-10-50-3"
},
"r605": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "820",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "3",
"Subparagraph": "(b)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147482106/820-10-50-3"
},
"r606": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "820",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "6A",
"Subparagraph": "(a)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147482106/820-10-50-6A"
},
"r607": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "820",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "6A",
"Subparagraph": "(d)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147482106/820-10-50-6A"
},
"r608": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "820",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "6A",
"Subparagraph": "(e)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147482106/820-10-50-6A"
},
"r609": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "820",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "6A",
"Subparagraph": "(f)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147482106/820-10-50-6A"
},
"r610": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "820",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "6A",
"Subparagraph": "(h)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147482106/820-10-50-6A"
},
"r611": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "820",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "6B",
"Subparagraph": "(a)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147482106/820-10-50-6B"
},
"r612": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "825",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "28",
"Subparagraph": "(f)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147482907/825-10-50-28"
},
"r613": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "830",
"SubTopic": "230",
"Name": "Accounting Standards Codification",
"Section": "45",
"Paragraph": "1",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147477401/830-230-45-1"
},
"r614": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "830",
"SubTopic": "30",
"Name": "Accounting Standards Codification",
"Section": "45",
"Paragraph": "17",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147481694/830-30-45-17"
},
"r615": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "830",
"SubTopic": "30",
"Name": "Accounting Standards Codification",
"Section": "45",
"Paragraph": "20",
"Subparagraph": "(a)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147481694/830-30-45-20"
},
"r616": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "830",
"SubTopic": "30",
"Name": "Accounting Standards Codification",
"Section": "45",
"Paragraph": "20",
"Subparagraph": "(b)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147481694/830-30-45-20"
},
"r617": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "830",
"SubTopic": "30",
"Name": "Accounting Standards Codification",
"Section": "45",
"Paragraph": "20",
"Subparagraph": "(c)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147481694/830-30-45-20"
},
"r618": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "830",
"SubTopic": "30",
"Name": "Accounting Standards Codification",
"Section": "45",
"Paragraph": "20",
"Subparagraph": "(d)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147481694/830-30-45-20"
},
"r619": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "830",
"SubTopic": "30",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "1",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147481674/830-30-50-1"
},
"r620": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "835",
"SubTopic": "30",
"Name": "Accounting Standards Codification",
"Section": "45",
"Paragraph": "2",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147482925/835-30-45-2"
},
"r621": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "842",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "65",
"Paragraph": "8",
"Subparagraph": "(a)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147479832/842-10-65-8"
},
"r622": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "842",
"SubTopic": "20",
"Name": "Accounting Standards Codification",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/842-20/tableOfContent"
},
"r623": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "842",
"SubTopic": "20",
"Name": "Accounting Standards Codification",
"Section": "35",
"Paragraph": "12A",
"Subparagraph": "(b)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147479165/842-20-35-12A"
},
"r624": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "842",
"SubTopic": "20",
"Name": "Accounting Standards Codification",
"Section": "45",
"Paragraph": "1",
"Subparagraph": "(a)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147479041/842-20-45-1"
},
"r625": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "842",
"SubTopic": "20",
"Name": "Accounting Standards Codification",
"Section": "45",
"Paragraph": "1",
"Subparagraph": "(b)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147479041/842-20-45-1"
},
"r626": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "842",
"SubTopic": "20",
"Name": "Accounting Standards Codification",
"Section": "45",
"Paragraph": "5",
"Subparagraph": "(c)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147479041/842-20-45-5"
},
"r627": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "842",
"SubTopic": "20",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "1",
"Subparagraph": "(b)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147478964/842-20-50-1"
},
"r628": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "842",
"SubTopic": "20",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "3",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147478964/842-20-50-3"
},
"r629": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "842",
"SubTopic": "20",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "4",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147478964/842-20-50-4"
},
"r630": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "842",
"SubTopic": "20",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "4",
"Subparagraph": "(b)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147478964/842-20-50-4"
},
"r631": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "842",
"SubTopic": "20",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "4",
"Subparagraph": "(d)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147478964/842-20-50-4"
},
"r632": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "842",
"SubTopic": "20",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "4",
"Subparagraph": "(g)(1)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147478964/842-20-50-4"
},
"r633": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "842",
"SubTopic": "20",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "4",
"Subparagraph": "(g)(2)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147478964/842-20-50-4"
},
"r634": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "842",
"SubTopic": "20",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "4",
"Subparagraph": "(g)(3)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147478964/842-20-50-4"
},
"r635": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "842",
"SubTopic": "20",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "4",
"Subparagraph": "(g)(4)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147478964/842-20-50-4"
},
"r636": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "842",
"SubTopic": "20",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "6",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147478964/842-20-50-6"
},
"r637": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "842",
"SubTopic": "20",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "7A",
"Subparagraph": "(a)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147478964/842-20-50-7A"
},
"r638": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "842",
"SubTopic": "20",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "7A",
"Subparagraph": "(c)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147478964/842-20-50-7A"
},
"r639": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "848",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "65",
"Paragraph": "2",
"Subparagraph": "(a)(3)(iii)(03)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147483550/848-10-65-2"
},
"r640": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "860",
"SubTopic": "20",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "3",
"Subparagraph": "(b)(2)(i)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147481326/860-20-50-3"
},
"r641": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "860",
"SubTopic": "20",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "3",
"Subparagraph": "(b)(2)(ii)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147481326/860-20-50-3"
},
"r642": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "860",
"SubTopic": "20",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "3",
"Subparagraph": "(b)(3)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147481326/860-20-50-3"
},
"r643": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "860",
"SubTopic": "20",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "3",
"Subparagraph": "(bb)(1)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147481326/860-20-50-3"
},
"r644": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "860",
"SubTopic": "20",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "3",
"Subparagraph": "(bb)(2)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147481326/860-20-50-3"
},
"r645": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "860",
"SubTopic": "20",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "3",
"Subparagraph": "(bb)(3)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147481326/860-20-50-3"
},
"r646": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "860",
"SubTopic": "20",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "3",
"Subparagraph": "(c)(1)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147481326/860-20-50-3"
},
"r647": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "860",
"SubTopic": "20",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "3",
"Subparagraph": "(c)(2)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147481326/860-20-50-3"
},
"r648": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "860",
"SubTopic": "20",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "3",
"Subparagraph": "(c)(3)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147481326/860-20-50-3"
},
"r649": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "860",
"SubTopic": "20",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "4",
"Subparagraph": "(b)(1)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147481326/860-20-50-4"
},
"r650": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "860",
"SubTopic": "20",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "4",
"Subparagraph": "(b)(2)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147481326/860-20-50-4"
},
"r651": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "860",
"SubTopic": "20",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "4",
"Subparagraph": "(b)(3)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147481326/860-20-50-4"
},
"r652": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "860",
"SubTopic": "20",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "4",
"Subparagraph": "(c)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147481326/860-20-50-4"
},
"r653": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "860",
"SubTopic": "30",
"Name": "Accounting Standards Codification",
"Section": "45",
"Paragraph": "1",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147481444/860-30-45-1"
},
"r654": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "860",
"SubTopic": "30",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "7",
"Subparagraph": "(a)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147481420/860-30-50-7"
},
"r655": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "860",
"SubTopic": "30",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "7",
"Subparagraph": "(d)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147481420/860-30-50-7"
},
"r656": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "860",
"SubTopic": "50",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "3",
"Subparagraph": "(a)(1)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147481229/860-50-50-3"
},
"r657": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "860",
"SubTopic": "50",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "3",
"Subparagraph": "(a)(2)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147481229/860-50-50-3"
},
"r658": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "860",
"SubTopic": "50",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "3",
"Subparagraph": "(a)(3)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147481229/860-50-50-3"
},
"r659": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "860",
"SubTopic": "50",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "3",
"Subparagraph": "(a)(4)(i)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147481229/860-50-50-3"
},
"r660": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "860",
"SubTopic": "50",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "4",
"Subparagraph": "(a)(1)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147481229/860-50-50-4"
},
"r661": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "860",
"SubTopic": "50",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "4",
"Subparagraph": "(a)(2)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147481229/860-50-50-4"
},
"r662": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "860",
"SubTopic": "50",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "4",
"Subparagraph": "(a)(3)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147481229/860-50-50-4"
},
"r663": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "860",
"SubTopic": "50",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "4",
"Subparagraph": "(a)(4)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147481229/860-50-50-4"
},
"r664": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "860",
"SubTopic": "50",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "4",
"Subparagraph": "(a)(5)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147481229/860-50-50-4"
},
"r665": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "860",
"SubTopic": "50",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "4",
"Subparagraph": "(a)(6)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147481229/860-50-50-4"
},
"r666": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "860",
"SubTopic": "50",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "4",
"Subparagraph": "(a)(7)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147481229/860-50-50-4"
},
"r667": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "860",
"SubTopic": "50",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "4",
"Subparagraph": "(b)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147481229/860-50-50-4"
},
"r668": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "860",
"SubTopic": "50",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "4",
"Subparagraph": "(e)(1)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147481229/860-50-50-4"
},
"r669": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "860",
"SubTopic": "50",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "4",
"Subparagraph": "(e)(2)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147481229/860-50-50-4"
},
"r670": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "860",
"SubTopic": "50",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "4",
"Subparagraph": "(e)(3)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147481229/860-50-50-4"
},
"r671": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "910",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "6",
"Subparagraph": "(b)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147482546/910-10-50-6"
},
"r672": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "912",
"SubTopic": "310",
"Name": "Accounting Standards Codification",
"Section": "45",
"Paragraph": "11",
"Subparagraph": "(b)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147478345/912-310-45-11"
},
"r673": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "912",
"SubTopic": "310",
"Name": "Accounting Standards Codification",
"Section": "45",
"Paragraph": "2",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147478345/912-310-45-2"
},
"r674": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "924",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "S99",
"Paragraph": "1",
"Subparagraph": "(SAB Topic 11.L)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147479941/924-10-S99-1"
},
"r675": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "926",
"SubTopic": "20",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "5",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147483154/926-20-50-5"
},
"r676": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "928",
"SubTopic": "340",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "1",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147478859/928-340-50-1"
},
"r677": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "932",
