What is Kelly Services's impairment of leasehold?

Kelly Services (KELYA) reported impairment of leasehold of $2.2M in Q1 2026.

What does impairment of leasehold mean?

This metric represents non-cash charges recognized when the carrying amount of leasehold improvements or right-of-use assets exceeds their recoverable value. It reflects a downward adjustment in the valuation of physical office or facility infrastructure due to changes in business strategy or market conditions. Investors monitor this to assess the impact of asset write-downs on operational cash flow and the efficiency of capital deployed in physical workspaces.

Kelly Services KELYA Impairment Of Leasehold

Impairment Of Leasehold at other companies

Kelly ServicesKELYB

$2.2M—

Monro, Inc.MNRO

$2.53M0.0%

Kelly ServicesKELYB

$2.2M—

Devon EnergyDVN

$3M-40.0%

TFX

TeleflexTFX

$1.95M—

Customers BancorpCUBI

$0—

Other financials

Income statement

See full

Revenue$1.0B-10.7%

Gross profit$196.4M-17.0%

Operating income-$5.1M-147%

Net income-$5.9M-202%

EPS (diluted)-$0.17-206%

Balance sheet

See full

Cash & equivalents$29.5M-14.5%

Total debt$183.9M-30.9%

Total equity$968.5M-21.9%

Total assets$2.3B-13.1%

Cash flow

See full

Operating cash flow-$25.4M-206%

CapEx$1.1M-56.0%

Free cash flow-$26.5M-224%

Valuation

See full

Market cap$624.05M+4.8%

Enterprise value$778.45M-9.4%

P/S0.2×0.0×

Profitability

See full

Gross margin19.7%-0.8pp

Operating margin-2.1%-4.2pp

Net margin-6.4%-7.0pp

FCF margin1.6%—

Returns & leverage

See full

Return on equity-24.1%-26.0pp

Debt / equity0.2×0.0×

Current ratio1.6×-0.1×

Where this comes from

Reported directly by Kelly Services in its filing.

Tagged under the XBRL concept us-gaap:ImpairmentOfLeasehold.

The official record: Kelly Services’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

Ask your AI about Kelly Services's impairment of leasehold.

Connect your AI assistant and compare it to peers, right in your chat.

Connect your AI

Claude

Questions, answered.

What is Kelly Services's impairment of leasehold?: Kelly Services (KELYA) reported impairment of leasehold of $2.2M in Q1 2026.
What does impairment of leasehold mean?: This metric represents non-cash charges recognized when the carrying amount of leasehold improvements or right-of-use assets exceeds their recoverable value. It reflects a downward adjustment in the valuation of physical office or facility infrastructure due to changes in business strategy or market conditions. Investors monitor this to assess the impact of asset write-downs on operational cash flow and the efficiency of capital deployed in physical workspaces.