What is Kelly Services's impairment of leasehold?

Kelly Services (KELYB) 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 KELYB 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

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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

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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

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Operating cash flow-$25.4M-206%

CapEx$1.1M-56.0%

Free cash flow-$26.5M-224%

Valuation

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Market cap$624.05M+46.6%

Enterprise value$778.45M+18.4%

P/S0.2×+0.1×

Profitability

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Gross margin19.7%-0.8pp

Operating margin-2.1%-4.2pp

Net margin-6.4%-7.0pp

FCF margin1.6%—

Returns & leverage

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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 →

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Questions, answered.

What is Kelly Services's impairment of leasehold?: Kelly Services (KELYB) 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.