"SubTopic": "220",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "1",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147478934/932-220-50-1"
},
"r678": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "932",
"SubTopic": "235",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "18",
"Subparagraph": "(a)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147477215/932-235-50-18"
},
"r679": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "932",
"SubTopic": "235",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "18",
"Subparagraph": "(b)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147477215/932-235-50-18"
},
"r680": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "932",
"SubTopic": "235",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "18",
"Subparagraph": "(c)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147477215/932-235-50-18"
},
"r681": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "932",
"SubTopic": "235",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "19",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147477215/932-235-50-19"
},
"r682": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "932",
"SubTopic": "235",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "23",
"Subparagraph": "(a)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147477215/932-235-50-23"
},
"r683": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "932",
"SubTopic": "235",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "23",
"Subparagraph": "(b)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147477215/932-235-50-23"
},
"r684": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "932",
"SubTopic": "235",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "23",
"Subparagraph": "(c)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147477215/932-235-50-23"
},
"r685": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "932",
"SubTopic": "235",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "23",
"Subparagraph": "(d)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147477215/932-235-50-23"
},
"r686": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "932",
"SubTopic": "235",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "23",
"Subparagraph": "(e)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147477215/932-235-50-23"
},
"r687": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "932",
"SubTopic": "235",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "23",
"Subparagraph": "(f)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147477215/932-235-50-23"
},
"r688": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "932",
"SubTopic": "235",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "31",
"Subparagraph": "(a)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147477215/932-235-50-31"
},
"r689": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "932",
"SubTopic": "235",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "31",
"Subparagraph": "(b)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147477215/932-235-50-31"
},
"r690": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "932",
"SubTopic": "235",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "31",
"Subparagraph": "(c)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147477215/932-235-50-31"
},
"r691": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "932",
"SubTopic": "235",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "31",
"Subparagraph": "(d)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147477215/932-235-50-31"
},
"r692": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "932",
"SubTopic": "235",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "31",
"Subparagraph": "(e)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147477215/932-235-50-31"
},
"r693": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "932",
"SubTopic": "235",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "31",
"Subparagraph": "(f)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147477215/932-235-50-31"
},
"r694": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "932",
"SubTopic": "235",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "5",
"Subparagraph": "(a)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147477215/932-235-50-5"
},
"r695": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "932",
"SubTopic": "235",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "5",
"Subparagraph": "(b)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147477215/932-235-50-5"
},
"r696": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "932",
"SubTopic": "235",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "5",
"Subparagraph": "(c)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147477215/932-235-50-5"
},
"r697": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "932",
"SubTopic": "235",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "5",
"Subparagraph": "(d)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147477215/932-235-50-5"
},
"r698": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "932",
"SubTopic": "235",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "5",
"Subparagraph": "(e)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147477215/932-235-50-5"
},
"r699": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "932",
"SubTopic": "235",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "5",
"Subparagraph": "(f)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147477215/932-235-50-5"
},
"r700": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "932",
"SubTopic": "235",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "6",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147477215/932-235-50-6"
},
"r701": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "932",
"SubTopic": "235",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "7",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147477215/932-235-50-7"
},
"r702": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "932",
"SubTopic": "235",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "8",
"Subparagraph": "(a)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147477215/932-235-50-8"
},
"r703": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "932",
"SubTopic": "235",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "8",
"Subparagraph": "(c)(1)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147477215/932-235-50-8"
},
"r704": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "932",
"SubTopic": "235",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "8",
"Subparagraph": "(c)(2)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147477215/932-235-50-8"
},
"r705": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "932",
"SubTopic": "280",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "1",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147478657/932-280-50-1"
},
"r706": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "932",
"SubTopic": "323",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "1",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147478988/932-323-50-1"
},
"r707": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "940",
"SubTopic": "820",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "1",
"Subparagraph": "(a)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147478119/940-820-50-1"
},
"r708": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "942",
"SubTopic": "210",
"Name": "Accounting Standards Codification",
"Section": "S99",
"Paragraph": "1",
"Subparagraph": "(SX 210.9-03(10)(1))",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147478546/942-210-S99-1"
},
"r709": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "942",
"SubTopic": "220",
"Name": "Accounting Standards Codification",
"Section": "S99",
"Paragraph": "1",
"Subparagraph": "(SX 210.9-04(23))",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147478524/942-220-S99-1"
},
"r710": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "942",
"SubTopic": "220",
"Name": "Accounting Standards Codification",
"Section": "S99",
"Paragraph": "1",
"Subparagraph": "(SX 210.9-04(26))",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147478524/942-220-S99-1"
},
"r711": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "942",
"SubTopic": "220",
"Name": "Accounting Standards Codification",
"Section": "S99",
"Paragraph": "1",
"Subparagraph": "(SX 210.9-04(27))",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147478524/942-220-S99-1"
},
"r712": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "942",
"SubTopic": "235",
"Name": "Accounting Standards Codification",
"Section": "S99",
"Paragraph": "1",
"Subparagraph": "(SX 210.9-05(b)(2))",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147477314/942-235-S99-1"
},
"r713": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "942",
"SubTopic": "360",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "1",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147478451/942-360-50-1"
},
"r714": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "944",
"SubTopic": "210",
"Name": "Accounting Standards Codification",
"Section": "S99",
"Paragraph": "1",
"Subparagraph": "(SX 210.7-03(a)(12))",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147478777/944-210-S99-1"
},
"r715": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "944",
"SubTopic": "210",
"Name": "Accounting Standards Codification",
"Section": "S99",
"Paragraph": "1",
"Subparagraph": "(SX 210.7-03(a)(15)(b)(2))",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147478777/944-210-S99-1"
},
"r716": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "944",
"SubTopic": "210",
"Name": "Accounting Standards Codification",
"Section": "S99",
"Paragraph": "1",
"Subparagraph": "(SX 210.7-03(a)(19))",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147478777/944-210-S99-1"
},
"r717": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "944",
"SubTopic": "210",
"Name": "Accounting Standards Codification",
"Section": "S99",
"Paragraph": "1",
"Subparagraph": "(SX 210.7-03(a)(21))",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147478777/944-210-S99-1"
},
"r718": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "944",
"SubTopic": "210",
"Name": "Accounting Standards Codification",
"Section": "S99",
"Paragraph": "1",
"Subparagraph": "(SX 210.7-03(a)(22))",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147478777/944-210-S99-1"
},
"r719": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "944",
"SubTopic": "210",
"Name": "Accounting Standards Codification",
"Section": "S99",
"Paragraph": "1",
"Subparagraph": "(SX 210.7-03(a)(23)(a)(3))",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147478777/944-210-S99-1"
},
"r720": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "944",
"SubTopic": "210",
"Name": "Accounting Standards Codification",
"Section": "S99",
"Paragraph": "1",
"Subparagraph": "(SX 210.7-03(a)(23)(a)(4))",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147478777/944-210-S99-1"
},
"r721": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "944",
"SubTopic": "210",
"Name": "Accounting Standards Codification",
"Section": "S99",
"Paragraph": "1",
"Subparagraph": "(SX 210.7-03(a)(25))",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147478777/944-210-S99-1"
},
"r722": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "944",
"SubTopic": "210",
"Name": "Accounting Standards Codification",
"Section": "S99",
"Paragraph": "1",
"Subparagraph": "(SX 210.7-03(a)(8)(b))",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147478777/944-210-S99-1"
},
"r723": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "944",
"SubTopic": "210",
"Name": "Accounting Standards Codification",
"Section": "S99",
"Paragraph": "1",
"Subparagraph": "(SX 210.7-03(a)(8))",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147478777/944-210-S99-1"
},
"r724": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "944",
"SubTopic": "220",
"Name": "Accounting Standards Codification",
"Section": "S99",
"Paragraph": "1",
"Subparagraph": "(SX 210.7-04(18))",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147477250/944-220-S99-1"
},
"r725": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "944",
"SubTopic": "220",
"Name": "Accounting Standards Codification",
"Section": "S99",
"Paragraph": "1",
"Subparagraph": "(SX 210.7-04(19))",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147477250/944-220-S99-1"
},
"r726": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "944",
"SubTopic": "220",
"Name": "Accounting Standards Codification",
"Section": "S99",
"Paragraph": "1",
"Subparagraph": "(SX 210.7-04(2)(a))",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147477250/944-220-S99-1"
},
"r727": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "944",
"SubTopic": "220",
"Name": "Accounting Standards Codification",
"Section": "S99",
"Paragraph": "1",
"Subparagraph": "(SX 210.7-04(20))",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147477250/944-220-S99-1"
},
"r728": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "944",
"SubTopic": "220",
"Name": "Accounting Standards Codification",
"Section": "S99",
"Paragraph": "1",
"Subparagraph": "(SX 210.7-04(22))",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147477250/944-220-S99-1"
},
"r729": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "944",
"SubTopic": "220",
"Name": "Accounting Standards Codification",
"Section": "S99",
"Paragraph": "1",
"Subparagraph": "(SX 210.7-04(23))",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147477250/944-220-S99-1"
},
"r730": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "944",
"SubTopic": "220",
"Name": "Accounting Standards Codification",
"Section": "S99",
"Paragraph": "1",
"Subparagraph": "(SX 210.7-04(9))",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147477250/944-220-S99-1"
},
"r731": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "944",
"SubTopic": "235",
"Name": "Accounting Standards Codification",
"Section": "S99",
"Paragraph": "1",
"Subparagraph": "(SX 210.12-16(Column A))",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147477965/944-235-S99-1"
},
"r732": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "944",
"SubTopic": "235",
"Name": "Accounting Standards Codification",
"Section": "S99",
"Paragraph": "1",
"Subparagraph": "(SX 210.12-16(Column B))",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147477965/944-235-S99-1"
},
"r733": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "944",
"SubTopic": "235",
"Name": "Accounting Standards Codification",
"Section": "S99",
"Paragraph": "1",
"Subparagraph": "(SX 210.12-16(Column C))",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147477965/944-235-S99-1"
},
"r734": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "944",
"SubTopic": "235",
"Name": "Accounting Standards Codification",
"Section": "S99",
"Paragraph": "1",
"Subparagraph": "(SX 210.12-16(Column D))",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147477965/944-235-S99-1"
},
"r735": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "944",
"SubTopic": "235",
"Name": "Accounting Standards Codification",
"Section": "S99",
"Paragraph": "1",
"Subparagraph": "(SX 210.12-16(Column E))",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147477965/944-235-S99-1"
},
"r736": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "944",
"SubTopic": "235",
"Name": "Accounting Standards Codification",
"Section": "S99",
"Paragraph": "1",
"Subparagraph": "(SX 210.12-16(Column F))",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147477965/944-235-S99-1"
},
"r737": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "944",
"SubTopic": "235",
"Name": "Accounting Standards Codification",
"Section": "S99",
"Paragraph": "1",
"Subparagraph": "(SX 210.12-16(Column G))",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147477965/944-235-S99-1"
},
"r738": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "944",
"SubTopic": "235",
"Name": "Accounting Standards Codification",
"Section": "S99",
"Paragraph": "1",
"Subparagraph": "(SX 210.12-16(Column H))",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147477965/944-235-S99-1"
},
"r739": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "944",
"SubTopic": "235",
"Name": "Accounting Standards Codification",
"Section": "S99",
"Paragraph": "1",
"Subparagraph": "(SX 210.12-16(Column I))",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147477965/944-235-S99-1"
},
"r740": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "944",
"SubTopic": "235",
"Name": "Accounting Standards Codification",
"Section": "S99",
"Paragraph": "1",
"Subparagraph": "(SX 210.12-16(Column J))",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147477965/944-235-S99-1"
},
"r741": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "944",
"SubTopic": "235",
"Name": "Accounting Standards Codification",
"Section": "S99",
"Paragraph": "1",
"Subparagraph": "(SX 210.12-16(Column K))",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147477965/944-235-S99-1"
},
"r742": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "944",
"SubTopic": "40",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "5",
"Subparagraph": "(b)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147480081/944-40-50-5"
},
"r743": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "944",
"SubTopic": "40",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "7A",
"Subparagraph": "(d)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147480081/944-40-50-7A"
},
"r744": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "944",
"SubTopic": "40",
"Name": "Accounting Standards Codification",
"Section": "65",
"Paragraph": "2",
"Subparagraph": "(e)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147480016/944-40-65-2"
},
"r745": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "944",
"SubTopic": "40",
"Name": "Accounting Standards Codification",
"Section": "65",
"Paragraph": "2",
"Subparagraph": "(f)(1)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147480016/944-40-65-2"
},
"r746": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "944",
"SubTopic": "40",
"Name": "Accounting Standards Codification",
"Section": "65",
"Paragraph": "2",
"Subparagraph": "(f)(2)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147480016/944-40-65-2"
},
"r747": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "944",
"SubTopic": "40",
"Name": "Accounting Standards Codification",
"Section": "65",
"Paragraph": "2",
"Subparagraph": "(g)(2)(i)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147480016/944-40-65-2"
},
"r748": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "944",
"SubTopic": "40",
"Name": "Accounting Standards Codification",
"Section": "65",
"Paragraph": "2",
"Subparagraph": "(g)(2)(ii)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147480016/944-40-65-2"
},
"r749": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "944",
"SubTopic": "40",
"Name": "Accounting Standards Codification",
"Section": "65",
"Paragraph": "2",
"Subparagraph": "(h)(2)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147480016/944-40-65-2"
},
"r750": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "944",
"SubTopic": "40",
"Name": "Accounting Standards Codification",
"Section": "S99",
"Paragraph": "1",
"Subparagraph": "(SAB Topic 5.W.Q2)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147479583/944-40-S99-1"
},
"r751": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "946",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "1",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147480424/946-10-50-1"
},
"r752": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "946",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "2",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147480424/946-10-50-2"
},
"r753": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "946",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "S99",
"Paragraph": "3",
"Subparagraph": "(SX 210.6-03(d))",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147479886/946-10-S99-3"
},
"r754": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "946",
"SubTopic": "20",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "11",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147480990/946-20-50-11"
},
"r755": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "946",
"SubTopic": "20",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "13",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147480990/946-20-50-13"
},
"r756": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "946",
"SubTopic": "205",
"Name": "Accounting Standards Codification",
"Section": "45",
"Paragraph": "4",
"Subparagraph": "(a)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147478009/946-205-45-4"
},
"r757": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "946",
"SubTopic": "210",
"Name": "Accounting Standards Codification",
"Section": "45",
"Paragraph": "4",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147477796/946-210-45-4"
},
"r758": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "946",
"SubTopic": "210",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "1",
"Subparagraph": "(b)(2)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147478795/946-210-50-1"
},
"r759": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "946",
"SubTopic": "210",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "2",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147478795/946-210-50-2"
},
"r760": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "946",
"SubTopic": "210",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "6",
"Subparagraph": "(a)(2)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147478795/946-210-50-6"
},
"r761": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "946",
"SubTopic": "210",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "6",
"Subparagraph": "(e)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147478795/946-210-50-6"
},
"r762": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "946",
"SubTopic": "210",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "6",
"Subparagraph": "(f)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147478795/946-210-50-6"
},
"r763": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "946",
"SubTopic": "210",
"Name": "Accounting Standards Codification",
"Section": "S99",
"Paragraph": "1",
"Subparagraph": "(SX 210.6-04(1))",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147479170/946-210-S99-1"
},
"r764": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "946",
"SubTopic": "210",
"Name": "Accounting Standards Codification",
"Section": "S99",
"Paragraph": "1",
"Subparagraph": "(SX 210.6-04(12)(b)(1))",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147479170/946-210-S99-1"
},
"r765": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "946",
"SubTopic": "210",
"Name": "Accounting Standards Codification",
"Section": "S99",
"Paragraph": "1",
"Subparagraph": "(SX 210.6-04(12)(b)(2))",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147479170/946-210-S99-1"
},
"r766": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "946",
"SubTopic": "210",
"Name": "Accounting Standards Codification",
"Section": "S99",
"Paragraph": "1",
"Subparagraph": "(SX 210.6-04(12)(b)(3))",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147479170/946-210-S99-1"
},
"r767": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "946",
"SubTopic": "210",
"Name": "Accounting Standards Codification",
"Section": "S99",
"Paragraph": "1",
"Subparagraph": "(SX 210.6-04(13)(a)(2))",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147479170/946-210-S99-1"
},
"r768": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "946",
"SubTopic": "210",
"Name": "Accounting Standards Codification",
"Section": "S99",
"Paragraph": "1",
"Subparagraph": "(SX 210.6-04(13)(a)(3))",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147479170/946-210-S99-1"
},
"r769": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "946",
"SubTopic": "210",
"Name": "Accounting Standards Codification",
"Section": "S99",
"Paragraph": "1",
"Subparagraph": "(SX 210.6-04(14))",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147479170/946-210-S99-1"
},
"r770": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "946",
"SubTopic": "210",
"Name": "Accounting Standards Codification",
"Section": "S99",
"Paragraph": "1",
"Subparagraph": "(SX 210.6-04(15))",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147479170/946-210-S99-1"
},
"r771": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "946",
"SubTopic": "210",
"Name": "Accounting Standards Codification",
"Section": "S99",
"Paragraph": "1",
"Subparagraph": "(SX 210.6-04(16)(a))",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147479170/946-210-S99-1"
},
"r772": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "946",
"SubTopic": "210",
"Name": "Accounting Standards Codification",
"Section": "S99",
"Paragraph": "1",
"Subparagraph": "(SX 210.6-04(17))",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147479170/946-210-S99-1"
},
"r773": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "946",
"SubTopic": "210",
"Name": "Accounting Standards Codification",
"Section": "S99",
"Paragraph": "1",
"Subparagraph": "(SX 210.6-04(19))",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147479170/946-210-S99-1"
},
"r774": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "946",
"SubTopic": "210",
"Name": "Accounting Standards Codification",
"Section": "S99",
"Paragraph": "1",
"Subparagraph": "(SX 210.6-04(2)(a))",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147479170/946-210-S99-1"
},
"r775": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "946",
"SubTopic": "210",
"Name": "Accounting Standards Codification",
"Section": "S99",
"Paragraph": "1",
"Subparagraph": "(SX 210.6-04(2)(b))",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147479170/946-210-S99-1"
},
"r776": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "946",
"SubTopic": "210",
"Name": "Accounting Standards Codification",
"Section": "S99",
"Paragraph": "1",
"Subparagraph": "(SX 210.6-04(3)(a))",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147479170/946-210-S99-1"
},
"r777": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "946",
"SubTopic": "210",
"Name": "Accounting Standards Codification",
"Section": "S99",
"Paragraph": "1",
"Subparagraph": "(SX 210.6-04(3)(b))",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147479170/946-210-S99-1"
},
"r778": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "946",
"SubTopic": "210",
"Name": "Accounting Standards Codification",
"Section": "S99",
"Paragraph": "1",
"Subparagraph": "(SX 210.6-04(3)(c))",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147479170/946-210-S99-1"
},
"r779": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "946",
"SubTopic": "210",
"Name": "Accounting Standards Codification",
"Section": "S99",
"Paragraph": "1",
"Subparagraph": "(SX 210.6-04(6)(b))",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147479170/946-210-S99-1"
},
"r780": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "946",
"SubTopic": "210",
"Name": "Accounting Standards Codification",
"Section": "S99",
"Paragraph": "1",
"Subparagraph": "(SX 210.6-04(6)(c))",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147479170/946-210-S99-1"
},
"r781": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "946",
"SubTopic": "210",
"Name": "Accounting Standards Codification",
"Section": "S99",
"Paragraph": "1",
"Subparagraph": "(SX 210.6-04(6)(d))",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147479170/946-210-S99-1"
},
"r782": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "946",
"SubTopic": "210",
"Name": "Accounting Standards Codification",
"Section": "S99",
"Paragraph": "1",
"Subparagraph": "(SX 210.6-04(6)(e))",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147479170/946-210-S99-1"
},
"r783": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "946",
"SubTopic": "210",
"Name": "Accounting Standards Codification",
"Section": "S99",
"Paragraph": "1",
"Subparagraph": "(SX 210.6-04(7)(a))",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147479170/946-210-S99-1"
},
"r784": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "946",
"SubTopic": "210",
"Name": "Accounting Standards Codification",
"Section": "S99",
"Paragraph": "1",
"Subparagraph": "(SX 210.6-04(7)(b))",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147479170/946-210-S99-1"
},
"r785": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "946",
"SubTopic": "210",
"Name": "Accounting Standards Codification",
"Section": "S99",
"Paragraph": "1",
"Subparagraph": "(SX 210.6-04(8))",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147479170/946-210-S99-1"
},
"r786": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "946",
"SubTopic": "210",
"Name": "Accounting Standards Codification",
"Section": "S99",
"Paragraph": "1",
"Subparagraph": "(SX 210.6-04(9)(b))",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147479170/946-210-S99-1"
},
"r787": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "946",
"SubTopic": "210",
"Name": "Accounting Standards Codification",
"Section": "S99",
"Paragraph": "1",
"Subparagraph": "(SX 210.6-04(9)(c))",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147479170/946-210-S99-1"
},
"r788": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "946",
"SubTopic": "210",
"Name": "Accounting Standards Codification",
"Section": "S99",
"Paragraph": "1",
"Subparagraph": "(SX 210.6-04(9)(d))",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147479170/946-210-S99-1"
},
"r789": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "946",
"SubTopic": "210",
"Name": "Accounting Standards Codification",
"Section": "S99",
"Paragraph": "1",
"Subparagraph": "(SX 210.6-04(9)(e))",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147479170/946-210-S99-1"
},
"r790": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "946",
"SubTopic": "210",
"Name": "Accounting Standards Codification",
"Section": "S99",
"Paragraph": "2",
"Subparagraph": "(SX 210.6-05(2))",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147479170/946-210-S99-2"
},
"r791": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "946",
"SubTopic": "210",
"Name": "Accounting Standards Codification",
"Section": "S99",
"Paragraph": "2",
"Subparagraph": "(SX 210.6-05(4))",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147479170/946-210-S99-2"
},
"r792": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "946",
"SubTopic": "220",
"Name": "Accounting Standards Codification",
"Section": "45",
"Paragraph": "3",
"Subparagraph": "(b)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147479105/946-220-45-3"
},
"r793": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "946",
"SubTopic": "220",
"Name": "Accounting Standards Codification",
"Section": "45",
"Paragraph": "7",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147479105/946-220-45-7"
},
"r794": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "946",
"SubTopic": "220",
"Name": "Accounting Standards Codification",
"Section": "S99",
"Paragraph": "1",
"Subparagraph": "(SX 210.6-07(1))",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147479134/946-220-S99-1"
},
"r795": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "946",
"SubTopic": "220",
"Name": "Accounting Standards Codification",
"Section": "S99",
"Paragraph": "1",
"Subparagraph": "(SX 210.6-07(2)(a))",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147479134/946-220-S99-1"
},
"r796": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "946",
"SubTopic": "220",
"Name": "Accounting Standards Codification",
"Section": "S99",
"Paragraph": "1",
"Subparagraph": "(SX 210.6-07(7)(a)(1))",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147479134/946-220-S99-1"
},
"r797": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "946",
"SubTopic": "220",
"Name": "Accounting Standards Codification",
"Section": "S99",
"Paragraph": "1",
"Subparagraph": "(SX 210.6-07(7)(a)(2))",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147479134/946-220-S99-1"
},
"r798": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "946",
"SubTopic": "220",
"Name": "Accounting Standards Codification",
"Section": "S99",
"Paragraph": "1",
"Subparagraph": "(SX 210.6-07(7)(a)(3))",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147479134/946-220-S99-1"
},
"r799": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "946",
"SubTopic": "220",
"Name": "Accounting Standards Codification",
"Section": "S99",
"Paragraph": "1",
"Subparagraph": "(SX 210.6-07(7)(a)(5))",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147479134/946-220-S99-1"
},
"r800": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "946",
"SubTopic": "220",
"Name": "Accounting Standards Codification",
"Section": "S99",
"Paragraph": "1",
"Subparagraph": "(SX 210.6-07(7)(a)(6))",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147479134/946-220-S99-1"
},
"r801": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "946",
"SubTopic": "220",
"Name": "Accounting Standards Codification",
"Section": "S99",
"Paragraph": "1",
"Subparagraph": "(SX 210.6-07(7)(a)(7))",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147479134/946-220-S99-1"
},
"r802": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "946",
"SubTopic": "220",
"Name": "Accounting Standards Codification",
"Section": "S99",
"Paragraph": "1",
"Subparagraph": "(SX 210.6-07(7)(c)(1))",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147479134/946-220-S99-1"
},
"r803": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "946",
"SubTopic": "220",
"Name": "Accounting Standards Codification",
"Section": "S99",
"Paragraph": "1",
"Subparagraph": "(SX 210.6-07(7)(c)(2))",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147479134/946-220-S99-1"
},
"r804": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "946",
"SubTopic": "220",
"Name": "Accounting Standards Codification",
"Section": "S99",
"Paragraph": "1",
"Subparagraph": "(SX 210.6-07(7)(c)(3))",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147479134/946-220-S99-1"
},
"r805": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "946",
"SubTopic": "220",
"Name": "Accounting Standards Codification",
"Section": "S99",
"Paragraph": "1",
"Subparagraph": "(SX 210.6-07(7)(c)(5))",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147479134/946-220-S99-1"
},
"r806": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "946",
"SubTopic": "220",
"Name": "Accounting Standards Codification",
"Section": "S99",
"Paragraph": "1",
"Subparagraph": "(SX 210.6-07(7)(c)(6))",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147479134/946-220-S99-1"
},
"r807": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "946",
"SubTopic": "220",
"Name": "Accounting Standards Codification",
"Section": "S99",
"Paragraph": "1",
"Subparagraph": "(SX 210.6-07(7)(c)(7))",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147479134/946-220-S99-1"
},
"r808": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "946",
"SubTopic": "220",
"Name": "Accounting Standards Codification",
"Section": "S99",
"Paragraph": "1",
"Subparagraph": "(SX 210.6-07(9))",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147479134/946-220-S99-1"
},
"r809": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "946",
"SubTopic": "220",
"Name": "Accounting Standards Codification",
"Section": "S99",
"Paragraph": "3",
"Subparagraph": "(SX 210.6-09(1)(d))",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147479134/946-220-S99-3"
},
"r810": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "946",
"SubTopic": "220",
"Name": "Accounting Standards Codification",
"Section": "S99",
"Paragraph": "3",
"Subparagraph": "(SX 210.6-09(4)(b))",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147479134/946-220-S99-3"
},
"r811": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "946",
"SubTopic": "220",
"Name": "Accounting Standards Codification",
"Section": "S99",
"Paragraph": "3",
"Subparagraph": "(SX 210.6-09(6))",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147479134/946-220-S99-3"
},
"r812": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "946",
"SubTopic": "220",
"Name": "Accounting Standards Codification",
"Section": "S99",
"Paragraph": "3",
"Subparagraph": "(SX 210.6-09(7))",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147479134/946-220-S99-3"
},
"r813": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "946",
"SubTopic": "320",
"Name": "Accounting Standards Codification",
"Section": "S99",
"Paragraph": "1",
"Subparagraph": "(SX 210.12-12(Column A)(Footnote 2))",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147477271/946-320-S99-1"
},
"r814": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "946",
"SubTopic": "320",
"Name": "Accounting Standards Codification",
"Section": "S99",
"Paragraph": "1",
"Subparagraph": "(SX 210.12-12(Column C)(Footnote 5))",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147477271/946-320-S99-1"
},
"r815": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "946",
"SubTopic": "320",
"Name": "Accounting Standards Codification",
"Section": "S99",
"Paragraph": "2",
"Subparagraph": "(SX 210.12-12A(Column A)(Footnote 2))",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147477271/946-320-S99-2"
},
"r816": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "946",
"SubTopic": "320",
"Name": "Accounting Standards Codification",
"Section": "S99",
"Paragraph": "2",
"Subparagraph": "(SX 210.12-12A(Column C)(Footnote 4))",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147477271/946-320-S99-2"
},
"r817": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "946",
"SubTopic": "320",
"Name": "Accounting Standards Codification",
"Section": "S99",
"Paragraph": "3",
"Subparagraph": "(SX 210.12-12B(Column A)(Footnote 4)(a))",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147477271/946-320-S99-3"
},
"r818": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "946",
"SubTopic": "320",
"Name": "Accounting Standards Codification",
"Section": "S99",
"Paragraph": "3",
"Subparagraph": "(SX 210.12-12B(Column A)(Footnote 4)(b))",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147477271/946-320-S99-3"
},
"r819": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "946",
"SubTopic": "320",
"Name": "Accounting Standards Codification",
"Section": "S99",
"Paragraph": "3",
"Subparagraph": "(SX 210.12-12B(Column C)(Footnote 2))",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147477271/946-320-S99-3"
},
"r820": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "946",
"SubTopic": "320",
"Name": "Accounting Standards Codification",
"Section": "S99",
"Paragraph": "6",
"Subparagraph": "(SX 210.12-14(Column A)(Footnote 2))",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147477271/946-320-S99-6"
},
"r821": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "946",
"SubTopic": "320",
"Name": "Accounting Standards Codification",
"Section": "S99",
"Paragraph": "6",
"Subparagraph": "(SX 210.12-14(Column F)(Footnote 7))",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147477271/946-320-S99-6"
},
"r822": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "948",
"SubTopic": "310",
"Name": "Accounting Standards Codification",
"Section": "S99",
"Paragraph": "1",
"Subparagraph": "(SX 210.12-29(Column A)(Footnote 4))",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147479628/948-310-S99-1"
},
"r823": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "954",
"SubTopic": "440",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "1",
"Subparagraph": "(a)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147478522/954-440-50-1"
},
"r824": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "970",
"SubTopic": "360",
"Name": "Accounting Standards Codification",
"Section": "S99",
"Paragraph": "1",
"Subparagraph": "(SX 210.12-28(Column A)(Footnote 2))",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147478979/970-360-S99-1"
},
"r825": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "970",
"SubTopic": "360",
"Name": "Accounting Standards Codification",
"Section": "S99",
"Paragraph": "1",
"Subparagraph": "(SX 210.12-28(Column B))",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147478979/970-360-S99-1"
},
"r826": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "970",
"SubTopic": "360",
"Name": "Accounting Standards Codification",
"Section": "S99",
"Paragraph": "1",
"Subparagraph": "(SX 210.12-28(Column C))",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147478979/970-360-S99-1"
},
"r827": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "970",
"SubTopic": "360",
"Name": "Accounting Standards Codification",
"Section": "S99",
"Paragraph": "1",
"Subparagraph": "(SX 210.12-28(Column D))",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147478979/970-360-S99-1"
},
"r828": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "970",
"SubTopic": "360",
"Name": "Accounting Standards Codification",
"Section": "S99",
"Paragraph": "1",
"Subparagraph": "(SX 210.12-28(Column E))",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147478979/970-360-S99-1"
},
"r829": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "970",
"SubTopic": "360",
"Name": "Accounting Standards Codification",
"Section": "S99",
"Paragraph": "1",
"Subparagraph": "(SX 210.12-28(Column F))",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147478979/970-360-S99-1"
},
"r830": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "970",
"SubTopic": "360",
"Name": "Accounting Standards Codification",
"Section": "S99",
"Paragraph": "1",
"Subparagraph": "(SX 210.12-28(Column G))",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147478979/970-360-S99-1"
},
"r831": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "970",
"SubTopic": "360",
"Name": "Accounting Standards Codification",
"Section": "S99",
"Paragraph": "1",
"Subparagraph": "(SX 210.12-28(Column H))",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147478979/970-360-S99-1"
},
"r832": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "970",
"SubTopic": "360",
"Name": "Accounting Standards Codification",
"Section": "S99",
"Paragraph": "1",
"Subparagraph": "(SX 210.12-28(Column I))",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147478979/970-360-S99-1"
},
"r833": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "976",
"SubTopic": "310",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "1",
"Subparagraph": "(c)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147477332/976-310-50-1"
},
"r834": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "978",
"SubTopic": "310",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "1",
"Subparagraph": "(b)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147479230/978-310-50-1"
},
"r835": {
"role": "http://www.xbrl.org/2003/role/disclosureRef",
"Topic": "985",
"SubTopic": "20",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "2",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147481283/985-20-50-2"
},
"r836": {
"role": "http://www.xbrl.org/2003/role/exampleRef",
"Name": "Accounting Standards Codification",
"Section": "45",
"Paragraph": "28",
"Subparagraph": "(a)",
"SubTopic": "10",
"Topic": "230",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147482740/230-10-45-28"
},
"r837": {
"role": "http://www.xbrl.org/2003/role/exampleRef",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "4",
"Subparagraph": "(e)",
"SubTopic": "10",
"Topic": "235",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147483426/235-10-50-4"
},
"r838": {
"role": "http://www.xbrl.org/2003/role/exampleRef",
"Name": "Accounting Standards Codification",
"Section": "55",
"Paragraph": "13H",
"Subparagraph": "(b)",
"SubTopic": "40",
"Topic": "944",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147480046/944-40-55-13H"
},
"r839": {
"role": "http://www.xbrl.org/2003/role/exampleRef",
"Topic": "210",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "45",
"Paragraph": "1",
"Subparagraph": "(a)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147483467/210-10-45-1"
},
"r840": {
"role": "http://www.xbrl.org/2003/role/exampleRef",
"Topic": "235",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "S99",
"Paragraph": "1",
"Subparagraph": "(SX 210.4-08(m)(1)(ii)(A))",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147480678/235-10-S99-1"
},
"r841": {
"role": "http://www.xbrl.org/2003/role/exampleRef",
"Topic": "260",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "55",
"Paragraph": "52",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147482635/260-10-55-52"
},
"r842": {
"role": "http://www.xbrl.org/2003/role/exampleRef",
"Topic": "280",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "30",
"Subparagraph": "(d)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147482810/280-10-50-30"
},
"r843": {
"role": "http://www.xbrl.org/2003/role/exampleRef",
"Topic": "280",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "31",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147482810/280-10-50-31"
},
"r844": {
"role": "http://www.xbrl.org/2003/role/exampleRef",
"Topic": "280",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "55",
"Paragraph": "47",
"Subparagraph": "(a)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147482785/280-10-55-47"
},
"r845": {
"role": "http://www.xbrl.org/2003/role/exampleRef",
"Topic": "280",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "55",
"Paragraph": "47",
"Subparagraph": "(bb)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147482785/280-10-55-47"
},
"r846": {
"role": "http://www.xbrl.org/2003/role/exampleRef",
"Topic": "280",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "55",
"Paragraph": "47",
"Subparagraph": "(c)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147482785/280-10-55-47"
},
"r847": {
"role": "http://www.xbrl.org/2003/role/exampleRef",
"Topic": "280",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "55",
"Paragraph": "47",
"Subparagraph": "(d)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147482785/280-10-55-47"
},
"r848": {
"role": "http://www.xbrl.org/2003/role/exampleRef",
"Topic": "280",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "55",
"Paragraph": "48",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147482785/280-10-55-48"
},
"r849": {
"role": "http://www.xbrl.org/2003/role/exampleRef",
"Topic": "280",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "55",
"Paragraph": "49",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147482785/280-10-55-49"
},
"r850": {
"role": "http://www.xbrl.org/2003/role/exampleRef",
"Topic": "280",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "55",
"Paragraph": "54",
"Subparagraph": "(a)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147482785/280-10-55-54"
},
"r851": {
"role": "http://www.xbrl.org/2003/role/exampleRef",
"Topic": "280",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "55",
"Paragraph": "54",
"Subparagraph": "(d)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147482785/280-10-55-54"
},
"r852": {
"role": "http://www.xbrl.org/2003/role/exampleRef",
"Topic": "280",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "55",
"Paragraph": "54",
"Subparagraph": "(e)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147482785/280-10-55-54"
},
"r853": {
"role": "http://www.xbrl.org/2003/role/exampleRef",
"Topic": "310",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "55",
"Paragraph": "12A",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147481933/310-10-55-12A"
},
"r854": {
"role": "http://www.xbrl.org/2003/role/exampleRef",
"Topic": "326",
"SubTopic": "30",
"Name": "Accounting Standards Codification",
"Section": "55",
"Paragraph": "8",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147479081/326-30-55-8"
},
"r855": {
"role": "http://www.xbrl.org/2003/role/exampleRef",
"Topic": "350",
"SubTopic": "20",
"Name": "Accounting Standards Codification",
"Section": "55",
"Paragraph": "24",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147482548/350-20-55-24"
},
"r856": {
"role": "http://www.xbrl.org/2003/role/exampleRef",
"Topic": "350",
"SubTopic": "30",
"Name": "Accounting Standards Codification",
"Section": "55",
"Paragraph": "40",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147482640/350-30-55-40"
},
"r857": {
"role": "http://www.xbrl.org/2003/role/exampleRef",
"Topic": "420",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "35",
"Paragraph": "4",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147481639/420-10-35-4"
},
"r858": {
"role": "http://www.xbrl.org/2003/role/exampleRef",
"Topic": "470",
"SubTopic": "20",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "1B",
"Subparagraph": "(d)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147481139/470-20-50-1B"
},
"r859": {
"role": "http://www.xbrl.org/2003/role/exampleRef",
"Topic": "470",
"SubTopic": "20",
"Name": "Accounting Standards Codification",
"Section": "55",
"Paragraph": "69B",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147481568/470-20-55-69B"
},
"r860": {
"role": "http://www.xbrl.org/2003/role/exampleRef",
"Topic": "470",
"SubTopic": "20",
"Name": "Accounting Standards Codification",
"Section": "55",
"Paragraph": "69C",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147481568/470-20-55-69C"
},
"r861": {
"role": "http://www.xbrl.org/2003/role/exampleRef",
"Topic": "470",
"SubTopic": "20",
"Name": "Accounting Standards Codification",
"Section": "55",
"Paragraph": "69E",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147481568/470-20-55-69E"
},
"r862": {
"role": "http://www.xbrl.org/2003/role/exampleRef",
"Topic": "470",
"SubTopic": "20",
"Name": "Accounting Standards Codification",
"Section": "55",
"Paragraph": "69F",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147481568/470-20-55-69F"
},
"r863": {
"role": "http://www.xbrl.org/2003/role/exampleRef",
"Topic": "505",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "13",
"Subparagraph": "(d)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147481112/505-10-50-13"
},
"r864": {
"role": "http://www.xbrl.org/2003/role/exampleRef",
"Topic": "606",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "55",
"Paragraph": "91",
"Subparagraph": "(b)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147479777/606-10-55-91"
},
"r865": {
"role": "http://www.xbrl.org/2003/role/exampleRef",
"Topic": "715",
"SubTopic": "20",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "1",
"Subparagraph": "(d)(ii)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147480506/715-20-50-1"
},
"r866": {
"role": "http://www.xbrl.org/2003/role/exampleRef",
"Topic": "715",
"SubTopic": "20",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "1",
"Subparagraph": "(d)(iv)(01)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147480506/715-20-50-1"
},
"r867": {
"role": "http://www.xbrl.org/2003/role/exampleRef",
"Topic": "715",
"SubTopic": "20",
"Name": "Accounting Standards Codification",
"Section": "55",
"Paragraph": "17",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147480482/715-20-55-17"
},
"r868": {
"role": "http://www.xbrl.org/2003/role/exampleRef",
"Topic": "715",
"SubTopic": "20",
"Name": "Accounting Standards Codification",
"Section": "55",
"Paragraph": "18",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147480482/715-20-55-18"
},
"r869": {
"role": "http://www.xbrl.org/2003/role/exampleRef",
"Topic": "715",
"SubTopic": "80",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "6",
"Subparagraph": "(a)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147480576/715-80-50-6"
},
"r870": {
"role": "http://www.xbrl.org/2003/role/exampleRef",
"Topic": "715",
"SubTopic": "80",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "6",
"Subparagraph": "(b)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147480576/715-80-50-6"
},
"r871": {
"role": "http://www.xbrl.org/2003/role/exampleRef",
"Topic": "715",
"SubTopic": "80",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "6",
"Subparagraph": "(c)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147480576/715-80-50-6"
},
"r872": {
"role": "http://www.xbrl.org/2003/role/exampleRef",
"Topic": "715",
"SubTopic": "80",
"Name": "Accounting Standards Codification",
"Section": "55",
"Paragraph": "8",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147480547/715-80-55-8"
},
"r873": {
"role": "http://www.xbrl.org/2003/role/exampleRef",
"Topic": "718",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "2",
"Subparagraph": "(a)(1)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147480429/718-10-50-2"
},
"r874": {
"role": "http://www.xbrl.org/2003/role/exampleRef",
"Topic": "740",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "55",
"Paragraph": "231",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147482663/740-10-55-231"
},
"r875": {
"role": "http://www.xbrl.org/2003/role/exampleRef",
"Topic": "820",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "55",
"Paragraph": "100",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147482078/820-10-55-100"
},
"r876": {
"role": "http://www.xbrl.org/2003/role/exampleRef",
"Topic": "820",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "55",
"Paragraph": "100",
"Subparagraph": "(d)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147482078/820-10-55-100"
},
"r877": {
"role": "http://www.xbrl.org/2003/role/exampleRef",
"Topic": "820",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "55",
"Paragraph": "101",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147482078/820-10-55-101"
},
"r878": {
"role": "http://www.xbrl.org/2003/role/exampleRef",
"Topic": "820",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "55",
"Paragraph": "103",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147482078/820-10-55-103"
},
"r879": {
"role": "http://www.xbrl.org/2003/role/exampleRef",
"Topic": "820",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "55",
"Paragraph": "107",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147482078/820-10-55-107"
},
"r880": {
"role": "http://www.xbrl.org/2003/role/exampleRef",
"Topic": "820",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "55",
"Paragraph": "107",
"Subparagraph": "(a)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147482078/820-10-55-107"
},
"r881": {
"role": "http://www.xbrl.org/2003/role/exampleRef",
"Topic": "820",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "55",
"Paragraph": "107",
"Subparagraph": "(b)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147482078/820-10-55-107"
},
"r882": {
"role": "http://www.xbrl.org/2003/role/exampleRef",
"Topic": "820",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "55",
"Paragraph": "107",
"Subparagraph": "(c)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147482078/820-10-55-107"
},
"r883": {
"role": "http://www.xbrl.org/2003/role/exampleRef",
"Topic": "820",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "55",
"Paragraph": "107",
"Subparagraph": "(d)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147482078/820-10-55-107"
},
"r884": {
"role": "http://www.xbrl.org/2003/role/exampleRef",
"Topic": "820",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "55",
"Paragraph": "107",
"Subparagraph": "(e)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147482078/820-10-55-107"
},
"r885": {
"role": "http://www.xbrl.org/2003/role/exampleRef",
"Topic": "835",
"SubTopic": "30",
"Name": "Accounting Standards Codification",
"Section": "55",
"Paragraph": "8",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147482949/835-30-55-8"
},
"r886": {
"role": "http://www.xbrl.org/2003/role/exampleRef",
"Topic": "842",
"SubTopic": "20",
"Name": "Accounting Standards Codification",
"Section": "55",
"Paragraph": "53",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147479589/842-20-55-53"
},
"r887": {
"role": "http://www.xbrl.org/2003/role/exampleRef",
"Topic": "852",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "55",
"Paragraph": "10",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147481372/852-10-55-10"
},
"r888": {
"role": "http://www.xbrl.org/2003/role/exampleRef",
"Topic": "860",
"SubTopic": "30",
"Name": "Accounting Standards Codification",
"Section": "55",
"Paragraph": "4",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147481395/860-30-55-4"
},
"r889": {
"role": "http://www.xbrl.org/2003/role/exampleRef",
"Topic": "932",
"SubTopic": "235",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "17",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147477215/932-235-50-17"
},
"r890": {
"role": "http://www.xbrl.org/2003/role/exampleRef",
"Topic": "932",
"SubTopic": "235",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "21",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147477215/932-235-50-21"
},
"r891": {
"role": "http://www.xbrl.org/2003/role/exampleRef",
"Topic": "932",
"SubTopic": "235",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "29",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147477215/932-235-50-29"
},
"r892": {
"role": "http://www.xbrl.org/2003/role/exampleRef",
"Topic": "932",
"SubTopic": "235",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "3",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147477215/932-235-50-3"
},
"r893": {
"role": "http://www.xbrl.org/2003/role/exampleRef",
"Topic": "932",
"SubTopic": "235",
"Name": "Accounting Standards Codification",
"Section": "55",
"Paragraph": "2",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147477916/932-235-55-2"
},
"r894": {
"role": "http://www.xbrl.org/2003/role/exampleRef",
"Topic": "932",
"SubTopic": "235",
"Name": "Accounting Standards Codification",
"Section": "55",
"Paragraph": "4",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147477916/932-235-55-4"
},
"r895": {
"role": "http://www.xbrl.org/2003/role/exampleRef",
"Topic": "932",
"SubTopic": "235",
"Name": "Accounting Standards Codification",
"Section": "55",
"Paragraph": "5",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147477916/932-235-55-5"
},
"r896": {
"role": "http://www.xbrl.org/2003/role/exampleRef",
"Topic": "932",
"SubTopic": "235",
"Name": "Accounting Standards Codification",
"Section": "55",
"Paragraph": "6",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147477916/932-235-55-6"
},
"r897": {
"role": "http://www.xbrl.org/2003/role/exampleRef",
"Topic": "944",
"SubTopic": "40",
"Name": "Accounting Standards Codification",
"Section": "55",
"Paragraph": "29F",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147480046/944-40-55-29F"
},
"r898": {
"role": "http://www.xbrl.org/2003/role/exampleRef",
"Topic": "944",
"SubTopic": "40",
"Name": "Accounting Standards Codification",
"Section": "55",
"Paragraph": "9C",
"Subparagraph": "(b)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147480046/944-40-55-9C"
},
"r899": {
"role": "http://www.xbrl.org/2003/role/exampleRef",
"Topic": "944",
"SubTopic": "40",
"Name": "Accounting Standards Codification",
"Section": "55",
"Paragraph": "9C",
"Subparagraph": "(c)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147480046/944-40-55-9C"
},
"r900": {
"role": "http://www.xbrl.org/2003/role/exampleRef",
"Topic": "946",
"SubTopic": "210",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "1",
"Subparagraph": "(b)(1)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147478795/946-210-50-1"
},
"r901": {
"role": "http://www.xbrl.org/2003/role/exampleRef",
"Topic": "946",
"SubTopic": "210",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "6",
"Subparagraph": "(a)(1)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147478795/946-210-50-6"
},
"r902": {
"role": "http://www.xbrl.org/2003/role/exampleRef",
"Topic": "946",
"SubTopic": "210",
"Name": "Accounting Standards Codification",
"Section": "55",
"Paragraph": "1",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147477439/946-210-55-1"
},
"r903": {
"role": "http://www.xbrl.org/2003/role/exampleRef",
"Topic": "946",
"SubTopic": "310",
"Name": "Accounting Standards Codification",
"Section": "45",
"Paragraph": "1",
"Subparagraph": "(d)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147477802/946-310-45-1"
},
"r904": {
"role": "http://www.xbrl.org/2003/role/exampleRef",
"Topic": "946",
"SubTopic": "320",
"Name": "Accounting Standards Codification",
"Section": "S99",
"Paragraph": "1",
"Subparagraph": "(SX 210.12-12(Column A)(Footnote 2)(i))",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147477271/946-320-S99-1"
},
"r905": {
"role": "http://www.xbrl.org/2003/role/exampleRef",
"Topic": "946",
"SubTopic": "320",
"Name": "Accounting Standards Codification",
"Section": "S99",
"Paragraph": "2",
"Subparagraph": "(SX 210.12-12A(Column A)(Footnote 2))",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147477271/946-320-S99-2"
},
"r906": {
"role": "http://www.xbrl.org/2003/role/exampleRef",
"Topic": "946",
"SubTopic": "320",
"Name": "Accounting Standards Codification",
"Section": "S99",
"Paragraph": "3",
"Subparagraph": "(SX 210.12-12B(Column A)(Footnote 1)(a))",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147477271/946-320-S99-3"
},
"r907": {
"role": "http://www.xbrl.org/2003/role/exampleRef",
"Topic": "946",
"SubTopic": "320",
"Name": "Accounting Standards Codification",
"Section": "S99",
"Paragraph": "6",
"Subparagraph": "(SX 210.12-14(Column A)(Footnote 2))",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147477271/946-320-S99-6"
},
"r908": {
"role": "http://www.xbrl.org/2003/role/exampleRef",
"Topic": "946",
"SubTopic": "830",
"Name": "Accounting Standards Codification",
"Section": "55",
"Paragraph": "10",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147479168/946-830-55-10"
},
"r909": {
"role": "http://www.xbrl.org/2003/role/exampleRef",
"Topic": "946",
"SubTopic": "830",
"Name": "Accounting Standards Codification",
"Section": "55",
"Paragraph": "12",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147479168/946-830-55-12"
},
"r910": {
"role": "http://www.xbrl.org/2003/role/presentationRef",
"Publisher": "SEC",
"Name": "Exchange Act",
"Number": "240",
"Section": "12",
"Subsection": "b"
},
"r911": {
"role": "http://www.xbrl.org/2003/role/presentationRef",
"Publisher": "SEC",
"Name": "Exchange Act",
"Number": "240",
"Section": "12",
"Subsection": "b-2"
},
"r912": {
"role": "http://www.xbrl.org/2003/role/presentationRef",
"Publisher": "SEC",
"Name": "Exchange Act",
"Number": "240",
"Section": "12",
"Subsection": "d1-1"
},
"r913": {
"role": "http://www.xbrl.org/2003/role/presentationRef",
"Publisher": "SEC",
"Name": "Form 10-Q",
"Number": "240",
"Section": "308",
"Subsection": "a"
},
"r914": {
"role": "http://www.xbrl.org/2003/role/presentationRef",
"Publisher": "SEC",
"Name": "Form 20-F",
"Section": "16",
"Subsection": "J",
"Paragraph": "a"
},
"r915": {
"role": "http://www.xbrl.org/2003/role/presentationRef",
"Publisher": "SEC",
"Name": "Form 20-F",
"Section": "6",
"Subsection": "F",
"Paragraph": "1"
},
"r916": {
"role": "http://www.xbrl.org/2003/role/presentationRef",
"Publisher": "SEC",
"Name": "Form 20-F",
"Section": "6",
"Subsection": "F",
"Paragraph": "1",
"Subparagraph": "i"
},
"r917": {
"role": "http://www.xbrl.org/2003/role/presentationRef",
"Publisher": "SEC",
"Name": "Form 20-F",
"Section": "6",
"Subsection": "F",
"Paragraph": "1",
"Subparagraph": "i",
"Sentence": "A"
},
"r918": {
"role": "http://www.xbrl.org/2003/role/presentationRef",
"Publisher": "SEC",
"Name": "Form 20-F",
"Section": "6",
"Subsection": "F",
"Paragraph": "1",
"Subparagraph": "i",
"Sentence": "B"
},
"r919": {
"role": "http://www.xbrl.org/2003/role/presentationRef",
"Publisher": "SEC",
"Name": "Form 20-F",
"Section": "6",
"Subsection": "F",
"Paragraph": "1",
"Subparagraph": "i",
"Sentence": "C"
},
"r920": {
"role": "http://www.xbrl.org/2003/role/presentationRef",
"Publisher": "SEC",
"Name": "Form 20-F",
"Section": "6",
"Subsection": "F",
"Paragraph": "1",
"Subparagraph": "i",
"Sentence": "D"
},
"r921": {
"role": "http://www.xbrl.org/2003/role/presentationRef",
"Publisher": "SEC",
"Name": "Form 20-F",
"Section": "6",
"Subsection": "F",
"Paragraph": "1",
"Subparagraph": "i",
"Sentence": "E"
},
"r922": {
"role": "http://www.xbrl.org/2003/role/presentationRef",
"Publisher": "SEC",
"Name": "Form 20-F",
"Section": "6",
"Subsection": "F",
"Paragraph": "1",
"Subparagraph": "ii"
},
"r923": {
"role": "http://www.xbrl.org/2003/role/presentationRef",
"Publisher": "SEC",
"Name": "Form 20-F",
"Section": "6",
"Subsection": "F",
"Paragraph": "1",
"Subparagraph": "iii"
},
"r924": {
"role": "http://www.xbrl.org/2003/role/presentationRef",
"Publisher": "SEC",
"Name": "Form 20-F",
"Section": "6",
"Subsection": "F",
"Paragraph": "2"
},
"r925": {
"role": "http://www.xbrl.org/2003/role/presentationRef",
"Publisher": "SEC",
"Name": "Form 40-F",
"Section": "19",
"Paragraph": "a"
},
"r926": {
"role": "http://www.xbrl.org/2003/role/presentationRef",
"Publisher": "SEC",
"Name": "Form 40-F",
"Section": "19",
"Paragraph": "a",
"Subparagraph": "1"
},
"r927": {
"role": "http://www.xbrl.org/2003/role/presentationRef",
"Publisher": "SEC",
"Name": "Form 40-F",
"Section": "19",
"Paragraph": "a",
"Subparagraph": "1",
"Sentence": "i"
},
"r928": {
"role": "http://www.xbrl.org/2003/role/presentationRef",
"Publisher": "SEC",
"Name": "Form 40-F",
"Section": "19",
"Paragraph": "a",
"Subparagraph": "1",
"Sentence": "ii"
},
"r929": {
"role": "http://www.xbrl.org/2003/role/presentationRef",
"Publisher": "SEC",
"Name": "Form 40-F",
"Section": "19",
"Paragraph": "a",
"Subparagraph": "1",
"Sentence": "iii"
},
"r930": {
"role": "http://www.xbrl.org/2003/role/presentationRef",
"Publisher": "SEC",
"Name": "Form 40-F",
"Section": "19",
"Paragraph": "a",
"Subparagraph": "1",
"Sentence": "iv"
},
"r931": {
"role": "http://www.xbrl.org/2003/role/presentationRef",
"Publisher": "SEC",
"Name": "Form 40-F",
"Section": "19",
"Paragraph": "a",
"Subparagraph": "1",
"Sentence": "v"
},
"r932": {
"role": "http://www.xbrl.org/2003/role/presentationRef",
"Publisher": "SEC",
"Name": "Form 40-F",
"Section": "19",
"Paragraph": "a",
"Subparagraph": "2"
},
"r933": {
"role": "http://www.xbrl.org/2003/role/presentationRef",
"Publisher": "SEC",
"Name": "Form 40-F",
"Section": "19",
"Paragraph": "a",
"Subparagraph": "3"
},
"r934": {
"role": "http://www.xbrl.org/2003/role/presentationRef",
"Publisher": "SEC",
"Name": "Form 40-F",
"Section": "19",
"Paragraph": "b"
},
"r935": {
"role": "http://www.xbrl.org/2003/role/presentationRef",
"Publisher": "SEC",
"Name": "Form N-CSR",
"Section": "18",
"Paragraph": "a"
},
"r936": {
"role": "http://www.xbrl.org/2003/role/presentationRef",
"Publisher": "SEC",
"Name": "Form N-CSR",
"Section": "18",
"Paragraph": "a",
"Subparagraph": "1"
},
"r937": {
"role": "http://www.xbrl.org/2003/role/presentationRef",
"Publisher": "SEC",
"Name": "Form N-CSR",
"Section": "18",
"Paragraph": "a",
"Subparagraph": "1",
"Sentence": "i"
},
"r938": {
"role": "http://www.xbrl.org/2003/role/presentationRef",
"Publisher": "SEC",
"Name": "Form N-CSR",
"Section": "18",
"Paragraph": "a",
"Subparagraph": "1",
"Sentence": "ii"
},
"r939": {
"role": "http://www.xbrl.org/2003/role/presentationRef",
"Publisher": "SEC",
"Name": "Form N-CSR",
"Section": "18",
"Paragraph": "a",
"Subparagraph": "1",
"Sentence": "iii"
},
"r940": {
"role": "http://www.xbrl.org/2003/role/presentationRef",
"Publisher": "SEC",
"Name": "Form N-CSR",
"Section": "18",
"Paragraph": "a",
"Subparagraph": "1",
"Sentence": "iv"
},
"r941": {
"role": "http://www.xbrl.org/2003/role/presentationRef",
"Publisher": "SEC",
"Name": "Form N-CSR",
"Section": "18",
"Paragraph": "a",
"Subparagraph": "1",
"Sentence": "v"
},
"r942": {
"role": "http://www.xbrl.org/2003/role/presentationRef",
"Publisher": "SEC",
"Name": "Form N-CSR",
"Section": "18",
"Paragraph": "a",
"Subparagraph": "2"
},
"r943": {
"role": "http://www.xbrl.org/2003/role/presentationRef",
"Publisher": "SEC",
"Name": "Form N-CSR",
"Section": "18",
"Paragraph": "a",
"Subparagraph": "3"
},
"r944": {
"role": "http://www.xbrl.org/2003/role/presentationRef",
"Publisher": "SEC",
"Name": "Form N-CSR",
"Section": "18",
"Paragraph": "b"
},
"r945": {
"role": "http://www.xbrl.org/2003/role/presentationRef",
"Publisher": "SEC",
"Name": "Forms 10-K, 10-Q, 20-F",
"Number": "240",
"Section": "13",
"Subsection": "a-1"
},
"r946": {
"role": "http://www.xbrl.org/2003/role/presentationRef",
"Publisher": "SEC",
"Name": "Regulation S-K",
"Number": "229",
"Section": "402",
"Subsection": "v"
},
"r947": {
"role": "http://www.xbrl.org/2003/role/presentationRef",
"Publisher": "SEC",
"Name": "Regulation S-K",
"Number": "229",
"Section": "402",
"Subsection": "v",
"Paragraph": "1"
},
"r948": {
"role": "http://www.xbrl.org/2003/role/presentationRef",
"Publisher": "SEC",
"Name": "Regulation S-K",
"Number": "229",
"Section": "402",
"Subsection": "v",
"Paragraph": "2",
"Subparagraph": "ii"
},
"r949": {
"role": "http://www.xbrl.org/2003/role/presentationRef",
"Publisher": "SEC",
"Name": "Regulation S-K",
"Number": "229",
"Section": "402",
"Subsection": "v",
"Paragraph": "2",
"Subparagraph": "iii"
},
"r950": {
"role": "http://www.xbrl.org/2003/role/presentationRef",
"Publisher": "SEC",
"Name": "Regulation S-K",
"Number": "229",
"Section": "402",
"Subsection": "v",
"Paragraph": "2",
"Subparagraph": "iii",
"Sentence": "B",
"Clause": "1",
"Subclause": "ii"
},
"r951": {
"role": "http://www.xbrl.org/2003/role/presentationRef",
"Publisher": "SEC",
"Name": "Regulation S-K",
"Number": "229",
"Section": "402",
"Subsection": "v",
"Paragraph": "2",
"Subparagraph": "iii",
"Sentence": "C",
"Clause": "1",
"Subclause": "i"
},
"r952": {
"role": "http://www.xbrl.org/2003/role/presentationRef",
"Publisher": "SEC",
"Name": "Regulation S-K",
"Number": "229",
"Section": "402",
"Subsection": "v",
"Paragraph": "2",
"Subparagraph": "iii",
"Sentence": "C",
"Clause": "1",
"Subclause": "ii"
},
"r953": {
"role": "http://www.xbrl.org/2003/role/presentationRef",
"Publisher": "SEC",
"Name": "Regulation S-K",
"Number": "229",
"Section": "402",
"Subsection": "v",
"Paragraph": "2",
"Subparagraph": "iii",
"Sentence": "C",
"Clause": "1",
"Subclause": "iii"
},
"r954": {
"role": "http://www.xbrl.org/2003/role/presentationRef",
"Publisher": "SEC",
"Name": "Regulation S-K",
"Number": "229",
"Section": "402",
"Subsection": "v",
"Paragraph": "2",
"Subparagraph": "iii",
"Sentence": "C",
"Clause": "1",
"Subclause": "iv"
},
"r955": {
"role": "http://www.xbrl.org/2003/role/presentationRef",
"Publisher": "SEC",
"Name": "Regulation S-K",
"Number": "229",
"Section": "402",
"Subsection": "v",
"Paragraph": "2",
"Subparagraph": "iii",
"Sentence": "C",
"Clause": "1",
"Subclause": "v"
},
"r956": {
"role": "http://www.xbrl.org/2003/role/presentationRef",
"Publisher": "SEC",
"Name": "Regulation S-K",
"Number": "229",
"Section": "402",
"Subsection": "v",
"Paragraph": "2",
"Subparagraph": "iii",
"Sentence": "C",
"Clause": "1",
"Subclause": "vi"
},
"r957": {
"role": "http://www.xbrl.org/2003/role/presentationRef",
"Publisher": "SEC",
"Name": "Regulation S-K",
"Number": "229",
"Section": "402",
"Subsection": "v",
"Paragraph": "2",
"Subparagraph": "iv"
},
"r958": {
"role": "http://www.xbrl.org/2003/role/presentationRef",
"Publisher": "SEC",
"Name": "Regulation S-K",
"Number": "229",
"Section": "402",
"Subsection": "v",
"Paragraph": "2",
"Subparagraph": "vi"
},
"r959": {
"role": "http://www.xbrl.org/2003/role/presentationRef",
"Publisher": "SEC",
"Name": "Regulation S-K",
"Number": "229",
"Section": "402",
"Subsection": "v",
"Paragraph": "3"
},
"r960": {
"role": "http://www.xbrl.org/2003/role/presentationRef",
"Publisher": "SEC",
"Name": "Regulation S-K",
"Number": "229",
"Section": "402",
"Subsection": "v",
"Paragraph": "4"
},
"r961": {
"role": "http://www.xbrl.org/2003/role/presentationRef",
"Publisher": "SEC",
"Name": "Regulation S-K",
"Number": "229",
"Section": "402",
"Subsection": "v",
"Paragraph": "5",
"Subparagraph": "i"
},
"r962": {
"role": "http://www.xbrl.org/2003/role/presentationRef",
"Publisher": "SEC",
"Name": "Regulation S-K",
"Number": "229",
"Section": "402",
"Subsection": "v",
"Paragraph": "5",
"Subparagraph": "ii"
},
"r963": {
"role": "http://www.xbrl.org/2003/role/presentationRef",
"Publisher": "SEC",
"Name": "Regulation S-K",
"Number": "229",
"Section": "402",
"Subsection": "v",
"Paragraph": "5",
"Subparagraph": "iii"
},
"r964": {
"role": "http://www.xbrl.org/2003/role/presentationRef",
"Publisher": "SEC",
"Name": "Regulation S-K",
"Number": "229",
"Section": "402",
"Subsection": "v",
"Paragraph": "5",
"Subparagraph": "iv"
},
"r965": {
"role": "http://www.xbrl.org/2003/role/presentationRef",
"Publisher": "SEC",
"Name": "Regulation S-K",
"Number": "229",
"Section": "402",
"Subsection": "v",
"Paragraph": "6"
},
"r966": {
"role": "http://www.xbrl.org/2003/role/presentationRef",
"Publisher": "SEC",
"Name": "Regulation S-K",
"Number": "229",
"Section": "402",
"Subsection": "v",
"Paragraph": "6",
"Subparagraph": "i"
},
"r967": {
"role": "http://www.xbrl.org/2003/role/presentationRef",
"Publisher": "SEC",
"Name": "Regulation S-K",
"Number": "229",
"Section": "402",
"Subsection": "w",
"Paragraph": "1"
},
"r968": {
"role": "http://www.xbrl.org/2003/role/presentationRef",
"Publisher": "SEC",
"Name": "Regulation S-K",
"Number": "229",
"Section": "402",
"Subsection": "w",
"Paragraph": "1",
"Subparagraph": "i"
},
"r969": {
"role": "http://www.xbrl.org/2003/role/presentationRef",
"Publisher": "SEC",
"Name": "Regulation S-K",
"Number": "229",
"Section": "402",
"Subsection": "w",
"Paragraph": "1",
"Subparagraph": "i",
"Sentence": "A"
},
"r970": {
"role": "http://www.xbrl.org/2003/role/presentationRef",
"Publisher": "SEC",
"Name": "Regulation S-K",
"Number": "229",
"Section": "402",
"Subsection": "w",
"Paragraph": "1",
"Subparagraph": "i",
"Sentence": "B"
},
"r971": {
"role": "http://www.xbrl.org/2003/role/presentationRef",
"Publisher": "SEC",
"Name": "Regulation S-K",
"Number": "229",
"Section": "402",
"Subsection": "w",
"Paragraph": "1",
"Subparagraph": "i",
"Sentence": "C"
},
"r972": {
"role": "http://www.xbrl.org/2003/role/presentationRef",
"Publisher": "SEC",
"Name": "Regulation S-K",
"Number": "229",
"Section": "402",
"Subsection": "w",
"Paragraph": "1",
"Subparagraph": "i",
"Sentence": "D"
},
"r973": {
"role": "http://www.xbrl.org/2003/role/presentationRef",
"Publisher": "SEC",
"Name": "Regulation S-K",
"Number": "229",
"Section": "402",
"Subsection": "w",
"Paragraph": "1",
"Subparagraph": "i",
"Sentence": "E"
},
"r974": {
"role": "http://www.xbrl.org/2003/role/presentationRef",
"Publisher": "SEC",
"Name": "Regulation S-K",
"Number": "229",
"Section": "402",
"Subsection": "w",
"Paragraph": "1",
"Subparagraph": "ii"
},
"r975": {
"role": "http://www.xbrl.org/2003/role/presentationRef",
"Publisher": "SEC",
"Name": "Regulation S-K",
"Number": "229",
"Section": "402",
"Subsection": "w",
"Paragraph": "1",
"Subparagraph": "iii"
},
"r976": {
"role": "http://www.xbrl.org/2003/role/presentationRef",
"Publisher": "SEC",
"Name": "Regulation S-K",
"Number": "229",
"Section": "402",
"Subsection": "w",
"Paragraph": "2"
},
"r977": {
"role": "http://www.xbrl.org/2003/role/presentationRef",
"Publisher": "SEC",
"Name": "Regulation S-K",
"Number": "229",
"Section": "402",
"Subsection": "x",
"Paragraph": "1"
},
"r978": {
"role": "http://www.xbrl.org/2003/role/presentationRef",
"Publisher": "SEC",
"Name": "Regulation S-K",
"Number": "229",
"Section": "402",
"Subsection": "x",
"Paragraph": "2"
},
"r979": {
"role": "http://www.xbrl.org/2003/role/presentationRef",
"Publisher": "SEC",
"Name": "Regulation S-K",
"Number": "229",
"Section": "402",
"Subsection": "x",
"Paragraph": "2",
"Subparagraph": "ii",
"Sentence": "A"
},
"r980": {
"role": "http://www.xbrl.org/2003/role/presentationRef",
"Publisher": "SEC",
"Name": "Regulation S-K",
"Number": "229",
"Section": "402",
"Subsection": "x",
"Paragraph": "2",
"Subparagraph": "ii",
"Sentence": "C"
},
"r981": {
"role": "http://www.xbrl.org/2003/role/presentationRef",
"Publisher": "SEC",
"Name": "Regulation S-K",
"Number": "229",
"Section": "402",
"Subsection": "x",
"Paragraph": "2",
"Subparagraph": "ii",
"Sentence": "D"
},
"r982": {
"role": "http://www.xbrl.org/2003/role/presentationRef",
"Publisher": "SEC",
"Name": "Regulation S-K",
"Number": "229",
"Section": "402",
"Subsection": "x",
"Paragraph": "2",
"Subparagraph": "ii",
"Sentence": "E"
},
"r983": {
"role": "http://www.xbrl.org/2003/role/presentationRef",
"Publisher": "SEC",
"Name": "Regulation S-K",
"Number": "229",
"Section": "402",
"Subsection": "x",
"Paragraph": "2",
"Subparagraph": "ii",
"Sentence": "F"
},
"r984": {
"role": "http://www.xbrl.org/2003/role/presentationRef",
"Publisher": "SEC",
"Name": "Regulation S-K",
"Number": "229",
"Section": "408",
"Subsection": "a"
},
"r985": {
"role": "http://www.xbrl.org/2003/role/presentationRef",
"Publisher": "SEC",
"Name": "Regulation S-K",
"Number": "229",
"Section": "408",
"Subsection": "a",
"Paragraph": "1"
},
"r986": {
"role": "http://www.xbrl.org/2003/role/presentationRef",
"Publisher": "SEC",
"Name": "Regulation S-K",
"Number": "229",
"Section": "408",
"Subsection": "a",
"Paragraph": "2",
"Subparagraph": "A"
},
"r987": {
"role": "http://www.xbrl.org/2003/role/presentationRef",
"Publisher": "SEC",
"Name": "Regulation S-K",
"Number": "229",
"Section": "408",
"Subsection": "a",
"Paragraph": "2",
"Subparagraph": "B"
},
"r988": {
"role": "http://www.xbrl.org/2003/role/presentationRef",
"Publisher": "SEC",
"Name": "Regulation S-K",
"Number": "229",
"Section": "408",
"Subsection": "a",
"Paragraph": "2",
"Subparagraph": "C"
},
"r989": {
"role": "http://www.xbrl.org/2003/role/presentationRef",
"Publisher": "SEC",
"Name": "Regulation S-K",
"Number": "229",
"Section": "408",
"Subsection": "a",
"Paragraph": "2",
"Subparagraph": "D"
},
"r990": {
"role": "http://www.xbrl.org/2003/role/presentationRef",
"Publisher": "SEC",
"Name": "Regulation S-K",
"Number": "229",
"Section": "408",
"Subsection": "b",
"Paragraph": "1"
},
"r991": {
"role": "http://www.xbrl.org/2003/role/presentationRef",
"Publisher": "SEC",
"Name": "Regulation S-K",
"Section": "402",
"Number": "229",
"Subsection": "v",
"Paragraph": "2",
"Subparagraph": "iii",
"Sentence": "C",
"Clause": "1"
},
"r992": {
"role": "http://www.xbrl.org/2003/role/presentationRef",
"Publisher": "SEC",
"Name": "Regulation S-K",
"Section": "402",
"Subsection": "v",
"Paragraph": "2",
"Subparagraph": "iii",
"Sentence": "A",
"Number": "229"
},
"r993": {
"role": "http://www.xbrl.org/2003/role/presentationRef",
"Publisher": "SEC",
"Name": "Regulation S-K",
"Section": "402",
"Subsection": "v",
"Paragraph": "2",
"Subparagraph": "iii",
"Sentence": "B",
"Clause": "1",
"Number": "229"
},
"r994": {
"role": "http://www.xbrl.org/2003/role/presentationRef",
"Publisher": "SEC",
"Name": "Regulation S-K",
"Section": "402",
"Subsection": "v",
"Paragraph": "2",
"Subparagraph": "iii",
"Sentence": "B",
"Clause": "1",
"Subclause": "i",
"Number": "229"
},
"r995": {
"role": "http://www.xbrl.org/2003/role/presentationRef",
"Publisher": "SEC",
"Name": "Regulation S-T",
"Number": "232",
"Section": "405"
},
"r996": {
"role": "http://www.xbrl.org/2003/role/recommendedDisclosureRef",
"Topic": "230",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "45",
"Paragraph": "28",
"Subparagraph": "(b)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147482740/230-10-45-28"
},
"r997": {
"role": "http://www.xbrl.org/2009/role/commonPracticeRef",
"Name": "Accounting Standards Codification",
"Topic": "705",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/705/tableOfContent"
},
"r998": {
"role": "http://www.xbrl.org/2009/role/commonPracticeRef",
"Name": "Regulation S-K (SK)",
"Number": "229",
"Section": "1402",
"Paragraph": "a",
"Publisher": "SEC"
},
"r999": {
"role": "http://www.xbrl.org/2009/role/commonPracticeRef",
"Name": "Regulation S-K (SK)",
"Number": "229",
"Section": "1402",
"Paragraph": "b",
"Subparagraph": "(1)",
"Publisher": "SEC"
},
"r1000": {
"role": "http://www.xbrl.org/2009/role/commonPracticeRef",
"Name": "Regulation S-K (SK)",
"Number": "229",
"Section": "1402",
"Paragraph": "b",
"Subparagraph": "(2)",
"Publisher": "SEC"
},
"r1001": {
"role": "http://www.xbrl.org/2009/role/commonPracticeRef",
"Name": "Regulation S-K (SK)",
"Number": "229",
"Section": "1402",
"Paragraph": "b",
"Subparagraph": "(3)",
"Publisher": "SEC"
},
"r1002": {
"role": "http://www.xbrl.org/2009/role/commonPracticeRef",
"Name": "Regulation S-K (SK)",
"Number": "229",
"Section": "1402",
"Paragraph": "c",
"Subparagraph": "(2)(i)",
"Publisher": "SEC"
},
"r1003": {
"role": "http://www.xbrl.org/2009/role/commonPracticeRef",
"Name": "Regulation S-K (SK)",
"Number": "229",
"Section": "1402",
"Paragraph": "c",
"Subparagraph": "(2)(ii)",
"Publisher": "SEC"
},
"r1004": {
"role": "http://www.xbrl.org/2009/role/commonPracticeRef",
"Name": "Regulation S-K (SK)",
"Number": "229",
"Section": "1402",
"Paragraph": "c",
"Subparagraph": "(2)(iii)",
"Publisher": "SEC"
},
"r1005": {
"role": "http://www.xbrl.org/2009/role/commonPracticeRef",
"Name": "Regulation S-X (SX)",
"Number": "210",
"Section": "12",
"Subsection": "12",
"Paragraph": "Column A",
"Subparagraph": "(ii)",
"Footnote": "2",
"Publisher": "SEC"
},
"r1006": {
"role": "http://www.xbrl.org/2009/role/commonPracticeRef",
"Name": "Regulation S-X (SX)",
"Number": "210",
"Section": "12",
"Subsection": "12A",
"Paragraph": "Column A",
"Footnote": "2",
"Publisher": "SEC"
},
"r1007": {
"role": "http://www.xbrl.org/2009/role/commonPracticeRef",
"Name": "Regulation S-X (SX)",
"Number": "210",
"Section": "12",
"Subsection": "12B",
"Paragraph": "Column A",
"Subparagraph": "(b)",
"Footnote": "1",
"Publisher": "SEC"
},
"r1008": {
"role": "http://www.xbrl.org/2009/role/commonPracticeRef",
"Name": "Regulation S-X (SX)",
"Number": "210",
"Section": "12",
"Subsection": "14",
"Paragraph": "Column A",
"Footnote": "2",
"Publisher": "SEC"
},
"r1009": {
"role": "http://www.xbrl.org/2009/role/commonPracticeRef",
"Name": "Regulation S-X (SX)",
"Number": "210",
"Section": "13",
"Subsection": "01",
"Paragraph": "a",
"Subparagraph": "(4)(ii)",
"Publisher": "SEC"
},
"r1010": {
"role": "http://www.xbrl.org/2009/role/commonPracticeRef",
"Name": "Regulation S-X (SX)",
"Number": "210",
"Section": "13",
"Subsection": "01",
"Paragraph": "a",
"Subparagraph": "(4)(iii)",
"Publisher": "SEC"
},
"r1011": {
"role": "http://www.xbrl.org/2009/role/commonPracticeRef",
"Topic": "210",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "S99",
"Paragraph": "1",
"Subparagraph": "(SX 210.5-02(1))",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147480566/210-10-S99-1"
},
"r1012": {
"role": "http://www.xbrl.org/2009/role/commonPracticeRef",
"Topic": "210",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "S99",
"Paragraph": "1",
"Subparagraph": "(SX 210.5-02(17))",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147480566/210-10-S99-1"
},
"r1013": {
"role": "http://www.xbrl.org/2009/role/commonPracticeRef",
"Topic": "210",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "S99",
"Paragraph": "1",
"Subparagraph": "(SX 210.5-02(2))",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147480566/210-10-S99-1"
},
"r1014": {
"role": "http://www.xbrl.org/2009/role/commonPracticeRef",
"Topic": "210",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "S99",
"Paragraph": "1",
"Subparagraph": "(SX 210.5-02(20))",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147480566/210-10-S99-1"
},
"r1015": {
"role": "http://www.xbrl.org/2009/role/commonPracticeRef",
"Topic": "210",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "S99",
"Paragraph": "1",
"Subparagraph": "(SX 210.5-02(3)(a)(4))",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147480566/210-10-S99-1"
},
"r1016": {
"role": "http://www.xbrl.org/2009/role/commonPracticeRef",
"Topic": "220",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "4",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147482765/220-10-50-4"
},
"r1017": {
"role": "http://www.xbrl.org/2009/role/commonPracticeRef",
"Topic": "220",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "5",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147482765/220-10-50-5"
},
"r1018": {
"role": "http://www.xbrl.org/2009/role/commonPracticeRef",
"Topic": "220",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "6",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147482765/220-10-50-6"
},
"r1019": {
"role": "http://www.xbrl.org/2009/role/commonPracticeRef",
"Topic": "220",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "S99",
"Paragraph": "2",
"Subparagraph": "(SX 210.5-03(4))",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147483621/220-10-S99-2"
},
"r1020": {
"role": "http://www.xbrl.org/2009/role/commonPracticeRef",
"Topic": "220",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "S99",
"Paragraph": "2",
"Subparagraph": "(SX 210.5-03)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147483621/220-10-S99-2"
},
"r1021": {
"role": "http://www.xbrl.org/2009/role/commonPracticeRef",
"Topic": "230",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "45",
"Paragraph": "17",
"Subparagraph": "(f)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147482740/230-10-45-17"
},
"r1022": {
"role": "http://www.xbrl.org/2009/role/commonPracticeRef",
"Topic": "230",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "45",
"Paragraph": "28",
"Subparagraph": "(a)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147482740/230-10-45-28"
},
"r1023": {
"role": "http://www.xbrl.org/2009/role/commonPracticeRef",
"Topic": "230",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "45",
"Paragraph": "28",
"Subparagraph": "(b)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147482740/230-10-45-28"
},
"r1024": {
"role": "http://www.xbrl.org/2009/role/commonPracticeRef",
"Topic": "230",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "8",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147482913/230-10-50-8"
},
"r1025": {
"role": "http://www.xbrl.org/2009/role/commonPracticeRef",
"Topic": "235",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "S99",
"Paragraph": "1",
"Subparagraph": "(SX 210.4-08(f))",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147480678/235-10-S99-1"
},
"r1026": {
"role": "http://www.xbrl.org/2009/role/commonPracticeRef",
"Topic": "235",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "S99",
"Paragraph": "1",
"Subparagraph": "(SX 210.4-08(g)(1)(ii))",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147480678/235-10-S99-1"
},
"r1027": {
"role": "http://www.xbrl.org/2009/role/commonPracticeRef",
"Topic": "250",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "45",
"Paragraph": "23",
"Subparagraph": "(b)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147483421/250-10-45-23"
},
"r1028": {
"role": "http://www.xbrl.org/2009/role/commonPracticeRef",
"Topic": "250",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "45",
"Paragraph": "24",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147483421/250-10-45-24"
},
"r1029": {
"role": "http://www.xbrl.org/2009/role/commonPracticeRef",
"Topic": "250",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "45",
"Paragraph": "5",
"Subparagraph": "(b)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147483421/250-10-45-5"
},
"r1030": {
"role": "http://www.xbrl.org/2009/role/commonPracticeRef",
"Topic": "250",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "6",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147483443/250-10-50-6"
},
"r1031": {
"role": "http://www.xbrl.org/2009/role/commonPracticeRef",
"Topic": "260",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "1",
"Subparagraph": "(a)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147482662/260-10-50-1"
},
"r1032": {
"role": "http://www.xbrl.org/2009/role/commonPracticeRef",
"Topic": "270",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "1",
"Subparagraph": "(i)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147482964/270-10-50-1"
},
"r1033": {
"role": "http://www.xbrl.org/2009/role/commonPracticeRef",
"Topic": "280",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "18",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147482810/280-10-50-18"
},
"r1034": {
"role": "http://www.xbrl.org/2009/role/commonPracticeRef",
"Topic": "280",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "22",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147482810/280-10-50-22"
},
"r1035": {
"role": "http://www.xbrl.org/2009/role/commonPracticeRef",
"Topic": "280",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "30",
"Subparagraph": "(a)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147482810/280-10-50-30"
},
"r1036": {
"role": "http://www.xbrl.org/2009/role/commonPracticeRef",
"Topic": "280",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "30",
"Subparagraph": "(b)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147482810/280-10-50-30"
},
"r1037": {
"role": "http://www.xbrl.org/2009/role/commonPracticeRef",
"Topic": "280",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "32",
"Subparagraph": "(ee)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147482810/280-10-50-32"
},
"r1038": {
"role": "http://www.xbrl.org/2009/role/commonPracticeRef",
"Topic": "280",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "32",
"Subparagraph": "(f)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147482810/280-10-50-32"
},
"r1039": {
"role": "http://www.xbrl.org/2009/role/commonPracticeRef",
"Topic": "310",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/310-10/tableOfContent"
},
"r1040": {
"role": "http://www.xbrl.org/2009/role/commonPracticeRef",
"Topic": "310",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "45",
"Paragraph": "13",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147481990/310-10-45-13"
},
"r1041": {
"role": "http://www.xbrl.org/2009/role/commonPracticeRef",
"Topic": "310",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "45",
"Paragraph": "2",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147481990/310-10-45-2"
},
"r1042": {
"role": "http://www.xbrl.org/2009/role/commonPracticeRef",
"Topic": "320",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "9",
"Subparagraph": "(a)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147481800/320-10-50-9"
},
"r1043": {
"role": "http://www.xbrl.org/2009/role/commonPracticeRef",
"Topic": "321",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "3",
"Subparagraph": "(a)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147479536/321-10-50-3"
},
"r1044": {
"role": "http://www.xbrl.org/2009/role/commonPracticeRef",
"Topic": "321",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "3",
"Subparagraph": "(b)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147479536/321-10-50-3"
},
"r1045": {
"role": "http://www.xbrl.org/2009/role/commonPracticeRef",
"Topic": "321",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "3",
"Subparagraph": "(c)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147479536/321-10-50-3"
},
"r1046": {
"role": "http://www.xbrl.org/2009/role/commonPracticeRef",
"Topic": "323",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "3",
"Subparagraph": "(c)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147481687/323-10-50-3"
},
"r1047": {
"role": "http://www.xbrl.org/2009/role/commonPracticeRef",
"Topic": "326",
"SubTopic": "20",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "13",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147479319/326-20-50-13"
},
"r1048": {
"role": "http://www.xbrl.org/2009/role/commonPracticeRef",
"Topic": "326",
"SubTopic": "30",
"Name": "Accounting Standards Codification",
"Section": "45",
"Paragraph": "1",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147479130/326-30-45-1"
},
"r1049": {
"role": "http://www.xbrl.org/2009/role/commonPracticeRef",
"Topic": "350",
"SubTopic": "20",
"Name": "Accounting Standards Codification",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/350-20/tableOfContent"
},
"r1050": {
"role": "http://www.xbrl.org/2009/role/commonPracticeRef",
"Topic": "350",
"SubTopic": "20",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "1",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147482573/350-20-50-1"
},
"r1051": {
"role": "http://www.xbrl.org/2009/role/commonPracticeRef",
"Topic": "350",
"SubTopic": "20",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "1",
"Subparagraph": "(a)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147482573/350-20-50-1"
},
"r1052": {
"role": "http://www.xbrl.org/2009/role/commonPracticeRef",
"Topic": "350",
"SubTopic": "20",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "1",
"Subparagraph": "(b)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147482573/350-20-50-1"
},
"r1053": {
"role": "http://www.xbrl.org/2009/role/commonPracticeRef",
"Topic": "350",
"SubTopic": "20",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "1",
"Subparagraph": "(c)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147482573/350-20-50-1"
},
"r1054": {
"role": "http://www.xbrl.org/2009/role/commonPracticeRef",
"Topic": "350",
"SubTopic": "20",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "1",
"Subparagraph": "(d)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147482573/350-20-50-1"
},
"r1055": {
"role": "http://www.xbrl.org/2009/role/commonPracticeRef",
"Topic": "350",
"SubTopic": "20",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "1",
"Subparagraph": "(e)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147482573/350-20-50-1"
},
"r1056": {
"role": "http://www.xbrl.org/2009/role/commonPracticeRef",
"Topic": "350",
"SubTopic": "20",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "1",
"Subparagraph": "(f)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147482573/350-20-50-1"
},
"r1057": {
"role": "http://www.xbrl.org/2009/role/commonPracticeRef",
"Topic": "350",
"SubTopic": "20",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "1",
"Subparagraph": "(g)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147482573/350-20-50-1"
},
"r1058": {
"role": "http://www.xbrl.org/2009/role/commonPracticeRef",
"Topic": "350",
"SubTopic": "20",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "1",
"Subparagraph": "(h)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147482573/350-20-50-1"
},
"r1059": {
"role": "http://www.xbrl.org/2009/role/commonPracticeRef",
"Topic": "350",
"SubTopic": "20",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "1A",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147482573/350-20-50-1A"
},
"r1060": {
"role": "http://www.xbrl.org/2009/role/commonPracticeRef",
"Topic": "350",
"SubTopic": "20",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "2",
"Subparagraph": "(b)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147482573/350-20-50-2"
},
"r1061": {
"role": "http://www.xbrl.org/2009/role/commonPracticeRef",
"Topic": "350",
"SubTopic": "30",
"Name": "Accounting Standards Codification",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/350-30/tableOfContent"
},
"r1062": {
"role": "http://www.xbrl.org/2009/role/commonPracticeRef",
"Topic": "350",
"SubTopic": "30",
"Name": "Accounting Standards Codification",
"Section": "45",
"Paragraph": "1",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147482686/350-30-45-1"
},
"r1063": {
"role": "http://www.xbrl.org/2009/role/commonPracticeRef",
"Topic": "350",
"SubTopic": "30",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "1",
"Subparagraph": "(a)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147482665/350-30-50-1"
},
"r1064": {
"role": "http://www.xbrl.org/2009/role/commonPracticeRef",
"Topic": "350",
"SubTopic": "30",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "1",
"Subparagraph": "(a)(1)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147482665/350-30-50-1"
},
"r1065": {
"role": "http://www.xbrl.org/2009/role/commonPracticeRef",
"Topic": "350",
"SubTopic": "30",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "1",
"Subparagraph": "(a)(2)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147482665/350-30-50-1"
},
"r1066": {
"role": "http://www.xbrl.org/2009/role/commonPracticeRef",
"Topic": "350",
"SubTopic": "30",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "1",
"Subparagraph": "(a)(3)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147482665/350-30-50-1"
},
"r1067": {
"role": "http://www.xbrl.org/2009/role/commonPracticeRef",
"Topic": "350",
"SubTopic": "30",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "1",
"Subparagraph": "(b)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147482665/350-30-50-1"
},
"r1068": {
"role": "http://www.xbrl.org/2009/role/commonPracticeRef",
"Topic": "350",
"SubTopic": "30",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "1",
"Subparagraph": "(d)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147482665/350-30-50-1"
},
"r1069": {
"role": "http://www.xbrl.org/2009/role/commonPracticeRef",
"Topic": "350",
"SubTopic": "30",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "2",
"Subparagraph": "(a)(1)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147482665/350-30-50-2"
},
"r1070": {
"role": "http://www.xbrl.org/2009/role/commonPracticeRef",
"Topic": "350",
"SubTopic": "30",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "2",
"Subparagraph": "(a)(3)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147482665/350-30-50-2"
},
"r1071": {
"role": "http://www.xbrl.org/2009/role/commonPracticeRef",
"Topic": "350",
"SubTopic": "30",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "2",
"Subparagraph": "(b)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147482665/350-30-50-2"
},
"r1072": {
"role": "http://www.xbrl.org/2009/role/commonPracticeRef",
"Topic": "350",
"SubTopic": "30",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "2",
"Subparagraph": "(d)(1)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147482665/350-30-50-2"
},
"r1073": {
"role": "http://www.xbrl.org/2009/role/commonPracticeRef",
"Topic": "350",
"SubTopic": "30",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "2",
"Subparagraph": "(d)(2)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147482665/350-30-50-2"
},
"r1074": {
"role": "http://www.xbrl.org/2009/role/commonPracticeRef",
"Topic": "405",
"Name": "Accounting Standards Codification",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/405/tableOfContent"
},
"r1075": {
"role": "http://www.xbrl.org/2009/role/commonPracticeRef",
"Topic": "405",
"SubTopic": "30",
"Name": "Accounting Standards Codification",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/405-30/tableOfContent"
},
"r1076": {
"role": "http://www.xbrl.org/2009/role/commonPracticeRef",
"Topic": "405",
"SubTopic": "40",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "1",
"Subparagraph": "(b)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147477092/405-40-50-1"
},
"r1077": {
"role": "http://www.xbrl.org/2009/role/commonPracticeRef",
"Topic": "405",
"SubTopic": "40",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "1",
"Subparagraph": "(c)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147477092/405-40-50-1"
},
"r1078": {
"role": "http://www.xbrl.org/2009/role/commonPracticeRef",
"Topic": "405",
"SubTopic": "40",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "1",
"Subparagraph": "(e)(2)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147477092/405-40-50-1"
},
"r1079": {
"role": "http://www.xbrl.org/2009/role/commonPracticeRef",
"Topic": "410",
"SubTopic": "30",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "10",
"Subparagraph": "(c)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147481931/410-30-50-10"
},
"r1080": {
"role": "http://www.xbrl.org/2009/role/commonPracticeRef",
"Topic": "420",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "45",
"Paragraph": "3",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147482047/420-10-45-3"
},
"r1081": {
"role": "http://www.xbrl.org/2009/role/commonPracticeRef",
"Topic": "420",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "1",
"Subparagraph": "(b)(2)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147482017/420-10-50-1"
},
"r1082": {
"role": "http://www.xbrl.org/2009/role/commonPracticeRef",
"Topic": "450",
"Name": "Accounting Standards Codification",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/450/tableOfContent"
},
"r1083": {
"role": "http://www.xbrl.org/2009/role/commonPracticeRef",
"Topic": "470",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "6",
"Subparagraph": "(a)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147481544/470-10-50-6"
},
"r1084": {
"role": "http://www.xbrl.org/2009/role/commonPracticeRef",
"Topic": "470",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "6",
"Subparagraph": "(b)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147481544/470-10-50-6"
},
"r1085": {
"role": "http://www.xbrl.org/2009/role/commonPracticeRef",
"Topic": "470",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "S99",
"Paragraph": "1A",
"Subparagraph": "(SX 210.13-01(a)(4)(ii))",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147480097/470-10-S99-1A"
},
"r1086": {
"role": "http://www.xbrl.org/2009/role/commonPracticeRef",
"Topic": "470",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "S99",
"Paragraph": "1A",
"Subparagraph": "(SX 210.13-01(a)(4)(iii))",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147480097/470-10-S99-1A"
},
"r1087": {
"role": "http://www.xbrl.org/2009/role/commonPracticeRef",
"Topic": "470",
"SubTopic": "20",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "1B",
"Subparagraph": "(d)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147481139/470-20-50-1B"
},
"r1088": {
"role": "http://www.xbrl.org/2009/role/commonPracticeRef",
"Topic": "505",
"SubTopic": "30",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "4",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147481520/505-30-50-4"
},
"r1089": {
"role": "http://www.xbrl.org/2009/role/commonPracticeRef",
"Topic": "606",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "45",
"Paragraph": "1",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147479837/606-10-45-1"
},
"r1090": {
"role": "http://www.xbrl.org/2009/role/commonPracticeRef",
"Topic": "606",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "45",
"Paragraph": "3",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147479837/606-10-45-3"
},
"r1091": {
"role": "http://www.xbrl.org/2009/role/commonPracticeRef",
"Topic": "606",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "10",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147479806/606-10-50-10"
},
"r1092": {
"role": "http://www.xbrl.org/2009/role/commonPracticeRef",
"Topic": "606",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "5",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147479806/606-10-50-5"
},
"r1093": {
"role": "http://www.xbrl.org/2009/role/commonPracticeRef",
"Topic": "715",
"SubTopic": "20",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "1",
"Subparagraph": "(d)(ii)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147480506/715-20-50-1"
},
"r1094": {
"role": "http://www.xbrl.org/2009/role/commonPracticeRef",
"Topic": "718",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "2",
"Subparagraph": "(a)(1)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147480429/718-10-50-2"
},
"r1095": {
"role": "http://www.xbrl.org/2009/role/commonPracticeRef",
"Topic": "815",
"SubTopic": "40",
"Name": "Accounting Standards Codification",
"Section": "65",
"Paragraph": "1",
"Subparagraph": "(e)(3)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147480175/815-40-65-1"
},
"r1096": {
"role": "http://www.xbrl.org/2009/role/commonPracticeRef",
"Topic": "820",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "35",
"Paragraph": "54B",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147482134/820-10-35-54B"
},
"r1097": {
"role": "http://www.xbrl.org/2009/role/commonPracticeRef",
"Topic": "820",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "2",
"Subparagraph": "(a)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147482106/820-10-50-2"
},
"r1098": {
"role": "http://www.xbrl.org/2009/role/commonPracticeRef",
"Topic": "820",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "2",
"Subparagraph": "(b)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147482106/820-10-50-2"
},
"r1099": {
"role": "http://www.xbrl.org/2009/role/commonPracticeRef",
"Topic": "820",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "2",
"Subparagraph": "(bbb)(1)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147482106/820-10-50-2"
},
"r1100": {
"role": "http://www.xbrl.org/2009/role/commonPracticeRef",
"Topic": "820",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "2",
"Subparagraph": "(bbb)(2)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147482106/820-10-50-2"
},
"r1101": {
"role": "http://www.xbrl.org/2009/role/commonPracticeRef",
"Topic": "820",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "2",
"Subparagraph": "(bbb)(2)(i)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147482106/820-10-50-2"
},
"r1102": {
"role": "http://www.xbrl.org/2009/role/commonPracticeRef",
"Topic": "820",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "2E",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147482106/820-10-50-2E"
},
"r1103": {
"role": "http://www.xbrl.org/2009/role/commonPracticeRef",
"Topic": "820",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "6A",
"Subparagraph": "(a)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147482106/820-10-50-6A"
},
"r1104": {
"role": "http://www.xbrl.org/2009/role/commonPracticeRef",
"Topic": "825",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "28",
"Subparagraph": "(f)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147482907/825-10-50-28"
},
"r1105": {
"role": "http://www.xbrl.org/2009/role/commonPracticeRef",
"Topic": "830",
"SubTopic": "30",
"Name": "Accounting Standards Codification",
"Section": "45",
"Paragraph": "20",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147481694/830-30-45-20"
},
"r1106": {
"role": "http://www.xbrl.org/2009/role/commonPracticeRef",
"Topic": "830",
"SubTopic": "30",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "1",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147481674/830-30-50-1"
},
"r1107": {
"role": "http://www.xbrl.org/2009/role/commonPracticeRef",
"Topic": "835",
"SubTopic": "30",
"Name": "Accounting Standards Codification",
"Section": "45",
"Paragraph": "2",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147482925/835-30-45-2"
},
"r1108": {
"role": "http://www.xbrl.org/2009/role/commonPracticeRef",
"Topic": "835",
"SubTopic": "30",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "1",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147482900/835-30-50-1"
},
"r1109": {
"role": "http://www.xbrl.org/2009/role/commonPracticeRef",
"Topic": "842",
"SubTopic": "20",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "3",
"Subparagraph": "(a)(3)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147478964/842-20-50-3"
},
"r1110": {
"role": "http://www.xbrl.org/2009/role/commonPracticeRef",
"Topic": "842",
"SubTopic": "20",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "4",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147478964/842-20-50-4"
},
"r1111": {
"role": "http://www.xbrl.org/2009/role/commonPracticeRef",
"Topic": "842",
"SubTopic": "20",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "6",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147478964/842-20-50-6"
},
"r1112": {
"role": "http://www.xbrl.org/2009/role/commonPracticeRef",
"Topic": "850",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "2",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147483326/850-10-50-2"
},
"r1113": {
"role": "http://www.xbrl.org/2009/role/commonPracticeRef",
"Topic": "852",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "7",
"Subparagraph": "(a)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147481404/852-10-50-7"
},
"r1114": {
"role": "http://www.xbrl.org/2009/role/commonPracticeRef",
"Topic": "852",
"SubTopic": "10",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "7",
"Subparagraph": "(b)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147481404/852-10-50-7"
},
"r1115": {
"role": "http://www.xbrl.org/2009/role/commonPracticeRef",
"Topic": "860",
"SubTopic": "20",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "3",
"Subparagraph": "(c)(1)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147481326/860-20-50-3"
},
"r1116": {
"role": "http://www.xbrl.org/2009/role/commonPracticeRef",
"Topic": "860",
"SubTopic": "20",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "3",
"Subparagraph": "(c)(2)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147481326/860-20-50-3"
},
"r1117": {
"role": "http://www.xbrl.org/2009/role/commonPracticeRef",
"Topic": "860",
"SubTopic": "20",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "3",
"Subparagraph": "(c)(3)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147481326/860-20-50-3"
},
"r1118": {
"role": "http://www.xbrl.org/2009/role/commonPracticeRef",
"Topic": "860",
"SubTopic": "20",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "4",
"Subparagraph": "(b)(1)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147481326/860-20-50-4"
},
"r1119": {
"role": "http://www.xbrl.org/2009/role/commonPracticeRef",
"Topic": "860",
"SubTopic": "20",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "4",
"Subparagraph": "(b)(2)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147481326/860-20-50-4"
},
"r1120": {
"role": "http://www.xbrl.org/2009/role/commonPracticeRef",
"Topic": "860",
"SubTopic": "20",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "4",
"Subparagraph": "(b)(3)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147481326/860-20-50-4"
},
"r1121": {
"role": "http://www.xbrl.org/2009/role/commonPracticeRef",
"Topic": "912",
"SubTopic": "730",
"Name": "Accounting Standards Codification",
"Section": "25",
"Paragraph": "1",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147479532/912-730-25-1"
},
"r1122": {
"role": "http://www.xbrl.org/2009/role/commonPracticeRef",
"Topic": "942",
"SubTopic": "210",
"Name": "Accounting Standards Codification",
"Section": "S99",
"Paragraph": "1",
"Subparagraph": "(SX 210.9-03(1)(a))",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147478546/942-210-S99-1"
},
"r1123": {
"role": "http://www.xbrl.org/2009/role/commonPracticeRef",
"Topic": "942",
"SubTopic": "320",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "2",
"Subparagraph": "(b)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147477268/942-320-50-2"
},
"r1124": {
"role": "http://www.xbrl.org/2009/role/commonPracticeRef",
"Topic": "944",
"SubTopic": "210",
"Name": "Accounting Standards Codification",
"Section": "S99",
"Paragraph": "1",
"Subparagraph": "(SX 210.7-03(a)(10))",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147478777/944-210-S99-1"
},
"r1125": {
"role": "http://www.xbrl.org/2009/role/commonPracticeRef",
"Topic": "944",
"SubTopic": "210",
"Name": "Accounting Standards Codification",
"Section": "S99",
"Paragraph": "1",
"Subparagraph": "(SX 210.7-03(a)(16)(a)(2))",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147478777/944-210-S99-1"
},
"r1126": {
"role": "http://www.xbrl.org/2009/role/commonPracticeRef",
"Topic": "944",
"SubTopic": "210",
"Name": "Accounting Standards Codification",
"Section": "S99",
"Paragraph": "1",
"Subparagraph": "(SX 210.7-03(a)(2))",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147478777/944-210-S99-1"
},
"r1127": {
"role": "http://www.xbrl.org/2009/role/commonPracticeRef",
"Topic": "944",
"SubTopic": "210",
"Name": "Accounting Standards Codification",
"Section": "S99",
"Paragraph": "1",
"Subparagraph": "(SX 210.7-03(a)(5))",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147478777/944-210-S99-1"
},
"r1128": {
"role": "http://www.xbrl.org/2009/role/commonPracticeRef",
"Topic": "944",
"SubTopic": "30",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "2B",
"Subparagraph": "(a)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147479432/944-30-50-2B"
},
"r1129": {
"role": "http://www.xbrl.org/2009/role/commonPracticeRef",
"Topic": "944",
"SubTopic": "310",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "3",
"Subparagraph": "(a)(1)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147477363/944-310-50-3"
},
"r1130": {
"role": "http://www.xbrl.org/2009/role/commonPracticeRef",
"Topic": "944",
"SubTopic": "310",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "3",
"Subparagraph": "(a)(2)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147477363/944-310-50-3"
},
"r1131": {
"role": "http://www.xbrl.org/2009/role/commonPracticeRef",
"Topic": "944",
"SubTopic": "40",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "4B",
"Subparagraph": "(a)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147480081/944-40-50-4B"
},
"r1132": {
"role": "http://www.xbrl.org/2009/role/commonPracticeRef",
"Topic": "944",
"SubTopic": "40",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "4B",
"Subparagraph": "(b)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147480081/944-40-50-4B"
},
"r1133": {
"role": "http://www.xbrl.org/2009/role/commonPracticeRef",
"Topic": "944",
"SubTopic": "40",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "4C",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147480081/944-40-50-4C"
},
"r1134": {
"role": "http://www.xbrl.org/2009/role/commonPracticeRef",
"Topic": "944",
"SubTopic": "40",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "4D",
"Subparagraph": "(a)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147480081/944-40-50-4D"
},
"r1135": {
"role": "http://www.xbrl.org/2009/role/commonPracticeRef",
"Topic": "944",
"SubTopic": "40",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "4G",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147480081/944-40-50-4G"
},
"r1136": {
"role": "http://www.xbrl.org/2009/role/commonPracticeRef",
"Topic": "944",
"SubTopic": "40",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "5",
"Subparagraph": "(a)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147480081/944-40-50-5"
},
"r1137": {
"role": "http://www.xbrl.org/2009/role/commonPracticeRef",
"Topic": "944",
"SubTopic": "40",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "5",
"Subparagraph": "(b)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147480081/944-40-50-5"
},
"r1138": {
"role": "http://www.xbrl.org/2009/role/commonPracticeRef",
"Topic": "944",
"SubTopic": "40",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "5",
"Subparagraph": "(c)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147480081/944-40-50-5"
},
"r1139": {
"role": "http://www.xbrl.org/2009/role/commonPracticeRef",
"Topic": "944",
"SubTopic": "40",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "5",
"Subparagraph": "(d)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147480081/944-40-50-5"
},
"r1140": {
"role": "http://www.xbrl.org/2009/role/commonPracticeRef",
"Topic": "944",
"SubTopic": "40",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "6",
"Subparagraph": "(a)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147480081/944-40-50-6"
},
"r1141": {
"role": "http://www.xbrl.org/2009/role/commonPracticeRef",
"Topic": "944",
"SubTopic": "40",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "6",
"Subparagraph": "(b)(1)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147480081/944-40-50-6"
},
"r1142": {
"role": "http://www.xbrl.org/2009/role/commonPracticeRef",
"Topic": "944",
"SubTopic": "40",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "6",
"Subparagraph": "(b)(2)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147480081/944-40-50-6"
},
"r1143": {
"role": "http://www.xbrl.org/2009/role/commonPracticeRef",
"Topic": "944",
"SubTopic": "40",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "6",
"Subparagraph": "(b)(3)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147480081/944-40-50-6"
},
"r1144": {
"role": "http://www.xbrl.org/2009/role/commonPracticeRef",
"Topic": "944",
"SubTopic": "40",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "6",
"Subparagraph": "(b)(4)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147480081/944-40-50-6"
},
"r1145": {
"role": "http://www.xbrl.org/2009/role/commonPracticeRef",
"Topic": "944",
"SubTopic": "40",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "6",
"Subparagraph": "(b)(5)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147480081/944-40-50-6"
},
"r1146": {
"role": "http://www.xbrl.org/2009/role/commonPracticeRef",
"Topic": "944",
"SubTopic": "40",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "6",
"Subparagraph": "(b)(6)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147480081/944-40-50-6"
},
"r1147": {
"role": "http://www.xbrl.org/2009/role/commonPracticeRef",
"Topic": "944",
"SubTopic": "40",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "6",
"Subparagraph": "(c)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147480081/944-40-50-6"
},
"r1148": {
"role": "http://www.xbrl.org/2009/role/commonPracticeRef",
"Topic": "944",
"SubTopic": "40",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "7A",
"Subparagraph": "(a)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147480081/944-40-50-7A"
},
"r1149": {
"role": "http://www.xbrl.org/2009/role/commonPracticeRef",
"Topic": "944",
"SubTopic": "40",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "7A",
"Subparagraph": "(b)(1)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147480081/944-40-50-7A"
},
"r1150": {
"role": "http://www.xbrl.org/2009/role/commonPracticeRef",
"Topic": "944",
"SubTopic": "40",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "7A",
"Subparagraph": "(b)(2)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147480081/944-40-50-7A"
},
"r1151": {
"role": "http://www.xbrl.org/2009/role/commonPracticeRef",
"Topic": "944",
"SubTopic": "40",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "7A",
"Subparagraph": "(b)(3)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147480081/944-40-50-7A"
},
"r1152": {
"role": "http://www.xbrl.org/2009/role/commonPracticeRef",
"Topic": "944",
"SubTopic": "40",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "7A",
"Subparagraph": "(c)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147480081/944-40-50-7A"
},
"r1153": {
"role": "http://www.xbrl.org/2009/role/commonPracticeRef",
"Topic": "944",
"SubTopic": "40",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "7A",
"Subparagraph": "(d)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147480081/944-40-50-7A"
},
"r1154": {
"role": "http://www.xbrl.org/2009/role/commonPracticeRef",
"Topic": "944",
"SubTopic": "40",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "7B",
"Subparagraph": "(a)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147480081/944-40-50-7B"
},
"r1155": {
"role": "http://www.xbrl.org/2009/role/commonPracticeRef",
"Topic": "944",
"SubTopic": "40",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "7B",
"Subparagraph": "(b)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147480081/944-40-50-7B"
},
"r1156": {
"role": "http://www.xbrl.org/2009/role/commonPracticeRef",
"Topic": "944",
"SubTopic": "40",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "7B",
"Subparagraph": "(c)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147480081/944-40-50-7B"
},
"r1157": {
"role": "http://www.xbrl.org/2009/role/commonPracticeRef",
"Topic": "944",
"SubTopic": "80",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "2",
"Subparagraph": "(b)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147480109/944-80-50-2"
},
"r1158": {
"role": "http://www.xbrl.org/2009/role/commonPracticeRef",
"Topic": "944",
"SubTopic": "80",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "2",
"Subparagraph": "(c)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147480109/944-80-50-2"
},
"r1159": {
"role": "http://www.xbrl.org/2009/role/commonPracticeRef",
"Topic": "946",
"SubTopic": "205",
"Name": "Accounting Standards Codification",
"Section": "45",
"Paragraph": "4",
"Subparagraph": "(a)",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147478009/946-205-45-4"
},
"r1160": {
"role": "http://www.xbrl.org/2009/role/commonPracticeRef",
"Topic": "946",
"SubTopic": "220",
"Name": "Accounting Standards Codification",
"Section": "S99",
"Paragraph": "3",
"Subparagraph": "(SX 210.6-09(4)(b))",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147479134/946-220-S99-3"
},
"r1161": {
"role": "http://www.xbrl.org/2009/role/commonPracticeRef",
"Topic": "946",
"SubTopic": "220",
"Name": "Accounting Standards Codification",
"Section": "S99",
"Paragraph": "3",
"Subparagraph": "(SX 210.6-09(7))",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147479134/946-220-S99-3"
},
"r1162": {
"role": "http://www.xbrl.org/2009/role/commonPracticeRef",
"Topic": "946",
"SubTopic": "320",
"Name": "Accounting Standards Codification",
"Section": "S99",
"Paragraph": "1",
"Subparagraph": "(SX 210.12-12(Column A)(Footnote 2)(ii))",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147477271/946-320-S99-1"
},
"r1163": {
"role": "http://www.xbrl.org/2009/role/commonPracticeRef",
"Topic": "946",
"SubTopic": "320",
"Name": "Accounting Standards Codification",
"Section": "S99",
"Paragraph": "2",
"Subparagraph": "(SX 210.12-12A(Column A)(Footnote 2))",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147477271/946-320-S99-2"
},
"r1164": {
"role": "http://www.xbrl.org/2009/role/commonPracticeRef",
"Topic": "946",
"SubTopic": "320",
"Name": "Accounting Standards Codification",
"Section": "S99",
"Paragraph": "3",
"Subparagraph": "(SX 210.12-12B(Column A)(Footnote 1)(b))",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147477271/946-320-S99-3"
},
"r1165": {
"role": "http://www.xbrl.org/2009/role/commonPracticeRef",
"Topic": "946",
"SubTopic": "320",
"Name": "Accounting Standards Codification",
"Section": "S99",
"Paragraph": "6",
"Subparagraph": "(SX 210.12-14(Column A)(Footnote 2))",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147477271/946-320-S99-6"
},
"r1166": {
"role": "http://www.xbrl.org/2009/role/commonPracticeRef",
"Topic": "985",
"SubTopic": "20",
"Name": "Accounting Standards Codification",
"Section": "50",
"Paragraph": "2",
"Publisher": "FASB",
"URI": "https://asc.fasb.org/1943274/2147481283/985-20-50-2"
}
}
}